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Lake Shore Bancorp Inc   (LSBK)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $11.6200 $0.00 0.000%
Day's High: $11.62 Week Perf: 3.29 %
Day's Low: $ 11.62 30 Day Perf: -2.84 %
Volume (M): 1 52 Wk High: $ 12.24
Volume (M$): $ 8 52 Wk Avg: $10.81
Open: $11.62 52 Wk Low: $9.51



 Market Capitalization (Millions $) 68
 Shares Outstanding (Millions) 6
 Employees 104
 Revenues (TTM) (Millions $) 28
 Net Income (TTM) (Millions $) 5
 Cash Flow (TTM) (Millions $) 26
 Capital Exp. (TTM) (Millions $) 0

Lake Shore Bancorp Inc

Lake Shore Bancorp, Inc. operates as a mid-tier, federally chartered savings and loan holding company of Lake Shore Savings Bank (“Lake Shore Savings” or the “Bank”). A majority of Lake Shore Bancorp’s issued and outstanding common stock (60.6% as of December 31, 2015) is held by Lake Shore, MHC (the “MHC”), a federally chartered mutual holding company, which serves as the parent company to Lake Shore Bancorp. The MHC does not engage in any substantial business activity other than its investment in a majority of the common stock of Lake Shore Bancorp. The Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) is the regulator for the MHC. Federal law and regulations require that as long as the MHC is in existence, it must own at least a majority of Lake Shore Bancorp’s common stock. The remaining common shares of Lake Shore Bancorp are owned by public stockholders and the Lake Shore Savings Bank Employee Stock Ownership Plan (“ESOP”). Our common stock is traded on the Nasdaq Global Market under the symbol “LSBK”. Unless the context otherwise requires, all references herein to Lake Shore Bancorp or Lake Shore Savings include Lake Shore Bancorp and Lake Shore Savings on a consolidated basis.

Lake Shore Bancorp, Inc. was organized in 2006 for the purpose of acting as the savings and loan holding company of Lake Shore Savings Bank in connection with the Company’s initial public stock offering. The Company, a federal corporation, is regulated by the Federal Reserve Board.

Lake Shore Savings Bank was chartered as a New York savings and loan association in 1891. In 2006, the Bank converted from a New York-chartered mutual savings and loan association to a federal savings bank charter. The Bank is subject to the supervision and regulation of the Office of the Comptroller of the Currency (“OCC”).

For over 124 years, the Bank has served the local community of Dunkirk, New York. In 1987, we opened our second office in Fredonia, New York. Since 1993, we have expanded to eleven branch offices. In addition, we have added three administrative office buildings which comprise our corporate headquarters in Dunkirk, New York. Our principal business consists of (1) attracting retail deposits from the general public in the areas surrounding our corporate headquarters and main branch office in Dunkirk, New York and ten other branch offices in Chautauqua and Erie Counties, New York and (2) investing those deposits, together with funds generated from operations, primarily in one- to four-family residential mortgage loans, commercial real estate loans, home equity lines of credit and, to a lesser extent, commercial business loans, consumer loans, and investment securities.

Historically, as a thrift institution, we have primarily originated residential mortgage loans, including home equity loans. In recent years, we have become more focused on originating commercial real estate and commercial business loans, also known as C&I Lending, to add adjustable rate loans to our portfolio and diversify the risk on our balance sheet, limit interest rate risk and to position ourselves for a rising interest rate environment. We plan to continue this practice in the near future. We have also purchased a limited number of equipment loans from a third party broker, which are secured by first liens on the new equipment purchases by small businesses located throughout the Northeastern United States.

Our Board of Directors reviews and approves our investment policy on an annual basis. This policy dictates that investment decisions be made based on the safety of the investment, liquidity requirements, potential returns, cash flow targets, and consistency with our interest rate risk management strategy. The Board of Directors has delegated primary responsibility for ensuring that the guidelines in the investment policy are followed to the President and Chief Executive Officer and the Chief Financial Officer. Our President and Chief Executive Officer or our Chief Financial Officer are responsible for making securities portfolio decisions in accordance with established policies and have the authority to purchase and sell securities within the specific guidelines established by the investment policy. In addition, all transactions are reviewed by the Asset/Liability Committee of the Board of Directors which meets at least quarterly.

