Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(Dollars in millions)
Investment Securities
Beginning balance	$	56	$	(8)	$	1	$	(47)
Unrealized gain	—		18		72		61
Less: Tax provision	—		5		17		15
Net unrealized gain	—		13		55		46
Reclassifications out of AOCI (1)	—		—		—		7
Less: Tax provision	—		—		—		1
Net unrealized gain reclassified out of AOCI	—		—		—		6
Other comprehensive income, net of tax	—		13		55		52
Ending balance	$	56	$	5	$	56	$	5
Cash Flow Hedges
Beginning balance	$	(10)	$	—	$	—	$	—
Unrealized loss	—		—		(13)		—
Less: Tax benefit	—		—		(3)		—
Net unrealized loss	—		—		(10)		—
Reclassifications out of AOCI (1)	—		—		—		—
Other comprehensive loss, net of tax	—		—		(10)		—
Ending balance	$	(10)	$	—	$	(10)	$	—

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