Christopher O’Connell: Great. And do you have the recent loan origination yields have been coming on at or what they are in the pipeline?
John Connerton: Yes. Our offering rates are – at least the current offering rates are somewhere between – on our term loans, 7.25% to 7.5%, and then our C&I is better than prime.
Christopher O’Connell: Great. And then on the fees side, there is still kind of a lingering amount there like $150,000 in the insurance line, is that falling out after this quarter, or is that unrelated business?
John Connerton: Yes. Good question, Chris. For comparative purposes, last year, it was in there, part of our wealth program, which is around $700,000 a year, has always been in that line. It’s been very consistent. So, for comparative purposes, we are leaving it in there, just – we didn’t want to re-flash it out of there, but that is – so that should be consistent from quarter-to-quarter.
Christopher O’Connell: Okay. Got it.
David Nasca: Yes, we did benefit plans for corporations and things like that, and we sort of dovetailed with the insurance, so it was in that bucket.
Christopher O’Connell: Great, sustaining. And then on the credit side, any commentary to what you are kind of seeing in your markets recently? I know not much movement this quarter in the NPLs and the credit size and net charge-offs are pretty good as well. But any stress or any signs of stress that you guys are seeing?
David Nasca: We continue to not see any real cracks in the credit armor right now. We believe that companies have been impacted by the higher rates, but we, for all the reasons, we have been credit conservative. And I won’t say we are conservative, but we have watched out for making sure that we have done loans appropriately in all environments. So, we are not seeing a lot of cracks, as I said. You are seeing that we are going to see rates higher for longer, we think. We think there may be a credit cycle at some point, but we are not seeing that at this point. And we are working through the credits that we have that are non-performing. We continue to make some progress there, and we expect to continue moving forward on repairing those. So, we are not seeing a whole lot of impending challenge right this second.
Christopher O’Connell: Okay. That’s all I had. Thanks for taking my questions.
David Nasca: Thanks Chris.
John Connerton: Thanks Chris.
Operator: There no further questions in the queue. I would like to hand it back to David Nasca for closing remarks.
David Nasca: Alright. Thank you, Doug. Thank you for participating today in the teleconference. We always appreciate that you are here with us and your continued interest and support. Please feel free to reach out to us at any time. We look forward to talking with all of you again when we report our second quarter 2024 results. We hope you all have a great day. Thank you.
Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time and have a wonderful day.
