First of Long Island Corp. (FLIC) 2008年年度报告「NASDAQ」.pdf

1、Defining the Future2008 Annual Report$1.78 Earnings per share grew by 17.9%or 27 cents per share18%Total assets grew$193 million or 18%to$1.26 billion$12,962,000Historical recordprofits of$12,962,000table of contentsPresidents message 2-3seLected financiaL data 4 board of directors&eXecUtiVe officer

2、s 5branch Locations 6-7branch eXPansion 8ProdUcts&serVices 9PersonaL serVice 10Looking ahead 11commUnity inVoLVement 12financiaLs 13-59officers&officiaL staff 60bUsiness adVisory board 6114%Cash dividends increased 14%,or 8 cents per share6%Deposits grew$51 million or 6%37%Commercial Mortgages grew$

3、54 million or 37%2Dear Shareholder,2008 was one of the most challenging years for banking and the financial services industry.Our philosophy of balanced and disciplined growth,coupled with sound credit underwriting,paid off during this tumultuous period.To date,we have only a handful of relatively s

4、mall delinquencies;our capital is above that of our peer group,and we have a strong liquidity position.We say it often within the Bank.we must remain measured and disciplined,yet I am sure our growth in footings and earnings has not escaped your attention.Presidents MessagemichaeL n.Vittorio,Preside

5、nt&chief executive officer3We feel our deposit growth was directly related to new branch openings,lending,and local market recognition of our institutions financial strength.During this same time period,we maintained a solid net interest margin of 4.12%,which again reflected our adherence to discipl

6、ined and measured growth.Earnings per share grew from$1.51 last year to$1.78 this year,representing an increase of$.27,or 17.9%.This performance did not go unnoticed.On October 27,2008,Newsday reported that our stock was up 10%in 2008,making it Long Islands best performing stock.For the full year 20