TCF Financial reported Q2/14 net income of $53.1 million, up 36.5% from net income of $38.9 million in Q2/13. TCF said net income of $97.9 million for the first six months of 2014, compared with net income of $68.9 million for the same period in 2013.

TCF noted that loan and lease originations of $3.5 billion were up 8.6% from the second quarter of 2013. Second quarter period-end commercial leasing and equipment finance balances of $3.526 billion were up 8.4% from $3.252 billion at the end of the same year-ago quarter.

Provision for credit losses of $9.9 million, down 69.6% from the second quarter of 2013

“TCF’s financial metrics continued to improve in the second quarter,” said William A. Cooper, chairman and chief executive officer. “TCF experienced strong loan and lease originations and deposit growth. Our net interest margin was 4.65 percent, relatively flat with the first quarter of 2014. Fee income was strong and overall credit quality showed continued improvement. TCF’s net income of $53.1 million during the quarter was the highest level since the fourth quarter of 2007.”

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