BAS Presentations - March 2023

3/1/2023

Doritos Bank Invested Heavily in Long-Term Bonds…

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Which Resulted in a Mismatched Balance Sheet Structure

Asset Structure:

Extremely long ‐ term (national outlier)

Funding Structure: Short ‐ term time CDs and immediately re ‐ priceable non ‐ maturity deposits (savings and money market accounts) are fairly sensitive to interest rate changes due to intense local competition.

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