VersaBank (VBNK) 6-K 8 Mar 23 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	Jan. 31, 2023
Document Information [Line Items]
Entity Registrant Name	VersaBank
Document, Type	6-K
Current Fiscal Year End Date	--10-31
Document, Period End Date	Jan. 31, 2023
Entity, File Number	001-40805
Entity, Address, Address Line One	140 Fullarton Street, Suite 2002
Entity, Address, City or Town	London
Entity, Address, State or Province	ON
Entity, Address, Postal Zip Code	N6A 5P2
Entity, Address, Country	CA
Amendment Flag	false
Entity Central Index Key	0001690639

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Assets
Cash	$ 201,372	$ 88,581	$ 155,239
Securities (note 4)	49,847	141,564	0
Loans, net of allowance for credit losses (note 5)	3,235,083	2,992,678	2,215,638
Other assets (note 6)	45,388	43,175	44,469
Total assets	3,531,690	3,265,998	2,415,346
Liabilities and Shareholders' Equity
Deposits	2,925,452	2,657,540	1,847,003
Subordinated notes payable (note 7)	102,765	104,951	97,726
Other liabilities (note 8)	152,296	152,832	133,666
Total liabilities	3,180,513	2,915,323	2,078,395
Shareholders' equity:
Share capital (note 9)	232,512	239,629	241,321
Contributed surplus	1,955	1,612	341
Retained earnings	116,638	109,335	95,276
Accumulated other comprehensive income	72	99	13
Total equity	351,177	350,675	336,951
Total equity and liabilities	$ 3,531,690	$ 3,265,998	$ 2,415,346

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Interest income:
Loans	$ 46,855	$ 24,514
Other	2,706	206
Interest income	49,561	24,720
Interest expense:
Deposits and other	23,841	6,469
Subordinated notes	1,446	1,366
Interest expense	25,287	7,835
Net interest income	24,274	16,885
Non-interest income	1,644	1,381
Total revenue	25,918	18,266
Provision for credit losses (note 5)	385	2
Revenue less provision for credit loss	25,533	18,264
Non-interest expenses:
Salaries and benefits	8,257	6,083
General and administrative	3,126	3,624
Premises and equipment	952	929
Noninterest expense	12,335	10,636
Income before income taxes	13,198	7,628
Income tax provision (note 10)	3,781	2,062
Net income	9,417	5,566
Other comprehensive income (loss):
Item that may subsequently be reclassified to net income: Foreign exchange gain (loss) on translation of foreign operations	(27)	17
Comprehensive income	$ 9,390	$ 5,583
Basic and diluted income per common share (note 11) (in CAD per share)	$ 0.34	$ 0.19
Weighted average number of common shares outstanding (in shares)	27,025,317	27,441,082

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]	Additional paid-in capital [member]	Retained earnings [member]	Accumulated other comprehensive income [member]
Balance at Oct. 31, 2021			$ 227,674		$ 145	$ 90,644	$ (4)
Statement Line Items [Line Items]
Purchased and cancelled during the period			0
Stock-based compensation (note 9)					196
Adjustment for purchased and cancelled common shares						0
Net income (loss)	$ 5,566					5,566
Dividends paid on common and preferred shares						(934)
Other comprehensive income (loss)							17
Balance at Jan. 31, 2022	336,951	$ 241,321	227,674	$ 13,647	341	95,276	13
Balance at Oct. 31, 2022	350,675		225,982		1,612	109,335	99
Statement Line Items [Line Items]
Purchased and cancelled during the period			(7,117)			(1,200)
Stock-based compensation (note 9)					343
Adjustment for purchased and cancelled common shares						(1,204)
Net income (loss)	9,417					9,417
Dividends paid on common and preferred shares						(910)
Other comprehensive income (loss)							(27)
Balance at Jan. 31, 2023	$ 351,177	$ 232,512	$ 218,865	$ 13,647	$ 1,955	$ 116,638	$ 72

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Cash provided by (used in):
Net income (loss)	$ 9,417	$ 5,566
Adjustments to determine net cash flows:
Provision for credit losses	385	2
Stock-based compensation	343	196
Income tax provision	3,781	2,062
Interest income	(49,561)	(24,720)
Interest expense	25,287	7,835
Amortization	467	490
Accretion of discount on securities	(533)	0
Foreign exchange rate change on assets and liabilities	10,663	2,430
Interest received	47,368	23,594
Interest paid	(15,360)	(9,406)
Income taxes paid	(7,710)	(2,820)
Securities	92,029	0
Loans	(241,216)	(111,400)
Deposits	259,294	(3,385)
Change in other assets and liabilities	(8,451)	(3,308)
Net cash flows from (used in) operating activities	126,203	(112,864)
Purchase of property and equipment	(25)	(32)
Net cash flows from (used in) investing activities	(25)	(32)
Financing:
Purchase and cancellation of common shares	(8,321)	0
Dividends paid	(910)	(934)
Repayment of lease obligations	(176)	(169)
Net cash flows from (used in) financing activities	(9,407)	(1,103)
Change in cash	116,771	(113,999)
Effect of exchange rate changes on cash	(3,980)	(2,285)
Cash, beginning of the period	88,581	271,523
Cash, end of the period	$ 201,372	$ 155,239

Note 1 - Reporting Entity

Note 1 - Reporting Entity	3 Months Ended
	Jan. 31, 2023
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 2002, 140 N6A 5P2.

Note 2 - Basis of Preparation

Note 2 - Basis of Preparation	3 Months Ended
	Jan. 31, 2023
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, 2022. The interim Consolidated Financial Statements for the three January 31, 2023 2022 March 6, 2023. b) Basis of measurement: These interim Consolidated Financial Statements have been prepared on the historical cost basis except the investment in Canada Stablecorp Inc. (note 6 12 c) Functional and presentation currency: These interim d) Use of estimates and judgements: In preparing these interim 5 9, may Available forward-looking information, including forecast macroeconomic indicator and industry performance trend data, is influenced by a number of factors, including, but not Estimates and their underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are applied prospectively once they are known.

Note 3 - Significant Accounting

Note 3 - Significant Accounting Policies and Future Accounting Changes	3 Months Ended
	Jan. 31, 2023
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, 2022 3 2022 Derivative instruments: Derivatives are reported as other assets when they have a positive fair value and as other liabilities when they have a negative fair value. Derivatives may not not Hedge accounting: The Bank has elected, as permitted, to apply the hedge accounting requirements of IAS 39. To meet the criteria for hedge accounting, the Bank documents all relationships between hedging instruments and hedged items, how hedge effectiveness is assessed, as well as its risk management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives to specific assets or liabilities on the Consolidated Balance Sheet. The Bank also formally assesses, both at the inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are effective in offsetting changes in fair values or cash flows of the hedged items. There are three The Bank has only fair value hedges outstanding. In a fair value hedge, the change in the fair value of the hedging derivative is recognized in non-interest income in the Consolidated Statements of Income and Comprehensive Income. The change in the fair value of the hedged item attributable to the risk hedged is recorded as part of the carrying value of the hedged item (basis adjustment) and is also recognized in non-interest income in the in the Consolidated Statements of Income and Comprehensive Income. The Bank utilizes fair value hedges primarily to convert fixed rate financial assets to floating rate financial assets. The primary financial instruments designated in fair value hedging relationships are loans. If the derivative expires or is sold, terminated, no In fair value hedges, ineffectiveness arises to the extent that change in fair value of the hedging items differs from the change in fair value of the hedge risk in the hedged item. Any hedge ineffectiveness is measured and recorded in non-interest income in the Consolidated Statements of Income and Comprehensive Income. Derivative contracts which do not

Note 4 - Securities

Note 4 - Securities	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	4. Securities: As at January 31, 2023, October 31, 2022 - May 25, 2023. February 7, 2023.

