CMS Case Study

Cloyd Bank & Trust as of 9/30/2021

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Section I ‐ Executive Summary Current Position Assessment

Section IV ‐ Strategy Development Strategy Formulation Summary of Potential Strategies

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Executive Risk Summary

Balance Sheet Mix

Alt. NOW Prime Betas Deposit Pricing Lag

Historical Balance Sheet & NII Inventory of Liquidity Resources

Economic Value of Equity ﴾EVE﴿ ‐ Removal of Functional Costs Economic Value of Equity ﴾EVE﴿ ‐ Removal of Functional Costs & NMD Avg. Life Ext.

Capital Analysis

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Section II ‐ Liquidity & Cash Flow Analysis Basic Surplus Report

Section V ‐ Stress Test Analysis

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Deposit Sensitivity Stress Methodology Stress Test: Non‐Maturity Deposit Migration Stress Test: Alternative Non‐Maturity Deposit Betas Stress Test: Alternative Time Deposit Sensitivity

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Liquidity Projection Investment Cash Flows

Loan Cash Flows

Wholesale Funding Maturities

Time Deposit Migration

Appendix

Deposit Pricing & Activity Analysis

Derivatives Market Indications

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Market Rate Summary

Section III ‐ Interest Rate Risk 2 Year Net Interest Income ﴾NII﴿ Simulation ‐ 12M Ramps

NII Reconciliation

Summary of Simulation Assumption Methodologies

5 Year NII Simulation ‐ 12M Ramps

Summary of Rates

5 Year NII Simulation ‐ 12M Ramps YOY Comparison 5 Year NII Simulation ‐ Alt. Ramp Scenarios 5 Year NII Simulation ‐ Alt. Ramp Scenarios Cont. 5 Year NII Simulation ‐ Rising & Falling Rate Ramp Scenarios 5 Year NII Simulation ‐ Alt. Delayed Ramp Scenarios

Loan Cap Report 3m Comparison Loan Cap Report 12m Comparison Loan Floor Report 3m Comparison Loan Floor Report 12m Comparison Detailed Simulation Assumptions

5 Year NII Simulation ‐ Parallel Shock Scenarios 2 Year Net Income ﴾NI﴿ Simulation ‐ 12M Ramps

Balance Sheet Comparison

Yield Curve Assumptions

Economic Value of Equity ﴾EVE﴿ Summary Graphs and Charts

Core Funding Utilization

Funding Matrix

Disclaimer The information contained herein consists of data supplied by various third parties, and by the institution itself. While Darling Consulting Group ﴾DCG﴿ obtains the data from sources we believe to be reliable, we do not guarantee its accuracy. It is the responsibility of the user to independently verify all information contained in the report.

Static Gap