CMS Case Study

5 Year NII Simulation - 12M Ramps - 6/30/2021

Base Simulation as of 06/30/2021

Base Simulation as of 03/31/2021

Quarterly Net Interest Income (NII) Projections

Quarterly Net Interest Income (NII) Projections

6,500

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

5,750

5,000

4,250

3,500

2,750

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

20,922 19,621 20,366 21,256 22,091 20,721 18,315 17,466 16,771 16,410 20,375 17,091 15,676 14,693 14,156

342 -677 -754 -745 -758 20,580 20,298 21,120 22,001 22,850

742

3

-48

-84 -147 19,980 18,312 17,513 16,855 16,557

BASE

DOWN 100BP 641 -311 -434 -446 -467 19,734 17,402 16,110 15,139 14,623 DIFFERENCE 1. This quarter's NII model includes $22MM of PPP loans of which 90% will be forgiven in Q3/Q4 2021, with the remaining 10% amortized off evenly over the following 6 months. Accordingly, 100% of PPP loan cash flows are assumed to be parked in short-term cash (@ 0.15%). 2. The NII model also includes PPP fee income totaling $1.3MM (following the same schedule as PPP forgiveness).

Cloyd Bank & Trust - Page 20