Note 5 - Loans, Net of Allowanc

Note 5 - Loans, Net of Allowance for Credit Losses	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of loans and advances to customers [text block]	5. Loans, net of allowance for credit losses: 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) January 31 October 31 January 31 2023 2022 2022 Point-of-sale loans and leases $ 2,414,266 $ 2,220,894 $ 1,439,781 Commercial real estate mortgages 752,138 710,369 722,829 Commercial real estate loans 12,811 13,165 14,600 Public sector and other financing 42,523 35,452 31,247 3,221,738 2,979,880 2,208,457 Allowance for credit losses (2,289 ) (1,904 ) (1,455 ) Accrued interest 15,634 14,702 8,636 Total loans, net of allowance for credit losses $ 3,235,083 $ 2,992,678 $ 2,215,638 The following table provides a summary of loan amounts, expected credit loss allowance amounts, and expected loss rates by lending asset category: As at January 31, 2023 As at October 31, 2022 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases $ 2,407,986 $ 4,598 $ 1,682 $ 2,414,266 $ 2,215,388 $ 5,227 $ 279 $ 2,220,894 ECL allowance 583 - - 583 545 - - 545 EL % 0.02 % 0.00 % 0.00 % 0.02 % 0.02 % 0.00 % 0.00 % 0.02 % Commercial real estate mortgages $ 668,730 $ 83,408 $ - $ 752,138 $ 599,113 $ 111,256 $ - $ 710,369 ECL allowance 1,517 74 - 1,591 1,150 137 - 1,287 EL % 0.23 % 0.09 % 0.00 % 0.21 % 0.19 % 0.12 % 0.00 % 0.18 % Commercial real estate loans $ 12,811 $ - $ - $ 12,811 $ 13,165 $ - $ - $ 13,165 ECL allowance 57 - - 57 54 - - 54 EL % 0.44 % 0.00 % 0.00 % 0.44 % 0.41 % 0.00 % 0.00 % 0.41 % Public sector and other financing $ 42,348 $ 175 $ - $ 42,523 $ 35,273 $ 179 $ - $ 35,452 ECL allowance 55 3 - 58 17 1 - 18 EL % 0.13 % 1.71 % 0.00 % 0.14 % 0.05 % 0.56 % 0.00 % 0.05 % Total loans $ 3,131,875 $ 88,181 $ 1,682 $ 3,221,738 $ 2,862,939 $ 116,662 $ 279 $ 2,979,880 Total ECL allowance 2,212 77 - 2,289 1,766 138 - 1,904 Total EL % 0.07 % 0.09 % 0.00 % 0.07 % 0.06 % 0.12 % 0.00 % 0.06 % 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 8 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 and US macroeconomic trends attributable to changes in monetary policy, inflation, employment rates, consumer behaviour and geo-political risks. 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 base case macroeconomic forecast trends this quarter include: household finances come under pressure attributable to elevated inflation and higher interest rates as the Bank of Canada pushes the overnight rate to 4.75%; 2023 first 2023 not 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%, January 31, 2023 Expected credit loss sensitivity: The following table presents the sensitivity of the Bank’s estimated ECL to a range of individual macroeconomic scenarios, that in isolation may not January 31, 2023: (thousands of Canadian dollars) Reported 100% 100% 100% ECL Upside Baseline Downside Allowance for expected credit losses $ 2,289 $ 1,857 $ 2,772 $ 4,025 Variance from reported ECL (432 ) 483 1,736 Variance from reported ECL (%) (19 %) 21 % 76 % The ECL model requires the recognition of credit losses based on 12 1 2 3 The determination of a significant increase in credit risk is a function primarily of loan product type and the associated risk profile of same. The principal factors considered in making this determination include relative changes in the Bank’s internal risk rating assignment, the loan’s watchlist status, and the loan’s delinquency status. Notwithstanding the above, the assessment of a significant increase in credit risk will require experienced credit judgement. The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three January 31, 2023: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 545 $ - $ - $ 545 Transfer in (out) to Stage 1 38 (38 ) - - Transfer in (out) to Stage 2 (54 ) 54 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 54 (16 ) - 38 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 38 - - 38 Write-offs - - - - Recoveries - - - - Balance at end of period $ 583 $ - $ - $ 583 Commercial real estate mortgages Balance at beginning of period $ 1,150 $ 137 $ - $ 1,287 Transfer in (out) to Stage 1 62 (62 ) - - Transfer in (out) to Stage 2 (30 ) 30 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 263 (31 ) - 232 Loan originations 86 - - 86 Derecognitions and maturities (14 ) - - (14 ) Provision for (recovery of) credit losses 367 (63 ) - 304 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,517 $ 74 $ - $ 1,591 Commercial real estate loans Balance at beginning of period $ 54 $ - $ - $ 54 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 3 - - 3 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 3 - - 3 Write-offs - - - - Recoveries - - - - Balance at end of period $ 57 $ - $ - $ 57 Public sector and other financing Balance at beginning of period $ 17 $ 1 $ - $ 18 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 11 2 - 13 Loan originations 27 - - 27 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 38 2 - 40 Write-offs - - - - Recoveries - - - - Balance at end of period $ 55 $ 3 $ - $ 58 Total balance at end of period $ 2,212 $ 77 $ - $ 2,289 The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three January 31, 2022: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 275 $ - $ - $ 275 Transfer in (out) to Stage 1 38 (38 ) - - Transfer in (out) to Stage 2 (58 ) 58 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 115 (20 ) - 95 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 95 - - 95 Write-offs - - - - Recoveries - - - - Balance at end of period $ 370 $ - $ - $ 370 Commercial real estate mortgages Balance at beginning of period $ 980 $ 134 $ - $ 1,114 Transfer in (out) to Stage 1 14 (14 ) - - Transfer in (out) to Stage 2 (4 ) 4 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (28 ) (24 ) - (52 ) Loan originations 80 - - 80 Derecognitions and maturities (93 ) (4 ) - (97 ) Provision for (recovery of) credit losses (31 ) (38 ) - (69 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 949 $ 96 $ - $ 1,045 Commercial real estate loans Balance at beginning of period $ 45 $ - $ - $ 45 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (9 ) - - (9 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (9 ) - - (9 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 36 $ - $ - $ 36 Public sector and other financing Balance at beginning of period $ 16 $ 3 $ - $ 19 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (11 ) (3 ) - (14 ) Loan originations - - - - Derecognitions and maturities (1 ) - - (1 ) Provision for (recovery of) credit losses (12 ) (3 ) - (15 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 4 $ - $ - $ 4 Total balance at end of period $ 1,359 $ 96 $ - $ 1,455 b) Impaired loans: At January 31, 2023, two October 31, 2022 -

Note 6 - Other Assets

Note 6 - Other Assets	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of other assets [text block]	6. Other assets: (thousands of Canadian dollars) January 31 October 31 January 31 2023 2022 2022 Accounts receivable $ 3,406 $ 3,774 $ 2,938 Prepaid expenses and other 12,950 10,213 11,474 Property and equipment 6,698 6,868 6,905 Right-of-use assets 3,948 4,122 4,643 Deferred income tax asset 2,003 2,128 2,868 Interest rate swap 49 - - Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets (note 6b) 9,627 9,363 8,934 $ 45,388 $ 43,175 $ 44,469 a) In February 2021, not b) As at January 31, 2023, October 31, 2022 - October 31, 2022 -

Note 7 - Subordinated Notes Pay

Note 7 - Subordinated Notes Payable	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of borrowings [text block]	7. Subordinated notes payable: (thousands of Canadian dollars) January 31 October 31 January 31 2023 2022 2022 Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $ 5.0 500,000 10.41 March 2029 $ 4,911 $ 4,908 $ 4,901 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of USD $ 75.0 5.38 May 2031 97,854 100,043 92,825 $ 102,765 $ 104,951 $ 97,726

Note 8 - Other Liabilities

Note 8 - Other Liabilities	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of other liabilities [text block]	8. Other liabilities: (thousands of Canadian dollars) January 31 October 31 January 31 2023 2022 2022 Accounts payable and other $ 5,482 $ 7,662 $ 6,155 Current income tax liability 1,829 5,797 1,975 Deferred income tax liability 704 786 855 Lease obligations 4,295 4,471 4,944 Cash collateral and amounts held in escrow 7,210 8,006 5,252 Cash reserves on loan and lease receivables 132,776 126,110 114,485 $ 152,296 $ 152,832 $ 133,666

