CMS Case Study

Economic Value of Equity (EVE) Summary Graphs and Charts - 3/31/2021

Rate Shock Scenarios

ASSETS

0 Shock

+100BP

+200BP

+300BP

+400BP

-100BP

BOOK

Investments

341,923 396,557 51,872 790,352 -0.63% 571,366 106,973 43,848

349,281 405,362 51,872 806,516

341,857 401,633 51,872 795,362

332,539 393,081 51,872 777,493 -2.25% 564,833 106,083 43,867

322,030 384,298 51,872 758,200 -4.67% 545,550 104,895 43,895

311,511 376,448 51,872 739,831 -6.98% 527,683 103,743 43,895

301,481 368,985 51,872 722,338 -9.18% 511,100 102,625 43,895

Loans

Other Assets Total Assets

% Change from 0 Shock LIABILITIES Non-Maturity Deposits

1.40%

607,823 107,931 42,748

585,676 107,307 43,563

Time Deposits

Borrowings

Other Liabilities Total Liabilities

2,430

2,430

2,430

2,430

2,430

2,430

2,430

724,618 -1.94%

760,932

738,976

717,212 -2.95%

696,770 -5.71%

677,751 -8.29%

660,051 -10.68%

% Change from 0 Shock

2.97%

ECONOMIC VALUE OF EQUITY (EVE)

65,734

45,584

56,386

60,281

61,429

62,080

62,287

EVE % Change from 0 Shock

-19.2% -10.0%

6.9%

8.9%

10.1% -30.0%

10.5% -40.0%

Policy Limits

-10.0%

-20.0%

EVE Ratio (EVE/EVA)

8.3%

5.7% 6.0%

7.1%

7.8% 6.0%

8.1% 6.0%

8.4% 6.0%

8.6% 6.0%

Policy Limits

EVE Ratio BP Change from 0 Shock

-144

66

101

130

153

EVE % Change from 0 Shock

EVE Ratio (EVE/EVA)

EVE Ratio BP Change from 0 Shock

10.0%

20.0%

200

7.5%

0.0%

100

5.0%

-20.0%

0

2.5%

-40.0%

-100

0.0%

-60.0%

-200

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 29