Lake Shore Announces Record Earnings for 2025
Rhea-AI Summary
Lake Shore Bancorp (NASDAQ: LSBK) reported record 2025 results with net income $7.3M ($0.97 diluted) versus $4.9M ($0.65) in 2024 and Q4 2025 net income of $1.9M ($0.26) versus $1.5M ($0.19) a year earlier. Net interest margin rose to 3.73% for 2025 (3.85% in Q4). Efficiency improved to 69.21%. The company repaid $10.3M of borrowings, reduced non-performing assets to 0.23% of assets, and grew book value per share 56.4% to $18.10 at Dec 31, 2025.
Positive
- Net income +47.4% to $7.3M in 2025
- Net interest margin +52 bps to 3.73% for 2025
- Book value per share +56.4% to $18.10
- Repaid $10.3M of wholesale borrowings during 2025
- Non-performing assets down to 0.23% of assets
Negative
- Non-interest income Q4 decreased 36.0% year-over-year
- Annual non-interest expense still high at $19.3M in 2025
News Market Reaction
On the day this news was published, LSBK gained 1.37%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DUNKIRK, N.Y., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Bank (the “Bank”), reported unaudited net income of
"Our fourth quarter and 2025 year-end results reflect the effectiveness of our strategies," stated Kim C. Liddell, President, CEO, and Director. "We increased core earnings, improved margins, strengthened the balance sheet, reduced borrowings and non-performing assets, and grew tangible book value. Our disciplined focus on prudent loan growth and core deposits positions us well for 2026 and delivering shareholder value."
Fourth Quarter 2025 and Full Year Financial Highlights:
- Net income increased to
$1.9 million during the fourth quarter of 2025, an increase of$465,000 , or31.7% , when compared to the fourth quarter of 2024 and increased to$7.3 million during the year ended December 31, 2025, an increase of$2.3 million , or47.4% , when compared to the year ended December 31, 2024; - Net interest margin increased to
3.85% during the fourth quarter of 2025, an increase of 13 basis points when compared to net interest margin of3.72% during the third quarter of 2025. Net interest margin increased to3.73% for the year ended December 31, 2025, an increase of 52 basis points when compared to net interest margin of3.21% for the year ended December 31, 2024; - Efficiency ratio improved to
69.21% for the year ended December 31, 2025, a decrease of12.79% as compared to82.00% for the year ended December 31, 2024; - Reduced reliance on wholesale funding by repaying all outstanding borrowings at December 31, 2024 of
$10.3 million during the year ended December 31, 2025; - Book value per share increased
56.4% to$18.10 per share at December 31, 2025, as compared to$11.57 per share at December 31, 2024; - Non-performing assets as a percentage of total assets decreased to
0.23% at December 31, 2025, as compared to0.55% at December 31, 2024, primarily due to a decrease in non-performing assets of$2.1 million , or55.8% during 2025; and - The Bank's capital position remains "well capitalized" with a Tier 1 Leverage ratio of
16.65% and a Total Risk-Based Capital ratio of23.51% at December 31, 2025.
Net Interest Income
Net interest income for the fourth quarter of 2025 increased by
Net interest income for the year ended December 31, 2025 increased
Interest income for the fourth quarter of 2025 was
The increase in interest income from the prior quarter was primarily due to a three basis points increase in the average yield on interest-earning assets. Interest income on loans increased by
The increase in interest income from the prior year quarter was primarily due to a
Interest income for the year ended December 31, 2025 was
Interest expense for the fourth quarter of 2025 was
The decrease in interest expense when compared to the previous quarter was primarily due to a 17 basis points decrease in the average interest rate paid on interest-bearing liabilities. During the fourth quarter of 2025 as compared to the previous quarter, interest expense on deposits decreased by
The decrease in interest expense when compared to the prior year quarter was primarily due to a 33 basis points decrease in average interest rate paid on interest-bearing liabilities. During the fourth quarter of 2025 as compared to the same period in 2024, there was a
Interest expense for the year ended December 31, 2025 was
Non-Interest Income
Non-interest income was
Non-interest income was
Non-Interest Expense
Non-interest expense was
Non-interest expense was
Income Tax Expense
Income tax expense was
Income tax expense was
Credit Quality
The Company’s allowance for credit losses on loans was
The Company recorded a provision for credit losses of
The decrease in the allowance for credit losses on loans and the corresponding credit to the provision for credit losses recognized during the year ended December 31, 2025 was the result of a decrease in the qualitative loss rates, partially offset by an increase in the expected loss rates derived from quantitative losses, which are inclusive of forecasted economic trends.
