Lake Shore Bancorp, Inc.
Description
Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services in New York. The company accepts various deposit products, such as regular savings deposits, including Christmas Club and statement savings accounts; NOW accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts, such as demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and accounts for individuals, as well as commercial savings, checking, and money market accounts for small to medium sized businesses. Its loan portfolio consists of commercial real estate, commercial construction, and home equity loans and lines of credit; commercial loans comprising business installment loans, lines of credit, and other commercial loans; one- to four-family residential mortgages; and consumer loans, such as personal consumer loans, overdraft lines of credit, vehicle loans, secured and unsecured property improvement loans, and other secured loans, as well as loans secured by certificates of deposit. In addition, it offers debit and credit cards, online banking, direct deposit, safe deposit boxes, overdraft protection, wire, e-services, and notary services. Lake Shore Bancorp, Inc. was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. is a subsidiary of Lake Shore, MHC.
About
CEO
Mr. Kim C. Liddell
Employees
115
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNMS
Address
31 East Fourth Street, Dunkirk, NY 14048, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 22, 2026 | — | — | — | — |
| Oct 21, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 21, 2025 | — | — | — | — |
| Apr 27, 2023 | — | 0.29 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 26.99M | 27.04M | 25.18M | 22.92M | 21.56M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 12.95M | 10.84M | 9.78M | 11.19M | 11.15M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 6.22M | 6.87M | 7.48M | 5.38M | 4.74M |
| Tax provision | 1.40M | 1.16M | 1.29M | 824,000 | 655,000 |
| Net income | 4.82M | 5.71M | 6.19M | 4.56M | 4.09M |
| Basic EPS | 0.82 | 0.97 | 1.05 | 0.77 | 0.68 |
| Diluted EPS | 0.82 | 0.97 | 1.05 | 0.77 | 0.68 |
| Basic average shares | 5.88M | 5.88M | 5.89M | 5.92M | 6.01M |
| Diluted average shares | 5.88M | 5.88M | 5.89M | 5.92M | 6.01M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 4.82M | 5.71M | 6.19M | 4.56M | 4.09M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 4.65M | 4.50M | 37.53M | 7.87M | 7.88M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 53.73M | 9.63M | 67.59M | 42.98M | 30.29M |
| Other short term investments | 60.44M | 73.05M | 88.80M | 79.23M | 71.20M |
| Accounts receivable | 2.84M | 2.80M | 2.48M | 2.99M | 2.15M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 1.21M | 1.21M | 1.21M | 1.21M | 1.21M |
| Machinery furniture equipment | 7.60M | 7.31M | 7.20M | 6.70M | 6.42M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -14.12M | -13.36M | -12.70M | -11.84M | -11.14M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 60.44M | 73.05M | 88.82M | 79.29M | 71.20M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | 12.60M | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 35.25M | 24.95M | 21.95M | 29.75M | 34.65M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 68,000 | 68,000 | 68,000 | 68,000 | 68,000 |
| Retained earnings | 78.96M | 74.86M | 70.59M | 65.49M | 61.95M |
| Other shareholders equity | -9.39M | -10.33M | 978,000 | 2.15M | 1.33M |
| Total shareholders equity | 86.27M | 81.18M | 87.98M | 85.92M | 82.84M |
| Additional paid in capital | 31.46M | 31.46M | 31.35M | 31.20M | 31.08M |
| Treasury stock | 13.76M | 13.57M | 13.66M | 11.58M | 10.18M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||
| Net Income | 4.82M | 5.71M | 6.19M | 4.56M | 4.09M | 4.00M | 3.38M | 3.52M | 3.34M | 3.16M | 3.74M | 3.63M | 3.68M | 3.04M | 2.16M | 1.47M | 1.82M | 1.82M | 2.05M | 2.18M |
| Depreciation | 807,000 | 856,000 | 865,000 | 840,000 | 809,000 | 774,000 | 852,000 | 865,000 | 834,000 | 750,000 | 699,000 | 663,000 | 655,000 | 602,000 | 545,000 | 526,000 | 544,000 | 652,000 | 618,000 | 607,000 |
| Deferred Taxes | 17,000 | -187,000 | 217,000 | -492,000 | -41,000 | 135,000 | 219,000 | -222,000 | 257,000 | -26,000 | -46,000 | -240,000 | -40,000 | 111,000 | -317,000 | -480,000 | 138,000 | -217,000 | 286,000 | -57,000 |
| Stock-Based Compensation | 103,000 | 335,000 | 374,000 | 322,000 | 442,000 | 575,000 | 566,000 | 325,000 | 327,000 | 209,000 | 132,000 | 124,000 | 304,000 | 397,000 | 316,000 | 291,000 | 310,000 | — | — | — |
| Other Non-Cash Items | -15,000 | -111,000 | 302,000 | 808,000 | 62,000 | 12,000 | 14,000 | 121,000 | 97,000 | 31,000 | — | — | 78,000 | -315,000 | -6.29M | -1.67M | -210,000 | 60,000 | -185,000 | 1.17M |
