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Press Release

TCF Reports Record Second Quarter Earnings and EPS ($.53, up 13 percent)

Company Release - 7/20/2005 8:30 AM ET

WAYZATA, Minn.--(BUSINESS WIRE)--July 20, 2005--TCF Financial Corporation (TCF) (NYSE:TCB):

    SECOND QUARTER HIGHLIGHTS

    --  Record diluted earnings per share of 53 cents

    --  Record net income of $70.6 million

    --  Return on average assets of 2.22 percent

    --  Record return on average common equity of 30.23 percent

    --  Average Power Assets(R) increased $1.1 billion, or 15 percent

    --  Average Power Liabilities(R) increased $571.9 million, or 7
        percent

    --  Increased checking accounts by 36,094 to 1,595,001 accounts

    --  Opened six new branches during the quarter; 132 new branches
        since January 2000

EARNINGS SUMMARY
($ in thousands, except per-share data)

                         Three Months               Six Months
                        Ended June 30,            Ended June 30,
                   ------------------------ --------------------------
                     2005     2004   Change   2005      2004    Change
                   -------- -------- ------ --------- --------- ------
Net income         $70,641  $65,218    8.3% $134,106  $125,879    6.5%
Diluted earnings
 per common share      .53      .47   12.8      1.00       .91    9.9

Financial Ratios
------------------
Return on average
 assets               2.22%    2.20%            2.13%     2.15%
Return on average
 common equity       30.23    27.68            28.74     26.82
Net interest
 margin               4.53     4.53             4.54      4.52

TCF Financial Corporation (TCF) (NYSE:TCB) today reported record diluted earnings per share of 53 cents for the second quarter of 2005, compared with 47 cents for the same period of 2004. Net income for the second quarter of 2005 was a record $70.6 million, compared with $65.2 million for the same period of 2004. For the second quarter of 2005, return on average assets ("ROA") was 2.22 percent and return on average common equity ("ROE") was a record 30.23 percent, compared with 2.20 percent and 27.68 percent, respectively, for the second quarter of 2004.

Chairman's Statement

"TCF's earnings in the second quarter are the result of our long-term strategy of growing high quality Power Assets(R) and Power Liabilities(R) through new branch and product expansion," said William A. Cooper, Chairman and CEO. "During the second quarter, Power Asset and Power Liability growth remained strong and net checking account growth has significantly improved from recent quarters. Our commitment to new branch and product expansion was evident with the opening of six new branches and the introduction of our new TCF Miles Plus Business Check Card(SM)," said Cooper.

Total Revenue

                                    Three Months
($ in thousands)                   Ended June 30,
                                 -------------------
                                   2005      2004    $ Change % Change
                                 --------- --------- -------- --------

Net interest income              $131,285  $122,419   $8,866      7.2%
                                 --------- --------- --------
Fees and other revenue:
  Fees and service charges         65,824    73,116   (7,292)   (10.0)
  Card revenue                     19,717    16,024    3,693     23.0
  ATM revenue                      10,795    11,138     (343)    (3.1)
  Investments and insurance
   revenue                          2,791     3,430     (639)   (18.6)
                                 --------- --------- --------
    Total banking fees and other
     revenue                       99,127   103,708   (4,581)    (4.4)
  Leasing and equipment finance    11,092    12,245   (1,153)    (9.4)
  Mortgage banking (1)                216     5,495   (5,279)   (96.1)
  Other                             2,833     1,845      988     53.6
                                 --------- --------- --------
    Total fees and other revenue  113,268   123,293  (10,025)    (8.1)
                                 --------- --------- --------
  Gains on sales of securities
   available for sale               4,437         -    4,437    100.0
                                 --------- --------- --------
      Total non-interest income  $117,705  $123,293  $(5,588)    (4.5)
                                 --------- --------- --------
        Total revenue            $248,990  $245,712   $3,278      1.3
                                 ========= ========= ========

Net interest margin                  4.53%     4.53%
Fees and other revenue as a % of
 total revenue                      45.49     50.18
Fees and other revenue as a % of
 average assets (2)                  3.57      4.16

----------------------------------------------------------------------
(1) Beginning in 2005, TCF's mortgage banking business no longer
    originates or sells loans. See page 10 for additional information.
(2) Annualized.

Net Interest Income

TCF's net interest income in the second quarter of 2005 was $131.3 million, up $8.9 million, or 7 percent, from the second quarter of 2004 and up $2.2 million, or 2 percent, from the first quarter of 2005. Net interest margin in the second quarter of 2005 was 4.53 percent, flat with the second quarter last year and down slightly from 4.56 percent in the first quarter of 2005. The increase in net interest income from the second quarter of 2004 was primarily driven by increases in average Power Assets and Power Liabilities, partially offset by relatively more expensive funding costs due to the mix in funding sources supporting the net growth in assets and the effect of a flattening yield curve.

Non-interest Income

Total non-interest income in the second quarter of 2005 was $117.7 million, down $5.6 million, or 5 percent, from the second quarter of 2004 primarily due to declines in fees and service charges, mortgage banking, and leasing and equipment finance revenues, partially offset by higher card revenues and gains on sales of securities.

Fees and service charges decreased $7.3 million, or 10 percent, from the second quarter of 2004. "Banking fee growth, primarily deposit fees, have been a challenge for the banking industry and TCF," said Cooper. "TCF continues to monitor these trends, review its procedures and make adjustments. TCF is focusing on growth in the number of checking accounts to increase future fee revenue. Fees and service charges were up $8.8 million or 15.4 percent from the first quarter of 2005."

Card revenues totaled $19.7 million for the second quarter of 2005, up 23 percent over the same period in 2004. The increase was primarily attributable to a 20 percent increase in customer transaction volumes.

Leasing and equipment finance revenues were $11.1 million for the second quarter of 2005, down $1.2 million, or 9 percent, from the 2004 second quarter primarily due to lower sales-type lease revenues, partially offset by higher operating lease and other revenues. Sales type revenues may fluctuate from quarter to quarter based on customer driven factors not within the control of TCF.

During the second quarter of 2005, TCF took advantage of market conditions and sold $441.5 million of mortgage-backed securities and realized gains of $4.4 million. There were no sales in the second quarter of 2004. For the six months ended June 30, 2005, TCF sold $907.5 million of mortgage-backed securities and realized gains of $9.7 million, compared to sales of $854 million and realized gains of $12.7 million for the comparable 2004 period.

New Branch Expansion

TCF opened six new branches during the second quarter of 2005, comprised of three traditional branches, two supermarket branches and one campus branch. TCF has now opened 132 new branches since January 2000. TCF plans to open 21 new branches in the remainder of 2005, consisting of 14 traditional branches, five supermarket branches and two campus branches, bringing the total number of new branch openings in 2005 to 28.

                                   June 30,    June 30,   December 31,
(# of branches)                      2005        2004         1999
                                  ----------- ----------- ------------

Total Branches
--------------
Minnesota                                102         100           82
Illinois                                 197         192          150
Wisconsin                                 34          34           31
Michigan                                  61          57           64
Colorado                                  35          22           10
Indiana                                    6           6            1
                                  ----------- ----------- ------------
                                         435         411          338
                                  =========== =========== ============


New Branches(a)
---------------
   Traditional                            57          40
   Supermarket                            74          64
   Campus                                  1           -
                                  ----------- -----------
     Total                               132         104
                                  ----------- -----------
         % of Total Branches              30%         25%
                                  =========== ===========


----------------------------------------------------------------------
(a)  New branches opened since January 1, 2000.

Additional information regarding the results of TCF's new branches opened since January 1, 2000 is summarized as follows:

                                 At or For the
                              Three Months Ended
                                   June 30,
                              -------------------
($ in thousands)                2005      2004     Change    % Change
                              --------- --------- --------- ----------

Number of checking accounts    238,850   177,530    61,320       34.5%
Average deposits:
  Checking                    $359,063  $237,866  $121,197       51.0
  Savings                      234,850   137,657    97,193       70.6
  Money market                  24,537    21,902     2,635       12.0
                              --------- --------- ---------
    Subtotal                   618,450   397,425   221,025       55.6
  Certificates of deposit      186,870    54,389   132,481        N.M.
                              --------- --------- ---------
    Total deposits            $805,320  $451,814  $353,506       78.2
                              ========= ========= =========

Total deposit fees and other
 revenue                       $17,219   $13,414    $3,805       28.4
                              ========= ========= =========

----------------------------------------------------------------------
N.M. Not meaningful.

