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Loans and Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Loans and Leases
Amounts outstanding for Loans and Leases, by segment and class, are shown in the following table.
TABLE 41: LOANS AND LEASES
(In Millions)MARCH 31, 2022DECEMBER 31, 2021
Commercial
Commercial and Institutional$11,756.6 $11,489.2 
Commercial Real Estate4,295.2 4,326.3 
Non-U.S.2,655.0 1,990.2 
Lease Financing, net11.0 11.0 
Other506.9 670.7 
Total Commercial19,224.7 18,487.4 
Personal
Private Client13,280.5 15,256.3 
Residential Real Estate6,220.2 6,319.9 
Non-U.S.496.6 381.8 
Other17.1 35.2 
Total Personal20,014.4 21,993.2 
Total Loans and Leases$39,239.1 $40,480.6 
Borrower Ratings Loan and lease segment and class balances as of March 31, 2022 and December 31, 2021 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 42: CREDIT QUALITY INDICATOR AT AMORTIZED COST BASIS BY ORIGINATION YEAR
March 31, 2022TERM LOANS AND LEASESREVOLVING LOANSREVOLVING LOANS CONVERTED TO TERM LOANS
(In Millions)20222021202020192018PRIORTOTAL
Commercial
Commercial and Institutional
Risk Rating:
1 to 3 Category$268.0 $796.2 $286.6 $237.5 $84.7 $582.1 $5,285.9 $0.1 $7,541.1 
4 to 5 Category160.5 1,190.6 401.3 395.8 155.3 484.3 1,248.6 32.7 4,069.1 
6 to 9 Category— 26.7 — 42.4 26.3 11.4 39.6 — 146.4 
Total Commercial and Institutional428.5 2,013.5 687.9 675.7 266.3 1,077.8 6,574.1 32.8 11,756.6 
Commercial Real Estate
Risk Rating:
1 to 3 Category81.8 511.5 304.6 257.8 54.3 103.5 62.5 2.2 1,378.2 
4 to 5 Category74.3 870.0 598.8 482.8 205.7 421.7 169.2 21.1 2,843.6 
6 to 9 Category 7.9 11.5 — 50.4 — 1.1 2.5 — 73.4 
Total Commercial Real Estate164.0 1,393.0 903.4 791.0 260.0 526.3 234.2 23.3 4,295.2 
Non-U.S.
Risk Rating:
1 to 3 Category988.4 63.3 164.9 18.9 — 8.9 657.3 — 1,901.7 
4 to 5 Category263.3 50.2 — — — 301.2 72.8 1.8 689.3 
6 to 9 Category23.5 — — 23.1 — — 17.4 — 64.0 
Total Non-U.S.1,275.2 113.5 164.9 42.0 — 310.1 747.5 1.8 2,655.0 
Lease Financing, net
Risk Rating:
6 to 9 Category— — — — — 11.0 — — 11.0 
Total Lease Financing, net— — — — — 11.0 — — 11.0 
Other
Risk Rating:
1 to 3 Category363.2 — — — — — — — 363.2 
4 to 5 Category143.7 — — — — — — — 143.7 
Total Other506.9 — — — — — — — 506.9 
Total Commercial2,374.6 3,520.0 1,756.2 1,508.7 526.3 1,925.2 7,555.8 57.9 19,224.7 
Personal
Private Client
Risk Rating:
1 to 3 Category113.2 376.9 87.7 17.5 69.1 186.4 5,538.8 30.1 6,419.7 
4 to 5 Category46.5 697.3 313.0 434.7 175.3 73.7 4,871.2 200.8 6,812.5 
6 to 9 Category — 1.0 0.2 — 19.9 — 27.2 — 48.3 
Total Private Client159.7 1,075.2 400.9 452.2 264.3 260.1 10,437.2 230.9 13,280.5 
Residential Real Estate
Risk Rating:
1 to 3 Category294.8 945.7 574.5 209.4 104.0 835.0 132.5 — 3,095.9 
4 to 5 Category87.5 476.8 681.8 305.4 189.2 1,074.2 237.4 2.2 3,054.5 
6 to 9 Category — 7.0 1.4 6.3 1.6 51.6 1.9 — 69.8 
Total Residential Real Estate382.3 1,429.5 1,257.7 521.1 294.8 1,960.8 371.8 2.2 6,220.2 
Non-U.S.
Risk Rating:
1 to 3 Category— 16.3 — 2.4 4.5 1.0 124.2 — 148.4 
4 to 5 Category2.1 36.6 — 20.2 13.7 36.5 231.1 7.8 348.0 
6 to 9 Category — — — — — 0.2 — — 0.2 
Total Non-U.S.2.1 52.9 — 22.6 18.2 37.7 355.3 7.8 496.6 
Other
Risk Rating:
1 to 3 Category10.0 — — — — — — — 10.0 
4 to 5 Category7.1 — — — — — — — 7.1 
Total Other17.1 — — — — — — — 17.1 
Total Personal561.2 2,557.6 1,658.6 995.9 577.3 2,258.6 11,164.3 240.9 20,014.4 
Total Loans and Leases$2,935.8 $6,077.6 $3,414.8 $2,504.6 $1,103.6 $4,183.8 $18,720.1 $298.8 $39,239.1 
The prior period table below has been updated to conform to the current period methodology.
