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TCF Reports Second Quarter Earnings and EPS ($.19)

SECOND QUARTER HIGHLIGHTS

-- Diluted earnings per share of 19 cents

-- Net income of $23.7 million

-- Net interest margin of 4.00 percent, up 16 basis points from first quarter

-- Provision for loan and lease losses of $62.9 million, net charge-offs of $26.6 million

-- Allowance for loan and lease losses to loans ratio increased to 1.03 percent at June 30

-- Average Power Assets(R) increased by $1.4 billion, or 12.8 percent

-- Capital ratios exceed stated well capitalized requirements

Company Release - 7/23/2008 8:33 AM ET

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

TCF Financial Corporation (NYSE: TCB):

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

($ in thousands, except
 per-share data)                                      Percent Change
                                                     -----------------
                             2Q       1Q       2Q    2Q08 vs  2Q08 vs
                            2008     2008     2007     1Q08     2Q07
                          --------------------------------------------
Net income                $23,702  $47,426  $62,129  (50.0) % (61.9) %
Diluted earnings per
 common share                 .19      .38      .49  (50.0)   (61.2)

Financial Ratios (1)
-------------------------
Return on average assets      .58%    1.18%    1.67%
Return on average common
 equity                      8.57    17.08    24.16
Net interest margin          4.00     3.84     4.02
Net charge-offs as a
 percentage of average
 loans and leases             .84      .44      .24

(1) Annualized

($ in thousands, except
 per-share data)
                                             YTD       YTD    Percent
                                             2008     2007     Change
                          --------------------------------------------
Net income                                 $71,128  $144,853  (50.9) %
Diluted earnings per
 common share                                  .57      1.14  (50.0)

Financial Ratios (1)
-------------------------
Return on average assets                       .88%     1.95%
Return on average common
 equity                                      12.85     28.08
Net interest margin                           3.92      4.01
Net charge-offs as a
 percentage of average
 loans and leases                              .64       .17

(1) Annualized

TCF Financial Corporation ("TCF") (NYSE: TCB) today reported diluted earnings per share of 19 cents for the second quarter of 2008, compared with 49 cents in 2007. Net income for the second quarter of 2008 was $23.7 million, compared with $62.1 million for the second quarter of 2007. Net income for the second quarter of 2008 included $1.1 million in pre-tax gains on sales of securities and $5 million of adjustments related to increased state income taxes, for a net after-tax charge of three cents per diluted share. Net income for the second quarter of 2007 included $2.7 million in pre-tax gains on the sales of real estate and $1.9 million of favorable income tax adjustments, for a combined after-tax credit of three cents per diluted share. TCF also recorded $62.9 million in the provision for credit losses in the second quarter of 2008, as compared with $13.3 million in the second quarter of 2007. See discussion beginning on page 11 regarding the provision for credit losses.

Diluted earnings per share for the first six months of 2008 was 57 cents, compared with $1.14 for the same 2007 period. The first six months of 2008 includes 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, $7.4 million in pre-tax gains on sales of securities and $5 million of adjustments related to increased state income taxes for a net after-tax credit of six cents per diluted share. The first six months of 2007 included a $31.2 million pre-tax gain on the sale of ten outstate Michigan branches, $2.7 million of pre-tax gains on sales of real estate, and $10.4 million of favorable income tax settlements and adjustments for a total after-tax credit of 26 cents per diluted share.

Chief Executive Officer's Statement

"TCF's results continue to be impacted by the depressed housing markets and a weakening economy," said Lynn A. Nagorske, CEO, TCF Financial Corporation. "TCF's second quarter operating results were positively impacted by improved net interest income and net interest margin as well as strong loan and lease growth.

"During the second quarter, TCF recorded $62.9 million of provisions for loan and lease losses, which exceeded net charge-offs by $36.3 million and resulted in an increase to the allowance for loan and lease losses ratio to 1.03 percent. The continuing deterioration in the housing markets and economic conditions makes these actions prudent at this time.

"TCF's Board of Directors declared a regular cash dividend of 25 cents per share, payable August 29. Given the company's well-capitalized status, anticipated earnings, and efforts to manage asset growth to maintain or improve its regulatory capital ratios, the Company's Board of Directors does not presently expect to raise additional capital through any type of equity offering related to TCF's stock or change its dividend policy. As previously disclosed, in order to fund future balance sheet growth, we continue to monitor market conditions for the possible issuance of trust preferred securities, that would be included in regulatory capital." TCF currently has no trust preferred securities outstanding.

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

                                                      Percent Change
                                                      ---------------
($ in thousands)           2Q        1Q        2Q     2Q08 vs 2Q08 vs
                          2008      2008      2007     1Q08    2Q07
                        ----------------------------------------------
Net interest income     $151,562  $142,829  $137,425     6.1%   10.3%
                        -----------------------------
Fees and other revenue:
  Fees and service
   charges                67,961    63,547    71,728     6.9    (5.3)
  Card revenue            26,828    24,771    24,876     8.3     7.8
  ATM revenue              8,267     7,970     9,314     3.7   (11.2)
  Investments and
   insurance               2,977     3,235     2,772    (8.0)    7.4
                        -----------------------------
    Total banking fees   106,033    99,523   108,690     6.5    (2.4)
  Leasing and equipment
   finance                14,050    12,134    15,199    15.8    (7.6)
  Other                    1,421     1,048     2,993    35.6   (52.5)
                        -----------------------------
    Total fees and
     other revenue       121,504   112,705   126,882     7.8    (4.2)
                        -----------------------------
  Visa share redemption        -     8,308         -  (100.0)      -
  Gains on sales of
   securities available
   for sale                1,115     6,286         -   (82.3)    N.M.
  Gains on sales of
   branches and real
   estate                      -         -     2,723       -  (100.0)
                        -----------------------------
       Total non-
        interest income  122,619   127,299   129,605    (3.7)   (5.4)
                        -----------------------------
       Total revenue    $274,181  $270,128  $267,030     1.5     2.7
                        =============================

Net interest margin (1)     4.00%     3.84%     4.02%
Fees and other revenue
 as a % of:
 Total revenue             44.32     41.72     47.52
 Average assets (1)         2.97      2.79      3.42


($ in thousands)                             YTD       YTD    Percent
                                            2008      2007     Change
                                          ----------------------------
Net interest income                       $294,391  $272,902      7.9%
                                          -------------------
Fees and other revenue:
  Fees and service
   charges                                 131,508   133,750     (1.7)
  Card revenue                              51,599    48,137      7.2
  ATM revenue                               16,237    18,063    (10.1)
  Investments and
   insurance                                 6,212     4,950     25.5
                                          -------------------
    Total banking fees                     205,556   204,900       .3
  Leasing and equipment
   finance                                  26,184    29,200    (10.3)
  Other                                      2,469     4,946    (50.1)
                                          -------------------
    Total fees and
     other revenue                         234,209   239,046     (2.0)
                                          -------------------
  Visa share redemption                      8,308         -    100.0
  Gains on sales of
   securities available
   for sale                                  7,401         -    100.0
  Gains on sales of
   branches and real
   estate                                        -    33,896   (100.0)
                                          -------------------
       Total non-
        interest income                    249,918   272,942     (8.4)
                                          -------------------
       Total revenue                      $544,309  $545,844      (.3)
                                          ===================

Net interest margin (1)                       3.92%     4.01%
Fees and other revenue
 as a % of:
 Total revenue                               43.03     43.79
 Average assets (1)                           2.88      3.23


N.M. = Not Meaningful
(1) Annualized

Net Interest Income

TCF's net interest income for the second quarter of 2008 was $151.6 million, up $14.1 million, or 10.3 percent, from the second quarter of 2007 and up $8.7 million, or 6.1 percent, from the first quarter of 2008. The increase in net interest income from the second quarter of 2007 was primarily attributable to a $1.5 billion, or 10.9 percent, increase in average interest-earning assets, partially offset by a two basis point reduction in net interest margin. The increase in net interest income from the first quarter of 2008 was primarily due to a $296.1 million, or 2 percent, increase in average interest-earning assets and a 16 basis point increase in net interest margin.

Net interest margin in the second quarter of 2008 was 4.00 percent, compared with 4.02 percent for the second quarter of 2007 and 3.84 percent for the first quarter of 2008. The 16 basis point increase in net interest margin from the first quarter of 2008 was primarily due to declines in rates paid on deposits and borrowings, as a result of generally lower market interest rates, exceeding the market driven decline in yields on Power Assets, partially due to loans at their contractual interest rate floor. The average balance of consumer home equity loans that were at their contractual interest rate floor was $1.2 billion for the second quarter of 2008, compared with $645 million for the first quarter of 2008. In addition, the net interest margin for the second quarter of 2008, as compared with the first quarter of 2008, benefited from increased lower cost deposits as a percentage of total deposits and borrowings.

Non-interest Income

Total non-interest income was $122.6 million for the second quarter of 2008, down $7 million from the second quarter of 2007.

Banking fees and service charges were $68 million, down $3.8 million, or 5.3 percent, from the second quarter of 2007 primarily due to decreased deposit service fees resulting from higher per account average deposit balances partially attributable to the Federal Economic Stimulus Plan.

Card revenues totaled $26.8 million for the second quarter of 2008, up $2 million, or 7.8 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 $14.1 million for the second quarter of 2008, down $1.1 million, or 7.6 percent, from the 2007 second 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.

Gains on sales of securities available for sale were $1.1 million in the second quarter of 2008 on sales of $124.6 million of mortgage-backed securities. There were no such sales or gains in the same period of 2007.

There were no gains on sales of real estate in the second quarter of 2008, compared with $2.7 million for the second quarter of 2007.

Branches

Number of Branches                                             Table 3
----------------------------------------------------------------------
At period end
                Total       New                    Total       New
               Branches Branches(1)               Branches Branches(1)
               --------------------               --------------------
Illinois            205          33   Traditional      196          75
Minnesota           109          18   Supermarket      243          36
Michigan             56          20   Campus            15          10
                                                  --------------------
Colorado             46          39                    454         121
                                                  ====================
Wisconsin            27           4
Arizona               6           6
Indiana               5           1
               --------------------
  Total
   Branches         454         121
               ====================

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

During the second quarter of 2008, TCF opened four new branches, consisting of two traditional branches and two supermarket branches.

