CASH 2018 Special Proxy Statement

The change in interest due to both volume and rate has been allocated to volume and rate changes in proportion to the relationship of the absolute dollar amounts of the change in each. Net Interest Income and Margin Analysis (dollars in thousands) Years Ended December 31, 2017 2016 Change From 2016 to 2017 Assets: Average Balance Interest Yield/ Rate % Average Balance Interest Yield/ Rate % Total Change Change Due to Volume Change Due to Rate Cash and cash equivalents . . . . . . . . . . . $ 74,336 $ 428 0.58% $ 64,317 $ 118 0.18% $ 310 $ 58 $ 252 Securities available for sale (2) . . . . . . . . 25,565 443 1.73% 21,736 362 1.67% 81 66 15 Commercial and consumer loans (1) . . . 331,160 38,995 11.78% 292,548 31,276 10.69% 7,719 4,547 3,172 Factoring receivables (1) . . . . . . . . . . . . 284,317 43,021 15.13% 229,669 34,949 15.22% 8,072 8,269 (197) Leases . . . . . . . . . . . . . . . . . . . . . . . . . . 156,548 12,282 7.85% 90,203 7,216 8.00% 5,066 5,205 (139) Total interest-earning assets . . . . . . . . . 871,926 95,169 10.91% 698,473 73,921 10.58% 21,248 18,145 3,103 Non interest-earning assets . . . . . . . . . . $ 151,547 $143,734 Total Assets . . . . . . . . . . . . . . . . . . . . . . $1,023,473 $842,207 Liabilities and Shareholders’ Equity Certificates of deposits - originated . . . $ 647,229 $ 8,579 1.33% $537,299 $ 5,513 1.03% $ 3,066 $ 1,457 $1,609 Certificates of deposits - brokered . . . . 205,056 2,438 1.19% 155,502 1,314 0.85% 1,124 589 535 Federal funds purchased . . . . . . . . . . . . 2,466 8 0.32% 352 6 1.70% 2 7 (5) Subordinated debt . . . . . . . . . . . . . . . . . 3,601 151 4.19% 4,046 155 3.83% (4) (19) 15 Non-recourse notes payable . . . . . . . . . 28,545 992 3.48% 24,383 861 3.53% 131 145 (14) Other borrowings . . . . . . . . . . . . . . . . . 6,277 332 5.29% — 103 229 332 (103) Total interest-bearing liabilities . . . . . . 893,174 12,500 1.40% 721,582 7,952 1.10% 4,548 2,511 2,037 Other liabilities . . . . . . . . . . . . . . . . . . . 35,603 33,606 Shareholders’ equity . . . . . . . . . . . . . . . 94,696 87,019 Total liabilities & shareholders’ equity . $1,023,473 $842,207 Net interest income/interest rate spread . . . . . . . . . . . . . . . . . . . . . . . . $82,669 9.51% $65,969 9.48% $16,700 $15,634 $1,066 Net interest margin (3) . . . . . . . . . . . . . . 9.48% 9.44% Notes: (1) For the purpose of the computation of loans and factoring receivables, nonaccrual loans and leases are included in the average balances outstanding. (2) Tax-exempt interest income is insignificant. (3) Net interest margin is computed taking net interest income divided by average interest earning assets. 113