VersaBank (VBNK) 6-K 7 Jun 23 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	Apr. 30, 2023
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, 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	Apr. 30, 2023	Oct. 31, 2022	Apr. 30, 2022
Assets
Cash	$ 223,661	$ 88,581	$ 198,157
Securities (note 4)	39,652	141,564	0
Loans, net of allowance for credit losses (note 5)	3,419,455	2,992,678	2,450,276
Other assets (note 6)	46,625	43,175	43,713
Total assets	3,729,393	3,265,998	2,692,146
Liabilities and Shareholders' Equity
Deposits	3,108,218	2,657,540	2,124,916
Subordinated notes payable (note 7)	104,532	104,951	98,410
Other liabilities (note 8)	160,124	152,832	127,406
Total liabilities	3,372,874	2,915,323	2,350,732
Shareholders' equity:
Share capital (note 9)	228,880	239,629	241,321
Contributed surplus	2,147	1,612	765
Retained earnings	125,398	109,335	99,285
Accumulated other comprehensive income	94	99	43
Total equity	356,519	350,675	341,414
Total equity and liabilities	$ 3,729,393	$ 3,265,998	$ 2,692,146

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Interest income:
Loans	$ 50,704	$ 25,472	$ 97,559	$ 49,986
Other	2,891	376	5,597	582
Interest income	53,595	25,848	103,156	50,568
Interest expense:
Deposits and other	27,534	7,239	51,375	13,708
Subordinated notes	1,452	1,367	2,898	2,733
Interest expense	28,986	8,606	54,273	16,441
Net interest income	24,609	17,242	48,883	34,127
Non-interest income	2,076	1,393	3,720	2,774
Total revenue	26,685	18,635	52,603	36,901
Provision for credit losses (note 5)	237	78	622	80
Revenue less provision for credit loss	26,448	18,557	51,981	36,821
Non-interest expenses:
Salaries and benefits	8,429	6,726	16,686	12,809
General and administrative	3,316	4,019	6,442	7,643
Premises and equipment	981	1,022	1,933	1,951
Noninterest expense	12,726	11,767	25,061	22,403
Income before income taxes	13,722	6,790	26,920	14,418
Income tax provision (note 10)	3,459	1,847	7,240	3,909
Net income	10,263	4,943	19,680	10,509
Other comprehensive income (loss):
Items that may subsequently be reclassified to net income: Foreign exchange gain (loss) on translation of foreign operations	22	30	(5)	47
Comprehensive income	$ 10,285	$ 4,973	$ 19,675	$ 10,556
Basic and diluted income per common share (note 11) (in CAD per share)	$ 0.38	$ 0.17	$ 0.72	$ 0.36

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - CAD ($) $ in Thousands	Total	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	$ 13,647	$ 145	$ 90,644	$ (4)
Statement Line Items [Line Items]
Purchased and cancelled during the period		0
Stock-based compensation (note 9)				620
Adjustment for purchased and cancelled common shares					0
Net income (loss)	$ 10,509				10,509
Dividends paid on common and preferred shares					(1,868)
Other comprehensive income (loss)						47
Balance, end of the period at Apr. 30, 2022	341,414	227,674	241,321	765	99,285	43
Balance at Jan. 31, 2022		227,674	13,647	341	95,276	13
Statement Line Items [Line Items]
Purchased and cancelled during the period		0
Stock-based compensation (note 9)				424
Adjustment for purchased and cancelled common shares					0
Net income (loss)	4,943				4,943
Dividends paid on common and preferred shares					(934)
Other comprehensive income (loss)						30
Balance, end of the period at Apr. 30, 2022	341,414	227,674	241,321	765	99,285	43
Balance at Oct. 31, 2022	350,675	225,982	13,647	1,612	109,335	99
Statement Line Items [Line Items]
Purchased and cancelled during the period	(12,600)	(10,749)
Stock-based compensation (note 9)				535
Adjustment for purchased and cancelled common shares					(1,809)
Net income (loss)	19,680				19,680
Dividends paid on common and preferred shares					(1,808)
Other comprehensive income (loss)						(5)
Balance, end of the period at Apr. 30, 2023	356,519	215,233	228,880	2,147	125,398	94
Balance at Jan. 31, 2023		218,865	13,647	1,955	116,638	72
Statement Line Items [Line Items]
Purchased and cancelled during the period	(4,200)	(3,632)
Stock-based compensation (note 9)				192
Adjustment for purchased and cancelled common shares					(605)
Net income (loss)	10,263				10,263
Dividends paid on common and preferred shares					(898)
Other comprehensive income (loss)						22
Balance, end of the period at Apr. 30, 2023	$ 356,519	$ 215,233	$ 228,880	$ 2,147	$ 125,398	$ 94

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - CAD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Cash provided by (used in):
Net income (loss)	$ 19,680	$ 10,509
Adjustments to determine net cash flows:
Provision for credit losses	622	80
Stock-based compensation	535	620
Income tax provision	7,240	3,909
Interest income	(103,156)	(50,568)
Interest expense	54,273	16,441
Amortization	917	973
Accretion of discount on securities	(533)	0
Foreign exchange rate change on assets and liabilities	(998)	1,888
Interest received	99,251	47,681
Interest paid	(40,680)	(19,329)
Income taxes paid	(10,264)	(4,182)
Securities	101,768	0
Loans	(423,843)	(344,431)
Deposits	437,199	274,708
Change in other assets and liabilities	13,364	(10,326)
Net cash flows from (used in) operating activities	155,375	(72,027)
Purchase of property and equipment	(338)	(195)
Net cash flows from (used in) investing activities	(338)	(195)
Financing:
Purchase and cancellation of common shares	(12,558)	0
Dividends paid	(1,808)	(1,868)
Repayment of lease obligations	(351)	(448)
Net cash flows from (used in) financing activities	(14,717)	(2,316)
Change in cash	140,320	(74,538)
Effect of exchange rate changes on cash	(5,240)	1,172
Cash, beginning of the period	88,581	271,523
Cash, end of the period	$ 223,661	$ 198,157

Note 1 - Reporting Entity

Note 1 - Reporting Entity	6 Months Ended
	Apr. 30, 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	6 Months Ended
	Apr. 30, 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 six April 30, 2023 2022 June 5, 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, 6, may Available forward-looking information, including forecast macroeconomic indicator and industry performance trend data continues to be 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	6 Months Ended
	Apr. 30, 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 hedge risk is recorded as part of the carrying value of the hedged item (basis adjustment) and is also recognized in non-interest income 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 the 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	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	4. Securities: As at April 30, 2023, October 31, 2022 - May 25, 2023 , , US$14.4 US$14.5 May 2, 2023 ,

