Alex Twerdahl: Okay. And then I think in your prepared remarks, Mark, or maybe Joe, you talked about managing the company’s funding strategies, is that what you’re referring to as if the 600 million of securities that are coming due?
Joseph Sutaris: Yes, I think there’s there’s two pieces, which is that the maturing securities, but also just generally trying to be strategic in terms of identifying markets where, where we can pick up deposits.
Mark Tryniski: It’s really deposit strategies. We’ve got $5 billion of securities. Are there any strategies around that, which makes sense for us to think about? So there’s, there’s a number of elements to our thought process around funding strategies here, which we’re thinking about.
Alex Twerdahl: Okay. And then just the other question that I had is, you guys talked about deteriorating economic or macroeconomic outlook, yet the ACL dropped by 2 basis points. I was hoping maybe you could just put that into context and explain the moving parts of the ACL and why it actually declined, given, given the commentary that the macro outlook is deteriorating.
Joseph Sutaris: Yes, Alex, this is Joe. I can, I can take that question. So there’s a couple of components in our CECL model. One is kind of the loss history. The other is the economic outlook, which we refer to in the press release. The third piece is also what’s been trending internally in terms of non-performing assets. And classified and criticized assets and delinquency and we tend to look at kind of a four quarter trailing average on those non-economic qualitative factors, simply to smooth out if you will, any sort of seasonal aspects around the portfolio, and effectively as we rolled the quote, quarter forward, those four quarter trailing metrics improved. We dropped effectively the fourth quarter of 2021 whether a little higher NPAs and risk ratings were a little bit a little bit higher on the classified in criticized and effectively that improved. So that was the offset to the economic outlook.
Alex Twerdahl: Thank you for taking my questions.
Joseph Sutaris: Thanks Alex.
Operator: And our next question will come from Manuel Navas with D. A. Davidson. Please go ahead.
Unidentified Analyst: Good morning, gentlemen. My name is Mark filling in for Manuel. I have a few questions to ask. What are your loan growth expectations for next year? And in terms of mix, would it be more commercial weighted, just wanted some color on that?
Dimitar Karaivanov: It’s Dimitar. So I think we’ve been talking about mid-single digit growth rate for our business, kind of on a go-forward basis, which is higher for us than historical averages because of all the investments and the retooling of the company in a way. Clearly, it’s going to be a slower economic environmental, that’s the expectation at least. So maybe we’re a tad below mid-single digits rather than a tad up. But we’re still kind of in that probably 4% to 6% range expectation in terms of loan growth. As it relates to mix, right now, the commercial pipeline is pretty good. The car business is doing well. Mortgages are slowing down the same way with everybody else. So, we’ve been kind of running at a 50:50 mix in general. Maybe it’s a little bit more commercial this year. But that’s a very early guess. So, it could easily be kind of 50:50.
Unidentified Analyst: Thank you for that. And in terms of NIM trajectory near term, given there’s pressures on funding, what’s your Outlook going forward?
