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Sterling BancorpQ U E E N S BROOKLYN MANHATTA N Branching Out in Profitable Directions ® A U AS S N S U FFOLK 2016 Annual Report ® BUSINESS OF THE CORPORATION The First of Long Island Corporation (“Corporation”) is a one-bank holding company organized under the laws of the State of New York. Its primary business is the operation of its sole subsidiary, The First National Bank of Long Island (“Bank”). The Bank was organized in 1927 under national banking laws and became the sole subsidiary of the Corporation under a plan of reorganization effected April 30, 1984. The Bank is a full service commercial bank which provides a broad range of financial services to individual, professional, corporate, institutional and government customers through its branch system in Nassau and Suffolk Counties, Long Island and the New York City boroughs of Queens, Brooklyn and Manhattan. The Corporation is subject to regulation and supervision of the Federal Reserve Board and the Securities and Exchange Commission. The Bank is subject to regulation and supervision of the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation, which also insures its deposits. The OCC is the primary banking agency responsible for regulating and supervising the Bank. FULL YEAR 2016 HIGHLIGHTS* • Net Income increased 19.3% to $30.9 million from $25.9 million • EPS increased 9.8% to $1.34 from $1.22 • Cash Dividends Per Share increased 5.8% to $.55 from $.52 • Book value per share increased 8.9% to $12.90 at 12/31/16 from $11.85 at 12/31/15 • Raised $35.3 million of capital through the public offering of 1.3 million shares of common stock • Total Assets exceeded $3.5 billion at year end, increasing 12.1% during 2016 • 18.8% growth in the average balance of Loans • 16.9% growth in the average balance of Total Deposits • 7.6% growth in the average balance of Noninterest-Bearing Checking Deposits • The Credit Quality of the Bank’s loan and securities portfolios remains excellent • The Corporation completed a 3-for-2 stock split in November 2016 *All comparisons are of 2016 to 2015. 10 The First of Long Island Corporation 2016 Annual Report 1 DEAR SHAREHOLDERS, 2016 was another year of significant growth and profitability. I am proud to report during the year Total Assets grew nearly $400 million. At year end, Total Assets exceeded $3.5 billion, increasing by 12.1%. On an average balance basis, Total Loans grew 18.8% ending the year over $2.5 billion. The average balance of Total Deposits grew 16.9% ending the year over $2.6 billion, and the average balance of our Demand Deposits grew 7.6% ending the year over $800 million. We are particularly proud of our Demand Deposit growth, because Demand Deposit relationships normally represent the primary banking relationship account. Our market share continues to grow in one of, if not the best, Retail Banking markets in the country. During the year, earning asset growth balanced with pristine asset quality drove profitability. Net Income increased 19.3% to $30.9 million from $25.9 million in 2015. To accommodate our growth strategies, during the second quarter the Corporation raised $35.3 million of capital in a public offering of 1.3 million shares of common stock. Despite the dilutive effect of the offering, our EPS increased 9.8% to $1.34 this year from $1.22 last year. Because of the strength of our earnings and our confidence in our ability to grow future earnings, we once again raised our Cash Dividend per share to $.55 from $.52, representing a 5.8% increase. In 2016, our market capitalization grew from $423.5 million to $676.6 million, an increase of $253.1 million or 59.8%. Growth in our market cap was driven by the appreciation in our stock price of 42.8% and the public offering. Correspondingly, book value per share increased 8.9% to $12.90 at December 31, 2016 from $11.85 at December 31, 2015. As you know, growth in market cap, appreciation of our stock price and growth in book value are all indicative of wealth creation. Our earning asset growth, profitability and the corresponding effect on your investment has been driven by our market penetration into our chosen targeted market segments. These continue to include: small businesses; middle-market