William Carroll Jr.: Ron, allocated costs?
Ronald Gorczynski: They are embedded in our guidance at this point, yes, will be in our noninterest expense on that. We are targeting all those projects starting it for the first quarter. The benefits of pricing is obviously — I don’t really have to get into that one, but a lot of fraud prevention software. It allows us to go through a lot more data where we’ve been a little bit more manual in the past. It’s definitely in this time frame, something that we see the benefits of. A lot of savings, so we don’t have losses in our deposit side of the house for the transactions. Other than that, we’ll gradually see all this being implemented throughout 2023 and it will be in our guidance.
William Carroll Jr.: Let me just add a little bit of color too, Thomas, yes, to Ron’s point. Obviously, we’re no different than any other bank right now with obviously with — there’s a lot of fraud going on in our industry. And so we think this is just a prudent investment to try to kind of help mitigate potential losses on that side. So hopefully, it saves us some expense dollars on that front. The treasury piece, we’re excited about. We’ve got a very robust treasury platform, but we’re also looking to continue to enhance that. There’s some upgrades that we’re going to look to put in to kind of allow us to maybe have a few more bells and whistles with some treasury clients. Especially with the client, a lot of clients that we’ve added, they’re very sophisticated treasury users, and so we want to make sure that we’re keeping tabs on that and being able to grow.
So we think that will enable us to hopefully continue to grow and really as a result, help to grow that lower cost deposit base.
Thomas Wendler: All right. I appreciate all the answers guys. Thank you.
William Carroll Jr.: Thanks, Thomas.
Operator: Thank you, Thomas. We have our next question comes from Graham Dick from Piper Sandler. Graham, your line is now open.
Graham Dick: Hey, good morning guys. How is it going?
William Carroll Jr.: Good morning, Graham.
Graham Dick: So I just want to hit on the NIM maybe in a different way as it relates to your loan growth guidance and the balance sheet from here. So I know you guys are saying mid-to-high single loan growth. If you see demand for loans and growth surpass that guidance maybe into the 10% range or low double digits, would you expect the margin to remain in that 3.30% to 3.35% range you talked about or do you think that incremental funding pressures may push out a little bit lower? And I guess the second part of that question is, what would you be funding that new loan growth at in terms of the cost on CDs or I guess, your NOW accounts?
William Carroll Jr.: Yes, I’ll start and guys you’ll add any color that you want. Yes, I think you’re accurate, Graham. I mean, for us, we’ve kind of given the markets and the teams and our projections, we feel very comfortable being able to fund that kind of that mid-to-high singles just internally at kind of our rates at normal course. If we do get some outpaced growth, and not saying that couldn’t happen as we get into mid part of the year, we would probably fund that at more — probably a little bit more of a market. So it might cause a little bit of additional pressure on margin if we didn’t want to go ahead and push some of those loan growth totals a little higher. Go ahead Ron. You had a comment
Ronald Gorczynski: Yes. We do anticipate if we do have heavier loan growth, we will run more specials. We do anticipate us to be self-funded. Obviously, we could go back to the wholesale market, but we’re still, even with the spread we’re getting, I still think it’s probably not going to hurt our margin at all. So
