Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising 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. The company's loan portfolio consists of commercial real estate, commercial construction, and home equity loans; lines of credit; commercial loans, such as business installment loan, line of credit, and other commercial loan; one-to four-family residential mortgages; and consumer loans that include 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. As of February 5, 2021, it had eleven full-service branch locations in Western New York, including five locations in Chautauqua County and six locations in Erie County, New York. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. operates as a subsidiary of Lake Shore, MHC.
IPO Year: 2006
Exchange: NASDAQ
Website: lakeshoresavings.com
Taylor Gilden (left) and Rachel Foley (right) DUNKIRK, N.Y., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company"), its wholly-owned subsidiary, Lake Shore Savings Bank (the "Bank"), and Lake Shore, MHC (the "MHC"), appointed Taylor Gilden as Chief Financial Officer ("CFO") and Treasurer and Rachel Foley as Chief Operating Officer ("COO") of the Company, the Bank, and the MHC. In these roles, Mr. Gilden will be responsible for the organization's financial and risk management and reporting while Ms. Foley will be responsible for deposit and retail loan operations. Mr. Gilden and Ms. Foley will work closely together to strengthen and enhance the organization's finance
10-Q - LAKE SHORE BANCORP, INC. (0001341318) (Filer)
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8-K - LAKE SHORE BANCORP, INC. (0001341318) (Filer)
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8-K - LAKE SHORE BANCORP, INC. (0001341318) (Filer)
8-K - LAKE SHORE BANCORP, INC. (0001341318) (Filer)
8-K - LAKE SHORE BANCORP, INC. (0001341318) (Filer)
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DUNKIRK, N.Y., Oct. 24, 2024 (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 October 23, 2024. The dividend is expected to be paid on November 8, 2024 to stockholders of record as of November 4, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on September 30, 2024 to pay a cash dividend of $0.18 per share to its stockholders. About Lake ShoreLake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier hol
DUNKIRK, N.Y., Oct. 23, 2024 (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 $1.3 million, or $0.24 per diluted share, for the third quarter of 2024 compared to net income of $1.1 million, or $0.19 per diluted share, for the second quarter of 2024, and $1.6 million, or $0.27 per diluted share, for the third quarter of 2023. The increase in net income during the third quarter of 2024 was primarily driven by an increase in net interest income and a reduction in non-interest expenses when compared to the previous quarter. For the first nine months of 2024, the Company rep
DUNKIRK, N.Y., July 31, 2024 (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. The dividend is expected to be paid on August 16, 2024 to stockholders of record as of August 12, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on July 8, 2024 to pay a cash dividend of $0.18 per share to its stockholders. About Lake Shore Lake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier holding company of Lake Shore
DUNKIRK, N.Y., July 24, 2024 (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 $1.1 million, or $0.19 per diluted share, for the second quarter of 2024 compared to net income of $816,000, or $0.14 per diluted share, for the second quarter of 2023. For the first six months of 2024, the Company reported unaudited net income of $2.1 million, or $0.36 per diluted share, as compared to $2.5 million, or $0.43 per diluted share, for the first six months of 2023. The increase in net income during the second quarter of 2024 was primarily driven by a reduction in non-interest expe
DUNKIRK, N.Y., April 26, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced yesterday that it received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") to pay a cash dividend of $0.18 per share to its stockholders. Additionally, the Reserve Bank also issued a non-objection to Lake Shore, MHC (the "MHC"), the Company's mutual holding company parent, to waive the MHC's receipt of cash dividends on its common stock up to $0.72 per share during the twelve-month period ending April 2, 2025 (the "Dividend Waivers"). As the Company has previously disclosed,
DUNKIRK, N.Y., April 22, 2024 (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 $1.0 million, or $0.17 per diluted share, for the 2024 first quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2023 first quarter. Net income decreased $670,000, or 39.8%, when compared to the 2023 first quarter and was negatively impacted by a decrease in net interest income and the period-over-period change in the provision for credit losses. These changes were partially offset by a decrease in non-interest expense and an increase in non-interest income pri
