TD Bank 2001 Annual Report Download - page 36

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34
HOW WE PERFORMED IN 2001
MANAGEMENT’S DISCUSSION AND ANALYSIS OF OPERATING PERFORMANCE
TABLE 6 Other income
(millions of dollars) 2001 2000 1999 1998 1997
TD Waterhouse fees and commissions $ 1,002 $ 1,521 $ 979 $ 634 $ 467
Full service brokerage and other securities services 701 667 484 379 333
Mutual fund management 502 452 258 204 152
Credit fees 425 545 463 403 352
Net investment securities gains1216 382 362 386 329
Trading income 1,318 1,225 679 298 270
Service charges 589 463 289 283 268
Loan securitizations 272 236 94 33 –
Card services 249 233 190 180 165
Insurance 326 198 65 56 42
Trust fees 86 75 23 21 30
Gains on sale of investment real estate 350 ––––
Foreign exchange – non-trading 114 134 72 95 81
Property rental income 60 91 59 61 54
Other services 237 178 75 164 107
Total $ 6,447 $ 6,400 $ 4,092 $ 3,197 $ 2,650
Percentage increase over previous year .7% 56.4% 28.0% 20.6% 51.5%
1 Excludes special Knight/Trimark gain in 1999.
TABLE 5 Average earning balances and interest rates (TEB)
(millions of dollars) 2001 2000 1999
Average Average Average Average Average Average
balance Interest rate balance Interest rate balance Interest rate
Earning assets
Deposits with banks $ 7,810 $ 391 5.0% $ 8,253 $ 474 5.7% $ 7,943 $ 512 6.4%
Securities purchased under
resale agreements 26,511 1,462 5.5 23,561 1,350 5.7 24,401 1,156 4.7
Securities
Investment 28,696 1,535 5.3 27,210 1,512 5.6 15,922 898 5.6
Trading 70,375 2,636 3.7 60,607 1,932 3.2 48,715 2,062 4.2
Total securities 99,071 4,171 4.2 87,817 3,444 3.9 64,637 2,960 4.6
Loans
Residential mortgages 48,462 3,172 6.5 42,750 2,796 6.5 32,904 2,118 6.4
Consumer instalment and
other personal 32,071 2,612 8.1 32,026 2,762 8.6 17,981 1,409 7.8
Business and government 39,526 2,908 7.4 39,614 3,048 7.7 38,281 2,911 7.6
Total loans 120,059 8,692 7.2 114,390 8,606 7.5 89,166 6,438 7.2
Total earning assets $253,451 $ 14,716 5.8% $234,021 $ 13,874 5.9% $186,147 $ 11,066 5.9%
Interest-bearing liabilities
Deposits
Personal $ 93,733 $ 3,385 3.6% $ 81,174 $ 3,514 4.3% $ 50,640 $ 1,898 3.7%
Banks 31,210 1,667 5.3 35,562 1,960 5.5 30,078 1,675 5.6
Business and government 76,093 3,232 4.2 72,684 3,320 4.6 61,330 2,681 4.4
Total deposits 201,036 8,284 4.1 189,420 8,794 4.6 142,048 6,254 4.4
Subordinated notes and debentures 4,943 297 6.0 3,860 251 6.5 3,328 181 5.4
Obligations related to
securities sold short and
under repurchase agreements 43,567 1,488 3.4 35,950 985 2.7 34,280 1,430 4.2
Other interest-bearing liabilities 156 11 7.1 521 40 7.7 397 28 7.0
Total interest-bearing liabilities $249,702 $ 10,080 4.0% $ 229,751 $ 10,070 4.4% $ 180,053 $ 7,893 4.4%
Total net interest income (TEB) $ 4,636 $ 3,804 $ 3,173