NASDAQ : LSBK
Lake Shore Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 18.69 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 137.56M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 34.01M | 32.76M | 30.71M | 30.01M | 24.51M | 22.75M |
| Interest Income on Investments | 3.52M | 3.52M | 4.09M | 3.75M | 2.25M | 1.91M |
| Total Interest Income | 37.53M | 36.28M | 34.80M | 33.76M | 26.75M | 24.66M |
| Interest Paid on Deposits | 10.05M | 11.55M | 13.08M | 8.07M | 1.81M | 2.09M |
| Interest Paid on Borrowings | 168.00K | 168.00K | 664.00K | 1.33M | 600.00K | 571.00K |
| Total Interest Expense | 10.22M | 11.72M | 13.74M | 9.40M | 2.42M | 2.67M |
| Net Interest Income | 27.32M | 24.57M | 21.06M | 24.36M | 24.34M | 21.99M |
| Gain (Loss) on Sale of Investments | 164.00K | 164.00K | 60.00K | -41.00K | 15.00K | 26.00K |
| Other Non-Interest Income | 2.76M | 3.11M | 3.24M | 2.68M | 2.71M | 2.62M |
| Total Non-Interest Income | 2.93M | 3.27M | 3.30M | 2.63M | 2.70M | 3.19M |
| Revenues Before Loan Losses | 30.24M | 27.84M | 24.37M | 26.99M | 27.04M | 25.18M |
| Provision for Loan Losses | 337.00K | -180.00K | -1.48M | -1.04M | 725.00K | 650.00K |
| Revenue | 29.91M | 28.02M | 25.85M | 28.04M | 26.32M | 24.53M |
| Salaries and Employee Benefits | 11.05M | 11.05M | 11.11M | 11.15M | 9.52M | 8.62M |
| Occupancy Expenses | 2.41M | 2.41M | 2.56M | 2.76M | 2.90M | 2.69M |
| Federal Deposit Insurance | 303.00K | 303.00K | 796.00K | 1.11M | 272.00K | 183.00K |
| Selling, General & Administrative | 4.50M | 4.50M | 4.54M | 5.73M | 5.00M | 4.34M |
| Other Non-Interest Expense | 1.49M | 1.00M | 976.00K | 1.06M | 1.76M | 1.22M |
| Total Non-Interest Expense | 19.75M | 19.27M | 19.98M | 21.82M | 19.45M | 17.06M |
| EBT Excluding Unusual Items | 10.15M | 8.75M | 5.87M | 6.22M | 6.87M | 7.47M |
| Pretax Income | 10.15M | 8.75M | 5.87M | 6.22M | 6.87M | 7.47M |
| Income Tax Expense | 1.81M | 1.48M | 935.00K | 1.40M | 1.16M | 1.29M |
| Net Income | 8.34M | 7.27M | 4.93M | 4.82M | 5.71M | 6.19M |
| Net Income to Common | 8.34M | 7.27M | 4.93M | 4.82M | 5.71M | 6.19M |
| Basic Shares Outstanding | 7.32M | 7.51M | 7.62M | 7.93M | 7.97M | 7.97M |
| Diluted Shares Outstanding | 7.33M | 7.52M | 7.62M | 7.93M | 7.97M | 7.98M |
| EPS (Basic) | 1.14 | 0.97 | 0.65 | 0.61 | 0.72 | 0.78 |
| EPS (Diluted) | 1.14 | 0.97 | 0.65 | 0.61 | 0.72 | 0.78 |
| Dividend Per Share | 0.36 | 0.27 | 0.53 | 0.38 | 0.42 | |
| Effective Tax Rate | 17.84% | 16.95% | 15.94% | 22.50% | 16.91% | 17.23% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 57.69M | 64.28M | 33.13M | 53.73M | 9.63M | 67.58M |
| Investment Securities | 48.22M | 32.18M | 29.64M | 31.27M | 26.55M | 35.91M |
| Mortgage-Backed Securities | 20.36M | 22.25M | 25.47M | 28.69M | 35.71M | |
| Total Investments | 48.22M | 52.54M | 51.90M | 56.74M | 55.25M | 71.62M |
| Gross Loans | 574.09M | 560.33M | 549.75M | 562.29M | 580.60M | 523.32M |
| Allowance for Loan Losses | -4.88M | -5.13M | -6.46M | -7.07M | -6.12M | |
| Net Loans | 574.09M | 555.44M | 544.62M | 555.83M | 573.54M | 517.21M |
| Property, Plant & Equipment | 7.81M | 8.16M | 8.10M | 8.66M | 9.25M | |
