Exhibit 12.1

Flushing Financial Corporation

Computations of Consolidated Ratios of Earnings to Fixed Charges

(Dollars in thousands)

	Year Ended December 31,
	2016			2015			2014			2013			2012
	(Dollars in thousands)
Earnings:
Add:
Net income before income taxes, net of building sales	$	58,001	(1)	$	66,839	(2)	$	72,812		$	60,708		$	56,178
Fixed charges (from below)		53,911			49,726			49,554			52,284			63,275
Total earnings for purposes of ratios	$	111,912		$	116,565		$	112,366		$	112,992		$	119,453
Fixed Charges:
Total deposit interest expense	$	33,350		$	30,336		$	30,044		$	32,037		$	40,382
Other borrowing interest expense		20,561			19,390			19,510			20,247			22,893
Total fixed charges for purposes of ratios	$	53,911		$	49,726		$	49,554		$	52,284		$	63,275
Ratio of Earnings to Fixed Charges:
Excluding interest on deposits		3.82	x		4.45	x		4.73	x		4.00	x		3.45	x
Including interest on deposits		2.08	x		2.34	x		2.47	x		2.16	x		1.89	x

(1) Excludes $48,018 attributable to the gain on sale of buildings during the period. Including the gain on sale of buildings, earnings to fixed charges, excluding interest on deposits, is 6.16x and earnings to fixed charges including interest on deposits is 2.97x.

(2) Excludes $6,537 attributable to the gain on sale of buildings during the period. Including the gain on sale of buildings, earnings to fixed charges, excluding interest on deposits, is 4.78x and earnings to fixed charges, including interest on deposits, is 2.48x.

The ratios of earnings to fixed charges are computed by dividing (1) income (loss) before income taxes and fixed charges by (2) total fixed charges. For purposes of computing the foregoing ratios, earnings represent continuing operations income (loss) before applicable income taxes and fixed charges. Fixed charges, including interest on deposits, include all interest expense. Fixed charges, excluding interest on deposits, includes interest expense (other than on deposits).