VersaBank (VBNK) 6-K 5 Sep 24 2024 Q3 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	9 Months Ended
	Jul. 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	Q3
Document Fiscal Year Focus	2024
Document Type	6-K
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
Document Period End Date	Jul. 31, 2024

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - CAD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023
Assets
Cash	$ 247,983	$ 132,242	$ 87,726
Securities (note 4)	153,026	167,940	182,944
Loans, net of allowance for credit losses (note 5)	4,049,449	3,850,404	3,661,672
Other assets (note 6)	65,978	51,024	48,503
Assets	4,516,436	4,201,610	3,980,845
Liabilities and Shareholders' Equity
Deposits	3,821,185	3,533,366	3,328,017
Subordinated notes payable (note 7)	101,641	106,850	101,585
Other liabilities (note 8)	184,625	184,236	186,200
Liabilities	4,107,451	3,824,452	3,615,802
Shareholders' equity:
Share capital (note 9)	228,471	228,471	228,191
Contributed surplus	2,789	2,513	2,339
Retained earnings	177,584	146,043	134,461
Accumulated other comprehensive income	141	131	52
Equity	408,985	377,158	365,043
Equity and liabilities	$ 4,516,436	$ 4,201,610	$ 3,980,845

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Interest income:
Loans	$ 66,614	$ 56,206	$ 197,786	$ 153,765
Other	5,032	3,883	14,395	9,480
Interest income	71,646	60,089	212,181	163,245
Interest expense:
Deposits and other	45,357	33,725	130,097	85,100
Subordinated notes	1,345	1,435	4,330	4,333
Interest expense	46,702	35,160	134,427	89,433
Net interest income	24,944	24,929	77,754	73,812
Non-interest income	2,052	1,930	6,594	5,650
Total revenue	26,996	26,859	84,348	79,462
Provision for (recovery of) credit losses (note 5)	(1)	171	(112)	793
Revenue less provision for credit loss	26,997	26,688	84,460	78,669
Non-interest expenses:
Salaries and benefits	7,507	7,453	21,454	24,139
General and administrative	4,833	4,446	12,723	10,888
Premises and equipment	1,194	980	3,566	2,913
Noninterest expense	13,534	12,879	37,743	37,940
Income before income taxes	13,463	13,809	46,717	40,729
Income tax provision (note 10)	3,758	3,806	12,485	11,046
Net income	9,705	10,003	34,232	29,683
Other comprehensive income (loss):
Items that may subsequently be reclassified to net income: Foreign exchange gain (loss) on translation of foreign operations	2	(42)	10	(47)
Comprehensive income	$ 9,707	$ 9,961	$ 34,242	$ 29,636
Basic and diluted income per common share (note 11) (in CAD per share)	$ 0.36	$ 0.38	$ 1.29	$ 1.1

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - CAD ($)	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			$ 225,982,000		$ 1,612,000	$ 109,335,000	$ 99,000
Statement Line Items [Line Items]
Purchased and cancelled during the period	$ (13,300,000)		(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	$ 228,191,000	214,544,000	$ 13,647,000	2,339,000	134,461,000	52,000
Balance, beginning of the period at Apr. 30, 2023			215,233,000		2,147,000	125,398,000	94,000
Statement Line Items [Line Items]
Purchased and cancelled during the period	(734,000)		(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	228,191,000	214,544,000	13,647,000	2,339,000	134,461,000	52,000
Balance, beginning of the period at Oct. 31, 2023	377,158,000		214,824,000		2,513,000	146,043,000	131,000
Statement Line Items [Line Items]
Purchased and cancelled during the period			0
Stock-based compensation (note 9)					276,000
Adjustment for purchased and cancelled common shares						0
Net income (loss)	34,232,000					34,232,000
Dividends paid on common and preferred shares						(2,691,000)
Other comprehensive income (loss)							10,000
Balance, end of the period at Jul. 31, 2024	408,985,000	228,471,000	214,824,000	13,647,000	2,789,000	177,584,000	141,000
Balance, beginning of the period at Apr. 30, 2024			214,824,000		2,717,000	168,776,000	139,000
Statement Line Items [Line Items]
Purchased and cancelled during the period			0
Stock-based compensation (note 9)					72,000
Adjustment for purchased and cancelled common shares						0
Net income (loss)	9,705,000					9,705,000
Dividends paid on common and preferred shares						(897,000)
Other comprehensive income (loss)							2,000
Balance, end of the period at Jul. 31, 2024	$ 408,985,000	$ 228,471,000	$ 214,824,000	$ 13,647,000	$ 2,789,000	$ 177,584,000	$ 141,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - CAD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Cash provided by (used in):
Net income	$ 34,232	$ 29,683
Adjustments to determine net cash flows:
Provision for (recovery of) credit losses	(112)	793
Stock-based compensation	276	727
Income tax provision	12,485	11,046
Interest income	(212,181)	(163,245)
Interest expense	134,427	89,433
Amortization	1,792	1,348
Accretion of discount on securities	(95)	(126)
Foreign exchange rate change on assets and liabilities	(8,272)	(667)
Interest received	207,137	157,430
Interest paid	(129,261)	(68,786)
Income taxes paid	(15,568)	(13,276)
Loans	(193,956)	(664,618)
Deposits	282,909	651,238
Change in other assets and liabilities	5,609	33,997
Cash flows from (used in) operating activities	119,422	64,977
Sale (purchase) of securities (note 19)	14,130	(42,155)
Purchase of property and equipment	(18,681)	(350)
Cash flows from (used in) investing activities	(4,551)	(42,505)
Financing:
Purchase and cancellation of common shares	0	(13,292)
Redemption of subordinated notes payable	(5,000)	0
Dividends paid	(2,691)	(2,703)
Repayment of lease obligations	(541)	(527)
Cash flows from (used in) financing activities	(8,232)	(16,522)
Change in cash	106,639	5,950
Effect of exchange rate changes on cash	9,102	(6,805)
Cash, beginning of the period	132,242	88,581
Cash, end of the period	$ 247,983	$ 87,726

Note 1 - Reporting Entity

Note 1 - Reporting Entity	9 Months Ended
	Jul. 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	9 Months Ended
	Jul. 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 nine July 31, 2024 2023 September 3, 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, 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	9 Months Ended
	Jul. 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	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of debt instruments [text block]	4. Securities: As at July 31, 2024, October 31, 2023 - August 1, 2024, May 1, 2025.

