For More Information Contact:
Mark D. Curtis, Senior Vice President & Treasurer
(516) 671-4900 Ext. 556

Glen Head, New York, December 21, 2006 - The First of Long Island Corporation has announced a cash dividend of 55 cents per share to be paid February 6, 2007 to shareholders of record on January 9, 2007.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has ten full service offices and sixteen commercial banking offices in Nassau and Suffolk Counties, Long Island and Manhattan.

For more detailed financial information please see the Corporation’s Form 10-Q for the quarterly period ended September 30, 2006. The Form 10-Q will be available on or before November 9, 2006 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.com and clicking on “About Us”, then clicking on “SEC Filings”, and then clicking on “Corporate SEC Filings.”

Glen Head, New York, July 19, 2006 – The First of Long Island Corporation announced today that the Company’s Board of Directors has unanimously determined to renew the Company’s shareholder rights plan which is designed to ensure that all of the Company’s shareholders receive fair and equal treatment in the event of any proposal to acquire the Company. The Board declared a distribution of one Right for each share of common stock outstanding on August 1, 2006. The Company previously adopted a shareholder rights plan that will expire on July 31, 2006. Under the new plan, each Right entitles the holder to purchase a share of common stock of The First of Long Island Corporation at an initial exercise price of $150.00.

Initially, the Rights will be attached to the common stock and will not be exercisable. They become exercisable only following the acquisition by a person or group of 20% or more of the Company’s common stock or following the announcement of a tender offer or exchange offer to acquire an interest of 20% or more. In the event that the Rights become exercisable, each Right will entitle the holder to purchase, for the exercise price, common stock with a market value equal to twice the exercise price or, as an alternative, the Board may require that each outstanding Right be exchanged for one share of common stock. Should the Company be acquired, each Right would entitle the holder to purchase, for the exercise price, common stock of the acquiring company with a market value equal to twice the exercise price. Rights owned by the acquiring person would become void. In certain specified instances, the Rights may be redeemed by the Company. If not redeemed, they would expire on August 1, 2016.

“The Company currently has no shareholder with an interest of 20% or more, and we are not aware of any current attempt to take control of the Company,” said Michael Vittorio, President and Chief Executive Officer of The First of Long Island Corporation. “The Plan was renewed after extensive consideration by the full Board and is intended to protect the interests of our shareholders in the event of abusive or unfair take-over tactics. It is not designed to prevent the acquisition of the Company on terms beneficial to all shareholders.”

Details of the Rights Plan will be contained in a letter to be mailed to all shareholders.

This press 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 Act of 1934. Such statements are generally contained in sentences including the words “may” or “expect” or “could” or “should” or “would” or “believe”. The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements. In addition, the Corporation assumes no duty to update forward-looking statements.

Glen Head, June 21, 2006 – The First of Long Island Corporation has announced a cash dividend of 45 cents per share to be paid August 9, 2006 to shareholders of record on July 5, 2006.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has ten full service offices and fifteen commercial banking offices in Long Island and Manhattan.

For More Information Contact:
Mark D. Curtis, Senior Vice President & Treasurer
(516) 671-4900 ext. 556

      Glen Head, New York, May 10, 2006 – In the first quarter of 2006 the Corporation earned $.72 per share versus $.76 for the same quarter last year.  In addition to the negative interest rate environment, earnings are down principally because the first quarter of 2005 included several nonroutine items that on a net basis added six cents to earnings per share.  These items included, among others, a refund of real estate taxes previously paid, a reduction in taxes accrued with respect to the Bank’s investment subsidiary, and securities losses incurred as part of a securities loss program. 

      When compared to the same quarter last year, first quarter 2006 earnings were helped by loan growth.  Total loans grew by $55.2 million, or 15.8%, from $348.9 million at March 31, 2005 to $404.1 million at March 31, 2006.  The loan growth is attributable to management’s efforts to change the composition of the Bank’s earning assets so as to become more concentrated in loans and less concentrated in securities.  Loans now represent 41.7% of total assets versus 36.4% at March 31, 2005.  Most of the growth occurred in commercial mortgages which were up by $24.4 million, or 26.6%, home equity products which were up by $14.7 million, or 33.1%, and residential mortgages which were up by $11.4 million, or 7.7%.  Management believes that the credit quality of the Bank’s loan portfolio continues to be excellent.   Also contributing to first quarter 2006 earnings was an increase in yield on the Bank’s securities portfolio brought about by, among other things, the securities loss programs conducted in 2005.  Securities loss programs enhance future earnings in that they entail selling lower yielding securities at a loss and replacing them with higher yielding securities.

