Bank of Montreal 2002 Annual Report Download - page 63

BMO FINANCIAL GROUP ANNUAL REPORT 2002 59
Total
2002 2001 2000 1999 1998
119 126 138 129 105
49 56 48 48 34
168 182 186 177 139
1,400 1,063 798 537 404
–– – – –
1,568 1,245 984 714 543
(1,180) (1,180) (1,080) (970) (885)
388 65 (96) (256) (342)
15.16 14.17 10.51 8.53 6.66
0.26 0.05 (0.07) (0.18) (0.25)
0.25 0.31 0.33 0.33 0.28
2.09 1.49 1.12 0.80 0.67
TABLE 12 Net Loans and Acceptances – Segmented Information ($ millions)
As at October 31 2002 2001 2000 1999 1998
Net Loans and Acceptances by Province
Atlantic provinces 5,787 4,644 4,460 4,137 4,250
Quebec 14,376 13,685 14,602 12,304 11,714
Ontario 51,115 49,554 43,794 37,317 34,421
Prairie provinces 12,779 13,365 14,722 13,941 13,741
British Columbia and Territories 14,708 12,516 13,120 12,809 12,915
Total net loans and acceptances in Canada 98,765 93,764 90,698 80,508 77,041
Net Diversified Commercial Loans by Industry (d)
Commercial mortgages 7,591 7,352 6,616 6,254 5,626
Commercial real estate 3,592 3,816 3,100 3,632 3,601
Construction (non-real estate) 722 931 1,156 1,782 1,056
Retail trade 3,039 3,181 3,092 3,217 2,556
Wholesale trade 2,884 2,912 2,976 3,984 3,912
Agriculture 2,693 2,659 2,475 2,772 2,471
Communications 2,724 3,261 3,079 1,994 2,200
Manufacturing 8,461 10,994 11,290 10,922 10,301
Mining 495 628 794 873 1,068
Oil and gas 3,611 4,023 4,566 5,090 5,149
Transportation 1,303 1,523 1,717 1,121 1,172
Utilities 1,418 1,590 1,624 1,279 1,319
Forest products 981 1,177 1,378 1,391 1,223
Service industries 6,680 6,658 6,871 6,944 6,600
Financial institutions 16,836 15,992 14,730 13,598 9,468
Other 3,976 4,590 5,540 2,171 2,185
Total net diversified commercial loans 67,006 71,287 71,004 67,024 59,907
TABLE 13 Net Impaired Loans and Acceptances – Segmented Information ($ millions)
As at October 31 2002 2001 2000 1999 1998
Net Impaired Diversified Commercial Loans(d)
Commercial mortgages 25 39 38 19 15
Commercial real estate 16 18 26 54 122
Construction (non-real estate) 347634
Retail trade 51 120 48 21 17
Wholesale trade 77 47 12 7 9
Agriculture 24 10 18 18 15
Communications 429 78 19 25 23
Manufacturing 273 126 81 48 41
Mining 96
– 11
Oil and gas 71 77 102 145 37
Transportation 130 167 153 61 49
Utilities 162 154 1 ––
Forest products 23 48 55 5 20
Service industries 63 102 115 127 47
Financial institutions 14 25 113 23 8
Other (e)(f) 30 (1) 11 (20) (4)
Total net impaired diversified commercial loans (b) 1,400 1,063 798 537 404
TABLE 14 Changes in Impaired Loans and Allowances ($ millions)
As at or for the year ended October 31 2002 2001 2000 1999 1998
Gross impaired loans and acceptances, beginning of year 2,014 1,501 1,092 824 787
Additions to impaired loans and acceptances 1,945 2,041 1,106 1,084 621
Reductions in impaired loans and acceptances (g) (738) (830) (446) (623) (389)
Net new additions 1,207 1,211 660 461 232
Write-offs (884) (698) (251) (193) (195)
Gross impaired loans and acceptances, end of year 2,337 2,014 1,501 1,092 824
Allowance for credit losses (ACL), beginning of year 1,949 1,597 1,348 1,166 1,145
Increases – specific allowance 884 950 390 290 106
Increases – general allowance – 100 110 85 110
Write-offs (h) (884) (698) (251) (193) (195)
Allowance for credit losses (i), end of year 1,949 1,949 1,597 1,348 1,166
Total
2002 2001 2000 1999 1998
44,334 38,741 36,553 35,370 33,325
2,280 1,527 1,407 1,160 797
21,164 19,099 18,033 16,904 16,086
67,778 59,367 55,993 53,434 50,208
67,006 71,287 71,004 67,024 59,907
15,664 14,954 16,308 25,090 27,520
82,670 86,241 87,312 92,114 87,427
328 337 222 205 288
150,776 145,945 143,527 145,753 137,923
(1,180) (1,180) (1,080) (970) (885)
149,596 144,765 142,447 144,783 137,038