Good day, and thank you for standing by. Welcome to the review of first quarter 2023 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I would like now to hand the conference over to your speaker today, Hoppy Cole, CEO. Please go ahead. Good morning, everyone, and welcome. I've got several of our team members with us this morning. I have Dee Dee Lowery, our CFO, George Noonan, our Chief Credit Officer, and J.J. Fletcher, our Chief Lending Officer. I'll start by covering some highlights for the quarter and then turn it over to the rest of the team. Guys, we are so pleased with the outcome of the quarter. It was a great quarter and a strong start for the year. As noted in the release, we closed our largest acquisition ever, Heritage Southeast Bank, as of January 1, and we integrated their systems as of February 1. We closed and integrated all in the same quarter. They added about $1.6 billion in assets and 24 new locations in Atlanta, coastal Georgia, and Jacksonville. Over the last 9 months, our team has done a phenomenal job closing 2 of the largest, actually our 2 largest acquisitions ever. As you'll remember, back in July, we closed Beach Bank, which was a little over $600 million acquisition. Closed July 1, we integrated their system December 3. Again, with that, what I just noted about closing Heritage Southeast Bank. All in all, we've grown $2.2 billion in assets over the last 9 months, not to mention organic growth that we experienced in the loan portfolio, and opened up new markets in Tampa, Jacksonville, Atlanta, Savannah, and built significant de-density in the Florida Panhandle. We're absolutely just thrilled and appreciate the phenomenal job that our team members have done to make all that come together. In terms of balance sheet management for the quarter, I thought we did a really nice job of managing our deposit flows, playing the same discipline around deposit pricing and maintaining our liquidity. You look for the quarter, deposits were down 3.2% overall, but if you adjust for $77 million of broker deposits that we let go, deposits were down only 2.1%. Our deposit mix stayed pretty constant. In fact, it improved just a bit. And the net non-interest bearing deposits were 31% of total deposits at the end of the quarter as compared to about 30% at the end of the fourth quarter. We're pleased with the ability to manage our deposit flows, maintain our relationship management. They've done a really good job, not only defending what we have, but when we're doing matching around with margin, making people or asking people to bring new money to us. Like most people, you know, in the industry, we're feeling deposit pricing pressures as well. However, I thought we again did a really good job of remaining disciplined, and the total cost of our deposits were only up 20 basis points to 72 basis points, but still well below 1%. Loan growth was a bit muted for the quarter. It was up 1% quarter-over-quarter or 4% annualized, about $37 million. That was not inconsistent with our guidance from last quarter, where we had seen pipelines off about 20%. J.J. is gonna offer some additional color about where pipelines are now and what we expect for the second quarter and the back half of the year. Net interest margin, again, I thought we did another good job of managing our margin. Certainly the seasonal, you know, we guided to some margin improvement in the first quarter. Last quarter, we certainly experienced that because of the seasonal deposit flows, but also because of the addition of Heritage Southeast and Beach both added asset sensitivity to our balance sheet. Our net interest margin was up 32 basis points to 3.63%. All of this combined with a great quarter in terms of improvement in our core earnings, adding the scale of HSBI, the effect of getting all the cost saves, the majority of the cost saves in from Beach. Plus our better than expected margins contributed to a core earnings growth of $9.9 million quarter-over-quarter of 58%. Earnings per share was up 27% quarter-over-quarter to $0.86. Given where we sit today, the construct of our balance sheet, strong liquidity, well-diversified, low-cost funding sources, strong capital position, earnings ramp, which is even creating more capital, we can reward our shareholders with and deploy. We feel like we're in a really good spot to compete the balance of the year. You know, even that we have significant economic headwinds, we feel like we're in a really good competitive spot. With that, I'll turn it over to Dee Dee to give us some more detail around the financials. Great. Thanks, Hoppy. As he mentioned, obviously, about the Heritage closing, I was gonna start by saying we have noise again this quarter, and that seems to be our theme, every quarter is the noise and trying to get to what our operating results actually are minus