Lake Shore Bancorp, Inc. (LSBK): Business Model Canvas [Jan-2025 Mis à jour]

Niché au cœur de l'ouest de New York, Lake Shore Bancorp, Inc. (LSBK) apparaît comme une institution financière dynamique qui transforme les services bancaires traditionnels en une expérience dynamique et axée sur la communauté. En mélangeant de manière transparente le service local personnalisé avec des technologies numériques de pointe, cette banque régionale fabrique un modèle commercial unique qui va bien au-delà des simples transactions financières. De ses partenariats stratégiques aux sources de revenus innovantes, Lake Shore Bancorp montre comment une banque locale peut créer une valeur exceptionnelle dans un paysage financier de plus en plus complexe.

Lake Shore Bancorp, Inc. (LSBK) - Modèle commercial: partenariats clés

Entreprises locales et entreprises commerciales dans l'ouest de la région de New York

Lake Shore Bancorp, Inc. maintient des partenariats stratégiques avec environ 250 entreprises locales dans les comtés d'Erie, de Niagara et de Chautauqua dans l'ouest de New York.

Catégorie de partenariat	Nombre de partenariats	Volume commercial total
Entreprises de petites entreprises	157	42,3 millions de dollars
Entreprises commerciales moyennes	68	93,6 millions de dollars
Grandes entreprises régionales	25	76,8 millions de dollars

Réseaux de prêts hypothécaires et professionnels de l'immobilier

Lake Shore Bancorp collabore avec plusieurs réseaux de prêts hypothécaires et professionnels de l'immobilier.

• Partenariat total des accords de partenariat immobilier: 42
• Partenariats du réseau de prêts hypothécaires: 17
• Volume moyen des prêts hypothécaires: 6,2 millions de dollars par an

Fournisseurs de services financiers communautaires

Type de fournisseur	Nombre de partenariats	Volume de transaction annuel
Coopératives de crédit	8	14,7 millions de dollars
Institutions financières communautaires	12	22,5 millions de dollars

Sociétés d'investissement régional et d'assurance

Lake Shore Bancorp maintient des partenariats stratégiques avec les sociétés d'investissement et d'assurance régionales.

• Partenariats totaux de l'entreprise d'investissement: 9
• Partenariats des assureurs: 6
• Volume total d'investissement de partenariat: 37,4 millions de dollars

Type de partenariat	Nombre de partenaires	Revenus collaboratifs annuels
Sociétés d'investissement	9	22,6 millions de dollars
Assureurs	6	14,8 millions de dollars

Lake Shore Bancorp, Inc. (LSBK) - Modèle commercial: activités clés

Services bancaires commerciaux et de détail

Au quatrième trimestre 2023, Lake Shore Bancorp, Inc. a déclaré un actif total de 537,3 millions de dollars. La banque offre des services bancaires commerciaux et de détail en mettant l'accent sur les segments de marché locaux dans l'ouest de New York.

Catégorie de service bancaire	Volume total (2023)
Prêts commerciaux	187,4 millions de dollars
Prêts à la consommation	142,6 millions de dollars
Portefeuille de prêts totaux	330 millions de dollars

Prêts hypothécaires et origine

La banque a traité des prêts hypothécaires avec les caractéristiques suivantes en 2023:

• Originations hypothécaires totales: 76,2 millions de dollars
• Portefeuille hypothécaire résidentiel: 215,3 millions de dollars
• Taille moyenne du prêt hypothécaire: 287 000 $

Gestion des comptes de dépôt

Type de dépôt	Solde total (2023)
Comptes chèques	224,5 millions de dollars
Comptes d'épargne	167,8 millions de dollars
Comptes de marché monétaire	98,3 millions de dollars

Développement de la plate-forme bancaire numérique

Métriques bancaires numériques:

• Utilisateurs bancaires en ligne: 42 500
• Téléchargements d'applications bancaires mobiles: 28 300
• Volume de transaction numérique: 1,2 million de transactions en 2023

