Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Terry Mcevoy with Oppenheimer.
Terry Mcevoy - Oppenheimer
Good morning. Mark, you mentioned earlier about trying to wind down the relationship with Franklin Credit. Could you just run through a timeframe when you think that can occur?
Mark F. Furlong
It probably happens over a three to five-year period, most of the credit.
Terry Mcevoy - Oppenheimer
Okay, and then in terms of the wealth management revenue of $70 million, does that also include the loans, deposits, and the full relationship with a private banking customer? Or is that number even higher? And then in the future, given that it’s right around 10% of revenue, do you think you are going to break that out for us for some further clarity?
Gregory A. Smith
The private banking revenue would be separate from that, so that would indeed say that the wealth management business is higher. We are currently lining up exactly what that segment reporting is going to be when our 10-K comes out but I would fully expect that wealth management will be broken out as a separate business line.
Terry Mcevoy - Oppenheimer
Thank you.
Operator
Your next question comes from Steven Alexopoulos with J.P. Morgan.
Steven Alexopoulos - J.P. Morgan
Good afternoon, everyone. A couple of questions; Greg, looking at the $0.58 to $0.60 run-rate range that you gave before, what’s the amount of provision expense you are assuming for that range?
Gregory A. Smith
As we look at what a normalized provision might be, we sort of have taken a couple of cracks at it but there’s still a lot of uncertainty out there in the real estate markets and what we are looking at is a loan loss provision that’s in that $50 million to $55 million per quarter range. So certainly higher than what we had in any of the prior quarters in 2007.
Now, that will depend on the trends in the real estate market as well as how the disposition strategies move forward.
Steven Alexopoulos - J.P. Morgan
When you look at tangible equity post the first Indiana deal, I have it coming down to a little over 8%. I’m curious now looking forward when you think about using capital potentially for share buy-backs, how are you thinking about that given what’s going on in the loan portfolio today?
Gregory A. Smith
If you have any additional questions about our online transcripts, please contact us at: transcripts@seekingalpha.com. Thank you!- To read the full transcript on Seeking Alpha, click here »
