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TCF Reports Third Quarter Earnings and EPS ($.48)

THIRD QUARTER HIGHLIGHTS

-- Diluted earnings per share of 48 cents

-- Net income of $59.1 million

-- Return on average assets of 1.55 percent

-- Return on average common equity of 23.39 percent

Company Release - 10/23/2007 8:34 AM ET

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

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


----------------------------------------------------------------------
EARNINGS SUMMARY                                               Table 1
----------------------------------------------------------------------

($ in thousands, except per-share data)
                                                 3Q      2Q      3Q
                                                2007    2007    2006
                                              ------------------------
Net income                                    $59,138 $62,129 $65,927
Diluted earnings per common share                 .48     .49     .51

Financial Ratios (1)
----------------------------------------------
Return on average assets                         1.55%   1.67%   1.86%
Return on average common equity                 23.39   24.16   26.44
Net interest margin                              3.90    4.02    4.11
Net charge-offs as a percentage of average
 loans and leases                                 .38     .24     .18


($ in thousands, except per-
 share data)                 Percent Change
                            ----------------
                            3Q07 vs 3Q07 vs    YTD       YTD   Percent
                              2Q07    3Q06     2007     2006   Change
                            ------------------------------------------
Net income                  (4.8) % (10.3) % $203,991 $191,210    6.7%
Diluted earnings per common
 share                      (2.0)    (5.9)       1.62     1.48    9.5

Financial Ratios (1)
----------------------------
Return on average assets                         1.82%    1.83%
Return on average common
 equity                                         26.58    26.04
Net interest margin                              3.97     4.19
Net charge-offs as a
 percentage of average loans
 and leases                                       .24      .14


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

TCF Financial Corporation ("TCF") (NYSE:TCB) today reported diluted earnings per share of 48 cents for the third quarter of 2007, down 5.9 percent, compared with 51 cents for the same 2006 period. Net income for the third quarter of 2007 was $59.1 million, down 10.3 percent from $65.9 million for the third quarter of 2006. The third quarter of 2007 included $2 million in pre-tax gains on sales of mortgage-backed securities, $1.2 million in pre-tax gains on sales of real estate and a $2.6 million favorable income tax adjustment for a combined after-tax impact of four cents per diluted share. The third quarter of 2006 included $1.3 million in pre-tax gains on sales of real estate and a $1.2 million favorable income tax adjustment for an after-tax impact of one cent per diluted share.

For the third quarter of 2007, return on average assets ("ROA") was 1.55 percent and return on average common equity ("ROE") was 23.39 percent, compared with 1.86 percent and 26.44 percent, respectively, for the third quarter of 2006.

Diluted earnings per share for the first nine months of 2007 was $1.62, compared with $1.48 for the same 2006 period. The first nine months of 2007 included a $31.2 million pre-tax gain on the sale of ten outstate Michigan branches, $4 million of pre-tax gains on sales of real estate, $2 million in pre-tax gains on sales of mortgage-backed securities and $12.9 million of favorable income tax settlements and adjustments for a combined after-tax impact of 30 cents per diluted share. The first nine months of 2006 included $5.8 million in pre-tax gains on sales of assets and $5.3 million of favorable income tax adjustments for a combined after-tax impact of seven cents per diluted share.

Chief Executive Officer's Statement

"The operating environment for all banks continues to be difficult in many areas: a flat or inverted yield curve, a slowdown in the housing market and rising credit costs," said Lynn A. Nagorske, CEO, TCF Financial Corporation. "However, TCF experienced good Power Asset growth and non-interest expenses continue to be very well controlled."

----------------------------------------------------------------------
Total Revenue                                                  Table 2
----------------------------------------------------------------------


($ in thousands)                              3Q       2Q       3Q
                                             2007     2007     2006
                                           ---------------------------
Net interest income                        $137,704 $137,425 $135,033
                                           ---------------------------
Fees and other revenue:
 Fees and service charges                    71,965   71,728   70,777
 Card revenue                                25,685   24,876   24,353
 ATM revenue                                  9,251    9,314    9,880
 Investments and insurance                    2,632    2,772    3,226
                                           ---------------------------
   Total banking fees                       109,533  108,690  108,236
 Leasing and equipment finance               15,110   15,199   13,372
 Other                                        1,751    2,993    6,644
                                           ---------------------------
   Total fees and other revenue             126,394  126,882  128,252
   Gains on sales of securities available
    for sale                                  2,017        -        -
   Gains on sales of branches and real
    estate                                    1,246    2,723    1,260
                                           ---------------------------
      Total non-interest income             129,657  129,605  129,512
                                           ---------------------------
      Total revenue                        $267,361 $267,030 $264,545
                                           ===========================

Net interest margin (1)                        3.90%    4.02%    4.11%
Fees and other revenue as a % of:
 Total revenue                                47.27    47.52    48.48
 Average assets (1)                            3.32     3.42     3.61


                        Percent Change
                       ------------------
($ in thousands)        3Q07 vs  3Q07 vs      YTD       YTD    Percent
                         2Q07     3Q06        2007      2006   Change
                       -----------------------------------------------
Net interest income          .2%     2.0%  $ 410,606  $401,643    2.2%
                                          ---------------------
Fees and other revenue:
 Fees and service
  charges                    .3      1.7     205,715   203,431    1.1
 Card revenue               3.3      5.5      73,822    68,599    7.6
 ATM revenue                (.7)    (6.4)     27,314    28,741   (5.0)
 Investments and
  insurance                (5.1)   (18.4)      7,582     8,608  (11.9)
                                          ---------------------
   Total banking fees        .8      1.2     314,433   309,379    1.6
 Leasing and equipment
  finance                   (.6)    13.0      44,310    37,839   17.1
 Other                    (41.5)   (73.6)      6,697    19,227  (65.2)
                                          ---------------------
   Total fees and other
    revenue                 (.4)    (1.4)    365,440   366,445    (.3)
   Gains on sales of
    securities
    available for sale    100.0    100.0       2,017         -  100.0
   Gains on sales of
    branches and real
    estate                (54.2)    (1.1)     35,142     4,188    N.M.
                                          ---------------------
      Total non-
       interest income        -       .1     402,599   370,633    8.6
                                          ---------------------
      Total revenue          .1      1.1   $ 813,205  $772,276    5.3
                                          =====================

Net interest margin (1)                         3.97%     4.19%
Fees and other revenue
 as a % of:
 Total revenue                                 44.94     47.45
 Average assets (1)                             3.26      3.51


N.M. = Not Meaningful
(1) Annualized
----------------------------------------------------------------------

Net Interest Income

TCF's net interest income in the third quarter of 2007 was $137.7 million, up $2.7 million, or 2 percent, from the third quarter of 2006, and flat with the second quarter of 2007. Net interest margin in the third quarter of 2007 was 3.90 percent, compared with 4.11 percent for the third quarter of 2006 and 4.02 percent for the second quarter of 2007.

The increase in net interest income from the third quarter of 2006 was primarily attributable to a $996.8 million, or 7.6 percent, increase in average interest-earning assets, largely offset by a 21 basis point reduction in net interest margin. The decrease in the net interest margin from the third 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 that persisted for the period.

Net interest income increased $279 thousand, or .2 percent, compared with the second quarter of 2007. Increases in total interest-earning assets and the impact of one additional day in the third quarter of 2007 were offset by a 12 basis point decrease in the net interest margin. The decrease in the net interest margin from the second quarter of 2007 was primarily due to a $374.5 million, or 2.7 percent increase in total interest-earning assets that was funded primarily by higher-cost borrowings, increases in the interest rates paid on rate-sensitive checking, savings and money market deposit products and a decline in non-interest bearing checking account balances. During the third quarter of 2007, and partially in response to the volatile credit markets, TCF entered into $700 million of new long-term borrowings at a weighted average interest rate of 4.73 percent. The proceeds from these borrowings were used to eliminate short-term LIBOR-based borrowings and to provide balance sheet liquidity.

Non-interest Income

Total non-interest income was $129.7 million for the third quarter of 2007, flat with the same period of 2006.

Banking fees and service charges were $72 million for the third quarter of 2007, up $1.2 million, or 1.7 percent, from the third quarter of 2006. The third quarter of 2006 included $1.4 million of fees and service charges for the ten Michigan branches that were sold in the first quarter of 2007.

Card revenues totaled $25.7 million for the third quarter of 2007, up $1.3 million, or 5.5 percent, over the same period in 2006 due to increased transactions per account, partially offset by smaller average transaction amounts and a two basis point decrease in the average interchange rate.

Leasing and equipment finance revenues were $15.1 million for the third quarter of 2007, up $1.7 million, or 13 percent, from the 2006 third quarter due to higher sales-type lease revenue, operating lease revenue and other fees.

Other revenues were $1.8 million for the third quarter of 2007, down $4.9 million from the same period of 2006. The third quarter of 2006 included $4.3 million of gains due to accelerated sales of education loans in response to legislative changes in student loan programs.

    Gains on sales of securities available for sale were $2 million
for the third quarter of 2007 on sales of $189.3 million of
mortgage-backed securities. There were no such sales in the same
period last year.

    Branches


----------------------------------------------------------------------
Number of Branches -3Q 2007                                    Table 3
----------------------------------------------------------------------
                Total        New                   Total      New
              Branches  Branches (1)             Branches Branches (1)
              -----------------------            ---------------------
Minnesota            108           23 Traditional      192          79
Illinois             201           40 Supermarket      242          47
Michigan              56           25 Campus            15          10
                                                 ---------------------
Colorado              45           41                  449         136
                                                 =====================
Wisconsin             33            5
Indiana                5            1
Arizona                1            1
              -----------------------
 Total
  Branches           449          136
              =======================

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

During the third quarter of 2007, TCF opened three new branches, consisting of one traditional branch, one supermarket branch and one campus branch. TCF also relocated one traditional branch. Since January 2002, TCF has now opened 136 new branches, representing 30.3 percent of TCF's 449 total branches.

