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Regulatory Matters | 6 Months Ended
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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 | %

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- Definition The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958572-112826 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958573-112826 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958570-112826 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958569-112826 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958577-112826 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958575-112826 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958574-112826 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958568-112826 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=84167132&loc=d3e65071-112826 + Details
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