CMS Case Study

August 26, 2021

The Audit Committee of the Board of Directors Cloyd Bank & Trust Greenbow , Alabama

We have completed our internal audit procedures related to Interest Rate Risk (IRR), Asset/Liability Management (ALM), and Liquidity at Cloyd Bank & Trust (the “Bank”). An executive summary, audit scope, and resulting recommendations are contained herein. The procedures performed did not constitute an audit in accordance with generally accepted auditing standards. Accordingly, we express no opinion on any of the items reviewed. Our procedures were performed in conformity with Statements on Standards for Consulting Services of the American Institute of Certified Public Accountants. This report is intended solely for the information and use of Cloyd Bank & Trust and the Bank’s external auditors and regulators and is not intended to be and should not be used by anyone other than those specified parties. Thank you for the opportunity to provide internal audit services to Cloyd Bank & Trust. We hope you find our recommendations of value in managing your organization.

Sincerely,

Carr, Riggs & Ingram, L.L.C. Birmingham, Alabama

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