Note 5 - Loans, Net of Allowanc

Note 5 - Loans, Net of Allowance for Credit Losses	6 Months Ended
	Apr. 30, 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 ) Summary of loans and allowance for credit losses: (thousands of Canadian dollars) April 30 October 31 April 30 2023 2022 2022 Point-of-sale loans and leases $ 2,538,917 $ 2,220,894 $ 1,610,336 Commercial real estate mortgages 807,828 710,369 782,274 Commercial real estate loans 11,996 13,165 14,065 Public sector and other financing 46,350 35,452 35,529 3,405,091 2,979,880 2,442,204 Allowance for credit losses (2,526 ) (1,904 ) (1,533 ) Accrued interest 16,890 14,702 9,605 Total loans, net of allowance for credit losses $ 3,419,455 $ 2,992,678 $ 2,450,276 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, 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 $ 2,527,006 $ 7,481 $ 4,430 $ 2,538,917 $ 2,215,388 $ 5,227 $ 279 $ 2,220,894 ECL allowance 627 - - 627 545 - - 545 EL % 0.02 % 0.00 % 0.00 % 0.02 % 0.02 % 0.00 % 0.00 % 0.02 % Commercial real estate mortgages $ 741,980 $ 50,937 $ 14,911 $ 807,828 $ 599,113 $ 111,256 $ - $ 710,369 ECL allowance 1,647 120 - 1,767 1,150 137 - 1,287 EL % 0.22 % 0.24 % 0.00 % 0.22 % 0.19 % 0.12 % 0.00 % 0.18 % Commercial real estate loans $ 11,996 $ - $ - $ 11,996 $ 13,165 $ - $ - $ 13,165 ECL allowance 59 - - 59 54 - - 54 EL % 0.49 % 0.00 % 0.00 % 0.49 % 0.41 % 0.00 % 0.00 % 0.41 % Public sector and other financing $ 46,178 $ 172 $ - $ 46,350 $ 35,273 $ 179 $ - $ 35,452 ECL allowance 70 3 - 73 17 1 - 18 EL % 0.15 % 1.74 % 0.00 % 0.16 % 0.05 % 0.56 % 0.00 % 0.05 % Total loans $ 3,327,160 $ 58,590 $ 19,341 $ 3,405,091 $ 2,862,939 $ 116,662 $ 279 $ 2,979,880 Total ECL allowance 2,403 123 - 2,526 1,766 138 - 1,904 Total EL % 0.07 % 0.21 % 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. The ECL calculation is a function of the credit risk parameters; probability of default, loss given default, and exposure at default associated with each loan, sensitized to future market and macroeconomic conditions through the incorporation of forward-looking information derived from multiple economic forecast scenarios, including baseline, upside, and downside scenarios. The Bank’s ECL or impairment model develops contractual cashflow profiles for loans as a function of a number of underlying assumptions and a broad range of input variables. The expected cashflow schedules are subsequently derived from the contractual cashflow schedules, adjusted for incremental default amounts, forgone interest, and recovery amounts. The finalized contractual and expected cashflow schedules are subsequently discounted at the effective interest rate to determine the expected cash shortfall or expected credit losses for each individual loan or financial instrument. The ECL model estimates 12 not Loans or other financial instruments that have not 1, 2, 3. Individual allowances are estimated for loans or financial instruments that are determined to be credit impaired and that have been designated as stage 3. may may not 90 3, 3 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: elevated inflation and interest rates strain household finances; rate-sensitive sectors such as housing are negatively impacted as sales and prices decline over the course of 2023 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%, April 30, 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 April 30, 2023: (thousands of Canadian dollars) Reported 100% 100% 100% ECL Upside Baseline Downside Allowance for expected credit losses $ 2,526 $ 1,857 $ 2,428 $ 3,334 Variance from reported ECL (669 ) (98 ) 808 Variance from reported ECL (%) (26% ) (4% ) 32 % The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three April 30, 2023: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 583 $ - $ - $ 583 Transfer in (out) to Stage 1 32 (32 ) - - Transfer in (out) to Stage 2 (118 ) 118 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 130 (86 ) - 44 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 44 - - 44 Write-offs - - - - Recoveies - - - - Balance at end of period $ 627 $ - $ - $ 627 Commercial real estate mortgages Balance at beginning of period $ 1,517 $ 74 $ - $ 1,591 Transfer in (out) to Stage 1 17 (17 ) - - Transfer in (out) to Stage 2 (88 ) 88 - - Transfer in (out) to Stage 3 - (13 ) 13 - Net remeasurement of loss allowance 159 (7 ) (13 ) 139 Loan originations 63 - - 63 Derecognitions and maturities (21 ) (5 ) - (26 ) Provision for (recovery of) credit losses 130 46 - 176 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,647 $ 120 $ - $ 1,767 Commercial real estate loans 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 2 - - 2 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 2 - - 2 Write-offs - - - - Recoveries - - - - Balance at end of period $ 59 $ - $ - $ 59 Public sector and other financing Balance at beginning of period $ 55 $ 3 $ - $ 58 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (1 ) - - (1 ) Loan originations 16 - - 16 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 15 - - 15 Write-offs - - - - Recoveries - - - - Balance at end of period $ 70 $ 3 $ - $ 73 Total balance at end of period $ 2,403 $ 123 $ - $ 2,526 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, 2022: (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 70 (70 ) - - Transfer in (out) to Stage 2 (172 ) 172 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 184 (102 ) - 82 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 82 - - 82 Write-offs - - - - Recoveries - - - - Balance at end of period $ 627 $ - $ - $ 627 Commercial real estate mortgages Balance at beginning of period $ 1,150 $ 137 $ - $ 1,287 Transfer in (out) to Stage 1 79 (79 ) - - Transfer in (out) to Stage 2 (118 ) 118 - - Transfer in (out) to Stage 3 - (13 ) 13 - Net remeasurement of loss allowance 422 (38 ) (13 ) 371 Loan originations 149 - - 149 Derecognitions and maturities (35 ) (5 ) - (40 ) Provision for (recovery of) credit losses 497 (17 ) - 480 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,647 $ 120 $ - $ 1,767 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 5 - - 5 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 5 - - 5 Write-offs - - - - Recoveries - - - - Balance at end of period $ 59 $ - $ - $ 59 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 10 2 - 12 Loan originations 43 - - 43 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 53 2 - 55 Write-offs - - - - Recoveries - - - - Balance at end of period $ 70 $ 3 $ - $ 73 Total balance at end of period $ 2,403 $ 123 $ - $ 2,526 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

Note 6 - Other Assets

Note 6 - Other Assets	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of other assets [text block]	6. Other assets: (thousands of Canadian dollars) April 30 October 31 April 30 2023 2022 2022 Accounts receivable $ 3,070 $ 3,774 $ 3,750 Prepaid expenses and other 13,593 10,213 10,448 Property and equipment 6,833 6,868 6,872 Right-of-use assets 3,775 4,122 4,470 Deferred tax asset 2,269 2,128 2,315 Interest rate swap 103 - - Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets (note 6b) 10,275 9,363 9,151 $ 46,625 $ 43,175 $ 43,713 a) In February 2021, not b) As at April 30, 2023, October 31, 2022 - October 31, 2022 -

Note 7 - Subordinated Notes Pay

Note 7 - Subordinated Notes Payable	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of borrowings [text block]	7. Subordinated notes payable: (thousands of Canadian dollars) April 30 October 31 April 30 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 $ 4,913 $ 4,908 $ 4,903 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $ 75.0 5.38 May 2031 99,619 100,043 93,507 $ 104,532 $ 104,951 $ 98,410

Note 8 - Other Liabilities

Note 8 - Other Liabilities	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of other liabilities [text block]	8. Other liabilities: (thousands of Canadian dollars) April 30 October 31 April 30 2023 2022 2022 Accounts payable and other $ 4,045 $ 7,662 $ 5,738 Current income tax liability 2,773 5,797 2,126 Deferred tax liability 681 786 812 Lease obligations 4,120 4,471 4,776 Cash collateral and amounts held in escrow 6,746 8,006 5,833 Cash reserves on loan and lease receivables 141,759 126,110 108,121 $ 160,124 $ 152,832 $ 127,406

Note 9 - Share Capital

Note 9 - Share Capital	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of classes of share capital [text block]	9. Share capital: a) Common shares: At April 30, 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 April 30, 2023, For the six April 30, 2023, b) Preferred shares: At April 30, 2023, October 31, 2022 - 1 1 15 c) Stock options Stock option transactions during the three six April 30, 2023 2022: for the three months ended for the six months ended April 30, 2023 April 30, 2022 April 30, 2023 April 30, 2022 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 963,276 $ 15.53 953,730 $ 15.53 965,766 $ 15.53 40,000 $ 7.00 Granted - - - - 1,500 15.90 913,730 15.90 Exercised - - - - - - - - Forfeited/cancelled (10,500 ) 15.90 - - (14,490 ) 15.90 - - Expired - - - - - - - - Outstanding, end of period 952,776 $ 15.53 953,730 $ 15.53 952,776 $ 15.53 953,730 $ 15.53 For the three six April 30, 2023, April 30, 2022 - April 30, 2022 -

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of income tax [text block]	10. Income tax provision: Income tax provision for the three six April 30, 2023 April 30, 2022 - April 30, 2022 - not 2022 not

