The Northern Trust Company Mortgage Rates, Fees & Info

Chicago, IL

LEI: 6PTKHDJ8HDUF78PFWH30

Tax ID: 36-1561860

1 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Northern Trust Company is a small mortgage company specializing in Home Purchase, Refi, and Other loans. The Northern Trust Company has a high proportion of conventional loans. Their top markets include Miami, Chicago, Los Angeles, San Francisco, and New York among others. The Northern Trust Company has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Northern Trust Company is typically a high fee lendor.


Originations

802

Origination Dollar Volume (All Markets)

$1,882,000,000

Employee count

20,937 Show all (11) awards

Relative Rate

The Northern Trust Company's average 30 year fixed rate mortgage of loans were 2.81%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.34%.

Relative Fees

The Northern Trust Company's average total fees for a 30 year fixed rate mortgage are $11,412.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 120 $395,780,000 $3,298,167 $14,940 2.83%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 109 $300,685,000 $2,758,578 $5,312 2.71%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 54 $182,090,000 $3,372,037 $11,175 2.72%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 37 $107,425,000 $2,903,378 $8,672 2.77%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 33 $97,205,000 $2,945,606 $12,161 2.78%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 25 $54,755,000 $2,190,200 $7,118 2.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 19 $46,135,000 $2,428,158 $15,916 2.72%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $45,005,000 $3,461,923 $8,284 2.69%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 14 $44,050,000 $3,146,429 $7,195 2.98%
Outside of Metro Areas 21 $34,535,000 $1,644,524 $11,809 2.74%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 19 $33,545,000 $1,765,526 $13,782 2.78%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 17 $32,865,000 $1,933,235 $17,010 2.80%
Glenwood Springs, CO (FHA|USDA|VA) 4 $25,370,000 $6,342,500 $4,810 2.53%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 7 $24,445,000 $3,492,143 $27,999 2.91%
Edwards, CO (FHA|USDA|VA) 9 $24,065,000 $2,673,889 $14,076 2.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $21,755,000 $4,351,000 $17,990 2.83%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 11 $21,205,000 $1,927,727 $4,848 2.76%
Vineyard Haven, MA (FHA|USDA|VA) 3 $18,915,000 $6,305,000 $38,338 2.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $16,350,000 $2,043,750 $11,752 2.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 10 $16,240,000 $1,624,000 $14,461 2.80%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $15,110,000 $1,511,000 $4,979 2.81%
BRUNSWICK, GA (FHA|USDA|VA) 4 $14,870,000 $3,717,500 $8,963 2.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $14,455,000 $1,314,091 $5,449 2.85%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $12,130,000 $1,516,250 $114,575 2.77%
Heber, UT (FHA|USDA|VA) 7 $11,415,000 $1,630,714 $6,559 2.63%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 7 $11,395,000 $1,627,857 $5,539 2.88%
SALINAS, CA (FHA|USDA|VA) 3 $11,275,000 $3,758,333 $7,860 2.83%
BOISE CITY, ID (FHA|USDA|VA) 7 $11,235,000 $1,605,000 $6,822 3.14%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $10,720,000 $2,680,000 $18,531 2.94%
Key West, FL (FHA|USDA|VA) 5 $10,235,000 $2,047,000 $11,209 2.90%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $9,980,000 $1,663,333 $7,199 2.77%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 5 $9,365,000 $1,873,000 $4,320 2.80%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 9 $9,325,000 $1,036,111 $7,727 2.83%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $9,260,000 $4,630,000 $3,973 3.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $8,805,000 $1,257,857 $8,166 2.89%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $7,505,000 $7,505,000 $0 1.88%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 8 $7,470,000 $933,750 $5,493 2.59%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $6,450,000 $806,250 $3,991 2.89%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $6,445,000 $2,148,333 $7,436 2.54%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $5,655,000 $1,131,000 $5,515 2.68%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $5,645,000 $1,129,000 $5,260 2.83%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $5,390,000 $1,347,500 $3,515 2.69%
Kalispell, MT (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 2.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $4,895,000 $543,889 $3,961 2.94%
URBAN HONOLULU, HI (FHA|USDA|VA) 2 $4,740,000 $2,370,000 $7,369 2.63%
Bozeman, MT (FHA|USDA|VA) 2 $3,840,000 $1,920,000 $7,119 2.81%
Kapaa, HI (FHA|USDA|VA) 1 $3,675,000 $3,675,000 $13,764 3.13%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $3,545,000 $1,181,667 $5,157 2.58%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $3,460,000 $865,000 $7,179 2.78%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $3,305,000 $1,101,667 $6,368 2.63%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $3,275,000 $1,091,667 $3,897 2.79%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $3,245,000 $1,081,667 $4,651 3.04%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $3,140,000 $1,570,000 $14,588 2.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $9,154 2.75%
