Loans and Leases (Tables)

12 Months Ended

Dec. 31, 2014

Amounts Outstanding for Loans and Leases by Segment and Class

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


TABLE 56: LOANS AND LEASES	DECEMBER 31,
(In Millions)	2014			2013
Commercial
Commercial and Institutional	$	8,381.9		$	7,375.8
Commercial Real Estate		3,333.3			2,955.8
Lease Financing, net		916.3			975.1
Non-U.S.		1,530.6			954.7
Other		191.5			358.6

Total Commercial		14,353.6			12,620.0

Personal
Residential Real Estate		9,782.6			10,271.3
Private Client		7,466.9			6,445.6
Other		37.1			48.6

Total Personal		17,286.6			16,765.5

Total Loans and Leases	$	31,640.2		$	29,385.5
Allowance for Credit Losses Assigned to Loans and Leases		(267.0	)		(278.1	)

Net Loans and Leases	$	31,373.2		$	29,107.4

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 57: DIRECT FINANCE AND LEVERAGED LEASES	DECEMBER 31,
(In Millions)	2014			2013
Direct Finance Leases:
Lease Receivable	$	195.4		$	189.4
Residual Value		208.8			143.1
Initial Direct Costs		3.6			2.5
Unearned Income		(39.1	)		(31.1	)

Investment in Direct Finance Leases		368.7			303.9

Leveraged Leases:
Net Rental Receivable		413.6			544.4
Residual Value		285.6			295.6
Unearned Income		(151.6	)		(168.8	)

Investment in Leveraged Leases		547.6			671.2

Lease Financing, net	$	916.3		$	975.1

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 58: FUTURE MINIMUM LEASE PAYMENTS


(In Millions)	FUTURE MINIMUM LEASE PAYMENTS
2015	$	48.4
2016		40.4
2017		37.6
2018		29.8
2019		17.9

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, 2014, and 2013 are provided below, segregated by borrower ratings into “1 to 3”, “4 to 5”, and “6 to 9” (watch list), categories.

TABLE 59: BORROWER RATINGS


	DECEMBER 31, 2014								DECEMBER 31, 2013
(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	$	5,340.9	$	2,947.3	$	93.7	$	8,381.9	$	4,432.5	$	2,801.5	$	141.8	$	7,375.8
Commercial Real Estate		1,371.7		1,861.8		99.8		3,333.3		1,053.7		1,748.7		153.4		2,955.8
Lease Financing, net		552.5		360.3		3.5		916.3		685.7		285.0		4.4		975.1
Non-U.S.		636.8		892.9		0.9		1,530.6		442.8		511.9		–		954.7
Other		108.1		83.4		–		191.5		157.7		200.9		–		358.6

Total Commercial		8,010.0		6,145.7		197.9		14,353.6		6,772.4		5,548.0		299.6		12,620.0

Personal
Residential Real Estate		3,148.0		6,207.0		427.6		9,782.6		3,204.6		6,563.6		503.1		10,271.3
Private Client		5,143.8		2,311.7		11.4		7,466.9		3,957.6		2,481.2		6.8		6,445.6
Other		21.1		16.0		–		37.1		21.2		27.4		–		48.6

Total Personal		8,312.9		8,534.7		439.0		17,286.6		7,183.4		9,072.2		509.9		16,765.5

Total Loans and Leases	$	16,322.9	$	14,680.4	$	636.9	$	31,640.2	$	13,955.8	$	14,620.2	$	809.5	$	29,385.5

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, 2014, and 2013.

TABLE 60: 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, 2014

Commercial

Commercial and Institutional

8,340.5

14.5

4.0

7.9

8,366.9

15.0

8,381.9

Commercial Real Estate

3,274.3

9.6

9.8

2.5

3,296.2

37.1

3,333.3

Lease Financing, net

916.3

–

916.3

–

916.3

Non-U.S.

1,530.6

–

1,530.6

–

1,530.6

Other

191.5

–

191.5

–

191.5

Total Commercial

14,253.2

24.1

13.8

10.4

14,301.5

52.1

14,353.6

Personal

Residential Real Estate

9,556.3

49.5

9.9

4.5

9,620.2

162.4

9,782.6

Private Client

7,396.0

56.0

5.9

7.8

7,465.7

1.2

7,466.9

Other

37.1

–

37.1

–

37.1

Total Personal

16,989.4

105.5

15.8

12.3

17,123.0

163.6

17,286.6

Total Loans and Leases

31,242.6

129.6

29.6

22.7

31,424.5

215.7

31,640.2

Other Real Estate Owned

16.6

Total Nonperforming Assets

232.3


(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, 2013
Commercial
Commercial and Institutional	$	7,332.3	$	5.0	$	12.1	$	3.3	$	7,352.7	$	23.1	$	7,375.8
Commercial Real Estate		2,881.1		4.1		14.6		6.8		2,906.6		49.2		2,955.8
Lease Financing, net		975.1		–		–		–		975.1		–		975.1
Non-U.S.		954.7		–		–		–		954.7		–		954.7
Other		358.6		–		–		–		358.6		–		358.6

