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TCF Reports First Quarter Earnings and EPS ($.38)

FIRST QUARTER HIGHLIGHTS

-- Diluted earnings per share of 38 cents

-- Net income of $47.4 million

-- Return on average assets of 1.18 percent

-- Return on average common equity of 17.08 percent

-- Average Power Assets(R) increased by $1.2 billion, or 10.7 percent

Company Release - 4/22/2008 8:42 AM ET

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

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

EARNINGS SUMMARY                                               Table 1
----------------------------------------------------------------------
($ in thousands, except per-                           Percent Change
 share data)
                                                      ----------------
                               1Q       4Q      1Q    1Q08 vs 1Q08 vs
                              2008     2007    2007     4Q07    1Q07
                            ------------------------------------------
Net income                  $47,426  $62,817  $82,724 (24.5) %(42.7) %
Diluted earnings per common
 share                          .38      .50      .65 (24.0)  (41.5)

Financial Ratios (1)
----------------------------
Return on average assets       1.18%    1.60%    2.24%
Return on average common
 equity                       17.08    23.55    31.81
Net interest margin            3.84     3.83     4.00
Net charge-offs as a
 percentage of average loans
 and leases                     .44      .46      .10

(1) Annualized

TCF Financial Corporation ("TCF") (NYSE:TCB) today reported diluted earnings per share of 38 cents for the first quarter of 2008, compared with 65 cents in 2007. Net income for the first quarter of 2008 was $47.4 million, compared with $82.7 million for the first quarter of 2007. Net income for the first quarter of 2008 included an $8.3 million pre-tax gain from Visa's initial public offering, a $3.8 million pre-tax expense reduction related to a decrease in TCF's estimated contingent obligation in regard to TCF's Visa USA litigation indemnification and $6.3 million in pre-tax gains on sales of securities, for a combined after-tax impact of 10 cents per diluted share. Net income for the first quarter of 2007 included a $31.2 million pre-tax gain on the sale of 10 out-state Michigan branches and an $8.5 million reduction of income tax expense related to a favorable settlement with the Internal Revenue Service, for a combined after-tax impact of 23 cents per diluted share. TCF also recorded $30 million of provision for credit losses in the first quarter of 2008, as compared with $4.7 million in the first quarter of 2007.

Return on average assets ("ROA") was 1.18 percent and return on average common equity ("ROE") was 17.08 percent for the first quarter of 2008, compared with 2.24 percent and 31.81 percent, respectively, for the first quarter of 2007.

Chief Executive Officer's Statement

"TCF's results were impacted by the depressed housing markets and a weakening economy," said Lynn A. Nagorske, CEO, TCF Financial Corporation. "Despite these challenges TCF experienced significant growth in Power Assets and Power Liabilities. TCF also improved its net interest margin, strengthened its credit loss reserves and remained well-capitalized."

Total Revenue                                                  Table 2
----------------------------------------------------------------------
                                                       Percent Change
($ in thousands)             1Q        4Q        1Q    1Q08 vs 1Q08 vs
                            2008      2007      2007    4Q07    1Q07
                          --------------------------------------------
Net interest income       $142,829  $139,571  $135,477    2.3%    5.4%
                          -----------------------------
Fees and other revenue:
  Fees and service charges  63,547    72,331    62,022  (12.1)    2.5
  Card revenue              24,771    25,058    23,261   (1.1)    6.5
  ATM revenue                7,970     8,306     8,749   (4.0)   (8.9)
  Investments and
   insurance                 3,235     2,736     2,178   18.2    48.5
                          -----------------------------
    Total banking fees      99,523   108,431    96,210   (8.2)    3.4
  Leasing and equipment
   finance                  12,134    14,841    14,001  (18.2)  (13.3)
  Other                      1,048     1,573     1,953  (33.4)  (46.3)
                          -----------------------------
    Total fees and other
     revenue               112,705   124,845   112,164   (9.7)     .5
  Visa share redemption      8,308         -         -   N.M.    N.M.
  Gains on sales of
   securities available
   for sale                  6,286    11,261         -  (44.2)   N.M.
  Gains on sales of
   branches and real
   estate                        -     2,752    31,173 (100.0) (100.0)
                          -----------------------------
       Total non-interest
        income             127,299   138,858   143,337   (8.3)  (11.2)
                          -----------------------------
       Total revenue      $270,128  $278,429  $278,814   (3.0)   (3.1)
                          =============================

Net interest margin (1)       3.84%     3.83%     4.00%
Fees and other revenue as
 a % of:
 Total revenue               41.72     44.84     40.23
 Average assets (1)           2.79      3.18      3.03

N.M. = Not Meaningful
(1) Annualized

Net Interest Income

TCF's net interest income for the first quarter of 2008 was $142.8 million, up $7.4 million, or 5.4 percent, from the first quarter of 2007 and up $3.3 million, or 2.3 percent, from the fourth quarter of 2007. The increase in net interest income from the first quarter of 2007 was primarily attributable to a $1.3 billion, or 9.3 percent, increase in average interest-earning assets, partially offset by a 16 basis point reduction in net interest margin. The increase in net interest income from the fourth quarter of 2007 was primarily due to a $398.7 million increase in interest-earning assets and a one basis point increase in net interest margin.

Net interest margin in the first quarter of 2008 was 3.84 percent, compared with 4.00 percent for the first quarter of 2007 and 3.83 percent for the fourth quarter of 2007. The 16 basis point decrease in net interest margin from the first quarter of 2007 was primarily due to funding growth in interest earning assets with borrowings and a shift in deposit mix to higher cost deposits. The one basis point increase in net interest margin from the fourth quarter of 2007 was primarily due to declines in rates paid on deposits and borrowings exceeding declines in yields on Power Assets. At April 1, 2008, $1.1 billion of variable rate consumer home equity loans were at their contractual interest rate floor compared with $388 million at January 1, 2008.

Non-interest Income

Total non-interest income was $127.3 million for the first quarter of 2008, down $16 million from the first quarter of 2007 primarily due to the $31.2 million gain on sale of the Michigan branches in 2007.

Banking fees and service charges were $63.5 million, up $1.5 million, or 2.5 percent, from the first quarter of 2007 primarily due to increased deposit service fees. Excluding the Michigan branches sold in 2007, banking fees and service charges increased 4.2 percent.

Card revenues totaled $24.8 million for the first quarter of 2008, up $1.5 million, or 6.5 percent, over the same period in 2007 due to higher sales volume primarily as a result of increases in customer transactions.

Leasing and equipment finance revenues were $12.1 million for the first quarter of 2008, down $1.9 million, or 13.3 percent, from the 2007 first quarter due to lower sales-type lease revenue and operating lease revenue. Leasing and equipment finance revenues may fluctuate from period to period based on customer driven factors not entirely within the control of TCF.

During the first quarter of 2008, Visa completed its initial public offering (IPO). As part of the IPO, Visa redeemed a portion of the shares held by Visa USA members for cash. TCF received $8.3 million from this redemption and recorded a gain.

Gains on sales of securities available for sale were $6.3 million in the first quarter of 2008 on sales of $799 million of mortgage-backed securities. There were no such sales or gains in the same period of 2007.

Branches

Number of Branches                                             Table 3
----------------------------------------------------------------------
At period end
                         Total     New                Total     New
                        Branches Branches            Branches Branches
                                    (1)                          (1)
                        -----------------            -----------------
Illinois                     203       31 Traditional     195       73
Minnesota                    109       18 Supermarket     243       35
Michigan                      56       20 Campus           15       10
                                                     -----------------
Colorado                      47       39                 453      118
                                                     =================
Wisconsin                     28        4
Indiana                        5        1
Arizona                        5        5
                        -----------------
 Total Branches              453      118
                        =================

(1) New branches opened since January 1,
 2003.

During the first quarter of 2008, TCF opened three new branches, consisting of two traditional branches and one supermarket branch. Since January 2003, TCF has opened 118 new branches, representing 26 percent of TCF's 453 total branches.

During the remainder of 2008, TCF plans to open eight additional branches, consisting of three traditional branches and five supermarket branches. To improve the customer experience and enhance deposit growth, TCF intends to relocate four branches to improved locations and facilities, including three traditional branches and one supermarket branch, and to remodel 19 supermarket branches and one campus branch during the remainder of 2008. As part of improving operating efficiencies, TCF decided to close and consolidate 12 Colorado supermarket branches into nearby branches by July 2008.

