CMS Case Study

Deposit Pricing & Activity Analysis - 9/30/2020

SHORT TERM RATES as of 11/13/2020 & NON-MATURITY DEPOSIT RATES as of 11/10/2020

MARKET RATES

NOW

SAVINGS

MMDA

CURRENT PRIOR Δ

CURRENT PRIOR Δ

CURRENT PRIOR Δ 0.05% 0.05% 0.00% 0.05% 0.05% 0.00%

CURRENT PRIOR Δ 0.15% 0.15% 0.00% 0.30% 0.30% 0.00% 0.15% 0.15% 0.00%

Cloyd MMDA Low Tier Cloyd MMDA High Tier Business MMDA Low Tier Business MMDA High Tier

Cloyd Savings Business Savings

Fed Funds Target 1 Month LIBOR 1 Month CMT 1 Month FHLB 3 Month LIBOR 3 Month CMT 3 Month FHLB 3 Month Brokered

0.25% 0.25% 0.00% 0.14% 0.16% -0.02% 0.10% 0.09% 0.01% 0.23% 0.22% 0.01% 0.22% 0.25% -0.03% 0.09% 0.09% 0.00% 0.24% 0.24% 0.00% 0.25% 0.25% 0.00% 0.17% 0.26% -0.09%

Prime NOW 23% of Prime

0.75% 0.75% 0.00% 0.05% 0.05% 0.00% 0.05% 0.05% 0.00% 3.00% 3.00% 0.00%

Select NOW

Business NOW

Kasasa up to $15K upon qualification

0.30% 0.30% 0.00%

Money Fund(Taxable Act)

TERM RATES as of 11/13/2020 & TIME DEPOSIT RATES as of 11/10/2020

BANK CD

TREASURY

LIBOR/SWAP

FHLB ATLANTA

BROKERED CD

TERM CURRENT PRIOR Δ

VS  BANK CURRENT PRIOR Δ -0.06% 0.09% 0.09% 0.00% -0.20% 0.10% 0.10% 0.00% 0.11% 0.11% 0.11% 0.00% -0.28% 0.12% 0.11% 0.01% -0.28% 0.17% 0.11% 0.06% -0.27% 0.23% 0.11% 0.12% -0.23% 0.32% 0.16% 0.16% -0.44% 0.41% 0.21% 0.20%

VS  BANK CURRENT PRIOR

Δ

VS  BANK CURRENT PRIOR

Δ

VS  BANK CURRENT PRIOR

Δ

3 Month 6 Month 9 Month 12 Month 18 Month 24 Month 36 Month 48 Month 60 Month

0.15% 0.15% 0.00% 0.30% 0.30% 0.00%

0.07% 0.22% 0.25% -0.03% -0.05% 0.25% 0.31% -0.06% 0.29% 0.29% 0.38% -0.09% -0.06% 0.34% 0.45% -0.11% -0.19% 0.26% 0.18% 0.08% -0.19% 0.31% 0.18% 0.13% -0.17% 0.38% 0.21% 0.17% -0.38% 0.47% 0.25% 0.22%

0.09% 0.24% 0.24% 0.00% -0.05% 0.25% 0.25% 0.00% 0.26% 0.26% 0.26% 0.00% -0.12% 0.28% 0.29% -0.01% -0.06% 0.39% 0.37% 0.02% -0.05% 0.45% 0.42% 0.03% 0.03% 0.58% 0.49% 0.09% -0.17% 0.68% 0.59% 0.09%

0.10% 0.25% 0.25% 0.00% -0.05% 0.25% 0.25% 0.00% 0.30% 0.30% 0.25% 0.05% -0.10% 0.30% 0.25% 0.05% -0.15% 0.30% 0.30% 0.00% -0.10% 0.40% 0.40% 0.00% -0.05% 0.50% 0.55% -0.05% -0.25% 0.60% 0.70% -0.10%

0.40% 0.40% 0.00% 0.45% 0.45% 0.00% 0.45% 0.45% 0.00% 0.50% 0.50% 0.00% 0.55% 0.55% 0.00% 0.85% 0.85% 0.00%

DEPOSIT ACTIVITY DEPOSIT HISTORY

TOTAL TIME DEPOSIT ACTIVITY

600MM

3.60

-$52 1.61%

-$33 1.25%

+$41 0.48%

400MM

2.40

$125 1.40%

$114 0.98%

200MM

1.20

0

0.00

Dec-17

Jun-18

Dec-18

Jun-19

Dec-19

Jun-20

6/30/2020

MATURITIES

NEW

9/30/2020

MATURITIES 10/1/2020 TO 12/31/2020

NMD

TD

NMD Cost

TD Cost

Total Cost

Cloyd Bank & Trust - Page 17