As we transition into a new year, it’s important for bankers to take note of some positive differences from twelve months ago. For example, we have new leadership at the Federal Reserve, including a chairman and vice chairman who are more supportive of regulatory relief for smaller banks. The US economy also comes into the new year with greater momentum and potential for faster growth on the heels of recently passed tax reform. As for the banking system, loan demand is healthy, cost-of-funds remains low, asset quality is solid, and we have stronger capital positions generally than we’ve had in years. The bottom line is that banks are producing the best returns for the industry since the last recession began ten years ago.