Investments in Non-Performing Loan Portfolios and Foreclosed Real Estate (Tables)

12 Months Ended

Oct. 31, 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 portfolios acquired in fiscal 2012 and 2011, the accretable yield and the non-accretable difference on the Company's investment in the non-performing loan portfolios as of their acquisition date (amounts in thousands).

	2012			2011
Contractually required payments, including interest	$	58,234		$	200,047
Non-accretable difference	(8,235		)	(81,723		)
Cash flows expected to be collected	49,999			118,324
Accretable difference	(20,514		)	(51,462		)
Non-performing loans carrying amount	$	29,485		$	66,862

Investment in non-performing loan portfolios

The Company’s investment in non-performing loan portfolios consisted of the following at October 31, 2012 and 2011 (amounts in thousands):

	2012			2011
Unpaid principal balance	$	99,693		$	171,559
Discount on acquired loans	(62,524		)	(108,325		)
Carrying value	$	37,169		$	63,234

Activity in accretable yield for investment in non-performing loan portfolios

The activity in the accretable yield for the Company’s investments in the non-performing loan portfolios for the years ended October 31, 2012 and 2011 was as follows (amounts in thousands):

	2012			2011
Balance, beginning of period	$	42,326		$	—
Loans acquired	20,514			51,462
Additions	5,539
Deletions	(40,227		)	(4,656		)
Accretion	(10,956		)	(4,480		)
Balance, end of period	$	17,196		$	42,326

Schedule of Changes in Real Estate Owned [Table Text Block]

The following table presents the activity in REO at October 31, 2012 and 2011 (amounts in thousands):

	2012			2011
Balance, beginning of period	$	5,939		$	—
Additions	54,174			5,939
Sales	(1,353		)
Impairments	(126		)
Depreciation	(281		)
Balance, end of period	$	58,353		$	5,939