CMS Case Study

Alternative EVE Graph - 50% Decreased Average Life on Non-Maturity Deposits - 12/31/2020

Rate Shock Scenarios

ASSETS

0 Shock

+100BP

+200BP

+300BP

+400BP

-100BP

BOOK

Investments

263,690 405,939 50,239 719,869 -0.80% 495,426 111,654 41,996

267,808 412,722 50,239 730,770

263,836 411,621 50,239 725,697

258,734 403,547 50,239 712,521 -1.82% 502,593 111,096 42,015

251,825 395,201 50,239 697,265 -3.92% 493,084 109,914 42,041

244,196 387,592 50,239 682,028 -6.02% 484,024 108,766 42,067

236,583 380,352 50,239 667,175 -8.06% 475,380 107,652 42,067

Loans

Other Assets Total Assets

% Change from 0 Shock LIABILITIES Non-Maturity Deposits

0.70%

517,957 112,630 40,317

512,582 112,314 41,552

Time Deposits

Borrowings

Other Liabilities Total Liabilities

4,347

4,347

4,347

4,347

4,347

4,347

4,347

653,422 -2.59%

675,250

670,795

660,050 -1.60%

649,385 -3.19%

639,203 -4.71%

629,446 -6.16%

% Change from 0 Shock

0.66%

ECONOMIC VALUE OF EQUITY (EVE)

66,446

55,520

54,902

52,471

47,880

42,825

37,729

EVE % Change from 0 Shock

1.1%

-4.4% -10.0%

-12.8% -20.0%

-22.0% -30.0%

-31.3% -40.0%

Policy Limits

-10.0%

EVE Ratio (EVE/EVA)

9.2%

7.6% 6.0%

7.6%

7.4% 6.0%

6.9% 6.0%

6.3% 6.0%

5.7% 6.0%

Policy Limits

EVE Ratio BP Change from 0 Shock

3

-20

-70

-129

-191

EVE % Change from 0 Shock

EVE Ratio (EVE/EVA)

EVE Ratio BP Change from 0 Shock

10.0%

10.0%

50

0.0%

0

7.5%

-10.0%

-50

5.0%

-20.0%

-100

2.5%

-30.0%

-150

-40.0%

-200

0.0%

-50.0%

-250

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 44