LSBK on Nasdaq
Lake Shore Bancorp, Inc. /MD/
American savings institution company, incorporated in Maryland. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerLSBK on Nasdaq1
- IndustrySavings Institution, Federally Chartered1
- HeadquartersDunkirk, New York1
- Incorporated inMD2
- Business address31 East Fourth Street, Dunkirk, Ny 140482
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Lake Shore Bancorp, Inc. (“Lake Shore Bancorp,” the “Company,” “us,” or “we”) operates as the parent holding company of Lake Shore Bank (the "Bank"). Our common stock is traded on the Nasdaq Global Market under the symbol “LSBK”. Unless the context otherwise requires, all references herein to Lake Shore Bancorp or Lake Shore Bank include Lake Shore Bancorp and Lake Shore Bank on a consolidated basis.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Loans, including fees | $32.8M | $30.7M |
| Investment securities, taxable | $643.0K | $765.0K |
| Investment securities, tax-exempt | $830.0K | $866.0K |
| Interest-earning deposits | $2.0M | $2.5M |
| Total Interest Income | $36.3M | $34.8M |
| Deposits | $11.6M | $13.1M |
| Long-term debt | $108.0K | $621.0K |
| Finance Lease and Other | $60.0K | $43.0K |
| Total Interest Expense | $11.7M | $13.7M |
| Net Interest Income | $24.6M | $21.1M |
| Provision for Credit Losses | -$180.0K | -$1.5M |
| Net Interest Income After Provision for Credit Losses | $24.7M | $22.5M |
| Service charges and fees | $1.1M | $1.1M |
| Debit card fees | $780.0K | $816.0K |
| Earnings on bank-owned life insurance | $1.1M | $1.1M |
| Gains on equity securities | $150.0K | $54.0K |
| Recovery on previously impaired investment securities | $4.0K | $6.0K |
| Gain on sale of securities available for sale | $10.0K | |
| Earnings on annuity assets | $58.0K | $161.0K |
| Other | $68.0K | $89.0K |
| Total Non-Interest Income | $3.3M | $3.3M |
| Salaries and employee benefits | $11.6M | $11.5M |
| Occupancy and equipment | $2.6M | $2.7M |
| Data processing | $1.9M | $1.8M |
| Professional services | $1.1M | $1.4M |
| Telephone and communications | $321.0K | $434.0K |
| FDIC insurance | $303.0K | $796.0K |
| Postage and supplies | $310.0K | $276.0K |
| Advertising | $58.0K | $94.0K |
| Other | $1.0M | $976.0K |
| Total Non-Interest Expense | $19.3M | $20.0M |
| Income before Income Taxes | $8.8M | $5.9M |
| Income Tax Expense | $1.5M | $935.0K |
| Net Income | $7.3M | $4.9M |
| Earnings Per Common Share: Basic | $0.97 | $0.65 |
| Earnings Per Common Share: Diluted | $0.97 | $0.65 |
| Dividends declared per share | $0.31 | $0.40 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-07-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $3.0M | $2.7M | ||
| Interest-earning deposits | $61.2M | $30.4M | ||
| Cash and Cash Equivalents | $64.3M | $33.1M | ||
| Securities, at fair value | $56.1M | $56.5M | ||
| Federal Home Loan Bank stock, at cost | $673.0K | $1.2M | ||
| Loans receivable, net of allowance for credit losses of $4,884 in 2025 and $5,133 in 2024 | $555.4M | $544.6M | ||
| Premises and equipment, net | $7.0M | $7.2M | ||
| Accrued interest receivable | $3.0M | $2.8M | ||
| Bank-owned life insurance | $31.5M | $29.3M | ||
| Other assets | $9.2M | $10.7M | ||
| Total Assets | $727.3M | $685.5M | ||
| Deposits: Interest-bearing | $477.2M | $476.6M | ||
| Deposits: Non-interest-bearing | $96.1M | $96.4M | ||
| Total Deposits | $573.3M | $573.0M | ||
| Long-term debt | $0 | $10.2M | ||
| Advances from borrowers for taxes and insurance | $3.0M | $3.2M | ||
| Other liabilities and accrued interest payable | $9.4M | $9.2M | ||
| Total Liabilities | $585.7M | $595.6M | ||
| Preferred stock, $0.01 par value per share, 10,000,000 shares authorized at December 31, 2025; no shares issued or outstanding at December 31, 2025 or December 31, 2024 | $0 | $0 | ||
| Common stock, $0.01 par value per share, 40,000,000 shares authorized at December 31, 2025 and 25,000,000 shares authorized at December 31, 2024; 7,836,100 shares issued and outstanding at December 31, 2025 and 9,262,793 shares issued and 7,770,658 shares outstanding at December 31, 2024 | $78.0K | $68.0K | ||
| Additional paid-in capital | $65.6M | $31.2M | ||
