Short answer
Rhinebeck Bancorp, Inc. (RBKB) filed its fiscal 2025 10-K annual report with the SEC on Mar 13, 2026. It reported revenue of $3M (−0.6% year over year) and net income of $10M.
- Top risk flagged: Commercial real estate and business loans $626.3M, 65.4% of portfolio, exposed to regional economic downturns and borrower concentration risk
FY2025 key financial metrics · XBRL
- Revenue
- $3M
- −0.6% YoY
- Net income
- $10M
- +216.5% YoY
- EPS (diluted)
- $0.92
- +215.0% YoY
- ROE
- 7.3%
- +14.4 pp YoY
- Operating cash flow
- $12M
- +38.6% YoY
Source: XBRL data from the Rhinebeck Bancorp, Inc. (RBKB) FY2025 10-K on SEC EDGAR. USD.
Rhinebeck Bancorp, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: community bank focused on loans, deposits, and wealth management services
- New emphasis: technology investments including AI and machine learning to improve product offerings and operational efficiency
- Strategic shift: expansion of market area and digital offerings despite short-term rise in expenses, efficiency ratio improved to 73.12% from 82.34%
- Quantitative metric: wealth management assets under management reached $243.0 million as of December 31, 2025
- Noteworthy risk: increased cybersecurity threats and AI-related operational risks amid remote work and third-party technology use
Management Discussion & Analysis
- Revenue: Net interest income $46.4M, up $8.7M YoY; Non-interest income $7.0M vs loss $(9.0)M in prior year
- Profitability: Net income $10.0M vs net loss $(8.6)M; Net interest margin 3.89% vs 3.17%; Efficiency ratio 73.12% vs 82.34%
- Best segment: Commercial real estate loans +$52.1M (10.8% increase); Worst segment: Indirect automobile loans -$81.9M (27.7% decrease)
- Capital: Stockholders’ equity up $15.0M to $136.9M; Deposits up $76.6M (7.5%) to $1.10B; FHLB advances down $44.6M; No mention of buybacks/dividends
- Outlook: Focus on commercial lending growth, expanding core deposits, investing in technology, private banking services, cautious credit risk management, potential acquisitions
Risk Factors
- Commercial real estate and business loans $626.3M, 65.4% of portfolio, exposed to regional economic downturns and borrower concentration risk
- Collateral illiquidity risk due to fewer buyers of commercial real estate, extending holding periods after foreclosure
- Declining occupancy and property values from shifting consumer work and living preferences impacting loan recoveries
- Large loan balances to single or related borrowers increasing loss severity on credit deterioration
- Potential significant credit loss provisions and charge-offs from impaired commercial real estate collateral
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