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Press Release

TCF Reports Record 2005 Annual Earnings and EPS ($2.00, up 7.5 percent)

Company Release - 1/18/2006 8:30 AM ET

WAYZATA, Minn.--(BUSINESS WIRE)--Jan. 18, 2006--TCF Financial Corporation (TCF) (NYSE:TCB):

    2005 YEAR-END HIGHLIGHTS

    --  Record diluted earnings per share of $2.00, up 7.5 percent

    --  Record net income of $265.1 million, up 4 percent

    --  Record return on average common equity of 28.03 percent

    --  Return on average assets of 2.08 percent

    --  Board declares quarterly dividend increase of 8.2 percent to
        23 cents per share

    --  Average Power Assets(R) increased $1.1 billion, or 14.5
        percent

    --  Average Power Liabilities(R) increased $704 million, or 9.1
        percent

    --  Increased checking accounts by 68,021, or 4.4 percent, to
        1,603,173

    --  Opened 28 new branches in 2005


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

                         Three Months                  Year
                      Ended December 31,        Ended December 31,
                   ------------------------ --------------------------
                     2005     2004   Change   2005      2004    Change
                   -------- -------- ------ --------- --------- ------
Net income         $65,540  $67,402  (2.8)% $265,132  $254,993   4.0 %
Diluted earnings
 per common share      .50      .50     -       2.00      1.86   7.5

Financial Ratios
-------------------
Return on average
 assets               2.01 %   2.22 %           2.08 %    2.15 %
Return on average
 common equity       27.09    28.35            28.03     27.02
Net interest margin   4.31     4.56             4.46      4.54

TCF Financial Corporation ("TCF") (NYSE:TCB) today reported record results for 2005. Diluted earnings per share was a record $2.00 for 2005, compared with $1.86 for 2004. Net income for 2005 was a record $265.1 million, up $10.1 million from 2004. For 2005, return on average assets ("ROA") was 2.08 percent and return on average common equity ("ROE") was 28.03 percent, compared with 2.15 percent and 27.02 percent, respectively, for 2004. Diluted earnings per share was 50 cents for the 2005 fourth quarter, unchanged from the same period of 2004. Net income was $65.5 million for the fourth quarter of 2005, compared with $67.4 million for the same period of 2004.

Dividend Increase

TCF's Board of Directors has announced, for the fifteenth consecutive year, an increase in the regular quarterly dividend to 23 cents per common share, effective for the first quarter of 2006. This represents an 8.2 percent increase over the 2005 quarterly dividend of 21.25 cents per common share. The dividend is payable on February 28, 2006 to common shareholders of record at the close of business on January 27, 2006. TCF's 10-year compounded dividend growth rate is the 6th highest among the 50 largest banks in the country.

Chief Executive Officer's Statement

"2005 was a challenging year for TCF. Despite a flat yield curve and the deposit service charge challenges facing the banking industry in 2005, TCF produced record results," said Lynn A. Nagorske, Chief Executive Officer. "TCF remains focused on its long-term strategies of high quality secured lending, targeted new branch expansion and product and service innovation," said Nagorske.

Total Revenue

                                     Three Months
($ in thousands)                  Ended December 31,
                                 --------------------            %
                                   2005      2004    $ Change  Change
                                 --------- --------- -------- --------
Net interest income              $129,282  $126,489   $2,793     2.2 %
                                 --------- --------- --------
Fees and other revenue:
 Fees and service charges          66,744    67,291     (547)    (.8)
 Card revenue                      21,419    17,609    3,810    21.6
 ATM revenue                        9,557    10,326     (769)   (7.4)
 Investments and insurance          2,339     2,609     (270)  (10.3)
                                 --------- --------- --------
  Total banking fees and
   other revenue                  100,059    97,835    2,224     2.3
 Leasing and equipment finance     15,405    21,047   (5,642)  (26.8)
 Mortgage banking (1)               3,238      (122)   3,360     N.M.
 Other                              6,324     7,455   (1,131)  (15.2)
                                 --------- --------- --------
  Total fees and other revenue    125,026   126,215   (1,189)    (.9)
                                 --------- --------- --------
 Gains on sales of securities           -     6,204   (6,204) (100.0)
                                 --------- --------- --------
   Total non-interest income      125,026   132,419   (7,393)   (5.6)
                                 --------- --------- --------
    Total revenue                $254,308  $258,908  $(4,600)   (1.8)
                                 ========= ========= ========

Net interest margin (2)              4.31%     4.56%
Fees and other revenue as a % of:
 Total revenue                      49.16     48.75
 Average assets (2)                  3.83      4.15


                                     Year Ended
($ in thousands)                     December 31,
                                  -------------------             %
                                    2005      2004    $ Change Change
                                  --------- --------- -------- -------

Net interest income               $517,690  $491,891  $25,799    5.2 %
                                  --------- --------- --------
Fees and other revenue:
 Fees and service charges          258,779   271,259  (12,480)  (4.6)
 Card revenue                       79,803    63,463   16,340   25.7
 ATM revenue                        40,730    42,935   (2,205)  (5.1)
 Investments and insurance          10,665    12,558   (1,893) (15.1)
                                  --------- --------- --------
  Total banking fees and
   other revenue                   389,977   390,215     (238)   (.1)
 Leasing and equipment finance      47,387    50,323   (2,936)  (5.8)
 Mortgage banking (1)                5,578    12,960   (7,382) (57.0)
 Other                              24,717    14,113   10,604   75.1
                                  --------- --------- --------
  Total fees and other revenue     467,659   467,611       48      -
                                  --------- --------- --------
Gains on sales of securities        10,671    22,600  (11,929) (52.8)
                                  --------- --------- --------
   Total non-interest income      $478,330  $490,211  (11,881)  (2.4)
                                  ========= ========= --------
    Total revenue                 $996,020  $982,102  $13,918    1.4
                                  ========= ========= ========

Net interest margin (2)               4.46%     4.54%
Fees and other revenue as a % of:
 Total revenue                       46.95     47.61
 Average assets (2)                   3.67      3.94

----------------------------------------------------------------------

(1) Beginning in 2005, TCF's mortgage banking business no longer
    originates or sells loans (see pages 11 and 12).
(2) Annualized.
N.M. Not meaningful.

Net Interest Income

TCF's net interest income in 2005 was $517.7 million, up $25.8 million, or 5.2 percent, from 2004. Net interest margin in 2005 was 4.46 percent, compared with 4.54 percent for 2004. The increase in net interest income in 2005 was primarily driven by increased average Power Assets, up $1.1 billion, partially offset by higher funding costs. Fixed- and adjustable-rate Power Assets increased $1.9 billion and variable-rate Power Assets decreased $842.9 million from 2004 due to changing customer preferences to lower cost fixed-rate loans. The increase in average Power Assets was funded primarily by a $704 million increase in average Power Liabilities and a $163.1 million increase in average borrowings. The weighted-average rate on Power Liabilities was 1.15 percent for 2005, up 60 basis points from 2004 and the weighted-average rate on borrowings was 3.96 percent, up 80 basis points from 2004.

TCF's net interest income in the fourth quarter of 2005 was $129.3 million, up $2.8 million, or 2.2 percent, from the fourth quarter of 2004 and up $1.2 million from the third quarter of 2005. Net interest margin in the fourth quarter of 2005 was 4.31 percent, compared with 4.56 percent last year and 4.43 percent in the third quarter of 2005. The decrease in the quarter's net interest margin from the fourth quarter of 2004 is primarily due to the average rates on interest-bearing liabilities increasing more than the average yields on interest-earning assets. During the fourth quarter of 2005, TCF purchased $400.4 million of mortgage-backed securities at a yield of 5.68 percent, which were funded by three- and five-year borrowings at a cost of 4.16 percent. These transactions contributed $1 million to net interest income during the fourth quarter and resulted in a reduction in the quarter's net interest margin of approximately seven basis points, as compared with the third quarter of 2005.

Non-interest Income

Total non-interest income was $478.3 million for 2005, down $11.9 million, or 2.4 percent, from 2004. Increases in card and other revenues were more than offset by lower fees and service charges, leasing and equipment finance revenues, mortgage banking revenues and gains on sales of mortgage-backed securities. Card revenues totaled $79.8 million for 2005, up $16.3 million, or 25.7 percent, from 2004 primarily attributable to an increase in customer transaction volumes and related fees.

During 2005, TCF sold $1 billion of mortgage-backed securities and realized gains of $10.7 million, compared with sales of $1.4 billion of mortgage-backed securities and gains of $22.6 million in 2004. Other revenue was $24.7 million for 2005, up $10.6 million from 2004, primarily due to $13.6 million of gains on sales of branch buildings in conjunction with our mature branch renovation program, the Michigan Bank headquarters building and one rural branch, partially offset by a decrease in gains on sales of education loans.

