Irene Oh: Yes, great question. And in fact, I think the growth rate on that has been something that has also been a great surprise for us as for transaction volume, notional amount, FX volume, consumer, commercial, the growth that we’ve seen there, that’s been great. From the IRC SWAT teams, again, saying that volumes are increasing. And in fact, across the board, wealth management, low fees a little bit and even the account deposit fees have all been not quarter-over-quarter, which is quite positive. And I’ll just share that with the total fee income, there is also a little mark-to-market and with the kind of movement in the tenure, that played a factor as well. With that said, I think that the momentum is pretty good. I do think that maybe this quarter is a little bit higher than normalized. But certainly, when we look at the rest of the year and the pipeline looks great. We are acquiring new clients, and that is something that is very positive.
Brody Preston: Got it. Could I ask just on the fixed rate loan portfolio? I know that a good chunk of it is single-family resi. But just, I guess, when you look at the fixed rate loan book, what what’s the dollar amount that’s repricing over the next 12 months? And what do the current yields look like on those loans? And if you could bifurcate it maybe between the CRE and everything else, that would be helpful?
Irene Oh: Yes. So, over the next 12 months, we have approximately $800 million of fixed and hybrid fixed loans, CRE and single family maturing or repricing. And then if you kind of break that down, it’s a little different per category. But on average, we’re talking about probably a weighted average interest rate of 4.75% that we expect to move up.
Brody Preston: Got it. And did you mention already what the new origination yields would look like for those loans?
Irene Oh: Yes, to clarify, some of this is maturity and some of this is hybrids that are going to step up. So I think in the current environment, the hybrid step up, especially for the single family, there is a cap on that. But with that said, if we look at the new originations. Generally speaking, C&I has been about flat. CRE for hybrid and variable rate blended, maybe 7.4%. And single family, if you look at the current originations, it’s been about 6.5%. And as we noted, a lot of these prices have been locked a while ago, and they started the outer concern in the process but the current rate sheet is 7% and 8% for a 30-year fixed mortgage new points.
Brody Preston: Got it. And then I did want to ask, do you have to know what the effective duration of your AFS portfolio is and what the conditional prepayment rate you’re assuming in that duration calculation is?
Irene Oh: Yes. The effective duration has slightly reduced quarter-over-quarter just a little bit, honestly, more of the tenure around the change. So, we’re probably 3.89% right now, down modestly. The CPR, I think if we look at the MBS and also the CMBS, generally, I mean, the prepayments have slowed dramatically. I can get you the specifics of that later.
