TCF Bank 2000 Annual Report Download - page 40

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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
At December 31,
(Dollars in thousands, except per-share data) 2000 1999
Assets
Cash and due from banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 392,007 $ 429,262
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134,059 148,154
Securities available for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,403,888 1,521,661
Loans held for sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 227,779 198,928
Loans and leases:
Residential real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,673,831 3,919,678
Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,234,134 2,058,584
Commercial real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,371,841 1,073,472
Commercial business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 410,422 351,353
Leasing and equipment finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 856,471 492,656
Total loans and leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,546,699 7,895,743
Allowance for loan and lease losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . (66,669) (55,755)
Net loans and leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,480,030 7,839,988
Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153,239 158,468
Deposit base intangibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,183 13,262
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 395,277 351,993
$11,197,462 $10,661,716
Liabilities and Stockholders’ Equity
Deposits:
Checking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,203,943 $ 1,913,279
Passbook and statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,045,388 1,091,292
Money market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 836,888 708,417
Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,805,605 2,871,847
Total deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,891,824 6,584,835
Securities sold under repurchase agreements and federal funds purchased . . . . . 1,085,320 1,010,000
Federal Home Loan Bank advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,891,037 1,759,787
Discounted lease rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,763 178,369
Other borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,125 135,732
Total borrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,184,245 3,083,888
Accrued interest payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,055 40,352
Accrued expenses and other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174,118 143,659
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,287,242 9,852,734
Stockholders’ equity:
Preferred stock, par value $.01 per share, 30,000,000
shares authorized; none issued and outstanding . . . . . . . . . . . . . . . . . . ––
Common stock, par value $.01 per share, 280,000,000 shares
authorized; 92,755,659 and 92,804,205 shares issued . . . . . . . . . . . . . 928 928
Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 508,682 500,797
Retained earnings, subject to certain restrictions . . . . . . . . . . . . . . . . . . . . 835,605 715,461
Accumulated other comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,868) (47,382)
Treasury stock at cost, 12,466,626 and 10,863,017 shares, and other . . . . . . (425,127) (360,822)
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 910,220 808,982
$11,197,462 $10,661,716
See accompanying notes to consolidated financial statements.
38
TCF