December 31, 2021TERM LOANS AND LEASESREVOLVING LOANSREVOLVING LOANS CONVERTED TO TERM LOANS
(In Millions)20212020201920182017PRIORTOTAL
Commercial
Commercial and Institutional
Risk Rating:
1 to 3 Category$1,042.0 $310.2 $468.9 $163.9 $55.4 $541.6 $4,946.0 $0.1 $7,528.1 
4 to 5 Category993.4 441.7 406.7 193.6 243.3 230.2 1,217.8 33.1 3,759.8 
6 to 9 Category44.0 6.0 47.1 30.2 9.9 1.9 62.2 — 201.3 
Total Commercial and Institutional2,079.4 757.9 922.7 387.7 308.6 773.7 6,226.0 33.2 11,489.2 
Commercial Real Estate
Risk Rating:
1 to 3 Category472.0 298.7 279.8 65.8 16.6 79.5 67.5 2.9 1,282.8 
4 to 5 Category912.7 644.8 491.5 205.4 89.6 390.6 182.3 20.5 2,937.4 
6 to 9 Category 50.1 — 50.6 — — 2.9 2.5 — 106.1 
Total Commercial Real Estate1,434.8 943.5 821.9 271.2 106.2 473.0 252.3 23.4 4,326.3 
Non-U.S.
Risk Rating:
1 to 3 Category816.5 68.9 38.4 — 9.1 — 582.0 — 1,514.9 
4 to 5 Category167.0 — — 1.9 — 191.9 73.3 1.8 435.9 
6 to 9 Category2.9 — 23.1 — — — 13.4 — 39.4 
Total Non-U.S.986.4 68.9 61.5 1.9 9.1 191.9 668.7 1.8 1,990.2 
Lease Financing, net
Risk Rating:
6 to 9 Category— — — — — 11.0 — — 11.0 
Total Lease Financing, net— — — — — 11.0 — — 11.0 
Other
Risk Rating:
1 to 3 Category551.5 — — — — — — — 551.5 
4 to 5 Category119.2 — — — — — — — 119.2 
Total Other670.7 — — — — — — — 670.7 
Total Commercial5,171.3 1,770.3 1,806.1 660.8 423.9 1,449.6 7,147.0 58.4 18,487.4 
Personal
Private Client
Risk Rating:
1 to 3 Category432.5 116.6 90.3 14.9 39.3 129.8 7,592.8 44.7 8,460.9 
4 to 5 Category567.8 335.2 396.9 213.3 55.0 39.9 4,979.8 178.3 6,766.2 
6 to 9 Category 1.9 2.4 3.0 20.4 — — 1.5 — 29.2 
Total Private Client1,002.2 454.2 490.2 248.6 94.3 169.7 12,574.1 223.0 15,256.3 
Residential Real Estate
Risk Rating:
1 to 3 Category1,018.1 660.3 213.0 110.4 139.8 763.1 161.5 — 3,066.2 
4 to 5 Category434.0 676.6 325.5 190.9 172.1 1,145.9 218.1 2.2 3,165.3 
6 to 9 Category 0.3 9.9 6.5 5.3 6.3 55.1 5.0 — 88.4 
Total Residential Real Estate1,452.4 1,346.8 545.0 306.6 318.2 1,964.1 384.6 2.2 6,319.9 
Non-U.S.
Risk Rating:
1 to 3 Category27.5 — 1.2 — — 1.0 44.1 — 73.8 
4 to 5 Category36.1 — 20.6 10.4 — 3.8 229.1 7.8 307.8 
6 to 9 Category — — — — — 0.2 — — 0.2 
Total Non-U.S.63.6 — 21.8 10.4 — 5.0 273.2 7.8 381.8 
Other
Risk Rating:
1 to 3 Category13.4 — — — — — — — 13.4 
4 to 5 Category21.8 — — — — — — — 21.8 
Total Other35.2 — — — — — — — 35.2 
Total Personal2,553.4 1,801.0 1,057.0 565.6 412.5 2,138.8 13,231.9 233.0 21,993.2 
Total Loans and Leases$7,724.7 $3,571.3 $2,863.1 $1,226.4 $836.4 $3,588.4 $20,378.9 $291.4 $40,480.6 
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 March 31, 2022 and December 31, 2021.
