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Press Release

TCF Reports First Quarter Earnings and EPS ($.45)

Company Release - 4/19/2006 8:30 AM ET

WAYZATA, Minn.--(BUSINESS WIRE)--April 19, 2006--TCF Financial Corporation ("TCF") (NYSE:TCB):

    FIRST QUARTER HIGHLIGHTS

    --  Diluted earnings per share of 45 cents

    --  Net income of $58.2 million

    --  Return on average assets of 1.71 percent

    --  Return on average common equity of 23.82 percent

    --  Average Power Assets(R) increased $1.1 billion, or 13.1
        percent

    --  Average Power Liabilities(R) increased $1.1 billion, or 13.1
        percent

    --  Increased checking accounts by 25,922, or 6.5 percent
        (annualized), to 1,629,095


EARNINGS SUMMARY
($ in thousands, except per-share data)
                                                    Three Months
                                                  Ended March 31,
                                              ------------------------
                                                2006     2005   Change
                                              -------- -------- ------
Net income                                    $58,222  $63,465  (8.3)%
Diluted earnings per common share                 .45      .47  (4.3)

Financial Ratios (1)
------------------------
Return on average assets                         1.71 %   2.03 %
Return on average common equity                 23.82    27.18
Net interest margin                              4.25     4.56
Net charge-offs (recoveries) as a                 .10     (.02)
    percentage of average loans and leases

----------------------------------------------------------------------
(1) Annualized.

TCF Financial Corporation ("TCF") (NYSE:TCB) today reported diluted earnings per share of 45 cents for the first quarter of 2006, compared with 47 cents for the same 2005 period. Net income for the first quarter of 2006 was $58.2 million, compared with $63.5 million for the same 2005 period. The 2005 first quarter included $10.9 million in gains on asset sales and a $3.3 million commercial business loan recovery for a combined after-tax impact of seven cents per diluted share. The first quarter of 2006 includes $4.5 million in net gains on sales of assets, including a $1.6 million net gain on the sale of mortgage servicing rights for a combined after-tax impact of two cents per diluted share.

For the first quarter of 2006, return on average assets ("ROA") was 1.71 percent and return on average common equity ("ROE") was 23.82 percent, compared with 2.03 percent and 27.18 percent, respectively, for the first quarter of 2005.

Chief Executive Officer's Statement

"We achieved strong growth in the first quarter in Power Assets and Power Liabilities and we also saw improvement in net checking account growth," said Lynn A. Nagorske, Chief Executive Officer. "Although our business fundamentals continued to show strong performance, the 2006 first quarter included lower gains on asset sales and the 2005 first quarter included a commercial business loan recovery which did not recur," said Nagorske.

Total Revenue

                                     Three Months
($ in thousands)                    Ended March 31,        Change
                                  ------------------- ----------------
                                    2006      2005       $       %
                                  --------- --------- ------- --------

Net interest income               $131,168  $129,053  $2,115     1.6 %
                                  --------- --------- -------
Fees and other revenue:
  Fees and service charges          61,555    57,938   3,617     6.2
  Card revenue                      21,262    17,642   3,620    20.5
  ATM revenue                        9,099     9,732    (633)   (6.5)
  Investments and insurance          2,488     2,853    (365)  (12.8)
                                  --------- --------- -------
   Total banking fees and other
    revenue                         94,404    88,165   6,239     7.1
  Leasing and equipment finance     11,915    10,693   1,222    11.4
  Other                             11,180     7,957   3,223    40.5
                                  --------- --------- -------
   Total fees and other revenue    117,499   106,815  10,684    10.0
                                  --------- --------- -------
  Gains on sales of securities           -     5,239  (5,239) (100.0)
                                  --------- --------- -------
    Total non-interest income      117,499   112,054   5,445     4.9
                                  --------- --------- -------
     Total revenue                $248,667  $241,107  $7,560     3.1
                                  ========= ========= =======

Net interest margin (1)               4.25%     4.56%
Fees and other revenue as a % of:
  Total revenue                      47.25     44.30
  Average assets (1)                  3.45      3.42

----------------------------------------------------------------------
(1)  Annualized.

Net Interest Income

TCF's net interest income in the first quarter of 2006 was $131.2 million, up $2.1 million, or 1.6 percent, from the first quarter of 2005 and up $1.9 million, or 1.5 percent, from the fourth quarter of 2005. Net interest margin in the first quarter of 2006 was 4.25 percent, compared with 4.56 percent for the first quarter of 2005 and 4.31 percent for the fourth quarter of 2005. The increase in net interest income from the first quarter of 2005 was primarily driven by increases in average Power Assets and Power Liabilities, partially offset by higher funding costs and the effects of a flattening yield curve.

The increase in net interest income from the fourth quarter of 2005 was primarily due to a $513 million, or 4.3 percent, increase in average interest-earning assets and the net benefit of the increases in short-term interest rates, partially offset by two fewer days in the first quarter of 2006 and the six basis point reduction in net interest margin. This decrease in net interest margin was primarily due to the continued customer preference for lower-yielding fixed-rate consumer loans, the impact of the stock repurchase program and the impact of the mortgage-backed securities purchased in the fourth quarter of 2005 and the first quarter of 2006, partially offset by the net favorable impact of the repricing of variable-rate assets and liabilities.

Non-interest Income

Total non-interest income was $117.5 million for the first quarter of 2006, up $5.4 million, or 4.9 percent, from the same period of 2005.

Banking fees and service charges increased 6.2 percent from the first quarter of 2005. Card revenues totaled $21.3 million for the first quarter of 2006, up 20.5 percent over the same period in 2005. The increase in card revenues was primarily attributable to an increase in active accounts and customer transaction volumes.

Leasing and equipment finance revenues were $11.9 million for the first quarter of 2006, up $1.2 million, or 11.4 percent, from the 2005 first quarter, primarily due to higher operating lease revenues.

Other revenue increased $3.2 million to $11.2 million from the first quarter of 2005. During the first quarter of 2006, TCF sold its entire remaining third-party mortgage servicing rights for a gain of $2.3 million ($1.6 million net of related expenses). The increase in other revenue also includes a $2.3 million increase in gains on the sales of education loans, partially offset by a $2.8 million decrease in gains on sales of branch and office buildings.

During the 2005 first quarter, TCF sold $466 million of mortgage-backed securities and realized gains of $5.2 million. No such sales or gains occurred in the first quarter of 2006.

New Branch Expansion

TCF opened one new supermarket branch during the first quarter of 2006 and closed two traditional branches. TCF has now opened 130 new branches since January 2001, representing 29 percent of TCF's 452 total branches. TCF plans to open a total of 25 new branches in 2006, consisting of 16 traditional branches, seven supermarket branches and two campus branches.

