Ron Farnsworth: Yes. And again the Home Loan Bank Advances are also in that two to four-month tenor. So they’re all repricing in that call it mid-5 as well. And that just gives us the most flexibility, right? And back to your second question, we’re obviously sitting on the more borrowing than what we like. It’s in response to, of course, what’s happened with just the liquidity drain in the overall system over the past year. Ideally, over time, deposit growth continues to exceed loan growth, customer deposit growth exceeds customer loan growth, and we’re able to pay those down with due plan.
Timur Braziler: Okay, that’s helpful. And to the first question, it seems like the low end of the margin guide seems fairly conservative. And I’m just wondering as we look at NII, is that also kind of 50-50 for an inflection point in next quarter or even though there is some stability in the NIM? We could see another quarter of NII compression prior to that higher for longer really kicking in and benefiting the top line in ’24.
Ron Farnsworth: Yes, I mean, specific to that question in Q4 and the guide, if we’re talking about material move, it’s going to come down again to customer deposit growth. So I feel good about — you’re not going to see a significant — you should not see a significant change in the net interest income dollars if we do have continued customer deposit growth in the portfolio.
Timur Braziler: Okay. Okay, and then the FinPac early stage plateauing last quarter charge-off, still somewhat elevated this quarter. Still focused on trucking. I guess, is that more of a cliff event, is that — where that pretty much subsides going forward? Or is that going to be more of a tail where this lingers for a couple of additional quarters prior to subsiding?
Clint Stein: It’s going to be a slow — it’s going to be a slow reduction over time, over multiple quarters to my best estimation.
Timur Braziler: Okay, great. And then just last for me the resi loans that were sold about $159 million. What was the discount they were sold at, if you can provide that?
Ron Farnsworth: Yeah. The par value is in the $185 to $190 range, so discount was in ballpark 35.
Timur Braziler: Got it. Great. Thank you for the questions.
Clint Stein: Yes. Thank you.
Operator: Thank you. One moment, please. Our next question comes from the line of Brody Preston of UBS. Your line is open.
Brody Preston: Hey, good evening, everyone. How are you?
Clint Stein: Good afternoon. Doing well.
Brody Preston: Hey, I just wanted to follow-up just on the loan waterfall chart. Ron, I just wanted to make sure I understand the 343 from payoffs or sales. The single-family side, I think it was the 159 that’s in there. And then the remainder of that is just payoffs, correct?
Clint Stein: That’s correct.
Brody Preston: Okay. And then the 515 of prepayments, I just wanted to ask, kind of like was — what was the success rate and kind of maybe converting those into new originations this quarter?
Tory Nixon: Yes, this is Tory, Brody. So let me just real quick on that. I think the success rate is very, very high. That’s what we want to do. We had growth in the commercial side and our C&I teams of about 40 million or 50 million, and then growth in the CRE teams at about 180. So, a lot of success in the rollover of that.
Brody Preston: Okay. Great. And then could I ask just a generic question about the loan portfolio, what portion of it is shared national credits? And then of that, what do you lead on?