      The loan growth and enhanced yield on the securities portfolio helped to mitigate the negative impact of a flattening yield curve and a slowing of deposit growth.  The flattening yield curve resulted from a significant increase in short-term interest rates, which drove up the Bank’s cost of deposits, accompanied by lesser increases in intermediate and longer-term interest rates, which resulted in only limited opportunity for the Bank to reinvest cash flows from intermediate and longer-term loans and securities at higher yields.  The slowing of deposit growth occurred as competition in the Bank’s market areas increased and alternatives to bank deposit products became more attractive.

      The flat yield curve is continuing to exert pressure on the Bank’s net interest margin.  The Bank currently plans to continue growing loans in a measured and disciplined manner and is investing in people and infrastructure to accommodate these plans.  Management believes that commercial loan growth in particular, in addition to new branch openings, will be a key driver of future deposit and earnings growth.   

      In December of last year, the Bank opened a full service branch on the south shore of Long Island in the town of Merrick.  This brings the Bank’s full service branch count to ten and the overall number of branches to twenty-five.  Management currently plans to continue opening branches in key markets on Long Island and in Manhattan. 

     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 Act of 1934.  Such statements are generally contained in sentences including the words “may” or “expect” or “could” or “should” or “would” or “believe”.  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation’s Form 10-Q for the quarterly period ended March 31, 2006.  The Form 10-Q will be available on or before May 10, 2006 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.com and clicking on “About Us”, then clicking on “SEC Filings”, and then clicking on “Corporate SEC Filings.”

THE FIRST OF LONG ISLAND CORPORATION ANNOUNCES 2005 EARNINGS

      Glen Head, New York, February 7, 2006 - In 2005 the Corporation earned $3.10 per share, an increase of approximately 7% over the $2.90 earned last year.  For the fourth quarter of 2005, the Corporation earned $.75 per share versus $.72 for the same quarter last year.  Fourth quarter 2005 earnings include a charge of eleven cents per share resulting from a securities loss program, while fourth quarter 2004 earnings included a loss program charge of eight cents per share.  While securities loss programs adversely impact current earnings, they improve the Corporation’s future prospects because they entail selling lower yielding securities at a loss and using the resulting proceeds to buy securities with better yields.  

      As in recent prior years, 2005 was a successful year from the standpoint of the share repurchase program in that the Corporation was able to purchase 166,273 shares, representing approximately 4.2% of the total shares outstanding at the beginning of the year.  This compares to 151,320 shares purchased in 2004, or 3.7% of total shares outstanding at the start of the year.  The shares repurchased in 2005 and 2004 are estimated to have contributed approximately half of this year’s earnings per share growth.

      Earnings for 2005 were positively impacted by loan growth, particularly in commercial mortgages and home equity loans, continued growth in checking balances, tax planning strategies and a reduction of income taxes accrued with respect to the Bank’s investment and REIT subsidiaries.  Also positively impacting 2005 earnings was a large real estate tax settlement which added five cents to per share earnings and the termination of a post-retirement medical program that added three cents.  On the other hand, adversely impacting earnings this year was severance paid to the Corporation’s former Chairman which cost five cents per share net of savings. 

      Commercial mortgage balances grew by 18.9% during 2005, while home equity product balances grew by 30.5%.  Almost all the growth in home equity products was in fixed rate amortizing home equity loans.  The Bank attributes its loan growth to the relatively low interest rate environment, carefully designed calling programs, more assertive direct advertising, and a change in lending philosophy.  In a measured and disciplined manner, management is working to increase the Bank’s relatively low loan to deposit ratio and thereby enhance its earnings prospects.  Overall credit quality remains excellent.  Checking deposit growth, albeit more modest than that experienced in recent prior years, is once again attributed to well designed calling efforts and our personalized business banking approach.

