CMS Case Study

5 Year NII Simulation - Alt. Delayed Ramp Scenarios - 3/31/2021

Alternative Parallel Up 200BP Scenario

Alternative Flat Up 200 Scenario

Quarterly Net Interest Income (NII) Projections

Quarterly Net Interest Income (NII) Projections

6,325

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

5,775

5,225

4,675

4,125

3,575

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Delayed Up 200BP

Up 200BP

Base

Delayed Flat Up 200BP

Flat Up 200BP

Base

NII RESULTS

YEAR 1 19,980 20,580 19,980

YEAR 2 18,312 20,298 18,312

YEAR 3 18,243 21,120 17,513

YEAR 4 19,396 22,001 16,855

YEAR 5 20,960 22,850 16,557

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

DELAYED UP 200BP

DELAYED FLAT UP 200BP FLAT UP 200BP

19,980

18,312

18,229

19,369

20,975

UP 200BP

20,491 19,980

20,138 18,312

21,015 17,513

21,963 16,855

22,843 16,557

BASE

BASE

1. In the Delayed Up 200BP scenario, market rate movements are delayed by 24 months and then ramp up 200BP in year three. 2. In the Delayed Flat Up 200BP scenario, market rate movements are delayed 24 months and ramp up in year three.

Cloyd Bank & Trust - Page 25