As at October 31, 2022
Performing
Impaired
Stage 1
Stage 2
Stage 3
Total
Personal Balance at beginning of year
$
$
928 $
2,299 $
485
3,712
Transfers to (from) (1) Stage 1
202
(202)
-
-
Stage 2
(393)
393
-
-
Stage 3
-
(1,860)
1,860
-
Net remeasurement (2)
(805)
2,864
(1,467)
592
New originations
1,292
-
-
1,292
Derecognitions and maturities
(177)
(716)
(91)
(984)
Provision for credit losses (3)
119
479
302
900
Write-offs
-
-
(697)
(697)
Recoveries
-
-
50
50
Balance at end of year
1,047
2,778
140
3,965
Business Balance at beginning of year
$
$
64,624 $
38,702 $
38,812
142,138
Transfers to (from) (1) Stage 1
5,661
(5,661)
-
-
Stage 2
(7,500)
7,500
-
-
Stage 3
(51)
(12,993)
13,044
-
Net remeasurement (2)
(46,815)
56,062
19,583
28,830
New originations
55,864
-
-
55,864
Derecognitions and maturities
(21,544)
(17,237)
(778)
(39,559)
Provision for (reversal of) credit losses (3)
(14,385)
27,671
31,849
45,135
Write-offs
-
-
(29,918)
(29,918)
Recoveries
-
-
5,808
5,808
Balance at end of year
50,239
66,373
46,551
163,163
$
$
Total Allowance for Credit Losses (4)
51,286 $
69,151 $
46,691
167,128
Represented by: Loans
$
$
49,779 $
65,348 $
46,691
161,818
Committed but undrawn credit exposures and letters of credit (5)
1,507
3,803
-
5,310
Total Allowance for Credit Losses (4)
$
$
51,286 $
69,151 $
46,691
167,128
EQUIPMENT FINANCING AND LEASING Our equipment financing and leasing portfolio includes $3,408,700 of net investment in leases as at October 31, 2023 (October 31, 2022 - $3,417,339). The following table outlines the maturity analysis of undiscounted minimum finance lease payments by fiscal year, reconciled to the net investment in leases.
2023
2022
Minimum Lease Payments 2024
$
1,294,386 $
1,272,326
2025
1,037,072
1,011,235
2026
733,097
736,842
2027
468,328
453,464
2028
236,740
232,816
Thereafter
59,832
76,921
Total undiscounted financing payments receivable
3,829,455
3,783,603
Unearned Finance Income
(420,755)
(366,264)
Net Investment in Equipment Finance Leases
$
3,408,700 $
3,417,339
CWB Financial Group 2023 Annual Report | 81
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