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Lake Shore Bancorp, Inc. reports first quarter net income

May 4, 2014
Observer Today

Lake Shore Bancorp, Inc., the holding company for Lake Shore Savings Bank, announced first quarter 2014 net income of $0.8 million, or $0.14 per diluted share, compared to net income of $0.9 million, or $0.16 per diluted share, for the first quarter of 2013. The lower net income, as compared to first quarter 2013, was a reflection of slight decreases in both net interest income and non-interest income, and increased non-interest expense partially offset by a $45,000 reduction to the provision for loan losses.

 
 

 

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