Brady Gailey: Yeah. All right. Great. Thanks, guys.
Ty Abston: Sure. Thanks, Brady.
Operator: Our next question will be from Matt Olney with Stephens. Matt, you can unmute your line.
Matt Olney: Hey, thanks. Good morning, everybody.
Ty Abston: Good morning, Matt.
Matt Olney: Can you hear me, Matt?
Ty Abston: Yes. We can hear you.
Matt Olney: Okay. Great. Thanks. Cappy, I think you mentioned previously there were some treasuries that matured in the fourth quarter. Any more color on when those when those matured? Was it kind of throughout the quarter or was it weighted towards the front half or back half? And then what was the average yield on those treasuries that matured in the fourth quarter?
Cappy Payne: Shalene, do you have that? I think you might have that in front of you?
Shalene Jacobson: We had $70 million mature on November 30 and another $20 million, I believe, that matured on November 24. I don’t have the yields in front of me, but I can get that to you.
Ty Abston: They were pretty low this first year.
Cappy Payne: That was really short term treasuries bought in the first of the year. So, yeah, I think it will be a low yield.
Matt Olney: Okay. And I think in the deck, you also talked about more securities maturing in 2023. Is any more — anymore color on that, is it throughout the year kind of consistently or is it weighted towards the front half or back half of the year?
Shalene Jacobson: The treasuries are weighted towards the front half of the year. I believe they’re about $50 million. I’m pulling that up though so I can let you guys know if you have another question in the meantime.
Matt Olney: Okay.
Ty Abston: But the dollar amount she’s referring to there though in the deck is throughout the year.
Matt Olney: Got it. Okay. Well, I can shift over to loan growth, I guess, to buy Shalene some time here. But on the long
Shalene Jacobson: Sorry. I was able to pull it up real quick. So we’ve got $50 million in treasuries that are maturing in March, April, and May, and then another $20 million in September. And the ones that matured in November, the yield on one was 0.666 and the other was 0.880.
Cappy Payne: They were, yeah, low yields.
Matt Olney: Got it. Okay. That’s helpful, Shalene. Thank you for that.
Shalene Jacobson: Welcome.
Matt Olney: And then the loan growth that we talked about before just any more color, should we assume the loan growth is going to be stronger in the front half of the year versus the back half versus what you see right now? You mentioned kind of intentional slowing of that from some of your borrowers. Just even more color on kind of the pace of it throughout the year.
Cappy Payne: I think that’s fair to look at it that way, Matt, is that loan growth that we have would be probably the first half of the year and be slight to a possible decline in the second half of the year is depending on how things play out.
Matt Olney: Okay. And then just I’m also curious about your the strategy around the FHLB advance. I think it’s $209 million (ph) sounds like you could kind of maintain that balance for a while, but would love to appreciate maybe the puts and takes and kind of what’s in the budget versus, different options that you could see throughout the year on that.
Ty Abston: It’ll depend on the timing of any type of loan or deposit change. But again, as we said in there, we got a $100 million plus in bonds rolling-off. The FHLB, we’re just using a short term catch all, and — I think that rate at dollar amount will stay pretty consistent to decreasing a little bit throughout the year. And we just keep it on a short term basis.
Matt Olney: Okay. Thanks, guys. Appreciate your help.
Ty Abston: Thanks, Matt.
Operator: Our next question is from Brad Milsaps with Piper Sandler. Brad, you can unmute your line.
Brad Milsaps: Hey. Good morning. Am I coming through?
Ty Abston: Yes, Brad. Yeah. Good morning.
