Stephen Scouten: Okay. Great. That’s fantastic. And then maybe just the last thing from me, I think you guys kind of spoke to some stability you are seeing on the non-sparing deposits, maybe even since quarter end. So how – how I guess, what are you seeing there specifically? And maybe do you think that can stabilize, or do we still likely have to say a decline, but a slower pace of decline?
Paul Langdale: Yes, as David noted, Stephen, it’s really difficult to predict the directionality of noninterest-bearing deposits. But from what we’ve seen since quarter-end, quarter-to-date for Q4, we were within $10 million, $11 million of our balances at quarter end. So, we’ve seen very good stability there this quarter. And we’re obviously optimistic that – that we will be able to notch some wins in our deposit sales pipeline as well. Our treasury teams are working very hard on making sure that, they are getting in front of the customers and that we’re winning business. It’s a very competitive environment, but we feel pretty confident in where we are for the fourth quarter, but as far as a long-term trajectory, it’s difficult to ascertain given, there are so many exogenous factors going on in the cycle.
Stephen Scouten: Yes, absolutely. Understood. Well, thanks for all the color. I appreciate it guys.
David Brooks: Thanks, Steve.
Operator: Thank you. Next question is coming from Michael Rose from Raymond James. Your line is now alive.
Michael Rose: Hi, good morning, guys. Thanks for taking my questions.
David Brooks: Hi, Michael.
Michael Rose: Just wanted to start with the bond – the bond book. I noticed that the – that the duration is now up to 7.7 years. Just given where your capital levels are, I mean, is there a thought process around restructuring, the bond portfolio and maybe using some of the excess cash that will roll off the loan and the securities book here, to do that or just wanted to get some general thoughts just given the duration is – continue to extend out?
Paul Langdale: Obviously, Michael, we’ve looked at different scenarios. But as it stands today, we don’t have any intention of pursuing a bond portfolio restructuring. I don’t think that’s something that – that we would consider. We’re – in a mode to really preserve and accrete capital at the moment. We think that’s the right place to be at this point in the cycle. And so – that’s not a utilization of capital that I think is high on our priority list, even though you would get some meaningful NIM benefit from it.
Michael Rose: Okay. I appreciate that, Paul. And then just as a follow-up, just wanted to talk about the – warehouse. The balances came in I think a little bit higher than what we’ve seen from some of the other players that are – in the space, you know, just with – average balances actually being up Q-on-Q. Just wanted to get any sort of outlook you might, have for the warehouse as we move forward?
Dan Brooks: Michael, this is Dan, I’ll take that one as well. I think we communicated last quarter that we expected them to be certainly flat at these higher levels that we have experienced early part of the year. We continue to think that’s going to be the right look as we move forward into ’24. We have had opportunity to pick up some new really nice customers in that space. We have some normal seasonality that takes place in the fourth quarter and first quarter, but on average we expect ’24 to be at these kind of levels on average as we move forward.
