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Press Release

TCF Reports First Quarter Earnings and EPS ($.65)

Company Release - 4/24/2007 8:30 AM ET

WAYZATA, Minn.--(BUSINESS WIRE)--

TCF Financial Corporation ("TCF") (NYSE:TCB):

    FIRST QUARTER HIGHLIGHTS

    --  Record diluted earnings per share of 65 cents

    --  Net income of $82.7 million

    --  Record return on average assets of 2.24 percent

    --  Record return on average common equity of 31.81 percent

    --  Average Power Assets(R) increased $1.2 billion, or 12.2
        percent

    --  Average Power Liabilities(R) increased $566.4 million, or 6.2
        percent

EARNINGS SUMMARY
($ in thousands, except per-share data)
                                                  Three Months
                                                 Ended March 31,
                                           ---------------------------
                                            2007      2006     Change
                                           -------- --------- --------
Net income                                 $82,724   $58,222    42.1 %
Diluted earnings per common share              .65       .45    44.4

Financial Ratios (1)
-----------------------------------------
Return on average assets                      2.24 %    1.71 %
Return on average common equity              31.81     23.82
Net interest margin                           4.00      4.25
Net charge-offs as a
  percentage of average loans and leases       .10       .08
----------------------------------------------------------------------

(1) Annualized.

TCF Financial Corporation ("TCF") (NYSE:TCB) today reported diluted earnings per share of 65 cents for the first quarter of 2007, up 44.4 percent, compared with 45 cents for the same 2006 period. Net income for the first quarter of 2007 was $82.7 million, up 42.1 percent from $58.2 million for the first quarter of 2006. The first quarter of 2007 includes a $31.2 million pre-tax gain on the sale of ten outstate Michigan branches and an $8.5 million reduction of income tax expense related to a favorable settlement with the Internal Revenue Service, for a combined after-tax impact of 23 cents per diluted share. The first quarter of 2006 includes $4.5 million in pre-tax gain on sale 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 2007, return on average assets ("ROA") was 2.24 percent and return on average common equity ("ROE") was 31.81 percent, compared with 1.71 percent and 23.82 percent, respectively, for the first quarter of 2006.

Chief Executive Officer's Statement

"TCF's record earnings for the first quarter of 2007 included a non-recurring gain from the sale of ten outstate Michigan branches and a favorable income tax settlement with the IRS. TCF's first quarter operating results were satisfactory, but like other financial institutions, were negatively impacted by the inverted yield curve and the slow housing markets," said Lynn A. Nagorske, Chief Executive Officer.

Total Revenue

                                     Three Months
($ in thousands)                    Ended March 31,        Change
                                  ------------------- ----------------
                                    2007      2006       $       %
                                  --------- --------- -------- -------

Net interest income               $135,477  $131,168   $4,309    3.3 %
                                  --------- --------- --------
Fees and other revenue:
  Fees and service charges          62,022    61,555      467     .8
  Card revenue                      23,261    21,262    1,999    9.4
  ATM revenue                        8,749     9,099     (350)  (3.8)
  Investments and insurance          2,178     2,488     (310) (12.5)
                                  --------- --------- --------
    Total banking fees and other    96,210    94,404    1,806    1.9
     revenue
  Leasing and equipment finance     14,001    11,915    2,086   17.5
  Other                              1,953     8,252   (6,299) (76.3)
                                  --------- --------- --------
    Total fees and other revenue   112,164   114,571   (2,407)  (2.1)
                                  --------- --------- --------
  Gains on sales of branches and
   real estate                      31,173     2,928   28,245    N.M.
                                  --------- --------- --------
    Total non-interest income      143,337   117,499   25,838   22.0
                                  --------- --------- --------
      Total revenue               $278,814  $248,667  $30,147   12.1
                                  ========= ========= ========

Net interest margin (1)               4.00%     4.25%
Fees and other revenue as a % of:
  Total revenue                      40.23     46.07
  Average assets (1)                  3.03      3.37

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

Net Interest Income

TCF's net interest income in the first quarter of 2007 was $135.5 million, up $4.3 million, or 3.3 percent, from the first quarter of 2006 and down $410 thousand, or .3 percent, from the fourth quarter of 2006. Net interest margin in the first quarter of 2007 was 4.00 percent, compared with 4.25 percent for the first quarter of 2006 and 4.07 percent for the fourth quarter of 2006.

The increase in net interest income from the first quarter of 2006 was primarily attributable to a $1.2 billion, or 9.6 percent, increase in average interest-earning assets, partially offset by the 25 basis point reduction in net interest margin. The decrease in net interest margin from the first quarter of 2006 was primarily due to continued customer preference for lower-yielding fixed-rate loans and higher-cost market-rate deposits, largely due to the flat or inverted yield curve, as well as increased higher-cost borrowings.

The decrease in net interest income from the fourth quarter of 2006 was primarily due to two less days in the first quarter of 2007 and a seven basis point reduction in net interest margin. The decrease in net interest margin from the fourth quarter of 2006 was primarily due to lower yields on interest earning assets and higher rates on deposits.

Non-interest Income

Total non-interest income was $143.3 million for the first quarter of 2007, up $25.8 million, or 22 percent, from the same period of 2006.

Banking fees and service charges were $62 million for the first quarter of 2007, up $467 thousand, or .8 percent, from the first quarter of 2006, primarily attributable to deposit account growth, partially offset by lower overdraft incident rates.

Card revenues totaled $23.3 million for the first quarter of 2007, up $2 million, or 9.4 percent, over the same period in 2006, due to increased sales volume as a result of increases in the number of active accounts and transactions per account.

Leasing and equipment finance revenues were $14 million for the first quarter of 2007, up $2.1 million, or 17.5 percent, from the 2006 first quarter, primarily due to higher operating lease revenue and other fees.

Other revenues were $2 million for the first quarter of 2007, down $6.3 million from the same period of 2006. The decrease in other revenue is partially due to a $4 million decrease in mortgage banking revenue, including a $2.3 million gain on sale of mortgage servicing rights, related to the exit from this business in 2006. Other revenue also declined due to a $2.4 million decrease in gains on sale of educational loans, related to the accelerated sale of certain educational loans in 2006, due to legislative changes to student loan programs.

In the first quarter of 2007, TCF completed its sale of ten outstate branches in Michigan, with $241.4 million of deposits, and recorded a pre-tax gain of $31.2 million.

Branches

During the first quarter of 2007, TCF opened two new traditional and two new supermarket branches, closed four supermarket branches and transferred the customer accounts to nearby branches, and sold ten branches, including the related deposit accounts. TCF has now opened 126 new branches since January 2002, representing 28 percent of TCF's 443 total branches. TCF intends to open 16 additional branches in 2007, consisting of nine traditional branches, four supermarket branches and three campus branches. In order to improve the customer experience and enhance deposit growth, TCF also intends to relocate seven branches to improved locations and facilities, including six traditional branches and one supermarket branch, and to remodel 21 supermarket branches and one traditional branch during the remainder of 2007. TCF also plans to close three traditional branches and one supermarket branch during the remainder of 2007.

