{"schema_version":"secwatch.filing_event.v1","accession":"0001751783-23-000016","form_type":"8-K","ticker":"RBKB","cik":"0001751783","company_name":"Rhinebeck Bancorp, Inc.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.378449+00:00","generated_at":"2026-06-16T09:14:02.001467+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Rhinebeck Bancorp Q1 net income $798K, down 61% YoY on higher loan loss provision","bullets":["Net income fell to $798K ($0.07 EPS) from $2.1M ($0.20 EPS) in Q1 2022; net interest income dipped 2.5% to $9.9M.","Provision for credit losses surged to $1.0M (vs. $221K) including a $975K reserve on one commercial loan and the new CECL methodology.","Deposits dropped 3.2% ($36.4M) in March amid the banking crisis; uninsured deposits were ~29% of total deposits.","Net charge-offs rose to $413K (0.04% of avg loans) from $80K; non-performing loans increased $1.2M to $5.7M.","Company laid off ~5% of its workforce in Q1 to reduce costs; CEO expects deposit outflows to slow with Fed pause."],"urls":{"canonical":"https://secwatch.observer/filing/0001751783-23-000016","json":"https://secwatch.observer/filing/0001751783-23-000016.json","markdown":"https://secwatch.observer/filing/0001751783-23-000016.md","text":"https://secwatch.observer/filing/0001751783-23-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1751783/000175178323000016/0001751783-23-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1751783/000175178323000016/rbkb-20230427x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:14:02.001467+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7e35f90bc519e393077df78f54af6c4a6a5049cd","claim":"Rhinebeck Bancorp, Inc. reported the three months ended March 31, 2023 results: net income $798,000, EPS $0.07 per basic and diluted share.","evidence_excerpt":"reported net income for the three months ended March 31, 2023 of $798,000 ($0.07 per basic and diluted share)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1751783/000175178323000016/0001751783-23-000016-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Net income","value":"$798,000"},{"label":"EPS","value":"$0.07 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}