TCF Bank 2009 Annual Report Download - page 95

2009 Form 10-K : 79
Other Financial Data
The selected quarterly nancial data presented below should be read in conjunction with the Consolidated Financial
Statements and related notes.

At
(Dollars in thousands,  Sept. 30, June 30, March 31, Dec. 31, Sept. 30, June 30, March 31,
except per-share data)  2009 2009 2009 2008 2008 2008 2008

Loans and leases  $14,329,264 $13,962,656 $13,795,617 $13,345,889 $13,105,237 $12,976,931 $12,826,194
Securities available for sale  2,060,227 2,087,406 2,098,628 1,966,104 2,102,756 2,120,664 2,177,262
Goodwill  152,599 152,599 152,599 152,599 152,599 152,599 152,599
Total assets  17,743,009 17,475,721 18,082,341 16,740,357 16,510,595 16,460,123 16,370,364
Total deposits  11,626,011 11,619,053 11,647,203 10,243,352 9,850,237 10,146,122 10,357,069
Short-term borrowings  21,397 25,829 26,299 226,861 603,233 411,802 138,442
Long-term borrowings  4,524,955 4,307,098 4,311,568 4,433,913 4,630,776 4,515,997 4,414,644
Total equity  1,179,839 1,142,535 1,499,956 1,493,776 1,111,029 1,088,301 1,129,870
Three Months Ended
 Sept. 30, June 30, March 31, Dec. 31, Sept. 30, June 30, March 31,
 2009 2009 2009 2008 2008 2008 2008

Net interest income     $ 161,489 $ 156,463 $ 145,413 $ 147,117 $ 152,165 $ 151,562 $ 142,829
Provision for credit losses  75,544 61,891 43,712 47,050 52,105 62,895 29,995
Net interest income after provision
for credit losses  85,945 94,572 101,701 100,067 100,060 88,667 112,834
Non-interest income:
Fees and other revenue  128,057 129,814 102,731 116,807 123,045 121,504 121,013
Gains on securities, net  – 10,556 11,548 8,167 498 1,115 6,286
Total non-interest income  128,057 140,370 114,279 124,974 123,543 122,619 127,299
Non-interest expense  190,267 196,546 174,208 179,810 177,588 168,729 168,276
Income before income tax expense  23,735 38,396 41,772 45,231 46,015 42,557 71,857
Income tax expense  6,491 14,853 15,125 17,527 15,889 18,855 24,431
Income after income tax expense  17,244 23,543 26,647 27,704 30,126 23,702 47,426
Loss attributable to non-controlling interest  207 – – – – – –
Net income  17,451 23,543 26,647 27,704 30,126 23,702 47,426
Preferred stock dividends  – 13,218 5,185 2,540 – – –
Net income available to
common stockholders      $ 17,451 $ 10,325 $ 21,462 $ 25,164 $ 30,126 $ 23,702 $ 47,426
Per common share:
Basic earnings        $ .14 $ .08 $ .17 $ .20 $ .24 $ .19 $ .38
Diluted earnings        $ .14 $ .08 $ .17 $ .20 $ .24 $ .19 $ .38
Dividends declared         $ .05 $ .05 $ .25 $ .25 $ .25 $ .25 $ .25

Return on average assets (1)  .39% .53% .62% .68% .73% .58% 1.18%
Return on average common equity (1)  6.03 3.61 7.58 9.00 11.11 8.57 17.08
Net interest margin (1)  3.92 3.80 3.66 3.84 3.97 4.00 3.84
Net charge-offs as a percentage
of average loans and leases (1)  1.52 1.43 1.04 1.02 .82 .83 .43
Average total equity to average assets  6.61 6.94 8.64 7.93 6.61 6.76 6.88
(1) Annualized.
Item 9. Changes in and Disagreements With Accountants on Accounting
and Financial Disclosure
None.