Good day, and thank you for standing by. Welcome to the First Commonwealth Financial Corporation's first quarter 2021 earnings conference call. At this time, all participants are in the 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 on your telephone. If you require any further assistance, please press star zero. I would now like to hand the conference over to Ryan Thomas, Vice President and Finance Investor Relations. Thank you. Please go ahead, sir. Thank you, operator, and good afternoon, everyone. Thank you for joining us today to discuss First Commonwealth Financial Corporation's first quarter financial results. Participating on today's call will be Mike Price, President and CEO; Jim Reske, Chief Financial Officer; Brian Karrip, Chief Credit Officer; and Jane Grebenc, our Bank President and Chief Revenue Officer. As a reminder, a copy of today's earnings release can be accessed by logging on to fcbanking.com and selecting the Investor Relations link at the top of the page. We've also included a slide presentation on our Investor Relations website with supplemental financial information that will be referenced during today's call. Before we begin, I need to caution listeners that this call will contain forward-looking statements. Please refer to our forward-looking statements disclaimer on page two of the slide presentation for a description of risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statement. Today's call will also include non-GAAP financial measures. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. A reconciliation of these measures can be found in the appendix of today's slide presentation. With that, I will turn the call over to Mike. Hey, thank you, Ryan, and welcome to those on the call today. I'll start with several first quarter headlines for First Commonwealth's financial performance. All in all, a very good quarter. Net income of $39.8 million yielded $0.41 in earnings per share, both quarterly records for our company. ROA was 1.77%. Regardless of credit tailwinds, our core pre-tax, pre-provision ROA was 2%. Net interest income was up $1.9 million, with $69.4 million as our borrowers received forgiveness of the 2020-2021 PPP loans. This PPP forgiveness helped buoy margin to 3.4%. Our consumer lending categories were all strong, with several delivering record originations. Commercial lending originations had some first quarter momentum but could not outrun liquidity-induced payoffs, PPP forgiveness, and lower line utilization from our business customers. Geographically, our Ohio markets continue to lead the way in growth. The team did a nice job of further reducing our already low-cost deposit funding to help strengthen the margin as well. We expect excess deposits to start to slowly burn down as spending increases. Non-interest income of $27.4 million comprised 28.2% of revenue and represents the third consecutive quarter of outstanding non-interest income performance. Comparing the current quarter to the first quarter of 2020, our debit card interchange income was up 22%. Our mortgage gain on sale income doubled versus last year's level. Our SBA gain on sale income was up 170%, and our wealth business was up 18.7%. Low first quarter charge-offs of $3.3 million, coupled with an improving economic outlook in our CECL model, led to a negative provision of $4.4 million. The associated reserve release represented 4.5% of our December 31st loan loss reserves, leaving a healthy reserve of $96.8 million, or 1.55% of total loans ex-PPP as of the quarter end. Our gross level of non-performing assets fell in the first quarter by $3.7 million as well to 0.48%, or 58 basis points of total ex-PPP loans. Expenses of $51.9 million were down $2.7 million over the fourth quarter as our core efficiency ratio fell to 53.2%. In short, we saw improvement in net interest income, non-interest income, credit, expenses, and deposits. Only commercial loan growth lagged our targeted growth rate. We expect commercial loan growth to remain somewhat muted and take a bit longer to pick up given higher levels of liquidity and the overall strength of the permanent market. Pipelines have started to build in both C&I and investment real estate, we also expect to see strong consumer and small business loan growth in the second half of 2021 as spending has started to pick up. As a result, we believe that we can achieve the upper end of our mid-single-digit loan growth target for the remainder of this year. As an aside, in round two of PPP lending, the team has helped 2,500 small business and mid-sized businesses secure roughly $255 million in funding. If you recall, in round one in 2020, the team made roughly 6,000 loans for $500 million. In the first quarter, we also received over $326 million in stimulus payments for approximately 95,000 households who bank with us, further increasing the bank's excess cash. We continue to see very strong adoption of our new digital platform, with first quarter growth rates of 7.5% in active mobile users. In addition, our customers have displayed strong demand for Zelle, our person-to-person payment solution, as new Zelle token enrollments are averaging 2,400 a month during the quarter. Our digital account opening is up significantly year-over-year as well. Overall, we're very pleased with the response from our markets to our new digital platform and solutions. Lastly, on our corporate governance culture, the team and I are grateful for the leadership