Dale Gibbons: I mean, on the broker element, I wouldn’t call those sticky. However, I would call them cheaper. So what we borrow from some of these credit lines, as well as from the Federal Home Loan Bank are at — those rates are higher than the brokered CD channel. In addition to that, brokered CDs do not consume liquidity opportunities. So if we borrow, we have a credit line that over $10 billion from the Federal Home Loan Bank. But as you borrow against it, you have less availability. To bring in broker deposits that cost less and it leaves that availability open. So this is something we are going to wean ourselves down from over time, but you are not going to see it chop off during the third quarter. But all the guides that Ken mentioned that we have in terms of our deposit growth, respectively, does not assume any broker deposit increases from where you were at June 30th.
Bernard von-Gizycki: Okay. Great. Thanks for taking my questions.
Operator: Thank you. The next question will be from the line of Steven Alexopoulos with JPMorgan. Your line is now open.
Steven Alexopoulos: Hi, everybody. I wanted to start…
Ken Vecchione: Hi.
Steven Alexopoulos: … and drill down a little bit into the $3.2 billion you are calling out through July 17th. What’s the rough composition of that, are those more new and returning client funds or using any brokered there, and very roughly, what’s the cost so far?
Ken Vecchione: As it relates to the composition, it’s very little is coming from the broker CD channel, as Dale mentioned, is actually zero. Where you are seeing it come from is our warehouse lending and no financing group, which generally builds up in the early parts of the month and then pays down towards the third week and then restarts its build process in the fourth week. So you are seeing those funds come in. Generally, they are non-interest-bearing deposits. They do carry ECR credits, which we will see in the operating expense. We also are showing very early on signs of a very strong HOA deposit build as well. So primarily that’s where the funds are coming from.
Dale Gibbons: I think there’s also been some repatriation from our tech group. We did have losses from that in March and those dollars are up month-to-date as well.
Ken Vecchione: Yeah. I think, Dale, brings an important point on the tech group. There’s been a lot of disruption with the demise of SVB there. And our brand Bridge is a steady consistent player in that market and what you are seeing is a lot of disruption with clients, with former people that had worked at SVB and their new companies establishing their operating processes and credit policies. Now that has all been established for us and people know our players and they know the type of bank we are and I think that’s going to lead to more deposit growth out of Bridge, which is going to support the overall regional deposit growth as we move forward.
Steven Alexopoulos: Got it. That’s helpful. I am curious, in terms of the deposits that left in the aftermath of SIVB, what rough percentage would you say of returns, is it like 5%, is it a material percentage at this point? And then what are you hearing from, one, the customers are returning, I think, you mentioned there, they were waiting to see your 2Q numbers. But — and then for the customers that haven’t returned, what are you hearing from them why they haven’t returned yet?