Overview / Commentary
Lake Shore Savings Bank is headquartered in Dunkirk and is the 71st largest bank in the state of New York. It is also the 1,272nd largest bank in the nation. It was established in 1891 and as of June of 2019, it had grown to 112 employees at 12 locations. Lake Shore Savings Bank has an A+ health rating.
Health
A+
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30530 |
| Year Established | 1891 |
| Employees | 112 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 4.67% |
| Annual Interest Income | $11.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $578.4MM$543.8MM |
| Loans | Q2 2019vs Q2 2018 | $440.2MM$382.3MM |
| Deposits | Q2 2019vs Q2 2018 | $463.4MM$437.9MM |
| Equity Capital | Q2 2019vs Q2 2018 | $77.0MM$73.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $3.9MM$3.5MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $3.1MM$4.5MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $752.00K$479.00K |
Rates
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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 | |
|---|---|---|---|---|---|
| 1.00%* | $25k* | - | Health Savings Account | ||
| OTHER TIERS: 0.10% → Up to $2.5k | 0.35% → $2.5k - $5k | 0.75% → $5k - $25k | |||||
Lake Shore Savings Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00% | $1 | - | LS Advantage Premium MM w/ Checking – New Money | ||
| 0.15%* | $50k* | - | LS Advantage Regular MM – New Money | ||
| OTHER TIERS: 0.03% → Up to $250k | 0.05% → $25k - $50k | |||||
