VersaBank (VBNK) 6-K 6 Mar 24 2024 Q1 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	Jan. 31, 2024
Document Information [Line Items]
Entity Central Index Key	0001690639
Entity Registrant Name	VersaBank
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Document Type	6-K
Document Period End Date	Jan. 31, 2024
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

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023
Assets
Cash	$ 127,509	$ 132,242	$ 201,372
Securities (note 4)	133,005	167,940	49,847
Loans, net of allowance for credit losses (note 5)	3,984,281	3,850,404	3,235,083
Other assets (note 6)	64,840	51,024	45,388
Total assets	4,309,635	4,201,610	3,531,690
Liabilities and Shareholders' Equity
Deposits	3,638,656	3,533,366	2,925,452
Subordinated notes payable (note 7)	103,355	106,850	102,765
Other liabilities (note 8)	178,590	184,236	152,296
Total liabilities	3,920,601	3,824,452	3,180,513
Shareholders' equity:
Share capital (note 9)	228,471	228,471	232,512
Contributed surplus	2,645	2,513	1,955
Retained earnings	157,845	146,043	116,638
Accumulated other comprehensive income	73	131	72
Total equity	389,034	377,158	351,177
Total equity and liabilities	$ 4,309,635	$ 4,201,610	$ 3,531,690

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Interest income:
Loans	$ 65,076	$ 46,855
Other	4,216	2,706
Interest income	69,292	49,561
Interest expense:
Deposits and other	41,271	23,841
Subordinated notes	1,453	1,446
Interest expense	42,724	25,287
Net interest income	26,568	24,274
Non-interest income	2,283	1,644
Total revenue	28,851	25,918
Provision for (recovery of) credit losses (note 5)	(127)	385
Revenue less provision for credit loss	28,978	25,533
Non-interest expenses:
Salaries and benefits	6,538	8,257
General and administrative	4,333	3,126
Premises and equipment	1,153	952
Noninterest expense	12,024	12,335
Income before income taxes	16,954	13,198
Income tax provision (note 10)	4,255	3,781
Net income	12,699	9,417
Other comprehensive income (loss):
Foreign exchange gain (loss) on translation of foreign operations	(58)	(27)
Comprehensive income	$ 12,641	$ 9,390
Basic and diluted income per common share (note 11) (in CAD per share)	$ 0.48	$ 0.34

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - CAD ($) $ in Thousands	Total	Issued capital [member]	Issued capital [member] Ordinary shares [member]	Issued capital [member] Preference shares [member]	Additional paid-in capital [member]	Retained earnings [member]	Accumulated other comprehensive income [member]
Balance, beginning of the period at Oct. 31, 2022			$ 225,982		$ 1,612	$ 109,335	$ 99
Statement Line Items [Line Items]
Purchased and cancelled during the period			(7,117)
Stock-based compensation (note 9)					343
Adjustment for purchased and cancelled common shares						(1,204)
Net income (loss)	$ 9,417					9,417
Dividends paid on common and preferred shares						(910)
Other comprehensive income (loss)							(27)
Balance, end of the period at Jan. 31, 2023	351,177	$ 232,512	218,865	$ 13,647	1,955	116,638	72
Balance, beginning of the period at Oct. 31, 2022			225,982		1,612	109,335	99
Statement Line Items [Line Items]
Purchased and cancelled during the period	(8,300)		(7,100)			(1,200)
Balance, end of the period at Jan. 31, 2024	389,034	228,471	214,824	13,647	2,645	157,845	73
Balance, beginning of the period at Oct. 31, 2023	377,158		214,824		2,513	146,043	131
Statement Line Items [Line Items]
Purchased and cancelled during the period			0
Stock-based compensation (note 9)					132
Adjustment for purchased and cancelled common shares						0
Net income (loss)	12,699					12,699
Dividends paid on common and preferred shares						(897)
Other comprehensive income (loss)							(58)
Balance, end of the period at Jan. 31, 2024	$ 389,034	$ 228,471	$ 214,824	$ 13,647	$ 2,645	$ 157,845	$ 73

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Cash provided by (used in):
Net income	$ 12,699	$ 9,417
Adjustments to determine net cash flows:
Provision for credit losses(recovery of)	(127)	385
Stock-based compensation	132	343
Income tax provision	4,255	3,781
Interest income	(69,292)	(49,561)
Interest expense	42,724	25,287
Amortization	574	467
Accretion of discount on securities	(83)	(533)
Foreign exchange rate change on assets and liabilities	1,859	10,663
Interest received	66,632	47,368
Interest paid	(39,203)	(15,360)
Income taxes paid	(8,334)	(7,710)
Loans	(131,151)	(241,216)
Deposits	101,830	259,294
Change in other assets and liabilities	(628)	(8,451)
Net cash flows from (used in) operating activities	(18,113)	34,174
Purchase of securities (note 19)	34,614	92,029
Purchase of property and equipment	(16,002)	(25)
Net cash flows from (used in) investing activities	18,612	92,004
Financing:
Purchase and cancellation of common shares	0	(8,321)
Dividends paid	(897)	(910)
Repayment of lease obligations	(177)	(176)
Net cash flows from (used in) financing activities	(1,074)	(9,407)
Change in cash	(575)	116,771
Effect of exchange rate changes on cash	(4,158)	(3,980)
Cash, beginning of the period	132,242	88,581
Cash, end of the period	$ 127,509	$ 201,372

Note 1 - Reporting Entity

Note 1 - Reporting Entity	3 Months Ended
	Jan. 31, 2024
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 (Canada) and is regulated by the Office of the Superintendent of Financial Institutions Canada (“OSFI”). The Bank, whose shares trade on the Toronto Stock Exchange and Nasdaq Stock Exchange, provides commercial lending and banking services to select niche markets in Canada and the United States as well as cybersecurity services through the operations of its wholly owned subsidiary DRT Cyber Inc., (“DRTC”). The Bank is incorporated and domiciled in Canada, and maintains its registered office at Suite 2002, 140 N6A 5P2.

Note 2 - Basis of Preparation

Note 2 - Basis of Preparation	3 Months Ended
	Jan. 31, 2024
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, 2023. The interim Consolidated Financial Statements for the three January 31, 2024 2023 March 4, 2024. b) Basis of measurement: These interim Consolidated Financial Statements have been prepared on the historical cost basis except securities (note 4 6 12 c) Functional and presentation currency: These interim d) Use of estimates and judgements: In preparing these interim 5 9, 6, 10. may Estimates and their underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are applied prospectively once they are known.

Note 3 - Significant Accounting

Note 3 - Significant Accounting Policies and Future Accounting Changes	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of changes in 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, 2023 3 2023

Note 4 - Securities

Note 4 - Securities	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	4. Securities: As at January 31, 2024, October 31, 2023 - February 1, 2024, May 1, 2025.

