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 First Quarter Earnings and EPS ($.38)

FIRST QUARTER HIGHLIGHTS

·      Diluted earnings per share of 38 cents

·      Net income of $47.4 million

·      Return on average assets of 1.18 percent

·      Return on average common equity of 17.08 percent

·      Average Power Assets^® increased by $1.2 billion, or 10.7 percent

EARNINGS SUMMARY											Table 1
($ in thousands, except per-share data)									Percent Change
	1Q			4Q			1Q		1Q08 vs		1Q08 vs
	2008			2007			2007		4Q07		1Q07
Net income	$	47,426		$	62,817		82,724		(24.5	)%	(42.7	)%
Diluted earnings per common share	.38			.50			.65		(24.0	)	(41.5	)
Financial Ratios (1)
Return on average assets	1.18		%	1.60		%	2.24	%
Return on average common equity	17.08			23.55			31.81
Net interest margin	3.84			3.83			4.00
Net charge-offs as a percentage of average loans and leases	.44			.46			.10
(1) Annualized

WAYZATA, MN, April 22, 2008 — TCF Financial Corporation (“TCF”) (NYSE: TCB) today reported diluted earnings per share of 38 cents for the first quarter of 2008, compared with 65 cents in 2007. Net income for the first quarter of 2008 was $47.4 million, compared with $82.7 million for the first quarter of 2007. Net income for the first quarter of 2008 included an $8.3 million pre-tax gain from Visa’s initial public offering, a $3.8 million pre-tax expense reduction related to a decrease in TCF’s estimated contingent obligation in regard to TCF’s Visa USA litigation indemnification and $6.3 million in pre-tax gains on sales of securities, for a combined after-tax impact of 10 cents per diluted share. Net income for the first quarter of 2007 included a $31.2 million pre-tax gain on the sale of 10 out-state Michigan branches and an $8.5 million reduction of income tax expense related to a favorable settlement with the Internal Revenue Service, for a combined after-tax impact of 23 cents per diluted share. TCF also recorded $30 million of provision for credit losses in the first quarter of 2008, as compared with $4.7 million in the first quarter of 2007.

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

Chief Executive Officer’s Statement

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

2

Total Revenue												Table 2
										Percent Change
($ in thousands)	1Q			4Q			1Q			1Q08 vs		1Q08 vs
	2008			2007			2007			4Q07		1Q07
Net interest income	$	142,829		$	139,571		$	135,477		2.3	%	5.4	%
Fees and other revenue:
Fees and service charges	63,547			72,331			62,022			(12.1	)	2.5
Card revenue	24,771			25,058			23,261			(1.1	)	6.5
ATM revenue	7,970			8,306			8,749			(4.0	)	(8.9	)
Investments and insurance	3,235			2,736			2,178			18.2		48.5
Total banking fees	99,523			108,431			96,210			(8.2	)	3.4
Leasing and equipment finance	12,134			14,841			14,001			(18.2	)	(13.3	)
Other	1,048			1,573			1,953			(33.4	)	(46.3	)
Total fees and other revenue	112,705			124,845			112,164			(9.7	)	.5
Visa share redemption	8,308			—			—			N.M.		N.M.
Gains on sales of securities available for sale	6,286			11,261			—			(44.2	)	N.M.
Gains on sales of branches and real estate	—			2,752			31,173			(100.0	)	(100.0	)
Total non-interest income	127,299			138,858			143,337			(8.3	)	(11.2	)
Total revenue	$	270,128		$	278,429		$	278,814		(3.0	)	(3.1	)
Net interest margin (1)	3.84		%	3.83		%	4.00		%
Fees and other revenue as a % of:
Total revenue	41.72			44.84			40.23
Average assets (1)	2.79			3.18			3.03
N.M. = Not Meaningful
(1)  Annualized

Net Interest Income

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

Net interest margin in the first quarter of 2008 was 3.84 percent, compared with 4.00 percent for the first quarter of 2007 and 3.83 percent for the fourth quarter of 2007. The 16 basis point decrease in net interest margin from the first quarter of 2007 was primarily due to funding growth in interest earning assets with borrowings and a shift in deposit mix to higher cost deposits. The one basis point increase in net interest margin from the fourth quarter of 2007 was primarily due to declines in rates paid on deposits and

3

borrowings exceeding declines in yields on Power Assets. At April 1, 2008, $1.1 billion of variable rate consumer home equity loans were at their contractual interest rate floor compared with $388 million at January 1, 2008.

Non-interest Income

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

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

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

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

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

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

4

Branches

Number of Branches					Table 3
At period end
	Total	New		Total	New
	Branches	Branches (1)		Branches	Branches (1)
Illinois	203	31	Traditional	195	73
Minnesota	109	18	Supermarket	243	35
Michigan	56	20	Campus	15	10
Colorado	47	39		453	118
Wisconsin	28	4
Indiana	5	1
Arizona	5	5
Total Branches	453	118
(1) New branches opened since January 1, 2003.

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

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

5

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

New Branch (1)Information								Table 4
					1Q08 vs 1Q07
($ in thousands)	1Q		1Q					Percent
	2008		2007		Change			Change
Number of deposit accounts	290,622		219,850		70,772			32.2	%
Average deposits:
Checking	$	288,734	$	206,175	$	82,559		40.0
Savings	334,562		211,378		123,184			58.3
Money market	38,698		27,508		11,190			40.7
Subtotal	661,994		445,061		216,933			48.7
Certificates of deposit	312,160		330,318		(18,158		)	(5.5	)
Total deposits	$	974,154	$	775,379	$	198,775		25.6
Total fees and other revenue	$	14,556	$	10,705	$	3,851		36.0
(1) New branches opened since January 1, 2003.

