Note 12 - Income Taxes

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Income Tax Disclosure [Text Block]

12. Income Taxes

Flushing Financial Corporation files consolidated Federal and combined New York State and New York City income tax returns with its subsidiaries, with the exception of the Company’s trusts, which file separate Federal income tax returns as trusts, and Flushing Preferred Funding Corporation, which files a separate Federal income tax return as a real estate investment trust. Additionally, the Bank files New Jersey State tax returns.

Income tax provisions are summarized as follows:

	For the three months ended June 30,						For the six months ended June 30,
(In thousands)	2018			2017			2018			2017
Federal:
Current	$	3,755		$	6,653		$	6,165		$	9,605
Deferred		(444	)		(1,077	)		(247	)		720
Total federal tax provision		3,311			5,576			5,918			10,325
State and Local:
Current		1,499			1,618			1,689			1,419
Deferred		(321	)		(419	)		(168	)		285
Total state and local tax provision		1,178			1,199			1,521			1,704
Total income tax provision	$	4,489		$	6,775		$	7,439		$	12,029