Total non-interest income in the fourth quarter of 2005 was $125 million, down $7.4 million, or 5.6 percent, from the fourth quarter of 2004 primarily due to declines in leasing and equipment finance revenues, reflecting the unusually high revenues last year, and lower gains on sales of mortgage-backed securities, partially offset by increased card revenue. Card revenues totaled $21.4 million for the fourth quarter of 2005, up 21.6 percent over the same period in 2004.

Leasing and equipment finance revenues were $15.4 million for the fourth quarter of 2005, down $5.6 million from the 2004 fourth quarter primarily due to lower sales-type revenues, partially offset by higher operating lease revenues. Sales-type revenues may fluctuate from quarter to quarter based on customer driven factors not within the control of TCF.

Other revenues were $6.3 million for the fourth quarter of 2005, down $1.1 million from the same period of 2004. This decrease was primarily due to a decrease in gains on sales of education loans, partially offset by gains on the sale of a rural branch and other branch buildings.

New Branch Expansion

TCF opened 28 new branches during 2005, including 18 traditional branches, seven supermarket branches, and three campus branches. TCF has now opened 153 new branches since January 2000, representing 34 percent of TCF's 453 total branches. During the fourth quarter of 2005, TCF opened 13 new branches consisting of nine traditional branches, three supermarket branches and one campus branch. TCF plans to open 24 new branches in 2006, consisting of 17 traditional branches, five supermarket branches, and two campus branches.

During the fourth quarter of 2005, TCF announced plans to enter the Phoenix, Arizona metropolitan area market. Initially, TCF plans to open several consumer loan production offices during 2006 with construction of retail branches to begin later in 2006 or early 2007. "The Arizona market has a growing population and excellent demographics. We are excited about the expansion opportunity Arizona presents," said Nagorske.

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

Total Branches
--------------
Minnesota                              105           101           82
Illinois                               202           197          150
Wisconsin                               35            34           31
Michigan                                63            60           64
Colorado                                42            32           10
Indiana                                  6             6            1
                               ------------ ------------- ------------
                                       453           430          338
                               ============ ============= ============


New Branches(a)
---------------
   Traditional                          71            53
   Supermarket                          79            72
   Campus                                3             -
                               ------------ -------------
     Total                             153           125
                               ------------ -------------
         % of Total Branches            34%           29%
                               ============ =============

----------------------------------------------------------------------
(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 Year
                                    Ended
                                 December 31,
                              -------------------
($ in thousands)                2005      2004     Change   % Change
                              --------- --------- --------- ---------

Number of checking accounts    266,512   206,229    60,283      29.2 %
Average deposits:
 Checking                     $371,440  $251,558  $119,882      47.7
 Savings                       248,675   135,888   112,787      83.0
 Money market                   25,849    20,873     4,976      23.8
                              --------- --------- ---------
  Subtotal                     645,964   408,319   237,645      58.2
 Certificates of deposit       211,465    56,614   154,851       N.M.
                              --------- --------- ---------
  Total deposits              $857,429  $464,933  $392,496      84.4
                              ========= ========= =========

Total fees and other revenue
  (quarter ended)              $18,657   $14,477    $4,180      28.9
                              ========= ========= =========
Total fees and other revenue
  (year ended)                 $68,220   $50,968   $17,252      33.8
                              ========= ========= =========
----------------------------------------------------------------------
N.M. Not meaningful.

Power Assets(R)

Average Power Assets grew $1.1 billion, or 14.5 percent, in 2005. "Consumer lending continued to drive Power Asset growth with a $784.2 million, or 19.6 percent, increase in average consumer loan balances over 2004," said Nagorske. TCF's average commercial loan balances increased $197.8 million, or 8.1 percent; and leasing and equipment finance average balances increased $137.3 million, or 10.7 percent, from 2004.

                         Average Balances for
                           the Year Ended
                             December 31,
                        -----------------------
($ in thousands)           2005        2004       Change    % Change
                        ----------- ----------- ----------- ---------
Loans and leases(a):
 Consumer home equity
  and other
  Home equity:
   First mortgage lien  $3,139,233  $2,663,819    $475,414      17.8 %
   Junior lien           1,615,741   1,302,578     313,163      24.0
                        ----------- ----------- -----------
     Total consumer home
      equity             4,754,974   3,966,397     788,577      19.9
  Other                     34,763      39,161      (4,398)    (11.2)
                        ----------- ----------- -----------
     Total consumer home
      equity and other   4,789,737   4,005,558     784,179      19.6
 Commercial real estate  2,212,839   2,008,943     203,896      10.1
 Commercial business       425,704     431,793      (6,089)     (1.4)
 Leasing and equipment
  finance                1,423,264   1,285,925     137,339      10.7
                        ----------- ----------- -----------
     Power Assets       $8,851,544  $7,732,219  $1,119,325      14.5
                        =========== =========== ===========

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

Power Liabilities(R)

Average Power Liabilities totaled $8.5 billion for 2005, an increase of $704 million, or 9.1 percent, from 2004. The increase is primarily driven by increases in Premier Checking of $443 million, Premier Savings of $341.6 million and certificates of deposit of $246.5 million, partially offset by declines in other interest-bearing checking, other savings and money market deposits. TCF increased checking accounts by 68,021, or 4.4 percent, in 2005 to 1,603,173 accounts.

                           Average Balances and
                            Rates for the Year
                            Ended December 31,
                          -----------------------
($ in thousands)             2005        2004      Change   % Change
                          ----------- ----------- --------- ---------
Non-interest bearing
 deposits:
 Retail                   $1,548,027  $1,504,392   $43,635       2.9 %
 Small business              585,860     508,162    77,698      15.3
 Commercial and custodial    311,497     342,446   (30,949)     (9.0)
                          ----------- ----------- ---------
  Total non-interest
   bearing deposits        2,445,384   2,355,000    90,384       3.8
Interest-bearing deposits:
 Premier checking            641,672     198,651   443,021       N.M.
 Other checking            1,026,017   1,140,242  (114,225)    (10.0)
                          ----------- ----------- ---------
   Subtotal                1,667,689   1,338,893   328,796      24.6
 Premier savings             427,070      85,478   341,592       N.M.
 Other savings             1,558,423   1,738,374  (179,951)    (10.4)
                          ----------- ----------- ---------
   Subtotal                1,985,493   1,823,852   161,641       8.9
 Money market                640,576     763,925  (123,349)    (16.1)
                          ----------- ----------- ---------
   Subtotal                4,293,758   3,926,670   367,088       9.3
 Certificates of deposit   1,740,440   1,493,938   246,502      16.5
                          ----------- ----------- ---------
   Total interest-bearing
    deposits               6,034,198   5,420,608   613,590      11.3
                          ----------- ----------- ---------
   Power Liabilities      $8,479,582  $7,775,608  $703,974       9.1
                          =========== =========== =========

Number of checking
 accounts, period-end      1,603,173   1,535,152    68,021       4.4

----------------------------------------------------------------------
N.M. Not meaningful.
    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 $2.5 billion for 2005, a decrease of $185.9 million from 2004. At December 31, 2005, the unrealized pre-tax loss on TCF's securities available for sale portfolio was $33.2 million.

                             Average Balances and
                              Yields for the Year
                               Ended December 31,         Change
                            ------------------------------------------
($ in thousands)               2005        2004         $        %
                            ----------- ----------- ---------- -------
Securities available for
 sale                       $1,569,808  $1,536,673    $33,135    2.2 %
Residential real estate
 loans                         885,735   1,104,814   (219,079) (19.8)
                            ----------- ----------- ----------
              Total         $2,455,543  $2,641,487  $(185,944)  (7.0)
                            =========== =========== ==========

Non-interest Expense

Non-interest expense totaled $610.6 million for 2005, a 4.1 percent increase from 2004. Compensation and employee benefits increased $3.7 million, or 1.1 percent, from 2004, primarily due to costs associated with new branch expansion, partially offset by decreases in mortgage banking and commissions and incentives. Occupancy and equipment expenses increased $8.3 million, or 8.7 percent, from 2004, primarily due to increased expenses associated with new branch expansion. Deposit account losses decreased $1.9 million, or 8.5 percent, from 2004, primarily due to lower uncollectable overdraft losses, partially offset by increased fraud losses. Operating lease depreciation increased $5.5 million from 2004, primarily driven by a $25.1 million increase in average operating lease balances in TCF's leasing and equipment finance subsidiaries. Other expenses totaled $126.7 million for 2005, up $9 million from 2004, primarily driven by a $3.1 million increase in card processing and issuance expenses related to the increase in card transactions and revenues, and a $2.4 million increase in net real estate expense as a result of net recoveries on sales of foreclosed properties in 2004.

