04/30/2025 - 05:00 PM

2025年4月30日- 下午 5:00

MELVILLE, N.Y., April 30, 2025 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC, the “Company” or the “Corporation”), the parent of The First National Bank of Long Island (the “Bank”), reportedearningsfor thethreemonths ended March 31, 2025.

紐約梅爾維爾，2025年4月30日（GLOBE NEWSWIRE）-- 第一長島公司（Nasdaq: FLIC，以下簡稱 “公司” 或 “法人”），第一國家銀行的母公司（以下簡稱 “銀行”），報告截至2025年3月31日的三個月的收益。

Analysis of Earnings– FirstQuarter 2025 Versus Linked Quarter

收益分析– 2025 年第一季度與上一季度對比

Net income for the firstquarter of 2025 increased$512,000 compared to the fourthquarter of 2024. The increase in net income was primarily due toa $795,000 increase in net interest income largely due to an eightbasis point improvement in the net interest margin, and a decrease in noninterest expense of $1.5 million primarily due to branch consolidation expenses of $1.4 million and vesting of equity awardsduring the fourth quarter of 2024 offset by pending merger related system conversion expenses of $468,000 and debit card chargeoffs of $243,000 during the first quarter of 2025. These were partially offset by a provision for credit losses of $168,000 as compared to a provision reversal for credit losses of $381,000 in the fourth quarter, a decrease in noninterest income of $503,000 primarily due to $233,000 of back-to-back swap fees and $225,000 of bank-owned life insurance ("BOLI") benefit payments earned in the fourth quarter, and an increase in income tax expense of $761,000 substantially due to a decrease in the percentage of pre-tax income derived from the Bank's real estate investment trust, increasing the state and local income tax due.

2025 年第一季度的淨收入較 2024 年第四季度增加了 512,000 美元。淨收入的增加主要是由於淨利息收入增加了 795,000 美元，這主要得益於淨利息差改善了 8 個基點，以及非利息支出減少了 150 萬美元，主要是由於分支機構整合費用為 140 萬美元和 2024 年第四季度股權獎勵的歸屬，抵消了 2025 年第一季度與待合併相關的系統轉換費用 468,000 美元和借記卡壞賬 243,000 美元。這些部分被 168,000 美元的信用損失準備金所抵消，而 2024 年第四季度則是 381,000 美元的信用損失準備金的逆轉，非利息收入減少了 503,000 美元，主要是由於 2024 年第四季度的 233,000 美元的掉期費用和 225,000 美元的銀行擁有的壽險（“BOLI”）收益支付，以及 761,000 美元的所得税費用的增加，主要是由於來自銀行房地產投資信託的税前收入比例下降，導致州和地方所得税增加。

Analysis of Earnings - First Quarter 2025 Versus First Quarter of 2024

收益分析 - 2025 年第一季度與 2024 年第一季度對比

Net income and earnings per share ("EPS") for the quarterendedMarch 31, 2025were $3.8million and $0.17, respectively, as compared to$4.4million and $0.20, respectively, for the comparable quarter in2024. The principal drivers of the change in net incomewere an increase in net interest income of $661,000, or 3.6%, which was more than offset by an increase in theprovision for credit losses of$168,000,an increasein noninterest expense of $922,000,and anincreasein income tax expense of $193,000. The quarter produced a return on average assets ("ROA") of 0.37%, return on average equity ("ROE") of 3.98%, and a net interest margin of 1.91%.

截至2025年3月31日的季度淨收入和每股收益（“EPS”）分別為 380 萬美元和 0.17 美元，而 2024 年同期則為 440 萬美元和 0.20 美元。淨收入變化的主要驅動因素是淨利息收入增加了 661,000 美元，或 3.6%，但被 168,000 美元的信用損失準備金增加、922,000 美元的非利息支出增加和 193,000 美元的所得税費用增加所抵消。該季度的平均資產回報率（“ROA”）為 0.37%，平均股本回報率（“ROE”）為 3.98%，淨利息差為 1.91%。

Net interest income increasedwhen comparing the first quartersof 2025and 2024primarily due to a decreasein interest expense of $2.0million whichwas partially offset by a $1.4million decreasein interest income. The decrease in interest expense was a combination of a 16 basis points decrease in the cost of interest-bearing liabilities and a decrease in average interest-bearing liabilities of $92.9 million.The decrease in interest income resulted from interest-earning assets decreasing by $156.6 million offset by the yield on interest-earning assets increasing twobasis points.

