TD Bank 2011 Annual Report Download - page 45

TD BANK GROUP ANNUAL REPORT 2011 MANAGEMENT’S DISCUSSION AND ANALYSIS 43
Loans authorized and amounts outstanding to Canadian and U.S. small
and mid-sized business customers are provided below.
(millions of Canadian dollars, except as noted) Percentage of total
2011 2010 2009 2011 2010 2009
Gross Specific Net Net Net
loans
allowance loans loans loans
Canada
Atlantic provinces $ 3,031 $ 5 $ 3,026 $ 2,820 $ 2,719 1.0% 1.0% 1.0%
British Columbia and territories2 16,343 17 16,326 16,290 15,973 5.2 5.8 6.0
Ontario2 174,359 165 174,194 152,849 142,521 55.6 54.7 53.8
Prairies2 21,187 19 21,168 20,973 20,729 6.8 7.5 7.9
Québec 7,852 15 7,837 7,130 6,789 2.5 2.6 2.6
Total Canada 222,772 221 222,551 200,062 188,731 71.1 71.6 71.3
United States
Carolinas (North and South) 1,692 6 1,686 664 – 0.5 0.2 –
Florida 2,642 7 2,635 1,585 1,315 0.8 0.6 0.5
New England3 23,272 71 23,201 24,328 23,115 7.4 8.7 8.7
New Jersey 12,081 47 12,034 12,387 13,104 3.9 4.4 4.9
New York 12,205 19 12,186 11,155 13,140 3.9 4.0 5.0
Pennsylvania 5,801 25 5,776 5,580 5,350 1.9 2.0 2.0
Other 17,555 33 17,522 5,717 4,351 5.6 2.1 1.6
Total United States4 75,248 208 75,040 61,416 60,375 24.0 22.0 22.7
International
Europe 1,582 – 1,582 2,382 1,598 0.5 0.9 0.6
Other 1,950 – 1,950 891 3,079 0.6 0.3 1.2
Total international 3,532 – 3,532 3,273 4,677 1.1 1.2 1.8
Total excluding other loans 301,552 429 301,123 264,751 253,783 96.2 94.8 95.8
Other loans 12,071 239 11,832 14,491 11,101 3.8 5.2 4.2
Total $ 313,623 $ 668 $ 312,955 $ 279,242 $ 264,884 100.0% 100.0% 100.0%
General allowance 1,645 1,632 1,810
Total, net of allowance $ 311,310 $ 277,610 $ 263,074
Percentage change over previous year – loans and acceptances,
net of specific allowance 2011 2010
Canada 11.2% 6.0%
United States 22.2 1.7
International 7.9 (30.0)
Other loans (18.3) 30.5
LOANS AND ACCEPTANCES, NET OF SPECIFIC ALLOWANCE BY GEOGRAPHY1
TABLE 31
1 Based on geographic location of unit responsible for recording revenue.
2 Th
e 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.
3 The states included in New England are as follows: Connecticut, Maine,
Massachusetts, New Hampshire, and Vermont.
1 Personal loans used for business purposes are not included in these totals.
4 Includes trading loans that the Bank intends to sell immediately or in the near
term with a fair value of $253 million (2010 – $188 million) and amortized cost
of $253 million (2010 – $188 million), and loans designated as trading under
the fair value option of $14 million (2010 – $85 million) and amortized cost of
$5 million (2010 – $86 million). No allowance is recorded for trading loans or loans
designated as trading under the fair value option.
(millions of Canadian dollars) Loans authorized Amount outstanding
Loan amount 2011 2010 2009 2011 2010 2009
$0 – $24,999 $ 7,084 $ 3,456 $ 1,246 $ 475 $ 516 $ 568
$25,000 – $49,999 1,292 1,264 1,239 712 723 734
$50,000 – $99,999 1,791 2,260 2,072 1,333 1,382 1,170
$100,000 – $249,999 4,323 5,776 4,493 3,929 4,090 2,737
$250,000 – $499,999 7,377 6,698 4,672 5,122 5,042 2,853
$500,000 – $999,999 8,898 7,848 5,161 5,892 5,785 2,757
$1,000,000 – $4,999,999 26,248 20,557 15,309 16,058 14,404 7,306
Total1 $ 57,013 $ 47,859 $ 34,192 $ 33,521 $ 31,942 $ 18,125
LOANS TO SMALL AND MID-SIZED BUSINESS CUSTOMERS
TABLE 32