Bank of Montreal 2010 Annual Report Download - page 104

SUPPLEMENTAL INFORMATION
Supplemental Information
102 BMO Financial Group 193rd Annual Report 2010
Table 11: Net Loans and Acceptances –
Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2010 2009 2008 2007 2006 2010 2009 2008 2007 2006 2010 2009 2008 2007 2006
Consumer
Residential mortgages
(1) 41,481 36,916 38,490 43,442 53,922 4,982 6,160 8,086 5,948 6,425 – – – – –
Cards 3,056 2,574 2,117 4,493 3,631 252 – 3 – – – – – – –
Consumer instalment and
other personal loans 41,112 35,296 31,633 24,393 20,482 10,000 10,477 12,102 8,795 9,935 – – – – –
Total consumer 85,649 74,786 72,240 72,328 78,035 15,234 16,637 20,191 14,743 16,360 – – – – –
Commercial and corporate 48,663 46,062 52,148 51,548 42,453 19,148 21,560 31,827 21,531 21,024 9,246 10,090 11,877 4,843 2,598
Total loans and acceptances,
net of specific allowances 134,312 120,848 124,388 123,876 120,488 34,382 38,197 52,018 36,274 37,384 9,246 10,090 11,877 4,843 2,598
General allowance (595) (589) (579) (587) (555) (702) (717) (742) (311) (350) – – – – –
Total net loans and acceptances 133,717 120,259 123,809 123,289 119,933 33,680 37,480 51,276 35,963 37,034 9,246 10,090 11,877 4,843 2,598
Table 12: Net Impaired Loans and Acceptances –
Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2010 2009 2008 2007 2006 2010 2009 2008 2007 2006 2010 2009 2008 2007 2006
Consumer
Residential mortgages 227 236 211 112 110 – – – – – – – – – –
Consumer instalment and
other personal loans 96 97 89 54 42 314 194 91 – 5 – – – – –
Total consumer 323 333 300 166 152 314 194 91 – 5 – – – – –
Commercial and corporate 372 376 374 183 143 1,591 1,673 1,147 211 202 40 125 49 3 11
Total impaired loans
and acceptances, net
of specific allowances 695 709 674 349 295 1,905 1,867 1,238 211 207 40 125 49 3 11
General allowance (595) (589) (579) (587) (555) (702) (717) (742) (311) (350) – – – – –
Total net impaired loans
and acceptances (NIL) 100 120 95 (238) (260) 1,203 1,150 496 (100) (143) 40 125 49 3 11
Condition Ratios
Gross impaired loans and
acceptances as a % of equity
and allowance for credit losses (2) un un un un un un un un un un un un un un un
NIL as a % of net loans
and acceptances
(3) 0.07 0.10 0.08 (0.19) (0.22) 3.57 3.07 0.97 (0.28) (0.39) 0.43 1.24 0.41 0.06 0.42
NIL as a % of net loans
and acceptances
(3)
Consumer 0.38 0.45 0.42 0.23 0.19 2.06 1.17 0.45 – 0.03 – – – – –
Commercial and corporate 0.76 0.82 0.72 0.36 0.34 8.31 7.76 3.60 0.98 0.96 0.43 1.24 0.41 0.06 0.42
(1) Excludes residential mortgages classified as commercial or corporate loans (2010 –
$2.1 billion, 2009 – $2.3 billion, 2008 – $2.7 billion, 2007 – $3.0 billion, 2006 – $2.9 billion).
(2) Effective 2010, the calculation excludes non-controlling interest in subsidiaries. Prior periods
have been restated to reflect this change. In addition, geographic allocations are not
available, as equity is not allocated on a country of risk basis.
(3) Aggregate balances are net of specific and general allowances; the consumer and
commercial and corporate categories are stated net of specific allowances only.
(4) Beginning with our 2009 reporting of net loans and acceptances by province, we changed
the source of our data for the provincial distribution table. This change resulted in a shift in
the provincial distribution to what we believe is a more accurate representation of our
portfolio. In 2009, we restated 2008 data to reflect this change. Data for periods prior to
2008 were not restated and therefore are not comparable.
(5) In 2009, the industry allocation of impaired loans for U.S. operations was revised to reclassify
impairment of commercial mortgages to the commercial mortgages category. Previously
commercial mortgages for U.S. operations were classified in applicable industry categories.
Periods prior to 2009 have not been restated
.
(6) Beginning in 2008, our industry segmentation was improved to provide a split between
government and financial institutions. For periods prior to 2008, this segmentation was not
available, and the financial institutions sector includes government loans.
(7) The U.S. portfolio acquired in the second quarter of 2010 included impaired loans with an
estimated value of $437 million, reduced to $327 million in the third quarter of 2010. Subsequent
changes in impaired loan balances on this portfolio are included in additions to or reductions in
impaired loans and acceptances, on a basis consistent with our other loans. All loans in the
acquired portfolio are covered by a loss sharing agreement, with the FDIC absorbing 80% of loan
losses. There were $302 million of gross impaired loans in this portfolio as at October 31, 2010.
(8) Includes amounts returning to performing status, sales, repayments, the impact of foreign
exchange, and offsets for consumer write-offs that are not recognized as formations.
(9) Amounts for 2010 exclude a $9 million allowance for Other Credit Instruments included in
Other Liabilities.
un – unavailable
Certain comparative figures in Table 11 have been reclassified to conform with the current
year’s presentation.