Non-interest expense totaled $158.5 million for the 2005 fourth quarter, up $4.2 million, or 2.7 percent, from $154.3 million for the 2004 fourth quarter. Compensation and employee benefits decreased $3.6 million, or 4.2 percent, from the fourth quarter of 2004, primarily due to lower performance-related commissions and incentives expense. Occupancy and equipment expenses increased $2.8 million, or 11 percent, from the fourth quarter of 2004, due to increased expenses associated with new branch expansion. Deposit account losses increased $1 million, or 18.4 percent, from the fourth quarter of 2004, primarily due to higher fraud losses. Other expenses increased $3 million, or 10.1 percent, from the fourth quarter of 2004, primarily driven by an increase in net real estate expense due to net recoveries on sales of foreclosed properties in 2004, and a $671 thousand increase in card processing and issuance expenses related to the increase in card transactions and revenues.

                                  Three Months Ended
                                     December 31,          Change
                                  ------------------- ----------------
($ in thousands)                    2005      2004       $        %
                                  --------- --------- -------- -------

Compensation and employee
 benefits                          $82,700   $86,338  $(3,638)  (4.2)%
Occupancy and equipment             27,819    25,057    2,762   11.0
Advertising and promotions           6,088     6,568     (480)  (7.3)
Deposit account losses               6,607     5,580    1,027   18.4
Operating lease depreciation         2,164       700    1,464   N.M.
Other                               33,100    30,058    3,042   10.1
                                  --------- --------- --------
    Total non-interest expense    $158,478  $154,301   $4,177    2.7
                                  ========= ========= ========

                                      Year Ended
                                     December 31,          Change
                                  ------------------- ----------------
($ in thousands)                    2005      2004       $        %
                                  --------- --------- -------- -------

Compensation and employee
 benefits                         $326,526  $322,824   $3,702    1.1 %
Occupancy and equipment            103,900    95,617    8,283    8.7
Advertising and promotions          25,691    26,353     (662)  (2.5)
Deposit account losses              20,473    22,369   (1,896)  (8.5)
Operating lease depreciation         7,335     1,843    5,492    N.M.
Other                              126,663   117,673    8,990    7.6
                                  --------- --------- --------
    Total non-interest expense    $610,588  $586,679  $23,909    4.1
                                  ========= ========= ========

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

Credit Quality

At December 31, 2005, TCF's allowance for loan and lease losses totaled $60.4 million, or .59 percent of loans and leases, compared with $79.9 million, or .85 percent, at December 31, 2004. The provision for credit losses for 2005 was $5 million, down from $10.9 million for 2004, due to improved credit quality and a relatively large commercial loan recovery. Net loan and lease charge-offs in 2005 were $24.5 million, or .25 percent of average loans and leases, up from $9.5 million, or .11 percent in 2004. Net loan and lease charge-offs excluding the leveraged lease charge-off in the third quarter of 2005 were $5.7 million, or .06 percent of average loans and leases for 2005. Net loan and lease charge-offs in the fourth quarter of 2005 were $2.3 million, or .09 percent of average loans and leases, down from $3.2 million, or .14 percent in the same period of 2004. This decrease is primarily due to lower leasing and equipment finance net charge-offs due to improved credit quality, partially offset by slightly higher consumer loan net charge-offs.

At December 31, 2005, TCF's over-30-day delinquency rate was .43 percent, up from .37 percent at December 31, 2004. Non-accrual loans and leases were $29.6 million, or .29 percent of net loans and leases, at December 31, 2005, compared with $46.9 million, or .50 percent, at December 31, 2004. Total non-performing assets were $47.4 million, or .35 percent of total assets, at December 31, 2005, down from $64.1 million, or .52 percent, at December 31, 2004. The decrease in non-accrual loans and leases and non-performing assets was primarily due to the 2005 charge-off of the leveraged lease, partially offset by increases in consumer home equity loans in non-accrual status, mainly the result of changes in bankruptcy laws that occurred in October 2005.

                                    Three Months
                                        Ended          Year Ended
                                    December 31,      December 31,
                                  ----------------- -----------------
($ in thousands)                    2005     2004     2005     2004
                                  -------- -------- -------- --------
Allowance for loan and lease
 losses:
 Balance at beginning of period   $59,016  $78,976  $79,878  $76,619
   Net (charge-offs) recoveries:
    Consumer home equity and other (1,999)    (806)  (5,210)  (3,232)
    Commercial real estate             76        2        8     (476)
    Commercial business              (157)     (67)   2,173     (153)
    Leasing and equipment finance    (167)  (2,273) (21,384)  (5,545)
    Residential real estate           (10)     (27)     (91)     (73)
                                  -------- -------- -------- --------
      Total                        (2,257)  (3,171) (24,504)  (9,479)
  Provision for credit losses       3,637    4,073    5,022   10,947
  Acquired allowance                    -        -        -    1,791
                                  -------- -------- -------- --------
Balance at end of period          $60,396  $79,878  $60,396  $79,878
                                  ======== ======== ======== ========

Key Indicators:
---------------
 Annualized net charge-offs as a
  percentage of average loans and
  leases                              .09 %    .14 %    .25 %    .11 %

 Annualized net charge-offs as a
  percentage of average loans and
  leases - excluding the leveraged
  lease                               .09 %    .14 %    .06 %    .11 %

  Period-end allowance as a
   multiple of annualized net
   charge-offs                        6.7 X    6.3 X    2.5 X    8.4 X

  Income before income taxes and
   provision for loan losses as a
   multiple of net charge-offs       42.5 X   33.0 X   15.7 X   41.7 X

Mortgage Banking

At December 31, 2005, TCF's mortgage servicing portfolio totaled $3.4 billion and the mortgage servicing rights asset totaled $37.3 million, or 1.11 percent of the related servicing portfolio, down from $4.5 billion and $46.4 million, respectively, at December 31, 2004. During the fourth quarter of 2005, TCF recorded a $2 million impairment recovery driven by slowing prepayments and slower assumed prepayments in the mortgage servicing rights portfolio, as compared with a $2.5 million impairment charge for the same 2004 period. The following table summarizes the components of mortgage banking revenues.

                                      Three Months
                                          Ended
                                      December 31,       Change
                                     --------------- ---------------
($ in thousands)                      2005    2004      $       %
                                     ------- ------- ------- -------

Servicing income                     $3,171  $4,170   $(999)  (24.0)%
Less mortgage servicing rights:
 Amortization                         2,086   3,366  (1,280)  (38.0)
 (Recovery) impairment               (2,000)  2,500  (4,500) (180.0)
                                     ------- ------- -------
   Net servicing income               3,085  (1,696)  4,781     N.M.
Gains on sales of loans (a)               -   1,361  (1,361) (100.0)
Other income                            153     213     (60)  (28.2)
                                     ------- ------- -------
  Total                              $3,238   $(122) $3,360     N.M.
                                     ======= ======= =======

                                      Year Ended
                                     December 31,         Change
                                   ----------------- ----------------
($ in thousands)                     2005     2004      $        %
                                   -------- -------- -------- -------

Servicing income                   $13,998  $17,349  $(3,351)  (19.3)%
Less mortgage servicing rights:
 Amortization                       10,108   13,091   (2,983)  (22.8)
 (Recovery) impairment              (1,000)   1,500   (2,500) (166.7)
                                   -------- -------- --------
   Net servicing income              4,890    2,758    2,132    77.3
Gains on sales of loans (a)              -    8,107   (8,107) (100.0)
Other income                           688    2,095   (1,407)  (67.2)
                                   -------- -------- --------
 Total                              $5,578  $12,960  $(7,382)  (57.0)
                                   ======== ======== ========

----------------------------------------------------------------------
(a) Beginning in 2005, TCF's mortgage banking business no longer
    originates or sells loans.
N.M. Not meaningful.

Income Taxes

TCF's income tax expense was $115.3 million for 2005, or 30.3 percent of pre-tax income, compared with $129.5 million, or 33.7 percent, for 2004. The lower annual effective tax rate for 2005, compared with 2004, was primarily due to the closing of certain previous years' tax returns, clarification of existing state tax legislation and developments in income tax audits. TCF's income tax expense was $26.7 million for the fourth quarter of 2005, or 28.9 percent of pre-tax income, compared with $33.1 million, or 33 percent, for the comparable 2004 period. The lower effective tax rate for the fourth quarter of 2005, compared with the same 2004 period, is primarily due to the same items noted above.

