Loans and Leases (Tables)

12 Months Ended

Dec. 31, 2012

Amounts Outstanding for Loans and Leases by Segment and Class

Amounts outstanding for loans and leases, by segment and class, are shown below.


	DECEMBER 31,
(In Millions)	2012			2011
Commercial
Commercial and Institutional	$	7,468.5		$	6,918.7
Commercial Real Estate		2,859.8			2,981.7
Lease Financing, net		1,035.0			978.8
Non-U.S.		1,192.3			1,057.5
Other		341.6			417.6

Total Commercial		12,897.2			12,354.3

Personal
Residential Real Estate		10,375.2			10,708.9
Private Client		6,130.1			5,651.4
Other		102.0			349.3

Total Personal		16,607.3			16,709.6
Total Loans and Leases	$	29,504.5		$	29,063.9
Allowance for Credit Losses Assigned to Loans and Leases		(297.9	)		(294.8	)

Net Loans and Leases	$	29,206.6		$	28,769.1

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:


	DECEMBER 31,
(In Millions)	2012			2011
Direct Finance Leases:
Lease Receivable	$	239.2		$	156.3
Residual Value		162.2			149.2
Initial Direct Costs		3.5			2.9
Unearned Income		(43.5	)		(44.1	)

Investment in Direct Finance Leases	$	361.4		$	264.3

Leveraged Leases:
Net Rental Receivable		559.9			326.0
Residual Value		297.9			622.7
Unearned Income		(184.2	)		(234.2	)

Investment in Leveraged Leases	$	673.6		$	714.5

Lease Financing, net	$	1,035.0		$	978.8

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:


(In Millions)	FUTURE MINIMUM LEASE PAYMENTS
2013	$	48.6
2014		45.7
2015		39.5
2016		29.1
2017		26.7

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, 2012 and 2011 are provided below, segregated by borrower ratings into “1 to 3”, “4 to 5”, and “6 to 9” (watch list), categories.


	DECEMBER 31, 2012								DECEMBER 31, 2011
(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	$	4,291.8	$	3,040.6	$	136.1	$	7,468.5	$	3,681.8	$	3,029.1	$	207.8	$	6,918.7
Commercial Real Estate		888.6		1,710.9		260.3		2,859.8		1,247.1		1,467.2		267.4		2,981.7
Lease Financing, net		647.1		382.3		5.6		1,035.0		547.7		422.3		8.8		978.8
Non-U.S.		542.7		646.6		3.0		1,192.3		519.0		527.3		11.2		1,057.5
Other		167.2		174.4		–		341.6		241.4		176.2		–		417.6

Total Commercial		6,537.4		5,954.8		405.0		12,897.2		6,237.0		5,622.1		495.2		12,354.3

Personal
Residential Real Estate		3,003.3		6,868.2		503.7		10,375.2		2,777.1		7,501.0		430.8		10,708.9
Private Client		3,741.3		2,365.4		23.4		6,130.1		3,390.6		2,245.9		14.9		5,651.4
Other		50.0		52.0		–		102.0		162.3		187.0		–		349.3

Total Personal		6,794.6		9,285.6		527.1		16,607.3		6,330.0		9,933.9		445.7		16,709.6

Total Loans and Leases	$	13,332.0	$	15,240.4	$	932.1	$	29,504.5	$	12,567.0	$	15,556.0	$	940.9	$	29,063.9

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, 2012 and 2011.

(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, 2012

Commercial

Commercial and Institutional

7,433.4

6.4

5.5

1.6

7,446.9

21.6

7,468.5

Commercial Real Estate

2,782.0

6.9

13.1

1.4

2,803.4

56.4

2,859.8

Lease Financing, net

1,035.0

–

1,035.0

–

1,035.0

Non-U.S.

1,192.3

–

1,192.3

–

1,192.3

Other

341.6

–

341.6

–

341.6

Total Commercial

12,784.3

13.3

18.6

3.0

12,819.2

78.0

12,897.2

Personal

Residential Real Estate

10,096.3

68.1

25.7

10.5

10,200.6

174.6

10,375.2

Private Client

6,091.3

14.8

16.3

5.5

6,127.9

2.2

6,130.1

Other

102.0

–

102.0

–

102.0

Total Personal

16,289.6

82.9

42.0

16.0

16,430.5

176.8

16,607.3

Total Loans and Leases

29,073.9

96.2

60.6

19.0

29,249.7

254.8

29,504.5

Other Real Estate Owned

20.3

Total Nonperforming Assets

275.1


(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, 2011
Commercial
Commercial and Institutional	$	6,869.2	$	15.0	$	2.7	$	0.5	$	6,887.4	$	31.3	$	6,918.7
Commercial Real Estate		2,878.2		10.8		10.3		2.9		2,902.2		79.5		2,981.7
Lease Financing, net		978.8		–		–		–		978.8		–		978.8
Non-U.S.		1,057.5		–		–		–		1,057.5		–		1,057.5
Other		417.6		–		–		–		417.6		–		417.6

Total Commercial		12,201.3		25.8		13.0		3.4		12,243.5		110.8		12,354.3

Personal
Residential Real Estate		10,428.0		67.7		27.6		8.0		10,531.3		177.6		10,708.9
Private Client		5,623.0		15.7		5.7		1.7		5,646.1		5.3		5,651.4
Other		349.3		–		–		–		349.3		–		349.3

Total Personal		16,400.3		83.4		33.3		9.7		16,526.7		182.9		16,709.6

Total Loans and Leases	$	28,601.6	$	109.2	$	46.3	$	13.1	$	28,770.2	$	293.7	$	29,063.9

						Other Real Estate Owned					$	21.2

						Total Nonperforming Assets					$	314.9

Impaired Loans By Segment and Class

The following tables provide information related to impaired loans by segment and class.

