Paul Egge: I’d say the first capital action is the built. We — as a byproduct of these, these merger accounting adjustments ended up with lower capital than we’re used to carrying and lower capital than we expected to be carrying both merger. Obviously, a function of the industry environment. We wouldn’t trade it, by the way, because we’ve got a great earnings stream that comes from this interest rate environment. But it did obviously put a transitory hit on kind of that initial capital ratios coming out of the deal here. We feel good about where we stand. But given all the uncertainties in the economy, we’re looking forward to seeing that capital build relatively rapidly to give us more financial flexibility going forward to consider other capital strategies.
But first and foremost, we want to see that build, we’re fine with where it is. But we’re more — more is better in the current environment, and we look forward to seeing that builds first and foremost, such that we can be strategic down the line.
Matt Olney: Okay, thanks for that, Paul. And then I guess a clarification point from previously, I think you mentioned the expected CDI expense from the transaction in 2023, the $24.5 million in the presentation, did that include or exclude the additional $2 million from prior deals?
Paul Egge: That excludes.
Matt Olney: Excludes. Okay. So we’ll add that as well. Okay, that’s all from me. Thanks, guys.
Paul Egge: Thanks, Matt.
Operator: Thank you. And our next question comes from the line of Will Jones with KBW. Your line is open. Please go ahead.
Will Jones: Hey, great, thanks. Good morning, guys. Paul, just wanted to follow up on the margin discussion. Paul, it sounds like you guys expect new deposit costs to accelerate a little bit from here. But you’re also optimistic on the loan side with some repricing opportunities upcoming and getting good deals on your new loans coming on. It feels like just reading the whole picture that maybe the margin has a little bit of opportunity to expand from here maybe this is not a peak in the fourth quarter, I was hoping you could give us a little commentary on overhead margin, proceeds from here.
Paul Egge: Certainly, we, we feel like there is the possibility for additional upside, but we’re not focused on that. We’re focused on protecting what we feel is a superlative managers margin profile. And it’s, it’s more about protecting this on a go-forward, to the extent we can add to it incrementally, that will be crazy. But the real task in 2023 and beyond is protecting the advances we’ve really built into our business model through this merger. And the NIM profile is a big piece of that. So we’re humbled by the current industry environment. So it’s extremely competitive out there. But we are bullish about our ability to maintain the strategic and absolute advantages of merging our two companies here and creating solid.
Will Jones: Great. That’s super helpful. Thank you for that. And then just thinking about the balance sheet as a whole, there’s obviously a lot of moving pieces that do close with, the selling of some loans and the wind down of CBTX bonds. It’s really left in a great spot. When you think about it, though, minimal wholesale reliance and good cash positions, Are you guys happy with where the balance sheet landed, post to close, is there any more heavy lifting to be done in terms of some restructuring. And then just given the added flexibility, you guys built into the balance sheet, did you feel like maybe you could be a little bit more aggressive on the loan growth in the coming year rate, I think you’ve mentioned a low to mid-single digit growth range, but you at least come at the high end of that?
