CMS Case Study

Deposit Pricing Lag - 9/30/2021

Deposit Pricing Lag

Base Simulation as of 09/30/2021

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

Up 200BP 24M Flat Up 200BP

Up 200BP

Base

Up 200BP 24M Flat Up 200BP

Up 200BP

Base

NII RESULTS

Y1

Y2

Y3

Y4

Y5

Y1

Y2

Y3

Y4

Y5

Y1

Y2

Y3

Y4

Y5

UP 200BP 24M FLAT UP 200BP

21,931 21,635 22,118 22,778 23,927 21,862 20,758 20,970 21,830 22,641 22,016 21,321 21,922 23,154 24,323 21,499 20,401 19,800 19,416 19,297

467 1,086

949

196

4 21,464 20,549 21,169 22,582 23,923 0 21,014 20,235 20,948 21,830 22,641 0 21,172 20,805 21,900 23,154 24,323 0 21,499 20,401 19,800 19,416 19,297

848 844

523 516

22 22

0 0 0

UP 200BP

0

0

0

BASE

DIFFERENCE

1. Alt. simulation assumes deposit pricing increases have a 6 month lag.

Cloyd Bank & Trust - Page 39