secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001751783-26-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp Q1 net income down 3.1% to $2.2M; net interest margin 3.77%
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- Net income $2.2M ($0.20 EPS) vs $2.3M ($0.21 EPS) YoY; ROAA 0.70%, ROAE 6.50%.
- Net interest margin 3.77%; provision for credit losses fell 79.9% to $71K.
- Non-interest income down 16.3% to $1.5M on lower swap fee income; non-interest expense up 2.4% to $9.7M.
- Total assets $1.28B, loans down 1.7%; deposits up 0.6%; non-performing assets $3.5M.
- CEO cites solid quarter, pending second step conversion; capital and liquidity robust.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178326000015/0001751783-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178326000015/rbkb-20260423x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-26-000015

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