During the remainder of 2008, TCF plans to open four additional branches, consisting of one traditional branch and three supermarket branches. To improve the customer experience and enhance deposit growth, TCF intends to relocate three traditional branches to improved locations and facilities and to remodel 19 supermarket branches during the remainder of 2008. As part of improving operating efficiencies, TCF closed and consolidated two Colorado supermarket branches into nearby branches in the second quarter of 2008. Ten additional Colorado supermarket branches have been closed and consolidated in July.

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

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

                                                       2Q08 vs 2Q07
                                                     -----------------
($ in thousands)                     2Q        2Q              Percent
                                    2008      2007    Change   Change
                                 -------------------------------------
Number of deposit accounts          300,844  246,369   54,475    22.1%
Average deposits:
  Checking                       $  303,067 $224,819 $ 78,248    34.8
  Savings                           349,668  229,376  120,292    52.4
  Money market                       44,447   31,777   12,670    39.9
                                 -----------------------------
    Subtotal                        697,182  485,972  211,210    43.5
  Certificates of deposit           330,934  336,804   (5,870)   (1.7)
                                 -----------------------------
    Total deposits               $1,028,116 $822,776 $205,340    25.0
                                 =============================


Total fees and other revenue     $   16,275 $ 13,575 $  2,700    19.9


($ in thousands)                            YTD        YTD     Percent
                                            2008       2007    Change
                                        ------------------------------
Number of deposit accounts
Average deposits:
  Checking                               $  295,901 $  215,549   37.3%
  Savings                                   342,115    220,427   55.2
  Money market                               41,572     29,655   40.2
                                         ---------------------
    Subtotal                                679,588    465,631   45.9
  Certificates of deposit                   321,547    333,579   (3.6)
                                         ---------------------
    Total deposits                       $1,001,135 $  799,210   25.3
                                         =====================


Total fees and other revenue             $   30,833 $   24,279   27.0

Power Assets(R)

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

                                                       Percent Change
                                                       ---------------
($ in thousands)       2Q          1Q          2Q      2Q08 vs 2Q08 vs
                      2008        2008        2007      1Q08    2Q07
                   ---------------------------------------------------
Loans and leases:
 (1)
  Consumer home
   equity:
    First mortgage
     lien          $ 4,366,623 $ 4,220,046 $ 3,894,939    3.5%   12.1%
    Junior lien      2,420,963   2,366,396   2,140,773    2.3    13.1
                   -----------------------------------
       Total
        consumer
        home
        equity       6,787,586   6,586,442   6,035,712    3.1    12.5
  Consumer other        46,492      44,008      41,708    5.6    11.5
                   -----------------------------------
       Total
        consumer     6,834,078   6,630,450   6,077,420    3.1    12.5
  Commercial real
   estate            2,656,392   2,566,415   2,349,608    3.5    13.1
  Commercial
   business            529,470     543,688     557,134   (2.6)   (5.0)
                   -----------------------------------
       Total
        commercial   3,185,862   3,110,103   2,906,742    2.4     9.6
  Leasing and
   equipment
   finance           2,229,467   2,140,695   1,879,958    4.1    18.6
                   -----------------------------------
       Total Power
        Assets     $12,249,407 $11,881,248 $10,864,120    3.1    12.8
                   ===================================



($ in thousands)                           YTD         YTD     Percent
                                          2008        2007     Change
                                      --------------------------------
Loans and leases: (1)
  Consumer home equity:
    First mortgage lien                $ 4,293,337 $ 3,851,905   11.5%
    Junior lien                          2,393,678   2,125,333   12.6
                                       -----------------------
       Total consumer home equity        6,687,015   5,977,238   11.9
  Consumer other                            45,250      41,780    8.3
                                       -----------------------
       Total consumer                    6,732,265   6,019,018   11.8
  Commercial real estate                 2,611,403   2,363,568   10.5
  Commercial business                      536,579     555,639   (3.4)
                                       -----------------------
       Total commercial                  3,147,982   2,919,207    7.8
  Leasing and equipment finance          2,185,081   1,859,077   17.5
                                       -----------------------
       Total Power Assets              $12,065,328 $10,797,302   11.7
                                       =======================


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

TCF's average Power Assets grew $1.4 billion, or 12.8 percent, from the second quarter of 2007. TCF's average consumer home equity loan balances increased $751.9 million, or 12.5 percent, average commercial loan balances increased $279.1 million, or 9.6 percent, and average leasing and equipment finance balances increased $349.5 million, or 18.6 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 June 30, 2008, 63.9 percent of the consumer home equity portfolio was secured by first liens.

During the second quarter of 2008, TCF decided to exit the Education Lending business as a result of legislative changes that eroded the profitability of the business and market challenges in selling such loans.

Power Liabilities(R)

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

                                                      Percent Change
                                                      ---------------
($ in thousands)      2Q          1Q          2Q      2Q08 vs 2Q08 vs
                     2008        2008        2007      1Q08    2Q07
                 -----------------------------------------------------
Non-interest
 bearing
 deposits:
 Retail          $ 1,464,237  $1,415,379  $1,492,429     3.5% (1.9) %
 Small business      577,510     565,148     586,711     2.2  (1.6)
 Commercial and
  custodial          238,779     200,624     199,226    19.0  19.9
                 ------------------------------------
  Total non-
   interest
   bearing         2,280,526   2,181,151   2,278,366     4.6    .1
Interest-bearing
 deposits:
 Premier
  checking           989,512   1,008,802   1,070,397    (1.9) (7.6)
 Other checking      894,436     837,804     834,405     6.8   7.2
                 ------------------------------------
  Subtotal         1,883,948   1,846,606   1,904,802     2.0  (1.1)
 Premier savings   1,518,703   1,473,997   1,109,341     3.0  36.9
 Other savings     1,365,141   1,251,053   1,300,857     9.1   4.9
                 ------------------------------------
  Subtotal         2,883,844   2,725,050   2,410,198     5.8  19.7
 Money market        609,369     589,392     604,217     3.4    .9
                 ------------------------------------
  Subtotal         5,377,161   5,161,048   4,919,217     4.2   9.3
 Certificates of
  deposit          2,471,216   2,500,362   2,525,886    (1.2) (2.2)
                 ------------------------------------
   Total
    interest-
    bearing        7,848,377   7,661,410   7,445,103     2.4   5.4
                 ------------------------------------
    Power
     Liabilities $10,128,903  $9,842,561  $9,723,469     2.9   4.2
                 ====================================

Average rate on
 deposits               1.47%       1.99%       2.40%


($ in thousands)                           YTD         YTD     Percent
                                          2008        2007     Change
                                       -------------------------------
Non-interest bearing deposits:
 Retail                                $1,439,810  $1,512,180  (4.8) %
 Small business                           571,329     591,559  (3.4)
 Commercial and custodial                 219,701     200,534   9.6
                                       -----------------------
  Total non-interest bearing            2,230,840   2,304,273  (3.2)
Interest-bearing deposits:
 Premier checking                         999,157   1,071,940  (6.8)
 Other checking                           866,120     829,486   4.4
                                       -----------------------
  Subtotal                              1,865,277   1,901,426  (1.9)
 Premier savings                        1,496,350   1,089,809  37.3
 Other savings                          1,308,096   1,307,627    .0
                                       -----------------------
  Subtotal                              2,804,446   2,397,436  17.0
 Money market                             599,380     607,235  (1.3)
                                       -----------------------
  Subtotal                              5,269,103   4,906,097   7.4
 Certificates of deposit                2,485,789   2,519,895  (1.4)
                                       -----------------------
   Total interest-bearing               7,754,892   7,425,992   4.4
                                       -----------------------
    Power Liabilities                  $9,985,732  $9,730,265   2.6
                                       =======================

Average rate on deposits                     1.73%       2.39%

Average Power Liabilities totaled $10.1 billion for the second quarter of 2008, with an average interest rate of 1.47 percent, an increase of $405 million, or 4.2 percent, from the second quarter of 2007. The increase was primarily driven by increases in savings balances, partially offset by declines in checking deposits and certificates of deposits.

Average Power Liabilities increased $286.3 million, or 2.9 percent, from the first quarter of 2008, primarily due to increases in non-interest bearing checking and savings deposits.

Non-interest Expense

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

                                                      Percent Change
                                                     ----------------
($ in thousands)            2Q       1Q        2Q    2Q08 vs  2Q08 vs
                           2008     2008      2007     1Q08    2Q07
                         ---------------------------------------------
Compensation and
 employee benefits       $ 84,267 $ 88,718  $ 86,707   (5.0)%  (2.8)%
Occupancy and equipment    31,205   32,413    29,329   (3.7)    6.4
Advertising and
 promotions                 7,130    6,296     5,586   13.2    27.6
Other                      41,667   40,101    36,531    3.9    14.1
                         ---------------------------
  Subtotal                164,269  167,528   158,153   (1.9)    3.9
Visa indemnification            -   (3,766)        - (100.0)      -
Operating lease
 depreciation               4,460    4,514     4,381   (1.2)    1.8
                         ---------------------------
  Total non-interest
   expense               $168,729 $168,276  $162,534     .3     3.8
                         ===========================


($ in thousands)                                              Percent
                                             2008      2007    Change
                                           ---------------------------
Compensation and employee benefits         $172,985  $174,800   (1.0)%
Occupancy and equipment                      63,618    59,780    6.4
Advertising and promotions                   13,426    11,567   16.1
Other                                        81,768    71,846   13.8
                                           ------------------
  Subtotal                                  331,797   317,993    4.3
Visa indemnification                         (3,766)        - (100.0)
Operating lease depreciation                  8,974     8,741    2.7
                                           ------------------
  Total non-interest expense               $337,005  $326,734    3.1
                                           ==================

Non-interest expense totaled $168.7 million for the second quarter of 2008, up $6.2 million, or 3.8 percent, from $162.5 million for the second quarter of 2007.

Compensation and employee benefits continue to be well controlled and decreased $2.4 million, or 2.8 percent, from the second quarter of 2007.

