Rhinebeck Bancorp, Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 25, 2025
RBKB$13.26-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Financial Condition
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| | | 2024 | 2023 | |||
| Assets | | | | | | |
| Cash and due from banks | | $18,561 | | $14,178 | ||
| Federal funds sold | | | 18,309 | | | 7,524 |
| Interest bearing depository accounts | | | 614 | | | 427 |
| Total cash and cash equivalents | | | 37,484 | | | 22,129 |
| | | | | | | |
| Available for sale securities (at fair value) | | 159,947 | | 191,985 | ||
| Loans receivable (net of allowance for credit losses of $8,539 and $8,124, respectively) | | 971,779 | | 1,008,851 | ||
| Federal Home Loan Bank stock | | 3,960 | | 6,514 | ||
| Accrued interest receivable | | 4,435 | | 4,616 | ||
| Cash surrender value of life insurance | | 30,193 | | 30,031 | ||
| Deferred tax assets (net of valuation allowance of $1,336 and $598, respectively) | | 8,114 | | 9,936 | ||
| Premises and equipment, net | | 14,105 | | 17,567 | ||
| Other real estate owned | | — | | 25 | ||
| Goodwill | | 2,235 | | 2,235 | ||
| Intangible assets, net | | 166 | | 246 | ||
| Other assets | | 23,347 | | 19,067 | ||
| Total assets | | $1,255,765 | | $1,313,202 | ||
| Liabilities and Stockholders’ Equity | | | ||||
| Liabilities | | | ||||
| Deposits | | | ||||
| Non-interest bearing | | $238,126 | | $249,793 | ||
| Interest bearing | | 782,657 | | 780,710 | ||
| Total deposits | | 1,020,783 | | 1,030,503 | ||
| | | | | | | |
| Mortgagors’ escrow accounts | | 9,425 | | 9,274 | ||
| Advances from the Federal Home Loan Bank | | 69,773 | | 128,064 | ||
| Subordinated debt | | 5,155 | | 5,155 | ||
| Accrued expenses and other liabilities | | 28,796 | | 26,521 | ||
| Total liabilities | | 1,133,932 | | 1,199,517 | ||
| | | | | | | |
| Stockholders’ Equity | | | ||||
| Preferred stock (par value $0.01 per share; 5,000,000 authorized, no shares issued) | | | — | | | — |
| Common stock (par value $0.01; authorized 25,000,000; issued and outstanding 11,094,828 and 11,072,607 at December 31, 2024 and 2023, respectively) | | 111 | | 111 | ||
| Additional paid-in capital | | 45,946 | | 45,959 | ||
| Unearned common stock held by the employee stock ownership plan | | | (3,055) | | | (3,273) |
| Retained earnings | | 91,766 | | 100,386 | ||
| Accumulated other comprehensive loss: | | | | | ||
| Net unrealized loss on available for sale securities, net of taxes | | (10,480) | | (26,077) | ||
| Defined benefit pension plan, net of taxes | | (2,455) | | (3,421) | ||
| Total accumulated other comprehensive loss | | (12,935) | | (29,498) | ||
| Total stockholders’ equity | | 121,833 | | 113,685 | ||
| Total liabilities and stockholders’ equity | | $1,255,765 | | $1,313,202 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.