Non-Performing Assets Non-performing assets consisting of non-accrual loans and leases and other real estate owned totaled $70.2 million at December 31, 2002, or .87%, of net loans and leases, up $3.6 million from $66.6 million, or .82%, at December 31, 2001. The increase in total non-performing assets reflects increases of $4.8 million and $2.4 million in non-performing leasing and equipment finance and commercial business assets, respectively, partially offset by decreases of $2.9 million and $862,000, respectively, in  consumer and commercial real estate non-performing assets. Approx- imately 49% of non-performing assets at December 31, 2002 con- sisted of, or were secured by, residential real estate. Non-accrual loans and leases in the truck and trailer marketing segment of the leasing and equipment finance portfolio totaled $7.5 million at December 31, 2002, compared with $6.9 million at December 31, 2001. The Non-performing assets are summarized in the following table: accrual of interest income is generally discontinued when loans and leases become 90 days or more past due with respect to either prin- cipal or interest (150 days for loans secured by residential real estate) unless such loans and leases are adequately secured and in the pro- cess of collection. Included in non-performing assets are loans that are considered impaired. The recorded investment in impaired loans was $12.1 million and $18.8 million at December 31, 2002 and December 31, 2001, respectively. The related allowance for credit losses was $5.5 million at December 31, 2002, compared with $5 million at December 31, 2001. All of the impaired loans were on non-accrual status. Management monitors the performance and classification of such loans and leases and the financial condition of these borrowers.  page 37 Past Due Loans and Leases The following table sets forth information regarding TCF’s delinquent loan and lease portfolio, excluding loans held for sale and non-accrual loans and leases. TCF’s delinquency rates are determined using the contractual method. At December 31, (Dollars in thousands) 2002 2001 2000 1999 1998 Non-accrual loans and leases: Consumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,163 $16,473 $13,027 $12,178 $17,745 Commercial real estate . . . . . . . . . . . . . . . . . . . . 3,213 11,135 5,820 1,576 4,352 Commercial business . . . . . . . . . . . . . . . . . . . . . 4,777 3,550 236 2,960 2,797 Leasing and equipment finance, net . . . . . . . . . . . 17,127 11,723 7,376 1,310 290 Residential real estate . . . . . . . . . . . . . . . . . . . . . 5,798 6,959 4,829 5,431 8,078 Total non-accrual loans and leases, net . . . . . . 42,078 49,840 31,288 23,455 33,262 Non-recourse discounted lease rentals . . . . . . . . . . . 1,562 2,134 3,910 619 435 Total non-accrual loans and leases, gross . . . . 43,640 51,974 35,198 24,074 33,697 Other real estate owned: Residential real estate . . . . . . . . . . . . . . . . . . . . . 16,479 12,830 10,422 9,454 11,823 Commercial real estate . . . . . . . . . . . . . . . . . . . . 10,093 1,825 447 1,458 1,779 Total other real estate owned . . . . . . . . . . . . . 26,572 14,655 10,869 10,912 13,602 Total non-performing assets, gross . . . . . . . . . $70,212 $66,629 $46,067 $34,986 $47,299 Total non-performing assets, net . . . . . . . . . . $68,650 $64,495 $42,157 $34,367 $46,864 Gross non-performing assets as a percentage  of net loans and leases . . . . . . . . . . . . . . . . . . . . .87% .82% .54% .45% .67% Gross non-performing assets as a percentage of total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . .58 .59 .41 .33 .47 At December 31, 2002 2001 Percentage of Percentage of Principal Loans and Principal Loans and (Dollars in thousands) Balances Leases Balances Leases Accruing loans and leases delinquent for: 30-59 days . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $24,683 .31% $25,998 .32% 60-89 days . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,557 .20 15,646 .19 90 days or more . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,084 .06 5,129 .06 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $46,324 .57% $46,773 .57%