Chuck Sulerzyski : Hey Mike.
Katie Bailey : Hey Mike.
Michael Perito : I had a couple. I wanted to start €“ Katie kind of mentioned, depends on the loan growth. So just on the loan growth side here, I mean what are some of maybe the areas that can put you at the higher or lower end of the 5% to 7% range? And then maybe as a follow-up, Chuck, just on the leasing and some of the premium finance, some of the stuff you guys are doing there. I mean how, if at all — and maybe the answer is, it hasn’t, but how, if at all, has kind of some of the uncertainty of 2023 and the funding changing environment and everything impacted your kind of near-term outlook for those businesses? Just curious if there has been any kind of change relative to the last time we spoke.
Chuck Sulerzyski : No. I think the specialty finance business is all optimistic on 2023. I would say that some of those leasing businesses will do better. They are almost anti cyclical in harder times as people leave things as opposed to purchase. We have been €“ as the script indicated, since 2013, we’ve grown organically 5% to 11% every year. Last year was tough for us with only 5%. We have, in the guidance, the organic pieces being 5% to 7%. I think some of the things that will determine whether it’s at high end or higher have to do with what happens in the real estate markets with the higher rates. Do people take things to the permanent market a little bit faster, I think that could impact us some, but our pipelines are robust.
We had a great year of originations in 2022. If we can do as well with originations in 2023, we’ll have simply more growth because we are going to see some of the moves we made to improve the portfolio by encouraging some credits to go elsewhere.
Michael Perito : Helpful. And then, just kind of big picture, we are hearing on other calls that bank M&A has slowed. Obviously, you guys had a bit of activity recently. Just can you maybe give us an update near term on kind of the capital priorities for the bank in 2023? And is there a period here where there is some digestion, some growth that platforms acquired that you guys would like to see occur? Or is there still enough dislocation where there are opportunities that externally that would be enticing for you guys to consider?
Chuck Sulerzyski : Well, certainly, we have been active with M&A and we see M&A as an important part of the business. We do not have plans to do a deal in 2023. But having said that, we talk to banks all the time, and it’s analogous to a portfolio manager running a portfolio they always have to make your contacts. In terms of capital priorities, we have that really robust dividend and we’ll retain that. We have blocked out some share buybacks because of the acquisition. Although certainly at this price, we think the stocks are still and we just would like to continue to build our capital levels.
Michael Perito : Great. And then just lastly for me, I know you guys gave kind of the broader €“ the guidance and outlook for 2023, but you guys have quite a few contributors in that pot and I’m curious, Chuck, if I had to put you on the spot, I mean any particular area where you think maybe there could be some upside or some optimism about dislocation or growth opportunities for next year on the non-interest income businesses?
