Matthew Sealy: And a little bit more color there. That 4% quarterly, not an annualized figure. And it’s important to remember that there’s seasonality in Q4, but there’s also seasonality in Q1 with for similar reasons, payroll accruals and true-ups. But then we also have a partial quarter impact from payroll increases for the year. So that does get you kind of an incremental seasonal pickup in the first quarter — and then to Greg’s point, about a 10% annualized growth rate thereafter, which should account for inflationary pressures and just kind of continued normal course of increases. Yes.
Jude Melville: Yes. I think the thing that — the key areas that we’re going to continue to look at opportunities to invest in technology personnel. And then as every bank is experiencing right now is the FDIC’s assessment has grown across the board in so that’s factored into those numbers.
Graham Dick: Okay. Great. Thanks guys.
Operator: Jordan Jen with Stephens. Your line is open.
Unidentified Analyst: Hey good morning guys.
Jude Melville: Good morning, Jordan.
Unidentified Analyst: So kind of just following up on the expenses and kind of more in line with what you’re talking about of having more capacity and adding personnel. What are your guys’ expectations for hiring in 2023? And kind of what do you think is it going to be more towards loan producers or deposit gathering? Or if you could just kind of give more color on that that would be great. Thank you.
Jude Melville: Sure. I would anticipate — I mean, that’s one of the reasons that I pointed out that we feel like those teams have been well integrated, but still have capacity. Don’t feel like we need to be ultra-aggressive this year in terms of hiring lenders. What we would plan on doing is making sure that they have the right support staff around them to maximize their capabilities and their relationships. So and that’s particularly true in our faster-growing areas. So I would anticipate that we would do some hiring on the production side, but it would tend to be more support staff. Dallas has a strong team that’s certainly capable of continuing to produce over the course of the year. And we’ve been pleased with the Houston team integration, but we do feel like we could add a bank or two there just to continue moving forward.
So we’ll probably see to do that, but on balance across our footprint, a little more hiring on the support staff versus the actual bankers. And we would continue to add treasury capability as well to your point about hiring deposit-oriented folks.
Unidentified Analyst: Perfect. Thanks. And then maybe just one more kind of going on that acquired loan payoff. Do you guys anticipate similar levels of payoff in the near term? Or is that just kind of a one-off situation?
Jude Melville: That was I would call that more of a one-off situation, just — and we happen to have the two loans in the same quarter, but it’s not one that we hadn’t been working on and kind of figuring out over the course of multiple quarters and the timing was just right. It also happened to be one that had a lower interest rate for a longer period. And so that obviously becomes a little more punitive today than it was even three quarters ago. So just a one-off business decision that we made, but I wouldn’t anticipate that we would have a wholesale. We recapture the accretion on the acquired zones will just take the — make the right business decision on an individual basis. I think we still have what, Greg, about $20 million, $25 million in accretion of credit mark remaining.