the noise. We did close Heritage on 1/1 and issued $6.9 million shares of our common stock. For the quarter ended March, we reported $16.3 million or $0.52 per diluted share. On an operating basis, which excludes acquisition charges, which were net of tax of $2.8 million, and then the day one initial provision for credit losses for the Heritage loan portfolio net of tax was $8 million. When you take those into account, our actual operating earnings were $27.1 million or $0.86. As Hoppy did mention, that was an increase from previous quarter end of $9.9 million or 58%. The drivers to this quarter obviously included a full quarter of Heritage Bank, as well as cost savings from the Beach Bank. If you remember, we closed six locations in relationship to the Beach acquisition, and those were all done in the month of December following the systems conversion of Beach. Our net interest margin, as Hoppy mentioned, did expand to 3.63%. That was an increase of 32 basis points. 21 basis points of that was related to the purchase accounting adjustment. If you recall from our call last quarter, we did expect net interest margin expansion for the first quarter, mainly due to the closing of Heritage. Heritage had a higher net interest margin as a company as a whole compared to ours, and they also have had more floating rate loans as a percentage of their portfolio than we did, as well as the Beach loan portfolio that Hoppy mentioned. Our core NIM did increase 18 basis points to the 3.47%. We are expecting some contraction in the margin going forward. We had indicated that expansion in the first quarter, mainly due to the increase of, you know, the addition of the Heritage portfolio. We think we could have, you know, 10-15 basis points of contraction throughout the year, on the core margin to probably about a 3.30%. One point as well I could bring in here to John, we do remain asset sensitive, about 1.5%. We had mentioned that as well before that they would increase our asset sensitivity. Our yield on earning assets net increased 49 basis points, while our cost increased 20 basis points during the quarter. As Hoppy did mention, our deposits did decline 3.2%. A part of that was from the payoff of broker CDs of $77 million. The remaining part of that was kind of split, $50 million in interest bearing, $88 million between our savings and money market, and $76 million in our non-interest bearing. The Heritage portfolio as a total was down of $54 million, and that was mainly in the interest bearing categories, non-CD related. Feel really good about that. As Hoppy mentioned, we kept our mix with 31% of non-interest bearing at the end of the quarter. Our cumulative interest bearing deposit beta was 18%, and that was from a period of quarter end 2021 to current. We feel really good about that 18% beta. We also, as Hoppy mentioned, our liquidity. We feel really good about our liquidity. We have a strong liquidity position. Our ratios are well above our limits. Our loan deposit ratio is below 75%. Our borrowing capacity is $1.8 billion. We have about 41% of our securities portfolio is unpledged, so that's roughly about $850 million. Over the next four quarters, about $220 million is expected in cash flow out of our securities portfolio. We feel really good about our liquidity position. At the end of the year, if you recall, we had $130 million in advances from the Home Loan Bank. Those were paid off in January as well as the $77 million in broker CDs throughout the quarter. At the end of March, we still have $27 million in broker CDs. Those were paid off at the beginning of April. Those are gone off our balance sheet. We did participate in the Bank Term Funding Program with the Federal Reserve near the end of March. We felt like that was a good, a good way to go ahead and kinda look at our liquidity, look at where we were with some of the deposit runoff and take advantage of that. We did $250 million at a rate of 4.69%. We were able to use our unpledged securities book and pledge those at the Fed. We really kind of our liquidity position remained the same with being able to borrow the $250. Felt like that was a good prudent decision as far as looking forward to for our liquidity needs. I just wanna highlight a couple of our operating results, our operating net income ratios. Our ROA for the quarter was at 1.36%. Our return on average tangible common equity was 20.13%. Our efficiency operating efficiency ratio was 53%. As Hoppy mentioned, our capital ratios or capital is good. Our TCE was 7.2%. Our common equity was 11.2%. Our leverage was 8.8%, and our total risk base was 14.7%. All great capital ratios. I think that is all for me. I'm also clear the marks, Hoppy. Good deal. Great report. Thanks, Dee Dee. J.J., would you like to dig into the loan portfolio a little bit? Yes, sir. Thank you, Hoppy. As Hoppy