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 Home Purchase, Refi, and Other loans. The Northern Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Chicago, Los Angeles, San Francisco, and New York among others. We have data for 130 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 a below average pick rate when compared to similar lenders. The Northern Trust Company is typically a high 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
802Origination Dollar Volume (All Markets)
$1,882,000,000Employee count
20,937Awards
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The Northern Trust Company - 2021
The Northern Trust Company is a 2021 , due to their low .
For 2021, 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 |
|---|---|---|---|---|---|
| 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, KY (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% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 802 | $1,882,000,000 | $2,346,633 | $10,916 | 2.79% |
For 2021, The Northern Trust Company's most frequently originated type of loan was Conventional, with 802 originations.
Loan Reason
For 2021, The Northern Trust Company's most frequently cited loan purpose was Home Purchase, with 310 originations. The 2nd most popular reason was Refi, with 255 originations.
Loan Duration/Length
For 2021, The Northern Trust Company's most frequently cited loan duration was 30 Year, with 672 originations. The 2nd most popular length was 15 Year, with 86 originations.
Origination Fees/Closing Costs
The Northern Trust Company's average total fees were $11,412, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.81%, while their most frequently originated rate bucket for loans was 2.5-3%, with 516 originations.
Loan Sizing
2021 saw The Northern Trust Company place emphasis on $1MM+ loans with 443 originations, totaling $1,674,065,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications95.92%
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 origination89.40%
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
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 | 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 |
| 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 | 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 | 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 | 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 | One Tower Lane, 24th Floor Oakbrook Terrace, IL 60181 | Full Service B&M | $623,683 |
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 |