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Investments in Distressed Loans and Foreclosed Real Estate (Tables)
 6 Months Ended
Apr. 30, 2013
Investments in Non-Performing Loan Portfolios and Foreclosed Real Estate [Abstract]  
Investment in non-performing loan portfolios
The Company’s investment in distressed loans consisted of the following as of the dates indicated (amounts in thousands):
 
April 30, 2013
 
October 31, 2012
Unpaid principal balance
$
102,131

 
$
99,693

Discount on acquired loans
(53,424
)
 
(62,524
)
Carrying value
$
48,707

 
$
37,169
Summary of accretable yield and nonaccretable difference on investments in non-performing loans portfolios
The following table summarizes, for the distressed loans acquired in the six months ended April 30, 2012 that were accounted for in accordance with ASC 310-30, the accretable yield and the nonaccretable difference of the Company's investment in these loans as of their acquisition date (amounts in thousands).
 
Six-month period ended April 30, 2012
Contractually required payments, including interest
$
52,524

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

Accretable yield
(20,514
)
Non-performing loans carrying amount
$
26,885


There were no distressed loans purchased during the six months ended April 30, 2013 that met the requirements of ASC 310-30.
Activity in accretable yield for investment in non-performing loan portfolios
The accretable yield activity for the Company’s investment in distressed loans accounted for under ASC 310-30 for the six-month and three-month periods ended April 30, 2013 and 2012 was as follows (amounts in thousands):
 
Six months ended April 30,
 
Three months ended April 30,
 
2013
 
2012
 
2013
 
2012
Balance, beginning of period
$
17,196

 
$
42,326

 
$
13,406

 
$
57,844

Loans acquired


 
20,514

 


 


Additions
471

 
2,826

 
471

 
3,010

Deletions
(3,915
)
 
(9,851
)
 
(1,528
)
 
(8,267
)
Accretion
(2,523
)
 
(6,559
)
 
(1,120
)
 
(3,331
)
Balance, end of period
$
11,229

 
$
49,256

 
$
11,229

 
$
49,256
Schedule of Changes in Real Estate Owned [Table Text Block]
The following table presents the activity in REO for the six-month and three-month periods ended April 30, 2013 and 2012 (amounts in thousands):
 
Six months ended April 30,
 
Three months ended April 30,
 
2013
 
2012
 
2013
 
2012
Balance, beginning of period
$
58,353

 
$
5,939

 
$
68,764

 
$
6,488

Additions
14,317

 
12,802

 
3,277

 
11,638

Sales
(911
)
 
(615
)
 
(472
)
 

Impairments
(15
)
 

 

 

Depreciation
(286
)
 
(18
)
 
(111
)
 
(18
)
Balance, end of period
$
71,458

 
$
18,108

 
$
71,458

 
$
18,108