TCF Bank 2001 Annual Report Download - page 37

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35
The following table sets forth information detailing the allowance for loan and lease losses and selected statistics:
Year Ended December 31,
(Dollars in thousands) 2001 2000 1999 1998 1997
Balance at beginning of year . . . . . . . . . . . . . . . . . . . . $ 66,669 $ 55,755 $ 80,013 $ 82,583 $ 71,865
Acquired balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . –– – – 10,592
Transfers to loans held for sale . . . . . . . . . . . . . . . . . . –– (14,793) – –
Charge-offs:
Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,605) (7,041) (31,509) (30,108) (21,660)
Commercial real estate. . . . . . . . . . . . . . . . . . . . . . (122) (76) (674) (1,294) (927)
Commercial business. . . . . . . . . . . . . . . . . . . . . . . (429) (143) (52) (42) (1,485)
Leasing and equipment finance . . . . . . . . . . . . . . . (9,794) (2,426) (2,008) (979) (2,297)
Residential real estate. . . . . . . . . . . . . . . . . . . . . . . (1) (15) (155) (291) (444)
(16,951) (9,701) (34,398) (32,714) (26,813)
Recoveries:
Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,487 4,576 5,831 5,222 3,141
Commercial real estate. . . . . . . . . . . . . . . . . . . . . . 103 295 1,381 559 2,530
Commercial business. . . . . . . . . . . . . . . . . . . . . . . 193 690 329 635 2,488
Leasing and equipment finance . . . . . . . . . . . . . . . 649 254 398 345 618
Residential real estate. . . . . . . . . . . . . . . . . . . . . . . –28 71 103 167
4,432 5,843 8,010 6,864 8,944
Net charge-offs . . . . . . . . . . . . . . . . . . . . . . . . (12,519) (3,858) (26,388) (25,850) (17,869)
Provision charged to operations. . . . . . . . . . . . . . . . . . 20,878 14,772 16,923 23,280 17,995
Balance at end of year . . . . . . . . . . . . . . . . . . . . . . . . . $ 75,028 $ 66,669 $ 55,755 $ 80,013 $ 82,583
Ratio of net loan and lease charge-offs to average
loans and leases outstanding . . . . . . . . . . . . . . . . . . .15% .05% .35% .36% .30%
Year-end allowance as a percentage of year-end total
loan and lease balances. . . . . . . . . . . . . . . . . . . . . . .91 .78 .71 1.12 1.17
Year-end allowance as a percentage of year-end loans and
leases excluding residential real estate loans . . . . . . . 1.32 1.31 1.33 2.27 2.30
The allocation of TCF’s allowance for loan and lease losses, including general and specific loss allocations, is as follows:
Allocations as a Percentage of Total
Loans and Leases Outstanding by Type
At December 31, At December 31,
(Dollars in thousands) 2001 2000 1999 1998 1997 2001 2000 1999 1998 1997
Consumer. . . . . . . . . . . . . . $ 8,355 $ 9,764 $10,701 $32,011 $28,129 .33% .44% .52% 1.71% 1.42%
Commercial real estate. . . . . 24,459 20,753 12,708 12,525 15,065 1.51 1.51 1.18 1.54 1.75
Commercial business . . . . . . 12,117 9,668 8,256 5,756 4,520 2.87 2.36 2.35 1.99 1.88
Leasing and equipment
finance . . . . . . . . . . . . . . 11,774 7,583 4,237 2,955 2,004 1.23 .89 .86 .74 .54
Unallocated. . . . . . . . . . . . . 16,139 16,139 16,839 23,295 29,364 N.A. N.A. N.A. N.A. N.A.
Subtotal . . . . . . . . . . . . . 72,844 63,907 52,741 76,542 79,082 1.32 1.31 1.33 2.27 2.30
Residential real estate. . . . . . 2,184 2,762 3,014 3,471 3,501 .08 .08 .08 .09 .10
Total allowance balance. . . $75,028 $66,669 $55,755 $80,013 $82,583 .91 .78 .71 1.12 1.17
N.A. Not applicable.