CONSOLIDATED BALANCE SHEETS ($ thousands)
As at October 31 2023
As at October 31 2022
Assets Cash Resources
(Notes 3 and 4)
Cash and non-interest bearing deposits with financial institutions
$
49,114
$
81,228 26,833
Interest bearing deposits with financial institutions
149,285
Cheques and other items in transit
17,410
7,918
215,809
115,979
Securities
(Note 4)
Issued or guaranteed by Canada
3,268,476
3,910,821
Issued or guaranteed by a province or municipality
440,313 200,017
448,947 159,027
Other securities
3,908,806
4,518,795
Securities Purchased Under Resale Agreements
134,662
-
(Note 5)
Loans
(Note 6)
Personal Business
7,117,829
6,951,826
30,092,021
28,953,796
37,209,850
35,905,622
Allowance for credit losses
(172,563)
(161,818)
37,037,287
35,743,804
Other
Property and equipment
152,355 138,701 241,195 109,290 381,998
153,026 138,701 223,921 110,521 422,805
(Note 8)
Goodwill
(Note 9)
Intangible assets
(Note 9)
Derivatives
(Notes 10 and 25)
Other assets
(Note 11)
1,023,539
1,048,974
Total Assets
$
42,320,103
$
41,427,552
Liabilities and Equity Deposits
(Note 12)
Personal
$
19,773,898 13,554,551
$
17,181,571 15,828,891
Business and government
33,328,449
33,010,462
Other Cheques and other items in transit
37,831
33,187
Securities sold under repurchase agreements
-
247,354 156,081 789,599
(Notes 5 and 7)
Derivatives
198,596 889,401
(Notes 10 and 25)
Other liabilities
(Note 13)
1,125,828
1,226,221
Debt Debt related to securitization activities
3,315,721
3,084,091
(Notes 7 and 14)
Subordinated debentures
523,438
373,802
(Note 14)
3,839,159
3,457,893
Equity
Preferred shares
250,000 325,000
250,000
(Note 15)
Limited recourse capital notes
325,000 956,061
(Note 15)
Common shares
1,007,983 2,515,719
(Note 15)
Retained earnings
2,317,146
Share-based payment reserve
28,918
27,466
(Note 16)
Accumulated other comprehensive loss
(100,953)
(142,697)
Total Equity
4,026,667
3,732,976
Total Liabilities and Equity
$
42,320,103
$
41,427,552
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
64 | CWB Financial Group 2023 Annual Report
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