Rhinebeck Bancorp (RBKB) 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 01, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Rhinebeck Bancorp, Inc.
Entity Central Index Key	0001751783
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Amendment Flag	false
Entity Common Stock, Shares Outstanding		11,133,290
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 18,356	$ 50,590
Available for sale securities (at fair value)	115,705	101,312
Loans receivable (net of allowance for loan losses of $7,903 and $6,646, respectively)	758,999	678,402
Federal Home Loan Bank stock	2,608	1,883
Accrued interest receivable	2,793	2,523
Cash surrender value of life insurance	18,359	18,018
Deferred tax assets (net of valuation allowance of $1,210 and $1,085, respectively)	2,340	2,934
Premises and equipment, net	18,571	17,040
Other real estate owned	1,505	1,685
Goodwill	1,410	1,410
Intangible assets, net	252	284
Other assets	5,129	6,342
Total assets	946,027	882,423
Deposits
Noninterest bearing	179,924	171,829
Interest bearing	590,061	512,589
Total deposits	769,985	684,418
Mortgagors’ escrow accounts	3,693	7,725
Advances from the Federal Home Loan Bank	47,936	31,598
Subordinated debt	5,155	5,155
Other borrowings		5,000
Subscription offering proceeds		79,142
Accrued expenses and other liabilities	11,003	10,108
Total liabilities	837,772	823,146
Stockholders' Equity
Preferred stock (par value $0.01 per share; 5,000,000 authorized, 0 issued)
Common stock (par value $0.01 per share; 25,000,000 authorized, 11,133,290 issued and outstanding)	111
Additional paid-in capital	45,865	100
Unallocated common stock held by the employee stock ownership plan	(4,200)
Retained earnings	70,412	66,189
Accumulated other comprehensive loss:
Net unrealized gain (loss) on available for sale securities, net of taxes	363	(2,576)
Defined benefit pension plan, net of taxes	(4,296)	(4,436)
Total accumulated other comprehensive loss	(3,933)	(7,012)
Total stockholders' equity	108,255	59,277
Total liabilities and stockholders' equity	$ 946,027	$ 882,423

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for loan losses on loans receivable	$ 7,903	$ 6,646
Deferred tax valuation allowance	$ 1,210	$ 1,085
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, share authorized	5,000,000	5,000,000
Preferred Stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	25,000,000	25,000,000
Common Stock, shares issued	11,133,290	11,133,290
Common stock, shares outstanding	11,133,290	11,133,290

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest and Dividend Income
Interest and fees on loans	$ 10,160	$ 8,570	$ 28,276	$ 22,713
Interest and dividends on securities	655	578	1,976	1,762
Other income	10	5	51	14
Total interest and dividend income	10,825	9,153	30,303	24,489
Interest Expense
Interest expense on deposits	1,957	1,112	4,980	2,927
Interest expense on borrowings	404	311	1,368	673
Total interest expense	2,361	1,423	6,348	3,600
Net interest income	8,464	7,730	23,955	20,889
Provision for loan losses	450	525	2,010	1,575
Net interest income after provision for loan losses	8,014	7,205	21,945	19,314
Noninterest Income
Service charges on deposit accounts	729	785	2,141	2,030
Net realized loss on sales and calls of securities		(21)	(40)	(22)
Net gain on sales of loans	159	167	367	435
Increase in cash surrender value of life insurance	100	101	300	300
Write-downs of other real estate owned				(387)
Other real estate owned income	8	11	19	32
Investment advisory income	225	225	767	557
Other	238	230	602	685
Total noninterest income	1,459	1,498	4,156	3,630
Noninterest Expense
Salaries and employee benefits	3,944	3,601	11,915	10,520
Occupancy	838	818	2,631	2,572
Data processing	353	283	1,003	851
Professional fees	361	217	987	635
Marketing	166	148	468	532
FDIC deposit insurance and other insurance	29	229	317	608
Other real estate owned expense	73	101	111	184
Amortization of intangible assets	10	11	32	32
Impairment loss on goodwill				95
Other	1,058	1,065	3,334	3,211
Total noninterest expense	6,832	6,473	20,798	19,240
Income before income taxes	2,641	2,230	5,303	3,704
Provision for income taxes	550	266	1,080	545
Net income	$ 2,091	$ 1,964	$ 4,223	$ 3,159
Earnings per common share:
Basic (in dollars per share)	$ 0.20		$ 0.39
Diluted (in dollars per share)	$ 0.20		$ 0.39
Weighted average shares outstanding, basic	10,710,500		10,705,046
Weighted average shares outstanding, diluted	10,710,500		10,705,046

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net Income		$ 2,091	$ 1,964	$ 4,223	$ 3,159
Other Comprehensive Income:
Unrealized holding gains (losses) arising during the period		474	(670)	3,680	(2,455)
Reclassification adjustment for losses included in net realized loss on sales and calls of securities on the consolidated statements of income			21	40	22
Net unrealized gains (losses) on available for sale securities		474	(649)	3,720	(2,433)
Tax effect	[1]	(99)	137	(781)	511
Unrealized gains (losses) on available for sale securities, net of tax		375	(512)	2,939	(1,922)
Defined benefit pension plan:
Actuarial (loss) gain arising during the period		(50)		(111)	823
Reclassification adjustment for amortization of net actuarial loss	[2]	110		289	187
Total		60		178	1,010
Tax effect	[3]	(13)		(38)	(211)
Defined benefit pension plan gain, net of tax		47		140	799
Other comprehensive income (loss)		422	(512)	3,079	(1,123)
Total Comprehensive Income		$ 2,513	$ 1,452	$ 7,302	$ 2,036
[1]	Includes $0 and $8 for the three and nine months ended September 30, 2019 and $4 and $5 for the three and nine months ended September 30, 2018 for tax effect of realized losses which are included in the provision for income taxes on the consolidated statements of income.
[2]	Included in salaries and benefits on the consolidated statements of income.
[3]	Includes $19 and $56 for the three and nine months ended September 30, 2019, respectively and $0 and $39 for the three and nine months ended September 30, 2018, for tax effect of amortization of net actuarial loss included in the provision for income taxes on the consolidated statements of income.

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parentheticals) (unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Available-for-sale Securities, gross realized losses	[1]	$ 99	$ (137)	$ 781	$ (511)
Amortization of net actuarial loss	[2]	(13)		(38)	(211)
Related income tax expense
Available-for-sale Securities, gross realized losses		0	4	8	5
Amortization of net actuarial loss		$ 19	$ 0	$ 56	$ 39
[1]	Includes $0 and $8 for the three and nine months ended September 30, 2019 and $4 and $5 for the three and nine months ended September 30, 2018 for tax effect of realized losses which are included in the provision for income taxes on the consolidated statements of income.
[2]	Includes $19 and $56 for the three and nine months ended September 30, 2019, respectively and $0 and $39 for the three and nine months ended September 30, 2018, for tax effect of amortization of net actuarial loss included in the provision for income taxes on the consolidated statements of income.

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Unallocated common stock held by the ESOP	Retained Earnings	Accumulated Other Comprehensive Loss		Total
Balance at Dec. 31, 2017		$ 100		$ 61,832	$ (6,955)	[1]	$ 54,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				616			616
Other comprehensive income					(1,074)		(1,074)
Balance at Mar. 31, 2018		100		62,448	(8,029)		54,519
Balance at Dec. 31, 2017		100		61,832	(6,955)	[1]	54,977
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income							3,159
Other comprehensive income					(1,123)	[1]	(1,123)
Balance at Sep. 30, 2018		100		64,991	(8,078)	[1]	57,013
Balance at Mar. 31, 2018		100		62,448	(8,029)		54,519
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				579			579
Other comprehensive income					463		463
Balance at Jun. 30, 2018		100		63,027	(7,566)	[1]	55,561
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,964			1,964
Other comprehensive income					(512)	[1]	(512)
Balance at Sep. 30, 2018		100		64,991	(8,078)	[1]	57,013
Balance at Dec. 31, 2018		100		66,189	(7,012)	[1]	59,277
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				911			911
Other comprehensive income					1,096		1,096
Common Stock and proceeds of offering	$ 111	45,754					45,865
Unallocated common stock held by ESOP			$ (4,364)				(4,364)
ESOP shares committed to be allocated		9	55				64
Balance at Mar. 31, 2019	111	45,863	(4,309)	67,100	(5,916)		102,849
Balance at Dec. 31, 2018		100		66,189	(7,012)	[1]	59,277
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income							4,223
Other comprehensive income					3,079	[1]	3,079
Balance at Sep. 30, 2019	111	45,865	(4,200)	70,412	(3,933)	[1]	108,255
Balance at Mar. 31, 2019	111	45,863	(4,309)	67,100	(5,916)		102,849
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,221			1,221
Other comprehensive income					1,561		1,561
Common Stock and proceeds of offering		(10)					(10)
ESOP shares committed to be allocated		8	54				62
Balance at Jun. 30, 2019	111	45,861	(4,255)	68,321	(4,355)	[1]	105,683
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				2,091			2,091
Other comprehensive income					422	[1]	422
ESOP shares committed to be allocated		4	55				59
Balance at Sep. 30, 2019	$ 111	$ 45,865	$ (4,200)	$ 70,412	$ (3,933)	[1]	$ 108,255
[1]	All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0%.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Cash Flows From Operating Activities
Net income			$ 4,223	$ 3,159
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and accretion of premiums and discounts on investments, net			169	265
Net realized loss on sales and calls of securities			40	22
Provision for loan losses	$ 450	$ 525	2,010	1,575	$ 2,100
Loans originated for sale			(32,392)	(26,937)
Proceeds from sale of loans			30,807	29,146
Net gain on sale of loans			(367)	(435)
Amortization of intangible assets	10	11	32	32
Depreciation and amortization			969	866
Impairment loss on goodwill				95
Write-down of other real estate owned				387
Deferred income tax expense			(224)	(12)
Increase in cash surrender value of insurance	(100)	(101)	(300)	(300)
Increase in accrued interest receivable			(270)	(269)
Increase (decrease) in other assets			1,213	(788)
Increase in accrued expenses and other liabilities			1,258	7
Net cash provided by operating activities			7,168	6,813
Cash Flows from Investing Activities
Proceeds from sales and calls of securities			5,554	2,113
Proceeds from maturities and principal repayments of securities			11,952	11,881
Purchases of securities			(28,388)	(3,885)
Net purchases of FHLB Stock			(725)	(1,766)
Net increase in loans			(80,656)	(89,224)
Purchases of bank owned life insurance			(41)	(41)
Purchases of bank premises and equipment			(2,500)	(434)
Proceeds from sale of other real estate owned			180	108
Net cash used in investing activities			(94,624)	(81,248)
Cash Flows from Financing Activities
Net increase in demand deposits, NOW, money market and savings accounts			31,429	30,911
Net increase in time deposits			54,138	10,702
Decrease in mortgagors' escrow accounts			(4,032)	(3,763)
Net (decrease) increase in short-term debt			(13,954)	20,537
Net increase in long-term debt			25,292	18,184
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			55,222	76,571
Net (decrease) increase in cash and due from banks			(32,234)	2,136
Cash and Due from Banks
Beginning balance			50,590	10,460	10,460
Ending balance	$ 18,356	$ 12,596	18,356	12,596	$ 50,590
Cash paid for:
Interest			6,424	3,483
Income taxes			$ 1,040	$ 368

