Joseph Yanchunis: Perfect. I appreciate that. And last one for me here. As asset qualities, it’s remained pretty strong throughout the December quarter. So as we think about this next year, is there a potential if we move through the year and we hit the soft landing that we could start to see some reserve relief for you, which would be somewhat of a tailwind. Just kind of curious your thoughts of kind of provisioning year-over-year in the credit outlook.
Brent Bates: Joe, this is Brent. We’re still seeing, I mean, past dues normalizing and occasional credits that have deteriorated. We’re just working hard. I mean it’s where we wound up at the end of the quarter was because of the work we accomplished during the quarter of exiting some, repairing some, downgrading a few. So we’re still seeing some activity coming in and out of there. And I think it kind of really all depends on the long-term effect of the rate rise and how that moves through the economy and we still are modeling in our model, having some more stress than we have today in the overall economy. If we don’t see that at some point in time, of course, we’re going to reassess it. But right now, we’re still kind of thinking, there’s still a chance of a little bit of volatility in the overall economy. So when we, I guess, move away from that thinking process, there’s a potential we would see some reversal out of there.
Cory Newsom: I think if you start seeing from our standpoint, we see enough rate relief. Our volume is going to pick up enough that we’re probably going to offset that pretty quickly from a growth standpoint. So while we — I would say this. While we would like to see relief in that, we are not dependent upon that for the — where we’re trying to drive earnings.
Curtis Griffith: I think you can count on us always leaning on the conservative side about what’s in that reserve. It just lets everybody sleep a little better at night. And there are metrics that do justify it. We’re just — we’re not seeing huge difficulties in our portfolio. But as Brent said, when we spot something, we start working it right then. We don’t let problems fester because that usually doesn’t end well. So we will stay as conservative as reasonably possible, I would say, in keeping the reserve in there. If the mathematics really do indicate we need to pull some out, we will. But as Cory said, the hope is that we get enough additional organic growth moving into ’24 that it will use up any adjustments that would be related to the overall improvement in the economy.
And purely speaking for myself, there’s still a lot of unknowns out there and one of them is we got an election coming this November. And I don’t know what the world is going to look like after that. So we’re going to just err on the cautious side.
Cory Newsom: Joe, you know we’re conservative and we’re always going to underpromise and over-deliver whenever we can.
Joseph Yanchunis: Got it. All right. Well, I appreciate you taking my questions. Thank you.
Curtis Griffith: Thanks, Joe.
Cory Newsom: Thanks, Joe.
Operator: Thank you. We’ve reached the end of our question-and-answer session. I’d like to turn the floor back over to Curtis for any further closing comments.
Curtis Griffith: Thanks, operator. Thank all of you for joining our call this morning. You’ve heard us discuss we are entering ’24 in a real solid position. We think we have some good opportunities for growth in the bank and to highlight just a few of those one more time. We do have an improved treasury management team. We think that’s going to drive both fee income and core deposit growth during the year. We are getting a gradual remixing of loan and securities portfolios into higher-yielding loans. And coupled with what we expect is low single-digit loan growth if the Texas economy remains healthy, we’ll drive our net interest income growth. And as we’ve touched on multiple times, mortgage has certainly been challenging over the last several months, but we remain positioned to handle some improving volumes.
And I think we’re getting a build-up out there of needs for some financing that is going to start breaking loose as rates begin to come down, we’re going to be well positioned for that. And most importantly, the credit quality of our loan portfolio does remain solid. So I’m excited for the year ahead. We thank you all for your time today and we hope to see you again soon. Thanks.
Operator: Thank you. That does conclude today’s teleconference. You may disconnect your lines at this time and have a wonderful day. We thank you for your participation today.
