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TCF Reports Record 2007 Earnings and EPS ($2.12, up 11.6 percent)

2007 YEAR END HIGHLIGHTS

-- Record diluted earnings per share of $2.12, up 11.6 percent

-- Record net income of $266.8 million, up 8.9 percent

-- Return on average assets of 1.76 percent

-- Return on average common equity of 25.82 percent

-- Quarterly dividend increased 3.1 percent to 25 cents per share

-- Average Power Assets(R) increased by $950.2 million, or 9.4 percent

-- Opened 20 branches

Company Release - 1/23/2008 8:30 AM ET

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

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

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

($ in thousands, except per-
 share data)                                           Percent Change
                                                       ---------------
                                  4Q      3Q      4Q   4Q07 vs 4Q07 vs
                                 2007    2007    2006    3Q07   4Q06
                               ---------------------------------------
Net income                     $62,817 $59,138 $53,733     6.2%  16.9%
Diluted earnings per common
 share                             .50     .48     .42     4.2   19.0

Financial Ratios (1)
-------------------------------
Return on average assets          1.60%   1.55%   1.49%
Return on average common equity  23.55   23.39   20.68
Net interest margin               3.83    3.90    4.07
Net charge-offs as a percentage
  of average loans and leases      .46     .38     .24


($ in thousands, except per-share data)
                                                               Percent
                                               2007     2006   Change
                                             -------------------------
Net income                                   $266,808 $244,943    8.9%
Diluted earnings per common share                2.12     1.90   11.6

Financial Ratios (1)
---------------------------------------------
Return on average assets                         1.76%    1.74%
Return on average common equity                 25.82    24.37
Net interest margin                              3.94     4.16
Net charge-offs as a percentage
  of average loans and leases                     .30      .17


(1) Annualized

TCF Financial Corporation ("TCF") (NYSE: TCB) today reported diluted earnings per share of $2.12 for 2007, up 11.6 percent from $1.90 in 2006. Net income for 2007 was $266.8 million, compared with $244.9 million for 2006. Net income for 2007 included a $31.2 million pre-tax gain on the sale of 10 out-state Michigan branches, $6.7 million in pre-tax gains on sales of real estate, $13.3 million in pre-tax gains on sales of securities, a $7.7 million pre-tax charge for TCF's estimated contingent obligation related to Visa U.S.A. Inc. litigation indemnification and $18.4 million of favorable income tax settlements and adjustments for a combined after-tax impact of 37 cents per diluted share. Net income for 2006 included $4.2 million in pre-tax gains on sales of real estate, a $1.6 million net pre-tax gain on the sale of mortgage servicing rights and a $6.1 million reduction of income tax expense for a combined after-tax impact of eight cents per diluted share.

Return on average assets ("ROA") was 1.76 percent and return on average common equity ("ROE") was 25.82 percent for 2007, compared with 1.74 percent and 24.37 percent, respectively, for 2006.

Diluted earnings per share was 50 cents for the 2007 fourth quarter, compared with 42 cents for the same 2006 period, an increase of 19 percent. The fourth quarter of 2007 net income included $11.3 million in pre-tax gains on sales of securities, $2.8 million of pre-tax gains on sales of real estate, a $7.7 million pre-tax charge for TCF's estimated contingent obligation related to Visa U.S.A. Inc. litigation indemnification and $5.4 million of favorable income tax adjustments for a combined after-tax impact of seven cents per diluted share. Net income for the fourth quarter of 2006 included an $851 thousand reduction in income tax expense for an after-tax impact of one cent per diluted share.

Dividend Increase

TCF's Board of Directors announced, for the seventeenth consecutive year, an increase in the regular quarterly dividend to 25 cents per common share, effective for the first quarter of 2008. This represents a 3.1 percent increase over the 2007 quarterly dividend of 24.25 cents per common share. The dividend is payable on February 29, 2008 to common stockholders of record at the close of business on February 1, 2008. TCF's 10-year compounded dividend growth rate is the ninth highest among the 50 largest banks in the country.

Chief Executive Officer's Statement

"TCF earned a record $2.12 per share in 2007, despite operating in a difficult interest rate and economic environment, which included the impact of a significant slowdown in the housing market," said Lynn A. Nagorske, CEO, TCF Financial Corporation. "Consistent with TCF's philosophy of banking, we did not participate in any subprime teaser rate lending programs, collateralized debt obligations or structured investment vehicles which have caused other financial institutions to report large losses."

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

                                                      Percent Change
                                                      ---------------
($ in thousands)              4Q       3Q       4Q    4Q07 vs 4Q07 vs
                             2007     2007     2006     3Q07   4Q06
                           -------------------------------------------
Net interest income        $139,571 $137,704 $135,887     1.4%   2.7%
                           ---------------------------
Fees and other revenue:
  Fees and service charges   72,331   71,965   66,735      .5    8.4
  Card revenue               25,058   25,685   23,485    (2.4)   6.7
  ATM revenue                 8,306    9,251    9,019   (10.2)  (7.9)
  Investments and insurance   2,736    2,632    2,087     4.0   31.1
                           ---------------------------
    Total banking fees      108,431  109,533  101,326    (1.0)   7.0
  Leasing and equipment
   finance                   14,841   15,110   15,165    (1.8)  (2.1)
  Other                       1,573    1,751    2,340   (10.2) (32.8)
                           ---------------------------
    Total fees and other
     revenue                124,845  126,394  118,831    (1.2)   5.1
    Gains on sales of
     securities available                               N.M.
     for sale                11,261    2,017        -          100.0
    Gains on sales of
     branches
       and real estate        2,752    1,246        -   120.9  100.0
                           ---------------------------
       Total non-interest
        income              138,858  129,657  118,831     7.1   16.9
                           ---------------------------
       Total revenue       $278,429 $267,361 $254,718     4.1    9.3
                           ===========================

Net interest margin (1)        3.83%    3.90%    4.07%
Fees and other revenue as a
 % of:
 Total revenue                44.84    47.27    46.65
 Average assets (1)            3.18     3.32     3.29



($ in thousands)                                               Percent
                                            2007       2006    Change
                                         -----------------------------
Net interest income                      $  550,177 $  537,530    2.4%
                                         ----------------------
Fees and other revenue:
  Fees and service charges                  278,046    270,166    2.9
  Card revenue                               98,880     92,084    7.4
  ATM revenue                                35,620     37,760   (5.7)
  Investments and insurance                  10,318     10,695   (3.5)
                                         ----------------------
    Total banking fees                      422,864    410,705    3.0
  Leasing and equipment finance              59,151     53,004   11.6
  Other                                       8,270     21,567  (61.7)
                                         ----------------------
    Total fees and other revenue            490,285    485,276    1.0
    Gains on sales of securities
     available for sale                      13,278          -  100.0
    Gains on sales of branches
       and real estate                       37,894      4,188    N.M.
                                         ----------------------
       Total non-interest income            541,457    489,464   10.6
                                         ----------------------
       Total revenue                     $1,091,634 $1,026,994    6.3
                                         ======================

Net interest margin (1)                        3.94%      4.16%
Fees and other revenue as a % of:
 Total revenue                                44.91      47.25
 Average assets (1)                            3.24       3.45


N.M. = Not Meaningful
(1) Annualized

Net Interest Income

TCF's net interest income in 2007 was $550.2 million, up $12.6 million, or 2.4 percent, from 2006. Net interest margin in 2007 was 3.94 percent, compared with 4.16 percent for 2006. The increase in net interest income from 2006 was primarily attributable to a $1.1 billion, or 8.2 percent, increase in average interest-earning assets, partially offset by a 22 basis point reduction in net interest margin.

Net interest income for the fourth quarter of 2007 increased $3.7 million, or 2.7 percent, compared with the fourth quarter of 2006. Net interest margin in the fourth quarter of 2007 was 3.83 percent, compared with 4.07 percent last year and 3.90 percent in the third quarter of 2007.

The decrease in net interest margin from last year is primarily due to partially funding the growth in interest earning assets with borrowings and higher-cost deposits and continued customer preference for lower yielding fixed-rate loans. The decrease in net interest margin from the fourth quarter of 2006 is primarily due to partially funding the growth in interest earning assets with borrowings and higher cost deposits, continued customer preference for lower yielding fixed-rate loans and the net impact of interest rate changes on variable-rate assets and liabilities, partially offset by increased interest rates on higher balances of fixed-rate assets.

Non-interest Income

Total non-interest income was $541.5 million for 2007, up $52 million, or 10.6 percent, from 2006. Banking fees and service charges were $278 million for 2007, up $7.9 million, or 2.9 percent, from 2006 primarily due to higher activity in deposit service fees. Fees and service charges in 2006 included $5.3 million of fees from the Michigan branches that were sold in the first quarter of 2007. Card revenues totaled $98.9 million for 2007, up $6.8 million, or 7.4 percent, from 2006 due to increased sales volume as a result of increases in the number of active accounts and customer transaction volumes. ATM revenue was $35.6 million, down $2.1 million, or 5.7 percent, from 2006 due to continued declines in fees charged to TCF customers for use of non-TCF ATM machines caused by growth in TCF's fee free checking products and changes in customer ATM usage behavior. Leasing and equipment finance revenues were $59.2 million for 2007, up $6.1 million, or 11.6 percent, from 2006, due to higher operating lease revenue, sales-type lease revenue and other fees. Average operating lease balances were $73.4 million in 2007, an increase of $6.6 million, or 9.9 percent over average operating lease balances of $66.7 million in 2006. Other revenues were $8.3 million for 2007, down $13.3 million from 2006, primarily due to a $5.2 million decrease in gains on sales of education loans and no mortgage banking revenue in 2007 compared with mortgage banking revenue of $4.7 million in 2006. Gains on sales of securities available for sale were $13.3 million in 2007 on sales of $1.2 billion of mortgage-backed securities. There were no such sales or gains in 2006.

