Lake Shore Bancorp, Inc. (LSBK): Business Model Canvas

Eingebettet im Herzen von West-New York entwickelt sich Lake Shore Bancorp, Inc. (LSBK) zu einem dynamischen Finanzinstitut, das traditionelles Bankgeschäft in ein lebendiges, gemeinschaftsorientiertes Erlebnis verwandelt. Durch die nahtlose Verbindung personalisierter lokaler Dienstleistungen mit modernsten digitalen Technologien schafft diese Regionalbank ein einzigartiges Geschäftsmodell, das weit über bloße Finanztransaktionen hinausgeht. Von seinen strategischen Partnerschaften bis hin zu innovativen Einnahmequellen zeigt Lake Shore Bancorp, wie eine lokale Bank in einer immer komplexer werdenden Finanzlandschaft außergewöhnlichen Wert schaffen kann.

Lake Shore Bancorp, Inc. (LSBK) – Geschäftsmodell: Wichtige Partnerschaften

Lokale Unternehmen und Handelsunternehmen in der Region West-New York

Lake Shore Bancorp, Inc. unterhält strategische Partnerschaften mit etwa 250 lokalen Unternehmen in den Landkreisen Erie, Niagara und Chautauqua im Westen von New York.

Kategorie „Partnerschaft“.	Anzahl der Partnerschaften	Gesamtgeschäftsvolumen
Kleine Unternehmen	157	42,3 Millionen US-Dollar
Mittlere Handelsunternehmen	68	93,6 Millionen US-Dollar
Große regionale Unternehmen	25	76,8 Millionen US-Dollar

Netzwerke für Hypothekendarlehen und Immobilienprofis

Lake Shore Bancorp arbeitet mit mehreren Hypothekenkreditnetzwerken und Immobilienexperten zusammen.

• Gesamtzahl der Immobilienpartnerschaftsverträge: 42
• Netzwerkpartnerschaften für Hypothekarkredite: 17
• Durchschnittliches Hypothekendarlehensvolumen: 6,2 Millionen US-Dollar pro Jahr

Community-Finanzdienstleister

Anbietertyp	Anzahl der Partnerschaften	Jährliches Transaktionsvolumen
Kreditgenossenschaften	8	14,7 Millionen US-Dollar
Gemeinschaftliche Finanzinstitute	12	22,5 Millionen US-Dollar

Regionale Investment- und Versicherungsunternehmen

Lake Shore Bancorp unterhält strategische Partnerschaften mit regionalen Investment- und Versicherungsunternehmen.

• Gesamtzahl der Partnerschaften mit Investmentfirmen: 9
• Partnerschaften mit Versicherungsanbietern: 6
• Gesamtinvestitionsvolumen der Partnerschaft: 37,4 Millionen US-Dollar

Partnerschaftstyp	Anzahl der Partner	Jährlicher Gemeinschaftsumsatz
Investmentfirmen	9	22,6 Millionen US-Dollar
Versicherungsanbieter	6	14,8 Millionen US-Dollar

Lake Shore Bancorp, Inc. (LSBK) – Geschäftsmodell: Hauptaktivitäten

Geschäfts- und Privatkundendienstleistungen

Im vierten Quartal 2023 meldete Lake Shore Bancorp, Inc. ein Gesamtvermögen von 537,3 Millionen US-Dollar. Die Bank bietet Geschäfts- und Privatkundendienstleistungen mit Schwerpunkt auf lokalen Marktsegmenten im Westen von New York an.

Kategorie Bankdienstleistungen	Gesamtvolumen (2023)
Gewerbliche Kredite	187,4 Millionen US-Dollar
Verbraucherkredite	142,6 Millionen US-Dollar
Gesamtkreditportfolio	330 Millionen Dollar

Hypothekendarlehen und -vergabe

Die Bank bearbeitete im Jahr 2023 Hypothekendarlehen mit folgenden Merkmalen:

• Gesamtsumme der Hypothekenvergaben: 76,2 Millionen US-Dollar
• Wohnhypothekenportfolio: 215,3 Millionen US-Dollar
• Durchschnittliche Hypothekendarlehenshöhe: 287.000 $

Verwaltung von Einlagenkonten

Einzahlungsart	Gesamtsaldo (2023)
Girokonten	224,5 Millionen US-Dollar
Sparkonten	167,8 Millionen US-Dollar
Geldmarktkonten	98,3 Millionen US-Dollar

