VersaBank (VBNK) 6-K 1 Jun 22 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	Apr. 30, 2022
Document Information [Line Items]
Entity Registrant Name	VersaBank
Document, Type	6-K
Current Fiscal Year End Date	--10-31
Document, Period End Date	Apr. 30, 2022
Entity, File Number	001-40805
Entity, Address, Address Line One	140 Fullarton Street
Entity, Address, Address Line Two	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	Apr. 30, 2022	Oct. 31, 2021	Apr. 30, 2021
Assets
Cash	$ 198,157	$ 271,523	$ 272,428
Loans, net of allowance for credit losses (note 4)	2,450,276	2,103,050	1,829,776
Other assets (note 5)	43,713	40,513	37,553
Total assets	2,692,146	2,415,086	2,139,757
Liabilities and Shareholders' Equity
Deposits	2,124,916	1,853,204	1,679,273
Subordinated notes payable (note 6)	98,410	95,272	94,392
Other liabilities (note 7)	127,406	134,504	118,726
Total liabilities	2,350,732	2,082,980	1,892,391
Shareholders' equity:
Share capital (note 8)	242,086	241,466	166,404
Retained earnings	99,285	90,644	80,965
Accumulated other comprehensive income (loss)	43	(4)	(3)
Total equity	341,414	332,106	247,366
Total equity and liabilities	$ 2,692,146	$ 2,415,086	$ 2,139,757

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Interest income:
Loans	$ 25,472	$ 21,301	$ 49,986	$ 42,387
Other	376	348	582	777
Interest income	25,848	21,649	50,568	43,164
Interest expense:
Deposits and other	7,239	6,414	13,708	13,428
Subordinated notes	1,367	140	2,733	267
Interest expense	8,606	6,554	16,441	13,695
Net interest income	17,242	15,095	34,127	29,469
Non-interest income	1,393	875	2,774	1,923
Total revenue	18,635	15,970	36,901	31,392
Provision for (recovery of) credit losses (note 4)	78	(312)	80	(255)
Revenue less provision for credit loss	18,557	16,282	36,821	31,647
Non-interest expenses:
Salaries and benefits	6,726	4,953	12,809	9,983
General and administrative	4,019	2,383	7,643	4,722
Premises and equipment	1,022	1,006	1,951	1,724
Noninterest expense	11,767	8,342	22,403	16,429
Income before income taxes	6,790	7,940	14,418	15,218
Income tax provision (note 9)	1,847	2,196	3,909	4,184
Net income	4,943	5,744	10,509	11,034
Other comprehensive income:
Items that may subsequently be reclassified to net income: Foreign exchange gain on translation of foreign operations	26	(3)	43	(3)
Comprehensive income	$ 4,969	$ 5,741	$ 10,552	$ 11,031
Basic and diluted income per common share (note 10) (in CAD per share)	$ 0.17	$ 0.25	$ 0.36	$ 0.47
Weighted average number of common shares outstanding (in shares)	27,441,082	21,123,559	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					$ 15,690	$ 145	$ 73,194	$ 0
Statement Line Items [Line Items]
Redemption of preferred shares (note 8)					(15,690)
Fair value of stock-based compensation (note 8)						0
preferred shares (note 8)							(1,123)
Net income (loss)	$ 11,034						11,034
Dividends paid on common and preferred shares							(2,140)
Other comprehensive income (loss)								(3)
Balance at Apr. 30, 2021	247,366	$ 166,404	$ 152,612	$ 13,647	0	145	80,965	(3)
Balance at Jan. 31, 2021					15,690	145	77,414	0
Statement Line Items [Line Items]
Redemption of preferred shares (note 8)					(15,690)
Fair value of stock-based compensation (note 8)						0
preferred shares (note 8)							(1,123)
Net income (loss)	5,744						5,744
Dividends paid on common and preferred shares							(1,070)
Other comprehensive income (loss)								(3)
Balance at Apr. 30, 2021	247,366	166,404	152,612	13,647	0	145	80,965	(3)
Balance at Oct. 31, 2021	332,106				0	145	90,644	0
Statement Line Items [Line Items]
Redemption of preferred shares (note 8)					0
Fair value of stock-based compensation (note 8)						620
preferred shares (note 8)							0
Net income (loss)	10,509						10,509
Dividends paid on common and preferred shares							(1,868)
Other comprehensive income (loss)								43
Balance at Apr. 30, 2022	341,414	242,086	227,674	13,647	0	765	99,285	43
Balance at Jan. 31, 2022					0	341	95,276	17
Statement Line Items [Line Items]
Redemption of preferred shares (note 8)					0
Fair value of stock-based compensation (note 8)						424
preferred shares (note 8)							0
Net income (loss)	4,943						4,943
Dividends paid on common and preferred shares							(934)
Other comprehensive income (loss)								26
Balance at Apr. 30, 2022	$ 341,414	$ 242,086	$ 227,674	$ 13,647	$ 0	$ 765	$ 99,285	$ 43

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - CAD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Cash provided by (used in):
Net income (loss)	$ 10,509	$ 11,034
Adjustments to determine net cash flows:
Provision for (recovery of) credit losses	80	(139)
Stock-based compensation	620	0
Income tax provision	3,909	4,184
Interest income	(50,568)	(43,164)
Interest expense	16,441	13,695
Amortization	973	821
Foreign exchange rate changes on debt	3,060	0
Foreign exchange rate changes on cash	(1,172)
Interest received	47,681	41,372
Interest paid	(19,329)	(19,402)
Income taxes paid	(4,182)	(539)
Loans	(344,431)	(172,895)
Deposits	274,708	117,312
Change in other assets and liabilities	(10,326)	10,790
Net cash flows from (used in) operating activities	(72,027)	(36,931)
Acquisition of DBG, net of cash acquired	0	(7,473)
Purchase of investment (note 5)	0	(953)
Purchase of property and equipment	(195)	(67)
Net cash flows from (used in) investing activities	(195)	(8,493)
Financing:
Issuance of subordinated notes payable, net of issue costs (note 6)	0	89,498
Redemption of preferred shares (note 8)	0	(16,813)
Repayment of loan assumed from DBG	0	(1,410)
Redemption of securitization liability	0	(8,631)
Dividends paid	(1,868)	(2,140)
Repayment of lease obligations	(448)	(296)
Net cash flows from (used in) financing activities	(2,316)	60,208
Change in cash	(74,538)	14,784
Effect of exchange rate changes on cash	1,172	0
Cash, beginning of the period	271,523	257,644
Cash, end of the period	$ 198,157	$ 272,428

Note 1 - Reporting Entity

Note 1 - Reporting Entity	6 Months Ended
	Apr. 30, 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) and is regulated by the Office of the Superintendent of Financial Institutions (“OSFI”). The Bank, whose shares trade on the Toronto Stock Exchange and NASDAQ Stock Exchange, provides commercial lending and banking services to select niche markets in Canada and the United States as well as cybersecurity services through the operations of its wholly owned subsidiary DRT Cyber Inc. The Bank’s management has established two 16. 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	6 Months Ended
	Apr. 30, 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 six April 30, 2022 2021 May 30, 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 remain somewhat dynamic and are influenced by a number of factors, including, but not 19. 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	6 Months Ended
	Apr. 30, 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 ended January 31, 2022, 8 Segment Reporting two 16.

