secwatch.observer — SEC 8-K summary
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Issuer:     FIRST KEYSTONE CORP (FKYS)
CIK:        0000737875
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000737875-23-000057
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Keystone reports 65% drop in 9-month net income; EPS $0.62 vs $0.84 dividends
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- Net income $3,779K ($0.62 EPS) for 9 months ended Sep 30, 2023, down 65.2% YoY.
- Interest expense surged $14,518K due to higher deposit rates and FHLB borrowings.
- Total assets $1,320B, down 0.3%; deposits fell 6.2% with shift to term deposits.
- Non-interest expense rose 12.7% to $22,330K on higher salaries, data processing, fraud costs.
- Stockholders' equity decreased $402K from larger AOCI loss on securities portfolio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737875/000073787523000057/0000737875-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737875/000073787523000057/fkys-20231031x8k.htm
  HTML page:      https://secwatch.observer/filing/0000737875-23-000057

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