Note 5 - Loans, Net of Allowanc

Note 5 - Loans, Net of Allowance for Credit Losses	3 Months Ended
	Jan. 31, 2024
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) January 31 October 31 January 31 2024 2023 2023 Point-of-sale loans and leases $ 3,078,941 $ 2,879,320 $ 2,414,266 Commercial real estate mortgages 822,086 889,069 752,138 Commercial real estate loans 9,062 8,793 12,811 Public sector and other financing 55,078 55,054 42,523 3,965,167 3,832,236 3,221,738 Allowance for credit losses (2,386 ) (2,513 ) (2,289 ) Accrued interest 21,500 20,681 15,634 Total loans, net of allowance for credit losses $ 3,984,281 $ 3,850,404 $ 3,235,083 The following table provides a summary of loan amounts, ECL allowance amounts, and expected loss (“EL”) rates by lending asset category: As at January 31, 2024 As at October 31, 2023 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases $ 3,068,742 $ 10,199 $ - $ 3,078,941 $ 2,873,078 $ 6,242 $ - $ 2,879,320 ECL allowance 65 - - 65 100 - - 100 EL % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Commercial real estate mortgages $ 620,317 $ 201,769 $ - $ 822,086 $ 717,755 $ 155,993 $ 15,321 $ 889,069 ECL allowance 1,656 450 - 2,106 1,699 523 - 2,222 EL % 0.27 % 0.22 % 0.00 % 0.26 % 0.24 % 0.34 % 0.00 % 0.25 % Commercial real estate loans $ 9,062 $ - $ - $ 9,062 $ 8,793 $ - $ - $ 8,793 ECL allowance 55 - - 55 42 - - 42 EL % 0.61 % 0.00 % 0.00 % 0.61 % 0.48 % 0.00 % 0.00 % 0.48 % Public sector and other financing $ 50,824 $ 4,254 $ - $ 55,078 $ 49,293 $ 5,761 $ - $ 55,054 ECL allowance 134 26 - 160 104 45 - 149 EL % 0.26 % 0.61 % 0.00 % 0.29 % 0.21 % 0.78 % 0.00 % 0.27 % Total loans $ 3,748,945 $ 216,222 $ - $ 3,965,167 $ 3,648,919 $ 167,996 $ 15,321 $ 3,832,236 Total ECL allowance 1,910 476 - 2,386 1,945 568 - 2,513 Total EL % 0.05 % 0.22 % 0.00 % 0.06 % 0.05 % 0.34 % 0.00 % 0.07 % The Bank’s maximum exposure to credit risk is the carrying value of its financial assets. The Bank holds security against the majority of its loans in the form of mortgage interests over property, other registered securities over assets, guarantees or cash reserves (holdbacks) 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 that is adequate, in management’s opinion, to absorb all credit related losses in the Bank’s lending and treasury portfolios. The expected credit loss methodology requires the recognition of credit losses based on 12 1 2 3 Forward-looking Information The Bank has sourced credit risk modeling systems and forecast macroeconomic scenario data from Moody’s Analytics, a third not Key assumptions driving Moody’s Analytics’ baseline macroeconomic forecast trends this quarter include: the Bank of Canada cutting interest rates at the April 2024 third 2024; not US$70 Management developed ECL estimates using credit risk parameter term structure forecasts sensitized to individual baseline, upside and downside forecast macroeconomic scenarios, each weighted at 100%, January 31, 2024 Expected credit loss sensitivity: The following table presents the sensitivity of the Bank’s estimated ECL to a range of individual macroeconomic scenarios, that in isolation may not January 31, 2024: (thousands of Canadian dollars) Reported 100% 100% 100% ECL Upside Baseline Downside Allowance for expected credit losses $ 2,386 $ 1,290 $ 1,670 $ 2,638 Variance from reported ECL (1,096 ) (716 ) 252 Variance from reported ECL (%) (46% ) (30% ) 11 % The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three January 31, 2024: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 100 $ - $ - $ 100 Transfer in (out) to Stage 1 56 (56 ) - - Transfer in (out) to Stage 2 (124 ) 124 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 33 (68 ) - (35 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (35 ) - - (35 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 65 $ - $ - $ 65 Commercial real estate mortgages Balance at beginning of period $ 1,699 $ 523 $ - $ 2,222 Transfer in (out) to Stage 1 122 (122 ) - - Transfer in (out) to Stage 2 (109 ) 109 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (33 ) (43 ) - (76 ) Loan originations 66 - - 66 Derecognitions and maturities (89 ) (17 ) - (106 ) Provision for (recovery of) credit losses (43 ) (73 ) - (116 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,656 $ 450 $ - $ 2,106 Commercial real estate loans Balance at beginning of period $ 42 $ - $ - $ 42 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 2 - - 2 Loan originations 11 - - 11 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 13 - - 13 Write-offs - - - - Recoveries - - - - Balance at end of period $ 55 $ - $ - $ 55 Public sector and other financing Balance at beginning of period $ 104 $ 45 $ - $ 149 Transfer in (out) to Stage 1 18 (18 ) - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 12 (1 ) - 11 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 30 (19 ) - 11 Write-offs - - - - Recoveries - - - - Balance at end of period $ 134 $ 26 $ - $ 160 Total balance at end of period $ 1,910 $ 476 $ - $ 2,386 The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three January 31, 2023: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 545 $ - $ - $ 545 Transfer in (out) to Stage 1 38 (38 ) - - Transfer in (out) to Stage 2 (54 ) 54 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 54 (16 ) - 38 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 38 - - 38 Write-offs - - - - Recoveries - - - - Balance at end of period $ 583 $ - $ - $ 583 Commercial real estate mortgages Balance at beginning of period $ 1,150 $ 137 $ - $ 1,287 Transfer in (out) to Stage 1 62 (62 ) - - Transfer in (out) to Stage 2 (30 ) 30 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 263 (31 ) - 232 Loan originations 86 - - 86 Derecognitions and maturities (14 ) - - (14 ) Provision for (recovery of) credit losses 367 (63 ) - 304 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,517 $ 74 $ - $ 1,591 Commercial real estate loans Balance at beginning of period $ 54 $ - $ - $ 54 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 3 - - 3 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 3 - - 3 Write-offs - - - - Recoveries - - - - Balance at end of period $ 57 $ - $ - $ 57 Public sector and other financing Balance at beginning of period $ 17 $ 1 $ - $ 18 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 11 2 - 13 Loan originations 27 - - 27 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 38 2 - 40 Write-offs - - - - Recoveries - - - - Balance at end of period $ 55 $ 3 $ - $ 58 Total balance at end of period $ 2,212 $ 77 $ - $ 2,289 Credit quality: The Bank assigns a risk rating to each lending asset comprising its lending portfolio. A risk rating is assigned as a function of each new credit application, annual review or an amendment to a facility. The risk rating considers the credit risk attributes of the lending asset, structure, individual borrower circumstances as well as local, regional and global macroeconomic and market conditions. The Bank aggregates its risk rating assignments into the following three i) Satisfactory – The borrower and lending asset valuation are of acceptable credit quality. ii) Watchlist – The borrower or the lending asset valuation exhibits potential credit weakness or a downward trend which, if not iii) Classified – The collection of the structural payment and/or the full repayment of the lending asset is uncertain. As of January 31, 2024, no

Note 6 - Other Assets

Note 6 - Other Assets	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of other assets [text block]	6. Other assets: (thousands of Canadian dollars) January 31 October 31 January 31 2024 2023 2023 Accounts receivable $ 4,149 $ 3,858 $ 3,406 Prepaid expenses and other 20,195 22,130 19,491 Property and equipment 24,180 6,536 6,698 Right-of-use assets 3,255 3,427 3,948 Deferred income tax asset 3,075 4,058 2,003 Interest rate swap 587 1,517 49 Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets 2,692 2,791 3,086 $ 64,840 $ 51,024 $ 45,388 a) In February 2021, not

Note 7 - Subordinated Notes Pay

Note 7 - Subordinated Notes Payable	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of borrowings [text block]	7. Subordinated notes payable: (thousands of Canadian dollars) January 31 October 31 January 31 2024 2023 2023 Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $ 5.0 500,000 10.41 March 2029 $ 4,922 $ 4,919 $ 4,911 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $ 75.0 5.38 May 2031 98,433 101,931 97,854 $ 103,355 $ 106,850 $ 102,765

Note 8 - Other Liabilities

Note 8 - Other Liabilities	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of other liabilities [text block]	8. Other liabilities: (thousands of Canadian dollars) January 31 October 31 January 31 2024 2023 2023 Accounts payable and other $ 7,543 $ 9,681 $ 5,482 Current income tax liability 2,426 7,466 1,829 Deferred income tax liability 709 731 704 Lease obligations 3,594 3,771 4,295 Cash collateral and amounts held in escrow 8,735 8,818 7,210 Cash reserves on loan and lease receivables 155,583 153,769 132,776 $ 178,590 $ 184,236 $ 152,296

Note 9 - Share Capital

Note 9 - Share Capital	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of classes of share capital [text block]	9. Share capital: a) Common shares: At January 31, 2024, October 31, 2023 - On August 5, 2022, September 21, 2022, The Bank was eligible to make purchases commencing on August 17, 2022 August 16, 2023. no No January 31, 2024. January 31, 2023, b) Preferred shares: At January 31, 2024, October 31, 2023 - 1 1 15 The holders of the Series 1 October 31, 2024. five five The Bank maintains the right to redeem, subject to the approval of OSFI, up to all of the outstanding Series 1 October 31, 2024 October 31 five not 1 2 2 90 c) Stock options Stock option transactions during the three January 31, 2024 2023: for the three months ended January 31, 2024 January 31, 2023 Weighted Weighted Number of average Number of average options exercise price options exercise price Outstanding, beginning of period 874,393 $ 15.90 965,766 $ 15.53 Granted - - 1,500 15.90 Exercised - - - - Forfeited/cancelled - - 3,990 15.90 Expired - - - - Outstanding, end of period 874,393 $ 15.90 963,276 $ 15.53 For the three January 31, 2024, January 31, 2023 -

