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Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2015
Receivables [Abstract]  
Amounts Outstanding for Loans and Leases by Segment and Class
Amounts outstanding for loans and leases, by segment and class, are shown below.

TABLE 57: LOANS AND LEASES
 
                      DECEMBER 31,
(In Millions)
2015

2014

Commercial
 
 
Commercial and Institutional
$
9,431.5

$
8,381.9

Commercial Real Estate
3,848.8

3,333.3

Lease Financing, net
544.4

916.3

Non-U.S.
1,137.7

1,530.6

Other
194.1

191.5

 
 
 
Total Commercial
15,156.5

14,353.6

 
 
 
Personal
 
 
Residential Real Estate
8,850.7

9,782.6

Private Client
9,136.4

7,466.9

Other
37.3

37.1

 
 
 
Total Personal
18,024.4

17,286.6

 
 
 
Total Loans and Leases
$
33,180.9

$
31,640.2

Allowance for Credit Losses Assigned to Loans and Leases
(193.8
)
(267.0
)
 
 
 
Net Loans and Leases
$
32,987.1

$
31,373.2
Components of Net Investment in Direct Finance and Leveraged Leases
The components of the net investment in direct finance and leveraged leases are as follows:

TABLE 58: DIRECT FINANCE AND LEVERAGED LEASES
 
                      DECEMBER 31,
(In Millions)
2015

2014

Direct Finance Leases
 
 
Lease Receivable
$
53.8

$
195.4

Residual Value
109.3

208.8

Initial Direct Costs
1.3

3.6

Unearned Income
(9.4
)
(39.1
)
 
 
 
Investment in Direct Finance Leases
155.0

368.7

 
 
 
Leveraged Leases
 
 
Net Rental Receivable
260.2

413.6

Residual Value
215.4

285.6

Unearned Income
(86.2
)
(151.6
)
 
 
 
Investment in Leveraged Leases
389.4

547.6

 
 
 
Lease Financing, net
$
544.4

$
916.3
Future Minimum Lease Payments to be Received
The following schedule reflects the future minimum lease payments to be received over the next five years under direct finance leases:

TABLE 59: FUTURE MINIMUM LEASE PAYMENTS
(In Millions)
FUTURE MINIMUM
LEASE PAYMENTS

2016
$
14.8

2017
11.5

2018
11.2

2019
9.0

2020
4.2
Loan and Lease Segment and Class Balances Segregated by Borrower Ratings into "1 to 3", "4 to 5" and "6 to 9" (Watch List) Categories
Loan and lease segment and class balances at December 31, 2015 and 2014 are provided below, segregated by borrower ratings into “1 to 3”, “4 to 5”, and “6 to 9” (watch list), categories.

TABLE 60: BORROWER RATINGS
 
DECEMBER 31, 2015
DECEMBER 31, 2014
(In Millions)
1 TO 3
CATEGORY

4 TO 5
CATEGORY

6 TO 9
CATEGORY
(WATCH LIST)

TOTAL

1 TO 3
CATEGORY

4 TO 5
CATEGORY

6 TO 9
CATEGORY
(WATCH LIST)

TOTAL

Commercial
 
 
 
 
 
 
 
 
Commercial and Institutional
$
6,360.6

$
2,897.2

$
173.7

$
9,431.5

$
5,340.9

$
2,947.3

$
93.7

$
8,381.9

Commercial Real Estate
1,822.6

1,992.7

33.5

3,848.8

1,371.7

1,861.8

99.8

3,333.3

Lease Financing, net
377.0

133.1

34.3

544.4

552.5

360.3

3.5

916.3

Non-U.S.
313.8

823.3

0.6

1,137.7

636.8

892.9

0.9

1,530.6

Other
94.9

99.2

—

194.1

108.1

83.4

—

191.5

 
 
 
 
 
 
 
 
 
Total Commercial
8,968.9

5,945.5

242.1

15,156.5

8,010.0

6,145.7

197.9

14,353.6

 
 
 
 
 
 
 
 
 
Personal
 
 
 
 
 
 
 
 
Residential Real Estate
3,014.9

5,516.7

319.1

8,850.7

3,148.0

6,207.0

427.6

9,782.6

Private Client
5,908.3

3,207.1

21.0

9,136.4

5,143.8

2,311.7

11.4

7,466.9

Other
18.3

19.0

—

37.3

21.1

16.0

—

37.1

 
 
 
 
 
 
 
 
 
Total Personal
8,941.5

8,742.8

340.1

18,024.4

8,312.9

8,534.7

439.0

17,286.6

 
 
 
 
 
 
 
 
 
Total Loans and Leases
$
17,910.4

$
14,688.3

$
582.2

$
33,180.9

$
16,322.9

$
14,680.4

$
636.9

$
31,640.2
Balances and Delinquency Status of Performing and Nonperforming Loans and Leases by Segment and Class as well as Total Other Real Estate Owned and Nonperforming Asset Balances
The following tables provide balances and delinquency status of performing and nonperforming loans and leases by segment and class, as well as the other real estate owned and total nonperforming asset balances, as of December 31, 2015 and 2014.

