Jeffrey Deuel : I think it was more from maybe what I mentioned earlier that when the Fed raises rates, there’s on top of the existing competition for deposits I think that it also catches people’s attention, while they’re reading the newspaper or whatever. And it causes them to I think, approach us and ask if there’s potentially something we can do. That’s more of what I was referring to. I don’t think they’re going to go up wildly. I just think that there will be — there’s going to be ongoing pressure through the end of the year at a minimum. Hopefully, that makes sense.
Timothy Coffey : Okay. It does. It does. And gels with kind of the pipeline commentary as well as the spot rate commentary, too. So that makes sense. And then, Tony, so a lot of the provision in this quarter was built off of loan growth. If loan growth were to slow from here, would the provision conceivably come down?
Anthony Chalfant : Yes. Don, I’ll probably let you take that one.
Donald Hinson : Sure. Tim, overall, our — you might say the rates, we actually have, I think, a chart in the deck on this is that does kind of a flow. And again, most of it was due to just volume. And so yes, if volume decreased, the balances decreased, then the overall provision would probably decrease. But the percentage would probably not, right? The percentage has been pretty steady, growing a little bit as we’ve — as there’s been a change in some mix, but very little. So it will be somewhat dependent on balances. But if you’re talking — I wouldn’t sure if you’re talking about the overall balance or more the percentage?
Timothy Coffey : I’m talking about both, two-sided question.
Donald Hinson : I don’t expect the percentage to change a whole lot at this point. But again — and as a percentage doesn’t change then, of course, the provision expense will depend on the other factors as part of the calculation, which is the balances of the loans and then also the charge-offs, which has been very minimal.
Timothy Coffey : Right. So that remain kind of where they are — yes, sorry.
Jeffrey Deuel : I was just going to say that we’ve mentioned our conservative nature, which is not a surprise to anybody. But I think that it would be our desire to keep that as high as we can, quite frankly, just as a cushion against anything that might come at us. But it is formulaic and we have to follow the rules. So I think you’d see us trying to keep it as high as we can.
Timothy Coffey : Yes. Yes, that all makes sense. And then a follow-up for you, Don. The noninterest expense expectation for 3Q, what was that again?
Donald Hinson : That we’re expecting that to be back up in the low 42s.
Timothy Coffey : Okay. Okay. Perfect.
Donald Hinson : Yes. It was lower this quarter, again, because of some reversal of some accruals.
Operator: This concludes our Q&A. I’ll now hand back to Jeff Deuel, CEO, for closing remarks.
Jeffrey Deuel : Thanks, Elliot. Since there’s no more questions, we’ll wrap up this quarter’s call. We thank you for your time, your support and your interest in our ongoing performance, and we’re looking forward to seeing several of you in the coming weeks at some of the investor events. Thank you. Goodbye.
Operator: Ladies and gentlemen, today’s call has now concluded. A replay of today’s conference call will be available for the next seven days. You can access this by diving 1929-458-6194 and then entering the access code 925696. We’d like to thank you for your participation. You may now disconnect your lines.
