Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Components of Accumulated Other Comprehensive Income

The following table sets forth the components in AOCI:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(Dollars in millions)
Investment Securities
Beginning balance	$	35	$	56	$	52	$	1
Unrealized gain (loss)	(11)		—		(33)		72
Less: Tax provision (benefit)	(3)		—		(8)		17
Net unrealized gain (loss)	(8)		—		(25)		55
Other comprehensive income (loss), net of tax	(8)		—		(25)		55
Ending balance	$	27	$	56	$	27	$	56
Cash Flow Hedges
Beginning balance	$	10	$	(10)	$	(5)	$	—
Unrealized gain (loss)	2		—		19		(13)
Less: Tax provision (benefit)	1		—		5		(3)
Net unrealized gain (loss)	1		—		14		(10)
Reclassifications out of AOCI (1)	1		—		3		—
Less: Tax provision (benefit)	1		—		1		—
Other comprehensive income (loss), net of tax	1		—		16		(10)
Ending balance	$	11	$	(10)	$	11	$	(10)

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