Tom Dolan: Yes, this is Tom. I can touch on that. So, overall demand, certainly, we’re not seeing the same level of topline volume given the higher rates and the fact that we’re more selective in our credit appetite. I mean, we’ve always been selective for decades and very conservative, probably more so, even now. So, as Randy mentioned, a lot of the growth in the first quarter and the second quarter was due to draws on existing construction loans. I would expect it to decelerate in the next couple of quarters, we’ll probably see a little bit of slowing in Q3, further slowing in Q4 as tailwinds from those construction draws start to abate, and those projects are finished there rolled into the firm. And then of course, as I mentioned with the lower top end volume will probably– see overall net loan growth start slow in the may half of this year and certainly in coming quarter.
David Feaster: That’s helpful. Thank you.
Operator: [Operator Instructions] Our next question comes from Andrew Terrell, Stephens. Your line is open.
Andrew Terrell: Hey, good morning.
Randy Chesler: Good morning, Andrew.
Andrew Terrell: Maybe just for Byron really quick. Do you have the spot cost on the customer repurchase agreements at the end of June this quarter?
Byron Pollan: Yes. Spot cost for repo accounts at June 30 was $299.
Andrew Terrell: Okay. And then just trying to wade through the last of the margin here. Here you the level of compression sequentially should slow from here, I guess, would you still anticipate margin compression in the third quarter versus the June margin of $267 million?
Byron Pollan: From what we look, it’s going to be pretty close. I think it’s going to be pretty close to $267 million, that June number should — from what we’re looking at on the full quarter expectation for the third quarter, should be pretty close to that same level.
Andrew Terrell: Okay, got it. And then just, I think you guys mentioned $230 million of new client deposit growth earlier in the call. Can you just talk about what the incremental funding or deposit cost is related to that $230 million or just more broadly, how the incremental deposit cost compares to new loan production yields that I think are in the low-7s?
Byron Pollan: A lot of the — a portion of the growth as you can tell from our balance sheet is coming from our CD portfolio, and I want to say the average rate of our new issue CDs in the second quarter was between — something close to like $470 million, $475 million is what I want to say that the new rate was.
Andrew Terrell: Okay.
Randy Chesler: And the other thing I’d say is a good portion of those balances are just in the transaction accounts. So now, savings and the spot rates on those are under 50 basis, under 50 basis points.
Andrew Terrell: Got it. Understood. And maybe for Ron, on the operating expense line this quarter, specifically the comp and employee benefits. Was there any material change in the deferred origination costs this quarter that might have helped bring that expense — the comp line down?
Ron Copher: No.
Andrew Terrell: And if so can you quantify?
Ron Copher: It, a very, very little impact from that because we grew loans in the first quarter and the second, there wasn’t any appreciable difference in that growth rate that would have an impact to any degree on the deferred compensation side of it.
Andrew Terrell: Understood. And then maybe one last one from me if I could sneak it in just, it looks like the dividend payout ratio was, kind of, approaching 70% this quarter, and it sounds like, there will be a little more margin compression. Just maybe wanted to get a sense for the comfortability with the dividend or is that today.
