Robert Michael Gorman — Executive Vice President and Chief Financial Officer
Once you state GAAP?
Brody Preston — Stephens Inc — Analyst
Yes, after all you provide — yes you provide an FTE and a GAAP margin in your pr release. So just think down that the core margin on a GAAP and an FTE foundation simply.
Robert Michael Gorman — Executive Vice President and Chief Financial Officer
Yes, which is FTE foundation that people’re speaking about here.
Brody Preston — Stephens Inc — Analyst
Okay. Therefore it appears like possibly merely a bit that is little compression in the 1st quarter after which type of stable to up after that?
Robert Michael Gorman — Executive Vice President and Chief Financial Officer
Yes. That is perfect.
Brody Preston — Stephens Inc — Analyst
Okay. Fine. I simply wished to touch about what % of loans, the loan profile is linked with LIBOR and how a lot of that is one month LIBOR?
Robert Michael Gorman — Executive Vice President and Chief Financial Officer
Yes the book that is total 24% is associated with a month LIBOR. So 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 making sure that had been a big motorist associated with the loan yield compression you saw — we saw.
Brody Preston — Stephens Inc — Analyst
Ok and exactly what % for the profile is linked with prime?
Robert Michael Gorman — Executive Vice President and Chief Financial Officer
Brody Preston — Stephens Inc — Analyst
Okay. And I also’m assuming these loans kind of reprice through the quarter on a month-to-month foundation?
Robert Michael Gorman — Executive Vice President and Chief Financial Officer
Yes, that is correct.
Brody Preston — Stephens Inc — Analyst
Robert Michael Gorman — Executive Vice President and Chief Financial Officer
Notably pertains to straight straight back swaps which we cost a tad bit more. I suppose about — monthly foundation i believe they typically reprice.
Brody Preston — Stephens Inc — Analyst
Okay. Then from the CD guide. I suppose, I became a bit that is little to start to see the price of CDs flat to up a foundation point simply offered a few of the things I saw you had been doing in the CD pricing front side into 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 Gorman — Executive Vice President and Chief Financial Officer
Yes, i believe what you ought to be seeing those coming down. I 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 will observe those decreasing while you’ll see money market prices begin to drop also.
Brody Preston — Stephens Inc — Analyst
Fine. Then just a few — a few quick ones kept. The home loan ended up being a bit that is little than I became in search of. 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 Gorman — Executive Vice President and Chief Financial Officer
Yes, actually i believe when it comes to just just what our objectives were. It arrived in pretty much if you think about that 4th quarter is usually a lowered seasonal quarter for mortgages. Therefore we felt very good about this. So we had been anticipating that to tick straight straight down when it comes to quarter.
Brody Preston — Stephens Inc — Analyst
Okay. After which, wealth administration, you’d a fairly good a fairly strong quarter in regards to AUM. Wished to get a feeling for just how much of this ended up being market associated versus brand brand brand new inflows and what exactly is your perspective for 2020 for that continuing company could be simply offered a number of the leadership modifications?
Robert Michael Gorman — Executive Vice President and Chief Financial Officer
Yes, I would personally state plenty of everything you saw there is driven by industry in regards to the driving AUM up less so of brand new company to arrive. Although we did involve some coming in stays to be noticed when it comes to objectives in 2020. Our brand brand new leadership there was undergoing an assessment regarding the business that is entire therefore we do expect you’ll see an uptick there. However some of this is based on where — a few of it is market-driven, too with regards to AUM. Therefore we’ll see where we get from there. But using that from the equation, we do expect you’ll notice it some good energy in that company but pretty, it is too quickly to inform at this time.
Brody Preston — Stephens Inc — Analyst
Fine, great. Many thanks greatly everybody else.
John C. Asbury — President and Ceo
Robert Michael Gorman — Executive Vice President and Chief Financial Officer
William P. Cimino — Senior Vice President and Director of Investor Relations
And Karl, our company is prepared for the next caller, please.
Operator
Your next concern arises from the type of Laurie Hunsicker from Compass aim. The line happens to be open.
Laurie Hunsicker — Compass Aim — Analyst
John C. Asbury — President and Ceo
Hi, Laurie. Good early morning.