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of income tax [text block]	10. Income tax provision: Income tax provision for the three January 31, 2024 January 31, 2023 - 2023 not

Note 11 - Income Per Common Sha

Note 11 - Income Per Common Share	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of earnings per share [text block]	11. Income per common share: (thousands of Canadian dollars) for the three months ended January 31 January 31 2024 2023 Net income $ 12,699 $ 9,417 Less: dividends on preferred shares (247 ) (247 ) 12,452 9,170 Average number of common shares outstanding 25,964,424 27,025,317 Income per common share: $ 0.48 $ 0.34 Common shares associated with the Series 1

Note 12 - Derivative Instrument

Note 12 - Derivative Instruments	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	4. Securities: As at January 31, 2024, October 31, 2023 - February 1, 2024, May 1, 2025.
Derivatives [member]
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	12. Derivative instruments: At January 31, 2024, October 31, 2023 - October 31, 2023 - not January 31, 2024, October 31, 2023 -

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of commitments and contingent liabilities [text block]	13. Commitments and contingencies: The amount of credit-related commitments represents the maximum amount of additional credit that the Bank could be obligated to extend. (thousands of Canadian dollars) January 31 October 31 January 31 2024 2023 2023 Loan commitments $ 414,591 $ 405,426 $ 346,747 Letters of credit 84,594 75,963 58,136 $ 499,185 $ 481,389 $ 404,883

Note 14 - Related Party Transac

Note 14 - Related Party Transactions	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of related party [text block]	14. Related party transactions: The Bank’s Board of Directors and Senior Executive Officers represent key management personnel and are related parties. At January 31, 2024, October 31, 2023 - October 31, 2023 - three January 31, 2024, January 31, 2023 - January 31, 2024, October 31, 2023 - $nil March 2019, 7

Note 15 - Capital Management

Note 15 - Capital Management	3 Months Ended
	Jan. 31, 2024
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 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 January 31, 2024, no b) Risk-based capital ratios: The Basel Committee on Banking Supervision has published the Basel III rules on capital adequacy and liquidity (“Basel III”). OSFI requires that all Canadian banks must comply with the Basel III standards on an “all-in” basis for the purpose of determining their risk-based capital ratios. Required minimum regulatory capital ratios are a 7.0% Common Equity Tier 1 “CET1” 1 OSFI also requires banks to measure capital adequacy in accordance with guidelines for determining risk- adjusted capital and risk-weighted assets including off-balance sheet credit instruments as specified in the Basel III regulations. Based on the deemed credit risk for each type of asset, both on and off-balance sheet assets of the Bank are assigned a weighting ranging between 0% 150% The Bank’s risk-based capital ratios are calculated as follows: (thousands of Canadian dollars) January 31 October 31 2024 2023 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 214,824 $ 214,824 Contributed surplus 2,645 2,513 Retained earnings 157,845 146,043 Accumulated other comprehensive income 73 131 CET1 before regulatory adjustments 375,387 363,511 Regulatory adjustments applied to CET1 (11,589 ) (12,699 ) Common Equity Tier 1 capital $ 363,798 $ 350,812 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 377,445 $ 364,459 Tier 2 capital Directly issued Tier 2 capital instruments $ 105,478 $ 109,033 Tier 2 capital before regulatory adjustments 105,478 109,033 Eligible stage 1 and stage 2 allowance 2,386 2,513 Total Tier 2 capital $ 107,864 $ 111,546 Total regulatory capital $ 485,309 $ 476,005 Total risk-weighted assets $ 3,194,696 $ 3,095,092 Capital ratios CET1 capital ratio 11.39 % 11.33 % Tier 1 capital ratio 11.81 % 11.78 % Total capital ratio 15.19 % 15.38 % As at January 31, 2024 October 31, 2023, c) Leverage ratio: The leverage ratio, which is prescribed under the Basel III Accord, is a supplementary measure to the risk-based capital requirements and is defined as the ratio of Tier 1 (thousands of Canadian dollars) January 31 October 31 2024 2023 On-balance sheet assets $ 4,309,635 $ 4,201,610 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,589 ) (12,699 ) Total on-balance sheet exposures 4,298,046 4,188,911 Total off-balance sheet exposure at gross notional amount $ 499,185 $ 481,389 Adjustments for conversion to credit equivalent amount (324,662 ) (281,705 ) Total off-balance sheet exposures 174,523 199,684 Tier 1 capital 377,445 364,459 Total exposures 4,472,569 4,388,595 Leverage ratio 8.44 % 8.30 % As at January 31, 2024 October 31, 2023,

Note 16 - Interest Rate Risk Po

Note 16 - Interest Rate Risk Position	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of how entity manages liquidity risk [text block]	16. Interest rate risk position: The Bank is subject to interest rate risk, which is the risk that a movement in interest rates could negatively impact net interest margin, net interest income and the economic value of assets, liabilities and shareholders’ equity. The following table provides the duration difference between the Bank’s assets and liabilities and the potential after-tax impact of a 100 12 (thousands of Canadian dollars) January 31, 2024 October 31, 2023 Increase 100 bps Decrease 100 bps Increase 100 bps Decrease 100 bps Increase (decrease): Impact on projected net interest income during a 12 month period $ 3,122 $ (3,136 ) $ 4,046 $ (4,059 ) Duration difference between assets and liabilities (months) (1.6 ) (2.0 )

Note 17 - Fair Value of Financi

Note 17 - Fair Value of Financial Instruments	3 Months Ended
	Jan. 31, 2024
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 21 October 31, 2023 (thousands of Canadian dollars) January 31, 2024 October 31, 2023 Carrying Value Fair value Level 1 Fair Value Level 2 Fair Value Level 3 Total Fair Value Carrying Value Fair value Level 1 Fair Value Level 2 Fair Value Level 3 Total Fair Value Assets Cash $ 127,509 $ 127,509 $ - $ - $ 127,509 $ 132,242 $ 132,242 $ - $ - $ 132,242 Securities 133,005 133,005 - - 133,005 167,940 167,940 - - 167,940 Loans 3,984,281 - - 3,975,636 3,975,636 3,850,404 - - 3,837,599 3,837,599 Derivatives 587 - 587 - 587 1,517 - 1,517 - 1,517 Other financial assets 953 - - 953 953 953 - - 953 953 Liabilities Deposits $ 3,638,656 $ - $ - $ 3,606,715 $ 3,606,715 $ 3,533,366 $ - $ - $ 3,436,491 $ 3,436,491 Subordinated notes payable 103,355 - 100,454 - 100,454 106,850 - 109,033 - 109,033 Other financial liabilities 175,455 - - 175,455 175,455 176,039 - - 176,039 176,039

