Utilizing Flushing Financials 2019 annual report

1- Use the Gap table on page 59 to estimate total BS Duration. What would you expect the effect on BS value to be if rates increased by 100 bps? By 200 bps?

2 How do your estimates compare to those provided by the sensitivity analysis on page 60?

3 Why do you think the sensitivity results on page 60 are so different for increases and decreases in rates?

4 How much higher would 2019 net income have been, if 2019 net interest margin was the same as in 2017? (look at page 61 data)

5 Go to FN 20 on page 126. Given the three exposures that were hedged, were the swaps pay fixed/receive floating, or pay floating/received fixed?

6 Why are there losses on most swap derivatives?