XML 22 R3.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Income and Comprehensive Income (Unaudited) - CAD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Interest income:        
Loans $ 66,096 $ 50,704 $ 131,172 $ 97,559
Other 5,147 2,891 9,363 5,597
Interest income 71,243 53,595 140,535 103,156
Interest expense:        
Deposits and other 43,469 27,534 84,740 51,375
Subordinated notes 1,532 1,452 2,985 2,898
Interest expense 45,001 28,986 87,725 54,273
Net interest income 26,242 24,609 52,810 48,883
Non-interest income 2,259 2,076 4,542 3,720
Total revenue 28,501 26,685 57,352 52,603
Provision for (recovery of) credit losses (note 5) 16 237 (111) 622
Revenue less provision for credit loss 28,485 26,448 57,463 51,981
Non-interest expenses:        
Salaries and benefits 7,409 8,429 13,947 16,686
General and administrative 3,557 3,316 7,890 6,442
Premises and equipment 1,219 981 2,372 1,933
Noninterest expense 12,185 12,726 24,209 25,061
Income before income taxes 16,300 13,722 33,254 26,920
Income tax provision (note 10) 4,472 3,459 8,727 7,240
Net income 11,828 10,263 24,527 19,680
Other comprehensive income (loss):        
Items that may subsequently be reclassified to net income: Foreign exchange gain (loss) on translation of foreign operations 66 22 8 (5)
Comprehensive income $ 11,894 $ 10,285 $ 24,535 $ 19,675
Basic and diluted income per common share (note 11) (in CAD per share) $ 0.45 $ 0.38 $ 0.93 $ 0.72