The mix of our portfolio based on the location of security (see Figure 3) remained relatively consistent with last year as we executed on our strategic growth objectives across our geographic footprint.
Figure 3 - Geographical Distribution of Outstanding Loans based on Location of Security (October 31, 2020 in brackets)
The loan portfolio is focused on areas of demonstrated lending expertise, while concentrations measured by geographic area and industry sector are managed within specified tolerance levels. The portfolio is well-diversified, including a mix of business and personal loans, with significantly increased geographic and industry diversification delivered over the past several years.
Table 11 - Outstanding Loans by Industry Sector (1) (% at October 31)
2021
2020
Real estate operations
21 %
19 %
Consumer loans and residential mortgages
19 18
20 19
Construction
Finance and insurance
8 7 5 4 3 2 2 2 1 1 1 1 1 1 3
7 8 5 4 3 2 2 2 1 1 1 1 1 1 3
Transportation and storage
Hotel/motel
Retail trade
Health and social services
Professional, scientific and technical services
Manufacturing
Agriculture
Oil and gas service
Accommodation and food services
Logging/forestry
Oil and gas production
Wholesale trade
Utilities
All other
Total
100 %
100 %
(1) Based on North American Industry Classification System (NAICS) codes.
CWB Financial Group 2021 Annual Report | 31
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