RBKB · CIK 1751783
What Rhinebeck Bancorp, Inc. told the SEC could break it.
Rhinebeck's credit risk is tightly tied to one regional economy: most of its loans are secured by property in its Hudson Valley primary market, with even out-of-area lending limited to New York State. Within that footprint it leans on commercial real estate — $417.8M of CRE plus $107.9M of multi-family loans (11.3% of the portfolio), its largest single CRE loan a $16.4M shopping center — concentrating exposure in rate- and value-sensitive property. It also runs a distinctive consumer channel, buying indirect auto loans from 79 Hudson Valley and Albany dealerships, where 57.3% is used vehicles and about 7.7% is subprime, a channel it is deliberately tightening. The usual bank regulation — FDIC and NYSDFS oversight and BSA/USA PATRIOT Act anti-money-laundering programs — rounds out the register.
4 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Liquidity & debt
- commercial / multi-family real estate loan concentrationmedium
Rhinebeck holds $417.8M of commercial real estate loans plus $107.9M of multi-family loans (11.3% of the portfolio), with its largest single CRE loan a $16.4M shopping center — concentrating credit risk in rate- and value-sensitive CRE within its NY market.
“At December 31, 2025, our largest commercial real estate loan had an outstanding balance of $16.4 million and was secured by a shopping center located in Clifton Park, New York.”
SEC filing →As of 2026 - indirect automobile loan portfolio sourced from dealers (subprime/used-vehicle exposure)low
Rhinebeck acquires indirect auto loans from 79 dealerships (Hudson Valley + Albany) for a flat referral fee; 57.3% of the portfolio is used vehicles and ~7.7% is subprime, concentrating consumer-credit risk in a dealer-sourced channel it is deliberately tightening.
“We acquire our indirect automobile loans from 51 automobile dealerships located in the Hudson Valley region and 28 dealers located in the Albany area, under an arrangement where the dealer receives a flat fee for referring the loan to us.”
SEC filing →As of 2026
Geographic concentration
- loans and collateral concentrated in Hudson Valley / New York State primary market areahigh
Rhinebeck Bank's loans (residential, CRE, construction) are predominantly secured by properties in its Hudson Valley New York primary market area, with out-of-area lending limited to New York State — concentrating credit exposure to that regional economy and property market.
“The majority of these loans are secured by properties located within our primary market area. Loans secured by properties located outside of our normal lending area may be considered on a case-by-case basis, primarily for established customers with a relationship of at least one year, provided the property is located in New York State.”
SEC filing →As of 2026
Regulatory & policy
- FDIC/NYSDFS bank regulation and BSA/USA PATRIOT Act AML compliancemedium
Rhinebeck Bank is examined and regulated by the FDIC and NYSDFS (with capital and approval requirements), and must maintain BSA/USA PATRIOT Act anti-money-laundering programs; non-compliance could bring fines or sanctions.
“Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions. The USA PATRIOT and Bank Secrecy Acts require financial institutions to develop programs to prevent financial institutions from being used for money laundering and terrorist activities.”
SEC filing →As of 2026
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