During the first quarter of 2007, TCF entered into a new exclusive campus banking relationship with the University of Illinois. This relationship will provide college students with internet banking, bill payment capabilities and checking account access through their i-cards, as well as access to 12 new TCF ATM machines on campus. The University of Illinois has an annual enrollment of 70,000 students, employs 24,000 faculty and staff, and has more than 550,000 alumni. TCF now has 11 campus banking alliances which provide an excellent source of new customers.

                                 March 31,   December 31, December 31,
(# of branches)                    2007         2006         2001
                               ------------- ------------ ------------

Total Branches
-------------------------------
Minnesota                               108          107           88
Illinois                                196          195          179
Michigan                                 55           64           57
Colorado                                 44           44           13
Wisconsin                                33           36           33
Indiana                                   6            6            5
Arizona                                   1            1            -
                               ------------- ------------ ------------
                                        443          453          375
                               ============= ============ ============


New Branches(1)
-------------------------------
   Traditional                           75           73
   Supermarket                           44           43
   Campus                                 7            7
                               ------------- ------------
     Total                              126          123
                               ============= ============
         % of Total Branches             28%          27%
                               ============= ============

----------------------------------------------------------------------
(1) New branches opened since January 1, 2002.

Additional information regarding the results of TCF's new branches opened since January 1, 2002 is summarized as follows:

                             At or For the Three
                                Months Ended
                                  March 31,
                            ---------------------
($ in thousands)               2007       2006     Change   % Change
                            ----------- --------- --------- ----------

Number of deposit accounts     312,624   227,647    84,977      37.3 %
Average deposits:
  Checking                    $345,130  $282,456   $62,674      22.2
  Savings                      326,598   245,728    80,870      32.9
  Money market                  42,243    25,724    16,519      64.2
                            ----------- --------- ---------
   Subtotal                    713,971   553,908   160,063      28.9
  Certificates of deposit      445,026   354,379    90,647      25.6
                            ----------- --------- ---------
   Total deposits           $1,158,997  $908,287  $250,710      27.6
                            =========== ========= =========

Total fees and other revenue
 (quarter ended)               $14,956   $11,584    $3,372      29.1
                            =========== ========= =========

Power Assets(R)

TCF's Average Power Assets increased $1.2 billion, or 12.2 percent, from the first quarter of 2006. TCF's average consumer loan balances increased $709.4 million, or 13.5 percent, average commercial loan balances increased $152.9 million, or 5.5 percent, and leasing and equipment finance balances increased $304.9 million, or 19.9 percent, from the first quarter of 2006.

TCF's Average Power Assets increased $175.2 million, or 6.6 percent (annualized), from the fourth quarter of 2006. The first quarter's lower annualized growth rate is primarily related to slower growth in consumer home equity loans, resulting from the soft housing markets and increased prepayments of commercial real estate loans.

"TCF continues to focus on our high quality, prime home equity customers, in the slower consumer housing market," said Lynn A. Nagorske, Chief Executive Officer.

                         Average Balances for the
                       Three Months Ended March 31,       Change
                       ---------------------------- ------------------
($ in thousands)            2007           2006          $        %
                       ---------------- ----------- ----------- ------
Loans and leases(1):
 Consumer home equity
  and other:
  Home equity:
   First mortgage lien     $ 3,808,390  $3,409,051    $399,337  11.7 %
   Junior lien               2,109,723   1,806,666     303,057  16.8
                       ---------------- ----------- -----------
    Total consumer home
     equity                  5,918,113   5,215,717     702,394  13.5
  Other                         41,853      34,833       7,021  20.2
                       ---------------- ----------- -----------
    Total consumer home
     equity and other        5,959,966   5,250,550     709,415  13.5
 Commercial real estate      2,377,683   2,329,579      48,104   2.1
 Commercial business           554,127     449,364     104,763  23.3
 Leasing and equipment
  finance                    1,837,964   1,533,034     304,930  19.9
                       ---------------- ----------- -----------
    Power Assets          $ 10,729,740  $9,562,527  $1,167,212  12.2
                       ================ =========== ===========

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

Power Liabilities(R)

Average Power Liabilities totaled $9.7 billion for the first quarter of 2007, with an average interest rate of 2.38 percent, an increase of $566.4 million, or 6.2 percent, from the first quarter of 2006. The growth in average Power Liabilities was 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, and money market balances. Average custodial balances decreased $81.9 million primarily due to the sale of mortgage servicing rights in the first quarter of 2006.

Average Power Liabilities increased $210.2 million, or 8.8 percent (annualized), from the fourth quarter of 2006. The first quarter's higher annualized growth rate is primarily attributable to growth in interest-bearing deposit products.

                            Average Balances and
                                Rates for the
                             Three Months Ended
                                  March 31,              Change
                           ----------------------- ------------------
($ in thousands)              2007        2006         $         %
                           ----------- ----------- ---------   ------
Non-interest bearing
 deposits:
 Retail                    $1,532,150  $1,554,007  $(21,857)    (1.4)%
 Small business               596,460     590,240     6,220      1.1
 Commercial and custodial     201,860     282,409   (80,549)   (28.5)
                           ----------- ----------- ---------
  Total non-interest
   bearing deposits         2,330,470   2,426,656   (96,186)    (4.0)
Interest-bearing deposits:
 Premier checking           1,073,500     938,055   135,445     14.4
 Other checking               824,512     909,960   (85,448)    (9.4)
                           ----------- ----------- ---------
  Subtotal                  1,898,012   1,848,015    49,997      2.7
 Premier savings            1,070,059     780,046   290,013     37.2
 Other savings              1,314,471   1,440,818  (126,347)    (8.8)
                           ----------- ----------- ---------
  Subtotal                  2,384,530   2,220,864   163,666      7.4
 Money market                 610,286     669,602   (59,316)    (8.9)
                           ----------- ----------- ---------
  Subtotal                  4,892,828   4,738,481   154,347      3.3
 Certificates of deposit    2,513,838   2,005,639   508,199     25.3
                           ----------- ----------- ---------
  Total interest-bearing
   deposits                 7,406,666   6,744,120   662,546      9.8
                           ----------- ----------- ---------
  Power Liabilities        $9,737,136  $9,170,776  $566,360      6.2
                           =========== =========== =========

Average rate on deposits         2.38 %      1.76 %      62 bps  N/A
Total number of deposit
 accounts (1)               2,406,725   2,289,236   117,489      5.1

---------------------------------------------------------------------
N/A Not Applicable.
(1) Excluding sold Michigan branches.

Non-interest Expense

Non-interest expense totaled $164.2 million for the first quarter of 2007, up $3.9 million, or 2.4 percent, from $160.3 million for the first quarter of 2006.

