Loans and Leases (Tables)

12 Months Ended

Dec. 31, 2021

Amounts Outstanding for Loans and Leases by Segment and Class

Amounts outstanding for Loans and Leases, by segment and class, are shown in the following table.

TABLE 67: LOANS AND LEASES


	DECEMBER 31,
(In Millions)	2021		2020
Commercial
Commercial and Institutional	$	11,489.2	$	10,058.3
Commercial Real Estate	4,326.3		3,558.4
Non-U.S.	1,990.2		1,345.7
Lease Financing, net	11.0		11.4
Other	670.7		288.2
Total Commercial	18,487.4		15,262.0
Personal
Private Client	15,256.3		11,815.1
Residential Real Estate	6,319.9		6,035.7
Non-U.S.	381.8		597.9
Other	35.2		49.0
Total Personal	21,993.2		18,497.7
Total Loans and Leases	$	40,480.6	$	33,759.7

Components of Net Investment in Direct Finance and Leveraged Leases

The components of the net investment in leveraged leases is as follows:

TABLE 68: LEVERAGED LEASES


	DECEMBER 31,
(In Millions)	2021		2020
Leveraged Leases
Net Rental Receivable	$	11.4	$	11.8
Residual Value	—		—
Unearned Income	(0.4)		(0.4)
Investment in Leveraged Leases	11.0		11.4
Lease Financing, net	$	11.0	$	11.4

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

TABLE 69: CREDIT QUALITY INDICATOR AT AMORTIZED COST BASIS BY ORIGINATION YEAR


DECEMBER 31, 2021	TERM LOANS AND LEASES												REVOLVING LOANS		REVOLVING LOANS CONVERTED TO TERM LOANS
(In Millions)	2021		2020		2019		2018		2017		PRIOR						TOTAL
Commercial
Commercial and Institutional
Risk Rating:
1 to 3 Category	$	1,057.9	$	469.7	$	313.7	$	156.6	$	48.2	$	535.8	$	4,944.9	$	0.1	$	7,526.9
4 to 5 Category	1,043.6		432.2		377.3		231.6		234.1		190.1		1,219.0		33.1		3,761.0
6 to 9 Category	50.0		20.3		26.8		30.2		9.9		1.9		62.2		—		201.3
Total Commercial and Institutional	2,151.5		922.2		717.8		418.4		292.2		727.8		6,226.1		33.2		11,489.2
Commercial Real Estate
Risk Rating:
1 to 3 Category	485.3		310.2		260.6		60.2		16.8		79.3		67.5		2.9		1,282.8
4 to 5 Category	967.9		638.1		460.1		223.0		81.4		364.1		182.3		20.5		2,937.4
6 to 9 Category	24.5		—		50.6		—		20.0		8.5		2.5		—		106.1
Total Commercial Real Estate	1,477.7		948.3		771.3		283.2		118.2		451.9		252.3		23.4		4,326.3
Non-U.S.
Risk Rating:
1 to 3 Category	824.1		68.9		38.4		—		9.1		—		582.0		—		1,522.5
4 to 5 Category	160.2		—		—		1.9		—		191.1		73.3		1.8		428.3
6 to 9 Category	2.9		—		23.1		—		—		—		13.4		—		39.4
Total Non-U.S.	987.2		68.9		61.5		1.9		9.1		191.1		668.7		1.8		1,990.2
Lease Financing, net
Risk Rating:
4 to 5 Category	—		—		—		—		—		11.0		—		—		11.0
Total Lease Financing, net	—		—		—		—		—		11.0		—		—		11.0
Other
Risk Rating:
1 to 3 Category	551.5		—		—		—		—		—		—		—		551.5
4 to 5 Category	119.2		—		—		—		—		—		—		—		119.2
Total Other	670.7		—		—		—		—		—		—		—		670.7
Total Commercial	5,287.1		1,939.4		1,550.6		703.5		419.5		1,381.8		7,147.1		58.4		18,487.4
Personal
Private Client
Risk Rating:
1 to 3 Category	455.5		97.9		87.0		14.9		38.3		129.8		7,592.8		44.7		8,460.9
4 to 5 Category	579.2		333.9		519.3		81.0		54.8		39.9		4,979.8		178.3		6,766.2
6 to 9 Category	7.1		0.2		—		20.4		—		—		1.5		—		29.2
Total Private Client	1,041.8		432.0		606.3		116.3		93.1		169.7		12,574.1		223.0		15,256.3
Residential Real Estate
Risk Rating:
1 to 3 Category	1,137.8		996.4		201.8		13.5		49.3		505.8		161.5		—		3,066.1
4 to 5 Category	1,137.3		1,002.5		242.7		79.5		113.3		369.8		218.1		2.2		3,165.4
6 to 9 Category	0.4		10.5		5.4		8.4		0.5		58.2		5.0		—		88.4
Total Residential Real Estate	2,275.5		2,009.4		449.9		101.4		163.1		933.8		384.6		2.2		6,319.9
Non-U.S.
Risk Rating:
1 to 3 Category	27.6		—		1.2		—		—		1.0		44.1		—		73.9
4 to 5 Category	36.1		1.9		18.7		10.4		—		3.8		229.0		7.8		307.7
6 to 9 Category	—		—		—		—		—		0.2		—		—		0.2
Total Non-U.S.	63.7		1.9		19.9		10.4		—		5.0		273.1		7.8		381.8
Other
Risk Rating:
1 to 3 Category	13.4		—		—		—		—		—		—		—		13.4
4 to 5 Category	21.8		—		—		—		—		—		—		—		21.8
Total Other	35.2		—		—		—		—		—		—		—		35.2
Total Personal	3,416.2		2,443.3		1,076.1		228.1		256.2		1,108.5		13,231.8		233.0		21,993.2
Total Loans and Leases	$	8,703.3	$	4,382.7	$	2,626.7	$	931.6	$	675.7	$	2,490.3	$	20,378.9	$	291.4	$	40,480.6

Impaired Loans By Segment and Class

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 December 31, 2021 and 2020.

