Lake shore bancorp, inc. (LSBK)
Income statement / TTM
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

22,191

21,372

20,519

19,529

18,806

18,323

17,714

17,340

17,000

16,690

16,162

15,554

15,051

14,503

14,281

14,074

13,896

13,752

13,631

13,464

13,405

13,340

13,423

13,542

13,633

13,807

13,840

13,864

13,961

14,079

14,284

14,491

14,518

14,426

14,157

14,013

0

0

0

Investment securities, taxable

1,098

1,138

1,160

1,149

1,122

1,050

956

878

820

800

819

867

928

1,101

1,291

1,489

1,679

1,789

1,896

2,013

2,194

2,403

2,617

2,761

2,807

2,804

2,849

3,028

3,324

3,635

3,911

4,122

4,287

4,421

4,540

4,630

0

0

0

Investment securities, tax-exempt

1,287

1,388

1,480

1,555

1,588

1,591

1,582

1,567

1,593

1,648

1,708

1,769

1,797

1,800

1,802

1,866

1,945

2,024

2,103

2,120

2,119

2,119

2,115

2,084

2,039

1,989

1,942

1,923

1,918

1,907

1,889

1,869

1,888

1,886

1,765

1,607

0

0

0

Other

320

369

445

542

574

572

542

466

345

270

200

149

136

114

87

62

32

22

23

24

22

17

11

10

12

14

19

24

28

29

26

25

22

32

47

51

0

0

0

Total Interest Income

24,896

24,267

23,604

22,775

22,090

21,536

20,794

20,251

19,758

19,408

18,889

18,339

17,912

17,518

17,461

17,491

17,552

17,587

17,653

17,621

17,740

17,879

18,166

18,397

18,491

18,614

18,650

18,839

19,231

19,650

20,110

20,507

20,715

20,765

20,509

20,301

0

0

0

Interest Expense
Deposits

4,720

4,491

4,125

3,735

3,332

2,977

2,682

2,422

2,220

2,080

1,956

1,882

1,839

1,830

1,859

1,948

2,085

2,280

2,507

2,693

2,848

2,942

3,006

3,079

3,137

3,190

3,280

3,478

3,708

3,979

4,213

4,342

4,453

4,584

4,680

4,736

0

0

0

Short-term borrowings

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

30

42

47

48

51

53

53

50

42

32

27

24

22

22

0

0

0

Long-term debt

630

587

544

536

542

548

553

558

515

468

421

375

369

373

375

381

388

391

398

401

351

284

231

179

183

214

259

316

381

465

573

695

808

917

1,090

1,238

0

0

0

Other

72

73

55

75

76

77

97

79

81

82

84

87

89

91

81

83

85

86

100

100

101

102

101

103

103

104

107

107

108

109

109

109

110

111

112

113

0

0

0

Total Interest Expense

5,468

5,197

4,770

4,359

3,950

3,602

3,332

3,059

2,816

2,630

2,461

2,344

2,297

2,294

2,315

2,412

2,558

2,757

3,005

3,194

3,308

3,348

3,368

3,403

3,470

3,556

3,697

3,954

4,250

4,603

4,937

5,178

5,398

5,636

5,904

6,109

0

0

0

Net Interest Income

19,428

19,070

18,834

18,416

18,140

17,934

17,462

17,192

16,942

16,778

16,428

15,995

15,615

15,224

15,146

15,079

14,994

14,830

14,648

14,427

14,432

14,531

14,798

14,994

15,021

15,058

14,953

14,885

14,981

15,047

15,173

15,329

15,317

15,129

14,605

14,192

0

0

0

Provision for Loan Losses

1,325

900

800

625

390

390

375

325

235

510

1,265

1,315

1,345

1,125

470

375

505

400

310

0

0

-

0

-

-

105

491

651

736

656

390

180

360

415

2,020

2,210

0

0

0

Net Interest Income after Provision for Loan Losses

18,103

18,170

18,034

17,791

17,750

17,544

17,087

16,867

16,707

16,268

15,163

14,680

14,270

14,099

14,676

14,704

14,489

14,430

14,256

13,995

14,185

14,309

14,728

14,934

14,961

14,953

14,462

14,234

14,245

14,391

14,783

15,149

14,957

14,714

12,585

11,982

0

0

0

Non-Interest Income
Service charges and fees

1,847

1,818

1,827

1,811

1,823

1,853

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges and fees

-

-

-

-

-

-

-

-

-

-

1,818

1,838

1,804

1,791

1,774

1,719

1,687

1,632

1,592

1,582

1,593

1,610

1,635

1,660

1,670

1,667

1,670

1,663

1,672

1,698

1,689

1,708

1,706

1,708

1,747

1,806

0

0

0

Earnings on bank owned life insurance

503

500

489

464

427

392

363

351

355

358

342

321

301

281

275

273

272

272

273

270

265

259

258

259

266

283

281

277

267

248

245

248

253

257

269

272

0

0

0

Unrealized (loss) gain on equity securities

-29

43

50

23

30

2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate swap

-204

-80

-93

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recovery on previously impaired investment securities

