Rhinebeck Bank Mortgage Rates, Fees & Info
Rhinebeck, NYLEI: 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, Albany, Kingston, Hudson, and New York among others. We have data for 7 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% | 4/18/24 |
| 30 Year Conventional Refi | 6.50% | 4/18/24 |
| 30 Year Cash-out Refi | 6.56% | 4/18/24 |
| 15 Year Conventional Purchase | 5.56% | 4/18/24 |
| 15 Year Conventional Refi | 5.83% | 4/18/24 |
| 15 Year Cash-out Refi | 5.83% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
312Origination Dollar Volume (All Markets)
$117,900,000Employee count
192Top 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) | 210 | $72,680,000 | $346,095 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $18,300,000 | $4,575,000 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 63 | $15,095,000 | $239,603 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $5,745,000 | $337,941 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 12 | $3,460,000 | $288,333 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $2,215,000 | $443,000 | $0 | 0.00% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Rhinebeck Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 312 | $117,900,000 | $377,885 | $0 | 0.00% |
For 2021, Rhinebeck Bank's most frequently originated type of loan was Conventional, with 312 originations.
Loan Reason
For 2021, Rhinebeck Bank's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Refi, with 101 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 312 | $117,900,000 | $377,885 | $0 | 0.00% |
For 2021, Rhinebeck Bank's most frequently cited loan duration was Other, with 312 originations.
Loan Sizing
2021 saw Rhinebeck Bank place emphasis on $200k-400k loans with 156 originations, totaling $43,730,000 in origination value.
Applicant Income
Rhinebeck Bank lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $150k-250k, with 65 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 312 | $117,900,000 | $377,885 | $0 | 0.00% |
Rhinebeck Bank lent most frequently to those with DTI ratios of Exempt%, with 312 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.24%
Rhinebeck Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.86%
Rhinebeck Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 312 | $117,900,000 | $377,885 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Rhinebeck Bank | 100 Great Oaks Blvd Albany, NY 12203 | Limited, Administrative | $0 |
| Rhinebeck Bank | 1022 Main Street Fishkill, NY 12524 | Full Service B&M | $46,867 |
| Rhinebeck Bank | 1075 Violet Avenue, Route 9g Hyde Park, NY 12538 | Full Service B&M | $136,068 |
| Rhinebeck Bank | 1476 Route 9d Wappingers Falls, NY 12590 | Full Service B&M | $28,786 |
| Rhinebeck Bank | 1898 South Road Poughkeepsie, NY 12601 | Full Service B&M | $60,386 |
| Rhinebeck Bank | 2 Jefferson Plaza Poughkeepsie, NY 12601 | 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 | $24,608 |
| Rhinebeck Bank | 2523 Route 52 Hopewell Junction, NY 12533 | Full Service B&M | $55,544 |
| Rhinebeck Bank | 27 Main Street Kingston, NY 12401 | Full Service B&M | $66,833 |
| Rhinebeck Bank | 3432 North Road Route 9 Poughkeepsie, NY 12601 | Full Service B&M | $126,347 |
| Rhinebeck Bank | 357 E Main St Middletown, NY 10940 | Full Service B&M | $3,295 |
| Rhinebeck Bank | 360 Route 17m Monroe, NY 10950 | Full Service B&M | $9,308 |
| Rhinebeck Bank | 62 Main Street, Suite 1 Warwick, NY 10990 | Full Service B&M | $25,932 |
| Rhinebeck Bank | 6414 Montgomery St Rhinebeck, NY 12572 | Full Service B&M | $235,049 |
| Rhinebeck Bank | 708 Dutchess Turnpike Poughkeepsie, NY 12603 | Full Service B&M | $95,608 |
| Rhinebeck Bank | 7350 South Broadway Red Hook, NY 12571 | Full Service B&M | $134,430 |
| Rhinebeck Bank | Jefferson Plaza, 2 Jefferson Street Poughkeepsie, NY 12601 | Full Service Cyber Office | $4,510 |
For 2021, Rhinebeck Bank had 18 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $43,696 |
| Net interest income | $39,440 |
| Total noninterest income | $7,274 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $813 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $6,461 |
| Pre-tax net operating income | $15,894 |
| Securities gains (or losses, -) | $-4 |
| Income before extraordinary items | $12,457 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $12,457 |
| Minority interest net income | $0 |
| Net income | $12,457 |
| Sale, conversion, retirement of capital stock, net | $-304 |
| Net operating income | $12,460 |
Rhinebeck Bank's gross interest income from loans was $43,696,000.