Compensation and employee benefits were well controlled and increased only $1.9 million, or 2.2 percent, from the first quarter of 2006. Branch expansion increased employee compensation and benefits by $1.5 million during the first quarter.

Occupancy and equipment expenses increased $2.4 million, or 8.6 percent, from the first quarter of 2006, primarily driven by a $1.1 million increase in costs associated with branch expansion.

Operating lease depreciation increased $1.2 million from the first quarter of 2006, primarily due to a $20.1 million increase in average operating lease balances in TCF's leasing and equipment finance subsidiaries.

Other expenses decreased by $1.9 million, or 5 percent, from the first quarter of 2006, primarily attributable to a $700 thousand decrease in expenses due to the sale of mortgage servicing rights in the first quarter of 2006, and a $555 thousand recovery on the redemption of a commercial real estate property in the first quarter of 2007.

                                    Three Months Ended
                                         March 31,         Change
                                    ------------------- -------------
($ in thousands)                      2007      2006       $      %
                                    --------- --------- ------- -----

Compensation and employee benefits   $88,093   $86,168  $1,925   2.2 %
Occupancy and equipment               30,451    28,051   2,400   8.6
Advertising and promotions             5,981     5,716     265   4.6
Other                                 35,315    37,182  (1,867) (5.0)
                                    --------- --------- -------
     Subtotal                        159,840   157,117   2,723   1.7
Operating lease depreciation           4,360     3,163   1,197  37.8
                                    --------- --------- -------
    Total non-interest expense      $164,200  $160,280  $3,920   2.4
                                    ========= ========= =======

Credit Quality

At March 31, 2007, TCF's allowance for loan and lease losses totaled $60.5 million, or .53 percent of loans and leases, compared with $58.5 million, or .52 percent, at December 31, 2006. The provision for credit losses for the first quarter of 2007 was $4.7 million, up $3.5 million from the first quarter of 2006, primarily due to higher consumer home equity charge-offs partially offset by a $2.1 million recovery on a previously charged-off lease. Net loan and lease charge-offs in the first quarter of 2007 were $2.7 million, or .10 percent (annualized) of average loans and leases, compared with $2.2 million, or .08 percent (annualized) for the same 2006 period.

At March 31, 2007, TCF's over-30-day delinquency rate was .41 percent, down from .63 percent at December 31, 2006. Non-accrual loans and leases were $55.1 million, or .49 percent of net loans and leases, at March 31, 2007, compared with $43.2 million, or .38 percent, at December 31, 2006. Total non-performing assets were $82.3 million, or .55 percent of total assets, at March 31, 2007, up from $65.6 million, or .45 percent, at December 31, 2006. The increase in non-accrual loans and leases from December 31, 2006 was primarily due to a $13.8 million Minnesota commercial real estate loan, which migrated from delinquent status in the first quarter of 2007.

                                                    Three Months Ended
                                                        March 31,
                                                    ------------------
($ in thousands)                                      2007     2006
                                                    --------- --------
Allowance for loan and lease losses:
 Balance at beginning of period                      $58,543  $55,823
   Net (charge-offs) recoveries:
     Consumer home equity                             (3,262)  (1,399)
     Consumer other                                      287      316
                                                    --------- --------
       Total consumer                                 (2,975)  (1,083)
     Commercial real estate                             (403)     (69)
     Commercial business                                (148)    (154)
     Leasing and equipment finance                       838     (831)
     Residential real estate                             (28)     (32)
                                                    --------- --------
       Total                                          (2,716)  (2,169)
   Provision for credit losses                         4,656    1,151
                                                    --------- --------
 Balance at end of period                            $60,483  $54,805
                                                    ========= ========

Income Taxes

TCF's income tax expense was $27.2 million for the first quarter of 2007, or 24.8 percent of pre-tax income, compared with $29 million, or 33.3 percent, for the comparable 2006 period. The income tax expense for the first quarter of 2007 includes an $8.5 million reduction related to a favorable settlement with the IRS of a tax issue from a prior year. Excluding this item, the effective income tax rate was 32.5 percent, slightly lower than the first quarter of 2006.

Effective January 1, 2007, TCF adopted Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes, with no adjustment to TCF's financial statements.

Capital

During the first quarter of 2007, TCF repurchased 1.1 million shares of its common stock at an average cost of $26.44 per share. On April 14, 2007, TCF's Board of Directors authorized a new stock repurchase program for the company to acquire up to five percent of TCF common stock, or an additional 6.5 million shares. TCF has a total of 8.2 million shares authorized under its stock repurchase programs.


($ in thousands, except per-       At March 31,        At March 31,
 share data)                           2007                2006
                                ------------------- ------------------

Stockholders' equity            $1,062,008           $968,300
Stockholders' equity to total
 assets                               7.13 %             6.99 %
Book value per common share          $8.21              $7.35

Tier 1 risk-based capital         $940,227   8.83 %  $850,945   8.36 %
Total risk-based capital         1,201,061  11.28   1,110,762  10.91
Total risk-based capital "well-
 capitalized" requirement        1,064,644  10.00   1,017,778  10.00
Excess risk-based capital over
 "well-capitalized" requirement    136,417   1.28      92,984    .91

Website Information

A live webcast of TCF's conference call to discuss first quarter earnings will be hosted at TCF's website, www.tcfbank.com, on April 24, 2007 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 $14.9 billion in total assets. TCF has 443 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana and Arizona. Other TCF affiliates provide leasing and equipment finance, 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 deposit accounts and the possibility that deposit account losses (fraudulent checks, etc.) may increase; impact of legal, legislative or other changes affecting customer account charges and fee income; 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, including adoption of state legislation that would increase state taxes; adoption of proposed federal legislation reducing interest subsidies and other benefits available to TCF in its education lending programs; 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 or changes in allowance for loan and lease losses methodology dictated by new regulatory requirements; 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,          Change
                                   ------------------- ---------------
                                     2007      2006       $       %
                                   --------- --------- -------- ------
Interest income:
 Loans and leases                  $201,605  $176,983  $24,622   13.9
 Securities available for sale       25,105    23,699    1,406    5.9
 Education loans held for sale        4,146     4,347     (201)  (4.6)
 Investments                          2,806       677    2,129    N.M.
                                   --------- --------- --------
   Total interest income            233,662   205,706   27,956   13.6
                                   --------- --------- --------
Interest expense:
 Deposits                            57,155    39,847   17,308   43.4
 Borrowings                          41,030    34,691    6,339   18.3
                                   --------- --------- --------
   Total interest expense            98,185    74,538   23,647   31.7
                                   --------- --------- --------
      Net interest income           135,477   131,168    4,309    3.3
Provision for credit losses           4,656     1,151    3,505    N.M.
                                   --------- --------- --------
   Net interest income after
    provision for credit losses     130,821   130,017      804     .6
                                   --------- --------- --------
Non-interest income:
 Fees and service charges            62,022    61,555      467     .8
 Card revenue                        23,261    21,262    1,999    9.4
 ATM revenue                          8,749     9,099     (350)  (3.8)
 Investments and insurance revenue    2,178     2,488     (310) (12.5)
                                   --------- --------- --------
   Subtotal                          96,210    94,404    1,806    1.9
 Leasing and equipment finance       14,001    11,915    2,086   17.5
 Other                                1,953     8,252   (6,299) (76.3)
                                   --------- --------- --------
   Fees and other revenue           112,164   114,571   (2,407)  (2.1)
 Gains on sales of branches and
  real estate                        31,173     2,928   28,245    N.M.
                                   --------- --------- --------
   Total non-interest income        143,337   117,499   25,838   22.0
                                   --------- --------- --------
Non-interest expense:
 Compensation and employee benefits  88,093    86,168    1,925    2.2
 Occupancy and equipment             30,451    28,051    2,400    8.6
 Advertising and promotions           5,981     5,716      265    4.6
 Other                               35,315    37,182   (1,867)  (5.0)
                                   --------- --------- --------
   Subtotal                         159,840   157,117    2,723    1.7
 Operating lease depreciation         4,360     3,163    1,197   37.8
                                   --------- --------- --------
   Total non-interest expense       164,200   160,280    3,920    2.4
                                   --------- --------- --------
      Income before income tax
       expense                      109,958    87,236   22,722   26.0
Income tax expense                   27,234    29,014   (1,780)  (6.1)
                                   --------- --------- --------
      Net income                    $82,724   $58,222  $24,502   42.1
                                   ========= ========= ========

