Note 13 - Income Taxes

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Income Tax Disclosure [Text Block]

13.    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, 2019, the Company is undergoing examination for 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						For the nine months
	ended September 30,						ended September 30,
(In thousands)	2019			2018			2019			2018
Federal:
Current	$	3,578		$	2,899		$	9,354		$	9,064
Deferred		(1,121	)		(592	)		(1,973	)		(839	)
Total federal tax provision		2,457			2,307			7,381			8,225
State and Local:
Current		1,345			33			2,518			1,722
Deferred		(1,266	)		(430	)		(1,804	)		(598	)
Total state and local tax provision		79			(397	)		714			1,124
Total income tax provision	$	2,536		$	1,910		$	8,095		$	9,349