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TCF Reports Third Quarter Earnings and EPS ($.24)

THIRD QUARTER HIGHLIGHTS

-- Diluted earnings per share of 24 cents, up 26.3 percent from the second quarter

-- Net income of $30.1 million

-- Net interest margin of 3.97 percent

-- Net loan and lease charge-offs $26.8 million, flat from second quarter

-- Provision for loan and lease losses $52.1 million, down from $62.9 million in the second quarter

-- Allowance for loan and lease losses to total loans and leases increased to 1.21 percent at September 30

-- Average Power Assets(R) increased by $1.4 billion, or 12.3 percent, from third quarter 2007

-- Issued $115 million of trust preferred securities

-- Capital ratios exceed stated well capitalized requirements

Company Release - 10/22/2008 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
                                                      ----------------
                              3Q       2Q       3Q    3Q08 vs 3Q08 vs
                             2008     2008     2007    2Q08     3Q07
                           -------------------------------------------
Net income                 $30,126  $23,702  $59,138    27.1% (49.1) %
Diluted earnings per
 common share                  .24      .19      .48    26.3  (50.0)

Financial Ratios (1)
--------------------------
Return on average assets       .73%     .58%    1.55%
Return on average common
 equity                      11.11     8.57    23.39
Net interest margin           3.97     4.00     3.90
Net charge-offs as a
 percentage of average
 loans and leases              .82      .84      .38


($ in thousands, except per-share data)
                                             YTD       YTD    Percent
                                            2008      2007     Change
                                         -----------------------------
Net income                                $101,254  $203,991  (50.4) %
Diluted earnings per common share              .81      1.62  (50.0)

Financial Ratios (1)
-----------------------------------------
Return on average assets                       .83%     1.82%
Return on average common equity              12.29     26.58
Net interest margin                           3.94      3.97
Net charge-offs as a percentage of
 average loans and leases                      .70       .24


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

TCF Financial Corporation ("TCF") (NYSE: TCB) today reported diluted earnings per share of 24 cents for the third quarter of 2008, compared with 19 cents in the second quarter of 2008 and 48 cents in the third quarter of 2007. Net income for the third quarter of 2008 was $30.1 million, compared with $23.7 million in the second quarter and $59.1 million for the third quarter of 2007. TCF recorded $52.1 million in the provision for credit losses in the third quarter of 2008, as compared with $62.9 million in the second quarter of 2008 and $18.9 million in the third quarter of 2007. See discussion beginning on page 11 regarding the provision for credit losses.

Diluted earnings per share for the first nine months of 2008 was 81 cents, compared with $1.62 for the same 2007 period. Net income for the first nine months of 2008 was $101.3 million, compared with $204 million for the same 2007 period. TCF recorded $145 million in the provision for credit losses for the first nine months of 2008, as compared with $36.9 million for the same 2007 period.

Chairman's Statement

"There is no doubt that TCF has been negatively impacted by falling home prices and a slowing of the economy," said William A. Cooper, Chairman and CEO. "However, TCF's rate of loan charge-offs during the 2008 third quarter remained flat compared to the upward trend experienced by many of our banking competitors. TCF's results can be attributed to activities in which TCF did not participate. TCF did not have a subprime lending program, has not made option ARM loans, or loans with teaser rates, etc., and has not securitized any loans, or participated in credit derivatives or any other types of derivatives. In addition, TCF has no investments in Fannie Mae or Freddie Mac preferred stock or other bank trust preferred securities.

"TCF continues to be a well-capitalized institution primarily funded by retail deposits. TCF has remained profitable during the financial crisis and continues to lend to credit-worthy customers."

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

                                                      Percent Change
                                                      ---------------
($ in thousands)           3Q        2Q        3Q     3Q08 vs 3Q08 vs
                          2008      2008      2007     2Q08    3Q07
                        ----------------------------------------------
Net interest income     $152,165  $151,562  $137,704      .4 %  10.5 %
                        -----------------------------
Fees and other revenue:
  Fees and service
   charges                71,783    67,961    71,965     5.6     (.3)
  Card revenue            26,240    26,828    25,685    (2.2)    2.2
  ATM revenue              8,720     8,267     9,251     5.5    (5.7)
  Investments and
   insurance               3,193     2,977     2,632     7.3    21.3
                        -----------------------------
    Total banking fees   109,936   106,033   109,533     3.7      .4
  Leasing and equipment
   finance                13,006    14,050    15,110    (7.4)  (13.9)
  Other                      103     1,421     1,751   (92.8)  (94.1)
                        -----------------------------
    Total fees and
     other revenue       123,045   121,504   126,394     1.3    (2.6)
                        -----------------------------
  Visa share redemption     -         -         -          -       -
  Gains on sales of
   securities available
   for sale                  498     1,115     2,017   (55.3)  (75.3)
  Gains on sales of
   branches and real
   estate                   -         -        1,246       -  (100.0)
                        -----------------------------
       Total non-
        interest income  123,543   122,619   129,657      .8    (4.7)
                        -----------------------------
       Total revenue    $275,708  $274,181  $267,361      .6     3.1
                        =============================

Net interest margin (1)     3.97%     4.00%     3.90%
Fees and other revenue
 as a % of:
 Total revenue             44.63     44.32     47.27
 Average assets (1)         3.00      2.97      3.32



($ in thousands)                             YTD       YTD    Percent
                                            2008      2007    Change
                                         -----------------------------
Net interest income                       $446,556  $410,606     8.8 %
                                          -------------------
Fees and other revenue:
  Fees and service charges                 203,291   205,715    (1.2)
  Card revenue                              77,839    73,822     5.4
  ATM revenue                               24,957    27,314    (8.6)
  Investments and insurance                  9,405     7,582    24.0
                                          -------------------
    Total banking fees                     315,492   314,433      .3
  Leasing and equipment finance             39,190    44,310   (11.6)
  Other                                      2,572     6,697   (61.6)
                                          -------------------
    Total fees and other revenue           357,254   365,440    (2.2)
                                          -------------------
  Visa share redemption                      8,308      -      100.0
  Gains on sales of securities available                         N.M.
   for sale                                  7,899     2,017
  Gains on sales of branches and real
   estate                                     -       35,142  (100.0)
                                          -------------------
       Total non-interest income           373,461   402,599    (7.2)
                                          -------------------
       Total revenue                      $820,017  $813,205      .8
                                          ===================

Net interest margin (1)                       3.94%     3.97%
Fees and other revenue as a % of:
 Total revenue                               43.57     44.94
 Average assets (1)                           2.92      3.26


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

Net Interest Income

TCF's net interest income for the third quarter of 2008 was $152.2 million, up $14.5 million, or 10.5 percent, from the third quarter of 2007 and up $603 thousand, or .4 percent, from the second quarter of 2008. The increase in net interest income from the third quarter of 2007 was primarily attributable to a $1.2 billion, or 8.7 percent, increase in average interest-earning assets. The increase in net interest income from the second quarter of 2008 was primarily due to a $105.4 million, or .7 percent, increase in average interest-earning assets.

Net interest margin in the third quarter of 2008 was 3.97 percent, compared with 3.90 percent for the third quarter of 2007 and 4.00 percent for the second quarter of 2008. The three basis point decrease in net interest margin from the second quarter of 2008 was primarily due to the issuance of $115 million of trust preferred securities in August of 2008.

Non-interest Income

Total non-interest income was $123.5 million for the third quarter of 2008, down $6.1 million, or 4.7 percent, from the third quarter of 2007 and up $924 thousand, or .8 percent, from the second quarter of 2008.

Banking fees and service charges were $71.8 million, essentially flat with the third quarter of 2007. Banking fees and service charges increased $3.8 million, or 5.6 percent, from the second quarter of 2008 primarily due to increased deposit service fees.

Card revenues totaled $26.2 million for the third quarter of 2008, up $555 thousand, or 2.2 percent, over the same period in 2007 due to increases in customer transactions and average transaction size. Card revenue decreased $588 thousand, or 2.2 percent, from the second quarter of 2008, due to fewer customer transactions.

Leasing and equipment finance revenues were $13 million for the third quarter of 2008, down $2.1 million, or 13.9 percent, from the 2007 third quarter and down $1 million, or 7.4 percent, from the second quarter of 2008, 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 $498 thousand in the third quarter of 2008 on sales of $56.6 million of mortgage-backed securities. In 2007, TCF sold $189.3 million of mortgage-backed securities at gains of $2 million.

Branches

----------------------------------------------------------------------
Number of Branches                                             Table 3
----------------------------------------------------------------------
At period end
                 Total       New                   Total       New
                Branches Branches(1)              Branches Branches(1)
                --------------------              --------------------
Illinois             206          34  Traditional      196          75
Minnesota            109          18  Supermarket      234          27
Michigan              56          20  Campus            15          10
                                                  --------------------
Colorado              36          29                   445         112
                                                  ====================
Wisconsin             27           4
Arizona                6           6
Indiana                5           1
                --------------------
 Total Branches      445         112
                ====================

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

During the third quarter of 2008, TCF opened one new supermarket branch. For the remainder of 2008, TCF plans to open one traditional branch and two 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 five supermarket branches during the remainder of 2008. As part of improving operating efficiencies, TCF closed and consolidated 10 Colorado supermarket branches into nearby branches in the third quarter of 2008.

