THE FIRST OF LONG ISLAND CORPORATION FLIC Income Statement

The first of long island corporation (FLIC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income:
Loans
28,931	28,789	29,353	29,613	29,416	29,143	28,471	28,506	26,664	25,217	25,173	23,718	22,919	21,612	20,789	20,241	19,814	19,230	17,637	17,140	16,551	15,588	15,329	14,233	14,059	13,919	13,107	12,563	12,332	12,518	12,535	12,465	12,133	12,037	12,133	11,913	11,694	11,451	11,401
Taxable
3,426	3,486	3,758	3,923	4,045	3,765	3,065	3,001	2,209	1,871	1,806	1,875	2,202	2,061	2,010	2,020	1,890	1,875	1,874	2,124	2,118	2,214	2,336	2,437	2,372	2,399	2,491	2,645	2,629	2,734	3,045	3,904	4,153	4,378	4,432	3,917	3,935	4,004	4,084
Nontaxable
2,565	2,648	2,773	2,954	3,092	3,220	3,323	3,439	3,431	3,372	3,358	3,377	3,377	3,430	3,433	3,420	3,403	3,402	3,392	3,403	3,389	3,405	3,394	3,348	3,261	3,237	3,204	3,167	3,158	3,148	3,140	3,229	3,225	3,220	3,022	2,856	2,775	2,548	2,367
Total interest and dividend income
34,922	34,923	35,884	36,490	36,553	36,128	34,859	34,946	32,304	30,460	30,337	28,970	28,498	27,103	26,232	25,681	25,107	24,507	22,903	22,667	22,058	21,207	21,059	20,018	19,692	19,555	18,802	18,375	18,119	18,400	18,720	19,598	19,511	19,635	19,587	18,686	18,404	18,003	17,852
Interest expense:
Savings, NOW and money market deposits
4,280	4,707	5,015	4,841	4,000	3,282	3,125	3,158	2,540	2,139	1,909	1,574	1,491	1,511	1,490	1,410	933	724	690	605	545	523	474	465	493	513	571	609	609	662	802	898	1,031	1,099	1,109	985	842	860	938
Time deposits
3,042	3,133	4,030	3,933	3,398	2,923	2,952	2,869	1,708	1,493	1,437	1,361	1,188	1,197	1,236	1,299	1,375	1,422	1,495	1,489	1,581	1,632	1,607	1,515	1,417	1,311	1,226	1,221	1,282	1,419	1,463	1,445	1,476	1,551	1,539	1,486	1,476	1,418	1,458
Short-term borrowings
619	692	62	542	1,965	1,832	1,370	873	783	359	257	340	389	142	23	7	124	70	19	13	81	24	50	24	50	66	71	84	67	20	12	70	93	17	10	11	55	13	21
Long-term debt
1,995	1,805	1,883	1,895	1,780	1,916	2,121	2,161	2,117	2,069	2,031	1,902	1,770	1,797	1,792	1,692	1,974	1,918	1,766	2,066	2,045	1,785	1,686	1,666	1,637	1,515	1,223	1,005	991	1,373	1,603	1,883	1,877	1,899	1,908	1,824	1,756	1,658	1,640
Total interest expense
9,936	10,337	10,990	11,211	11,143	9,953	9,568	9,061	7,148	6,060	5,634	5,177	4,838	4,647	4,541	4,408	4,406	4,134	3,970	4,173	4,252	3,964	3,817	3,670	3,597	3,405	3,091	2,919	2,949	3,474	3,880	4,296	4,477	4,566	4,566	4,306	4,129	3,949	4,057
Net interest income
24,986	24,586	24,894	25,279	25,410	26,175	25,291	25,885	25,156	24,400	24,703	23,793	23,660	22,456	21,691	21,273	20,701	20,373	18,933	18,494	17,806	17,243	17,242	16,348	16,095	16,150	15,711	15,456	15,170	14,926	14,840	15,302	15,034	15,069	15,021	14,380	14,275	14,054	13,795
Provision (credit) for loan losses
2,358	-246	314	422	-457	-2,302	-1,768	803	1,512	1,651	1,122	1,293	788	1,970	1,118	139	253	1,915	1,049	942	411	1,045	1,221	982	-59	1,162	1,080	947	-192	725	1,157	623	1,123	1,424	754	1,029	854	825	820
Net interest income after provision (credit) for loan losses
22,628	24,832	24,580	24,857	25,867	28,477	27,059	25,082	23,644	22,749	23,581	22,500	22,872	20,486	20,573	21,134	20,448	18,458	17,884	17,552	17,395	16,198	16,021	15,366	16,154	14,988	14,631	14,509	15,362	14,201	13,683	14,679	13,911	13,645	14,267	13,351	13,421	13,229	12,975
Noninterest income:
Investment Management Division income
548	508	504	517	481	510	508	576	581	525	515	528	522	502	508	514	476	496	509	532	507	501	536	521	500	477	499	485	411	406	392	426	400	378	367	398	396	394	393
Service charges on deposit accounts
987	893	836	780	705	689	658	587	700	673	725	691	703	687	689	656	634	596	656	669	656	671	715	785	803	783	819	708	709	735	744	796	778	749	818	828	791	892	850
Net gains (losses) on sales of securities
-	-	-	-	-	-	-4,960	-	-	-1,940	16	1	57	0	24	1,844	0	-	0	1,133	-	0	23	49	69	12	0	0	4	0	0	3,505	108	16	0	0	122	0	1,153
Other
