Mark Fucinato: Hi, Terry, Mark Fucinato. The — we haven’t seen that in terms of any trends in the other asset classes. We don’t have a lot of senior housing or health care. We did — we do come across one from the Inland transition that we’re looking at that’s of size. But other than that, we just haven’t seen any real kind of trend of any increases in the other asset classes. The office has been our focus for quite some time in our legacy book, and obviously, in the book that came over from Inland. So we’re working on those. We’ve been focused on solutions for those. And we spent a lot of time confirming our risk ratings since we got the Inland portfolio and that we’re going to continue to approach it that way. But I have not seen any other breaks in the asset classes for commercial real estate.
Terry McEvoy: Thanks for taking my questions. And I hope everybody has a nice weekend.
Roberto Herencia: Great. Likewise, Terry.
Mark Fucinato: Thanks, Terry.
Operator: The next question comes from Nathan Race, Piper Sandler. Nathan, your line is open. Please go ahead.
Nathan Race : Yep. Hey guys. Happy Friday.
Roberto Herencia: Good morning, Nate.
Tom Bell : Good morning, Nate.
Nathan Race : Going back to the margin discussion on a core basis, curious kind of what that contemplates in terms of the size of the earning asset base hit in the fourth quarter. Obviously, cash balances were higher end-of-period borrowings were also up in the quarter. It looks like you were able to sell down a portion of the Inland securities portfolio. So just curious how you guys are thinking about those dynamics in terms of maybe deleveraging the balance sheet in the fourth quarter, just given some of those dynamics between securities and the overnight funds.
Tom Bell : Hi, Nate. Yes, good morning. It’s Tom. Thanks for the question. Yes, I mean, our cash position was slightly elevated at the end of the quarter. I mean, that’s not something we would normally maintain. As we mentioned in prior meetings, we weren’t investing securities cash flows. And so we’re back on board, we’re doing that now just given where rates are and our asset sensitivity, I think we were still mindful of if rates decline, the impact to us from an NII perspective. So you’ll see some of that cash move into securities throughout the next quarter here. And then we’ll plan on continuing to reinvest cash flows as we move forward. But the cash position was just timing at quarter end for the most part, being elevated.
Mark Fucinato: Yes, Nathan. And to add to that, I mean, Tom gave guidance as far as kind of what we’re anticipating as far as loan growth is concerned. One just caveat with that, we anticipate that we are going to see not necessarily runoff that would cost deleveraging, but it’s going to be probably a remixing of the portfolio as we have runoff primarily stemming from the transaction, we’ll look to reinvest that over time. So you may see our cash position at times just go up, because we’ve got payoffs and those payoffs, we’re anticipating we’ll get those redeployed over the course of time in our different portfolios. So, there’s always a little bit of remixing that will take place. And we anticipate we’ll see some of that probably starting next quarter, but certainly more into 2024.
Nathan Race: Got it. But in terms of kind of the overnight borrowings that were at in the quarter, do you expect those balances to come down over the next couple of quarters, or is it just contingent on loan growth, the success and…
A – Tom Bell: No, I mean we would — we normally would not hold that high of a balance. And again, if we went to the whole loan bank and borrow the money, it’s sat at the Fed. So it was kind of a neutral P&L trade for us. So if you see the other borrowings increase, really could assume that the other borrowings would decline as the cash position declined.
