Robert Michael Gorman — Executive Vice President and Chief Financial Officer

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<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 on a GAAP and an FTE foundation simply.

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, which is FTE foundation that individuals’re speaing frankly about here.

Brody PrestonStephens Inc — Analyst

Okay. Therefore it appears like perhaps merely a little little more compression in the 1st quarter then sort 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 recently wished to touch about what % of loans, the mortgage profile is linked 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 guide about 24% is linked with a month LIBOR. Therefore it is pretty responsive to that LIBOR rate. And you may already know, it declined a great deal in the 4th quarter, about 30 foundation points. I believe in order for had been a big motorist for the loan yield compression you saw — we saw.

Brody PrestonStephens Inc — Analyst

Ok and exactly what % regarding the profile is linked with prime?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Brody PrestonStephens Inc — Analyst

Okay online installment loans mississippi. And I also’m presuming these loans kind of reprice for the 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

Notably pertains to straight back swaps which we cost a tad bit more. I assume 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 bit that is little to look at price of CDs flat to up a foundation point simply offered a few of the things I saw you’re doing from the CD pricing front side within the quarter. Therefore I guess what ended up being the motorist of this and what could we expect for time deposit costs 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 which is a expression of a few of the higher level CDs that individuals were operating us promotions throughout the 2nd and 3rd quarter that, which can be playing away, but you will probably see those prices decreasing even as we’ve this we have lowered the rates over the past two quarters. Therefore starting the following year, you’ll see those decreasing while you’ll see cash market prices begin to fall also.

Brody PrestonStephens Inc — Analyst

Fine. After which just a few — a few quick ones kept. The home loan had been a small bit weaker than I happened to be seeking. Plus it appears 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 had been. It arrived in pretty much considering that 4th quarter is usually a lower life expectancy seasonal quarter for mortgages. So we felt decent about this. So we had been expecting that to tick straight straight down when it comes to quarter.

Brody PrestonStephens Inc — Analyst

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

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, I would personally state plenty of everything you saw there was clearly driven by industry with regards to the AUM that is driving up so of the latest company to arrive. Although we did involve some coming in stays become seen with regards to objectives in 2020. Our brand new leadership there was undergoing an assessment associated with entire business product and now we do be prepared to see an uptick there. However some of this is influenced by where — a number of it really is market-driven, aswell with regards to AUM. Therefore we’ll see where we get after that. But using that from the equation, we do be prepared to notice it some good energy in that company but pretty, it’s prematurily. To inform at this stage.

Brody PrestonStephens Inc — Analyst

Fine, great. Many thanks really every person.

John C. AsburyPresident and Chief Executive Officer

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 next concern originates from the type of Laurie Hunsicker from Compass aim. The line has become available.

Laurie HunsickerCompass Aim — Analyst

John C. AsburyPresident and Ceo

Hi, Laurie. Morning good.

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