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

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

                                                      3Q08 vs 3Q07
                                                    ------------------
($ in thousands)                  3Q        3Q                Percent
                                 2008      2007      Change   Change
                              ----------------------------------------
Number of deposit accounts       315,459  263,979     51,480    19.5 %
Average deposits:
  Checking                    $  310,147 $238,567   $ 71,580    30.0
  Savings                        330,550  259,964     70,586    27.2
  Money market                    49,536   35,792     13,744    38.4
                              -------------------------------
    Subtotal                     690,233  534,323    155,910    29.2
  Certificates of deposit        314,326  322,699     (8,373)   (2.6)
                              -------------------------------
    Total deposits            $1,004,559 $857,022   $147,537    17.2
                              ===============================


Total fees and other revenue  $   16,789 $ 14,310   $  2,479    17.3
----------------------------------------------------------------------


($ in thousands)                           YTD        YTD     Percent
                                           2008       2007    Change
                                      --------------------------------
Number of deposit accounts
Average deposits:
  Checking                              $  300,684 $  223,306   34.7 %
  Savings                                  338,232    233,751   44.7
  Money market                              44,246     31,723   39.5
                                        ---------------------
    Subtotal                               683,162    488,780   39.8
  Certificates of deposit                  319,123    329,912   (3.3)
                                        ---------------------
    Total deposits                      $1,002,285 $  818,692   22.4
                                        =====================


Total fees and other revenue            $   47,622 $   38,589   23.4
----------------------------------------------------------------------

Power Assets(R)

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

                                                      Percent Change
                                                     ----------------
($ in thousands)     3Q          2Q          3Q      3Q08 vs  3Q08 vs
                    2008        2008        2007      2Q08     3Q07
                 -----------------------------------------------------
Loans and
 leases: (1)
 Consumer home
  equity:
  First mortgage
   lien          $ 4,396,754 $ 4,366,623 $ 3,994,573     .7 %   10.1 %
  Junior lien      2,434,392   2,420,963   2,211,680     .6     10.1
                 -----------------------------------
   Total
    consumer
    home equity    6,831,146   6,787,586   6,206,253     .6     10.1
  Consumer other      45,939      46,492      45,440   (1.2)     1.1
                 -----------------------------------
   Total
    consumer       6,877,085   6,834,078   6,251,693     .6     10.0
  Commercial
   real estate     2,776,830   2,656,392   2,371,207    4.5     17.1
  Commercial
   business          544,826     529,470     566,464    2.9     (3.8)
                 -----------------------------------
   Total
    commercial     3,321,656   3,185,862   2,937,671    4.3     13.1
  Leasing and
   equipment
   finance         2,300,429   2,229,467   1,937,269    3.2     18.7
                 -----------------------------------
   Total Power
    Assets       $12,499,170 $12,249,407 $11,126,633    2.0     12.3
                 ===================================



($ in thousands)                          YTD         YTD     Percent
                                         2008        2007     Change
                                     ---------------------------------
Loans and leases: (1)
 Consumer home equity:
  First mortgage lien                 $ 4,328,059 $ 3,899,983   11.0 %
  Junior lien                           2,407,350   2,154,431   11.7
                                      -----------------------
   Total consumer home equity           6,735,409   6,054,414   11.2
  Consumer other                           45,481      43,014    5.7
                                      -----------------------
   Total consumer                       6,780,890   6,097,428   11.2
  Commercial real estate                2,666,948   2,366,142   12.7
  Commercial business                     539,348     559,287   (3.6)
                                      -----------------------
   Total commercial                     3,206,296   2,925,429    9.6
  Leasing and equipment finance         2,223,811   1,885,427   17.9
                                      -----------------------
   Total Power Assets                 $12,210,997 $10,908,284   11.9
                                      =======================


(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 12.3 percent, from the third quarter of 2007. TCF's average consumer home equity loan balances increased $624.9 million, or 10.1 percent, average commercial loan balances increased $384 million, or 13.1 percent, and average leasing and equipment finance balances increased $363.2 million, or 18.7 percent, from the third quarter of 2007.

Average Power Assets increased $249.8 million, or 8.2 percent, annualized, from the second quarter of 2008, a slower growth rate than previous quarters, as management reduced growth due to market conditions and lower profitability. With the successful issuance of trust preferred securities during the third quarter of 2008, management now expects future growth rates to increase.

At September 30, 2008, 64.4 percent of the consumer home equity portfolio was secured by first mortgage liens.

Power Liabilities(R)

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


($ in thousands)                      3Q           2Q          3Q
                                     2008         2008        2007
                                  ------------------------------------
Non-interest bearing deposits:
 Retail                           $1,409,855  $ 1,464,237  $1,406,155
 Small business                      597,894      577,510     596,197
 Commercial and custodial            253,900      238,779     195,529
                                  ------------------------------------
  Total non-interest bearing       2,261,649    2,280,526   2,197,881
Interest-bearing deposits:
 Premier checking                    933,189      989,512   1,048,449
 Other checking                      904,351      894,436     823,833
                                  ------------------------------------
  Subtotal                         1,837,540    1,883,948   1,872,282
 Premier savings                   1,403,323    1,518,703   1,202,672
 Other savings                     1,388,236    1,365,141   1,274,164
                                  ------------------------------------
  Subtotal                         2,791,559    2,883,844   2,476,836
 Money market                        629,905      609,369     606,198
                                  ------------------------------------
  Subtotal                         5,259,004    5,377,161   4,955,316
 Certificates of deposit           2,469,327    2,471,216   2,498,936
                                  ------------------------------------
   Total interest-bearing          7,728,331    7,848,377   7,454,252
                                  ------------------------------------
    Power Liabilities             $9,989,980  $10,128,903  $9,652,133
                                  ====================================

Average rate on deposits                1.34%        1.47%       2.48%
----------------------------------------------------------------------

                     Percent Change
                    ----------------
($ in thousands)    3Q08 vs  3Q08 vs      YTD         YTD     Percent
                     2Q08     3Q07       2008        2007     Change
                   ---------------------------------------------------
Non-interest
 bearing deposits:
 Retail               (3.7)%     .3 % $1,429,752  $1,476,451  (3.2) %
 Small business        3.5       .3      580,248     593,122  (2.2)
 Commercial and
  custodial            6.3     29.9      231,184     198,848  16.3
                                      -----------------------
  Total non-
   interest bearing    (.8)     2.9    2,241,184   2,268,421  (1.2)
Interest-bearing
 deposits:
 Premier checking     (5.7)   (11.0)     977,007   1,064,024  (8.2)
 Other checking        1.1      9.8      878,956     827,580   6.2
                                      -----------------------
  Subtotal            (2.5)    (1.9)   1,855,963   1,891,604  (1.9)
 Premier savings      (7.6)    16.7    1,465,115   1,127,843  29.9
 Other savings         1.7      9.0    1,335,005   1,296,350   3.0
                                      -----------------------
  Subtotal            (3.2)    12.7    2,800,120   2,424,193  15.5
 Money market          3.4      3.9      609,629     606,885    .5
                                      -----------------------
  Subtotal            (2.2)     6.1    5,265,712   4,922,682   7.0
 Certificates of
  deposit              (.1)    (1.2)   2,480,262   2,512,832  (1.3)
                                      -----------------------
   Total interest-
    bearing           (1.5)     3.7    7,745,974   7,435,514   4.2
                                      -----------------------
    Power
     Liabilities      (1.4)     3.5   $9,987,158  $9,703,935   2.9
                                      =======================

Average rate on
 deposits                                   1.60%       2.42%
----------------------------------------------------------------------

Average Power Liabilities totaled $10 billion for the third quarter of 2008, with an average interest rate of 1.34 percent, an increase of $337.8 million, or 3.5 percent, from the third quarter of 2007. The increase was primarily driven by increases in savings balances.

Average Power Liabilities decreased $138.9 million, or 1.4 percent, from the second quarter of 2008, primarily due to decreases in Premier checking and Premier savings balances as a result of higher interest rates paid by competitors. TCF has in process several initiatives involving products, pricing and marketing in an effort to increase TCF's market share of deposits.

Non-interest Expense

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

                                                      Percent Change
                                                     ----------------
($ in thousands)             3Q       2Q       3Q    3Q08 vs  3Q08 vs
                            2008     2008     2007    2Q08     3Q07
                          --------------------------------------------
Compensation and employee
 benefits                 $ 84,895 $ 84,267 $ 85,113     .7 %    (.3)%
Occupancy and equipment     31,832   31,205   30,226    2.0      5.3
Advertising and
 promotions                 12,309    7,130    5,480   72.6    124.6
Other                       44,337   41,667   37,632    6.4     17.8
                          --------------------------
  Subtotal                 173,373  164,269  158,451    5.5      9.4
Visa indemnification             -        -        -      -        -
Operating lease
 depreciation                4,215    4,460    4,326   (5.5)    (2.6)
                          --------------------------
  Total non-interest
   expense                $177,588 $168,729 $162,777    5.3      9.1
                          ==========================


($ in thousands)                              YTD      YTD    Percent
                                             2008      2007   Change
                                          ----------------------------
Compensation and employee benefits         $257,880  $259,913    (.8)%
Occupancy and equipment                      95,450    90,006    6.0
Advertising and promotions                   25,735    17,047   51.0
Other                                       126,105   109,478   15.2
                                           ------------------
  Subtotal                                  505,170   476,444    6.0
Visa indemnification                         (3,766)        - (100.0)
Operating lease depreciation                 13,189    13,067     .9
                                           ------------------
  Total non-interest expense               $514,593  $489,511    5.1
                                           ==================


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

Non-interest expense totaled $177.6 million for the third quarter of 2008, up $14.8 million, or 9.1 percent, from the third quarter of 2007 and $8.9 million, or 5.3 percent, from the second quarter of 2008.

Compensation and employee benefits continue to be well controlled and remained relatively flat in the third quarter of 2008 when compared to the third quarter of 2007 and the second quarter of 2008.

Occupancy and equipment expenses increased $1.6 million, or 5.3 percent, from the third quarter of 2007 and $627 thousand, or 2 percent, from the second quarter of 2008, primarily due to increased real estate taxes and branch expansion.

