The First National Bank Of Long Island Mortgage Rates, Fees & Info
Glen Head, NYLEI: WO4YNEKNSZNVVA7Q7C46
Tax ID: 11-0804410
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Mortgage Data
Bank Data
Review & Overview
The First National Bank Of Long Island is a smaller bank specializing in Cash Out Refi loans. The First National Bank Of Long Island has a high proportion of conventional loans. Their top markets by origination volume include: New York, Atlantic City, Bridgeport, and Trenton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of Long Island has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The First National Bank Of Long Island is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.34% | 12/16/24 |
| 30 Year Conventional Refi | 6.21% | 12/16/24 |
| 30 Year Cash-out Refi | 6.23% | 12/16/24 |
| 15 Year Conventional Purchase | 5.91% | 12/16/24 |
| 15 Year Conventional Refi | 5.56% | 12/16/24 |
| 15 Year Cash-out Refi | 5.56% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The First National Bank Of Long Island Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
284Origination Dollar Volume (All Markets)
$389,350,000Employee count
318Awards
The First National Bank of Long Island - 2021
The First National Bank of Long Island is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 279 | $377,845,000 | $1,354,283 | $4,949 | 2.94% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $7,355,000 | $7,355,000 | $0 | 3.13% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $2,945,000 | $981,667 | $4,576 | 3.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $5,936 | 2.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against The First National Bank of Long Island based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 284 | $389,350,000 | $1,370,951 | $4,949 | 2.93% |
For 2021, The First National Bank Of Long Island's most frequently originated type of loan was Conventional, with 284 originations.
Loan Reason
For 2021, The First National Bank Of Long Island's most frequently cited loan purpose was Cash Out Refi, with 161 originations. The 2nd most popular reason was Home Purchase, with 73 originations.
Loan Duration/Length
For 2021, The First National Bank Of Long Island's most frequently cited loan duration was 30 Year, with 203 originations. The 2nd most popular length was 10 Year, with 52 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 182 | $142,240,000 | $781,538 |
| $1k-2k | 47 | $35,495,000 | $755,213 |
The First National Bank Of Long Island's average total fees were $4,912, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 182 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 223 | $267,675,000 | $1,200,336 |
| 3-4% | 45 | $106,315,000 | $2,362,556 |
| <2.5% | 16 | $15,360,000 | $960,000 |
During 2021, The First National Bank Of Long Island's average interest rate for loans was 2.90%, while their most frequently originated rate bucket for loans was 2.5-3%, with 223 originations.
Loan Sizing
2021 saw The First National Bank Of Long Island place emphasis on $1MM+ loans with 104 originations, totaling $280,670,000 in origination value.
Applicant Income
The First National Bank Of Long Island lent most frequently to those with incomes in the $250k+ range, with 132 originations. The second most popular income band? $150k-250k, with 66 originations.
Applicant Debt to Income Ratio
The First National Bank Of Long Island lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.70%
The First National Bank Of Long Island has an average approval rate.
Pick Rate
Approvals leading to origination86.62%
The First National Bank Of Long Island has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 284 | $389,350,000 | $1,370,951 |
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The First National Bank of Long Island | 1 East Montauk Highway Lindenhurst, NY 11757 | Full Service B&M | $51,839 |
| The First National Bank of Long Island | 10 Glen Head Road Glen Head, NY 11545 | Full Service B&M | $287,085 |
| The First National Bank of Long Island | 105 Main Street Northport, NY 11768 | Full Service B&M | $27,505 |
| The First National Bank of Long Island | 1050 Franklin Avenue Garden City, NY 11530 | Full Service B&M | $217,702 |
| The First National Bank of Long Island | 106 Old Country Road Hicksville, NY 11801 | Full Service B&M | $42,709 |
| The First National Bank of Long Island | 108 Forest Avenue Locust Valley, NY 11560 | Full Service B&M | $193,099 |
| The First National Bank of Long Island | 127 East Merrick Road Valley Stream, NY 11580 | Full Service B&M | $66,547 |
| The First National Bank of Long Island | 130 Mineola Avenue Roslyn Heights, NY 11577 | Full Service B&M | $202,864 |
| The First National Bank of Long Island | 1301 Broadway Hewlett, NY 11557 | Full Service B&M | $52,907 |
| The First National Bank of Long Island | 132-11a 14th College Point, NY 11356 | Full Service B&M | $32,983 |
| The First National Bank of Long Island | 140 East Main Street Riverhead, NY 11901 | Full Service B&M | $20,292 |
