POUGHKEEPSIE, NY / ACCESS Newswire / December 19, 2025 / Rhinebeck Bank, the wholly-owned subsidiary of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB), announced the retirement of Louis Tumolo, Jr., DVM from its Board of Directors, effective December 17, 2025. Dr. Tumolo, a Rhinebeck resident for more than 55 years and owner of the Rhinebeck Animal Hospital, served as a member of the Rhinebeck Bank Board of Directors for over 42 years, the longest tenure in the institution's history. ...

Group 1 - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and companies that generate it [1] - The service offers subscribers access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with oil and gas investment opportunities [2]

Table of Contents United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 001-38779 Rhinebeck Bancorp, Inc. (Exact name of registrant as specified in its charter) Maryland 83-2117268 (State or other ...

Financial Performance - Rhinebeck Bancorp reported net income of $2.7 million for Q3 2025, a significant recovery from a net loss of $8.1 million in Q3 2024, with earnings per share of $0.25 compared to a loss per share of $0.75 in the prior year[1]. - Net income for the nine months ended September 30, 2025, was $7,709,000, a significant recovery from a net loss of $5,966,000 in the same period of 2024[18]. - Return on average assets improved to 0.82% in Q3 2025 from -2.52% in Q3 2024, indicating a significant recovery[24]. - Return on average equity rose to 8.18% in Q3 2025 from -26.87% in Q3 2024, showcasing enhanced profitability[24]. - Basic earnings per share (GAAP) for the nine months ended September 30, 2025, was $0.71, compared to a loss of $0.55 in 2024[28]. Income and Revenue - Year-to-date net interest income increased by $7.0 million, or 25.6%, to $34.6 million for the first nine months of 2025, driven by higher yields on interest-earning assets and lower costs on interest-bearing liabilities[4]. - Total interest and dividend income for Q3 2025 was $17,759,000, an increase of 10.98% from $16,004,000 in Q3 2024[18]. - Net interest income for Q3 2025 reached $12,035,000, up 24.66% compared to $9,663,000 in Q3 2024[18]. - Net interest income increased to $34,564,000 for the nine months ended September 30, 2025, compared to $27,520,000 in 2024, representing a growth of 25.5%[22]. Asset and Liability Management - Total assets increased by $60.2 million, or 4.8%, to $1.32 billion as of September 30, 2025, with cash and cash equivalents rising by $66.0 million, or 176.0%[11]. - Total liabilities increased by $49.1 million, or 4.3%, to $1.18 billion, driven by a $95.0 million increase in deposits, primarily in interest-bearing accounts[13]. - Total assets increased to $1,316,009,000 as of September 30, 2025, compared to $1,255,765,000 at December 31, 2024, reflecting a growth of 4.79%[19]. - Total deposits rose to $1,115,828,000 as of September 30, 2025, up from $1,020,783,000 at December 31, 2024, marking an increase of 9.31%[19]. Credit Quality - The provision for credit losses for the first nine months of 2025 decreased by $263,000, or 18.5%, to $1.2 million, reflecting changes in the loan portfolio composition[6]. - Non-performing assets decreased by $389,000, or 9.4%, to $3.7 million at September 30, 2025, indicating improved asset quality[12]. - Non-performing loans as a percentage of total gross loans decreased to 0.38% in Q3 2025 from 0.49% in Q3 2024, indicating improved asset quality[24]. Equity and Capital - Stockholders' equity rose by $11.2 million, or 9.2%, to $133.0 million, supported by net income of $7.7 million and a decrease in accumulated other comprehensive loss[14]. - Tier 1 capital ratio increased to 13.08% in Q3 2025 from 12.04% in Q3 2024, reflecting a stronger capital position[24]. - Total shareholders' equity (book value) increased to $133,004,000 as of September 30, 2025, up from $122,667,000 in December 2024, representing an increase of 8.9%[29]. - Book value per common share rose to $11.93 in September 2025, compared to $11.06 in December 2024, reflecting a growth of 7.9%[29]. Operational Efficiency - The efficiency ratio improved to 69.61% in Q3 2025 from 77.83% in Q3 2024, reflecting better cost management[24]. - The average interest-earning assets to average interest-bearing liabilities ratio was 135.11% for Q3 2025, consistent with 135.00% in Q3 2024[20]. Strategic Focus - The company aims to focus on sustainable growth, deepening client relationships, and driving innovation while maintaining strong risk discipline[2].

