First Bank Midwest
Frankfort, IN · Owner: Richmond Mutual Bancorporation, Inc.
$1.5B
total assets, June 30, 2026
$1.5B
total assets, June 30, 2026
First Bank Midwest is a state nonmember bank based in Frankfort, IN, owned by Richmond Mutual Bancorporation, Inc. (RMBI). As of June 30, 2026 it held $1.5 billion in assets and $1.2 billion in deposits; assets were up 2.8% from a year before. It has 14 branches in 2 states.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$1.5B
+2.8% in a year · +2.2% in a quarter
Deposits
$1.2B
+4.8% in a year · +3.7% in a quarter
Loans
$1.2B
+3.3% in a year · +2.8% in a quarter
Profit so far
$5.5M
Jan 1 to Jun 30, 2026 · +8.5% in a year
Capital ratio
10.90%
+0.15 pts in a year
Return on assets
0.72%
+0.05 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 9 E Clinton St, Frankfort, IN, 46041
- County
- Clinton
- Holding company
- Richmond Mutual Bancorporation, Inc. (RMBI)
- Established
- Jan 1, 1887
- Employees
- 174
- Branches
- 14 in 2 states
- Website
- www.firstbankrichmond.com
- Id
- b28533
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
14 offices as of June 30, 2026, holding $1.2 billion in deposits
Branch map
Every branch, sized by its deposits
| Largest branches | Place | Deposits |
|---|---|---|
| First Bank Richmond (main office) | Richmond, IN | $562M |
| Sidney Branch | Sidney, OH | $112M |
| Cambridge City Branch | Cambridge City, IN | $59.7M |
| North Side Branch | Richmond, IN | $59.5M |
| Columbus Branch | Columbus, OH | $50.7M |
| Shelbyville Branch | Shelbyville, IN | $49.3M |
| East Side Branch | Richmond, IN | $49.0M |
| Sidney Branch | Sidney, OH | $48.8M |
| Westside Branch | Richmond, IN | $42.5M |
| Piqua Branch | Piqua, OH | $40.2M |
Related pages
Questions and answers
How big is First Bank Midwest?
$1.5 billion in total assets and $1.2 billion in deposits as of June 30, 2026, with assets up 2.8% from a year before. Its loans were $1.2 billion.
How many branches does First Bank Midwest have?
14 branches in 2 states as of June 30, 2026. The most deposits are in Indiana ($856.7 million).
Is First Bank Midwest profitable?
Yes: it earned $5.50 million from January 1 to June 30, 2026 (up 8.5% from the same months a year before). Its return on assets was 0.72% a year; about 1% is typical.
Who owns First Bank Midwest?
First Bank Midwest is owned by Richmond Mutual Bancorporation, Inc., its holding company, which is listed as RMBI.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.