                            March 31, December 31, December 31,
(# of branches)               2006        2005         2000
                            --------- ------------ -------------

Total Branches
--------------
Minnesota                        105          105            84
Illinois                         202          202           167
Wisconsin                         35           35            32
Michigan                          62           63            56
Colorado                          42           42            12
Indiana                            6            6             1
                            --------- ------------ -------------
                                 452          453           352
                            ========= ============ =============

New Branches(a)
---------------
   Traditional                    68           68
   Supermarket                    59           58
   Campus                          3            3
                            --------- ------------
     Total                       130          129
                            --------- ------------
         % of Total Branches      29%          28%
                            ========= ============

----------------------------------------------------------------------
(a) New branches opened since January 1, 2001.

Additional information regarding the results of TCF's new branches opened since January 1, 2001 is summarized as follows:

                                At or For the
                              Three Months Ended
                                  March 31,
                              -------------------
($ in thousands)                2006      2005     Change   % Change
                              --------- --------- --------- ----------

Number of checking accounts    232,864   171,694    61,170      35.6 %
Average deposits:
  Checking                    $337,414  $261,110   $76,304      29.2
  Savings                      285,871   151,824   134,047      88.3
  Money market                  31,221    15,504    15,717     101.4
                              --------- --------- ---------
    Subtotal                   654,506   428,438   226,068      52.8
  Certificates of deposit      339,172   107,625   231,547       N.M.
                              --------- --------- ---------
    Total deposits            $993,678  $536,063  $457,615      85.4
                              ========= ========= =========

Total fees and other revenue
 (quarter ended)               $15,378   $10,902    $4,476      41.1
                              ========= ========= =========

----------------------------------------------------------------------
N.M. Not Meaningful.

Power Assets(R)

Average Power Assets increased $1.1 billion, or 13.1 percent, in the first quarter of 2006. TCF's leasing businesses reported $250.6 million of originations and continued to grow the backlog of pending transactions, now at $294.1 million.

                         Average Balances for the
                       Three Months Ended March 31,       Change
                       ---------------------------- ------------------
($ in thousands)            2006          2005           $        %
                       -------------- ------------- ----------- ------
Loans and leases(a):
 Consumer home equity
  and other:
  Home equity:
   First mortgage lien    $3,409,051    $2,951,677    $457,374  15.5 %
   Junior lien             1,806,666     1,505,216     301,450  20.0
                       -------------- ------------- -----------
     Total consumer
      home equity          5,215,717     4,456,893     758,824  17.0
  Other                       34,833        36,046      (1,213) (3.4)
                       -------------- ------------- -----------
     Total consumer
     home equity and
     other                 5,250,550     4,492,939     757,611  16.9
 Commercial real estate    2,329,579     2,168,336     161,243   7.4
 Commercial business         449,364       407,523      41,841  10.3
 Leasing and equipment
  finance                  1,533,034     1,389,541     143,493  10.3
                       -------------- ------------- -----------
     Power Assets         $9,562,527    $8,458,339  $1,104,188  13.1
                       ============== ============= ===========

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

Power Liabilities(R)

Average Power Liabilities totaled $9.2 billion for the first quarter of 2006, with an average interest rate of 1.76 percent, as compared with .80 percent in the same 2005 period. Average Power Liabilities increased $1.1 billion, or 13.1 percent, from the first quarter of 2005, primarily driven by increases in Premier Checking, Premier Savings and certificates of deposit, partially offset by declines in other lower-cost interest-bearing checking and savings. The total number of checking accounts was 1,629,095 at March 31, 2006, up 70,188 accounts, or 4.5 percent, from March 31, 2005 and up 25,922 accounts, or 6.5 percent (annualized) from December 31, 2005.

                      Average Balances for the
                         Three Months Ended
                              March 31,
                      -------------------------
($ in thousands)          2006         2005       Change    % Change
                      ------------- ----------- ----------- ---------
Non-interest bearing
 deposits:
  Retail                $1,554,008  $1,571,741    $(17,733)     (1.1)%
  Small business           590,240     547,060      43,180       7.9
  Commercial and
   custodial               282,408     313,634     (31,226)    (10.0)
                      ------------- ----------- -----------
   Total non-interest
    bearing deposits     2,426,656   2,432,435      (5,779)     (0.2)
Interest-bearing
 deposits:
  Premier checking         938,055     459,385     478,670     104.2
  Other checking           909,960   1,089,541    (179,581)    (16.5)
                      ------------- ----------- -----------
   Subtotal              1,848,015   1,548,926     299,089      19.3
  Premier savings          780,046     281,529     498,517     177.1
  Other savings          1,440,818   1,606,560    (165,742)    (10.3)
                      ------------- ----------- -----------
   Subtotal              2,220,864   1,888,089     332,775      17.6
  Money market             669,602     647,197      22,405       3.5
                      ------------- ----------- -----------
   Subtotal              4,738,481   4,084,212     654,269      16.0
  Certificates of
   deposit               2,005,639   1,592,682     412,957      25.9
                      ------------- ----------- -----------
   Total interest-
    bearing deposits     6,744,120   5,676,894   1,067,226      18.8
                      ------------- ----------- -----------
   Power Liabilities    $9,170,776  $8,109,329  $1,061,447      13.1
                      ============= =========== ===========

Number of checking
 accounts, period-end    1,629,095   1,558,907      70,188       4.5
    Securities Available for Sale and Residential Real Estate Loans

Average balances of securities available for sale (consisting primarily of mortgage-backed securities) and residential real estate loans totaled $2.5 billion for the first quarter of 2006, a decrease of $114.8 million from the first quarter of 2005. TCF purchased $245.5 million of mortgage-backed securities in the first quarter of 2006, compared with $703.6 million in the first quarter of 2005. At March 31, 2006, the unrealized pre-tax loss on TCF's securities available for sale portfolio was $58.9 million.

                          Average Balances for the
                            Three Months Ended
                                 March 31,                Change
                         -------------------------- ------------------
($ in thousands)             2006          2005         $        %
                         ------------- ------------ ---------- -------
Securities available for
 sale                      $1,781,586   $1,663,412   $118,174    7.1 %
Residential real estate
 loans                        751,782      984,764   (232,982) (23.7)
                         ------------- ------------ ----------
              Total        $2,533,368   $2,648,176  $(114,808)  (4.3)
                         ============= ============ ==========

Non-interest Expense

Non-interest expense totaled $159.9 million for the first quarter of 2006, up $11.9 million, or 8 percent, from $148 million for the first quarter of 2005, primarily due to a $5 million increase related to branch expansion, a $1.7 million increase in operating lease depreciation and $700 thousand in expenses related to the sale of mortgage servicing rights.

