TCF Bank 2011 Annual Report Download - page 116

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Note 23. Comprehensive Income
Comprehensive income is the total of net income and other comprehensive income (loss). The following table summarizes the
components of comprehensive income.
Year Ended December 31,
(In thousands) 2011 2010 2009
Net income $109,394 $150,947 $ 94,269
Other comprehensive income (loss):
Unrealized holding gains (losses) arising during the year on securities
available for sale 122,638 3,342 (3,253)
Recognized postretirement prior service cost and transition obligation 308 4 4
Reclassification adjustment for securities gains included in net income (8,045) (31,484) (31,828)
Foreign currency translation adjustment (433) 575 251
Foreign currency hedge 261 (196) –
Income tax (expense) benefit (42,211) 10,407 12,801
Total other comprehensive income (loss) 72,518 (17,352) (22,025)
Comprehensive income $181,912 $133,595 $ 72,244
Note 24. Other Expense
Other expense consists of the following.
Year Ended December 31,
(In thousands) 2011 2010 2009
Card processing and issuance $ 18,593 $ 19,167 $ 19,792
Professional fees 15,466 17,742 8,504
Telecommunications 12,420 11,915 11,726
Outside processing 11,910 11,487 10,821
Postage and courier 10,241 11,926 13,816
Deposit account losses 8,435 12,590 14,076
Office supplies 6,684 8,342 9,281
ATM processing 4,902 5,820 6,615
Other 56,838 47,264 48,186
Total other expense $145,489 $146,253 $142,817
Note 25. Business Segments
Retail Banking, Wholesale Banking, Treasury Services
and Support Services have been identified as reportable
operating segments. Retail Banking includes branch
banking and retail lending. Wholesale Banking includes
commercial banking, leasing and equipment finance,
inventory finance and auto finance. Treasury Services
includes TCF’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.
TCF evaluates performance and allocates resources
based on each segment’s net income. The business
segments follow U.S. GAAP as described in Note 1, Summary
of Significant Accounting Policies. TCF generally accounts
for inter-segment sales and transfers at cost.
98 TCF Financial Corporation and Subsidiaries