Lake Shore Bancorp, Inc. /MD/ LSBK
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.
Lake Shore Bancorp, Inc.
Lake Shore Bancorp is a Maryland corporation that was incorporated in March 2025 to become the registered bank holding company for the Bank upon the conversion of Lake Shore, MHC (the "MHC"), a federally chartered mutual holding company, from the mutual-to-stock form of organization, which occurred on July 18, 2025 (the "Conversion"). The Company sold 4,950,460 shares of common stock at a price of $10.00 per share, for gross proceeds of approximately $49.5 million.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $36.3M | $34.8M | — |
| Interest expense | $24.6M | $21.1M | — |
| Pre-tax income | $8.8M | $5.9M | — |
| Income tax | $1.5M | $935.0K | — |
| Net income | $7.3M | $4.9M | $4.8M |
| EPS, basic | 0.97 | 0.65 | — |
| EPS, diluted | 0.97 | 0.65 | — |
| Shares, diluted (wtd. avg.) | $7.5M | $7.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $64.3M | $33.1M | $53.7M |
| Property, plant and equipment | $7.0M | $7.2M | — |
| Total assets | $727.3M | $685.5M | — |
| Long-term debt | $0 | $10.2M | — |
| Total liabilities | $585.7M | $595.6M | — |
| Retained earnings | $88.4M | $82.8M | — |
| Total equity | $141.6M | $89.9M | $86.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | $8.0M | $2.5M | — |
| Investing cash flow | -$8.1M | $21.1M | — |
| Financing cash flow | $31.3M | -$44.2M | — |
| Dividends paid | $1.7M | $1.1M | — |
| Buybacks | $53.0K | $20.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-145635.
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