TD Bank 2014 Annual Report Download - page 163

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TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS 161
Allowance for Credit Losses
(millions of Canadian dollars) Balance Foreign Balance
as at Provision exchange as at
November 1 for credit and other October 31
2012 losses Write-offs Recoveries Disposals adjustments 2013
Counterparty-specific allowance
Business and government $ 170 $ 159 $ (208) $ 41 $ – $ (11) $ 151
Debt securities classified as loans 185 13 (11) – (22) 8 173
Total counterparty-specific allowance excluding acquired
credit-impaired loans 355 172 (219) 41 (22) (3) 324
Acquired credit-impaired loans1,2 31 13 (14) 5 – (11) 24
Total counterparty-specific allowance 386 185 (233) 46 (22) (14) 348
Collectively assessed allowance for individually
insignificant impaired loans
Residential mortgages 27 27 (53) 20 – 1 22
Consumer instalment and other personal 118 638 (822) 182 – 2 118
Credit card 83 536 (599) 106 – 2 128
Business and government 22 59 (87) 36 – – 30
Total collectively assessed allowance for individually
insignificant impaired loans excluding acquired
credit-impaired loans 250 1,260 (1,561) 344 – 5 298
Acquired credit-impaired loans1,2 67 36 (24) 4 – 10 93
Total collectively assessed allowance for individually
insignificant impaired loans 317 1,296 (1,585) 348 – 15 391
Collectively assessed allowance for incurred
but not identified credit losses
Residential mortgages 50 14 – – – 1 65
Consumer instalment and other personal 452 106 – – – 7 565
Credit card 671 91 – – – 5 767
Business and government 824 (16) – – – 25 833
Debt securities classified as loans 155 (45) – – (19) 7 98
Total collectively assessed allowance for incurred
but not identified credit losses 2,152 150 – – (19) 45 2,328
Allowance for credit losses
Residential mortgages 77 41 (53) 20 – 2 87
Consumer instalment and other personal 570 744 (822) 182 – 9 683
Credit card 754 627 (599) 106 – 7 895
Business and government 1,016 202 (295) 77 – 14 1,014
Debt securities classified as loans 340 (32) (11) – (41) 15 271
Total allowance for credit losses excluding acquired
credit-impaired loans 2,757 1,582 (1,780) 385 (41) 47 2,950
Acquired credit-impaired loans1,2 98 49 (38) 9 – (1) 117
Total allowance for credit losses 2,855 1,631 (1,818) 394 (41) 46 3,067
Less: Allowance for off-balance sheet positions3 211 (2) – – – 3 212
Allowance for loan losses $ 2,644 $ 1,633 $ (1,818) $ 394 $ (41) $ 43 $ 2,855
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 the “FDIC Covered Loans” section in
this Note.
3
The allowance for credit losses for off-balance sheet positions is recorded in
Other liabilities on the Consolidated Balance Sheet.