---
schema_version: "secwatch.filing_event.v1"
accession: "0001751783-22-000014"
form_type: "8-K"
ticker: "RBKB"
cik: "0001751783"
company_name: "Rhinebeck Bancorp, Inc."
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:32:45.657066+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Rhinebeck Bancorp Q1 net income down 38% to $2.1M; EPS $0.19 vs $0.31

## Summary
- Net income $2.1M ($0.19 per share) vs $3.3M ($0.31 per share) in Q1 2021, a decrease of 38%.
- Net interest income up 3.4% to $10.1M; net interest margin down 23 bps to 3.42%.
- Non-interest expense up 14.5% to $9.1M, driven by salaries/benefits from four new branches and branch expansion.
- Provision for loan losses swung to $221K expense from $69K credit in prior year; net charge-offs fell to $80K.
- Stockholders' equity down 6.9% to $117.3M due to $10.9M increase in unrealized securities losses.

## SEC filing metadata
- accession: 0001751783-22-000014
- form_type: 8-K
- ticker: RBKB
- cik: 0001751783
- company_name: Rhinebeck Bancorp, Inc.
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751783/000175178322000014/0001751783-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751783/000175178322000014/rbkb-20220428x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001751783-22-000014
- JSON: https://secwatch.observer/filing/0001751783-22-000014.json
- Plain text: https://secwatch.observer/filing/0001751783-22-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.