Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

The following table sets forth the components in AOCI:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(Dollars in millions)
Investment Securities
Beginning balance	$	37	$	35	$	52	$	1
Unrealized gain	(2)		27		(22)		72
Less: Tax provision	—		6		(5)		17
Net unrealized gain	(2)		21		(17)		55
Other comprehensive income, net of tax	(2)		21		(17)		55
Ending balance	$	35	$	56	$	35	$	56
Cash Flow Hedges
Beginning balance	$	17	$	(4)	$	(5)	$	—
Unrealized loss	(9)		(10)		17		(15)
Less: Tax benefit	(1)		(3)		4		(4)
Net unrealized loss	(8)		(7)		13		(11)
Reclassifications out of AOCI (1)	1		1		2		1
Less: Tax provision (benefit)	—		—		—		—
Other comprehensive loss, net of tax	(7)		(6)		15		(10)
Ending balance	$	10	$	(10)	$	10	$	(10)

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