Matthew Breese: Okay. But should we expect kind of this quarter’s $6.4 million in one-time costs to recur for at least the near term or is that an elevated figure in your view?
Curtis Myers: Yeah. We really have those planned out. Again, it’s an 18 month to 24 month project overall, the one-time cost would be concentrated more at the front end of that. So thinking over the next couple of quarters, we would have more of the one-time costs and then we would be getting the benefits then over the full 24 months. So that — I think you’re thinking about it the right way, Matt.
Matthew Breese: Okay. I want to go back to the office portfolio. You have eight office relationships over $20 million. You discussed kind of the three in the central business districts. But I was hoping within the eight you could talk about maybe the three or four largest relationships? What are the sizes there? How are they performing maturity schedules and any sort of details on kind of LTV, debt-service coverage ratios for just overall color on the biggest stuff?
Curtis Myers: Yeah. So the top five borrowers there are in the $25 million to $30 million range in balance. Our largest deal is about $30 million in balances. We don’t have any maturities that are coming up that we either aren’t comfortable with or don’t have a resolution for. So we feel good about the position of those largest borrowers at this point. And we are paying close attention to every office loan we have from the $400,000 one we originated in the first quarter to our largest one of $30 million.
Matthew Breese: Are they…
Curtis Myers: Yes.
Matthew Breese: Okay. And then, you had a $3.1 million loss on asset disposals this quarter. What was in there?
Betsy Chivinski: Those were five branches that we have committed to close, I believe they’re closing the end of this month.
Curtis Myers: Yeah. Next week, they would close.
Matthew Breese: Okay. And then, the last one is just on commercial swap activity. My gut here is with slower growth that will remain kind of at a depressed level. But I wanted your thoughts on whether we can get back to kind of a north of $3 million run rate there.
Curtis Myers: Yeah. It really comes down to mix of origination versus overall growth. So obviously, when you have higher overall growth, your mix is better too. You have volume in every category. So it really — what drives those numbers is the larger originations, so large C&I and large CRE originations are what really drive the number. We have a good core kind of recurring business. So that’s why you see there’s kind of a floor on that fee income each quarter. But to get to the $3 million and $4 million quarters that we’ve seen historically, you really have to have a few larger originations that are derivative or a swap done on those.
Matthew Breese: Got it. Okay. That’s all I had. I appreciate taking my questions. Thank you.
Curtis Myers: Thanks, Matt.
Operator: That concludes the question-and-answer session. At this time, I would like to turn the call back to Curt Myers for closing remarks.
Curtis Myers: Well, thank you again for joining us today. We hope you’ll be able to be with us when we discuss second quarter results in July. Thanks, everyone.
Operator: Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.
