VersaBank (VBNK) 6-K 30 Aug 23 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	9 Months Ended
	Jul. 31, 2023
Document Information [Line Items]
Entity Registrant Name	VersaBank
Document, Type	6-K
Current Fiscal Year End Date	--10-31
Document, Period End Date	Jul. 31, 2023
Entity, File Number	001-40805
Entity, Address, Address Line One	140 Fullarton Street, Suite 2002
Entity, Address, City or Town	London
Entity, Address, State or Province	ON
Entity, Address, Postal Zip Code	N6A 5P2
Entity, Address, Country	CA
Amendment Flag	false
Entity Central Index Key	0001690639

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - CAD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Assets
Cash	$ 87,726	$ 88,581	$ 84,214
Securities (note 4)	182,944	141,564	133,682
Loans, net of allowance for credit losses (note 5)	3,661,672	2,992,678	2,814,121
Other assets (note 6)	48,503	43,175	43,326
Total assets	3,980,845	3,265,998	3,075,343
Liabilities and Shareholders' Equity
Deposits	3,328,017	2,657,540	2,475,063
Subordinated notes payable (note 7)	101,585	104,951	98,706
Other liabilities (note 8)	186,200	152,832	154,926
Total liabilities	3,615,802	2,915,323	2,728,695
Shareholders' equity:
Share capital (note 9)	228,191	239,629	241,321
Contributed surplus	2,339	1,612	1,189
Retained earnings	134,461	109,335	104,071
Accumulated other comprehensive income	52	99	67
Total equity	365,043	350,675	346,648
Total equity and liabilities	$ 3,980,845	$ 3,265,998	$ 3,075,343

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Interest income:
Loans	$ 56,206	$ 33,165	$ 153,765	$ 83,151
Other	3,883	1,012	9,480	1,594
Interest income	60,089	34,177	163,245	84,745
Interest expense:
Deposits and other	33,725	12,727	85,100	26,435
Subordinated notes	1,435	1,388	4,333	4,121
Interest expense	35,160	14,115	89,433	30,556
Net interest income	24,929	20,062	73,812	54,189
Non-interest income	1,930	1,177	5,650	3,951
Total revenue	26,859	21,239	79,462	58,140
Provision for credit losses (note 5)	171	166	793	246
Revenue less provision for credit loss	26,688	21,073	78,669	57,894
Non-interest expenses:
Salaries and benefits	7,453	6,768	24,139	19,577
General and administrative	4,446	5,519	10,888	13,162
Premises and equipment	980	929	2,913	2,880
Noninterest expense	12,879	13,216	37,940	35,619
Income before income taxes	13,809	7,857	40,729	22,275
Income tax provision (note 10)	3,806	2,137	11,046	6,046
Net income	10,003	5,720	29,683	16,229
Other comprehensive income (loss):
Items that may subsequently be reclassified to net income: Foreign exchange gain (loss) on translation of foreign operations	(42)	24	(47)	71
Comprehensive income	$ 9,961	$ 5,744	$ 29,636	$ 16,300
Basic and diluted income per common share (note 11) (in CAD per share)	$ 0.38	$ 0.20	$ 1.10	$ 0.56

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - CAD ($)	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		$ 227,674,000	$ 13,647,000	$ 145,000	$ 90,644,000	$ (4,000)
Statement Line Items [Line Items]
Purchased and cancelled during the period		0
Stock-based compensation (note 9)				1,044,000
Adjustment for purchased and cancelled common shares					0
Net income (loss)	$ 16,229,000				16,229,000
Dividends paid on common and preferred shares					(2,802,000)
Other comprehensive income (loss)						71,000
Balance, end of the period at Jul. 31, 2022	346,648,000	227,674,000	241,321,000	1,189,000	104,071,000	67,000
Balance at Apr. 30, 2022		227,674,000	13,647,000	765,000	99,285,000	43,000
Statement Line Items [Line Items]
Purchased and cancelled during the period		0
Stock-based compensation (note 9)				424,000
Adjustment for purchased and cancelled common shares					0
Net income (loss)	5,720,000				5,720,000
Dividends paid on common and preferred shares					(934,000)
Other comprehensive income (loss)						24,000
Balance, end of the period at Jul. 31, 2022	346,648,000	227,674,000	241,321,000	1,189,000	104,071,000	67,000
Balance at Oct. 31, 2022	350,675,000	225,982,000	13,647,000	1,612,000	109,335,000	99,000
Statement Line Items [Line Items]
Purchased and cancelled during the period		(11,438,000)			(1,900,000)
Stock-based compensation (note 9)				727,000
Adjustment for purchased and cancelled common shares					(1,854,000)
Net income (loss)	29,683,000				29,683,000
Dividends paid on common and preferred shares					(2,703,000)
Other comprehensive income (loss)						(47,000)
Balance, end of the period at Jul. 31, 2023	365,043,000	214,544,000	228,191,000	2,339,000	134,461,000	52,000
Balance at Apr. 30, 2023		215,233,000	13,647,000	2,147,000	125,398,000	94,000
Statement Line Items [Line Items]
Purchased and cancelled during the period		(689,000)			(45,000)
Stock-based compensation (note 9)				192,000
Adjustment for purchased and cancelled common shares					(45,000)
Net income (loss)	10,003,000				10,003,000
Dividends paid on common and preferred shares					(895,000)
Other comprehensive income (loss)						(42,000)
Balance, end of the period at Jul. 31, 2023	$ 365,043,000	$ 214,544,000	$ 228,191,000	$ 2,339,000	$ 134,461,000	$ 52,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - CAD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Cash provided by (used in):
Net income (loss)	$ 29,683	$ 16,229
Adjustments to determine net cash flows:
Provision for credit losses	793	246
Stock-based compensation	727	1,044
Income tax provision	11,046	6,046
Interest income	(163,245)	(84,745)
Interest expense	89,433	30,556
Amortization	1,348	1,431
Accretion of discount on securities	(126)	(255)
Foreign exchange rate change on assets and liabilities	(667)	3,300
Interest received	157,430	77,970
Interest paid	(68,786)	(24,919)
Income taxes paid	(13,276)	(5,207)
Securities	(42,155)	(133,427)
Loans	(664,618)	(704,607)
Deposits	651,238	617,589
Change in other assets and liabilities	33,997	19,426
Net cash flows from (used in) operating activities	22,822	(179,323)
Purchase of property and equipment	(350)	(746)
Net cash flows from (used in) investing activities	(350)	(746)
Financing:
Purchase and cancellation of common shares	(13,292)	0
Dividends paid	(2,703)	(2,802)
Repayment of lease obligations	(527)	(469)
Net cash flows from (used in) financing activities	(16,522)	(3,271)
Change in cash	5,950	(183,340)
Effect of exchange rate changes on cash	(6,805)	(3,969)
Cash, beginning of the period	88,581	271,523
Cash, end of the period	$ 87,726	$ 84,214

Note 1 - Reporting Entity

Note 1 - Reporting Entity	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of notes and 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	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of basis of preparation of financial statements [text block]	2. Basis of preparation: a) Statement of compliance: These interim Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and have been prepared in accordance with International Accounting Standard (“IAS”) 34 Interim Financial Reporting not . October 31, 2022. The interim Consolidated Financial Statements for the three nine July 31, 2023 2022 August 28, 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, 10. 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	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of significant accounting policies [text block]	3. Significant accounting policies and future accounting changes: The accounting policies applied by the Bank in these interim Consolidated Financial Statements are the same as those applied by the Bank as at and for the year ended October 31, 2022 3 2022 Derivative instruments: Derivatives are reported as other assets when they have a positive fair value and as other liabilities when they have a negative fair value. Derivatives may not not Hedge accounting: The Bank has elected, as permitted, to apply the hedge accounting requirements of IAS 39. To meet the criteria for hedge accounting, the Bank documents all relationships between hedging instruments and hedged items, how hedge effectiveness is assessed, as well as its risk management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives to specific assets or liabilities on the Consolidated Balance Sheet. The Bank also formally assesses, both at the inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are effective in offsetting changes in fair values or cash flows of the hedged items. There are three The Bank has only fair value hedges outstanding. In a fair value hedge, the change in the fair value of the hedging derivative is recognized in non-interest income in the Consolidated Statements of Income and Comprehensive Income. The change in the fair value of the hedged item attributable to 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	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	4. Securities: As at July 31, 2023, October 31, 2022 - August 3, 2023, May 1, 2025.