Net income per common share:
 Basic                                 $.65      $.45     $.20   44.4
                                   ========= ========= ========
 Diluted                               $.65      $.45     $.20   44.4
                                   ========= ========= ========

Dividends declared per common share  $.2425      $.23   $.0125    5.4
                                   ========= ========= ========

Average common and common
 equivalent shares outstanding (in
 thousands):
   Basic                            127,676   130,282   (2,606)  (2.0)
                                   ========= ========= ========
   Diluted                          127,921   130,447   (2,526)  (1.9)
                                   ========= ========= ========


N.M. Not meaningful.
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
            CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
            (Dollars in thousands, except per-share data)




                                     At           At           At
                                 March 31,   December 31,  March 31,
                                    2007         2006         2006
                                ------------ ------------ ------------
                                (Unaudited)               (Unaudited)
ASSETS

Cash and due from banks            $282,502     $348,980     $330,891
Investments                         272,273      170,129       72,082
Securities available for sale     1,859,244    1,816,126    1,816,135
Education loans held for sale       208,107      144,574      234,324
Loans and leases:
  Consumer home equity and other  6,041,881    5,945,077    5,384,702
  Commercial real estate          2,362,023    2,390,653    2,394,722
  Commercial business               561,434      551,995      469,754
  Leasing and equipment finance   1,849,874    1,818,165    1,575,483
                                ------------ ------------ ------------
     Subtotal                    10,815,212   10,705,890    9,824,661
  Residential real estate           602,748      627,790      732,912
                                ------------ ------------ ------------
     Total loans and leases      11,417,960   11,333,680   10,557,573
  Allowance for loan and lease
   losses                           (60,483)     (58,543)     (54,805)
                                ------------ ------------ ------------
     Net loans and leases        11,357,477   11,275,137   10,502,768
Premises and equipment, net         416,570      406,087      375,679
Goodwill                            152,599      152,599      152,599
Other assets                        349,603      356,102      367,458
                                ------------ ------------ ------------
                                $14,898,375  $14,669,734  $13,851,936
                                ============ ============ ============

LIABILITIES AND STOCKHOLDERS'
 EQUITY

Deposits:
  Checking                       $4,404,950   $4,348,256   $4,463,456
  Savings                         2,415,895    2,351,580    2,360,507
  Money market                      599,635      585,779      637,223
                                ------------ ------------ ------------
     Subtotal                     7,420,480    7,285,615    7,461,186
  Certificates of deposit         2,477,230    2,483,635    2,128,723
                                ------------ ------------ ------------
     Total deposits               9,897,710    9,769,250    9,589,909
                                ------------ ------------ ------------
Short-term borrowings                47,376      214,112      346,528
Long-term borrowings              3,571,930    3,374,428    2,688,131
                                ------------ ------------ ------------
     Total borrowings             3,619,306    3,588,540    3,034,659
Accrued expenses and other
 liabilities                        319,351      278,570      259,068
                                ------------ ------------ ------------
     Total liabilities           13,836,367   13,636,360   12,883,636
                                ------------ ------------ ------------
Stockholders' equity:
  Common stock, par value $.01
   per share, 280,000,000 shares
   authorized; 131,520,842;
   131,660,749 and 184,220,375
   shares issued                      1,315        1,317        1,842
  Additional paid-in capital        350,739      343,744      468,968
  Retained earnings, subject to
   certain restrictions             835,218      784,011    1,564,207
  Accumulated other
   comprehensive loss               (32,238)     (34,926)     (38,121)
  Treasury stock at cost,
   2,214,530; 1,242,413 and
   52,397,230 shares, and other     (93,026)     (60,772)  (1,028,596)
                                ------------ ------------ ------------
          Total stockholders'
           equity                 1,062,008    1,033,374      968,300
                                ------------ ------------ ------------
                                $14,898,375  $14,669,734  $13,851,936
                                ============ ============ ============


N.M. Not meaningful.



                                                   % Change from
                                              -----------------------
                                              December 31, March 31,
                                                 2006        2006
                                              ------------ ----------

ASSETS

Cash and due from banks                             (19.0)%    (14.6)%
Investments                                          60.0        N.M.
Securities available for sale                         2.4        2.4
Education loans held for sale                        43.9      (11.2)
Loans and leases:
  Consumer home equity and other                      1.6       12.2
  Commercial real estate                             (1.2)      (1.4)
  Commercial business                                 1.7       19.5
  Leasing and equipment finance                       1.7       17.4
      Subtotal                                        1.0       10.1
  Residential real estate                            (4.0)     (17.8)
      Total loans and leases                           .7        8.1
  Allowance for loan and lease losses                (3.3)     (10.4)
      Net loans and leases                             .7        8.1
Premises and equipment, net                           2.6       10.9
Goodwill                                                -          -
Other assets                                         (1.8)      (4.9)
                                                      1.6        7.6