| The First National Bank of Long Island | 147 Main Street Cold Spring Harbor, NY 11724 | Full Service B&M | $26,849 |
| The First National Bank of Long Island | 151 West Main Street East Islip, NY 11730 | Full Service B&M | $40,280 |
| The First National Bank of Long Island | 159-14 Cross Bay Boulevard Howard Beach, NY 11414 | Full Service B&M | $25,821 |
| The First National Bank of Long Island | 1810 Merrick Avenue Merrick, NY 11566 | Full Service B&M | $111,196 |
| The First National Bank of Long Island | 19-01 Utopia Parkway Whitestone, NY 11357 | Full Service B&M | $44,055 |
| The First National Bank of Long Island | 1975 Hempstead Turnpike, Suite 103 East Meadow, NY 11554 | Full Service B&M | $72,907 |
| The First National Bank of Long Island | 215 West Main Street Sayville, NY 11782 | Full Service B&M | $36,837 |
| The First National Bank of Long Island | 227 Smith Street Brooklyn, NY 11231 | Full Service B&M | $8,618 |
| The First National Bank of Long Island | 23-25 31st St. Astoria, NY 11105 | Full Service B&M | $9,341 |
| The First National Bank of Long Island | 23-88a Bell Boulevard, 24th Avenue, The Bay Terrace Shopping C. Bayside, NY 11360 | Full Service B&M | $15,998 |
| The First National Bank of Long Island | 232 Madison Avenue New York, NY 10016 | Full Service B&M | $65,153 |
| The First National Bank of Long Island | 234 Main St, Rte 25a Setauket, NY 11733 | Full Service B&M | $12,378 |
| The First National Bank of Long Island | 253 New York Avenue Huntington, NY 11743 | Full Service B&M | $207,759 |
| The First National Bank of Long Island | 254-57 Horace Harding Expressway Little Neck, NY 11362 | Full Service B&M | $20,199 |
| The First National Bank of Long Island | 282 Bayville Ave Bayville, NY 11709 | Full Service B&M | $61,041 |
| The First National Bank of Long Island | 285 Middle Country Road Smithtown, NY 11787 | Full Service B&M | $29,494 |
| The First National Bank of Long Island | 2933 Long Beach Road Oceanside, NY 11572 | Full Service B&M | $38,077 |
| The First National Bank of Long Island | 299 Sea Cliff Ave Sea Cliff, NY 11579 | Full Service B&M | $45,169 |
| The First National Bank of Long Island | 30 Orville Drive Bohemia, NY 11716 | Full Service B&M | $104,137 |
| The First National Bank of Long Island | 3000 Marcus Avenue Lake Success, NY 11020 | Full Service B&M | $189,480 |
| The First National Bank of Long Island | 310 Merrick Road Rockville Centre, NY 11570 | Full Service B&M | $40,589 |
| The First National Bank of Long Island | 330 Motor Pkwy, Ste 100 Hauppauge, NY 11788 | Full Service B&M | $122,135 |
| The First National Bank of Long Island | 392 East Main Street Patchogue, NY 11772 | Full Service B&M | $56,050 |
| The First National Bank of Long Island | 408 Bedford Avenue Bellmore, NY 11710 | Full Service B&M | $48,538 |
| The First National Bank of Long Island | 42 Deer Park Avenue Babylon, NY 11702 | Full Service B&M | $58,030 |
| The First National Bank of Long Island | 5225 Nesconset Highway, Bldg 4, Suite 21, Davis Professional Park Port Jefferson Station, NY 11776 | Full Service B&M | $47,555 |
| The First National Bank of Long Island | 536 Northern Boulevard Great Neck, NY 11021 | Full Service B&M | $72,014 |
| The First National Bank of Long Island | 555 Broad Hollow Road Melville, NY 11747 | Full Service B&M | $68,637 |
| The First National Bank of Long Island | 559 86th Street Brooklyn, NY 11209 | Full Service B&M | $3,975 |
| The First National Bank of Long Island | 572 Plandome Rd Manhasset, NY 11030 | Full Service B&M | $54,611 |
| The First National Bank of Long Island | 574 Broadway Massapequa, NY 11758 | Full Service B&M | $77,937 |
| The First National Bank of Long Island | 7 Glen Cove Road Greenvale, NY 11548 | Full Service B&M | $55,835 |
| The First National Bank of Long Island | 711 Fort Salonga Road Northport, NY 11768 | Full Service B&M | $121,591 |
| The First National Bank of Long Island | 76 Broadway Greenlawn, NY 11740 | Full Service B&M | $23,448 |
| The First National Bank of Long Island | 800 Woodbury Road Woodbury, NY 11797 | Full Service B&M | $131,879 |
| The First National Bank of Long Island | 9202 4th Avenue Brooklyn, NY 11209 | Full Service B&M | $40,516 |
For 2021, The First National Bank Of Long Island had 47 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $122,959 |
| Net interest income | $106,804 |
| Total noninterest income | $11,470 |
| Gross Fiduciary activities income | $1,058 |
| Service charges on deposit accounts | $2,925 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $7,487 |
| Pre-tax net operating income | $54,233 |
| Securities gains (or losses, -) | $1,104 |
| Income before extraordinary items | $45,208 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $45,208 |
| Minority interest net income | $7 |
| Net income | $45,201 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $44,302 |
The First National Bank Of Long Island's gross interest income from loans was $122,959,000.
