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RMBI (Richmond Mutual Bancorp) Tax Rate % : 12.99% (As of Sep. 2024)


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What is Richmond Mutual Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Richmond Mutual Bancorp's Tax Expense for the three months ended in Sep. 2024 was $0.37 Mil. Richmond Mutual Bancorp's Pre-Tax Income for the three months ended in Sep. 2024 was $2.84 Mil. Therefore, Richmond Mutual Bancorp's Tax Rate % for the quarter that ended in Sep. 2024 was 12.99%.

Richmond Mutual Bancorp Tax Rate % Historical Data

The historical data trend for Richmond Mutual Bancorp's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Richmond Mutual Bancorp Tax Rate % Chart

Richmond Mutual Bancorp Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial 27.31 19.82 17.94 17.67 13.78

Richmond Mutual Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.33 10.79 12.94 12.89 12.99

Richmond Mutual Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Richmond Mutual Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=1.516/11.003
=13.78 %

Richmond Mutual Bancorp's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=0.369/2.841
=12.99 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Richmond Mutual Bancorp Tax Rate % Related Terms

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Richmond Mutual Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Richmond Mutual Bancorp Inc (NAS:RMBI) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
31 North 9th Street, Richmond, IN, USA, 47374
Website
https://www.firstbankrichmond.com
Richmond Mutual Bancorp Inc is a United States-based banking company. Its principal business consists of attracting deposits from the general public & brokered deposits and investing those funds predominantly in loans secured by commercial and multi-family real estate, first mortgages on owner-occupied, one-to four-family residences, a variety of consumer loans, direct financing leases, and commercial and industrial loans.
Executives
M. Lynn Wetzel director RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Jeffrey A. Jackson director RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Hanley Harold T. Iii director RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Kathryn Cruz-uribe director RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
E. Michael Blum director RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Bradley M. Glover officer: Acting CFO RICHMOND MUTUAL BANCORPORATION, 31 NORTH 9TH STREET, RICHMOND IN 47374
Donald A Benziger officer: EVP, CFO RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Alan M. Spears officer: Senior Vice President, Trust RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Robin S. Weinert officer: SVP Operations/Retail Banking RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Lindley S. Mann director RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Garry D. Kleer officer: President, CEO RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Stevens W. Ray Iii director RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Dean W. Weinert officer: President, Mutual Federal RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Fullerton Albert E. Jr. officer: SVP, Chief Information Officer RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374
Pamela S. Stoops officer: SVP, Retail Lending Manager RICHMOND MUTUAL BANCORPORATION, INC., 31 N. 9TH STREET, RICHMOND IN 47374