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
  Checking                                            1.3       (1.3)
  Savings                                             2.7        2.3
  Money market                                        2.4       (5.9)
      Subtotal                                        1.9        (.5)
  Certificates of deposit                             (.3)      16.4
      Total deposits                                  1.3        3.2
Short-term borrowings                               (77.9)     (86.3)
Long-term borrowings                                  5.9       32.9
      Total borrowings                                 .9       19.3
Accrued expenses and other liabilities               14.6       23.3
      Total liabilities                               1.5        7.4
Stockholders' equity:
  Common stock, par value $.01 per share,
   280,000,000 shares authorized;
   131,520,842; 131,660,749 and 184,220,375
   shares issued                                      (.2)     (28.6)
  Additional paid-in capital                          2.0      (25.2)
  Retained earnings, subject to certain
   restrictions                                       6.5      (46.6)
  Accumulated other comprehensive loss                7.7       15.4
  Treasury stock at cost, 2,214,530;
   1,242,413 and 52,397,230 shares, and
   other                                            (53.1)      91.0
          Total stockholders' equity                  2.8        9.7
                                                      1.6        7.6


N.M. Not meaningful.
             TCF FINANCIAL CORPORATION AND SUBSIDIARIES
                         CREDIT QUALITY DATA
                       (Dollars in thousands)
                             (Unaudited)



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


                          At or For the Quarter Ended March 31, 2007
                          -------------------------------------------


                                                     Net Charge-offs
                                         Allowance     (Recoveries)
                                         as a % of  ------------------
                            Allowance    Portfolio      $      % (1)
                          -------------- ---------- ---------- ------
 Consumer home equity           $15,345        .26 %   $3,262    .22 %
 Consumer other                   1,965       3.33       (287)   N.M.
                          --------------            ----------
   Total consumer               $17,310        .29     $2,975    .20
 Commercial real estate          22,367        .95        403    .07
 Commercial business              7,294       1.30        148    .11
 Leasing and equipment
  finance                        12,970        .70       (838)  (.18)
 Residential real estate            542        .09         28    .02
                          --------------            ----------
   Total                        $60,483        .53     $2,716    .10
                          ==============            ==========


                          At or For the Year Ended December 31, 2006
                         --------------------------------------------


                                                     Net Charge-offs
                                        Allowance      (Recoveries)
                                        as a % of   ------------------
                           Allowance    Portfolio       $        %
                         ------------- ------------ --------- -------
 Consumer home equity         $12,615          .21 %  $7,346     .13 %
 Consumer other                 2,211         3.54     4,802     N.M.
                         -------------              ---------
  Total consumer              $14,826          .25   $12,148     .22
 Commercial real estate        22,662          .95       189     .01
 Commercial business            7,503         1.36       469     .09
 Leasing and equipment
  finance                      12,990          .71     4,892     .29
 Residential real
  estate                          562          .09       271     .04
                         -------------              ---------
  Total                       $58,543          .52   $17,969     .17
                         =============              =========

Quarterly Net
 Charge-Offs:
--------------------
                               Quarter Ended           Change from
                        --------------------------- -----------------
                        Mar. 31, Dec. 31,  Mar. 31, Dec. 31, Mar. 31,
                         2007      2006     2006     2006     2006
                        -------- --------- -------- -------- --------

 Consumer home
  equity                 $3,262    $3,100   $1,399     $162   $1,863
 Consumer other            (287)    1,611     (316)  (1,898)      29
                        -------- --------- -------- -------- --------
  Total consumer         $2,975    $4,711   $1,083  $(1,736)  $1,892
 Commercial real
  estate                    403       (28)      69      431      334
 Commercial
  business                  148       168      154      (20)      (6)
 Leasing and
  equipment finance        (838)    1,611      831   (2,449)  (1,669)
 Residential real
  estate                     28       166       32     (138)      (4)
                        -------- --------- -------- -------- --------
  Total                  $2,716    $6,628   $2,169  $(3,912)    $547
                        ======== ========= ======== ======== ========


Quarterly Net Charge-Offs as a Percentage
 of Average Loans and Leases:
------------------------------------------

                             Quarter Ended (1)         Change from
                        --------------------------- -----------------
                        Mar. 31, Dec. 31,  Mar. 31, Dec. 31, Mar. 31,
                         2007      2006     2006     2006     2006
                        -------- --------- -------- -------- --------

 Consumer home
  equity                    .22 %     .21 %    .11 %    .01 %    .11 %
 Total consumer             .20       .32      .08     (.12)     .12
 Commercial real
  estate                    .07         -      .01      .07      .06
 Commercial
  business                  .11       .13      .14     (.02)    (.03)
 Leasing and
  equipment finance        (.18)      .36      .22     (.54)    (.40)
 Residential real
  estate                    .02       .10      .02     (.08)       -
  Total                     .10       .24      .08     (.14)     .02


Non-performing
 assets:                                               Change from
-------------------        At       At        At    -----------------
                        Mar. 31, Dec. 31,  Mar. 31, Dec. 31, Mar. 31,
                          2007     2006      2006    2006     2006
                        -------- --------- -------- -------- --------
 Non-accrual loans
  and leases:
  Consumer home
   equity and other     $18,059   $16,520  $12,631   $1,539   $5,428
  Commercial real
   estate                25,500    12,849    7,010   12,651   18,490
  Commercial
   business               2,292     3,421    2,105   (1,129)     187
  Leasing and
   equipment finance      5,978     7,596    7,798   (1,618)  (1,820)
  Residential real
   estate                 3,277     2,799    1,221      478    2,056
                        -------- --------- -------- -------- --------
   Total non-accrual
    loans and leases     55,106    43,185   30,765   11,921   24,341
 Other real estate
  owned:
  Residential real
   estate                26,241    19,899   17,779    6,342    8,462
  Commercial real
   estate                   971     2,554    2,957   (1,583)  (1,986)
                        -------- --------- -------- -------- --------
   Total other real
    estate owned         27,212    22,453   20,736    4,759    6,476
                        -------- --------- -------- -------- --------
  Total non-
   performing assets    $82,318   $65,638  $51,501  $16,680  $30,817
                        ======== ========= ======== ======== ========

N.M. Not meaningful.

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



Over 30-day delinquency data
 (1):
----------------------------     At March 31,       At December 31,
                                     2007                2006
                              ------------------- -------------------

                              Principal   % of    Principal   % of
                              Balances  Portfolio Balances  Portfolio
                              --------- --------- --------- ---------
 Consumer home equity and
  other                        $27,653       .46 % $34,313       .58 %
 Commercial real estate          3,857       .17    18,072       .76
 Commercial business             1,021       .18       762       .14
 Leasing and equipment
  finance                        7,102       .39     8,499       .47
 Residential real estate         7,181      1.20    10,047      1.61
                              ---------           ---------
   Total                       $46,814       .41   $71,693       .63
                              =========           =========



Over 30-day delinquency data (1):
-------------------------------------           At March 31,
                                                    2006
                                       ------------------------------

                                          Principal         % of
                                          Balances        Portfolio
                                       ---------------  -------------
 Consumer home equity and other               $20,087            .37 %
 Commercial real estate                         3,011            .13
 Commercial business                              124            .03
 Leasing and equipment finance                  6,059            .39
 Residential real estate                        7,669           1.05
                                       ---------------
  Total                                       $36,950            .35
                                       ===============
                                                      Change from
                        At        At       At     --------------------
                     March 31, Dec. 31, March 31,  Dec. 31,  March 31,
                       2007      2006     2006      2006       2006
                     --------- -------- --------- ---------- ---------
    Accruing loans
     and leases 90
     or more days
     past due         $10,131  $12,214   $12,965    $(2,083)  $(2,834)
                     ========= ======== ========= ========== =========


