CMS Case Study

Sub Activity Removal - 03/31/2021

Sub Activity Removal

Base Simulation as of 03/31/2021

Quarterly Net Interest Income (NII) Projections

Quarterly Net Interest Income (NII) Projections

6,575

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

5,800

5,025

4,250

3,475

2,700

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

Up 200BP

Base

Down 100BP

Up 200BP

Base

Down 100BP

NII RESULTS

Y1

Y2

Y3

Y4

Y5

Y1

Y2

Y3

Y4

Y5

Y1

Y2

Y3

Y4

Y5

UP 200BP

20,216 20,530 21,244 22,016 22,768

-364

232

124

15

-81 20,580 20,298 21,120 22,001 22,850

18,942 17,274 16,476 15,817 15,519 -1,038 -1,038 -1,038 -1,038 -1,038 19,980 18,312 17,513 16,855 16,557 18,714 16,496 15,321 14,432 13,973 -1,020 -906 -789 -707 -650 19,734 17,402 16,110 15,139 14,623 DIFFERENCE

BASE

DOWN 100BP

1. Alt. simulation assumes $75MM in bond purchase (made/modeled subsequent to qtr-end) is removed.

Cloyd Bank & Trust - Page 39