Annual Report The First National Bank of Long Island, the sole subsidiary of The First of Long Island Corporation (NASDAQ:FLIC), is a local bank founded in 1927 in Glen Head, New York. Through its branch network branded as First National Bank LI, the Bank focuses on business and consumer needs on Long Island and in New York City. We offer a broad set of lending, deposit, investment and digital products. First National Bank LI is known for its culture of delivering extraordinary service and a “Customer First” banking experience to small and middle market businesses, professional service firms, not-for-profits, municipalities and consumers. The Bank’s tagline “Go First. Go Far.SM” communicates its employees’ commitment to helping customers reach their financial goals. For more information about the Bank and Corporation visit fnbli.com. 2020 Annual Report First of Long Island Corporation Selected Financial Data (dollars in thousands, except per share data) Income Statement Data Interest Income Interest Expense Net Interest Income Provision (Credit) for Credit 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 Credit Losses Deposits Borrowed Funds Stockholders’ Equity Average Balance Sheet Data Total Assets Loans Allowance for Credit Losses Deposits Borrowed Funds Stockholders’ Equity Financial Ratios Return on Average Assets (ROA) Return on Average Equity (ROE) Average Equity to Average Assets $ $ $ $ $ $ $ $ $ $ 2020 131,216 29,188 102,028 3,006 41,203 1.73 1.72 .74 43.02% 17.11 17.10 4,069,141 3,033,454 33,037 3,321,588 306,097 407,118 4,140,867 3,110,512 33,180 3,257,317 457,939 393,662 2019 143,850 43,681 100,169 33 41,555 1.68 1.67 .70 41.92% 16.26 16.25 4,097,843 3,188,249 29,289 3,144,016 528,182 389,108 4,194,355 3,217,530 30,080 3,276,699 494,785 391,613 $ $ $ $ $ 2018 138,237 35,730 102,507 (1,755) 41,573 1.64 1.63 .64 39.26% 15.27 15.26 4,241,060 3,263,399 30,838 3,084,972 750,950 388,187 4,177,341 3,177,519 34,960 3,168,348 623,587 374,876 $ $ $ $ $ 2017 118,265 21,709 96,556 4,854 35,122 1.44 1.43 .58 40.56% 14.37 14.36 3,894,708 2,950,352 33,784 2,821,997 704,938 354,450 3,695,850 2,758,116 32,022 2,812,733 540,307 334,088 $ $ $ $ $ 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 1.00% 10.47% 9.51% .99% 10.61% 9.34% 1.00% 11.09% 8.97% .95% 10.51% 9.04% .93% 10.62% 8.73% 1 From the President and CEO Branch Administration and Corporate Services Departments allowed our return to normal operating hours faster than most of our competitors. We never had to ask our customers to make an appointment to visit a branch. The pandemic consumed our workforce both professionally and personally. To their credit they were not going to be deterred from moving forward on several key initiatives addressed in my letter to shareholders last March. Our team knew that broadening our message and expanding our brand was long overdue. We embarked on a year-long branding project that culminated with a November 30, 2020 launch of a revised brand including an updated logo to reflect the customer experience of banking with First National. One of the most important principles at First National will always remain the same, a “Customer First” attitude highlighted by our new tagline, Go First. Go FarSM. 2 3 First of Long Island CorporationTo Our Shareholders:To say the least, my first year as President and Chief Executive Officer of The First National Bank of Long Island was not as expected. Due to the COVID-19 pandemic, we quickly reallocated resources from organic growth initiatives to relief efforts in our markets. First National’s team pulled together to provide the essential services our customers need. We originated $171 million in first draw Paycheck Protection Program (“PPP”) loans for our customers and provided over $600 million of loan payment deferrals to help them manage through the unprecedented challenges. For the safety of our employees, customers and the communities we serve, we adjusted branch operating hours allowing for social distancing and completed modifications of our branch interiors with