Bank of Montreal 1997 Annual Report Download - page 68

Bank of Montreal 180th Annual Report 199762
Supplemental Information Continued
Table 13 Impaired Loans and Acceptances by Accounting Classification ($ millions)
As at or for the year ended October 31 1997 1996 1995 1994 1993
Gross impaired loans and acceptances, beginning of year 1,397 1,730 2,447 4,249 4,232
Additions to impaired loans and acceptances 660 959 806 1,267 1,587
Reductions in impaired loans and acceptances (a) (936) (948) (1,073) (1,922) (747)
Net new additions (reductions) (276) 11 (267) (655) 840
Write-offs (334) (344) (450) (1,147) (823)
Gross impaired loans and acceptances, end of year 787 1,397 1,730 2,447 4,249
Allowance for credit losses (ACL) (c) , beginning of year 1,033 895 1,071 1,986 2,059
Increases – specific allowance 169 437 264 132 815
Increases – general allowance 200 0 125 50 0
Transfer of allowance 100 150 0 50 0
Write-offs (b) (357) (449) (565) (1,147) (888)
Allowance for credit losses (c) , end of year 1,145 1,033 895 1,071 1,986
Net impaired loans and acceptances (NIL), beginning of year 364 835 1,376 2,263 2,173
Change in gross impaired loans and acceptances (610) (333) (717) (1,802) 17
Change in allowance for credit losses (112) (138) 176 915 73
Net impaired loans and acceptances, end of year (358) 364 835 1,376 2,263
Table 14 Balance Sheet Summary ($ millions except as noted)
As at October 31 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988
Assets
Cash resources 32,245 24,187 20,317 14,659 12,081 11,288 13,607 12,502 8,581 10,170
Securities 41,789 36,609 33,019 26,535 23,328 22,581 17,862 12,238 9,761 9,946
Loans (net) 114,918 98,413 88,442 88,634 74,028 68,251 60,172 55,106 54,303 51,986
Acceptances 5,594 4,397 4,469 3,430 3,555 2,878 3,712 3,508 2,778 3,584
Other assets 13,292 6,226 5,587 4,917 3,877 4,037 3,372 4,016 3,498 3,223
Total assets 207,838 169,832 151,834 138,175 116,869 109,035 98,725 87,370 78,921 78,909
Liabilities and Shareholders’ Equity
Deposits 144,212 119,262 109,605 98,241 87,859 86,601 77,769 70,170 62,985 64,362
Other liabilities 50,892 39,670 32,602 31,178 20,961 15,604 14,836 11,801 10,860 9,456
Subordinated debt 3,831 3,314 2,595 2,218 2,363 1,666 1,570 1,473 1,329 1,307
Share capital
Preferred 1,274 857 858 860 852 832 718 475 650 450
Common 3,019 2,989 3,002 3,002 2,632 2,539 2,416 2,276 2,162 2,048
Retained earnings 4,610 3,740 3,172 2,676 2,202 1,793 1,416 1,175 935 1,286
Total liabilities and shareholders’ equity 207,838 169,832 151,834 138,175 116,869 109,035 98,725 87,370 78,921 78,909
Average Balances
Loans (d) 113,136 94,598 87,028 77,292 73,918 66,469 58,227 53,793 53,110 52,538
Assets (d) 196,721 158,316 144,115 122,234 113,387 104,591 94,118 81,971 78,878 79,312
Table 15 Unrealized Gains on Securities and Reserves (e) ($ millions)
As at October 31 1997 1996 1995 1994 1993
Securities
Designated LDC 43 91 200 247 35
Other securities 293 148 156 (74) 369
Associated corporation (Grupo Financiero Bancomer) 118 132 na na na
454 371 356 173 404
General allowance for credit losses 775 475 325 200 100
Fair value of past due interest bonds 57 100 95 101 0
Loans to designated LDC 24 4 (12) 134
834 579 424 289 234
Total 1,288 950 780 462 638
(a) Loans and acceptances returning to performing status, sales and repayments.
(b) Write-offs on designated LDC include losses on sales of performing assets that were
charged directly against the allowance (1997 – $3 million, 1996 – $109 million,
1995 – $115 million, 1994 – $0, 1993 – $65 million).
(c)
Excludes ACL for off-balance sheet exposure. Also excludes LDC reservations in excess
of impaired loans (1997 – $93 million, 1996 – $108 million, 1995 – $360 million,
1994 – $425 million, 1993 – $0).
(d) Daily averages for 1990 to 1997.
(e) Securities and LDC loans.
na – Not applicable.