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Nature of Business and Significant Accounting Policies	1. Nature of Business and Significant Accounting Policies The consolidated financial statements include accounts of Rhinebeck Bancorp, Inc. (the “Company”), a stock holding company, and its wholly-owned subsidiary, Rhinebeck Bank (the “Bank”), a New York chartered stock savings bank. The primary purpose of the Company is to act as a holding company for the Bank. The Bank provides a full range of banking and financial services to consumer and commercial customers through its eleven branches and two representative offices located in Dutchess, Ulster, Orange, and Albany counties. Financial services including investment advisory and financial product sales are offered through a division of the Bank doing business as Rhinebeck Asset Management (“RAM”). The unaudited consolidated financial statements reflect all adjustments, which in the opinion of management, are necessary for a fair presentation of the results of the interim periods and are of a normal and recurring nature. Operating results for the three and nine month periods ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 or for any other period. For more information regarding the Company’s significant accounting policies, see the Notes to the Consolidated Financial Statements in the Company’s Annual Report on Form 10‑K Annual Report on Form 10‑K for the year ended December 31, 2018 Basis of Financial Statements Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, as of the date of the consolidated statements of financial condition and reported amounts of revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of securities and other real estate owned, the evaluation of investment securities for other-than-temporary impairment, the evaluation of goodwill for impairment, the valuation of deferred tax assets and the determination of pension obligations. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. As a result of the reorganization, the consolidation refers to the Company and the Bank for the periods after January 16, 2019 and Rhinebeck Bancorp, MHC, a New York chartered mutual holding company, and the Bank for the periods prior to January 16, 2019. All significant intercompany accounts and transactions have been eliminated in consolidation. Reclassifications Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year’s presentation. Impact of Recent Accounting Pronouncements Effective January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2014‑09, “Revenue from Contracts with Customers (Topic 606)”. ASU No. 2014‑09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. The Company used the modified retrospective method for transition with the cumulative effect recognized as of the date of initial application with no restatement of prior periods. The adoption did not have a material effect on the Company’s financial statements as the recognition of interest income has been scoped out of the guidance and noninterest income recognition is similar to current revenue recognition practices. See Note 14 for additional information related to the adoption of ASU No. 2014‑09. In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016‑02 “Leases (Topic 842).” This standard requires entities that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018 for public companies, but the Company will have until the first quarter of 2020 to adopt due to its emerging growth company status. The guidance is required to be applied by the modified retrospective transition approach. Early adoption is permitted. We are currently assessing the impact of the adoption of this authoritative guidance on our consolidated financial statements and collecting the data necessary for that assessment and adoption. In June 2016, the FASB issued ASU No. 2016‑13 on “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU requires credit losses on most financial assets be measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (“CECL”) model). Under this model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications unless reasonable expectation of a troubled debt restructuring exists) from the date of initial recognition of that instrument. The measurement of expected credit losses is based upon relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount. On October 16, 2019, the FASB approved a delay for conversion to the CECL methodology to January 2023 for smaller reporting companies, other public business entities, private companies and non-profits; although early adoption is permitted in 2019. The Company is currently assessing the effect of ASU No. 2016‑13 and has engaged with a software vendor to assist in its efforts. Effective January 1, 2019, the Company adopted ASU No. 2018-07, “Compensation- Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting”. This update expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. As a result, nonemployee share-based payment awards will be measured at the grant-date fair value of the equity instruments that an entity is obligated to issue when the service has been rendered, subject to the probability of satisfying performance conditions when applicable. The Company has not and does not expect to engage in this type of compensation practice, and therefore this update did not and likely will not, have an effect on the Company. Effective January 1, 2019, the Company adopted ASU 2017-04 “Intangibles – Goodwill and Other (Topic 350).” ASU 2017-04 simplifies the test for goodwill impairment, which eliminates the second step in the goodwill impairment test which requires an entity to determine the implied fair value of the reporting unit’s goodwill. Instead, an entity should recognize an impairment loss if the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, with the impairment loss not to exceed the amount of goodwill allocated to the reporting unit. The adoption of ASU 2017-04 did not have a material impact on the Company’s consolidated financial statements. Emerging Growth Company Status As an emerging growth company, the Company may delay adoption of new or revised financial accounting standards until such date that the standards are required to be adopted by non-issuer companies. If such standards would not apply to non-issuer companies, no deferral would be applicable. The Company intends to take advantage of the benefits of the extended transition periods allowed under the Jumpstart Our Business Startups Act. Accordingly, the Company’s consolidated financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the recent accounting standards reflect those that relate to non-issuer companies.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2019
Debt Securities, Available-for-sale [Abstract]
Investment Securities	2. Investment Securities The amortized cost, gross unrealized gains and losses and fair values of available for sale securities are as follows: September 30, 2019 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value U.S. government agency mortgage-backed securities–residential $ 92,951 $ 754 $ (407) $ 93,298 U.S. government agency securities 19,366 91 (71) 19,386 Municipal securities 1 888 20 — 908 Corporate Bonds 1,500 15 — 1,515 Other 541 57 — 598 Total $ 115,246 $ 937 $ (478) $ 115,705 December 31, 2018 U.S. Treasury securities $ 3,036 $ — $ (65) $ 2,971 U.S. government agency mortgage-backed securities–residential 82,965 8 (2,757) 80,216 U.S. government agency securities 16,919 — (451) 16,468 Municipal securities (1) 1,228 4 — 1,232 Other 425 — — 425 Total $ 104,573 $ 12 $ (3,273) $ 101,312 1 The issuers of municipal securities are all within New York State. The following table presents the fair value and unrealized losses of the Company’s available for sale securities with gross unrealized losses aggregated by the length of time the individual securities have been in a continuous unrealized loss position: September 30, 2019 Less Than 12 Months 12 Months or Longer Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. government agency mortgage-backed securities-residential $ 12,419 $ (56) $ 29,600 $ (351) $ 42,019 $ (407) U.S. government agency securities — — 12,862 (71) 12,862 (71) Total $ 12,419 $ (56) $ 42,462 $ (422) $ 54,881 $ (478) December 31, 2018 U.S. Treasury securities $ — $ — $ 2,971 $ (65) $ 2,971 $ (65) U.S. government agency mortgage-backed securities-residential 1,669 (4) 76,586 (2,753) 78,255 (2,757) U.S. government agency securities 0 0 16,468 (451) 16,468 (451) Total $ 1,669 $ (4) $ 96,025 $ (3,269) $ 97,694 $ (3,273) At September 30, 2019 and December 31, 2018, the Company had 61 and 96 individual available-for-sale securities with unrealized losses totaling $478 and $3,273, respectively, with an aggregate depreciation of 0.87% and 3.35%, respectively, from the Company’s amortized cost. Management believes that none of the unrealized losses on available for sale securities are other-than-temporary because substantially all of the unrealized losses in the Company’s investment portfolio relate to market interest rate changes on debt and mortgage-backed securities issued either directly by the government or from government sponsored enterprises. Because the Company does not intend to sell the securities and it is not likely that the Company will be required to sell the securities before recovery of their amortized cost basis, which may be maturity, the Company did not consider those investments to be other-than-temporarily impaired at September 30, 2019 or December 31, 2018. The amortized cost and fair value of available for sale debt securities at September 30, 2019 and December 31, 2018, by contractual maturities, are presented below. Actual maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the securities may be called or repaid without any penalties. Because mortgage-backed securities are not due at a single maturity date, they are not included in the maturity categories in the following maturity summary: September 30, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Maturity: Within 1 year $ 1,075 $ 1,074 $ 1,221 $ 1,210 After 1 but within 5 years 13,443 13,374 17,253 16,780 After 5 but within 10 years 7,056 7,181 1,975 1,945 After 10 years 180 180 734 736 Total Maturities 21,754 21,809 21,183 20,671 Mortgage-backed securities 92,951 93,298 82,965 80,216 Other 541 598 425 425 Total $ 115,246 $ 115,705 $ 104,573 $ 101,312 At September 30, 2019 and December 31, 2018, available for sale securities with a carrying value of $25,327 and $27,465, respectively, were pledged to secure Federal Home Loan Bank of New York (“FHLB”) borrowings. In addition, $728 and $1,032 of available for sale securities, respectively, were pledged to secure borrowings at the Federal Reserve Bank of New York. During the nine months ended September 30, 2019, there was $5,554 in proceeds from the sales of available for sale securities with $40 in gross losses realized. Proceeds from the sale of available for sale securities and calls aggregated $2,113 with $22 in gross losses realized for the year ended December 31, 2018.

Loans and allowance for loan lo

Loans and allowance for loan losses	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Loans and allowance for loan losses	3. Loans and Allowance for Loan Losses A summary of the Company’s loan portfolio is as follows: September 30, December 31, 2019 2018 Commercial real estate loans: Construction $ 16,654 $ 12,870 Non-residential 208,778 197,499 Multi-family 20,272 12,661 Residential real estate loans 41,344 43,534 Commercial and industrial loans 88,187 83,203 Consumer loans: Indirect automobile 354,394 297,144 Home equity 17,336 19,269 Other consumer 10,133 10,826 Total gross loans 757,098 677,006 Net deferred loan costs 9,804 8,042 Allowance for loan losses (7,903) (6,646) Total net loans $ 758,999 $ 678,402 At September 30, 2019 and December 31, 2018, the unpaid principal balances of loans held for sale, included in the residential real estate category above, were $1,065 and $888, respectively. The following tables present the classes of the loan portfolio summarized by the pass category and the criticized and classified categories of special mention, substandard and doubtful within the internal risk system: September 30, 2019 Pass Special Mention Substandard Doubtful Total Commercial real estate: Construction $ 16,654 $ — $ — $ — $ 16,654 Non-residential 200,820 3,614 4,175 169 208,778 Multifamily 19,888 — 384 — 20,272 Residential real estate 38,687 — — 2,657 41,344 Commercial and industrial 86,255 621 889 422 88,187 Consumer: Indirect automobile 353,720 — — 674 354,394 Home equity 16,854 — — 482 17,336 Other consumer 10,084 — — 49 10,133 Total $ 742,962 $ 4,235 $ 5,448 $ 4,453 $ 757,098 December 31, 2018 Pass Special Mention Substandard Doubtful Total Commercial real estate: Construction $ 12,870 $ — $ — $ — $ 12,870 Non-residential 186,020 6,840 4,639 — 197,499 Multifamily 12,261 — 400 — 12,661 Residential real estate 41,249 — — 2,285 43,534 Commercial and industrial 81,111 965 1,124 3 83,203 Consumer: Indirect automobile 296,692 — — 452 297,144 Home equity 19,071 — — 198 19,269 Other consumer 10,816 — — 10 10,826 Total $ 660,090 $ 7,805 $ 6,163 $ 2,948 $ 677,006 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The past due status of all classes of loans is determined based on contractual due dates for loan payments. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and non-accrual loans: September 30, 2019 Greater Than 30-59 Days 60-89 Days 90 Days Past Total Loans Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: Construction $ 16,654 $ — $ — $ — $ 16,654 $ — Non-residential 202,855 235 1,835 3,853 208,778 3,853 Multifamily 19,887 — — 385 20,272 385 Residential real estate 39,871 48 357 1,068 41,344 2,657 Commercial and industrial 87,459 10 296 422 88,187 674 Consumer: Indirect automobile 347,611 5,228 902 653 354,394 673 Home equity 16,678 159 115 384 17,336 482 Other consumer 9,878 149 57 49 10,133 49 Total $ 740,893 $ 5,829 $ 3,562 $ 6,814 $ 757,098 $ 8,773 December 31, 2018 Greater Than 30-59 Days 60-89 Days 90 Days Past Total Loans Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: Construction $ 12,870 $ — $ — $ — $ 12,870 $ — Non-residential 193,273 1,466 253 2,507 197,499 2,507 Multifamily 12,487 174 — — 12,661 — Residential real estate 42,083 305 615 531 43,534 2,208 Commercial and industrial 82,992 206 1 4 83,203 297 Consumer: Indirect automobile 291,369 4,429 915 431 297,144 452 Home equity 18,905 264 — 100 19,269 198 Other consumer 10,601 186 29 10 10,826 10 Total $ 664,580 $ 7,030 $ 1,813 $ 3,583 $ 677,006 $ 5,672 The following tables summarize information in regard to impaired loans by loan portfolio class: September 30, 2019 Recorded Unpaid Principal Related Average Recorded Investment Balance Allowance Investment With no related allowance recorded: Commercial real estate: Construction $ — $ — $ — $ — Non-residential 3,853 3,915 — 3,180 Multifamily 385 409 — 192 Residential real estate 2,657 3,150 — 2,471 Commercial and industrial 674 814 — 486 Consumer: Indirect automobile 374 421 — 324 Home equity 482 532 — 340 Other consumer 11 11 — 10 Total $ 8,436 $ 9,252 $ — $ 7,003 With an allowance recorded: Commercial real estate: Construction $ — $ — $ — $ — Non-residential — — — — Multifamily — — — — Residential real estate — — — — Commercial and industrial — — — — Consumer: Indirect automobile 299 323 118 239 Home equity — — — — Other consumer 38 40 6 19 Total $ 337 $ 363 $ 124 $ 258 Total: Commercial real estate: Construction $ — $ — $ — $ — Non-residential 3,853 3,915 — 3,180 Multifamily 385 409 — 192 Residential real estate 2,657 3,150 — 2,471 Commercial and industrial 674 814 — 486 Consumer: Indirect automobile 673 744 118 563 Home equity 482 532 — 340 Other consumer 49 51 6 29 Total $ 8,773 $ 9,615 $ 124 $ 7,261 December 31, 2018 Recorded Unpaid Principal Related Average Recorded Investment Balance Allowance Investment With no related allowance recorded: Commercial real estate: Construction $ — $ — $ — $ 563 Non-residential 2,507 2,601 — 3,023 Multifamily — — — — Residential real estate 2,285 2,841 — 2,235 Commercial and industrial 297 421 — 758 Consumer: Indirect automobile 274 320 — 242 Home equity 198 211 — 158 Other consumer 10 10 — 5 Total $ 5,571 $ 6,404 $ — $ 6,984 With an allowance recorded: Commercial real estate: Construction $ — $ — $ — $ — Non-residential — — — 451 Multifamily — — — — Residential real estate — — — — Commercial and industrial — — — 9 Consumer: Indirect automobile 178 191 50 205 Home equity — — — — Other consumer — — — 2 Total $ 178 $ 191 $ 50 $ 667 Total: Commercial real estate: Construction $ — $ — $ — $ 563 Non-residential 2,507 2,601 — 3,474 Multifamily — — — — Residential real estate 2,285 2,841 — 2,235 Commercial and industrial 297 421 — 767 Consumer: Indirect automobile 452 511 50 447 Home equity 198 211 — 158 Other consumer 10 10 — 7 Total $ 5,749 $ 6,595 $ 50 $ 7,651 A loan is considered impaired when based on current information and events it is probable that the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming loans and loans modified as troubled debt restructurings. Loan modifications, which resulted in these loans being considered TDRs, are primarily in the form of rate concessions and extensions of maturity dates. The Company does not generally recognize interest income on a loan in an impaired status. At September 30, 2019 and December 31, 2018, three loans totaling $1,687 and the same three loans totaling $1,774, respectively, included in impaired loans, were identified as TDRs. There were no new TDRs in the first nine months of 2019. In 2018, the Company restructured two loans, a residential mortgage and home equity loan, into a single residential mortgage, with a carrying value of $117, which included both rate and term modifications. At September 30, 2019 and December 31, 2018, all TDR loans were performing in accordance with their restructured terms. During the year ended December 31, 2018, one loan for $19 had defaulted in its modified terms and was charged off. At September 30, 2019 and December 31, 2018, the Company had no commitments to advance additional funds to borrowers under TDR loans. The Company services certain loans that it has sold without recourse to third parties. The aggregate balances of loans serviced for others were $265,629 and $255,892 as of September 30, 2019 and December 31, 2018, respectively. The balance of capitalized servicing rights, included in other assets at September 30, 2019 and December 31, 2018, were $2,192 and $2,278, respectively. Fair value exceeds carrying value. No impairment charges related to servicing rights were recognized during the period ended September 30, 2019 and the year ended December 31, 2018. The following tables summarize the segments of the loan portfolio and the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment and the activity in the allowance for loan losses for the periods then ended: Commercial Commercial Real Estate Residential and Industrial Indirect Consumer Totals Three months ended September 30, 2019 Allowance for loan losses: Beginning balance $ 1,252 $ 305 $ 1,895 $ 3,606 $ 800 $ 7,858 Provision for loan losses (79) (49) (276) 898 (44) 450 Loans charged-off — — (43) (494) (67) (604) Recoveries — — 14 173 12 199 Ending balance $ 1,173 $ 256 $ 1,590 $ 4,183 $ 701 $ 7,903 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Three months ended September 30, 2018 Allowance for loan losses: Beginning balance $ 947 $ 513 $ 1,082 $ 2,621 $ 776 $ 5,939 Provision for loan losses (77) (40) (27) 728 (59) 525 Loans charged-off — — (1) (365) (6) (372) Recoveries — 1 1 211 5 218 Ending balance $ 870 $ 474 $ 1,055 $ 3,195 $ 716 $ 6,310 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Nine months ended September 30, 2019 Allowance for loan losses: Beginning balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Provision for loan losses 93 (67) 89 1,930 (35) 2,010 Loans charged-off — — (55) (1,413) (82) (1,550) Recoveries — 3 14 751 29 797 Ending balance $ 1,173 $ 256 $ 1,590 $ 4,183 $ 701 $ 7,903 Ending balance: Loans deemed impaired $ — $ — $ — $ 118 $ 6 $ 124 Loans not deemed impaired $ 1,173 $ 256 $ 1,590 $ 4,065 $ 695 $ 7,779 Loan receivables: Ending balance $ 245,704 $ 41,344 $ 88,187 $ 354,394 $ 27,469 $ 757,098 Ending balance: Loans deemed impaired $ 4,238 $ 2,657 $ 674 $ 673 $ 531 $ 8,773 Loans not deemed impaired $ 241,466 $ 38,687 $ 87,513 $ 353,721 $ 26,938 $ 748,325 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Nine months ended September 30, 2018 Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 Provision for loan losses (132) 15 91 1,545 56 1,575 Loans charged-off (303) — (28) (1,100) (25) (1,456) Recoveries — 4 113 600 17 734 Ending balance $ 870 $ 474 $ 1,055 $ 3,195 $ 716 $ 6,310 Ending balance: Loans deemed impaired $ — $ — $ 5 $ 83 $ 11 $ 99 Loans not deemed impaired $ 870 $ 474 $ 1,050 $ 3,112 $ 705 $ 6,211 Loan receivables: Ending balance $ 224,699 $ 44,387 $ 79,055 $ 272,892 $ 30,013 $ 651,046 Ending balance: Loans deemed impaired $ 4,668 $ 2,445 $ 630 $ 542 $ 294 $ 8,579 Loans not deemed impaired $ 220,031 $ 41,942 $ 78,425 $ 272,350 $ 29,719 $ 642,467 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Year ended December 31, 2018 Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 Provision for loan losses (45) (140) 578 1,539 168 2,100 Loans charged-off (303) — (37) (1,607) (66) (2,013) Recoveries 123 5 122 833 19 1,102 Ending balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Ending balance: Loans deemed impaired $ — $ — $ — $ 50 $ — $ 50 Loans not deemed impaired $ 1,080 $ 320 $ 1,542 $ 2,865 $ 789 $ 6,596 Loan receivables: Ending balance $ 223,030 $ 43,534 $ 83,203 $ 297,144 $ 30,095 $ 677,006 Ending balance: Loans deemed impaired $ 2,507 $ 2,285 $ 297 $ 452 $ 208 $ 5,749 Loans not deemed impaired $ 220,523 $ 41,249 $ 82,906 $ 296,692 $ 29,887 $ 671,257 In the normal course of business, the Company grants loans to officers, directors and other related parties. Balances and activity of such loans during the periods presented were not material.

