Glacier Bancorp, Inc. (NYSE:GBCI) Q2 2023 Earnings Call Transcript

Randy Chesler: Total assets?

Tim Coffey: Yes, just the size of the balance sheet.

Randy Chesler: Yes, it should be slightly up, given our loan growth and expectations on deposits.

Tim Coffey: Okay. And then, can you remind me again what the cash flow is, coming off the securities portfolio?

Randy Chesler: Yes. Interest and principle right now is about $300 million a quarter.

Tim Coffey: Okay, so no big change from the previous quarter.

Randy Chesler: No.

Tim Coffey: And then on the construction loans that you’re doing, lot of housing stuff in there, is there any read through to your mortgage origination and sale business line?

Randy Chesler: Is there any, what was the question, Tim?

Tim Coffey: Is there any readthrough to the mortgage business?

Randy Chesler: Do you mean a connection between the construction loan and then ultimate residential mortgage?

Tim Coffey: Yes, there’s more supply on market, are you seeing more volume in the mortgage business?

Randy Chesler: So, yes, we were up this quarter. So you saw the gain on mortgages increase. So, we have more locks this quarter than the prior quarter. We’re happy to see that. You know, that is leveling off, and it’s really supply driven, there’s just not enough housing — that new construction is a big part of what we see people moving into now, there’s just not a lot of resale of existing homes, because the people are hanging onto their low fixed rate that they have. So, that’s what we see happening now. So our expectation on that gain is probably going to stay right in that range, maybe a little a little softness to it depending on the supply.

Tim Coffey: Okay, great. Those are my questions. Thank you very much for your time.

Randy Chesler: Sure.

Operator: And I’m not showing any further questions at this time, I’d like to turn the call back over to Randy for any closing remarks.

Randy Chesler: All right, thank you, Kevin. And just want to thank everybody for dialing in today. Lot going on in the industry. So I appreciate you taking the time and have a great Friday and a great weekend. Thank you.

Operator: Ladies and gentlemen, this does conclude today’s presentation. You may now disconnect and have a wonderful day.