The Northern Trust Company Mortgage Rates, Fees & Info
Chicago, ILLEI: 6PTKHDJ8HDUF78PFWH30
Tax ID: 36-1561860
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Review & Overview
The Northern Trust Company is a small mortgage company specializing in Refi and Home Purchase loans. The Northern Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Miami, New York, Los Angeles, and San Francisco among others. We have data for 119 markets. (Some data included below & more in-depth data is available with an active subscription.)The Northern Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. The Northern Trust Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.94% | 4/21/24 |
| 30 Year Conventional Refi | 5.81% | 4/21/24 |
| 15 Year Conventional Purchase | 5.64% | 4/21/24 |
| 15 Year Conventional Refi | 5.84% | 4/21/24 |
| 15 Year Cash-out Refi | 5.84% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The Northern Trust Company Mortgage Calculator
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This is not an official calculator from The Northern Trust Company. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
578Origination Dollar Volume (All Markets)
$1,112,330,000Employee count
19,619Awards
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The Northern Trust Company - 2019
The Northern Trust Company is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 85 | $208,955,000 | $2,458,294 | $8,104 | 3.54% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 51 | $103,665,000 | $2,032,647 | $9,326 | 3.47% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 15 | $91,625,000 | $6,108,333 | $11,876 | 3.51% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 37 | $83,945,000 | $2,268,784 | $5,865 | 3.36% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 23 | $50,395,000 | $2,191,087 | $9,231 | 3.36% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 18 | $47,220,000 | $2,623,333 | $6,446 | 3.58% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $38,735,000 | $38,735,000 | $0 | 4.69% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $37,620,000 | $18,810,000 | $3,901 | 3.58% |
| Outside of Metro Areas | 16 | $29,900,000 | $1,868,750 | $4,536 | 3.60% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 16 | $29,100,000 | $1,818,750 | $11,974 | 3.54% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $28,130,000 | $2,344,167 | $5,419 | 3.62% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $27,815,000 | $27,815,000 | $0 | 4.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 27 | $23,345,000 | $864,630 | $4,859 | 3.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 14 | $22,980,000 | $1,641,429 | $4,632 | 3.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $14,425,000 | $961,667 | $10,204 | 3.68% |
| Glenwood Springs, CO (FHA|USDA|VA) | 3 | $13,145,000 | $4,381,667 | $6,505 | 3.29% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $12,505,000 | $12,505,000 | $0 | 3.03% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $10,765,000 | $978,636 | $6,455 | 3.52% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 7 | $10,445,000 | $1,492,143 | $5,606 | 3.70% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $9,760,000 | $976,000 | $9,122 | 3.08% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $9,740,000 | $974,000 | $12,129 | 3.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $9,555,000 | $9,555,000 | $0 | 4.48% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $9,465,000 | $1,893,000 | $8,314 | 3.43% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $8,230,000 | $685,833 | $10,009 | 3.52% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $8,015,000 | $1,603,000 | $5,604 | 3.78% |
| Whitewater, WI (FHA|USDA|VA) | 4 | $7,620,000 | $1,905,000 | $5,835 | 3.69% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 7 | $7,365,000 | $1,052,143 | $10,937 | 3.86% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 5 | $6,625,000 | $1,325,000 | $7,814 | 3.15% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $6,090,000 | $1,522,500 | $18,470 | 3.09% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $5,630,000 | $1,407,500 | $10,410 | 3.44% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 9 | $5,555,000 | $617,222 | $4,920 | 3.18% |
| Key West, FL (FHA|USDA|VA) | 6 | $5,450,000 | $908,333 | $12,731 | 3.77% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 9 | $5,375,000 | $597,222 | $6,502 | 3.46% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $5,335,000 | $1,067,000 | $4,684 | 3.46% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 9 | $5,335,000 | $592,778 | $5,218 | 3.46% |
| Hilo, HI (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 4.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $4,995,000 | $1,665,000 | $18,380 | 3.79% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $4,510,000 | $2,255,000 | $26,048 | 3.56% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $4,110,000 | $2,055,000 | $7,005 | 3.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $3,950,000 | $987,500 | $5,195 | 3.34% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $3,690,000 | $1,845,000 | $5,568 | 3.31% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 3 | $3,515,000 | $1,171,667 | $3,694 | 3.50% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $3,360,000 | $1,680,000 | $19,700 | 3.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $3,225,000 | $1,075,000 | $4,666 | 4.08% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $3,220,000 | $1,610,000 | $2,767 | 3.06% |
| Heber, UT (FHA|USDA|VA) | 4 | $3,210,000 | $802,500 | $4,641 | 3.38% |
| Jackson, WY-ID (FHA|USDA|VA) | 3 | $3,195,000 | $1,065,000 | $3,958 | 3.29% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $3,075,000 | $3,075,000 | $0 | 3.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $2,750,000 | $687,500 | $9,378 | 3.38% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $2,540,000 | $1,270,000 | $4,598 | 3.56% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $16,841 | 3.13% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $2,295,000 | $2,295,000 | $0 | 3.13% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $2,250,000 | $1,125,000 | $2,015 | 3.62% |
