TD Bank 2014 Annual Report Download - page 49

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS 47
(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
Gross individually Net Net Net
impaired insignificant impaired impaired impaired
loans allowances loans loans loans
Canada
Residential mortgages4 $ 440 $ 13 $ 427 $ 434 $ 465 19.0% 19.3% 22.1%
Consumer instalment and other personal
HELOC 268 19 249 301 306 11.1 13.4 14.6
Indirect Auto 39 22 17 16 14 0.8 0.7 0.7
Other 63 43 20 21 30 0.9 0.9 1.4
Credit card 171 105 66 43 95 2.9 2.0 4.5
Total personal 981 202 779 815 910 34.7 36.3 43.3
Real estate
Residential 22 12 10 13 15 0.4 0.6 0.7
Non-residential 6 2 4 5 1 0.2 0.2 0.1
Total real estate 28 14 14 18 16 0.6 0.8 0.8
Agriculture 6 1 5 5 4 0.3 0.2 0.2
Automotive 1 – 1 – 2 – – 0.1
Financial 1 – 1 1 21 – 0.1 1.0
Food, beverage, and tobacco 1 1 – 3 2 – 0.1 0.1
Forestry 2 – 2 1 4 0.1 0.1 0.2
Government, public sector entities,
and education 5 2 3 4 2 0.1 0.2 0.1
Health and social services 7 2 5 2 17 0.3 0.1 0.8
Industrial construction and
trade contractors 7 6 1 6 6 – 0.2 0.3
Metals and mining 2 1 1 9 1 – 0.4 0.1
Pipelines, oil, and gas 6 5 1 20 1 – 0.9 0.1
Power and utilities – – – – – – – –
Professional and other services 30 26 4 3 4 0.2 0.1 0.2
Retail sector 18 11 7 18 22 0.4 0.8 1.0
Sundry manufacturing and wholesale 12 10 2 7 8 0.1 0.3 0.3
Telecommunications, cable, and media 2 1 1 – 19 – – 0.9
Transportation 3 2 1 1 – – 0.1 –
Other 5 – 5 2 3 0.3 0.1 0.1
Total business and government 136 82 54 100 132 2.4 4.5 6.3
Total Canada $ 1,117 $ 284 $ 833 $ 915 $ 1,042 37.1% 40.8% 49.6%
IMPAIRED LOANS NET OF COUNTERPARTY-SPECIFIC AND INDIVIDUALLY INSIGNIFICANT ALLOWANCES
BY INDUSTRY SECTOR1,2,3
TABLE 32
1 Primarily based on the geographic location of the customer’s address.
2 Excludes FDIC covered loans and other acquired credit-impaired loans. For
additional information refer to the “Exposure to Acquired Credit-Impaired Loans”
discussion and table in this section of the document and Note 8 to the 2014
Consolidated Financial Statements.
3 Excludes debt securities classified as loans. For additional information refer to the
“Exposure to Non-Agency Collateralized Mortgage Obligations” section of this
document and Note 8 to the 2014 Consolidated Financial Statements.
4 Excludes trading loans with a fair value of $10 billion as at October 31, 2014
(October 31, 2013 – $10 billion), and amortized cost of $10 billion as at October 31,
2014 (October 31, 2013 – $10 billion), and loans designated at fair value through
profit or loss of $5 million as at October 31, 2014 (October 31, 2013 – $9 million).
No allowance is recorded for trading loans or loans designated at fair value
through profit or loss.