companies; professionals, i.e., doctors, lawyers, dentists and CPAs; municipalities; school districts; and service conscious consumers. The expansion of our branch distribution system into key micro-markets in Nassau and Suffolk counties with critical mass in these targeted segments has been instrumental to our deposit gathering efforts. Our deposit gathering efforts have fueled our growth. As we move forward, we will look to enhance these efforts by building branches in Brooklyn and Queens. Our move to grow in these boroughs is logical since they are just to the west of our existing branch distribution system. The boroughs are especially attractive because of the high concentration of our targeted market segments within relatively small geographies. It is a particularly opportunistic time to build in the boroughs as the money center banks continue to close branch locations and “de-personalize” their approach to customer service by creating virtual branches where customers are served by technology rather than people. We feel we are uniquely positioned to acquire dislocated customers with our particular brand of banking and with the high quality personal service we provide. We are also prepared to provide our customer base with all possible technology channels that they may desire, but will not force them into any particular one. This is the essence of what drives a “customer driven” organization and provides a real “big bank alternative” approach. 2016 Annual Report 1 To date, we have opened three branches in Queens (Howard Beach, Whitestone and College Point) and one branch in Brooklyn (Bay Ridge). The success of our openings has far exceeded our expectations. We are planning to open more branches in 2017, paying very close attention to occupancy and personnel costs. We also have a bias towards limiting the amount of capital we allocate to build a branch. This means our branches will be small but big enough to get the job done! Although we still want to expand our branch presence into a number of micro-markets on Long Island, the boroughs remain our focus for building new locations. We will do both, taking advantage of the best branching opportunities. There are many challenges in managing the Bank today. Certainly there has been quite a bit of yield curve volatility. There is significant competition for loans and deposits within the marketplace. We have little room to further reduce deposit rates, putting pressure on our margin. Our industry continues to be faced with new and complex regulatory requirements. The President has indicated we will have regulatory relief, but the timing and impact of such relief is yet to be determined. What we really know is as of today, regulatory requirements and enhanced oversight are exerting downward pressure on revenues and upward pressure on required capital levels and the cost of doing business. Despite the challenges, it goes without saying that our success has been spearheaded by our dedicated employees. I am proud to be associated with our employees. They are professional colleagues who consistently exhibit the ability to routinely exceed business expectations. Sometimes a CEO just gets lucky. It is a pleasure to work beside them. I also want to express my appreciation to my fellow stockholders for your support. I truly appreciate the investment you have made in our corporation. I want to assure you that we take our fiduciary responsibility to you seriously, and we will look to continue to work to maximize your financial investment. We take pride in our philosophy to manage with a long-term approach to the business. We will not yield to short-term pressures. We will remain measured and disciplined in how we manage your investment in our company. Michael N. Vittorio President and Chief Executive Officer 2 The First of Long Island Corporation 2016 Annual Report 3 35 30 25 20 15 10 5 0 3000 2500 2000 1500 1000 500 0 FINANCIAL OVERVIEW NET INCOME (in millions) 0 . 6 % R 1 G A R C A E N - Y E T $20.4 $19.5 $18.4 $23.0 $21.3 $30.9 $25.9 $13.5 $13.0 $11.5 $3,510 $3,130 TOTAL ASSETS (in millions) 3 . 9 % R 1 G A R C A E N - Y E T $2,108 $2,022 $2,721 $2,400 $1,675 $1,711 $1,262 $1,069 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 TOTAL LOANS (in millions) 8 . 