secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0000943374-24-000395
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp sells $71M low-yield securities, records $12M loss to boost future earnings
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000094337424000395/0000943374-24-000395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000094337424000395/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000395

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer