Chris McGratty: Ron, I’m starting on Slide 10, the rate disclosures. So I think somebody had asked before about higher for longer. You do have, I guess, a back book narrative. So I guess I’m interested in a little bit more color in a higher for longer environment. Your views like in terms of the opportunity to defend margin? I guess that is the first question. The second question is, and you provided the spot deposit rate. Do you have the September margin?
Ron Farnsworth: Yes. The September margin was within a couple of bps of the Q3 margin. And just back to the first part of the question, again, I think was around the loan repricing maturity schedule, a higher rate environment for longer, et cetera. Again, the things are going to come down to can we continue to be successful at growing customer deposit balances. That is going to be one of the single biggest drivers in terms of where our margin — higher margins perform if rates safety levels over time because then that can continue to reduce higher cost wholesale funding, right, to help offset.
Chris McGratty: Okay. And then what’s the approximate difference between roll-off yields and new production yields for loans?
Tory Nixon: This is Tory. I don’t know — I don’t — on the top of my head, I don’t know roll-off yield, but I can tell you, production on the commercial side for the quarter range anywhere from 7.25% at the low end to 9% on the highest weighted average by just over 8%.
Chris McGratty: Okay. Great. And then last one on the tax rate. Any help on kind of go-forward tax rate?
Ron Farnsworth: Yes. The ballpark 25% still is a go-forward rate.
Chris McGratty: Alright, great. Thanks a lot.
Ron Farnsworth: Good. Thank you.
Operator: Thank you. One moment, please. Our next question comes from the line of Jon Arfstrom of RBC Capital Markets. Your line is open.
Jon Arfstrom: Thanks. Good afternoon, everyone.
Jon Arfstrom: Hi, Jon. A question for you on the — just the deposit flows during the quarter. It seems like deposit growth is back. And so, Ron, I’ll take the over on customer deposit growth. But what was the difference between Q3 and Q2? I think some of us were disappointed in the Q2 deposit growth, and this has obviously rebounded. But what’s driving these increases? Is it rate driven or something else?
Ron Farnsworth: I think there’s a little bit of both in there. As far as the market has calmed down somewhat as far as the rapid increase in rates. You can see as much of that in the third quarter. We’re farther past our initial conversion and things of that nature where I’ll just say it again, that our teams are out in the markets, winning new business using the expanded capabilities that we have. And when you put those things together, the value proposition really comes to play. We’ve got great bankers that are externally oriented and they’re doing it in a collaborative manner that allows us to keep our deposit costs down, but we’re also being winning business. And when you win operating accounts, it helps keep it down as well.
But some of it is just the stability of the rate environment and that we stopped seeing increases during the quarter and move past some of the issues that happened in March as well. It’s, I won’t say business as usual, but it’s a whole lot of calmer. And Torran, I don’t know if you want to add anything?
Tory Nixon: No, I think that’s very well said. I think it’s all those things. And it’s a real outbound focus by all of our teams to connect with our customers and connect the [indiscernible] and bring business into the bank and realizing that the most important business we bring in the bank is on the deposit front.