appropriate personal protective equipment. The hard work and dedication of our One of the most important principles at First National will always remain the same, a “Customer First” attitude... Alongside the distinctive branding we rolled out an interactive Digital banking proved to be a lifeline for customers during the custom designed website to better support our customers’ pandemic. We took pride in seeing our customers migrate to our electronic banking services and digital banking needs. As easy to use electronic products especially our mobile app. Mobile banking customers utilize online delivery channels to access deposit volumes tripled during the height of the shutdown and services and information 24/7, the customer experience must these volumes remain near the peak. Our Digital Channels meet their expectations. Our website emphasizes the strength of Department completed previously stated improvements such our customer service with a ‘Let’s Connect’ feature embedded as implementing Zelle® for P2P payments and TransferNow to throughout the site. Our plan to identify inefficiencies in our existing footprint and expand geographically through de novo branching made significant progress in 2020. We opened our first branch in eastern Suffolk County at 140 Main Street in Riverhead. We will complement that opening with a branch in East Hampton where provide additional customer flexibility in transferring funds both internally and externally. Responding to customer and employee feedback, we added the ability to access account statements through our mobile app. Another mobile app upgrade, and a personal favorite, is the auto-capture feature when taking a photo of checks being deposited. we leased space at 100 Pantigo Place. Servicing Long Island for 93 After exploring alternatives to increase revenue from our plus years means we opened many branches pre-digital banking. Investment Management Division, Trust Department and retail Our team closed and consolidated six branches, most within a investment program through our branch network, we announced few miles of one another. We continue evaluating alternatives for a partnership with Financial Resources Group that transitions our expanding and rightsizing our branch network. programs under one platform with LPL Financial, the nation’s largest independent broker-dealer. The high-quality trust services and investment management our customers are accustomed to will now be accessible through the advice, technology, research, clearing and compliance services offered by LPL Financial. Our partnership, branded as First Investments, offers investment management, retirement planning, financial planning, asset management solutions and trust services. We recently leased space at 275 Broadhollow Road in Melville, New York, for a state-of-the-art branch and additional office space. As the Bank expands further into Suffolk County as well as westward into sections of New York City, this location is far more convenient for employee recruiting and retention and reinforces our new branding initiative. Our signage will be at the top of the Our Riverhead branch officially opened on December 24, 2020. 2 3 First of Long Island Corporation four-story building showcasing desirable visibility from the Long Island Expressway and Route 110. The Bank’s Main Office will remain where the Bank was founded in Glen Head, New York. In the middle of preparing the announcements for the exciting changes outlined above, First National was named the best small bank in New York State by Newsweek. In a partnership with LendingTree to create the Best Banks rankings, Newsweek evaluated more than 2,500 FDIC-insured financial institutions. They assessed U.S. banks by looking at 55 separate elements of loans, and savings and checking accounts to determine a “best- in-class” option in 19 categories, including the best big and small bank in every state. This unsolicited award is a testament to our dedicated employees. Speaking of our employees, they have been extraordinary during this pandemic. Not only did