Note 11 - Income Per Common Sha

Note 11 - Income Per Common Share	6 Months Ended
	Apr. 30, 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 for the six months ended April 30 April 30 April 30 April 30 2023 2022 2023 2022 Net income $ 10,263 $ 4,943 $ 19,680 $ 10,509 Less: dividends on preferred shares (247 ) (247 ) (494 ) (494 ) 10,016 4,696 19,186 10,015 Weighted average number of common shares outstanding 26,170,621 27,441,082 26,605,052 27,441,082 Income per common share: $ 0.38 $ 0.17 $ 0.72 $ 0.36 Common shares associated with the Series 1

Note 12 - Derivative Instrument

Note 12 - Derivative Instruments	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	4. Securities: As at April 30, 2023, October 31, 2022 - May 25, 2023 , , US$14.4 US$14.5 May 2, 2023 ,
Derivatives [member]
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	12. Derivative instruments: At April 30, 2023, October 31, 2022 - $nil October 31, 2022 - $nil not April 30, 2023, October 31, 2022 - $nil

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	6 Months Ended
	Apr. 30, 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) April 30 October 31 April 30 2023 2022 2022 Loan commitments $ 378,309 $ 382,851 $ 312,125 Letters of credit 78,866 60,273 54,655 $ 457,175 $ 443,124 $ 366,780

Note 14 - Related Party Transac

Note 14 - Related Party Transactions	6 Months Ended
	Apr. 30, 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 April 30, 2023, October 31, 2022 - October 31, 2022 - three six April 30, 2023, April 30, 2022 - April 30, 2022 - October 31, 2022 - $nil April 30, 2023. March 2019, 7

Note 15 - Capital Management

Note 15 - Capital Management	6 Months Ended
	Apr. 30, 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 period ended April 30, 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) April 30 October 31 2023 2022 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 215,233 $ 225,982 Contributed surplus 2,147 1,612 Retained earnings 125,398 109,335 Accumulated other comprehensive income 94 99 CET1 before regulatory adjustments 342,872 337,028 Regulatory adjustments applied to CET1 (11,258 ) (11,371 ) Common Equity Tier 1 capital $ 331,614 $ 325,657 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 345,261 $ 339,304 Tier 2 capital Directly issued Tier 2 capital instruments $ 106,835 $ 107,367 Tier 2 capital before regulatory adjustments 106,835 107,367 Eligible stage 1 and stage 2 allowance 2,526 1,904 Total Tier 2 capital $ 109,361 $ 109,271 Total regulatory capital $ 454,622 $ 448,575 Total risk-weighted assets $ 2,957,933 $ 2,714,902 Capital ratios CET1 capital ratio 11.21 % 12.00 % Tier 1 capital ratio 11.67 % 12.50 % Total capital ratio 15.37 % 16.52 % As at April 30, 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) April 30 October 31 2023 2022 On-balance sheet assets $ 3,729,393 $ 3,265,998 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,258 ) (11,371 ) Total on-balance sheet exposures 3,718,135 3,254,627 Total off-balance sheet exposure at gross notional amount $ 457,175 $ 443,124 Adjustments for conversion to credit equivalent amount (266,913 ) (251,101 ) Total off-balance sheet exposures 190,262 192,023 Tier 1 capital 345,261 339,304 Total exposures 3,908,397 3,446,650 Leverage ratio 8.83 % 9.84 % As at April 30, 2023 October 31, 2022,

Note 16 - Interest Rate Risk Po

Note 16 - Interest Rate Risk Position	6 Months Ended
	Apr. 30, 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) April 30, 2023 October 31, 2022 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 $ 5,323 $ (5,334 ) $ 4,304 $ (4,261 ) Duration difference between assets and liabilities (months) 3.1 1.4

Note 17 - Fair Value of Financi

Note 17 - Fair Value of Financial Instruments	6 Months Ended
	Apr. 30, 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 April 30, 2023 October 31, 2022 Carrying Fair Carrying Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash $ 223,661 $ 223,661 $ 88,581 $ 88,581 Securities 39,652 39,652 141,564 141,564 Loans 3,419,455 3,409,081 2,992,678 2,963,676 Other 4,126 4,126 4,727 4,727 Liabilities Deposits $ 3,108,218 $ 3,065,051 $ 2,657,540 $ 2,561,421 Subordinated notes payable 104,532 106,835 104,951 107,367 Other 156,670 156,670 146,249 146,249

Note 18 - Operating Segmentatio

Note 18 - Operating Segmentation	6 Months Ended
	Apr. 30, 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 six April 30, 2023 2022: (thousands of Canadian dollars) for the three months ended April 30, 2023 April 30, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 24,609 $ - $ - $ 24,609 $ 17,242 $ - $ - $ 17,242 Non-interest income 122 2,146 (192 ) 2,076 1 1,434 (42 ) 1,393 Total revenue 24,731 2,146 (192 ) 26,685 17,243 1,434 (42 ) 18,635 Provision for credit losses 237 - - 237 78 - - 78 24,494 2,146 (192 ) 26,448 17,165 1,434 (42 ) 18,557 Non-interest expenses: Salaries and benefits 6,930 1,499 - 8,429 5,586 1,140 - 6,726 General and administrative 3,131 377 (192 ) 3,316 3,761 300 (42 ) 4,019 Premises and equipment 612 369 - 981 659 363 - 1,022 10,673 2,245 (192 ) 12,726 10,006 1,803 (42 ) 11,767 Income (loss) before income taxes 13,821 (99 ) - 13,722 7,159 (369 ) - 6,790 Income tax provision 3,991 (532 ) - 3,459 1,744 103 - 1,847 Net income (loss) $ 9,830 $ 433 $ - $ 10,263 $ 5,415 $ (472 ) $ - $ 4,943 Total assets $ 3,719,592 $ 25,559 $ (15,758 ) $ 3,729,393 $ 2,692,510 $ 21,386 $ (21,750 ) $ 2,692,146 Total liabilities $ 3,366,614 $ 29,057 $ (22,797 ) $ 3,372,874 $ 2,347,610 $ 23,727 $ (20,605 ) $ 2,350,732 (thousands of Canadian dollars) for the six months ended April 30, 2023 April 30, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 48,883 $ - $ - $ 48,883 $ 34,127 $ - $ - $ 34,127 Non-interest income 124 3,979 (383 ) 3,720 2 2,855 (83 ) 2,774 Total revenue 49,007 3,979 (383 ) 52,603 34,129 2,855 (83 ) 36,901 Provision for (recovery of) credit losses 622 - - 622 80 - - 80 48,385 3,979 (383 ) 51,981 34,049 2,855 (83 ) 36,821 Non-interest expenses: Salaries and benefits 13,614 3,072 - 16,686 11,025 1,784 - 12,809 General and administrative 5,993 832 (383 ) 6,442 7,243 483 (83 ) 7,643 Premises and equipment 1,235 698 - 1,933 1,241 710 - 1,951 20,842 4,602 (383 ) 25,061 19,509 2,977 (83 ) 22,403 Income (loss) before income taxes 27,543 (623 ) - 26,920 14,540 (122 ) - 14,418 Income tax provision 7,780 (540 ) - 7,240 3,706 203 - 3,909 Net income (loss) $ 19,763 $ (83 ) $ - $ 19,680 $ 10,834 $ (325 ) $ - $ 10,509 Total assets $ 3,719,592 $ 25,559 $ (15,758 ) $ 3,729,393 $ 2,692,510 $ 21,386 $ (21,750 ) $ 2,692,146 Total liabilities $ 3,366,614 $ 29,057 $ (22,797 ) $ 3,372,874 $ 2,347,610 $ 23,727 $ (20,605 ) $ 2,350,732 The Bank has operations in the US, through both its Digital Banking and DRTC businesses; however as at April 30, 2023,

Note 19 - Comparative Balances

Note 19 - Comparative Balances	6 Months Ended
	Apr. 30, 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.