Note 5 - Loans, Net of Allowanc

Note 5 - Loans, Net of Allowance for Credit Losses	9 Months Ended
	Jul. 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 Receivable Purchase Program ( POS /RPP 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 2024 2023 2023 Point-of-sale loans and leases $ 3,228,354 $ 2,879,320 $ 2,776,126 Commercial real estate mortgages 736,345 889,069 810,630 Commercial real estate loans 8,523 8,793 9,298 Public sector and other financing 56,923 55,054 49,627 4,030,145 3,832,236 3,645,681 Allowance for credit losses (2,401 ) (2,513 ) (2,697 ) Accrued interest 21,705 20,681 18,688 Total loans, net of allowance for credit losses $ 4,049,449 $ 3,850,404 $ 3,661,672 Three & nine July 31, 2024 2023 The following table provides a summary of loan amounts, ECL allowance amounts, and expected loss (“EL”) rates by lending asset category: As at July 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 $ 3,219,239 $ 9,057 $ 58 $ 3,228,354 $ 2,873,078 $ 6,242 $ - $ 2,879,320 ECL allowance 565 - - 565 100 - - 100 EL % 0.02 % 0.00 % 0.00 % 0.02 % 0.00 % 0.00 % 0.00 % 0.00 % Commercial real estate mortgages $ 524,773 $ 211,572 $ - $ 736,345 $ 717,755 $ 155,993 $ 15,321 $ 889,069 ECL allowance 1,213 387 - 1,600 1,699 523 - 2,222 EL % 0.23 % 0.18 % 0.00 % 0.22 % 0.24 % 0.34 % 0.00 % 0.25 % Commercial real estate loans $ 7,083 $ 1,440 $ - $ 8,523 $ 8,793 $ - $ - $ 8,793 ECL allowance 48 11 - 59 42 - - 42 EL % 0.68 % 0.76 % 0.00 % 0.69 % 0.48 % 0.00 % 0.00 % 0.48 % Public sector and other financing $ 56,281 $ 642 $ - $ 56,923 $ 49,293 $ 5,761 $ - $ 55,054 ECL allowance 176 1 - 177 104 45 - 149 EL % 0.31 % 0.16 % 0.00 % 0.31 % 0.21 % 0.78 % 0.00 % 0.27 % Total loans $ 3,807,376 $ 222,711 $ 58 $ 4,030,145 $ 3,648,919 $ 167,996 $ 15,321 $ 3,832,236 Total ECL allowance 2,002 399 - 2,401 1,945 568 - 2,513 Total EL % 0.05 % 0.18 % 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 and/or cash reserves (holdbacks) on loan and lease receivables included in the POS/RPP 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 not 1. 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 its September December 2024 2025 2024; 2024 not 2025. 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, 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 July 31, 2024: (thousands of Canadian dollars) Reported 100% 100% 100% ECL Upside Baseline Downside Allowance for expected credit losses $ 2,401 $ 1,574 $ 1,867 $ 2,570 Variance from reported ECL (827 ) (534 ) 169 Variance from reported ECL (%) (34% ) (22% ) 7 % The following table provides a reconciliation of the Bank’s ECL allowance by lending asset category for the three July 31, 2024: (thousands of Canadian dollars) Stage 1 Stage 2 Stage 3 Total Point-of-sale loans and leases Balance at beginning of period $ 207 $ - $ - $ 207 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 358 - - 358 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 358 - - 358 Write-offs - - - - Recoveries - - - - Balance at end of period $ 565 $ - $ - $ 565 Commercial real estate mortgages Balance at beginning of period $ 1,643 $ 299 $ - $ 1,942 Transfer in (out) to Stage 1 65 (65 ) - - Transfer in (out) to Stage 2 (230 ) 230 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (172 ) (58 ) - (230 ) Loan originations 7 - - 7 Derecognitions and maturities (100 ) (19 ) - (119 ) Provision for (recovery of) credit losses (430 ) 88 - (342 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,213 $ 387 $ - $ 1,600 Commercial real estate loans Balance at beginning of period $ 58 $ - $ - $ 58 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (11 ) 11 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 1 - - 1 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (10 ) 11 - 1 Write-offs - - - - Recoveries - - - - Balance at end of period $ 48 $ 11 $ - $ 59 Public sector and other financing Balance at beginning of period $ 185 $ 10 $ - $ 195 Transfer in (out) to Stage 1 9 (9 ) - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (18 ) - - (18 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (9 ) (9 ) - (18 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 176 $ 1 $ - $ 177 Total balance at end of period $ 2,002 $ 399 $ - $ 2,401 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 nine July 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 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 465 - - 465 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 465 - - 465 Write-offs - - - - Recoveries - - - - Balance at end of period $ 565 $ - $ - $ 565 Commercial real estate mortgages Balance at beginning of period $ 1,699 $ 523 $ - $ 2,222 Transfer in (out) to Stage 1 297 (297 ) - - Transfer in (out) to Stage 2 (392 ) 392 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (278 ) (169 ) - (447 ) Loan originations 84 - - 84 Derecognitions and maturities (197 ) (62 ) - (259 ) Provision for (recovery of) credit losses (486 ) (136 ) - (622 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,213 $ 387 $ - $ 1,600 Commercial real estate loans Balance at beginning of period $ 42 $ - $ - $ 42 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (11 ) 11 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 6 - - 6 Loan originations 11 - - 11 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 6 11 - 17 Write-offs - - - - Recoveries - - - - Balance at end of period $ 48 $ 11 $ - $ 59 Public sector and other financing Balance at beginning of period $ 104 $ 45 $ - $ 149 Transfer in (out) to Stage 1 27 (27 ) - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 32 (17 ) - 15 Loan originations 13 - - 13 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 72 (44 ) - 28 Write-offs - - - - Recoveries - - - - Balance at end of period $ 176 $ 1 $ - $ 177 Total balance at end of period $ 2,002 $ 399 $ - $ 2,401 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 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 July 31, 2024, October 31, 2023 – no

Note 6 - Other Assets

Note 6 - Other Assets	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of other assets [text block]	6. Other assets: (thousands of Canadian dollars) July 31 October 31 July 31 2024 2023 2023 Accounts receivable $ 5,710 $ 3,858 $ 3,177 Prepaid expenses and other 21,517 22,130 21,682 Property and equipment 24,239 6,536 6,687 Right-of-use assets 2,909 3,427 3,602 Deferred income tax asset 2,251 4,058 2,641 Interest rate swap (note 12) 150 1,517 1,118 Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets 2,495 2,791 2,889 $ 65,978 $ 51,024 $ 48,503 a) In February 2021, not

Note 7 - Subordinated Notes Pay

Note 7 - Subordinated Notes Payable	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of borrowings [text block]	7. Subordinated notes payable: (thousands of Canadian dollars) July 31 October 31 July 31 2024 2023 2023 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $ 75.0 5.38 May 2031 $ 101,641 $ 101,931 $ 96,669 Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $ 5.0 500,000 10.41 March 2029 - 4,919 4,916 $ 101,641 $ 106,850 $ 101,585 On April 30, 2024,

Note 8 - Other Liabilities

Note 8 - Other Liabilities	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of other liabilities [text block]	8. Other liabilities: (thousands of Canadian dollars) July 31 October 31 July 31 2024 2023 2023 Accounts payable and other $ 9,252 $ 9,681 $ 7,265 Current income tax liability 3,109 7,466 4,527 Deferred income tax liability 332 731 659 Lease obligations 3,230 3,771 3,944 Cash collateral and amounts held in escrow 6,421 8,818 9,657 Cash reserves on loan and lease receivables 162,281 153,769 160,148 $ 184,625 $ 184,236 $ 186,200

Note 9 - Share Capital

Note 9 - Share Capital	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of classes of share capital [text block]	9. Share capital: a) Common shares: At July 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 July 31, 2024. July 31, 2023, No nine July 31, 2024. nine July 31, 2023, b) Preferred shares: At July 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 nine July 31, 2024 2023: for the three months ended for the nine months ended July 31, 2024 July 31, 2023 July 31, 2024 July 31, 2023 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 861,793 $ 15.90 952,776 $ 15.53 874,393 $ 15.90 965,766 $ 15.53 Granted - - - - - - 1,500 15.90 Exercised - - - - - - - - Forfeited/cancelled (2,325 ) 15.90 (26,000 ) 15.90 (14,925 ) 15.90 (40,490 ) 15.90 Expired - - - - - - - - Outstanding, end of period 859,468 $ 15.90 926,776 $ 15.52 859,468 $ 15.90 926,776 $ 15.52 For the three nine July 31, 2024, July 31, 2023 - July 31, 2023 -

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of income tax [text block]	10. Income tax provision: Income tax provision for the three nine July 31, 2024 July 31, 2023 - July 31, 2023 - 2023 not

Note 11 - Income Per Common Sha

Note 11 - Income Per Common Share	9 Months Ended
	Jul. 31, 2024
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 2024 2023 2024 2023 Net income $ 9,705 $ 10,003 $ 34,232 $ 29,683 Less: dividends on preferred shares (247 ) (247 ) (741 ) (741 ) 9,458 9,756 33,491 28,942 Weighted average number of common shares outstanding 25,964,424 25,957,755 25,964,424 26,386,915 Income per common share: $ 0.36 $ 0.38 $ 1.29 $ 1.10 Common shares associated with the Series 1

Note 12 - Derivative Instrument

Note 12 - Derivative Instruments	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of financial assets [text block]	12. Derivative instruments: At July 31, 2024, October 31, 2023 - October 31, 2023 - not July 31, 2024, October 31, 2023 -

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	9 Months Ended
	Jul. 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) July 31 October 31 July 31 2024 2023 2023 Loan commitments $ 367,494 $ 405,426 $ 341,679 Letters of credit 66,167 75,963 82,847 $ 433,661 $ 481,389 $ 424,526

Note 14 - Related Party Transac

Note 14 - Related Party Transactions	9 Months Ended
	Jul. 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 July 31, 2024, October 31, 2023 - October 31, 2023 - three nine July 31, 2024, July 31, 2023 - July 31, 2023 - July 31, 2024, October 31, 2023 - $nil April 30, 2024, April 2019; 7