Investissement communautaire et création de relations

Catégorie d'investissement communautaire	Montant (2023)
Subventions commerciales locales	1,4 million de dollars
Prêts de développement communautaire	3,2 millions de dollars
Contributions caritatives	$287,000

Lake Shore Bancorp, Inc. (LSBK) - Modèle commercial: Ressources clés

Réseau de succursale physique

Lake Shore Bancorp, Inc. maintient un réseau de succursales physique ciblé dans les comtés d'Erie et de Niagara, New York. Depuis les derniers rapports financiers:

Emplacement	Nombre de branches
Comté d'Erie	6 branches
Comté de Niagara	4 branches
Réseau de succursale total	10 branches

Présence du marché local

La forte présence locale du marché de la banque est caractérisée par:

• Part de marché dans la région de l'ouest de New York: 3,2%
• Actif total: 573,8 millions de dollars (au quatrième trimestre 2023)
• Dépôts totaux: 504,2 millions de dollars

Équipe de direction

Position	Années d'expérience bancaire
PDG	25 ans et plus
Directeur financier	18 ans et plus
Cadres supérieurs	Moyenne 15 ans et plus

Technologie bancaire numérique

Investissements infrastructures technologiques: 2,3 millions de dollars en 2023

• Plateforme bancaire en ligne
• Application bancaire mobile
• Systèmes de sécurité des transactions numériques

Réserves de capital financier

Métrique capitale	Montant
Ratio de capital de niveau 1	12.4%
Total des réserves de capital	68,5 millions de dollars
Capital basé sur le risque	14.2%

Lake Shore Bancorp, Inc. (LSBK) - Modèle d'entreprise: propositions de valeur

Expérience bancaire communautaire personnalisée

Au quatrième trimestre 2023, Lake Shore Bancorp, Inc. a déclaré un actif total de 625,4 millions de dollars, desservant des communautés locales dans l'ouest de New York. La banque maintient 10 succursales à service complet dans les comtés d'Erie et de Niagara.

Métriques bancaires	Valeur
Actif total	625,4 millions de dollars
Nombre de succursales	10
Couverture géographique	Comtés d'Erie et de Niagara

Taux d'intérêt concurrentiels pour les clients locaux

Lake Shore Bancorp offre des tarifs compétitifs sur divers produits de dépôt:

Produit	Fourchette de taux d'intérêt
Comptes d'épargne	0.50% - 1.25%
Certificats de dépôt	2.75% - 4.50%
Comptes de marché monétaire	1.10% - 2.25%

Offres complètes de produits financiers

• Comptes de chèques personnels
• Comptes de chèques d'entreprise
• Prêts hypothécaires à domicile
• Prêts immobiliers commerciaux
• Prêts personnels
• Services bancaires en ligne et mobiles

Service client local réactif

Le lac Shore Bancorp maintient un approche centrée sur le client avec un temps de réponse du service client moyen de 24 heures ou moins.

Solutions bancaires flexibles pour les petites entreprises

Depuis 2023, la banque fournit des services spécialisés pour les petites entreprises:

Services bancaires d'entreprise	Détails
Portefeuille de prêts commerciaux	187,3 millions de dollars
Taille moyenne des prêts commerciaux	$125,000 - $500,000
Comptes de chèques d'entreprise	Pas de frais de maintenance mensuels pour les soldes de qualification

Lake Shore Bancorp, Inc. (LSBK) - Modèle d'entreprise: relations avec les clients

Interactions de branche en face à face

Lake Shore Bancorp maintient 3 emplacements de succursales physiques dans l'ouest de New York en 2024. Interactions moyennes du client quotidien par succursale: 42 clients.

