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Lake Shore’s 4Q net income rises 4.8 percent

Lake Shore Bancorp reported a 4.8 percent increase in its fourth quarter net income from a year ago, to $834,000, bolstered by an increase in net interest income.

The Dunkirk-based parent company for Lake Shore Savings Bank recorded earnings per share of 14 cents, which was unchanged from a year earlier.

The bank’s full-year net income increased 5.7 percent from 2014, to $3.34 million.

“Lake Shore finished 2015 on a strong note with improved earnings performance, an expanding interest rate margin and a solid balance sheet that is better positioned for the changing interest rate environment,” said Daniel P. Reininga, president and CEO, in a statement.