George Makris: Gary, this is George. One other thing. In our presentation on Slide 13, we specifically deal with our portfolios and office, retail, and constructions. And I think when you take a look at that, you’ll find that our portfolio is well diversified, smaller loans, more rural in nature and those three categories seem to be the ones that are top of mind with regard to credit risk. Our portfolios are a little bit different and very reflective of the conservative underwriting and the community bank nature of our bank. So, if you wouldn’t mind, just take a look at Slide 13 to understand a little better the three highest areas of credit risk with regard to investors perception across the country.
Gary Tenner: All right. Thank you for that. And just last question on the expense side. The comp line has kind of bounced around a little bit the last couple of quarters dipped in the third quarter back up here again in the fourth quarter. I think you called out some incentive comp accruals that were recorded in the third quarter, but that comp line moved up higher this quarter. So, had there been reversals in the third quarter that now, kind of reset in the fourth quarter? Just want to make sure I understand that clearly.
Jay Brogdon: You got it. That’s exactly what it was, Gary. So, you had reversals in Q3. We called that out in the third quarter. And that sort of more normalizing back in the fourth quarter.
George Makris: And keep in mind, Gary, one other point is, we always like to remind people Q1 is going to be a little higher as we get all the to payroll taxes and 401(K)s and all of that is the first quarter is always higher. One other comment we should have said earlier on just on our logistics here, we apologize for the loud banging noise. There’s a lot of construction going on in downtown Little Rock, which is good, but they happen to start the banging just as our call started today, so we apologize for that. Additionally, not sure if you’ve noticed, but we have two of our staff that is working remotely trying to isolate and keep everybody else safe. They’re all doing good, but we’re having to logistically handle that today. So, hopefully none of that interfered with the call today, but just wanted to call that out logistically.
Operator: The next question is from Matt Olney of Stephens. Please go ahead.
Matt Olney: Hey, thanks. Good morning, everybody.
Jay Brogdon: Good morning.
Matt Olney: I want to drill down on the construction portfolio and the funded piece continues to increase and obviously it’s moving from unfunded to funded. It looks like the unfunded portion moved down slightly. I’m curious if you think that unfunded piece has now peaked, it will move lower. And then if so, you expect the funded portion to peak here shortly as well? Thanks.
Matt Reddin: That’s a really good question. Yes, you’re correct. And I would say, we have peaked on construction unfunded commitments, not our overall unfunded, but the construction unfunded commitments, I’d say we saw that peak this quarter. Now, your question the peak coming on the construction funding near? No, it’s not. It’s actually due to the equity that is in the average equity within most of our CLD loans at around 40% if not more on occasion. So, really that ramp up peaks much further out. I would say that’s something that we’re very focused on analytically of where those peaks arise and where do we need to start originating more CLDs, always thoughtful on credit for us, but you’re right €“ we believe it did in the fourth quarter, but the outside where it funds up, I think is far into the future.