Note 5 - Loans, Net of Allowanc

Note 5 - Loans, Net of Allowance for Credit Losses	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of loans and advances to customers [text block]	5. Loans, net of allowance for credit losses: The Bank organizes its lending portfolio into the following four The Point-of-Sale Loans and Leases ( POS Financing ) The Commercial Real Estate Mortgages ( CRE Mortgages ) The Commercial Real Estate Loans ( CRE Loans ) The Public Sector and Other Financing ( PSOF ) Summary of loans and allowance for credit losses: (thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Point-of-sale loans and leases $ 2,776,126 $ 2,220,894 $ 1,998,993 Commercial real estate mortgages 810,630 710,369 755,042 Commercial real estate loans 9,298 13,165 13,510 Public sector and other financing 49,627 35,452 35,605 3,645,681 2,979,880 2,803,150 Allowance for credit losses (2,697 ) (1,904 ) (1,699 ) Accrued interest 18,688 14,702 12,670 Total loans, net of allowance for credit losses $ 3,661,672 $ 2,992,678 $ 2,814,121 The following table provides a summary of loan amounts, expected credit loss allowance amounts, and expected loss rates by lending asset category: As at July 31, 2023 As at October 31, 2022 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases $ 2,770,509 $ 5,617 $ - $ 2,776,126 $ 2,215,388 $ 5,227 $ 279 $ 2,220,894 ECL allowance 646 - - 646 545 - - 545 EL % 0.02 % 0.00 % 0.00 % 0.02 % 0.02 % 0.00 % 0.00 % 0.02 % Commercial real estate mortgages $ 746,771 $ 48,752 $ 15,107 $ 810,630 $ 599,113 $ 111,256 $ - $ 710,369 ECL allowance 1,655 251 - 1,906 1,150 137 - 1,287 EL % 0.22 % 0.51 % 0.00 % 0.24 % 0.19 % 0.12 % 0.00 % 0.18 % Commercial real estate loans $ 9,298 $ - $ - $ 9,298 $ 13,165 $ - $ - $ 13,165 ECL allowance 50 - - 50 54 - - 54 EL % 0.54 % 0.00 % 0.00 % 0.54 % 0.41 % 0.00 % 0.00 % 0.41 % Public sector and other financing $ 45,060 $ 4,567 $ - $ 49,627 $ 35,273 $ 179 $ - $ 35,452 ECL allowance 74 21 - 95 17 1 - 18 EL % 0.16 % 0.46 % 0.00 % 0.19 % 0.05 % 0.56 % 0.00 % 0.05 % Total loans $ 3,571,638 $ 58,936 $ 15,107 $ 3,645,681 $ 2,862,939 $ 116,662 $ 279 $ 2,979,880 Total ECL allowance 2,425 272 - 2,697 1,766 138 - 1,904 Total EL % 0.07 % 0.46 % 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 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 other 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 other 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 not Key assumptions driving the base case macroeconomic forecast trends this quarter include: interest rates straining household finances but wage growth continues to support consumer spending; higher interest rates cause housing prices to continue to retreat, albeit modestly; real GDP slows measurably by the end of 2023 2025; 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%, July 31, 2023 Expected credit loss sensitivity: The following table presents the sensitivity of the Bank’s estimated ECL to a range of individual macroeconomic scenarios, that in isolation may not July 31, 2023: (thousands of Canadian dollars) Reported 100 % 100 % 100 % ECL Upside Baseline Downside Allowance for expected credit losses $ 2,697 $ 1,751 $ 2,242 $ 3,117 Variance from reported ECL (946 ) (455 ) 420 Variance from reported ECL (%) (35 %) (17 %) 16 % The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three July 31, 2023: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 627 $ - $ - $ 627 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 52 (33 ) - 19 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 19 - - 19 Write-offs - - - - Recoveries - - - - Balance at end of period $ 646 $ - $ - $ 646 Commercial real estate mortgages Balance at beginning of period $ 1,647 $ 120 $ - $ 1,767 Transfer in (out) to Stage 1 14 (14 ) - - Transfer in (out) to Stage 2 (106 ) 106 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 138 44 - 182 Loan originations 56 - - 56 Derecognitions and maturities (94 ) (5 ) - (99 ) Provision for (recovery of) credit losses 8 131 - 139 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,655 $ 251 $ - $ 1,906 Commercial real estate loans Balance at beginning of period $ 59 $ - $ - $ 59 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 (4 ) - - (4 ) Provision for (recovery of) credit losses (9 ) - - (9 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 50 $ - $ - $ 50 Public sector and other financing Balance at beginning of period $ 70 $ 3 $ - $ 73 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (8 ) 8 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (4 ) 10 - 6 Loan originations 16 - - 16 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 4 18 - 22 Write-offs - - - - Recoveries - - - - Balance at end of period $ 74 $ 21 $ - $ 95 Total balance at end of period $ 2,425 $ 272 $ - $ 2,697 The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three July 31, 2022: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 419 $ - $ - $ 419 Transfer in (out) to Stage 1 16 (16 ) - - Transfer in (out) to Stage 2 (45 ) 45 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 138 (29 ) - 109 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 109 - - 109 Write-offs - - - - Recoveries - - - - Balance at end of period $ 528 $ - $ - $ 528 Commercial real estate mortgages Balance at beginning of period $ 948 $ 101 $ - $ 1,049 Transfer in (out) to Stage 1 16 (16 ) - - Transfer in (out) to Stage 2 (88 ) 88 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 49 (38 ) - 11 Loan originations 64 - - 64 Derecognitions and maturities (10 ) (18 ) - (28 ) Provision for (recovery of) credit losses 31 16 - 47 Write-offs - - - - Recoveries - - - - Balance at end of period $ 979 $ 117 $ - $ 1,096 Commercial real estate loans Balance at beginning of period $ 40 $ - $ - $ 40 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 9 - - 9 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 9 - - 9 Write-offs - - - - Recoveries - - - - Balance at end of period $ 49 $ - $ - $ 49 Public sector and other financing Balance at beginning of period $ 24 $ 1 $ - $ 25 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 - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 1 - - 1 Write-offs - - - - Recoveries - - - - Balance at end of period $ 25 $ 1 $ - $ 26 Total balance at end of period $ 1,581 $ 118 $ - $ 1,699 The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the nine July 31, 2023: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 545 $ - $ - $ 545 Transfer in (out) to Stage 1 122 (122 ) - - Transfer in (out) to Stage 2 (257 ) 257 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 236 (135 ) - 101 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 101 - - 101 Write-offs - - - - Recoveries - - - - Balance at end of period $ 646 $ - $ - $ 646 Commercial real estate mortgages Balance at beginning of period $ 1,150 $ 137 $ - $ 1,287 Transfer in (out) to Stage 1 93 (93 ) - - Transfer in (out) to Stage 2 (224 ) 224 - - Transfer in (out) to Stage 3 - (13 ) 13 - Net remeasurement of loss allowance 560 6 (13 ) 553 Loan originations 205 - - 205 Derecognitions and maturities (129 ) (10 ) - (139 ) Provision for (recovery of) credit losses 505 114 - 619 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,655 $ 251 $ - $ 1,906 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 - - - - Loan originations - - - - Derecognitions and maturities (4 ) - - (4 ) Provision for (recovery of) credit losses (4 ) - - (4 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 50 $ - $ - $ 50 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 (8 ) 8 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 6 12 - 18 Loan originations 59 - - 59 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 57 20 - 77 Write-offs - - - - Recoveries - - - - Balance at end of period $ 74 $ 21 $ - $ 95 Total balance at end of period $ 2,425 $ 272 $ - $ 2,697 The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the nine July 31, 2022: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 275 $ - $ - $ 275 Transfer in (out) to Stage 1 68 (68 ) - - Transfer in (out) to Stage 2 (130 ) 130 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 315 (62 ) - 253 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 253 - - 253 Write-offs - - - - Recoveries - - - - Balance at end of period $ 528 $ - $ - $ 528 Commercial real estate mortgages Balance at beginning of period $ 980 $ 134 $ - $ 1,114 Transfer in (out) to Stage 1 38 (38 ) - - Transfer in (out) to Stage 2 (92 ) 92 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (48 ) (49 ) - (97 ) Loan originations 224 - - 224 Derecognitions and maturities (123 ) (22 ) - (145 ) Provision for (recovery of) credit losses (1 ) (17 ) - (18 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 979 $ 117 $ - $ 1,096 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 4 - - 4 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 4 - - 4 Write-offs - - - - Recoveries - - - - Balance at end of period $ 49 $ - $ - $ 49 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 10 (2 ) - 8 Loan originations - - - - Derecognitions and maturities (1 ) - - (1 ) Provision for (recovery of) credit losses 9 (2 ) - 7 Write-offs - - - - Recoveries - - - - Balance at end of period $ 25 $ 1 $ - $ 26 Total balance at end of period $ 1,581 $ 118 $ - $ 1,699

Note 6 - Other Assets

Note 6 - Other Assets	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of other assets [text block]	6. Other assets: (thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Accounts receivable $ 3,177 $ 3,774 $ 3,744 Prepaid expenses and other 14,017 10,213 10,010 Property and equipment 6,687 6,868 6,965 Right-of-use assets 3,602 4,122 4,296 Deferred tax asset 2,641 2,128 2,248 Interest rate swap 1,118 - - Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets (note 6b) 10,554 9,363 9,356 $ 48,503 $ 43,175 $ 43,326 a) In February 2021, not b) As at July 31, 2023, October 31, 2022 - October 31, 2022 -

Note 7 - Subordinated Notes Pay

Note 7 - Subordinated Notes Payable	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of borrowings [text block]	7. Subordinated notes payable: (thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $ 5.0 500,000 10.41 March 2029 $ 4,916 $ 4,908 $ 4,906 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $ 75.0 5.38 May 2031 96,669 100,043 93,800 $ 101,585 $ 104,951 $ 98,706

Note 8 - Other Liabilities

Note 8 - Other Liabilities	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of other liabilities [text block]	8. Other liabilities: (thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Accounts payable and other $ 7,265 $ 7,662 $ 8,317 Current income tax liability 4,527 5,797 3,157 Deferred tax liability 659 786 769 Lease obligations 3,944 4,471 4,644 Cash collateral and amounts held in escrow 9,657 8,006 10,992 Cash reserves on loan and lease receivables 160,148 126,110 127,047 $ 186,200 $ 152,832 $ 154,926

