secwatch.observer — SEC 8-K summary
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Issuer:     FIRST KEYSTONE CORP (FKYS)
CIK:        0000737875
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000737875-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Keystone Corp reports FY2022 net income $14M, down 4.5%; EPS $2.35
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- Net income $14,024,000 ($2.35 EPS) vs prior year $14,688,000; down $664k (4.5%).
- Total interest income up 10.4% but PPP fee income fell $1,224k; interest expense up 73.1% due to higher rates.
- Non-interest income down 27.2% from lower mortgage gains and net securities losses of $846k.
- Deposits decreased $84.5M (7.8%); equity down 19.0% from securities unrealized losses.
- Provision for loan losses decreased $1,124k; loans grew 14.2% to $106M increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737875/000073787523000003/0000737875-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737875/000073787523000003/fkys-20230131x8k.htm
  HTML page:      https://secwatch.observer/filing/0000737875-23-000003

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