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 63^rd largest bank in the state of New York. It is also the 1,299^th largest bank in the nation. It was established in 1891 and as of June of 2023, it had grown to 123 employees at 12 locations. Lake Shore Savings Bank's money market rates are 12X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2023

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Health Grade Components

Overall
FDIC Certificate #	30530
Year Established	1891
Employees	123
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.76%
Return on Equity - YTD	6.87%
Annual Interest Income	$16.5MM

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$713.6MM$693.9MM
Loans	Q2 2023vs Q2 2022	$569.5MM$547.2MM
Deposits	Q2 2023vs Q2 2022	$587.5MM$584.8MM
Equity Capital	Q2 2023vs Q2 2022	$79.5MM$75.6MM
Loan Loss Allowance	Q2 2023vs Q2 2022	$6.8MM$6.7MM
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$2.9MM$2.8MM
Real Estate Owned	Q2 2023vs Q2 2022	$139.00K$269.00K

Rates

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Money Market
CD

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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 Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
5.14%^*	$50k^*	-	Money Market Account Special
OTHER TIERS: 2.65% → Up to $50k

Lake Shore Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.55%	$10k	-	6 Month CD Special-New Money
5.25%	$500	-	14 Month New Money CD Special
5.05%	$500	-	9 Month New Money CD Special
3.50%	$500	-	22 Month New Money CD Special
3.15%	$500	-	57 Month New Money CD Special

Locations

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Buffalo Area

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