Compensation and employee benefits increased $4.7 million, or 5.8 percent, from the first quarter of 2005, primarily driven by a $3.2 million increase in the banking segment of which $2.2 million was attributed to branch expansion.

Occupancy and equipment expenses increased $2.7 million, or 10.5 percent, from the first quarter of 2005, primarily due to $1.4 million associated with branch expansion.

Operating lease depreciation increased $1.7 million from the first quarter of 2005, primarily driven by a $41.4 million increase in average operating lease balances in TCF's leasing and equipment finance subsidiaries.

Other expenses increased $2.9 million, or 9.8 percent, from the first quarter of 2005, primarily driven by a $976 thousand increase related to branch expansion, an $803 thousand increase in card processing and issuance expenses related to the increase in card transactions and $700 thousand in one-time expenses related to the sale of TCF's mortgage servicing portfolio.

                                   Three Months Ended
                                        March 31,          Change
                                   ------------------- ---------------
($ in thousands)                     2006      2005       $       %
                                   --------- --------- -------- ------

Compensation and employee benefits  $86,168   $81,451   $4,717   5.8 %
Occupancy and equipment              28,051    25,379    2,672   10.5
Advertising and promotions            5,716     6,247     (531)  (8.5)
Deposit account losses                4,013     3,567      446   12.5
Operating lease depreciation          3,163     1,492    1,671  112.0
Other                                32,813    29,881    2,932    9.8
                                   --------- --------- --------
    Total non-interest expense     $159,924  $148,017  $11,907    8.0
                                   ========= ========= ========

Credit Quality

At March 31, 2006, TCF's allowance for loan and lease losses totaled $59.4 million, or .56 percent of loans and leases, compared with $60.4 million, or .59 percent, at December 31, 2005. The provision for credit losses for 2006 was $1.5 million, up $4.9 million from the first quarter of 2005, primarily due to a $3.3 million commercial business loan recovery recorded in the first quarter of 2005. Net loan and lease charge-offs in the first quarter of 2006 were $2.5 million, or .10 percent (annualized) of average loans and leases, compared with net loan and lease recoveries of $441 thousand, or .02 percent (annualized) for the same 2005 period.

At March 31, 2006, TCF's over-30-day delinquency rate was .35 percent, down from .43 percent at December 31, 2005. Non-accrual loans and leases were $30.8 million, or .29 percent of net loans and leases, at March 31, 2006, compared with $29.6 million, or .29 percent, at December 31, 2005. Total non-performing assets were $51.5 million, or .37 percent of total assets, at March 31, 2006, up from $47.4 million, or .35 percent, at December 31, 2005. The increase in non-accrual loans and leases from December 31, 2005 was primarily due to commercial real estate loans, partially offset by a decrease in consumer home equity loans.

                                                Three Months Ended
                                                     March 31,
                                              -----------------------
($ in thousands)                                 2006        2005
                                              ----------- -----------
Allowance for loan and lease losses:
 Balance at beginning of period                  $60,396     $79,878
  Net (charge-offs) recoveries:
   Consumer home equity and other                 (1,439)     (1,308)
   Commercial real estate                            (69)        (37)
   Commercial business                              (154)      2,436
   Leasing and equipment finance                    (831)       (614)
   Residential real estate                           (32)        (36)
                                              ----------- -----------
    Total                                         (2,525)        441
  Provision for credit losses                      1,507      (3,436)
                                              ----------- -----------
Balance at end of period                         $59,378     $76,883
                                              =========== ===========

 Key Indicators:
 ---------------
 Allowance for loans and leases as a
  percentage of total loans and leases               .56 %       .80 %

 Annualized net charge-offs (recoveries) as a
  percentage of average loans and leases             .10 %      (.02)%

 Period-end allowance as a multiple of
  annualized net charge-offs                         5.9 X       N.M.

 Income before income taxes and provision for
  loan losses as a multiple of net charge-
  offs                                              35.2 X       N.M.

----------------------------------------------------------------------
N.M. Not Meaningful.

Income Taxes

TCF's income tax expense was $29 million for the first quarter of 2006, or 33.26 percent of income before income tax expense, down from $33.1 million, or 34.25 percent, for the comparable 2005 period. The lower effective income tax rate in the first quarter of 2006 compared with the first quarter of 2005 is primarily due to lower estimated state and local income taxes.

Capital

During the first quarter of 2006, TCF Bank issued $75 million of subordinated notes due in 2016. The notes bear interest at a fixed rate of 5.50 percent until maturity. The notes qualify as Tier 2 or supplementary capital for regulatory purposes, subject to certain limitations. Also, during the first quarter of 2006, TCF repurchased 2.4 million shares of its common stock at an average cost of $25.27 per share. TCF has 4.3 million shares remaining in its stock repurchase program authorized by its Board of Directors.

                                    At March 31,       At March 31,
($ in thousands, except per-share       2006               2005
 data)                            ------------------  ----------------

Stockholders' equity               $968,300          $926,343
Stockholders' equity to total
 assets                                7.00 %            7.28 %
Book value per common share        $   7.35          $   6.85

Total risk-based capital         $1,110,762  10.91 % $987,455  10.90 %
Total risk-based capital "well-
 capitalized" requirement         1,017,778  10.00    905,771  10.00
Excess risk-based capital over
 "well-capitalized" requirement      92,984    .91     81,684    .90

Website Information

A live webcast of TCF's conference call to discuss first quarter earnings will be hosted at TCF's website, www.tcfexpress.com, on April 19, 2006 at 10:00 a.m., CDT. Additionally, the webcast is available for replay at TCF's website after the conference call. The website also includes free access to company news releases, TCF's annual report, quarterly reports, investor presentations and SEC filings.

