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Overview / Commentary
516-671-4900
10 Glen Head Road
Glen Head, NY 11545

For eighty years, The First National Bank of Long Island has a reputation for consistently providing customers with the highest caliber of service uniquely tailored to meet their banking needs. Their branches are professionally staffed and conveniently located on Long Island and in Manhattan. Just as in 1927, their philosophy is evident in their traditional style of banking. They still greet their customers by name and answer their own phones. Exceptional service, attention to detail, and the delivery of creative financing solutions are what their customers have grown to expect from them.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 The First National Bank of Long Island had $4.5 million in non-current loans and owned real-estate with $226.65 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Long Island a Texas Ratio of 1.98% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for The First National Bank of Long Island experienced no significant changes from 1.85% as of December 31, 2012 to 1.98% as of December 31, 2013, resulting in a negative change of 7.22%. This indicates that the balance sheet and financial strength for The First National Bank of Long Island has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The First National Bank of Long Island has increased its total deposits by $149.74 million, resulting in 9.16% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The First National Bank of Long Island has shown is excellent.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The First National Bank of Long Island has $2.4 billion in assets with $226.65 million in equity, resulting in a capitalization level of 9.45%, which is average.

Institution Statistics

Overall
FDIC Certificate #7072
Year Established1927
Employees260
Primary RegulatorOCC
Assets and Liabilities
Assets$2.40 billion
Loans$1.46 billion
Deposits$1.78 billion
Equity Capital$205.81 million
Loan Loss Allowance$20.85 million
Unbacked Noncurrent Loans$4.50 million
Real Estate Owned$0
Historic Data - December 2012
Assets$2.11 billion
Equity Capital$202.88 million
Loan Loss Allowance$18.62 million
Unbacked Noncurrent Loans$4.50 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.92%
Return on Assets0.97%
Return on Equity10.89%
Interest Income$74.85 million
Rates

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Locations

The First National Bank of Long Island has 36 locations. Click to view all The First National Bank of Long Island locations.