| Business Summary | | The
First
of
Long
Island
Corporation
is
the
holding
company
of
The
First
National
Bank
of
Long
Island
(the
Bank).
The
Bank
serves
the
financial
needs
of
privately
owned
businesses,
professionals,
consumers,
public
bodies,
and
other
organizations
primarily
in
Nassau
and
Suffolk
Counties,
Long
Island.
The
principal
business
of
the
Bank
has
historically
consisted
of
attracting
business
and
consumer
checking,
money
market
and
savings
deposits
and
investing
those
funds
in
investment
securities,
commercial
and
residential
mortgage
loans,
commercial
loans,
and
home
equity
loans
and
lines.
The
Company's
loan
portfolio
is
primarily
comprised
of
loans
to
borrowers
in
Nassau
and
Suffolk
Counties
and
real
estate
loans
are
principally
secured
by
properties
located
in
these
Counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
First
of
Long
Island
is
a
one
bank
holding
company
which
operates
The
First
National
Bank
of
Long
Island.
For
the
six
months
ended
6/01,
interest
income
rose
5%
to
$19.5
million.
Net
interest
income
after
loan
loss
provision
rose
10%
to
$13.8
million.
Net
income
rose
14%
to
$5
million.
Net
interest
income
reflects
growth
in
average
checking
balances
and
higher
interest
margin.
Earnings
also
benefitted
from
increased
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| J. William Johnson, 60 Chairman,
Pres, CEO, Director | $474K | $115K | Mark Curtis, 46 Sr.
VP, Treasurer | 181K | -- | Joseph Perri, 49 Sr.
VP, Sec. | 197K | 26K | Brian Keeney, 52 Sr.
VP | -- | -- | Richard Kick, 43 Sr.
VP | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|