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Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Amounts Outstanding for Loans and Leases by Segment and Class
Amounts outstanding for loans and leases, by segment and class, are shown below.

TABLE 61: LOANS AND LEASES
 
                      DECEMBER 31,
(In Millions)
2018

2017

Commercial
 
 
Commercial and Institutional
$
8,728.1

$
9,042.2

Commercial Real Estate
3,228.8

3,482.7

Non-U.S.
2,701.6

1,538.5

Lease Financing, net
90.7

229.2

Other
426.0

265.4

 
 
 
Total Commercial
15,175.2

14,558.0

 
 
 
Personal
 
 
Private Client
10,733.3

10,753.1

Residential Real Estate
6,514.0

7,247.6

Other
67.5

33.5

 
 
 
Total Personal
17,314.8

18,034.2

 
 
 
Total Loans and Leases
$
32,490.0

$
32,592.2

Allowance for Credit Losses Assigned to Loans and Leases
(112.6
)
(131.2
)
 
 
 
Net Loans and Leases
$
32,377.4

$
32,461.0
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:

TABLE 62: DIRECT FINANCE AND LEVERAGED LEASES
 
                      DECEMBER 31,
(In Millions)
2018

2017

Direct Finance Leases
 
 
Lease Receivable
$
9.8

$
26.6

Residual Value
23.8

72.4

Initial Direct Costs
0.3

0.7

Unearned Income
—

(1.5
)
 
 
 
Investment in Direct Finance Leases
33.9

98.2

 
 
 
Leveraged Leases
 
 
Net Rental Receivable
33.9

76.1

Residual Value
33.3

85.6

Unearned Income
(10.4
)
(30.7
)
 
 
 
Investment in Leveraged Leases
56.8

131.0

 
 
 
Lease Financing, net
$
90.7

$
229.2
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.

TABLE 63: FUTURE MINIMUM LEASE PAYMENTS
(In Millions)
FUTURE MINIMUM
LEASE PAYMENTS

2019
$
3.7

2020
3.7

2021
2.1

2022
—

2023
—
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, 2018 and 2017 are provided below, segregated by borrower ratings into “1 to 3”, “4 to 5”, and “6 to 9” (watch list), categories.

TABLE 64: BORROWER RATINGS
 
DECEMBER 31, 2018
DECEMBER 31, 2017
(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
$
5,477.4

$
3,159.8

$
90.9

$
8,728.1

$
5,832.9

$
3,133.4

$
75.9

$
9,042.2

Commercial Real Estate
1,209.6

1,992.2

27.0

3,228.8

1,280.7

2,187.5

14.5

3,482.7

Non-U.S.
1,625.3

1,075.3

1.0

2,701.6

606.6

930.5

1.4

1,538.5

Lease Financing, net
78.3

12.4

—

90.7

191.4

37.8

—

229.2

Other
203.3

222.7

—

426.0

155.5

109.9

—

265.4

 
 
 
 
 
 
 
 
 
Total Commercial
8,593.9

6,462.4

118.9

15,175.2

8,067.1

6,399.1

91.8

14,558.0

 
 
 
 
 
 
 
 
 
Personal
 
 
 
 
 
 
 
 
Private Client
6,321.1

4,403.2

9.0

10,733.3

6,716.0

4,027.8

9.3

10,753.1

Residential Real Estate
2,745.0

3,502.3

266.7

6,514.0

2,960.5

3,978.8

308.3

7,247.6

Other
32.2

35.3

—

67.5

19.6

13.9

—

33.5

 
 
 
 
 
 
 
 
 
Total Personal
9,098.3

7,940.8

275.7

17,314.8

9,696.1

8,020.5

317.6

18,034.2

 
 
 
 
 
 
 
 
 
Total Loans and Leases
$
17,692.2

$
14,403.2

$
394.6

$
32,490.0

$
17,763.2

$
14,419.6

$
409.4

$
32,592.2
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 table provides 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, 2018 and 2017.

TABLE 65: DELINQUENCY STATUS
(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, 2018
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial and Institutional
$
8,678.2

$
37.4

$
4.5

$
1.2

$
8,721.3

$
6.8

$
8,728.1

Commercial Real Estate
3,191.5

8.4

15.6

6.4

3,221.9

6.9

3,228.8

Non-U.S.
2,701.2

—

—

—

2,701.2

0.4

2,701.6

Lease Financing, net
90.7

—

—

—

90.7

—

90.7

Other
426.0

—

—

—

426.0

—

426.0

 
 
 
 
 
 
 
 
Total Commercial
15,087.6

45.8

20.1

7.6

15,161.1

14.1

15,175.2

 
 
 
 
 
 
 
 
Personal
 
 
 
 
 
 
 
Private Client
10,681.1

39.5

12.5

—

10,733.1

0.2

10,733.3

Residential Real Estate
6,376.8

27.2

6.2

8.8

6,419.0

95.0

6,514.0

Other
67.5

—

—

—

67.5

—

67.5

 
 
 
 
 
 
 
 
Total Personal
17,125.4

66.7

18.7

8.8

17,219.6

95.2

17,314.8

 
 
 
 
 
 
 
 
Total Loans and Leases
$
32,213.0

$
112.5

$
38.8

$
16.4

$
32,380.7

$
109.3

$
32,490.0

 
 
 
Other Real Estate Owned
 
$
8.4

 
 
 
 
Total Nonperforming Assets
 
$
117.7

 

