XML 46 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments in Non-Performing Loan Portfolios and Foreclosed Real Estate (Tables)
 9 Months Ended
Jul. 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 loans acquired in fiscal 2012, the accretable yield and the non-accretable difference on our investment in the non-performing loans as of its acquisition date (amounts in thousands).
Contractually required payments, including interest
$
58,234

Non-accretable difference
(8,235
)
Cash flows expected to be collected
49,999

Accretable difference
(20,514
)
Non-performing loans carrying amount
$
29,485
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):
 
July 31, 2012
 
October 31, 2011
Unpaid principal balance
$
143,981

 
$
171,559

Discount on acquired loans
(83,732
)
 
(108,325
)
Carrying value
$
60,249

 
$
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 nine-month and three-month periods ended July 31, 2012 and 2011 was as follows (amounts in thousands):
 
Nine months ended July 31,
 
Three Months Ended July 31,
 
2012
 
2011
 
2012
 
2011
Balance, beginning of period
$
42,326

 


 
$
49,256

 
$
32,712

Additions
20,514

 
$
33,212

 


 


Accretion
(9,214
)
 
(2,229
)
 
(2,655
)
 
(1,729
)
Reductions from foreclosures and other dispositions
(24,090
)
 
(451
)
 
(14,141
)
 
(451
)
Transfer from non-accretable yield to accretable yield
4,123

 


 
1,297

 


Other
98

 


 


 


Balance, end of period
$
33,757

 
$
30,532

 
$
33,757

 
$
30,532
Schedule of Changes in Real Estate Owned [Table Text Block]
The following table presents the activity in REO for the nine-month and three-month periods ended July 31, 2012 and 2011(amounts in thousands):
 
Nine months ended July 31,
 
Three months ended July 31,
 
2012
 
2011
 
2012
 
2011
Balance, beginning of period
$
5,939

 

 
$
18,108

 

Additions
33,663

 
$
734

 
20,861

 
$
734

Sales
(1,346
)
 

 
(731
)
 

Impairments
(126
)
 

 
(126
)
 

Depreciation
(138
)
 

 
(120
)
 

Balance, end of period
$
37,992

 
$
734

 
$
37,992

 
$
734