Rob Butterfield: Yeah – yeah sure, Andrew. So – so, yeah, as you know, I mean, we view share repurchases as one of our four options for capital deployment. Most important is obviously the core dividend that we have. Beyond that, we would consider share repurchases, M&A is opportunistic. So if that would come up and – and we have done a special dividend in the past occasionally. The way we’re thinking specifically about share repurchases is that I – I would think that we would not be contemplating starting share repurchases until 2024 at this point. We just want to see the macroeconomic environment play out a little bit here before we make any decisions around capital deployment beyond our core dividend right now.
Andrew Terrell: Yeah, makes sense. I appreciate it. And then, Jill, if I got to ask, on the office loan portfolio, I appreciate it that it’s – it’s relatively minimal, and I think about 6% of total loans. Do – do you have the – the reserve against the office portfolio? Either dollars or a percent.
Jill Rice: Yeah. We don’t break it out that way in the CECL analysis, so I don’t. I could probably figure it out for you, but I don’t have a number right now.
Andrew Terrell: Okay. And then do you have the – the total dollar amount or percentage of the loan portfolio that’s syndicated or [Indiscernible]?
Jill Rice: Yeah. I do. The, we have limited exposure to shared national credits, less than 2.5% of the loan book. Our average loans balance is less than $10 million and of that shared national credit portfolio less than 30% of it would be considered leverage lending. It is performing well, and we have one adversely classified [Indiscernible] at this time.
Andrew Terrell: Okay. Got it. I appreciate it. And then if I could ask one more on the – the $785 million of loan originations this quarter, do you have what the weighted average yield was on the – on the originations?
Rob Butterfield: It’s 827.
Andrew Terrell: 827 got it. Okay. Thank you for taking the questions.
Mark Grescovich: Thank you, Andrew.
Operator: Thank you. Our next question comes from the line of Tim Coffey of Janney. Your line is now open, please go ahead.
Tim Coffey: Alright. Thank you. Good morning, Mark.
Mark Grescovich: Morning, Tim.
Tim Coffey: Hey. So for Mark for you and Jill, on the multifamily for sale business, can you kind of provide color on – on what’s happening in the secondary market is it – is it as simple as just the yield being offer on the loans for sale?
Mark Grescovich: Yeah, Tim. Thank – thanks for the question. I think what is appropriate is to remind everybody on – on the call what our multifamily for origination unit actually was. So we had an operation, that with a bunch of – with several seasoned bankers who had been doing this for many, many years in the in the multifamily sector where would they would do refinances and then remodeling and that type of financing which we wanted to originate and then sell and we would sell that to community banks and that business model, as you know, became stressed last year with the rapid rise in interest rates to making transactions pencil out, number 1; and then number 2, the lack of liquidity in the system because we’re – we were primarily selling to community based banks and once they start stop purchasing, obviously, that that entire business unit came under some stress and really wasn’t driving the financial results that we were looking for.
