First Keystone H1 2022 net income $7.365M, down 1.6%; EPS $1.24

FIRST KEYSTONE CORP

2022-Q2 EPS reported $1.24

Net income $7.365M ($1.24 EPS) for six months ended June 30, 2022, down 1.6% from H1 2021.
Total interest income rose 5.9% to $1.206M, driven by rate increases and commercial loan growth; PPP fees declined $437K.
Non-interest income fell 22.4% ($837K) due to $765K drop in other income, including net losses on mortgage sales vs gains in 2021.
Net loans up 8.4%; deposits down 6.6%; stockholders' equity down 15% due to AOCI losses from securities portfolio.
Dividends paid $0.56 per share for H1 2022.

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