First National Bank of Long Island

First National Bank of Long Island Locations
10 Glen Head Road
Glen Head, NY 11545
516-671-4900
www.fnbli.com
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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Short-Term IRA CD Special At First National Bank Of Long Island In NY (Forum) - 3/31/2012

First National Bank of Long Island is offering a great special rate (2.00% APY for 6 months), but there are two downsides: it's only for an IRA and it requires either direct deposit or 25 customer generated transactions with a personal checking account. T

Special 5-Year CD Rate & Gift at First National Bank of Long Island in NY - Local Only - 9/23/2011

First National Bank of Long Island is having a new-branch special at the bank's Massapequa branch. It's a 5-year CD with a 2.50% APY. Minimum deposit is $500. There's also a gift based on the size of ...

Special 5-Year CD Rate at First National Bank of Long Island in New York - Local Only - 2/27/2011

First National Bank of Long Island is offering a special 5-year CD with a 3.00% APY. Minimum deposit is $1,000, and the maximum is $1,000,000. New money is required. Early withdrawal penalty is 18-mon ...

Special 5-Year CD Rate at Some Branches of First National Bank of Long Island in New York - Local Only - 10/28/2010

Some branches of First National Bank of Long Island are offering a 5-year promotional CD with a 3.15% APY. This is a simple interest CD with a minimum deposit of $500. A checking account is required. ...

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Data for Q1 2012


Institution Statistics


The First National Bank of Long Island
FDIC Certificate #7072
BankRate ReportView
Year Established1927
Employees242
Primary RegulatorOCC

Assets and Liabilities

Assets$2.08 billion
Loans$999.79 million
Deposits$1.56 billion
Equity Capital$193.21 million
Loan Loss Allowance$17.25 million
Unbacked Noncurrent Loans$2.72 million

Historic Data - March 2011

Assets$1.73 billion
Equity Capital$164.73 million
Loan Loss Allowance$14.87 million
Unbacked Noncurrent Loans$3.84 million

Profit Margin - Quarterly

Net Interest Margin3.08%
Return on Assets1.05%
Return on Equity11.21%
Interest Income$19.51 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 March 31, 2012 First National Bank of Long Island had $2.72 million in non-current loans and owned real-estate with $210.46 million in equity and loan loss allowances on hand to cover it. This gives First National Bank of Long Island a Texas Ratio of 1.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for First National Bank of Long Island decreased slightly from 2.14% as of March 31, 2011 to 1.29% as of March 31, 2012, resulting in a positive change of 39.43%.This indicates that the balance sheet and financial strength for First National Bank of Long Island has improved slightly in recent periods.
Deposit Growth5
In the past year, First National Bank of Long Island has increased its total deposits by $205.69 million, resulting in 15.15% 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 First National Bank of Long Island has shown is excellent.
Capitalization4
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. First National Bank of Long Island has $2.08 billion in assets with $210.46 million in equity, resulting in a capitalization level of 10.11%, which is above average.
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