VersaBank (VBNK) 6-K 2 Mar 22 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	Jan. 31, 2022
Document Information [Line Items]
Entity Registrant Name	VersaBank
Document, Type	6-K
Document, Period End Date	Jan. 31, 2022
Current Fiscal Year End Date	--10-31
Entity, File Number	001-40805
Entity, Address, Address Line One	140 Fullarton Street, Suite 2002
Entity, Address, City or Town	London
Entity, Address, State or Province	ON
Entity, Address, Postal Zip Code	N6A 5P2
Entity, Address, Country	CA
Amendment Flag	false
Entity Central Index Key	0001690639

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Assets
Cash	$ 155,239	$ 271,523	$ 212,016
Loans, net of allowance for credit losses (note 4)	2,215,638	2,103,050	1,793,724
Other assets (note 5)	44,469	40,513	39,236
Total assets	2,415,346	2,415,086	2,044,976
Liabilities and Shareholders' Equity
Deposits	1,847,003	1,853,204	1,664,694
Subordinated notes payable (note 6)	97,726	95,272	4,891
Other liabilities (note 7)	133,666	134,504	115,883
Total liabilities	2,078,395	2,082,980	1,785,468
Shareholders' equity:
Share capital (note 8)	241,662	241,466	182,094
Retained earnings	95,276	90,644	77,414
Accumulated other comprehensive income (loss)	13	(4)	0
Total equity	336,951	332,106	259,508
Total equity and liabilities	$ 2,415,346	$ 2,415,086	$ 2,044,976

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Interest income:
Loans	$ 24,514	$ 21,086
Other	206	429
Interest income	24,720	21,515
Interest expense:
Deposits and other	6,469	7,014
Subordinated notes	1,366	127
Interest expense	7,835	7,141
Net interest income	16,885	14,374
Non-interest income	1,381	1,048
Total revenue	18,266	15,422
Provision for credit losses (note 4)	2	57
Revenue less provision for credit loss	18,264	15,365
Non-interest expenses:
Salaries and benefits	6,083	5,030
General and administrative	3,624	2,339
Premises and equipment	929	718
Noninterest expense	10,636	8,087
Income before income taxes	7,628	7,278
Income tax provision (note 9)	2,062	1,988
Net income	5,566	5,290
Other comprehensive income:
Foreign exchange gain on translation of foreign operations	17	0
Comprehensive income	$ 5,583	$ 5,290
Basic and diluted income per common share (note 10) (in CAD per share)	$ 0.19	$ 0.22
Weighted average number of common shares outstanding (in shares)	27,441,082	21,123,559

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - CAD ($) $ in Thousands	Total	Issued capital [member]	Issued capital [member]Ordinary shares [member]	Issued capital [member]Series 1 preferred shares [member]	Issued capital [member]Series 3 preferred shares [member]	Additional paid-in capital [member]	Retained earnings [member]	Accumulated other comprehensive income [member]
Balance at Oct. 31, 2020						$ 145	$ 73,194	$ 0
Statement Line Items [Line Items]
Fair value of stock-based compensation (note 8)						0
Net income	$ 5,290						5,290
Dividends paid on common and preferred shares							(1,070)
Other comprehensive income								0
Balance at Jan. 31, 2021	259,508	$ 182,094	$ 152,612	$ 13,647	$ 15,690	145	77,414	0
Balance at Oct. 31, 2021	332,106					145	90,644	(4)
Statement Line Items [Line Items]
Fair value of stock-based compensation (note 8)						196
Net income	5,566						5,566
Dividends paid on common and preferred shares							(934)
Other comprehensive income								17
Balance at Jan. 31, 2022	$ 336,951	$ 241,662	$ 227,674	$ 13,647	$ 0	$ 341	$ 95,276	$ 13

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Cash provided by (used in):
Net income	$ 5,566	$ 5,290
Adjustments to determine net cash flows:
Provision for credit losses	2	57
Stock-based compensation	196	0
Income tax provision	2,062	1,988
Interest income	(24,720)	(21,515)
Interest expense	7,835	7,141
Amortization	490	449
Foreign exchange rate changes on debt	2,430	0
Interest received	23,594	20,572
Interest paid	(9,406)	(10,487)
Income taxes paid	(2,820)	0
Loans	(111,400)	(137,908)
Deposits	(3,385)	100,357
Change in other assets and liabilities	(3,308)	7,577
Net cash flows from (used in) operating activities	(112,864)	(26,479)
Acquisition of DBG, net of cash acquired	0	(7,473)
Purchase of property and equipment	(32)	(67)
Net cash flows from (used in) investing activities	(32)	(7,540)
Financing:
Repayment of loan assumed from DBG	0	(1,410)
Redemption of securitization liability	0	(8,631)
Dividends paid	(934)	(1,070)
Repayment of lease obligations	(169)	(136)
Income taxes paid	0	(362)
Net cash flows from (used in) financing activities	(1,103)	(11,609)
Change in cash	(113,999)	(45,628)
Effect of exchange rate changes on cash	(2,285)	0
Cash, beginning of the period	271,523	257,644
Cash, end of the period	$ 155,239	$ 212,016

Note 1 - Reporting Entity

Note 1 - Reporting Entity	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of notes and other explanatory information [text block]	1. Reporting entity: VersaBank (the “Bank”) operates as a Schedule I bank under the Bank Act (Canada) The Bank is incorporated in Canada, and maintains its registered head office at Suite 2002, 140 N6A 5P2.

Note 2 - Basis of Preparation

Note 2 - Basis of Preparation	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of basis of preparation of financial statements [text block]	2. Basis of preparation: a) Statement of compliance: These interim Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and have been prepared in accordance with International Accounting Standard (“IAS”) 34 Interim Financial Reporting not . October 31, 2021. The interim Consolidated Financial Statements for the three January 31, 2022 2021 February 28, 2022. b) Basis of measurement: These interim Consolidated Financial Statements have been prepared on the historical cost basis except for the investment in Canada Stablecorp Inc. which is measured at fair value through other comprehensive income (see note 5 c) Functional and presentation currency: These interim d) Use of estimates and judgements: In preparing these interim 4 may Estimates were applied by management in determining the fair value of stock options granted in the current quarter as described in note 8. Available forward-looking information, including forecast macroeconomic indicator and industry performance trend data continue to be influenced by COVID- 19 not Estimates and their underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are applied prospectively once they are known.

Note 3 - Significant Accounting

Note 3 - Significant Accounting Policies and Future Accounting Changes	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of significant accounting policies [text block]	3. Significant accounting policies and future accounting changes: The accounting policies applied by the Bank in these interim Consolidated Financial Statements are the same as those applied by the Bank as at and for the year ended October 31, 2021 3 2021 Segment reporting: Effective the quarter ending January 31, 2022, 8 Segment Reporting two 16.