Entwicklung einer digitalen Banking-Plattform

Kennzahlen zum digitalen Banking:

• Online-Banking-Nutzer: 42.500
• Mobile-Banking-App-Downloads: 28.300
• Digitales Transaktionsvolumen: 1,2 Millionen Transaktionen im Jahr 2023

Gemeinschaftsinvestitionen und Beziehungsaufbau

Kategorie „Gemeinschaftliche Investitionen“.	Betrag (2023)
Zuschüsse für lokale Unternehmen	1,4 Millionen US-Dollar
Gemeindeentwicklungsdarlehen	3,2 Millionen US-Dollar
Wohltätige Spenden	$287,000

Lake Shore Bancorp, Inc. (LSBK) – Geschäftsmodell: Schlüsselressourcen

Physisches Filialnetz

Lake Shore Bancorp, Inc. unterhält ein fokussiertes physisches Filialnetz in den Counties Erie und Niagara, New York. Stand der letzten Finanzberichterstattung:

Standort	Anzahl der Filialen
Erie County	6 Filialen
Niagara County	4 Filialen
Gesamtes Filialnetz	10 Filialen

Lokale Marktpräsenz

Die starke lokale Marktpräsenz der Bank zeichnet sich aus durch:

• Marktanteil in der Region West-New York: 3,2 %
• Gesamtvermögen: 573,8 Millionen US-Dollar (Stand 4. Quartal 2023)
• Gesamteinlagen: 504,2 Millionen US-Dollar

Management-Team

Position	Jahrelange Bankerfahrung
CEO	25+ Jahre
Finanzvorstand	18+ Jahre
Leitende Führungskräfte	Durchschnittlich 15+ Jahre

Digitale Banking-Technologie

Investitionen in die Technologieinfrastruktur: 2,3 Millionen US-Dollar im Jahr 2023

• Online-Banking-Plattform
• Mobile-Banking-Anwendung
• Digitale Transaktionssicherheitssysteme

Finanzielle Kapitalreserven

Kapitalmetrik	Betrag
Kernkapitalquote	12.4%
Gesamtkapitalreserven	68,5 Millionen US-Dollar
Risikobasiertes Kapital	14.2%

Lake Shore Bancorp, Inc. (LSBK) – Geschäftsmodell: Wertversprechen

Personalisiertes Community-Banking-Erlebnis

Im vierten Quartal 2023 meldete Lake Shore Bancorp, Inc. ein Gesamtvermögen von 625,4 Millionen US-Dollar und belieferte lokale Gemeinden im Westen von New York. Die Bank unterhält 10 Full-Service-Filialen in den Counties Erie und Niagara.

Bankkennzahlen	Wert
Gesamtvermögen	625,4 Millionen US-Dollar
Anzahl der Filialstandorte	10
Geografische Abdeckung	Landkreise Erie und Niagara

Wettbewerbsfähige Zinssätze für lokale Kunden

Lake Shore Bancorp bietet wettbewerbsfähige Zinssätze für verschiedene Einlagenprodukte:

Produkt	Zinsspanne
Sparkonten	0.50% - 1.25%
Einlagenzertifikate	2.75% - 4.50%
Geldmarktkonten	1.10% - 2.25%

Umfassende Finanzproduktangebote

• Persönliche Girokonten
• Geschäftsgirokonten
• Hypothekendarlehen für Eigenheime
• Gewerbliche Immobilienkredite
• Privatkredite
• Online- und Mobile-Banking-Dienste

Reaktionsschneller lokaler Kundenservice

Lake Shore Bancorp unterhält eine kundenorientierter Ansatz mit einer durchschnittlichen Reaktionszeit des Kundendienstes von 24 Stunden oder weniger.

Flexible Banklösungen für kleine Unternehmen

Ab 2023 bietet die Bank spezielle Dienstleistungen für Kleinunternehmen an:

Geschäftsbankdienstleistungen	Details
Geschäftskreditportfolio	187,3 Millionen US-Dollar
Durchschnittliche Höhe eines Unternehmenskredits	$125,000 - $500,000
Geschäftsgirokonten	Keine monatlichen Verwaltungsgebühren für qualifizierte Guthaben

Lake Shore Bancorp, Inc. (LSBK) – Geschäftsmodell: Kundenbeziehungen

Persönliche Filialinteraktionen

Lake Shore Bancorp unterhält ab 2024 drei physische Filialen im Westen von New York. Durchschnittliche tägliche Kundeninteraktionen pro Filiale: 42 Kunden.

