Investments in Distressed Loans and Foreclosed Real Estate (Tables)

6 Months Ended

Apr. 30, 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):

	April 30, 2014			October 31, 2013
Unpaid principal balance	$	35,528		$	63,381
Discount on acquired loans	(16,729		)	(27,007		)
Carrying value	$	18,799		$	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 six-month and three-month periods ended April 30, 2014 and 2013 was as follows (amounts in thousands):

	Six months ended April 30,						Three months ended April 30,
	2014			2013			2014			2013
Balance, beginning of period	$	6,606		$	17,196		$	3,090		$	13,406
Loans acquired
Additions	554			471			385			471
Deletions	(3,372		)	(3,915		)	(189		)	(1,528		)
Accretions	(956		)	(2,523		)	(454		)	(1,120		)
Balance, end of period	$	2,832		$	11,229		$	2,832		$	11,229

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

	Six months ended April 30,						Three months ended April 30,
	2014			2013			2014			2013
Balance, beginning of period	$	72,972		$	58,353		$	79,267		$	68,764
Additions	8,036			14,317			871			3,277
Sales	(4,192		)	(911		)	(3,384		)	(472		)
Impairments	(2		)	(15		)	(2		)
Depreciation	(162		)	(286		)	(100		)	(111		)
Balance, end of period	$	76,652		$	71,458		$	76,652		$	71,458