$LSBK
LAKE SHORE BANCORP, INC.

2024 Q2 Form 10-Q Financial Statement

#000095017024060394 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $8.754M $8.609M
YoY Change 3.35% 8.28%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $191.0K $194.0K
YoY Change -6.83% -0.51%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $3.548M $3.476M
YoY Change 57.27% 109.4%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.332M $1.197M
YoY Change 26.5% -38.71%
Income Tax $216.0K $183.0K
% Of Pretax Income 16.22% 15.29%
Net Earnings $1.116M $1.014M
YoY Change 36.76% -39.79%
Net Earnings / Revenue 12.75% 11.78%
Basic Earnings Per Share $0.19 $0.17
Diluted Earnings Per Share $0.19 $0.18
COMMON SHARES
Basic Shares Outstanding 5.737M 5.685M
Diluted Shares Outstanding 5.886M 5.846M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $118.3M $113.6M
YoY Change 17.17% 1.02%
Cash & Equivalents $60.99M $54.95M
Short-Term Investments $57.31M $58.68M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $7.491M $7.681M
YoY Change -8.75% -6.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $711.0M $717.6M
YoY Change -0.42% -1.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.089M $8.708M
YoY Change -8.73% 7.6%
Total Long-Term Liabilities $8.089M $8.708M
YoY Change -8.73% 7.6%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $8.089M $8.708M
Total Liabilities $624.1M $631.1M
YoY Change -1.04% -2.46%
SHAREHOLDERS EQUITY
Retained Earnings $80.73M $79.97M
YoY Change 5.34% 5.47%
Common Stock $31.54M $31.53M
YoY Change 0.09% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.22M $13.78M
YoY Change -3.62% 0.61%
Treasury Stock Shares
Shareholders Equity $86.93M $86.51M
YoY Change
Total Liabilities & Shareholders Equity $711.0M $717.6M
YoY Change -0.42% -1.74%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $1.116M $1.014M
YoY Change 36.76% -39.79%
Depreciation, Depletion And Amortization $191.0K $194.0K
YoY Change -6.83% -0.51%
Cash From Operating Activities $574.0K -$32.00K
YoY Change -71.1% -102.29%
INVESTING ACTIVITIES
Capital Expenditures $1.000K $5.000K
YoY Change -99.44% -96.58%
Acquisitions
YoY Change
Other Investing Activities $12.19M $8.416M
YoY Change 0.25% -33764.0%
Cash From Investing Activities $12.19M $8.411M
YoY Change 1.73% -5018.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $10.00M
YoY Change 952.63%
Cash From Financing Activities -6.727M -7.156M
YoY Change -60.71% -125.67%
NET CHANGE
Cash From Operating Activities 574.0K -32.00K
Cash From Investing Activities 12.19M 8.411M
Cash From Financing Activities -6.727M -7.156M
Net Change In Cash 6.034M 1.223M
YoY Change -291.13% -95.8%
FREE CASH FLOW
Cash From Operating Activities $574.0K -$32.00K
Capital Expenditures $1.000K $5.000K
Free Cash Flow $573.0K -$37.00K
YoY Change -68.33% -102.95%