TCF is a Wayzata, Minnesota-based national financial holding company with $13.8 billion in assets. TCF has 452 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 and 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; an inability 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; monetary, fiscal or tax policies of the federal or state governments; adverse findings in tax audits or regulatory examinations; 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 or loss or theft of information; adverse changes in securities markets; 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 on Form 10-K, and Forms 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
                                    March 31,
                               -------------------
                                 2006      2005    $ Change % Change
                               --------- --------- -------- ---------
Interest income:
 Loans and leases              $176,983  $146,544  $30,439      20.8 %
 Securities available for sale   23,699    21,495    2,204      10.3
 Education loans held for sale    4,347     2,254    2,093      92.9
 Investments                        677     1,052     (375)    (35.6)
                               --------- --------- --------
  Total interest income         205,706   171,345   34,361      20.1
                               --------- --------- --------
Interest expense:
 Deposits                        39,847    15,938   23,909     150.0
 Borrowings                      34,691    26,354    8,337      31.6
                               --------- --------- --------
  Total interest expense         74,538    42,292   32,246      76.2
                               --------- --------- --------
        Net interest income     131,168   129,053    2,115       1.6
Provision for credit losses       1,507    (3,436)   4,943       N.M.
                               --------- --------- --------
  Net interest income after
   provision for credit
   losses                       129,661   132,489   (2,828)     (2.1)
                               --------- --------- --------
Non-interest income:
 Fees and service charges        61,555    57,938    3,617       6.2
 Card revenue                    21,262    17,642    3,620      20.5
 ATM revenue                      9,099     9,732     (633)     (6.5)
 Investments and insurance
  revenue                         2,488     2,853     (365)    (12.8)
                               --------- --------- --------
  Subtotal                       94,404    88,165    6,239       7.1
 Leasing and equipment finance   11,915    10,693    1,222      11.4
 Other                           11,180     7,957    3,223      40.5
                               --------- --------- --------
  Fees and other revenue        117,499   106,815   10,684      10.0
 Gains on sales of securities
  available for sale                  -     5,239   (5,239)   (100.0)
                               --------- --------- --------
        Total non-interest
         income                 117,499   112,054    5,445       4.9
                               --------- --------- --------
Non-interest expense:
 Compensation and employee
  benefits                       86,168    81,451    4,717       5.8
 Occupancy and equipment         28,051    25,379    2,672      10.5
 Advertising and promotions       5,716     6,247     (531)     (8.5)
 Deposit account losses           4,013     3,567      446      12.5
 Other                           35,976    31,373    4,603      14.7
                               --------- --------- --------
  Total non-interest expense    159,924   148,017   11,907       8.0
                               --------- --------- --------
        Income before income
         tax expense             87,236    96,526   (9,290)     (9.6)
Income tax expense               29,014    33,061   (4,047)    (12.2)
                               --------- --------- --------
        Net income              $58,222   $63,465  $(5,243)     (8.3)
                               ========= ========= ========

Net income per common share:
 Basic                             $.45      $.47    $(.02)     (4.3)
                               ========= ========= ========
 Diluted                           $.45      $.47    $(.02)     (4.3)
                               ========= ========= ========

Dividends declared per common
 share                             $.23    $.2125   $.0175       8.2
                               ========= ========= ========

Average common and common
 equivalent shares outstanding
 (in thousands):
  Basic                         130,282   133,990   (3,708)     (2.8)
                               ========= ========= ========
  Diluted                       130,447   134,392   (3,945)     (2.9)
                               ========= ========= ========


N.M. Not Meaningful.



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

                                   At           At            At
                                March 31,  December 31,    March 31,
                                  2006         2005          2005
                              ------------ ------------ --------------

ASSETS

Cash and due from banks          $330,891     $374,701       $323,996
Investments                        72,082       79,943        105,404
Securities available for sale   1,816,135    1,648,615      1,785,520
Education loans held for sale     234,324      229,820        215,991
Loans and leases:
 Consumer home equity and
  other                         5,369,300    5,187,584      4,601,418
 Commercial real estate         2,394,722    2,297,500      2,193,513
 Commercial business              470,117      435,233        409,219
 Leasing and equipment finance  1,575,483    1,503,794      1,397,959
                              ------------ ------------ --------------
         Subtotal               9,809,622    9,424,111      8,602,109
 Residential real estate          732,912      770,441        950,469
                              ------------ ------------ --------------
         Total loans and
          leases               10,542,534   10,194,552      9,552,578
 Allowance for loan and lease
  losses                          (59,378)     (60,396)       (76,883)
                              ------------ ------------ --------------
         Net loans and leases  10,483,156   10,134,156      9,475,695
Premises and equipment            375,679      365,146        328,081
Goodwill                          152,599      152,599        152,599
Other assets                      367,457      380,380        345,922
                              ------------ ------------ --------------
                              $13,832,323  $13,365,360    $12,733,208
                              ============ ============ ==============

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
 Checking                      $4,448,688   $4,279,853     $4,020,601
 Savings                        2,360,246    2,238,204      2,063,415
 Money market                     637,212      677,017        625,511
                              ------------ ------------ --------------
         Subtotal               7,446,146    7,195,074      6,709,527
 Certificates of deposit        2,128,723    1,915,620      1,685,486
                              ------------ ------------ --------------
         Total deposits         9,574,869    9,110,694      8,395,013
                              ------------ ------------ --------------
Short-term borrowings             346,528      472,126        878,390
Long-term borrowings            2,688,131    2,511,010      2,098,878
                              ------------ ------------ --------------
         Total borrowings       3,034,659    2,983,136      2,977,268
Accrued expenses and other
 liabilities                      254,495      273,058        434,584
                              ------------ ------------ --------------
         Total liabilities     12,864,023   12,366,888     11,806,865
                              ------------ ------------ --------------
Stockholders' equity:
 Common stock, par value $.01
  per share, 280,000,000 shares
  authorized; 184,220,375;
  184,386,193 and 184,477,297
  shares issued                     1,842        1,844          1,845
 Additional paid-in capital       468,968      497,270        497,736
 Retained earnings, subject to
  certain restrictions          1,564,207    1,536,611      1,420,258
 Accumulated other
  comprehensive loss              (38,121)     (21,215)       (14,756)
 Treasury stock at cost,
  52,397,230; 50,609,970 and
  49,208,234 shares, and
  other                        (1,028,596)  (1,016,038)      (978,740)
                              ------------ ------------ --------------
          Total stockholders'
           equity                 968,300      998,472        926,343
                              ------------ ------------ --------------
                              $13,832,323  $13,365,360    $12,733,208
                              ============ ============ ==============



                                                   % Change from
                                               ----------------------
                                               December 31, March 31,
                                                  2005        2005
                                               ------------ ---------

ASSETS

Cash and due from banks                              (11.7)%     2.1 %
Investments                                           (9.8)    (31.6)
Securities available for sale                         10.2       1.7
Education loans held for sale                          2.0       8.5
Loans and leases:
 Consumer home equity and other                        3.5      16.7
 Commercial real estate                                4.2       9.2
 Commercial business                                   8.0      14.9
 Leasing and equipment finance                         4.8      12.7
         Subtotal                                      4.1      14.0
 Residential real estate                              (4.9)    (22.9)
         Total loans and leases                        3.4      10.4
 Allowance for loan and lease losses                   1.7      22.8
         Net loans and leases                          3.4      10.6
Premises and equipment                                 2.9      14.5
Goodwill                                                 -         -
Other assets                                          (3.4)      6.2
                                                       3.5       8.6

