Lake Shore Bancorp Inc (LSBK) - Net Assets
Based on the latest financial reports, Lake Shore Bancorp Inc (LSBK) has net assets worth $142.38 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($722.01 Million) and total liabilities ($579.63 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how large is Lake Shore Bancorp Inc's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $142.38 Million |
| % of Total Assets | 19.72% |
| Annual Growth Rate | 8.13% |
| 5-Year Change | 61.0% |
| 10-Year Change | 86.29% |
| Growth Volatility | 126.27 |
Lake Shore Bancorp Inc - Net Assets Trend (2001–2025)
This chart illustrates how Lake Shore Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Lake Shore Bancorp Inc to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Lake Shore Bancorp Inc (2001–2025)
The table below shows the annual net assets of Lake Shore Bancorp Inc from 2001 to 2025. For live valuation and market cap data, see Lake Shore Bancorp Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $141.64 Million | +57.61% |
| 2024-12-31 | $89.87 Million | +4.17% |
| 2023-12-31 | $86.27 Million | +6.27% |
| 2022-12-31 | $81.18 Million | -7.72% |
| 2021-12-31 | $87.98 Million | +2.39% |
| 2020-12-31 | $85.92 Million | -85.09% |
| 2019-12-31 | $576.22 Million | +622.04% |
| 2018-12-31 | $79.80 Million | +1.82% |
| 2017-12-31 | $78.38 Million | +3.08% |
| 2016-12-31 | $76.03 Million | +2.92% |
| 2015-12-31 | $73.88 Million | +3.14% |
| 2014-12-31 | $71.63 Million | +9.74% |
| 2013-12-31 | $65.27 Million | -2.56% |
| 2012-12-31 | $66.98 Million | +4.75% |
| 2011-12-31 | $63.95 Million | +15.83% |
| 2010-12-31 | $55.21 Million | -0.43% |
| 2009-12-31 | $55.45 Million | +2.25% |
| 2008-12-31 | $54.23 Million | +1.43% |
| 2007-12-31 | $53.47 Million | -0.52% |
| 2006-12-31 | $53.75 Million | +91.99% |
| 2005-12-31 | $28.00 Million | +4.01% |
| 2004-12-31 | $26.91 Million | +7.89% |
| 2003-12-31 | $24.95 Million | +4.20% |
| 2002-12-31 | $23.94 Million | +10.31% |
| 2001-12-31 | $21.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lake Shore Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8839800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $88.40 Million | 62.41% |
| Common Stock | $78.00K | 0.06% |
| Other Comprehensive Income | $-7.70 Million | -5.44% |
| Other Components | $60.87 Million | 42.97% |
| Total Equity | $141.64 Million | 100.00% |
Lake Shore Bancorp Inc Competitors by Market Cap
The table below lists competitors of Lake Shore Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greystone Housing Impact Investors LP
NYSE:GHI
|
$127.47 Million |
|
Acres Commercial Realty Corp
NYSE:ACR
|
$127.50 Million |
|
Hanpin Electron Co Ltd
TW:2488
|
$127.53 Million |
|
Alpha Technology Group Limited Ordinary Shares
NASDAQ:ATGL
|
$127.59 Million |
|
John Hancock Income Securities Closed Fund
NYSE:JHS
|
$127.30 Million |
|
Mnc Investama Tbk
JK:BHIT
|
$127.28 Million |
|
Alpha Cognition Inc
NASDAQ:ACOG
|
$127.19 Million |
|
Connect Biopharma Holdings Ltd
NASDAQ:CNTB
|
$127.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lake Shore Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 89,868,000 to 141,639,000, a change of 51,771,000 (57.6%).
- Net income of 7,269,000 contributed positively to equity growth.
- Dividend payments of 1,019,000 reduced retained earnings.
- Share repurchases of 51,000 reduced equity.
- New share issuances of 43,239,000 increased equity.
