Lake Shore Savings Bank

Lake Shore Savings Bank is headquartered in Dunkirk and is the 82^nd largest bank in the state of New York. It is also the 1,376^th largest bank in the nation. It was established in 1891 and as of March of 2012, it had grown to 107 employees at 10 locations. Lake Shore Savings Bank's savings rates are 2X the national average, and it boasts a 5-star health rating.

Lake Shore Savings Bank Routing Number: 222371656

Lake Shore Savings Bank Savings Account Rates

Lake Shore Savings Bank CD Rates

Data for Q1 2012

Institution Statistics Lake Shore Savings Bank OTS # 05506 FDIC Certificate # 30530 BankRate Report View Year Established 1891 Employees 107 Primary Regulator OCC Assets and Liabilities Assets $491.77 million Loans $270.38 million Deposits $390.52 million Equity Capital $59.02 million Loan Loss Allowance $1.33 million Unbacked Noncurrent Loans $2.41 million Real Estate Owned $691,000 Historic Data - March 2011 Assets $480.12 million Equity Capital $50.12 million Loan Loss Allowance $937,000 Unbacked Noncurrent Loans $2.27 million Real Estate Owned $205,000 Profit Margin - Quarterly Net Interest Margin 3.32% Return on Assets 0.85% Return on Equity 7.09% Interest Income $5.09 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Lake Shore Savings Bank had $3.1 million in non-current loans and owned real-estate with $60.35 million in equity and loan loss allowances on hand to cover it. This gives Lake Shore Savings Bank a Texas Ratio of 5.14% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Lake Shore Savings Bank held steady from 4.91% as of March 31, 2011 to 5.14% as of March 31, 2012, resulting in a negative change of 4.63%. This indicates that the balance sheet and financial strength for Lake Shore Savings Bank has held steady in recent periods. Deposit Growth In the past year, Lake Shore Savings Bank has increased its total deposits by $11.03 million, resulting in 2.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Lake Shore Savings Bank has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Lake Shore Savings Bank has $491.77 million in assets with $60.35 million in equity, resulting in a capitalization level of 12.27%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.