Note 9 - Share Capital

Note 9 - Share Capital	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of classes of share capital [text block]	9. Share capital: a) Common shares: At July 31, 2023, October 31, 2022 - On August 5, 2022, September 21, 2022, may 9.54% not The Bank was eligible to make purchases commencing on August 17, 2022 August 16, 2023, may no For the quarter ended July 31, 2023, For the nine July 31, 2023, b) Preferred shares: At July 31, 2023, October 31, 2022 - 1 1 15 c) Stock options Stock option transactions during the three nine July 31, 2023 2022: for the three months ended for the nine months ended July 31, 2023 July 31, 2022 July 31, 2023 July 31, 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 952,776 $ 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 (26,000 ) 15.90 - - (40,490 ) 15.90 - - Expired - - - - - - - - Outstanding, end of period 926,776 $ 15.52 953,730 $ 15.53 926,776 $ 15.52 953,730 $ 15.53 For the three nine July 31, 2023, July 31, 2022 - July 31, 2022 -

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of income tax [text block]	10. Income tax provision: Income tax provision for the three nine July 31, 2023 July 31, 2022 - July 31, 2022 - not 2022 not

Note 11 - Income Per Common Sha

Note 11 - Income Per Common Share	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of earnings per share [text block]	11. Income per common share: (thousands of Canadian dollars, except shares outstanding and per share amounts) for the three months ended for the nine months ended July 31 July 31 July 31 July 31 2023 2022 2023 2022 Net income $ 10,003 $ 5,720 $ 29,683 $ 16,229 Less: dividends on preferred shares (247 ) (247 ) (741 ) (741 ) 9,756 5,473 28,942 15,488 Weighted average number of common shares outstanding 25,957,755 27,441,082 26,386,915 27,441,082 Income per common share: $ 0.38 $ 0.20 $ 1.10 $ 0.56 Common shares associated with the Series 1

Note 12 - Derivative Instrument

Note 12 - Derivative Instruments	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	4. Securities: As at July 31, 2023, October 31, 2022 - August 3, 2023, May 1, 2025.
Derivatives [member]
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	12. Derivative instruments: At July 31, 2023, October 31, 2022 - $nil October 31, 2022 - $nil not July 31, 2023, October 31, 2022 - $nil

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of commitments and contingent liabilities [text block]	13. Commitments and contingencies: The amount of credit-related commitments represents the maximum amount of additional credit that the Bank could be obligated to extend. (thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Loan commitments $ 341,679 $ 382,851 $ 315,757 Letters of credit 82,847 60,273 58,732 $ 424,526 $ 443,124 $ 374,489

Note 14 - Related Party Transac

Note 14 - Related Party Transactions	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of related party [text block]	14. Related party transactions: The Bank’s Board of Directors and Senior Executive Officers represent key management personnel and are related parties. At July 31, 2023, October 31, 2022 - October 31, 2022 - three nine July 31, 2023, July 31, 2022 - July 31, 2022 - October 31, 2022 - $nil July 31, 2023. March 2019, 7

Note 15 - Capital Management

Note 15 - Capital Management	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of objectives, policies and processes for managing capital [text block]	15. Capital management: a) Overview: The Bank’s policy is to maintain a strong capital base so as to retain investor, creditor and market confidence as well as to support the future growth and development of the business. The impact of the level of capital held on shareholders’ return is an important consideration, and the Bank recognizes the need to maintain a balance between the higher returns that may may OSFI sets and monitors capital requirements for the Bank. Capital is managed in accordance with policies and plans that are regularly reviewed and approved by the Board of Directors and that take into account, amongst other items, forecasted capital requirements and current and anticipated financial market conditions. The goal is to maintain adequate regulatory capital for the Bank to be considered well capitalized, protect consumer deposits and provide capacity to support organic growth as well as to capitalize on strategic opportunities that do not 1 1 2 The Bank monitors its capital adequacy and related capital ratios on a daily basis and has policies setting internal targets and thresholds for its capital ratios. These capital ratios consist of the leverage ratio and the risk-based capital ratios. The Bank makes use of the Standardized Approach for credit risk as prescribed by OSFI and, therefore, may 2 During the period ended July 31, 2023, no b) Risk-based capital ratios: The Basel Committee on Banking Supervision has published the Basel III rules on capital adequacy and liquidity (“Basel III”). OSFI requires that all Canadian banks must comply with the Basel III standards on an “all-in” basis for the purpose of determining their risk-based capital ratios. Required minimum regulatory capital ratios are a 7.0% Common Equity Tier 1 “CET1” 1 OSFI also requires banks to measure capital adequacy in accordance with guidelines for determining risk- adjusted capital and risk-weighted assets including off-balance sheet credit instruments as specified in the Basel III regulations. Based on the deemed credit risk for each type of asset, both on and off-balance sheet assets of the Bank are assigned a weighting ranging between 0% 150% The Bank’s risk-based capital ratios are calculated as follows: (thousands of Canadian dollars) July 31 October 31 2023 2022 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 214,544 $ 225,982 Contributed surplus 2,339 1,612 Retained earnings 134,461 109,335 Accumulated other comprehensive income 52 99 CET1 before regulatory adjustments 351,396 337,028 Regulatory adjustments applied to CET1 (11,502 ) (11,371 ) Common Equity Tier 1 capital $ 339,894 $ 325,657 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 353,541 $ 339,304 Tier 2 capital Directly issued Tier 2 capital instruments $ 103,827 $ 107,367 Tier 2 capital before regulatory adjustments 103,827 107,367 Eligible stage 1 and stage 2 allowance 2,697 1,904 Total Tier 2 capital $ 106,524 $ 109,271 Total regulatory capital $ 460,065 $ 448,575 Total risk-weighted assets $ 3,047,172 $ 2,714,902 Capital ratios CET1 capital ratio 11.15 % 12.00 % Tier 1 capital ratio 11.60 % 12.50 % Total capital ratio 15.10 % 16.52 % As at July 31, 2023 October 31, 2022, c) Leverage ratio: The leverage ratio, which is prescribed under the Basel III Accord, is a supplementary measure to the risk-based capital requirements and is defined as the ratio of Tier 1 (thousands of Canadian dollars) July 31 October 31 2023 2022 On-balance sheet assets $ 3,980,845 $ 3,265,998 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,502 ) (11,371 ) Total on-balance sheet exposures 3,969,343 3,254,627 Total off-balance sheet exposure at gross notional amount $ 424,526 $ 443,124 Adjustments for conversion to credit equivalent amount (247,001 ) (251,101 ) Total off-balance sheet exposures 177,525 192,023 Tier 1 capital 353,541 339,304 Total exposures 4,146,868 3,446,650 Leverage ratio 8.53 % 9.84 % As at July 31, 2023 October 31, 2022,

Note 16 - Interest Rate Risk Po

Note 16 - Interest Rate Risk Position	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of how entity manages liquidity risk [text block]	16. Interest rate risk position: The Bank is subject to interest rate risk, which is the risk that a movement in interest rates could negatively impact net interest margin, net interest income and the economic value of assets, liabilities and shareholders’ equity. The following table provides the duration difference between the Bank’s assets and liabilities and the potential after-tax impact of a 100 12 (thousands of Canadian dollars) July 31, 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 $ 5,114 $ (5,123 ) $ 4,304 $ (4,261 ) Duration difference between assets and liabilities in months (2.3 ) 1.4

Note 17 - Fair Value of Financi

Note 17 - Fair Value of Financial Instruments	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of fair value of financial instruments [text block]	17. Fair value of financial instruments: Fair values are based on management’s best estimates of market conditions and valuation policies at a certain point in time. The estimates are subjective and involve particular assumptions and judgement and, as such, may not not not 18 October 31, 2022 (thousands of Canadian dollars) As at July 31, 2023 October 31, 2022 Carrying Fair Carrying Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash $ 87,726 $ 87,726 $ 88,581 $ 88,581 Securities 182,944 182,944 141,564 141,564 Loans 3,661,672 3,636,974 2,992,678 2,963,676 Other 5,248 5,248 4,727 4,727 Liabilities Deposits $ 3,328,017 $ 3,238,741 $ 2,657,540 $ 2,561,421 Subordinated notes payable 101,585 103,827 104,951 107,367 Other 181,014 181,014 146,249 146,249

