Donald Hinson: At this point, 1.4 is a very good earn-back period. I don’t – if we did a larger scale, I don’t necessarily see that probably occurring, I imagine it would go over – maybe go over slightly over two years. We definitely want to keep it under three years and even two and a half would be preferable.
Andrew Terrell: Yes. Okay. Yes and 1.4% is definitely….
Donald Hinson: Yes, we’ll continue to review this. And again, a lot will depend on really the rate environment and right now, of course, the rates have been up so far this quarter, which makes sales a little more challenging.
Andrew Terrell: Yes. Understood. Okay. And then on the time deposit, portfolio. It looks like about a third of the growth came from brokered deposits. Can you just talk about the cost differential between the brokered deposit growth and the core customer time deposit growth? And on the core customer side, where are you pricing new deposits at today? And how does that compare to competitors in the market?
Donald Hinson: Sure. The brokered, I think, came in around $5.45 million. We did those in July. So that had a – we’ve pretty much got the whole impact for the quarter there on the brokered. Again, brokered is just another way to manage the balance sheet. It’s not – they’re not core deposits. They’re not the customer. So, we just use this one more instead of using borrowings, we can use brokered in that way. The new deposits coming on, I think a lot of them are in the 4% to almost 5% at times. We have gone up to 5% and even the low 5s periodically for new CDs. But I think on average, it’s probably in the fours for the – for our customer CDs.
Andrew Terrell: Okay. Got it. Thank you. And if I could ask something, Bryan, on the new origination yields for the quarter, you said 6.54% was the new origination yield all in?
Bryan McDonald: Yes. So on the all loans, it was 6.54%.
Andrew Terrell: Okay. As I look back to origination yields a year ago, I’ve got written down 4.89% in 3Q of last year. And we’ve obviously gotten it’s a 160 basis point pickup. We’ve obviously gotten a lot more than that in terms of short-term rate increases. I’m just curious, is there anything influencing like – or could you talk about the range within that new origination yield? And is there anything such as old commitments that are funding up at lower rates. Anything that’s influencing that number lower? And how you would expect new origination yields to progress over the next 12 or six months?
Bryan McDonald: Yes. I mean, the range went from kind of the 6% range all the way up to 8.5%, just kind of looking at the full quarterly averages. So anything that’s tied to a variable index prime or so far, you’re getting strong rates. If you look at the renewal percentage, the rates on the renewals were over 8% for the quarter. Where we’re really seeing strong pressures, anything C&I or owner occupied or anything kind of business related and that’s, because Heritage and our competitors are really focused on deposits and that commercial category. So it’s been super competitive in that space – the investor real estate or the construction less so. Your question on – did we have a carryover of commitments we made last year and the early part of the year, yes. And we’ve largely worked through that. So we expect to continue to see the pricing move up over the next few quarters, again, both spreads and indexes benefiting us at this point.
Andrew Terrell: Okay. That’s very helpful. I appreciate the color. If I could sneak one more in. Just – do you have the total dollar amount of syndicated credits in the portfolio?