Advertising and promotions increased $6.8 million, or 124.6 percent, from the third quarter of 2007, and $5.2 million, or 72.6 percent, from the second quarter of 2008 primarily due to higher premium costs as a result of increased checking account production.

Other expense increased $6.7 million, or 17.8 percent from the third quarter of 2007, primarily due to a $3.4 million increase in foreclosed real estate expense due to increased property taxes and higher real estate disposition losses as well as increased severance and separation costs of $4.1 million. The increase of $2.7 million, or 6.4 percent, from the second quarter of 2008 was primarily due to increased severance and separation costs, partially offset by lower deposit account losses.

    TCF is a member of Visa U.S.A. Inc. ("Visa") for issuance and
processing of its card transactions. As disclosed in TCF's Form 10-K
for the year ended December 31, 2007, TCF has a contingent obligation
to indemnify Visa for losses in connections with certain covered
litigation matters. Subsequent to quarter end, Visa notified its
U.S.A. members that it had reached a settlement on covered litigation
with Discover, but released no details. TCF will record any adjustment
to its liability as a result of this settlement, if needed, in the
fourth quarter of 2008. Further details, if known, will be included in
TCF's quarterly filing on Form 10-Q for the period ended September 30,
2008.

    Credit Quality


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

                                                      Percent Change
                                                     ----------------
($ in thousands)       3Q         2Q         3Q      3Q08 vs  3Q08 vs
                      2008       2008       2007      2Q08     3Q07
                    --------------------------------------------------
Allowance for loan
 and lease losses
-------------------
Balance at
 beginning of
 period             $133,637   $ 97,390   $ 66,809     37.2 %  100.0 %
 Charge-offs         (29,976)   (29,902)   (14,669)      .2    104.3
 Recoveries            3,212      3,254      3,609     (1.3)   (11.0)
                    -------------------------------
  Net charge-offs    (26,764)   (26,648)   (11,060)      .4    142.0
 Provision for
  credit losses       52,105     62,895     18,883    (17.2)   175.9
                    -------------------------------
Balance at end of
 period             $158,978   $133,637   $ 74,632     19.0    113.0
                    ===============================

Allowance as a
 percentage of
 period end loans
 and leases             1.21 %     1.03 %      .63 %
Ratio of allowance
 to net charge-offs
 (1)                     1.5 X      1.3 X      1.7 X

Net Charge-offs as
 a Percentage of
 Average Loans and
 Leases (1)
-------------------
 Consumer home
  equity:
  First mortgage
   lien                  .77 %      .61 %      .27 %
  Junior lien           1.56       1.19        .58
   Total home
    equity              1.05        .82        .38
 Total consumer         1.23        .90        .59
 Commercial real
  estate                 .39        .86          -
 Commercial
  business               .05       1.74        .44
 Leasing and
  equipment finance      .42        .55        .24
 Residential real
  estate                 .31        .09        .07
  Total                  .82        .84        .38

Other Credit
 Quality Data
-------------------
 Delinquencies (2)
     30+ days       $142,125   $120,823   $ 74,569     17.6     90.6
     90+ days       $ 34,808   $ 28,180   $ 13,887     23.5    150.7

 Delinquencies as a
  percentage of
  loan and lease
  portfolio: (2)
     30+ days           1.10 %      .94 %      .63 %
     90+ days            .27 %      .22 %      .12 %


 Non-accrual loans
  and leases        $145,890   $105,247   $ 47,235     38.6      N.M.
 Real estate owned    54,179     55,112     43,010     (1.7)    26.0
                    -------------------------------
    Total non-
     performing
     assets         $200,069   $160,359   $ 90,245     24.8    121.7
                    ===============================
 Non-performing
  assets as a
  percentage of net
  loans and leases      1.55 %     1.25 %      .76 %


($ 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                             (77,700)   (34,650)   124.2
 Recoveries                               10,741     13,871    (22.6)
                                        --------------------
  Net charge-offs                        (66,959)   (20,779)     N.M.
 Provision for credit losses             144,995     36,868      N.M.
                                        --------------------
Balance at end of period                $158,978   $ 74,632    113.0
                                        ====================

Allowance as a percentage of period end
 loans and leases                           1.21 %      .63 %
Ratio of allowance to net charge-offs
 (1)                                         1.8 X      2.7 X

Net Charge-offs as a Percentage of
 Average Loans and Leases (1)
---------------------------------------
 Consumer home equity:
  First mortgage lien                        .59 %      .21 %
  Junior lien                               1.20        .46
   Total home equity                         .81        .30
 Total consumer                              .92        .39
 Commercial real estate                      .44        .02
 Commercial business                         .73        .19
 Leasing and equipment finance               .46        .12
 Residential real estate                     .17        .03
  Total                                      .70        .24

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


N.M. = Not Meaningful
(1) Annualized
(2) Excludes non-accrual loans and
 leases.
----------------------------------------------------------------------

At September 30, 2008, TCF's allowance for loan and lease losses totaled $159 million, or 1.21 percent of loans and leases, compared with $74.6 million, or .63 percent, at September 30, 2007 and $133.6 million, or 1.03 percent, at June 30, 2008. The provision for credit losses for the third quarter of 2008 was $52.1 million, up from $18.9 million in the third 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. The provision for credit losses decreased $10.8 million, or 17.2 percent, from the second quarter of 2008.

Consumer home equity net charge-offs for the third quarter of 2008 were $17.9 million, an increase of $4 million from the second quarter of 2008 and up $12.1 million from the third 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 third quarter of 2008 were $2.8 million, a decrease of $5.3 million from the second quarter of 2008 and an increase of $2.1 million from the third quarter of 2007. Leasing and equipment finance net charge-offs for the third quarter of 2008 were $2.4 million, down $658 thousand from the second quarter of 2008 and up $1.2 million from the third quarter of 2007.

At September 30, 2008, TCF's over-30-day delinquency rate was 1.10 percent, up from .94 percent at June 30, 2008. TCF's over-90-day delinquency rate was .27 percent, up from .22 percent at June 30, 2008. Non-performing assets, which include non-accrual loans, are reported separately and were $200.1 million, or 1.21 percent of total assets, at September 30, 2008, up from $160.4 million, or .97 percent of total assets, at June 30, 2008. The increase in non-performing assets from June 30, 2008 was primarily due to a $11.6 million increase in consumer home equity non-accrual loans and a $22.7 million increase in commercial non-accrual loans.

Income Taxes

    TCF's income tax expense was $15.9 million for the third quarter
of 2008, or 34.5 percent of pre-tax income, compared with $26.6
million, or 31 percent, for the comparable 2007 period and $18.9
million, or 44.3 percent, for the second quarter of 2008. The third
quarter of 2007 income tax expense included a $2.6 million reduction
in income tax expense related to favorable developments in uncertain
tax positions. The second quarter of 2008 income tax expense included
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. Excluding these items, the
effective income tax rate for the third quarter of 2007 was 34
percent. 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.

    Capital


----------------------------------------------------------------------
Capital Information                                            Table 9
----------------------------------------------------------------------
At period end
($ in thousands, except
 per-share data)            3Q                   4Q
                           2008                 2007
                        ----------           ----------
Stockholders' equity    $1,111,029           $1,099,012
Stockholders' equity to
 total assets                 6.73 %               6.88 %
Book value per common
 share                  $     8.74           $     8.68

Risk-based capital
  Tier 1                $1,094,985    9.03 % $  964,467   8.28 %
  Total                  1,446,688   11.93    1,245,808  10.70
  Total stated "well-
   capitalized"
   requirement           1,212,728   10.00    1,164,829  10.00
  Excess over stated
   "well-capitalized"
   requirement             233,960    1.93       80,979    .70
----------------------------------------------------------------------

"During the third quarter of 2008, TCF successfully issued $115 million in trust preferred securities, further enhancing TCF's regulatory capital and ability to grow," said Mr. Cooper. TCF continues to meet the well capitalized requirements. No repurchases of common stock have been made in 2008 and TCF does not presently expect to change its dividend policy.

On October 14, 2008, the United States Treasury, working with the Federal Reserve Bank, announced several initiatives in an effort to stabilize the banking industry. Amongst those initiatives is a $250 billion capital purchase program for certain qualified and healthy banking institutions. As part of the program, the United States Treasury will purchase a limited amount of senior perpetual preferred securities with an attached warrant for the purchase of common stock. "TCF is in the process of reviewing the details of this program as the information is being made available, and is analyzing the impact of participation in the program. Should TCF choose to participate, the magnitude of the government's potential investment in TCF preferred stock would be approximately $120 to $360 million," said Mr. Cooper.

Website Information

A live webcast of TCF's conference call to discuss third quarter earnings will be hosted at TCF's website, www.tcfbank.com, on October 22, 2008 at 10:00 a.m., CT. Additionally, the webcast is available for replay at TCF's website after the conference call. The website also includes free access to company news releases, TCF's annual report, quarterly reports, investor presentations and SEC filings.