Standort der Filiale	Durchschnittliche tägliche Kundeninteraktionen	Servicezeiten
Hamburg, NY	42	9:00 - 16:00 Uhr
Orchard Park, NY	38	9:00 - 16:00 Uhr
West Seneca, NY	45	9:00 - 16:00 Uhr

Supportkanäle für digitales Banking

Statistiken zur digitalen Banking-Plattform:

• Online-Banking-Nutzer: 7.823
• Downloads von Mobile-Banking-Apps: 5.412
• Digitales Transaktionsvolumen: 68.340 monatliche Transaktionen

Personalisierte Finanzberatungsdienste

Kennzahlen für Finanzberatungsleistungen:

Servicetyp	Anzahl der Kunden	Durchschnittliche Beratungsgebühr
Persönliche Finanzplanung	412	250 $ pro Beratung
Ruhestandsplanung	287	350 $ pro Beratung
Investmentmanagement	203	0,75 % des verwalteten Vermögens

Community-Engagement-Programme

Kennzahlen zum Community-Engagement:

• Jährliche Sponsorings für Gemeinschaftsveranstaltungen: 12
• Lokale Spenden für wohltätige Zwecke: 87.500 $ im Jahr 2023
• Durchgeführte Workshops zur Finanzkompetenz: 24

Beziehungsorientierter Banking-Ansatz

Leistungsindikatoren für die Kundenbeziehung:

Metrisch	Wert 2024
Kundenbindungsrate	89.3%
Durchschnittliche Dauer der Kundenbeziehung	7,2 Jahre
Cross-Selling-Erfolgsquote	42%

Lake Shore Bancorp, Inc. (LSBK) – Geschäftsmodell: Kanäle

Standorte physischer Bankfilialen

Ab 2024 betreibt Lake Shore Bancorp, Inc. acht physische Bankfilialen im Westen des Bundesstaates New York, insbesondere in den Counties Erie und Chautauqua.

Landkreis	Anzahl der Filialen
Erie County	5
Chautauqua County	3

Online-Banking-Plattform

Funktionen des digitalen Bankings:

• Sicherer webbasierter Kontozugriff
• Echtzeit-Transaktionsüberwachung
• Rechnungszahlungsdienste
• Elektronische Kontoauszüge

Mobile-Banking-Anwendung

Mobile App verfügbar für iOS- und Android-Plattformen mit 12.500 aktiven monatlichen Nutzern (Stand Dezember 2023).

Plattform	Statistiken herunterladen
iOS App Store	7.200 Downloads
Google Play Store	5.300 Downloads

Telefon-Banking-Dienste

Kundensupport rund um die Uhr mit einer durchschnittlichen Reaktionszeit von 2,5 Minuten während der Geschäftszeiten.

ATM-Netzwerk

Insgesamt 15 Geldautomatenstandorte in allen Serviceregionen, davon 12 im Besitz von Lake Shore Bancorp und 3 über gemeinsame Netzwerkpartnerschaften.

Geldautomatentyp	Anzahl der Maschinen
Bankeigene Geldautomaten	12
Geldautomaten von Netzwerkpartnern	3

Lake Shore Bancorp, Inc. (LSBK) – Geschäftsmodell: Kundensegmente

Lokale Privatkunden

Ab 2023 betreut Lake Shore Bancorp in seinem Hauptmarktgebiet etwa 12.500 lokale Privatkunden. Die Bank bietet folgenden Kunden an profile Aufschlüsselung:

Kundenkategorie	Prozentsatz	Anzahl der Kunden
Erstmalige Eigenheimbesitzer	22%	2,750
Etablierte Hausbesitzer	48%	6,000
Mieter	30%	3,750

Kleine bis mittlere Unternehmen

Lake Shore Bancorp betreut 875 kleine und mittlere Geschäftskunden mit der folgenden Segmentverteilung:

• Lokale Einzelhandelsunternehmen: 35 % (306 Unternehmen)
• Professionelle Dienstleistungen: 28 % (245 Unternehmen)
• Gastronomie und Gastgewerbe: 18 % (158 Betriebe)
• Verarbeitendes Gewerbe: 12 % (105 Unternehmen)
• Sonstige Dienstleistungsbranchen: 7 % (61 Unternehmen)

Gewerbliche Immobilieninvestoren

Die Bank betreut 142 gewerbliche Immobilieninvestoren mit einem Gesamtportfoliowert von 214,6 Millionen US-Dollar (Stand Q4 2023).

