Brody Preston: Got it. On the NIBs you guys kind of bucked to the trend versus the group this quarter. A lot of other banks have actually seen a reacceleration in NIB outflow. Wanted to ask you specifically if there was anything that drove the strength in the fourth quarter on a period-end basis, like if there is any chunky kind of deposits that came from institutional type money?
Tim Crane: No, not significantly. I mean, we have large flows at the end of the year as people position their balance sheets. But we’ve worked really hard on the deposit side of the equation to continue to grow clients, and we are hopeful that the 23% turns into a stable level for us. And our team continues to add commercial clients that have non-interest bearing deposits and treasury services and use other products and services we offer. So, it’s sort of a function of building the franchise.
David Dykstra: Yeah. That’s the way, I would look at it, too. I mean, Rich talked about there’s a little less line usage. So some of those people that maybe would have drawn on the line have used some of their non-interest bearing deposits, and maybe that’s a reason why you’re seeing some of that industry wide. But as Tim said, if we continue to grow the franchise and add customers that right now is offsetting any of that additional linkage. And we’re being able to hold it pretty well and it’s been pretty stable on an average basis for the last couple quarters. So we’re hopeful that we can hold it in there.
Brody Preston: Great. And then just last one from me, is just on the wealth businesses are pretty decent pick up in assets under administration. This quarter after they were flat last quarter. I just wanted to ask. What caused that to occur?
Tim Crane: For the revenue to be flattish, you’re saying?
David Dykstra: Just the growth I think.
Brody Preston: No the AUA was up from $44.7 billion to $47.1 billion.
Tim Crane: Yeah. Couple of things with that, some of the brokerage accounts grew a little bit. We also — our max safe product that we have, the way we operate that is, that works through our trust company as a fiduciary account. So those get included shows a little bit of growth in that area and just a little bit spread out in other places. So, nothing significant per se in any one chunky sort of deal. Yeah. And we also in that number as we note in the press release. Our investment portfolio is also managed out of our wealth management area and included in those assets under management and those ticked up a little bit.
Brody Preston: Got it. Okay. So the move higher, shouldn’t necessarily results in a similar move higher in revenue for next quarter?
Tim Crane: Some of it is based on beginning of quarter asset valuations versus daily or end of quarter, you might see a little bit of pickup there.
Brody Preston: All right. Great. Well, thank you very much for taking my questions everyone. I appreciate it.
Tim Crane: You bet. Thanks.
Operator: Thank you. I would now like to turn the conference back to Tim Crane for closing remarks. Sir?
Tim Crane: All right. Great. Thank you, everybody. As you can tell, we’re generally pleased with the 2023 results, but we’ve moved on, we’ve got an eager team that is trying to win clients and new business for the bank every day and we appreciate your time and your interest in Wintrust. So we’ll be working hard and we’ll talk to you in a quarter. Thanks everybody.
Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.
