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Rhinebeck Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2021

Rhinebeck Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2021
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Rhinebeck Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2021

Rhinebeck Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2021
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Michaelj Quinn , Rhinebeck Bank The , Small Business Administration , Rhinebeck Bank , Rhinebeck Bancorp , Connectone Bank , Paycheck Protection Program , Home Loan Bank , Rhinebeck Bancorp Inc , Protection Program , Common Equity Tier , Based Capital Ratio , Total Risk Based Capital , Chief Executive Officer Michael , Federal Home Loan Bank , Rhinebeck Asset Management , Federal Reserve Board , Months Ended June , Financial Condition , Months Ended , Quality Ratios , Chief Executive Officer , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் ,

Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended March 31, 2021

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POUGHKEEPSIE, N.Y., April 29, 2021 /PRNewswire/ Rhinebeck Bancorp, Inc. (the Company ) (NASDAQ: RBKB), the holding company of Rhinebeck Bank (the Bank ), reported net income for the three months ended March 31, 2021 of $3.3 million ($0.31 per basic and diluted share), compared with $1.1 million ($0.10 per basic and diluted share) for the comparable prior year period, which was an increase of $2.2 million, or 208.9%. The favorable variance in net income came largely from a $1.5 million increase in net interest income and a credit to the provision for loan losses of $69,000 in the first quarter of 2021 as compared to a provision for loan losses of $1.2 million for the first quarter of 2020. The Company s return on average assets and return on average equity were 1.18% and 11.40%, respectively, in the first quarter of 2021 as compared to 0.44% and 3.85%, respectively, in the first quarter of 2020. ....

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Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended March 31, 2021

Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended March 31, 2021
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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