CMS Case Study

50BP Increase in Short Term Market Rates (With Prime Indexed MMDA) - 12/31/2021

50BP Increase in Short Term Market Rates (With Prime Indexed MMDA)

Index MMDA to Prime

Monthly Net Interest Income (NII) Projections

Monthly Net Interest Income (NII) Projections

2,050

YEAR 1

YEAR 2

YEAR 1

YEAR 2

2,000

1,950

1,900

1,850

1,800

M1 M2 M3 M4 M5 M6 M7 M8 M9

M1 M2 M3 M4 M5 M6 M7 M8 M9

M1 M2 M3 M4 M5 M6 M7 M8 M9

M1 M2 M3 M4 M5 M6 M7 M8 M9

M10

M11

M12

M10

M11

M12

M10

M11

M12

M10

M11

M12

Base

Base

NII RESULTS

Y1

Y2

Y1

Y2

Y1

Y2

23,151

23,000

-130

-89

23,280

23,089

BASE

DIFFERENCE

1. Simulation assumes all short term market rates (1Y and less) are increased by 50bps. 2. Simulation also includes the impact of the prime-indexed deposit accounts. MMDA accounts are indexed as follows: ($0-19K tied to 3% of Prime, $20K-$49K tied to 4% of Prime, $50K-$99K tied to 5% of Prime, $100K-$249K tied to 6% of Prime, $250K+ tied to 7% of Prime).

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