already reported, the bank achieved modest growth of about $37 million for the quarter. Would note, with HSBI closed, on January 1, a lot of time and effort was spent on both sides, HSBI and First Legacy, trying to get those people up and trained and going into our system. To take a lot of effort, and we appreciate that on everybody's part. Bright spots within the company continue to be our Private Banking division and also the Tampa market. After somewhat of a slow start to the quarter, overall originations were about $245 million, including HSBI, and positive momentum of about $90 million in originations just in March, from the First Legacy portfolio. As Hoppy also mentioned, in January, we reported pipelines had compressed about 20% from the previous quarter. At the end of Q1 in 2023, those numbers were back up to previous levels, pretty much in line with the Q3 2022 numbers. Heritage, of course, excluded there, but they had about $90 million in pipelines at the end of Q1 2023. On pricing, we remain diligent in repricing opportunities in all renewals and modifying loans that continue to maximize spreads on new production. I think you'll see in the release overall weighted average yield for the new loans in the first quarter was 7.36%. Also, unfunded commitments and lines continued to augment production in the first quarter. Trailing twelve-month unfunded commitments were about $345 million, and on eighteen-month unfunded, about $600 million. Summary from the loan side is cautiously optimistic as to production and funding going forward based on our current pipelines, unfunded commitments. We have several new lending teams being onboarded currently at this time in different markets, and then look forward to the full integration of the HSBI team members into our system. All right. Thank y'all. Thanks, J.J. George, take credit movement. All right. Thank you. Generally, through the first quarter, our credit performance metrics remained very stable, with some categories showing some moderate improvement, some benefiting from the acquisition of HSB, adding their results to our numbers. Delinquencies for the quarter continued to remain very manageable, averaging about 39 basis points through the quarter. Our criticized and classified loans, as a percentage of capital plus ACL, showed improvement with a decline of 9 basis points in total C&C. In NPAs, as a percentage of capital plus ACL, improved slightly. We saw a decline of just under 2 basis points. Generally all good metrics from the credit side. If you're looking at your deck, the next comments, if you will, track with the pie charts starting with page 15, so you can see these comments depicted there. Our loan portfolio composition continues to remain very balanced. CRE overall represents 44% of the loan portfolio, but when you divide that between owner-occupied at 24 and non-owner occupied at 20, they're balanced among the subcategories. One to four family run at about 19%, C&I 15, and C&D 14% of our overall loan portfolio. All of the other categories don't really exceed 5% of loan total. Good balance across the whole portfolio. Drilling down to CRE and C&D, you can see, the predominant categories there post HSB acquisition are retail standalone at 27%, hotel about 21%, professional office space 20, and retail center at 12 are the predominant drivers in CRE. In the C&D category, residential 1-4 is the largest subcategory with subdivision lots at 16, and commercial subdivisions at 12. Again, no other category exceeds 5% other than the undeveloped land and multifamily categories. Moving on to page 16, just for reference, with a little more heightened focus on office space, particularly non-owner occupied office space, on a lot of folks' mind, I thought we'd show kind of where we sit as far as non-owner occupied office. As a percentage of our total portfolio, we're about 4.1% of total loans, so about $204 million, give or take, in the non-owner occupied office space. That comprises about 43% of our total office loans. The larger majority is in the owner-occupied office. That has been a traditional, you know, category for us in owner occupied. By state, as you might imagine with the recent acquisitions in both Florida and Georgia, we see that Florida holds about 49% of our non-owner, as does Georgia with about 29%. Our average loan size is probably typical for a community bank, more so than a larger national bank. Our average loan size on the non-owner occupied office side is $727,000. We've got a lot of mid-size, non-owner occ, portfolio. Maturities. Our total loans in non-owner occupied maturing through the end of 2025 comprise just under 20%. That's a pretty even balance of about 5%-8% of the subcategory each year over that 3-year run. A pretty orderly maturity schedule coming up in non-owner, owner-occupied. 