Note 4 - Loans

Note 4 - Loans	6 Months Ended
	Apr. 30, 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 Point-of-Sale Loans and Leases ( POS Financing ) The Commercial Real Estate Mortgages ( CRE Mortgages ) The Commercial Real Estate Loans ( CRE Loans ) The Public Sector and Other Financing ( PSOF ) a) Summary of loans and allowance for credit losses: (thousands of Canadian dollars) April 30 October 31 April 30 2022 2021 2021 Point-of-sale loans and leases $ 1,610,336 $ 1,279,576 $ 1,067,135 Commercial real estate mortgages 782,274 757,576 686,909 Commercial real estate loans 14,065 26,569 34,897 Public sector and other financing 35,529 32,587 35,362 2,442,204 2,096,308 1,824,303 Allowance for credit losses (1,533 ) (1,453 ) (1,636 ) Accrued interest 9,605 8,195 7,109 Total loans, net of allowance for credit losses $ 2,450,276 $ 2,103,050 $ 1,829,776 The following table provides a summary of loan amounts, expected credit loss allowance amounts, and expected loss rates by lending asset category: As at April 30, 2022 As at October 31, 2021 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases $ 1,607,427 $ 2,909 $ - $ 1,610,336 $ 1,277,011 $ 2,565 $ - $ 1,279,576 ECL allowance 419 - - 419 275 - - 275 EL % 0.03 % 0.00 % 0.00 % 0.03 % 0.02 % 0.00 % 0.00 % 0.02 % Commercial real estate mortgages $ 730,015 $ 52,259 $ - $ 782,274 $ 694,869 $ 62,707 $ - $ 757,576 ECL allowance 948 101 - 1,049 980 134 - 1,114 EL % 0.13 % 0.19 % 0.00 % 0.13 % 0.14 % 0.21 % 0.00 % 0.15 % Commercial real estate loans $ 14,065 $ - $ - $ 14,065 $ 26,569 $ - $ - $ 26,569 ECL allowance 40 - - 40 45 - - 45 EL % 0.28 % 0.00 % 0.00 % 0.28 % 0.17 % 0.00 % 0.00 % 0.17 % Public sector and other financing $ 35,343 $ 186 $ - $ 35,529 $ 32,507 $ 80 $ - $ 32,587 ECL allowance 24 1 - 25 16 3 - 19 EL % 0.07 % 0.54 % 0.00 % 0.07 % 0.05 % 3.75 % 0.00 % 0.06 % Total Loans $ 2,386,850 $ 55,354 $ - $ 2,442,204 $ 2,030,956 $ 65,352 $ - $ 2,096,308 Total ECL allowance 1,431 102 - 1,533 1,316 137 - 1,453 Total EL % 0.06 % 0.18 % 0.00 % 0.06 % 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 as well as changes in Canadian macroeconomic trends attributable to changes in monetary policy, inflation, employment rates, consumer behaviour and public health advice related to the continued management of the impact of new variants 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 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 intensity of the -crisis in Ukraine and the scope of the impact of same on commodity markets and supply chains, the magnitude of the Bank of Canada’s (“BoC”) anticipated, continued rate increases, the effectiveness of monetary policy in containing and subsequently moderating inflation, the resiliency of consumer spending and the strength of household balance sheets in a rising rate environment, the dynamics and trajectory of the labour market and the potentiality of the emergence of new variants of COVID- 19 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%, April 30, 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 April 30, 2022: (thousands of Canadian dollars) Reported 100 % 100 % 100 % ECL Upside Baseline Downside Allowance for expected credit losses $ 1,533 $ 925 $ 1,149 $ 1,549 Variance from reported ECL (608 ) (384 ) 16 Variance from reported ECL (%) (40% ) (25% ) 1 % The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three April 30, 2022: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 370 $ - $ - $ 370 Transfer in (out) to Stage 1 14 (14 ) - - Transfer in (out) to Stage 2 (27 ) 27 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 62 (13 ) - 49 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 49 - - 49 Write-offs - - - - Recoveries - - - - Balance at end of period $ 419 $ - $ - $ 419 Commercial real estate mortgages Balance at beginning of period $ 949 $ 96 $ - $ 1,045 Transfer in (out) to Stage 1 8 (8 ) - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (69 ) 13 - (56 ) Loan originations 80 - - 80 Derecognitions and maturities (20 ) - - (20 ) Provision for (recovery of) credit losses (1 ) 5 - 4 Write-offs - - - - Recoveries - - - - Balance at end of period $ 948 $ 101 $ - $ 1,049 Commercial real estate loans Balance at beginning of period $ 36 $ - $ - $ 36 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 4 - - 4 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 4 - - 4 Write-offs - - - - Recoveries - - - - Balance at end of period $ 40 $ - $ - $ 40 Public sector and other financing Balance at beginning of period $ 4 $ - $ - $ 4 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 20 1 - 21 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 20 1 - 21 Write-offs - - - - Recoveries - - - - Balance at end of period $ 24 $ 1 $ - $ 25 Total balance at end of period $ 1,431 $ 102 $ - $ 1,533 The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three April 30, 2021: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 207 $ - $ - $ 207 Transfer in (out) to Stage 1 21 (21 ) - - Transfer in (out) to Stage 2 (46 ) 46 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 56 (25 ) - 31 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 31 - - 31 Write-offs - - - - Recoveries - - - - Balance at end of period $ 238 $ - $ - $ 238 Commercial real estate mortgages Balance at beginning of period $ 1,346 $ 167 $ - $ 1,513 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (56 ) 56 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (256 ) 36 - (220 ) Loan originations 78 - - 78 Derecognitions and maturities (33 ) (30 ) - (63 ) Provision for (recovery of) credit losses (267 ) 62 - (205 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,079 $ 229 $ - $ 1,308 Commercial real estate loans Balance at beginning of period $ 72 $ - $ - $ 72 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (23 ) - - (23 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (23 ) - - (23 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 49 $ - $ - $ 49 Public sector and other financing Balance at beginning of period $ 40 $ - $ - $ 40 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 2 - - 2 Loan originations - - - - Derecognitions and maturities (1 ) - (116 ) (117 ) Provision for (recovery of) credit losses 1 - (116 ) (115 ) Write-offs - - - - Recoveries - - 116 116 Balance at end of period $ 41 $ - $ - $ 41 Total balance at end of period $ 1,407 $ 229 $ - $ 1,636 The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the six April 30, 2022: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 275 $ - $ - $ 275 Transfer in (out) to Stage 1 52 (52 ) - - Transfer in (out) to Stage 2 (85 ) 85 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 177 (33 ) - 144 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 144 - - 144 Write-offs - - - - Recoveries - - - - Balance at end of period $ 419 $ - $ - $ 419 Commercial real estate mortgages Balance at beginning of period $ 980 $ 134 $ - $ 1,114 Transfer in (out) to Stage 1 22 (22 ) - - Transfer in (out) to Stage 2 (4 ) 4 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (97 ) (11 ) - (108 ) Loan originations 160 - - 160 Derecognitions and maturities (113 ) (4 ) - (117 ) Provision for (recovery of) credit losses (32 ) (33 ) - (65 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 948 $ 101 $ - $ 1,049 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 (5 ) - - (5 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (5 ) - - (5 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 40 $ - $ - $ 40 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 9 (2 ) - 7 Loan originations - - - - Derecognitions and maturities (1 ) - - (1 ) Provision for (recovery of) credit losses 8 (2 ) - 6 Write-offs - - - - Recoveries - - - - Balance at end of period $ 24 $ 1 $ - $ 25 Total balance at end of period $ 1,431 $ 102 $ - $ 1,533 The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the six April 30, 2021: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 215 $ - $ - $ 215 Transfer in (out) to Stage 1 41 (41 ) - - Transfer in (out) to Stage 2 (90 ) 90 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 72 (49 ) - 23 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 23 - - 23 Write-offs - - - - Recoveries - - - - Balance at end of period $ 238 $ - $ - $ 238 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 (58 ) 58 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (189 ) 46 - (143 ) Loan originations 224 - - 224 Derecognitions and maturities (72 ) (67 ) - (139 ) Provision for (recovery of) credit losses (95 ) 37 - (58 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,079 $ 229 $ - $ 1,308 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 (88 ) - - (88 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (88 ) - - (88 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 49 $ - $ - $ 49 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 (15 ) - - (15 ) Loan originations - - - - Derecognitions and maturities (1 ) - (116 ) (117 ) Provision for (recovery of) credit losses (16 ) - (116 ) (132 ) Write-offs - - - - Recoveries - - 116 116 Balance at end of period $ 41 $ - $ - $ 41 Total balance at end of period $ 1,407 $ 229 $ - $ 1,636 b) Impaired loans: At April 30, 2022, $nil October 31, 2021 - $nil