and counsel of David Dahlmann over the past 15 years as chairman of our board of directors. David has created a strong, independent board and a strong corporate governance culture that creates appropriate accountability with the management team. It's a privilege also to welcome Jon Gorney into the position of Board Chair. Jon's 37-year banking career at two top 10 U.S. banks includes C-suite leadership roles in technology, digital, and operations, alongside integrating over one dozen banks in a payment processing acquisition. Jon's background makes him uniquely positioned to lead our company at this time. Now, I will turn it over to Jim. Jim? Thanks, Mike. Mike has already provided a high-level review of our financial results for the quarter, I'll spend my time providing some additional detail on our margin and our non-interest expense. The reported net interest margin, or NIM, improved from 3.26%- 3.40%. New PPP round two net originations of $215 million in the first quarter almost perfectly matched the $216 million of net round one PPP loans that were forgiven, leaving PPP balances virtually unchanged at approximately $479 million as of March 31st. Lots of forgiveness works to the benefit of the margin as expected. Fortunately, these effects were telegraphed in advance and well anticipated in our forecast and by the market, as we couldn't help but note that consensus estimates of our spread income came within approximately $400,000 of our actual figure of $69.8 million. However, our consensus estimates for net interest income for the remainder of 2021 don't yet seem to reflect the anticipated recognition of fee income from PPP round two loans that we generated in the first quarter, which is, of course, completely understandable. To be clear, as of March 31st, we had $13.1 million in total PPP fee recognition remaining from both rounds, $9.5 million of which is from round two. Of that $13.1 million, we expect to recognize $10.2 million in the remainder of 2021, $8.5 million of which is from round two. These forecasts assume 90% of the balances from both rounds are forgiven by the end of the year. On the other hand, our core NIM excludes the effects of both PPP and excess cash. That improved from 3.29%-3.36% in the first quarter, mostly due to improvement in the cost of interest-bearing deposits. In one quarter, we took nearly a third of the cost of our interest-bearing demand and savings deposits off from 14 basis points to 10 basis points, and about a quarter off of the cost of time deposits from 105 basis points to 75 basis points. With the growth of non-interest-bearing deposits this quarter, the total cost of deposits fell from 17 basis points to 11 basis points, and some repricing opportunity remains. All of this gives us the confidence to raise our core NIM forecast for the remainder of this year from our previous guidance of 3.20% ±5 basis points to 3.25% ±5 basis points. Our forecast incorporates expectations of a steepening yield curve that should help blunt the impact of excess cash and provide some measure of margin stability through this year and next. Core operating expense came in $2.2 million lower than last quarter to $50.9 million. Part of that was due to expected seasonality in some of our line items like healthcare expense, where we spend more in the fourth quarter every year. Where non-interest expense was lower than expected this quarter were line items like OREO and collection repo costs, which together were about half a million dollars less than we expected they would be. Our ability to defer expenses associated with PPP round two production, which amounted to $428,000 in the first quarter, along with high vacancy rates in our retail network as we staff up now that we have fully reopened our branch lobbies. Mike already spoke to our strong fee income in the first quarter. I would only add that even with mortgage income slowing down a bit in the second half, we anticipate being able to sustain a pace of $26 million-$27 million per quarter in non-interest income for the remainder of 2021. Finally, we implemented our $25 million share repurchase program in the first quarter, albeit at a slow pace, with only 28,000 shares repurchased in the quarter at an average price of $13.99. We announced yesterday a 4.5% increase in the dividend. With that, I'll turn it over to Brian. Thank you, Jim. Management is pleased to report our solid first quarter credit results, underscoring the effectiveness of our underwriting standards, the discipline around our portfolio management practices, and the strength of our credit culture. While we see the light at the end of the pandemic tunnel, the final episodes of the miniseries are still being written. Management continues to be prudent and reasoned as we navigate the economic recovery and the reopening of our local economies. Let's turn to the numbers. Our Q1 commercial delinquencies were quite low at 0.03%, reflecting our hands-on relationship management approach to commercial lending. Our consumer delinquencies were well-behaved at 0.27%. This is due to our strategy of early calling by our borrower's assistance team, as well as stimulus checks and early tax refunds. Criticized loans decreased in Q1 by approximately $31 million- $272 million, reinforcing my earlier comment that we are seeing the light at the end of the tunnel. Hospitality continues to represent the largest segment within criticized loans, as well as the largest portion