Total non-interest income in the fourth quarter of 2007 was $138.9 million, up $20 million, or 16.9 percent, from the fourth quarter of 2006. Fees and service charges were $72.3 million, up $5.6 million, or 8.4 percent, from the fourth quarter of 2006 primarily due to higher deposit service fees. Card revenues totaled $25.1 million for the fourth quarter of 2007, up $1.6 million, or 6.7 percent, over the same period in 2006. ATM revenue was $8.3 million, down $713 thousand, or 7.9 percent, from the fourth quarter of 2006.

Branches

Number of Branches                                             Table 3
----------------------------------------------------------------------
At period end
                Total       New                    Total      New
              Branches Branches (1)              Branches Branches (1)
              ----------------------             ---------------------
Minnesota           109           24  Traditional      194          83
Illinois            202           40  Supermarket      244          48
Michigan             56           25  Campus            15          10
                                                 ---------------------
Colorado             46           42                   453         141
                                                 =====================
Wisconsin            31            5
Indiana               5            1
Arizona               4            4
              ----------------------
Total Branches      453          141
              ======================

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

TCF opened 20 branches during 2007, including 10 traditional branches, seven supermarket branches and three campus branches, and relocated six traditional branches. TCF also closed and consolidated four traditional branches and six supermarket branches and sold 10 Michigan branches, including the related deposit accounts. Since January 2002, TCF has opened 141 new branches, representing 31.1 percent of TCF's 453 total branches. During the fourth quarter of 2007, TCF opened four traditional branches and two supermarket branches, and relocated four traditional branches. TCF also closed and consolidated two traditional branches into nearby branches to improve operating efficiencies.

In 2008, TCF intends to focus on optimizing existing branches in target market areas to improve convenience and service to customers and enhance branch performance, and plans to remodel 19 supermarket branches and one campus branch, and to relocate two traditional branches and one supermarket branch. TCF also plans to open 10 new branches in 2008, consisting of five traditional branches and five supermarket branches, and to close and consolidate three traditional branches into nearby branches. Additional information regarding the results of TCF's new branches opened since January 1, 2002 is summarized as follows:

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

                                                      4Q07 vs 4Q06
                                                   ------------------
($ in thousands)                4Q         4Q                 Percent
                               2007       2006       Change   Change
                            ------------------------------------------
Number of deposit accounts      384,062    289,459     94,603   32.7%
Average deposits:
  Checking                  $   369,148 $  302,317  $  66,831   22.1
  Savings                       418,087    287,461    130,626   45.4
  Money market                   54,029     35,422     18,607   52.5
                            ----------------------------------
    Subtotal                    841,264    625,200    216,064   34.6
  Certificates of deposit       366,218    431,488    (65,270) (15.1)
                            ----------------------------------
    Total deposits          $ 1,207,482 $1,056,688  $ 150,794   14.3
                            ==================================


Total fees and other revenue$    20,179 $   14,250  $   5,929   41.6


($ in thousands)                                             Percent
                                          2007       2006     Change
                                      --------------------------------
Number of deposit accounts
Average deposits:
  Checking                             $   347,865 $ 280,630     24.0%
  Savings                                  359,593   260,337     38.1
  Money market                              46,949    29,162     61.0
                                      ----------------------
    Subtotal                               754,407   570,129     32.3
  Certificates of deposit                  413,777   402,935      2.7
                                      ----------------------
    Total deposits                     $ 1,168,184 $ 973,064     20.1
                                      ======================


Total fees and other revenue           $    73,204 $  54,786     33.6

Power Assets(R)

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

                                                       Percent Change
                                                      ----------------
($ in thousands)       4Q          3Q          4Q     4Q07 vs 4Q07 vs
                      2007        2007        2006      3Q07   4Q06
                   ---------------------------------------------------
Loans and leases:
 (1)
 Consumer home
  equity:
  First mortgage
   lien            $ 4,112,086 $ 3,994,573 $ 3,718,402    2.9%  10.6%
  Junior lien        2,299,461   2,211,680   2,077,205    4.0   10.7
                   -----------------------------------
    Total consumer
     home equity     6,411,547   6,206,253   5,795,607    3.3   10.6
 Consumer other         45,294      45,440      40,119    (.3)  12.9
                   -----------------------------------
    Total consumer   6,456,841   6,251,693   5,835,726    3.3   10.6
 Commercial real
  estate             2,445,012   2,371,207   2,411,232    3.1    1.4
 Commercial
  business             574,881     566,464     536,378    1.5    7.2
                   -----------------------------------
    Total
     commercial      3,019,893   2,937,671   2,947,610    2.8    2.5
 Leasing and
  equipment finance  2,005,889   1,937,269   1,771,231    3.5   13.2
                   -----------------------------------
    Total Power
     Assets        $11,482,623 $11,126,633 $10,554,567    3.2    8.8
                   ===================================



($ in thousands)                                               Percent
                                           2007        2006    Change
                                        ------------------------------
Loans and leases: (1)
 Consumer home equity:
  First mortgage lien                   $ 3,953,442 $ 3,561,922  11.0%
  Junior lien                             2,190,988   1,948,739  12.4
                                        -----------------------
    Total consumer home equity            6,144,430   5,510,661  11.5
 Consumer other                              43,589      36,711  18.7
                                        -----------------------
    Total consumer                        6,188,019   5,547,372  11.5
 Commercial real estate                   2,386,022   2,387,402   (.1)
 Commercial business                        563,218     508,250  10.8
                                        -----------------------
    Total commercial                      2,949,240   2,895,652   1.9
 Leasing and equipment finance            1,915,790   1,659,807  15.4
                                        -----------------------
    Total Power Assets                  $11,053,049 $10,102,831   9.4
                                        =======================


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

TCF's average Power Assets grew $950.2 million, or 9.4 percent, in 2007 from 2006. TCF's average consumer loan balances increased $640.6 million, or 11.5 percent, average leasing and equipment finance balances increased $256 million, or 15.4 percent, primarily due to record originations, and average commercial loan balances increased $53.6 million, or 1.9 percent, primarily due to lower prepayments.

The increase in average consumer home equity loans was primarily due to an $832.6 million increase in fixed-rate consumer home equity loans, partially offset by a $198.9 million decrease in variable-rate consumer home equity loans. At December 31, 2007, 64.1 percent of the consumer home equity portfolio was secured by first liens.

Power Liabilities(R)

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

                                                       Percent Change
                                                      ----------------
($ in thousands)         4Q         3Q         4Q     4Q07 vs 4Q07 vs
                        2007       2007       2006      3Q07   4Q06
                     -------------------------------------------------
Non-interest bearing
 deposits:
  Retail             $1,348,202 $1,406,155 $1,457,265  (4.1) %(7.5) %
  Small business        600,491    596,197    629,011    .7   (4.5)
  Commercial and
   custodial            201,161    195,529    206,034   2.9   (2.4)
                     ---------------------------------
    Total non-
     interest bearing 2,149,854  2,197,881  2,292,310  (2.2)  (6.2)
Interest-bearing
 deposits:
  Premier checking    1,026,408  1,048,449  1,042,361  (2.1)  (1.5)
  Other checking        816,512    823,833    813,851   (.9)    .3
                     ---------------------------------
    Subtotal          1,842,920  1,872,282  1,856,212  (1.6)   (.7)
  Premier savings     1,353,638  1,202,672  1,014,427  12.6   33.4
  Other savings       1,229,808  1,274,164  1,299,319  (3.5)  (5.3)
                     ---------------------------------
    Subtotal          2,583,446  2,476,836  2,313,746   4.3   11.7
  Money market          598,483    606,198    593,961  (1.3)    .8
                     ---------------------------------
    Subtotal          5,024,849  4,955,316  4,763,919   1.4    5.5
  Certificates of
   deposit            2,307,411  2,498,936  2,470,659  (7.7)  (6.6)
                     ---------------------------------
     Total interest-
      bearing         7,332,260  7,454,252  7,234,578  (1.6)   1.4
                     ---------------------------------
       Power
        Liabilities  $9,482,114 $9,652,133 $9,526,888  (1.8)   (.5)
                     =================================

Average rate on
 deposits                  2.29%      2.48%      2.33%


($ in thousands)                            YTD        YTD    Percent
                                           2007       2006     Change
                                        ------------------------------
Non-interest bearing deposits:
  Retail                                $1,444,125 $1,513,121  (4.6) %
  Small business                           594,979    609,907  (2.4)
  Commercial and custodial                 199,432    232,725 (14.3)
                                        ----------------------
    Total non-interest bearing           2,238,536  2,355,753  (5.0)
Interest-bearing deposits:
  Premier checking                       1,054,542  1,001,024   5.3
  Other checking                           824,791    864,316  (4.6)
                                        ----------------------
    Subtotal                             1,879,333  1,865,340    .8
  Premier savings                        1,184,756    899,067  31.8
  Other savings                          1,279,577  1,376,182  (7.0)
                                        ----------------------
    Subtotal                             2,464,333  2,275,249   8.3
  Money market                             604,767    620,844  (2.6)
                                        ----------------------
    Subtotal                             4,948,433  4,761,433   3.9
  Certificates of deposit                2,461,055  2,291,002   7.4
                                        ----------------------
     Total interest-bearing              7,409,488  7,052,435   5.1
                                        ----------------------
       Power Liabilities                $9,648,024 $9,408,188   2.5
                                        ======================

Average rate on deposits                      2.39%      2.08%

Average Power Liabilities totaled $9.6 billion for 2007, with an average interest rate of 2.39 percent. Excluding the Michigan deposits sold in the first quarter of 2007, average Power Liabilities increased $413.4 million, or 4.5 percent, from 2006. The increase was primarily driven by increases in higher-cost savings and certificates of deposit, partially offset by declines in non-interest bearing deposits driven by the continued customer preference for higher-cost market-rate deposits.

Average Power Liabilities totaled $9.5 billion for the fourth quarter of 2007, down $170 million, or 1.8 percent, from the third quarter of 2007, primarily due to a $191.5 million decline in certificates of deposit as a result of intense deposit competition.

