The First National Bank Of Long Island Mortgage Rates, Fees & Info

Glen Head, NY

LEI: WO4YNEKNSZNVVA7Q7C46

Tax ID: 11-0804410

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.34% 4/14/24
    30 Year Conventional Refi 6.21% 4/14/24
    30 Year Cash-out Refi 6.23% 4/14/24
    15 Year Conventional Purchase 5.91% 4/14/24
    15 Year Conventional Refi 5.56% 4/14/24
    15 Year Cash-out Refi 5.56% 4/14/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The First National Bank Of Long Island. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    284

    Origination Dollar Volume (All Markets)

    $389,350,000

    Employee count

    318

    Awards

    The First National Bank of Long Island 30 Year Conventional Loans bronze The First National Bank of Long Island 30 Year Conventional Loans gold
    Show all (2) awards

    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%
    The First National Bank Of Long Island's top markets include New York, Atlantic City, Bridgeport, and Trenton among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • 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.

    N C P D Federal Credit Union
    Similarity Rank: 102
    Schuyler Savings Bank
    Similarity Rank: 352
    SIKORSKY FINANCIAL
    Similarity Rank: 384
    MUTUAL SECURITY CREDIT UNION
    Similarity Rank: 592
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652
    Newtown Savings Bank
    Similarity Rank: 700
    Thomaston Savings Bank
    Similarity Rank: 705
    The First National Bank of Long Island
    Similarity Rank: 748
    The Atlantic Federal Credit Union
    Similarity Rank: 882
    Fairfield County Bank
    Similarity Rank: 960

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 161 $270,795,000 $1,681,957 $5,025 2.94%
    Home Purchase 73 $71,965,000 $985,822 $4,556 2.94%
    Refi 50 $46,590,000 $931,800 $5,380 2.92%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 203 $162,255,000 $799,286 $4,912 2.90%
    10 Year 52 $190,420,000 $3,661,923 $9,991 3.13%
    20 Year 18 $8,350,000 $463,889 $4,642 2.79%
    15 Year 7 $5,105,000 $729,286 $5,346 2.68%
    5 Year 2 $9,260,000 $4,630,000 $0 3.19%
    Other 2 $13,960,000 $6,980,000 $0 3.50%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 104 $280,670,000 $2,698,750 $6,187 3.02%
    $600k-1MM 96 $75,440,000 $785,833 $4,948 2.88%
    $400k-600k 46 $23,360,000 $507,826 $4,649 2.88%
    $200k-400k 27 $8,065,000 $298,704 $3,676 2.90%
    $100k-200k 11 $1,815,000 $165,000 $3,360 2.89%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 132 $126,060,000 $955,000 $5,425 2.87%
    $150k-250k 66 $41,280,000 $625,455 $4,512 2.89%
    $100k-150k 24 $8,440,000 $351,667 $4,037 2.88%
    $50k-75k 4 $850,000 $212,500 $3,141 2.88%
    $75k-100k 3 $1,105,000 $368,333 $3,282 2.88%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $68,775,000 $790,517 $5,127 2.87%
    30-36% 38 $29,760,000 $783,158 $5,142 2.89%
    <20% 38 $30,580,000 $804,737 $4,825 2.88%
    41% 14 $9,420,000 $672,857 $4,606 2.94%
    40% 11 $7,835,000 $712,273 $4,650 2.92%
    37% 11 $7,005,000 $636,818 $4,326 2.89%
    38% 10 $7,640,000 $764,000 $4,702 2.92%
    39% 9 $8,035,000 $892,778 $5,481 2.85%
    36% 9 $7,015,000 $779,444 $4,241 2.78%
    44% 1 $555,000 $555,000 $5,532 2.88%
    >60% 1 $1,115,000 $1,115,000 $5,207 3.13%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 55 $211,615,000 $3,847,545 $0 3.16%
    White 171 $132,735,000 $776,228 $4,922 2.88%
    Not provided 42 $32,240,000 $767,619 $5,209 2.88%
    Asian 13 $9,975,000 $767,308 $4,524 2.90%
    Asian Indian 3 $2,785,000 $928,333 $4,676 2.92%

    Approval Rates

    Total approvals of all applications
    86.70%

    The First National Bank Of Long Island has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.62%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    284 $389,350,000 $1,370,951

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $16,940,000 $705,833 $4,758 2.92%
    40-60% 87 $116,585,000 $1,340,057 $4,897 2.87%
    60-80% 149 $239,605,000 $1,608,087 $5,073 2.98%
    80-100% 17 $13,415,000 $789,118 $4,800 2.91%
    Under 20% 7 $2,805,000 $400,714 $4,222 2.96%

    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