Note 9 - Share Capital

Note 9 - Share Capital	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of classes of share capital [text block]	9. Share capital: a) Common shares: At January 31, 2023, October 31, 2022 - On August 5, 2022, September 21, 2022, may 9.54% not The Bank was eligible to make purchases commencing on August 17, 2022 August 16, 2023, may no For the quarter ended January 31, 2023, b) Preferred shares: At January 31, 2023, October 31, 2022 - 1 1 15 c) Stock options Under the Bank’s stock option plan, the Bank will grant, to eligible participants, options for the Bank’s common shares on a periodic basis. As per the Bank’s current stock option plan, all options issued have a five three January 31, 2023, October 31, 2022 - Stock option transactions during the three January 31, 2023 2022: for the three months ended January 31, 2023 January 31, 2022 Weighted Weighted Number of average Number of average options exercise price options exercise price Outstanding, beginning of period 965,766 $ 15.53 40,000 $ 7.00 Granted 1,500 15.90 913,730 15.90 Exercised - - - - Forfeited/cancelled 3,990 15.90 - - Expired - - - - Outstanding, end of period 963,276 $ 15.53 953,730 $ 15.53 For the three January 31, 2023, January 31, 2022 - January 31, 2023, October 2023.

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of income tax [text block]	10. Income tax provision: Income tax provision for the three January 31, 2023 January 31, 2022 - January 31, 2022 - not

Note 11 - Income Per Common Sha

Note 11 - Income Per Common Share	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of earnings per share [text block]	11. Income per common share: (thousands of Canadian dollars) for the three months ended January 31 January 31 2023 2022 Net income $ 9,417 $ 5,566 Less: dividends on preferred shares (247 ) (247 ) 9,170 5,319 Average number of common shares outstanding 27,025,317 27,441,082 Income per common share: $ 0.34 $ 0.19 Common shares associated with the Series 1

Note 12 - Derivative Instrument

Note 12 - Derivative Instruments	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	4. Securities: As at January 31, 2023, October 31, 2022 - May 25, 2023. February 7, 2023.
Derivatives [member]
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	12. Derivative instruments: At January 31, 2023, October 31, 2022 - $nil October 31, 2022 - $nil not January 31, 2023, October 31, 2022 - $nil

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of commitments and contingent liabilities [text block]	13. Commitments and contingencies: The amount of credit-related commitments represents the maximum amount of additional credit that the Bank could be obligated to extend. (thousands of Canadian dollars) January 31 October 31 January 31 2023 2022 2022 Loan commitments $ 346,747 $ 382,851 $ 315,764 Letters of credit 58,136 60,273 51,131 $ 404,883 $ 443,124 $ 366,895

Note 14 - Related Party Transac

Note 14 - Related Party Transactions	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of related party [text block]	14. Related party transactions: The Bank’s Board of Directors and Senior Executive Officers represent key management personnel and are related parties. At January 31, 2023, October 31, 2022 - October 31, 2022 - three January 31, 2023, January 31, 2022 - October 31, 2022 - $nil January 31, 2023. March 2019, 7

Note 15 - Capital Management

Note 15 - Capital Management	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of objectives, policies and processes for managing capital [text block]	15. Capital management: a) Overview: The Bank’s policy is to maintain a strong capital base so as to retain investor, creditor and market confidence as well as to support the future growth and development of the business. The impact of the level of capital held on shareholders’ return is an important consideration, and the Bank recognizes the need to maintain a balance between the higher returns that may may OSFI sets and monitors capital requirements for the Bank. Capital is managed in accordance with policies and plans that are regularly reviewed and approved by the Board of Directors and that take into account, amongst other items, forecasted capital requirements and current and anticipated financial market conditions. The goal is to maintain adequate regulatory capital for the Bank to be considered well capitalized, protect consumer deposits and provide capacity to support organic growth as well as to capitalize on strategic opportunities that do not 1 1 2 The Bank monitors its capital adequacy and related capital ratios on a daily basis and has policies setting internal targets and thresholds for its capital ratios. These capital ratios consist of the leverage ratio and the risk-based capital ratios. The Bank makes use of the Standardized Approach for credit risk as prescribed by OSFI and, therefore, may 2 During the three January 31, 2023, no b) Risk-based capital ratios: The Basel Committee on Banking Supervision has published the Basel III rules on capital adequacy and liquidity (“Basel III”). OSFI requires that all Canadian banks must comply with the Basel III standards on an “all-in” basis for the purpose of determining their risk-based capital ratios. Required minimum regulatory capital ratios are a 7.0% Common Equity Tier 1 “CET1” 1 OSFI also requires banks to measure capital adequacy in accordance with guidelines for determining risk- adjusted capital and risk-weighted assets including off-balance sheet credit instruments as specified in the Basel III regulations. Based on the deemed credit risk for each type of asset, both on and off-balance sheet assets of the Bank are assigned a weighting ranging between 0% 150% The Bank’s risk-based capital ratios are calculated as follows: (thousands of Canadian dollars) January 31 October 31 2023 2022 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 218,865 $ 225,982 Contributed surplus 1,955 1,612 Retained earnings 116,638 109,335 Accumulated other comprehensive income 72 99 CET1 before regulatory adjustments 337,530 337,028 Regulatory adjustments applied to CET1 (11,119 ) (11,371 ) Common Equity Tier 1 capital $ 326,411 $ 325,657 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 340,058 $ 339,304 Tier 2 capital Directly issued Tier 2 capital instruments $ 105,125 $ 107,367 Tier 2 capital before regulatory adjustments 105,125 107,367 Eligible stage 1 and stage 2 allowance 2,289 1,904 Total Tier 2 capital $ 107,414 $ 109,271 Total regulatory capital $ 447,472 $ 448,575 Total risk-weighted assets $ 2,917,048 $ 2,714,902 Capital ratios CET1 capital ratio 11.19 % 12.00 % Tier 1 capital ratio 11.66 % 12.50 % Total capital ratio 15.34 % 16.52 % As at January 31, 2023 October 31, 2022, c) Leverage ratio: The leverage ratio, which is prescribed under the Basel III Accord, is a supplementary measure to the risk-based capital requirements and is defined as the ratio of Tier 1 (thousands of Canadian dollars) January 31 October 31 2023 2022 On-balance sheet assets $ 3,531,690 $ 3,265,998 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,119 ) (11,371 ) Total on-balance sheet exposures 3,520,571 3,254,627 Total off-balance sheet exposure at gross notional amount $ 404,883 $ 443,124 Adjustments for conversion to credit equivalent amount (232,402 ) (251,101 ) Total off-balance sheet exposures 172,481 192,023 Tier 1 capital 340,058 339,304 Total exposures 3,693,052 3,446,650 Leverage ratio 9.21 % 9.84 % As at January 31, 2023 October 31, 2022,

Note 16 - Interest Rate Risk Po

Note 16 - Interest Rate Risk Position	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of how entity manages liquidity risk [text block]	16. 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 (thousands of Canadian dollars) January 31, 2023 October 31, 2022 Increase Decrease Increase Decrease Increase (decrease): Impact on projected net interest income during a 12 month period $ 4,156 $ (4,168 ) $ 4,304 $ (4,261 ) Duration difference between assets and liabilities (months) 2.6 1.4

Note 17 - Fair Value of Financi

Note 17 - Fair Value of Financial Instruments	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of fair value of financial instruments [text block]	17. 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 judgement and, as such, may not not not 18 October 31, 2022 (thousands of Canadian dollars) As at January 31, 2023 October 31, 2022 Book Fair Book Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash $ 201,372 $ 201,372 $ 88,581 $ 88,581 Securities 49,847 49,847 141,564 141,564 Loans 3,235,083 3,208,534 2,992,678 2,963,676 Investment in Stablecorp 953 953 953 953 Liabilities Deposits $ 2,925,452 $ 2,866,985 $ 2,657,540 $ 2,561,421 Subordinated notes payable 102,765 105,125 104,951 107,367 Other financial liabilities 149,763 149,763 146,249 146,249

