Loans and Leases (Tables)

6 Months Ended

Jun. 30, 2022

Receivables [Abstract]

Loans and Leases

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

TABLE 46: LOANS AND LEASES

(In Millions)	JUNE 30, 2022		DECEMBER 31, 2021
Commercial
Commercial and Institutional	$	12,138.4	$	11,489.2
Commercial Real Estate	4,299.9		4,326.3
Non-U.S.	2,881.1		1,990.2
Lease Financing, net	11.0		11.0
Other	1,096.4		670.7
Total Commercial	20,426.8		18,487.4
Personal
Private Client	13,887.1		15,256.3
Residential Real Estate	6,383.2		6,319.9
Non-U.S.	491.7		381.8
Other	19.0		35.2
Total Personal	20,781.0		21,993.2
Total Loans and Leases	$	41,207.8	$	40,480.6

Borrower Ratings

Loan and lease segment and class balances as of June 30, 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 47: CREDIT QUALITY INDICATOR AT AMORTIZED COST BASIS BY ORIGINATION YEAR

June 30, 2022	TERM LOANS AND LEASES												REVOLVING LOANS		REVOLVING LOANS CONVERTED TO TERM LOANS
(In Millions)	2022		2021		2020		2019		2018		PRIOR						TOTAL
Commercial
Commercial and Institutional
Risk Rating:
1 to 3 Category	$	442.6	$	1,133.2	$	357.0	$	296.7	$	56.7	$	551.7	$	5,507.1	$	17.8	$	8,362.8
4 to 5 Category	466.7		794.3		305.1		318.1		155.9		256.6		1,306.7		33.8		3,637.2
6 to 9 Category	—		31.4		—		25.7		25.6		5.5		50.3		—		138.5
Total Commercial and Institutional	909.3		1,958.9		662.1		640.5		238.2		813.8		6,864.0		51.6		12,138.4
Commercial Real Estate
Risk Rating:
1 to 3 Category	190.3		471.6		235.6		181.9		44.2		62.9		189.6		2.1		1,378.2
4 to 5 Category	231.0		884.1		598.2		502.9		192.6		340.8		78.7		21.7		2,850.0
6 to 9 Category	7.8		11.4		—		50.0		—		—		2.5		—		71.7
Total Commercial Real Estate	429.1		1,367.1		833.8		734.8		236.8		403.7		270.8		23.8		4,299.9
Non-U.S.
Risk Rating:
1 to 3 Category	982.3		62.0		108.7		43.5		—		6.5		646.0		—		1,849.0
4 to 5 Category	602.5		19.1		—		—		—		300.8		64.5		1.8		988.7
6 to 9 Category	0.1		—		—		23.1		—		—		20.2		—		43.4
Total Non-U.S.	1,584.9		81.1		108.7		66.6		—		307.3		730.7		1.8		2,881.1
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 Category	564.7		—		—		—		—		—		—		—		564.7
4 to 5 Category	531.7		—		—		—		—		—		—		—		531.7
Total Other	1,096.4		—		—		—		—		—		—		—		1,096.4
Total Commercial	4,019.7		3,407.1		1,604.6		1,441.9		475.0		1,535.8		7,865.5		77.2		20,426.8
Personal
Private Client
Risk Rating:
1 to 3 Category	275.4		323.7		138.0		343.8		19.6		159.0		5,835.0		29.8		7,124.3
4 to 5 Category	181.2		676.1		206.3		231.5		44.1		65.1		5,104.1		209.1		6,717.5
6 to 9 Category	23.8		1.0		0.1		—		19.5		—		0.9		—		45.3
Total Private Client	480.4		1,000.8		344.4		575.3		83.2		224.1		10,940.0		238.9		13,887.1
Residential Real Estate
Risk Rating:
1 to 3 Category	608.3		847.1		578.5		197.6		94.0		816.1		185.4		—		3,327.0
4 to 5 Category	194.2		510.7		648.5		292.9		190.3		980.2		185.2		1.0		3,003.0
6 to 9 Category	—		7.0		1.5		2.0		1.4		39.7		1.6		—		53.2
Total Residential Real Estate	802.5		1,364.8		1,228.5		492.5		285.7		1,836.0		372.2		1.0		6,383.2
Non-U.S.
Risk Rating:
1 to 3 Category	2.6		16.1		—		1.0		1.7		0.1		115.1		—		136.6
4 to 5 Category	17.0		28.3		—		21.0		3.3		33.0		244.5		7.8		354.9
6 to 9 Category	—		—		—		—		—		0.2		—		—		0.2
Total Non-U.S.	19.6		44.4		—		22.0		5.0		33.3		359.6		7.8		491.7
Other
Risk Rating:
1 to 3 Category	1.0		—		—		—		—		—		—		—		1.0
4 to 5 Category	18.0		—		—		—		—		—		—		—		18.0
6 to 9 Category	—		—		—		—		—		—		—		—		—
Total Other	19.0		—		—		—		—		—		—		—		19.0
Total Personal	1,321.5		2,410.0		1,572.9		1,089.8		373.9		2,093.4		11,671.8		247.7		20,781.0
Total Loans and Leases	$	5,341.2	$	5,817.1	$	3,177.5	$	2,531.7	$	848.9	$	3,629.2	$	19,537.3	$	324.9	$	41,207.8

