TD Bank 2007 Annual Report Download - page 54

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2007 Management’s Discussion and Analysis50
TABLE 26 IMPAIRED LOANS NET OF SPECIFIC ALLOWANCE BY INDUSTRY SECTOR
(millions of Canadian dollars, except percentage amounts) Percentage of total
2007 2006 2005 2007 2006 2005
Canada
Residential mortgages $ 16 $ 9 $ 8 4.4%3.3%3.7%
Consumer installment and other personal 97 73 43 26.5 27.1 19.8
Total residential and personal 113 82 51 30.9 30.4 23.5
Real estate development
Commercial and industrial 1– 2 0.3 –0.9
Residential –– 2 ––0.9
Total real estate 1– 4 0.3 –1.8
Agriculture 612 49 1.6 4.5 22.6
Apparel and textile –– 3 ––1.4
Automotive 618 10 1.6 6.7 4.6
Chemical ––10 ––4.6
Construction 13 2 5 3.6 0.7 2.3
Financial 1– 1 0.3 –0.5
Food, beverage and tobacco 11 2 0.3 0.4 0.9
Forestry 10 34 –2.7 12.6 –
Health and social services 1– 2 0.3 –0.9
Media and entertainment ––(1)––(0.5)
Metals and mining 32 1 0.8 0.7 0.5
Oil and gas –– 1 ––0.5
Retail 23 3 0.5 1.1 1.4
Sundry manufacturing 32 5 0.8 0.7 2.3
Telecommunications –– – –– –
Transportation 11 1 0.3 0.4 0.5
Utilities –– – –– –
All other loans 53 – 1.4 1.1 –
Total business and government 53 78 96 14.5 28.9 44.3
Total Canada 166 160 147 45.4 59.3 67.8
United States
Residential mortgages 24 16 12 6.6 5.9 5.5
Consumer installment and other personal 22 15 96.0 5.6 4.1
Total residential and personal 46 31 21 12.6 11.5 9.6
Real estate development
Commercial and industrial 29 21 23 7.9 7.8 10.5
Residential 74 9 1 20.2 3.3 0.5
Shopping Centres 81 1 2.2 0.4 0.5
Real Estate Services –6 4 – 2.2 1.8
Total real estate 111 37 29 30.3 13.7 13.3
Agriculture 1– – 0.3 – –
Apparel and textile 21 – 0.5 0.4 –
Automotive 31 – 0.8 0.4 –
Cable –– – –– –
Chemical 1– – 0.3 – –
Construction 56 3 1.4 2.2 1.4
Financial 11 1 – 3.1 0.4 –
Food, beverage and tobacco 22 1 0.5 0.7 0.5
Forestry 2– 1 0.5 –0.5
Health and social services 11 – 0.3 0.4 –
Media and entertainment 32 1 0.8 0.7 0.5
Metals and mining 23 4 0.5 1.1 1.8
Retail 42 – 1.1 0.7 –
Sundry manufacturing 413 6 1.1 4.8 2.7
Telecommunications –– – –– –
Transportation 23 1 0.5 1.1 0.5
Utilities –– 1 –– 0.5
All other loans –7 2 –2.6 0.9
Total business and government 154 79 49 42.0 29.2 22.6
Total United States 200 110 70 54.6 40.7 32.2
Impaired loans net of specific allowance $ 366 $ 270 $ 217 100.0%100.0%100.0%
Net impaired loans as a % of common equity 1.7%1.4%1.4%