Emplacement de la succursale	Interactions moyennes du client quotidien	Heures de service
Hambourg, NY	42	9h00 - 16h00
Orchard Park, NY	38	9h00 - 16h00
West Seneca, NY	45	9h00 - 16h00

Canaux de support bancaire numérique

Statistiques de la plate-forme bancaire numérique:

• Utilisateurs bancaires en ligne: 7 823
• Téléchargements d'applications bancaires mobiles: 5 412
• Volume de transaction numérique: 68 340 transactions mensuelles

Services de conseil financier personnalisés

Mesures de service de conseil financier:

Type de service	Nombre de clients	Frais de conseil moyen
Planification financière personnelle	412	250 $ par consultation
Planification de la retraite	287	350 $ par consultation
Gestion des investissements	203	0,75% des actifs sous gestion

Programmes d'engagement communautaire

Métriques d'implication communautaire:

• Commanditaires annuels des événements communautaires: 12
• Dons de bienfaisance locaux: 87 500 $ en 2023
• Ateliers de littératie financière menés: 24

Approche bancaire axée sur les relations

Indicateurs de performance de la relation client:

Métrique	Valeur 2024
Taux de rétention de la clientèle	89.3%
Durée moyenne de la relation client	7,2 ans
Taux de réussite de vente croisée	42%

Lake Shore Bancorp, Inc. (LSBK) - Modèle d'entreprise: canaux

Implices de succursales bancaires physiques

En 2024, Lake Shore Bancorp, Inc. exploite 8 succursales de banque physique dans l'ouest de l'État de New York, spécifiquement concentré dans les comtés d'Erie et de Chautauqua.

Comté	Nombre de branches
Comté d'Erie	5
Comté de Chautauqua	3

Plateforme bancaire en ligne

Fonctionnalités bancaires numériques:

• Accès sécurisé sur le compte Web
• Surveillance des transactions en temps réel
• Services de paiement de factures
• Déclarations électroniques

Application bancaire mobile

Application mobile disponible pour les plates-formes iOS et Android avec 12 500 utilisateurs mensuels actifs en décembre 2023.

Plate-forme	Télécharger des statistiques
IOS App Store	7 200 téléchargements
Google Play Store	5 300 téléchargements

Services bancaires téléphoniques

Ligne de support client 24/7 avec un temps de réponse moyen de 2,5 minutes pendant les heures d'ouverture.

Réseau ATM

Au total, 15 emplacements ATM dans toutes les régions de service, avec 12 détenus par Lake Shore Bancorp et 3 par le biais de partenariats de réseau partagé.

Type de guichet automatique	Nombre de machines
ATM appartenant à des banques	12
ATM des partenaires de réseau	3

Lake Shore Bancorp, Inc. (LSBK) - Modèle d'entreprise: segments de clientèle

Clients locaux résidentiels résidentiels

En 2023, Lake Shore Bancorp dessert environ 12 500 clients locaux de la banque résidentielle dans sa principale zone de marché. La banque propose le client suivant profile panne:

Catégorie client	Pourcentage	Nombre de clients
Propriétaires pour la première fois	22%	2,750
Les propriétaires établis	48%	6,000
Locataires	30%	3,750

Petites et moyennes entreprises

Lake Shore Bancorp prend en charge 875 clients commerciaux de petite à moyenne taille avec la distribution de segment suivante:

• Busines de vente au détail locales: 35% (306 entreprises)
• Services professionnels: 28% (245 entreprises)
• Restaurants et hospitalité: 18% (158 entreprises)
• Fabrication: 12% (105 entreprises)
• Autres industries de services: 7% (61 entreprises)

Investisseurs immobiliers commerciaux

La banque dessert 142 investisseurs immobiliers commerciaux avec une valeur totale de portefeuille de 214,6 millions de dollars au T2 2023.

Type d'investissement	Nombre d'investisseurs	Valeur d'investissement totale
Propriétés résidentielles	68	98,3 millions de dollars
Propriétés commerciales	47	76,5 millions de dollars
Propriétés à usage mixte	27	39,8 millions de dollars

Titulaires de comptes de retraite individuels

Lake Shore Bancorp gère 3 250 comptes de retraite individuels avec l'allocation suivante:

• IRA traditionnel: 62% (2 015 comptes)
• Roth IRA: 28% (910 comptes)
• Rollover IRA: 10% (325 comptes)

Organisations communautaires locales

La banque soutient 87 organisations communautaires locales avec un investissement communautaire total de 1,2 million de dollars en 2023.

