“we can see another similar-sized reduction between Q1 and Q2 and probably between Q1 and Q4, somewhere on the order of 10 basis points, plus or minus improvement in the premium -- the level of premium amortization.”

In context

“ut 50 basis points today. So what's embedded? And then in terms of just the mix and thinking about kind of the loan book, you obviously have some good traction on mortgage lending and refinance activity as you guys talked about. It seems like that might slow here just in the rising rate environment. So maybe talk a little bit about kind of the outlook for growing the loan book. And are there other products that could offset that? And even would you do an acquisition to kind of accelerate other areas of loan growth? Peter Crawford: Sure. So on the prepayment amortization, we saw about a [indiscernible] basis point reduction in premium amortization between Q4 and Q1. And embedded within that NIM outlook that we shared is our expectation that again assuming rates continue as they have, that we can see another similar-sized reduction between Q1 and Q2 and probably between Q1 and Q4, somewhere on the order of 10 basis points, plus or minus improvement in the premium -- the level of premium amortization. In terms of of loan growth, we do -- despite the rising rate environment, we do think there's a lot of opportunity for growth. Clearly, the refinancing wave has largely passed, and we're entering on the mortgage side, a new purchase -- it's more of a new purchase market. But our rates are very, very compelling. And the -- still, despite the success we've had with growing our lending solutions, there's still a lot of clients out there who don't yet turn to us for their lending needs, who would be better off turning to us for their lending needs. It's good for them and it's good for us both financially and strategically. So we still think there's a big opportunity there with both the Schwab clients as well as now with the legacy Ameritrade clients to increase the awareness of the Schwab Ba”