Additional information regarding the results of TCF's new branches opened since January 1, 2003 is summarized as follows:

New Branch (1) Information                                     Table 4
----------------------------------------------------------------------
                                                       1Q08 vs 1Q07
                                                     ----------------
($ in thousands)                      1Q       1Q             Percent
                                     2008     2007    Change  Change
                                   -----------------------------------
Number of deposit accounts          290,622  219,850   70,772   32.2 %
Average deposits:
  Checking                         $288,734 $206,175 $ 82,559   40.0
  Savings                           334,562  211,378  123,184   58.3
  Money market                       38,698   27,508   11,190   40.7
                                   ---------------------------
    Subtotal                        661,994  445,061  216,933   48.7
  Certificates of deposit           312,160  330,318  (18,158)  (5.5)
                                   ---------------------------
    Total deposits                 $974,154 $775,379 $198,775   25.6
                                   ===========================


Total fees and other revenue       $ 14,556 $ 10,705 $  3,851   36.0


(1) New branches opened since
 January 1, 2003.

Power Assets(R)

Average Power Assets                                           Table 5
----------------------------------------------------------------------
                                                            Percent
                                                              Change
                                                           -----------
($ in thousands)           1Q          4Q          1Q      1Q08  1Q08
                                                             vs    vs
                          2008        2007        2007     4Q07  1Q07
                       -----------------------------------------------
Loans and leases: (1)
  Consumer home equity:
   First mortgage lien $ 4,220,046 $ 4,112,086 $ 3,808,390  2.6% 10.8%
   Junior lien           2,366,396   2,299,461   2,109,723  2.9  12.2
                       -----------------------------------
    Total consumer home
     equity              6,586,442   6,411,547   5,918,113  2.7  11.3
  Consumer other            44,008      45,294      41,853 (2.8)  5.1
                       -----------------------------------
    Total consumer       6,630,450   6,456,841   5,959,966  2.7  11.2
  Commercial real
   estate                2,566,415   2,445,012   2,377,683  5.0   7.9
  Commercial business      543,688     574,881     554,127 (5.4) (1.9)
                       -----------------------------------
    Total commercial     3,110,103   3,019,893   2,931,810  3.0   6.1
  Leasing and equipment
   finance               2,140,695   2,005,889   1,837,964  6.7  16.5
                       -----------------------------------
    Total Power Assets $11,881,248 $11,482,623 $10,729,740  3.5  10.7
                       ===================================

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

TCF's average Power Assets grew $1.2 billion, or 10.7 percent, from the first quarter of 2007. TCF's average consumer home equity loan balances increased $668.3 million, or 11.3 percent, average commercial loan balances increased $178.3 million, or 6.1 percent, and average leasing and equipment finance balances increased $302.7 million, or 16.5 percent.

TCF does not have any subprime lending programs. TCF also does not originate consumer home equity loans with multiple payment options or loans with "teaser" interest rates. At March 31, 2008, 64.1 percent of the consumer home equity portfolio was secured by first liens.

Power Liabilities(R)

Average Power                                                  Table 6
 Liabilities
----------------------------------------------------------------------
                                                           Percent
                                                             Change
                                                         -------------
($ in thousands)            1Q         4Q         1Q     1Q08  1Q08 vs
                                                           vs
                           2008       2007       2007    4Q07   1Q07
                        ----------------------------------------------
Non-interest bearing
 deposits:
 Retail                 $1,415,379 $1,348,202 $1,532,150  5.0% (7.6) %
 Small business            565,148    600,491    596,460 (5.9) (5.2)
 Commercial and
  custodial                200,624    201,161    201,860  (.3)  (.6)
                        ---------------------------------
  Total non-interest
   bearing               2,181,151  2,149,854  2,330,470  1.5  (6.4)
Interest-bearing
 deposits:
 Premier checking        1,008,802  1,026,408  1,073,500 (1.7) (6.0)
 Other checking            837,804    816,512    824,512  2.6   1.6
                        ---------------------------------
  Subtotal               1,846,606  1,842,920  1,898,012   .2  (2.7)
 Premier savings         1,473,997  1,353,638  1,070,059  8.9  37.7
 Other savings           1,251,053  1,229,808  1,314,471  1.7  (4.8)
                        ---------------------------------
  Subtotal               2,725,050  2,583,446  2,384,530  5.5  14.3
 Money market              589,392    598,483    610,286 (1.5) (3.4)
                        ---------------------------------
  Subtotal               5,161,048  5,024,849  4,892,828  2.7   5.5
 Certificates of deposit 2,500,362  2,307,411  2,513,838  8.4   (.5)
                        ---------------------------------
    Total interest-
     bearing             7,661,410  7,332,260  7,406,666  4.5   3.4
                        ---------------------------------
       Power Liabilities$9,842,561 $9,482,114 $9,737,136  3.8   1.1
                        =================================

Average rate on deposits      1.99%      2.29%      2.38%

Average Power Liabilities totaled $9.8 billion for the first quarter of 2008, with an average interest rate of 1.99 percent, an increase of $105.4 million, or 1.1 percent, from the first quarter of 2007. The increase was primarily driven by increases in higher-cost savings deposits, partially offset by declines in non-interest bearing deposits.

Average Power Liabilities increased $360.4 million, or 3.8 percent, from the fourth quarter of 2007, due to increases in all deposit categories except for the seasonal decline in small business checking and a small decrease in money market balances.

At March 31, 2008, Power Liabilities outstanding totaled a record $10.4 billion.

Non-interest Expense

                                                                 Table
                                                                     7
----------------------------------------------------------------------
                                                            Percent
                                                              Change
                                                           -----------
($ in thousands)                  1Q        4Q       1Q    1Q08  1Q08
                                                             vs    vs
                                 2008      2007     2007   4Q07  1Q07
                               ---------------------------------------
Compensation and employee
 benefits                      $ 88,718  $ 86,555 $ 88,093  2.5%   .7%
Occupancy and equipment          32,413    30,818   30,451  5.2   6.4
Advertising and promotions        6,296     4,632    5,981 35.9   5.3
Other                            40,101    38,391   35,315  4.5  13.6
                               ---------------------------
  Subtotal                      167,528   160,396  159,840  4.5   4.8
Visa indemnification             (3,766)    7,696        -  N.M.  N.M.
Operating lease depreciation      4,514     4,521    4,360  (.2)  3.5
                               ---------------------------
  Total non-interest expense   $168,276  $172,613 $164,200 (2.5)  2.5
                               ===========================

N.M. = Not Meaningful

Non-interest expense totaled $168.3 million for the first quarter of 2008, up $4.1 million, or 2.5 percent, from $164.2 million for 2007.

Compensation and employee benefits continue to be well controlled and increased $625 thousand, or .7 percent, from the first quarter of 2007.

Occupancy and equipment expenses increased $2 million, or 6.4 percent, from the first quarter of 2007, primarily due to branch expansion, exit costs associated with the closure of 12 Colorado supermarket branches and increased weather-related branch operating costs.

Other expense increased $4.8 million, or 13.6 percent, from the first quarter of 2007, primarily due to a $2.3 million increase in net real estate expense due to higher losses on foreclosed real estate in 2008, a $555 thousand recovery on the redemption of a commercial real estate property in 2007 and a $661 thousand increase in reserves for potential losses on unfunded commitments on commercial and consumer home equity lines of credit.

As part of the Visa IPO, Visa set aside a cash escrow fund for future settlement of covered litigation. As a result, TCF recorded a $3.8 million reduction in its contingent indemnification obligation established in the fourth quarter of 2007.

