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Note 20 - Interest Rate Risk and Liquidity Risk
 12 Months Ended
Oct. 31, 2023
Statement Line Items [Line Items]  
Disclosure of how entity manages liquidity risk [text block]

20.

Interest rate risk and liquidity risk:

 

The Bank is exposed to interest rate risk as a consequence of any mismatch, or gap, between assets and liabilities scheduled to mature or reset on particular dates. The gaps, which existed at October 31, 2023 are set out below:

 

(thousands of Canadian dollars)

                                
  

Floating

  

Within

  

3 months to

  

1 year to

  

2 years to

  

Over

  

Non-interest

     
  

rate

  

3 months

  

1 year

  

2 years

  

5 years

  

5 years

  

rate sensitive

  

Total

 
                                 

Assets

                                

Cash

 $132,242     $-  $-  $-  $-  $-  $132,242 

Effective rate

  4.90%                            
                                 

Securities

  -   164,930   -   3,010   -   -   -   167,940 

Effective rate

      4.72%     4.76%                
                                 

Loans

  811,219   101,786   355,277   224,579   1,682,029   657,346   18,168   3,850,404 

Effective rate

  9.61%  6.42%  6.76%  5.59%  5.93%  6.25%        
                                 

Other

  -   -   -   -   -   -   51,024   51,024 

Effective rate

                                
                                 

Total Assets

 $943,461  $266,716  $355,277  $227,589  $1,682,029  $657,346  $69,192  $4,201,610 
                                 

Liabilities

                                

Deposits

 $555,353  $403,000  $1,461,075  $433,205  $618,569  $-  $62,164  $3,533,366 

Effective rate

  3.94%  3.93%  4.66%  3.71%  4.17%           
                                 

Subordinated notes

  -   -   -   -   -   106,850   -   106,850 

Effective rate

                      5.61%        
                                 

Other

  162,587   -   -   -   -   -   21,649   184,236 

Effective rate

  4.05%                            
                                 

Equity

  -   -   -   13,647   -   -   363,511   377,158 

Effective rate

              6.77%               
                                 

Total liabilities and equity

 $717,940  $403,000  $1,461,075  $446,852  $618,569  $106,850  $447,324  $4,201,610 
                                 

Interest rate swap

 $20,785  $-  $-  $-  $-  $(20,785) $-  $- 
                                 

October 31, 2023 gap

 $246,306  $(136,284) $(1,105,798) $(219,263) $1,063,460  $529,711  $(378,132) $- 

Cumulative

 $246,306  $110,022  $(995,776) $(1,215,039) $(151,579) $378,132  $-  $- 
                                 

October 31, 2022 gap

 $116,936  $(47,087) $(383,153) $(291,346) $623,906  $307,416  $(326,672) $- 

Cumulative

 $116,936  $69,849  $(313,304) $(604,650) $19,256  $326,672  $-  $-