First of Long Island Corporation (The) (FLIC) Financial Statements (2024 and earlier)

Company Profile

Business Address 275 BROADHOLLOW ROAD
MELVILLE, NY 11747
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments60,88774,17843,675211,18238,96847,358
Cash and cash equivalents60,88774,17843,675211,18238,96847,358
Receivables  3,310,9833,103,341   
Financing receivable, accrued interest, after allowance for credit loss 10,400   
Total current assets:71,2873,385,1613,147,016211,18238,96847,358
Noncurrent Assets
Operating lease, right-of-use asset22,58823,9528,43812,21214,343
Property, plant and equipment31,41431,66037,52338,83040,01741,267
Deferred income tax assets28,99631,1243,9871,375317
Total noncurrent assets:82,99886,73649,94852,41754,67741,267
Other undisclosed assets4,081,615809,614871,8253,805,5424,004,1984,152,435
TOTAL ASSETS:4,235,9004,281,5114,068,7894,069,1414,097,8434,241,060
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 70,000213,500125,00060,095190,710388,923
Total current liabilities: 70,000213,500125,00060,095190,710388,923
Noncurrent Liabilities
Other undisclosed liabilities3,785,7543,703,4753,529,9773,601,9283,518,0253,463,950
Total liabilities:3,855,7543,916,9753,654,9773,662,0233,708,7353,852,873
Equity
Equity, attributable to parent380,146364,536413,812407,118389,108388,187
Common stock2,2592,2442,3242,3792,3932,542
Additional paid in capital79,72878,46293,480105,547111,744145,163
Accumulated other comprehensive income (loss)(57,728)(64,767)(2,313)3,570595(9,440)
Retained earnings355,887348,597320,321295,622274,376249,922
Total equity:380,146364,536413,812407,118389,108388,187
TOTAL LIABILITIES AND EQUITY:4,235,9004,281,5114,068,7894,069,1414,097,8434,241,060

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues151,994134,210124,063133,772143,864127,831
Net investment income155,483134,210122,959131,216143,850138,237
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (2,331) (3,006)(33) 
Gross profit:151,994131,879124,063130,766143,831127,831
Operating expenses(15,840)(16,760)(17,838)(14,665)(13,794)(48,151)
Other operating income, net
(Noninterest Income, Other Operating Income)
3,3546,2427,3236,3885,3737,876
Operating income:139,508121,361113,548122,489135,41087,556
Nonoperating income
(Bank Owned Life Insurance Income)
3,1973,017    
Interest and debt expense(68,618)(18,497)(17,173)(31,747)(43,681)(35,730)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (41,215)(41,946)(5,191)
Income from continuing operations before equity method investments, income taxes:74,087105,88196,37549,52749,78346,635
Other undisclosed loss from continuing operations before income taxes(44,619)(47,662)(43,068)   
Income from continuing operations before income taxes:29,46858,21953,30749,52749,78346,635
Income tax expense(3,229)(11,287)(10,218)(8,324)(8,228)(5,062)
Income from continuing operations:26,23946,93243,08941,20341,55541,573
Income before gain (loss) on sale of properties:43,08941,20341,55541,573
Net income attributable to parent:26,23946,93243,08941,20341,55541,573
Undistributed earnings (loss) allocated to participating securities, basic      (115)
Net income available to common stockholders, diluted:26,23946,93243,08941,20341,55541,458

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:26,23946,93243,08941,20341,55541,573
Other comprehensive income (loss)7,039(62,454)(5,883)2,97510,035(9,709)
Comprehensive income (loss), net of tax, attributable to parent:33,278(15,522)37,20644,17851,59031,864

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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