{
  "docId": "019de075-9495-759a-a022-12248427b58b",
  "docSlug": "2d3429a229244d5f3d70bf0eea27e19d",
  "documentTitle": "Flushing Financial | Investor Presentation Deck | 35 slides",
  "authorId": "flushing-financial",
  "authorName": "Flushing Financial Corporation",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
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  "pageNumber": 15,
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  "density": "dense",
  "nDataPoints": 5,
  "notes": "The slide highlights a reduction in liability sensitivity from -8.77% in 2Q22 to -3.17% in 2Q23.",
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  "slideHref": "/slides/019de075-9495-759a-a022-12248427b58b/15",
  "deckHref": "/decks/019de075-9495-759a-a022-12248427b58b",
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  "deckAnchorHref": "/decks/019de075-9495-759a-a022-12248427b58b#slide-15",
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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 to by 64% over the past year",
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      "bbox": {
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      "kind": "title",
      "text": "Our Actions Have Reduced Liability Sensitivity",
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  "loops": [
    {
      "to": 16,
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "d00219de-9393-44dc-8659-6e632aaa6f19",
      "evidence": "The deck presents information on the company's actions and their impact on liability sensitivity and credit quality",
      "position": 1,
      "objective": "Emphasizing the importance of the company's actions",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "description": "Quantify what happens if the audience does nothing"
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