We are currently one of the largest Louisiana-based financial institutions. The acquisition was consummated on May 1, 2020. The acquisition expanded our presence in our South to Southwest Louisiana markets. Our executive team is young and energetic. xa0; Commercial and Industrial Loans. All relationships exceeding $2.5 million are approved by the Executive Loan Committee. We also seek to cross-sell deposit products at loan origination. Further changes effected by the passage of EGRRCPA are discussed below. xa0; 18 Table of Contents Incentive Compensation Guidance. The EGRRCPA exempted reciprocal deposits from the definition of brokered deposits. xa0; Our business depends on our ability to successfully measure and manage credit risk. A significant portion of these commitments expire without being drawn upon. We have benefited from strong relationships with and among our customers. To date, no reform proposal has been enacted. Our most important source of funds is deposits. The costs associated with investigation or remediation activities could be substantial. All of these factors cause our customers to be unable to make scheduled loan payments. However, the ultimate impact of the pandemic is unknown.