TABLE 61: DELINQUENCY STATUS
(In Millions)
CURRENT

30 – 59 DAYS
PAST DUE

60 – 89 DAYS
PAST DUE

90 DAYS
OR MORE
PAST DUE

TOTAL
PERFORMING

NONPERFORMING

TOTAL LOANS
AND LEASES

December 31, 2015
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial and Institutional
$
9,377.6

$
7.8

$
0.9

$
2.3

$
9,388.6

$
42.9

$
9,431.5

Commercial Real Estate
3,823.3

2.4

4.9

1.5

$
3,832.1

16.7

3,848.8

Lease Financing, net
544.4

—

—

—

$
544.4

—

544.4

Non-U.S.
1,137.7

—

—

—

$
1,137.7

—

1,137.7

Other
194.1

—

—

—

$
194.1

—

194.1

 
 
 
 
 
 
 
 
Total Commercial
15,077.1

10.2

5.8

3.8

15,096.9

59.6

15,156.5

 
 
 
 
 
 
 
 
Personal
 
 
 
 
 
 
 
Residential Real Estate
8,679.3

35.2

14.5

1.6

8,730.6

120.1

8,850.7

Private Client
9,104.8

17.5

12.0

1.7

9,136.0

0.4

9,136.4

Other
37.3

—

—

—

37.3

—

37.3

 
 
 
 
 
 
 
 
Total Personal
17,821.4

52.7

26.5

3.3

17,903.9

120.5

18,024.4

 
 
 
 
 
 
 
 
Total Loans and Leases
$
32,898.5

$
62.9

$
32.3

$
7.1

$
33,000.8

$
180.1

$
33,180.9

 
 
 
Other Real Estate Owned
 
$
8.2

 
 
 
 
Total Nonperforming Assets
 
$
188.3

 

(In Millions)
CURRENT

30 – 59 DAYS
PAST DUE

60 – 89 DAYS
PAST DUE

90 DAYS
OR MORE
PAST DUE

TOTAL
PERFORMING

NONPERFORMING

TOTAL LOANS
AND LEASES

December 31, 2014
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial and Institutional
$
8,340.5

$
14.5

$
4.0

$
7.9

$
8,366.9

$
15.0

$
8,381.9

Commercial Real Estate
3,274.3

9.6

9.8

2.5

3,296.2

37.1

3,333.3

Lease Financing, net
916.3

—

—

—

916.3

—

916.3

Non-U.S.
1,530.6

—

—

—

1,530.6

—

1,530.6

Other
191.5

—

—

—

191.5

—

191.5

 
 
 
 
 
 
 
 
Total Commercial
14,253.2

24.1

13.8

10.4

14,301.5

52.1

14,353.6

 
 
 
 
 
 
 
 
Personal
 
 
 
 
 
 
 
Residential Real Estate
9,556.3

49.5

9.9

4.5

9,620.2

162.4

9,782.6

Private Client
7,396.0

56.0

5.9

7.8

7,465.7

1.2

7,466.9

Other
37.1

—

—

—

37.1

—

37.1

 
 
 
 
 
 
 
 
Total Personal
16,989.4

105.5

15.8

12.3

17,123.0

163.6

17,286.6

 
 
 
 
 
 
 
 
Total Loans and Leases
$
31,242.6

$
129.6

$
29.6

$
22.7

$
31,424.5

$
215.7

$
31,640.2

 
 
 
Other Real Estate Owned
 
$
16.6

 
 
 
 
Total Nonperforming Assets
 
$
232.3

 
Impaired Loans By Segment and Class
The following tables provide information related to impaired loans by segment and class.

