Lake Shore Bancorp, Inc. (LSBK)

Lake Shore Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	34.8	30.01	24.51	22.75	22.07
Interest Income on Investments	-	3.75	2.25	1.91	2.27
Total Interest Income	34.8	33.76	26.75	24.66	24.34
Interest Paid on Deposits	13.74	8.07	1.82	2.09	3.67
Interest Paid on Borrowings	-	1.33	0.6	0.57	0.74
Total Interest Expense	13.74	9.4	2.42	2.67	4.4
Net Interest Income	21.06	24.36	24.34	21.99	19.93
Net Interest Income Growth (YoY)	-13.53%	0.08%	10.66%	10.35%	4.52%
Gain (Loss) on Sale of Investments	-	-0.05	0.02	0.03	0.06
Other Non-Interest Income	3.3	2.69	2.71	2.62	2.09
Total Non-Interest Income	3.3	2.64	2.7	3.19	2.99
Non-Interest Income Growth (YoY)	25.39%	-2.55%	-15.18%	6.55%	20.06%
Revenues Before Loan Losses	24.37	26.99	27.04	25.18	22.92
Provision for Loan Losses	-1.48	-1.04	0.73	0.65	1.63
Revenue	25.85	28.04	26.32	24.53	21.3
Revenue Growth (YoY)	-7.81%	6.53%	7.28%	15.18%	3.08%
Salaries and Employee Benefits	-	11.15	9.52	8.63	8.31
Occupancy Expenses	-	2.76	2.9	2.69	2.45
Federal Deposit Insurance	-	1.11	0.27	0.18	0.12
Selling, General & Administrative	-	5.33	5	4.34	3.84
Other Non-Interest Expense	19.98	1.47	1.76	1.22	1.2
Total Non-Interest Expense	19.98	21.82	19.45	17.06	15.92
EBT Excluding Unusual Items	5.87	6.22	6.87	7.48	5.38
Pretax Income	5.87	6.22	6.87	7.48	5.38
Income Tax Expense	0.94	1.4	1.16	1.29	0.82
Net Income	4.93	4.82	5.71	6.19	4.56
Net Income to Common	4.93	4.82	5.71	6.19	4.56
Net Income Growth	2.30%	-15.56%	-7.74%	35.74%	11.52%
Basic Shares Outstanding	6	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6
Shares Change (YoY)	-4.31%	-0.41%	-0.14%	-1.13%	-0.78%
EPS (Basic)	0.88	0.82	0.97	1.05	0.77
EPS (Diluted)	0.88	0.82	0.97	1.05	0.77
EPS Growth	7.32%	-15.46%	-7.62%	37.19%	12.55%
Dividend Per Share	0.720	-	0.520	0.570	0.500
Dividend Growth	-	-	-8.77%	14.00%	4.17%
Effective Tax Rate	15.94%	22.50%	16.91%	17.23%	15.31%

Source: S&P Capital IQ. Banks template. Financial Sources.