Lake Shore Savings Bank

Overview / Commentary

www.lakeshoresavings.com

716-366-4070

128 East 4th St
Dunkirk, NY 14048

Lake Shore Savings Bank is headquartered in Dunkirk and is the 69^th largest bank in the state of New York. It is also the 1,308^th largest bank in the nation. It was established in 1891 and as of December of 2021, it had grown to 110 employees at 12 locations. Lake Shore Savings Bank has an A health rating.

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Health

Data as of Q4 2021

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Health Grade Components

Overall
FDIC Certificate #	30530
Year Established	1891
Employees	110
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.91%
Return on Equity - YTD	7.66%
Annual Interest Income	$24.9MM

Assets and Liabilities
Assets	Q4 2021vs Q4 2020	$714.0MM$686.4MM
Loans	Q4 2021vs Q4 2020	$517.2MM$524.2MM
Deposits	Q4 2021vs Q4 2020	$598.1MM$565.0MM
Equity Capital	Q4 2021vs Q4 2020	$85.2MM$82.8MM
Loan Loss Allowance	Q4 2021vs Q4 2020	$6.1MM$5.9MM
Unbacked Noncurrent Loans	Q4 2021vs Q4 2020	$9.6MM$3.2MM
Real Estate Owned	Q4 2021vs Q4 2020	$123.00K$58.00K

Rates

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Savings
Money Market
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lake Shore Savings Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.75%^*	$25k^*	-	Health Savings Account
OTHER TIERS: 0.10% → Up to $2.5k \| 0.35% → $2.5k - $5k \| 0.50% → $5k - $25k

Lake Shore Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	-	-	LS Advantage Premium MM w/ Checking – New Money
0.15%^*	$50k^*	-	LS Advantage Regular MM – New Money
OTHER TIERS: 0.03% → $1 - $25k \| 0.05% → $25k - $50k

Lake Shore Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$500	-	5 Year CD
0.45%	$500	-	4 Year CD
0.40%	$500	-	36 Month New Money CD Special
0.35%	$500	-	3 Year CD
0.30%	$500	-	2 Year CD
0.25%	$500	-	22 Month New Money CD Special
0.20%	$500	-	18 Month CD
0.15%	$500	-	6 Month CD
0.15%	$500	-	1 Year CD
0.10%	$500	-	3 Month CD

Lake Shore Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$500	-	5 Year IRA
0.45%	$500	-	4 Year IRA
0.40%	$500	-	36 Month New Money IRA Special
0.35%	$500	-	3 Year IRA
0.30%	$500	-	2 Year IRA
0.25%	$500	-	22 Month New Money IRA Special
0.20%	$500	-	18 Month IRA
0.15%	$500	-	6 Month IRA
0.15%	$500	-	1 Year IRA
0.10%	$500	-	3 Month IRA

Locations

Availability

Buffalo Area

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