Rhinebeck Bancorp (RBKB) Registration filing summary

Company overview and business model

• Operates as a community-focused bank holding company with $1.30B in assets and $1.10B in deposits as of December 31, 2025.

• Primary activities include commercial real estate, business, and indirect auto lending, as well as deposit gathering and wealth management.

• Market area covers the Hudson Valley region of New York, with 12 branches and two representative offices.

• Business strategy emphasizes relationship-based commercial lending, core deposit growth, technology investment, and risk management.

• Recent leadership change with a new CEO focused on digital banking and scalable growth.

Financial performance and metrics

• Net income for 2025 was $10.0M, reversing a prior year loss; diluted EPS was $0.92.

• Return on average assets was 0.78% and return on average equity was 7.77% for 2025.

• Net interest margin improved to 3.89% in 2025, with an efficiency ratio of 73.12%.

• Allowance for credit losses was $8.4M, or 0.87% of total loans, with non-performing loans at 0.39% of total loans.

• As of March 31, 2026, total assets were $1.28B, with $2.2M net income for the quarter.

Use of proceeds and capital allocation

• At least 50% of net proceeds from the offering will be contributed to the bank; remainder retained at the holding company.

• Proceeds will support lending growth, technology investment, potential acquisitions, and general corporate purposes.

• A portion will fund a loan to the employee stock ownership plan for share purchases.

• No specific acquisition agreements are in place.