The First of Long Island Corporation (FLIC) financial statements (2023 and earlier)

Company profile

Business Address 10 GLEN HEAD RD
GLEN HEAD, NY 11545
State of Incorp. NY
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments442113947703740
Cash and cash equivalents442113947703740
Receivables3,103      
Total current assets:3,1472113947703740
Noncurrent Assets
Operating lease, right-of-use asset81214
Property, plant and equipment38394041403430
Deferred income tax assets410
Total noncurrent assets:50525541403430
Other undisclosed assets8723,8064,0044,1523,7853,4393,060
TOTAL ASSETS:4,0694,0694,0984,2413,8953,5103,130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt12560191389281207212
Total current liabilities:12560191389281207212
Noncurrent Liabilities
Other undisclosed liabilities3,5303,6023,5183,4643,2592,9972,668
Total liabilities:3,6553,6623,7093,8533,5403,2042,879
Stockholders' equity
Stockholders' equity attributable to parent414407389388354306251
Common stock2223221
Additional paid in capital9310611214512710257
Accumulated other comprehensive income (loss)(2)41(9)1(2)8
Retained earnings320296274250224203185
Total stockholders' equity:414407389388354306251
TOTAL LIABILITIES AND EQUITY:4,0694,0694,0984,2413,8953,5103,130

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12413414412812111198
Net investment income12313114413811810492
Cost of revenue (3)(0) (5)(3)(4)
Provision for loan, lease, and other losses (3)(0) 
Financial services costs(5)(3)(4)
Gross profit:12413114412811610794
Operating expenses(18)(15)(14)(48)(42)(38)(35)
Other operating income, net
(Noninterest Income, Other Operating Income)
7658433
Operating income:11412213588797261
Interest and debt expense(17)(32)(44)(36)(22)(20)(18)
Other undisclosed loss from continuing operations before equity method investments, income taxes (41)(42)(5)(12)(12)(10)
Income from continuing operations before equity method investments, income taxes:96505047454033
Other undisclosed loss from continuing operations before income taxes(43)      
Income from continuing operations before income taxes:53505047454033
Income tax expense(10)(8)(8)(5)(10)(9)(7)
Net income attributable to parent:43414242353126
Undistributed earnings (loss) allocated to participating securities, basic   (0)(0)
Other undisclosed net loss available to common stockholders, basic     (0) 
Net income available to common stockholders, diluted:43414241353126

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:43414242353126
Other comprehensive income (loss)(6)310(10)2(9)(3)
Comprehensive income, net of tax, attributable to parent:37445232372223

Statements sources

The financial statements are based on the company's filings with the 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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