Tom Travis: That’s kind of real time, isn’t it Kelly?
Kelly Harris: It is.
Nathan Race: Okay. Got you. And perhaps maybe a larger kind of more broader question on the NIM going forward. In a theoretical kind of higher for longer interest rate environment, what are you guys going to see your margin kind of subbing out ex fees over that kind of longer-term period?
Tom Travis: We’re delighted and proud of the efforts of the team with regard to negotiating and walking away from transactions that don’t meet our hurdle. And we’ve consistently said that we’re going to operate within our historical ranges. And I believe if you look back in history, I’m not sure we’ve ever dipped below about 4.25% or 4.3%. And so there’s nothing that we see today that would lead us to believe that we’re going to operate outside of those ranges. And I’m not saying that we’re going to go from 4.55% real time today to 4.30%, but if it happens, it happens. And I think a lot of it depends on the Fed and what they do. I think everyone is expecting a rate increase next week. However, if they do take a pause and they don’t do any more, then I think you’re going to more easily keep your NIM from dropping to the absolute loan historical range.
And so we’ll just see. But as we point out in our deck, I think it’s 51% of our loans are daily floaters, and we have right now about $80 million or so that are at the ceilings. But clearly, when the Fed increases next week. You’re going to have a few more loans at the ceiling. But I think for us, we’re going to be within those historical norms. And I would point out also at some point, we’re carrying a pretty heavy treasury note position. We’re 7 months away from the actual maturity on that instrument. And if we chose to do so today, we can liquidate that and pick up, I don’t know what the effect would be the NIM in basis points, but it would certainly pick up earnings. And so there are some things that we have that are going to eventually offset that NIM pressure.
Nathan Race: And if I remember correctly, that large maturity in the securities book that occurs in the first quarter of next year?
Tom Travis: February, I think it’s the end of February.
Nathan Race: And perhaps just changing gears, thinking about the energy portfolio in particular. It didn’t appear that you guys had much growth. In fact, it looks like balance has shrank a little bit versus the first quarter. So just curious kind of what opportunities you’re seeing in that space? And perhaps just if you could kind of touch on what you’re seeing from a credit quality perspective across your energy portfolio as well.
Jason Estes: Yes. Outside — there’s one large credit, I think that’s out there in the public realm that we really can’t talk about because there’s ongoing litigation. Outside of that line of credit, the energy book is performing very well. I will say that the deal flow there has slowed quite a bit from the pace of last year, and we did contract about. It’s about $10 million during the quarter. I wouldn’t be surprised if there’s a little more contraction as the year goes on in that book, but overall, credit quality there is very strong with primarily companies we bank for a long time.
Nathan Race: And Jason, just any update on those kind of 2 large nonaccrual loans that I believe constitute a large majority of the existing NPA balances come out of the second quarter?
