Robert Michael Gorman — Executive Vice President and Chief Financial Officer

<strong>Robert Michael Gorman</strong> — <em>Executive Vice President and Chief Financial Officer</em>

Whenever you state GAAP?

Brody PrestonStephens Inc — Analyst

Yes, after all you provide — yes you provide an FTE and a GAAP margin in your news release. And thus consider down that the core margin for a GAAP plus an FTE basis simply.

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, which is FTE foundation that individuals’re dealing with here.

Brody PrestonStephens Inc — Analyst

Okay. So that it appears like perhaps simply a bit that is little compression in the first quarter after which type of stable to up after that?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes. That is perfect.

Brody PrestonStephens Inc — Analyst

Okay. Fine. I recently wished to touch on which % of loans, the mortgage profile is linked with LIBOR and exactly how most of this is certainly one LIBOR month?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes the book that is total 24% is linked with 30 days LIBOR. Therefore it is pretty responsive to that LIBOR price. And you may already know, it declined a great deal when you look at the 4th quarter, about 30 foundation points. I do believe to ensure had been a driver that is big of loan yield compression you saw — we saw.

Brody PrestonStephens Inc — Analyst

Ok and just just just what per cent associated with the profile is linked with prime?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Brody PrestonStephens Inc — Analyst

Okay. And I’m presuming these loans kind of reprice through the quarter on a basis that is monthly?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, that is right.

Brody PrestonStephens Inc — Analyst

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Significantly pertains to straight back swaps which we cost a bit more. I suppose about — monthly foundation i believe they typically reprice.

Brody PrestonStephens Inc — Analyst

Okay. After which in the CD guide. I assume, I happened to be a little bit amazed to look at price of CDs flat to up a foundation point simply provided a few of the thing I saw you had been doing in the CD pricing front when you look at the quarter. Therefore I you know what ended up being the motorist of this and what could we expect for time deposit expenses continue?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, i do believe what you need to be seeing those coming down. I do believe that is a representation of some of the higher level CDs us promotions during the second and third quarter that, that are playing out, but you can expect to see those rates coming down as we’ve this we’ve lowered the rates over the last two quarters that we were running. Therefore starting the following year, you will observe those declining while you’ll see money market rates begin to drop as well.

Brody PrestonStephens Inc — Analyst

Fine. After which one or two hours — a few quick ones kept. The home loan had been a bit that is little than I became to locate. Also it seems like refi volumes are not quite because strong I just wanted to better understand what drove that as I would have thought?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, actually i believe with regards to exactly what our objectives were. It arrived in pretty much if you think about that 4th quarter is typically a diminished seasonal quarter for mortgages. So we felt very good about this. Therefore we had been anticipating that to tick straight straight down for the quarter.

Brody PrestonStephens Inc — Analyst

Okay. Then, wealth administration, you’d a fairly good a fairly quarter that is strong regards to AUM. Wished to get an expression for simply how much of that ended up being market associated versus brand brand new inflows and what is your perspective for 2020 for that continuing company may be simply offered a few of the leadership modifications?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, I would personally state plenty of that which you saw there is driven by the market with regards to the driving AUM up less so of the latest company to arrive. Although we did involve some coming in keeps to be noticed when it comes to speedyloan.net/installment-loans-mi/ objectives in 2020. Our brand new leadership there is certainly undergoing an evaluation associated with business that is entire so we do expect you’ll see an uptick there. However some of this is determined by where — a few of it is market-driven, too with regards to AUM. Therefore we’ll see where we get after that. But taking that from the equation, we do be prepared to notice it some positive energy in that company but pretty, it is too soon to inform at this stage.

Brody PrestonStephens Inc — Analyst

All right, great. Many thanks quite definitely everyone else.

John C. AsburyPresident and Ceo

Robert Michael GormanExecutive Vice President and Chief Financial Officer

William P. CiminoSenior Vice President and Director of Investor Relations

And Karl, our company is prepared for the caller that is next.

Operator

Your question that is next comes the type of Laurie Hunsicker from Compass Point. The line happens to be available.

Laurie HunsickerCompass Aim — Analyst

John C. AsburyPresident and Ceo

Hi, Laurie. Good morning.

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