Bank of Montreal 2012 Annual Report Download - page 113

Supplemental Information
SUPPLEMENTAL INFORMATION
Table 16: Changes in Allowance for Credit Losses –
Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2012 2011 2010 2009 2008 2012 2011 2010 2009 2008 2012 2011 2010 2009 2008
Allowance for credit losses, beginning
of year 932 927 830 708 692 1,067 1,004 1,011 998 362 12 42 61 41 1
Provision for credit losses 633 680 485 517 340 135 533 573 1,065 942 (3) (1) (9) 21 48
Transfer of allowance ––8 – – ––28 – ––––––
Recoveries 95 81 73 58 61 751 160 110 87 53 –––––
Write-offs (640) (723) (544) (451) (387) (953) (578) (670) (1,041) (576) (1) (29) (2) – (7)
Other, including foreign exchange
rate changes (52) (33) – (2) 2 (50) (52) (59) (98) 217 10 – (8) (1) (1)
Allowance for credit losses, end of year (11) 968 932 852 830 708 950 1,067 993 1,011 998 18 12 42 61 41
Allocation of Write-offs by Market
Consumer (564) (587) (430) (383) (303) (492) (289) (322) (302) (125) –––––
Commercial and corporate (76) (136) (114) (68) (84) (461) (289) (348) (739) (451) (1) (29) (2) – (7)
Allocation of Recoveries by Market
Consumer 91 80 76 57 56 125 61 61 47 35 –––––
Commercial and corporate 41 (3) 1 5 626 99 49 40 18 –––––
Net write-offs as a % of average loans and
acceptances (4) un un un un un un un un un un un un un un un
Net write-offs as a % of average loans and
acceptances excluding purchased portfolios (4) un un un un un un un un un un un un un un un
Table 17: Allocation of Allowance for Credit Losses –
Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2012 2011 2010 2009 2008 2012 2011 2010 2009 2008 2012 2011 2010 2009 2008
Consumer
Residential mortgages 36 38 42 33 13 30 34 10 – – –––––
Consumer instalment and other
personal loans 55 54 47 51 2 75– –––––––
Total consumer 91 92 89 84 15 37 39 10 – – –––––
Commercial and corporate 172 153 168 157 114 129 218 272 294 256 18 12 42 61 41
Off-balance sheet –––––29 45 9 – – –––––
Total specific allowances 263 245 257 241 129 195 302 291 294 256 18 12 42 61 41
Collective allowance 705 687 595 589 579 755 765 702 717 742 –––––
Allowance for credit losses 968 932 852 830 708 950 1,067 993 1,011 998 18 12 42 61 41
Coverage Ratios
Allowance for credit losses as a % of gross
impaired loans and acceptances (4)
Total 109.3 97.4 89.5 87.4 88.2 45.0 59.6 52.9 46.8 66.8 41.9 85.7 51.2 32.8 45.6
Consumer 27.0 24.8 21.6 20.1 4.8 5.7 10.1 3.2 – – ––––
na
Commercial and corporate 31.3 26.1 31.1 29.5 23.4 9.2 16.4 17.5 14.9 18.2 41.9 85.7 51.2 32.8 45.5
Allowance for credit losses as a % of gross
impaired loans and acceptances excluding
purchased portfolios (4)
Total 109.3 97.4 89.5 87.4 88.2 63.6 60.1 52.9 46.8 66.8 41.9 85.7 51.2 32.8 45.6
un – unavailable
na – not applicable
110 BMO Financial Group 195th Annual Report 2012