Lenders › Lake Shore Savings Bank
Lake Shore Savings Bank
HMDA reporter, headquartered in Dunkirk, New York. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
Lake Shore Savings Bank reported 188 mortgage applications under the Home Mortgage Disclosure Act for 2024 in New York, of which 120 became loans it originated, for $27m in total.
Its denial rate, the share of decided applications the lender denied, was 24.1%, close to the national rate of 24.3% and close to the New York rate of 25.4%. 13 applications were withdrawn by the applicant and 9 files were closed for incompleteness; those are not counted in the denial rate.
By loan purpose the originations were mostly home purchase (38%) and home improvement (21%); by loan type, conventional (100%).
The largest volumes were in New York (120 originations).
Applications were down 44% on 2023.
Compared with New York and the nation
| Measure | This lender | New York, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 24.1% | 25.4% | 24.3% |
| Median rate spread, percentage points | — | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | — | 15.0% | 15.6% |
| Average originated loan | $223k | $446k | $329k |
| Home purchase share of originations | 38.3% | 55.3% | 57.0% |
| FHA-insured share of originations | 0.0% | 7.4% | 13.4% |
| VA-guaranteed share of originations | 0.0% | 2.4% | 7.9% |
| Applications withdrawn by applicant | 6.9% | 11.9% | 14.3% |
New York is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderNew YorkUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 294 |
| 2019 | — | — | — | — | — | 268 |
| 2020 | — | — | — | — | — | 451 |
| 2021 | — | — | — | — | — | 512 |
| 2022 | 622 | 484 | $83m | 5.2% | — | 625 |
| 2023 | 333 | 228 | $43m | 12.5% | — | 333 |
| 2024 | 188 | 120 | $27m | 24.1% | — | 188 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 38% (46)Home improvement 21% (25)Refinancing 14% (17)Cash-out refinancing 8% (10)Other purpose 18% (22)
By type
Conventional 100% (120)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 188 | 120 | 40 | 21.3% |
| FHA-insured | 0 | 0 | 0 | — |
| VA-guaranteed | 0 | 0 | 0 | — |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 0 | 0 | 0 | — |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 120 | 63.8% |
| 2 Application approved but not accepted | 6 | 3.2% |
| 3 Application denied | 40 | 21.3% |
| 4 Application withdrawn by applicant | 13 | 6.9% |
| 5 File closed for incompleteness | 9 | 4.8% |
| 6 Purchased loan | 0 | 0.0% |
| 7 Preapproval request denied | 0 | 0.0% |
| 8 Preapproval request approved but not accepted | 0 | 0.0% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 40 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| New York | 188 | 120 | $27m | 24.1% | — |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Chautauqua County | NY | 114 | 76 | $9.8m | 21.4% |
| Erie County | NY | 69 | 41 | $17m | 28.8% |
Up to 30 counties with at least 50 applications, by originations.
Questions and answers
How many mortgages did Lake Shore Savings Bank originate in 2024?
120 loans totalling $27m, from 188 applications reported under HMDA. It also purchased 0 loans from other institutions, which are counted separately.
What is Lake Shore Savings Bank's denial rate and how does it compare?
24.1% of decided applications were denied in 2024, against 24.3% nationally and 25.4% in New York. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does Lake Shore Savings Bank lend in most?
By originations: Chautauqua County, NY (76) and Erie County, NY (41).
What loan types does Lake Shore Savings Bank make?
Conventional 120, FHA 0, VA 0 and USDA 0 originations in 2024; by purpose, home purchase 46, home improvement 25, refinancing 17, cash-out refinancing 10 and other purpose 22.
What reasons did Lake Shore Savings Bank report for denials?
The first denial reason recorded most often was debt-to-income ratio (20), collateral (9) and credit history (8), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain. Lender identity is the LEI and name on its transmittal sheet. This site was built 1 Oct 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.