TD Bank 2014 Annual Report Download - page 50

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS48
(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
United States
Residential mortgages $ 312 $ 9 $ 303 $ 250 $ 187 13.5% 11.1% 8.9%
Consumer instalment and other personal
HELOC 344 19 325 204 179 14.5 9.1 8.5
Indirect Auto 133 5 128 76 24 5.7 3.4 1.2
Other 6 2 4 1 2 0.2 0.1 0.1
Credit card 123 94 29 98 3 1.3 4.3 0.1
Total personal 918 129 789 629 395 35.2 28.0 18.8
Real estate
Residential 85 6 79 98 133 3.5 4.4 6.3
Non-residential 168 14 154 205 191 6.9 9.1 9.1
Total real estate 253 20 233 303 324 10.4 13.5 15.4
Agriculture 1 – 1 1 2 – 0.1 0.1
Automotive 15 1 14 12 15 0.6 0.5 0.7
Financial 27 2 25 8 6 1.1 0.4 0.3
Food, beverage, and tobacco 10 1 9 10 7 0.4 0.4 0.3
Forestry 2 1 1 1 1 – 0.1 0.1
Government, public sector entities,
and education 17 1 16 19 7 0.7 0.8 0.3
Health and social services 54 5 49 23 18 2.2 1.0 0.8
Industrial construction and
trade contractors 32 6 26 46 40 1.2 2.1 1.9
Metals and mining 10 1 9 18 26 0.4 0.8 1.2
Pipelines, oil, and gas – – – – 4 – – 0.2
Power and utilities – – – – – – – –
Professional and other services 93 9 84 68 41 3.7 3.0 2.0
Retail sector 89 9 80 99 70 3.6 4.4 3.4
Sundry manufacturing and wholesale 51 12 39 28 46 1.7 1.3 2.2
Telecommunications, cable, and media 18 2 16 12 10 0.7 0.5 0.5
Transportation 17 2 15 39 32 0.7 1.8 1.5
Other 7 2 5 12 14 0.3 0.5 0.7
Total business and government 696 74 622 699 663 27.7 31.2 31.6
Total United States 1,614 203 1,411 1,328 1,058 62.9 59.2 50.4
International
Business and government – – – – – – – –
Total international – – – – – – – –
Total $ 2,731 $ 487 $ 2,244 $ 2,243 $ 2,100 100.0% 100.0% 100.0%
Net impaired loans as a %
of common equity 4.28% 4.83% 4.86%
IMPAIRED LOANS NET OF COUNTERPARTY-SPECIFIC AND INDIVIDUALLY INSIGNIFICANT ALLOWANCES
BY INDUSTRY SECTOR (continued)1,2,3
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.