During the remainder of 2007, TCF plans to open six additional branches, consisting of four traditional branches and two supermarket branches. To improve the customer experience and enhance deposit growth, TCF intends to relocate five branches to improved locations and facilities, including four traditional branches and one supermarket branch, and to remodel nine supermarket branches during the last three months of 2007. Also, to improve operating efficiencies, TCF plans to close and consolidate two underperforming traditional branches into nearby branches during the fourth quarter of 2007.

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

----------------------------------------------------------------------
New Branch Information                                         Table 4
----------------------------------------------------------------------

                                                        3Q07 vs 3Q06
                                                      ----------------
($ in thousands)                   3Q         3Q               Percent
                                  2007       2006      Change  Change
                               ---------------------------------------
Number of deposit accounts         369,135    277,505   91,630   33.0%
Average deposits:
  Checking                     $   364,596 $  288,920 $ 75,676   26.2
  Savings                          377,387    263,942  113,445   43.0
  Money market                      50,675     30,003   20,672   68.9
                               --------------------------------
    Subtotal                       792,658    582,865  209,793   36.0
  Certificates of deposit          431,585    457,125  (25,540)  (5.6)
                               --------------------------------
    Total deposits             $ 1,224,243 $1,039,990 $184,253   17.7
                               ================================


Total fees and other revenue   $    19,715 $   14,765 $  4,950   33.5

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


($ in thousands)                       YTD          YTD       Percent
                                       2007         2006      Change
                                 -------------------------------------
Number of deposit accounts
Average deposits:
  Checking                         $    342,958  $    273,321    25.5%
  Savings                               341,529       251,197    36.0
  Money market                           44,701        27,052    65.2
                                   --------------------------
    Subtotal                            729,188       551,570    32.2
  Certificates of deposit               437,262       393,312    11.2
                                   --------------------------
    Total deposits                 $  1,166,450  $    944,882    23.4
                                   ==========================


Total fees and other revenue       $     53,241  $     40,536    31.3

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

Power Assets(R)

----------------------------------------------------------------------
Average Power Assets                                           Table 5
----------------------------------------------------------------------


($ in thousands)                    3Q            2Q           3Q
                                   2007          2007         2006
                               ---------------------------------------
Loans and leases: (1)
  Consumer home equity:
   First mortgage lien          $  3,994,573 $   3,894,939 $ 3,606,754
   Junior lien                     2,211,680     2,140,773   2,006,413
                               ---------------------------------------
     Total consumer home equity    6,206,253     6,035,712   5,613,167
  Consumer other                      45,440        41,708      36,978
                               ---------------------------------------
     Total consumer                6,251,693     6,077,420   5,650,145
  Commercial real estate           2,371,207     2,349,608   2,409,237
  Commercial business                566,464       557,134     545,363
                               ---------------------------------------
     Total commercial              2,937,671     2,906,742   2,954,600
  Leasing and equipment finance    1,937,269     1,879,958   1,707,045
                               ---------------------------------------
     Total Power Assets         $ 11,126,633 $  10,864,120 $10,311,790
                               =======================================


                          Percent Change
                         ----------------
($ in thousands)         3Q07 vs 3Q07 vs     YTD        YTD    Percent
                           2Q07   3Q06      2007       2006    Change
                         ---------------------------------------------
Loans and leases: (1)
  Consumer home equity:
   First mortgage lien       2.6%  10.8% $ 3,899,983 $3,509,190  11.1%
   Junior lien               3.3   10.2    2,154,431  1,905,445  13.1
                                         ----------------------
     Total consumer home
      equity                 2.8   10.6    6,054,414  5,414,635  11.8
  Consumer other             8.9   22.9       43,014     35,563  21.0
                                         ----------------------
     Total consumer          2.9   10.6    6,097,428  5,450,198  11.9
  Commercial real estate      .9   (1.6)   2,366,142  2,379,372   (.6)
  Commercial business        1.7    3.9      559,287    498,771  12.1
                                         ----------------------
     Total commercial        1.1    (.6)   2,925,429  2,878,143   1.6
  Leasing and equipment
   finance                   3.0   13.5    1,885,427  1,622,257  16.2
                                         ----------------------
     Total Power Assets      2.4    7.9  $10,908,284 $9,950,598   9.6
                                         ======================


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

TCF's average Power Assets increased $814.8 million, or 7.9 percent, from the third quarter of 2006. TCF's average consumer loan balances increased $601.5 million, or 10.6 percent, and leasing and equipment finance balances increased $230.2 million, or 13.5 percent, from the third quarter of 2006. Average commercial real estate loan balances decreased $38 million, or 1.6 percent, from the third quarter of 2006 primarily due to prepayments.

Power Liabilities(R)

----------------------------------------------------------------------
Average Power Liabilities                                      Table 6
----------------------------------------------------------------------


($ in thousands)                         3Q         2Q         3Q
                                        2007       2007       2006
                                     ---------------------------------
Non-interest bearing deposits:
  Retail                             $1,406,155 $1,492,429 $1,484,651
  Small business                        596,197    586,711    615,119
  Commercial and custodial              195,529    199,226    209,365
                                     ---------------------------------
   Total non-interest bearing         2,197,881  2,278,366  2,309,135
Interest-bearing deposits:
  Premier checking                    1,048,449  1,070,397  1,021,560
  Other checking                        823,833    834,405    840,966
                                     ---------------------------------
   Subtotal                           1,872,282  1,904,802  1,862,526
  Premier savings                     1,202,672  1,109,341    942,760
  Other savings                       1,274,164  1,300,857  1,350,659
                                     ---------------------------------
   Subtotal                           2,476,836  2,410,198  2,293,419
  Money market                          606,198    604,217    609,997
                                     ---------------------------------
   Subtotal                           4,955,316  4,919,217  4,765,942
  Certificates of deposit             2,498,936  2,525,886  2,431,364
                                     ---------------------------------
    Total interest-bearing            7,454,252  7,445,103  7,197,306
                                     ---------------------------------
     Power Liabilities               $9,652,133 $9,723,469 $9,506,441
                                     =================================

Average rate on deposits                   2.48%      2.40%      2.22%
# of deposit accounts                 2,429,144  2,428,643  2,426,839

                        Percent Change
                       -----------------
($ in thousands)        3Q07 vs 3Q07 vs     YTD        YTD    Percent
                         2Q07    3Q06      2007       2006     Change
                       -----------------------------------------------
Non-interest bearing
 deposits:
  Retail                 (5.8) %(5.3) % $1,476,451 $1,531,942  (3.6) %
  Small business          1.6   (3.1)      593,122    603,469  (1.7)
  Commercial and
   custodial             (1.9)  (6.6)      198,848    241,720 (17.7)
                                        ----------------------
   Total non-interest
    bearing              (3.5)  (4.8)    2,268,421  2,377,131  (4.6)
Interest-bearing
 deposits:
  Premier checking       (2.1)   2.6     1,064,024    987,094   7.8
  Other checking         (1.3)  (2.0)      827,580    881,323  (6.1)
                                        ----------------------
   Subtotal              (1.7)    .5     1,891,604  1,868,417   1.2
  Premier savings         8.4   27.6     1,127,843    860,191  31.1
  Other savings          (2.1)  (5.7)    1,296,350  1,402,085  (7.5)
                                        ----------------------
   Subtotal               2.8    8.0     2,424,193  2,262,276   7.2
  Money market             .3    (.6)      606,885    629,904  (3.7)
                                        ----------------------
   Subtotal                .7    4.0     4,922,682  4,760,597   3.4
  Certificates of
   deposit               (1.1)   2.8     2,512,832  2,230,458  12.7
                                        ----------------------
    Total interest-
     bearing               .1    3.6     7,435,514  6,991,055   6.4
                                        ----------------------
     Power Liabilities    (.7)   1.5    $9,703,935 $9,368,186   3.6
                                        ======================

Average rate on
 deposits                                     2.42%      1.99%
# of deposit accounts       -     .1


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

Average Power Liabilities for the third quarter of 2007 totaled $9.7 billion and had an average interest rate of 2.48 percent. Excluding the Michigan deposits sold in the first quarter of 2007, average Power Liabilities increased $367.2 million, or 4 percent, from the third quarter of 2006. The increase was primarily driven by increases in Premier Checking and Savings and certificates of deposit, partially offset by declines in non-interest bearing deposits.

    Average Power Liabilities declined $71.3 million, or .7 percent,
from the second quarter of 2007 primarily due to decreases in checking
balances and certificates of deposit, partially offset by increases in
savings balances.

    Non-interest Expense


----------------------------------------------------------------------
                                                               Table 7
----------------------------------------------------------------------


($ in thousands)                             3Q       2Q        3Q
                                            2007     2007      2006
                                         -----------------------------
Compensation and employee benefits
                                         $   85,113 $ 86,707 $  84,795
Occupancy and equipment                      30,226   29,329    28,664
Advertising and promotions                    5,480    5,586     8,220
Other                                        37,632   36,531    36,931
                                         -----------------------------
  Subtotal                                  158,451  158,153   158,610
Operating lease depreciation                  4,326    4,381     3,779
                                         -----------------------------
  Total non-interest expense             $  162,777 $162,534 $ 162,389
                                         =============================

                            Percent Change
                            --------------------------
($ in thousands)            3Q07 vs  3Q07 vs    YTD      YTD   Percent
                              2Q07     3Q06    2007     2006   Change
                            ------------------------------------------
Compensation and employee
 benefits                      (1.8)%    .4%  $259,913 $256,046   1.5%
Occupancy and equipment         3.1     5.4     90,006   84,713   6.2
Advertising and promotions     (1.9)  (33.3)    17,047   20,691 (17.6)
Other                           3.0     1.9    109,478  111,838  (2.1)
                                             ------------------
  Subtotal                       .2     (.1)   476,444  473,288    .7
Operating lease depreciation   (1.3)   14.5     13,067   10,347  26.3
                                             ------------------
  Total non-interest expense     .1      .2   $489,511 $483,635   1.2
                                             ==================


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

Non-interest expense (excluding operating lease depreciation) totaled $158.5 million for the third quarter of 2007, down $159 thousand, or .1 percent, from $158.6 million for the third quarter of 2006.

