secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001751783-22-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp Q2 net income $2.0M ($0.19/sh), down 21% YoY; loan growth +8.4%
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- Net income $2.0M ($0.19 basic EPS) vs $2.5M ($0.23) in Q2 2021, down $536K (20.9%).
- Provision for loan losses of $346K expense vs $1.1M credit in Q2 2021; increase of $1.5M.
- Net interest income rose 19% to $10.9M, aided by $78.8M growth in avg interest-earning assets.
- Total loans grew $72.2M (8.4%) to $930M, led by indirect auto loans (+$52.5M, 13.7%).
- Non-interest income fell 19% to $1.5M due to lower mortgage gain on sale ($325K decrease).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178322000026/0001751783-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178322000026/rbkb-20220728x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-22-000026

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