Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2022

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,
	2022		2021		2022		2021
	(Dollars in millions)
Investment Securities
Beginning balance	$	(43)	$	37	$	15	$	52
Unrealized loss	(82)		(2)		(159)		(22)
Less: Tax benefit	(14)		—		(33)		(5)
Net unrealized loss	(68)		(2)		(126)		(17)
Other comprehensive loss, net of tax	(68)		(2)		(126)		(17)
Ending balance	$	(111)	$	35	$	(111)	$	35
Cash Flow Hedges
Beginning balance	$	41	$	17	$	20	$	(5)
Unrealized (loss) gain	(24)		(9)		5		17
Less: Tax (benefit) provision	(6)		(1)		2		4
Net unrealized (loss) gain	(18)		(8)		3		13
Reclassifications (into) out of AOCI (1)	(14)		1		(14)		2
Less: Tax (benefit) provision	(3)		—		(3)		—
Other comprehensive (loss) income, net of tax	(29)		(7)		(8)		15
Ending balance	$	12	$	10	$	12	$	10

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