Compensation and employee benefits were well controlled and increased $318 thousand, or .4 percent, from the third quarter of 2006. Increases due to branch expansion were partially offset by reductions from branches sold, closed branches and other efficiency initiatives.

Occupancy and equipment expenses increased $1.6 million, or 5.4 percent, from the third quarter of 2006 primarily due to the costs associated with branch expansion, relocation and remodeling.

Advertising and promotions expense was $5.5 million, down $2.7 million, or 33.3 percent, from the third quarter of 2006 primarily due to decreased media and promotion expenses.

Credit Quality

----------------------------------------------------------------------
Credit Quality Summary                                         Table 8
----------------------------------------------------------------------


($ in thousands)                               3Q       2Q       3Q
                                              2007     2007     2006
                                            --------------------------
Allowance for loan and lease losses
------------------------------------------
Balance at beginning of period              $ 66,809 $ 60,483 $54,673
 Charge-offs                                 (14,669) (10,749) (8,250)
 Recoveries                                    3,609    3,746   3,387
                                            --------------------------
  Net charge-offs                            (11,060)  (7,003) (4,863)
 Provision for credit losses                  18,883   13,329   5,288
                                            --------------------------
Balance at end of period                    $ 74,632 $ 66,809 $55,098
                                            ==========================

Allowance as a percentage of:
  Period end loans and leases                    .63%     .58%    .49%
  Net charge-offs (1)                           1.7 X    2.4 X   2.8 X

Net Charge-offs as a Percentage of
 Average Loans and Leases (1)

-----------------------------------------
 Consumer home equity
  First mortgage lien                            .27%     .22%    .08%
  Junior lien                                    .58      .44     .19
   Total home equity                             .38      .30     .12
 Total consumer                                  .59      .37     .28
 Commercial real estate                            -        -     .02
 Commercial business                             .44      .03    (.02)
 Leasing and equipment finance                   .24      .29     .17
 Residential real estate                         .07      .01     .02
   Total                                         .38      .24     .18

Other Credit Quality Data
----------------------------------------
 Delinquencies (30+ days)                   $ 74,569 $ 58,687 $49,712
 Delinquencies as a percentage of loan
  and lease portfolio                            .63%     .51%    .45%

 Non-accrual loans and leases               $ 47,235 $ 40,391 $27,268
 Real estate owned                            43,010   44,813  27,868
                                            --------------------------
  Total non-performing assets               $ 90,245 $ 85,204 $55,136
                                            ==========================
 Non-performing assets as a percentage
  of net loans and leases                        .76%     .74%    .50%


                             Percent Change
                            ----------------
($ in thousands)            3Q07 vs 3Q07 vs    YTD       YTD   Percent
                              2Q07    3Q06     2007     2006   Change
                           -------------------------------------------
Allowance for loan and
 lease losses
---------------------------
Balance at beginning of
 period                        10.5%   22.2% $ 58,543 $ 55,823    4.9%
 Charge-offs                   36.5    77.8   (34,650) (23,324)  48.6
 Recoveries                    (3.7)    6.6    13,871   11,983   15.8
                                            -------------------
  Net charge-offs              57.9   127.4   (20,779) (11,341)  83.2
 Provision for credit
  losses                       41.7     N.M.   36,868   10,616    N.M.
                                            -------------------
Balance at end of period       11.7    35.5  $ 74,632 $ 55,098   35.5
                                            ===================

Allowance as a percentage
 of:
  Period end loans and
   leases                                         .63%     .49%
  Net charge-offs (1)                            2.7 X    3.6 X

Net Charge-offs as a
 Percentage of Average
 Loans and Leases (1)
--------------------------
 Consumer home equity
  First mortgage lien                             .21%     .07%
  Junior lien                                     .46      .16
   Total home equity                              .30      .10
 Total consumer                                   .39      .18
 Commercial real estate                           .02      .01
 Commercial business                              .19      .08
 Leasing and equipment
  finance                                         .12      .27
 Residential real estate                          .03      .02
   Total                                          .24      .14

Other Credit Quality Data
-------------------------
 Delinquencies (30+ days)      27.1    50.0
 Delinquencies as a
  percentage of loan and
  lease portfolio

 Non-accrual loans and
  leases                       16.9    73.2
 Real estate owned             (4.0)   54.3
  Total non-performing
   assets                       5.9    63.7
 Non-performing assets as
  a percentage of net
  loans and leases


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

At September 30, 2007, TCF's allowance for loan and lease losses totaled $74.6 million, or .63 percent of loans and leases, an increase of $7.8 million from $66.8 million, or .58 percent of loans and leases, at June 30, 2007. The provision for credit losses for the third quarter of 2007 was $18.9 million, up $13.6 million from the third quarter of 2006 primarily due to higher consumer home equity net charge-offs, the resulting portfolio reserve rate increases and higher reserves for certain commercial loans and equipment finance loans and leases.

Consumer home equity net charge-offs for the third quarter of 2007 were $5.9 million, an increase of $1.4 million from the second quarter of 2007 and an increase of $4.3 million from the third quarter of 2006. The higher net charge-offs are primarily due to the slowdown in the residential real estate market primarily in Minnesota and Michigan. Net charge-offs in the third quarter of 2007 also increased $2.2 million over the second quarter of 2007 due to seasonally higher net charge-offs related to deposit account overdrafts.

At September 30, 2007, TCF's over-30-day delinquency rate was .63 percent, up from .51 percent at June 30, 2007 primarily due to consumer home equity loans and leasing and equipment finance. Total non-performing assets were $90.2 million, or .58 percent of total assets, at September 30, 2007, up from $85.2 million, or .57 percent of total assets, at June 30, 2007, primarily due to a $6.8 million increase in non-accrual loans and leases, partially offset by a $1.8 million decrease in real estate owned.

Income Taxes

TCF's income tax expense was $26.6 million for the third quarter of 2007, or 31 percent of pre-tax income, compared with $30.9 million, or 31.9 percent, for the comparable 2006 period. The third quarter 2007 income tax expense includes a $2.6 million reduction in income tax expense primarily resulting from changes in state tax laws and uncertain tax positions. The income tax expense for the third quarter of 2006 includes a $1.2 million reduction in income tax expense related to favorable developments in uncertain tax positions. Excluding these items, the effective income tax rate was 34 percent for the third quarter of 2007 and 33.1 percent for the third quarter of 2006.

Capital

Capital Information                                            Table 9
----------------------------------------------------------------------
At period end
($ in thousands, except per-
 share data)                        3Q                  4Q
                                   2007                2006
                                ----------          ----------
Stockholders' equity            $1,043,447          $1,033,374
Stockholders' equity to total
 assets                               6.72%               7.04%
Book value per common share     $     8.24          $     7.92

Risk-based capital
 Tier 1                         $  931,920    8.34% $  914,128   8.65%
 Total                           1,207,061   10.80   1,173,073  11.10
 Total "well-capitalized"
  requirement                    1,117,494   10.00   1,056,694  10.00
 Excess over "well-capitalized"
  requirement                       89,567     .80     116,379   1.10
----------------------------------------------------------------------

During the third quarter of 2007, TCF repurchased 350 thousand shares of its common stock at an average cost of $24.97 per share. TCF has 5.5 million shares remaining under the stock repurchase program authorized by its Board of Directors.

Website Information

A live webcast of TCF's conference call to discuss third quarter earnings will be hosted at TCF's website, www.tcfbank.com, on October 23, 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 $15 billion in total assets. TCF has 449 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 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; impact of federal legislation enacted in September 2007 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 dictated by market conditions or 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
                                     September 30,         Change
                                   ------------------ ----------------
                                     2007      2006       $       %
                                   --------- -------- --------- ------
Interest income:
 Loans and leases                   $213,528 $199,469 $ 14,059    7.0
 Securities available for sale        28,439   24,481    3,958   16.2
 Education loans held for sale         2,588    3,438     (850) (24.7)
 Investments                           2,279      862    1,417  164.4
                                   --------- -------- ---------
  Total interest income              246,834  228,250   18,584    8.1
                                   --------- -------- ---------
Interest expense:
 Deposits                             60,440   53,234    7,206   13.5
 Borrowings                           48,690   39,983    8,707   21.8
                                   --------- -------- ---------
  Total interest expense             109,130   93,217   15,913   17.1
                                   --------- -------- ---------
      Net interest income            137,704  135,033    2,671    2.0
Provision for credit losses           18,883    5,288   13,595    N.M.
                                   --------- -------- ---------
  Net interest income after
   provision for
      credit losses                  118,821  129,745  (10,924)  (8.4)
                                   --------- -------- ---------
Non-interest income:
 Fees and service charges             71,965   70,777    1,188    1.7
 Card revenue                         25,685   24,353    1,332    5.5
 ATM revenue                           9,251    9,880     (629)  (6.4)
 Investments and insurance revenue     2,632    3,226     (594) (18.4)
                                   --------- -------- ---------
  Subtotal                           109,533  108,236    1,297    1.2
 Leasing and equipment finance        15,110   13,372    1,738   13.0
 Other                                 1,751    6,644   (4,893) (73.6)
                                   --------- -------- ---------
  Fees and other revenue             126,394  128,252   (1,858)  (1.4)
 Gains on sales of securities
  available for sale                   2,017        -    2,017  100.0
 Gains on sales of branches and
  real estate                          1,246    1,260      (14)  (1.1)
                                   --------- -------- ---------
  Total non-interest income          129,657  129,512      145     .1
                                   --------- -------- ---------
Non-interest expense:
 Compensation and employee benefits   85,113   84,795      318     .4
 Occupancy and equipment              30,226   28,664    1,562    5.4
 Advertising and promotions            5,480    8,220   (2,740) (33.3)
 Other                                37,632   36,931      701    1.9
                                   --------- -------- ---------
  Subtotal                           158,451  158,610     (159)   (.1)
 Operating lease depreciation          4,326    3,779      547   14.5
                                   --------- -------- ---------
  Total non-interest expense         162,777  162,389      388     .2
                                   --------- -------- ---------
      Income before income tax
       expense                        85,701   96,868  (11,167) (11.5)
Income tax expense                    26,563   30,941   (4,378) (14.1)
                                   --------- -------- ---------
      Net income                    $ 59,138 $ 65,927 $ (6,789) (10.3)
                                   ========= ======== =========

