Operator
We’ll take our next question from Eric Wasserstrom with Guggenheim. Please go ahead.
Eric Wasserstrom, Guggenheim Securities
Thanks. Good morning.
Bruce Thompson, Chief Financial Officer
Good morning.
Eric Wasserstrom, Guggenheim Securities
I just wanted to follow-up on a couple of topics that have been touched on already. Maybe just starting with the risk weighted asset discussion once more. I just want to make sure I understand all the puts and takes of what’s going into the risk weighted asset calc. It sounds like on the positive side, obviously, there is the benefit of a GAAP balance sheet reduction as well as the trade-off between lower-quality and higher-quality assets. And it sounds like the operating risk component is now fully baked in. But are there any other components that could drive that up in a way that’s different from what’s going on on the GAAP balance sheet?
Bruce Thompson, Chief Financial Officer
I think the only thing that’s out there is that is as part of exiting parallel run that we’re working through with our supervisors that the different wholesale and other credit models that you need to exit parallel run so we’re working through that but I think absent that you’re largely at the point of looking at and you’d expect that the RWA is going to largely follow the GAAP balance sheet. But the one thing and I think you all know this but where you could possible diverge from that is that there is procyclicality to the extent that you have volatility in the markets businesses as it relates to the stress bar calculations that go into the risk weighted asset. But outside of that you would directionally expect it to follow the GAAP balance sheet.
Eric Wasserstrom, Guggenheim Securities
Okay. And with respect to the GAAP balance sheet, what is your overall expectation about the net growth over ’15?
Bruce Thompson, Chief Financial Officer
I think you are probably going to largely see it in the zip code and probably be most correlated to the overall deposit balances and if you look at the range that we’ve been running at over the last 12 months it’s been in the 2.1 to 2.15, 2.175 type area and I’d expect that area or that range to hold for 2015.
Eric Wasserstrom, Guggenheim Securities
Great. Then just to talk about the asset quality for a moment, obviously it was the lowest provision that we’ve seen from you in some time, and many of your peers are inflecting from the point of asset quality improvements to some modest now deterioration and the rebuilding of reserves. I just want to get a sense from you about where you think you are in that spectrum?
Bruce Thompson, Chief Financial Officer
Sure, I think if we go back and let’s start with the fact that we saw during the quarter that if we back out any impact of loan sales as well as the DOJ settlement charge-offs in the fourth quarter came down from $1.2 billion to just over $1 billion, I think as you look at charge-offs when you’re virtually zero from a commercial perspective, it’s hard to see getting much better than that. I do think where we’re probably a little bit different is that, as we continue to work through and we had another solid improvement of a $2 billion from an NPL perspective within the consumer real estate space that we continue to work through and reduce those tougher consumer real estate credits. But I think that if you look at this billion dollar charge-off type level that we’ve seen you’re probably in areas where you’re going to see that flatten out. And I think as we look forward there maybe a little bit reserve release on the front end first half of the year and you probably expect that to flatten out and go away as we get through 2015.
Eric Wasserstrom, Guggenheim Securities
Great. Then just finally on the LAS expense, which I know you’ve touched on several times, but I’m just wondering if the pace of that improvement changes at all as you are getting into the later stages of the delinquency and foreclosure inventory improvement?
