First Keystone Corp (FKYS) Financial Statements (2024 and earlier)

Company Profile

Business Address 111 W FRONT ST
BERWICK, PA 18603
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,43763,30025,82612,65712,5108,739
Cash and cash equivalents10,73861,33824,18010,72410,9508,739
Short-term investments1,6991,9621,6461,9331,560 
Total current assets:12,43763,30025,82612,65712,5108,739
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization343494 
Operating lease, right-of-use asset1,5411,0251,0611,470
Property, plant and equipment    19,38719,94620,623
Long-term investments and receivables3,7631,5301,4661,8282,0962,626
Long-term investments3,7631,5301,4661,8282,0962,626
Intangible assets, net (including goodwill)19,13319,13319,13319,13319,13319,133
Goodwill19,13319,13319,13319,13319,13319,133
Deferred income tax assets9,129   
Total noncurrent assets:33,60021,72221,75441,81841,17542,382
Other undisclosed assets1,283,1571,235,3281,131,467952,751958,315939,000
TOTAL ASSETS:1,329,1941,320,3501,179,0471,007,2261,012,000990,121
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt153,41827,37719,49454,663174,44526,296
Total current liabilities:153,41827,37719,49454,663174,44526,296
Noncurrent Liabilities
Long-term debt and lease obligation, including:    55,00045,00065,000
Other undisclosed long-term debt and lease obligation    55,00045,00065,000
Liabilities, other than long-term debt  6312,146438  
Deferred income tax liabilities  6312,146438
Total noncurrent liabilities:  6312,14655,43845,00065,000
Other undisclosed liabilities1,055,3901,143,7871,013,165768,373675,799782,106
Total liabilities:1,208,8081,171,7951,034,805878,474895,244873,402
Equity
Equity, attributable to parent120,386148,555144,242128,752116,756116,719
Common stock12,50212,35812,23112,09711,99311,902
Treasury stock, value(5,709)(5,709)(5,709)(5,709)(5,709)(5,709)
Additional paid in capital42,43940,94039,54338,36537,25536,193
Accumulated other comprehensive income (loss)(29,558)7,58812,8704,221(2,581)1,826
Retained earnings100,71293,37885,30779,77875,79872,507
Total equity:120,386148,555144,242128,752116,756116,719
TOTAL LIABILITIES AND EQUITY:1,329,1941,320,3501,179,0471,007,2261,012,000990,121

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues46,40643,02840,17138,80435,76135,325
Net investment income46,41342,04839,56738,52735,57332,268
Cost of revenue (860)(1,200)(450)(200)(135)
Provision for loan, lease, and other losses (860)(1,200)(450)(200)
Amortization of mortgage servicing rights (msrs)      (135)
Gross profit:46,40642,16838,97138,35435,56135,190
Operating expenses(5,748)(5,744)(5,377)(5,241)(5,111)(15,685)
Other operating income, net
(Noninterest Income, Other Operating Income)
273317318276261202
Operating income:40,93136,74133,91233,38930,71119,707
Nonoperating income
(Bank Owned Life Insurance Income)
597598611620609636
Interest and debt expense(8,913)(5,148)(6,360)(10,243)(8,620)(6,548)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (14,749)(12,425)(13,030)(3,692)
Income from continuing operations before equity method investments, income taxes:32,61532,19113,41411,3419,67010,103
Other undisclosed loss from continuing operations before income taxes(16,297)(15,182)    
Income from continuing operations before income taxes:16,31817,00913,41411,3419,67010,103
Income tax expense(2,294)(2,321)(1,577)(1,114)(459)(1,455)
Income from continuing operations:14,02414,68811,83710,2279,2118,648
Income before gain (loss) on sale of properties:14,68811,83710,2279,2118,648
Net income available to common stockholders, diluted:14,02414,68811,83710,2279,2118,648

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:14,02414,68811,83710,2279,2118,648
Comprehensive income:14,02414,68811,83710,2279,2118,648
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(37,146)(5,282)8,6496,802(4,133)3,245
Comprehensive income (loss), net of tax, attributable to parent:(23,122)9,40620,48617,0295,07811,893

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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