The First National Bank Of Long Island's net interest income from loans was $106,804,000.
The First National Bank Of Long Island's fee based income from loans was $2,925,000.
The First National Bank Of Long Island's net income from loans was $45,201,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $16,155 |
| Provision for credit losses | $-2,491 |
| Total noninterest expense | $66,532 |
| Salaries and employee benefits | $38,388 |
| Premises and equipment expense | $15,227 |
| Additional noninterest expense | $12,917 |
| Applicable income taxes | $10,129 |
| Net charge-offs | $633 |
| Cash dividends | $33,200 |
The First National Bank Of Long Island's interest expense for loans was $16,155,000.
The First National Bank Of Long Island's payroll and benefits expense were $38,388,000.
The First National Bank Of Long Island's property, plant and equipment expenses $15,227,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $3,315,546 |
| Deposits held in domestic offices | $3,315,546 |
| Deposits by Individuals, partnerships, and corporations | $2,757,268 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $558,278 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $742,134 |
| Demand deposits | $662,673 |
| Nontransaction accounts | $2,573,412 |
| Money market deposit accounts (MMDAs) | $1,136,670 |
| Other savings deposits (excluding MMDAs) | $1,207,905 |
| Total time deposits | $228,837 |
| Total time and savings deposits | $2,652,873 |
| Noninterest-bearing deposits | $1,400,999 |
| Interest-bearing deposits | $1,914,548 |
| Retail deposits | $3,263,709 |
| IRAs and Keogh plan accounts | $69,070 |
| Brokered deposits | $38 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $4,067,190 |
| Cash & Balances due from depository institutions | $42,989 |
| Interest-bearing balances | $30,455 |
| Total securities | $734,318 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $3,075,205 |
| Loan and leases loss allowance | $29,831 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $45,961 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $220 |
| All other assets | $168,497 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $4,067,190 |
| Total Liabilities | $3,653,621 |
| Total deposits | $3,315,546 |
| Interest-bearing deposits | $1,914,548 |
| Deposits held in domestic offices | $3,315,546 |
| % insured (estimated) | $41 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $311,322 |
| Subordinated debt | $0 |
| All other liabilities | $26,753 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $3,075,205 |
| Loan and leases loss allowance | $29,831 |
| Total loans and leases (domestic) | $3,105,036 |
| All real estate loans | $2,982,709 |
| Real estate loans in domestic offices | $2,982,709 |
| Construction and development loans | $8,061 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $8,061 |
| Loans secured by nonfarm nonresidential properties | $863,928 |
| Nonfarm nonresidential secured by owner-occupied properties | $171,117 |
| Commercial real estate & other non-farm, non-residential | $692,811 |
| Multifamily residential real estate | $864,207 |
| 1-4 family residential loans | $1,246,513 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $120,920 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $861 |
| Credit card loans | $298 |
| Related Plans | $293 |
| Consumer Auto Loans | $4 |
| Other loans to individuals | $266 |
| All other loans & leases | $546 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $130 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $554 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
The First National Bank of Long Island had $3,075,205,000 of loans outstanding in 2021. $2,982,709,000 of loans were in real estate loans. $8,061,000 of loans were in development loans. $864,207,000 of loans were in multifamily mortgage loans. $1,246,513,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $298,000 of loans were in credit card loans. $4,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 135 | $63,087 | $467,311 |
| Nonfarm, nonresidential loans - $100-250k | 6 | $704 | $117,333 |
| Nonfarm, nonresidential loans - $250k-1MM | 129 | $62,383 | $483,589 |
| Commercial & Industrial, US addressed loans - <$1MM | 652 | $55,929 | $85,781 |
| Commercial & Industrial, US addressed loans - <$100k | 373 | $6,478 | $17,367 |
| Commercial & Industrial, US addressed loans - $100-250k | 186 | $20,241 | $108,823 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 93 | $29,210 | $314,086 |