Mark McCollom: Well, I mean, well, Daniel, I would say that, again, under an expected loss model, I mean, we’ve already assumed that things are going to get a little bit worse, which is the basis for a lot of the provision that we took this quarter. When you look at the total allowance and basis points, it went down just a couple of basis points but that’s a function of — I mean we did have a charge-off of $12 million on a loan that was on non-accrual that we charged down. So that’s going to then have — our portfolio did get better. So I mean underlying credit trends are better, which then maybe allowed the total allowance to go down a couple of basis points. But that was offset by changes to our macroeconomic outlook, which does assume that things are going to get a little bit worse over time, hence, with the allowance staying relatively stable linked quarter.
Daniel Tamayo: Understood. Yeah. No, it’s — there’s a lot going on there for sure. And just a clarification finally, the expense numbers that you gave that are going to be coming down in the — from the fourth quarter with the $3 million and the $0.8 million and the $1.9 million. Are those annual or quarterly and what’s the timing we would expect on that?
Mark McCollom: Yeah. Those are all quarterly numbers and all of these quarterly numbers, I would expect to see reset immediately in the first quarter.
Daniel Tamayo: Okay. Terrific. All right. That’s all from me. Thanks for the color.
Curt Myers: Thanks, Dan.
Operator: Thank you. Our next question will come from Chris McGratty of KBW. Your line is open.
Chris McGratty: Great. Thanks. I just want to go back to the office portfolio €“ hey, good morning, everybody. Just wanted to go back to the office book for just a moment. In the release, you talked about this one credit driving the majority of the $10 million or $11 million. Do you have a size of like the largest exposures, I mean you referenced the $5 million. How big do you guys go in office like for a particular relationship?
Curt Myers: Yeah, Chris. So we have five — stratification is we have five credits over $20 million with 23 credit exposures between 10 and 20. And then we have 23 between 5 and 10. So we have 48 credits over $5 million. So it’s a pretty small book and we monitor it very closely.
Chris McGratty: Okay. So this would be in the $10 million to $20 bucket. Okay. In terms of what — I guess, what changed. You talked about reserving the last quarter. I guess what — number one, what market is this in? And then I guess, what changed? Because I think most of the banks, your peers talk about how these credits were underwritten with 50%, 60% LTVs, good debt service? Like what changed to drive loss?
Curt Myers: Yeah. So this credit was underwritten consistent with our overall portfolio. It’s in the Washington MSA. It’s a large single tenant. There’s a few other tenants in the building, and you have a lease termination. So we’re trying to understand current values of that property as it’s released. It’s really the details behind that. So we identified that, allocate it, trying to understand what we think is current value of that underlying property with that event and decided to take the charge down versus just the allocation.
Chris McGratty: Okay. But I guess based on that math, it would imply that the value of the building dropped fairly dramatically from where you underwrote it?
Curt Myers: Correct. We would think that the release of office space in that metro would be at a much lower cash flow and lease amount then was in place.
Chris McGratty: Okay. Great. And then just taking a step back, I mean, aside from office, which is getting a ton of attention, I guess, where else is the wall of worry, if there is one in terms of particular portfolios going into the year?
