Asset Liability Interest Rate RiskPolicy

The Purpose of this is to document the Bank’s ALCO Program to include:

• Authority for Asset/Liability Management
• Primary Objectives of Asset/Liability Management
• Duties of ALCO
• Membership of Committee
• ALCO Meetings and Reporting Requirements
• Liquidity and Funds Management
• Interest Rate Risk Management (“IRR”)
• Related Policies and Procedures
• Annual Budget
• Financial Performance Objectives
• Compliance with Banking Laws & Regulations
• Independent Review of Interest Rate Risk Management Process