Occupancy and equipment expenses increased $1.9 million, or 6.4 percent, from the second quarter of 2007, primarily due to branch expansion and exit costs associated with the 2008 closure of 12 Colorado supermarket branches.

Other expense increased $5.1 million, or 14.1 percent, from the second quarter of 2007, primarily due to a $3.1 million increase in foreclosed real estate expense due to increased property taxes and higher real estate disposition losses in 2008, costs associated with exiting the Education Lending business and reductions of lending employees.

Credit Quality

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

                                                      Percent Change
                                                      ----------------
($ in thousands)        2Q         1Q         2Q      2Q08 vs 2Q08 vs
                       2008       2008       2007      1Q08    2Q07
                     -------------------------------------------------
Allowance for loan
 and lease losses
--------------------
Balance at beginning
 of period           $ 97,390   $ 80,942   $ 60,483     20.3%    61.0%
 Charge-offs          (29,902)   (17,822)   (10,749)    67.8    178.2
 Recoveries             3,254      4,275      3,746    (23.9)   (13.1)
                     -------------------------------
  Net charge-offs     (26,648)   (13,547)    (7,003)    96.7     N.M.
 Provision for
  credit losses        62,895     29,995     13,329    109.7     N.M.
                     -------------------------------
Balance at end of
 period              $133,637   $ 97,390   $ 66,809     37.2    100.0
                     ===============================

Allowance as a
 percentage of
 period end loans
 and leases              1.03 %      .77 %      .58 %
Ratio of allowance
 to net charge-offs
 (1)                      1.3 X      1.8 X      2.4 X

Net Charge-offs as a
 Percentage of
 Average Loans and
 Leases (1)
--------------------
 Consumer home
  equity:
  First mortgage
   lien                   .61 %      .38 %      .22 %
  Junior lien            1.19        .84        .44
   Total home equity      .82        .55        .30
 Total consumer           .90        .62        .37
 Commercial real
  estate                  .86        .07          -
 Commercial business     1.74        .44        .03
 Leasing and
  equipment finance       .55        .39        .29
 Residential real
  estate                  .09        .13        .01
  Total                   .84        .44        .24

Other Credit Quality
 Data
--------------------
 Delinquencies (2)
      30+ days       $120,823   $104,337   $ 58,687     15.8    105.9
      90+ days       $ 28,180   $ 23,538   $ 20,754     19.7     35.8
 Delinquencies as a
  percentage of loan
  and lease
  portfolio: (2)
      30+ days            .94 %      .83 %      .51 %
      90+ days            .22 %      .19 %      .18 %


 Non-accrual loans
  and leases         $105,247   $ 86,226   $ 40,391     22.1    160.6
 Real estate owned     55,112     47,815     44,813     15.3     23.0
                     -------------------------------
   Total non-
    performing
    assets           $160,359   $134,041   $ 85,204     19.6     88.2
                     ===============================
 Non-performing
  assets as a
  percentage of net
  loans and leases       1.25 %     1.07 %      .74 %


($ in thousands)                           YTD        YTD     Percent
                                          2008       2007     Change
                                       -------------------------------
Allowance for loan and lease losses
--------------------------------------
Balance at beginning of period          $ 80,942   $ 58,543      38.3%
 Charge-offs                             (47,724)   (19,981)    138.8
 Recoveries                                7,529     10,262     (26.6)
                                        --------------------
  Net charge-offs                        (40,195)    (9,719)     N.M.
 Provision for credit losses              92,890     17,985      N.M.
                                        --------------------
Balance at end of period                $133,637   $ 66,809     100.0
                                        ====================

Allowance as a percentage of period
 end loans and leases                       1.03 %      .58 %
Ratio of allowance to net charge-offs
 (1)                                         1.7 X      3.4 X

Net Charge-offs as a Percentage of
 Average Loans and Leases (1)
--------------------------------------
 Consumer home equity:
  First mortgage lien                        .50 %      .18 %
  Junior lien                               1.02        .40
   Total home equity                         .69        .26
 Total consumer                              .76        .28
 Commercial real estate                      .47        .03
 Commercial business                        1.08        .07
 Leasing and equipment finance               .47        .06
 Residential real estate                     .11        .02
  Total                                      .64        .17

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


 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 June 30, 2008, TCF's allowance for loan and lease losses totaled $133.6 million, or 1.03 percent of loans and leases, compared with $66.8 million, or .58 percent, at June 30, 2007 and $97.4 million, or .77 percent, at March 31, 2008. The provision for credit losses for the second quarter of 2008 was $62.9 million, up from $13.3 million in the second quarter of 2007, primarily due to higher consumer home equity net charge-offs and the resulting portfolio reserve rate increases, and higher reserves and net charge-offs for commercial loans, primarily in Michigan. Home values continued to decline in all of TCF's markets and financial stress on consumers continued to rise, especially in Minnesota and Michigan. These trends adversely impacted consumer loans as the number of credit loss incidents and the average severity of individual losses increased.

Consumer home equity net charge-offs for the second quarter of 2008 were $13.9 million, an increase of $4.9 million from the first quarter of 2008 and up $9.4 million from the second quarter of 2007. The higher net charge-offs were primarily due to the depressed residential real estate market conditions in Minnesota and Michigan. Commercial net charge-offs for the second quarter of 2008 were $8 million, an increase of $7 million from the first quarter of 2008. Commercial net charge-offs in the second quarter of 2008 included $4 million of loans to residential home builders. Leasing and equipment finance net charge-offs for the second quarter of 2008 were $3 million, up $1 million from the first quarter of 2008.

At June 30, 2008, TCF's over-30-day delinquency rate was .94 percent, up from .83 percent at March 31, 2008. TCF's over-90-day delinquency rate was .22 percent, up from .19 percent at March 31, 2008. Non-performing assets, which include non-accrual loans, are reported separately and were $160 million, or .97 percent of total assets, at June 30, 2008, up from $134 million, or .82 percent of total assets, at March 31, 2008. The increase in non-performing assets from March 31, 2008 was primarily due to a $13.6 million increase in consumer home equity non-accrual loans, a $3.1 million increase in commercial non-accrual loans and a $7.3 million increase in real estate owned.

Income Taxes

TCF's income tax expense was $18.9 million for the second quarter of 2008, or 44.3 percent of pre-tax income, compared with $29 million, or 31.9 percent, for the comparable 2007 period. The second quarter of 2008 income tax expense includes a $2.2 million year-to-date increase in income tax expense and a $2.8 million increase in deferred income taxes related to changes in state income taxes, primarily in Minnesota. The second quarter of 2007 income tax expense included a $1.9 million reduction in income tax expense related to favorable developments in uncertain tax positions. Excluding the first quarter of 2008 component of the increase in state income taxes and the increase in deferred income taxes, the 2008 second quarter effective income tax rate would have been 34.5 percent, compared with 33.9 percent for the second quarter of 2007 after excluding the impact of the favorable developments in uncertain tax positions.

Capital

Capital Information                                            Table 9
----------------------------------------------------------------------
At period end
($ in thousands, except per-
 share data)                     2Q                   4Q
                                2008                 2007
                             ----------           ----------
Stockholders' equity         $1,088,301           $1,099,012
Stockholders' equity to
 total assets                      6.61 %               6.88 %
Book value per common share  $     8.60           $     8.68

Risk-based capital
  Tier 1                     $  972,688    8.08 % $  964,467    8.28 %
  Total                       1,307,552   10.86    1,245,808   10.70
  Total stated "well-
   capitalized" requirement   1,203,908   10.00    1,164,829   10.00
  Excess over stated "well-
   capitalized" requirement     103,644     .86       80,979     .70

TCF continues to meet the well capitalized requirements. No repurchases of common stock have been made in 2008.

Website Information

A live webcast of TCF's conference call to discuss second quarter earnings will be hosted at TCF's website, www.tcfbank.com, on July 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 $16.5 billion in total assets. The company has 454 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; 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; lack of or inadequate insurance coverage for claims against 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; heightened regulatory practices, requirements or expectations; 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
                                      June 30,            Change
                                 ------------------ ------------------
                                   2008      2007       $        %
                                 --------- -------- --------- --------
Interest income:
  Loans and leases               $ 208,407 $206,738 $  1,669       .8
  Securities available for sale     28,858   26,665    2,193      8.2
  Education loans held for sale      1,756    3,365   (1,609)   (47.8)
  Investments and other              1,427    1,557     (130)    (8.3)
                                 --------- -------- ---------
    Total interest income          240,448  238,325    2,123       .9
                                 --------- -------- ---------
Interest expense:
  Deposits                          36,954   58,242  (21,288)   (36.6)
  Borrowings                        51,932   42,658    9,274     21.7
                                 --------- -------- ---------
    Total interest expense          88,886  100,900  (12,014)   (11.9)
                                 --------- -------- ---------
      Net interest income          151,562  137,425   14,137     10.3
Provision for credit losses         62,895   13,329   49,566      N.M.
                                 --------- -------- ---------
    Net interest income after
     provision for credit losses    88,667  124,096  (35,429)   (28.5)
                                 --------- -------- ---------
Non-interest income:
  Fees and service charges          67,961   71,728   (3,767)    (5.3)
  Card revenue                      26,828   24,876    1,952      7.8
  ATM revenue                        8,267    9,314   (1,047)   (11.2)
  Investments and insurance
   revenue                           2,977    2,772      205      7.4
                                 --------- -------- ---------
    Subtotal                       106,033  108,690   (2,657)    (2.4)
  Leasing and equipment finance     14,050   15,199   (1,149)    (7.6)
  Other                              1,421    2,993   (1,572)   (52.5)
                                 --------- -------- ---------
    Fees and other revenue         121,504  126,882   (5,378)    (4.2)
  Gains on sales of securities
   available for sale                1,115        -    1,115      N.M.
  Gains on sales of branches and
   real estate                           -    2,723   (2,723)  (100.0)
                                 --------- -------- ---------
    Total non-interest income      122,619  129,605   (6,986)    (5.4)
                                 --------- -------- ---------
Non-interest expense:
  Compensation and employee
   benefits                         84,267   86,707   (2,440)    (2.8)
  Occupancy and equipment           31,205   29,329    1,876      6.4
  Advertising and promotions         7,130    5,586    1,544     27.6
  Other                             41,667   36,531    5,136     14.1
                                 --------- -------- ---------
    Subtotal                       164,269  158,153    6,116      3.9
  Operating lease depreciation       4,460    4,381       79      1.8
                                 --------- -------- ---------
    Total non-interest expense     168,729  162,534    6,195      3.8
                                 --------- -------- ---------
      Income before income tax
       expense                      42,557   91,167  (48,610)   (53.3)
Income tax expense                  18,855   29,038  (10,183)   (35.1)
                                 --------- -------- ---------
      Net income                 $  23,702 $ 62,129 $(38,427)   (61.9)
                                 ========= ======== =========