| Hailey, ID (FHA|USDA|VA) | 1 | $2,065,000 | $2,065,000 | $10,120 | 3.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $2,015,000 | $2,015,000 | $6,082 | 3.25% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 3.13% |
| Holland, MI (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $21,658 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $1,995,000 | $1,995,000 | $11,452 | 4.25% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $5,477 | 3.13% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $8,338 | 3.38% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $1,440,000 | $720,000 | $5,485 | 2.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $3,933 | 3.19% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $4,392 | 2.88% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $6,170 | 3.90% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $6,264 | 3.13% |
| Durango, CO (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $0 | 3.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $7,755 | 3.56% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $1,120,000 | $560,000 | $3,418 | 4.06% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $1,110,000 | $555,000 | $3,058 | 3.44% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $6,104 | 4.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 3.75% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $5,485 | 3.00% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 3.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $0 | 3.38% |
| Edwards, CO (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $3,262 | 3.13% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $5,154 | 3.13% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $13,880 | 3.63% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $5,535 | 3.13% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $10,548 | 2.75% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $4,346 | 3.63% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $2,798 | 3.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $5,015 | 3.25% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $4,411 | 2.88% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,353 | 4.06% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,159 | 3.44% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 4.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $4,576 | 2.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $6,790 | 4.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $6,603 | 3.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,085 | 3.13% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $3,323 | 4.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $2,785 | 3.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,471 | 3.13% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,619 | 4.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,012 | 3.56% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,137 | 3.63% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.75% |
| Bennington, VT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,103 | 4.13% |
| Auburn, NY (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $10,474 | 4.13% |
| Torrington, CT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,115 | 3.38% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 3.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,065 | 3.00% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,437 | 3.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,246 | 4.13% |
| NILES, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,059 | 3.88% |
| MONROE, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.63% |
| Concord, NH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,090 | 3.50% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,155 | 2.88% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.38% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,193 | 3.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,850 | 2.63% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,457 | 3.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,857 | 3.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,554 | 3.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,024 | 3.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,791 | 3.38% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.75% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,359 | 3.63% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 578 | $1,112,330,000 | $1,924,446 | $7,680 | 3.49% |
For 2019, The Northern Trust Company's most frequently originated type of loan was Conventional, with 578 originations.
Loan Reason
For 2019, The Northern Trust Company's most frequently cited loan purpose was Refi, with 234 originations. The 2nd most popular reason was Home Purchase, with 228 originations.
Loan Duration/Length
For 2019, The Northern Trust Company's most frequently cited loan duration was 30 Year, with 455 originations. The 2nd most popular length was 15 Year, with 81 originations.
Origination Fees/Closing Costs
The Northern Trust Company's average total fees were $8,149, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 455 originations.
Interest Rates
During 2019, The Northern Trust Company's average interest rate for loans was 3.44%, while their most frequently originated rate bucket for loans was 3-4%, with 355 originations.
Loan Sizing
2019 saw The Northern Trust Company place emphasis on $1MM+ loans with 238 originations, totaling $937,500,000 in origination value.
Applicant Income
The Northern Trust Company lent most frequently to those with incomes in the $250k+ range, with 239 originations. The second most popular income band? $150k-250k, with 66 originations.