Net income per common share:
 Basic                              $    .48 $    .51 $   (.03)  (5.9)
 Diluted                                 .48      .51     (.03)  (5.9)

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

Average common and common
 equivalent shares outstanding (in
 thousands):
  Basic                              124,230  128,408   (4,178)  (3.3)
  Diluted                            124,475  128,605   (4,130)  (3.2)


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


                                    Nine Months Ended
                                      September 30,        Change
                                    ----------------- ----------------
                                      2007     2006       $       %
                                    -------- -------- --------- ------
Interest income:
 Loans and leases                   $621,871 $565,440 $ 56,431   10.0
 Securities available for sale        80,209   73,336    6,873    9.4
 Education loans held for sale        10,099   11,990   (1,891) (15.8)
 Investments                           6,642    2,331    4,311  184.9
                                    -------- -------- ---------
  Total interest income              718,821  653,097   65,724   10.1
                                    -------- -------- ---------
Interest expense:
 Deposits                            175,837  139,328   36,509   26.2
 Borrowings                          132,378  112,126   20,252   18.1
                                    -------- -------- ---------
  Total interest expense             308,215  251,454   56,761   22.6
                                    -------- -------- ---------
      Net interest income            410,606  401,643    8,963    2.2
Provision for credit losses           36,868   10,616   26,252    N.M.
                                    -------- -------- ---------
  Net interest income after
   provision for credit losses       373,738  391,027  (17,289)  (4.4)
                                    -------- -------- ---------
Non-interest income:
 Fees and service charges            205,715  203,431    2,284    1.1
 Card revenue                         73,822   68,599    5,223    7.6
 ATM revenue                          27,314   28,741   (1,427)  (5.0)
 Investments and insurance revenue     7,582    8,608   (1,026) (11.9)
                                    -------- -------- ---------
  Subtotal                           314,433  309,379    5,054    1.6
 Leasing and equipment finance        44,310   37,839    6,471   17.1
 Other                                 6,697   19,227  (12,530) (65.2)
                                    -------- -------- ---------
  Fees and other revenue             365,440  366,445   (1,005)   (.3)
 Gains on sales of securities
  available for sale                   2,017        -    2,017  100.0
 Gains on sales of branches and real
  estate                              35,142    4,188   30,954    N.M.
                                    -------- -------- ---------
  Total non-interest income          402,599  370,633   31,966    8.6
                                    -------- -------- ---------
Non-interest expense:
 Compensation and employee benefits  259,913  256,046    3,867    1.5
 Occupancy and equipment              90,006   84,713    5,293    6.2
 Advertising and promotions           17,047   20,691   (3,644) (17.6)
 Other                               109,478  111,838   (2,360)  (2.1)
                                    -------- -------- ---------
  Subtotal                           476,444  473,288    3,156     .7
 Operating lease depreciation         13,067   10,347    2,720   26.3
                                    -------- -------- ---------
  Total non-interest expense         489,511  483,635    5,876    1.2
                                    -------- -------- ---------
      Income before income tax
       expense                       286,826  278,025    8,801    3.2
Income tax expense                    82,835   86,815   (3,980)  (4.6)
                                    -------- -------- ---------
      Net income                    $203,991 $191,210 $ 12,781    6.7
                                    ======== ======== =========

Net income per common share:
 Basic                              $   1.62 $   1.48 $    .14    9.5
 Diluted                                1.62     1.48      .14    9.5

Dividends declared per common share $  .7275 $    .69 $  .0375    5.4

Average common and common equivalent
 shares outstanding (in thousands):
  Basic                              125,850  129,279   (3,429)  (2.7)
  Diluted                            126,101  129,465   (3,364)  (2.6)


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




                                   At            At           At
                              September 30, December 31, September 30,
                                  2007          2006         2006
                              ------------- ------------ -------------
                               (Unaudited)                (Unaudited)
ASSETS

Cash and due from banks       $    316,611  $   348,980  $    323,505
Investments                        216,787      170,129        82,801
Securities available for sale    2,022,505    1,816,126     1,770,427
Education loans held for sale      146,353      144,574       140,240
Loans and leases:
  Consumer home equity and
   other                         6,386,950    5,945,077     5,799,066
  Commercial real estate         2,402,949    2,390,653     2,414,058
  Commercial business              577,927      551,995       546,106
  Leasing and equipment
   finance                       1,966,336    1,818,165     1,736,801
                              ------------- ------------ -------------
     Subtotal                   11,334,162   10,705,890    10,496,031
  Residential real estate          547,552      627,790       659,477
                              ------------- ------------ -------------
     Total loans and leases     11,881,714   11,333,680    11,155,508
  Allowance for loan and lease
   losses                          (74,632)     (58,543)      (55,098)
                              ------------- ------------ -------------
     Net loans and leases       11,807,082   11,275,137    11,100,410
Premises and equipment, net        428,959      406,087       393,283
Goodwill                           152,599      152,599       152,599
Other assets                       439,442      356,102       356,122
                              ------------- ------------ -------------
          Total Assets        $ 15,530,338  $14,669,734  $ 14,319,387
                              ============= ============ =============

LIABILITIES AND STOCKHOLDERS'
 EQUITY

Deposits:
  Checking                    $  4,158,150  $ 4,348,256  $  4,317,028
  Savings                        2,563,851    2,351,580     2,315,051
  Money market                     590,567      585,779       592,144
                              ------------- ------------ -------------
     Subtotal                    7,312,568    7,285,615     7,224,223
  Certificates of deposit        2,433,498    2,483,635     2,454,469
                              ------------- ------------ -------------
     Total deposits              9,746,066    9,769,250     9,678,692
                              ------------- ------------ -------------
Short-term borrowings              167,319      214,112       376,397
Long-term borrowings             4,266,022    3,374,428     2,976,133
                              ------------- ------------ -------------
     Total borrowings            4,433,341    3,588,540     3,352,530
Accrued expenses and other
 liabilities                       307,484      278,570       256,976
                              ------------- ------------ -------------
     Total liabilities          14,486,891   13,636,360    13,288,198
                              ------------- ------------ -------------
Stockholders' equity:
  Common stock, par value $.01
   per share, 280,000,000
   shares authorized;
   131,483,460; 131,660,749
   and 184,180,118 shares
   issued                            1,315        1,317         1,842
  Additional paid-in capital       353,169      343,744       469,642
  Retained earnings, subject
   to certain restrictions         894,657      784,011     1,636,805
  Accumulated other
   comprehensive loss              (41,395)     (34,926)      (25,857)
  Treasury stock at cost,
   4,826,730; 1,242,413 and
   53,269,813 shares, and
   other                          (164,299)     (60,772)   (1,051,243)
                              ------------- ------------ -------------
          Total stockholders'
           equity                1,043,447    1,033,374     1,031,189
                              ------------- ------------ -------------
          Total liabilities
           and stockholders'
           equity             $ 15,530,338  $14,669,734  $ 14,319,387
                              ============= ============ =============



                                                 % Change from
                                           --------------------------
                                           December 31, September 30,
                                               2006         2006
                                           ------------ -------------

ASSETS

Cash and due from banks                           (9.3)%        (2.1)%
Investments                                       27.4         161.8
Securities available for sale                     11.4          14.2
Education loans held for sale                      1.2           4.4
Loans and leases:
 Consumer home equity and other                    7.4          10.1
 Commercial real estate                             .5           (.5)
 Commercial business                               4.7           5.8
 Leasing and equipment finance                     8.1          13.2
  Subtotal                                         5.9           8.0
 Residential real estate                         (12.8)        (17.0)
  Total loans and leases                           4.8           6.5
 Allowance for loan and lease losses             (27.5)        (35.5)
  Net loans and leases                             4.7           6.4
Premises and equipment, net                        5.6           9.1
Goodwill                                             -             -
Other assets                                      23.4          23.4
         Total Assets                              5.9           8.5

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
 Checking                                         (4.4)         (3.7)
 Savings                                           9.0          10.7
 Money market                                       .8           (.3)
  Subtotal                                          .4           1.2
 Certificates of deposit                          (2.0)          (.9)
  Total deposits                                   (.2)           .7
Short-term borrowings                            (21.9)        (55.5)
Long-term borrowings                              26.4          43.3
  Total borrowings                                23.5          32.2
Accrued expenses and other liabilities            10.4          19.7
  Total liabilities                                6.2           9.0
Stockholders' equity:
 Common stock, par value $.01 per share,
  280,000,000 shares authorized;
  131,483,460; 131,660,749 and
  184,180,118 shares issued                        (.2)        (28.6)
 Additional paid-in capital                        2.7         (24.8)
 Retained earnings, subject to certain
  restrictions                                    14.1         (45.3)
 Accumulated other comprehensive loss            (18.5)        (60.1)
 Treasury stock at cost, 4,826,730;
  1,242,413 and 53,269,813 shares, and
  other                                         (170.4)         84.4
         Total stockholders' equity                1.0           1.2
         Total liabilities and
          stockholders' equity                     5.9           8.5
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
                         CREDIT QUALITY DATA
                        (Dollars in thousands)
                             (Unaudited)



