TD Bank 2014 Annual Report Download - page 46

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS44
(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
Canada
Atlantic provinces $ 10,361 $ 7 $ 10,354 $ 9,695 $ 9,179 2.1% 2.1% 2.2%
British Columbia2 42,358 20 42,338 48,871 47,564 8.6 10.9 11.4
Ontario2 202,910 221 202,689 188,366 177,947 41.0 41.5 42.6
Prairies2 64,188 21 64,167 60,370 56,453 13.0 13.3 13.5
Quebec 37,208 15 37,193 27,780 26,162 7.5 6.1 6.2
Total Canada 357,025 284 356,741 335,082 317,305 72.2 73.9 75.9
United States
Carolinas (North and South) 6,555 13 6,542 5,314 3,259 1.3 1.2 0.8
Florida 9,019 14 9,005 6,802 4,567 1.8 1.5 1.1
New England3 32,437 64 32,373 29,477 25,891 6.5 6.5 6.2
New Jersey 24,596 45 24,551 20,253 15,026 5.0 4.4 3.6
New York 24,485 30 24,455 20,761 15,646 4.9 4.6 3.8
Pennsylvania 8,730 18 8,712 8,207 6,740 1.8 1.8 1.6
Other 25,629 19 25,610 19,352 18,438 5.2 4.3 4.4
Total United States 131,451 203 131,248 110,166 89,567 26.5 24.3 21.5
International
Europe 369 – 369 752 1,239 0.1 0.2 0.3
Other 1,764 – 1,764 1,498 1,425 0.4 0.3 0.3
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 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 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 for loan losses 2014 2013 2012
Canada 6.5% 5.6% 7.1%
United States 19.1 23.0 19.6
International (5.2) (15.5) (24.6)
Other loans (31.0) (29.9) (28.3)
Total 9.0% 8.5% 8.1%
(millions of Canadian dollars) Loans authorized Amount outstanding
Loan amount (dollars) 2014 2013 2012 2014 2013 2012
$0 – $24,999 $ 978 $ 956 $ 995 $ 362 $ 365 $ 387
$25,000 – $49,999 1,026 990 1,104 523 493 539
$50,000 – $99,999 2,010 1,952 2,129 1,089 1,035 1,140
$100,000 – $249,999 5,668 5,537 5,723 3,687 3,596 3,738
$250,000 – $499,999 7,637 7,167 7,145 5,521 5,109 5,070
$500,000 – $999,999 10,287 9,355 8,810 7,024 6,377 5,982
$1,000,000 – $4,999,999 34,737 31,212 28,138 21,607 19,434 17,409
Total1 $ 62,343 $ 57,169 $ 54,044 $ 39,813 $ 36,409 $ 34,265
1 Primarily based on the geographic location of the customer’s address.
2
The 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.
1 Personal loans used for business purposes are not included in these totals.
3 The states included in New England are as follows: Connecticut, Maine,
Massachusetts, New Hampshire, and Vermont.
LOANS AND ACCEPTANCES, NET OF COUNTERPARTY-SPECIFIC AND INDIVIDUALLY INSIGNIFICANT ALLOWANCES BY GEOGRAPHY
1
TABLE 26
LOANS TO SMALL AND MID-SIZED BUSINESS CUSTOMERS
TABLE 27
Loans authorized and amounts outstanding to Canadian and U.S. small
and mid-sized business customers are provided in the following table.