The First National Bank of Long Island in Glen Head, New York (NY)
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| The First National Bank of Long Island | |
|---|---|
| General | FDIC Certificate #: 7072 Status: Active Federal Reserve ID: 837000 Bank Holding Company (Regulatory Top Holder): First Of Long Island Corporation, The (RSSDID: 1048894, Location: Glen Head, NY) Date Established: October 01, 1927 WWW: http://www.firstofli.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 34 (Domestic: 34, Interstate: No) FDIC's unique #: 4713 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 09, 2006 Last Structure Change Process Date: July 13, 2006 Last Data Update: July 13, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 10 Glen Head Road, Glen Head, NY 11545 County: Nassau Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: New York City Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Nassau-Suffolk, NY (#5380) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) Core Based Statistical Division: Nassau-Suffolk, NY (#35004) |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $2,021.9 mil Equity capital: $189.3 mil Deposits held in domestic offices: $1,503.5 mil Return on assets (ROA): 1.09% ($22.0 mil) Quarterly return on assets: 0.99% ($20.0 mil) Return on Equity (ROE): 11.54% ($21.8 mil) Quarterly return on equity: 10.44% ($19.7 mil) Net income: $20.1 mil Quarterly Net income: $4.9 mil Pretax return on assets: 1.38% ($27,902.2 mil) Quarterly Pretax return on assets: 1.22% ($24,667.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 251 |
| Total assets | $2,021,902 |
| Cash and due from depository institutions | $29,452 |
| Interest-bearing balances | $3,303 |
| Securities | $956,041 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $969,287 |
| Loan loss allowance | $16,572 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $21,809 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $220 |
| All other assets | $45,093 |
| Life insurance assets | $2,021,902 |
| Total liabilities and capital | $1,832,468 |
| Total liabilities | $1,503,510 |
| Total deposits | $1,067,991 |
| Interest-bearing deposits | $1,503,510 |
| Deposits held in domestic offices | $71 |
| % insured (estimated) | 127227.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $182,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $19,231 |
| All other liabilities | $189,434 |
| Total equity capital | $189,301 |
| Total bank equity capital | $189,301 |
| Perpetual preferred stock | $0 |
| Common stock | $1,923 |
| Surplus | $34,123 |
| Undivided profits | $153,255 |
| Memoranda | |
| Noncurrent loans and leases | $133 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,211 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $9,022 |
| Average Assets, year-to-date | $1,928,631 |
| Average Assets, quarterly | $1,023,432 |
| Volatile liabilities | $1,852,147 |
| Insider loans | $1,980,687 |
| FHLB advances | $843,950 |
| Loans and leases held for sale | $1,946,949 |
| Unused loan commitments | $13,165 |
| Tier 1 (core) risk-based capital | $13,165 |
| Tier 2 risk-based capital | $171,393 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $123,395 |
| Derivatives | $1,722 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $76,312 |
| Total interest expense | $17,569 |
| Net interest income | $58,743 |
| Provision for loan and lease losses | $4,061 |
| Total noninterest income | $6,288 |
| Fiduciary activities | $1,537 |
| Service charges on deposit accounts | $3,186 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,565 |
| Total noninterest expense | $35,631 |
| Salaries and employee benefits | $20,095 |
| Premises and equipment expense | $7,148 |
| Additional noninterest expense | $8,388 |
| Pre-tax net operating income | $25,339 |
| Securities gains (losses) | $138 |
| Applicable income taxes | $5,367 |
| Income before extraordinary items | $20,110 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $20,101 |
| Net charge-offs | $9 |
| Cash dividends | $20,110 |
| Sale, conversion, retirement of capital stock, net | $1,503 |
| Net operating income | $6,790 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.32% |
| Cost of funding earning assets | 1.00% |
| Net interest margin | 3.33% |
| Noninterest income to earning assets | 0.36% |
| Noninterest expense to earning assets | 2.02% |
| Net operating income to assets | 1.08% |
| Return on assets (ROA) | 1.09% |
| Pretax return on assets | 1.38% |
| Return on equity (ROE) | 11.54% |
| Retained earnings to average equity (YTD only) | 7.64% |
| Net charge-offs to loans | 0.16% |
| Credit loss provision to net charge-offs | 270.19% |
| Efficiency ratio | 19.56% |
| Assets per employee | $54,791 |
| Cash dividends to net income (YTD only) | 8.06% |
| Condition Ratios (%) | |
| Loss allowance to loans | 33.78% |
| Loss allowance to noncurrent loans | 1.68% |
| Noncurrent assets plus other real estate owned to assets | 516.10% |
| Noncurrent loans to loans | 0.16% |
| Net loans and leases to deposits | 0.33% |
| Net loans and leases to core deposits | 64.47% |
| Equity capital to assets | 67.87% |
| Core capital (leverage) ratio | 9.36% |
| Tier 1 risk-based capital ratio | 8.80% |
| Total risk-based capital ratio | 20.31% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $1,852,147 |
| Average equity | $174,209 |