Note 15 - Capital Management

Note 15 - Capital Management	9 Months Ended
	Jul. 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 stipulated policies, which are approved by the Board of Directors, 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, 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) July 31 October 31 2024 2023 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 214,824 $ 214,824 Contributed surplus 2,789 2,513 Retained earnings 177,584 146,043 Accumulated other comprehensive income 141 131 CET1 before regulatory adjustments 395,338 363,511 Regulatory adjustments applied to CET1 (10,842 ) (12,699 ) Common Equity Tier 1 capital $ 384,496 $ 350,812 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 398,143 $ 364,459 Tier 2 capital Directly issued Tier 2 capital instruments $ 103,568 $ 109,033 Tier 2 capital before regulatory adjustments 103,568 109,033 Eligible stage 1 and stage 2 allowance 2,401 2,513 Total Tier 2 capital $ 105,969 $ 111,546 Total regulatory capital $ 504,112 $ 476,005 Total risk-weighted assets $ 3,273,524 $ 3,095,092 Capital ratios CET1 capital ratio 11.75 % 11.33 % Tier 1 capital ratio 12.16 % 11.78 % Total capital ratio 15.40 % 15.38 % As at July 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) July 31 October 31 2024 2023 On-balance sheet assets $ 4,516,436 $ 4,201,610 Assets amounts adjusted in determining the Basel III Tier 1 capital (10,842 ) (12,699 ) Total on-balance sheet exposures 4,505,594 4,188,911 Total off-balance sheet exposure at gross notional amount $ 433,661 $ 481,389 Adjustments for conversion to credit equivalent amount (275,050 ) (281,705 ) Total off-balance sheet exposures 158,611 199,684 Tier 1 capital 398,143 364,459 Total exposures 4,664,205 4,388,595 Leverage ratio 8.54 % 8.30 % As at July 31, 2024 October 31, 2023,

Note 16 - Interest Rate Risk Po

Note 16 - Interest Rate Risk Position	9 Months Ended
	Jul. 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) July 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 $ 5,444 $ (5,457 ) $ 4,046 $ (4,059 ) Duration difference between assets and liabilities (months) (2.8 ) (2.0 )

Note 17 - Fair Value of Financi

Note 17 - Fair Value of Financial Instruments	9 Months Ended
	Jul. 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) July 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 $ 247,983 $ 247,983 $ - $ - $ 247,983 $ 132,242 $ 132,242 $ - $ - $ 132,242 Securities 153,026 153,026 - - 153,026 167,940 167,940 - - 167,940 Loans 4,049,449 - - 4,007,130 4,007,130 3,850,404 - - 3,837,599 3,837,599 Derivatives 150 - 150 - 150 1,517 - 1,517 - 1,517 Other financial assets 953 - - 953 953 953 - - 953 953 Liabilities Deposits $ 3,821,185 $ - $ - $ 3,791,490 $ 3,791,490 $ 3,533,366 $ - $ - $ 3,436,491 $ 3,436,491 Subordinated notes payable 101,641 - 98,390 - 98,390 106,850 - 109,033 - 109,033 Other financial liabilities 181,184 - - 181,184 181,184 176,039 - - 176,039 176,039

Note 18 - Operating Segmentatio

Note 18 - Operating Segmentation	9 Months Ended
	Jul. 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 nine July 31, 2024 2023: (thousands of Canadian dollars) for the three months ended July 31, 2024 July 31, 2023 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 24,944 $ - $ - $ 24,944 $ 24,929 $ - $ - $ 24,929 Non-interest income 175 2,219 (342 ) 2,052 101 2,020 (191 ) 1,930 Total revenue 25,119 2,219 (342 ) 26,996 25,030 2,020 (191 ) 26,859 Provision for (recovery of) credit losses (1 ) - - (1 ) 171 - - 171 25,120 2,219 (342 ) 26,997 24,859 2,020 (191 ) 26,688 Non-interest expenses: Salaries and benefits 5,945 1,562 - 7,507 5,891 1,562 - 7,453 General and administrative 4,729 446 (342 ) 4,833 4,257 380 (191 ) 4,446 Premises and equipment 824 370 - 1,194 610 370 - 980 11,498 2,378 (342 ) 13,534 10,758 2,312 (191 ) 12,879 Income (loss) before income taxes 13,622 (159 ) - 13,463 14,101 (292 ) - 13,809 Income tax provision 3,811 (53 ) - 3,758 3,999 (193 ) - 3,806 Net income (loss) $ 9,811 $ (106 ) $ - $ 9,705 $ 10,102 $ (99 ) $ - $ 10,003 Total assets $ 4,507,158 $ 27,285 $ (18,007 ) $ 4,516,436 $ 3,971,781 $ 25,485 $ (16,421 ) $ 3,980,845 Total liabilities $ 4,102,239 $ 29,471 $ (24,259 ) $ 4,107,451 $ 3,609,832 $ 29,123 $ (23,153 ) $ 3,615,802 (thousands of Canadian dollars) for the nine months ended July 31, 2024 July 31, 2023 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 77,754 $ - $ - $ 77,754 $ 73,812 $ - $ - $ 73,812 Non-interest income 557 7,055 (1,018 ) 6,594 225 5,999 (574 ) 5,650 Total revenue 78,311 7,055 (1,018 ) 84,348 74,037 5,999 (574 ) 79,462 Provision for (recovery of) credit losses (112 ) - - (112 ) 793 - - 793 78,423 7,055 (1,018 ) 84,460 73,244 5,999 (574 ) 78,669 Non-interest expenses: Salaries and benefits 17,040 4,414 - 21,454 19,505 4,634 - 24,139 General and administrative 12,450 1,291 (1,018 ) 12,723 10,250 1,212 (574 ) 10,888 Premises and equipment 2,437 1,129 - 3,566 1,845 1,068 - 2,913 31,927 6,834 (1,018 ) 37,743 31,600 6,914 (574 ) 37,940 Income (loss) before income taxes 46,496 221 - 46,717 41,644 (915 ) - 40,729 Income tax provision 12,431 54 - 12,485 11,779 (733 ) - 11,046 Net income (loss) $ 34,065 $ 167 $ - $ 34,232 $ 29,865 $ (182 ) $ - $ 29,683 Total assets $ 4,507,158 $ 27,285 $ (18,007 ) $ 4,516,436 $ 3,971,781 $ 25,485 $ (16,421 ) $ 3,980,845 Total liabilities $ 4,102,239 $ 29,471 $ (24,259 ) $ 4,107,451 $ 3,609,832 $ 29,123 $ (23,153 ) $ 3,615,802 The Bank has operations in the US, through both its Digital Banking and DRTC businesses, however as at July 31, 2024,

Note 19 - Comparative Balances

Note 19 - Comparative Balances	9 Months Ended
	Jul. 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 were reflected in operating activities in the comparative period and are now reflected as investing activities, consistent with the presentation and disclosure in the Bank’s annual audited financial statements for the year ended October 31, 2023. not

Note 20 - Subsequent Event

Note 20 - Subsequent Event	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of non-adjusting events after reporting period [text block]	20. Subsequent event: Acquisition of Stearns Bank Holdingford, N.A. On August 30, 2024 US$14.0 CA$19.3 June 2024 Upon the close of the share acquisition of SBH, the Bank acquired approximately US$61.1 US$54.1 2022. first August 30, 2024.