Note 18 - Operating Segmentatio

Note 18 - Operating Segmentation	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of entity's operating segments [text block]	18. Operating segmentation: The Bank has established two 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 2023 Performance is measured based on segment net income, as included in the Bank’s internal management reporting. Management has determined that this measure is the most relevant in evaluating segment results and in the allocation of resources. The following table sets out the results of each reportable operating segment as at and for the three January 31, 2024 2023: (thousands of Canadian dollars) for the three months ended January 31, 2024 January 31, 2023 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 26,568 $ - $ - $ 26,568 $ 24,274 $ - $ - $ 24,274 Non-interest income 120 2,500 (337 ) 2,283 2 1,833 (191 ) 1,644 Total revenue 26,688 2,500 (337 ) 28,851 24,276 1,833 (191 ) 25,918 Provision for credit losses (127 ) - - (127 ) 385 - - 385 26,815 2,500 (337 ) 28,978 23,891 1,833 (191 ) 25,533 Non-interest expenses: Salaries and benefits 5,371 1,167 - 6,538 6,684 1,573 - 8,257 General and administrative 4,276 394 (337 ) 4,333 2,862 455 (191 ) 3,126 Premises and equipment 768 385 - 1,153 623 329 - 952 10,415 1,946 (337 ) 12,024 10,169 2,357 (191 ) 12,335 Income (loss) before income taxes 16,400 554 - 16,954 13,722 (524 ) - 13,198 Income tax provision 4,136 119 - 4,255 3,789 (8 ) - 3,781 Net income (loss) $ 12,264 $ 435 $ - $ 12,699 $ 9,933 $ (516 ) $ - $ 9,417 Total assets $ 4,299,625 $ 26,645 $ (16,635 ) $ 4,309,635 $ 3,522,279 $ 23,797 $ (14,386 ) $ 3,531,690 Total liabilities $ 3,914,863 $ 28,625 $ (22,887 ) $ 3,920,601 $ 3,174,197 $ 27,751 $ (21,435 ) $ 3,180,513 The Bank has operations in the US, through both its Digital Banking and DRTC businesses, however as at January 31, 2024,

Note 19 - Comparative Balances

Note 19 - Comparative Balances	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of reclassifications or changes in presentation [text block]	19. Comparative balances: The interim financial statements have been reclassified, where applicable, to conform with the financial statement presentation used in the current period. Cash flows related to the Bank’s investments in securities was reflected in operating activities in the comparative period and now reflected as investing activities and is consistent with the presentation and disclosure in the Bank’s annual audited financial statements for the year ended October 31, 2023. not

Note 5 - Loans, Net of Allowa_2

Note 5 - Loans, Net of Allowance for Credit Losses (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Discosure of loans, net [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2024 2023 2023 Point-of-sale loans and leases $ 3,078,941 $ 2,879,320 $ 2,414,266 Commercial real estate mortgages 822,086 889,069 752,138 Commercial real estate loans 9,062 8,793 12,811 Public sector and other financing 55,078 55,054 42,523 3,965,167 3,832,236 3,221,738 Allowance for credit losses (2,386 ) (2,513 ) (2,289 ) Accrued interest 21,500 20,681 15,634 Total loans, net of allowance for credit losses $ 3,984,281 $ 3,850,404 $ 3,235,083
Disclosure of loans by lending asset category [text block]	As at January 31, 2024 As at October 31, 2023 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases $ 3,068,742 $ 10,199 $ - $ 3,078,941 $ 2,873,078 $ 6,242 $ - $ 2,879,320 ECL allowance 65 - - 65 100 - - 100 EL % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Commercial real estate mortgages $ 620,317 $ 201,769 $ - $ 822,086 $ 717,755 $ 155,993 $ 15,321 $ 889,069 ECL allowance 1,656 450 - 2,106 1,699 523 - 2,222 EL % 0.27 % 0.22 % 0.00 % 0.26 % 0.24 % 0.34 % 0.00 % 0.25 % Commercial real estate loans $ 9,062 $ - $ - $ 9,062 $ 8,793 $ - $ - $ 8,793 ECL allowance 55 - - 55 42 - - 42 EL % 0.61 % 0.00 % 0.00 % 0.61 % 0.48 % 0.00 % 0.00 % 0.48 % Public sector and other financing $ 50,824 $ 4,254 $ - $ 55,078 $ 49,293 $ 5,761 $ - $ 55,054 ECL allowance 134 26 - 160 104 45 - 149 EL % 0.26 % 0.61 % 0.00 % 0.29 % 0.21 % 0.78 % 0.00 % 0.27 % Total loans $ 3,748,945 $ 216,222 $ - $ 3,965,167 $ 3,648,919 $ 167,996 $ 15,321 $ 3,832,236 Total ECL allowance 1,910 476 - 2,386 1,945 568 - 2,513 Total EL % 0.05 % 0.22 % 0.00 % 0.06 % 0.05 % 0.34 % 0.00 % 0.07 %
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [text block]	(thousands of Canadian dollars) Reported 100% 100% 100% ECL Upside Baseline Downside Allowance for expected credit losses $ 2,386 $ 1,290 $ 1,670 $ 2,638 Variance from reported ECL (1,096 ) (716 ) 252 Variance from reported ECL (%) (46% ) (30% ) 11 %
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 $ 100 $ - $ - $ 100 Transfer in (out) to Stage 1 56 (56 ) - - Transfer in (out) to Stage 2 (124 ) 124 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 33 (68 ) - (35 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (35 ) - - (35 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 65 $ - $ - $ 65 Commercial real estate mortgages Balance at beginning of period $ 1,699 $ 523 $ - $ 2,222 Transfer in (out) to Stage 1 122 (122 ) - - Transfer in (out) to Stage 2 (109 ) 109 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (33 ) (43 ) - (76 ) Loan originations 66 - - 66 Derecognitions and maturities (89 ) (17 ) - (106 ) Provision for (recovery of) credit losses (43 ) (73 ) - (116 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,656 $ 450 $ - $ 2,106 Commercial real estate loans Balance at beginning of period $ 42 $ - $ - $ 42 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 2 - - 2 Loan originations 11 - - 11 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 13 - - 13 Write-offs - - - - Recoveries - - - - Balance at end of period $ 55 $ - $ - $ 55 Public sector and other financing Balance at beginning of period $ 104 $ 45 $ - $ 149 Transfer in (out) to Stage 1 18 (18 ) - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 12 (1 ) - 11 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 30 (19 ) - 11 Write-offs - - - - Recoveries - - - - Balance at end of period $ 134 $ 26 $ - $ 160 Total balance at end of period $ 1,910 $ 476 $ - $ 2,386 (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 545 $ - $ - $ 545 Transfer in (out) to Stage 1 38 (38 ) - - Transfer in (out) to Stage 2 (54 ) 54 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 54 (16 ) - 38 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 38 - - 38 Write-offs - - - - Recoveries - - - - Balance at end of period $ 583 $ - $ - $ 583 Commercial real estate mortgages Balance at beginning of period $ 1,150 $ 137 $ - $ 1,287 Transfer in (out) to Stage 1 62 (62 ) - - Transfer in (out) to Stage 2 (30 ) 30 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 263 (31 ) - 232 Loan originations 86 - - 86 Derecognitions and maturities (14 ) - - (14 ) Provision for (recovery of) credit losses 367 (63 ) - 304 Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,517 $ 74 $ - $ 1,591 Commercial real estate loans Balance at beginning of period $ 54 $ - $ - $ 54 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 3 - - 3 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 3 - - 3 Write-offs - - - - Recoveries - - - - Balance at end of period $ 57 $ - $ - $ 57 Public sector and other financing Balance at beginning of period $ 17 $ 1 $ - $ 18 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 11 2 - 13 Loan originations 27 - - 27 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 38 2 - 40 Write-offs - - - - Recoveries - - - - Balance at end of period $ 55 $ 3 $ - $ 58 Total balance at end of period $ 2,212 $ 77 $ - $ 2,289

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of detailed information about other assets [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2024 2023 2023 Accounts receivable $ 4,149 $ 3,858 $ 3,406 Prepaid expenses and other 20,195 22,130 19,491 Property and equipment 24,180 6,536 6,698 Right-of-use assets 3,255 3,427 3,948 Deferred income tax asset 3,075 4,058 2,003 Interest rate swap 587 1,517 49 Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets 2,692 2,791 3,086 $ 64,840 $ 51,024 $ 45,388

Note 7 - Subordinated Notes P_2

Note 7 - Subordinated Notes Payable (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of detailed information about borrowings [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2024 2023 2023 Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $ 5.0 500,000 10.41 March 2029 $ 4,922 $ 4,919 $ 4,911 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $ 75.0 5.38 May 2031 98,433 101,931 97,854 $ 103,355 $ 106,850 $ 102,765

Note 8 - Other Liabilities (Tab

Note 8 - Other Liabilities (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of detailed information about other liabilities [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2024 2023 2023 Accounts payable and other $ 7,543 $ 9,681 $ 5,482 Current income tax liability 2,426 7,466 1,829 Deferred income tax liability 709 731 704 Lease obligations 3,594 3,771 4,295 Cash collateral and amounts held in escrow 8,735 8,818 7,210 Cash reserves on loan and lease receivables 155,583 153,769 132,776 $ 178,590 $ 184,236 $ 152,296

