TCF Bank 2014 Annual Report Download - page 109

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Note 22. Business Segments
Lending, Funding and Support Services have been identified as reportable segments. Lending includes consumer real estate,
commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance. Funding
includes branch banking and treasury services. 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 each segment’s net income or loss. The business segments follow
GAAP as described in Note 1, Summary of Significant Accounting Policies. TCF generally accounts for inter-segment sales and
transfers at cost.
The following tables set forth certain information for each of TCF’s reportable segments, including a reconciliation of TCF’s
consolidated totals.
Support Eliminations
(In thousands) Lending Funding Services and Other(1) Consolidated
At or For the Year Ended December 31, 2014:
Net interest income $ 592,409 $ 226,327 $ 166 $ (3,273) $ 815,629
Provision for credit losses 92,800 2,937 – – 95,737
Non-interest income 211,166 220,568 140,779 (139,246) 433,267
Non-interest expense 426,290 434,141 147,549 (136,203) 871,777
Income tax expense (benefit) 102,398 3,722 (1,932) (4,422) 99,766
Income (loss) after income tax expense
(benefit) 182,087 6,095 (4,672) (1,894) 181,616
Income attributable to non-controlling
interest 7,429 – – – 7,429
Preferred stock dividends – – 19,388 – 19,388
Net income (loss) available to common
stockholders $ 174,658 $ 6,095 $ (24,060) $ (1,894) $ 154,799
Total assets $16,871,154 $6,488,853 $239,425 $(4,204,821) $19,394,611
Revenues from external customers:
Interest income $ 852,019 $ 22,210 $ – $ – $ 874,229
Non-interest income 211,166 220,506 1,595 – 433,267
Total $ 1,063,185 $ 242,716 $ 1,595 $ – $ 1,307,496
At or For the Year Ended December 31, 2013:
Net interest income $ 568,286 $ 237,289 $ 3 $ (2,954) $ 802,624
Provision for credit losses 115,408 2,960 – – 118,368
Non-interest income 168,387 235,238 136,584 (136,151) 404,058
Non-interest expense 401,326 442,557 139,864 (138,478) 845,269
Income tax expense (benefit) 76,663 9,750 8 (2,076) 84,345
Income (loss) after income tax expense (benefit) 143,276 17,260 (3,285) 1,449 158,700
Income attributable to non-controlling interest 7,032 – – – 7,032
Preferred stock dividends – – 19,065 – 19,065
Net income (loss) available to common
stockholders $ 136,244 $ 17,260 $ (22,350) $ 1,449 $ 132,603
Total assets $16,197,449 $7,862,779 $228,863 $(5,909,251) $18,379,840
Revenues from external customers:
Interest income $ 840,250 $ 24,290 $ – $ – $ 864,540
Non-interest income 168,387 235,185 486 – 404,058
Total $ 1,008,637 $ 259,475 $ 486 $ – $ 1,268,598
(1) Other includes the unallocated portion of pension and other postretirement benefits (expenses) attributable to the annual determination of
actuarial gains and losses.
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