And I think it’s important that we don’t want to just play defense. We want to play offense and take advantage of the opportunities that are out there. And I think we’ve been able to do that. We’re one of the few banks that were able to hire significant amount of teams from Signature, and obviously it’s paid dividends to us already. And we’ve been able to do that while keeping our expenses below our guidance. So, we’re going to continue to explore a number of opportunities. We are looking at certain areas that I think there’s more expense savings available, but again, we’ve been doing that on a fairly regular basis, and I don’t think we’re going to do any significant major initiatives. I think it’s going to be very granular in terms of how we manage our expenses.
Chris O’Connell: Got it. And just on the loan growth, appreciate all the color around the pipeline and the rates there. As you’re looking into the fourth quarter here in the amount of CRE and multifamily that might pay down or run off, how are you thinking about kind of net overall loan growth for next quarter?
Avi Reddy: Yes, I think Chris in our prepared remarks, we said the balance sheet should be pretty stable, runoff in multifamily and CRE offset by C&I and owner-occupied.
Operator: Thank you, Chris. [Operator instructions] Our next question is from Mokshith Reddy from D.A. Davidson. Your line is now open. Please go ahead.
Mokshith Reddy: Hey, good morning. On for Manuel here. Most of my questions have been asked, but could you talk about your loan to deposit ratio and how it’s going to settle in by the end of the year? Just some color on that would be great.
Avi Reddy: Yes, we were obviously down this quarter to 102. Obviously, if we keep loans flat and we grow deposits, it’s going to continue to go further down. I think at the start of the year, we had said we’d set a hard line and said we don’t want to go above 107.5. And that was when there was a banking crisis and deposits were in flux. I mean, at this point in time, we’d like to get to 100% as quickly as possible and then continue to move that ratio down as deposits keep coming in.
Mokshith Reddy: Great. Just have one more. In terms of the technology rollouts that you did last quarter, could you just provide some color on what the progress is in terms of the new business-focused accounts? And sorry if I missed that, but just some color on that would be great.
Stuart Lubow: Yes. So, we rolled out our online banking, digital online account opening process for retail. We’re rolling out the digital online for commercial as we speak, and we’re very happy with that. It kind of completes the package in terms of our digital capabilities. And our new bankers, our new private bankers and whatnot, are using that. We’re certainly going to continue to enhance that. Our online – our new escrow management system has been very successful and we’re very happy with that. And so, we’re pleased with all the changes we made and it just adds to the suite of products for our customers.
Mokshith Reddy: All right. Fantastic. Thanks for taking my questions.
Operator: Thank you, Mokshith. [Operator instructions]. We have no further questions registered today. So, with that, I’ll hand back to your host, Stuart Lubow, for final remarks.
Stuart Lubow: Thank you, Carla. Again, I would like to thank all of our employees for their diligence and hard work, as well as our shareholders for all their support, and we look forward to speaking to you all again at the end of January.
Operator: This concludes today’s call. Thank you for your participation. You may now disconnect your line. Have a great day.