1,483	1,315	1,380	1,420	1,258	2,780	1,569	1,516	2,011	1,268	1,244	1,462	1,171	1,816	793	717	644	617	654	749	793	557	754	442	475	562	521	505	550	505	517	458	418	432	384	396	351	492	318
Total
3,018	2,730	2,720	2,717	2,444	-1,467	-2,225	2,679	3,292	526	2,500	2,682	2,453	3,005	2,014	3,731	1,754	1,900	1,819	3,083	1,956	1,729	2,028	1,797	1,847	1,834	1,839	1,698	1,674	1,646	1,653	5,185	1,704	1,575	1,569	1,622	1,660	1,778	2,714
Noninterest expense:
Salaries and employee benefits
9,274	10,575	8,555	8,723	9,258	9,118	8,633	9,497	9,217	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Salaries
-	-	-	-	-	-	-	-	-	-	6,386	6,241	6,228	6,821	5,388	5,471	5,578	5,546	5,114	4,968	5,052	5,403	4,601	4,451	4,430	4,668	4,326	3,965	4,201	4,247	4,179	3,886	4,048	3,959	4,028	3,957	3,841	3,881	3,922
Employee benefits and other personnel expense
-	-	-	-	-	-	-	-	-	-	1,866	1,812	1,838	1,724	1,699	1,780	1,669	1,674	1,608	1,376	1,363	1,279	1,203	1,138	1,213	1,349	1,511	1,245	1,412	1,087	1,275	1,391	1,282	1,104	1,363	1,332	1,267	1,411	1,467
Occupancy and equipment
3,072	3,192	2,872	2,903	2,937	2,944	2,864	3,065	2,813	2,721	2,503	2,500	2,521	2,341	2,344	2,202	2,377	2,159	2,070	2,111	2,458	2,433	2,121	2,089	2,237	1,825	1,918	1,928	1,998	1,904	1,794	1,711	1,856	1,742	1,730	1,785	1,891	1,643	1,526
Debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,756	-	-	0	-1,084	-	-	-	-	-	-	-	-	-	-	0	-3,812	-	-	0	0	-	-	-
Other
2,512	2,956	2,903	3,150	2,940	3,027	2,745	3,145	2,838	3,652	2,639	2,915	2,760	3,053	2,543	3,663	2,807	2,741	2,590	2,503	2,274	2,484	2,222	2,417	2,310	2,450	2,206	2,329	2,169	2,307	2,230	2,252	1,991	2,661	1,919	2,062	2,068	2,010	2,040
Total noninterest expense
14,858	16,723	14,330	14,776	15,135	15,089	14,242	15,707	14,868	14,643	13,394	13,468	13,347	13,939	11,974	14,872	12,431	12,120	11,382	12,042	11,147	11,599	10,147	10,095	10,190	10,292	9,961	9,467	9,780	9,545	9,478	13,052	9,177	9,466	9,040	9,136	9,067	8,945	8,955
Income before income taxes
10,788	10,839	12,970	12,798	13,176	11,921	10,592	12,054	12,068	8,632	12,687	11,714	11,978	9,552	10,613	9,993	9,771	8,238	8,321	8,593	8,204	6,328	7,902	7,068	7,811	6,530	6,509	6,740	7,256	6,302	5,858	6,812	6,438	5,754	6,796	5,837	6,014	6,062	6,734
Income tax expense
1,640	1,652	2,187	2,054	2,335	1,831	535	1,739	957	1,066	3,345	2,581	2,897	2,034	2,615	2,264	2,136	1,620	1,810	2,317	1,719	869	1,848	1,524	1,854	1,355	1,330	1,433	1,617	1,251	1,071	1,408	1,287	1,026	1,510	1,164	1,244	1,357	1,716
Net income
9,148	9,187	10,783	10,744	10,841	10,090	10,057	10,315	11,111	7,566	9,342	9,133	9,081	7,518	7,998	7,729	7,635	6,618	6,511	6,276	6,485	5,459	6,054	5,544	5,957	5,175	5,179	5,307	5,639	5,051	4,787	5,404	5,151	4,728	5,286	4,673	4,770	4,705	5,018
Weighted average:
Common shares
23,904	-	-	-	25,284	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,821	13,790	13,751	22,758	13,654	9,081	9,039	26,815	8,936	8,903	8,835	8,789	8,774	8,756	8,726	8,398	7,253
Dilutive stock options and restricted stock units
54	-	-	-	156	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144	145	144	221	138	69	69	256	94	77	85	82	77	95	116	107	101
Total
23,958	-	-	-	25,440	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,965	13,936	13,895	22,980	13,792	9,151	9,108	27,071	9,030	8,980	8,921	8,872	8,852	8,852	8,842	8,505	7,354
Earnings per share:
Basic
0.38	0.38	0.44	0.43	0.43	0.40	0.39	0.41	0.44	0.30	0.38	0.38	0.38	0.31	0.34	0.34	0.36	-0.15	0.46	0.45	0.47	-0.16	0.44	0.40	0.43	-0.02	0.38	0.58	0.62	-0.21	0.54	0.61	0.58	0.54	0.60	0.53	0.55	0.56	0.69
Diluted
0.38	0.37	0.44	0.43	0.43	0.40	0.39	0.40	0.44	0.30	0.38	0.37	0.38	0.31	0.34	0.34	0.35	-0.14	0.46	0.44	0.46	-0.16	0.43	0.40	0.43	-0.03	0.38	0.58	0.62	-0.20	0.53	0.60	0.58	0.53	0.60	0.53	0.54	0.55	0.68
Cash dividends declared per share
0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.15	0.15	0.15	0.15	0.14	0.14	0.15	0.14	0.13	0.13	-0.06	0.20	0.19	0.19	-0.05	0.19	0.17	0.17	0.01	0.17	0.25	0.25	-0.07	0.25	0.23	0.23	0.23	0.23	0.22	0.22	0.22	0.20