---
schema_version: "secwatch.filing_event.v1"
accession: "0001751783-23-000003"
form_type: "8-K"
ticker: "RBKB"
cik: "0001751783"
company_name: "Rhinebeck Bancorp, Inc."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:21:35.692023+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Rhinebeck Bancorp Q4 net income down 73% YoY, FY net income down 39.5%; provision expense surges

## Summary
- Q4 net income $808K ($0.07/diluted) vs $2.98M in Q4 2021; FY net income $7.0M ($0.64 diluted) vs $11.6M.
- Provision for loan losses expense of $302K in Q4 vs $1.5M credit in prior year; FY provision $1.4M expense vs $3.7M credit.
- Net interest income fell 6.6% in Q4 to $9.8M; FY rose 6.1% to $41.8M. Non-interest income down 23.4% Q4.
- Net charge-offs $851K in Q4 (vs $22K recovery); loan growth +16.3% to $139.4M; past due loans 2.29%.
- CEO warns of margin compression in 2023, staff reductions implemented; equity down 14.2% to $108.1M.

## SEC filing metadata
- accession: 0001751783-23-000003
- form_type: 8-K
- ticker: RBKB
- cik: 0001751783
- company_name: Rhinebeck Bancorp, Inc.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751783/000175178323000003/0001751783-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751783/000175178323000003/rbkb-20230126x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001751783-23-000003
- JSON: https://secwatch.observer/filing/0001751783-23-000003.json
- Plain text: https://secwatch.observer/filing/0001751783-23-000003.txt

## Key facts
- Earnings Releases
  Rhinebeck Bancorp, Inc. reported the quarter and year ended December 31, 2022 results: net income net income for the three months ended December 31, 2022 of $808,000 ($0.07 per basic and diluted share)...Net income for.
  - Period: the quarter and year ended December 31, 2022
  - Net income: net income for the three months ended December 31, 2022 of $808,000 ($0.07 per basic and diluted share)...Net income for
  - Result: reported results
  source text: Rhinebeck Bancorp, Inc. issued a press release announcing 2022 fourth quarter and year-end financial results. A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated by reference herein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751783/000175178323000003/0001751783-23-000003-index.htm

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