Non-interest Expense

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

                                                       Percent Change
                                                       ---------------
($ in thousands)                4Q      3Q       4Q    4Q07 vs 4Q07 vs
                               2007    2007     2006     3Q07   4Q06
                             -----------------------------------------
Compensation and employee
 benefits                    $ 86,555 $ 85,113 $ 85,811    1.7%    .9%
Occupancy and equipment        30,818   30,226   29,905    2.0    3.1
Advertising and promotions      4,632    5,480    6,235  (15.5) (25.7)
Other                          38,391   37,632   39,611    2.0   (3.1)
                             --------------------------
  Subtotal                    160,396  158,451  161,562    1.2    (.7)
Visa indemnification            7,696        -        -  100.0  100.0
Operating lease depreciation    4,521    4,326    4,000    4.5   13.0
                             --------------------------
  Total non-interest expense $172,613 $162,777 $165,562    6.0    4.3
                             ==========================


($ in thousands)                                               Percent
                                                2007    2006   Change
                                              ------------------------
Compensation and employee benefits
                                              $346,468 $341,857   1.3%
Occupancy and equipment                        120,824  114,618   5.4
Advertising and promotions                      21,679   26,926 (19.5)
Other                                          147,869  151,449  (2.4)
                                              -----------------
  Subtotal                                     636,840  634,850    .3
Visa indemnification                             7,696        - 100.0
Operating lease depreciation                    17,588   14,347  22.6
                                              -----------------
  Total non-interest expense                  $662,124 $649,197   2.0
                                              =================

Non-interest expense (excluding Visa indemnification expense and operating lease depreciation) totaled $636.8 million for 2007, up $2 million, or .3 percent, from $634.9 million for 2006. Compensation and employee benefits were well controlled and increased $4.6 million, or 1.3 percent, from 2006. Increases due to branch expansion were partially offset by decreases resulting from branches sold, closed branches and other efficiency initiatives. Occupancy and equipment expenses increased $6.2 million, or 5.4 percent, from 2006, primarily due to the costs associated with branch expansion, relocation and remodeling. Advertising and promotions expense was $21.7 million, down $5.2 million, or 19.5 percent, from 2006, primarily due to spending reductions on media and promotions. Other expense decreased $3.6 million, or 2.4 percent, primarily due to expense control initiatives partially offset by a $3 million increase in loan and lease related costs mainly driven by higher private mortgage insurance expense, a $1.5 million increase in net real estate expenses due to higher losses on foreclosed real estate and a $1.1 million increase in card processing and issuance costs due to increased transactions. Operating lease depreciation increased $3.2 million, or 22.6 percent, from 2006, primarily driven by higher average operating lease balances in TCF's leasing and equipment finance subsidiaries.

Non-interest expense (excluding Visa indemnification expense and operating lease depreciation) totaled $160.4 million for the 2007 fourth quarter, down $1.2 million, or .7 percent, from the fourth quarter of 2006. Compensation and employee benefits increased $744 thousand, or .9 percent, from the fourth quarter of 2006 primarily due to branch expansion partially offset by decreases resulting from branches sold or closed branches and other efficiency initiatives. Occupancy and equipment expenses increased $913 thousand, or 3.1 percent, from the fourth quarter of 2006 primarily due to costs associated with branch expansion. Advertising and promotions expense was $4.6 million, down $1.6 million, or 25.7 percent, from 2006, primarily due to decreased media and promotion expenses. Other expense decreased $1.2 million, or 3.1 percent, primarily due to expense control initiatives partially offset by an $879 thousand increase in net real estate expenses due to higher losses on foreclosed real estate and a $747 thousand increase in card processing and issuance costs due to increased transactions. The fourth quarter of 2006 included approximately $1 million of severance and other exit costs related to the closure and consolidation of 13 branches and other staff reductions.

TCF is a member of Visa U.S.A. Inc. ("Visa") for issuance and processing of its card transactions. As a member of Visa, TCF has a contingent obligation to indemnify Visa for losses in connection with certain covered litigation matters. TCF recognized a $7.7 million pre-tax charge in the fourth quarter of 2007 for this contingent obligation.

Credit Quality

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

                                                       Percent Change
                                                       ---------------
($ in thousands)               4Q       3Q       4Q    4Q07 vs 4Q07 vs
                              2007     2007     2006     3Q07   4Q06
                            ------------------------------------------
Allowance for loan and
 lease losses
--------------------------
Balance at beginning of
 period                     $ 74,632 $ 66,809 $55,098     11.7%  35.5%
  Charge-offs                (17,771) (14,669) (9,895)    21.1   79.6
  Recoveries                   3,957    3,609   3,267      9.6   21.1
                            --------------------------
    Net charge-offs          (13,814) (11,060) (6,628)    24.9  108.4
  Provision for credit
   losses                     20,124   18,883  10,073      6.6   99.8
                            --------------------------
Balance at end of period    $ 80,942 $ 74,632 $58,543      8.5   38.3
                            ==========================

Allowance as a
 percentage of period
 end loans and leases            .66%     .63%    .52%
Ratio of allowance to net        1.5X     1.7X    2.2X
 charge-offs (1)

Net Charge-offs as a
 Percentage of
 Average Loans and Leases
  (1)
-------------------------
 Consumer home equity:
   First mortgage lien           .30%     .27%    .12%
   Junior lien                   .62      .58     .39
    Total home equity            .42      .38     .21
 Total consumer                  .56      .59     .32
 Commercial real estate          .33        -       -
 Commercial business             .30      .44     .13
 Leasing and equipment
  finance                        .45      .24     .36
 Residential real estate         .05      .07     .10
   Total                         .46      .38     .24

Other Credit Quality
 Data
------------------------
 Delinquencies (30+
  days) (2)                 $ 82,577 $ 74,569 $71,693     10.7   15.2
 Delinquencies as a
  percentage of loan and
  lease portfolio (2):           .67%     .63%    .63%

 Non-accrual loans and
  leases                    $ 59,854 $ 47,235 $43,185     26.7   38.6
 Real estate owned            45,765   43,010  22,453      6.4  103.8
                            --------------------------
  Total non-performing
   assets                   $105,619 $ 90,245 $65,638     17.0   60.9
                            ==========================
 Non-performing assets as
  a percentage of net
  loans and leases               .86%     .76%    .58%




($ in thousands)                                               Percent
                                               2007     2006   Change
                                             -------------------------
Allowance for loan and lease losses
--------------------------------------------
Balance at beginning of period               $ 58,543 $ 55,823    4.9%
  Charge-offs                                 (52,421) (33,221)  57.8
  Recoveries                                   17,828   15,252   16.9
                                             ------------------
    Net charge-offs                           (34,593) (17,969)  92.5
  Provision for credit losses                  56,992   20,689  175.5
                                             ------------------
Balance at end of period                     $ 80,942 $ 58,543   38.3
                                             ==================

Allowance as a percentage of period end
 loans and leases                                 .66%     .52%
Ratio of allowance to net charge-offs (1)         2.3X     3.3X

Net Charge-offs as a Percentage of
 Average Loans and Leases (1)
-------------------------------------------
 Consumer home equity:
   First mortgage lien                            .24%     .09%
   Junior lien                                    .50      .22
    Total home equity                             .33      .13
 Total consumer                                   .43      .22
 Commercial real estate                           .10      .01
 Commercial business                              .22      .09
 Leasing and equipment finance                    .20      .29
 Residential real estate                          .04      .04
   Total                                          .30      .17

Other Credit Quality Data
------------------------------------------
 Delinquencies (30+ days) (2)
 Delinquencies as a percentage of loan and
  lease portfolio (2):

 Non-accrual loans and leases
 Real estate owned
  Total non-performing assets
 Non-performing assets as a percentage of
  net loans and leases



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

At December 31, 2007, TCF's allowance for loan and lease losses totaled $80.9 million, or .66 percent of loans and leases, compared with $58.5 million, or .52 percent, at December 31, 2006 and $74.6 million, or .63 percent, at September 30, 2007. The provision for credit losses for 2007 was $57 million, up from $20.7 million in 2006, primarily due to higher consumer home equity net charge-offs and the resulting portfolio reserve rate increases, higher net charge-offs and reserves for certain commercial loans, primarily in Michigan, and reductions in reserves for certain equipment finance loans and leases in 2006.

Consumer home equity net charge-offs for 2007, which have steadily increased during the year, were $20.4 million, an increase of $13 million over 2006. The higher net charge-offs are primarily due to the slowdown in the residential real estate market in Minnesota and Michigan.

The provision for credit losses was $20.1 million in the fourth quarter of 2007, up from $10.1 million in the fourth quarter of 2006, primarily due to higher consumer home equity net charge-offs and the resulting portfolio reserve rate increases. Net loan and lease charge-offs during the fourth quarter of 2007 were $13.8 million, or .46 percent of average loans and leases, up from $6.6 million, or .24 percent, in the same period of 2006, primarily due to higher consumer home equity and commercial real estate loan net charge-offs.

At December 31, 2007, TCF's over-30-day delinquency rate was .67 percent, up from .63 percent at December 31, 2006, primarily due to consumer home equity loans and leasing and equipment finance receivables, partially offset by a decrease for commercial real estate loans. Total non-performing assets were $105.6 million, or .66 percent of total assets, at December 31, 2007, up from $65.6 million, or .45 percent of total assets, at December 31, 2006. The increase in non-performing assets from December 31, 2006 was primarily due to a $14.5 million increase in commercial real estate owned, an $8.9 million increase in residential real estate owned, a $9.7 million increase in consumer home equity non-accrual loans and a $6.4 million increase in commercial non-accrual loans.

Income Taxes

TCF's income tax expense was $105.7 million for 2007, or 28.4 percent of pre-tax income, compared with $112.2 million, or 31.4 percent, for 2006. Income tax expense for 2007 includes an $8.5 million reduction related to a favorable settlement with the IRS of a tax issue from a prior year and $9.9 million of other reductions primarily resulting from changes in uncertain tax positions and state tax laws. Income tax expense for 2006 includes $6.1 million of reductions for favorable developments involving uncertain tax positions. Excluding these items, the effective income tax rate was 33.9 percent for 2007 and 33.1 percent for 2006.