Balance Sheet Summary
Total assets at December 31, 2025 were
Stockholders’ equity at December 31, 2025 was
About Lake Shore
Lake Shore Bancorp is the holding company of Lake Shore Bank, a New York chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. Lake Shore Bancorp’s common stock is traded on the NASDAQ Global Market as “LSBK”. Additional information about Lake Shore Bancorp is available at www.mylsbank.com.
Safe-Harbor
This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about the Company’s and the Bank’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management’s current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, tariffs, unanticipated changes in our liquidity position, climate change, public health issues, geopolitical conflict, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, dividend policy changes, and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized.
Source: Lake Shore Bancorp, Inc.
Category: Financial
Investor Relations/Media Contact
Kim C. Liddell
President, CEO, and Director
Lake Shore Bancorp, Inc.
31 East Fourth Street
Dunkirk, New York 14048
(716) 366-4070 ext. 1012
Selected Financial Condition Data
| December 31, | December 31, | ||||||||
| 2025 | 2024 | ||||||||
| (Unaudited) | |||||||||
| (Dollars in thousands) | |||||||||
| Total assets | $ | 727,323 | $ | 685,504 | |||||
| Cash and cash equivalents | 64,280 | 33,131 | |||||||
| Securities, at fair value | 56,138 | 56,495 | |||||||
| Loans receivable, net | 555,441 | 544,620 | |||||||
| Deposits | 573,277 | 572,978 | |||||||
| Long-term debt | — | 10,250 | |||||||
| Stockholders’ equity | 141,639 | 89,868 | |||||||
Statements of Income
| Three Months Ended | Years Ended | ||||||||||||||||||
| December 31, | December 31, | ||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||
| (Unaudited) | |||||||||||||||||||
| (Dollars in thousands, except per share amounts) | |||||||||||||||||||
| Interest income | $ | 9,457 | $ | 8,590 | $ | 36,283 | $ | 34,804 | |||||||||||
| Interest expense | 2,835 | 3,249 | 11,718 | 13,741 | |||||||||||||||
| Net interest income | 6,622 | 5,341 | 24,565 | 21,063 | |||||||||||||||
| Provision (credit) for credit losses | 40 | (613 | ) | (180 | ) | (1,479 | ) | ||||||||||||
| Net interest income after provision (credit) for credit losses | 6,582 | 5,954 | 24,745 | 22,542 | |||||||||||||||
| Total non-interest income | 683 | 1,068 | 3,273 | 3,304 | |||||||||||||||
| Total non-interest expense | 4,920 | 5,275 | 19,266 | 19,980 | |||||||||||||||
| Income before income taxes | 2,345 | 1,747 | 8,752 | 5,866 | |||||||||||||||
| Income tax expense | 411 | 278 | 1,483 | 935 | |||||||||||||||
| Net income | $ | 1,934 | $ | 1,469 | $ | 7,269 | $ | 4,931 | |||||||||||
| Basic and diluted earnings per share(1) | $ | 0.26 | $ | 0.19 | $ | 0.97 | $ | 0.65 | |||||||||||
| Dividends declared and paid per share(1) | $ | 0.09 | $ | 0.13 | $ | 0.31 | $ | 0.40 | |||||||||||
| Selected Financial Ratios | |||||||||||||||||||
| Return on average assets(2) | 1.04 | % | 0.85 | % | 1.02 | % | 0.70 | % | |||||||||||
| Return on average equity(2) | 5.49 | % | 6.52 | % | 6.41 | % | 5.62 | % | |||||||||||
| Average interest-earning assets to average interest-bearing liabilities | 138.60 | % | 129.46 | % | 133.49 | % | 127.88 | % | |||||||||||
| Interest rate spread(2) | 3.22 | % | 2.72 | % | 3.13 | % | 2.62 | % | |||||||||||
| Net interest margin(2) | 3.85 | % | 3.31 | % | 3.73 | % | 3.21 | % | |||||||||||
| Efficiency ratio | 67.35 | % | 82.30 | % | 69.21 | % | 82.00 | % | |||||||||||
(1) Per share information reflects the effects of the Company's conversion and related stock offering for all periods presented, as applicable.
