TCF Bank 2001 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2001 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 82

  • 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

TCF became a public company in 1986 and since that time
we have had a simple and consistent philosophy of banking.
Our strong conviction that our customers come first is the
driving force that has made TCF one of the best performing
banks in the country. We listen to our customers and we have
provided the products and services they want. The results
speak for themselves; over this time we have recorded some
of the highest performance ratios among the top 50 banks
in the country and posted record operating earnings for
the last 11 years.
The chart on the cover, clearly illustrated below, shows
that this strategy has also been excellent for TCF share-
Corporate Profile
TCF Financial Corporation is a Wayzata, Minnesota-based national
financial holding company with $11.4 billion in assets. TCF has 375
banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado
and Indiana. Other TCF affiliates provide leasing and equipment
finance, mortgage banking, discount brokerage, and investments
and insurance sales.
Table of Contents
1Financial Highlights
2
Letter to Our Shareholders
12Business Highlights
20Corporate Philosophy
21Financial Review
42Consolidated Financial Statements
47Notes to Consolidated
Financial Statements
72IndependentAuditors’ Report
73Other Financial Data
74Corporate Information
76Shareholder Information
holders. A $100 investment in TCF made ten years ago,
with dividends reinvested, would be worth over $1,250
today – an impressive annual return of almost 29 percent.
The chart also reflects our excellent dividend payment his-
tory. TCF has increased its dividend every year for the last
ten years and will continue in 2002 by increasing the div-
idend to $1.15 per share.
Record earnings, increased dividends, performance
ratios ranking with the top performing banks in the nation,
and excellent return on investment, make clear the reasons
TCF has become a well respected, often copied and highly
profitable banking organization.
About the Cover
Stock Price Performance
(In Dollars)
Stock Price
Dividend Paid
N/A N/A N/A $0.05 $0.10 $0.10 $0.10 $0.13 $0.19 $0.25 $0.31 $0.38 $0.50 $0.65 $0.75 $0.85 $1.00
Stock Price
Dividend Paid
Year Ending
$3.00 $3.03 $1.72 $2.22 $3.38 $1.91 $4.84 $7.25 $8.50 $10.31 $16.56 $21.75 $33.94 $24.19 $24.88 $44.56 $47.98
Jun-86 Dec-86 Dec-87 Dec-88 Dec-89 Dec-90 Dec-91 Dec-92 Dec-93 Dec-94 Dec-95 Dec-96 Dec-97 Dec-98 Dec-99 Dec-00 Dec-01
$50
45
40
35
30
25
20
15
10
5
0
$1.00
0.75
0.50
0.25
0.00