TCF's income tax expense was $22.9 million for the fourth quarter of 2007, or 26.7 percent of pre-tax income, compared with $25.4 million, or 32.1 percent, for the comparable 2006 period. The lower effective income tax rate for the fourth quarter of 2007 is primarily due to $5.4 million of reductions in income tax expense for uncertain tax positions, compared with $851 thousand of reductions in income tax expense in the fourth quarter of 2006. Excluding these items, the effective income tax rates for the fourth quarters of 2007 and 2006 were 33 percent and 33.1 percent, respectively.

Capital

Capital Information                                            Table 9
----------------------------------------------------------------------
At period end
($ in thousands, except per-share
 data)                               4Q                 4Q
                                    2007               2006
                                 ----------         ----------
Stockholders' equity             $1,099,012         $1,033,374
Stockholders' equity to total
 assets                                6.88%              7.04%
Book value per common share      $     8.68         $     7.92

Risk-based capital
 Tier 1                          $  964,467   8.28% $  914,128   8.65%
 Total                            1,245,808  10.70   1,173,073  11.10
 Total "well-capitalized"
  requirement                     1,164,829  10.00   1,056,694  10.00
 Excess over "well-capitalized"
  requirement                        80,979    .70     116,379   1.10

TCF repurchased 3.9 million shares of its common stock during 2007 at an average cost of $26.92 per share. TCF has 5.4 million shares remaining under the stock repurchase program authorized by its Board of Directors as of December 31, 2007.

Website Information

A live webcast of TCF's conference call to discuss 2007 earnings will be hosted at TCF's website, www.tcfbank.com, on January 23, 2008 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 $16 billion in total assets. TCF has 453 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 new 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 possible increases in indemnification obligations for certain litigation against Visa ("covered litigation") and potential reductions in card revenues resulting from other litigation 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
                                       December 31,        Change
                                    ------------------ ---------------
                                      2007      2006      $       %
                                    --------- -------- -------- ------
Interest income:
 Loans and leases                    $215,082 $204,150 $10,932    5.4
 Securities available for sale         29,372   24,699   4,673   18.9
 Education loans held for sale          3,153    3,019     134    4.4
 Investments                            1,595    1,173     422   36.0
                                    --------- -------- --------
  Total interest income               249,202  233,041  16,161    6.9
                                    --------- -------- --------
Interest expense:
 Deposits                              54,788   55,996  (1,208)  (2.2)
 Borrowings                            54,843   41,158  13,685   33.2
                                    --------- -------- --------
  Total interest expense              109,631   97,154  12,477   12.8
                                    --------- -------- --------
      Net interest income             139,571  135,887   3,684    2.7
Provision for credit losses            20,124   10,073  10,051   99.8
                                    --------- -------- --------
  Net interest income after
   provision for credit losses        119,447  125,814  (6,367)  (5.1)
                                    --------- -------- --------
Non-interest income:
 Fees and service charges              72,331   66,735   5,596    8.4
 Card revenue                          25,058   23,485   1,573    6.7
 ATM revenue                            8,306    9,019    (713)  (7.9)
 Investments and insurance revenue      2,736    2,087     649   31.1
                                    --------- -------- --------
  Subtotal                            108,431  101,326   7,105    7.0
 Leasing and equipment finance         14,841   15,165    (324)  (2.1)
 Other                                  1,573    2,340    (767) (32.8)
                                    --------- -------- --------
  Fees and other revenue              124,845  118,831   6,014    5.1
 Gains on sales of securities
  available for sale                   11,261        -  11,261  100.0
 Gains on sales of branches and real
  estate                                2,752        -   2,752  100.0
                                    --------- -------- --------
  Total non-interest income           138,858  118,831  20,027   16.9
                                    --------- -------- --------
Non-interest expense:
 Compensation and employee benefits    86,555   85,811     744     .9
 Occupancy and equipment               30,818   29,905     913    3.1
 Advertising and promotions             4,632    6,235  (1,603) (25.7)
 Other                                 46,087   39,611   6,476   16.3
                                    --------- -------- --------
  Subtotal                            168,092  161,562   6,530    4.0
 Operating lease depreciation           4,521    4,000     521   13.0
                                    --------- -------- --------
  Total non-interest expense          172,613  165,562   7,051    4.3
                                    --------- -------- --------
      Income before income tax
       expense                         85,692   79,083   6,609    8.4
Income tax expense                     22,875   25,350  (2,475)  (9.8)
                                    --------- -------- --------
      Net income                     $ 62,817 $ 53,733 $ 9,084   16.9
                                    ========= ======== ========

Net income per common share:
 Basic                               $    .51 $    .42 $   .09   21.4
 Diluted                                  .50      .42     .08   19.0

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

Average common and common equivalent
 shares outstanding (in thousands):
  Basic                               124,058  128,209  (4,151)  (3.2)
  Diluted                             124,927  128,515  (3,588)  (2.8)







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


                                       Year Ended
                                      December 31,         Change
                                    ----------------- ----------------
                                      2007     2006       $       %
                                    -------- -------- --------- ------
Interest income:
 Loans and leases                   $836,953 $769,590 $ 67,363    8.8
 Securities available for sale       109,581   98,035   11,546   11.8
 Education loans held for sale        13,252   15,009   (1,757) (11.7)
 Investments                           8,237    3,504    4,733  135.1
                                    -------- -------- ---------
  Total interest income              968,023  886,138   81,885    9.2
                                    -------- -------- ---------
Interest expense:
 Deposits                            230,625  195,324   35,301   18.1
 Borrowings                          187,221  153,284   33,937   22.1
                                    -------- -------- ---------
  Total interest expense             417,846  348,608   69,238   19.9
                                    -------- -------- ---------
      Net interest income            550,177  537,530   12,647    2.4
Provision for credit losses           56,992   20,689   36,303  175.5
                                    -------- -------- ---------
  Net interest income after
   provision for credit losses       493,185  516,841  (23,656)  (4.6)
                                    -------- -------- ---------
Non-interest income:
 Fees and service charges            278,046  270,166    7,880    2.9
 Card revenue                         98,880   92,084    6,796    7.4
 ATM revenue                          35,620   37,760   (2,140)  (5.7)
 Investments and insurance revenue    10,318   10,695     (377)  (3.5)
                                    -------- -------- ---------
  Subtotal                           422,864  410,705   12,159    3.0
 Leasing and equipment finance        59,151   53,004    6,147   11.6
 Other                                 8,270   21,567  (13,297) (61.7)
                                    -------- -------- ---------
  Fees and other revenue             490,285  485,276    5,009    1.0
 Gains on sales of securities
  available for sale                  13,278        -   13,278  100.0
 Gains on sales of branches and real                              N.M.
  estate                              37,894    4,188   33,706
                                    -------- -------- ---------
  Total non-interest income          541,457  489,464   51,993   10.6
                                    -------- -------- ---------
Non-interest expense:
 Compensation and employee benefits  346,468  341,857    4,611    1.3
 Occupancy and equipment             120,824  114,618    6,206    5.4
 Advertising and promotions           21,679   26,926   (5,247) (19.5)
 Other                               155,565  151,449    4,116    2.7
                                    -------- -------- ---------
  Subtotal                           644,536  634,850    9,686    1.5
 Operating lease depreciation         17,588   14,347    3,241   22.6
                                    -------- -------- ---------
  Total non-interest expense         662,124  649,197   12,927    2.0
                                    -------- -------- ---------
      Income before income tax
       expense                       372,518  357,108   15,410    4.3
Income tax expense                   105,710  112,165   (6,455)  (5.8)
                                    -------- -------- ---------
      Net income                    $266,808 $244,943 $ 21,865    8.9
                                    ======== ======== =========

Net income per common share:
 Basic                              $   2.13 $   1.90 $    .23   12.1
 Diluted                                2.12     1.90      .22   11.6

Dividends declared per common share $    .97 $    .92 $    .05    5.4

Average common and common equivalent
 shares outstanding (in thousands):
  Basic                              125,398  129,010   (3,612)  (2.8)
  Diluted                            125,831  129,225   (3,394)  (2.6)


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




                              At           At             Change
                         December 31, December 31,  ------------------
                             2007         2006          $         %
                         ------------ ------------  ---------- -------
ASSETS

Cash and due from banks  $   358,174  $   348,980       9,194     2.6
Investments                  148,267      170,129     (21,862)  (12.9)
Securities available for
 sale                      1,963,681    1,816,126     147,555     8.1
Education loans held for
 sale                        156,135      144,574      11,561     8.0
Loans and leases:
 Consumer home equity and
  other                    6,590,631    5,945,077     645,554    10.9
 Commercial real estate    2,557,330    2,390,653     166,677     7.0
 Commercial business         558,325      551,995       6,330     1.1
 Leasing and equipment
  finance                  2,104,343    1,818,165     286,178    15.7
                         ------------ ------------
  Subtotal                11,810,629   10,705,890   1,104,739    10.3
 Residential real estate     527,607      627,790    (100,183)  (16.0)
                         ------------ ------------
  Total loans and leases  12,338,236   11,333,680   1,004,556     8.9
 Allowance for loan and
  lease losses               (80,942)     (58,543)    (22,399)  (38.3)
                         ------------ ------------
  Net loans and leases    12,257,294   11,275,137     982,157     8.7
Premises and equipment,
 net                         438,452      406,087      32,365     8.0
Goodwill                     152,599      152,599           -       -
Other assets                 502,452      356,102     146,350    41.1
                         ------------ ------------
         Total assets    $15,977,054  $14,669,734   1,307,320     8.9
                         ============ ============