(2) Annualized.
Average Balance Sheets, Interest, and Rates (Quarterly Comparison)
| For the Three Months Ended | For the Three Months Ended | |||||||||||||||||||||||||||
| December 31, 2025 | December 31, 2024 | |||||||||||||||||||||||||||
| Average | Interest Income/ | Yield/ | Average | Interest Income/ | Yield/ | |||||||||||||||||||||||
| Balance | Expense | Rate(2) | Balance | Expense | Rate(2) | |||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||||||
| Interest-earning assets: | ||||||||||||||||||||||||||||
| Interest-earning deposits | $ | 77,155 | $ | 752 | 3.90 | % | $ | 43,366 | $ | 499 | 4.60 | % | ||||||||||||||||
| Securities(1) | 56,992 | 360 | 2.53 | % | 61,137 | 388 | 2.54 | % | ||||||||||||||||||||
| Loans, including fees | 554,172 | 8,345 | 6.02 | % | 540,376 | 7,703 | 5.70 | % | ||||||||||||||||||||
| Total interest-earning assets | 688,319 | $ | 9,457 | 5.50 | % | 644,879 | $ | 8,590 | 5.33 | % | ||||||||||||||||||
| Other assets | 52,773 | 49,207 | ||||||||||||||||||||||||||
| Total assets | $ | 741,092 | $ | 694,086 | ||||||||||||||||||||||||
| Interest-bearing liabilities | ||||||||||||||||||||||||||||
| Demand & NOW accounts | $ | 64,047 | $ | 15 | 0.09 | % | $ | 64,465 | $ | 15 | 0.09 | % | ||||||||||||||||
| Money market accounts | 167,908 | 917 | 2.18 | % | 153,407 | 912 | 2.38 | % | ||||||||||||||||||||
| Savings accounts | 51,658 | 9 | 0.07 | % | 55,451 | 9 | 0.06 | % | ||||||||||||||||||||
| Time deposits | 208,982 | 1,853 | 3.55 | % | 214,150 | 2,207 | 4.12 | % | ||||||||||||||||||||
| Total interest-bearing deposits | 492,595 | 2,794 | 2.27 | % | 487,473 | 3,143 | 2.58 | % | ||||||||||||||||||||
| Borrowed funds & other interest-bearing liabilities | 4,014 | 41 | 4.09 | % | 10,641 | 106 | 3.98 | % | ||||||||||||||||||||
| Total interest-bearing liabilities | 496,609 | $ | 2,835 | 2.28 | % | 498,114 | $ | 3,249 | 2.61 | % | ||||||||||||||||||
| Other non-interest bearing liabilities | 103,679 | 105,881 | ||||||||||||||||||||||||||
| Stockholders' equity | 140,804 | 90,091 | ||||||||||||||||||||||||||
| Total liabilities & stockholders' equity | $ | 741,092 | $ | 694,086 | ||||||||||||||||||||||||
| Net interest income | $ | 6,622 | $ | 5,341 | ||||||||||||||||||||||||
| Interest rate spread | 3.22 | % | 2.72 | % | ||||||||||||||||||||||||
| Net interest margin | 3.85 | % | 3.31 | % | ||||||||||||||||||||||||
(1) The tax equivalent adjustment for bank qualified tax exempt municipal securities, using a federal statutory rate of
(2) Annualized.
