Brady Gailey: I know in the past we’ve talked about expenses for this year being around that $82 million, $83 million mark, but it looks like, you know, we’ve already seen the first three quarters, so there’s only one quarter left. It looks like you all could do a little better than that. Maybe just talk about expenses in 4Q? And then longer term, I think you’ve talked about expenses being around 2.5%. Is that still the right way to think about it as we head into ‘24?
Cappy Payne: Yes, Brady, that’s still our yield sign and something we pay attention to at that 2.5% of asset level. I still think we’re going to be in that, you know, $82 million range, $81 million to $82 million range, which that’s right at the 2.5%, maybe a little bit over. But we pay attention to that number and that’s our marker that we want to stay within.
Brady Gailey: Okay. And then, you know, another quarter of a zero provision. I know credit is still pretty clean here, but how do you think about that, you know, provision line as we head to next year? I mean, credit, I know you had a couple of CRE loans go into substandard, but that, you know, it’s still a relatively low level. So how do you think about credit and the provision into next year?
Ty Abston: Brady, this is Ty. We’re starting to work on that for ‘24. I mean, we’re going to project out some conservative assumptions for credit. We don’t see any concerns at this point. But just the lack of clarity is going to have us project some, moderate level of provision for ‘24. We will not, we’re not projecting a lot of net growth. So any kind of addition we make would be additional reserves just to show up the portfolio. But at this point we don’t have an exact number, but it’s going to be — we’ll project enough that we’re comfortable that we can more than cover and anticipate downturn if we see one.
Brady Gailey: All right. And then finally for me, if you look at the first-half of the year, deposits were down a little bit, but you grew deposits 8% link quarter annualized in 3Q, which was great to see. Looks like a lot of that growth came from core deposits. Maybe just talk about how you’re thinking about deposit growth going forward? A – Ty Abston Well again, I mean that’s a big part of our model and core competency is retail banking and core deposits. And that’s a — we are very likely going to name a Chief Retail and Deposit Officer in the coming year to refocus our efforts in that area corporately, because it’s just a big part of our model. We’re — I would say we’re probably going to project low-single-digit growth in deposits just, because of the pressure — deposit pressures are out there, but we plan to I mean that’s a big part of you know how we look at franchise buying a bank and we’ll — we continue to.
Brady Gailey: Okay, great thanks for the color guys.
Cappy Payne: Thanks, Brady.
Operator: Our next question is from Matt Olney with Stephens.
Matt Olney: Hey, thanks. Good morning.
Ty Abston: Good morning, Matt.
Cappy Payne: Hi, Matt.
Matt Olney: Going back to the margin outlook, I think you said around 3% in the near-term. But I guess if we move forward a couple quarters and assuming there’s a Fed pause from here, any color on how you see that margin performing into 2024? Is that just going to flatten out or given those loan repricing dynamics from a shorter portfolio, you think you can recapture some of that pressure you experienced this year into next year?