Premises and Equipment

Premises and Equipment	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Premises and Equipment	4. Premises and Equipment Premises and equipment are summarized as follows: September 30, December 31, 2019 2018 Land $ 3,690 $ 3,536 Buildings and improvements 25,347 23,534 Furniture, fixtures and equipment 12,047 11,708 Construction in process 245 51 Total 41,329 38,829 Less accumulated depreciation (22,758) (21,789) Net $ 18,571 $ 17,040

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2019
Goodwill, Impaired [Abstract]
Goodwill	5. Goodwill The changes in the carrying value of goodwill are as follows: Nine Months Year Ended Ended September 30, December 31, RAM 2019 2018 Beginning balance $ 1,410 $ 1,505 Impairment — (95) Ending balance $ 1,410 $ 1,410 Accumulated impairment $ 1,116 $ 1,116 In 2018, the Company tested the goodwill recorded for RAM and determined that a write-down of $95 was required to reflect impairment due to the loss of expected revenue.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	6. Intangible Assets The changes in the carrying value of customer list intangible are as follows: Nine Months Year Ended Ended September 30, December 31, RAM 2019 2018 Beginning balance $ 284 $ 326 Amortization (32) (42) Ending balance $ 252 $ 284 Accumulated amortization and impairment $ 695 $ 663 The value assigned to customer list intangibles is based upon a multiple of the amount of commission revenue generated from the identified premiums. The customer lists are expected to have useful lives of 13 years and 4 months. The Company recognized $32 and $42 of amortization expense related to its intangible assets for the nine months ended September 30, 2019 and the year ended December 31, 2018. At September 30, 2019, based upon the amount of future commission revenue available from the then existing RAM customer premiums on hand, the Company determined that the fair value of the amortizable intangible assets exceeded their carrying values. As of September 30, 2019, the future amortization expense for amortizable intangible assets for the respective years is as follows: 2019 $ 10 2020 42 2021 42 2022 42 2023 42 Thereafter 74 Total $ 252

Deposits

Deposits	9 Months Ended
	Sep. 30, 2019
Deposits [Abstract]
Deposits	7. Deposits Deposits balances are summarized as follows: September 30, December 31, 2019 2018 Noninterest bearing demand deposits $ 179,924 $ 171,829 Interest bearing accounts: NOW 98,769 99,715 Savings 121,095 126,822 Money market 160,363 130,356 Time certificates of deposit 209,834 155,696 Total interest bearing accounts 590,061 512,589 Total deposits $ 769,985 $ 684,418 Included in time certificates of deposit at September 30, 2019 and December 31, 2018 were reciprocal deposits totaling $19,078 and $21,515, respectively, with original maturities of one to three years. Time certificates of deposit in denominations of $250 or greater were $43,264 and $16,644 as of September 30, 2019 and December 31, 2018, respectively. Contractual maturities of time certificates of deposit at September 30, 2019 are summarized below: September 30, 2019 Within 1 year $ 172,954 1 – 2 years 14,506 2 – 3 years 13,487 3 – 4 years 2,789 4 – 5 years 6,098 Total $ 209,834

Long-Term Debt and FHLB Stock

Long-Term Debt and FHLB Stock	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt and FHLB Stock	8. Long-Term Debt and FHLB Stock FHLB Borrowings and Stock The Bank is a member of the FHLB. At September 30, 2019 and December 31, 2018, the Bank had access to a preapproved secured line of credit with the FHLB of $472,936 and $441,134, respectively. Borrowings under this line require collateralization through the pledge of specific loans and securities. At September 30, 2019 and December 31, 2018, the Bank had pledged assets of $157,255 and $145,805, respectively. At September 30, 2019, the Bank also had structured borrowings in the amount of $47,936. The outstanding principal amounts and the related terms and rates at September 30, 2019 were as follows: Term Principal Maturity Rate Due in one year Long term 2 year amortizing $ 1,908 May 15, 2020 2.78 % $ 1,908 $ — 2 year amortizing 2,117 June 8, 2020 2.76 % 2,117 — 2 year amortizing 8,777 May 17, 2021 2.53 % 4,968 3,809 2 year bullet 10,000 May 17, 2021 2.46 % — 10,000 3 year amortizing 5,939 May 17, 2021 2.92 % 3,357 2,582 3 year amortizing 9,195 May 16, 2022 2.49 % 3,271 5,924 3 year bullet 10,000 May 16, 2022 2.44 % — 10,000 Total $ 47,936 Weighted Average Rate 2.56 % $ 15,621 $ 32,315 The Bank is required to maintain an investment in capital stock of the FHLB, as collateral, in an amount equal to a certain percentage of its outstanding debt. FHLB stock is considered restricted stock and is carried at cost. The Bank evaluates for impairment based on the ultimate recovery ability of the cost. No impairment was recognized at either September 30, 2019 or December 31, 2018. Subordinated Debt As part of the reorganization completed on January 16, 2019, the Company acquired both the common securities and related obligations of RSB Capital Trust I (“Trust”). The Trust, which has no independent assets or operations, was formed in 2005 for the sole purpose of issuing trust preferred securities and investing the proceeds thereof in an equivalent amount of junior subordinated debentures. The proceeds from the issuance of the trust preferred securities are currently considered Tier 1 capital for purposes of determining the Bank’s capital ratios. The trust securities also bear interest at 3-month LIBOR plus 2.00%. The duration of the Trust is 30 years. The subordinated debt securities of $5,155 are unsecured obligations of the Company and are subordinate and junior in right of payment to all present and future senior indebtedness of the Company. The Company has entered into a guarantee, which together with its obligations under the subordinated debt securities and the declaration of trust governing the Trust, including its obligations to pay costs, expenses, debts and liabilities, provides a full and unconditional guarantee of amounts on the capital securities. The subordinated debentures, which bear interest at 3-month LIBOR plus 2.00% (4.15% at September 30, 2019 and 4.65% at December 31, 2018) mature on May 23, 2035. Other Borrowings The Company maintains an unsecured line of credit in the amount of $5,000 with Atlantic Community Bankers Bank. At September 30, 2019, there were no advances under this line. On December 31, 2018, there was an outstanding advance of $5,000 to Rhinebeck Bancorp, MHC which was paid in full on January 16, 2019 at the close of the Company’s offering. The Bank also has an unsecured, uncommitted $10,000 line of credit with Zions Bank. There were no advances outstanding under this line of credit at either September 30, 2019 or December 31, 2018.

Employee Benefits

Employee Benefits	9 Months Ended
	Sep. 30, 2019
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Employee Benefits	9 . Employee Benefits Pension Plan The Bank maintains a noncontributory defined benefit pension plan covering substantially all of its employees 21 years of age or older who had completed at least one year of service as of June 30, 2012, the effective date on which, the Board of Directors of the Bank voted to freeze the its defined benefit plan. The following table sets forth the plan’s funded status and amounts recognized in the Company’s consolidated statements of financial condition: Nine months Year ended ended September 30, December 31, 2019 2018 Projected and accumulated benefit obligation $ (21,136) $ (18,241) Plan assets at fair value 20,354 17,459 Funded status included in other liabilities $ (782) $ (782) The net periodic pension (benefit) cost and amounts recognized in other comprehensive income (loss) are as follows: Nine months ended Nine months ended September 30, September 30, 2019 2018 Interest cost $ 555 $ 345 Expected return on plan assets (705) (537) Amortization of unrecognized loss 328 187 Net periodic cost (benefit) $ 178 $ (5) The expected long-term rate of return on plan assets has been determined by applying historical average investment returns from published indexes relating to the current allocation of assets in the plan. Plan assets are invested in pooled separate accounts consisting of underlying investments in eleven diversified investment funds. As of September 30, 2019 the investment funds included seven equity funds and four fixed income funds, comprised of three bond funds and a real estate fund, each with its own investment objectives, investment strategies and risks, as detailed in the Company’s investment policy statement. The Company determines the appropriate strategic asset allocation versus plan liabilities, as governed by the investment policy statement. The assets of the plan are invested under the supervision of the Company’s investment committee in accordance with the investment policy statement. The investment options of the plan are chosen in a manner consistent with generally accepted standards of fiduciary responsibility. The investment performance of the Company’s individual investment managers, with the assistance of the Company’s investment consultant, is monitored on a quarterly basis and is reviewed at least annually relative to the objectives and guidelines as stated in the Company’s investment policy statement. In 2018, the Company made a contribution to the plan in the amount of $570. The Company does not expect to make a contribution in 2019. The fair value of the Company’s pension plan assets, by fair value hierarchy, are as follows: September 30, 2019 Level 1 Level 2 Level 3 Total Assets: Investment in separate accounts Fixed income $ — $ 15,542 $ — $ 15,542 Equity — 4,812 — 4,812 Total assets at fair value $ — $ 20,354 $ — $ 20,354 December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Investment in separate accounts Fixed income $ — $ 13,638 $ — $ 13,638 Equity — 3,821 — 3,821 Total assets at fair value $ — $ 17,459 $ — $ 17,459 The pooled separate accounts are valued at the net asset per unit based on either the observable net asset value of the underlying investment or the net asset value of the underlying pool of securities. Net asset value is based on the value of the underlying assets owned by the fund, minus its liabilities and then divided by the number of shares outstanding. Pooled separate accounts are classified within level 2 of the valuation hierarchy described in Note 1. For a detailed disclosure on the Bank’s pension and employee benefits plans, please refer to Note 11 of the Company’s Consolidated Financial Statements for the year ended December 31, 2018 included in the Company’s Annual Report on Form 10‑K . Defined Contribution Plan The Company sponsors a 401(k) defined contribution plan. Participants are permitted, in accordance with the provisions of Section 401(k) of the Internal Revenue Code, to contribute up to 25% of their earnings (as defined) into the plan with the Company matching up to 6%, subject to Internal Revenue Service limitations. The Company’s contributions charged to operations amounted to $643 and $577 for the nine months ended September 30, 2019 and 2018, respectively. Bank Owned Life Insurance The Company has an investment in and is the beneficiary of, life insurance policies on the lives of certain officers and trustees. The purpose of these life insurance policies is to provide income through the appreciation in cash surrender value of the policies, which is expected to offset the cost of the deferred compensation plans. These policies have aggregate cash surrender values of $18,359 and $18,018 at September 30, 2019 and December 31, 2018, respectively. Net earnings on these policies aggregated $300 and $300 for the nine months ended September 30, 2019 and 2018, respectively, which are included in noninterest income in the consolidated statements of income. Deferred Compensation Arrangements Directors’ Plan The Bank’s Deferred Compensation Plan for Fees of Directors, as amended and restated effective January 1, 2005 (the “Directors’ Plan”) covers Directors who elect to defer receipt of all or a portion of their fees until separation from service. Upon resignation, retirement, or death the participant’s total deferred compensation, including earnings thereon, will be paid out. At September 30, 2019 and December 31, 2018, total amounts due of $1,945 and $1,687, respectively, are included in accrued expenses and other liabilities. Total expenses related to the Directors’ Plan were $91 and $95 for the nine months ended September 30, 2019 and 2018, respectively, which were included in other noninterest expense in the consolidated statements of income. Executive Long-Term Incentive and Retention Plan The Bank maintains an Executive Long-Term Incentive and Retention Plan (the “Executive Plan”). Participation in the Executive Plan is limited to officers of the Company designated as participants by the Board of Directors and who filed a properly completed and executed participation agreement in accordance with the terms of the Executive Plan. Under the Executive Plan, the Board of Directors may grant annual incentive awards equal to a percentage of a participant’s base salary at the rate in effect on the last day of the Plan year, as determined by the Board of Directors based on the attainment of criteria established annually by the Board of Directors. Incentive awards under the Executive Plan are credited to the participant’s incentive benefit account as of the last day of the Executive Plan year to which the award relates and earn interest at a rate determined annually by the Board of Directors. Participants vest in their benefit accounts in accordance with the vesting schedule approved by the Board of Directors, which ranges from one to five years of service. At September 30, 2019 and December 31, 2018, $1,013 and $975, respectively, is included in accrued expenses and other liabilities, which represents the cumulative amounts deferred and earnings thereon. The Company recognized expenses of $405 and $379 for the nine months ended September 30, 2019 and 2018, respectively, related to this plan and which are included in salaries and employee benefits expense in the consolidated statements of income. Group Term Replacement Plan Under the terms of the “Group Term Replacement Plan”, the Company provides postretirement life insurance benefits to certain officers. The liability related to these postretirement benefits is being accrued over the individual participants’ service period and aggregated $1,316 and $1,276, respectively, at September 30, 2019 and December 31, 2018. The Company recognized expenses of $40 and $40 for the nine-month periods ended September 30, 2019 and September 30, 2018, related to this plan which are included in salaries and employee benefits expense in the consolidated statements of income. Other Director and Officer Postretirement Benefits The Company has individual fee continuation agreements with certain directors and a supplemental retirement agreement with an executive officer which provide for fixed postretirement benefits to be paid to the directors and the officer, or their beneficiaries, for periods ranging from 15 to 20 years. In addition, the Company has agreements with certain directors which provide for certain postretirement life insurance benefits. The liability related to these postretirement benefits is being accrued over the individual participants’ service period and aggregated $2,128 and $2,108, respectively, at September 30, 2019 and December 31, 2018. The Company recognized expenses of $67 and $75 for the nine months ended September 30, 2019 and 2018, respectively, related to these benefits which are included in other noninterest expenses in the consolidated statements of income. Employee Stock Ownership Plan On January 1, 2019, the Bank established an Employee Stock Ownership Plan (“ESOP”) to provide eligible employees the opportunity to own Company stock. The plan is a tax-qualified retirement plan for the benefit of Bank employees. On January 16, 2019, the Company granted a loan to the ESOP for the purchase of 436,425 shares of the Company’s common stock at a price of $10.00 per share. The loan obtained by the ESOP from the Company to purchase the common stock is payable annually over 20 years at a rate per annum equal to the Prime Rate, reset annually on January 1st (5.50% at January 16, 2019). Loan payments are principally funded by cash contributions from the Bank. The loan is secured by the shares purchased, which are held in a suspense account for allocation among participants as the loan is repaid. The balance of the ESOP loan at September 30, 2019 was $4,364. Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax limits. The number of shares committed to be released annually is 21,821 through 2039. Shares held by the ESOP include the following: September 30, 2019 Allocated — Committed to be allocated 16,362 Unallocated 420,063 Total shares 436,425 The fair value of unallocated shares was $4,495 at September 30, 2019. Total compensation expense recognized in connection with the ESOP for the nine months ended September 30, 2019 was $185.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies Leases and Subleases The Company leases certain branch offices and equipment under operating lease agreements which expire at various dates through 2025. The Company has the option to renew the leases for its branch offices at fair rental values. In addition to rental payments, the branch leases require payments for property taxes in excess of base year taxes. As of September 30, 2019, future minimum rental commitments under the terms of these leases, by year and in the aggregate, are as follows: Years ending December 31: 2019 $ 149 2020 627 2021 633 2022 578 2023 555 2024 and beyond 563 Total $ 3,105 Total rental expense charged to operations for cancelable and non-cancelable operating leases was $474 and $479 for the nine months ended September 30, 2019 and 2018, respectively. Rental income under subleases was $228 and $230 for the nine months ended September 30, 2019 and 2018, respectively. Legal Matters The Company is involved in various legal proceedings which have arisen in the normal course of business. Management believes that resolution of these matters will not have a material effect on the Company’s financial condition or results of operations. Employment Agreements The Company has entered into employment agreements with certain officers. The agreements provide for base salaries and incentive compensation based on performance criteria outlined in the agreements. The agreements also provide for insurance and various other benefits.

