Rhinebeck Bancorp third-quarter net income rises 17% to $3.2 million
RBKB•Rhinebeck Bancorp’s third-quarter 2026 net income rose 17% year over year to $3.15 million, while net interest income increased 8% to $13.01 million. Deposits reached $1.24 billion at September 30, 2026, up 13% from year-end 2025.
1. Quarterly results
Third-quarter net income rose 17% year over year to $3.15 million, primarily due to higher net interest income, which climbed 8% to $13.01 million. Net charge-offs fell 78% to $211,000, primarily due to lower commercial real estate loan charge-offs. Deposits increased 13% from December 31, 2025, to $1.24 billion at September 30, 2026.
2. Conversion and plans
The July 21 second-step conversion raised $88.8 million in gross proceeds. Management plans to expand commercial banking and add digital banking capabilities.
