What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2021-03-15 compared with 2020-03-13 · 35 added, 49 removed, 35 unchanged (71% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

The Corporation’s common stock is

traded in the over-the-counter market on the OTC Market under the symbol “FKYS”.

The Corporation’s common stock is traded in the over-the-counter market on the OTC Market under the symbol “FKYS”.

The following table sets forth:

• The quarterly high and low prices for a share of the Corporation’s

common stock during the periods indicated as reported to the management of the Corporation;

• Quarterly dividends on a share of the common stock paid

with respect to each quarter since January 1, 2018;

• The quotations reflect inter-dealer prices, without retail

mark-up, mark-down or commission and may not represent actual transactions.

● The quarterly high and low prices for a share of the Corporation’s common stock during the periods indicated as reported to the management of the Corporation;

● Quarterly dividends on a share of the common stock paid with respect to each quarter since January 1, 2019;

● The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.

MARKET VALUE OF COMMON STOCK

7 unchanged sentences

Fourth quarter

As of December 31, 2019, the Corporation

had approximately 896 shareholders of record.

The Corporation has paid dividends since

commencement of business in 1984.

It is the present intention of the Corporation’s Board of Directors to continue the dividend

payment policy.

Stock value, cost and availability of external capital, and the Corporation’s present and anticipated capital

needs are weighed in the process of making a responsible decision.

Further dividends must necessarily depend upon earnings, financial

condition, appropriate legal restrictions and other factors relevant at the time the Board of Directors of the Corporation considers

its dividend policy.

Cash available for dividend distributions to shareholders of the Corporation must initially come from dividends

paid by the Bank to the Corporation.

Therefore, the restrictions on the Bank’s dividend payments are directly applicable

to the Corporation.

As of December 31, 2020, the Corporation had approximately 893 shareholders of record.

The Corporation has paid dividends since commencement of business in 1984.

It is the present intention of the Corporation’s Board of Directors to continue the dividend payment policy.

Stock value, cost and availability of external capital, and the Corporation’s present and anticipated capital needs are weighed in the process of making a responsible decision.

Further dividends must necessarily depend upon earnings, financial condition, appropriate legal restrictions and other factors relevant at the time the Board of Directors of the Corporation considers its dividend policy.

Cash available for dividend distributions to shareholders of the Corporation must initially come from dividends paid by the Bank to the Corporation.

Therefore, the restrictions on the Bank’s dividend payments are directly applicable to the Corporation.

Transfer Agent:

Stock Transfer & Trust Company, LLC (AST)

The following brokerage firms make a market

in First Keystone Corporation common stock:

Wealth Management

Montgomery Scott LLC

Nicolaus & Co.

& Scattergood, Inc.

American Stock Transfer & Trust Company, LLC (AST)

(800) 937-5449

6201 15 th Avenue

Brooklyn, NY 11219

The following brokerage firms make a market in First Keystone Corporation common stock:

RBC Wealth Management

(800) 223-4207

Janney Montgomery Scott LLC

(800) 526-6397

Stifel Nicolaus & Co.

(800) 679-5446

Boenning & Scattergood, Inc.

(800) 883-1212

Dividend Restrictions on the Bank

Generally, as a Pennsylvania state chartered

bank, under Pennsylvania banking law, the Bank may only pay dividends out of accumulated net earnings.

Generally, as a Pennsylvania state chartered bank, under Pennsylvania banking law, the Bank may only pay dividends out of accumulated net earnings.

Dividend Restrictions on the Corporation

Under the Pennsylvania Business Corporation

Law of 1988, as amended, the Corporation may not pay a dividend if, after giving effect thereto, either:

• The Corporation would be unable to pay its debts as they

become due in the usual course of business;

• The Corporation’s

total assets would be less than its total liabilities.

The determination of total assets and liabilities

may be based upon:

• Financial statements prepared on the basis of generally

accepted accounting principles;

• Financial statements that are prepared on the basis of

other accounting practices and principles that are reasonable under the circumstances;

• A fair valuation or other method that is reasonable under

the circumstances.

Under the Pennsylvania Business Corporation Law of 1988, as amended, the Corporation may not pay a dividend if, after giving effect thereto, either:

● The Corporation would be unable to pay its debts as they become due in the usual course of business;

● The Corporation’s total assets would be less than its total liabilities.

The determination of total assets and liabilities may be based upon:

● Financial statements prepared on the basis of generally accepted accounting principles;

● Financial statements that are prepared on the basis of other accounting practices and principles that are reasonable under the circumstances;

● A fair valuation or other method that is reasonable under the circumstances.

SELECTED FINANCIAL DATA

(Dollars in thousands, except per share data)

the Year Ended December 31,

For the Year Ended December 31,

SELECTED FINANCIAL DATA AT YEAR END:

2 unchanged sentences

Total long-term borrowings

Total stockholders’

Total stockholders’ equity

SELECTED OPERATING DATA:

3 unchanged sentences

Provision for loan losses

interest income after provision for loan losses

Net interest income after provision for loan losses

Non-interest income

9 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity