secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001751783-25-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp Q1 net income doubles to $2.3M, EPS $0.21
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- Net income $2.3M ($0.21 per share) vs $1.1M ($0.10) in Q1 2024, up 104%.
- Net interest margin expanded 89bps to 3.79%; interest rate spread up 94bps to 3.13%.
- ROAA 0.73% and ROAE 7.49% vs 0.34% and 3.92% a year ago.
- Non-performing assets down $0.6M to $3.5M; past due loans decreased 18.9% to 1.38%.
- Provision for credit losses rose to $353K from $83K due to higher loan production and charge-offs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178325000023/0001751783-25-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178325000023/rbkb-20250424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-25-000023

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