Lake Shore Bancorp, Inc. · NASDAQ:LSBK
Lake Shore Bancorp — Shareholder Meeting (May 2026)
26 slides from Lake Shore Bancorp's shareholder meeting presentation, May 20, 2026
Slide 1: Annual Shareholders' Meeting – May 2026
LAKE SHORE BANCORP, INC. Annual Shareholders’ Meeting – May 2026 Putting People First Since 1891.
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about the Company’s and the Bank’s industry, and management’s beliefs and
Slide 3: Agenda
Agenda Call to Order – Kevin M. Sanvidge, Chairman Introduction of Directors and Director Nominees Secretary’s Report Presentation of Proposals President’s Report to Shareholders Vote Report Adjournment
Slide 4: Proposals Summary
Proposals Summary Election of Directors: Michelle M. DeBergalis Jack L. Mehltretter Dennis S. Pollack Approve, on an advisory basis, a non-binding resolution regarding the compensation of our named executive officers. Choose the frequency of the advisory vote on the non-binding resolution to approve
Slide 5: An Overview of Lake Shore
An Overview of Lake Shore Lake Shore Bancorp, Inc. (Nasdaq: LSBK) serves as the bank holding company for Lake Shore Bank Lake Shore Bank, a New York chartered commercial bank, is a community-oriented financial institution in Western New York with a longstanding history of community banking since 189
Slide 6: Investment Highlights
REINVIGORATED MANAGEMENT TEAM …executing the value-centric Lake Shore strategy, driving the Company to new heights and record earnings. FORTRESS BALANCE SHEET, HIGH LIQUIDITY …exceptional capital levels and high balance sheet liquidity, allowing for flexibility while maintaining attractive dividends
Slide 7: 1st Quarter 2026 Highlights
1st Quarter 2026 Highlights EARNINGS & PROFITABILITY Net income of $1.9 million, or $0.26 earnings per diluted share ROAA of 1.07% Net interest margin of 4.02%, up 17bps from the linked quarter Efficiency ratio of 69.58% DEPOSITS Total deposits of $567 million Cost of interest-bearing deposits of 2.
Slide 8: Putting People First. Community Reinvestment Grants
Putting People First. COMMUNITY REINVESTMENT GRANTS We are proud to continue our tradition of Putting People First throughout our communities by awarding a series of Community Reinvestment Grants to help fund vital programs and services to local non-profit organizations. Helping Local Businesses and
Slide 9: Growing Western New York Region
Growing Western New York Region DEMOGRAPHIC DATA HIGHLIGHTS (ERIE & CHAUTAUQUA COUNTIES) 10 Full-Service Branches 1.1M 2026 Population $67K 2026 Median Household Income 8.2% 2026-2031 Median HHI Change “Western New York’s time has come. The region’s profile has risen with news of the area’s affordab
Slide 10: Deep History, Rooted in Western New York
LSBK STOCK PRICE SINCE APRIL 2023 TOTAL ASSETS SINCE MHC IPO ($M) Deep History, Rooted in Western New York Lake Shore chartered in Western New York 1891 100th year of service, total assets approach $100 million 1991 Introduced and revamped online banking products 2014 Growth in Erie and Chautauqua c
Slide 11: Financial Highlights
Ls LAKE SHORE BANCORP, INC. FINANCIAL HIGHLIGHTS
Slide 12: Quarterly Financial Performance
Quarterly Financial Performance Efforts to grow interest earning assets, as well as increases in asset yields, have been evidenced by steady net interest margin expansion over the last several quarters Margin, as well as net interest income, has also been supported by disciplined deposit pricing lea
Slide 13: Diversified Loan Portfolio
Note: Loan composition shown at bank-level Diversified Loan Portfolio Loan portfolio remains a well-diversified, commercially-focused portfolio Commercial real estate represents just over half of total loans, anchored by strong underwriting, deep market knowledge and long-tenured client relationship
Slide 14: Commercial Real Estate and Offices (CRE) Portfolio Detail
Commercial Real Estate and Offices (CRE) Portfolio Detail TOTAL CRE PORTFOLIO Commercial real estate portfolio is well diversified by collateral type 32.5% of the CRE portfolio is Multifamily properties, which are primarily located in Erie County Current weighted average yield of total CRE portfolio
Slide 15: Liquidity and Deposits
Liquidity and Deposits Note: Consolidated deposit data shown LIQUIDITY SOURCES ($000s) DEPOSIT COMPOSITION 3/31/2026 Strong core deposit franchise with ~16% non-interest bearing balances Minimal reliance on wholesale funding; no brokered deposits or FHLB borrowings as of 3/31/2026 Ample available li
Slide 16: Securities Portfolio
Securities Portfolio (1) Composition reflected at fair-market-value Note: Securities data shown at bank-level; totals may not sum due to rounding; unrealized gains (losses) shown pre-tax Entire portfolio consists of available-for-sale securities Portfolio serves as a source for meeting liquidity nee
Slide 17: Asset Quality
Asset Quality NET CHARGE-OFFS (RECOVERIES) / AVERAGE LOANS NON-PERFORMING ASSETS / TOTAL ASSETS Exceptional credit quality with minimal net charge-offs Non-performing assets remain at their lowest levels since prior to the Great Financial Crisis Disciplined underwriting standards with ongoing focus
Slide 18: Net Interest Margin Management
Net Interest Margin Management NET INTEREST INCOME AND NET INTEREST MARGIN ($000s) EARNING ASSET YIELDs AND COST OF INT. BEARING LIABILITIES Through emphasis on building interest-earning asset balances, increased loan yields and disciplined deposit pricing, we’ve driven steady growth in net interest
Slide 19: Noninterest Income and Expense
Non-interest income was $703 thousand in 1Q26, an increase of $20,000, or 2.9%, as compared to the previous quarter The increase from the prior quarter was primarily due to a $27,000 increase in earnings on annuity assets Non-interest expense was $5.1 million 1Q26, an increase of $203,000, or 4.1%,
Slide 20: Superior Capital Position
Superior Capital Position Adopted the community bank leverage ratio effective January 1, 2020 COMMENTARY Our robust capital position was bolstered further with the completion of the second-step mutual-to-stock conversion in the third quarter of 2025 TCE ratio of 19.7% as of March 31, 2026 Leverage r
Slide 21: Creating Shareholder Value
Creating Shareholder Value Note: Market data as of May 19, 2026 21 Since April of 2023, our revamped management team has focused on efficiency, core products and value-add changes through stability and core growth The completion of our second-step mutual-to-stock conversion on July 18, 2025 was a si
Slide 22: Per Share Data
Per Share Data EARNINGS PER SHARE (EPS) TANGIBLE BOOK VALUE PER SHARE (TBVPS)
Slide 23: Questions and Answers
QUESTIONS AND ANSWERS Ls LAKE SHORE BANCORP, INC.
Slide 24: Appendix
Ls LAKE SHORE BANCORP, INC. APPENDIX
Slide 25: Non-GAAP Reconciliation
Non-GAAP Reconciliation Note: Share and per share information reflects the effects of the Company's conversion and related stock offering for all periods presented, as applicable Tangible common equity to tangible assets (the “tangible common equity ratio”) and tangible book value per share are non-
Slide 26: Non-GAAP Reconciliation (Cont.)
Non-GAAP Reconciliation (Cont.) For periods presented below, efficiency ratio is a non-U.S. GAAP financial measure derived from U.S. GAAP-based amounts. This figure represents the ratio of noninterest expense less other real estate owned operations and amortization of intangible assets expense to th