Exhibit 99.1

18 

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Dollars in thousands, except per-share data)

(Unaudited)

Six Months Ended June 30,

Change

2012 

2011 

$

%

Interest income:

Loans and leases

$

 414,750 

$

 428,496 

$

 (13,746) 

 (3.2) 

%

Securities available for sale

 24,928 

 40,068 

 (15,140) 

 (37.8) 

Investments and other

 6,066 

 3,637 

 2,429 

 66.8 

*

Total interest income

 445,744 

 472,201 

 (26,457) 

 (5.6) 

Interest expense:

Deposits

 19,258 

 23,434 

 (4,176) 

 (17.8) 

Borrowings

 48,089 

 98,577 

 (50,488) 

 (51.2) 

Total interest expense

 67,347 

 122,011 

 (54,664) 

 (44.8) 

Net interest income

 378,397 

 350,190 

 28,207 

 8.1 

Provision for credit losses

 102,648 

 89,279 

 13,369 

 15.0 

Net interest income after provision for

credit losses

 275,749 

 260,911 

 14,838 

 5.7 

Non-interest income:

Fees and service charges

 89,946 

 109,909 

 (19,963) 

 (18.2) 

Card revenue

 26,737 

 54,803 

 (28,066) 

 (51.2) 

ATM revenue

 12,475 

 13,796 

 (1,321) 

 (9.6) 

Subtotal

 129,158 

 178,508 

 (49,350) 

 (27.6) 

Leasing and equipment finance

 46,074 

 49,029 

 (2,955) 

 (6.0) 

Gains on sales of auto loans

 7,746 

 - 

 7,746 

*

N.M.

*

Other

 5,523 

 1,078 

 4,445 

*

N.M.

*

Fees and other revenue

 188,501 

 228,615 

 (40,114) 

*

 (17.5) 

*

Gains (losses) on securities, net

 89,727 

 (227) 

 89,954 

*

N.M.

*

Total non-interest income

 278,228 

 228,388 

 49,840 

*

 21.8 

*

Non-interest expense:

Compensation and employee benefits

 193,754 

 178,439 

 15,315 

*

 8.6 

*

Occupancy and equipment

 64,977 

 62,942 

 2,035 

*

 3.2 

*

FDIC insurance

 14,855 

 14,737 

 118 

*

 0.8 

*

Advertising and marketing

 8,021 

 6,639 

 1,382 

*

 20.8 

*

Deposit account premiums

 7,661 

 9,364 

 (1,703) 

*

 (18.2) 

*

Other

 74,252 

 71,633 

 2,619 

*

 3.7 

*

Subtotal

 363,520 

 343,754 

 19,766 

*

 5.8 

*

Loss on termination of debt

 550,735 

 - 

 550,735 

*

N.M.

*

Foreclosed real estate and repossessed assets, net

 23,106 

 25,485 

 (2,379) 

*

 (9.3) 

*

Operating lease depreciation

 13,148 

 15,787 

 (2,639) 

*

 (16.7) 

*

Other credit costs, net

 1,188 

 3,044 

 (1,856) 

*

 (61.0) 

*

Total non-interest expense

 951,697 

 388,070 

 563,627 

*

 145.2 

*

(Loss) income before income tax expense

 (397,720) 

 101,229 

 (498,949) 

*

N.M.

*

Income tax (benefit) expense

 (149,702) 

 37,858 

 (187,560) 

*

N.M.

*

(Loss) income after income tax expense

 (248,018) 

 63,371 

 (311,389) 

*

N.M.

*

Income attributable to non-controlling interest

 3,345 

 2,675 

 670 

*

 25.0 

*

Net (loss) income available to common stockholders

$

 (251,363) 

$

 60,696 

$

 (312,059) 

*

N.M.

*

Other comprehensive (loss) income:

Reclassification adjustment for securities gains

included in net income

 (76,967) 

 - 

 (76,967) 

N.M.

Unrealized holding gains arising during the

period on securities available for sale

 12,100 

 10,014 

 2,086 

 20.8 

Foreign currency hedge

 (136) 

 (600) 

 464 

 (77.3) 

Foreign currency translation adjustment

 61 

 534 

 (473) 

 (88.6) 

Recognized postretirement actuarial service cost

and transition obligation

 (14) 

 2 

 (16) 

N.M.

Income tax benefit (expense)

 23,833 

 (3,458) 

 27,291 

N.M.

Total other comprehensive (loss) income

 (41,123) 

 6,492 

 (47,615) 

N.M.

Comprehensive (loss) income

$

 (292,486) 

$

 67,188 

$

 (359,674) 

N.M.

Net income per common share:

Basic

$

 (1.58) 

$

 .40 

$

 (1.98) 

N.M.

Diluted

 (1.58) 

 .40 

 (1.98) 

N.M.

Dividends declared per common share

$

 .10 

$

 .10 

$

 - 

 - 

Average common and common equivalent

shares outstanding (in thousands):

Basic

 158,810 

 150,765 

 8,045 

 5.3 

Diluted

 158,810 

 151,136 

 7,674 

*

 5.1 

*

Updated to correct number originally reported in earnings release dated July 19, 2012.

N.M.

Not meaningful.