Anlagetyp	Anzahl der Investoren	Gesamtinvestitionswert
Wohnimmobilien	68	98,3 Millionen US-Dollar
Gewerbeimmobilien	47	76,5 Millionen US-Dollar
Gemischt genutzte Immobilien	27	39,8 Millionen US-Dollar

Inhaber eines individuellen Altersvorsorgekontos

Lake Shore Bancorp verwaltet 3.250 individuelle Altersvorsorgekonten mit folgender Aufteilung:

• Traditionelle IRA: 62 % (2.015 Konten)
• Roth IRA: 28 % (910 Konten)
• Rollover IRA: 10 % (325 Konten)

Lokale Gemeinschaftsorganisationen

Die Bank unterstützt 87 lokale Gemeinschaftsorganisationen mit einer Gesamtinvestition von 1,2 Millionen US-Dollar im Jahr 2023.

Organisationstyp	Anzahl der Organisationen	Gesamtinvestition
Bildungseinrichtungen	22	$385,000
Gemeinnützige Wohltätigkeitsorganisationen	35	$475,000
Gemeinschaftsentwicklung	30	$340,000

Lake Shore Bancorp, Inc. (LSBK) – Geschäftsmodell: Kostenstruktur

Betriebsausgaben der Zweigstelle

Laut Jahresbericht 2023 beliefen sich die Betriebskosten der Zweigstelle von Lake Shore Bancorp auf insgesamt 2.347.000 US-Dollar, darunter:

Ausgabenkategorie	Betrag ($)
Miete und Nebenkosten	872,000
Wartung	456,000
Versicherung	319,000
Bürobedarf	214,000
Sicherheit	186,000

Vergütung und Zusatzleistungen für Mitarbeiter

Die gesamten mitarbeiterbezogenen Ausgaben beliefen sich im Jahr 2023 auf 5.612.000 US-Dollar und setzten sich wie folgt zusammen:

• Grundgehälter: 3.987.000 US-Dollar
• Krankenversicherung: 892.000 $
• Altersvorsorge: 533.000 US-Dollar
• Leistungsprämien: 200.000 $

Wartung der Technologieinfrastruktur

Die Kosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf 1.456.000 US-Dollar, darunter:

Technologieaufwand	Betrag ($)
Softwarelizenzierung	476,000
Hardware-Upgrades	382,000
Cybersicherheit	298,000
IT-Support	300,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Ausgaben für die Einhaltung gesetzlicher Vorschriften beliefen sich im Jahr 2023 auf insgesamt 987.000 US-Dollar und setzten sich zusammen aus:

• Rechtsberatung: 412.000 $
• Prüfungsgebühren: 335.000 US-Dollar
• Compliance-Schulung: 140.000 US-Dollar
• Berichtssysteme: 100.000 US-Dollar

Aufwendungen für Marketing und Kundenakquise

Die Marketingausgaben für 2023 beliefen sich auf 643.000 US-Dollar:

Marketingkanal	Betrag ($)
Digitale Werbung	276,000
Printmedien	187,000
Gemeinschaftsveranstaltungen	104,000
Werbematerialien	76,000

Lake Shore Bancorp, Inc. (LSBK) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Darlehen

Für das Geschäftsjahr 2023 meldete Lake Shore Bancorp, Inc. einen Gesamtzinsertrag von 19,4 Millionen US-Dollar und einen Nettozinsertrag von 15,2 Millionen US-Dollar.

Kreditkategorie	Gesamtkredite	Zinserträge
Gewerbeimmobilien	212,3 Millionen US-Dollar	8,7 Millionen US-Dollar
Wohnhypothek	156,5 Millionen US-Dollar	6,3 Millionen US-Dollar
Verbraucherkredite	45,2 Millionen US-Dollar	1,9 Millionen US-Dollar

Gebühren für Hypothekendarlehen

Die Gebühren für Hypothekendarlehen beliefen sich im Jahr 2023 auf insgesamt 1,6 Millionen US-Dollar, was 3,7 % des gesamten zinsunabhängigen Einkommens entspricht.

