So special mention at the regulatory definition means potential weakness, not default or late payment. So we are not looking for a monetary default. We are looking for situations where there might be potential weakness so that we can elevate those within our credit architecture and make the appropriate changes before those become problems. So we use special mention to elevate the situation and drive to a satisfactory resolution before we are dealing with a default or a late payment. Another thing that you can say here is everything that’s in special mention, we believe that we are going to reach that resolution, which would be a satisfactory re-margining or additional support from sponsorship that would return that to pass or we have that credit and substandard.
So that’s how we use the category is mechanical in our process. Thank you.
David Chiaverini: Thanks very much.
Operator: Thank you. The next question will be from the line of Timur Braziler with Wells Fargo. Your line is now open.
Timur Braziler: Hi. Good morning. Thanks for the question. Most have been asked and answered, but just looking at the loan growth this quarter, I guess, a surprise to the upside. Just curious as to what drove that? How much of that was kind of contractual funding, and as you look forward, what gives you confidence in getting to that a $500 million number versus the growth that we saw maybe in 2Q?
Ken Vecchione: Okay. Great. Well, the $1.4 billion of loan growth, you can break it in half, 50%, $700 million was really a re-class from held for sale going back into held for investment, which means that our deposit drive, our increase in liquidity did not necessitate us having to sell those loans and so we were pleased with that. Then we had $700 million of organic growth this quarter and most of that came from the warehouse lending, but those financing MSR lines of business. And while that’s important is, those businesses carry, when we make credit decisions there, we usually get a fair amount of deposits that come along with this. So they almost self-fund themselves. So that was the beauty of having that loan growth that it also drove our deposit growth, and as part of what we have been saying even from the last couple of calls that we are looking at a full client relationships and we are not — no longer just giving credit and then worry about how we fund it away from the client.
The client needs to have a full relationship with us. As we go forward and what we may have what gives us some credit or our confidence, I guess, on the $500 million guide, we see a few areas that we are going to focus on a little bit more in C&I at this point, but we see MSR lending providing opportunity, no financing providing opportunity. We do resort lending, which we think will provide opportunity and we are doing tech and innovation loans and these are small sized loans, our loan commitments under $15 million, where we see there’s a great opportunity to bring with it a great deal of deposits. So those are some of the areas that we are focusing on that gives us a comfort level to the $500 million guide.
Timur Braziler: Okay. Great. And then, now I asked this question last quarter and I think it may be a little bit early, but with some of the return of technology related customers. I guess where do you see Western Alliance fitting into the tech ecosystem going forward? Are you going to be playing a larger role in taking up some of the market share and on by Silicon Valley or should we think about the technology offering of Western Alliance similar to what it had been prior?
