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Lake Shore Bancorp Inc.`s fourth-quarter net income declined 7 percent, to $3.05 million, or 39 cents a share, from $3.29 million, or 40 cents a share, a year earlier. For the full year, net income rose 2.4 percent, to a record $12.25 million, or $1.55 a share, from $11.96 million, or $1.47 a share, in 1990.
Non-performing assets as of Dec. 31 fell to $2.42 million, or 0.32 percent of total loans, from $4.53 million, or 0.63 percent of loans, on Sept. 30.
