TCF Bank 2011 Annual Report Download - page 74

Download and view the complete annual report

Please find page 74 of the 2011 TCF Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

Consolidated Statements of Financial Condition
At December 31,
(Dollars in thousands, except per-share data) 2011 2010
Assets
Cash and due from banks $ 1,389,704 $ 663,901
Investments 157,780 179,768
Securities available for sale 2,324,038 1,931,174
Loans and leases held for sale 14,321 –
Loans and leases:
Consumer real estate and other 6,933,804 7,195,269
Commercial 3,449,492 3,646,203
Leasing and equipment finance 3,142,259 3,154,478
Inventory finance 624,700 792,354
Total loans and leases 14,150,255 14,788,304
Allowance for loan and lease losses (255,672) (265,819)
Net loans and leases 13,894,583 14,522,485
Premises and equipment, net 436,281 443,768
Goodwill 225,640 152,599
Other assets 537,041 571,330
Total assets $18,979,388 $18,465,025
Liabilities and Equity
Deposits:
Checking $ 4,629,749 $ 4,530,064
Savings 5,855,263 5,390,802
Money market 651,377 635,922
Certificates of deposit 1,065,615 1,028,327
Total deposits 12,202,004 11,585,115
Short-term borrowings 6,416 126,790
Long-term borrowings 4,381,664 4,858,821
Total borrowings 4,388,080 4,985,611
Accrued expenses and other liabilities 510,677 414,136
Total liabilities 17,100,761 16,984,862
Equity:
Preferred stock, par value $.01 per share, 30,000,000 shares authorized;
none issued and outstanding ––
Common stock, par value $.01 per share, 280,000,000 shares authorized;
160,366,380 and 142,965,012 shares issued, respectively 1,604 1,430
Additional paid-in capital 715,247 459,884
Retained earnings, subject to certain restrictions 1,127,823 1,049,156
Accumulated other comprehensive income (loss) 56,826 (15,692)
Treasury stock at cost, 42,566 and 51,160 shares, respectively, and other (33,367) (23,115)
Total TCF Financial Corporation stockholders' equity 1,868,133 1,471,663
Non-controlling interest in subsidiaries 10,494 8,500
Total equity 1,878,627 1,480,163
Total liabilities and equity $18,979,388 $18,465,025
See accompanying notes to consolidated financial statements.
56 TCF Financial Corporation and Subsidiaries