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
 Checking                                              3.9      10.6
 Savings                                               5.5      14.4
 Money market                                         (5.9)      1.9
         Subtotal                                      3.5      11.0
 Certificates of deposit                              11.1      26.3
         Total deposits                                5.1      14.1
Short-term borrowings                                (26.6)    (60.5)
Long-term borrowings                                   7.1      28.1
         Total borrowings                              1.7       1.9
Accrued expenses and other liabilities                (6.8)    (41.4)
         Total liabilities                             4.0       9.0
Stockholders' equity:
 Common stock, par value $.01 per share,
  280,000,000 shares authorized; 184,220,375;
  184,386,193 and 184,477,297 shares issued            (.1)      (.2)
 Additional paid-in capital                           (5.7)     (5.8)
 Retained earnings, subject to certain
  restrictions                                         1.8      10.1
 Accumulated other comprehensive loss                (79.7)   (158.3)
 Treasury stock at cost, 52,397,230; 50,609,970
  and 49,208,234 shares, and other                    (1.2)     (5.1)
          Total stockholders' equity                  (3.0)      4.5
                                                       3.5       8.6





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

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

                                    At or For the Three Months
                                        Ended March 31, 2006
                               --------------------------------------
                                                      Net Charge-offs
                                           Allowance        (1)
                                           as a % of  ----------------
                                Allowance  Portfolio      $       %
                               ----------- ---------- ---------- ----
 Consumer home equity and other   $16,828        .31 %   $1,439  .11 %
 Commercial real estate            22,146        .92         69  .01
 Commercial business                6,587       1.40        154  .14
 Leasing and equipment finance     13,264        .84        831  .22
 Residential real estate              553        .08         32  .02
                               -----------            ----------
  Total                           $59,378        .56     $2,525  .10
                               ===========            ==========



                                       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       15,313      1.02   21,384  1.50
 Residential real estate                616       .08       91   .01
                                   ---------           --------
  Total                             $60,396       .59  $24,504   .25
                                   =========           ========



Non-performing assets:                                 Change from
----------------------   At        At        At     ------------------
                      March 31, Dec. 31,  March 31, Dec. 31, March 31,
                        2006      2005      2005      2005     2005
                      --------- --------- --------- -------- ---------
 Non-accrual loans and
  leases:
  Consumer home equity
   and other           $12,631   $18,410   $10,772  $(5,779)   $1,859
  Commercial real
   estate                7,010       188       927    6,822     6,083
  Commercial business    2,105     2,207     2,940     (102)     (835)
  Leasing and
   equipment finance     7,798     6,434    27,706    1,364   (19,908)
  Residential real
   estate                1,221     2,409     2,586   (1,188)   (1,365)
                      --------- --------- --------- -------- ---------
   Total non-accrual
    loans and leases    30,765    29,648    44,931    1,117   (14,166)
 Other real estate
  owned:
  Residential real
   estate               17,779    14,877    12,890    2,902     4,889
  Commercial real
   estate                2,957     2,834     5,568      123    (2,611)
                      --------- --------- --------- -------- ---------
   Total other real
    estate owned        20,736    17,711    18,458    3,025     2,278
                      --------- --------- --------- -------- ---------
  Total non-performing
   assets              $51,501   $47,359   $63,389   $4,142  $(11,888)
                      ========= ========= ========= ======== =========


Over 30-day delinquency data (2):
---------------------------------
                                 At March 31,       At December 31,
                                     2006                2005
                              ------------------- -------------------
                              Principal   % of    Principal   % of
                              Balances  Portfolio Balances  Portfolio
                              --------- --------- --------- ---------
 Consumer home equity and
  other                        $20,087       .37 % $18,556       .36 %
 Commercial real estate          3,011       .13    10,038       .44
 Commercial business               124       .03       819       .19
 Leasing and equipment finance   6,059       .39     6,182       .41
 Residential real estate         7,669      1.05     8,009      1.04
                              ---------           ---------
  Total                        $36,950       .35   $43,604       .43
                              =========           =========


                                                     At March 31,
                                                         2005
                                                ---------------------

                                                 Principal    % of
                                                 Balances   Portfolio
                                                ----------- ---------
 Consumer home equity and other                    $15,045       .33 %
 Commercial real estate                                349       .02
 Commercial business                                 1,072       .26
 Leasing and equipment finance                       6,962       .51
 Residential real estate                             9,114       .96
                                                -----------
  Total                                            $32,542       .34
                                                ===========



Potential Problem Loans and Leases (3):
---------------------------------------
                                                       Change from
                        At        At        At     -------------------
                     March 31, Dec. 31,  March 31, Dec. 31, March 31,
                       2006      2005      2005      2005      2005
                     --------- --------- --------- -------- ----------
 Commercial real
  estate              $48,360   $35,341   $37,114  $13,019    $11,246
 Commercial business   10,026    11,793    18,307   (1,767)    (8,281)
 Leasing and
  equipment finance     8,348     7,648    12,200      700     (3,852)
                     --------- --------- --------- -------- ----------
                      $66,734   $54,782   $67,621  $11,952      $(887)
                     ========= ========= ========= ======== ==========

(1) Annualized.
(2) Excludes non-accrual loans and leases.
(3) Consists of loans and leases primarily classified for regulatory
    purposes as substandard and reflect the distinct possibility, but
    not probability, that they will become non-performing or that TCF
    will not be able to collect all amounts due according to the
    contractual terms of the loan or lease agreement.






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


                                       Three Months Ended March 31,
                                     ---------------------------------
                                                   2006
                                     ---------------------------------
                                       Average              Yields and
                                       Balance    Interest  Rates (1)
                                     ------------ --------- ----------
ASSETS

  Investments                            $70,655      $677       3.86%
  Securities available for sale        1,781,586    23,699       5.32
  Education loans held for sale          281,185     4,347       6.27
  Loans and leases:
   Consumer home equity:
      Fixed- and adjustable-rate       3,350,168    55,522       6.72
      Variable-rate                    1,865,549    37,724       8.20
   Consumer - other                       34,833       793       9.23
                                     ------------ ---------
       Total consumer home equity and
        other                          5,250,550    94,039       7.26
   Commercial real estate:
      Fixed- and adjustable-rate       1,569,078    23,926       6.18
      Variable-rate                      760,501    13,468       7.18
                                     ------------ ---------
       Total commercial real estate    2,329,579    37,394       6.51
   Commercial business:
      Fixed- and adjustable-rate         115,745     1,749       6.13
      Variable-rate                      333,619     5,635       6.85
                                     ------------ ---------
       Total commercial business         449,364     7,384       6.66
   Leasing and equipment finance       1,533,034    27,286       7.12
                                     ------------ ---------
      Subtotal                         9,562,527   166,103       7.03
   Residential real estate               751,782    10,880       5.80
                                     ------------ ---------
      Total loans and leases          10,314,309   176,983       6.94
                                     ------------ ---------