Power Assets(R)

TCF's Power Asset lending operations continue to generate strong growth. TCF's average consumer loan balances increased $772.4 million, or 20 percent; average commercial real estate loan balances increased $214.5 million, or 11 percent; and leasing and equipment finance average balances increased $126.5 million, or 10 percent, from the second quarter of 2004.

                        Average Balances for the
                           Three Months Ended
                                June 30,
                        -------------------------
($ in thousands)            2005        2004       Change    % Change
                        ------------ ----------- ----------- ---------
Loans and leases(a):
 Consumer home equity
  and other
   Home equity:
    First mortgage lien  $3,079,471  $2,619,201    $460,270      17.6%
     Junior lien          1,563,102   1,246,063     317,039      25.4
                        ------------ ----------- -----------
      Total consumer
       home equity        4,642,573   3,865,264     777,309      20.1
   Other                     34,012      38,930      (4,918)    (12.6)
                        ------------ ----------- -----------
      Total consumer
       home equity and
       other              4,676,585   3,904,194     772,391      19.8
 Commercial real estate   2,200,008   1,985,498     214,510      10.8
 Commercial business        432,923     428,602       4,321       1.0
 Leasing and equipment
  finance                 1,412,520   1,285,989     126,531       9.8
                        ------------ ----------- -----------
      Power Assets       $8,722,036  $7,604,283  $1,117,753      14.7
                        ============ =========== ===========

(a) Excludes residential real estate loans, loans held for sale and
    operating leases.

Power Liabilities(R)

"Growth in Power Liabilities continues to be driven by TCF's new Premier Checking, Premier Savings and Plus eChecking products, along with strong growth in certificates of deposit," said Cooper. Average Power Liabilities totaled $8.4 billion for the second quarter of 2005, with an average interest rate of .98 percent. Average Power Liabilities increased $571.9 million, or 7 percent, from the second quarter of 2004. The total number of checking accounts was 1,595,001 at June 30, 2005, up 92,145 accounts, or 6 percent, from June 30, 2004 and up 59,849 accounts, or 8 percent (annualized) from December 31, 2004.

                          Average Balances for
                         the Three Months Ended
                                June 30,
                         -----------------------
($ in thousands)            2005        2004      Change     % Change
                         ----------- ----------- ---------   ---------
Non-interest bearing
 deposits:
 Retail                  $1,589,015  $1,538,051   $50,964         3.3%
 Small business             571,701     492,305    79,396        16.1
 Commercial and custodial   311,463     383,630   (72,167)      (18.8)
                         ----------- ----------- ---------
   Total non-interest
    bearing deposits      2,472,179   2,413,986    58,193         2.4
Interest-bearing
 deposits:
 Premier checking           580,093     151,801   428,292         N.M.
 Other checking           1,075,421   1,175,623  (100,202)       (8.5)
                         ----------- ----------- ---------
   Subtotal               1,655,514   1,327,424   328,090        24.7
 Premier savings            345,567      31,949   313,618         N.M.
 Other savings            1,603,720   1,806,267  (202,547)      (11.2)
                         ----------- ----------- ---------
   Subtotal               1,949,287   1,838,216   111,071         6.0
 Money market               633,762     799,485  (165,723)      (20.7)
                         ----------- ----------- ---------
   Subtotal               4,238,563   3,965,125   273,438         6.9
 Certificates of deposit  1,707,919   1,467,654   240,265        16.4
                         ----------- ----------- ---------
   Total interest-bearing
    deposits              5,946,482   5,432,779   513,703         9.5
                         ----------- ----------- ---------
   Power Liabilities     $8,418,661  $7,846,765  $571,896         7.3
                         =========== =========== =========

Total checking, savings
 and money market
 balances                $6,710,742  $6,379,111  $331,631         5.2
Number of checking
 accounts, period-end     1,595,001   1,502,856    92,145         6.1
Average rate on deposits        .98%        .49%       49 bps     N/A

----------------------------------------------------------------------
N.M. Not meaningful.

Borrowings

Average total borrowings were $3 billion for the second quarter of 2005, down $94.5 million from the first quarter of 2005. This decrease was primarily due to the increase in average Power Liabilities of $309.3 million exceeding the growth in average interest-earning assets of $183 million. The weighted average rate for borrowings was 3.76 percent for the second quarter of 2005, compared with 3.13 percent for the second quarter of 2004 and 3.46 percent for the first quarter of 2005.

    Residential Real Estate Loans and Securities Available for Sale

Average balances of residential real estate loans and securities available for sale (consisting primarily of mortgage-backed securities) totaled $2.6 billion for the second quarter of 2005, a decrease of $103.4 million from the second quarter of 2004. The residential real estate loans consist of first mortgage loans originated by TCF's mortgage banking operations. TCF no longer originates any new loans in its mortgage banking business so this portfolio will continue to decline from normal amortization and prepayments. At June 30, 2005, the unrealized pre-tax gain on TCF's securities available for sale portfolio was $2.5 million.

             Average Balances and Yields
             for the Three Months Ended           Change from
($ in    ----------------------------------- ----------------------
 thou-    June 30,    March 31,   June 30,   March 31,    June 30,
 sands)     2005        2005        2004       2005         2004
         ----------- ----------- ----------- ---------   ----------
Securities
 available
 for
 sale    $1,646,986  $1,663,412   1,546,694  $(16,426)    $100,292
Residen-
 tial real
 estate
 loans      919,379     984,764   1,123,062   (65,385)    (203,683)
         ----------- ----------- ----------- ---------   ----------
   Total $2,566,365  $2,648,176  $2,669,756  $(81,811)   $(103,391)
         =========== =========== =========== =========   ==========

Yield          5.37%       5.37%       5.47%        - bps      (10)bps

Non-interest Expense

Non-interest expense totaled $150.2 million for the 2005 second quarter, up $6.3 million, or 4 percent, from $143.9 million for the 2004 second quarter. Compensation and employee benefits increased $2.4 million, or 3 percent, from the second quarter of 2004, of which $1.7 million related to new branches opened during the past 12 months offset by a $3.2 million decrease for mortgage banking. Occupancy and equipment expenses increased $1.4 million, or 6 percent, from the second quarter of 2004, primarily related to costs associated with new branches opened during the past 12 months. Deposit losses decreased $1.6 million from the second quarter of 2004, due to lower incidents and increased customer restitution from improved collection and customer retention activities. Other expenses increased $3.9 million, or 13 percent, from the second quarter of 2004, primarily driven by a $1.8 million increase in foreclosed real estate expenses due to recoveries on property sales in 2004, a $1.3 million increase in operating lease depreciation expense in the leasing businesses and a $944 thousand increase in card processing and issuance expenses related to the overall increase in card revenues.

                                    Three Months Ended
                                         June 30,           Change
                                    ------------------- --------------
($ in thousands)                      2005      2004       $      %
                                    --------- --------- ------- ------

Compensation and employee benefits   $81,973   $79,597  $2,376    3.0%
Occupancy and equipment               24,771    23,397   1,374    5.9
Advertising and promotions             6,778     6,498     280    4.3
Deposit losses                         3,775     5,350  (1,575) (29.4)
Other                                 32,950    29,064   3,886   13.4
                                    --------- --------- -------
  Total non-interest expense        $150,247  $143,906  $6,341    4.4
                                    ========= ========= =======

Credit Quality

At June 30, 2005, TCF's allowance for loan and lease losses totaled $76.4 million, or .78 percent of loans and leases, compared with $80 million, or .90 percent, at June 30, 2004. The provision for credit losses for the second quarter of 2005 was $1.4 million, compared with $3.1 million for the second quarter of 2004 or a decrease of $1.7 million primarily due to improvements in commercial loan credit quality. Net loan and lease charge-offs were $1.9 million, or .08 percent (annualized) of average loans and leases, in the 2005 second quarter, down from $2.1 million, or .10 percent (annualized), for the same period of 2004. "Our emphasis on secured lending has contributed to TCF's continued solid credit quality," said Cooper, "and our credit quality continues to rank among the best in the industry." At June 30, 2005, TCF's over-30-day delinquency rate was .33 percent, down from .44 percent at June 30, 2004. Non-accrual loans and leases were $41.7 million, or .43 percent of net loans and leases, at June 30, 2005, compared with $36.8 million, or .41 percent, at June 30, 2004. Total non-performing assets were $59 million at June 30, 2005, up from $56.6 million at June 30, 2004, while the percentage of total non-performing assets to total assets remained the same at .47 percent. The increase in non-accrual loans and leases was primarily due to placing the Delta Airlines, Inc. ("Delta") leveraged lease on non-accrual status in the third quarter of 2004, partially offset by lower commercial real estate non-accrual loans. Although Delta is current on its payments related to this transaction, if Delta declares bankruptcy, it could result in the charge-off of all or part of TCF's $18.8 million gross investment in the leveraged lease and the current payment of previously deferred income tax obligations.