Note 18 - Operating Segmentatio

Note 18 - Operating Segmentation	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of entity's operating segments [text block]	18. Operating segmentation: The Bank has established two reportable operating segments, those being Digital Banking and DRTC (cybersecurity services). The two Digital Banking DRTC (cybersecurity services and banking and financial technology development) The basis for the determination of the reportable segments is a function primarily of the systematic, consistent process employed by the Bank’s 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 the Bank’s Consolidated Financial Statements, as disclosed in note 3 2022 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. The following table sets out the results of each reportable operating segment as at and for the three January 31, 2023 2022: (thousands of Canadian dollars) for the three months ended January 31, 2023 January 31, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 24,274 $ - $ - $ 24,274 $ 16,885 $ - $ - $ 16,885 Non-interest income 2 1,833 (191 ) 1,644 - 1,422 (41 ) 1,381 Total revenue 24,276 1,833 (191 ) 25,918 16,885 1,422 (41 ) 18,266 Provision for credit losses 385 - - 385 2 - - 2 23,891 1,833 (191 ) 25,533 16,883 1,422 (41 ) 18,264 Non-interest expenses: Salaries and benefits 6,684 1,573 - 8,257 5,440 643 - 6,083 General and administrative 2,862 455 (191 ) 3,126 3,482 183 (41 ) 3,624 Premises and equipment 623 329 - 952 582 347 - 929 10,169 2,357 (191 ) 12,335 9,504 1,173 (41 ) 10,636 Income (loss) before income taxes 13,722 (524 ) - 13,198 7,379 249 - 7,628 Income tax provision 3,789 (8 ) - 3,781 1,961 101 - 2,062 Net income (loss) $ 9,933 $ (516 ) $ - $ 9,417 $ 5,418 $ 148 $ - $ 5,566 Total assets $ 3,522,279 $ 23,797 $ (14,386 ) $ 3,531,690 $ 2,412,167 $ 23,767 $ (20,588 ) $ 2,415,346 Total liabilities $ 3,174,197 $ 27,751 $ (21,435 ) $ 3,180,513 $ 2,072,691 $ 25,147 $ (19,443 ) $ 2,078,395 The Bank has operations in the US, through both its Digital Banking and DRTC businesses; however as at January 31, 2023,

Note 19 - Comparative Balances

Note 19 - Comparative Balances	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of reclassifications or changes in presentation [text block]	19. Comparative balances: Certain comparative balances have been reclassified to conform with the financial statement presentation adopted in the current period.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2023
Discloure of Significant Accounting Policies
Description of accounting policy for derivative financial instruments [text block]	Derivative instruments: Derivatives are reported as other assets when they have a positive fair value and as other liabilities when they have a negative fair value. Derivatives may not not
Description of accounting policy for hedging [text block]	Hedge accounting: The Bank has elected, as permitted, to apply the hedge accounting requirements of IAS 39. To meet the criteria for hedge accounting, the Bank documents all relationships between hedging instruments and hedged items, how hedge effectiveness is assessed, as well as its risk management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives to specific assets or liabilities on the Consolidated Balance Sheet. The Bank also formally assesses, both at the inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are effective in offsetting changes in fair values or cash flows of the hedged items. There are three The Bank has only fair value hedges outstanding. In a fair value hedge, the change in the fair value of the hedging derivative is recognized in non-interest income in the Consolidated Statements of Income and Comprehensive Income. The change in the fair value of the hedged item attributable to the risk hedged is recorded as part of the carrying value of the hedged item (basis adjustment) and is also recognized in non-interest income in the in the Consolidated Statements of Income and Comprehensive Income. The Bank utilizes fair value hedges primarily to convert fixed rate financial assets to floating rate financial assets. The primary financial instruments designated in fair value hedging relationships are loans. If the derivative expires or is sold, terminated, no In fair value hedges, ineffectiveness arises to the extent that change in fair value of the hedging items differs from the change in fair value of the hedge risk in the hedged item. Any hedge ineffectiveness is measured and recorded in non-interest income in the Consolidated Statements of Income and Comprehensive Income. Derivative contracts which do not

Note 5 - Loans, Net of Allowa_2

Note 5 - Loans, Net of Allowance for Credit Losses (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Discosure of loans, net [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2023 2022 2022 Point-of-sale loans and leases $ 2,414,266 $ 2,220,894 $ 1,439,781 Commercial real estate mortgages 752,138 710,369 722,829 Commercial real estate loans 12,811 13,165 14,600 Public sector and other financing 42,523 35,452 31,247 3,221,738 2,979,880 2,208,457 Allowance for credit losses (2,289 ) (1,904 ) (1,455 ) Accrued interest 15,634 14,702 8,636 Total loans, net of allowance for credit losses $ 3,235,083 $ 2,992,678 $ 2,215,638
Disclosure of loans by lending asset category [text block]	As at January 31, 2023 As at October 31, 2022 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases $ 2,407,986 $ 4,598 $ 1,682 $ 2,414,266 $ 2,215,388 $ 5,227 $ 279 $ 2,220,894 ECL allowance 583 - - 583 545 - - 545 EL % 0.02 % 0.00 % 0.00 % 0.02 % 0.02 % 0.00 % 0.00 % 0.02 % Commercial real estate mortgages $ 668,730 $ 83,408 $ - $ 752,138 $ 599,113 $ 111,256 $ - $ 710,369 ECL allowance 1,517 74 - 1,591 1,150 137 - 1,287 EL % 0.23 % 0.09 % 0.00 % 0.21 % 0.19 % 0.12 % 0.00 % 0.18 % Commercial real estate loans $ 12,811 $ - $ - $ 12,811 $ 13,165 $ - $ - $ 13,165 ECL allowance 57 - - 57 54 - - 54 EL % 0.44 % 0.00 % 0.00 % 0.44 % 0.41 % 0.00 % 0.00 % 0.41 % Public sector and other financing $ 42,348 $ 175 $ - $ 42,523 $ 35,273 $ 179 $ - $ 35,452 ECL allowance 55 3 - 58 17 1 - 18 EL % 0.13 % 1.71 % 0.00 % 0.14 % 0.05 % 0.56 % 0.00 % 0.05 % Total loans $ 3,131,875 $ 88,181 $ 1,682 $ 3,221,738 $ 2,862,939 $ 116,662 $ 279 $ 2,979,880 Total ECL allowance 2,212 77 - 2,289 1,766 138 - 1,904 Total EL % 0.07 % 0.09 % 0.00 % 0.07 % 0.06 % 0.12 % 0.00 % 0.06 %
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 $ 2,289 $ 1,857 $ 2,772 $ 4,025 Variance from reported ECL (432 ) 483 1,736 Variance from reported ECL (%) (19 %) 21 % 76 %
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 $ 545 $ - $ - $ 545 Transfer in (out) to Stage 1 38 (38 ) - - Transfer in (out) to Stage 2 (54 ) 54 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 54 (16 ) - 38 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 38 - - 38 Write-offs - - - - Recoveries - - - - Balance at end of period $ 583 $ - $ - $ 583 Commercial real estate mortgages Balance at beginning of period $ 1,150 $ 137 $ - $ 1,287 Transfer in (out) to Stage 1 62 (62 ) - - Transfer in (out) to Stage 2 (30 ) 30 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 263 (31 ) - 232 Loan originations 86 - - 86 Derecognitions and maturities (14 ) - - (14 ) Provision for (recovery of) credit losses 367 (63 ) - 304 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,517 $ 74 $ - $ 1,591 Commercial real estate loans Balance at beginning of period $ 54 $ - $ - $ 54 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 3 - - 3 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 3 - - 3 Write-offs - - - - Recoveries - - - - Balance at end of period $ 57 $ - $ - $ 57 Public sector and other financing Balance at beginning of period $ 17 $ 1 $ - $ 18 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 11 2 - 13 Loan originations 27 - - 27 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 38 2 - 40 Write-offs - - - - Recoveries - - - - Balance at end of period $ 55 $ 3 $ - $ 58 Total balance at end of period $ 2,212 $ 77 $ - $ 2,289 (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 38 (38 ) - - Transfer in (out) to Stage 2 (58 ) 58 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 115 (20 ) - 95 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 95 - - 95 Write-offs - - - - Recoveries - - - - Balance at end of period $ 370 $ - $ - $ 370 Commercial real estate mortgages Balance at beginning of period $ 980 $ 134 $ - $ 1,114 Transfer in (out) to Stage 1 14 (14 ) - - Transfer in (out) to Stage 2 (4 ) 4 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (28 ) (24 ) - (52 ) Loan originations 80 - - 80 Derecognitions and maturities (93 ) (4 ) - (97 ) Provision for (recovery of) credit losses (31 ) (38 ) - (69 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 949 $ 96 $ - $ 1,045 Commercial real estate loans Balance at beginning of period $ 45 $ - $ - $ 45 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (9 ) - - (9 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (9 ) - - (9 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 36 $ - $ - $ 36 Public sector and other financing Balance at beginning of period $ 16 $ 3 $ - $ 19 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (11 ) (3 ) - (14 ) Loan originations - - - - Derecognitions and maturities (1 ) - - (1 ) Provision for (recovery of) credit losses (12 ) (3 ) - (15 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 4 $ - $ - $ 4 Total balance at end of period $ 1,359 $ 96 $ - $ 1,455