| Accrued Interest Receivable | 3.01M | 2.82M | 2.83M | 2.80M | 2.48M | |
| Long-Term Deferred Tax Assets | 3.59M | 3.92M | 3.89M | 3.97M | 775.00K | |
| Other Real Estate Owned & Foreclosed | 34.00K | 95.00K | 123.00K | |||
| Other Long-Term Assets | 54.24M | 39.99M | 39.81M | 41.66M | 43.65M | 43.10M |
| Total Assets | 734.24M | 727.32M | 685.50M | 725.12M | 699.91M | 713.74M |
| Interest Bearing Deposits | 580.35M | 447.56M | 442.64M | 495.74M | 464.44M | 455.21M |
| Institutional Deposits | 29.62M | 33.93M | 38.40M | 28.30M | 27.30M | |
| Non-Interest Bearing Deposits | 96.10M | 96.41M | 56.79M | 77.38M | 110.68M | |
| Total Deposits | 580.35M | 573.28M | 572.98M | 590.92M | 570.12M | 593.18M |
| Short-Term Borrowings | 12.60M | 60.00K | ||||
| Current Portion of Long-Term Debt | 8.25M | 25.00M | 4.95M | 2.00M | ||
| Current Portion of Leases | 320.00K | |||||
| Accrued Interest Payable | 58.00K | 99.00K | ||||
| Federal Home Loan Bank Debt, Long-Term | 2.00M | 10.25M | 20.00M | 19.95M | ||
| Long-Term Leases | 735.00K | 1.32M | 717.00K | 944.00K | 1.16M | |
| Pension & Post-Retirement Benefits | 3.49M | 2.73M | 951.00K | 2.25M | 4.18M | |
| Other Long-Term Liabilities | 12.30M | 7.80M | 8.26M | 11.00M | 7.88M | 5.23M |
| Total Liabilities | 592.65M | 585.68M | 595.64M | 638.85M | 618.73M | 625.76M |
| Common Stock | 141.59M | 78.00K | 68.00K | 68.00K | 68.00K | 68.00K |
| Additional Paid-In Capital | 65.58M | 31.20M | 31.46M | 31.46M | 31.35M | |
| Retained Earnings | 88.40M | 82.81M | 78.96M | 74.86M | 70.59M | |
| Treasury Stock | -13.30M | -13.76M | -13.57M | -13.66M | ||
| Comprehensive Income & Other | -12.41M | -10.90M | -10.45M | -11.63M | -373.00K | |
| Shareholders' Equity | 141.59M | 141.64M | 89.87M | 86.27M | 81.18M | 87.98M |
| Total Liabilities & Equity | 734.24M | 727.32M | 685.50M | 725.12M | 699.91M | 713.74M |
| Total Debt | 1.05M | 11.57M | 35.97M | 38.49M | 23.17M | |
| Net Cash (Debt) | 57.69M | 63.23M | 21.56M | 17.76M | -28.86M | 44.42M |
| Net Cash Per Share | 7.87 | 8.41 | 2.83 | 2.24 | -3.62 | 5.57 |
| Filing Date Shares Outstanding | 7.46M | 7.34M | 7.64M | 7.56M | 7.58M | 7.57M |
| Total Common Shares Outstanding | 7.46M | 7.34M | 7.64M | 7.56M | 7.59M | 7.56M |
| Book Value Per Share | 18.97 | 19.29 | 11.76 | 11.40 | 10.70 | 11.63 |
| Tangible Book Value | 141.59M | 141.64M | 89.87M | 86.27M | 81.18M | 87.98M |
| Tangible Book Value Per Share | 18.97 | 19.29 | 11.76 | 11.40 | 10.70 | 11.63 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.27M | 4.93M | 4.82M | 5.71M | 6.19M | |
| Depreciation & Amortization | 612.00K | 739.00K | 807.00K | 856.00K | 865.00K | |
| Other Amortization | 385.00K | 496.00K | 552.00K | 490.00K | 509.00K | |
| Gain (Loss) on Sale of Assets | 2.00K | 5.00K | 1.00K | -78.00K | -16.00K | |
| Gain (Loss) on Sale of Investments | -94.00K | 12.00K | 159.00K | -247.00K | -68.00K | |
| Provision for Credit Losses | -180.00K | -1.48M | -1.04M | 725.00K | 650.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -18.00K | 326.00K | ||||
| Accrued Interest Receivable | -188.00K | 16.00K | -39.00K | -313.00K | 504.00K | |
| Change in Other Net Operating Assets | 883.00K | -1.61M | 828.00K | 916.00K | -671.00K | |
