CWBFG Annual Report 2023

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

Powered by