Financial Instruments with Off-

Financial Instruments with Off-Balance-Sheet Risk	9 Months Ended
	Sep. 30, 2019
Financial Instruments With Off-Balance-Sheet Risk [Abstract]
Financial Instruments with Off-Balance-Sheet Risk	11. Financial Instruments with Off-Balance-Sheet Risk In the normal course of business, the Company is a party to financial instruments with off-balance-sheet risk to meet the financing needs of its customers. These financial instruments include standby letters of credit and commitments to extend credit, which include new loan commitments and undisbursed portions of construction loans and other lines of credit. These financial instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the statements of financial condition. The contractual amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The contractual amounts of commitments to extend credit represent the amounts of potential loss should the contract be fully drawn upon, the customer defaults and the value of any existing collateral become worthless. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Financial instruments whose contract amounts represent off-balance sheet credit risk are as follows: September 30, December 31, 2019 2018 Commitments to extend credit summarized as follows: Future loan commitments $ 9,118 $ 3,157 Undisbursed construction loans 8,622 16,289 Undisbursed home equity lines of credit 10,255 9,532 Undisbursed commercial and other line of credit 57,975 50,773 Standby letters of credit 2,752 1,785 Total $ 88,722 $ 81,536 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Since these commitments could expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include residential and commercial property, deposits and securities.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Sep. 30, 2019
Banking and Thrift [Abstract]
Regulatory Matters	12. Regulatory Matters The Bank is 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 Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items, as calculated under regulatory accounting practices. 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 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 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 September 30, 2019 and December 31, 2018, that 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: To be Well Capitalized under For Capital Adequacy Prompt Corrective Action Actual Purposes Provisions Amount Ratio Amount Ratio Amount Ratio September 30, 2019 Rhinebeck Bank Total capital (to risk-weighted assets) $ 110,099 13.44 % $ 65,557 8.00 % $ 81,946 10.00 % Tier 1 capital (to risk-weighted assets) 102,196 12.47 % 49,167 6.00 % 65,557 8.00 % Common equity tier one capital (to risk weighted assets) 102,196 12.47 % 36,876 4.50 % 53,265 6.50 % Tier 1 capital (to average assets) 102,196 11.01 % 37,132 4.00 % 46,415 5.00 % December 31, 2018 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 %

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value	13. Fair Value As described in Note 1, the Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. A description of the valuation methodologies used for assets and liabilities recorded at fair value and for estimating fair value for financial and non-financial instruments not recorded at fair value, is set forth below. Cash and Due from Banks, Accrued Interest Receivable and Mortgagors’ Escrow Accounts The carrying amount is a reasonable estimate of fair value. Available for Sale Securities Where quoted prices are available in an active market for identical securities, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include marketable equity securities and U.S. Treasury obligations. If quoted prices are not available, then fair values are estimated by using pricing models (i.e., matrix pricing) or quoted prices of securities with similar characteristics and are classified within Level 2 of the valuation hierarchy. Examples of such instruments include government agency bonds, mortgage-backed securities and municipal bonds. The Company does not have any Level 3 securities for which significant unobservable inputs are utilized. Available for sale securities are recorded at fair value on a recurring basis. FHLB Stock The carrying value of FHLB stock approximates fair value based on the redemption provisions of the FHLB. Loans Loans receivable are carried at cost. For variable rate loans which reprice frequently and have no significant change in credit risk, carrying values are a reasonable estimate of fair values, adjusted for credit losses inherent in the portfolios. The fair value of fixed rate loans is estimated by discounting the future cash flows using the year end rates, estimated using local market data, at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities, adjusted for credit losses inherent in the portfolios. The Company does not record loans at fair value on a recurring basis. However, from time to time, nonrecurring fair value adjustments to collateral-dependent impaired loans are recorded to reflect partial write-downs based on the observable market price or current appraised value of collateral. The fair value of loans held for sale is estimated using quoted market prices. Other Real Estate Owned Other real estate owned represents real estate acquired through foreclosure and is carried at the lower of cost or fair value less estimated selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. These assets are included as Level 3 fair values, based upon the lowest level of input that is utilized in the fair value measurements. Mortgage Servicing Rights The fair value of mortgage servicing rights is based on a valuation model that calculates the present value of estimated future net servicing income. Deposits Deposit liabilities are carried at cost. The fair value of NOW, savings and money market deposits is the amount payable on demand at the reporting date. The fair value of time certificates of deposit is estimated using a discounted cash flow calculation that applies interest rates currently being offered for deposits of similar remaining maturities estimated using local market data to a schedule of aggregated expected maturities on such deposits. Advances from the FHLB The fair value of the advances is estimated using a discounted cash flow calculation that applies current FHLB interest rates for advances of similar maturity to a schedule of maturities of such advances. Subordinated Debt Based on the floating rate characteristic of these instruments, the carrying value is considered to approximate fair value. Other Borrowings Based on the floating rate characteristic of these instruments, the carrying value is considered to approximate fair value. Off-Balance-Sheet Instruments Fair values for off-balance-sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standings. Such amounts are not significant. The following tables detail the assets that are carried at fair value on a recurring basis as of the periods shown and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: Quoted Prices in Active Markets Significant Significant for Identical Observable Unobservable Balance Assets (Level 1) Inputs (Level 2) Inputs (Level 3) September 30, 2019 U.S. government agency mortgage-backed securities-residential $ 93,298 $ — $ 93,298 $ — U.S. government agency securities 19,386 — 19,386 — Municipal securities 908 — 908 — Corporate Bonds 1,515 — 1,515 — Other 598 — 598 — Total $ 115,705 $ — $ 115,705 $ — December 31, 2018 U.S. Treasury securities $ 2,971 $ 2,971 $ — $ — U.S. government agency mortgage-backed securities – residential 80,216 — 80,216 — U.S. government agency securities 16,468 — 16,468 — Municipal securities 1,232 — 1,232 — Other 425 — 425 — Total $ 101,312 $ 2,971 $ 98,341 $ — The following tables detail the assets carried at fair value and measured at fair value on a nonrecurring basis as of September 30, 2019 and December 31, 2018 and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine the fair value: Quoted Prices in Active Markets Significant Significant for Identical Observable Unobservable Balance Assets (Level 1) Inputs (Level 2) Inputs (Level 3) September 30, 2019 Impaired loans, with specific reserves $ 213 $ — $ — $ 213 Other real estate owned 1,074 — — 1,074 Total $ 1,287 $ — $ — $ 1,287 December 31, 2018 Impaired loans $ 128 $ — $ — $ 128 Other real estate owned 935 — — 935 Total $ 1,063 $ — $ — $ 1,063 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Quantitative Information About Level 3 Fair Value Measurements Fair Value Valuation Unobservable Range Estimate Techniques Input (Weighted Average) September 30, 2019 Impaired loans $ 213 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 20% Other real estate owned 1,074 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% Appraisal adjustments (2) 0% to 20% December 31, 2018 December 31, 2018 Impaired loans $ 128 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 20% Other real estate owned 935 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% Appraisal adjustments (2) 0% to 20% (1) Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value. (3) Estimated costs to sell. The Company discloses fair value information about financial instruments, whether or not recognized in the statements of financial condition, for which it is practicable to estimate that value. Certain financial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair value amounts for 2019 and 2018 have been measured as of their respective reporting dates and have not been reevaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than amounts reported at each year-end. The information presented should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company’s assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. As of the following dates, the carrying value and fair values of the Company’s financial instruments were: September 30, December 31, 2019 2018 Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and due from banks (Level 2) $ 18,356 $ 18,356 $ 50,590 $ 50,590 Available for sale securities (Level 2) 115,705 115,705 101,312 101,312 FHLB stock (Level 2) 2,608 2,608 1,883 1,883 Loans, net (Level 3) 758,999 765,048 678,402 667,641 Accrued interest receivable (Level 2) 2,793 2,793 2,523 2,523 Mortgage servicing rights (Level 3) 2,192 3,713 2,278 4,667 Financial Liabilities: Deposits (Level 2) 769,985 764,230 684,418 637,863 Mortgagors escrow accounts (Level 2) 3,693 3,695 7,725 7,723 FHLB advances (Level 2) 47,936 48,394 31,598 31,561 Subordinated debt and other borrowings (Level 2) 5,155 5,155 10,155 10,155

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2019
Revenue Recognition [Abstract]
Revenue Recognition	14. Revenue Recognition The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed; charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers. The main types of revenue contracts included in non-interest income within the consolidated statements of operations are as follows: · Fees for services to customers include service charges on deposits which are included as liabilities in the consolidated statements of financial condition and consist of transaction-based fees: stop payment fees, Automated Clearing House (ACH) fees, account maintenance fees, wire fees, official check fees and overdraft services fees for various retail and business checking customers. These fees are charged as earned on the day of the transaction or within the month of the service. Service charges on deposits are withdrawn directly from the customer’s account balance. ATM and debit card fees are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Sales of checks to depositors earn fees as a contractual discount to the retail price of the sale from a third-party provider. These fees earned are remitted by the third-party to the Company quarterly. · The Company earns interchange fee income from credit/debit cardholder transactions conducted through MasterCard payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized monthly, concurrently with the transaction processing services provided to the cardholder within the month. · The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed; at this time the OREO asset is derecognized and the gain or loss on the sale is recorded. Rental income received from leased OREO property is recognized during the month it is earned. · Retail brokerage and advisory fee income is accrued monthly to properly record the revenues in the month they are earned. Advisory fees are collected in advance on a quarterly basis. These advisory fees are recorded in the first month of the quarter for which the service is being performed. Investments into mutual funds and annuities generate fees that are recorded as revenue at the time of the initial sale. In subsequent years the mutual funds and variable annuities generate recurring fees (referred to as 12B‑1 fees) that are paid in advance on the anniversary of the original transaction. Fees that are transaction based are recognized at the point in time that the transaction is executed (i.e. trade date). Life insurance products are sold on a commission basis that generates a fee that is recorded as revenue within the month of the approved transaction. Other income includes rental income, mortgage origination and service fees and late fees on serviced mortgages. All items are recorded as revenue within the month that the service is provided.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2019
Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	15. Accumulated Other Comprehensive Loss The activity in accumulated other comprehensive loss for the three months and nine months ended September 30, 2019 and 2018, is as follows: Accumulated Other Comprehensive Loss (1) Unrealized gains (losses) on Defined Benefit available for sale Pension Plan securities Total Balance at June 30, 2019 $ (246) $ (4,109) $ (4,355) Other comprehensive (loss) gain before reclassifications (24) 375 351 Amounts reclassified from accumulated other comprehensive loss 71 — 71 Period change 47 375 422 Balance at September 30, 2019 $ (199) $ (3,734) $ (3,933) Balance at June 30, 2018 $ 264 $ (7,830) $ (7,566) Other comprehensive loss before reclassifications — (512) (512) Period change — (512) (512) Balance at September 30, 2018 $ 264 $ (8,342) $ (8,078) Accumulated Other Comprehensive Loss (1) Unrealized gains (losses) on Defined Benefit available for sale Pension Plan securities Total Balance at December 31, 2018 $ (339) $ (6,673) $ (7,012) Other comprehensive (loss) gain before reclassifications (72) 2,907 2,835 Amounts reclassified from accumulated other comprehensive loss 212 32 244 Period change 140 2,939 3,079 Balance at September 30, 2019 $ (199) $ (3,734) $ (3,933) Balance at December 31, 2017 $ (534) $ (6,421) $ (6,955) Other comprehensive gain (loss) before reclassifications 650 (1,939) (1,289) Amounts reclassified from accumulated other comprehensive loss 148 18 166 Period change 798 (1,921) (1,123) Balance at September 30, 2018 $ 264 $ (8,342) $ (8,078) (1) All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0%.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	16. Earnings Per Share Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. There were no potentially dilutive common stock equivalents as of September 30, 2019. Earnings per share data is not applicable for the period ended September 30, 2018 because the Company had not yet been formed and had no shares outstanding. Three months ended Nine months ended (Dollars in thousands, except for per share data) September 30, 2019 September 30, 2019 Net income applicable to common stock $ 2,091 $ 4,223 Average number of common shares outstanding 11,133,290 11,133,290 Less: Average unallocated ESOP shares 422,790 428,244 Average number of common shares outstanding used to calculate basic and diluted earnings per common share 10,710,500 10,705,046 Earnings per Common share: Basic $ 0.20 $ 0.39 Diluted $ 0.20 $ 0.39