----------------------------------------------------------------------
 TCF is a Wayzata, Minnesota-based national financial holding company
  with $16.5 billion in total assets. The company has 445 banking
  offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin,
  Indiana and Arizona, providing retail and commercial banking
  services. 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; results of litigation, including possible increases in indemnification obligations for certain litigation against Visa U.S.A. Inc. ("covered litigation") and potential reductions in card revenues resulting from other litigation against Visa; increased deposit insurance premiums or other costs related to deteriorating conditions in the banking industry and the economic impact on banks of the Emergency Economic Stabilization Act or other related legislative and regulatory developments; 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
                                   September 30,          Change
                                ------------------- ------------------
                                  2008      2007        $        %
                                --------- --------- --------- --------
Interest income:
 Loans and leases               $ 210,651 $ 213,528 $ (2,877)    (1.3)
 Securities available for sale     28,577    28,439      138       .5
 Education loans held for sale        123     2,588   (2,465)   (95.2)
 Investments and other              1,644     2,279     (635)   (27.9)
                                --------- --------- ---------
  Total interest income           240,995   246,834   (5,839)    (2.4)
                                --------- --------- ---------
Interest expense:
 Deposits                          33,730    60,440  (26,710)   (44.2)
 Borrowings                        55,100    48,690    6,410     13.2
                                --------- --------- ---------
  Total interest expense           88,830   109,130  (20,300)   (18.6)
                                --------- --------- ---------
   Net interest income            152,165   137,704   14,461     10.5
Provision for credit losses        52,105    18,883   33,222    175.9
                                --------- --------- ---------
  Net interest income after
   provision for credit losses    100,060   118,821  (18,761)   (15.8)
                                --------- --------- ---------
Non-interest income:
 Fees and service charges          71,783    71,965     (182)     (.3)
 Card revenue                      26,240    25,685      555      2.2
 ATM revenue                        8,720     9,251     (531)    (5.7)
 Investments and insurance
  revenue                           3,193     2,632      561     21.3
                                --------- --------- ---------
  Subtotal                        109,936   109,533      403       .4
 Leasing and equipment finance     13,006    15,110   (2,104)   (13.9)
 Other                                103     1,751   (1,648)   (94.1)
                                --------- --------- ---------
  Fees and other revenue          123,045   126,394   (3,349)    (2.6)
 Gains on sales of securities                                     N.M.
  available for sale                  498     2,017   (1,519)
 Gains on sales of branches and
  real estate                           -     1,246   (1,246)  (100.0)
                                --------- --------- ---------
  Total non-interest income       123,543   129,657   (6,114)    (4.7)
                                --------- --------- ---------
Non-interest expense:
 Compensation and employee
  benefits                         84,895    85,113     (218)     (.3)
 Occupancy and equipment           31,832    30,226    1,606      5.3
 Advertising and promotions        12,309     5,480    6,829    124.6
 Other                             44,337    37,632    6,705     17.8
                                --------- --------- ---------
  Subtotal                        173,373   158,451   14,922      9.4
 Operating lease depreciation       4,215     4,326     (111)    (2.6)
                                --------- --------- ---------
  Total non-interest expense      177,588   162,777   14,811      9.1
                                --------- --------- ---------
   Income before income tax
    expense                        46,015    85,701  (39,686)   (46.3)
Income tax expense                 15,889    26,563  (10,674)   (40.2)
                                --------- --------- ---------
   Net income                   $  30,126 $  59,138 $(29,012)   (49.1)
                                ========= ========= =========

Net income per common share:
  Basic                         $     .24 $     .48 $   (.24)   (50.0)
  Diluted                             .24       .48     (.24)   (50.0)

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

Average common and common
 equivalent shares outstanding
 (in thousands):
  Basic                           124,978   124,230      748       .6
  Diluted                         125,357   124,475      882       .7


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


                                Nine Months Ended
                                  September 30,          Change
                                ----------------- --------------------
                                  2008     2007       $          %
                                -------- -------- ---------- ---------
Interest income:
 Loans and leases               $630,835 $621,871 $   8,964       1.4
 Securities available for sale    85,714   80,209     5,505       6.9
 Education loans held for sale     5,331   10,099    (4,768)    (47.2)
 Investments and other             4,713    6,642    (1,929)    (29.0)
                                -------- -------- ----------
  Total interest income          726,593  718,821     7,772       1.1
                                -------- -------- ----------
Interest expense:
 Deposits                        119,412  175,837   (56,425)    (32.1)
 Borrowings                      160,625  132,378    28,247      21.3
                                -------- -------- ----------
  Total interest expense         280,037  308,215   (28,178)     (9.1)
                                -------- -------- ----------
   Net interest income           446,556  410,606    35,950       8.8
Provision for credit losses      144,995   36,868   108,127       N.M.
                                -------- -------- ----------
  Net interest income after
   provision for credit losses   301,561  373,738   (72,177)    (19.3)
                                -------- -------- ----------
Non-interest income:
 Fees and service charges        203,291  205,715    (2,424)     (1.2)
 Card revenue                     77,839   73,822     4,017       5.4
 ATM revenue                      24,957   27,314    (2,357)     (8.6)
 Investments and insurance
  revenue                          9,405    7,582     1,823      24.0
                                -------- -------- ----------
  Subtotal                       315,492  314,433     1,059        .3
 Leasing and equipment finance    39,190   44,310    (5,120)    (11.6)
 Other                             2,572    6,697    (4,125)    (61.6)
                                -------- -------- ----------
  Fees and other revenue         357,254  365,440    (8,186)     (2.2)
 Visa share redemption             8,308        -     8,308       N.M.
 Gains on sales of securities                                     N.M.
  available for sale               7,899    2,017     5,882
 Gains on sales of branches and
  real estate                          -   35,142   (35,142)   (100.0)
                                -------- -------- ----------
  Total non-interest income      373,461  402,599   (29,138)     (7.2)
                                -------- -------- ----------
Non-interest expense:
 Compensation and employee
  benefits                       257,880  259,913    (2,033)      (.8)
  Occupancy and equipment         95,450   90,006     5,444       6.0
  Advertising and promotions      25,735   17,047     8,688      51.0
  Other                          122,339  109,478    12,861      11.7
                                -------- -------- ----------
   Subtotal                      501,404  476,444    24,960       5.2
  Operating lease depreciation    13,189   13,067       122        .9
                                -------- -------- ----------
   Total non-interest expense    514,593  489,511    25,082       5.1
                                -------- -------- ----------
    Income before income tax
     expense                     160,429  286,826  (126,397)    (44.1)
Income tax expense                59,175   82,835   (23,660)    (28.6)
                                -------- -------- ----------
   Net income                   $101,254 $203,991 $(102,737)    (50.4)
                                ======== ======== ==========

Net income per common share:
 Basic                          $    .81 $   1.62 $    (.81)    (50.0)
 Diluted                             .81     1.62      (.81)    (50.0)

Dividends declared per common
 share                          $  .7500 $  .7275 $   .0225       3.1

Average common and common
 equivalent shares outstanding
 (in thousands):
  Basic                          124,807  125,850    (1,043)      (.8)
  Diluted                        125,166  126,101      (935)      (.7)


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

Cash and due from banks       $    297,701  $   358,188  $    323,624
Investments                        167,115      148,253       209,774
Securities available for sale    2,102,756    1,963,681     2,022,505
Education loans held for sale        3,569      156,135       146,353
Loans and leases:
  Consumer home equity and
   other                         6,898,323    6,590,631     6,386,950
  Commercial real estate         2,852,754    2,557,330     2,402,949
  Commercial business              549,337      558,325       577,927
  Leasing and equipment
   finance                       2,330,841    2,104,343     1,966,336
                              ------------- ------------ -------------
    Subtotal                    12,631,255   11,810,629    11,334,162
  Residential real estate          470,413      527,607       547,552
                              ------------- ------------ -------------
    Total loans and leases      13,101,668   12,338,236    11,881,714
  Allowance for loan and
   lease losses                   (158,978)     (80,942)      (74,632)
                              ------------- ------------ -------------
    Net loans and leases        12,942,690   12,257,294    11,807,082
Premises and equipment, net        441,904      438,452       428,959
Goodwill                           152,599      152,599       152,599
Other assets                       402,261      502,452       439,442
                              ------------- ------------ -------------
      Total assets            $ 16,510,595  $15,977,054  $ 15,530,338
                              ============= ============ =============

LIABILITIES AND STOCKHOLDERS'
 EQUITY

Deposits:
  Checking                    $  4,089,044  $ 4,108,527  $  4,158,150
  Savings                        2,717,635    2,636,820     2,563,851
  Money market                     646,655      576,667       590,567
                              ------------- ------------ -------------
    Subtotal                     7,453,334    7,322,014     7,312,568
  Certificates of deposit        2,396,903    2,254,535     2,433,498
                              ------------- ------------ -------------
    Total deposits               9,850,237    9,576,549     9,746,066
                              ------------- ------------ -------------
Short-term borrowings              603,233      556,070       167,319
Long-term borrowings             4,630,776    4,417,378     4,266,022
                              ------------- ------------ -------------
    Total borrowings             5,234,009    4,973,448     4,433,341
Accrued expenses and other
 liabilities                       315,320      328,045       307,484
                              ------------- ------------ -------------
    Total liabilities           15,399,566   14,878,042    14,486,891
                              ------------- ------------ -------------
Stockholders' equity:
  Common stock, par value
   $.01 per share,
   280,000,000 shares
   authorized; 130,951,694;
   131,468,699 and
   131,483,460 shares issued         1,308        1,315         1,315
  Additional paid-in capital       329,897      354,563       353,169
  Retained earnings, subject
   to certain restrictions         934,121      926,875       894,657
  Accumulated other
   comprehensive loss              (21,555)     (18,055)      (41,395)
  Treasury stock at cost,
   3,761,925; 4,866,480 and
   4,826,730 shares, and
   other                          (132,742)    (165,686)     (164,299)
                              ------------- ------------ -------------
      Total stockholders'
       equity                    1,111,029    1,099,012     1,043,447
                              ------------- ------------ -------------
      Total liabilities and
       stockholders' equity   $ 16,510,595  $15,977,054  $ 15,530,338
                              ============= ============ =============


