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  "documentTitle": "Flushing Financial | Investor Conference Presentation Deck | 38 slides",
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  "presentationDate": "2023-08-01 00:00:00",
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  "notes": "The table shows the net benefit of interest rate hedges, highlighting yield improvements and liability sensitivity reduction.",
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      "text": "The addition of swaps and more emphasis on floating rate assets has reduced the liability sensitive rate position by 64% over the past year. The swaps were added as the Fed increased rates to both enhance the yield on longer term assets and to reduce the cost of funding. The $1.7 billion of total interest rate hedges has annualized net interest income of $42.6MM or an effective annualized yield of 2.45%. The effective yield will expand if the Fed raises rates or compress if the Fed cuts rates",
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      "text": "1 Does not include $240.7MM of customer back-to-back loan swaps and $50MM of forward starting funding swaps that become effective in 2024",
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      "text": "Swap Type, Notional ($MM), First Half '23 Avg Bal ($MM), First Half '23 Yield with Swaps, First Half '23 Yield Without Swaps, Net Benefit. Investments, $200.0, $961.1, 3.52%, 3.33%, 0.19%. Loans, $664.2, $6,855.5, 4.90%, 4.74%, 0.16%. Funding, $872.5, $7,603.2, 2.65%, 2.93%, 0.28%. Total Interest Rate Hedges, $1,736.7, , , , 2.45%",
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