Core Insights - Rhinebeck Bancorp, Inc. reported a net income of $2.7 million for Q3 2025, a significant recovery from a net loss of $8.1 million in Q3 2024 [1] - Earnings per share for Q3 2025 were $0.25, compared to a diluted loss per share of $0.75 for the same quarter in 2024 [1] Financial Performance - The company achieved a turnaround in financial performance, moving from a loss to profitability year-over-year [1] - The improvement in earnings per share indicates a positive shift in the company's financial health [1]

Group 1 - Rhinebeck Bancorp, Inc. has appointed Matthew J. Smith as President and Chief Executive Officer [1] - The appointment is effective from October 20, 2025 [1] - Rhinebeck Bancorp, Inc. is the holding company of Rhinebeck Bank [1]

Table of Contents United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 001-38779 Rhinebeck Bancorp, Inc. (Exact name of registrant as specified in its charter) Maryland 83-2117268 (State or other juri ...

The increase in net income for the quarter ended June 30, 2025 as compared to the quarter ended June 30, 2024 was primarily due to increases in net interest income and a decrease in the provision for credit losses, partially offset by an increase non-interest expense. The Company's return on average assets and return on average equity were 0.88% and 8.57% for the second quarter of 2025, respectively, as compared to 0.31% and 3.43% for the second quarter of 2024, respectively. The increase in net income for ...

Table of Contents United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 001-38779 Rhinebeck Bancorp, Inc. (Exact name of registrant as specified in its charter) Maryland 83-2117268 (State or other jur ...

