XML 45 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 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 46: LOANS AND LEASES
(In Millions)JUNE 30, 2020DECEMBER 31, 2019
Commercial
Commercial and Institutional$10,745.8  $9,091.1  
Commercial Real Estate3,262.7  3,104.3  
Non-U.S.1,324.8  1,576.3  
Lease Financing, net51.4  65.6  
Other385.1  164.0  
Total Commercial15,769.8  14,001.3  
Personal
Private Client11,621.3  11,071.4  
Residential Real Estate5,942.5  6,095.0  
Non-U.S.369.9  174.8  
Other53.8  67.1  
Total Personal17,987.5  17,408.3  
Total Loans and Leases$33,757.3  $31,409.6  
Borrower Ratings Loan and lease segment and class balances as of June 30, 2020 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. Loans that are held for investment are reported at the principal amount outstanding, net of unearned income.
TABLE 47: CREDIT QUALITY INDICATOR AT AMORTIZED COST BASIS BY ORIGINATION YEAR
June 30, 2020TERM LOANS AND LEASESREVOLVING LOANSREVOLVING LOANS CONVERTED TO TERM LOANS
(In Millions)20202019201820172016PRIORTOTAL
Commercial
Commercial and Institutional
Risk Rating:
1 to 3 Category$288.0  $595.8  $252.4  $209.8  $517.6  $473.4  $4,219.5  $2.1  $6,558.6  
4 to 5 Category366.6  674.9  383.1  494.9  96.7  199.0  1,376.7  51.2  3,643.1  
6 to 9 Category27.8  127.2  45.6  15.6  39.3  20.5  265.9  2.2  544.1  
Total Commercial and Institutional682.4  1,397.9  681.1  720.3  653.6  692.9  5,862.1  55.5  10,745.8  
Commercial Real Estate
Risk Rating:
1 to 3 Category235.7  199.9  65.7  52.8  70.5  157.3  128.7  8.7  919.3  
4 to 5 Category352.3  820.2  330.8  113.1  160.4  396.5  56.9  20.9  2,251.1  
6 to 9 Category 1.3  14.8  3.7  33.7  7.1  31.7  —  —  92.3  
Total Commercial Real Estate589.3  1,034.9  400.2  199.6  238.0  585.5  185.6  29.6  3,262.7  
Non-U.S.
Risk Rating:
1 to 3 Category825.1  21.4  10.0  12.2  —  13.5  34.2  —  916.4  
4 to 5 Category103.1  2.7  1.8  —  —  65.6  37.9  1.8  212.9  
6 to 9 Category1.2  23.1  —  —  —  —  171.2  —  195.5  
Total Non-U.S.929.4  47.2  11.8  12.2  —  79.1  243.3  1.8  1,324.8  
Lease Financing, net
Risk Rating:
1 to 3 Category—  —  —  —  —  39.5  —  —  39.5  
4 to 5 Category—  —  —  —  —  11.9  —  —  11.9  
6 to 9 Category—  —  —  —  —  —  —  —  —  
Total Lease Financing, net—  —  —  —  —  51.4  —  —  51.4  
Other
Risk Rating:
1 to 3 Category123.7  —  —  —  —  —  —  —  123.7  
4 to 5 Category261.4  —  —  —  —  —  —  —  261.4  
6 to 9 Category—  —  —  —  —  —  —  —  —  
Total Other385.1  —  —  —  —  —  —  —  385.1  
Total Commercial2,586.2  2,480.0  1,093.1  932.1  891.6  1,408.9  6,291.0  86.9  15,769.8  
Personal
Private Client
Risk Rating:
1 to 3 Category275.3  442.7  43.9  67.4  27.3  143.7  4,551.9  24.9  5,577.1  
4 to 5 Category332.0  527.1  155.5  64.9  92.8  103.4  4,377.0  284.8  5,937.5  
6 to 9 Category 0.5  7.4  22.8  3.2  0.1  —  64.4  8.3  106.7  
Total Private Client607.8  977.2  222.2  135.5  120.2  247.1  8,993.3  318.0  11,621.3  
Residential Real Estate
Risk Rating:
1 to 3 Category903.6  504.5  91.6  119.4  244.2  798.2  201.6  1.3  2,864.4  
4 to 5 Category460.3  359.1  156.8  214.1  323.7  1,088.1  300.2  4.0  2,906.3  
6 to 9 Category 13.1  11.0  0.9  1.4  2.9  109.3  33.2  —  171.8  
Total Residential Real Estate1,377.0  874.6  249.3  334.9  570.8  1,995.6  535.0  5.3  5,942.5  
Non-U.S.
Risk Rating:
1 to 3 Category9.3  22.1  —  —  —  0.9  61.5  —  93.8  
4 to 5 Category7.2  28.2  13.9  0.5  0.5  9.6  210.9  5.1  275.9  
6 to 9 Category —  —  —  —  —  0.2  —  —  0.2  
Total Non-U.S.16.5  50.3  13.9  0.5  0.5  10.7  272.4  5.1  369.9  
Other
Risk Rating:
1 to 3 Category37.4  —  —  —  —  —  —  —  37.4  
4 to 5 Category16.4  —  —  —  —  —  —  —  16.4  
6 to 9 Category—  —  —  —  —  —  —  —  —  
Total Other53.8  —  —  —  —  —  —  —  53.8  
Total Personal2,055.1  1,902.1  485.4  470.9  691.5  2,253.4  9,800.7  328.4  17,987.5  
Total Loans and Leases$4,641.3  $4,382.1  $1,578.5  $1,403.0  $1,583.1  $3,662.3  $16,091.7  $415.3  $33,757.3  
Delinquency Status
The following table provides balances and delinquency status of accrual and nonaccrual loans and leases by segment and class, as well as the other real estate owned and nonaccrual asset balances, as of June 30, 2020 and December 31, 2019.

