Richmond Mutual Bancorporation, Inc. RMBI Escrow payable for property taxes and insurance
Escrow payable for property taxes and insurance at other companies
Other financials
Where this comes from
Reported directly by Richmond Mutual Bancorporation, Inc. in its filing.
Tagged under the XBRL concept us-gaap:AdvancePaymentsByBorrowersForTaxesAndInsurance.
The official record: Richmond Mutual Bancorporation, Inc.’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Richmond Mutual Bancorporation, Inc.'s escrow payable for property taxes and insurance?
- Richmond Mutual Bancorporation, Inc. (RMBI) reported escrow payable for property taxes and insurance of $768.16K in Q1 2026.
- How has Richmond Mutual Bancorporation, Inc.'s escrow payable for property taxes and insurance changed year-over-year?
- Richmond Mutual Bancorporation, Inc.'s escrow payable for property taxes and insurance increased by 5.2% year-over-year, from $730.4K to $768.16K.
- What is the long-term trend for Richmond Mutual Bancorporation, Inc.'s escrow payable for property taxes and insurance?
- Over 5 years (2020 to 2025), Richmond Mutual Bancorporation, Inc.'s escrow payable for property taxes and insurance has grown at a 5.7% compound annual growth rate (CAGR), from $492.52K to $650.67K.
- What does escrow payable for property taxes and insurance mean?
- These are funds collected from borrowers as part of their monthly mortgage payments to cover future property tax and insurance obligations. The bank holds these funds in escrow until the payments are due to the respective third parties. While these represent a liability, they are a standard operational feature of mortgage servicing.