THE FIRST OF LONG ISLAND CORPORATION FLIC Income Statement

The first of long island corporation (FLIC)

Income statement / TTM

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
116,686	117,171	117,525	116,643	115,536	112,784	108,858	105,560	100,772	97,027	93,422	89,038	85,561	82,456	80,074	76,922	73,821	70,558	66,916	64,608	61,701	59,209	57,540	55,318	53,648	51,921	50,520	49,948	49,850	49,651	49,170	48,768	48,216	47,777	47,191	46,459	0	0	0
Taxable
14,593	15,212	15,491	14,798	13,876	12,040	10,146	8,887	7,761	7,754	7,944	8,148	8,293	7,981	7,795	7,659	7,763	7,991	8,330	8,792	9,105	9,359	9,544	9,699	9,907	10,164	10,499	11,053	12,312	13,836	15,480	16,867	16,880	16,662	16,288	15,940	0	0	0
Nontaxable
10,940	11,467	12,039	12,589	13,074	13,413	13,565	13,600	13,538	13,484	13,542	13,617	13,660	13,686	13,658	13,617	13,600	13,586	13,589	13,591	13,536	13,408	13,240	13,050	12,869	12,766	12,677	12,613	12,675	12,742	12,814	12,696	12,323	11,873	11,201	10,546	0	0	0
Total interest and dividend income
142,219	143,850	145,055	144,030	142,486	138,237	132,569	128,047	122,071	118,265	114,908	110,803	107,514	104,123	101,527	98,198	95,184	92,135	88,835	86,991	84,342	81,976	80,324	78,067	76,424	74,851	73,696	73,614	74,837	76,229	77,464	78,331	77,419	76,312	74,680	72,945	0	0	0
Interest expense:
Savings, NOW and money market deposits
18,843	18,563	17,138	15,248	13,565	12,105	10,962	9,746	8,162	7,113	6,485	6,066	5,902	5,344	4,557	3,757	2,952	2,564	2,363	2,147	2,007	1,955	1,945	2,042	2,186	2,302	2,451	2,682	2,971	3,393	3,830	4,137	4,224	4,035	3,796	3,625	0	0	0
Time deposits
14,138	14,494	14,284	13,206	12,142	10,452	9,022	7,507	5,999	5,479	5,183	4,982	4,920	5,107	5,332	5,591	5,781	5,987	6,197	6,309	6,335	6,171	5,850	5,469	5,175	5,040	5,148	5,385	5,609	5,803	5,935	6,011	6,052	6,052	5,919	5,838	0	0	0
Short-term borrowings
1,915	3,261	4,401	5,709	6,040	4,858	3,385	2,272	1,739	1,345	1,128	894	561	296	224	220	226	183	137	168	179	148	190	211	271	288	242	183	169	195	192	190	131	93	89	100	0	0	0
Long-term debt
7,578	7,363	7,474	7,712	7,978	8,315	8,468	8,378	8,119	7,772	7,500	7,261	7,051	7,255	7,376	7,350	7,724	7,795	7,662	7,582	7,182	6,774	6,504	6,041	5,380	4,734	4,592	4,972	5,850	6,736	7,262	7,567	7,508	7,387	7,146	6,878	0	0	0
Total interest expense
42,474	43,681	43,297	41,875	39,725	35,730	31,837	27,903	24,019	21,709	20,296	19,203	18,434	18,002	17,489	16,918	16,683	16,529	16,359	16,206	15,703	15,048	14,489	13,763	13,012	12,364	12,433	13,222	14,599	16,127	17,219	17,905	17,915	17,567	16,950	16,441	0	0	0
Net interest income
99,745	100,169	101,758	102,155	102,761	102,507	100,732	100,144	98,052	96,556	94,612	91,600	89,080	86,121	84,038	81,280	78,501	75,606	72,476	70,785	68,639	66,928	65,835	64,304	63,412	62,487	61,263	60,392	60,238	60,102	60,245	60,426	59,504	58,745	57,730	56,504	0	0	0
Provision (credit) for loan losses
2,848	33	-2,023	-4,105	-3,724	-1,755	2,198	5,088	5,578	4,854	5,173	5,169	4,015	3,480	3,425	3,356	4,159	4,317	3,447	3,619	3,659	3,189	3,306	3,165	3,130	2,997	2,560	2,637	2,313	3,628	4,327	3,924	4,330	4,061	3,462	3,528	0	0	0
Net interest income after provision (credit) for loan losses
96,897	100,136	103,781	106,260	106,485	104,262	98,534	95,056	92,474	91,702	89,439	86,431	85,065	82,641	80,613	77,924	74,342	71,289	69,029	67,166	64,980	63,739	62,529	61,139	60,282	59,490	58,703	57,755	57,925	56,474	55,918	56,502	55,174	54,684	54,268	52,976	0	0	0
Noninterest income:
Investment Management Division income
