secwatch.observer — SEC 8-K summary
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Issuer:     FIRST KEYSTONE CORP (FKYS)
CIK:        0000737875
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0000737875-22-000044
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Keystone net income down 5.5% to $10.9M; EPS $1.82 for first nine months 2022
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- Net income for first nine months 2022: $10.9M, or $1.82 per share; down 5.5% vs 2021.
- Total interest income rose 7.6% ($2.4M) on higher rates and commercial loan growth; PPP fee decline partially offset.
- Non-interest income fell 19.1% ($1.0M) due to lower mortgage sales and $181K net securities losses.
- Stockholders' equity decreased 21.9% ($32.4M) due to AOCI losses from securities market value declines.
- Deposits declined 7.6% ($87.2M); net loans grew 11.8% ($88.0M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737875/000073787522000044/0000737875-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737875/000073787522000044/fkys-20221028x8k.htm
  HTML page:      https://secwatch.observer/filing/0000737875-22-000044

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