Lake Shore Bancorp (Lake Shore Bancorp) Financial Strength : 4 (As of Dec. 2023)

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What is Lake Shore Bancorp Financial Strength?

Lake Shore Bancorp has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Lake Shore Bancorp's interest coverage with the available data. Lake Shore Bancorp's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.36. Altman Z-Score does not apply to banks and insurance companies.

Lake Shore Bancorp Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Lake Shore Bancorp's Interest Expense for the months ended in Dec. 2023 was $-3.06 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $35.25 Mil.

Lake Shore Bancorp's Interest Coverage for the quarter that ended in Dec. 2023 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Lake Shore Bancorp's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	35.25)	/	25.924
	=	1.36

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.

Lake Shore Bancorp (NAS:LSBK) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Lake Shore Bancorp has the Financial Strength Rank of 4.

Lake Shore Bancorp Financial Strength 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 » Financial Strength

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