| Accounts Receivable | -39,000 | -313,000 | 504,000 | -834,000 | -240,000 | -112,000 | -201,000 | 48,000 | 68,000 | 71,000 | 15,000 | 117,000 | -118,000 | -80,000 | 9,000 | -236,000 | -90,000 | — | — | -153,000 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 828,000 | 916,000 | -671,000 | -1.10M | -778,000 | -247,000 | 85,000 | -345,000 | -531,000 | -611,000 | -301,000 | 590,000 | 152,000 | -601,000 | 777,000 | 777,000 | -449,000 | — | — | — |
| Operating Cash Flow | 6.52M | 7.20M | 7.78M | 4.10M | 4.34M | 5.14M | 4.91M | 4.31M | 4.39M | 3.58M | 4.24M | 4.88M | 4.71M | 3.16M | -2.80M | 677,000 | 2.06M | 2.31M | 2.77M | 3.74M |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -391,000 | -406,000 | -627,000 | -399,000 | -810,000 | -818,000 | -1.48M | -468,000 | -459,000 | -627,000 | -657,000 | -1.82M | -216,000 | -1.62M | -301,000 | -1.81M | -229,000 | -236,000 | -1.63M | -783,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -150,000 | -350,000 | — | — | — |
| Purchase of Investments | — | -6.14M | -29.97M | -27.96M | -2.27M | -16.17M | -13.23M | — | — | — | -35.97M | -32.60M | -30.20M | -77.20M | -37.57M | -26.35M | -14.69M | -30.47M | -21.41M | -44.79M |
| Sale of Investments | 13.70M | 7.51M | 18.82M | 20.91M | 18.83M | 9.43M | 18.51M | 26.26M | 23.87M | 24.61M | 30.24M | 36.09M | 29.01M | 40.38M | 33.12M | 19.53M | 16.91M | 19.75M | 24.97M | 26.31M |
| Investing Cash Flow | 1.67M | 558,000 | -11.30M | -6.62M | 15.32M | -8.97M | 3.85M | 24.03M | 24.18M | 24.77M | -5.54M | 132,000 | -1.06M | -38.06M | -4.52M | -8.45M | 1.03M | -14.76M | -4.82M | -32.88M |
| Financing Activities | ||||||||||||||||||||
| Long-Term Debt Issuance | 15.25M | 5.00M | — | 1.20M | 16.25M | 1.50M | 9.70M | — | 10.45M | 15.20M | 1.75M | — | 4.10M | 9.30M | 4.05M | 23.50M | 14.80M | 3.50M | — | 14.93M |
| Long-Term Debt Payments | -5.03M | -2.07M | -7.80M | -6.10M | -6.25M | -3.80M | -1.70M | -2.20M | -8.25M | -4.10M | -8.30M | -12.83M | -11.03M | -11.29M | -14.36M | -27.99M | -9.61M | -8.23M | -4.78M | -1.88M |
| Other Financing Charges | -1,000 | 110,000 | 15,000 | -50,000 | 99,000 | 134,000 | -183,000 | -102,000 | -130,000 | -39,000 | 245,000 | 61,000 | 121,000 | -43,000 | 102,000 | 299,000 | 124,000 | -2.55M | — | 10.90M |
| Financing Cash Flow | -2.44M | 14.11M | -11.12M | -7.56M | 7.41M | -4.49M | 6.81M | -3.65M | 713,000 | -1.24M | -6.56M | -9.62M | -5.72M | -6.04M | -10.04M | -19.21M | 10.65M | -7.96M | -5.30M | 23.88M |
| Other Cash Details | ||||||||||||||||||||
| End Cash Position | 53.73M | 9.63M | 67.59M | 42.98M | 30.29M | 30.75M | 40.91M | 45.48M | 34.23M | 35.81M | 17.20M | 19.77M | 23.70M | 33.51M | 22.06M | 29.04M | 10.09M | 18.68M | 12.05M | 11.58M |
| Income Tax Paid | 1.32M | 975,000 | 1.35M | 1.10M | 770,000 | 529,000 | 920,000 | — | 580,000 | 828,000 | 1.13M | 1.11M | 1.18M | 1.19M | 764,000 | — | — | — | — | — |
| Interest Paid | 8.63M | 2.40M | 2.68M | 4.41M | 5.18M | 3.60M | 2.61M | — | 2.76M | 3.33M | 3.57M | 4.64M | 5.68M | 6.32M | 7.99M | — | — | — | — | — |
| Free Cash Flow | 5.81M | 7.80M | 7.92M | 5.20M | 5.03M | 5.30M | 4.35M | 3.83M | 4.50M | 3.72M | 4.73M | 4.93M | 5.94M | 3.28M | 2.25M | 2.37M | 1.86M | 4.26M | 1.30M | 3.04M |
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Article
Lake Shore Bancorp, Inc. Declares Fourth Quarter 2024 Dividend
DUNKIRK, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock on January 27, 2025. The dividend is expected to be paid on February 14, 2025 to stockholders of record as of February 10, 2025. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the “Reserve Bank”) on January 9, 2025 to pay a cash dividend of $0.18 per share to its stockholders.
Jan 27, 2025
Article
Lake Shore Bancorp, Inc. Announces Fourth Quarter 2024 and Year End Financial Results
DUNKIRK, N.Y., Jan. 24, 2025 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.5 million, or $0.26 per diluted share, for the fourth quarter of 2024 compared to net income of $749,000, or $0.13 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported unaudited net income of $4.9 million, or $0.88 per diluted share, as compared to $4.8 million, or $0.82 per diluted share for the year ended December 31, 2023. The Company's 2024 financial performance was positively impacted by a decrease in non-interest expenses as a result of efforts to optimize operating expenses while reducing its reliance on wholesale funding by $41.0 million.
Jan 24, 2025
Article
Lake Shore Savings Bank Announces Termination of OCC Consent Order
DUNKIRK, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- On December 3, 2024, Lake Shore Savings Bank (“Bank”), the wholly-owned federal savings bank subsidiary of Lake Shore Bancorp, Inc. (“Company”) received termination notice of the Consent Order by the Office of the Comptroller of the Currency (“OCC”), the Bank's primary federal regulator. The Consent Order required the Bank to correct deficiencies related to information technology, security, automated clearing house, audit, management, and Bank Secrecy Act / Anti-Money Laundering. In addition to the termination of the Consent Order, the OCC terminated the “Troubled Condition” status.
Dec 3, 2024