6

Power Assets®

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

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

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

7

Power Liabilities®

Average Power Liabilities									Table 6
							Percent Change
($ in thousands)	1Q		4Q		1Q		1Q08 vs		1Q08 vs
	2008		2007		2007		4Q07		1Q07
Non-interest bearing deposits:
Retail	$	1,415,379	$	1,348,202	$	1,532,150	5.0	%	(7.6	)%
Small business	565,148		600,491		596,460		(5.9	)	(5.2	)
Commercial and custodial	200,624		201,161		201,860		(.3	)	(.6	)
Total non-interest bearing	2,181,151		2,149,854		2,330,470		1.5		(6.4	)
Interest-bearing deposits:
Premier checking	1,008,802		1,026,408		1,073,500		(1.7	)	(6.0	)
Other checking	837,804		816,512		824,512		2.6		1.6
Subtotal	1,846,606		1,842,920		1,898,012		.2		(2.7	)
Premier savings	1,473,997		1,353,638		1,070,059		8.9		37.7
Other savings	1,251,053		1,229,808		1,314,471		1.7		(4.8	)
Subtotal	2,725,050		2,583,446		2,384,530		5.5		14.3
Money market	589,392		598,483		610,286		(1.5	)	(3.4	)
Subtotal	5,161,048		5,024,849		4,892,828		2.7		5.5
Certificates of deposit	2,500,362		2,307,411		2,513,838		8.4		(.5	)
Total interest-bearing	7,661,410		7,332,260		7,406,666		4.5		3.4
Power Liabilities	$	9,842,561	$	9,482,114	$	9,737,136	3.8		1.1
Average rate on deposits	1.99%		2.29%		2.38%

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

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

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

8

Non-interest Expense

										Table 7
								Percent Change
($ in thousands)	1Q			4Q		1Q		1Q08 vs		1Q08 vs
	2008			2007		2007		4Q07		1Q07
Compensation and employee benefits	$	88,718		$	86,555	$	88,093	2.5	%	.7	%
Occupancy and equipment	32,413			30,818		30,451		5.2		6.4
Advertising and promotions	6,296			4,632		5,981		35.9		5.3
Other	40,101			38,391		35,315		4.5		13.6
Subtotal	167,528			160,396		159,840		4.5		4.8
Visa indemnification	(3,766		)	7,696		—		N.M.		N.M.
Operating lease depreciation	4,514			4,521		4,360		(.2	)	3.5
Total non-interest expense	$	168,276		$	172,613	$	164,200	(2.5	)	2.5
N.M. = Not Meaningful

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

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

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

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

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

9

Credit Quality

Credit Quality Summary							Table 8
							Percent Change
($ in thousands)	1Q		4Q		1Q		1Q08 vs		1Q08 vs
	2008		2007		2007		4Q07		1Q07
Allowance for loan and lease losses
Balance at beginning of period	$     80,942		$   74,632		$   58,543		8.5	%	38.3	%
Charge-offs	(17,822	)	(17,771	)	(9,232	)	.3		93.0
Recoveries	4,275		3,957		6,516		8.0		(34.4	)
Net charge-offs	(13,547	)	(13,814	)	(2,716	)	(1.9	)	N.M.
Provision for credit losses	29,995		20,124		4,656		49.1		N.M.
Balance at end of period	$     97,390		$   80,942		$   60,483		20.3		61.0
Allowance as a percentage of period end loans and leases	.77%		.66%		.53%
Ratio of allowance to net charge-offs (1)	1.8X		1.5X		5.6X
Net Charge-offs as a Percentage of
Average Loans and Leases (1)
Consumer home equity:
First mortgage lien	.38%		.30%		.15%
Junior lien	.84		.62		.35
Total home equity	.55		.42		.22
Total consumer	.62		.56		.20
Commercial real estate	.07		.33		.07
Commercial business	.44		.30		.11
Leasing and equipment finance	.39		.45		(.18)
Residential real estate	.13		.05		.02
Total	.44		.46		.10
Other Credit Quality Data
Delinquencies (2)
30+ days	$  104,337		$  82,577		$ 46,814		26.4		122.9
90+ days	$    23,538		$  15,384		$ 10,131		55.6		136.3
Delinquencies as a percentage of loan and lease portfolio (2):
30+ days	.83%		.67%		.41%
90+ days	.19%		.12%		.09%
Non-accrual loans and leases	$    86,226		$  59,854		$ 55,106		44.1		56.5
Real estate owned	47,815		45,765		27,212		4.5		75.7
Total non-performing assets	$  134,041		$105,619		$  82,318		26.9		62.8
Non-performing assets as a percentage of net loans and leases	1.07%		.86%		.72%
(1)  Annualized
(2)  Excludes non-accrual loans and leases.