N.M. Not meaningful

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

Cash and due from banks                         (16.9)%         (8.0)%
Investments                                      12.7          (20.3)
Securities available for sale                     7.1            4.0
Education loans held for sale                   (97.7)         (97.6)
Loans and leases:
  Consumer home equity and other                  4.7            8.0
  Commercial real estate                         11.6           18.7
  Commercial business                            (1.6)          (4.9)
  Leasing and equipment finance                  10.8           18.5
    Subtotal                                      6.9           11.4
  Residential real estate                       (10.8)         (14.1)
    Total loans and leases                        6.2           10.3
  Allowance for loan and lease losses           (96.4)        (113.0)
    Net loans and leases                          5.6            9.6
Premises and equipment, net                        .8            3.0
Goodwill                                            -              -
Other assets                                    (19.9)          (8.5)
      Total assets                                3.3            6.3

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits:
  Checking                                        (.5)          (1.7)
  Savings                                         3.1            6.0
  Money market                                   12.1            9.5
    Subtotal                                      1.8            1.9
  Certificates of deposit                         6.3           (1.5)
    Total deposits                                2.9            1.1
Short-term borrowings                             8.5           N.M.
Long-term borrowings                              4.8            8.6
    Total borrowings                              5.2           18.1
Accrued expenses and other liabilities           (3.9)           2.5
    Total liabilities                             3.5            6.3
Stockholders' equity:
  Common stock, par value $.01 per share,
   280,000,000 shares authorized;
   130,951,694; 131,468,699 and
   131,483,460 shares issued                      (.5)           (.5)
  Additional paid-in capital                     (7.0)          (6.6)
  Retained earnings, subject to certain
   restrictions                                    .8            4.4
  Accumulated other comprehensive loss          (19.4)          47.9
  Treasury stock at cost, 3,761,925;
   4,866,480 and 4,826,730 shares, and
   other                                         19.9           19.2
      Total stockholders' equity                  1.1            6.5
      Total liabilities and stockholders'
       equity                                     3.3            6.3


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



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

                           At September 30, 2008   At June 30, 2008
                           ---------------------- -------------------
                                 Allowance             Allowance
                                         % of                 % of
                             Balance   Portfolio  Balance   Portfolio
                           ----------- ---------  --------  ---------
  Consumer home equity        $ 83,326      1.22% $ 71,343       1.04%
  Consumer other                 2,938      4.18     2,461       3.59
                           -----------            --------
    Total consumer home
     equity and other           86,264      1.25    73,804       1.07
  Commercial real estate        39,636      1.39    34,790       1.28
  Commercial business           12,575      2.29     7,733       1.39
  Leasing and equipment
   finance                      19,136       .82    16,619        .73
  Residential real estate        1,367       .29       691        .14
                           -----------            --------
    Total                     $158,978      1.21  $133,637       1.03
                           ===========            ========



Allowance for loan and
 lease losses
-----------------------
                                                Allowance as % of
                                                     Portfolio
                        At September 30, 2007      Change from
                        ---------------------- --------------------
                              Allowance        Jun. 30,    Sep. 30,
                                      % of
                         Balance   Portfolio     2008        2007
                        ---------  ----------  --------    --------
  Consumer home equity  $  24,018         .38%      18 bps      84 bps
  Consumer other            1,851        2.75       59         143
                        ---------
    Total consumer home
     equity and other      25,869         .41       18          84
  Commercial real
   estate                  25,838        1.08       11          31
  Commercial business       8,040        1.39       90          90
  Leasing and equipment
   finance                 14,379         .73        9           9
  Residential real
   estate                     506         .09       15          20
                        ---------
    Total               $  74,632         .63       18          58
                        =========



Net Charge-Offs                        Quarter Ended
--------------------- ------------------------------------------------
                      Sep. 30,  Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,
                        2008      2008      2008      2007      2007
                      --------  --------  --------  --------  --------
  Consumer home
   equity
    First mortgage
     lien              $ 8,476   $ 6,692   $ 4,040   $ 3,130   $ 2,656
    Junior lien          9,469     7,205     4,973     3,585     3,231
                      --------  --------  --------  --------  --------
      Total consumer
       home equity      17,945    13,897     9,013     6,715     5,887
  Consumer other         3,282     1,525     1,195     2,379     3,269
                      --------  --------  --------  --------  --------
    Total consumer
     home equity and
     other              21,227    15,422    10,208     9,094     9,156
  Commercial real
   estate                2,694     5,736       466     1,987        19
  Commercial business       65     2,308       597       430       627
  Leasing and
   equipment finance     2,413     3,071     2,105     2,234     1,164
  Residential real
   estate                  365       111       171        69        94
                      --------  --------  --------  --------  --------
    Total              $26,764   $26,648   $13,547   $13,814   $11,060
                      ========  ========  ========  ========  ========



Net Charge-Offs                                       Change from
-------------------------------------------------  ------------------
                                                   Jun. 30,  Sep. 30,
                                                     2008      2007
                                                   --------  --------
  Consumer home equity
    First mortgage lien                            $ 1,784   $ 5,820
    Junior lien                                      2,264     6,238
                                                   --------  --------
      Total consumer home equity                     4,048    12,058
  Consumer other                                     1,757        13
                                                   --------  --------
    Total consumer home equity and other             5,805    12,071
  Commercial real estate                            (3,042)    2,675
  Commercial business                               (2,243)     (562)
  Leasing and equipment finance                       (658)    1,249
  Residential real estate                              254       271
                                                   --------  --------
    Total                                          $   116   $15,704
                                                   ========  ========



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

                                    Quarter Ended (1)
                     ------------------------------------------------
                     Sep. 30,  Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,
                       2008      2008      2008      2007      2007
                     --------  --------  --------  --------  --------
  Consumer home
   equity
    First mortgage
     lien                 .77%      .61%      .38%      .30%      .27%
    Junior lien          1.56      1.19       .84       .62       .58
      Total consumer
       home equity       1.05       .82       .55       .42       .38
  Total consumer         1.23       .90       .62       .56       .59
  Commercial real
   estate                 .39       .86       .07       .33         -
  Commercial
   business               .05      1.74       .44       .30       .44
  Leasing and
   equipment finance      .42       .55       .39       .45       .24
  Residential real
   estate                 .31       .09       .13       .05       .07
    Total                 .82       .84       .44       .46       .38



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

                                                   Change from
                                               --------------------
                                               Jun. 30,    Sep. 30,
                                                 2008        2007
                                               --------    --------
  Consumer home equity
    First mortgage lien                             16 bps      50 bps
    Junior lien                                     37          98
      Total consumer home equity                    23          67
  Total consumer                                    33          64
  Commercial real estate                           (47)         39
  Commercial business                             (169)        (39)
  Leasing and equipment finance                    (13)         18
  Residential real estate                           22          24
    Total                                           (2)         44



Non-performing
 assets                 At        At        At        At        At
--------------------
                     Sep. 30,  Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,
                       2008      2008      2008      2007      2007
                     --------  --------  --------  --------  --------
  Non-accrual loans
   and leases:
    Consumer home
     equity
      First mortgage
       lien          $ 48,603  $ 39,780  $ 28,412  $ 20,776   $13,794
      Junior lien      12,433     9,654     7,434     5,391     4,610
                     --------  --------  --------  --------  --------
        Total
         consumer
         home equity   61,036    49,434    35,846    26,167    18,404
    Consumer other         78       287        13         6        11
                     --------  --------  --------  --------  --------
      Total consumer
       home equity
       and other       61,114    49,721    35,859    26,173    18,415
    Commercial real
     estate            46,011    38,404    34,300    19,999    13,824
    Commercial
     business          16,356     1,306     2,350     2,658     2,686
    Leasing and
     equipment
     finance           18,379    12,820    10,726     8,050     9,177
    Residential real
     estate             4,030     2,996     2,991     2,974     3,133
                     --------  --------  --------  --------  --------
      Total non-
       accrual loans
       and leases     145,890   105,247    86,226    59,854    47,235
  Other real estate
   owned:
    Residential real
     estate            34,101    35,269    30,415    28,752    28,444
    Commercial real
     estate            20,078    19,843    17,400    17,013    14,566
                     --------  --------  --------  --------  --------
      Total other
       real estate
       owned           54,179    55,112    47,815    45,765    43,010
                     --------  --------  --------  --------  --------
    Total non-
     performing
     assets          $200,069  $160,359  $134,041  $105,619   $90,245
                     ========  ========  ========  ========  ========

  Non-performing
   assets as a
   percentage of net
   loans and leases      1.55%     1.25%     1.07%      .86%      .76%



Non-performing assets                              Change from
--------------------------------------------- ---------------------
                                              Jun. 30,    Sep. 30,
                                                2008        2007
                                              --------    ---------
  Non-accrual loans and leases:
    Consumer home equity
      First mortgage lien                     $ 8,823     $ 34,809
      Junior lien                               2,779        7,823
                                              --------    ---------
        Total consumer home equity             11,602       42,632
    Consumer other                               (209)          67
                                              --------    ---------
      Total consumer home equity and other     11,393       42,699
    Commercial real estate                      7,607       32,187
    Commercial business                        15,050       13,670
    Leasing and equipment finance               5,559        9,202
    Residential real estate                     1,034          897
                                              --------    ---------
      Total non-accrual loans and leases       40,643       98,655
  Other real estate owned:
    Residential real estate                    (1,168)       5,657
    Commercial real estate                        235        5,512
                                              --------    ---------
      Total other real estate owned              (933)      11,169
                                              --------    ---------
    Total non-performing assets               $39,710     $109,824
                                              ========    =========

