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STATES SECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-Q\n\nxQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nor\n\noTRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from _______ to ________\n\nCommission file number: 001-38956\n\nRICHMOND MUTUAL BANCORPORATION, INC.\n\n(Exact name of registrant as specified in its charter)\n\nMaryland\n\n36-4926041\n\n(State or other jurisdiction of incorporation of organization)\n\n(I.R.S. Employer Identification No.)\n\n31 North 9th Street, Richmond, Indiana 47374\n\n(Address of principal executive offices; Zip Code)\n\n(765) 962-2581\n\n(Registrant's telephone number, including area code)\n\nNone\n\n(Former name, former address and former fiscal year, if changed since last report)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each class\n\nTrading Symbol(s)\n\nName of each exchange on which registered\n\nCommon Stock, par value $0.01 per share\n\nRMBI\n\nThe NASDAQ Stock Market LLC\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 and 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes [X] No [ ]\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes [X] No [ ]\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\n\n[  ]\n\nAccelerated filer\n\n[  ]\n\nNon-accelerated filer\n\n[X]\n\nSmaller reporting company\n\n[X]\n\nEmerging growth company\n[ ]\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes o No [X]\n\nThere were 10,501,260 shares of Registrant’s common stock, par value of $0.01 per share, issued and outstanding as of May 12, 2026.\n\nRICHMOND MUTUAL BANCORPORATION, INC. AND SUBSIDIARY\n\n10-Q\n\nTABLE OF CONTENTS\n\n[PART I     FINANCIAL INFORMATION](#i46e9dee24e714edd824c87c044ee86ee_10)\n\nPage\n\n[Item 1.](#i46e9dee24e714edd824c87c044ee86ee_13)\n\n[Condensed Consolidated Balance Sheets at](#i46e9dee24e714edd824c87c044ee86ee_16)March 31, 2026[(Unaudited) and](#i46e9dee24e714edd824c87c044ee86ee_16)December 31, 2025\n\n[1](#i46e9dee24e714edd824c87c044ee86ee_16)\n\n[Condensed Consolidated Statements of Income (Unaudited) for the](#i46e9dee24e714edd824c87c044ee86ee_19)Three[Months Ended](#i46e9dee24e714edd824c87c044ee86ee_19)March 31, 2026[and](#i46e9dee24e714edd824c87c044ee86ee_19)2025\n\n[2](#i46e9dee24e714edd824c87c044ee86ee_19)\n\nCondensed [Consolidated Statements of Comprehensive Income (Unaudited) for the](#i46e9dee24e714edd824c87c044ee86ee_22)Three[Months Ended](#i46e9dee24e714edd824c87c044ee86ee_22)March 31, 2026 and 2025\n\n[3](#i46e9dee24e714edd824c87c044ee86ee_22)\n\nCondensed [Consolidated Statements of Changes in Stockholders' Equity (Unaudited) for the](#i46e9dee24e714edd824c87c044ee86ee_25)Three[Months Ended](#i46e9dee24e714edd824c87c044ee86ee_25)March 31, 2026 and 2025\n\n[4](#i46e9dee24e714edd824c87c044ee86ee_25)\n\nCondensed [Consolidated Statements of Cash Flows (Unaudited) for the](#i46e9dee24e714edd824c87c044ee86ee_28)Three Months EndedMarch 31, 2026 and 2025\n\n[5](#i46e9dee24e714edd824c87c044ee86ee_28)\n\n[Notes to Condensed Consolidated Financial Statements](#i46e9dee24e714edd824c87c044ee86ee_31)\n\n[6](#i46e9dee24e714edd824c87c044ee86ee_31)\n\n[Item 2.](#i46e9dee24e714edd824c87c044ee86ee_61)\nManagement's Discussion and Analysis of Financial Condition and Results of Operations\n[29](#i46e9dee24e714edd824c87c044ee86ee_61)\n\n[Item 3.](#i46e9dee24e714edd824c87c044ee86ee_76)\nQuantitative and Qualitative Disclosures about Market Risk\n[40](#i46e9dee24e714edd824c87c044ee86ee_76)\n\n[Item 4.](#i46e9dee24e714edd824c87c044ee86ee_79)\nControls and Procedures\n[40](#i46e9dee24e714edd824c87c044ee86ee_79)\n\n[PART II     OTHER INFORMATION](#i46e9dee24e714edd824c87c044ee86ee_82)\n\n[Item 1.](#i46e9dee24e714edd824c87c044ee86ee_85)\nLegal Proceedings\n[42](#i46e9dee24e714edd824c87c044ee86ee_85)\n\n[Item 1A.](#i46e9dee24e714edd824c87c044ee86ee_88)\nRisk Factors\n[42](#i46e9dee24e714edd824c87c044ee86ee_88)\n\n[Item 2.](#i46e9dee24e714edd824c87c044ee86ee_91)\nUnregistered Sales of Equity Securities and Use of Proceeds\n[42](#i46e9dee24e714edd824c87c044ee86ee_91)\n\n[Item 3.](#i46e9dee24e714edd824c87c044ee86ee_94)\nDefaults Upon Senior Securities\n[42](#i46e9dee24e714edd824c87c044ee86ee_94)\n\n[Item 4.](#i46e9dee24e714edd824c87c044ee86ee_97)\nMine Safety Disclosures\n[42](#i46e9dee24e714edd824c87c044ee86ee_97)\n\n[Item 5](#i46e9dee24e714edd824c87c044ee86ee_100)\nOther Information\n[42](#i46e9dee24e714edd824c87c044ee86ee_100)\n\n[Item 6.](#i46e9dee24e714edd824c87c044ee86ee_103)\nExhibits\n[43](#i46e9dee24e714edd824c87c044ee86ee_103)\n\n[Signatures](#i46e9dee24e714edd824c87c044ee86ee_106)\n\n[44](#i46e9dee24e714edd824c87c044ee86ee_106)\n\nPART I. FINANCIAL INFORMATION"}