Lake Shore Savings Bank in Dunkirk, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Lake Shore Savings Bank in Dunkirk, New York (NY)
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Lake Shore Savings Bank - Overview

  • General
  • FDIC Certificate #: 30530
    Status: Active
    Federal Reserve ID: 301574
    Date Established: January 01, 1891
    WWW: http://www.lakeshoresavings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 5506
    FDIC's unique #: 43364
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 19, 1951
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 128 East 4th St, Dunkirk, NY 14048
    County: Chautauqua
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Syracuse
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Jamestown, NY (#3610)
    Core Based Statistical Area (CBSA): Jamestown-Dunkirk-Fredonia, NY (#27460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $485.8 mil
    Equity capital: $58.4 mil
    Deposits held in domestic offices: $383.2 mil
    Return on assets (ROA): 0.89% ($4.3 mil)
    Quarterly return on assets: 0.91% ($4.4 mil)
    Return on Equity (ROE): 8.01% ($4.6 mil)
    Quarterly return on equity: 7.67% ($4.4 mil)
    Net income: $4.3 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.20% ($5,829.3 mil)
    Quarterly Pretax return on assets: 1.31% ($6,363.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 105Total employees (full-time equivalent)
  • $485,778Total assets
  • $10,485Cash and due from depository institutions
  • $3,454Interest-bearing balances
  • $163,301Securities
  • $11,271Federal funds sold & reverse repurchase agreements
  • $275,005Net loans & leases
  • $1,358Loan loss allowance
  • $0Trading account assets
  • $8,530Bank premises and fixed assets
  • $315Other real estate owned
  • $0Goodwill and other intangibles
  • $485,778Life insurance assets
  • $16,871All other assets
  • $427,339Total liabilities and capital
  • $383,167Total liabilities
  • $355,729Total deposits
  • $383,167Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $37,429Trading liabilities
  • $0Other borrowed funds
  • $6,743Subordinated debt
  • $58,439All other liabilities
  • $58,439Total equity capital
  • $58,439Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $14,462Surplus
  • $43,977Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,790Income earned, not collected on loans
  • $0Earning assets
  • $1,917Long-term assets (5+ years)
  • $453,031Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $482,245Volatile liabilities
  • $488,146Insider loans
  • $251,176FHLB advances
  • $477,610Loans and leases held for sale
  • $11,376Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $53,420Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,288Restructured Loans and leases
  • $2,611Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,738Total interest income
  • $5,791Total interest expense
  • $14,947Net interest income
  • $443Provision for loan and lease losses
  • $1,946Total noninterest income
  • $0Fiduciary activities
  • $1,447Service charges on deposit accounts
  • $0Trading account gains & fees
  • $499Additional noninterest income
  • $10,773Total noninterest expense
  • $6,044Salaries and employee benefits
  • $2,391Premises and equipment expense
  • $2,338Additional noninterest expense
  • $5,677Pre-tax net operating income
  • $88Securities gains (losses)
  • $1,493Applicable income taxes
  • $4,272Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,272Net income attributable to bank
  • $0Net charge-offs
  • $4,272Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.34%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 8.01%Return on equity (ROE)
  • 8.01%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 4430.00%Credit loss provision to net charge-offs
  • 612.00%Efficiency ratio
  • 63,772Assets per employee
  • 4.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.49%Loss allowance to noncurrent loans
  • 48.67%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 71.77%Net loans and leases to core deposits
  • 76.52%Equity capital to assets
  • 12.03%Core capital (leverage) ratio
  • 11.18%Tier 1 risk-based capital ratio
  • 21.27%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $482,245Average earning assets
  • $53,312Average equity
  • $448,131Average loans

List of branches

  • 10 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043364Lake Shore Savings Bank128 East 4th St, Dunkirk, NY 14048January 01, 1891Full Service Brick and Mortar
    100280712Fredonia Branch30 East Main St., Fredonia, NY 14063June 30, 1988Full Service Brick and Mortar
    101280713West Ellicot Branch1 N Green Ave, Jamestown, NY 14701June 30, 1996Full Service Brick and Mortar
    102280714Jamestown Branch115 East 4th Street, Jamestown, NY 14701September 22, 1997Full Service Brick and Mortar
    103356834Westfield Branch106 East Main Street, Westfield, NY 14787December 07, 1998Full Service Brick and Mortar
    104418945Orchard Park Branch3111 Union Road, Orchard Park, NY 14127April 07, 2003Full Service Brick and Mortar
    105431415East Amherst Branch5751 Transit Road, East Amherst, NY 14051August 24, 2003Full Service Brick and Mortar
    106446119Hamburg Branch59 Main Street, Hamburg, NY 14075December 05, 2005Full Service Brick and Mortar
    107489491Kenmore Branch3438 Delaware Ave., Buffalo, NY 14217December 01, 2008Full Service Brick and Mortar
    108518618Depew Branch570 Dick Road, Depew, NY 14043April 05, 2010Full Service Brick and Mortar

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