Good morning. My name is Jackie, and I will be your conference operator today. At this time, I would like to welcome everyone to Cullen/Frost Bankers Fourth Quarter and Annual Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions) Thank you. Mr. Parker, you may begin your conference.

Thank you. This morning’s conference call will be led by Dick Evans, Chairman and CEO and Phil Green, Group Executive Vice President and CFO. Before I turn the call over to Dick and Phil, I need to take a moment to address the Safe Harbor provisions. Some of the remarks made today will constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 as amended. We intend such statements to be covered by the Safe Harbor provisions for forward looking statements contained in the Private Securities Litigation Reform Act of 1995 as amended. Please see the last page of the text in this morning’s earnings release for additional information about the risk factors associated with these forward-looking statements. If needed, a copy of the release is available at our website or by calling the Investor Relations Department at 210-220-5632. At this time, I’ll turn the call over to Dick.

Thank you, Greg. Good morning and thanks for joining us. It’s my pleasure today to review Cullen/Frost 2012 fourth quarter and annual results. Our Chief Financial Officer, Phil Green will then provide additional comments. After that, we both will be happy to answer your questions. Despite continued economic challenges and regulatory headwinds, I’m pleased to report that for 2012, Cullen/Frost posted record annual earnings, recorded double-digit loan and deposit growth, continues across the board credit quality improvement, received respected third-party recognition as one of the strongest banks in Texas and in the entire nation and topped $23 billion in assets for the first time in our company history. The solid and consistent results are a credit to our dedicated employees and strong value proposition. During the fourth quarter of 2012, our net income was $60.2 million compared to $55.4 million reported in the fourth quarter of 2011. This was $0.97 a share versus $0.90 in the fourth quarter of 2011. Fourth quarter 2012 return on average assets and equity were 1.09% and 9.84% respectively. The company reported annual earnings for 2012 of $238 million, an increase of 9.4% over the 2011 earnings of $217.5 million. For the year, return on average assets and equity were 1.14% and 10.03% respectively, compared to 1.17% and 10.01% reported in 2011. Deposits continue to be strong. Fourth quarter deposits were up 14.2% over the fourth quarter of 2011 to $18.4 billion. For the year ended December 31, 2012, average total deposits were $17.3 billion, up 13.6%, or $2.1 billion over 2011 averages. To provide some color on this, according to SNL data from June 2011 to June 2012, our 14% deposit growth was the largest of the top five banks in Texas. We are number five in deposits in Texas. The four above us…

Thank you, Dick. I’m just going to make a few comments about our operations for the quarter and our earnings outlook for 2013 before turning it back over to Dick for questions. And first with regard to the margin for the quarter, as Dick mentioned we did see a decline of 6 basis points to 3.48%. However, the increase in our Fed liquidity from strong deposit growth more than accounted for this decline by reducing the margin 10 basis points. Partially offsetting this impact was the impact from higher loan volumes and slightly better investment yields. More important in the margin compression brought about by the additional liquidity is a growth in taxable equivalent net interest income for the quarter, which increased almost $5 million over the previous quarter, our annualized growth rate of over 11%. And this was brought about by increases in our volumes of loans and investments. Looking at average loan growth for the quarter of $233 million, 56% of the growth came from C&I, while the commercial real estate component accounted for about 40% with the remainder coming from consumer real estate loans. Average shared national credit balances were actually down slightly for the quarter. Regarding deposit growth, it continued to be extremely strong. For example, on a linked-quarter basis, average demand deposits grew an annualized 30% and average time deposits grew an annualized 17%. We saw very high levels of current customer account augmentation during the quarter. So our ratio of new account balances to current customer balance increases slips about one-third, two-thirds from 40%, 60% in the previous quarter. We think there maybe an anomaly because the specific factors like potential tax changes and to the TAG program that we’re in place at the end of the year. One thing I wanted to point…

Thank you, Phil. We’re now happy to take your questions.

(Operator Instructions) Your first question comes from the line of Dave Rochester with Deutsche Bank. Dave Rochester – Deutsche Bank Securities, Inc.: Hi. Can you just update us on the loan pricing this quarter? I think you mentioned you were prime plus 90 bips as more of an average last quarter?

I think that we had a little compression. Let me see if I can pull off more current number. Now, I would say it probably is around 9 basis points on average. Dave Rochester – Deutsche Bank Securities, Inc.: I guess that’s pretty stable than last quarter?