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


                        At September 30, 2007     At June 30, 2007
                        ---------------------- ----------------------
                              Allowance              Allowance
                        Balance % of Portfolio Balance % of Portfolio
                        ------- -------------- ------- ---------------
 Consumer home equity   $24,018           .38% $18,569           .30 %
 Consumer other           1,851          2.75    2,055          3.16
                        -------                -------
   Total consumer        25,869           .41   20,624           .33
 Commercial real estate  25,838          1.08   23,410           .99
 Commercial business      8,040          1.39    8,471          1.49
 Leasing and equipment
  finance                14,379           .73   13,784           .72
 Residential real
  estate                    506           .09      520           .09
                        -------                -------
   Total                $74,632           .63  $66,809           .58
                        =======                =======

                                                Allowance as % of
                                                     Portfolio
                         At September 30, 2006      Change from
                        ----------------------- -------------------
                               Allowance        Jun. 30,   Sep. 30,
                        Balance  % of Portfolio   2007       2006
                        -------- -------------- --------   --------
 Consumer home equity   $11,294           .20 %       8 bps     18 bps
 Consumer other           2,165          3.58       (41)       (83)
                        --------
  Total consumer         13,459           .23         8         18
 Commercial real
  estate                 22,019           .91         9         17
 Commercial business      7,046          1.29       (10)        10
 Leasing and equipment
  finance                12,021           .69         1          4
 Residential real
  estate                    553           .08         -          1
                        --------
  Total                 $55,098           .49         5         14
                        ========



Quarterly Net Charge-Offs                    Quarter Ended
-------------------------------- -------------------------------------
                                 Sep. 30,  Jun. 30, Dec. 31,  Sep. 30,
                                   2007      2007     2006      2006
                                 --------  -------- --------  --------
 Consumer home equity
  First mortgage lien             $ 2,656    $2,137  $1,081    $  685
  Junior lien                       3,231     2,364   2,019       930
                                 --------  -------- --------  --------
    Total home equity               5,887     4,501   3,100     1,615
 Consumer other                     3,269     1,075   1,611     2,340
                                 --------  -------- --------  --------
  Total consumer                    9,156     5,576   4,711     3,955
 Commercial real estate                19         -     (28)      148
 Commercial business                  627        43     168       (23)
 Leasing and equipment finance      1,164     1,362   1,611       745
 Residential real estate               94        22     166        38
                                 --------  -------- --------  --------
  Total                           $11,060    $7,003  $6,628    $4,863
                                 ========  ======== ========  ========



Quarterly Net Charge-Offs                           Change from
------------------------------------------------ ------------------
                                                 Jun. 30,  Sep. 30,
                                                   2007      2006
                                                 --------  --------
 Consumer home equity
   First mortgage lien                            $  519    $1,971
   Junior lien                                       867     2,301
                                                 --------  --------
     Total home equity                             1,386     4,272
 Consumer other                                    2,194       929
                                                 --------  --------
   Total consumer                                  3,580     5,201
 Commercial real estate                               19      (129)
 Commercial business                                 584       650
 Leasing and equipment finance                      (198)      419
 Residential real estate                              72        56
                                                 --------  --------
   Total                                          $4,057    $6,197
                                                 ========  ========



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


                                          Quarter Ended (1)
                                -------------------------------------
                                Sep. 30,  Jun. 30, Dec. 31,  Sep. 30,
                                  2007      2007     2006      2006
                                --------  -------- --------  --------
 Consumer home equity
  First mortgage lien                .27%      .22%    .12 %     .08 %
  Junior lien                        .58       .44     .39       .19
   Total home equity                 .38       .30     .21       .12
 Total consumer                      .59       .37     .32       .28
 Commercial real estate                -         -       -       .02
 Commercial business                 .44       .03     .13      (.02)
 Leasing and equipment finance       .24       .29     .36       .17
 Residential real estate             .07       .01     .10       .02
  Total                              .38       .24     .24       .18


                                                 Change from
                                             --------------------
                                             Jun. 30,    Sep. 30,
                                               2007        2006
                                             --------    --------
 Consumer home equity
  First mortgage lien                              5 bps      19 bps
  Junior lien                                     14          39
    Total home equity                              8          26
 Total consumer                                   22          31
 Commercial real estate                            -          (2)
 Commercial business                              41          46
 Leasing and equipment finance                    (5)          7
 Residential real estate                           6           5
  Total                                           14          20



Non-performing assets              At        At       At        At
-----------------------------
                                Sep. 30,  Jun. 30, Dec. 31,  Sep. 30,
                                  2007      2007     2006      2006
                                --------  -------- --------  --------
 Non-accrual loans and leases:
  Consumer home equity
   First mortgage lien           $13,794   $11,309 $11,202   $ 8,857
   Junior lien                     4,610     4,563   5,291     3,418
                                --------  -------- --------  --------
    Total home equity             18,404    15,872  16,493    12,275
  Consumer other                      11        29      27        88
                                --------  -------- --------  --------
   Total consumer                 18,415    15,901  16,520    12,363
  Commercial real estate          13,824    11,746  12,849     5,226
  Commercial business              2,686     3,337   3,421     1,337
  Leasing and equipment finance    9,177     6,886   7,596     6,133
  Residential real estate          3,133     2,521   2,799     2,209
                                --------  -------- --------  --------
   Total non-accrual loans and
    leases                        47,235    40,391  43,185    27,268
 Other real estate owned:
  Residential real estate         28,444    30,111  19,899    20,712
  Commercial real estate          14,566    14,702   2,554     7,156
                                --------  -------- --------  --------
   Total other real estate owned  43,010    44,813  22,453    27,868
                                --------  -------- --------  --------
  Total non-performing assets    $90,245   $85,204 $65,638   $55,136
                                ========  ======== ========  ========

 Non-performing assets as a
  percentage of net loans and
  leases                             .76%      .74%    .58 %     .50 %





Non-performing assets                            Change from
------------------------------------------   --------------------
                                             Jun. 30,    Sep. 30,
                                               2007        2006
                                             --------    --------
 Non-accrual loans and leases:
  Consumer home equity
   First mortgage lien                       $ 2,485     $ 4,937
   Junior lien                                    47       1,192
                                             --------    --------
    Total home equity                          2,532       6,129
  Consumer other                                 (18)        (77)
                                             --------    --------
   Total consumer                              2,514       6,052
  Commercial real estate                       2,078       8,598
  Commercial business                           (651)      1,349
  Leasing and equipment finance                2,291       3,044
  Residential real estate                        612         924
                                             --------    --------
   Total non-accrual loans and leases          6,844      19,967
 Other real estate owned:
  Residential real estate                     (1,667)      7,732
  Commercial real estate                        (136)      7,410
                                             --------    --------
   Total other real estate owned              (1,803)     15,142
                                             --------    --------
  Total non-performing assets                $ 5,041     $35,109
                                             ========    ========

 Non-performing assets as a percentage of net
  loans and leases                                 2 bps      26 bps



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



Over 30-day delinquency data - principal balances (1)
----------------------------------------------------------------------

                      At      At      At      At       Change from
                                                    -----------------
                     Sep.    Jun.    Dec.    Sep.
                      30,     30,     31,     30,   Jun. 30, Sep. 30,
                     2007    2007    2006    2006     2007     2006
                    ------- ------- ------- ------- -------- --------
 Consumer home
  equity
  First mortgage
   lien             $27,957 $19,288 $22,527 $16,353 $ 8,669  $11,604
  Junior lien        11,185   8,709  11,406   8,873   2,476    2,312
                    ------- ------- ------- ------- -------- --------
   Total home
    equity           39,142  27,997  33,933  25,226  11,145   13,916
 Consumer other         416     272     380     582     144     (166)
                    ------- ------- ------- ------- -------- --------
  Total consumer     39,558  28,269  34,313  25,808  11,289   13,750
 Commercial real
  estate              7,140  10,739  18,072   4,697  (3,599)   2,443
 Commercial
  business            2,653     183     762     340   2,470    2,313
 Leasing and
  equipment finance  15,651  11,016   8,499   8,849   4,635    6,802
 Residential real
  estate              9,567   8,480  10,047  10,018   1,087     (451)
                    ------- ------- ------- ------- -------- --------
  Total             $74,569 $58,687 $71,693 $49,712 $15,882  $24,857
                    ======= ======= ======= ======= ======== ========



Over 30-day delinquency data - % of portfolio (1)
----------------------------------------------------------------------

                      At      At      At      At       Change from
                                                    -----------------
                     Sep.    Jun.    Dec.    Sep.
                      30,     30,     31,     30,   Jun. 30, Sep. 30,
                     2007    2007    2006    2006     2007     2006
                    ------- ------- ------- ------- -------- --------
 Consumer home
  equity
  First mortgage
   lien                 .69%    .50%    .60%    .45%     19 %     24 %
  Junior lien           .50     .40     .54     .43      10        7
   Total home
    equity              .62     .46     .58     .45      16       17
 Consumer other         .62     .42     .61    1.38      20      (76)
  Total consumer        .62     .46     .58     .45      16       17
 Commercial real
  estate                .30     .46     .76     .19     (16)      11
 Commercial
  business              .46     .03     .14     .06      43       40
 Leasing and
  equipment finance     .80     .58     .47     .51      22       29
 Residential real
  estate               1.76    1.49    1.61    1.52      27       24
  Total                 .63     .51     .63     .45      12       18