of loans on deferrals. On a case-by-case basis, when granting deferrals, we have negotiated a variety of structural improvements, including increased recourse, debt service reserves, additional collateral, equity contributions, and additional covenants. Let me say that we are hearing from our customers that the trends in occupancy have improved and are expected to continue to improve, reflecting increased vaccinations. Borrowers are seeing increased leisure travel, increased bookings for both weddings and some business travel, including small corporate events. Contribution from food and beverage has increased with the lifting of certain restrictions. We are pleased that end of period, net non-performing loans totaled $50.4 million, an improvement of approximately $3.7 million. Our non-performing loans as a percentage of total loans, excluding PPP, fell to 0.80%, down from 0.86% at year-end. Reserve coverage ratio increased to a healthy 192%. Similarly, non-performing assets as a percentage of total assets fell to 0.55% for the quarter, down from 0.62% at year-end. Net charge-offs were at the low end of our internal quarterly range at approximately $3.3 million. Quarter to date net charge-offs annualized were 0.21%, excluding PPP. Let me provide some color on the provision and our reserves for the quarter. First, let me remind you that we adopted CECL on December 31st, 2020. We utilized certain Moody's forecasts of key economic indicators, including GDP and unemployment, and our internal calculations. The provision for the first quarter of 2021 was a negative $4.4 million due to changes relating to unfunded commitments, lower loan outstandings in certain portfolios, improvement in quantitative input metrics, and improvements in several qualitative factors. Overall, we are well reserved at $96.8 million. Reserves as a percentage of total loans at quarter end were 1.44% and 1.55% excluding PPP. As I mentioned last quarter, management sees the potential for tailwinds towards the back half of 2021. Future releases will be predicated on a number of factors, including loan growth, credit metrics, and continued improvement in economic conditions. Now let me turn it back to Mike for Q&A. Okay, thanks, Brian. Operator, questions? Thank you. As a reminder, to ask a question, you will need to press star one on your telephone. To withdraw your question, press the pound or hash key. Please stand by while we compile the Q&A roster. Your first question comes from the line of Steve Moss of B. Riley Securities. Please go ahead. Your line is open. Good afternoon. Good afternoon, Steve. Good afternoon, Mike. Maybe just start off with loan pricing here, just kind of curious as to what you're seeing for competition in your markets. I noticed your yields ex PPP were stable quarter-over-quarter. Curious how that dynamic going forward here. Yeah, just looking at our net production, Jim, I think it was pretty flat from quarter to quarter. Maybe a little pressure on mortgage loans. Installment loans. Commercial fixed was pretty flat. [Tail the pace], is that fair? Yeah, that's pretty much it. With commercial loans coming on in the low threes, that's been pretty consistent. Part of the story for us, Steve, is the replacement yield story is getting better. It hasn't gone away, but in the fourth quarter, we had negative replacement yield was -62 basis points, and this quarter was only - 20 basis point. That's playing itself out like we thought it would in getting us closer to neutrality and then helping stabilize the loan portfolio yield. That's why this quarter we saw an improvement. The low portfolio was relatively unchanged. Actually, it was up one basis point, but that's not statistically significant. It was really on the deposits, where we had improvement. Right. Is that helpful? That is helpful. Exactly what I was looking for. Just in terms of sticking with the margin and the balance sheet here, just you guys added securities this quarter. Cash still went up. Just kind of curious on the rates of your purchases this quarter and maybe the potential for additional purchases in the upcoming quarter. Jim? Yeah, sure. It changed quite a bit over the quarter, actually. At the beginning of the first quarter, we were buying securities at the low ones, a little over 1%. Most of what we buy is plain vanilla MBS. We don't really look at the securities portfolio as a place where we want to take risks, so it's pretty plain vanilla. Those yields were in the low ones. By the end of the first quarter, we actually were able to buy securities because of the steepening of the yield curve that were at 2%. The yield curve has flattened out a little bit since then. That was when the 10-year was up a little higher than it is today, and it's come back a little bit. Our preference generally is not to extend duration in the securities portfolio. We've been trying to buy securities in the four- to five-year duration window, but not really going beyond that. Those yields have come down south of 150 in the last week or so. You asked about the security portfolio in general, and with that much cash sitting around, we do expect to buy more securities going forward. We want to make sure that we maintain sufficient liquidity for our customers if they spend their money, and obviously we anticipate some good loan growth. We want to make sure we can take those funds and deploy them into profitable loan growth, which is, of course, our first