Capital

TCF repurchased 3,450,000 shares of its common stock during 2005 at an average cost of $27.10 per share. TCF has 6.7 million shares remaining in its stock repurchase programs authorized by its Board of Directors.

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

Stockholders' equity               $998,472          $958,418
Stockholders' equity to total
 assets                                7.47 %            7.77 %
Book value per common share           $7.46             $6.99

Total risk-based capital         $1,049,615  10.68 % $958,900  10.88 %
Total risk-based capital "well-
 capitalized" requirement          $982,821  10.00 % $881,481  10.00 %
Excess risk-based capital over
 "well-capitalized" requirement     $66,794    .68 %  $77,419    .88 %

Website Information

A live webcast of TCF's conference call to discuss 2005 and fourth quarter earnings will be hosted at TCF's website, www.TCFExpress.com, on January 18, 2006 at 10:00 a.m., CT. 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 $13.4 billion in assets. TCF has 453 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; 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, including reductions in card revenues resulting from litigation brought by various merchants or merchant organizations against VISA, 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
                                  December 31,
                               -------------------
                                 2005      2004    $ Change % Change
                               --------- --------- -------- ---------
Interest income:
 Loans and leases              $171,436  $140,469  $30,967      22.0 %
 Securities available for sale   20,766    19,484    1,282       6.6
 Loans held for sale              3,342     2,421      921      38.0
 Investments                        841     1,014     (173)    (17.1)
                               --------- --------- --------
  Total interest income         196,385   163,388   32,997      20.2
                               --------- --------- --------
Interest expense:
 Deposits                        34,283    12,250   22,033     179.9
 Borrowings                      32,820    24,649    8,171      33.1
                               --------- --------- --------
  Total interest expense         67,103    36,899   30,204      81.9
                               --------- --------- --------
        Net interest income     129,282   126,489    2,793       2.2
Provision for credit losses       3,637     4,073     (436)    (10.7)
                               --------- --------- --------
  Net interest income after
   provision for credit losses  125,645   122,416    3,229       2.6
                               --------- --------- --------
Non-interest income:
 Fees and service charges        66,744    67,291     (547)      (.8)
 Card revenue                    21,419    17,609    3,810      21.6
 ATM revenue                      9,557    10,326     (769)     (7.4)
 Investments and insurance
  revenue                         2,339     2,609     (270)    (10.3)
                               --------- --------- --------
  Subtotal                      100,059    97,835    2,224       2.3
 Leasing and equipment finance   15,405    21,047   (5,642)    (26.8)
 Mortgage banking                 3,238      (122)   3,360       N.M.
 Other                            6,324     7,455   (1,131)    (15.2)
                               --------- --------- --------
  Fees and other revenue        125,026   126,215   (1,189)      (.9)
 Gains on sales of securities
  available for sale                  -     6,204   (6,204)   (100.0)
                               --------- --------- --------
        Total non-interest
         income                 125,026   132,419   (7,393)     (5.6)
                               --------- --------- --------
Non-interest expense:
 Compensation and employee
  benefits                       82,700    86,338   (3,638)     (4.2)
 Occupancy and equipment         27,819    25,057    2,762      11.0
 Advertising and promotions       6,088     6,568     (480)     (7.3)
 Deposit account losses           6,607     5,580    1,027      18.4
 Other                           35,264    30,758    4,506      14.6
                               --------- --------- --------
  Total non-interest expense    158,478   154,301    4,177       2.7
                               --------- --------- --------
        Income before income
         tax expense             92,193   100,534   (8,341)     (8.3)
Income tax expense               26,653    33,132   (6,479)    (19.6)
                               --------- --------- --------
        Net income              $65,540   $67,402  $(1,862)     (2.8)
                               ========= ========= ========

Net income per common share:
 Basic                             $.50      $.50       $-         -
                               ========= ========= ========
 Diluted                           $.50      $.50       $-         -
                               ========= ========= ========

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

Average common and common
 equivalent shares outstanding
 (in thousands):
  Basic                         131,447   134,760   (3,313)     (2.5)
                               ========= ========= ========
  Diluted                       131,816   135,610   (3,794)     (2.8)
                               ========= ========= ========


N.M.  Not meaningful.



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


                                  Year Ended
                                 December 31,
                              -------------------
                                2005      2004     $ Change % Change
                              --------- --------- --------- ---------
Interest income:
 Loans and leases             $636,172  $527,178  $108,994      20.7 %
 Securities available for sale  81,479    80,643       836       1.0
 Loans held for sale            10,921    11,533      (612)     (5.3)
 Investments                     3,450     3,455        (5)      (.1)
                              --------- --------- ---------
  Total interest income        732,022   622,809   109,213      17.5
                              --------- --------- ---------
Interest expense:
 Deposits                       97,406    42,581    54,825     128.8
 Borrowings                    116,926    88,337    28,589      32.4
                              --------- --------- ---------
  Total interest expense       214,332   130,918    83,414      63.7
                              --------- --------- ---------
      Net interest income      517,690   491,891    25,799       5.2
Provision for credit losses      5,022    10,947    (5,925)    (54.1)
                              --------- --------- ---------
  Net interest income after
   provision for credit losses 512,668   480,944    31,724       6.6
                              --------- --------- ---------
Non-interest income:
 Fees and service charges      258,779   271,259   (12,480)     (4.6)
 Card revenue                   79,803    63,463    16,340      25.7
 ATM revenue                    40,730    42,935    (2,205)     (5.1)
 Investments and insurance
  revenue                       10,665    12,558    (1,893)    (15.1)
                              --------- --------- ---------
  Subtotal                     389,977   390,215      (238)      (.1)
 Leasing and equipment finance  47,387    50,323    (2,936)     (5.8)
 Mortgage banking                5,578    12,960    (7,382)    (57.0)
 Other                          24,717    14,113    10,604      75.1
                              --------- --------- ---------
  Fees and other revenue       467,659   467,611        48         -
 Gains on sales of securities
  available for sale            10,671    22,600   (11,929)    (52.8)
                              --------- --------- ---------
      Total non-interest
       income                  478,330   490,211   (11,881)     (2.4)
                              --------- --------- ---------
Non-interest expense:
 Compensation and employee
  benefits                     326,526   322,824     3,702       1.1
 Occupancy and equipment       103,900    95,617     8,283       8.7
 Advertising and promotions     25,691    26,353      (662)     (2.5)
 Deposit account losses         20,473    22,369    (1,896)     (8.5)
 Other                         133,998   119,516    14,482      12.1
                              --------- --------- ---------
  Total non-interest expense   610,588   586,679    23,909       4.1
                              --------- --------- ---------
      Income before income tax
       expense                 380,410   384,476    (4,066)     (1.1)
Income tax expense             115,278   129,483   (14,205)    (11.0)
                              --------- --------- ---------
      Net income              $265,132  $254,993   $10,139       4.0
                              ========= ========= =========

Net income per common share:
 Basic                           $2.00     $1.87      $.13       7.0
                              ========= ========= =========
 Diluted                         $2.00     $1.86      $.14       7.5
                              ========= ========= =========

Dividends declared per common
 share                            $.85      $.75      $.10      13.3
                              ========= ========= =========

Average common and common
 equivalent shares outstanding
 (in thousands):
  Basic                        132,379   136,616    (4,237)     (3.1)
                              ========= ========= =========
  Diluted                      132,742   137,175    (4,433)     (3.2)
                              ========= ========= =========


N.M.  Not meaningful.




