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Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Interest income:    
Loans $ 46,855 $ 24,514
Other 2,706 206
Interest income 49,561 24,720
Interest expense:    
Deposits and other 23,841 6,469
Subordinated notes 1,446 1,366
Interest expense 25,287 7,835
Net interest income 24,274 16,885
Non-interest income 1,644 1,381
Total revenue 25,918 18,266
Provision for credit losses (note 5) 385 2
Revenue less provision for credit loss 25,533 18,264
Non-interest expenses:    
Salaries and benefits 8,257 6,083
General and administrative 3,126 3,624
Premises and equipment 952 929
Noninterest expense 12,335 10,636
Income before income taxes 13,198 7,628
Income tax provision (note 10) 3,781 2,062
Net income 9,417 5,566
Other comprehensive income (loss):    
Item that may subsequently be reclassified to net income: Foreign exchange gain (loss) on translation of foreign operations (27) 17
Comprehensive income $ 9,390 $ 5,583
Basic and diluted income per common share (note 11) (in CAD per share) $ 0.34 $ 0.19
Weighted average number of common shares outstanding (in shares) 27,025,317 27,441,082