Note 8 - Federal, State and Local Income Taxes (Tables)

3 Months Ended

Jul. 31, 2025

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Three Months Ended July 31,
($ in thousands)		2025				2024
Current tax expense:
Federal		$	1,389			$	1,283
State and local			392				312
Current tax expense			1,781				1,595
Deferred tax expense (benefit):
Federal			385				304
State and local			10				11
Deferred tax expense (benefit):			395				315
Income tax provision		$	2,176			$	1,910

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		July 31,				April 30,
($ in thousands)		2025				2025
Federal tax liability (benefit):
Deferred gain on deconsolidation of EAM		$	10,669			$	10,669
Deferred non-cash post-employment compensation			(372	)			(372	)
Depreciation and amortization			68				78
Unrealized gain/(loss) on securities held for sale			1,410				1,127
Right of Use Asset			(105	)			(114	)
Deferred charges			(87	)			(129	)
Other			(524	)			(487	)
Total federal tax liability			11,059				10,772

State and local tax liabilities (benefits):
Deferred gain on deconsolidation of EAM			2,329				2,287
Deferred non-cash post-employment compensation			(81	)			(80	)
Depreciation and amortization			15				16
Unrealized gain/(loss) on securities held for sale			308				242
Other			(148	)			(42	)
Total state and local tax liabilities			2,423				2,423
Deferred tax liability, long-term		$	13,482			$	13,195

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Three Months Ended July 31,
		2025				2024
U.S. statutory federal tax rate			21.00	%			21.00	%
Increase (decrease) in tax rate from:
State and local income taxes, net of federal income tax benefit			4.39	%			3.69	%
Effect of dividends received deductions			(0.19	)%			(0.19	)%
Effective income tax rate			25.20	%			24.50	%