As at October 31, 2020
Performing
Impaired
Stage 1
Stage 2
Stage 3
Total
Personal Balance at beginning of year
$
1,620 $
1,480 $
1,036
$
4,136
Transfers to (from) Stage 1 (1)
223
(223)
-
- - -
Stage 2 (1) Stage 3 (1)
(1,871)
1,871
-
(2)
(1,168)
1,170
Net remeasurement (2)
(1,139)
3,874
360
3,095 2,860
New originations
2,860
-
-
Derecognitions and maturities
(345)
(458)
(4)
(807)
Provision for (reversal of) credit losses (3)
(274)
3,896
1,526
5,148
Write-offs
- -
- -
(1,795)
(1,795)
Recoveries
62
62
Balance at end of year
1,346
5,376
829
7,551
Business Balance at beginning of year
$
62,552 $
23,409 $
24,928
$
110,889
Transfers to (from) Stage 1 (1)
8,654
(8,654)
-
- - -
Stage 2 (1) Stage 3 (1)
(16,686)
16,779
(93)
(224)
(12,965)
13,189 42,053
Net remeasurement (2)
(34,733)
68,716
76,036 68,588
New originations
68,588
-
-
Derecognitions and maturities
(30,648)
(21,232)
(6,120)
(58,000)
Provision for (reversal of) credit losses (3)
(5,049)
42,644
49,029
86,624
Write-offs
- -
- -
(46,736)
(46,736)
Recoveries
6,085
6,085
Balance at end of year
57,503
66,053
33,306
156,862
Total Allowance for Credit Losses
$
58,849 $
71,429 $
34,135
$
164,413
Represented by: Loans
$
57,167 $
68,024 $
34,135
$
159,326
Committed but undrawn credit exposures and letters of credit (4)
1,682
3,405
-
5,087
Total Allowance for Credit Losses (5)
$
58,849 $
71,429 $
34,135
$
164,413
86 | CWB Financial Group 2021 Annual Report
Powered by FlippingBook