{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-046214","form_type":"8-K","ticker":null,"cik":"0001341318","company_name":"LAKE SHORE BANCORP, INC.","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.023671+00:00","generated_at":"2026-06-03T13:37:08.266552+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Lake Shore Bancorp Q1 net income falls 39.8% to $1.0M; dividend waiver approved up to $0.72/share","bullets":["Net income $1.0M ($0.17 diluted EPS) vs $1.7M ($0.29) in Q1 2023, down 39.8%.","Net interest margin narrowed to 3.10% from 3.76% YoY; net interest income fell 18.4% to $5.1M.","MHC members approved waiver of dividends allowing up to $0.72/share over next year, pending Fed non-objection.","Total deposits rose $3.8M (0.6%) to $594.7M; repaid $11M brokered CDs and $10M FHLBNY borrowings.","Non-interest expense down $522K (9.5%) led by lower professional services; NPA ratio rose to 0.55%."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-046214","json":"https://secwatch.observer/filing/0000950170-24-046214.json","markdown":"https://secwatch.observer/filing/0000950170-24-046214.md","text":"https://secwatch.observer/filing/0000950170-24-046214.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1341318/000095017024046214/0000950170-24-046214-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1341318/000095017024046214/lsbk-20240422.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T13:37:08.266552+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e1d00c156b54f716d4dbc44d6e2e741e846ecd9","claim":"LAKE SHORE BANCORP, INC. reported the 2024 first quarter results: net income $1.0 million, or $0.17 per diluted share, EPS $0.17 per diluted share.","evidence_excerpt":"Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.0 million, or $0.17 per diluted share, for the 2024 first quarter compared to net income of $1.7 million, or $0.29 per diluted share, for the 2023 first quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1341318/000095017024046214/0000950170-24-046214-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the 2024 first quarter"},{"label":"Net income","value":"$1.0 million, or $0.17 per diluted share"},{"label":"EPS","value":"$0.17 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}