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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 imagine down that the core margin for a GAAP plus an FTE foundation simply.

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, that is FTE foundation that people’re speaking about here.

Brody PrestonStephens Inc — Analyst

Okay. So that it appears like perhaps only a bit that is little compression in the 1st quarter after which type of stable to up after that?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes. Which is perfect.

Brody PrestonStephens Inc — Analyst

Okay. Fine. I simply desired to touch about what % of loans, the mortgage profile is associated with LIBOR and exactly how most of that is one thirty days LIBOR?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes the total book about 24% is linked with 30 days LIBOR. Therefore it is pretty responsive to that LIBOR price. And it declined quite a bit in the fourth quarter, about 30 basis points as you know. I believe making sure that had been a driver that is big of loan yield compression you saw — we saw.

Brody PrestonStephens Inc — Analyst

Ok and just exactly exactly what % associated with the profile is associated with prime best site?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Brody PrestonStephens Inc — Analyst

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

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, you got that right.

Brody PrestonStephens Inc — Analyst

Robert Michael GormanExecutive Vice President and Chief Financial Officer

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

Brody PrestonStephens Inc — Analyst

Okay. After which from the CD guide. I assume, I happened to be a little bit amazed to begin to see the price of CDs flat to up a foundation point simply provided a number of the things I saw you had been doing from the CD pricing front side 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 dancing?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, i do believe what you ought to be seeing those coming down. I do believe that is an expression of a few of the higher level CDs that individuals had been operating us promotions through the 2nd and 3rd quarter that, which can be playing out, but you will probably see those prices decreasing even as we’ve this we have lowered the rates over the past two quarters. So starting the following year, you’ll see those decreasing as you’ll see cash market prices begin to drop also.

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 hunting for. Plus it appears like refi volumes are not quite because strong as I would personally have thought, i recently wanted to better understand what drove that?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, actually i believe when it comes to exactly exactly what our expectations had been. It arrived in pretty much if you think about that 4th quarter is typically a lowered seasonal quarter for mortgages. Therefore we felt decent about this. Therefore we had been anticipating that to tick down when it comes to quarter.

Brody PrestonStephens Inc — Analyst

Okay. Then, wide range administration, you’d quite a good a fairly strong quarter in regards to AUM. Wished to get an expression for just how much of this ended up being market associated versus brand new inflows and what exactly is your perspective for 2020 for that company may be simply provided a number 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 was clearly driven because of the market with regards to the driving AUM up less so of brand new company to arrive. Although we did involve some coming in stays become seen when it comes to objectives in 2020. Our brand new leadership there clearly was undergoing an evaluation for the whole company product therefore we do be prepared to see an uptick there. Many of this is influenced by where — a number of it really is market-driven, aswell when it comes to AUM. Therefore we’ll see where we get after that. But using that from the equation, we do expect you’ll view it some positive energy in that company but pretty, it is too soon to share with at this time.

Brody PrestonStephens Inc — Analyst

Fine, 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 our caller that is next.

Operator

Your next concern arises from the type of Laurie Hunsicker from Compass aim. The line happens to be available.

Laurie HunsickerCompass Aim — Analyst

John C. AsburyPresident and Ceo

Hi, Laurie. Morning good.

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