The First of Long Island Corporation (FLIC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments211394770374033
Cash and cash equivalents211394770374033
Total current assets:211394770374033
Noncurrent Assets
Operating lease, right-of-use asset1214
Property, plant and equipment39404140343028
Deferred income tax assets10
Total noncurrent assets:52554140343028
Other undisclosed assets3,8064,0044,1523,7853,4393,0602,661
TOTAL ASSETS:4,0694,0984,2413,8953,5103,1302,721
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt60191389281207212136
Total current liabilities:60191389281207212136
Noncurrent Liabilities
Other undisclosed liabilities3,6023,5183,4643,2592,9972,6682,352
Total liabilities:3,6623,7093,8533,5403,2042,8792,488
Stockholders' equity
Stockholders' equity attributable to parent407389388354306251233
Common stock2232211
Additional paid in capital1061121451271025751
Accumulated other comprehensive income (loss)41(9)1(2)811
Retained earnings296274250224203185170
Total stockholders' equity:407389388354306251233
TOTAL LIABILITIES AND EQUITY:4,0694,0984,2413,8953,5103,1302,721

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1341441281211119887
Net investment income1311441381181049282
Cost of revenue(3)(0) (5)(3)(4)(3)
Provision for loan, lease, and other losses(3)(0) 
Financial services costs(5)(3)(4)(3)
Gross profit:1311441281161079484
Operating expenses(15)(14)(48)(42)(38)(35)(20)
Other operating income, net
(Noninterest Income, Other Operating Income)
6584332
Operating income:1221358879726166
Nonoperating income      1
Investment income, nonoperating      0
Bank owned life insurance income      1
Interest and debt expense(32)(44)(36)(22)(20)(18)(15)
Other undisclosed loss from continuing operations before equity method investments, income taxes(41)(42)(5)(12)(12)(10)(23)
Income from continuing operations before income taxes:50504745403329
Income tax expense(8)(8)(5)(10)(9)(7)(6)
Net income attributable to parent:41424235312623
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:41424135312623

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:41424235312623
Other comprehensive income (loss)310(10)2(9)(3)(9)
Comprehensive income:44523237222314
Other undisclosed comprehensive income, net of tax, attributable to parent      18
Comprehensive income, net of tax, attributable to parent:44523237222332

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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