CMS Case Study

5 Year NII Simulation - Rising & Falling Rate Ramp Scenarios - 9/30/2021

Rising Rate Scenarios as of 09/30/2021

Falling Rate Scenarios as of 09/30/2021

Quarterly Net Interest Income (NII) Projections

Quarterly Net Interest Income (NII) Projections

8,125

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

7,075

6,025

4,975

3,925

2,875

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 400BP 24M Flat Up 200BP

Up 200BP 24M Up 200BP

Base

Base

Down 100BP

NII RESULTS

YEAR 1 21,252 21,014 21,464 21,172 21,499

YEAR 2 20,227 20,235 20,549 20,805 20,401

YEAR 3 21,724 20,948 21,169 21,900 19,800

YEAR 4 24,687 21,830 22,582 23,154 19,416

YEAR 5 27,324 22,641 23,923 24,323 19,297

YEAR 1 21,499 21,012

YEAR 2 20,401 18,626

YEAR 3 19,800 17,207

YEAR 4 19,416 16,309

YEAR 5

UP 400BP 24M FLAT UP 200BP UP 200BP 24M

19,297 15,825

BASE

DOWN 100BP

UP 200BP

BASE

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