Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended March 31, 2026
Rhea-AI Summary
Rhinebeck Bancorp (NASDAQ:RBKB) reported net income of $2.2 million for Q1 2026, a 3.1% decline versus Q1 2025. Net interest income was $11.19 million and net interest margin was 3.77%. Provision for credit losses fell to $71,000; non-interest income declined and non-interest expense rose modestly.
Total assets were $1.285 billion, deposits were $1.103 billion, and stockholders' equity was $138.6 million at March 31, 2026.
Positive
- Net interest income +$157,000 (1.4%)
- Net interest margin of 3.77%
- Provision for credit losses down $282,000 (79.9%)
- Total deposits increased to $1.103 billion
- Stockholders' equity rose to $138.6 million
Negative
- Net income down $72,000 (3.1%)
- Non-interest income down $285,000 (16.3%)
- Non-interest expense up $230,000 (2.4%)
- Loans receivable decreased $16.6 million (1.7%)
News Market Reaction – RBKB
On the day this news was published, RBKB gained 4.70%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
RBKB was up 1.36% pre-news. Peers showed mixed, mostly modest moves: EBMT +0.69%, RMBI +0.68%, BCBP +0.45%, while FCAP -0.06% and LARK -1.85%. Momentum scans flagged only MGYR (+1.77%), suggesting RBKB’s move was more stock-specific than a broad sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 13 | Management appointment | Positive | -0.1% | Appointed new EVP, Head of Commercial Banking to drive commercial growth. |
| Mar 26 | Tech partnership | Positive | +0.8% | Partnered with MANTL to modernize digital and branch account opening. |
| Feb 10 | Conversion plan | Positive | +23.8% | Announced second-step mutual holding company conversion and stock offering plan. |
| Jan 29 | Earnings release | Positive | -2.2% | Reported strong FY2025 profit rebound and margin improvement versus FY2024 loss. |
| Dec 19 | Board retirement | Neutral | -2.2% | Long-tenured director retired from board after over four decades of service. |
RBKB has reacted strongly to structural/capital events, such as the second-step conversion announcement, while routine earnings and management/news items have produced modest or even negative next-day moves.
Over the last six months, RBKB has highlighted balance sheet strengthening, profitability recovery, and a planned second-step conversion. On Jan 29, 2026, it reported FY2025 net income of $10.0M after a prior-year loss, yet shares fell modestly. The Feb 10, 2026 conversion announcement drove a sharp 23.81% gain, underscoring investor focus on restructuring. Subsequent news on the MHC conversion and digital/management initiatives (Q3 2025 profit, MANTL partnership, new commercial banking head) shows a strategy of earnings stabilization and franchise investment that frames today’s Q1 2026 results.
Market Pulse Summary
This announcement details a steady but slightly softer Q1 2026, with net income of $2.2M, EPS of $0.20, and net interest margin of 3.77%. Credit quality remained strong, with non-performing assets at $3.5M and a sharply reduced provision for credit losses of $71,000. Non-interest income declined and expenses rose, pressuring returns. In recent months, investors have also tracked the planned second-step conversion and capital structure changes, so future updates on execution, loan growth, and deposit mix will be key metrics to monitor.
Key Terms
net interest income financial
net interest margin financial
provision for credit losses financial
net charge-offs financial
non-performing assets financial
allowance for credit losses financial
Federal Home Loan Bank advances financial
Community Reinvestment Act regulatory
AI-generated analysis. Not financial advice.
