TD Bank 2001 Annual Report Download - page 40

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38
HOW WE PERFORMED IN 2001
MANAGEMENT’S DISCUSSION AND ANALYSIS OF OPERATING PERFORMANCE
TABLE 13 Impact on net interest income due to impaired loans
(millions of dollars) 2001 2000 1999
Reduction in net interest income due to impaired loans $ 127 $ 103 $ 63
Recoveries (25) (15) (11)
Net reduction $ 102 $88$52
TABLE 12 Impaired loans less allowance for credit losses at year end
(millions of dollars)
Canada1United States1Other international1Total
By sector 2001 2000 2001 2000 2001 2000 2001 2000 1999
Residential mortgages $82$69 $ – $ – $ – $ – $82$69 $46
Consumer instalment and
other personal 94 47 ––––94 47 27
Total residential and personal 176 116 ––––176 116 73
Real estate development
Commercial and industrial 516 ––––516 13
Residential 62––––622
Retail –––––––––
Real estate services 22––––224
Total real estate 13 20 ––––13 20 19
Agriculture 22 21 ––––22 21 16
Apparel and textile (5) (4) –8––(5) 468
Automotive 4211––536
Cable –––––––––
Chemical 2–––––2– 1
Construction 8(2) 33 –1342 15
Financial 1–––––1– 2
Food, beverage and tobacco 96––––9647
Forestry 24 28 ––––24 28 50
Health and social services 4––95 ––495 59
Media and entertainment 19 25 ––10 –29 25 9
Metals and mining 3–––––3– 2
Oil and gas 1–––––1–18
Retail (2) –––––(2) – 8
Sundry manufacturing 39 –63 21 ––102 21 21
Telecommunications ––276 46 4–280 46 6
Transportation 137 143 36 40 ––173 183 3
Utilities 25 25 147 66 35 13 207 104 29
All other loans 24––––2413
Total business and government 306 268 556 277 50 16 912 561 382
Total net impaired loans before
general allowances $ 482 $ 384 $ 556 $ 277 $50 $16 $ 1,088 $ 677 $ 455
Less: general allowances 1,141 836 712
Total net impaired loans $ (53) $ (159) $ (257)
Net impaired loans as a %
of common equity (.4)% (1.4)% (2.4)%
2001 2000 1999
By location12001 2000 1999 % mix % mix % mix
Canada
Atlantic $8 $7 $9 .7 1.0 2.0
Québec 25 40 37 2.3 5.9 8.1
Ontario 383 297 254 35.2 43.9 55.8
Prairies 31 17 24 2.9 2.5 5.3
British Columbia 35 23 16 3.2 3.4 3.5
Total Canada 482 384 340 44.3 56.7 74.7
United States 556 277 102 51.1 40.9 22.4
Other international 50 16 13 4.6 2.4 2.9
Total net impaired loans before
general allowances $1,088 $ 677 $ 455 100.0 100.0 100.0
Less: general allowances 1,141 836 712
Total net impaired loans $ (53) $ (159) $ (257)
Net impaired loans as a % of net loans2–% (.1)% (.3)%
1Based on geographic location of unit responsible for recording revenue.
2Includes customers’ liability under acceptances.