Welcome to our dedicated page for Lake Shore Bncop SEC filings (Ticker: LSBK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Lake Shore Bancorp, Inc. filings document the company's public-company disclosures as the Maryland holding company for Lake Shore Bank. Current reports record quarterly and annual financial results, cash dividend declarations, share repurchase authorization disclosures, and material agreements affecting governance and board composition.
Proxy materials cover annual meeting matters, director elections, executive compensation and shareholder voting procedures. The filing record also reflects the company's capital structure and corporate-status history following the completed mutual-to-stock conversion and the Bank's conversion to a New York chartered commercial bank.
Lake Shore Bancorp, Inc. reported the results of its Annual Meeting of Shareholders held on May 20, 2026. Shareholders elected three Class Three directors—Michelle M. DeBergalis, Jack L. Mehltretter and Dennis S. Pollack—to terms expiring in 2029, each receiving over 4.3 million votes in favor.
Investors approved, on an advisory basis, the compensation of the company’s named executive officers, with about 3.99 million votes for and 0.49 million against. Shareholders also chose to hold the advisory vote on executive compensation every one year, strongly favoring the annual option.
In addition, shareholders ratified the appointment of Yount, Hyde & Barbour, P.C. as independent registered public accounting firm for the year ending December 31, 2026, with nearly 5.9 million votes in favor. The company plans to continue including an annual say-on-pay advisory vote in future proxy materials until the next required frequency vote.
Lake Shore Bancorp, Inc. released an investor presentation for its annual shareholders’ meeting, outlining recent performance and strategic positioning. The company reported first quarter 2026 net income of $1.9 million, or $0.26 per diluted share, with a return on average assets of 1.07%.
Net interest margin was 4.02%, up 17 basis points from the prior quarter, supported by higher asset yields and lower deposit costs. Total deposits were $567 million and gross loans were $559 million, producing a loan-to-deposit ratio of 98.6%.
Asset quality metrics remained strong, with non-performing assets at 0.22% of total assets and net charge-offs at 0.01% of average loans. Capital levels were high, including a consolidated tangible common equity to tangible assets ratio of 19.7% and a bank-level Tier 1 leverage ratio of 17.5%, reflecting proceeds from the 2025 mutual-to-stock conversion.
Lake Shore Bancorp Inc ownership update: AllianceBernstein L.P. reports beneficial ownership of 448,959 shares, representing 5.7%, held for client discretionary investment accounts. The filing states AllianceBernstein has sole voting and sole dispositive power over these shares. The filing is signed 05/15/2026.
Lake Shore Bancorp, Inc. reported stronger results for the quarter ended March 31, 2026. Net income rose to $1.9 million from $1.1 million a year earlier, and basic and diluted earnings per share increased to $0.26 from $0.14.
Net interest income improved to $6.7 million from $5.5 million, while the provision for credit losses moved to a small benefit of $113,000 from an expense of $48,000. Non-interest income was broadly stable and non-interest expenses rose modestly to $5.1 million.
Total assets were $722.0 million, with loans receivable, net, at $553.9 million and deposits at $566.6 million. Asset quality remained stable, with non-accrual loans of $1.6 million and an allowance for credit losses on loans of $4.8 million. The board declared a quarterly cash dividend of $0.09 per share payable in May 2026.
Lake Shore Bancorp EVP Jeffrey M. Werdein reported routine equity activity tied to compensation rather than market trading. On April 23, 2026, 302 shares of common stock were withheld at $15.85 per share to cover a tax liability upon vesting of restricted stock, a non-market disposition.
After this tax withholding, Werdein directly held 54,255 common shares and maintained indirect holdings of 1,056 shares by son, 2,000 by spouse, 7,782 via an Employee Stock Ownership Plan allocation, and 20,000 via an IRA. His equity exposure also includes a fully vested stock option covering 23,132 underlying common shares at an exercise price of $10.62 per share, expiring on October 21, 2026.
In addition, his position includes unvested restricted stock awards: 3,025 shares granted March 18, 2026 vesting in four annual installments, 3,063 remaining shares from a March 12, 2025 grant, and 1,717 remaining shares from an April 23, 2024 grant after 858 shares vested on April 23, 2026.
Lake Shore Bancorp, Inc. insider Kim C. Liddell, described as Director, President and CEO of the bank, reported updated holdings of the company’s common stock. On April 23, 2026, 631 shares were withheld to cover a tax liability upon vesting of restricted stock at a market price of $15.85 per share.
After this tax-withholding disposition, Liddell directly held 70,367 common shares, which include several tranches of unvested restricted stock. Indirect holdings consist of 1,949 shares through an ESOP allocation, 41,661 shares in an IRA, and 10,000 shares held by a spouse.
Lake Shore Bancorp, Inc. reported that its Board of Directors declared a cash dividend of $0.09 per share on outstanding common stock on April 22, 2026. The dividend is expected to be paid on May 13, 2026 to shareholders of record as of May 4, 2026.
The company describes itself as the holding company for Lake Shore Bank, a community-oriented financial institution with ten full-service branches in Western New York offering a range of retail and commercial banking services.
Lake Shore Bancorp, Inc. reported substantially stronger results for the first quarter of 2026, with unaudited net income of $1.9 million, or $0.26 per diluted share, up from $1.1 million, or $0.14 per share, a year earlier.
Performance benefited mainly from higher net interest income, which rose 21.9% year over year to $6.66 million as funding costs declined and net interest margin expanded to 4.02% from 3.49%. The efficiency ratio improved to 69.58% from 78.82%, while return on average assets increased to 1.07% from 0.62%.
Asset quality and capital remained strong. Non-performing assets were 0.22% of total assets, and the allowance for credit losses on loans covered more than three times non-performing loans. Total assets were $722.0 million and stockholders’ equity was $142.4 million at March 31, 2026.
Lake Shore Bancorp, Inc. is asking shareholders to vote at its May 20, 2026 annual meeting on four main items: electing three Class Three directors through 2029, approving an advisory “say on pay” vote for named executive officer compensation, choosing how often future say-on-pay votes occur, and ratifying Yount, Hyde & Barbour, P.C. as independent auditor for 2026. The Board unanimously recommends voting for all proposals and for an annual say-on-pay frequency. The proxy details governance practices, director independence, committee structure and director pay, as well as 2025 executive compensation, including total pay of $1,152,747 for President and CEO Kim C. Liddell, which combines salary, restricted stock and performance-based incentives. It also outlines ownership, including significant stakes held by the ESOP and institutional investors, and explains how shareholders can vote by internet, telephone, mail or in person and how they may submit director nominees or communicate with the Board.