TCF Financial 8-K Results of Operations and Financial Condition

Exhibit 99.1

NEWS RELEASE
	CONTACT:	Jason Korstange
		(952) 745-2755
		www.tcfbank.com
	FOR IMMEDIATE RELEASE

TCF FINANCIAL CORPORATION 200 Lake Street East, Wayzata, MN 55391-1693

TCF Reports Second Quarter Earnings and EPS ($.49)

SECOND QUARTER HIGHLIGHTS

·Diluted earnings per share of 49 cents

·Net income of $62.1 million

·Return on average assets of 1.67 percent

·Return on average common equity of 24.16 percent

EARNINGS SUMMARY																											Table 1
($ in thousands, except per-share data)													Percent Change
	2Q				1Q				2Q				2Q07 vs			2Q07 vs			YTD				YTD				Percent
	2007				2007				2006				1Q07			2Q06			2007				2006				Change
Net income	$	62,129			$	82,724			$	67,061				(24.9	)%		(7.4	)%	$	144,853			$	125,283				15.6	%
Diluted earnings per common share	.49				.65				.52					(24.6	)		(5.8	)	1.14				.96					18.8
Financial Ratios (1)
Return on average assets			1.67	%			2.24	%			1.92	%									1.95	%			1.82	%
Return on average common equity			24.16				31.81				27.75										28.08				25.80
Net interest margin			4.02				4.00				4.22										4.01				4.23
Net charge-offs as a percentage
of average loans and leases			.24				.10				.16										.17				.12
(1) Annualized.

1

WAYZATA, MN, July 24, 2007 — TCF Financial Corporation (“TCF”) (NYSE: TCB) today reported diluted earnings per share of 49 cents for the second quarter of 2007, down 5.8 percent, compared with 52 cents for the same 2006 period.  Net income for the second quarter of 2007 was $62.1 million, down 7.4 percent from $67.1 million for the second quarter of 2006.  The second quarter of 2007 includes $2.7 million in pre-tax gains on sales of real estate and a $1.9 million favorable income tax adjustment for a combined after-tax impact of three cents per diluted share.  The second quarter of 2006 included a $4.1 million favorable income tax adjustment for an after-tax impact of three cents per diluted share.

For the second quarter of 2007, return on average assets (“ROA”) was 1.67 percent and return on average common equity (“ROE”) was 24.16 percent, compared with 1.92 percent and 27.75 percent, respectively, for the second quarter of 2006.

Diluted earnings per share for the first six months of 2007 was $1.14, compared with 96 cents for the same 2006 period.  The first six months of 2007 includes 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 combined after-tax impact of 26 cents per diluted share.  The first six months of 2006 includes $4.5 million in pre-tax gains on sale of assets and $4.1 million in favorable income tax adjustments for a combined after-tax impact of five cents per diluted share.

Chief Executive Officer’s Statement

“Despite a very difficult operating environment primarily due to the inverted yield curve, TCF successfully increased its net interest income and net interest margin rate from the first quarter of 2007 and effectively controlled expenses,” said Lynn A. Nagorske, CEO, TCF Financial Corporation. “However, the provision for credit losses increased from the first quarter primarily as a result of the slowdown in the housing market and increased reserves for certain commercial loans. Also, the first quarter provision included a large lease recovery.”

2

Total Revenue																											Table 2
													Percent Change
($ in thousands)	2Q				1Q				2Q				2Q07 vs			2Q07 vs			YTD				YTD				Percent
	2007				2007				2006				1Q07			2Q06			2007				2006				Change
Net interest income	$	137,425			$	135,477			$	135,442				1.4	%		1.5	%	$	272,902			$	266,610				2.4	%
Fees and other revenue:
Fees and service charges	71,728				62,022				71,099					15.6			.9		133,750				132,654					.8
Card revenue	24,876				23,261				22,984					6.9			8.2		48,137				44,246					8.8
ATM revenue	9,314				8,749				9,762					6.5			(4.6	)	18,063				18,861					(4.2	)
Investments and insurance	2,772				2,178				2,894					27.3			(4.2	)	4,950				5,382					(8.0	)
Total banking fees	108,690				96,210				106,739					13.0			1.8		204,900				201,143					1.9
Leasing and equipment finance	15,199				14,001				12,552					8.6			21.1		29,200				24,467					19.3
Other	2,993				1,953				4,331					53.3			(30.9	)	4,946				12,583					(60.7	)
Total fees and other revenue	126,882				112,164				123,622					13.1			2.6		239,046				238,193					.4
Gains on sales of branches
and real estate	2,723				31,173				-					(91.3	)		100.0		33,896				2,928					N.M	.
Total non-interest income	129,605				143,337				123,622					(9.6	)		4.8		272,942				241,121					13.2
Total revenue	$	267,030			$	278,814			$	259,064				(4.2	)		3.1		$	545,844			$	507,731				7.5
Net interest margin (1)			4.02	%			4.00	%			4.22	%									4.01	%			4.23	%
Fees and other revenue as a % of:
Total revenue			47.52				40.23				47.72										43.79				46.91
Average assets (1)			3.42				3.03				3.54										3.23				3.45
N.M. = Not Meaningful
(1) Annualized.

Net Interest Income

TCF’s net interest income in the second quarter of 2007 was $137.4 million, up $2 million, or 1.5 percent, from the second quarter of 2006 and up $1.9 million, or 1.4 percent, from the first quarter of 2007.  Net interest margin in the second quarter of 2007 was 4.02 percent, compared with 4.22 percent for the second quarter of 2006 and 4.00 percent for the first quarter of 2007.

The increase in net interest income from the second quarter of 2006 was primarily attributable to a $841.6 million, or 6.5 percent, increase in average interest-earning assets, partially offset by a 20 basis point reduction in net interest margin.  The decrease in net interest margin from the second quarter of 2006 was primarily due to continued customer preference for lower-yielding fixed-rate loans and higher-cost market-rate deposits largely due to the flat or inverted yield curve which persisted for the majority of the period.

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The increase in net interest income from the first quarter of 2007 was primarily due to a $64.4 million increase in total interest-earning assets, a 2 basis point increase in net interest margin and one additional day in the second quarter of 2007.  The increase in net interest margin from the first quarter of 2007 was primarily due to investments that were replaced by higher-yielding Power Assets and increased yields in leasing, partially offset by the effect of Michigan deposits sold in the first quarter of 2007.

Non-interest Income

Total non-interest income was $129.6 million for the second quarter of 2007, up $6 million, or 4.8 percent, from the same period of 2006.

Banking fees and service charges were $71.7 million for the second quarter of 2007, up $629 thousand, or .9 percent, from the second quarter of 2006 primarily attributable to deposit account growth.

Card revenues totaled $24.9 million for the second quarter of 2007, up $1.9 million, or 8.2 percent, over the same period in 2006, due to increased sales volume as a result of increases in the number of active accounts and transactions per account.

Leasing and equipment finance revenues were $15.2 million for the second quarter of 2007, up $2.6 million, or 21.1 percent, from the 2006 second quarter due to higher sales-type and operating lease revenues.

