TD Bank 2014 Annual Report Download - page 98

TD BANK GROUP ANNUAL REPORT 2014 MANAGEMENT’S DISCUSSION AND ANALYSIS96
(millions of Canadian dollars) As at
October 31, 2014
Less than 1 to 3 3 to 6 6 to 9 9 months Over 1 to Over 2 to Over No Specific
1 month months months months to 1 year 2 years 5 years 5 years Maturity Total
Assets
Cash and due from banks $ 2,769 $ 12 $ – $ – $ – $ – $ – $ – $ – $ 2,781
Interest-bearing deposits with banks 28,693 358 355 45 145 – – – 14,177 43,773
Trading loans, securities, and other1 1,827 2,347 3,281 2,225 2,620 5,219 17,831 14,887 50,936 101,173
Derivatives 5,829 4,827 2,929 2,941 1,691 7,064 14,372 15,710 – 55,363
Financial assets designated at fair value
through profit or loss 172 1,411 662 469 419 274 348 814 176 4,745
Available-for-sale securities 482 1,350 1,851 1,719 393 5,316 24,877 25,089 1,931 63,008
Held-to-maturity securities 98 1,353 485 966 573 5,807 20,478 27,217 – 56,977
Securities purchased under reverse
repurchase agreements 33,684 18,090 13,563 3,413 6,037 205 39 – – 75,031
Loans
Residential mortgages 1,174 1,735 5,052 8,669 8,566 52,314 94,362 27,040 – 198,912
Consumer instalment and other personal 991 1,352 2,446 2,498 3,270 14,097 24,505 12,786 61,466 123,411
Credit card – – – – – – – – 25,570 25,570
Business and government 15,766 3,883 3,606 6,384 3,487 9,451 36,813 41,330 10,629 131,349
Debt securities classified as loans 12 12 34 254 – 147 499 1,737 – 2,695
Total loans 17,943 6,982 11,138 17,805 15,323 76,009 156,179 82,893 97,665 481,937
Allowance for loan losses – – – – – – – – (3,028) (3,028)
Loans, net of allowance for loan losses 17,943 6,982 11,138 17,805 15,323 76,009 156,179 82,893 94,637 478,909
Customers’ liability under acceptances 11,256 1,796 22 6 – – – – – 13,080
Investment in TD Ameritrade – – – – – – – – 5,569 5,569
Goodwill2 – – – – – – – – 14,233 14,233
Other intangibles2 – – – – – – – – 2,680 2,680
Land, buildings, equipment, and
other depreciable assets2 – – – – – – – – 4,930 4,930
Deferred tax assets – – – – – – – – 2,008 2,008
Amounts receivable from brokers,
dealers, and clients 9,319 – – – – – – – – 9,319
Other assets 2,364 390 1,158 77 166 111 130 41 6,726 11,163
Total assets $ 114,436 $ 38,916 $ 35,444 $ 29,666 $ 27,367 $ 100,005 $ 234,254 $ 166,651 $ 198,003 $ 944,742
Liabilities
Trading deposits $ 10,785 $ 14,876 $ 11,242 $ 9,587 $ 11,165 $ 171 $ 975 $ 533 $ – $ 59,334
Derivatives 4,887 4,545 2,552 2,698 1,448 6,287 12,801 15,558 – 50,776
Securitization liabilities at fair value – 290 1,284 356 – 797 5,527 2,944 – 11,198
Other financial liabilities designated
at fair value through profit or loss 231 281 447 528 370 1,218 175 – – 3,250
Deposits3,4
Personal 5,136 6,616 6,616 5,753 5,278 9,431 13,260 170 290,980 343,240
Banks 6,316 4,071 1,239 76 800 3 6 11 3,249 15,771
Business and government 16,711 11,213 3,905 13,163 4,196 17,332 26,326 6,704 142,155 241,705
Total deposits 28,163 21,900 11,760 18,992 10,274 26,766 39,592 6,885 436,384 600,716
Acceptances 11,256 1,796 22 6 – – – – – 13,080
Obligations related to securities sold short1 2,817 2,861 691 518 425 3,812 7,152 9,440 11,749 39,465
Obligations related to securities sold under
repurchase agreements 35,633 5,862 1,908 839 1,108 129 108 – – 45,587
Securitization liabilities at amortized cost 19 389 1,580 715 519 6,860 11,934 2,944 – 24,960
Amounts payable to brokers,
dealers, and clients 10,381 – – – – – – – 3 10,384
Insurance-related liabilities 151 236 314 – 531 774 1,468 954 1,651 6,079
Other liabilities5 2,697 3,554 903 339 285 400 2,536 99 5,084 15,897
Subordinated notes and debentures – – – – – – – 7,785 – 7,785
Liability for capital trust securities – – – – – – – – – –
Equity – – – – – – – – 56,231 56,231
Total liabilities and equity $ 107,020 $ 56,590 $ 32,703 $ 34,578 $ 26,125 $ 47,214 $ 82,268 $ 47,142 $ 511,102 $ 944,742
Off-balance sheet commitments
Purchase obligations
Operating lease commitments $ 69 $ 137 $ 207 $ 205 $ 205 $ 786 $ 1,942 $ 3,183 $ – $ 6,734
Network service agreements 2 3 5 5 5 20 – – – 40
Automated teller machines 20 34 53 41 28 42 47 – – 265
Contact center technology 2 5 7 7 7 29 54 – – 111
Software licensing and
equipment maintenance 6 68 17 26 9 132 64 – – 322
Credit and liquidity commitments
Financial and performance
standby letters of credit 647 1,295 2,378 2,605 1,637 2,633 6,316 884 – 18,395
Documentary and commercial
letters of credit 24 59 43 21 9 21 20 10 – 207
Commitments to extend
credit and liquidity6,7 12,616 12,366 5,779 4,195 4,161 11,416 45,269 3,061 1,505 100,368
Non-consolidated SPE commitments
Commitments to liquidity facilities for ABCP – – – – – – 1 – – 1
REMAINING CONTRACTUAL MATURITY
TABLE 67
1 Amount has been recorded according to the remaining contractual maturity
of the underlying security.
2 For the purposes of this table, non-financial assets have been recorded as having
‘no specific maturity’.
3 As the timing of demand deposits and notice deposits is non-specific and callable
by the depositor, obligations have been included as having ‘no specific maturity’.
4 Includes $17 billion of covered bonds with remaining contractual maturities of
$2 billion in ‘6 months to 9 months’, $4 billion in ‘over 1 to 2 years’, $10 billion
in ‘over 2 to 5 years’, and $1 billion in ‘over 5 years’.
5 Includes $119 million of capital lease commitments with remaining contractual
maturities of $3 million in ‘less than 1 month’ , $6 million in ‘1 month to
3 months’, $8 million in ‘3 months to 6 months’, $8 million in ‘6 months to
9 months’, $8 million in ‘9 months to 1 year’, $28 million in ‘over 1 to 2 years’,
$34 million in ‘over 2 to 5 years’, and $24 million in ‘over 5 years’.
6 Includes $76 million in commitments to extend credit to private equity investments.
7 Commitments to extend credit exclude personal lines of credit and credit card lines,
which are unconditionally cancellable at the Bank’s discretion at any time.