Carrying Value of Exposures by Risk Rating Gross carrying amounts of loans and the contractual amounts of committed but undrawn credit exposures and letters of credit, categorized based on internal risk ratings, are as follows:
As at October 31, 2021
Performing
Impaired
Stage 1
Stage 2
Stage 3
Total
Loans – Personal Low risk
$
3,851,098 1,354,940
$
80,027
$
- - -
$
3,931,125 2,229,737
Medium risk
874,797 223,011
Watchlist or high risk
- -
223,011
Impaired
-
11,651
11,651
Total
5,206,038
1,177,835
11,651
6,395,524
Allowance for credit losses
(923)
(2,289)
(485)
(3,697)
Total, net of allowance for credit losses
5,205,115
1,175,546
11,166
6,391,827
Loans – Business Investment grade or low risk
1,771,484
128,663
- - -
1,900,147
Non-investment grade or medium risk
22,773,391
1,054,469
23,827,860
Watchlist or high risk
- -
586,747
586,747 190,673
Impaired
-
190,673
Total
24,544,875
1,769,879
190,673
26,505,427
Allowance for credit losses
(61,764)
(37,156)
(38,812)
(137,732)
Total, net of allowance for credit losses
24,483,111
1,732,723
151,861
26,367,695
Total loans
29,750,913
2,947,714
202,324
32,900,951
Allowance for credit losses
(62,687)
(39,445)
(39,297)
(141,429)
Total Loans, Net of Allowance for Credit Losses
$
29,688,226
$
2,908,269
$
163,027
$
32,759,522
Committed but Undrawn Credit Exposures and Letters of Credit Investment grade or low risk
$
1,219,787 5,284,394
$
8,934
$
- - - -
$
1,228,721 5,422,194
Non-investment grade or medium risk
137,800
Watchlist or high risk
- -
17,044
17,044
Impaired
-
-
Total
6,504,181
163,778
-
6,667,959
Allowance for credit losses
(2,865)
(1,556)
-
(4,421)
Total, Net of Allowance for Credit Losses
$
6,501,316
$
162,222
$
-
$
6,663,538
CWB Financial Group 2021 Annual Report | 81
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