CMS Case Study

5 Year NII Simulation - Alt. Delayed Ramp Scenarios - 6/30/2021

Alternative Parallel Up 200BP Scenario

Alternative Flat Up 200BP Scenario

Quarterly Net Interest Income (NII) Projections

Quarterly Net Interest Income (NII) Projections

6,275

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

5,725

5,175

4,625

4,075

3,525

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 20,721 20,922 20,721

YEAR 2 18,315 19,621 18,315

YEAR 3 17,821 20,366 17,466

YEAR 4 18,604 21,256 16,771

YEAR 5 20,133 22,091 16,410

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

DELAYED UP 200BP

DELAYED FLAT UP 200BP FLAT UP 200BP

20,721

18,315

17,727

18,228

19,506

UP 200BP

20,813 20,721

19,287 18,315

19,839 17,466

20,538 16,771

21,190 16,410

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