A stimulus package including checks is coming sooner than expected.

We have been expecting a stimulus package from Congress before year-end. We have not included the possibility of stimulus checks in this first effort at fiscal relief. The bill to be voted on today does include stimulus checks at half the amount of the CARES act earlier this year. That means personal income will spike in January and February as the checks are issued. The bill also provides for another PPP program and unemployment benefits. The passage of this fiscal stimulus will result in better growth in bank deposits earlier in the year than we had been anticipated. The second PPP loan/grant program does create the opportunity to increase loans faster than otherwise would have been the case.