TCF Bank 2000 Annual Report Download - page 2

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most convenient bank in Minnesota, Illinois, Michigan,
Wisconsin and Colorado.
Our de novo expansion strategy of opening new branches
and introducing new products and services is working. We
have opened 164 branches over the last three years, and plan
to continue with 30 to 40 branches in 2001. TCF's intro-
duction of the TCF Express Phone Card was very successful,
leading the way to an 18% increase in fee income. Our online
banking service has already attracted over 25,000 customers.
TCF's ongoing belief in the products and services listed
on our cover is producing results. We are now listed among
the top performing banks in the nation and have some of
the highest performance ratios in the industry. TCF has
posted record operating earnings for the last 10 years, and
enjoyed a 79% increase in our stock price in 2000.
TABLE OF CONTENTS
1 Financial Highlights
2Letter to Our Shareholders
12 Bank and Leasing Profiles
20 Philosophy of Banking
21 Financial Review
38 Consolidated Financial Statements
43 Notes to Consolidated Financial Statements
66 Independent Auditors' Report
67 Other Financial Data
72 Corporate Information
74 Shareholder Information
ABOUT THE COVER Our cover is not just a list of banking
terms; rather it is a composite of the ideas and ideals that
have molded TCF Bank over the years. Beginning in the late
1980's, with the introduction of ŒTotally Free Checking•
and home equity loans, TCF has defined itself as a bank of
customer convenience. TCF banks everyone; our primary
focus is lower- and middle-income customers and small to
medium-sized businesses in our markets.
Over the last 15 years we have introduced such convenient
banking services as supermarket banking, ATMs, phone bank-
ing and debit cards. In June of this year, we launched our
online banking service. When we combine this suite of ser-
vices with the fact that we are open 12 hours a day, holidays,
seven days a week and 360 + days a year, we believe we are the
TCF Financial Corporation is a
Wayzata, Minnesota based national financial holding com-
pany with $11.2 billion in assets. TCF has more than 350
banking offices in Minnesota, Illinois, Michigan, Wisconsin,
Colorado and Indiana. Other TCF affiliates provide leas-
ing, mortgage banking, and annuity, insurance and mutual
fund sales.