TABLE 62: IMPAIRED LOANS
 
AS OF DECEMBER 31, 2015
AS OF DECEMBER 31, 2014
(In Millions)
RECORDED
INVESTMENT

UNPAID
PRINCIPAL
BALANCE

SPECIFIC
ALLOWANCE

RECORDED
INVESTMENT

UNPAID
PRINCIPAL
BALANCE

SPECIFIC
ALLOWANCE

With no related specific allowance
 
 
 
 
 
 
Commercial and Institutional
$
27.1

$
30.7

$
—

$
9.0

$
12.0

$
—

Commercial Real Estate
17.2

21.2

—

47.0

52.4

—

Lease Financing, net
—

—

—

4.2

4.2

—

Residential Real Estate
99.3

140.7

—

160.9

204.8

—

Private Client
0.2

0.2

—

0.2

0.5

—

With a related specific allowance
 
 
 
 
 
 
Commercial and Institutional
9.3

11.4

1.6

6.5

6.6

2.9

Commercial Real Estate
—

1.4

—

12.2

18.3

2.9

Lease Financing, net
2.7

2.7

1.4

—

—

—

Residential Real Estate
1.5

1.5

0.1

1.4

1.4

0.4

Private Client
—

—

—

0.8

0.8

0.4

Total
 
 
 
 
 
 
Commercial
56.3

67.4

3.0

78.9

93.5

5.8

Personal
101.0

142.4

0.1

163.3

207.5

0.8

 
 
 
 
 
 
 
Total
$
157.3

$
209.8

$
3.1

$
242.2

$
301.0

$
6.6


 
YEAR ENDED DECEMBER 31, 2015
 
YEAR ENDED DECEMBER 31, 2014
 
(In Millions)
AVERAGE
RECORDED
INVESTMENT

INTEREST
INCOME
RECOGNIZED

AVERAGE
RECORDED
INVESTMENT

INTEREST
INCOME
RECOGNIZED

With no related specific allowance
 
 
 
 
Commercial and Institutional
$
14.4

$
—

$
11.3

$
0.1

Commercial Real Estate
31.9

0.5

46.1

1.0

Lease Financing, net
0.9

0.1

4.3

0.2

Residential Real Estate
142.9

1.7

176.7

2.6

Private Client
0.3

—

0.5

—

With a related specific allowance
 
 
 
 
Commercial and Institutional
8.5

—

9.6

—

Commercial Real Estate
6.9

—

18.8

—

Lease Financing, net
2.2

—

—

—

Residential Real Estate
4.4

—

3.3

—

Private Client
0.4

—

0.6

—

Total
 
 
 
 
Commercial
64.8

0.6

90.1

1.3

Personal
148.0

1.7

181.1

2.6

 
 
 
 
 
Total
$
212.8

$
2.3

$
271.2

$
3.9


Note: Average recorded investments in impaired loans are calculated as the average of the month-end impaired loan balances for the period.
Number of Loans and Leases Modified in TDRs and Total Recorded Investments and Unpaid Principal Balances
The following tables provide, by segment and class, the number of loans and leases modified in TDRs during the years ended December 31, 2015, and 2014, and the recorded investments and unpaid principal balances as of December 31, 2015 and 2014.

TABLE 63: TROUBLED DEBT RESTRUCTURINGS
($ In Millions)
NUMBER OF
LOANS AND
LEASES

RECORDED
INVESTMENT

UNPAID
PRINCIPAL
BALANCE

December 31, 2015
 
 
 
Commercial
 
 
 
Commercial and Institutional
3

$
24.6

$
26.1

Commercial Real Estate
4

1.8

2.0

 
 
 
 
Total Commercial
7

26.4

28.1

 
 
 
 
Personal
 
 
 
Residential Real Estate
128

27.9

34.2

Private Client
1

0.6

0.6

 
 
 
 
Total Personal
129

28.5

34.8

 
 
 
 
Total Loans and Leases
136

$
54.9

$
62.9


Note: Period end balances reflect all paydowns and charge-offs during the year.
($ In Millions)
NUMBER OF
LOANS AND
LEASES

RECORDED
INVESTMENT

UNPAID
PRINCIPAL
BALANCE

December 31, 2014
 
 
 
Commercial
 
 
 
Commercial and Institutional
2

$
0.7

$
0.8

Commercial Real Estate
8

3.9

4.8

 
 
 
 
Total Commercial
10

4.6

5.6

 
 
 
 
Personal
 
 
 
Residential Real Estate
124

15.0

17.9

Private Client
4

0.2

0.5

 
 
 
 
Total Personal
128

15.2

18.4

 
 
 
 
Total Loans and Leases
138

$
19.8

$
24.0


Note: Period end balances reflect all paydowns and charge-offs during the year.