Rhinebeck Bancorp Q2 net income $2.7M (EPS $0.25), up 179.6% YoY; NIM 3.97%, NPAs down 30%

Rhinebeck Bancorp, Inc.

2025-Q2 EPS reported $0.46 revenue$1,501,000

Net income $2.7M ($0.25 basic) vs $975K ($0.09) in Q2 2024; six months net income $5.0M ($0.47 basic), up 139.2% YoY.
Net interest income $11.5M (+27.1% YoY); net interest margin 3.97% vs 3.04% a year ago.
Provision for credit losses turned to credit of $101K vs $447K provision in Q2 2024; net charge-offs down to $91K from $833K.
Non-performing assets fell 29.7% to $2.9M; allowance for credit losses 0.85% of loans, 283% of NPLs.
Deposits up 4.9% to $1.07B; loans down 1.1% to $960.8M; Tier 1 capital ratio 12.66%.

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