9 % R 1 G A R C A E N - Y E T $1,805 $1,478 $2,545 $2,248 $1,147 $986 $903 $828 $658 $526 $2,609 $2,285 TOTAL DEPOSITS (in millions) 2 . 2 % R 1 G A R C A E N - Y E T $1,985 $1,782 $1,633 $1,503 $1,278 $1,293 $869 $900 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15 ’16 4000 3500 3000 2500 2000 1500 1000 500 0 2016 Annual Report 3 1.5 1.2 0.9 0.6 0.3 0.0 800 700 600 500 400 300 200 100 0 3000 2500 2000 1500 1000 500 0 2.5 2.0 1.5 1.0 0.5 0.0 ENTERING NEW MARKETS BAY RIDGE | 9202 4TH AVENUE BRO OKLYN! In the Fourth Quarter of 2016, The First National Bank of Long Island entered a brand new market—Brooklyn. On October 17, 2016, the very first branch opened in Bay Ridge, Brooklyn on the corner of Fourth Avenue and 92nd Street. Branch expansion will continue in the near future for the Bank in the Brooklyn market. As of February 3, 2017, total deposit balances were more than $35 million. 4 The First of Long Island Corporation 2016 Annual Report 5 BRO OKLYN! 2016 Annual Report 5 GROWING OUR PRESENCE HEWLETT | 1301 BROADWAY LONG ISLAND On February 1, 2016, The First National Bank of Long Island opened a full service branch in the Hewlett community. We will continue to deliver valuable service to businesses and consumers in the communities we serve. As of February 3, 2017, total deposit balances were more than $103 million. 6 The First of Long Island Corporation LONG ISLAND 2016 Annual Report 7 BUILDING RELATIONSHIPS COLLEGE POINT | 132-11A 14TH AVENUE QUEENS On December 19, 2016, The First National Bank of Long Island opened its third branch in Queens. We pride ourselves on building customer loyalty and reinforcing long-term relationships in our communities. As of February 3, 2017, total deposit balances were more than $16 million. 8 The First of Long Island Corporation 2016 Annual Report 9 QUEENS 2016 Annual Report 9 43 44 45 44 47 13 23 32 39 12 15 37 48 46 49 20 28 11 36 3 41 17 2 22 5 19 30 29 29 14 9 35 18 8 42 26 10 40 16 6 4 38 33 27 3 24 25 1 21 7 LONG ISLAND 1 Babylon 42 Deer Park Avenue Babylon, NY 11702 (631) 422-1700 2 Bayville 282 Bayville Avenue Bayville, NY 11709 (516) 628-1288 3 Bellmore 408 Bedford Avenue Bellmore, NY 11710 (516) 679-6200 4 Bohemia 30 Orville Drive Bohemia, NY 11716 (631) 218-2500 5 Cold Spring Harbor 147 Main Street Cold Spring Harbor, NY 11724 (631) 367-3600 6 Deer Park 60 East Industry Court Deer Park, NY 11729 (631) 243-2600 7 East Islip 151 West Main Street East Islip, NY 11730 (631) 277-2936 8 East Meadow 1975 Hempstead Turnpike East Meadow, NY 11554 (516) 357-7200 9 Coming Soon! East Setauket 234 Route 25A East Setauket, NY 11733 10 Farmingdale 22 Allen Boulevard Farmingdale, NY 11735 (631) 753-8888 11 Garden City 1050 Franklin Avenue Suite 100 Garden City, NY 11530 (516) 742-6262 12 Glen Head 10 Glen Head Road Glen Head, NY 11545 (516) 674-6650 13 Great Neck 536 Northern Boulevard Great Neck, NY 11021 (516) 482-6666 14 Greenlawn 76 Broadway Greenlawn, NY 11740 (631) 754-0660 10 The First of Long Island Corporation 34 15 Greenvale 7 Glen Cove Road Greenvale, NY 11548 (516) 621-8811 16 Hauppauge 330 Motor Parkway Suite 100 Hauppauge, NY 11788 (631) 952-2900 17 Hewlett 1301 Broadway Hewlett, NY 11557 (516) 295-1974 18 Hicksville 106 Old Country Road Hicksville, NY 11801 (516) 932-7150 19 Huntington 253 New York Avenue Huntington, NY 11743 (631) 427-4143 20 Lake Success 3000 Marcus Avenue Lake Success, NY 11042 (516) 775-3133 21 Lindenhurst 1 East Montauk Highway Lindenhurst, NY 11757 (631) 956-3800 22 Locust Valley 108 Forest Avenue Suite 2 Locust Valley, NY 11560 (516) 671-2299 23 Manhasset 572 Plandome Road Manhasset, NY 11030 (516) 365-5010 24 Massapequa 574 Broadway Massapequa, NY 11758 (516) 795-0100 25 Massapequa Park 1049 Park Boulevard Massapequa Park, NY 11762 (516) 795-2265 26 Melville 555 Broad Hollow Road Suite 001 Melville, NY 11747 (631) 752-1000 2 22 32 39 12 15 5 19 30 29 29 14 9 35 18 8 42 26 10 40 16 6 27 3 24 25 1 21 7 4 38 33 ® 47 BRANCH LOCATIONS GROWING IN A MEASURED AND DISCIPLINED WAY 43 44 45 47 44 48 46 49 13 23 37 20 28 11 36 3 41 17 34 27 Merrick 1810 Merrick Avenue Merrick, NY 11566 (516) 771-6000 28 New Hyde Park 243 Jericho Turnpike New Hyde Park, NY 11040 (516) 328-3100 29 Northport 711 Fort Salonga Road Northport, NY 11768 (631) 261-4000 30 Northport Village 105 Main Street Northport, NY 11768 (631) 261-0331 31 Oceanside 2933 