Bank of Montreal 2010 Annual Report Download - page 106

SUPPLEMENTAL INFORMATION
Supplemental Information
104 BMO Financial Group 193rd Annual Report 2010
Table 16: Changes in Allowance for Credit Losses –
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
Allowance for credit losses,
beginning of year 830 708 692 651 687 1,011 998 362 403 435 61 41 1 4 6
Provision for credit losses 485 517 340 257 181 573 1,065 942 99 (3) (9) 21 48 (3) (2)
Transfer of allowance 8 – – 5 – 28 – – 7 – – – – – –
Recoveries 73 58 61 53 47 110 87 53 38 65 – – – – –
Write-offs (544) (451) (387) (274) (263) (670) (1,041) (576) (117) (75) (2) – (7) – –
Other, including foreign
exchange rate changes – (2) 2 – (1) (59) (98) 217 (68) (19) (8) (1) (1) – –
Allowance for credit losses,
end of year (1) 852 830 708 692 651 993 1,011 998 362 403 42 61 41 1 4
Allocation of Write-offs by Market
Consumer (430) (383) (303) (246) (229) (322) (302) (125) (43) (38) – – – – –
Commercial and corporate (114) (68) (84) (28) (34) (348) (739) (451) (74) (37) (2) – (7) – –
Allocation of Recoveries by Market
Consumer 76 57 56 50 39 61 47 35 22 21 – – – – –
Commercial and corporate (3) 1 5 3 8 49 40 18 16 44 – – – – –
Net write-offs as a % of
average loans and acceptances 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 2010 2009 2008 2007 2006 2010 2009 2008 2007 2006 2010 2009 2008 2007 2006
Consumer
Residential mortgages 42 33 13 14 5 10 – – – – – – – – –
Consumer instalment and
other personal loans 47 51 2 1 1 – – – – – – – – – –
Total consumer 89 84 15 15 6 10 – – – – – – – – –
Commercial and corporate 168 157 114 90 90 272 294 256 51 53 42 61 41 1 4
Off-balance sheet – – – – – 9 – – – – – – – – –
Total specific allowances 257 241 129 105 96 291 294 256 51 53 42 61 41 1 4
General allowance 595 589 579 587 555 702 717 742 311 350 – – – – –
Allowance for credit losses (1) 852 830 708 692 651 993 1,011 998 362 403 42 61 41 1 4
Coverage Ratios
Allowance for credit losses
as a % of gross impaired
loans and acceptances
Total 89.5 87.4 88.2 152.4 166.5 45.0 46.8 66.8 138.2 155.0 52.2 32.8 45.6 25.0 26.7
Consumer 21.6 20.1 4.8 8.3 3.8 3.1 – – – – – – na na na
Commercial and corporate 31.1 29.5 23.4 33.0 38.6 14.6 14.9 18.2 19.5 20.8 51.2 32.8 45.5 25.0 26.7
(1) Amounts for 2010 include $9 million related to Other Credit Instruments.
(2) 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.
un – unavailable
na – not applicable