TD Bank 2011 Annual Report Download - page 147

TD BANK GROUP ANNUAL REPORT 2011 FINANCIAL RESULTS 145
Non-Retail Financial Assets Subject to the AIRB Approach by Risk Rating
(millions of Canadian dollars) Non-
Investment investment Watch and Impaired/
grade grade classified defaulted Total
2011
Loans
Residential mortgages $ 41,353 $ – $ – $ – $ 41,353
Consumer instalment and other personal 31,644 37 – – 31,681
Business and government 22,671 19,309 678 117 42,775
Debt securities classified as loans 5,061 486 538 – 6,085
Total loans 100,729 19,832 1,216 117 121,894
Securities – held-to-maturity 6,990 – – – 6,990
Securities purchased under reverse repurchase agreement 47,894 3,712 – – 51,606
Customers’ liability under acceptances 3,866 3,867 79 2 7,814
Other assets1 10,092 98 10 – 10,200
Total assets 169,571 27,509 1,305 119 198,504
Off-balance sheet credit instruments 51,935 5,614 71 5 57,625
Total $ 221,506 $ 33,123 $ 1,376 $ 124 $ 256,129
2010
Loans
Residential mortgages $ 37,285 $ – $ – $ – $ 37,285
Consumer instalment and other personal 32,616 153 – – 32,769
Business and government 17,648 16,668 719 224 35,259
Debt securities classified as loans 6,414 151 495 – 7,060
Total loans 93,963 16,972 1,214 224 112,373
Securities – held-to-maturity 9,715 – – – 9,715
Securities purchased under reverse repurchase agreement 42,146 6,359 113 – 48,618
Customers’ liability under acceptances 3,948 3,699 101 4 7,752
Other assets1 18,684 4 1 – 18,689
Total assets 168,456 27,034 1,429 228 197,147
Off-balance sheet credit instruments 44,612 5,071 174 9 49,866
Total $ 213,068 $ 32,105 $ 1,603 $ 237 $ 247,013
1 Other assets include amounts due from banks and interest-bearing deposits with banks.
Retail Financial Assets Subject to the AIRB Approach by Risk Rating1
(millions of Canadian dollars) Low risk Normal risk Medium risk High risk Default Total
2011
Loans
Residential mortgages $ 10,089 $ 14,399 $ 6,390 $ 1,278 $ 141 $ 32,297
Consumer instalment and other personal 7,417 21,968 19,240 5,290 281 54,196
Credit card 892 2,212 2,887 1,857 62 7,910
Business and government 259 2,190 2,241 1,370 73 6,133
Total loans 18,657 40,769 30,758 9,795 557 100,536
Total assets 18,657 40,769 30,758 9,795 557 100,536
Off-balance sheet credit instruments 20,247 16,933 5,916 1,316 5 44,417
Total $ 38,904 $ 57,702 $ 36,674 $ 11,111 $ 562 $ 144,953
2010
Loans
Residential mortgages $ 8,069 $ 10,156 $ 4,556 $ 1,230 $ 112 $ 24,123
Consumer instalment and other personal 6,550 22,166 17,047 5,060 241 51,064
Credit card 714 2,012 2,848 2,301 61 7,936
Business and government 218 1,944 2,088 1,355 71 5,676
Total loans 15,551 36,278 26,539 9,946 485 88,799
Total assets 15,551 36,278 26,539 9,946 485 88,799
Off-balance sheet credit instruments 17,680 16,179 6,125 1,432 5 41,421
Total $ 33,231 $ 52,457 $ 32,664 $ 11,378 $ 490 $ 130,220
1 Credit exposures relating to the Bank’s insurance subsidiaries have been excluded.
The financial instruments held by the insurance subsidiaries are mainly comprised
of available-for-sale securities and securities designated as trading under the fair
value option, which are carried at fair value on the Consolidated Balance Sheet.
The following tables provide the on and off-balance sheet exposures
by risk rating for certain non-retail and retail financial assets that are
subject to the Advanced Internal Rating Based (AIRB) approach to
credit risk in the Basel II Capital Accord. Under the AIRB approach,
assets receive a risk rating based on internal models of the Bank’s
historical loss experience (by counterparty type) and on other key risk
assumptions. Refer to the Managing Risk – Credit Risk section of the
MD&A for a discussion on the credit risk rating for non-retail and retail
exposures subject to the AIRB approach.