Applicant Debt to Income Ratio
The Northern Trust Company lent most frequently to those with DTI ratios of 20-30%, with 156 originations. The next most common DTI ratio? 30-36%, with 109 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.67%
The Northern Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination90.66%
The Northern Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 11428.83 | 1 | $2,415,000 | $2,415,000 |
| 12751.55 | 1 | $1,425,000 | $1,425,000 |
| 1365.2 | 1 | $335,000 | $335,000 |
| 13660.0 | 1 | $1,005,000 | $1,005,000 |
| 18009.65 | 1 | $3,505,000 | $3,505,000 |
| 2152.65 | 1 | $505,000 | $505,000 |
| 2903.65 | 1 | $175,000 | $175,000 |
| 2924.65 | 1 | $305,000 | $305,000 |
| 3007.95 | 1 | $965,000 | $965,000 |
| 3025.32 | 1 | $605,000 | $605,000 |
| 3045.9 | 1 | $155,000 | $155,000 |
| 3159.65 | 1 | $125,000 | $125,000 |
| 3180.91 | 1 | $165,000 | $165,000 |
| 3482.95 | 1 | $1,195,000 | $1,195,000 |
| 3530.95 | 1 | $425,000 | $425,000 |
| 3637.97 | 1 | $795,000 | $795,000 |
| 3826.8 | 1 | $905,000 | $905,000 |
| 3932.65 | 1 | $1,145,000 | $1,145,000 |
| 4095.65 | 1 | $405,000 | $405,000 |
| 4257.65 | 1 | $2,035,000 | $2,035,000 |
| 4563.15 | 1 | $305,000 | $305,000 |
| 4588.65 | 1 | $575,000 | $575,000 |
| 4628.6 | 1 | $915,000 | $915,000 |
| 4697.65 | 1 | $285,000 | $285,000 |
| 4847.95 | 1 | $505,000 | $505,000 |
| 4869.65 | 1 | $2,805,000 | $2,805,000 |
| 4923.95 | 1 | $1,125,000 | $1,125,000 |
| 5078.65 | 1 | $2,205,000 | $2,205,000 |
| 5102.65 | 1 | $405,000 | $405,000 |
| 5143.95 | 1 | $2,005,000 | $2,005,000 |
| 5167.65 | 1 | $375,000 | $375,000 |
| 5212.65 | 1 | $755,000 | $755,000 |
| 5889.65 | 1 | $505,000 | $505,000 |
| 6365.65 | 1 | $1,405,000 | $1,405,000 |
| 6408.76 | 1 | $785,000 | $785,000 |
| 6588.15 | 1 | $755,000 | $755,000 |
| 6679.15 | 1 | $515,000 | $515,000 |
| 6817.15 | 1 | $755,000 | $755,000 |
| 7537.65 | 1 | $775,000 | $775,000 |
| 7990.45 | 1 | $3,075,000 | $3,075,000 |
| 8132.6 | 1 | $605,000 | $605,000 |
| 8482.5 | 1 | $4,805,000 | $4,805,000 |
| 8683.07 | 1 | $755,000 | $755,000 |
| 9091.1 | 1 | $1,005,000 | $1,005,000 |
| NA | 534 | $1,065,740,000 | $1,995,768 |
Occupancy Type Mix
LTV Distribution
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 | $226,761 |
| The Northern Trust Company | 100 Oliver Street Boston, MA 2110 | Full Service B&M | $158,118 |
| The Northern Trust Company | 100 Second Avenue South Saint Petersburg, FL 33701 | Full Service B&M | $1,824 |
| The Northern Trust Company | 101 South Cross Street Wheaton, IL 60187 | Full Service B&M | $34,425 |
| The Northern Trust Company | 1100 East Las Olas Boulevard Fort Lauderdale, FL 33301 | Full Service B&M | $518,781 |
| The Northern Trust Company | 11301 U.S. Highway 1 North Palm Beach, FL 33408 | Full Service B&M | $362,575 |
| The Northern Trust Company | 120 East Oak Street Chicago, IL 60611 | Full Service B&M | $15,855 |
| The Northern Trust Company | 1301 2nd Avenue, Suite 2600 Seattle, WA 98101 | Full Service B&M | $82,157 |
| The Northern Trust Company | 1401 Lawrence Street, Suite 1500 Denver, CO 80202 | Full Service B&M | $203,334 |
| The Northern Trust Company | 14624 N. Scottsdale Road, Suite 100 Scottsdale, AZ 85254 | Full Service B&M | $155,437 |
| The Northern Trust Company | 1485 East Valley Road (Montecito) Santa Barbara, CA 93108 | Full Service B&M | $171,808 |