DUNKIRK, N.Y., Jan. 31, 2024 (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 $749,000, or $0.13 per diluted share, for the fourth quarter of 2023 compared to net income of $1.2 million, or $0.20 per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, the Company reported unaudited net income of $4.8 million, or $0.82 per diluted share, as compared to $5.7 million, or $0.97 per diluted share, for the year ended December 31, 2022. The Company's 2023 financial performance was negatively impacted by the Office of the Comptroller of the Curr
DUNKIRK, N.Y., Oct. 26, 2023 (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 $1.6 million, or $0.27 per diluted share, for the 2023 third quarter compared to net income of $1.8 million, or $0.30 per diluted share, for the 2022 third quarter. For the first nine months of 2023, the Company reported unaudited net income of $4.1 million, or $0.69 per diluted share, as compared to $4.5 million, or $0.77 per diluted share, for the first nine months of 2022. "Lake Shore delivered solid results for the third quarter despite significant expenses related to our efforts to rem
Taylor Gilden (left) and Rachel Foley (right) DUNKIRK, N.Y., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company"), its wholly-owned subsidiary, Lake Shore Savings Bank (the "Bank"), and Lake Shore, MHC (the "MHC"), appointed Taylor Gilden as Chief Financial Officer ("CFO") and Treasurer and Rachel Foley as Chief Operating Officer ("COO") of the Company, the Bank, and the MHC. In these roles, Mr. Gilden will be responsible for the organization's financial and risk management and reporting while Ms. Foley will be responsible for deposit and retail loan operations. Mr. Gilden and Ms. Foley will work closely together to strengthen and enhance the organization's finance
DUNKIRK, N.Y., July 27, 2023 (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 $0.8 million, or $0.14 per diluted share, for the 2023 second quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2022 second quarter. For the first six months of 2023, the Company reported unaudited net income of $2.5 million, or $0.43 per diluted share, as compared to $2.7 million, or $0.47 per diluted share, for the first six months of 2022. "Lake Shore's 2023 second quarter performance was solid despite significant expenses connected to our efforts
DUNKIRK, N.Y., Oct. 24, 2024 (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 October 23, 2024. The dividend is expected to be paid on November 8, 2024 to stockholders of record as of November 4, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on September 30, 2024 to pay a cash dividend of $0.18 per share to its stockholders. About Lake ShoreLake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier hol
DUNKIRK, N.Y., Oct. 23, 2024 (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 $1.3 million, or $0.24 per diluted share, for the third quarter of 2024 compared to net income of $1.1 million, or $0.19 per diluted share, for the second quarter of 2024, and $1.6 million, or $0.27 per diluted share, for the third quarter of 2023. The increase in net income during the third quarter of 2024 was primarily driven by an increase in net interest income and a reduction in non-interest expenses when compared to the previous quarter. For the first nine months of 2024, the Company rep
DUNKIRK, N.Y., July 31, 2024 (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. The dividend is expected to be paid on August 16, 2024 to stockholders of record as of August 12, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on July 8, 2024 to pay a cash dividend of $0.18 per share to its stockholders. About Lake Shore Lake Shore Bancorp, Inc. (NASDAQ Global Market: LSBK) is the mid-tier holding company of Lake Shore
DUNKIRK, N.Y., July 24, 2024 (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 $1.1 million, or $0.19 per diluted share, for the second quarter of 2024 compared to net income of $816,000, or $0.14 per diluted share, for the second quarter of 2023. For the first six months of 2024, the Company reported unaudited net income of $2.1 million, or $0.36 per diluted share, as compared to $2.5 million, or $0.43 per diluted share, for the first six months of 2023. The increase in net income during the second quarter of 2024 was primarily driven by a reduction in non-interest expe