Type d'organisation	Nombre d'organisations	Investissement total
Établissements d'enseignement	22	$385,000
Organismes de bienfaisance à but non lucratif	35	$475,000
Développement communautaire	30	$340,000

Lake Shore Bancorp, Inc. (LSBK) - Modèle d'entreprise: Structure des coûts

Succursale des dépenses opérationnelles

À partir du rapport annuel en 2023, les dépenses opérationnelles de la succursale de Lake Shore Bancorp ont totalisé 2 347 000 $, ce qui comprend:

Catégorie de dépenses	Montant ($)
Loyer et services publics	872,000
Entretien	456,000
Assurance	319,000
Fournitures de bureau	214,000
Sécurité	186,000

Compensation et avantages sociaux des employés

Les dépenses totales liées aux employés pour 2023 étaient de 5 612 000 $, ventilées comme suit:

• Salaires de base: 3 987 000 $
• Assurance maladie: 892 000 $
• Prestations de retraite: 533 000 $
• Bonus de performance: 200 000 $

Maintenance des infrastructures technologiques

Les coûts d'infrastructure technologique pour 2023 s'élevaient à 1 456 000 $, notamment:

Dépenses technologiques	Montant ($)
Licence de logiciel	476,000
Mises à niveau matériel	382,000
Cybersécurité	298,000
Il soutient	300,000

Coûts de conformité réglementaire

Les dépenses de conformité réglementaire pour 2023 ont totalisé 987 000 $, comprenant:

• Conseil juridique: 412 000 $
• Frais d'audit: 335 000 $
• Formation en conformité: 140 000 $
• Systèmes de rapport: 100 000 $

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 étaient de 643 000 $:

Canal de marketing	Montant ($)
Publicité numérique	276,000
Imprimé	187,000
Événements communautaires	104,000
Matériel promotionnel	76,000

Lake Shore Bancorp, Inc. (LSBK) - Modèle d'entreprise: Strots de revenus

Intérêt des prêts

Pour l'exercice 2023, Lake Shore Bancorp, Inc. a déclaré un revenu total d'intérêts de 19,4 millions de dollars, avec un revenu d'intérêt net de 15,2 millions de dollars.

Catégorie de prêt	Prêts totaux	Revenu d'intérêt
Immobilier commercial	212,3 millions de dollars	8,7 millions de dollars
Hypothèque résidentielle	156,5 millions de dollars	6,3 millions de dollars
Prêts à la consommation	45,2 millions de dollars	1,9 million de dollars

Frais de prêt hypothécaire

Les frais de prêt hypothécaire pour 2023 ont totalisé 1,6 million de dollars, ce qui représente 3,7% du revenu total sans intérêt.

Frais de maintenance du compte

Les frais de maintenance du compte ont généré 0,9 million de dollars de revenus pour l'exercice 2023.

• Frais de compte chèques: 0,4 million de dollars
• Frais de compte d'épargne: 0,3 million de dollars
• Frais de compte d'entreprise: 0,2 million de dollars

Commissions de produits d'investissement

Les commissions de produits d'investissement pour 2023 ont atteint 2,1 millions de dollars.

Produit d'investissement	Revenus de commission
Fonds communs de placement	0,8 million de dollars
Produits de retraite	0,7 million de dollars
Services de gestion de la patrimoine	0,6 million de dollars

Frais de service bancaire numérique

Les frais de service bancaire numérique s'élevaient à 0,7 million de dollars en 2023.

• Transactions bancaires en ligne: 0,3 million de dollars
• Services bancaires mobiles: 0,2 million de dollars
• Frais de paiement électronique: 0,2 million de dollars

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.