Note 4 - Loans

Note 4 - Loans	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of loans and advances to customers [text block]	4. Loans: The Bank organizes its lending portfolio into the following four The Commercial Real Estate Mortgages ( CRE Mortgages ) The Commercial Real Estate Loans ( CRE Loans ) The Point of Sale Loans and Leases ( POS Financing ) The Public Sector and Other Financing ( PSOF ) a) Summary of loans and allowance for credit losses: (thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Commercial real estate mortgages $ 722,829 $ 757,576 $ 712,256 Commercial real estate loans 14,600 26,569 31,663 Point of sale loans and leases 1,439,781 1,279,576 1,008,029 Public sector and other financing 31,247 32,587 36,612 2,208,457 2,096,308 1,788,560 Allowance for credit losses (1,455 ) (1,453 ) (1,832 ) Accrued interest 8,636 8,195 6,996 Total loans, net of allowance for credit losses $ 2,215,638 $ 2,103,050 $ 1,793,724 The following table provides a summary of loan amounts, expected credit loss allowance amounts, and expected loss rates by lending asset category: As at January 31, 2022 As at October 31, 2021 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Commercial real estate mortgages $ 667,949 $ 54,880 $ - $ 722,829 $ 694,869 $ 62,707 $ - $ 757,576 ECL allowance 949 96 - 1,045 980 134 - 1,114 EL % 0.14 % 0.17 % 0.00 % 0.14 % 0.14 % 0.21 % 0.00 % 0.15 % Commercial real estate loans $ 14,600 $ - $ - $ 14,600 $ 26,569 $ - $ - $ 26,569 ECL allowance 36 - - 36 45 - - 45 EL % 0.25 % 0.00 % 0.00 % 0.25 % 0.17 % 0.00 % 0.00 % 0.17 % Point of sale loans and leases $ 1,437,391 $ 2,390 $ - $ 1,439,781 $ 1,277,011 $ 2,565 $ - $ 1,279,576 ECL allowance 370 - - 370 275 - - 275 EL % 0.03 % 0.00 % 0.00 % 0.03 % 0.02 % 0.00 % 0.00 % 0.02 % Public sector and other financing $ 31,168 $ 79 $ - $ 31,247 $ 32,507 $ 80 $ - $ 32,587 ECL allowance 4 - - 4 16 3 - 19 EL % 0.01 % 0.00 % 0.00 % 0.01 % 0.05 % 3.75 % 0.00 % 0.06 % Loans $ 2,151,108 $ 57,349 $ - $ 2,208,457 $ 2,030,956 $ 65,352 $ - $ 2,096,308 Total ECL allowance 1,359 96 - 1,455 1,316 137 - 1,453 Total EL % 0.06 % 0.17 % 0.00 % 0.07 % 0.06 % 0.21 % 0.00 % 0.07 % The Bank’s maximum exposure to credit risk is the carrying value of its financial assets. The Bank holds security against the majority of its loans in the form of mortgage interests over property, other registered securities over assets, guarantees or cash reserves on loan and lease receivables included in the POS Financing portfolio (see note 7 Allowance for Credit Losses The Bank must maintain an allowance for expected credit losses (“ECL”) that is adequate, in management’s opinion, to absorb all credit related losses in the Bank’s lending and treasury portfolios. Under IFRS 9 no Assessment of significant increase in credit risk ( SICR ) At each reporting date, the Bank assesses whether or not SICR is a function of the loan’s internal risk rating assignment, internal watchlist status, loan review status and delinquency status which are updated as necessary in response to changes including, but not Quantitative models may not may may Examples include changes in adjudication criteria for a particular group of borrowers or asset categories or changes in portfolio composition, and more specifically changes attributable to the continued impact of COVID- 19 Expected credit loss model - Estimation of expected credit losses Expected credit losses are an estimate of a loan’s expected cash shortfalls discounted at the effective interest rate, where a cash shortfall is the difference between the contractual cash flows that are due to the Bank and the cash flows that the Bank actually expects to receive. Forward-Looking Information The Bank incorporates the impact of future economic conditions, or more specifically forward-looking information into the estimation of expected credit losses at the credit risk parameter level. This is accomplished via the credit risk parameter models and proxy datasets that the Bank utilizes to develop probability of default, (“PD”) and loss given default, (“LGD”) term structure forecasts for its loans. The Bank has sourced credit risk modeling systems and forecast macroeconomic scenario data from Moody’s Analytics, a third not third The Bank utilizes macroeconomic indicator data derived from multiple macroeconomic scenarios in order to mitigate volatility in the estimation of expected credit losses, as well as to satisfy the IFRS 9 19. The macroeconomic indicator data utilized by the Bank for the purpose of sensitizing PD and LGD term structure data to forward economic conditions include, but are not Key assumptions driving the macroeconomic forecast trends this quarter include: the rate of decline of new case counts of the Omicron variant and the relaxation of public health restrictions as a function of same, the timing and magnitude of the Bank of Canada’s (“BoC”) first 2022 Management developed ECL estimates using credit risk parameter term structure forecasts sensitized to individual baseline, upside and downside forecast macroeconomic scenarios, each weighted at 100%, January 31, 2022 Expected Credit Loss Sensitivity: The following table presents the sensitivity of the Bank’s estimated ECL to a range of individual macroeconomic scenarios, that in isolation may not January 31, 2022: (thousands of Canadian dollars) Reported 100 % 100 % 100 % ECL Upside Baseline Downside Allowance for expected credit losses $ 1,455 $ 898 $ 1,193 $ 1,675 Variance from reported ECL (557 ) (262 ) 220 Variance from reported ECL (%) (38 %) (18 %) 15 % The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three January 31, 2022: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Commercial real estate mortgages Balance at beginning of period $ 980 $ 134 $ - $ 1,114 Transfer in (out) to Stage 1 14 (14 ) - - Transfer in (out) to Stage 2 (4 ) 4 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (28 ) (24 ) - (52 ) Loan originations 80 - - 80 Derecognitions and maturities (93 ) (4 ) - (97 ) Provision for (recovery of) credit losses (31 ) (38 ) - (69 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 949 $ 96 $ - $ 1,045 Commercial real estate loans Balance at beginning of period $ 45 $ - $ - $ 45 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (9 ) - - (9 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (9 ) - - (9 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 36 $ - $ - $ 36 Point of sale loans and leases Balance at beginning of period $ 275 $ - $ - $ 275 Transfer in (out) to Stage 1 38 (38 ) - - Transfer in (out) to Stage 2 (58 ) 58 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 115 (20 ) - 95 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 95 - - 95 Write-offs - - - - Recoveries - - - - Balance at end of period $ 370 $ - $ - $ 370 Public sector and other financing Balance at beginning of period $ 16 $ 3 $ - $ 19 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (11 ) (3 ) - (14 ) Loan originations - - - - Derecognitions and maturities (1 ) - - (1 ) Provision for (recovery of) credit losses (12 ) (3 ) - (15 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 4 $ - $ - $ 4 Total balance at end of period $ 1,359 $ 96 $ - $ 1,455 The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three January 31, 2021: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Commercial real estate mortgages Balance at beginning of period $ 1,174 $ 192 $ - $ 1,366 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (2 ) 2 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 67 10 - 77 Loan originations 146 - - 146 Derecognitions and maturities (39 ) (37 ) - (76 ) Provision for (recovery of) credit losses 172 (25 ) - 147 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,346 $ 167 $ - $ 1,513 Commercial real estate loans Balance at beginning of period $ 137 $ - $ - $ 137 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (65 ) - - (65 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (65 ) - - (65 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 72 $ - $ - $ 72 Point of sale loans and leases Balance at beginning of period $ 215 $ - $ - $ 215 Transfer in (out) to Stage 1 20 (20 ) - - Transfer in (out) to Stage 2 (44 ) 44 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 16 (24 ) - (8 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (8 ) - - (8 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 207 $ - $ - $ 207 Public sector and other financing Balance at beginning of period $ 57 $ - $ - $ 57 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (17 ) - - (17 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (17 ) - - (17 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 40 $ - $ - $ 40 Total balance at end of period $ 1,665 $ 167 $ - $ 1,832 b) Impaired loans: At January 31, 2022, $nil October 31, 2021 - $nil

Note 5 - Other Assets

Note 5 - Other Assets	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of other assets [text block]	5. Other assets: (thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Accounts receivable $ 2,938 $ 2,643 $ 2,604 Prepaid expenses and other 16,881 12,699 9,726 Property and equipment 6,905 7,075 7,643 Right-of-use assets 4,643 4,817 5,337 Deferred income tax asset 2,868 2,931 4,286 Investment 953 953 - Goodwill 5,754 5,754 5,754 Intangible assets 3,527 3,641 3,886 Total other assets $ 44,469 $ 40,513 $ 39,236 In February 2021,