POUGHKEEPSIE, NY / ACCESS Newswire / April 23, 2026 / Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ:RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported net income for the three months ended March 31, 2026 of
The decrease in net income for the quarter ended March 31, 2026 as compared to the quarter ended March 31, 2025 was primarily due to a decrease in non-interest income and an increase in non-interest expense, offset by a decrease in the provision for credit losses and an increase in net interest income. The Company's return on average assets and return on average equity were
President and Chief Executive Officer Matthew Smith said, "We delivered a solid first quarter, with results demonstrating continued earnings stability. Return on average assets was
Income Statement Analysis
Net interest income increased
For the three months ended March 31, 2026, when compared to the three months ended March 31, 2025, the average yield declined by 12 basis points to
The provision for credit losses on loans decreased by
Non-interest income totaled
For the first quarter of 2026, non-interest expense totaled
Balance Sheet Analysis
Total assets decreased by
Past due loans decreased
Total liabilities decreased by
Stockholders' equity increased
About Rhinebeck Bancorp
Rhinebeck Bancorp, Inc. is a Maryland corporation organized as the mid-tier holding company of Rhinebeck Bank and is the majority-owned subsidiary of Rhinebeck Bancorp, MHC. The Bank is a New York chartered stock savings bank, which provides a full range of banking and financial services to consumer and commercial customers through its thirteen branches and two representative offices located in Dutchess, Ulster, Orange, and Albany counties in New York State. Financial services including comprehensive brokerage, investment advisory services, financial product sales and employee benefits are offered through Rhinebeck Asset Management, a division of the Bank.
Forward Looking Statements
This press release contains certain forward-looking statements about the Company and the Bank. Forward-looking statements include statements regarding anticipated future events or results and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe", "expect", "anticipate", "estimate", "intend", "predict", "forecast", "improve", "continue", "will", "would", "should", "could", or "may". Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, inflation, changes in the interest rate environment, fluctuations in real estate values, general economic conditions or conditions within the securities markets, potential recessionary conditions, the imposition of tariffs or other domestic or international governmental policies and potential retaliatory responses, the impact of any federal government shutdown, changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio, our ability to access cost-effective funding, changes in asset quality, loan sale volumes, charge-offs and credit loss provisions, changes in economic assumptions that may impact our allowance for credit losses calculation, changes in demand for our products and services, legislative, accounting, tax and regulatory changes, including changes in the monetary and fiscal policies of the Board of Governors of the Federal Reserve System, the effect of our rating under the Community Reinvestment Act, political developments, uncertainties or instability, catastrophic events, acts of war or terrorism, natural disasters, such as earthquakes, drought, pandemics, extreme weather events, or a breach of our operational or security systems or infrastructure, including cyberattacks that could adversely affect the Company's or the Bank's financial condition and results of operations and the business in which the Company and the Bank are engaged.
Accordingly, you should not place undue reliance on forward-looking statements. Rhinebeck Bancorp, Inc. undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.
The Company's summary consolidated statements of income and financial condition and other selected financial data follow:
Rhinebeck Bancorp, Inc. and Subsidiary
Consolidated Statements of Income (Unaudited)
