Andrew Terrell: Maybe just sticking on the last point on credit and then in office specifically, loan to values are really low at 57%. The book is obviously incredibly granular and more suburban-focused. But I was curious, have you had any borrowers in the portfolio where you have go to the process of reappraising the loan in the past quarter, or just more broadly, as you look at appraisals or valuations that are coming up in the market, have you noticed any kind of trend or a level that valuations are declining for office properties or any kind of trends you can speak to there would be helpful.
Clint Stein: Yes. Andrew, it’s – they are moving very slowly. We just had one. We just refinanced actually one in our portfolio with no issue. So, it’s kind of surprising how really relatively slowly cap rates and valuations are moving. But other than that, no, we haven’t seen anything materially concerning or stressful in terms of rewriting some of these deals as they mature.
Andrew Terrell: Okay. I appreciate the color. And then on FinPac specifically, I think last quarter we talked about being a potential plateau in loss rates after they had accelerated. And we clearly saw a step up again this quarter. I guess can you give any color? I know it was trucking related, but were there a couple of larger deals within the portfolio that you charged off in this quarter? And can you maybe just help give us some color on why the plateau has occurred here or the FinPac loss rates should level off or potentially decline?
Frank Namdar: Sure. We have guided this every quarter. But when you look at – if you look at year-end ‘22 12/22 quarter, and compare the 31-day delinquencies, 31-day to 60-day delinquencies from that period to 6/30, they are now down 25%. When you look at 91-day and over delinquencies, they are now over 30% reduced. And that sort of trend has been happening quarter-over-quarter since 12/22. So and when you look at the – especially the later-term delinquencies, they are now reducing the earlier term delinquencies are reducing in that space and so that – this portfolio is extremely predictive in that regard. And so that’s why I feel fairly comfortable in saying that that plateau has very likely been reached, and we should see a decline from this point forward.
And the loss numbers that $25 million in losses in its impact portfolio, 60% of it has been related to the trucking portfolio as with the delinquencies. So, if you take 60% off that $25 million, you are left with $10 million, and that’s kind of the sweet spot of where FinPac operates. So, things are looking as expected within that portfolio to me.
Andrew Terrell: Great. That’s very helpful. I appreciate it.
Frank Namdar: Sure.
Andrew Terrell: And then maybe a quick one for Ron, just going back to kind of discussion around the securities portfolio and then the borrowing position as well. I understand kind of having the flexibility within the marked bond portfolio or the bonds in a gain position specifically. But I guess with a little over $6 billion of borrowings at our 5.25% costs and potentially moving higher next week, given those are shorter term. I guess looking at like the spot yields on particularly the $2.2 billion of securities in a gain position at 6.30%, a yield of 4.30% on those the gain – the bonds in a gain position. I guess why not start to unwind or sell some of those bonds and pick up, I don’t know, 100-plus basis points on the margin and it would obviously be accretive to NII as well. I guess I appreciate some of the flexibility you have got, but given the kind of underwater nature right now, why not unwind some of that trade?