NILES, MI (FHA|USDA|VA) 3 $2,845,000 $948,333 $7,109 2.75%
Hailey, ID (FHA|USDA|VA) 1 $2,635,000 $2,635,000 $53,203 3.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $2,630,000 $1,315,000 $2,709 2.94%
Whitewater, WI (FHA|USDA|VA) 3 $2,535,000 $845,000 $3,912 2.71%
Breckenridge, CO (FHA|USDA|VA) 2 $2,510,000 $1,255,000 $5,147 2.75%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $25,673 3.13%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $2,110,000 $1,055,000 $10,945 2.81%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $2,000,000 $1,000,000 $5,364 2.88%
OCALA, FL (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $0 2.38%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $1,970,000 $985,000 $4,870 2.75%
COLUMBUS, OH (FHA|USDA|VA) 3 $1,895,000 $631,667 $6,944 2.67%
RICHMOND, VA (FHA|USDA|VA) 2 $1,810,000 $905,000 $4,460 2.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $3,655 2.75%
LUBBOCK, TX (FHA|USDA|VA) 3 $1,715,000 $571,667 $4,247 2.92%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $9,481 2.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $1,650,000 $825,000 $6,877 3.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $1,590,000 $397,500 $5,184 3.28%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $5,161 2.75%
Jackson, WY-ID (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $19,251 2.38%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $1,495,000 $1,495,000 $3,464 2.63%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $1,470,000 $735,000 $4,323 2.56%
ASHEVILLE, NC (FHA|USDA|VA) 3 $1,455,000 $485,000 $3,431 2.92%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $1,430,000 $715,000 $4,698 2.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,410,000 $705,000 $3,149 2.75%
Okeechobee, FL (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $0 2.63%
NAPA, CA (FHA|USDA|VA) 1 $1,335,000 $1,335,000 $7,437 2.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $1,245,000 $1,245,000 $5,362 2.88%
PITTSFIELD, MA (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $3,950 4.13%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $6,121 2.88%
Torrington, CT (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $6,281 3.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $4,154 2.88%
Steamboat Springs, CO (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $3,798 2.75%
Lebanon, NH-VT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $17,749 2.50%
Montrose, CO (FHA|USDA|VA) 2 $1,000,000 $500,000 $4,238 3.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $945,000 $945,000 $8,546 2.88%
MADISON, WI (FHA|USDA|VA) 1 $935,000 $935,000 $4,138 2.88%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $915,000 $915,000 $4,339 2.75%
Athens, TX (FHA|USDA|VA) 1 $865,000 $865,000 $0 3.13%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $775,000 $775,000 $21,727 3.00%
Easton, MD (FHA|USDA|VA) 1 $755,000 $755,000 $12,504 2.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $755,000 $755,000 $4,799 2.88%
ST. GEORGE, UT (FHA|USDA|VA) 1 $755,000 $755,000 $3,403 2.63%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $755,000 $755,000 $3,737 2.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $755,000 $755,000 $10,081 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $745,000 $745,000 $5,088 2.75%
RENO, NV (FHA|USDA|VA) 1 $735,000 $735,000 $3,244 2.75%
Lewisburg, PA (FHA|USDA|VA) 1 $705,000 $705,000 $7,130 2.88%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $690,000 $345,000 $4,003 2.88%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $625,000 $625,000 $3,017 2.75%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $605,000 $605,000 $3,417 2.75%
Crescent City, CA (FHA|USDA|VA) 1 $585,000 $585,000 $4,579 2.50%
Durango, CO (FHA|USDA|VA) 1 $585,000 $585,000 $0 2.50%
Cullowhee, NC (FHA|USDA|VA) 1 $575,000 $575,000 $4,181 3.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $575,000 $575,000 $3,025 3.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $555,000 $555,000 $3,182 2.88%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $525,000 $525,000 $3,006 3.13%
TUCSON, AZ (FHA|USDA|VA) 1 $515,000 $515,000 $2,787 2.75%
Holland, MI (FHA|USDA|VA) 1 $505,000 $505,000 $3,274 2.63%
Baraboo, WI (FHA|USDA|VA) 1 $475,000 $475,000 $3,290 2.63%
Taos, NM (FHA|USDA|VA) 1 $465,000 $465,000 $4,936 3.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $465,000 $465,000 $4,367 3.00%
Show Low, AZ (FHA|USDA|VA) 1 $445,000 $445,000 $9,044 3.13%
PANAMA CITY, FL (FHA|USDA|VA) 1 $445,000 $445,000 $3,984 2.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $415,000 $415,000 $3,073 2.88%
BEND, OR (FHA|USDA|VA) 1 $405,000 $405,000 $0 2.88%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $405,000 $405,000 $2,355 3.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $365,000 $365,000 $2,819 2.88%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $355,000 $355,000 $3,880 3.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $3,248 2.63%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,285 3.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,225 3.25%
BURLINGTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,716 2.88%
LAS CRUCES, NM (FHA|USDA|VA) 1 $175,000 $175,000 $2,880 3.13%
Laconia, NH (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.00%
PUEBLO, CO (FHA|USDA|VA) 1 $135,000 $135,000 $3,882 3.50%
SAGINAW, MI (FHA|USDA|VA) 1 $115,000 $115,000 $3,878 3.38%

