TCB » Topics » Leasing and Equipment Finance

This excerpt taken from the TCB 8-K filed Oct 23, 2009.
Leasing and Equipment Finance

 

At September 30, 2009

 

·      15th largest bank affiliated leasing company in the U.S.

 

·      32nd largest equipment finance/leasing company in the U.S.

 

·                  At the end of September 2009, TCF acquired Fidelity National Capital, Inc., with $200.1 million in direct financing leases and $57.9 million in operating leases.

 

·      Diverse equipment types

·                  21% specialty vehicles

·                  19% manufacturing

·                  18% construction

·                  14% medical

·                  7% furniture and fixtures

·                  4% technology and data processing

 

·      Yield 6.88%

 

·      Uninstalled backlog of $329.4 million; up $1.4 million from year-end 2008

 

·      Over-60-day delinquency rate .53%1

 

·      Net charge-offs: 2009 = .95%2, 2008 = .50%, 2007 = .20%

 

1                   Excludes non-accrual loans and leases and $11.6 million of delinquencies in acquired portfolios as delinquency and non-accrual migration in these portfolios is not expected to result in financial statement losses exceeding the credit reserves netted against the loan balances

2                   Annualized

 

This excerpt taken from the TCB 8-K filed Jul 23, 2009.
Leasing and Equipment Finance

 

At June 30, 2009

 

·      17th largest bank-affiliated equipment finance/leasing company in the U.S.

 

·      32nd largest equipment finance/leasing company in the U.S.

 

·      Diverse equipment types

·      18% manufacturing

·      18% specialty vehicles

·      16% construction

·      16% medical

·      10% technology and data processing

 

·      Yield 6.94%

 

·      Uninstalled backlog of $283.4 million; down $44.6 million from year-end 2008

 

·      Over-60-day delinquency rate .65%1

 

·      Net charge-offs: 2009 = .75%2, 2008 = .50%, 2007 = .20%

 

1                   Excludes non-accrual loans and leases and includes $10.3 million (or 24 bps)  in loans and leases purchased in 2009

2                   Annualized

 


 

This excerpt taken from the TCB 8-K filed Apr 23, 2009.
Leasing and Equipment Finance

 

At March 31, 2009

 

·                            17th largest bank-affiliated equipment finance/leasing company in the U.S.

 

·                            34th largest equipment finance/leasing company in the U.S.

 

·                            Diverse equipment types

·                       19% manufacturing

·                       18% specialty vehicles

·                       17% construction

·                       15% medical

·                       10% technology and data processing

 

·                            Yield 7.00%

 

·                            Uninstalled backlog of $332.5 million; up $17.3 million from year-end 2008

 

·                            Over-30-day delinquency rate 1.85%1

 

·                            Net charge-offs: 2009 = .71%2, 2008 = .50%,

 

·                            Acquired a $277.4 million portfolio in first quarter of 2009

 

1    Excludes non-accrual loans and leases and includes $11.7 million (or 28 bps) in loans and leases purchased in first quarter 2009

2    Annualized

 

These excerpts taken from the TCB 10-K filed Feb 18, 2009.
Leasing and Equipment Finance TCF provides a broad range of comprehensive lease and equipment finance products addressing the financing needs of diverse types of small to large companies. TCF’s leasing and equipment finance businesses, TCF Equipment Finance, Inc. (“TCF Equipment Finance”) and Winthrop Resources Corporation (“Winthrop Resources”), finance equipment in all 50 states and, to a limited extent, in foreign countries. TCF Equipment Finance delivers equipment finance solutions to small and mid-size companies in various industries with significant diversity in the types of underlying equipment. Winthrop Resources focuses on providing customized lease financing to meet the special needs of mid-size and large companies and health care facilities that procure high-tech equipment such as computers, servers, telecommunication and other technology equipment.

 

Leasing and Equipment Finance See “Item 1. Business-Lending Activities” for information on TCF’s leasing and equipment finance business.

 

This excerpt taken from the TCB 8-K filed Jan 22, 2009.
Leasing and Equipment Finance

 

At December 31, 2008

 

·                  17th largest bank-affiliated equipment finance/leasing company in the U.S.

 

·                  34th largest equipment finance/leasing company in the U.S.

 

·                  Diverse equipment types

·           20% specialty vehicles

·           18% construction

·           16% manufacturing

·           14% medical

·           10% technology and data processing

 

·                  Yield 7.32%

 

·                  Uninstalled backlog of $328 million; up $36 million from year-end 2007

 

·                  Over-30-day delinquency rate 1.17% 1

 

·                  Net charge-offs: 2008 = .50%, 2007 = .20%,

 

1     Excludes non-accrual loans and leases

 

This excerpt taken from the TCB 8-K filed Oct 23, 2008.

16.)         Leasing and Equipment Finance

 

At September 30, 2008

 

·                                          17th largest bank-affiliated equipment finance/leasing company in the U.S.

 

·                                          34th largest equipment finance/leasing company in the U.S.

