18.65
-1.06%
Close of 9 Nov 2026, in USD
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About Lake Shore Bancorp
From its filings with the US Securities and Exchange Commission
Lake Shore Bancorp is based in Dunkirk, New York and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker LSBK. The SEC classifies its business as savings institution, federally chartered. In the fiscal year to 31 December 2025, it reported net income of $7.3m. At that date it held total assets of $727.3m and shareholders' equity of $141.6m.
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.
The Company is the successor corporation to Lake Shore Bancorp, Inc. (“Lake Shore Federal Bancorp”), the former federally chartered mid-tier stock holding company, which was formed in connection with the conversion of Lake Shore Savings Bank into the mutual holding company form of organization in April 2006, which in turn was a subsidiary of the MHC, which owned a majority of Lake Shore Federal Bancorp’s outstanding common stock.
The Company is regulated by the Federal Reserve Board. The Company owns all of the issued and outstanding capital stock of Lake Shore Bank.
Bank is subject to the supervision and regulation of New York Department of Financial Services ("NYSDFS") and the Federal Deposit Insurance Corporation (the "FDIC").
Quoted from its 10-K, filed 17 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Thrifts & Mortgage Finance
- Listed since
- 4 Apr 2006
- Employees
- 110
- Website
- lakeshoresavings.com ↗
- Head office
- 31 EAST FOURTH STREET, DUNKIRK, NY, 14048
- Incorporated in
- MD
- Classification
- Savings Institution, Federally Chartered
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Kevin SanvidgeNon-Executive Independent Chairman of the Board, since 2012$85,811
- Mr. Kim LiddellPresident, Chief Executive Officer, Director, since 2023$1.1m
- Ms. Sharon BrautigamVice Chairperson of the Board, since 2004$52,404
- Mr. Taylor GildenChief Financial Officer and Treasurer$433,729
- Mr. Jeffrey WerdeinExecutive Vice President - Commercial Division$454,197
- Ms. Michelle DebergalisIndependent Director$36,979
- Mr. John McgrathIndependent Director$92,647
- Mr. Jack MehltretterIndependent Director$128,059
- Mr. Ronald PassafaroIndependent Director$97,819
- Ms. Ann SegarraIndependent Director$41,200
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Operates as a mid-tier, federally chartered savings and loan holding company
- Headquartered in Dunkirk, New York with 110 employees
- Provides all-in-one home equity lines of credit to customers
Weaknesses
- No specific weaknesses mentioned in the provided information
- Limited to operating in Chautauqua and Erie Counties, New York
- No mention of digital or online banking services
Opportunities
- Expansion into new geographic markets beyond current counties
- Growth in real estate loan portfolio including residential and commercial loans
- Potential to increase consumer loan offerings beyond current scope
Threats
- Competition from larger financial institutions in the region
- Economic downturns affecting real estate and loan markets
- Regulatory changes impacting savings and loan operations
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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