       Total interest-earning assets  12,447,735   205,706       6.68
                                     ------------ ---------

  Other assets                         1,162,959
                                     ------------

   Total assets                      $13,610,694
                                     ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                             $1,554,008
   Small business                        590,240
   Commercial and custodial              282,408
                                     ------------
      Total non-interest bearing
       deposits                        2,426,656
  Interest-bearing deposits:
   Premier checking                      938,055     7,031       3.04
   Other checking                        909,960       556        .25
                                     ------------ ---------
      Subtotal                         1,848,015     7,587       1.67
   Premier savings                       780,046     7,299       3.79
   Other savings                       1,440,818     3,114        .88
                                     ------------ ---------
      Subtotal                         2,220,864    10,413       1.90
   Money market                          669,602     3,546       2.15
                                     ------------ ---------
      Subtotal                         4,738,481    21,546       1.84
   Certificates of deposit             2,005,639    18,301       3.70
                                     ------------ ---------
      Total interest-bearing deposits  6,744,120    39,847       2.40
                                     ------------ ---------

       Total deposits                  9,170,776    39,847       1.76
                                     ------------ ---------

  Borrowings:
   Short-term borrowings                 674,868     7,503       4.51
   Long-term borrowings                2,481,793    27,188       4.44
                                     ------------ ---------
       Total borrowings                3,156,661    34,691       4.45
                                     ------------ ---------

   Total deposits and borrowings      12,327,437    74,538       2.45
                                     ------------ ---------

  Other liabilities                      305,672
                                     ------------

   Total liabilities                  12,633,109

  Stockholders' equity                   977,585
                                     ------------

   Total liabilities and
       stockholders' equity          $13,610,694
                                     ============


Net interest income and margin                    $131,168       4.25%
                                                  ========= ==========




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

  Investments                           $106,006    $1,052       4.01%
  Securities available for sale        1,663,412    21,495       5.17
  Education loans held for sale          207,430     2,254       4.41
  Loans and leases:
   Consumer home equity:
      Fixed- and adjustable-rate       1,755,164    29,144       6.73
      Variable-rate                    2,701,729    42,725       6.41
   Consumer - other                       36,046       785       8.83
                                     ------------ ---------
       Total consumer home equity and
        other                          4,492,939    72,654       6.56
   Commercial real estate:
      Fixed- and adjustable-rate       1,327,160    20,067       6.13
      Variable-rate                      841,176    10,869       5.24
                                     ------------ ---------
       Total commercial real estate    2,168,336    30,936       5.79
   Commercial business:
      Fixed- and adjustable-rate          74,968     1,044       5.65
      Variable-rate                      332,555     4,117       5.02
                                     ------------ ---------
       Total commercial business         407,523     5,161       5.14
   Leasing and equipment finance       1,389,541    23,791       6.85
                                     ------------ ---------
      Subtotal                         8,458,339   132,542       6.34
   Residential real estate               984,764    14,002       5.70
                                     ------------ ---------
      Total loans and leases           9,443,103   146,544       6.27
                                     ------------ ---------

       Total interest-earning assets  11,419,951   171,345       6.06
                                     ------------ ---------

  Other assets                         1,074,025
                                     ------------

   Total assets                      $12,493,976
                                     ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                             $1,571,741
   Small business                        547,060
   Commercial and custodial              313,634
                                     ------------
      Total non-interest bearing
       deposits                        2,432,435
  Interest-bearing deposits:
   Premier checking                      459,385     2,105       1.86
   Other checking                      1,089,541       363        .14
                                     ------------ ---------
      Subtotal                         1,548,926     2,468        .65
   Premier savings                       281,529     1,651       2.38
   Other savings                       1,606,560     1,645        .42
                                     ------------ ---------
      Subtotal                         1,888,089     3,296        .71
   Money market                          647,197     1,071        .67
                                     ------------ ---------
      Subtotal                         4,084,212     6,835        .68
   Certificates of deposit             1,592,682     9,103       2.32
                                     ------------ ---------
      Total interest-bearing deposits  5,676,894    15,938       1.14
                                     ------------ ---------

       Total deposits                  8,109,329    15,938        .80
                                     ------------ ---------

  Borrowings:
   Short-term borrowings                 974,853     6,080       2.53
   Long-term borrowings                2,115,369    20,274       3.88
                                     ------------ ---------
       Total borrowings                3,090,222    26,354       3.46
                                     ------------ ---------

   Total deposits and borrowings      11,199,551    42,292       1.53
                                     ------------ ---------

  Other liabilities                      360,362
                                     ------------

   Total liabilities                  11,559,913

  Stockholders' equity                   934,063
                                     ------------

   Total liabilities and
       stockholders' equity          $12,493,976
                                     ============


Net interest income and margin                    $129,053       4.56%
                                                  ========= ==========



(1) Annualized.




