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Complete financial analysis of Lake Shore Bancorp, Inc. (LSBK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lake Shore Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Lake Shore Bancorp, Inc. (LSBK)
About Lake Shore Bancorp, Inc.
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 and statement savings 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. The company's 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. As of February 11, 2022, 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. is a subsidiary of Lake Shore, MHC.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 28.04M | 27.04M | 25.18M | 22.92M | 21.56M | 20.41M | 19.43M | 19.29M | 17.54M | 16.77M | 17.15M | 17.08M | 17.24M | 17.06M | 14.18M | 13.74M | 11.49M | 11.53M | 11.38M | 2.14M | 2.07M | 2.01M | 2.15M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 28.04M | 27.04M | 25.18M | 22.92M | 21.56M | 20.41M | 19.43M | 19.29M | 17.54M | 16.77M | 17.15M | 17.08M | 17.24M | 17.06M | 14.18M | 13.74M | 11.49M | 11.53M | 11.38M | 2.14M | 2.07M | 2.01M | 2.15M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 12.37M | 10.13M | 10.84M | 10.51M | 10.45M | 10.10M | 9.29M | 8.82M | 8.48M | 7.94M | 7.36M | 7.19M | 7.05M | 7.44M | 6.95M | 4.93M | 4.88M | 4.58M | 4.37M | 4.47M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 578.00K | 714.00K | 602.00K | 671.00K | 708.00K | 606.00K | 596.00K | 536.00K | 362.00K | 429.00K | 440.00K | 436.00K | 353.00K | 419.00K | 360.00K | 402.00K | 228.00K | 276.00K | 300.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 12.95M | 10.84M | 11.44M | 11.19M | 11.15M | 10.71M | 9.89M | 9.36M | 8.84M | 8.37M | 7.80M | 7.62M | 7.40M | 7.86M | 7.31M | 5.33M | 5.11M | 4.86M | 4.67M | 4.47M | 0.00 | 0.00 | 0.00 |
| Other Expenses | 14.05M | -29.45M | -29.15M | -28.73M | -27.97M | -22.93M | -4.46M | -4.34M | 0.00 | 0.00 | 0.00 | 0.00 | 443.00K | 0.00 | -18.61M | 1.93M | 0.00 | 0.00 | 0.00 | -3.53M | 178.00K | 1.32M | 936.00K |
| Operating Expenses | 26.99M | -18.61M | -17.71M | -17.54M | -16.82M | -12.22M | 4.46M | 4.34M | 13.08M | 12.82M | 12.33M | 11.81M | 7.85M | 419.00K | -11.30M | 7.27M | 228.00K | 276.00K | 300.00K | 939.00K | 178.00K | 1.32M | 936.00K |
| Cost & Expenses | 26.99M | -18.61M | -17.71M | -17.54M | -16.82M | -12.22M | 17.51M | 17.31M | 13.08M | 12.82M | 12.33M | 11.81M | 7.85M | 419.00K | -11.30M | 7.27M | 228.00K | 276.00K | 300.00K | 939.00K | 178.00K | 1.32M | 936.00K |
| Interest Income | 33.76M | 26.75M | 24.66M | 24.34M | 24.27M | 21.54M | 19.41M | 17.52M | 17.59M | 17.88M | 18.61M | 19.65M | 20.77M | 19.93M | 19.69M | 19.98M | 18.62M | 17.77M | 15.96M | 14.74M | 12.78M | 13.18M | 14.22M |
| Interest Expense | 9.40M | 2.42M | 2.67M | 4.40M | 5.20M | 3.60M | 2.63M | 2.29M | 2.76M | 3.35M | 3.56M | 4.60M | 5.64M | 6.32M | 7.93M | 8.78M | 9.13M | 8.05M | 6.43M | 5.33M | 4.69M | 4.95M | 7.05M |
| Depreciation & Amortization | 807.00K | 856.00K | 865.00K | 840.00K | 809.00K | 774.00K | 852.00K | 865.00K | 834.00K | 750.00K | 699.00K | 663.00K | 655.00K | 602.00K | 545.00K | 526.00K | 527.00K | 652.00K | 618.00K | 607.00K | 0.00 | 0.00 | 0.00 |
| EBITDA | 7.03M | 7.73M | 8.34M | 6.22M | 5.55M | 5.36M | 5.42M | 5.16M | 4.89M | 4.48M | 5.41M | 5.27M | 6.76M | 0.00 | 3.42M | 0.00 | 0.00 | 4.94M | 4.59M | 5.15M | 2.25M | 3.32M | 3.08M |
| EBITDA Ratio | 25.06% | 34.33% | 33.12% | 27.14% | 25.74% | 43.91% | 27.86% | 26.72% | 27.87% | 26.69% | 31.55% | 30.88% | 33.23% | 23.55% | 24.15% | 17.02% | 24.32% | 29.32% | 31.86% | 172.18% | 108.59% | 165.55% | 143.64% |