Note 6 - Subordinated Notes Pay

Note 6 - Subordinated Notes Payable	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of borrowings [text block]	6. Subordinated notes payable: (thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Ten 5.0 500,000 10.41 March 2029 $ 4,901 $ 4,898 $ 4,891 Ten 75.0 5.38 May 2031 92,825 90,374 - $ 97,726 $ 95,272 $ 4,891

Note 7 - Other Liabilities

Note 7 - Other Liabilities	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of other liabilities [text block]	7. Other liabilities: (thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Accounts payable and other $ 6,155 $ 6,893 $ 5,359 Current income tax liability 1,975 2,949 1,052 Deferred income tax liability 855 898 898 Lease obligations 4,944 5,113 5,598 Cash collateral and amounts held in escrow 5,252 7,887 3,379 Cash reserves on loan and lease receivables 114,485 110,764 99,597 $ 133,666 $ 134,504 $ 115,883

Note 8 - Share Capital

Note 8 - Share Capital	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of classes of share capital [text block]	8. Share capital: a) Common shares: At January 31, 2022, October 31, 2021 – b) Preferred shares: At January 31, 2022, October 31, 2021 – 1 1 13 On April 30, 2021, October 31, 2021 – $nil 3 c) Stock options Under the Bank’s stock option plan, the Bank will grant, to eligible participants options for the Bank’s common shares on a periodic basis. As per the Bank’s current stock option plan all options issued have a five three January 31, 2022, October 31, 2021 – Stock option transactions during the three January 31, 2022 2021: for the three months ended January 31, 2022 January 31, 2021 Weighted Weighted Number of average Number of average options exercise price options exercise price Outstanding, beginning of period 40,000 $ 7.00 42,017 $ 10.73 Granted 913,730 15.90 - - Exercised - - - - Forfeired/cancelled - - - - Expired - - - - Outstanding, end of period 953,730 $ 15.53 42,017 $ 10.73 For the three January 31, 2022, January 31, 2021 - $nil January 31, 2022, As at January 31, 2022, October 2023.

Note 9 - Income Tax Provision

Note 9 - Income Tax Provision	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of income tax [text block]	9. Income tax provision: Income tax provision for the three January 31, 2022 January 31, 2021 - 2021 not

Note 10 - Income Per Common Sha

Note 10 - Income Per Common Share	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of earnings per share [text block]	10. Income per common share: (thousands of Canadian dollars) for the three months ended January 31 January 31 2022 2021 Net income $ 5,566 $ 5,290 Less: dividends on preferred shares (247 ) (542 ) 5,319 4,748 Average number of common shares outstanding 27,441,082 21,123,559 Income per common share: $ 0.19 $ 0.22 The Series 1

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of commitments and contingent liabilities [text block]	11. Commitments and contingencies: The amount of credit related commitments represents the maximum amount of additional credit that the Bank could be obligated to extend. (thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Loan commitments $ 315,764 $ 296,248 $ 270,687 Letters of credit 51,131 46,462 48,290 $ 366,895 $ 342,710 $ 318,977

Note 12 - Related Party Transac

Note 12 - Related Party Transactions	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of related party [text block]	12. Related party transactions: The Bank’s Board of Directors and Senior Executive Officers represent key management personnel and are related parties. At January 31, 2022, January 31, 2021 - January 31, 2021 - three January 31, 2022 January 31, 2021 - January 31, 2021 - $nil January 31, 2022. $500,000 of the Bank’s $5.0 million subordinated notes payable, issued in March 2019, 6

Note 13 - Capital Management

Note 13 - Capital Management	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of objectives, policies and processes for managing capital [text block]	13. Capital management: a) Overview: The Bank’s policy is to maintain a strong capital base so as to retain investor, creditor and market confidence as well as to support the future growth and development of the business. The impact of the level of capital held on shareholders’ return is an important consideration and the Bank recognizes the need to maintain a balance between the higher returns that may may OSFI sets and monitors capital requirements for the Bank. Capital is managed in accordance with policies and plans that are regularly reviewed and approved by the Board of Directors and that take into account, amongst other items, forecasted capital requirements and current and anticipated financial market conditions. The goal is to maintain adequate regulatory capital for the Bank to be considered well capitalized, protect consumer deposits and provide capacity to support organic growth as well as to capitalize on strategic opportunities that do not 1 1 2 The Bank monitors its capital adequacy and related capital ratios on a daily basis and has policies setting internal targets and thresholds for its capital ratios. These capital ratios consist of the leverage ratio and the risk-based capital ratios. The Bank makes use of the Standardized Approach for credit risk as prescribed by OSFI, and therefore, may 2 19 second 2020 CET1 2020 2022 CET1 1 2 1 2 three January 31, 2020, 70% 2020, 50% 2021 25% 2022. During the period ended January 31, 2022, no b) Risk-Based Capital Ratios: The Basel Committee on Banking Supervision has published the Basel III rules on capital adequacy and liquidity (“Basel III”). OSFI requires that all Canadian banks must comply with the Basel III standards on an “all-in” basis for the purpose of determining their risk-based capital ratios. Required minimum regulatory capital ratios are a 7.0% Common Equity Tier 1 “CET1” 1 OSFI also requires banks to measure capital adequacy in accordance with guidelines for determining risk adjusted capital and risk-weighted assets including off-balance sheet credit instruments as specified in the Basel III regulations. Based on the deemed credit risk for each type of asset, both on and off balance sheet assets of the Bank are assigned a weighting ranging between 0% 150% The Bank’s risk-based capital ratios are calculated as follows: (thousands of Canadian dollars) January 31 October 31 2022 2021 "Transitional" & "All in" "All in" Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 228,015 $ 227,819 Retained earnings 95,276 90,644 Accumulated other comprehensive income 13 (4 ) CET1 before regulatory adjustments 323,304 318,459 Regulatory adjustments applied to CET1 (12,479 ) (12,751 ) Common Equity Tier 1 capital $ 310,825 $ 305,708 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 324,472 $ 319,355 Tier 2 capital Directly issued Tier 2 capital instruments $ 100,310 $ 97,910 Tier 2 capital before regulatory adjustments 100,310 97,910 Eligible stage 1 and stage 2 allowance 1,455 1,453 Total Tier 2 capital $ 101,765 $ 99,363 Total regulatory capital $ 426,237 $ 418,718 Total risk-weighted assets $ 2,095,335 $ 2,013,544 Capital ratios CET1 capital ratio 14.83 % 15.18 % Tier 1 capital ratio 15.49 % 15.86 % Total capital ratio 20.34 % 20.80 % As at January 31, 2022 October 31, 2021, c) Leverage Ratio: The leverage ratio, which is prescribed under the Basel III Accord, is a supplementary measure to the risk-based capital requirements and is defined as the ratio of Tier 1 (thousands of Canadian dollars) January 31 October 31 2022 2021 "Transitional" & "All in" "All in" On-balance sheet assets $ 2,415,346 $ 2,415,086 Assets amounts adjusted in determining the Basel III Tier 1 capital (12,479 ) (12,751 ) Total on-balance sheet exposures 2,402,867 2,402,335 Total off-balance sheet exposure at gross notional amount $ 366,895 $ 342,710 Adjustments for conversion to credit equivalent amount (212,919 ) (210,065 ) Total off-balance sheet exposures 153,976 132,645 Tier 1 capital 324,472 319,355 Total exposures 2,556,843 2,534,980 Leverage ratio 12.69 % 12.60 % As at January 31, 2022 October 31, 2021,

Note 14 - Interest Rate Risk Po

Note 14 - Interest Rate Risk Position	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of how entity manages liquidity risk [text block]	14. Interest rate risk position: The Bank is subject to interest rate risk which is the risk that a movement in interest rates could negatively impact net interest margin, net interest income and the economic value of assets, liabilities and shareholders’ equity. The following table provides the duration difference between the Bank’s assets and liabilities and the potential after-tax impact of a 100 12 100 60 no (thousands of Canadian dollars) January 31, 2022 October 31, 2021 Increase 100 bps Decrease 100 bps Increase 100 bps Decrease 100 bps Increase (decrease): Impact on projected net interest income during a 12 month period $ 3,951 $ (3,951 ) $ 4,147 $ (3,220 ) Impact on reported equity during a 60 month period $ 717 $ (1,196 ) $ 1,603 $ (1,586 ) Duration difference between assets and liabilities (months) 2.0 2.3