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about other assets [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2023 2022 2022 Accounts receivable $ 3,406 $ 3,774 $ 2,938 Prepaid expenses and other 12,950 10,213 11,474 Property and equipment 6,698 6,868 6,905 Right-of-use assets 3,948 4,122 4,643 Deferred income tax asset 2,003 2,128 2,868 Interest rate swap 49 - - Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets (note 6b) 9,627 9,363 8,934 $ 45,388 $ 43,175 $ 44,469

Note 7 - Subordinated Notes P_2

Note 7 - Subordinated Notes Payable (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about borrowings [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2023 2022 2022 Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $ 5.0 500,000 10.41 March 2029 $ 4,911 $ 4,908 $ 4,901 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of USD $ 75.0 5.38 May 2031 97,854 100,043 92,825 $ 102,765 $ 104,951 $ 97,726

Note 8 - Other Liabilities (Tab

Note 8 - Other Liabilities (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about other liabilities [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2023 2022 2022 Accounts payable and other $ 5,482 $ 7,662 $ 6,155 Current income tax liability 1,829 5,797 1,975 Deferred income tax liability 704 786 855 Lease obligations 4,295 4,471 4,944 Cash collateral and amounts held in escrow 7,210 8,006 5,252 Cash reserves on loan and lease receivables 132,776 126,110 114,485 $ 152,296 $ 152,832 $ 133,666

Note 9 - Share Capital (Tables)

Note 9 - Share Capital (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of number and weighted average exercise prices of share options [text block]	for the three months ended January 31, 2023 January 31, 2022 Weighted Weighted Number of average Number of average options exercise price options exercise price Outstanding, beginning of period 965,766 $ 15.53 40,000 $ 7.00 Granted 1,500 15.90 913,730 15.90 Exercised - - - - Forfeited/cancelled 3,990 15.90 - - Expired - - - - Outstanding, end of period 963,276 $ 15.53 953,730 $ 15.53

Note 11 - Income Per Common S_2

Note 11 - Income Per Common Share (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Earnings per share [text block]	(thousands of Canadian dollars) for the three months ended January 31 January 31 2023 2022 Net income $ 9,417 $ 5,566 Less: dividends on preferred shares (247 ) (247 ) 9,170 5,319 Average number of common shares outstanding 27,025,317 27,441,082 Income per common share: $ 0.34 $ 0.19

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of commitments [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2023 2022 2022 Loan commitments $ 346,747 $ 382,851 $ 315,764 Letters of credit 58,136 60,273 51,131 $ 404,883 $ 443,124 $ 366,895

Note 15 - Capital Management (T

Note 15 - Capital Management (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of regulatory capital and capital ratios [text block]	(thousands of Canadian dollars) January 31 October 31 2023 2022 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 218,865 $ 225,982 Contributed surplus 1,955 1,612 Retained earnings 116,638 109,335 Accumulated other comprehensive income 72 99 CET1 before regulatory adjustments 337,530 337,028 Regulatory adjustments applied to CET1 (11,119 ) (11,371 ) Common Equity Tier 1 capital $ 326,411 $ 325,657 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 340,058 $ 339,304 Tier 2 capital Directly issued Tier 2 capital instruments $ 105,125 $ 107,367 Tier 2 capital before regulatory adjustments 105,125 107,367 Eligible stage 1 and stage 2 allowance 2,289 1,904 Total Tier 2 capital $ 107,414 $ 109,271 Total regulatory capital $ 447,472 $ 448,575 Total risk-weighted assets $ 2,917,048 $ 2,714,902 Capital ratios CET1 capital ratio 11.19 % 12.00 % Tier 1 capital ratio 11.66 % 12.50 % Total capital ratio 15.34 % 16.52 % (thousands of Canadian dollars) January 31 October 31 2023 2022 On-balance sheet assets $ 3,531,690 $ 3,265,998 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,119 ) (11,371 ) Total on-balance sheet exposures 3,520,571 3,254,627 Total off-balance sheet exposure at gross notional amount $ 404,883 $ 443,124 Adjustments for conversion to credit equivalent amount (232,402 ) (251,101 ) Total off-balance sheet exposures 172,481 192,023 Tier 1 capital 340,058 339,304 Total exposures 3,693,052 3,446,650 Leverage ratio 9.21 % 9.84 %

Note 16 - Interest Rate Risk _2

Note 16 - Interest Rate Risk Position (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk [text block]	(thousands of Canadian dollars) January 31, 2023 October 31, 2022 Increase Decrease Increase Decrease Increase (decrease): Impact on projected net interest income during a 12 month period $ 4,156 $ (4,168 ) $ 4,304 $ (4,261 ) Duration difference between assets and liabilities (months) 2.6 1.4

Note 17 - Fair Value of Finan_2

Note 17 - Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about financial instruments [text block]	(thousands of Canadian dollars) As at January 31, 2023 October 31, 2022 Book Fair Book Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash $ 201,372 $ 201,372 $ 88,581 $ 88,581 Securities 49,847 49,847 141,564 141,564 Loans 3,235,083 3,208,534 2,992,678 2,963,676 Investment in Stablecorp 953 953 953 953 Liabilities Deposits $ 2,925,452 $ 2,866,985 $ 2,657,540 $ 2,561,421 Subordinated notes payable 102,765 105,125 104,951 107,367 Other financial liabilities 149,763 149,763 146,249 146,249

Note 18 - Operating Segmentat_2

Note 18 - Operating Segmentation (Tables)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	(thousands of Canadian dollars) for the three months ended January 31, 2023 January 31, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 24,274 $ - $ - $ 24,274 $ 16,885 $ - $ - $ 16,885 Non-interest income 2 1,833 (191 ) 1,644 - 1,422 (41 ) 1,381 Total revenue 24,276 1,833 (191 ) 25,918 16,885 1,422 (41 ) 18,266 Provision for credit losses 385 - - 385 2 - - 2 23,891 1,833 (191 ) 25,533 16,883 1,422 (41 ) 18,264 Non-interest expenses: Salaries and benefits 6,684 1,573 - 8,257 5,440 643 - 6,083 General and administrative 2,862 455 (191 ) 3,126 3,482 183 (41 ) 3,624 Premises and equipment 623 329 - 952 582 347 - 929 10,169 2,357 (191 ) 12,335 9,504 1,173 (41 ) 10,636 Income (loss) before income taxes 13,722 (524 ) - 13,198 7,379 249 - 7,628 Income tax provision 3,789 (8 ) - 3,781 1,961 101 - 2,062 Net income (loss) $ 9,933 $ (516 ) $ - $ 9,417 $ 5,418 $ 148 $ - $ 5,566 Total assets $ 3,522,279 $ 23,797 $ (14,386 ) $ 3,531,690 $ 2,412,167 $ 23,767 $ (20,588 ) $ 2,415,346 Total liabilities $ 3,174,197 $ 27,751 $ (21,435 ) $ 3,180,513 $ 2,072,691 $ 25,147 $ (19,443 ) $ 2,078,395