(In thousands, except share and per share data)
|
| Three Months Ended March 31, |
| |||||
|
| 2026 |
|
| 2025 |
| ||
Interest and Dividend Income |
|
|
|
|
|
| ||
Interest and fees on loans |
| $ | 14,338 |
|
| $ | 15,008 |
|
Interest and dividends on securities |
|
| 1,412 |
|
|
| 1,351 |
|
Other interest income |
|
| 861 |
|
|
| 279 |
|
Total interest and dividend income |
|
| 16,611 |
|
|
| 16,638 |
|
Interest Expense |
|
|
|
|
|
|
|
|
Interest expense on deposits |
|
| 5,173 |
|
|
| 4,762 |
|
Interest expense on borrowings |
|
| 244 |
|
|
| 839 |
|
Total interest expense |
|
| 5,417 |
|
|
| 5,601 |
|
Net interest income |
|
| 11,194 |
|
|
| 11,037 |
|
Provision for Credit Losses |
|
| 71 |
|
|
| 353 |
|
Net interest income after provision for credit losses |
|
| 11,123 |
|
|
| 10,684 |
|
Non-interest Income |
|
|
|
|
|
|
|
|
Service charges on deposit accounts |
|
| 764 |
|
|
| 773 |
|
Net gain on sales of loans |
|
| 10 |
|
|
| 38 |
|
Increase in cash surrender value of life insurance |
|
| 198 |
|
|
| 188 |
|
Net gain on disposal of premises and equipment |
|
| 7 |
|
|
| - |
|
Investment advisory income |
|
| 303 |
|
|
| 336 |
|
Other |
|
| 184 |
|
|
| 416 |
|
Total non-interest income |
|
| 1,466 |
|
|
| 1,751 |
|
Non-interest Expense |
|
|
|
|
|
|
|
|
Salaries and employee benefits |
|
| 5,533 |
|
|
| 5,134 |
|
Occupancy |
|
| 1,223 |
|
|
| 1,071 |
|
Data processing |
|
| 609 |
|
|
| 525 |
|
Professional fees |
|
| 393 |
|
|
| 477 |
|
Marketing |
|
| 145 |
|
|
| 200 |
|
FDIC deposit insurance and other insurance |
|
| 219 |
|
|
| 297 |
|
Amortization of intangible assets |
|
| 7 |
|
|
| 20 |
|
Other |
|
| 1,609 |
|
|
| 1,784 |
|
Total non-interest expense |
|
| 9,738 |
|
|
| 9,508 |
|
Net income before income taxes |
|
| 2,851 |
|
|
| 2,927 |
|
Net Provision for Income Taxes |
|
| 635 |
|
|
| 639 |
|
Net income |
| $ | 2,216 |
|
| $ | 2,288 |
|
|
|
|
|
|
|
|
|
|
Earnings per common share: |
|
|
|
|
|
|
|
|
Basic |
| $ | 0.20 |
|
| $ | 0.21 |
|
Diluted |
| $ | 0.20 |
|
| $ | 0.21 |
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding, basic |
|
| 10,843,195 |
|
|
| 10,777,044 |
|
Weighted average shares outstanding, diluted |
|
| 10,983,362 |
|
|
| 10,923,364 |
|
Rhinebeck Bancorp, Inc. and Subsidiary
Consolidated Statements of Financial Condition (Unaudited)
(In thousands, except share and per share data)
|
| March 31, |
|
| December 31, |
| ||
|
| 2026 |
|
| 2025 |
| ||
Assets |
|
|
|
|
|
| ||
Cash and due from banks |
| $ | 17,593 |
|
| $ | 15,893 |
|
Federal funds sold |
|
| 92,125 |
|
|
| 83,157 |
|
Interest-bearing depository accounts |
|
| 3,186 |
|
|
| 2,936 |
|
Total cash and cash equivalents |
|
| 112,904 |
|
|
| 101,986 |
|
|
|
|
|
|
|
|
|
|
Available-for-sale securities (at fair value) |
|
| 156,160 |
|
|
| 162,203 |
|
Loans receivable (net of allowance for credit losses of |
|
| 936,751 |
|
|
| 953,385 |
|
Federal Home Loan Bank stock |
|
| 1,057 |
|
|
| 1,957 |
|
Accrued interest receivable |
|
| 4,708 |
|
|
| 4,882 |
|
Cash surrender value of life insurance |
|
| 31,193 |
|
|
| 30,996 |
|
Deferred tax assets (net of valuation allowance of |
|
| 4,551 |
|
|
| 4,941 |
|
Premises and equipment, net |
|
| 13,480 |
|
|
| 13,621 |
|
Goodwill |
|
| 2,235 |
|
|
| 2,235 |
|
Intangible assets, net |
|
| 99 |
|
|
| 106 |
|
Other assets |
|
| 21,729 |
|
|
| 25,454 |
|
Total assets |
| $ | 1,284,867 |
|
| $ | 1,301,766 |
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
Deposits |
|
|
|
|
|
|
|
|
Non-interest bearing |
| $ | 225,671 |
|
| $ | 227,272 |
|
Interest bearing |
|
| 877,821 |
|
|
| 870,068 |
|
Total deposits |
|
| 1,103,492 |
|
|
| 1,097,340 |
|
|
|
|
|
|
|
|
|
|
Mortgagors' escrow accounts |
|
| 7,890 |
|
|
| 9,399 |
|
Advances from the Federal Home Loan Bank |
|
| 5,153 |
|
|
| 25,153 |
|
Subordinated debt |
|
| 5,155 |
|
|
| 5,155 |
|
Accrued expenses and other liabilities |
|
| 24,535 |
|
|
| 27,867 |
|
Total liabilities |
|
| 1,146,225 |
|
|
| 1,164,914 |
|
|
|
|
|
|
|
|
|
|
Stockholders' Equity |
|
|
|
|
|
|
|
|
Preferred stock (par value |
|
| - |
|
|
| - |
|
Common stock (par value |
|
| 112 |
|
|
| 112 |
|
Additional paid-in capital |
|
| 45,679 |
|
|
| 45,710 |
|