Note 15 - Fair Value of Financi

Note 15 - Fair Value of Financial Instruments	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of fair value of financial instruments [text block]	15. Fair Value of Financial Instruments: Fair values are based on management’s best estimates of market conditions and valuation policies at a certain point in time. The estimates are subjective and involve particular assumptions and matters of judgement and as such, may not not not 19 October 31, 2021 (thousands of Canadian dollars) As at January 31, 2022 October 31, 2021 Book Fair Book Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash and cash equivalents $ 155,239 $ 155,239 $ 271,523 $ 271,523 Loans 2,215,638 2,231,040 2,103,050 2,118,636 Other financial assets 3,891 3,891 3,596 3,596 Liabilities Deposits $ 1,847,003 $ 1,830,923 $ 1,853,204 $ 1,860,332 Subordinated notes payable 97,726 100,310 95,272 97,910 Other financial liabilities 130,836 130,836 130,657 130,657

Note 16 - Operating Segmentatio

Note 16 - Operating Segmentation	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of entity's operating segments [text block]	16. Operating Segmentation: The Bank has established two reportable operating segments, those being Banking and Cybersecurity Services. The two two Banking Cybersecurity Services The basis for the determination of the reportable segments is a function primarily of the systematic, consistent process employed by our chief operating decision maker, the Chief Executive Officer, and the Chief Financial Officer in reviewing and interpreting the operations and performance of each segment. The accounting policies applied to these segments are consistent with those employed in the preparation of our consolidated financial statements, as disclosed in Note 3 2021 Performance is measured based on segment net income, as included in the Bank’s internal management reporting. Management has determined that this measure is the most relevant in evaluating segment results and in the allocation of resources. Information regarding the results of each reportable operating segment is as follows: (thousands of Canadian dollars) for the three months ended January 31, 2022 January 31, 2021 Banking Cybersecurity Eliminations Consolidated Banking Cybersecurity Eliminations Consolidated and Adjustments and Adjustments Net interest income $ 16,885 $ - $ - $ 16,885 $ 14,374 $ - $ - $ 14,374 Non-interest income - 1,422 (41 ) 1,381 (17 ) 1,093 (28 ) 1,048 Total revenue 16,885 1,422 (41 ) 18,266 14,357 1,093 (28 ) 15,422 Provision for (recovery of) credit losses 2 - - 2 57 - - 57 16,883 1,422 (41 ) 18,264 14,300 1,093 (28 ) 15,365 Non-interest expenses: Salaries and benefits 5,440 643 - 6,083 4,698 332 - 5,030 General and administrative 3,482 183 (41 ) 3,624 2,062 305 (28 ) 2,339 Premises and equipment 582 347 - 929 570 148 - 718 9,504 1,173 (41 ) 10,636 7,330 785 (28 ) 8,087 Income before income taxes 7,379 249 - 7,628 6,970 308 - 7,278 Income tax provision 1,961 101 - 2,062 1,853 135 - 1,988 Net income $ 5,418 $ 148 $ - $ 5,566 $ 5,117 $ 173 $ - $ 5,290 Total assets $ 2,412,167 $ 23,767 $ (20,588 ) $ 2,415,346 $ 2,041,784 $ 20,612 $ (17,420 ) $ 2,044,976 Total liabilities $ 2,072,691 $ 25,147 $ (19,443 ) $ 2,078,395 $ 1,781,121 $ 20,622 $ (16,275 ) $ 1,785,468 While the Bank has operations in the US, primarily through its DRTC operations, substantially all of the Bank’s earnings and assets are based in Canada.

Note 17 - Comparative Balances

Note 17 - Comparative Balances	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of reclassifications or changes in presentation [text block]	17. Comparative balances: Certain comparative balances have been reclassified to conform with the financial statement presentation adopted in the current period.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2022
Discloure of Significant Accounting Policies
Description of accounting policy for segment reporting [text block]	Segment reporting: Effective the quarter ending January 31, 2022, 8 Segment Reporting two 16.

Note 4 - Loans (Tables)

Note 4 - Loans (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Discosure of loans, net [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Commercial real estate mortgages $ 722,829 $ 757,576 $ 712,256 Commercial real estate loans 14,600 26,569 31,663 Point of sale loans and leases 1,439,781 1,279,576 1,008,029 Public sector and other financing 31,247 32,587 36,612 2,208,457 2,096,308 1,788,560 Allowance for credit losses (1,455 ) (1,453 ) (1,832 ) Accrued interest 8,636 8,195 6,996 Total loans, net of allowance for credit losses $ 2,215,638 $ 2,103,050 $ 1,793,724
Disclosure of loans by lending asset category [text block]	As at January 31, 2022 As at October 31, 2021 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Commercial real estate mortgages $ 667,949 $ 54,880 $ - $ 722,829 $ 694,869 $ 62,707 $ - $ 757,576 ECL allowance 949 96 - 1,045 980 134 - 1,114 EL % 0.14 % 0.17 % 0.00 % 0.14 % 0.14 % 0.21 % 0.00 % 0.15 % Commercial real estate loans $ 14,600 $ - $ - $ 14,600 $ 26,569 $ - $ - $ 26,569 ECL allowance 36 - - 36 45 - - 45 EL % 0.25 % 0.00 % 0.00 % 0.25 % 0.17 % 0.00 % 0.00 % 0.17 % Point of sale loans and leases $ 1,437,391 $ 2,390 $ - $ 1,439,781 $ 1,277,011 $ 2,565 $ - $ 1,279,576 ECL allowance 370 - - 370 275 - - 275 EL % 0.03 % 0.00 % 0.00 % 0.03 % 0.02 % 0.00 % 0.00 % 0.02 % Public sector and other financing $ 31,168 $ 79 $ - $ 31,247 $ 32,507 $ 80 $ - $ 32,587 ECL allowance 4 - - 4 16 3 - 19 EL % 0.01 % 0.00 % 0.00 % 0.01 % 0.05 % 3.75 % 0.00 % 0.06 % Loans $ 2,151,108 $ 57,349 $ - $ 2,208,457 $ 2,030,956 $ 65,352 $ - $ 2,096,308 Total ECL allowance 1,359 96 - 1,455 1,316 137 - 1,453 Total EL % 0.06 % 0.17 % 0.00 % 0.07 % 0.06 % 0.21 % 0.00 % 0.07 %
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [text block]	(thousands of Canadian dollars) Reported 100 % 100 % 100 % ECL Upside Baseline Downside Allowance for expected credit losses $ 1,455 $ 898 $ 1,193 $ 1,675 Variance from reported ECL (557 ) (262 ) 220 Variance from reported ECL (%) (38 %) (18 %) 15 %
Disclosure of Reconciliation of changes in allowance account for credit losses of financial assets [text block]	(thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Commercial real estate mortgages Balance at beginning of period $ 980 $ 134 $ - $ 1,114 Transfer in (out) to Stage 1 14 (14 ) - - Transfer in (out) to Stage 2 (4 ) 4 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (28 ) (24 ) - (52 ) Loan originations 80 - - 80 Derecognitions and maturities (93 ) (4 ) - (97 ) Provision for (recovery of) credit losses (31 ) (38 ) - (69 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 949 $ 96 $ - $ 1,045 Commercial real estate loans Balance at beginning of period $ 45 $ - $ - $ 45 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (9 ) - - (9 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (9 ) - - (9 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 36 $ - $ - $ 36 Point of sale loans and leases Balance at beginning of period $ 275 $ - $ - $ 275 Transfer in (out) to Stage 1 38 (38 ) - - Transfer in (out) to Stage 2 (58 ) 58 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 115 (20 ) - 95 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 95 - - 95 Write-offs - - - - Recoveries - - - - Balance at end of period $ 370 $ - $ - $ 370 Public sector and other financing Balance at beginning of period $ 16 $ 3 $ - $ 19 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (11 ) (3 ) - (14 ) Loan originations - - - - Derecognitions and maturities (1 ) - - (1 ) Provision for (recovery of) credit losses (12 ) (3 ) - (15 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 4 $ - $ - $ 4 Total balance at end of period $ 1,359 $ 96 $ - $ 1,455 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Commercial real estate mortgages Balance at beginning of period $ 1,174 $ 192 $ - $ 1,366 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (2 ) 2 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 67 10 - 77 Loan originations 146 - - 146 Derecognitions and maturities (39 ) (37 ) - (76 ) Provision for (recovery of) credit losses 172 (25 ) - 147 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,346 $ 167 $ - $ 1,513 Commercial real estate loans Balance at beginning of period $ 137 $ - $ - $ 137 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (65 ) - - (65 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (65 ) - - (65 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 72 $ - $ - $ 72 Point of sale loans and leases Balance at beginning of period $ 215 $ - $ - $ 215 Transfer in (out) to Stage 1 20 (20 ) - - Transfer in (out) to Stage 2 (44 ) 44 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 16 (24 ) - (8 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (8 ) - - (8 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 207 $ - $ - $ 207 Public sector and other financing Balance at beginning of period $ 57 $ - $ - $ 57 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (17 ) - - (17 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (17 ) - - (17 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 40 $ - $ - $ 40 Total balance at end of period $ 1,665 $ 167 $ - $ 1,832

