secwatch.observer — SEC 8-K summary
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Issuer:     FIRST KEYSTONE CORP (FKYS)
CIK:        0000737875
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001104659-24-066481
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.06, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Keystone records $19.1M goodwill impairment; declares $0.28 dividend
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- Non-cash goodwill impairment of $19.1M as of March 31, 2024 triggered by stock price decline in Q1.
- Impairment relates to 2007 Pocono Community Bank acquisition and 2004 Danville branch purchase; no impact on regulatory capital or cash.
- Q2 dividend of $0.28 per share (unchanged YoY); payable June 28, 2024 to holders of record June 13, 2024.
- Quantitative impairment test performed; Board determined charge on May 29, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737875/000110465924066481/0001104659-24-066481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737875/000110465924066481/tm2415957d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-066481

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