F. Morgan Gasior: Well, let me say that, both as a significant shareholder and as an all timer I generally personally in favor of a higher dividend. But right now when you look at our comparative dividend yields, they are very competitive in the market and we also want to see what happens with interest rates overall. If they are actually going to be coming down during the course of the year, the dividend yield looks even better. So I would rule nothing out right now. The company is well capitalized at both, at the bank level and at the holding company level. And to your point, we appreciate the recognition of the better dividend coverage. So I would expect at least for the first quarter or two, while we get a handle on Federal Reserve policy and we make sure that we are able to put a floor under net interest margin and earnings, the dividend policy remain about the same.
But I would also say that, we are going to take another look at that in April and another look at that in July. It would roll nothing out right now. Dividends have been a key component of shareholder return these last several years. It’s an important component of it and if that is a path to better total shareholder return, I would not necessarily rule anything out right now.
Unidentified Analyst: Thank you, Morgan. That was helpful. Just one more quick comment, I guess one of your competitors did a major deal in the Chicago area neighborhood. Do you have a comment on the merger or acquisition field in the Chicago area? Thank you.
F. Morgan Gasior: I — that would be a great conversation to have over a longer period of time. But to address our particular plans, I would say this. First, right now, I think, executing our business plan on an organic basis has proven to have good results. As you look at the improvements in originations even starting in 2021, continuing on to 2022. We have an opportunity to further improve of results here in 2023 and towards that we want to stay as focused as we can. Having said that, growth can be a good thing, if it contributes a funding base that’s helpful to us, if it contributes higher operating leverage and if it improves the capital base to the point where we may meet the Russell 2000 threshold for inclusion later this year.
So I would not really want to comment on the broader aspects of Chicago. People have their own perspectives. But I do think that, we may see an opportunity to do something later in the year if it would help us, but it’s certainly not our focus. It would almost be something that somebody offered us and we thought it made sense, not something that we are going to go out and seek out to do. It does appear that the market will respect higher earnings and more stable earnings. We think that the pivot to more commercial base helps earnings strength, and therefore, the multiple earnings going forward. So, again, that’s our focus.
Unidentified Analyst: Thank you, Morgan. Keep up the good earnings growth rate perspective. Thank you.
F. Morgan Gasior: Thank you.
Operator: Thank you. There are no more questions in the queue. I would like to turn the call back over to management for closing remarks.
F. Morgan Gasior: Thank you. Well, we appreciate all the very good questions and continued interest. We look forward to 2023 building on the 2022 results and we will do our very best to improve our — stabilize and improve our results for shareholders. Enjoy the rest of the winner if you can and we will talk to you in the spring.
Operator: This concludes today’s conference call. Thank you all for joining. Enjoy the rest of your day.