51% of the portfolio matures in 2028 and beyond. We feel like, you know, the takeaway there is that gets us through what we hope will be kind of the downward trend in rates as those loans mature in 2028 moving forward. Thus far, credit quality has remained very stable over the last several years. Occupancies have continued to remain in our portfolio in acceptable ranges. As with most of our newer loans in this space, you know, newer credits, those are typified by more owner-injected equity in the credits to put them in the performance ratios we want to see. Classified non-owner occupied office is running just under 1.6%. Again, continuing to see good credit quality through that portfolio. Just referring you to pages 17, 18, and 19. If you had any questions on those, we could certainly answer those to come. That generally is a pretty good overview of credit as we sit through the end of the first quarter. Thank you, George. Appreciate those comments. That concludes our prepared remarks. Now we've opened it up for questions. Thank you. At this time, we will conduct the question and answer session. As a reminder, to ask a question, you'll need to press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by as we compile our Q&A roster. Our first question will be with Catherine Mealor from KBW. Your line is open. Thanks. Good morning. Hey, Catherine. Good morning. Dee Dee, what are you thinking in your NIM guidance? How are you thinking about deposit betas even over the course of the rest of the year? Well, I think, you know, Yeah, I think that was going to go up a little bit because I feel like we're, you know, we're continuing with the pressure with some of our competitors, with some products. You know, we've just been matching. It's how we kind of mentioned and same thing last quarter. We're just, you know, kind of fighting it every day and trying to, you know, maintain what we have. I just can see that continuing. We, we tried to put a little slide in there that showed the cost, and you can see the increase, you know, from February to March to kind of show a little bit of guidance going forward. You know, it's not, like it's, you know, deluge every day, but I mean, we have some, you know, continuing kind of daily. I do see that going up, some. Catherine, we may have to be a little more aggressive from here on out because, you know, as J.J. noted, pipelines are building, so we've got the ability to be a little more aggressive on the deposit side, but, you know, put out up in the loan book. feels like we have to be a little more aggressive. Yeah, I mean, but it's amazing. I I mean, if you look at your cumulative total beta so far is just still so low at only 12%. Is it, you know, what do you think is the driving factor so far? You just been able to keep as low of a deposit beta as you have been so far. I understand it'll increase from here for sure, but still, I mean, I think we'll be below industry averages. You know, we've got a well-diversified, relatively rural deposit base across the Southeast. You know, I think if you look, there's a slide in the deck that shows that like 80% of our accounts are consumer accounts. We don't have a lot of concentration in large commercial accounts, which tend to be a little less sticky, I guess. I think that's it. That's just it's highly granular. The average size account is $23,000. It's a highly granular, older seasoned retail deposit base across the Southeast. Yep. Great. Then on, how about on remix too? We're seeing, you know, across the industry a big remix from non-interest bearing into interest bearing. It's hard to kind of see just because you've got the merger, you know, kind of messing with the numbers a little bit. How, what are you seeing in that mix shift, and what do you expect for the rest of the year? For the last several quarters, Catherine, we've been in that same like our non-interest bearing, we were 31%. I think at the end of the year, we were a hair over 30 and a half, somewhere in there. I think September we were 31 and a half. You know, we've continued to kind of maintain that non-interest-bearing percentage. Would that be right? No, obviously, I think you're right. We hope to be able to maintain it pretty constant. Mm-hmm. Okay. Great. How about on the expense side? Do you have any outlook on just the expense run rate for the next couple quarters and the pace at which we'll see cost savings flow through? Yeah, I do, Catherine. I think, you know, we should see some more cost savings this next quarter. I'm showing, you know, a little under a percent, probably, 7.5%, 8%. 