Good morning, everyone, and welcome to the Horizon Bancorp, Inc. conference call to discuss financial results for the Q2 of 2026. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touch-tone phone. To withdraw your question, please press star and then two. Now I will turn the call over to Todd Etzler, Executive Vice President, Corporate Secretary, and General Counsel for the opening introduction. Good morning, and welcome to our conference call to review Horizon's Q2 results. Please remember that today's call may contain statements that are forward-looking in nature. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those discussed, including those factors noted in the slide presentation. Additional information about factors that could cause actual results to differ materially is contained in Horizon's most recent Form 10-K and later filings with the Securities and Exchange Commission. In addition, management may refer to certain non-GAAP financial measures that are intended to help investors understand Horizon's business. Reconciliations for these measures are contained in the presentation. The company assumes no obligation to update any forward-looking statements made during the call. For anyone who does not already have a copy of the press release and supplemental presentation issued by Horizon yesterday, they may be accessed at the company's website, horizonbank.com. Representing Horizon today are Executive Vice President and Senior Operations Officer Kathie DeRuiter, Executive Vice President and Chief Commercial Banking Officer Lynn Kerber, Executive Vice President and Chief Legal and Risk Officer Todd Etzler, Executive Vice President and Chief Financial Officer John Stewart, and Chief Executive Officer and President Thomas Prame. At this time, I will turn the call over to Thomas Prame. Thomas. Thank you, Todd. Good morning, and we appreciate you joining us. Horizon's Q2 results continue to highlight the strength and durability of our community banking model and management team's commitment to delivering shareholder value. The quarter continued to show impressive results with a net interest margin in the mid 430 range, strong fee income performance, and excellent credit trends. These results advance our capital levels with CET1 of 11.09% and total risk-based capital of 15.01% at the end of the quarter. As we impact the H1 of 2026 performance, we are pleased with our practical approach to balance sheet growth with year-to-date deposit growth of approximately 5% annualized, coupled with quality lending growth of approximately 4% annualized, led by a strong commercial loan performance of 5.7% annualized in the Q2. These results align well with our full-year expectations and display our disciplined approach to growth on both sides of the balance sheet while maintaining the consistency in our net interest margin performance throughout the year. Our strategy of efficient balance sheet growth, coupled with expansion of our fee income verticals and conservative approach to credit, positions the company well for continued positive shareholder value generation in the H2 of 2026. As communicated to the market previously, the company did establish an accrual for legal expenses related to an unfavorable litigation decision in the Q2. We anticipate this accrual will remain in place until the company finalizes its appeal process in subsequent quarters. Excluding this one-time event, which represents earnings of approximately $0.05 per share in the quarter, the Q2 results were positive on many fronts, expanding on our momentum from the Q1 and aligned with our full-year expectations. Overall, we believe it's been a very successful start to the H1 of 2026, and John will provide more specific details concerning our Q2 and year-to-date results. The performance level of the franchise to date and the positive financial results we have delivered for our shareholders have been very strong, and we remain optimistic on this outlook as we head into the H2 of 2026. At this time, I'd like to hand the presentation over to Lynn Kerber, Horizon's Executive Vice President and Chief Commercial Banking Officer, to provide additional insight into the quarter's excellent lending and credit performance. Lynn? Good morning. The Q2 was another solid quarter from a lending perspective and showed growth over the Q1. We generated strong commercial growth, maintained stable credit metrics, and continued to deploy capital in a disciplined manner despite a competitive market environment. What I find most encouraging is not just the level of growth but the composition of that growth. We continue to win attractive relationship opportunities across our footprint while maintaining the underwriting and pricing discipline that supports long-term profitability. As outlined on page four, loans held for investment ended the quarter at just under $5 billion, increasing approximately $81 million or 6.6% annualized. Commercial banking continued to drive growth, with commercial balances increasing approximately $64 million during the quarter. Residential and consumer portfolios contributed modest growth during the quarter and continue to perform well. Mortgage pipelines have improved entering the Q3, supported by recent production trends and strategic hiring initiatives. Page five provides an overview of our commercial lending portfolio and performance in the Q2. The vast majority of our growth came from C&I lending, which increased approximately $62 million to 31% of the commercial portfolio. Growth was broad-based across the franchise, with strong contributions from our Michigan markets as well as Indianapolis and Northwest Indiana. While commercial balances increased meaningfully, commercial real estate balances remained relatively