Rhinebeck Bank Mortgage Rates, Fees & Info

Rhinebeck, NY

LEI: 549300G4F3X6FTMZP579

Tax ID: 14-1002430

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Mortgage Data

Bank Data

Review & Overview

Rhinebeck Bank is a smaller bank specializing in Home Purchase and Refi loans. Rhinebeck Bank has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, New York, and Hudson among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Rhinebeck Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.37% 3/28/24
30 Year Conventional Refi 6.50% 3/28/24
30 Year Cash-out Refi 6.56% 3/28/24
15 Year Conventional Purchase 5.56% 3/28/24
15 Year Conventional Refi 5.83% 3/28/24
15 Year Cash-out Refi 5.83% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Rhinebeck Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Rhinebeck Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

237

Origination Dollar Volume (All Markets)

$67,575,000

Employee count

166

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 158 $44,220,000 $279,873 $0 0.00%
KINGSTON, NY (FHA|USDA|VA) 58 $18,160,000 $313,103 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,375,000 $339,286 $0 0.00%
Outside of Metro Areas 10 $1,930,000 $193,000 $0 0.00%
Hudson, NY (FHA|USDA|VA) 4 $890,000 $222,500 $0 0.00%
Rhinebeck Bank's top markets include Poughkeepsie, Kingston, New York, and Hudson among others.

Their top states include:
  • New York (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 237 $67,575,000 $285,127 $0 0.00%

    For 2019, Rhinebeck Bank's most frequently originated type of loan was Conventional, with 237 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 144 $40,610,000 $282,014 $0 0.00%
    Refi 42 $14,030,000 $334,048 $0 0.00%
    Cash Out Refi 40 $11,020,000 $275,500 $0 0.00%
    Home Improvement 11 $1,915,000 $174,091 $0 0.00%

    For 2019, Rhinebeck Bank's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 237 $67,575,000 $285,127 $0 0.00%

    For 2019, Rhinebeck Bank's most frequently cited loan duration was Other, with 237 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 120 $33,070,000 $275,583 $0 0.00%
    $100k-200k 77 $11,995,000 $155,779 $0 0.00%
    $400k-600k 21 $9,685,000 $461,190 $0 0.00%
    $100,000 or less 10 $760,000 $76,000 $0 0.00%
    $600k-1MM 6 $4,450,000 $741,667 $0 0.00%
    $1MM+ 3 $7,615,000 $2,538,333 $0 0.00%

    2019 saw Rhinebeck Bank place emphasis on $200k-400k loans with 120 originations, totaling $33,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 63 $16,985,000 $269,603 $0 0.00%
    $150k-250k 41 $11,845,000 $288,902 $0 0.00%
    $50k-75k 39 $7,105,000 $182,179 $0 0.00%
    $75k-100k 36 $8,330,000 $231,389 $0 0.00%
    $250k+ 23 $8,555,000 $371,957 $0 0.00%
    $50k or less 16 $2,070,000 $129,375 $0 0.00%

    Rhinebeck Bank lent most frequently to those with incomes in the $100k-150k range, with 63 originations. The second most popular income band? $150k-250k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 237 $67,575,000 $285,127 $0 0.00%

    Rhinebeck Bank lent most frequently to those with DTI ratios of Exempt%, with 237 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 151 $37,585,000 $248,907 $0 0.00%
    Not provided 55 $14,025,000 $255,000 $0 0.00%
    Not applicable 19 $12,685,000 $667,632 $0 0.00%
    Asian 8 $2,570,000 $321,250 $0 0.00%
    Black 3 $595,000 $198,333 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.02%

    Rhinebeck Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.01%

    Rhinebeck Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 237 $67,575,000 $285,127

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $10,450,000 $1,045,000
    Single Family (1-4 Units):Site-Built 227 $57,125,000 $251,652

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Rhinebeck Bank 1022 Main Street Fishkill, NY 12524 Full Service B&M $31,993
    Rhinebeck Bank 1075 Violet Avenue, Route 9g Hyde Park, NY 12538 Full Service B&M $107,396
    Rhinebeck Bank 1476 Route 9d Wappingers Falls, NY 12590 Full Service B&M $20,466
    Rhinebeck Bank 1898 South Road Poughkeepsie, NY 12601 Full Service B&M $48,682
    Rhinebeck Bank 2 Jefferson Plaza Poughkeepsie, NY 12601 Limited, Administrative $0
    Rhinebeck Bank 200 Great Oaks, Suite 226 Albany, NY 12203 Limited, Administrative $0
    Rhinebeck Bank 2134 Route 208 Montgomery, NY 12549 Limited, Administrative $0
    Rhinebeck Bank 252 Main Street Goshen, NY 10924 Full Service B&M $14,977
    Rhinebeck Bank 2523 Route 52 Hopewell Junction, NY 12533 Full Service B&M $36,589
    Rhinebeck Bank 27 Main Street Kingston, NY 12401 Full Service B&M $62,764
    Rhinebeck Bank 3432 North Road Route 9 Poughkeepsie, NY 12601 Full Service B&M $72,930
    Rhinebeck Bank 6414 Montgomery Street Rhinebeck, NY 12572 Full Service B&M $166,134
    Rhinebeck Bank 708 Dutchess Turnpike Poughkeepsie, NY 12603 Full Service B&M $79,821
    Rhinebeck Bank 7350 South Broadway Red Hook, NY 12571 Full Service B&M $97,418
    Rhinebeck Bank Jefferson Plaza, 2 Jefferson Street Poughkeepsie, NY 12601 Full Service Cyber Office $2,780