2025 年和 2024 年第一季度相比，淨利息收入的增加主要是由於利息支出減少了 200 萬美元，部分抵消了 140 萬美元的利息收入減少。利息支出的減少是由於利息負債成本下降了 16 個基點，以及平均利息負債減少了 9290 萬美元。利息收入的減少是由於利息收益資產減少了 1.566 億美元，部分抵消了利息收益資產收益率增加了兩個基點。

In the first quarter of2025, the Bank recorded a provision for credit losses of $168,000. The Bank did not record aprovision in the first quarter of 2024.The allowance for credit losses remained relatively flatwhen compared to year-end 2024 largely due to declines in historical loss rates and loan balances which were offset by an increase due to deterioration in current and forecasted economic conditions, including adjustments for economic uncertainty. The reserve coverage ratio ticked up one basis point to0.89%of total loans at March 31, 2025as compared to0.88%at December 31, 2024.Past due loans and nonaccrual loans were at $7.5million and $3.5million, respectively, on March 31, 2025. Overall, the credit quality of the loan and investment portfolios remains strong.

在 2025 年第一季度，銀行記錄了 168,000 美元的信用損失準備金。2024 年第一季度銀行沒有記錄準備金。與 2024 年年末相比，信用損失準備金保持相對平穩，主要是由於歷史損失率和貸款餘額的下降，抵消了由於當前和預測經濟狀況惡化而增加的準備金，包括對經濟不確定性的調整。到2025年3月31日，準備金覆蓋率上升了一個基點，達到總貸款的 0.89%，而2024年12月31日為 0.88%。截至2025年3月31日，逾期貸款和不計息貸款分別為 750 萬美元和 350 萬美元。總體而言，貸款和投資組合的信用質量仍然強勁。

Noninterest income decreased$57,000, or 2.1%, when comparing the firstquartersof 2025and 2024mainly due to 2024 nonrecurring items of$114,000 in real estate tax refunds, $60,000 in BOLI benefit payments, $50,000 in joint marketing fees and an additional one-time service charge cycle related to the Bank's core system conversion,which were partially offset by increases of $96,000 in merchant card service fees and $72,000 in BOLI accretion.

與 2025 年和 2024 年第一季度相比，非利息收入減少了 57,000 美元，或 2.1%，主要是由於 2024 年的非經常性項目，包括 114,000 美元的房地產税退款、60,000 美元的 BOLI 收益支付、50,000 美元的聯合營銷費用以及與銀行核心系統轉換相關的額外一次性服務費，這些部分被商户卡服務費增加 96,000 美元和 BOLI 增值 72,000 美元所抵消。

Noninterest expense increased $922,000, or 5.7%, for the first quarterof 2025, as compared to the first quarterof2024. The change in noninterest expense is mainly attributable to the current year's expenses related to the pending merger. Noninterest expense increaseddue to merger expenses of $230,000,merger related system conversion expenses of $468,000,debit card chargeoffs of $243,000and higher legal fees, partially offset by a 2.6%year-over-year decrease in salaries and employee benefits. The decrease in salaries and employee benefitswas due to a decrease in full time equivalent employees, primarily the result of branch closings in 2024.

與 2024 年第一季度相比，2025 年第一季度的非利息支出增加了 922,000 美元，或 5.7%。非利息支出變化主要歸因於本年度與待合併相關的費用。非利息支出因合併費用增加了 230,000 美元、合併相關係統轉換費用增加了 468,000 美元、借記卡壞賬 243,000 美元和更高的法律費用而增加，部分被薪資和員工福利同比減少 2.6% 所抵消。薪資和員工福利的減少主要是由於 2024 年分支機構關閉導致的全職員工減少。

Income tax expense increased$193,000due to an increase in the effective tax rate from6.2%in the first quarter of 2024 to 11.5%in the current quarter.The increase in the effective tax rate is mainly due to the same reasons discussed above with respect to the linked quarter changes.

所得税費用增加了 193,000 美元，主要是由於有效税率從 2024 年第一季度的 6.2% 上升到當前季度的 11.5%。有效税率的增加主要是由於與上一季度變化相關的相同原因。

Liquidity

流動性

Total average deposits declinedby$51.9million when comparing thefirst quarters of2025and2024. There were no overnight advances on March 31, 2025or December 31, 2024.On March 31, 2025,other borrowings were down by$75.0million from year-end 2024.At March 31, 2025, the Bank had $653.3million in collateralized borrowing lines with the Federal Home Loan Bank of New York and the Federal Reserve Bank, a$20.0million unsecured line of credit with a correspondent bank and$204.8million in unencumberedsecurities. In total,$878.1million in liquidity was available on March 31, 2025. Uninsureddeposits were 49.5%of total deposits at March 31, 2025.

