Rhinebeck Bancorp Inc
rhinebeckbank.comWhat Do They Do?
Provides deposits, loans and financial advisory services to consumer and commercial customers, including property, business and automobile borrowers.
10-K for FY2025, filed Mar 13, 2026Rhinebeck Bank is a New York-chartered stock savings bank that was organized in 1860. We provide a full range of banking and financial…View ↗
How Do They Make Money?
The bank earns mainly the difference between interest collected on loans and investments and interest paid on deposits and borrowings; customers also pay deposit-service fees when transactions occur or during the month, alongside advisory income.
10-K for FY2025, filed Mar 13, 2026Net Interest Income. Our primary source of income is net interest income. Net interest income is the difference between interest income…View ↗
Non-interest Income. Our primary sources of non-interest income are service charges on deposit accounts, investment advisory income, net…View ↗
Fees for services to customers include service charges on deposits which are included in non-interest income in the consolidated statements…View ↗
$3M
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10-K for FY2025, filed Mar 13, 2026
$3M ↗
Who Are Their Customers?
Consumer and commercial customers use branch and digital banking channels for deposits, loans and financial services; automobile borrowers can apply through dealership referrals.
10-K for FY2025, filed Mar 13, 2026Rhinebeck Bank is a New York-chartered stock savings bank that was organized in 1860. We provide a full range of banking and financial…View ↗
We offer a variety of deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal…View ↗
We have provided indirect financing of automobile purchases since 1999. At December 31, 2025, indirect automobile loans totaled $213.8…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 365 cents into free cash flow.
How Are They Changing?
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Jul 23, 2026
Completed the mutual-to-stock conversion and stock offering
The mutual holding company ceased to exist, and the offering generated $88.8 million in gross proceeds.
Sources
8-K, filed Jul 23, 2026
On July 21, 2026, Rhinebeck Bancorp, MHC, the former mutual holding company parent of the Company, completed its second-step conversion…View ↗
Growing. Revenue grew 15% in 4 years, from $2.6M in FY2021 to $3M in FY2025, about 4% a year.
More emphasis on commercial lending
The older report framed indirect automobile loans as the bank’s primary lending activity; the latest foregrounds commercial real estate and business lending and emphasizes relationship-based commercial lending.
10-K for FY2022, filed Mar 23, 2023 10-K for FY2025, filed Mar 13, 2026Rhinebeck Bank is a New York-chartered stock savings bank that was organized in 1860. The Bank provides a full range of banking and…View ↗
Reducing indirect auto lending
The older report planned to slow indirect automobile loan growth; the latest says it has been actively shrinking that portfolio and focusing on higher-yielding opportunities.
10-K for FY2022, filed Mar 23, 2023 10-K for FY2025, filed Mar 13, 2026We have been in the business of providing indirect financing of automobile purchases since 1999. At December 31, 2022, indirect automobile…View ↗
We have provided indirect financing of automobile purchases since 1999. At December 31, 2025, indirect automobile loans totaled $213.8…View ↗
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