TD Bank 2014 Annual Report Download - page 45

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS 43
(millions of Canadian dollars, except as noted) As at Percentage of total
October 31 October 31 October 31 October 31 October 31 October 31
2014 2013 2012 2014 2013 2012
Counterparty-
specific and
individually
Gross insignificant Net Net Net
loans allowances loans loans loans
United States
Residential mortgages $ 23,335 $ 9 $ 23,326 $ 20,937 $ 17,349 4.7% 4.6% 4.2%
Consumer instalment and other personal
HELOC 11,665 19 11,646 10,591 10,101 2.4 2.3 2.4
Indirect Auto 18,782 5 18,777 16,319 13,463 3.8 3.6 3.2
Other 615 2 613 532 489 0.1 0.2 0.1
Credit card 7,637 94 7,543 6,887 1,085 1.5 1.5 0.3
Total personal 62,034 129 61,905 55,266 42,487 12.5 12.2 10.2
Real estate
Residential 4,294 6 4,288 3,458 2,997 0.9 0.8 0.7
Non-residential 14,037 14 14,023 12,064 10,797 2.8 2.7 2.6
Total real estate 18,331 20 18,311 15,522 13,794 3.7 3.5 3.3
Agriculture 363 – 363 289 275 0.1 0.1 0.1
Automotive 2,530 1 2,529 1,848 1,538 0.5 0.4 0.4
Financial 3,344 2 3,342 2,005 1,953 0.7 0.4 0.5
Food, beverage, and tobacco 2,086 1 2,085 1,653 1,321 0.4 0.4 0.3
Forestry 470 1 469 530 410 0.2 0.1 0.1
Government, public sector entities,
and education 6,423 1 6,422 4,463 3,276 1.2 0.9 0.8
Health and social services 7,376 5 7,371 5,773 4,941 1.5 1.3 1.2
Industrial construction and trade contractors 1,306 6 1,300 1,214 1,086 0.3 0.3 0.3
Metals and mining 1,076 1 1,075 1,055 999 0.2 0.2 0.2
Pipelines, oil, and gas 940 – 940 521 829 0.2 0.1 0.2
Power and utilities 1,269 – 1,269 1,155 1,116 0.3 0.3 0.3
Professional and other services 6,412 9 6,403 5,339 4,379 1.2 1.1 1.0
Retail sector 3,159 9 3,150 2,567 2,294 0.6 0.6 0.5
Sundry manufacturing and wholesale 4,269 12 4,257 3,714 3,055 0.9 0.8 0.7
Telecommunications, cable, and media 1,987 2 1,985 1,656 1,175 0.4 0.4 0.3
Transportation 7,166 2 7,164 4,882 3,559 1.3 1.0 0.8
Other 910 2 908 714 1,080 0.3 0.2 0.3
Total business and government 69,417 74 69,343 54,900 47,080 14.0 12.1 11.3
Total United States 131,451 203 131,248 110,166 89,567 26.5 24.3 21.5
International
Personal 9 – 9 10 11 – – –
Business and government 2,124 – 2,124 2,240 2,653 0.5 0.5 0.6
Total international 2,133 – 2,133 2,250 2,664 0.5 0.5 0.6
Total excluding other loans 490,609 487 490,122 447,498 409,536 99.2 98.7 98.0
Other loans
Debt securities classified as loans 2,695 213 2,482 3,571 4,809 0.5 0.8 1.1
Acquired credit-impaired loans2 1,713 97 1,616 2,368 3,669 0.3 0.5 0.9
Total other loans 4,408 310 4,098 5,939 8,478 0.8 1.3 2.0
Total $ 495,017 $ 797 $ 494,220 $ 453,437 $ 418,014 100.0% 100.0% 100.0%
Incurred but not identified allowance
Personal, business and government 2,172 2,018 1,788
Debt securities classified as loans 59 98 155
Total incurred but not identified allowance 2,231 2,116 1,943
Total, net of allowance $ 491,989 $ 451,321 $ 416,071
Percentage change over previous year – loans
and acceptances, net of counterparty-specific
and individually insignificant allowances 9.0% 8.5% 8.1%
Percentage change over previous year –
loans and acceptances, net of allowance 9.0 8.5 8.1
LOANS AND ACCEPTANCES, NET OF COUNTERPARTY-SPECIFIC AND INDIVIDUALLY INSIGNIFICANT
ALLOWANCES BY INDUSTRY SECTOR (continued)1
TABLE 25
1 Primarily based on the geographic location of the customer’s address.
2 Includes all FDIC covered loans and other acquired credit-impaired loans.