TCF National Bank (merged into The Huntington National Bank)
TCF National Bank reported total assets of $49.4 bn at Q1 2021, its last Call Report before it merged into The Huntington National Bank. The CET1 capital ratio at TCF National Bank was 11.06%, and the uninsured share of TCF National Bank was 26.79%. Source: FDIC Call Reports.
Key takeaways
- Since , TCF National Bank has taken over one institution; the latest was Chemical Bank on (FDIC Call Reports).
What sets TCF National Bank apart
How large is TCF National Bank?
The balance sheet of TCF National Bank at : assets $49.4 bn, deposits $40.0 bn, net loans $35.8 bn (loans equal to 89.61% of deposits). Securities make up 17.4% of total assets at TCF National Bank. Since , when TCF National Bank held $21.3 bn, its assets grew 131.7%. In the year to , deposits at TCF National Bank rose 10.9% while its total assets rose 1.8%. At , TCF National Bank employed 6,859 full-time equivalent staff across 519 offices, about $7.2 mn of assets per employee and $77.0 mn of deposits per office.
How much funding at TCF National Bank is uninsured?
At TCF National Bank, uninsured deposits (above the FDIC limit) made up 26.79% of domestic deposits at (+3.22 pp on a year earlier). In dollars, TCF National Bank estimated $10.7 bn of uninsured deposits.
Key facts, Q1 2021
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $40.0 bn | $36.0 bn (Q1 2020) | |
| Net loans and leases | $35.8 bn | $35.8 bn (Q1 2020) | |
| Loan-to-deposit ratio | 89.61% | 99.34% (Q1 2020) | |
| Tier 1 leverage ratio | 8.73% | 8.93% (Q1 2020) | |
| Total risk-based capital ratio | 12.96% | 11.86% (Q1 2020) | |
| Net interest margin | 3.46% | 3.75% (Q1 2020) | |
| Return on assets (ROA) | 1.04% | 0.48% (Q1 2020) | |
| Efficiency ratio | 66.32% | 68.16% (Q1 2020) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $2.6 mn | Fell by $7.7 mn | |
| Unrealized gain/loss on available-for-sale securities | Gain of $6.8 mn | Fell by $225.2 mn | |
| Noncurrent loans to total loans | 1.89% | 0.71% (Q1 2020) | |
| Net charge-offs to average loans | 0.51% | 0.06% (Q1 2020) |
US rank of TCF National Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
TCF National Bank: assets, deposits and loans
- Total assets $49.4bn
- Deposits $40.0bn
- Net loans $35.8bn
Capital and securities
The CET1 ratio of TCF National Bank stood at 11.06% in , +0.58 pp year on year. Low and high at TCF National Bank since : 10.48% () to 11.59% (). Equity capital of TCF National Bank at : $5.4 bn, or 10.9% of total assets. TCF National Bank also reported a total capital ratio of 12.96% for , and a tier 1 leverage ratio of 8.73%.
On held-to-maturity securities, TCF National Bank carried an unrealized gain of $2.6 mn at , equal to 0.0% of equity capital. The gain fell by $7.7 mn over the year. Its deepest point: $2.2 mn in . The available-for-sale portfolio of TCF National Bank showed an unrealized gain of $6.8 mn at ; the gain fell by $225.2 mn over the year.
TCF National Bank: capital ratios
- Total capital 13%
- CET1 11%
- Tier 1 leverage 8.7%
TCF National Bank: unrealized securities gains and losses
- Available for sale $7mn
- Held to maturity $3mn
Profitability and loan quality
For the year to , TCF National Bank earned a return on equity of 9.25%; return on assets: 1.04%. Net interest margin at TCF National Bank: 3.46%, -0.28 pp in a year. TCF National Bank net income: $125.7 mn, up 121.7% year on year. The efficiency ratio of TCF National Bank was 66.32%: about 66 cents cost per revenue dollar, against 61 cents at the median peer.