choice. Even with all that, we'll probably increase the securities portfolio somewhat over the course of the year. Okay. That's helpful. Just one last one for me in terms of expenses here, down nicely quarter-over-quarter. Just kind of, and I apologize if I missed this, just kind of curious as to how to think about expense for the upcoming quarter and if there was any, maybe a PPP impact this quarter. I don't know that the guidance has changed. This is Mike, 52- 53. Jim, I don't know if you want to add any color to that. Yeah. That still seems to be the right guidance. When we looked at a consensus forecast and didn't see any reason to update that guidance. We did get the benefit of a few things in the first quarter. I think you were asking about [ASC 958 deferrals] on PPP, and that was the total I was giving earlier of $428,000. That reduced to [$84.28] the first quarter. We have [ASC 958 deferrals] every quarter with production, but that was really associated with PPP round two. That was purely to appear just for the first quarter's production from PPP round two. Okay, great. Well, nice quarter. Thank you very much for all the color. Thank you. Your next question comes from Steven Duong of RBC Capital Markets. Please go ahead. Your line is open. Hey, good afternoon, guys. Jim, I appreciate the core NIM now. It is great you guys are getting that to 325. Maybe just a little detail on just the liability side. What do you have maturing on your time deposits, and where are you currently pricing them at? Actually, I'm glad you asked. I have some detail I'm happy to share with you. We have about $320 million in CDs maturing in the remaining three quarters of this year, and that pool of CDs is currently yielding 60 basis points. Those that are maturing, the current offerings we have, the rates are not very different from the other banks in our area. CD pricing for time deposits at different terms tends to be fairly middle of the pack, but a new 12-month CD will be close to 10 basis points. Again, not new there, that hasn't moved in a while. That's pretty middle of the pack for our market. What we are experiencing are rollover rates that are anywhere from 1/2 to 2/3 of the maturing CDs rollover. That's 60 basis points of CD, $320 million for the remainder of this year. We also have, in addition to that, Steve, another $81 million in money market accounts that had a guaranteed time on them. Those are actually yielding 1.14%, and those are going to reprice later this year as well. There really is some repricing opportunity. Overall, when your cost of deposit is 11 basis points, that's not a negative carry versus the interest on excess reserves of the Fed, right? That's getting to parity with the 10 basis points we get from the Fed. It's not a drag on earnings anymore, but there's still some opportunity to bring it down even further. Right. I guess with CDs, you're pricing at 10 basis points. Are there actually people rolling it over into a CD at 10 basis points versus just putting it in a savings account? Well, you know, Steve, every season, thick or thin, every interest rate environment, there's always a group of CDs that when they get to maturity, just auto roll without any action by the borrower at all. That's true for us and for every bank, and that's continuing. In this environment right now, there's almost no one in our market area offering any time deposit specials at all, and the remaining holdouts for some of the banks that were still offering higher rack rates have finally brought those down as well. If you want to time deposit a customer, there's just not many places where you can go. Right. I guess, if we look into next year, is it possible that we could see cost of deposits like 5-10 basis points? Oh, yeah. I mean, we're 11 basis point now, total. [audio distortion], right? That helps the overall mix as well. Yeah, we're 11 basis points now. You could see that in the 5- 10 basis point range for the rest of the year. Right. You're pretty much limited on what you could do on the borrowing side, right? That's right. We have some borrowings that are going to roll off in May. I think there's a $50 million FHLB borrowing that's going to roll off in May. The way those are priced, it's not worth doing prepayment penalty, so we just let it ride and let it roll off. That'll come off here next month, and that'll help the NIM as well. Got it. Just one last one just on this margin. If the 10-year stays where it is currently, do you expect your overall core loan yield to increase or just remain stable? Probably likely to remain stable. The steepening has helped us. I think we've been pretty successful in our originations in getting the most spread we can in our commercial originations and getting floors in for customers as well. Those ticked up quarter-over-quarter. I think we're pretty successful on that. Given the steepening of the yield curve, given where the 10-year is right now, we're probably looking at yield stability on the loan side. Great. That's all I had. Yeah, this is a nice trend for the quarter. Thank you. Thank you. Your next question comes from Russell Gunther of D.A. Davidson. Please go ahead. Your line is open. Hey, good afternoon, guys. Good afternoon. I wanted to follow up, Mike, on your commentary about the organic growth outlook. A lot of good color and detail there. Trying to triangulate the progression of the consumer strength and when that baton gets passed to the commercial. Does