Other revenues were $3 million for the second quarter of 2007, down $1.3 million from the same period of 2006.  The decline primarily reflects non-recurring transactions in the second quarter of 2006 including a $706 thousand gain on the sale of a private bank investment and $704 thousand of interest on an income tax refund.

Gains on sales of real estate were $2.7 million for the second quarter of 2007.  These gains primarily relate to the relocation of certain mature traditional branches to improved sites and facilities.  No such sales or gains occurred in the second quarter of 2006.

4

Branches

Number of Branches - 2Q 2007					Table 3
	Total	New		Total	New
	Branches	Branches (1)		Branches	Branches (1)
Minnesota	108	23	Traditional	191	78
Illinois	199	38	Supermarket	241	46
Michigan	56	25	Campus	14	9
Colorado	45	41		446	133
Wisconsin	32	4
Indiana	5	1
Arizona	1	1
Total Branches	446	133
(1) New branches opened since January 1, 2002

During the second quarter of 2007, TCF opened seven new branches, including three traditional branches, two supermarket branches, and two campus branches.  TCF also relocated one traditional branch and closed two traditional and two supermarket branches and transferred the customer accounts to nearby branches.  Since January 2002, TCF has now opened 133 new branches, representing 29.8 percent of TCF’s 446 total branches.

During the remainder of 2007, TCF plans to open nine additional branches, consisting of five traditional branches, three supermarket branches and one campus branch.  To improve the customer experience and enhance deposit growth, TCF also intends to relocate six branches to improved locations and facilities, including five traditional branches and one supermarket branch, and to remodel 16 supermarket branches and one traditional branch during the last six months of 2007.  TCF also plans to close one traditional branch in the third quarter of 2007.

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Additional information regarding the results of TCF’s new branches opened since January 1, 2002 is summarized as follows:

New Branch Information														Table 4
					2Q07 vs 2Q06
($ in thousands)	2Q		2Q				Percent			YTD		YTD		Percent
	2007		2006		Change		Change			2007		2006		Change
Number of deposit accounts	351,669		257,019		94,650			36.8	%
Average deposits:
Checking	$	343,395	$	276,021	$	67,374		24.4		$	331,959	$	265,393		25.1	%
Savings	335,415		251,023		84,392			33.6		323,303		244,718			32.1
Money market	43,548		25,938		17,610			67.9		41,664		25,552			63.1
Subtotal	722,358		552,982		169,376			30.6		696,926		535,663			30.1
Certificates of deposit	446,333		406,314		40,019			9.8		440,148		360,877			22.0
Total deposits	$	1,168,691	$	959,296	$	209,395		21.8		$	1,137,074	$	896,540		26.8
Total fees and other revenue	$	18,570	$	14,187	$	4,383		30.9		$	33,526	$	25,771		30.1

6

Power Assets®

Average Power Assets																	Table 5
							Percent Change
($ in thousands)	2Q		1Q		2Q		2Q07 vs			2Q07 vs			YTD		YTD		Percent
	2007		2007		2006		1Q07			2Q06			2007		2006		Change
Loans and leases: (1)
Consumer home equity:
First mortgage lien	$	3,894,939	$	3,808,390	$	3,509,588		2.3	%		11.0	%	$	3,851,905	$	3,459,600		11.3	%
Junior lien	2,140,773		2,109,723		1,901,063			1.5			12.6		2,125,333		1,854,125			14.6
Total consumer home equity	6,035,712		5,918,113		5,410,651			2.0			11.6		5,977,238		5,313,725			12.5
Consumer other	41,708		41,853		34,854			(.3	)		19.7		41,780		34,843			19.9
Total consumer	6,077,420		5,959,966		5,445,505			2.0			11.6		6,019,018		5,348,568			12.5
Commercial real estate	2,349,608		2,377,683		2,398,425			(1.2	)		(2.0	)	2,363,568		2,364,192			-
Commercial business	557,134		554,127		500,530			.5			11.3		555,639		475,088			17.0
Total commercial	2,906,742		2,931,810		2,898,955			(.9	)		.3		2,919,207		2,839,280			2.8
Leasing and equipment finance	1,879,958		1,837,964		1,624,781			2.3			15.7		1,859,077		1,579,161			17.7
Total Power Assets	$	10,864,120	$	10,729,740	$	9,969,241		1.3			9.0		$	10,797,302	$	9,767,009		10.5
(1) Excludes residential real estate loans, education loans held for sale and operating lease receivables.

TCF’s average Power Assets increased $894.9 million, or 9 percent, from the second quarter of 2006.  TCF’s average consumer loan balances increased $631.9 million, or 11.6 percent, average commercial loan balances increased $7.8 million, or .3 percent, and leasing and equipment finance balances increased $255.2 million, or 15.7 percent, from the second quarter of 2006.

TCF’s average Power Assets increased $134.4 million, or 5 percent (annualized), from the first quarter of 2007.  The second quarter’s lower annualized growth rate is related to slower growth in consumer home equity loans resulting from the slow down in the housing market and increased prepayments of commercial real estate loans.

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Power Liabilities®

Average Power Liabilities																											Table 6
													Percent  Change
($ in thousands)	2Q				1Q				2Q				2Q07 vs			2Q07 vs			YTD				YTD				Percent
	2007				2007				2006				1Q07			2Q06			2007				2006				Change
Non-interest bearing deposits:
Retail	$	1,492,429			$	1,532,150			$	1,557,933				(2.6	)%		(4.2	)%	$	1,512,180			$	1,555,982				(2.8	)%
Small business	586,711				596,460				604,776					(1.6	)		(3.0	)	591,559				597,548					(1.0	)
Commercial and custodial	199,226				201,860				234,188					(1.3	)		(14.9	)	200,534				258,165					(22.3	)
Total non-interest bearing	2,278,366				2,330,470				2,396,897					(2.2	)		(4.9	)	2,304,273				2,411,695					(4.5	)
Interest-bearing deposits:
Premier checking	1,070,397				1,073,500				1,000,749					(.3	)		7.0		1,071,940				969,575					10.6
Other checking	834,405				824,512				893,800					1.2			(6.6	)	829,486				901,835					(8.0	)
Subtotal	1,904,802				1,898,012				1,894,549					.4			.5		1,901,426				1,871,410					1.6
Premier savings	1,109,341				1,070,059				855,979					3.7			29.6		1,089,809				818,222					33.2
Other savings	1,300,857				1,314,471				1,415,767					(1.0	)		(8.1	)	1,307,627				1,428,223					(8.4	)
Subtotal	2,410,198				2,384,530				2,271,746					1.1			6.1		2,397,436				2,246,445					6.7
Money market	604,217				610,286				610,766					(1.0	)		(1.1	)	607,235				640,022					(5.1	)
Subtotal	4,919,217				4,892,828				4,777,061					.5			3.0		4,906,097				4,757,877					3.1
Certificates of deposit	2,525,886				2,513,838				2,249,694					.5			12.3		2,519,895				2,128,341					18.4
Total interest-bearing	7,445,103				7,406,666				7,026,755					.5			6.0		7,425,992				6,886,218					7.8
Power Liabilities	$	9,723,469			$	9,737,136			$	9,423,652				(.1	)		3.2		$	9,730,265			$	9,297,913				4.6
Average rate on deposits			2.40	%			2.38	%			1.97	%									2.39	%			1.87	%
# of deposit accounts	2,428,643				2,406,725				2,395,827					.9			1.4

Average Power Liabilities totaled $9.7 billion for the second quarter of 2007, with an average interest rate of 2.40 percent, an increase of $299.8 million, or 3.2 percent, from the second quarter of 2006.  Excluding the Michigan deposits sold in the first quarter of 2007, average Power Liabilities increased $521.3 million, or 5.7 percent, from the second quarter of 2006, primarily driven by increases in Premier Checking, Premier Savings and certificates of deposit, partially offset by declines in other interest-bearing checking and savings.