Credit Quality

Credit Quality Summary                                          Table
                                                                   8
----------------------------------------------------------------------
                                                            Percent
                                                              Change
                                                           -----------
($ in thousands)                   1Q       4Q      1Q     1Q08 1Q08
                                                             vs   vs
                                  2008     2007    2007    4Q07  1Q07
                                --------------------------------------
Allowance for loan and lease
 losses
-------------------------------
Balance at beginning of period  $ 80,942 $ 74,632 $58,543   8.5% 38.3%
 Charge-offs                     (17,822) (17,771) (9,232)   .3  93.0
 Recoveries                        4,275    3,957   6,516   8.0 (34.4)
                                --------------------------
  Net charge-offs                (13,547) (13,814) (2,716) (1.9)  N.M.
 Provision for credit losses      29,995   20,124   4,656  49.1   N.M.
                                --------------------------
Balance at end of period        $ 97,390 $ 80,942 $60,483  20.3  61.0
                                ==========================

Allowance as a percentage of
 period end loans and leases         .77%     .66%    .53%
Ratio of allowance to net          1.8 X    1.5 X   5.6 X
 charge-offs (1)

Net Charge-offs as a Percentage
 of Average Loans and Leases
 (1)
-------------------------------
 Consumer home equity:
  First mortgage lien                .38%     .30%    .15%
  Junior lien                        .84      .62     .35
   Total home equity                 .55      .42     .22
 Total consumer                      .62      .56     .20
 Commercial real estate              .07      .33     .07
 Commercial business                 .44      .30     .11
 Leasing and equipment finance       .39      .45    (.18)
 Residential real estate             .13      .05     .02
  Total                              .44      .46     .10

Other Credit Quality Data
-------------------------------
 Delinquencies (2)
    30+ days                    $104,337 $ 82,577 $46,814  26.4 122.9
    90+ days                    $ 23,538 $ 15,384 $10,131  53.0 132.3
 Delinquencies as a percentage
  of loan and lease portfolio
  (2):
    30+ days                         .83%     .67%    .41%
    90+ days                         .19%     .12%    .09%

 Non-accrual loans and leases   $ 86,226 $ 59,854 $55,106  44.1  56.5
 Real estate owned                47,815   45,765  27,212   4.5  75.7
                                --------------------------
  Total non-performing assets   $134,041 $105,619 $82,318  26.9  62.8
                                ==========================
 Non-performing assets as a
  percentage of net loans and
  leases                            1.07%     .86%    .72%


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

At March 31, 2008, TCF's allowance for loan and lease losses totaled $97.4 million, or .77 percent of loans and leases, compared with $60.5 million, or .53 percent, at March 31, 2007 and $80.9 million, or .66 percent, at December 31, 2007. The provision for credit losses for the first quarter of 2008 was $30 million, up from $4.7 million in the first quarter of 2007, primarily due to higher consumer home equity net charge-offs and the resulting portfolio reserve rate increases, higher reserves for certain commercial loans, primarily in Michigan, and a $2.1 million recovery in the first quarter of 2007 of a previously charged-off leveraged lease. TCF's credit performance continues to be impacted by the negative effect of the depressed housing market and the slowing economy.

Consumer home equity net charge-offs for the first quarter of 2008 were $9 million, an increase of $2.3 million from the fourth quarter of 2007 and up $5.8 million from the first quarter of 2007. The higher net charge-offs were primarily due to the residential real estate market conditions in Minnesota and Michigan.

At March 31, 2008, TCF's over-30-day delinquency rate was .83 percent, up from .67 percent at December 31, 2007, primarily due to consumer home equity and leasing and equipment finance receivables, partially offset by a decrease in delinquent commercial real estate loans. Total non-performing assets were $134 million, or .82 percent of total assets, at March 31, 2008, up from $105.6 million, or .66 percent of total assets, at December 31, 2007. The increase in non-performing assets from December 31, 2007 was primarily due to a $14.3 million increase in commercial non-accrual loans, a $9.7 million increase in consumer home equity non-accrual loans and a $2.1 million increase in real estate owned.

Income Taxes

TCF's income tax expense was $24.4 million for the first quarter of 2008, or 34 percent of pre-tax income, compared with $27.2 million, or 24.8 percent, for the comparable 2007 period. The lower effective income tax rate for the first quarter of 2007 was primarily due to an $8.5 million reduction of income tax expense due to a favorable settlement with the Internal Revenue Service. Excluding this item, the effective income tax rate for the first quarter of 2007 was 32.5 percent.

Capital

Capital Information                                              Table
                                                                     9
----------------------------------------------------------------------
At period end
($ in thousands, except per-        1Q               4Q
 share data)
                                   2008             2007
                                ----------       ----------
Stockholders' equity            $1,129,870       $1,099,012
Stockholders' equity to total
 assets                               6.90%            6.88%
Book value per common share     $     8.94       $     8.68

Risk-based capital
 Tier 1                         $  980,270  8.34%$  964,467  8.28%
 Total                           1,278,720 10.87  1,245,808 10.70
 Total "well-capitalized"
  requirement                    1,176,003 10.00  1,164,829 10.00
 Excess over "well-capitalized"
  requirement                      102,717   .87     80,979   .70

"TCF continues to be a well-capitalized financial institution. Given current market and economic conditions, we believe it is prudent to preserve TCF's capital. As a result, we are not repurchasing TCF shares," said Lynn A. Nagorske. No repurchases of common stock were made in the first quarter of 2008 compared with 100,000 shares repurchased in the fourth quarter of 2007.

Website Information

A live webcast of TCF's conference call to discuss first quarter earnings will be hosted at TCF's website, www.tcfbank.com, on April 22, 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 $16.4 billion in total assets. The company has 453 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana and Arizona, providing retail and commercial banking services, and investments and insurance products. TCF also conducts leasing and equipment finance business in all 50 states.

    __________________________________________________________________

    Forward-looking Information

This earnings release and other reports issued by the Company, including reports filed with the SEC, may contain "forward-looking" statements that deal with future results, plans or performance. In addition, TCF's management may make such statements orally to the media, or to securities analysts, investors or others. Forward-looking statements deal with matters that do not relate strictly to historical facts. TCF's future results may differ materially from historical performance and forward-looking statements about TCF's expected financial results or other plans and are subject to a number of risks and uncertainties. These include, but are not limited, to possible legislative changes and adverse economic, business and competitive developments such as shrinking interest margins; deposit outflows; an inability to increase the number of deposit accounts and the possibility that deposit account losses (fraudulent checks, etc.) may increase; impact of legal, legislative or other changes affecting customer account charges and fee income; reduced demand for financial services and loan and lease products; adverse developments affecting TCF's supermarket banking relationships or any of the supermarket chains in which TCF maintains supermarket branches; changes in accounting standards or interpretations of existing standards; monetary, fiscal or tax policies of the federal or state governments; including adoption of state legislation that would increase state taxes; 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 and resulting enforcement actions; changes in credit and other risks posed by TCF's loan, lease, investment, and securities available for sale portfolios, including declines in commercial or residential real estate values or changes in allowance for loan and lease losses methodology 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 directly or indirectly affecting TCF's ability to sell assets or to fund its operations; and results of litigation, including possible increases in indemnification obligations for certain litigation against Visa USA ("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
                                       March 31,          Change
                                   ----------------- -----------------
                                     2008     2007       $       %
                                   -------- -------- --------- -------
Interest income:
  Loans and leases                 $211,777 $201,605 $ 10,172     5.0
  Securities available for sale      28,279   25,105    3,174    12.6
  Education loans held for sale       3,452    4,146     (694)  (16.7)
  Investments                         1,642    2,806   (1,164)  (41.5)
                                   -------- -------- ---------
   Total interest income            245,150  233,662   11,488     4.9
                                   -------- -------- ---------
Interest expense:
  Deposits                           48,728   57,155   (8,427)  (14.7)
  Borrowings                         53,593   41,030   12,563    30.6
                                   -------- -------- ---------
   Total interest expense           102,321   98,185    4,136     4.2
                                   -------- -------- ---------
       Net interest income          142,829  135,477    7,352     5.4
Provision for credit losses          29,995    4,656   25,339     N.M.
                                   -------- -------- ---------
   Net interest income after
    provision for credit losses     112,834  130,821  (17,987)  (13.7)
                                   -------- -------- ---------
Non-interest income:
  Fees and service charges           63,547   62,022    1,525     2.5
  Card revenue                       24,771   23,261    1,510     6.5
  ATM revenue                         7,970    8,749     (779)   (8.9)
  Investments and insurance revenue   3,235    2,178    1,057    48.5
                                   -------- -------- ---------
   Subtotal                          99,523   96,210    3,313     3.4
  Leasing and equipment finance      12,134   14,001   (1,867)  (13.3)
  Other                               1,048    1,953     (905)  (46.3)
                                   -------- -------- ---------
   Fees and other revenue           112,705  112,164      541      .5
  Visa share redemption               8,308        -    8,308     N.M.
  Gains on sales of securities
   available for sale                 6,286        -    6,286     N.M.
  Gains on sales of branches and
   real estate                            -   31,173  (31,173) (100.0)
                                   -------- -------- ---------
   Total non-interest income        127,299  143,337  (16,038)  (11.2)
                                   -------- -------- ---------
Non-interest expense:
  Compensation and employee
   benefits                          88,718   88,093      625      .7
  Occupancy and equipment            32,413   30,451    1,962     6.4
  Advertising and promotions          6,296    5,981      315     5.3
  Other                              36,335   35,315    1,020     2.9
                                   -------- -------- ---------
   Subtotal                         163,762  159,840    3,922     2.5
  Operating lease depreciation        4,514    4,360      154     3.5
                                   -------- -------- ---------
   Total non-interest expense       168,276  164,200    4,076     2.5
                                   -------- -------- ---------
       Income before income tax
        expense                      71,857  109,958  (38,101)  (34.7)
Income tax expense                   24,431   27,234   (2,803)  (10.3)
                                   -------- -------- ---------
       Net income                  $ 47,426 $ 82,724 $(35,298)  (42.7)
                                   ======== ======== =========