Note 18 - Operating Segmentatio

Note 18 - Operating Segmentation	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of entity's operating segments [text block]	18. Operating segmentation: The Bank has established two reportable operating segments, those being Digital Banking and DRTC (cybersecurity services). The two Digital Banking DRTC (cybersecurity services and banking and financial technology development) The basis for the determination of the reportable segments is a function primarily of the systematic, consistent process employed by the Bank’s chief operating decision maker, the Chief Executive Officer, and the Chief Financial Officer in reviewing and interpreting the operations and performance of each segment. The accounting policies applied to these segments are consistent with those employed in the preparation of the Bank’s Consolidated Financial Statements, as disclosed in note 3 2022 Performance is measured based on segment net income, as included in the Bank’s internal management reporting. Management has determined that this measure is the most relevant in evaluating segment results and in the allocation of resources. The following table sets out the results of each reportable operating segment as at and for the three nine July 31, 2023 2022: (thousands of Canadian dollars) for the three months ended July 31, 2023 July 31, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 24,929 $ - $ - $ 24,929 $ 20,062 $ - $ - $ 20,062 Non-interest income 101 2,020 (191 ) 1,930 12 1,206 (41 ) 1,177 Total revenue 25,030 2,020 (191 ) 26,859 20,074 1,206 (41 ) 21,239 Provision for (recovery of) credit losses 171 - - 171 166 - - 166 24,859 2,020 (191 ) 26,688 19,908 1,206 (41 ) 21,073 Non-interest expenses: Salaries and benefits 5,891 1,562 - 7,453 5,600 1,168 - 6,768 General and administrative 4,257 380 (191 ) 4,446 5,217 343 (41 ) 5,519 Premises and equipment 610 370 - 980 610 319 - 929 10,758 2,312 (191 ) 12,879 11,427 1,830 (41 ) 13,216 Income (loss) before income taxes 14,101 (292 ) - 13,809 8,481 (624 ) - 7,857 Income tax provision 3,999 (193 ) - 3,806 2,099 38 - 2,137 Net income (loss) $ 10,102 $ (99 ) $ - $ 10,003 $ 6,382 $ (662 ) $ - $ 5,720 Total assets $ 3,971,781 $ 25,485 $ (16,421 ) $ 3,980,845 $ 3,076,611 $ 21,796 $ (23,064 ) $ 3,075,343 Total liabilities $ 3,609,832 $ 29,123 $ (23,153 ) $ 3,615,802 $ 2,725,820 $ 24,794 $ (21,919 ) $ 2,728,695 (thousands of Canadian dollars) for the nine months ended July 31, 2023 July 31, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 73,812 $ - $ - $ 73,812 $ 54,189 $ - $ - $ 54,189 Non-interest income 225 5,999 (574 ) 5,650 14 4,061 (124 ) 3,951 Total revenue 74,037 5,999 (574 ) 79,462 54,203 4,061 (124 ) 58,140 Provision for (recovery of) credit losses 793 - - 793 246 - - 246 73,244 5,999 (574 ) 78,669 53,957 4,061 (124 ) 57,894 Non-interest expenses: Salaries and benefits 19,505 4,634 - 24,139 16,625 2,952 - 19,577 General and administrative 10,250 1,212 (574 ) 10,888 12,460 826 (124 ) 13,162 Premises and equipment 1,845 1,068 - 2,913 1,851 1,029 - 2,880 31,600 6,914 (574 ) 37,940 30,936 4,807 (124 ) 35,619 Income (loss) before income taxes 41,644 (915 ) - 40,729 23,021 (746 ) - 22,275 Income tax provision 11,779 (733 ) - 11,046 5,805 241 - 6,046 Net income (loss) $ 29,865 $ (182 ) $ - $ 29,683 $ 17,216 $ (987 ) $ - $ 16,229 Total assets $ 3,971,781 $ 25,485 $ (16,421 ) $ 3,980,845 $ 3,076,611 $ 21,796 $ (23,064 ) $ 3,075,343 Total liabilities $ 3,609,832 $ 29,123 $ (23,153 ) $ 3,615,802 $ 2,725,820 $ 24,794 $ (21,919 ) $ 2,728,695 The Bank has operations in the US, through both its Digital Banking and DRTC businesses, however as at July 31, 2023,

Note 19 - Comparative Balances

Note 19 - Comparative Balances	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of reclassifications or changes in presentation [text block]	19. Comparative balances: Certain comparative balances have been reclassified to conform with the financial statement presentation adopted in the current period.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2023
Discloure of Significant Accounting Policies
Description of accounting policy for derivative financial instruments [text block]	Derivative instruments: Derivatives are reported as other assets when they have a positive fair value and as other liabilities when they have a negative fair value. Derivatives may not not
Description of accounting policy for hedging [text block]	Hedge accounting: The Bank has elected, as permitted, to apply the hedge accounting requirements of IAS 39. To meet the criteria for hedge accounting, the Bank documents all relationships between hedging instruments and hedged items, how hedge effectiveness is assessed, as well as its risk management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives to specific assets or liabilities on the Consolidated Balance Sheet. The Bank also formally assesses, both at the inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are effective in offsetting changes in fair values or cash flows of the hedged items. There are three The Bank has only fair value hedges outstanding. In a fair value hedge, the change in the fair value of the hedging derivative is recognized in non-interest income in the Consolidated Statements of Income and Comprehensive Income. The change in the fair value of the hedged item attributable to 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 5 - Loans, Net of Allowa_2

Note 5 - Loans, Net of Allowance for Credit Losses (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Discosure of loans, net [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Point-of-sale loans and leases $ 2,776,126 $ 2,220,894 $ 1,998,993 Commercial real estate mortgages 810,630 710,369 755,042 Commercial real estate loans 9,298 13,165 13,510 Public sector and other financing 49,627 35,452 35,605 3,645,681 2,979,880 2,803,150 Allowance for credit losses (2,697 ) (1,904 ) (1,699 ) Accrued interest 18,688 14,702 12,670 Total loans, net of allowance for credit losses $ 3,661,672 $ 2,992,678 $ 2,814,121
Disclosure of loans by lending asset category [text block]	As at July 31, 2023 As at October 31, 2022 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases $ 2,770,509 $ 5,617 $ - $ 2,776,126 $ 2,215,388 $ 5,227 $ 279 $ 2,220,894 ECL allowance 646 - - 646 545 - - 545 EL % 0.02 % 0.00 % 0.00 % 0.02 % 0.02 % 0.00 % 0.00 % 0.02 % Commercial real estate mortgages $ 746,771 $ 48,752 $ 15,107 $ 810,630 $ 599,113 $ 111,256 $ - $ 710,369 ECL allowance 1,655 251 - 1,906 1,150 137 - 1,287 EL % 0.22 % 0.51 % 0.00 % 0.24 % 0.19 % 0.12 % 0.00 % 0.18 % Commercial real estate loans $ 9,298 $ - $ - $ 9,298 $ 13,165 $ - $ - $ 13,165 ECL allowance 50 - - 50 54 - - 54 EL % 0.54 % 0.00 % 0.00 % 0.54 % 0.41 % 0.00 % 0.00 % 0.41 % Public sector and other financing $ 45,060 $ 4,567 $ - $ 49,627 $ 35,273 $ 179 $ - $ 35,452 ECL allowance 74 21 - 95 17 1 - 18 EL % 0.16 % 0.46 % 0.00 % 0.19 % 0.05 % 0.56 % 0.00 % 0.05 % Total loans $ 3,571,638 $ 58,936 $ 15,107 $ 3,645,681 $ 2,862,939 $ 116,662 $ 279 $ 2,979,880 Total ECL allowance 2,425 272 - 2,697 1,766 138 - 1,904 Total EL % 0.07 % 0.46 % 0.00 % 0.07 % 0.06 % 0.12 % 0.00 % 0.06 %
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [text block]	(thousands of Canadian dollars) Reported 100 % 100 % 100 % ECL Upside Baseline Downside Allowance for expected credit losses $ 2,697 $ 1,751 $ 2,242 $ 3,117 Variance from reported ECL (946 ) (455 ) 420 Variance from reported ECL (%) (35 %) (17 %) 16 %
Disclosure of Reconciliation of changes in allowance account for credit losses of financial assets [text block]	(thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 627 $ - $ - $ 627 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 52 (33 ) - 19 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 19 - - 19 Write-offs - - - - Recoveries - - - - Balance at end of period $ 646 $ - $ - $ 646 Commercial real estate mortgages Balance at beginning of period $ 1,647 $ 120 $ - $ 1,767 Transfer in (out) to Stage 1 14 (14 ) - - Transfer in (out) to Stage 2 (106 ) 106 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 138 44 - 182 Loan originations 56 - - 56 Derecognitions and maturities (94 ) (5 ) - (99 ) Provision for (recovery of) credit losses 8 131 - 139 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,655 $ 251 $ - $ 1,906 Commercial real estate loans Balance at beginning of period $ 59 $ - $ - $ 59 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 (4 ) - - (4 ) Provision for (recovery of) credit losses (9 ) - - (9 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 50 $ - $ - $ 50 Public sector and other financing Balance at beginning of period $ 70 $ 3 $ - $ 73 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (8 ) 8 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (4 ) 10 - 6 Loan originations 16 - - 16 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 4 18 - 22 Write-offs - - - - Recoveries - - - - Balance at end of period $ 74 $ 21 $ - $ 95 Total balance at end of period $ 2,425 $ 272 $ - $ 2,697 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 419 $ - $ - $ 419 Transfer in (out) to Stage 1 16 (16 ) - - Transfer in (out) to Stage 2 (45 ) 45 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 138 (29 ) - 109 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 109 - - 109 Write-offs - - - - Recoveries - - - - Balance at end of period $ 528 $ - $ - $ 528 Commercial real estate mortgages Balance at beginning of period $ 948 $ 101 $ - $ 1,049 Transfer in (out) to Stage 1 16 (16 ) - - Transfer in (out) to Stage 2 (88 ) 88 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 49 (38 ) - 11 Loan originations 64 - - 64 Derecognitions and maturities (10 ) (18 ) - (28 ) Provision for (recovery of) credit losses 31 16 - 47 Write-offs - - - - Recoveries - - - - Balance at end of period $ 979 $ 117 $ - $ 1,096 Commercial real estate loans Balance at beginning of period $ 40 $ - $ - $ 40 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 9 - - 9 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 9 - - 9 Write-offs - - - - Recoveries - - - - Balance at end of period $ 49 $ - $ - $ 49 Public sector and other financing Balance at beginning of period $ 24 $ 1 $ - $ 25 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 - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 1 - - 1 Write-offs - - - - Recoveries - - - - Balance at end of period $ 25 $ 1 $ - $ 26 Total balance at end of period $ 1,581 $ 118 $ - $ 1,699 (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 1 122 (122 ) - - Transfer in (out) to Stage 2 (257 ) 257 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 236 (135 ) - 101 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 101 - - 101 Write-offs - - - - Recoveries - - - - Balance at end of period $ 646 $ - $ - $ 646 Commercial real estate mortgages Balance at beginning of period $ 1,150 $ 137 $ - $ 1,287 Transfer in (out) to Stage 1 93 (93 ) - - Transfer in (out) to Stage 2 (224 ) 224 - - Transfer in (out) to Stage 3 - (13 ) 13 - Net remeasurement of loss allowance 560 6 (13 ) 553 Loan originations 205 - - 205 Derecognitions and maturities (129 ) (10 ) - (139 ) Provision for (recovery of) credit losses 505 114 - 619 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,655 $ 251 $ - $ 1,906 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 - - - - Loan originations - - - - Derecognitions and maturities (4 ) - - (4 ) Provision for (recovery of) credit losses (4 ) - - (4 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 50 $ - $ - $ 50 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 (8 ) 8 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 6 12 - 18 Loan originations 59 - - 59 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 57 20 - 77 Write-offs - - - - Recoveries - - - - Balance at end of period $ 74 $ 21 $ - $ 95 Total balance at end of period $ 2,425 $ 272 $ - $ 2,697 (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 68 (68 ) - - Transfer in (out) to Stage 2 (130 ) 130 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 315 (62 ) - 253 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 253 - - 253 Write-offs - - - - Recoveries - - - - Balance at end of period $ 528 $ - $ - $ 528 Commercial real estate mortgages Balance at beginning of period $ 980 $ 134 $ - $ 1,114 Transfer in (out) to Stage 1 38 (38 ) - - Transfer in (out) to Stage 2 (92 ) 92 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (48 ) (49 ) - (97 ) Loan originations 224 - - 224 Derecognitions and maturities (123 ) (22 ) - (145 ) Provision for (recovery of) credit losses (1 ) (17 ) - (18 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 979 $ 117 $ - $ 1,096 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 4 - - 4 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 4 - - 4 Write-offs - - - - Recoveries - - - - Balance at end of period $ 49 $ - $ - $ 49 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 10 (2 ) - 8 Loan originations - - - - Derecognitions and maturities (1 ) - - (1 ) Provision for (recovery of) credit losses 9 (2 ) - 7 Write-offs - - - - Recoveries - - - - Balance at end of period $ 25 $ 1 $ - $ 26 Total balance at end of period $ 1,581 $ 118 $ - $ 1,699

