Question-and-Answer Session
Operator
Thank you sir. (Operator Instructions) Our first question is from the line of Aaron Deer with Sandler O'Neill & Partners. Please go ahead.
Aaron Deer - Sandler O'Neill & Partners
Hi, good morning everyone. David, I was hopping you could give us some color on what you’re seeing in the 30 to 89 day delinquency trends in each of the different portfolios?
David Porter
Aaron, I can do that. For the bank as a whole, I’ll start with that. Relative to the third quarter, in the two to three payment bucket we had approximately $94 million outstanding in Q3. That same number in Q4 is about $82 million, so about a $14 million reduction in that number; however, you do have to remember we did take some significant charge-off in the fourth quarter, so that impacted it as well. In terms of the individual portfolios, what I’d like to do is probably get back to you and go through those specific numbers if I can.
Aaron Deer - Sandler O'Neill & Partners
Okay, that’s fine. Then, Stephen on the expenses, I guess I was surprised to see comp costs were up and there’s this also big increase in the other expenses. In a lot of folks I guess that we’re seeing reversals, bonus accruals and things like that, that have actually brought expenses down this quarter. What was going on in your fourth quarter and why might we not expect to see expenses actually down next year instead of up 2% recognized and that of course the FDIC premiums are going up?
Stephen Masterson
Well, I think that FDIC premium is part of what you saw in the fourth quarter and I think what George mentioned earlier is true for next year. We do expect to see the expenses going down. What largely drove our salary increases year-over-year was our investment in building out our wealth and advisory services, the registered investment advisors and the wealth management business that we’re building here at the bank.
George Leis
That’s right, Stephen. We bought herein a registered investment advisor in San Luis Obispo, Bob Wacker and Associates. Bob had about $500 million in assets in the management and his salary expense which added to our company in the last two quarters of the year.
Aaron Deer - Sandler O'Neill & Partners
But even quarter-to-quarter I think that Core Bank personals costs were up like from 27/3 to 31/4, or else I missed something.
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