TCF Bank 2014 Annual Report Download - page 110

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Support Eliminations
(In thousands) Lending Funding Services and Other(1) Consolidated
At or For the Year Ended December 31, 2012:
Net interest income $ 524,358 $ 258,283 $ 41 $ (2,663) $ 780,019
Provision for credit losses 245,355 2,088 – – 247,443
Non-interest income 138,514 338,895 140,784 (127,770) 490,423
Non-interest expense 367,172 969,805 152,677 (127,100) 1,362,554
Income tax expense (benefit) 13,272 (135,432) (7,790) (2,908) (132,858)
Income (loss) after income tax expense (benefit) 37,073 (239,283) (4,062) (425) (206,697)
Income attributable to non-controlling interest 6,187 – – – 6,187
Preferred stock dividends – – 5,606 – 5,606
Net income (loss) available to common
stockholders $ 30,886 $ (239,283) $ (9,668) $ (425) $ (218,490)
Total assets $15,694,693 $7,249,958 $148,513 $(4,867,247) $18,225,917
Revenues from external customers:
Interest income $ 842,718 $ 41,905 $ – $ – $ 884,623
Non-interest income 138,514 338,848 13,061 – 490,423
Total $ 981,232 $ 380,753 $ 13,061 $ – $ 1,375,046
(1) Other includes the unallocated portion of pension and other postretirement benefits (expenses) attributable to the annual determination of
actuarial gains and losses.
Note 23. Parent Company Financial Information
TCF Financial’s (parent company only) condensed statements of financial condition as of December 31, 2014 and 2013 and the
condensed statements of income and cash flows for the years ended December 31, 2014, 2013 and 2012 are as follows.
Condensed Statements of Financial Condition
At December 31,
(In thousands) 2014 2013
Assets:
Cash and cash equivalents $ 71,781 $ 62,775
Investment in bank subsidiary 2,037,781 1,863,563
Accounts receivable from bank subsidiary 13,862 21,706
Other assets 12,628 19,498
Total assets $2,136,052 $1,967,542
Liabilities and Equity:
Other liabilities $ 14,403 $ 14,574
Total liabilities 14,403 14,574
Equity 2,121,649 1,952,968
Total liabilities and equity $2,136,052 $1,967,542
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