Net income per common share:
  Basic                          $     .19 $    .49 $   (.30)   (61.2)
  Diluted                              .19      .49     (.30)   (61.2)

Dividends declared per common
 share                           $   .2500 $  .2425 $  .0075      3.1

Average common and common
 equivalent shares outstanding
 (in thousands):
    Basic                          124,797  125,681     (884)     (.7)
    Diluted                        125,117  125,943     (826)     (.7)


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



                                   Six Months Ended
                                       June 30,           Change
                                   ----------------- -----------------
                                     2008     2007       $        %
                                   -------- -------- --------- -------
Interest income:
  Loans and leases                 $420,184 $408,343 $ 11,841     2.9
  Securities available for sale      57,137   51,770    5,367    10.4
  Education loans held for sale       5,208    7,511   (2,303)  (30.7)
  Investments and other               3,069    4,363   (1,294)  (29.7)
                                   -------- -------- ---------
    Total interest income           485,598  471,987   13,611     2.9
                                   -------- -------- ---------
Interest expense:
  Deposits                           85,682  115,397  (29,715)  (25.8)
  Borrowings                        105,525   83,688   21,837    26.1
                                   -------- -------- ---------
    Total interest expense          191,207  199,085   (7,878)   (4.0)
                                   -------- -------- ---------
      Net interest income           294,391  272,902   21,489     7.9
Provision for credit losses          92,890   17,985   74,905     N.M.
                                   -------- -------- ---------
    Net interest income after
     provision for credit losses    201,501  254,917  (53,416)  (21.0)
                                   -------- -------- ---------
Non-interest income:
  Fees and service charges          131,508  133,750   (2,242)   (1.7)
  Card revenue                       51,599   48,137    3,462     7.2
  ATM revenue                        16,237   18,063   (1,826)  (10.1)
  Investments and insurance
   revenue                            6,212    4,950    1,262    25.5
                                   -------- -------- ---------
    Subtotal                        205,556  204,900      656      .3
  Leasing and equipment finance      26,184   29,200   (3,016)  (10.3)
  Other                               2,469    4,946   (2,477)  (50.1)
                                   -------- -------- ---------
    Fees and other revenue          234,209  239,046   (4,837)   (2.0)
  Visa share redemption               8,308        -    8,308     N.M.
  Gains on sales of securities
   available for sale                 7,401        -    7,401     N.M.
  Gains on sales of branches and
   real estate                            -   33,896  (33,896) (100.0)
                                   -------- -------- ---------
    Total non-interest income       249,918  272,942  (23,024)   (8.4)
                                   -------- -------- ---------
Non-interest expense:
  Compensation and employee
   benefits                         172,985  174,800   (1,815)   (1.0)
  Occupancy and equipment            63,618   59,780    3,838     6.4
  Advertising and promotions         13,426   11,567    1,859    16.1
  Other                              78,002   71,846    6,156     8.6
                                   -------- -------- ---------
    Subtotal                        328,031  317,993   10,038     3.2
  Operating lease depreciation        8,974    8,741      233     2.7
                                   -------- -------- ---------
    Total non-interest expense      337,005  326,734   10,271     3.1
                                   -------- -------- ---------
      Income before income tax
       expense                      114,414  201,125  (86,711)  (43.1)
Income tax expense                   43,286   56,272  (12,986)  (23.1)
                                   -------- -------- ---------
      Net income                   $ 71,128 $144,853 $(73,725)  (50.9)
                                   ======== ======== =========

Net income per common share:
  Basic                            $    .57 $   1.14 $   (.57)  (50.0)
  Diluted                               .57     1.14     (.57)  (50.0)

Dividends declared per common
 share                             $   .500 $   .485 $   .015     3.1

Average common and common
 equivalent shares outstanding (in
 thousands):
    Basic                           124,721  126,673   (1,952)   (1.5)
    Diluted                         125,073  126,927   (1,854)   (1.5)


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
                                  June 30,   December 31,   June 30,
                                    2008         2007         2007
                                ------------ ------------ ------------
ASSETS

Cash and due from banks         $   349,817  $   358,188  $   324,421
Investments                         153,550      148,253      110,795
Securities available for sale     2,120,664    1,963,681    1,943,450
Education loans held for sale        24,385      156,135      111,377
Loans and leases:
  Consumer home equity and
   other                          6,919,576    6,590,631    6,201,067
  Commercial real estate          2,727,568    2,557,330    2,354,805
  Commercial business               556,176      558,325      569,105
  Leasing and equipment finance   2,263,431    2,104,343    1,913,628
                                ------------ ------------ ------------
    Subtotal                     12,466,751   11,810,629   11,038,605
  Residential real estate           485,795      527,607      572,619
                                ------------ ------------ ------------
    Total loans and leases       12,952,546   12,338,236   11,611,224
  Allowance for loan and lease
   losses                          (133,637)     (80,942)     (66,809)
                                ------------ ------------ ------------
    Net loans and leases         12,818,909   12,257,294   11,544,415
Premises and equipment, net         441,402      438,452      423,048
Goodwill                            152,599      152,599      152,599
Other assets                        398,797      502,452      367,598
                                ------------ ------------ ------------
      Total assets              $16,460,123  $15,977,054  $14,977,704
                                ============ ============ ============

LIABILITIES AND STOCKHOLDERS'
 EQUITY

Deposits:
  Checking                      $ 4,208,531  $ 4,108,527  $ 4,268,723
  Savings                         2,917,288    2,636,820    2,446,942
  Money market                      609,915      576,667      615,940
                                ------------ ------------ ------------
    Subtotal                      7,735,734    7,322,014    7,331,605
  Certificates of deposit         2,410,388    2,254,535    2,511,090
                                ------------ ------------ ------------
    Total deposits               10,146,122    9,576,549    9,842,695
                                ------------ ------------ ------------
Short-term borrowings               411,802      556,070      285,828
Long-term borrowings              4,515,997    4,417,378    3,568,997
                                ------------ ------------ ------------
    Total borrowings              4,927,799    4,973,448    3,854,825
Accrued expenses and other
 liabilities                        297,901      328,045      279,152
                                ------------ ------------ ------------
    Total liabilities            15,371,822   14,878,042   13,976,672
                                ------------ ------------ ------------
Stockholders' equity:
  Common stock, par value $.01
   per share, 280,000,000
   shares authorized;
   131,057,353; 131,468,699 and
   131,500,734 shares issued          1,310        1,315        1,315
  Additional paid-in capital        345,668      354,563      352,674
  Retained earnings, subject to
   certain restrictions             935,378      926,875      866,104
  Accumulated other
   comprehensive loss               (36,986)     (18,055)     (62,631)

  Treasury stock at cost,
   4,576,330; 4,866,480 and
   4,545,780 shares, and other     (157,069)    (165,686)    (156,430)
                                ------------ ------------ ------------
      Total stockholders'
       equity                     1,088,301    1,099,012    1,001,032
                                ------------ ------------ ------------
      Total liabilities and
       stockholders' equity     $16,460,123  $15,977,054  $14,977,704
                                ============ ============ ============



                                                  % Change from
                                            -------------------------
                                            December 31,   June 30,
                                                2007         2007
                                            ------------  -----------
ASSETS

Cash and due from banks                            (2.3)%        7.8 %
Investments                                         3.6         38.6
Securities available for sale                       8.0          9.1
Education loans held for sale                     (84.4)       (78.1)
Loans and leases:
  Consumer home equity and other                    5.0         11.6
  Commercial real estate                            6.7         15.8
  Commercial business                               (.4)        (2.3)
  Leasing and equipment finance                     7.6         18.3
    Subtotal                                        5.6         12.9
  Residential real estate                          (7.9)       (15.2)
    Total loans and leases                          5.0         11.6
  Allowance for loan and lease losses             (65.1)      (100.0)
    Net loans and leases                            4.6         11.0
Premises and equipment, net                          .7          4.3
Goodwill                                              -            -
Other assets                                      (20.6)         8.5
      Total assets                                  3.0          9.9

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
  Checking                                          2.4         (1.4)
  Savings                                          10.6         19.2
  Money market                                      5.8         (1.0)
    Subtotal                                        5.7          5.5
  Certificates of deposit                           6.9         (4.0)
    Total deposits                                  5.9          3.1
Short-term borrowings                             (25.9)        44.1
Long-term borrowings                                2.2         26.5
    Total borrowings                                (.9)        27.8
Accrued expenses and other liabilities             (9.2)         6.7
    Total liabilities                               3.3         10.0
Stockholders' equity:
  Common stock, par value $.01 per share,
   280,000,000 shares authorized;
   131,057,353; 131,468,699 and
   131,500,734 shares issued                        (.4)         (.4)
  Additional paid-in capital                       (2.5)        (2.0)
  Retained earnings, subject to certain
   restrictions                                      .9          8.0
  Accumulated other comprehensive loss           (104.9)        40.9

  Treasury stock at cost, 4,576,330;
   4,866,480 and 4,545,780 shares, and
   other                                            5.2          (.4)
      Total stockholders' equity                   (1.0)         8.7
      Total liabilities and stockholders'
       equity                                       3.0          9.9
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
                         CREDIT QUALITY DATA
                        (Dollars in thousands)
                             (Unaudited)



