And then on the expense side, we feel really good about our ability to manage expenses. I think we’ve proven that over time with the Better Bank Initiative. And we’ve got a number of things that we’re still have in the hopper that we’re looking at, although we are making investments, so don’t want to be lost on that. We’re making investments in people, process and tools across the bank. So I would tell you, our guide doesn’t change. There may be a little bit of seasonality. The first quarter had some payroll taxes and 401(k) that’s generally higher. But then in the second quarter, you’ve got [indiscernible] that’s going to come in. So we’ll stick to that guide. But I think back to your original question, 2%-ish is probably a fair place for us to be.
Jay Brogdon: Yes. And the only thing I want to further emphasize there, Daniel hit it, we’re making investments all across the bank. Our focus right now is pretty relentless in self-funding those investments where we can. And we’ve had good success with that last year and into this year, and we’ll continue to be very, very focused on that as well.
Thomas Wendler: Great. I appreciate the color there. And then just kind of shifting gears here. Can you give us an idea of your appetite for repurchasing shares at current levels?
Bob Fehlman: Yes. I’ll just kind of reiterate kind of what our strategy is on our capital right now. First off, it’s our dividend to our shareholders and providing enough capital for organic growth. Those are number one priorities for us. The next priority right now is our balance sheet optimization. In the fourth quarter, we had a bond sale. We would have liked to had another bond sale in Q1. The rates kind of moved against us as the 10-year moved up. We’re going to time those when it’s right to do it, not just doing to make them happen. We could — what we call rip the band-aid off today, but we think there’s a lot of analysis that we go through that shows it’s better to be prudent and do it balanced over a period of time.
So we continue to look at it. We didn’t repurchase any shares in the first quarter. We’re kind of in a wait and see of where we put that capital used to going forward is it balance sheet optimization, is it debt retirement, is it stock buyback. Any of those is where we’d like to put that cash and capital to use.
Thomas Wendler: All right. Thanks for answering my questions guys.
Bob Fehlman: Thank you.
Operator: There are no more questions in the queue. This concludes our question-and-answer session. I would like to turn the conference back over to George Makris for any closing remarks.
George Makris: Well, thank you very much for joining us this morning. As you can tell, our industry still has a lot of uncertainty and speculation associated with it, and we’re looking forward to moving to a more neutral interest rate environment. And in the meantime, as we wait for this normalization, our focus is still on our solid principles of asset quality, capital growth and flexibility. I think you’ve seen that in our performance, and I think you can see that going forward. I appreciate all of the work of this team, and we appreciate your participation today. Thank you very much, and have a great day.
Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
