CMS Case Study

Loan Cap Report 3m Comparison - 12/31/2020

12/31/2020

IN THE MONEY

OUT OF THE MONEY

Floating WSJ Prime

INDEX RATE >200 BP 200-151 BP 150-101 BP 100-51 BP 50-1 BP Total AT CAP 1-50 BP 51-100 BP 101-150 BP 151-200 BP >200 BP Total

NO CAP TOTAL

3.25 0.12

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

149

4,796

16

7 31,559 36,527 40,330 76,857

1 Month LIBOR

--

--

--

--

--

--

1,108 1,108

Total

149

4,796

16

7 31,559 36,527 41,438 77,966

9/30/2020

IN THE MONEY

OUT OF THE MONEY

Floating WSJ Prime

INDEX RATE >200 BP 200-151 BP 150-101 BP 100-51 BP 50-1 BP Total AT CAP 1-50 BP 51-100 BP 101-150 BP 151-200 BP >200 BP Total

NO CAP TOTAL

3.25 0.13

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

4,299

498

4 32,794 37,595 37,907 75,503

1 Month LIBOR

--

--

--

--

--

905 905

Total

4,299

498

4 32,794 37,595 38,812 76,407

3M VARIANCE

IN THE MONEY

OUT OF THE MONEY

Floating WSJ Prime

RATE VAR. >200 BP 200-151 BP 150-101 BP 100-51 BP 50-1 BP Total AT CAP 1-50 BP 51-100 BP 101-150 BP 151-200 BP >200 BP Total

NO CAP TOTAL

0

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

-- -- --

149

497

-482

3

-1,235 -1,068

2,423 1,355 204 204 2,627 1,559

1 Month LIBOR

-0.01

--

--

--

--

--

--

Total

149

497

-482

3

-1,235 -1,068

1. Loans with caps greater than 25% are assumed to have "No Cap". Non-Accrual loans are excluded from the report. 2. Adjustable loans have repricing frequencies greater than 6 months and reprice within 12 months of the model’s as-of-date. 3. Floating Loans have a repricing frequency 1, 3 or 6 months and reprice within 6 months of the model’s as-of-date.

Cloyd Bank & Trust - Page 59