| The Northern Trust Company | 1515 Ringling Boulevard Sarasota, FL 34236 | Full Service B&M | $451,868 |
| The Northern Trust Company | 165 Mason Street Greenwich, CT 6830 | Full Service B&M | $272,324 |
| The Northern Trust Company | 190 Carondelet Plaza Saint Louis, MO 63105 | Full Service B&M | $61,781 |
| The Northern Trust Company | 1995 Village Center Circle Las Vegas, NV 89134 | Full Service B&M | $111,659 |
| The Northern Trust Company | 200 Public Square Suite 3200 Cleveland, OH 44114 | Full Service B&M | $21,613 |
| The Northern Trust Company | 201 South Lake Avenue, Suite 600 Pasadena, CA 91101 | Full Service B&M | $121,631 |
| The Northern Trust Company | 2049 Century Park East, Suite 3600 Los Angeles, CA 90067 | Full Service B&M | $402,446 |
| The Northern Trust Company | 2201 Southeast Kingswood Terrace, Monterey Commons Stuart, FL 34996 | Full Service B&M | $128,674 |
| The Northern Trust Company | 2398 East Camelback Road Suite 1100 Phoenix, AZ 85016 | Full Service B&M | $366,985 |
| The Northern Trust Company | 250 Royal Palm Way Palm Beach, FL 33480 | Full Service B&M | $187,202 |
| The Northern Trust Company | 2500 Sand Hill Road, Suite 150 Menlo Park, CA 94025 | Full Service B&M | $165,411 |
| The Northern Trust Company | 2501 North Harwood Street Suite 2010 Dallas, TX 75201 | Full Service B&M | $696,581 |
| The Northern Trust Company | 265 East Deerpath Road Lake Forest, IL 60045 | Full Service B&M | $488,439 |
| The Northern Trust Company | 26790 South Tamiami Trail Bonita Springs, FL 34134 | Full Service B&M | $148,047 |
| The Northern Trust Company | 2701 Kirby Drive Houston, TX 77098 | Full Service B&M | $546,895 |
| The Northern Trust Company | 301 Commerce Street, Suite 3050 Fort Worth, TX 76102 | Full Service B&M | $22,209 |
| The Northern Trust Company | 3100 North Military Trail Boca Raton, FL 33431 | Full Service B&M | $152,040 |
| The Northern Trust Company | 328 Crandon Boulevard Suite 101 Key Biscayne, FL 33149 | Full Service B&M | $195,738 |
| The Northern Trust Company | 3282 Northside Pkwy Nw Ste 100 Atlanta, GA 30327 | Full Service B&M | $121,750 |
| The Northern Trust Company | 3450 East Sunrise Drive Suite 100 Tucson, AZ 85718 | Full Service B&M | $192,160 |
| The Northern Trust Company | 40 West 57th Street, 21st Floor New York, NY 10019 | Full Service B&M | $212,430 |
| The Northern Trust Company | 4001 Tamiami Trail North Naples, FL 34103 | Full Service B&M | $430,855 |
| The Northern Trust Company | 405 Eighth Street South Naples, FL 34102 | Full Service B&M | $190,792 |
| The Northern Trust Company | 425 North Florida Avenue Tampa, FL 33602 | Full Service B&M | $344,205 |
| The Northern Trust Company | 45 Ottawa Ave Nw Suite 500 Grand Rapids, MI 49503 | Full Service B&M | $56,356 |
| The Northern Trust Company | 4747 Executive Drive, Suite 1100 San Diego, CA 92122 | Full Service B&M | $170,814 |
| The Northern Trust Company | 50 South Lasalle Street Chicago, IL 60603 | Full Service B&M | $21,532,651 |
| The Northern Trust Company | 526 E Wisconsin Ave Milwaukee, WI 53202 | Full Service B&M | $101,103 |
| The Northern Trust Company | 5540 Preston Road Dallas, TX 75205 | Full Service B&M | $132,612 |
| The Northern Trust Company | 575 Redwood Highway Mill Valley, CA 94941 | Full Service B&M | $47,628 |
