Welcome to our dedicated page for Lake Shore Bncop SEC filings (Ticker: LSBK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Lake Shore Bancorp, Inc. (LSBK) SEC filings provide detailed regulatory disclosures about the company’s operations as the holding company for Lake Shore Bank, a New York-chartered, community-oriented financial institution headquartered in Dunkirk, New York. These documents are filed with the U.S. Securities and Exchange Commission and include current reports, periodic reports, and other materials that explain the company’s financial condition and corporate actions.
Recent Form 8-K filings for Lake Shore Bancorp document material events such as quarterly earnings releases, cash dividend declarations, the adoption of a share repurchase plan, and key steps in the company’s second step conversion from a mutual holding company structure to a fully public stock holding company structure. Some filings also describe the bank’s charter conversion to a New York-chartered commercial bank and summarize stockholder and member voting results on the Plan of Conversion and Reorganization.
Through Stock Titan, this SEC filings page connects to real-time updates from the EDGAR system and pairs them with AI-generated summaries. These summaries are designed to explain the significance of each filing, such as what an earnings-related Form 8-K indicates about net interest income and capital, or how a filing about a stock repurchase authorization may affect the company’s share count. Users can also review filings that reference dividends, stock offerings, and other corporate actions.
In addition to current reports, investors may use this page to locate Lake Shore Bancorp’s periodic reports, such as annual reports on Form 10-K and quarterly reports on Form 10-Q, when available. AI assistance can help highlight key sections of these longer documents, including discussions of business strategy, risk factors, capital and funding, and credit quality, making it easier to understand the regulatory information that Lake Shore Bancorp provides.
Lake Shore Bancorp, Inc. is the holding company for Lake Shore Bank, a community bank focused on commercial and residential real estate lending in Western New York. In connection with its mutual-to-stock conversion on July 18, 2025, it sold 4,950,460 shares of common stock at $10.00 per share, raising approximately $49.5 million.
At December 31, 2025, total gross loans were $557.3 million, up from $546.5 million a year earlier. Commercial real estate loans, including construction, totaled $327.4 million and represented 58.8% of the portfolio, while one- to four-family residential mortgages were $150.1 million, or 26.9%. The allowance for credit losses was $4.9 million, allocated primarily to commercial real estate.
Time deposits totaled $203.8 million, with $184.9 million maturing within one year and uninsured deposits of $64.7 million, or 11.3% of total deposits. The bank had no borrowings outstanding and reported a community bank leverage ratio of 16.65%, which exceeds the well-capitalized standard, and held an “outstanding” community reinvestment rating.
Lake Shore Bancorp, Inc. EVP-Commercial Division Jeffrey M. Werdein reported a compensation-related share disposition tied to tax withholding. He had 368 shares of Common Stock withheld at
Following this, he directly owns 51,532 Common shares, plus indirect holdings of Common Stock through an IRA, an ESOP, his spouse, and his son. He also holds fully vested stock options to buy 23,132 Common shares at an exercise price of
Lake Shore Bancorp insider Kim C. Liddell, who serves as director, president and CEO of the bank, had 765 shares of common stock withheld on March 12, 2026 at $15.43 per share to cover a tax liability tied to vesting restricted stock.
After this tax-withholding disposition, Liddell holds 64,713 common shares directly, plus indirect holdings of 10,000 shares by spouse, 41,661 shares in an IRA, and 677 shares through an ESOP. Footnotes note 6,363 remaining restricted shares from a March 12, 2025 grant and 5,247 remaining restricted shares from an April 23, 2024 grant, each vesting in four annual installments.
Lake Shore Bancorp is the target of a proxy solicitation by Joseph Stilwell and affiliated entities seeking to submit a business proposal and nominate a director at the
Stilwell-affiliated vehicles report direct holdings of 469,195, 89,328, and 215,152 shares respectively, totaling 773,675 shares they may be deemed to beneficially own; timing and voting logistics are set out in a Schedule 13D amendment filed on
Lake Shore Bancorp, Inc. received an updated Schedule 13D from the Stilwell activist group, which reports beneficial ownership of 773,675 shares of common stock, or about 9.9% of the 7,825,388 shares outstanding as of December 31, 2025.
The group is escalating its campaign by serving notice of intent to nominate Timothy J. Andruschat to the board at the 2026 annual meeting and by submitting a shareholder proposal that would prohibit the company from acquiring other financial institutions until the stock consistently trades above book value. The filers state they see the shares as undervalued and aim to profit from price appreciation by asserting shareholder rights.
The group reports no share purchases or sales in the last sixty days and details a nominee agreement under which it will reimburse Andruschat’s expenses and indemnify him in connection with his potential board service.
Lake Shore Bancorp, Inc. director and Chairman of the Board reported a stock gift under a Form 4/A. On December 10, 2025, the insider transferred 1,382 shares of common stock at a price of $0.00, disposing of them from a direct holding and acquiring the same number in an indirect account listed as “As Custodian for Grandchildren.”
After this transaction, the insider directly owned 56,431 shares of common stock and indirectly owned 3,150 shares as custodian for grandchildren. The filing also lists stock options to buy 14,563 shares of common stock at an exercise price of $10.62, fully vested and expiring on October 21, 2026, and options for 2,570 shares at $7.89 per share expiring on April 22, 2034, with 514 already vested and the remaining 2,056 vesting in four equal annual installments starting April 23, 2026.
Lake Shore Bancorp, Inc. director Ronald J. Passafaro reported a grant of stock options on
After this grant, Passafaro holds 45,264 shares of Lake Shore Bancorp common stock directly, including 773 restricted shares scheduled to vest on
Lake Shore Bancorp director Ann M. Segarra reported new equity awards. On December 9, 2025, she received 5,058 shares of common stock as restricted stock at a price of
After this grant, she directly holds 6,072 common shares, which include 837 restricted shares vesting on Segarra was also granted a stock option covering 10,749 shares of common stock with an exercise price of
Lake Shore Bancorp director Sharon E. Brautigam reported receiving 893 shares of restricted common stock on December 9, 2025 at a price of $0.00 per share. These restricted shares are scheduled to vest on December 9, 2026.
After this grant, she directly holds 23,287 shares of common stock, including 815 restricted shares that vest on March 12, 2026 and the 893 restricted shares that vest on December 9, 2026. She also has indirect holdings of 474 shares through a spouse and 20,000 shares through an IRA.
In addition, she holds a stock option to buy 2,570 shares of common stock at an exercise price of $7.89 per share, expiring April 22, 2034. Of these options, 514 had already vested on April 23, 2025, and 2,056 remain unvested and are scheduled to vest in four equal annual installments beginning on April 23, 2026.
Lake Shore Bancorp, Inc. director Michelle M. DeBergalis reported new equity awards. On December 9, 2025, she received 3,868 shares of common stock at $0.00 per share as restricted stock, bringing her directly held common shares to 8,379, plus 157 shares held indirectly through an IRA. The filing notes these 3,868 restricted shares vest on December 9, 2026, and that her total direct holdings include an additional 647 restricted shares vesting on March 12, 2026.
She was also granted a stock option for 8,220 shares with an exercise price of