Note 5 - Other Assets

Note 5 - Other Assets	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of other assets [text block]	5. Other assets: (thousands of Canadian dollars) April 30 October 31 April 30 2022 2021 2021 Accounts receivable $ 3,750 $ 2,643 $ 1,044 Prepaid expenses and other 16,186 12,699 10,431 Property and equipment 6,872 7,075 7,462 Right-of-use assets 4,470 4,817 5,164 Deferred income tax asset 2,315 2,931 2,941 Investment 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets 3,413 3,641 3,804 $ 43,713 $ 40,513 $ 37,553

Note 6 - Subordinated Notes Pay

Note 6 - Subordinated Notes Payable	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of borrowings [text block]	6. Subordinated notes payable: (thousands of Canadian dollars) April 30 October 31 April 30 2022 2021 2021 Ten 5.0 500,000 10.41 March 2029 $ 4,903 $ 4,898 $ 4,894 Ten 75.0 5.38 May 2031 93,507 90,374 89,498 $ 98,410 $ 95,272 $ 94,392

Note 7 - Other Liabilities

Note 7 - Other Liabilities	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of other liabilities [text block]	7. Other liabilities: (thousands of Canadian dollars) April 30 October 31 April 30 2022 2021 2021 Accounts payable and other $ 5,849 $ 6,893 $ 5,506 Current income tax liability 2,126 2,949 1,449 Deferred income tax liability 812 898 862 Lease obligations 4,665 5,113 5,438 Cash collateral and amounts held in escrow 5,833 7,887 3,261 Cash reserves on loan and lease receivables 108,121 110,764 102,210 $ 127,406 $ 134,504 $ 118,726

Note 8 - Share Capital

Note 8 - Share Capital	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of classes of share capital [text block]	8. Share capital: a) Common shares: At April 30, 2022, October 31, 2021 – b) Preferred shares: At April 30, 2022, October 31, 2021 – 1 1 13 On April 30, 2021, 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 April 30, 2022, October 31, 2021 – Stock option transactions during the three six April 30, 2022 2021: for the three months ended for the six months ended April 30, 2022 April 30, 2021 April 30, 2022 April 30, 2021 Weighted Weighted Weighted Weighted Number of average Number of average Number of average Number of average options exercise price options exercise price options exercise price options exercise price Outstanding, beginning of period 953,730 $ 15.53 42,017 $ 10.73 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 $ 10.73 953,730 $ 15.53 42,017 $ 10.73 For the three six April 30, 2022, April 30, 2021 - $nil April 30, 2021 - $nil January 31, 2022, As at April 30, 2022, October 2023.

Note 9 - Income Tax Provision

Note 9 - Income Tax Provision	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of income tax [text block]	9. Income tax provision: Income tax provision for the three six April 30, 2022 April 30, 2021 - April 30, 2021 - 2021 not

Note 10 - Income Per Common Sha

Note 10 - Income Per Common Share	6 Months Ended
	Apr. 30, 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 for the six months ended April 30 April 30 April 30 April 30 2022 2021 2022 2021 Net income $ 4,943 $ 5,744 $ 10,509 $ 11,034 Less: dividends on preferred shares (247 ) (542 ) (494 ) (1,084 ) 4,696 5,202 10,015 9,950 Weighted average number of common shares outstanding 27,441,082 21,123,559 27,441,082 21,123,559 Income per common share: $ 0.17 $ 0.25 $ 0.36 $ 0.47 Common shares associated with the Series 1

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	6 Months Ended
	Apr. 30, 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) April 30 October 31 April 30 2022 2021 2021 Loan commitments $ 312,125 $ 296,248 $ 258,846 Letters of credit 54,655 46,462 50,917 $ 366,780 $ 342,710 $ 309,763

Note 12 - Related Party Transac

Note 12 - Related Party Transactions	6 Months Ended
	Apr. 30, 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 April 30, 2022, October 31, 2021 - October 31, 2021 - three six April 30, 2022, April 30, 2021 - April 30, 2021 – October 31, 2021 - $nil April 30, 2022. March 2019, 6

Note 13 - Capital Management

Note 13 - Capital Management	6 Months Ended
	Apr. 30, 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 in order 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. Our objectives with respect to regulatory capital are to maintain adequate capital levels 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 April 30, 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) April 30 October 31 2022 2021 "Transitional" & "All in" "All in" Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 228,439 $ 227,819 Retained earnings 99,285 90,644 Accumulated other comprehensive income 43 (4 ) CET1 before regulatory adjustments 327,767 318,459 Regulatory adjustments applied to CET1 (11,804 ) (12,751 ) Common Equity Tier 1 capital $ 315,963 $ 305,708 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 329,610 $ 319,355 Tier 2 capital Directly issued Tier 2 capital instruments $ 100,940 $ 97,910 Tier 2 capital before regulatory adjustments 100,940 97,910 Eligible stage 1 and stage 2 allowance 1,533 1,453 Total Tier 2 capital $ 102,473 $ 99,363 Total regulatory capital $ 432,083 $ 418,718 Total risk-weighted assets $ 2,313,030 $ 2,013,544 Capital ratios CET1 capital ratio 13.66 % 15.18 % Tier 1 capital ratio 14.25 % 15.86 % Total capital ratio 18.68 % 20.80 % As at April 30, 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) April 30 October 31 2022 2021 "Transitional" & "All in" "All in" On-balance sheet assets $ 2,692,146 $ 2,415,086 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,804 ) (12,751 ) Total on-balance sheet exposures 2,680,342 2,402,335 Total off-balance sheet exposure at gross notional amount $ 366,780 $ 342,710 Adjustments for conversion to credit equivalent amount (212,907 ) (210,065 ) Total off-balance sheet exposures 153,873 132,645 Tier 1 capital 329,610 319,355 Total exposures 2,834,215 2,534,980 Leverage ratio 11.63 % 12.60 % As at April 30, 2022 October 31, 2021,

Note 14 - Interest Rate Risk Po

Note 14 - Interest Rate Risk Position	6 Months Ended
	Apr. 30, 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) April 30, 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 $ 5,927 $ (6,292 ) $ 4,147 $ (3,220 ) Impact on reported equity during a 60 month period $ 2,936 $ (3,008 ) $ 1,603 $ (1,586 ) Duration difference between assets and liabilities (months) 3.1 2.3

Note 15 - Fair Value of Financi

Note 15 - Fair Value of Financial Instruments	6 Months Ended
	Apr. 30, 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 April 30, 2022 October 31, 2021 Book Fair Book Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash and cash equivalents $ 198,157 $ 198,157 $ 271,523 $ 271,523 Loans 2,450,276 2,485,663 2,103,050 2,118,636 Other financial assets 3,750 3,750 3,596 3,596 Liabilities Deposits $ 2,124,916 $ 2,011,585 $ 1,853,204 $ 1,860,332 Subordinated notes payable 98,410 100,940 95,272 97,910 Other financial liabilities 124,468 124,468 130,657 130,657

