secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001751783-24-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp Q2 net income falls 31.9% to $975K; EPS $0.09
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- Q2 2024 net income $975K ($0.09 diluted EPS), down from $1.4M ($0.13) in Q2 2023.
- Net interest income $9.1M, down 1.8% YoY; provision for credit losses increased $899K.
- Tangible book value per share $10.27, up 8.5% from June 2023.
- Loans decreased $26.5M, led by $50.7M drop in indirect auto loans.
- Non-performing assets flat at $4.2M; past due loans improved to 1.58% of total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178324000034/0001751783-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178324000034/rbkb-20240725x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-24-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer