Exciting News From The Vault

Yesterday's Traditions.

Tomorrow's Vision.

19 Convenient Locations

www.fkc.bank

Phone: 1.888.759.2266

Volume 4 - Issue 2

July 2022

Greetings!

Summer is here and I hope you are enjoying every minute!

Congratulations to all the recent graduates!

May all your dreams come true and your future endeavors be successful. Believe in yourself and anything is possible.

Listed below are some financial highlights as of March 31, 2022, in comparison to March 31, 2021.

Net income for the first quarter ended March 31, 2022, of $3,543,000. Net income per share was $0.60 while dividends totaled $0.28 per share for the three months ended March 31, 2022.

Total assets increased to $1,297,087,000 at March 31, 2022, an increase of $81,566,000 or 6.7% as compared to March 31, 2021.

Securities and restricted stocks increased $48,246,000 or 12.3% and net loans increased $55,149,000 or 7.7%.

Deposits increased $67,620,000 or 6.9% at March 31, 2022 as compared to March 31, 2021.

I am happy to announce that In May, we celebrated the following employee promotions:

Senior Vice President: June George

Vice President, Human Resources Manager: Cindy Laidacker

Vice President: Jeff Gilbert, Amanda Jarski, Kristi McClintock and Laurie Nudo

Asst. Vice President: Kayla Acornley, Herb Harmon and Bonnie Nevel

Officer: Patrick Connor, Jackson Jaffin, Teresa Sterner and Elizabeth Thomas

Congratulations everyone and thank you. Our success would not be possible without the continued hard work and dedication of our employees, officers, and board members.

I also want to thank you, for being a valued customer and trusting us with all your banking needs. We are so grateful to have you as a member of the First Keystone Community Bank family.

May your summer be filled with fun and time with family and friends.

Warmest Regards,

Elaine A. Woodland

President and CEO

Please Welcome the Newest

Members of our Commercial

Loan Team of Experts

Local Lenders Making Local Decisions!

START EARNING NOW!

LEARN MORE

THE RIGHT TO CHALLENGE THE IRS's POSITION AND BE HEARD

Every taxpayer has a set of fundamental rights when

working with the IRS which are known collectively as the Taxpayer Bill of Rights. One of these is the right

to challenge the IRS's position and be heard.

Here are some details about what this right means for taxpayers.

Taxpayers have the right to:

Raise objections.
Provide additional documentation in response to formal or proposed IRS actions.
Expect the IRS to consider their timely objections.
Have the IRS consider any supporting documentation promptly and fairly.
Receive a response if the IRS does not agree with their position.

Here are some specific things this right provides taxpayers.

In some cases, the IRS will notify a taxpayer that their tax return has a math or clerical error. If this happens, the taxpayer:
Has 60 days to tell the IRS that they disagree.
Should provide copies of any records that may help correct the error.
May call the number listed on the letter or bill for assistance.
Can expect the agency to make the necessary adjustment to their account and send a correction if the IRS upholds the taxpayer's position.

Here's what will happen if the IRS does not agree with the taxpayer's position:
The agency will issue a notice proposing a tax adjustment. This is a letter that comes in the mail.
This notice provides the taxpayer with a right to challenge the proposed adjustment.
The taxpayer makes this challenge by filing a petition in U.S. Tax Court. The taxpayer must generally file the petition within 90 days of the date of the notice, or 150 days if it is addressed outside the United States.

Taxpayers can submit documentation and raise objections during an audit. If the IRS does not agree with the taxpayer's position, the agency issues a notice explaining why it is increasing the tax. Prior to paying the tax, the taxpayer has the right to petition the U.S. Tax Court and challenge the agency's decision.

In some circumstances, the IRS must provide a taxpayer with an opportunity for a hearing before an independent Office of Appeals.
The agency must do this before taking enforcement actions to collect a tax debt. These actions include levying the taxpayer's bank account. Immediately after filing a notice of federal tax lien in the appropriate state filing location. If the taxpayer disagrees with the decision of the Appeals Office, they can petition the U.S. Tax Court.

For more information, please visit the

IRS WEBSITE

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The following eight locations can print Visa® Debit Cards during normal business hours Monday to Friday:

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Summer Activities

for Kids

Looking for affordable ways to keep your

little ones occupied this summer?

Here are some free and almost free activities

that can be done inside and outside

of the house.

Go Camping. No campground? No problem!

Pitch a tent in the backyard and spend the night underneath the stars.

Construct a backyard obstacle course with hula hoops, jump ropes,

sticks, stones, hoses, and other materials from around the house. Your kids

can take turns completing it—and the person with the fastest time wins a prize!

Have a Taste Test.

Choose an exotic cuisine that your children haven't tried, such as Thai or Brazilian. Find the country on a globe or a map and read a short Internet introduction to that nation's culture. Then make a signature dish from that country for lunch or dinner.

Decorate Rocks. The next time you embark on a hike, have your children

collect rocks. At home, they can decorate the stones with paint, stickers,

markers, glitter, and other art supplies. Display the finished products around

the house, use them as paperweights, or give them to relatives!

Look for shapes in the clouds. Put a blanket in the grass and stare up at the sky. Take turns talking about what you see in the clouds.

Arrange a Scavenger Hunt. What adventurous child doesn't love a scavenger hunt? Whether you set up this free summer activity for kids indoors or outdoors, the objective remains the same: find hidden objects using clever clues.

Host an outdoor movie night. Rent or borrow a movie projector and show a movie on a white sheet draped across PVC pipe in the backyard. Or use the side of your house as the screen. Bring sleeping bags, air mattresses, and pool rafts out as the seating and enjoy the show.

Swap Toys. A "toy swap" is a unique and fun summer activity for kids. Here's how to organize it: Invite friends and neighbors to come over with toys (in good condition) that they no longer want, then let the kids draw numbers to see who gets to pick a "new" toy first.

Water balloon baseball. Sometimes combining two summer activities can make for an exciting way to play outside. Just take a whiffle ball bat and fill up some water balloons. Now you can play baseball with a splash!

Make a time capsule. Have each family member write down something they are grateful for and include a special item in the time capsule. Then store it away until a designated date. You can open it as early as Thanksgiving or as far off as high school graduation.