Yeah, I mean, it moves around month to month. But I think on average, it’s about nine basis points. Dave Rochester – Deutsche Bank Securities, Inc.: Okay. And on the securities purchases I know you talked about some munis, how much in aggregate did you buy with the communities, plus other things and then the overall reinvestment way on that?

Okay. Well, we’re not including the 600 million treasuries that we bought and sold in just a short period of time. During the fourth quarter, we bought $487 million in the municipals. They averaged the tax equivalent yield of $374 million. Dave Rochester – Deutsche Bank Securities, Inc.: Okay. And that was it for purchases outside of the treasuries you mentioned?

Yeah, that was it. Dave Rochester – Deutsche Bank Securities, Inc.: Okay. And lastly, just looking at the other income line, I noticed there were some growth there and if I backout I guess you had $1.8 million legal settlement gain in 3Q that was up pretty substantially this quarter in 4Q. I was just wondering what that $3 million increase was and this is the good run rate going forward?

You’re looking at the linked quarter, fourth quarter or the third quarter? Dave Rochester – Deutsche Bank Securities, Inc.: That’s right. Any other income line, so that the 9.2 roughly million.

Well, one of the big things that we had during the quarter was about $2 million additional revenue associated with really good derivative sales to our customers downstream is primarily interest rate swaps was claimed de novo, but it’s been a really great product for us, and we’ve had some really good success. So we had a particularly good quarter. I think if you can continue to pay other run rate, but our people in the sales area tell me as a little bit of... Dave Rochester – Deutsche Bank Securities, Inc.: Gotcha.

I think it was a little bit unusual. Dave Rochester – Deutsche Bank Securities, Inc.: Okay, all right. Great, thanks, guys. Nice growth this quarter.

Thank you.

Your next comes from the line of Brett Rabatin with Sterne, Agee. Brett Rabatin – Sterne, Agee & Leach, Inc.: I wanted to first, just going back to the securities portfolio, didn’t know Phil if you have handy the yield on the taxable portfolio for the quarter. And then just was hoping to get some more color around obviously the margin would have actually been a little higher excluding liquidity. I was just curious on kind of your thoughts on the margin in the near-term.

Okay. Well, first of all with regard to the securities portfolio yields, our average for the fourth quarter, we had taxable yields of 2%. And on the tax exempt side, we had 6.27% tax equivalent yields. So the overall portfolio on a tax equivalent basis yielded 3.32%, and that was up by about 4 basis points on the total basis from the previous quarter, third quarter. Brett Rabatin – Sterne, Agee & Leach, Inc.: Okay.

As far as the items that offset the growth and liquidity, it was as I said, it was brought about by loan volumes and then a little bit better securities pricing. Both of those were about, just around 2 basis points each. So not a huge impact, but I think, some positive there. I guess, I’ve always said that the underlying margin is going to be based upon two things. One is, what loan growth is going to do and then I guess to an extent how much liquidity that we employ into the securities arena. So, I think probably, because I think deposits are going to continue to be strong. The optical margin is going to continue to have some pressure on it. And that’s a high class problem to have in my opinion whenever you – it’s based on good relationship growth. The underlying margin not including debt, I think is going to be based up on loan growth and what we do in securities. And I think it could be stable to maybe slightly down. It just depends on what we see in the investment arena. I mean, we have said for a long time how we hate the market. But occasionally, if you see we do going on when the liquidity gets extremely high or when we see there might be some opportunity in the market. And so we could use some additional investing which could be a positive to the margin as being equal. But I like to do as little as we can. Brett Rabatin – Sterne, Agee & Leach, Inc.: Okay. And then the other thing I was curios about was just the loan growth from the quarter. If you guys are having any kind of estimate, how much it related to year end tax stuff and then how much was energy related?

Energy has been pretty steady. And there were – it’s hard to separate the tax or there was a little bit of issue. But we had some good solid growth. If you look at kind of what’s been driving all your loan, energy has been an important factor and public finance has, particularly for education facilities. If you look at the real estate side, multi-families has been strong. Home construction is starting to pick up. We’ve always been focused on owner occupied, which has started to grow. So there’s a good mix equipment. Our leasing operation was very strong last year throughout the year. And so, the economy is starting to get a little bit better. We’re seeing the advanced rate on our revolving lands move up. It’s at about 44.7%, which historically still extremely low, it cut down to 41% or 42%. But it’s starting to move up and of course that’s where there is a lot of leverage if people will just they start using their lines. Brett Rabatin – Sterne, Agee & Leach, Inc.: Okay, great. Thanks for the color.

