TD Bank 2012 Annual Report Download - page 125

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TD BANK GROUP ANNUAL REPORT 2012 FINANCIAL RESULTS 123
Allowance for Credit Losses1
(millions of Canadian dollars) Balance Foreign Balance
as at Provision exchange as at
November 1 for credit and other October 31
2010 losses Write-offs Recoveries adjustments 2011
Counterparty-specific allowance
Business and government $ 276 $ 218 $ (338) $ 63 $ (31) $ 188
Debt securities classified as loans 140 85 (48) – 2 179
Total counterparty-specific allowance excluding acquired
credit-impaired loans 416 303 (386) 63 (29) 367
Acquired credit-impaired loans2,3 – 55 (28) – 3 30
Total counterparty-specific allowance 416 358 (414) 63 (26) 397
Collectively assessed allowance for individually
insignificant impaired loans
Residential mortgages 31 28 (41) 13 1 32
Consumer instalment and other personal 117 581 (694) 106 4 114
Credit card 66 370 (419) 47 – 64
Business and government 47 92 (137) 35 (3) 34
Total collectively assessed allowance for individually
insignificant impaired loans excluding acquired
credit-impaired loans 261 1,071 (1,291) 201 2 244
Acquired credit-impaired loans2,3 – 26 (11) – 15 30
Total collectively assessed allowance for individually
insignificant impaired loans 261 1,097 (1,302) 201 17 274
Collectively assessed allowance for incurred
but not identified credit losses
Residential mortgages 35 (4) – – (1) 30
Consumer instalment and other personal 409 (2) – – (2) 405
Credit card 292 20 – – – 312
Business and government 1,011 31 – – (12) 1,030
Debt securities classified as loans 163 (10) – – (4) 149
Total collectively assessed allowance for incurred
but not identified credit losses 1,910 35 – – (19) 1,926
Allowance for credit losses
Residential mortgages 66 24 (41) 13 – 62
Consumer instalment and other personal 526 579 (694) 106 2 519
Credit card 358 390 (419) 47 – 376
Business and government 1,334 341 (475) 98 (46) 1,252
Debt securities classified as loans 303 75 (48) – (2) 328
Total allowance for credit losses excluding acquired-credit
impaired loans 2,587 1,409 (1,677) 264 (46) 2,537
Acquired credit-impaired loans2,3 – 81 (39) – 18 60
Total allowance for credit losses 2,587 1,490 (1,716) 264 (28) 2,597
Less: Allowance for off-balance sheet positions4 278 3 – – 2 283
Allowance for loan losses $ 2,309 $ 1,487 $ (1,716) $ 264 $ (30) $ 2,314
1
Certain comparative amounts have been reclassified to conform with the
presentation adopted in the current year.
2
Includes all FDIC covered loans and other acquired credit-impaired loans.
3
Other adjustments are required as a result of the accounting for FDIC covered
loans. For additional information, see “FDIC Covered Loans” section in this Note.
4
The allowance for credit losses for off-balance sheet instruments is recorded in
provisions on the Consolidated Balance Sheet.