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

                                At June 30, 2008   At March 31, 2008
                               ------------------  ------------------
                                   Allowance           Allowance
                                          % of                % of
                               Balance  Portfolio  Balance  Portfolio
                               -------- ---------  -------  ---------
  Consumer home equity         $ 71,343      1.04% $38,891        .58%
  Consumer other                  2,461      3.59    1,893       3.07
                               --------            -------
    Total consumer home equity
     and other                   73,804      1.07   40,784        .60
  Commercial real estate         34,790      1.28   33,051       1.27
  Commercial business             7,733      1.39    6,912       1.29
  Leasing and equipment
   finance                       16,619       .73   15,942        .73
  Residential real estate           691       .14      701        .14
                               --------            -------
    Total                      $133,637      1.03  $97,390        .77
                               ========            =======



Allowance for loan and
 lease losses
-----------------------
                                              Allowance as % of
                                                   Portfolio
                          At June 30, 2007        Change from
                         ------------------  ---------------------
                             Allowance
                                    % of     Mar. 31,     Jun. 30,
                         Balance  Portfolio    2008         2007
                         -------  ---------  ---------    ---------
  Consumer home equity   $18,569        .30%       46 bps       74 bps
  Consumer other           2,055       3.16        52           43
                         -------
    Total consumer home
     equity and other     20,624        .33        47           74
  Commercial real
   estate                 23,410        .99         1           29
  Commercial business      8,471       1.49        10          (10)
  Leasing and equipment
   finance                13,784        .72         -            1
  Residential real
   estate                    520        .09         -            5
                         -------
    Total                $66,809        .58        26           45
                         =======



Net Charge-Offs                        Quarter Ended
--------------------- ------------------------------------------------
                      Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,  Jun. 30,
                        2008      2008      2007      2007      2007
                      --------  --------  --------  --------  --------
  Consumer home
   equity
    First mortgage
     lien              $ 6,692   $ 4,040   $ 3,130   $ 2,656    $2,137
    Junior lien          7,205     4,973     3,585     3,231     2,364
                      --------  --------  --------  --------  --------
      Total consumer
       home equity      13,897     9,013     6,715     5,887     4,501
  Consumer other         1,525     1,195     2,379     3,269     1,075
                      --------  --------  --------  --------  --------
    Total consumer
     home equity and
     other              15,422    10,208     9,094     9,156     5,576
  Commercial real
   estate                5,736       466     1,987        19         -
  Commercial business    2,308       597       430       627        43
  Leasing and
   equipment finance     3,071     2,105     2,234     1,164     1,362
  Residential real
   estate                  111       171        69        94        22
                      --------  --------  --------  --------  --------
    Total              $26,648   $13,547   $13,814   $11,060    $7,003
                      ========  ========  ========  ========  ========



Net Charge-Offs                                       Change from
------------------------------------------------   ------------------
                                                   Mar. 31,  Jun. 30,
                                                     2008      2007
                                                   --------  --------
  Consumer home equity
    First mortgage lien                            $ 2,652   $ 4,555
    Junior lien                                      2,232     4,841
                                                   --------  --------
      Total consumer home equity                     4,884     9,396
  Consumer other                                       330       450
                                                   --------  --------
    Total consumer home equity and other             5,214     9,846
  Commercial real estate                             5,270     5,736
  Commercial business                                1,711     2,265
  Leasing and equipment finance                        966     1,709
  Residential real estate                              (60)       89
                                                   --------  --------
    Total                                          $13,101   $19,645
                                                   ========  ========



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

                                    Quarter Ended (1)
                     ------------------------------------------------
                     Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,  Jun. 30,
                       2008      2008      2007      2007      2007
                     --------  --------  --------  --------  --------
  Consumer home
   equity
    First mortgage
     lien                 .61%      .38%      .30%      .27%      .22%
    Junior lien          1.19       .84       .62       .58       .44
      Total consumer
       home equity        .82       .55       .42       .38       .30
  Total consumer          .90       .62       .56       .59       .37
  Commercial real
   estate                 .86       .07       .33         -         -
  Commercial
   business              1.74       .44       .30       .44       .03
  Leasing and
   equipment finance      .55       .39       .45       .24       .29
  Residential real
   estate                 .09       .13       .05       .07       .01
    Total                 .84       .44       .46       .38       .24



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

                                                  Change from
                                             ---------------------
                                             Mar. 31,     Jun. 30,
                                               2008         2007
                                             ---------    ---------
  Consumer home equity
    First mortgage lien                            23 bps       39 bps
    Junior lien                                    35           75
      Total consumer home equity                   27           52
  Total consumer                                   28           53
  Commercial real estate                           79           86
  Commercial business                             130          171
  Leasing and equipment finance                    16           26
  Residential real estate                          (4)           8
    Total                                          40           60



Non-performing
 assets                 At        At        At        At        At
--------------------
                     Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,  Jun. 30,
                       2008      2008      2007      2007      2007
                     --------  --------  --------  --------  --------
  Non-accrual loans
   and leases:
    Consumer home
     equity
      First mortgage
       lien          $ 39,780  $ 28,412  $ 20,776   $13,794   $11,309
      Junior lien       9,654     7,434     5,391     4,610     4,563
                     --------  --------  --------  --------  --------
        Total
         consumer
         home equity   49,434    35,846    26,167    18,404    15,872
    Consumer other        287        13         6        11        29
                     --------  --------  --------  --------  --------
      Total consumer
       home equity
       and other       49,721    35,859    26,173    18,415    15,901
    Commercial real
     estate            38,404    34,300    19,999    13,824    11,746
    Commercial
     business           1,306     2,350     2,658     2,686     3,337
    Leasing and
     equipment
     finance           12,820    10,726     8,050     9,177     6,886
    Residential real
     estate             2,996     2,991     2,974     3,133     2,521
                     --------  --------  --------  --------  --------
      Total non-
       accrual loans
       and leases     105,247    86,226    59,854    47,235    40,391
  Other real estate
   owned:
    Residential real
     estate            35,269    30,415    28,752    28,444    30,111
    Commercial real
     estate            19,843    17,400    17,013    14,566    14,702
                     --------  --------  --------  --------  --------
      Total other
       real estate
       owned           55,112    47,815    45,765    43,010    44,813
                     --------  --------  --------  --------  --------
    Total non-
     performing
     assets          $160,359  $134,041  $105,619   $90,245   $85,204
                     ========  ========  ========  ========  ========

  Non-performing
   assets as a
   percentage of net
   loans and leases      1.25%     1.07%      .86%      .76%      .74%




Non-performing assets                             Change from
-------------------------------------------  ---------------------
                                             Mar. 31,     Jun. 30,
                                               2008         2007
                                             ---------    ---------
  Non-accrual loans and leases:
    Consumer home equity
      First mortgage lien                     $11,368      $28,471
      Junior lien                               2,220        5,091
                                             ---------    ---------
        Total consumer home equity             13,588       33,562
    Consumer other                                274          258
                                             ---------    ---------
      Total consumer home equity and other     13,862       33,820
    Commercial real estate                      4,104       26,658
    Commercial business                        (1,044)      (2,031)
    Leasing and equipment finance               2,094        5,934
    Residential real estate                         5          475
                                             ---------    ---------
      Total non-accrual loans and leases       19,021       64,856
  Other real estate owned:
    Residential real estate                     4,854        5,158
    Commercial real estate                      2,443        5,141
                                             ---------    ---------
      Total other real estate owned             7,297       10,299
                                             ---------    ---------
    Total non-performing assets               $26,318      $75,155
                                             =========    =========

  Non-performing assets as a percentage of
   net loans and leases                            18 bps       51 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
                     Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,  Jun. 30,
                       2008      2008      2007      2007      2007
                     --------  --------  --------  --------  --------
  30 days or more:
  Consumer home
   equity
    First mortgage
     lien            $ 51,081  $ 50,097  $ 31,784  $ 27,957  $ 19,288
    Junior lien        14,818    15,378    12,289    11,185     8,709
                     --------  --------  --------  --------  --------
      Total consumer
       home equity     65,899    65,475    44,073    39,142    27,997
  Consumer other          437       342       377       416       272
                     --------  --------  --------  --------  --------
    Total consumer
     home equity and
     other             66,336    65,817    44,450    39,558    28,269
  Commercial real
   estate              17,877     7,888    11,382     7,140    10,739
  Commercial
   business             2,167       527     1,071     2,653       183
  Leasing and
   equipment finance   21,982    19,956    15,691    15,651    11,016
  Residential real
   estate              12,461    10,149     9,983     9,567     8,480
                     --------  --------  --------  --------  --------
    Total 30 days or
     more            $120,823  $104,337  $ 82,577  $ 74,569  $ 58,687
                     ========  ========  ========  ========  ========

    Total 90 days or
     more and still
     accruing        $ 28,180  $ 23,538  $ 15,384  $ 13,887  $ 20,754



Delinquency data - principal balances (1)
-----------------------------------------------
                                                     Change from
                                                 -------------------
                                                 Mar. 31,   Jun. 30,
                                                   2008       2007
                                                 --------   --------
  30 days or more:
  Consumer home equity
    First mortgage lien                          $   984    $ 31,793
    Junior lien                                     (560)      6,109
                                                 --------   --------
      Total consumer home equity                     424      37,902
  Consumer other                                      95         165
                                                 --------   --------
    Total consumer home equity and other             519      38,067
  Commercial real estate                           9,989       7,138
  Commercial business                              1,640       1,984
  Leasing and equipment finance                    2,026      10,966
  Residential real estate                          2,312       3,981
                                                 --------   --------
    Total 30 days or more                        $16,486    $ 62,136
                                                 ========   ========

    Total 90 days or more and still accruing     $ 4,642    $  7,426


Delinquency data - %
 of portfolio (1)
--------------------
                        At        At        At        At        At
                     Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,  Jun. 30,
                       2008      2008      2007      2007      2007
                     --------  --------  --------  --------  --------
  30 days or more:
  Consumer home
   equity
    First mortgage
     lien                1.17%     1.17%      .76%      .69%      .50%
    Junior lien           .61       .64       .53       .50       .40
      Total consumer
       home equity        .97       .98       .68       .62       .46
  Consumer other          .64       .55       .56       .62       .42
    Total consumer
     home equity and
     other                .97       .98       .68       .62       .46
  Commercial real
   estate                 .66       .31       .45       .30       .46
  Commercial
   business               .39       .10       .19       .46       .03
  Leasing and
   equipment finance      .98       .92       .75       .80       .58
  Residential real
   estate                2.58      2.02      1.90      1.76      1.49
    Total 30 days or
     more                 .94       .83       .67       .63       .51