Note 4 - Securities (Details Te

Note 4 - Securities (Details Textual) $ in Thousands, $ in Millions	3 Months Ended
	Jan. 31, 2023 CAD ($)	Jan. 31, 2023 USD ($)	Jan. 31, 2023 USD ($)	Oct. 31, 2022 CAD ($)	Jan. 31, 2022 CAD ($)
Statement Line Items [Line Items]
Investments in Securities	$ 49,847			$ 141,564	$ 0
Government of Canada Treasury Bills and a U.S. Government Treasury Bill [member]
Statement Line Items [Line Items]
Investments in Securities	49,800			$ 141,600
Zero-coupon Bank of Canada treasury bills [member]
Statement Line Items [Line Items]
Cash payment to acquire securities	19,500
Notional amount	$ 20,000
Zero-coupon Bank of Canada treasury bills [member] | Weighted average [member]
Statement Line Items [Line Items]
Financial assets, interest rate	2.81%		2.81%
Zero-coupon US Government treasury bills [member]
Statement Line Items [Line Items]
Cash payment to acquire securities	$ 29,900	$ 22.4
Notional amount	$ 30,000		$ 22.5
Financial assets, interest rate	4.18%		4.18%

Note 5 - Loans, Net of Allowa_3

Note 5 - Loans, Net of Allowance for Credit Losses (Details Textual) - Loans [member] - CAD ($)	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Statement Line Items [Line Items]
Total financial assets	$ 3,235,083,000	$ 2,992,678,000	$ 2,215,638,000
Financial assets impaired [member]
Statement Line Items [Line Items]
Total financial assets	$ 1,700,000	$ 279,000

Note 5 - Loans, Net of Allowa_4

Note 5 - Loans, Net of Allowance for Credit Losses - Portfolio Analysis (Details) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022	Oct. 31, 2021
Statement Line Items [Line Items]
Loans, gross	$ 3,221,738	$ 2,979,880	$ 2,208,457
Allowance for credit losses	(2,289)	(1,904)	(1,455)
Accrued interest	15,634	14,702	8,636
Total loans, net of allowance for credit losses	3,235,083	2,992,678	2,215,638
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Loans, gross	2,414,266	2,220,894	1,439,781
Allowance for credit losses	(57)	(54)	(36)	$ (45)
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Loans, gross	752,138	710,369	722,829
Allowance for credit losses	(583)	(545)	(370)	(275)
Commercial real estate loans [member]
Statement Line Items [Line Items]
Loans, gross	12,811	13,165	14,600
Allowance for credit losses	(1,591)	(1,287)	(1,045)	(1,114)
Public sector and other financing [member]
Statement Line Items [Line Items]
Loans, gross	42,523	35,452	31,247
Allowance for credit losses	$ (58)	$ (18)	$ (4)	$ (19)

Note 5 - Loans, Net of Allowa_5

Note 5 - Loans, Net of Allowance for Credit Losses - Summary of Loan, ECL, and EL amounts by lending asset category (Details) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022	Oct. 31, 2021
Statement Line Items [Line Items]
Notional amount	$ 3,221,738	$ 2,979,880	$ 2,208,457
ECL allowance	$ 2,289	$ 1,904	1,455
EL %	0.07%	0.06%
Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 3,131,875	$ 2,862,939
ECL allowance	$ 2,212	$ 1,766	1,359
EL %	0.07%	0.06%
Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 88,181	$ 116,662
ECL allowance	$ 77	$ 138	96
EL %	0.09%	0.12%
Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 1,682	$ 279
ECL allowance	$ 0	$ 0	0
EL %	0%	0%
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Notional amount	$ 2,414,266	$ 2,220,894	1,439,781
ECL allowance	$ 57	$ 54	36	$ 45
EL %	0.44%	0.41%
Point of sale loans and leases [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 2,407,986	$ 2,215,388
ECL allowance	$ 57	$ 54	36	45
EL %	0.44%	0.41%
Point of sale loans and leases [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 4,598	$ 5,227
ECL allowance	$ 0	$ 0	0	0
EL %	0%	0%
Point of sale loans and leases [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 1,682	$ 279
ECL allowance	$ 0	$ 0	0	0
EL %	0%	0%
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Notional amount	$ 752,138	$ 710,369	722,829
ECL allowance	$ 583	$ 545	370	275
EL %	0.02%	0.02%
Commercial real estate mortgages [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 668,730	$ 599,113
ECL allowance	$ 583	$ 545	370	275
EL %	0.02%	0.02%
Commercial real estate mortgages [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 83,408	$ 111,256
ECL allowance	$ 0	$ 0	0	0
EL %	0%	0%
Commercial real estate mortgages [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	0	0
EL %	0%	0%
Commercial real estate loans [member]
Statement Line Items [Line Items]
Notional amount	$ 12,811	$ 13,165	14,600
ECL allowance	$ 1,591	$ 1,287	1,045	1,114
EL %	0.21%	0.18%
Commercial real estate loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 12,811	$ 13,165
ECL allowance	$ 1,517	$ 1,150	949	980
EL %	0.23%	0.19%
Commercial real estate loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 74	$ 137	96	134
EL %	0.09%	0.12%
Commercial real estate loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	0	0
EL %	0%	0%
Public sector and other financing [member]
Statement Line Items [Line Items]
Notional amount	$ 42,523	$ 35,452	31,247
ECL allowance	$ 58	$ 18	4	19
EL %	0.14%	0.05%
Public sector and other financing [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 42,348	$ 35,273
ECL allowance	$ 55	$ 17	4	16
EL %	0.13%	0.05%
Public sector and other financing [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 175	$ 179
ECL allowance	$ 3	$ 1	0	3
EL %	1.71%	0.56%
Public sector and other financing [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	$ 0	$ 0
EL %	0%	0%

Note 5 - Loans, Net of Allowa_6

Note 5 - Loans, Net of Allowance for Credit Losses - Expected Credit Loss Sensitivity (Details) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 2,289	$ 1,904	$ 1,455
Upside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	1,857
Variance from reported ECL	$ (432)
Variance from reported ECL (%)	(19.00%)
Baseline, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 2,772
Variance from reported ECL	$ 483
Variance from reported ECL (%)	21%
Downside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 4,025
Variance from reported ECL	$ 1,736
Variance from reported ECL (%)	76%