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

                              At           At            Change
                         December 31, December 31, ------------------
                             2005         2004          $        %
                         ------------ ------------ ----------- ------

ASSETS

Cash and due from banks     $374,701     $359,798     $14,903    4.1 %
Investments                   79,943      103,226     (23,283) (22.6)
Securities available for
 sale                      1,648,615    1,619,941      28,674    1.8
Loans held for sale          229,820      154,279      75,541   49.0
Loans and leases:
  Consumer home equity
   and other               5,187,584    4,418,588     768,996   17.4
  Commercial real estate   2,297,500    2,154,396     143,104    6.6
  Commercial business        435,233      424,135      11,098    2.6
  Leasing and equipment
   finance                 1,503,794    1,375,372     128,422    9.3
                         ------------ ------------ -----------
         Subtotal          9,424,111    8,372,491   1,051,620   12.6
  Residential real estate    770,441    1,014,166    (243,725) (24.0)
                         ------------ ------------ -----------
         Total loans and
          leases          10,194,552    9,386,657     807,895    8.6
  Allowance for loan and
   lease losses              (60,396)     (79,878)     19,482   24.4
                         ------------ ------------ -----------
         Net loans and
          leases          10,134,156    9,306,779     827,377    8.9
Premises and equipment       365,146      326,667      38,479   11.8
Goodwill                     152,599      152,599           -      -
Mortgage servicing rights     37,334       46,442      (9,108) (19.6)
Other assets                 343,046      270,836      72,210   26.7
                         ------------ ------------ -----------
                         $13,365,360  $12,340,567  $1,024,793    8.3
                         ============ ============ ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
  Checking                $4,279,853   $3,905,987    $373,866    9.6
  Savings                  2,238,204    1,927,872     310,332   16.1
  Money market               677,017      659,686      17,331    2.6
                         ------------ ------------ -----------
         Subtotal          7,195,074    6,493,545     701,529   10.8
  Certificates of deposit  1,915,620    1,468,650     446,970   30.4
                         ------------ ------------ -----------
         Total deposits    9,110,694    7,962,195   1,148,499   14.4
                         ------------ ------------ -----------
Short-term borrowings        472,126    1,056,111    (583,985) (55.3)
Long-term borrowings       2,511,010    2,048,492     462,518   22.6
                         ------------ ------------ -----------
         Total borrowings  2,983,136    3,104,603    (121,467)  (3.9)
Accrued expenses and
 other liabilities           273,058      315,351     (42,293) (13.4)
                         ------------ ------------ -----------
         Total
          liabilities     12,366,888   11,382,149     984,739    8.7
                         ------------ ------------ -----------
Stockholders' equity:
  Common stock, par value
   $.01 per share,
   280,000,000 shares
   authorized; 184,386,193
   and 184,939,094
   shares issued               1,844        1,849          (5)   (.3)
  Additional paid-in
   capital                   497,270      518,741     (21,471)  (4.1)
  Retained earnings,
   subject to certain
   restrictions            1,536,611    1,385,760     150,851   10.9
  Accumulated other
   comprehensive loss        (21,215)      (1,415)    (19,800)   N.M.
  Treasury stock at cost,
   50,609,970 and
   47,752,934 shares,
   and other              (1,016,038)    (946,517)    (69,521)  (7.3)
                         ------------ ------------ -----------
            Total
             stockholders'
             equity          998,472      958,418      40,054    4.2
                         ------------ ------------ -----------
                         $13,365,360  $12,340,567  $1,024,793    8.3
                         ============ ============ ===========


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 Year Ended December 31, 2005
                         --------------------------------------------

                                                     Net Charge-offs
                                        Allowance      (Recoveries)
                                        as a % of   ------------------
                          Allowance     Portfolio        $        %
                         ------------ ------------- ----------- -----
Consumer home equity and
 other                       $16,643           .32 %    $5,210   .11 %
Commercial real estate        21,222           .92          (8)    -
Commercial business            6,602          1.52      (2,173) (.51)
Leasing and equipment
 finance (1)                  15,313          1.02      21,384  1.50
Residential real estate          616           .08          91   .01
Unallocated (2)                    -             -           -     -
                         ------------               -----------
    Total (3)                $60,396           .59     $24,504   .25
                         ============               ===========



                          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 (1)                  24,566          1.79       5,545   .43
Residential real estate          796           .08          73   .01
Unallocated (2)               16,139             -           -     -
                         ------------               -----------
    Total (3)                $79,878           .85      $9,479   .11
                         ============               ===========



Non-performing assets:                                 Change from
----------------------    At       At        At    -------------------
                       December September December September December
                          31,      30,       31,      30,       31,
                         2005     2005      2004     2005      2004
                       -------- --------- -------- --------- ---------
 Non-accrual loans and
  leases:
  Consumer home equity
   and other           $18,410    $9,849  $12,187    $8,561    $6,223
  Commercial real
   estate                  188       188    1,093         -      (905)
  Commercial business    2,207     2,328    4,533      (121)   (2,326)
  Leasing and
   equipment finance     6,434     6,808   25,678      (374)  (19,244)
  Residential real
   estate                2,409     2,515    3,387      (106)     (978)
                       -------- --------- -------- --------- ---------
   Total non-accrual
    loans and leases    29,648    21,688   46,878     7,960   (17,230)
 Other real estate
  owned:
  Residential real
   estate               14,877    13,919   11,726       958     3,151
  Commercial real
   estate                2,834     2,886    5,465       (52)   (2,631)
                       -------- --------- -------- --------- ---------
   Total other real
    estate owned        17,711    16,805   17,191       906       520
                       -------- --------- -------- --------- ---------
  Total non-performing
   assets              $47,359   $38,493  $64,069    $8,866  $(16,710)
                       ======== ========= ======== ========= =========



Over 30-day delinquency data
 (4):                         At December 31,     At September 30,
----------------------------        2005                 2005
                            -------------------  -------------------

                            Principal   % of     Principal   % of
                            Balances  Portfolio  Balances  Portfolio
                            --------- ---------  --------- ---------
Consumer home equity and
 other                       $18,556       .36 %  $17,351       .35 %
Commercial real estate        10,038       .44         36         -
Commercial business              819       .19        370       .08
Leasing and equipment
 finance                       6,182       .41      5,651       .40
Residential real estate        8,009      1.04      7,610       .94
                            ---------            ---------
    Total                    $43,604       .43    $31,018       .31
                            =========            =========


                                                   At December 31,
                                                         2004
                                                 --------------------

                                                 Principal    % of
                                                  Balances  Portfolio
                                                 ---------- ---------
Consumer home equity and other                     $15,436       .35 %
Commercial real estate                                  32         -
Commercial business                                    404       .10
Leasing and equipment finance                        8,997       .67
Residential real estate                              9,516       .94
                                                 ----------
    Total                                          $34,385       .37
                                                 ==========

Potential Problem
 Loans and Leases (5):
----------------------
                                                       Change from
                         At        At        At    -------------------
                      December  September December September December
                         31,       30,       31,      30,       31,
                        2005      2005      2004     2005      2004
                      --------- --------- -------- --------- ---------
Commercial real estate $35,341   $28,228  $34,138    $7,113    $1,203
Commercial business     11,793    13,367   18,112    (1,574)   (6,319)
Leasing and equipment
 finance                 7,648     9,850   18,816    (2,202)  (11,168)
                      --------- --------- -------- --------- ---------
                       $54,782   $51,445  $71,066    $3,337  $(16,284)
                      ========= ========= ======== ========= =========

(1) For the year ended December 31, 2005, leasing and equipment
    finance net charge-offs excluding the leveraged lease were $2.6
    million, or .18% of average loans and leases.

(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) For the year ended December 31, 2005, total net charge-offs
    excluding the leveraged lease were $5.7 million, or .06% of
    average loans and leases.

(4) Excludes non-accrual loans and leases.

(5) 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. Potential
    problem loans and leases may also be included in over 30-day
    delinquent loans and leases.





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

                                       Three Months Ended December 31,
                                       -------------------------------
                                                    2005
                                       -------------------------------
                                                              Yields
                                                                and
                                         Average               Rates
                                         Balance    Interest    (1)
                                       ------------ --------- -------

ASSETS

 Investments                               $83,027      $841    4.03 %
 Securities available for sale           1,577,967    20,766    5.26
 Loans held for sale                       230,623     3,342    5.75
 Loans and leases:
  Consumer home equity - fixed and
   adjustable rate                       2,944,673    49,457    6.66
  Consumer home equity - variable rate   2,120,363    41,059    7.68
  Consumer - other                          34,544       834    9.58
                                       ------------ ---------
      Total consumer home equity and
       other                             5,099,580    91,350    7.11
  Commercial real estate - fixed and
   adjustable rate                       1,451,488    22,550    6.16
  Commercial real estate - variable
   rate                                    809,855    13,786    6.75
                                       ------------ ---------
      Total commercial real estate       2,261,343    36,336    6.38
  Commercial business - fixed and
   adjustable rate                         106,974     1,591    5.90
  Commercial business - variable rate      321,436     5,196    6.41
                                       ------------ ---------
      Total commercial business            428,410     6,787    6.29
  Leasing and equipment finance          1,461,491    25,590    7.00
                                       ------------ ---------
      Subtotal                           9,250,824   160,063    6.87
  Residential real estate                  792,245    11,373    5.73
                                       ------------ ---------
      Total loans and leases            10,043,069   171,436    6.78
                                       ------------ ---------

       Total interest-earning assets    11,934,686   196,385    6.54
                                       ------------ ---------

 Other assets                            1,134,614
                                       ------------

  Total assets                         $13,069,300
                                       ============

