secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001751783-25-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp posts Q4 net loss $2.7M, full-year net loss $8.6M from securities restructuring
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- Diluted loss per share $0.25 in Q4 2024 vs EPS $0.09 in Q4 2023; annual loss per share $0.80 vs $0.40.
- Q4 and full-year results include $4.0M and $16.0M loss on sale of securities from balance sheet restructuring.
- Net interest margin improved 65 bps to 3.61% in Q4; net interest income rose 14.8% to $10.5M.
- Provision for credit losses increased to $1.4M in Q4 (Q4 2023: $230K) due to a $524K commercial loan charge-off.
- Total assets fell 4.4% to $1.26B; indirect auto loans down 25% to 23.5% of assets; equity up 7.2% to $121.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178325000003/0001751783-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178325000003/rbkb-20250130x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-25-000003

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