{
  "docId": "019de075-93f3-704c-98c7-1356842e1a43",
  "docSlug": "4f9352f4fdcf9c38a760911cf453be51",
  "documentTitle": "Flushing Financial | Investor Conference Presentation Deck | 38 slides",
  "authorId": "flushing-financial",
  "authorName": "Flushing Financial",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 19,
  "pageCount": 38,
  "prevPage": 18,
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  "slideType": "before_after",
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  "density": "balanced",
  "nDataPoints": 5,
  "notes": "The slide highlights the improvement in interest rate risk profile through hedging and asset-liability management.",
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  "slideHref": "/slides/019de075-93f3-704c-98c7-1356842e1a43/19",
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      "kind": "chart",
      "text": "Percentage Change to Net Interest Income from Base Case Based on a 100 bps Shock in Rates",
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      "text": "The Balance Sheet is structured where liabilities reprice faster than assets (initially) when rates increase. Implementing a swap strategy along with adding floating rate assets. During 2Q23, over $400MM of interest rate hedges were added and $250MM of forward hedges became effective. When the Fed stops increasing rates, and after a lag, funding costs should stabilize, and assets then reprice higher (assuming a stable rate environment). The duration of the assets is between 3-4 years compared to 1-2 year for the liabilities. By adding interest rate hedges and implementing other structural changes, liability sensitivity has been reduced by 64% over the past year.",
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      "kind": "title",
      "text": "Our Actions Have Reduced Liability Sensitivity",
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      "evidence": "The slide contrasts the high sensitivity in 2Q22 with the reduced sensitivity in 2Q23 to demonstrate the effectiveness of management actions.",
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      "beatName": "Business Model",
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      "evidence": "The deck provides an overview of Flushing Financial's business model and financial performance.",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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