Lake Shore Bancorp (LSBK) Declares $0.08 Quarterly Dividend; 2% Yield
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Lake Shore Bancorp, Inc. Reports First Quarter 2017 Earnings and Declares Dividend
April 27, 2017 10:47 AM EDTDUNKIRK, N.Y., April 27, 2017 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the Company) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the Bank), announced unaudited results for the first quarter 2017.Â
Net income for first quarter 2017 was $716,000, or $0.12 per diluted share, compared to net income of $2.0 million, or $0.33 per diluted share, for first quarter 2016. 2017 first quarter net income reflected a $1.6 million decrease in gains on the sale of securities, a $220,000 increase in provision for loan losses and a $175,000 increase in non-interest expense which was partially offset by a $391,000... More