7.5%-8.1% in this next quarter. I think, going down to the third quarter, probably another 1.5%, and then kind of constant for the fourth quarter. I think we'll have with the Beach acquisition, a lot of those folks that were remaining that left with the end of January, and then with the Heritage, that will be end of May for some of those folks. I think we'll be able to see even more of that by the third quarter. Just to be clear that you're giving, can you specify what exactly you mean? Oh, yeah. Like on our actual expenses for the first quarter without acquisition charges is like $41.8 million. Mm-hmm. I'm showing that down to about forty-one and a half. Got it. It's like $40.8 the next quarter. That makes sense. Okay. Yeah. Great. Thank you. You're welcome. Thanks for the clarity. All right, great. Great quarter. Thank you so much. Thanks, Catherine. Thank you very much. Our next question comes from, oh, excuse me, from Matt Olney with Stephens. Your line is open. Hey, thanks. Good morning. wanna go back to the discussion around the core margin. Dee Dee, I'm curious what that assumes for liquidity deployment. You still have a very low loan deposit ratio, and you mentioned some of the security cash flow expectations. Just curious kinda what the plan is for deploying liquidity this year. Thanks. I think it's kind of like we have been saying, you know, remix. As we talked about the, you know, securities portfolio coming in at 2.50%, we, you know, we'll be able to deploy that into the, you know, into the loan book. Obviously, considering what the deposit runoff, you know, might continue to be. Obviously, we've talked about that and being aggressive in keeping those deposits. I mean, you know, 78%-80% loan-deposit ratio would be really good for us. That's kind of what we've been talking about for this year is a big remix opportunity. Okay. That's helpful, Dee Dee. On the loan growth side, I think J.J. mentioned a few new lending teams that are hopefully being onboarded pretty quickly. Pipelines sound like they're better now than they were maybe a few months ago. Curious kind of what this means for loan growth expectations for the balance of the year. You wanna take it? Well, I think we're feeling like between, you know, mid-single digit, high single digits, given that we've got the new markets in Tampa, Jacksonville, and Atlanta, and then Panhandle are really building their pipelines pretty quickly. Somewhere between 5% to 7.5% is kinda what we internally feel like our loan growth will come out for the year, Matt. Okay. That's helpful. Just one last one on the going back, I guess, to the margin, the accretion level. I think three and a half million dollars this quarter. What's the expectations for the scheduled accretion from here? Well, part of that, Matt, is difficult to predict because the first quarter until Heritage was on our books, we took a straight line approach to the accretion for Heritage. During this quarter, those loans will be added on, or the accretion will be added on. You know, it'll be accreting off on a loan-by-loan basis based on the average life of each individual loan. It can fluctuate, so it's very hard to just kinda predict. I would say, I think we have about $8 million, I think, off the top of my head, kind of internally budgeting for that for this year. But it's really kind of on a loan basis. Obviously, if one pays off or pays down, you get more that quarter, so. Just to clarify, do you have $8 million for the remainder of the year or the full year, of which we've already recognized three and a half? Part of that was not all of that was Heritage. I was really kinda talking about the additional accretion for this year over last, what was about $8 million for the Heritage book. I think there is a little over $2 million for Heritage this quarter. Got it. Okay. We still have some of those other acquisitions still generating some accretion in there. Okay, guys. Thank you. Great quarter. Thanks, Matt. Appreciate it. Thank you. Our next question will be from Christopher Marinac of Janney Montgomery Scott LLC. Your line is open. Thanks. Good morning. Hoppy, if we look out, the next maybe 18 months, I think now that the company has completed the acquisition and integration continues as kind of a steady state, should we expect to see some just modest normalization of kind of special mention and substandard loans? I'm just curious kind of how those get resolved now compared to the past. Do you think the credit resolution is the same as it would have been in past cycles, or will this environment be any different? That's, I don't know. I I haven't thought much about if it would be any different. I think that, you know, my initial thought, Chris, is, you know, first of all, we're not seeing credit cracks, and we keep looking. You know, you gotta believe with the velocity of interest rates have gone up that there's gonna be some cracks somewhere. In terms of resolution, I don't see us changing our approach to quick resolution. To, you know, in my career, it's always been the identification and quick resolution of problem credit limits