| Operating Income | 6.21M | 8.43M | 7.48M | 5.38M | 4.74M | 8.19M | 4.56M | 4.29M | 4.05M | 3.73M | 4.71M | 4.61M | 5.07M | 3.42M | 2.88M | 1.81M | 2.27M | 2.73M | 3.01M | 3.08M | 2.25M | 3.32M | 3.08M |
| Operating Income Ratio | 22.16% | 31.17% | 29.68% | 23.48% | 21.99% | 40.12% | 23.48% | 22.23% | 23.12% | 22.22% | 27.47% | 27.00% | 29.43% | 20.02% | 20.30% | 13.19% | 19.74% | 23.67% | 26.43% | 143.84% | 108.59% | 165.55% | 143.64% |
| Total Other Income/Expenses | 7.00K | -2.03M | 59.00K | 73.00K | 54.00K | 145.00K | 135.00K | -1.42M | 160.00K | 132.00K | -335.00K | -249.00K | -443.00K | 0.00 | -8.47M | -1.93M | 0.00 | 0.00 | 0.00 | 0.00 | 356.00K | 2.63M | 1.87M |
| Income Before Tax | 6.22M | 6.87M | 7.48M | 5.38M | 4.74M | 4.59M | 4.56M | 4.29M | 4.05M | 3.73M | 4.71M | 4.61M | 5.07M | 3.42M | 2.88M | 1.81M | 2.27M | 2.73M | 3.01M | 3.08M | 2.25M | 3.32M | 3.08M |
| Income Before Tax Ratio | 22.18% | 25.40% | 29.68% | 23.48% | 21.99% | 22.47% | 23.48% | 22.23% | 23.12% | 22.22% | 27.47% | 27.00% | 29.43% | 20.02% | 20.30% | 13.19% | 19.74% | 23.67% | 26.43% | 143.84% | 108.59% | 165.55% | 143.64% |
| Income Tax Expense | 1.40M | 1.16M | 1.29M | 824.00K | 655.00K | 585.00K | 1.19M | 775.00K | 716.00K | 567.00K | 968.00K | 984.00K | 1.39M | 373.00K | 718.00K | 342.00K | 451.00K | 911.00K | 953.00K | 902.00K | 744.00K | 1.09M | 1.02M |
| 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 | 1.51M | 2.24M | 2.06M |
| Net Income Ratio | 17.19% | 21.11% | 24.57% | 19.88% | 18.95% | 19.60% | 17.38% | 18.22% | 19.03% | 18.84% | 21.83% | 21.23% | 21.35% | 17.83% | 15.24% | 10.70% | 15.81% | 15.77% | 18.05% | 101.73% | 72.70% | 111.47% | 96.18% |
| EPS | 0.82 | 0.97 | 1.05 | 0.77 | 0.68 | 0.66 | 0.55 | 0.58 | 0.57 | 0.55 | 0.66 | 0.64 | 0.65 | 0.53 | 0.37 | 0.24 | 0.29 | 0.24 | 0.31 | 0.34 | 0.24 | 0.35 | 0.33 |
| EPS Diluted | 0.82 | 0.97 | 1.05 | 0.77 | 0.68 | 0.66 | 0.55 | 0.58 | 0.56 | 0.55 | 0.65 | 0.64 | 0.65 | 0.53 | 0.37 | 0.24 | 0.29 | 0.24 | 0.31 | 0.34 | 0.24 | 0.35 | 0.33 |
| Weighted Avg Shares Out | 5.88M | 5.88M | 5.89M | 5.96M | 6.00M | 6.06M | 6.11M | 6.01M | 5.86M | 5.74M | 5.67M | 5.67M | 5.69M | 5.78M | 5.90M | 6.04M | 6.18M | 7.58M | 6.61M | 6.32M | 6.32M | 6.32M | 6.32M |
| Weighted Avg Shares Out (Dil) | 5.86M | 5.88M | 5.89M | 5.96M | 6.00M | 6.06M | 6.14M | 6.06M | 5.96M | 5.74M | 5.76M | 5.67M | 5.70M | 5.78M | 5.90M | 6.04M | 6.18M | 7.58M | 6.61M | 6.32M | 6.32M | 6.32M | 6.32M |
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...
Lake Shore Bancorp, Inc. Declares Third Quarter 2024 Dividend
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...
Lake Shore Bancorp, Inc. Announces Third Quarter 2024 Financial Results
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...
Lake Shore Bancorp, Inc. Declares Second Quarter 2024 Dividend
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...
Lake Shore Bancorp, Inc. Announces Second Quarter 2024 Financial Results
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...
Lake Shore Bancorp, Inc. Declares First Quarter 2024 Dividend
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...
Lake Shore Bancorp, Inc. Announces 2024 First Quarter Financial Results
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...
Lake Shore Bancorp, Inc. Announces 2023 Fourth Quarter and Year End Financial Results
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...
Lake Shore Bancorp, Inc. Announces 2023 Third Quarter Financial Results
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...
Lake Shore Bancorp Appoints Taylor Gilden as Chief Financial Officer; Names Rachel Foley Chief Operating Officer
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...
Source: https://incomestatements.info
Category: Stock Reports