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| DEPOSIT ANALYSIS | |||||||||||||
| Commercial Bank — Funding Structure ($mm) | |||||||||||||
| FY2024 | FY2025 | FY2026 | FY2027 | FY2028 | FY2029 | FY2030 | FY2031 | FY2032 | FY2033 | FY2034 | FY2035 | ||
| DEPOSIT BALANCES | |||||||||||||
| Demand Deposits (Non-Interest) | $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 | |
| DEPOSIT MIX (%) | |||||||||||||
| Demand % | 30.0% | 30.0% | 28.0% | 28.0% | 28.0% | 28.0% | 28.0% | 28.0% | 28.0% | 28.0% | 28.0% | 28.0% | |
| Savings/MM % | 40.0% | 40.0% | 42.0% | 42.0% | 42.0% | 42.0% | 42.0% | 42.0% | 42.0% | 42.0% | 42.0% | 42.0% | |
| Time % | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | |
| Total | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| COST OF DEPOSITS | |||||||||||||
| Interest Expense - Deposits | $285 | $310 | $342 | $357 | $373 | $390 | $408 | $426 | $445 | $465 | $486 | $508 | |
| Avg Cost of Deposits | 1.58% | 1.64% | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% | |
| Deposit Beta (implied) | |||||||||||||
| DEPOSIT GROWTH | |||||||||||||
| YoY Deposit Growth ($mm) | $900 | $851 | $889 | $929 | $971 | $1,014 | $1,060 | $1,108 | $1,157 | $1,209 | $1,264 | ||
| YoY Deposit Growth (%) | 5.0% | 4.5% | 4.5% | 4.5% | 4.5% | 4.5% | 4.5% | 4.5% | 4.5% | 4.5% | 4.5% | ||
| Loan-to-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% | |
| Note: Deposit mix from Assumptions sheet. Cost of deposits derived from IS / BS balances. | |||||||||||||