TCF Bank 2010 Annual Report Download - page 70

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• 54 • TCF Financial Corporation and Subsidiaries
Consolidated Statements of Equity
TCF Financial Corporation
Accumulated
Number of Other
Common Additional Comprehensive Treasury Non-
Shares Preferred Common Paid-in Retained (Loss)/ Stock controlling Total
(Dollars in thousands) Issued Stock Stock Capital Earnings Income and Other Total Interests Equity
Balance as of December 31, 2007 131,468,699 $ – $1,315 $354,563 $ 926,875 $ (18,055) $(165,686) $ 1,099,012 $ – $ 1,099,012
Pension and postretirement
measurement date change – – – – 65 – – 65 – 65
Subtotal 131,468,699 – 1,315 354,563 926,940 (18,055) (165,686) 1,099,077 – 1,099,077
Comprehensive income:
Income after income tax expense – – – – 128,958 – – 128,958 – 128,958
Other comprehensive income – – – – – 14,363 – 14,363 – 14,363
Comprehensive income – – – – 128,958 14,363 – 143,321 – 143,321
Dividends on preferred stock – 283 – – (2,540) – – (2,257) – (2,257)
Dividends on common stock – – – – (126,447) – – (126,447) – (126,447)
Issuance of preferred shares
and common warrant – 348,154 – 12,850 – – – 361,004 – 361,004
Grants of restricted stock, 755,838 shares – – – (19,573) – – 19,573 – – –
Treasury shares sold to TCF employee
benefit plans, 683,787 shares – – – (7,530) – – 17,707 10,177 – 10,177
Cancellation of shares of restricted stock (223,647) – (3) (4,217) 982 – – (3,238) – (3,238)
Cancellation of common shares
for tax withholding (405,674) – (4) (6,474) – – – (6,478) – (6,478)
Amortization of stock compensation – – – 8,344 – – – 8,344 – 8,344
Exercise of stock options, 13,000 shares – – – (173) – – 336 163 – 163
Stock compensation tax benefits – – – 10,110 – – – 10,110 – 10,110
Change in shares held in trust for
deferred compensation plans, at cost – – – (17,426) – – 17,426 – – –
Balance as of December 31, 2008 130,839,378 $ 348,437 $1,308 $330,474 $ 927,893 $ (3,692) $(110,644) $ 1,493,776 $ – $ 1,493,776
Comprehensive income (loss):
Income after income tax expense – – – – 87,097 – – 87,097 (410) 86,687
Other comprehensive loss – – – – – (14,853) – (14,853) – (14,853)
Comprehensive income (loss) – – – – 87,097 (14,853) – 72,244 (410) 71,834
Investment by non-controlling interest – – – – – – – – 4,803 4,803
Dividends on preferred stock – 710 – – (6,378) – – (5,668) – (5,668)
Dividends on common stock – – – – (50,828) – – (50,828) – (50,828)
Non-cash deemed preferred
stock dividend – 12,025 – – (12,025) – – – – –
Redemption of preferred stock – (361,172) – – – – – (361,172) – (361,172)
Grants of restricted stock, 719,727 shares – – – (18,638) – – 18,638 – – –
Treasury shares sold to TCF employee
benefit plans, 1,448,640 shares – – – (18,367) – – 37,514 19,147 – 19,147
Cancellation of shares of restricted stock (481,000) – (5) (818) 243 – – (580) – (580)
Cancellation of common shares
for tax withholding (18,878) – – (250) – – – (250) – (250)
Amortization of stock compensation – – – 8,615 – – – 8,615 – 8,615
Exercise of stock options, 108,800 shares – – – (1,279) – – 2,817 1,538 – 1,538
Stock compensation tax expense – – – (1,058) – – – (1,058) – (1,058)
Change in shares held in trust for
deferred compensation plans, at cost – – – (848) – – 848 – – –
Cost of issuance of common warrants – – – (402) – – – (402) – (402)
Balance as of December 31, 2009 130,339,500 $ – $1,303 $297,429 $ 946,002 $ (18,545) $ (50,827) $ 1,175,362 $ 4,393 $ 1,179,755
Comprehensive income (loss):
Income after income tax expense – – – – 146,564 – – 146,564 3,297 149,861
Other comprehensive loss – – – – – (12,969) – (12,969) – (12,969)
Comprehensive income (loss) – – – – 146,564 (12,969) – 133,595 3,297 136,892
Public offering of common stock 12,322,250 – 124 164,443 – – – 164,567 – 164,567
Investment by non-controlling interest – – – – – – – – 810 810
Dividends on common stock – – – – (27,617) – – (27,617) – (27,617)
Grants of restricted stock, 347,916 shares 20,000 – – (8,491) – – 8,491 – – –
Common shares purchased by TCF
employee benefit plans 442,579 – 4 6,358 – – – 6,362 – 6,362
Treasury shares sold to TCF employee
benefit plans, 757,612 shares – – – (7,893) – – 19,620 11,727 – 11,727
Cancellation of shares of restricted stock (23,723) – – (247) 29 – – (218) – (218)
Cancellation of common shares for
tax withholding (135,594) – (1) (1,946) – – – (1,947) – (1,947)
Amortization of stock compensation – – – 9,534 – – – 9,534 – 9,534
Stock compensation tax benefits – – – 298 – – – 298 – 298
Change in shares held in trust for
deferred compensation plans, at cost – – – 399 – – (399) – – –
Balance as of December 31, 2010 142,965,012 $ – $1,430 $459,884 $1,064,978 $(31,514) $ (23,115) $1,471,663 $8,500 $1,480,163
See accompanying notes to consolidated financial statements.