TCF Financial reported net income for the fourth quarter of 2011 of $16.4 million, compared with $33.9 million in the fourth quarter of 2010. Net income for the year ended December 31, 2011 was $109.4 million compared with $150.9 million for 2010.

The bank said its earnings were negatively impacted in the fourth quarter by the full effect of the Durbin Amendment, start-up construction-related to specialty finance and a sluggish economy.

The bank noted that leasing and equipment finance originations of $1.5 billion during 2011 represent an increase of $224.2 million, or 17.8%, compared with 2010.

William A. Cooper, chairman and chief executive officer, said, “Despite non-performing assets declining for a fifth consecutive quarter, credit quality remains a challenge in the current environment and is delaying TCF’s return to more normal levels of provision.”

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