LIABILITIES AND STOCKHOLDERS' EQUITY

 Non-interest bearing deposits:
  Retail                                $1,492,418
  Small business                           623,310
  Commercial and custodial                 295,910
                                       ------------
      Total non-interest bearing
       deposits                          2,411,638
 Interest-bearing deposits:
  Premier checking                         827,742     6,201    2.97
  Other checking                           936,517       550     .23
                                       ------------ ---------
      Subtotal                           1,764,259     6,751    1.52
  Premier savings                          640,444     5,906    3.66
  Other savings                          1,475,505     3,025     .81
                                       ------------ ---------
      Subtotal                           2,115,949     8,931    1.67
  Money market                             649,123     2,914    1.78
                                       ------------ ---------
      Subtotal                           4,529,331    18,596    1.63
  Certificates of deposit                1,886,787    15,687    3.30
                                       ------------ ---------
      Total interest-bearing deposits    6,416,118    34,283    2.12
                                       ------------ ---------

       Total deposits                    8,827,756    34,283    1.54
                                       ------------ ---------

 Borrowings:
  Short-term borrowings                    739,372     7,630    4.09
  Long-term borrowings                   2,207,711    25,190    4.53
                                       ------------ ---------
       Total borrowings                  2,947,083    32,820    4.42
                                       ------------ ---------

  Total deposits and borrowings         11,774,839    67,103    2.26
                                       ------------ ---------

 Other liabilities                         326,693
                                       ------------

  Total liabilities                     12,101,532

 Stockholders' equity                      967,768
                                       ------------

  Total liabilities and
       stockholders' equity            $13,069,300
                                       ============


Net interest income and margin                      $129,282    4.31 %
                                                    ========= =======




                                      Three Months Ended December 31,
                                      --------------------------------
                                                    2004
                                      --------------------------------
                                                              Yields
                                                                and
                                         Average               Rates
                                         Balance    Interest    (1)
                                      ------------- --------- -------

ASSETS

  Investments                             $105,603    $1,014    3.83 %
  Securities available for sale          1,534,776    19,484    5.08
  Loans held for sale                      254,617     2,421    3.78
  Loans and leases:
   Consumer home equity - fixed and
    adjustable rate                      1,571,494    26,786    6.78
   Consumer home equity - variable
    rate                                 2,699,156    40,676    6.00
   Consumer - other                         37,403       768    8.17
                                      ------------- ---------
      Total consumer home equity and
       other                             4,308,053    68,230    6.30
   Commercial real estate - fixed and
    adjustable rate                      1,288,793    19,881    6.14
   Commercial real estate - variable
    rate                                   805,219     9,593    4.74
                                      ------------- ---------
      Total commercial real estate       2,094,012    29,474    5.60
   Commercial business - fixed and
    adjustable rate                         76,906     1,115    5.77
   Commercial business - variable rate     353,752     3,982    4.48
                                      ------------- ---------
      Total commercial business            430,658     5,097    4.71
   Leasing and equipment finance         1,341,985    23,031    6.86
                                      ------------- ---------
      Subtotal                           8,174,708   125,832    6.13
   Residential real estate               1,027,302    14,637    5.69
                                      ------------- ---------
      Total loans and leases             9,202,010   140,469    6.08
                                      ------------- ---------

       Total interest-earning assets    11,097,006   163,388    5.87
                                      ------------- ---------

  Other assets                           1,072,330
                                      -------------

   Total assets                        $12,169,336
                                      =============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                               $1,493,345
   Small business                          557,103
   Commercial and custodial                332,227
                                      -------------
      Total non-interest bearing
       deposits                          2,382,675
  Interest-bearing deposits:
   Premier checking                        343,266     1,424    1.65
   Other checking                        1,106,934       276     .10
                                      ------------- ---------
      Subtotal                           1,450,200     1,700     .47
   Premier savings                         198,769     1,099    2.20
   Other savings                         1,621,810     1,239     .30
                                      ------------- ---------
      Subtotal                           1,820,579     2,338     .51
   Money market                            685,885       793     .46
                                      ------------- ---------
      Subtotal                           3,956,664     4,831     .49
   Certificates of deposit               1,469,735     7,419    2.01
                                      ------------- ---------
      Total interest-bearing deposits    5,426,399    12,250     .90
                                      ------------- ---------

       Total deposits                    7,809,074    12,250     .62
                                      ------------- ---------

  Borrowings:
   Short-term borrowings                 1,003,746     5,142    2.04
   Long-term borrowings                  2,045,505    19,507    3.80
                                      ------------- ---------
       Total borrowings                  3,049,251    24,649    3.22
                                      ------------- ---------

   Total deposits and borrowings        10,858,325    36,899    1.35
                                      ------------- ---------

  Other liabilities                        360,004
                                      -------------

   Total liabilities                    11,218,329

  Stockholders' equity                     951,007
                                      -------------

   Total liabilities and
       stockholders' equity            $12,169,336
                                      =============


Net interest income and margin                      $126,489    4.56 %
                                                    ========= =======
(1) Annualized.




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


                                           Year Ended December 31,
                                        ------------------------------
                                                     2005
                                        ------------------------------
                                                               Yields
                                          Average                and
                                          Balance    Interest   Rates
                                        ------------ --------- ------

ASSETS

  Investments                               $95,349    $3,450   3.62 %
  Securities available for sale           1,569,808    81,479   5.19
  Loans held for sale                       214,588    10,921   5.09
  Loans and leases:
   Consumer home equity - fixed and
    adjustable rate                       2,304,340   154,241   6.69
   Consumer home equity - variable rate   2,450,634   171,133   6.98
   Consumer - other                          34,763     3,213   9.24
                                        ------------ ---------
    Total consumer home equity and other  4,789,737   328,587   6.86
   Commercial real estate - fixed and
    adjustable rate                       1,385,905    85,214   6.15
   Commercial real estate - variable
    rate                                    826,934    49,561   5.99
                                        ------------ ---------
    Total commercial real estate          2,212,839   134,775   6.09
   Commercial business - fixed and
    adjustable rate                          85,390     4,959   5.81
   Commercial business - variable rate      340,314    19,575   5.75
                                        ------------ ---------
    Total commercial business               425,704    24,534   5.76
   Leasing and equipment finance          1,423,264    97,596   6.86
                                        ------------ ---------
    Subtotal                              8,851,544   585,492   6.61
   Residential real estate                  885,735    50,680   5.72
                                        ------------ ---------
    Total loans and leases                9,737,279   636,172   6.53
                                        ------------ ---------

      Total interest-earning assets      11,617,024   732,022   6.30
                                        ------------ ---------

  Other assets                            1,108,510
                                        ------------

   Total assets                         $12,725,534
                                        ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                                $1,548,027
   Small business                           585,860
   Commercial and custodial                 311,497
                                        ------------
    Total non-interest bearing deposits   2,445,384
  Interest-bearing deposits:
   Premier checking                         641,672    15,910   2.48
   Other checking                         1,026,017     2,067    .20
                                        ------------ ---------
    Subtotal                              1,667,689    17,977   1.08
   Premier savings                          427,070    13,246   3.10
   Other savings                          1,558,423     9,419    .60
                                        ------------ ---------
    Subtotal                              1,985,493    22,665   1.14
   Money market                             640,576     7,640   1.19
                                        ------------ ---------
    Subtotal                              4,293,758    48,282   1.12
   Certificates of deposit                1,740,440    49,124   2.82
                                        ------------ ---------
    Total interest-bearing deposits       6,034,198    97,406   1.61
                                        ------------ ---------

      Total deposits                      8,479,582    97,406   1.15
                                        ------------ ---------

  Borrowings:
   Short-term borrowings                    917,665    29,830   3.25
   Long-term borrowings                   2,038,561    87,096   4.27
                                        ------------ ---------
      Total borrowings                    2,956,226   116,926   3.96
                                        ------------ ---------

   Total deposits and borrowings         11,435,808   214,332   1.87
                                        ------------ ---------

  Other liabilities                         343,876
                                        ------------

   Total liabilities                     11,779,684

  Stockholders' equity                      945,850
                                        ------------

   Total liabilities and
      stockholders' equity              $12,725,534
                                        ============


Net interest income and margin                       $517,690   4.46 %
                                                     ========= ======


                                           Year Ended December 31,
                                        ------------------------------
                                                     2004
                                        ------------------------------
                                                               Yields
                                          Average                and
                                          Balance    Interest   Rates
                                        ------------ --------- ------

