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

SECOND QUARTER HIGHLIGHTS

-- Diluted earnings per share of 19 cents

-- Net income of $23.7 million

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

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

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

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

-- Capital ratios exceed stated well capitalized requirements
WAYZATA, Minn.--(Business Wire)--
TCF Financial Corporation (NYSE: TCB):

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

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

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

(1) Annualized

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

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

(1) Annualized
*T

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

Diluted earnings per share for the first six months of 2008 was 57
cents, compared with $1.14 for the same 2007 period. The first six
months of 2008 includes an $8.3 million pre-tax gain from Visa's
initial public offering, a $3.8 million pre-tax expense reduction
related to a decrease in TCF's estimated contingent obligation in
regard to TCF's Visa USA litigation indemnification, $7.4 million in
pre-tax gains on sales of securities and $5 million of adjustments
related to increased state income taxes for a net after-tax credit of
six cents per diluted share. The first six months of 2007 included a
$31.2 million pre-tax gain on the sale of ten outstate Michigan
branches, $2.7 million of pre-tax gains on sales of real estate, and
$10.4 million of favorable income tax settlements and adjustments for
a total after-tax credit of 26 cents per diluted share.

Chief Executive Officer's Statement

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

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

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

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

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

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

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

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

N.M. = Not Meaningful
(1) Annualized
*T

Net Interest Income

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

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

Non-interest Income

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

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

Card revenues totaled $26.8 million for the second quarter of
2008, up $2 million, or 7.8 percent, over the same period in 2007 due
to higher sales volume primarily as a result of increases in customer
transactions.

Leasing and equipment finance revenues were $14.1 million for the
second quarter of 2008, down $1.1 million, or 7.6 percent, from the
2007 second quarter due to lower sales-type lease revenue and
operating lease revenue. Leasing and equipment finance revenues may
fluctuate from period to period based on customer driven factors not
entirely within the control of TCF.

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

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

Branches

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

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

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

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

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

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

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

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

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

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

Power Assets(R)

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

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

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

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

TCF's average Power Assets grew $1.4 billion, or 12.8 percent,
from the second quarter of 2007. TCF's average consumer home equity
loan balances increased $751.9 million, or 12.5 percent, average
commercial loan balances increased $279.1 million, or 9.6 percent, and
average leasing and equipment finance balances increased $349.5
million, or 18.6 percent.

TCF does not have any subprime lending programs. TCF also does not
originate consumer home equity loans with multiple payment options or
loans with "teaser" interest rates. At June 30, 2008, 63.9 percent of
the consumer home equity portfolio was secured by first liens.

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

Power Liabilities(R)

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

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

Average rate on
deposits 1.47% 1.99% 2.40%

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

Average rate on deposits 1.73% 2.39%
*T

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

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

Non-interest Expense

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

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

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

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

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

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

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

Credit Quality

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Income Taxes

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

Capital

-0-
*T
Capital Information Table 9
----------------------------------------------------------------------
At period end
($ in thousands, except per-
share data) 2Q 4Q
2008 2007
---------- ----------
Stockholders' equity $1,088,301 $1,099,012
Stockholders' equity to
total assets 6.61 % 6.88 %
Book value per common share $ 8.60 $ 8.68

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

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

Website Information

A live webcast of TCF's conference call to discuss second quarter
earnings will be hosted at TCF's website, www.tcfbank.com, on July 23,
2008 at 10:00 a.m., CT. Additionally, the webcast is available for
replay at TCF's website after the conference call. The website also
includes free access to company news releases, TCF's annual report,
quarterly reports, investor presentations and SEC filings.

-0-
*T

----------------------------------------------------------------------
TCF is a Wayzata, Minnesota-based national financial holding company
with $16.5 billion in total assets. The company has 454 banking
offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin,
Indiana and Arizona, providing retail and commercial banking
services, and investments and insurance products. TCF also conducts
leasing and equipment finance business in all 50 states.
----------------------------------------------------------------------
*T

Forward-looking Information

This earnings release and other reports issued by the Company,
including reports filed with the SEC, may contain "forward-looking"
statements that deal with future results, plans or performance. In
addition, TCF's management may make such statements orally to the
media, or to securities analysts, investors or others. Forward-looking
statements deal with matters that do not relate strictly to historical
facts. TCF's future results may differ materially from historical
performance and forward-looking statements about TCF's expected
financial results or other plans and are subject to a number of risks
and uncertainties. These include, but are not limited, to possible
legislative changes and adverse economic, business and competitive
developments such as shrinking interest margins; deposit outflows; an
inability to increase the number of deposit accounts and the
possibility that deposit account losses (fraudulent checks, etc.) may
increase; impact of legal, legislative or other changes affecting
customer account charges and fee income; reduced demand for financial
services and loan and lease products; adverse developments affecting
TCF's supermarket banking relationships or any of the supermarket
chains in which TCF maintains supermarket branches; changes in
accounting standards or interpretations of existing standards;
monetary, fiscal or tax policies of the federal or state governments;
including adoption of state legislation that would increase state
taxes; adverse findings in tax audits or regulatory examinations and
resulting enforcement actions; changes in credit and other risks posed
by TCF's loan, lease, investment, and securities available for sale
portfolios, including declines in commercial or residential real
estate values or changes in allowance for loan and lease losses
methodology dictated by new market conditions or regulatory
requirements; lack of or inadequate insurance coverage for claims
against TCF; technological, computer-related or operational
difficulties or loss or theft of information; adverse changes in
securities markets directly or indirectly affecting TCF's ability to
sell assets or to fund its operations; and results of litigation,
including possible increases in indemnification obligations for
certain litigation against Visa USA ("covered litigation") and
potential reductions in card revenues resulting from other litigation
against Visa; heightened regulatory practices, requirements or
expectations; or other significant uncertainties. Investors should
consult TCF's Annual Report on Form 10-K, and Forms 10-Q and 8-K for
additional important information about the Company.

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per-share data)
(Unaudited)

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

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

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

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

N.M. Not meaningful
*T

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per-share data)
(Unaudited)

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

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

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

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

N.M. Not meaningful.
*T

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Dollars in thousands, except per-share data)
(Unaudited)

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

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

LIABILITIES AND STOCKHOLDERS'
EQUITY

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

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

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

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

LIABILITIES AND STOCKHOLDERS' EQUITY

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

Treasury stock at cost, 4,576,330;
4,866,480 and 4,545,780 shares, and
other 5.2 (.4)
Total stockholders' equity (1.0) 8.7
Total liabilities and stockholders'
equity 3.0 9.9
*T

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CREDIT QUALITY DATA
(Dollars in thousands)
(Unaudited)

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

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

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

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

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

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

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

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

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

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

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

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

Non-performing assets as a percentage of
net loans and leases 18 bps 51 bps

(1) Annualized
*T

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CREDIT QUALITY DATA
(Dollars in thousands)
(Unaudited)

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

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

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

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

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

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

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

Total 90 days or more and still accruing 3 4

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

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

(1) Excludes non-accrual loans and leases.
(2) Consists of loans and leases primarily classified for regulatory
purposes as substandard and reflect the distinct possibility, but
not probability, that they will become non-performing or that TCF
will not be able to collect all amounts due according to the
contractual terms of the loan or lease agreement.
(3) Consists of certain loans with restructured terms.
*T

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES
(Dollars in thousands)
(Unaudited)

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

ASSETS

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

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

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

LIABILITIES AND
STOCKHOLDERS' EQUITY

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

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

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

Total liabilities 15,267,213

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

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

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

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

ASSETS

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

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

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

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

LIABILITIES AND STOCKHOLDERS' EQUITY

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

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

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

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

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

Total liabilities 13,823,197

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

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

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

(1) Annualized
*T

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES
(Dollars in thousands)
(Unaudited)

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

ASSETS

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

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

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

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

LIABILITIES AND
STOCKHOLDERS' EQUITY

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

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

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

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

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

Total liabilities 15,147,549

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

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

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

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

ASSETS

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

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

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

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

LIABILITIES AND STOCKHOLDERS' EQUITY

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

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

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

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

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

Total liabilities 13,789,017

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

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

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

(1) Annualized.
*T

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME AND FINANCIAL RATIOS
(Dollars in thousands, except per-share data)
(Unaudited)

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

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

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

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

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

(1) Annualized
*T

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED QUARTERLY AVERAGE BALANCE SHEETS AND SUPPLEMENTAL
INFORMATION
(In thousands)
(Unaudited)

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

ASSETS

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

LIABILITIES AND STOCKHOLDERS'
EQUITY

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

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

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

ASSETS

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

LIABILITIES AND STOCKHOLDERS' EQUITY

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

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

-0-
*T
TCF FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED QUARTERLY YIELDS AND RATES (1)
(Unaudited)

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

ASSETS

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

Total interest-
earning assets 6.35 6.60 6.83 6.97 6.97

LIABILITIES

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

Total deposits 1.47 1.99 2.29 2.48 2.40

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

Total interest-
bearing
liabilities 2.83 3.30 3.59 3.71 3.00

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

(1) Annualized
*T

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

Copyright Business Wire 2008