Average Power Liabilities decreased $13.7 million, or .6 percent (annualized), from the first quarter of 2007.  Excluding the Michigan deposits sold in the first quarter of 2007, average Power Liabilities increased $207.8 million, or 8.7 percent (annualized), from the first quarter of 2007 primarily in interest-bearing checking, savings and certificates of deposit.

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Non-interest Expense

																	Table 7
							Percent Change
($ in thousands)	2Q		1Q		2Q		2Q07 vs			2Q07 vs			YTD		YTD		Percent
	2007		2007		2006		1Q07			2Q06			2007		2006		Change
Compensation and
employee benefits	$	86,707	$	88,093	$	85,083		(1.6	)%		1.9	%	$	174,800	$	171,251		2.1	%
Occupancy and equipment	29,329		30,451		27,998			(3.7	)		4.8		59,780		56,049			6.7
Advertising and promotions	5,586		5,981		6,755			(6.6	)		(17.3	)	11,567		12,471			(7.2	)
Other	36,531		35,315		37,725			3.4			(3.2	)	71,846		74,907			(4.1	)
Subtotal	158,153		159,840		157,561			(1.1	)		.4		317,993		314,678			1.1
Operating lease depreciation	4,381		4,360		3,405			.5			28.7		8,741		6,568			33.1
Total non-interest expense	$	162,534	$	164,200	$	160,966		(1.0	)		1.0		$	326,734	$	321,246		1.7

Non-interest expense totaled $162.5 million for the second quarter of 2007, up $1.6 million, or 1 percent, from $161 million for the second quarter of 2006.

Compensation and employee benefits were well controlled and increased $1.6 million, or 1.9 percent, from the second quarter of 2006.  Increases due to branch expansion and production-related compensation were partially offset by reductions from branches sold, closed branches and other efficiency initiatives.

Occupancy and equipment expenses increased $1.3 million, or 4.8 percent, from the second quarter of 2006 primarily due to the costs associated with branch expansion and relocation.

Advertising and promotions expense was $5.6 million, down $1.2 million, or 17.3 percent, from the second quarter of 2006 primarily due to lower media and promotion costs.

Operating lease depreciation increased $976 thousand, or 28.7 percent, from the second quarter of 2006 primarily due to a $9.9 million, or 15.4 percent, increase in average operating lease balances in TCF’s leasing and equipment finance subsidiaries.

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Credit Quality

Credit Quality Summary																																Table 8
																Percent Change
($ in thousands)	2Q					1Q					2Q					2Q07 vs			2Q07 vs			YTD					YTD					Percent
	2007					2007					2006					1Q07			2Q06			2007					2006					Change
Allowance for loan and lease losses
Balance at beginning of period	$	60,483				$	58,543				$	54,805					3.3	%		10.4	%	$	58,543				$	55,823					4.9	%
Charge-offs	(10,749				)	(9,232				)	(7,939				)		16.4			35.4		(19,981				)	(15,076				)		32.5
Recoveries	3,746					6,516					3,630						(42.5	)		3.2		10,262					8,598						19.4
Net charge-offs	(7,003				)	(2,716				)	(4,309				)		157.8			62.5		(9,719				)	(6,478				)		50.0
Provision for credit losses	13,329					4,656					4,177						186.3			N.M	.	17,985					5,328						N.M.
Balance at end of period	$	66,809				$	60,483				$	54,673					10.5			22.2		$	66,809				$	54,673					22.2
Allowance as a percentage of:
Period end loans and leases			.58	%				.53	%				.50	%										.58	%				.50	%
Net charge-offs (1)			2.4	X				5.6	X				3.2	X										3.4	X				4.2	X
Net Charge-offs as a Percentage of
Average Loans and Leases (1)
Consumer home equity			.30	%				.22	%				.09	%										.26	%				.10	%
Total consumer			.37					.20					.18											.28					.13
Commercial real estate			-					.07					-											.03					.01
Commercial business			.03					.11					.14											.07					.14
Leasing and equipment finance			.29					(.18	)				.42											.06					.32
Residential real estate			.01					.02					.02											.02					.02
Total			.24					.10					.16											.17					.12
Other Credit Quality Data
Delinquencies (30+ days)	$	58,687				$	46,814				$	34,550
Delinquencies as a percentage of
loan and lease portfolio			.51	%				.41	%				.32	%
Non-accrual loans	$	40,391				$	55,106				$	25,140					(26.7	)		60.7
Real estate owned	44,813					27,212					25,986						64.7			72.5
Total non-performing assets	85,204					82,318					51,126						3.5			66.7
Non-performing assets as a
percentage of:
Net loans and leases			.74	%				.72	%				.47	%
(1) Annualized.

At June 30, 2007, TCF’s allowance for loan and lease losses totaled $66.8 million, or .58 percent of loans and leases, an increase of $6.3 million from $60.5 million, or .53 percent, at March 31, 2007.  The provision for credit losses for the second quarter of 2007 was $13.3 million, up $9.2­ million from the second quarter of 2006, primarily due to higher consumer home equity net charge-offs and the resulting portfolio reserve rate increases and increased reserves for commercial loans, and equipment finance loans and leases.

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At June 30, 2007, TCF’s over-30-day delinquency rate was .51 percent, up from .41 percent at March 31, 2007 primarily due to one commercial real estate loan which was in the process of renewal subsequent to maturity.  Total non-performing assets were $85.2 million, or .57 percent of total assets, at June 30, 2007, up from $82.3 million, or .55 percent, at March 31, 2007.  The increase in non-performing assets reflected a $17.6 million increase in real estate owned and a $14.8 million decrease in non-accrual loans primarily due to a $13.8 million Minnesota commercial real estate loan which migrated from non-accrual status at March 31, 2007 to real estate owned as of June 30, 2007.

Income Taxes

TCF’s income tax expense was $29 million for the second quarter of 2007, or 31.9 percent of pre-tax income, compared with $26.9 million, or 28.6 percent, for the comparable 2006 period.  The second quarter 2007 income tax expense includes a $1.9 million reduction in income tax expense related to favorable developments in uncertain tax positions.  The income tax expense for the second quarter of 2006 includes a $4.1 million reduction in income tax expense related to favorable developments in uncertain tax positions.  Excluding these items, the effective income tax rate was 33.9 percent for the second quarter of 2007 and 33 percent for the second quarter of 2006.