Note 5 - Other Assets (Tables)

Note 5 - Other Assets (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of detailed information about other assets [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Accounts receivable $ 2,938 $ 2,643 $ 2,604 Prepaid expenses and other 16,881 12,699 9,726 Property and equipment 6,905 7,075 7,643 Right-of-use assets 4,643 4,817 5,337 Deferred income tax asset 2,868 2,931 4,286 Investment 953 953 - Goodwill 5,754 5,754 5,754 Intangible assets 3,527 3,641 3,886 Total other assets $ 44,469 $ 40,513 $ 39,236

Note 6 - Subordinated Notes P_2

Note 6 - Subordinated Notes Payable (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of detailed information about borrowings [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Ten 5.0 500,000 10.41 March 2029 $ 4,901 $ 4,898 $ 4,891 Ten 75.0 5.38 May 2031 92,825 90,374 - $ 97,726 $ 95,272 $ 4,891

Note 7 - Other Liabilities (Tab

Note 7 - Other Liabilities (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of detailed information about other liabilities [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Accounts payable and other $ 6,155 $ 6,893 $ 5,359 Current income tax liability 1,975 2,949 1,052 Deferred income tax liability 855 898 898 Lease obligations 4,944 5,113 5,598 Cash collateral and amounts held in escrow 5,252 7,887 3,379 Cash reserves on loan and lease receivables 114,485 110,764 99,597 $ 133,666 $ 134,504 $ 115,883

Note 8 - Share Capital (Tables)

Note 8 - Share Capital (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of number and weighted average exercise prices of share options [text block]	for the three months ended January 31, 2022 January 31, 2021 Weighted Weighted Number of average Number of average options exercise price options exercise price Outstanding, beginning of period 40,000 $ 7.00 42,017 $ 10.73 Granted 913,730 15.90 - - Exercised - - - - Forfeired/cancelled - - - - Expired - - - - Outstanding, end of period 953,730 $ 15.53 42,017 $ 10.73

Note 10 - Income Per Common S_2

Note 10 - Income Per Common Share (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Earnings per share [text block]	(thousands of Canadian dollars) for the three months ended January 31 January 31 2022 2021 Net income $ 5,566 $ 5,290 Less: dividends on preferred shares (247 ) (542 ) 5,319 4,748 Average number of common shares outstanding 27,441,082 21,123,559 Income per common share: $ 0.19 $ 0.22

Note 11 - Commitments and Con_2

Note 11 - Commitments and Contingencies (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of commitments [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2022 2021 2021 Loan commitments $ 315,764 $ 296,248 $ 270,687 Letters of credit 51,131 46,462 48,290 $ 366,895 $ 342,710 $ 318,977

Note 13 - Capital Management (T

Note 13 - Capital Management (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of regulatory capital and capital ratios [text block]	(thousands of Canadian dollars) January 31 October 31 2022 2021 "Transitional" & "All in" "All in" Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 228,015 $ 227,819 Retained earnings 95,276 90,644 Accumulated other comprehensive income 13 (4 ) CET1 before regulatory adjustments 323,304 318,459 Regulatory adjustments applied to CET1 (12,479 ) (12,751 ) Common Equity Tier 1 capital $ 310,825 $ 305,708 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 324,472 $ 319,355 Tier 2 capital Directly issued Tier 2 capital instruments $ 100,310 $ 97,910 Tier 2 capital before regulatory adjustments 100,310 97,910 Eligible stage 1 and stage 2 allowance 1,455 1,453 Total Tier 2 capital $ 101,765 $ 99,363 Total regulatory capital $ 426,237 $ 418,718 Total risk-weighted assets $ 2,095,335 $ 2,013,544 Capital ratios CET1 capital ratio 14.83 % 15.18 % Tier 1 capital ratio 15.49 % 15.86 % Total capital ratio 20.34 % 20.80 % (thousands of Canadian dollars) January 31 October 31 2022 2021 "Transitional" & "All in" "All in" On-balance sheet assets $ 2,415,346 $ 2,415,086 Assets amounts adjusted in determining the Basel III Tier 1 capital (12,479 ) (12,751 ) Total on-balance sheet exposures 2,402,867 2,402,335 Total off-balance sheet exposure at gross notional amount $ 366,895 $ 342,710 Adjustments for conversion to credit equivalent amount (212,919 ) (210,065 ) Total off-balance sheet exposures 153,976 132,645 Tier 1 capital 324,472 319,355 Total exposures 2,556,843 2,534,980 Leverage ratio 12.69 % 12.60 %

Note 14 - Interest Rate Risk _2

Note 14 - Interest Rate Risk Position (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk [text block]	(thousands of Canadian dollars) January 31, 2022 October 31, 2021 Increase 100 bps Decrease 100 bps Increase 100 bps Decrease 100 bps Increase (decrease): Impact on projected net interest income during a 12 month period $ 3,951 $ (3,951 ) $ 4,147 $ (3,220 ) Impact on reported equity during a 60 month period $ 717 $ (1,196 ) $ 1,603 $ (1,586 ) Duration difference between assets and liabilities (months) 2.0 2.3

Note 15 - Fair Value of Finan_2

Note 15 - Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of detailed information about financial instruments [text block]	(thousands of Canadian dollars) As at January 31, 2022 October 31, 2021 Book Fair Book Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash and cash equivalents $ 155,239 $ 155,239 $ 271,523 $ 271,523 Loans 2,215,638 2,231,040 2,103,050 2,118,636 Other financial assets 3,891 3,891 3,596 3,596 Liabilities Deposits $ 1,847,003 $ 1,830,923 $ 1,853,204 $ 1,860,332 Subordinated notes payable 97,726 100,310 95,272 97,910 Other financial liabilities 130,836 130,836 130,657 130,657