Note 16 - Operating Segmentatio

Note 16 - Operating Segmentation	6 Months Ended
	Apr. 30, 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 Digital Banking and DRTC (cybersecurity services). The two two Digital Banking DRTC (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. Following is information regarding the results of each reportable operating segment as at and three six April 30, 2022 2021: (thousands of Canadian dollars) for the three months ended April 30, 2022 April 30, 2021 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 17,242 $ - $ - $ 17,242 $ 15,095 $ - $ - $ 15,095 Non-interest income 1 1,434 (42 ) 1,393 1 915 (41 ) 875 Total revenue 17,243 1,434 (42 ) 18,635 15,096 915 (41 ) 15,970 Provision for (recovery of) credit losses 78 - - 78 (312 ) - - (312 ) 17,165 1,434 (42 ) 18,557 15,408 915 (41 ) 16,282 Non-interest expenses: Salaries and benefits 5,586 1,140 - 6,726 4,525 428 - 4,953 General and administrative 3,761 300 (42 ) 4,019 2,237 187 (41 ) 2,383 Premises and equipment 659 363 - 1,022 598 408 - 1,006 10,006 1,803 (42 ) 11,767 7,360 1,023 (41 ) 8,342 Income (loss) before income taxes 7,159 (369 ) - 6,790 8,048 (108 ) - 7,940 Income tax provision 1,744 103 - 1,847 2,153 43 - 2,196 Net income (loss) $ 5,415 $ (472 ) $ - $ 4,943 $ 5,895 $ (151 ) $ - $ 5,744 Total assets $ 2,692,510 $ 21,386 $ (21,750 ) $ 2,692,146 $ 2,139,974 $ 17,777 $ (17,994 ) $ 2,139,757 Total liabilities $ 2,347,610 $ 23,727 $ (20,605 ) $ 2,350,732 $ 1,888,732 $ 20,508 $ (16,849 ) $ 1,892,391 (thousands of Canadian dollars) for the six months ended April 30, 2022 April 30, 2021 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 34,127 $ - $ - $ 34,127 $ 29,469 $ - $ - $ 29,469 Non-interest income 2 2,855 (83 ) 2,774 (16 ) 2,008 (69 ) 1,923 Total revenue 34,129 2,855 (83 ) 36,901 29,453 2,008 (69 ) 31,392 Provision for (recovery of) credit losses 80 - - 80 (255 ) - - (255 ) 34,049 2,855 (83 ) 36,821 29,708 2,008 (69 ) 31,647 Non-interest expenses: Salaries and benefits 11,025 1,784 - 12,809 9,223 760 - 9,983 General and administrative 7,243 483 (83 ) 7,643 4,299 492 (69 ) 4,722 Premises and equipment 1,241 710 - 1,951 1,168 556 - 1,724 19,509 2,977 (83 ) 22,403 14,690 1,808 (69 ) 16,429 Income (loss) before income taxes 14,540 (122 ) - 14,418 15,018 200 - 15,218 Income tax provision 3,706 203 - 3,909 4,006 178 - 4,184 Net income (loss) $ 10,834 $ (325 ) $ - $ 10,509 $ 11,012 $ 22 $ - $ 11,034 Total assets $ 2,692,510 $ 21,386 $ (21,750 ) $ 2,692,146 $ 2,139,974 $ 17,777 $ (17,994 ) $ 2,139,757 Total liabilities $ 2,347,610 $ 23,727 $ (20,605 ) $ 2,350,732 $ 1,888,732 $ 20,508 $ (16,849 ) $ 1,892,391 While the Bank has operations in the US, primarily through its DRTC operations, as at April 30, 2022

Note 17 - Comparative Balances

Note 17 - Comparative Balances	6 Months Ended
	Apr. 30, 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)	6 Months Ended
	Apr. 30, 2022
Discloure of Significant Accounting Policies
Description of accounting policy for segment reporting [text block]	Segment reporting: Effective the quarter ended January 31, 2022, 8 Segment Reporting two 16.

Note 4 - Loans (Tables)

Note 4 - Loans (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Discosure of loans, net [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 2022 2021 2021 Point-of-sale loans and leases $ 1,610,336 $ 1,279,576 $ 1,067,135 Commercial real estate mortgages 782,274 757,576 686,909 Commercial real estate loans 14,065 26,569 34,897 Public sector and other financing 35,529 32,587 35,362 2,442,204 2,096,308 1,824,303 Allowance for credit losses (1,533 ) (1,453 ) (1,636 ) Accrued interest 9,605 8,195 7,109 Total loans, net of allowance for credit losses $ 2,450,276 $ 2,103,050 $ 1,829,776
Disclosure of loans by lending asset category [text block]	As at April 30, 2022 As at October 31, 2021 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases $ 1,607,427 $ 2,909 $ - $ 1,610,336 $ 1,277,011 $ 2,565 $ - $ 1,279,576 ECL allowance 419 - - 419 275 - - 275 EL % 0.03 % 0.00 % 0.00 % 0.03 % 0.02 % 0.00 % 0.00 % 0.02 % Commercial real estate mortgages $ 730,015 $ 52,259 $ - $ 782,274 $ 694,869 $ 62,707 $ - $ 757,576 ECL allowance 948 101 - 1,049 980 134 - 1,114 EL % 0.13 % 0.19 % 0.00 % 0.13 % 0.14 % 0.21 % 0.00 % 0.15 % Commercial real estate loans $ 14,065 $ - $ - $ 14,065 $ 26,569 $ - $ - $ 26,569 ECL allowance 40 - - 40 45 - - 45 EL % 0.28 % 0.00 % 0.00 % 0.28 % 0.17 % 0.00 % 0.00 % 0.17 % Public sector and other financing $ 35,343 $ 186 $ - $ 35,529 $ 32,507 $ 80 $ - $ 32,587 ECL allowance 24 1 - 25 16 3 - 19 EL % 0.07 % 0.54 % 0.00 % 0.07 % 0.05 % 3.75 % 0.00 % 0.06 % Total Loans $ 2,386,850 $ 55,354 $ - $ 2,442,204 $ 2,030,956 $ 65,352 $ - $ 2,096,308 Total ECL allowance 1,431 102 - 1,533 1,316 137 - 1,453 Total EL % 0.06 % 0.18 % 0.00 % 0.06 % 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 $ 1,533 $ 925 $ 1,149 $ 1,549 Variance from reported ECL (608 ) (384 ) 16 Variance from reported ECL (%) (40% ) (25% ) 1 %
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 Point-of-sale loans and leases Balance at beginning of period $ 370 $ - $ - $ 370 Transfer in (out) to Stage 1 14 (14 ) - - Transfer in (out) to Stage 2 (27 ) 27 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 62 (13 ) - 49 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 49 - - 49 Write-offs - - - - Recoveries - - - - Balance at end of period $ 419 $ - $ - $ 419 Commercial real estate mortgages Balance at beginning of period $ 949 $ 96 $ - $ 1,045 Transfer in (out) to Stage 1 8 (8 ) - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (69 ) 13 - (56 ) Loan originations 80 - - 80 Derecognitions and maturities (20 ) - - (20 ) Provision for (recovery of) credit losses (1 ) 5 - 4 Write-offs - - - - Recoveries - - - - Balance at end of period $ 948 $ 101 $ - $ 1,049 Commercial real estate loans Balance at beginning of period $ 36 $ - $ - $ 36 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 4 - - 4 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 4 - - 4 Write-offs - - - - Recoveries - - - - Balance at end of period $ 40 $ - $ - $ 40 Public sector and other financing Balance at beginning of period $ 4 $ - $ - $ 4 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 20 1 - 21 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 20 1 - 21 Write-offs - - - - Recoveries - - - - Balance at end of period $ 24 $ 1 $ - $ 25 Total balance at end of period $ 1,431 $ 102 $ - $ 1,533 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 207 $ - $ - $ 207 Transfer in (out) to Stage 1 21 (21 ) - - Transfer in (out) to Stage 2 (46 ) 46 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 56 (25 ) - 31 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 31 - - 31 Write-offs - - - - Recoveries - - - - Balance at end of period $ 238 $ - $ - $ 238 Commercial real estate mortgages Balance at beginning of period $ 1,346 $ 167 $ - $ 1,513 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (56 ) 56 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (256 ) 36 - (220 ) Loan originations 78 - - 78 Derecognitions and maturities (33 ) (30 ) - (63 ) Provision for (recovery of) credit losses (267 ) 62 - (205 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,079 $ 229 $ - $ 1,308 Commercial real estate loans Balance at beginning of period $ 72 $ - $ - $ 72 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (23 ) - - (23 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (23 ) - - (23 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 49 $ - $ - $ 49 Public sector and other financing Balance at beginning of period $ 40 $ - $ - $ 40 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 2 - - 2 Loan originations - - - - Derecognitions and maturities (1 ) - (116 ) (117 ) Provision for (recovery of) credit losses 1 - (116 ) (115 ) Write-offs - - - - Recoveries - - 116 116 Balance at end of period $ 41 $ - $ - $ 41 Total balance at end of period $ 1,407 $ 229 $ - $ 1,636 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 275 $ - $ - $ 275 Transfer in (out) to Stage 1 52 (52 ) - - Transfer in (out) to Stage 2 (85 ) 85 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 177 (33 ) - 144 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 144 - - 144 Write-offs - - - - Recoveries - - - - Balance at end of period $ 419 $ - $ - $ 419 Commercial real estate mortgages Balance at beginning of period $ 980 $ 134 $ - $ 1,114 Transfer in (out) to Stage 1 22 (22 ) - - Transfer in (out) to Stage 2 (4 ) 4 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (97 ) (11 ) - (108 ) Loan originations 160 - - 160 Derecognitions and maturities (113 ) (4 ) - (117 ) Provision for (recovery of) credit losses (32 ) (33 ) - (65 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 948 $ 101 $ - $ 1,049 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 (5 ) - - (5 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (5 ) - - (5 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 40 $ - $ - $ 40 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 9 (2 ) - 7 Loan originations - - - - Derecognitions and maturities (1 ) - - (1 ) Provision for (recovery of) credit losses 8 (2 ) - 6 Write-offs - - - - Recoveries - - - - Balance at end of period $ 24 $ 1 $ - $ 25 Total balance at end of period $ 1,431 $ 102 $ - $ 1,533 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 215 $ - $ - $ 215 Transfer in (out) to Stage 1 41 (41 ) - - Transfer in (out) to Stage 2 (90 ) 90 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 72 (49 ) - 23 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 23 - - 23 Write-offs - - - - Recoveries - - - - Balance at end of period $ 238 $ - $ - $ 238 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 (58 ) 58 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (189 ) 46 - (143 ) Loan originations 224 - - 224 Derecognitions and maturities (72 ) (67 ) - (139 ) Provision for (recovery of) credit losses (95 ) 37 - (58 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,079 $ 229 $ - $ 1,308 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 (88 ) - - (88 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (88 ) - - (88 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 49 $ - $ - $ 49 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 (15 ) - - (15 ) Loan originations - - - - Derecognitions and maturities (1 ) - (116 ) (117 ) Provision for (recovery of) credit losses (16 ) - (116 ) (132 ) Write-offs - - - - Recoveries - - 116 116 Balance at end of period $ 41 $ - $ - $ 41 Total balance at end of period $ 1,407 $ 229 $ - $ 1,636