| Treasury stock, at cost (No shares at December 31, 2025 and 1,492,135 shares at December 31, 2024) | $0 | -$13.3M | ||
| Unearned shares held by ESOP | -$4.7M | -$938.0K | ||
| Retained earnings | $88.4M | $82.8M | ||
| Accumulated other comprehensive loss | -$7.7M | -$10.0M | ||
| Total Stockholders' Equity | $141.6M | $89.9M | $86.3M | |
| Total Liabilities and Stockholders' Equity | $727.3M | $685.5M | ||
| Allowance for credit losses | $4.9M | $5.1M | $6.5M | |
| Preferred stock par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred Stock, Shares Issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock par value per share | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized | 40.0M shares | 25.0M shares | ||
| Common Stock, Shares Issued | 7.8M shares | 5.0M shares | 9.3M shares | |
| Common Stock, Shares Outstanding | 7.8M shares | 7.8M shares | ||
| Treasury Stock, Shares | 0 shares | 1.5M shares | ||
| Exchange ratio | 1 pure |
| Period ending | 2025-12-31 | 2025-07-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $3.0M | $2.7M | ||
| Interest-earning deposits | $61.2M | $30.4M | ||
| Cash and Cash Equivalents | $64.3M | $33.1M | ||
| Securities, at fair value | $56.1M | $56.5M | ||
| Federal Home Loan Bank stock, at cost | $673.0K | $1.2M | ||
| Loans receivable, net of allowance for credit losses of $4,884 in 2025 and $5,133 in 2024 | $555.4M | $544.6M | ||
| Premises and equipment, net | $7.0M | $7.2M | ||
| Accrued interest receivable | $3.0M | $2.8M | ||
| Bank-owned life insurance | $31.5M | $29.3M | ||
| Other assets | $9.2M | $10.7M | ||
| Total Assets | $727.3M | $685.5M | ||
| Deposits: Interest-bearing | $477.2M | $476.6M | ||
| Deposits: Non-interest-bearing | $96.1M | $96.4M | ||
| Total Deposits | $573.3M | $573.0M | ||
| Long-term debt | $0 | $10.2M | ||
| Advances from borrowers for taxes and insurance | $3.0M | $3.2M | ||
| Other liabilities and accrued interest payable | $9.4M | $9.2M | ||
| Total Liabilities | $585.7M | $595.6M | ||
| Preferred stock, $0.01 par value per share, 10,000,000 shares authorized at December 31, 2025; no shares issued or outstanding at December 31, 2025 or December 31, 2024 | $0 | $0 | ||
| Common stock, $0.01 par value per share, 40,000,000 shares authorized at December 31, 2025 and 25,000,000 shares authorized at December 31, 2024; 7,836,100 shares issued and outstanding at December 31, 2025 and 9,262,793 shares issued and 7,770,658 shares outstanding at December 31, 2024 | $78.0K | $68.0K | ||
| Additional paid-in capital | $65.6M | $31.2M | ||
| Treasury stock, at cost (No shares at December 31, 2025 and 1,492,135 shares at December 31, 2024) | $0 | -$13.3M | ||
| Unearned shares held by ESOP | -$4.7M | -$938.0K | ||
| Retained earnings | $88.4M | $82.8M | ||
| Accumulated other comprehensive loss | -$7.7M | -$10.0M | ||
| Total Stockholders' Equity | $141.6M | $89.9M | $86.3M | |
| Total Liabilities and Stockholders' Equity | $727.3M | $685.5M | ||
| Allowance for credit losses | $4.9M | $5.1M | $6.5M | |
| Preferred stock par value | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred Stock, Shares Issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock par value per share | $0.01 | $0.01 | ||
| Common Stock, Shares Authorized | 40.0M shares | 25.0M shares | ||
| Common Stock, Shares Issued | 7.8M shares | 5.0M shares | 9.3M shares | |
| Common Stock, Shares Outstanding | 7.8M shares | 7.8M shares | ||
| Treasury Stock, Shares | 0 shares | 1.5M shares | ||
| Exchange ratio | 1 pure |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income (Loss) | $7.3M | $4.9M |
| Net amortization of investment securities | $70.0K | $72.0K |
| Net amortization of deferred loan costs | $385.0K | $496.0K |
| Provision for credit losses | -$180.0K | -$1.5M |
| Recovery on previously impaired investment securities | -$4.0K | -$6.0K |
| Gains on equity securities | -$150.0K | -$54.0K |
| Gain on sale of securities available for sale | -$10.0K | |
| Loss (gain) on disposal of premises and equipment | $2.0K | -$14.0K |
| Depreciation and amortization of premises and equipment | $612.0K | $739.0K |
| Earnings on bank-owned life insurance | -$1.1M | -$1.1M |
| Deferred income tax (benefit) expense | -$101.0K | $128.0K |