they support the completion of the initiatives outlined in this letter, their dedication and caring for our customers was amazing. They worked “around the clock” to get PPP loan approvals for customers. They serviced customers by passing documents under doors and through drive-up windows. They helped customers from home, through electronic meetings and by safely meeting outside. They actively pursued additional electronic access to customer information, email and virtual meetings to meet the needs of our customers. They remain the backbone of our Bank. The movement for social justice in our country gained significant momentum this past year. Increasing diversity in employment practices is often cited as a fundamental start to leveling the wealth gap and fighting structural racism. The workforce at First National is diverse in gender, race, ethnicity and backgrounds. We recognize that we need to be part of the solution. Along with taking actions to diversify our workforce and leadership, as bankers we have an obligation to ensure our lending practices are fair and treat all people without disparity. Our community service programs must reach the communities most in need to educate on financial literacy, business and home ownership, and learning to save and invest. Equal opportunity to health, homeownership and education is an essential right for all citizens. The events of 2020 seemed to overshadow the normal focus on financial performance. Among all the disruption and change, we did not abandon our fiscal responsibility to shareholders. We posted record earnings per share in 2020 of $1.72, from $1.67 in 2019. We continued to shift our mix of loans from residential to commercial. Residential mortgage prepayments exceeded expectations due to historical low rates, resulting in a reduction in outstanding balances of approximately $300 million. By adding resources to existing lending and credit teams, we were able to show modest growth in our commercial loan portfolio excluding PPP loans. During a year where the industry experienced tremendous pressure on net interest margins, we actively managed liability costs and increased our net interest margin to 2.64% in 2020 from 2.57% in 2019. Net income in 2020 totaled $41.2 million, down slightly from $41.6 million in 2019. Return on equity was 10.47% and return on assets was 1.00%, comparable to 10.61% and .99%, respectively, in 2019. Book value per share increased to $17.11 at year end 2020 from $16.26 at year end 2019. Cash dividends per share increased to $.74 from $.70 in 2019. The Bank is well-positioned to move forward. I must recognize 43 years of service by Howard Thomas Hogan Jr., Esq. Tom retires from our Board of Directors effective with our 2021 Annual Meeting. He joined the Board of Directors of the Bank in 1978 and the Board of Directors of the Company upon its incorporation in 1984. His tenure spanned four CEOs, included growth in total assets from $66 million to over $4 billion and an increase in branches from 6 to 47. Tom’s knowledge of our local markets and his personal relationships with numerous customers added to his value as a director. We are grateful to Tom for his service and dedication and wish him the best. I stated last year that our organization is spirited and resilient. Little did I know how much those traits would be tested in 2020. Our Board of Directors transitioned to virtual meetings and continued to provide their valuable insight and oversight. Our management group, always a hard-working team, set a new bar for effort. I thank our customers, long term and new, for their loyalty, trust and understanding under very difficult circumstances. To our shareholders, increasing shareholder value remains our top priority. Sincerely, Christopher Becker President and Chief Executive Officer 4 5 5 First of Long Island Corporation2020 Annual Report First of Long Island Corporation EPS (Dollar per share) Five Year CAGR 7.1% $1.43 $1.34 $1.63 $1.67 $1.72 Cash Dividends (Dollar per share) Five Year CAGR 7.3% $0.64 $0.58 $0.55 $0.74 $0.70 