Jane Funk: Well, probably the same way we always do. I mean, we did some capital injection in ’22 — in June ’22 with sub debt issuance. So we think our core capital, regulatory capital, our bank level capital is very strong. I mean we’re well above the well-capitalized requirements. The investment portfolio, the impact of AOCI has actually improved in the last couple of months of the year. So as the portfolio kind of pays down and rates stabilize a little bit more, that, in and of itself, kind of stabilizes that number. So as Dave mentioned, we declared a dividend this week that’s in line with historical dividend payments. And so I don’t see us making any wholesale changes in our procedures or processes for that.
Brendan Nosal: Okay, all right. Perfect. Well, thank you so much for taking all the questions.
Jane Funk: Thanks, Brendan.
Operator: Thank you. There are currently no additional questions waiting. Our next question comes from the line of David Welch with River Oaks Capital. Your line is now open.
David Welch: Thank you. I don’t know who to address this to, so I’ll just throw it to the group. And as a kind of background, I grew up in Iowa, and I made a career in Minnesota. I see a lot of banks like yours that have great ability to generate loans, not so great the ability to bring up core deposits. And I’m not advocating the following, but I’d like your thoughts. Minnesota and Iowa are both just littered with the rural trade center banks that have 40%, 50%, 60% loan-to-deposit ratios. Would fit really nicely in this environment for you. I know it’s not a short-term fix. But do you see any interest in augmenting your funding base like that over time?
David Nelson: David, hi, this is Dave Nelson, and we appreciate you joining the call, and thank you for that question. And what you’re suggesting is something that we’ve certainly always would be open to. But when it comes to having or developing an interest like that, what would be very important to us is to — what makes West Bank so unique and enviable is really our business model and our efficiency and focus on being a commercial bank. And so if we were to look towards any type of strategic partner, it would be in alignment with our own business model.
David Welch: Okay. Yes. No, again, I’m not advocating. I just — I’m sure you’re familiar with Bridgewater Bank up here. They announced results the same timeline. They’re down 10% today because they can’t fund their loan growth. And I was just wondering if you were going to possibly modify the strategy over a multiyear period. But thank you for your thoughts.
David Nelson: Thank you.
Operator: Thank you. There are currently no additional questions waiting at this time. So I will pass the conference back over to the management team for any closing remarks.
Jane Funk: Well this is Jane again. I just want to thank everyone for joining the call today and listening in. And we look forward to our next call at the end of the first quarter at the end of April, so thanks for joining.
Operator: That concludes the West Bancorporation fourth quarter 2022 earnings call. Thank you for your participation. Have a wonderful day.