flat. This was primarily the result of elevated payoff activity rather than weaker production. The majority of payoffs occurred because customers successfully executed business plans through property sales or reached the natural conclusion of a financing need. We remained committed to our underwriting standards and rate discipline rather than compromising long-term credit quality or profitability. Regarding the C&I activity, the strongest growth came from our community banking franchise and was augmented by our equipment finance team. Primary segments were professional services, construction services, property management, warehouse and logistics, and utility-related businesses. Importantly, this growth was not driven by one or two large transactions. Rather, it reflects healthy activity across a broad group of customers and the continued success of our relationship banking strategy. These relationships often extend beyond lending and create opportunities for deposits, treasury management payments, which are strategic priorities for the bank. Credit quality continues to be a significant strength for Horizon. Net charge-offs were approximately $605,000, or just five basis points annualized. That remains exceptionally low relative to both historical levels and peer performance. More importantly, we are not seeing deterioration in the underlying trends that would suggest a meaningful change in our outlook. Early-stage delinquencies remain low and well-controlled, while borrower performance remains stable across the portfolio. Substandard loans total $64.6 million, or 1.3% of loans, and were essentially unchanged from both the prior quarter and prior year. Non-performing loans declined during the quarter to $34.9 million, or 0.70% of loans. The key takeaway is that criticized asset levels remain stable, non-performing loans improved, and loss experience with the portfolio continues to be very low. The allowance for credit losses remains stable at $51.9 million, or 1.05% of loans held for investment. We believe the reserve remains appropriate given current portfolio performance and economic assumptions. Overall, we delivered another quarter of strong commercial growth led by C&I lending while maintaining disciplined underwriting and stable credit performance. With healthy pipelines, strong customer activity, and a diversified portfolio, we believe Horizon remains well positioned to continue delivering profitable growth through the remainder of 2026. I'll now turn the call back to Thomas for a discussion of deposit trends and the balance sheet. Thank you, Lynn. Transitioning to our deposit portfolio displayed on slide eight. Horizon's deposit portfolio for the H1 of 2026 continued to deliver favorable performance with positive growth in its major categories of non-interest-bearing, interest-bearing segments with CD balances relatively flat year to date. As mentioned in our Q1 earnings comments, the company expected to be a net user of the strong deposit gathering efforts generated in the Q1 and leverage this liquidity as fuel for our quality loan growth in the Q2. This agility in our business model helped maintain our historically low cost of interest-bearing deposits, increasing only four basis points in the quarter, while providing ample funding capacity for loan growth, which was led by the commercial team in the Q2. Year to date, deposits are up $125 million, representing a 4.8% annualized growth rate. As we move forward, the franchise remains highly engaged on pairing core deposit growth with common sense community lending efforts in our local markets. These activities have produced solid year-to-date performances on both sides of the balance sheet, and we remain committed to this parallel strategy of growth and margin management as we approach the H2 of 2026. Let me hand the presentation over to our Executive Vice President and Chief Financial Officer, John Stewart, who will walk through additional income statement highlights and the continued positive outlook we see for the remainder of 2026. John? Thank you, Thomas. As you can see on slide nine, the net interest margin expanded by another eight basis points in Q2 to 4.37%. As noted in Thomas's comments, we expected to be a net user of cash in the Q2, which turned out to be the case, with average interest earning cash down about $59 million. This result was certainly a favorable contributor to the margin expansion in Q2. As we have said all year, the movement of average cash quarter to quarter has the potential to impact the net interest margin percentage but has little impact on net interest income dollars. More notably, we saw expansion of the spread between loan yields and total deposit costs. Loan yields increased by nine basis points versus the prior quarter, compared with a three basis point increase in total deposit cost, inclusive of non-interest balances. This, coupled with the favorable earning asset mix shift previously mentioned, drove the margin expansion we experienced during the quarter. Looking ahead, I'll make a few comments. Loan yield dynamics remain generally favorable. The weighted average new production rate on total loans was about 6.75% in Q2, which has continued thus far in July. This compares favorably to current book yields, as you can see. Expected cash flows over the coming quarters, which should approximate $150 million per quarter coming off in the 6.2% range. As noted last quarter, and as we saw in Q2, it was and continues to be our expectation that interest-bearing deposit costs trend modestly higher from here, with no additional rate cuts. Given the loan yield dynamics just mentioned, we do have some promotional deposit pricing in the markets aimed at winning new households and greater wallet share. During Q2, our weighted average deposit production costs were in the range of 2.3%, inclusive of the mix of production in non-interest-bearing balances. Therefore, marginal growth in loan and deposits should be generally supportive of our net interest margin and net interest income outlook. Cash balances will continue to move the margin percentage around, with balances ending the quarter $44 million above the average and our expectations for loan and deposit growth. We would anticipate average cash over the balance of the year to exceed the $102 million we saw in Q2. The result is that we anticipate the margin percentage to be in the range of 4.3%-4.35% over the H2 of the year. Finally, you'll note that the outlook on slide 13 now includes the general market expectations for one 25-basis-point Fed hike later in the year, compared with two cuts in our initial 2026 outlook in January and no rate changes in our April update. As was the objective all along, we feel our interest rate exposure is very close to neutral and therefore, our net interest income and margin outlook have remained unchanged all year. As you can see on slide 10, non-interest income results were strong during the quarter, growing 10% compared with the year-on-year period, led by fiduciary activities and mortgage, which each grew by about 20% year-on-year. Both business lines are benefiting from new leadership, investments in talent, and improved sales management practices. We were pleased to see an acceleration in year-over-year growth in interchange fees as both card usage and spend experienced growth in the current period. On slide 11, expenses came in at $43.8 million, which includes the previously announced $3.1 million legal charge. Excluding this item, expenses were modestly better than expectations and largely unchanged from the prior quarter as operational efficiency and positive operating leverage remain a focal point. We did see the anticipated uptick in salary expense and higher strategic marketing spend, which was largely offset by seasonal declines in benefits and occupancy costs and lower professional fees. Turning to capital on slide 12. While the aforementioned legal charge modestly impacted the growth in capital ratios, Q2 results drove another nice sequential increase, with CET1 up 28 basis points to 11.09%. This result was driven by continued strong levels of operating profitability and modest sequential growth in risk-weighted assets as we continue to proactively manage the deployment of risk capital across the balance sheet. As we have previously communicated, we are very comfortable with the company's capital position, particularly considering the sustained high level of profitability we are expecting. As our 2026 outlook suggests, the expectation is that we will continue to accrete the capital quickly, which you will see over the balance of the year. Turning to slide 13, our guidance for 2026 is modestly more favorable. Period-end loan and deposit balances are still expected to grow mid-single digits, which would suggest loan and deposit growth to be well balanced in dollars over the H2 of the year. As we have consistently noted, balance sheet growth will be driven by deposit growth going forward, this strategy has not changed. Non-FTE net interest income is still expected to grow in the low teens year-over-year, with the FTE net interest margin over the H2 of the year in the 430 to 435 range, assuming higher cash balances going forward. Average earning asset balances are still expected to modestly exceed $6 billion for the full year. This outlook now includes one 25-basis-point rate hike in October, compared with no changes to rates in April. This change in assumption did not impact the outlook. Fee income is still expected to be in the mid-$40 million range for the year, with results generally consistent quarter-to-quarter. Excluding the $3.1 million legal charge in the Q2, expenses are now expected to be in the low to mid $160 million range for the full year. This would suggest a quarterly run rate similar to what we experienced in the H1 of the year, excluding the legal charge. The effective tax rate is still anticipated to be in the range of 18%-20%. Overall, we are pleased with the results of the H1 of 2026. As the guidance suggests, it should be a strong H2 of the year for Horizon as well. Balanced growth with durable peer-leading returns on assets, return on tangible common equity, and top-quartile capital generation. With that, I'll turn the call back over to Thomas. Thank you, John, I appreciate the financial insights and the updated outlook for 2026. Horizon's strategy remains consistent as we move into the H2 of 2026 with a relentless focus on creating long-term shareholder value. We believe our current performance levels reflecting durability in key financial metrics, coupled with consistent profitable growth, a disciplined operating model, and peer-leading capital generation, will produce a level of success that will warrant your continued investment in Horizon. We are confident in what we believe will be a very positive outlook for our shareholders in 2026, and we look forward to sharing our Q3 results in October. At this time, I'd like to turn the presentation back over to our moderator to open up the line for questions for the management team. We will now begin the question and answer session. To ask a question, you may press star, then one on your touchtone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star and then two. Our first question comes from Damon DelMonte with KBW. Please go ahead. Good morning, guys. Hope everybody's doing well today. Morning, Damon. Morning. Just wanted to start off with the margin. Appreciate the color, John, that you gave on the outlook there. Just want to make sure I understand the dynamics here. Basically, I think from a growth perspective, you're still seeing a positive benefit on the asset yield side. It sounds like that the funding cost might get to kind of creep up a little bit, which could ultimately weigh on the margin from the Q2 level of 437 if you're guiding towards 430-435. Is that the right way to think about it? Damon, good morning. Thanks for the question. Yeah, not really. Let me see if I can clarify. Okay. Yeah. As you alluded to, the trends on the asset side continue to be favorable as I talked about in my prepared remarks, both in loans and in the bond portfolio, quite frankly. In terms of cash flow reinvestment, money coming on versus what's coming off. Marginal growth has the same dynamic with new production closer to 675 in the quarter, which as I said, has continued in here into July. We will see some modest increase in interest-bearing deposit costs, but I think the net of those two is probably neutral, maybe slightly favorable. As it relates to the margin percentage itself, it's purely a mix issue with cash, Damon. Cash averaged $102 million in the Q2. Period end, it's well above that, and so far here in July, it's about $165 million. It's simply carrying more cash, which is going to be marginally accretive to net interest income in dollars, but marginally dilutive to the percentage. It's nothing more than that. Got it. Okay. Thank you. I was totally off base there. Thanks for clarifying that. I guess just secondly on kind of loan growth, nice to hear the continued optimism there. I guess, Thomas or Lynn, any kind of updated view on what areas of the portfolio as well as the geographic footprint are kind of supporting this outlook? Yeah. Good morning. As I've shared in the past, we're not looking at anything holistically different than what we've been doing. We're focused on community banking. Our portfolio mix has been pretty consistent. You do see that we've been trying to expand into C&I a bit more. Just overall managing the mix of the portfolio and watching our real estate mix. I think we've been very successful in that. The team's doing a great job. I think you're just going to see a continuation of our day-to-day type strategies. Got it. Okay, great. I guess that's all that I had. I'll step back now. Thank you. The next question comes from Nathan Race with Piper Sandler. Please go ahead. Hi, everyone. Good morning. Thanks for taking the questions. John, I was wondering if you could just elaborate a bit more on the strategy in terms of keeping higher cash balances. Is that just given some of the strength in the pipeline, you just want to keep some excess cash around to fund that growth? Or is it just not necessarily wanting to kind of add duration in the bond portfolio with the kind of short duration securities portfolio that you guys have now? Yeah. Hey, thanks for the question. I don't think it's actively managing cash to $100 versus $150 or something a little bit north of that. Cash would feel pretty normal at 2%-3% of earning assets. I think it's just the timing of the ebbs and flows of deposit balances. You saw cash $165 million in Q1. It was down in Q2. It's going to be kind of H2 of the year near where it was in Q1. I just think it's not some very intentional strategy to hold a higher balance. Okay. Then you mentioned new loan productions coming on, I think at a blended rate of 675. That's above a lot of peers that we see across the region. Just curious if you can comment on what you're seeing from a competitive pricing perspective and what's really allowing you to get kind of premium pricing on new loans. Is it mainly coming from the equipment team or any other color along those lines would be helpful. Thanks for that question. Pricing has been, I'll say, fluid dynamic over the last six months. The Q1, I'll say it was very competitively aggressive. We very intentionally tried to manage our spreads. I think by trying to negotiate that with our clients. Of course, also gathering deposits along the way. I think we saw the benefit of that in the Q2. It is very dependent on the competitor, the market and the product. There are certain credit quality deals that I'll say that we'll be more aggressive on and just trying to manage overall pricing for your "average credit." I don't know that it's one thing. It's just a matter of trying to make sure that we're aligned both market-wise and credit-wise. Okay, got it. Then maybe if I could just sneak one more in for Thomas or John. You guys mentioned how you're continuing to build capital pretty strongly, just given the profitability profile these days. Any targeted capital ratios that you guys are looking to manage to going forward? Just how are you guys thinking about alternative avenues to deploy excess capital these days between buybacks and I'm just curious within that context as well, what you're kind of hearing and seeing on the acquisition front? It's Thomas. Thanks for the question. I'll pair this with John on some of the responses. First, appreciate the acknowledgement of the capital generation of the profile of the bank right now. It's given us tons of optionality to create long-term shareholder value. We do not have a published capital level that we're shooting for that we've communicated out in the marketplace. As you look at us right now, CET1 just above 11%. I wouldn't consider us overcapitalized at that level. Again, we're going to be accreting capital very well going forward. When I look at our options, specifically speaking with M&A, as we've talked about before, we really feel as though we have a very strong organic growth strategy that is producing some top-tier results, both in our profitability metrics and also capital