$FKYS
FIRST KEYSTONE CORP

2012 Q2 Form 10-Q Financial Statement

#000114420412027317 Filed on May 10, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $8.841M $8.927M $9.347M
YoY Change -4.49%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $280.0K $280.0K $230.0K
YoY Change 21.74% 21.74% -4.17%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.715M $1.907M $2.516M
YoY Change -24.21%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.112M $3.239M $3.190M
YoY Change -1.21% 1.54% 16.42%
Income Tax $534.0K $583.0K $694.0K
% Of Pretax Income 17.16% 18.0% 21.76%
Net Earnings $2.578M $2.656M $2.496M
YoY Change 1.5% 6.41% 13.97%
Net Earnings / Revenue 29.16% 29.75% 26.7%
Basic Earnings Per Share $0.47 $0.49 $0.46
Diluted Earnings Per Share $0.47 $0.49 $0.46
COMMON SHARES
Basic Shares Outstanding 5.446M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $10.92M $30.41M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $16.10M $14.31M $12.00M
YoY Change 33.06% 19.26% 1.69%
Goodwill $19.13M
YoY Change
Intangibles $880.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $3.200M
YoY Change -100.0% -100.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $806.2M $823.7M $809.3M
YoY Change 0.15% 1.78% 2.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.500M $3.200M $3.300M
YoY Change -13.79% -3.03% 10.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $39.70M $18.59M $24.70M
YoY Change 71.86% -24.75% 65.77%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.500M $3.200M $3.300M
YoY Change -13.79% -3.03% 10.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.200M $3.200M $4.400M
YoY Change 4100.0% -27.27% 4300.0%
Total Long-Term Liabilities $4.200M $3.200M $4.400M
YoY Change 4100.0% -27.27% 4300.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.500M $3.200M $3.300M
Total Long-Term Liabilities $4.200M $3.200M $4.400M
Total Liabilities $707.6M $728.1M $730.1M
YoY Change -1.82% -0.28% 2.44%
SHAREHOLDERS EQUITY
Retained Earnings $51.17M
YoY Change
Common Stock $41.52M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.042M
YoY Change
Treasury Stock Shares 241.7K shares
Shareholders Equity $98.62M $95.62M -$79.20M
YoY Change
Total Liabilities & Shareholders Equity $806.2M $823.7M $809.3M
YoY Change 0.15% 1.78% 2.51%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $2.578M $2.656M $2.496M
YoY Change 1.5% 6.41% 13.97%
Depreciation, Depletion And Amortization $280.0K $280.0K $230.0K
YoY Change 21.74% 21.74% -4.17%
Cash From Operating Activities $3.440M $1.083M $3.417M
YoY Change -17.51% -68.31% -6.38%
INVESTING ACTIVITIES
Capital Expenditures -$2.040M $1.829M $389.0K
YoY Change 537.5% 370.18% -163.77%
Acquisitions
YoY Change
Other Investing Activities $21.35M $690.0K $8.590M
YoY Change -215.41% -91.97% -215.46%
Cash From Investing Activities $19.32M -$1.135M $8.201M
YoY Change -202.71% -113.84% -201.88%
FINANCING ACTIVITIES
Cash Dividend Paid $1.361M $1.307M
YoY Change 4.13%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $16.00K $15.00K
YoY Change 6.67%
Cash From Financing Activities -22.25M $795.0K 6.889M
YoY Change 261.2% -88.46% -74.8%
NET CHANGE
Cash From Operating Activities 3.440M $1.083M 3.417M
Cash From Investing Activities 19.32M -$1.135M 8.201M
Cash From Financing Activities -22.25M $795.0K 6.889M
Net Change In Cash 510.0K $743.0K 18.51M
YoY Change -102.45% -95.99% -19.32%
FREE CASH FLOW
Cash From Operating Activities $3.440M $1.083M $3.417M
Capital Expenditures -$2.040M $1.829M $389.0K
Free Cash Flow $5.480M -$746.0K $3.028M
YoY Change 22.05% -124.64% -28.92%

Facts In Submission

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CY2012Q1 dei Trading Symbol
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CY2012Q1 dei Entity Registrant Name
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FIRST KEYSTONE CORP
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CY2012Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
787000 shares
CY2012Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
8559000
CY2012Q1 us-gaap Occupancy Net
OccupancyNet
345000
CY2012Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
61000
CY2012Q1 us-gaap Professional Fees
ProfessionalFees
170000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3239000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2012Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
71000
CY2012Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
12000
CY2012Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-113000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
1893000
CY2012Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
14109000
CY2012Q1 us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
231000
CY2012Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2012Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2012Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
160000
CY2012Q1 us-gaap Interest Expense
InterestExpense
1907000
CY2012Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-116000
CY2012Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
2791000
CY2012Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
12000
CY2012Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
16000
CY2012Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
0
CY2012Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
92000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
2656000
CY2012Q1 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
190000
CY2012Q1 us-gaap Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
323000
CY2012Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
183000
CY2012Q1 us-gaap Other Comprehensive Income Loss Before Tax Period Increase Decrease
OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease
1863000
CY2012Q1 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax
30000
CY2012Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
30000
CY2012Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
252000
CY2012Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
8711000
CY2012Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
6726000
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2012Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
14456000
CY2012Q1 us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
1219000
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1829000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2012Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
275000
CY2012Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2622000
CY2012Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-12296000
CY2012Q1 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
12000
CY2012Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
6620000
CY2012Q1 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
29000
CY2012Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
112000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
644000
CY2012Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
5671000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
583000
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
743000
CY2012Q1 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
3256000
CY2012Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
5000
CY2012Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
184000
CY2012Q1 us-gaap Interest Paid
InterestPaid
1997000
CY2012Q1 us-gaap Noninterest Expense
NoninterestExpense
4585000
CY2012Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
7020000
CY2012Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
400000
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1219000
CY2012Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1361000
CY2012Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
126000
CY2012Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1305000
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
795000
CY2012Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
CY2012Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
5092000
CY2012Q1 fkys Atm Card And Processing Expense
ATMCardAndProcessingExpense
110000
CY2012Q1 fkys Atm Debit Card Fees And Other Income
ATMDebitCardFeesAndOtherIncome
243000
CY2012Q1 fkys Increase Decrease In Interest Payable Accrued Expenses And Other Liabilities
IncreaseDecreaseInInterestPayableAccruedExpensesAndOtherLiabilities
318000
CY2012Q1 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
258000
CY2012Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
272000
CY2012Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
159000
CY2012Q1 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
30000
CY2012Q1 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
286000

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