Lake Shore sees increase in earnings
Lake Shore Bancorp Inc. on Wednesday reported second-quarter earnings of $1.7 million. On a per-share basis, the Dunkirk, New York-based company said it had profit of 29 cents. “During the first six months of 2022, we produced meaningful growth in our net interest margin, while also significantly enhancing our asset quality. These results have not only improved our net income when compared to 2021, they have also further strengthened our historically robust capital position.” stated Daniel P. Reininga, President and Chief Executive Officer. “Our strong financial and capital ...