Note 5 - Loans, Net of Allowa_2

Note 5 - Loans, Net of Allowance for Credit Losses (Tables)	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Discosure of loans, net [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 2023 2022 2022 Point-of-sale loans and leases $ 2,538,917 $ 2,220,894 $ 1,610,336 Commercial real estate mortgages 807,828 710,369 782,274 Commercial real estate loans 11,996 13,165 14,065 Public sector and other financing 46,350 35,452 35,529 3,405,091 2,979,880 2,442,204 Allowance for credit losses (2,526 ) (1,904 ) (1,533 ) Accrued interest 16,890 14,702 9,605 Total loans, net of allowance for credit losses $ 3,419,455 $ 2,992,678 $ 2,450,276
Disclosure of loans by lending asset category [text block]	As at April 30, 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 $ 2,527,006 $ 7,481 $ 4,430 $ 2,538,917 $ 2,215,388 $ 5,227 $ 279 $ 2,220,894 ECL allowance 627 - - 627 545 - - 545 EL % 0.02 % 0.00 % 0.00 % 0.02 % 0.02 % 0.00 % 0.00 % 0.02 % Commercial real estate mortgages $ 741,980 $ 50,937 $ 14,911 $ 807,828 $ 599,113 $ 111,256 $ - $ 710,369 ECL allowance 1,647 120 - 1,767 1,150 137 - 1,287 EL % 0.22 % 0.24 % 0.00 % 0.22 % 0.19 % 0.12 % 0.00 % 0.18 % Commercial real estate loans $ 11,996 $ - $ - $ 11,996 $ 13,165 $ - $ - $ 13,165 ECL allowance 59 - - 59 54 - - 54 EL % 0.49 % 0.00 % 0.00 % 0.49 % 0.41 % 0.00 % 0.00 % 0.41 % Public sector and other financing $ 46,178 $ 172 $ - $ 46,350 $ 35,273 $ 179 $ - $ 35,452 ECL allowance 70 3 - 73 17 1 - 18 EL % 0.15 % 1.74 % 0.00 % 0.16 % 0.05 % 0.56 % 0.00 % 0.05 % Total loans $ 3,327,160 $ 58,590 $ 19,341 $ 3,405,091 $ 2,862,939 $ 116,662 $ 279 $ 2,979,880 Total ECL allowance 2,403 123 - 2,526 1,766 138 - 1,904 Total EL % 0.07 % 0.21 % 0.00 % 0.07 % 0.06 % 0.12 % 0.00 % 0.06 % (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 583 $ - $ - $ 583 Transfer in (out) to Stage 1 32 (32 ) - - Transfer in (out) to Stage 2 (118 ) 118 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 130 (86 ) - 44 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 44 - - 44 Write-offs - - - - Recoveies - - - - Balance at end of period $ 627 $ - $ - $ 627 Commercial real estate mortgages Balance at beginning of period $ 1,517 $ 74 $ - $ 1,591 Transfer in (out) to Stage 1 17 (17 ) - - Transfer in (out) to Stage 2 (88 ) 88 - - Transfer in (out) to Stage 3 - (13 ) 13 - Net remeasurement of loss allowance 159 (7 ) (13 ) 139 Loan originations 63 - - 63 Derecognitions and maturities (21 ) (5 ) - (26 ) Provision for (recovery of) credit losses 130 46 - 176 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,647 $ 120 $ - $ 1,767 Commercial real estate loans 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 2 - - 2 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 2 - - 2 Write-offs - - - - Recoveries - - - - Balance at end of period $ 59 $ - $ - $ 59 Public sector and other financing Balance at beginning of period $ 55 $ 3 $ - $ 58 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (1 ) - - (1 ) Loan originations 16 - - 16 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 15 - - 15 Write-offs - - - - Recoveries - - - - Balance at end of period $ 70 $ 3 $ - $ 73 Total balance at end of period $ 2,403 $ 123 $ - $ 2,526 (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 $ 545 $ - $ - $ 545 Transfer in (out) to Stage 1 70 (70 ) - - Transfer in (out) to Stage 2 (172 ) 172 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 184 (102 ) - 82 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 82 - - 82 Write-offs - - - - Recoveries - - - - Balance at end of period $ 627 $ - $ - $ 627 Commercial real estate mortgages Balance at beginning of period $ 1,150 $ 137 $ - $ 1,287 Transfer in (out) to Stage 1 79 (79 ) - - Transfer in (out) to Stage 2 (118 ) 118 - - Transfer in (out) to Stage 3 - (13 ) 13 - Net remeasurement of loss allowance 422 (38 ) (13 ) 371 Loan originations 149 - - 149 Derecognitions and maturities (35 ) (5 ) - (40 ) Provision for (recovery of) credit losses 497 (17 ) - 480 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,647 $ 120 $ - $ 1,767 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 5 - - 5 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 5 - - 5 Write-offs - - - - Recoveries - - - - Balance at end of period $ 59 $ - $ - $ 59 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 10 2 - 12 Loan originations 43 - - 43 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 53 2 - 55 Write-offs - - - - Recoveries - - - - Balance at end of period $ 70 $ 3 $ - $ 73 Total balance at end of period $ 2,403 $ 123 $ - $ 2,526 (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
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 $ 2,526 $ 1,857 $ 2,428 $ 3,334 Variance from reported ECL (669 ) (98 ) 808 Variance from reported ECL (%) (26% ) (4% ) 32 %

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about other assets [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 2023 2022 2022 Accounts receivable $ 3,070 $ 3,774 $ 3,750 Prepaid expenses and other 13,593 10,213 10,448 Property and equipment 6,833 6,868 6,872 Right-of-use assets 3,775 4,122 4,470 Deferred tax asset 2,269 2,128 2,315 Interest rate swap 103 - - Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets (note 6b) 10,275 9,363 9,151 $ 46,625 $ 43,175 $ 43,713

Note 7 - Subordinated Notes P_2

Note 7 - Subordinated Notes Payable (Tables)	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about borrowings [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 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 $ 4,913 $ 4,908 $ 4,903 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $ 75.0 5.38 May 2031 99,619 100,043 93,507 $ 104,532 $ 104,951 $ 98,410

Note 8 - Other Liabilities (Tab

Note 8 - Other Liabilities (Tables)	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about other liabilities [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 2023 2022 2022 Accounts payable and other $ 4,045 $ 7,662 $ 5,738 Current income tax liability 2,773 5,797 2,126 Deferred tax liability 681 786 812 Lease obligations 4,120 4,471 4,776 Cash collateral and amounts held in escrow 6,746 8,006 5,833 Cash reserves on loan and lease receivables 141,759 126,110 108,121 $ 160,124 $ 152,832 $ 127,406

Note 9 - Share Capital (Tables)

Note 9 - Share Capital (Tables)	6 Months Ended
	Apr. 30, 2023
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, 2023 April 30, 2022 April 30, 2023 April 30, 2022 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 963,276 $ 15.53 953,730 $ 15.53 965,766 $ 15.53 40,000 $ 7.00 Granted - - - - 1,500 15.90 913,730 15.90 Exercised - - - - - - - - Forfeited/cancelled (10,500 ) 15.90 - - (14,490 ) 15.90 - - Expired - - - - - - - - Outstanding, end of period 952,776 $ 15.53 953,730 $ 15.53 952,776 $ 15.53 953,730 $ 15.53

Note 11 - Income Per Common S_2

Note 11 - Income Per Common Share (Tables)	6 Months Ended
	Apr. 30, 2023
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 2023 2022 2023 2022 Net income $ 10,263 $ 4,943 $ 19,680 $ 10,509 Less: dividends on preferred shares (247 ) (247 ) (494 ) (494 ) 10,016 4,696 19,186 10,015 Weighted average number of common shares outstanding 26,170,621 27,441,082 26,605,052 27,441,082 Income per common share: $ 0.38 $ 0.17 $ 0.72 $ 0.36

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Tables)	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of commitments [text block]	(thousands of Canadian dollars) April 30 October 31 April 30 2023 2022 2022 Loan commitments $ 378,309 $ 382,851 $ 312,125 Letters of credit 78,866 60,273 54,655 $ 457,175 $ 443,124 $ 366,780

