CMS Case Study

Alt. NOW Prime Betas - 9/30/2021

Alt. NOW Prime Betas

Base Simulation as of 09/30/2021

Quarterly Net Interest Income (NII) Projections

Quarterly Net Interest Income (NII) Projections

6,925

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

YEAR 1

YEAR 2

YEAR 3

YEAR 4

YEAR 5

6,175

5,425

4,675

3,925

3,175

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 24M Flat Up 200BP

Up 200BP

Base

Down 100BP

Up 200BP 24M Flat Up 200BP

Up 200BP

Base

Down 100BP

NII RESULTS

Y1

Y2

Y3

Y4

Y5

Y1

Y2

Y3

Y4

Y5

Y1

Y2

Y3

Y4

Y5

UP 200BP 24M FLAT UP 200BP

21,313 20,118 20,610 22,024 23,365 20,711 19,677 20,389 21,272 22,082 20,869 20,246 21,341 22,596 23,764 21,499 20,401 19,800 19,416 19,297 21,188 18,875 17,456 16,558 16,074

-152 -431 -559 -558 -558 21,464 20,549 21,169 22,582 23,923 -303 -558 -559 -558 -558 21,014 20,235 20,948 21,830 22,641 -303 -558 -559 -558 -558 21,172 20,805 21,900 23,154 24,323

UP 200BP

0

0

0

0

0 21,499 20,401 19,800 19,416 19,297 249 21,012 18,626 17,207 16,309 15,825

BASE

DOWN 100BP

175

249

249

249

DIFFERENCE 1. Alt. simulation assumes NOW Cloyd Prime accounts increase by 50bps in rising rates i.e. a 25% beta (Base model assumes they are indexed to Prime and only move 4-9% of Prime or 8-18bps increase).

Cloyd Bank & Trust - Page 38