10

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

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

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

Income Taxes

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

11

Capital

Capital Information									Table 9
At period end
($ in thousands, except per-share data)	1Q					4Q
	2008					2007
Stockholders’ equity	$	1,129,870				$	1,099,012
Stockholders’ equity to total assets	6.90		%			6.88		%
Book value per common share	$	8.94				$	8.68
Risk-based capital
Tier 1	$	980,270		8.34	%	$	964,467		8.28	%
Total	1,278,720			10.87		1,245,808			10.70
Total “well-capitalized” requirement	1,176,003			10.00		1,164,829			10.00
Excess over “well-capitalized” requirement	102,717			.87		80,979			.70

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

Website Information

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

TCF is a Wayzata, Minnesota-based national financial holding company with $16.4 billion in total assets. The company has 453 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana and Arizona, providing retail and commercial banking services, and investments and insurance products. TCF also conducts leasing and equipment finance business in all 50 states.

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 and are subject to a number of risks and uncertainties. These include, but are not limited, to possible legislative changes and adverse economic, business and competitive developments such as shrinking interest margins; deposit outflows; an inability to increase the number of deposit accounts and the possibility that deposit account losses (fraudulent checks, etc.) may increase; impact of legal, legislative or other changes affecting customer account charges and fee income; reduced demand for financial services and loan and lease products; adverse developments affecting TCF’s supermarket banking relationships or any of the supermarket chains in which TCF maintains supermarket branches; changes in accounting standards or interpretations of existing standards; monetary, fiscal or tax policies of the federal or state governments; including adoption of state legislation that would increase state taxes; impact of federal legislation enacted in September 2007, reducing interest subsidies and other benefits available to TCF in its education lending programs; adverse findings in tax audits or regulatory examinations and resulting enforcement actions; changes in credit and other risks posed by TCF’s loan, lease, investment, and securities available for sale portfolios, including declines in commercial or residential real estate values or changes in allowance for loan and lease losses methodology dictated by new market conditions or regulatory requirements; imposition of vicarious liability on TCF as lessor in its leasing operations; denial of insurance coverage for claims made by TCF; technological, computer-related or operational difficulties or loss or theft of information; adverse changes in securities markets directly or indirectly affecting TCF’s ability to sell assets or to fund its operations; and results of litigation, including possible increases in indemnification obligations for certain litigation against Visa USA (“covered litigation”) and potential reductions in card revenues resulting from other litigation against Visa; or other significant uncertainties. Investors should consult TCF���s Annual Report on Form 10-K, and Forms 10-Q and 8-K for additional important information about the Company.

13

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Dollars in thousands, except per-share data)

(Unaudited)

	Three Months Ended
	March 31,				Change
	2008		2007		$			%
Interest income:
Loans and leases	$	211,777	$	201,605	$	10,172		5.0
Securities available for sale	28,279		25,105		3,174			12.6
Education loans held for sale	3,452		4,146		(694		)	(16.7	)
Investments	1,642		2,806		(1,164		)	(41.5	)
Total interest income	245,150		233,662		11,488			4.9
Interest expense:
Deposits	48,728		57,155		(8,427		)	(14.7	)
Borrowings	53,593		41,030		12,563			30.6
Total interest expense	102,321		98,185		4,136			4.2
Net interest income	142,829		135,477		7,352			5.4
Provision for credit losses	29,995		4,656		25,339			N.M.
Net interest income after provision for credit losses	112,834		130,821		(17,987		)	(13.7	)
Non-interest income:
Fees and service charges	63,547		62,022		1,525			2.5
Card revenue	24,771		23,261		1,510			6.5
ATM revenue	7,970		8,749		(779		)	(8.9	)
Investments and insurance revenue	3,235		2,178		1,057			48.5
Subtotal	99,523		96,210		3,313			3.4
Leasing and equipment finance	12,134		14,001		(1,867		)	(13.3	)
Other	1,048		1,953		(905		)	(46.3	)
Fees and other revenue	112,705		112,164		541			.5
Visa share redemption	8,308		—		8,308			N.M.
Gains on sales of securities available for sale	6,286		—		6,286			N.M.
Gains on sales of branches and real estate	—		31,173		(31,173		)	(100.0	)
Total non-interest income	127,299		143,337		(16,038		)	(11.2	)
Non-interest expense:
Compensation and employee benefits	88,718		88,093		625			.7
Occupancy and equipment	32,413		30,451		1,962			6.4
Advertising and promotions	6,296		5,981		315			5.3
Other	36,335		35,315		1,020			2.9
Subtotal	163,762		159,840		3,922			2.5
Operating lease depreciation	4,514		4,360		154			3.5
Total non-interest expense	168,276		164,200		4,076			2.5
Income before income tax expense	71,857		109,958		(38,101		)	(34.7	)
Income tax expense	24,431		27,234		(2,803		)	(10.3	)
Net income	$	47,426	$	82,724	$	(35,298	)	(42.7	)
Net income per common share:
Basic	$	.38	$	.65	$	(.27	)	(41.5	)
Diluted	.38		$	.65	(.27		)	(41.5	)
Dividends declared per common share	$	.25	$	.2425	$	.0075		3.1
Average common and common equivalent shares outstanding (in thousands):
Basic	124,645		127,676		(3,031		)	(2.4	)
Diluted	125,120		127,921		(2,801		)	(2.2	)

N.M.   Not meaningful

14

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Dollars in thousands, except per-share data)

(Unaudited)