Note 9 - Share Capital (Tables)

Note 9 - Share Capital (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of number and weighted average exercise prices of share options [text block]	for the three months ended January 31, 2024 January 31, 2023 Weighted Weighted Number of average Number of average options exercise price options exercise price Outstanding, beginning of period 874,393 $ 15.90 965,766 $ 15.53 Granted - - 1,500 15.90 Exercised - - - - Forfeited/cancelled - - 3,990 15.90 Expired - - - - Outstanding, end of period 874,393 $ 15.90 963,276 $ 15.53

Note 11 - Income Per Common S_2

Note 11 - Income Per Common Share (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Earnings per share [text block]	(thousands of Canadian dollars) for the three months ended January 31 January 31 2024 2023 Net income $ 12,699 $ 9,417 Less: dividends on preferred shares (247 ) (247 ) 12,452 9,170 Average number of common shares outstanding 25,964,424 27,025,317 Income per common share: $ 0.48 $ 0.34

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of commitments [text block]	(thousands of Canadian dollars) January 31 October 31 January 31 2024 2023 2023 Loan commitments $ 414,591 $ 405,426 $ 346,747 Letters of credit 84,594 75,963 58,136 $ 499,185 $ 481,389 $ 404,883

Note 15 - Capital Management (T

Note 15 - Capital Management (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of regulatory capital and capital ratios [text block]	(thousands of Canadian dollars) January 31 October 31 2024 2023 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 214,824 $ 214,824 Contributed surplus 2,645 2,513 Retained earnings 157,845 146,043 Accumulated other comprehensive income 73 131 CET1 before regulatory adjustments 375,387 363,511 Regulatory adjustments applied to CET1 (11,589 ) (12,699 ) Common Equity Tier 1 capital $ 363,798 $ 350,812 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 377,445 $ 364,459 Tier 2 capital Directly issued Tier 2 capital instruments $ 105,478 $ 109,033 Tier 2 capital before regulatory adjustments 105,478 109,033 Eligible stage 1 and stage 2 allowance 2,386 2,513 Total Tier 2 capital $ 107,864 $ 111,546 Total regulatory capital $ 485,309 $ 476,005 Total risk-weighted assets $ 3,194,696 $ 3,095,092 Capital ratios CET1 capital ratio 11.39 % 11.33 % Tier 1 capital ratio 11.81 % 11.78 % Total capital ratio 15.19 % 15.38 % (thousands of Canadian dollars) January 31 October 31 2024 2023 On-balance sheet assets $ 4,309,635 $ 4,201,610 Assets amounts adjusted in determining the Basel III Tier 1 capital (11,589 ) (12,699 ) Total on-balance sheet exposures 4,298,046 4,188,911 Total off-balance sheet exposure at gross notional amount $ 499,185 $ 481,389 Adjustments for conversion to credit equivalent amount (324,662 ) (281,705 ) Total off-balance sheet exposures 174,523 199,684 Tier 1 capital 377,445 364,459 Total exposures 4,472,569 4,388,595 Leverage ratio 8.44 % 8.30 %

Note 16 - Interest Rate Risk _2

Note 16 - Interest Rate Risk Position (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk [text block]	(thousands of Canadian dollars) January 31, 2024 October 31, 2023 Increase 100 bps Decrease 100 bps Increase 100 bps Decrease 100 bps Increase (decrease): Impact on projected net interest income during a 12 month period $ 3,122 $ (3,136 ) $ 4,046 $ (4,059 ) Duration difference between assets and liabilities (months) (1.6 ) (2.0 )

Note 17 - Fair Value of Finan_2

Note 17 - Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of detailed information about financial instruments [text block]	(thousands of Canadian dollars) January 31, 2024 October 31, 2023 Carrying Value Fair value Level 1 Fair Value Level 2 Fair Value Level 3 Total Fair Value Carrying Value Fair value Level 1 Fair Value Level 2 Fair Value Level 3 Total Fair Value Assets Cash $ 127,509 $ 127,509 $ - $ - $ 127,509 $ 132,242 $ 132,242 $ - $ - $ 132,242 Securities 133,005 133,005 - - 133,005 167,940 167,940 - - 167,940 Loans 3,984,281 - - 3,975,636 3,975,636 3,850,404 - - 3,837,599 3,837,599 Derivatives 587 - 587 - 587 1,517 - 1,517 - 1,517 Other financial assets 953 - - 953 953 953 - - 953 953 Liabilities Deposits $ 3,638,656 $ - $ - $ 3,606,715 $ 3,606,715 $ 3,533,366 $ - $ - $ 3,436,491 $ 3,436,491 Subordinated notes payable 103,355 - 100,454 - 100,454 106,850 - 109,033 - 109,033 Other financial liabilities 175,455 - - 175,455 175,455 176,039 - - 176,039 176,039

Note 18 - Operating Segmentat_2

Note 18 - Operating Segmentation (Tables)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	(thousands of Canadian dollars) for the three months ended January 31, 2024 January 31, 2023 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 26,568 $ - $ - $ 26,568 $ 24,274 $ - $ - $ 24,274 Non-interest income 120 2,500 (337 ) 2,283 2 1,833 (191 ) 1,644 Total revenue 26,688 2,500 (337 ) 28,851 24,276 1,833 (191 ) 25,918 Provision for credit losses (127 ) - - (127 ) 385 - - 385 26,815 2,500 (337 ) 28,978 23,891 1,833 (191 ) 25,533 Non-interest expenses: Salaries and benefits 5,371 1,167 - 6,538 6,684 1,573 - 8,257 General and administrative 4,276 394 (337 ) 4,333 2,862 455 (191 ) 3,126 Premises and equipment 768 385 - 1,153 623 329 - 952 10,415 1,946 (337 ) 12,024 10,169 2,357 (191 ) 12,335 Income (loss) before income taxes 16,400 554 - 16,954 13,722 (524 ) - 13,198 Income tax provision 4,136 119 - 4,255 3,789 (8 ) - 3,781 Net income (loss) $ 12,264 $ 435 $ - $ 12,699 $ 9,933 $ (516 ) $ - $ 9,417 Total assets $ 4,299,625 $ 26,645 $ (16,635 ) $ 4,309,635 $ 3,522,279 $ 23,797 $ (14,386 ) $ 3,531,690 Total liabilities $ 3,914,863 $ 28,625 $ (22,887 ) $ 3,920,601 $ 3,174,197 $ 27,751 $ (21,435 ) $ 3,180,513

Note 4 - Securities (Details Te

Note 4 - Securities (Details Textual) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023
Statement Line Items [Line Items]
Investments in Securities	$ 133,005	$ 167,940	$ 49,847
Government of Canada Treasury Bills and a U.S. Government Treasury Bill [member]
Statement Line Items [Line Items]
Investments in Securities	133,000	$ 167,900
Zero-coupon Bank of Canada treasury bills [member]
Statement Line Items [Line Items]
Cash payment to acquire securities	130,000
Notional amount	$ 130,000
Financial assets, interest rate	4.93%
Government of Canada Bond Maturing May 2025 [Member]
Statement Line Items [Line Items]
Cash payment to acquire securities	$ 3,000
Notional amount	$ 3,000
Financial assets, interest rate	4.76%
Financial assets, coupon rate	3.75%

Note 5 - Loans, Net of Allowa_3

Note 5 - Loans, Net of Allowance for Credit Losses (Details Textual)	Jan. 31, 2024 USD ($)
Satisfactory Grade Loans [Member]
Statement Line Items [Line Items]
Percentage of Lending Assets	99%
West Texas Intermediate [member] | Bottom of range [member]
Statement Line Items [Line Items]
Global oil prices	$ 70

