Lake Shore Bancorp, Inc. /MD/
Business
Lake Shore Bancorp, Inc. is a bank holding company that owns Lake Shore Bank, a community bank chartered in New York serving Western New York. The bank attracts retail deposits and invests primarily in commercial real estate loans, residential mortgages, home equity lines of credit, and commercial business loans. Lake Shore Bank operates ten branch offices in Erie and Chautauqua Counties and generates revenues principally from interest on loans and investment securities.
Summary from 10-K filed 2026-07-01
Financials
Consolidated Statement of Income
| 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
| 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
| 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Lake Shore Bancorp, Inc. /MD/'s CIK number?
Lake Shore Bancorp, Inc. /MD/'s SEC CIK number is 0002059653 (2059653). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Lake Shore Bancorp, Inc. /MD/'s SEC filings?
All of Lake Shore Bancorp, Inc. /MD/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Lake Shore Bancorp, Inc. /MD/ last report earnings?
Lake Shore Bancorp, Inc. /MD/ (LSBK) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-170558). This is Lake Shore Bancorp, Inc. /MD/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Lake Shore Bancorp, Inc. /MD/'s most recent earnings 8-K?
Lake Shore Bancorp, Inc. /MD/'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001193125-26-170558. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Lake Shore Bancorp, Inc. /MD/'s latest earnings 8-K →
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