Nicole Stokes: Sure. So I’ll tell you that we’ve got, about $5.4 million of our loans that are going to reprice in the next three months or less and that was at like a $7.7 million. So there’s definitely some room for that to move up and then kind of in the three months to 12-month window we’ve got another $1 billion line and that’s kind of at an 8%, 8.5%. So there’s a little bit of room there and then, that’s really kind of over the next four quarters where you can see some of that coming in on the asset side that should certainly help offset the deposit side, which is why kind of a margin guidance as outside of competition and that noninterest-bearing move mix change we really should kind of see that margin stabilizing over the next, two quarters or so.
Brandon King: Okay, very helpful. And then on deposits, I know, we talked a lot about the mix change between non-interest bearing to interest bearing, but what about within interest bearing? I noticed interest checking were little lower quarter-over-quarter. Are you seeing any mix change within your interest-bearing deposit accounts as like people move into — to more towards money market or CDs?
Nicole Stokes: No, those have been fairly consistent. And I will say the one thing that we will have coming in the fourth quarter is those that cyclical public funds that comes in kind of in the fourth quarter. We have no reason to think that that’s not going to come in again this quarter, that’s typically about 15% noninterest-bearing and about 85% interest-bearing typically all in money market and now. So you may actually see a little shift in the fourth quarter from a blend there but those are that cyclical money — public fund money that comes in.
Brandon King: Okay. And how are you thinking about broker deposits from here? Do you have any upcoming maturity, then do you think you can move that down over the next couple of quarters?
Nicole Stokes: So we have our brokered CDs in our FHLB advances kind of staggered. And then again, some of that will change kind of temporarily in the fourth quarter and first quarter as we see those public funds come in so that we positioned ourselves well to be able to manage the margins and not have a lot of that excess borrowings or brokered out there. So I think we’ll be okay there. We certainly continue to like to work from a ROA and margin perspective between FHLB advances and brokered CDs. We have ample liquidity, ample availability of both of those places. So we like to look at it from a — from kind of a ROA margin perspective is which way we would go if we need it. But, potentially in the fourth quarter as those public assignment money comes in and you could see some of those pays that down. But just remember this when it comes back, second quarter when the public fund money runs back out will kind of offset that way.
Brandon King: Okay. Makes sense. That’s all I had. Thanks for taking my questions
Nicole Stokes: Great. Thank you, Brandon.
Operator: Ladies and gentlemen, that will conclude our question-and-answer session. I’d like to turn the floor back over to Palmer Proctor, our CEO, for any closing remarks.
Palmer Proctor: Great. Thank you very much. And I’d like to thank everyone again for listening to our third-quarter earnings call. Our focus, as you can tell, remains on the things that we can control, which include core profitability, capital growth, and our controlled asset growth and this is what continues to position us well for the future. So thank you for your time and your interest in Ameris Bank.
Operator: Ladies and gentlemen, the conference has now concluded. We thank you for joining today’s presentation. You may now disconnect your lines.
