Rhinebeck Bancorp Q1 net income slips 4.35% to $2.2 million

• Rhinebeck Bancorp posted net income of $2.2 million for first-quarter 2026, down from $2.3 million a year earlier; diluted EPS slipped to $0.20 from $0.21.
• Net interest income rose 1.4% to $11.2 million, while net interest margin narrowed 2 basis points to 3.77%.
• Provision for credit losses fell 79.9% to $71,000, while net charge-offs increased to $548,000.
• Non-interest income dropped 16.3% to $1.5 million, while non-interest expense increased 2.4% to $9.7 million.
• Total assets declined 1.3% to $1.28 billion at March 31, 2026 as loans fell 1.7% to $936.8 million, while deposits edged up 0.6% to $1.10 billion and FHLB advances plunged 79.5% to $5.2 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rhinebeck Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001751783-26-000018), on May 14, 2026, and is solely responsible for the information contained therein.