DUNKIRK, N.Y., April 26, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ:LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced yesterday that it received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") to pay a cash dividend of $0.18 per share to its stockholders. Additionally, the Reserve Bank also issued a non-objection to Lake Shore, MHC (the "MHC"), the Company's mutual holding company parent, to waive the MHC's receipt of cash dividends on its common stock up to $0.72 per share during the twelve-month period ending April 2, 2025 (the "Dividend Waivers"). As the Company has previously disclosed,
DUNKIRK, N.Y., April 22, 2024 (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 $1.0 million, or $0.17 per diluted share, for the 2024 first quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2023 first quarter. Net income decreased $670,000, or 39.8%, when compared to the 2023 first quarter and was negatively impacted by a decrease in net interest income and the period-over-period change in the provision for credit losses. These changes were partially offset by a decrease in non-interest expense and an increase in non-interest income pri
DUNKIRK, N.Y., Jan. 31, 2024 (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 $749,000, or $0.13 per diluted share, for the fourth quarter of 2023 compared to net income of $1.2 million, or $0.20 per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, the Company reported unaudited net income of $4.8 million, or $0.82 per diluted share, as compared to $5.7 million, or $0.97 per diluted share, for the year ended December 31, 2022. The Company's 2023 financial performance was negatively impacted by the Office of the Comptroller of the Curr
DUNKIRK, N.Y., July 27, 2023 (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 $0.8 million, or $0.14 per diluted share, for the 2023 second quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2022 second quarter. For the first six months of 2023, the Company reported unaudited net income of $2.5 million, or $0.43 per diluted share, as compared to $2.7 million, or $0.47 per diluted share, for the first six months of 2022. "Lake Shore's 2023 second quarter performance was solid despite significant expenses connected to our efforts
DUNKIRK, N.Y., April 27, 2023 (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 $1.7 million, or $0.29 per diluted share, for the 2023 first quarter compared to net income of $1.1 million, or $0.18 per diluted share, for the 2022 first quarter. "We are pleased with Lake Shore's financial results during the first quarter of 2023," stated Kim Liddell, President and CEO. "We, like most Banks, were susceptible to the rapidly rising rate environment and increased interest expenses during the first quarter. Even with those headwinds Lake Shore performed well, a testament to
DUNKIRK, N.Y., Jan. 31, 2023 (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 $1.2 million, or $0.20 per diluted share, for the fourth quarter of 2022 compared to net income of $1.8 million, or $0.31 per diluted share, for the fourth quarter of 2021. For the year ended December 31, 2022, the Company reported unaudited net income of $5.7 million, or $0.97 per diluted share, as compared to $6.2 million, or $1.05 per diluted share, for the year ended December 31, 2021. "We experienced impressive growth in our net interest margin and loan balances durin
Lake Shore Bancorp (NASDAQ:LSBK) reported quarterly earnings of $0.19 per share. This is a 35.71 percent increase over earnings of $0.14 per share from the same period last year. The company reported $5.94 million in sales this quarter. This is a 12.16 percent decrease over sales of $6.77 million the same period last year.
Although U.S. stocks closed higher on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Lake Shore Bancorp The Trade: Lake Shore Bancorp, Inc. (NASDAQ:LSBK) Director Kevin M. Sanvidge acquired a total of 3,000 sh
Lake Shore Bancorp (NASDAQ:LSBK) reported quarterly earnings of $0.17 per share. This is a 41.38 percent decrease over earnings of $0.29 per share from the same period last year.
Lake Shore Bancorp (NASDAQ:LSBK) reported quarterly earnings of $0.27 per share. This is a 10 percent decrease over earnings of $0.30 per share from the same period last year. The company reported $6.90 million in sales this quarter. This is a 1.61 percent decrease over sales of $7.01 million the same period last year.
Lake Shore Bancorp (NASDAQ:LSBK) reported quarterly earnings of $0.14 per share. This is a 51.72 percent decrease over earnings of $0.29 per share from the same period last year. The company reported $6.77 million in sales this quarter. This is a 1.03 percent increase over sales of $6.70 million the same period last year.
Lake Shore Bancorp (NASDAQ:LSBK) reported quarterly earnings of $0.29 per share. This is a 61.11 percent increase over earnings of $0.18 per share from the same period last year.
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