 Accruing loans and
  leases 90 or more
  past due          $13,887 $20,754 $12,214 $ 9,243 $(6,867) $ 4,644
                    ======= ======= ======= ======= ======== ========



Potential Problem Loans and Leases (2)
----------------------------------------------------------------------
                      At      At      At      At       Change from
                                                    -----------------
                     Sep.    Jun.    Dec.    Sep.
                      30,     30,     31,     30,   Jun. 30, Sep. 30,
                     2007    2007    2006    2006     2007     2006
                    ------- ------- ------- ------- -------- --------
 Commercial real
  estate            $42,277 $35,956 $43,216 $25,878 $ 6,321  $16,399
 Commercial
  business            8,764   8,557  11,664  12,493     207   (3,729)
 Leasing and
  equipment
  finance            14,109  12,022  11,265  11,707   2,087    2,402
                    ------- ------- ------- ------- -------- --------
                    $65,150 $56,535 $66,145 $50,078 $ 8,615  $15,072
                    ======= ======= ======= ======= ======== ========



(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 September 30,
                                    ----------------------------------
                                                  2007
                                    ----------------------------------
                                                            Yields
                                      Average                 and
                                      Balance    Interest  Rates (1)
                                    ----------- ---------- ---------

ASSETS

  Investments                       $   203,406  $   2,279      4.45%
  Securities available for sale       2,078,155     28,439      5.47
  Education loans held for sale         110,449      2,588      9.30
  Loans and leases:
   Consumer home equity:
    Fixed-rate                        4,750,552     83,735      6.99
    Variable-rate                     1,455,701     31,795      8.67
   Consumer - other                      45,440      1,115      9.74
                                    ----------- ----------
     Total consumer home equity and
      other                           6,251,693    116,645      7.40
   Commercial real estate:
    Fixed- and adjustable-rate        1,786,829     29,026      6.44
    Variable-rate                       584,378     11,583      7.86
                                    ----------- ----------
     Total commercial real estate     2,371,207     40,609      6.79
   Commercial business:
    Fixed- and adjustable-rate          170,593      2,718      6.32
    Variable-rate                       395,871      7,498      7.51
                                    ----------- ----------
     Total commercial business          566,464     10,216      7.16
   Leasing and equipment finance      1,937,269     37,974      7.84
                                    ----------- ----------
    Subtotal                         11,126,633    205,444      7.34
   Residential real estate              559,413      8,084      5.77
                                    ----------- ----------
    Total loans and leases           11,686,046    213,528      7.26
                                    ----------- ----------

     Total interest-earning assets   14,078,056    246,834      6.97
                                    ----------- ----------

  Other assets                        1,147,109
                                    -----------

   Total assets                     $15,225,165
                                    ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                           $ 1,406,155
   Small business                       596,197
   Commercial and custodial             195,529
                                    -----------
    Total non-interest bearing
     deposits                         2,197,881
  Interest-bearing deposits:
   Premier checking                   1,048,449      8,047      3.05
   Other checking                       823,833        901       .43
                                    ----------- ----------
    Subtotal                          1,872,282      8,948      1.90
   Premier savings                    1,202,672     13,184      4.35
   Other savings                      1,274,164      4,139      1.29
                                    ----------- ----------
    Subtotal                          2,476,836     17,323      2.77
   Money market                         606,198      4,618      3.02
                                    ----------- ----------
    Subtotal                          4,955,316     30,889      2.48
   Certificates of deposit            2,498,936     29,551      4.68
                                    ----------- ----------
    Total interest-bearing deposits   7,454,252     60,440      3.22
                                    ----------- ----------

     Total deposits                   9,652,133     60,440      2.48
                                    ----------- ----------

  Borrowings:
   Short-term borrowings                183,582      2,460      5.32
   Long-term borrowings               4,043,570     46,230      4.54
                                    ----------- ----------
     Total borrowings                 4,227,152     48,690      4.57
                                    ----------- ----------

   Total deposits and borrowings     13,879,285    109,130      3.12
                                    ----------- ----------

  Other liabilities                     334,630
                                    -----------

   Total liabilities                 14,213,915

  Stockholders' equity                1,011,250
                                    -----------

   Total liabilities and
    stockholders' equity            $15,225,165
                                    ===========


Net interest income and margin                   $ 137,704      3.90%
                                                ==========

(1) Annualized



                                    Three Months Ended September 30,
                                    ----------------------------------
                                                   2006
                                      --------------------------------
                                                             Yields
                                        Average                and
                                        Balance   Interest  Rates (1)
                                      ----------- --------- ---------

ASSETS

  Investments                         $    72,393 $     862      4.74%
  Securities available for sale         1,829,917    24,481      5.35
  Education loans held for sale           190,724     3,438      7.15
  Loans and leases:
   Consumer home equity:
    Fixed-rate                          4,027,680    69,705      6.87
    Variable-rate                       1,585,487    35,605      8.91
   Consumer - other                        36,978       961     10.31
                                      ----------- ---------
     Total consumer home equity and
      other                             5,650,145   106,271      7.46
   Commercial real estate:
    Fixed- and adjustable-rate          1,699,431    26,936      6.29
    Variable-rate                         709,806    14,256      7.97
                                      ----------- ---------
     Total commercial real estate       2,409,237    41,192      6.78
   Commercial business:
    Fixed- and adjustable-rate            142,293     2,265      6.32
    Variable-rate                         403,070     7,724      7.60
                                      ----------- ---------
     Total commercial business            545,363     9,989      7.27
   Leasing and equipment finance        1,707,045    32,174      7.54
                                      ----------- ---------
    Subtotal                           10,311,790   189,626      7.31
   Residential real estate                676,454     9,843      5.81
                                      ----------- ---------
    Total loans and leases             10,988,244   199,469      7.21
                                      ----------- ---------

     Total interest-earning assets     13,081,278   228,250      6.94
                                      ----------- ---------

  Other assets                          1,129,568
                                      -----------

   Total assets                       $14,210,846
                                      ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                             $ 1,484,651
   Small business                         615,119
   Commercial and custodial               209,365
                                      -----------
    Total non-interest bearing
     deposits                           2,309,135
  Interest-bearing deposits:
   Premier checking                     1,021,560     8,389      3.26
   Other checking                         840,966       485       .23
                                      ----------- ---------
    Subtotal                            1,862,526     8,874      1.89
   Premier savings                        942,760    10,291      4.33
   Other savings                        1,350,659     3,240       .96
                                      ----------- ---------
    Subtotal                            2,293,419    13,531      2.34
   Money market                           609,997     4,062      2.64
                                      ----------- ---------
    Subtotal                            4,765,942    26,467      2.21
   Certificates of deposit              2,431,364    26,767      4.36
                                      ----------- ---------
    Total interest-bearing deposits     7,197,306    53,234      2.93
                                      ----------- ---------

     Total deposits                     9,506,441    53,234      2.22
                                      ----------- ---------

  Borrowings:
   Short-term borrowings                  619,683     8,372      5.36
   Long-term borrowings                 2,780,532    31,611      4.51
                                      ----------- ---------
     Total borrowings                   3,400,215    39,983      4.67
                                      ----------- ---------

   Total deposits and borrowings       12,906,656    93,217      2.86
                                      ----------- ---------

  Other liabilities                       306,971
                                      -----------

   Total liabilities                   13,213,627

  Stockholders' equity                    997,219
                                      -----------

   Total liabilities and
    stockholders' equity              $14,210,846
                                      ===========


Net interest income and margin                    $ 135,033      4.11%
                                                  =========

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



                                     Nine Months Ended September 30,
                                   -----------------------------------
                                                 2007
                                   -----------------------------------
                                     Average              Yields and
                                     Balance    Interest  Rates (1)
                                   ----------- ---------- ----------

ASSETS

  Investments                      $   188,444 $    6,642       4.71%
  Securities available for sale      1,969,799     80,209       5.43
  Education loans held for sale        154,978     10,099       8.71
  Loans and leases:
   Consumer home equity:
    Fixed-rate                       4,614,472    240,538       6.97
    Variable-rate                    1,439,942     94,384       8.76
   Consumer - other                     43,014      3,193       9.92
                                   ----------- ----------
      Total consumer home equity
       and other                     6,097,428    338,115       7.41
   Commercial real estate:
    Fixed- and adjustable-rate       1,756,917     84,298       6.42
    Variable-rate                      609,225     35,549       7.80
                                   ----------- ----------
      Total commercial real estate   2,366,142    119,847       6.77
   Commercial business:
    Fixed- and adjustable-rate         166,490      7,999       6.42
    Variable-rate                      392,797     22,062       7.51
                                   ----------- ----------
      Total commercial business        559,287     30,061       7.19
   Leasing and equipment finance     1,885,427    108,290       7.66
                                   ----------- ----------
    Subtotal                        10,908,284    596,313       7.31
   Residential real estate             587,058     25,558       5.81
                                   ----------- ----------
    Total loans and leases          11,495,342    621,871       7.23
                                   ----------- ----------

      Total interest-earning assets 13,808,563    718,821       6.95
                                   ----------- ----------

  Other assets                       1,148,528
                                   -----------

