Lake Shore Bancorp, Inc. · NASDAQ:LSBK
Lake Shore Bancorp — Shareholder Meeting (May 2025)
22 slides from Lake Shore Bancorp's shareholder meeting presentation, May 21, 2025
Slide 1: Annual Shareholders' Meeting May 2025
ANNUAL SHAREHOLDERS’ MEETING May 2025
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 Executive Management Report to Shareholders Vote Report Adjournment LAKE SHORE BANCORP, INC.
Slide 4: Board of Directors
Board of Directors LAKE SHORE BANCORP, INC. Director Since Kevin M. Sanvidge, Chairman of the Board, Loan and Compensation Committee Member 2012 Sharon E. Brautigam, Vice Chairperson of the Board, Nominating and Governance Committee Chairperson, Compensation Committee Member 2004 Michelle M. DeBerga
Slide 5: Business of Annual Shareholders' Meeting
Business of Annual Shareholders’ Meeting Election of Directors: Elect three Class Two directors to serve until the 2028 annual meeting: Class Two Directors Kevin M . Sanvidge Sharon E. Brautigam Ann M. Segarra LAKE SHORE BANCORP, INC.
Slide 6: Business of Annual Shareholders' Meeting (Continued)
Business of Annual Shareholders’ Meeting (Continued) Say on Pay Proposal: A non-binding “say on pay” proposal to approve the compensation of our named executive officers. Appointment of Independent Registered Public Accounting Firm: Ratify the appointment of Yount, Hyde & Barbour, P.C. as the Compan
Slide 7: Executive Management Presentation
Executive Management Presentation Kim C. Liddell, President and Chief Executive Officer LAKE SHORE BANCORP, INC.
Slide 8: An Overview of Lake Shore Bancorp, Inc.
An Overview of Lake Shore Bancorp, Inc. Lake Shore Savings Bank, the wholly-owned subsidiary of Lake Shore Bancorp, Inc., is a federally chartered, community-oriented financial institution headquartered in Dunkirk, New York, with a longstanding history of community banking since 1891 Current focus o
Slide 9: An Overview of Lake Shore Bancorp, Inc. (Continued)
An Overview of Lake Shore Bancorp, Inc. (Continued) LAKE SHORE BANCORP, INC. *ESOP = 2.7% and total insider / director NEO = 4.6% (both inclusive of stock options that can be exercised within 60 days of latest proxy statement filing) ** Book value per share is the same as tangible book value per sha
Slide 10: Financial Highlights
99 Financial Highlights LAKE SHORE BANCORP, INC. * Efficiency Ratio represents non-interest expense divided by the sum of net interest income and non-interest income Note: Financial data is presented for Lake Shore Bancorp’s Fiscal Year Ended December 31 for each respective year or for Lake Shore Ba
Slide 11: Total Assets, Loan Portfolio, Net Income, Deposit Trends
LAKE SHORE BANCORP, INC. *Net income annualized for the quarter ended March 31, 2025 | (1) Construction loans are included in one-to-for family and commercial loan categories beginning in 2023 Note: Financial data is presented for Lake Shore Bancorp’s Fiscal Year Ended December 31 for each respectiv
Slide 12: Loan Loss Reserves and NPAs
Loan Loss Reserves / Total Net Loans LAKE SHORE BANCORP, INC. Note: Financial data is presented for Lake Shore Bancorp’s Fiscal Year Ended December 31 for each respective year and for the three months ended March 31, 2025 NPAs / Total Assets
Slide 13: Gross Loan Portfolio – Office Concentration
Gross Loan Portfolio – Office Concentration LAKE SHORE BANCORP, INC. Includes one-to-for family construction loans (2) Includes commercial construction loans (2) (1)
Slide 14: Change in Deposit Mix
Change in Deposit Mix LAKE SHORE BANCORP, INC.
Slide 15: Uninsured Deposits
Uninsured Deposits LAKE SHORE BANCORP, INC. Uninsured Deposits make up 11.8% of overall deposits.
Slide 16: Net Interest Margin, ROA, Efficiency Ratio
Net Interest Margin LAKE SHORE BANCORP, INC. * Efficiency Ratio represents non-interest expense divided by the sum of net interest income and non-interest income Note: Financial data is presented for Lake Shore Bancorp’s Fiscal Year Ended December 31 for each respective year and for the three months
Slide 17: Creating Shareholder Value
Creating Shareholder Value High capital ratios enable organic growth without diluting shareholder value Elected the Community Bank Leverage Ratio effective January 1, 2020 LAKE SHORE BANCORP, INC. * The tangible book value per share is the same as book value per share for each period presented Note:
Slide 18: Summary
Summary After 134 years in business, we continue to be a local bank that cares about its customers and communities. At Lake Shore Savings Bank, that has always meant “Putting People First.” We will continue to put our customers, communities, and shareholders FIRST, as we adopt new technology, produc
Slide 19: Questions and Answers
QUESTIONS AND ANSWERS Lc Lake Shore Savings Putting People First...
Slide 20: Vote Report, Adjournment of Annual Shareholders' Meeting
Vote Report Adjournment of Annual Shareholder’ Meeting LAKE SHORE BANCORP, INC.
Slide 21: Appendix: Lake Shore Savings Peer Data
Appendix: Lake Shore Savings Peer Data LAKE SHORE BANCORP, INC. Note: Customized peer group displayed; financial data as of the most recent reported quarter Source: S&P Capital IQ Pro
Slide 22: Lake Shore, MHC Annual Meeting of Members
Lake Shore, MHC Annual Meeting of Members Call to Order Introduction of Proposal to Elect Directors Tabulation of Votes Adjournment LAKE SHORE BANCORP, INC.