Your next question comes from the line of John Pancari with Evercore Partners. John Pancari – Evercore Partners Inc.: Thanks. Dick, could you talk a little bit more about what you are seeing on the real estate firm, we’ve been hearing about a couple of things talking about this stabilization there? And are you really seeing the developers come back in a big way yet?

Yeah. We definitely are in Texas, lots are in the, kind of ridiculous low level, there are good lots. And so you are seeing developers start to develop that. The balance Houston and Austin are particularly strong in those markets. And so it’s starting to turn. I don’t want to overemphasize the term, because there is still a lot of pricing is coming out of Washington, and as I tried to demonstrate in a couple of examples, so you’ve got – we left a lot of volatility in 2012. I think we will continue to have some volatility. People get happy at one moment on some statistics that comes out and perhaps blows it up and then next day that blows up mess up. And so I think that’s kind of the environment we’re living in. But overall, just I’ve been doing this for almost 45 years. And if you look at housing inventories and lots and they swing, big swings when the market is hot, you just hardly don’t have anything. And then when things slowdown, you got 100 years of plots and houses, and really the answer is somewhere in between, but it’s getting better. There’s no question about it, slowly, but surely. John Pancari – Evercore Partners Inc.: All right, thanks. And then did you – on Brett’s questions, did you indicate how much the loan growth in the quarter was from, was tax related on the borrowers’ behalf?

I think it’s specific. But there was a little bit of that. But it’s also, it’s kind of indirect. We saw some – just to give you an example, on public finance, where there was a piece of land adjacent to a non-profit school and the driver was the family never had any desire to sell the land. They needed it for future expansion. So you can say that that was tax driven, because they wanted to do it before the year close. But at the same time, the school is going to build on and expand. So it’s not two and two is four. John Pancari – Evercore Partners Inc.: Okay. And then, lastly, Phil, on the margin outlook, I guess, I think you had indicated you expect relatively stable with maybe some downside. I mean, what does that assume in terms of new loan pricing and competition, and as your loans mature and renew at lower rates? Does that continue to assume a downside reinvestment risk as you’re factoring that in?

I think it seems a little bit tighter loan spreads not a lot, but a little bit. It doesn’t assume much reinvestment on the investment side. So we’re going to get some compression there, but what’s got to make it up is the loan volumes. And that’s always been the offset. So I think what you’re seeing right now is sort of a dynamic equilibrium of both those things. We’ve got good loan volumes and it’s tending to offset compression on investment yields and slight compression, although not a lot on the lending side. John Pancari – Evercore Partners Inc.: Okay, thanks a lot.

Your next question comes from the line of Brady Gailey with KBW. Brady Gailey – Keefe, Bruyette & Woods, Inc.: Guys, can you hear me?

Yeah, we can hear you now. Brady Gailey – Keefe, Bruyette & Woods, Inc.: My question was on the reserve. If you look at 2012, you’ve took the reserve as a percentage of loans from 1.38% down to 1.13%. I mean looking forward to 2013, do you think you could see that ratio drop to as low as 1.0% or potentially lower than that?

I think the way I would look at it is what you’ve got. Thank goodness, we have great credit quality right now and just almost historical lows. But the good news is we’ve got loan growth. And so you’re going to see less releasing of reserves. You’re going to see because of the loan growth of building the reserve out. So those are the dynamics that are going to kind of take place and so just kind of go through the year as we’ve always said, it’s more sensitive to classifieds. But now I think we’ll just see with this kind of loan growth that we’re optimistic about it continues that you will see just a normal thing that you ought to have of just building the reserve from that standpoint. Brady Gailey – Keefe, Bruyette & Woods, Inc.: Okay. And then for Phil, I was just wondering about the level of cash you had on the balance sheet in 4Q maybe on average and end of period basis and if you have any plans to deploy that cash into the bond book in the near-term?

