Lake Shore Bancorp, Inc. is a mid-tier, federally chartered savings and loan holding company of Lake Shore Savings Bank (the Bank). The Company's operations are conducted out of its corporate headquarters and main branch office in Dunkirk, New York and 10 other branch offices. The Company's branches in Chautauqua County, New York are located in Dunkirk, Fredonia, Jamestown, Lakewood and Westfield. The Company has seven stand-alone automated teller machines (ATMs). The Company is focused on originating commercial real estate and commercial business loans to add adjustable rate loans to its portfolio and diversify the risk on its balance sheet. All of the securities in the Company's portfolio are classified as available for sale. The Company's primary sources of funds are deposits, borrowings, repayments and prepayments of loans and securities principal, proceeds from the sale of securities, proceeds from maturing securities, and cash flows provided by operations.