Rhinebeck Bancorp, Inc.

Rhinebeck Bancorp, Inc. reported net income of $10.0 million for FY 2025, a significant improvement from a net loss of $8.6 million in FY 2024. This $18.7 million increase was primarily driven by a $16.0 million reduction in non-interest loss (from a $9.0 million loss to $7.0 million income), largely due to a $16.0 million securities sale loss in 2024, alongside an $8.7 million (23.1%) increase in net interest income to $46.4 million. Key drivers included higher asset yields, lower funding costs, and a $1.1 million (40.8%) decrease in the provision for credit losses to $1.7 million. Total assets grew 3.7% to $1.30 billion, with a $64.5 million increase in cash and cash equivalents offsetting an $18.4 million decrease in net loans. The company's strategic shift towards commercial lending continued, with commercial real estate and business loans comprising 65.4% of the loan portfolio. Capital ratios remained strong, with total capital to risk-weighted assets at 14.40%.

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