Average Balance Sheets, Interest, and Rates (Annual Comparison)
| For the Year Ended | For the Year Ended | |||||||||||||||||||||||||||
| December 31, 2025 | December 31, 2024 | |||||||||||||||||||||||||||
| Average | Interest Income/ | Yield/ | Average | Interest Income/ | Yield/ | |||||||||||||||||||||||
| Balance | Expense | Rate | Balance | Expense | Rate | |||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||||||
| Interest-earning assets: | ||||||||||||||||||||||||||||
| Interest-earning deposits | $ | 50,476 | $ | 2,050 | 4.06 | % | $ | 48,639 | $ | 2,460 | 5.06 | % | ||||||||||||||||
| Securities(1) | 56,687 | 1,473 | 2.60 | % | 60,347 | 1,631 | 2.70 | % | ||||||||||||||||||||
| Loans, including fees | 552,006 | 32,760 | 5.93 | % | 547,525 | 30,713 | 5.61 | % | ||||||||||||||||||||
| Total interest-earning assets | 659,169 | $ | 36,283 | 5.50 | % | 656,511 | $ | 34,804 | 5.30 | % | ||||||||||||||||||
| Other assets | 53,334 | 49,629 | ||||||||||||||||||||||||||
| Total assets | $ | 712,503 | $ | 706,140 | ||||||||||||||||||||||||
| Interest-bearing liabilities | ||||||||||||||||||||||||||||
| Demand & NOW accounts | $ | 63,952 | $ | 61 | 0.10 | % | $ | 67,023 | $ | 64 | 0.10 | % | ||||||||||||||||
| Money market accounts | 159,470 | 3,792 | 2.38 | % | 144,926 | 3,811 | 2.63 | % | ||||||||||||||||||||
| Savings accounts | 52,771 | 35 | 0.07 | % | 59,095 | 40 | 0.07 | % | ||||||||||||||||||||
| Time deposits | 211,434 | 7,662 | 3.62 | % | 220,856 | 9,162 | 4.15 | % | ||||||||||||||||||||
| Total interest-bearing deposits | 487,627 | 11,550 | 2.37 | % | 491,900 | 13,077 | 2.66 | % | ||||||||||||||||||||
| Borrowed funds & other interest-bearing liabilities | 6,181 | 168 | 2.72 | % | 21,465 | 664 | 3.09 | % | ||||||||||||||||||||
| Total interest-bearing liabilities | 493,808 | $ | 11,718 | 2.37 | % | 513,365 | $ | 13,741 | 2.68 | % | ||||||||||||||||||
| Other non-interest bearing liabilities | 105,358 | 105,018 | ||||||||||||||||||||||||||
| Stockholders' equity | 113,337 | 87,757 | ||||||||||||||||||||||||||
| Total liabilities & stockholders' equity | $ | 712,503 | $ | 706,140 | ||||||||||||||||||||||||
| Net interest income | $ | 24,565 | $ | 21,063 | ||||||||||||||||||||||||
| Interest rate spread | 3.13 | % | 2.62 | % | ||||||||||||||||||||||||
| Net interest margin | 3.73 | % | 3.21 | % | ||||||||||||||||||||||||
(1) The tax equivalent adjustment for bank qualified tax exempt municipal securities, using a federal statutory rate of
Average Balance Sheets, Interest, and Rates (Prior Quarter Comparison)
| For the Three Months Ended | For the Three Months Ended | |||||||||||||||||||||||||||
| December 31, 2025 | September 30, 2025 | |||||||||||||||||||||||||||
| Average | Interest Income/ | Yield/ | Average | Interest Income/ | Yield/ | |||||||||||||||||||||||
| Balance | Expense | Rate(2) | Balance | Expense | Rate(2) | |||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||||||
| Interest-earning assets: | ||||||||||||||||||||||||||||
| Interest-earning deposits | $ | 77,155 | $ | 752 | 3.90 | % | $ | 73,188 | $ | 793 | 4.33 | % | ||||||||||||||||
| Securities(1) | 56,992 | 360 | 2.53 | % | 55,750 | 365 | 2.62 | % | ||||||||||||||||||||