Unearned common stock held by the employee stock ownership plan |
|
| (2,782 | ) |
|
| (2,837 | ) |
Retained earnings |
|
| 103,963 |
|
|
| 101,797 |
|
Accumulated other comprehensive loss: |
|
|
|
|
|
|
|
|
Net unrealized loss on available-for-sale securities, net of taxes |
|
| (6,655 | ) |
|
| (6,255 | ) |
Defined benefit pension plan, net of taxes |
|
| (1,675 | ) |
|
| (1,675 | ) |
Total accumulated other comprehensive loss |
|
| (8,330 | ) |
|
| (7,930 | ) |
Total stockholders' equity |
|
| 138,642 |
|
|
| 136,852 |
|
Total liabilities and stockholders' equity |
| $ | 1,284,867 |
|
| $ | 1,301,766 |
|
Rhinebeck Bancorp, Inc. and Subsidiary
Average Balance Sheet (Unaudited)
(Dollars in thousands)
|
| For the Three Months Ended March 31, |
| |||||||||||||||||||||
|
| 2026 |
|
| 2025 |
| ||||||||||||||||||
|
| Average |
|
| Interest and |
|
|
|
|
| Average |
|
| Interest and |
|
|
|
| ||||||
|
| Balance |
|
| Dividends |
|
| Yield/Cost(3) |
|
| Balance |
|
| Dividends |
|
| Yield/Cost(3) |
| ||||||
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Interest-bearing depository accounts and federal funds sold |
| $ | 91,651 |
|
| $ | 861 |
|
|
| 3.81 | % |
| $ | 28,428 |
|
| $ | 279 |
|
|
| 3.98 | % |
Loans(1) |
|
| 950,001 |
|
|
| 14,338 |
|
|
| 6.12 | % |
|
| 992,023 |
|
|
| 15,008 |
|
|
| 6.14 | % |
Available-for-sale securities |
|
| 160,915 |
|
|
| 1,374 |
|
|
| 3.46 | % |
|
| 157,219 |
|
|
| 1,261 |
|
|
| 3.25 | % |
Other interest-earning assets |
|
| 2,053 |
|
|
| 38 |
|
|
| 7.51 | % |
|
| 4,349 |
|
|
| 90 |
|
|
| 8.39 | % |
Total interest-earning assets |
|
| 1,204,620 |
|
|
| 16,611 |
|
|
| 5.59 | % |
|
| 1,182,019 |
|
|
| 16,638 |
|
|
| 5.71 | % |
Non-interest-earning assets |
|
| 88,085 |
|
|
|
|
|
|
|
|
|
|
| 87,097 |
|
|
|
|
|
|
|
|
|
Total assets |
| $ | 1,292,705 |
|
|
|
|
|
|
|
|
|
| $ | 1,269,116 |
|
|
|
|
|
|
|
|
|
Liabilities and equity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOW accounts |
| $ | 122,879 |
|
| $ | 72 |
|
|
| 0.24 | % |
| $ | 126,085 |
|
| $ | 53 |
|
|
| 0.17 | % |
Money market accounts |
|
| 233,086 |
|
|
| 1,458 |
|
|
| 2.54 | % |
|
| 206,019 |
|
|
| 1,235 |
|
|
| 2.43 | % |
Savings accounts |
|
| 129,399 |
|
|
| 130 |
|
|
| 0.41 | % |
|
| 132,949 |
|
|
| 124 |
|
|
| 0.38 | % |
Certificates of deposit |
|
| 378,093 |
|
|
| 3,493 |
|
|
| 3.75 | % |
|
| 329,337 |
|
|
| 3,330 |
|
|
| 4.10 | % |
Total interest-bearing deposits |
|
| 863,457 |
|
|
| 5,153 |
|
|
| 2.42 | % |
|
| 794,390 |
|
|
| 4,742 |
|
|
| 2.42 | % |
Escrow accounts |
|
| 7,357 |
|
|
| 20 |
|
|
| 1.10 | % |
|
| 7,575 |
|
|
| 21 |
|
|
| 1.12 | % |
Federal Home Loan Bank advances |
|
| 23,782 |
|
|
| 164 |
|
|
| 2.80 | % |
|
| 74,963 |
|
|
| 752 |
|
|
| 4.07 | % |
Subordinated debt |
|
| 5,155 |
|
|
| 80 |
|
|
| 6.29 | % |
|
| 5,155 |
|
|
| 86 |
|
|
| 6.77 | % |
Total other interest-bearing liabilities |
|
| 36,294 |
|
|
| 264 |
|
|
| 2.95 | % |
|
| 87,693 |
|
|
| 859 |
|
|
| 3.97 | % |
Total interest-bearing liabilities |
|
| 899,751 |
|
|
| 5,417 |
|
|
| 2.44 | % |
|
| 882,083 |
|
|
| 5,601 |
|
|
| 2.58 | % |
Non-interest-bearing deposits |
|
| 227,211 |
|
|
|
|
|
|
|
|
|
|
| 234,295 |
|
|
|
|
|
|
|
|
|
Other non-interest-bearing liabilities |
|
| 27,545 |
|
|
|
|
|
|
|
|
|
|
| 28,802 |
|
|
|
|
|
|
|
|
|
Total liabilities |
|
| 1,154,507 |
|
|
|
|
|
|
|
|
|
|
| 1,145,180 |
|
|
|
|
|
|
|
|
|
Total stockholders' equity |
|
| 138,198 |
|
|
|
|
|
|
|
|
|
|
| 123,936 |
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders' equity |
| $ | 1,292,705 |
|
|
|
|
|
|
|
|
|
| $ | 1,269,116 |
|
|
|
|
|
|
|
|
|
Net interest income |
|
|
|
|
| $ | 11,194 |
|
|
|
|
|
|
|
|
|
| $ | 11,037 |
|
|
|
|
|
Interest rate spread |
|
|
|
|
|
|
|
|
|
| 3.15 | % |
|
|
|
|
|
|
|
|
|
| 3.13 | % |
Net interest margin(2) |
|
|
|
|
|
|
|
|
|
| 3.77 | % |
|
|
|
|
|
|
|
|
|
| 3.79 | % |
Average interest-earning assets to average interest-bearing liabilities |
|
|
|
|
|
|
|
|
|
| 133.88 | % |
|
|
|
|
|
|
|
|
|
| 134.00 | % |
(1) Non-accruing loans are included in the outstanding loan balance. Deferred loan fees included in interest income totaled
(2) Represents the difference between interest earned and interest paid, divided by average total interest-earning assets.
