Income Taxes

3 Months Ended

Mar. 31, 2020

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 March 31, 2020, 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 2015, 2016 and 2017.

Income tax provisions are summarized as follows:

	For the three months
	ended March 31,
	2020		2019
(In thousands)
Federal:
Current	$	1,950	$	1,326
Deferred		(961)		617
Total federal tax provision		989		1,943
State and Local:
Current		162		156
Deferred		(1,357)		188
Total state and local tax (benefit) provision		(1,195)		344
Total income tax (benefit) provision	$	(206)	$	2,287