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Investments in Non-Performing Loan Portfolios and Foreclosed Real Estate (Tables)
 6 Months Ended
Apr. 30, 2012
Investments in Non-Performing Loan Portfolios and Foreclosed Real Estate [Abstract]  
Summary of accretable yield and nonaccretable difference on investments in non-performing loans portfolios
The following table summarizes for the portfolio acquired in fiscal 2012, the accretable yield and the nonaccretable difference on our investment in the non-performing loan portfolio as of its acquisition date (amounts in thousands).
Contractually required payments, including interest
$
52,524

Nonaccretable difference
(5,125
)
Cash flows expected to be collected
47,399

Accretable difference
(20,514
)
Non-performing loans carrying amount
$
26,885
Investment in non-performing loan portfolios
The Company’s investment in non-performing loan portfolios consisted of the following as of the dates indicated (amounts in thousands):
 
April 30, 2012
 
October 31, 2011
Unpaid principal balance
$
186,031

 
$
171,559

Discount on acquired loans
(108,269
)
 
(108,325
)
Carrying value
$
77,762

 
$
63,234
Activity in accretable yield for investment in non-performing loan portfolios
The activity in the accretable yield for the Company’s investment in the non-performing loan portfolios for the six-month and three-month periods ended April 30, 2012 and 2011 was as follows (amounts in thousands):
 
Six months ended April 30,
 
Three months ended April 30,
 
2012
 
2011
 
2012
 
2011
Balance, beginning of period
$
42,326

 


 
$
57,844

 


Additions
20,514

 
$
33,212

 


 
$
33,212

Accretion
(6,559
)
 
(500
)
 
(3,331
)
 
(500
)
Reductions from foreclosures and other dispositions
(9,949
)
 


 
(8,300
)
 


Transfer from nonaccretable yield to accretable yield
2,826

 


 
3,010

 


Other
98

 


 
33

 


Balance, end of period
$
49,256

 
$
32,712

 
$
49,256

 
$
32,712
Schedule of Changes in Real Estate Owned [Table Text Block]
The following table presents the activity in REO for the six and three months ended April 30, 2012 (amounts in thousands):
 
Six months ended April 30, 2012
 
Three months ended April 30, 2012
Balance, beginning of period
$
5,939

 
$
6,488

Additions
12,802

 
11,638

Sales
(615
)
 

Depreciation
(18
)
 
(18
)
Balance, end of period
$
18,108

 
$
18,108