First of LI Q4 income rises to $4.7M
January 31, 2012 by Jackson Beirne · Leave a Comment
The First of Long Island Corp., the parent company of The First National Bank of Long Island, reported fourth quarter net income rose to $4.7 million from $4.1 million a year ago.
The Glen Head-based bank said the increase in fourth quarter net income includes a $921,000 increase in interest income and a $276,000 rise in noninterest income, before gains on the sales of securities. First of Long Island’s net income for the year also increased to$19.5 million from $18.4 million with net income, excluding the gains from each year, up $2 million or 11.6 percent. The bank’s gains on the sales of securities fell to $138,000 from $1.7 million last year.
First of Long Island said its annual income rose largely due to a $3.1 million increase in net interest income and a $427,000 reduction in income tax expenses. The
Living on One Income: How to Make it Work
June 24, 2011 by Annabelle Rowan · Leave a Comment
Even in the best of financial times, living on one income is a challenge. From necessities like food, shelter, clothing, medical bills, transportation, and taxes to “wants” like entertainment and leisure, the drains on a family’s financial resources are many. This is especially true in this American society built upon conspicuous consumption. Living frugally can seem impossible and unfair, especially when it seems that so many other people live wasteful lives. How does a family manage not only to survive, but to prosper with only one income?
What it Takes Families can flourish, even on a limited single-income budget. But doing so requires a rejection of current financial and commercial values in favor of more “old fashioned values.” Families need to stop trying to “keep up with the Jones” and instead determine what is truly valuable in their lives. Learni Read more…
Living on One Income: How to Make it Work
August 11, 2010 by Annabelle Rowan · Leave a Comment
Even in the best of financial times, living on one income is a challenge. From necessities like food, shelter, clothing, medical bills, transportation, and taxes to “wants” like entertainment and leisure, the drains on a family’s financial resources are many. This is especially true in this American society built upon conspicuous consumption. Living frugally can seem impossible and unfair, especially when it seems that so many other people live wasteful lives. How does a family manage not only to survive, but to prosper with only one income?
What it Takes Families can flourish, even on a limited single-income budget. But doing so requires a rejection of current financial and commercial values in favor of more “old fashioned values.” Families need to stop trying to “keep up with the Jones” and instead determine what is truly valuable in their lives. Learni Read more…