Andrew Terrell: Very good. Okay. I appreciate the color there James and it’s helpful. If I can move over to the margin, just briefly. Heather, it looks like the FHLB were added pretty late in the quarter. Do you have what the weighted average rate was on the FHLB borrowings €“ the rate —
Heather Luck: Yes. Those were slightly under 4% for the FHLB borrowings and then our broker or wholesale funding for about 3.88. We do our FHLB borrowings are very short term in nature. So we only have a week to maybe two weeks at the most outstanding during any period. So those should have a minimal impact on the margin.
Andrew Terrell: Okay. Understood. And then do you have the spot deposit costs either interest bearing or total at the end of the year?
Heather Luck: End of the year €“ let me .
James Beckwith: Well, I would take December.
Andrew Terrell: Yes, December.
Heather Luck: Let me pick that up for your one moment. Apologies.
Andrew Terrell: No problem we can. I’ll ask one more really quick for James, on the CD one, just a little bit less than 9% this quarter. Just wanted to get your thoughts on kind of current capital position. Comfortability around the current capital position and kind of outlook moving into 2023 and where capital targets might be?
James Beckwith: Sure. Yes, we’re comfortable with our capital position right now. We intend to grow our tangible book value per share in 2023. But we always want to prepare ourselves and be in a good position to do with respect to raising any additional capital. So I think that we’re oriented that way. We want to be good stewards of our capital position and continue to be mindful of where we are. As we mentioned our expected growth in 2023 is going to be a lot different from what we’ve experienced in the past five years. And so we expect we’ll be able to build our capital positions in 2023 through internally generated earnings.
Andrew Terrell: Okay, very good. That’s it for me. And thank you guys.
Heather Luck: Andrew we can close that loop. So our cost of funds was 1.17%. And that’s all including CDs as well.
James Beckwith: That’s for the month of December.
Heather Luck: Yes.
Andrew Terrell: Okay. 1.17% including CDs and the non-interest bearing deposits.
Heather Luck: Yes.
Andrew Terrell: Okay. Very good. Thank you.
Operator: Our next question today comes from Woody Lay with KBW. Please go ahead.
Woody Lay: Hey Morning, guys.
James Beckwith: Good morning, Woody.
Woody Lay: I wanted to sort of focus on the growth, the loan growth in the quarter. It came better than what I was expecting and maybe a little bit better than maybe your expectations heading into the quarter. Do you think that growth just sort of represents a pull through in the year? Or in the year ahead? Or was there just new customers that were unexpected that drove the growth or any color you can give on the fourth quarter growth?
