{
  "docId": "019de076-a2b0-72bd-8b08-2da5d23dc01a",
  "docSlug": "a77501345bc7626c41e21404fc5e7faa",
  "documentTitle": "Flushing Financial | Results Presentation Deck | 39 slides",
  "authorId": "flushing-financial",
  "authorName": "Flushing Financial Corporation",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-01-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 13,
  "pageCount": 39,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 20,
  "notes": "Includes a footnote regarding annualized figures and specific swap exclusions.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-a2b0-72bd-8b08-2da5d23dc01a/13",
  "deckHref": "/decks/019de076-a2b0-72bd-8b08-2da5d23dc01a",
  "deckJsonHref": "/decks/019de076-a2b0-72bd-8b08-2da5d23dc01a.json",
  "deckAnchorHref": "/decks/019de076-a2b0-72bd-8b08-2da5d23dc01a#slide-13",
  "components": [
    {
      "bbox": {
        "h": 0.38,
        "w": 0.94,
        "x": 0.03,
        "y": 0.52
      },
      "kind": "list",
      "text": "The addition of swaps and more emphasis on floating rate assets has reduced the liability sensitive rate position. 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 $42.9MM or an effective annualized yield of 2.56% as of December 31, 2023. The effective yield will expand if the Fed raises rates or compress if the Fed cuts rates. Only $51 million of funding hedges are due to mature in 2024 at a weighted average rate of 1.32% and will largely be replaced with $50 million of forward starting funding hedges at a rate of 0.80%",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "238dd785-002c-4865-8e56-78e615035540",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.03,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "1 Annualized; Does not include $721.0MM of customer back-to-back loan swaps and $50MM of forward starting funding swaps that become effective in 2024",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c014f696-2042-4626-82cd-c969811efb9c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.94,
        "x": 0.03,
        "y": 0.175
      },
      "kind": "table",
      "text": "Swap Type, Notional ($MM), 2023 Avg Bal ($MM), 2023 Yield with Swaps, 2023 Yield Without Swaps, Net Benefit. Investments, $200.0, $993.9, 3.84%, 3.55%, 0.29%. Loans, $702.5, $6,845.3, 5.19%, 4.94%, 0.25%. Funding, $776.8, $7,629.5, 2.91%, 3.25%, 0.34%. Total, $1,679.3, -, -, -, 2.56%",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1d12e333-8551-46ce-af8d-cdf4b1888e2b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.03
      },
      "kind": "title",
      "text": "Interest Rate Hedges Provide Income and Reduce Rate Sensitivity",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "abef5aa5-7c0a-47f2-805e-6f8ab66fa821",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 5,
      "beatId": "57e9fada-7169-4768-a48c-7a9d035d4487",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "KPI Overview",
      "beatSlug": null,
      "evidence": "The deck presents various KPIs, such as loans secured by real estate, net charge-offs, and interest rate hedges",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}