- Other comprehensive income increased equity by 2,261,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.27 Million | +5.13% |
| Dividends Paid | $1.02 Million | -0.72% |
| Share Repurchases | $51.00K | -0.04% |
| Share Issuances | $43.24 Million | +30.53% |
| Other Comprehensive Income | $2.26 Million | +1.6% |
| Other Changes | $72.00K | +0.05% |
| Total Change | $- | 57.61% |
Book Value vs Market Value Analysis
This analysis compares Lake Shore Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.90x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 6.77x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $2.54 | $17.17 | x |
| 2002-12-31 | $2.80 | $17.17 | x |
| 2003-12-31 | $2.92 | $17.17 | x |
| 2004-12-31 | $3.09 | $17.17 | x |
| 2005-12-31 | $3.27 | $17.17 | x |
| 2006-12-31 | $6.00 | $17.17 | x |
| 2007-12-31 | $6.39 | $17.17 | x |
| 2008-12-31 | $6.62 | $17.17 | x |
| 2009-12-31 | $6.94 | $17.17 | x |
| 2010-12-31 | $7.05 | $17.17 | x |
| 2011-12-31 | $8.28 | $17.17 | x |
| 2012-12-31 | $8.66 | $17.17 | x |
| 2013-12-31 | $8.43 | $17.17 | x |
| 2014-12-31 | $12.48 | $17.17 | x |
| 2015-12-31 | $12.39 | $17.17 | x |
| 2016-12-31 | $12.55 | $17.17 | x |
| 2017-12-31 | $12.76 | $17.17 | x |
| 2018-12-31 | $13.17 | $17.17 | x |
| 2019-12-31 | $96.00 | $17.17 | x |
| 2020-12-31 | $10.65 | $17.17 | x |
| 2021-12-31 | $11.03 | $17.17 | x |
| 2022-12-31 | $10.19 | $17.17 | x |
| 2023-12-31 | $10.87 | $17.17 | x |
| 2024-12-31 | $11.80 | $17.17 | x |
| 2025-12-31 | $19.04 | $17.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lake Shore Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.38%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 5.14x
- Recent ROE (5.13%) is below the historical average (5.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 9.50% | 96.18% | 0.01x | 9.86x | $-107.50K |
| 2002 | 9.34% | 111.47% | 0.01x | 9.94x | $-158.20K |
| 2003 | 6.04% | 72.70% | 0.01x | 12.17x | $-987.70K |
| 2004 | 8.10% | 29.15% | 0.02x | 12.25x | $-512.50K |
| 2005 | 7.34% | 11.54% | 0.05x | 11.92x | $-745.50K |
| 2006 | 3.38% | 9.29% | 0.06x | 6.59x | $-3.56 Million |
| 2007 | 3.40% | 8.81% | 0.06x | 6.69x | $-3.53 Million |
| 2008 | 2.71% | 6.53% | 0.06x | 7.52x | $-3.95 Million |
| 2009 | 3.90% | 9.77% | 0.05x | 7.68x | $-3.38 Million |
| 2010 | 5.51% | 13.02% | 0.05x | 8.68x | $-2.48 Million |
| 2011 | 5.75% | 16.41% | 0.05x | 7.64x | $-2.71 Million |
| 2012 | 5.41% | 16.73% | 0.04x | 7.20x | $-3.07 Million |
| 2013 | 5.73% | 18.08% | 0.04x | 7.39x | $-2.78 Million |
| 2014 | 4.41% | 15.70% | 0.04x | 6.81x | $-4.00 Million |
| 2015 | 4.52% | 16.45% | 0.04x | 6.41x | $-4.05 Million |
| 2016 | 4.62% | 16.28% | 0.04x | 6.43x | $-4.09 Million |
| 2017 | 4.31% | 15.31% | 0.04x | 6.62x | $-4.46 Million |
| 2018 | 5.01% | 16.66% | 0.04x | 6.84x | $-3.98 Million |
| 2019 | 0.71% | 15.27% | 0.04x | 1.06x | $-53.53 Million |
| 2020 | 5.30% | 16.68% | 0.04x | 7.99x | $-4.03 Million |
| 2021 | 7.03% | 22.22% | 0.04x | 8.11x | $-2.61 Million |
| 2022 | 7.03% | 19.38% | 0.04x | 8.62x | $-2.41 Million |
| 2023 | 5.59% | 13.25% | 0.05x | 8.40x | $-3.81 Million |
| 2024 | 5.49% | 12.94% | 0.06x | 7.63x | $-4.06 Million |
| 2025 | 5.13% | 18.38% | 0.05x | 5.14x | $-6.89 Million |
Industry Comparison
This section compares Lake Shore Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,529,438,500
- Average return on equity (ROE) among peers: 7.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lake Shore Bancorp Inc (LSBK) | $142.38 Million | 9.50% | 4.07x | $127.38 Million |
| Ameris Bancorp (ABCB) | $279.02 Million | 5.17% | 9.82x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $19.89 Billion | 1.32% | 0.03x | $5.85 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $43.92 Million | 3.67% | 4.15x | $137.20 Million |
| Alerus Financial Corp (ALRS) | $141.28 Million | 11.51% | 8.36x | $775.72 Million |
| Amalgamated Bank (AMAL) | $707.65 Million | 15.04% | 10.67x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $704.74 Million | 3.35% | 10.97x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $213.97 Million | 11.53% | 10.43x | $658.52 Million |
| Associated Banc-Corp (ASB) | $3.09 Billion | 6.48% | 8.43x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $116.55 Million | 6.07% | 10.46x | $62.43 Million |
About Lake Shore Bancorp Inc
Lake Shore Bancorp, Inc. operates as the bank holding company for Lake Shore Bank that provides banking products and services in New York. The company accepts various deposit products, such as regular savings deposits, including Christmas Club and statement savings accounts; NOW accounts; money market savings and checking accounts; interest-bearing and non-interest bearing checking accounts, such… Read more