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Book Value (Dollar per share) Five Year CAGR 7.6% $15.27 $14.37 $12.90 Leverage Capital Ratio (percent) $17.11 $16.26 9.34% 9.40% 9.42% 8.89% 9.97% 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 4 5 5 First of Long Island Corporation2020 Annual Report New Branding As the pandemic began its course in early 2020, First National Bank LI remained focused on a positive future. After a year of work by many talented people, we launched our new brand and message on November 30, 2020. With a history of 93 years of service and growth, we embraced the need to present the modern professional character of the Bank. Our team of collaborators were tasked with building on the breadth and depth of our up-to-date “Customer First” mindset. We created the new brand elements to incorporate our strong history of service and culture. The bedrock of the Bank has always been the customer experience. Our goal was to communicate that we are forward-thinking and ever improving. The tagline “Go First. Go Far.SM” communicates the relationship of First National Bank LI with customers’ financial goals and beyond. “Go First” invites customers to choose First National as their financial partner. More importantly, the “Go Far” reinforces our commitment to customer success. Rolling out a user friendly and custom website became a priority to support our new brand. Our ads, website and social media presence now focus on the “Let’s Connect” theme. The online world is a 24/7 environment offering access to communication and transactions wherever and whenever our customers need to interact with the Bank. Again, “Let’s Connect” is a friendly invitation and acknowledgment that we are available. We continue to strive for new, innovative and extraordinary ways to provide the exemplary service our bankers are known for delivering. 6 7 First of Long Island Corporation2020 Annual Report Best Small Bank in New York State In 2020, Newsweek partnered with LendingTree, to create the Best Banks rankings. More than 2,500 FDIC-insured financial institutions, were assessed. These U.S. banks were ranked by performance in 55 separate elements of loans and savings and checking accounts to determine “best- in-class.” The “best” designation was awarded to big and small banks in every state. We were proud to be named the Best Small Bank in New York State and recognized among America’s Best Banks by Newsweek. For over 93 years, we have been putting customers first by providing superior personalized service. Thank you to our employees for earning this special distinction. 6 7 First of Long Island Corporation2020 Annual Report Pandemic Committee Glen Head Branch Information Security #FNBLISTRONG Fort Hamilton Parkway Branch Greenvale Branch Operations Department COVID-19 First National Bank LI successfully navigated the immediate pressures of the COVID-19 crisis in 2020. Never did our purpose of providing a “Customer First” experience resonate as profoundly as it has in the last year. It holds truer in this moment, more than ever before, as we continue to focus on our customer needs to help them recover from the impact of the pandemic. In early March of 2020, life around the world changed dramatically. No one could have planned for the complexity of challenges and levels of uncertainty that COVID-19 presented. As essential workers, our employees served customers throughout the pandemic. The human element of empathy and understanding the personal situations of our customers always remained. The Bank created a Pandemic Committee to quickly implement the necessary protocols to minimize the spread of the virus. Our top priority was the health and well-being of our customers, employees and communities. Protective measures were put in place including enhanced cleaning procedures, quarantines, employees working remotely, mandatory use of face masks and social distancing programs. Our employees worked with confidence and our customers banked securely knowing that First National stood behind them, with robust safety measures. 