Note 5 - Loans, Net of Allowa_7

Note 5 - Loans, Net of Allowance for Credit Losses - Reconciliation of ECL Allowance by Lending Asset Category (Details) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Statement Line Items [Line Items]
Provision for (recovery of) credit losses	$ 385	$ 2
Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,904
Balance at end of period	2,289	1,455
Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,766
Balance at end of period	2,212	1,359
Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	138
Balance at end of period	77	96
Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0
Balance at end of period	0	0
Commercial real estate mortgages [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	545	275
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	38	95
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	38	95
Write-offs	0	0
Recoveries	0	0
Balance at end of period	583	370
Commercial real estate mortgages [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	545	275
Transfer in (out) to Stage 1	38	38
Transfer in (out) to Stage 2	(54)	(58)
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	54	115
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	38	95
Write-offs	0	0
Recoveries	0	0
Balance at end of period	583	370
Commercial real estate mortgages [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	(38)	(38)
Transfer in (out) to Stage 2	54	58
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(16)	(20)
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Commercial real estate mortgages [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Commercial real estate loans [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,287	1,114
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	232	(52)
Loan originations	86	80
Derecognitions and maturities	(14)	(97)
Provision for (recovery of) credit losses	304	(69)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	1,591	1,045
Commercial real estate loans [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,150	980
Transfer in (out) to Stage 1	62	14
Transfer in (out) to Stage 2	(30)	(4)
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	263	(28)
Loan originations	86	80
Derecognitions and maturities	(14)	(93)
Provision for (recovery of) credit losses	367	(31)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	1,517	949
Commercial real estate loans [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	137	134
Transfer in (out) to Stage 1	(62)	(14)
Transfer in (out) to Stage 2	30	4
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(31)	(24)
Loan originations	0	0
Derecognitions and maturities	0	(4)
Provision for (recovery of) credit losses	(63)	(38)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	74	96
Commercial real estate loans [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Point of sale loans and leases [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	54	45
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	3	(9)
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	3	(9)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	57	36
Point of sale loans and leases [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	54	45
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	3	(9)
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	3	(9)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	57	36
Point of sale loans and leases [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Point of sale loans and leases [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Public sector and other financing [member] | Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	18	19
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	13	(14)
Loan originations	27	0
Derecognitions and maturities	0	(1)
Provision for (recovery of) credit losses	40	(15)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	58	4
Public sector and other financing [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	17	16
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	11	(11)
Loan originations	27	0
Derecognitions and maturities	0	(1)
Provision for (recovery of) credit losses	38	(12)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	55	4
Public sector and other financing [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	1	3
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	2	(3)
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	2	(3)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	3	0
Public sector and other financing [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	$ 0	$ 0

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual) - CAD ($)	2 Months Ended
	Feb. 28, 2021	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Statement Line Items [Line Items]
Total intangible assets other than goodwill		$ 9,627,000	$ 9,363,000	$ 8,934,000
Capitilised development costs		$ 6,600,000	$ 6,200,000
Canada Stablecorp Inc.[member]
Statement Line Items [Line Items]
Proportion of ownership interest in associate	11%
Purchase of interests in associates	$ 953,000

Note 6 - Other Assets - Schedul

Note 6 - Other Assets - Schedule of Other Assets (Details) - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Statement Line Items [Line Items]
Accounts receivable	$ 3,406	$ 3,774	$ 2,938
Prepaid expenses and other	12,950	10,213	11,474
Property and equipment	6,698	6,868	6,905
Right-of-use assets	3,948	4,122	4,643
Deferred income tax asset	2,003	2,128	2,868
Interest rate swap	49	0	0
Investment (note 6a)	953	953	953
Goodwill	5,754	5,754	5,754
Intangible assets (note 6b)	9,627	9,363	8,934
Other assets	$ 45,388	$ 43,175	$ 44,469

Note 7 - Subordinated Notes P_3

Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $5.0 million, $500,000 is held by related party (note 14), effective interest rate of 10.41%, maturing March 2029.	$ 4,911	$ 4,908	$ 4,901
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $5.0 million, $500,000 is held by related party (note 14), effective interest rate of 10.41%, maturing March 2029.	97,854	100,043	92,825
Subordinated notes payable [member]
Statement Line Items [Line Items]
Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $5.0 million, $500,000 is held by related party (note 14), effective interest rate of 10.41%, maturing March 2029.	$ 102,765	$ 104,951	$ 97,726

Note 7 - Subordinated Notes P_4

Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) (Parentheticals) - CAD ($)	3 Months Ended		12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Oct. 31, 2022
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Principal amount	$ 5,000,000	$ 5,000,000	$ 5,000,000
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	$ 500,000	$ 500,000	$ 500,000
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Principal amount	$ 75,000,000	$ 75,000,000	$ 75,000,000
Interest rate	5.38%	5.38%	5.38%
Maturity date	May 31, 2031	May 31, 2031	May 31, 2031

Note 8 - Other Liabilities - Sc

Note 8 - Other Liabilities - Schedule of Other Liabilities (Details) - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Statement Line Items [Line Items]
Accounts payable and other	$ 5,482	$ 7,662	$ 6,155
Current income tax liability	1,829	5,797	1,975
Deferred income tax liability	704	786	855
Lease obligations	4,295	4,471	4,944
Cash collateral and amounts held in escrow	7,210	8,006	5,252
Cash reserves on loan and lease receivables	132,776	126,110	114,485
Other liabilities	$ 152,296	$ 152,832	$ 133,666

Note 9 - Share Capital (Details

Note 9 - Share Capital (Details Textual) $ / shares in Units, $ in Millions		3 Months Ended
	Aug. 05, 2022 shares	Jan. 31, 2023 CAD ($) $ / shares shares	Jan. 31, 2023 USD ($) shares	Jan. 31, 2022 CAD ($)	Oct. 31, 2022 shares	Oct. 31, 2021
Statement Line Items [Line Items]
Number of shares issued for offering (in shares)	1,700,000
Shares purchased and cancelled during period (in shares)		822,296	822,296
Proceeds from issue of ordinary shares | $			$ 8.3
Term of share option for share-based payment arrangement (Year)		5 years	5 years
Vesting period of share options for share-based payment arrangement (Year)		3 years	3 years
Maximum number of instruments authorized in share-based payment arrangement (in shares)		1,240,000
Number of share options outstanding in share-based payment arrangement at end of period		963,276		953,730	965,766	40,000
Total expense from share-based payment transactions in which goods or services received did not qualify for recognition as assets | $		$ 343,000		$ 196,000
Number of share options exercisable in share-based payment arrangement		40,000
Weighted average exercise price of share options exercisable in share-based payment arrangement (in CAD per share) | $ / shares		$ 7
Retained earnings [member]
Statement Line Items [Line Items]
Reduction of issued capital | $		$ 1,200,000
Ordinary shares [member]
Statement Line Items [Line Items]
Number of shares outstanding at end of period (in shares)		26,423,486			27,245,782
Ordinary shares [member] | Issued capital [member]
Statement Line Items [Line Items]
Reduction of issued capital | $		$ 7,117,000		$ 0
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

Note 9 - Share Capital - Stock

Note 9 - Share Capital - Stock Option Transactions (Details)	3 Months Ended
	Jan. 31, 2023 $ / shares	Jan. 31, 2022 $ / shares
Statement Line Items [Line Items]
Outstanding, beginning of period	965,766	40,000
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.53	$ 7
Granted	1,500	913,730
Granted, weighted average exercise price (in CAD per share)	$ 15.90	$ 15.90
Exercised	0	0
Exercised, weighted average exercise price (in CAD per share)	$ 0	$ 0
Forfeited/cancelled	3,990	0
Forfeired/cancelled, weighted average exercise price (in CAD per share)	$ 15.90	$ 0
Expired	0	0
Expired, weighted average exercise price (in CAD per share)	$ 0	$ 0
Outstanding, end of period	963,276	953,730
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.53	$ 15.53

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision (Details Textual) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Statement Line Items [Line Items]
Tax income (expense)	$ 3,781	$ 2,062
Applicable tax rate	27%	27%

Note 11 - Income Per Common S_3

Note 11 - Income Per Common Share (Details Textual)	3 Months Ended
	Jan. 31, 2023 shares
Statement Line Items [Line Items]
Dilutive effect of share options on number of ordinary shares (in shares)	40,000

Note 11 - Income Per Common S_4

Note 11 - Income Per Common Share - Basic and Diluted Income Per Common Share (Details) - CAD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Statement Line Items [Line Items]
Net income (loss)	$ 9,417	$ 5,566
Less: dividends on preferred shares	(247)	(247)
Profit (loss), attributable to ordinary equity holders of parent entity	$ 9,170	$ 5,319
Weighted average number of common shares outstanding (in shares)	27,025,317	27,441,082
Income per common share: (in CAD per share)	$ 0.34	$ 0.19

Note 12 - Derivative Instrume_2

Note 12 - Derivative Instruments (Details Textual) - Interest rate swap contract [member] - CAD ($)	Jan. 31, 2023	Oct. 31, 2022
Statement Line Items [Line Items]
Notional amount	$ 7,900,000	$ 0
Financial assets qualified for hedge accounting	7,900,000	0
Other assets [member]
Statement Line Items [Line Items]
Total financial assets	$ 49,000	$ 0