| Other Operating Activities | -1.25M | -946.00K | 17.00K | -187.00K | 217.00K | |
| Operating Cash Flow | 8.00M | 2.51M | 6.21M | 8.21M | 8.55M | |
| Capital Expenditures | -560.00K | -391.00K | -406.00K | -627.00K | ||
| Sale of Property, Plant and Equipment | 41.00K | |||||
| Investment in Securities | 3.31M | 3.20M | 13.70M | 1.37M | -11.14M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -10.98M | 12.02M | 17.86M | -57.76M | 5.56M | |
| Other Investing Activities | 98.00K | 5.85M | -11.65M | -403.00K | 470.00K | |
| Investing Cash Flow | -8.13M | 21.12M | 19.52M | -57.20M | -5.74M | |
| Short-Term Debt Issued | 12.60M | |||||
| Long-Term Debt Issued | 15.25M | 5.00M | ||||
| Total Debt Issued | 15.25M | 17.60M | ||||
| Short-Term Debt Repaid | -12.60M | |||||
| Long-Term Debt Repaid | -10.35M | -25.09M | -5.03M | -2.07M | -7.80M | |
| Total Debt Repaid | -10.35M | -25.09M | -17.63M | -2.07M | -7.80M | |
| Net Debt Issued (Repaid) | -10.35M | -25.09M | -2.38M | 15.53M | -7.80M | |
| Issuance of Common Stock | 43.24M | |||||
| Repurchase of Common Stock | -53.00K | -20.00K | -58.00K | -85.00K | -2.25M | |
| Common Dividends Paid | -1.68M | -1.08M | -1.44M | -1.08M | ||
| Net Increase (Decrease) in Deposit Accounts | 299.00K | -17.95M | 20.80M | -23.07M | 32.92M | |
| Other Financing Activities | -179.00K | -82.00K | -1.00K | 110.00K | 15.00K | |
| Financing Cash Flow | 31.28M | -44.22M | 18.37M | -8.95M | 21.80M | |
| Net Cash Flow | 31.15M | -20.60M | 44.10M | -57.95M | 24.61M | |
| Free Cash Flow | 7.44M | 2.51M | 5.81M | 7.80M | 7.92M | |
| Free Cash Flow Margin | 26.55% | 9.70% | 20.74% | 29.63% | 32.30% | |
| Free Cash Flow Per Share | 0.99 | 0.33 | 0.73 | 0.98 | 0.99 | |
| Cash Interest Paid | 11.76M | 14.47M | 8.63M | 2.40M | 2.68M | |
| Cash Income Tax Paid | 1.58M | 995.00K | 1.32M | 975.00K | 1.35M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 138.00M | 107.18M | 77.51M | 65.43M | 67.55M | 83.05M |
| Last Close Price | 18.75 | 14.42 | 9.72 | 7.94 | 8.18 | 9.63 |
| PE Ratio | 16.45 | 14.74 | 15.72 | 13.57 | 11.83 | 13.42 |
| PS Ratio | 4.61 | 3.83 | 3.00 | 2.33 | 2.57 | 3.38 |
| PB Ratio | 0.99 | 0.76 | 0.86 | 0.76 | 0.83 | 0.94 |
| P/FCF Ratio | 13.14 | 14.41 | 30.91 | 11.25 | 8.66 | 10.48 |
| P/OCF Ratio | 13.00 | 13.40 | 30.91 | 10.54 | 8.23 | 9.71 |
| Debt / Equity Ratio | 0.01 | 0.13 | 0.42 | 0.47 | 0.26 | |
| Debt / FCF Ratio | 0.14 | 4.61 | 6.19 | 4.93 | 2.92 | |
| Net Debt / Equity Ratio | -0.41 | -0.45 | -0.24 | -0.21 | 0.35 | -0.51 |
| Net Debt / FCF Ratio | -8.50 | -8.60 | -3.06 | 3.70 | -5.61 | |
| Return on Equity (ROE) | 5.94% | 6.28% | 5.60% | 5.76% | 6.75% | 7.12% |
| Return on Assets (ROA) | 1.13% | 1.03% | 0.70% | 0.68% | 0.81% | 0.88% |
| Earnings Yield | 6.08% | 6.78% | 6.36% | 7.37% | 8.45% | 7.45% |
| FCF Yield | 7.61% | 6.94% | 3.24% | 8.89% | 11.55% | 9.54% |
| Dividend Yield | 1.92% | 1.85% | 5.24% | 4.31% | 3.83% | |
| Payout Ratio | 31.58% | 23.06% | 21.94% | 25.23% | 17.52% | |
| Buyback Yield / Dilution | 3.51% | 1.28% | 3.99% | 0.41% | 0.14% | 1.13% |
| Total Shareholder Return | 5.43% | 3.13% | 9.23% | 0.41% | 4.46% | 4.96% |