Net income per common share:
  Basic                            $    .38 $    .65 $   (.27)  (41.5)
  Diluted                               .38 $    .65     (.27)  (41.5)

Dividends declared per common share$    .25 $  .2425 $  .0075     3.1

Average common and common
 equivalent shares outstanding (in
 thousands):
   Basic                            124,645  127,676   (3,031)   (2.4)
   Diluted                          125,120  127,921   (2,801)   (2.2)


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



                             At           At           At
                         March 31,   December 31,  March 31,
                            2008         2007         2007
                        ------------ ------------ ------------
ASSETS

Cash and due from banks $   331,171  $   358,174  $   282,502
Investments                 144,179      148,267      272,273
Securities available for
 sale                     2,177,262    1,963,681    1,859,244
Education loans held for
 sale                       223,333      156,135      208,107
Loans and leases:
 Consumer home equity
  and other               6,784,621    6,590,631    6,041,881
 Commercial real estate   2,596,050    2,557,330    2,362,023
 Commercial business        535,014      558,325      561,434
 Leasing and equipment
  finance                 2,180,782    2,104,343    1,849,874
                        ------------ ------------ ------------
         Subtotal        12,096,467   11,810,629   10,815,212
 Residential real estate    506,394      527,607      602,748
                        ------------ ------------ ------------
         Total loans and
          leases         12,602,861   12,338,236   11,417,960
 Allowance for loan and
  lease losses              (97,390)     (80,942)     (60,483)
                        ------------ ------------ ------------
         Net loans and
          leases         12,505,471   12,257,294   11,357,477
Premises and equipment,
 net                        439,532      438,452      416,570
Goodwill                    152,599      152,599      152,599
Other assets                396,817      502,452      349,603
                        ------------ ------------ ------------
          Total assets  $16,370,364  $15,977,054  $14,898,375
                        ============ ============ ============

LIABILITIES AND
 STOCKHOLDERS' EQUITY

Deposits:
 Checking               $ 4,288,960  $ 4,108,527  $ 4,404,950
 Savings                  2,882,813    2,636,820    2,415,895
 Money market               585,840      576,667      599,635
                        ------------ ------------ ------------
         Subtotal         7,757,613    7,322,014    7,420,480
 Certificates of deposit  2,599,456    2,254,535    2,477,230
                        ------------ ------------ ------------
         Total deposits  10,357,069    9,576,549    9,897,710
                        ------------ ------------ ------------
Short-term borrowings       138,442      556,070       47,376
Long-term borrowings      4,414,644    4,417,378    3,571,930
                        ------------ ------------ ------------
         Total
          borrowings      4,553,086    4,973,448    3,619,306
Accrued expenses and
 other liabilities          330,339      328,045      319,351
                        ------------ ------------ ------------
         Total
          liabilities    15,240,494   14,878,042   13,836,367
                        ------------ ------------ ------------
Stockholders' equity:
 Common stock, par value
  $.01 per share,
  280,000,000 shares
  authorized;
  131,065,676;
  131,468,699 and
  131,520,842 shares
  issued                      1,311        1,315        1,315
 Additional paid-in
  capital                   349,392      354,563      350,739
 Retained earnings,
  subject to certain
  restrictions              942,937      926,875      835,218
 Accumulated other
  comprehensive loss         (3,000)     (18,055)     (32,238)
 Treasury stock at cost,
  4,752,480; 4,866,480
  and 52,397,230 shares,
  and other                (160,770)    (165,686)     (93,026)
                        ------------ ------------ ------------
          Total
           stockholders'
           equity         1,129,870    1,099,012    1,062,008
                        ------------ ------------ ------------
          Total
           liabilities
           and
           stockholders'
           equity       $16,370,364  $15,977,054  $14,898,375
                        ============ ============ ============





                         % Change from
                        ---------------
                        December March
                           31,     31,
                          2007    2007
                        -------- ------
ASSETS

Cash and due from banks  (7.5)  % 17.2 %
Investments              (2.8)   (47.0)
Securities available for
 sale                    10.9     17.1
Education loans held for
 sale                    43.0      7.3
Loans and leases:
 Consumer home equity
  and other               2.9     12.3
 Commercial real estate   1.5      9.9
 Commercial business     (4.2)    (4.7)
 Leasing and equipment
  finance                 3.6     17.9
         Subtotal         2.4     11.8
 Residential real estate (4.0)   (16.0)
         Total loans and
          leases          2.1     10.4
 Allowance for loan and
  lease losses          (20.3)   (61.0)
         Net loans and
          leases          2.0     10.1
Premises and equipment,
 net                       .2      5.5
Goodwill                    -        -
Other assets            (21.0)    13.5
          Total assets    2.5      9.9

LIABILITIES AND
 STOCKHOLDERS' EQUITY

Deposits:
 Checking                 4.4     (2.6)
 Savings                  9.3     19.3
 Money market             1.6     (2.3)
         Subtotal         5.9      4.5
 Certificates of deposit 15.3      4.9
         Total deposits   8.2      4.6
Short-term borrowings   (75.1)   192.2
Long-term borrowings      (.1)    23.6
         Total
          borrowings     (8.5)    25.8
Accrued expenses and
 other liabilities         .7      3.4
         Total
          liabilities     2.4     10.1
Stockholders' equity:
 Common stock, par value
  $.01 per share,
  280,000,000 shares
  authorized;
  131,065,676;
  131,468,699 and
  131,520,842 shares
  issued                  (.3)     (.3)
 Additional paid-in
  capital                (1.5)     (.4)
 Retained earnings,
  subject to certain
  restrictions            1.7     12.9
 Accumulated other
  comprehensive loss     83.4     90.7
 Treasury stock at cost,
  4,752,480; 4,866,480
  and 52,397,230 shares,
  and other               3.0    (72.8)
          Total
           stockholders'
           equity         2.8      6.4
          Total
           liabilities
           and
           stockholders'
           equity         2.5      9.9


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



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

              At March 31, 2008   At December 31,
                                         2007
              ------------------ -------------------
                  Allowance           Allowance
              Balance   % of     Balance    % of
                       Portfolio           Portfolio
              ------- ---------- -------- ----------
 Consumer
  home equity $38,891      .58%  $ 30,951     .47%
 Consumer
  other         1,893     3.07      2,059    3.05
              -------            --------
  Total
   consumer
   home equity
   and other   40,784      .60     33,010     .50
 Commercial
  real estate  33,051     1.27     25,891    1.01
 Commercial
  business      6,912     1.29      7,077    1.27
 Leasing and
  equipment
  finance      15,942      .73     14,319     .68
 Residential
  real estate     701      .14        645     .12
              -------            --------
  Total       $97,390      .77   $ 80,942     .66
              =======            ========


Net Charge-                            Quarter Ended
 Offs
-----------           -----------------------------------------------
                      Mar. 31    Dec. 31,  Sep.
                                            30,
                        2008       2007     2007
                      --------   -------- -------
 Consumer home
  equity
  First
   mortgage
   lien               $  4,040   $  3,130 $ 2,656
  Junior
   lien                  4,973      3,585   3,231
                      --------   -------- -------
   Total consumer
    home equity          9,013      6,715   5,887
 Consumer
  other                  1,195      2,379   3,269
                      --------   -------- -------
  Total consumer home
   equity and other     10,208      9,094   9,156
 Commercial
  real estate              466      1,987      19
 Commercial
  business                 597        430     627
 Leasing and
  equipment
  finance                2,105      2,234   1,164
 Residential
  real estate              171         69      94
                      --------   -------- -------
  Total               $ 13,547   $ 13,814 $11,060
                      ========   ======== =======