LIABILITIES AND
 STOCKHOLDERS' EQUITY

Deposits:
 Checking                $ 4,108,527  $ 4,348,256    (239,729)   (5.5)
 Savings                   2,636,820    2,351,580     285,240    12.1
 Money market                576,667      585,779      (9,112)   (1.6)
                         ------------ ------------
  Subtotal                 7,322,014    7,285,615      36,399      .5
 Certificates of deposit   2,254,535    2,483,635    (229,100)   (9.2)
                         ------------ ------------
  Total deposits           9,576,549    9,769,250    (192,701)   (2.0)
                         ------------ ------------
Short-term borrowings        556,070      214,112     341,958   159.7
Long-term borrowings       4,417,378    3,374,428   1,042,950    30.9
                         ------------ ------------
  Total borrowings         4,973,448    3,588,540   1,384,908    38.6
Accrued expenses and
 other liabilities           328,045      278,570      49,475    17.8
                         ------------ ------------
  Total liabilities       14,878,042   13,636,360   1,241,682     9.1
                         ------------ ------------
Stockholders' equity:
 Common stock, par value
  $.01 per share,
  280,000,000 shares           1,315        1,317          (2)    (.2)
  authorized; 131,468,699
  and 131,660,749 shares
  issued
 Additional paid-in
  capital                    354,563      343,744      10,819     3.1
 Retained earnings,
  subject to certain
  restrictions               926,875      784,011     142,864    18.2
 Accumulated other
  comprehensive loss         (18,055)     (34,926)     16,871    48.3
 Treasury stock at cost,
  4,866,480 and 1,242,413
  shares, and other         (165,686)     (60,772)   (104,914) (172.6)
                         ------------ ------------
         Total
          stockholders'
          equity           1,099,012    1,033,374      65,638     6.4
                         ------------ ------------
         Total
          liabilities and
          stockholders'
          equity         $15,977,054  $14,669,734   1,307,320     8.9
                         ============ ============
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
                         CREDIT QUALITY DATA
                        (Dollars in thousands)
                             (Unaudited)



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


                            At December 31,        At September 30,
                                  2007                   2007
                         ---------------------- ----------------------
                               Allowance              Allowance
                                       % of                   % of
                          Balance    Portfolio    Balance    Portfolio
                         ---------- ----------- ----------- ----------
 Consumer home equity      $ 30,951        .47%    $ 24,018       .38%
 Consumer other               2,059       3.05        1,851      2.75
                         ----------             -----------
    Total consumer           33,010        .50       25,869       .41
 Commercial real
  estate                     25,891       1.01       25,838      1.08
 Commercial business          7,077       1.27        8,040      1.39
 Leasing and equipment
  finance                    14,319        .68       14,379       .73
 Residential real
  estate                        645        .12          506       .09
                         ----------             -----------
    Total                  $ 80,942        .66     $ 74,632       .63
                         ==========             ===========

                                                Allowance as % of
                                                     Portfolio
                           At December 31,
                                 2006               Change from
                       ------------------------ -------------------
                              Allowance         Sep. 30,   Dec. 31,
                                      % of
                         Balance     Portfolio    2007       2006
                       ----------- ------------ --------   --------
 Consumer home equity   $  12,615       .21 %         9 bps     26 bps
 Consumer other             2,211      3.54          30        (49)
                       -----------
   Total consumer          14,826       .25           9         25
 Commercial real
  estate                   22,662       .95          (7)         6
 Commercial
  business                  7,503      1.36         (12)        (9)
 Leasing and
  equipment finance        12,990       .71          (5)        (3)
 Residential real
  estate                      562       .09           3          3
                       -----------
   Total                $  58,543       .52           3         14
                       ===========



Quarterly
 Net Charge-
 Offs                    Quarter Ended               Change from
------------  ------------------------------------ ----------------
                                            Dec.    Sep.     Dec.
              Dec. 31,  Sep. 30, Jun. 30,    31,     30,      31,
                2007      2007     2007     2006    2007     2006
              --------  -------- --------  ------- -------  -------
 Consumer
  home
  equity
  First
   mortgage
   lien       $  3,130  $  2,656   $2,137  $1,081  $  474   $2,049
  Junior
   lien          3,585     3,231    2,364   2,019     354    1,566
              --------  -------- --------  ------- -------  -------
   Total
    home
    equity       6,715     5,887    4,501   3,100     828    3,615
 Consumer
  other          2,379     3,269    1,075   1,611    (890)     768
              --------  -------- --------  ------- -------  -------
  Total
   consumer      9,094     9,156    5,576   4,711     (62)   4,383
 Commercial
  real
  estate         1,987        19        -     (28)  1,968    2,015
 Commercial
  business         430       627       43     168    (197)     262
 Leasing and
  equipment
  finance        2,234     1,164    1,362   1,611   1,070      623
 Residential
  real
  estate            69        94       22     166     (25)     (97)
              --------  -------- --------  ------- -------  -------
  Total       $ 13,814  $ 11,060   $7,003  $6,628  $2,754   $7,186
              ========  ======== ========  ======= =======  =======



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

                                          Quarter Ended (1)
                                -------------------------------------
                                Dec. 31,  Sep. 30, Jun. 30,  Dec. 31,
                                  2007      2007     2007      2006
                                --------  -------- --------  --------
 Consumer home equity
  First mortgage lien                .30%      .27%     .22%     .12 %
  Junior lien                        .62       .58      .44      .39
    Total home equity                .42       .38      .30      .21
 Total consumer                      .56       .59      .37      .32
 Commercial real estate              .33         -        -        -
 Commercial business                 .30       .44      .03      .13
 Leasing and equipment finance       .45       .24      .29      .36
 Residential real estate             .05       .07      .01      .10
  Total                              .46       .38      .24      .24




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

                                                 Change from
                                            ---------------------
                                             Sep. 30,    Dec. 31,
                                               2007        2006
                                            ---------    --------
 Consumer home equity
  First mortgage lien                              3 bps      18 bps
  Junior lien                                      4          23
   Total home equity                               4          21
 Total consumer                                   (3)         24
 Commercial real estate                           33          33
 Commercial business                             (14)         17
 Leasing and equipment finance                    21           9
 Residential real estate                          (2)         (5)
  Total                                            8          22



Non-performing assets              At        At       At        At
-----------------------------
                                Dec. 31,  Sep. 30, Jun. 30,  Dec. 31,
                                  2007      2007     2007      2006
                                --------  -------- --------  --------
 Non-accrual loans and leases:
  Consumer home equity
   First mortgage lien          $ 20,776   $13,794  $11,309  $11,202
   Junior lien                     5,391     4,610    4,563    5,291
                                --------  -------- --------  --------
    Total home equity             26,167    18,404   15,872   16,493
  Consumer other                       6        11       29       27
                                --------  -------- --------  --------
   Total consumer                 26,173    18,415   15,901   16,520
  Commercial real estate          19,999    13,824   11,746   12,849
  Commercial business              2,658     2,686    3,337    3,421
  Leasing and equipment
   finance                         8,050     9,177    6,886    7,596
  Residential real estate          2,974     3,133    2,521    2,799
                                --------  -------- --------  --------
   Total non-accrual loans and
    leases                        59,854    47,235   40,391   43,185
 Other real estate owned:
  Residential real estate         28,752    28,444   30,111   19,899
  Commercial real estate          17,013    14,566   14,702    2,554
                                --------  -------- --------  --------
   Total other real estate
    owned                         45,765    43,010   44,813   22,453
                                --------  -------- --------  --------
  Total non-performing assets   $105,619   $90,245  $85,204  $65,638
                                ========  ======== ========  ========

 Non-performing assets as a
  percentage of net loans and
  leases                             .86%      .76%     .74%     .58 %




Non-performing assets                            Change from
-------------------------------------------- --------------------
                                             Sep. 30,    Dec. 31,
                                               2007        2006
                                             --------    --------
 Non-accrual loans and leases:
  Consumer home equity
   First mortgage lien                       $ 6,982     $ 9,574
   Junior lien                                   781         100
                                             --------    --------
    Total home equity                          7,763       9,674
  Consumer other                                  (5)        (21)
                                             --------    --------
   Total consumer                              7,758       9,653
  Commercial real estate                       6,175       7,150
  Commercial business                            (28)       (763)
  Leasing and equipment finance               (1,127)        454
  Residential real estate                       (159)        175
                                             --------    --------
   Total non-accrual loans and leases         12,619      16,669
 Other real estate owned:
  Residential real estate                        308       8,853
  Commercial real estate                       2,447      14,459
                                             --------    --------
   Total other real estate owned               2,755      23,312
                                             --------    --------
  Total non-performing assets                $15,374     $39,981
                                             ========    ========

 Non-performing assets as a percentage of net
  loans and leases                                10 bps      28 bps



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



Delinquency data - principal
 balances (1)
---------------------------------
                                     At       At       At       At
                                  Dec. 31, Sep. 30, Jun. 30, Dec. 31,
                                    2007     2007     2007     2006
                                  -------- -------- -------- --------
 30 days or more:
 Consumer home equity
  First mortgage lien              $31,784  $27,957  $19,288  $22,527
  Junior lien                       12,289   11,185    8,709   11,406
                                  -------- -------- -------- --------
     Total home equity              44,073   39,142   27,997   33,933
 Consumer other                        377      416      272      380
                                  -------- -------- -------- --------
  Total consumer                    44,450   39,558   28,269   34,313
 Commercial real estate             11,382    7,140   10,739   18,072
 Commercial business                 1,071    2,653      183      762
 Leasing and equipment finance      15,691   15,651   11,016    8,499
 Residential real estate             9,983    9,567    8,480   10,047
                                  -------- -------- -------- --------
  Total 30 days or more            $82,577  $74,569  $58,687  $71,693
                                  ======== ======== ======== ========

  Total 90 days or more and still
   accruing                        $15,384  $13,887  $20,754  $12,214

Delinquency data - % of portfolio
 (1)
---------------------------------
                                     At       At       At       At
                                  Dec. 31, Sep. 30, Jun. 30, Dec. 31,
                                    2007     2007     2007     2006
                                  -------- -------- -------- --------
 30 days or more:
 Consumer home equity
  First mortgage lien                  .76%     .69%     .50%     .60%
  Junior lien                          .53      .50      .40      .54
     Total home equity                 .68      .62      .46      .58
 Consumer other                        .56      .62      .42      .61
  Total consumer                       .68      .62      .46      .58
 Commercial real estate                .45      .30      .46      .76
 Commercial business                   .19      .46      .03      .14
 Leasing and equipment finance         .75      .80      .58      .47
 Residential real estate              1.90     1.76     1.49     1.61
  Total 30 days or more                .67      .63      .51      .63