Note 5 - Other Assets (Tables)

Note 5 - Other Assets (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of detailed information about other assets [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 2022 2021 2021 Accounts receivable $ 3,750 $ 2,643 $ 1,044 Prepaid expenses and other 16,186 12,699 10,431 Property and equipment 6,872 7,075 7,462 Right-of-use assets 4,470 4,817 5,164 Deferred income tax asset 2,315 2,931 2,941 Investment 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets 3,413 3,641 3,804 $ 43,713 $ 40,513 $ 37,553

Note 6 - Subordinated Notes P_2

Note 6 - Subordinated Notes Payable (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of detailed information about borrowings [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 2022 2021 2021 Ten 5.0 500,000 10.41 March 2029 $ 4,903 $ 4,898 $ 4,894 Ten 75.0 5.38 May 2031 93,507 90,374 89,498 $ 98,410 $ 95,272 $ 94,392

Note 7 - Other Liabilities (Tab

Note 7 - Other Liabilities (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of detailed information about other liabilities [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 2022 2021 2021 Accounts payable and other $ 5,849 $ 6,893 $ 5,506 Current income tax liability 2,126 2,949 1,449 Deferred income tax liability 812 898 862 Lease obligations 4,665 5,113 5,438 Cash collateral and amounts held in escrow 5,833 7,887 3,261 Cash reserves on loan and lease receivables 108,121 110,764 102,210 $ 127,406 $ 134,504 $ 118,726

Note 8 - Share Capital (Tables)

Note 8 - Share Capital (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of number and weighted average exercise prices of share options [text block]	for the three months ended for the six months ended April 30, 2022 April 30, 2021 April 30, 2022 April 30, 2021 Weighted Weighted Weighted Weighted Number of average Number of average Number of average Number of average options exercise price options exercise price options exercise price options exercise price Outstanding, beginning of period 953,730 $ 15.53 42,017 $ 10.73 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 $ 10.73 953,730 $ 15.53 42,017 $ 10.73

Note 10 - Income Per Common S_2

Note 10 - Income Per Common Share (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Earnings per share [text block]	(thousands of Canadian dollars) for the three months ended for the six months ended April 30 April 30 April 30 April 30 2022 2021 2022 2021 Net income $ 4,943 $ 5,744 $ 10,509 $ 11,034 Less: dividends on preferred shares (247 ) (542 ) (494 ) (1,084 ) 4,696 5,202 10,015 9,950 Weighted average number of common shares outstanding 27,441,082 21,123,559 27,441,082 21,123,559 Income per common share: $ 0.17 $ 0.25 $ 0.36 $ 0.47

Note 11 - Commitments and Con_2

Note 11 - Commitments and Contingencies (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of commitments [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 2022 2021 2021 Loan commitments $ 312,125 $ 296,248 $ 258,846 Letters of credit 54,655 46,462 50,917 $ 366,780 $ 342,710 $ 309,763

Note 13 - Capital Management (T

Note 13 - Capital Management (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of regulatory capital and capital ratios [text block]	(thousands of Canadian dollars) April 30 October 31 2022 2021 "Transitional" & "All in" "All in" Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 228,439 $ 227,819 Retained earnings 99,285 90,644 Accumulated other comprehensive income 43 (4 ) CET1 before regulatory adjustments 327,767 318,459 Regulatory adjustments applied to CET1 (11,804 ) (12,751 ) Common Equity Tier 1 capital $ 315,963 $ 305,708 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 329,610 $ 319,355 Tier 2 capital Directly issued Tier 2 capital instruments $ 100,940 $ 97,910 Tier 2 capital before regulatory adjustments 100,940 97,910 Eligible stage 1 and stage 2 allowance 1,533 1,453 Total Tier 2 capital $ 102,473 $ 99,363 Total regulatory capital $ 432,083 $ 418,718 Total risk-weighted assets $ 2,313,030 $ 2,013,544 Capital ratios CET1 capital ratio 13.66 % 15.18 % Tier 1 capital ratio 14.25 % 15.86 % Total capital ratio 18.68 % 20.80 % (thousands of Canadian dollars) April 30 October 31 2022 2021 "Transitional" & "All in" "All in" On-balance sheet assets $ 2,692,146 $ 2,415,086 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,804 ) (12,751 ) Total on-balance sheet exposures 2,680,342 2,402,335 Total off-balance sheet exposure at gross notional amount $ 366,780 $ 342,710 Adjustments for conversion to credit equivalent amount (212,907 ) (210,065 ) Total off-balance sheet exposures 153,873 132,645 Tier 1 capital 329,610 319,355 Total exposures 2,834,215 2,534,980 Leverage ratio 11.63 % 12.60 %

Note 14 - Interest Rate Risk _2

Note 14 - Interest Rate Risk Position (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk [text block]	(thousands of Canadian dollars) April 30, 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 $ 5,927 $ (6,292 ) $ 4,147 $ (3,220 ) Impact on reported equity during a 60 month period $ 2,936 $ (3,008 ) $ 1,603 $ (1,586 ) Duration difference between assets and liabilities (months) 3.1 2.3

Note 15 - Fair Value of Finan_2

Note 15 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of detailed information about financial instruments [text block]	(thousands of Canadian dollars) As at April 30, 2022 October 31, 2021 Book Fair Book Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash and cash equivalents $ 198,157 $ 198,157 $ 271,523 $ 271,523 Loans 2,450,276 2,485,663 2,103,050 2,118,636 Other financial assets 3,750 3,750 3,596 3,596 Liabilities Deposits $ 2,124,916 $ 2,011,585 $ 1,853,204 $ 1,860,332 Subordinated notes payable 98,410 100,940 95,272 97,910 Other financial liabilities 124,468 124,468 130,657 130,657

