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Lake Shore Bancorp, Inc. (LSBK)

NasdaqGM - NasdaqGM Delayed Price. Currency in USD
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Lake Shore Bancorp, Inc.

31 East Fourth Street
Dunkirk, NY 14048
United States
716-366-4070
http://www.lakeshoresavings.com

SectorFinancial
IndustrySavings & Loans
Full Time Employees100

Key Executives

NameTitlePayExercisedAge
Mr. Daniel P. ReiningaPres, Chief Exec. Officer & Director412.37kN/A58
Ms. Rachel A. FoleyCFO, Principal Accounting Officer & Treasurer250.81kN/A48
Mr. Jeffrey M. WerdeinExec. VP of Commercial Division306.39kN/A50
Ms. Nicole MayCompliance & CRA OfficerN/AN/AN/A
Ms. Janinne Fiegl DuganVP and Human Resource OfficerN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services. The company offers various deposit products, including regular savings deposits, such as Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising demand deposits; health savings accounts; retirement accounts; time deposits; and interest on lawyer accounts, as well as accounts for individuals and commercial accounts for businesses. Its loan portfolio includes one-to four-family residential mortgages, home equity loans, commercial real estate loans, construction loans, business installment loans, lines of credit, and other commercial loans; and consumer loans that include personal consumer loans, overdraft lines of credit, vehicle loans, secured and unsecured property improvement loans, and other secured and unsecured loans. As of April 27, 2017, the company had 11 full-service branch locations in Western New York, including 5 locations in Chautauqua County and 6 locations in Erie County, New York. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. is a subsidiary of Lake Shore, MHC.

Corporate Governance

Lake Shore Bancorp, Inc.’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.