Matt Olney: Okay. Okay, guys, thank you.
J.J. Fletcher: Thanks, Matt.
Operator: All right. Thank you so much for your question. One moment for our next question. All right, our final question comes from the line of Christopher [indiscernible], sorry, with Janney Montgomery Scott LLC. Your line is now open.
Unidentified Analyst : Thank you very much. Hoppy I wanted to ask a question about the CDFI, and from a strategic standpoint, what does it mean to you to do a CDFI these next couple of years and how do you see it kind of continuing to build franchise value for The First?
George Noonan: Well, there’s a lot of unknowns around the CDFI right now, Chris. They’re talking about changing what the qualifications and so where we’ve always qualified, I don’t know what those new qualifications are going to be in order to be a CDFI. But it means to us it goes in lockstep with our CRA requirements in serving underserved markets. And so there is grant programs that go on with it we talked about, which are a couple million dollars a year, but it’s also growing the franchise across the Southeast. There’s a lot of underserved markets, so it gives us an opportunity to invest in those markets and lend in those markets as we move forward. I don’t know on the grant side, it’s hard to know. Those are typically appropriated by Congress, so it’s hard to tell how much grant money comes and win, with exception of those sort of reoccurring grants that we talk.
And even the BEA Award, which is the Bank Enterprise Award and the FA Financial Assistance Award are subject to congressional appropriation. So we think those will continue on. But again, it’s an important part of our mission.
Unidentified Analyst : Got it. Thanks for that. Back to the office real estate discussion from the earlier in the call, you have a predominant amount of sort of low storey buildings, I’m presuming two-storey buildings dominate the portfolio, which means under an adverse scenario where you had to take one back, you really could repurpose that and probably have a lot different loss experience better than your peers. Is that a fair kind of way of thinking about it?
J.J. Fletcher: I think that’s a fair statement. It would be much more difficult to repurpose a mid rise or high rise tower for residential or any other use otherwise, but a two-storey or maybe even a three, I think, you’d have a lot more optionality to be able to do that. I would say even in our non-owner occupied segment, a fair amount of square footage in many of those properties is from an owner occupying at least part of the building. So there’s that also in consideration as well. But, yeah, I think, your statement is right on to that point.
Unidentified Analyst : Great. Thanks for that. And then, Dee Dee, just a quick one for you on the accretion income, does that level out as we get deeper into 2024? Just kind of trying to think beyond the next few quarters, kind of how that will proceed?
Dee Dee Lowery: Yes, I think that’s a fair statement. We had that big increase last quarter because we basically got all the loans from Heritage on the system, and it’s just a function of getting them loaded on an individual basis. So now this quarter we had from all of our acquisitions are all on the system and accreting as they pay down or pay off. So I think that’s a fair statement to hopefully level out right here where we are going through next year.
Unidentified Analyst : Great. Thank you all for the background and information this morning. It’s very helpful.
Dee Dee Lowery: Thanks, Chris.
Operator: All right, thank you so much for your question. [Operator Instructions] All right, I’m showing no further questions at this time. I would now like to turn it back to Hoppy Cole for closing remarks.
Hoppy Cole: Well, thanks everyone, for your participation this morning. Thanks for your reports. We’ll look forward to visiting again after next quarter results. Thank you.
Operator: Thank you for your participation in today’s conference. This does conclude the program you may now disconnect.
