Rhinebeck Bancorp, Inc. announced net charge off for the third quarter ended September 30, 2022. For the quarter, the company announced that Net charge-offs increased $84,000 to $222,000 from $138,000 for the comparable quarter in 2021 primarily due to increased charge-offs in its indirect automobile portfolio as loan balances increased.
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- Rhinebeck Bancorp, Inc. Announces Net Charge Off for the Third Quarter Ended September 30, 2022