SmartFinancial, Inc. (NASDAQ:SMBK) Q3 2023 Earnings Call Transcript

Feddie Strickland: Got it. That makes sense. And then my other question was, what should we expect in terms of the trajectory of overall earning asset growth and earning asset growth — just asset growth in general, just with all these upcoming maturities, both in terms of loans and securities. What I’m trying to get a sense for is, whether all these maturities are put back into new loans and securities or do you potentially continue to pay down some of the borrowings that are still there on the liability side.

Ron Gorczynski: Yeah, Feddie. Again, depending on our loan growth, we expect it to put it to our loan production. Fortunately, we don’t have any borrowings to pay down. So, if we wind up in an excessive cash mode we would either invest it in securities which is — the rates are getting more favorable as we go along or be more prudent in our deposit pricing as we go forward. We will have some options to go to do that.

Feddie Strickland: Understood. Thanks for taking my questions, guys.

Billy Carroll: Thank you.

Operator: [Operator Instructions] We have no further questions on the call, so I will turn back to Miller Welborn for closing remarks.

Miller Welborn: Thanks Seb. And thanks again to each of you for joining us today. As always, please feel free to reach out to any of us directly if you have any additional questions. And I hope each of you have a great week. Thanks. Goodbye.

Operator: This concludes today’s conference call. Thank you all very much for joining. You may now disconnect your lines.