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

Whenever you state GAAP?

Brody PrestonStephens Inc — Analyst

Yes, i am talking about you provide — yes you provide an FTE and a GAAP margin in your news release. And thus consider http://www.speedyloan.net/reviews/cashcall down that the core margin on a GAAP as well as an FTE foundation just.

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, which is FTE foundation we’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 wished to touch about what % of loans, the mortgage profile is linked with LIBOR and exactly how a lot 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 it declined quite a bit in the fourth quarter, about 30 basis points as you know. 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 exactly just what per cent associated with profile is associated with prime?

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 on a month-to-month foundation?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, that is correct.

Brody PrestonStephens Inc — Analyst

Robert Michael GormanExecutive Vice President and Chief Financial Officer

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

Brody PrestonStephens Inc — Analyst

Okay. Then from the CD guide. I suppose, I happened to be a little bit astonished to begin to see the cost of CDs flat to up a foundation point simply offered a few of the things I saw you were doing in the CD pricing front side within the quarter. Therefore I you know what ended up being the motorist of the and what could we expect for time deposit costs dancing?

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 high rate 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’ll see those declining while you’ll see cash market prices begin to drop also.

Brody PrestonStephens Inc — Analyst

Fine. After which just a few — a few quick ones kept. The home loan ended up being a tiny bit weaker than I became shopping for. Plus it appears like refi volumes aren’t 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 just what our objectives had been. It came in pretty much considering that 4th quarter is usually a lower life expectancy seasonal quarter for mortgages. Therefore we felt very good about this. Therefore we were anticipating that to tick straight straight down when it comes to quarter.

Brody PrestonStephens Inc — Analyst

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

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, i might state a large amount of that which you saw there clearly was driven because of industry with regards to the AUM that is driving up so of the latest company coming in. Although we did involve some coming in keeps to be noticed with regards to objectives in 2020. Our brand brand brand new leadership there is certainly undergoing an evaluation for the entire company product and we also do be prepared to see an uptick there. Many of this is based on where — several of it really is market-driven, aswell with regards to AUM. Therefore we’ll see where we get from there. But taking that from the equation, we do be prepared to view it some positive energy in that company but pretty, it is too soon to share with at this stage.

Brody PrestonStephens Inc — Analyst

Fine, great. Many thanks quite definitely every person.

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 aim. The line has become available.

Laurie HunsickerCompass Aim — Analyst

John C. AsburyPresident and Ceo

Hi, Laurie. Good early morning.