Todd Gipple: Sure. We’re really looking for a range of 49 million to 51 million. Again, we’re pleased with the outcome on our expense run rate that’s staying under the 5% in our 9, 6, 5. So that would be our guidance, 49 million to 51 million, gives us a little bit room for some increased costs there, but we feel very good about run rate on noninterest expense. We have really accomplished a great deal of the cost saves from the Guaranty Bank acquisition and merger and integration. We did carry a little bit heavier staffing over year-end. We really wanted to make sure we were taking great care of clients and making sure we were doing all the right things from a control environment perspective. It’s a marathon, not a sprint. So, we wanted to make sure we have things well in hand over year-end.
We mentioned some of the incentive-based compensation in a little bit of the in fourth quarter expenses. We also got more fully staffed. One of the things we didn’t really talk about in our opening comments, but you might have noticed that our FTE headcount was up linked quarter. So, we’re doing a lot better job of getting fully staffed and things are going well from a people perspective.
Damon DelMonte: Okay. Great. And then just one quick final question. With respect to like the commercial real estate portfolio, how much office exposure do you guys have? And are you seeing any signs of weakness in that segment?
Larry Helling: Yes, I’ll take a swing at that one, Damon. Our office exposure is about 3% of our portfolio, so we don’t have big exposure there. And as I look at it, we only €“ we have 16 deals that are over $3 million in size. 13 of those are 100% leased, and the others really have pretty good sponsors. And the one €“ we had one struggling deal that we got paid off during the fourth quarter. So that portfolio is performing really well. We have very little what you would think about in big markets where we’ve got office towers, still with multi-tenants. We have very little of that. Our tenants are more likely government-related entities, accounting firms, medical office facilities, those kind of things. And so, ours are holding up really well so far. So, really no issues in that portfolio so far. Again, it’s about 3% or 188 million of our total portfolio.
Damon DelMonte: Great. Appreciate the color. That’s all that I had. Thank you.
Larry Helling: Thanks, Damon.
Operator: Our next question comes from Daniel Tamayo with Raymond James. Please go ahead.
Daniel Tamayo: Thanks for the question. Good morning, everybody.
Larry Helling: Good morning.
Daniel Tamayo: Maybe we just start €“ I know you gave the outlook on the swap fee income. And it does feel like we’ve hit a pretty stable run rate for that line item. What would you expect to be, kind of the lever for that run rate to, kind of increase back to levels that you saw in prior years. It’s €“ beyond 2023, I guess, is how I’m thinking about this.