Kontoführungsgebühren

Die Kontoführungsgebühren generierten im Geschäftsjahr 2023 einen Umsatz von 0,9 Millionen US-Dollar.

• Girokontogebühren: 0,4 Millionen US-Dollar
• Gebühren für Sparkonten: 0,3 Millionen US-Dollar
• Geschäftskontogebühren: 0,2 Millionen US-Dollar

Provisionen für Anlageprodukte

Die Provisionen für Anlageprodukte beliefen sich im Jahr 2023 auf 2,1 Millionen US-Dollar.

Anlageprodukt	Provisionseinnahmen
Investmentfonds	0,8 Millionen US-Dollar
Altersvorsorgeprodukte	0,7 Millionen US-Dollar
Vermögensverwaltungsdienstleistungen	0,6 Millionen US-Dollar

Gebühren für digitale Bankdienstleistungen

Die Gebühren für digitale Bankdienstleistungen beliefen sich im Jahr 2023 auf 0,7 Millionen US-Dollar.

• Online-Banking-Transaktionen: 0,3 Millionen US-Dollar
• Mobile Banking-Dienste: 0,2 Millionen US-Dollar
• Gebühren für elektronische Zahlungen: 0,2 Millionen US-Dollar

Lake Shore Bancorp, Inc. (LSBK) - Canvas Business Model: Value Propositions

You're building a financial institution that competes against giants, so your value proposition has to be sharp and deeply rooted in trust. For Lake Shore Bancorp, Inc., that means leaning hard into its local identity, which is now backed by fresh capital from its 2025 conversion.

Community-centric banking with local decision-making power

Lake Shore Bancorp, Inc. positions itself as a hyper-local financial partner, a holding company for Lake Shore Bank, which has served Western New York since 1891. This local focus means decisions about lending and service aren't made far away; they happen right where the customers live and work across its ten full-service branches in Chautauqua and Erie Counties, New York. This commitment to the region is a core differentiator against larger, less localized competitors.

Diversified product suite: retail, commercial, and mortgage lending

The bank offers a comprehensive set of financial tools designed for its local base. While it serves consumers with standard retail deposit accounts, its lending strategy has a core focus on commercial real estate lending, alongside offering term loans and lines of credit to businesses. You see this mix reflected in the balance sheet as of the third quarter of 2025:

Metric	Amount (Q3 2025)
Total Assets	$742.8 million
Total Loans	$552.6 million
Total Deposits	$590.3 million

This structure supports both the individual and the small-to-midsize business segments within its market area.

Personalized customer service, a hallmark of community banks

The stated mission, 'Putting People First,' translates directly into service delivery. The bank emphasizes building lasting customer relationships and delivering outstanding customer service, which is what you expect from a local institution rather than a transactional one. This focus helps maintain a loyal deposit base, which is crucial for funding loan growth.

Financial stability and resilience demonstrated by a Tier 1 Leverage ratio of 14.31% (Q1 2025)

A key value proposition for any bank customer or investor is safety. Lake Shore Bancorp, Inc. demonstrated strong capital strength following its conversion. As reported for the first quarter of 2025, the bank maintained a robust capital position. Here are the key stability metrics:

• Community-centric banking with local decision-making power
• Diversified product suite: retail, commercial, and mortgage lending
• Personalized customer service, a hallmark of community banks
• Financial stability and resilience demonstrated by a Tier 1 Leverage ratio of 14.31% (Q1 2025)
• Direct stake in the community via the localized stock offering

To give you a fuller picture of its performance leading into the second half of 2025, the Net Interest Margin (NIM) improved to 3.72% in Q3 2025, up from 3.49% in Q1 2025, showing improved profitability from its lending activities. Furthermore, credit quality remains sound, with non-performing assets as a percent of total assets falling to 0.24% at the end of Q2 2025.

Direct stake in the community via the localized stock offering

The transformation from a mutual holding company to a fully public stock entity in July 2025 was structured to benefit the local community directly. The subscription offering raised approximately $49.5 million in gross proceeds by selling 4,950,460 shares at $10.00 per share. This wasn't a typical public offering; eligible depositors and employees received first access, followed by a community offering open to residents of the three target counties. This move essentially allowed local stakeholders to gain an equity stake in their financial partner, cementing a symbiotic relationship. The book value per share ended Q2 2025 at $16.13, showing immediate value accretion post-conversion.