Note 16 - Operating Segmentat_2

Note 16 - Operating Segmentation (Tables)	6 Months Ended
	Apr. 30, 2022
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	(thousands of Canadian dollars) for the three months ended April 30, 2022 April 30, 2021 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 17,242 $ - $ - $ 17,242 $ 15,095 $ - $ - $ 15,095 Non-interest income 1 1,434 (42 ) 1,393 1 915 (41 ) 875 Total revenue 17,243 1,434 (42 ) 18,635 15,096 915 (41 ) 15,970 Provision for (recovery of) credit losses 78 - - 78 (312 ) - - (312 ) 17,165 1,434 (42 ) 18,557 15,408 915 (41 ) 16,282 Non-interest expenses: Salaries and benefits 5,586 1,140 - 6,726 4,525 428 - 4,953 General and administrative 3,761 300 (42 ) 4,019 2,237 187 (41 ) 2,383 Premises and equipment 659 363 - 1,022 598 408 - 1,006 10,006 1,803 (42 ) 11,767 7,360 1,023 (41 ) 8,342 Income (loss) before income taxes 7,159 (369 ) - 6,790 8,048 (108 ) - 7,940 Income tax provision 1,744 103 - 1,847 2,153 43 - 2,196 Net income (loss) $ 5,415 $ (472 ) $ - $ 4,943 $ 5,895 $ (151 ) $ - $ 5,744 Total assets $ 2,692,510 $ 21,386 $ (21,750 ) $ 2,692,146 $ 2,139,974 $ 17,777 $ (17,994 ) $ 2,139,757 Total liabilities $ 2,347,610 $ 23,727 $ (20,605 ) $ 2,350,732 $ 1,888,732 $ 20,508 $ (16,849 ) $ 1,892,391 (thousands of Canadian dollars) for the six months ended April 30, 2022 April 30, 2021 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 34,127 $ - $ - $ 34,127 $ 29,469 $ - $ - $ 29,469 Non-interest income 2 2,855 (83 ) 2,774 (16 ) 2,008 (69 ) 1,923 Total revenue 34,129 2,855 (83 ) 36,901 29,453 2,008 (69 ) 31,392 Provision for (recovery of) credit losses 80 - - 80 (255 ) - - (255 ) 34,049 2,855 (83 ) 36,821 29,708 2,008 (69 ) 31,647 Non-interest expenses: Salaries and benefits 11,025 1,784 - 12,809 9,223 760 - 9,983 General and administrative 7,243 483 (83 ) 7,643 4,299 492 (69 ) 4,722 Premises and equipment 1,241 710 - 1,951 1,168 556 - 1,724 19,509 2,977 (83 ) 22,403 14,690 1,808 (69 ) 16,429 Income (loss) before income taxes 14,540 (122 ) - 14,418 15,018 200 - 15,218 Income tax provision 3,706 203 - 3,909 4,006 178 - 4,184 Net income (loss) $ 10,834 $ (325 ) $ - $ 10,509 $ 11,012 $ 22 $ - $ 11,034 Total assets $ 2,692,510 $ 21,386 $ (21,750 ) $ 2,692,146 $ 2,139,974 $ 17,777 $ (17,994 ) $ 2,139,757 Total liabilities $ 2,347,610 $ 23,727 $ (20,605 ) $ 2,350,732 $ 1,888,732 $ 20,508 $ (16,849 ) $ 1,892,391

Note 4 - Loans (Details Textual

Note 4 - Loans (Details Textual) - Loans [member] - CAD ($) $ in Thousands	Apr. 30, 2022	Oct. 31, 2021	Apr. 30, 2021
Statement Line Items [Line Items]
Total financial assets	$ 2,450,276	$ 2,103,050	$ 1,829,776
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	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020
Statement Line Items [Line Items]
Principal amount	$ 2,442,204		$ 2,096,308	$ 1,824,303
Allowance for credit losses	(1,533)		(1,453)	(1,636)
Accrued interest	9,605		8,195	7,109
Total loans, net of allowance for credit losses	2,450,276		2,103,050	1,829,776
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Principal amount	1,610,336		1,279,576	1,067,135
Allowance for credit losses	(40)	$ (36)	(45)	(49)	$ (72)	$ (137)
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Principal amount	782,274		757,576	686,909
Allowance for credit losses	(419)	(370)	(275)	(238)	(207)	(215)
Commercial real estate loans [member]
Statement Line Items [Line Items]
Principal amount	14,065		26,569	34,897
Allowance for credit losses	(1,049)	(1,045)	(1,114)	(1,308)	(1,513)	(1,366)
Public sector and other financing [member]
Statement Line Items [Line Items]
Principal amount	35,529		32,587	35,362
Allowance for credit losses	$ (25)	$ (4)	$ (19)	$ (41)	$ (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	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020
Statement Line Items [Line Items]
Notional amount	$ 2,442,204		$ 2,096,308	$ 1,824,303
ECL allowance	$ 1,533		$ 1,453	1,636
EL %	0.06%		0.07%
Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 2,386,850		$ 2,030,956
ECL allowance	$ 1,431		$ 1,316	1,407
EL %	0.06%		0.06%
Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 55,354		$ 65,352
ECL allowance	$ 102		$ 137	229
EL %	0.18%		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%
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Notional amount	$ 1,610,336		$ 1,279,576	1,067,135
ECL allowance	$ 40	$ 36	$ 45	49	$ 72	$ 137
EL %	0.28%		0.17%
Point of sale loans and leases [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 1,607,427		$ 1,277,011
ECL allowance	$ 40	36	$ 45	49	72	137
EL %	0.28%		0.17%
Point of sale loans and leases [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 2,909		$ 2,565
ECL allowance	$ 0	0	$ 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	0	0
EL %	0.00%		0.00%
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Notional amount	$ 782,274		$ 757,576	686,909
ECL allowance	$ 419	370	$ 275	238	207	215
EL %	0.03%		0.02%
Commercial real estate mortgages [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 730,015		$ 694,869
ECL allowance	$ 419	370	$ 275	238	207	215
EL %	0.03%		0.02%
Commercial real estate mortgages [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 52,259		$ 62,707
ECL allowance	$ 0	0	$ 0	0	0	0
EL %	0.00%		0.00%
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	0	0
EL %	0.00%		0.00%
Commercial real estate loans [member]
Statement Line Items [Line Items]
Notional amount	$ 14,065		$ 26,569	34,897
ECL allowance	$ 1,049	1,045	$ 1,114	1,308	1,513	1,366
EL %	0.13%		0.15%
Commercial real estate loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 14,065		$ 26,569
ECL allowance	$ 948	949	$ 980	1,079	1,346	1,174
EL %	0.13%		0.14%
Commercial real estate loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 0		$ 0
ECL allowance	$ 101	96	$ 134	229	167	192
EL %	0.19%		0.21%
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	0	0
EL %	0.00%		0.00%
Public sector and other financing [member]
Statement Line Items [Line Items]
Notional amount	$ 35,529		$ 32,587	35,362
ECL allowance	$ 25	4	$ 19	41	40	57
EL %	0.07%		0.06%
Public sector and other financing [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 35,343		$ 32,507
ECL allowance	$ 24	4	$ 16	41	40	57
EL %	0.07%		0.05%
Public sector and other financing [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 186		$ 80
ECL allowance	$ 1	0	$ 3	0	0	0
EL %	0.54%		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	$ 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	Apr. 30, 2022	Oct. 31, 2021	Apr. 30, 2021
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 1,533	$ 1,453	$ 1,636
Upside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	925
Variance from reported ECL	$ (608)
Variance from reported ECL (%)	(40.00%)
Baseline, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 1,149
Variance from reported ECL	$ (384)
Variance from reported ECL (%)	(25.00%)
Downside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 1,549
Variance from reported ECL	$ 16
Variance from reported ECL (%)	1.00%

