TCF Bank 2007 Annual Report Download - page 65

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2007 Form 10-K | 45
Consolidated Statements of Financial Condition
At December 31,
(Dollars in thousands, except per-share data) 2007 2006
Assets
Cash and due from banks $ 358,174 $ 348,980
Investments 148,267 170,129
Securities available for sale 1,963,681 1,816,126
Education loans held for sale 156,135 144,574
Loans and leases:
Consumer home equity and other 6,590,631 5,945,077
Commercial real estate 2,557,330 2,390,653
Commercial business 558,325 551,995
Leasing and equipment finance 2,104,343 1,818,165
Subtotal 11,810,629 10,705,890
Residential real estate 527,607 627,790
Total loans and leases 12,338,236 11,333,680
Allowance for loan and lease losses (80,942) (58,543)
Net loans and leases 12,257,294 11,275,137
Premises and equipment 438,452 406,087
Goodwill 152,599 152,599
Other assets 502,452 356,102
Total assets $15,977,054 $14,669,734
Liabilities and Stockholders’ Equity
Deposits:
Checking $ 4,108,527 $ 4,348,256
Savings 2,636,820 2,351,580
Money market 576,667 585,779
Certificates of deposit 2,254,535 2,483,635
Total deposits 9,576,549 9,769,250
Short-term borrowings 556,070 214,112
Long-term borrowings 4,417,378 3,374,428
Total borrowings 4,973,448 3,588,540
Accrued expenses and other liabilities 328,045 278,570
Total liabilities 14,878,042 13,636,360
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;
131,468,699 and 131,660,749 shares issued 1,315 1,317
Additional paid-in capital 354,563 343,744
Retained earnings, subject to certain restrictions 926,875 784,011
Accumulated other comprehensive loss (18,055) (34,926)
Treasury stock at cost, 4,866,480 and 1,242,413 shares, and other (165,686) (60,772)
Total stockholders’ equity 1,099,012 1,033,374
Total liabilities and stockholders’ equity $15,977,054 $14,669,734
See accompanying notes to consolidated financial statements.