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765-962-2581
20 North 9th Street
Richmond, IN 47374

First Bank Richmond, National Association is headquartered in Richmond and is the 26th largest bank in the state of Indiana. It is also the 1,326th largest bank in the nation. It was established in 1887 and as of March of 2014, it had grown to 142 employees at 9 locations. First Bank Richmond, National Association's money market rates are 14% higher than the national average, and it has a B health rating.

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Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
C

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Bank Richmond, National Association had $20.39 million in non-current loans and owned real-estate with $59.09 million in equity and loan loss allowances on hand to cover it. This gives First Bank Richmond, National Association a Texas Ratio of 34.51% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for First Bank Richmond, National Association decreased slightly from 39.70% as of March 31, 2013 to 34.51% as of March 31, 2014, resulting in a positive change of 13.06%.This indicates that the balance sheet and financial strength for First Bank Richmond, National Association has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Bank Richmond, National Association has increased its total deposits by $27.5 million, resulting in 7.15% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Bank Richmond, National Association has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Bank Richmond, National Association has $509.52 million in assets with $59.09 million in equity, resulting in a capitalization level of 11.60%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28533
Year Established1887
Employees142
Primary RegulatorOCC
Assets and Liabilities
Assets$509.52 million
Loans$290.94 million
Deposits$412.11 million
Equity Capital$53.21 million
Loan Loss Allowance$5.88 million
Unbacked Noncurrent Loans$19.78 million
Real Estate Owned$610,000
Historic Data - March 2013
Assets$509.09 million
Equity Capital$54.43 million
Loan Loss Allowance$7.36 million
Unbacked Noncurrent Loans$19.78 million
Real Estate Owned$1.40 million
Profit Margin - Quarterly
Net Interest Margin3.83%
Return on Assets0.36%
Return on Equity3.56%
Interest Income$5.39 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First Bank Richmond, National Association, we are a rate comparison website and can not provide official rates or promotions.

First Bank Richmond, National Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$20-IRA Savings
0.25%--Statement Savings
0.25%$5k-HSA Checking
0.25%$20-Roth IRA Savings
0.25%$20-SEP IRA Savings
0.25%$20-CESA Savings
0.25%--Kid's First Savings

First Bank Richmond, National Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k$1mMoney Market

First Bank Richmond, National Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-First Choice Elite
0.20%$10k-Sole Proprietor Checking
0.20%$10k-Community Companion Checking
0.20%$75k-First Business Select Plus Checking
0.20%$25k-Estate Checking
0.10%$500-First Choice Plus

First Bank Richmond, National Association CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-10 Year Escalator CD
1.20%$1k-5 Year Fixed Rate CD
1.10%$1k-4 Year Fixed Rate CD
1.00%$1k-3 Year Fixed Rate CD
1.00%$1k-7 Year Escalator CD
0.80%$1k-30 Month Fixed Rate CD
0.75%$1k-2 Year Fixed Rate CD
0.75%$1k-5 Year Escalator CD
0.60%$500-18 Month Fixed Rate CD
0.50%$500-1 Year Fixed Rate CD
0.50%$1k-3 Year Escalator CD
0.25%$5k-6 Month Fixed Rate CD
0.15%$5k-3 Month Fixed Rate CD

First Bank Richmond, National Association IRA Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-10 Year Escalator IRA CD
1.25%$1k-7 Year Fixed Rate IRA CD
1.10%$1k-5 Year Fixed Rate IRA CD
1.01%$1k-7 Year Escalator IRA CD
1.00%$1k-4 Year Fixed Rate IRA CD
0.90%$1k-3 Year Fixed Rate IRA CD
0.75%$1k-2 Year Fixed Rate IRA CD
0.75%$1k-5 Year Escalator IRA CD
0.50%$1k-18 Month Variable IRA CD
0.50%$1k-3 Year Escalator IRA CD
Locations


First Bank Richmond, National Association Locations
Centerville Branch119 East Main StreetCenterville, IN 47330
Cambridge City Branch138 West Main StreetCambridge City, IN 47327
Shelbyville Branch1601 East Michigan StreetShelbyville, IN 46176
First Bank Richmond, National Association20 North 9th StreetRichmond, IN 47374
North Side Branch2499 Chester BoulevardRichmond, IN 47374
Westside Branch2929 National Road WestRichmond, IN 47374
East Side Branch3403 East Main StreetRichmond, IN 47374
Kroger Branch - Richmond Branch3701 National Road EastRichmond, IN 47374
South A Street Motor Branch601 South A StreetRichmond, IN 47375