57

54

60

81

136

145

163

154

118

135

131

145

146

142

144

153

163

160

162

149

124

175

0

0

0

-

-

-

-

-

-

-

-

57

57

0

0

0

-

Gain on sale of securities available for sale

-

-

-

-

-

-

-

-

-

-

244

222

25

1,636

2,076

0

0

-

0

-

-

59

265

0

0

-

0

-

-

-

-

-

-

-

0

0

-

0

-

Net gain on sale of loans

0

-

0

0

-

12

14

11

9

14

14

69

113

121

141

113

88

97

78

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other-than-temporary impairment (OTTI) losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

-

-

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

-

-

0

-

-

-

-

Net OTTI losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

-

-

0

0

-

-

-

Other

80

90

117

116

127

117

97

114

105

107

104

99

101

99

99

105

97

106

97

89

95

101

106

104

107

113

121

123

123

122

120

120

117

113

124

115

0

0

0

Total Non-Interest Income

2,358

2,492

2,402

2,362

2,473

2,474

2,477

2,465

2,615

2,655

2,653

2,694

2,490

4,070

4,069

4,439

4,383

2,707

2,663

2,166

2,289

2,235

2,202

2,212

2,057

2,092

2,117

2,082

2,024

2,030

1,497

1,519

1,607

1,666

3,285

3,338

0

0

0

Non-Interest Expenses
Salaries and employee benefits

8,729

8,774

8,706

8,678

8,575

8,379

8,199

8,014

7,802

7,627

7,469

7,374

7,347

7,247

7,116

6,976

6,865

6,878

6,825

6,844

6,751

6,611

6,474

6,316

6,303

6,202

6,133

6,133

6,094

6,069

6,113

6,033

5,885

5,895

5,887

5,959

0

0

0

Occupancy and equipment

2,494

2,477

2,470

2,425

2,387

2,350

2,281

2,259

2,263

2,286

2,331

2,315

2,327

2,298

2,278

2,290

2,278

2,268

2,226

2,196

2,189

2,177

2,168

2,157

2,096

2,029

1,936

1,853

1,804

1,754

1,760

1,772

1,758

1,777

1,762

1,735

0

0

0

Data processing

1,345

1,351

1,350

1,341

1,338

1,328

1,321

1,304

1,279

1,258

1,242

1,211

1,162

1,120

1,071

1,046

1,037

1,022

988

926

868

801

753

714

680

654

634

632

625

620

620

603

593

580

573

564

0

0

0

Professional services

839

858

1,000

998

991

981

885

879

869

872

918

944

956

999

987

965

966

941

945

1,008

1,093

1,163

1,144

1,179

1,232

1,267

1,347

1,352

1,308

1,274

1,258

1,194

1,146

1,103

1,111

1,117

0

0

0

Advertising

723

708

653

636

611

606

630

606

582

596

592

546

590

536

444

455

369

362

377

370

436

429

436

444

448

440

458

447

355

436

306

353

402

353

464

447

0

0

0

Postage and supplies

259

248

240

253

249

248

249

231

258

257

275

291

266

257

269

274

286

291

251

238

236

244

247

241

237

245

261

268

262

248

247

239

241

255

249

265

0

0

0

FDIC insurance

39

73

106

145

147

149

152

150

151

149

117

147

169

198

261

268

282

288

291

286

283

283

280

274

270

263

264

257

247

249

234

192

263

319

394

509

0

0

0

Other

1,487

1,431

1,400

1,367

1,380

1,392

1,328

1,378

1,337

1,315

1,314

1,237

1,237

1,224

1,137

1,133

1,095

1,033

1,034

1,013

1,032

1,111

1,172

1,154

1,203

1,234

1,168

1,120

1,152

1,161

1,141

1,197

1,084

1,025

1,009

1,017

0

0

0

Total Non-Interest Expenses

15,915

15,920

15,925

15,843

15,678

15,433

15,045

14,821

14,541

14,360

14,258

14,065

14,054

13,879

13,563

13,407

13,178

13,083

12,937

12,881

12,888

12,819

12,674

12,479

12,469

12,334

12,201

12,062

11,847

11,811

11,679

11,583

11,372

11,307

11,449

11,613

0

0

0

Income before Income Taxes

4,546

4,742

4,511

4,310

4,545

4,585

4,519

4,511

4,781

4,563

3,558

3,309

2,706

4,290

5,182

5,736

5,694

4,054

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

4,378

4,254

4,422

4,610

4,601

5,085

5,192

5,073

4,421

3,707

0

0

0

Income Tax Expense

626

655

596

549

583

585

939

1,049

1,183

1,185

620

554

429

775

973

1,048

971

716

682

528

634

567

843

956

937

968

825

824

897

984

1,249

1,440

1,455

1,393

550

343

0

0

0

Net Income

3,920

4,087

3,915

3,761

3,962

4,000

3,580

3,462

3,598

3,378

2,938

2,755

2,277

3,515

4,209

4,688

4,723

3,338

3,300

2,752

2,952

3,158

3,413

3,711

3,612

3,743

3,553

3,430

3,525

3,626

3,352

3,645

3,737

3,680

3,871

3,364

0

0

0

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