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Capital

Capital Information									Table 9
At period end
($ in thousands, except per-share data)	2Q					4Q
	2007					2006
Stockholders’ equity	$	1,001,032				$	1,033,374
Stockholders’ equity to total assets	6.68		%			7.04		%
Book value per common share	$	7.88				$	7.92
Risk-based capital
Tier 1	$	910,574		8.40	%	$	914,128		8.65	%
Total	1,177,748			10.86		1,173,073			11.10
Total “well-capitalized” requirement	1,084,284			10.00		1,056,694			10.00
Excess over “well-capitalized” requirement	93,464			.86		116,379			1.10

During the second quarter of 2007, TCF repurchased 2.4 million shares of its common stock at an average cost of $27.58 per share.  TCF has a total of 5.8 million shares authorized under its stock repurchase programs.

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 24, 2007 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 $15 billion in total assets.  TCF has 446 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana and Arizona.  Other TCF affiliates provide leasing and equipment finance, and investments and insurance sales.

12

Forward-looking Information

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

13

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Dollars in thousands, except per-share data)

(Unaudited)

	Three Months Ended
	June 30,				Change
	2007		2006		$			%
Interest income:
Loans and leases	$	206,738	$	188,988	$	17,750		9.4
Securities available for sale	26,665		25,156		1,509			6.0
Education loans held for sale	3,365		4,205		(840		)	(20.0	)
Investments	1,557		792		765			96.6
Total interest income	238,325		219,141		19,184			8.8
Interest expense:
Deposits	58,242		46,247		11,995			25.9
Borrowings	42,658		37,452		5,206			13.9
Total interest expense	100,900		83,699		17,201			20.6
Net interest income	137,425		135,442		1,983			1.5
Provision for credit losses	13,329		4,177		9,152			N.M	.
Net interest income after provision for credit losses	124,096		131,265		(7,169		)	(5.5	)
Non-interest income:
Fees and service charges	71,728		71,099		629			.9
Card revenue	24,876		22,984		1,892			8.2
ATM revenue	9,314		9,762		(448		)	(4.6	)
Investments and insurance revenue	2,772		2,894		(122		)	(4.2	)
Subtotal	108,690		106,739		1,951			1.8
Leasing and equipment finance	15,199		12,552		2,647			21.1
Other	2,993		4,331		(1,338		)	(30.9	)
Fees and other revenue	126,882		123,622		3,260			2.6
Gains on sales of branches and real estate	2,723		-		2,723			100.0
Total non-interest income	129,605		123,622		5,983			4.8
Non-interest expense:
Compensation and employee benefits	86,707		85,083		1,624			1.9
Occupancy and equipment	29,329		27,998		1,331			4.8
Advertising and promotions	5,586		6,755		(1,169		)	(17.3	)
Other	36,531		37,725		(1,194		)	(3.2	)
Subtotal	158,153		157,561		592			.4
Operating lease depreciation	4,381		3,405		976			28.7
Total non-interest expense	162,534		160,966		1,568			1.0
Income before income tax expense	91,167		93,921		(2,754		)	(2.9	)
Income tax expense	29,038		26,860		2,178			8.1
Net income	$	62,129	$	67,061	$	(4,932	)	(7.4	)
Net income per common share:
Basic	$	.49	$	.52	$	(.03	)	(5.8	)
Diluted	$	.49	$	.52	$	(.03	)	(5.8	)
Dividends declared per common share	$	.2425	$	.23	$	.0125		5.4
Average common and common equivalent shares outstanding (in thousands):
Basic	125,681		129,169		(3,488		)	(2.7	)
Diluted	125,943		129,362		(3,419		)	(2.6	)

N.M. Not meaningful.

14

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Dollars in thousands, except per-share data)

(Unaudited)

	Six Months Ended
	June 30,				Change
	2007		2006		$			%
Interest income:
Loans and leases	$	408,343	$	365,971	$	42,372		11.6
Securities available for sale	51,770		48,855		2,915			6.0
Education loans held for sale	7,511		8,552		(1,041		)	(12.2	)
Investments	4,363		1,469		2,894			197.0
Total interest income	471,987		424,847		47,140			11.1
Interest expense:
Deposits	115,397		86,094		29,303			34.0
Borrowings	83,688		72,143		11,545			16.0
Total interest expense	199,085		158,237		40,848			25.8
Net interest income	272,902		266,610		6,292			2.4
Provision for credit losses	17,985		5,328		12,657			N.M	.
Net interest income after provision for credit losses	254,917		261,282		(6,365		)	(2.4	)
Non-interest income:
Fees and service charges	133,750		132,654		1,096			.8
Card revenue	48,137		44,246		3,891			8.8
ATM revenue	18,063		18,861		(798		)	(4.2	)
Investments and insurance revenue	4,950		5,382		(432		)	(8.0	)
Subtotal	204,900		201,143		3,757			1.9
Leasing and equipment finance	29,200		24,467		4,733			19.3
Other	4,946		12,583		(7,637		)	(60.7	)
Fees and other revenue	239,046		238,193		853			.4
Gains on sales of branches and real estate	33,896		2,928		30,968			N.M	.
Total non-interest income	272,942		241,121		31,821			13.2
Non-interest expense:
Compensation and employee benefits	174,800		171,251		3,549			2.1
Occupancy and equipment	59,780		56,049		3,731			6.7
Advertising and promotions	11,567		12,471		(904		)	(7.2	)
Other	71,846		74,907		(3,061		)	(4.1	)
Subtotal	317,993		314,678		3,315			1.1
Operating lease depreciation	8,741		6,568		2,173			33.1
Total non-interest expense	326,734		321,246		5,488			1.7
Income before income tax expense	201,125		181,157		19,968			11.0
Income tax expense	56,272		55,874		398			.7
Net income	$	144,853	$	125,283	$	19,570		15.6
Net income per common share:
Basic	$	1.14	$	.97	$	.17		17.5
Diluted	$	1.14	$	.96	$	.18		18.8
Dividends declared per common share	$	.485	$	.46	$	.025		5.4
Average common and common equivalent shares outstanding (in thousands):
Basic	126,673		129,722		(3,049		)	(2.4	)
Diluted	126,927		129,902		(2,975		)	(2.3	)

N.M.  Not meaningful.