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about other assets [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Accounts receivable $ 3,177 $ 3,774 $ 3,744 Prepaid expenses and other 14,017 10,213 10,010 Property and equipment 6,687 6,868 6,965 Right-of-use assets 3,602 4,122 4,296 Deferred tax asset 2,641 2,128 2,248 Interest rate swap 1,118 - - Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets (note 6b) 10,554 9,363 9,356 $ 48,503 $ 43,175 $ 43,326

Note 7 - Subordinated Notes P_2

Note 7 - Subordinated Notes Payable (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about borrowings [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $ 5.0 500,000 10.41 March 2029 $ 4,916 $ 4,908 $ 4,906 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $ 75.0 5.38 May 2031 96,669 100,043 93,800 $ 101,585 $ 104,951 $ 98,706

Note 8 - Other Liabilities (Tab

Note 8 - Other Liabilities (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about other liabilities [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Accounts payable and other $ 7,265 $ 7,662 $ 8,317 Current income tax liability 4,527 5,797 3,157 Deferred tax liability 659 786 769 Lease obligations 3,944 4,471 4,644 Cash collateral and amounts held in escrow 9,657 8,006 10,992 Cash reserves on loan and lease receivables 160,148 126,110 127,047 $ 186,200 $ 152,832 $ 154,926

Note 9 - Share Capital (Tables)

Note 9 - Share Capital (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of number and weighted average exercise prices of share options [text block]	for the three months ended for the nine months ended July 31, 2023 July 31, 2022 July 31, 2023 July 31, 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 952,776 $ 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 (26,000 ) 15.90 - - (40,490 ) 15.90 - - Expired - - - - - - - - Outstanding, end of period 926,776 $ 15.52 953,730 $ 15.53 926,776 $ 15.52 953,730 $ 15.53

Note 11 - Income Per Common S_2

Note 11 - Income Per Common Share (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Earnings per share [text block]	(thousands of Canadian dollars, except shares outstanding and per share amounts) for the three months ended for the nine months ended July 31 July 31 July 31 July 31 2023 2022 2023 2022 Net income $ 10,003 $ 5,720 $ 29,683 $ 16,229 Less: dividends on preferred shares (247 ) (247 ) (741 ) (741 ) 9,756 5,473 28,942 15,488 Weighted average number of common shares outstanding 25,957,755 27,441,082 26,386,915 27,441,082 Income per common share: $ 0.38 $ 0.20 $ 1.10 $ 0.56

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of commitments [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2023 2022 2022 Loan commitments $ 341,679 $ 382,851 $ 315,757 Letters of credit 82,847 60,273 58,732 $ 424,526 $ 443,124 $ 374,489

Note 15 - Capital Management (T

Note 15 - Capital Management (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of regulatory capital and capital ratios [text block]	(thousands of Canadian dollars) July 31 October 31 2023 2022 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 214,544 $ 225,982 Contributed surplus 2,339 1,612 Retained earnings 134,461 109,335 Accumulated other comprehensive income 52 99 CET1 before regulatory adjustments 351,396 337,028 Regulatory adjustments applied to CET1 (11,502 ) (11,371 ) Common Equity Tier 1 capital $ 339,894 $ 325,657 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 353,541 $ 339,304 Tier 2 capital Directly issued Tier 2 capital instruments $ 103,827 $ 107,367 Tier 2 capital before regulatory adjustments 103,827 107,367 Eligible stage 1 and stage 2 allowance 2,697 1,904 Total Tier 2 capital $ 106,524 $ 109,271 Total regulatory capital $ 460,065 $ 448,575 Total risk-weighted assets $ 3,047,172 $ 2,714,902 Capital ratios CET1 capital ratio 11.15 % 12.00 % Tier 1 capital ratio 11.60 % 12.50 % Total capital ratio 15.10 % 16.52 % (thousands of Canadian dollars) July 31 October 31 2023 2022 On-balance sheet assets $ 3,980,845 $ 3,265,998 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,502 ) (11,371 ) Total on-balance sheet exposures 3,969,343 3,254,627 Total off-balance sheet exposure at gross notional amount $ 424,526 $ 443,124 Adjustments for conversion to credit equivalent amount (247,001 ) (251,101 ) Total off-balance sheet exposures 177,525 192,023 Tier 1 capital 353,541 339,304 Total exposures 4,146,868 3,446,650 Leverage ratio 8.53 % 9.84 %

Note 16 - Interest Rate Risk _2

Note 16 - Interest Rate Risk Position (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk [text block]	(thousands of Canadian dollars) July 31, 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 $ 5,114 $ (5,123 ) $ 4,304 $ (4,261 ) Duration difference between assets and liabilities in months (2.3 ) 1.4

Note 17 - Fair Value of Finan_2

Note 17 - Fair Value of Financial Instruments (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of detailed information about financial instruments [text block]	(thousands of Canadian dollars) As at July 31, 2023 October 31, 2022 Carrying Fair Carrying Fair (thousands of Canadian dollars) Value Value Value Value Assets Cash $ 87,726 $ 87,726 $ 88,581 $ 88,581 Securities 182,944 182,944 141,564 141,564 Loans 3,661,672 3,636,974 2,992,678 2,963,676 Other 5,248 5,248 4,727 4,727 Liabilities Deposits $ 3,328,017 $ 3,238,741 $ 2,657,540 $ 2,561,421 Subordinated notes payable 101,585 103,827 104,951 107,367 Other 181,014 181,014 146,249 146,249