Note 5 - Loans, Net of Allowa_4

Note 5 - Loans, Net of Allowance for Credit Losses - Portfolio Analysis (Details) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023	Oct. 31, 2022
Statement Line Items [Line Items]
Loans, gross	$ 3,965,167	$ 3,832,236	$ 3,221,738
Allowance for credit losses	(2,386)	(2,513)	(2,289)
Accrued interest	21,500	20,681	15,634
Total loans, net of allowance for credit losses	3,984,281	3,850,404	3,235,083
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Loans, gross	3,078,941	2,879,320	2,414,266
Allowance for credit losses	(65)	(100)	(583)	$ (545)
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Loans, gross	822,086	889,069	752,138
Allowance for credit losses	(2,106)	(2,222)	(1,591)	(1,287)
Commercial real estate loans [member]
Statement Line Items [Line Items]
Loans, gross	9,062	8,793	12,811
Allowance for credit losses	(55)	(42)	(57)	(54)
Public sector and other financing [member]
Statement Line Items [Line Items]
Loans, gross	55,078	55,054	42,523
Allowance for credit losses	$ (160)	$ (149)	$ (58)	$ (18)

Note 5 - Loans, Net of Allowa_5

Note 5 - Loans, Net of Allowance for Credit Losses - Summary of Loan, ECL, and EL Amounts by Lending Asset Category (Details) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023	Oct. 31, 2022
Statement Line Items [Line Items]
Notional amount	$ 3,965,167	$ 3,832,236	$ 3,221,738
ECL allowance	$ 2,386	$ 2,513	2,289
EL %	0.06%	0.07%
Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 3,748,945	$ 3,648,919
ECL allowance	$ 1,910	$ 1,945	2,212
EL %	0.05%	0.05%
Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 216,222	$ 167,996
ECL allowance	$ 476	$ 568	77
EL %	0.22%	0.34%
Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 15,321
ECL allowance	$ 0	$ 0	0
EL %	0%	0%
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Notional amount	$ 3,078,941	$ 2,879,320	2,414,266
ECL allowance	$ 65	$ 100	583	$ 545
EL %	0%	0%
Point of sale loans and leases [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 3,068,742	$ 2,873,078
ECL allowance	$ 65	$ 100	583	545
EL %	0%	0%
Point of sale loans and leases [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 10,199	$ 6,242
ECL allowance	$ 0	$ 0	0	0
EL %	0%	0%
Point of sale loans and leases [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	0	0
EL %	0%	0%
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Notional amount	$ 822,086	$ 889,069	752,138
ECL allowance	$ 2,106	$ 2,222	1,591	1,287
EL %	0.26%	0.25%
Commercial real estate mortgages [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 620,317	$ 717,755
ECL allowance	$ 1,656	$ 1,699	1,517	1,150
EL %	0.27%	0.24%
Commercial real estate mortgages [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 201,769	$ 155,993
ECL allowance	$ 450	$ 523	74	137
EL %	0.22%	0.34%
Commercial real estate mortgages [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 15,321
ECL allowance	$ 0	$ 0	0	0
EL %	0%	0%
Commercial real estate loans [member]
Statement Line Items [Line Items]
Notional amount	$ 9,062	$ 8,793	12,811
ECL allowance	$ 55	$ 42	57	54
EL %	0.61%	0.48%
Commercial real estate loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 9,062	$ 8,793
ECL allowance	$ 55	$ 42	57	54
EL %	0.61%	0.48%
Commercial real estate loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	0	0
EL %	0%	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
EL %	0%	0%
Public sector and other financing [member]
Statement Line Items [Line Items]
Notional amount	$ 55,078	$ 55,054	42,523
ECL allowance	$ 160	$ 149	58	18
EL %	0.29%	0.27%
Public sector and other financing [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 50,824	$ 49,293
ECL allowance	$ 134	$ 104	55	17
EL %	0.26%	0.21%
Public sector and other financing [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 4,254	$ 5,761
ECL allowance	$ 26	$ 45	3	1
EL %	0.61%	0.78%
Public sector and other financing [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0	$ 0
ECL allowance	$ 0	$ 0	$ 0	$ 0
EL %	0%	0%

Note 5 - Loans, Net of Allowa_6

Note 5 - Loans, Net of Allowance for Credit Losses - Expected Credit Loss Sensitivity (Details) - Loans [member] - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 2,386	$ 2,513	$ 2,289
Upside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	1,290
Variance from reported ECL	$ (1,096)
Variance from reported ECL (%)	(46.00%)
Baseline, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 1,670
Variance from reported ECL	$ (716)
Variance from reported ECL (%)	(30.00%)
Downside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 2,638
Variance from reported ECL	$ 252
Variance from reported ECL (%)	11%

Note 5 - Loans, Net of Allowa_7

Note 5 - Loans, Net of Allowance for Credit Losses - Reconciliation of ECL Allowance by Lending Asset Category (Details) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Statement Line Items [Line Items]
Provision for (recovery of) credit losses	$ (127)	$ 385
Loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	2,513
Recoveries	0	0
Balance at end of period	2,386	2,289
Loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,945
Net remeasurement of loss allowance	33	54
Recoveries	0	0
Balance at end of period	1,910	2,212
Loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	568
Net remeasurement of loss allowance	(68)	(16)
Recoveries	0	0
Balance at end of period	476	77
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
Recoveries	0	0
Balance at end of period	0	0
Loans [member] | Point of sale loans and leases [member]
Statement Line Items [Line Items]
Balance at beginning of period	100	545
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(35)	38
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	(35)	38
Write-offs	0	0
Recoveries	0	0
Balance at end of period	65	583
Loans [member] | Point of sale loans and leases [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	100	545
Transfer in (out) to Stage 1	56	38
Transfer in (out) to Stage 2	(124)	(54)
Transfer in (out) to Stage 3	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	(35)	38
Write-offs	0	0
Recoveries	0	0
Balance at end of period	65	583
Loans [member] | Point of sale loans and leases [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	(56)	(38)
Transfer in (out) to Stage 2	124	54
Transfer in (out) to Stage 3	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
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
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Loans [member] | Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Balance at beginning of period	2,222	1,287
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(76)	232
Loan originations	66	86
Derecognitions and maturities	(106)	(14)
Provision for (recovery of) credit losses	(116)	304
Write-offs	0	0
Recoveries	0	0
Balance at end of period	2,106	1,591
Loans [member] | Commercial real estate mortgages [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	1,699	1,150
Transfer in (out) to Stage 1	122	62
Transfer in (out) to Stage 2	(109)	(30)
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(33)	263
Loan originations	66	86
Derecognitions and maturities	(89)	(14)
Provision for (recovery of) credit losses	(43)	367
Write-offs	0	0
Recoveries	0	0
Balance at end of period	1,656	1,517
Loans [member] | Commercial real estate mortgages [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	523	137
Transfer in (out) to Stage 1	(122)	(62)
Transfer in (out) to Stage 2	109	30
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(43)	(31)
Loan originations	0	0
Derecognitions and maturities	(17)	0
Provision for (recovery of) credit losses	(73)	(63)
Write-offs	0	0
Recoveries	0	0
Balance at end of period	450	74
Loans [member] | Commercial real estate mortgages [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Loans [member] | Commercial real estate loans [member]
Statement Line Items [Line Items]
Balance at beginning of period	42	54
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	2	3
Loan originations	11	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	13	3
Write-offs	0	0
Recoveries	0	0
Balance at end of period	55	57
Loans [member] | Commercial real estate loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	42	54
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	2	3
Loan originations	11	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	13	3
Write-offs	0	0
Recoveries	0	0
Balance at end of period	55	57
Loans [member] | Commercial real estate loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Loans [member] | Commercial real estate loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance at beginning of period	0	0
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Recoveries	0	0
Balance at end of period	0	0
Loans [member] | Public sector and other financing [member]
Statement Line Items [Line Items]
Balance at beginning of period	149	18
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	11	13
Loan originations	0	27
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	11	40
Write-offs	0	0
Balance at end of period	160	58
Loans [member] | Public sector and other financing [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance at beginning of period	104	17
Transfer in (out) to Stage 1	18	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	12	11
Loan originations	0	27
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	30	38
Write-offs	0	0
Balance at end of period	134	55
Loans [member] | Public sector and other financing [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance at beginning of period	45	1
Transfer in (out) to Stage 1	(18)	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	(1)	2
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	(19)	2
Write-offs	0	0
Balance at end of period	26	3
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
Transfer in (out) to Stage 1	0	0
Transfer in (out) to Stage 2	0	0
Transfer in (out) to Stage 3	0	0
Net remeasurement of loss allowance	0	0
Loan originations	0	0
Derecognitions and maturities	0	0
Provision for (recovery of) credit losses	0	0
Write-offs	0	0
Balance at end of period	$ 0	$ 0

