CMS Case Study

Economic Value of Equity (EVE) Summary Graphs and Charts - 12/31/2021

Rate Shock Scenarios as of 12/31/2021

ASSETS

0 Shock

+100BP

+200BP

+300BP

+400BP

-100BP

BOOK

Investments

480,911 425,286 58,662 964,860 -0.27% 709,653 100,664 64,465

498,109 435,279 58,662 992,051

481,014 427,832 58,662 967,508

458,731 417,373 58,662 934,766 -3.38% 694,259 99,197 64,507

434,066 406,268 58,662 898,996 -7.08% 670,798 98,038 64,550

409,049 396,284 58,662 863,995 -10.70% 649,069 96,912 64,594

385,100 386,826 58,662 830,588 -14.15% 628,912 95,817 64,594

Loans

Other Assets Total Assets

% Change from 0 Shock LIABILITIES Non-Maturity Deposits

2.54%

751,374 101,316 63,150

719,629 100,389 64,263

Time Deposits

Borrowings

Other Liabilities Total Liabilities

4,414

4,414

4,414

4,414

4,414

4,414

4,414

879,197 -1.07%

920,255

888,696

862,378 -2.96%

837,802 -5.73%

814,990 -8.29%

793,738 -10.69%

% Change from 0 Shock

3.55%

ECONOMIC VALUE OF EQUITY (EVE)

85,663

71,795

78,811

72,388

61,194

49,005

36,850

EVE % Change from 0 Shock

-8.9% -10.0%

-8.1% -10.0%

-22.4% -20.0%

-37.8% -30.0%

-53.2% -40.0%

Policy Limits

EVE Ratio (EVE/EVA)

8.9%

7.2% 6.0%

8.1%

7.7% 6.0%

6.8% 6.0%

5.7% 6.0%

4.4% 6.0%

Policy Limits

EVE Ratio BP Change from 0 Shock

-91

-40

-134

-247

-371

EVE % Change from 0 Shock

EVE Ratio (EVE/EVA)

EVE Ratio BP Change from 0 Shock

10.0%

0.0%

0

7.5%

-100

-20.0%

5.0%

-200

2.5%

-40.0%

-300

0.0%

-60.0%

-400

Policy Limit -100BP +100BP +200BP +300BP +400BP

-100BP

0 Shock

+100BP

+200BP

+300BP

+400BP

-100BP +100BP +200BP +300BP +400BP

Policy Limit

*The average life on non-maturity deposits is assumed to be 5 years

Cloyd Bank & Trust - Page 28