Jason Estes : Yes, it was a great quarter in that regard and I think you’re going to see us return to our historical levels throughout this year, maybe bleeding into the first quarter of next year. As you know, there’s some litigation going on with that large energy credit. So we don’t really want to add much to that other than there is going to be an end to that thing at some point. We feel really comfortable with the provision we’ve made in the $2 million specific reserve we still have out there. We think that as of today, right now, that’s we fully accounted for through the income statement. And so that’s also a nice thing to have behind us. And credit-wise, knock on wood, everything just lined up really well here and really looking forward to moving past that issue.
But in the meantime, the book is performing really, I would say, it’s exceeded my expectations when you take into account all those interest rate moves and the impact that has on borrowers. And it’s just a really nice thing. And it just reemphasizes to our team here internally we do underwrite loans in a proper way and we’re getting — we’re seeing the rewards for that right now.
Nathan Race : That’s great to hear. And then Tom, lastly, can you just remind us in terms of acquisition partners, kind of the size of targets that you’re looking at and just kind of the overall range there and also by geography too?
Thomas Travis : I noticed that JP Morgan was down 3% today, they may become a target. It looks like they missed a little bit on their margin. So we’re going to call you after this, Nate and see how much capital we need to raise. But if they’re not amenable to that then we’ll pivot. All the kidding aside, I would just say this about our company and we’re just so proud of our team. And I think when — if people don’t know us and they haven’t followed us for a long time and I’m trying not to come across as overconfident or arrogant. But the truth is, we are not a $1.7 billion or $1.8 billion company, we are a company that operates and can manage a much larger institution. And so because of that, I believe that it wouldn’t bother us to do anything that made sense that was larger.
And I think that — and so I want to go back to something that was said very early in the conversation and that is that we’re not a bank that’s going to go out and buy someone because they have this great loan book or because they have this special vertical, we’re going to buy people based on tried and true liquidity and the ability of this team and the history of this team to then take that and efficiently deploy it into, what I consider to be the greatest geographical economic area on the planet, which is Texas and Oklahoma. I mean it’s just a really nice environment. So I think that clearly, it’d be — we don’t want to get distracted by anything that’s too small. But if something comes along that’s larger that fits those parameters and we’re not going to be afraid of it.
And that’s our view.
Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Tom Travis for any closing remarks.
Thomas Travis : Well, thank you again to everyone. I think we’ve covered most of the components. And again, we’re really proud of our team, we’re proud of our results. We’re really happy with the breadth and depth of the company and all facets and just look forward to continuing to do what we do. So thank you.
Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
