Lake shore bancorp, inc. (LSBK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest Income
Loans, including fees

5,674

5,696

5,653

5,168

4,855

4,843

4,663

4,445

4,372

4,234

4,289

4,105

4,062

3,706

3,681

3,602

3,514

3,484

3,474

3,424

3,370

3,363

3,307

3,365

3,305

3,446

3,426

3,456

3,479

3,479

3,450

3,553

3,597

3,684

3,657

3,580

3,505

3,415

3,513

Investment securities, taxable

262

275

278

283

302

297

267

256

230

203

189

198

210

222

237

259

383

412

435

449

493

519

552

630

702

733

696

676

699

778

875

972

1,010

1,054

1,086

1,137

1,144

1,173

1,176

Investment securities, tax-exempt

289

306

328

364

390

398

403

397

393

389

388

423

448

449

449

451

451

451

513

530

530

530

530

529

530

526

499

484

480

479

480

479

469

461

460

498

467

340

302

Other

66

57

60

137

115

133

157

169

113

103

81

48

38

33

30

35

16

6

5

5

6

7

6

3

1

1

5

5

3

6

10

9

4

3

9

6

14

18

13

Total Interest Income

6,291

6,334

6,319

5,952

5,662

5,671

5,490

5,267

5,108

4,929

4,947

4,774

4,758

4,410

4,397

4,347

4,364

4,353

4,427

4,408

4,399

4,419

4,395

4,527

4,538

4,706

4,626

4,621

4,661

4,742

4,815

5,013

5,080

5,202

5,212

5,221

5,130

4,946

5,004

Interest Expense
Deposits

1,201

1,242

1,173

1,104

972

876

783

701

617

581

523

499

477

457

449

456

468

486

538

593

663

713

724

748

757

777

797

806

810

867

995

1,036

1,081

1,101

1,124

1,147

1,212

1,197

1,180

Short-term borrowings

-

-

33

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

8

12

10

12

13

13

13

14

13

10

5

4

8

7

3

4

Long-term debt

176

178

142

134

133

135

134

140

139

140

139

97

92

93

93

91

96

95

99

98

99

102

102

48

32

49

50

52

63

94

107

117

147

202

229

230

256

375

377

Other

18

18

18

18

19

0

38

19

20

20

20

21

21

22

23

23

23

12

25

25

24

26

25

26

25

25

27

26

26

28

27

27

27

28

27

28

28

29

28

Total Interest Expense

1,395

1,438

1,366

1,269

1,124

1,011

955

860

776

741

682

617

590

572

565

570

587

593

662

716

786

841

851

830

826

861

886

897

912

1,002

1,143

1,193

1,265

1,336

1,384

1,413

1,503

1,604

1,589

Net Interest Income

4,896

4,896

4,953

4,683

4,538

4,660

4,535

4,407

4,332

4,188

4,265

4,157

4,168

3,838

3,832

3,777

3,777

3,760

3,765

3,692

3,613

3,578

3,544

3,697

3,712

3,845

3,740

3,724

3,749

3,740

3,672

3,820

3,815

3,866

3,828

3,808

3,627

3,342

3,415

Provision for Loan Losses

500

175

300

350

75

75

125

115

75

60

75

25

350

815

125

55

130

160

30

185

25

-

70

-

-

0

60

0

45

386

220

85

-35

120

10

265

20

1,725

200

Net Interest Income after Provision for Loan Losses

4,396

4,721

4,653

4,333

4,463

4,585

4,410

4,292

4,257

4,128

4,190

4,132

3,818

3,023

3,707

3,722

3,647

3,600

3,735

3,507

3,588

3,426

3,474

3,697

3,712

3,845

3,680

3,724

3,704

3,354

3,452

3,735

3,850

3,746

3,818

3,543

3,607

1,617

3,215

Non-Interest Income
Service charges and fees

450

473

473

451

421

482

457

463

451

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges and fees

-

-

-

-

-

-

-

-

-

-

441

465

447

465

461

431

434

448

406

399

379

408

396

410

396

433

421

420

393

436

414

429

419

427

433

427

421

466

492

Earnings on bank owned life insurance

122

130

128

123

119

119

103

86

84

90

91

90

87

74

70

70

67

68

68

69

67

69

65

64

61

68

66

71

78

66

62

61

59

63

65

66

63

75

68

Unrealized (loss) gain on equity securities

-36

-14

22

-1

36

-7

-5

6

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate swap

-157

29

-15

-61

-33

-

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recovery on previously impaired investment securities

16

15

13

13

13

21

34

68

22

39

25

32

39

35

39

33

35

37

48

43

32

39

35

18

83

-

-

-

-

-

-

-

-

0

0

0

57

0

-

Gain on sale of securities available for sale

-

-

-

-

-

-

-

-

-

-

22

197

25

0

0

0

1,636

-

440

-

-

0

0

157

-98

-

206

-

-

-

-

-

-

-

0

31

-

1,057

-

Net gain on sale of loans

37

-

27

2

-

2

4

4

2

4

1

2

7

4

56

46

15

24

28

21

24

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other-than-temporary impairment (OTTI) losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

