Lake Shore Bancorp, Inc. Announces 2020 First Quarter Financial Results and Declares Dividend
Lake Shore Bancorp, Inc. (LSBK)
US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=4108493
Company Research
Source: GlobeNewswire
DUNKIRK, N.Y., April 24, 2020 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ Global Market: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced unaudited results for the three months ended March 31, 2020. Net income for first quarter 2020 was $731,000, or $0.12 per diluted share, as compared to first quarter 2019 net income of $898,000, or $0.15 per diluted share. First quarter 2020 net income reflected a $425,000 increase in provision for loan losses primarily related to declining economic conditions as a result of the COVID-19 pandemic and a $134,000 decrease in non-interest income which was partially offset by a $358,000 increase in net interest income, a $29,000 decrease in income tax expense and a $5,000 decrease in non-interest expense when compared to the first quarter of 2019. During the first quarter of 2020, Lake Shore Savings Bank was actively engaged in responding to the COVID-19 pandemic. All bank branches remain open t
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Sec Filings
- 11/14/25 - Form SCHEDULE
- 11/12/25 - Form 10-Q
- 10/24/25 - Form 8-K
- LSBK's page on the SEC website