Note 5 - Loans, Net of Allowa_2

Note 5 - Loans, Net of Allowance for Credit Losses (Tables)	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of loans, net [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2024 2023 2023 Point-of-sale loans and leases $ 3,228,354 $ 2,879,320 $ 2,776,126 Commercial real estate mortgages 736,345 889,069 810,630 Commercial real estate loans 8,523 8,793 9,298 Public sector and other financing 56,923 55,054 49,627 4,030,145 3,832,236 3,645,681 Allowance for credit losses (2,401 ) (2,513 ) (2,697 ) Accrued interest 21,705 20,681 18,688 Total loans, net of allowance for credit losses $ 4,049,449 $ 3,850,404 $ 3,661,672
Disclosure of loans by lending asset category [text block]	As at July 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 $ 3,219,239 $ 9,057 $ 58 $ 3,228,354 $ 2,873,078 $ 6,242 $ - $ 2,879,320 ECL allowance 565 - - 565 100 - - 100 EL % 0.02 % 0.00 % 0.00 % 0.02 % 0.00 % 0.00 % 0.00 % 0.00 % Commercial real estate mortgages $ 524,773 $ 211,572 $ - $ 736,345 $ 717,755 $ 155,993 $ 15,321 $ 889,069 ECL allowance 1,213 387 - 1,600 1,699 523 - 2,222 EL % 0.23 % 0.18 % 0.00 % 0.22 % 0.24 % 0.34 % 0.00 % 0.25 % Commercial real estate loans $ 7,083 $ 1,440 $ - $ 8,523 $ 8,793 $ - $ - $ 8,793 ECL allowance 48 11 - 59 42 - - 42 EL % 0.68 % 0.76 % 0.00 % 0.69 % 0.48 % 0.00 % 0.00 % 0.48 % Public sector and other financing $ 56,281 $ 642 $ - $ 56,923 $ 49,293 $ 5,761 $ - $ 55,054 ECL allowance 176 1 - 177 104 45 - 149 EL % 0.31 % 0.16 % 0.00 % 0.31 % 0.21 % 0.78 % 0.00 % 0.27 % Total loans $ 3,807,376 $ 222,711 $ 58 $ 4,030,145 $ 3,648,919 $ 167,996 $ 15,321 $ 3,832,236 Total ECL allowance 2,002 399 - 2,401 1,945 568 - 2,513 Total EL % 0.05 % 0.18 % 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 $ 2,401 $ 1,574 $ 1,867 $ 2,570 Variance from reported ECL (827 ) (534 ) 169 Variance from reported ECL (%) (34% ) (22% ) 7 %
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 $ 207 $ - $ - $ 207 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 358 - - 358 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 358 - - 358 Write-offs - - - - Recoveries - - - - Balance at end of period $ 565 $ - $ - $ 565 Commercial real estate mortgages Balance at beginning of period $ 1,643 $ 299 $ - $ 1,942 Transfer in (out) to Stage 1 65 (65 ) - - Transfer in (out) to Stage 2 (230 ) 230 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (172 ) (58 ) - (230 ) Loan originations 7 - - 7 Derecognitions and maturities (100 ) (19 ) - (119 ) Provision for (recovery of) credit losses (430 ) 88 - (342 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,213 $ 387 $ - $ 1,600 Commercial real estate loans Balance at beginning of period $ 58 $ - $ - $ 58 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (11 ) 11 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 1 - - 1 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (10 ) 11 - 1 Write-offs - - - - Recoveries - - - - Balance at end of period $ 48 $ 11 $ - $ 59 Public sector and other financing Balance at beginning of period $ 185 $ 10 $ - $ 195 Transfer in (out) to Stage 1 9 (9 ) - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (18 ) - - (18 ) Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses (9 ) (9 ) - (18 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 176 $ 1 $ - $ 177 Total balance at end of period $ 2,002 $ 399 $ - $ 2,401 (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 $ 100 $ - $ - $ 100 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 465 - - 465 Loan originations - - - - Derecognitions and maturities - - - - Provision for (recovery of) credit losses 465 - - 465 Write-offs - - - - Recoveries - - - - Balance at end of period $ 565 $ - $ - $ 565 Commercial real estate mortgages Balance at beginning of period $ 1,699 $ 523 $ - $ 2,222 Transfer in (out) to Stage 1 297 (297 ) - - Transfer in (out) to Stage 2 (392 ) 392 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance (278 ) (169 ) - (447 ) Loan originations 84 - - 84 Derecognitions and maturities (197 ) (62 ) - (259 ) Provision for (recovery of) credit losses (486 ) (136 ) - (622 ) Write-offs - - - - Recoveries - - - - Balance at end of period $ 1,213 $ 387 $ - $ 1,600 Commercial real estate loans Balance at beginning of period $ 42 $ - $ - $ 42 Transfer in (out) to Stage 1 - - - - Transfer in (out) to Stage 2 (11 ) 11 - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 6 - - 6 Loan originations 11 - - 11 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 6 11 - 17 Write-offs - - - - Recoveries - - - - Balance at end of period $ 48 $ 11 $ - $ 59 Public sector and other financing Balance at beginning of period $ 104 $ 45 $ - $ 149 Transfer in (out) to Stage 1 27 (27 ) - - Transfer in (out) to Stage 2 - - - - Transfer in (out) to Stage 3 - - - - Net remeasurement of loss allowance 32 (17 ) - 15 Loan originations 13 - - 13 Derecognitions and maturities - - - - Provision for (recovery of) credit losses 72 (44 ) - 28 Write-offs - - - - Recoveries - - - - Balance at end of period $ 176 $ 1 $ - $ 177 Total balance at end of period $ 2,002 $ 399 $ - $ 2,401 (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

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of detailed information about other assets [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2024 2023 2023 Accounts receivable $ 5,710 $ 3,858 $ 3,177 Prepaid expenses and other 21,517 22,130 21,682 Property and equipment 24,239 6,536 6,687 Right-of-use assets 2,909 3,427 3,602 Deferred income tax asset 2,251 4,058 2,641 Interest rate swap (note 12) 150 1,517 1,118 Investment (note 6a) 953 953 953 Goodwill 5,754 5,754 5,754 Intangible assets 2,495 2,791 2,889 $ 65,978 $ 51,024 $ 48,503

Note 7 - Subordinated Notes P_2

Note 7 - Subordinated Notes Payable (Tables)	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of detailed information about borrowings [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2024 2023 2023 Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $ 75.0 5.38 May 2031 $ 101,641 $ 101,931 $ 96,669 Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $ 5.0 500,000 10.41 March 2029 - 4,919 4,916 $ 101,641 $ 106,850 $ 101,585

Note 8 - Other Liabilities (Tab

Note 8 - Other Liabilities (Tables)	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of detailed information about other liabilities [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2024 2023 2023 Accounts payable and other $ 9,252 $ 9,681 $ 7,265 Current income tax liability 3,109 7,466 4,527 Deferred income tax liability 332 731 659 Lease obligations 3,230 3,771 3,944 Cash collateral and amounts held in escrow 6,421 8,818 9,657 Cash reserves on loan and lease receivables 162,281 153,769 160,148 $ 184,625 $ 184,236 $ 186,200

Note 9 - Share Capital (Tables)

Note 9 - Share Capital (Tables)	9 Months Ended
	Jul. 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 for the nine months ended July 31, 2024 July 31, 2023 July 31, 2024 July 31, 2023 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 861,793 $ 15.90 952,776 $ 15.53 874,393 $ 15.90 965,766 $ 15.53 Granted - - - - - - 1,500 15.90 Exercised - - - - - - - - Forfeited/cancelled (2,325 ) 15.90 (26,000 ) 15.90 (14,925 ) 15.90 (40,490 ) 15.90 Expired - - - - - - - - Outstanding, end of period 859,468 $ 15.90 926,776 $ 15.52 859,468 $ 15.90 926,776 $ 15.52

Note 11 - Income Per Common S_2

Note 11 - Income Per Common Share (Tables)	9 Months Ended
	Jul. 31, 2024
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 2024 2023 2024 2023 Net income $ 9,705 $ 10,003 $ 34,232 $ 29,683 Less: dividends on preferred shares (247 ) (247 ) (741 ) (741 ) 9,458 9,756 33,491 28,942 Weighted average number of common shares outstanding 25,964,424 25,957,755 25,964,424 26,386,915 Income per common share: $ 0.36 $ 0.38 $ 1.29 $ 1.10

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Tables)	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of commitments [text block]	(thousands of Canadian dollars) July 31 October 31 July 31 2024 2023 2023 Loan commitments $ 367,494 $ 405,426 $ 341,679 Letters of credit 66,167 75,963 82,847 $ 433,661 $ 481,389 $ 424,526

Note 15 - Capital Management (T

Note 15 - Capital Management (Tables)	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of regulatory capital and capital ratios [text block]	(thousands of Canadian dollars) July 31 October 31 2024 2023 Common Equity Tier 1 (CET1) capital Directly issued qualifying common share capital $ 214,824 $ 214,824 Contributed surplus 2,789 2,513 Retained earnings 177,584 146,043 Accumulated other comprehensive income 141 131 CET1 before regulatory adjustments 395,338 363,511 Regulatory adjustments applied to CET1 (10,842 ) (12,699 ) Common Equity Tier 1 capital $ 384,496 $ 350,812 Additional Tier 1 capital Directly issued qualifying Additional Tier 1 instruments $ 13,647 $ 13,647 Total Tier 1 capital $ 398,143 $ 364,459 Tier 2 capital Directly issued Tier 2 capital instruments $ 103,568 $ 109,033 Tier 2 capital before regulatory adjustments 103,568 109,033 Eligible stage 1 and stage 2 allowance 2,401 2,513 Total Tier 2 capital $ 105,969 $ 111,546 Total regulatory capital $ 504,112 $ 476,005 Total risk-weighted assets $ 3,273,524 $ 3,095,092 Capital ratios CET1 capital ratio 11.75 % 11.33 % Tier 1 capital ratio 12.16 % 11.78 % Total capital ratio 15.40 % 15.38 % (thousands of Canadian dollars) July 31 October 31 2024 2023 On-balance sheet assets $ 4,516,436 $ 4,201,610 Assets amounts adjusted in determining the Basel III Tier 1 capital (10,842 ) (12,699 ) Total on-balance sheet exposures 4,505,594 4,188,911 Total off-balance sheet exposure at gross notional amount $ 433,661 $ 481,389 Adjustments for conversion to credit equivalent amount (275,050 ) (281,705 ) Total off-balance sheet exposures 158,611 199,684 Tier 1 capital 398,143 364,459 Total exposures 4,664,205 4,388,595 Leverage ratio 8.54 % 8.30 %