   Total assets                    $14,957,091
                                   ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                          $ 1,476,451
   Small business                      593,122
   Commercial and custodial            198,848
                                   -----------
    Total non-interest bearing
     deposits                        2,268,421
  Interest-bearing deposits:
   Premier checking                  1,064,024     24,196       3.04
   Other checking                      827,580      2,164        .35
                                   ----------- ----------
    Subtotal                         1,891,604     26,360       1.86
   Premier savings                   1,127,843     36,175       4.29
   Other savings                     1,296,350     11,466       1.18
                                   ----------- ----------
    Subtotal                         2,424,193     47,641       2.63
   Money market                        606,885     13,322       2.93
                                   ----------- ----------
    Subtotal                         4,922,682     87,323       2.38
   Certificates of deposit           2,512,832     88,514       4.70
                                   ----------- ----------
    Total interest-bearing deposits  7,435,514    175,837       3.16
                                   ----------- ----------

      Total deposits                 9,703,935    175,837       2.42
                                   ----------- ----------

  Borrowings:
   Short-term borrowings               156,243      6,185       5.29
   Long-term borrowings              3,738,123    126,193       4.51
                                   ----------- ----------
      Total borrowings               3,894,366    132,378       4.54
                                   ----------- ----------

   Total deposits and borrowings    13,598,301    308,215       3.03
                                   ----------- ----------

  Other liabilities                    335,389
                                   -----------

   Total liabilities                13,933,690

  Stockholders' equity               1,023,401
                                   -----------

   Total liabilities and
    stockholders' equity           $14,957,091
                                   ===========


Net interest income and margin                 $  410,606       3.97%
                                               ==========

(1) Annualized



                                   Nine Months Ended September 30,
                                --------------------------------------
                                                 2006
                                  ------------------------------------
                                    Average               Yields and
                                    Balance     Interest   Rates (1)
                                  ------------ ---------- -----------

ASSETS

  Investments                     $     70,748 $    2,331        4.40%
  Securities available for sale      1,830,902     73,336        5.34
  Education loans held for sale        233,135     11,990        6.88
  Loans and leases:
   Consumer home equity:
    Fixed-rate                       3,702,181    188,288        6.80
    Variable-rate                    1,712,454    109,940        8.58
   Consumer - other                     35,563      2,675       10.06
                                  ------------ ----------
      Total consumer home equity
       and other                     5,450,198    300,903        7.38
   Commercial real estate:
    Fixed- and adjustable-rate       1,647,602     76,869        6.24
    Variable-rate                      731,770     41,478        7.58
                                  ------------ ----------
      Total commercial real
       estate                        2,379,372    118,347        6.65
   Commercial business:
    Fixed- and adjustable-rate         128,677      5,983        6.22
    Variable-rate                      370,094     20,299        7.33
                                  ------------ ----------
      Total commercial business        498,771     26,282        7.05
   Leasing and equipment finance     1,622,257     88,830        7.30
                                  ------------ ----------
    Subtotal                         9,950,598    534,362        7.18
   Residential real estate             713,947     31,078        5.81
                                  ------------ ----------
    Total loans and leases          10,664,545    565,440        7.08
                                  ------------ ----------

      Total interest-earning
       assets                       12,799,330    653,097        6.82
                                  ------------ ----------

  Other assets                       1,135,551
                                  ------------

   Total assets                   $ 13,934,881
                                  ============

LIABILITIES AND STOCKHOLDERS'
 EQUITY

  Non-interest bearing deposits:
   Retail                         $  1,531,942
   Small business                      603,469
   Commercial and custodial            241,720
                                  ------------
    Total non-interest bearing
     deposits                        2,377,131
  Interest-bearing deposits:
   Premier checking                    987,094     23,343        3.16
   Other checking                      881,323      1,553         .24
                                  ------------ ----------
    Subtotal                         1,868,417     24,896        1.78
   Premier savings                     860,191     26,202        4.07
   Other savings                     1,402,085      9,324         .89
                                  ------------ ----------
    Subtotal                         2,262,276     35,526        2.10
   Money market                        629,904     11,037        2.34
                                  ------------ ----------
    Subtotal                         4,760,597     71,459        2.01
   Certificates of deposit           2,230,458     67,869        4.06
                                  ------------ ----------
    Total interest-bearing
     deposits                        6,991,055    139,328        2.66
                                  ------------ ----------

      Total deposits                 9,368,186    139,328        1.99
                                  ------------ ----------

  Borrowings:
   Short-term borrowings               622,455     23,015        4.94
   Long-term borrowings              2,656,410     89,111        4.48
                                  ------------ ----------
      Total borrowings               3,278,865    112,126        4.57
                                  ------------ ----------

   Total deposits and borrowings    12,647,051    251,454        2.66
                                  ------------ ----------

  Other liabilities                    308,947
                                  ------------

   Total liabilities                12,955,998

  Stockholders' equity                 978,883
                                  ------------

   Total liabilities and
    stockholders' equity          $ 13,934,881
                                  ============


Net interest income and margin                 $  401,643        4.19%
                                               ==========

(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
                         --------------------------------------------
                         Sep. 30, Jun. 30, Mar. 31, Dec. 31, Sep. 30,
                           2007     2007     2007     2006     2006
                         -------- -------- -------- -------- --------
Interest income:
 Loans and leases        $213,528 $206,738 $201,605 $204,150 $199,469
 Securities available
  for sale                 28,439   26,665   25,105   24,699   24,481
 Education loans held
  for sale                  2,588    3,365    4,146    3,019    3,438
 Investments                2,279    1,557    2,806    1,173      862
                         -------- -------- -------- -------- --------
  Total interest income   246,834  238,325  233,662  233,041  228,250
                         -------- -------- -------- -------- --------
Interest expense:
 Deposits                  60,440   58,242   57,155   55,996   53,234
 Borrowings                48,690   42,658   41,030   41,158   39,983
                         -------- -------- -------- -------- --------
  Total interest expense  109,130  100,900   98,185   97,154   93,217
                         -------- -------- -------- -------- --------
      Net interest
       income             137,704  137,425  135,477  135,887  135,033
Provision for credit
 losses                    18,883   13,329    4,656   10,073    5,288
                         -------- -------- -------- -------- --------
  Net interest income
   after provision for
      credit losses       118,821  124,096  130,821  125,814  129,745
                         -------- -------- -------- -------- --------
Non-interest income:
 Fees and service
  charges                  71,965   71,728   62,022   66,735   70,777
 Card revenue              25,685   24,876   23,261   23,485   24,353
 ATM revenue                9,251    9,314    8,749    9,019    9,880
 Investments and
  insurance revenue         2,632    2,772    2,178    2,087    3,226
                         -------- -------- -------- -------- --------
  Subtotal                109,533  108,690   96,210  101,326  108,236
 Leasing and equipment
  finance                  15,110   15,199   14,001   15,165   13,372
 Other                      1,751    2,993    1,953    2,340    6,644
                         -------- -------- -------- -------- --------
  Fees and other revenue  126,394  126,882  112,164  118,831  128,252
 Gains on sales of
  securities available
  for sale                  2,017        -        -        -        -
 Gains on sales of
  branches and real
  estate                    1,246    2,723   31,173        -    1,260
                         -------- -------- -------- -------- --------
      Total non-interest
       income             129,657  129,605  143,337  118,831  129,512
                         -------- -------- -------- -------- --------
Non-interest expense:
 Compensation and
  employee benefits        85,113   86,707   88,093   85,811   84,795
 Occupancy and equipment   30,226   29,329   30,451   29,905   28,664
 Advertising and
  promotions                5,480    5,586    5,981    6,235    8,220
 Other                     37,632   36,531   35,315   39,611   36,931
                         -------- -------- -------- -------- --------
  Subtotal                158,451  158,153  159,840  161,562  158,610
 Operating lease
  depreciation              4,326    4,381    4,360    4,000    3,779
                         -------- -------- -------- -------- --------
  Total non-interest
   expense                162,777  162,534  164,200  165,562  162,389
                         -------- -------- -------- -------- --------
      Income before
       income tax expense  85,701   91,167  109,958   79,083   96,868
Income tax expense         26,563   29,038   27,234   25,350   30,941
                         -------- -------- -------- -------- --------
  Net income             $ 59,138 $ 62,129 $ 82,724 $ 53,733 $ 65,927
                         ======== ======== ======== ======== ========

Net income per common
 share:
 Basic                   $    .48 $    .49 $    .65 $    .42 $    .51
 Diluted                      .48      .49      .65      .42      .51

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

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

Return on average assets
 (1)                         1.55%    1.67%    2.24%    1.49%    1.86%
Return on average common
 equity (1)                 23.39    24.16    31.81    20.68    26.44
Net interest margin (1)      3.90     4.02     4.00     4.07     4.11
Net charge-offs as a
 percentage of
 average loans and
  leases (1)                  .38      .24      .10      .24      .18
Average total equity to
 average assets              6.64     6.92     7.03     7.20     7.02