Note 16 - Operating Segmentat_2

Note 16 - Operating Segmentation (Tables)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	(thousands of Canadian dollars) for the three months ended January 31, 2022 January 31, 2021 Banking Cybersecurity Eliminations Consolidated Banking Cybersecurity Eliminations Consolidated and Adjustments and Adjustments Net interest income $ 16,885 $ - $ - $ 16,885 $ 14,374 $ - $ - $ 14,374 Non-interest income - 1,422 (41 ) 1,381 (17 ) 1,093 (28 ) 1,048 Total revenue 16,885 1,422 (41 ) 18,266 14,357 1,093 (28 ) 15,422 Provision for (recovery of) credit losses 2 - - 2 57 - - 57 16,883 1,422 (41 ) 18,264 14,300 1,093 (28 ) 15,365 Non-interest expenses: Salaries and benefits 5,440 643 - 6,083 4,698 332 - 5,030 General and administrative 3,482 183 (41 ) 3,624 2,062 305 (28 ) 2,339 Premises and equipment 582 347 - 929 570 148 - 718 9,504 1,173 (41 ) 10,636 7,330 785 (28 ) 8,087 Income before income taxes 7,379 249 - 7,628 6,970 308 - 7,278 Income tax provision 1,961 101 - 2,062 1,853 135 - 1,988 Net income $ 5,418 $ 148 $ - $ 5,566 $ 5,117 $ 173 $ - $ 5,290 Total assets $ 2,412,167 $ 23,767 $ (20,588 ) $ 2,415,346 $ 2,041,784 $ 20,612 $ (17,420 ) $ 2,044,976 Total liabilities $ 2,072,691 $ 25,147 $ (19,443 ) $ 2,078,395 $ 1,781,121 $ 20,622 $ (16,275 ) $ 1,785,468

Note 4 - Loans (Details Textual

Note 4 - Loans (Details Textual) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Statement Line Items [Line Items]
Total financial assets	$ 2,215,638	$ 2,103,050	$ 1,793,724
Financial assets impaired [member]
Statement Line Items [Line Items]
Total financial assets	$ 0	$ 0

Note 4 - Loans - Portfolio Anal

Note 4 - Loans - Portfolio Analysis (Details) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 31, 2020
Statement Line Items [Line Items]
Principal amount	$ 2,208,457	$ 2,096,308	$ 1,788,560
Allowance for credit losses	(1,455)	(1,453)	(1,832)
Accrued interest	8,636	8,195	6,996
Total loans, net of allowance for credit losses	2,215,638	2,103,050	1,793,724
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Principal amount	722,829	757,576	712,256
Allowance for credit losses	(1,045)	(1,114)	(1,513)	$ (1,366)
Commercial real estate loans [member]
Statement Line Items [Line Items]
Principal amount	14,600	26,569	31,663
Allowance for credit losses	(36)	(45)	(72)	(137)
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Principal amount	1,439,781	1,279,576	1,008,029
Allowance for credit losses	(370)	(275)	(207)	(215)
Public sector and other financing [member]
Statement Line Items [Line Items]
Principal amount	31,247	32,587	36,612
Allowance for credit losses	$ (4)	$ (19)	$ (40)	$ (57)

Note 4 - Loans - Summary of Loa

Note 4 - Loans - Summary of Loan, ECL, and EL amounts by lending asset category (Details) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 31, 2020
Statement Line Items [Line Items]
Notional amount	$ 2,208,457	$ 2,096,308	$ 1,788,560
ECL allowance	$ 1,455	$ 1,453	1,832
EL %	0.07%	0.07%
Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 2,151,108	$ 2,030,956
ECL allowance	$ 1,359	$ 1,316	1,665
EL %	0.06%	0.06%
Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 57,349	$ 65,352
ECL allowance	$ 96	$ 137	167
EL %	0.17%	0.21%
Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	0
EL %	0.00%	0.00%
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Notional amount	$ 722,829	$ 757,576	712,256
ECL allowance	$ 1,045	$ 1,114	1,513	$ 1,366
EL %	0.14%	0.15%
Commercial real estate mortgages [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 667,949	$ 694,869
ECL allowance	$ 949	$ 980	1,346	1,174
EL %	0.14%	0.14%
Commercial real estate mortgages [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 54,880	$ 62,707
ECL allowance	$ 96	$ 134	167	192
EL %	0.17%	0.21%
Commercial real estate mortgages [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	0	0
EL %	0.00%	0.00%
Commercial real estate loans [member]
Statement Line Items [Line Items]
Notional amount	$ 14,600	$ 26,569	31,663
ECL allowance	$ 36	$ 45	72	137
EL %	0.25%	0.17%
Commercial real estate loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 14,600	$ 26,569
ECL allowance	$ 36	$ 45	72	137
EL %	0.25%	0.17%
Commercial real estate loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	0	0
EL %	0.00%	0.00%
Commercial real estate loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	0	0
EL %	0.00%	0.00%
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Notional amount	$ 1,439,781	$ 1,279,576	1,008,029
ECL allowance	$ 370	$ 275	207	215
EL %	0.03%	0.02%
Point of sale loans and leases [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 1,437,391	$ 1,277,011
ECL allowance	$ 370	$ 275	207	215
EL %	0.03%	0.02%
Point of sale loans and leases [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 2,390	$ 2,565
ECL allowance	$ 0	$ 0	0	0
EL %	0.00%	0.00%
Point of sale loans and leases [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	0	0
EL %	0.00%	0.00%
Public sector and other financing [member]
Statement Line Items [Line Items]
Notional amount	$ 31,247	$ 32,587	36,612
ECL allowance	$ 4	$ 19	40	57
EL %	0.01%	0.06%
Public sector and other financing [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 31,168	$ 32,507
ECL allowance	$ 4	$ 16	40	57
EL %	0.01%	0.05%
Public sector and other financing [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 79	$ 80
ECL allowance	$ 0	$ 3	0	0
EL %	0.00%	3.75%
Public sector and other financing [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	$ 0	$ 0
EL %	0.00%	0.00%

Note 4 - Loans - Expected Credi

Note 4 - Loans - Expected Credit Loss Sensitivity (Details) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 1,455	$ 1,453	$ 1,832
Upside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	898
Variance from reported ECL	$ (557)
Variance from reported ECL (%)	(38.00%)
Baseline, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 1,193
Variance from reported ECL	$ (262)
Variance from reported ECL (%)	(18.00%)
Downside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 1,675
Variance from reported ECL	$ 220
Variance from reported ECL (%)	15.00%

Note 4 - Loans - Reconciliation

Note 4 - Loans - Reconciliation of ECL Allowance by Lending Asset Category (Details) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Statement Line Items [Line Items]
Provision for (recovery of) credit losses	$ 2	$ 57
Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,453
Balance at end of period	1,455	1,832
Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,316
Balance at end of period	1,359	1,665
Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	137
Balance at end of period	96	167
Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0
Balance at end of period	0	0
Commercial real estate mortgages [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,114	1,366
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(52)	77
Loan originations	80	146
Derecognitions and maturities	(97)	(76)
Provision for (recovery of) credit losses	(69)	147
Write-offs	0	0
Recoveries	0	0
Balance at end of period	1,045	1,513
Commercial real estate mortgages [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	980	1,174
Transfer in (out) to Stage 1	14	0
Transfer in (out) to Stage 2	(4)	(2)
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(28)	67
Loan originations	80	146
Derecognitions and maturities	(93)	(39)
Provision for (recovery of) credit losses	(31)	172
Write-offs	0	0
Recoveries	0	0
Balance at end of period	949	1,346
Commercial real estate mortgages [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	134	192
Transfer in (out) to Stage 1	(14)	0
Transfer in (out) to Stage 2	4	2
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(24)	10
Loan originations	0	0
Derecognitions and maturities	(4)	(37)
Provision for (recovery of) credit losses	(38)	(25)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	96	167
Commercial real estate mortgages [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Commercial real estate loans [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	45	137
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(9)	(65)
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	(9)	(65)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	36	72
Commercial real estate loans [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	45	137
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(9)	(65)
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	(9)	(65)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	36	72
Commercial real estate loans [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Commercial real estate loans [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Point of sale loans and leases [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	275	215
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	95	(8)
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	95	(8)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	370	207
Point of sale loans and leases [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	275	215
Transfer in (out) to Stage 1	38	20
Transfer in (out) to Stage 2	(58)	(44)
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	115	16
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	95	(8)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	370	207
Point of sale loans and leases [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	(38)	(20)
Transfer in (out) to Stage 2	58	44
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(20)	(24)
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Point of sale loans and leases [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Public sector and other financing [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	19	57
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(14)	(17)
Loan originations	0	0
Derecognitions and maturities	(1)	0
Provision for (recovery of) credit losses	(15)	(17)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	4	40
Public sector and other financing [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	16	57
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(11)	(17)
Loan originations	0	0
Derecognitions and maturities	(1)	0
Provision for (recovery of) credit losses	(12)	(17)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	4	40
Public sector and other financing [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	3	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(3)	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	(3)	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Public sector and other financing [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	$ 0	$ 0

