TCF Financial 10-Q 2009 Q3 Quarterly report

Exhibit 12(a)

CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

	Nine Months
	Ended			Year Ended December 31,
(Dollars in thousands)	September 30, 2009			2008			2007			2006			2005			2004
Earnings (1):
Income before income tax expense	$	103,903		$	205,660		$	372,518		$	357,108		$	380,410		$	384,476
Fixed charges	260,505			383,273			430,134			360,708			225,524			140,545
Other adjustments (2)	(37		)	(576		)	(862		)	(1,054		)	(1,072		)	(1,123		)
Total earnings (a)	$	364,371		$	588,357		$	801,790		$	716,762		$	604,862		$	523,898
Fixed charges (1):
Interest on deposits	$	100,941		$	156,774		$	230,625		$	195,324		$	97,406		$	42,581
Interest on borrowings	150,380			213,948			187,221			153,284			116,926			88,337
Interest portion of rental expense (3)	8,839			11,850			11,323			10,959			10,059			8,468
Other adjustments (4)	345			701			965			1,141			1,133			1,159
Total fixed charges (b)	$	260,505		$	383,273		$	430,134		$	360,708		$	225,524		$	140,545
Ratio of earnings to fixed charges (a/b)	1.40x			1.54x			1.86x			1.99x			2.68x			3.73x
Earnings, excluding interest on deposits:
Total earnings	$	364,371		$	588,357		$	801,790		$	716,762		$	604,862		$	523,898
Less interest on deposits	100,941			156,774			230,625			195,324			97,406			42,581
Total earnings excluding interest on deposits (c)	$	263,430		$	431,583		$	571,165		$	521,438		$	507,456		$	481,317
Fixed charges, excluding interest on deposits:
Total fixed charges	$	260,505		$	383,273		$	430,134		$	360,708		$	225,524		$	140,545
Less interest on deposits	100,941			156,774			230,625			195,324			97,406			42,581
Total fixed charges, excluding interest on deposits (d)	$	159,564		$	226,499		$	199,509		$	165,384		$	128,118		$	97,964
Ratio of earnings to fixed charges, excluding interest on deposits (c/d) (5)	1.65x			1.91x			2.86x			3.15x			3.96x			4.91x

(1)As defined in Item 503 (d) of Regulation S-K

(2)For purposes of the “earnings” computation, other adjustments include adding the amortization of capitalized interest and subtracting interest capitalized.

(3)The appropriate portion of rental expense (generally one-third) deemed representative of the interest factor.

(4)For purposes of the “fixed charges” computation, other adjustments include capitalized interest costs.

(5)The ratio of earning to fixed charges, excluding interest on deposits, is being provided as an additional measure to provide comparability to the ratios disclosed by all other issuers of debt securities.