I think we’ve got some. Well, first of all let me start with the cash level. It averaged $2.2 billion for the fourth quarter. It’s running around $2.2 billion today in a round numbers. We’ve got a few more municipals under a program. We approved at the end of the last quarter, but not much. It’s less than $100 million of munis to buy. Other than that we really don’t have any program on the horizon right now. Brady Gailey – Keefe, Bruyette & Woods, Inc.: Okay.

Just to elaborate a little bit on what Dick said, I mean, I think you’re right. I mean, we did see a reduction in the reserve as a percentage this last year. And I think that the outlook has proved to continue to decline. Brady Gailey – Keefe, Bruyette & Woods, Inc.: Okay. And then lastly Phil, I know you mentioned that your shared national credit balances were down on an average basis, when you look in the entire loan book, the end-of-period loan growth was a lot higher than the average. So I was wondering if SNC balances were also down on end-of-period basis quarter-on-quarter or if kind of had an inflow of mix late in the quarter?

The actual outstanding balance some 12/31 was $628 million down from 9/30 of $712 and…

So it’s down about $84 million.

The outstanding continue to grow, still energy over 60%.

Brady Gailey – Keefe, Bruyette & Woods, Inc.: Okay. Okay and then last question for Dick on the acquisition front. Is there any increased activity or talk for you guys on the acquisition front in the state of Texas?

No, as I always say, the top continues. We’re aggressive lookers and conservative buyers. There is a lot more risk to buying something today, just because you don’t have an investment portfolio, if you don’t get the loan growth out of an acquisition and then all the other things, the compliance issues on those side. So we continue to look and we will stay in that posture. But we’re going to make sure it makes some sense. It’s really nice when you’re growing this strong organically. Just to put it in perspective, the biggest bank we ever bought was about a $1 billion. And today, we’re growing at a rate of about $2 billion a year. So this organic is getting better. Brady Gailey – Keefe, Bruyette & Woods, Inc.: Okay. Thanks for the color guys.

(Operator Instructions) Your next question comes from the line of Steven Alexopoulos with JPMorgan. Breezy Dixon - JPMorgan Chase & Co.: Hi, everyone. This is actually Breezy Dixon in for Steve. Most of my questions have been asked. One last thing, sorry if I missed this, but I know you guys usually comment on your expectations relative to consensus. Do you have any opinion on how 2013 is shaping up?

Yeah, what I said was, we think that the consensus is reasonable. Breezy Dixon - JPMorgan Chase & Co.: Okay, great. And then one last thing, I know you gave a lot of color on the Security portfolio. Can we have the end of period and average balances for the securities?

Total securities had an average balance for the quarter of $9 billion – $28 million. I guess, let me see here on a period-end basis, it would be, I think the total of about $9.1 billion. Breezy Dixon - JPMorgan Chase & Co.: $9.1 billion. Okay, thank you so much.

Your next question comes from the line of Matt Olney with Stephens. Matt Olney – Stephens Inc.: A question for Phil. Phil, it seems like you still have some benefits from a swap gain that’s still amortizing but was settled a few years ago. Is that right? Can you give us any color on how much the impact was in the fourth quarter? And when should we expect that to roll off?

Okay. Well, as we’ve been saying for a while, think of that like an investment yield is going to mature that we can’t replace, right. So and that – when we settle that thing, gosh, it’s been over a year ago now, I can’t remember exactly. It amortizes through almost the end of 2014 and it’s about $9 million into the margin in round numbers a quarter. And so that will have a maturity sometimes right at the end of 2014. Matt Olney – Stephens Inc.: And Phil, is there anything that could offset that impact?

In what way are you telling about? Matt Olney – Stephens Inc.: Well, I guess it sounds like it just rolls off and it’s gone. I didn’t know if there was any offsetting thing that we should be thinking about when we’re forecasting the NII?

I think that there is one that happens, a swap that goes the other way. It’s much smaller. It’s on our trust preferred security that it comes off, I think right around the 1 of 2014, but it’s a lot smaller in terms of its impact. I can’t remember the exact number, but it’s a little bit of an impact there. I would say your benefit on the margin would be whether about that time if you do have any rate increases and we do have some benefits from sensitivity, which could offset it. But I think that would be on the margin in the most logical factor. Again, it’s just like losing a really beneficial block of municipal securities to maturity. You just have to see what the market is at that time. Matt Olney – Stephens Inc.: Okay. That’s helpful. And then secondly, Phil, the tax rate has been a little bit heavy this quarter. What should we be expecting for 2013 tax rate?