與 2025 年和 2024 年第一季度相比，總平均存款減少了 5190 萬美元。2025年3月31日和2024年12月31日沒有過夜借款。到2025年3月31日，其他借款較 2024 年年末減少了 7500 萬美元。到2025年3月31日，銀行在紐約聯邦住房貸款銀行和美聯儲銀行擁有 6.533 億美元的抵押借款額度、與一家對應銀行的 2000 萬美元無擔保信用額度和 2.048 億美元的無擔保證券。到2025年3月31日，總共可用流動性為 8.781 億美元。到2025年3月31日，無保險存款佔總存款的 49.5%。

Capital

資本

The Corporation’s capital position remains strong with a leverage ratio of approximately 10.29%on March 31, 2025. Book value per share was $16.91on March 31, 2025, versus $16.77on December 31, 2024. The Company declared its quarterly cash dividend of $0.21per share during the quarter. There were no share repurchases during the quarter.

截至2025年3月31日，公司的資本狀況仍然強勁，槓桿比率約為 10.29%。每股賬面價值為 16.91 美元，而2024年12月31日為 16.77 美元。公司在本季度宣佈每股現金分紅 0.21 美元。本季度沒有進行股票回購。

Forward Looking Information

前瞻性信息

This earnings release contains various “forward-looking statements” within the meaning of that term as set forth in Rule 175 of the Securities Act of 1933 and Rule 3b-6 of the Securities Exchange Act of 1934. Such statements are generally contained in sentences including the words “may” or “expect” or “could” or “should” or “would” or “believe” or “anticipate”. The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. Factors that could cause future results to vary from current management expectations include, but are not limited to, changing economic conditions; legislative and regulatory changes; changes in domestic or international governmental policies, including the imposition of tariffs; monetary and fiscal policies of the federal government; changes in interest rates; deposit flows and the cost of funds; demand for loan products; competition; changes in management’s business strategies; changes in accounting principles, policies or guidelines; changes in real estate values; and other factors discussed in the “risk factors” section of the Corporation’s filings with the Securities and Exchange Commission (“SEC”). The forward-looking statements are made as of the date of this press release, and the Corporation assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

本財報發佈包含了根據 1933 年證券法第 175 條和 1934 年證券交易法第 3b-6 條的定義的各種 “前瞻性聲明”。這些聲明通常包含 “可能”、“預期”、“能夠”、“應該”、“會”、“相信” 或 “預計” 等詞語。公司提醒，前瞻性聲明受到眾多假設、風險和不確定性的影響，這些因素可能導致實際結果與前瞻性聲明中所設想的結果存在重大差異。可能導致未來結果與當前管理預期不符的因素包括但不限於：經濟條件變化；立法和監管變化；國內或國際政府政策變化，包括關税的實施；聯邦政府的貨幣和財政政策；利率變化；存款流動和資金成本；貸款產品需求；競爭；管理業務戰略變化；會計原則、政策或指南的變化；房地產價值變化；以及在公司向證券交易委員會（“SEC”）提交的文件的 “風險因素” 部分討論的其他因素。前瞻性聲明是在本新聞稿發佈之日作出的，公司不承擔更新前瞻性聲明或更新實際結果可能與前瞻性聲明中預測的結果不同的原因的義務。

For more detailed financial information please see the Corporation’s quarterly report on Form 10-Q for the quarter ended March 31, 2025. The Form 10-Q will be available through the Bank’s website at www.fnbli.com on or about May 1, 2025, when it is anticipated to be electronically filed with the SEC. Our SEC filings are also available on the SEC’s website at www.sec.gov.

