Lake Shore Bancorp Inc

NASDAQ:LSBK

Lake Shore Bancorp, Inc. operates as a savings and loan holding company for Lake Shore Servings Bank. The company is headquartered in Dunkirk New York, New York and currently employs 104 full-time employees. The company went IPO on 2006-04-04. The Bank consists of attracting retail deposits from the general public in the areas surrounding its branch offices and investing those deposits, together with funds generated from operations, primarily in commercial real estate loans, one-to four-family residential mortgage loans, home equity lines of credit and, to a lesser extent, commercial business loans, consumer loans, and investment securities. Its primary sources of funds for lending and investments are deposits, borrowings, receipts of principal and interest payments on loans and securities, proceeds from sales of loans or securities, and maturities and calls of investment securities. The company has branches in Dunkirk, Fredonia, Jamestown, Westfield, Depew, East Amherst, Hamburg, Kenmore, Orchard Park and Snyder. The firm operates through approximately 11 branches officed in New York.