TABLE 43: 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
March 31, 2022
Commercial
Commercial and Institutional$11,705.7 $28.9 $3.5 $0.2 $11,738.3 $18.3 $11,756.6 $3.5 
Commercial Real Estate4,226.5 22.2 — — 4,248.7 46.5 4,295.2 36.0 
Non-U.S.2,655.0 — — — 2,655.0 — 2,655.0 — 
Lease Financing, net— — — — — 11.0 11.0 — 
Other506.9 — — — 506.9 — 506.9 — 
Total Commercial19,094.1 51.1 3.5 0.2 19,148.9 75.8 19,224.7 39.5 
Personal
Private Client12,978.3 185.3 21.1 95.8 13,280.5 — 13,280.5 — 
Residential Real Estate6,176.7 8.1 0.4 10.0 6,195.2 25.0 6,220.2 25.0 
Non-U.S.495.5 1.1 — — 496.6 — 496.6 — 
Other17.1 — — — 17.1 — 17.1 — 
Total Personal19,667.6 194.5 21.5 105.8 19,989.4 25.0 20,014.4 25.0 
Total Loans and Leases$38,761.7 $245.6 $25.0 $106.0 $39,138.3 $100.8 $39,239.1 $64.5 
Other Real Estate Owned$0.2 
Total Nonaccrual Assets$101.0 
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, 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 Estate4,256.6 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, net11.0 — — — 11.0 — 11.0 — 
Other670.7 — — — 670.7 — 670.7 — 
Total Commercial18,363.2 35.6 2.1 0.4 18,401.3 86.1 18,487.4 61.1 
Personal
Private Client14,927.3 229.5 71.8 27.7 15,256.3 — 15,256.3 — 
Residential Real Estate6,273.2 7.0 3.3 0.2 6,283.7 36.2 6,319.9 36.2 
Non-U.S381.6 0.2 — — 381.8 — 381.8 — 
Other35.2 — — — 35.2 — 35.2 — 
Total Personal21,617.3 236.7 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$125.3 
Modified Troubled Debt Restructurings
The following table provides, by segment and class, the number of TDR modifications of loans and leases during the three months ended March 31, 2022 and 2021, and the recorded investments and unpaid principal balances as of March 31, 2022 and 2021.
TABLE 44: TROUBLED DEBT RESTRUCTURINGS
THREE MONTHS ENDED MARCH 31, 2022
($ In Millions)NUMBER OF
LOANS AND
LEASES		RECORDED
INVESTMENT		UNPAID
PRINCIPAL
BALANCE
Commercial
Commercial and Institutional1 $0.5 $0.5 
Total Commercial1 0.5 0.5 
Personal
Residential Real Estate2 0.1 0.1 
Total Personal2 0.1 0.1 
Total Loans and Leases3 $0.6 $0.6 
Note: Period-end balances reflect all pay downs and charge-offs during the period.
THREE MONTHS ENDED MARCH 31, 2021
($ In Millions)NUMBER OF
LOANS AND
LEASES		RECORDED
INVESTMENT		UNPAID
PRINCIPAL
BALANCE
Commercial
Commercial and Institutional6 $19.6 $19.6 
Commercial Real Estate1 21.4 23.3 
Total Commercial7 41.0 42.9 
Personal
Residential Real Estate2 0.2 0.3 
Total Personal2 0.2 0.3 
Total Loans and Leases9 $41.2 $43.2 
Note: Period-end balances reflect all pay downs and charge-offs during the period.
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 March 31, 2022 and 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 March 31, 2022, there were no COVID-19-related loan modifications in active deferral status. As of December 31, 2021, there were three residential real estate COVID-19-related loan modifications in active deferral status which totaled $2.0 million, with immaterial deferred principal and interest.
TABLE 45: COVID-19 LOAN MODIFICATIONS NOT CONSIDERED TDRS THAT HAVE COMPLETED DEFERRAL
MARCH 31, 2022
($ In Millions)NUMBER OF COVID-19 RELATED MODIFICATIONSLOAN VOLUMEDEFERRED PRINCIPAL AMOUNTDEFERRED INTEREST AMOUNT
Commercial
Commercial and Institutional62 $148.6 $— $1.1 
Commercial Real Estate74 351.0 — 2.3 
Total Commercial136 $499.6 $— $3.4 
Personal
Private Client22 $116.9 $— $0.8 
Residential Real Estate198 91.0 1.0 1.2 
Total Personal220 $207.9 $1.0 $2.0 
Total Loans356 $707.5 $1.0 $5.4 
DECEMBER 31, 2021
($ In Millions)NUMBER OF COVID-19 RELATED MODIFICATIONSLOAN VOLUMEDEFERRED PRINCIPAL AMOUNTDEFERRED INTEREST AMOUNT
Commercial
Commercial and Institutional73 $199.8 $0.1 $1.6 
Commercial Real Estate80 390.7 — 2.4 
Total Commercial153 $590.5 $0.1 $4.0 
Personal
Private Client29 $143.1 $— $1.0 
Residential Real Estate208 102.0 1.1 1.3 
Total Personal237 $245.1 $1.1 $2.3 
Total Loans390 $835.6 $1.2 $6.3