 

·                                          Diverse equipment types

·                                          20% specialty vehicles

·                                          18% construction

·                                          17% manufacturing

·                                          14% medical

·                                          11% technology and data processing

 

·                                          Yield 7.38%

 

·                                          Uninstalled backlog of $345.5 million; up $53 million from year-end 2007

 

·                                          Over-30-day delinquency rate 1.08% 1

 

·                                          Net charge-offs: 2008 = .46% 2, 2007 = .20%,

 

1                   Excludes non-accrual loans and leases

2                   Annualized

 


 

These excerpts taken from the TCB 10-K filed Feb 15, 2008.
Leasing and Equipment Finance See “Item 1. Business-Lending Activities” for information on TCF’s leasing and equipment finance businesses.

 

Leasing
and Equipment Finance
See “Item 1. Business-Lending Activities” for
information on TCF’s leasing and equipment finance businesses.



 



This excerpt taken from the TCB 8-K filed Jan 25, 2008.
Leasing and Equipment Finance

 

At December 31, 2007

 

 

 

·

18th largest bank-owned equipment finance/leasing company in the U.S.

 

 

 

 

 

 

·

37th largest equipment finance/leasing company in the U.S.

 

 

 

 

 

 

·

Diverse equipment types

 

 

 

·

20% specialty vehicles

 

 

 

·

18% construction

 

 

 

·

17% manufacturing

 

 

 

·

13% medical

 

 

 

·

11% technology and data processing

 

 

 

 

 

 

·

Yield 7.70%

 

 

 

 

 

 

·

Uninstalled backlog of $292.5 million; up $42.8 million from year-end 2006

 

 

 

 

 

 

·

Over-30-day delinquency rate .75% 1

 

 

 

 

 

 

·

Net charge-offs: 2007 = .20%, 2006 = .29%,

 

1   Excludes non-accrual loans and leases

 

This excerpt taken from the TCB 8-K filed Oct 24, 2007.

14.)         Leasing and Equipment Finance

 

At September 30, 2007

 

                                          18th largest bank-owned equipment finance/leasing company in the U.S.

 

                                          37th largest equipment finance/leasing company in the U.S.

 

                                          Diverse equipment types

                                          20% specialty vehicle

                                          18% construction

                                          16% manufacturing

                                          13% medical

                                          4% technology and data processing

 

                                          Yield 7.66%

 

                                          Uninstalled backlog of $292.8 million; up $42.1 million from year-end 2006

 

                                          Over-30-day delinquency rate .80% 1

 

                                          Net charge-offs: 2007 = .12%2, 2006 = .29%

 

1    Excludes non-accrual loans and leases

2    Annualized

 

 

 



 

This excerpt taken from the TCB 10-K filed Feb 27, 2007.
Leasing and Equipment Finance See “Item 1. Business-Lending Activities” for information on TCF’s leasing and equipment finance businesses.

 

This excerpt taken from the TCB 8-K filed Jan 25, 2007.
Leasing and Equipment Finance

 

At December 31, 2006

 

                                          18th largest bank-owned equipment finance/leasing company in the U.S.1

 

                                          37th largest equipment finance/leasing company in the U.S.2

 

                                          Equipment type

                                          19% specialty vehicle

                                          18% manufacturing

                                          17% construction

                                          14% medical

                                          13% technology and data processing

 

                                          Yield 7.57%

 

                                          Originations: 2006 = $1.1 billion, 2005= $845.8 million

 

                                          Uninstalled backlog of $249.7 million; up $0.4 million from year-end 2005

 

                                          Over-30-day delinquency rate .47%3

 

                                          Net charge-offs: 2006 = .29%, 2005 = 1.50%4, 2004 = .43%

 

1    Source: Equipment Leasing Association; 7/06

2    Source: Equipment Leasing Association; 6/06

3    Excludes non-accrual loans and leases

4    Net charge-offs excluding leveraged lease were .18%

 



 

This excerpt taken from the TCB 8-K filed Aug 17, 2006.

66)  Leasing and Equipment Finance

($ millions)

 

 

 

2002

 

2003

 

2004

 

2005

 

6/06

 

Charge-offs

 

.80

%

.69

%

.43

%

1.50

%

.32

%1

NPA’s

 

$

18.7

 

$

13.9

 

$

25.7

 

$

6.4

 

$

4.9

 

$ delinquencies2

 

$

10.2

 

$

10.6

 

$

9.0

 

$

6.2

 

$

7.1

 

% delinquencies2

 

1.00

%

.93

%

.67

%

.41

%

.42

%

 

¹    Annualized

²    Over 30 days; excludes non-accrual loans and leases

NPA’s = Non-Performing Assets

 

This excerpt taken from the TCB 8-K filed Apr 24, 2006.

12.)   Leasing and Equipment Finance

 

                        At March 31, 2006

 

                                          38th largest equipment finance/leasing company in the U.S.1

 

                                          18th largest bank-owned equipment finance/leasing company in the U.S.2

 

                                          Equipment type

                                          35% manufacturing and construction

                                          17% specialty vehicle

                                          14% technology and data processing

                                          13% medical

                                          21% other

 

                                          Yield 7.18%

 

                                          Originations of $250.6 million

 

                                          Uninstalled backlog of $294.1 million; up $45 million from year-end 2005

 

                                          Over-30-day delinquency rate .39%3

 

                                          Net charge-offs: 2006 = .22%4, 2005 = .18%5, 2004 = .43%

 

1   Source: Equipment Leasing Association; 6/05

2   Source: Equipment Leasing Association; 7/05

3   Excludes non-accrual loans and leases

4   Annualized

5   Excludes leveraged lease charge-off of $18.8 million

 



 

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