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  "documentTitle": "Flushing Financial | Investor Presentation Deck | 32 slides",
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  "presentationDate": "2023-10-01 00:00:00",
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  "notes": "The table shows 9M 23 data. The 'Total Interest Rate Hedges' row in the 'Net Benefit' column (2.51%) is explained in the text as the annualized yield.",
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      "text": "The addition of swaps and more emphasis on floating rate assets has reduced the liability sensitive rate position by ~66% 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 $43.3MM or an effective annualized yield of 2.51% as of September 30, 2023. The effective yield will expand if the Fed raises rates or compress if the Fed cuts rates.",
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      "text": "Annualized; Does not include $479.9MM 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), 9M 23 Avg Bal ($MM), 9M 23 Yield with Swaps, 9M 23 Yield Without Swaps, Net Benefit. Investments, $200.0, $985.0, 3.68%, 3.44%, 0.24%. Loans, $746.8, $6,837.7, 5.06%, 4.85%, 0.21%. Funding, $776.8, $7,610.1, 2.80%, 3.12%, 0.32%. Total, $1,723.6, -, -, -, 2.51%",
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      "text": "Interest Rate Hedges Provide Income and Reduce Rate Sensitivity",
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