  Non-performing assets as a percentage of
   net loans and leases                            30 bps       79 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
                      Sep. 30,  Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,
                        2008      2008      2008      2007      2007
                      --------  --------  --------  --------  --------
  30 days or more:
  Consumer home
   equity
    First mortgage
     lien             $ 70,393  $ 51,081  $ 50,097  $ 31,784  $ 27,957
    Junior lien         20,074    14,818    15,378    12,289    11,185
                      --------  --------  --------  --------  --------
      Total consumer
       home equity      90,467    65,899    65,475    44,073    39,142
  Consumer other           515       437       342       377       416
                      --------  --------  --------  --------  --------
    Total consumer
     home equity and
     other              90,982    66,336    65,817    44,450    39,558
  Commercial real
   estate               15,732    17,877     7,888    11,382     7,140
  Commercial business      531     2,167       527     1,071     2,653
  Leasing and
   equipment finance    24,982    21,982    19,956    15,691    15,651
  Residential real
   estate                9,898    12,461    10,149     9,983     9,567
                      --------  --------  --------  --------  --------
    Total 30 days or
     more             $142,125  $120,823  $104,337  $ 82,577  $ 74,569
                      ========  ========  ========  ========  ========

     Total 90 days or
      more and still
      accruing        $ 34,808  $ 28,180  $ 23,538  $ 15,384  $ 13,887


Delinquency data - principal balances (1)
-------------------------------------------------
                                                      Change from
                                                   ------------------
                                                   Jun. 30,  Sep. 30,
                                                     2008      2007
                                                   --------  --------
  30 days or more:
  Consumer home equity
    First mortgage lien                            $19,312   $42,436
    Junior lien                                      5,256     8,889
                                                   --------  --------
      Total consumer home equity                    24,568    51,325
  Consumer other                                        78        99
                                                   --------  --------
    Total consumer home equity and other            24,646    51,424
  Commercial real estate                            (2,145)    8,592
  Commercial business                               (1,636)   (2,122)
  Leasing and equipment finance                      3,000     9,331
  Residential real estate                           (2,563)      331
                                                   --------  --------
    Total 30 days or more                          $21,302   $67,556
                                                   ========  ========

     Total 90 days or more and still accruing      $ 6,628   $20,921


Delinquency data - %
 of portfolio (1)
--------------------
                        At        At        At        At        At
                     Sep. 30,  Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,
                       2008      2008      2008      2007      2007
                     --------  --------  --------  --------  --------
  30 days or more:
  Consumer home
   equity
    First mortgage
     lien                1.62%     1.17%     1.17%      .76%      .69%
    Junior lien           .83       .61       .64       .53       .50
      Total consumer
       home equity       1.34       .97       .98       .68       .62
  Consumer other          .73       .64       .55       .56       .62
    Total consumer
     home equity and
     other               1.33       .97       .98       .68       .62
  Commercial real
   estate                 .56       .66       .31       .45       .30
  Commercial
   business               .10       .39       .10       .19       .46
  Leasing and
   equipment finance     1.08       .98       .92       .75       .80
  Residential real
   estate                2.12      2.58      2.02      1.90      1.76
    Total 30 days or
     more                1.10       .94       .83       .67       .63

    Total 90 days or
     more and still
     accruing             .27       .22       .19       .12       .12


Delinquency data - % of portfolio (1)
----------------------------------------------
                                                   Change from
                                               --------------------
                                               Jun. 30,    Sep. 30,
                                                 2008        2007
                                               --------    --------
  30 days or more:
  Consumer home equity
    First mortgage lien                             45 bps      93 bps
    Junior lien                                     22          33
      Total consumer home equity                    37          72
  Consumer other                                     9          11
    Total consumer home equity and other            36          71
  Commercial real estate                           (10)         26
  Commercial business                              (29)        (36)
  Leasing and equipment finance                     10          28
  Residential real estate                          (46)         36
    Total 30 days or more                           16          47

    Total 90 days or more and still accruing         5          15


Potential Problem
 Loans and Leases
 (2)
--------------------
                        At        At        At        At        At
                     Sep. 30,  Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,
                       2008      2008      2008      2007      2007
                     --------  --------  --------  --------  --------
  Consumer home
   equity (3)        $ 23,844  $ 24,722  $ 15,120  $  4,861  $  1,102
  Commercial real
   estate             100,028   100,288    36,172    31,511    42,277
  Commercial
   business            30,619    49,809    34,787     8,695     8,764
  Leasing and
   equipment finance   17,950    16,967    16,010    15,015    14,109
                     --------  --------  --------  --------  --------
                     $172,441  $191,786  $102,089  $ 60,082  $ 66,252
                     ========  ========  ========  ========  ========


Potential Problem Loans and Leases (2)
------------------------------------------------
                                                     Change from
                                                 --------------------
                                                 Jun. 30,   Sep. 30,
                                                   2008       2007
                                                 ---------  ---------
  Consumer home equity (3)                       $   (878)  $ 22,742
  Commercial real estate                             (260)    57,751
  Commercial business                             (19,190)    21,855
  Leasing and equipment finance                       983      3,841
                                                 ---------  ---------
                                                 $(19,345)  $106,189
                                                 =========  =========


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

ASSETS

  Investments and other              $   157,612 $  1,644       4.16%
  Securities available for sale        2,160,887   28,577       5.29
  Education loans held for sale           12,516      123       3.91
  Loans and leases:
    Consumer home equity:
      Fixed-rate                       5,072,689   86,618       6.79
      Variable-rate                    1,758,457   27,376       6.19
    Consumer - other                      45,939      963       8.34
                                     ----------- --------
        Total consumer home equity
         and other                     6,877,085  114,957       6.65
    Commercial real estate:
      Fixed- and adjustable-rate       2,181,838   33,598       6.13
      Variable-rate                      594,992    7,440       4.97
                                     ----------- --------
        Total commercial real estate   2,776,830   41,038       5.88
    Commercial business:
      Fixed- and adjustable-rate         167,079    2,363       5.63
      Variable-rate                      377,747    4,363       4.59
                                     ----------- --------
        Total commercial business        544,826    6,726       4.91
    Leasing and equipment finance      2,300,429   41,059       7.14
                                     ----------- --------
      Subtotal                        12,499,170  203,780       6.49
    Residential real estate              477,436    6,871       5.75
                                     ----------- --------
      Total loans and leases          12,976,606  210,651       6.47
                                     ----------- --------
                                                                   -
        Total interest-earning
         assets                       15,307,621  240,995       6.27
                                     ----------- --------

  Other assets                         1,103,938
                                     -----------

    Total assets                     $16,411,559
                                     ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
    Retail                           $ 1,409,855
    Small business                       597,894
    Commercial and custodial             253,900
                                     -----------
      Total non-interest bearing
       deposits                        2,261,649
  Interest-bearing deposits:
    Premier checking                     933,189    1,978       0.84
    Other checking                       904,351      500       0.22
                                     ----------- --------
      Subtotal                         1,837,540    2,478       0.54
    Premier savings                    1,403,323    7,605       2.16
    Other savings                      1,388,236    2,552       0.73
                                     ----------- --------
      Subtotal                         2,791,559   10,157       1.45
    Money market                         629,905    2,310       1.46
                                     ----------- --------
      Subtotal                         5,259,004   14,945       1.13
    Certificates of deposit            2,469,327   18,785       3.02
                                     ----------- --------
      Total interest-bearing
       deposits                        7,728,331   33,730       1.74
                                     ----------- --------
                                                                   -
        Total deposits                 9,989,980   33,730       1.34
                                     ----------- --------
                                                                   -
  Borrowings:
    Short-term borrowings                429,861    2,301       2.13
    Long-term borrowings               4,567,706   52,799       4.60
                                     ----------- --------
        Total borrowings               4,997,567   55,100       4.39
                                     ----------- --------

    Total deposits and borrowings     14,987,547   88,830       2.36
                                     ----------- --------

  Other liabilities                      339,304
                                     -----------

    Total liabilities                 15,326,851

  Stockholders' equity                 1,084,708
                                     -----------

    Total liabilities and
     stockholders' equity            $16,411,559
                                     ===========


Net interest income and margin                   $152,165       3.97%
                                                 ========


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

ASSETS

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

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

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

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

LIABILITIES AND STOCKHOLDERS' EQUITY

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

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

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

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

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

    Total liabilities                  14,213,915

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

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


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


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



                                      Nine Months Ended September 30,
                                     ---------------------------------
                                                   2008
                                     ---------------------------------
                                       Average            Yields and
                                       Balance   Interest Rates (1)
                                     ----------- -------- ----------

ASSETS

  Investments and other              $   152,232 $  4,713       4.13%
  Securities available for sale        2,162,135   85,714       5.29
  Education loans held for sale          116,754    5,331       6.10
  Loans and leases:
    Consumer home equity:
      Fixed-rate                       5,047,047  258,835       6.85
      Variable-rate                    1,688,362   82,071       6.49
    Consumer - other                      45,481    2,937       8.63
                                     ----------- --------
        Total consumer home equity
         and other                     6,780,890  343,843       6.77
    Commercial real estate:
      Fixed- and adjustable-rate       2,073,784   96,710       6.23
      Variable-rate                      593,164   23,654       5.33
                                     ----------- --------
        Total commercial real estate   2,666,948  120,364       6.03
    Commercial business:
      Fixed- and adjustable-rate         167,502    7,551       6.02
      Variable-rate                      371,846   14,229       5.11
                                     ----------- --------
        Total commercial business        539,348   21,780       5.39
    Leasing and equipment finance      2,223,811  123,137       7.38
                                     ----------- --------
      Subtotal                        12,210,997  609,124       6.66
    Residential real estate              497,126   21,711       5.83
                                     ----------- --------
      Total loans and leases          12,708,123  630,835       6.63
                                     ----------- --------
        Total interest-earning
         assets                       15,139,244  726,593       6.41
                                     ----------- --------
  Other assets                         1,167,961
                                     -----------
    Total assets                     $16,307,205
                                     ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
    Retail                           $ 1,429,752
    Small business                       580,248
    Commercial and custodial             231,184
                                     -----------
      Total non-interest bearing
       deposits                        2,241,184
  Interest-bearing deposits:
    Premier checking                     977,007    8,314       1.14
    Other checking                       878,956    1,684       0.26
                                     ----------- --------
      Subtotal                         1,855,963    9,998       0.72
    Premier savings                    1,465,115   27,680       2.52
    Other savings                      1,335,005    7,919       0.79
                                     ----------- --------
      Subtotal                         2,800,120   35,599       1.70
    Money market                         609,629    7,474       1.64
                                     ----------- --------
      Subtotal                         5,265,712   53,071       1.35
    Certificates of deposit            2,480,262   66,341       3.57
                                     ----------- --------
      Total interest-bearing
       deposits                        7,745,974  119,412       2.06
                                     ----------- --------
        Total deposits                 9,987,158  119,412       1.60
                                     ----------- --------