| Average loans | $1,765,442 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $137,247 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $130,705 |
| Employee benefit-defined contribution accounts | $22,890 |
| Employee benefit-defined benefit accounts | $11,017 |
| Other retirement accounts | $500 |
| Corporate trust and agency accounts | $35,288 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $60,264 |
| Fiduciary accounts held in foreign offices | $746 |
| Non-managed Assets | $0 |
| Number of Accounts | 237 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $6,542 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $20 |
| Fiduciary accounts held in foreign offices | $6,522 |
| 34 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4713 | The First National Bank Of Long Isla | 10 Glen Head Road, Glen Head, NY 11545 | October 01, 1927 | Full Service Brick and Mortar |  |
| 1 | 213707 | Greenvale Branch | 7 Glen Cove Road, Greenvale, NY 11548 | Febuary 27, 1960 | Full Service Brick and Mortar |  |
| 2 | 213708 | Northport Branch | 711 Fort Salonga Road, Northport, NY 11768 | April 10, 1965 | Full Service Brick and Mortar | |
| 3 | 213709 | Roslyn Heights Branch | 130 Mineola Avenue, Roslyn Heights, NY 11577 | December 01, 1956 | Full Service Brick and Mortar | |
| 5 | 213711 | Old Brookville Branch | 209 Glen Head Road, Glen Head, NY 11545 | January 12, 1974 | Full Service Brick and Mortar | |
| 6 | 213712 | Woodbury Branch | 800 Woodbury Road, Woodbury, NY 11797 | June 04, 1977 | Full Service Brick and Mortar | |
| 7 | 213713 | Lake Success Branch | 3000 Marcus Avenue, Lake Success, NY 11020 | November 09, 1981 | Full Service Brick and Mortar | |
| 9 | 213715 | Hicksville Branch | 106 Old Country Road, Hicksville, NY 11801 | January 19, 1988 | Full Service Brick and Mortar | |
| 12 | 213718 | New Hyde Park Branch | 243 Jericho Turnpike, New Hyde Park, NY 11040 | April 01, 1991 | Full Service Brick and Mortar | |
| 13 | 213719 | Locust Valley Branch | 108 Forest Avenue, Locust Valley, NY 11560 | January 25, 1993 | Full Service Brick and Mortar | |
| 14 | 213720 | Valley Stream Branch | 127 East Merrick Road, Valley Stream, NY 11580 | Febuary 13, 1995 | Full Service Brick and Mortar | |
| 15 | 213721 | Great Neck Branch | 536 Northern Boulevard, Great Neck, NY 11021 | January 15, 1996 | Full Service Brick and Mortar | |
| 16 | 213722 | Huntington Branch | 253 New Yory Ave, Huntington, NY 11743 | June 02, 1997 | Full Service Brick and Mortar | |
| 17 | 213723 | Rockville Centre Branch | 310 Merrick Road, Rockville Centre, NY 11570 | Febuary 17, 1998 | Full Service Brick and Mortar | |
| 18 | 213724 | Hauppauge Branch | 330 Motor Pkwy, Ste 100, Hauppauge, NY 11788 | August 24, 1998 | Full Service Brick and Mortar | |
| 19 | 213725 | Garden City Branch | 1050 Franklin Avenue, Garden City, NY 11530 | January 19, 1999 | Full Service Brick and Mortar | |
| 20 | 213726 | Bohemia Branch | 30 Orville Drive, Bohemia, NY 11716 | September 28, 1998 | Full Service Brick and Mortar | |
| 22 | 359576 | Deer Park Branch | 60 East Industry Court, Deer Park, NY 11729 | Febuary 28, 2001 | Full Service Brick and Mortar | |
| 23 | 359679 | Allen Boulevard Branch | 22 Allen Boulevard, Farmingdale, NY 11735 | December 04, 2000 | Full Service Brick and Mortar | |
| 24 | 360893 | New Highway Branch | 2091 New Highway, Farmingdale, NY 11735 | November 22, 2000 | Full Service Brick and Mortar | |
| 25 | 419297 | 1501 Broadway Branch | 1501 Broadway, New York, NY 10036 | June 02, 2003 | Full Service Brick and Mortar | |
| 26 | 419298 | 225 Broadway Branch | 225 Broadway, New York, NY 10007 | June 02, 2003 | Full Service Brick and Mortar | |
| 27 | 419299 | 37th Street Branch | 232 Madison Avenue, New York, NY 10016 | June 02, 2003 | Full Service Brick and Mortar | |
| 28 | 447283 | Merrick Branch | 1810 Merrick Avenue, Merrick, NY 11566 | December 19, 2005 | Full Service Brick and Mortar | |
| 29 | 458060 | Village Of The Branch | 285 Middle Country Road, Smithtown, NY 11787 | November 06, 2006 | Full Service Brick and Mortar | |
| 30 | 475479 | Babylon Branch | 42 Deer Park Avenue, Babylon, NY 11702 | March 10, 2008 | Full Service Brick and Mortar | |
| 31 | 475494 | Northport Village | 105 Main Street, Northport, NY 11768 | January 02, 2008 | Full Service Brick and Mortar | |
| 32 | 493105 | Port Jefferson Station Branch | Davis Professional Park, Nesconset Hwy, Bldg 4 Suite 21, Port Jefferson Station, NY 11776 | Febuary 05, 2009 | Full Service Brick and Mortar | |
| 33 | 507365 | Cold Spring Harbor Branch | 147 Main Street, Cold Spring Harbor, NY 11724 | March 08, 2010 | Full Service Brick and Mortar | |
| 35 | 510736 | Bayville Branch | 282 Bayville Ave, Bayville, NY 11709 | August 10, 2009 | Full Service Brick and Mortar | |
| 36 | 510737 | Sea Cliff Branch | 299 Sea Cliff Ave, Sea Cliff, NY 11579 | January 04, 2010 | Full Service Brick and Mortar | |
| 37 | 510738 | East Meadow Branch | 1975 Hempstead Turnpike, Suite 103, East Meadow, NY 11554 | May 25, 2010 | Full Service Brick and Mortar | |
| 38 | 511446 | Bellmore Branch | 408 Bedford Avenue, Bellmore, NY 11710 | June 14, 2010 | Full Service Brick and Mortar | |
| 39 | 518651 | Point Lookout Branch | 26a Lido Boulevard, Point Lookout, NY 11569 | Febuary 18, 2011 | Full Service Brick and Mortar | |
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