TD Bank 2014 Annual Report Download - page 119

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS 117
(millions of Canadian dollars, except as noted) 2014 2013 2012
United States
Residential mortgages $ 10 $ 17 $ 15
Consumer instalment and other personal
HELOC 5 4 6
Indirect Auto 12 64 35
Other 20 22 19
Credit card 60 5 5
Total personal 107 112 80
Real estate
Residential 14 8 8
Non-residential 15 10 13
Total real estate 29 18 21
Total business and government (including real estate) 73 49 57
Total United States 180 161 137
Other International
Personal – – –
Business and government – – –
Total other international – – –
Other loans
Debt securities classified as loans – – –
Acquired credit-impaired loans1,2 7 9 1
Total other loans 7 9 1
Total recoveries on portfolio 533 394 287
Net write-offs (1,434) (1,424) (1,557)
Disposals – (41) –
Foreign exchange and other adjustments 112 46 20
Total allowance for credit losses 3,090 2,856 2,572
Less: Allowance for off-balance sheet positions3 62 1 (72)
Allowance for loan losses – Balance at end of year $ 3,028 $ 2,855 $ 2,644
Ratio of net write-offs in the period to average loans outstanding 0.31% 0.33% 0.39%
ALLOWANCE FOR CREDIT LOSSES (continued)
TABLE 71
1 Includes all FDIC covered loans and other ACI loans.
2 Other adjustments are required as a result of the accounting for FDIC covered
loans. For additional information, see “FDIC Covered Loans” section in Note 8
of the Bank’s Consolidated Financial Statements.
3 The allowance for credit losses for off-balance sheet instruments is recorded
in Other Liabilities on the Consolidated Balance Sheet.