TCF Bank 2010 Annual Report Download - page 106

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• 90 • TCF Financial Corporation and Subsidiaries
Note 22. Comprehensive Income
Comprehensive income is the total of net income and other comprehensive income. The following table summarizes the
components of comprehensive income.
Year Ended December 31,
(In thousands) 2010 2009 2008
Net income $146,564 $ 87,097 $128,958
Other comprehensive (loss) income:
Unrealized holding gains (losses) arising during the year
on securities available for sale 3,343 (3,253) 69,754
Recognized pension and postretirement actuarial gain (loss),
settlement expense and transition obligation 6,795 11,132 (30,974)
Pension and postretirement measurement date change – – 293
Reclassification adjustment for securities gains included in net income (31,484) (31,828) (16,066)
Foreign currency translation adjustment 575 251 1
Net investment hedge (195) – –
Cash flow hedge (1) – –
Income tax benefit (expense) 7,998 8,845 (8,645)
Total other comprehensive (loss) income (12,969) (14,853) 14,363
Comprehensive income $133,595 $ 72,244 $143,321
Note 23. Other Expense
Other expense consists of the following.
Year Ended December 31,
(In thousands) 2010 2009 2008
Card processing and issuance $ 19,167 $ 19,792 $ 19,262
Professional fees 17,742 8,504 7,474
Deposit account losses 12,590 14,076 14,709
Postage and courier 11,926 13,816 13,380
Telecommunications 11,915 11,726 11,860
Outside processing 11,487 10,821 10,450
Office supplies 8,342 9,281 9,664
ATM processing 5,820 6,615 6,881
Other 47,264 48,187 52,615
Total other expense $146,253 $142,818 $146,295
Note 24. Business Segments
Retail Banking, Wholesale Banking, Treasury Services
and Support Services have been identified as reportable
operating segments. Retail Banking includes branch banking
and retail lending. Wholesale Banking includes commercial
banking, leasing and equipment finance and inventory
finance. Treasury Services includes TCF’s investment and
borrowing portfolios and management of capital, debt and
market risks, including interest-rate and liquidity risks.
Support Services includes holding company and corporate
functions that provide data processing, bank operations
and other professional services to the operating segments.
TCF evaluates performance and allocates resources
based on the segments’ net income. The business segments
follow generally accepted accounting principles as
described in the Summary of Significant Accounting
Policies. TCF generally accounts for inter-segment sales
and transfers at cost.