- Earnings per share of $0.20, an increase of 53.8% compared to $0.13 per share for the third quarter of 2010;
- Net interest income of $3.8 million increased 14.5% compared to the prior year quarter;
- Net interest margin improved by 30 basis points compared to the prior year quarter;
- Return on average equity was 7.57%, an increase of 224 basis points compared to the prior year quarter;
- The Bank’s nonperforming loans to total loans ratio of 0.89% remains significantly below industry averages;
- Total assets of $493.8 million, a 3.1% increase since December 31, 2010; and
- Return on average assets of 0.95%, an increase of 28 basis points compared to third quarter 2010.
Lake Shore Bancorp, Inc. Announces Increased Earnings For Third Quarter And Nine Months Ended September 30, 2011
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