ASSETS

  Investments                              $124,833    $3,455   2.77 %
  Securities available for sale           1,536,673    80,643   5.25
  Loans held for sale                       331,529    11,533   3.48
  Loans and leases:
   Consumer home equity - fixed and
    adjustable rate                       1,509,055   104,494   6.92
   Consumer home equity - variable rate   2,457,342   137,735   5.61
   Consumer - other                          39,161     3,210   8.20
                                        ------------ ---------
    Total consumer home equity and other  4,005,558   245,439   6.13
   Commercial real estate - fixed and
    adjustable rate                       1,237,633    77,187   6.24
   Commercial real estate - variable
    rate                                    771,310    33,259   4.31
                                        ------------ ---------
    Total commercial real estate          2,008,943   110,446   5.50
   Commercial business - fixed and
    adjustable rate                          85,382     4,754   5.57
   Commercial business - variable rate      346,411    13,815   3.99
                                        ------------ ---------
    Total commercial business               431,793    18,569   4.30
   Leasing and equipment finance          1,285,925    89,364   6.95
                                        ------------ ---------
    Subtotal                              7,732,219   463,818   6.00
   Residential real estate                1,104,814    63,360   5.73
                                        ------------ ---------
    Total loans and leases                8,837,033   527,178   5.97
                                        ------------ ---------

      Total interest-earning assets      10,830,068   622,809   5.75
                                        ------------ ---------

  Other assets                            1,052,679
                                        ------------

   Total assets                         $11,882,747
                                        ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                                $1,504,392
   Small business                           508,162
   Commercial and custodial                 342,446
                                        ------------
    Total non-interest bearing deposits   2,355,000
  Interest-bearing deposits:
   Premier checking                         198,651     2,892   1.46
   Other checking                         1,140,242       928    .08
                                        ------------ ---------
    Subtotal                              1,338,893     3,820    .29
   Premier savings                           85,478     1,705   1.99
   Other savings                          1,738,374     5,785    .33
                                        ------------ ---------
    Subtotal                              1,823,852     7,490    .41
   Money market                             763,925     2,992    .39
                                        ------------ ---------
    Subtotal                              3,926,670    14,302    .36
   Certificates of deposit                1,493,938    28,279   1.89
                                        ------------ ---------
    Total interest-bearing deposits       5,420,608    42,581    .79
                                        ------------ ---------

      Total deposits                      7,775,608    42,581    .55
                                        ------------ ---------

  Borrowings:
   Short-term borrowings                    809,106    12,664   1.57
   Long-term borrowings                   1,984,069    75,673   3.81
                                        ------------ ---------
      Total borrowings                    2,793,175    88,337   3.16
                                        ------------ ---------

   Total deposits and borrowings         10,568,783   130,918   1.24
                                        ------------ ---------

  Other liabilities                         370,184
                                        ------------

   Total liabilities                     10,938,967

  Stockholders' equity                      943,780
                                        ------------

   Total liabilities and
      stockholders' equity              $11,882,747
                                        ============


Net interest income and margin                       $491,891   4.54 %
                                                     ========= ======





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


                                   Three Months Ended
                    -------------------------------------------------
                    Dec. 31,  Sept. 30, Jun. 30,  Mar. 31,  Dec. 31,
                      2005      2005      2005      2005      2004
                    --------- --------- --------- --------- ---------
Interest income:
 Loans and leases   $171,436  $163,178  $155,014  $146,544  $140,469
 Securities
  available for
  sale                20,766    17,893    21,325    21,495    19,484
 Loans held for
  sale                 3,342     2,759     2,566     2,254     2,421
 Investments             841       463     1,094     1,052     1,014
                    --------- --------- --------- --------- ---------
  Total interest
   income            196,385   184,293   179,999   171,345   163,388
                    --------- --------- --------- --------- ---------
Interest expense:
 Deposits             34,283    26,539    20,646    15,938    12,250
 Borrowings           32,820    29,684    28,068    26,354    24,649
                    --------- --------- --------- --------- ---------
  Total interest
   expense            67,103    56,223    48,714    42,292    36,899
                    --------- --------- --------- --------- ---------
      Net interest
       income        129,282   128,070   131,285   129,053   126,489
Provision for
 credit losses         3,637     3,394     1,427    (3,436)    4,073
                    --------- --------- --------- --------- ---------
  Net interest
   income after
   provision for
   credit losses     125,645   124,676   129,858   132,489   122,416
                    --------- --------- --------- --------- ---------
Non-interest
 income:
 Fees and service
  charges             66,744    69,341    65,756    56,938    67,291
 Card revenue         21,419    21,025    19,717    17,642    17,609
 ATM revenue           9,557    10,646    10,795     9,732    10,326
 Investments and
  insurance revenue    2,339     2,682     2,791     2,853     2,609
                    --------- --------- --------- --------- ---------
  Subtotal           100,059   103,694    99,059    87,165    97,835
 Leasing and
  equipment finance   15,405    10,197    11,092    10,693    21,047
 Mortgage banking      3,238       982       216     1,142      (122)
 Other                 6,324     7,744     2,834     7,815     7,455
                    --------- --------- --------- --------- ---------
  Fees and other
   revenue           125,026   122,617   113,201   106,815   126,215
 Gains on sales of
  securities
  available for
  sale                     -       995     4,437     5,239     6,204
                    --------- --------- --------- --------- ---------
      Total non-
       interest
       income        125,026   123,612   117,638   112,054   132,419
                    --------- --------- --------- --------- ---------
Non-interest expense:
 Compensation and
  employee benefits   82,700    80,402    81,973    81,451    86,338
 Occupancy and
  equipment           27,819    25,931    24,771    25,379    25,057
 Advertising and
  promotions           6,088     6,578     6,778     6,247     6,568
 Deposit account
  losses               6,607     6,591     3,708     3,567     5,580
 Other                35,264    34,411    32,950    31,373    30,758
                    --------- --------- --------- --------- ---------
  Total non-
   interest expense  158,478   153,913   150,180   148,017   154,301
                    --------- --------- --------- --------- ---------
      Income before
       income tax
       expense        92,193    94,375    97,316    96,526   100,534
Income tax expense    26,653    28,889    26,675    33,061    33,132
                    --------- --------- --------- --------- ---------
  Net income         $65,540   $65,486   $70,641   $63,465   $67,402
                    ========= ========= ========= ========= =========

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

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

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

Return on average
 assets (1)             2.01 %    2.07 %    2.22 %    2.03 %    2.22 %
Return on average
 common equity (1)     27.09     27.41     30.23     27.18     28.35
Net interest margin
 (1)                    4.31      4.43      4.53      4.56      4.56
Net charge-offs
 (recoveries) as a
 percentage of
 average loans and
 leases (1)             0.09       .85       .08     (.02 )      .14
Average total
 equity to average
 assets                 7.40      7.56      7.36      7.48      7.81

(1)  Annualized.





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

                                  Dec. 31,    Sept. 30,     Jun. 30,
                                    2005         2005         2005
                                ------------ ------------ ------------

ASSETS

Cash and due from banks            $346,555     $346,065     $331,110
Investments                          83,027       91,355      101,305
Securities available for sale     1,577,967    1,393,742    1,646,986
Loans held for sale                 230,623      206,850      213,279
Loans and leases:
 Consumer home equity - fixed
  and adjustable rate             2,944,673    2,454,762    2,048,035
 Consumer home equity - variable
  rate                            2,120,363    2,392,934    2,594,538
 Consumer - other                    34,544       34,469       34,012
                                ------------ ------------ ------------
  Total consumer home equity and
   other                          5,099,580    4,882,165    4,676,585
 Commercial real estate - fixed
  and adjustable rate             1,451,488    1,398,340    1,365,132
 Commercial real estate -
  variable rate                     809,855      822,223      834,876
                                ------------ ------------ ------------
  Total commercial real estate    2,261,343    2,220,563    2,200,008
 Commercial business - fixed and
  adjustable rate                   106,974       85,611       73,654
 Commercial business - variable
  rate                              321,436      348,030      359,269
                                ------------ ------------ ------------
  Total commercial business         428,410      433,641      432,923
 Leasing and equipment finance    1,461,491    1,428,653    1,412,520
                                ------------ ------------ ------------
  Subtotal                        9,250,824    8,965,022    8,722,036
 Residential real estate            792,245      849,069      919,379
                                ------------ ------------ ------------
  Total loans and leases         10,043,069    9,814,091    9,641,415
 Allowance for loan and lease
  losses                            (59,509)     (76,207)     (76,774)
                                ------------ ------------ ------------
  Net loans and leases            9,983,560    9,737,884    9,564,641
Premises and equipment              358,505      345,641      333,614
Goodwill                            152,599      152,599      152,599
Mortgage servicing rights            37,090       38,773       42,218
Other assets                        299,374      318,628      316,281
                                ------------ ------------ ------------
                                $13,069,300  $12,631,537  $12,702,033
                                ============ ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                          $1,492,418   $1,539,893   $1,589,015
 Small business                     623,310      600,374      571,701
 Commercial and custodial           295,910      325,025      311,463
                                ------------ ------------ ------------
  Total non-interest bearing
   deposits                       2,411,638    2,465,292    2,472,179
Interest-bearing deposits:
 Premier checking                   827,742      694,835      580,093
 Other checking                     936,517    1,004,507    1,075,421
                                ------------ ------------ ------------
  Subtotal                        1,764,259    1,699,342    1,655,514
 Premier savings                    640,444      436,690      345,567
 Other savings                    1,475,505    1,549,451    1,603,720
                                ------------ ------------ ------------
  Subtotal                        2,115,949    1,986,141    1,949,287
 Money market                       649,123      632,293      633,762
                                ------------ ------------ ------------
  Subtotal                        4,529,331    4,317,776    4,238,563
 Certificates of deposit          1,886,787    1,770,805    1,707,919
                                ------------ ------------ ------------
  Total interest-bearing
   deposits                       6,416,118    6,088,581    5,946,482
                                ------------ ------------ ------------
      Total deposits              8,827,756    8,553,873    8,418,661
                                ------------ ------------ ------------
Borrowings:
 Short-term borrowings              739,372    1,037,240      920,471
 Long-term borrowings             2,207,711    1,757,968    2,075,264
                                ------------ ------------ ------------
  Total borrowings                2,947,083    2,795,208    2,995,735
Accrued expenses and other
 liabilities                        326,693      326,976      352,861
                                ------------ ------------ ------------
  Total liabilities              12,101,532   11,676,057   11,767,257
                                ------------ ------------ ------------
Stockholders' equity:
 Common stock                         1,844        1,844        1,845
 Additional paid-in capital         496,442      496,496      497,810
 Retained earnings                1,510,336    1,473,273    1,431,903
 Accumulated other comprehensive
  loss                              (24,157)      (3,104)      (1,992)
 Treasury stock at cost and
  other                          (1,016,697)  (1,013,029)    (994,790)
                                ------------ ------------ ------------
                                    967,768      955,480      934,776
                                ------------ ------------ ------------
                                $13,069,300  $12,631,537  $12,702,033
                                ============ ============ ============

