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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities          
Net income     $ 3,573 $ 4,223  
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization and accretion of premiums and discounts on investments, net     542 169  
Net realized loss on sales and calls of securities     29 40  
Net realized gain on sale of other real estate owned $ (42)   (42)    
Provision for loan losses 2,250 $ 450 5,705 2,010  
Loans originated for sale     (65,974) (30,455)  
Proceeds from sale of loans     68,745 30,985  
Net gain on sale of loans     (2,382) (706)  
Amortization of intangible assets 11 10 32 32 $ 43
Depreciation and amortization     1,014 969  
Gain on disposal of premises and equipment (13)   (13)    
Deferred income tax benefit     (1,474) (224)  
Increase in cash surrender value of insurance (97) (100) (290) (300)  
Increase in accrued interest receivable     (994) (270)  
Expense of earned ESOP shares     129    
Share-based compensation expense     61    
(Increase) decrease in other assets     (8,315) 1,213  
Increase in accrued expenses and other liabilities     5,914 1,256  
Net cash provided by operating activities     6,260 8,942  
Cash Flows from Investing Activities          
Proceeds from sales and calls of securities     6,997 5,554  
Proceeds from maturities and principal repayments of securities     28,142 11,952  
Purchases of securities     (25,210) (28,388)  
Net sales (purchases) of FHLB Stock     460 (725)  
Net increase in loans     (104,977) (82,430)  
Purchases of bank owned life insurance     (41) (41)  
Purchases of bank premises and equipment     (1,548) (2,500)  
Net increase of other real estate owned     (31)    
Proceeds from sale of other real estate owned     2,221 180  
Net cash used in investing activities     (93,987) (96,398)  
Cash Flows from Financing Activities          
Net increase in demand deposits, NOW, money market and savings accounts     151,023 31,429  
Net (decrease) increase in time deposits     (8,171) 54,138  
Decrease in mortgagors' escrow accounts     (4,075) (4,032)  
Net decrease in short-term debt     (2,223) (13,954)  
Net (decrease) increase in long-term debt     (9,224) 25,292  
Proceeds of stock subscriptions       9,814  
Return of unfulfilled stock subscriptions       (41,082)  
Loan to ESOP       (4,364)  
Offering expenses       (1,898)  
Return of capital to Rhinebeck Bancorp, MHC       (121)  
Net cash provided by financing activities     127,330 55,222  
Net increase (decrease) in cash and due from banks     39,603 (32,234)  
Cash and Due from Banks          
Beginning balance     11,978 50,590 50,590
Ending balance $ 51,581 $ 18,356 51,581 18,356 $ 11,978
Cash paid for:          
Interest     6,650 6,243  
Income taxes     2,897 $ 1,040  
Noncash Investing and Financing Activities          
Transfer of loans to other real estate owned     $ 1,858