secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001751783-24-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp Q3 net loss $8.1M on $12M securities restructuring loss
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- Net loss of $8.1M ($0.75 loss per share) vs net income of $1.2M ($0.11 EPS) in Q3 2023.
- Pre-tax loss of $12.0M from sale of low-yield securities (1.11% yield, 5.8yr life); reinvested at 4.22% yield, 2.7yr life.
- Net interest income flat at $9.7M, net interest margin improved 17bps to 3.26%.
- Total assets down 3.6% to $1.27B; loans fell 4.4% to $964.9M; deposits up 1.5% to $1.07B.
- Non-performing assets rose to $4.8M; allowance for credit losses at 0.84% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178324000042/0001751783-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178324000042/rbkb-20241024x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-24-000042

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