15

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Dollars in thousands, except per-share data)

	At			At			At			% Change from
	June 30,			December 31,			June 30,			December 31,		June 30,
	2007			2006			2006			2006		2006
	(Unaudited)						(Unaudited)
ASSETS
Cash and due from banks	$	324,406		$	348,980		$	371,942		(7.0	)%	(12.8	)%
Investments	110,811			170,129			76,124			(34.9	)	45.6
Securities available for sale	1,943,450			1,816,126			1,781,995			7.0		9.1
Education loans held for sale	111,377			144,574			227,703			(23.0	)	(51.1	)
Loans and leases:
Consumer home equity and other	6,201,067			5,945,077			5,599,262			4.3		10.7
Commercial real estate	2,354,805			2,390,653			2,411,028			(1.5	)	(2.3	)
Commercial business	569,105			551,995			543,337			3.1		4.7
Leasing and equipment finance	1,913,628			1,818,165			1,677,641			5.3		14.1
Subtotal	11,038,605			10,705,890			10,231,268			3.1		7.9
Residential real estate	572,619			627,790			695,214			(8.8	)	(17.6	)
Total loans and leases	11,611,224			11,333,680			10,926,482			2.4		6.3
Allowance for loan and lease losses	(66,809		)	(58,543		)	(54,673		)	(14.1	)	(22.2	)
Net loans and leases	11,544,415			11,275,137			10,871,809			2.4		6.2
Premises and equipment, net	423,048			406,087			384,360			4.2		10.1
Goodwill	152,599			152,599			152,599			-		-
Other assets	367,598			356,102			356,029			3.2		3.2
	$	14,977,704		$	14,669,734		$	14,222,561		2.1		5.3
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Checking	$	4,268,723		$	4,348,256		$	4,360,375		(1.8	)	(2.1	)
Savings	2,446,942			2,351,580			2,297,921			4.1		6.5
Money market	615,940			585,779			603,031			5.1		2.1
Subtotal	7,331,605			7,285,615			7,261,327			.6		1.0
Certificates of deposit	2,511,090			2,483,635			2,382,273			1.1		5.4
Total deposits	9,842,695			9,769,250			9,643,600			.8		2.1
Short-term borrowings	285,828			214,112			561,374			33.5		(49.1	)
Long-term borrowings	3,568,997			3,374,428			2,778,277			5.8		28.5
Total borrowings	3,854,825			3,588,540			3,339,651			7.4		15.4
Accrued expenses and other liabilities	279,152			278,570			261,925			.2		6.6
Total liabilities	13,976,672			13,636,360			13,245,176			2.5		5.5
Stockholders’ equity:
Common stock, par value $.01 per share, 280,000,000 shares authorized; 131,500,734; 131,660,749 and 184,202,447 shares issued	1,315			1,317			1,842			(.2	)	(28.6	)
Additional paid-in capital	352,674			343,744			468,110			2.6		(24.7	)
Retained earnings, subject to certain restrictions	866,104			784,011			1,601,009			10.5		(45.9	)
Accumulated other comprehensive loss	(62,631		)	(34,926		)	(55,515		)	(79.3	)	(12.8	)
Treasury stock at cost, 4,545,780; 1,242,413 and 52,813,430 shares, and other	(156,430		)	(60,772		)	(1,038,061		)	(157.4	)	84.9
Total stockholders’ equity	1,001,032			1,033,374			977,385			(3.1	)	2.4
	$	14,977,704		$	14,669,734		$	14,222,561		2.1		5.3

N.M.  Not meaningful.

16

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CREDIT QUALITY DATA

(Dollars in thousands)

(Unaudited)

Allowance for loan and lease losses

													Allowance as  % of Portfolio
	At June 30, 2007				At March 31, 2007				At June 30, 2006				Change from
	Allowance				Allowance				Allowance				Mar. 31,		Jun. 30,
	Balance		% of Portfolio		Balance		% of Portfolio		Balance		% of Portfolio		2007		2006
Consumer home equity	$	18,569	.30	%	$	15,345	.26	%	$	10,449	.19	%	4	bps	11	bps
Consumer other	2,055		3.16		1,965		3.33		2,077		3.46		(17	)	(30	)
Total consumer	$	20,624	.33		$	17,310	.29		$	12,526	.22		4		11
Commercial real estate	23,410		.99		22,367		.95		22,127		.92		4		7
Commercial business	8,471		1.49		7,294		1.30		7,123		1.31		19		18
Leasing and equipment finance	13,784		.72		12,970		.70		12,352		.74		2		(2	)
Residential real estate	520		.09		542		.09		545		.08		-		1
Total	$	66,809	.58		$	60,483	.53		$	54,673	.50		5		8

Quarterly Net Charge-Offs

	Quarter Ended										Change from
	Jun. 30,		Mar. 31,			Dec. 31,			Jun. 30,		Mar. 31,			Jun. 30,
	2007		2007			2006			2006		2007			2006
Consumer home equity	$	4,501	$	3,262		$	3,100		$	1,232	$	1,239		$	3,269
Consumer other	1,075		(287		)	1,611			1,167		1,362			(92		)
Total consumer	$	5,576	$	2,975		$	4,711		$	2,399	$	2,601		$	3,177
Commercial real estate	-		403			(28		)	-		(403		)	-
Commercial business	43		148			168			170		(105		)	(127		)
Leasing and equipment finance	1,362		(838		)	1,611			1,705		2,200			(343		)
Residential real estate	22		28			166			35		(6		)	(13		)
Total	$	7,003	$	2,716		$	6,628		$	4,309	$	4,287		$	2,694

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

	Quarter Ended (1)								Change from
	Jun. 30,		Mar. 31,		Dec. 31,		Jun. 30,		Mar. 31,		Jun. 30,
	2007		2007		2006		2006		2007		2006
Consumer home equity	.30	%	.22	%	.21	%	.09	%	8	bps	21	bps
Total consumer	.37		.20		.32		.18		17		19
Commercial real estate	-		.07		-		-		(7	)	-
Commercial business	.03		.11		.13		.14		(8	)	(11	)
Leasing and equipment finance	.29		(.18	)	.36		.42		47		(13	)
Residential real estate	.01		.02		.10		.02		(1	)	(1	)
Total	.24		.10		.24		.16		14		8

Non-performing assets

	At			At			At			At			Change from
	Jun. 30,			Mar. 31,			Dec. 31,			Jun. 30,			Mar. 31,			Jun. 30,
	2007			2007			2006			2006			2007			2006
Non-accrual loans and leases:
Consumer home equity and other	$	15,901		$	18,059		$	16,520		$	9,898		$	(2,158	)	$	6,003
Commercial real estate	11,746			25,500			12,849			7,319			(13,754		)	4,427
Commercial business	3,337			2,292			3,421			1,481			1,045			1,856
Leasing and equipment finance	6,886			5,978			7,596			4,906			908			1,980
Residential real estate	2,521			3,277			2,799			1,536			(756		)	985
Total non-accrual loans and leases	40,391			55,106			43,185			25,140			(14,715		)	15,251
Other real estate owned:
Residential real estate	30,111			26,241			19,899			20,393			3,870			9,718
Commercial real estate	14,702			971			2,554			5,593			13,731			9,109
Total other real estate owned	44,813			27,212			22,453			25,986			17,601			18,827
Total non-performing assets	$	85,204		$	82,318		$	65,638		$	51,126		$	2,886		$	34,078
Non-performing assets as a percentage of
Net loans and leases	.74		%	.72		%	.58		%	.47		%	2		bps	27		bps

N.M.  Not meaningful.

