Lake Shore Bancorp, Inc. (LSBK): Business Model Canvas [Dec-2025 Updated]

You're digging into the operational blueprint of Lake Shore Bancorp, Inc. (LSBK) right after their big July 2025 mutual-to-stock conversion, and honestly, that shift fundamentally changed their game. As someone who's mapped these models for years, I can tell you the core is still deep community banking across Western New York, but now they have a freshly bolstered capital base-thanks to that $49.5 million stock offering-backing $742.8 million in total assets as of September 30, 2025. This canvas breaks down exactly how Lake Shore Bancorp, Inc. plans to turn that new public structure and local expertise into revenue streams, so stick around to see the nine critical blocks driving their strategy now.

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

You're looking at the essential external relationships that keep Lake Shore Bancorp, Inc. operating smoothly, especially after its major conversion in mid-2025. These partnerships are critical for everything from regulatory compliance to managing your new public shareholder base.

Federal Home Loan Bank of New York (FHLBNY) for wholesale funding and liquidity management

The relationship with the Federal Home Loan Bank of New York (FHLBNY) is actively being managed for balance sheet optimization. Lake Shore Bancorp, Inc. demonstrated a clear strategic move to reduce its reliance on this wholesale funding source. Specifically, the company reported reducing its reliance on FHLBNY funding by repaying $6.3 million of FHLBNY borrowings during the first quarter of 2025. This action supports the overall strategy of achieving prudent growth and maintaining a disciplined approach to balance sheet management, especially following the July 2025 stock conversion. The bank's total assets stood at $742.8 M as of the third quarter of 2025, giving you a sense of the scale where this funding management occurs.

Computershare Trust Company, N.A. as the transfer agent for public stock post-conversion

With the conversion from a mutual holding company structure completed in July 2025, the role of the transfer agent became central for shareholder services. Computershare Trust Company, N.A. handles the administration for the newly public Lake Shore Bancorp, Inc. This partnership was immediately active, as Computershare expected to mail Direct Registration System (DRS) Book-Entry statements for shares purchased in the subscription offering on or about July 21, 2025. The scale of this event involved the sale of 4,950,460 shares at $10.00 per share, generating total gross proceeds of $49.5 million. You can see the key entities involved in the post-conversion shareholder structure below.

Partner Role	Entity Name	Key Activity/Metric (2025)
Transfer Agent	Computershare Trust Company, N.A.	Mailed DRS statements post-July 21, 2025
Marketing Agent for Offering	Raymond James & Associates, Inc.	Assisted in the subscription offering
Stock Exchange	The Nasdaq Stock Market LLC	Trading Symbol: LSBK

Core banking software and digital platform providers

The operational backbone relies on agreements with core banking software and digital platform providers, which enable the bank to manage its $590.3 M in total deposits and $552.6 M in total loans as of Q3 2025. While the specific provider name isn't public record here, these systems are vital for maintaining the reported Net Interest Margin of 3.72% in Q3 2025 across its ten branch locations. These providers must support the bank's commitment to an efficient expense profile and its ability to serve both consumer and commercial banking needs in Western New York.

Local community organizations for lending and deposit referrals

Lake Shore Bancorp, Inc. positions itself as a mission-driven community institution serving Western New York, which includes four branches in Chautauqua County and six in Erie County. This local focus implies active partnerships, though specific financial referral amounts aren't detailed in recent filings. The bank's loan portfolio is heavily concentrated in real estate, with commercial real estate at 58.5% and residential mortgages at 27.9% of the gross total as of mid-2025. These lending activities are intrinsically tied to the local economic ecosystem supported by community relationships.

The bank's physical presence defines its community engagement area:

• Total Branch Locations: 10
• Chautauqua County Branches: 4
• Erie County Branches: 6
• Headquarters: Dunkirk, New York

Regulatory bodies: FDIC, New York State Department of Financial Services

The recent corporate restructuring required close coordination with multiple regulatory bodies. Lake Shore Savings Bank converted from a federal savings bank to a New York chartered commercial bank, a process that required final regulatory approvals to close on July 18, 2025. This shift places the institution under the direct supervision of the New York State Department of Financial Services (NYDFS) for its charter, while the FDIC remains a key insurer and regulator. You should note that the company announced the termination of a regulatory agreement with the Federal Reserve Bank of Philadelphia in 2025, indicating compliance milestones were met.

Key regulatory milestones in 2025 include:

• Stockholders approved the conversion plan on July 1, 2025.
• Closing of the conversion occurred after July 18, 2025.
• Termination of the Federal Reserve Bank of Philadelphia agreement.
• The bank now operates under a New York commercial bank charter.

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

You're looking at the core engine of Lake Shore Bancorp, Inc. after its big structural shift in mid-2025. The key activities revolve around deploying that new capital base while managing interest rate risk in the Western New York market. Honestly, the focus is on core banking functions, but now with the added layer of public company responsibilities.