	At			At			At			% Change from
	March 31,			December 31,			March 31,			December 31,		March 31,
	2008			2007			2007			2007		2007
ASSETS
Cash and due from banks	$	331,171		$	358,174		$	282,502		(7.5	)%	17.2	%
Investments	144,179			148,267			272,273			(2.8	)	(47.0	)
Securities available for sale	2,177,262			1,963,681			1,859,244			10.9		17.1
Education loans held for sale	223,333			156,135			208,107			43.0		7.3
Loans and leases:
Consumer home equity and other	6,784,621			6,590,631			6,041,881			2.9		12.3
Commercial real estate	2,596,050			2,557,330			2,362,023			1.5		9.9
Commercial business	535,014			558,325			561,434			(4.2	)	(4.7	)
Leasing and equipment finance	2,180,782			2,104,343			1,849,874			3.6		17.9
Subtotal	12,096,467			11,810,629			10,815,212			2.4		11.8
Residential real estate	506,394			527,607			602,748			(4.0	)	(16.0	)
Total loans and leases	12,602,861			12,338,236			11,417,960			2.1		10.4
Allowance for loan and lease losses	(97,390		)	(80,942		)	(60,483		)	(20.3	)	(61.0	)
Net loans and leases	12,505,471			12,257,294			11,357,477			2.0		10.1
Premises and equipment, net	439,532			438,452			416,570			.2		5.5
Goodwill	152,599			152,599			152,599			—		—
Other assets	396,817			502,452			349,603			(21.0	)	13.5
Total assets	$	16,370,364		$	15,977,054		$	14,898,375		2.5		9.9
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Checking	$	4,288,960		$	4,108,527		$	4,404,950		4.4		(2.6	)
Savings	2,882,813			2,636,820			2,415,895			9.3		19.3
Money market	585,840			576,667			599,635			1.6		(2.3	)
Subtotal	7,757,613			7,322,014			7,420,480			5.9		4.5
Certificates of deposit	2,599,456			2,254,535			2,477,230			15.3		4.9
Total deposits	10,357,069			9,576,549			9,897,710			8.2		4.6
Short-term borrowings	138,442			556,070			47,376			(75.1	)	192.2
Long-term borrowings	4,414,644			4,417,378			3,571,930			(.1	)	23.6
Total borrowings	4,553,086			4,973,448			3,619,306			(8.5	)	25.8
Accrued expenses and other liabilities	330,339			328,045			319,351			.7		3.4
Total liabilities	15,240,494			14,878,042			13,836,367			2.4		10.1
Stockholders’ equity:
Common stock, par value $.01 per share, 280,000,000 shares authorized; 131,065,676; 131,468,699 and 131,520,842 shares issued	1,311			1,315			1,315			(.3	)	(.3	)
Additional paid-in capital	349,392			354,563			350,739			(1.5	)	(.4	)
Retained earnings, subject to certain restrictions	942,937			926,875			835,218			1.7		12.9
Accumulated other comprehensive loss	(3,000		)	(18,055		)	(32,238		)	83.4		90.7
Treasury stock at cost, 4,752,480; 4,866,480 and 52,397,230 shares, and other	(160,770		)	(165,686		)	(93,026		)	3.0		(72.8	)
Total stockholders’ equity	1,129,870			1,099,012			1,062,008			2.8		6.4
Total liabilities and stockholders’ equity	$	16,370,364		$	15,977,054		$	14,898,375		2.5		9.9

15

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CREDIT QUALITY DATA

(Dollars in thousands)

(Unaudited)

Allowance for loan and lease losses

													Allowance as % of Portfolio
	At March 31, 2008				At December 31, 2007				At March 31, 2007				Change from
	Allowance				Allowance				Allowance				Dec. 31,		Mar. 31,
	Balance		% of Portfolio		Balance		% of Portfolio		Balance		% of Portfolio		2007		2007
Consumer home equity	$	38,891	.58	%	$	30,951	.47	%	$	15,345	.26	%	11	bps	32	bps
Consumer other	1,893		3.07		2,059		3.05		1,965		3.33		2		(26	)
Total consumer home equity and other	40,784		.60		33,010		.50		17,310		.29		10		31
Commercial real estate	33,051		1.27		25,891		1.01		22,367		.95		26		32
Commercial business	6,912		1.29		7,077		1.27		7,294		1.30		2		(1	)
Leasing and equipment finance	15,942		.73		14,319		.68		12,970		.70		5		3
Residential real estate	701		.14		645		.12		542		.09		2		5
Total	$	97,390	.77		$	80,942	.66		$	60,483	.53		11		24

