Last $12.33 USD
Change Today -0.041 / -0.33%
Volume 1.3K
LSBK On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GM
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

lake shore bancorp inc (LSBK) Snapshot

Open
$12.27
Previous Close
$12.37
Day High
$12.33
Day Low
$12.27
52 Week High
02/13/14 - $12.52
52 Week Low
09/5/13 - $11.25
Market Cap
72.9M
Average Volume 10 Days
1.2K
EPS TTM
$0.65
Shares Outstanding
5.9M
EX-Date
08/4/14
P/E TM
19.0x
Dividend
$0.28
Dividend Yield
2.27%
Current Stock Chart for LAKE SHORE BANCORP INC (LSBK)

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lake shore bancorp inc (LSBK) Details

Lake Shore Bancorp, Inc. operates as the holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services. It offers various deposit products, including regular savings deposits, such as Christmas club, passbook, and statement savings accounts; money market accounts; interest bearing and non-interest bearing checking accounts; health savings accounts; retirement accounts; time deposits; and interest on lawyer accounts, as well as checking accounts for businesses. The company’s loan portfolio includes one-to four-family residential mortgage lending, home equity lines of credit, commercial real estate loans, construction loans, and commercial loans; consumer loans, such as personal consumer loans, overdraft lines of credit, vehicle loans, motorcycle loans, secured and unsecured property improvement loans, and other secured and unsecured loans. As of April 24, 2014, it had 11 full-service branches in Western New York. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. is a subsidiary of Lake Shore, MHC.

lake shore bancorp inc (LSBK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $256.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $161.2K
Internal Auditor
Total Annual Compensation: $107.2K
Vice President of Commercial & Small Business...
Total Annual Compensation: $106.0K
Compensation as of Fiscal Year 2013.

lake shore bancorp inc (LSBK) Key Developments

Lake Shore Bancorp Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Lake Shore Bancorp Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported interest income of $4.527 million compared to $4.621 million a year ago primarily a result of a 23 basis point drop in the average interest rate on the Bank's loan portfolio, partially offset by a $5.1 million increase in average loan balances. Net interest income was $3.697 million compared to $3.724 million a year ago. Income before income taxes was $1.098 million compared to $0.980 million a year ago. Net income was $0.899 million or $0.16 per basic and diluted share compared to $0.800 million or $0.14 per basic and diluted share a year ago. Return on average assets was 0.73% compared to 0.65% a year ago. Return on average equity was 5.24% compared to 4.75% a year ago. The company's higher net income, compared to second quarter 2013, was a result of increased non-interest income, along with stable levels of net interest income and non-interest expense. For the quarter, the company reported interest income of $9.065 million compared to $9.282 million a year ago. Net interest income was $7.409 million compared to $7.473 million a year ago. Income before income taxes was $2.052 million compared to $2.096 million a year ago. Net income was $1.674 million or $0.29 per basic and diluted share compared to $1.706 million or $0.30 per basic and diluted share a year ago. Return on average assets was 0.69% compared to 0.70% a year ago. Return on average equity was 4.95% compared to 5.06% a year ago. The decrease in interest income was primarily the result of a 28 basis point decline in average interest rates on loans partially offset by higher average loan balances.

Lake Shore Bancorp Inc. Declares Quarterly Cash Dividend, Payable on August 19, 2014

Lake Shore Bancorp Inc. declared a quarterly cash dividend of $0.07 per share on its outstanding common stock. The dividend is payable on August 19, 2014 to shareholders of record as of August 6, 2014.

Lake Shore Bancorp Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Lake Shore Bancorp Inc. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported income before income taxes of $954,000, net income of $775,000 or $0.14 per share on net interest income of $3,712,000 against income before income taxes of $1,116,000, net income of $906,000 or $0.16 per share on net interest income of $3,749,000 for the same period a year ago. Return on average assets was 0.64%, return on average equity was 4.64% against return on average assets was 0.76%, return on average equity was 5.38% for the same period a year ago.

 

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