The Northern Trust Company's top markets include Miami, Chicago, Los Angeles, San Francisco, and New York among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 802 $1,882,000,000 $2,346,633 $10,916 2.79%

For the 2021 period, The Northern Trust Company's most frequently originated loan type of loans were Conventional, with 802 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 310 $844,580,000 $2,724,452 $16,035 2.78%
Refi 255 $637,185,000 $2,498,765 $8,567 2.76%
Other 230 $394,240,000 $1,714,087 $6,824 2.82%
Home Improvement 7 $5,995,000 $856,429 $6,278 2.82%

For the 2021, The Northern Trust Company's most frequently cited loan purpose of loans were Home Purchase, with 310 originations. The 2nd most popular reason of loans were Refi, with 255 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 672 $1,268,070,000 $1,887,009 $11,412 2.81%
15 Year 86 $159,750,000 $1,857,558 $7,628 2.84%
5 Year 17 $150,405,000 $8,847,353 $0 2.07%
Other 16 $57,770,000 $3,610,625 $0 2.26%
10 Year 7 $202,545,000 $28,935,000 $4,179 2.34%
20 Year 2 $6,150,000 $3,075,000 $7,063 2.75%
3 Year 1 $35,655,000 $35,655,000 $0 2.41%
1 Year 1 $1,655,000 $1,655,000 $0 2.06%

For the 2021, The Northern Trust Company's most frequently cited loan length of loans were 30 Year, with 672 originations. The 2nd most popular length of loans were 15 Year, with 86 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 592 $1,020,170,000 $1,723,260
$5k+ 69 $174,585,000 $2,530,217
$3k-4k 18 $11,620,000 $645,556
$1k-2k 8 $4,220,000 $527,500
$2k-3k 7 $3,265,000 $466,429

$11,412 of loans were The Northern Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 592 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 516 $925,640,000 $1,793,876
<2.5% 166 $771,770,000 $4,649,217
3-4% 118 $183,350,000 $1,553,814
4-5% 2 $1,240,000 $620,000

