The First National Bank of Long Island (merged into ConnectOne Bank)
The First National Bank of Long Island reported total assets of $4.1 bn at Q1 2025, its last Call Report before it merged into ConnectOne Bank. The First National Bank of Long Island uses the community bank leverage ratio framework, with a leverage ratio of 10.28%. Source: FDIC Call Reports.
What sets The First National Bank of Long Island apart
Nothing in the latest data sets The First National Bank of Long Island apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is The First National Bank of Long Island?
The balance sheet of The First National Bank of Long Island at : assets $4.1 bn, deposits $3.3 bn, net loans $3.1 bn (loans equal to 95.01% of deposits). Securities make up 15.1% of total assets at The First National Bank of Long Island. Since , when The First National Bank of Long Island held $3.2 bn, its assets grew 26.0%. In the year to , deposits at The First National Bank of Long Island fell 0.8% while its total assets fell 4.2%. At , The First National Bank of Long Island employed 262 full-time equivalent staff across 37 offices, about $15.6 mn of assets per employee and $89.2 mn of deposits per office.
How much funding at The First National Bank of Long Island is uninsured?
At The First National Bank of Long Island, uninsured deposits (above the FDIC limit) made up 49.41% of domestic deposits at (-5.70 pp on a year earlier). In dollars, The First National Bank of Long Island estimated $1.6 bn of uninsured deposits.
Key facts, Q1 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.3 bn | $3.3 bn (Q1 2024) | |
| Net loans and leases | $3.1 bn | $3.2 bn (Q1 2024) | |
| Loan-to-deposit ratio | 95.01% | 96.38% (Q1 2024) | |
| Net interest margin | 1.97% | 1.83% (Q1 2024) | |
| Return on assets (ROA) | 0.39% | 0.47% (Q1 2024) | |
| Efficiency ratio | 77.37% | 74.98% (Q1 2024) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $66.3 mn | Narrowed by $7.3 mn | |
| Noncurrent loans to total loans | 0.11% | 0.04% (Q1 2024) | |
| Net charge-offs to average loans | 0.02% | 0.08% (Q1 2024) |
US rank of The First National Bank of Long Island: 1 = highest unless marked 1 = lowest.
Balance sheet
The First National Bank of Long Island: assets, deposits and loans
- Total assets $4.1bn
- Deposits $3.3bn
- Net loans $3.1bn
Capital and securities
The First National Bank of Long Island uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 10.28% in . Equity capital of The First National Bank of Long Island at : $381.4 mn, or 9.4% of total assets.
The available-for-sale portfolio of The First National Bank of Long Island showed an unrealized loss of $66.3 mn at ; the loss narrowed by $7.3 mn over the year.
The First National Bank of Long Island: capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 10%
The First National Bank of Long Island: unrealized securities gains and losses
- Available for sale -$66mn
- Held to maturity $0
Profitability and loan quality
For the year to , The First National Bank of Long Island earned a return on equity of 4.19%; return on assets: 0.39%. Net interest margin at The First National Bank of Long Island: 1.97%, +0.14 pp in a year. The First National Bank of Long Island net income: $4.0 mn, down 20.6% year on year. The efficiency ratio of The First National Bank of Long Island was 77.37%: about 77 cents cost per revenue dollar, against 56 cents at the median peer.
At , noncurrent loans were 0.11% of total loans at The First National Bank of Long Island; net charge-offs: 0.02% of average loans. Gross loans and leases at The First National Bank of Long Island: $3.2 bn at , against $3.2 bn at .
The First National Bank of Long Island: profitability
- Return on equity 4.2%
- Net interest margin 2.0%
- Return on assets 0.4%
Peer group of The First National Bank of Long Island
The peer group of The First National Bank of Long Island is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of The First National Bank of Long Island (national bank) and 0 have head offices in New York. Against them, The First National Bank of Long Island shows return on equity 4.19% against a peer median of 10.45% and uninsured deposit share 49.41% against a peer median of 22.80%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| The Fidelity Bank | State nonmember bank | NC | $4.2 bn | 14.67% | 19.50% | 34.77% | |
| Civista Bank | State member bank | OH | $4.1 bn | 12.11% | 10.05% | 14.05% | |
| Citizens First Bank | State nonmember bank | FL | $4.1 bn | 19.58% | 10.84% | 25.51% | |
| The First National Bank of Long Island | National bank | NY | $4.1 bn | not reported | 4.19% | 49.41% | |
| Spencer Savings Bank, SLA | State-chartered stock savings and loan association | NJ | $4.1 bn | 16.31% | 3.85% | 40.32% | |
| Bar Harbor Bank & Trust | State nonmember bank | ME | $4.1 bn | 12.67% | 9.45% | 20.10% | |
| Celtic Bank | State nonmember bank | UT | $4.0 bn | not reported | 22.29% | 9.09% | |
. FDIC Call Reports.
Last eight quarters
Two years at The First National Bank of Long Island, to : assets $4.2 bn to $4.1 bn, deposits $3.5 bn to $3.3 bn, equity $364.7 mn to $381.4 mn. Staff 299 to 262; offices 41 to 37.
| Metric | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.2 bn | $4.2 bn | $4.2 bn | $4.3 bn | $4.2 bn | $4.2 bn | $4.1 bn | $4.1 bn |
| Total deposits | $3.5 bn | $3.4 bn | $3.3 bn | $3.3 bn | $3.4 bn | $3.3 bn | $3.3 bn | $3.3 bn |
| Bank equity capital | $364.7 mn | $354.4 mn | $383.2 mn | $374.0 mn | $374.8 mn | $386.9 mn | $377.4 mn | $381.4 mn |
| Return on equity (ROE) | 7.96% | 7.97% | 7.53% | 5.29% | 5.40% | 5.32% | 5.07% | 4.19% |
| Uninsured share of domestic deposits | 56.61% | 55.47% | 53.41% | 55.10% | 55.22% | 45.94% | 45.74% | 49.41% |
| Full-time equivalent employees | 299 | 294 | 288 | 287 | 285 | 272 | 265 | 262 |
| Number of offices | 41 | 41 | 40 | 40 | 41 | 41 | 37 | 37 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of The First National Bank of Long Island, oldest first; figures before and after each event are not like for like.
- . Merged into ConnectOne Bank (FDIC certificate 57919).
Questions and identifiers
What were the total assets of The First National Bank of Long Island?
The First National Bank of Long Island reported $4.1 bn at in its Call Report.
Is The First National Bank of Long Island the same as its holding company?
No. This page covers The First National Bank of Long Island, FDIC certificate 7072; FIRST OF LONG ISLAND CORP THE (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is The First National Bank of Long Island profitable?
The First National Bank of Long Island reported net income of $4.0 mn for the year to ; annualized return on equity: 4.19%. So yes: The First National Bank of Long Island made a profit over these months.
When is data for The First National Bank of Long Island next updated?
The First National Bank of Long Island no longer files Call Reports; its data ends at .
Where can I check the figures for The First National Bank of Long Island?
In the FDIC BankFind Suite record for certificate 7072, and in the Call Reports of The First National Bank of Long Island (RSSD ID 837000) at the FFIEC Central Data Repository.