    Total 90 days or
     more and still
     accruing             .22       .19       .12       .12       .18


Delinquency data - % of portfolio (1)
-------------------------------------------
                                                  Change from
                                             ---------------------
                                             Mar. 31,     Jun. 30,
                                               2008         2007
                                             --------     --------
  30 days or more:
  Consumer home equity
    First mortgage lien                            -  bps       67 bps
    Junior lien                                   (3)           21
      Total consumer home equity                  (1)           51
  Consumer other                                   9            22
    Total consumer home equity and other          (1)           51
  Commercial real estate                          35            20
  Commercial business                             29            36
  Leasing and equipment finance                    6            40
  Residential real estate                         56           109
    Total 30 days or more                         11            43

    Total 90 days or more and still accruing       3             4


Potential Problem
 Loans and Leases
 (2)
--------------------
                        At        At        At        At        At
                     Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,  Jun. 30,
                       2008      2008      2007      2007      2007
                     --------  --------  --------  --------  --------
  Consumer home
   equity (3)        $ 24,722  $ 15,120   $ 4,861   $ 1,102   $     -
  Commercial real
   estate             100,288    36,172    31,511    42,277    35,956
  Commercial
   business            49,809    34,787     8,695     8,764     8,557
  Leasing and
   equipment finance   16,967    16,010    15,015    14,109    12,022
                     --------  --------  --------  --------  --------
                     $191,786  $102,089   $60,082   $66,252   $56,535
                     ========  ========  ========  ========  ========


Potential Problem Loans and Leases (2)
-----------------------------------------------
                                                     Change from
                                                 -------------------
                                                 Mar. 31,   Jun. 30,
                                                   2008       2007
                                                 --------   --------
  Consumer home equity (3)                       $ 9,602    $ 24,722
  Commercial real estate                          64,116      64,332
  Commercial business                             15,022      41,252
  Leasing and equipment finance                      957       4,945
                                                 --------   --------
                                                 $89,697    $135,251
                                                 ========   ========


(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 June 30,
                            ------------------------------------------
                                          2008
                            --------------------------------
                              Average            Yields and
                              Balance   Interest Rates (1)
                            ----------- -------- ----------

ASSETS

  Investments and other     $   148,366 $  1,427       3.86%
  Securities available for
   sale                       2,184,580   28,858       5.28
  Education loans held for
   sale                         123,457    1,756       5.72
  Loans and leases:
   Consumer home equity:
    Fixed-rate                5,084,761   86,279       6.82
    Variable-rate             1,702,825   26,501       6.26
   Consumer - other              46,492      994       8.60
                            ----------- --------
     Total consumer home
      equity and other        6,834,078  113,774       6.70
   Commercial real estate:
    Fixed- and adjustable-
     rate                     2,062,983   31,868       6.21
    Variable-rate               593,409    7,436       5.04
                            ----------- --------
     Total commercial real
      estate                  2,656,392   39,304       5.95
   Commercial business:
    Fixed- and adjustable-
     rate                       157,740    2,433       6.20
    Variable-rate               371,730    4,493       4.86
                            ----------- --------
     Total commercial
      business                  529,470    6,926       5.26
   Leasing and equipment
    finance                   2,229,467   41,145       7.38
                            ----------- --------
    Subtotal                 12,249,407  201,149       6.60
   Residential real estate      496,367    7,258       5.86
                            ----------- --------
    Total loans and leases   12,745,774  208,407       6.57
                            ----------- --------
                                                          -
     Total interest-earning
      assets                 15,202,177  240,448       6.35
                            ----------- --------

  Other assets                1,171,677
                            -----------

   Total assets             $16,373,854
                            ===========

LIABILITIES AND
 STOCKHOLDERS' EQUITY

  Non-interest bearing
   deposits:
   Retail                   $ 1,464,237
   Small business               577,510
   Commercial and custodial     238,779
                            -----------
    Total non-interest
     bearing deposits         2,280,526
  Interest-bearing
   deposits:
   Premier checking             989,512    2,279       0.93
   Other checking               894,436      510       0.23
                            ----------- --------
    Subtotal                  1,883,948    2,789       0.60
   Premier savings            1,518,703    8,294       2.20
   Other savings              1,365,141    2,360       0.70
                            ----------- --------
    Subtotal                  2,883,844   10,654       1.49
   Money market                 609,369    2,192       1.45
                            ----------- --------
    Subtotal                  5,377,161   15,635       1.17
   Certificates of deposit    2,471,216   21,319       3.47
                            ----------- --------
    Total interest-bearing
     deposits                 7,848,377   36,954       1.89
                            ----------- --------
                                                          -
     Total deposits          10,128,903   36,954       1.47
                            ----------- --------
                                                          -
  Borrowings:
   Short-term borrowings        363,302    1,977       2.19
   Long-term borrowings       4,419,821   49,955       4.54
                            ----------- --------
     Total borrowings         4,783,123   51,932       4.37
                            ----------- --------

   Total deposits and
    borrowings               14,912,026   88,886       2.40
                            ----------- --------

  Other liabilities             355,187
                            -----------

   Total liabilities         15,267,213

  Stockholders' equity        1,106,641
                            -----------


   Total liabilities and
    stockholders' equity    $16,373,854
                            ===========


Net interest income and
 margin                                 $151,562       4.00%
                                        ======== ==========


                                        Three Months Ended June 30,
                                     ---------------------------------
                                                    2007
                                     ---------------------------------
                                        Average            Yields and
                                        Balance   Interest Rates (1)
                                     ------------ -------- ----------

ASSETS

  Investments and other               $   130,977 $  1,557       4.77%
  Securities available for sale         1,967,524   26,665       5.42
  Education loans held for sale           153,566    3,365       8.79
  Loans and leases:
   Consumer home equity:
    Fixed-rate                          4,614,322   80,127       6.97
    Variable-rate                       1,421,390   31,181       8.80
   Consumer - other                        41,708    1,057      10.16
                                     ------------ --------
     Total consumer home equity and
      other                             6,077,420  112,365       7.42
   Commercial real estate:
    Fixed- and adjustable-rate          1,750,690   28,036       6.42
    Variable-rate                         598,918   11,685       7.83
                                     ------------ --------
     Total commercial real estate       2,349,608   39,721       6.78
   Commercial business:
    Fixed- and adjustable-rate            165,780    2,675       6.47
    Variable-rate                         391,354    7,317       7.50
                                     ------------ --------
     Total commercial business            557,134    9,992       7.19
   Leasing and equipment finance        1,879,958   36,069       7.67
                                     ------------ --------
    Subtotal                           10,864,120  198,147       7.31
   Residential real estate                587,400    8,591       5.85
                                     ------------ --------
    Total loans and leases             11,451,520  206,738       7.24
                                     ------------ --------

     Total interest-earning assets     13,703,587  238,325       6.97
                                     ------------ --------

  Other assets                          1,148,033
                                     ------------

   Total assets                       $14,851,620
                                     ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                             $ 1,492,429
   Small business                         586,711
   Commercial and custodial               199,226
                                     ------------
    Total non-interest bearing
     deposits                           2,278,366
  Interest-bearing deposits:
   Premier checking                     1,070,397    7,943       2.98
   Other checking                         834,405      729       0.35
                                     ------------ --------
    Subtotal                            1,904,802    8,672       1.83
   Premier savings                      1,109,341   11,672       4.22
   Other savings                        1,300,857    3,733       1.15
                                     ------------ --------
    Subtotal                            2,410,198   15,405       2.56
   Money market                           604,217    4,355       2.89
                                     ------------ --------
    Subtotal                            4,919,217   28,432       2.32
   Certificates of deposit              2,525,886   29,810       4.73
                                     ------------ --------
    Total interest-bearing deposits     7,445,103   58,242       3.14
                                     ------------ --------

     Total deposits                     9,723,469   58,242       2.40
                                     ------------ --------

  Borrowings:
   Short-term borrowings                  196,169    2,553       5.22
   Long-term borrowings                 3,566,883   40,105       4.51
                                     ------------ --------
     Total borrowings                   3,763,052   42,658       4.55
                                     ------------ --------

   Total deposits and borrowings       13,486,521  100,900       3.00
                                     ------------ --------

  Other liabilities                       336,676
                                     ------------

   Total liabilities                   13,823,197

  Stockholders' equity                  1,028,423
                                     ------------


   Total liabilities and
    stockholders' equity              $14,851,620
                                     ============


Net interest income and margin                    $137,425       4.02%
                                                  ======== ==========


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



                                    Six Months Ended June 30,
                            ------------------------------------------
                                         2008
                            -------------------------------
                              Average            Yields and
                              Balance   Interest Rates (1)
                            ----------- -------- ----------

ASSETS

  Investments and other     $   149,513 $  3,069       4.12%
  Securities available for
   sale                       2,162,765   57,137       5.28
  Education loans held for
   sale                         169,445    5,208       6.18
  Loans and leases:
   Consumer home equity:
    Fixed-rate                5,034,086  172,217       6.88
    Variable-rate             1,652,929   54,695       6.65
   Consumer - other              45,250    1,974       8.77
                            ----------- --------
     Total consumer home
      equity and other        6,732,265  228,886       6.84
   Commercial real estate:
    Fixed- and adjustable-
     rate                     2,019,163   63,112       6.29
    Variable-rate               592,240   16,214       5.51
                            ----------- --------
     Total commercial real
      estate                  2,611,403   79,326       6.11
   Commercial business:
    Fixed- and adjustable-
     rate                       167,715    5,188       6.22
    Variable-rate               368,864    9,866       5.38
                            ----------- --------
     Total commercial
      business                  536,579   15,054       5.64
   Leasing and equipment
    finance                   2,185,081   82,078       7.51
                            ----------- --------
    Subtotal                 12,065,328  405,344       6.75
   Residential real estate      507,079   14,840       5.86
                            ----------- --------
    Total loans and leases   12,572,407  420,184       6.71
                            ----------- --------

