FirstCaribbean International Bank (Bahamas) Limited

Notes to Consolidated Financial StatementsFor the year ended October 31, 2009(Expressed in thousands of Bahamian dollars)9. Loans and Advances to Customers (Continued)Movement in provisions for impairment for 2008 is as follows:Business &Personal Government 2008Mortgages Loans Loans TotalBalance, beginning of year $ 10,193 $ 16,647 $ 14,899 $ 41,739Identified impairment 2,552 5,078 14,656 22,286Unidentified impairment 167 380 517 1,064Recoveries of bad anddoubtful debt – 2,291 52 2,343Bad debts written off (4) (2,606) (2) (2,612)Balance, end of year $ 12,908 $ 21,790 $ 30,122 $ 64,820Ageing analysis of past due but not impaired loans for 2009Business &Personal Government 2009Mortgages Loans Loans TotalLess than 30 days $ 215,870 $ 29,775 $ 88,179 $ 333,82431 – 60 days 50,029 7,227 73,491 130,74761- 90 days 324 31 1 356$ 266,223 $ 37,033 $ 161,671 $ 464,927Ageing analysis of past due but not impaired loans for 2008Business &Personal Government 2008Mortgages Loans Loans TotalLess than 30 days $ 181,944 $ 29,542 $ 45,681 $ 257,16731 – 60 days 20,176 8,108 82,260 110,54461- 90 days 298 12 48 358$ 202,418 $ 37,662 $ 127,989 $ 368,069The average interest yield during the year on loans and advances was 6.6% (2008: 7.6%). For the year ended October31, 2008, included in business loans are advances to FCIB Jamaica totalling $88,754 which are pledged in favour of thatbank in support of loans granted to certain of its customers. These positions were liquidated during the current year.Loan loss impairment is calculated as follows:2009 2008Doubtful debt expense $ 18,407 $ 22,286Net movement in inherent risk provisions 112 1,064Loan loss impairment for the year $ 18,519 $ 23,35040