Note 18 - Operating Segmentat_2

Note 18 - Operating Segmentation (Tables)	9 Months Ended
	Jul. 31, 2023
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	(thousands of Canadian dollars) for the three months ended July 31, 2023 July 31, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 24,929 $ - $ - $ 24,929 $ 20,062 $ - $ - $ 20,062 Non-interest income 101 2,020 (191 ) 1,930 12 1,206 (41 ) 1,177 Total revenue 25,030 2,020 (191 ) 26,859 20,074 1,206 (41 ) 21,239 Provision for (recovery of) credit losses 171 - - 171 166 - - 166 24,859 2,020 (191 ) 26,688 19,908 1,206 (41 ) 21,073 Non-interest expenses: Salaries and benefits 5,891 1,562 - 7,453 5,600 1,168 - 6,768 General and administrative 4,257 380 (191 ) 4,446 5,217 343 (41 ) 5,519 Premises and equipment 610 370 - 980 610 319 - 929 10,758 2,312 (191 ) 12,879 11,427 1,830 (41 ) 13,216 Income (loss) before income taxes 14,101 (292 ) - 13,809 8,481 (624 ) - 7,857 Income tax provision 3,999 (193 ) - 3,806 2,099 38 - 2,137 Net income (loss) $ 10,102 $ (99 ) $ - $ 10,003 $ 6,382 $ (662 ) $ - $ 5,720 Total assets $ 3,971,781 $ 25,485 $ (16,421 ) $ 3,980,845 $ 3,076,611 $ 21,796 $ (23,064 ) $ 3,075,343 Total liabilities $ 3,609,832 $ 29,123 $ (23,153 ) $ 3,615,802 $ 2,725,820 $ 24,794 $ (21,919 ) $ 2,728,695 (thousands of Canadian dollars) for the nine months ended July 31, 2023 July 31, 2022 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 73,812 $ - $ - $ 73,812 $ 54,189 $ - $ - $ 54,189 Non-interest income 225 5,999 (574 ) 5,650 14 4,061 (124 ) 3,951 Total revenue 74,037 5,999 (574 ) 79,462 54,203 4,061 (124 ) 58,140 Provision for (recovery of) credit losses 793 - - 793 246 - - 246 73,244 5,999 (574 ) 78,669 53,957 4,061 (124 ) 57,894 Non-interest expenses: Salaries and benefits 19,505 4,634 - 24,139 16,625 2,952 - 19,577 General and administrative 10,250 1,212 (574 ) 10,888 12,460 826 (124 ) 13,162 Premises and equipment 1,845 1,068 - 2,913 1,851 1,029 - 2,880 31,600 6,914 (574 ) 37,940 30,936 4,807 (124 ) 35,619 Income (loss) before income taxes 41,644 (915 ) - 40,729 23,021 (746 ) - 22,275 Income tax provision 11,779 (733 ) - 11,046 5,805 241 - 6,046 Net income (loss) $ 29,865 $ (182 ) $ - $ 29,683 $ 17,216 $ (987 ) $ - $ 16,229 Total assets $ 3,971,781 $ 25,485 $ (16,421 ) $ 3,980,845 $ 3,076,611 $ 21,796 $ (23,064 ) $ 3,075,343 Total liabilities $ 3,609,832 $ 29,123 $ (23,153 ) $ 3,615,802 $ 2,725,820 $ 24,794 $ (21,919 ) $ 2,728,695

Note 4 - Securities (Details Te

Note 4 - Securities (Details Textual) - CAD ($)	9 Months Ended
	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Statement Line Items [Line Items]
Investments in Securities	$ 182,944,000	$ 141,564,000	$ 133,682,000
Government of Canada Treasury Bills and a U.S. Government Treasury Bill [member]
Statement Line Items [Line Items]
Investments in Securities	182,900,000	$ 141,600,000
Zero-coupon Bank of Canada treasury bills [member]
Statement Line Items [Line Items]
Cash payment to acquire securities	181,800,000
Notional amount	$ 182,000,000
Financial assets, interest rate	4.89%
Government of Canada Bond [Member]
Statement Line Items [Line Items]
Cash payment to acquire securities	$ 990,000
Notional amount	$ 1
Financial assets, interest rate	4.73%
Financial assets, coupon rate	3.75%

Note 5 - Loans, Net of Allowa_3

Note 5 - Loans, Net of Allowance for Credit Losses - Portfolio Analysis (Details) - Loans [member] - CAD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022	Jul. 31, 2022	Apr. 30, 2022	Oct. 31, 2021
Statement Line Items [Line Items]
Loans, gross	$ 3,645,681		$ 2,979,880	$ 2,803,150
Allowance for credit losses	(2,697)		(1,904)	(1,699)
Accrued interest	18,688		14,702	12,670
Total loans, net of allowance for credit losses	3,661,672		2,992,678	2,814,121
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Loans, gross	2,776,126		2,220,894	1,998,993
Allowance for credit losses	(646)	$ (627)	(545)	(528)	$ (419)	$ (275)
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Loans, gross	810,630		710,369	755,042
Allowance for credit losses	(1,906)	(1,767)	(1,287)	(1,096)	(1,049)	(1,114)
Commercial real estate loans [member]
Statement Line Items [Line Items]
Loans, gross	9,298		13,165	13,510
Allowance for credit losses	(50)	(59)	(54)	(49)	(40)	(45)
Public sector and other financing [member]
Statement Line Items [Line Items]
Loans, gross	49,627		35,452	35,605
Allowance for credit losses	$ (95)	$ (73)	$ (18)	$ (26)	$ (25)	$ (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) - Loans [member] - CAD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022	Jul. 31, 2022	Apr. 30, 2022	Oct. 31, 2021
Statement Line Items [Line Items]
Notional amount	$ 3,645,681		$ 2,979,880	$ 2,803,150
ECL allowance	$ 2,697		$ 1,904	1,699
EL %	0.07%		0.06%
Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 3,571,638		$ 2,862,939
ECL allowance	$ 2,425		$ 1,766	1,581
EL %	0.07%		0.06%
Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 58,936		$ 116,662
ECL allowance	$ 272		$ 138	118
EL %	0.46%		0.12%
Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 15,107		$ 279
ECL allowance	$ 0		$ 0	0
EL %	0%		0%
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Notional amount	$ 2,776,126		$ 2,220,894	1,998,993
ECL allowance	$ 646	$ 627	$ 545	528	$ 419	$ 275
EL %	0.02%		0.02%
Point of sale loans and leases [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 2,770,509		$ 2,215,388
ECL allowance	$ 646	627	$ 545	528	419	275
EL %	0.02%		0.02%
Point of sale loans and leases [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 5,617		$ 5,227
ECL allowance	$ 0	0	$ 0	0	0	0
EL %	0%		0%
Point of sale loans and leases [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0		$ 279
ECL allowance	$ 0	0	$ 0	0	0	0
EL %	0%		0%
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Notional amount	$ 810,630		$ 710,369	755,042
ECL allowance	$ 1,906	1,767	$ 1,287	1,096	1,049	1,114
EL %	0.24%		0.18%
Commercial real estate mortgages [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 746,771		$ 599,113
ECL allowance	$ 1,655	1,647	$ 1,150	979	948	980
EL %	0.22%		0.19%
Commercial real estate mortgages [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 48,752		$ 111,256
ECL allowance	$ 251	120	$ 137	117	101	134
EL %	0.51%		0.12%
Commercial real estate mortgages [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 15,107		$ 0
ECL allowance	$ 0	0	$ 0	0	0	0
EL %	0%		0%
Commercial real estate loans [member]
Statement Line Items [Line Items]
Notional amount	$ 9,298		$ 13,165	13,510
ECL allowance	$ 50	59	$ 54	49	40	45
EL %	0.54%		0.41%
Commercial real estate loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 9,298		$ 13,165
ECL allowance	$ 50	59	$ 54	49	40	45
EL %	0.54%		0.41%
Commercial real estate loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 0		$ 0
ECL allowance	$ 0	0	$ 0	0	0	0
EL %	0%		0%
Commercial real estate loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0		$ 0
ECL allowance	$ 0	0	$ 0	0	0	0
EL %	0%		0%
Public sector and other financing [member]
Statement Line Items [Line Items]
Notional amount	$ 49,627		$ 35,452	35,605
ECL allowance	$ 95	73	$ 18	26	25	19
EL %	0.19%		0.05%
Public sector and other financing [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 45,060		$ 35,273
ECL allowance	$ 74	70	$ 17	25	24	16
EL %	0.16%		0.05%
Public sector and other financing [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 4,567		$ 179
ECL allowance	$ 21	3	$ 1	1	1	3
EL %	0.46%		0.56%
Public sector and other financing [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0		$ 0
ECL allowance	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
EL %	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	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 2,697	$ 1,904	$ 1,699
Upside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	1,751
Variance from reported ECL	$ (946)
Variance from reported ECL (%)	(35.00%)
Baseline, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 2,242
Variance from reported ECL	$ (455)
Variance from reported ECL (%)	(17.00%)
Downside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 3,117
Variance from reported ECL	$ 420
Variance from reported ECL (%)	16%