| The Northern Trust Company | 580 California Street Suite 1800 San Francisco, CA 94104 | Full Service B&M | $394,208 |
| The Northern Trust Company | 595 Biltmore Way Coral Gables, FL 33134 | Full Service B&M | $394,566 |
| The Northern Trust Company | 600 Bering Drive Houston, TX 77057 | Full Service B&M | $31 |
| The Northern Trust Company | 600 Brickell Avenue, Suite 2400 Miami, FL 33131 | Full Service B&M | $1,503,971 |
| The Northern Trust Company | 62 Green Bay Road Winnetka, IL 60093 | Full Service B&M | $551,144 |
| The Northern Trust Company | 6320 Venture Drive Lakewood Ranch, FL 34202 | Full Service B&M | $104,577 |
| The Northern Trust Company | 660 Newport Center Drive Suite 1100 Newport Beach, CA 92660 | Full Service B&M | $244,612 |
| The Northern Trust Company | 755 Beachland Boulevard Vero Beach, FL 32963 | Full Service B&M | $356,330 |
| The Northern Trust Company | 770 East Atlantic Avenue Delray Beach, FL 33483 | Full Service B&M | $150,664 |
| The Northern Trust Company | 770 West Northwest Highway Barrington, IL 60010 | Full Service B&M | $96,047 |
| The Northern Trust Company | 7960 Summerlin Lakes Drive Fort Myers, FL 33907 | Full Service B&M | $183,575 |
| The Northern Trust Company | 80 S 8th St Minneapolis, MN 55402 | Full Service B&M | $19,878 |
| The Northern Trust Company | 800 Connecticut Avenue, N.W., Suite 200 Washington, DC 20006 | Full Service B&M | $26,278 |
| The Northern Trust Company | 98 San Jacinto Blvd Suite 350 Austin, TX 78701 | Full Service B&M | $19,776 |
| The Northern Trust Company | One Oakbrook Terrace Oak Brook Terrace, IL 60181 | Full Service B&M | $498,318 |
For 2019, The Northern Trust Company had 56 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $2,502,084 |
| Net interest income | $1,684,085 |
| Total noninterest income | $4,284,073 |
| Gross Fiduciary activities income | $3,792,655 |
| Service charges on deposit accounts | $51,717 |
| Trading account gains and fees | $264,567 |
| Additional Noninterest Income | $175,134 |
| Pre-tax net operating income | $1,934,951 |
| Securities gains (or losses, -) | $-1,358 |
| Income before extraordinary items | $1,464,479 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,464,479 |
| Minority interest net income | $287 |
| Net income | $1,464,192 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,465,551 |
The Northern Trust Company's gross interest income from loans was $2,502,084,000.
The Northern Trust Company's net interest income from loans was $1,684,085,000.
The Northern Trust Company's fee based income from loans was $51,717,000.
The Northern Trust Company's net income from loans was $1,464,192,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $817,999 |
| Provision for credit losses | $-8,771 |
| Total noninterest expense | $4,041,978 |
| Salaries and employee benefits | $2,112,486 |
| Premises and equipment expense | $330,339 |
| Additional noninterest expense | $1,599,153 |
| Applicable income taxes | $469,114 |
| Net charge-offs | $-738 |
| Cash dividends | $2,025,000 |
The Northern Trust Company's interest expense for loans was $817,999,000.
The Northern Trust Company's payroll and benefits expense were $2,112,486,000.
The Northern Trust Company's property, plant and equipment expenses $330,339,000.