Rhinebeck Bank's net interest income from loans was $39,440,000.
Rhinebeck Bank's fee based income from loans was $813,000.
Rhinebeck Bank's net income from loans was $12,457,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,256 |
| Provision for credit losses | $-3,667 |
| Total noninterest expense | $34,487 |
| Salaries and employee benefits | $19,747 |
| Premises and equipment expense | $4,373 |
| Additional noninterest expense | $10,367 |
| Applicable income taxes | $3,433 |
| Net charge-offs | $407 |
| Cash dividends | $0 |
Rhinebeck Bank's interest expense for loans was $4,256,000.
Rhinebeck Bank's payroll and benefits expense were $19,747,000.
Rhinebeck Bank's property, plant and equipment expenses $4,373,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 5.0% |
| HELOC loans | 0.0% |
| All other family | 6.0% |
| 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 | $1,123,640 |
| Deposits held in domestic offices | $1,123,640 |
| Deposits by Individuals, partnerships, and corporations | $1,123,269 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| Deposits by Commercial banks and other depository institutions in U.S. | $370 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $11,419 |
| Demand deposits | $11,419 |
| Nontransaction accounts | $1,112,221 |
| Money market deposit accounts (MMDAs) | $301,386 |
| Other savings deposits (excluding MMDAs) | $653,889 |
| Total time deposits | $156,946 |
| Total time and savings deposits | $1,112,221 |
| Noninterest-bearing deposits | $315,117 |
| Interest-bearing deposits | $808,523 |
| Retail deposits | $1,099,936 |
| IRAs and Keogh plan accounts | $20,830 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,280,999 |
| Cash & Balances due from depository institutions | $72,090 |
| Interest-bearing balances | $61,046 |
| Total securities | $280,283 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $854,967 |
| Loan and leases loss allowance | $7,559 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $26,987 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $5,301 |
| All other assets | $41,371 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,280,999 |
| Total Liabilities | $1,162,308 |
| Total deposits | $1,123,640 |
| Interest-bearing deposits | $808,523 |
| Deposits held in domestic offices | $1,123,640 |
| % insured (estimated) | $67 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $18,041 |
| Subordinated debt | $0 |
| All other liabilities | $20,627 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $854,967 |
| Loan and leases loss allowance | $7,559 |
| Total loans and leases (domestic) | $862,526 |
| All real estate loans | $362,993 |
| Real estate loans in domestic offices | $362,993 |
| Construction and development loans | $13,110 |
| Residential 1-4 family construction | $9,564 |
| Other construction, all land development and other land | $3,546 |
| Loans secured by nonfarm nonresidential properties | $220,124 |
| Nonfarm nonresidential secured by owner-occupied properties | $109,409 |
| Commercial real estate & other non-farm, non-residential | $110,715 |
| Multifamily residential real estate | $63,444 |
| 1-4 family residential loans | $64,470 |
| Farmland loans | $1,845 |
| Loans held in foreign offices | $0 |
| Farm loans | $354 |
| Commercial and industrial loans | $136,840 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $362,339 |
| Credit card loans | $0 |
| Related Plans | $225 |
| Consumer Auto Loans | $361,414 |
| Other loans to individuals | $700 |
| All other loans & leases | $0 |
| 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 | $2,993 |
| 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 $854,967,000 of loans outstanding in 2021. $362,993,000 of loans were in real estate loans. $13,110,000 of loans were in development loans. $63,444,000 of loans were in multifamily mortgage loans. $64,470,000 of loans were in 1-4 family mortgage loans. $354,000 of loans were in farm loans. $0 of loans were in credit card loans. $361,414,000 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 | 199 | $56,032 | $281,568 |
| Nonfarm, nonresidential loans - <$100k | 11 | $609 | $55,364 |
| Nonfarm, nonresidential loans - $100-250k | 57 | $7,543 | $132,333 |
| Nonfarm, nonresidential loans - $250k-1MM | 131 | $47,880 | $365,496 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,674 | $103,794 | $38,816 |
| Commercial & Industrial, US addressed loans - <$100k | 2,395 | $52,429 | $21,891 |
| Commercial & Industrial, US addressed loans - $100-250k | 162 | $14,354 | $88,605 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 117 | $37,011 | $316,333 |
| Farmland loans - <$1MM | 1 | $378 | $378,000 |
| Farmland loans - $250k-1MM | 1 | $378 | $378,000 |
| Agriculture operations loans - <$1MM | 2 | $4 | $2,000 |
| Agriculture operations loans - <$100k | 2 | $4 | $2,000 |