Potential Problem
 Loans and Leases
 (2):                                                 Change from
------------------      At        At       At     --------------------
                     March 31, Dec. 31, March 31,  Dec. 31,  March 31,
                       2007      2006     2006      2006       2006
                     --------- -------- --------- ---------- ---------
    Commercial
     real estate      $25,563  $43,216   $48,360   $(17,653) $(22,797)
    Commercial
     business          16,747   11,664    10,026      5,083     6,721
    Leasing and
     equipment
     finance           12,316   11,265     8,348      1,051     3,968
                     --------- -------- --------- ---------- ---------
                      $54,626  $66,145   $66,734   $(11,519) $(12,108)
                     ========= ======== ========= ========== =========

(1) Excludes non-accrual loans and leases.
(2) 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,
                                       -------------------------------
                                                   2007
                                       -------------------------------

                                                              Yields
                                                                and
                                         Average              Rates
                                         Balance     Interest   (1)
                                       ------------ --------- ------

ASSETS

  Investments                             $231,256    $2,806   4.91 %
  Securities available for sale          1,861,335    25,105   5.40
  Education loans held for sale            201,924     4,146   8.33
  Loans and leases:
   Consumer home equity:
    Fixed-rate                           4,475,520    76,676   6.95
    Variable-rate                        1,442,593    31,408   8.83
   Consumer - other                         41,853     1,021   9.89
                                       ------------ ---------
     Total consumer home equity and
      other                              5,959,966   109,105   7.42
   Commercial real estate:
    Fixed- and adjustable-rate           1,732,636    27,236   6.38
    Variable-rate                          645,047    12,281   7.72
                                       ------------ ---------
     Total commercial real estate        2,377,683    39,517   6.74
   Commercial business:
    Fixed- and adjustable-rate             163,014     2,606   6.48
    Variable-rate                          391,113     7,247   7.51
                                       ------------ ---------
     Total commercial business             554,127     9,853   7.21
   Leasing and equipment finance         1,837,964    34,247   7.45
                                       ------------ ---------
    Subtotal                            10,729,740   192,722   7.27
   Residential real estate                 614,970     8,883   5.79
                                       ------------ ---------
    Total loans and leases              11,344,710   201,605   7.19
                                       ------------ ---------

     Total interest-earning assets      13,639,225   233,662   6.92
                                       ------------ ---------

  Other assets                           1,162,261
                                       ------------

   Total assets                        $14,801,486
                                       ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                               $1,532,150
   Small business                          596,460
   Commercial and custodial                201,860
                                       ------------
    Total non-interest bearing deposits  2,330,470
  Interest-bearing deposits:
   Premier checking                      1,073,500     8,206   3.10
   Other checking                          824,512       534   0.26
                                       ------------ ---------
    Subtotal                             1,898,012     8,740   1.87
   Premier savings                       1,070,059    11,319   4.29
   Other savings                         1,314,471     3,594   1.11
                                       ------------ ---------
    Subtotal                             2,384,530    14,913   2.54
   Money market                            610,286     4,349   2.89
                                       ------------ ---------
    Subtotal                             4,892,828    28,002   2.32
   Certificates of deposit               2,513,838    29,153   4.70
                                       ------------ ---------
    Total interest-bearing deposits      7,406,666    57,155   3.13
                                       ------------ ---------

     Total deposits                      9,737,136    57,155   2.38
                                       ------------ ---------

  Borrowings:
   Short-term borrowings                    87,928     1,172   5.41
   Long-term borrowings                  3,599,032    39,858   4.49
                                       ------------ ---------
     Total borrowings                    3,686,960    41,030   4.51
                                       ------------ ---------

   Total deposits and borrowings        13,424,096    98,185   2.96
                                       ------------ ---------

  Other liabilities                        337,178
                                       ------------

   Total liabilities                    13,761,274

  Stockholders' equity                   1,040,212
                                       ------------

   Total liabilities and
     stockholders' equity              $14,801,486
                                       ============


Net interest income and margin                      $135,477   4.00 %
                                                    ========= ======

(1) Annualized.



                                        Three Months Ended March 31,
                                      --------------------------------
                                                    2006
                                        ------------------------------

                                                               Yields
                                                                 and
                                          Average              Rates
                                          Balance    Interest    (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-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            1,569,077    23,926   6.18
    Variable-rate                           760,502    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                            1,167,325
                                        ------------

   Total assets                         $13,615,060
                                        ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                                $1,554,007
   Small business                           590,240
   Commercial and custodial                 282,409
                                        ------------
    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   1.85
   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                         310,038
                                        ------------

   Total liabilities                     12,637,475

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

   Total liabilities and
     stockholders' equity               $13,615,060
                                        ============


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

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


                            At or For the Three Months Ended
                    -------------------------------------------------
                    Mar. 31,  Dec. 31,  Sep. 30,  Jun. 30,  Mar. 31,
                      2007      2006      2006      2006      2006
                    --------- --------- --------- --------- ---------
Interest income:
 Loans and leases   $201,605  $204,150  $199,469  $188,988  $176,983
 Securities
  available for
  sale                25,105    24,699    24,481    25,156    23,699
 Education loans
  held for sale        4,146     3,019     3,438     4,205     4,347
 Investments           2,806     1,173       862       792       677
                    --------- --------- --------- --------- ---------
  Total interest
   income            233,662   233,041   228,250   219,141   205,706
                    --------- --------- --------- --------- ---------
Interest expense:
 Deposits             57,155    55,996    53,234    46,247    39,847
 Borrowings           41,030    41,158    39,983    37,452    34,691
                    --------- --------- --------- --------- ---------
  Total interest
   expense            98,185    97,154    93,217    83,699    74,538
                    --------- --------- --------- --------- ---------
      Net interest
       income        135,477   135,887   135,033   135,442   131,168
Provision for
 credit losses         4,656    10,073     5,288     4,177     1,151
                    --------- --------- --------- --------- ---------
  Net interest
   income after
   provision for
      credit losses  130,821   125,814   129,745   131,265   130,017
                    --------- --------- --------- --------- ---------
Non-interest
 income:
 Fees and service
  charges             62,022    66,735    70,777    71,099    61,555
 Card revenue         23,261    23,485    24,353    22,984    21,262
 ATM revenue           8,749     9,019     9,880     9,762     9,099
 Investments and
  insurance revenue    2,178     2,087     3,226     2,894     2,488
                    --------- --------- --------- --------- ---------
  Subtotal            96,210   101,326   108,236   106,739    94,404
 Leasing and
  equipment finance   14,001    15,165    13,372    12,552    11,915
 Other                 1,953     2,340     6,644     4,331     8,252
                    --------- --------- --------- --------- ---------
  Fees and other
   revenue           112,164   118,831   128,252   123,622   114,571
 Gains on sales of
  branches and real
  estate              31,173         -     1,260         -     2,928
                    --------- --------- --------- --------- ---------
      Total non-
       interest
       income        143,337   118,831   129,512   123,622   117,499
                    --------- --------- --------- --------- ---------
Non-interest
 expense:
 Compensation and
  employee benefits   88,093    85,811    84,795    85,083    86,168
 Occupancy and
  equipment           30,451    29,905    28,664    27,998    28,051
 Advertising and
  promotions           5,981     6,235     8,220     6,755     5,716
 Other                35,315    39,611    36,931    37,725    37,182
                    --------- --------- --------- --------- ---------
  Subtotal           159,840   161,562   158,610   157,561   157,117
 Operating lease
  depreciation         4,360     4,000     3,779     3,405     3,163
                    --------- --------- --------- --------- ---------
  Total non-
   interest expense  164,200   165,562   162,389   160,966   160,280
                    --------- --------- --------- --------- ---------
      Income before
       income tax
       expense       109,958    79,083    96,868    93,921    87,236
Income tax expense    27,234    25,350    30,941    26,860    29,014
                    --------- --------- --------- --------- ---------
  Net income         $82,724   $53,733   $65,927   $67,061   $58,222
                    ========= ========= ========= ========= =========

