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FKYS First Keystone

First Keystone Corporation (the “Corporation”) is a Pennsylvania business corporation, and a bank holding company, registered with and supervised by the Board of Governors of the Federal Reserve System. The Corporation was incorporated on July 6, 1983, and commenced operations on July 2, 1984, upon consummation of the acquisition of all of the outstanding stock of First National Bank of Berwick (the predecessor to First Keystone Community Bank). The Corporation has one wholly-owned subsidiary, First Keystone Community Bank (the “Bank”), which has a commercial banking operation and trust department as its major lines of business. Since commencing operations, the Corporation’s business has consisted primarily of managing and supervising the Bank, and its principal source of income has been dividends paid by the Bank. Greater than 97% of the Corporation’s revenue and profit came from the commercial bank subsidiary for the years ended December 31, 2019 and 2018, and was the only reportable segment. At December 31, 2019, the Corporation had total consolidated assets, deposits and stockholders’ equity of approximately $1 billion, $762 million and $129 million, respectively.

Company profile

Ticker
FKYS
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
232249083

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 24.18M 24.18M 24.18M 24.18M 24.18M 24.18M
Cash burn (monthly) 7.27M (positive/no burn) (positive/no burn) (positive/no burn) 163K 163.08K
Cash used (since last report) 25.93M n/a n/a n/a 581.84K 582.13K
Cash remaining -1.75M n/a n/a n/a 23.6M 23.6M
Runway (months of cash) -0.2 n/a n/a n/a 144.8 144.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Feb 21 Michael L Jezewski First Keystone Corporation Common Stock Buy Aquire P No No 20.6 191 3.93K 29,169.963
30 Dec 20 William Elmer Rinehart First Keystone Corporation Common Stock Gift Aquire G Yes No 0 133,793.066 0 133,793.066
30 Dec 20 William Elmer Rinehart First Keystone Corporation Common Stock Gift Dispose G No No 0 133,793.066 0 0
21 Dec 20 Donald Matthew Bower First Keystone Corporation common stock Buy Aquire P No No 18.75 500 9.38K 2,216.155
21 Dec 20 Elaine A Woodland First Keystone Corporation common stock Buy Aquire P No No 18.45 1,000 18.45K 6,010.193

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 1 EXIT
Opened positions 0 0
Closed positions 1 0 NEW
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 2.33M EXIT
Total shares 0 124.35K EXIT
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change
Fulton Bank, N.a. 0 -124.35K EXIT

Financial report summary

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Management Discussion
  • Net income increased to $11,837,000 for the year ended December 31, 2020, as compared to $10,227,000 for the prior year, an increase of 15.7%. Earnings per share, both basic and diluted, for 2020 was $2.03 as compared to $1.77 in 2019, an increase of 14.7%. Dividends per share for 2020 and 2019 were $1.08. The Corporation’s return on average assets was 1.09% in 2020 and 1.02% in 2019. Return on average equity increased to 8.61% in 2020 from 8.17% in 2019. Total interest income in 2020 amounted to $39,567,000, an increase of $1,040,000 or 2.7% from 2019. The increase in interest income reflects $610,000 in servicing fees earned from the SBA related to the origination of PPP loans throughout 2020. Total interest expense of $6,360,000 decreased $3,883,000 or 37.9% from 2019. The majority of this decrease related to a decrease in interest paid on deposits and short-term borrowings in 2020.
Content analysis
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Legalese
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Readability
H.S. freshman Bad
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