Nature of Business and Signif_2

Nature of Business and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	Basis of Financial Statements Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, as of the date of the consolidated statements of financial condition and reported amounts of revenues and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of securities and other real estate owned, the evaluation of investment securities for other-than-temporary impairment, the evaluation of goodwill for impairment, the valuation of deferred tax assets and the determination of pension obligations.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. As a result of the reorganization, the consolidation refers to the Company and the Bank for the periods after January 16, 2019 and Rhinebeck Bancorp, MHC, a New York chartered mutual holding company, and the Bank for the periods prior to January 16, 2019. All significant intercompany accounts and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year’s presentation.
Impact of Recent Accounting Pronouncements	Impact of Recent Accounting Pronouncements Effective January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2014‑09, “Revenue from Contracts with Customers (Topic 606)”. ASU No. 2014‑09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. The Company used the modified retrospective method for transition with the cumulative effect recognized as of the date of initial application with no restatement of prior periods. The adoption did not have a material effect on the Company’s financial statements as the recognition of interest income has been scoped out of the guidance and noninterest income recognition is similar to current revenue recognition practices. See Note 14 for additional information related to the adoption of ASU No. 2014‑09. In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016‑02 “Leases (Topic 842).” This standard requires entities that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2018 for public companies, but the Company will have until the first quarter of 2020 to adopt due to its emerging growth company status. The guidance is required to be applied by the modified retrospective transition approach. Early adoption is permitted. We are currently assessing the impact of the adoption of this authoritative guidance on our consolidated financial statements and collecting the data necessary for that assessment and adoption. In June 2016, the FASB issued ASU No. 2016‑13 on “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This ASU requires credit losses on most financial assets be measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (“CECL”) model). Under this model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications unless reasonable expectation of a troubled debt restructuring exists) from the date of initial recognition of that instrument. The measurement of expected credit losses is based upon relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount. On October 16, 2019, the FASB approved a delay for conversion to the CECL methodology to January 2023 for smaller reporting companies, other public business entities, private companies and non-profits; although early adoption is permitted in 2019. The Company is currently assessing the effect of ASU No. 2016‑13 and has engaged with a software vendor to assist in its efforts. Effective January 1, 2019, the Company adopted ASU No. 2018-07, “Compensation- Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting”. This update expands the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees. As a result, nonemployee share-based payment awards will be measured at the grant-date fair value of the equity instruments that an entity is obligated to issue when the service has been rendered, subject to the probability of satisfying performance conditions when applicable. The Company has not and does not expect to engage in this type of compensation practice, and therefore this update did not and likely will not, have an effect on the Company. Effective January 1, 2019, the Company adopted ASU 2017-04 “Intangibles – Goodwill and Other (Topic 350).” ASU 2017-04 simplifies the test for goodwill impairment, which eliminates the second step in the goodwill impairment test which requires an entity to determine the implied fair value of the reporting unit’s goodwill. Instead, an entity should recognize an impairment loss if the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, with the impairment loss not to exceed the amount of goodwill allocated to the reporting unit. The adoption of ASU 2017-04 did not have a material impact on the Company’s consolidated financial statements.
Emerging Growth Company Status	Emerging Growth Company Status As an emerging growth company, the Company may delay adoption of new or revised financial accounting standards until such date that the standards are required to be adopted by non-issuer companies. If such standards would not apply to non-issuer companies, no deferral would be applicable. The Company intends to take advantage of the benefits of the extended transition periods allowed under the Jumpstart Our Business Startups Act. Accordingly, the Company’s consolidated financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the recent accounting standards reflect those that relate to non-issuer companies.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Securities, Available-for-sale [Abstract]
Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale securities	September 30, 2019 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value U.S. government agency mortgage-backed securities–residential $ 92,951 $ 754 $ (407) $ 93,298 U.S. government agency securities 19,366 91 (71) 19,386 Municipal securities 1 888 20 — 908 Corporate Bonds 1,500 15 — 1,515 Other 541 57 — 598 Total $ 115,246 $ 937 $ (478) $ 115,705 December 31, 2018 U.S. Treasury securities $ 3,036 $ — $ (65) $ 2,971 U.S. government agency mortgage-backed securities–residential 82,965 8 (2,757) 80,216 U.S. government agency securities 16,919 — (451) 16,468 Municipal securities (1) 1,228 4 — 1,232 Other 425 — — 425 Total $ 104,573 $ 12 $ (3,273) $ 101,312 1 The issuers of municipal securities are all within New York State.
Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position	September 30, 2019 Less Than 12 Months 12 Months or Longer Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses U.S. government agency mortgage-backed securities-residential $ 12,419 $ (56) $ 29,600 $ (351) $ 42,019 $ (407) U.S. government agency securities — — 12,862 (71) 12,862 (71) Total $ 12,419 $ (56) $ 42,462 $ (422) $ 54,881 $ (478) December 31, 2018 U.S. Treasury securities $ — $ — $ 2,971 $ (65) $ 2,971 $ (65) U.S. government agency mortgage-backed securities-residential 1,669 (4) 76,586 (2,753) 78,255 (2,757) U.S. government agency securities 0 0 16,468 (451) 16,468 (451) Total $ 1,669 $ (4) $ 96,025 $ (3,269) $ 97,694 $ (3,273)
Schedule of maturities of debt securities	September 30, 2019 December 31, 2018 Amortized Cost Fair Value Amortized Cost Fair Value Maturity: Within 1 year $ 1,075 $ 1,074 $ 1,221 $ 1,210 After 1 but within 5 years 13,443 13,374 17,253 16,780 After 5 but within 10 years 7,056 7,181 1,975 1,945 After 10 years 180 180 734 736 Total Maturities 21,754 21,809 21,183 20,671 Mortgage-backed securities 92,951 93,298 82,965 80,216 Other 541 598 425 425 Total $ 115,246 $ 115,705 $ 104,573 $ 101,312

Loans and allowance for loan _2

Loans and allowance for loan losses (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Schedule of summary loan portfolio	September 30, December 31, 2019 2018 Commercial real estate loans: Construction $ 16,654 $ 12,870 Non-residential 208,778 197,499 Multi-family 20,272 12,661 Residential real estate loans 41,344 43,534 Commercial and industrial loans 88,187 83,203 Consumer loans: Indirect automobile 354,394 297,144 Home equity 17,336 19,269 Other consumer 10,133 10,826 Total gross loans 757,098 677,006 Net deferred loan costs 9,804 8,042 Allowance for loan losses (7,903) (6,646) Total net loans $ 758,999 $ 678,402
Schedule of loans by risk rating and portfolio segment	September 30, 2019 Pass Special Mention Substandard Doubtful Total Commercial real estate: Construction $ 16,654 $ — $ — $ — $ 16,654 Non-residential 200,820 3,614 4,175 169 208,778 Multifamily 19,888 — 384 — 20,272 Residential real estate 38,687 — — 2,657 41,344 Commercial and industrial 86,255 621 889 422 88,187 Consumer: Indirect automobile 353,720 — — 674 354,394 Home equity 16,854 — — 482 17,336 Other consumer 10,084 — — 49 10,133 Total $ 742,962 $ 4,235 $ 5,448 $ 4,453 $ 757,098 December 31, 2018 Pass Special Mention Substandard Doubtful Total Commercial real estate: Construction $ 12,870 $ — $ — $ — $ 12,870 Non-residential 186,020 6,840 4,639 — 197,499 Multifamily 12,261 — 400 — 12,661 Residential real estate 41,249 — — 2,285 43,534 Commercial and industrial 81,111 965 1,124 3 83,203 Consumer: Indirect automobile 296,692 — — 452 297,144 Home equity 19,071 — — 198 19,269 Other consumer 10,816 — — 10 10,826 Total $ 660,090 $ 7,805 $ 6,163 $ 2,948 $ 677,006
Schedule of classes of the loan portfolio by the aging categories of performing loans and nonaccrual loans	September 30, 2019 Greater Than 30-59 Days 60-89 Days 90 Days Past Total Loans Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: Construction $ 16,654 $ — $ — $ — $ 16,654 $ — Non-residential 202,855 235 1,835 3,853 208,778 3,853 Multifamily 19,887 — — 385 20,272 385 Residential real estate 39,871 48 357 1,068 41,344 2,657 Commercial and industrial 87,459 10 296 422 88,187 674 Consumer: Indirect automobile 347,611 5,228 902 653 354,394 673 Home equity 16,678 159 115 384 17,336 482 Other consumer 9,878 149 57 49 10,133 49 Total $ 740,893 $ 5,829 $ 3,562 $ 6,814 $ 757,098 $ 8,773 December 31, 2018 Greater Than 30-59 Days 60-89 Days 90 Days Past Total Loans Current Past Due Past Due Due Receivable Non-accrual Commercial real estate: Construction $ 12,870 $ — $ — $ — $ 12,870 $ — Non-residential 193,273 1,466 253 2,507 197,499 2,507 Multifamily 12,487 174 — — 12,661 — Residential real estate 42,083 305 615 531 43,534 2,208 Commercial and industrial 82,992 206 1 4 83,203 297 Consumer: Indirect automobile 291,369 4,429 915 431 297,144 452 Home equity 18,905 264 — 100 19,269 198 Other consumer 10,601 186 29 10 10,826 10 Total $ 664,580 $ 7,030 $ 1,813 $ 3,583 $ 677,006 $ 5,672
Schedule of information to impaired loans by loan portfolio class	September 30, 2019 Recorded Unpaid Principal Related Average Recorded Investment Balance Allowance Investment With no related allowance recorded: Commercial real estate: Construction $ — $ — $ — $ — Non-residential 3,853 3,915 — 3,180 Multifamily 385 409 — 192 Residential real estate 2,657 3,150 — 2,471 Commercial and industrial 674 814 — 486 Consumer: Indirect automobile 374 421 — 324 Home equity 482 532 — 340 Other consumer 11 11 — 10 Total $ 8,436 $ 9,252 $ — $ 7,003 With an allowance recorded: Commercial real estate: Construction $ — $ — $ — $ — Non-residential — — — — Multifamily — — — — Residential real estate — — — — Commercial and industrial — — — — Consumer: Indirect automobile 299 323 118 239 Home equity — — — — Other consumer 38 40 6 19 Total $ 337 $ 363 $ 124 $ 258 Total: Commercial real estate: Construction $ — $ — $ — $ — Non-residential 3,853 3,915 — 3,180 Multifamily 385 409 — 192 Residential real estate 2,657 3,150 — 2,471 Commercial and industrial 674 814 — 486 Consumer: Indirect automobile 673 744 118 563 Home equity 482 532 — 340 Other consumer 49 51 6 29 Total $ 8,773 $ 9,615 $ 124 $ 7,261 December 31, 2018 Recorded Unpaid Principal Related Average Recorded Investment Balance Allowance Investment With no related allowance recorded: Commercial real estate: Construction $ — $ — $ — $ 563 Non-residential 2,507 2,601 — 3,023 Multifamily — — — — Residential real estate 2,285 2,841 — 2,235 Commercial and industrial 297 421 — 758 Consumer: Indirect automobile 274 320 — 242 Home equity 198 211 — 158 Other consumer 10 10 — 5 Total $ 5,571 $ 6,404 $ — $ 6,984 With an allowance recorded: Commercial real estate: Construction $ — $ — $ — $ — Non-residential — — — 451 Multifamily — — — — Residential real estate — — — — Commercial and industrial — — — 9 Consumer: Indirect automobile 178 191 50 205 Home equity — — — — Other consumer — — — 2 Total $ 178 $ 191 $ 50 $ 667 Total: Commercial real estate: Construction $ — $ — $ — $ 563 Non-residential 2,507 2,601 — 3,474 Multifamily — — — — Residential real estate 2,285 2,841 — 2,235 Commercial and industrial 297 421 — 767 Consumer: Indirect automobile 452 511 50 447 Home equity 198 211 — 158 Other consumer 10 10 — 7 Total $ 5,749 $ 6,595 $ 50 $ 7,651
Schedule of loan balances by segment	Commercial Commercial Real Estate Residential and Industrial Indirect Consumer Totals Three months ended September 30, 2019 Allowance for loan losses: Beginning balance $ 1,252 $ 305 $ 1,895 $ 3,606 $ 800 $ 7,858 Provision for loan losses (79) (49) (276) 898 (44) 450 Loans charged-off — — (43) (494) (67) (604) Recoveries — — 14 173 12 199 Ending balance $ 1,173 $ 256 $ 1,590 $ 4,183 $ 701 $ 7,903 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Three months ended September 30, 2018 Allowance for loan losses: Beginning balance $ 947 $ 513 $ 1,082 $ 2,621 $ 776 $ 5,939 Provision for loan losses (77) (40) (27) 728 (59) 525 Loans charged-off — — (1) (365) (6) (372) Recoveries — 1 1 211 5 218 Ending balance $ 870 $ 474 $ 1,055 $ 3,195 $ 716 $ 6,310 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Nine months ended September 30, 2019 Allowance for loan losses: Beginning balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Provision for loan losses 93 (67) 89 1,930 (35) 2,010 Loans charged-off — — (55) (1,413) (82) (1,550) Recoveries — 3 14 751 29 797 Ending balance $ 1,173 $ 256 $ 1,590 $ 4,183 $ 701 $ 7,903 Ending balance: Loans deemed impaired $ — $ — $ — $ 118 $ 6 $ 124 Loans not deemed impaired $ 1,173 $ 256 $ 1,590 $ 4,065 $ 695 $ 7,779 Loan receivables: Ending balance $ 245,704 $ 41,344 $ 88,187 $ 354,394 $ 27,469 $ 757,098 Ending balance: Loans deemed impaired $ 4,238 $ 2,657 $ 674 $ 673 $ 531 $ 8,773 Loans not deemed impaired $ 241,466 $ 38,687 $ 87,513 $ 353,721 $ 26,938 $ 748,325 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Nine months ended September 30, 2018 Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 Provision for loan losses (132) 15 91 1,545 56 1,575 Loans charged-off (303) — (28) (1,100) (25) (1,456) Recoveries — 4 113 600 17 734 Ending balance $ 870 $ 474 $ 1,055 $ 3,195 $ 716 $ 6,310 Ending balance: Loans deemed impaired $ — $ — $ 5 $ 83 $ 11 $ 99 Loans not deemed impaired $ 870 $ 474 $ 1,050 $ 3,112 $ 705 $ 6,211 Loan receivables: Ending balance $ 224,699 $ 44,387 $ 79,055 $ 272,892 $ 30,013 $ 651,046 Ending balance: Loans deemed impaired $ 4,668 $ 2,445 $ 630 $ 542 $ 294 $ 8,579 Loans not deemed impaired $ 220,031 $ 41,942 $ 78,425 $ 272,350 $ 29,719 $ 642,467 Commercial Residential Commercial Real Estate Real Estate and Industrial Indirect Consumer Totals Year ended December 31, 2018 Allowance for loan losses: Beginning balance $ 1,305 $ 455 $ 879 $ 2,150 $ 668 $ 5,457 Provision for loan losses (45) (140) 578 1,539 168 2,100 Loans charged-off (303) — (37) (1,607) (66) (2,013) Recoveries 123 5 122 833 19 1,102 Ending balance $ 1,080 $ 320 $ 1,542 $ 2,915 $ 789 $ 6,646 Ending balance: Loans deemed impaired $ — $ — $ — $ 50 $ — $ 50 Loans not deemed impaired $ 1,080 $ 320 $ 1,542 $ 2,865 $ 789 $ 6,596 Loan receivables: Ending balance $ 223,030 $ 43,534 $ 83,203 $ 297,144 $ 30,095 $ 677,006 Ending balance: Loans deemed impaired $ 2,507 $ 2,285 $ 297 $ 452 $ 208 $ 5,749 Loans not deemed impaired $ 220,523 $ 41,249 $ 82,906 $ 296,692 $ 29,887 $ 671,257

Premises and Equipment (Tables)

Premises and Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	September 30, December 31, 2019 2018 Land $ 3,690 $ 3,536 Buildings and improvements 25,347 23,534 Furniture, fixtures and equipment 12,047 11,708 Construction in process 245 51 Total 41,329 38,829 Less accumulated depreciation (22,758) (21,789) Net $ 18,571 $ 17,040

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill, Impaired [Abstract]
Schedule of changes in the carrying value of goodwill	Nine Months Year Ended Ended September 30, December 31, RAM 2019 2018 Beginning balance $ 1,410 $ 1,505 Impairment — (95) Ending balance $ 1,410 $ 1,410 Accumulated impairment $ 1,116 $ 1,116

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of changes in the carrying value of customer list intangible	Nine Months Year Ended Ended September 30, December 31, RAM 2019 2018 Beginning balance $ 284 $ 326 Amortization (32) (42) Ending balance $ 252 $ 284 Accumulated amortization and impairment $ 695 $ 663
Schedule of future amortization expense for amortizable intangible assets	2019 $ 10 2020 42 2021 42 2022 42 2023 42 Thereafter 74 Total $ 252

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2019
Deposits [Abstract]
Schedule of deposits	September 30, December 31, 2019 2018 Noninterest bearing demand deposits $ 179,924 $ 171,829 Interest bearing accounts: NOW 98,769 99,715 Savings 121,095 126,822 Money market 160,363 130,356 Time certificates of deposit 209,834 155,696 Total interest bearing accounts 590,061 512,589 Total deposits $ 769,985 $ 684,418
Schedule of contractual maturities of time certificates of deposit	September 30, 2019 Within 1 year $ 172,954 1 – 2 years 14,506 2 – 3 years 13,487 3 – 4 years 2,789 4 – 5 years 6,098 Total $ 209,834

