First of Long Island (First of Long Island) Scaled Net Operating Assets

: 0.05 (As of Dec. 2023)

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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First of Long Island's operating assets for the quarter that ended in Dec. 2023 was $3,479.14 Mil. First of Long Island's operating liabilities for the quarter that ended in Dec. 2023 was $3,288.31 Mil. First of Long Island's Total Assets for the quarter that ended in Sep. 2023 was $4,217.07 Mil. Therefore, First of Long Island's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.05.

First of Long Island Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First of Long Island's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(4175.013	-	3288.314)	/	4281.511
=	0.21

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4235.9	-	60.887
=	4175.013

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3855.754	-	497.44	-	70
=	3288.314

First of Long Island's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(3479.136	-	3288.314)	/	4217.066
=	0.05

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	4235.9	-	756.764
=	3479.136

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3855.754	-	497.44	-	70
=	3288.314

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First of Long Island (First of Long Island) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First of Long Island Corp (NAS:FLIC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

275 Broadhollow Road, Melville, NY, USA, 11747

Website

https://www.fnbli.com

First of Long Island Corp is a holding company that provides financial services. It offers services of saving accounts, current accounts, and capital gain accounts. The company also provides lending services, such as commercial and residential mortgage loans, industrial loans, small business credit scored loans, and other credit facilities. In addition, the company provides account reconciliation services, ATM Banking, bill payment, cash management services, mobile banking, online banking, and payroll services to privately owned businesses, professionals, consumers, and public bodies. Revenue earned by the company mainly consists of the interest on loans and investment securities, fees on deposit accounts, and income from investment management.

Executives

Christopher J Hilton	officer: Executive Vice President	C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, PO BOX 9000, RIVERHEAD NY 11901
Tanweer Sheikh Ansari	officer: EVP, Internal Counsel	10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Cooper John Abbott Root	director	215 EAST 72ND STREET, 7W, NEW YORK NY 10021
Susanne Pheffer	officer: EVP, Chief Information Officer	10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Edward J. Haye	director	275 BROADHOLLOW ROAD, MELVILLE NY 11747
Paul T Canarick	director
Milbrey Rennie Taylor	director	C/O THE FIRST OF LONG ISLAND CORPORATION, 10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Teagle Walter C Iii	director
Michael J. Spolarich	officer: EVP, Chief Credit Officer	10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Christopher Becker	officer: Vice President	37 COOPER LANE, EAST HAMPTON NY 11937
Janet T Verneuille	officer: Executive Vice President	PO BOX 3005, BRIDGEHAMPTON NY 11932
Alexander L Cover	director
Michael N Vittorio	director, officer: President & CEO
Jay P Mcconie	officer: Executive Vice President, CFO	10 GLEN HEAD ROAD, GLEN HEAD NY 11545
Mark D Curtis	officer: Sr. Vice President & Treasurer