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

                                     Quarter Ended (1)
                      -----------------------------------------------
                      Mar. 31,   Dec. 31,  Sep.
                                            30,
                        2008       2007     2007
                      --------   -------- -------
 Consumer home
  equity
  First
   mortgage
   lien                    .38%       .30%    .27%
  Junior
   lien                    .84        .62     .58
   Total consumer
    home equity            .55        .42     .38
 Total
  consumer                 .62        .56     .59
 Commercial
  real estate              .07        .33       -
 Commercial
  business                 .44        .30     .44
 Leasing and
  equipment
  finance                  .39        .45     .24
 Residential
  real estate              .13        .05     .07
  Total                    .44        .46     .38


Non-                     At         At      At
 performing
 assets
-------------
                      Mar. 31,   Dec. 31,  Sep.
                                            30,
                        2008       2007     2007
                      --------   -------- -------
 Non-accrual
  loans and
  leases:
  Consumer
   home equity
   First
    mortgage
    lien              $ 28,412   $ 20,776 $13,794
   Junior
    lien                 7,434      5,391   4,610
                      --------   -------- -------
       Total consumer
        home equity     35,846     26,167  18,404
  Consumer
   other                    13          6      11
                      --------   -------- -------
   Total consumer home
    equity and other    35,859     26,173  18,415
  Commercial
   real estate          34,300     19,999  13,824
  Commercial
   business              2,350      2,658   2,686
  Leasing and
   equipment finance    10,726      8,050   9,177
  Residential
   real estate           2,991      2,974   3,133
                      --------   -------- -------
   Total non-accrual
    loans and leases    86,226     59,854  47,235
 Other real
  estate
  owned:
  Residential
   real estate          30,415     28,752  28,444
  Commercial
   real estate          17,400     17,013  14,566
                      --------   -------- -------
   Total other real
    estate owned        47,815     45,765  43,010
                      --------   -------- -------
  Total non-
   performing
   assets             $134,041   $105,619 $90,245
                      ========   ======== =======

 Non-performing
  assets as a
  percentage of net
  loans and leases        1.07 %      .86%    .76  %


(1) Annualized

Allowance for
 loan and
 lease losses
--------------
                                                 Allowance as % of
                                                      Portfolio
                         At March 31, 2007           Change from
              -------------------------------- -----------------------
                             Allowance          Dec. 31,    Mar. 31,
                         Balance      % of
                                     Portfolio     2007        2007
              --------------------- ---------- ----------- -----------
 Consumer
  home equity               $15,345      .26 %      11 bps      32 bps
 Consumer
  other                       1,965     3.33         2         (26)
              ---------------------
  Total
   consumer
   home equity
   and other                 17,310      .29        10          31
 Commercial
  real estate                22,367      .95        26          32
 Commercial
  business                    7,294     1.30         2          (1)
 Leasing and
  equipment
  finance                    12,970      .70         5           3
 Residential
  real estate                   542      .09         2           5
              ---------------------
  Total                     $60,483      .53        11          24
              =====================


Net Charge-            Quarter Ended               Change from
 Offs
-----------   -------------------------------  --------------------
                        Jun. 30,    Mar. 31,   Dec. 31,    Mar. 31,
                          2007        2007       2007        2007
              --------------------- ---------  --------    --------
 Consumer home
  equity
  First
   mortgage
   lien                     $ 2,137  $ 1,413   $   910     $ 2,627
  Junior
   lien                       2,364    1,849     1,388       3,124
              --------------------- ---------  --------    --------
   Total consumer
    home equity               4,501    3,262     2,298       5,751
 Consumer
  other                       1,075     (287)   (1,184)      1,482
              --------------------- ---------  --------    --------
  Total consumer home
   equity and other           5,576    2,975     1,114       7,233
 Commercial
  real estate                     -      403    (1,521)         63
 Commercial
  business                       43      148       167         449
 Leasing and
  equipment
  finance                     1,362     (838)     (129)      2,943
 Residential
  real estate                    22       28       102         143
              --------------------- ---------  --------    --------
  Total                     $ 7,003  $ 2,716   $  (267)    $10,831
              ===================== =========  ========    ========


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

                     Quarter Ended (1)             Change from
              -------------------------------  --------------------
                        Jun. 30,    Mar. 31,   Dec. 31,    Mar. 31,
                          2007        2007       2007        2007
              --------------------- ---------  --------    --------
 Consumer home
  equity
  First
   mortgage
   lien                         .22%     .15 %       8 bps      23 bps
  Junior
   lien                         .44      .35        22          49
   Total consumer
    home equity                 .30      .22        13          33
 Total
  consumer                      .37      .20         6          42
 Commercial
  real estate                     -      .07       (26)          -
 Commercial
  business                      .03      .11        14          33
 Leasing and
  equipment
  finance                       .29     (.18)       (6)         57
 Residential
  real estate                   .01      .02         8          11
  Total                         .24      .10        (2)         34


Non-                       At          At          Change from
 performing
 assets
-------------                                  --------------------
                        Jun. 30,    Mar. 31,   Dec. 31,    Mar. 31,
                          2007        2007       2007        2007
              --------------------- ---------  --------    --------
 Non-accrual
  loans and
  leases:
  Consumer
   home equity
   First
    mortgage
    lien                    $11,309  $12,677   $ 7,636     $15,735
   Junior
    lien                      4,563    5,348     2,043       2,086
              --------------------- ---------  --------    --------
       Total consumer
        home equity          15,872   18,025     9,679      17,821
  Consumer
   other                         29       34         7         (21)
              --------------------- ---------  --------    --------
   Total consumer
    home equity and
    other                    15,901   18,059     9,686      17,800
  Commercial
   real estate               11,746   25,500    14,301       8,800
  Commercial
   business                   3,337    2,292      (308)         58
  Leasing and
   equipment finance          6,886    5,978     2,676       4,748
  Residential
   real estate                2,521    3,277        17        (286)
              --------------------- ---------  --------    --------
   Total non-accrual
    loans and leases         40,391   55,106    26,372      31,120
 Other real
  estate
  owned:
  Residential
   real estate               30,111   26,241     1,663       4,174
  Commercial
   real estate               14,702      971       387      16,429
              --------------------- ---------  --------    --------
   Total other real
    estate owned             44,813   27,212     2,050      20,603
                     -------------- ---------  --------    --------
  Total non-
   performing
   assets                   $85,204  $82,318   $28,422     $51,723
              ===================== =========  ========    ========

 Non-performing
  assets as a
  percentage of net
  loans and leases              .74%     .72 %      21 bps      35 bps


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



Delinquency data
 - principal
 balances (1)
----------------
                    At      At      At      At      At
                 Mar. 31,  Dec.    Sep.    Jun.    Mar.
                            31,     30,     30,     31,
                   2008     2007    2007    2007    2007
                 -------- ------- ------- ------- -------
   30 days
    or
    more:
   Consumer
    home
    equity
    First
     mortgage
     lien        $ 50,097 $31,784 $27,957 $19,288 $20,654
    Junior
     lien          15,378  12,289  11,185   8,709   6,729
                 -------- ------- ------- ------- -------
     Total
      consumer
      home
      equity       65,475  44,073  39,142  27,997  27,383
   Consumer
    other             342     377     416     272     270
                 -------- ------- ------- ------- -------
    Total
     consumer
     home equity
     and other     65,817  44,450  39,558  28,269  27,653
   Commercial
    real
    estate          7,888  11,382   7,140  10,739   3,857
   Commercial
    business          527   1,071   2,653     183   1,021
   Leasing and
    equipment
    finance        19,956  15,691  15,651  11,016   7,102
   Residential
    real
    estate         10,149   9,983   9,567   8,480   7,181
                 -------- ------- ------- ------- -------
    Total 30
     days or
     more        $104,337 $82,577 $74,569 $58,687 $46,814
                 ======== ======= ======= ======= =======

    Total 90 days
     or more and
     still
     accruing    $ 23,538 $15,384 $13,887 $20,754 $10,131

