XML 90 R73.htm IDEA: XBRL DOCUMENT v3.21.2
Note 20 - Revision of Previously Issued Consolidated Financial Statements - Summary of Significant Revisions (Details) - USD ($)
12 Months Ended
Apr. 30, 2021
Dec. 31, 2020
Apr. 30, 2020
Dec. 31, 2019
Apr. 30, 2019
May 01, 2018
Apr. 30, 2018
Securities available-for-sale          
Equity securities $ 23,582,000 14,125,000 $ 14,125,000 10,622,000      
Available-for-sale Fixed Income securities 2,600,000 15,079,000 15,079,000 11,206,000      
Retained earnings 72,502,000 57,374,000 57,374,000 50,242,000      
Accumulated other comprehensive income, net of tax 3,000 131,000 131,000 34,000      
Total shareholders' equity 67,013,000 53,539,000 53,539,000 47,524,000 $ 47,524,000   $ 43,541,000
Investment gains/(losses) 5,420,000 (789,000) (789,000) 1,591,000 1,591,000    
Income before income taxes 30,276,000 20,651,000 20,651,000 16,313,000 16,313,000    
Income tax provision 6,996,000 5,708,000 5,708,000 4,304,000 4,304,000    
Net income $ 23,280,000 $ 14,943,000 $ 14,943,000 $ 12,009,000 $ 12,009,000    
Earnings per share, basic & fully diluted (in dollars per share) $ 2.43 $ 1.55 $ 1.55 $ 1.24 $ 1.24    
Change in unrealized gains on Fixed Income securities, net of taxes $ (128,000) $ 97,000 $ 97,000 $ 36,000 $ 36,000    
Other comprehensive income/(loss) (128,000) 97,000 97,000 36,000 36,000    
Comprehensive income 23,152,000 15,040,000 15,040,000 12,045,000 12,045,000    
Investment (gains)/losses 4,710,000 1,414,000 (1,414,000) (1,087,000) 1,087,000    
Deferred income taxes 543,000 154,000 154,000 740,000 740,000    
Total adjustments (6,870,000) (1,198,000) (1,198,000) (515,000) (515,000)    
Net cash provided by operating activities $ 16,410,000 13,745,000 $ 13,745,000 11,494,000 $ 11,494,000    
Cumulative Effect, Period of Adoption, Adjustment [Member]              
Total shareholders' equity          
Accounting Standards Update 2016-01 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]              
Total shareholders' equity           $ 0
Previously Reported [Member]              
Securities available-for-sale   29,204,000   21,828,000      
Equity securities          
Available-for-sale Fixed Income securities          
Retained earnings   56,450,000   48,598,000      
Accumulated other comprehensive income, net of tax   1,055,000   1,678,000      
Total shareholders' equity   53,539,000   47,524,000      
Investment gains/(losses)   44,000   504,000      
Income before income taxes   21,484,000   15,226,000      
Income tax provision   5,821,000   4,076,000      
Net income   $ 15,663,000   $ 11,150,000      
Earnings per share, basic & fully diluted (in dollars per share)   $ 1.62   $ 1.15      
Change in unrealized gains on Fixed Income securities, net of taxes   $ (623,000)   $ 895,000      
Other comprehensive income/(loss)   (623,000)   895,000      
Comprehensive income   15,040,000   12,045,000      
Investment (gains)/losses   581,000        
Deferred income taxes   267,000   512,000      
Total adjustments   (1,918,000)   344,000      
Net cash provided by operating activities   13,745,000   11,494,000      
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]              
Total shareholders' equity          
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Accounting Standards Update 2016-01 [Member]              
Securities available-for-sale   (29,204,000)   (21,828,000)      
Equity securities   14,125,000   10,622,000      
Available-for-sale Fixed Income securities   15,079,000   11,206,000      
Retained earnings   924,000   1,644,000      
Accumulated other comprehensive income, net of tax   (924,000)   (1,644,000)      
Total shareholders' equity          
Investment gains/(losses)   (833,000)   1,087,000      
Income before income taxes   (833,000)   1,087,000      
Income tax provision   (113,000)   228,000      
Net income   $ (720,000)   $ 859,000      
Earnings per share, basic & fully diluted (in dollars per share)   $ (0.07)   $ 0.09      
Change in unrealized gains on Fixed Income securities, net of taxes   $ 720,000   $ (859,000)      
Other comprehensive income/(loss)   720,000   (859,000)      
Comprehensive income          
Investment (gains)/losses   833,000   (1,087,000)      
Deferred income taxes   (113,000)   228,000      
Total adjustments   720,000   (859,000)      
Net cash provided by operating activities          
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Accounting Standards Update 2016-01 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]              
Total shareholders' equity