Better Health for All

Rhinebeck Bancorp, Inc. operates as a commercial bank, providing financial products and services such as checking, savings, loans, and wealth management.

The provided articles discuss the company's employment opportunities and general community involvement, but do not contain any specific information or data related to health-focused products, services, initiatives, or impacts. Therefore, for all KPIs under the 'Better Health for All' value, the company's core business activities are considered to have no direct positive or negative health impact, or the KPIs are not applicable to a financial institution based on the available evidence.

Fair Money & Economic Opportunity

Rhinebeck Bank was subject to a consent order with the New York State Department of Financial Services (DFS) and paid a $950,000 civil monetary penalty for alleged discrimination in auto loan pricing.

The bank's discretionary dealer markup policies resulted in a disparate impact that negatively affected members of racial and ethnic minority groups. Between 2017 and 2022, Black, Hispanic, and Asian borrowers, on average, paid 0.15% to 0.39% more in discretionary dealer markups than non-Hispanic white borrowers. The bank's general policy allowed dealer markups ranging from 1.5% to 2.5% (and up to 3% in some cases) between January 2017 and December 2020. The settlement imposed a 2% cap on dealer markups. The bank is required to provide restitution to eligible impacted borrowers and must post the consent order and FAQs on its website for public access within 45 days of the order's execution. The bank offers business loan programs in underserved areas of Poughkeepsie and Newburgh and recently opened a branch in Newburgh, an underserved community. It has fifteen branches and two representative offices in New York State. Rhinebeck Bank sponsors the Banzai financial literacy program for 11 schools, serving 45 teachers and 3,220 students. It also co-presented Financial Literacy Workshops with United Way of the Dutchess-Orange Region, with one workshop held and two more planned for Fall 2018 and one in January 2019.

Fair Pay & Worker Respect

CEO Michael Quinn's compensation was $688,620 in 2024.

Salaries and employee benefits increased by $427,000, or 8.5%, for the third quarter of 2025 compared to the same period in 2024, and by $899,000, or 6.0%, for the nine months ended September 30, 2025, compared to the same period in 2024. These increases were attributed to higher incentive-based compensation, production commissions, and annual merit increases. The company's employee stock ownership plan held $2.9 million in unearned common stock as of September 30, 2025. No specific data is available for living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage.

Honest & Fair Business

No specific, concrete evidence was found in the provided articles to assess Rhinebeck Bancorp, Inc. against the defined KPIs for the 'Honest & Fair Business' ethical value. Information regarding regulatory fines, transparency benchmarks, whistleblower policies, financial restatements, audit coverage, ESG controversies, complaint resolution times, board conflicts of interest, anti-corruption policies, or third-party verification of ethical claims was not available for the company.

pertains to 'Customers Bancorp, Inc.' and was therefore not used for the assessment of Rhinebeck Bancorp, Inc.

Kind to Animals

Rhinebeck Bancorp, Inc. operates as a commercial bank, and its core business model does not involve activities such as product manufacturing, animal testing, animal agriculture, or the use of animal-derived ingredients.

Consequently, most KPIs related to animal welfare, ethical sourcing, and cruelty-free practices are not applicable to its operations. While the bank supports over 200 not-for-profit organizations, including Cornell Cooperative Extension of Ulster County, no specific, measurable data on wildlife conservation impact or habitat restoration metrics is provided.

Planet-Friendly Business

The company reports 0.0% stranded assets.

No other specific, quantitative data points are available across the provided articles to assess performance against other Planet-Friendly Business KPIs, including carbon emissions data, reduction targets, or climate commitments.

Respect for Cultures & Communities

No data relevant to RBKB.US's respect for cultures and communities, or any of the specific KPIs, was found in the provided articles.

The articles consist of job postings and a careers page, which do not contain information on community engagement, cultural sensitivity, or related metrics.

Safe & Smart Tech

Rhinebeck Bancorp, Inc. reported no material cybersecurity incidents as of March 26, 2024, and no incidents of unauthorized data use.

The company states it complies with Federal Financial Institutions Examination Council Cybersecurity Guidelines and other industry standards. However, the company also notes that compliance with these guidelines and standards does not guarantee immunity from cyberattacks, indicating a reactive rather than proactive or leading stance on regulatory compliance.