2002 Annual Report _  Investing in the Future few banks that has shown consistent top-line revenue growth, which demonstrates that we are growing our core businesses, not just cutting expenses as many of our competitors are doing. Growing businesses should generate premium price-to-earnings ratios. Growth in top-line revenue results from the increase of Power Assets and Power Liabilities. Net interest income growth is driven by a changed balance sheet. Expanding the number of fee income producing products and services while growing the overall customer base fuels fee income growth. TCF added over 89,000 new checking accounts in 2002, bring- ing our total to over 1.3 million accounts. We have an 81 percent debit card penetration rate, one of the highest in the country, and we are now the 11th largest VISA ® debit card issuer in the United States with 1.4 mil- lion debit cards outstanding.  TCF’s convenience strategy successfully attracts a large number of cus- tomers who represent varied economic levels. Each of these customers contributes incrementally to our profitability. We do not believe in the old 80/20 rule, which suggests that banks earn 80 percent of their prof- its from the wealthiest 20 percent of the customer base. Power Assets and Power Liabilities Despite a challenging year of economic uncertainty, economic slowdown and interest rate reductions, TCF enjoyed substantial growth in our Power Assets, up $809.9 million for the year, a 15 percent increase from year-end 2001. Commercial real estate lend- ing and consumer lending produced at record levels in 2002, while com- mercial lending and leasing and equipment finance also had good years. We increased our checking account balances by over $328 million for the year, an increase of 13 percent. Higher-cost certificates of deposit decreased by $401.5 million during the year as TCF generally declined to pay rates above our institutional borrowing costs in the falling rate environment. Credit Quality Our credit quality remained strong in 2002. Net charge- offs were $20 million in 2002 or .25 percent of average loans and leases. We provided $22 million for credit losses in 2002 and, as a result, we Diluted EPS Growth 02 01 00 99 98 $1.76 $2.00 $2.35 $2.70 $3.15 02 01 00 99 98 $156 $166 $186 $207 $233 (millions of dollars) 2002 Annual Growth Rate of +12%GLYPH<CR> 2002 Annual Growth Rate of +17%GLYPH<CR> Net Income page 3