Core Viewpoint - Lake Shore Bancorp, Inc. reported a net income of $1.1 million for Q1 2025, reflecting a 4.2% increase from the same period in 2024, driven by higher net interest income and reduced non-interest expenses [1][7]. Financial Performance - The net interest income for Q1 2025 was $5.5 million, up by $124,000 or 2.3% from Q4 2024, and increased by $332,000 or 6.5% compared to Q1 2024 [3][7]. - The net interest margin improved to 3.49% in Q1 2025, an increase of 18 basis points from Q4 2024 and 39 basis points from Q1 2024 [7]. - Interest income decreased to $8.4 million in Q1 2025, down by $223,000 or 2.6% from Q4 2024, and down by $242,000 or 2.8% from Q1 2024 [4][6]. Expense Management - Non-interest expenses were $4.9 million in Q1 2025, a decrease of $397,000 or 7.5% from Q4 2024, and down by $117,000 or 2.3% from Q1 2024 [12]. - Interest expense for Q1 2025 was $2.9 million, a decrease of $347,000 or 10.7% from Q4 2024, and down by $574,000 or 16.5% from Q1 2024 [8][10]. Balance Sheet Highlights - Total assets increased to $689.0 million as of March 31, 2025, a rise of $3.5 million or 0.5% from December 31, 2024 [18]. - Total deposits rose to $582.7 million, an increase of $9.8 million or 1.7% compared to December 31, 2024 [18]. - Stockholders' equity increased to $90.7 million, a rise of $794,000 or 0.9% from December 31, 2024 [19]. Credit Quality - The allowance for credit losses on loans was $5.2 million as of March 31, 2025, compared to $5.1 million at December 31, 2024 [15]. - Non-performing assets as a percentage of total assets decreased to 0.50% at March 31, 2025, down from 0.55% at December 31, 2024 [15]. Income Tax Expense - Income tax expense for Q1 2025 was $206,000, a decrease of $72,000 or 25.9% from Q4 2024, and an increase of $23,000 or 12.6% from Q1 2024 [13][14].

Lake Shore Bancorp, Inc. Announces First Quarter 2025 Financial Results DUNKIRK, N.Y. — April 29, 2025 — 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 first quarter of 2025 compared to net income of $1.0 million, or $0.17 per diluted share, for the first quarter of 2024. The Company's financial performance for the first quarter of 2025 was positively imp ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 000-51821 Lake Shore Bancorp, Inc. (Exact Name of Registrant as Specified in Its Charter) United States (State or Other Jurisdiction 20-4729288 of Incorporation or Organizati ...

DUNKIRK, N.Y., Jan. 30, 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 of its parent mutual holding company, Lake Shore, MHC, has adopted a Plan of Conversion and Reorganization pursuant to which Lake Shore, MHC will undertake a “second step” conversion from the mutual holding company structure to the stock holding company structure. In connection with the second step ...

Lake Shore Bancorp, Inc. Announces Fourth Quarter 2024 and Year End Financial Results DUNKIRK, N.Y. — January 24, 2025 — 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 n ...

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. ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 000-51821 LAKE SHORE BANCORP, INC. (Exact name of registrant as specified in its charter) United States 20-4729288 (State or other jurisdiction of incorporation or organ ...

Lake Shore Bancorp, Inc. Announces Third Quarter 2024 Financial Results DUNKIRK, N.Y. — October 23, 2024 — 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 ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 000-51821 LAKE SHORE BANCORP, INC. (Exact name of registrant as specified in its charter) United States 20-4729288 (State or other jurisdiction of incorporation or organizati ...

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, ...