{"schema_version":"secwatch.filing_event.v1","accession":"0000943374-24-000395","form_type":"8-K","ticker":"RBKB","cik":"0001751783","company_name":"Rhinebeck Bancorp, Inc.","filed_at":"2024-09-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.405975+00:00","generated_at":"2026-05-31T01:12:49.818115+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Rhinebeck Bancorp sells $71M low-yield securities, records $12M loss to boost future earnings","bullets":["Sold $71M of available-for-sale securities yielding 1.11%; reinvested into securities yielding 4.22% (spread +3.11%).","One-time pre-tax loss of $12.0M; no impact on tangible equity.","Projected to increase EPS by $0.12 and net interest margin by 0.17% over next 12 months, starting Q4 2024.","Weighted-average life of portfolio reduced from 5.8 years to 2.7 years.","Bank remains well capitalized with $40M+ cash and $200M unused FHLB line."],"urls":{"canonical":"https://secwatch.observer/filing/0000943374-24-000395","json":"https://secwatch.observer/filing/0000943374-24-000395.json","markdown":"https://secwatch.observer/filing/0000943374-24-000395.md","text":"https://secwatch.observer/filing/0000943374-24-000395.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1751783/000094337424000395/0000943374-24-000395-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1751783/000094337424000395/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T01:12:49.818115+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}