(3) Annualized.
Rhinebeck Bancorp, Inc. and Subsidiary
Selected Ratios (Unaudited)
|
| Three Months Ended |
|
| Year Ended |
| ||||||
|
| March 31, |
|
| December 31, |
| ||||||
|
| 2026 |
|
| 2025 |
|
| 2025 |
| |||
Performance Ratios (1): |
|
|
|
|
|
| ||||||
Return on average assets (2) |
|
| 0.70 | % |
|
| 0.73 | % |
|
| 0.78 | % |
Return on average equity (3) |
|
| 6.50 | % |
|
| 7.49 | % |
|
| 7.77 | % |
Net interest margin (4) |
|
| 3.77 | % |
|
| 3.79 | % |
|
| 3.89 | % |
Efficiency ratio |
|
| 76.92 | % |
|
| 74.35 | % |
|
| 73.12 | % |
Average interest-earning assets to average interest-bearing liabilities |
|
| 133.88 | % |
|
| 134.00 | % |
|
| 134.72 | % |
Total gross loans to total deposits |
|
| 85.31 | % |
|
| 94.75 | % |
|
| 87.32 | % |
Average equity to average assets (5) |
|
| 10.69 | % |
|
| 9.77 | % |
|
| 10.09 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Quality Ratios: |
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit losses on loans as a percent of total gross loans |
|
| 0.84 | % |
|
| 0.86 | % |
|
| 0.87 | % |
Allowance for credit losses on loans as a percent of non-performing loans |
|
| 227.65 | % |
|
| 239.35 | % |
|
| 225.76 | % |
Net charge-offs to average outstanding loans during the period (1) |
|
| 0.23 | % |
|
| 0.21 | % |
|
| 0.20 | % |
Non-performing loans as a percent of total gross loans |
|
| 0.37 | % |
|
| 0.36 | % |
|
| 0.39 | % |
Non-performing assets as a percent of total assets |
|
| 0.27 | % |
|
| 0.28 | % |
|
| 0.28 | % |
|
|
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Capital Ratios (6): |
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Tier 1 capital (to risk-weighted assets) |
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| 14.15 | % |
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| 12.10 | % |
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| 13.57 | % |
Total capital (to risk-weighted assets) |
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| 14.95 | % |
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| 12.91 | % |
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| 14.40 | % |
Common equity Tier 1 capital (to risk-weighted assets) |
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| 14.15 | % |
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| 12.10 | % |
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| 13.57 | % |
Tier 1 leverage ratio (to average total assets) |
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| 10.94 | % |
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| 10.17 | % |
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| 10.62 | % |
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Other Data: |
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Book value per common share |
| $ | 12.43 |
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| $ | 11.35 |
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| $ | 12.28 |
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Tangible book value per common share(7) |
| $ | 12.22 |
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| $ | 11.14 |
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| $ | 12.07 |
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(1) Ratios for the three month periods ended March 31, 2026 and 2025 are annualized.
(2) Represents net income divided by average total assets.
(3) Represents net income divided by average equity.
(4) Represents net interest income as a percent of average interest-earning assets.
(5) Represents average equity divided by average total assets.
(6) Capital ratios are for Rhinebeck Bank only. Rhinebeck Bancorp, Inc. is not subject to the minimum consolidated capital requirements as a small bank holding company with assets of less than
(7) Represents a non-GAAP financial measure, see table below for a reconciliation of the non-GAAP financial measures.
NON-GAAP FINANCIAL INFORMATION
