Terry McEvoy: Great. Thanks for taking my questions.
Operator: Our next question will come from Nick Cucharale with Hovde. You may now go ahead.
Nick Cucharale: Good afternoon, everyone. How are you today.
Dennis Shaffer: Hey, David.
Charles Parcher: Hi, there.
Nick Cucharale: Good. Just a question on expenses. Can you help us think about your expectations in the near term? And if you have any sizable initiatives on the horizon?
Richard Dutton: Hey Nick, this is Rich. I don’t really get any sizable initiatives on the horizon. I think, the run rate that we’re kind of projecting for the balance of the year is probably $28 million each of the next two quarters. So I don’t think there’s anything new in there. I’m trying to think what the big things in expense were this quarter. I don’t know if there’s any significant, Nick.
Dennis Shaffer: Yes, the FDIC assessment had gone up. And I think that was a pretty good jump. I think that was up maybe 400 or 200 — 200, 300. Software expense was up slightly. Those are just things that I think we’re adding. In the software expense, I think, we absorbed — there is different — we’ve done more data analytics when we evaluate CRA and fair lending and stuff that’s cost us a little bit more money. And so, but like Rich said, we don’t have really any huge initiatives that should impact the expenses as we move forward throughout the rest of the year.
Richard Dutton: And I don’t know if we talked about it on the last call, Nick, but we did, and it wasn’t as significant move, but we’ve made some reductions in loan operating staff, common reaction to the kind of fall-off in mortgage lending. Again, not a big number. But certainly, I guess, the point is that we’re continuing to look at everything that makes sense to look at going forward.
Dennis Shaffer: Yes. And absorb some of those increases that we see.
Nick Cucharale: That’s very helpful. And then at the halfway point of the year, pretty solid loan growth so far. Can you help us think about the size of your pipelines and how that may translate into a full year growth rate?
Charles Parcher: Nick, it’s Chuck. Pipelines still are pretty consistent. I would say that they may be down slightly from last year, but really feel good about where we’re sitting at midyear. Dennis mentioned in his comments that we’ve got $211 million of construction availability looking into the second year. $50 million — a little over $50 million of that is the increase in our single-family construction program. That may seem like we’re doing a lot more real estate construction, but the other $150 million is out there on the commercial side. We feel like we’ve got some good tailwinds coming into the second half, and I still would say we’re in that mid-single digit growth range, looking forward.
Nick Cucharale: Just a follow-up on the construction. Is most of that in Columbus?
Dennis Shaffer: I don’t have a breakdown of all the different metropolitan areas, but I can tell you, a nice-sized chunk of it is in construction. We’ve had tremendous — especially on the multifamily side, tremendous appetite there for multifamily. They can’t build enough units fast enough to house everybody that’s either moving into town or getting ready to work in or on the Intel, and other large projects in that city.
Nick Cucharale: Great. Thank you for the color and thank you taking my questions.
Dennis Shaffer: You, bet. Thanks Nick.
Operator: Our next question will come from Tim Switzer with KBW. You may now go ahead.
Tim Switzer: Hey, good afternoon. Thanks for taking my questions.
Dennis Shaffer: Good afternoon. Tim.
Tim Switzer: The first one I had, just real quick. Do you guys have the purchase accounting accretion impact of NII or the NIM?
Dennis Shaffer: I do, we do. It was 8 basis points, I think from memory. And my memory was correct, 8 basis points.
Tim Switzer: Great. Thank you.
