Lake Shore Bancorp, Inc. (LSBK) financial statements (2022 and earlier)

Company profile

Business Address 31 EAST FOURTH STREET
DUNKIRK, NY 14048
State of Incorp.
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67,58542,97530,28930,75140,91345,47934,227
Cash and cash equivalents67,58542,97530,28930,75140,91345,47934,227
Total current assets:67,58542,97530,28930,75140,91345,47934,227
Noncurrent Assets
Operating lease, right-of-use asset511645776
Property, plant and equipment8,7368,9749,4159,4179,3738,7479,144
Total noncurrent assets:9,2479,61910,1919,4179,3738,7479,144
Other undisclosed assets636,907633,606570,389505,540468,691434,948430,014
TOTAL ASSETS:713,739686,200610,869545,708518,977489,174473,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,0007,8006,1006,2503,8001,7002,200
Total current liabilities:2,0007,8006,1006,2503,8001,7002,200
Noncurrent Liabilities
Other undisclosed liabilities623,763592,476521,929459,654436,802411,444397,309
Total liabilities:625,763600,276528,029465,904440,602413,144399,509
Stockholders' equity
Stockholders' equity attributable to parent, including:87,97685,92482,84079,80478,37576,03073,876
Common stock68686868686867
Treasury stock, value(13,660)(11,584)(10,184)(8,805)(7,309)(7,300)(7,026)
Additional paid in capital31,35031,20131,07830,91630,71930,53229,359
Deferred compensation equity(157)(118)(39)(200)(540)(578)(580)
Accumulated other comprehensive income9782,1481,3311297911,3822,843
Retained earnings70,59165,48861,95059,14556,18153,54650,919
Other undisclosed stockholders' equity attributable to parent(1,194)(1,279)(1,364)(1,449)(1,535)(1,620)(1,706)
Total stockholders' equity:87,97685,92482,84079,80478,37576,03073,876
TOTAL LIABILITIES AND EQUITY:713,739686,200610,869545,708518,977489,174473,385

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues25,20625,18024,33423,40121,21919,43019,316
Net investment income24,65924,33624,26721,53619,40817,51817,587
Cost of revenue(650)(1,625)(900)(390)(510)(1,125)(400)
Provision for loan, lease, and other losses(650)(1,625)(900) 
Financial services costs(390)(510)(1,125)(400)
Gross profit:24,55623,55523,43423,01120,70918,30518,916
Operating expenses(6,655)(5,963)(5,642)(13,892)(12,896)(12,457)(11,762)
Other operating income, net
(Noninterest Income, Other Operating Income)
7889907010799106
Operating income:17,97917,68117,8829,1897,9205,9477,260
Nonoperating income
(Bank Owned Life Insurance Income)
416492500392358281272
Interest and debt expense(2,665)(4,404)(5,197)(3,602)(2,630)(2,294)(2,757)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (8,387)(8,443)(1,394)(1,085)356(721)
Income from continuing operations before equity method investments, income taxes:15,7305,3824,7424,5854,5634,2904,054
Other undisclosed loss from continuing operations before income taxes(8,255)      
Income from continuing operations before income taxes:7,4755,3824,7424,5854,5634,2904,054
Income tax expense(1,288)(824)(655)(585)(1,185)(775)(716)
Net income available to common stockholders, diluted:6,1874,5584,0874,0003,3783,5153,338

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:6,1874,5584,0874,0003,3783,5153,338
Other comprehensive income (loss)(1,170)8171,202(818)(591)(1,461)(677)
Comprehensive income, net of tax, attributable to parent:5,0175,3755,2893,1822,7872,0542,661

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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