                               Three Months Ended   Six Months Ended
                                    June 30,            June 30,
                               ------------------  ------------------
($ in thousands)                 2005      2004      2005      2004
                               --------  --------  --------  --------
Allowance for loan and lease
 losses:
  Balance at beginning of
   period                      $76,883   $79,054   $79,878   $76,619
    Net (charge-offs)
     recoveries:
      Consumer home equity and
       other                    (1,016)     (719)   (2,325)   (1,293)
      Commercial real estate         3        15       (34)       48
      Commercial business           31        16     2,468       (57)
      Leasing and equipment
       finance                    (911)   (1,378)   (1,525)   (1,272)
      Residential real estate      (11)      (33)      (47)      (41)
                               --------  --------  --------  --------
        Total                   (1,904)   (2,099)   (1,463)   (2,615)
    Provision for credit losses  1,427     3,070    (2,009)    4,230
    Acquired allowance               -         -         -     1,791
                               --------  --------  --------  --------
  Balance at end of period     $76,406   $80,025   $76,406   $80,025
                               ========  ========  ========  ========

  Key Indicators:
  ---------------
   Allowance for loans and
    leases as a percentage of
    total loans and leases         .78 %     .90 %

   Annualized net charge-offs
    as a percentage of average
    loans and leases               .08 %     .10 %     .03 %     .06 %

    Period-end allowance as a
     multiple of annualized net
     charge-offs                  10.0 X     9.5 X    26.1 X    15.3 X

    Income before income taxes
     and provision for loan
     losses as a multiple of
     net charge-offs              51.9 X    48.5 X   131.1 X    74.5 X

Mortgage Banking

At June 30, 2005, TCF's mortgage servicing portfolio totaled $3.8 billion and the mortgage servicing rights asset totaled $39.9 million, or 1.05 percent of the related servicing portfolio, down from $4.8 billion and $51.3 million, respectively, at June 30, 2004. During the second quarter of 2005, TCF recorded a $1 million impairment charge to the mortgage servicing rights asset. The following table summarizes the components of mortgage banking revenues.

                                  Three Months Ended
                                       June 30,
                                  ------------------
($ in thousands)                    2005      2004    Change  % Change
                                  --------- -------- -------- --------

Servicing income                    $3,604   $4,339    $(735)  (16.9)%
Less mortgage servicing rights:
 Amortization                        2,564    3,242     (678)   (20.9)
 Impairment                          1,000        -    1,000    100.0
                                  --------- -------- --------
     Net servicing income               40    1,097   (1,057)   (96.4)
Gains on sales of loans (a)              -    3,873   (3,873)  (100.0)
Other income                           176      525     (349)   (66.5)
                                  --------- -------- --------
   Total mortgage banking revenue     $216   $5,495  $(5,279)   (96.1)
                                  ========= ======== ========

----------------------------------------------------------------------
(a) Beginning in 2005, TCF's mortgage banking business no longer
    originates or sells loans.

Income Taxes

TCF's income tax expense was $26.7 million for the second quarter of 2005, or 27.41 percent of income before income tax expense, compared with $33.5 million, or 33.95 percent, for the comparable 2004 period. The lower effective income tax rate in the second quarter of 2005 compared with the second quarter of 2004 is primarily due to a $5.2 million adjustment related to the clarification of existing tax legislation as well as a slight reduction in the expected 2005 annual effective income tax rate.

Capital

During the second quarter of 2005, TCF's Board of Directors authorized another program for the repurchase of up to five percent of the Company's outstanding common stock, or 6.7 million shares. This program is in addition to the existing program for repurchasing shares announced in July 2003. During the second quarter of 2005, TCF repurchased 1,250,000 shares of its common stock at an average cost of $25.44 per share. TCF has 7.1 million shares remaining in its stock repurchase program authorized by its Board of Directors. Since 1997, TCF has repurchased 57.3 million shares of its stock, at an average cost of $18.08 per share.

($ in thousands, except per-share      At June 30,    At December 31,
 data)                                     2005             2004
                                     ---------------- ----------------

Stockholders' equity                 $954,557         $958,418
Stockholders' equity to total assets     7.57%            7.77%
Book value per common share             $7.12            $6.99

Total risk-based capital             $998,270  10.80% $958,900  10.88%
Total risk-based capital "well-
 capitalized" requirement            $923,968  10.00% $881,481  10.00%
Excess risk-based capital over "well-
 capitalized" requirement             $74,302    .80%  $77,419    .88%

Website Information

A live webcast of TCF's conference call to discuss second quarter earnings will be hosted at TCF's website, www.TCFExpress.com, on July 20, 2005 at 10:00 a.m., CDT. Additionally, the webcast is available for replay at TCF's website after the conference call. The website also includes free access to company news releases, TCF's annual report, quarterly reports, investor presentations and SEC filings.

TCF is a Wayzata, Minnesota-based national financial holding company with $12.6 billion in assets. TCF has 435 banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance, securities brokerage, and investments and insurance sales.

Forward-looking Information

This earnings release and other reports issued by the Company, including reports filed with the SEC, may contain "forward-looking" statements that deal with future results, plans or performance. In addition, TCF's management may make such statements orally to the media, or to securities analysts, investors or others. Forward-looking statements deal with matters that do not relate strictly to historical facts. TCF's future results may differ materially from historical performance and forward-looking statements about TCF's expected financial results or other plans are subject to a number of risks and uncertainties. These include but are not limited to possible legislative changes and adverse economic, business and competitive developments such as shrinking interest margins; deposit outflows; ability to increase the number of checking accounts and the possibility that deposit account losses (fraudulent checks, etc.) may increase; reduced demand for financial services and loan and lease products; adverse developments affecting TCF's supermarket banking relationships or any of the supermarket chains in which TCF maintains supermarket branches; changes in accounting standards or interpretations of existing standards, or monetary, fiscal or tax policies of the federal or state governments; adverse findings in tax audits; changes in credit and other risks posed by TCF's loan, lease and investment portfolios, including declines in commercial or residential real estate values or a bankruptcy filing by Delta Airlines, the lessee under a leveraged lease in which TCF holds an equity interest; imposition of vicarious liability on TCF as lessor in its leasing operations; denial of insurance coverage for claims made by TCF; technological, computer-related or operational difficulties; adverse changes in securities markets; the risk that TCF could be unable to effectively manage the volatility of its mortgage servicing portfolio, which could adversely affect earnings; and results of litigation or other significant uncertainties. Investors should consult TCF's Annual Report to Shareholders and reports on Forms 10-K, 10-Q and 8-K for additional important information about the Company.

              TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF INCOME
            (Dollars in thousands, except per-share data)
                             (Unaudited)


                                 Three Months Ended
                                      June 30,
                                 -------------------
                                   2005      2004    $ Change % Change
                                 --------- --------- -------- --------
Interest income:
  Loans and leases               $155,014  $128,141  $26,873     21.0%
  Securities available for sale    21,325    20,413      912      4.5
  Loans held for sale               2,566     3,340     (774)   (23.2)
  Investments                       1,094       895      199     22.2
                                 --------- --------- --------
    Total interest income         179,999   152,789   27,210     17.8
                                 --------- --------- --------
Interest expense:
  Deposits                         20,646     9,474   11,172    117.9
  Borrowings                       28,068    20,896    7,172     34.3
                                 --------- --------- --------
    Total interest expense         48,714    30,370   18,344     60.4
                                 --------- --------- --------
      Net interest income         131,285   122,419    8,866      7.2
Provision for credit losses         1,427     3,070   (1,643)   (53.5)
                                 --------- --------- --------
    Net interest income after
     provision for
     credit losses                129,858   119,349   10,509      8.8
                                 --------- --------- --------
Non-interest income:
  Fees and service charges         65,824    73,116   (7,292)   (10.0)
  Card revenue                     19,717    16,024    3,693     23.0
  ATM revenue                      10,795    11,138     (343)    (3.1)
  Investments and insurance
   revenue                          2,791     3,430     (639)   (18.6)
                                 --------- --------- --------
    Subtotal                       99,127   103,708   (4,581)    (4.4)
  Leasing and equipment finance    11,092    12,245   (1,153)    (9.4)
  Mortgage banking                    216     5,495   (5,279)   (96.1)
  Other                             2,833     1,845      988     53.6
                                 --------- --------- --------
    Fees and other revenue        113,268   123,293  (10,025)    (8.1)
  Gains on sales of securities
   available for sale               4,437         -    4,437    100.0
                                 --------- --------- --------
      Total non-interest income   117,705   123,293   (5,588)    (4.5)
                                 --------- --------- --------
Non-interest expense:
  Compensation and employee
   benefits                        81,973    79,597    2,376      3.0
  Occupancy and equipment          24,771    23,397    1,374      5.9
  Advertising and promotions        6,778     6,498      280      4.3
  Deposit losses                    3,775     5,350   (1,575)   (29.4)
  Other                            32,950    29,064    3,886     13.4
                                 --------- --------- --------
    Total non-interest expense    150,247   143,906    6,341      4.4
                                 --------- --------- --------
      Income before income tax
       expense                     97,316    98,736   (1,420)    (1.4)
Income tax expense                 26,675    33,518   (6,843)   (20.4)
                                 --------- --------- --------
      Net income                  $70,641   $65,218   $5,423      8.3
                                 ========= ========= ========

Net income per common share:
  Basic                              $.53      $.47     $.06     12.8
                                 ========= ========= ========
  Diluted                            $.53      $.47     $.06     12.8
                                 ========= ========= ========

Dividends declared per common
 share                             $.2125    $.1875    $.025     13.3
                                 ========= ========= ========

Average common and common
 equivalent shares outstanding
 (in thousands):
    Basic                         132,410   137,503   (5,093)    (3.7)
                                 ========= ========= ========
    Diluted                       132,742   138,127   (5,385)    (3.9)
                                 ========= ========= ========



              TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF INCOME
            (Dollars in thousands, except per-share data)
                             (Unaudited)


                                  Six Months Ended
                                      June 30,
                                 -------------------
                                   2005      2004    $ Change % Change
                                 --------- --------- -------- --------
Interest income:
  Loans and leases               $301,558  $253,414  $48,144     19.0%
  Securities available for sale    42,820    40,745    2,075      5.1
  Loans held for sale               4,820     6,181   (1,361)   (22.0)
  Investments                       2,146     1,668      478     28.7
                                 --------- --------- --------
    Total interest income         351,344   302,008   49,336     16.3
                                 --------- --------- --------
Interest expense:
  Deposits                         36,584    20,013   16,571     82.8
  Borrowings                       54,422    41,083   13,339     32.5
                                 --------- --------- --------
    Total interest expense         91,006    61,096   29,910     49.0
                                 --------- --------- --------
      Net interest income         260,338   240,912   19,426      8.1
Provision for credit losses        (2,009)    4,230   (6,239)     N.M.
                                 --------- --------- --------
    Net interest income after
     provision for credit losses  262,347   236,682   25,665     10.8
                                 --------- --------- --------
Non-interest income:
  Fees and service charges        122,855   132,775   (9,920)    (7.5)
  Card revenue                     37,359    29,515    7,844     26.6
  ATM revenue                      20,527    21,135     (608)    (2.9)
  Investments and insurance
   revenue                          5,644     6,892   (1,248)   (18.1)
                                 --------- --------- --------
    Subtotal                      186,385   190,317   (3,932)    (2.1)
  Leasing and equipment finance    21,785    22,412     (627)    (2.8)
  Mortgage banking                  1,358     8,950   (7,592)   (84.8)
  Other                            10,649     4,073    6,576    161.5
                                 --------- --------- --------
    Fees and other revenue        220,177   225,752   (5,575)    (2.5)
  Gains on sales of securities
   available for sale               9,676    12,717   (3,041)   (23.9)
                                 --------- --------- --------
      Total non-interest income   229,853   238,469   (8,616)    (3.6)
                                 --------- --------- --------
Non-interest expense:
  Compensation and employee
   benefits                       163,424   158,476    4,948      3.1
  Occupancy and equipment          50,150    46,887    3,263      7.0
  Advertising and promotions       13,025    12,408      617      5.0
  Deposit losses                    7,436     9,528   (2,092)   (22.0)
  Other                            64,323    57,313    7,010     12.2
                                 --------- --------- --------
    Total non-interest expense    298,358   284,612   13,746      4.8
                                 --------- --------- --------
      Income before income tax
       expense                    193,842   190,539    3,303      1.7
Income tax expense                 59,736    64,660   (4,924)    (7.6)
                                 --------- --------- --------
      Net income                 $134,106  $125,879   $8,227      6.5
                                 ========= ========= ========

Net income per common share:
  Basic                             $1.01      $.91     $.10     11.0
                                 ========= ========= ========
  Diluted                           $1.00      $.91     $.09      9.9
                                 ========= ========= ========

Dividends declared per common
 share                              $.425     $.375     $.05     13.3
                                 ========= ========= ========

Average common and common
 equivalent shares outstanding
 (in thousands):
    Basic                         133,196   137,743   (4,547)    (3.3)
                                 ========= ========= ========
    Diluted                       133,563   138,341   (4,778)    (3.5)
                                 ========= ========= ========

N.M.  Not meaningful.



              TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
            CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
            (Dollars in thousands, except per-share data)
                             (Unaudited)

                                                       % Change from
                    At           At           At      ----------------
                 June 30,   December 31,   June 30,   Dec 31, June 30,
                   2005         2004         2004      2004     2004
               ------------ ------------ ------------ ------- --------

ASSETS

Cash and due
 from banks       $361,158     $359,798     $357,227      .4%     1.1%
Investments        104,127      103,226       94,567      .9     10.1
Securities
 available for
 sale            1,406,575    1,619,941    1,588,372   (13.2)   (11.4)
Loans held for
 sale              213,227      154,279      359,387    38.2    (40.7)
Loans and leases:
 Consumer home
  equity and
  other          4,808,003    4,418,588    4,024,994     8.8     19.5
 Commercial
  real estate    2,202,752    2,154,396    1,997,449     2.2     10.3
 Commercial
  business         447,958      424,135      445,314     5.6       .6
 Leasing and
  equipment
  finance        1,419,868    1,375,372    1,309,164     3.2      8.5
               ------------ ------------ ------------
  Subtotal       8,878,581    8,372,491    7,776,921     6.0     14.2
 Residential
  real estate      884,141    1,014,166    1,091,678   (12.8)   (19.0)
               ------------ ------------ ------------
  Total loans
   and leases    9,762,722    9,386,657    8,868,599     4.0     10.1
 Allowance for
  loan and
  lease losses     (76,406)     (79,878)     (80,025)   (4.3)    (4.5)
               ------------ ------------ ------------
  Net loans and
   leases        9,686,316    9,306,779    8,788,574     4.1     10.2
Premises and
 equipment         339,619      326,667      305,052     4.0     11.3
Goodwill           152,599      152,599      152,599       -        -
Mortgage
 servicing
 rights             39,936       46,442       51,290   (14.0)   (22.1)
Other assets       303,659      270,836      245,795    12.1     23.5
               ------------ ------------ ------------
               $12,607,216  $12,340,567  $11,942,863     2.2      5.6
               ============ ============ ============

