Lake Shore Bancorp (Lake Shore Bancorp) Allowance For Loans And Lease Losses : $-6.46 Mil (As of Dec. 2023)

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What is Lake Shore Bancorp Allowance For Loans And Lease Losses?

Lake Shore Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-6.46 Mil.

Lake Shore Bancorp's quarterly Allowance For Loans And Lease Losses increased from Jun. 2023 ($-6.76 Mil) to Sep. 2023 ($-6.64 Mil) and increased from Sep. 2023 ($-6.64 Mil) to Dec. 2023 ($-6.46 Mil).

Lake Shore Bancorp's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-6.12 Mil) to Dec. 2022 ($-7.07 Mil) but then increased from Dec. 2022 ($-7.07 Mil) to Dec. 2023 ($-6.46 Mil).

Lake Shore Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for Lake Shore Bancorp's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lake Shore Bancorp Allowance For Loans And Lease Losses Chart

Lake Shore Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-4.27

-5.86

-6.12

-7.07

-6.46

Lake Shore Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-6.71	-6.76	-6.64	-6.46	-

Lake Shore Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Lake Shore Bancorp Allowance For Loans And Lease Losses Related Terms

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Lake Shore Bancorp (Lake Shore Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lake Shore Bancorp Inc (NAS:LSBK) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 East Fourth Street, Dunkirk, NY, USA, 14048

Website

https://www.lakeshoresavings.com

Lake Shore Bancorp Inc operates as a savings and loan holdings company. The bank's business consists of attracting retail deposits from the general public in the areas surrounding its branch offices and investing those deposits, together with funds generated from operations, primarily in commercial real estate loans, one-to-four family residential mortgage loans, home equity lines of credit and, to a lesser extent, commercial business loans, consumer loans, and investment securities. Its revenues are principally derived from interest earned on loans and investment securities.

Executives

Kim C Liddell	Dir., Pres. and CEO of Bank, other: Dir., Pres. and CEO of Bank	31 EAST FOURTH STREET, DUNKIRK NY 14048
Ronald J Passafaro	director	31 EAST FOURTH STREET, DUNKIRK NY 14048
Kevin M. Sanvidge	director, other: Chairman of the Board	128 EAST FOURTH STREET, DUNKIRK NY 14048
Ann M Segarra	director	31 EAST FOURTH STREET, DUNKIRK NY 14048
Taylor Gilden	officer: Chief Financial Officer	31 EAST FOURTH STREET, DUNKIRK NY 14048
John L Mehltretter	director	31 EAST FOURTH STREET, DUNKIRK NY 14048
Jennifer L Zatkos	officer: Chief Operating Officer	31 EAST FOURTH STREET, DUNKIRK NY 14048
Robert V Cortellucci	officer: Chief Technology Officer	31 EAST FOURTH STREET, DUNKIRK NY 14048
Michelle M Debergalis	director	31 EAST FOURTH STREET, DUNKIRK NY 14048
Catharine M Young	director	31 EAST FOURTH STREET, DUNKIRK NY 14048
Tracy Steve Bennett	director	125 EAST FOURTH STREET, DUNKIRK NY 14048
John P Mcgrath	director	31 EAST FOURTH STREET, DUNKIRK NY 14048
Daniel P Reininga	director, officer: President and CEO	125 EAST FOURTH STREET, DUNKIRK NY 14048
Jeffrey M. Werdein	officer: EVP-Commercial Division	31 EAST FOURTH STREET, DUNKIRK NY 14048
Beverly Sutton	officer: Internal Auditor	31 EAST FOURTH STREET, DUNKIRK NY 14048