TCF Bank 2007 Annual Report Download - page 75

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2007 Form 10-K | 55
Note 5. Loans and Leases
The following table sets forth information about loans and leases, excluding loans held for sale.
At December 31, Percentage
(Dollars in thousands) 2007 2006 Change
Consumer home equity and other:
Home equity:
First mortgage lien $ 4,178,961 $ 3,781,458 10.5%
Junior lien 2,344,113 2,101,210 11.6
Total consumer home equity 6,523,074 5,882,668 10.9
Other 67,557 62,409 8.2
Total consumer home equity and other 6,590,631 5,945,077 10.9
Commercial:
Commercial real estate:
Permanent 2,280,204 2,201,996 3.6
Construction and development 277,126 188,657 46.9
Total commercial real estate 2,557,330 2,390,653 7.0
Commercial business 558,325 551,995 1.1
Total commercial 3,115,655 2,942,648 5.9
Leasing and equipment finance:(1)
Equipment finance loans 604,185 492,062 22.8
Lease financings:
Direct financing leases 1,611,881 1,423,226 13.3
Sales-type leases 26,657 22,694 17.5
Lease residuals 41,678 34,671 20.2
Unearned income and deferred lease costs (180,058) (154,488) (16.6)
Total lease financings 1,500,158 1,326,103 13.1
Total leasing and equipment finance 2,104,343 1,818,165 15.7
Total consumer, commercial and leasing and equipment finance 11,810,629 10,705,890 10.3
Residential real estate 527,607 627,790 (16.0)
Total loans and leases $12,338,236 $11,333,680 8.9
(1) Operating leases of $71.1 million and $80.4 million at December 31, 2007 and 2006, respectively, are included in Other Assets on the Consolidated Statements of
Financial Condition.
The aggregate amount of loans to non-management
directors of TCF and their related interests was $39.3
million and $44.1 million at December 31,2007 and 2006,
respectively. During 2007, $10 thousand of new loans were
made, $4.8 million of loans were repaid. All loans to outside
directors and their related interests were made in the
ordinary course of business on normal credit terms, includ-
ing interest rates and collateral, as those prevailing at the
time for comparable transactions with unrelated persons.
The aggregate amount of loans to executive officers of TCF
was $27 thousand and $30 thousand at December 31, 2007
and 2006, respectively. In the opinion of management,
the above mentioned loans to outside directors and their
related interests and executive officers do not represent
more than a normal risk of collection.
Future minimum lease payments for direct financing and
sales-type leases as of December 31, 2007 are as follows.
(In thousands) Total
2008 $ 570,770
2009 408,543
2010 287,601
2011 182,481
2012 81,420
Thereafter 27,566
Total $1,558,381