Net Charge-Offs

	Quarter Ended															Change from
	Mar. 31			Dec. 31,			Sep. 30,			Jun. 30,			Mar. 31,			Dec. 31,			Mar. 31,
	2008			2007			2007			2007			2007			2007			2007
Consumer home equity
First mortgage lien	$	4,040		$	3,130		$	2,656		$	2,137		$	1,413		$	910		$	2,627
Junior lien	4,973			3,585			3,231			2,364			1,849			1,388			3,124
Total consumer home equity	9,013			6,715			5,887			4,501			3,262			2,298			5,751
Consumer other	1,195			2,379			3,269			1,075			(287		)	(1,184		)	1,482
Total consumer home equity and other	10,208			9,094			9,156			5,576			2,975			1,114			7,233
Commercial real estate	466			1,987			19			—			403			(1,521		)	63
Commercial business	597			430			627			43			148			167			449
Leasing and equipment finance	2,105			2,234			1,164			1,362			(838		)	(129		)	2,943
Residential real estate	171			69			94			22			28			102			143
Total	$	13,547		$	13,814		$	11,060		$	7,003		$	2,716		$	(267	)	$	10,831
Net Charge-Offs as a Percentage of Average Loans and Leases
	Quarter Ended (1)															Change from
	Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Mar. 31,			Dec. 31,			Mar. 31,
	2008			2007			2007			2007			2007			2007			2007
Consumer home equity
First mortgage lien	.38		%	.30		%	.27		%	.22		%	.15		%	8		bps	23		bps
Junior lien	.84			.62			.58			.44			.35			22			49
Total consumer home equity	.55			.42			.38			.30			.22			13			33
Total consumer	.62			.56			.59			.37			.20			6			42
Commercial real estate	.07			.33			—			—			.07			(26		)	—
Commercial business	.44			.30			.44			.03			.11			14			33
Leasing and equipment finance	.39			.45			.24			.29			(.18		)	(6		)	57
Residential real estate	.13			.05			.07			.01			.02			8			11
Total	.44			.46			.38			.24			.10			(2		)	34
Non-performing assets
	At			At			At			At			At			Change from
	Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Mar. 31,			Dec. 31,			Mar. 31,
	2008			2007			2007			2007			2007			2007			2007
Non-accrual loans and leases:
Consumer home equity
First mortgage lien	$	28,412		$	20,776		$	13,794		$	11,309		$	12,677		$	7,636		$	15,735
Junior lien	7,434			5,391			4,610			4,563			5,348			2,043			2,086
Total consumer home equity	35,846			26,167			18,404			15,872			18,025			9,679			17,821
Consumer other	13			6			11			29			34			7			(21		)
Total consumer home equity and other	35,859			26,173			18,415			15,901			18,059			9,686			17,800
Commercial real estate	34,300			19,999			13,824			11,746			25,500			14,301			8,800
Commercial business	2,350			2,658			2,686			3,337			2,292			(308		)	58
Leasing and equipment finance	10,726			8,050			9,177			6,886			5,978			2,676			4,748
Residential real estate	2,991			2,974			3,133			2,521			3,277			17			(286		)
Total non-accrual loans and leases	86,226			59,854			47,235			40,391			55,106			26,372			31,120
Other real estate owned:
Residential real estate	30,415			28,752			28,444			30,111			26,241			1,663			4,174
Commercial real estate	17,400			17,013			14,566			14,702			971			387			16,429
Total other real estate owned	47,815			45,765			43,010			44,813			27,212			2,050			20,603
Total non-performing assets	$	134,041		$	105,619		$	90,245		$	85,204		$	82,318		$	28,422		$	51,723
Non-performing assets as a percentage of net loans and leases	1.07		%	.86		%	.76		%	.74		%	.72		%	21		bps	35		bps

(1)   Annualized

16

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CREDIT QUALITY DATA

(Dollars in thousands)

(Unaudited)

Delinquency data - principal balances (1)
	At			At			At			At			At			Change from
	Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Mar. 31,			Dec. 31,			Mar. 31,
	2008			2007			2007			2007			2007			2007			2007
30 days or more:
Consumer home equity
First mortgage lien	$	50,097		$	31,784		$	27,957		$	19,288		$	20,654		$	18,313		$	29,443
Junior lien	15,378			12,289			11,185			8,709			6,729			3,089			8,649
Total consumer home equity	65,475			44,073			39,142			27,997			27,383			21,402			38,092
Consumer other	342			377			416			272			270			(35		)	72
Total consumer home equity and other	65,817			44,450			39,558			28,269			27,653			21,367			38,164
Commercial real estate	7,888			11,382			7,140			10,739			3,857			(3,494		)	4,031
Commercial business	527			1,071			2,653			183			1,021			(544		)	(494			)
Leasing and equipment finance	19,956			15,691			15,651			11,016			7,102			4,265			12,854
Residential real estate	10,149			9,983			9,567			8,480			7,181			166			2,968
Total 30 days or more	$	104,337		$	82,577		$	74,569		$	58,687		$	46,814		$	21,760		$	57,523
Total 90 days or more and still accruing	$	23,538		$	15,384		$	13,887		$	20,754		$	10,131		$	8,559		$	13,812
Delinquency data - % of portfolio (1)
	At			At			At			At			At			Change from
	Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Mar. 31,			Dec. 31,			Mar. 31,
	2008			2007			2007			2007			2007			2007			2007
30 days or more:
Consumer home equity
First mortgage lien	1.17		%	.76		%	.69		%	.50		%	.54		%	41		bps	63		bps
Junior lien	.64			.53			.50			.40			.32			11			32
Total consumer home equity	.98			.68			.62			.46			.46			30			52
Consumer other	.55			.56			.62			.42			.71			(1		)	(16		)
Total consumer home equity and other	.98			.68			.62			.46			.46			30			52
Commercial real estate	.31			.45			.30			.46			.17			(14		)	14
Commercial business	.10			.19			.46			.03			.18			(9		)	(8		)
Leasing and equipment finance	.92			.75			.80			.58			.39			17			53
Residential real estate	2.02			1.90			1.76			1.49			1.20			12			82
Total 30 days or more	.83			.67			.63			.51			.41			16			42
Total 90 days or more and still accruing	.19			.12			.12			.18			.09			7			10
Potential Problem Loans and Leases (2)
	At			At			At			At			At			Change from
	Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Mar. 31,			Dec. 31,			Mar. 31,
	2008			2007			2007			2007			2007			2007			2007
Consumer home equity (3)	$	15,120		$	4,861		$	1,102		$	-		$	-		$	10,259		$	15,120
Commercial real estate	36,172			31,511			42,277			35,956			25,563			4,661			10,609
Commercial business	34,787			8,695			8,764			8,557			16,747			26,092			18,040
Leasing and equipment finance	16,010			15,015			14,109			12,022			12,316			995			3,694
	$	102,089		$	60,082		$	66,252		$	56,535		$	54,626		$	42,007		$	47,463

(1)   Excludes non-accrual loans and leases.