(1)  Annualized

17

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CREDIT QUALITY DATA

(Dollars in thousands)

(Unaudited)

Over 30-day delinquency data - principal balances (1)

	At		At		At		At		Change from
	Jun. 30,		Mar. 31,		Dec. 31,		Jun. 30,		Mar. 31,			Jun. 30,
	2007		2007		2006		2006		2007			2006
Consumer home equity and other	$	28,269	$	27,653	$	34,313	$	19,950	$	616		$	8,319
Commercial real estate (2)	10,739		3,857		18,072		108		6,882			10,631
Commercial business	183		1,021		762		241		(838		)	(58		)
Leasing and equipment finance	11,016		7,102		8,499		7,056		3,914			3,960
Residential real estate	8,480		7,181		10,047		7,195		1,299			1,285
Total	$	58,687	$	46,814	$	71,693	$	34,550	$	11,873		$	24,137

Over 30-day delinquency data - % of portfolio (1)

	At			At			At			At			Change from
	Jun. 30,			Mar. 31,			Dec. 31,			Jun. 30,			Mar. 31,			Jun. 30,
	2007			2007			2006			2006			2007			2006
Consumer home equity and other	.46		%	.46		%	.58		%	.36		%	-		bps	10		bps
Commercial real estate (2)	.46			.17			.76			-			29			46
Commercial business	.03			.18			.14			.04			(15		)	(1		)
Leasing and equipment finance	.58			.39			.47			.42			19			16
Residential real estate	1.49			1.20			1.61			1.04			29			45
Total	.51			.41			.63			.32			10			19
Accruing loans and leases 90 or more past due (2)	$	20,754		$	10,131		$	12,214		$	7,070		$	10,623		$	13,684

Potential Problem Loans and Leases (3)

	At		At		At		At		Change from
	Jun. 30,		Mar. 31,		Dec. 31,		Jun. 30,		Mar. 31,			Jun. 30,
	2007		2007		2006		2006		2007			2006
Commercial real estate	$	35,956	$	25,563	$	43,216	$	28,084	$	10,393		$	7,872
Commercial business	8,557		16,747		11,664		15,440		(8,190		)	(6,883		)
Leasing and equipment finance	12,022		12,316		11,265		7,859		(294		)	4,163
	$	56,535	$	54,626	$	66,145	$	51,383	$	1,909		$	5,152

(1)Excludes non-accrual loans and leases.

(2)At June 30, 2007, the balance includes a $10 million commercial real estate loan which was in the process of renewal subsequent to maturity.

(3)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.

18

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES

(Dollars in thousands)

(Unaudited)

	Three Months Ended June 30,
	2007						2006
	Average				Yields and		Average				Yields and
	Balance		Interest		Rates (1)		Balance		Interest		Rates (1)
ASSETS
Investments	$	130,977	$	1,557	4.77	%	$	69,176	$	792	4.59	%
Securities available for sale	1,967,524		26,665		5.42		1,880,671		25,156		5.35
Education loans held for sale	153,566		3,365		8.79		228,492		4,205		7.38
Loans and leases:
Consumer home equity:
Fixed-rate	4,614,322		80,127		6.97		3,721,249		63,061		6.80
Variable-rate	1,421,390		31,181		8.80		1,689,402		36,611		8.69
Consumer - other	41,708		1,057		10.16		34,854		921		10.60
Total consumer home equity and other	6,077,420		112,365		7.42		5,445,505		100,593		7.41
Commercial real estate:
Fixed- and adjustable-rate	1,750,690		28,036		6.42		1,672,865		26,007		6.24
Variable-rate	598,918		11,685		7.83		725,560		13,754		7.60
Total commercial real estate	2,349,608		39,721		6.78		2,398,425		39,761		6.65
Commercial business:
Fixed- and adjustable-rate	165,780		2,675		6.47		127,702		1,969		6.18
Variable-rate	391,354		7,317		7.50		372,828		6,940		7.47
Total commercial business	557,134		9,992		7.19		500,530		8,909		7.14
Leasing and equipment finance	1,879,958		36,069		7.67		1,624,781		29,370		7.23
Subtotal	10,864,120		198,147		7.31		9,969,241		178,633		7.18
Residential real estate	587,400		8,591		5.85		714,433		10,355		5.80
Total loans and leases	11,451,520		206,738		7.24		10,683,674		188,988		7.09
Total interest-earning assets	13,703,587		238,325		6.97		12,862,013		219,141		6.83
Other assets	1,148,033						1,110,174
Total assets	$	14,851,620					$	13,972,187
LIABILITIES AND STOCKHOLDERS’ EQUITY
Non-interest bearing deposits:
Retail	$	1,492,429					$	1,557,933
Small business	586,711						604,776
Commercial and custodial	199,226						234,188
Total non-interest bearing deposits	2,278,366						2,396,897
Interest-bearing deposits:
Premier checking	1,070,397		7,943		2.98		1,000,749		7,923		3.18
Other checking	834,405		729		.35		893,800		512		.23
Subtotal	1,904,802		8,672		1.83		1,894,549		8,435		1.79
Premier savings	1,109,341		11,672		4.22		855,979		8,612		4.04
Other savings	1,300,857		3,733		1.15		1,415,767		2,970		.85
Subtotal	2,410,198		15,405		2.56		2,271,746		11,582		2.04
Money market	604,217		4,355		2.89		610,766		3,429		2.25
Subtotal	4,919,217		28,432		2.32		4,777,061		23,446		1.97
Certificates of deposit	2,525,886		29,810		4.73		2,249,694		22,801		4.06
Total interest-bearing deposits	7,445,103		58,242		3.14		7,026,755		46,247		2.64
Total deposits	9,723,469		58,242		2.40		9,423,652		46,247		1.97
Borrowings:
Short-term borrowings	196,169		2,553		5.22		573,418		7,140		4.99
Long-term borrowings	3,566,883		40,105		4.51		2,703,623		30,312		4.50
Total borrowings	3,763,052		42,658		4.55		3,277,041		37,452		4.58
Total deposits and borrowings	13,486,521		100,900		3.00		12,700,693		83,699		2.64
Other liabilities	336,676						304,875
Total liabilities	13,823,197						13,005,568
Stockholders’ equity	1,028,423						966,619
Total liabilities and stockholders’ equity	$	14,851,620					$	13,972,187
Net interest income and margin			$	137,425	4.02	%			$	135,442	4.22	%

(1)  Annualized.

