And then Toledo, as Chuck was talking about, and that’s an area that’s Chuck most of his banking career was in that Toledo market. So we know the businesses. We know the bankers, we have contacts. So we think we have tremendous opportunity in all of those markets to continue to make inroads.
Timothy Switzer: Can we move to expenses just real quick. Do you guys are kind of looking at the core run rate here, and you should be getting some more community bank cost saves, like as we’re exiting 2023, is like $24 million, $24.5 million of quarterly run rate, is that kind of like a reasonable expectation, I guess, the cost saves offset by some inflationary expenses and investment.
Dennis Shaffer: We would love to hit that number. I think if you back out the onetime stuff or fourth quarter noninterest expense is about $25.1 million I think what we’re seeing for the first quarter of next year is 26.4% is kind of what we’re forecasting because we’ll have more payroll kind of expenses attached to that in the first quarter. Second quarter next year, we’ll have our merit increases, and we’re looking at probably a $27.1 million second quarter noninterest expense. And that, I think, barring any significant changes in terms of emissions or whatnot would be a number that ideas to run out for the rest of the year.
Operator: And the next question today comes from Daniel Cardenas with Janney Montgomery Scott.
Daniel Cardenas: Just a couple of housecleaning questions for me. On the margin that you posted this quarter, how much yield accretion was baked into that number? And how should we look at it in ’23?
Dennis Shaffer: So purchase accounting in the fourth quarter was about 6 basis points of that. So without that, it would have been 6 basis points lower. And actually for the year, it was the same number, just kind of work out that way. And I would think going forward, that’s as good a number as to use for the next 3, 4 quarters anyway. I mean it might a basis point one way or the other, but I think that’s — everything is in.
Daniel Cardenas: And then on the credit quality front, I did notice a bit of an uptick on your nonperformers linked quarter. What was driving that?
Paul Stark: This is Paul. Nothing significant. We have one hotel that has been shut down, not necessarily for covet reasons, but because of some mechanical issues. And the sponsor has been covering them and then finally stop paying. So that’s a big chunk of it. Again, you get remember, we brought HCB in as we’ve shifted some of the culture in terms of the consumer portfolio, some of that stuff has fallen in there. By and mine, I don’t consider that a trend. It’s just more fluctuation as far as what we’re dealing with.
Daniel Cardenas: And then tax rate, kind of a 17% assumption is still kind of a good assumption for you guys?
Dennis Shaffer: Yes, about 16.7% about 16.7% Daniel.
Operator: And our next question today is a follow-up from Terry McEvoy with Stephens.
Terence McEvoy: Just wanted to follow up with the question on capital management. Will the capital impact from CECL? Will that be phased in over 3 years? And then just what are your thoughts here on building capital over the next few quarters?
