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  "documentTitle": "Independent Bank Corp | Results Presentation Deck | 26 slides",
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  "authorName": "Independent Bank",
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  "presentationDate": "2019-10-01 00:00:00",
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  "notes": "Includes detailed notes on cumulative beta and wholesale funding growth.",
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      "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 40.3% from Q2'17 to Q3'19. 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 $263.7 million at 9/30/19.",
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