Lake Shore Bancorp, Inc. filings document the company's public-company disclosures as the Maryland holding company for Lake Shore Bank. Current reports record quarterly and annual financial results, cash dividend declarations, share repurchase authorization disclosures, and material agreements affecting governance and board composition.
Proxy materials cover annual meeting matters, director elections, executive compensation and shareholder voting procedures. The filing record also reflects the company's capital structure and corporate-status history following the completed mutual-to-stock conversion and the Bank's conversion to a New York chartered commercial bank.
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 $14.85 per share, expiring on December 9, 2035. These options vest at a rate of 20% per year starting on December 9, 2026, which means the right to exercise them builds gradually over time.
Lake Shore Bancorp, Inc. director and Chairman of the Board Kevin M. Sanvidge reported receiving 893 shares of common stock on December 9, 2025 as an award at a price of $0.00 per share. These are restricted shares that, according to the footnotes, vest on December 9, 2026.
After this grant, Sanvidge directly beneficially owns 57,813 shares of common stock, which include 1,415 restricted shares scheduled to vest on March 12, 2026 and the 893 shares scheduled to vest on December 9, 2026. He also indirectly holds 1,768 shares as custodian for grandchildren.
In addition, Sanvidge holds stock options to purchase 14,563 shares of common stock at an exercise price of $10.62 per share, which are fully vested and expire on October 21, 2026, and options for 2,570 shares at $7.89 per share expiring on April 22, 2034. Of the latter, 514 options are already vested and 2,056 are scheduled to vest in four equal annual installments beginning on April 23, 2026.
Lake Shore Bancorp, Inc. director John P. McGrath received a grant of stock options for 8,220 shares of common stock on December 9, 2025, with an exercise price of $14.85 per share and an expiration date of December 9, 2035. The options were awarded at no cost to him and are classified as directly owned.
The stock options vest in equal installments of 20% per year starting on December 9, 2026. After this grant, McGrath beneficially owns 10,284 shares of common stock directly, including 899 restricted shares that vest on March 12, 2026, and 79,927 shares held indirectly through an IRA.
Lake Shore Bancorp, Inc. director John L. Mehltretter reported a new stock option grant on December 9, 2025. He received 5,237 stock options with a conversion or exercise price of $14.85 per share, expiring on December 9, 2035. These options vest at a rate of 20% per year starting on December 9, 2026.
After this grant, Mehltretter directly holds 18,933 shares of common stock, including 1,005 restricted shares that vest on March 12, 2026, plus an additional 20,000 shares held indirectly through an IRA. He also holds a previous stock option position for 7,468 shares at an exercise price of $7.89 per share, expiring on April 22, 2034, of which 1,493 options vested on April 23, 2025 and 5,975 remain unvested and vest in four equal annual installments beginning on April 23, 2026.
Lake Shore Bancorp, Inc. announced that its Board of Directors declared a cash dividend of $0.09 per share on the company’s outstanding common stock. The dividend is expected to be paid on February 11, 2026 to stockholders who are on record as of February 2, 2026. This action reflects a decision by the Board to return cash to shareholders in the form of a regular cash dividend.
Lake Shore Bancorp, Inc. filed a current report stating that it issued a press release on January 21, 2026 to disclose its results of operations and financial condition for the fourth quarter and full year ended December 31, 2025. The filing notes that the detailed financial results are contained in the press release, which is attached as an exhibit. This is a routine update that formally makes the company’s latest quarterly and annual performance information part of the public record.
Lake Shore Bancorp, Inc. had a director and Chairman of the Board report a gift of 1,382 shares of common stock on December 10, 2025. The shares were moved from direct ownership to an indirect account held as custodian for grandchildren at a price of $0.00 per share, reflecting a transfer in form of ownership rather than an open-market sale.
After this transaction, the insider beneficially owns 55,538 shares directly, including 1,415 shares of restricted stock that vest on March 12, 2026, and 3,150 shares indirectly as custodian for grandchildren. The director also holds stock options covering 14,563 shares at an exercise price of $10.62 expiring on October 21, 2026, which are fully vested, and options for 2,570 shares at $7.89 expiring on April 22, 2034, with 514 already vested and the remaining 2,056 vesting in four equal annual installments beginning on April 23, 2026.
Lake Shore Bancorp, Inc. (LSBK) reported stronger Q3 2025 results and completed its second‑step conversion. Net income for the quarter rose to $2,359 thousand from $1,332 thousand, as net interest income improved to $6,355 thousand and the company recorded a credit to the provision for credit losses. Basic and diluted EPS were $0.32, and a $0.09 per‑share dividend was declared.
Total assets reached $742,802 thousand, driven by higher cash and interest‑earning deposits. Deposits were $590,345 thousand, while long‑term debt declined to $2,000 thousand. Stockholders’ equity increased to $139,306 thousand, reflecting the July 18, 2025 second‑step conversion and stock offering.
Through the conversion, the company sold 4,950,460 shares at $10.00 per share, raising gross proceeds of $49.5 million, with approximately $2.3 million in offering costs and a $4.0 million ESOP purchase. There were 7,825,501 shares outstanding as of November 6, 2025. The board also authorized a plan to repurchase up to 5% of outstanding shares, which may begin after July 20, 2026.
Lake Shore Bancorp, Inc. (LSBK) announced a cash dividend of $0.09 per share on its outstanding common stock. The Board declared the dividend on October 22, 2025.
The dividend is payable on November 12, 2025 to shareholders of record as of November 3, 2025. This action returns cash to shareholders via a scheduled distribution.
Lake Shore Bancorp, Inc. (LSBK) announced that its Board authorized a stock repurchase plan to buy back up to 5% of its outstanding common shares. Repurchases are expected to begin after the one-year anniversary of its recent second step conversion offering, or on July 20, 2026.
The company may repurchase shares in open market or private transactions, including under a Rule 10b5-1 trading plan. Open market purchases will follow SEC Rule 10b-18 and other legal requirements. The program has no expiration date and can be suspended, terminated, or modified at any time. The plan does not obligate the company to repurchase a specific number of shares, and there is no guarantee of the exact amount to be repurchased.