First Keystone Corporation reported a significant increase in financial performance for the second quarter of 2025, with net income reaching $2.9 million, up from $1.4 million in the same period last year. This translates to earnings per share of $0.47, compared to $0.23 in the prior year. For the first half of 2025, the company recorded a net income of $4.0 million, a substantial recovery from a net loss of $17.0 million in the first half of 2024, primarily due to a one-time goodwill impairment charge of $19.1 million recognized in the previous year.
Total interest income for the second quarter increased by 7.3% to $18.9 million, driven by growth in commercial real estate loans. Interest expense decreased slightly to $9.4 million, resulting in a net interest income of $9.5 million, an 18.8% increase from the previous year. The net interest margin improved to 2.78%, up from 2.38% in the same quarter of 2024. The provision for credit losses showed a credit balance of $237,000, a decrease from $510,000 in the prior year, reflecting a more favorable assessment of the loan portfolio.
In terms of operational metrics, total loans increased to $958.9 million as of June 30, 2025, up from $946.8 million at the end of 2024. The real estate loan segment, which constitutes the majority of the portfolio, grew by $13.9 million. Total deposits also rose by $11.4 million to $1.06 billion, with a notable increase in interest-bearing deposits. The company’s allowance for credit losses stood at $7.8 million, covering 160.4% of non-performing assets, which decreased slightly to $4.8 million.
Looking ahead, First Keystone Corporation remains focused on maintaining its asset quality and managing credit risk amid a challenging economic environment characterized by inflation and geopolitical tensions. The company continues to monitor its loan portfolio closely and is prepared to adjust its strategies in response to market conditions. Management expressed confidence in the company’s ability to sustain its growth trajectory while navigating potential economic uncertainties.
About FIRST KEYSTONE CORP
First Keystone Corporation is a bank holding company that manages First Keystone Community Bank, a full-service regional bank serving northeastern Pennsylvania. It offers personal and business banking, loans, trust, and investment services. Focused on community banking, it emphasizes relationship-based service, local market expertise, and regulatory compliance, supporting small to medium-sized businesses and individuals in its primary markets.
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