Long-Term Debt and FHLB Stock (

Long-Term Debt and FHLB Stock (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of outstanding principal amounts and related terms of FHLBNY borrowings	Term Principal Maturity Rate Due in one year Long term 2 year amortizing $ 1,908 May 15, 2020 2.78 % $ 1,908 $ — 2 year amortizing 2,117 June 8, 2020 2.76 % 2,117 — 2 year amortizing 8,777 May 17, 2021 2.53 % 4,968 3,809 2 year bullet 10,000 May 17, 2021 2.46 % — 10,000 3 year amortizing 5,939 May 17, 2021 2.92 % 3,357 2,582 3 year amortizing 9,195 May 16, 2022 2.49 % 3,271 5,924 3 year bullet 10,000 May 16, 2022 2.44 % — 10,000 Total $ 47,936 Weighted Average Rate 2.56 % $ 15,621 $ 32,315

Employee Benefits (Tables)

Employee Benefits (Tables)	9 Months Ended
	Sep. 30, 2019
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Schedule of plan's funded status and amounts recognized in consolidated statement of financial condition	Nine months Year ended ended September 30, December 31, 2019 2018 Projected and accumulated benefit obligation $ (21,136) $ (18,241) Plan assets at fair value 20,354 17,459 Funded status included in other liabilities $ (782) $ (782)
Schedule of net periodic pension (benefit) cost and amounts recognized in other comprehensive income (loss)	Nine months ended Nine months ended September 30, September 30, 2019 2018 Interest cost $ 555 $ 345 Expected return on plan assets (705) (537) Amortization of unrecognized loss 328 187 Net periodic cost (benefit) $ 178 $ (5)
Schedule of fair value of pension plan assets, by fair value hierarchy	September 30, 2019 Level 1 Level 2 Level 3 Total Assets: Investment in separate accounts Fixed income $ — $ 15,542 $ — $ 15,542 Equity — 4,812 — 4,812 Total assets at fair value $ — $ 20,354 $ — $ 20,354 December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Investment in separate accounts Fixed income $ — $ 13,638 $ — $ 13,638 Equity — 3,821 — 3,821 Total assets at fair value $ — $ 17,459 $ — $ 17,459
Schedule of employee stock ownership plan	September 30, 2019 Allocated — Committed to be allocated 16,362 Unallocated 420,063 Total shares 436,425

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum rental commitments under the terms of these lease	Years ending December 31: 2019 $ 149 2020 627 2021 633 2022 578 2023 555 2024 and beyond 563 Total $ 3,105

Financial Instruments with Of_2

Financial Instruments with Off-Balance-Sheet Risk (Tables)	9 Months Ended
	Sep. 30, 2019
Financial Instruments With Off-Balance-Sheet Risk [Abstract]
Schedule of contract amounts represent off-balance sheet credit risk	September 30, December 31, 2019 2018 Commitments to extend credit summarized as follows: Future loan commitments $ 9,118 $ 3,157 Undisbursed construction loans 8,622 16,289 Undisbursed home equity lines of credit 10,255 9,532 Undisbursed commercial and other line of credit 57,975 50,773 Standby letters of credit 2,752 1,785 Total $ 88,722 $ 81,536

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2019
Banking and Thrift [Abstract]
Schedule of actual capital amounts and ratios	To be Well Capitalized under For Capital Adequacy Prompt Corrective Action Actual Purposes Provisions Amount Ratio Amount Ratio Amount Ratio September 30, 2019 Rhinebeck Bank Total capital (to risk-weighted assets) $ 110,099 13.44 % $ 65,557 8.00 % $ 81,946 10.00 % Tier 1 capital (to risk-weighted assets) 102,196 12.47 % 49,167 6.00 % 65,557 8.00 % Common equity tier one capital (to risk weighted assets) 102,196 12.47 % 36,876 4.50 % 53,265 6.50 % Tier 1 capital (to average assets) 102,196 11.01 % 37,132 4.00 % 46,415 5.00 % December 31, 2018 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 %

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of assets carried at fair value on a recurring basis	Quoted Prices in Active Markets Significant Significant for Identical Observable Unobservable Balance Assets (Level 1) Inputs (Level 2) Inputs (Level 3) September 30, 2019 U.S. government agency mortgage-backed securities-residential $ 93,298 $ — $ 93,298 $ — U.S. government agency securities 19,386 — 19,386 — Municipal securities 908 — 908 — Corporate Bonds 1,515 — 1,515 — Other 598 — 598 — Total $ 115,705 $ — $ 115,705 $ — December 31, 2018 U.S. Treasury securities $ 2,971 $ 2,971 $ — $ — U.S. government agency mortgage-backed securities – residential 80,216 — 80,216 — U.S. government agency securities 16,468 — 16,468 — Municipal securities 1,232 — 1,232 — Other 425 — 425 — Total $ 101,312 $ 2,971 $ 98,341 $ —
Schedule of assets carried at fair value and measured at fair value on a nonrecurring basis	Quoted Prices in Active Markets Significant Significant for Identical Observable Unobservable Balance Assets (Level 1) Inputs (Level 2) Inputs (Level 3) September 30, 2019 Impaired loans, with specific reserves $ 213 $ — $ — $ 213 Other real estate owned 1,074 — — 1,074 Total $ 1,287 $ — $ — $ 1,287 December 31, 2018 Impaired loans $ 128 $ — $ — $ 128 Other real estate owned 935 — — 935 Total $ 1,063 $ — $ — $ 1,063
Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis	Quantitative Information About Level 3 Fair Value Measurements Fair Value Valuation Unobservable Range Estimate Techniques Input (Weighted Average) September 30, 2019 Impaired loans $ 213 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 20% Other real estate owned 1,074 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% Appraisal adjustments (2) 0% to 20% December 31, 2018 December 31, 2018 Impaired loans $ 128 Appraisal of collateral (1) Appraisal adjustments (2) 0% to 20% Other real estate owned 935 Appraisal of collateral (1) Liquidation expenses (3) 0% to 6% Appraisal adjustments (2) 0% to 20% (1) Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value. (3) Estimated costs to sell.
Schedule of carrying value and fair values of the financial instruments	September 30, December 31, 2019 2018 Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and due from banks (Level 2) $ 18,356 $ 18,356 $ 50,590 $ 50,590 Available for sale securities (Level 2) 115,705 115,705 101,312 101,312 FHLB stock (Level 2) 2,608 2,608 1,883 1,883 Loans, net (Level 3) 758,999 765,048 678,402 667,641 Accrued interest receivable (Level 2) 2,793 2,793 2,523 2,523 Mortgage servicing rights (Level 3) 2,192 3,713 2,278 4,667 Financial Liabilities: Deposits (Level 2) 769,985 764,230 684,418 637,863 Mortgagors escrow accounts (Level 2) 3,693 3,695 7,725 7,723 FHLB advances (Level 2) 47,936 48,394 31,598 31,561 Subordinated debt and other borrowings (Level 2) 5,155 5,155 10,155 10,155

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2019
Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of accumulated other comprehensive loss activity	The activity in accumulated other comprehensive loss for the three months and nine months ended September 30, 2019 and 2018, is as follows: Accumulated Other Comprehensive Loss (1) Unrealized gains (losses) on Defined Benefit available for sale Pension Plan securities Total Balance at June 30, 2019 $ (246) $ (4,109) $ (4,355) Other comprehensive (loss) gain before reclassifications (24) 375 351 Amounts reclassified from accumulated other comprehensive loss 71 — 71 Period change 47 375 422 Balance at September 30, 2019 $ (199) $ (3,734) $ (3,933) Balance at June 30, 2018 $ 264 $ (7,830) $ (7,566) Other comprehensive loss before reclassifications — (512) (512) Period change — (512) (512) Balance at September 30, 2018 $ 264 $ (8,342) $ (8,078) Accumulated Other Comprehensive Loss (1) Unrealized gains (losses) on Defined Benefit available for sale Pension Plan securities Total Balance at December 31, 2018 $ (339) $ (6,673) $ (7,012) Other comprehensive (loss) gain before reclassifications (72) 2,907 2,835 Amounts reclassified from accumulated other comprehensive loss 212 32 244 Period change 140 2,939 3,079 Balance at September 30, 2019 $ (199) $ (3,734) $ (3,933) Balance at December 31, 2017 $ (534) $ (6,421) $ (6,955) Other comprehensive gain (loss) before reclassifications 650 (1,939) (1,289) Amounts reclassified from accumulated other comprehensive loss 148 18 166 Period change 798 (1,921) (1,123) Balance at September 30, 2018 $ 264 $ (8,342) $ (8,078) (1) All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0%.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	Three months ended Nine months ended (Dollars in thousands, except for per share data) September 30, 2019 September 30, 2019 Net income applicable to common stock $ 2,091 $ 4,223 Average number of common shares outstanding 11,133,290 11,133,290 Less: Average unallocated ESOP shares 422,790 428,244 Average number of common shares outstanding used to calculate basic and diluted earnings per common share 10,710,500 10,705,046 Earnings per Common share: Basic $ 0.20 $ 0.39 Diluted $ 0.20 $ 0.39

Nature of Business and Signif_3

Nature of Business and Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2019item
Accounting Policies [Abstract]
Number of branches	11
Number of representative offices	2

Investment Securities (Schedule

Investment Securities (Schedule of amortized cost, gross unrealized gains and losses and fair values of available for sale securities) (Details) - USD ($) $ in Thousands		Sep. 30, 2019		Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 115,246		$ 104,573
Gross Unrealized Gains		937		12
Gross Unrealized Losses		(478)		(3,273)
Fair Value		115,705		101,312
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost				3,036
Gross Unrealized Losses				(65)
Fair Value				2,971
U.S. government agency mortgage-backed securities-residential
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		92,951		82,965
Gross Unrealized Gains		754		8
Gross Unrealized Losses		(407)		(2,757)
Fair Value		93,298		80,216
U.S. government agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		19,366		16,919
Gross Unrealized Gains		91
Gross Unrealized Losses		(71)		(451)
Fair Value		19,386		16,468
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		888	[1]	1,228
Gross Unrealized Gains		20	[1]	4
Gross Unrealized Losses	[1]	0
Fair Value		908	[1]	1,232
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		1,500
Gross Unrealized Gains		15
Gross Unrealized Losses		0
Fair Value		1,515
Other
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		541		425
Gross Unrealized Gains		57
Gross Unrealized Losses		0
Fair Value		$ 598		$ 425
[1]	The issuers of municipal securities are all within New York State.

Investment Securities (Schedu_2

Investment Securities (Schedule of gross unrealized losses and fair value, securities in continuous unrealized loss position) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	$ 12,419	$ 1,669
Less Than 12 Months Unrealized Losses	(56)	(4)
12 Months or Longer Fair Value	42,462	96,025
12 Months or Longer Unrealized Losses	(422)	(3,269)
Fair Value	54,881	97,694
Unrealized Losses	(478)	(3,273)
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
12 Months or Longer Fair Value		2,971
12 Months or Longer Unrealized Losses		(65)
Fair Value		2,971
Unrealized Losses		(65)
U.S. government agency mortgage-backed securities-residential
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value	12,419	1,669
Less Than 12 Months Unrealized Losses	(56)	(4)
12 Months or Longer Fair Value	29,600	76,586
12 Months or Longer Unrealized Losses	(351)	(2,753)
Fair Value	42,019	78,255
Unrealized Losses	(407)	(2,757)
U.S. government agency securities
Debt Securities, Available-for-sale [Line Items]
Less Than 12 Months Fair Value		0
Less Than 12 Months Unrealized Losses		0
12 Months or Longer Fair Value	12,862	16,468
12 Months or Longer Unrealized Losses	(71)	(451)
Fair Value	12,862	16,468
Unrealized Losses	$ (71)	$ (451)

Investment Securities (Schedu_3

Investment Securities (Schedule of maturities of debt securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Amortized Cost
Within 1 year	$ 1,075	$ 1,221
After 1 but within 5 years	13,443	17,253
After 5 but within 10 years	7,056	1,975
After 10 years	180	734
Total Maturities	21,754	21,183
Mortgage-backed securities	92,951	82,965
Other	541	425
Amortized Cost	115,246	104,573
Fair Value
Within 1 year	1,074	1,210
After 1 but within 5 years	13,374	16,780
After 5 but within 10 years	7,181	1,945
After 10 years	180	736
Total Maturities	21,809	20,671
Mortgage-backed securities	93,298	80,216
Other	598	425
Fair Value	$ 115,705	$ 101,312

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)security	Dec. 31, 2018USD ($)security
Debt Securities, Available-for-sale [Abstract]
Number of individual available-for-sale securities with unrealized losses | security	61	96
Unrealized Losses	$ 478	$ 3,273
Aggregate percentage of depreciation	0.87%	3.35%
Available for sale securities pledged to secure Federal Home Loan Bank of New York ("FHLBNY") borrowings	$ 25,327	$ 27,465
Available for sale securities pledged to secure Federal Reserve Bank of New York ("FRBNY") borrowings	728	1,032
Proceeds from the sale of available for sale securities and calls	5,554	2,113
Losses on sales of investment securities	$ 40	$ 22

Loans and allowance for loan _3

Loans and allowance for loan losses (Schedule of summary loan portfolio) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 757,098		$ 677,006	$ 651,046
Net deferred loan costs	9,804		8,042
Allowance for loan losses	(7,903)	$ (7,858)	(6,646)	(6,310)	$ (5,939)	$ (5,457)
Total net loans	758,999		678,402
Indirect
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	354,394		297,144	272,892
Allowance for loan losses	(4,183)	(3,606)	(2,915)	(3,195)	(2,621)	(2,150)
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	245,704		223,030	224,699
Allowance for loan losses	(1,173)	(1,252)	(1,080)	(870)	(947)	(1,305)
Commercial real estate | Undisbursed construction loans
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	16,654		12,870
Commercial real estate | Non-residential
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	208,778		197,499
Commercial real estate | Multifamily
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	20,272		12,661
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	41,344		43,534	44,387
Allowance for loan losses	(256)	(305)	(320)	(474)	(513)	(455)
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	88,187		83,203	79,055
Allowance for loan losses	(1,590)	(1,895)	(1,542)	(1,055)	(1,082)	(879)
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	27,469		30,095	30,013
Allowance for loan losses	(701)	$ (800)	(789)	$ (716)	$ (776)	$ (668)
Consumer | Indirect
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	354,394		297,144
Consumer | Home equity
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	17,336		19,269
Consumer | Other consumer
Loans and Leases Receivable Disclosure [Line Items]
Total gross loans	$ 10,133		$ 10,826

Loans and allowance for loan _4

Loans and allowance for loan losses (Schedule of loans by risk rating and portfolio segment) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 757,098	$ 677,006	$ 651,046
Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	742,962	660,090
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,235	7,805
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5,448	6,163
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,453	2,948
Indirect
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	354,394	297,144	272,892
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	245,704	223,030	224,699
Commercial real estate | Undisbursed construction loans
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	16,654	12,870
Commercial real estate | Undisbursed construction loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	16,654	12,870
Commercial real estate | Undisbursed construction loans | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial real estate | Undisbursed construction loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial real estate | Undisbursed construction loans | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial real estate | Non-residential
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	208,778	197,499
Commercial real estate | Non-residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	200,820	186,020
Commercial real estate | Non-residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	3,614	6,840
Commercial real estate | Non-residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,175	4,639
Commercial real estate | Non-residential | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	169	0
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	20,272	12,661
Commercial real estate | Multifamily | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	19,888	12,261
Commercial real estate | Multifamily | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial real estate | Multifamily | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	384	400
Commercial real estate | Multifamily | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential real estate
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	41,344	43,534	44,387
Residential real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	38,687	41,249
Residential real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	2,657	2,285
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	88,187	83,203	79,055
Commercial and industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	86,255	81,111
Commercial and industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	621	965
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	889	1,124
Commercial and industrial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	422	3
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	27,469	30,095	$ 30,013
Consumer | Indirect
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	354,394	297,144
Consumer | Indirect | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	353,720	296,692
Consumer | Indirect | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Indirect | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Indirect | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	674	452
Consumer | Home equity
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	17,336	19,269
Consumer | Home equity | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	16,854	19,071
Consumer | Home equity | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Home equity | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Home equity | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	482	198
Consumer | Other consumer
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	10,133	10,826
Consumer | Other consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	10,084	10,816
Consumer | Other consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Other consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer | Other consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 49	$ 10

Loans and allowance for loan _5

Loans and allowance for loan losses (Schedule of classes of the loan portfolio by the aging categories of performing loans and nonaccrual loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 740,893	$ 664,580
Total gross loans	757,098	677,006	$ 651,046
Nonaccrual	8,773	5,672
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	5,829	7,030
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	3,562	1,813
Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	6,814	3,583
Indirect
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	354,394	297,144	272,892
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	245,704	223,030	224,699
Commercial real estate | Undisbursed construction loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	16,654	12,870
Total gross loans	16,654	12,870
Nonaccrual	0	0
Commercial real estate | Undisbursed construction loans | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial real estate | Undisbursed construction loans | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial real estate | Undisbursed construction loans | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial real estate | Non-residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	202,855	193,273
Total gross loans	208,778	197,499
Nonaccrual	3,853	2,507
Commercial real estate | Non-residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	235	1,466
Commercial real estate | Non-residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,835	253
Commercial real estate | Non-residential | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	3,853	2,507
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	19,887	12,487
Total gross loans	20,272	12,661
Nonaccrual	385	0
Commercial real estate | Multifamily | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	174
Commercial real estate | Multifamily | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial real estate | Multifamily | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	385	0
Residential real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	39,871	42,083
Total gross loans	41,344	43,534	44,387
Nonaccrual	2,657	2,208
Residential real estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	48	305
Residential real estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	357	615
Residential real estate | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,068	531
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	87,459	82,992
Total gross loans	88,187	83,203	79,055
Nonaccrual	674	297
Commercial and industrial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	10	206
Commercial and industrial | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	296	1
Commercial and industrial | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	422	4
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total gross loans	27,469	30,095	$ 30,013
Consumer | Indirect
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	347,611	291,369
Total gross loans	354,394	297,144
Nonaccrual	673	452
Consumer | Indirect | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	5,228	4,429
Consumer | Indirect | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	902	915
Consumer | Indirect | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	653	431
Consumer | Home equity
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	16,678	18,905
Total gross loans	17,336	19,269
Nonaccrual	482	198
Consumer | Home equity | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	159	264
Consumer | Home equity | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	115	0
Consumer | Home equity | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	384	100
Consumer | Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	9,878	10,601
Total gross loans	10,133	10,826
Nonaccrual	49	10
Consumer | Other consumer | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	149	186
Consumer | Other consumer | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	57	29
Consumer | Other consumer | Greater Than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	$ 49	$ 10

Loans and allowance for loan _6

Loans and allowance for loan losses (Schedule of information to impaired loans by loan portfolio class) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
With no related allowance recorded:
Recorded Investment	$ 8,436	$ 5,571
Unpaid Principal Balance	9,252	6,404
Average Recorded Investment	7,003	6,984
With an allowance recorded:
Recorded Investment	337	178
Unpaid Principal Balance	363	191
Related Allowance	124	50
Average Recorded Investment	258	667
Total:
Recorded Investment	8,773	5,749
Unpaid Principal Balance	9,615	6,595
Related Allowance	124	50
Average Recorded Investment	7,261	7,651
Commercial real estate | Undisbursed construction loans
With no related allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Recorded Investment	0	563
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Total:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	563
Commercial real estate | Non-residential
With no related allowance recorded:
Recorded Investment	3,853	2,507
Unpaid Principal Balance	3,915	2,601
Average Recorded Investment	3,180	3,023
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	451
Total:
Recorded Investment	3,853	2,507
Unpaid Principal Balance	3,915	2,601
Related Allowance	0	0
Average Recorded Investment	3,180	3,474
Commercial real estate | Multifamily
With no related allowance recorded:
Recorded Investment	385	0
Unpaid Principal Balance	409	0
Average Recorded Investment	192	0
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Total:
Recorded Investment	385	0
Unpaid Principal Balance	409	0
Related Allowance	0	0
Average Recorded Investment	192	0
Residential real estate
With no related allowance recorded:
Recorded Investment	2,657	2,285
Unpaid Principal Balance	3,150	2,841
Average Recorded Investment	2,471	2,235
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Total:
Recorded Investment	2,657	2,285
Unpaid Principal Balance	3,150	2,841
Related Allowance	0	0
Average Recorded Investment	2,471	2,235
Commercial and industrial
With no related allowance recorded:
Recorded Investment	674	297
Unpaid Principal Balance	814	421
Average Recorded Investment	486	758
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	9
Total:
Recorded Investment	674	297
Unpaid Principal Balance	814	421
Related Allowance	0	0
Average Recorded Investment	486	767
Consumer | Indirect
With no related allowance recorded:
Recorded Investment	374	274
Unpaid Principal Balance	421	320
Average Recorded Investment	324	242
With an allowance recorded:
Recorded Investment	299	178
Unpaid Principal Balance	323	191
Related Allowance	118	50
Average Recorded Investment	239	205
Total:
Recorded Investment	673	452
Unpaid Principal Balance	744	511
Related Allowance	118	50
Average Recorded Investment	563	447
Consumer | Home equity
With no related allowance recorded:
Recorded Investment	482	198
Unpaid Principal Balance	532	211
Average Recorded Investment	340	158
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Total:
Recorded Investment	482	198
Unpaid Principal Balance	532	211
Related Allowance	0	0
Average Recorded Investment	340	158
Consumer | Other consumer
With no related allowance recorded:
Recorded Investment	11	10
Unpaid Principal Balance	11	10
Average Recorded Investment	10	5
With an allowance recorded:
Recorded Investment	38	0
Unpaid Principal Balance	40	0
Related Allowance	6	0
Average Recorded Investment	19	2
Total:
Recorded Investment	49	10
Unpaid Principal Balance	51	10
Related Allowance	6	0
Average Recorded Investment	$ 29	$ 7

Loans and allowance for loan _7

Loans and allowance for loan losses (Schedule of loan balances by segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Allowance for loan losses:
Beginning balance	$ 7,858	$ 5,939	$ 6,646	$ 5,457	$ 5,457
Provision (credit) for loan losses	450	525	2,010	1,575	2,100
Loans charged-off	(604)	(372)	(1,550)	(1,456)	(2,013)
Recoveries	199	218	797	734	1,102
Ending balance	7,903	6,310	7,903	6,310	6,646
Allowance for loan losses:
Ending balance: Loans deemed impaired	124	99	124	99	50
Ending balance: Loans not deemed impaired	7,779	6,211	7,779	6,211	6,596
Loan receivables:
Ending balance	757,098	651,046	757,098	651,046	677,006
Ending balance: Loans deemed impaired	8,773	8,579	8,773	8,579	5,749
Ending balance: Loans not deemed impaired	748,325	642,467	748,325	642,467	671,257
Indirect
Allowance for loan losses:
Beginning balance	3,606	2,621	2,915	2,150	2,150
Provision (credit) for loan losses	898	728	1,930	1,545	1,539
Loans charged-off	(494)	(365)	(1,413)	(1,100)	(1,607)
Recoveries	173	211	751	600	833
Ending balance	4,183	3,195	4,183	3,195	2,915
Allowance for loan losses:
Ending balance: Loans deemed impaired	118	83	118	83	50
Ending balance: Loans not deemed impaired	4,065	3,112	4,065	3,112	2,865
Loan receivables:
Ending balance	354,394	272,892	354,394	272,892	297,144
Ending balance: Loans deemed impaired	673	542	673	542	452
Ending balance: Loans not deemed impaired	353,721	272,350	353,721	272,350	296,692
Commercial real estate
Allowance for loan losses:
Beginning balance	1,252	947	1,080	1,305	1,305
Provision (credit) for loan losses	(79)	(77)	93	(132)	(45)
Loans charged-off	0	0	0	(303)	(303)
Recoveries	0	0	0	0	123
Ending balance	1,173	870	1,173	870	1,080
Allowance for loan losses:
Ending balance: Loans deemed impaired	0	0	0	0	0
Ending balance: Loans not deemed impaired	1,173	870	1,173	870	1,080
Loan receivables:
Ending balance	245,704	224,699	245,704	224,699	223,030
Ending balance: Loans deemed impaired	4,238	4,668	4,238	4,668	2,507
Ending balance: Loans not deemed impaired	241,466	220,031	241,466	220,031	220,523
Residential real estate
Allowance for loan losses:
Beginning balance	305	513	320	455	455
Provision (credit) for loan losses	(49)	(40)	(67)	15	(140)
Loans charged-off	0	0	0	0	0
Recoveries	0	1	3	4	5
Ending balance	256	474	256	474	320
Allowance for loan losses:
Ending balance: Loans deemed impaired	0	0	0	0	0
Ending balance: Loans not deemed impaired	256	474	256	474	320
Loan receivables:
Ending balance	41,344	44,387	41,344	44,387	43,534
Ending balance: Loans deemed impaired	2,657	2,445	2,657	2,445	2,285
Ending balance: Loans not deemed impaired	38,687	41,942	38,687	41,942	41,249
Commercial and industrial
Allowance for loan losses:
Beginning balance	1,895	1,082	1,542	879	879
Provision (credit) for loan losses	(276)	(27)	89	91	578
Loans charged-off	(43)	(1)	(55)	(28)	(37)
Recoveries	14	1	14	113	122
Ending balance	1,590	1,055	1,590	1,055	1,542
Allowance for loan losses:
Ending balance: Loans deemed impaired	0	5	0	5	0
Ending balance: Loans not deemed impaired	1,590	1,050	1,590	1,050	1,542
Loan receivables:
Ending balance	88,187	79,055	88,187	79,055	83,203
Ending balance: Loans deemed impaired	674	630	674	630	297
Ending balance: Loans not deemed impaired	87,513	78,425	87,513	78,425	82,906
Consumer
Allowance for loan losses:
Beginning balance	800	776	789	668	668
Provision (credit) for loan losses	(44)	(59)	(35)	56	168
Loans charged-off	(67)	(6)	(82)	(25)	(66)
Recoveries	12	5	29	17	19
Ending balance	701	716	701	716	789
Allowance for loan losses:
Ending balance: Loans deemed impaired	6	11	6	11	0
Ending balance: Loans not deemed impaired	695	705	695	705	789
Loan receivables:
Ending balance	27,469	30,013	27,469	30,013	30,095
Ending balance: Loans deemed impaired	531	294	531	294	208
Ending balance: Loans not deemed impaired	26,938	$ 29,719	26,938	$ 29,719	29,887
Consumer | Indirect
Loan receivables:
Ending balance	$ 354,394		$ 354,394		$ 297,144

Loans and allowance for loan _8

Loans and allowance for loan losses (Narrative) (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)loan	Dec. 31, 2018USD ($)loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loan	$ 1,687,000	$ 1,774,000
Number of loans default	3	3
Loan modified as default		$ 19,000
Number of charge off loans | loan		1
Balance of capitalized servicing rights	$ 2,192,000	$ 2,278,000
Aggregate balances of loans serviced to third party	265,629,000	255,892,000
Loans and Leases Receivable, Impaired, Commitment to Lend	0	0
Mortgage Servicing Rights (MSR) Impairment (Recovery)	0	0
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balances of loans held for sale	$ 1,065,000	888,000
Residential real estate | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of loan		$ 117,000
Number of loans default | loan		2

Premises and Equipment (Schedul

Premises and Equipment (Schedule of premises and equipment) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total	$ 41,329	$ 38,829
Less accumulated depreciation	(22,758)	(21,789)
Net	18,571	17,040
Land
Property, Plant and Equipment [Line Items]
Total	3,690	3,536
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total	25,347	23,534
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Total	12,047	11,708
Construction in progress
Property, Plant and Equipment [Line Items]
Total	$ 245	$ 51

Goodwill (Schedule of changes i

Goodwill (Schedule of changes in the carrying value of goodwill) (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Goodwill [Roll Forward]
Beginning balance	$ 1,410
Impairment		$ (95)
Ending balance	1,410		$ 1,410
RAM
Goodwill [Roll Forward]
Beginning balance	1,410	$ 1,505	1,505
Impairment	0		(95)
Ending balance	1,410		1,410
Accumulated impairment	$ 1,116		$ 1,116

Goodwill (Narrative) (Details)

Goodwill (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Goodwill [Line Items]
Impairment loss on goodwill		$ 95
RAM
Goodwill [Line Items]
Impairment loss on goodwill	$ 0		$ 95

Intangible Assets (Schedule of

Intangible Assets (Schedule of changes in the carrying value of customer list intangible) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Finite-lived Intangible Assets [Roll Forward]
Amortization	$ (10)	$ (11)	$ (32)	$ (32)
Ending balance	252		252
RAM
Finite-lived Intangible Assets [Roll Forward]
Beginning balance			284	$ 326	$ 326
Amortization			(32)		(42)
Ending balance	252		252		284
Accumulated amortization and impairment	$ 695		$ 695		$ 663

Intangible Assets (Schedule o_2

Intangible Assets (Schedule of future amortization expense for amortizable intangible assets) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
2019	$ 10
2020	42
2021	42
2022	42
2023	42
Thereafter	74
Total	$ 252

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 10	$ 11	$ 32	$ 32
Customer lists
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets			$ 32		$ 42
Useful life of purchased customer accounts			13 years 4 months

Deposits (Schedule of deposits)

Deposits (Schedule of deposits) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Deposits [Abstract]
Noninterest bearing demand deposits	$ 179,924	$ 171,829
Interest bearing accounts:
NOW	98,769	99,715
Savings	121,095	126,822
Money market	160,363	130,356
Time certificates of deposit	209,834	155,696
Total interest bearing accounts	590,061	512,589
Total deposits	$ 769,985	$ 684,418

Deposits (Schedule of contractu

Deposits (Schedule of contractual maturities of time certificates of deposit) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Deposits [Abstract]
within 1 year	$ 172,954
1 - 2 years	14,506
2 - 3 years	13,487
3 - 4 years	2,789
4 - 5 years	6,098
Total	$ 209,834	$ 155,696

Deposits (Narrative) (Details)

Deposits (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Deposits [Line Items]
Reciprocal deposits	$ 19,078	$ 21,515
Time certificates of deposit in denominations of $250 or greater	$ 43,264	$ 16,644
Maximum
Deposits [Line Items]
Maturity terms	3 years
Minimum
Deposits [Line Items]
Maturity terms	1 year

Long-Term Debt and FHLB Stock_2

Long-Term Debt and FHLB Stock (Schedule of outstanding principal amounts and related terms of FHLBNY borrowings) (Details) - FHLB $ in Thousands	Sep. 30, 2019USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 47,936
Rate	2.56%
Due in one year	$ 15,621
Long term	32,315
2 year amortizing on May 15, 2020
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 1,908
Rate	2.78%
Due in one year	$ 1,908
Long term	0
2 year amortizing on June 8, 2020
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 2,117
Rate	2.76%
Due in one year	$ 2,117
Long term	0
2 year amortizing on May 17, 2021
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 8,777
Rate	2.53%
Due in one year	$ 4,968
Long term	3,809
Two year bullet on May 17, 2021
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	2.46%
Due in one year	$ 0
Long term	10,000
3 year amortizing on May 17, 2021
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 5,939
Rate	2.92%
Due in one year	$ 3,357
Long term	2,582
3 year amortizing on May 16, 2022
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 9,195
Rate	2.49%
Due in one year	$ 3,271
Long term	5,924
3 year bullet on May 16, 2022
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Principal amount	$ 10,000
Rate	2.44%
Due in one year	$ 0
Long term	$ 10,000