Note 16 - Interest Rate Risk _2

Note 16 - Interest Rate Risk Position (Tables)	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Sensitivity analysis for types of market risk [text block]	(thousands of Canadian dollars) July 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 $ 5,444 $ (5,457 ) $ 4,046 $ (4,059 ) Duration difference between assets and liabilities (months) (2.8 ) (2.0 )

Note 17 - Fair Value of Finan_2

Note 17 - Fair Value of Financial Instruments (Tables)	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of detailed information about financial instruments [text block]	(thousands of Canadian dollars) July 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 $ 247,983 $ 247,983 $ - $ - $ 247,983 $ 132,242 $ 132,242 $ - $ - $ 132,242 Securities 153,026 153,026 - - 153,026 167,940 167,940 - - 167,940 Loans 4,049,449 - - 4,007,130 4,007,130 3,850,404 - - 3,837,599 3,837,599 Derivatives 150 - 150 - 150 1,517 - 1,517 - 1,517 Other financial assets 953 - - 953 953 953 - - 953 953 Liabilities Deposits $ 3,821,185 $ - $ - $ 3,791,490 $ 3,791,490 $ 3,533,366 $ - $ - $ 3,436,491 $ 3,436,491 Subordinated notes payable 101,641 - 98,390 - 98,390 106,850 - 109,033 - 109,033 Other financial liabilities 181,184 - - 181,184 181,184 176,039 - - 176,039 176,039

Note 18 - Operating Segmentat_2

Note 18 - Operating Segmentation (Tables)	9 Months Ended
	Jul. 31, 2024
Statement Line Items [Line Items]
Disclosure of operating segments [text block]	(thousands of Canadian dollars) for the three months ended July 31, 2024 July 31, 2023 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 24,944 $ - $ - $ 24,944 $ 24,929 $ - $ - $ 24,929 Non-interest income 175 2,219 (342 ) 2,052 101 2,020 (191 ) 1,930 Total revenue 25,119 2,219 (342 ) 26,996 25,030 2,020 (191 ) 26,859 Provision for (recovery of) credit losses (1 ) - - (1 ) 171 - - 171 25,120 2,219 (342 ) 26,997 24,859 2,020 (191 ) 26,688 Non-interest expenses: Salaries and benefits 5,945 1,562 - 7,507 5,891 1,562 - 7,453 General and administrative 4,729 446 (342 ) 4,833 4,257 380 (191 ) 4,446 Premises and equipment 824 370 - 1,194 610 370 - 980 11,498 2,378 (342 ) 13,534 10,758 2,312 (191 ) 12,879 Income (loss) before income taxes 13,622 (159 ) - 13,463 14,101 (292 ) - 13,809 Income tax provision 3,811 (53 ) - 3,758 3,999 (193 ) - 3,806 Net income (loss) $ 9,811 $ (106 ) $ - $ 9,705 $ 10,102 $ (99 ) $ - $ 10,003 Total assets $ 4,507,158 $ 27,285 $ (18,007 ) $ 4,516,436 $ 3,971,781 $ 25,485 $ (16,421 ) $ 3,980,845 Total liabilities $ 4,102,239 $ 29,471 $ (24,259 ) $ 4,107,451 $ 3,609,832 $ 29,123 $ (23,153 ) $ 3,615,802 (thousands of Canadian dollars) for the nine months ended July 31, 2024 July 31, 2023 Digital DRTC Eliminations/ Consolidated Digital DRTC Eliminations/ Consolidated Banking Adjustments Banking Adjustments Net interest income $ 77,754 $ - $ - $ 77,754 $ 73,812 $ - $ - $ 73,812 Non-interest income 557 7,055 (1,018 ) 6,594 225 5,999 (574 ) 5,650 Total revenue 78,311 7,055 (1,018 ) 84,348 74,037 5,999 (574 ) 79,462 Provision for (recovery of) credit losses (112 ) - - (112 ) 793 - - 793 78,423 7,055 (1,018 ) 84,460 73,244 5,999 (574 ) 78,669 Non-interest expenses: Salaries and benefits 17,040 4,414 - 21,454 19,505 4,634 - 24,139 General and administrative 12,450 1,291 (1,018 ) 12,723 10,250 1,212 (574 ) 10,888 Premises and equipment 2,437 1,129 - 3,566 1,845 1,068 - 2,913 31,927 6,834 (1,018 ) 37,743 31,600 6,914 (574 ) 37,940 Income (loss) before income taxes 46,496 221 - 46,717 41,644 (915 ) - 40,729 Income tax provision 12,431 54 - 12,485 11,779 (733 ) - 11,046 Net income (loss) $ 34,065 $ 167 $ - $ 34,232 $ 29,865 $ (182 ) $ - $ 29,683 Total assets $ 4,507,158 $ 27,285 $ (18,007 ) $ 4,516,436 $ 3,971,781 $ 25,485 $ (16,421 ) $ 3,980,845 Total liabilities $ 4,102,239 $ 29,471 $ (24,259 ) $ 4,107,451 $ 3,609,832 $ 29,123 $ (23,153 ) $ 3,615,802

Note 4 - Securities (Details Te

Note 4 - Securities (Details Textual) - CAD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023
Statement Line Items [Line Items]
Government debt instruments held	$ 153,026	$ 167,940	$ 182,944
Government of Canada Securities [member]
Statement Line Items [Line Items]
Government debt instruments held	153,000	$ 167,900
Government of Canada Treasury Bill Securities [member]
Statement Line Items [Line Items]
Government debt instruments held	150,000
Notional amount	$ 150,000
Financial assets, interest rate	4.51%
Government of Canada Bond Maturing May 2025 [Member]
Statement Line Items [Line Items]
Government debt instruments held	$ 3,000
Notional amount	$ 3,000
Financial assets, interest rate	4.76%
Government of Canada Bond Maturing May 2025 [Member] | Fixed interest rate [member]
Statement Line Items [Line Items]
Financial assets, interest rate	3.75%

Note 5 - Loans, Net of Allowa_3

Note 5 - Loans, Net of Allowance for Credit Losses (Details Textual) - USD ($)	Jul. 31, 2024	Oct. 31, 2023
Satisfactory Grade Loans [Member]
Statement Line Items [Line Items]
Percentage of Lending Assets	97%	99%
West Texas Intermediate [member] | Bottom of range [member]
Statement Line Items [Line Items]
Global oil prices	$ 80