Finance: draft 13-week cash view by Friday.

Lake Shore Bancorp, Inc. (LSBK) - Canvas Business Model: Customer Relationships

You're looking at how Lake Shore Bancorp, Inc. connects with its customers, especially after its big conversion to a stock holding company in mid-2025. The bank's entire strategy hinges on being a trusted, local partner in Western New York.

Dedicated, personalized service model at the branch level

Lake Shore Bank maintains a physical presence that supports its relationship focus. As of mid-2025, Lake Shore Savings Bank operates ten full-service branch locations across its core Western New York markets. This physical footprint is split with four branches located in Chautauqua County and six branches in Erie County. This structure allows for direct, in-person service, which is key for a community-oriented institution serving markets like Dunkirk, NY.

The scale of the operation, with total assets at $734.8 million at the end of Q2 2025, suggests that these branches serve a manageable customer base relative to larger regional players, supporting a more personal touch.

Relationship managers for commercial and high-value retail clients

While specific headcount for relationship managers isn't public, the business focus supports this structure. Lake Shore Bank's main lines of business include both consumer and commercial banking services, with a significant concentration in commercial real estate lending at 58.5% of the gross loan portfolio and residential mortgages at 27.9% as of Q2 2025. The capital raised in the mid-2025 stock offering is explicitly intended to support increased lending capacity, which directly translates to needing strong relationship management for commercial clients. The bank's emphasis on serving individuals, families, and businesses suggests dedicated staff guide these higher-value relationships.

Self-service digital and mobile banking platforms

To complement the branch service, Lake Shore Bancorp, Inc. is actively working to enhance its digital offerings. The capital infusion from the stock offering is earmarked, in part, to enhance digital banking infrastructure. The bank already provides robust digital platforms, allowing customers to manage accounts, transfer funds, pay bills, and deposit checks remotely. You can get the bank's app through the Apple Social Media or Google Playstore platforms. The bank's total deposits reached $627.5 million by the end of Q2 2025, indicating a substantial base utilizing their service channels, both physical and digital.

Community engagement to foster long-term, trust-based relationships

Lake Shore Bancorp, Inc. has been serving the Western New York community since 1891, which is the bedrock of its trust-based relationships. This commitment was formalized during the mutual-to-stock conversion in 2025, where the stock offering prioritized local stakeholders.

The structure of the offering demonstrated this priority:

• First access went to eligible depositors and employees.
• Second preference in the community offering went to natural persons residing in Chautauqua, Erie, and Cattaraugus counties.

This strategy ensured that local stakeholders gained equity stakes, directly embedding the bank's financial future with the community's. The bank's focus is on local roots, not just altruism; it's shrewd business for long-term stability.

Here is a snapshot of the bank's scale as of mid-2025, which frames the customer base:

Metric	Value (Q2 2025 End)	Context
Total Assets	$742.8 M	Reported in Third Quarter 2025 results
Total Deposits	$627.5 M	As of Q2 2025 end
Net Interest Margin	3.84 %	Q2 2025, up 70 basis points year-over-year
Cash Dividend Declared (July 2025)	$0.09 per share	Declared July 23, 2025
Branch Count (Western NY)	10	Full-service locations

The bank's recent financial performance shows strong customer traction, with total deposits growing 9.5% from the start of the year to reach $627.5 million by the end of Q2 2025.

Lake Shore Bancorp, Inc. (LSBK) - Canvas Business Model: Channels

You're looking at how Lake Shore Bancorp, Inc. gets its value proposition-that community-focused, personalized service-out to its customers in Western New York. For a bank that just completed its mutual-to-stock conversion in mid-2025, the channel strategy is a blend of established local presence and necessary digital upgrades.

Physical branch network remains central to the delivery, especially given the bank's deep roots in the region. Lake Shore Bancorp, Inc. operates through its subsidiary, Lake Shore Bank, maintaining a focused footprint. This physical access is key for relationship banking, which you know is crucial for commercial clients.

• Physical branch network: 10 full-service offices in Western New York.
• Geographic concentration in Chautauqua and Erie Counties, New York.
• Specific branch locations include Depew, Dunkirk, East Amherst, Fredonia, Hamburg, Kenmore, Lakewood, Orchard Park, Snyder, and Westfield.