[Rhinebeck Bancorp, Inc. Q1 2025 Earnings Report](index=1&type=section&id=Rhinebeck%20Bancorp%2C%20Inc.%20Reports%20Results%20for%20the%20Quarter%20Ended%20March%2031%2C%202025) [Financial Performance Summary](index=1&type=section&id=Financial%20Performance%20Summary) Rhinebeck Bancorp's Q1 2025 net income more than doubled to $2.3 million, reflecting improved margins from a late 2024 balance sheet restructuring Q1 2025 vs. Q1 2024 Key Financial Metrics | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | Net Income | $2.3 million | $1.1 million | +104.1% | | Diluted EPS | $0.21 | $0.10 | +110.0% | | Return on Average Assets (ROA) | 0.73% | 0.34% | +114.7% | | Return on Average Equity (ROE) | 7.49% | 3.92% | +91.1% | | Net Interest Margin | 3.79% | 2.90% | +89 bps | | Interest Rate Spread | 3.13% | 2.19% | +94 bps | - The CEO attributed the **strong performance** to a **balance sheet restructuring** executed in the second half of 2024, which capitalized on the interest rate environment to **improve margins and profitability**[3](index=3&type=chunk) [Income Statement Analysis](index=1&type=section&id=Income%20Statement%20Analysis) Net interest income grew 25.2% to $11.0 million in Q1 2025, offset by a 325.3% increase in credit loss provision and higher non-interest expenses - Net interest income increased by **$2.2 million** (25.2%) YoY, primarily due to a **94 basis point improvement** in the interest rate spread to **3.13%** and an **89 basis point increase** in net interest margin to **3.79%**[4](index=4&type=chunk)[5](index=5&type=chunk) - The provision for credit losses on loans rose by **$270,000** to **$353,000**, mainly due to increased loan production and a **$260,000 increase** in net charge-offs, particularly in indirect automobile and commercial loans[6](index=6&type=chunk) - Non-interest income increased by **$161,000** (10.1%), driven by a **$166,000 rise** in swap income, partially offset by a decline in investment advisory income[8](index=8&type=chunk) - Non-interest expense grew by **$631,000** (7.1%) to **$9.5 million**, with increases across salaries, marketing (up **65.3%** for new deposit product promotions), and other operational categories[9](index=9&type=chunk) [Balance Sheet Analysis](index=3&type=section&id=Balance%20Sheet%20Analysis) Total assets remained stable at $1.26 billion, with loan growth in real estate, a $4.0 million decrease in liabilities, and a $4.1 million rise in stockholders' equity Balance Sheet Changes (Mar 31, 2025 vs. Dec 31, 2024) | Account | Mar 31, 2025 | Change from Dec 31, 2024 | Key Driver | | :--- | :--- | :--- | :--- | | Total Assets | $1.26 billion | +$159,000 | Stable | | Net Loans Receivable | $976.5 million | +$4.7 million | Growth in commercial/residential real estate, offset by decline in auto loans | | Total Liabilities | $1.13 billion | -$4.0 million | $15.9M reduction in borrowings | | Total Deposits | $1.03 billion | +$13.5 million | Growth in interest-bearing accounts | | Stockholders' Equity | $126.0 million | +$4.1 million | Net income and reduced AOCI loss | - The company is strategically reducing its exposure to indirect automobile loans, which declined by **$17.7 million** during the quarter[10](index=10&type=chunk) - Uninsured deposits constituted **27.8%** of total deposits, a slight increase from **26.9%** at the end of 2024[12](index=12&type=chunk) [Asset Quality](index=3&type=section&id=Asset%20Quality) Asset quality improved with non-performing assets decreasing 15.0% to $3.5 million and overdue loans declining to 1.38% Asset Quality Indicators | Metric | Mar 31, 2025 | Dec 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Non-performing assets | $3.5 million | $4.1 million | -15.0% | | Past due loans to total loans | 1.38% | 1.71% | -33 bps | | Allowance for credit losses to non-performing loans | 239.35% | 206.56% | +32.79 p.p. | | Allowance for credit losses to total loans | 0.86% | 0.88% | -2 bps | - The decrease in past due loans was most notable in the indirect automobile loan portfolio, reflecting the positive impact of more conservative underwriting standards[11](index=11&type=chunk) [Consolidated Financial Statements (Unaudited)](index=6&type=section&id=Consolidated%20Financial%20Statements%20%28Unaudited%29) Unaudited financial statements confirm growth in net interest income and net income, stable assets, and improved net interest margin Consolidated Income Statement Highlights (Unaudited, in thousands) | Line Item | Q1 2025 (in thousands) | Q1 2024 (in thousands) | | :--- | :--- | :--- | | Net Interest Income | $11,037 | $8,812 | | Provision for Credit Losses | $353 | $83 | | Total Non-interest Income | $1,751 | $1,590 | | Total Non-interest Expense | $9,508 | $8,877 | | **Net Income** | **$2,288** | **$1,121** | Consolidated Balance Sheet Highlights (Unaudited, in thousands) | Line Item | Mar 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | | :--- | :--- | :--- | | Total Assets | $1,255,924 | $1,255,765 | | Loans Receivable, Net | $976,502 | $971,779 | | Total Deposits | $1,034,241 | $1,020,783 | | Total Liabilities | $1,129,949 | $1,133,932 | | **Total Stockholders' Equity** | **$125,975** | **$121,833** | Selected Ratios (Annualized) | Ratio | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Return on average assets | 0.73% | 0.34% | | Return on average equity | 7.49% | 3.92% | | Tier 1 leverage ratio (Bank only) | 10.17% | 10.28% | | Book value per common share | $11.35 | $10.32 | [Other Information](index=5&type=section&id=Other%20Information) This section includes corporate information, forward-looking statements disclaimer, and reconciliation of non-GAAP measures - Rhinebeck Bancorp, Inc. is the holding company for Rhinebeck Bank, which provides banking and financial services through thirteen branches and two representative offices in Dutchess, Ulster, Orange, and Albany counties in New York[14](index=14&type=chunk) - The report includes a forward-looking statements disclaimer, highlighting risks such as competitive pressures, interest rate changes, and economic conditions that could affect future results[15](index=15&type=chunk) Non-GAAP Reconciliation: Tangible Book Value Per Share | Metric | Mar 31, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Book value per common share (GAAP) | $11.35 | $10.98 | | Less: Goodwill and Intangibles per share | ($0.21) | ($0.22) | | **Tangible book value per common share (Non-GAAP)** | **$11.14** | **$10.76** |