TCF Bank 2009 Annual Report Download - page 49

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2009 Form 10-K : 33
The following table sets forth information detailing the allowance for loan and lease losses.
Year Ended December 31,
(In thousands)  2008 2007 2006 2005
Balance at beginning of year   $ 80,942 $ 58,543 $ 55,823 $ 75,393
Charge-offs:
Consumer real estate
First mortgage lien  (29,009) (9,589) (3,142) (2,363)
Junior lien  (34,190) (12,197) (4,756) (2,951)
Total real estate  (63,199) (21,786) (7,898) (5,314)
Consumer other  (20,830) (19,455) (18,423) (18,675)
Total consumer  (84,029) (41,241) (26,321) (23,989)
Commercial real estate  (11,884) (2,409) (228) (74)
Commercial business  (5,731) (1,264) (555) (454)
Leasing and equipment nance  (13,156) (7,507) (6,117) (23,387)
Inventory nance  – – – –
Total charge-offs  (114,800) (52,421) (33,221) (47,904)
Recoveries:
Consumer real estate
First mortgage lien  202 253 108 135
Junior lien  633 955 173 196
Total consumer real estate  835 1,208 281 331
Consumer other  11,525 13,019 13,621 14,705
Total consumer  12,360 14,227 13,902 15,036
Commercial real estate  30 – 39 82
Commercial business  130 16 86 2,627
Leasing and equipment nance  1,735 3,585 1,225 2,003
Inventory nance  – – – –
Total recoveries  14,255 17,828 15,252 19,748
Net charge-offs  (100,545) (34,593) (17,969) (28,156)
Provision charged to operations  192,045 56,992 20,689 8,586
Balance at end of year   $ 172,442 $ 80,942 $ 58,543 $ 55,823
The following table sets forth additional information regarding net charge-offs.
Year Ended December 31,
 2008
  % of
  Average
  Net Loans and
(Dollars in thousands)   Charge-offs Leases
Consumer real estate
First mortgage lien    $ 28,807 .66%
Junior lien   33,557 1.39
Total consumer real estate   62,364 .90
Consumer other   9,305 N.M.
Total consumer   71,669 .98
Commercial real estate   11,854 .44
Commercial business   5,601 1.05
Total commercial   17,455 .54
Leasing and equipment nance   11,421 .50
Inventory nance   – –
Total   $100,545 .78
N.M. Not Meaningful.