| ESOP shares committed to be released | $263.0K | $99.0K |
| Stock based compensation expense | $295.0K | $246.0K |
| (Increase) decrease in accrued interest receivable | -$188.0K | $16.0K |
| Decrease (increase) in other assets | $595.0K | -$1.4M |
| Loss on sale of foreclosed real estate | $19.0K | |
| Increase (decrease) in other liabilities | $346.0K | -$31.0K |
| Increase in annuity asset | -$58.0K | -$161.0K |
| Net Cash Provided by Operating Activities | $8.0M | $2.5M |
| Activity in debt securities: Sales | $17.0K | |
| Activity in debt securities: Maturities, prepayments and calls | $3.1M | $3.2M |
| Redemptions of Federal Home Loan Bank of New York Stock | $484.0K | $1.1M |
| Loan principal collections, originations, and purchases, net | -$11.0M | $12.0M |
| Proceeds from claims on and surrender of bank-owned life insurance | $1.6M | $7.7M |
| Purchase of annuity assets | -$3.0M | |
| Purchase of bank-owned life insurance | -$2.0M | |
| Proceeds from the sale of equity securities | $223.0K | |
| Proceeds from sale of foreclosed real estate | $0 | $42.0K |
| (Additions) and sales of premises and equipment, net | -$560.0K | $41.0K |
| Net Cash (Used in) Provided by Investing Activities | -$8.1M | $21.1M |
| Proceeds from the sale of common stock, net of offering costs and ESOP purchase | $43.2M | |
| Net increase (decrease) in deposits | $299.0K | -$17.9M |
| Net decrease in advances from borrowers for taxes and insurance | -$179.0K | -$82.0K |
| Repayment of long-term debt | -$10.2M | -$25.0M |
| Repayment of finance lease obligation | -$101.0K | -$93.0K |
| Repurchase of common stock | -$53.0K | -$20.0K |
| Cash dividends paid | -$1.7M | -$1.1M |
| Net Cash Provided by (Used in) Financing Activities | $31.3M | -$44.2M |
| Net Increase (Decrease) in Cash and Cash Equivalents | $31.1M | -$20.6M |
| Interest paid | $11.8M | $14.5M |
| Income taxes paid (U.S. Federal) | $1.6M | $990.0K |
| Income taxes paid (NY State) | $5.0K | $5.0K |
| Unrealized gain (loss) on securities available for sale | $2.9M | -$726.0K |
| Accrued purchase of property and equipment | $114.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Lake Shore Bancorp, Inc. /MD/, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief financial officerTaylor Gilden Jul 18, 2025 to now7
Board members and other officers (8)
- EVP-Commercial DivisionJeffrey M. Werdein Jul 18, 2025 to now8
- Board memberDennis Pollack Mar 24, 2026 to now9
- Board memberAnn M. Segarra Jul 18, 2025 to now10
- Board memberJohn L. Mehltretter Jul 18, 2025 to now11
- Board memberKevin M. Sanvidge Jul 18, 2025 to now12
- Board memberMichelle M. Debergalis Jul 18, 2025 to now13
- Board memberRonald J. Passafaro Jul 18, 2025 to now14
- Board memberSharon E. Brautigam Jul 18, 2025 to now15
Filings
84 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 20 major events, 38 insider forms, 6 large holders, 15 other. The latest 20:
- Sep 9, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 11, 202610-Q EDGAR
- Jul 24, 20268-K EDGAR
- Jul 22, 20268-K EDGAR
- Jun 4, 20264 EDGAR
- May 20, 20268-K EDGAR
- May 20, 20268-K EDGAR
- May 18, 2026SCHEDULE 13G EDGAR
- May 12, 202610-Q EDGAR
- Apr 24, 20264 EDGAR
- Apr 24, 20264 EDGAR
- Apr 24, 20268-K EDGAR
- Apr 22, 20268-K EDGAR
- Apr 7, 2026DEF 14A EDGAR
- Apr 7, 2026ARS EDGAR
- Mar 24, 20263 EDGAR
- Mar 20, 20264 EDGAR
- Mar 20, 20264 EDGAR
- Mar 20, 20264 EDGAR
The 84 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- AllianceBernsteinSCHEDULE 13G, 1 filing May 18, 202616
- Joseph StilwellSCHEDULE 13D/A, 4 filings Jul 30, 2025 to Mar 18, 202617
- Employee Stock Ownership Plan Trust of Lake Shore Bancorp, Inc.SCHEDULE 13G, 1 filing Nov 14, 202518
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 31. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9SEC EDGARDennis Pollack, Board member
- 10SEC EDGARAnn M. Segarra, Board member
- 11SEC EDGARJohn L. Mehltretter, Board member
- 12SEC EDGARKevin M. Sanvidge, Board member
- 13SEC EDGARMichelle M. Debergalis, Board member
- 14SEC EDGARRonald J. Passafaro, Board member
- 15SEC EDGARSharon E. Brautigam, Board member
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