This release contains financial information determined by methods other than in accordance with generally accepted accounting principles ("GAAP"). Such non-GAAP financial information includes the following measure: "tangible book value per common share". Management uses this non-GAAP measure because we believe that it may provide useful supplemental information for evaluating our operations and performance, as well as in managing and evaluating our business and in discussions about our operations and performance. Management believes this non-GAAP measure may also provide users of our financial information with a meaningful measure for assessing our financial results, as well as a comparison to financial results for prior periods. This non-GAAP measure should be viewed in addition to, and not as an alternative to or substitute for, measures determined in accordance with GAAP and are not necessarily comparable to other similarly titled measures used by other companies. To the extent applicable, reconciliations of these non-GAAP measures to the most directly comparable measures as reported in accordance with GAAP are included below.
(In thousands, except per share data) |
| March 31, |
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| December 31, |
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| 2026 |
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| 2025 |
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| 2025 |
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Book value per common share |
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Total shareholders' equity (book value) (GAAP) |
| $ | 138,642 |
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| $ | 125,975 |
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| $ | 136,852 |
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Total shares outstanding |
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| 11,153 |
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| 11,095 |
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| 11,141 |
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Book value per common share |
| $ | 12.43 |
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| $ | 11.35 |
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| $ | 12.28 |
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Tangible common equity |
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Total shareholders' equity (book value) (GAAP) |
| $ | 138,642 |
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| $ | 125,975 |
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| $ | 136,852 |
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Goodwill |
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| (2,235 | ) |
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| (2,235 | ) |
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| (2,235 | ) |
Intangible assets, net |
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| (99 | ) |
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| (146 | ) |
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| (106 | ) |
Tangible common equity (non-GAAP) |
| $ | 136,308 |
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| $ | 123,594 |
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| $ | 134,511 |
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Tangible book value per common share |
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Tangible common equity (non-GAAP) |
| $ | 136,308 |
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| $ | 123,594 |
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| $ | 134,511 |
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Total shares outstanding |
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| 11,153 |
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| 11,095 |
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| 11,141 |
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Tangible book value per common share (non-GAAP) |
| $ | 12.22 |
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| $ | 11.14 |
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| $ | 12.07 |
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Contact Information
Matthew Smith
President & CEO
msmith@rhinebeckbank.com
845-790-1501
SOURCE: Rhinebeck Bancorp
View the original press release on ACCESS Newswire