generation. We're very optimistic about our ability to continue this organic strategy going forward at a very attractive pace, not only on the balance sheet, but also the fee income verticals, while maintaining our disciplined operating model. M&A for us is really an accelerant to the strategy. As opportunities come up in our ability to review these, we'll continue to be agile about making sure that we create a long-term shareholder value proposition. Capital's not going to burn a hole in our pocket. We'll be very disciplined about deploying that, especially as it comes to M&A and making sure that we keep a long-term view about how to create shareholder value and not just a short term quarter to quarter. John, I'll pass it over to you with some thoughts on buybacks. Sure. Thanks. As we said in the prepared remarks, capital again, the build was happening pretty quickly this quarter. The expectation would be that that would continue. We can't use all that capital organically. We know that. At least not responsibly. As it relates to the buyback specifically, we've got 1.5 million shares left on the prior authorization. We just will continue to evaluate that the same way we would any of the other capital deployment alternatives. I think it's fair to say we feel comfortable about the capital position looking forward. We're going to have to do something with it at some point. We certainly do feel like there's some intrinsic value upside to the business with the stability and the profitability mix that we see today as we look over the forecast horizon. There's probably some intrinsic value upside to the shares as we feel. We'll take a look at all of them, including buybacks. Okay, great. I appreciate all the color. Thanks, everyone. Thank you. If you have a question, please press star and then one. Our next question comes from Brendan Nosal with Hovde Group. Please go ahead. Hey, good morning, everybody. Hope you're doing well. Maybe just starting off here on kind of the footprint and kind of some changes in the backdrop. Had a deal announced in your neck of the woods in Northwest Indiana earlier this week. I know that it's early days, but just wondering, based on kind of your knowledge of that franchise, whether you think there's any opportunities to capitalize on this location, whether it's on the talent side or commercial clientele. Thanks for the question. I appreciate it. I think as we look across our franchise, not only in Northwest Indiana, but also across Michigan, kind of Northeast Indiana, anytime that there's going to be a transaction in the marketplace with Horizon's value proposition, our long roots in the marketplace, we believe there's going to be an upside for us. With any type of change, there's an opportunity for people to reevaluate, whether that's relationships or what their go-forward plans are for employment. Horizon's had a great brand in the marketplace around being successful in helping creating careers and also helping clients. I would anticipate as we see disruption in the marketplace, we would benefit from that. Okay. Thanks, Thomas. One more from me. You spoke of the competitive environment at various points in the call. I'm just kind of curious, when you look at the landscape, what do you think is more competitive right now? Is it lending or is it deposit gathering? I think it depends which part of my franchise you're talking to. I think if you look out in the marketplace right now, large commercial real estate, I think is extremely competitive. Not only in pricing, but also in structure. Of course, on the new deposit front, we are seeing some relatively elevated rates on CDs, especially as you get into some of the credit union markets. Again, our business model is not a price to market strategy. Our business model truly is about relationship banking in our community model. For us, I think as Lynn highlighted before, our ability to make sure that we have the right people, the right engagements in the marketplace, we should do pretty well on pricing. Our strategy, again, is not to lead the market with rate. Our strategy is to lead the market with people and talent and relationships. All right. Thanks, Thomas. Appreciate you taking my questions. The next question comes from Brandon Rud with Stephens. Please go ahead. Morning. I think you kind of alluded to it in the last question there, but the elevated payoffs in the commercial real estate portfolio, is that being more driven by building sales or hyper-competitive rates from other competitors? As I shared in my prepared remarks, it's mostly attributable to our customers fulfilling their business purpose. We've had some larger commercial real estate loans on the books. Those developers have reached a point where the building project has reached their turning point that they want to sell it and reap the benefit of the investments that they made. I would say, when I looked at our payoff activity, it is really more around that. Or it may have been a working capital or a short-term need for financing that has now been fulfilled. I'll be candid, there are a couple deals that we did let go over pricing structure. Those customers were able to get something more aggressive in the market, and we elected not to compete on that. Again, we're focused on the mix of our portfolio and our overall profitability. It's a hard decision sometimes, but we're looking at the bigger picture. Got it. Okay. Thank you for that. Just maybe one question on the non-performing loans. They were down in the quarter, but the mix changed a bit. Commercial ticked a bit higher. I guess, can you maybe talk about that portion of the non-performing loans? Was that on the C&I side, CRE? Just any thoughts there. Yeah. First of all, on the mortgage and