8 9 First of Long Island Corporation2020 Annual Report Information Security Commercial Lending (Suffolk) Risk Management Glen Head Branch #FNBLISTRONG Greenvale Branch Operations Department Commercial Underwriters #FNBLISTRONG We are grateful to all our employees who were essential workers during the pandemic. Together, they became stronger. No matter what the circumstances were, a day did not go by where the customer did not come “first.” Appointments were not required, and the convenience of our digital products allowed them to continue with their daily transactions. Our branch bankers made themselves available whether it was over the phone, virtual meeting, in a branch or at one of our drive-up windows. Our priority was to keep all our customers and essential workers safe and healthy. During the pandemic, the Bank launched a social media campaign named #FNBLISTRONG. It announced our solidarity with our customers and the communities that we serve. It is more than just a hashtag. It demonstrated how the positive response of our employees allowed us as an organization to continue to execute our strategic plan during an unprecedented operating environment. It further cemented the “We are in this together” company-wide mindset. In the fluid environment of ever- changing virus information, our front-line and back-office employees displayed incredible resilience. Through it all, they were focused, dedicated and, most importantly, STRONG. Thank you to everyone for your enormous effort. The Bank’s performance this past year represented a team effort from all our employees who worked tirelessly to meet the expectations of our customers and our shareholders. 8 9 First of Long Island Corporation2020 Annual Report NY Blood Center Cobble Hill Branch Northport Branch Virtual Food Drive Lustgarten Foundation of America Long Island Manhattan Queens Brooklyn Virtual Toy Drive Loan Center 10 FNBLI Supports AFA 11 First of Long Island Corporation2020 Annual Report Northport Branch Cobble Hill Branch It is truly a rare thing to have such a reliable partner as The First National Bank of Long Island, which is of course only as good as the folks like you, who handle our work so efficiently and effectively. Virtual Food Drive Virtual Toy Drive FNBLI Supports AFA Over 1000 Loans Originated Nearly One Quarter of a Billion Dollars to Support our Communities Long Island Manhattan Queens Brooklyn Riverhead Branch Supporting Our Local Communities First National Bank LI served as a financial lifeline for businesses and individuals in response to the COVID-19 pandemic. Our bankers worked 24/7, even on Sundays and during holidays, to help businesses access vital Paycheck Protection Program (PPP) loans from the Small Business Administration. PPP loans provided small businesses with funds to pay employees during the slowdown in business or temporary closures related to stay-at-home orders during the pandemic. We channeled loans to the neighborhoods where our depositors lived and worked, which helped local businesses and communities survive. Our bankers took time to listen to the individual circumstances of our customers which truly speaks to why Relationship Banking is so important. Understanding our customers’ needs allowed First National to provide targeted loan payment relief through loan modifications for those businesses and individuals experiencing financial hardship. Giving back to communities has always been a part of who we are as a bank. Undaunted by the pandemic, our employees stepped up to serve others affected by COVID-19. Our corporate mantra, as always, is “do the right thing.” 