Note 5 - Other Assets (Details

Note 5 - Other Assets (Details Textual) - Canada Stablecorp Inc.[member]	1 Months Ended
	Feb. 28, 2021CAD ($)
Statement Line Items [Line Items]
Proportion of ownership interest in associate	11.00%
Purchase of interests in associates	$ 953,000

Note 5 - Other Assets - Schedul

Note 5 - Other Assets - Schedule of Other Assets (Details) - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Statement Line Items [Line Items]
Accounts receivable	$ 2,938	$ 2,643	$ 2,604
Prepaid expenses and other	16,881	12,699	9,726
Property and equipment	6,905	7,075	7,643
Right-of-use assets	4,643	4,817	5,337
Deferred income tax asset	2,868	2,931	4,286
Investment	953	953	0
Goodwill	5,754	5,754	5,754
Intangible assets	3,527	3,641	3,886
Total other assets	$ 44,469	$ 40,513	$ 39,236

Note 6 - Subordinated Notes P_3

Note 6 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Ten year term, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $5.0 million, $500,000 is held by related party (note 12), effective interest rate of 10.41%, maturing March 2029.	$ 4,901	$ 4,898	$ 4,891
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Ten year term, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $5.0 million, $500,000 is held by related party (note 12), effective interest rate of 10.41%, maturing March 2029.	92,825	90,374	0
Subordinated notes payable [member]
Statement Line Items [Line Items]
Ten year term, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $5.0 million, $500,000 is held by related party (note 12), effective interest rate of 10.41%, maturing March 2029.	$ 97,726	$ 95,272	$ 4,891

Note 6 - Subordinated Notes P_4

Note 6 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) (Parentheticals) - CAD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Oct. 31, 2021
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Term (Year) (Year)	10 years	10 years	10 years
Principal amount	$ 5	$ 5	$ 5
Interest rate	10.41%	10.41%	10.41%
Maturity date	Mar. 31, 2029	Mar. 31, 2029	Mar. 31, 2029
Subordinated notes payable, maturing March 2029 [member] | Key management personnel of entity or parent [member]
Statement Line Items [Line Items]
Principal amount	$ 0.5	$ 0.5	$ 0.5
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Term (Year) (Year)	10 years	10 years	10 years
Principal amount	$ 75	$ 75	$ 75
Interest rate	5.38%	5.38%	5.38%
Maturity date	May 31, 2031	May 31, 2031	May 31, 2031

Note 7 - Other Liabilities - Sc

Note 7 - Other Liabilities - Schedule of Other Liabilities (Details) - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Statement Line Items [Line Items]
Accounts payable and other	$ 6,155	$ 6,893	$ 5,359
Current income tax liability	1,975	2,949	1,052
Deferred income tax liability	855	898	898
Lease obligations	4,944	5,113	5,598
Cash collateral and amounts held in escrow	5,252	7,887	3,379
Cash reserves on loan and lease receivables	114,485	110,764	99,597
Other liabilities	$ 133,666	$ 134,504	$ 115,883

Note 8 - Share Capital (Details

Note 8 - Share Capital (Details Textual)	Apr. 30, 2021CAD ($)$ / sharesshares	Jan. 31, 2022CAD ($)$ / sharesshares	Jan. 31, 2021CAD ($)	Oct. 31, 2021shares	Oct. 31, 2020
Statement Line Items [Line Items]
Term of share option for share-based payment arrangement (Year)		5 years
Vesting period of share options for share-based payment arrangement (Year)		3 years
Maximum number of instruments authorized in share-based payment arrangement (in shares)		1,240,000
Number of share options outstanding in share-based payment arrangement at end of period		953,730	42,017	40,000	42,017
Total expense from share-based payment transactions in which goods or services received did not qualify for recognition as assets | $		$ 196,000	$ 0
Number of share options granted in share-based payment arrangement		913,730	0
Risk free interest rate, share options granted		1.26%
Option life, share options granted		3.5
Expected volatility, share options granted		29.50%
Expected dividend as percentage, share options granted		0.64%
Forfeiture rate, share options granted		2.00%
Weighted average share price, share options granted (in CAD per share) | $ / shares		$ 3.10
Number of share options exercisable in share-based payment arrangement		40,000
Weighted average exercise price of share options exercisable in share-based payment arrangement (in CAD per share) | $ / shares		$ 7
Ordinary shares [member]
Statement Line Items [Line Items]
Number of shares outstanding at end of period (in shares)		27,441,082		27,441,082
Series 1 preferred shares [member]
Statement Line Items [Line Items]
Number of shares outstanding at end of period (in shares)		1,461,460		1,461,460
Series 3 preferred shares [member]
Statement Line Items [Line Items]
Number of shares outstanding at end of period (in shares)	1,681,320			0
Preference shares, conversion price (in CAD per share) | $ / shares	$ 10
Payments for redemption of preference shares | $	$ 16,800,000
Share issue related cost | $	$ 1,100,000

Note 8 - Share Capital - Stock

Note 8 - Share Capital - Stock Option Transactions (Details)	3 Months Ended
	Jan. 31, 2022$ / shares	Jan. 31, 2021$ / shares
Statement Line Items [Line Items]
Outstanding, beginning of period	40,000	42,017
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 7	$ 10.73
Granted	913,730	0
Granted, weighted average exercise price (in CAD per share)	$ 15.90	$ 0
Exercised	0	0
Exercised, weighted average exercise price (in CAD per share)	$ 0	$ 0
Forfeired/cancelled	0	0
Forfeired/cancelled, weighted average exercise price (in CAD per share)	$ 0	$ 0
Expired	0	0
Expired, weighted average exercise price (in CAD per share)	$ 0	$ 0
Outstanding, end of period	953,730	42,017
Outstanding, end of period, weighted average exercise price (in CAD per share)	$ 15.53	$ 10.73

Note 9 - Income Tax Provision (

Note 9 - Income Tax Provision (Details Textual) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Statement Line Items [Line Items]
Tax income (expense)	$ 2,062	$ 1,988
Applicable tax rate	27.00%	27.00%

Note 10 - Income Per Common S_3

Note 10 - Income Per Common Share - Basic and Diluted Income Per Common Share (Details) - CAD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Statement Line Items [Line Items]
Net income	$ 5,566	$ 5,290
Less: dividends on preferred shares	(247)	(542)
Profit (loss), attributable to ordinary equity holders of parent entity	$ 5,319	$ 4,748
Weighted average number of common shares outstanding (in shares)	27,441,082	21,123,559
Income per common share: (in CAD per share)	$ 0.19	$ 0.22

Note 11 - Commitments and Con_3

Note 11 - Commitments and Contingencies - Credit Related Commitments (Details) - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Statement Line Items [Line Items]
Credit commitments	$ 366,895	$ 342,710	$ 318,977
Loan commitments [member]
Statement Line Items [Line Items]
Credit commitments	315,764	296,248	270,687
Letters of credit [member]
Statement Line Items [Line Items]
Credit commitments	$ 51,131	$ 46,462	$ 48,290