Note 4 - Loans - Reconciliation

Note 4 - Loans - Reconciliation of ECL Allowance by Lending Asset Category (Details) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Statement Line Items [Line Items]
Provision for (recovery of) credit losses	$ 78	$ (312)	$ 80	$ (255)
Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period			1,453
Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period			1,316
Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period			137
Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period			0
Commercial real estate mortgages [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	370	207	275	215
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	49	31	144	23
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	49	31	144	23
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Commercial real estate mortgages [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	370	207	275	215
Transfer in (out) to Stage 1	14	21	52	41
Transfer in (out) to Stage 2	(27)	(46)	(85)	(90)
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	62	56	177	72
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	49	31	144	23
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Commercial real estate mortgages [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0	0	0
Transfer in (out) to Stage 1	(14)	(21)	(52)	(41)
Transfer in (out) to Stage 2	27	46	85	90
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	(13)	(25)	(33)	(49)
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	0	0	0
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Commercial real estate mortgages [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0	0	0
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	0	0	0	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	0	0	0
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Commercial real estate loans [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,045	1,513	1,114	1,366
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	(56)	(220)	(108)	(143)
Loan originations	80	78	160	224
Derecognitions and maturities	(20)	(63)	(117)	(139)
Provision for (recovery of) credit losses	4	(205)	(65)	(58)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Commercial real estate loans [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	949	1,346	980	1,174
Transfer in (out) to Stage 1	8	0	22	0
Transfer in (out) to Stage 2	0	(56)	(4)	(58)
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	(69)	(256)	(97)	(189)
Loan originations	80	78	160	224
Derecognitions and maturities	(20)	(33)	(113)	(72)
Provision for (recovery of) credit losses	(1)	(267)	(32)	(95)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Commercial real estate loans [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	96	167	134	192
Transfer in (out) to Stage 1	(8)	0	(22)	0
Transfer in (out) to Stage 2	0	56	4	58
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	13	36	(11)	46
Loan originations	0	0	0	0
Derecognitions and maturities	0	(30)	(4)	(67)
Provision for (recovery of) credit losses	5	62	(33)	37
Write-offs	0	0	0	0
Recoveries	0	0	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	0	0
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	0	0	0	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	0	0	0
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Point of sale loans and leases [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	36	72	45	137
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	4	(23)	(5)	(88)
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	4	(23)	(5)	(88)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Point of sale loans and leases [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	36	72	45	137
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	4	(23)	(5)	(88)
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	4	(23)	(5)	(88)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Point of sale loans and leases [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0	0	0
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	0	0	0	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	0	0	0
Write-offs	0	0	0	0
Recoveries	0	0	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	0	0
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	0	0	0	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	0	0	0
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Public sector and other financing [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	4	40	19	57
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	21	2	7	(15)
Loan originations	0	0	0	0
Derecognitions and maturities	0	(117)	(1)	(117)
Provision for (recovery of) credit losses	21	(115)	6	(132)
Write-offs	0	0	0	0
Recoveries	0	116	0	116
Public sector and other financing [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	4	40	16	57
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	20	2	9	(15)
Loan originations	0	0	0	0
Derecognitions and maturities	0	(1)	(1)	(1)
Provision for (recovery of) credit losses	20	1	8	(16)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Public sector and other financing [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0	3	0
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	1	0	(2)	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	1	0	(2)	0
Write-offs	0	0	0	0
Recoveries	0	0	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	0	0
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	0	0	0	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	(116)	0	(116)
Provision for (recovery of) credit losses	0	(116)	0	(116)
Write-offs	0	0	0	0
Recoveries	$ 0	$ 116	$ 0	$ 116

Note 5 - Other Assets - Schedul

Note 5 - Other Assets - Schedule of Other Assets (Details) - CAD ($) $ in Thousands	Apr. 30, 2022	Oct. 31, 2021	Apr. 30, 2021
Statement Line Items [Line Items]
Accounts receivable	$ 3,750	$ 2,643	$ 1,044
Prepaid expenses and other	16,186	12,699	10,431
Property and equipment	6,872	7,075	7,462
Right-of-use assets	4,470	4,817	5,164
Deferred income tax asset	2,315	2,931	2,941
Investment	953	953	953
Goodwill	5,754	5,754	5,754
Intangible assets	3,413	3,641	3,804
Other assets	$ 43,713	$ 40,513	$ 37,553

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.	$ 4,903	$ 4,898	$ 4,894
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.	93,507	90,374	89,498
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.	$ 98,410	$ 95,272	$ 94,392

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	Apr. 30, 2022	Oct. 31, 2021	Apr. 30, 2021
Statement Line Items [Line Items]
Accounts payable and other	$ 5,849	$ 6,893	$ 5,506
Current income tax liability	2,126	2,949	1,449
Deferred income tax liability	812	898	862
Lease obligations	4,665	5,113	5,438
Cash collateral and amounts held in escrow	5,833	7,887	3,261
Cash reserves on loan and lease receivables	108,121	110,764	102,210
Other liabilities	$ 127,406	$ 134,504	$ 118,726

Note 8 - Share Capital (Details

Note 8 - Share Capital (Details Textual)	Apr. 30, 2021CAD ($)$ / sharesshares	Apr. 30, 2022CAD ($)$ / sharesshares	Apr. 30, 2021CAD ($)shares	Apr. 30, 2022CAD ($)$ / sharesshares	Apr. 30, 2021CAD ($)shares	Jan. 31, 2022	Oct. 31, 2021shares	Jan. 31, 2021	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		1,240,000
Number of share options outstanding in share-based payment arrangement at end of period	42,017	953,730	42,017	953,730	42,017	953,730	40,000	42,017	42,017
Total expense from share-based payment transactions in which goods or services received did not qualify for recognition as assets | $		$ 424,000	$ 0	$ 620,000	$ 0
Number of share options granted in share-based payment arrangement		0	0	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		40,000
Weighted average exercise price of share options exercisable in share-based payment arrangement (in CAD per share) | $ / shares		$ 7		$ 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			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			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		1,681,320		1,681,320
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		6 Months Ended
	Apr. 30, 2022$ / shares	Apr. 30, 2021$ / shares	Apr. 30, 2022$ / shares	Apr. 30, 2021$ / shares
Statement Line Items [Line Items]
Outstanding, beginning of period	953,730	42,017	40,000	42,017
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.53	$ 10.73	$ 7	$ 10.73
Granted	0	0	913,730	0
Granted, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 15.90	$ 0
Exercised	0	0	0	0
Exercised, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 0	$ 0
Forfeired/cancelled	0	0	0	0
Forfeired/cancelled, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 0	$ 0
Expired	0	0	0	0
Expired, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 0	$ 0
Outstanding, end of period	953,730	42,017	953,730	42,017
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.53	$ 10.73	$ 15.53	$ 10.73

Note 9 - Income Tax Provision (

Note 9 - Income Tax Provision (Details Textual) - CAD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021	Jan. 31, 2021	Apr. 30, 2022	Apr. 30, 2021
Statement Line Items [Line Items]
Tax income (expense)	$ 1,847		$ 2,196		$ 3,909	$ 4,184
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		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Statement Line Items [Line Items]
Net income (loss)	$ 4,943	$ 5,744	$ 10,509	$ 11,034
Less: dividends on preferred shares	(247)	(542)	(494)	(1,084)
Profit (loss), attributable to ordinary equity holders of parent entity	$ 4,696	$ 5,202	$ 10,015	$ 9,950
Weighted average number of common shares outstanding (in shares)	27,441,082	21,123,559	27,441,082	21,123,559
Income per common share: (in CAD per share)	$ 0.17	$ 0.25	$ 0.36	$ 0.47

Note 11 - Commitments and Con_3

Note 11 - Commitments and Contingencies - Credit Related Commitments (Details) - CAD ($) $ in Thousands	Apr. 30, 2022	Oct. 31, 2021	Apr. 30, 2021
Statement Line Items [Line Items]
Credit commitments	$ 366,780	$ 342,710	$ 309,763
Loan commitments [member]
Statement Line Items [Line Items]
Credit commitments	312,125	296,248	258,846
Letters of credit [member]
Statement Line Items [Line Items]
Credit commitments	$ 54,655	$ 46,462	$ 50,917

