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, 2022
Performing
Impaired
Stage 1
Stage 2
Stage 3
Total
Loans – Personal Low risk
$
4,100,671 2,154,159
$
67,113
$
- - -
$
4,167,784 2,546,462
Medium risk
392,303 225,098
Watchlist or high risk
- -
225,098
Impaired
-
12,482
12,482
Total
6,254,830
684,514
12,482
6,951,826
Allowance for credit losses
(1,043)
(2,749)
(140)
(3,932)
Total, net of allowance for credit losses
6,253,787
681,765
12,342
6,947,894
Loans – Business Investment grade or low risk
2,976,113
525,305
- - -
3,501,418
Non-investment grade or medium risk
19,218,875
5,409,412
24,628,287
Watchlist or high risk
- -
669,900
669,900 154,191
Impaired
-
154,191
Total
22,194,988
6,604,617
154,191
28,953,796
Allowance for credit losses
(48,736)
(62,599)
(46,551)
(157,886)
Total, net of allowance for credit losses
22,146,252
6,542,018
107,640
28,795,910
Total loans
28,449,818
7,289,131
166,673
35,905,622
Allowance for credit losses
(49,779)
(65,348)
(46,691)
(161,818)
Total Loans, Net of Allowance for Credit Losses
$
28,400,039
$
7,223,783
$
119,982
$
35,743,804
Committed but Undrawn Credit Exposures and Letters of Credit Investment grade or low risk
$
2,065,808 3,009,255
$
97,635
$
- - -
$
2,163,443 5,456,738
Non-investment grade or medium risk
2,447,483
Watchlist or high risk
-
27,284
27,284
Total
5,075,063
2,572,402
-
7,647,465
Allowance for credit losses
(1,507)
(3,803)
-
(5,310)
Total, Net of Allowance for Credit Losses
$
5,073,556
$
2,568,599
$
-
$
7,642,155
CWB Financial Group 2022 Annual Report | 79
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