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

(3)   Consists of certain loans with restructured terms.

17

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES

(Dollars in thousands)

(Unaudited)

	Three Months Ended March 31,
	2008						2007
	Average		Yields and		Average		Yields and
	Balance		Interest		Rates (1)		Balance		Interest		Rates (1)
ASSETS
Investments	$	150,659	$	1,642	4.38	%	$	231,256	$	2,806	4.91	%
Securities available for sale	2,140,951		28,279		5.28		1,861,335		25,105		5.40
Education loans held for sale	215,434		3,452		6.44		201,924		4,146		8.33
Loans and leases:
Consumer home equity:
Fixed-rate	4,983,410		85,938		6.94		4,475,520		76,676		6.95
Variable-rate	1,603,032		28,194		7.07		1,442,593		31,408		8.83
Consumer - other	44,008		980		8.96		41,853		1,021		9.89
Total consumer home equity and other	6,630,450		115,112		6.98		5,959,966		109,105		7.42
Commercial real estate:
Fixed- and adjustable-rate	1,975,344		31,244		6.36		1,732,636		27,236		6.38
Variable-rate	591,071		8,778		5.97		645,047		12,281		7.72
Total commercial real estate	2,566,415		40,022		6.27		2,377,683		39,517		6.74
Commercial business:
Fixed- and adjustable-rate	177,691		2,755		6.24		163,014		2,606		6.48
Variable-rate	365,997		5,373		5.90		391,113		7,247		7.51
Total commercial business	543,688		8,128		6.01		554,127		9,853		7.21
Leasing and equipment finance	2,140,695		40,933		7.65		1,837,964		34,247		7.45
Subtotal	11,881,248		204,195		6.90		10,729,740		192,722		7.27
Residential real estate	517,791		7,582		5.86		614,970		8,883		5.79
Total loans and leases	12,399,039		211,777		6.86		11,344,710		201,605		7.19
Total interest-earning assets	14,906,083		245,150		6.60		13,639,225		233,662		6.92
Other assets	1,228,970						1,162,261
Total assets	$	16,135,053					$	14,801,486
LIABILITIES AND STOCKHOLDERS’ EQUITY
Non-interest bearing deposits:
Retail	$	1,415,379					$	1,532,150
Small business	565,148						596,460
Commercial and custodial	200,624						201,860
Total non-interest bearing deposits	2,181,151						2,330,470
Interest-bearing deposits:
Premier checking	1,008,802		4,057		1.62		1,073,500		8,206		3.10
Other checking	837,804		674		0.32		824,512		534		0.26
Subtotal	1,846,606		4,731		1.03		1,898,012		8,740		1.87
Premier savings	1,473,997		11,781		3.21		1,070,059		11,319		4.29
Other savings	1,251,053		3,007		0.97		1,314,471		3,594		1.11
Subtotal	2,725,050		14,788		2.18		2,384,530		14,913		2.54
Money market	589,392		2,972		2.03		610,286		4,349		2.89
Subtotal	5,161,048		22,491		1.76		4,892,828		28,002		2.32
Certificates of deposit	2,500,362		26,237		4.21		2,513,838		29,153		4.70
Total interest-bearing deposits	7,661,410		48,728		2.56		7,406,666		57,155		3.13
Total deposits	9,842,561		48,728		1.99		9,737,136		57,155		2.38
Borrowings:
Short-term borrowings	399,023		3,610		3.64		87,928		1,172		5.41
Long-term borrowings	4,414,630		49,983		4.55		3,599,032		39,858		4.49
Total borrowings	4,813,653		53,593		4.48		3,686,960		41,030		4.51
Total deposits and borrowings	14,656,214		102,321		2.81		13,424,096		98,185		2.96
Other liabilities	368,216						337,178
Total liabilities	15,024,430						13,761,274
Stockholders’ equity	1,110,623						1,040,212
Total liabilities and stockholders’ equity	$	16,135,053					$	14,801,486
Net interest income and margin			$	142,829	3.84	%			$	135,477	4.00	%

(1)   Annualized

18

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED QUARTERLY STATEMENTS OF INCOME AND FINANCIAL RATIOS

(Dollars in thousands, except per-share data)

(Unaudited)

