CONSOLIDATED BALANCE SHEETS ($ thousands)
As at October 31 2021
As at October 31 2020
Assets Cash Resources
(Notes 4 and 5)
Cash and non-interest bearing deposits with financial institutions
$
87,853 21,344 19,262
$
113,868 254,451
Interest bearing deposits with regulated financial institutions
Cheques and other items in transit
-
128,459
368,319
Securities
(Note 5)
Issued or guaranteed by Canada
2,962,290
1,317,967
Issued or guaranteed by a province or municipality
406,708 198,799
967,415 377,244
Other debt securities
Preferred shares
-
1,992
3,567,797
2,664,618
Securities Purchased Under Resale Agreements
30,048
50,084
(Note 6)
Loans
(Note 7)
Personal Business
6,395,524
6,073,643
26,505,427
24,094,076
32,900,951
30,167,719
Allowance for credit losses
(141,429)
(159,326)
32,759,522
30,008,393
Other
Property and equipment
130,698 138,701 227,845
139,349 138,256 220,708
(Note 9)
Goodwill
(Note 10)
Intangible assets
(Note 10)
Derivatives
52,862
96,615
(Notes 11 and 27)
Other assets
287,244
251,523
(Note 12)
837,350
846,451
Total Assets
$
37,323,176
$
33,937,865
Liabilities and Equity Deposits
(Note 13)
Personal
$
15,198,820 14,776,919
$
15,661,320 11,649,034
Business and government
29,975,739
27,310,354
Other Cheques and other items in transit
50,110
52,326 65,198
Securities sold under repurchase agreements
-
(Notes 6 and 8)
Derivatives
36,068
6,285
(Notes 11 and 27)
Other liabilities
712,309
746,979
(Note 14)
798,487
870,788
Debt Debt related to securitization activities
2,641,843
2,051,680
(Notes 8 and 15)
Subordinated debentures
373,222
372,643
(Note 15)
3,015,065
2,424,323
Equity
Preferred shares
250,000 325,000 809,435
390,000
(Note 16)
Limited recourse capital notes
175,000 730,846
(Note 16)
Common shares
(Note 16)
Retained earnings
2,120,795
1,907,739
Share-based payment reserve
26,016
25,749
(Note 17)
Accumulated other comprehensive income
2,639
102,204
Total Shareholders' Equity
3,533,885
3,331,538
Non-controlling interests
-
862
(Note 18)
Total Equity
3,533,885
3,332,400
Total Liabilities and Equity
$
37,323,176
$
33,937,865
The accompanying notes are an integral part of the consolidated financial statements.
Robert L. Phillips Chair of the Board
Chris H. Fowler
President and Chief Executive Officer
68 | CWB Financial Group 2021 Annual Report
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