During 2021, The Northern Trust Company's average interest rate of loans were 2.81%, while their most frequently originated rate bucket of loans were 2.5-3%, with 516 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 443 $1,674,065,000 $3,778,928 $14,116 2.73%
$600k-1MM 181 $140,635,000 $776,989 $11,035 2.77%
$200k-400k 82 $24,620,000 $300,244 $4,009 2.95%
$400k-600k 82 $40,710,000 $496,463 $4,366 2.87%
$100k-200k 12 $1,890,000 $157,500 $2,993 3.15%
$100,000 or less 2 $80,000 $40,000 $1,576 3.94%

2021 saw The Northern Trust Company place emphasis on $1MM+ loans with 443 originations, totaling $1,674,065,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 397 $781,115,000 $1,967,544 $13,040 2.80%
$150k-250k 71 $62,215,000 $876,268 $5,278 2.88%
$100k-150k 34 $25,260,000 $742,941 $5,676 2.90%
$50k or less 32 $43,890,000 $1,371,563 $8,603 2.87%
$75k-100k 20 $14,760,000 $738,000 $4,131 2.83%
$50k-75k 17 $14,205,000 $835,588 $5,810 2.74%

The Northern Trust Company lent most frequently to those with incomes in the $250k+ range, with 397 originations. The second most popular income band? $150k-250k, with 71 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 203 $344,925,000 $1,699,138 $9,961 2.81%
<20% 186 $324,770,000 $1,746,075 $8,980 2.80%
30-36% 139 $190,775,000 $1,372,482 $14,726 2.83%
37% 25 $39,355,000 $1,574,200 $7,167 2.81%
>60% 24 $73,470,000 $3,061,250 $13,252 2.83%
50-60% 24 $79,990,000 $3,332,917 $13,455 2.80%
36% 18 $32,140,000 $1,785,556 $8,126 2.76%
38% 14 $22,440,000 $1,602,857 $17,375 2.88%
42% 8 $17,430,000 $2,178,750 $7,369 2.88%
39% 6 $13,170,000 $2,195,000 $15,984 2.75%
40% 6 $6,090,000 $1,015,000 $10,983 2.94%
44% 6 $12,420,000 $2,070,000 $8,537 2.92%
43% 5 $7,575,000 $1,515,000 $8,906 2.78%
41% 4 $7,780,000 $1,945,000 $7,011 2.69%
46% 4 $4,410,000 $1,102,500 $6,210 2.91%
48% 3 $4,825,000 $1,608,333 $7,313 2.71%
47% 3 $2,485,000 $828,333 $12,461 2.92%
45% 2 $1,560,000 $780,000 $4,680 2.94%
49% 1 $3,395,000 $3,395,000 $61,342 3.38%

The Northern Trust Company lent most frequently to those with DTI ratios of 20-30%, with 203 originations. The next most common DTI ratio? <20%, with 186 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 597 $985,865,000 $1,651,365 $10,668 2.82%
Not applicable 118 $685,290,000 $5,807,542 $8,582 2.61%
Not provided 67 $158,435,000 $2,364,701 $12,104 2.83%
Black 6 $24,260,000 $4,043,333 $17,729 2.88%
Asian 11 $24,255,000 $2,205,000 $16,234 2.65%
American Indian 2 $2,890,000 $1,445,000 $11,794 2.81%
Asian Indian 1 $1,005,000 $1,005,000 $2,924 2.38%

Approval Rates

Total approvals of all applications
95.12%

The Northern Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
89.74%

The Northern Trust Company has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 802 $1,882,000,000 $2,346,633

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
802 $1,882,000,000 $2,346,633

