Operator: Our next question comes in line of David Bishop.
David Bishop: Hey, good morning, guys. Hey, Chuck or Mike or Tracey, quick question. It sounded like you noted that payoffs were a little bit elevated this quarter versus last and may have restrained loan growth. Just curious if you had that number versus last quarter. Then maybe Michael, in terms of the maturity schedule, next year and fourth quarter, just curious maybe what the roll-off yields are looking like versus the add-on yields. Sounds like add-on yields are close to 8% if I heard right. Maybe just some color on those topics.
Michael Young: Yes, sure. So the payoffs this quarter were about $270 million, which is a little higher than what we had been seeing. And that was a little higher yield, though, 6.3% roughly. So seeing some of the variable, higher rate loans pay down as people just, decide to kind of pay down those lines once you get to certain high levels of absolute rates. The new origination yields were, yes, upper 70 or upper 7 for sure, 7.8% roughly in the quarter. And then as we look forward into Q4 and next year, we’re seeing kind of fixed rate book paying off and paying down in the mid-4s to maybe high -4s, so definitely a positive trend as we see that new originations are placing kind of runoff of a back book and refinancing a back book so.
David Bishop: Got it. And then did I hear that the deposit inflows this quarter came in somewhere around, was it 250 replacing the brokers at 5%, I wasn’t sure, right, in fact, thought those numbers right earlier in the call.
Michael Young: Is a little higher than that on a blended basis, probably in the mid-3s. So replacing broker at 5% that would have rolled up, certainly in this environment, probably up to the mid-5s. So that was a strong makeshift for us this quarter. And that did occur throughout the quarter, so we’ll see some impacts of that benefiting Q4 a little bit.
Michael Young: Got it. And then Chuck, I’m sure a topic you love to talk about, you mentioned the IOTA impact. Any chance, any lobbying efforts out there to get that overturned, any chance that goes away here in the near term, you think that’s pretty sticky here for the duration or releasing [inaudible] term?
Chuck Shaffer: I’ll be careful with my comments here, but I would say the Florida banking industry is working really hard to get that issue to a better place, and I’ll probably leave it at that.
David Bishop: Fair enough. And then maybe a question for the critical eyes, guys, just to make sure they’re still awake. Curious, we’ve heard a lot of other competitors talk about some issues in the senior care or assist delivery industry. Just curious, any exposure there, and if so, what you’re seeing in terms of your trends internally?
Chuck Shaffer: David, you want to take that one or James?
David Houdeshell : Well, I would say first and foremost, we are aware of the issues in the industry. We’ve had conversations with peers about it. The good news is that Seacoast exposure is minimal. I think we might have one or two small facilities, but it’s not even on my radar.
Chuck Shaffer: We’ve never been in the space. Never really liked space for a lot of reasons, and it’s just not something we’ve done much of.
Operator: Our next question comes from the line of Brandon King.
Brandon King: Hey, good morning. So with rates potentially peaking here, I just want to get updated thoughts on how you are expecting to manage the balance sheet as a sensitivity going forward. If you’re debating any sort of strategy, you make kind of participate extend duration from here.