  Total 90 days or more and still
   accruing                            .12      .12      .18      .11

Potential Problem Loans and
 Leases (2)
---------------------------------
                                     At       At       At       At
                                  Dec. 31, Sep. 30, Jun. 30, Dec. 31,
                                    2007     2007     2007     2006
                                  -------- -------- -------- --------
 Commercial real estate            $31,511  $42,277  $35,956  $43,216
 Commercial business                 8,695    8,764    8,557   11,664
 Leasing and equipment finance      15,015   14,109   12,022   11,265
                                  -------- -------- -------- --------
                                   $55,221  $65,150  $56,535  $66,145
                                  ======== ======== ======== ========




Delinquency data - principal balances (1)
----------------------------------------------
                                                   Change from
                                              ---------------------
                                              Sep. 30,    Dec. 31,
                                                2007        2006
                                              ---------   ---------
 30 days or more:
 Consumer home equity
  First mortgage lien                         $  3,827    $  9,257
  Junior lien                                    1,104         883
                                              ---------   ---------
   Total home equity                             4,931      10,140
 Consumer other                                    (39)         (3)
                                              ---------   ---------
  Total consumer                                 4,892      10,137
 Commercial real estate                          4,242      (6,690)
 Commercial business                            (1,582)        309
 Leasing and equipment finance                      40       7,192
 Residential real estate                           416         (64)
                                              ---------   ---------
  Total 30 days or more                       $  8,008    $ 10,884
                                              =========   =========

  Total 90 days or more and still accruing    $  1,497    $  3,170

Delinquency data - % of portfolio (1)
----------------------------------------------
                                                   Change from
                                              ---------------------
                                              Sep. 30,    Dec. 31,
                                                2007        2006
                                              ---------   ---------
 30 days or more:
 Consumer home equity
  First mortgage lien                                7 bps      16 bps
  Junior lien                                        3          (1)
   Total home equity                                 6          10
 Consumer other                                     (6)         (5)
  Total consumer                                     6          10
 Commercial real estate                             15         (31)
 Commercial business                               (27)          5
 Leasing and equipment finance                      (5)         28
 Residential real estate                            15          30
  Total 30 days or more                              4           4

  Total 90 days or more and still accruing           -           1

Potential Problem Loans and Leases (2)
----------------------------------------------
                                                   Change from
                                              ---------------------
                                              Sep. 30,    Dec. 31,
                                                2007        2006
                                              ---------   ---------
 Commercial real estate                       $(10,766)   $(11,705)
 Commercial business                               (69)     (2,969)
 Leasing and equipment finance                     906       3,750
                                              ---------   ---------
                                              $ (9,929)   $(10,924)
                                              =========   =========


(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 December 31,
                                     ---------------------------------
                                                  2007
                                     -------------------------------
                                       Average            Yields and
                                       Balance   Interest Rates (1)
                                     ----------- -------- ---------

ASSETS

  Investments                        $   147,058 $  1,595      4.31%
  Securities available for sale        2,187,068   29,372      5.37
  Education loans held for sale          153,146    3,153      8.17
  Loans and leases:
   Consumer home equity:
    Fixed-rate                         4,889,304   85,978      6.98
    Variable-rate                      1,522,243   30,608      7.98
   Consumer - other                       45,294    1,114      9.76
                                     ----------- --------
      Total consumer home equity and
       other                           6,456,841  117,700      7.23
   Commercial real estate:
    Fixed- and adjustable-rate         1,839,817   29,842      6.44
    Variable-rate                        605,195   10,814      7.09
                                     ----------- --------
      Total commercial real estate     2,445,012   40,656      6.60
   Commercial business:
    Fixed- and adjustable-rate           179,525    2,854      6.31
    Variable-rate                        395,356    6,885      6.91
                                     ----------- --------
      Total commercial business          574,881    9,739      6.72
   Leasing and equipment finance       2,005,889   39,217      7.82
                                     ----------- --------
    Subtotal                          11,482,623  207,312      7.17
   Residential real estate               537,449    7,770      5.77
                                     ----------- --------
    Total loans and leases            12,020,072  215,082      7.11
                                     ----------- --------

      Total interest-earning assets   14,507,344  249,202      6.83
                                     ----------- --------

  Other assets                         1,198,428
                                     -----------

   Total assets                      $15,705,772
                                     ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                            $ 1,348,202
   Small business                        600,491
   Commercial and custodial              201,161
                                     -----------
    Total non-interest bearing
     deposits                          2,149,854
  Interest-bearing deposits:
   Premier checking                    1,026,408    6,454      2.49
   Other checking                        816,512      830       .40
                                     ----------- --------
    Subtotal                           1,842,920    7,284      1.57
   Premier savings                     1,353,638   13,819      4.05
   Other savings                       1,229,808    3,510      1.13
                                     ----------- --------
    Subtotal                           2,583,446   17,329      2.66
   Money market                          598,483    4,159      2.76
                                     ----------- --------
    Subtotal                           5,024,849   28,772      2.27
   Certificates of deposit             2,307,411   26,016      4.47
                                     ----------- --------
    Total interest-bearing deposits    7,332,260   54,788      2.96
                                     ----------- --------

      Total deposits                   9,482,114   54,788      2.29
                                     ----------- --------

  Borrowings:
   Short-term borrowings                 450,027    5,184      4.57
   Long-term borrowings                4,340,891   49,659      4.54
                                     ----------- --------
      Total borrowings                 4,790,918   54,843      4.54
                                     ----------- --------

   Total deposits and borrowings      14,273,032  109,631      3.05
                                     ----------- --------

  Other liabilities                      365,888
                                     -----------

   Total liabilities                  14,638,920

  Stockholders' equity                 1,066,852
                                     -----------

   Total liabilities and
      stockholders' equity           $15,705,772
                                     ===========


Net interest income and margin                   $139,571      3.83%
                                                 ========




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

ASSETS

  Investments                          $   101,548 $  1,173      4.59%
  Securities available for sale          1,840,649   24,699      5.37
  Education loans held for sale            145,283    3,019      8.24
  Loans and leases:
   Consumer home equity:
    Fixed-rate                           4,293,070   74,869      6.92
    Variable-rate                        1,502,537   33,636      8.88
   Consumer - other                         40,119    1,042     10.30
                                      ------------ --------
      Total consumer home equity and
       other                             5,835,726  109,547      7.45
   Commercial real estate:
    Fixed- and adjustable-rate           1,718,735   28,220      6.51
    Variable-rate                          692,497   13,761      7.88
                                      ------------ --------
      Total commercial real estate       2,411,232   41,981      6.91
   Commercial business:
    Fixed- and adjustable-rate             152,018    2,488      6.49
    Variable-rate                          384,360    7,320      7.56
                                      ------------ --------
      Total commercial business            536,378    9,808      7.25
   Leasing and equipment finance         1,771,231   33,462      7.56
                                      ------------ --------
    Subtotal                            10,554,567  194,798      7.33
   Residential real estate                 643,087    9,352      5.81
                                      ------------ --------
    Total loans and leases              11,197,654  204,150      7.25
                                      ------------ --------

      Total interest-earning assets     13,285,134  233,041      6.98
                                      ------------ --------

  Other assets                           1,160,876
                                      ------------

   Total assets                        $14,446,010
                                      ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                              $ 1,457,265
   Small business                          629,011
   Commercial and custodial                206,034
                                      ------------
    Total non-interest bearing
     deposits                            2,292,310
  Interest-bearing deposits:
   Premier checking                      1,042,361    8,196      3.12
   Other checking                          813,851      464       .23
                                      ------------ --------
    Subtotal                             1,856,212    8,660      1.85
   Premier savings                       1,014,427   11,073      4.33
   Other savings                         1,299,319    3,473      1.06
                                      ------------ --------
    Subtotal                             2,313,746   14,546      2.49
   Money market                            593,961    4,179      2.79
                                      ------------ --------
    Subtotal                             4,763,919   27,385      2.28
   Certificates of deposit               2,470,659   28,611      4.59
                                      ------------ --------
    Total interest-bearing deposits      7,234,578   55,996      3.07
                                      ------------ --------
                                                                 2.33
      Total deposits                     9,526,888   55,996      2.33
                                      ------------ --------

  Borrowings:
   Short-term borrowings                   520,883    7,026      5.35
   Long-term borrowings                  3,039,011   34,132      4.46
                                      ------------ --------
      Total borrowings                   3,559,894   41,158      4.59
                                      ------------ --------

   Total deposits and borrowings        13,086,782   97,154      2.94
                                      ------------ --------

  Other liabilities                        319,740
                                      ------------

   Total liabilities                    13,406,522

  Stockholders' equity                   1,039,488
                                      ------------

   Total liabilities and
      stockholders' equity             $14,446,010
                                      ============


Net interest income and margin                     $135,887      4.07%
                                                   ========


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



                                          Year Ended December 31,
                                     ---------------------------------
                                                  2007
                                     -------------------------------
                                       Average            Yields and
                                       Balance   Interest   Rates
                                     ----------- -------- ---------

ASSETS

  Investments                        $   178,012 $  8,237      4.63%
  Securities available for sale        2,024,563  109,581      5.41
  Education loans held for sale          154,516   13,252      8.58
  Loans and leases:
   Consumer home equity:
    Fixed-rate                         4,683,745  326,516      6.97
    Variable-rate                      1,460,685  124,992      8.56
   Consumer - other                       43,589    4,307      9.88
                                     ----------- --------
      Total consumer home equity and
       other                           6,188,019  455,815      7.37
   Commercial real estate:
    Fixed- and adjustable-rate         1,777,813  114,140      6.42
    Variable-rate                        608,209   46,363      7.62
                                     ----------- --------
      Total commercial real estate     2,386,022  160,503      6.73
   Commercial business:
    Fixed- and adjustable-rate           169,776   10,853      6.39
    Variable-rate                        393,442   28,947      7.36
                                     ----------- --------
      Total commercial business          563,218   39,800      7.07
   Leasing and equipment finance       1,915,790  147,507      7.70
                                     ----------- --------
    Subtotal                          11,053,049  803,625      7.27
   Residential real estate               574,554   33,328      5.80
                                     ----------- --------
    Total loans and leases            11,627,603  836,953      7.20
                                     ----------- --------