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CY2023Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-141000
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-352000
CY2023Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-625000
CY2023Q1 lsbk Recovery On Previously Impaired Investment Securities
RecoveryOnPreviouslyImpairedInvestmentSecurities
2000
CY2024Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
11000
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
1000
CY2023Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-49000
CY2024Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
194000
CY2023Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
195000
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
73000
CY2024Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
215000
CY2023Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
105000
CY2024Q1 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
23000
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
22000
CY2024Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
15000
CY2023Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
-49000
CY2024Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
148000
CY2023Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
36000
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
141000
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-409000
CY2024Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8000
CY2024Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-634000
CY2023Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-279000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-32000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1417000
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
743000
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
871000
CY2023Q1 us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
1248000
CY2024Q1 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
450000
CY2023Q1 us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
1080000
CY2024Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-601000
CY2023Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
728000
CY2024Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
6585000
CY2024Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
37000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
146000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8411000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-171000
CY2024Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
3780000
CY2023Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
25088000
CY2024Q1 lsbk Net Decrease Increase In Advances From Borrowers For Taxes And Insurance
NetDecreaseIncreaseInAdvancesFromBorrowersForTaxesAndInsurance
-897000
CY2023Q1 lsbk Net Decrease Increase In Advances From Borrowers For Taxes And Insurance
NetDecreaseIncreaseInAdvancesFromBorrowersForTaxesAndInsurance
-888000
CY2023Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-10566000
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15250000
CY2024Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
10000000
CY2023Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
950000
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
22000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
18000
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
17000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
56000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7156000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27860000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1223000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
29106000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53730000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9633000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54953000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38739000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
3979000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
1489000
CY2024Q1 lsbk Unrealized Gain Loss On Securities Available For Sale
UnrealizedGainLossOnSecuritiesAvailableForSale
-1009000
CY2023Q1 lsbk Unrealized Gain Loss On Securities Available For Sale
UnrealizedGainLossOnSecuritiesAvailableForSale
1589000
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
71564000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
37000
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
12919000
CY2024Q1 us-gaap Marketable Securities
MarketableSecurities
58682000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
72325000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
35000
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
11918000
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
60442000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
275000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
5000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
58267000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
12914000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
58542000
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
12919000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
6570000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1067000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
53704000
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
10847000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
60274000
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
11914000
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
3
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
174
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
177
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
58500000
CY2024Q1 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
322000
CY2023Q4 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
260000
CY2024Q1 us-gaap Availableforsale Securities Sold At Par
AvailableforsaleSecuritiesSoldAtPar
0
CY2023Q1 us-gaap Availableforsale Securities Sold At Par
AvailableforsaleSecuritiesSoldAtPar
0
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
2110000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1950000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
9463000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
8294000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
31194000
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
23926000
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
558068000
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
558536000
CY2024Q1 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
3624000
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
FinancingReceivableUnamortizedLoanCommitmentOriginationFeeAndPremiumDiscount
3755000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6237000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6463000
CY2024Q1 us-gaap Notes Receivable Net
NotesReceivableNet
555455000
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
555828000
CY2024Q1 lsbk Loan Pledged As Collateral
LoanPledgedAsCollateral
54000000
CY2023 lsbk Loan Pledged As Collateral
LoanPledgedAsCollateral
55800000
CY2024Q1 us-gaap Net Investment In Lease Accrued Interest After Allowance For Credit Loss
NetInvestmentInLeaseAccruedInterestAfterAllowanceForCreditLoss
2500000
CY2023Q4 us-gaap Net Investment In Lease Accrued Interest After Allowance For Credit Loss
NetInvestmentInLeaseAccruedInterestAfterAllowanceForCreditLoss
2500000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6463000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
8000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
5000
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-223000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6237000
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
6237000
CY2024Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
558068000
CY2024Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1380000
CY2024Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
556688000
CY2024Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
3624000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7065000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
16000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
2000
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-625000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6708000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
6708000
CY2023Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
577238000
CY2023Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
164000
CY2023Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
577074000
CY2023Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
3878000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
6463000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
6463000
CY2023Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
558536000
CY2023Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1382000
CY2023Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
557154000
CY2023Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
3755000
CY2024Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3957000
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3347000
CY2024Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
3957000
CY2023Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
3347000
CY2024Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
0
CY2023Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
0
CY2024Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
558068000
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
558536000
CY2024Q1 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
0
CY2024Q1 lsbk Financing Receivable Modified Number Of Contracts Subsequent Default
FinancingReceivableModifiedNumberOfContractsSubsequentDefault
0
CY2023Q1 lsbk Financing Receivable Modified Number Of Contracts Subsequent Default
FinancingReceivableModifiedNumberOfContractsSubsequentDefault
0
CY2024Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
16000
CY2023Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
34000
CY2024Q1 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
232000
CY2023Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
158000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
1014000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1684000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5846255
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5881849
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5846255
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5881849
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2024Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
356000
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
487000
CY2024Q1 lsbk Number Of Stock Based Compensation Plans
NumberOfStockBasedCompensationPlans
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CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
54953000
CY2024Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
54953000
CY2024Q1 us-gaap Marketable Securities
MarketableSecurities
58682000
CY2024Q1 us-gaap Marketable Securities
MarketableSecurities
58682000
CY2024Q1 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
1843000
CY2024Q1 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
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1843000
CY2024Q1 us-gaap Notes Receivable Net
NotesReceivableNet
555455000
CY2024Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
531846000
CY2024Q1 us-gaap Interest Receivable
InterestReceivable
2983000
CY2024Q1 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
2983000
CY2024Q1 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
29569000
CY2024Q1 lsbk Bank Owned Life Insurance Fair Value Disclosure
BankOwnedLifeInsuranceFairValueDisclosure
29569000
CY2024Q1 us-gaap Servicing Asset
ServicingAsset
188000
CY2024Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
188000
CY2024Q1 us-gaap Deposits
Deposits
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CY2024Q1 us-gaap Deposits Fair Value Disclosure
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592740000
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
25250000
CY2024Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
24853000
CY2024Q1 us-gaap Interest Payable Current And Noncurrent
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326000
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
326000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53730000
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
53730000
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
60442000
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
60442000
CY2023Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
2293000
CY2023Q4 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
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2293000
CY2023Q4 us-gaap Notes Receivable Net
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555828000
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
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530735000
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
2835000
CY2023Q4 us-gaap Other Assets Fair Value Disclosure
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2835000
CY2023Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
29355000
CY2023Q4 lsbk Bank Owned Life Insurance Fair Value Disclosure
BankOwnedLifeInsuranceFairValueDisclosure
29355000
CY2023Q4 us-gaap Servicing Asset
ServicingAsset
191000
CY2023Q4 us-gaap Servicing Asset At Fair Value Amount
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191000
CY2023Q4 us-gaap Deposits
Deposits
590924000
CY2023Q4 us-gaap Deposits Fair Value Disclosure
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589243000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
35250000
CY2023Q4 us-gaap Long Term Debt Fair Value
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34757000
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
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829000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
829000
CY2024Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
-1009000
CY2024Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
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CY2024Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
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CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
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CY2024Q1 lsbk Other Comprehensive Income Recovery On Previously Impaired Investment Securities Included In Net Income Before Tax
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0
CY2024Q1 lsbk Other Comprehensive Income Recovery On Previously Impaired Investment Securities Included In Net Income Tax
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0
CY2024Q1 lsbk Other Comprehensive Income Loss Reclassification Adjustment For Recovery On Previously Impaired Investments Included In Net Income Net Of Tax
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0
CY2023Q1 lsbk Other Comprehensive Income Recovery On Previously Impaired Investment Securities Included In Net Income Before Tax
OtherComprehensiveIncomeRecoveryOnPreviouslyImpairedInvestmentSecuritiesIncludedInNetIncomeBeforeTax
3000
CY2023Q1 lsbk Other Comprehensive Income Recovery On Previously Impaired Investment Securities Included In Net Income Tax
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-1000
CY2023Q1 lsbk Other Comprehensive Income Loss Reclassification Adjustment For Recovery On Previously Impaired Investments Included In Net Income Net Of Tax
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2000
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-798000
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1586000
CY2023Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
333000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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1253000
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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