     Total interest-earning
      assets                 15,054,130  485,598       6.48
                            ----------- --------

  Other assets                1,200,324
                            -----------

   Total assets             $16,254,454
                            ===========

LIABILITIES AND
 STOCKHOLDERS' EQUITY

  Non-interest bearing
   deposits:
   Retail                   $ 1,439,810
   Small business               571,329
   Commercial and custodial     219,701
                            -----------
    Total non-interest
     bearing deposits         2,230,840
  Interest-bearing
   deposits:
   Premier checking             999,157    6,336       1.28
   Other checking               866,120    1,184       0.27
                            ----------- --------
    Subtotal                  1,865,277    7,520       0.81
   Premier savings            1,496,350   20,075       2.70
   Other savings              1,308,096    5,367       0.83
                            ----------- --------
    Subtotal                  2,804,446   25,442       1.82
   Money market                 599,380    5,164       1.73
                            ----------- --------
    Subtotal                  5,269,103   38,126       1.46
   Certificates of deposit    2,485,789   47,556       3.84
                            ----------- --------
    Total interest-bearing
     deposits                 7,754,892   85,682       2.22
                            ----------- --------

     Total deposits           9,985,732   85,682       1.73
                            ----------- --------

  Borrowings:
   Short-term borrowings        381,162    5,587       2.95
   Long-term borrowings       4,417,226   99,938       4.55
                            ----------- --------
     Total borrowings         4,798,388  105,525       4.42
                            ----------- --------

   Total deposits and
    borrowings               14,784,120  191,207       2.60
                            ----------- --------

  Other liabilities             363,429
                            -----------

   Total liabilities         15,147,549

  Stockholders' equity        1,106,905
                            -----------

   Total liabilities and
     stockholders' equity   $16,254,454
                            ===========


Net interest income and
 margin                                 $294,391       3.92%
                                        ======== ==========


                                         Six Months Ended June 30,
                                     ---------------------------------
                                                   2007
                                     --------------------------------
                                        Average            Yields and
                                        Balance   Interest Rates (1)
                                     ------------ -------- ----------

ASSETS

  Investments and other               $   180,839 $  4,363       4.86%
  Securities available for sale         1,914,723   51,770       5.41
  Education loans held for sale           177,611    7,511       8.53
  Loans and leases:
   Consumer home equity:
    Fixed-rate                          4,545,305  156,803       6.96
    Variable-rate                       1,431,933   62,589       8.81
   Consumer - other                        41,780    2,078      10.03
                                     ------------ --------
     Total consumer home equity and
      other                             6,019,018  221,470       7.42
   Commercial real estate:
    Fixed- and adjustable-rate          1,741,713   55,272       6.40
    Variable-rate                         621,855   23,966       7.77
                                     ------------ --------
     Total commercial real estate       2,363,568   79,238       6.76
   Commercial business:
    Fixed- and adjustable-rate            164,405    5,281       6.48
    Variable-rate                         391,234   14,564       7.51
                                     ------------ --------
     Total commercial business            555,639   19,845       7.20
   Leasing and equipment finance        1,859,077   70,316       7.56
                                     ------------ --------
    Subtotal                           10,797,302  390,869       7.29
   Residential real estate                601,109   17,474       5.82
                                     ------------ --------
    Total loans and leases             11,398,411  408,343       7.21
                                     ------------ --------

     Total interest-earning assets     13,671,584  471,987       6.95
                                     ------------ --------

  Other assets                          1,149,249
                                     ------------

   Total assets                       $14,820,833
                                     ============

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
   Retail                             $ 1,512,180
   Small business                         591,559
   Commercial and custodial               200,534
                                     ------------
    Total non-interest bearing
     deposits                           2,304,273
  Interest-bearing deposits:
   Premier checking                     1,071,940   16,149       3.04
   Other checking                         829,486    1,263        .31
                                     ------------ --------
    Subtotal                            1,901,426   17,412       1.85
   Premier savings                      1,089,809   22,991       4.25
   Other savings                        1,307,627    7,327       1.13
                                     ------------ --------
    Subtotal                            2,397,436   30,318       2.55
   Money market                           607,235    8,704       2.89
                                     ------------ --------
    Subtotal                            4,906,097   56,434       2.32
   Certificates of deposit              2,519,895   58,963       4.71
                                     ------------ --------
    Total interest-bearing deposits     7,425,992  115,397       3.13
                                     ------------ --------

     Total deposits                     9,730,265  115,397       2.39
                                     ------------ --------

  Borrowings:
   Short-term borrowings                  142,347    3,725       5.28
   Long-term borrowings                 3,582,869   79,963       4.50
                                     ------------ --------
     Total borrowings                   3,725,216   83,688       4.53
                                     ------------ --------

   Total deposits and borrowings       13,455,481  199,085       2.98
                                     ------------ --------

  Other liabilities                       333,536
                                     ------------

   Total liabilities                   13,789,017

  Stockholders' equity                  1,031,816
                                     ------------

   Total liabilities and
     stockholders' equity             $14,820,833
                                     ============


Net interest income and margin                    $272,902       4.01%
                                                  ========


(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
                         --------------------------------------------
                         Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
                           2008     2008     2007     2007     2007
                         -------- -------- -------- -------- --------
Interest income:
 Loans and leases        $208,407 $211,777 $215,082 $213,528 $206,738
 Securities available
  for sale                 28,858   28,279   29,372   28,439   26,665
 Education loans held
  for sale                  1,756    3,452    3,153    2,588    3,365
 Investments and other      1,427    1,642    1,595    2,279    1,557
                         -------- -------- -------- -------- --------
  Total interest income   240,448  245,150  249,202  246,834  238,325
                         -------- -------- -------- -------- --------
Interest expense:
 Deposits                  36,954   48,728   54,788   60,440   58,242
 Borrowings                51,932   53,593   54,843   48,690   42,658
                         -------- -------- -------- -------- --------
  Total interest expense   88,886  102,321  109,631  109,130  100,900
                         -------- -------- -------- -------- --------
   Net interest income    151,562  142,829  139,571  137,704  137,425
Provision for credit
 losses                    62,895   29,995   20,124   18,883   13,329
                         -------- -------- -------- -------- --------
  Net interest income
   after provision for
   credit losses           88,667  112,834  119,447  118,821  124,096
                         -------- -------- -------- -------- --------
Non-interest income:
 Fees and service
  charges                  67,961   63,547   72,331   71,965   71,728
 Card revenue              26,828   24,771   25,058   25,685   24,876
 ATM revenue                8,267    7,970    8,306    9,251    9,314
 Investments and
  insurance revenue         2,977    3,235    2,736    2,632    2,772
                         -------- -------- -------- -------- --------
  Subtotal                106,033   99,523  108,431  109,533  108,690
 Leasing and equipment
  finance                  14,050   12,134   14,841   15,110   15,199
 Other                      1,421    1,048    1,573    1,751    2,993
                         -------- -------- -------- -------- --------
  Fees and other revenue  121,504  112,705  124,845  126,394  126,882
 Visa share redemption          -    8,308        -        -        -
 Gains on sales of
  securities available
  for sale                  1,115    6,286   11,261    2,017        -
 Gains on sales of
  branches and real
  estate                        -        -    2,752    1,246    2,723
                         -------- -------- -------- -------- --------
   Total non-interest
    income                122,619  127,299  138,858  129,657  129,605
                         -------- -------- -------- -------- --------
Non-interest expense:
 Compensation and
  employee benefits        84,267   88,718   86,555   85,113   86,707
 Occupancy and equipment   31,205   32,413   30,818   30,226   29,329
 Advertising and
  promotions                7,130    6,296    4,632    5,480    5,586
 Other                     41,667   36,335   46,087   37,632   36,531
                         -------- -------- -------- -------- --------
  Subtotal                164,269  163,762  168,092  158,451  158,153
 Operating lease
  depreciation              4,460    4,514    4,521    4,326    4,381
                         -------- -------- -------- -------- --------
  Total non-interest
   expense                168,729  168,276  172,613  162,777  162,534
                         -------- -------- -------- -------- --------
   Income before income
    tax expense            42,557   71,857   85,692   85,701   91,167
Income tax expense         18,855   24,431   22,875   26,563   29,038
                         -------- -------- -------- -------- --------
  Net income             $ 23,702 $ 47,426 $ 62,817 $ 59,138 $ 62,129
                         ======== ======== ======== ======== ========

Net income per common
 share:
 Basic                   $    .19 $    .38 $    .51 $    .48 $    .49
 Diluted                      .19      .38      .50      .48      .49

Dividends declared per
 common share            $  .2500 $  .2500 $  .2425 $  .2425 $  .2425

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

Return on average assets
 (1)                         0.58%    1.18%    1.60%    1.55%    1.67%
Return on average common
 equity (1)                  8.57    17.08    23.55    23.39    24.16
Net interest margin (1)      4.00     3.84     3.83     3.90     4.02
Net charge-offs as a
 percentage of average
 loans and leases (1)         .84      .44      .46      .38      .24
Average total equity to
 average assets              6.76     6.88     6.79     6.64     6.92