Note 12 - Related Party Trans_2

Note 12 - Related Party Transactions (Details Textual) - CAD ($)	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Mar. 31, 2019
Statement Line Items [Line Items]
Revenue from rendering of services, related party transactions	$ 24,000	$ 17,000
Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount			$ 5,000,000
Key management personnel of entity or parent [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	1,400,000	1,400,000
Allowance account for credit losses of financial assets at end of period	0	0
Key management personnel of entity or parent [member] | Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount			$ 500,000
Corporation controlled by key management personnel [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	$ 2,400,000	$ 2,400,000

Note 13 - Capital Management (D

Note 13 - Capital Management (Details Textual)	Jan. 31, 2022
Statement Line Items [Line Items]
Maximum percentage of credit risk-weighted assets for allowance	1.25%
Required minimum capital ratio, common equity tier 1	7.00%
Required minimum capital ratio, tier 1 capital	8.50%
Required minimum capital ratio, total capital	10.50%
Capital conservation buffer	2.50%
Minimum leverage ratio	3.00%

Note 13 - Capital Management -

Note 13 - Capital Management - Risk-based Capital Ratios (Details) - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Statement Line Items [Line Items]
Directly issued capital instruments	$ 241,662	$ 241,466	$ 182,094
Retained earnings	95,276	90,644	77,414
Accumulated other comprehensive income	13	(4)	0
Regulatory capital		418,718
Total risk-weighted assets		$ 2,013,544
CET1 capital ratio		20.80%
Total assets	2,415,346	$ 2,415,086	$ 2,044,976
Transitional [member]
Statement Line Items [Line Items]
Regulatory capital	426,237
Total risk-weighted assets	$ 2,095,335
CET1 capital ratio	20.34%
Basel III [member]
Statement Line Items [Line Items]
Total assets		2,415,086
Total on-balance sheet exposures		2,402,335
Total off-balance sheet exposure at gross notional amount	$ 366,895	342,710
Adjustments for conversion to credit equivalent amount		210,065
Total off-balance sheet exposures	153,976	132,645
Total exposures		$ 2,534,980
Leverage ratio		12.60%
Basel III [member] | Transitional [member]
Statement Line Items [Line Items]
Total assets	2,415,346
Total on-balance sheet exposures	2,402,867
Adjustments for conversion to credit equivalent amount	212,919
Total exposures	$ 2,556,843
Leverage ratio	12.69%
Common equity tier 1 [member]
Statement Line Items [Line Items]
Directly issued capital instruments		$ 227,819
Retained earnings		90,644
Accumulated other comprehensive income		(4)
Regulatory capital before adjustments		318,459
Adjustments to capital		(12,751)
Regulatory capital		$ 305,708
CET1 capital ratio		15.18%
Common equity tier 1 [member] | Transitional [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 228,015
Retained earnings	95,276
Accumulated other comprehensive income	13
Regulatory capital before adjustments	323,304
Adjustments to capital	(12,479)
Regulatory capital	$ 310,825
CET1 capital ratio	14.83%
Capital Tier 1 [member]
Statement Line Items [Line Items]
Directly issued capital instruments		$ 13,647
Regulatory capital		$ 319,355
CET1 capital ratio		15.86%
Capital Tier 1 [member] | Transitional [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 13,647
Regulatory capital	$ 324,472
CET1 capital ratio	15.49%
Tier 2 capital [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 100,310	$ 97,910
Regulatory capital before adjustments		97,910
Adjustments to capital		1,453
Regulatory capital		$ 99,363
Tier 2 capital [member] | Transitional [member]
Statement Line Items [Line Items]
Regulatory capital before adjustments	100,310
Adjustments to capital	1,455
Regulatory capital	$ 101,765

Note 14 - Interest Rate Risk _3

Note 14 - Interest Rate Risk Position - Analysis of Sensitivity to Market Interest Rates (Details) - Interest rate risk [member] - CAD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
Increase 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ 3,951	$ 4,147
Impact on reported equity during a 60 month period	$ 717	$ 1,603
Duration difference between assets and liabilities (months) (Month)	2 months	2 months 9 days
Decrease 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ (3,951)	$ (3,220)
Impact on reported equity during a 60 month period	$ (1,196)	$ (1,586)

Note 15 - Fair Value of Finan_3

Note 15 - Fair Value of Financial Instruments - Fair Value of Financial Instruments (Details) - CAD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, book value	$ 1,847,003	$ 1,853,204
Liabilities, fair value	1,830,923	1,860,332
Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, book value	97,726	95,272
Liabilities, fair value	100,310	97,910
Other liabilities [member]
Statement Line Items [Line Items]
Liabilities, book value	130,836	130,657
Liabilities, fair value	130,836	130,657
Cash and cash equivalents [member]
Statement Line Items [Line Items]
Assets, book value	155,239	271,523
Assets, fair value	155,239	271,523
Loans, net [member]
Statement Line Items [Line Items]
Assets, book value	2,215,638	2,103,050
Assets, fair value	2,231,040	2,118,636
Other assets [member]
Statement Line Items [Line Items]
Assets, book value	3,891	3,596
Assets, fair value	$ 3,891	$ 3,596

Note 16 - Operating Segmentat_3

Note 16 - Operating Segmentation (Details Textual)	3 Months Ended
	Jan. 31, 2022
Statement Line Items [Line Items]
Number of segments	2

Note 16 - Operating Segmentat_4

Note 16 - Operating Segmentation - Results of Reportable Operating Segments (Details) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Oct. 31, 2021
Statement Line Items [Line Items]
Net interest income	$ 16,885	$ 14,374
Non-interest income	1,381	1,048
Total revenue	18,266	15,422
Provision for (recovery of) credit losses	2	57
Revenue less provision for credit loss	18,264	15,365
Non-interest expenses:
Salaries and benefits	6,083	5,030
General and administrative	3,624	2,339
Premises and equipment	929	718
Noninterest expense	10,636	8,087
Income before income taxes	7,628	7,278
Income tax provision	2,062	1,988
Net income	5,566	5,290
Total assets	2,415,346	2,044,976	$ 2,415,086
Total liabilities	2,078,395	1,785,468	$ 2,082,980
Elimination of intersegment amounts [member]
Statement Line Items [Line Items]
Net interest income	0	0
Non-interest income	(41)	(28)
Total revenue	(41)	(28)
Provision for (recovery of) credit losses	0	0
Revenue less provision for credit loss	(41)	(28)
Non-interest expenses:
Salaries and benefits	0	0
General and administrative	(41)	(28)
Premises and equipment	0	0
Noninterest expense	(41)	(28)
Income before income taxes	0	0
Income tax provision	0	0
Net income	0	0
Total assets	(20,588)	(17,420)
Total liabilities	(19,443)	(16,275)
Banking segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	16,885	14,374
Non-interest income	0	(17)
Total revenue	16,885	14,357
Provision for (recovery of) credit losses	2	57
Revenue less provision for credit loss	16,883	14,300
Non-interest expenses:
Salaries and benefits	5,440	4,698
General and administrative	3,482	2,062
Premises and equipment	582	570
Noninterest expense	9,504	7,330
Income before income taxes	7,379	6,970
Income tax provision	1,961	1,853
Net income	5,418	5,117
Total assets	2,412,167	2,041,784
Total liabilities	2,072,691	1,781,121
Cybersecurity segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	0	0
Non-interest income	1,422	1,093
Total revenue	1,422	1,093
Provision for (recovery of) credit losses	0	0
Revenue less provision for credit loss	1,422	1,093
Non-interest expenses:
Salaries and benefits	643	332
General and administrative	183	305
Premises and equipment	347	148
Noninterest expense	1,173	785
Income before income taxes	249	308
Income tax provision	101	135
Net income	148	173
Total assets	23,767	20,612
Total liabilities	$ 25,147	$ 20,622