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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
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)
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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