Rhinebeck Bancorp (RBKB) Registration filing summary

Company overview and business model

• Operates as a community-focused bank in the Hudson Valley, NY, with 12 branches and a diversified loan portfolio emphasizing commercial real estate, business, and indirect auto loans.

• Recent strategy includes reducing indirect auto loans, expanding commercial lending, and enhancing core deposit growth.

• Offers investment advisory services through a dedicated division and maintains a strong local market presence.

Financial performance and metrics

• As of December 31, 2025: total assets $1.30B, deposits $1.10B, equity $136.9M, loans $953.4M.

• 2025 net income was $10.0M (0.78% ROAA), with a net interest margin of 3.89% and efficiency ratio of 73.12%.

• Non-performing assets were 0.28% of total assets; allowance for credit losses was 0.87% of loans.

• 2025 saw a strategic reduction in indirect auto loans and growth in commercial real estate and residential loans.

Use of proceeds and capital allocation

• At least 50% of net proceeds will be contributed to the bank, with the remainder retained at the holding company for investments, share repurchases, dividends, and potential acquisitions.

• Proceeds will support lending growth, technology investments, and possible expansion via acquisitions or new branches.

• A portion will fund the employee stock ownership plan's purchase of shares.