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Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Interest income:    
Loans $ 24,514 $ 21,086
Other 206 429
Interest income 24,720 21,515
Interest expense:    
Deposits and other 6,469 7,014
Subordinated notes 1,366 127
Interest expense 7,835 7,141
Net interest income 16,885 14,374
Non-interest income 1,381 1,048
Total revenue 18,266 15,422
Provision for credit losses (note 4) 2 57
Revenue less provision for credit loss 18,264 15,365
Non-interest expenses:    
Salaries and benefits 6,083 5,030
General and administrative 3,624 2,339
Premises and equipment 929 718
Noninterest expense 10,636 8,087
Income before income taxes 7,628 7,278
Income tax provision (note 9) 2,062 1,988
Net income 5,566 5,290
Other comprehensive income:    
Foreign exchange gain on translation of foreign operations 17 0
Comprehensive income $ 5,583 $ 5,290
Basic and diluted income per common share (note 10) (in CAD per share) $ 0.19 $ 0.22
Weighted average number of common shares outstanding (in shares) 27,441,082 21,123,559