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



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

ASSETS

Cash and due from banks        $   280,606  $   304,441  $   310,010
Investments and other              148,366      150,659      147,058
Securities available for sale    2,184,580    2,140,951    2,187,068
Education loans held for sale      123,457      215,434      153,146
Loans and leases:
  Consumer home equity:
    Fixed-rate                   5,084,761    4,983,410    4,889,304
    Variable-rate                1,702,825    1,603,032    1,522,244
  Consumer - other                  46,492       44,008       45,294
                               ------------ ------------ ------------
     Total consumer home
      equity and other           6,834,078    6,630,450    6,456,842
  Commercial real estate:
    Fixed- and adjustable-rate   2,062,983    1,975,344    1,839,817
    Variable-rate                  593,409      591,071      605,195
                               ------------ ------------ ------------
     Total commercial real
      estate                     2,656,392    2,566,415    2,445,012
  Commercial business:
    Fixed- and adjustable-rate     157,740      177,691      179,525
    Variable-rate                  371,730      365,997      395,356
                               ------------ ------------ ------------
     Total commercial business     529,470      543,688      574,881
  Leasing and equipment
   finance                       2,229,467    2,140,695    2,005,889
                               ------------ ------------ ------------
    Subtotal                    12,249,407   11,881,248   11,482,624
  Residential real estate          496,367      517,791      537,449
                               ------------ ------------ ------------
    Total loans and leases      12,745,774   12,399,039   12,020,073
  Allowance for loan and lease
   losses                         (102,126)     (84,048)     (77,072)
                               ------------ ------------ ------------
    Net loans and leases        12,643,648   12,314,991   11,943,001
Premises and equipment             442,016      440,516      435,426
Goodwill                           152,599      152,599      152,599
Other assets                       398,582      415,462      377,464
                               ------------ ------------ ------------
                               $16,373,854  $16,135,053  $15,705,772
                               ============ ============ ============

LIABILITIES AND STOCKHOLDERS'
 EQUITY

Non-interest-bearing deposits:
  Retail                       $ 1,464,237  $ 1,415,379  $ 1,348,202
  Small business                   577,510      565,148      600,491
  Commercial and custodial         238,779      200,624      201,161
                               ------------ ------------ ------------
    Total non-interest bearing
     deposits                    2,280,526    2,181,151    2,149,854
Interest-bearing deposits:
  Premier checking                 989,512    1,008,802    1,026,408
  Other checking                   894,436      837,804      816,512
                               ------------ ------------ ------------
    Subtotal                     1,883,948    1,846,606    1,842,920
  Premier savings                1,518,703    1,473,997    1,353,638
  Other savings                  1,365,141    1,251,053    1,229,808
                               ------------ ------------ ------------
    Subtotal                     2,883,844    2,725,050    2,583,446
  Money market                     609,369      589,392      598,483
                               ------------ ------------ ------------
    Subtotal                     5,377,161    5,161,048    5,024,849
  Certificates of deposit        2,471,216    2,500,362    2,307,411
                               ------------ ------------ ------------
    Total interest-bearing
     deposits                    7,848,377    7,661,410    7,332,260
                               ------------ ------------ ------------
     Total deposits             10,128,903    9,842,561    9,482,114
                               ------------ ------------ ------------
Borrowings:
  Short-term borrowings            363,302      399,023      450,027
  Long-term borrowings           4,419,821    4,414,630    4,340,891
                               ------------ ------------ ------------
    Total borrowings             4,783,123    4,813,653    4,790,918
Accrued expenses and other
 liabilities                       355,187      368,216      365,888
                               ------------ ------------ ------------
    Total liabilities           15,267,213   15,024,430   14,638,920
                               ------------ ------------ ------------
Stockholders' equity:
  Common stock                       1,311        1,312        1,315
  Additional paid-in capital       347,043      351,447      353,365
  Retained earnings                935,184      926,497      901,799
  Accumulated other
   comprehensive loss              (19,748)      (5,715)     (24,229)
  Treasury stock at cost and
   other                          (157,149)    (162,918)    (165,398)
                               ------------ ------------ ------------
                                 1,106,641    1,110,623    1,066,852
                               ------------ ------------ ------------
                               $16,373,854  $16,135,053  $15,705,772
                               ============ ============ ============

Supplemental Information:
------------------------------
Securities available for sale  $ 2,184,580  $ 2,140,951  $ 2,187,068
Residential real estate loans      496,367      517,791      537,449
                               ------------ ------------ ------------
  Total securities available
   for sale and residential
   real estate loans           $ 2,680,947  $ 2,658,742  $ 2,724,517
                               ============ ============ ============



                                               Sep. 30,     Jun. 30,
                                                 2007         2007
                                             ------------ ------------

ASSETS

Cash and due from banks                      $   309,596  $   297,231
Investments and other                            203,406      130,977
Securities available for sale                  2,078,155    1,967,524
Education loans held for sale                    110,449      153,566
Loans and leases:
  Consumer home equity:
    Fixed-rate                                 4,750,552    4,614,322
    Variable-rate                              1,455,701    1,421,390
  Consumer - other                                45,440       41,708
                                             ------------ ------------
     Total consumer home equity and other      6,251,693    6,077,420
  Commercial real estate:
    Fixed- and adjustable-rate                 1,786,829    1,750,690
    Variable-rate                                584,378      598,918
                                             ------------ ------------
     Total commercial real estate              2,371,207    2,349,608
  Commercial business:
    Fixed- and adjustable-rate                   170,593      165,780
    Variable-rate                                395,871      391,354
                                             ------------ ------------
     Total commercial business                   566,464      557,134
  Leasing and equipment finance                1,937,269    1,879,958
                                             ------------ ------------
    Subtotal                                  11,126,633   10,864,120
  Residential real estate                        559,413      587,400
                                             ------------ ------------
    Total loans and leases                    11,686,046   11,451,520
  Allowance for loan and lease losses            (68,564)     (61,934)
                                             ------------ ------------
    Net loans and leases                      11,617,482   11,389,586
Premises and equipment                           427,632      420,967
Goodwill                                         152,599      152,599
Other assets                                     325,846      339,170
                                             ------------ ------------
                                             $15,225,165  $14,851,620
                                             ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
  Retail                                     $ 1,406,155  $ 1,492,429
  Small business                                 596,197      586,711
  Commercial and custodial                       195,529      199,226
                                             ------------ ------------
    Total non-interest bearing deposits        2,197,881    2,278,366
Interest-bearing deposits:
  Premier checking                             1,048,449    1,070,397
  Other checking                                 823,833      834,405
                                             ------------ ------------
    Subtotal                                   1,872,282    1,904,802
  Premier savings                              1,202,672    1,109,341
  Other savings                                1,274,164    1,300,857
                                             ------------ ------------
    Subtotal                                   2,476,836    2,410,198
  Money market                                   606,198      604,217
                                             ------------ ------------
    Subtotal                                   4,955,316    4,919,217
  Certificates of deposit                      2,498,936    2,525,886
                                             ------------ ------------
    Total interest-bearing deposits            7,454,252    7,445,103
                                             ------------ ------------
     Total deposits                            9,652,133    9,723,469
                                             ------------ ------------
Borrowings:
  Short-term borrowings                          183,582      196,169
  Long-term borrowings                         4,043,570    3,566,883
                                             ------------ ------------
    Total borrowings                           4,227,152    3,763,052
Accrued expenses and other liabilities           334,630      336,676
                                             ------------ ------------
    Total liabilities                         14,213,915   13,823,197
                                             ------------ ------------
Stockholders' equity:
  Common stock                                     1,315        1,315
  Additional paid-in capital                     351,905      351,312
  Retained earnings                              871,691      841,757
  Accumulated other comprehensive loss           (52,355)     (42,754)
  Treasury stock at cost and other              (161,306)    (123,207)
                                             ------------ ------------
                                               1,011,250    1,028,423
                                             ------------ ------------
                                             $15,225,165  $14,851,620
                                             ============ ============

Supplemental Information:
---------------------------------------------
Securities available for sale                $ 2,078,155  $ 1,967,524
Residential real estate loans                    559,413      587,400
                                             ------------ ------------
  Total securities available for sale and
   residential real estate loans             $ 2,637,568  $ 2,554,924
                                             ============ ============
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
             CONSOLIDATED QUARTERLY YIELDS AND RATES (1)
                             (Unaudited)


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

ASSETS

 Investments and
  other                  3.86%     4.38%     4.31%     4.45%     4.77%
 Securities
  available for sale     5.28      5.28      5.37      5.47      5.42
 Education loans
  held for sale          5.72      6.44      8.17      9.30      8.79
 Loans and leases:
  Consumer home
   equity:
   Fixed-rate            6.82      6.94      6.98      6.99      6.97
   Variable-rate         6.26      7.07      7.98      8.67      8.80
  Consumer - other       8.60      8.96      9.76      9.74     10.16
    Total consumer
     home equity and
     other               6.70      6.98      7.23      7.40      7.42
  Commercial real
   estate:
   Fixed- and
    adjustable-rate      6.21      6.36      6.44      6.44      6.42
   Variable-rate         5.04      5.97      7.09      7.86      7.83
    Total commercial
     real estate         5.95      6.27      6.60      6.79      6.78
  Commercial
   business:
   Fixed- and
    adjustable-rate      6.20      6.24      6.31      6.32      6.47
   Variable-rate         4.86      5.90      6.91      7.51      7.50
    Total commercial
     business            5.26      6.01      6.72      7.16      7.19
  Leasing and
   equipment finance     7.38      7.65      7.82      7.84      7.67
   Subtotal              6.60      6.90      7.17      7.34      7.31
  Residential real
   estate                5.86      5.86      5.77      5.77      5.85
   Total loans and
    leases               6.57      6.86      7.11      7.26      7.24

    Total interest-
     earning assets      6.35      6.60      6.83      6.97      6.97


LIABILITIES

 Interest-bearing
  deposits:
  Premier checking        .93      1.62      2.49      3.05      2.98
  Other checking          .23       .32       .40       .43       .35
   Subtotal               .60      1.03      1.57      1.90      1.83
  Premier savings        2.20      3.21      4.05      4.35      4.22
  Other savings           .70       .97      1.13      1.29      1.15
   Subtotal              1.49      2.18      2.66      2.77      2.56
  Money market           1.45      2.03      2.76      3.02      2.89
   Subtotal              1.17      1.76      2.27      2.48      2.32
  Certificates of
   deposit               3.47      4.21      4.47      4.68      4.73
   Total interest-
    bearing deposits     1.89      2.56      2.96      3.22      3.14

    Total deposits       1.47      1.99      2.29      2.48      2.40

 Borrowings:
  Short-term
   borrowings            2.19      3.64      4.57      5.32      5.22
  Long-term
   borrowings            4.54      4.55      4.54      4.54      4.51
   Total borrowings      4.37      4.48      4.54      4.57      4.55

    Total interest-
     bearing
     liabilities         2.83      3.30      3.59      3.71      3.00


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

(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.