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 98 $119,250,000 $1,216,837 $6,622 2.80%
40-60% 161 $341,465,000 $2,120,901 $9,147 2.78%
60-80% 440 $1,263,690,000 $2,872,023 $11,363 2.78%
80-100% 79 $137,585,000 $1,741,582 $19,679 2.78%
Over 100% 1 $1,855,000 $1,855,000 $7,299 2.63%
Under 20% 23 $18,155,000 $789,348 $5,041 2.84%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
THE MORTGAGE EXPERTS LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Northern Trust Company 10 West Long Lake Road Bloomfield Hills, MI 48304 Full Service B&M $186,101
The Northern Trust Company 14624 N. Scottsdale Road, Suite 100 Scottsdale, AZ 85254 Full Service B&M $225,704
The Northern Trust Company 1485 East Valley Road (Montecito) Santa Barbara, CA 93108 Full Service B&M $237,808
The Northern Trust Company 1515 Ringling Boulevard Sarasota, FL 34236 Full Service B&M $472,566
The Northern Trust Company 165 Mason Street Greenwich, CT 6830 Full Service B&M $548,393
The Northern Trust Company 190 Carondelet Plaza Saint Louis, MO 63105 Full Service B&M $90,574
The Northern Trust Company 1995 Village Center Circle Las Vegas, NV 89134 Full Service B&M $338,236
The Northern Trust Company 200 Public Square Suite 3200 Cleveland, OH 44114 Full Service B&M $45,384
The Northern Trust Company 201 South Lake Avenue, Suite 600 Pasadena, CA 91101 Full Service B&M $121,323
The Northern Trust Company 2049 Century Park East, Suite 3600 Los Angeles, CA 90067 Full Service B&M $440,829
The Northern Trust Company 2201 Southeast Kingswood Terrace, Monterey Commons Stuart, FL 34996 Full Service B&M $149,295
The Northern Trust Company 2398 East Camelback Road Suite 1100 Phoenix, AZ 85016 Full Service B&M $574,521
The Northern Trust Company 2400 Market Street, Suite 239 Philadelphia, PA 19103 Full Service B&M $0
The Northern Trust Company 40 West 57th Street, 21st Floor New York, NY 10019 Full Service B&M $281,058
The Northern Trust Company 4001 Tamiami Trail North Naples, FL 34103 Full Service B&M $278,028
The Northern Trust Company 405 Eighth Street South Naples, FL 34102 Full Service B&M $185,505
The Northern Trust Company 425 North Florida Avenue Tampa, FL 33602 Full Service B&M $419,291
The Northern Trust Company 45 Ottawa Ave Nw Suite 500 Grand Rapids, MI 49503 Full Service B&M $67,192
The Northern Trust Company 4747 Executive Drive, Suite 1100 San Diego, CA 92122 Full Service B&M $199,052
The Northern Trust Company 50 South Lasalle Street Chicago, IL 60603 Full Service B&M $36,195,960
The Northern Trust Company 526 E Wisconsin Ave Milwaukee, WI 53202 Full Service B&M $190,749
The Northern Trust Company 5540 Preston Road Dallas, TX 75205 Full Service B&M $139,992
The Northern Trust Company 575 Redwood Highway Mill Valley, CA 94941 Full Service B&M $127,280
The Northern Trust Company 580 California Street Suite 1800 San Francisco, CA 94104 Full Service B&M $474,382
The Northern Trust Company 595 Biltmore Way Coral Gables, FL 33134 Full Service B&M $477,025
