Kelly Motta: Got it. That’s helpful. Maybe last for me and then I will step back and let some more into the queue, but just wanted to ask on the deposit side. There’s been some pressure on non-interest-bearing over the past year after increases during COVID. I am wondering kind of the cadence of deposit flows when you anticipate to starting to slow down and it looks like the gap was funded with time deposits, was any of that brokered funding? Just any color as to the cadence of mix shift and
David Morris: Okay.
Kelly Motta: what your funding was?
David Morris: Okay. Our biggest issue has been, we have these couple of trust accounts, which I have talked about in the past, which we asked to have moved last year December had about $550 million with us and we asked them to move it down between $250 million and $300 million, of which they did. But one of them is a crypto company exchange and that went again with crypto winner from $250 million down to 1 — approximately, I mean, $150 million at the end of the third quarter and then in the fourth quarter, we decided to have one of the customers we sub — one of our — the sub customers. We had a discussion that I didn’t really like that customer and two weeks later, they moved that customer out of our book, we went from $150 million down to $25 million, okay?
So that’s the big issue with the demand deposits. $300 million was planned to go off, then we had the crypto winner with the one that went from $250 million to $150 million and then we asked — we are still banking this customer, we asked that one big customer, we didn’t really like them and we asked them to move away, okay? And that is not FDX or anybody else that’s headlined in the news, just so that you know.
Kelly Motta: Got it. That’s helpful, David. If I could just sneak in a follow-up to that real quickly. Those are quite large accounts. Just wondering now that you have taken those levels down, what is — any color as to kind of what the largest account sizes are at the bank? I am not sure if you want to frame it as top 10 accounts or however you look at it, but just curious as to any
David Morris: We have.
Kelly Motta: sort of large customers that
David Morris: Okay.
Kelly Motta: could add to the pressure?
David Morris: Yeah. We have — our policy now is no customer over $100 million, okay. No single customer. Well, when I say single, single relationship over $100 million with the bank anymore, okay? And we do have some
Kelly Motta: Got it.
David Morris: we have most of our high are — most of our people that have deposits over $25 million are either directors or former directors or also our former Presidents of banks that who left companies of banks that we have purchased, okay. So when you look at that, we have a good number, we have retained a good number of the deposits from the either the chairperson or the President of the banks that we have purchased in the LA region, okay.
Kelly Motta: Awesome. Thanks for all the color today, David. I will step back.
David Morris: Okay.
Operator: Thank you. Our next question is coming from Nick Cucharale with Piper Sandler. Please go ahead.
David Morris: Hey. Hey, Nick.
Nick Cucharale: Good day, everyone. How are you?
David Morris: We are great.
Nick Cucharale: Good. I just wanted to make sure I heard your NIM commentary correctly. You are expecting a 4% in the first quarter and do you have any color on that — on the trajectory throughout the year or just sense of magnitude at this point?