	At or For the Three Months Ended
	Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Mar. 31,
	2008			2007			2007			2007			2007
Interest income:
Loans and leases	$	211,777		$	215,082		$	213,528		$	206,738		$	201,605
Securities available for sale	28,279			29,372			28,439			26,665			25,105
Education loans held for sale	3,452			3,153			2,588			3,365			4,146
Investments	1,642			1,595			2,279			1,557			2,806
Total interest income	245,150			249,202			246,834			238,325			233,662
Interest expense:
Deposits	48,728			54,788			60,440			58,242			57,155
Borrowings	53,593			54,843			48,690			42,658			41,030
Total interest expense	102,321			109,631			109,130			100,900			98,185
Net interest income	142,829			139,571			137,704			137,425			135,477
Provision for credit losses	29,995			20,124			18,883			13,329			4,656
Net interest income after provision for credit losses	112,834			119,447			118,821			124,096			130,821
Non-interest income:
Fees and service charges	63,547			72,331			71,965			71,728			62,022
Card revenue	24,771			25,058			25,685			24,876			23,261
ATM revenue	7,970			8,306			9,251			9,314			8,749
Investments and insurance revenue	3,235			2,736			2,632			2,772			2,178
Subtotal	99,523			108,431			109,533			108,690			96,210
Leasing and equipment finance	12,134			14,841			15,110			15,199			14,001
Other	1,048			1,573			1,751			2,993			1,953
Fees and other revenue	112,705			124,845			126,394			126,882			112,164
Visa share redemption	8,308			—			—			—			—
Gains on sales of securities available for sale	6,286			11,261			2,017			—			—
Gains on sales of branches and real estate	—			2,752			1,246			2,723			31,173
Total non-interest income	127,299			138,858			129,657			129,605			143,337
Non-interest expense:
Compensation and employee benefits	88,718			86,555			85,113			86,707			88,093
Occupancy and equipment	32,413			30,818			30,226			29,329			30,451
Advertising and promotions	6,296			4,632			5,480			5,586			5,981
Other	36,335			46,087			37,632			36,531			35,315
Subtotal	163,762			168,092			158,451			158,153			159,840
Operating lease depreciation	4,514			4,521			4,326			4,381			4,360
Total non-interest expense	168,276			172,613			162,777			162,534			164,200
Income before income tax expense	71,857			85,692			85,701			91,167			109,958
Income tax expense	24,431			22,875			26,563			29,038			27,234
Net income	$	47,426		$	62,817		$	59,138		$	62,129		$	82,724
Net income per common share:
Basic	$	.38		$	.51		$	.48		$	.49		$	.65
Diluted	.38			.50			.48			.49			.65
Dividends declared per common share	$	.25		$	.2425		$	.2425		$	.2425		$	.2425
Financial Ratios:
Return on average assets (1)	1.18		%	1.60		%	1.55		%	1.67		%	2.24		%
Return on average common equity (1)	17.08			23.55			23.39			24.16			31.81
Net interest margin (1)	3.84			3.83			3.90			4.02			4.00
Net charge-offs as a percentage of average loans and leases (1)	.44			.46			.38			.24			.10
Average total equity to average assets	6.88			6.79			6.64			6.92			7.03

(1)   Annualized

19

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED QUARTERLY AVERAGE BALANCE SHEETS AND SUPPLEMENTAL INFORMATION

(In thousands)

(Unaudited)

	Mar. 31,			Dec. 31,			Sep. 30,			Jun. 30,			Mar. 31,
	2008			2007			2007			2007			2007
ASSETS
Cash and due from banks	$	304,442		$	310,011		$	309,596		$	297,231		$	309,741
Investments	150,659			147,058			203,406			130,977			231,256
Securities available for sale	2,140,951			2,187,068			2,078,155			1,967,524			1,861,335
Education loans held for sale	215,434			153,146			110,449			153,566			201,924
Loans and leases:
Consumer home equity:
Fixed-rate	4,983,410			4,889,304			4,750,552			4,614,322			4,475,520
Variable-rate	1,603,032			1,522,243			1,455,701			1,421,390			1,442,593
Consumer - other	44,008			45,294			45,440			41,708			41,853
Total consumer home equity and other	6,630,450			6,456,841			6,251,693			6,077,420			5,959,966
Commercial real estate:
Fixed- and adjustable-rate	1,975,344			1,839,817			1,786,829			1,750,690			1,732,636
Variable-rate	591,071			605,195			584,378			598,918			645,047
Total commercial real estate	2,566,415			2,445,012			2,371,207			2,349,608			2,377,683
Commercial business:
Fixed- and adjustable-rate	177,691			179,525			170,593			165,780			163,014
Variable-rate	365,997			395,356			395,871			391,354			391,113
Total commercial business	543,688			574,881			566,464			557,134			554,127
Leasing and equipment finance	2,140,695			2,005,889			1,937,269			1,879,958			1,837,964
Subtotal	11,881,248			11,482,623			11,126,633			10,864,120			10,729,740
Residential real estate	517,791			537,449			559,413			587,400			614,970
Total loans and leases	12,399,039			12,020,072			11,686,046			11,451,520			11,344,710
Allowance for loan and lease losses	(84,048		)	(77,072		)	(68,564		)	(61,934		)	(58,714		)
Net loans and leases	12,314,991			11,943,000			11,617,482			11,389,586			11,285,996
Premises and equipment	440,516			435,426			427,632			420,967			414,041
Goodwill	152,599			152,599			152,599			152,599			152,599
Other assets	415,461			377,464			325,846			339,170			344,594
	$	16,135,053		$	15,705,772		$	15,225,165		$	14,851,620		$	14,801,486
LIABILITIES AND STOCKHOLDERS’ EQUITY
Non-interest-bearing deposits:
Retail	$	1,415,379		$	1,348,202		$	1,406,155		$	1,492,429		$	1,532,150
Small business	565,148			600,491			596,197			586,711			596,460
Commercial and custodial	200,624			201,161			195,529			199,226			201,860
Total non-interest bearing deposits	2,181,151			2,149,854			2,197,881			2,278,366			2,330,470
Interest-bearing deposits:
Premier checking	1,008,802			1,026,408			1,048,449			1,070,397			1,073,500
Other checking	837,804			816,512			823,833			834,405			824,512
Subtotal	1,846,606			1,842,920			1,872,282			1,904,802			1,898,012
Premier savings	1,473,997			1,353,638			1,202,672			1,109,341			1,070,059
Other savings	1,251,053			1,229,808			1,274,164			1,300,857			1,314,471
Subtotal	2,725,050			2,583,446			2,476,836			2,410,198			2,384,530
Money market	589,392			598,483			606,198			604,217			610,286
Subtotal	5,161,048			5,024,849			4,955,316			4,919,217			4,892,828
Certificates of deposit	2,500,362			2,307,411			2,498,936			2,525,886			2,513,838
Total interest-bearing deposits	7,661,410			7,332,260			7,454,252			7,445,103			7,406,666
Total deposits	9,842,561			9,482,114			9,652,133			9,723,469			9,737,136
Borrowings:
Short-term borrowings	399,023			450,027			183,582			196,169			87,928
Long-term borrowings	4,414,630			4,340,891			4,043,570			3,566,883			3,599,032
Total borrowings	4,813,653			4,790,918			4,227,152			3,763,052			3,686,960
Accrued expenses and other liabilities	368,216			365,888			334,630			336,676			337,178
Total liabilities	15,024,430			14,638,920			14,213,915			13,823,197			13,761,274
Stockholders’ equity:
Common stock	1,312			1,315			1,315			1,315			1,316
Additional paid-in capital	351,447			353,365			351,905			351,312			344,685
Retained earnings	926,497			901,799			871,691			841,757			795,884
Accumulated other comprehensive loss	(5,715		)	(24,229		)	(52,355		)	(42,754		)	(34,939		)
Treasury stock at cost and other	(162,918		)	(165,398		)	(161,306		)	(123,207		)	(66,734		)
	1,110,623			1,066,852			1,011,250			1,028,423			1,040,212
	$	16,135,053		$	15,705,772		$	15,225,165		$	14,851,620		$	14,801,486
Supplemental Information:
Securities available for sale	$	2,140,951		$	2,187,068		$	2,078,155		$	1,967,524		$	1,861,335
Residential real estate loans	517,791			537,449			559,413			587,400			614,970
Total securities available for sale and residential real estate loans	$	2,658,742		$	2,724,517		$	2,637,568		$	2,554,924		$	2,476,305

