TCF Bank 2007 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2007 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 114

  • 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

2007 Form 10-K | 47
Consolidated Statements of Stockholders’ Equity
Accumulated
Number of Other
Common Additional Comprehensive Treasury
Shares Common Paid-in Retained (Loss)/ Stock
(Dollars in thousands) Issued Stock Capital Earnings Income and Other Total
Balance, December 31, 2004 184,939,094 $1,849 $ 505,542 $1,385,760 $ (1,415) $ (933,318) $ 958,418
Comprehensive income (loss):
Net income – – – 265,132 – – 265,132
Other comprehensive loss – – – – (19,800) – (19,800)
Comprehensive income (loss) – – – 265,132 (19,800) – 245,332
Dividends on common stock – – – (114,543) – – (114,543)
Repurchase of 3,450,000 shares – – – – – (93,499) (93,499)
Issuance of 526,900 shares – – (9,658) – – 9,658 –
Cancellation of shares (114,004) (1) (1,137) 262 – – (876)
Cancellation of shares for tax withholding (438,897) (4) (13,479) – – – (13,483)
Amortization of stock compensation – – 5,830 – – – 5,830
Exercise of stock options, 66,064 shares – – (648) – – 1,225 577
Stock compensation tax benefits – – 10,716 – – – 10,716
Change in shares held in trust for deferred
compensation plans, at cost – – (20,282) – – 20,282 –
Balance, December 31, 2005 184,386,193 $1,844 $ 476,884 $1,536,611 $(21,215) $ (995,652) $ 998,472
Comprehensive income (loss):
Net income – – – 244,943 – – 244,943
Other comprehensive loss – – – – (374) – (374)
Comprehensive income (loss) – – – 244,943 (374) – 244,569
Adjustment to initially apply
FASB Statement No.158, net of tax – – – – (13,337) – (13,337)
Dividends on common stock – – – (121,405) – – (121,405)
Repurchase of 3,900,000 shares – – – – – (101,045) (101,045)
Issuance of 738,890 shares – – (13,874) – – 13,874 –
Treasury stock retired (52,500,000) (525) (126,765) (876,667) – 1,003,957 –
Cancellation of shares (134,635) (1) (490) 529 – – 38
Cancellation of shares for
tax withholding (90,809) (1) (2,451) – – – (2,452)
Amortization of stock compensation – – 7,499 – – – 7,499
Exercise of stock options, 28,667 shares – – (192) – – 546 354
Stock compensation tax benefits – – 20,681 – – – 20,681
Change in shares held in trust for
deferred compensation plans, at cost – – (17,548) – – 17,548 –
Balance, December 31, 2006 131,660,749 $1,317 $ 343,744 $ 784,011 $(34,926) $ (60,772) $ 1,033,374
Comprehensive income:
Net income – – – 266,808 – – 266,808
Other comprehensive income ––––16,871 – 16,871
Comprehensive income – – – 266,808 16,871 – 283,679
Dividends on common stock – – – (124,513) – – (124,513)
Repurchase of 3,910,000 shares –––––(105,251) (105,251)
Issuance of 198,850 shares – – (4,850) – – 4,850 –
Cancellation of shares (140,775) (1) (615) 569 – – (47)
Cancellation of shares for tax withholding (51,275) (1) (1,409) – – – (1,410)
Amortization of stock compensation – – 7,430 – – – 7,430
Exercise of stock options, 87,083 shares – – (992) – – 2,208 1,216
Stock compensation tax benefits – – 4,534 – – – 4,534
Change in shares held in trust for
deferred compensation plans, at cost – – 6,721 – – (6,721) –
Balance, December 31, 2007 131,468,699 $1,315 $354,563 $ 926,875 $(18,055) $(165,686) $1,099,012
See accompanying notes to consolidated financial statements.