CMS Case Study

Economic Value of Equity (EVE) Summary Graphs and Charts - 9/30/2021

Rate Shock Scenarios

ASSETS

0 Shock

+100BP

+200BP

+300BP

+400BP

-100BP

BOOK

Investments

445,239 395,619 55,974 896,832 -0.50% 663,677 102,141 46,929

460,294 404,612 55,974 920,879

445,149 400,219 55,974 901,341

424,722 390,986 55,974 871,682 -3.29% 655,238 101,153 46,929

401,969 381,253 55,974 839,196 -6.89% 632,991 100,019 46,929

379,155 372,486 55,974 807,615 -10.40% 612,383 98,918 46,929

357,390 364,182 55,974 777,545 -13.73% 593,262 97,848 46,929

Loans

Other Assets Total Assets

% Change from 0 Shock LIABILITIES Non-Maturity Deposits

2.17%

706,709 102,961 46,929

679,293 102,319 46,929

Time Deposits

Borrowings

Other Liabilities Total Liabilities

3,692

3,692

3,692

3,692

3,692

3,692

3,692

816,439 -1.90%

860,290

832,233

807,012 -3.03%

783,631 -5.84%

761,922 -8.45%

741,731 -10.87%

% Change from 0 Shock

3.37%

ECONOMIC VALUE OF EQUITY (EVE)

80,393

60,589

69,108

64,670

55,565

45,694

35,814

EVE % Change from 0 Shock

-12.3% -10.0%

-6.4% -10.0%

-19.6% -20.0%

-33.9% -30.0%

-48.2% -40.0%

Policy Limits

EVE Ratio (EVE/EVA)

9.0%

6.6% 6.0%

7.7%

7.4% 6.0%

6.6% 6.0%

5.7% 6.0%

4.6% 6.0%

Policy Limits

EVE Ratio BP Change from 0 Shock

-109

-25

-105

-201

-306

EVE % Change from 0 Shock

EVE Ratio (EVE/EVA)

EVE Ratio BP Change from 0 Shock

10.0%

0.0%

0

7.5%

-100

-20.0%

5.0%

-200

2.5%

-40.0%

-300

0.0%

-60.0%

-400

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