secwatch.observer — SEC 8-K summary
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Issuer:     FIRST KEYSTONE CORP (FKYS)
CIK:        0000737875
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0000737875-23-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Keystone Q1 net income falls 61.7% to $1.357M; EPS $0.23
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- Net income $1.357M vs $3.543M in Q1 2022, down 61.7%; diluted EPS $0.23.
- Interest expense increased $4.33M, mainly due to higher rates; interest paid to depositors up $2.366M.
- Non-interest expense rose $1.237M (19%) to $7.753M; salaries/benefits up $832K, professional fees up $137K.
- Deposits decreased $97.6M (9.3%) YoY; net loans increased $85.0M (11.0%).
- Stockholders' equity down $8.5M (6.4%) due to securities portfolio market value decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737875/000073787523000021/0000737875-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737875/000073787523000021/fkys-20230428x8k.htm
  HTML page:      https://secwatch.observer/filing/0000737875-23-000021

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