CMS Case Study

Stress Test: EVE - 50% Decreased Average Life on Non-Maturity Deposits - 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% 707,404 99,197 64,507

434,066 406,268 58,662 898,996 -7.08% 694,588 98,038 64,550

409,049 396,284 58,662 863,995 -10.70% 682,368 96,912 64,594

385,100 386,826 58,662 830,588 -14.15% 670,702 95,817 64,594

Loans

Other Assets Total Assets

% Change from 0 Shock LIABILITIES Non-Maturity Deposits

2.54%

735,675 101,316 63,150

720,857 100,389 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 -1.21%

904,556

889,924

875,522 -1.62%

861,592 -3.18%

848,289 -4.68%

835,528 -6.11%

% Change from 0 Shock

1.64%

ECONOMIC VALUE OF EQUITY (EVE)

85,663

87,495

77,584

59,244

37,404

15,706

-4,940

EVE % Change from 0 Shock

12.8% -10.0%

-23.6% -10.0%

-51.8% -20.0%

-79.8% -30.0%

-106.4%

Policy Limits

-40.0%

EVE Ratio (EVE/EVA)

8.9%

8.8% 6.0%

8.0%

6.3% 6.0%

4.2% 6.0%

1.8% 6.0%

-0.6%

Policy Limits

6.0%

EVE Ratio BP Change from 0 Shock

80

-168

-386

-620

-861

EVE % Change from 0 Shock

EVE Ratio (EVE/EVA)

EVE Ratio BP Change from 0 Shock

10.0%

50.0%

250

7.5%

0

0.0%

5.0%

-250

-50.0%

2.5%

-500

0.0%

-100.0%

-750

-2.5%

-150.0%

-1,000

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

-100BP

0 Shock

+100BP

+200BP

+300BP

+400BP

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

Policy Limit

1. The average life of non-maturity deposits is decreased by 50%. 2. Please refer to the Stress Test Methodology page for additional documentation.

Cloyd Bank & Trust - Page 46