10 11 First of Long Island Corporation2020 Annual Report Branch Network Brooklyn Bay Ridge 9202 4th Avenue Brooklyn, NY 11209 (646) 795-5000 Yajaira Estevez Branch Manager Cobble Hill 227 Smith Street Brooklyn, NY 11231 (718) 942-3777 Wilona Chambers Branch Manager Fort Hamilton Parkway 559 86th Street Brooklyn, NY 11209 (718) 942-6000 JoAnn Loddo Branch Manager Manhattan 232 Madison Avenue New York, NY 10016 (212) 213-8111 Lisa Reardon Branch Manager 12 12 Queens Astoria 23-25 31st Street Astoria, NY 11105 (929) 429-3500 Elizabeth Traitouros Branch Manager Bay Terrace 23-88A Bell Boulevard Bayside, NY 11360 (929) 409-6100 Jennifer Crowe Branch Manager College Point 132-11A 14th Avenue College Point, NY 11356 (718) 215-7500 Indira Miller Branch Manager Howard Beach 159-14 Cross Bay Boulevard Howard Beach, NY 11414 (718) 835-1962 Salvatore Giunta Branch Manager Little Neck 254-57 Horace Harding Expressway Little Neck, NY 11362 (929) 448-2200 Susan Placella Branch Manager Whitestone 19-01 Utopia Pkwy Whitestone, NY 11357 (718) 279-1206 Joanne Bosco Branch Manager Long Island Babylon 42 Deer Park Avenue Babylon, NY 11702 (631) 422-1700 Colleen Vogelsberg Branch Manager Bayville 282 Bayville Avenue Bayville, NY 11709 (516) 628-1288 Melanie Chopay Branch Manager Bellmore 408 Bedford Avenue Bellmore, NY 11710 (516) 679-6200 Carmen Buzzetta Branch Manager Bohemia 30 Orville Drive Bohemia, NY 11716 (631) 218-2500 Brian Gottesman Branch Manager Cold Spring Harbor 147 Main Street Cold Spring Harbor, NY 11724 (631) 367-3600 Diana Mooers Branch Manager East Islip 151 West Main Street East Islip, NY 11730 (631) 277-2936 Julie Freund Branch Manager East Meadow 1975 Hempstead Turnpike East Meadow, NY 11554 (516) 357-7200 Vincenza Vitale-Puccio Branch Manager East Setauket 234 Main Street (Route 25A) East Setauket, NY 11733 (631) 564-1000 Kathleen Crowe Branch Manager Garden City 1050 Franklin Avenue, Ste. 100 Garden City, NY 11530 (516) 742-6262 Carol Kolesar Branch Manager 13 13 First of Long Island Corporation2020 Annual Report Branch Network Glen Head 10 Glen Head Road Glen Head, NY 11545 (516) 674-6650 Michelle Moreira-Jodice Branch Manager Great Neck 536 Northern Blvd. Great Neck, NY 11021 (516) 482-6666 Christine Pryce Branch Manager Greenlawn 76 Broadway Greenlawn, NY 11740 (631) 754-0660 Laura David Branch Manager Greenvale 7 Glen Cove Road Greenvale, NY 11548 (516) 621-8811 Christina Marotta Branch Manager Hauppauge 330 Motor Parkway, Ste. 100 Hauppauge, NY 11788 (631) 952-2900 JoAnn Diamond Branch Manager Hewlett 1301 Broadway Hewlett, NY 11557 (516) 295-1974 Audrey Rieman Branch Manager Hicksville 106 Old Country Road Hicksville, NY 11801 (516) 932-7150 Lisa Wilton Branch Manager Huntington 253 New York Avenue Huntington, NY 11743 (631) 427-4143 Colleen Hatt-De Stefano Branch Market Manager Lake Success 3000 Marcus Avenue Lake Success, NY 11042 (516) 775-3133 Patricia DeMasi Branch Market Manager Lindenhurst 1 East Montauk Highway Lindenhurst, NY 11757 (631) 956-3800 Mark Quinones Branch Manager Locust Valley 108 Forest Avenue, Suite 2 Locust Valley, NY 11560 (516) 671-1549 Elizabeth Materia Branch Market Manager Manhasset 572 Plandome Road Manhasset, NY 11030 (516) 365-5010 Joseph Gueli Branch Manager Massapequa 574 Broadway Massapequa, NY 11758 (516) 795-0100 Linda Rowse Branch Manager Melville 555 Broad Hollow Road, Suite 001 Melville, NY 11747 (631) 752-1000 Paula Lavrado Branch Manager Roslyn Heights 130 Mineola Avenue Roslyn Heights, NY 11577 (516) 621-1900 Susan Fletcher Branch Manager Sayville 215 West Main Street Sayville, NY 11782 (631) 472-7000 John Robilotto Branch Manager Sea Cliff 299 Sea Cliff Avenue Sea Cliff, NY 11579 (516) 671-7868 Janice Valentine Branch Manager Smithtown 285 Middle Country Road Suite 104 Smithtown, NY 11787 (631) 265-0200 Stephen Pedersen Branch Manager Valley Stream 127 E. Merrick Road Valley Stream, NY 11580 (516) 825-0202 Karen Johnson Branch Manager Woodbury 800 Woodbury Road Woodbury, NY 11797 (516) 364-3434 Marianne Plummer Branch Manager Coming Soon: East Hampton Merrick 1810 Merrick Avenue Merrick, NY 11566 (516) 771-6000 Joseph Nappi Branch Market Manager Northport 711 Fort Salonga Road Northport, NY 11768 (631) 261-4000 Mary Sullivan Branch Market Manager Northport Village 105 Main Street Northport, NY 11768 (631) 261-0331 Vincent Bartilucci Branch Manager Oceanside 2933 Long Beach Road Oceanside, NY 11572 (516) 536-3989 Carmela Cacciuottolo Branch Manager Patchogue 392 East Main Street