First Bank Richmond

Headquarters

20 North 9th Street
Richmond, IN 47374
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.50% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.65% 0.95% →
5-Year CD 1.26% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Bank Richmond is an FDIC insured institution located in Richmond, IN. It was founded in 1887 and has approximately $1.01 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 28533
Date Established 1887
Assets $ 1,005.69 million
Loans $ 686.86 million
Deposits $ 650.89 million
Capital $ 146.67 million
 

For a more detailed analysis of First Bank Richmond's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 26, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.50% $2,500 $4,999 Learn More
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
Special: 17 Mo CD
1.01% $500 - Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
1.01% $10,000 $14,999 Learn More
48 Mo CD
1.01% $100,000 $199,999 Learn More
Special: 60 Mo CD
1.26% $1,000 - Learn More
60 Mo CD
1.26% $10,000 $14,999 Learn More
60 Mo CD
1.26% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Bank Richmond

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.666% 2.625% 0.50 $1,335 $1,005 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.555% 2.500% 0.75 $1,821 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to First Bank Richmond
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Bank Richmond branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Bank Richmond Locations


Financial Details

First Bank Richmond Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank Richmond. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Bank Richmond U.S. Bank Average
2.54% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First Bank Richmond had $3,880,000 in non-current loans and $32,000 in owned real estate. To cover these potential losses it had $146,667,000 in equity and $7,306,000 in loans loss reserves. That gives it a Texas Ratio of 2.54%.

Return on Equity
First Bank Richmond U.S. Bank Average
6.97% 7.80%

First Bank Richmond has a Return on Equity of 6.97% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Bank Richmond U.S. Bank Average
14.58% 12.68%

First Bank Richmond has a Capitalization of 14.58% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Bank Richmond Balance Sheet Analysis

As of March 31, 2020, First Bank Richmond had assets of $1,005,689,000, loans of $686,855,000, and deposits of $650,889,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 27.75 million
Interest-bearing balances $ 16.95 million
Total securities $ 252.65 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 686.86 million
Loan loss allowance $ 7.31 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles $ 0.91 million
All other assets $ 23.51 million
     Total Assets $ 859.02 million
LIABILITIES
Total deposits $ 650.89 million
      Interest-bearing deposits $ 542.74 million
      Deposits held in domestic offices $ 650.89 million
      % insured (estimated) 76.16%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 182.00 million
Subordinated debt N.A.
All other liabilities $ 26.13 million
      Total Liabilities $ 859.02 million
      Shareholders’ Equity $ 146.67 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.52 million
Total Interest Expense $ 2.58 million
Net interest income $ 7.94 million
Provision for loan and lease losses $ 0.21 million
Total non interest income $ 0.90 million
Total non interest expense $ 5.51 million
Pre-tax Net Operating Income $ 3.12 million

Bank Loan Profile?

The top three loan types in First Bank Richmond’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Indiana, First Bank Richmond has a significantly higher percent of Multifamily Mortgages, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.14
Multifamily
Mortgages
8.46
Credit Card Loans 0.00
Consumer Auto Loans 1.29
Small Business Loans 0.00
Construction and Development Loans 8.05
Commercial Real Estate 34.58
Commercial and Industrial Loans 10.25
Farm Loans 0.62

Frequently Asked Questions About First Bank Richmond

Branches and Savings

Is First Bank Richmond FDIC insured?

Yes. It is covered under FDIC Certificate #28533.

Why does First Bank Richmond pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Bank Richmond CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Bank Richmond a commercial bank?

Yes

Where are First Bank Richmond locations?

See branch locations nearby.

Is First Bank Richmond open on Saturdays?

Is First Bank Richmond open on Sundays?

What time does First Bank Richmond open?

What time does First Bank Richmond close?

Are First Bank Richmond ATMs Open 24/7?

Do First Bank Richmond ATMs accept cash deposits?

Can First Bank Richmond customers use other ATMs?

Do First Bank Richmond branches have notaries?

Will First Bank Richmond notarize my document?

What address for First Bank Richmond should I put for incoming ACH transfers?

Will the First Bank Richmond branch print checks?

Do First Bank Richmond checks expire?

Does First Bank Richmond require US citizenship to open account?

Can First Bank Richmond close my account?

Does First Bank Richmond Report to credit bureaus?

Does First Bank Richmond Use Equifax?

What is First Bank Richmond's ACH Routing Number?

What is First Bank Richmond's SWIFT code?

Products

Does First Bank Richmond offer mortgages?

Compare mortgage rates here.

Does First Bank Richmond offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank Richmond offer personal loans?

Compare personal loan rates here.

Does First Bank Richmond offer student loans?

Will First Bank Richmond cash a check?

Will First Bank Richmond redeem a savings bond?

Does First Bank Richmond cash savings bonds?

Will First Bank Richmond cash money orders?

Can First Bank Richmond issue a money order?

Does First Bank Richmond do currency exchange?

Background on The Bank

Who owns First Bank Richmond?

How long has First Bank Richmond been around?

Can First Bank Richmond transfer to other banks?

Does First Bank Richmond have quick pay?

Does First Bank Richmond accept rolled coins?

Will First Bank Richmond accept loose change?

Where is First Bank Richmond headquarters?

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