Lake Shore Bancorp reported unaudited net income of $2.2 million, or $0.29 per diluted share, for the quarter ended June 30, 2026, up from $1.9 million, or $0.25 per diluted share, in Q2 2025. For the six months ended June 30, 2026 the company recorded net income of $4.1 million, or $0.56 per diluted share, compared with $3.0 million, or $0.39 per diluted share, a year earlier. Results were driven primarily by higher net interest income and an improved net interest margin.
Financial Highlights
- Net income: $2.173 million for Q2 2026; $4.096 million for the six months ended June 30, 2026.
- Earnings per share (basic and diluted): $0.29 for Q2 2026; $0.56 for the six months ended June 30, 2026.
- Net interest income: $6.893 million for Q2 2026; $13.552 million for the six months ended June 30, 2026.
- Net interest margin: 4.06% for Q2 2026; 4.04% for the six months ended June 30, 2026.
- Efficiency ratio: 63.77% for the quarter ended June 30, 2026 (improved from 66.82% year-ago quarter).
Business Highlights
- Balance sheet: Total assets of $736.7 million at June 30, 2026, up from $727.3 million at December 31, 2025.
- Loan and deposit activity: Net loans receivable of $558.3 million and total deposits of $578.2 million at June 30, 2026.
- Liquidity position: Cash and cash equivalents increased to $72.2 million at June 30, 2026 from $64.3 million at year-end 2025.
- Asset quality: Non-performing assets decreased to 0.20% of total assets at June 30, 2026; allowance for credit losses on loans was $4.7 million.
- Capitalization: Bank remained well capitalized with a Tier 1 leverage ratio of 17.43% and total risk-based capital ratio of 24.04% at June 30, 2026.
Original SEC Filing:
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