Lake Shore Bancorp, Inc. Announces First Quarter 2025 Financial Results

Core Viewpoint - Lake Shore Bancorp, Inc. reported a net income of $1.1 million for Q1 2025, reflecting a 4.2$5.5 million, up by $124,000 or 2.3$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$4.9 million in Q1 2025, a decrease of $397,000 or 7.5$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$689.0 million as of March 31, 2025, a rise of $3.5 million or 0.5$582.7 million, an increase of $9.8 million or 1.7$90.7 million, a rise of $794,000 or 0.9$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$206,000, a decrease of $72,000 or 25.9$23,000 or 12.6% from Q1 2024 [13][14].