The Northern Trust Company One Tower Lane, 24th Floor Oakbrook Terrace, IL 60181 Full Service B&M $623,683
The Northern Trust Company 250 Royal Palm Way Palm Beach, FL 33480 Full Service B&M $397,957
The Northern Trust Company 2500 Sand Hill Road, Suite 150 Menlo Park, CA 94025 Full Service B&M $60,439
The Northern Trust Company 2501 North Harwood Street Suite 2010 Dallas, TX 75201 Full Service B&M $1,092,223
The Northern Trust Company 265 East Deerpath Road Lake Forest, IL 60045 Full Service B&M $773,971
The Northern Trust Company 26790 South Tamiami Trail Bonita Springs, FL 34134 Full Service B&M $170,586
The Northern Trust Company 2701 Kirby Drive Houston, TX 77098 Full Service B&M $712,305
The Northern Trust Company 301 Commerce Street, Suite 3050 Fort Worth, TX 76102 Full Service B&M $25,021
The Northern Trust Company 3100 North Military Trail Boca Raton, FL 33431 Full Service B&M $200,580
The Northern Trust Company 328 Crandon Boulevard Suite 101 Key Biscayne, FL 33149 Full Service B&M $231,593
The Northern Trust Company 3282 Northside Pkwy Nw Ste 100 Atlanta, GA 30327 Full Service B&M $289,728
The Northern Trust Company 3450 East Sunrise Drive Suite 100 Tucson, AZ 85718 Full Service B&M $220,031
The Northern Trust Company 600 Bering Drive Houston, TX 77057 Full Service B&M $0
The Northern Trust Company 600 Brickell Avenue, Suite 2400 Miami, FL 33131 Full Service B&M $2,019,778
The Northern Trust Company 62 Green Bay Road Winnetka, IL 60093 Full Service B&M $711,010
The Northern Trust Company 6320 Venture Drive Lakewood Ranch, FL 34202 Full Service B&M $163,571
The Northern Trust Company 660 Newport Center Drive Suite 1100 Newport Beach, CA 92660 Full Service B&M $507,493
The Northern Trust Company 755 Beachland Boulevard Vero Beach, FL 32963 Full Service B&M $462,223
The Northern Trust Company 770 East Atlantic Avenue Delray Beach, FL 33483 Full Service B&M $174,596
The Northern Trust Company 770 West Northwest Highway Barrington, IL 60010 Full Service B&M $102,917
The Northern Trust Company 7960 Summerlin Lakes Drive Fort Myers, FL 33907 Full Service B&M $209,662
The Northern Trust Company 80 S 8th St Minneapolis, MN 55402 Full Service B&M $36,881
The Northern Trust Company 800 Connecticut Avenue, N.W., Suite 200 Washington, DC 20006 Full Service B&M $28,400
The Northern Trust Company 98 San Jacinto Blvd Suite 350 Austin, TX 78701 Full Service B&M $25,550
The Northern Trust Company 100 Second Avenue South Saint Petersburg, FL 33701 Full Service B&M $0
The Northern Trust Company 1100 East Las Olas Boulevard Fort Lauderdale, FL 33301 Full Service B&M $644,345
The Northern Trust Company 11301 U.S. Highway 1 North Palm Beach, FL 33408 Full Service B&M $423,244
The Northern Trust Company 125 Summer St, Floor 14 Boston, MA 2110 Full Service B&M $173,928
The Northern Trust Company 1301 2nd Avenue, Suite 2600 Seattle, WA 98101 Full Service B&M $120,427
The Northern Trust Company 1401 Lawrence Street, Suite 1500 Denver, CO 80202 Full Service B&M $279,268

