secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001751783-25-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178325000035/0001751783-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178325000035/rbkb-20250724x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-25-000035

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