TCF Bank 2010 Annual Report Download - page 52

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• 36 • TCF Financial Corporation and Subsidiaries
Commercial loan modifications which are not classified
as TDRs primarily involve loans where interest rates were
changed to current market rates for borrowers with similar
credit characteristics or where TCF received additional
collateral or loan conditions. Loans that are 90 or more
days past due and not well secured at the time of modifica-
tion remain on non-accrual status. Regardless of whether
contractual principal and interest payments are well-
secured at the time of modification, equipment finance
loans that are 90 or more days past due remain on non-
accrual status. Loans modified when on non-accrual status
continue to be reported as non-accrual loans until there is
sustained repayment performance for six months.
The balance of modified loans as of December 31, 2010 and 2009 are summarized in the following tables.
December 31, 2010
Consumer Commercial Leasing and
Real Estate Real Estate Equipment
(Dollars in thousands) and Other and Business Finance Total
TDRs:
Accruing $337,401 $ 48,838 $ – $386,239
Non-accruing 30,511 17,487 1,284 49,282
Total TDRs 367,912 66,325 1,284 435,521
Other loan modifications:
Accruing 24,145 68,484 22,624 115,253
Non-accruing 3,394 10,622 6,231 20,247
Total other loan modifications 27,539 79,106 28,855 135,500
Total loan modifications $395,451 $145,431 $30,139 $571,021
Over 60-day delinquency as a percentage of balance:
Accruing TDRs 5.32% –% –% 4.64%
Accruing other loan modifications 5.82 – .55 1.33
Total accruing loan modifications 5.35 – .55 3.88
December 31, 2009
Consumer Commercial Leasing and
Real Estate Real Estate Equipment
(Dollars in thousands) and Other and Business Finance Total
TDRs:
Accruing $252,510 $ – $ – $252,510
Non-accruing 15,416 9,586 – 25,002
Total TDRs 267,926 9,586 – 277,512
Other loan modifications:
Accruing 32,717 33,272 31,925 97,914
Non-accruing 1,506 – 2,059 3,565
Total other loan modifications 34,223 33,272 33,984 101,479
Total loan modifications $302,149 $42,858 $33,984 $378,991
Over 60-day delinquency as a percentage of balance:
Accruing TDRs 2.48% –% –% 2.48%
Accruing other loan modifications 11.19 – 3.08 4.74
Total accruing loan modifications 3.48 – 3.08 3.11