有關更詳細的財務信息，請參見公司截至2025年3月31日的 10-Q 季度報告。該 10-Q 表格預計將於2025年5月1日左右在銀行網站 www.fnbli.com 上發佈，並將以電子方式提交給 SEC。我們的 SEC 文件也可以在 SEC 網站 www.sec.gov 上獲取。



CONSOLIDATED BALANCE SHEETS (Unaudited)

	3/31/2025			12/31/2024
	(dollars in thousands)
Assets:
Cash and cash equivalents	$	67,555			$	38,330
Investment securities available-for-sale, at fair value		615,350				624,779

Loans:
Commercial and industrial		134,095				136,732
Secured by real estate:
Commercial mortgages		1,929,881				1,963,107
Residential mortgages		1,065,380				1,084,090
Home equity lines		33,452				36,468
Consumer and other		1,126				1,210
		3,163,934				3,221,607
Allowance for credit losses		(28,308	)			(28,331	)
		3,135,626				3,193,276

Restricted stock, at cost		24,329				27,712
Bank premises and equipment, net		28,411				29,135
Right-of-use asset - operating leases		18,358				18,951
Bank-owned life insurance		117,471				117,075
Pension plan assets, net		11,693				11,806
Deferred income tax benefit		35,022				36,192
Other assets		22,491				22,080
	$	4,076,306			$	4,119,336
Liabilities:
Deposits:
Checking	$	1,072,766			$	1,074,671
Savings, NOW and money market		1,587,030				1,574,160
Time		635,789				616,027
		3,295,585				3,264,858

Overnight advances		—				—
Other borrowings		360,000				435,000
Operating lease liability		20,348				21,964
Accrued expenses and other liabilities		17,533				18,648
		3,693,466				3,740,470
Stockholders' Equity:
Common stock, par value $0.10 per share:
Authorized, 80,000,000 shares;
Issued and outstanding, 22,635,724 and 22,595,349 shares		2,264				2,260
Surplus		79,866				79,731
Retained earnings		353,043				354,051
		435,173				436,042
Accumulated other comprehensive loss, net of tax		(52,333	)			(57,176	)
		382,840				378,866
	$	4,076,306			$	4,119,336



合併資產負債表
（未經審計）
	2025年3月31日			2024年12月31日
	(單位：千美元)
資產：
現金及現金等價物	$	67,555			$	38,330
可供出售投資證券，按公允價值計		615,350				624,779

貸款：
商業和工業貸款		134,095				136,732
以房地產為擔保：
商業抵押貸款		1,929,881				1,963,107
住宅抵押貸款		1,065,380				1,084,090
房屋淨值信貸額度		33,452				36,468
消費貸款及其他		1,126				1,210
		3,163,934				3,221,607
信貸損失準備金		(28,308	)			(28,331	)
		3,135,626				3,193,276

限制性股票，按成本計		24,329				27,712
銀行房產及設備，淨額		28,411				29,135
使用權資產 - 租賃		18,358				18,951
銀行擁有的壽險		117,471				117,075
養老金計劃資產，淨額		11,693				11,806
遞延所得税收益		35,022				36,192
其他資產		22,491				22,080
	$	4,076,306			$	4,119,336
負債：
存款：
支票存款	$	1,072,766			$	1,074,671
儲蓄、NOW 和貨幣市場		1,587,030				1,574,160
定期存款		635,789				616,027
		3,295,585				3,264,858

隔夜貸款		—				—
其他借款		360,000				435,000
租賃負債		20,348				21,964
應計費用及其他負債		17,533				18,648
		3,693,466				3,740,470
股東權益：
普通股，面值每股$0.10：
授權，80,000,000 股；
已發行和流通，22,635,724 和 22,595,349 股		2,264				2,260
盈餘公積		79,866				79,731
留存收益		353,043				354,051
		435,173				436,042
累計其他綜合損失，税後		(52,333	)			(57,176	)
		382,840				378,866
	$	4,076,306			$	4,119,336



CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

	Three Months Ended
	3/31/2025			3/31/2024
	(dollars in thousands)
Interest and dividend income:
Loans	$	33,785			$	33,543
Investment securities:
Taxable		5,374				6,993
Nontaxable		956				960
		40,115				41,496
Interest expense:
Savings, NOW and money market deposits		10,318				10,083
Time deposits		6,403				6,977
Overnight advances		71				263
Other borrowings		4,501				6,012
		21,293				23,335
Net interest income		18,822				18,161
Provision for credit losses		168				—
Net interest income after provision for credit losses		18,654				18,161

Noninterest income:
Bank-owned life insurance		912				840
Service charges on deposit accounts		829				880
Net loss on sales of securities		—				—
Other		976				1,054
		2,717				2,774
Noninterest expense:
Salaries and employee benefits		9,711				9,974
Occupancy and equipment		3,233				3,214
Merger expenses		230				—
Other		3,954				3,018
		17,128				16,206
Income before income taxes		4,243				4,729
Income tax expense		487				294
Net income	$	3,756			$	4,435

