TCF Bank 2014 Annual Report Download - page 85

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The average loan balance of impaired loans and interest income recognized on impaired loans during the years ended
December 31, 2014 and 2013 are included within the table below.
Year Ended December 31,
2014 2013
Average Loan Interest Income Average Loan Interest Income
(In thousands) Balance Recognized Balance Recognized
Impaired loans with an allowance recorded:
Consumer real estate:
First mortgage lien $311,458 $14,715 $481,292 $17,263
Junior lien 63,977 3,492 57,692 3,762
Total consumer real estate 375,435 18,207 538,984 21,025
Commercial:
Commercial real estate 63,099 2,349 99,177 3,193
Commercial business 2,199 – 10,060 70
Total commercial 65,298 2,349 109,237 3,263
Leasing and equipment finance 8,247 58 7,954 174
Inventory finance 4,249 97 4,114 158
Auto finance 1,617 – 154 2
Other 92 7 66 6
Total impaired loans with an allowance
recorded 454,938 20,718 660,509 24,628
Impaired loans without an allowance
recorded:
Consumer real estate:
First mortgage lien 39,086 2,321 92,268 2,305
Junior lien 5,852 1,285 15,236 1,682
Total consumer real estate 44,938 3,606 107,504 3,987
Commercial:
Commercial real estate 65,167 2,973 101,921 3,165
Commercial business 2,946 94 5,674 215
Total commercial 68,113 3,067 107,595 3,380
Inventory finance 426 126 ––
Auto finance 455 – 132 –
Total impaired loans without an allowance
recorded 113,932 6,799 215,231 7,367
Total impaired loans $568,870 $27,517 $875,740 $31,995
Note 7. Premises and Equipment
Premises and equipment consisted of the following.
At December 31,
(In thousands) 2014 2013
Land $152,418 $154,136
Office buildings 276,943 277,085
Leasehold improvements 53,954 54,069
Furniture and equipment 312,628 294,387
Subtotal 795,943 779,677
Less: Accumulated depreciation and amortization 359,582 342,075
Total $436,361 $437,602
TCF leases certain premises and equipment under operating leases. Net lease expense including utilities and other operating
expenses was $34.0 million, $35.4 million and $35.5 million in 2014, 2013 and 2012, respectively.
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