Lynn Kerber: Yes. Thank you. As far as leasing, we are really focusing on our key leadership roles right now. We’ve hired three key individuals and have a couple other key management roles that we’ll be adding in over the next month. Then we’re going to really just start focusing on standing up the tent and getting the operation going as far as new originations and syndication type activity. Don’t see a lot of sales and servicing type adds until probably late second quarter, and then wrapping up third quarter, fourth quarter. So as far as dollar amounts, I don’t know whether I can give you that specificity this morning. But it’s going to ramp up, and I think you’ll see it be aligned with new originations, and that cadence will kind of match and align, with some of our expense outlays later in the year.
Brian Martin: Got you. Okay. Thank you for that. And then just two last ones. Just in terms of the mortgage contribution this year. I guess, it sounds like consistent with the industry outlook, I guess your expectations for mortgage would just I guess is it – I guess if mortgage would be improving in 2024. That was number one and number two is just on the credit front, given how strong the performance has been. Any areas you’d point to as far as that you’re a little bit more concerned with today, or watching more closely within the portfolio?
Thomas Prame: It’s Thomas, thank you for the question. As far as the mortgage piece, we’re anticipating aligning with – the MBA forecast is, which would be a little bit softer Q1, some recovery coming back in Q2. And then probably more aligned with 2023 production as we get in the second half of the year. The mortgage piece for us, we have not seen anything material in – credit quality there. Again, most of our assets are sold with servicing retained. The assets that we do put on our balance sheet, are exceptional quality, as you can see from the slide around FICOs and debt-to-income ratios. And I’d say we’re pretty – we’re relatively conservative in our strategy there. We do feel though, with our excess liquidity that it is going to give us an opportunity to portfolio some higher quality clients as we go forward.
Because the rates that are in the market right now and where we have excess liquidity, is going to give us some flexibility there. So, we do think there’s an opportunity there, but that would not be fee income-driven, that would be more of a balance sheet growth for us.
Brian Martin: Got you. Okay. Perfect. Thank you very much.
Thomas Prame: Appreciate the questions, Brian.
Operator: This concludes our question-and-answer session. I would like to turn the conference back over to management for any closing remarks.
Thomas Prame: Thank you. And again, thank you for participating in today’s earnings call. As stated, we are very optimistic about 2024. The momentum in our lending platforms and our excess liquidity at year-end positions the franchise well, to continue to fuel the strategy of growing high-yielding assets, and increasing top-line revenue. Our core community banking platforms are gaining momentum and we expect to see additional lift as our equipment financing team comes to life in the subsequent quarters. We believe the balance sheet is extremely well positioned for potential lowering rates later in 2024, and the resiliency of our Horizon’s deposit portfolio continues to deliver promising results. Even in an extended elevated rate environment, these positive tailwinds add to the value created by Horizon’s disciplined operating model and our conservative credit culture.
Lastly, as we close out the call today, I wanted to thank our industry partners and peers who reached out to provide support and well wishes regarding the passing of our independent director, Spero Valavanis. Spero was a member of the company’s Board of Directors since 2000 and the bank’s Board since 1998. The organization significantly benefited from Spero’s experience and reputation as a successful entrepreneur and community leader. But he would be most remembered as a dedicated father, a grandfather, and a friend who had all the pleasure of meeting him. On behalf of all of us at Horizon, I want to express our condolences to Spero’s family and thank them for sharing Spero with the Horizon family for over two decades. Thank you again for your attendance today.
And we look forward to our next update in April.
Operator: This concludes the conference call today. Thank you for attending today’s presentation. You may now disconnect.