Long Beach Road Oceanside, NY 11572 (516) 536-3989 32 Old Brookville 209 Glen Head Road Old Brookville, NY 11545 (516) 759-9002 33 Patchogue 392 East Main Street Patchogue, NY 11772 (631) 289-1189 34 Point Lookout 26A Lido Boulevard P.O. Box 173 Point Lookout, NY 11569 (516) 431-3144 35 Port Jefferson Station Davis Professional Park 5225 Nesconset Highway Building 4, Suite 21 Port Jefferson Station, NY 11776 (631) 928-4411 36 Rockville Centre 310 Merrick Road Rockville Centre, NY 11570 (516) 763-5533 37 Roslyn Heights 130 Mineola Avenue Roslyn Heights, NY 11577 (516) 621-1900 38 Sayville 215 West Main Street Sayville, NY 11782 (631) 472-7000 39 Sea Cliff 299 Sea Cliff Avenue Sea Cliff, NY 11579 (516) 671-7868 40 Smithtown 285 Middle Country Road Suite 104 Smithtown, NY 11787 (631) 265-0200 41 Valley Stream 127 East Merrick Road Valley Stream, NY 11580 (516) 825-0202 42 Woodbury 800 Woodbury Road Suite M Woodbury, NY 11797 (516) 364-3434 MANHATTAN 43 232 Madison Avenue New York, NY 10016 (212) 213-8111 44 225 Broadway Suite 703 New York, NY 10007 (212) 693-1515 QUEENS 45 College Point 132-11A 14th Avenue College Point, NY 11356 (718) 215-7500 46 Howard Beach 159-14 Cross Bay Boulevard Howard Beach, NY 11414 (718) 835-1962 47 Whitestone 19-01 Utopia Parkway Whitestone, NY 11357 (718) 279-1206 BROOKLYN 48 Bay Ridge 9202 4th Avenue Brooklyn, NY 11209 (646) 795-5000 49 Coming Soon! Marine Park 4102 Avenue U Brooklyn, NY 11234 2016 Annual Report 11 BOARD OF DIRECTORS The First of Long Island Corporation Left to right (standing): John J. Desmond, Eric J. Tveter, Howard Thomas Hogan Jr., Esq., Stephen V. Murphy, John T. Lane, Michael N. Vittorio and Alexander L. Cover Left to right (seated): Peter Quick, Milbrey Rennie Taylor, Walter C. Teagle III and Paul T. Canarick Eric J. Tveter Chief Executive Officer Central Europe Group Liberty Global plc Michael N. Vittorio President and Chief Executive Officer The First National Bank of Long Island Paul T. Canarick President & Principal Paul Todd, Inc. (construction company) Alexander L. Cover Business & Management Consultant Retired Partner of Ernst & Young LLP John J. Desmond Retired Partner-in-Charge of the Long Island Office Grant Thorton LLP Howard Thomas Hogan Jr., Esq. Director Hogan & Hogan (attorney at law) John T. Lane Retired Managing Director J.P. Morgan & Co. Stephen V. Murphy President S.V. Murphy & Co. (investment banking) Peter Quick Partner Burke and Quick Partners Holdings LLP Milbrey Rennie Taylor Retired Executive Producer of CBS News Walter C. Teagle III Chairman President Teagle Management, Inc. (private investment firm) Chairman The Teagle Foundation, Inc. Managing General Partner Gulo Capital Partners L.P. (private investment partnership) EXECUTIVE STAFF The First National Bank of Long Island Michael N. Vittorio President and Chief Executive Officer Sallyanne K. Ballweg* Senior Executive Vice President Mark D. Curtis Senior Executive Vice President, Chief Financial Officer and Cashier Christopher Becker Executive Vice President and Chief Risk Officer Paul J. Daley Executive Vice President and Senior Commercial Banking Officer Richard Kick Executive Vice President, Senior Retail Lending Officer, Senior Facilities Administrator and Chief Security Officer Donald L. Manfredonia Executive Vice President, Senior Lending Officer and Deputy CRA Officer—Lending Richard P. Perro Executive Vice President, Branch Administration *Retired 12 The First of Long Island Corporation Left to right: Paul J. Daley, Christopher Becker, Richard P. Perro, Donald L. Manfredonia, Michael N. Vittorio, Sallyanne K. Ballweg*, Mark D. Curtis and Richard Kick 2016 Annual Report 13 SELECTED FINANCIAL DATA * SELECTED FINANCIAL DATA* INCOME STATEMENT DATA: Interest Income …......................................................... Interest Expense …....................................................... Net Interest Income ...................................................... Provision for Loan Losses............................................. Net Income ................................................................... PER SHARE DATA: Basic Earnings............................................................... Diluted Earnings ........................................................... Cash Dividends Declared ............................................. Dividend Payout Ratio .................................................. Book Value ................................................................... Tangible Book Value ..................................................... BALANCE SHEET DATA AT YEAR END: Total Assets .................................................................. Loans............................................................................. Allowance for Loan Losses............................................ Deposits ….................................................................... Borrowed Funds............................................................ Stockholders' Equity ..................................................... AVERAGE BALANCE SHEET DATA: Total Assets .................................................................. Loans …........................................................................ Allowance for Loan Losses …....................................... Deposits ….................................................................... Borrowed Funds............................................................ Stockholders' Equity ..................................................... FINANCIAL RATIOS: 2016 $104,123 18,002 86,121 3,480 30,880 $1.35 1.34 .55 41.04% $12.90 12.90 $3,510,320 2,545,421 30,057 2,608,717 586,224 305,830 $3,329,308 2,364,187 28,238 2,590,988 432,554 290,806 2015 2014 (dollars in thousands, except per share data) 2013 $92,135 16,529 75,606 4,317 25,890 $1.23 1.22 .52 42.62% $11.85 11.84 $3,130,343 2,248,183 27,256 2,284,675 577,214 250,936 $2,897,548 1,990,823 24,531 2,215,883 419,372 243,330 $81,976 15,048 66,928 3,189 23,014 $1.11 1.10 .48 43.64% $11.20 11.19 $2,721,494 1,804,819 23,221 1,985,025 481,486 233,303 $2,515,103 1,584,198 21,554 1,922,172 347,946 224,585 $74,851 12,364 62,487 2,997 21,300 $1.04 1.03 .45 43.69% $10.04 10.03 $2,399,892 1,477,937 20,848 1,782,128 395,463 206,556 $2,240,139 1,286,227 19,847 1,747,888 272,737 203,125 2012 $76,229 16,127 60,102 3,628 20,393 $1.02 1.01 .43 42.57% $10.14 10.13 $2,108,290 1,147,384 18,624 1,633,076 248,634 205,370 $2,057,608 1,073,046 18,098 1,578,233 257,392 200,137 Return on Average Assets (ROA) …............................. Return on Average Stockholders' Equity (ROE) ........... Average Equity to Average Assets ............................... .93% 10.62% 8.73% .89% 10.64% 8.40% .92% 10.25% 8.93% .95% 10.49% 9.07% .99% 10.19% 9.73% STOCK PRICES AND CASH DIVIDENDS* STOCK PRICES AND CASH DIVIDENDS * The Corporation's common stock trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol "FLIC." The following table sets forth high and low sales prices and dividends declared, by quarter, for the years ended December 31, 2016 and 2015. Quarter First Second Third Fourth High $20.33 21.29 22.35 29.67 2016 Low $17.43 18.06 18.68 20.99 Dividends Declared $ .13 .13 .14 .14 High $18.91 19.29 19.16 21.28 2015 Low $15.50 15.99 15.21 17.36 Dividends Declared $ .13 .13 .13 .13 * Adjusted to reflect the Corporation's stock splits. 2016 Annual Report 13 CONSOLIDATED BALANCE SHEETS CONSOLIDATED BALANCE SHEETS December 31 (in thousands) 2016 2015 Assets: Cash and cash equivalents .............................................................................................. $ 36,929 $ 39,635 Investment securities: Held-to-maturity, at amortized cost (fair value of $11,637 and $14,910) ................... Available-for-sale, at fair value................................................................................... Loans held-for-sale........................................................................................................... Loans: Commercial and industrial......................................................................................... Secured by real estate: Commercial mortgages........................................................................................ Residential mortgages......................................................................................... Home equity lines................................................................................................ Consumer and other ................................................................................................. Allowance for loan losses ......................................................................................... Restricted stock, at cost.................................................................................................... Bank premises and equipment, net.................................................................................. Bank-owned life insurance................................................................................................ Pension plan assets, net................................................................................................... Other assets..................................................................................................................... Liabilities: Deposits: Checking.................................................................................................................... Savings, NOW and money market............................................................................. Time, $100,000 and over .......................................................................................... Time, other ................................................................................................................ Short-term borrowings...................................................................................................... Long-term debt................................................................................................................. Accrued expenses and other liabilities.............................................................................. Deferred income taxes payable........................................................................................ Stockholders' Equity: Common stock, par value $.10 per share: Authorized, 40,000,000 shares Issued and outstanding, 23,699,107 and 14,116,677 shares....................................... Surplus ............................................................................................................................ Retained earnings ............................................................................................................ Accumulated other comprehensive income (loss), net of tax ........................................... 14 The First of Long Island Corporation 11,387 815,299 826,686 - 126,038 1,085,198 1,238,431 86,461 9,293 2,545,421 (30,057) 2,515,364 31,763 34,361 33,097 17,316 14,804 3,510,320 $ $ 808,311 1,519,749 178,918 101,739 2,608,717 207,012 379,212 9,481 68 3,204,490 14,371 737,700 752,071 105 93,056 1,036,331 1,025,215 87,848 5,733 2,248,183 (27,256) 2,220,927 28,435 30,330 32,447 14,337 12,056 3,130,343 $ $ 777,994 1,195,968 198,147 112,566 2,284,675 211,502 365,712 12,313 5,205 2,879,407 2,370 101,738 203,326 307,434 (1,604) 305,830 3,510,320 $ 1,412 56,931 185,069 243,412 7,524 250,936 3,130,343 $ CONSOLIDATED STATEMENTS OF INCOME CONSOLIDATED STATEMENTS OF INCOME Year Ended December 31 (dollars in thousands, except per share data) 2016 2015 2014 Interest and dividend income: Loans................................................................................................... Investment securities: Taxable............................................................................................ Nontaxable ...................................................................................... Interest expense: Savings, NOW and money market deposits ........................................ Time deposits....................................................................................... Short-term borrowings.......................................................................... Long-term debt..................................................................................... Net interest income ......................................................................... Provision for loan losses ...................................................................... Net interest income after provision for loan losses................................ Noninterest income: Investment Management Division income............................................ Service charges on deposit accounts................................................... Net gains on sales of securities............................................................ Other.................................................................................................... Noninterest expense: Salaries ............................................................................................... Employee benefits ............................................................................... Occupancy and equipment .................................................................. Debt extinguishment............................................................................. Other .................................................................................................. $ 82,456 $ 70,558 $ 59,209 7,981 13,686 104,123 5,344 5,107 296 7,255 18,002 86,121 3,480 82,641 2,000 2,666 1,868 2,845 9,379 22,116 6,889 9,264 1,756 12,066 52,091 7,991 13,586 92,135 2,564 5,987 183 7,795 16,529 75,606 4,317 71,289 2,044 2,577 1,324 2,813 8,758 20,680 6,021 8,798 1,084 10,108 46,691 9,359 13,408 81,976 1,955 6,171 148 6,774 15,048 66,928 3,189 63,739 2,058 2,974 141 2,228 7,401 18,885 4,833 8,880 - 9,433 42,031 Income before income taxes............................................................ Income tax expense............................................................................... Net income...................................................................................... 39,929 9,049 30,880 $ 33,356 7,466 25,890 $ 29,109 6,095 23,014 $ Earnings per share: Basic.................................................................................................... Diluted ................................................................................................. Cash dividends declared per share...................................................... $1.35 $1.34 $.55 $1.23 $1.22 $.52 $1.11 $1.10 $.48 2016 Annual Report 15 OFFICERS AND OFFICIAL STAFF OFFICERS The First of Long Island Corporation Michael N. Vittorio President and Chief Executive Officer Sallyanne K. Ballweg* Senior Executive Vice President *Retired Mark D. Curtis Senior Executive Vice President, Chief Financial Officer and Treasurer Christopher Becker Executive Vice President, Chief Risk Officer and Corporate Secretary Paul J. Daley Executive Vice President Richard Kick Executive Vice President Donald L. Manfredonia Executive Vice President Richard P. Perro Executive Vice President William Aprigliano Senior Vice President and Chief Accounting Officer Robert J. Colosa Vice President and Chief Auditor OFFICIAL STAFF The First National Bank of Long Island Administration Michael N. Vittorio President and Chief Executive Officer Sallyanne K. Ballweg* Senior Executive Vice President Branch Administration Richard P. Perro Executive Vice President Cathy C. O’Malley Senior Vice President Western District Manager Allison Stansfield Senior Vice President Eastern District and Manhattan District Manager Giuseppe Sparacino Vice President and Branch Operations Manager John Cochrane Vice President Commercial Banking Paul J. Daley Executive Vice President Nassau County Regional Office Jane F. Reed Senior Vice President and Team Leader Peter Piscitello Vice President Nicholas E. Ulrich Vice President Joseph Wasilus Vice President Suffolk County Regional Office Margaret M. Curran-Rusch Senior Vice President and Team Leader Finance Mark D. Curtis Senior Executive Vice President, Chief Financial Officer and Cashier Stephen Durso Vice President Alessandro Scichilone Vice President Richard B. Smith Vice President Municipal Banking Yve L. Sullivan Vice President Commercial Lending John G. Fitzpatrick Vice President Richard O’Rourke Vice President Kevin J. Talty Vice President Credit Administration Donald L. Manfredonia Executive Vice President, Senior Lending Officer and Deputy CRA Officer Credit Department Anne Marie Stefanucci Senior Vice President, Credit Risk and Administration Officer Lisa M. Woltmann Vice President, Assistant Manager Suzan Haas Vice President Kelly McCormack Vice President Andrea Volpe Vice President William Aprigliano Senior Vice President and Chief Accounting Officer Jay McConie Senior Vice President and Chief Investment Officer Maria E. Doyle Vice President and Controller Dina M. Cascione Vice President and Financial Reporting Manager Matthew J. Mankowski Vice President and Assistant Controller Human Resources