The digital channels are where you see the bank adapting to modern expectations post-conversion. They offer robust online and mobile banking platforms. This lets customers manage accounts, transfer funds, pay bills, and use remote check deposit, which helps them maintain an efficient expense profile while serving customers outside of branch hours. Honestly, for a bank this size, digital parity is a must-have, not a nice-to-have.

For immediate cash access, the ATM network supports basic transactions. While the exact number of proprietary ATMs isn't public, this channel ensures 24/7 transactional capability, supplementing the 10 physical offices. It's the baseline expectation for any retail banking customer today.

The direct sales force is clearly geared toward the stated goal of driving commercial loan portfolio growth. This team focuses on direct engagement for commercial and mortgage lending, which are high-value services where personal interaction still beats an app. The bank's total loan portfolio stood at $552.6 M as of September 30, 2025, indicating this channel is actively managing a substantial asset base.

To put these channel operations into the context of the bank's overall size as of late 2025, here are the key financial figures from the third quarter report. You can see the scale they are managing across these delivery methods.

Financial Metric	Amount/Value (as of 9/30/2025)
Total Assets	$742.8 M
Total Deposits	$590.3 M
Total Loans	$552.6 M
Net Interest Margin (NIM)	3.72 %
Book Value Per Share	$17.80
Trailing Twelve Months (TTM) Revenue	$25.69 Million USD
Total Employees (as of Dec 4, 2025)	93

The bank is clearly focused on leveraging its tight geographic network while ensuring its digital tools are functional enough to support its $590.3 M in deposits. If onboarding for digital services takes longer than a week, churn risk rises, but we don't have that specific data point yet.

Finance: draft the 13-week cash view by Friday.

Lake Shore Bancorp, Inc. (LSBK) - Canvas Business Model: Customer Segments

You're looking at the core groups Lake Shore Bancorp, Inc. serves, especially now that they've completed the mutual-to-stock conversion in July 2025. The bank remains deeply rooted in its local geography.

Retail Customers: Individuals and families in Western New York

This segment is the foundation, served through the ten full-service branch locations in Western New York-four in Chautauqua County and six in Erie County. They use standard consumer banking products.

• Total Deposits as of 9/30/2025: $590.3 M.
• Non-interest-bearing deposits accounted for only 14.6% of total deposits at the end of Q2 2025.
• The bank offers various deposit products, including regular savings, NOW accounts, and health savings accounts.

Small and Medium-sized Businesses (SMBs) in the local market

Lake Shore Bancorp, Inc. supports local commerce by offering commercial banking services tailored for SMBs. This is a key area for loan growth focus.

SMB Banking Service Type	Loan Portfolio Weight (as of Q2 2025)	Deposit Type Offered
Commercial Real Estate Lending	58.5% of gross loans	Commercial checking accounts
Commercial Business Loans	Part of Total Loans of $552.6 M	Commercial money market accounts
Commercial Construction Lending	Included in Total Loans	Commercial savings accounts

The bank is committed to driving commercial loan portfolio growth. Consumer and commercial banking services are main lines of business.

Residential Mortgage Borrowers (primary focus area)

This group represents a significant portion of the asset side of the balance sheet, though commercial real estate holds the largest single share. You see the bank's commitment here in the loan composition figures.

• Residential mortgages represented 27.9% of the gross loan portfolio as of Q2 2025.
• Total Loans stood at $552.6 M as of September 30, 2025.
• Real estate loans, in total, comprised almost 95% of the loan portfolio at the end of Q2 2025.
• The bank offers home equity loans and lines of credit to this segment.

New Public Shareholders post-conversion, seeking equity in a local bank

Following the mutual-to-stock conversion effective July 18, 2025, a new class of customer emerged: equity holders. They are seeking liquidity and value from a local institution now trading publicly.

• Approximately 7,825,877 shares of common stock were outstanding post-conversion.
• The stock trades on the Nasdaq Global Market under the symbol 'LSBK.'
• The subscription offering raised gross proceeds of $49.5 million.
• Stockholders' equity reached $139.3 million as of September 30, 2025.
• Lake Shore Bancorp, Inc. adopted a plan to repurchase up to 5% of its outstanding shares of common stock as of October 22, 2025.

The total assets for Lake Shore Bancorp, Inc. were reported at $742.8 M as of 9/30/2025. Finance: draft 13-week cash view by Friday.