Note 5 - Loans, Net of Allowa_4

Note 5 - Loans, Net of Allowance for Credit Losses - Portfolio Analysis (Details) - Loans [member] - CAD ($) $ in Thousands	Jul. 31, 2024	Apr. 30, 2024	Oct. 31, 2023	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022
Statement Line Items [Line Items]
Loans, gross	$ 4,030,145		$ 3,832,236	$ 3,645,681
Accrued interest	21,705		20,681	18,688
Total loans, net of allowance for credit losses	4,049,449		3,850,404	3,661,672
Provision for credit commitments [member]
Statement Line Items [Line Items]
Allowance for credit losses	(2,401)		(2,513)	(2,697)
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Loans, gross	3,228,354		2,879,320	2,776,126
Point of sale loans and leases [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Allowance for credit losses	(565)	$ (207)	(100)	(646)	$ (627)	$ (545)
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Loans, gross	736,345		889,069	810,630
Commercial real estate mortgages [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Allowance for credit losses	(1,600)	(1,942)	(2,222)	(1,906)	(1,767)	(1,287)
Commercial real estate loans [member]
Statement Line Items [Line Items]
Loans, gross	8,523		8,793	9,298
Commercial real estate loans [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Allowance for credit losses	(59)	(58)	(42)	(50)	(59)	(54)
Public sector and other financing [member]
Statement Line Items [Line Items]
Loans, gross	56,923		55,054	49,627
Public sector and other financing [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Allowance for credit losses	$ (177)	$ (195)	$ (149)	$ (95)	$ (73)	$ (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	Jul. 31, 2024	Apr. 30, 2024	Oct. 31, 2023	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2022
Statement Line Items [Line Items]
Notional amount	$ 4,030,145		$ 3,832,236	$ 3,645,681
EL %	0.06%		0.07%
Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 2,401		$ 2,513	2,697
Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 3,807,376		$ 3,648,919
EL %	0.05%		0.05%
Stage 1 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 2,002		$ 1,945	2,425
Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 222,711		$ 167,996
EL %	0.18%		0.34%
Stage 2 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 399		$ 568	272
Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 58		$ 15,321
EL %	0%		0%
Financial instruments credit-impaired [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 0		$ 0	0
Point of sale loans and leases [member]
Statement Line Items [Line Items]
Notional amount	$ 3,228,354		$ 2,879,320	2,776,126
EL %	0.02%		0%
Point of sale loans and leases [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 565	$ 207	$ 100	646	$ 627	$ 545
Point of sale loans and leases [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 3,219,239		$ 2,873,078
EL %	0.02%		0%
Point of sale loans and leases [member] | Stage 1 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 565	207	$ 100	646	627	545
Point of sale loans and leases [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 9,057		$ 6,242
EL %	0%		0%
Point of sale loans and leases [member] | Stage 2 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 0	0	$ 0	0	0	0
Point of sale loans and leases [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 58		$ 0
EL %	0%		0%
Point of sale loans and leases [member] | Financial instruments credit-impaired [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 0	0	$ 0	0	0	0
Commercial real estate mortgages [member]
Statement Line Items [Line Items]
Notional amount	$ 736,345		$ 889,069	810,630
EL %	0.22%		0.25%
Commercial real estate mortgages [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 1,600	1,942	$ 2,222	1,906	1,767	1,287
Commercial real estate mortgages [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 524,773		$ 717,755
EL %	0.23%		0.24%
Commercial real estate mortgages [member] | Stage 1 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 1,213	1,643	$ 1,699	1,655	1,647	1,150
Commercial real estate mortgages [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 211,572		$ 155,993
EL %	0.18%		0.34%
Commercial real estate mortgages [member] | Stage 2 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 387	299	$ 523	251	120	137
Commercial real estate mortgages [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0		$ 15,321
EL %	0%		0%
Commercial real estate mortgages [member] | Financial instruments credit-impaired [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 0	0	$ 0	0	0	0
Commercial real estate loans [member]
Statement Line Items [Line Items]
Notional amount	$ 8,523		$ 8,793	9,298
EL %	0.69%		0.48%
Commercial real estate loans [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 59	58	$ 42	50	59	54
Commercial real estate loans [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 7,083		$ 8,793
EL %	0.68%		0.48%
Commercial real estate loans [member] | Stage 1 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 48	58	$ 42	50	59	54
Commercial real estate loans [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 1,440		$ 0
EL %	0.76%		0%
Commercial real estate loans [member] | Stage 2 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 11	0	$ 0	0	0	0
Commercial real estate loans [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0		$ 0
EL %	0%		0%
Commercial real estate loans [member] | Financial instruments credit-impaired [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 0	0	$ 0	0	0	0
Public sector and other financing [member]
Statement Line Items [Line Items]
Notional amount	$ 56,923		$ 55,054	49,627
EL %	0.31%		0.27%
Public sector and other financing [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 177	195	$ 149	95	73	18
Public sector and other financing [member] | Stage 1 [member]
Statement Line Items [Line Items]
Notional amount	$ 56,281		$ 49,293
EL %	0.31%		0.21%
Public sector and other financing [member] | Stage 1 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 176	185	$ 104	74	70	17
Public sector and other financing [member] | Stage 2 [member]
Statement Line Items [Line Items]
Notional amount	$ 642		$ 5,761
EL %	0.16%		0.78%
Public sector and other financing [member] | Stage 2 [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 1	10	$ 45	21	3	1
Public sector and other financing [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Notional amount	$ 0		$ 0
EL %	0%		0%
Public sector and other financing [member] | Financial instruments credit-impaired [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
ECL allowance	$ 0	$ 0	$ 0	$ 0	$ 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	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023
Upside, 100% [member]
Statement Line Items [Line Items]
Variance from reported ECL (%)	(34.00%)
Baseline, 100% [member]
Statement Line Items [Line Items]
Variance from reported ECL (%)	(22.00%)
Downside, 100% [member]
Statement Line Items [Line Items]
Variance from reported ECL (%)	7%
Provision for credit commitments [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	$ 2,401	$ 2,513	$ 2,697
Provision for credit commitments [member] | Upside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	1,574
Variance from reported ECL	(827)
Provision for credit commitments [member] | Baseline, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	1,867
Variance from reported ECL	(534)
Provision for credit commitments [member] | Downside, 100% [member]
Statement Line Items [Line Items]
Allowance for expected credit losses	2,570
Variance from reported ECL	$ 169

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		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Statement Line Items [Line Items]
Provision for (recovery of) credit losses			$ (112)	$ 793
Loans [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Balance			2,513
Balance	$ 2,401	$ 2,697	2,401	2,697
Loans [member] | Provision for credit commitments [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance			1,945
Balance	2,002	2,425	2,002	2,425
Loans [member] | Provision for credit commitments [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance			568
Balance	399	272	399	272
Loans [member] | Provision for credit commitments [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance			0
Balance	0	0	0	0
Loans [member] | Point of sale loans and leases [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Balance	207	627	100	545
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	358	19	465	101
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	358	19	465	101
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	565	646	565	646
Loans [member] | Point of sale loans and leases [member] | Provision for credit commitments [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance	207	627	100	545
Transfer in (out) to Stage 1	0	52	0	122
Transfer in (out) to Stage 2	0	(85)	0	(257)
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	358	52	465	236
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	358	19	465	101
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	565	646	565	646
Loans [member] | Point of sale loans and leases [member] | Provision for credit commitments [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance	0	0	0	0
Transfer in (out) to Stage 1	0	(52)	0	(122)
Transfer in (out) to Stage 2	0	85	0	257
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	0	(33)	0	(135)
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	0	0	0	0
Loans [member] | Point of sale loans and leases [member] | Provision for credit commitments [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance	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	0	0	0	0
Loans [member] | Commercial real estate mortgages [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Balance	1,942	1,767	2,222	1,287
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	(230)	182	(447)	553
Loan originations	7	56	84	205
Derecognitions and maturities	(119)	(99)	(259)	(139)
Provision for (recovery of) credit losses	(342)	139	(622)	619
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	1,600	1,906	1,600	1,906
Loans [member] | Commercial real estate mortgages [member] | Provision for credit commitments [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance	1,643	1,647	1,699	1,150
Transfer in (out) to Stage 1	65	14	297	93
Transfer in (out) to Stage 2	(230)	(106)	(392)	(224)
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	(172)	138	(278)	560
Loan originations	7	56	84	205
Derecognitions and maturities	(100)	(94)	(197)	(129)
Provision for (recovery of) credit losses	(430)	8	(486)	505
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	1,213	1,655	1,213	1,655
Loans [member] | Commercial real estate mortgages [member] | Provision for credit commitments [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance	299	120	523	137
Transfer in (out) to Stage 1	(65)	(14)	(297)	(93)
Transfer in (out) to Stage 2	230	106	392	224
Transfer in (out) to Stage 3	0	0	0	(13)
Net remeasurement of loss allowance	(58)	44	(169)	6
Loan originations	0	0	0	0
Derecognitions and maturities	(19)	(5)	(62)	(10)
Provision for (recovery of) credit losses	88	131	(136)	114
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	387	251	387	251
Loans [member] | Commercial real estate mortgages [member] | Provision for credit commitments [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance	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	13
Net remeasurement of loss allowance	0	0	0	(13)
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	0	0	0	0
Loans [member] | Commercial real estate loans [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Balance	58	59	42	54
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
Net remeasurement of loss allowance	1	(5)	6	0
Loan originations	0	0	11	0
Derecognitions and maturities	0	(4)	0	(4)
Provision for (recovery of) credit losses	1	(9)	17	(4)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	59	50	59	50
Loans [member] | Commercial real estate loans [member] | Provision for credit commitments [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance	58	59	42	54
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	(11)	0	(11)	0
Transfer in (out) to Stage 3		0	0	0
Net remeasurement of loss allowance	1	(5)	6	0
Loan originations	0	0	11	0
Derecognitions and maturities	0	(4)	0	(4)
Provision for (recovery of) credit losses	(10)	(9)	6	(4)
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	48	50	48	50
Loans [member] | Commercial real estate loans [member] | Provision for credit commitments [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance	0	0	0	0
Transfer in (out) to Stage 1	0	0	0	0
Transfer in (out) to Stage 2	11	0	11	0
Transfer in (out) to Stage 3		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	11	0	11	0
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	11	0	11	0
Loans [member] | Commercial real estate loans [member] | Provision for credit commitments [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance	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
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	0	0	0	0
Loans [member] | Public sector and other financing [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Balance	195	73	149	18
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	(18)	6	15	18
Loan originations	0	16	13	59
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	(18)	22	28	77
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	177	95	177	95
Loans [member] | Public sector and other financing [member] | Provision for credit commitments [member] | Stage 1 [member]
Statement Line Items [Line Items]
Balance	185	70	104	17
Transfer in (out) to Stage 1	9	0	27	0
Transfer in (out) to Stage 2	0	(8)	0	(8)
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	(18)	(4)	32	6
Loan originations	0	16	13	59
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	(9)	4	72	57
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	176	74	176	74
Loans [member] | Public sector and other financing [member] | Provision for credit commitments [member] | Stage 2 [member]
Statement Line Items [Line Items]
Balance	10	3	45	1
Transfer in (out) to Stage 1	(9)	0	(27)	0
Transfer in (out) to Stage 2	0	8	0	8
Transfer in (out) to Stage 3	0	0	0	0
Net remeasurement of loss allowance	0	10	(17)	12
Loan originations	0	0	0	0
Derecognitions and maturities	0	0	0	0
Provision for (recovery of) credit losses	(9)	18	(44)	20
Write-offs	0	0	0	0
Recoveries	0	0	0	0
Balance	1	21	1	21
Loans [member] | Public sector and other financing [member] | Provision for credit commitments [member] | Financial instruments credit-impaired [member]
Statement Line Items [Line Items]
Balance	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	$ 0	$ 0	$ 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		Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023
Statement Line Items [Line Items]
Accounts receivable		$ 5,710	$ 3,858	$ 3,177
Prepaid expenses and other		21,517	22,130	21,682
Property and equipment		24,239	6,536	6,687
Right-of-use assets		2,909	3,427	3,602
Deferred income tax asset		2,251	4,058	2,641
Interest rate swap (note 12)		150	1,517	1,118
Investment (note 6a)	[1]	953	953	953
Goodwill		5,754	5,754	5,754
Intangible assets		2,495	2,791	2,889
Other assets		$ 65,978	$ 51,024	$ 48,503
[1]In February 2021, the Bank acquired an 11% investment in Canada Stablecorp Inc. (“Stablecorp”) for cash consideration of $953,000. The Bank has made an irrevocable election to designate this investment at fair value through other comprehensive income at initial recognition and any future changes in the fair value of the investment will be recognized in other comprehensive income (loss). Amounts recorded in other comprehensive income (loss) will not be reclassified to profit and loss at a later date.

