v3.22.2.2
Note 17 - Interest Rate Risk and Liquidity Risk
 12 Months Ended
Oct. 31, 2022
Statement Line Items [Line Items]  
Disclosure of how entity manages liquidity risk [text block]

17.

Interest rate risk and liquidity risk:

 

The Bank is exposed to interest rate risk as a consequence of the mismatch, or gap, between assets and liabilities scheduled to mature or reset on particular dates. The gaps, which existed at October 31, 2022 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

 $88,581  $-  $-  $-  $-  $-  $-  $88,581 

Effective rate

  2.60%                            
                                 

Securities

  -   121,871   19,693   -   -   -   -   141,564 

Effective rate

      3.06%  2.81%                    
                                 

Loans

  670,350   106,262   501,818   238,460   1,050,292   412,698   12,798   2,992,678 

Effective rate

  8.29%  4.57%  5.42%  4.93%  4.95%  5.58%        
                                 

Other

  -   -   -   -   -   -   43,175   43,175 

Effective rate

                                
                                 

Total Assets

 $758,931  $228,133  $521,511  $238,460  $1,050,292  $412,698  $55,973  $3,265,998 
                                 

Liabilities

                                

Deposits

 $507,879  $275,220  $904,664  $529,806  $412,739  $331  $26,901  $2,657,540 

Effective rate

  2.81%  2.01%  2.99%  2.90%  2.57%  5.07%        
                                 

Subordinated notes

  -   -   -   -   -   104,951   -   104,951 

Effective rate

                      5.62%        
                                 

Other

  134,116   -   -   -   -   -   18,716   152,832 

Effective rate

  3.17%                            
                                 

Equity

  -   -   -   -   13,647   -   337,028   350,675 

Effective rate

                  6.77%            
                                 

Total liabilities and equity

 $641,995  $275,220  $904,664  $529,806  $426,386  $105,282  $382,645  $3,265,998 
                                 

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  $-  $- 
                                 

October 31, 2021 gap

 $316,829  $(209,462) $(152,523) $(40,897) $327,480  $58,561  $(299,988) $- 

Cumulative

 $316,829  $107,367  $(45,156) $(86,053) $241,427  $299,988  $-  $-