      Total interest-earning assets   13,984,694  968,023      6.92
                                     ----------- --------

  Other assets                         1,161,106
                                     -----------

   Total assets                      $15,145,800
                                     ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                            $ 1,444,125
   Small business                        594,979
   Commercial and custodial              199,432
                                     -----------
    Total non-interest bearing
     deposits                          2,238,536
  Interest-bearing deposits:
   Premier checking                    1,054,542   30,650      2.91
   Other checking                        824,791    2,994       .36
                                     ----------- --------
    Subtotal                           1,879,333   33,644      1.79
   Premier savings                     1,184,756   49,994      4.22
   Other savings                       1,279,577   14,976      1.17
                                     ----------- --------
    Subtotal                           2,464,333   64,970      2.64
   Money market                          604,767   17,481      2.89
                                     ----------- --------
    Subtotal                           4,948,433  116,095      2.35
   Certificates of deposit             2,461,055  114,530      4.65
                                     ----------- --------
    Total interest-bearing deposits    7,409,488  230,625      3.11
                                     ----------- --------

      Total deposits                   9,648,024  230,625      2.39
                                     ----------- --------

  Borrowings:
   Short-term borrowings                 230,293   11,369      4.94
   Long-term borrowings                3,890,054  175,852      4.52
                                     ----------- --------
      Total borrowings                 4,120,347  187,221      4.54
                                     ----------- --------

   Total deposits and borrowings      13,768,371  417,846      3.03
                                     ----------- --------

  Other liabilities                      343,978
                                     -----------

   Total liabilities                  14,112,349

  Stockholders' equity                 1,033,451
                                     -----------

   Total liabilities and
      stockholders' equity           $15,145,800
                                     ===========


Net interest income and margin                   $550,177      3.94%
                                                 ========



                                          Year Ended December 31,
                                      --------------------------------
                                                    2006
                                      --------------------------------
                                         Average            Yields and
                                         Balance   Interest   Rates
                                      ------------ -------- ---------

ASSETS

  Investments                          $    78,511 $  3,504      4.46%
  Securities available for sale          1,833,359   98,035      5.35
  Education loans held for sale            210,992   15,009      7.11
  Loans and leases:
   Consumer home equity:
    Fixed-rate                           3,851,117  263,157      6.83
    Variable-rate                        1,659,544  143,576      8.65
   Consumer - other                         36,711    3,717     10.13
                                      ------------ --------
      Total consumer home equity and
       other                             5,547,372  410,450      7.40
   Commercial real estate:
    Fixed- and adjustable-rate           1,665,531  105,089      6.31
    Variable-rate                          721,871   55,239      7.65
                                      ------------ --------
      Total commercial real estate       2,387,402  160,328      6.72
   Commercial business:
    Fixed- and adjustable-rate             134,560    8,471      6.30
    Variable-rate                          373,690   27,619      7.39
                                      ------------ --------
      Total commercial business            508,250   36,090      7.10
   Leasing and equipment finance         1,659,807  122,292      7.37
                                      ------------ --------
    Subtotal                            10,102,831  729,160      7.22
   Residential real estate                 696,086   40,430      5.81
                                      ------------ --------
    Total loans and leases              10,798,917  769,590      7.13
                                      ------------ --------

      Total interest-earning assets     12,921,779  886,138      6.86
                                      ------------ --------

  Other assets                           1,141,934
                                      ------------

   Total assets                        $14,063,713
                                      ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                              $ 1,513,121
   Small business                          609,907
   Commercial and custodial                232,725
                                      ------------
    Total non-interest bearing
     deposits                            2,355,753
  Interest-bearing deposits:
   Premier checking                      1,001,024   31,539      3.15
   Other checking                          864,316    2,017       .23
                                      ------------ --------
    Subtotal                             1,865,340   33,556      1.80
   Premier savings                         899,067   37,275      4.15
   Other savings                         1,376,182   12,797       .93
                                      ------------ --------
    Subtotal                             2,275,249   50,072      2.20
   Money market                            620,844   15,216      2.45
                                      ------------ --------
    Subtotal                             4,761,433   98,844      2.08
   Certificates of deposit               2,291,002   96,480      4.21
                                      ------------ --------
    Total interest-bearing deposits      7,052,435  195,324      2.77
                                      ------------ --------

      Total deposits                     9,408,188  195,324      2.08
                                      ------------ --------

  Borrowings:
   Short-term borrowings                   596,852   30,041      5.03
   Long-term borrowings                  2,752,847  123,243      4.48
                                      ------------ --------
      Total borrowings                   3,349,699  153,284      4.58
                                      ------------ --------

   Total deposits and borrowings        12,757,887  348,608      2.73
                                      ------------ --------

  Other liabilities                        300,930
                                      ------------

   Total liabilities                    13,058,817

  Stockholders' equity                   1,004,896
                                      ------------

   Total liabilities and
      stockholders' equity             $14,063,713
                                      ============


Net interest income and margin                     $537,530      4.16%
                                                   ========
             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
                         --------------------------------------------
                         Dec. 31, Sep. 30, Jun. 30, Mar. 31, Dec. 31,
                           2007     2007     2007     2007     2006
                         -------- -------- -------- -------- --------
Interest income:
 Loans and leases        $215,082 $213,528 $206,738 $201,605 $204,150
 Securities available
  for sale                 29,372   28,439   26,665   25,105   24,699
 Education loans held
  for sale                  3,153    2,588    3,365    4,146    3,019
 Investments                1,595    2,279    1,557    2,806    1,173
                         -------- -------- -------- -------- --------
  Total interest income   249,202  246,834  238,325  233,662  233,041
                         -------- -------- -------- -------- --------
Interest expense:
 Deposits                  54,788   60,440   58,242   57,155   55,996
 Borrowings                54,843   48,690   42,658   41,030   41,158
                         -------- -------- -------- -------- --------
  Total interest expense  109,631  109,130  100,900   98,185   97,154
                         -------- -------- -------- -------- --------
      Net interest
       income             139,571  137,704  137,425  135,477  135,887
Provision for credit
 losses                    20,124   18,883   13,329    4,656   10,073
                         -------- -------- -------- -------- --------
  Net interest income
   after provision for
   credit losses          119,447  118,821  124,096  130,821  125,814
                         -------- -------- -------- -------- --------
Non-interest income:
 Fees and service
  charges                  72,331   71,965   71,728   62,022   66,735
 Card revenue              25,058   25,685   24,876   23,261   23,485
 ATM revenue                8,306    9,251    9,314    8,749    9,019
 Investments and
  insurance revenue         2,736    2,632    2,772    2,178    2,087
                         -------- -------- -------- -------- --------
  Subtotal                108,431  109,533  108,690   96,210  101,326
 Leasing and equipment
  finance                  14,841   15,110   15,199   14,001   15,165
 Other                      1,573    1,751    2,993    1,953    2,340
                         -------- -------- -------- -------- --------
  Fees and other revenue  124,845  126,394  126,882  112,164  118,831
 Gains on sales of
  securities available
  for sale                 11,261    2,017        -        -        -
 Gains on sales of
  branches and real
  estate                    2,752    1,246    2,723   31,173        -
                         -------- -------- -------- -------- --------
      Total non-interest
       income             138,858  129,657  129,605  143,337  118,831
                         -------- -------- -------- -------- --------
Non-interest expense:
 Compensation and
  employee benefits        86,555   85,113   86,707   88,093   85,811
 Occupancy and equipment   30,818   30,226   29,329   30,451   29,905
 Advertising and
  promotions                4,632    5,480    5,586    5,981    6,235
 Other                     46,087   37,632   36,531   35,315   39,611
                         -------- -------- -------- -------- --------
  Subtotal                168,092  158,451  158,153  159,840  161,562
 Operating lease
  depreciation              4,521    4,326    4,381    4,360    4,000
                         -------- -------- -------- -------- --------
  Total non-interest
   expense                172,613  162,777  162,534  164,200  165,562
                         -------- -------- -------- -------- --------
      Income before
       income tax expense  85,692   85,701   91,167  109,958   79,083
Income tax expense         22,875   26,563   29,038   27,234   25,350
                         -------- -------- -------- -------- --------
  Net income             $ 62,817 $ 59,138 $ 62,129 $ 82,724 $ 53,733
                         ======== ======== ======== ======== ========

Net income per common
 share:
 Basic                   $    .51 $    .48 $    .49 $    .65 $    .42
 Diluted                      .50      .48      .49      .65      .42

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

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

Return on average assets
 (1)                         1.60%    1.55%    1.67%    2.24%    1.49%
Return on average common
 equity (1)                 23.55    23.39    24.16    31.81    20.68
Net interest margin (1)      3.83     3.90     4.02     4.00     4.07
Net charge-offs as a
 percentage of average
 loans and leases (1)         .46      .38      .24      .10      .24
Average total equity to
 average assets              6.79     6.64     6.92     7.03     7.20

