Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The following table sets forth the components in accumulated other comprehensive income (loss):

	Three Months Ended March 31,
	2020			2019
	(Dollars in millions)
Investment Securities
Beginning balance	$	1		$	(47	)
Unrealized gain	45			21
Less: Tax provision	11			5
Net unrealized gain	34			16
Reclassifications out of AOCI (1)	—			—
Less: Tax provision	—			—
Net unrealized gain reclassified out of AOCI	—			—
Other comprehensive income, net of tax	34			16
Ending balance	$	35		$	(31	)
Cash Flow Hedges
Beginning balance	$	—		$	—
Unrealized gain (loss)	(5		)	—
Less: Tax provision (benefit)	(1		)	—
Net unrealized gain (loss)	(4		)	—
Reclassifications out of AOCI (1)	—			—
Less: Tax provision	—			—
Net unrealized gain (loss) reclassified out of AOCI	—			—
Other comprehensive income (loss), net of tax	(4		)	—
Ending balance	$	(4	)	$	—

(1)

Reclassifications are reported in noninterest income on the Consolidated Statements of Operations.