Total Commercial		12,501.8		9.1		26.7		10.1		12,547.7		72.3		12,620.0

Personal
Residential Real Estate		9,934.4		129.3		15.6		2.9		10,082.2		189.1		10,271.3
Private Client		6,404.2		29.1		7.5		3.4		6,444.2		1.4		6,445.6
Other		48.6		–		–		–		48.6		–		48.6

Total Personal		16,387.2		158.4		23.1		6.3		16,575.0		190.5		16,765.5

Total Loans and Leases	$	28,889.0	$	167.5	$	49.8	$	16.4	$	29,122.7	$	262.8	$	29,385.5

						Other Real Estate Owned					$	11.9

						Total Nonperforming Assets					$	274.7

Impaired Loans By Segment and Class

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

TABLE 61: IMPAIRED LOANS

AS OF DECEMBER 31, 2014

AS OF DECEMBER 31, 2013

(In Millions)

RECORDED
INVESTMENT

UNPAID

PRINCIPAL
BALANCE

SPECIFIC
ALLOWANCE

RECORDED
INVESTMENT

UNPAID

PRINCIPAL
BALANCE

SPECIFIC
ALLOWANCE

With no related specific allowance

Commercial and Institutional

9.0

12.0

–

12.2

18.1

–

Commercial Real Estate

47.0

52.4

–

46.6

57.1

–

Lease Financing, net

4.2

–

4.4

–

Residential Real Estate

160.9

204.8

–

185.0

227.8

–

Private Client

0.2

0.5

–

0.8

–

With a related specific allowance

Commercial and Institutional

6.5

6.6

2.9

9.6

12.1

3.6

Commercial Real Estate

12.2

18.3

2.9

26.7

31.5

4.5

Residential Real Estate

1.4

0.4

8.1

8.7

2.3

Private Client

0.8

0.4

–

Total

Commercial

78.9

93.5

5.8

99.5

123.2

8.1

Personal

163.3

207.5

0.8

193.9

237.3

2.3

Total

242.2

301.0

6.6

293.4

360.5

10.4

YEAR ENDED DECEMBER 31, 2014

YEAR ENDED DECEMBER 31, 2013

(In Millions)

AVERAGE
RECORDED
INVESTMENT

INTEREST
INCOME
RECOGNIZED

AVERAGE
RECORDED
INVESTMENT

INTEREST
INCOME
RECOGNIZED

With no related specific allowance

Commercial and Institutional

11.3

0.1

11.7

0.2

Commercial Real Estate

46.1

1.0

42.4

0.9

Lease Financing, net

4.3

0.2

4.5

0.2

Residential Real Estate

176.7

2.6

160.2

2.5

Private Client

0.5

–

10.2

–

With a related specific allowance

Commercial and Institutional

9.6

–

12.5

–

Commercial Real Estate

18.8

–

31.0

–

Lease Financing, net

–

0.7

–

Residential Real Estate

3.3

–

5.7

–

Private Client

0.6

–

4.0

–

Total

Commercial

90.1

1.3

102.8

1.3

Personal

181.1

2.6

180.1

2.5

Total

271.2

3.9

282.9

3.8

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, 2014, and 2013, and the recorded investments and unpaid principal balances as of December 31, 2014, and 2013.

TABLE 62: TROUBLED DEBT RESTRUCTURINGS

($ In Millions)

NUMBER OF
LOANS AND
LEASES

RECORDED
INVESTMENT

UNPAID
PRINCIPAL
BALANCE

December 31, 2014

Commercial

Commercial and Institutional

0.7

0.8

Commercial Real Estate

3.9

4.8

Total Commercial

4.6

5.6

Personal

Residential Real Estate

124

15.0

17.9

Private Client

0.2

0.5

Total Personal

128

15.2

18.4

Total Loans and Leases

138

19.8

24.0

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, 2013
Commercial
Commercial and Institutional		14	$	3.4	$	4.7
Commercial Real Estate		12		27.7		36.2

Total Commercial		26		31.1		40.9

Personal
Residential Real Estate		168		49.1		60.0
Private Client		9		12.9		12.9

Total Personal		177		62.0		72.9

Total Loans and Leases		203	$	93.1	$	113.8

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