John McDonald
Okay. And I think you said the same thing for the actual provision dollars as well?
Aleem Gillani
That’s exactly right. As we look at it today, with what we know today, we would expect provision in 2015 to be right around where it was in 2014. Obviously, that changes quarter to quarter as we review our portfolio and economic conditions, but as we look at it today, I’d expect it to be right around the same kind of level.
Operator
Our next question comes from Terry McEvoy from Stern Agee. Your line is open.
Terry McEvoy, Stern Agee
Hi. Thanks. Good morning.
A Company Representative
Good morning.
Terry McEvoy
In the past you’ve talked about a CRE heat map of the country. Could you just maybe discuss areas of strength in the fourth quarter and where you see the best growth opportunities in 2015?
Bill Rogers
Sure.
When we think about sort of CRE, if I would think about sort of the portfolio maybe almost in some kind of sequence, office, multifamily, warehouse, industrial and retail probably in that order, sort of as a global basis.
Office for us primarily concentrated in top markets and top spaces. So it’s more of a credit enhancement and positive part. And in large markets it has tended to perform well and be part of the growth. On the multifamily side, it’s a little spottier, in fairness. There’s some markets that we do a lot of work. There’s some markets where the absorption balance is just right. Globally, it’s still okay. But there are pockets where we’ve gone from green to yellow in our map and we’re probably pulling back in a couple places in multifamily. Warehouse and industrial is sort of just waiting. I think that’s coming back more slowly. And we see selective pockets.
For us, part of what’s happening with the East Coast ports opportunities, we’re starting to see that kind of investment. So you see some of the challenges with the West Coast port, you’re seeing the investments that have been made on the East Coast. So there’s been a lot of development and discussion and dialogue, and I think we’re really well positioned long-term there. Retail’s just be a long time before it comes back. I think that’s in a slower place. That’s not where we have our primary emphasis.
Terry McEvoy
And then just as a follow-up, the increase in the provision within wholesale banking in the prepare remarks you talked about taking a look at the energy portfolio. Could you just maybe expand specifically on what you did in terms of the stress testing and the analysis around the potential risk there that contributed to that small uptick?
Aleem Gillani
Yes, Terry, we actually looked at our energy exposure from a bottoms-up perspective. We’ve been going through the names. Obviously, this started in about mid-December or so as the market move started to steepen. We looked at our largest energy exposures, assessed each one from a bottoms-up perspective. That process is on-going, and we also looked at our overall exposure from a qualitative perspective and decided that while it didn’t look like quantitatively we needed to make an adjustment, it would be prudent and appropriate for us to do so. So the increase in provision is in that context.
We haven’t seen any stress amongst any of our clients in that portfolio so far. It’s still early, but we haven’t seen any yet. But we’re just trying to do the prudent thing and get ahead of what looks to be like a big move globally.
Unidentified Company Representative
Brad, we have time for one more question, I believe.