Patchogue, NY 11772 (631) 289-1189 Frances Koslow-Leitch Branch Manager Port Jefferson Station Davis Professional Park 5225 Nesconset Highway Building 4, Suite 21 Port Jefferson Station, NY 11776 (631) 928-4411 John J. Rate, Jr. Branch Manager Riverhead 140 East Main Street Riverhead, NY 11901 (631) 603-3698 Angela Reese Market Manager Kim Sweeney Branch Manager Rockville Centre 310 Merrick Road Rockville Centre, NY 11570 (516) 763-5533 Linda Roldan Branch Market Manager 12 12 13 13 First of Long Island Corporation2020 Annual Report Consolidated Balance Sheets December 31 (in thousands) Assets: Cash and cash equivalents Investment securities available-for-sale, at fair value Loans: Commercial and industrial SBA Paycheck Protection Program Secured by real estate: Commercial mortgages Residential mortgages Home equity lines Consumer and other Allowance for credit losses Restricted stock, at cost Bank premises and equipment, net Right-of-use asset - operating leases Bank-owned life insurance Pension plan assets, net Deferred income tax benefit Other assets Liabilities: Deposits: Checking Savings, NOW and money market Time Short-term borrowings Long-term debt Operating lease liability Accrued expenses and other liabilities Stockholders' Equity: Common stock, par value $.10 per share: Authorized, 80,000,000 shares; Issued and outstanding, 23,790,589 and 23,934,632 shares Surplus Retained earnings Accumulated other comprehensive income, net of tax 2020 2019 $ 211,182 662,722 $ 38,968 697,544 100,015 139,487 1,421,071 1,316,727 54,005 2,149 3,033,454 (33,037) 3,000,417 20,814 38,830 12,212 85,432 20,109 1,375 16,048 4,069,141 1,208,073 1,679,161 434,354 3,321,588 60,095 246,002 13,046 21,292 3,662,023 2,379 105,547 295,622 403,548 3,570 407,118 4,069,141 $ $ $ 103,879 — 1,401,289 1,621,419 59,231 2,431 3,188,249 (29,289) 3,158,960 30,899 40,017 14,343 83,119 18,275 317 15,401 4,097,843 911,978 1,720,599 511,439 3,144,016 190,710 337,472 15,220 21,317 3,708,735 2,393 111,744 274,376 388,513 595 389,108 4,097,843 $ $ $ 14 15 First of Long Island Corporation2020 Annual Report Consolidated Statements of Income Year Ended December 31 (dollars in thousands, except per share data) 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 (credit) for credit losses Net interest income after provision (credit) for credit losses Noninterest income: Investment Management Division income Service charges on deposit accounts Net gains (losses) on sales of securities Other Noninterest expense: Salaries and employee benefits Occupancy and equipment Debt extinguishment Other Income before income taxes Income tax expense Net income Earnings per share: Basic Diluted Cash dividends declared per share 2020 2019 2018 $ 109,492 $ 117,171 $ 112,784 11,873 9,851 131,216 9,097 10,977 1,574 7,540 29,188 102,028 3,006 99,022 2,180 2,962 2,556 6,388 14,086 37,288 12,370 2,559 11,364 63,581 49,527 8,324 41,203 $1.73 $1.72 $0.74 $ 15,212 11,467 143,850 18,563 14,494 3,261 7,363 43,681 100,169 33 100,136 2,010 3,214 14 5,373 10,611 37,111 11,904 — 11,949 60,964 49,783 8,228 41,555 $1.68 $1.67 $0.70 $ $ 12,040 13,413 138,237 12,105 10,452 4,858 8,315 35,730 102,507 (1,755) 104,262 2,175 2,634 (10,406) 7,876 2,279 36,465 11,686 — 11,755 59,906 46,635 5,062 41,573 $1.64 $1.63 $0.64 15 14 First of Long Island Corporation2020 Annual Report Executive Officers Christopher Becker President and Chief Executive Officer of the Corporation and the Bank Jose Diaz Operations and Technology Officer Maria Doyle, CPA Controller of the Corporation and the Bank Christopher Hilton Executive Vice President of the Corporation and the Bank, Chief Lending Officer of the Bank Donald L. Manfredonia Executive Vice President and Senior Business Development Officer of the Bank Jay P. McConie, CPA Executive Vice President and Chief Financial Officer of the Corporation and the Bank, Treasurer of the Corporation and Cashier of the Bank Richard P. Perro Executive Vice President of the Corporation and the Bank, Chief Retail Officer of the Bank Susanne Pheffer Executive Vice President