Flushing Financial — Corporate Update (January 2021)

6 slides from Flushing Financial's corporate update, Jan 6, 2021

Slide 1: December Update
December Update January 6, 2021 contact: susan.cullen@flushingbank.com | phone: (516) 209-3622 | website: www.flushingbank.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 This presentation contains “forward-looking statements” within the meaning of the federal securities laws. These forward-looking statements may include management plans relating to the Empire merger; any statements of the plans and objectives of management for future operatio
Slide 3: Total Forbearance Portfolio
Total Forbearance Portfolio 3 Forbearance Trend from Peak to Remaining on Deferral $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 Peak Deferrals 5/31/20 9/30/2020 12/31/2020 ($MM) $1.5B $846.2MM $376.3MM1 Forbearance represents only 3.4% of the Total Loan Portfolio excluding Interest Only Loans2
Slide 4: Balance Sheet Restructuring
Balance Sheet Restructuring 4 .. Prepaid $291.0MM of FHLB advances in December to further reduce funding costs – Weighted average coupon on the repaid debt was 1.93% – Maturities ranged from 0.8 years to 2.9 years – Pre-payment penalty totaled $7.8MM (pre-tax) – Earnback of 1.5 years .. Sold approxi
Slide 5: Contact Details
Contact Details | Flushing Financial Corporation 5 Susan Cullen SEVP, CFO & Treasurer (516) 209-3622 susan.cullen@flushingbank.com NASDAQ: FFIC
Slide 6: Slide 6