secwatch.observer — SEC 8-K summary
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Issuer:     FIRST KEYSTONE CORP (FKYS)
CIK:        0000737875
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0000737875-22-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Keystone Q1 net income down 8.6% to $3.5M on mortgage loan losses
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- Net income of $3.5M ($0.60 EPS), down $335K or 8.6% YoY; dividends $0.28/share.
- Non-interest income fell $308K (17.5%) due to losses on mortgage loan sales and securities.
- Interest income +$354K (+3.4%) offset by $246K drop in PPP loan fees.
- Non-interest expense +$319K (+5.1%) on higher salaries, healthcare, and new software.
- Total assets up 6.7% to $1.3B; equity down 6.6% ($9.4M) due to AOCI loss from securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737875/000073787522000018/0000737875-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737875/000073787522000018/fkys-20220429x8k.htm
  HTML page:      https://secwatch.observer/filing/0000737875-22-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer