Chuck Shaffer: Either way, I think about a Brady is, we’re focused, like I mentioned, in my prepared comments on two things or kind of our two priority focuses. One is deposit growth is very important. And two is expense management. I think we still have opportunity on expenses here going into 2024. We’re keenly focused on that inside the company right now. If we sell a team or a banker or bank, a few bankers that we’re, be immediately accretive. They have the ability to drive business to us that fit our culture and want to be a part of us. We certainly would look at those opportunities, but I would describe it as being carefully optimistic or carefully opportunistic is the best way to describe it. We’re not going to aggressively go out and hire right now. If we see somebody that’s really a strong player and wants to join the franchise, we’ll certainly look at that. But the expense management is a key focus of ours and really will be going into 2024.
Brady Gailey: And by expense management, I know you closed the location and that the reduction, I mean, is that still on the table going forward? Or do you think you’re kind of done as far as announcing your cost reduction plans.
Chuck Shaffer: I think there’s more work for us to do. I don’t want to get into sort of specifics on that because we need to work through that, but I think we still got some opportunity.
Brady Gailey: Okay. All right. And then, I liked hearing the comment about the market share that Seacoast has now improving to number 15. You want to get into the top 10. Any idea or do you have a goal of when you’d like to get into the top 10? Is that a couple years away? I’m just curious how you think about the possible timing there.
Chuck Shaffer: I think about it this way. We want to be an upper quartile performer. We want to deliver strong shareholder returns, and that’s our priority. Growing market share is part of that but priority one is delivering returns, priority two is growing market share. And so if we see opportunities, we’ll take them. There’s no sort of timeline to that. It’s more balancing and appropriate investment to return to expense management as we move through time, but no timeline, just more importantly delivering good returns to our shareholders.
Michael Young: And Brady, I’d just add on the heels of that, not all deposit market shares the same, right? We don’t have deposit verticals and things like that that we’re driving after. Ours are true, generally customer funds, so it’s not just some corporate deposits that are placed somewhere.
Chuck Shaffer: Yes. We’re after generating franchise value.
Operator: Our next question comes from a line of Russell Gunther.
Russell Gunther: Please receive your question. Hey, good morning, guys. Just wanted to follow up on the loan growth conversation. Appreciate all the color on how you’re thinking about things. Just one from a growth volume perspective, modest growth in ‘24. You guys think about that as a low single digit number, a mid-single digit number, and then wherever volume shakes out just maybe the mix you’re contemplating.
Michael Young: Yes, I think, listen Russell, I would gauge that based on kind of the economic backdrop that we find ourselves in 2024. I think we’ve been pretty conservative, right, about what we thought that might look like in particular in the first half of the year. Obviously, with a very strong GDP print here recently, maybe it’s a little bit better but not sure on, sort of the macroeconomic forces. We are seeing, as Chuck mentioned earlier, kind of competitors pull back and retrench a bit and so that does present an opportunity potentially to pick up market share but, all that together, I think we see good production and I think we’ll start to see, the kind of balances grow as we move into 2024 but hard to put a fine point on it, depending on kind of what the macroeconomic environment is that we’re in.