your loss. Your first loss is your, likely your smallest loss. I think we've been very conservative about grading credits. I think our loan reviews and our exams have proven that out and that I can't remember the last time we had any material downgrades from an outside external auditor. We're pretty diligent. We've got a pretty prudent credit culture here, so I would think quick resolution, or our continued quick resolution would be our strategy. George, you have any thoughts around that? I agree, Hoppy. We have beefed up our regional senior credit officer capacity too, and each of our regions has an in-market regional credit officer that also works with a regional Special Assets Officer. They're able to identify problems early on and work together toward a resolution. I don't think our strategy will change any, but certainly the addition of some additional resources from more folks working on that very thing will benefit us over the next 18-month cycle. George, you made a great point. When you said that, I thought about. Chris, I think this goes along with your answer. As we've grown, you know, we've never had a Special Assets division up until about eight months ago. That's right. we took a very seasoned credit officer, and she started our Special Assets division. Now we have a, you know, a more formal collection process with a separate department that manages those problem credits in preparation for, one, being a larger bank, and two, you know, the economic headwinds and the fact that, you know, it's just a lot larger, a lot larger footprint to manage. That's a good point, George. All right, great. That's helpful. I guess just more, kind of stay in the audience, you know, with the modest growth that you have, in the future, you know, it still feels that the pre-tax per division, base is stable and growing, but that also feeds into, you know, credit, protection as well. Yeah. Great. Thanks for taking my questions. Thanks. Thank you very much. Our next question comes from Brett Rabatin from The Hovde Group. Hey, good morning, everyone. Hey, good morning, Brett. Wanted to just talk about the rebuilding of the loan pipeline. I guess I'm curious just to hear, you know, your experience in this market if others pulling back is providing opportunities on credit or if you're just still seeing existing customers maybe looking to do things, you know, and if there's pullbacks, are you being able to, you know, originate new stuff or put stuff in the pipeline that might be enhanced from a credit perspective with equity, et cetera? This is J.J. I think a couple of things. You know, when the interest rate run up happened late last year, I think we saw a pullback in contraction just from demands from our customers who are not sure. You know, we knew that at the end of the year that was gonna be down, and it was. I think we just got a little more aggressive in rebuilding those pipelines. I think it's just a combination of our clients getting ready. We are getting some new looks, but George will tell you, we're seeing some things now that I think we weren't looking at in the past that are coming to us that we're not excited about because it feels like everybody's, you know, trying to find place a deal. I do think there's some limitations in the market. I think our core business remains the same. We're still looking for quality opportunities. Just in our recent committee meetings, you can feel the pickup of credit and good credit from what we saw at the end of last year. Just one thing that amazed me is that, you know, we have required substantially more equity in most all projects that we've done since the end of last year and the first issue. I look down that pipeline, I look at the equity going in on the front end, and people are putting it in. Our, our core customers still have a lot of equity, a lot of liquidity, and we're just requiring more equity because of the rate environment, and they're still doing it. Okay. That's helpful. Wanted to make sure I, you know, I got the... You're having to pay more in deposits, you know, everybody is, and your betas have been really low. Would you guys have just a spot deposit rate that maybe you paid for CDs, money market type accounts at the end of the quarter? I believe one of our CD specials, y'all correct me if I'm wrong, I think we came out towards the end of the quarter at 4% for nine months and 3.75% for 13 months. That was kind of two of our specials. At the end of the quarter when we put that in place, we were seeing some 5% numbers from some of our competitors on money markets and some short-term three, six-month CDs at 5%. You know, we've been kind of just around that, whether it was on a CD or a money market, mostly in the 3% range on our money markets up until probably February, March, really more March, we went into that 4% range on some