      Despite the growth in loans and checking deposits, the Corporation’s earnings continue to be challenged by the interest rate environment.  The yield curve has flattened significantly in that a 350 basis point increase in short-term interest rates since June 2004 was accompanied by a much smaller increase in intermediate-term interest rates and a decline in longer-term interest rates.  The increase in short-term interest rates has put upward pressure on the Bank’s cost of deposits, while at the same time the Bank has had only limited opportunity to reinvest cash flows from intermediate and longer-term loans and securities at similar or higher rates. Along with the challenging interest rate environment, competition in the Bank’s market area has increased and, in some cases, been accompanied by aggressive deposit pricing, and certain alternatives to bank deposit products have become more attractive. 

      The Corporation opened a full service branch in Merrick, New York in the fourth quarter and continues to explore potential new branch locations and product offerings.  We are very enthusiastic about this new branch opening and look forward to expanding our market presence on Long Island’s south shore and other geographical areas in the future.  We strongly believe that being the bank “Where Everyone Knows Your Name” distinguishes us from the competition and should enable us to continue to grow our franchise and enhance long-term value for our shareholders.

      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”.  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation’s 2005 Form 10-K.  The Form 10-K will be available on or before March 16, 2006 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-K by going to our website at www.fnbli.com and clicking on “About Us”, then clicking on “SEC Filings”, and then clicking on “Corporate SEC Filings.”

Glen Head, New York, January 20, 2006 —The Board of Directors of The First of Long Island Corporation approved an additional stock repurchase plan which authorizes the Corporation to purchase from time to time in market or private transactions 150,000 shares of the Corporation’s common stock.  The stock purchases will be financed through available corporate cash.  This is a continuation of the Corporation’s stock repurchase program which began in 1988.  

     The Corporation continues to explore potential new branch locations and product offerings and is scheduled to open a full service branch in Merrick, New York in the fourth quarter. We are very enthusiastic about this new branch opening and look forward to expanding our market presence on Long Island’s south shore and other geographical areas in the future. We strongly believe that being the bank "Where Everyone Knows Your Name" distinguishes us from the competition and should enable us to continue to grow our franchise and enhance long-term value for our shareholders.

     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 Act of 1934. Such statements are generally contained in sentences including the words "may" or "expect" or "could" or "should" or "would" or "believe". The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements. In addition, the Corporation assumes no duty to update forward-looking statements.

     For more detailed financial information please see the Corporation’s Form 10-Q for the quarterly period ended September 30, 2005. The Form 10-Q will be available on or before November 9, 2005 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.com and clicking on "About Us", then clicking on "SEC Filings", and then clicking on "Corporate SEC Filings."

       During the twelve months ended June 30, 2005, the Corporation experienced a good degree of success with its share repurchase program in that it was able to purchase 209,879 shares, representing approximately 5% of the total shares outstanding at the beginning of the period.  Although the amount expended for these share repurchases reduced the funds available for investments and loans, the repurchases are estimated to have contributed five cents to the earnings per share growth when comparing the first six months of 2005 to the same period last year.

      Thus far this year earnings have been positively impacted by loan growth, particularly in commercial mortgages and home equity loans, and continued but modest growth in checking balances.  Commercial mortgage balances grew by 10.3% during the first six months of 2005, while home equity products grew by 15.2%.  The Bank attributes the loan growth to the relatively low interest rate environment, carefully designed calling programs, more assertive direct advertising, and a change in lending philosophy.   In a measured and disciplined manner, management is working to increase the Bank’s loan to deposit ratio and thereby enhance its earnings prospects.  Credit quality remains excellent. 

      Despite the growth in loans and deposits, the Corporation’s earnings continue to be challenged by the interest rate environment.  While short-term interest rates have increased by 225 basis points over the last twelve months, intermediate-term interest rates have remained relatively stable and longer-term interest rates have actually declined.  This flattening of the yield curve caused the Corporation’s cost of deposits to increase while at the same time provided limited opportunity to reinvest cash flows from intermediate and longer-term loans and securities at similar or higher rates. Along with the challenging interest rate environment, competition in the Bank’s market area has increased, and to some alternatives to bank deposit products have become more attractive. 

      Earnings for the six and three month periods ended June 30, 2005 were also impacted by the second quarter severance payment of $575,000 to the Corporation’s former Chairman.  The impact of this payment was largely offset by a real estate tax recovery of $333,000, most of which was recorded in the first quarter, and the second quarter termination of a retiree insurance benefit resulting in the reversal of a $193,000 liability.  In addition, second quarter earnings were helped by net gains on sales of securities of $153,000.

      The Corporation continues to explore potential new branch locations and product offerings and is scheduled to open a full service branch in Merrick, New York later this year.  We are very enthusiastic about this new branch opening and look forward to expanding our market presence on Long Island’s south shore in the future.  We strongly believe that being the bank “Where Everyone Knows Your Name” distinguishers us from the competition and should enable us to continue to grow our franchise and enhance long-term value for our shareholders.  
  

      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 Act of 1934.  Such statements are generally contained in sentences including the words “may” or “expect” or “could” or “should” or “would” or “believe”.  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation’s Form 10-Q for the quarterly period ended June 30, 2005.  The Form 10-Q will be available on or before August 9, 2005 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.com and clicking on “About Us”, then clicking on “SEC Filings”, and then clicking on “Corporate SEC Filings.”

Glen Head, New York, June 22, 2005 - The First of Long Island Corporation has announced a cash dividend of 42 cents per share to be paid August 2, 2005 to shareholders of record on July 5, 2005.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation.  The Bank currently has nine full service offices and fifteen commercial banking offices in Nassau and Suffolk Counties, Long Island and Manhattan.

      Glen Head, New York, May 18, 2005 - The Board of Directors of The First of Long Island Corporation approved an additional stock repurchase plan which authorizes the Corporation to purchase from time to time in market or private transactions 100,000 shares of the Corporation's common stock.  The stock purchases will be financed through available corporate cash.  This is a continuation of the Corporation's stock repurchase program which began in 1988.  

      Glen Head, New York, May 3, 2005 -  In the first quarter of 2005 the Corporation earned $.76 per share, an increase of 7% over the $.71 earned for the same quarter last year.  Earnings for the first quarter of 2005 include net securities losses of $162,000, and earnings for the same quarter last year include net securities gains of $93,000. 

      Earnings per share grew 7% for the quarter, while net income grew by 2%.  The larger earnings per share growth is primarily attributable to the Corporation's share repurchase program.  When compared to same quarter last year, earnings per share for the current quarter were positively impacted by the large volume of shares purchased during the fourth quarter of 2004 and thus far this year. Purchases during these periods amounted to 140,659 and 58,659 shares, respectively.

      The largest contributors to the increase in first quarter 2005 net income were a real estate tax recovery of $283,000, the impact of tax planning strategies, and a reduction of income taxes accrued with respect to the Corporation's investment subsidiary. 

      While both earnings per share and net income increased for the first quarter of 2005, net interest income from the Corporation's core banking business declined by $99,000.  One reason for the decline was that the Corporation reduced the average maturity of its investment portfolio in the latter half of 2004 to better position the Corporation for increases in intermediate and longer-term interest rates.  Another reason for the decline is that short-term interest rates increased during the latter half of 2004 and thus far this year and caused the Corporation's cost of deposits and borrowings to increase.  Also impacting net interest income was the fact that average money-market-type deposit balances were lower in the first quarter of 2005 than the same quarter last year.  Positively impacting net interest income for the current quarter was 4% growth in the average balance of checking deposits. 

    The Corporation finds itself in a more challenging environment than the last fiscal year.  The current interest rate environment and increased competition have put more pressure on the Corporation's ability to grow deposits.  In addition, if short-term interest rates continue to increase, so could the Corporation's cost of deposits and borrowings.  If intermediate and longer-term interest rates remain at their currently low levels or move lower, the Bank may have limited opportunity to reinvest cash flows from loans and securities at equivalent or higher yields.  The shifting back from intermediate to shorter-term investment instruments during the latter half of 2004 should continue to negatively impact portfolio earnings in the near term.  As a partial offset, management could now increase the average maturity of the Bank's securities portfolio and may decide to do so based on its view of the current and future interest rate environment.   

      The Corporation continues to explore potential new branch locations and product offerings and currently expects to open a full service branch in Merrick, New York later this year.

      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 Act of 1934.  Such statements are generally contained in sentences including the words "may" or "expect" or "could" or "should" or "would" or "believe".  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation's Form 10-Q for the quarterly period ended March 31, 2005.  The Form 10-Q will be available on or before May 10, 2005 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.com and clicking on "About Us", then clicking on "SEC Filings", and then clicking on "Corporate SEC Filings."

The Bank earned $2.90 per share in 2004, an increase of 7%, or 18 cents, over the $2.72 earned in 2003.  Earnings for 2004 include a charge of 7 cents per share from net securities losses while 2003 earnings includes per share credits of 5 cents from net securities gains and 8 cents from an unusually large commercial mortgage prepayment fee of $564,000.  Before securities gains and losses and the large prepayment fee, earnings per share for 2004 are up 15%, or 38 cents, over 2003 earnings.

When compared to 2003, earnings for 2004 are up primarily because of growth in several key deposit and loan products and the continued impact of strategy changes made during the latter half of 2003.  The most significant growth occurred in checking deposits, the average yearly balance of which increased by $27.0 million, or 10%, and residential mortgage loans, including home equity lines, the average yearly balance of which increased by $42.6 million, or 30%.  The strategy changes implemented in the latter half of 2003 included borrowing to pre-invest future loan and security cash flows and a shift away from overnight federal funds and other shorter-term investment instruments in favor of intermediate-term instruments. This shift enabled the Bank to take advantage of the relatively steep slope of the yield curve. 

The positive impact on 2004 earnings of the growth and strategy changes was partially offset by a reduction in net interest margin and net losses incurred on sales of securities in 2004 versus net gains in 2003.  Although net interest margin was relatively stable throughout 2004, it declined by 20 basis points when compared to 2003.  This occurred principally because of the reinvestment of cash flows from loans and securities in a low rate environment and a shifting back during the latter half of 2004 from intermediate to shorter-term investment instruments in an effort to better position the Bank for rising rates.  When compared to last year, net interest margin for 2004 was helped by a reduction in prepayments on mortgage securities but hurt by the fact that 2003 included the large commercial mortgage prepayment fee.  The net securities losses in 2004 occurred as lower yielding securities were sold and replaced with higher yielding securities of similar duration in an effort to improve the Bank's future revenues.  The net securities gains in 2003 resulted from the sale of an equity security that the Bank was once required to hold as part of a government sponsored loan program.

From the standpoint of earnings growth a number of challenges lie ahead.  Despite recent increases in short-term interest rates, intermediate and longer-term interest rates remain low.  The recent increases in short-term interest rates, when taken together with any further increases, may make it necessary for the Bank to increase deposit rates and thereby its cost of funds.  At the same time, due to low intermediate and longer-term rates, the Bank may have limited opportunity to reinvest cash flows from loans and securities at equivalent or higher yields.  In addition, the shifting back from intermediate to shorter-term investment instruments during the latter half of 2004 should negatively impact portfolio yield in the short term.  All this considered, the Bank's net interest margin may not improve from its present level and could possibly decline. 

The significant growth experienced by the Bank in 2004 in the yearly average balances of checking deposits and residential mortgage loans tends to obscure the fact that the rate of growth for these products has slowed.  The Bank's ability to grow earnings could be further challenged if this were to continue.  An analysis of the yearly average balances for these products shows that the increase resulted principally from growth that occurred in the latter half of 2003 and, for residential mortgage loans, continued growth in the first half of 2004.  Furthermore, a sharp decline in checking balances during the last few days of 2004 caused the balance at December 31, 2004 to be only slightly higher than the December 31, 2003 balance (see "Balance Sheet Information" that follows).  Although a portion of the decline reversed in January, it could reoccur in the future.  The recent increase in short-term interest rates may cause depositors to keep smaller balances in noninterest-bearing checking accounts and thereby put pressure on the Bank's ability to continue to grow these balances at the same rate experienced in recent years.  The reduction in mortgage refinance activity during 2004 may continue and have a similar impact on the Bank's residential mortgage portfolio.

The Bank expanded its franchise by opening three new commercial banking offices in Manhattan in the middle of 2003.  The Bank used 2004 to absorb the Manhattan growth and plan for further expansion.  At this point the Bank has definitive plans for a new full service office on the south shore of Long Island and is evaluating potential sites for additional commercial banking offices. 

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 Act of 1934.  Such statements are generally contained in sentences including the words "may" or "expect" or "could" or "should" or "would" or "believe".  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation's 2004 Form 10-K.  The Form 10-K will be available on or before March 16, 2005 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-K by going to our website at www.fnbli.com and clicking on "About Us", then clicking on "SEC Filings", and then clicking on "Corporate SEC Filings."  

           
Glen Head, New York, December 15, 2004 -  The Board of Directors of The First National Bank of Long Island Corporation has announced a cash dividend of 42 cents per share to be paid January 31, 2005 to shareholders of record on January 3, 2005.  In addition, the Board approved an additional stock repurchase plan which authorizes the Corporation to purchase from time to time in market or private transactions 100,000 shares of the Corporation's common stock.  The stock purchases will be financed through available corporate cash.  This is a continuation of the Corporation's stock repurchase program which began in 1988.
                                             

Glen Head, New York, November 1, 2004 - Earnings per share for the first nine months of 2004 were $2.18, up 14 cents, or 7%, from the $2.04 earned for the corresponding period in 2003.  Earnings for the 2003 period included an unusually large commercial mortgage prepayment fee that accounted for 8 cents per share and gains on sales of available-for-sale securities that accounted for 6 cents.  Excluding the large prepayment fee and securities gains, earnings per share for the nine-month period are up 27 cents, or 14%.  Third quarter earnings per share were up 4 cents, or 6%.  Excluding securities gains, earnings per share for the third quarter were up 7 cents, or 10%.  

Earnings growth for the nine and three month periods ending September 30, 2004 was largely attributable to growth in several key deposit and loan products, the continued impact of strategy changes made during the latter half of 2003 with respect to the Corporation's securities portfolio, and a reduction in prepayments on mortgage securities.  These items more than offset the significant negative impact of low interest rates.  When compared to the same nine month period last year, average checking balances were up 11%, or $30.5 million, and balances on residential mortgage loans, including home equity loans, were up 36%, or $48.7 million.
  
Despite the nine-month and third quarter earnings increases, the low interest rate environment remains challenging.  Our net interest margin was 28 basis points (.28%) lower in the first nine months of 2004 than the corresponding period in 2003.  Even though net interest margin substantially stabilized during the first nine months of 2004, it could, as cautioned in the past, decline further regardless of whether interest rates continue at their present level, move downward, or increase.  However, over the longer term, sustained higher interest rates will provide the Bank with the best earning opportunities.

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 Act of 1934.  Such statements are generally contained in sentences including the words "may" or "expect" or "could" or "should" or "would" or "believe".  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation's Form 10-Q for the quarterly period ended September 30, 2004.  The Form 10-Q will be available on or before November 9, 2004 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.com and clicking on "About Us", then clicking on "SEC Filings", and then clicking on "Corporate SEC Filings."  

Glen Head, New York, July 28, 2004 - During the first six months of 2004 the Corporation experienced continued growth in the average balances of several key deposit and loan products.  When compared to the corresponding period last year, average checking balances were up 14%, or $37.6 million, balances on residential mortgage loans and lines were up 37%, or $48.8 million, and commercial loan balances were up 38%, or $15.5 million.  In addition, money-market-type savings balances grew by 6%, or $18.8 million, and attorney escrow balances grew by 56%, or $6.6 million.  Growth in these key product categories along with the continued impact of strategy changes made during the latter half of 2003 with respect to the Corporation's securities portfolio were significant items that positively impacted earnings for the first half of 2004 and helped to offset the negative influence of low interest rates.

Earnings per share for the first six months of 2004 were $1.44, up 10 cents, or 7.5%, from the $1.34 earned for the corresponding period in 2003.  Excluding an unusually large commercial mortgage prepayment fee that accounted for 8 cents of first quarter 2003 earnings, earnings per share for the six-month period were up 18 cents, or 14%.  Second quarter earnings growth was even stronger than that experienced for the six-month period as earnings per share were up 13 cents, or 22%, from 60 cents in the second quarter of 2003 to 73 cents for the current quarter.  Earnings growth, particularly for the second quarter, was helped by the fact that reinvestment rates improved and prepayments on mortgage securities declined.

Despite the six-month and second quarter earnings increases, the low interest rate environment remains challenging.  Net interest margin was 36 basis points (.36%) lower in the first half of 2004 than the corresponding period in 2003.  Even though net interest margin stabilized during the first six months of 2004, it could, as cautioned in the past, decline further regardless of whether interest rates continue at their present level, move downward, or increase.  The impact of a change in interest rates on net interest margin depends on, among other things, the amount of the change, whether or not the change impacts both short and long-term rates at the same time and in the same amount, and the degree to which rates on the Bank's loans and deposits are subject to competitive and other pressures.





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 Act of 1934.  Such statements are generally contained in sentences including the words "may" or "expect" or "could" or "should" or "would" or "believe".  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation's Form 10-Q for the quarterly period ended June 30, 2004.  The Form 10-Q will be available on or before August 9, 2004 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.com and clicking on "About Us", then clicking on "SEC Filings", and then clicking on "Corporate SEC Filings."

Glen Head, New York, April 27, 2004 - During the first quarter of 2004 the Corporation experienced continued growth in the average balances of several key deposit and loan products.  When compared to the same quarter last year, checking balances grew 16%, or $39.7 million, and residential mortgage balances, including home equity lines, grew 37%, or $47.4 million.  In addition, money-market-type savings balances were up 6%, or $19.5 million, and attorney escrow balances were up 57%, or $6.1 million.  This growth, along with the continued impact of strategy changes made during the latter half 2003 with respect to the Corporation's securities portfolio, were the most significant items that positively impacted earnings in the current quarter and helped to offset the negative impact of low interest rates.

For the first quarter of 2004 the Corporation earned 71 cents per share as compared to 74 cents earned in the same quarter last year.  Excluding an unusually large commercial mortgage prepayment fee that accounted for 8 cents of first quarter 2003 earnings, earnings for the current quarter are up 5 cents, or 8%.  Despite the first quarter increase, the negative influence on earnings of low interest rates continues.  Net interest margin decreased by .67% from 5.02% in the first quarter of 2003 to 4.35% for the current quarter.  As cautioned in the past, net interest margin should be further negatively impacted whether interest rates continue at the present level, decline further, or increase.  If, however, interest rates do increase, net interest margin should eventually be positively impacted.

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 Act of 1934.  Such statements are generally contained in sentences including the words "may" or "expect" or "could" or "should" or "would" or "believe".  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation's Form 10-Q for the quarterly period ended March 31, 2004.  The Form 10-Q will be available on or before May 10, 2004 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.com and clicking on "About Us", then clicking on "SEC Filings", and then clicking on "Corporate SEC Filings."  

Glen Head, New York, January 26, 2004 - During 2003, the Corporation experienced strong growth in its core business products. This enabled the Corporation to achieve approximately level earnings despite significant downward pressure on net interest margin caused by low interest rates and the expenses associated with its growth strategies. Earnings per share were $2.72 in 2003 as compared to $2.73 in 2002. For the fourth quarter of 2003, earnings per share were 68 cents versus 70 cents earned in the same quarter last year. Net income for 2003 was $11,365,000. As of December 31, 2003, total assets were $914,264,000.

The most significant items positively affecting earnings for 2003 were a 15% increase in average checking balances and strategy changes with respect to the Corporation's securities portfolio. The size of the short-term securities portfolio was reduced, the intermediate-term securities portfolio and loans outstanding were increased, and borrowings under repurchase agreements were used to pre-invest future security and loan cash flows. Other important factors also favorably impacting earnings were an unusually large commercial mortgage prepayment fee received in the first quarter, net gains on sales of securities, and growth in the average balance of attorney escrow-type accounts.
 
Overwhelmingly, the most negative influence on earnings is the overall decline in interest rates. On a sequential quarter-to-quarter basis, after a modest uptick in the first quarter, net interest margin continued to decrease. As cautioned in the past, sustained lower interest rates should result in continued margin pressure and further negatively impact income. Conversely, while an increase in interest rates may initially have a negative impact on net interest income, sustained higher interest rates should have a positive impact.

Also affecting earnings were increases in personnel costs and expenses of the Corporation's growth strategies, particularly the opening of three New York City commercial branches. The New York City branches were opened on June 2, 2003 and so far the results are encouraging. While it is premature to predict their ultimate success, the Corporation remains optimistic regarding the long-term results of the New York City strategy and investment. The Bank's free checking campaign was started at the end of the first quarter and resulted in an increase this year of approximately 11% in the number of personal checking accounts.







This earnings release contains "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 Act of 1934.  Such statements are generally contained in sentences including the words "may" or "expect" or "could" or "should" or "would" or "believe".  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward-looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation's 2003 Form 10-K.  The Form 10-K will be available on or before March 15, 2004 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-K by going to our website at www.fnbli.com and clicking on "About Us" and then clicking on "SEC Filings."