19

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES

(Dollars in thousands)

(Unaudited)

	Six Months Ended June 30,
	2007						2006
	Average				Yields and		Average				Yields and
	Balance		Interest		Rates (1)		Balance		Interest		Rates (1)
ASSETS
Investments	$	180,839	$	4,363	4.86	%	$	69,912	$	1,469	4.22	%
Securities available for sale	1,914,723		51,770		5.41		1,831,402		48,855		5.34
Education loans held for sale	177,611		7,511		8.53		254,692		8,552		6.77
Loans and leases:
Consumer home equity:
Fixed-rate	4,545,305		156,803		6.96		3,536,733		118,583		6.76
Variable-rate	1,431,933		62,589		8.81		1,776,992		74,335		8.44
Consumer - other	41,780		2,078		10.03		34,843		1,714		9.92
Total consumer home equity and other	6,019,018		221,470		7.42		5,348,568		194,632		7.34
Commercial real estate:
Fixed- and adjustable-rate	1,741,713		55,272		6.40		1,621,257		49,933		6.21
Variable-rate	621,855		23,966		7.77		742,935		27,222		7.39
Total commercial real estate	2,363,568		79,238		6.76		2,364,192		77,155		6.58
Commercial business:
Fixed- and adjustable-rate	164,405		5,281		6.48		121,757		3,718		6.16
Variable-rate	391,234		14,564		7.51		353,331		12,575		7.18
Total commercial business	555,639		19,845		7.20		475,088		16,293		6.92
Leasing and equipment finance	1,859,077		70,316		7.56		1,579,161		56,656		7.18
Subtotal	10,797,302		390,869		7.29		9,767,009		344,736		7.11
Residential real estate	601,109		17,474		5.82		733,004		21,235		5.80
Total loans and leases	11,398,411		408,343		7.21		10,500,013		365,971		7.02
Total interest-earning assets	13,671,584		471,987		6.95		12,656,019		424,847		6.75
Other assets	1,149,249						1,138,592
Total assets	$	14,820,833					$	13,794,611
LIABILITIES AND STOCKHOLDERS’ EQUITY
Non-interest bearing deposits:
Retail	$	1,512,180					$	1,555,982
Small business	591,559						597,548
Commercial and custodial	200,534						258,165
Total non-interest bearing deposits	2,304,273						2,411,695
Interest-bearing deposits:
Premier checking	1,071,940		16,149		3.04		969,575		14,954		3.11
Other checking	829,486		1,263		.31		901,835		1,068		.24
Subtotal	1,901,426		17,412		1.85		1,871,410		16,022		1.73
Premier savings	1,089,809		22,991		4.25		818,222		15,911		3.92
Other savings	1,307,627		7,327		1.13		1,428,223		6,084		.86
Subtotal	2,397,436		30,318		2.55		2,246,445		21,995		1.97
Money market	607,235		8,704		2.89		640,022		6,975		2.20
Subtotal	4,906,097		56,434		2.32		4,757,877		44,992		1.91
Certificates of deposit	2,519,895		58,963		4.71		2,128,341		41,102		3.89
Total interest-bearing deposits	7,425,992		115,397		3.13		6,886,218		86,094		2.52
Total deposits	9,730,265		115,397		2.39		9,297,913		86,094		1.87
Borrowings:
Short-term borrowings	142,347		3,725		5.28		623,863		14,643		4.73
Long-term borrowings	3,582,869		79,963		4.50		2,593,321		57,500		4.47
Total borrowings	3,725,216		83,688		4.53		3,217,184		72,143		4.52
Total deposits and borrowings	13,455,481		199,085		2.98		12,515,097		158,237		2.55
Other liabilities	333,536						308,463
Total liabilities	13,789,017						12,823,560
Stockholders’ equity	1,031,816						971,051
Total liabilities and stockholders’ equity	$	14,820,833					$	13,794,611
Net interest income and margin			$	272,902	4.01	%			$	266,610	4.23	%

(1)  Annualized.

20

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,
	2007			2007			2006			2006			2006
Interest income:
Loans and leases	$	206,738		$	201,605		$	204,150		$	199,469		$	188,988
Securities available for sale	26,665			25,105			24,699			24,481			25,156
Education loans held for sale	3,365			4,146			3,019			3,438			4,205
Investments	1,557			2,806			1,173			862			792
Total interest income	238,325			233,662			233,041			228,250			219,141
Interest expense:
Deposits	58,242			57,155			55,996			53,234			46,247
Borrowings	42,658			41,030			41,158			39,983			37,452
Total interest expense	100,900			98,185			97,154			93,217			83,699
Net interest income	137,425			135,477			135,887			135,033			135,442
Provision for credit losses	13,329			4,656			10,073			5,288			4,177
Net interest income after provision for credit losses	124,096			130,821			125,814			129,745			131,265
Non-interest income:
Fees and service charges	71,728			62,022			66,735			70,777			71,099
Card revenue	24,876			23,261			23,485			24,353			22,984
ATM revenue	9,314			8,749			9,019			9,880			9,762
Investments and insurance revenue	2,772			2,178			2,087			3,226			2,894
Subtotal	108,690			96,210			101,326			108,236			106,739
Leasing and equipment finance	15,199			14,001			15,165			13,372			12,552
Other	2,993			1,953			2,340			6,644			4,331
Fees and other revenue	126,882			112,164			118,831			128,252			123,622
Gains on sales of branches and real estate	2,723			31,173			-			1,260			-
Total non-interest income	129,605			143,337			118,831			129,512			123,622
Non-interest expense:
Compensation and employee benefits	86,707			88,093			85,811			84,795			85,083
Occupancy and equipment	29,329			30,451			29,905			28,664			27,998
Advertising and promotions	5,586			5,981			6,235			8,220			6,755
Other	36,531			35,315			39,611			36,931			37,725
Subtotal	158,153			159,840			161,562			158,610			157,561
Operating lease depreciation	4,381			4,360			4,000			3,779			3,405
Total non-interest expense	162,534			164,200			165,562			162,389			160,966
Income before income tax expense	91,167			109,958			79,083			96,868			93,921
Income tax expense	29,038			27,234			25,350			30,941			26,860
Net income	$	62,129		$	82,724		$	53,733		$	65,927		$	67,061
Net income per common share:
Basic	$	.49		$	.65		$	.42		$	.51		$	.52
Diluted	$	.49		$	.65		$	.42		$	.51		$	.52
Dividends declared per common share	$	.2425		$	.2425		$	.23		$	.23		$	.23
Financial Ratios:
Return on average assets (1)	1.67		%	2.24		%	1.49		%	1.86		%	1.92		%
Return on average common equity (1)	24.16			31.81			20.68			26.44			27.75
Net interest margin (1)	4.02			4.00			4.07			4.11			4.22
Net charge-offs as a percentage of average loans and leases (1)	.24			.10			.24			.18			.16
Average total equity to average assets	6.92		%	7.03		%	7.20		%	7.02		%	6.92		%

(1)  Annualized.