Delinquency data
 - % of
 portfolio (1)
----------------
                    At      At      At      At      At
                 Mar. 31,  Dec.    Sep.    Jun.    Mar.
                            31,     30,     30,     31,
                   2008     2007    2007    2007    2007
                 -------- ------- ------- ------- -------
   30 days
    or
    more:
   Consumer
    home
    equity
    First
     mortgage
     lien            1.17%    .76%    .69%    .50%    .54%
    Junior
     lien             .64     .53     .50     .40     .32
     Total
      consumer
      home
      equity          .98     .68     .62     .46     .46
   Consumer
    other             .55     .56     .62     .42     .71
    Total
     consumer
     home equity
     and other        .98     .68     .62     .46     .46
   Commercial
    real
    estate            .31     .45     .30     .46     .17
   Commercial
    business          .10     .19     .46     .03     .18
   Leasing and
    equipment
    finance           .92     .75     .80     .58     .39
   Residential
    real
    estate           2.02    1.90    1.76    1.49    1.20
    Total 30
     days or
     more             .83     .67     .63     .51     .41

    Total 90 days
     or more and
     still
     accruing         .19     .12     .12     .18     .09

Potential
 Problem Loans
 and Leases (2)
----------------
                    At      At      At      At      At
                 Mar. 31,  Dec.    Sep.    Jun.    Mar.
                            31,     30,     30,     31,
                   2008     2007    2007    2007    2007
                 -------- ------- ------- ------- -------
   Consumer
    home
    equity (3)   $ 15,120 $ 4,861 $ 1,102 $     - $     -
   Commercial
    real
    estate         36,172  31,511  42,277  35,956  25,563
   Commercial
    business       34,787   8,695   8,764   8,557  16,747
   Leasing and
    equipment
    finance        16,010  15,015  14,109  12,022  12,316
                 -------- ------- ------- ------- -------
                 $102,089 $60,082 $66,252 $56,535 $54,626
                 ======== ======= ======= ======= =======


Delinquency data
 - principal
 balances (1)
----------------
                     Change from
                 -------------------
                 Dec. 31,   Mar. 31,
                   2007       2007
                 --------   --------
   30 days
    or
    more:
   Consumer
    home
    equity
    First
     mortgage
     lien        $18,313    $29,443
    Junior
     lien          3,089      8,649
                 --------   --------
     Total
      consumer
      home
      equity      21,402     38,092
   Consumer
    other            (35)        72
                 --------   --------
    Total
     consumer
     home equity
     and other    21,367     38,164
   Commercial
    real
    estate        (3,494)     4,031
   Commercial
    business        (544)      (494)
   Leasing and
    equipment
    finance        4,265     12,854
   Residential
    real
    estate           166      2,968
                 --------   --------
    Total 30
     days or
     more        $21,760    $57,523
                 ========   ========

    Total 90 days
     or more and
     still
     accruing    $ 8,559    $13,812

Delinquency data
 - % of
 portfolio (1)
----------------
                     Change from
                 -------------------
                 Dec. 31,   Mar. 31,
                   2007       2007
                 --------   --------
   30 days
    or
    more:
   Consumer
    home
    equity
    First
     mortgage
     lien             41 bps     63 bps
    Junior
     lien             11         32
     Total
      consumer
      home
      equity          30         52
   Consumer
    other             (1)       (16)
    Total
     consumer
     home equity
     and other        30         52
   Commercial
    real
    estate           (14)        14
   Commercial
    business          (9)        (8)
   Leasing and
    equipment
    finance           17         53
   Residential
    real
    estate            12         82
    Total 30
     days or
     more             16         42

    Total 90 days
     or more and
     still
     accruing          7         10

Potential
 Problem Loans
 and Leases (2)
----------------
                     Change from
                 -------------------
                 Dec. 31,   Mar. 31,
                    2007       2007
                 --------   --------
   Consumer
    home
    equity (3)   $10,259    $15,120
   Commercial
    real
    estate         4,661     10,609
   Commercial
    business      26,092     18,040
   Leasing and
    equipment
    finance          995      3,694
                 --------   --------
                 $42,007    $47,463
                 ========   ========


(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.

(3)Consists of certain loans with restructured terms.
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
        CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES
                        (Dollars in thousands)
                             (Unaudited)



                      Three Months Ended March 31,
                      ----------------------------
                                 2008
                      ----------------------------
                        Average            Yields
                                             and
                        Balance   Interest Rates
                                            (1)
                      ----------- -------- -----

ASSETS

  Investments         $   150,659 $  1,642  4.38%
  Securities available
   for sale             2,140,951   28,279  5.28
  Education loans held
   for sale               215,434    3,452  6.44
  Loans and leases:
   Consumer home
    equity:
    Fixed-rate          4,983,410   85,938  6.94
    Variable-rate       1,603,032   28,194  7.07
   Consumer - other        44,008      980  8.96
                      ----------- --------
             Total
              consumer
              home
              equity
              and
              other     6,630,450  115,112  6.98
   Commercial real
    estate:
    Fixed- and
     adjustable-rate    1,975,344   31,244  6.36
    Variable-rate         591,071    8,778  5.97
                      ----------- --------
      Total commercial
       real estate      2,566,415   40,022  6.27
   Commercial
    business:
    Fixed- and
     adjustable-rate      177,691    2,755  6.24
    Variable-rate         365,997    5,373  5.90
                      ----------- --------
      Total commercial
       business           543,688    8,128  6.01
   Leasing and
    equipment finance   2,140,695   40,933  7.65
                      ----------- --------
    Subtotal           11,881,248  204,195  6.90
   Residential real
    estate                517,791    7,582  5.86
                      ----------- --------
    Total loans and
     leases            12,399,039  211,777  6.86
                      ----------- --------

      Total interest-
       earning assets  14,906,083  245,150  6.60
                      ----------- --------

  Other assets          1,228,970
                      -----------

   Total assets       $16,135,053
                      ===========

LIABILITIES AND STOCKHOLDERS'
 EQUITY

  Non-interest bearing
   deposits:
   Retail             $ 1,415,379
   Small business         565,148
   Commercial and
    custodial             200,624
                      -----------
    Total non-interest
     bearing deposits   2,181,151
  Interest-bearing
   deposits:
   Premier checking     1,008,802    4,057  1.62
   Other checking         837,804      674  0.32
                      ----------- --------
    Subtotal            1,846,606    4,731  1.03
   Premier savings      1,473,997   11,781  3.21
   Other savings        1,251,053    3,007  0.97
                      ----------- --------
    Subtotal            2,725,050   14,788  2.18
   Money market           589,392    2,972  2.03
                      ----------- --------
    Subtotal            5,161,048   22,491  1.76
   Certificates of
    deposit             2,500,362   26,237  4.21
                      ----------- --------
    Total interest-
     bearing deposits   7,661,410   48,728  2.56
                      ----------- --------

      Total deposits    9,842,561   48,728  1.99
                      ----------- --------

  Borrowings:
   Short-term
    borrowings            399,023    3,610  3.64
   Long-term
    borrowings          4,414,630   49,983  4.55
                      ----------- --------
      Total borrowings  4,813,653   53,593  4.48
                      ----------- --------

   Total deposits and
    borrowings         14,656,214  102,321  2.81
                      ----------- --------

  Other liabilities       368,216
                      -----------

   Total liabilities   15,024,430

  Stockholders' equity  1,110,623
                      -----------

   Total liabilities
    and stockholders'
    equity            $16,135,053
                      ===========


Net interest income
 and margin                       $142,829  3.84%
                                  ======== =====

(1) Annualized



                            Three Months Ended March 31,
                      ----------------------------------------
                                              2007
                                   ---------------------------
                                     Average            Yields
                                                          and
                                     Balance   Interest Rates
                                                         (1)
                                   ----------- -------- -----

