Rhinebeck Bancorp (RBKB) investor relations material

Company overview and business model

• Operates as a community-focused bank in the Hudson Valley, NY, with 12 branches and two representative offices, offering commercial, consumer, and wealth management services.

• Primary activities include gathering deposits, originating commercial real estate, business, and indirect auto loans, and purchasing residential mortgages and securities.

• Strategic focus on relationship-based commercial lending, core deposit growth, technology investment, and private banking for affluent clients.

• Recent leadership change with a new CEO in October 2025 to drive growth and innovation.

Financial performance and metrics

• As of December 31, 2025: total assets $1.30B, deposits $1.10B, stockholders' equity $136.9M.

• 2025 net income was $10.0M, up from a loss of $8.6M in 2024; diluted EPS $0.92.

• Return on average assets 0.78%, return on average equity 7.77%, net interest margin 3.89%.

• Nonperforming assets at 0.28% of total assets; allowance for credit losses at 0.87% of loans.

• Q1 2026 net income $2.2M, book value per share $12.43, equity/assets 10.79%.

Use of proceeds and capital allocation

• Net proceeds ($63M–$86M) to be split: 50% to the bank, 4% to fund ESOP loan, remainder retained at holding company.

• Bank proceeds to support lending, product development, technology, and potential acquisitions.

• Holding company may use funds for investments, share repurchases, dividends, or acquisitions.