Stephen Scouten: Okay. That’s helpful Jay. And is the €“ are the costs on the wholesale based on what you guys are seeing €“ are the cost on the wholesale better than what you’re seeing in your markets and in your branches on the CD side or is it just that in terms of filling the gap in terms of the volume that you need that brokered CDs are better than the FHLB?
Jay Brogdon : Yes. It’s really €“ certainly, anything we’re doing on the CD side, whether it’s what I’ll call core versus brokered is more advantageous than anything we could do FHLB or otherwise right now. And so, our first preference and priority is always on the core side and that’s where we’re focused again to Matt’s earlier comments, but the competition across all of our geographies is pretty fierce there. And so, to the extent we need to fill the bucket further that’s where we go wholesale.
Stephen Scouten: Yes. And Matt’s comment was really interesting and I think something we’ve been seeing a lot maybe to my surprise this quarter especially is in the more rural market. Where are you seeing that? Is that like a lot of credit union competition that’s popping up or what’s driving maybe more competition in rural markets than I feel like we’ve seen in the past the upgrade cycle?
Matt Reddin : What we’re seeing and I can’t speak to other competitors seeing, but really throughout our community markets, not any specific state, what we’re seeing is a result of the Bank’s balance sheet. And there’s somewhat maybe potentially not with, but from their bond or investment portfolio and so they’re trying to fund in a new way that they’re not used to and it’s laser focused on funding right now and resulting in what we’re seeing on the special deposit side what we’re seeing the most interesting rates are offering.
Jay Brogdon: Yes. And I’d say something we’ve talked about too on that. It’s certainly been other community banks. Stephen, I think you called out one we’re seeing. I mean, we were looking at a flyer, I think late last week that we saw from a credit union and footprint in one of our footprints with really aggressive CD rates. So, it’s across the board from a competitive point of view in that area.
Stephen Scouten: Yes, that’s interesting. And maybe brings up another point too there is stress on some smaller community banks, I think, in particular, on their balance sheet, on TCE, on the funding side of things, when you guys have been a little less aggressive in terms of your commentary around potential M&A, but is that something you guys have a greater appetite for in 2023 if there’s some, I don’t know, weakness in potential targets?
Bob Fehlman: George, do you want to?
George Makris: Sure, Bob. I’ll take that. Stephen, we would always consider a strategic opportunity with regard to M&A, but we are not actively pursuing that at this point in time. You’ll hear a lot more going forward about our Better Bank Initiative. And I think maybe an appropriate time just to talk about where we are in that regard. In the fourth quarter, we announced some management changes and that is very specific to our next three to five year plan. Bob Fehlman is now our CEO. Congratulations, Bob. And Jay is our President and CFO. Congratulations to Jay. We’re in a period of time where we’ve together over the last 10 years, 14 acquisitions. And I would say those have been very, very successful and our financial metrics sort of bear that out.
