Lake Shore Bancorp (LSBK) Cash Flow: Operating & Free Cash Flow

Lake Shore Bancorp (LSBK) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Lake Shore Bancorp generated $8.00M of operating cash flow and spent $560.00K on capital expenditures. That left free cash flow of $7.44M, up 196.6% from $2.51M a year earlier, or 18.8% of revenue. It returned $1.73M to shareholders through $1.68M in dividends and $53.00K in share buybacks.

Lake Shore Bancorp Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Lake Shore Bancorp, Inc. (LSBK) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	7.27	4.93	4.82	5.71	6.19	4.56	4.09	4.00	3.38
Depreciation & Amortization	0.61	0.74	0.81	1.35	0.87	0.84	0.81	0.77	0.85
Deferred Income Tax	-0.10	0.13	0.02	-0.19	0.22	-0.49	-0.04	0.14	0.22
Stock Based Compensation	0.56	0.35	0.10	0.34	0.37	0.32	0.44	0.58	0.57
Change in Working Capital	-0.45	-2.51	0.79	0.60	-0.17	-1.93	-1.02	-0.36	-0.12
Change in Accounts Receivable	-0.18	0.02	-0.04	-0.31	0.50	-0.83	-0.24	-0.11	-0.20
Change in Other Working Capital	0.16	-1.45	0.83	0.92	0.30	-1.10	-0.78	-0.25	0.09
Other Operating Activities	0.06	-0.59	-0.33	0.40	0.30	2.31	1.56	0.99	0.93
Net Cash from Operating Activities	8.00	2.51	6.21	8.21	8.55	5.60	5.84	6.11	5.83
Investing Activities
Capital Expenditures	-0.56	0.04	-0.39	-0.41	-0.63	-0.40	-0.81	-0.82	-1.48
Purchases of Investments	0.00	0.00	0.00	-6.14	-29.97	-27.96	-2.27	-16.17	-13.23
Sales/Maturities of Investments	3.31	3.20	13.70	7.51	18.82	20.91	18.83	9.43	18.51
Other Investing Activities	-7.89	4.72	6.21	-58.17	6.03	-54.69	-80.48	-31.53	-40.27
Net Cash from Investing Activities	-8.13	21.12	19.52	-57.20	-5.74	-62.14	-64.73	-39.09	-36.46
Financing Activities
Debt Repayment	-10.35	-25.09	-2.38	15.53	-7.80	-4.90	10.00	-2.30	8.00
Common Stock Issued	43.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-0.05	-0.02	-0.06	-0.09	-2.26	-1.59	-1.42	-1.45	-0.27
Dividends Paid	-1.68	-1.08	0.00	-1.44	-1.08	-1.02	-1.27	-0.88	-0.74
Other Financing Activities	-0.18	-0.08	20.80	-22.96	0.02	76.73	51.12	27.44	19.08
Net Cash from Financing Activities	31.28	-44.22	18.37	-8.95	21.80	69.22	58.43	22.81	26.07
Summary
Net Change in Cash	31.15	-20.60	44.10	-57.95	24.61	12.69	-0.46	-10.16	-4.57
Cash at Beginning of Period	33.13	53.73	9.63	67.59	42.98	30.29	30.75	40.91	45.48
Cash at End of Period	64.28	33.13	53.73	9.63	67.59	42.98	30.29	30.75	40.91
Free Cash Flow	7.44	2.51	5.81	7.80	7.92	5.20	5.03	5.30	4.35
Supplemental Disclosures
Interest Paid	-	14.47	8.63	2.40	2.68	-	-	-	-
Income Taxes Paid	-	1.12	1.32	0.98	1.35	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Lake Shore Bancorp Cash Flow

What is Lake Shore Bancorp's free cash flow?

Lake Shore Bancorp generated free cash flow of $7.44M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $8.00M minus $560.00K of capital expenditures. That was up 196.6% from $2.51M a year earlier. Free cash flow equaled 18.8% of revenue.

How much does Lake Shore Bancorp spend on capital expenditures?

Lake Shore Bancorp spent $560.00K on capital expenditures in fiscal 2025, compared with $41.00K a year earlier. That equals 7.0% of operating cash flow.

Does Lake Shore Bancorp pay dividends or buy back shares?

Yes. In fiscal 2025 Lake Shore Bancorp returned $1.68M in dividends and $53.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition