{"schema_version":"secwatch.filing_event.v1","accession":"0001751783-24-000003","form_type":"8-K","ticker":"RBKB","cik":"0001751783","company_name":"Rhinebeck Bancorp, Inc.","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.395297+00:00","generated_at":"2026-06-06T18:24:29.835873+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 Q4 net income up 15% YoY to $930k; full year profit down 37% to $4.4M","bullets":["Q4 net income $930k ($0.09 EPS) vs $808k prior year; FY net income $4.4M ($0.41 EPS) vs $7.0M prior year.","Net interest income fell 6.3% in Q4 ($9.1M) and 9.3% FY ($38.0M) due to higher deposit costs and shift to CDs.","Deposits decreased 8.8% ($99.4M) amid bank failures; borrowings from FHLB up 121.9% ($70.3M) to fund outflows.","Company reduced workforce ~5% in Q1 2023, closed a branch, and recorded $375k impairment on Beacon branch pending sale.","Tangible book value per share rose 7.4% to $10.04; commercial RE loans +15.5%, residential +43.8%, indirect auto -13.8%."],"urls":{"canonical":"https://secwatch.observer/filing/0001751783-24-000003","json":"https://secwatch.observer/filing/0001751783-24-000003.json","markdown":"https://secwatch.observer/filing/0001751783-24-000003.md","text":"https://secwatch.observer/filing/0001751783-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1751783/000175178324000003/0001751783-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1751783/000175178324000003/rbkb-20240125x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:24:29.835873+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":"fea075864e991c348b5244258e6b16855ef6f1ba","claim":"Rhinebeck Bancorp, Inc. reported the quarter and year ended December 31, 2023 results: net income $930,000 ($0.09 per basic and diluted share) for the three months ended December 31, 2023; $4.4 million ($0.41 per basic, EPS $0.09 per basic and diluted share for the three months; $0.41 per basic and $0.40 per diluted share for the year.","evidence_excerpt":"Rhinebeck Bancorp, Inc. (the “Company”) (NASDAQ: RBKB), the holding company of Rhinebeck Bank (the “Bank”), reported net income for the three months ended December 31, 2023 of $930,000 ($0.09 per basic and diluted share), which was $122,000, or 15.1%, higher than the comparable prior year period. Net income for the year ended December 31, 2023 of $4.4 million ($0.41 per basic and $0.40 per diluted share) was $2.6 million, or 37.2%, less than the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1751783/000175178324000003/0001751783-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2023"},{"label":"Net income","value":"$930,000 ($0.09 per basic and diluted share) for the three months ended December 31, 2023; $4.4 million ($0.41 per basic"},{"label":"EPS","value":"$0.09 per basic and diluted share for the three months; $0.41 per basic and $0.40 per diluted share for the year"},{"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"}