Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
	(Dollars in millions)
Investment Securities
Beginning balance	$	(111)	$	35	$	15	$	52
Unrealized loss	(119)		(11)		(278)		(33)
Less: Tax benefit	(32)		(3)		(65)		(8)
Net unrealized loss	(87)		(8)		(213)		(25)
Other comprehensive loss, net of tax	(87)		(8)		(213)		(25)
Ending balance	$	(198)	$	27	$	(198)	$	27
Cash Flow Hedges
Beginning balance	$	12	$	10	$	20	$	(5)
Unrealized (loss) gain	(79)		2		(74)		19
Less: Tax (benefit) provision	(19)		1		(17)		5
Net unrealized (loss) gain	(60)		1		(57)		14
Reclassifications (into) out of AOCI (1)	(4)		1		(18)		3
Less: Tax (benefit) provision	(1)		1		(4)		1
Other comprehensive (loss) income, net of tax	(63)		1		(71)		16
Ending balance	$	(51)	$	11	$	(51)	$	11

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