Rhinebeck Bank in Rhinebeck, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Rhinebeck Bank - Overview

  • General
  • FDIC Certificate #: 16032
    Status: Active
    Federal Reserve ID: 195111
    Bank Holding Company (Regulatory Top Holder): Rhinebeck Bancorp, Mhc (RSSDID: 3271230, Location: Poughkeepsie, NY)
    Date Established: April 12, 1860
    WWW: http://www.rhinebecksavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 12039
    FDIC's unique #: 10261
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1943
    Last Structure Change Effective Date: March 22, 2012
    Last Structure Change Process Date: March 29, 2012
    Last Data Update: March 29, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 6414 Montgomery Street, Rhinebeck, NY 12572
    County: Dutchess
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Syracuse
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Dutchess County, NY (#2281)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Poughkeepsie-Newburgh-Middletown, NY (#39100)
    CBSA Metro Statistical Area: Poughkeepsie-Newburgh-Middletown, NY (#39100)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $567.1 mil
    Equity capital: $50.1 mil
    Deposits held in domestic offices: $476.8 mil
    Return on assets (ROA): 0.54% ($3.1 mil)
    Quarterly return on assets: 0.54% ($3.1 mil)
    Return on Equity (ROE): 5.85% ($2.9 mil)
    Quarterly return on equity: 5.99% ($3.0 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.76% ($4,309.7 mil)
    Quarterly Pretax return on assets: 0.74% ($4,196.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 143Total employees (full-time equivalent)
  • $567,066Total assets
  • $13,936Cash and due from depository institutions
  • $5,015Interest-bearing balances
  • $118,369Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $383,412Net loans & leases
  • $4,247Loan loss allowance
  • $0Trading account assets
  • $19,200Bank premises and fixed assets
  • $1,324Other real estate owned
  • $1,138Goodwill and other intangibles
  • $567,066Life insurance assets
  • $29,687All other assets
  • $516,989Total liabilities and capital
  • $476,796Total liabilities
  • $382,194Total deposits
  • $476,796Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,500Trading liabilities
  • $0Other borrowed funds
  • $12,693Subordinated debt
  • $50,077All other liabilities
  • $50,077Total equity capital
  • $50,077Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $12,393Surplus
  • $37,684Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $112Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,254Income earned, not collected on loans
  • $0Earning assets
  • $2,068Long-term assets (5+ years)
  • $506,796Average Assets, year-to-date
  • $147,112Average Assets, quarterly
  • $545,795Volatile liabilities
  • $560,932Insider loans
  • $424,043FHLB advances
  • $557,040Loans and leases held for sale
  • $13,000Unused loan commitments
  • $13,000Tier 1 (core) risk-based capital
  • $53,403Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $59,795Restructured Loans and leases
  • $6Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,147Total interest income
  • $3,992Total interest expense
  • $22,155Net interest income
  • $2,400Provision for loan and lease losses
  • $3,651Total noninterest income
  • $0Fiduciary activities
  • $1,070Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,581Additional noninterest income
  • $19,109Total noninterest expense
  • $10,675Salaries and employee benefits
  • $2,847Premises and equipment expense
  • $5,587Additional noninterest expense
  • $4,297Pre-tax net operating income
  • -$137Securities gains (losses)
  • $1,232Applicable income taxes
  • $2,928Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,928Net income attributable to bank
  • $0Net charge-offs
  • $2,928Cash dividends
  • $4,057Sale, conversion, retirement of capital stock, net
  • $160Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 4.55%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.93%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 5.85%Return on equity (ROE)
  • 5.53%Retained earnings to average equity (YTD only)
  • 1.05%Net charge-offs to loans
  • 59.16%Credit loss provision to net charge-offs
  • 1.65%Efficiency ratio
  • 74,049Assets per employee
  • 3.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.46%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 27.84%Noncurrent assets plus other real estate owned to assets
  • 2.92%Noncurrent loans to loans
  • 3.93%Net loans and leases to deposits
  • 80.41%Net loans and leases to core deposits
  • 89.41%Equity capital to assets
  • 8.83%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 12.59%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $545,795Average earning assets
  • $50,074Average equity
  • $486,600Average loans

List of branches

  • 12 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010261Rhinebeck Bank6414 Montgomery Street, Rhinebeck, NY 12572April 12, 1860Full Service Brick and Mortar
    2236856East Park Branch1075 Violet Avenue, Route 9g, Hyde Park, NY 12538May 10, 1980Full Service Brick and Mortar
    3236857Red Hook Branch7350 South Broadway, Red Hook, NY 12571April 01, 1995Full Service Brick and Mortar
    4236858Dutchess Turnpike Branch708 Dutchess Turnpike, Poughkeepsie, NY 12603January 10, 2000Full Service Brick and Mortar
    5236859South Road Branch1898 South Road, Poughkeepsie, NY 12601October 18, 1999Full Service Brick and Mortar
    63575293432 North Road Route 9 Branch3432 North Road Route 9, Poughkeepsie, NY 12601July 23, 2000Full Service Brick and Mortar
    7446969Kingston Branch27 Main Street, Kingston, NY 12401January 09, 2006Full Service Brick and Mortar
    8466131East Fishkill Branch2523 Route 52, Hopewell Junction, NY 12533December 18, 2006Full Service Brick and Mortar
    9469573Executive Offices Branch2 Jefferson Plaza, Poughkeepsie, NY 12601Febuary 08, 2006Limited Service Administrative
    10491184Beacon Branch1476 Route 9d, Wappingers Falls, NY 12590May 27, 2009Full Service Brick and Mortar
    11492679Internet BranchWww.Rhinebecksavings.com, Poughkeepsie, NY 12601July 22, 2008Full Service Cyber
    12510746Lagrange Branch1110 Route 55, Lagrangeville, NY 12540April 12, 2010Full Service Brick and Mortar

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