| Loans, including fees | 554,172 | 8,345 | 6.02 | % | 554,615 | 8,193 | 5.91 | % | ||||||||||||||||||||
| Total interest-earning assets | 688,319 | $ | 9,457 | 5.50 | % | 683,553 | $ | 9,351 | 5.47 | % | ||||||||||||||||||
| Other assets | 52,773 | 56,139 | ||||||||||||||||||||||||||
| Total assets | $ | 741,092 | $ | 739,692 | ||||||||||||||||||||||||
| Interest-bearing liabilities | ||||||||||||||||||||||||||||
| Demand & NOW accounts | $ | 64,047 | $ | 15 | 0.09 | % | $ | 64,619 | $ | 15 | 0.09 | % | ||||||||||||||||
| Money market accounts | 167,908 | 917 | 2.18 | % | 163,533 | 1,053 | 2.58 | % | ||||||||||||||||||||
| Savings accounts | 51,658 | 9 | 0.07 | % | 47,677 | 9 | 0.08 | % | ||||||||||||||||||||
| Time deposits | 208,982 | 1,853 | 3.55 | % | 210,852 | 1,889 | 3.58 | % | ||||||||||||||||||||
| Total interest-bearing deposits | 492,595 | 2,794 | 2.27 | % | 486,681 | 2,966 | 2.44 | % | ||||||||||||||||||||
| Borrowed funds & other interest-bearing liabilities | 4,014 | 41 | 4.09 | % | 2,315 | 30 | 5.18 | % | ||||||||||||||||||||
| Total interest-bearing liabilities | 496,609 | $ | 2,835 | 2.28 | % | 488,996 | $ | 2,996 | 2.45 | % | ||||||||||||||||||
| Other non-interest bearing liabilities | 103,679 | 121,512 | ||||||||||||||||||||||||||
| Stockholders' equity | 140,804 | 129,184 | ||||||||||||||||||||||||||
| Total liabilities & stockholders' equity | $ | 741,092 | $ | 739,692 | ||||||||||||||||||||||||
| Net interest income | $ | 6,622 | $ | 6,355 | ||||||||||||||||||||||||
| Interest rate spread | 3.22 | % | 3.02 | % | ||||||||||||||||||||||||
| Net interest margin | 3.85 | % | 3.72 | % | ||||||||||||||||||||||||
(1) The tax equivalent adjustment for bank qualified tax exempt municipal securities, using a federal statutory rate of
(2) Annualized.
Selected Quarterly Financial Data
| As of or For the Three Months Ended | ||||||||||||||||||||
| December 31, 2025 | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | ||||||||||||||||
| (Unaudited) | ||||||||||||||||||||
| (Dollars in thousands, except per share amounts) | ||||||||||||||||||||
| Selected Financial Condition Data: | ||||||||||||||||||||
| Total assets | $ | 727,323 | $ | 742,802 | $ | 734,838 | $ | 688,996 | $ | 685,504 | ||||||||||
| Cash and cash equivalents | 64,280 | 83,638 | 75,367 | 30,428 | 33,131 | |||||||||||||||
| Securities, at fair value | 56,138 | 56,049 | 55,323 | 55,801 | 56,495 | |||||||||||||||
| Loans receivable, net | 555,441 | 552,611 | 552,389 | 551,640 | 544,620 | |||||||||||||||
| Deposits | 573,277 | 590,345 | 627,499 | 582,730 | 572,978 | |||||||||||||||
| Long-term debt | — | 2,000 | 2,000 | 4,000 | 10,250 | |||||||||||||||
| Stockholders’ equity | 141,639 | 139,306 | 92,884 | 90,662 | 89,868 | |||||||||||||||
| Condensed Statements of Income: | ||||||||||||||||||||
| Interest income | $ | 9,457 | $ | 9,351 | $ | 9,107 | $ | 8,367 | $ | 8,590 | ||||||||||
| Interest expense | 2,835 | 2,996 | 2,985 | 2,902 | 3,249 | |||||||||||||||
| Net interest income | 6,622 | 6,355 | 6,122 | 5,465 | 5,341 | |||||||||||||||
| Provision (credit) for credit losses | 40 | (269 | ) | — | 48 | (613 | ) | |||||||||||||