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



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

ASSETS

Cash and due from banks        $   309,596  $   297,231  $   309,741
Investments                        203,406      130,977      231,256
Securities available for sale    2,078,155    1,967,524    1,861,335
Education loans held for sale      110,449      153,566      201,924
Loans and leases:
 Consumer home equity:
   Fixed-rate                    4,750,552    4,614,322    4,475,520
   Variable-rate                 1,455,701    1,421,390    1,442,593
 Consumer - other                   45,440       41,708       41,853
                               ------------ ------------ ------------
      Total consumer home
       equity and other          6,251,693    6,077,420    5,959,966
 Commercial real estate:
   Fixed- and adjustable-rate    1,786,829    1,750,690    1,732,636
   Variable-rate                   584,378      598,918      645,047
                               ------------ ------------ ------------
      Total commercial real
       estate                    2,371,207    2,349,608    2,377,683
 Commercial business:
   Fixed- and adjustable-rate      170,593      165,780      163,014
   Variable-rate                   395,871      391,354      391,113
                               ------------ ------------ ------------
      Total commercial business    566,464      557,134      554,127
 Leasing and equipment finance   1,937,269    1,879,958    1,837,964
                               ------------ ------------ ------------
   Subtotal                     11,126,633   10,864,120   10,729,740
 Residential real estate           559,413      587,400      614,970
                               ------------ ------------ ------------
   Total loans and leases       11,686,046   11,451,520   11,344,710
 Allowance for loan and lease
  losses                           (68,564)     (61,934)     (58,714)
                               ------------ ------------ ------------
   Net loans and leases         11,617,482   11,389,586   11,285,996
Premises and equipment             427,632      420,967      414,041
Goodwill                           152,599      152,599      152,599
Other assets                       325,846      339,170      344,594
                               ------------ ------------ ------------
                               $15,225,165  $14,851,620  $14,801,486
                               ============ ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                        $ 1,406,155  $ 1,492,429  $ 1,532,150
 Small business                    596,197      586,711      596,460
 Commercial and custodial          195,529      199,226      201,860
                               ------------ ------------ ------------
   Total non-interest bearing
    deposits                     2,197,881    2,278,366    2,330,470
Interest-bearing deposits:
 Premier checking                1,048,449    1,070,397    1,073,500
 Other checking                    823,833      834,405      824,512
                               ------------ ------------ ------------
   Subtotal                      1,872,282    1,904,802    1,898,012
 Premier savings                 1,202,672    1,109,341    1,070,059
 Other savings                   1,274,164    1,300,857    1,314,471
                               ------------ ------------ ------------
   Subtotal                      2,476,836    2,410,198    2,384,530
 Money market                      606,198      604,217      610,286
                               ------------ ------------ ------------
   Subtotal                      4,955,316    4,919,217    4,892,828
 Certificates of deposit         2,498,936    2,525,886    2,513,838
                               ------------ ------------ ------------
   Total interest-bearing
    deposits                     7,454,252    7,445,103    7,406,666
                               ------------ ------------ ------------
      Total deposits             9,652,133    9,723,469    9,737,136
                               ------------ ------------ ------------
Borrowings:
 Short-term borrowings             183,582      196,169       87,928
 Long-term borrowings            4,043,570    3,566,883    3,599,032
                               ------------ ------------ ------------
   Total borrowings              4,227,152    3,763,052    3,686,960
Accrued expenses and other
 liabilities                       334,630      336,676      337,178
                               ------------ ------------ ------------
   Total liabilities            14,213,915   13,823,197   13,761,274
                               ------------ ------------ ------------
Stockholders' equity:
 Common stock                        1,315        1,315        1,316
 Additional paid-in capital        351,905      351,312      344,685
 Retained earnings                 871,691      841,757      795,884
 Accumulated other
  comprehensive loss               (52,355)     (42,754)     (34,939)
 Treasury stock at cost and
  other                           (161,306)    (123,207)     (66,734)
                               ------------ ------------ ------------
                                 1,011,250    1,028,423    1,040,212
                               ------------ ------------ ------------
                               $15,225,165  $14,851,620  $14,801,486
                               ============ ============ ============

Supplemental Information:
-------------------------------
Securities available for sale  $ 2,078,155  $ 1,967,524  $ 1,861,335
Residential real estate loans      559,413      587,400      614,970
                               ------------ ------------ ------------
 Total securities available for
  sale and residential real
  estate loans                 $ 2,637,568  $ 2,554,924  $ 2,476,305
                               ============ ============ ============



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

ASSETS

Cash and due from banks                      $   316,389  $   322,484
Investments                                      101,548       72,393
Securities available for sale                  1,840,649    1,829,917
Education loans held for sale                    145,283      190,724
Loans and leases:
 Consumer home equity:
  Fixed-rate                                   4,293,070    4,027,680
  Variable-rate                                1,502,537    1,585,487
 Consumer - other                                 40,119       36,978
                                            ------------- ------------
      Total consumer home equity and other     5,835,726    5,650,145
 Commercial real estate:
  Fixed- and adjustable-rate                   1,718,735    1,699,431
  Variable-rate                                  692,497      709,806
                                            ------------- ------------
      Total commercial real estate             2,411,232    2,409,237
 Commercial business:
  Fixed- and adjustable-rate                     152,018      142,293
  Variable-rate                                  384,360      403,070
                                            ------------- ------------
      Total commercial business                  536,378      545,363
 Leasing and equipment finance                 1,771,231    1,707,045
                                            ------------- ------------
  Subtotal                                    10,554,567   10,311,790
 Residential real estate                         643,087      676,454
                                            ------------- ------------
  Total loans and leases                      11,197,654   10,988,244
 Allowance for loan and lease losses             (56,440)     (55,079)
                                            ------------- ------------
  Net loans and leases                        11,141,214   10,933,165
Premises and equipment                           400,812      388,099
Goodwill                                         152,599      152,599
Other assets                                     347,516      321,465
                                            ------------- ------------
                                             $14,446,010  $14,210,846
                                            ============= ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                                      $ 1,457,265  $ 1,484,651
 Small business                                  629,011      615,119
 Commercial and custodial                        206,034      209,365
                                            ------------- ------------
  Total non-interest bearing deposits          2,292,310    2,309,135
Interest-bearing deposits:
 Premier checking                              1,042,361    1,021,560
 Other checking                                  813,851      840,966
                                            ------------- ------------
  Subtotal                                     1,856,212    1,862,526
 Premier savings                               1,014,427      942,760
 Other savings                                 1,299,319    1,350,659
                                            ------------- ------------
  Subtotal                                     2,313,746    2,293,419
 Money market                                    593,961      609,997
                                            ------------- ------------
  Subtotal                                     4,763,919    4,765,942
 Certificates of deposit                       2,470,659    2,431,364
                                            ------------- ------------
  Total interest-bearing deposits              7,234,578    7,197,306
                                            ------------- ------------
      Total deposits                           9,526,888    9,506,441
                                            ------------- ------------
Borrowings:
 Short-term borrowings                           520,883      619,683
 Long-term borrowings                          3,039,011    2,780,532
                                            ------------- ------------
  Total borrowings                             3,559,894    3,400,215
Accrued expenses and other liabilities           319,740      306,971
                                            ------------- ------------
  Total liabilities                           13,406,522   13,213,627
                                            ------------- ------------
Stockholders' equity:
 Common stock                                      1,534        1,842
 Additional paid-in capital                      395,237      468,271
 Retained earnings                             1,129,892    1,611,335
 Accumulated other comprehensive loss            (23,804)     (37,225)
 Treasury stock at cost and other               (463,371)  (1,047,004)
                                            ------------- ------------
                                               1,039,488      997,219
                                            ------------- ------------
                                             $14,446,010  $14,210,846
                                            ============= ============

Supplemental Information:
--------------------------------------------
Securities available for sale                $ 1,840,649  $ 1,829,917
Residential real estate loans                    643,087      676,454
                                            ------------- ------------
 Total securities available for sale and
  residential real estate loans              $ 2,483,736  $ 2,506,371
                                            ============= ============
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
             CONSOLIDATED QUARTERLY YIELDS AND RATES (1)
                             (Unaudited)


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

ASSETS

  Investments                4.45%    4.77%    4.91%    4.59%    4.74%
  Securities available
   for sale                  5.47     5.42     5.40     5.37     5.35
  Education loans held
   for sale                  9.30     8.79     8.33     8.24     7.15
  Loans and leases:
   Consumer home equity:
    Fixed-rate               6.99     6.97     6.95     6.92     6.87
    Variable-rate            8.67     8.80     8.83     8.88     8.91
   Consumer - other          9.74    10.16     9.89    10.30    10.31
      Total consumer home
       equity and other      7.40     7.42     7.42     7.45     7.46
   Commercial real
    estate:
    Fixed- and
     adjustable-rate         6.44     6.42     6.38     6.51     6.29
    Variable-rate            7.86     7.83     7.72     7.88     7.97
      Total commercial
       real estate           6.79     6.78     6.74     6.91     6.78
   Commercial business:
    Fixed- and
     adjustable-rate         6.32     6.47     6.48     6.49     6.32
    Variable-rate            7.51     7.50     7.51     7.56     7.60
      Total commercial
       business              7.16     7.19     7.21     7.25     7.27
   Leasing and equipment
    finance                  7.84     7.67     7.45     7.56     7.54
    Subtotal                 7.34     7.31     7.27     7.33     7.31
   Residential real
    estate                   5.77     5.85     5.79     5.81     5.81
    Total loans and
     leases                  7.26     7.24     7.19     7.25     7.21

      Total interest-
       earning assets        6.97     6.97     6.92     6.98     6.94


LIABILITIES

  Interest-bearing
   deposits:
   Premier checking          3.05     2.98     3.10     3.12     3.26
   Other checking             .43      .35      .26      .23      .23
    Subtotal                 1.90     1.83     1.87     1.85     1.89
   Premier savings           4.35     4.22     4.29     4.33     4.33
   Other savings             1.29     1.15     1.11     1.06      .96
    Subtotal                 2.77     2.56     2.54     2.49     2.34
   Money market              3.02     2.89     2.89     2.79     2.64
    Subtotal                 2.48     2.32     2.32     2.28     2.21
   Certificates of
    deposit                  4.68     4.73     4.70     4.59     4.36
    Total interest-
     bearing deposits        3.22     3.14     3.13     3.07     2.93

      Total deposits         2.48     2.40     2.38     2.33     2.22

  Borrowings:
   Short-term borrowings     5.32     5.22     5.41     5.35     5.36
   Long-term borrowings      4.54     4.51     4.49     4.46     4.51
    Total borrowings         4.57     4.55     4.51     4.59     4.67

      Total interest-
       bearing
       liabilities           3.12     3.00     2.96     2.94     2.86


Net interest margin          3.90%    4.02%    4.00%    4.07%    4.11%

(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.