Susan J. Hempton Vice President and Director Rita Quinn Vice President and Human Resources Generalist Investment Management Division Jane Carmody Vice President and Managing Director JoAnne C. Buckley Vice President Sharon E. Pazienza Vice President and Trust Officer Jean-Pierre C. Prusack Vice President and Portfolio Manager Marketing Laura C. Ierulli Vice President and Director Retail Lending & Facilities Administration Richard Kick Executive Vice President, Senior Retail Lending Officer, Senior Facilities Administrator and Chief Security Officer Rose Florio-Campanaro Senior Vice President and Loan Center Department Manager Frederick T. Hughes Vice President and Residential Mortgage Sales Department Manager Marina Salazar Vice President and Assistant Residential Mortgage Sales Manager Daniel Sapanara Vice President and General Services Manager Risk Management Christopher Becker Executive Vice President and Chief Risk Officer Tanweer S. Ansari, Esq. Senior Vice President and Chief Compliance Officer Robert J. Colosa Vice President and Chief Auditor Technology & Operations Jose Diaz Senior Vice President Conrad Lissade Vice President and Director of Information Security Kristen Valkuchak Vice President and Operations Manager Daniel J. Viola Vice President and Director of Information Technology General Counsel Schupbach, Williams & Pavone LLP SEC Counsel Luse Gorman, PC Independent Auditors Crowe Horwath LLP Annual Report on Form 10-K A copy of the Corporation’s annual report on Form 10-K for 2016 may be obtained without charge upon written request to Mark D. Curtis, Senior Executive Vice President, Chief Financial Officer and Treasurer, The First of Long Island Corporation, 10 Glen Head Road, PO Box 67, Glen Head, New York 11545-0067. Executive Office The First of Long Island Corporation 10 Glen Head Road, Glen Head, New York 11545 (516) 671-4900 | www.fnbli.com Transfer Agent and Registrar Continental Stock Transfer & Trust Company 17 Battery Place – 8th Floor New York, NY 10004 (800) 509-5586 cstmail@continentalstock.com Annual Meeting Notice The Annual Meeting of Stockholders will be held at The Carltun, Eisenhower Park, East Meadow, New York on Wednesday, April 19, 2017 at 3:30 P.M. 16 The First of Long Island Corporation BUSINESS ADVISORY BOARD Joseph R. Albanese, Esq. Managing Partner Albanese & Albanese LLP Nicola Arena Chairman Mediterranean Shipping Co. (USA) Richard Arote Chief Executive Officer A.D.E. Systems Inc. Thomas Burke Chief Executive Officer Ophthalmic Consultants of Long Island Frank DellaFera President Fera Pharmaceuticals, LLC Bernard Esquenet Chief Executive Officer The Ruhof Corporation Robert Giambalvo, CPA President Giambalvo, Stalzer & Company, CPAs, P.C. Kevin J. Harding, Esq. Partner Harding, Burke & Hogan, PLLC Carmine R. Inserra Principal, Executive Director NAI Long Island David L. Katz, M.D. President DLK Consulting Services, LLC Healthcare Consulting, Management James D. Kiley Partner Kiley, Kiley, & Kiley PLLC John I. Martinelli Principal Owen Petersen & Co., LLP Susan Hirschfeld Mohr President J. W. Hirschfeld Agency, Inc. James Panos, Esq. Attorney James Panos, Attorney at Law John G. Passarelli, M.D. President, Sight M.D. Medical Director Long Island Eye Surgical Care P.C. Long Island Ambulatory Surgery Center, LLC Jay Pitti Chief Executive Officer Merrick House & Gardens Arthur C. Schupbach, Esq. Partner Schupbach, Williams & Pavone LLP Frank Shahery Vice President Convermat Corporation Lloyd Straus President & Chief Operating Officer North American Partners in Anesthesia, LLP H. Craig Treiber Chief Executive Officer Treiber Family Enterprises Sal J. Turano President Abstracts Incorporated Candy Udell President London Jewelers Mark Udell Chief Executive Officer London Jewelers Arthur Ventura President Badge Agency, Inc. George J. Walsh Partner Thompson Hine LLP John W. Walter CEO & President National Security Systems, Inc. Executive Vice President Trump Management, Inc. David Weinstein Partner DNA Partners LLC Mark Wurzel President Calico Cottage Inc. Robert A. Wilkie, Esq.* Partner Wilkie & Wilkie *In memoriam: We express our sincere condolences for the recent passing of Bob and are very appreciative for his dedicated service to the Bank. ®
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