Steve Crockett: Yeah, tangible common equities one, we’ve definitely looked at. We’ve been in the high eights. We were in the low nines, I guess. Previously, CIOs kind of brought that back down but, we that’s one that that’s one that we keep up with and we feel we feel good with where we’re at and even unfortunately, with what could occur if the bond portfolio went down a little bit more, but I think we’re that’s a ratio that we keep up with. Curtis, is there any?
Curtis Griffith: No, that’s — we look at that CET1 as well. But at the end of the day, TCE is really what you got at the end and I think if you don’t recognize that and you’re not understanding the real value of your bond portfolio, if you continue to put it in there, just at a basically an inflated number. So that’s really the one we look at more and yeah, I think somewhere in the eights on that is a good place to run a bank.
Joe Yanchunis: Understood. Well, those are all the questions I had. Thank you very much.
Operator: Thank you. There are no further questions at this time. I’ll hand the floor back to management for closing remarks. Thank you. End of Q&A
Curtis Griffith: Well, this is Curtis Griffith and thanks, everyone, today for participating in the call. We continue to work through the challenges, and there are certainly a lot of them out there in the current environment. We’re dealing with rapidly rising deposit costs across the economy and we are very thankful to have the kind of long term, long standing depositor relationships that we do to be fortunate to be out here in some rural markets and across West Texas that have allowed us to retain deposits a little better than some of our peers and I think we’re going to still work hard to do that. But at the same time, we see some continuing economic growth in the State of Texas. It’s certainly slowed and I think markets will have to be very have to be very selective in specific areas that we’re advancing our loans, but we have a great team that handles the loan production and the underwriting and we’re going to be very cautious in how we do that and going forward, try to certainly minimize whatever loan losses may occur and I do think that as the as we peak out in interest rates, that there will be some difficulty out there in in our loan books all across all banks and we need to be well prepared for that.
We think we are with a very strong allowance for credit loss today and we’ll watch it all the time. We continue to stress our loan portfolio and look for any cracks that may be appearing and be prepared for them. So with that kind of cautious and conservative management in place, we still think that our stock is a is a good place to keep your money. And we’re excited to move forward and take advantage of some opportunities that we do think will be coming our way in ’24 and I think some of those will be the result of disruptions in our local markets and we’ll continue to monitor all those chances and again, we have an awesome team, and I’m so proud of them and we will continue to add additional team members when those opportunities present themselves.
With that, I’ll end the call and thanks, everyone, for being here today.
Operator: Thank you. This concludes today’s conference. All parties may disconnect. Have a great evening. Thank you.
