TD Bank 2001 Annual Report Download - page 80

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78
FINANCIAL RESULTS
(millions of dollars) 2001 2000 1999
Consolidated Assets
balance sheet Cash resources $ 5,945 $ 4,187 $ 6,226
Securities purchased under resale agreements 20,205 13,974 25,708
Securities 97,194 85,387 69,093
Loans 68,866 76,321 56,002
Residential mortgages 50,807 44,400 31,483
Customers’ liability under acceptances 9,122 9,812 9,040
Trading derivatives’ market revaluation121,435 14,258 9,651
Goodwill and intangible assets from business combinations 6,616 7,835 909
Land, buildings, equipment and other assets 7,648 8,644 6,305
Total $287,838 $264,818 $214,417
Liabilities
Deposits – personal $ 95,982 $ 92,488 $ 52,774
– other 97,932 93,320 87,612
Acceptances 9,122 9,812 9,040
Obligations related to securities sold short 21,436 19,007 15,044
Obligations related to securities sold under repurchase agreements 14,637 8,856 19,241
Trading derivatives’ market revaluation121,770 12,802 8,473
Other liabilities 7,391 9,644 7,148
268,270 245,929 199,332
Subordinated notes and debentures 4,892 4,883 3,217
Non-controlling interest in subsidiaries 1,272 1,656 335
Shareholders’ equity
Capital stock – preferred 1,492 1,251 833
– common 2,259 2,060 2,006
Retained earnings 9,653 9,039 8,694
13,404 12,350 11,533
Total $287,838 $264,818 $214,417
Consolidated statement Interest income $ 14,471 $ 13,675 $ 10,874
of income2Interest expense 10,080 10,070 7,893
Net interest income 4,391 3,605 2,981
Provision for credit losses 920 480 275
Net interest income after credit loss provision 3,471 3,125 2,706
Other income
Investment and securities services 2,205 2,640 1,721
Credit fees 425 545 463
Net investment securities gains 216 382 362
Trading income 1,318 1,225 679
Service charges 589 463 289
Loan securitizations 272 236 94
Card services 249 233 190
Insurance 326 198 65
Trust fees 86 75 23
Gains on sale of investment real estate 350 ––
Other 411 403 206
6,447 6,400 4,092
Net interest and other income 9,918 9,525 6,798
Special gains3––1,840
Net interest and other income, including special gains 9,918 9,525 8,638
Non-interest expenses
Salaries and employee benefits 3,708 3,399 2,483
Occupancy including depreciation 592 498 373
Equipment including depreciation 656 561 395
Restructuring costs 239 475 –
Other 1,969 1,849 1,257
Non-interest expenses excluding non-cash goodwill/intangible
amortization 7,164 6,782 4,508
Income before provision for income taxes 2,754 2,743 4,130
Provision for income taxes 697 919 1,100
Income before non-controlling interest in subsidiaries 2,057 1,824 3,030
Non-controlling interest in net income of subsidiaries 45 77 5
Net income – cash basis 2,012 1,747 3,025
Preferred dividends 83 56 43
Net income applicable to common shares – cash basis $ 1,929 $ 1,691 $ 2,982
Non-cash goodwill/intangible amortization, net of tax 629 722 44
Net income applicable to common shares – reported basis $ 1,300 $ 969 $ 2,938
Ten-year statistical review