Note 15 - Capital Management (T

Note 15 - Capital Management (Tables)	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of regulatory capital and capital ratios [text block]	(thousands of Canadian dollars) April 30 October 31 2023 2022 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 215,233 $ 225,982 Contributed surplus 2,147 1,612 Retained earnings 125,398 109,335 Accumulated other comprehensive income 94 99 CET1 before regulatory adjustments 342,872 337,028 Regulatory adjustments applied to CET1 (11,258 ) (11,371 ) Common Equity Tier 1 capital $ 331,614 $ 325,657 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 345,261 $ 339,304 Tier 2 capital Directly issued Tier 2 capital instruments $ 106,835 $ 107,367 Tier 2 capital before regulatory adjustments 106,835 107,367 Eligible stage 1 and stage 2 allowance 2,526 1,904 Total Tier 2 capital $ 109,361 $ 109,271 Total regulatory capital $ 454,622 $ 448,575 Total risk-weighted assets $ 2,957,933 $ 2,714,902 Capital ratios CET1 capital ratio 11.21 % 12.00 % Tier 1 capital ratio 11.67 % 12.50 % Total capital ratio 15.37 % 16.52 % (thousands of Canadian dollars) April 30 October 31 2023 2022 On-balance sheet assets $ 3,729,393 $ 3,265,998 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,258 ) (11,371 ) Total on-balance sheet exposures 3,718,135 3,254,627 Total off-balance sheet exposure at gross notional amount $ 457,175 $ 443,124 Adjustments for conversion to credit equivalent amount (266,913 ) (251,101 ) Total off-balance sheet exposures 190,262 192,023 Tier 1 capital 345,261 339,304 Total exposures 3,908,397 3,446,650 Leverage ratio 8.83 % 9.84 %

Note 16 - Interest Rate Risk _2

Note 16 - Interest Rate Risk Position (Tables)	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk [text block]	(thousands of Canadian dollars) April 30, 2023 October 31, 2022 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 $ 5,323 $ (5,334 ) $ 4,304 $ (4,261 ) Duration difference between assets and liabilities (months) 3.1 1.4

Note 17 - Fair Value of Finan_2

Note 17 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about financial instruments [text block]	(thousands of Canadian dollars) As at April 30, 2023 October 31, 2022 Carrying Fair Carrying Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash $ 223,661 $ 223,661 $ 88,581 $ 88,581 Securities 39,652 39,652 141,564 141,564 Loans 3,419,455 3,409,081 2,992,678 2,963,676 Other 4,126 4,126 4,727 4,727 Liabilities Deposits $ 3,108,218 $ 3,065,051 $ 2,657,540 $ 2,561,421 Subordinated notes payable 104,532 106,835 104,951 107,367 Other 156,670 156,670 146,249 146,249

Note 18 - Operating Segmentat_2

Note 18 - Operating Segmentation (Tables)	6 Months Ended
	Apr. 30, 2023
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	for the three months ended April 30, 2023 April 30, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 24,609 $ - $ - $ 24,609 $ 17,242 $ - $ - $ 17,242 Non-interest income 122 2,146 (192 ) 2,076 1 1,434 (42 ) 1,393 Total revenue 24,731 2,146 (192 ) 26,685 17,243 1,434 (42 ) 18,635 Provision for credit losses 237 - - 237 78 - - 78 24,494 2,146 (192 ) 26,448 17,165 1,434 (42 ) 18,557 Non-interest expenses: Salaries and benefits 6,930 1,499 - 8,429 5,586 1,140 - 6,726 General and administrative 3,131 377 (192 ) 3,316 3,761 300 (42 ) 4,019 Premises and equipment 612 369 - 981 659 363 - 1,022 10,673 2,245 (192 ) 12,726 10,006 1,803 (42 ) 11,767 Income (loss) before income taxes 13,821 (99 ) - 13,722 7,159 (369 ) - 6,790 Income tax provision 3,991 (532 ) - 3,459 1,744 103 - 1,847 Net income (loss) $ 9,830 $ 433 $ - $ 10,263 $ 5,415 $ (472 ) $ - $ 4,943 Total assets $ 3,719,592 $ 25,559 $ (15,758 ) $ 3,729,393 $ 2,692,510 $ 21,386 $ (21,750 ) $ 2,692,146 Total liabilities $ 3,366,614 $ 29,057 $ (22,797 ) $ 3,372,874 $ 2,347,610 $ 23,727 $ (20,605 ) $ 2,350,732 for the six months ended April 30, 2023 April 30, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 48,883 $ - $ - $ 48,883 $ 34,127 $ - $ - $ 34,127 Non-interest income 124 3,979 (383 ) 3,720 2 2,855 (83 ) 2,774 Total revenue 49,007 3,979 (383 ) 52,603 34,129 2,855 (83 ) 36,901 Provision for (recovery of) credit losses 622 - - 622 80 - - 80 48,385 3,979 (383 ) 51,981 34,049 2,855 (83 ) 36,821 Non-interest expenses: Salaries and benefits 13,614 3,072 - 16,686 11,025 1,784 - 12,809 General and administrative 5,993 832 (383 ) 6,442 7,243 483 (83 ) 7,643 Premises and equipment 1,235 698 - 1,933 1,241 710 - 1,951 20,842 4,602 (383 ) 25,061 19,509 2,977 (83 ) 22,403 Income (loss) before income taxes 27,543 (623 ) - 26,920 14,540 (122 ) - 14,418 Income tax provision 7,780 (540 ) - 7,240 3,706 203 - 3,909 Net income (loss) $ 19,763 $ (83 ) $ - $ 19,680 $ 10,834 $ (325 ) $ - $ 10,509 Total assets $ 3,719,592 $ 25,559 $ (15,758 ) $ 3,729,393 $ 2,692,510 $ 21,386 $ (21,750 ) $ 2,692,146 Total liabilities $ 3,366,614 $ 29,057 $ (22,797 ) $ 3,372,874 $ 2,347,610 $ 23,727 $ (20,605 ) $ 2,350,732

Note 4 - Securities (Details Te

Note 4 - Securities (Details Textual) $ in Thousands, $ in Millions	6 Months Ended
	Apr. 30, 2023 CAD ($)	Apr. 30, 2023 USD ($)	Apr. 30, 2023 USD ($)	Oct. 31, 2022 CAD ($)	Apr. 30, 2022 CAD ($)
Statement Line Items [Line Items]
Investments in Securities	$ 39,652			$ 141,564	$ 0
Government of Canada Treasury Bills and a U.S. Government Treasury Bill [member]
Statement Line Items [Line Items]
Investments in Securities	39,700			$ 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	$ 19,500	$ 14.4
Notional amount	$ 19,700		$ 14.5
Financial assets, interest rate	4.70%		4.70%

Note 5 - Loans, Net of Allowa_3

Note 5 - Loans, Net of Allowance for Credit Losses - Portfolio Analysis (Details) - Loans [member] - CAD ($) $ in Thousands	Apr. 30, 2023	Jan. 31, 2023	Oct. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021
Statement Line Items [Line Items]
Loans, gross	$ 3,405,091	$ 3,405,091	$ 2,979,880		$ 2,442,204
Allowance for credit losses	(2,526)	(2,526)	(1,904)	$ (1,533)	(1,533)
Accrued interest		16,890	14,702		9,605
Total loans, net of allowance for credit losses		3,419,455	2,992,678		2,450,276
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Loans, gross	2,538,917	2,538,917	2,220,894		1,610,336
Allowance for credit losses	(59)	(57)	(54)	(40)	(36)	$ (45)
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Loans, gross	807,828	807,828	710,369		782,274
Allowance for credit losses	(627)	(583)	(545)	(419)	(370)	(275)
Commercial real estate loans [member]
Statement Line Items [Line Items]
Loans, gross	11,996	11,996	13,165		14,065
Allowance for credit losses	(1,767)	(1,591)	(1,287)	(1,049)	(1,045)	(1,114)
Public sector and other financing [member]
Statement Line Items [Line Items]
Loans, gross	46,350	46,350	35,452		35,529
Allowance for credit losses	$ (73)	$ (58)	$ (18)	$ (25)	$ (4)	$ (19)