Supplemental Information:
-------------------------
Securities available for sale    $1,577,967   $1,393,742   $1,646,986
Residential real estate loans       792,245      849,069      919,379
                                ------------ ------------ ------------
 Total  securities available for
  sale and residential real
  estate loans                   $2,370,212   $2,242,811   $2,566,365
                                ============ ============ ============


                                               Mar. 31,     Dec. 31,
                                                 2005         2004
                                             ------------ ------------

ASSETS

Cash and due from banks                         $332,800     $350,497
Investments                                      106,006      105,603
Securities available for sale                  1,663,412    1,534,776
Loans held for sale                              207,430      254,617
Loans and leases:
 Consumer home equity - fixed and adjustable
  rate                                         1,755,164    1,571,494
 Consumer home equity - variable rate          2,701,729    2,699,156
 Consumer - other                                 36,046       37,403
                                             ------------ ------------
  Total consumer home equity and other         4,492,939    4,308,053
 Commercial real estate - fixed and
  adjustable rate                              1,327,160    1,288,793
 Commercial real estate - variable rate          841,176      805,219
                                             ------------ ------------
  Total commercial real estate                 2,168,336    2,094,012
 Commercial business - fixed and adjustable
  rate                                            74,968       76,906
 Commercial business - variable rate             332,555      353,752
                                             ------------ ------------
  Total commercial business                      407,523      430,658
 Leasing and equipment finance                 1,389,541    1,341,985
                                             ------------ ------------
  Subtotal                                     8,458,339    8,174,708
 Residential real estate                         984,764    1,027,302
                                             ------------ ------------
  Total loans and leases                       9,443,103    9,202,010
 Allowance for loan and lease losses             (79,918)     (79,502)
                                             ------------ ------------
  Net loans and leases                         9,363,185    9,122,508
Premises and equipment                           328,336      322,492
Goodwill                                         152,599      152,599
Mortgage servicing rights                         45,101       49,746
Other assets                                     295,107      276,498
                                             ------------ ------------
                                             $12,493,976  $12,169,336
                                             ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                                       $1,571,741   $1,493,345
 Small business                                  547,060      557,103
 Commercial and custodial                        313,634      332,227
                                             ------------ ------------
  Total non-interest bearing deposits          2,432,435    2,382,675
Interest-bearing deposits:
 Premier checking                                459,385      343,266
 Other checking                                1,089,541    1,106,934
                                             ------------ ------------
  Subtotal                                     1,548,926    1,450,200
 Premier savings                                 281,529      198,769
 Other savings                                 1,606,560    1,621,810
                                             ------------ ------------
  Subtotal                                     1,888,089    1,820,579
 Money market                                    647,197      685,885
                                             ------------ ------------
  Subtotal                                     4,084,212    3,956,664
 Certificates of deposit                       1,592,682    1,469,735
                                             ------------ ------------
  Total interest-bearing deposits              5,676,894    5,426,399
                                             ------------ ------------
      Total deposits                           8,109,329    7,809,074
                                             ------------ ------------
Borrowings:
 Short-term borrowings                           974,853    1,003,746
 Long-term borrowings                          2,115,369    2,045,505
                                             ------------ ------------
  Total borrowings                             3,090,222    3,049,251
Accrued expenses and other liabilities           360,362      360,004
                                             ------------ ------------
  Total liabilities                           11,559,913   11,218,329
                                             ------------ ------------
Stockholders' equity:
 Common stock                                      1,846        1,850
 Additional paid-in capital                      503,762      518,012
 Retained earnings                             1,394,163    1,360,169
 Accumulated other comprehensive loss             (4,139)        (527)
 Treasury stock at cost and other               (961,569)    (928,497)
                                             ------------ ------------
                                                 934,063      951,007
                                             ------------ ------------
                                             $12,493,976  $12,169,336
                                             ============ ============

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





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

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

ASSETS

  Investments             4.03 %    2.02 %    4.33 %   4.01 %   3.83 %
  Securities available
   for sale               5.26      5.14      5.18     5.17     5.08
  Loans held for sale     5.75      5.29      4.83     4.41     3.78
  Loans and leases:
   Consumer home equity
    - fixed and
    adjustable rate       6.66      6.68      6.72     6.73     6.78
   Consumer home equity
    - variable rate       7.68      7.22      6.77     6.41     6.00
   Consumer - other       9.58      9.38      9.19     8.83     8.17
    Total consumer home
     equity and other     7.11      6.96      6.77     6.56     6.30
   Commercial real
    estate - fixed and
    adjustable rate       6.16      6.15      6.14     6.13     6.14
   Commercial real
    estate - variable
    rate                  6.75      6.27      5.72     5.24     4.74
    Total commercial
     real estate          6.38      6.20      5.98     5.79     5.60
   Commercial business
    - fixed and
    adjustable rate       5.90      5.88      5.75     5.65     5.77
   Commercial business
    - variable rate       6.41      6.02      5.56     5.02     4.48
    Total commercial
     business             6.29      5.99      5.59     5.14     4.71
   Leasing and
    equipment finance     7.00      6.74      6.83     6.85     6.86
    Subtotal              6.87      6.69      6.52     6.34     6.13
   Residential real
    estate                5.73      5.73      5.71     5.70     5.69
    Total loans and
     leases               6.78      6.61      6.44     6.27     6.08

      Total interest-
       earning assets     6.54      6.37      6.22     6.06     5.87


LIABILITIES

  Interest-bearing
   deposits:
   Premier checking       2.97      2.66      2.04     1.86     1.65
   Other checking          .23       .23       .21      .14      .10
    Subtotal              1.52      1.23       .85      .65      .47
   Premier savings        3.66      3.21      2.51     2.38     2.20
   Other savings           .81       .67       .53      .42      .30
    Subtotal              1.67      1.23       .88      .71      .51
   Money market           1.78      1.31       .99      .67      .46
    Subtotal              1.63      1.24       .89      .68      .49
   Certificates of
    deposit               3.30      2.93      2.65     2.32     2.01
    Total interest-
     bearing deposits     2.12      1.73      1.39     1.14      .90

      Total deposits      1.54      1.23       .98      .80      .62

  Borrowings:
   Short-term
    borrowings            4.09      3.52      3.01     2.53     2.04
   Long-term borrowings   4.53      4.62      4.09     3.88     3.80
    Total borrowings      4.42      4.22      3.76     3.46     3.22

      Total interest-
       bearing
       liabilities        2.26      1.97      1.71     1.53     1.35


Net interest margin       4.31 %    4.43 %    4.53 %   4.56 %   4.56 %
                       ======== ========= ========= ======== ========

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

    SOURCE: TCF Financial Corporation

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