CONSOLIDATED BALANCE SHEETS ($ thousands)
As at October 31 2022
As at October 31 2021
Assets Cash Resources
(Notes 3 and 4)
Cash and non-interest bearing deposits with financial institutions
$
81,228 26,833
$
87,853 21,344 19,262
Interest bearing deposits with financial institutions
Cheques and other items in transit
7,918
115,979
128,459
Securities
(Note 4)
Issued or guaranteed by Canada
3,910,821
2,962,290
Issued or guaranteed by a province or municipality
448,947 159,027
406,708 204,880
Other securities
4,518,795
3,573,878
Securities Purchased Under Resale Agreements
-
30,048
(Note 5)
Loans
(Note 6)
Personal Business
6,951,826
6,395,524
28,953,796
26,505,427
35,905,622
32,900,951
Allowance for credit losses
(161,818)
(141,429)
35,743,804
32,759,522
Other
Property and equipment
153,026 138,701 223,921 110,521 435,396
130,698 138,701 227,845
(Note 8)
Goodwill
(Note 9)
Intangible assets
(Note 9)
Derivatives
52,862
(Notes 10 and 25)
Other assets
281,163
(Note 11)
1,061,565
831,269
Total Assets
$
41,440,143
$
37,323,176
Liabilities and Equity Deposits
(Note 12)
Personal
$
17,181,571 15,837,476
$
15,198,820 14,776,919
Business and government
33,019,047
29,975,739
Other Cheques and other items in transit
33,187
50,110
Securities sold under repurchase agreements
247,354 156,081 789,599
-
(Notes 5 and 7)
Derivatives
36,068
(Notes 10 and 25)
Other liabilities
712,309
(Note 13)
1,226,221
798,487
Debt Debt related to securitization activities
3,088,097
2,641,843
(Notes 7 and 14)
Subordinated debentures
373,802
373,222
(Note 14)
3,461,899
3,015,065
Equity
Preferred shares
250,000 325,000 956,061
250,000
(Note 15)
Limited recourse capital notes
325,000 809,435
(Note 15)
Common shares
(Note 15)
Retained earnings
2,317,146
2,120,795
Share-based payment reserve
27,466
26,016
(Note 16)
Accumulated other comprehensive (loss) income
(142,697)
2,639
Total Equity
3,732,976
3,533,885
Total Liabilities and Equity
$
41,440,143
$
37,323,176
The accompanying notes are an integral part of the consolidated financial statements.
Sarah Morgan-Silvester
Chris H. Fowler
Chair of the Board
President and Chief Executive Officer
66 | CWB Financial Group 2022 Annual Report
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