TCF Bank 2015 Annual Report Download - page 91
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76
The average loan balance of impaired loans and interest income recognized on impaired loans during 2015 and 2014
are included within the table below.
Year Ended December 31,
2015 2014
(In thousands) Average Loan
Balance Interest Income
Recognized Average Loan
Balance Interest Income
Recognized
Impaired loans with an allowance recorded:
Consumer real estate:
First mortgage lien $ 112,698 $ 5,438 $ 311,458 $ 14,715
Junior lien 56,885 3,353 63,977 3,492
Total consumer real estate 169,583 8,791 375,435 18,207
Commercial:
Commercial real estate 27,355 852 63,099 2,349
Commercial business 17 —2,199 —
Total commercial 27,372 852 65,298 2,349
Leasing and equipment finance 7,758 18 8,247 58
Inventory finance 1,315 76 4,249 97
Auto finance 5,495 22 1,617 —
Other 50 292 7
Total impaired loans with an allowance recorded 211,573 9,761 454,938 20,718
Impaired loans without an allowance recorded:
Consumer real estate:
First mortgage lien 19,188 1,045 39,086 2,321
Junior lien 3,959 1,817 5,852 1,285
Total consumer real estate 23,147 2,862 44,938 3,606
Commercial:
Commercial real estate 40,828 1,957 65,167 2,973
Commercial business 2,033 52,946 94
Total commercial 42,861 1,962 68,113 3,067
Inventory finance 564 114 426 126
Auto finance 962 — 455 —
Total impaired loans without an allowance recorded 67,534 4,938 113,932 6,799
Total impaired loans $ 279,107 $ 14,699 $ 568,870 $ 27,517
Note 7. Premises and Equipment
Premises and equipment consisted of the following.
At December 31,
(In thousands) 2015 2014
Land $ 152,034 $ 152,418
Office buildings 281,462 276,943
Leasehold improvements 56,243 53,954
Furniture and equipment 315,869 312,628
Subtotal 805,608 795,943
Less: Accumulated depreciation and amortization 359,674 359,582
Total $ 445,934 $ 436,361
TCF leases certain premises and equipment under operating leases. Net lease expense was $35.1 million, $34.0
million and $35.4 million in 2015, 2014 and 2013, respectively.