TCF Bank 2009 Annual Report Download - page 91

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2009 Form 10-K : 75
Note 21. Comprehensive Income
Comprehensive income is the total of net income and other comprehensive income. The following table summarizes the components
of comprehensive income.
Year Ended December 31,
(In thousands)  2008 2007
Net income   $128,958 $266,808
Other comprehensive (loss) income:
Unrealized holding (losses) gains arising during the period
on securities available for sale  69,754 30,237
Recognized pension and postretirement actuarial gain (loss),
settlement expense and transition obligation  (30,974) 8,822
Pension and postretirement measurement date change 293 –
Reclassication adjustment for securities gains included in net income  (16,066) (13,278)
Foreign currency translation adjustment  1 –
Income tax benet (expense)  (8,645) (8,910)
Total other comprehensive (loss) income  14,363 16,871
Comprehensive income   $143,321 $283,679
Note 22. Other Expense
Other expense consists of the following.
Year Ended December 31,
(In thousands)  2008 2007
Card processing and issuance   $ 19,262 $ 18,134
Deposit account losses  14,709 17,629
Postage and courier  13,380 13,663
Telecommunications  11,860 11,790
Outside processing  10,450 9,296
Ofce supplies  9,664 9,581
Professional fees  7,474 6,939
Credit insurance  – –
ATM processing  6,881 8,647
Separation costs  10,005 1,411
Other  46,345 51,773
Total other expense  $150,030 $148,863
Note 23. Business Segments
Retail Banking, Wholesale Banking, Treasury Services
and Support Services have been identied as reportable
operating segments. Retail Banking includes branch
banking and retail lending. Wholesale Banking includes
commercial banking, leasing and equipment nance and
inventory nance. Treasury Services includes the Company’s
investment and borrowing portfolios and management of
capital, debt and market risks, including interest-rate and
liquidity risks. Support Services includes holding company
and corporate functions that provide data processing, bank
operations and other professional services to the operating
segments. In 2009, TCF changed the management structure
and therefore its segments. Prior periods have been
restated to reect the current structure.
TCF evaluates performance and allocates resources based
on the segments’ net income. The business segments follow
generally accepted accounting principles as described in the
Summary of Signicant Accounting Policies. TCF generally
accounts for inter-segment sales and transfers at cost.