TABLE 48: DELINQUENCY STATUS
ACCRUALNONACCRUAL WITH NO ALLOWANCE
(In Millions)CURRENT30 – 59 DAYS
PAST DUE		60 – 89 DAYS
PAST DUE		90 DAYS
OR MORE
PAST DUE		TOTAL ACCRUALNONACCRUALTOTAL LOANS
AND LEASES
June 30, 2020
Commercial
Commercial and Institutional$10,707.2  $3.8  $2.5  $0.6  $10,714.1  $31.7  $10,745.8  $6.9  
Commercial Real Estate3,254.7  0.8  —  4.6  3,260.1  2.6  3,262.7  2.6  
Non-U.S.1,324.8  —  —  —  1,324.8  —  1,324.8  —  
Lease Financing, net51.4  —  —  —  51.4  —  51.4  —  
Other385.1  —  —  —  385.1  —  385.1  —  
Total Commercial15,723.2  4.6  2.5  5.2  15,735.5  34.3  15,769.8  9.5  
Personal
Private Client11,573.4  36.0  5.7  6.2  11,621.3  —  11,621.3  —  
Residential Real Estate5,872.2  0.4  4.3  1.4  5,878.3  64.2  5,942.5  63.8  
Non-U.S.365.6  —  4.3  —  369.9  —  369.9  —  
Other53.8  —  —  —  53.8  —  53.8  —  
Total Personal17,865.0  36.4  14.3  7.6  17,923.3  64.2  17,987.5  63.8  
Total Loans and Leases$33,588.2  $41.0  $16.8  $12.8  $33,658.8  $98.5  $33,757.3  $73.3  
Other Real Estate Owned$0.9  
Total Nonaccrual Assets$99.4  
ACCRUALNONACCRUAL WITH NO ALLOWANCE
(In Millions)CURRENT30 – 59 DAYS
PAST DUE		60 – 89 DAYS
PAST DUE		90 DAYS
OR MORE
PAST DUE		TOTAL ACCRUALNONACCRUALTOTAL 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 Estate3,089.6  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, net65.6  —  —  —  65.6  —  65.6  —  
Other164.0  —  —  —  164.0  —  164.0  —  
Total Commercial13,963.8  6.4  14.0  5.9  13,990.1  11.2  14,001.3  3.2  
Personal
Private Client11,027.9  33.2  9.5  0.3  11,070.9  0.5  11,071.4  0.5  
Residential Real Estate5,997.7  19.8  4.9  1.2  6,023.6  71.4  6,095.0  66.4  
Non-U.S174.1  0.2  —  —  174.3  0.5  174.8  0.5  
Other67.1  —  —  —  67.1  —  67.1  —  
Total Personal17,266.8  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$86.8  
Modified Troubled Debt Restructurings
The following table provides, by segment and class, the number of TDR modifications of loans and leases during the three- and six-month periods ended June 30, 2020 and 2019, and the recorded investments and unpaid principal balances as of June 30, 2020 and 2019.
TABLE 49: TROUBLED DEBT RESTRUCTURINGS
THREE MONTHS ENDED JUNE 30, 2020SIX MONTHS ENDED JUNE 30, 2020
($ In Millions)NUMBER OF
LOANS AND
LEASES		RECORDED
INVESTMENT		UNPAID
PRINCIPAL
BALANCE		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  $25.7  
Note: Period-end balances reflect all paydowns and charge-offs during the period.
THREE MONTHS ENDED JUNE 30, 2019SIX MONTHS ENDED JUNE 30, 2019
($ In Millions)NUMBER OF
LOANS AND
LEASES		RECORDED
INVESTMENT		UNPAID
PRINCIPAL
BALANCE		NUMBER OF
LOANS AND
LEASES		RECORDED
INVESTMENT		UNPAID
PRINCIPAL
BALANCE
Commercial
Commercial and Institutional—  $—  $—  1  $7.6  $8.8  
Commercial Real Estate2  —  —  2  —  —  
Total Commercial2  —  —  3  7.6  8.8  
Personal
Residential Real Estate13  7.7  7.8  26  17.5  17.7  
Total Personal13  7.7  7.8  26  17.5  17.7  
Total Loans and Leases15  $7.7  $7.8  29  $25.1  $26.5  
Note: Period-end balances reflect all paydowns and charge-offs during the period.
Schedule Of Non-Troubled Debt Restructuring Modifications
The following table provides, by segment and class, the number of total COVID-19-related loan modifications including the recorded investment and deferred principal and interest balances as of June 30, 2020, for which Northern Trust applied an exemption from TDR classification.
TABLE 50: COVID-19 LOAN MODIFICATIONS NOT CONSIDERED TDRS
JUNE 30, 2020
($ In Millions)NUMBER OF COVID-19 RELATED MODIFICATIONSLOAN VOLUMEDEFERRED PRINCIPAL AMOUNTDEFERRED INTEREST AMOUNT
Commercial
Commercial and Institutional119  $275.5  $4.3  $1.5  
Commercial Real Estate108  481.6  2.2  2.8  
Total Commercial227  $757.1  $6.5  $4.3  
Personal
Private Client34  $174.8  $1.7  $0.9  
Residential Real Estate522  225.9  1.1  2.2  
Total Personal556  $400.7  $2.8  $3.1  
Total Loans783  $1,157.8  $9.3  $7.4