Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Loans and Leases

Amounts outstanding for loans and leases, by segment and class, are shown in the following table. During the first quarter of 2020, the Corporation implemented a change in the classification of certain loans and leases to specific segments to enhance the consistency of its reporting across various regulatory regimes. As a result, the loan and lease balances as of December 31, 2019 below have been adjusted to conform to the presentation for periods ended after such date. The adjustments generally reflected reclassification of loans from the commercial real estate class to commercial and institutional, residential real estate, and private client classes. There was no impact on total loans and leases previously reported.

TABLE 40: LOANS AND LEASES

(In Millions)	MARCH 31, 2020		DECEMBER 31, 2019
Commercial
Commercial and Institutional	$	12,327.3	$	9,091.1
Commercial Real Estate	3,085.2		3,104.3
Non-U.S.	3,923.0		1,576.3
Lease Financing, net	64.8		65.6
Other	336.5		164.0
Total Commercial	19,736.8		14,001.3
Personal
Private Client	11,609.9		11,071.4
Residential Real Estate	6,074.3		6,095.0
Non-U.S.	346.9		174.8
Other	69.8		67.1
Total Personal	18,100.9		17,408.3
Total Loans and Leases	$	37,837.7	$	31,409.6

Borrower Ratings

Loan and lease segment and class balances as of March 31, 2020 and December 31, 2019 are provided in the following table, segregated by borrower ratings into “1 to 3,” “4 to 5” and “6 to 9” (watch list and nonaccrual status) categories by year of origination at amortized cost basis.

TABLE 41: CREDIT QUALITY INDICATOR AT AMORTIZED COST BASIS BY ORIGINATION YEAR

March 31, 2020	TERM LOANS AND LEASES												REVOLVING LOANS		REVOLVING LOANS CONVERTED TO TERM LOANS
(In Millions)	2020		2019		2018		2017		2016		PRIOR						TOTAL
Commercial
Commercial and Institutional
Risk Rating:
1 to 3 Category	$	151.0	$	787.4	$	340.4	$	287.4	$	533.0	$	509.2	$	5,880.6	$	4.9	$	8,493.9
4 to 5 Category	137.7		668.7		370.5		449.0		120.2		203.8		1,676.4		51.1		3,677.4
6 to 9 Category	23.9		11.8		9.0		9.4		19.4		6.1		74.0		2.4		156.0
Total Commercial and Institutional	312.6		1,467.9		719.9		745.8		672.6		719.1		7,631.0		58.4		12,327.3
Commercial Real Estate
Risk Rating:
1 to 3 Category	121.0		285.9		100.5		61.2		100.5		170.7		106.6		6.1		952.5
4 to 5 Category	166.3		749.8		343.9		154.3		168.0		454.2		66.0		20.1		2,122.6
6 to 9 Category	2.2		—		—		4.4		3.0		0.5		—		—		10.1
Total Commercial Real Estate	289.5		1,035.7		444.4		219.9		271.5		625.4		172.6		26.2		3,085.2
Non-U.S.
Risk Rating:
1 to 3 Category	2,488.3		12.2		10.0		5.6		—		13.5		169.1		—		2,698.7
4 to 5 Category	905.6		5.9		1.9		6.7		—		70.9		38.6		1.8		1,031.4
6 to 9 Category	1.4		23.1		—		—		—		—		168.4		—		192.9
Total Non-U.S.	3,395.3		41.2		11.9		12.3		—		84.4		376.1		1.8		3,923.0
Lease Financing, net
Risk Rating:
1 to 3 Category	—		—		—		—		—		52.8		—		—		52.8
4 to 5 Category	—		—		—		—		—		12.0		—		—		12.0
6 to 9 Category	—		—		—		—		—		—		—		—		—
Total Lease Financing, net	—		—		—		—		—		64.8		—		—		64.8
Other
Risk Rating:
1 to 3 Category	117.4		—		—		—		—		—		—		—		117.4
4 to 5 Category	219.1		—		—		—		—		—		—		—		219.1
6 to 9 Category	—		—		—		—		—		—		—		—		—
Total Other	336.5		—		—		—		—		—		—		—		336.5
Total Commercial	4,333.9		2,544.8		1,176.2		978.0		944.1		1,493.7		8,179.7		86.4		19,736.8
Personal
Private Client
Risk Rating:
1 to 3 Category	131.1		486.6		75.1		126.9		38.9		150.2		4,965.0		20.9		5,994.7
4 to 5 Category	50.4		531.2		259.6		171.5		97.5		103.7		4,076.9		243.2		5,534.0
6 to 9 Category	—		0.6		23.2		—		0.1		—		47.0		10.3		81.2
Total Private Client	181.5		1,018.4		357.9		298.4		136.5		253.9		9,088.9		274.4		11,609.9
Residential Real Estate
Risk Rating:
1 to 3 Category	222.8		801.7		112.6		156.3		244.7		942.8		228.8		1.3		2,711.0
4 to 5 Category	122.4		441.7		229.0		248.9		417.5		1,397.2		330.8		4.0		3,191.5
6 to 9 Category	0.3		11.3		10.4		0.6		3.0		124.2		22.0		—		171.8
Total Residential Real Estate	345.5		1,254.7		352.0		405.8		665.2		2,464.2		581.6		5.3		6,074.3
Non-U.S.
Risk Rating:
1 to 3 Category	2.2		41.5		—		—		—		2.0		58.4		—		104.1
4 to 5 Category	—		19.1		14.0		0.6		0.5		9.6		193.0		5.1		241.9
6 to 9 Category	—		—		—		—		—		0.6		0.3		—		0.9
Total Non-U.S.	2.2		60.6		14.0		0.6		0.5		12.2		251.7		5.1		346.9
Other
Risk Rating:
1 to 3 Category	36.5		—		—		—		—		—		—		—		36.5
4 to 5 Category	33.3		—		—		—		—		—		—		—		33.3
6 to 9 Category	—		—		—		—		—		—		—		—		—
Total Other	69.8		—		—		—		—		—		—		—		69.8
Total Personal	599.0		2,333.7		723.9		704.8		802.2		2,730.3		9,922.2		284.8		18,100.9
Total Loans and Leases	$	4,932.9	$	4,878.5	$	1,900.1	$	1,682.8	$	1,746.3	$	4,224.0	$	18,101.9	$	371.2	$	37,837.7

Delinquency Status

as of March 31, 2020 and December 31, 2019.

