TD Bank 2009 Annual Report Download - page 55

TD BANK FINANCIAL GROUP ANNUAL REPORT 2009 MANAGEMENT’S DISCUSSION AND ANALYSIS 51
(millions of Canadian dollars, except as noted) Percentage of total
2009 2008 2007 2009 2008 2007
Canada
Atlantic provinces $ 2,719 $ 2,592 $ 2,365 1.0% 1.1% 1.3%
British Columbia and territories115,973 13,785 6,049 6.0 5.9 3.2
Ontario1142,521 128,563 117,032 53.9 55.5 62.8
Prairies120,729 18,135 15,789 7.9 7.8 8.5
Québec 6,789 6,255 11,872 2.6 2.7 6.4
Total Canada 188,731 169,330 153,107 71.4 73.0 82.2
United States
Connecticut 4,379 3,984 3,429 1.6 1.7 1.8
Florida 1,315 1,425 156 0.5 0.6 0.1
Maine 3,925 4,004 3,464 1.5 1.7 1.8
Massachusetts 9,107 8,373 7,332 3.4 3.6 3.9
New Hampshire 3,709 3,539 3,158 1.4 1.5 1.7
New Jersey 13,104 9,162 2,597 4.9 4.0 1.4
New York 13,103 13,756 5,748 4.9 5.9 3.1
Pennsylvania 5,350 6,945 853 2.0 3.0 0.5
Vermont 1,995 1,974 1,717 0.8 0.9 0.9
Washington D.C. 125 717 12 –0.3 –
Others 4,263 3,086 1,115 1.6 1.4 0.6
Total United States260,375 56,965 29,581 22.6 24.6 15.8
Other International
Europe 1,598 2,618 1,584 0.6 1.1 0.9
Other 3,079 2,935 2,014 1.2 1.3 1.1
Total other international 4,677 5,553 3,598 1.8 2.4 2.0
Total excluding debt securities classified as loans 253,783 231,848 186,286 95.8 100.0 100.0
Debt securities classified as loans311,101 ––4.2 ––
Total net of specific allowance 264,884 231,848 186,286 100.0% 100.0% 100.0%
General allowance
General allowance – loan losses 1,533 1,184 1,092
General allowance – debt securities classified as loans3277 ––
Total general allowance 1,810 1,184 1,092
Total net of allowance for loan losses $ 263,074 $ 230,664 $ 185,194
Percentage change over previous year –
loans and acceptances, net of loan losses 2009 2008
Canada 11.5% 10.6%
United States 6.0 92.6
Other international (15.8) 54.3
Total 14.1% 24.6%
LOANS AND ACCEPTANCES NET OF SPECIFIC ALLOWANCE FOR LOAN LOSSES BY GEOGRAPHY
TABLE 24
1
The territories are included as follows: Yukon is included in British Columbia; Nunavut
is included in Ontario; and Northwest Territories is included in the Prairies region.
2Includes trading loans that the Bank intends to sell immediately or in the near
term with a fair value of $140 million (amortized cost of $142 million), and loans
designated as trading under the fair value option of $210 million (amortized cost
of $226 million). No allowance is recorded for trading loans or loans designated
as trading under the fair value option.
3As a result of the 2009 Amendments to CICA Handbook Section 3855, certain
available-for-sale and held-to-maturity securities were reclassified to loans, as
described in the “Changes in Accounting Policies during the Current Year” section.
(millions of Canadian dollars) Loans authorized Amount outstanding
2009 2008 2007 2009 2008 2007
Loan amount
$0 – $24,999 $ 1,246 $ 1,191 $ 1,221 $ 568 $ 549 $ 601
$25,000 – $49,999 1,239 1,097 1,138 734 639 681
$50,000 – $99,999 2,072 1,973 1,800 1,170 1,098 996
$100,000 – $249,999 4,493 4,623 3,697 2,737 2,870 2,229
$250,000 – $499,999 4,672 4,760 3,648 2,853 3,034 2,128
$500,000 – $999,999 5,161 5,614 3,889 2,757 3,284 1,981
$1,000,000 – $4,999,999 15,309 18,203 11,863 7,306 9,987 5,405
Total1$ 34,192 $ 37,461 $ 27,256 $ 18,125 $ 21,461 $ 14,021
LOANS TO SMALL AND MID-SIZED BUSINESS CUSTOMERS
TABLE 25
1Personal loans used for business purposes are not included in these totals.
Loans authorized and amounts outstanding to Canadian and U.S. small
and mid-sized business customers are provided below.