Net income per
 common share:
 Basic                  $.65      $.42      $.51      $.52      $.45
                    ========= ========= ========= ========= =========
 Diluted                $.65      $.42      $.51      $.52      $.45
                    ========= ========= ========= ========= =========

Dividends declared
 per common share     $.2425      $.23      $.23      $.23      $.23
                    ========= ========= ========= ========= =========

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

Return on average
 assets (1)             2.24 %    1.49 %    1.86 %    1.92 %    1.71 %
Return on average
 common equity (1)     31.81     20.68     26.44     27.75     23.82
Net interest margin
 (1)                    4.00      4.07      4.11      4.22      4.25
Net charge-offs as
 a percentage of
 average loans and
 leases (1)             0.10       .24       .18       .16       .08
Average total
 equity to average
 assets                 7.03 %    7.20 %    7.02 %    6.92 %    7.18 %

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



                                  Mar. 31,     Dec. 31,     Sep. 30,
                                   2007         2006         2006
                                ------------ ------------ ------------

ASSETS

Cash and due from banks            $309,741     $316,389     $322,484
Investments                         231,256      101,548       72,393
Securities available for sale     1,861,335    1,840,649    1,829,917
Education loans held for sale       201,924      145,283      190,724
Loans and leases:
 Consumer home equity:
  Fixed-rate                      4,475,520    4,293,070    4,027,680
  Variable-rate                   1,442,593    1,502,537    1,585,487
 Consumer - other                    41,853       40,119       36,978
                                ------------ ------------ ------------
      Total consumer home equity
       and other                  5,959,966    5,835,726    5,650,145
 Commercial real estate:
  Fixed- and adjustable-rate      1,732,636    1,718,735    1,699,431
  Variable-rate                     645,047      692,497      709,806
                                ------------ ------------ ------------
      Total commercial real
       estate                     2,377,683    2,411,232    2,409,237
 Commercial business:
  Fixed- and adjustable-rate        163,014      152,018      142,293
  Variable-rate                     391,113      384,360      403,070
                                ------------ ------------ ------------
      Total commercial business     554,127      536,378      545,363
 Leasing and equipment finance    1,837,964    1,771,231    1,707,045
                                ------------ ------------ ------------
  Subtotal                       10,729,740   10,554,567   10,311,790
 Residential real estate            614,970      643,087      676,454
                                ------------ ------------ ------------
  Total loans and leases         11,344,710   11,197,654   10,988,244
 Allowance for loan and lease
  losses                            (58,714)     (56,440)     (55,079)
                                ------------ ------------ ------------
  Net loans and leases           11,285,996   11,141,214   10,933,165
Premises and equipment              414,041      400,812      388,099
Goodwill                            152,599      152,599      152,599
Other assets                        344,594      347,516      321,465
                                ------------ ------------ ------------
                                $14,801,486  $14,446,010  $14,210,846
                                ============ ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                          $1,532,150   $1,457,265   $1,484,651
 Small business                     596,460      629,011      615,119
 Commercial and custodial           201,860      206,034      209,365
                                ------------ ------------ ------------
  Total non-interest bearing
   deposits                       2,330,470    2,292,310    2,309,135
Interest-bearing deposits:
 Premier checking                 1,073,500    1,042,361    1,021,560
 Other checking                     824,512      813,851      840,966
                                ------------ ------------ ------------
  Subtotal                        1,898,012    1,856,212    1,862,526
 Premier savings                  1,070,059    1,014,427      942,760
 Other savings                    1,314,471    1,299,319    1,350,659
                                ------------ ------------ ------------
  Subtotal                        2,384,530    2,313,746    2,293,419
 Money market                       610,286      593,961      609,997
                                ------------ ------------ ------------
  Subtotal                        4,892,828    4,763,919    4,765,942
 Certificates of deposit          2,513,838    2,470,659    2,431,364
                                ------------ ------------ ------------
  Total interest-bearing
   deposits                       7,406,666    7,234,578    7,197,306
                                ------------ ------------ ------------
      Total deposits              9,737,136    9,526,888    9,506,441
                                ------------ ------------ ------------
Borrowings:
 Short-term borrowings               87,928      520,883      619,683
 Long-term borrowings             3,599,032    3,039,011    2,780,532
                                ------------ ------------ ------------
  Total borrowings                3,686,960    3,559,894    3,400,215
Accrued expenses and other
 liabilities                        337,178      319,740      306,971
                                ------------ ------------ ------------
  Total liabilities              13,761,274   13,406,522   13,213,627
                                ------------ ------------ ------------
Stockholders' equity:
 Common stock                         1,316        1,534        1,842
 Additional paid-in capital         344,685      395,237      468,271
 Retained earnings                  795,884    1,129,892    1,611,335
 Accumulated other comprehensive
  loss                              (34,939)     (23,804)     (37,225)
 Treasury stock at cost and
  other                             (66,734)    (463,371)  (1,047,004)
                                ------------ ------------ ------------
                                  1,040,212    1,039,488      997,219
                                ------------ ------------ ------------
                                $14,801,486  $14,446,010  $14,210,846
                                ============ ============ ============

Supplemental Information:
--------------------------------
Securities available for sale    $1,861,335   $1,840,649   $1,829,917
Residential real estate loans       614,970      643,087      676,454
                                ------------ ------------ ------------
 Total securities available for
  sale and residential real
  estate loans                   $2,476,305   $2,483,736   $2,506,371
                                ============ ============ ============