Share and Per Share Data:
Weighted Average Common Shares		22,625,117				22,520,568
Dilutive restricted stock units		86,270				73,827
Dilutive weighted average common shares		22,711,387				22,594,395

Basic EPS	$	0.17			$	0.20
Diluted EPS		0.17				0.20
Cash Dividends Declared per share		0.21				0.21

FINANCIAL RATIOS
(Unaudited)
ROA		0.37	%			0.42	%
ROE		3.98				4.72
Net Interest Margin		1.91				1.79



合併收入報表
（未經審計）

	截至三個月
	2025年3月31日			2024年3月31日
	(單位：千美元)
利息和股息收入：
貸款	$	33,785			$	33,543
投資證券：
應税		5,374				6,993
非應税		956				960
		40,115				41,496
利息支出：
儲蓄、NOW 和貨幣市場存款		10,318				10,083
定期存款		6,403				6,977
隔夜貸款		71				263
其他借款		4,501				6,012
		21,293				23,335
淨利息收入		18,822				18,161
信貸損失準備		168				—
扣除信貸損失準備後的淨利息收入		18,654				18,161

非利息收入：
銀行擁有的壽險		912				840
存款賬户服務費		829				880
證券銷售淨損失		—				—
其他		976				1,054
		2,717				2,774
非利息支出：
薪資和員工福利		9,711				9,974
房屋和設備		3,233				3,214
合併費用		230				—
其他		3,954				3,018
		17,128				16,206
税前收入		4,243				4,729
所得税費用		487				294
淨收入	$	3,756			$	4,435

每股數據：
加權平均普通股		22,625,117				22,520,568
稀釋性限制性股票單位		86,270				73,827
稀釋後的加權平均普通股		22,711,387				22,594,395

基本每股收益	$	0.17			$	0.20
稀釋每股收益		0.17				0.20
每股現金分紅		0.21				0.21

財務比率
（未經審計）
資產回報率		0.37	%			0.42	%
股東權益回報率		3.98				4.72
淨利息差		1.91				1.79



PROBLEM AND POTENTIAL PROBLEM LOANS AND ASSETS (Unaudited)

	3/31/2025			12/31/2024
	(dollars in thousands)
Loans including modifications to borrowers experiencing financial difficulty:
Modified and performing according to their modified terms	$	419			$	421
Past due 30 through 89 days		7,452				270
Past due 90 days or more and still accruing		—				—
Nonaccrual		3,510				3,229
		11,381				3,920
Other real estate owned		—				—
	$	11,381			$	3,920

Allowance for credit losses	$	28,308			$	28,331
Allowance for credit losses as a percentage of total loans		0.89	%			0.88	%
Allowance for credit losses as a multiple of nonaccrual loans		8.1	x			8.8	x



問題及潛在問題貸款和資產
（未經審計）

	2025年3月31日			2024年12月31日
	(單位：千美元)
包括對經歷財務困難的借款人進行修改的貸款：
根據修改條款修改並正常履行的貸款	$	419			$	421
逾期 30 至 89 天		7,452				270
逾期 90 天或更長時間且仍在計息		—				—
不計息		3,510				3,229
		11,381				3,920
其他房地產		—				—
	$	11,381			$	3,920

信貸損失準備金	$	28,308			$	28,331
信貸損失準備金佔總貸款的百分比		0.89	%			0.88	%
信貸損失準備金與不計息貸款的倍數		8.1	x			8.8	x



AVERAGE BALANCE SHEET, INTEREST RATES AND INTEREST DIFFERENTIAL (Unaudited)