AS OF DECEMBER 31, 2012

AS OF DECEMBER 31, 2011

(In Millions)

RECORDED
INVESTMENT

UNPAID

PRINCIPAL
BALANCE

SPECIFIC
ALLOWANCE

RECORDED
INVESTMENT

UNPAID

PRINCIPAL
BALANCE

SPECIFIC
ALLOWANCE

With no related specific allowance

Commercial and Institutional

15.1

19.3

–

21.4

24.0

–

Commercial Real Estate

64.9

76.9

–

46.5

68.0

–

Lease Financing, net

4.6

–

Residential Real Estate

131.3

165.7

–

134.4

162.6

–

Private Client

0.8

1.0

–

1.6

1.9

–

With a related specific allowance

Commercial and Institutional

8.1

10.2

2.8

11.9

20.5

8.8

Commercial Real Estate

32.3

33.8

8.2

41.4

50.1

14.1

Residential Real Estate

11.8

13.0

6.1

18.9

26.2

8.9

Private Client

0.9

3.3

3.6

1.0

Total

Commercial

125.0

144.8

11.0

121.2

162.6

22.9

Personal

144.8

180.6

7.0

158.2

194.3

9.9

Total

269.8

325.4

18.0

279.4

356.9

32.8

YEAR ENDED DECEMBER 31, 2012

YEAR ENDED DECEMBER 31, 2011

(In Millions)

AVERAGE
RECORDED
INVESTMENT

INTEREST
INCOME
RECOGNIZED

AVERAGE
RECORDED
INVESTMENT

INTEREST
INCOME
RECOGNIZED

With no related specific allowance

Commercial and Institutional

22.7

0.1

18.3

0.1

Commercial Real Estate

51.6

1.2

33.0

0.5

Lease Financing, net

3.8

–

Residential Real Estate

117.3

0.8

111.8

2.1

Private Client

1.6

–

2.2

–

With a related specific allowance

Commercial and Institutional

6.9

–

23.6

–

Commercial Real Estate

23.3

–

59.8

–

Residential Real Estate

14.3

–

9.7

–

Private Client

1.0

–

2.0

–

Total

Commercial

108.3

1.3

134.7

0.6

Personal

134.2

0.8

125.7

2.1

Total

242.5

2.1

260.4

2.7

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, 2012 and 2011, and the recorded investments and unpaid principal balances as of December 31, 2012 and 2011.

($ In Millions)

NUMBER OF
LOANS AND
LEASES

RECORDED
INVESTMENT

UNPAID
PRINCIPAL
BALANCE

December 31, 2012

Commercial

Commercial and Institutional

0.6

1.2

Commercial Real Estate

36.6

39.2

Lease Financing, net

4.7

Total Commercial

41.9

45.1

Personal

Residential Real Estate

116

15.9

22.0

Private Client

0.8

Total Personal

117

16.7

22.8

Total Loans and Leases

134

58.6

67.9

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, 2011 Commercial
Commercial and Institutional		6	$	10.4	$	12.1
Commercial Real Estate		16		34.0		42.6

Total Commercial		22		44.4		54.7

Personal
Residential Real Estate		148		32.6		40.4
Private Client		1		–		–

Total Personal		149		32.6		40.4

Total Loans and Leases		171	$	77.0	$	95.1

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

Number of Loans and Leases Modified in Troubled Debt Restructurings which Became Nonperforming, as well as Total Recorded Investments and Unpaid Principal Balances

The following table provides, by segment and class, the number of loans and leases which had both become nonperforming during the year ended December 31, 2011, and been modified in the proceeding 12-month period, as well as their total recorded investments and unpaid principal balances as of December 31, 2011.


($ In Millions)	NUMBER OF LOANS AND LEASES		RECORDED INVESTMENT		UNPAID PRINCIPAL BALANCE
Commercial
Commercial and Institutional		1	$	–	$	0.4

Total Commercial		1		–		0.4

Personal
Residential Real Estate		8		2.1		2.6
Private Client		1		0.8		1.1

Total Personal		9		2.9		3.7

Total Loans and Leases		10	$	2.9	$	4.1

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

- Definition

Tabular disclosure of troubled debt restructurings in the current period: (1) for each restructuring, the principal changes in terms, the major features of settlement, or both; (2) the aggregate gain (loss) on restructuring of payables; (3) the income tax effect on the gain or loss recognized on the restructuring of payables; (4) the gain (loss) recognized on the restructuring of payables, after the impact of income tax expense or benefit; and (5) the aggregate gain (loss) on transfer of assets recognized during the period, after the impact of income tax expense or benefit.

+ References+ Details