Note 5 - Loans, Net of Allowa_4

Note 5 - Loans, Net of Allowance for Credit Losses - Summary of Loan, ECL, and EL amounts by lending asset category (Details) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Statement Line Items [Line Items]
Provision for (recovery of) credit losses	$ 237	$ 78	$ 622	$ 80
Loans [member]
Statement Line Items [Line Items]
Notional amount	3,405,091		3,405,091		$ 3,405,091	$ 2,979,880	$ 2,442,204
ECL allowance	$ 2,526	1,533	$ 2,526	1,533	2,526	$ 1,904	1,533
EL %	0.07%		0.07%			0.06%
Balance at beginning of period	$ 2,526	1,533	$ 1,904
Recoveies	0
Balance at end of period	2,526	1,533	2,526	1,533
Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	3,327,160		3,327,160			$ 2,862,939
ECL allowance	$ 2,403	1,431	$ 2,403	1,431		$ 1,766
EL %	0.07%		0.07%			0.06%
Balance at beginning of period			$ 1,766
Recoveies	$ 0
Balance at end of period	2,403	1,431	2,403	1,431
Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	58,590		58,590			$ 116,662
ECL allowance	$ 123	102	$ 123	102		$ 138
EL %	0.21%		0.21%			0.12%
Balance at beginning of period			$ 138
Recoveies	$ 0
Balance at end of period	123	102	123	102
Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	19,341		19,341			$ 279
ECL allowance	$ 0	0	$ 0	0		$ 0
EL %	0%		0%			0%
Balance at beginning of period			$ 0
Recoveies	$ 0
Balance at end of period	0	0	0	0
Point of sale loans and leases [member] | Loans [member]
Statement Line Items [Line Items]
Notional amount	2,538,917		2,538,917		2,538,917	$ 2,220,894	1,610,336
ECL allowance	$ 59	40	$ 59	40	57	$ 54	36
EL %	0.49%		0.49%			0.41%
Balance at beginning of period	$ 57	36	$ 54	45
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	2	4	5	(5)
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	2	4	5	(5)
Write-offs	0	0	0	0
Recoveies	0	0	0	0
Balance at end of period	59	40	59	40
Point of sale loans and leases [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	2,527,006		2,527,006			$ 2,215,388
ECL allowance	$ 59	40	$ 59	40	57	$ 54	36
EL %	0.49%		0.49%			0.41%
Balance at beginning of period	$ 57	36	$ 54	45
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	2	4	5	(5)
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	2	4	5	(5)
Write-offs	0	0	0	0
Recoveies	0	0	0	0
Balance at end of period	59	40	59	40
Point of sale loans and leases [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	7,481		7,481			$ 5,227
ECL allowance	$ 0	0	$ 0	0	0	$ 0	0
EL %	0%		0%			0%
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
Recoveies	0	0	0	0
Balance at end of period	0	0	0	0
Point of sale loans and leases [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	4,430		4,430			$ 279
ECL allowance	$ 0	0	$ 0	0	0	$ 0	0
EL %	0%		0%			0%
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
Recoveies	0	0	0	0
Balance at end of period	0	0	0	0
Commercial real estate mortgages [member] | Loans [member]
Statement Line Items [Line Items]
Notional amount	807,828		807,828		807,828	$ 710,369	782,274
ECL allowance	$ 627	419	$ 627	419	583	$ 545	370
EL %	0.02%		0.02%			0.02%
Balance at beginning of period	$ 583	370	$ 545	275
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	44	49	82	144
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	44	49	82	144
Write-offs	0	0	0	0
Recoveies	0	0	0	0
Balance at end of period	627	419	627	419
Commercial real estate mortgages [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	741,980		741,980			$ 599,113
ECL allowance	$ 627	419	$ 627	419	583	$ 545	370
EL %	0.02%		0.02%			0.02%
Balance at beginning of period	$ 583	370	$ 545	275
Transfer in (out) to Stage 1	32	14	70	52
Transfer in (out) to Stage 2	(118)	(27)	(172)	(85)
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	130	62	184	177
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	44	49	82	144
Write-offs	0	0	0	0
Recoveies	0	0	0	0
Balance at end of period	627	419	627	419
Commercial real estate mortgages [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	50,937		50,937			$ 111,256
ECL allowance	$ 0	0	$ 0	0	0	$ 0	0
EL %	0%		0%			0%
Balance at beginning of period	$ 0	0	$ 0	0
Transfer in (out) to Stage 1	(32)	(14)	(70)	(52)
Transfer in (out) to Stage 2	118	27	172	85
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	(86)	(13)	(102)	(33)
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
Recoveies	0	0	0	0
Balance at end of period	0	0	0	0
Commercial real estate mortgages [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	14,911		14,911			$ 0
ECL allowance	$ 0	0	$ 0	0	0	$ 0	0
EL %	0%		0%			0%
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
Recoveies	0	0	0	0
Balance at end of period	0	0	0	0
Commercial real estate loans [member] | Loans [member]
Statement Line Items [Line Items]
Notional amount	11,996		11,996		11,996	$ 13,165	14,065
ECL allowance	$ 1,767	1,049	$ 1,767	1,049	1,591	$ 1,287	1,045
EL %	0.22%		0.22%			0.18%
Balance at beginning of period	$ 1,591	1,045	$ 1,287	1,114
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	139	(56)	371	(108)
Loan originations	63	80	149	160
Derecognitions and maturities	(26)	(20)	(40)	(117)
Provision for (recovery of) credit losses	176	4	480	(65)
Write-offs	0	0	0	0
Recoveies	0	0	0	0
Balance at end of period	1,767	1,049	1,767	1,049
Commercial real estate loans [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	11,996		11,996			$ 13,165
ECL allowance	$ 1,647	948	$ 1,647	948	1,517	$ 1,150	949
EL %	0.22%		0.22%			0.19%
Balance at beginning of period	$ 1,517	949	$ 1,150	980
Transfer in (out) to Stage 1	17	8	79	22
Transfer in (out) to Stage 2	(88)	0	(118)	(4)
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	159	(69)	422	(97)
Loan originations	63	80	149	160
Derecognitions and maturities	(21)	(20)	(35)	(113)
Provision for (recovery of) credit losses	130	(1)	497	(32)
Write-offs	0	0	0	0
Recoveies	0	0	0	0
Balance at end of period	1,647	948	1,647	948
Commercial real estate loans [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	0		0			$ 0
ECL allowance	$ 120	101	$ 120	101	74	$ 137	96
EL %	0.24%		0.24%			0.12%
Balance at beginning of period	$ 74	96	$ 137	134
Transfer in (out) to Stage 1	(17)	(8)	(79)	(22)
Transfer in (out) to Stage 2	88	0	118	4
Transfer in (out) to Stage 3	(13)	0	(13)	0
Net remeasurement of loss allowance	(7)	13	(38)	(11)
Loan originations	0	0	0	0
Derecognitions and maturities	(5)	0	(5)	(4)
Provision for (recovery of) credit losses	46	5	(17)	(33)
Write-offs	0	0	0	0
Recoveies	0	0	0	0
Balance at end of period	120	101	120	101
Commercial real estate loans [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	0		0			$ 0
ECL allowance	$ 0	0	$ 0	0	0	$ 0	0
EL %	0%		0%			0%
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	13	0	13	0
Net remeasurement of loss allowance	(13)	0	(13)	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
Recoveies	0	0	0	0
Balance at end of period	0	0	0	0
Public sector and other financing [member] | Loans [member]
Statement Line Items [Line Items]
Notional amount	46,350		46,350		46,350	$ 35,452	35,529
ECL allowance	$ 73	25	$ 73	25	58	$ 18	4
EL %	0.16%		0.16%			0.05%
Balance at beginning of period	$ 58	4	$ 18	19
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)	21	12	7
Loan originations	16	0	43	0
Derecognitions and maturities	0	0	0	(1)
Provision for (recovery of) credit losses	15	21	55	6
Write-offs	0	0	0	0
Recoveies		0	0	0
Balance at end of period	73	25	73	25
Public sector and other financing [member] | Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	46,178		46,178			$ 35,273
ECL allowance	$ 70	24	$ 70	24	55	$ 17	4
EL %	0.15%		0.15%			0.05%
Balance at beginning of period	$ 55	4	$ 17	16
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)	20	10	9
Loan originations	16	0	43	0
Derecognitions and maturities	0	0	0	(1)
Provision for (recovery of) credit losses	15	20	53	8
Write-offs	0	0	0	0
Recoveies		0	0	0
Balance at end of period	70	24	70	24
Public sector and other financing [member] | Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	172		172			$ 179
ECL allowance	$ 3	1	$ 3	1	3	$ 1	0
EL %	1.74%		1.74%			0.56%
Balance at beginning of period	$ 3	0	$ 1	3
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	1	2	(2)
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	1	2	(2)
Write-offs	0	0	0	0
Recoveies		0	0	0
Balance at end of period	3	1	3	1
Public sector and other financing [member] | Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	0		0			$ 0
ECL allowance	$ 0	0	$ 0	0	$ 0	$ 0	$ 0
EL %	0%		0%			0%
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
Recoveies		0	0	0
Balance at end of period	$ 0	$ 0	$ 0	$ 0