Let me look and see if I’ve got a number here. I think it would be – can you remind me what it was for this quarter? Matt Olney – Stephens Inc.: It’s showing around 24%.

Okay. I think I would be a little bit less. I think there were some non-deductible premium interest there because we had some higher muni purchases. I think it probably be a little bit lower than the 24%, but to say something around 20% Matt Olney – Stephens Inc.: Okay. Thank you, guys.

Your next question comes from the line of John Moran with Macquarie Capital. John Moran – Macquarie Capital: My questions; just wanted to revisit the securities booking and sorry if I missed this in the prepared remarks. But it sounded like $500 million or so immunities was deployed or deployed into immunities this quarter. Was that kind of even throughout the quarter or was that a little bit lumpy?

Well, I think we had an average increase in immunities of about $400 million over the previous quarter. So it was throughout the quarter. But that was the average increase.

Okay. And then Phil, do you happened to have kind of what comes off the securities book on a quarterly basis in 2013 and then I guess related if you had –I’m sorry if I missed this too, but if you have duration or weighted average life?

Okay. Well, overall, our portfolio cash flow runs about let’s say, for – 2013, if you take prepayments and regular maturities would be, I’d say around $1.2 billion for the year and that comes off a different speed. We’ve got a maturity of about $500 million of U.S. treasuries in July. So that’s a little bit of an unusual amount for us to call it $700 million, $800 million on an annual basis which should be more or less ratable. It moves around, particularly the prepayments fees and a few maturities here or there. But that’s kind of what you’re looking at with regard to cash flow. And then as far as duration of the portfolio, look at it in two ways. One is duration of the portfolio with municipals all going to maturity would be $595 million. But 100% of all those municipals are being called today or pre-refunded. So if you look at the Bloomberg option adjusted maturities, you would look at a duration of our portfolio of about 3.38 years. So that’s what you’re looking at. I mean, I think for operating purposes today, unless we get a tremendous increase in interest rates, you’re looking at portfolio duration of around 3.4 years. John Moran – Macquarie Capital: Gotcha. That is very helpful. Thanks for the detail.

Welcome.

Your next question comes from the line of Brett Rabatin with Sterne, Agee. Brett Rabatin – Sterne, Agee & Leach, Inc.: Hi, I just had a follow-up. I was curious. I saw recently in a news article that you guys want to double your size in Dallas in the next five years, and I know you kind of addressed acquisitions. But I’m curious if acquisitions don’t occur, how you do that? Are you going to open up a lot of branches in that market, kind of what’s your thoughts are on the Dallas market?

We’ve seen good growth in the Dallas market. We have been expanding our branches and really good segments. Obviously, it’s a big city and that has been a great opportunity for us. But we think the – we don’t think the organic growth that we’ve had has been working well. And you’ve got to remember it, we’ve got a small base in Dallas and it’s going to grow faster. Brett Rabatin – Sterne, Agee & Leach, Inc.: Okay. Fair enough. Thank you.

(Operator Instructions) Your next question comes from the line of Jon Arfstrom with RBC Capital Markets.

Jon, you there? Jon Arfstrom – RBC Capital Markets: Hello.

Yeah, yeah, we can hear you now. Jon Arfstrom – RBC Capital Markets: Okay, good, thanks. So Dick, just maybe a bigger picture loan lending question for you. I think we all like to listen to your prepared comments in terms of what’s holding people back. But the last few quarters, we’re seeing some pretty strong loan growth out of your company. And I guess my question is do you feel like your borrowers are still being held back somewhat and what’s possible? I mean can growth accelerate from here as guys have your clients use up some of their commitments that you’ve made to them?

Let’s go back to a couple of basis.

Okay.

