CMS Case Study

Stress Test: EVE - Remove Functional Costs on 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% 635,387 98,957 64,507

434,066 406,268 58,662 898,996 -7.08% 614,197 97,801 64,550

409,049 396,284 58,662 863,995 -10.70% 594,588 96,678 64,594

385,100 386,826 58,662 830,588 -14.15% 576,413 95,586 64,594

Loans

Other Assets Total Assets

% Change from 0 Shock LIABILITIES Non-Maturity Deposits

2.54%

687,578 101,070 63,150

658,323 100,145 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

856,213

827,146

803,265 -2.89%

780,963 -5.58%

760,275 -8.08%

741,008 -10.41%

% Change from 0 Shock

6.29%

3.51%

ECONOMIC VALUE OF EQUITY (EVE)

85,663

135,838

140,362

131,501

118,033

103,720

89,580

EVE % Change from 0 Shock

-3.2% -10.0%

-6.3% -10.0%

-15.9% -20.0%

-26.1% -30.0%

-36.2% -40.0%

Policy Limits

EVE Ratio (EVE/EVA)

8.9%

13.7%

14.5%

14.1%

13.1%

12.0%

10.8%

Policy Limits

6.0%

6.0%

6.0%

6.0%

6.0%

EVE Ratio BP Change from 0 Shock

-81

-44

-138

-250

-372

EVE % Change from 0 Shock

EVE Ratio (EVE/EVA)

EVE Ratio BP Change from 0 Shock

20.0%

0.0%

0

-10.0%

15.0%

-100

-20.0%

10.0%

-200

-30.0%

5.0%

-300

-40.0%

0.0%

-50.0%

-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

1. Remove functional costs on all retail deposits. 2. Please refer to the Stress Test Methodology page for additional documentation.

Cloyd Bank & Trust - Page 47