Lake Shore Bancorp (Lake Shore Bancorp) Total Deposits : $590.92 Mil (As of Dec. 2023)

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What is Lake Shore Bancorp Total Deposits?

Lake Shore Bancorp's annual total deposits declined from Dec. 2021 ($593.18 Mil) to Dec. 2022 ($570.12 Mil) but then increased from Dec. 2022 ($570.12 Mil) to Dec. 2023 ($590.92 Mil).

Lake Shore Bancorp Total Deposits Historical Data

The historical data trend for Lake Shore Bancorp's Total Deposits 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 Total Deposits Chart

Lake Shore Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Deposits

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483.48

560.26

593.18

570.12

590.92

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
Total Deposits	Get a 7-Day Free Trial															595.21	581.97	584.16	590.92	594.70

Lake Shore Bancorp Total Deposits Calculation

Total Deposits that banks' customers have in their accounts. This is an very important source of banks' liquidity.

When banks' customers flood to their banks to take their deposit out, it may be called "Bank Run", which may bring down a bank due to liquidity issues.

Lake Shore Bancorp (Lake Shore Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lake Shore Bancorp Inc (NAS:LSBK) » Definitions » Total Deposits

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