  Borrowings:
    Short-term borrowings                397,514    7,888       2.65
    Long-term borrowings               4,467,752  152,737       4.57
                                     ----------- --------
        Total borrowings               4,865,266  160,625       4.41
                                     ----------- --------
    Total deposits and borrowings     14,852,424  280,037       2.52
                                     ----------- --------
  Other liabilities                      356,031
                                     -----------
    Total liabilities                 15,208,455
  Stockholders' equity                 1,098,750
                                     -----------
    Total liabilities and
     stockholders' equity            $16,307,205
                                     ===========

Net interest income and margin                   $446,556       3.94%
                                                 ========




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

ASSETS

  Investments and other               $   188,444 $  6,642       4.71%
  Securities available for sale         1,969,799   80,209       5.43
  Education loans held for sale           154,978   10,099       8.71
  Loans and leases:
    Consumer home equity:
      Fixed-rate                        4,614,472  240,538       6.97
      Variable-rate                     1,439,942   94,384       8.76
    Consumer - other                       43,014    3,193       9.92
                                      ----------- --------
        Total consumer home equity
         and other                      6,097,428  338,115       7.41
    Commercial real estate:
      Fixed- and adjustable-rate        1,756,917   84,298       6.42
      Variable-rate                       609,225   35,549       7.80
                                      ----------- --------
        Total commercial real estate    2,366,142  119,847       6.77
    Commercial business:
      Fixed- and adjustable-rate          166,490    7,999       6.42
      Variable-rate                       392,797   22,062       7.51
                                      ----------- --------
        Total commercial business         559,287   30,061       7.19
    Leasing and equipment finance       1,885,427  108,290       7.66
                                      ----------- --------
      Subtotal                         10,908,284  596,313       7.31
    Residential real estate               587,058   25,558       5.81
                                      ----------- --------
      Total loans and leases           11,495,342  621,871       7.23
                                      ----------- --------
        Total interest-earning
         assets                        13,808,563  718,821       6.95
                                      ----------- --------
  Other assets                          1,148,528
                                      -----------
    Total assets                      $14,957,091
                                      ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

  Non-interest bearing deposits:
    Retail                            $ 1,476,451
    Small business                        593,122
    Commercial and custodial              198,848
                                      -----------
      Total non-interest bearing
       deposits                         2,268,421
  Interest-bearing deposits:
    Premier checking                    1,064,024   24,196       3.04
    Other checking                        827,580    2,164        .35
                                      ----------- --------
      Subtotal                          1,891,604   26,360       1.86
    Premier savings                     1,127,843   36,175       4.29
    Other savings                       1,296,350   11,466       1.18
                                      ----------- --------
      Subtotal                          2,424,193   47,641       2.63
    Money market                          606,885   13,322       2.93
                                      ----------- --------
      Subtotal                          4,922,682   87,323       2.38
    Certificates of deposit             2,512,832   88,514       4.70
                                      ----------- --------
      Total interest-bearing
       deposits                         7,435,514  175,837       3.16
                                      ----------- --------
        Total deposits                  9,703,935  175,837       2.42
                                      ----------- --------

  Borrowings:
    Short-term borrowings                 156,243    6,185       5.29
    Long-term borrowings                3,738,123  126,193       4.51
                                      ----------- --------
        Total borrowings                3,894,366  132,378       4.54
                                      ----------- --------
    Total deposits and borrowings      13,598,301  308,215       3.03
                                      ----------- --------
  Other liabilities                       335,389
                                      -----------
    Total liabilities                  13,933,690
  Stockholders' equity                  1,023,401
                                      -----------
    Total liabilities and
     stockholders' equity             $14,957,091
                                      ===========

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


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


                             At or For the Three Months Ended
                     ------------------------------------------------
                     Sep. 30,  Jun. 30,  Mar. 31,  Dec. 31,  Sep. 30,
                       2008      2008      2008      2007      2007
                     --------  --------  --------  --------  --------
Interest income:
 Loans and leases    $210,651  $208,407  $211,777  $215,082  $213,528
 Securities
  available for sale   28,577    28,858    28,279    29,372    28,439
 Education loans
  held for sale           123     1,756     3,452     3,153     2,588
 Investments and
  other                 1,644     1,427     1,642     1,595     2,279
                     --------  --------  --------  --------  --------
  Total interest
   income             240,995   240,448   245,150   249,202   246,834
                     --------  --------  --------  --------  --------
Interest expense:
 Deposits              33,730    36,954    48,728    54,788    60,440
 Borrowings            55,100    51,932    53,593    54,843    48,690
                     --------  --------  --------  --------  --------
  Total interest
   expense             88,830    88,886   102,321   109,631   109,130
                     --------  --------  --------  --------  --------
   Net interest
    income            152,165   151,562   142,829   139,571   137,704
Provision for credit
 losses                52,105    62,895    29,995    20,124    18,883
                     --------  --------  --------  --------  --------
  Net interest
   income after
   provision for
   credit losses      100,060    88,667   112,834   119,447   118,821
                     --------  --------  --------  --------  --------
Non-interest income:
 Fees and service
  charges              71,783    67,961    63,547    72,331    71,965
 Card revenue          26,240    26,828    24,771    25,058    25,685
 ATM revenue            8,720     8,267     7,970     8,306     9,251
 Investments and
  insurance revenue     3,193     2,977     3,235     2,736     2,632
                     --------  --------  --------  --------  --------
  Subtotal            109,936   106,033    99,523   108,431   109,533
 Leasing and
  equipment finance    13,006    14,050    12,134    14,841    15,110
 Other                    103     1,421     1,048     1,573     1,751
                     --------  --------  --------  --------  --------
  Fees and other
   revenue            123,045   121,504   112,705   124,845   126,394
 Visa share
  redemption                -         -     8,308         -         -
 Gains on sales of
  securities
  available for sale      498     1,115     6,286    11,261     2,017
 Gains on sales of
  branches and real
  estate                    -         -         -     2,752     1,246
                     --------  --------  --------  --------  --------
   Total non-
    interest income   123,543   122,619   127,299   138,858   129,657
                     --------  --------  --------  --------  --------
Non-interest
 expense:
 Compensation and
  employee benefits    84,895    84,267    88,718    86,555    85,113
 Occupancy and
  equipment            31,832    31,205    32,413    30,818    30,226
 Advertising and
  promotions           12,309     7,130     6,296     4,632     5,480
 Other                 44,337    41,667    36,335    46,087    37,632
                     --------  --------  --------  --------  --------
  Subtotal            173,373   164,269   163,762   168,092   158,451
 Operating lease
  depreciation          4,215     4,460     4,514     4,521     4,326
                     --------  --------  --------  --------  --------
  Total non-interest
   expense            177,588   168,729   168,276   172,613   162,777
                     --------  --------  --------  --------  --------
   Income before
    income tax
    expense            46,015    42,557    71,857    85,692    85,701
Income tax expense     15,889    18,855    24,431    22,875    26,563
                     --------  --------  --------  --------  --------
  Net income         $ 30,126  $ 23,702  $ 47,426  $ 62,817  $ 59,138
                     ========  ========  ========  ========  ========

Net income per
 common share:
 Basic               $    .24  $    .19  $    .38  $    .51  $    .48
 Diluted                  .24       .19       .38       .50       .48

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

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

Return on average
 assets (1)               .73%      .58%     1.18%     1.60%     1.55%
Return on average
 common equity (1)      11.11      8.57     17.08     23.55     23.39
Net interest margin
 (1)                     3.97      4.00      3.84      3.83      3.90
Net charge-offs as a
 percentage of
 average loans and
 leases (1)               .82       .84       .44       .46       .38
Average total equity
 to average assets       6.61      6.76      6.88      6.79      6.64

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



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

ASSETS

Cash and due from banks         $   288,884  $   280,606  $   304,441
Investments and other               157,612      148,366      150,659
Securities available for sale     2,160,887    2,184,580    2,140,951
Education loans held for sale        12,516      123,457      215,434
Loans and leases:
  Consumer home equity:
    Fixed-rate                    5,072,689    5,084,761    4,983,410
    Variable-rate                 1,758,457    1,702,825    1,603,032
  Consumer - other                   45,939       46,492       44,008
                                ------------ ------------ ------------
      Total consumer home
       equity and other           6,877,085    6,834,078    6,630,450
  Commercial real estate:
    Fixed- and adjustable-rate    2,181,838    2,062,983    1,975,344
    Variable-rate                   594,992      593,409      591,071
                                ------------ ------------ ------------
      Total commercial real
       estate                     2,776,830    2,656,392    2,566,415
  Commercial business:
    Fixed- and adjustable-rate      167,079      157,740      177,691
    Variable-rate                   377,747      371,730      365,997
                                ------------ ------------ ------------
      Total commercial business     544,826      529,470      543,688
  Leasing and equipment finance   2,300,429    2,229,467    2,140,695
                                ------------ ------------ ------------
    Subtotal                     12,499,170   12,249,407   11,881,248
  Residential real estate           477,436      496,367      517,791
                                ------------ ------------ ------------
    Total loans and leases       12,976,606   12,745,774   12,399,039
  Allowance for loan and lease
   losses                          (140,362)    (102,126)     (84,048)
                                ------------ ------------ ------------
    Net loans and leases         12,836,244   12,643,648   12,314,991
Premises and equipment              443,185      442,016      440,516
Goodwill                            152,599      152,599      152,599
Other assets                        359,632      398,582      415,462
                                ------------ ------------ ------------
                                $16,411,559  $16,373,854  $16,135,053
                                ============ ============ ============