                                               Jun. 30,     Mar. 31,
                                                2006         2006
                                             ------------ ------------

ASSETS

Cash and due from banks                         $325,715     $332,293
Investments                                       69,176       70,655
Securities available for sale                  1,880,671    1,781,586
Education loans held for sale                    228,492      281,185
Loans and leases:
 Consumer home equity:
  Fixed-rate                                   3,721,249    3,350,168
  Variable-rate                                1,689,402    1,865,549
 Consumer - other                                 34,854       34,833
                                             ------------ ------------
      Total consumer home equity and other     5,445,505    5,250,550
 Commercial real estate:
  Fixed- and adjustable-rate                   1,672,865    1,569,077
  Variable-rate                                  725,560      760,502
                                             ------------ ------------
      Total commercial real estate             2,398,425    2,329,579
 Commercial business:
  Fixed- and adjustable-rate                     127,702      115,745
  Variable-rate                                  372,828      333,619
                                             ------------ ------------
      Total commercial business                  500,530      449,364
 Leasing and equipment finance                 1,624,781    1,533,034
                                             ------------ ------------
  Subtotal                                     9,969,241    9,562,527
 Residential real estate                         714,433      751,782
                                             ------------ ------------
  Total loans and leases                      10,683,674   10,314,309
 Allowance for loan and lease losses             (55,085)     (55,121)
                                             ------------ ------------
  Net loans and leases                        10,628,589   10,259,188
Premises and equipment                           381,174      372,746
Goodwill                                         152,599      152,599
Other assets                                     305,771      364,808
                                             ------------ ------------
                                             $13,972,187  $13,615,060
                                             ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                                       $1,557,933   $1,554,007
 Small business                                  604,776      590,240
 Commercial and custodial                        234,188      282,409
                                             ------------ ------------
  Total non-interest bearing deposits          2,396,897    2,426,656
Interest-bearing deposits:
 Premier checking                              1,000,749      938,055
 Other checking                                  893,800      909,960
                                             ------------ ------------
  Subtotal                                     1,894,549    1,848,015
 Premier savings                                 855,979      780,046
 Other savings                                 1,415,767    1,440,818
                                             ------------ ------------
  Subtotal                                     2,271,746    2,220,864
 Money market                                    610,766      669,602
                                             ------------ ------------
  Subtotal                                     4,777,061    4,738,481
 Certificates of deposit                       2,249,694    2,005,639
                                             ------------ ------------
  Total interest-bearing deposits              7,026,755    6,744,120
                                             ------------ ------------
      Total deposits                           9,423,652    9,170,776
                                             ------------ ------------
Borrowings:
 Short-term borrowings                           573,418      674,868
 Long-term borrowings                          2,703,623    2,481,793
                                             ------------ ------------
  Total borrowings                             3,277,041    3,156,661
Accrued expenses and other liabilities           304,875      310,038
                                             ------------ ------------
  Total liabilities                           13,005,568   12,637,475
                                             ------------ ------------
Stockholders' equity:
 Common stock                                      1,842        1,843
 Additional paid-in capital                      467,768      469,062
 Retained earnings                             1,573,856    1,541,523
 Accumulated other comprehensive loss            (48,838)     (24,638)
 Treasury stock at cost and other             (1,028,009)  (1,010,205)
                                             ------------ ------------
                                                 966,619      977,585
                                             ------------ ------------
                                             $13,972,187  $13,615,060
                                             ============ ============

Supplemental Information:
-------------------------------------------
Securities available for sale                 $1,880,671   $1,781,586
Residential real estate loans                    714,433      751,782
                                             ------------ ------------
 Total securities available for sale and
  residential real estate loans               $2,595,104   $2,533,368
                                             ============ ============
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
             CONSOLIDATED QUARTERLY YIELDS AND RATES (1)
                             (Unaudited)


                         Mar. 31, Dec. 31, Sep. 30, Jun. 30, Mar. 31,
                          2007     2006     2006     2006     2006
                         -------- -------- -------- -------- --------

ASSETS

  Investments               4.91 %   4.59 %   4.74 %   4.59 %   3.86 %
  Securities available
   for sale                 5.40     5.37     5.35     5.35     5.32
  Education loans held
   for sale                 8.33     8.24     7.15     7.38     6.27
  Loans and leases:
   Consumer home equity:
    Fixed-rate              6.95     6.92     6.87     6.80     6.72
    Variable-rate           8.83     8.88     8.91     8.69     8.20
   Consumer - other         9.89    10.30    10.31    10.60     9.23
      Total consumer home
       equity and other     7.42     7.45     7.46     7.41     7.26
   Commercial real
    estate:
    Fixed- and
     adjustable-rate        6.38     6.51     6.29     6.24     6.18
    Variable-rate           7.72     7.88     7.97     7.60     7.18
      Total commercial
       real estate          6.74     6.91     6.78     6.65     6.51
   Commercial business:
    Fixed- and
     adjustable-rate        6.48     6.49     6.32     6.18     6.13
    Variable-rate           7.51     7.56     7.60     7.47     6.85
      Total commercial
       business             7.21     7.25     7.27     7.14     6.66
   Leasing and equipment
    finance                 7.45     7.56     7.54     7.23     7.12
    Subtotal                7.27     7.33     7.31     7.18     7.03
   Residential real
    estate                  5.79     5.81     5.81     5.80     5.80
    Total loans and
     leases                 7.19     7.25     7.21     7.09     6.94

      Total interest-
       earning assets       6.92     6.98     6.94     6.83     6.68


LIABILITIES

  Interest-bearing
   deposits:
   Premier checking         3.10     3.12     3.26     3.18     3.04
   Other checking           0.26      .23      .23      .23      .25
    Subtotal                1.87     1.85     1.89     1.79     1.67
   Premier savings          4.29     4.33     4.33     4.04     3.79
   Other savings            1.11     1.06      .95      .84      .88
    Subtotal                2.54     2.49     2.34     2.04     1.90
   Money market             2.89     2.79     2.64     2.25     2.15
    Subtotal                2.32     2.28     2.21     1.97     1.85
   Certificates of
    deposit                 4.70     4.59     4.36     4.06     3.70
    Total interest-
     bearing deposits       3.13     3.07     2.93     2.64     2.40

      Total deposits        2.38     2.33     2.22     1.97     1.76

  Borrowings:
   Short-term borrowings    5.41     5.35     5.36     4.99     4.51
   Long-term borrowings     4.49     4.46     4.51     4.50     4.44
    Total borrowings        4.51     4.59     4.67     4.58     4.45

      Total interest-
       bearing
       liabilities          2.96     2.94     2.86     2.64     2.45


Net interest margin         4.00 %   4.07 %   4.11 %   4.22 %   4.25 %
                         ======== ======== ======== ======== ========

(1) Annualized.

Source: TCF Financial Corporation

Contact: TCF Financial Corporation, Wayzata Jason Korstange, 952-745-2755 www.tcfbank.com

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