- Earnings per diluted share of $0.17, an increase of 41.7% over first quarter 2010 earnings per diluted share of $0.12
- Net interest income increased 6.8% compared to the quarter ended March 31, 2010
- Net interest margin improved by 13 basis points to 3.24% for the quarter ended March 31, 2011 compared to 3.11% for the quarter ended December 31, 2010
- Deposits grew by $56.2 million, to $376.8 million, or 17.5%, compared to $320.6 million at March 31, 2010
- Total assets of $483.9 million at March 31, 2011, an increase of 12% compared to $432.0 million at March 31, 2010
- The Bank’s asset quality remained solid with nonperforming loans to total loans at 0.86%
Lake Shore Bancorp Earnings Up 32% In First Quarter 2011
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