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Regulatory Matters
 6 Months Ended
Jun. 30, 2019
Banking and Thrift [Abstract]  
Regulatory Matters
12.Regulatory Matters

 

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company's and the Bank’s assets, liabilities and certain off-balance-sheet items, as calculated under regulatory accounting practices. The Company's and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

 

The final rules implementing the BASEL Committee on Banking Supervisor’s Capital Guidance for U.S. Banks (BASEL III) became effective for the Company and Bank on January 1, 2016. Compliance with the requirements was phased in over a four year period with full compliance as of January 1, 2019. All presented capital ratios are calculated using BASEL III rules.

 

Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the tables below) of total, common equity Tier 1 and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I capital (as defined) to average assets (as defined). Management believes, as of June 30, 2019 and December 31, 2018, that the Company and the Bank met all capital adequacy requirements to which they are subject.

  

The most recent notification from the Federal Deposit Insurance Corporation (“FDIC”) categorized the Bank as “well capitalized” under the regulatory framework. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, common equity Tier 1, Tier I risk-based and Tier I leverage ratios as set forth in the table below. There are no conditions or events since then, which management believes have changed the Bank's category.

 

The Company’s and Bank's actual capital amounts and ratios were:

 

  Actual  For Capital
Adequacy Purposes		  To be Well
Capitalized under
Prompt Corrective
Action Provisions		 
  Amount  Ratio  Amount  Ratio  Amount  Ratio 
  June 30, 2019 
  (unaudited) 
Rhinebeck Bancorp, Inc.                        
Total capital (to risk-weighted assets) $116,098   14.69% $63,232   8.00% $79,039   10.00%
Tier 1 capital (to risk-weighted assets)  108,240   13.69%  47,424   6.00%  63,232   8.00%
Common equity tier one capital (to risk weighted assets)  108,240   13.69%  35,568   4.50%  51,376   6.50%
Tier 1 capital (to average assets)  108,240   11.92%  36,319   4.00%  45,398   5.00%
                         
Rhinebeck  Bank                        
Total capital (to risk-weighted assets) $107,591   13.62% $63,219   8.00% $79,024   10.00%
Tier 1 capital (to risk-weighted assets)  99,733   12.62%  47,414   6.00%  63,219   8.00%
Common equity tier one capital (to risk weighted assets)  99,733   12.62%  35,561   4.50%  51,366   6.50%
Tier 1 capital (to average assets)  99,733   11.04%  36,149   4.00%  45,186   5.00%
                         
  December 31, 2018  
Rhinebeck Bancorp, MHC                        
Total capital (to risk-weighted assets) $71,243   9.71% $58,707   8.00% $73,383   10.00%
Tier 1 capital (to risk-weighted assets)  64,597   8.80%  44,030   6.00%  58,707   8.00%
Common equity tier one capital (to risk weighted assets)  64,597   8.80%  33,023   4.50%  47,699   6.50%
Tier 1 capital (to average assets)  64,597   7.63%  33,849   4.00%  42,311   5.00%
                         
Rhinebeck  Bank                        
Total capital (to risk-weighted assets) $81,222   11.07% $58,694   8.00% $73,368   10.00%
Tier 1 capital (to risk-weighted assets)  74,576   10.16%  44,021   6.00%  58,694   8.00%
Common equity tier one capital (to risk weighted assets)  74,576   10.16%  33,016   4.50%  47,689   6.50%
Tier 1 capital (to average assets)  74,576   8.80%  33,901   4.00%  42,376   5.00%