Rhinebeck Bancorp, Inc. (RBKB) Financial Statements (2024 and earlier)

Company Profile

Business Address 2 JEFFERSON PLAZA
POUGHKEEPSIE, NY 12601
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,70126,45116,81528,11039,92267,365
Cash and cash equivalents15,70126,45116,81528,11039,92267,365
Financing receivable, accrued interest, after allowance for credit loss2,538     
Total current assets:18,23926,45116,81528,11039,92267,365
Noncurrent Assets
Operating lease, right-of-use asset6,6036,7506,8967,3457,5127,677
Property, plant and equipment18,19718,41718,72218,85819,06719,382
Intangible assets, net (including goodwill)2,5242,5452,5692,5932,6172,641
Goodwill2,2352,2352,2352,2352,2352,235
Intangible assets, net (excluding goodwill)289310334358382406
Deferred income tax assets10,7469,87910,13110,2567,9626,302
Total noncurrent assets:38,07037,59138,31839,05237,15836,002
Other undisclosed assets1,280,8371,287,3441,280,8441,225,5211,215,7301,178,117
TOTAL ASSETS:1,337,1461,351,3861,335,9771,292,6831,292,8101,281,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,229,6831,240,6691,227,8451,185,8811,179,4691,164,191
Total liabilities:1,229,6831,240,6691,227,8451,185,8811,179,4691,164,191
Equity
Equity, attributable to parent107,463110,717108,132106,802113,341117,293
Common stock111113113113113113
Additional paid in capital45,97647,22047,07546,92246,88146,729
Accumulated other comprehensive loss(33,462)(29,968)(32,189)(32,503)(23,761)(17,574)
Retained earnings98,22096,78996,62495,81693,70991,680
Unearned esop shares(3,382)(3,437)(3,491)(3,546)(3,601)(3,655)
Total equity:107,463110,717108,132106,802113,341117,293
TOTAL LIABILITIES AND EQUITY:1,337,1461,351,3861,335,9771,292,6831,292,8101,281,484

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues13,76313,59412,34611,69010,90210,500
Net investment income13,71113,58412,32211,55110,77110,100
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
      (221)
Gross profit:13,76313,59412,34611,69010,90210,279
Operating expenses(2,354)(2,028)(2,398)(2,159)(2,359)(2,122)
Other operating income, net
(Noninterest Income, Other Operating Income)
171172143145142108
Operating income:11,58011,73810,0919,6768,6858,265
Nonoperating income
(Bank Owned Life Insurance Income)
164160159163161157
Interest and debt expense(5,639)(4,738)(3,568)(1,456)(872)(860)
Income from continuing operations before equity method investments, income taxes:6,1057,1606,6828,3837,9747,562
Other undisclosed loss from continuing operations before income taxes(4,284)(6,137)(5,526)(5,681)(5,435)(5,063)
Income from continuing operations before income taxes:1,8211,0231,1562,7022,5392,499
Income tax expense(390)(225)(348)(595)(510)(446)
Income from continuing operations:1,4317988082,1072,0292,053
Income before gain (loss) on sale of properties:2,1072,0292,053
Net income available to common stockholders, diluted:1,4317988082,1072,0292,053

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:1,4317988082,1072,0292,053
Other comprehensive income (loss)(3,494)2,221314(8,742)(6,187)(10,939)
Comprehensive income (loss), net of tax, attributable to parent:(2,063)3,0191,122(6,635)(4,158)(8,886)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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