For 2021, The Northern Trust Company had 55 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $1,406,332
Net interest income $1,433,592
Total noninterest income $4,994,120
Gross Fiduciary activities income $4,282,028
Service charges on deposit accounts $50,997
Trading account gains and fees $308,338
Additional Noninterest Income $352,757
Pre-tax net operating income $2,036,902
Securities gains (or losses, -) $-334
Income before extraordinary items $1,554,728
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $1,554,728
Minority interest net income $285
Net income $1,554,443
Sale, conversion, retirement of capital stock, net $0
Net operating income $1,554,991

The Northern Trust Company's gross interest income from loans was $1,406,332,000.
The Northern Trust Company's net interest income from loans was $1,433,592,000.
The Northern Trust Company's fee based income from loans was $50,997,000.
The Northern Trust Company's net income from loans was $1,554,443,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $-27,260
Provision for credit losses $-81,468
Total noninterest expense $4,472,278
Salaries and employee benefits $2,345,839
Premises and equipment expense $332,112
Additional noninterest expense $1,794,327
Applicable income taxes $481,840
Net charge-offs $-6,362
Cash dividends $750,000

The Northern Trust Company's interest expense for loans was $-27,260,000.
The Northern Trust Company's payroll and benefits expense were $2,345,839,000.
The Northern Trust Company's property, plant and equipment expenses $332,112,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 1.0%
Multifamily residential loans 2.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 1.0%
Credit card loans 0.0%
Other individual loans 1.0%
Auto loans 0.0%
Other consumer loans 1.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $161,727,482
Deposits held in domestic offices $59,672,671
Deposits by Individuals, partnerships, and corporations $59,644,872
Deposits by U.S. Government $149
Deposits by States and political subdivisions in the U.S. $18,445
Deposits by Commercial banks and other depository institutions in U.S. $9,205
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $25,134,753
Demand deposits $25,134,753
Nontransaction accounts $34,537,918
Money market deposit accounts (MMDAs) $33,258,548
Other savings deposits (excluding MMDAs) $436,718
Total time deposits $842,651
Total time and savings deposits $34,537,918
Noninterest-bearing deposits $22,315,264
Interest-bearing deposits $37,357,407
Retail deposits $59,031,492
IRAs and Keogh plan accounts $90,844
Brokered deposits $0
Deposits held in foreign offices $102,054,811

Assets

Asset Value (in 000's)
Total Assets $183,743,482
Cash & Balances due from depository institutions $70,257,594
Interest-bearing balances $69,018,127
Total securities $60,889,092
Federal funds sold & reverse repurchase $686,365
Net loans and leases $40,342,148
Loan and leases loss allowance $138,424
Trading account assets $638,071
Bank premises and fixed assets $1,019,875
Other real estate owned $2,951
Goodwill and other intangibles $740,415
All other assets $9,166,971

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $183,743,482
Total Liabilities $172,622,321
Total deposits $161,727,482
Interest-bearing deposits $113,124,509
Deposits held in domestic offices $59,672,671
% insured (estimated) $7
Federal funds purchased and repurchase agreements $532,117
Trading liabilities $857,721
Other borrowed funds $5,433,317
Subordinated debt $960,444
All other liabilities $3,111,240

Issued Loan Types

Type Value (in 000's)
Net loans and leases $40,342,148
Loan and leases loss allowance $138,424
Total loans and leases (domestic) $40,480,572
All real estate loans $11,542,695
Real estate loans in domestic offices $11,542,695
Construction and development loans $571,742
Residential 1-4 family construction $95,936
Other construction, all land development and other land $475,806
Loans secured by nonfarm nonresidential properties $3,589,233
Nonfarm nonresidential secured by owner-occupied properties $1,016,408
Commercial real estate & other non-farm, non-residential $2,572,825
Multifamily residential real estate $1,288,835
1-4 family residential loans $6,086,741
Farmland loans $6,144
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $4,525,012
To non-U.S. addressees $165,165
Loans to individuals $423,749
Credit card loans $0
Related Plans $5,789
Consumer Auto Loans $103
Other loans to individuals $417,857
All other loans & leases $23,989,116
Loans to foreign governments and official institutions $0
Other loans $23,975,180
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $304,559
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $16,463
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $1,485,075

The Northern Trust Company had $40,342,148,000 of loans outstanding in 2021. $11,542,695,000 of loans were in real estate loans. $571,742,000 of loans were in development loans. $1,288,835,000 of loans were in multifamily mortgage loans. $6,086,741,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $103,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 122 $56,776 $465,377
Nonfarm, nonresidential loans - <$100k 4 $31 $7,750
Nonfarm, nonresidential loans - $100-250k 11 $1,159 $105,364
Nonfarm, nonresidential loans - $250k-1MM 107 $55,586 $519,495
Commercial & Industrial, US addressed loans - <$1MM 1,096 $206,490 $188,403
Commercial & Industrial, US addressed loans - <$100k 353 $16,327 $46,252
Commercial & Industrial, US addressed loans - $100-250k 374 $54,192 $144,898
Commercial & Industrial, US addressed loans - $250k-1MM 369 $135,971 $368,485
Farmland loans - <$1MM 1 $298 $298,000
Farmland loans - $250k-1MM 1 $298 $298,000