CWBFG Annual Report 2023

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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