Note 5 - Loans, Net of Allowa_6

Note 5 - Loans, Net of Allowance for Credit Losses - Reconciliation of ECL Allowance by Lending Asset Category (Details) - CAD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jul. 30, 2022
Statement Line Items [Line Items]
Provision for (recovery of) credit losses	$ 171	$ 166	$ 793	$ 246	$ 246
Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period			1,904
Recoveries	0	0	0	0
Balance at end of period	2,697	1,699	2,697	1,699
Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period			1,766
Net remeasurement of loss allowance	52	138	236	315
Recoveries	0	0	0	0
Balance at end of period	2,425	1,581	2,425	1,581
Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period			138
Net remeasurement of loss allowance	(33)	(29)	(135)	(62)
Recoveries	0	0	0	0
Balance at end of period	272	118	272	118
Loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period			0
Net remeasurement of loss allowance	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	0	0	0	0
Loans [member] | Point of sale loans and leases [member]
Statement Line Items [Line Items]
Balance at beginning of period	627	419	545	275	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	19	109	101	253
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	19	109	101	253
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	646	528	646	528
Loans [member] | Point of sale loans and leases [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	627	419	545	275	275
Transfer in (out) to Stage 1	52	16	122	68
Transfer in (out) to Stage 2	(85)	(45)	(257)	(130)
Transfer in (out) to Stage 3	0	0	0	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	19	109	101	253
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	646	528	646	528
Loans [member] | Point of sale loans and leases [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0	0	0	0
Transfer in (out) to Stage 1	(52)	(16)	(122)	(68)
Transfer in (out) to Stage 2	85	45	257	130
Transfer in (out) to Stage 3	0	0	0	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	0	0	0
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	0	0	0	0
Loans [member] | Point of sale loans and leases [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	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
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	0	0	0
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	0	0	0	0
Loans [member] | Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,767	1,049	1,287	1,114	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	182	11	553	(97)
Loan originations	56	64	205	224
Derecognitions and maturities	(99)	(28)	(139)	(145)
Provision for (recovery of) credit losses	139	47	619	(18)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	1,906	1,096	1,906	1,096
Loans [member] | Commercial real estate mortgages [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,647	948	1,150	980	980
Transfer in (out) to Stage 1	14	16	93	38
Transfer in (out) to Stage 2	(106)	(88)	(224)	(92)
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	138	49	560	(48)
Loan originations	56	64	205	224
Derecognitions and maturities	(94)	(10)	(129)	(123)
Provision for (recovery of) credit losses	8	31	505	(1)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	1,655	979	1,655	979
Loans [member] | Commercial real estate mortgages [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	120	101	137	134	134
Transfer in (out) to Stage 1	(14)	(16)	(93)	(38)
Transfer in (out) to Stage 2	106	88	224	92
Transfer in (out) to Stage 3	0	0	(13)	0
Net remeasurement of loss allowance	44	(38)	6	(49)
Loan originations	0	0	0	0
Derecognitions and maturities	(5)	(18)	(10)	(22)
Provision for (recovery of) credit losses	131	16	114	(17)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	251	117	251	117
Loans [member] | Commercial real estate mortgages [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	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	13	0
Net remeasurement of loss allowance	0	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
Recoveries	0	0	0	0
Balance at end of period	0	0	0	0
Loans [member] | Commercial real estate loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	59	40	54	45	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	(5)	9	0	4
Loan originations	0	0	0	0
Derecognitions and maturities	(4)	0	(4)	0
Provision for (recovery of) credit losses	(9)	9	(4)	4
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	50	49	50	49
Loans [member] | Commercial real estate loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	59	40	54	45	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	(5)	9	0	4
Loan originations	0	0	0	0
Derecognitions and maturities	(4)	0	(4)	0
Provision for (recovery of) credit losses	(9)	9	(4)	4
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	50	49	50	49
Loans [member] | Commercial real estate loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0	0	0	0
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	0	0	0	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	0	0	0
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	0	0	0	0
Loans [member] | Commercial real estate loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0	0	0	0
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	0	0	0	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	0	0	0	0
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	0	0	0	0
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance at end of period	0	0	0	0
Loans [member] | Public sector and other financing [member]
Statement Line Items [Line Items]
Balance at beginning of period	73	25	18	19	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	6	1	18	8
Loan originations	16	0	59	0
Derecognitions and maturities	0	0	0	(1)
Provision for (recovery of) credit losses	22	1	77	7
Write-offs	0	0	0	0
Balance at end of period	95	26	95	26
Loans [member] | Public sector and other financing [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	70	24	17	16	16
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	(8)	0	(8)	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	(4)	1	6	10
Loan originations	16	0	59	0
Derecognitions and maturities	0	0	0	(1)
Provision for (recovery of) credit losses	4	1	57	9
Write-offs	0	0	0	0
Balance at end of period	74	25	74	25
Loans [member] | Public sector and other financing [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	3	1	1	3	3
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	8	0	8	0
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	10	0	12	(2)
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	18	0	20	(2)
Write-offs	0	0	0	0
Balance at end of period	21	1	21	1
Loans [member] | Public sector and other financing [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	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
Balance at end of period	$ 0	$ 0	$ 0	$ 0

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual) - CAD ($)	2 Months Ended
	Feb. 28, 2021	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Statement Line Items [Line Items]
Total intangible assets other than goodwill		$ 10,554,000	$ 9,363,000	$ 9,356,000
Capitilised development costs		$ 7,700,000	$ 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	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Statement Line Items [Line Items]
Accounts receivable	$ 3,177	$ 3,774	$ 3,744
Prepaid expenses and other	14,017	10,213	10,010
Property and equipment	6,687	6,868	6,965
Right-of-use assets	3,602	4,122	4,296
Deferred tax asset	2,641	2,128	2,248
Interest rate swap	1,118	0	0
Investment (note 6a)	953	953	953
Goodwill	5,754	5,754	5,754
Intangible assets (note 6b)	10,554	9,363	9,356
Other assets	$ 48,503	$ 43,175	$ 43,326

Note 7 - Subordinated Notes P_3

Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) - CAD ($)	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Subordinated notes payable	$ 4,916,000	$ 4,908,000	$ 4,906,000
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Subordinated notes payable	96,669	100,043	93,800
Subordinated notes payable [member]
Statement Line Items [Line Items]
Subordinated notes payable	$ 101,585,000	$ 104,951,000	$ 98,706,000

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
	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Principal amount	$ 5,000,000	$ 5,000,000	$ 5,000,000
Interest rate	10.41%	10.41%	10.41%
Maturity date	Mar. 31, 2029	Mar. 31, 2029	Mar. 31, 2029
Subordinated notes payable, maturing March 2029 [member] | Key management personnel of entity or parent [member]
Statement Line Items [Line Items]
Principal amount	$ 500,000	$ 500,000	$ 500,000
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Principal amount	$ 75,000,000	$ 75,000,000	$ 75,000,000
Interest rate	5.38%	5.38%	5.38%
Maturity date	May 31, 2031	May 31, 2031	May 31, 2031

Note 8 - Other Liabilities - Sc

Note 8 - Other Liabilities - Schedule of Other Liabilities (Details) - CAD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Statement Line Items [Line Items]
Accounts payable and other	$ 7,265	$ 7,662	$ 8,317
Current income tax liability	4,527	5,797	3,157
Deferred tax liability	659	786	769
Lease obligations	3,944	4,471	4,644
Cash collateral and amounts held in escrow	9,657	8,006	10,992
Cash reserves on loan and lease receivables	160,148	126,110	127,047
Other liabilities	$ 186,200	$ 152,832	$ 154,926

Note 9 - Share Capital (Details

Note 9 - Share Capital (Details Textual) - CAD ($)		3 Months Ended		9 Months Ended
	Aug. 05, 2022	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	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)		79,562		1,321,358
Proceeds from issue of ordinary shares		$ 734,000		$ 13,300,000
Total expense from share-based payment transactions in which goods or services received did not qualify for recognition as assets		192,000	$ 424,000	727,000	$ 1,000,000
Retained earnings [member]
Statement Line Items [Line Items]
Reduction of issued capital		$ 45,000		$ 1,900,000
Ordinary shares [member]
Statement Line Items [Line Items]
Number of shares outstanding at end of period (in shares)		25,924,424		25,924,424		27,245,782
Ordinary shares [member] | Issued capital [member]
Statement Line Items [Line Items]
Reduction of issued capital		$ 689,000	$ 0	$ 11,438,000	$ 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		1,461,460

Note 9 - Share Capital - Stock

Note 9 - Share Capital - Stock Option Transactions (Details)	3 Months Ended		9 Months Ended
	Jul. 31, 2023 $ / shares	Jul. 31, 2022 $ / shares	Jul. 31, 2023 $ / shares	Jul. 31, 2022 $ / shares
Statement Line Items [Line Items]
Outstanding, beginning of period	952,776	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	(26,000)	0	(40,490)	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	926,776	953,730	926,776	953,730
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.52	$ 15.53	$ 15.52	$ 15.53

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision (Details Textual) - CAD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jul. 30, 2022
Statement Line Items [Line Items]
Tax income (expense)	$ 3,806	$ 2,137	$ 11,046	$ 6,046	$ 6,046
Applicable tax rate			27%	27%

Note 11 - Income Per Common S_3

Note 11 - Income Per Common Share (Details Textual)	9 Months Ended
	Jul. 31, 2023 shares
Statement Line Items [Line Items]
Dilutive effect of share options on number of ordinary shares (in shares)	40,000

Note 11 - Income Per Common S_4

Note 11 - Income Per Common Share - Basic and Diluted Income Per Common Share (Details) - CAD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jul. 30, 2022
Statement Line Items [Line Items]
Net income (loss)	$ 10,003	$ 5,720	$ 29,683	$ 16,229	$ 16,229
Less: dividends on preferred shares	(247)	(247)	(741)	(741)
Profit (loss), attributable to ordinary equity holders of parent entity	$ 9,756	$ 5,473	$ 28,942	$ 15,488
Weighted average number of common shares outstanding (in shares)	25,957,755	27,441,082	26,386,915	27,441,082
Income per common share: (in CAD per share)	$ 0.38	$ 0.20	$ 1.10	$ 0.56

