v3.22.2.2
Consolidated Statements of Income and Comprehensive Income - CAD ($)
$ in Thousands
 12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Interest income:    
Loans $ 123,190 $ 88,055
Other 3,627 1,433
Interest income 126,817 89,488
Interest expense:    
Deposits and other 44,600 26,446
Subordinated notes 5,551 2,885
Interest expense 50,151 29,331
Net interest income 76,666 60,157
Non-interest income 5,726 5,200
Total revenue 82,392 65,357
Provision for (recovery of) credit losses (note 6(b)) 451 (438)
Revenue less provision for credit loss 81,941 65,795
Non-interest expenses:    
Salaries and benefits 26,796 20,243
General and administrative 18,732 11,110
Premises and equipment 3,865 3,653
Noninterest expense 49,393 35,006
Income before income taxes 32,548 30,789
Income tax provision (note 14) 9,890 8,409
Net income 22,658 22,380
Other comprehensive income (loss):    
Foreign exchange gain (loss) on translation of foreign operations 103 (4)
Comprehensive income $ 22,761 $ 22,376
Basic and diluted income per common share (note 15) (in CAD per share) $ 0.79 $ 0.96
Weighted average number of common shares outstanding (in shares) 27,425,479 21,752,930