CMS Case Study

Economic Value of Equity (EVE) Summary Graphs and Charts - 9/30/2020

Rate Shock Scenarios

ASSETS

0 Shock

+100BP

+200BP

+300BP

+400BP

-100BP

BOOK

Investments

234,112 402,243 49,736 686,092 -0.90% 455,936 114,469 46,321

237,766 408,892 49,736 696,394

234,214 408,343 49,736 692,294

230,584 400,493 49,736 680,814 -1.66% 462,867 114,115 46,321

225,041 392,335 49,736 667,112 -3.64% 447,046 113,108 46,321

218,183 385,031 49,736 652,950 -5.68% 432,399 112,126 46,321

210,959 378,082 49,736 638,777 -7.73% 418,817 111,168 46,321

Loans

Other Assets Total Assets

% Change from 0 Shock LIABILITIES Non-Maturity Deposits

0.59%

494,353 115,374 46,321

479,983 115,149 46,321

Time Deposits

Borrowings

Other Liabilities Total Liabilities

3,556

3,556

3,556

3,556

3,556

3,556

3,556

620,283 -3.83%

659,604

645,009

626,859 -2.81%

610,031 -5.42%

594,401 -7.85%

579,861 -10.10%

% Change from 0 Shock

2.26%

ECONOMIC VALUE OF EQUITY (EVE)

65,809

36,791

47,284

53,955

57,081

58,548

58,916

EVE % Change from 0 Shock

-22.2% -10.0%

14.1% -10.0%

20.7% -20.0%

23.8% -30.0%

24.6% -40.0%

Policy Limits

EVE Ratio (EVE/EVA)

9.6%

5.3% 6.0%

6.8%

7.9% 6.0%

8.6% 6.0%

9.0% 6.0%

9.2% 6.0%

Policy Limits

EVE Ratio BP Change from 0 Shock

-155

109

173

214

239

EVE % Change from 0 Shock

EVE Ratio (EVE/EVA)

EVE Ratio BP Change from 0 Shock

10.0%

50.0%

300

200

7.5%

25.0%

100

5.0%

0.0%

0

2.5%

-25.0%

-100

0.0%

-50.0%

-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 1. PPP related deposits are assumed to have an 8 month average life.

Cloyd Bank & Trust - Page 30