TD Bank 2011 Annual Report Download - page 32

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TD BANK GROUP ANNUAL REPORT 2011 MANAGEMENT’S DISCUSSION AND ANALYSIS30
BUSINESS SEGMENT ANALYSIS
U.S. Personal and Commercial Banking
Operating under the brand name, TD Bank, America’s Most Convenient Bank, U.S. Personal and Commercial
Banking offers a full range of banking services to more than 7 million customers including individuals,
businesses, and governments.
(millions of Canadian dollars)
NET INCOME
10 1109
0
$1,500
$1,200
600
900
300
$1,255
(percent)
EFFICIENCY RATIO
10 1109
80%
60
40
20
0
61%
(millions of dollars) Canadian dollars U.S. dollars
2011 2010 2009 2011 2010 2009
Consumer loans $ 34,993 $ 24,026 $ 20,371 $ 35,109 $ 23,550 $ 18,900
Business and government loans 43,146 41,545 36,108 43,289 40,722 33,500
Debt securities classified as loans2 3,804 5,054 7,900 3,817 4,954 7,302
Investment securities 42,541 36,590 27,998 41,682 35,866 25,879
Other assets 3,467 11,164 12,261 3,478 10,943 11,333
Total $ 127,951 $ 118,379 $ 104,638 $ 127,375 $ 116,035 $ 96,914
ASSETS1
TABLE 22
1 Excluding all goodwill and other intangibles.
2 As a result of the 2009 Amendments to CICA Handbook Section 3855, certain
available-for-sale and held-to-maturity securities were reclassified to loans.