Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(Dollars in millions)
Investment Securities
Beginning balance	$	35	$	(31)	$	1	$	(47)
Unrealized gain	27		22		72		43
Less: Tax provision	6		5		17		10
Net unrealized gain	21		17		55		33
Reclassifications out of AOCI (1)	—		7		—		7
Less: Tax provision	—		1		—		1
Net unrealized gain reclassified out of AOCI	—		6		—		6
Other comprehensive income, net of tax	21		23		55		39
Ending balance	$	56	$	(8)	$	56	$	(8)
Cash Flow Hedges
Beginning balance	$	(4)	$	—	$	—	$	—
Unrealized loss	(10)		—		(15)		—
Less: Tax benefit	(3)		—		(4)		—
Net unrealized loss	(7)		—		(11)		—
Reclassifications out of AOCI (1)	1		—		1		—
Other comprehensive loss, net of tax	(6)		—		(10)		—
Ending balance	$	(10)	$	—	$	(10)	$	—

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