Note 7 - Subordinated Notes P_3

Note 7 - Subordinated Notes Payable (Details Textual) - CAD ($) $ in Thousands		9 Months Ended
	Apr. 30, 2024	Jul. 31, 2024	Jul. 31, 2023
Statement Line Items [Line Items]
Repayments of bonds, notes and debentures		$ 5,000	$ 0
Subordinated notes payable [member]
Statement Line Items [Line Items]
Repayments of bonds, notes and debentures	$ 5,000

Note 7 - Subordinated Notes P_4

Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) - CAD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023
Subordinated notes payable, maturing May 2031 [member]
Statement Line Items [Line Items]
Subordinated notes payable	$ 101,641	$ 101,931	$ 96,669
Subordinated notes payable, maturing March 2029 [member]
Statement Line Items [Line Items]
Subordinated notes payable	0	4,919	4,916
Subordinated notes payable [member]
Statement Line Items [Line Items]
Subordinated notes payable	$ 101,641	$ 106,850	$ 101,585

Note 7 - Subordinated Notes P_5

Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) (Parentheticals) $ in Millions, $ in Millions	9 Months Ended		12 Months Ended
	Jul. 31, 2024 CAD ($)	Jul. 31, 2023 CAD ($)	Oct. 31, 2023 CAD ($)	Jul. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Jul. 31, 2023 USD ($)
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%	5.38%	5.38%
Maturity date	May 31, 2031	May 31, 2031	May 31, 2031
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

Note 8 - Other Liabilities - Sc

Note 8 - Other Liabilities - Schedule of Other Liabilities (Details) - CAD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023
Statement Line Items [Line Items]
Accounts payable and other	$ 9,252	$ 9,681	$ 7,265
Current income tax liability	3,109	7,466	4,527
Deferred income tax liability	332	731	659
Lease obligations	3,230	3,771	3,944
Cash collateral and amounts held in escrow	6,421	8,818	9,657
Cash reserves on loan and lease receivables	162,281	153,769	160,148
Other liabilities	$ 184,625	$ 184,236	$ 186,200

Note 9 - Share Capital (Details

Note 9 - Share Capital (Details Textual) - CAD ($)		3 Months Ended		9 Months Ended
	Sep. 21, 2022	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Statement Line Items [Line Items]
Shares purchased and cancelled during period (in shares)	1,700,000	79,562			1,321,358
Maximum number of shares authorized to repurchase and cancel, percentage of public float	9.54%
Reduction of issued capital			$ 734,000		$ 13,300,000
Total expense from share-based payment transactions		$ 72,000	192,000	$ 276,000	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)		25,964,424		25,964,424		25,964,424
Ordinary shares [member] | Issued capital [member]
Statement Line Items [Line Items]
Reduction of issued capital		$ 0	$ 689,000	$ 0	$ 11,438,000
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		9 Months Ended
	Jul. 31, 2024 $ / shares	Jul. 31, 2023 $ / shares	Jul. 31, 2024 $ / shares	Jul. 31, 2023 $ / shares
Statement Line Items [Line Items]
Outstanding, beginning of period	861,793	952,776	874,393	965,766
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.9	$ 15.53	$ 15.9	$ 15.53
Granted	0	0	0	1,500
Granted, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 0	$ 15.9
Exercised	0	0	0	0
Exercised, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 0	$ 0
Forfeited/cancelled	(2,325)	(26,000)	(14,925)	(40,490)
Forfeired/cancelled, weighted average exercise price (in CAD per share)	$ 15.9	$ 15.9	$ 15.9	$ 15.9
Expired	0	0	0	0
Expired, weighted average exercise price (in CAD per share)	$ 0	$ 0	$ 0	$ 0
Outstanding, end of period	859,468	926,776	859,468	926,776
Outstanding, beginning of period, weighted average exercise price (in CAD per share)	$ 15.9	$ 15.52	$ 15.9	$ 15.52

Note 10 - Income Tax Provision

Note 10 - Income Tax Provision (Details Textual) - CAD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Statement Line Items [Line Items]
Tax expense (income)	$ 3,758	$ 3,806	$ 12,485	$ 11,046
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		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Statement Line Items [Line Items]
Net income (loss)	$ 9,705	$ 10,003	$ 34,232	$ 29,683
Less: dividends on preferred shares	(247)	(247)	(741)	(741)
Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share	$ 9,458	$ 9,756	$ 33,491	$ 28,942
Weighted average number of common shares outstanding (in shares)	25,964,424	25,957,755	25,964,424	26,386,915
Basic and diluted income per common share (note 11) (in CAD per share)	$ 0.36	$ 0.38	$ 1.29	$ 1.1

Note 12 - Derivative Instrume_2

Note 12 - Derivative Instruments (Details Textual) - Interest rate swap contract [member] - CAD ($) $ in Millions	Jul. 31, 2024	Oct. 31, 2023
Statement Line Items [Line Items]
Notional amount	$ 22.4	$ 20.8
Hedging instrument, assets	22.4	20.8
Hedged item, assets	22.7
Other assets [member]
Statement Line Items [Line Items]
Financial assets	$ 150,000	$ 1.5

Note 13 - Commitments and Con_3

Note 13 - Commitments and Contingencies - Credit Related Commitments (Details) - CAD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023
Statement Line Items [Line Items]
Credit commitments	$ 433,661	$ 481,389	$ 424,526
Loan commitments [member]
Statement Line Items [Line Items]
Credit commitments	367,494	405,426	341,679
Letters of credit [member]
Statement Line Items [Line Items]
Credit commitments	$ 66,167	$ 75,963	$ 82,847

Note 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - CAD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023	Mar. 31, 2019
Statement Line Items [Line Items]
Revenue from rendering of services, related party transactions	$ 41,000	$ 26,000	$ 121,000	$ 75,000
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		$ 1,500,000
Key management personnel of entity or parent [member] | Subordinated notes payable [member]
Statement Line Items [Line Items]
Notional amount						$ 500,000
Key management personnel of entity or parent [member] | Provision for credit commitments [member]
Statement Line Items [Line Items]
Other provisions	0		0		0
Corporation controlled by key management personnel [member]
Statement Line Items [Line Items]
Amounts receivable, related party transactions	$ 4,800,000		$ 4,800,000		$ 3,900,000

