CMS Case Study

5 Year NII Simulation - Alt. Delayed Ramp Scenarios - 9/30/2021

Alternative Parallel Up 200BP Scenario

Alternative Flat Up 200BP Scenario

Quarterly Net Interest Income (NII) Projections

Quarterly Net Interest Income (NII) Projections

6,725

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

6,250

5,775

5,300

4,825

4,350

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 21,568 21,172 21,499

YEAR 2 20,484 20,805 20,401

YEAR 3 19,719 21,900 19,800

YEAR 4 20,579 23,154 19,416

YEAR 5 22,422 24,323 19,297

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

DELAYED UP 200BP

DELAYED FLAT UP 200BP FLAT UP 200BP

21,568

20,484

19,548

19,855

21,193

UP 200BP

21,014 21,499

20,235 20,401

20,948 19,800

21,830 19,416

22,641 19,297

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