Investments in Distressed Loans and Foreclosed Real Estate (Tables)

3 Months Ended

Jan. 31, 2014

Investments in Non-Performing Loan Portfolios and Foreclosed Real Estate [Abstract]

Investment in non-performing loan portfolios

The Company’s investments in distressed loans consisted of the following as of the dates indicated (amounts in thousands):

	January 31, 2014			October 31, 2013
Unpaid principal balance	$	36,465		$	63,381
Discount on acquired loans	(17,212		)	(27,007		)
Carrying value	$	19,253		$	36,374

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

The accretable yield activity for the Company’s investments in distressed loans accounted for under ASC 310-30 for the three-month periods ended January 31, 2014 and 2013 was as follows (amounts in thousands):

	Three months ended January 31,
	2014			2013
Balance, beginning of period	$	6,606		$	17,196
Additions	169
Deletions	(3,183		)	(2,387		)
Accretion	(502		)	(1,403		)
Balance, end of period	$	3,090		$	13,406

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

	Three months ended January 31,
	2014			2013
Balance, beginning of period	$	72,972		$	58,353
Additions	7,165			11,040
Sales	(808		)	(439		)
Impairments				(15		)
Depreciation	(62		)	(175		)
Balance, end of period	$	79,267		$	68,764