Investments in Distressed Loans and Foreclosed Real Estate (Tables)
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Jul. 31, 2013
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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):
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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 nine months ended July 31, 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).
There were no distressed loans purchased during the nine months ended July 31, 2013 that met the requirements of ASC 310-30. |
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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 nine-month and three-month periods ended July 31, 2013 and 2012 was as follows (amounts in thousands):
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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, 2013 and 2012 (amounts in thousands):
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