First of all, 80% of your loan growth comes from current customers. So you got two dynamics. I mentioned the advance rate on lands has moved up from, say 42% to 45%. And that doesn’t sound much in percentages, but it’s a big deal when you look at how many dollars we have outstanding. We’ve got revolving lands in total for the bank of a little over $10 billion. And that’s where you’ve got an advance rate of almost 45%. So that’s going to be, if you get a little more confidence in the economy which we’re getting and certainly we’re fortunate to be in Texas. That’s where you’re going to see the biggest growth. The other thing is this strong calling effort that we have done for, ever since the world blew out of the great recession and didn’t have the torque money, we have been building this base and those things start to build. You don’t just go make the first call and get the loan. You’ll love it if you can. So I think we’re starting to get some leverage from that. We have a very disciplined plan in our calling effort, we watch it constantly. We know that the work we do today is going to payoff about a 120 days from now. So we’re staying ahead, watching the levels of commitments and talk about just appointments on prospects, I talked about opportunities. We’ve done a lot of work and making sure we’d leverage between markets. We may be real good at lending to automobile dealers in one market and not in another. So we’re cross training and helping one another in that regard. So there is a very disciplined execution plan that is really where we’re getting it. But and there is not doubt, I’ve…

Your next question comes from the line of Brady Gailey with KBW. Brady Gailey – Keefe, Bruyette & Woods, Inc.: Hey, thanks. I had a follow-up about the comments, talking about the benefits to earnings from a swap gain. I just wanted to clarify, so its benefiting spread by $9 million a quarter currently, is that right?

That’s the amortization on that. That’s been that way through cash, since we monetized that. Brady Gailey – Keefe, Bruyette & Woods, Inc.: Okay. And it rolls off at the end of 2014, so once this goes away, I mean right now on an annualized basis, this is adding about $0.45 to earnings annually, right? And once that goes away, those $0.45 will be gone?

I don’t think it’s $0.45. But whatever the $9 million would be…

$9 million per quarter; what, is that 36…?

Yeah. Brady Gailey – Keefe, Bruyette & Woods, Inc.: Yeah.

So that will be a little bit less than that. Yeah, I mean it’s… Brady Gailey – Keefe, Bruyette & Woods, Inc.: And will that $9 million – is that $9 million a quarter, until it goes to zero or is there more of a natural decline where it goes from $9 million to $8 million to $6 million and kind of naturally goes down?

No, it’s amortizing right now in a straight line basis. Brady Gailey – Keefe, Bruyette & Woods, Inc.: Okay.

It’s not something that’s going to sort of taper off. I mean as I said, one other swap, will offset it somewhat… Brady Gailey – Keefe, Bruyette & Woods, Inc.: Okay. All right, great. Thanks for the clarity

Your final questions come from the line of Emlen Harmon with Jefferies. Emlen Harmon – Jefferies & Company: John kind of addressed my question a couple minutes ago. I guess maybe getting into the intricacies of just the loan growth a little bit. You guys had talked through the cycle about kind of customer acquisition and waiting for that to pay off in terms of loan growth. Could you give us a sense just of what the actual pace of customer acquisition has been in the last couple of quarters? And is that kind of building at a compounding rate where you think it can actually even generate an acceleration in loan growth as we get through 2013 here?

It’s a pretty good acceleration that we had last year that we’re optimistic about continuing. That’s a pretty good runway, particularly for an organization in 15% to 18% growth rate. And as I’ve said, we think we can continue to run that. You can’t run at that rate forever. But I think it’s already working. We’ve reported, I don’t know, a year ago or sometimes last year, what we were getting out new relationships that we have. And that’s not a giant number. But it’s certainly significant and continues to grow. And it’s a little bit choppy. It will be strong one quarter where you get a pretty good loan from a brand new customer. And then – but all in all, as I said, the thing that’s most important is our growth is broad based in all segments and really in all sizes of loans. Emlen Harmon – Jefferies & Company: Got you. And then just a quick one on provision, could you give us a sense of what portion of the provision was attributable to the new loan growth versus just kind of charge-offs or resolutions in the quarter?

As we said before, frankly the reserve is most responsive at the level of classifying, and so since the historical loss is on new loans, it’s not very high. And there’s a modest amount of provision that relates to loan growth. But it’s not as much as the changes in classifications, by a long shot. Emlen Harmon – Jefferies & Company: Okay, got it. Thank you.

At this time, you have no further questions. And now I’d like to turn the floor back over to Mr. Evans for any closing remarks.

This concludes our fourth quarter 2012 conference call. We appreciate your support and interest in Cullen/Frost. We stand adjourned.

This concludes our fourth quarter 2012 conference call. We appreciate your support and interest in Cullen/Frost. We stand adjourned.

Thank you. This concludes today’s conference call. You may now disconnect.