The First National Bank of Long Island, Financial Information

About The First National Bank of Long Island

 Address:
10 Glen Head Road
Glen Head, NY
Nassau County, New York
 Established:
Oct 1927
 Number of domestic offices:
49
Total assets$4,068M
Net income$43M
Net income, quarterly$11M
Total deposits$3,322M
Domestic deposits$3,322M
Equity capital$407M
ROA1.04%
ROAQ, quarterly1.07%
ROA, pretax1.07%
ROAQ, quarterly, pretax1.3%
ROE10.96%
ROEQ, quarterly10.77%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

In the early 1920's, Long Island's North Shore farmers and small business owners traveled to New York City to do their banking which is approximately 30 miles away from Glen Head, New York. For local residents, it became difficult for them to complete their banking transactions and receive loans from banks in the city due to the distance. Through the hard efforts of local residents, $50,000 in capital was raised and The First National Bank of Glen Head opened their doors for business on October 1, 1927 right at the corner of Glen Head Road & Glen Cove Avenue.

In 1956, the Bank opened its second branch in Roslyn, NY as a full service office and continued to expand its branch footprint over the years by opening more locations in Nassau and Suffolk Counties on Long Island and in Manhattan. In July of 1978, The First National Bank of Glen Head officially changed its name to The First National Bank of Long Island.

All branches are staffed by knowledgeable and professional account officers with broad based banking expertise, who focus on building relationships, not transactions. The First National Bank of Long Island offers a complete array of consumer and business banking products, including Checking and Savings accounts, Commercial and Residential Lending Services and Investment Management products & services.