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 | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 2.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $111,739,078 |
| Deposits held in domestic offices | $39,160,947 |
| Deposits by Individuals, partnerships, and corporations | $39,140,679 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $15,879 |
| Deposits by Commercial banks and other depository institutions in U.S. | $4,389 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $18,076,735 |
| Demand deposits | $18,076,734 |
| Nontransaction accounts | $21,084,212 |
| Money market deposit accounts (MMDAs) | $19,753,851 |
| Other savings deposits (excluding MMDAs) | $343,712 |
| Total time deposits | $986,649 |
| Total time and savings deposits | $21,084,213 |
| Noninterest-bearing deposits | $14,174,029 |
| Interest-bearing deposits | $24,986,918 |
| Retail deposits | $38,449,588 |
| IRAs and Keogh plan accounts | $105,375 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $72,578,131 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $135,885,433 |
| Cash & Balances due from depository institutions | $43,471,738 |
| Interest-bearing balances | $41,091,357 |
| Total securities | $50,897,903 |
| Federal funds sold & reverse repurchase | $712,785 |
| Net loans and leases | $31,305,059 |
| Loan and leases loss allowance | $104,525 |
| Trading account assets | $954,385 |
| Bank premises and fixed assets | $974,460 |
| Other real estate owned | $3,138 |
| Goodwill and other intangibles | $763,941 |
| All other assets | $6,802,024 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $135,885,433 |
| Total Liabilities | $126,535,598 |
| Total deposits | $111,739,078 |
| Interest-bearing deposits | $85,387,252 |
| Deposits held in domestic offices | $39,160,947 |
| % insured (estimated) | $11 |
| Federal funds purchased and repurchase agreements | $889,939 |
| Trading liabilities | $1,624,061 |
| Other borrowed funds | $8,908,812 |
| Subordinated debt | $961,393 |
| All other liabilities | $2,412,315 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $31,305,059 |
| Loan and leases loss allowance | $104,525 |
| Total loans and leases (domestic) | $31,409,584 |
| All real estate loans | $10,115,184 |
| Real estate loans in domestic offices | $10,114,989 |
| Construction and development loans | $464,905 |
| Residential 1-4 family construction | $79,728 |
| Other construction, all land development and other land | $385,177 |
| Loans secured by nonfarm nonresidential properties | $2,900,336 |
| Nonfarm nonresidential secured by owner-occupied properties | $874,641 |
| Commercial real estate & other non-farm, non-residential | $2,025,695 |
| Multifamily residential real estate | $646,455 |
| 1-4 family residential loans | $6,086,381 |
| Farmland loans | $16,912 |
| Loans held in foreign offices | $195 |
| Farm loans | $0 |
| Commercial and industrial loans | $4,081,883 |
| To non-U.S. addressees | $183,344 |
| Loans to individuals | $310,409 |
| Credit card loans | $0 |
| Related Plans | $6,051 |
| Consumer Auto Loans | $43 |
| Other loans to individuals | $304,315 |
| All other loans & leases | $16,902,108 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $16,796,180 |
| Loans to depository institutions and acceptances of other banks | $1,266 |
| Loans not secured by real estate | $184,796 |
| Loans secured by real estate to non-U.S. addressees | $195 |
| Restructured Loans & leases | $27,562 |
| Non 1-4 family restructured loans & leases | $1,222 |
| Total loans and leases (foreign) | $1,268,663 |
The Northern Trust Company had $31,305,059,000 of loans outstanding in 2019. $10,115,184,000 of loans were in real estate loans. $464,905,000 of loans were in development loans. $646,455,000 of loans were in multifamily mortgage loans. $6,086,381,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $43,000 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 | 181 | $78,169 | $431,873 |
| Nonfarm, nonresidential loans - <$100k | 5 | $83 | $16,600 |
| Nonfarm, nonresidential loans - $100-250k | 27 | $3,654 | $135,333 |
| Nonfarm, nonresidential loans - $250k-1MM | 149 | $74,432 | $499,544 |
| Commercial & Industrial, US addressed loans - <$1MM | 886 | $176,745 | $199,486 |
| Commercial & Industrial, US addressed loans - <$100k | 265 | $13,489 | $50,902 |
| Commercial & Industrial, US addressed loans - $100-250k | 264 | $34,032 | $128,909 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 357 | $129,224 | $361,972 |