LIABILITIES AND
 STOCKHOLDERS'
 EQUITY

Deposits:
 Checking       $4,019,685   $3,905,987   $3,607,692     2.9     11.4
 Savings         2,046,068    1,927,872    1,945,675     6.1      5.2
 Money market      629,731      659,686      768,394    (4.5)   (18.0)
               ------------ ------------ ------------
  Subtotal       6,695,484    6,493,545    6,321,761     3.1      5.9
 Certificates
  of deposit     1,728,842    1,468,650    1,439,896    17.7     20.1
               ------------ ------------ ------------
  Total
   deposits      8,424,326    7,962,195    7,761,657     5.8      8.5
               ------------ ------------ ------------
Short-term
 borrowings      1,045,582    1,056,111      869,576    (1.0)    20.2
Long-term
 borrowings      1,899,047    2,048,492    2,065,870    (7.3)    (8.1)
               ------------ ------------ ------------
  Total
   borrowings    2,944,629    3,104,603    2,935,446    (5.2)      .3
Accrued
 expenses
 and other
 liabilities       283,704      315,351      306,608   (10.0)    (7.5)
               ------------ ------------ ------------
  Total
   liabilities  11,652,659   11,382,149   11,003,711     2.4      5.9
               ------------ ------------ ------------
Stockholders'
 equity:
 Common stock,
  par value $.01
  per share,
  280,000,000
  shares
  authorized;
  184,425,478;
  184,939,094
  and
  184,991,948
  shares issued      1,844        1,849          925     (.3)    99.4
 Additional
  paid-in
  capital          496,910      518,741      517,538    (4.2)    (4.0)
 Retained
  earnings,
  subject to
  certain
  restrictions   1,462,393    1,385,760    1,308,265     5.5     11.8
 Accumulated                                             N.M.     N.M.
  other
  comprehensive
  income (loss)      1,601       (1,415)     (14,663)
 Treasury stock
  at cost,
  50,301,984;
  47,752,934
  and
  45,416,640
  shares, and
  other         (1,008,191)    (946,517)    (872,913)    6.5     15.5
               ------------ ------------ ------------
   Total stock-
    holders'
    equity         954,557      958,418      939,152     (.4)     1.6
               ------------ ------------ ------------
               $12,607,216  $12,340,567  $11,942,863     2.2      5.6
               ============ ============ ============

N.M.  Not meaningful.



              TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
                         CREDIT QUALITY DATA
                        (Dollars in thousands)
                             (Unaudited)


Allowance for loan and lease losses:
------------------------------------

                                   At or For the Six Months Ended
                                            June 30, 2005
                               ---------------------------------------
                                                      Net Charge-offs
                                           Allowance  (Recoveries) (1)
                                           as a % of  ----------------
                                Allowance  Portfolio      $       %
                               ----------- ---------- --------- ------
 Consumer home equity and other   $15,783        .33%   $2,325    .10%
 Commercial real estate            20,448        .93        34      -
 Commercial business                7,100       1.58    (2,468) (1.17)
 Leasing and equipment finance     32,435       2.28     1,525    .22
 Unallocated (2)                        -          -         -      -
                               -----------            ---------
   Subtotal                        75,766        .85     1,416    .03
 Residential real estate              640        .07        47    .01
                               -----------            ---------
   Total                          $76,406        .78    $1,463    .03
                               ===========            =========


                                      At or For the Year Ended
                                          December 31, 2004
                               ---------------------------------------
                                           Allowance  Net Charge-offs
                                           as a % of  ----------------
                                Allowance  Portfolio      $       %
                               ----------- ---------- --------- ------
 Consumer home equity and other    $9,939        .22%   $3,232    .08%
 Commercial real estate            20,742        .96       476    .02
 Commercial business                7,696       1.81       153    .04
 Leasing and equipment finance     24,566       1.79     5,545    .43
 Unallocated (2)                   16,139          -         -      -
                               -----------            ---------
   Subtotal                        79,082        .94     9,406    .12
 Residential real estate              796        .08        73    .01
                               -----------            ---------
   Total                          $79,878        .85    $9,479    .11
                               ===========            =========


Non-performing assets:                                  Change from
----------------------       At       At       At    -----------------
                          June 30, Dec. 31, June 30, Dec. 31, June 30,
                            2005     2004     2004     2004     2004
                          -------- -------- -------- -------- --------

 Non-accrual loans and
  leases:
   Consumer home equity
    and other             $10,324  $12,187  $11,718  $(1,863) $(1,394)
   Commercial real estate       -    1,093    6,750   (1,093)  (6,750)
   Commercial business      2,660    4,533    3,490   (1,873)    (830)
   Leasing and equipment
    finance                26,485   25,678   10,912      807   15,573
   Residential real
    estate                  2,230    3,387    3,886   (1,157)  (1,656)
                          -------- -------- -------- -------- --------
     Total non-accrual
      loans and leases     41,699   46,878   36,756   (5,179)   4,943
 Other real estate owned:
   Residential real
    estate                 12,479   11,726   10,790      753    1,689
   Commercial real estate   4,799    5,465    9,078     (666)  (4,279)
                          -------- -------- -------- -------- --------
     Total other real
      estate owned         17,278   17,191   19,868       87   (2,590)
                          -------- -------- -------- -------- --------
   Total non-performing
    assets                $58,977  $64,069  $56,624  $(5,092)  $2,353
                          ======== ======== ======== ======== ========


Over 30-day
 delinquency
 data (3):
-----------    At June 30,       At December 31,       At June 30,
                  2005                2004                2004
           ------------------- ------------------- -------------------
           Principal   % of    Principal   % of    Principal   % of
            Balances Portfolio  Balances Portfolio  Balances Portfolio
           --------- --------- --------- --------- --------- ---------
 Consumer
  home
  equity
  and other $16,406       .34%  $15,436       .35%  $15,078       .38%
 Commercial
  real
  estate        663       .03        32         -       101       .01
 Commercial
  business      292       .07       404       .10       383       .09
 Leasing
  and
  equipment
  finance     6,069       .44     8,997       .67    15,774      1.22
 Residential
  real
  estate      8,617       .98     9,516       .94     7,597       .70
           ---------           ---------           ---------
   Total    $32,047       .33   $34,385       .37   $38,933       .44
           =========           =========           =========


Potential Problem Loans
 and Leases (4):
-----------------------                                Change from
                           At       At       At    -------------------
                        June 30, Dec. 31, June 30,  Dec. 31,  June 30,
                          2005     2004     2004     2004      2004
                        -------- -------- -------- --------- ---------
 Commercial real estate $29,256  $34,138  $28,052   $(4,882)   $1,204
 Commercial business     21,997   18,112   14,999     3,885     6,998
 Leasing and equipment
  finance                 8,855   18,816   32,754    (9,961)  (23,899)
                        -------- -------- -------- --------- ---------
                        $60,108  $71,066  $75,805  $(10,958) $(15,697)
                        ======== ======== ======== ========= =========

(1) Annualized.
(2) In the second quarter of 2005, TCF refined its allowance for loan
    and lease losses allocation methodology resulting in the
    allocation of the entire allowance for loan and lease losses to
    the individual loan and lease portfolios. This change allocates
    the previous unallocated portion of the allowance for loan and
    lease losses.
(3) Excludes non-accrual loans and leases.
(4) Consists of loans and leases primarily classified for regulatory
    purposes as substandard and reflect the distinct possibility, but
    not probability, that they will become non-performing or that TCF
    will not be able to collect all amounts due according to the
    contractual terms of the loan or lease agreement.



              TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
        CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES
                        (Dollars in thousands)
                             (Unaudited)


                            Three Months Ended June 30,
             ---------------------------------------------------------
                         2005                         2004
             ---------------------------- ----------------------------
                                   Yields                       Yields
                                     and                          and
               Average              Rates   Average              Rates
               Balance    Interest   (1)    Balance    Interest   (1)
             ------------ -------- ------ ------------ -------- ------

ASSETS

 Investments    $101,305    $1,094  4.33%    $157,591      $895  2.28%
 Securities
  available
  for sale     1,646,986    21,325  5.18    1,546,694    20,413  5.28
 Loans held
  for sale       213,279     2,566  4.83      385,193     3,340  3.49
 Loans and
  leases:
  Consumer
   home equity
   - variable
   rate        2,594,538    43,806  6.77    2,363,947    31,420  5.35
  Consumer
   home equity
   - fixed
   rate        2,048,035    34,323  6.72    1,501,317    26,184  7.01
  Consumer -
   other          34,012       779  9.19       38,930       805  8.32
             ------------ ---------       ------------ ---------
   Total
    consumer
    home
    equity
    and other  4,676,585    78,908  6.77    3,904,194    58,409  6.02
  Commercial
   real estate
   - variable
   rate          834,876    11,903  5.72      767,681     7,766  4.07
  Commercial
   real estate
   - fixed and
   adjustable
   rate        1,365,132    20,910  6.14    1,217,817    18,932  6.25
             ------------ ---------       ------------ ---------
   Total
    commercial
    real
    estate     2,200,008    32,813  5.98    1,985,498    26,698  5.41
  Commercial
   business -
   variable
   rate          359,269     4,978  5.56      341,803     3,157  3.71
  Commercial
   business -
   fixed and
   adjustable
   rate           73,654     1,056  5.75       86,799     1,201  5.57
             ------------ ---------       ------------ ---------
   Total
    commercial
    business     432,923     6,034  5.59      428,602     4,358  4.09
  Leasing and
   equipment
   finance     1,412,520    24,133  6.83    1,285,989    22,610  7.03
             ------------ ---------       ------------ ---------
   Subtotal    8,722,036   141,888  6.52    7,604,283   112,075  5.92
  Residential
   real
   estate        919,379    13,126  5.71    1,123,062    16,066  5.73
             ------------ ---------       ------------ ---------
   Total
    loans and
    leases     9,641,415   155,014  6.44    8,727,345   128,141  5.90
             ------------ ---------       ------------ ---------