At , noncurrent loans were 1.89% of total loans at TCF National Bank; net charge-offs: 0.51% of average loans. Gross loans and leases at TCF National Bank: $36.3 bn at , against $36.2 bn at .
TCF National Bank: profitability
- Return on equity 9.2%
- Net interest margin 3.5%
- Return on assets 1.0%
Peer group of TCF National Bank
The peer group of TCF National Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of TCF National Bank (national bank) and 0 have head offices in South Dakota. Against them, TCF National Bank shows CET1 ratio 11.06% against a peer median of 12.66%, return on equity 9.25% against a peer median of 11.87% and uninsured deposit share 26.79% against a peer median of 51.28%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Synovus Bank | State member bank | GA | $55.1 bn | 11.06% | 14.83% | 49.70% | |
| First-Citizens Bank & Trust Company | State nonmember bank | NC | $53.8 bn | 13.24% | 11.99% | 42.73% | |
| CIT Bank | National bank | CA | $50.7 bn | 12.07% | 22.10% | 17.19% | |
| TCF National Bank | National bank | SD | $49.4 bn | 11.06% | 9.25% | 26.79% | |
| BOKF | National bank | OK | $47.2 bn | 11.99% | 11.75% | 57.50% | |
| Frost Bank | State member bank | TX | $44.1 bn | 13.25% | 11.41% | 52.87% | |
| CIBC Bank USA | State member bank | IL | $43.9 bn | 13.46% | 6.79% | 75.13% | |
. FDIC Call Reports.
Last eight quarters
Two years at TCF National Bank, to : assets $24.6 bn to $49.4 bn, deposits $19.3 bn to $40.0 bn, equity $2.5 bn to $5.4 bn. Staff 4,996 to 6,859; offices 345 to 519.
| Metric | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $24.6 bn | $45.7 bn | $46.6 bn | $48.6 bn | $50.0 bn | $47.5 bn | $47.8 bn | $49.4 bn |
| Total deposits | $19.3 bn | $35.5 bn | $34.7 bn | $36.0 bn | $39.4 bn | $39.4 bn | $39.1 bn | $40.0 bn |
| Bank equity capital | $2.5 bn | $5.5 bn | $5.5 bn | $5.5 bn | $5.4 bn | $5.4 bn | $5.5 bn | $5.4 bn |
| CET1 ratio | 11.00% | 10.85% | 10.97% | 10.48% | 10.99% | 11.39% | 11.45% | 11.06% |
| Return on equity (ROE) | 13.73% | 9.90% | 9.73% | 4.13% | 3.06% | 3.26% | 4.43% | 9.25% |
| Uninsured share of domestic deposits | 8.37% | 25.38% | 24.90% | 23.58% | 24.73% | 27.87% | 26.50% | 26.79% |
| Full-time equivalent employees | 4,996 | 7,883 | 7,778 | 7,322 | 6,855 | 6,986 | 6,881 | 6,859 |
| Number of offices | 345 | 564 | 560 | 543 | 536 | 517 | 519 | 519 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of TCF National Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Chemical Bank (FDIC certificate 1003).
- . Merged into The Huntington National Bank (FDIC certificate 6560).
Large one-quarter moves at TCF National Bank
- Total assets at TCF National Bank changed by +85.4% in the quarter to 2019-09-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Chemical Bank.
Questions and identifiers
What were the total assets of TCF National Bank?
TCF National Bank reported $49.4 bn at in its Call Report.
Is TCF National Bank the same as its holding company?
No. This page covers TCF National Bank, FDIC certificate 28330; TCF FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is TCF National Bank profitable?
TCF National Bank reported net income of $125.7 mn for the year to ; annualized return on equity: 9.25%. So yes: TCF National Bank made a profit over these months.
When is data for TCF National Bank next updated?
TCF National Bank no longer files Call Reports; its data ends at .
Where can I check the figures for TCF National Bank?
In the FDIC BankFind Suite record for certificate 28330, and in the Call Reports of TCF National Bank (RSSD ID 266271) at the FFIEC Central Data Repository.