---
schema_version: "secwatch.filing_event.v1"
accession: "0001751783-23-000035"
form_type: "8-K"
ticker: "RBKB"
cik: "0001751783"
company_name: "Rhinebeck Bancorp, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:42:02.948861+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rhinebeck Q3 net income falls 41% to $1.2M on higher provision, lower NII

## Summary
- Net income $1.2M ($0.12 basic, $0.11 diluted), down 41.3% from Q3 2022.
- Net interest income fell 13% to $9.7M; provision for credit losses rose to $910K from $545K.
- Net charge-offs $385K vs $222K; non-performing assets up 9.1% to $4.8M.
- Loans grew $9.4M to $1.26B; deposits fell $47.6M (-4.2%); FHLB borrowings up 51.9%.
- Company repurchased 200k shares for $1.4M during Q3; equity decreased 1.4%.

## SEC filing metadata
- accession: 0001751783-23-000035
- form_type: 8-K
- ticker: RBKB
- cik: 0001751783
- company_name: Rhinebeck Bancorp, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751783/000175178323000035/0001751783-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751783/000175178323000035/rbkb-20231026x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001751783-23-000035
- JSON: https://secwatch.observer/filing/0001751783-23-000035.json
- Plain text: https://secwatch.observer/filing/0001751783-23-000035.txt

## Key facts
- Earnings Releases
  Rhinebeck Bancorp, Inc. reported the nine months ended September 30, 2023 results: net income $3.5 million ($0.32 per basic and diluted share).
  - Period: the nine months ended September 30, 2023
  - Net income: $3.5 million ($0.32 per basic and diluted share)
  - Result: reported results
  source text: Net income for the nine months ended September 30, 2023 of $3.5 million ($0.32 per basic and diluted share), was $2.7 million, or 44.0%, less than the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751783/000175178323000035/0001751783-23-000035-index.htm
- Earnings Releases
  Rhinebeck Bancorp, Inc. reported the three months ended September 30, 2023 results: net income $1.2 million ($0.12 per basic and $0.11 per diluted share).
  - Period: the three months ended September 30, 2023
  - Net income: $1.2 million ($0.12 per basic and $0.11 per diluted share)
  - Result: reported results
  source text: Rhinebeck Bancorp, Inc. issued a press release announcing 2023 third quarter financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1751783/000175178323000035/0001751783-23-000035-index.htm

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