{
  "docId": "019de075-93f3-704c-98c7-1356842e1a43",
  "docSlug": "4f9352f4fdcf9c38a760911cf453be51",
  "documentTitle": "Flushing Financial | Investor Conference Presentation Deck | 38 slides",
  "authorId": "flushing-financial",
  "authorName": "Flushing Financial",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 5,
  "pageCount": 38,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 11,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de075-93f3-704c-98c7-1356842e1a43/5",
  "deckHref": "/decks/019de075-93f3-704c-98c7-1356842e1a43",
  "deckJsonHref": "/decks/019de075-93f3-704c-98c7-1356842e1a43.json",
  "deckAnchorHref": "/decks/019de075-93f3-704c-98c7-1356842e1a43#slide-5",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.74,
        "x": 0.22,
        "y": 0.56
      },
      "kind": "paragraph",
      "text": "The Company continues to have ample liquidity with $3.7 billion of undrawn lines and resources. Total deposits increased 4.9% YoY and 2Q23 balances were higher than normal seasonal declines. Checking account openings were up 9.6% YoY in 2Q23.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "48167e23-1523-492c-9161-9c62ccee53a5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.74,
        "x": 0.22,
        "y": 0.42
      },
      "kind": "paragraph",
      "text": "Manhattan office buildings are approximately 0.6% of net loans. Over 88% of the loan portfolio is collateralized by real estate with an average loan to value less than 36%. Debt service coverage ratio of 1.8x for multifamily and investor commercial real estate loans that reprice through 2025.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "66250096-35c5-45a0-aa4d-49a57f18740e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.74,
        "x": 0.22,
        "y": 0.7
      },
      "kind": "paragraph",
      "text": "Additional opportunities emerging as a competitors leave the market. Approximately 33% of our branches are in Asian markets; a key focus of our business. Bensonhurst, our 27th branch, is expected to open in 2H23 enhancing our Asian branch presence. Digital banking usage continues to increase with double digit growth in both monthly mobile deposit active users and digital banking enrollment in June 2023 versus a year ago.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bc9b47f4-00bc-4ae6-9720-14d3a17b0ad5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.74,
        "x": 0.22,
        "y": 0.28
      },
      "kind": "paragraph",
      "text": "Continuing to take significant actions to position the Company's balance sheet more towards interest rate risk neutral. During 2Q23, the Company added $400 million of interest rate hedges and an additional $250 million of forward hedges that became effective. Rate sensitivity to a +100 bps shock has been reduced by 64% over the past year.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eb7a06c1-571c-4b84-888f-33eab8a73d1f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.92,
        "x": 0.04,
        "y": 0.22
      },
      "kind": "table",
      "text": "Interest Rate Risk, Credit Quality, Liquidity, Customer Experience",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "daa08c86-ad1f-4504-9d3e-7b024d17aefe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.55,
        "x": 0.06,
        "y": 0.03
      },
      "kind": "title",
      "text": "Areas of Focus for Long-term Success",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "19f88f8e-e62f-4be6-a23f-d19bd16f094c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 5,
      "from": 3,
      "beatId": "1646c4bb-9814-4af4-9b17-1ef4a4830de7",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Problem",
      "beatSlug": "sequoia-pitch-problem",
      "evidence": "The deck presents an overview of Flushing Financial's current situation and areas of focus.",
      "position": 0,
      "confidence": 0.7,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 24,
      "from": 3,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "db2de60f-52ff-49c6-b3cd-1c5e8d7c4e49",
      "evidence": "The deck presents a clear narrative on Flushing Financial's strategy and performance.",
      "position": 0,
      "objective": "The company's actions to address challenges and achieve long-term success.",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}