Lake shore bancorp, inc. (LSBK)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest Income
Loans, including fees

21,372

18,323

16,690

14,503

13,752

13,340

13,807

14,079

14,426

13,948

14,058

Investment securities, taxable

1,138

1,050

800

1,101

1,789

2,403

2,804

3,635

4,421

4,599

4,720

Investment securities, tax-exempt

1,388

1,591

1,648

1,800

2,024

2,119

1,989

1,907

1,886

1,323

813

Other

369

572

270

114

22

17

14

29

32

56

102

Total Interest Income

24,267

21,536

19,408

17,518

17,587

17,879

18,614

19,650

20,765

19,926

19,693

Interest Expense
Deposits

4,491

2,977

2,080

1,830

2,280

2,942

3,190

3,979

4,584

4,774

6,045

Short-term borrowings

46

-

-

-

-

20

48

50

24

18

47

Long-term debt

587

548

468

373

391

284

214

465

917

1,410

1,721

Other

73

77

82

91

86

102

104

109

111

114

116

Total Interest Expense

5,197

3,602

2,630

2,294

2,757

3,348

3,556

4,603

5,636

6,316

7,929

Net Interest Income

19,070

17,934

16,778

15,224

14,830

14,531

15,058

15,047

15,129

13,610

11,764

Provision for Loan Losses

900

390

510

1,125

400

222

105

656

415

2,115

265

Net Interest Income after Provision for Loan Losses

18,170

17,544

16,268

14,099

14,430

14,309

14,953

14,391

14,714

11,495

11,499

Non-Interest Income
Service charges and fees

1,818

1,853

1,797

-

-

-

-

-

-

-

-

Service charges and fees

-

-

-

1,791

1,632

1,610

1,667

1,698

1,708

1,868

2,001

Earnings on bank owned life insurance

500

392

358

281

272

259

283

248

257

277

276

Unrealized (loss) gain on equity securities

43

2

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate swap

-80

-47

-

-

-

-

-

-

-

-

-

Recovery on previously impaired investment securities

54

145

135

142

160

175

3

-

57

142

-

Gain on sale of securities available for sale

-

-

244

-

-

-

-

-

-

-

-

Gain on sale of securities available for sale

-

-

-

1,636

440

59

206

64

31

1,057

-

Net gain on sale of loans

67

12

14

121

97

31

-

-

-

-

32

Total other-than-temporary impairment (OTTI) losses

-

-

-

-

-

-

613

583

-

-

-

Portion of OTTI losses recognized in other comprehensive income (loss) (before taxes)

-

-

-

-

-

-

-433

-481

-

-

-

Net OTTI losses recognized in earnings

-

-

-

-

-

-

180

102

-

-

-

Impairment of equity investment in unconsolidated entity

-

-

-

-

-

-

-

-

500

-

-

Other

90

117

107

99

106

101

113

122

113

110

106

Total Non-Interest Income

2,492

2,474

2,655

4,070

2,707

2,235

2,092

2,030

1,666

3,454

2,415

Non-Interest Expenses
Salaries and employee benefits

8,774

8,379

7,627

7,247

6,878

6,611

6,202

6,069

5,895

6,100

5,493

Occupancy and equipment

2,477

2,350

2,286

2,298

2,268

2,177

2,029

1,754

1,777

1,650

1,403

Data processing

1,351

1,328

1,258

1,120

1,022

801

654

620

580

562

513

Professional services

858

981

872

999

941

1,163

1,267

1,274

1,103

1,092

1,228

Advertising

708

606

596

536

362

429

440

436

353

419

360

Postage and supplies

248

248

257

257

291

244

245

248

255

273

267

FDIC insurance

73

149

149

198

288

283

263

249

319

502

675

Other

1,431

1,392

1,315

1,224

1,033

1,111

1,234

1,161

1,025

935

1,096

Total Non-Interest Expenses

15,920

15,433

14,360

13,879

13,083

12,819

12,334

11,811

11,307

11,533

11,035

Income before Income Taxes

4,742

4,585

4,563

4,290

4,054

3,725

4,711

-

-

-

-

Income before Income Taxes

-

-

-

-

-

-

-

4,610

5,073

3,416

2,879

Income Tax Expense

655

585

1,185

775

716

567

968

984

1,393

373

718

Net Income

4,087

4,000

3,378

3,515

3,338

3,158

3,743

3,626

3,680

3,043

2,161

Basic and diluted earnings per common share

0.68

0.66

0.55

0.58

-

-

-

-

-

0.53

0.37

Earnings per share: Basic

-

-

-

-

0.57

0.55

0.66

0.64

0.65

-

-

Earnings per share: Diluted

-

-

-

-

0.56

0.55

0.65

0.64

0.65

-

-

Dividends declared per share

0.48

0.40

0.32

0.28

0.28

0.28

0.28

0.25

0.28

0.24

0.20