---
schema_version: "secwatch.filing_event.v1"
accession: "0001751783-22-000039"
form_type: "8-K"
ticker: "RBKB"
cik: "0001751783"
company_name: "Rhinebeck Bancorp, Inc."
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:07:20.460941+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rhinebeck Bancorp Q3 net income down 21.5% to $2.1M, provision expense rises

## Summary
- Net income $2.1M ($0.19/share) vs $2.7M prior year; net interest income up 10.3% to $11.1M.
- Provision for loan losses expense $545K vs credit of $954K in prior year quarter, driven by indirect auto loan growth.
- Total assets $1.29B (+0.9% vs Dec 2021); net loans up 11.3% led by indirect auto +18.5%.
- Settlement with NY DFS for $1.45M (penalty + restitution) fully reserved; no further material impact.
- Non-interest income down 15.3% on lower mortgage sales; non-interest expense up 1.1%.

## SEC filing metadata
- accession: 0001751783-22-000039
- form_type: 8-K
- ticker: RBKB
- cik: 0001751783
- company_name: Rhinebeck Bancorp, Inc.
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751783/000175178322000039/0001751783-22-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751783/000175178322000039/rbkb-20221027x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001751783-22-000039
- JSON: https://secwatch.observer/filing/0001751783-22-000039.json
- Plain text: https://secwatch.observer/filing/0001751783-22-000039.txt

## Key facts
- Earnings Releases
  Rhinebeck Bancorp, Inc. reported three and nine months ended September 30, 2022 results: net income $2.1 million ($0.19 per basic and diluted share).
  - Period: three and nine months ended September 30, 2022
  - Net income: $2.1 million ($0.19 per basic and diluted share)
  - Result: reported results
  source text: Rhinebeck Bancorp, Inc. issued a press release announcing 2022 third quarter financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751783/000175178322000039/0001751783-22-000039-index.htm

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