	Three Months Ended March 31,
	2025			2024
	Average			Interest/		Average		Average		Interest/		Average
(dollars in thousands)	Balance			Dividends		Rate		Balance		Dividends		Rate
Assets:
Interest-earning bank balances	$	28,537			$	313	4.45	%	$	55,117			$	751	5.48	%
Investment securities:
Taxable (1)		568,162				5,061	3.56			638,857				6,242	3.91
Nontaxable (1) (2)		151,745				1,210	3.19			153,417				1,215	3.17
Loans (1)		3,185,771				33,785	4.24			3,243,445				33,543	4.14
Total interest-earning assets		3,934,215				40,369	4.10			4,090,836				41,751	4.08
Allowance for credit losses		(28,399	)							(28,947	)
Net interest-earning assets		3,905,816								4,061,889
Cash and due from banks		28,197								31,703
Premises and equipment, net		28,912								31,257
Other assets		130,528								120,884
	$	4,093,453							$	4,245,733
Liabilities and Stockholders' Equity:
Savings, NOW & money market deposits	$	1,572,109				10,318	2.66		$	1,534,081				10,083	2.64
Time deposits		612,730				6,403	4.24			643,854				6,977	4.36
Total interest-bearing deposits		2,184,839				16,721	3.10			2,177,935				17,060	3.15
Overnight advances		6,322				71	4.55			18,846				263	5.61
Other borrowings		416,944				4,501	4.38			504,258				6,012	4.80
Total interest-bearing liabilities		2,608,105				21,293	3.31			2,701,039				23,335	3.47
Checking deposits		1,067,804								1,126,593
Other liabilities		35,260								40,014
		3,711,169								3,867,646
Stockholders' equity		382,284								378,087
	$	4,093,453							$	4,245,733

Net interest income (2)					$	19,076							$	18,416
Net interest spread (2)							0.79	%							0.61	%
Net interest margin (2)							1.91	%							1.79	%



平均資產負債表、利率和利差（未經審計）

	截至 3 月 31 日的三個月
	2025			2024
	平均			利息/		平均		平均		利息/		平均
(單位：千美元)	餘額			股息		利率		餘額		股息		利率
資產：
賺取利息的銀行餘額	$	28,537			$	313	4.45	%	$	55,117			$	751	5.48	%
投資證券：
應税 (1)		568,162				5,061	3.56			638,857				6,242	3.91
非應税 (1) (2)		151,745				1,210	3.19			153,417				1,215	3.17
貸款 (1)		3,185,771				33,785	4.24			3,243,445				33,543	4.14
總賺取利息的資產		3,934,215				40,369	4.10			4,090,836				41,751	4.08
信用損失準備金		(28,399	)							(28,947	)
淨賺取利息的資產		3,905,816								4,061,889
現金及銀行存款		28,197								31,703
房產及設備，淨額		28,912								31,257
其他資產		130,528								120,884
	$	4,093,453							$	4,245,733
負債和股東權益：
儲蓄、NOW 及貨幣市場存款	$	1,572,109				10,318	2.66		$	1,534,081				10,083	2.64
定期存款		612,730				6,403	4.24			643,854				6,977	4.36
總賺取利息的存款		2,184,839				16,721	3.10			2,177,935				17,060	3.15
隔夜貸款		6,322				71	4.55			18,846				263	5.61
其他借款		416,944				4,501	4.38			504,258				6,012	4.80
總賺取利息的負債		2,608,105				21,293	3.31			2,701,039				23,335	3.47
支票存款		1,067,804								1,126,593
其他負債		35,260								40,014
		3,711,169								3,867,646
股東權益		382,284								378,087
	$	4,093,453							$	4,245,733

淨利息收入 (2)					$	19,076							$	18,416
淨利差 (2)							0.79	%							0.61	%
淨利息收益率 (2)							1.91	%							1.79	%


(1)	The average balances of loans include nonaccrual loans. The average balances of investment securities exclude unrealized gains and losses on available-for-sale securities.
(2)	Tax-equivalent basis. Interest income on a tax-equivalent basis includes the additional amount of interest income that would have been earned if the Corporation's investment in tax-exempt investment securities had been made in investment securities subject to federal income taxes yielding the same after-tax income. The tax-equivalent amount of $1.00 of nontaxable income was $1.27 for each period presented using the statutory federal income tax rate of 21%.


(1)	貸款的平均餘額包括不計利息的貸款。投資證券的平均餘額不包括可供出售證券的未實現收益和損失。
(2)	税收等效基礎。税收等效基礎上的利息收入包括如果公司的税收免税投資證券投資是在產生相同税後收入的聯邦所得税的投資證券中進行的，所能獲得的額外利息收入。每個報告期內，$1.00 的非應税收入的税收等效金額為$1.27，使用的法定聯邦所得税率為 21%。

For More Information Contact:

如需更多信息，請聯繫：

Janet Verneuille, SEVP and CFO

Janet Verneuille, SEVP 和 CFO

(516) 671-4900, Ext. 7462

第一長島公司公佈 2025 年第一季度財報 | FLIC 股票新聞