FKYS — what changed in the latest 10-Q
A section-by-section comparison of FKYS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +58 | −35 | ~34 | 35 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | +1 | −1 | ~3 | 2 |
| Legal proceedings | Text added/removed | 0 | −1 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements.
The major source of operating income for the Company is net interest income, defined as interest and loan fee income less interest expense. In the three months ended June 30, 2026, interest income amounted to $19,976,000, an increase of $1,092,000 or 5.8% from the three months ended June 30, 2025, w…
Salaries and employee benefits amounted to $4,228,000 or 50.1% of total non-interest expense for the three months ended June 30, 2026, as compared to $4,303,000 or 52.1% of total non-interest expense for the three months ended June 30, 2025. The decrease was mainly the result of lower health care co…
Net occupancy, furniture and equipment, and computer expense amounted to $1,286,000 for the three months ended June 30, 2026, an increase of $97,000 or 8.2% which was mainly due to an increase in expense related to various new software systems that were implemented throughout 2025 and the first half…
Federal Deposit Insurance Corporation (“FDIC”) insurance expense amounted to $320,000 for the three months ended June 30, 2026, an increase of $16,000 or 5.3% as compared to the same period in 2025. FDIC insurance expense varies with changes in net asset size, risk ratings, and FDIC derived assessme…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Company, customers and economy; legislative and regulatory c…
The major source of operating income for the Company is net interest income, defined as interest and loan fee income less interest expense. In the three months ended March 31, 2026, interest income amounted to $19,242,000, an increase of $1,032,000 or 5.7% from the three months ended March 31, 2025,…
Total non-interest expense was $9,173,000 for the three months ended March 31, 2026, as compared to $8,649,000 for the three months ended March 31, 2025.
Salaries and employee benefits amounted to $4,967,000 or 54.1% of total non-interest expense for the three months ended March 31, 2026, as compared to $4,630,000 or 53.5% of total non-interest expense for the three months ended March 31, 2025. The increase was mainly due to normal employee merit inc…
Net occupancy, furniture and equipment, and computer expense amounted to $1,411,000 for the three months ended March 31, 2026, an increase of $196,000 or 16.1% which was mainly due to an increase in expense related to various new software systems that were implemented in 2025. Professional services …
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-06
Management identified a material weakness in the Company’s internal control over financial reporting related to the operation of the control related to the identification, evaluation, and documentation of
Text removed vs the prior filing · source: 10-Q · 2026-05-08
material weakness identified as of December 31, 2025. As of March 31, 2026, the material weakness previously identified had not been fully remediated. Accordingly, because the Company’s disclosure controls and procedures rely in part on the effectiveness of its internal control over financial report…
Legal proceedings
Text removed vs the prior filing · source: 10-Q · 2026-05-08
flows. In addition, no material proceedings are pending or are known to be threatened or contemplated against the Company and the Bank by government authorities or others.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice