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  "documentTitle": "Independent Bank Corp | Results Presentation Deck | 26 slides",
  "authorId": "independent-bank-corp",
  "authorName": "Independent Bank",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2019-07-01 00:00:00",
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  "notes": "The slide includes a detailed note on cumulative beta and the impact of wholesale funding on cost of funds.",
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      "kind": "chart",
      "text": "Historical IBCP Cost of Funds vs. the Federal Funds Rate",
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      "text": "Note: COF is average quarterly cost of funds; EFF is monthly average effective federal funds rate for the quarter; and Spot FF is the spot federal funds rate. Note: Cumulative beta (change in COF divided by change in effective federal funds rate) was 8.6% from Q3’15 to Q2’17. Cumulative beta moved up to 35.9% from Q2’17 to Q2’19. The acceleration, was in part, caused by an increase in wholesale funding (brokered time deposits and borrowings, excluding subordinated debentures) from $118.8 million at 6/30/17 to $285.8 million at 6/30/19.",
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      "text": "Focused on Balancing Deposit Retention and Funding Costs",
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      "text": "Cost of Funds Analysis",
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