2,077	2,010	2,012	2,016	2,075	2,175	2,190	2,197	2,149	2,090	2,067	2,060	2,046	2,000	1,994	1,995	2,013	2,044	2,049	2,076	2,065	2,058	2,034	1,997	1,961	1,872	1,801	1,694	1,635	1,624	1,596	1,571	1,543	1,539	1,555	1,581	0	0	0
Service charges on deposit accounts
3,496	3,214	3,010	2,832	2,639	2,634	2,618	2,685	2,789	2,792	2,806	2,770	2,735	2,666	2,575	2,542	2,555	2,577	2,652	2,711	2,827	2,974	3,086	3,190	3,113	3,019	2,971	2,896	2,984	3,053	3,067	3,141	3,173	3,186	3,329	3,361	0	0	0
Net gains (losses) on sales of securities
-	-	-	-	-	-	0	-	-	-1,866	74	82	1,925	1,868	1,868	2,977	0	-	0	0	-	141	153	130	81	16	4	4	3,509	3,613	3,629	3,629	124	138	122	1,275	0	0	0
Other
5,598	5,373	6,838	7,027	7,123	7,876	6,364	6,039	5,985	5,145	5,693	5,242	4,497	3,970	2,771	2,632	2,664	2,813	2,753	2,853	2,546	2,228	2,233	2,000	2,063	2,138	2,081	2,077	2,030	1,898	1,825	1,692	1,630	1,563	1,623	1,557	0	0	0
Total
11,185	10,611	6,414	1,469	1,431	2,279	4,272	8,997	9,000	8,161	10,640	10,154	11,203	10,504	9,399	9,204	8,556	8,758	8,587	8,796	7,510	7,401	7,506	7,317	7,218	7,045	6,857	6,671	10,158	10,188	10,117	10,033	6,470	6,426	6,629	7,774	0	0	0
Noninterest expense:
Salaries and employee benefits
37,127	37,111	35,654	35,732	36,506	36,465	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Salaries
-	-	-	-	-	-	-	-	-	-	25,676	24,678	23,908	23,258	21,983	21,709	21,206	20,680	20,537	20,024	19,507	18,885	18,150	17,875	17,389	17,160	16,739	16,592	16,513	16,360	16,072	15,921	15,992	15,785	15,707	15,601	0	0	0
Employee benefits and other personnel expense
-	-	-	-	-	-	-	-	-	-	7,240	7,073	7,041	6,872	6,822	6,731	6,327	6,021	5,626	5,221	4,983	4,833	4,903	5,211	5,318	5,517	5,255	5,019	5,165	5,035	5,052	5,140	5,081	5,066	5,373	5,477	0	0	0
Occupancy and equipment
12,039	11,904	11,656	11,648	11,810	11,686	11,463	11,102	10,537	10,245	9,865	9,706	9,408	9,264	9,082	8,808	8,717	8,798	9,072	9,123	9,101	8,880	8,272	8,069	7,908	7,669	7,748	7,624	7,407	7,265	7,103	7,039	7,113	7,148	7,049	6,845	0	0	0
Debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-
Other
11,521	11,949	12,020	11,862	11,857	11,755	12,380	12,274	12,044	11,966	11,367	11,271	12,019	12,066	11,754	11,801	10,641	10,108	9,851	9,483	9,397	9,433	9,399	9,383	9,295	9,154	9,011	9,035	8,958	8,780	9,134	8,823	8,633	8,710	8,059	8,180	0	0	0
Total noninterest expense
60,687	60,964	59,330	59,242	60,173	59,906	59,460	58,612	56,373	54,852	54,148	52,728	54,132	53,216	51,397	50,805	47,975	46,691	46,170	44,935	42,988	42,031	40,724	40,538	39,910	39,500	38,753	38,270	41,855	41,252	41,173	40,735	36,819	36,709	36,188	36,103	0	0	0
Income before income taxes
47,395	49,783	50,865	48,487	47,743	46,635	43,346	45,441	45,101	45,011	45,931	43,857	42,136	39,929	38,615	36,323	34,923	33,356	31,446	31,027	29,502	29,109	29,311	27,918	27,590	27,035	26,807	26,156	26,228	25,410	24,862	25,800	24,825	24,401	24,709	24,647	0	0	0
Income tax expense
7,533	8,228	8,407	6,755	6,440	5,062	4,297	7,107	7,949	9,889	10,857	10,127	9,810	9,049	8,635	7,830	7,883	7,466	6,715	6,753	5,960	6,095	6,581	6,063	5,972	5,735	5,631	5,372	5,347	5,017	4,792	5,231	4,987	4,944	5,275	5,481	0	0	0
Net income
39,862	41,555	42,458	41,732	41,303	41,573	39,049	38,334	37,152	35,122	35,074	33,730	32,326	30,880	29,980	28,493	27,040	25,890	24,731	24,274	23,542	23,014	22,730	21,855	21,618	21,300	21,176	20,784	20,881	20,393	20,070	20,569	19,838	19,457	19,434	19,166	0	0	0
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