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual) - Canada Stablecorp Inc.[member]	1 Months Ended
	Feb. 28, 2021 CAD ($)
Statement Line Items [Line Items]
Proportion of ownership interest in associate	11%
Purchase of interests in associates	$ 953,000

Note 6 - Other Assets - Schedul

Note 6 - Other Assets - Schedule of Other Assets (Details) - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023
Statement Line Items [Line Items]
Accounts receivable	$ 4,149	$ 3,858	$ 3,406
Prepaid expenses and other	20,195	22,130	19,491
Property and equipment	24,180	6,536	6,698
Right-of-use assets	3,255	3,427	3,948
Deferred income tax asset	3,075	4,058	2,003
Interest rate swap	587	1,517	49
Investment (note 6a)	953	953	953
Goodwill	5,754	5,754	5,754
Intangible assets	2,692	2,791	3,086
Other assets	$ 64,840	$ 51,024	$ 45,388

Note 7 - Subordinated Notes P_3

Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Subordinated notes payable	$ 4,922	$ 4,919	$ 4,911
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Subordinated notes payable	98,433	101,931	97,854
Subordinated notes payable [member]
Statement Line Items [Line Items]
Subordinated notes payable	$ 103,355	$ 106,850	$ 102,765

Note 7 - Subordinated Notes P_4

Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) (Parentheticals) $ in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Jan. 31, 2024 CAD ($)	Jan. 31, 2023 CAD ($)	Oct. 31, 2023 CAD ($)	Jan. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Jan. 31, 2023 USD ($)
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Principal amount	$ 5	$ 5	$ 5
Interest rate	10.41%	10.41%	10.41%	10.41%	10.41%	10.41%
Maturity date	Mar. 31, 2029	Mar. 31, 2029	Mar. 31, 2029
Subordinated notes payable, maturing March 2029 [member] | Key management personnel of entity or parent [member]
Statement Line Items [Line Items]
Principal amount	$ 0.5	$ 0.5	$ 0.5
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Principal amount				$ 75	$ 75	$ 75
Interest rate	5.38%		5.38%	5.38%	5.38%
Maturity date	May 31, 2031		May 31, 2031

Note 8 - Other Liabilities - Sc

Note 8 - Other Liabilities - Schedule of Other Liabilities (Details) - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023
Statement Line Items [Line Items]
Accounts payable and other	$ 7,543	$ 9,681	$ 5,482
Current income tax liability	2,426	7,466	1,829
Deferred income tax liability	709	731	704
Lease obligations	3,594	3,771	4,295
Cash collateral and amounts held in escrow	8,735	8,818	7,210
Cash reserves on loan and lease receivables	155,583	153,769	132,776
Other liabilities	$ 178,590	$ 184,236	$ 152,296

Note 9 - Share Capital (Details

Note 9 - Share Capital (Details Textual) - CAD ($)		3 Months Ended		15 Months Ended
	Sep. 21, 2022	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Oct. 31, 2023
Statement Line Items [Line Items]
Shares purchased and cancelled during period (in shares)	1,700,000			822,296
Number of shares repurchased and cancelled, percentage of public float	9.54%
Reduction of issued capital				$ 8,300,000
Total expense from share-based payment transactions		$ 132,000	$ 343,000
Retained earnings [member]
Statement Line Items [Line Items]
Reduction of issued capital				$ 1,200,000
Ordinary shares [member]
Statement Line Items [Line Items]
Number of shares outstanding at end of period (in shares)		25,964,424		25,964,424	25,964,424
Ordinary shares [member] | Issued capital [member]
Statement Line Items [Line Items]
Reduction of issued capital		$ 0	$ 7,117,000	$ 7,100,000
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
Dividends paid, other shares per share (in CAD per share)		$ 0.6772
Dividend, annual yield		6.772%
Dividends rate, period for reset (Year)		5 years
Dividend rate, adjustment		5.43%
Preferred shares, period for mandatory redemption (Year)		5 years
Par value per share (in CAD per share)		$ 10		$ 10

Note 9 - Share Capital - Stock

Note 9 - Share Capital - Stock Option Transactions (Details)	3 Months Ended
	Jan. 31, 2024 $ / shares	Jan. 31, 2023 $ / shares
Statement Line Items [Line Items]
Outstanding, beginning of period	874,393	965,766
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.9	$ 15.53
Granted	0	1,500
Granted, weighted average exercise price (in CAD per share)	$ 0	$ 15.9
Exercised	0	0
Exercised, weighted average exercise price (in CAD per share)	$ 0	$ 0
Forfeited/cancelled	0	3,990
Forfeired/cancelled, weighted average exercise price (in CAD per share)	$ 0	$ 15.9
Expired	0	0
Expired, weighted average exercise price (in CAD per share)	$ 0	$ 0
Outstanding, end of period	874,393	963,276
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.9	$ 15.53

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision (Details Textual) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Statement Line Items [Line Items]
Tax income (expense)	$ 4,255	$ 3,781
Applicable tax rate	27%	27%

Note 11 - Income Per Common S_3

Note 11 - Income Per Common Share - Basic and Diluted Income Per Common Share (Details) - CAD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Statement Line Items [Line Items]
Net income (loss)	$ 12,699	$ 9,417
Less: dividends on preferred shares	(247)	(247)
Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share	$ 12,452	$ 9,170
Average number of common shares outstanding (in shares)	25,964,424	27,025,317
Basic and diluted income per common share (note 11) (in CAD per share)	$ 0.48	$ 0.34

Note 12 - Derivative Instrume_2

Note 12 - Derivative Instruments (Details Textual) - Interest rate swap contract [member] - CAD ($)	Jan. 31, 2024	Oct. 31, 2023
Statement Line Items [Line Items]
Notional amount	$ 20,400,000	$ 20,800,000
Financial assets qualified for hedge accounting	20,400,000	20,800,000
Hedged item, assets	20,300,000
Reserve of cash flow hedges	87,000
Other assets [member]
Statement Line Items [Line Items]
Total financial assets	$ 587,000	$ 1,500,000

Note 13 - Commitments and Con_3

Note 13 - Commitments and Contingencies - Credit Related Commitments (Details) - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023
Statement Line Items [Line Items]
Credit commitments	$ 499,185	$ 481,389	$ 404,883
Loan commitments [member]
Statement Line Items [Line Items]
Credit commitments	414,591	405,426	346,747
Letters of credit [member]
Statement Line Items [Line Items]
Credit commitments	$ 84,594	$ 75,963	$ 58,136

Note 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - CAD ($)	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Oct. 31, 2023	Mar. 31, 2019
Statement Line Items [Line Items]
Revenue from rendering of services, related party transactions	$ 41,000	$ 24,000
Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount				$ 5,000,000
Key management personnel of entity or parent [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	1,500,000		$ 1,500,000
Allowance account for credit losses of financial assets at end of period	0		0
Key management personnel of entity or parent [member] | Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount				$ 500,000
Corporation controlled by key management personnel [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	$ 4,300,000		$ 3,900,000

Note 15 - Capital Management (D

Note 15 - Capital Management (Details Textual)	Jan. 31, 2024
Statement Line Items [Line Items]
Maximum percentage of credit risk-weighted assets for allowance	1.25%
Required minimum capital ratio, common equity tier 1	7%
Required minimum capital ratio, tier 1 capital	8.50%
Required minimum capital ratio, total capital	10.50%
Capital conservation buffer	2.50%
Minimum leverage ratio	3%