Commercial and residential mortgage loan origination and servicing

The primary activity here is growing the loan book, which stood at $552.6 M as of September 30, 2025. You see a heavy concentration in real estate lending, which is typical for a community bank of this size. At the end of Q2 2025, real estate loans comprised almost 95% of the total loan portfolio. Within that, commercial real estate held the largest single share at 58.5% of the gross total, with residential mortgages following at 27.9%. Relative growth was explosive in consumer loans, increasing by over 1100% from the start of the year, though the actual dollar increase was just over $10.9 million.

Retail and commercial deposit gathering across 10 branches

Gathering stable, low-cost funding is critical. Lake Shore Bancorp, Inc. operates across 10 full-service branch locations in Western New York-four in Chautauqua County and six in Erie County. Total Deposits reached $590.3 M as of September 30, 2025. It's important to note the quality of those deposits; as of the end of Q2 2025, non-interest-bearing deposits accounted for only 14.6% of the total, a decrease from the 17.9% share they held at the end of 2024. The bank is defintely working to build its core, relationship-based deposits.

Here's a quick snapshot of the balance sheet health as of the end of Q3 2025:

Metric	Amount (as of 9/30/2025)	Period End (for comparison)
Total Assets	$742.8 M	12/31/2024
Total Loans	$552.6 M	12/31/2024
Total Deposits	$590.3 M	12/31/2024

Asset/Liability management to maintain a 3.72% Net Interest Margin (Q3 2025)

Managing the spread between what Lake Shore Bancorp, Inc. earns on assets and pays on liabilities is a top priority. The Net Interest Margin (NIM) for the third quarter of 2025 hit 3.72%, which was a solid increase from the 3.28% seen in Q3 2024. For the first nine months of 2025, the cumulative NIM was 3.68%. A major part of this management involved actively reducing more expensive funding sources. The bank repaid $8.3 million of Federal Home Loan Bank of New York (FHLBNY) borrowings in the first nine months of 2025, leaving only $2.0 million outstanding as of September 30, 2025. Furthermore, the percentage of uninsured deposits to total deposits was managed down to 13.3% by September 30, 2025.

Managing the capital base and investor relations post-conversion

The conversion to a stock holding company in July 2025 fundamentally changed investor relations. The subscription offering raised gross proceeds of $49.5 million by selling 4,950,460 shares at $10.00 per share. This infusion bolstered the capital base. At March 31, 2025, Stockholders' equity stood at $90.7 million. The bank maintained a 'well capitalized' status, reporting a Tier 1 Leverage ratio of 14.31% and a Total Risk-Based Capital ratio of 18.67% as of March 31, 2025. Post-conversion, the Board declared a cash dividend of $0.09 per share on July 23, 2025, signaling a return to shareholder payouts.

Enhancing digital banking infrastructure for customer self-service

While specific digital spending figures aren't public, the capital infusion from the stock offering is explicitly earmarked to bolster liquidity and enable the enhancement of digital banking infrastructure. This activity supports the overall goal of maintaining an efficient expense profile. The focus is on providing customers with better self-service options to support the 10-branch network.

• Capital infusion target for growth initiatives: up to $66.1 million sought in the offering.
• Book value per share increased to $16.13 at the end of Q2 2025.
• Net income for Q3 2025 was $2.4 million, up 77.1% year-over-year.

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

When you look at Lake Shore Bancorp, Inc. (LSBK) as a Key Resource, you're really looking at the tangible and intangible assets that let the bank operate and grow in Western New York. These are the foundational elements that support its value proposition.

The capital structure saw a significant enhancement recently. Lake Shore Bancorp, Inc. successfully closed its mutual-to-stock conversion and related stock offering in July 2025. This move bolstered the capital base by bringing in gross proceeds of $49.5 million from the sale of 4,950,460 shares at $10.00 per share. That cash infusion is a major resource right now.

Here's a quick look at the balance sheet strength as of the third quarter of 2025:

Financial Metric	Amount as of September 30, 2025
Total Assets	$742.8 million
Total Loans	$552.6 million
Total Deposits	$590.3 million

The balance sheet shows Total Assets standing at $742.8 million as of September 30, 2025. That scale is key for a community bank.

The physical footprint is concentrated and local. Lake Shore Bancorp, Inc. maintains a network of 10 full-service branch locations strategically placed across Western New York. This physical presence is a core part of its community banking resource.

Intangible assets, like human capital and expertise, are vital, too. You have an experienced local management team, led by CEO Kim C. Liddell, guiding the institution from its Dunkirk, New York headquarters. The team is focused on driving commercial loan portfolio growth and managing enterprise risk. The institution employed 93 people as of late 2025.

The Loan portfolio itself is a primary earning asset, totaling $552.6 million as of Q3 2025. This portfolio is heavily weighted toward real estate lending, which is typical for this type of institution. For context, at the end of Q2 2025, the loan portfolio composition looked like this:

• Commercial real estate loans: 58.5% of the gross total.
• Residential mortgages: 27.9% of the gross total.
• Real estate loans overall: almost 95% of the portfolio.

The ability to attract and retain key employees is definitely a factor to watch, given the competitive nature of the market.

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.