Tim Laney: And historically and currently, time deposits have not been a meaningful part of our marketing campaign. And I wouldn’t expect to begin doing so in ’24. So obviously, it’s an important part of the balance sheet, but it’s not an area that we heavily rely upon.
Andrew Terrell: Yes. Understood. Okay. And then just maybe netting together on the margin. Sounds like — I mean, the month of September, not far off the quarterly average, the guidance for the fourth quarter is pretty close relative to where you came in at in late September. And it feels like with new originations coming on at that kind of clip and maybe some lingering deposit pressure, does it feel like you can kind of hold that margin in this in this 3.85% type band moving forward? Or is it more of kind of wait and see?
Aldis Birkans: Well, outside that for fourth quarter, we feel pretty good about that guidance, and it certainly is showing a slowdown, right, in terms of pace of decreases from 30-something basis points to 15 last — in the quarter before, 15 last quarter and certainly implying here a slowdown again. Where are we going to be in 2024, we’ll wait to provide our guidance until our January call.
Andrew Terrell: Yes. Understood. Okay. And then last one, Aldis, do you have — on the MSR sale this quarter. Do you have what the pricing was on that sale? And then do you anticipate any more MSR sales moving forward?
Aldis Birkans: Starting with the latter one. Nothing in near term. We certainly — this is our second one in the last three years. And what we do is it’s really — it’s not necessarily for the gain, we manage risk, operational risk purposes. We do these sell-downs. And since we are not building — rebuilding that asset as fast given the mortgage business right now, I don’t foresee another sale in near term here. In terms of pricing, it’s something that we haven’t disclosed. And I can say — I will say that we sold down approximately half of our assets and half of our portfolio that we were servicing here, which just another component here is going to provide us opportunities to think smartly how those resources that were supporting that portfolio will be allocated on a go-forward basis.
Operator: We’ll next go to Andrew Liesch with Piper Sandler.
Andrew Liesch: I think you’ve covered nearly everything. On expenses, you mentioned the 2UniFi cost much stepping up to $3 million this quarter. Is $3 million a good run rate? I guess, how should we be looking at those costs going into next year?
Aldis Birkans: Again, well, I’ll — for full year, I’ll provide guidance in terms of what 2024 will look like in January, I’ll say that $3 million is today’s run rate, and that’s where we were in September. That’s where it will be in October in terms of quarterly run rate. So I’ll just leave it at that.
Andrew Liesch: Got it. I guess as far as 2UniFi is concerned, I mean, when do you think we could start to see some revenue from that business falls to the bottom line earnings?
Tim Laney: Yes. We believe we’re going to be positioned to take 2UniFi on the road and begin to demonstrate some of the friends and family work that we’re doing — we’ll be doing with it in the second half of ’24. I wouldn’t expect meaningful revenue to be coming in, in ’24. It’s really more of a ’25 focus and beyond.
Operator: And I am showing we have no further questions at this time. So, I’ll now turn the call back to Mr. Laney for any closing remarks.
Tim Laney: Thank you again. And I would just thank everyone for joining us today, and feel free to follow up if you have other questions. Have a good day.
Operator: And this concludes today’s conference call. If you would like to listen to the telephone replay of this call, it will be available in approximately 24 hours, and the link will be on the Company’s website on the Investor Relations page. Thank you very much, and have a great day. You may now disconnect.
