Rhinebeck Bancorp, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 12, 2026, reporting unaudited financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Total assets: The company reported total assets of $1,511,207 thousand at September 30, 2026, up from $1,301,766 thousand at December 31, 2025.
  • Net income: Net income for the three months ended September 30, 2026 was $3,152 thousand, compared with $2,695 thousand for the same period in 2025.
  • Nine-month net income: Net income for the nine months ended September 30, 2026 was $7,984 thousand, compared with $7,709 thousand for the nine months ended September 30, 2025.
  • Earnings per share: Basic earnings per common share were $0.21 for Q3 2026 and $0.53 for the nine months ended September 30, 2026, according to the filing.
  • Total deposits: Total deposits stood at $1,244,384 thousand at September 30, 2026, up from $1,097,340 thousand at December 31, 2025.
  • Conversion event: The filing references a Conversion completed on July 21, 2026, with an exchange ratio of 1.3978 to 1 applied retroactively to share and per share amounts for prior periods.
  • Shares outstanding: As of November 1, 2026, there were 15,635,966 shares of common stock outstanding.

Rhinebeck Bancorp Financial Condition and Income: September 30, 2026

According to the filing, Rhinebeck Bancorp, Inc. (NASDAQ:RBKB), headquartered at 2 Jefferson Plaza, Poughkeepsie, New York, reported total assets of $1,511,207 thousand at September 30, 2026, an increase from $1,301,766 thousand at December 31, 2025. The growth was reflected across several balance sheet categories, including available-for-sale securities, which rose to $281,639 thousand from $162,203 thousand, and total cash and cash equivalents, which increased to $201,328 thousand from $101,986 thousand.

The company reported net interest income of $13,008 thousand for the three months ended September 30, 2026, compared with $12,035 thousand for the same period in 2025. For the nine months ended September 30, 2026, net interest income was $35,834 thousand versus $34,564 thousand in the prior-year period. Total non-interest expense for the three-month period was $10,306 thousand, up from $9,727 thousand in Q3 2025, with salaries and employee benefits representing the largest component at $5,784 thousand. Net income before income taxes for the three months ended September 30, 2026 was $3,990 thousand, and the net provision for income taxes was $838 thousand.

On the balance sheet, loans receivable, net of allowance for credit losses of $8,135 thousand, were $944,482 thousand at September 30, 2026, compared with $953,385 thousand (net of allowance of $8,353 thousand) at December 31, 2025. Total stockholders' equity grew to $220,839 thousand from $136,852 thousand at December 31, 2025, with additional paid-in capital rising to $130,702 thousand from $45,666 thousand. The filing notes that share amounts for periods prior to the Conversion date of July 21, 2026 have been adjusted to reflect the exchange ratio of 1.3978 to 1.

What Was Disclosed

Rhinebeck Bancorp filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing balance sheet growth in total assets, deposits, and stockholders' equity, as well as improved net income compared to the same periods in 2025, and a Conversion event completed July 21, 2026.