All of our securities carry market risk, as increases in market rates of interest may cause a decrease in the fair value of the securities. Our investment policy is designed primarily to manage the interest rate sensitivity of our assets and liabilities, to generate a favorable return without incurring undue interest rate or credit risk, to complement our lending activities and to provide and maintain liquidity within established guidelines. Our investment policy outlines the pre-purchase analysis, credit, and interest rate risk assessment guidelines and due diligence documentation required for all permissible investments. In addition, our policy requires management to routinely monitor the investment portfolio as well as the markets for changes which may have a material, negative impact on the credit quality of our holdings.



   Company Address: 31 East Fourth Street Dunkirk 14048 NY
   Company Phone Number: 366-4070   Stock Exchange / Ticker: NASDAQ LSBK
   LSBK is expected to report next financial results on March 30, 2024.


Customers Net Income fell by LSBK's Customers Net Profit Margin fell to

-6.73 %

15.96 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BCBP   -1.32%    
BRKL   -0.82%    
CARV        3.07% 
FSFG        0.42% 
NFBK   -0.3%    
WSBF        0.65% 
• View Complete Report
   



Lake Shore Bancorp Inc

Lake Shore Bancorp Inc. Reports Impressive 1.226% Increase in Revenue for Q3 2023



Lake Shore Bancorp Inc, the holding company for Lake Shore Savings Bank, recently released its financial results for the third quarter of 2023. While the company experienced a rise in revenue by 1.226%, it also witnessed a significant decrease in income by -10% compared to the same period last year. This article aims to interpret the financial results and explore the potential implications for Lake Shore Bancorp Inc moving forward.
Revenue Improvement Amidst Downturn in S&Ls Savings Banks Industries:
Despite a -9.94% reduction in business across the S&Ls Savings Banks industry, LSBKs reported a notable revenue increase. With total revenue amounting to $7.10 million and earnings per share (EPS) at $0.27, Lake Shore Bancorp Inc stands out in its ability to generate growth and outperform industry trends.

Lake Shore Bancorp Inc

Lake Shore Bancorp Inc maintains revenue growth despite decline in earnings in fiscal second quarter of 2023

During the past week, Lake Shore Bancorp Inc stock experienced a decline of -1.12%. This decline contributes to a year-to-date performance of -11.95%. However, despite this recent drop, Lake Shore Bancorp Inc stock is still trading 10.4% above its 52-week low.
Lake Shore Bancorp Inc, a Savings and Loan (S&Ls) company, recently released its fiscal second-quarter results for 2023. While many companies in the S&Ls sector have been facing revenue reductions, Lake Shore Bancorp Inc managed to achieve top-line growth. Their revenue rose by 5.396% to $6.95 million when compared to the same period in the previous year.
However, it is worth noting that Lake Shore Bancorp Inc also experienced a significant decline in income per share, which fell by -51.72% to $0.14 per share, down from $0.29 in the previous year's reporting period. The company's net profits for the fiscal period of April to June 30, 2023, also decreased by -51.54% to $0.816 million, compared to $1.684 million in the corresponding period the previous year.

Lake Shore Bancorp Inc

Lake Shore Bancorp Inc Soars to New Heights with Impressive First Quarter Performance - Revenue Surges by 28.793%

Lake Shore Bancorp Inc, a financial institution that provides banking and financial services in the United States, reported an impressive first-quarter performance in 2023. The company's bottom-line jumped by 61.11% year on year to $0.29 per share, while revenue increased by 28.793% to $7.47 million. Sequentially earnings per share also soared by 46.11% from $0.20 per share, and revenue advanced by 8.151% from $6.91 million.
The financial interval that closed on March 31, 2023, reported a bottom-line of $1.684 million. This was a significant increase of 58.72% from the net earnings of $1.061 million reported in the financial interval that closed on March 31, 2022, a year ago. The company's improved profit margins were also highlighted. The net margin rose to 22.54% in the financial interval that closed on March 31, 2023, while the operating margin edged up to 26.14%.






 

Lake Shore Bancorp Inc's Segments
 
 
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