Note 12 - Income Taxes

9 Months Ended

Sep. 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. As of

September 30, 2018,

the Company is undergoing examination for its Federal income tax return for

2015,

its New York State income tax returns for

2014,

2015

and

2016

and its New York City income tax return for

2014.

Income tax provisions are summarized as follows:

	For the three months ended September 30,						For the nine months ended September 30,
(In thousands)	2018			2017			2018			2017
Federal:
Current	$	2,899		$	6,703		$	9,064		$	16,308
Deferred		(592	)		(2,023	)		(839	)		(1,303	)
Total federal tax provision		2,307			4,680			8,225			15,005
State and Local:
Current		33			1,398			1,722			2,817
Deferred		(430	)		(787	)		(598	)		(502	)
Total state and local tax provision (benefit)		(397	)		611			1,124			2,315
Total income tax provision	$	1,910		$	5,291		$	9,349		$	17,320