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



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

ASSETS

Cash and due from banks        $   310,011  $   309,596  $   297,231
Investments                        147,058      203,406      130,977
Securities available for sale    2,187,068    2,078,155    1,967,524
Education loans held for sale      153,146      110,449      153,566
Loans and leases:
 Consumer home equity:
  Fixed-rate                     4,889,304    4,750,552    4,614,322
  Variable-rate                  1,522,243    1,455,701    1,421,390
 Consumer - other                   45,294       45,440       41,708
                               ------------ ------------ ------------
      Total consumer home
       equity and other          6,456,841    6,251,693    6,077,420
 Commercial real estate:
  Fixed- and adjustable-rate     1,839,817    1,786,829    1,750,690
  Variable-rate                    605,195      584,378      598,918
                               ------------ ------------ ------------
      Total commercial real
       estate                    2,445,012    2,371,207    2,349,608
 Commercial business:
  Fixed- and adjustable-rate       179,525      170,593      165,780
  Variable-rate                    395,356      395,871      391,354
                               ------------ ------------ ------------
      Total commercial business    574,881      566,464      557,134
 Leasing and equipment finance   2,005,889    1,937,269    1,879,958
                               ------------ ------------ ------------
  Subtotal                      11,482,623   11,126,633   10,864,120
 Residential real estate           537,449      559,413      587,400
                               ------------ ------------ ------------
  Total loans and leases        12,020,072   11,686,046   11,451,520
 Allowance for loan and lease
  losses                           (77,072)     (68,564)     (61,934)
                               ------------ ------------ ------------
  Net loans and leases          11,943,000   11,617,482   11,389,586
Premises and equipment             435,426      427,632      420,967
Goodwill                           152,599      152,599      152,599
Other assets                       377,464      325,846      339,170
                               ------------ ------------ ------------
                               $15,705,772  $15,225,165  $14,851,620
                               ============ ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                        $ 1,348,202  $ 1,406,155  $ 1,492,429
 Small business                    600,491      596,197      586,711
 Commercial and custodial          201,161      195,529      199,226
                               ------------ ------------ ------------
  Total non-interest bearing
   deposits                      2,149,854    2,197,881    2,278,366
Interest-bearing deposits:
 Premier checking                1,026,408    1,048,449    1,070,397
 Other checking                    816,512      823,833      834,405
                               ------------ ------------ ------------
  Subtotal                       1,842,920    1,872,282    1,904,802
 Premier savings                 1,353,638    1,202,672    1,109,341
 Other savings                   1,229,808    1,274,164    1,300,857
                               ------------ ------------ ------------
  Subtotal                       2,583,446    2,476,836    2,410,198
 Money market                      598,483      606,198      604,217
                               ------------ ------------ ------------
  Subtotal                       5,024,849    4,955,316    4,919,217
 Certificates of deposit         2,307,411    2,498,936    2,525,886
                               ------------ ------------ ------------
  Total interest-bearing
   deposits                      7,332,260    7,454,252    7,445,103
                               ------------ ------------ ------------
      Total deposits             9,482,114    9,652,133    9,723,469
                               ------------ ------------ ------------
Borrowings:
 Short-term borrowings             450,027      183,582      196,169
 Long-term borrowings            4,340,891    4,043,570    3,566,883
                               ------------ ------------ ------------
  Total borrowings               4,790,918    4,227,152    3,763,052
Accrued expenses and other
 liabilities                       365,888      334,630      336,676
                               ------------ ------------ ------------
  Total liabilities             14,638,920   14,213,915   13,823,197
                               ------------ ------------ ------------
Stockholders' equity:
 Common stock                        1,315        1,315        1,315
 Additional paid-in capital        353,365      351,905      351,312
 Retained earnings                 901,799      871,691      841,757
 Accumulated other
  comprehensive loss               (24,229)     (52,355)     (42,754)
 Treasury stock at cost and
  other                           (165,398)    (161,306)    (123,207)
                               ------------ ------------ ------------
                                 1,066,852    1,011,250    1,028,423
                               ------------ ------------ ------------
                               $15,705,772  $15,225,165  $14,851,620
                               ============ ============ ============

Supplemental Information:
-------------------------------
Securities available for sale  $ 2,187,068  $ 2,078,155  $ 1,967,524
Residential real estate loans      537,449      559,413      587,400
                               ------------ ------------ ------------
 Total securities available for
  sale and residential real
  estate loans                 $ 2,724,517  $ 2,637,568  $ 2,554,924
                               ============ ============ ============



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

ASSETS

Cash and due from banks                      $   309,741  $   316,389
Investments                                      231,256      101,548
Securities available for sale                  1,861,335    1,840,649
Education loans held for sale                    201,924      145,283
Loans and leases:
 Consumer home equity:
  Fixed-rate                                   4,475,520    4,293,070
  Variable-rate                                1,442,593    1,502,537
 Consumer - other                                 41,853       40,119
                                            ------------- ------------
      Total consumer home equity and other     5,959,966    5,835,726
 Commercial real estate:
  Fixed- and adjustable-rate                   1,732,636    1,718,735
  Variable-rate                                  645,047      692,497
                                            ------------- ------------
      Total commercial real estate             2,377,683    2,411,232
 Commercial business:
  Fixed- and adjustable-rate                     163,014      152,018
  Variable-rate                                  391,113      384,360
                                            ------------- ------------
      Total commercial business                  554,127      536,378
 Leasing and equipment finance                 1,837,964    1,771,231
                                            ------------- ------------
  Subtotal                                    10,729,740   10,554,567
 Residential real estate                         614,970      643,087
                                            ------------- ------------
  Total loans and leases                      11,344,710   11,197,654
 Allowance for loan and lease losses             (58,714)     (56,440)
                                            ------------- ------------
  Net loans and leases                        11,285,996   11,141,214
Premises and equipment                           414,041      400,812
Goodwill                                         152,599      152,599
Other assets                                     344,594      347,516
                                            ------------- ------------
                                             $14,801,486  $14,446,010
                                            ============= ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
 Retail                                      $ 1,532,150  $ 1,457,265
 Small business                                  596,460      629,011
 Commercial and custodial                        201,860      206,034
                                            ------------- ------------
  Total non-interest bearing deposits          2,330,470    2,292,310
Interest-bearing deposits:
 Premier checking                              1,073,500    1,042,361
 Other checking                                  824,512      813,851
                                            ------------- ------------
  Subtotal                                     1,898,012    1,856,212
 Premier savings                               1,070,059    1,014,427
 Other savings                                 1,314,471    1,299,319
                                            ------------- ------------
  Subtotal                                     2,384,530    2,313,746
 Money market                                    610,286      593,961
                                            ------------- ------------
  Subtotal                                     4,892,828    4,763,919
 Certificates of deposit                       2,513,838    2,470,659
                                            ------------- ------------
  Total interest-bearing deposits              7,406,666    7,234,578
                                            ------------- ------------
      Total deposits                           9,737,136    9,526,888
                                            ------------- ------------
Borrowings:
 Short-term borrowings                            87,928      520,883
 Long-term borrowings                          3,599,032    3,039,011
                                            ------------- ------------
  Total borrowings                             3,686,960    3,559,894
Accrued expenses and other liabilities           337,178      319,740
                                            ------------- ------------
  Total liabilities                           13,761,274   13,406,522
                                            ------------- ------------
Stockholders' equity:
 Common stock                                      1,316        1,534
 Additional paid-in capital                      344,685      395,237
 Retained earnings                               795,884    1,129,892
 Accumulated other comprehensive loss            (34,939)     (23,804)
 Treasury stock at cost and other                (66,734)    (463,371)
                                            ------------- ------------
                                               1,040,212    1,039,488
                                            ------------- ------------
                                             $14,801,486  $14,446,010
                                            ============= ============

Supplemental Information:
--------------------------------------------
Securities available for sale                $ 1,861,335  $ 1,840,649
Residential real estate loans                    614,970      643,087
                                            ------------- ------------
 Total securities available for sale and
  residential real estate loans              $ 2,476,305  $ 2,483,736
                                            ============= ============
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
             CONSOLIDATED QUARTERLY YIELDS AND RATES (1)
                             (Unaudited)


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

ASSETS

  Investments                4.31%    4.45%    4.77%    4.91%    4.59%
  Securities available
   for sale                  5.37     5.47     5.42     5.40     5.37
  Education loans held
   for sale                  8.17     9.30     8.79     8.33     8.24
  Loans and leases:
   Consumer home equity:
    Fixed-rate               6.98     6.99     6.97     6.95     6.92
    Variable-rate            7.98     8.67     8.80     8.83     8.88
   Consumer - other          9.76     9.74    10.16     9.89    10.30
      Total consumer home
       equity and other      7.23     7.40     7.42     7.42     7.45
   Commercial real
    estate:
    Fixed- and
     adjustable-rate         6.44     6.44     6.42     6.38     6.51
    Variable-rate            7.09     7.86     7.83     7.72     7.88
      Total commercial
       real estate           6.60     6.79     6.78     6.74     6.91
   Commercial business:
    Fixed- and
     adjustable-rate         6.31     6.32     6.47     6.48     6.49
    Variable-rate            6.91     7.51     7.50     7.51     7.56
      Total commercial
       business              6.72     7.16     7.19     7.21     7.25
   Leasing and equipment
    finance                  7.82     7.84     7.67     7.45     7.56
    Subtotal                 7.17     7.34     7.31     7.27     7.33
   Residential real
    estate                   5.77     5.77     5.85     5.79     5.81
    Total loans and
     leases                  7.11     7.26     7.24     7.19     7.25

      Total interest-
       earning assets        6.83     6.97     6.97     6.92     6.98


LIABILITIES

  Interest-bearing
   deposits:
   Premier checking          2.49     3.05     2.98     3.10     3.12
   Other checking             .40      .43      .35      .26      .23
    Subtotal                 1.57     1.90     1.83     1.87     1.85
   Premier savings           4.05     4.35     4.22     4.29     4.33
   Other savings             1.13     1.29     1.15     1.11     1.06
    Subtotal                 2.66     2.77     2.56     2.54     2.49
   Money market              2.76     3.02     2.89     2.89     2.79
    Subtotal                 2.27     2.48     2.32     2.32     2.28
   Certificates of
    deposit                  4.47     4.68     4.73     4.70     4.59
    Total interest-
     bearing deposits        2.96     3.22     3.14     3.13     3.07

      Total deposits         2.29     2.48     2.40     2.38     2.33

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

      Total interest-
       bearing
       liabilities           3.59     3.71     3.61     3.59     3.57


Net interest margin          3.83%    3.90%    4.02%    4.00%    4.07%

(1) Annualized

Source: TCF Financial Corporation

Contact: TCF Financial Corporation 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.