TABLE 70: 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
December 31, 2021
Commercial
Commercial and Institutional	$	11,434.7	$	32.5	$	2.1	$	0.4	$	11,469.7	$	19.5	$	11,489.2	$	8.8
Commercial Real Estate	4,256.6		3.1		—		—		4,259.7		66.6		4,326.3		52.3
Non-U.S.	1,990.2		—		—		—		1,990.2		—		1,990.2		—
Lease Financing, net	11.0		—		—		—		11.0		—		11.0		—
Other	670.7		—		—		—		670.7		—		670.7		—
Total Commercial	18,363.2		35.6		2.1		0.4		18,401.3		86.1		18,487.4		61.1
Personal
Private Client	14,927.3		229.5		71.8		27.7		15,256.3		—		15,256.3		—
Residential Real Estate	6,273.2		7.0		3.3		0.2		6,283.7		36.2		6,319.9		36.2
Non-U.S.	381.6		0.2		—		—		381.8		—		381.8		—
Other	35.2		—		—		—		35.2		—		35.2		—
Total Personal	21,617.3		236.7		75.1		27.9		21,957.0		36.2		21,993.2		36.2
Total Loans and Leases	$	39,980.5	$	272.3	$	77.2	$	28.3	$	40,358.3	$	122.3	$	40,480.6	$	97.3
					Other Real Estate Owned						$	3.0
					Total Nonaccrual Assets						$	125.3


	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, 2020
Commercial
Commercial and Institutional	$	9,877.0	$	153.7	$	1.2	$	—	$	10,031.9	$	26.4	$	10,058.3	$	9.1
Commercial Real Estate	3,516.2		2.0		—		—		3,518.2		40.2		3,558.4		32.3
Non-U.S.	1,345.7		—		—		—		1,345.7		—		1,345.7		—
Lease Financing, net	11.4		—		—		—		11.4		—		11.4		—
Other	288.2		—		—		—		288.2		—		288.2		—
Total Commercial	15,038.5		155.7		1.2		—		15,195.4		66.6		15,262.0		41.4
Personal
Private Client	11,765.4		29.1		9.9		7.8		11,812.2		2.9		11,815.1		2.9
Residential Real Estate	5,946.0		23.5		2.9		1.1		5,973.5		62.2		6,035.7		53.8
Non-U.S	596.7		1.2		—		—		597.9		—		597.9		—
Other	49.0		—		—		—		49.0		—		49.0		—
Total Personal	18,357.1		53.8		12.8		8.9		18,432.6		65.1		18,497.7		56.7
Total Loans and Leases	$	33,395.6	$	209.5	$	14.0	$	8.9	$	33,628.0	$	131.7	$	33,759.7	$	98.1
					Other Real Estate Owned						$	0.7
					Total Nonaccrual Assets						$	132.4

Number of Loans and Leases Modified in TDRs and Total Recorded Investments and Unpaid Principal Balances

The following table provides, by segment and class, the number of TDR modifications of loans and leases during the years ended December 31, 2021, and 2020, and the recorded investments and unpaid principal balances as of December 31, 2021 and 2020.

TABLE 71: TROUBLED DEBT RESTRUCTURINGS


($ In Millions)	NUMBER OF LOANS AND LEASES	RECORDED INVESTMENT		UNPAID PRINCIPAL BALANCE
December 31, 2021
Commercial
Commercial and Institutional	6	$	19.6	$	19.6
Commercial Real Estate	3	36.0		42.4
Total Commercial	9	55.6		62.0
Personal
Residential Real Estate	10	1.3		1.5
Total Personal	10	1.3		1.5
Total Loans and Leases	19	$	56.9	$	63.5

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, 2020
Commercial
Commercial and Institutional	3	$	24.3	$	24.5
Total Commercial	3	24.3		24.5
Personal
Residential Real Estate	22	16.2		16.7
Total Personal	22	16.2		16.7
Total Loans and Leases	25	$	40.5	$	41.2

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

Schedule Of Non-Troubled Debt Restructuring Modifications

The following provides the number of total COVID-19-related loan modifications including the loan volume and deferred principal and interest balances as of December 31, 2021, for which Northern Trust applied an exemption from TDR classification that are in active deferral (loans currently in the deferral period) or completed deferral (loans that returned to their regular payment schedule). As of December 31, 2021, there were three residential real estate COVID-19-related loan modifications in active deferral status which totaled $2.0 million, with immaterial deferred principal and interest.

TABLE 72: COVID-19 LOAN MODIFICATIONS NOT CONSIDERED TDRS THAT HAVE COMPLETED DEFERRAL


	DECEMBER 31, 2021
($ In Millions)	NUMBER OF COVID-19 RELATED MODIFICATIONS	LOAN VOLUME		DEFERRED PRINCIPAL AMOUNT		DEFERRED INTEREST AMOUNT
Commercial
Commercial and Institutional	73	$	199.8	$	0.1	$	1.6
Commercial Real Estate	80	390.7		—		2.4
Total Commercial	153	$	590.5	$	0.1	$	4.0

Personal
Private Client	29	$	143.1	$	—	$	1.0
Residential Real Estate	208	102.0		1.1		1.3
Total Personal	237	$	245.1	$	1.1	$	2.3
Total Loans	390	$	835.6	$	1.2	$	6.3