    Total
     interest-
     earning
     assets   11,602,985   179,999  6.22   10,816,823   152,789  5.67
             ------------ ---------       ------------ ---------

 Other assets  1,099,048                    1,039,455
             ------------                 ------------

  Total
   assets    $12,702,033                  $11,856,278
             ============                 ============

LIABILITIES AND
 STOCKHOLDERS' EQUITY

 Non-interest
  bearing
  deposits:
  Retail      $1,589,015                   $1,538,051
  Small
   business      571,701                      492,305
  Commercial
   and
   custodial     311,463                      383,630
             ------------                 ------------
   Total non-
    interest
    bearing
    deposits   2,472,179                    2,413,986
 Interest-
  bearing
  deposits:
  Premier
   checking      580,093     2,950  2.04      151,801       446  1.18
  Other
   checking    1,075,421       561   .21    1,175,623       252   .09
             ------------ ---------       ------------ ---------
   Subtotal    1,655,514     3,511   .85    1,327,424       698   .21
  Premier
   savings       345,567     2,160  2.51       31,949       108  1.36
  Other
   savings     1,603,720     2,137   .53    1,806,267     1,471   .33
             ------------ ---------       ------------ ---------
   Subtotal    1,949,287     4,297   .88    1,838,216     1,579   .35
  Money
   market        633,762     1,564   .99      799,485       727   .37
             ------------ ---------       ------------ ---------
   Subtotal    4,238,563     9,372   .89    3,965,125     3,004   .30
  Certificates
   of deposit  1,707,919    11,274  2.65    1,467,654     6,470  1.77
             ------------ ---------       ------------ ---------
   Total
    interest-
    bearing
    deposits   5,946,482    20,646  1.39    5,432,779     9,474   .70
             ------------ ---------       ------------ ---------

    Total
     deposits  8,418,661    20,646   .98    7,846,765     9,474   .49
             ------------ ---------       ------------ ---------

 Borrowings:
  Short-term
   borrowings    920,471     6,908  3.01      669,938     2,115  1.27
  Long-term
   borrowings  2,075,264    21,160  4.09    2,017,232    18,781  3.74
             ------------ ---------       ------------ ---------
    Total
     borrow-
     ings      2,995,735    28,068  3.76    2,687,170    20,896  3.13
             ------------ ---------       ------------ ---------

  Total
   deposits
   and
   borrowings 11,414,396    48,714  1.71   10,533,935    30,370  1.16
             ------------ ---------       ------------ ---------

 Other
  liabilities    352,861                      379,965
             ------------                 ------------

  Total
   liabil-
   ities      11,767,257                   10,913,900

 Stockholders'
  equity         934,776                      942,378
             ------------                 ------------

  Total
   liabilities
   and stock-
   holders'
   equity    $12,702,033                  $11,856,278
             ============                 ============


Net interest
 income and
 margin                   $131,285  4.53%              $122,419  4.53%
                          ========= =====              ========= =====

(1) Annualized.



              TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
        CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES
                        (Dollars in thousands)
                             (Unaudited)


                             Six Months Ended June 30,
             ---------------------------------------------------------
                         2005                         2004
             ---------------------------- ----------------------------
                                   Yields                       Yields
                                     and                          and
               Average             Rates    Average             Rates
               Balance    Interest   (1)    Balance    Interest   (1)
             ------------ -------- ------ ------------ -------- ------

ASSETS

 Investments    $103,643    $2,146  4.17%    $149,681    $1,668  2.24%
 Securities
  available
  for sale     1,655,154    42,820  5.17    1,533,034    40,745  5.32
 Loans held
  for sale       210,371     4,820  4.62      372,215     6,181  3.34
 Loans and
  leases:
  Consumer
   home equity
   - variable
   rate        2,647,837    86,531  6.59    2,289,460    61,413  5.39
  Consumer
   home equity
   - fixed
   rate        1,902,409    63,467  6.73    1,475,572    51,673  7.04
  Consumer -
   other          35,023     1,564  9.01       40,096     1,629  8.17
             ------------ ---------       ------------ ---------
   Total
    consumer
    home
    equity
    and other  4,585,269   151,562  6.67    3,805,128   114,715  6.06
  Commercial
   real estate
   - variable
   rate          838,009    22,772  5.48      755,222    15,339  4.08
  Commercial
   real estate
   - fixed and
   adjustable
   rate        1,346,251    40,977  6.14    1,208,774    37,882  6.30
             ------------ ---------       ------------ ---------
   Total
    commercial
    real
    estate     2,184,260    63,749  5.89    1,963,996    53,221  5.45
  Commercial
   business -
   variable
   rate          345,986     9,095  5.30      337,244     6,205  3.70
  Commercial
   business -
   fixed and
   adjustable
   rate           74,307     2,100  5.70       90,969     2,494  5.51
             ------------ ---------       ------------ ---------
   Total
    commercial
    business     420,293    11,195  5.37      428,213     8,699  4.09
  Leasing and
   equipment
   finance     1,401,094    47,924  6.84    1,240,112    43,478  7.01
             ------------ ---------       ------------ ---------
   Subtotal    8,590,916   274,430  6.43    7,437,449   220,113  5.95
  Residential
   real
   estate        951,891    27,128  5.71    1,158,248    33,301  5.76
             ------------ ---------       ------------ ---------
   Total
    loans and
    leases     9,542,807   301,558  6.36    8,595,697   253,414  5.92
             ------------ ---------       ------------ ---------

    Total
     interest-
     earning
     assets   11,511,975   351,344  6.14   10,650,627   302,008  5.69
             ------------ ---------       ------------ ---------

 Other assets  1,086,604                    1,040,334
             ------------                 ------------

  Total
   assets    $12,598,579                  $11,690,961
             ============                 ============

LIABILITIES AND
 STOCKHOLDERS' EQUITY

 Non-interest
  bearing
  deposits:
  Retail      $1,580,426                   $1,505,911
  Small
   business      559,448                      474,676
  Commercial
   and
   custodial     312,543                      354,242
             ------------                 ------------
   Total non-
    interest
    bearing
    deposits   2,452,417                    2,334,829
 Interest-
  bearing
  deposits:
  Premier
   checking      520,073     5,055  1.96      100,493       642  1.28
  Other
   checking    1,082,442       924   .17    1,157,152       465   .08
             ------------ ---------       ------------ ---------
   Subtotal    1,602,515     5,979   .75    1,257,645     1,107   .18
  Premier
   savings       313,725     3,811  2.45       15,975       108  1.36
  Other
   savings     1,605,131     3,782   .48    1,807,703     3,205   .36
             ------------ ---------       ------------ ---------
   Subtotal    1,918,856     7,593   .80    1,823,678     3,313   .37
  Money
   market        640,442     2,635   .83      816,090     1,495   .37
             ------------ ---------       ------------ ---------
   Subtotal    4,161,813    16,207   .79    3,897,413     5,915   .31
  Certificates
   of deposit  1,650,619    20,377  2.49    1,523,881    14,098  1.86
             ------------ ---------       ------------ ---------
   Total
    interest-
    bearing
    deposits   5,812,432    36,584  1.27    5,421,294    20,013   .74
             ------------ ---------       ------------ ---------

    Total
     deposits  8,264,849    36,584   .89    7,756,123    20,013   .52
             ------------ ---------       ------------ ---------

 Borrowings:
  Short-term
   borrowings    947,512    12,988  2.76      702,707     4,465  1.28
  Long-term
   borrowings  2,095,205    41,434  3.99    1,914,870    36,618  3.84
             ------------ ---------       ------------ ---------
    Total
     borrow-
     ings      3,042,717    54,422  3.60    2,617,577    41,083  3.16
             ------------ ---------       ------------ ---------

  Total
   deposits
   and
   borrowings 11,307,566    91,006  1.62   10,373,700    61,096  1.18
             ------------ ---------       ------------ ---------

 Other
  liabilities    357,727                      378,465
             ------------                 ------------

  Total
   liabil-
   ities      11,665,293                   10,752,165

 Stockholders'
  equity         933,286                      938,796
             ------------                 ------------

  Total
   liabilities
   and stock-
   holders'
   equity    $12,598,579                  $11,690,961
             ============                 ============


Net interest
 income and
 margin                   $260,338  4.54%              $240,912  4.52%
                          ========= =====              ========= =====

(1) Annualized.



              TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
   CONSOLIDATED QUARTERLY STATEMENTS OF INCOME AND FINANCIAL RATIOS
            (Dollars in thousands, except per-share data)
                             (Unaudited)


                                    Three Months Ended
                     -------------------------------------------------
                     Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,  Jun. 30,
                       2005      2005      2004      2004      2004
                     --------- --------- --------- --------- ---------
Interest income:
 Loans and leases    $155,014  $146,544  $140,469  $133,295  $128,141
 Securities
  available for sale   21,325    21,495    19,484    20,414    20,413
 Loans held for sale    2,566     2,254     2,421     2,931     3,340
 Investments            1,094     1,052     1,014       773       895
                     --------- --------- --------- --------- ---------
  Total interest
   income             179,999   171,345   163,388   157,413   152,789
                     --------- --------- --------- --------- ---------
Interest expense:
 Deposits              20,646    15,938    12,250    10,318     9,474
 Borrowings            28,068    26,354    24,649    22,605    20,896
                     --------- --------- --------- --------- ---------
  Total interest
   expense             48,714    42,292    36,899    32,923    30,370
                     --------- --------- --------- --------- ---------
   Net interest
    income            131,285   129,053   126,489   124,490   122,419
Provision for credit
 losses                 1,427    (3,436)    4,073     2,644     3,070
                     --------- --------- --------- --------- ---------
  Net interest
   income after
   provision for
   credit losses      129,858   132,489   122,416   121,846   119,349
                     --------- --------- --------- --------- ---------
Non-interest income:
 Fees and service
  charges              65,824    57,031    67,385    71,353    73,116
 Card revenue          19,717    17,642    17,609    16,339    16,024
 ATM revenue           10,795     9,732    10,326    11,474    11,138
 Investments and
  insurance revenue     2,791     2,853     2,609     3,057     3,430
                     --------- --------- --------- --------- ---------
  Subtotal             99,127    87,258    97,929   102,223   103,708
 Leasing and
  equipment finance    11,092    10,693    21,047     6,864    12,245
 Mortgage banking         216     1,142      (122)    4,132     5,495
 Other                  2,833     7,816     7,457     2,584     1,845
                     --------- --------- --------- --------- ---------
  Fees and other
   revenue            113,268   106,909   126,311   115,803   123,293
 Gains on sales of
  securities
  available for sale    4,437     5,239     6,204     3,679         -
                     --------- --------- --------- --------- ---------
   Total non-
    interest income   117,705   112,148   132,515   119,482   123,293
                     --------- --------- --------- --------- ---------
Non-interest expense:
 Compensation and
  employee benefits    81,973    81,451    86,338    78,010    79,597
 Occupancy and
  equipment            24,771    25,379    25,057    23,673    23,397
 Advertising and
  promotions            6,778     6,247     6,568     7,377     6,498
 Deposit losses         3,775     3,661     5,675     7,421     5,350
 Other                 32,950    31,373    30,758    31,445    29,064
                     --------- --------- --------- --------- ---------
  Total non-interest
   expense            150,247   148,111   154,396   147,926   143,906
                     --------- --------- --------- --------- ---------
   Income before
    income tax
    expense            97,316    96,526   100,535    93,402    98,736
Income tax expense     26,675    33,061    33,133    31,690    33,518
                     --------- --------- --------- --------- ---------
  Net income          $70,641   $63,465   $67,402   $61,712   $65,218
                     ========= ========= ========= ========= =========

Net income per
 common share:
 Basic                   $.53      $.47      $.50      $.45      $.47
                     ========= ========= ========= ========= =========
 Diluted                 $.53      $.47      $.50      $.45      $.47
                     ========= ========= ========= ========= =========

Dividends declared
 per common share      $.2125    $.2125    $.1875    $.1875    $.1875
                     ========= ========= ========= ========= =========

Financial Ratios:
-----------------

Return on average
 assets(1)               2.22%     2.03%     2.22%     2.06%     2.20%
Return on average
 common equity(1)       30.23     27.18     28.35     25.96     27.68
Net interest
 margin(1)               4.53      4.56      4.56      4.56      4.53
Net charge-offs
 (recoveries) as a
 percentage of
 average loans and
 leases(1)                .08      (.02)      .14       .17       .10
Average total equity
 to average assets       7.36      7.48      7.81      7.94      7.95

(1) Annualized.



              TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
   CONSOLIDATED QUARTERLY AVERAGE BALANCE SHEETS AND SUPPLEMENTAL
                              INFORMATION
                            (In thousands)
                             (Unaudited)


                                  Jun. 30,     Mar. 31,     Dec. 31,
                                    2005         2005         2004
                                ------------ ------------ ------------
ASSETS

Cash and due from banks            $331,110     $332,800     $350,497
Investments                         101,305      106,006      105,603
Securities available for sale     1,646,986    1,663,412    1,534,776
Loans held for sale                 213,279      207,430      254,617
Loans and leases:
  Consumer home equity -
   variable rate                  2,594,538    2,701,729    2,699,156
  Consumer home equity - fixed
   rate                           2,048,035    1,755,164    1,571,494
  Consumer - other                   34,012       36,046       37,403
                                ------------ ------------ ------------
    Total consumer home equity
     and other                    4,676,585    4,492,939    4,308,053
  Commercial real estate -
   variable rate                    834,876      841,176      805,219
  Commercial real estate - fixed
   and adjustable rate            1,365,132    1,327,160    1,288,793
                                ------------ ------------ ------------
    Total commercial real estate  2,200,008    2,168,336    2,094,012
  Commercial business - variable
   rate                             359,269      332,555      353,752
  Commercial business - fixed
   and adjustable rate               73,654       74,968       76,906
                                ------------ ------------ ------------
    Total commercial business       432,923      407,523      430,658
  Leasing and equipment finance   1,412,520    1,389,541    1,341,985
                                ------------ ------------ ------------
    Subtotal                      8,722,036    8,458,339    8,174,708
  Residential real estate           919,379      984,764    1,027,302
                                ------------ ------------ ------------
    Total loans and leases        9,641,415    9,443,103    9,202,010
  Allowance for loan and lease
   losses                           (76,774)     (79,918)     (79,502)
                                ------------ ------------ ------------
    Net loans and leases          9,564,641    9,363,185    9,122,508
Premises and equipment              333,614      328,336      322,492
Goodwill                            152,599      152,599      152,599
Mortgage servicing rights            42,218       45,101       49,746
Other assets                        316,281      295,107      276,498
                                ------------ ------------ ------------
                                $12,702,033  $12,493,976  $12,169,336
                                ============ ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
  Retail                         $1,589,015   $1,571,740   $1,493,344
  Small business                    571,701      547,060      557,103
  Commercial and custodial          311,463      313,635      332,228
                                ------------ ------------ ------------
    Total non-interest bearing
     deposits                     2,472,179    2,432,435    2,382,675
Interest-bearing deposits:
  Premier checking                  580,093      459,385      343,266
  Other checking                  1,075,421    1,089,541    1,106,934
                                ------------ ------------ ------------
    Subtotal                      1,655,514    1,548,926    1,450,200
  Premier savings                   345,567      281,529      198,769
  Other savings                   1,603,720    1,606,560    1,621,810
                                ------------ ------------ ------------
    Subtotal                      1,949,287    1,888,089    1,820,579
  Money market                      633,762      647,197      685,885
                                ------------ ------------ ------------
    Subtotal                      4,238,563    4,084,212    3,956,664
  Certificates of deposit         1,707,919    1,592,682    1,469,735
                                ------------ ------------ ------------
    Total interest-bearing
     deposits                     5,946,482    5,676,894    5,426,399
                                ------------ ------------ ------------
    Total deposits                8,418,661    8,109,329    7,809,074
                                ------------ ------------ ------------
Borrowings:
  Short-term borrowings             920,471      974,853    1,003,746
  Long-term borrowings            2,075,264    2,115,369    2,045,505
                                ------------ ------------ ------------
    Total borrowings              2,995,735    3,090,222    3,049,251
Accrued expenses and other
 liabilities                        352,861      360,362      360,004
                                ------------ ------------ ------------
    Total liabilities            11,767,257   11,559,913   11,218,329
                                ------------ ------------ ------------
Stockholders' equity:
  Common stock                        1,845        1,846        1,850
  Additional paid-in capital        497,810      503,762      518,012
  Retained earnings               1,431,903    1,394,163    1,360,169
  Accumulated other
   comprehensive loss                (1,992)      (4,139)        (527)
  Treasury stock at cost and
   other                           (994,790)    (961,569)    (928,497)
                                ------------ ------------ ------------
                                    934,776      934,063      951,007
                                ------------ ------------ ------------
                                $12,702,033  $12,493,976  $12,169,336
                                ============ ============ ============

