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 pr release. And thus imagine down that the core margin on a GAAP and an FTE foundation simply.

Robert Michael GormanExecutive Vice President and Chief Financial Officer

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

Brody PrestonStephens Inc — Analyst

Okay. Therefore it appears like perhaps only just a little little more compression in the 1st 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 desired to touch about what per cent 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 total guide about 24% is associated with a month 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 to ensure that had been a big motorist of this loan yield compression you saw — we saw.

Brody PrestonStephens Inc — Analyst

Okay and exactly exactly what % regarding the portfolio is linked 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 quarter for 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

Notably pertains to straight straight back swaps which we price more. I assume about — monthly foundation i do believe they typically reprice.

Brody PrestonStephens Inc — Analyst

Okay. Then regarding the CD guide. I suppose, I happened to be a little bit astonished to look at price of CDs flat to up a foundation point simply provided several of the things I saw you’re doing from the CD pricing front side into the quarter. Therefore I you know what had been 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’s an expression of a few of the high rate CDs that individuals had been operating us promotions throughout the 2nd and 3rd quarter that, which can be playing away, but you will probably see those prices decreasing as we’ve this we have lowered the rates throughout the last two quarters. Therefore starting the following year, you’ll see those decreasing while you’ll see money 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 in search of. And it also 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 do believe with regards to just exactly just what our objectives had been. It arrived in pretty much if you think about that 4th quarter is typically a lower life expectancy seasonal quarter for mortgages. So we felt very good about that. So we had been anticipating that to tick down when it comes to quarter.

Brody PrestonStephens Inc — Analyst

Okay. After which, wide range management, you’d a fairly good a fairly quarter that is strong regards to AUM. Desired to get an expression for simply how much of this ended up being market associated versus brand new inflows and what is your perspective for 2020 for that company could be simply provided a number of the leadership changes?

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 the marketplace with regards to the AUM that is driving up so of the latest company to arrive. Although we did have some coming in stays to be seen when it comes to expectations in 2020. Our brand brand new leadership there clearly was undergoing an assessment for the whole company product and we also do expect you’ll see an uptick there. However some of this is based on where — a number of it’s market-driven, too https://speedyloan.net/installment-loans-mi with regards 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 good energy in that company but pretty, it really is prematurily. To share with at this time.

Brody PrestonStephens Inc — Analyst

Fine, great. Many thanks greatly everybody 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, we’re prepared for the next caller, please.

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.