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	$	1,042.0	$	310.2	$	468.9	$	163.9	$	55.4	$	541.6	$	4,946.0	$	0.1	$	7,528.1
4 to 5 Category	993.4		441.7		406.7		193.6		243.3		230.2		1,217.8		33.1		3,759.8
6 to 9 Category	44.0		6.0		47.1		30.2		9.9		1.9		62.2		—		201.3
Total Commercial and Institutional	2,079.4		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 Category	472.0		298.7		279.8		65.8		16.6		79.5		67.5		2.9		1,282.8
4 to 5 Category	912.7		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 Estate	1,434.8		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 Category	816.5		68.9		38.4		—		9.1		—		582.0		—		1,514.9
4 to 5 Category	167.0		—		—		1.9		—		191.9		73.3		1.8		435.9
6 to 9 Category	2.9		—		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 Category	551.5		—		—		—		—		—		—		—		551.5
4 to 5 Category	119.2		—		—		—		—		—		—		—		119.2
Total Other	670.7		—		—		—		—		—		—		—		670.7
Total Commercial	5,171.3		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 Category	432.5		116.6		90.3		14.9		39.3		129.8		7,592.8		44.7		8,460.9
4 to 5 Category	567.8		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 Client	1,002.2		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 Category	1,018.1		660.3		213.0		110.4		139.8		763.1		161.5		—		3,066.2
4 to 5 Category	434.0		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 Estate	1,452.4		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 Category	27.5		—		1.2		—		—		1.0		44.1		—		73.8
4 to 5 Category	36.1		—		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 Category	13.4		—		—		—		—		—		—		—		13.4
4 to 5 Category	21.8		—		—		—		—		—		—		—		21.8
Total Other	35.2		—		—		—		—		—		—		—		35.2
Total Personal	2,553.4		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 June 30, 2022 and December 31, 2021.

TABLE 48: 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
June 30, 2022
Commercial
Commercial and Institutional	$	11,943.9	$	105.9	$	60.6	$	9.7	$	12,120.1	$	18.3	$	12,138.4	$	3.6
Commercial Real Estate	4,252.3		2.6		2.7		—		4,257.6		42.3		4,299.9		31.9
Non-U.S.	2,881.1		—		—		—		2,881.1		—		2,881.1		—
Lease Financing, net	—		—		—		—		—		11.0		11.0		11.0
Other	1,096.4		—		—		—		1,096.4		—		1,096.4		—
Total Commercial	20,173.7		108.5		63.3		9.7		20,355.2		71.6		20,426.8		46.5
Personal
Private Client	13,718.5		127.6		13.9		27.1		13,887.1		—		13,887.1		—
Residential Real Estate	6,365.0		—		—		0.1		6,365.1		18.1		6,383.2		18.1
Non-U.S.	487.2		4.5		—		—		491.7		—		491.7		—
Other	19.0		—		—		—		19.0		—		19.0		—
Total Personal	20,589.7		132.1		13.9		27.2		20,762.9		18.1		20,781.0		18.1
Total Loans and Leases	$	40,763.4	$	240.6	$	77.2	$	36.9	$	41,118.1	$	89.7	$	41,207.8	$	64.6
	Other Real Estate Owned										$	0.1
	Total Nonaccrual Assets										$	89.8

	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

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- months ended June 30, 2022 and 2021, and the recorded investments and unpaid principal balances as of June 30, 2022 and 2021.

TABLE 49: TROUBLED DEBT RESTRUCTURINGS

	THREE MONTHS ENDED JUNE 30, 2022					SIX MONTHS ENDED JUNE 30, 2022
($ 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	$	0.5	$	0.5
Total Commercial	—	—		—		1	0.5		0.5
Personal
Residential Real Estate	—	—		—		2	0.1		0.1
Total Personal	—	—		—		2	0.1		0.1
Total Loans and Leases	—	$	—	$	—	3	$	0.6	$	0.6

Note: Period-end balances reflect all pay downs and charge-offs during the period.

	THREE MONTHS ENDED JUNE 30, 2021					SIX MONTHS ENDED JUNE 30, 2021
($ 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	—	$	—	$	—	6	$	19.6	$	19.6
Commercial Real Estate	1	6.9		11.2		2	28.3		34.5
Total Commercial	1	6.9		11.2		8	47.9		54.1
Personal
Residential Real Estate	5	0.6		0.7		7	0.8		1.0
Total Personal	5	0.6		0.7		7	0.8		1.0
Total Loans and Leases	6	$	7.5	$	11.9	15	$	48.7	$	55.1

Note: Period-end balances reflect all pay downs and charge-offs during the period.