of the requests for money markets. Okay. That's helpful. Next. I'll let you know, I kinda mentioned a while ago, but in the deck we put out, you can see that increase from February to March, which was really where we obviously with the last rate hike, we had to increase our CD specials and then some of our money markets so. We're all in cost of deposits is 83 basis points at the end. For March. For March, yeah. Okay. Just lastly, tax rate from here, you know, is 22% a good number or does that move any higher or lower? It's generally, it's I would say around that's fine. It's kind of where we are. We were right on top of our pool for this quarter, so, I think we'll be in that range. Okay. Great. Appreciate all the color and congrats on the quarter. Thanks. Appreciate it. Thank you for your question. Our next question comes from Kevin Fitzsimmons from D.A. Davidson. Your line is open. Hey, good morning, everyone. Good morning. Hoppy, I just wanted to, you know, given that the deal is now, you know, in the rear view and you guys have healthy capital levels, but granted it's, you know, a bit uncertain in the environment, how are you feeling about buybacks today, Hoppy? I think it's still part of our capital tool and reward for our shareholders. You know, these prices certainly attractive. I think we'll use it. I think we to your point, Kevin, we've got plenty of capital, and it's another tool we can use to reward our shareholders. What's the current authorization in place is? It's $50 billion. Got it. Okay. Hoppy, you know, now with you guys over, deals are done, you're over $8 billion in assets. Can you remind us or maybe update us how you're thinking about this approach, however long it takes toward $10 billion in terms of whether that, you know, with the amount left, whether that changes your strategy or attitude on M&A and whether the things that are generally expected or required of being $10 billion, how much of that is already in your expense base, or is there more to go, you know, on that regulatory checklist for being ready? I think you've said in the past that they start well in advance of getting you ready. They have, that continues. Both our state examiners and our federal, the Federal Reserve, have been very proactive for us to say, okay, here are our expectations levels in terms of audit, compliance management systems, BSA, management information systems. We actually are having monthly calls with the Federal Reserve just to make sure that we keep pace at our expectation levels. They're to be honest with you, they've gone out of their way to do it. You know, they've done it. You know, like they said, "Hey, look, we want you to be ready because if you're ready, that's less work on us." I appreciate that attitude because I want to be ready. In terms of M&A, you know, right now for a bit, we're gonna digest them. We just completed two big acquisitions, you know, we always remain nimble for opportunities, Kevin, but we are very much focused on integrating these acquisitions. We've added some markets which we think give us above average organic growth opportunities. We're very much focused on the organic growth piece of it, but we'll remain opportunistic. We've started our 10-B committee. We formed an internal management committee that meets quarterly. We started our gap analysis, where we have a third party look at the gaps between $1 billion to $10 billion to what we have now in terms of our support systems versus what we need at $10 billion. We've got a good start to go. There's gonna be some more expense as we get closer to that $10 billion. You know, we think we've got good platforms built in terms of software platforms, process and procedure, you know, across the company. There's gonna be more people required as we approach that $10 billion threshold. I think, you know, the closer we get to that, you'll see maybe some increased expenses associated with that. I assume that's really compliance folks for the most part. Compliance, BSA, audit, those are all areas that really change materially from being in the community bank space to a regional banking organization. Got it. Okay. Thank you very much. Thank you, Kevin. Thanks, Kevin. As a reminder, if you would like to ask a question, you press star one one on your telephone. Please stand by while we compile the Q&A roster. At this time, I would like to turn it back to Hoppy Cole for closing remarks. Thanks, everyone, for joining us today. We were really thrilled with our quarterly results, and we feel like we're in a really good position, go forward from a competitive set, even given the economic headwinds. Appreciate everybody attending and, we'll look forward to visiting with you next quarter. Thank you for your participation in today's conference. This does conclude the program. You may now disconnect. Have a good day.