Daniel Cardenas: Right, right. And do you think that this is the timing on this that this can be done in 2024? Do you think that’s going to take until 2025 before you, kind of, hit full stride there?
Dennis Shaffer: No, we think we can get that. Some of the things involved sending disclosures and things like that, those are really set to go out in December. We hope to be hitting the ground running in January with a lot of this.
Daniel Cardenas: Good, good. And then just jumping over to the balance sheet quickly. Can you give me some color as to how much of your securities portfolio is scheduled to mature here in the fourth quarter? And how would those proceeds be put to work on the lending side, or do those get put back into the securities portfolio?
Rich Dutton: A little bit of both. I’m trying to get to the page. So we’re scheduled for what almost $30 million that will mature in the next quarter — in the fourth quarter. And probably two-thirds or, yes, two-thirds of that is at our investment subsidiaries. Those proceeds when they mature probably stay in the investment portfolio. We’ve got another third of that, that’s in the bank. And when those — and they have been maturing over the course of the year. And as those mature, those are used to fund loans and or pay off borrowings.
Chuck Parcher: And Rich and I were just talking about some of that, Dan, too even at the investments of sub, there’s certain tax implications. We’re going to run the map, see what those tax implications are, because it may be better for us just to utilize those funds to fund some of this loan growth and stuff, or to pay down borrowings, or stuff like that. So we’re running, you know, we’re working on that as well. We just don’t have an answer for you there. But Rich is right. So far, we’ve said, hey, let’s just reinvest those because of the tax implications. We’re rerunning the math on that.
Daniel Cardenas: Got it. Okay. Good, good. And then on your credit, I mean, credit quality looks good. How are watch list trends directionally? What were they looking like here in Q3, and what areas are you guys kind of watching a little closer today than you were, say, two or three quarters ago?
Chuck Parcher: Yes, Dan, this is Chuck. I mean, knock on wood, our metrics continue to be really stable. We really feel really good about the portfolio. Obviously, kind of like everybody else, we’re really watching office. We don’t really have any, per se, any concentration in a downtown office. Most of our offices is suburban office. You know, that one, two, three storey building in Suburbia. So, we’re not really seeing a lot of strain there yet, but we’re watching it closely. You know, what we’re really seeing a lot of really nice growth is the multi-family piece across, you know, our major metropolitan areas in Ohio. They can’t build units fast enough in Columbus, et cetera. So, we feel good about that piece of it. You know, all in all, I would tell you that we don’t have a lot of concern right now, but like everybody else, we’re watching it a little closer.
Rich Dutton: Yes, and the watch list has been fairly, the migration, it’s been pretty neutral, because we’ve added a couple, but then a couple have either paid off or upgraded. So it’s been, you know, from a number of loans and from a dollar standpoint, it’s pretty neutral.
Daniel Cardenas: Good. And then last question for me. How should we be thinking about your tax rate here on a go-forward basis?
Rich Dutton: The effective tax rate for the, I guess, year-to-date was 15.4% and for the quarter was 15.2%. So I’d say 15% would be what I’d put in my model.