Note 15 - Capital Management -

Note 15 - Capital Management - Risk-based Capital Ratios (Details) - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023	Jan. 31, 2023
Statement Line Items [Line Items]
Directly issued capital instruments	$ 228,471	$ 228,471	$ 232,512
Contributed surplus	2,645	2,513	1,955
Retained earnings	157,845	146,043	116,638
Accumulated other comprehensive income	73	131	72
Regulatory capital		476,005
Total risk-weighted assets		$ 3,095,092
CET1 capital ratio		15.38%
Total assets	4,309,635	$ 4,201,610	$ 3,531,690
Transitional [member]
Statement Line Items [Line Items]
Regulatory capital	485,309
Total risk-weighted assets	$ 3,194,696
CET1 capital ratio	15.19%
Basel III [member]
Statement Line Items [Line Items]
Regulatory capital	$ (11,589)	(12,699)
Total assets	4,309,635	4,201,610
Total on-balance sheet exposures	4,298,046	4,188,911
Total off-balance sheet exposure at gross notional amount	499,185	481,389
Adjustments for conversion to credit equivalent amount	324,662	281,705
Total off-balance sheet exposures	174,523	199,684
Total exposures	$ 4,472,569	$ 4,388,595
Leverage ratio	8.44%	8.30%
Common equity tier 1 [member]
Statement Line Items [Line Items]
Directly issued capital instruments		$ 214,824
Contributed surplus		2,513
Retained earnings		146,043
Accumulated other comprehensive income		131
Regulatory capital before adjustments		363,511
Adjustments to capital		(12,699)
Regulatory capital		$ 350,812
CET1 capital ratio		11.33%
Common equity tier 1 [member] | Transitional [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 214,824
Contributed surplus	2,645
Retained earnings	157,845
Accumulated other comprehensive income	73
Regulatory capital before adjustments	375,387
Adjustments to capital	(11,589)
Regulatory capital	$ 363,798
CET1 capital ratio	11.39%
Capital Tier 1 [member]
Statement Line Items [Line Items]
Directly issued capital instruments		$ 13,647
Regulatory capital	$ 377,445	$ 364,459
CET1 capital ratio		11.78%
Capital Tier 1 [member] | Transitional [member]
Statement Line Items [Line Items]
Directly issued capital instruments	13,647
Regulatory capital	$ 377,445
CET1 capital ratio	11.81%
Tier 2 capital [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 105,478	$ 109,033
Regulatory capital before adjustments		109,033
Adjustments to capital		2,513
Regulatory capital		$ 111,546
Tier 2 capital [member] | Transitional [member]
Statement Line Items [Line Items]
Regulatory capital before adjustments	105,478
Adjustments to capital	2,386
Regulatory capital	$ 107,864

Note 16 - Interest Rate Risk _3

Note 16 - Interest Rate Risk Position - Analysis of Sensitivity to Market Interest Rates (Details) - Interest rate risk [member] $ in Thousands	Jan. 31, 2024 CAD ($) mo	Oct. 31, 2023 CAD ($) mo
Increase 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ 3,122	$ 4,046
Duration difference between assets and liabilities (months) (Month) | mo	(1.6)	(2)
Decrease 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ (3,136)	$ (4,059)

Note 17 - Fair Value of Finan_3

Note 17 - Fair Value of Financial Instruments - Fair Value of Financial Instruments (Details) - CAD ($) $ in Thousands	Jan. 31, 2024	Oct. 31, 2023
Other financial liabilities [member]
Statement Line Items [Line Items]
Liabilities, book value	$ 175,455	$ 176,039
Liabilities, fair value	175,455	176,039
Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, book value	3,638,656	3,533,366
Liabilities, fair value	3,606,715	3,436,491
Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, book value	103,355	106,850
Liabilities, fair value	100,454	109,033
Level 1 of fair value hierarchy [member] | Other financial liabilities [member]
Statement Line Items [Line Items]
Liabilities, fair value	0	0
Level 1 of fair value hierarchy [member] | Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, fair value	0	0
Level 1 of fair value hierarchy [member] | Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, fair value	0	0
Level 2 of fair value hierarchy [member] | Other financial liabilities [member]
Statement Line Items [Line Items]
Liabilities, fair value	0	0
Level 2 of fair value hierarchy [member] | Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, fair value	0	0
Level 2 of fair value hierarchy [member] | Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, fair value	100,454	109,033
Level 3 of fair value hierarchy [member] | Other financial liabilities [member]
Statement Line Items [Line Items]
Liabilities, fair value	175,455	176,039
Level 3 of fair value hierarchy [member] | Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, fair value	3,606,715	3,436,491
Level 3 of fair value hierarchy [member] | Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, fair value	0	0
Cash and cash equivalents [member]
Statement Line Items [Line Items]
Assets, book value	127,509	132,242
Assets, fair value	127,509	132,242
Cash and cash equivalents [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	127,509	132,242
Cash and cash equivalents [member] | Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Cash and cash equivalents [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Securities [member]
Statement Line Items [Line Items]
Assets, book value	133,005	167,940
Assets, fair value	133,005	167,940
Securities [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	133,005	167,940
Securities [member] | Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Securities [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Loans, net [member]
Statement Line Items [Line Items]
Assets, book value	3,984,281	3,850,404
Assets, fair value	3,975,636	3,837,599
Loans, net [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Loans, net [member] | Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Loans, net [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	3,975,636	3,837,599
Derivatives [member]
Statement Line Items [Line Items]
Assets, book value	587	1,517
Assets, fair value	587	1,517
Derivatives [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Derivatives [member] | Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	587	1,517
Derivatives [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Other financial assets [member]
Statement Line Items [Line Items]
Assets, book value	953	953
Assets, fair value	953	953
Other financial assets [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Other financial assets [member] | Level 2 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	0	0
Other financial assets [member] | Level 3 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	$ 953	$ 953

Note 18 - Operating Segmentat_3

Note 18 - Operating Segmentation (Details Textual)	3 Months Ended
	Jan. 31, 2024
Statement Line Items [Line Items]
Number of segments	2

Note 18 - Operating Segmentat_4

Note 18 - Operating Segmentation - Results of Reportable Operating Segments (Details) - CAD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Oct. 31, 2023
Statement Line Items [Line Items]
Net interest income	$ 26,568	$ 24,274
Non-interest income	2,283	1,644
Total revenue	28,851	25,918
Provision for (recovery of) credit losses	(127)	385
Revenue less provision for credit loss	28,978	25,533
Non-interest expenses:
Salaries and benefits	6,538	8,257
General and administrative	4,333	3,126
Premises and equipment	1,153	952
Noninterest expense	12,024	12,335
Income (loss) before income taxes	16,954	13,198
Income tax provision	4,255	3,781
Net income (loss)	12,699	9,417
Total assets	4,309,635	3,531,690	$ 4,201,610
Total liabilities	3,920,601	3,180,513	$ 3,824,452
Elimination of intersegment amounts [member]
Statement Line Items [Line Items]
Net interest income	0	0
Non-interest income	(337)	(191)
Total revenue	(337)	(191)
Provision for (recovery of) credit losses	0	0
Revenue less provision for credit loss	(337)	(191)
Non-interest expenses:
Salaries and benefits	0	0
General and administrative	(337)	(191)
Premises and equipment	0	0
Noninterest expense	(337)	(191)
Income (loss) before income taxes	0	0
Income tax provision	0	0
Net income (loss)	0	0
Total assets	(16,635)	(14,386)
Total liabilities	(22,887)	(21,435)
Banking segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	26,568	24,274
Non-interest income	120	2
Total revenue	26,688	24,276
Provision for (recovery of) credit losses	(127)	385
Revenue less provision for credit loss	26,815	23,891
Non-interest expenses:
Salaries and benefits	5,371	6,684
General and administrative	4,276	2,862
Premises and equipment	768	623
Noninterest expense	10,415	10,169
Income (loss) before income taxes	16,400	13,722
Income tax provision	4,136	3,789
Net income (loss)	12,264	9,933
Total assets	4,299,625	3,522,279
Total liabilities	3,914,863	3,174,197
Cybersecurity segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	0	0
Non-interest income	2,500	1,833
Total revenue	2,500	1,833
Provision for (recovery of) credit losses	0	0
Revenue less provision for credit loss	2,500	1,833
Non-interest expenses:
Salaries and benefits	1,167	1,573
General and administrative	394	455
Premises and equipment	385	329
Noninterest expense	1,946	2,357
Income (loss) before income taxes	554	(524)
Income tax provision	119	(8)
Net income (loss)	435	(516)
Total assets	26,645	23,797
Total liabilities	$ 28,625	$ 27,751