20

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED QUARTERLY YIELDS AND RATES (1)

(Unaudited)

	Mar. 31,		Dec. 31,		Sep. 30,		Jun. 30,		Mar. 31,
	2008		2007		2007		2007		2007
ASSETS
Investments	4.38	%	4.31	%	4.45	%	4.77	%	4.91	%
Securities available for sale	5.28		5.37		5.47		5.42		5.40
Education loans held for sale	6.44		8.17		9.30		8.79		8.33
Loans and leases:
Consumer home equity:
Fixed-rate	6.94		6.98		6.99		6.97		6.95
Variable-rate	7.07		7.98		8.67		8.80		8.83
Consumer - other	8.96		9.76		9.74		10.16		9.89
Total consumer home equity and other	6.98		7.23		7.40		7.42		7.42
Commercial real estate:
Fixed- and adjustable-rate	6.36		6.44		6.44		6.42		6.38
Variable-rate	5.97		7.09		7.86		7.83		7.72
Total commercial real estate	6.27		6.60		6.79		6.78		6.74
Commercial business:
Fixed- and adjustable-rate	6.24		6.31		6.32		6.47		6.48
Variable-rate	5.90		6.91		7.51		7.50		7.51
Total commercial business	6.01		6.72		7.16		7.19		7.21
Leasing and equipment finance	7.65		7.82		7.84		7.67		7.45
Subtotal	6.90		7.17		7.34		7.31		7.27
Residential real estate	5.86		5.77		5.77		5.85		5.79
Total loans and leases	6.86		7.11		7.26		7.24		7.19
Total interest-earning assets	6.60		6.83		6.97		6.97		6.92
LIABILITIES
Interest-bearing deposits:
Premier checking	1.62		2.49		3.05		2.98		3.10
Other checking	.32		.40		.43		.35		.26
Subtotal	1.03		1.57		1.90		1.83		1.87
Premier savings	3.21		4.05		4.35		4.22		4.29
Other savings	.97		1.13		1.29		1.15		1.11
Subtotal	2.18		2.66		2.77		2.56		2.54
Money market	2.03		2.76		3.02		2.89		2.89
Subtotal	1.76		2.27		2.48		2.32		2.32
Certificates of deposit	4.21		4.47		4.68		4.73		4.70
Total interest-bearing deposits	2.56		2.96		3.22		3.14		3.13
Total deposits	1.99		2.29		2.48		2.40		2.38
Borrowings:
Short-term borrowings	3.64		4.57		5.32		5.22		5.41
Long-term borrowings	4.55		4.54		4.54		4.51		4.49
Total borrowings	4.48		4.54		4.57		4.55		4.51
Total interest-bearing liabilities	3.30		3.59		3.71		3.61		3.59
Net interest margin	3.84	%	3.83	%	3.90	%	4.02	%	4.00	%
(1)  Annualized

21