Banner Corporation (NASDAQ:BANR) Q4 2022 Earnings Call Transcript

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That being said, when you flip — that’s on the credit and loan front, when you flip to the deposit side, remember, we have folks in our marketplace that — such as credit unions and some financial institutions that need — that are more than 100% loan-to-deposit ratios that are pricing deposit base are running certain CD campaigns that are significantly above ours. And we’re simply not going to chase that or compete against that. So again, I don’t know that that’s a rational, but it’s what they need to do as they see fit for their own business models. Hopefully, that’s helpful. Jill, I don’t know if you want to add anything further.

Jill Rice: No, I think you covered that one.

Tim Coffey: Great. All right, that’s was all my questions. I appreciate it. Thank you.

Mark Grescovich: Thanks, Tim.

Operator: All right. Thank you, Tim. We currently have no further questions. I will now hand back to our speaker for final comments. Mark, please go ahead.

Mark Grescovich: Thank you, Bruno. As I stated, we are very proud of the Banner team and our fourth quarter and full-year 2022 performance. Thank you for your interest in Banner and joining us on the call today. We look forward to reporting our results to you again in the future. Have a wonderful day, everyone.

Operator: Ladies and gentlemen, this concludes today’s call. Thank you for joining. You may now disconnect your lines. Thank you.

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