of the Corporation and the Bank, Chief Information Officer of the Bank Michael J. Spolarich Executive Vice President of the Corporation and the Bank, Chief Credit Officer of the Bank Janet T. Verneuille, CPA Executive Vice President and Chief Risk Officer of the Corporation and the Bank Senior Vice Presidents Tanweer S. Ansari, Esq Internal Counsel and Chief Compliance Officer William Aprigliano, CPA Chief Accounting Officer of the Corporation and the Bank Dina M. Cascione, CPA Loan Operations Manager Robert Colosa Chief Auditor of the Corporation and the Bank Margaret M. Curran-Rusch Commercial Lending Team Leader Brian Emigholz Commercial Lending Team Leader Rose Florio-Campanaro Senior Loan Portfolio Manager Robert Grady Director of Middle Market Lending Susan J. Hempton Director of Human Resources Laura C. Ierulli Director of Marketing Kelly McCormack Credit Department Manager Scott Morello Middle Market Relationship Manager Cathy C. O’Malley Branch District Manager Richard O’Rourke Commercial Real Estate Team Leader Jane F. Reed Senior Commercial Lending Officer Kenneth B. Ruland III Middle Market Relationship Manager Matthew Ruppert Senior Credit Officer Allison Stansfield Branch District Manager Leonardo Tavera Corporate Planning Officer Antoinette Valente Branch District Manager The First of Long Island Corporation and The First National Bank of Long Island Board of Directors Christopher Becker President & Chief Executive Officer of The First National Bank of Long Island and The First of Long Island Corporation Paul T. Canarick President & Principal of 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 Thornton LLP Howard Thomas Hogan Jr., Esq Hogan & Hogan (attorney at law) Louisa M. Ives Managing Director of Chilton Trust Stephen V. Murphy President of S.V. Murphy & Co. (investment banking) Peter Quick Retired Denise Strain Retired Managing Director of Citigroup, Inc Milbrey Rennie Taylor Retired Executive Producer of CBS News Walter C. Teagle III Chairman of The First of Long Island Corporation and The First National Bank of Long Island President of Teagle Management, Inc. (private investment firm) Chairman of The Teagle Foundation, Inc. Eric J. Tveter Chairman of ETC Ventures LLC and Veloce Esports Limited 16 2020 Annual Report Business Advisory Board Vincent A. Albanese Partner Albanese & Albanese LLP Richard Arote CEO ADE Systems Barry Berg, CPA Managing Partner Nussbaum, Yates, Berg, Klein & Wolpow LLP Frank J. DellaFera President & CEO Fera Pharmaceuticals, LLC Bernard Esquenet CEO The Ruhof Corporation Kevin J. Harding Partner Harding and Burke, PLLC Carmine Inserra Executive Director Cushman & Wakefield James D. Kiley Partner Kiley, Kiley & Kiley, PLLC John Martinelli Principal Owen Petersen & Co., LLP Susan Hirschfeld Mohr President J.W. Hirschfeld Agency, Inc. John G. Passarelli, M.D. Managing Partner Sight Medical Doctors, PLLC Arthur C. Schupbach Partner Schupbach, Williams & Pavone LLP Frank Shahery Director of Marketing Convermat Corporation Lloyd Straus CEO Anesthesia Business Group Retired President NAPA H. Craig Treiber CEO Treiber Family Enterprises Sal J. Turano President Abstracts Incorporated Candy Udell President London Jewelers Mark Udell CEO London Jewelers Mark Wurzel President Calico Cottage Inc. General Counsel Schupbach, Williams & Pavone LLP SEC Counsel Luse Gorman, PC Independent Auditors Crowe LLP Annual Report on Form 10-K Available electronically on our Investor Relations website at https://ir.firstoflongisland.com 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 1 State Street, 30th Floor New York, New York 10004 (212) 509-4000 https://continentalstock.com Annual Meeting Notice Tuesday, April 20, 2021 Meeting Time: 10:00 a.m. Eastern Time (EDT) Annual Meeting webpage (information, webcast, telephone access and replay) www.cstproxy.com/fnbli/2021 Telephone access (listen-only): Within the U.S. and Canada: 1 877-770-3647 (toll-free) Passcode for telephone access: 66987819# 2020 Annual Report 10 Glen Head Road Glen Head, NY 11545 516.671.4900 fnbli.com