Note 7 - Property and Equipment

12 Months Ended

Oct. 31, 2023

Statement Line Items [Line Items]

Disclosure of property, plant and equipment [text block]

7. Property and equipment:

(thousands of Canadian dollars)
	2023			2022
Cost	$	17,827		$	17,465
Accumulated amortization		(11,291	)		(10,597	)
	$	6,536		$	6,868

None of the Bank’s property and equipment is subject to title restrictions, nor is any pledged as security for any of the Bank’s liabilities. Total amortization expense recorded for property and equipment for the year ended October 31, 2023, totalled $694,000 (2022 - $788,000). See note 10.