ASSETS

  Investments                      $   231,256 $  2,806  4.91%
  Securities available
   for sale                          1,861,335   25,105  5.40
  Education loans held
   for sale                            201,924    4,146  8.33
  Loans and leases:
   Consumer home
    equity:
    Fixed-rate                       4,475,520   76,676  6.95
    Variable-rate                    1,442,593   31,408  8.83
   Consumer - other                     41,853    1,021  9.89
                                   ----------- --------
             Total
              consumer
              home
              equity
              and
              other                  5,959,966  109,105  7.42
   Commercial real
    estate:
    Fixed- and
     adjustable-rate                 1,732,636   27,236  6.38
    Variable-rate                      645,047   12,281  7.72
                                   ----------- --------
      Total commercial
       real estate                   2,377,683   39,517  6.74
   Commercial
    business:
    Fixed- and
     adjustable-rate                   163,014    2,606  6.48
    Variable-rate                      391,113    7,247  7.51
                                   ----------- --------
      Total commercial
       business                        554,127    9,853  7.21
   Leasing and
    equipment finance                1,837,964   34,247  7.45
                                   ----------- --------
    Subtotal                        10,729,740  192,722  7.27
   Residential real
    estate                             614,970    8,883  5.79
                                   ----------- --------
    Total loans and
     leases                         11,344,710  201,605  7.19
                                   ----------- --------
                                                            -
      Total interest-
       earning assets               13,639,225  233,662  6.92
                                   ----------- --------

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

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

LIABILITIES AND STOCKHOLDERS'
 EQUITY

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

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

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

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

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

   Total liabilities                13,761,274

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

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


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

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


                               At or For the Three Months Ended
                         --------------------------------------------
                         Mar. 31, Dec. 31, Sep. 30, Jun. 30, Mar. 31,
                           2008     2007     2007     2007     2007
                         -------- -------- -------- -------- --------
Interest income:
 Loans and leases        $211,777 $215,082 $213,528 $206,738 $201,605
 Securities available
  for sale                 28,279   29,372   28,439   26,665   25,105
 Education loans held
  for sale                  3,452    3,153    2,588    3,365    4,146
 Investments                1,642    1,595    2,279    1,557    2,806
                         -------- -------- -------- -------- --------
  Total interest income   245,150  249,202  246,834  238,325  233,662
                         -------- -------- -------- -------- --------
Interest expense:
 Deposits                  48,728   54,788   60,440   58,242   57,155
 Borrowings                53,593   54,843   48,690   42,658   41,030
                         -------- -------- -------- -------- --------
  Total interest expense  102,321  109,631  109,130  100,900   98,185
                         -------- -------- -------- -------- --------
      Net interest
       income             142,829  139,571  137,704  137,425  135,477
Provision for credit
 losses                    29,995   20,124   18,883   13,329    4,656
                         -------- -------- -------- -------- --------
  Net interest income
   after provision for
   credit losses          112,834  119,447  118,821  124,096  130,821
                         -------- -------- -------- -------- --------
Non-interest income:
 Fees and service
  charges                  63,547   72,331   71,965   71,728   62,022
 Card revenue              24,771   25,058   25,685   24,876   23,261
 ATM revenue                7,970    8,306    9,251    9,314    8,749
 Investments and
  insurance revenue         3,235    2,736    2,632    2,772    2,178
                         -------- -------- -------- -------- --------
  Subtotal                 99,523  108,431  109,533  108,690   96,210
 Leasing and equipment
  finance                  12,134   14,841   15,110   15,199   14,001
 Other                      1,048    1,573    1,751    2,993    1,953
                         -------- -------- -------- -------- --------
  Fees and other revenue  112,705  124,845  126,394  126,882  112,164
 Visa share redemption      8,308        -        -        -        -
 Gains on sales of
  securities available
  for sale                  6,286   11,261    2,017        -        -
 Gains on sales of
  branches and real
  estate                        -    2,752    1,246    2,723   31,173
                         -------- -------- -------- -------- --------
      Total non-interest
       income             127,299  138,858  129,657  129,605  143,337
                         -------- -------- -------- -------- --------
Non-interest expense:
 Compensation and
  employee benefits        88,718   86,555   85,113   86,707   88,093
 Occupancy and equipment   32,413   30,818   30,226   29,329   30,451
 Advertising and
  promotions                6,296    4,632    5,480    5,586    5,981
 Other                     36,335   46,087   37,632   36,531   35,315
                         -------- -------- -------- -------- --------
  Subtotal                163,762  168,092  158,451  158,153  159,840
 Operating lease
  depreciation              4,514    4,521    4,326    4,381    4,360
                         -------- -------- -------- -------- --------
  Total non-interest
   expense                168,276  172,613  162,777  162,534  164,200
                         -------- -------- -------- -------- --------
      Income before
       income tax
       expense             71,857   85,692   85,701   91,167  109,958
Income tax expense         24,431   22,875   26,563   29,038   27,234
                         -------- -------- -------- -------- --------
  Net income             $ 47,426 $ 62,817 $ 59,138 $ 62,129 $ 82,724
                         ======== ======== ======== ======== ========

Net income per common
 share:
 Basic                   $    .38 $    .51 $    .48 $    .49 $    .65
 Diluted                      .38      .50      .48      .49      .65

Dividends declared per
 common share            $    .25 $  .2425 $  .2425 $  .2425 $  .2425

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

Return on average assets
 (1)                         1.18%    1.60%    1.55%    1.67%    2.24%
Return on average common
 equity (1)                 17.08    23.55    23.39    24.16    31.81
Net interest margin (1)      3.84     3.83     3.90     4.02     4.00
Net charge-offs as a
 percentage of average
 loans and leases (1)         .44      .46      .38      .24      .10
Average total equity to
 average assets              6.88     6.79     6.64     6.92     7.03

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



                   Mar. 31,     Dec. 31,     Sep. 30,     Jun. 30,
                     2008         2007         2007         2007
                 ------------ ------------ ------------ ------------

ASSETS

Cash and due from
 banks           $   304,442  $   310,011  $   309,596  $   297,231
Investments          150,659      147,058      203,406      130,977
Securities
 available for
 sale              2,140,951    2,187,068    2,078,155    1,967,524
Education loans
 held for sale       215,434      153,146      110,449      153,566
Loans and leases:
 Consumer home
  equity:
  Fixed-rate       4,983,410    4,889,304    4,750,552    4,614,322
  Variable-rate    1,603,032    1,522,243    1,455,701    1,421,390
 Consumer - other     44,008       45,294       45,440       41,708
                 ------------ ------------ ------------ ------------
      Total
       consumer
       home
       equity and
       other       6,630,450    6,456,841    6,251,693    6,077,420
 Commercial real
  estate:
  Fixed- and
   adjustable-
   rate            1,975,344    1,839,817    1,786,829    1,750,690
  Variable-rate      591,071      605,195      584,378      598,918
                 ------------ ------------ ------------ ------------
      Total
       commercial
       real
       estate      2,566,415    2,445,012    2,371,207    2,349,608
 Commercial
  business:
  Fixed- and
   adjustable-
   rate              177,691      179,525      170,593      165,780
  Variable-rate      365,997      395,356      395,871      391,354
                 ------------ ------------ ------------ ------------
      Total
       commercial
       business      543,688      574,881      566,464      557,134
 Leasing and
  equipment
  finance          2,140,695    2,005,889    1,937,269    1,879,958
                 ------------ ------------ ------------ ------------
  Subtotal        11,881,248   11,482,623   11,126,633   10,864,120
 Residential real
  estate             517,791      537,449      559,413      587,400
                 ------------ ------------ ------------ ------------
  Total loans and
   leases         12,399,039   12,020,072   11,686,046   11,451,520
 Allowance for
  loan and lease
  losses             (84,048)     (77,072)     (68,564)     (61,934)
                 ------------ ------------ ------------ ------------
  Net loans and
   leases         12,314,991   11,943,000   11,617,482   11,389,586
Premises and
 equipment           440,516      435,426      427,632      420,967
Goodwill             152,599      152,599      152,599      152,599
Other assets         415,461      377,464      325,846      339,170
                 ------------ ------------ ------------ ------------
                 $16,135,053  $15,705,772  $15,225,165  $14,851,620
                 ============ ============ ============ ============