Note 12 - Related Party Trans_2

Note 12 - Related Party Transactions (Details Textual) - CAD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021	Oct. 31, 2021
Statement Line Items [Line Items]
Revenue from rendering of services, related party transactions	$ 23,000	$ 19,000	$ 48,000	$ 36,000
Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount	5,000,000		5,000,000
Key management personnel of entity or parent [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	1,300,000		1,300,000		$ 1,500,000
Allowance account for credit losses of financial assets at end of period	0		0		0
Key management personnel of entity or parent [member] | Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount	500,000		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		$ 2,800,000

Note 13 - Capital Management (D

Note 13 - Capital Management (Details Textual)	Apr. 30, 2022	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	Apr. 30, 2022	Oct. 31, 2021	Apr. 30, 2021
Statement Line Items [Line Items]
Directly issued capital instruments	$ 242,086	$ 241,466	$ 166,404
Retained earnings	99,285	90,644	80,965
Accumulated other comprehensive income	43	(4)	(3)
Regulatory capital		418,718
Total risk-weighted assets		$ 2,013,544
CET1 capital ratio		20.80%
Total assets	2,692,146	$ 2,415,086	$ 2,139,757
Transitional [member]
Statement Line Items [Line Items]
Regulatory capital	432,083
Total risk-weighted assets	$ 2,313,030
CET1 capital ratio	18.68%
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	$ 366,780	342,710
Adjustments for conversion to credit equivalent amount		210,065
Total off-balance sheet exposures	153,873	132,645
Total exposures		$ 2,534,980
Leverage ratio		12.60%
Basel III [member] | Transitional [member]
Statement Line Items [Line Items]
Total assets	2,692,146
Total on-balance sheet exposures	2,680,342
Adjustments for conversion to credit equivalent amount	212,907
Total exposures	$ 2,834,215
Leverage ratio	11.63%
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	$ 228,439
Retained earnings	99,285
Accumulated other comprehensive income	43
Regulatory capital before adjustments	327,767
Adjustments to capital	(11,804)
Regulatory capital	$ 315,963
CET1 capital ratio	13.66%
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	$ 329,610
CET1 capital ratio	14.25%
Tier 2 capital [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 100,940	$ 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	100,940
Adjustments to capital	1,533
Regulatory capital	$ 102,473

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	6 Months Ended	12 Months Ended
	Apr. 30, 2022	Oct. 31, 2021
Increase 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ 5,927	$ 4,147
Impact on reported equity during a 60 month period	$ 2,936	$ 1,603
Duration difference between assets and liabilities (months) (Month)	3 months 3 days	2 months 9 days
Decrease 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ (6,292)	$ (3,220)
Impact on reported equity during a 60 month period	$ (3,008)	$ (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	Apr. 30, 2022	Oct. 31, 2021
Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, book value	$ 2,124,916	$ 1,853,204
Liabilities, fair value	2,011,585	1,860,332
Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, book value	98,410	95,272
Liabilities, fair value	100,940	97,910
Other liabilities [member]
Statement Line Items [Line Items]
Liabilities, book value	124,468	130,657
Liabilities, fair value	124,468	130,657
Cash and cash equivalents [member]
Statement Line Items [Line Items]
Assets, book value	198,157	271,523
Assets, fair value	198,157	271,523
Loans, net [member]
Statement Line Items [Line Items]
Assets, book value	2,450,276	2,103,050
Assets, fair value	2,485,663	2,118,636
Other assets [member]
Statement Line Items [Line Items]
Assets, book value	3,750	3,596
Assets, fair value	$ 3,750	$ 3,596

Note 16 - Operating Segmentat_3

Note 16 - Operating Segmentation (Details Textual)	6 Months Ended
	Apr. 30, 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		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021	Oct. 31, 2021
Statement Line Items [Line Items]
Net interest income	$ 17,242	$ 15,095	$ 34,127	$ 29,469
Non-interest income	1,393	875	2,774	1,923
Total revenue	18,635	15,970	36,901	31,392
Provision for (recovery of) credit losses	78	(312)	80	(255)
Revenue less provision for credit loss	18,557	16,282	36,821	31,647
Non-interest expenses:
Salaries and benefits	6,726	4,953	12,809	9,983
General and administrative	4,019	2,383	7,643	4,722
Premises and equipment	1,022	1,006	1,951	1,724
Noninterest expense	11,767	8,342	22,403	16,429
Income (loss) before income taxes	6,790	7,940	14,418	15,218
Income tax provision	1,847	2,196	3,909	4,184
Net income (loss)	4,943	5,744	10,509	11,034
Total assets	2,692,146	2,139,757	2,692,146	2,139,757	$ 2,415,086
Total liabilities	2,350,732	1,892,391	2,350,732	1,892,391	$ 2,082,980
Net interest income	17,242	15,095	34,127	29,469
Non-interest income	1,393	875	2,774	1,923
Total revenue	18,635	15,970	36,901	31,392
Provision for (recovery of) credit losses	78	(312)	80	(255)
Revenue less provision for credit loss	18,557	16,282	36,821	31,647
Elimination of intersegment amounts [member]
Statement Line Items [Line Items]
Net interest income	0	0	0	0
Non-interest income	(42)	(41)	(83)	(69)
Total revenue	(42)	(41)	(83)	(69)
Provision for (recovery of) credit losses	0	0	0	0
Revenue less provision for credit loss	(42)	(41)	(83)	(69)
Non-interest expenses:
Salaries and benefits	0	0	0	0
General and administrative	(42)	(41)	(83)	(69)
Premises and equipment	0	0	0	0
Noninterest expense	(42)	(41)	(83)	(69)
Income (loss) before income taxes	0	0	0	0
Income tax provision	0	0	0	0
Net income (loss)	0	0	0	0
Total assets	(21,750)	(17,994)	(21,750)	(17,994)
Total liabilities	(20,605)	(16,849)	(20,605)	(16,849)
Net interest income	0	0	0	0
Non-interest income	(42)	(41)	(83)	(69)
Total revenue	(42)	(41)	(83)	(69)
Provision for (recovery of) credit losses	0	0	0	0
Revenue less provision for credit loss	(42)	(41)	(83)	(69)
Banking segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	17,242	15,095	34,127	29,469
Non-interest income	1	1	2	(16)
Total revenue	17,243	15,096	34,129	29,453
Provision for (recovery of) credit losses	78	(312)	80	(255)
Revenue less provision for credit loss	17,165	15,408	34,049	29,708
Non-interest expenses:
Salaries and benefits	5,586	4,525	11,025	9,223
General and administrative	3,761	2,237	7,243	4,299
Premises and equipment	659	598	1,241	1,168
Noninterest expense	10,006	7,360	19,509	14,690
Income (loss) before income taxes	7,159	8,048	14,540	15,018
Income tax provision	1,744	2,153	3,706	4,006
Net income (loss)	5,415	5,895	10,834	11,012
Total assets	2,692,510	2,139,974	2,692,510	2,139,974
Total liabilities	2,347,610	1,888,732	2,347,610	1,888,732
Net interest income	17,242	15,095	34,127	29,469
Non-interest income	1	1	2	(16)
Total revenue	17,243	15,096	34,129	29,453
Provision for (recovery of) credit losses	78	(312)	80	(255)
Revenue less provision for credit loss	17,165	15,408	34,049	29,708
Cybersecurity segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	0	0	0	0
Non-interest income	1,434	915	2,855	2,008
Total revenue	1,434	915	2,855	2,008
Provision for (recovery of) credit losses	0	0	0	0
Revenue less provision for credit loss	1,434	915	2,855	2,008
Non-interest expenses:
Salaries and benefits	1,140	428	1,784	760
General and administrative	300	187	483	492
Premises and equipment	363	408	710	556
Noninterest expense	1,803	1,023	2,977	1,808
Income (loss) before income taxes	(369)	(108)	(122)	200
Income tax provision	103	43	203	178
Net income (loss)	(472)	(151)	(325)	22
Total assets	21,386	17,777	21,386	17,777
Total liabilities	23,727	20,508	23,727	20,508
Net interest income	0	0	0	0
Non-interest income	1,434	915	2,855	2,008
Total revenue	1,434	915	2,855	2,008
Provision for (recovery of) credit losses	0	0	0	0
Revenue less provision for credit loss	$ 1,434	$ 915	$ 2,855	$ 2,008