(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, 2017
 
 
 
 
 
 
 
Commercial
 
 
 
 
 
 
 
Commercial and Institutional
$
8,999.4

$
13.3

$
3.1

$
0.4

$
9,016.2

$
26.0

$
9,042.2

Commercial Real Estate
3,455.3

14.1

4.1

0.9

3,474.4

8.3

3,482.7

Non-U.S.
1,538.3

0.2

—

—

1,538.5

—

1,538.5

Lease Financing, net
229.2

—

—

—

229.2

—

229.2

Other
265.4

—

—

—

265.4

—

265.4

 
 
 
 
 
 
 
 
Total Commercial
14,487.6

27.6

7.2

1.3

14,523.7

34.3

14,558.0

 
 
 
 
 
 
 
 
Personal
 
 
 
 
 
 
 
Private Client
10,687.5

55.3

9.7

0.6

10,753.1

—

10,753.1

Residential Real Estate
7,059.4

53.8

11.9

6.1

7,131.2

116.4

7,247.6

Other
33.5

—

—

—

33.5

—

33.5

 
 
 
 
 
 
 
 
Total Personal
17,780.4

109.1

21.6

6.7

17,917.8

116.4

18,034.2

 
 
 
 
 
 
 
 
Total Loans and Leases
$
32,268.0

$
136.7

$
28.8

$
8.0

$
32,441.5

$
150.7

$
32,592.2

 
 
 
Other Real Estate Owned
 
$
4.6

 
 
 
 
Total Nonperforming Assets
 
$
155.3

 
Impaired Loans By Segment and Class
The following table provides information related to impaired loans by segment and class.

TABLE 66: IMPAIRED LOANS
 
AS OF DECEMBER 31, 2018
AS OF DECEMBER 31, 2017
(In Millions)
RECORDED
INVESTMENT

UNPAID
PRINCIPAL
BALANCE

SPECIFIC
ALLOWANCE

RECORDED
INVESTMENT

UNPAID
PRINCIPAL
BALANCE

SPECIFIC
ALLOWANCE

With no related specific allowance
 
 
 
 
 
 
Commercial and Institutional
$
0.2

$
0.4

$
—

$
24.9

$
30.3

$
—

Commercial Real Estate
5.8

7.6

—

5.7

7.6

—

Residential Real Estate
76.7

104.7

—

90.9

124.9

—

Private Client
1.7

1.7

—

0.7

0.7

—

With a related specific allowance
 
 
 
 
 
 
Commercial and Institutional
6.4

7.3

3.0

0.5

5.4

0.5

Commercial Real Estate
2.6

2.8

1.1

2.8

2.8

0.6

Residential Real Estate
22.8

26.1

3.1

14.3

14.9

4.3

Total
 
 
 
 
 
 
Commercial
15.0

18.1

4.1

33.9

46.1

1.1

Personal
101.2

132.5

3.1

105.9

140.5

4.3

 
 
 
 
 
 
 
Total
$
116.2

$
150.6

$
7.2

$
139.8

$
186.6

$
5.4


 
YEAR ENDED DECEMBER 31, 2018
 
YEAR ENDED DECEMBER 31, 2017
 
(In Millions)
AVERAGE
RECORDED
INVESTMENT

INTEREST
INCOME
RECOGNIZED

AVERAGE
RECORDED
INVESTMENT

INTEREST
INCOME
RECOGNIZED

With no related specific allowance
 
 
 
 
Commercial and Institutional
$
6.8

$
—

$
8.7

$
—

Commercial Real Estate
6.4

0.2

9.2

0.1

Residential Real Estate
94.9

1.9

105.0

1.5

Private Client
0.6

0.1

0.2

—

With a related specific allowance
 
 
 
 
Commercial and Institutional
4.6

—

6.5

—

Commercial Real Estate
2.1

—

2.6

—

Residential Real Estate
9.2

—

17.0

—

Total
 
 
 
 
Commercial
19.9

0.2

27.0

0.1

Personal
104.7

2.0

122.2

1.5

 
 
 
 
 
Total
$
124.6

$
2.2

$
149.2

$
1.6


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, 2018, and 2017, and the recorded investments and unpaid principal balances as of December 31, 2018 and 2017.

TABLE 67: TROUBLED DEBT RESTRUCTURINGS
($ In Millions)
NUMBER OF
LOANS AND
LEASES

RECORDED
INVESTMENT

UNPAID
PRINCIPAL
BALANCE

December 31, 2018
 
 
 
Commercial
 
 
 
Commercial and Institutional
1

$
0.3

$
0.5

Commercial Real Estate
2

2.8

2.8

 
 
 
 
Total Commercial
3

3.1

3.3

 
 
 
 
Personal
 
 
 
Residential Real Estate
48

27.7

30.8

Private Client
1

—

0.1

 
 
 
 
Total Personal
49

27.7

30.9

 
 
 
 
Total Loans and Leases
52

$
30.8

$
34.2


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, 2017
 
 
 
Commercial
 
 
 
Commercial and Institutional
3

$
0.4

$
1.4

Commercial Real Estate
2

1.8

1.8

 
 
 
 
Total Commercial
5

2.2

3.2

 
 
 
 
Personal
 
 
 
Residential Real Estate
66

22.1

22.8

Private Client
3

0.2

0.5

 
 
 
 
Total Personal
69

22.3

23.3

 
 
 
 
Total Loans and Leases
74

$
24.5

$
26.5


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