Note 12 - Derivative Instrume_2

Note 12 - Derivative Instruments (Details Textual) - Interest rate swap contract [member] - CAD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022
Statement Line Items [Line Items]
Notional amount	$ 15,500	$ 0
Financial assets qualified for hedge accounting	15,500	0
Other assets [member]
Statement Line Items [Line Items]
Total financial assets	$ 1,100	$ 0

Note 13 - Commitments and Con_3

Note 13 - Commitments and Contingencies - Credit Related Commitments (Details) - CAD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Statement Line Items [Line Items]
Credit commitments	$ 424,526	$ 443,124	$ 374,489
Loan commitments [member]
Statement Line Items [Line Items]
Credit commitments	341,679	382,851	315,757
Letters of credit [member]
Statement Line Items [Line Items]
Credit commitments	$ 82,847	$ 60,273	$ 58,732

Note 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - CAD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Statement Line Items [Line Items]
Revenue from rendering of services, related party transactions	$ 26,000	$ 24,000	$ 75,000	$ 71,000
Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount	5,000,000		5,000,000
Key management personnel of entity or parent [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	1,500,000		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)	Jul. 31, 2023
Statement Line Items [Line Items]
Maximum percentage of credit risk-weighted assets for allowance	1.25%
Required minimum capital ratio, common equity tier 1	7%
Required minimum capital ratio, tier 1 capital	8.50%
Required minimum capital ratio, total capital	10.50%
Capital conservation buffer	2.50%
Minimum leverage ratio	3%

Note 15 - Capital Management -

Note 15 - Capital Management - Risk-based Capital Ratios (Details) - CAD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Jul. 30, 2022
Statement Line Items [Line Items]
Directly issued capital instruments	$ 228,191	$ 239,629	$ 241,321
Contributed surplus	2,339	1,612	1,189
Retained earnings	134,461	109,335	104,071
Accumulated other comprehensive income	52	99	67
Regulatory capital		448,575
Total risk-weighted assets		$ 2,714,902
CET1 capital ratio		16.52%
Total assets	3,980,845	$ 3,265,998	$ 3,075,343	$ 3,075,343
Transitional [member]
Statement Line Items [Line Items]
Regulatory capital	460,065
Total risk-weighted assets	$ 3,047,172
CET1 capital ratio	15.10%
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	$ 424,526	443,124
Adjustments for conversion to credit equivalent amount		251,101
Total off-balance sheet exposures	177,525	192,023
Total exposures		$ 3,446,650
Leverage ratio		9.84%
Basel III [member] | Transitional [member]
Statement Line Items [Line Items]
Total assets	3,980,845
Total on-balance sheet exposures	3,969,343
Adjustments for conversion to credit equivalent amount	247,001
Total exposures	$ 4,146,868
Leverage ratio	8.53%
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	$ (11,502)	(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	214,544
Contributed surplus	2,339
Retained earnings	134,461
Accumulated other comprehensive income	52
Regulatory capital before adjustments	351,396
Adjustments to capital	(11,502)
Regulatory capital	$ 339,894
CET1 capital ratio	11.15%
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	$ 353,541
CET1 capital ratio	11.60%
Tier 2 capital [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 103,827	$ 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	103,827
Adjustments to capital	2,697
Regulatory capital	$ 106,524

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	9 Months Ended	12 Months Ended
	Jul. 31, 2023	Oct. 31, 2022
Increase 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ 5,114	$ 4,304
Duration difference between assets and liabilities in months (Month)	2 months 9 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	$ (5,123)	$ (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	Jul. 31, 2023	Oct. 31, 2022
Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, book value	$ 3,328,017	$ 2,657,540
Liabilities, fair value	3,238,741	2,561,421
Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, book value	101,585	104,951
Liabilities, fair value	103,827	107,367
Other financial liabilities [member]
Statement Line Items [Line Items]
Liabilities, book value	181,014	146,249
Liabilities, fair value	181,014	146,249
Cash and cash equivalents [member]
Statement Line Items [Line Items]
Assets, book value	87,726	88,581
Assets, fair value	87,726	88,581
Securities [member]
Statement Line Items [Line Items]
Assets, book value	182,944	141,564
Assets, fair value	182,944	141,564
Loans, net [member]
Statement Line Items [Line Items]
Assets, book value	3,661,672	2,992,678
Assets, fair value	3,636,974	2,963,676
Other financial assets [member]
Statement Line Items [Line Items]
Assets, book value	5,248	4,727
Assets, fair value	$ 5,248	$ 4,727

Note 18 - Operating Segmentat_3

Note 18 - Operating Segmentation (Details Textual)	9 Months Ended
	Jul. 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		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jul. 30, 2022	Oct. 31, 2022
Statement Line Items [Line Items]
Net interest income	$ 24,929	$ 20,062	$ 73,812	$ 54,189	$ 54,189
Non-interest income	1,930	1,177	5,650	3,951	3,951
Total revenue	26,859	21,239	79,462	58,140	58,140
Provision for (recovery of) credit losses	171	166	793	246	246
Revenue less provision for credit loss	26,688	21,073	78,669	57,894	57,894
Non-interest expenses:
Salaries and benefits	7,453	6,768	24,139	19,577	19,577
General and administrative	4,446	5,519	10,888	13,162	13,162
Premises and equipment	980	929	2,913	2,880	2,880
Noninterest expense	12,879	13,216	37,940	35,619	35,619
Income (loss) before income taxes	13,809	7,857	40,729	22,275	22,275
Income tax provision	3,806	2,137	11,046	6,046	6,046
Net income (loss)	10,003	5,720	29,683	16,229	16,229
Total assets	3,980,845	3,075,343	3,980,845	3,075,343	3,075,343	$ 3,265,998
Total liabilities	3,615,802	2,728,695	3,615,802	2,728,695	2,728,695	$ 2,915,323
Net interest income	24,929	20,062	73,812	54,189	54,189
Non-interest income	1,930	1,177	5,650	3,951	3,951
Total revenue	26,859	21,239	79,462	58,140	58,140
Provision for (recovery of) credit losses	171	166	793	246	246
Revenue less provision for credit loss	26,688	21,073	78,669	57,894	57,894
Elimination of intersegment amounts [member]
Statement Line Items [Line Items]
Net interest income	0	0	0		0
Non-interest income	(191)	(41)	(574)		(124)
Total revenue	(191)	(41)	(574)		(124)
Provision for (recovery of) credit losses	0	0	0		0
Revenue less provision for credit loss	(191)	(41)	(574)		(124)
Non-interest expenses:
Salaries and benefits	0	0	0		0
General and administrative	(191)	(41)	(574)		(124)
Premises and equipment	0	0	0		0
Noninterest expense	(191)	(41)	(574)		(124)
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	(16,421)	(23,064)	(16,421)	(23,064)	(23,064)
Total liabilities	(23,153)	(21,919)	(23,153)	(21,919)	(21,919)
Net interest income	0	0	0		0
Non-interest income	(191)	(41)	(574)		(124)
Total revenue	(191)	(41)	(574)		(124)
Provision for (recovery of) credit losses	0	0	0		0
Revenue less provision for credit loss	(191)	(41)	(574)		(124)
Banking segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	24,929	20,062	73,812		54,189
Non-interest income	101	12	225		14
Total revenue	25,030	20,074	74,037		54,203
Provision for (recovery of) credit losses	171	166	793		246
Revenue less provision for credit loss	24,859	19,908	73,244		53,957
Non-interest expenses:
Salaries and benefits	5,891	5,600	19,505		16,625
General and administrative	4,257	5,217	10,250		12,460
Premises and equipment	610	610	1,845		1,851
Noninterest expense	10,758	11,427	31,600		30,936
Income (loss) before income taxes	14,101	8,481	41,644		23,021
Income tax provision	3,999	2,099	11,779		5,805
Net income (loss)	10,102	6,382	29,865		17,216
Total assets	3,971,781	3,076,611	3,971,781	3,076,611	3,076,611
Total liabilities	3,609,832	2,725,820	3,609,832	2,725,820	2,725,820
Net interest income	24,929	20,062	73,812		54,189
Non-interest income	101	12	225		14
Total revenue	25,030	20,074	74,037		54,203
Provision for (recovery of) credit losses	171	166	793		246
Revenue less provision for credit loss	24,859	19,908	73,244		53,957
Cybersecurity segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	0	0	0		0
Non-interest income	2,020	1,206	5,999		4,061
Total revenue	2,020	1,206	5,999		4,061
Provision for (recovery of) credit losses	0	0	0		0
Revenue less provision for credit loss	2,020	1,206	5,999		4,061
Non-interest expenses:
Salaries and benefits	1,562	1,168	4,634		2,952
General and administrative	380	343	1,212		826
Premises and equipment	370	319	1,068		1,029
Noninterest expense	2,312	1,830	6,914		4,807
Income (loss) before income taxes	(292)	(624)	(915)		(746)
Income tax provision	(193)	38	(733)		241
Net income (loss)	(99)	(662)	(182)		(987)
Total assets	25,485	21,796	25,485	21,796	21,796
Total liabilities	29,123	24,794	29,123	$ 24,794	24,794
Net interest income	0	0	0		0
Non-interest income	2,020	1,206	5,999		4,061
Total revenue	2,020	1,206	5,999		4,061
Provision for (recovery of) credit losses	0	0	0		0
Revenue less provision for credit loss	$ 2,020	$ 1,206	$ 5,999		$ 4,061