As at October 31, 2021
Performing
Impaired
Stage 1
Stage 2
Stage 3
Total
Personal Balance at beginning of year
$
1,346 $
5,376 $
829
$
7,551
Transfers to (from) (1) Stage 1
1,809
(1,809)
-
- - -
Stage 2 Stage 3
(574)
574
-
-
(1,219)
1,219
Net remeasurement (2)
(2,960)
345
(474)
(3,089)
New originations
1,655
-
-
1,655
Derecognitions and maturities
(348)
(968)
(170)
(1,486)
Provision for (reversal of) credit losses (3)
(418)
(3,077)
575
(2,920) (1,153)
Write-offs
- -
- -
(1,153)
Recoveries
234
234
Balance at end of year
928
2,299
485
3,712
Business Balance at beginning of year
$
57,503 $
66,053 $
33,306
$
156,862
Transfers to (from) (1) Stage 1
18,778
(18,778)
-
- - -
Stage 2 Stage 3
(8,239)
8,315
(76)
(56)
(10,494)
10,550 41,406
Net remeasurement (2)
(39,506)
13,841
15,741 63,670
New originations
63,670
-
-
Derecognitions and maturities
(27,526)
(20,235)
(1,862)
(49,623)
Provision for (reversal of) credit losses (3)
7,121
(27,351)
50,018
29,788
Write-offs
- -
- -
(56,947)
(56,947)
Recoveries
12,435
12,435
Balance at end of year
64,624
38,702
38,812
142,138
Total Allowance for Credit Losses
$
65,552 $
41,001 $
39,297
$
145,850
Represented by: Loans
$
62,687 $
39,445 $
39,297
$
141,429
Committed but undrawn credit exposures and letters of credit (4)
2,865
1,556
-
4,421
Total Allowance for Credit Losses (5)
$
65,552 $
41,001 $
39,297
$
145,850
84 | CWB Financial Group 2022 Annual Report
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