Supplemental Information:
-------------------------
Securities available for sale    $1,646,986   $1,663,412   $1,534,776
Residential real estate loans       919,379      984,764    1,027,302
                                ------------ ------------ ------------
  Total securities available
   for sale and residential real
   estate loans                  $2,566,365   $2,648,176   $2,562,078
                                ============ ============ ============




                                 Sept. 30,     Jun. 30,
                                    2004         2004
                                ------------ ------------

ASSETS

Cash and due from banks            $351,383     $347,551
Investments                          94,910      157,591
Securities available for sale     1,545,768    1,546,694
Loans held for sale                 327,953      385,193
Loans and leases:
  Consumer home equity -
   variable rate                  2,547,648    2,363,947
  Consumer home equity - fixed
   rate                           1,512,853    1,501,317
  Consumer - other                   39,068       38,930
                                ------------ ------------
    Total consumer home equity
     and other                    4,099,569    3,904,194
  Commercial real estate -
   variable rate                    769,225      767,681
  Commercial real estate - fixed
   and adjustable rate            1,243,565    1,217,817
                                ------------ ------------
    Total commercial real estate  2,012,790    1,985,498
  Commercial business - variable
   rate                             344,871      333,463
  Commercial business - fixed
   and adjustable rate               95,139       95,139
                                ------------ ------------
    Total commercial business       440,010      428,602
  Leasing and equipment finance   1,320,495    1,285,989
                                ------------ ------------
    Subtotal                      7,872,864    7,604,283
  Residential real estate         1,076,619    1,123,062
                                ------------ ------------
    Total loans and leases        8,949,483    8,727,345
  Allowance for loan and lease
   losses                           (80,077)     (79,169)
                                ------------ ------------
    Net loans and leases          8,869,406    8,648,176
Premises and equipment              313,068      297,492
Goodwill                            152,599      152,599
Mortgage servicing rights            51,380       50,876
Other assets                        269,091      270,106
                                ------------ ------------
                                $11,975,558  $11,856,278
                                ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
  Retail                         $1,512,434   $1,538,051
  Small business                    525,466      492,305
  Commercial and custodial          329,329      383,630
                                ------------ ------------
    Total non-interest bearing
     deposits                     2,367,229    2,413,986
Interest-bearing deposits:
  Premier checking                  248,217      151,801
  Other checking                  1,140,098    1,175,623
                                ------------ ------------
    Subtotal                      1,388,315    1,327,424
  Premier savings                   109,681       31,949
  Other savings                   1,717,789    1,806,267
                                ------------ ------------
    Subtotal                      1,827,470    1,838,216
  Money market                      738,769      799,485
                                ------------ ------------
    Subtotal                      3,954,554    3,965,125
  Certificates of deposit         1,458,905    1,467,654
                                ------------ ------------
    Total interest-bearing
     deposits                     5,413,459    5,432,779
                                ------------ ------------
    Total deposits                7,780,688    7,846,765
                                ------------ ------------
Borrowings:
  Short-term borrowings             824,955      669,938
  Long-term borrowings            2,059,525    2,017,232
                                ------------ ------------
    Total borrowings              2,884,480    2,687,170
Accrued expenses and other
 liabilities                        359,488      379,965
                                ------------ ------------
    Total liabilities            11,024,656   10,913,900
                                ------------ ------------
Stockholders' equity:
  Common stock                        1,206          925
  Additional paid-in capital        517,020      516,990
  Retained earnings               1,318,461    1,282,080
  Accumulated other
   comprehensive loss                (2,781)     (11,666)
  Treasury stock at cost and
   other                           (883,004)    (845,951)
                                ------------ ------------
                                    950,902      942,378
                                ------------ ------------
                                $11,975,558  $11,856,278
                                ============ ============

Supplemental Information:
-------------------------
Securities available for sale    $1,545,768   $1,546,694
Residential real estate loans     1,076,619    1,123,062
                                ------------ ------------
  Total securities available
   for sale and residential real
   estate loans                  $2,622,387   $2,669,756
                                ============ ============



              TCF FINANCIAL CORPORATION
 AND SUBSIDIARIES
             CONSOLIDATED QUARTERLY YIELDS AND RATES (1)
                             (Unaudited)


                         Jun. 30, Mar. 31, Dec. 31, Sept. 30, Jun. 30,
                           2005     2005     2004     2004      2004
                         -------- -------- -------- --------- --------
ASSETS

 Investments                4.33%    4.01%    3.83%     3.25%    2.28%
 Securities available for
  sale                      5.18     5.17     5.08      5.28     5.28
 Loans held for sale        4.83     4.41     3.78      3.56     3.49
 Loans and leases:
   Consumer home equity -
    variable rate           6.77     6.41     6.00      5.57     5.35
   Consumer home equity -
    fixed rate              6.72     6.73     6.78      6.85     7.01
   Consumer - other         9.19     8.83     8.17      8.28     8.32
     Total consumer home
      equity and other      6.77     6.56     6.30      6.06     6.02
   Commercial real estate
    - variable rate         5.72     5.24     4.74      4.31     4.07
   Commercial real estate
    - fixed and
    adjustable rate         6.14     6.13     6.14      6.21     6.25
     Total commercial
      real estate           5.98     5.79     5.60      5.49     5.41
   Commercial business -
    variable rate           5.56     5.02     4.48      4.04     3.71
   Commercial business -
    fixed and adjustable
    rate                    5.75     5.65     5.77      5.50     5.57
     Total commercial
      business              5.59     5.14     4.71      4.32     4.09
   Leasing and equipment
    finance                 6.83     6.85     6.86      6.92     7.03
     Subtotal               6.52     6.34     6.13      5.96     5.92
   Residential real estate  5.71     5.70     5.69      5.72     5.73
     Total loans and
      leases                6.44     6.27     6.08      5.93     5.90

       Total interest-
        earning assets      6.22     6.06     5.87      5.75     5.67


LIABILITIES

 Interest-bearing
  deposits:
   Premier checking         2.04     1.86     1.65      1.32     1.18
   Other checking            .21      .14      .10       .07      .09
     Subtotal                .85      .65      .47       .29      .21
   Premier savings          2.51     2.38     2.20      1.81     1.36
   Other savings             .53      .42      .30       .31      .33
     Subtotal                .88      .71      .51       .40      .35
   Money market              .99      .67      .46       .38      .37
     Subtotal                .89      .68      .49       .36      .30
   Certificates of
    deposit                 2.65     2.32     2.01      1.84     1.77
     Total interest-
      bearing deposits      1.39     1.14      .90       .76      .70

       Total deposits        .98      .80      .62       .53      .49

 Borrowings:
   Short-term borrowings    3.01     2.53     2.04      1.47     1.27
   Long-term borrowings     4.09     3.88     3.80      3.78     3.74
     Total borrowings       3.76     3.46     3.22      3.12     3.13

       Total interest-
        bearing liabilities 1.71     1.53     1.35      1.23     1.16


Net interest margin         4.53%    4.56%    4.56%     4.56%    4.53%
                         ======== ======== ======== ========= ========

(1) Annualized.
    CONTACT: TCF Financial Corporation
, Wayzata
             Jason Korstange, 952-745-2755
             www.tcfexpress.com

    SOURCE: TCF Financial Corporation

The information that is on or available through this site speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. TCF Financial Corporation does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.