LIABILITIES AND
 STOCKHOLDERS'
 EQUITY

Non-interest-
 bearing
 deposits:
 Retail          $ 1,415,379  $ 1,348,202  $ 1,406,155  $ 1,492,429
 Small business      565,148      600,491      596,197      586,711
 Commercial and
  custodial          200,624      201,161      195,529      199,226
                 ------------ ------------ ------------ ------------
  Total non-
   interest
   bearing
   deposits        2,181,151    2,149,854    2,197,881    2,278,366
Interest-bearing
 deposits:
 Premier checking  1,008,802    1,026,408    1,048,449    1,070,397
 Other checking      837,804      816,512      823,833      834,405
                 ------------ ------------ ------------ ------------
  Subtotal         1,846,606    1,842,920    1,872,282    1,904,802
 Premier savings   1,473,997    1,353,638    1,202,672    1,109,341
 Other savings     1,251,053    1,229,808    1,274,164    1,300,857
                 ------------ ------------ ------------ ------------
  Subtotal         2,725,050    2,583,446    2,476,836    2,410,198
 Money market        589,392      598,483      606,198      604,217
                 ------------ ------------ ------------ ------------
  Subtotal         5,161,048    5,024,849    4,955,316    4,919,217
 Certificates of
  deposit          2,500,362    2,307,411    2,498,936    2,525,886
                 ------------ ------------ ------------ ------------
  Total interest-
   bearing
   deposits        7,661,410    7,332,260    7,454,252    7,445,103
                 ------------ ------------ ------------ ------------
      Total
       deposits    9,842,561    9,482,114    9,652,133    9,723,469
                 ------------ ------------ ------------ ------------
Borrowings:
 Short-term
  borrowings         399,023      450,027      183,582      196,169
 Long-term
  borrowings       4,414,630    4,340,891    4,043,570    3,566,883
                 ------------ ------------ ------------ ------------
  Total
   borrowings      4,813,653    4,790,918    4,227,152    3,763,052
Accrued expenses
 and other
 liabilities         368,216      365,888      334,630      336,676
                 ------------ ------------ ------------ ------------
  Total
   liabilities    15,024,430   14,638,920   14,213,915   13,823,197
                 ------------ ------------ ------------ ------------
Stockholders'
 equity:
 Common stock          1,312        1,315        1,315        1,315
 Additional paid-
  in capital         351,447      353,365      351,905      351,312
 Retained
  earnings           926,497      901,799      871,691      841,757
 Accumulated
  other
  comprehensive
  loss                (5,715)     (24,229)     (52,355)     (42,754)
 Treasury stock
  at cost and
  other             (162,918)    (165,398)    (161,306)    (123,207)
                 ------------ ------------ ------------ ------------
                   1,110,623    1,066,852    1,011,250    1,028,423
                 ------------ ------------ ------------ ------------
                 $16,135,053  $15,705,772  $15,225,165  $14,851,620
                 ============ ============ ============ ============

Supplemental
 Information:
-----------------
Securities
 available for
 sale            $ 2,140,951  $ 2,187,068  $ 2,078,155  $ 1,967,524
Residential real
 estate loans        517,791      537,449      559,413      587,400
                 ------------ ------------ ------------ ------------
 Total securities
  available for
  sale and
  residential
  real estate
  loans          $ 2,658,742  $ 2,724,517  $ 2,637,568  $ 2,554,924
                 ============ ============ ============ ============



                    Mar. 31,
                      2007
                  ------------

ASSETS

Cash and due from
 banks            $   309,741
Investments           231,256
Securities
 available for
 sale               1,861,335
Education loans
 held for sale        201,924
Loans and leases:
 Consumer home
  equity:
  Fixed-rate        4,475,520
  Variable-rate     1,442,593
 Consumer - other      41,853
                  ------------
      Total
       consumer
       home
       equity and
       other        5,959,966
 Commercial real
  estate:
  Fixed- and
   adjustable-
   rate             1,732,636
  Variable-rate       645,047
                  ------------
      Total
       commercial
       real
       estate       2,377,683
 Commercial
  business:
  Fixed- and
   adjustable-
   rate               163,014
  Variable-rate       391,113
                  ------------
      Total
       commercial
       business       554,127
 Leasing and
  equipment
  finance           1,837,964
                  ------------
  Subtotal         10,729,740
 Residential real
  estate              614,970
                  ------------
  Total loans and
   leases          11,344,710
 Allowance for
  loan and lease
  losses              (58,714)
                  ------------
  Net loans and
   leases          11,285,996
Premises and
 equipment            414,041
Goodwill              152,599
Other assets          344,594
                  ------------
                  $14,801,486
                  ============

LIABILITIES AND
 STOCKHOLDERS'
 EQUITY

Non-interest-
 bearing
 deposits:
 Retail           $ 1,532,150
 Small business       596,460
 Commercial and
  custodial           201,860
                  ------------
  Total non-
   interest
   bearing
   deposits         2,330,470
Interest-bearing
 deposits:
 Premier checking   1,073,500
 Other checking       824,512
                  ------------
  Subtotal          1,898,012
 Premier savings    1,070,059
 Other savings      1,314,471
                  ------------
  Subtotal          2,384,530
 Money market         610,286
                  ------------
  Subtotal          4,892,828
 Certificates of
  deposit           2,513,838
                  ------------
  Total interest-
   bearing
   deposits         7,406,666
                  ------------
      Total
       deposits     9,737,136
                  ------------
Borrowings:
 Short-term
  borrowings           87,928
 Long-term
  borrowings        3,599,032
                  ------------
  Total
   borrowings       3,686,960
Accrued expenses
 and other
 liabilities          337,178
                  ------------
  Total
   liabilities     13,761,274
                  ------------
Stockholders'
 equity:
 Common stock           1,316
 Additional paid-
  in capital          344,685
 Retained
  earnings            795,884
 Accumulated
  other
  comprehensive
  loss                (34,939)
 Treasury stock
  at cost and
  other               (66,734)
                  ------------
                    1,040,212
                  ------------
                  $14,801,486
                  ============

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


                                        Mar.  Dec.  Sep.  Jun.   Mar.
                                         31,   31,   30,   30,    31,
                                        2008  2007  2007  2007   2007
                                        ----  ----  ----  -----  ----

ASSETS

  Investments                           4.38% 4.31% 4.45%  4.77% 4.91%
  Securities available for sale         5.28  5.37  5.47   5.42  5.40
  Education loans held for sale         6.44  8.17  9.30   8.79  8.33
  Loans and leases:
   Consumer home equity:
    Fixed-rate                          6.94  6.98  6.99   6.97  6.95
    Variable-rate                       7.07  7.98  8.67   8.80  8.83
   Consumer - other                     8.96  9.76  9.74  10.16  9.89
       Total consumer home equity and
        other                           6.98  7.23  7.40   7.42  7.42
   Commercial real estate:
    Fixed- and adjustable-rate          6.36  6.44  6.44   6.42  6.38
    Variable-rate                       5.97  7.09  7.86   7.83  7.72
       Total commercial real estate     6.27  6.60  6.79   6.78  6.74
   Commercial business:
    Fixed- and adjustable-rate          6.24  6.31  6.32   6.47  6.48
    Variable-rate                       5.90  6.91  7.51   7.50  7.51
       Total commercial business        6.01  6.72  7.16   7.19  7.21
   Leasing and equipment finance        7.65  7.82  7.84   7.67  7.45
    Subtotal                            6.90  7.17  7.34   7.31  7.27
   Residential real estate              5.86  5.77  5.77   5.85  5.79
    Total loans and leases              6.86  7.11  7.26   7.24  7.19

       Total interest-earning assets    6.60  6.83  6.97   6.97  6.92


LIABILITIES

  Interest-bearing deposits:
   Premier checking                     1.62  2.49  3.05   2.98  3.10
   Other checking                        .32   .40   .43    .35   .26
    Subtotal                            1.03  1.57  1.90   1.83  1.87
   Premier savings                      3.21  4.05  4.35   4.22  4.29
   Other savings                         .97  1.13  1.29   1.15  1.11
    Subtotal                            2.18  2.66  2.77   2.56  2.54
   Money market                         2.03  2.76  3.02   2.89  2.89
    Subtotal                            1.76  2.27  2.48   2.32  2.32
   Certificates of deposit              4.21  4.47  4.68   4.73  4.70
    Total interest-bearing deposits     2.56  2.96  3.22   3.14  3.13

       Total deposits                   1.99  2.29  2.48   2.40  2.38

  Borrowings:
   Short-term borrowings                3.64  4.57  5.32   5.22  5.41
   Long-term borrowings                 4.55  4.54  4.54   4.51  4.49
    Total borrowings                    4.48  4.54  4.57   4.55  4.51

       Total interest-bearing
        liabilities                     3.30  3.59  3.71   3.61  3.59


Net interest margin                     3.84% 3.83% 3.90%  4.02% 4.00%

(1) Annualized

Source: TCF Financial Corporation

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

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