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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