your mid-single-digit-ish guide contemplate commercial growth contributing to the positive momentum, or is the mix going to be more consumer weighted near-term? I believe we could cross the Rubicon kind of late in the second quarter or in the third quarter. We were satisfied with production the last two quarters. It's just the liquidity, the shrinkage in the line usage, and the excess liquidity that created some payoffs kind of outran us a bit. I expect that commercial side to ramp up somewhat. I think we could have both of them yoked by the second half of the year and moving in the same direction. In a small business lending, we really set some records in the first quarter with production. SBA hits fee income. We have good momentum there. Indirect lending good momentum. We just need cars and houses out there. The inventory is shrinking for both. Then consumer lending branch-based, Jane Grebenc, Joe Kulas have just done a great job. I mean, that number is up probably 30% year-over-year, and that's mostly sales related. Of course, mortgage. Most of mortgage gets converted into gain on sale income and is not really hitting the balance sheet right now. I feel good about the consumer side, and the commercial side has always been the big engine for us, and we expect that to kick in in the next couple of quarters. Thank you, Mike. Yeah, it's very encouraging on the organic growth outlook. Just switching gears, last line of questions would be on the fee income side. Also encouraging to hear that $26 million, $27 million number on a quarterly basis, despite mortgage coming down. Could you guys just spend a minute in terms of what you think the drivers going forward will be of that fee income strength and perhaps comment on the SBA gain on sale specifically, if you could? Thank you. Just a couple of comments, and then Jim can fill in and perhaps Jane as well. We really haven't seen a lot in swap fees that could create some tailwind and hasn't. Mortgage is tapering somewhat but remains strong in the second quarter. SBA loans, we expect to have a nice quarter and have a good pipeline there. Our brokerage business and trust business just get better every year. Interchange is strong. You might see a little taper in mortgage. Jim or Jane, any color there? Any additional color? I think you hit the high points, Mike. I'd only add if those numbers reflect some tapering of the mortgage income that we anticipate may be even higher if mortgage income will continue on its current trajectory. If you expect that to slow a bit, and then Jane, I'll hand it off to you if you have any other color on the things that Mike was mentioning. It's been a very good quarter for SBA. We expect that to just get better. The SBA pipelines are very strong, so that won't appear on the balance sheet. 60% or more of our SBA business comes from referrals from small business lenders or corporate bankers, so we're happy either way. The pipelines are very strong in SBA, and the gain on sale in SBA has been stronger than I've ever seen it, 11%-12%. I feel good about the non-interest income. Thank you all for taking my question. Thanks, Russell. Your next question comes from Frank Schiraldi of Piper Sandler. Please go ahead. Your line is open. Hi, everyone. Hey. Just wanted to ask sorry if I missed it, but in terms of share repurchases, I know you have the new program, but just wondered your appetite there, given the move in the share price. Jim? Yeah. No, we're happy to have the program and the authorization, put that in place. We had looked at the price levels where we wanted to buy, and we wanted to be more aggressive below $14, and that's why we had expressed the $13.99. With the share price coming up a little bit we had tapered off those purchases. We'll revisit that. For us, it's not so much that sometimes people have read a calculation of the earn back period. For us, it's a question of generating excess capital and the best use of that excess capital. Those share purchases will continue this year and might even pick up from here. Okay. Lastly, I know you guys touched on this in terms of the potential for releases going forward, but in terms of the reserve to loan ratio, just wondering your thoughts on where that could trend to as some more uncertainty maybe comes out of the environment. Is it best to kind of think about where we were early in 2020 before the pandemic, or what's the best way to think about where that could sort of stabilize? Brian? Yeah. Thank you. Thank you for your question. We continue to be disciplined and prudent in the way we reserve. We look at our loan growth. We're going to look at our charge-offs, our quantitative and qualitative components of our model, including our high risk model, our high risk portfolio, and then we'll potentially bring the reserves down depending on the economic outlook. Let me also note that we had almost $13 million in our high risk portfolio at year-end. We've reduced that to about $6 million this quarter. We've brought the number down consistent with the improvement in the economy. We'll continue to look at it, and as the picture gets clearer, we'll continue to dial in to what is an appropriate level of reserves for our company. Okay. It's always hard to say, but the high risk portfolio you have, is that actively being looked at in terms of do you see the potential to maybe move some of that off balance sheet this year? I'm just trying to get a sense if there's any reason to