Note 15 - Capital Management (D

Note 15 - Capital Management (Details Textual)	Jul. 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	Jul. 31, 2024	Oct. 31, 2023	Jul. 31, 2023
Statement Line Items [Line Items]
Directly issued capital instruments	$ 228,471	$ 228,471	$ 228,191
Contributed surplus	2,789	2,513	2,339
Retained earnings	177,584	146,043	134,461
Accumulated other comprehensive income	141	131	52
Regulatory capital		476,005
Total risk-weighted assets		$ 3,095,092
Capital ratio		15.38%
Total assets	4,516,436	$ 4,201,610	$ 3,980,845
Transitional [member]
Statement Line Items [Line Items]
Regulatory capital	504,112
Total risk-weighted assets	$ 3,273,524
Capital ratio	15.40%
Basel III [member]
Statement Line Items [Line Items]
Regulatory capital	$ (10,842)	(12,699)
Total assets	4,516,436	4,201,610
Total on-balance sheet exposures	4,505,594	4,188,911
Total off-balance sheet exposure at gross notional amount	433,661	481,389
Adjustments for conversion to credit equivalent amount	275,050	281,705
Total off-balance sheet exposures	158,611	199,684
Total exposures	$ 4,664,205	$ 4,388,595
Leverage ratio	8.54%	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
Capital ratio		11.33%
Common equity tier 1 [member] | Transitional [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 214,824
Contributed surplus	2,789
Retained earnings	177,584
Accumulated other comprehensive income	141
Regulatory capital before adjustments	395,338
Adjustments to capital	(10,842)
Regulatory capital	$ 384,496
Capital ratio	11.75%
Capital Tier 1 [member]
Statement Line Items [Line Items]
Directly issued capital instruments		$ 13,647
Regulatory capital	$ 398,143	$ 364,459
Capital ratio		11.78%
Capital Tier 1 [member] | Transitional [member]
Statement Line Items [Line Items]
Directly issued capital instruments	13,647
Regulatory capital	$ 398,143
Capital ratio	12.16%
Tier 2 capital [member]
Statement Line Items [Line Items]
Directly issued capital instruments	$ 103,568	$ 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	103,568
Adjustments to capital	2,401
Regulatory capital	$ 105,969

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	Jul. 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	$ 5,444	$ 4,046
Duration difference between assets and liabilities (months) (Month) | mo	(2.8)	(2)
Decrease 100 bps [member]
Statement Line Items [Line Items]
Impact on projected net interest income during a 12 month period	$ (5,457)	$ (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	Jul. 31, 2024	Oct. 31, 2023
Other financial liabilities [member]
Statement Line Items [Line Items]
Liabilities, book value	$ 181,184	$ 176,039
Liabilities, fair value	181,184	176,039
Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, book value	3,821,185	3,533,366
Liabilities, fair value	3,791,490	3,436,491
Subordinated notes [member]
Statement Line Items [Line Items]
Liabilities, book value	101,641	106,850
Liabilities, fair value	98,390	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	98,390	109,033
Level 3 of fair value hierarchy [member] | Other financial liabilities [member]
Statement Line Items [Line Items]
Liabilities, fair value	181,184	176,039
Level 3 of fair value hierarchy [member] | Deposits from banks [member]
Statement Line Items [Line Items]
Liabilities, fair value	3,791,490	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	247,983	132,242
Assets, fair value	247,983	132,242
Cash and cash equivalents [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	247,983	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	153,026	167,940
Assets, fair value	153,026	167,940
Securities [member] | Level 1 of fair value hierarchy [member]
Statement Line Items [Line Items]
Assets, fair value	153,026	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	4,049,449	3,850,404
Assets, fair value	4,007,130	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	4,007,130	3,837,599
Derivatives [member]
Statement Line Items [Line Items]
Assets, book value	150	1,517
Assets, fair value	150	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	150	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)	9 Months Ended
	Jul. 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		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Statement Line Items [Line Items]
Net interest income	$ 24,944	$ 24,929	$ 77,754	$ 73,812
Non-interest income	2,052	1,930	6,594	5,650
Total revenue	26,996	26,859	84,348	79,462
Provision for (recovery of) credit losses	(1)	171	(112)	793
Revenue less provision for credit loss	26,997	26,688	84,460	78,669
Non-interest expenses:
Salaries and benefits	7,507	7,453	21,454	24,139
General and administrative	4,833	4,446	12,723	10,888
Premises and equipment	1,194	980	3,566	2,913
Noninterest expense	13,534	12,879	37,743	37,940
Income (loss) before income taxes	13,463	13,809	46,717	40,729
Income tax provision	3,758	3,806	12,485	11,046
Net income (loss)	9,705	10,003	34,232	29,683
Total assets	4,516,436	3,980,845	4,516,436	3,980,845	$ 4,201,610
Total liabilities	4,107,451	3,615,802	4,107,451	3,615,802	$ 3,824,452
Net interest income	24,944	24,929	77,754	73,812
Non-interest income	2,052	1,930	6,594	5,650
Total revenue	26,996	26,859	84,348	79,462
Provision for (recovery of) credit losses	(1)	171	(112)	793
Revenue less provision for credit loss	26,997	26,688	84,460	78,669
Elimination of intersegment amounts [member]
Statement Line Items [Line Items]
Net interest income	0	0	0	0
Non-interest income	(342)	(191)	(1,018)	(574)
Total revenue	(342)	(191)	(1,018)	(574)
Provision for (recovery of) credit losses	0	0	0	0
Revenue less provision for credit loss	(342)	(191)	(1,018)	(574)
Non-interest expenses:
Salaries and benefits	0	0	0	0
General and administrative	(342)	(191)	(1,018)	(574)
Premises and equipment	0	0	0	0
Noninterest expense	(342)	(191)	(1,018)	(574)
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	(18,007)	(16,421)	(18,007)	(16,421)
Total liabilities	(24,259)	(23,153)	(24,259)	(23,153)
Net interest income	0	0	0	0
Non-interest income	(342)	(191)	(1,018)	(574)
Total revenue	(342)	(191)	(1,018)	(574)
Provision for (recovery of) credit losses	0	0	0	0
Revenue less provision for credit loss	(342)	(191)	(1,018)	(574)
Banking segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	24,944	24,929	77,754	73,812
Non-interest income	175	101	557	225
Total revenue	25,119	25,030	78,311	74,037
Provision for (recovery of) credit losses	(1)	171	(112)	793
Revenue less provision for credit loss	25,120	24,859	78,423	73,244
Non-interest expenses:
Salaries and benefits	5,945	5,891	17,040	19,505
General and administrative	4,729	4,257	12,450	10,250
Premises and equipment	824	610	2,437	1,845
Noninterest expense	11,498	10,758	31,927	31,600
Income (loss) before income taxes	13,622	14,101	46,496	41,644
Income tax provision	3,811	3,999	12,431	11,779
Net income (loss)	9,811	10,102	34,065	29,865
Total assets	4,507,158	3,971,781	4,507,158	3,971,781
Total liabilities	4,102,239	3,609,832	4,102,239	3,609,832
Net interest income	24,944	24,929	77,754	73,812
Non-interest income	175	101	557	225
Total revenue	25,119	25,030	78,311	74,037
Provision for (recovery of) credit losses	(1)	171	(112)	793
Revenue less provision for credit loss	25,120	24,859	78,423	73,244
Cybersecurity segment [member] | Operating segments [member]
Statement Line Items [Line Items]
Net interest income	0	0	0	0
Non-interest income	2,219	2,020	7,055	5,999
Total revenue	2,219	2,020	7,055	5,999
Provision for (recovery of) credit losses	0	0	0	0
Revenue less provision for credit loss	2,219	2,020	7,055	5,999
Non-interest expenses:
Salaries and benefits	1,562	1,562	4,414	4,634
General and administrative	446	380	1,291	1,212
Premises and equipment	370	370	1,129	1,068
Noninterest expense	2,378	2,312	6,834	6,914
Income (loss) before income taxes	(159)	(292)	221	(915)
Income tax provision	(53)	(193)	54	(733)
Net income (loss)	(106)	(99)	167	(182)
Total assets	27,285	25,485	27,285	25,485
Total liabilities	29,471	29,123	29,471	29,123
Net interest income	0	0	0	0
Non-interest income	2,219	2,020	7,055	5,999
Total revenue	2,219	2,020	7,055	5,999
Provision for (recovery of) credit losses	0	0	0	0
Revenue less provision for credit loss	$ 2,219	$ 2,020	$ 7,055	$ 5,999

Note 20 - Subsequent Event (Det

Note 20 - Subsequent Event (Details Textual) - Major business combination [member] - Stearns Bank Holdingford, N.A. [member] $ in Millions, $ in Millions	Aug. 30, 2024 CAD ($)	Aug. 30, 2024 USD ($)
Statement Line Items [Line Items]
Percentage of voting equity interests acquired	100%	100%
Cash transferred	$ 19.3	$ 14
Financial assets recognised as of acquisition date	61.1
Financial liabilities recognised as of acquisition date	$ 54.1
Bottom of range [member]
Statement Line Items [Line Items]
Regulatory capital, total capital, ratio	10%	10%