CWBFG Annual Report 2023

18. OTHER INCOME AND OTHER EXPENSES A) OTHER NON-INTEREST INCOME

Other non-interest income primarily consists of foreign exchange gains/losses.

B) OTHER EXPENSES

A summary of other non-interest expenses broken down by significant categories follows:

2023

2022

Professional fees and services

$

23,401 $

30,264 13,262

Regulatory costs

14,698 10,476

Banking charges

9,915

Marketing and business development

9,099 8,490 4,858 4,271 2,880 2,868 2,149 1,903

10,366 10,212

Amortization of acquisition-related intangible assets

Capital and business taxes

2,038 3,588 6,169 2,735 2,167 1,947

Loan-related credit reports

Employee recruitment and training

Travel

Communications

Staff relations

Acquisition and integration costs

602

626

Other

13,697

15,060

Total

$

99,392 $

108,349

C) EMPLOYEE FUTURE BENEFITS All employee future benefits related to our group retirement savings and employee share purchase plans are recognized in the periods during which services are rendered by employees and are included in salaries and employee benefits non-interest expenses. Our contributions to the group retirement savings plan and employee share purchase plan totaled $23,773 (2022 – $22,352).

CWB Financial Group 2023 Annual Report | 97

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