TCF Bank 2012 Annual Report Download - page 97

Download and view the complete annual report

Please find page 97 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

Note 11. Short-term Borrowings
The following table sets forth selected information for short-term borrowings (borrowings with an original maturity of less than
one year) for the years ended December 31, 2012 and 2011.
2012 2011
(Dollars in thousands) Amount Rate Amount Rate
At December 31,
Securities sold under repurchase agreements $ 2,619 .10% $ 6,416 .10%
Total $ 2,619 .10% $ 6,416 .10%
Year ended December 31, average daily balance
Federal Home Loan Bank advances $ 289,164 .30% $23,483 .24%
Federal funds purchased 16,137 .22 15,784 .20
Securities sold under repurchase agreements 6,374 .10 7,677 .10
U.S. Treasury, tax and loan borrowings – – 2,105 –
Line of Credit – TCF Commercial Finance Canada, Inc. 743 5.04 393 19.08
Total $ 312,418 .33% $49,442 .35%
Maximum month-end balance
Federal Home Loan Bank advances $1,150,000 N.A. $ – N.A.
Federal funds purchased 75,000 N.A. 20,000 N.A.
Securities sold under repurchase agreements 7,747 N.A. 12,024 N.A.
U.S. Treasury, tax and loan borrowings – N.A. 2,675 N.A.
Line of Credit – TCF Commercial Finance Canada, Inc. 6,083 N.A. 5,794 N.A.
N.A. Not Applicable.
At December 31, 2012, all of the securities sold under short-term repurchase agreements were related to TCF National
Bank’s Repurchase Investment Sweep Agreement product and were collateralized by mortgage-backed securities having a
fair value of $17.8 million.
{ 2012 Form 10K } { 81 }