Dennis Shaffer: [Technical Difficulty] Tim.
Tim Switzer: I had a follow-up on the talk about some of the larger banks pulling back from lending. Has that opened you to maybe any opportunities to finding some new talent at all? Or do you think that’s something that could happen down the road if the banks continue in this position?
Dennis Shaffer: Yes. I think, back when we had the great recession, we added talent in this organization. And I think any time there’s disruption or there is — the big banks pull back, I think that does give us opportunity to add talent throughout the organization, both on the production and support side. So, we continue to look for opportunities. If we think that it would add revenue, we definitely would look at that. Right now, it’s a little bit more challenging just because you’re pretty well loaned up. So you got to figure out how you’re going to fund them; and with the yield curve so inverted, I think it does make it a little bit more challenging for that. But that’s — we view that as opportunity, in particular, when it comes to adding staff.
Charles Parcher: And we’re also seeing, Tim, this is Chuck. Some talent start to float our direction at least make some inquiries on the residential mortgage side. As you know, as the market gets tighter a little bit, a lot of times the mortgage brokers don’t have the same array of products to be able to sell. And so, we’re starting to see that service. We’ve got a few openings that we’re trying to fill. It looks like we’ll be able to do that with some larger producers than what we had in our staff previously.
Dennis Shaffer: And that really doesn’t cost us anything because those are commission-based positions. So generally, when they add originations, they’re generally paying for themselves.
Tim Switzer: Right. Yes, that makes a lot of sense. And then can you guys give us a quick update on the credit outlook. I think last quarter, you guys were talking about everything seems in your major metro areas. But any updates you can provide like the CRE and Office exposure, I think, you said it’s like 4% to 5% of loans?
Paul Stark: Yes. This is Paul Stark. We — I would say that the outlook hasn’t changed significantly. I think obviously, we’re watching the Office market. We’re diving into kind of the make-up of it. But the vast majority of our office space is more in the outlying communities as opposed to the urban centers. I think we only have three or four properties that are actually kind of in the center of, let’s say, Cleveland. But overall, they’ve been performing very well. Occupancy remains high. The only thing you don’t really know yet is what’s going to happen in a few years when the leases are up. We don’t have — I think, only about 15% of our leases — our properties are going to have maturities in the next two years. So really haven’t seen anything in the landscape.
Residential stays pretty solid. I know that there’s stress out there, but our numbers are good, pretty consistent quarter-to-quarter. And right now, I don’t see any real dark areas that make us change that perspective. It’s hard work to stay on top of it. But right now, I’m not seeing anything.
Dennis Shaffer: And Tim, moreover our portfolio is pretty diversified. So when you look at the CRE buckets between multifamily, industrial, retail, office, it’s pretty diversified. So no real concentration in those areas.
Tim Switzer: Okay. Yes, nothing too surprising there. Do you have what percentage of total loans there is in the office book?
Richard Dutton: We do. This s Rich, right now. So pure office, I guess, is just under 6%, 5.8% and then we’ve got another less than 1% of healthcare, medical offices, yes.
Tim Switzer: Less than 1% in healthcare?
