But every chance we have to strengthen our staffing levels and our pathway to profit is we’re going to take every pathway we can. And honestly, through the quarter, probably going into the second quarter really, we just look and it’s like — it’s going to be tougher to push a 1% ROA if we have a little shrinkage in net interest income, if we don’t fix — if we don’t build confidence into credit quality with nonperformers, host of that. That’s, I think, what we do.
Matthew Switzer: No, I completely — I mean, we, as Dennis said, are always looking for efficiencies, but probably more critical in this environment, particularly as we’re trying to not grow the balance sheet as aggressively as we have. I mean you can carry higher expenses if you’re growing the balance sheet, growing spread income. But in this environment, that’s more challenging, and we want to make sure we got the right expense base for the size balance sheet we’re going to have in the near term.
Casey Whitman: Yeah. Ultimately, do you think 24 is the right branch network size? Could we see more branch reductions in the future or?
Matthew Switzer: I mean never say never. It’s going to depend on a certain extent, the environment and consumer behavior. But I think we feel pretty good with the number of branches we have for right now. Could see incremental over time, but I don’t think you’ll see another large consolidation like we just did.
Dennis Zember: I mean I would say, too, we don’t talk about this that much, but — I mean, we’re adding probably $25 million a quarter to our delivery service — by our delivery service. And a lot of — some of that is out of our core network, but a lot of it is not. We’re adding millions in places that we are kind of close to but not right on top of. So I mean, we would, for sure, add more branches in larger markets around where we are in, say, Norfolk and Virginia Beach and all that. But for right now, we are — that’s not on our radar.
Casey Whitman: Okay. Maybe can you help us out then in terms of where or give us a kind of quarterly range for where you expect expenses to run when all said and done with the cost saves? It can be a wide range, but just to help us out with modeling.
Dennis Zember: Yes. I think, I mean, obviously, this won’t all be in the run rate until later this year, but probably in the $18 million to $18.5 million, excluding mortgage, which obviously mortgage kind of fluctuates pretty dramatically based on seasonality. But the core run rate would be in that lower $18 million range.
Casey Whitman: Okay. Thank you for taking my questions. I’ll let someone else jump on.
Operator: Next, we’ll go to Russell Gunther with Stephens. Your line is now open.
Russell Gunther: Hey. Good morning, guys.
Dennis Zember: Good morning.
Russell Gunther: I wanted to follow up on the gain-on-sale model discussion and just get your thoughts about how you see that maturing as we look into ’24 and the 1% ROA bogey? I hear you on the near-term gain on sale expectations, but how do you think that scales as we move forward?