consumer reduction, we had some clients that were in non-performing status that we're able to upgrade. We're very pleased with that. On the commercial, I don't think that there's anything there that's concerning to me. Our commercial real estate performing really well. We do have a couple larger credits, and when I say larger, like $2.5 million, that moved into that bucket last year. One of them is rehabilitating, and we are hopeful that that'll be upgraded. We have two that we're pursuing collection efforts, and it's just taking a little bit longer than expected. No concerns. It's just working through the process. Relative to the changes, as I've shared in the past, I do see it as more of a migration when I look at our criticized loans. Those have been flat or declining. The only other thing I'll share is, keep in mind that we added our equipment finance division roughly 2.5 y ears ago. That portfolio is starting to season. We'll start to see some activity there as well. Got it. Okay. Thank you very much for that. Maybe just one more modeling question, John. Thanks for the comments on the loans that are maturing and the new loan yields. What does the opportunity look like on the securities portfolio? What's the pickup in yield there now for those that are maturing? Hey, thanks. Thanks for the question. Reinvestment in the Q2 was in the high 4s. Reinvestment in the Q3, just maybe we pivot a little bit and pull in the duration a little bit just given how the market has changed and spreads are pretty tight. I would anticipate they're pretty neutral. I would not expect a whole lot of change in terms of the earned yield on the balance sheet for securities. Okay. Perfect. Thanks for taking my questions. Thank you. The next question comes from Brian Martin with Brean Capital. Please go ahead. Hey, good morning. Maybe just one. I think you guys mentioned just on the mix on the loan side, just kind of the real estate, where your concentration levels are. Can you just remind us where you're expecting to keep that? What areas on the real estate side concentration, what ratios or concentrations are you targeting or maintaining? Hey, good morning. It's John. Real quick, the concentration levels are about 235%. We've got lots of room. On the construction concentrations are even much lower than that. I think our expectation as capital at the bank continues to build, that those continue to moderate lower. We've got plenty of room there currently. Okay. Both of them would go lower from where they are today, is kind of your plan. Got you. Okay. How about just on, I think, Lynn, you said that the comments on the payoffs this quarter. I guess, do you anticipate the payoffs being elevated kind of in the back half of the year? How are you thinking about that in terms of based on what your guidance is in terms of loans and just what your expectations are? I would say that based on my knowledge of some pending payoffs, I would anticipate that Q3 may be similar to Q2. Again, it's more episodic than payoffs from just throughout the portfolio. I wouldn't say there's going to be a wholesale change, at least for Q3. Q4, I would expect it would return to more of our normal pace. Got you. Okay, John, I think you commented on the deposit pricing. What do you anticipate the deposit pricing was? Did you say 230? I forget. I couldn't hear what you said on what it was this quarter, but that level is kind of continuing into the Q3 here? I know you talked about the loan side, but just on the deposit side. Yeah. That was the weighted average, including non-interest-bearing balances for new production over the last few quarters. Of course, the ebb and flow of balances on the balance sheet will drive the deposit costs more than anything else. I think. Maybe to pinpoint your question a little bit. Interest bearing deposit costs were 1.94% in Q2. They were 1.95% in June and are 1.95% in July. We just haven't really seen them move a whole lot. Yeah. Okay. That's what I was getting at. It's not much incremental, if anything, going higher on that front. Okay, that's all. The last one from me was just, you talked about M&A being an accelerant. If it is something you guys consider, can you just remind us what's important to you guys today? If you did, I'm assuming nothing's changed, but just what is important if you go down that road to consider something on that front? Thanks for the question, Martin. We look at it very much industrially logical. We would look for things that are either fill-ins or natural extensions of our franchise, but it really, for us, we look at the core deposit franchise. There's lots of things you could do with the balance sheet, but we'll be looking for something that has attractive core deposits that we can continue to leverage cultural fits. Again, you won't see us go significantly outside of that strategy box. We'll just be patient and with our earnings profile, our history of being good acquirers as things come to market, we are getting a nice chance to engage in those dialogues and remain agile, but also very disciplined in our approach. Got you. Okay. That's all super helpful. Thanks for taking the questions and congrats on a nice quarter, guys. Thank you. The next question comes from Nathan Race with Piper Sandler. Please go ahead. Hi, Nathan. Nathan, your line is now live. All righty. This concludes our question and answer session. I would like to turn the conference back over to management for any closing remarks. Again, thank you for participating in today's earnings call. We appreciate your time and interest in Horizon. We look forward to sharing our Q3 results in October. Thank you very much and have a wonderful day. The conference is now concluded. Thank you for joining. You may now disconnect.