Investments in Distressed Loans and Foreclosed Real Estate (Tables)

12 Months Ended

Oct. 31, 2013

Investments in Distressed Loans 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 distressed loans acquired in fiscal 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).

	2012
Contractually required payments, including interest	$	58,234
Non-accretable difference	(8,235		)
Cash flows expected to be collected	49,999
Accretable yield	(20,514		)
Distressed loans carrying amount	$	29,485

Investment in non-performing loan portfolios

The Company’s investment in distressed loans consisted of the following at October 31, 2013 and 2012 (amounts in thousands):

	2013			2012
Unpaid principal balance	$	63,381		$	99,693
Discount on acquired loans	(27,007		)	(62,524		)
Carrying value	$	36,374		$	37,169

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 years ended October 31, 2013 and 2012 was as follows (amounts in thousands):

	2013			2012
Balance, beginning of period	$	17,196		$	42,326
Loans acquired				20,514
Additions	1,654			5,539
Deletions	(7,728		)	(40,227		)
Accretion	(4,516		)	(10,956		)
Balance, end of period	$	6,606		$	17,196

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

The following table presents the activity in REO at October 31, 2013, 2012 and 2011 (amounts in thousands):

	2013			2012			2011
Balance, beginning of period	$	58,353		$	5,939		$	—
Additions	23,470			54,174			5,939
Sales	(7,842		)	(1,353		)
Impairments	(505		)	(126		)
Depreciation	(504		)	(281		)
Balance, end of period	$	72,972		$	58,353		$	5,939