Rhinebeck Bancorp Inc (NASDAQ: RBKB) is a community banking company that operates Rhinebeck Bank, a retail and commercial bank serving individuals and businesses. It earns revenue primarily through net interest income on loans and deposits, with supplemental fee income from wealth management services. Rhinebeck Bank originates residential real estate loans, commercial loans, and consumer loans, funding them through core deposits and Federal Home Loan Bank of New York borrowings. The bank operates a wealth management division, Rhinebeck Asset Management, which had approximately $243.0 million in assets under management as of December 31, 2025, offering brokerage, retirement planning, financial planning, life insurance, and investment products. Strategy as of the 10-K filed 2026-03-13 emphasizes a shift toward commercial lending while maintaining a retail banking franchise as the primary source of core deposit growth. The bank supplements its loan portfolio through third-party consumer and residential lending partnerships.

Revenue model

Net interest income from loans (residential real estate, commercial, consumer) funded by deposits and FHLB borrowings; fee income from Rhinebeck Asset Management wealth management services including transaction fees and advisory services on approximately $243.0 million in assets under management (as of December 31, 2025).

Products and services

Retail banking deposits; residential real estate loans; commercial loans; consumer loans; third-party originated consumer and residential loans; brokerage services; retirement planning; financial planning; life insurance; investment products (stocks, bonds, exchange-traded products); wealth management through Rhinebeck Asset Management division.

Customers and end markets

Individual consumers and businesses within Rhinebeck Bank's local market area; retail banking depositors; commercial borrowers; wealth management clients served through Rhinebeck Asset Management.

Value-chain role

Community bank and wealth management intermediary: accepts deposits, originates and holds loans on balance sheet, borrows from FHLB of New York to supplement investable funds, and distributes third-party investment and insurance products to retail and business clients.

Geographic exposure

Local market area served by Rhinebeck Bank; specific geographic footprint not quantified in the filing excerpts provided.

Source: SEC 10-K, filed 2026-03-13

Industry: Savings Institutions, Not Federally Chartered Peers: CF Bankshares Inc ECB Bancorp Inc HMN FINANCIAL INC Provident Financial Holdings Inc Rocket Companies Inc Security National Financial Corp