TCF Bank 2012 Annual Report Download - page 124

Download and view the complete annual report

Please find page 124 of the 2012 TCF Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 142

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142

Item 9. Changes in and
Disagreements With Accountants
on Accounting and Financial
Disclosure
None.
Item 9A. Controls and Procedures
Disclosure Controls and Procedures The Company
carried out an evaluation, under the supervision and
with the participation of the Company’s management,
including the Company’s Chief Executive Officer (Principal
Executive Officer), the Company’s Chief Financial Officer
(Principal Financial Officer) and its Chief Accounting
Officer (Principal Accounting Officer), of the effectiveness
of the design and operation of the Company’s disclosure
controls and procedures pursuant to Exchange Act Rule
13a-15 and 15d-15 of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). Based upon that
evaluation, management concluded that the Company’s
disclosure controls and procedures were effective, as of
December 31, 2012.
Disclosure controls and procedures are designed to
ensure that information required to be disclosed by TCF
in reports filed or submitted under the Exchange Act is
recorded, processed, summarized and reported within
the time periods specified in the SEC’s rules and forms.
Disclosure controls are also designed with the objective
of ensuring that such information is accumulated and
communicated to the Company’s management, including
the Chief Executive Officer (Principal Executive Officer), the
Chief Financial Officer (Principal Financial Officer) and the
Chief Accounting Officer (Principal Accounting Officer), as
appropriate, to allow for timely decisions regarding required
disclosure. TCF’s disclosure controls also include internal
controls that are designed to provide reasonable assurance
that transactions are properly authorized, assets are
safeguarded against unauthorized or improper use and that
transactions are properly recorded and reported.
Changes in Internal Control Over Financial
Reporting The Company continued to implement new
software supporting the documentation of its external
financial reporting and transferred reporting capabilities of
certain management reporting systems during the quarter.
The impacted systems include new operational controls and
procedures and were tested as part of the development
and conversion process. There were no other changes to
TCF’s internal control over financial reporting (as defined
in Rule 13a-15(f) of the Exchange Act) during the quarter
ended December 31, 2012 that materially affected, or are
reasonably likely to materially affect, TCF’s internal control
over financial reporting.
{ 108 } { TCF Financial Corporation and Subsidiaries }