expect anything other than very normalized loss rate for 2021. No, we give you the high risk portfolio in the slide deck. What is hard for you to tease out of it is that the retail portfolio, we reduced the reserve associated with that, the high risk portfolio, cut it more than half. We're seeing great improvement in the retail side of our portfolio. Senior living, we've got one problem we're dealing with. Energy, restaurants, we're watching closely, but we brought those reserves associated, the COVID related reserves down purposefully because we are seeing improvement in that portfolio. Okay. All right. Thank you. Thanks, Frank. Your next question comes from Matthew Breese of Stephens Inc. Please go ahead. Your line is open. Hey, good afternoon. Good afternoon. Hey, Mike, just on the loan growth outlook. Auto loans has been a strong driver, a strong component of consumer growth recently. We've heard more recently of some chip shortages in the area for, I think particularly for the new car sales. Just curious if you're seeing any impact there, and as you look towards the end of this year, if that could impact your ability to put new auto loans on the book. Maybe give us a sense for the mix between new and used auto. Hey, Jane, why don't you handle this one? Thanks, Mike. Thank you for the question. We are predominantly a newish used car lender, but the chip shortages, part shortages generally are affecting used cars as much as they are new cars. We've had a very good first quarter, as you've noted. We're going to have a good April, but I think it's going to mute our growth a bit over the next couple of months. I think it will be good, but it could have been great. Supply is definitely being outstripped by demand. Got it. Okay. I appreciate that. Mike, just acknowledging the size of the balance sheet relative to the $10 billion threshold and Durbin. I know M&A is something that's been brought up before. Just curious how conversations have gone. Have they picked up or not? Do you think M&A and your ability to acquire is something that could happen this year? We are very cognizant of the $10 billion. Indeed, we feel like we're prepared, certainly from an enterprise risk perspective. On the acquisition side, ideally, you either do something and find a way to stay under it for a year, which pushes it out in 2023. You do something larger. There's nothing imminent right now. There's lots of conversations out there, but I doubt that that's significantly different than like-sized peers. We also feel like with the impact of Durbin, it's incumbent upon us to find other sources of fee income to compensate for the loss in Durbin and scale other businesses over a period of time. We feel like we've de novo'd our way into a lot of things, and we've been successful. The team on the operations and on the business development side have executed flawlessly, whether it's mortgage, indirect, enhanced consumer lending, SBA. We just have a good team that can build things out. We'll try to help you both ways. We'll try to do it thoughtfully in terms of staying on this side or going decisively over. We're cognizant of fee income as a percentage of revenue is important to us. We've made great strides here the last decade with lots of investment, and we look to continue to grow those non-interest income and fee businesses. Got it. Okay. The last one for me, just on the digital banking front. Feels like that is a big push for all banks, especially on the back of COVID. Could you just give us a couple of areas where you feel like on the digital banking side you are different or set apart or farther ahead on the curve than your peers? Yeah, a couple of places. I think we're getting very good at digital account opening as a percentage of our overall new deposits. I feel like we've just put in a new treasury management platform so we can play bigger than perhaps some of our community bank peers. Certainly, we're not doing foreign lockboxes and things like that bigger banks do. Nevertheless, just good utility there. I think our user interface and our customer experience from the mobile to the online to the tablet is very contemporary or user-friendly, has personal financial management tools that can help people with budgeting and other things. This is a fun part of our business to maintain our relevance. I also think we could finesse the digital with the community bank brand in a way that the bigger banks always don't have to win. I think you can like local and get a good digital experience. I have the expert on the line, Norm Montgomery, who's our CIO. Norm, do you want to add anything to that? I would just add that last year we set ourselves up well by changing our digital platforms, as M ike Price indicated, on both the consumer side and business side. We are really ready to grow in those areas with the latest solutions. Thanks, Norm. Is that helpful? Very helpful. That's all I had, Mike. Thanks for taking my questions. Thank you. There are no further questions at this time. I'll turn the call back over to Mike Price, Presid ent and CEO, for closing remarks. Thanks again. We appreciate your sincere interest in our company. We look forward to being with a number of you over the next quarter or two. We appreciate the entrée to terrific investors, and just thank you for your effort and your diligence in following First Commonwealth. This concludes today's conference call. Thank you for participating. You may now disconnect.