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. executive vice president Jeffrey M. Werdein reported an equity compensation grant of 3,025 shares of Common Stock on March 18, 2026. These shares are unvested restricted stock that were granted at no cash cost and vest in four equal annual installments beginning on the first anniversary of the grant.
After this award, Werdein directly holds 54,557 Common shares and has a fully vested stock option covering 23,132 shares of Common Stock with a $10.62 exercise price, expiring on October 21, 2026. He also reports additional indirect Common Stock holdings through an IRA, an employee stock ownership plan allocation, and family accounts, which reflect ownership structure rather than new transactions.
Lake Shore Bancorp director Sharon E. Brautigam received an equity grant of 527 shares of common stock on March 18, 2026. The shares are restricted stock that vest on March 18, 2027, so she does not receive them outright until that date.
After this grant, she holds 23,814 common shares directly, which include 893 unvested restricted shares scheduled to vest on December 9, 2026 and the 527 unvested shares vesting on March 18, 2027. She also has indirect holdings of 474 shares held by her spouse and 20,000 shares held by an IRA.
In addition, she holds stock options covering 2,570 shares of common stock at an exercise price of $7.89 per share, expiring on April 22, 2034. Of these options, 514 are vested and exercisable and 2,056 remain unvested, scheduled to vest in equal annual installments beginning one year after the April 23, 2024 grant date.
Lake Shore Bancorp director John L. Mehltretter reported receiving a grant of 667 shares of restricted Common Stock at no cash cost. These shares vest on March 18, 2027. Following the grant, he holds 19,600 Common shares directly and 20,000 shares indirectly through an IRA.
He also holds stock options over 5,237 Common shares with a $14.85 exercise price expiring on December 9, 2035, which vest 20% per year beginning on December 9, 2026, and options over 7,468 shares at $7.89 expiring on April 22, 2034, of which 5,975 are unvested and 1,493 are vested and exercisable.
Lake Shore Bancorp, Inc. director John P. McGrath received an equity grant of 589 shares of common stock as compensation. The shares are restricted stock that will vest on March 18, 2027, meaning he must wait until that date for them to fully become his.
After this award, McGrath holds 10,873 common shares directly, which include the 589 unvested restricted shares, and 79,927 additional shares indirectly through an IRA. He also holds stock options covering 8,220 common shares at an exercise price of $14.85 per share, vesting 20% per year starting December 9, 2026 and expiring in 2035.
Lake Shore Bancorp, Inc. director Kevin M. Sanvidge received an equity award of 893 shares of Common Stock as a grant at no cash cost on March 18, 2026. Following this award, he directly holds 57,324 common shares, which include unvested restricted stock scheduled to vest on December 9, 2026 and March 18, 2027.
He also holds stock options covering 14,563 common shares at an exercise price of 10.6200 per share that are fully vested and expire on October 21, 2026, and options covering 2,570 shares at 7.8900 per share expiring on April 22, 2034, of which 514 are currently vested and exercisable and 2,056 remain unvested. In addition, 3,150 common shares are held indirectly as custodian for his grandchildren.
Lake Shore Bancorp director Michelle M. DeBergalis received a grant of 480 shares of Common Stock as equity compensation. The shares were awarded at no cash cost and are restricted stock scheduled to vest on March 18, 2027. After this grant, she directly holds 8,859 shares of Common Stock, which include previously awarded unvested restricted shares that vest on December 9, 2026 and March 18, 2027. She also holds a stock option covering 8,220 shares of Common Stock at an exercise price of $14.8500 per share, expiring in 2035, with vesting at 20% per year commencing on December 9, 2026. In addition, 157 shares are held indirectly through an IRA.
Lake Shore Bancorp director Ann M. Segarra received a grant of 620 shares of restricted common stock on March 18, 2026, as compensation. These shares vest on March 18, 2027. After the grant, she directly holds 6,692 common shares, including unvested restricted stock.
Footnotes state that this direct position includes 5,058 unvested shares scheduled to vest on December 9, 2026, and the new 620-share award vesting on March 18, 2027. Segarra also holds 81,840 common shares indirectly through an IRA and stock options over 10,749 shares at an exercise price of $14.85 per share, vesting 20% per year starting December 9, 2026 and expiring on December 9, 2035.
Lake Shore Bancorp, Inc. and the Stilwell activist group have amended their Schedule 13D to reflect a new standstill agreement and board changes. The group beneficially owns 773,675 shares of common stock, or about 9.9% of the 7,836,100 shares outstanding as of March 11, 2026.
Under a March 17, 2026 standstill agreement, Dennis Pollack, chosen by the Stilwell group, has been appointed to the boards of the company and its bank subsidiary, and the company will nominate and support him at the 2026 annual meeting for a term running to the 2029 annual meeting. In return, the Stilwell group has withdrawn its prior director nomination and shareholder proposal and agreed to extensive standstill restrictions, including limits on proxy solicitations, control efforts, certain M&A actions and further share acquisitions, while maintaining its activist investment aimed at improving perceived undervaluation.
Lake Shore Bancorp, Inc. entered into a standstill agreement with The Stilwell Group under which Dennis Pollack has been appointed to the Boards of the company and Lake Shore Bank. The agreement runs until the 2029 Annual Meeting of Stockholders and includes extensive standstill, voting and non‑disparagement commitments by Stilwell and Pollack. The company’s bylaws were amended so the board, by a two‑thirds vote, can waive director qualification requirements when it believes doing so is in the company’s best interest. The parties also issued a joint press release describing the appointment and their collaborative relationship.
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.