Note 5 - Loans, Net of Allowa_5

Note 5 - Loans, Net of Allowance for Credit Losses - Expected Credit Loss Sensitivity (Details) - Loans [member] - CAD ($) $ in Thousands	Apr. 30, 2023	Jan. 31, 2023	Oct. 31, 2022	Apr. 30, 2022	Jan. 31, 2022
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 2,526	$ 2,526	$ 1,904	$ 1,533	$ 1,533
Upside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	1,857
Variance from reported ECL	$ (669)
Variance from reported ECL (%)	(26.00%)
Baseline, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 2,428
Variance from reported ECL	$ (98)
Variance from reported ECL (%)	(4.00%)
Downside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 3,334
Variance from reported ECL	$ 808
Variance from reported ECL (%)	32%

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual) - CAD ($)	2 Months Ended
	Feb. 28, 2021	Apr. 30, 2023	Oct. 31, 2022	Apr. 30, 2022
Statement Line Items [Line Items]
Total intangible assets other than goodwill		$ 10,275,000	$ 9,363,000	$ 9,151,000
Capitilised development costs		$ 7,300,000	$ 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	Apr. 30, 2023	Oct. 31, 2022	Apr. 30, 2022
Statement Line Items [Line Items]
Accounts receivable	$ 3,070	$ 3,774	$ 3,750
Prepaid expenses and other	13,593	10,213	10,448
Property and equipment	6,833	6,868	6,872
Right-of-use assets	3,775	4,122	4,470
Deferred tax asset	2,269	2,128	2,315
Interest rate swap	103	0	0
Investment (note 6a)	953	953	953
Goodwill	5,754	5,754	5,754
Intangible assets (note 6b)	10,275	9,363	9,151
Other assets	$ 46,625	$ 43,175	$ 43,713

Note 7 - Subordinated Notes P_3

Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) - CAD ($)	Apr. 30, 2023	Oct. 31, 2022	Apr. 30, 2022
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Subordinated notes payable	$ 4,913,000	$ 4,908,000	$ 4,903,000
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Subordinated notes payable	99,619	100,043	93,507
Subordinated notes payable [member]
Statement Line Items [Line Items]
Subordinated notes payable	$ 104,532,000	$ 104,951,000	$ 98,410,000

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
	Apr. 30, 2023	Apr. 30, 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	Apr. 30, 2023	Oct. 31, 2022	Apr. 30, 2022
Statement Line Items [Line Items]
Accounts payable and other	$ 4,045	$ 7,662	$ 5,738
Current income tax liability	2,773	5,797	2,126
Deferred tax liability	681	786	812
Lease obligations	4,120	4,471	4,776
Cash collateral and amounts held in escrow	6,746	8,006	5,833
Cash reserves on loan and lease receivables	141,759	126,110	108,121
Other liabilities	$ 160,124	$ 152,832	$ 127,406

Note 9 - Share Capital (Details

Note 9 - Share Capital (Details Textual) - CAD ($)		3 Months Ended		6 Months Ended
	Aug. 05, 2022	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Jan. 31, 2023	Oct. 31, 2022
Statement Line Items [Line Items]
Number of shares issued for offering (in shares)	1,700,000
Shares purchased and cancelled during period (in shares)		419,500		1,241,796
Reduction of issued capital		$ 4,200,000		$ 12,600,000
Total expense from share-based payment transactions in which goods or services received did not qualify for recognition as assets		192,000	$ 424,000	535,000	$ 620,000
Retained earnings [member]
Statement Line Items [Line Items]
Reduction to retained earnings		$ 600,000		$ 1,800,000
Ordinary shares [member]
Statement Line Items [Line Items]
Number of shares outstanding at end of period (in shares)		26,003,986		26,003,986			27,245,782
Ordinary shares [member] | Issued capital [member]
Statement Line Items [Line Items]
Reduction of issued capital		$ 3,632,000	$ 0	$ 10,749,000	$ 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		6 Months Ended
	Apr. 30, 2023 $ / shares	Apr. 30, 2022 $ / shares	Apr. 30, 2023 $ / shares	Apr. 30, 2022 $ / shares
Statement Line Items [Line Items]
Outstanding, beginning of period	963,276	953,730	965,766	40,000
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.53	$ 15.53	$ 15.53	$ 7
Granted	0	0	1,500	913,730
Granted, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 15.90	$ 15.90
Exercised	0	0	0	0
Exercised, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 0	$ 0
Forfeited/cancelled	(10,500)	0	(14,490)	0
Forfeired/cancelled, weighted average exercise price (in CAD per share)	$ 15.90	$ 0	$ 15.90	$ 0
Expired	0	0	0	0
Expired, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 0	$ 0
Outstanding, end of period	952,776	953,730	952,776	953,730
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.53	$ 15.53	$ 15.53	$ 15.53

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision (Details Textual) - CAD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Statement Line Items [Line Items]
Tax income (expense)	$ 3,459,000	$ 1,847,000	$ 7,240,000	$ 3,909,000
Net deferred tax assets	$ 530,000		$ 530,000
Applicable tax rate			27%	27%

Note 11 - Income Per Common S_3

Note 11 - Income Per Common Share (Details Textual)	6 Months Ended
	Apr. 30, 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		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Statement Line Items [Line Items]
Net income (loss)	$ 10,263	$ 4,943	$ 19,680	$ 10,509
Less: dividends on preferred shares	(247)	(247)	(494)	(494)
Profit (loss), attributable to ordinary equity holders of parent entity	$ 10,016	$ 4,696	$ 19,186	$ 10,015
Weighted average number of common shares outstanding (in shares)	26,170,621	27,441,082	26,605,052	27,441,082
Income per common share: (in CAD per share)	$ 0.38	$ 0.17	$ 0.72	$ 0.36

Note 12 - Derivative Instrume_2

Note 12 - Derivative Instruments (Details Textual) - Interest rate swap contract [member] - CAD ($)	Apr. 30, 2023	Oct. 31, 2022
Statement Line Items [Line Items]
Notional amount	$ 11,800,000	$ 0
Financial assets qualified for hedge accounting	11,800,000	0
Other assets [member]
Statement Line Items [Line Items]
Total financial assets	$ 103,000	$ 0

Note 13 - Commitments and Con_3

Note 13 - Commitments and Contingencies - Credit Related Commitments (Details) - CAD ($) $ in Thousands	Apr. 30, 2023	Oct. 31, 2022	Apr. 30, 2022
Statement Line Items [Line Items]
Credit commitments	$ 457,175	$ 443,124	$ 366,780
Loan commitments [member]
Statement Line Items [Line Items]
Credit commitments	378,309	382,851	312,125
Letters of credit [member]
Statement Line Items [Line Items]
Credit commitments	$ 78,866	$ 60,273	$ 54,655

