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	BALANCE SHEET
	Commercial Bank — Projected ($mm)
		FY2024	FY2025	FY2026	FY2027	FY2028	FY2029	FY2030	FY2031	FY2032	FY2033	FY2034	FY2035
	ASSETS
	Gross Loans	$17,500	$18,550	$19,570	$20,647	$21,782	$22,980	$24,244	$25,578	$26,984	$28,468	$30,034	$31,686
	Less: ALLL	($219)	($232)	($235)	($248)	($261)	($276)	($291)	($307)	($324)	($342)	($360)	($380)
	Securities	$3,500	$3,640	$3,767	$3,899	$4,036	$4,177	$4,323	$4,474	$4,631	$4,793	$4,961	$5,135
	Cash & Equivalents	$2,200	$2,050	$1,772	$1,647	$1,621	$1,807	$2,433	$3,952	$7,276	$14,225	$28,445	$57,225
	Other Assets	$519	$542	$558	$575	$592	$610	$628	$647	$667	$687	$707	$728
	Total Assets	$23,500	$24,550	$25,433	$26,520	$27,770	$29,299	$31,338	$34,345	$39,234	$47,832	$63,787	$94,394
	LIABILITIES
	Demand Deposits	$5,400	$5,670	$5,530	$5,779	$6,039	$6,311	$6,595	$6,892	$7,202	$7,526	$7,864	$8,218
	Savings / Money Market	$7,200	$7,560	$8,295	$8,668	$9,059	$9,466	$9,892	$10,337	$10,803	$11,289	$11,797	$12,327
	Time Deposits	$5,400	$5,670	$5,925	$6,192	$6,470	$6,762	$7,066	$7,384	$7,716	$8,063	$8,426	$8,805
	Total Deposits	$18,000	$18,900	$19,751	$20,639	$21,568	$22,539	$23,553	$24,613	$25,720	$26,878	$28,087	$29,351
	Other Borrowings	$2,000	$2,060	$2,112	$2,164	$2,218	$2,274	$2,331	$2,389	$2,449	$2,510	$2,573	$2,637
	Other Liabilities	$300	$320	$330	$339	$350	$360	$371	$382	$394	$405	$418	$430
	Total Liabilities	$20,300	$21,280	$22,192	$23,143	$24,136	$25,173	$26,255	$27,384	$28,563	$29,793	$31,077	$32,418
	EQUITY
	CET1 Capital	$2,200	$2,200	$2,200	$2,200	$2,200	$2,200	$2,200	$2,200	$2,200	$2,200	$2,200	$2,200
	AT1 Capital	$300	$300	$300	$300	$300	$300	$300	$300	$300	$300	$300	$300
	AOCI	($100)	($100)	($100)	($100)	($100)	($100)	($100)	($100)	($100)	($100)	($100)	($100)
	Retained Earnings	$600	$770	$842	$977	$1,234	$1,726	$2,683	$4,561	$8,272	$15,639	$30,310	$59,576
	Total Equity	$3,200	$3,270	$3,242	$3,377	$3,634	$4,126	$5,083	$6,961	$10,672	$18,039	$32,710	$61,976
	Total Liabilities & Equity	$23,500	$24,550	$25,433	$26,520	$27,770	$29,299	$31,338	$34,345	$39,234	$47,832	$63,787	$94,394
	Balance Check (Assets - L&E)	-	-	-	-	-	-	-	-	-	-	-	-
	KEY RATIOS
	Loan / Deposit Ratio	97.2%	98.1%	99.1%	100.0%	101.0%	102.0%	102.9%	103.9%	104.9%	105.9%	106.9%	108.0%
	Equity / Assets	13.6%	13.3%	12.7%	12.7%	13.1%	14.1%	16.2%	20.3%	27.2%	37.7%	51.3%	65.7%
	Leverage Ratio	7.3x	7.5x	7.8x	7.9x	7.6x	7.1x	6.2x	4.9x	3.7x	2.7x	2.0x	1.5x
	ALLL / Gross Loans	1.25%	1.25%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%	1.20%