    For 2019, Rhinebeck Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,979
    Net interest income $32,272
    Total noninterest income $5,535
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,245
    Trading account gains and fees $0
    Additional Noninterest Income $4,290
    Pre-tax net operating income $8,380
    Securities gains (or losses, -) $-69
    Income before extraordinary items $6,782
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,782
    Minority interest net income $0
    Net income $6,782
    Sale, conversion, retirement of capital stock, net $27,666
    Net operating income $6,838

    Rhinebeck Bank's gross interest income from loans was $40,979,000.
    Rhinebeck Bank's net interest income from loans was $32,272,000.
    Rhinebeck Bank's fee based income from loans was $1,245,000.
    Rhinebeck Bank's net income from loans was $6,782,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,707
    Provision for credit losses $2,460
    Total noninterest expense $26,967
    Salaries and employee benefits $15,496
    Premises and equipment expense $3,650
    Additional noninterest expense $7,821
    Applicable income taxes $1,529
    Net charge-offs $3,152
    Cash dividends $5,100

    Rhinebeck Bank's interest expense for loans was $8,707,000.
    Rhinebeck Bank's payroll and benefits expense were $15,496,000.
    Rhinebeck Bank's property, plant and equipment expenses $3,650,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 5.0%
    HELOC loans 0.0%
    All other family 5.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $796,458
    Deposits held in domestic offices $796,458
    Deposits by Individuals, partnerships, and corporations $796,043
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $413
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $4,396
    Demand deposits $4,394
    Nontransaction accounts $792,062
    Money market deposit accounts (MMDAs) $172,297
    Other savings deposits (excluding MMDAs) $401,066
    Total time deposits $218,699
    Total time and savings deposits $792,064
    Noninterest-bearing deposits $180,747
    Interest-bearing deposits $615,711
    Retail deposits $752,103
    IRAs and Keogh plan accounts $21,662
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $973,811
    Cash & Balances due from depository institutions $11,978
    Interest-bearing balances $1,120
    Total securities $114,832
    Federal funds sold & reverse repurchase $0
    Net loans and leases $793,471
    Loan and leases loss allowance $5,954
    Trading account assets $0
    Bank premises and fixed assets $18,288
    Other real estate owned $1,417
    Goodwill and other intangibles $3,877
    All other assets $29,948

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $973,811
    Total Liabilities $872,419
    Total deposits $796,458
    Interest-bearing deposits $615,711
    Deposits held in domestic offices $796,458
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $66,304
    Subordinated debt $0
    All other liabilities $9,657

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $793,471
    Loan and leases loss allowance $5,954
    Total loans and leases (domestic) $799,425
    All real estate loans $336,118
    Real estate loans in domestic offices $336,118
    Construction and development loans $28,280
    Residential 1-4 family construction $9,383
    Other construction, all land development and other land $18,897
    Loans secured by nonfarm nonresidential properties $203,019
    Nonfarm nonresidential secured by owner-occupied properties $120,820
    Commercial real estate & other non-farm, non-residential $82,199
    Multifamily residential real estate $26,958
    1-4 family residential loans $75,736
    Farmland loans $2,125
    Loans held in foreign offices $0
    Farm loans $1,115
    Commercial and industrial loans $116,810
    To non-U.S. addressees $0
    Loans to individuals $345,330
    Credit card loans $0
    Related Plans $372
    Consumer Auto Loans $343,809
    Other loans to individuals $1,149
    All other loans & leases $52
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Rhinebeck Bank had $793,471,000 of loans outstanding in 2019. $336,118,000 of loans were in real estate loans. $28,280,000 of loans were in development loans. $26,958,000 of loans were in multifamily mortgage loans. $75,736,000 of loans were in 1-4 family mortgage loans. $1,115,000 of loans were in farm loans. $0 of loans were in credit card loans. $343,809,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 211 $61,606 $291,972
    Nonfarm, nonresidential loans - <$100k 11 $578 $52,545
    Nonfarm, nonresidential loans - $100-250k 62 $8,442 $136,161
    Nonfarm, nonresidential loans - $250k-1MM 138 $52,586 $381,058
    Commercial & Industrial, US addressed loans - <$1MM 2,618 $97,048 $37,070
    Commercial & Industrial, US addressed loans - <$100k 2,359 $50,333 $21,337
    Commercial & Industrial, US addressed loans - $100-250k 154 $14,460 $93,896
    Commercial & Industrial, US addressed loans - $250k-1MM 105 $32,255 $307,190
    Farmland loans - <$1MM 1 $486 $486,000
    Farmland loans - $250k-1MM 1 $486 $486,000
    Agriculture operations loans - <$1MM 2 $13 $6,500
    Agriculture operations loans - <$100k 2 $13 $6,500