The first of long island corporation (FLIC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and dividend income:
Loans

117,171

112,784

97,027

82,456

70,558

59,209

51,921

49,651

47,777

45,660

39,753

Taxable

15,212

12,040

7,754

7,981

7,991

9,359

10,164

13,836

16,662

16,879

18,938

Nontaxable

11,467

13,413

13,484

13,686

13,586

13,408

12,766

12,742

11,873

9,864

7,595

Total interest and dividend income

143,850

138,237

118,265

104,123

92,135

81,976

74,851

76,229

76,312

72,403

66,286

Interest expense:
Savings, NOW and money market deposits

18,563

12,105

7,113

5,344

2,564

1,955

2,302

3,393

4,035

4,049

5,287

Time deposits

14,494

10,452

5,479

5,107

5,987

6,171

5,040

5,803

6,052

5,977

6,485

Short-term borrowings

3,261

4,858

1,345

296

183

148

288

195

93

108

221

Long-term debt

7,363

8,315

7,772

7,255

7,795

6,774

4,734

6,736

7,387

6,640

6,341

Total interest expense

43,681

35,730

21,709

18,002

16,529

15,048

12,364

16,127

17,567

16,774

18,334

Net interest income

100,169

102,507

96,556

86,121

75,606

66,928

62,487

60,102

58,745

55,629

47,952

Provision (credit) for loan losses

33

-1,755

4,854

3,480

4,317

3,189

2,997

3,628

4,061

3,973

4,285

Net interest income after provision (credit) for loan losses

100,136

104,262

91,702

82,641

71,289

63,739

59,490

56,474

54,684

51,656

43,667

Noninterest income:
Investment Management Division income

2,010

2,175

2,090

2,000

2,044

2,058

1,872

1,624

1,539

1,465

1,484

Service charges on deposit accounts

3,214

2,634

2,792

2,666

2,577

2,974

3,019

3,053

3,186

3,465

3,503

Net gains (losses) on sales of securities

14

-10,406

-1,866

1,868

1,324

141

16

3,613

138

1,719

1,428

Other

5,373

7,876

5,145

3,970

2,813

2,228

2,138

1,898

1,563

1,284

1,339

Total

10,611

2,279

8,161

10,504

8,758

7,401

7,045

10,188

6,426

7,933

7,754

Noninterest expense:
Salaries and employee benefits

37,111

36,465

32,641

-

-

-

-

-

-

-

-

Salaries

-

-

-

23,258

20,680

18,885

17,160

16,360

15,785

15,458

14,869

Employee benefits and other personnel expense

-

-

-

6,872

6,021

4,833

5,517

5,035

5,066

5,303

5,827

Occupancy and equipment

11,904

11,686

10,245

9,264

8,798

8,880

7,669

7,265

7,148

6,486

6,025

Debt extinguishment

-

-

-

-1,756

-1,084

0

-

-3,812

0

0

-

Other

11,949

11,755

11,966

12,066

10,108

9,433

9,154

8,780

8,710

8,579

8,119

Total noninterest expense

60,964

59,906

54,852

53,216

46,691

42,031

39,500

41,252

36,709

35,826

34,840

Income before income taxes

49,783

46,635

45,011

39,929

33,356

29,109

27,035

25,410

24,401

23,763

16,581

Income tax expense

8,228

5,062

9,889

9,049

7,466

6,095

5,735

5,017

4,944

5,371

3,118

Net income

41,555

41,573

35,122

30,880

25,890

23,014

21,300

20,393

19,457

18,392

13,463

Weighted average:
Common shares

-

-

-

-

-

-

13,633

13,372

8,761

7,899

7,203

Dilutive stock options and restricted stock units

-

-

-

-

-

-

124

128

93

108

106

Total

-

-

-

-

-

-

13,758

13,501

8,854

8,007

7,309

Earnings per share:
Basic

1.68

1.64

1.44

1.35

1.23

1.11

1.56

1.52

2.22

2.33

1.87

Diluted

1.67

1.63

1.43

1.34

1.22

1.10

1.55

1.51

2.20

2.30

1.84

Cash dividends declared per share

0.70

0.64

0.58

0.55

0.52

0.48

0.68

0.64

0.90

0.84

0.76