L
Lake Shore Bancorp, Inc. /MD/
LSBKCIK 0002059653NasdaqNon-AcceleratedSmaller ReportingSavings Institution, Federally CharteredMarylandFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$7.27M
Total Assets
$727.32M
Equity
$141.64M
Shares Out
7.84M
Op. Cash Flow
$8.00M
Business
Lake Shore Bancorp, Inc. /MD/ is a publicly listed company in Savings Institution, Federally Chartered, incorporated in Maryland. Common stock trades on Nasdaq under the ticker LSBK.
Auto-generated from company profile
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Loans, including fees | 33 | 31 | |
| Investment securities, taxable | 643,000 | 765,000 | |
| Investment securities, tax-exempt | 830,000 | 866,000 | |
| Interest-earning deposits | 2 | 2 | |
| Total Interest Income | 36 | 35 | |
| Deposits | 12 | 13 | |
| Long-term debt | 108,000 | 621,000 | |
| Finance Lease and Other | 60,000 | 43,000 | |
| Total Interest Expense | 12 | 14 | |
| Net Interest Income | 25 | 21 | |
| Provision for Credit Losses | −180,000 | −1 | |
| Net Interest Income After Provision for Credit Losses | 25 | 23 | |
| Service charges and fees | 1 | 1 | |
| Debit card fees | 780,000 | 816,000 | |
| Earnings on bank-owned life insurance | 1 | 1 | |
| Gains on equity securities | 150,000 | 54,000 | |
| Recovery on previously impaired investment securities | 4,000 | 6,000 | |
| Gain on sale of securities available for sale | 10,000 | — | |
| Earnings on annuity assets | 58,000 | 161,000 | |
| Other | 68,000 | 89,000 | |
| Total Non-Interest Income | 3 | 3 | |
| Salaries and employee benefits | 12 | 11 | |
| Occupancy and equipment | 3 | 3 | |
| Data processing | 2 | 2 | |
| Professional services | 1 | 1 | |
| Telephone and communications | 321,000 | 434,000 | |
| FDIC insurance | 303,000 | 796,000 | |
| Postage and supplies | 310,000 | 276,000 | |
| Advertising | 58,000 | 94,000 | |
| Other | 1 | 976,000 | |
| Total Non-Interest Expense | 19 | 20 | |
| Income before Income Taxes | 9 | 6 | |
| Income Tax Expense | 1 | 935,000 | |
| Net Income | 7 | 5 | |
| Earnings Per Common Share: Basic | 0.97 | 0.65 | |
| Earnings Per Common Share: Diluted | 0.97 | 0.65 | |
| Dividends declared per share | 0.31 | 0.4 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash and due from banks | 3 | 3 | — | |
| Interest-earning deposits | 61 | 30 | — | |
| Cash and Cash Equivalents | 64 | 33 | — | |
| Securities, at fair value | 56 | 56 | — | |
| Federal Home Loan Bank stock, at cost | 673,000 | 1 | — | |
| Loans receivable, net of allowance for credit losses of $4,884 in 2025 and $5,133 in 2024 | 555 | 545 | — | |
| Premises and equipment, net | 7 | 7 | — | |
| Accrued interest receivable | 3 | 3 | — | |
| Bank-owned life insurance | 32 | 29 | — | |
| Other assets | 9 | 11 | — | |
| Total Assets | 727 | 686 | — | |
| Deposits: Interest-bearing | 477 | 477 | — | |
| Deposits: Non-interest-bearing | 96 | 96 | — | |
| Total Deposits | 573 | 573 | — | |
| Long-term debt | 0 | 10 | — | |
| Advances from borrowers for taxes and insurance | 3 | 3 | — | |
| Other liabilities and accrued interest payable | 9 | 9 | — | |
| Total Liabilities | 586 | 596 | — | |
| Commitments and Contingencies | — | — | — | |
| Preferred stock, $0.01 par value per share, 10,000,000 shares authorized at December 31, 2025; no shares issued or outstanding at December 31, 2025 or December 31, 2024 | 0 | 0 | — | |
| Common stock, $0.01 par value per share, 40,000,000 shares authorized at December 31, 2025 and 25,000,000 shares authorized at December 31, 2024; 7,836,100 shares issued and outstanding at December 31, 2025 and 9,262,793 shares issued and 7,770,658 shares outstanding at December 31, 2024 | 78,000 | 68,000 | — | |
| Additional paid-in capital | 66 | 31 | — | |
| Treasury stock, at cost (No shares at December 31, 2025 and 1,492,135 shares at December 31, 2024) | 0 | −13 | — | |
| Unearned shares held by ESOP | −5 | −938,000 | — | |
| Retained earnings | 88 | 83 | — | |
| Accumulated other comprehensive loss | −8 | −10 | — | |
| Total Stockholders' Equity | 142 | 90 | 86 | |
| Total Liabilities and Stockholders' Equity | 727 | 686 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Net amortization of investment securities | 70,000 | 72,000 | |
| Net amortization of deferred loan costs | 385,000 | 496,000 | |
| Provision for credit losses | −180,000 | −1 | |
| Loss (gain) on disposal of premises and equipment | 2,000 | −14,000 | |
| Depreciation and amortization of premises and equipment | 612,000 | 739,000 | |
| Deferred income tax (benefit) expense | −101,000 | 128,000 | |
| ESOP shares committed to be released | 263,000 | 99,000 | |
| Stock based compensation expense | 295,000 | 246,000 | |
| (Increase) decrease in accrued interest receivable | −188,000 | 16,000 | |
| Decrease (increase) in other assets | 595,000 | −1 | |
| Loss on sale of foreclosed real estate | — | 19,000 | |
| Increase (decrease) in other liabilities | 346,000 | −31,000 | |
| Increase in annuity asset | −58,000 | −161,000 | |
| Net Cash Provided by Operating Activities | 8 | 3 | |
| Activity in debt securities: Sales | 17,000 | — | |
| Activity in debt securities: Maturities, prepayments and calls | 3 | 3 | |
| Redemptions of Federal Home Loan Bank of New York Stock | 484,000 | 1 | |
| Loan principal collections, originations, and purchases, net | −11 | 12 | |
| Proceeds from claims on and surrender of bank-owned life insurance | 2 | 8 | |
| Purchase of annuity assets | — | −3 | |
| Purchase of bank-owned life insurance | −2 | — | |
| Proceeds from the sale of equity securities | 223,000 | — | |
| Proceeds from sale of foreclosed real estate | 0 | 42,000 | |
| (Additions) and sales of premises and equipment, net | −560,000 | 41,000 | |
| Net Cash (Used in) Provided by Investing Activities | −8 | 21 | |
| Proceeds from the sale of common stock, net of offering costs and ESOP purchase | 43 | — | |
| Net increase (decrease) in deposits | 299,000 | −18 | |
| Net decrease in advances from borrowers for taxes and insurance | −179,000 | −82,000 | |
| Repayment of long-term debt | −10 | −25 | |
| Repayment of finance lease obligation | −101,000 | −93,000 | |
| Repurchase of common stock | −53,000 | −20,000 | |
| Cash dividends paid | −2 | −1 | |
| Net Cash Provided by (Used in) Financing Activities | 31 | −44 | |
| Net Increase (Decrease) in Cash and Cash Equivalents | 31 | −21 | |
| Interest paid | 12 | 14 | |
| Income taxes paid (U.S. Federal) | 2 | 990,000 | |
| Income taxes paid (NY State) | 5,000 | 5,000 | |
| Unrealized gain (loss) on securities available for sale | 3 | −726,000 | |
| Accrued purchase of property and equipment | — | 114,000 |
Filings
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