Note 13 - Commitments and Con_3

Note 13 - Commitments and Contingencies - Credit Related Commitments (Details) - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Statement Line Items [Line Items]
Credit commitments	$ 404,883	$ 443,124	$ 366,895
Loan commitments [member]
Statement Line Items [Line Items]
Credit commitments	346,747	382,851	315,764
Letters of credit [member]
Statement Line Items [Line Items]
Credit commitments	$ 58,136	$ 60,273	$ 51,131

Note 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - CAD ($)	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Oct. 31, 2022
Statement Line Items [Line Items]
Revenue from rendering of services, related party transactions	$ 24,000	$ 24,000
Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount	5
Key management personnel of entity or parent [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	1,300,000		$ 1,300,000
Allowance account for credit losses of financial assets at end of period	0		0
Key management personnel of entity or parent [member] | Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount	500,000
Corporation controlled by key management personnel [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	$ 3,400,000		$ 3,900,000

Note 15 - Capital Management (D

Note 15 - Capital Management (Details Textual)	Jan. 31, 2023
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%
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%

Note 15 - Capital Management -

Note 15 - Capital Management - Risk-based Capital Ratios (Details) - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Statement Line Items [Line Items]
Directly issued capital instruments	$ 232,512	$ 239,629	$ 241,321
Contributed surplus	1,955	1,612	341
Retained earnings	116,638	109,335	95,276
Accumulated other comprehensive income	72	99	13
Regulatory capital		448,575
Total risk-weighted assets		$ 2,714,902
CET1 capital ratio		16.52%
Total assets	3,531,690	$ 3,265,998	$ 2,415,346
Transitional [member]
Statement Line Items [Line Items]
Regulatory capital	447,472
Total risk-weighted assets	$ 2,917,048
CET1 capital ratio	15.34%
Basel III [member]
Statement Line Items [Line Items]
Total assets		3,265,998
Total on-balance sheet exposures		3,254,627
Total off-balance sheet exposure at gross notional amount	$ 404,883	443,124
Adjustments for conversion to credit equivalent amount		251,101
Total off-balance sheet exposures	172,481	192,023
Total exposures		$ 3,446,650
Leverage ratio		9.84%
Basel III [member] | Transitional [member]
Statement Line Items [Line Items]
Total assets	3,531,690
Total on-balance sheet exposures	3,520,571
Adjustments for conversion to credit equivalent amount	232,402
Total exposures	$ 3,693,052
Leverage ratio	9.21%
Common equity tier 1 [member]
Statement Line Items [Line Items]
Directly issued capital instruments		$ 225,982
Contributed surplus		1,612
Retained earnings		109,335
Accumulated other comprehensive income		99
Regulatory capital before adjustments		337,028
Adjustments to capital	$ (11,119)	(11,371)
Regulatory capital		$ 325,657
CET1 capital ratio		12%
Common equity tier 1 [member] | Transitional [member]
Statement Line Items [Line Items]
Directly issued capital instruments	218,865
Contributed surplus	1,955
Retained earnings	116,638
Accumulated other comprehensive income	72
Regulatory capital before adjustments	337,530
Adjustments to capital	(11,119)
Regulatory capital	$ 326,411
CET1 capital ratio	11.19%
Capital Tier 1 [member]
Statement Line Items [Line Items]
Directly issued capital instruments		$ 13,647
Regulatory capital		$ 339,304
CET1 capital ratio		12.50%
Capital Tier 1 [member] | Transitional [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 13,647
Regulatory capital	$ 340,058
CET1 capital ratio	11.66%
Tier 2 capital [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 105,125	$ 107,367
Regulatory capital before adjustments		107,367
Adjustments to capital		1,904
Regulatory capital		$ 109,271
Tier 2 capital [member] | Transitional [member]
Statement Line Items [Line Items]
Regulatory capital before adjustments	105,125
Adjustments to capital	2,289
Regulatory capital	$ 107,414

Note 16 - Interest Rate Risk _3

Note 16 - Interest Rate Risk Position - Analysis of Sensitivity to Market Interest Rates (Details) - Interest rate risk [member] - CAD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 31, 2023	Oct. 31, 2022
Increase 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ 4,156	$ 4,304
Duration difference between assets and liabilities (months) (Month)	2 months 18 days	1 month 12 days
Decrease 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ (4,168)	$ (4,261)

Note 17 - Fair Value of Finan_3

Note 17 - Fair Value of Financial Instruments - Fair Value of Financial Instruments (Details) - CAD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022
Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, book value	$ 2,925,452	$ 2,657,540
Liabilities, fair value	2,866,985	2,561,421
Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, book value	102,765	104,951
Liabilities, fair value	105,125	107,367
Other liabilities [member]
Statement Line Items [Line Items]
Liabilities, book value	149,763	146,249
Liabilities, fair value	149,763	146,249
Cash and cash equivalents [member]
Statement Line Items [Line Items]
Assets, book value	201,372	88,581
Assets, fair value	201,372	88,581
Securities [member]
Statement Line Items [Line Items]
Assets, book value	49,847	141,564
Assets, fair value	49,847	141,564
Loans, net [member]
Statement Line Items [Line Items]
Assets, book value	3,235,083	2,992,678
Assets, fair value	3,208,534	2,963,676
Investment in Stablecorp [member]
Statement Line Items [Line Items]
Assets, book value	953	953
Assets, fair value	$ 953	$ 953

Note 18 - Operating Segmentat_3

Note 18 - Operating Segmentation (Details Textual)	3 Months Ended
	Jan. 31, 2023
Statement Line Items [Line Items]
Number of segments	2

Note 18 - Operating Segmentat_4

Note 18 - Operating Segmentation - Results of Reportable Operating Segments (Details) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Oct. 31, 2022
Statement Line Items [Line Items]
Net interest income	$ 24,274	$ 16,885
Non-interest income	1,644	1,381
Total revenue	25,918	18,266
Provision for credit losses	385	2
Revenue less provision for credit loss	25,533	18,264
Non-interest expenses:
Salaries and benefits	8,257	6,083
General and administrative	3,126	3,624
Premises and equipment	952	929
Noninterest expense	12,335	10,636
Income (loss) before income taxes	13,198	7,628
Income tax provision	3,781	2,062
Net income (loss)	9,417	5,566
Total assets	3,531,690	2,415,346	$ 3,265,998
Total liabilities	3,180,513	2,078,395	$ 2,915,323
Elimination of intersegment amounts [member]
Statement Line Items [Line Items]
Net interest income	0	0
Non-interest income	(191)	(41)
Total revenue	(191)	(41)
Provision for credit losses	0	0
Revenue less provision for credit loss	(191)	(41)
Non-interest expenses:
Salaries and benefits	0	0
General and administrative	(191)	(41)
Premises and equipment	0	0
Noninterest expense	(191)	(41)
Income (loss) before income taxes	0	0
Income tax provision	0	0
Net income (loss)	0	0
Total assets	(14,386)	(20,588)
Total liabilities	(21,435)	(19,443)
Banking segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	24,274	16,885
Non-interest income	2	0
Total revenue	24,276	16,885
Provision for credit losses	385	2
Revenue less provision for credit loss	23,891	16,883
Non-interest expenses:
Salaries and benefits	6,684	5,440
General and administrative	2,862	3,482
Premises and equipment	623	582
Noninterest expense	10,169	9,504
Income (loss) before income taxes	13,722	7,379
Income tax provision	3,789	1,961
Net income (loss)	9,933	5,418
Total assets	3,522,279	2,412,167
Total liabilities	3,174,197	2,072,691
Cybersecurity segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	0	0
Non-interest income	1,833	1,422
Total revenue	1,833	1,422
Provision for credit losses	0	0
Revenue less provision for credit loss	1,833	1,422
Non-interest expenses:
Salaries and benefits	1,573	643
General and administrative	455	183
Premises and equipment	329	347
Noninterest expense	2,357	1,173
Income (loss) before income taxes	(524)	249
Income tax provision	(8)	101
Net income (loss)	(516)	148
Total assets	23,797	23,767
Total liabilities	$ 27,751	$ 25,147