21

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED QUARTERLY AVERAGE BALANCE SHEETS AND SUPPLEMENTAL INFORMATION

(In thousands)

(Unaudited)

	Jun. 30,			Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,
	2007			2007			2006			2006			2006
ASSETS
Cash and due from banks	$	297,231		$	309,741		$	316,389		$	322,484		$	325,715
Investments	130,977			231,256			101,548			72,393			69,176
Securities available for sale	1,967,524			1,861,335			1,840,649			1,829,917			1,880,671
Education loans held for sale	153,566			201,924			145,283			190,724			228,492
Loans and leases:
Consumer home equity:
Fixed-rate	4,614,322			4,475,520			4,293,070			4,027,680			3,721,249
Variable-rate	1,421,390			1,442,593			1,502,537			1,585,487			1,689,402
Consumer - other	41,708			41,853			40,119			36,978			34,854
Total consumer home equity and other	6,077,420			5,959,966			5,835,726			5,650,145			5,445,505
Commercial real estate:
Fixed- and adjustable-rate	1,750,690			1,732,636			1,718,735			1,699,431			1,672,865
Variable-rate	598,918			645,047			692,497			709,806			725,560
Total commercial real estate	2,349,608			2,377,683			2,411,232			2,409,237			2,398,425
Commercial business:
Fixed- and adjustable-rate	165,780			163,014			152,018			142,293			127,702
Variable-rate	391,354			391,113			384,360			403,070			372,828
Total commercial business	557,134			554,127			536,378			545,363			500,530
Leasing and equipment finance	1,879,958			1,837,964			1,771,231			1,707,045			1,624,781
Subtotal	10,864,120			10,729,740			10,554,567			10,311,790			9,969,241
Residential real estate	587,400			614,970			643,087			676,454			714,433
Total loans and leases	11,451,520			11,344,710			11,197,654			10,988,244			10,683,674
Allowance for loan and lease losses	(61,934		)	(58,714		)	(56,440		)	(55,079		)	(55,085		)
Net loans and leases	11,389,586			11,285,996			11,141,214			10,933,165			10,628,589
Premises and equipment	420,967			414,041			400,812			388,099			381,174
Goodwill	152,599			152,599			152,599			152,599			152,599
Other assets	339,170			344,594			347,516			321,465			305,771
	$	14,851,620		$	14,801,486		$	14,446,010		$	14,210,846		$	13,972,187
LIABILITIES AND STOCKHOLDERS’ EQUITY
Non-interest-bearing deposits:
Retail	$	1,492,429		$	1,532,150		$	1,457,265		$	1,484,651		$	1,557,933
Small business	586,711			596,460			629,011			615,119			604,776
Commercial and custodial	199,226			201,860			206,034			209,365			234,188
Total non-interest bearing deposits	2,278,366			2,330,470			2,292,310			2,309,135			2,396,897
Interest-bearing deposits:
Premier checking	1,070,397			1,073,500			1,042,361			1,021,560			1,000,749
Other checking	834,405			824,512			813,851			840,966			893,800
Subtotal	1,904,802			1,898,012			1,856,212			1,862,526			1,894,549
Premier savings	1,109,341			1,070,059			1,014,427			942,760			855,979
Other savings	1,300,857			1,314,471			1,299,319			1,350,659			1,415,767
Subtotal	2,410,198			2,384,530			2,313,746			2,293,419			2,271,746
Money market	604,217			610,286			593,961			609,997			610,766
Subtotal	4,919,217			4,892,828			4,763,919			4,765,942			4,777,061
Certificates of deposit	2,525,886			2,513,838			2,470,659			2,431,364			2,249,694
Total interest-bearing deposits	7,445,103			7,406,666			7,234,578			7,197,306			7,026,755
Total deposits	9,723,469			9,737,136			9,526,888			9,506,441			9,423,652
Borrowings:
Short-term borrowings	196,169			87,928			520,883			619,683			573,418
Long-term borrowings	3,566,883			3,599,032			3,039,011			2,780,532			2,703,623
Total borrowings	3,763,052			3,686,960			3,559,894			3,400,215			3,277,041
Accrued expenses and other liabilities	336,676			337,178			319,740			306,971			304,875
Total liabilities	13,823,197			13,761,274			13,406,522			13,213,627			13,005,568
Stockholders’ equity:
Common stock	1,315			1,316			1,534			1,842			1,842
Additional paid-in capital	351,312			344,685			395,237			468,271			467,768
Retained earnings	841,757			795,884			1,129,892			1,611,335			1,573,856
Accumulated other comprehensive loss	(42,754		)	(34,939		)	(23,804		)	(37,225		)	(48,838		)
Treasury stock at cost and other	(123,207		)	(66,734		)	(463,371		)	(1,047,004		)	(1,028,009		)
	1,028,423			1,040,212			1,039,488			997,219			966,619
	$	14,851,620		$	14,801,486		$	14,446,010		$	14,210,846		$	13,972,187
Supplemental Information:
Securities available for sale	$	1,967,524		$	1,861,335		$	1,840,649		$	1,829,917		$	1,880,671
Residential real estate loans	587,400			614,970			643,087			676,454			714,433
Total securities available for sale and residential real estate loans	$	2,554,924		$	2,476,305		$	2,483,736		$	2,506,371		$	2,595,104

22

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED QUARTERLY YIELDS AND RATES (1)

(Unaudited)

	Jun. 30,		Mar. 31,		Dec. 31,		Sep. 30,		Jun. 30,
	2007		2007		2006		2006		2006
ASSETS
Investments	4.77	%	4.91	%	4.59	%	4.74	%	4.59	%
Securities available for sale	5.42		5.40		5.37		5.35		5.35
Education loans held for sale	8.79		8.33		8.24		7.15		7.38
Loans and leases:
Consumer home equity:
Fixed-rate	6.97		6.95		6.92		6.87		6.80
Variable-rate	8.80		8.83		8.88		8.91		8.69
Consumer - other	10.16		9.89		10.30		10.31		10.60
Total consumer home equity and other	7.42		7.42		7.45		7.46		7.41
Commercial real estate:
Fixed- and adjustable-rate	6.42		6.38		6.51		6.29		6.24
Variable-rate	7.83		7.72		7.88		7.97		7.60
Total commercial real estate	6.78		6.74		6.91		6.78		6.65
Commercial business:
Fixed- and adjustable-rate	6.47		6.48		6.49		6.32		6.18
Variable-rate	7.50		7.51		7.56		7.60		7.47
Total commercial business	7.19		7.21		7.25		7.27		7.14
Leasing and equipment finance	7.67		7.45		7.56		7.54		7.23
Subtotal	7.31		7.27		7.33		7.31		7.18
Residential real estate	5.85		5.79		5.81		5.81		5.80
Total loans and leases	7.24		7.19		7.25		7.21		7.09
Total interest-earning assets	6.97		6.92		6.98		6.94		6.83
LIABILITIES
Interest-bearing deposits:
Premier checking	2.98		3.10		3.12		3.26		3.18
Other checking	.35		.26		.23		.23		.23
Subtotal	1.83		1.87		1.85		1.89		1.79
Premier savings	4.22		4.29		4.33		4.33		4.04
Other savings	1.15		1.11		1.06		.96		.85
Subtotal	2.56		2.54		2.49		2.34		2.04
Money market	2.89		2.89		2.79		2.64		2.25
Subtotal	2.32		2.32		2.28		2.21		1.97
Certificates of deposit	4.73		4.70		4.59		4.36		4.06
Total interest-bearing deposits	3.14		3.13		3.07		2.93		2.64
Total deposits	2.40		2.38		2.33		2.22		1.97
Borrowings:
Short-term borrowings	5.22		5.41		5.35		5.36		4.99
Long-term borrowings	4.51		4.49		4.46		4.51		4.50
Total borrowings	4.55		4.51		4.59		4.67		4.58
Total interest-bearing liabilities	3.00		2.96		2.94		2.86		2.64
Net interest margin	4.02	%	4.00	%	4.07	%	4.11	%	4.22	%

(1)  Annualized.

23