Glen Head, New York, November 4, 2003 - For the first nine months of this year, earnings per share were $2.04 compared to $2.03 earned in the corresponding 2002 period. For the third quarter of 2003, earnings per share were 70 cents versus 71 cents earned in the same quarter last year. Net income for the most recent nine months was $8,487,000. As of September 30, 2003, total assets were $913,503,000 and the growth of our core products continues to be good.

The most significant items positively affecting earnings for the nine months were a 14% increase in average checking balances and an unusually large commercial mortgage prepayment fee received in the first quarter. Other important factors also favorably impacting earnings were gains on sales of equity securities and the continued growth of money market type savings balances and residential mortgages.

Overwhelmingly, the most negative influence on earnings is the overall decline in interest rates. On a sequential quarter-to-quarter basis, after a modest uptick in the first quarter, net interest margin continued to decrease. As we have cautioned in the past, sustained lower interest rates should result in continued margin pressure and further negatively impact our income.

Also affecting our earnings were expenses of our growth strategies particularly the opening of our three New York City commercial branches. The New York City branches were opened on June 2, 2003 and so far the results are encouraging. While it is premature to predict their ultimate success, we remain optimistic regarding the long-term results of our New York City strategy and investment. Our free checking campaign was started at the end of the first quarter and is attracting consumer checking business to the Bank resulting in a growth of over 10% in the number of net new consumer checking accounts so far this year.

This earnings release contains "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 Act of 1934. Such statements are generally contained in sentences including the words "may" or "expect" or "could" or "should" or "would" or "believe". The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward-looking statements. In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation's Form 10-Q for the quarterly period ended September 30, 2003. The Form 10-Q will be available on or before November 14, 2003 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.com and clicking on "The First of Long Island Corporation."

Glen Head, New York, July 23, 2003 - Earnings per share were $1.34 for the first six months of this year compared to $1.32 earned in the similar 2002 period.  For the second quarter of 2003, earnings per share were 60 cents, a decline from the 70 cents earned in the same quarter last year.  Net income for the most recent six months was $5,603,000.  Total assets were $841,156,000 at June 30, 2003 and the growth of our core products continues to be good.

The most significant items positively affecting earnings for the six months were a 14% increase in average checking balances and an unusually large commercial mortgage prepayment fee received in the first quarter; the prepayment fee, the recurrence of which is unlikely, is equivalent to approximately 8 cents per share.  Other important factors also favorably impacting earnings were gains on sales of equity securities and continued growth of money market type savings balances and residential mortgages.

Overwhelmingly, the most negative influence on earnings are the effects of the severe decline in interest rates.  On a sequential quarter-to-quarter basis, after a modest uptick in the first quarter, net interest margin continued to decrease.  As we have cautioned in the past, sustained lower interest rates should exacerbate the decline in our net interest margin and further negatively impact our income.  Also adversely affecting earnings, especially in the second quarter, were expenses of our growth strategies particularly the opening of our three New York City branches.

The New York City commercial offices were opened on June 2nd and, while it is premature to predict their ultimate success, so far the results are encouraging.  Our free checking campaign is attracting consumer checking business to the Bank resulting in a growth of about 6% in the number of net new consumer checking accounts so far.

As previously announced, the Corporation is paying a cash dividend of 34 cents per share today to shareholders of record on July 7, 2003.  This semiannual cash dividend is 19% greater than the dividend paid last year at this time.

This earnings release contains "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 Act of 1934.  Such statements are generally contained in sentences including the words "may" or "expect" or "could" or "should" or "would" or "believe".  The Corporation cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, and therefore actual results could differ materially from those contemplated by the forward looking statements.  In addition, the Corporation assumes no duty to update forward-looking statements.

For more detailed financial information please see the Corporation's Form 10-Q for the quarterly period ended June 30, 2003.  The Form 10-Q will be available on or before August 14, 2003 and can be obtained from our Finance Department located at 10 Glen Head Road, Glen Head, New York 11545, or you can access Form 10-Q by going to our website at www.fnbli.comand clicking on "The First of Long Island Corporation."

2002 Earnings. Glen Head, New York, January 24, 2003 – The First of Long Island Corporation reported today that earnings per share increased by 17% from $2.33 in 2001 to $2.73 in 2002. The Corporation's consolidated net income was $11,563,000 for 2002 and consolidated total assets were $792,342,000 at year-end.