613

-

-

-

-

566

-

-

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

433

-

-

-

-

-509

-

-

0

-

-

-

-

Net OTTI losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

180

-

-

-

-

57

-

-

0

0

-

-

-

Other

23

17

21

19

33

44

20

30

23

24

37

21

25

21

32

23

23

21

38

15

32

12

30

21

38

17

28

24

44

25

30

24

43

23

30

21

39

34

21

Total Non-Interest Income

455

688

669

546

589

598

629

657

590

601

617

807

630

599

658

603

2,210

598

1,028

547

534

554

531

670

480

521

541

515

515

546

506

457

521

13

528

545

580

1,632

581

Non-Interest Expenses
Salaries and employee benefits

2,216

2,265

2,111

2,137

2,261

2,197

2,083

2,034

2,065

2,017

1,898

1,822

1,890

1,859

1,803

1,795

1,790

1,728

1,663

1,684

1,803

1,675

1,682

1,591

1,663

1,538

1,524

1,578

1,562

1,469

1,524

1,539

1,537

1,513

1,444

1,391

1,547

1,505

1,516

Occupancy and equipment

641

622

632

599

624

615

587

561

587

546

565

565

610

591

549

577

581

571

561

565

571

529

531

558

559

520

520

497

492

427

437

448

442

433

449

434

461

418

422

Data processing

332

329

346

338

338

328

337

335

328

321

320

310

307

305

289

261

265

256

264

252

250

222

202

194

183

174

163

160

157

154

161

153

152

154

144

143

139

147

135

Professional services

215

123

239

262

234

265

237

255

224

169

231

245

227

215

257

257

270

203

235

258

245

207

298

343

315

188

333

396

350

268

338

352

316

252

274

304

273

260

280

Advertising

173

188

168

194

158

133

151

169

153

157

127

145

167

153

81

189

113

61

92

103

106

76

85

169

99

83

93

173

91

101

82

81

172

-29

129

130

123

82

112

Postage and supplies

76

67

58

58

65

59

71

54

64

60

53

81

63

78

69

56

54

90

74

68

59

50

61

66

67

53

55

62

75

69

62

56

61

68

54

58

75

62

70

FDIC insurance

2

2

1

34

36

35

40

36

38

38

38

37

36

6

68

59

65

69

75

73

71

72

70

70

71

69

64

66

64

70

57

56

66

55

15

127

122

130

130

Other

343

455

364

325

287

424

331

338

299

360

381

297

277

359

304

297

264

272

300

259

202

273

279

278

281

334

261

327

312

268

213

359

321

248

269

246

262

232

277

Total Non-Interest Expenses

3,998

4,051

3,919

3,947

4,003

4,056

3,837

3,782

3,758

3,668

3,613

3,502

3,577

3,566

3,420

3,491

3,402

3,250

3,264

3,262

3,307

3,104

3,208

3,269

3,238

2,959

3,013

3,259

3,103

2,826

2,874

3,044

3,067

2,694

2,778

2,833

3,002

2,836

2,942

Income before Income Taxes

853

1,358

1,403

932

1,049

1,127

1,202

1,167

1,089

1,061

1,194

1,437

871

56

945

834

2,455

948

1,499

792

815

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

797

1,098

954

-

1,208

980

1,116

1,074

1,084

1,148

1,304

1,065

1,568

1,255

1,185

413

854

Income Tax Expense

122

186

191

127

151

127

144

161

153

481

254

295

155

-84

188

170

501

114

263

93

246

80

109

199

179

356

222

180

210

213

221

253

297

478

412

268

235

-365

205

Net Income

731

1,172

1,212

805

898

1,000

1,058

1,006

936

580

940

1,142

716

140

757

664

1,954

834

1,236

699

569

796

688

899

775

1,051

986

800

906

861

863

895

1,007

587

1,156

987

950

778

649

Basic and diluted earnings per common share

0.12

-

0.20

-

0.15

-

0.17

-

0.15

-

0.15

-

0.12

0.01

0.13

0.11

0.33

-

0.21

-

0.10

-

0.12

-

0.14

-

0.17

-

-

-

0.15

0.16

0.18

-

0.20

0.17

0.17

0.13

0.11

Earnings per share: Basic

-

-

-

0.13

-

-

-

0.17

-

-

-

0.19

-

-

-

-

-

-

-

0.12

-

-

-

0.16

-

-

-

0.14

0.16

-

-

-

-

-

-

-

-

-

-

Earnings per share: Diluted

-

-

-

0.13

-

-

-

0.16

-

-

-

0.19

-

-

-

-

0.33

-

-

0.12

-

-

-

0.16

-

-

-

0.14

0.16

-

-

-

-

-

-

-

-

-

-

Dividends declared per share

0.12

0.12

0.12

0.12

0.12

0.10

0.10

0.10

0.10

0.08

0.08

0.08

0.08

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.04

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.06

0.06