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 say GAAP?

Brody PrestonStephens Inc — Analyst

Yes, i am talking about you provide — yes you provide an FTE and a GAAP margin in your pr release. And thus consider down that the core margin for a GAAP as well as an FTE basis simply.

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, that is FTE foundation that individuals’re referring to here.

Brody PrestonStephens Inc — Analyst

Okay. Therefore it sounds like perhaps simply a bit that is little compression in the 1st quarter and then sort of stable to up after that?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes. That is perfect.

Brody PrestonStephens Inc — Analyst

Okay. All right. I simply desired to touch on which % of loans, the mortgage profile is associated with LIBOR and exactly how a lot of that is one thirty days LIBOR?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes the book that is total 24% is associated with 30 days LIBOR. So 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 that had been a big motorist of this loan yield compression you saw — we saw.

Brody PrestonStephens Inc — Analyst

Ok and just what % regarding the portfolio 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 for 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

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

Brody PrestonStephens Inc — Analyst

Okay. After which from the CD book. I suppose, I became a bit that is little to look at price of CDs flat to up a foundation point simply offered a number of the things I saw you’re doing from the CD pricing front side into the quarter. I really you know what ended up being the motorist of the and what could we expect for time deposit expenses continue?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, i believe what you ought to be seeing those coming down. I believe which is an expression of some of the higher level CDs that we were operating us promotions through the 2nd and 3rd quarter that, which are playing away, but you are likely to see those prices decreasing once we’ve this we have lowered the rates throughout the last two quarters. So starting the following year, you will observe those decreasing as 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 had been a bit that is little than I became searching for. 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 just just what our expectations had been. It arrived in pretty much if you think about that 4th quarter is usually less seasonal quarter for mortgages. So we felt very good about this. So we had been anticipating that to tick straight straight 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 a feeling for exactly how much of that ended up being market associated versus brand brand brand new inflows and what exactly is your perspective for 2020 for the continuing company could be simply offered a few of the leadership modifications?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, I would state a lot of everything you saw there clearly was driven by the marketplace with regards to the AUM that is driving up so of brand new 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 regarding the business that is entire and now we do expect you’ll see an uptick there. However some of this is determined https://speedyloan.net/installment-loans-mi by where — several of it is market-driven, too when it comes to AUM. Therefore we’ll see where we go after that. But using that from the equation, we do expect you’ll view it some good energy in that company but pretty, it is prematurily. To share with at this time.

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, we have been prepared for the next caller, please.

Operator

Your next concern arises from the type of Laurie Hunsicker from Compass aim. The line has become open.

Laurie HunsickerCompass Aim — Analyst

John C. AsburyPresident and Ceo

Hi, Laurie. Morning good.

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 say GAAP?

Brody PrestonStephens Inc — Analyst

Yes, i am talking about you provide — yes you provide an FTE and a GAAP margin in your pr release. And thus consider down that the core margin for a GAAP as well as an FTE basis simply.

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, that is FTE foundation that individuals’re referring to here.

Brody PrestonStephens Inc — Analyst

Okay. Therefore it sounds like perhaps simply a bit that is little compression in the 1st quarter and then sort of stable to up after that?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes. That is perfect.

Brody PrestonStephens Inc — Analyst

Okay. All right. I simply desired to touch on which % of loans, the mortgage profile is associated with LIBOR and exactly how a lot of that is one thirty days LIBOR?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes the book that is total 24% is associated with 30 days LIBOR. So 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 that had been a big motorist of this loan yield compression you saw — we saw.

Brody PrestonStephens Inc — Analyst

Ok and just what % regarding the portfolio 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 for 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

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

Brody PrestonStephens Inc — Analyst

Okay. After which from the CD book. I suppose, I became a bit that is little to look at price of CDs flat to up a foundation point simply offered a number of the things I saw you’re doing from the CD pricing front side into the quarter. I really you know what ended up being the motorist of the and what could we expect for time deposit expenses continue?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, i believe what you ought to be seeing those coming down. I believe which is an expression of some of the higher level CDs that we were operating us promotions through the 2nd and 3rd quarter that, which are playing away, but you are likely to see those prices decreasing once we’ve this we have lowered the rates throughout the last two quarters. So starting the following year, you will observe those decreasing as 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 had been a bit that is little than I became searching for. 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 just just what our expectations had been. It arrived in pretty much if you think about that 4th quarter is usually less seasonal quarter for mortgages. So we felt very good about this. So we had been anticipating that to tick straight straight 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 a feeling for exactly how much of that ended up being market associated versus brand brand brand new inflows and what exactly is your perspective for 2020 for the continuing company could be simply offered a few of the leadership modifications?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, I would state a lot of everything you saw there clearly was driven by the marketplace with regards to the AUM that is driving up so of brand new 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 regarding the business that is entire and now we do expect you’ll see an uptick there. However some of this is determined https://speedyloan.net/installment-loans-mi by where — several of it is market-driven, too when it comes to AUM. Therefore we’ll see where we go after that. But using that from the equation, we do expect you’ll view it some good energy in that company but pretty, it is prematurily. To share with at this time.

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, we have been prepared for the next caller, please.

Operator

Your next concern arises from the type of Laurie Hunsicker from Compass aim. The line has become open.

Laurie HunsickerCompass Aim — Analyst

John C. AsburyPresident and Ceo

Hi, Laurie. Morning good.