Lake Shore Bancorp reports Q1 EPS 29c vs. 18c last year

Total assets at March 31, 2023 were $730.1 million, a $30.2 million increase, or 4.3%, as compared to $699.9 million at December 31, 2022. Reports book value per share $14.70. "We are pleased with Lake Shore’s financial results during the first quarter of 2023," stated Kim Liddell, President and CEO. "We, like most Banks, were susceptible to the rapidly rising rate environment and increased interest expenses during the first quarter. Even with those headwinds Lake Shore performed well, a testament to its core strength of building relationships one customer at a time for the last 132 years."