Note 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - CAD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022
Statement Line Items [Line Items]
Revenue from rendering of services, related party transactions	$ 25,000	$ 23,000	$ 49,000	$ 48,000
Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount	5		5
Key management personnel of entity or parent [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	1,500,000		1,500,000		$ 1,300,000
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	$ 2,700,000		$ 2,700,000		$ 3,900,000

Note 15 - Capital Management (D

Note 15 - Capital Management (Details Textual)	Apr. 30, 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	Apr. 30, 2023	Oct. 31, 2022	Apr. 30, 2022
Statement Line Items [Line Items]
Directly issued capital instruments	$ 228,880	$ 239,629	$ 241,321
Contributed surplus	2,147	1,612	765
Retained earnings	125,398	109,335	99,285
Accumulated other comprehensive income	94	99	43
Regulatory capital		448,575
Total risk-weighted assets		$ 2,714,902
CET1 capital ratio		16.52%
Total assets	3,729,393	$ 3,265,998	$ 2,692,146
Transitional [member]
Statement Line Items [Line Items]
Regulatory capital	454,622
Total risk-weighted assets	$ 2,957,933
CET1 capital ratio	15.37%
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	$ 457,175	443,124
Adjustments for conversion to credit equivalent amount		251,101
Total off-balance sheet exposures	190,262	192,023
Total exposures		$ 3,446,650
Leverage ratio		9.84%
Basel III [member] | Transitional [member]
Statement Line Items [Line Items]
Total assets	3,729,393
Total on-balance sheet exposures	3,718,135
Adjustments for conversion to credit equivalent amount	266,913
Total exposures	$ 3,908,397
Leverage ratio	8.83%
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	$ (11,258)	(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	215,233
Contributed surplus	2,147
Retained earnings	125,398
Accumulated other comprehensive income	94
Regulatory capital before adjustments	342,872
Adjustments to capital	(11,258)
Regulatory capital	$ 331,614
CET1 capital ratio	11.21%
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	$ 345,261
CET1 capital ratio	11.67%
Tier 2 capital [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 106,835	$ 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	106,835
Adjustments to capital	2,526
Regulatory capital	$ 109,361

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	6 Months Ended	12 Months Ended
	Apr. 30, 2023	Oct. 31, 2022
Increase 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ 5,323	$ 4,304
Duration difference between assets and liabilities (months) (Month)	3 months 3 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	$ (5,334)	$ (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	Apr. 30, 2023	Oct. 31, 2022
Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, book value	$ 3,108,218	$ 2,657,540
Liabilities, fair value	3,065,051	2,561,421
Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, book value	104,532	104,951
Liabilities, fair value	106,835	107,367
Other financial liabilities [member]
Statement Line Items [Line Items]
Liabilities, book value	156,670	146,249
Liabilities, fair value	156,670	146,249
Cash and cash equivalents [member]
Statement Line Items [Line Items]
Assets, book value	223,661	88,581
Assets, fair value	223,661	88,581
Securities [member]
Statement Line Items [Line Items]
Assets, book value	39,652	141,564
Assets, fair value	39,652	141,564
Loans, net [member]
Statement Line Items [Line Items]
Assets, book value	3,419,455	2,992,678
Assets, fair value	3,409,081	2,963,676
Other financial assets [member]
Statement Line Items [Line Items]
Assets, book value	4,126	4,727
Assets, fair value	$ 4,126	$ 4,727

Note 18 - Operating Segmentat_3

Note 18 - Operating Segmentation (Details Textual)	6 Months Ended
	Apr. 30, 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		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022
Statement Line Items [Line Items]
Net interest income	$ 24,609	$ 17,242	$ 48,883	$ 34,127
Non-interest income	2,076	1,393	3,720	2,774
Total revenue	26,685	18,635	52,603	36,901
Provision for credit losses	237	78	622	80
Revenue less provision for credit loss	26,448	18,557	51,981	36,821
Non-interest expenses:
Salaries and benefits	8,429	6,726	16,686	12,809
General and administrative	3,316	4,019	6,442	7,643
Premises and equipment	981	1,022	1,933	1,951
Noninterest expense	12,726	11,767	25,061	22,403
Income (loss) before income taxes	13,722	6,790	26,920	14,418
Income tax provision	3,459	1,847	7,240	3,909
Net income (loss)	10,263	4,943	19,680	10,509
Total assets	3,729,393	2,692,146	3,729,393	2,692,146	$ 3,265,998
Total liabilities	3,372,874	2,350,732	3,372,874	2,350,732	$ 2,915,323
Net interest income	24,609	17,242	48,883	34,127
Non-interest income	2,076	1,393	3,720	2,774
Total revenue	26,685	18,635	52,603	36,901
Provision for credit losses	237	78	622	80
Revenue less provision for credit loss	26,448	18,557	51,981	36,821
Elimination of intersegment amounts [member]
Statement Line Items [Line Items]
Net interest income	0	0	0	0
Non-interest income	(192)	(42)	(383)	(83)
Total revenue	(192)	(42)	(383)	(83)
Provision for credit losses	0	0	0	0
Revenue less provision for credit loss	(192)	(42)	(383)	(83)
Non-interest expenses:
Salaries and benefits	0	0	0	0
General and administrative	(192)	(42)	(383)	(83)
Premises and equipment	0	0	0	0
Noninterest expense	(192)	(42)	(383)	(83)
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	(15,758)	(21,750)	(15,758)	(21,750)
Total liabilities	(22,797)	(20,605)	(22,797)	(20,605)
Net interest income	0	0	0	0
Non-interest income	(192)	(42)	(383)	(83)
Total revenue	(192)	(42)	(383)	(83)
Provision for credit losses	0	0	0	0
Revenue less provision for credit loss	(192)	(42)	(383)	(83)
Banking segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	24,609	17,242	48,883	34,127
Non-interest income	122	1	124	2
Total revenue	24,731	17,243	49,007	34,129
Provision for credit losses	237	78	622	80
Revenue less provision for credit loss	24,494	17,165	48,385	34,049
Non-interest expenses:
Salaries and benefits	6,930	5,586	13,614	11,025
General and administrative	3,131	3,761	5,993	7,243
Premises and equipment	612	659	1,235	1,241
Noninterest expense	10,673	10,006	20,842	19,509
Income (loss) before income taxes	13,821	7,159	27,543	14,540
Income tax provision	3,991	1,744	7,780	3,706
Net income (loss)	9,830	5,415	19,763	10,834
Total assets	3,719,592	2,692,510	3,719,592	2,692,510
Total liabilities	3,366,614	2,347,610	3,366,614	2,347,610
Net interest income	24,609	17,242	48,883	34,127
Non-interest income	122	1	124	2
Total revenue	24,731	17,243	49,007	34,129
Provision for credit losses	237	78	622	80
Revenue less provision for credit loss	24,494	17,165	48,385	34,049
Cybersecurity segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	0	0	0	0
Non-interest income	2,146	1,434	3,979	2,855
Total revenue	2,146	1,434	3,979	2,855
Provision for credit losses	0	0	0	0
Revenue less provision for credit loss	2,146	1,434	3,979	2,855
Non-interest expenses:
Salaries and benefits	1,499	1,140	3,072	1,784
General and administrative	377	300	832	483
Premises and equipment	369	363	698	710
Noninterest expense	2,245	1,803	4,602	2,977
Income (loss) before income taxes	(99)	(369)	(623)	(122)
Income tax provision	(532)	103	(540)	203
Net income (loss)	433	(472)	(83)	(325)
Total assets	25,559	21,386	25,559	21,386
Total liabilities	29,057	23,727	29,057	23,727
Net interest income	0	0	0	0
Non-interest income	2,146	1,434	3,979	2,855
Total revenue	2,146	1,434	3,979	2,855
Provision for credit losses	0	0	0	0
Revenue less provision for credit loss	$ 2,146	$ 1,434	$ 3,979	$ 2,855