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

                                   Three Months Ended
                    -------------------------------------------------
                     Mar. 31, Dec. 31,  Sept. 30, Jun. 30,  Mar. 31,
                      2006      2005      2005      2005      2005
                    --------- --------- --------- --------- ---------
Interest income:
 Loans and leases   $176,983  $171,436  $163,178  $155,014  $146,544
 Securities
  available for
  sale                23,699    20,766    17,893    21,325    21,495
 Education loans
  held for sale        4,347     3,342     2,759     2,566     2,254
 Investments             677       841       463     1,094     1,052
                    --------- --------- --------- --------- ---------
  Total interest
   income            205,706   196,385   184,293   179,999   171,345
                    --------- --------- --------- --------- ---------
Interest expense:
 Deposits             39,847    34,283    26,539    20,646    15,938
 Borrowings           34,691    32,820    29,684    28,068    26,354
                    --------- --------- --------- --------- ---------
  Total interest
   expense            74,538    67,103    56,223    48,714    42,292
                    --------- --------- --------- --------- ---------
        Net
         interest
         income      131,168   129,282   128,070   131,285   129,053
Provision for
 credit losses         1,507     3,637     3,394     1,427    (3,436)
                    --------- --------- --------- --------- ---------
  Net interest
   income after
   provision for
   credit losses     129,661   125,645   124,676   129,858   132,489
                    --------- --------- --------- --------- ---------
Non-interest
 income:
 Fees and service
  charges             61,555    67,716    70,315    66,755    57,938
 Card revenue         21,262    21,419    21,025    19,717    17,642
 ATM revenue           9,099     9,557    10,646    10,795     9,732
 Investments and
  insurance revenue    2,488     2,339     2,682     2,791     2,853
                    --------- --------- --------- --------- ---------
  Subtotal            94,404   101,031   104,668   100,058    88,165
 Leasing and
  equipment finance   11,915    15,405    10,197    11,092    10,693
 Other                11,180     8,590     7,752     2,051     7,957
                    --------- --------- --------- --------- ---------
  Fees and other
   revenue           117,499   125,026   122,617   113,201   106,815
 Gains on sales of
  securities
  available for
  sale                     -         -       995     4,437     5,239
                    --------- --------- --------- --------- ---------
        Total non-
         interest
         income      117,499   125,026   123,612   117,638   112,054
                    --------- --------- --------- --------- ---------
Non-interest
 expense:
 Compensation and
  employee benefits   86,168    82,700    80,402    81,973    81,451
 Occupancy and
  equipment           28,051    27,819    25,931    24,771    25,379
 Advertising and
  promotions           5,716     6,088     6,578     6,778     6,247
 Deposit account
  losses               4,013     6,607     6,591     3,708     3,567
 Other                35,976    35,264    34,411    32,950    31,373
                    --------- --------- --------- --------- ---------
  Total non-
   interest expense  159,924   158,478   153,913   150,180   148,017
                    --------- --------- --------- --------- ---------
        Income
         before
         income tax
         expense      87,236    92,193    94,375    97,316    96,526
Income tax expense    29,014    26,653    28,889    26,675    33,061
                    --------- --------- --------- --------- ---------
  Net income         $58,222   $65,540   $65,486   $70,641   $63,465
                    ========= ========= ========= ========= =========

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

Dividends declared
 per common share       $.23    $.2125    $.2125    $.2125    $.2125
                    ========= ========= ========= ========= =========

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

Return on average
 assets (1)             1.71 %    2.01 %    2.07 %    2.22 %    2.03 %
Return on average
 common equity (1)     23.82     27.09     27.41     30.23     27.18
Net interest margin
 (1)                    4.25      4.31      4.43      4.53      4.56
Net charge-offs
 (recoveries) as a
 percentage of
 average loans and
  leases (1)             .10       .09       .85       .08     (.02 )
Average total
 equity to average
 assets                 7.18      7.40      7.56      7.36      7.48

(1)  Annualized.



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


                                  Mar. 31,     Dec. 31,    Sept. 30,
                                    2006         2005         2005
                                ------------ ------------ ------------
ASSETS

Cash and due from banks            $332,293     $346,555     $346,065
Investments                          70,655       83,027       91,355
Securities available for sale     1,781,586    1,577,967    1,393,742
Education loans held for sale       281,185      230,623      206,850
Loans and leases:
 Consumer home equity:
  Fixed- and adjustable-rate      3,350,168    2,944,673    2,454,762
  Variable-rate                   1,865,549    2,120,363    2,392,934
 Consumer - other                    34,833       34,544       34,469
                                ------------ ------------ ------------
        Total consumer home
         equity and other         5,250,550    5,099,580    4,882,165
 Commercial real estate:
  Fixed- and adjustable-rate      1,569,078    1,451,488    1,398,340
  Variable-rate                     760,501      809,855      822,223
                                ------------ ------------ ------------
        Total commercial real
         estate                   2,329,579    2,261,343    2,220,563
 Commercial business:
  Fixed- and adjustable-rate        115,745      106,974       85,611
  Variable-rate                     333,619      321,436      348,030
                                ------------ ------------ ------------
        Total commercial
         business                   449,364      428,410      433,641
 Leasing and equipment finance    1,533,034    1,461,491    1,428,653
                                ------------ ------------ ------------
  Subtotal                        9,562,527    9,250,824    8,965,022
 Residential real estate            751,782      792,245      849,069
                                ------------ ------------ ------------
  Total loans and leases         10,314,309   10,043,069    9,814,091
 Allowance for loan and lease
  losses                            (59,488)     (59,509)     (76,207)
                                ------------ ------------ ------------
  Net loans and leases           10,254,821    9,983,560    9,737,884
Premises and equipment              372,746      358,505      345,641
Goodwill                            152,599      152,599      152,599
Other assets                        364,809      336,464      357,401
                                ------------ ------------ ------------
                                $13,610,694  $13,069,300  $12,631,537
                                ============ ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                          $1,554,008   $1,492,418   $1,539,893
 Small business                     590,240      623,310      600,374
 Commercial and custodial           282,408      295,910      325,025
                                ------------ ------------ ------------
  Total non-interest bearing
   deposits                       2,426,656    2,411,638    2,465,292
Interest-bearing deposits:
 Premier checking                   938,055      827,742      694,835
 Other checking                     909,960      936,517    1,004,507
                                ------------ ------------ ------------
  Subtotal                        1,848,015    1,764,259    1,699,342
 Premier savings                    780,046      640,444      436,690
 Other savings                    1,440,818    1,475,505    1,549,451
                                ------------ ------------ ------------
  Subtotal                        2,220,864    2,115,949    1,986,141
 Money market                       669,602      649,123      632,293
                                ------------ ------------ ------------
  Subtotal                        4,738,481    4,529,331    4,317,776
 Certificates of deposit          2,005,639    1,886,787    1,770,805
                                ------------ ------------ ------------
  Total interest-bearing
   deposits                       6,744,120    6,416,118    6,088,581
                                ------------ ------------ ------------
        Total deposits            9,170,776    8,827,756    8,553,873
                                ------------ ------------ ------------
Borrowings:
 Short-term borrowings              674,868      739,372    1,037,240
 Long-term borrowings             2,481,793    2,207,711    1,757,968
                                ------------ ------------ ------------
  Total borrowings                3,156,661    2,947,083    2,795,208
Accrued expenses and other
 liabilities                        305,672      326,693      326,976
                                ------------ ------------ ------------
  Total liabilities              12,633,109   12,101,532   11,676,057
                                ------------ ------------ ------------
Stockholders' equity:
 Common stock                         1,843        1,844        1,844
 Additional paid-in capital         469,062      496,442      496,496
 Retained earnings                1,541,523    1,510,336    1,473,273
 Accumulated other comprehensive
  loss                              (24,638)     (24,157)      (3,104)
 Treasury stock at cost and
  other                          (1,010,205)  (1,016,697)  (1,013,029)
                                ------------ ------------ ------------
                                    977,585      967,768      955,480
                                ------------ ------------ ------------
                                $13,610,694  $13,069,300  $12,631,537
                                ============ ============ ============