Long-Term Debt and FHLB Stock_3

Long-Term Debt and FHLB Stock (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Impairment Related To Federal Home Loan Stock	$ 0	$ 0
Atlantic Community Bankers Bank
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Line of credit, maximum borrowing capacity	5,000
Line of credit facility, maximum amount outstanding during period	0	5,000
Zions Bank
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Line of credit, maximum borrowing capacity	10,000	10,000
Line of credit facility, maximum amount outstanding during period	$ 0	$ 0
Subordinated Debt [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rate	4.15%	4.65%
Interest rate, variable rate basis	3-month LIBOR
Interest LIBOR rate	2.00%
Subordinated debt securities	$ 5,155
Stated maturity date	May 23, 2035
Subordinated Debt [Member] | RSB Capital Trust I
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rate, variable rate basis	3-month LIBOR
Interest LIBOR rate	2.00%
Trust term	30 years
FHLB
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Line of credit, maximum borrowing capacity	$ 472,936	$ 441,134
Amount of pledged assets	157,255	$ 145,805
Structured borrowings	$ 47,936

Employee Benefits (Schedule of

Employee Benefits (Schedule of plan's funded status and amounts recognized in consolidated statement of financial condition) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Projected and accumulated benefit obligation	$ (21,136)	$ (18,241)
Plan assets at fair value	20,354	17,459
Funded status included in other liabilities	$ (782)	$ (782)

Employee Benefits (Schedule o_2

Employee Benefits (Schedule of net periodic pension (benefit) cost and amounts recognized in other comprehensive income (loss)) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Interest cost	$ 555	$ 345
Expected return on plan assets	(705)	(537)
Amortization of unrecognized loss	328	187
Net periodic cost (benefit)	$ 178	$ (5)

Employee Benefits (Schedule o_3

Employee Benefits (Schedule of fair value of pension plan assets, by fair value hierarchy) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 20,354	$ 17,459
Pension Plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	15,542	13,638
Pension Plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	4,812	3,821
Level 1 | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 1 | Pension Plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 1 | Pension Plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 2 | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	20,354	17,459
Level 2 | Pension Plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	15,542	13,638
Level 2 | Pension Plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	4,812	3,821
Level 3 | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 3 | Pension Plan | Investment in separate accounts fixed income
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	0	0
Level 3 | Pension Plan | Investment in separate accounts equity
Defined Benefit Plan Disclosure [Line Items]
Plan assets at fair value	$ 0	$ 0

Employee Benefits (Schedule o_4

Employee Benefits (Schedule of employee stock ownership plan) (Details)	Sep. 30, 2019shares
Employee Benefits and Share-based Compensation, Noncash [Abstract]
Allocated	0
Committed to be allocated	16,362
Unallocated	420,063
Total shares	436,425

Employee Benefits (Various Bene

Employee Benefits (Various Benefits - Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Schedule Of Employee Benefits [Line Items]
Percentage of internal revenue contribution			25.00%
Percentage of internal revenue service limitations			6.00%
Cash surrender value of life insurance	$ 18,359		$ 18,359		$ 18,018
Increase in cash surrender value of insurance	100	$ 101	300	$ 300
Accrued expenses and other liabilities	11,003		11,003		10,108
Noninterest expense	6,832	$ 6,473	20,798	19,240
Employer contribution in defined contribution plan			643	577	570
Net earnings on Bank Owned Life Insurance			300	300
Postretirement Life Insurance [Member]
Schedule Of Employee Benefits [Line Items]
Liability related to these postretirement benefits	1,316		1,316		1,276
Postemployment benefit expense			40	40
Postemployment Retirement Benefits [Member]
Schedule Of Employee Benefits [Line Items]
Noninterest expense			67	75
Liability related to these postretirement benefits	2,128		2,128		2,108
Officer [Member] | Deferred Compensation, Share-based Payments [Member]
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	1,013		1,013		975
Noninterest expense			405	379
Deferred Compensation Arrangement with Individual, by Type of Compensation, Pension and Other Postretirement Benefits [Member] | Director [Member]
Schedule Of Employee Benefits [Line Items]
Accrued expenses and other liabilities	$ 1,945		1,945		$ 1,687
Noninterest expense			$ 91	$ 95
Maximum | Postemployment Retirement Benefits [Member]
Schedule Of Employee Benefits [Line Items]
Post retirement benefit period			20 years
Maximum | Officer [Member] | Deferred Compensation, Share-based Payments [Member]
Schedule Of Employee Benefits [Line Items]
Terms of services			5 years
Minimum | Postemployment Retirement Benefits [Member]
Schedule Of Employee Benefits [Line Items]
Post retirement benefit period			15 years
Minimum | Officer [Member] | Deferred Compensation, Share-based Payments [Member]
Schedule Of Employee Benefits [Line Items]
Terms of services			1 year

Employee Benefits (Employee Sto

Employee Benefits (Employee Stock Ownership Plan (ESOP) Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended	12 Months Ended
	Jan. 16, 2019	Sep. 30, 2019	Dec. 31, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of share purchase under ESOP		436,425
Committed to be allocated		16,362
Employee Stock Ownership Plan (Esop)
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of share purchase under ESOP	436,425
Common stock price per share	$ 10
Terms of repurchase share under ESOP	20 years
Interest rate			5.50%
Balance of ESOP loan		$ 4,364
Committed to be allocated		21,821
Fair value of unallocated shares		$ 4,495
Compensation expense		$ 185

Commitments and Contingencies_2

Commitments and Contingencies (Schedule of future minimum rental commitments under the terms of these lease) (Details) - Building [Member] $ in Thousands	Sep. 30, 2019USD ($)
Operating Leased Assets [Line Items]
2019	$ 149
2020	627
2021	633
2022	578
2023	555
2024 and beyond	563
Total	$ 3,105

Commitments and Contingencies_3

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Total rental expense for cancelable and non-cancelable operating leases	$ 474	$ 479
Rental income under subleases	$ 228	$ 230

Financial Instruments with Of_3

Financial Instruments with Off-Balance-Sheet Risk (Schedule of contract amounts represent off-balance sheet credit risk) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	$ 88,722	$ 81,536
Future loan commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	9,118	3,157
Undisbursed construction loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	8,622	16,289
Undisbursed home equity lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	10,255	9,532
Undisbursed commercial and other line of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	57,975	50,773
Standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	$ 2,752	$ 1,785

Regulatory Matters (Schedule of

Regulatory Matters (Schedule of actual capital amounts and ratios) (Details) - Rhinebeck Bank - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets) Actual Amount	$ 110,099	$ 81,222
Total capital (to risk-weighted assets) Actual Ratio	13.44%	11.07%
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 65,557	$ 58,694
Total capital (to risk-weighted assets) For Capital Adequacy Purposes Ratio	8.00%	8.00%
Total capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 81,946	$ 73,368
Total capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets) Actual Amount	$ 102,196	$ 74,576
Tier 1 capital (to risk-weighted assets) Actual Ratio	12.47%	10.16%
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Amount	$ 49,167	$ 44,021
Tier 1 capital (to risk-weighted assets) For Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 65,557	$ 58,694
Tier 1 capital (to risk-weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Common equity tier one capital (to risk weighted assets) Actual Amount	$ 102,196	$ 74,576
Common equity tier one capital (to risk weighted assets) Actual Ratio	12.47%	10.16%
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Amount	$ 36,876	$ 33,016
Common equity tier one capital (to risk weighted assets) For Capital Adequacy Purposes Ratio	4.50%	4.50%
Common equity tier one capital (to risk weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 53,265	$ 47,689
Common equity tier one capital (to risk weighted assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 capital (to average assets) Actual Amount	$ 102,196	$ 74,576
Tier 1 capital (to average assets) Actual Ratio	11.01%	8.80%
Tier 1 capital (to average assets) For Capital Adequacy Purposes Amount	$ 37,132	$ 33,901
Tier 1 capital (to average assets) For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 capital (to average assets) To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 46,415	$ 42,376
Tier 1 capital (to average assets) To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Fair Value (Schedule of assets

Fair Value (Schedule of assets carried at fair value on a recurring basis) (Details) - Recurring basis - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 115,705	$ 101,312
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total		2,971
U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	93,298	80,216
U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	19,386	16,468
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	908	1,232
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,515
Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	598	425
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	2,971
Level 1 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total		2,971
Level 1 | U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 1 | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 1 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 1 | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0
Level 1 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	115,705	98,341
Level 2 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total		0
Level 2 | U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	93,298	80,216
Level 2 | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	19,386	16,468
Level 2 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	908	1,232
Level 2 | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,515
Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	598	425
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 3 | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total		0
Level 3 | U.S. government agency mortgage-backed securities-residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 3 | U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 3 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 3 | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0
Level 3 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 0	$ 0

Fair Value (Schedule of asset_2

Fair Value (Schedule of assets carried at fair value and measured at fair value on a nonrecurring basis) (Details) - Nonrecurring basis - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	$ 1,287	$ 1,063
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	213	128
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	1,074	935
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	1,287	1,063
Level 3 | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	213	128
Level 3 | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held at fair value	$ 1,074	$ 935

Fair Value (Schedule of additio

Fair Value (Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis) (Details) - Nonrecurring basis $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value		$ 1,287	$ 1,063
Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value		213	128
Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value		1,074	935
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value		$ 1,287	$ 1,063
Impaired Loans, Valuation Technique [Extensible List]		rbkb:AppraisalOfCollateralMember	rbkb:AppraisalOfCollateralMember
Other Real Estate Owned, Valuation Technique [Extensible List]		Appraisal of collateral	Appraisal of collateral
Level 3 | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value		$ 213	$ 128
Level 3 | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets held at fair value		$ 1,074	$ 935
Level 3 | Appraisal adjustments | Minimum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[1],[2]	0	0
Level 3 | Appraisal adjustments | Maximum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[1],[2]	20	20
Level 3 | Appraisal of collateral | Appraisal adjustments | Minimum | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent)	[1],[2]	0	0
Level 3 | Appraisal of collateral | Appraisal adjustments | Maximum | Impaired loans
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, unobservable input (in percent)	[1],[2]	20	20
Level 3 | Appraisal of collateral | Liquidation expenses | Minimum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[2],[3]	0	0
Level 3 | Appraisal of collateral | Liquidation expenses | Maximum | Other real estate owned
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, unobservable input (in percent)	[2],[3]	6	6
[1]	Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraised value.
[2]	Fair value is generally through independent appraisals of the underlying collateral that generally include various level 3 inputs which are not identifiable.
[3]	Estimated costs to sell.

Fair Value (Schedule of carryin

Fair Value (Schedule of carrying value and fair values of the financial instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financial Assets:
Available for sale securities (Level 2)	$ 115,705	$ 101,312
Level 2 | Carrying Value
Financial Assets:
Cash and due from banks (Level 2)	18,356	50,590
Available for sale securities (Level 2)	115,705	101,312
FHLB stock (Level 2)	2,608	1,883
Accrued interest receivable (Level 2)	2,793	2,523
Financial Liabilities:
Deposits (Level 2)	769,985	684,418
Mortgagors escrow accounts (Level 2)	3,693	7,725
FHLB advances (Level 2)	47,936	31,598
Subordinated debt and other borrowings (Level 2)	5,155	10,155
Level 2 | Fair Value
Financial Assets:
Cash and due from banks (Level 2)	18,356	50,590
Available for sale securities (Level 2)	115,705	101,312
FHLB stock (Level 2)	2,608	1,883
Accrued interest receivable (Level 2)	2,793	2,523
Financial Liabilities:
Deposits (Level 2)	764,230	637,863
Mortgagors escrow accounts (Level 2)	3,695	7,723
FHLB advances (Level 2)	48,394	31,561
Subordinated debt and other borrowings (Level 2)	5,155	10,155
Level 3 | Carrying Value
Financial Assets:
Loans, net (Level 3)	758,999	678,402
Mortgage servicing rights (Level 3)	2,192	2,278
Level 3 | Fair Value
Financial Assets:
Loans, net (Level 3)	765,048	667,641
Mortgage servicing rights (Level 3)	$ 3,713	$ 4,667

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule of accumulated other comprehensive loss activity) (Details) - USD ($) $ in Thousands		3 Months Ended												9 Months Ended
		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Sep. 30, 2019		Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		$ 105,683		$ 102,849		$ 59,277		$ 55,561		$ 54,519		$ 54,977		$ 59,277		$ 54,977
Other Comprehensive Income (Loss), Net of Tax		422		1,561		1,096		(512)		463		(1,074)		3,079		(1,123)
Balance		108,255		105,683		102,849		57,013		55,561		54,519		$ 108,255		57,013
Income tax rate														21.00%
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance		(4,355)	[1]	(5,916)		(7,012)	[1]	(7,566)	[1]	(8,029)		(6,955)	[1]	$ (7,012)	[1]	(6,955)	[1]
Other comprehensive (loss) gain before reclassifications	[1]	351						(512)						2,835		(1,289)
Amounts reclassified from accumulated other comprehensive loss	[1]	71												244		166
Other Comprehensive Income (Loss), Net of Tax		422	[1]	1,561		1,096		(512)	[1]	463		(1,074)		3,079	[1]	(1,123)	[1]
Balance		(3,933)	[1]	(4,355)	[1]	(5,916)		(8,078)	[1]	(7,566)	[1]	(8,029)		(3,933)	[1]	(8,078)	[1]
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	[1]	(246)				(339)		264				(534)		(339)		(534)
Other comprehensive (loss) gain before reclassifications	[1]	(24)												(72)		650
Amounts reclassified from accumulated other comprehensive loss	[1]	71												212		148
Other Comprehensive Income (Loss), Net of Tax	[1]	47												140		798
Balance	[1]	(199)		(246)				264		264				(199)		264
Unrealized gains (losses) on available for sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	[1]	(4,109)				$ (6,673)		(7,830)				$ (6,421)		(6,673)		(6,421)
Other comprehensive (loss) gain before reclassifications	[1]	375						(512)						2,907		(1,939)
Amounts reclassified from accumulated other comprehensive loss	[1]	0												32		18
Other Comprehensive Income (Loss), Net of Tax	[1]	375						(512)						2,939		(1,921)
Balance	[1]	$ (3,734)		$ (4,109)				$ (8,342)		$ (7,830)				$ (3,734)		$ (8,342)
[1]	All amounts are net of tax. Related income tax expense or benefit is calculated using an income tax rate of 21.0%.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net income applicable to common stock	$ 2,091	$ 1,221	$ 911	$ 1,964	$ 579	$ 616	$ 4,223	$ 3,159
Average number of common shares outstanding	11,133,290						11,133,290
Less: Average unallocated ESOP shares	422,790						428,244
Average number of common shares outstanding used to calculate basic and diluted earnings per common share	10,710,500						10,705,046
Earnings per Common share:
Basic (in dollars per share)	$ 0.20						$ 0.39
Diluted (in dollars per share)	$ 0.20						$ 0.39
Weighted Average Number Diluted Shares Outstanding Adjustment							0