TABLE 42: DELINQUENCY STATUS

	ACCRUAL														NONACCRUAL WITH NO ALLOWANCE
(In Millions)	CURRENT		30 – 59 DAYS PAST DUE		60 – 89 DAYS PAST DUE		90 DAYS OR MORE PAST DUE		TOTAL ACCRUAL		NONACCRUAL		TOTAL LOANS AND LEASES
March 31, 2020
Commercial
Commercial and Institutional	$	12,216.7	$	71.3	$	5.4	$	1.0	$	12,294.4	$	32.9	$	12,327.3	$	17.9
Commercial Real Estate	3,069.3		8.5		—		4.7		3,082.5		2.7		3,085.2		2.7
Non-U.S.	3,923.0		—		—		—		3,923.0		—		3,923.0		—
Lease Financing, net	64.8		—		—		—		64.8		—		64.8		—
Other	336.5		—		—		—		336.5		—		336.5		—
Total Commercial	19,610.3		79.8		5.4		5.7		19,701.2		35.6		19,736.8		20.6
Personal
Private Client	11,522.5		77.3		8.4		1.2		11,609.4		0.5		11,609.9		0.5
Residential Real Estate	5,974.1		31.9		0.8		0.2		6,007.0		67.3		6,074.3		63.7
Non-U.S.	341.3		5.1		—		—		346.4		0.5		346.9		0.5
Other	69.8		—		—		—		69.8		—		69.8		—
Total Personal	17,907.7		114.3		9.2		1.4		18,032.6		68.3		18,100.9		64.7
Total Loans and Leases	$	37,518.0	$	194.1	$	14.6	$	7.1	$	37,733.8	$	103.9	$	37,837.7	$	85.3
	Other Real Estate Owned										$	1.6
	Total Nonaccrual Assets										$	105.5

	ACCRUAL														NONACCRUAL WITH NO ALLOWANCE
(In Millions)	CURRENT		30 – 59 DAYS PAST DUE		60 – 89 DAYS PAST DUE		90 DAYS OR MORE PAST DUE		TOTAL ACCRUAL		NONACCRUAL		TOTAL LOANS AND LEASES
December 31, 2019
Commercial
Commercial and Institutional	$	9,068.3	$	4.1	$	9.9	$	1.2	$	9,083.5	$	7.6	$	9,091.1	$	0.8
Commercial Real Estate	3,089.6		2.3		4.1		4.7		3,100.7		3.6		3,104.3		2.4
Non-U.S.	1,576.3		—		—		—		1,576.3		—		1,576.3		—
Lease Financing, net	65.6		—		—		—		65.6		—		65.6		—
Other	164.0		—		—		—		164.0		—		164.0		—
Total Commercial	13,963.8		6.4		14.0		5.9		13,990.1		11.2		14,001.3		3.2
Personal
Private Client	11,027.9		33.2		9.5		0.3		11,070.9		0.5		11,071.4		0.5
Residential Real Estate	5,997.7		19.8		4.9		1.2		6,023.6		71.4		6,095.0		66.4
Non-U.S	174.1		0.2		—		—		174.3		0.5		174.8		0.5
Other	67.1		—		—		—		67.1		—		67.1		—
Total Personal	17,266.8		53.2		14.4		1.5		17,335.9		72.4		17,408.3		67.4
Total Loans and Leases	$	31,230.6	$	59.6	$	28.4	$	7.4	$	31,326.0	$	83.6	$	31,409.6	$	70.6
	Other Real Estate Owned										$	3.2
	Total Nonaccrual Assets										$	86.8

Modified Troubled Debt Restructurings

The following table provides, by segment and class, the number of TDR modifications of loans and leases during the three-month periods ended March 31, 2020 and 2019, and the recorded investments and unpaid principal balances as of March 31, 2020 and 2019.

TABLE 43: TROUBLED DEBT RESTRUCTURINGS

	THREE MONTHS ENDED MARCH 31, 2020
($ In Millions)	NUMBER OF LOANS AND LEASES	RECORDED INVESTMENT		UNPAID PRINCIPAL BALANCE
Commercial
Commercial and Institutional	2	$	24.3	$	24.5
Total Commercial	2	24.3		24.5
Personal
Residential Real Estate	6	1.0		1.2
Total Personal	6	1.0		1.2
Total Loans and Leases	8	$	25.3	$	25.7

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

	THREE MONTHS ENDED MARCH 31, 2019
($ In Millions)	NUMBER OF LOANS AND LEASES	RECORDED INVESTMENT		UNPAID PRINCIPAL BALANCE
Commercial
Commercial and Institutional	1	$	7.6	$	8.8
Total Commercial	1	7.6		8.8
Personal
Residential Real Estate	13	9.8		9.9
Total Personal	13	9.8		9.9
Total Loans and Leases	14	$	17.4	$	18.7

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