Supplemental Information:
-------------------------
Securities available for sale    $1,781,586   $1,577,967   $1,393,742
Residential real estate loans       751,782      792,245      849,069
                                ------------ ------------ ------------
 Total securities available for
  sale and residential real
  estate loans                   $2,533,368   $2,370,212   $2,242,811
                                ============ ============ ============



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

Cash and due from banks                         $331,110     $332,800
Investments                                      101,305      106,006
Securities available for sale                  1,646,986    1,663,412
Education loans held for sale                    213,279      207,430
Loans and leases:
 Consumer home equity:
  Fixed- and adjustable-rate                   2,048,035    1,755,164
  Variable-rate                                2,594,538    2,701,729
 Consumer - other                                 34,012       36,046
                                             ------------ ------------
        Total consumer home equity and other   4,676,585    4,492,939
 Commercial real estate:
  Fixed- and adjustable-rate                   1,365,132    1,327,160
  Variable-rate                                  834,876      841,176
                                             ------------ ------------
        Total commercial real estate           2,200,008    2,168,336
 Commercial business:
  Fixed- and adjustable-rate                      73,654       74,968
  Variable-rate                                  359,269      332,555
                                             ------------ ------------
        Total commercial business                432,923      407,523
 Leasing and equipment finance                 1,412,520    1,389,541
                                             ------------ ------------
  Subtotal                                     8,722,036    8,458,339
 Residential real estate                         919,379      984,764
                                             ------------ ------------
  Total loans and leases                       9,641,415    9,443,103
 Allowance for loan and lease losses             (76,774)     (79,918)
                                             ------------ ------------
  Net loans and leases                         9,564,641    9,363,185
Premises and equipment                           333,614      328,336
Goodwill                                         152,599      152,599
Other assets                                     358,499      340,208
                                             ------------ ------------
                                             $12,702,033  $12,493,976
                                             ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                                       $1,589,015   $1,571,741
 Small business                                  571,701      547,060
 Commercial and custodial                        311,463      313,634
                                             ------------ ------------
  Total non-interest bearing deposits          2,472,179    2,432,435
Interest-bearing deposits:
 Premier checking                                580,093      459,385
 Other checking                                1,075,421    1,089,541
                                             ------------ ------------
  Subtotal                                     1,655,514    1,548,926
 Premier savings                                 345,567      281,529
 Other savings                                 1,603,720    1,606,560
                                             ------------ ------------
  Subtotal                                     1,949,287    1,888,089
 Money market                                    633,762      647,197
                                             ------------ ------------
  Subtotal                                     4,238,563    4,084,212
 Certificates of deposit                       1,707,919    1,592,682
                                             ------------ ------------
  Total interest-bearing deposits              5,946,482    5,676,894
                                             ------------ ------------
        Total deposits                         8,418,661    8,109,329
                                             ------------ ------------
Borrowings:
 Short-term borrowings                           920,471      974,853
 Long-term borrowings                          2,075,264    2,115,369
                                             ------------ ------------
  Total borrowings                             2,995,735    3,090,222
Accrued expenses and other liabilities           352,861      360,362
                                             ------------ ------------
  Total liabilities                           11,767,257   11,559,913
                                             ------------ ------------
Stockholders' equity:
 Common stock                                      1,845        1,846
 Additional paid-in capital                      497,810      503,762
 Retained earnings                             1,431,903    1,394,163
 Accumulated other comprehensive loss             (1,992)      (4,139)
 Treasury stock at cost and other               (994,790)    (961,569)
                                             ------------ ------------
                                                 934,776      934,063
                                             ------------ ------------
                                             $12,702,033  $12,493,976
                                             ============ ============

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





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


                        Mar. 31, Dec. 31, Sept. 30, Jun. 30, Mar. 31,
                          2006     2005     2005      2005     2005
                        -------- -------- --------- -------- --------

ASSETS

  Investments              3.86 %   4.03 %    2.02 %   4.33 %   4.01 %
  Securities available
   for sale                5.32     5.26      5.14     5.18     5.17
  Education loans held
   for sale                6.27     5.75      5.29     4.83     4.41
  Loans and leases:
   Consumer home equity:
      Fixed- and
       adjustable-rate     6.72     6.66      6.68     6.72     6.73
      Variable-rate        8.20     7.68      7.22     6.77     6.41
   Consumer - other        9.23     9.58      9.38     9.19     8.83
           Total
            consumer
            home equity
            and other      7.26     7.11      6.96     6.77     6.56
   Commercial real
    estate:
      Fixed- and
       adjustable-rate     6.18     6.16      6.15     6.14     6.13
      Variable-rate        7.18     6.75      6.27     5.72     5.24
           Total
            commercial
            real estate    6.51     6.38      6.20     5.98     5.79
   Commercial business:
      Fixed- and
       adjustable-rate     6.13     5.90      5.88     5.75     5.65
      Variable-rate        6.85     6.41      6.02     5.56     5.02
           Total
            commercial
            business       6.66     6.29      5.99     5.59     5.14
   Leasing and equipment
    finance                7.12     7.00      6.74     6.83     6.85
      Subtotal             7.03     6.87      6.69     6.52     6.34
   Residential real
    estate                 5.80     5.73      5.73     5.71     5.70
      Total loans and
       leases              6.94     6.78      6.61     6.44     6.27

           Total
            interest-
            earning
            assets         6.68     6.54      6.37     6.22     6.06


LIABILITIES

  Interest-bearing
   deposits:
   Premier checking        3.04     2.97      2.66     2.04     1.86
   Other checking           .25      .23       .23      .21      .14
      Subtotal             1.67     1.52      1.23      .85      .65
   Premier savings         3.79     3.66      3.21     2.51     2.38
   Other savings            .88      .81       .67      .53      .42
      Subtotal             1.90     1.67      1.23      .88      .71
   Money market            2.15     1.78      1.31      .99      .67
      Subtotal             1.84     1.63      1.24      .89      .68
   Certificates of
    deposit                3.70     3.30      2.93     2.65     2.32
      Total interest-
       bearing deposits    2.40     2.12      1.73     1.39     1.14

           Total
            deposits       1.76     1.54      1.23      .98      .80

  Borrowings:
   Short-term borrowings   4.51     4.09      3.52     3.01     2.53
   Long-term borrowings    4.44     4.53      4.62     4.09     3.88
      Total borrowings     4.45     4.42      4.22     3.76     3.46

           Total
            interest-
            bearing
            liabilities    2.45     2.26      1.97     1.71     1.53


Net interest margin        4.25 %   4.31 %    4.43 %   4.53 %   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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