secwatch.observer — SEC 8-K summary
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Issuer:     Rhinebeck Bancorp, Inc. (RBKB)
CIK:        0001751783
Form:       8-K
Filed at:   2026-07-23T20:35:51+00:00
Accession:  0001751783-26-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rhinebeck Bancorp Q2 net income $2.6M, down 4% YoY; completes $88.8M second-step conversion
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- Net income of $2.6M ($0.24 diluted EPS) for Q2 2026, down 4.0% from $2.7M ($0.25) in Q2 2025.
- Completed second-step conversion on July 21, 2026, raising $88.8M gross from sale of 8.88M shares at $10.00.
- Net interest income rose 1.2% to $11.6M; non-interest income up 8.8% to $1.7M.
- Past-due loans fell 34.6% from year-end to 1.03% of total loans; non-performing assets down 8.4% to $3.4M.
- Total assets increased 12.9% to $1.47B, largely from stock subscription funds; deposits up 16.9% including subscriptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751783/000175178326000035/0001751783-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751783/000175178326000035/rbkb-20260723x8k.htm
  HTML page:      https://secwatch.observer/filing/0001751783-26-000035

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