18. OTHER INCOME AND OTHER EXPENSES A) OTHER NON-INTEREST INCOME
Other non-interest income primarily consists of foreign exchange gains/losses $13,328 (2021 – $3,611) and other miscellaneous non-interest revenues $418 (2021 – $185).
B) OTHER EXPENSES
A summary of other non-interest expenses broken down by significant categories follows:
2022
2021
Professional fees and services
$
30,264 $
20,517 12,894 10,339
Regulatory costs
13,262 10,366 10,212
Marketing and business development
Amortization of acquisition-related intangible assets
8,073 8,036 4,187 3,370
Banking charges
9,915 6,169 3,588 2,735 2,167 2,038 1,947
Employee recruitment and training
Loan-related credit reports
Travel
895
Communications
2,094 1,530 1,501 1,761
Capital and business taxes
Staff relations
Acquisition and integration costs
626
Other
15,060
12,431
Total
$
108,349 $
87,628
C) EMPLOYEE FUTURE BENEFITS All employee future benefits related to our group retirement savings and employee share purchase plans are recognized in the periods during which services are rendered by employees and are included in salaries and employee benefits non-interest expenses. Our contributions to the group retirement savings plan and employee share purchase plan totaled $22,352 (2021 – $19,965).
100 | CWB Financial Group 2022 Annual Report
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