Brendon Falconer: Yes. That’s been fairly persistent. We continue to go out there. We’ve been unapologetically aggressive and gathering new deposits. And so that’s creeped up a little bit every quarter. And we’ll continue to be aggressive, although we can do that at marginally lower rates in this environment than we have over the last couple of quarters. So we think that exception price or marginal cost will be a little lower than it has been. But that — yes, that’s been a big part of our success this year.
Jon Arfstrom: Okay. Slide 19, you talk about your commercial real estate maturing inside of 18 months. And just a small bit of it is you’ve got that 4% demarcation line, and I understand that. But what is the message here on credit? Is it that we’re going to see some incremental NPLs as this stuff gets repriced and reworked or you’re just — you’re not seeing that at this point in time?
Mark Sander: We’re not seeing this at that — that at this point in time. I think, again, the CRE office still has some time to play out. So could you see some go to criticized and classified. Could you see that increase a little bit? Yes. But we don’t — we think we’re ahead of identifying. We like to identify early and aggressively take action. I think that’s what we continue to do so we’re just trying to size up kind of where some of the risks are, we think they’re very manageable.
Jon Arfstrom: Okay, good. And then if I can add one more just Jim, anything on CapStar? Anything new to report or updates? And just you put out a date, I know it’s difficult, but just confidence level in putting that data out for a close. Thanks.
Jim Ryan: We feel really good where we stand today, both in terms of the people and the client opportunities. I mean every time we’re with our team members, both the existing team members and our new team members. We just feel really good about the opportunities. And I do think some of that growth we’re going to experience is going to come out of places like Nashville, Detroit, can’t say St. Louis. We’ve got new team members that we’ve hired in the last handful of years to continue to execute and create new opportunities for us that just weren’t available to us in the past. With respect to the regulatory applications, we feel really good about that. We’re in constant dialogue with the regulators. We obviously announced our addendum to our existing community growth plan, which we thought was an important step as a part of the process to get to the finish line here.
So I mean it’s hard to always predict exactly when you’re going to get approval for these things. But nonetheless, we feel really good about where we stand at this point in time. And more importantly, I just think Nashville, Tennessee, the Asheville location will continue to represent a great opportunity for us to grow and probably contribute in the future in a much more meaningful level than even a typical partnership on the size would contribute.
Jon Arfstrom: Okay. You’ve got some new Investor Day, potential locations as well.
Jim Ryan: I like it.
Jon Arfstrom: Thank you.
Jim Ryan: Thanks, Jon.
Operator: There are no further questions at this time. I’d like to turn the call back to Jim Ryan for closing remarks.
Jim Ryan: Well, as always, we appreciate your support and feedback and the entire team will be available to follow-up any questions you might have. Thank you very much.
Operator: This concludes Old National’s call. Once again, a replay, along with the presentation slides, will be available for 12 months on the Investor Relations page of Old National’s website, oldnational.com. A replay of the call will also be available by dialing 800-770-2030 access code 5258325. This replay will be available through February 6. If anyone has additional questions, please contact Lynell Durchholz at 812-464-1366. Thank you for your participation in today’s conference call. You may now disconnect.