LIABILITIES AND STOCKHOLDERS'
 EQUITY

Non-interest-bearing deposits:
  Retail                        $ 1,409,855  $ 1,464,237  $ 1,415,379
  Small business                    597,894      577,510      565,148
  Commercial and custodial          253,900      238,779      200,624
                                ------------ ------------ ------------
    Total non-interest bearing
     deposits                     2,261,649    2,280,526    2,181,151
Interest-bearing deposits:
  Premier checking                  933,189      989,512    1,008,802
  Other checking                    904,351      894,436      837,804
                                ------------ ------------ ------------
    Subtotal                      1,837,540    1,883,948    1,846,606
  Premier savings                 1,403,323    1,518,703    1,473,997
  Other savings                   1,388,236    1,365,141    1,251,053
                                ------------ ------------ ------------
    Subtotal                      2,791,559    2,883,844    2,725,050
  Money market                      629,905      609,369      589,392
                                ------------ ------------ ------------
    Subtotal                      5,259,004    5,377,161    5,161,048
  Certificates of deposit         2,469,327    2,471,216    2,500,362
                                ------------ ------------ ------------
    Total interest-bearing
     deposits                     7,728,331    7,848,377    7,661,410
                                ------------ ------------ ------------
      Total deposits              9,989,980   10,128,903    9,842,561
                                ------------ ------------ ------------
Borrowings:
  Short-term borrowings             429,861      363,302      399,023
  Long-term borrowings            4,567,706    4,419,821    4,414,630
                                ------------ ------------ ------------
    Total borrowings              4,997,567    4,783,123    4,813,653
Accrued expenses and other
 liabilities                        339,304      355,187      368,216
                                ------------ ------------ ------------
    Total liabilities            15,326,851   15,267,213   15,024,430
                                ------------ ------------ ------------
Stockholders' equity:
  Common stock                        1,309        1,311        1,312
  Additional paid-in capital        336,127      347,043      351,447
  Retained earnings                 927,939      935,184      926,497
  Accumulated other
   comprehensive loss               (36,468)     (19,748)      (5,715)
  Treasury stock at cost and
   other                           (144,199)    (157,149)    (162,918)
                                ------------ ------------ ------------
                                  1,084,708    1,106,641    1,110,623
                                ------------ ------------ ------------
                                $16,411,559  $16,373,854  $16,135,053
                                ============ ============ ============

Supplemental Information:
-------------------------------
Securities available for sale   $ 2,160,887  $ 2,184,580  $ 2,140,951
Residential real estate loans       477,436      496,367      517,791
                                ------------ ------------ ------------
  Total securities available
   for sale and residential
   real estate loans            $ 2,638,323  $ 2,680,947  $ 2,658,742
                                ============ ============ ============



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

ASSETS

Cash and due from banks                      $   310,010  $   309,596
Investments and other                            147,058      203,406
Securities available for sale                  2,187,068    2,078,155
Education loans held for sale                    153,146      110,449
Loans and leases:
  Consumer home equity:
    Fixed-rate                                 4,889,304    4,750,552
    Variable-rate                              1,522,243    1,455,701
  Consumer - other                                45,294       45,440
                                             ------------ ------------
      Total consumer home equity and other     6,456,841    6,251,693
  Commercial real estate:
    Fixed- and adjustable-rate                 1,839,817    1,786,829
    Variable-rate                                605,195      584,378
                                             ------------ ------------
      Total commercial real estate             2,445,012    2,371,207
  Commercial business:
    Fixed- and adjustable-rate                   179,525      170,593
    Variable-rate                                395,356      395,871
                                             ------------ ------------
      Total commercial business                  574,881      566,464
  Leasing and equipment finance                2,005,889    1,937,269
                                             ------------ ------------
    Subtotal                                  11,482,623   11,126,633
  Residential real estate                        537,449      559,413
                                             ------------ ------------
    Total loans and leases                    12,020,072   11,686,046
  Allowance for loan and lease losses            (77,072)     (68,564)
                                             ------------ ------------
    Net loans and leases                      11,943,000   11,617,482
Premises and equipment                           435,426      427,632
Goodwill                                         152,599      152,599
Other assets                                     377,465      325,846
                                             ------------ ------------
                                             $15,705,772  $15,225,165
                                             ============ ============

LIABILITIES AND STOCKHOLDERS' EQUITY

Non-interest-bearing deposits:
  Retail                                     $ 1,348,202  $ 1,406,155
  Small business                                 600,491      596,197
  Commercial and custodial                       201,161      195,529
                                             ------------ ------------
    Total non-interest bearing deposits        2,149,854    2,197,881
Interest-bearing deposits:
  Premier checking                             1,026,408    1,048,449
  Other checking                                 816,512      823,833
                                             ------------ ------------
    Subtotal                                   1,842,920    1,872,282
  Premier savings                              1,353,638    1,202,672
  Other savings                                1,229,808    1,274,164
                                             ------------ ------------
    Subtotal                                   2,583,446    2,476,836
  Money market                                   598,483      606,198
                                             ------------ ------------
    Subtotal                                   5,024,849    4,955,316
  Certificates of deposit                      2,307,411    2,498,936
                                             ------------ ------------
    Total interest-bearing deposits            7,332,260    7,454,252
                                             ------------ ------------
      Total deposits                           9,482,114    9,652,133
                                             ------------ ------------
Borrowings:
  Short-term borrowings                          450,027      183,582
  Long-term borrowings                         4,340,891    4,043,570
                                             ------------ ------------
    Total borrowings                           4,790,918    4,227,152
Accrued expenses and other liabilities           365,888      334,630
                                             ------------ ------------
    Total liabilities                         14,638,920   14,213,915
                                             ------------ ------------
Stockholders' equity:
  Common stock                                     1,315        1,315
  Additional paid-in capital                     353,365      351,905
  Retained earnings                              901,799      871,691
  Accumulated other comprehensive loss           (24,229)     (52,355)
  Treasury stock at cost and other              (165,398)    (161,306)
                                             ------------ ------------
                                               1,066,852    1,011,250
                                             ------------ ------------
                                             $15,705,772  $15,225,165
                                             ============ ============

Supplemental Information:
--------------------------------------------
Securities available for sale                $ 2,187,068  $ 2,078,155
Residential real estate loans                    537,449      559,413
                                             ------------ ------------
  Total securities available for sale and
   residential real estate loans             $ 2,724,517  $ 2,637,568
                                             ============ ============
              TCF FINANCIAL CORPORATION AND SUBSIDIARIES
             CONSOLIDATED QUARTERLY YIELDS AND RATES (1)
                             (Unaudited)


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

ASSETS

  Investments and
   other                 4.16%     3.86%     4.38%     4.31%     4.45%
  Securities
   available for
   sale                  5.29      5.28      5.28      5.37      5.47
  Education loans
   held for sale         3.91      5.72      6.44      8.17      9.30
  Loans and leases:
   Consumer home
    equity:
    Fixed-rate           6.79      6.82      6.94      6.98      6.99
    Variable-rate        6.19      6.26      7.07      7.98      8.67
   Consumer - other      8.34      8.60      8.96      9.76      9.74
     Total consumer
      home equity
      and other          6.65      6.70      6.98      7.23      7.40
   Commercial real
    estate:
    Fixed- and
     adjustable-rate     6.13      6.20      6.36      6.44      6.44
    Variable-rate        4.97      5.04      5.97      7.09      7.86
     Total
      commercial
      real estate        5.88      5.95      6.27      6.60      6.79
   Commercial
    business:
    Fixed- and
     adjustable-rate     5.63      6.20      6.24      6.31      6.32
    Variable-rate        4.59      4.86      5.90      6.91      7.51
     Total
      commercial
      business           4.91      5.26      6.01      6.72      7.16
   Leasing and
    equipment
    finance              7.14      7.38      7.65      7.82      7.84
    Subtotal             6.49      6.60      6.90      7.17      7.34
   Residential real
    estate               5.75      5.86      5.86      5.77      5.77
    Total loans and
     leases              6.47      6.57      6.86      7.11      7.26

     Total interest-
      earning assets     6.27      6.35      6.60      6.83      6.97


LIABILITIES

  Interest-bearing
   deposits:
   Premier checking       .84       .93      1.62      2.49      3.05
   Other checking         .22       .23       .32       .40       .43
    Subtotal              .54       .60      1.03      1.57      1.90
   Premier savings       2.16      2.20      3.21      4.05      4.35
   Other savings          .73       .69       .97      1.13      1.29
    Subtotal             1.45      1.49      2.18      2.66      2.77
   Money market          1.46      1.45      2.03      2.76      3.02
    Subtotal             1.13      1.17      1.76      2.27      2.48
   Certificates of
    deposit              3.02      3.47      4.21      4.47      4.68
    Total interest-
     bearing
     deposits            1.74      1.89      2.56      2.96      3.22

     Total deposits      1.34      1.47      1.99      2.29      2.48

  Borrowings:
   Short-term
    borrowings           2.13      2.19      3.64      4.57      5.32
   Long-term
    borrowings           4.60      4.54      4.55      4.54      4.54
    Total borrowings     4.39      4.37      4.48      4.54      4.57

     Total interest-
      bearing
      liabilities        2.78      2.82      3.30      3.59      3.71


Net interest margin      3.97%     4.00%     3.84%     3.83%     3.90%

(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.