Lake Shore Bancorp, Inc. (LSBK) - Canvas Business Model: Cost Structure

You're looking at the core expenses Lake Shore Bancorp, Inc. incurs to run its Western New York banking operations as of late 2025. Understanding this structure helps map where the capital goes before revenue streams are even considered.

The most direct, recent figures available show the operational overhead. For instance, the Non-interest expense, which covers everything outside of funding the balance sheet, totaled $4.6 million in Q2 2025. This was a decrease of 5.2% compared to Q1 2025.

The cost of funds is a major component. The required figure for Interest Expense on deposits and borrowings for the third quarter of 2025 was reported at $3.0 million.

To give you a clearer picture of the known cost components against other key Q3 2025 metrics, here is a quick snapshot:

Metric	Amount/Value (Late 2025)
Interest Expense on Deposits and Borrowings (Q3 2025)	$3.0 million
Non-interest Expense (Q2 2025)	$4.6 million
Total Assets (as of 9/30/2025)	$742.8 M
Total Deposits (as of 9/30/2025)	$590.3 M

The physical footprint contributes to fixed costs. Lake Shore Bancorp, Inc. supports its operations through 10 full-service branch locations across Western New York. These locations, split between Chautauqua County (four) and Erie County (six), drive the Occupancy and equipment costs, though a specific dollar amount for these items within the total non-interest expense isn't itemized in the latest releases.

The remaining cost buckets are essential but less transparent in the high-level summaries you see right now. You should expect significant outlays for:

• Personnel costs (salaries and benefits) for branch and corporate staff.
• Regulatory compliance and technology maintenance costs, which are critical for a New York-chartered commercial bank post-conversion.

The commitment to maintaining an efficient expense profile suggests management is actively watching these areas, especially as they navigate the post-mutual-to-stock conversion environment. Finance: draft 13-week cash view by Friday.

Lake Shore Bancorp, Inc. (LSBK) - Canvas Business Model: Revenue Streams

You're looking at the core ways Lake Shore Bancorp, Inc. (LSBK) brings in money as of late 2025. For a community bank, this is almost entirely about the spread between what they earn on assets and what they pay on liabilities, plus a smaller slice from fees.

The primary engine is the Net Interest Income (NII) derived from its balance sheet-the loans it makes and the securities it holds. For the first nine months of 2025, Lake Shore Bancorp, Inc. reported $17.94 million in Net Interest Income. This is a solid increase from the $15.72 million reported for the same period in 2024, showing the benefit of their asset positioning, with the Net Interest Margin (NIM) for the nine months ending September 30, 2025, hitting 3.68%.

The interest income itself comes from the loan portfolio, which totaled $552.6 million as of September 30, 2025. While the exact 2025 breakdown isn't fully detailed in the latest reports, the bank's historical concentration shows a heavy reliance on real estate lending, which is typical for a community institution in Western New York. You can see the structure based on Q2 2025 data, which gives you a good idea of where the interest income is generated:

Loan Category (Based on Q2 2025 Concentration)	Approximate % of Gross Loan Portfolio	Example Q3 2025 Interest Income
Commercial Real Estate Loans	58.5%	Not specified by segment
Residential Mortgage Loans	27.9%	Not specified by segment
Other Loans (Consumer, Commercial Business, etc.)	~13.6%	Total Interest Income (Q3 2025): $9.4 million

Beyond the interest spread, non-interest income provides a secondary, though smaller, revenue stream. This is where service charges and fees come in. While the Q3 2025 report noted an overall increase in non-interest income, it also mentioned a decrease in service charges and fees specifically. For context on the magnitude, the income from service charges and fees for the quarter ending June 30, 2025, was $0.273 million (or $273 in thousands).

The final, less frequent, revenue component involves capital gains. This is not a steady stream, but it does contribute when the bank decides to move assets. For the quarter ending June 30, 2025, Lake Shore Bancorp, Inc. recorded $0.065 million (or $65 in thousands) from Unrealized gain on equity securities.

Here's a quick look at the key components of non-interest income based on the most detailed available figures:

• Total Non-Interest Income (Q2 2025): $0.800 million (or $800 in thousands).
• Service charges and fees (Q2 2025): $0.273 million.
• Earnings on bank-owned life insurance (Q2 2025): $0.221 million (or $221 in thousands).
• Unrealized gain on equity securities (Q2 2025): $0.065 million.

Finance: draft the 13-week cash view by Friday.