John C. Asbury — President and Ceo Loan Phone Number

<strong>John C. Asbury</strong> — <em>President and Ceo</em>

Certainly not, in the event that you listened, my commentary had been very carefully made. What exactly we are saying is that people have lots of initiatives and I also listed down a number of that have been finished and there are many more under means. So our heart might be now will be actually get in front of this Truist. I feel like we’ve got the opportunity while we’re not engaged and a merger transaction conversion integration effort as I said. We have to create a run because of it. We must knock away and obtain us near competitive parity as we could with this screen of opportunity.

With that said, the degree of conversation that is happening around, the degree of incoming inquiries us to believe that there will be opportunities when we decide that it’s time that we are receiving does lead. It really is — our company is perhaps maybe not associated with mind-set that individuals would like to do just about anything this current year, but we now have conversations constantly. We will continue steadily to evaluate this in real time. We consider the full spectrum of possibilities in the M&A front side, and I also will say there is a really real possibility once we enter into 2021, you might see us active once again.

But also for now, that which we don’t want to do is always to defer or postpone strategically essential initiatives internally. And they’re all simply services and services and products, because of the real method, we hinted only at that. We are going to talk afterwards about — we now have a stem to review that is stern of inside this company I will be applying — our company is applying. It is occurring now, robotic procedure automation. There are certain items that do price us some funds, honestly in the front end that makes the organization, more effective, more scalable more effective and provide high quality. Therefore here is the screen to accomplish it. To make certain that is our view.

William WallaceRaymond James — Analyst

Okay, many many many thanks. And also this is simply a ticky-tack question, Rob. But they are we completed with merger costs, so that as a fast followup, whenever should we come across the discontinued operations just do it?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes. In order I talked about within my remarks that are prepared yes, merger expenses are done and rebranding costs, you have done. Therefore we are essentially operating at a running go ahead here — running cost base.

William WallaceRaymond James — Analyst

As well as on discontinued, same task?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

William WallaceRaymond James — Analyst

Okay, great. Many Thanks. We’ll allow someone else ask a concern now.

John C. AsburyPresident and Ceo

William P. CiminoSenior Vice President and Director of Investor Relations

Many Many Thanks, Wally, and Carl we have been prepared for the next caller, please.

Operator

Your next concern arises from the type of Brody Preston from Stephens, Inc. The line has become available.

John C. AsburyPresident and Ceo

Brody PrestonStephens Inc — Analyst

Hi, good early early morning everybody else. Exactly exactly just How have you been?

John C. AsburyPresident and Chief Executive Officer

Brody PrestonStephens Inc — Analyst

I recently had a couple of, just clean-up questions, before We have into a few of my other concerns. And so I guess just following through to the CECL commentary, and so I guess simply the 20 foundation points to 25 foundation points, that could be about a $35 million money effect, someplace for the reason that range, is reasonable, Rob?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, yes, which is about right Brody.

Brody PrestonStephens Inc — Analyst

Okay. After which i suppose, when I think of the reserve ratio moving forward, I understand that the consumer book is running off, but as the acquired book also runs off, I’m assuming that that’s carried at a — if we segment the buckets for the loan loss reserve between origination and acquire — originated and acquired, I’m assuming that that acquired bucket is — the reserve ratio on that is a little bit higher and so as that runs off as I think about. Does that also we guess, increase the loan loss book ratio going reduced in the long run?

Robert Michael GormanExecutive Vice President browse around here and Chief Financial Officer

Yes, I do not believe that’s planning to influence it that much in terms of the obtained — the obtained guide, let’s imagine the nice obtained guide, that is everything we’re placing the book at, that is more or less in line with legacy Union’s reserving. And so I would not expect that that’s going to be described as a motorist. There is certainly of course the PCB, the purchased credit deteriorated. But that is perhaps not really a big number for us right right here.

Brody PrestonStephens Inc — Analyst

Okay. After which regarding the share repurchases just comparing the press announcements, it seems if you had the shares repurchased or the average price that you repurchased, that just for the fourth quarter like you bought back about $45 million worth of stock this quarter, just wondering?

Robert Michael GormanExecutive Vice President and Chief Financial Officer

Yes, i believe as a whole it is like $36.91 since we began therefore the 4th quarter ended up being — i believe ended up being about $37.30 approximately $37.40.

Brody PrestonStephens Inc — Analyst

Okay. Great, thank you. And I also guess simply returning to the NIM guidance, you were said by you type of expect that to support. In this 3.35% to 3.40per cent on a core foundation is the fact that, is GAAP core NIM that you are leading to?