TCF Bank 2013 Annual Report Download - page 52

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Loan Modifications The following tables provide a summary of accruing and non-accrual TDR loans by portfolio and regulatory
classification.
At December 31,
(In thousands) 2013 2012 2011 2010 2009
Non-classified accruing TDR:
Consumer real estate $469,586 $417,409 $288,671 $247,321 $ –
Commercial 19,435 21,755 2,639 – –
Other 93 38–––
Total non-classified accruing TDR loans $489,114 $439,202 $291,310 $247,321 $ –
Classified accruing TDR loans:
Consumer real estate $ 37,054 $ 60,853 $144,407 $ 90,080 $252,510
Commercial 101,436 122,753 95,809 48,838 –
Leasing and equipment finance 1,021 1,050 776 – –
Inventory finance 4,212 ––––
Total classified accruing TDR loans $143,723 $184,656 $240,992 $138,918 $252,510
Total accruing TDR loans:
Consumer real estate $506,640 $478,262 $433,078 $337,401 $252,510
Commercial 120,871 144,508 98,448 48,838 –
Leasing and equipment finance 1,021 1,050 776 – –
Inventory finance 4,212 ––––
Other 93 38–––
Total accruing TDR loans $632,837 $623,858 $532,302 $386,239 $252,510
Non-accrual TDR loans:
Consumer real estate $134,487 $173,587 $ 46,728 $ 30,511 $ 15,416
Commercial 26,209 92,311 83,154 17,487 9,586
Leasing and equipment finance 2,447 2,794 979 1,284 –
Auto finance 470 101 – – –
Other 1––––
Total non-accrual TDR loans $163,614 $268,793 $130,861 $ 49,282 $ 25,002
Total TDR loans:
Consumer real estate $641,127 $651,849 $479,806 $367,912 $267,926
Commercial 147,080 236,819 181,602 66,325 9,586
Leasing and equipment finance 3,468 3,844 1,755 1,284 –
Inventory finance 4,212 ––––
Auto finance 470 101 – – –
Other 94 38–––
Total TDR loans $796,451 $892,651 $663,163 $435,521 $277,512
Over 60-day delinquency as a percentage of total accruing TDR
loans 1.28% 4.34% 5.69% 4.64% 2.48%
TCF modifies loans through forgiveness of interest or reductions in interest rates, extension of payment dates, or term
extensions with reduction of contractual payments, but generally not through reductions of principal.
If TCF has not granted a concession as a result of the modification, compared with the original terms, the loan is not considered a
TDR loan. Modifications involving a concession that are not classified as TDR loans primarily include interest rate changes to
current market rates for similarly situated borrowers who have access to alternative funds. Loan modifications to borrowers who
are not experiencing financial difficulties are not included in the previous reporting of loan modifications. Loan modifications to
troubled borrowers are not reported as TDR loans in the calendar years after modification if the loans were modified to an interest
rate equal to or greater than the yields of new loan originations with comparable risk at the time of restructuring and the loan is
performing based on the restructured terms.
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