| Net interest income after provision (credit) for credit losses | 6,582 | 6,624 | 6,122 | 5,417 | 5,954 | |||||||||||||||
| Total non-interest income | 683 | 1,065 | 800 | 724 | 1,068 | |||||||||||||||
| Total non-interest expense | 4,920 | 4,843 | 4,625 | 4,878 | 5,275 | |||||||||||||||
| Income before income taxes | 2,345 | 2,846 | 2,297 | 1,263 | 1,747 | |||||||||||||||
| Income tax expense | 411 | 487 | 378 | 206 | 278 | |||||||||||||||
| Net income | $ | 1,934 | $ | 2,359 | $ | 1,919 | $ | 1,057 | $ | 1,469 | ||||||||||
| Basic and diluted earnings per share(1) | $ | 0.26 | $ | 0.32 | $ | 0.25 | $ | 0.14 | $ | 0.19 | ||||||||||
| Dividends declared and paid per share(1) | $ | 0.09 | $ | 0.09 | $ | — | $ | 0.13 | $ | 0.13 | ||||||||||
| Selected Financial Ratios: | ||||||||||||||||||||
| Return on average assets(2) | 1.04 | % | 1.28 | % | 1.11 | % | 0.62 | % | 0.85 | % | ||||||||||
| Return on average equity(2) | 5.49 | % | 7.31 | % | 8.37 | % | 4.65 | % | 6.52 | % | ||||||||||
| Average interest-earning assets to average interest-bearing liabilities | 138.60 | % | 139.79 | % | 128.12 | % | 129.52 | % | 129.46 | % | ||||||||||
| Interest rate spread(2) | 3.22 | % | 3.02 | % | 3.32 | % | 2.94 | % | 2.72 | % | ||||||||||
| Net interest margin(2) | 3.85 | % | 3.72 | % | 3.84 | % | 3.49 | % | 3.31 | % | ||||||||||
| Efficiency ratio | 67.35 | % | 65.26 | % | 66.82 | % | 78.82 | % | 82.30 | % | ||||||||||
| Asset Quality Ratios: | ||||||||||||||||||||
| Non-performing loans as a percent of loans at amortized cost | 0.30 | % | 0.33 | % | 0.32 | % | 0.62 | % | 0.69 | % | ||||||||||
| Non-performing assets as a percent of total assets | 0.23 | % | 0.25 | % | 0.24 | % | 0.50 | % | 0.55 | % | ||||||||||
| Allowance for credit losses on loans as a percent of loans at amortized cost | 0.87 | % | 0.87 | % | 0.93 | % | 0.93 | % | 0.93 | % | ||||||||||
| Allowance for credit losses on loans as a percent of non-performing loans | 290.71 | % | 265.57 | % | 290.53 | % | 148.89 | % | 134.91 | % | ||||||||||
| Share Information: | ||||||||||||||||||||
| Common stock, number of shares outstanding(1) | 7,825,388 | 7,825,501 | 7,803,102 | 7,804,593 | 7,770,658 | |||||||||||||||
| Treasury stock, number of shares held(1) | — | — | 1,459,691 | 1,458,200 | 1,492,135 | |||||||||||||||
| Book value per share(1) | $ | 18.10 | $ | 17.80 | $ | 11.90 | $ | 11.62 | $ | 11.57 | ||||||||||
| Tier 1 leverage ratio (Bank-only) | 16.65 | % | 16.34 | % | 14.37 | % | 14.31 | % | 13.83 | % | ||||||||||
| Total risk-based capital ratio (Bank-only) | 23.51 | % | 22.76 | % | 18.94 | % | 18.67 | % | 18.79 | % | ||||||||||
(1) Share and per share information reflects the effects of the Company's conversion and related stock offering for all periods presented, as applicable.
(2) Annualized.
FAQ
What were Lake Shore Bancorp (LSBK) full-year 2025 earnings per share?
How much did Lake Shore (LSBK) net income increase in 2025 versus 2024?
What was Lake Shore Bank's (LSBK) net interest margin in Q4 2025 and full year 2025?
How did Lake Shore (LSBK) improve its balance sheet in 2025?
Did Lake Shore (LSBK) reduce operating costs in 2025?
What capital ratios did Lake Shore (LSBK) report at December 31, 2025?
