Tcf bank and consolidating student loans
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Overall, Bankrate believes that, as of December 31, 2017, TCF National Bank exhibited a superior condition, earning a full 5 stars for safety and soundness. Capital acts as a cushion against losses and provides protection for account holders when a bank is struggling financially.
Keep reading for a breakdown of how the bank did on the three important criteria Bankrate used to score U. Therefore, when it comes to measuring an a bank's financial strength, capital is useful.
From a safety and soundness perspective, more capital is preferred.
TCF National Bank received a score of 12 out of a possible 30 points on our test to measure the adequacy of a bank's capital, coming in below the national average of 13.13.
A bank can retain its earnings, expanding its capital cushion, or use them to address problematic loans, potentially making the bank more resilient in times of trouble.
As of December 31, 2017, the bank had equity of .58 billion on assets of .02 billion. With that footprint, the bank holds loans and leases worth .07 billion, including real estate loans of .59 billion.
Bankrate uses this test to determine the impact of troubled assets, such as past-due mortgages, on the bank's loan loss reserves and overall capitalization.
Having extensive holdings of these kinds of assets could eventually require a bank to use capital to cover losses, decreasing its buffer of equity.
One important measure of this buffer is a bank's Tier 1 capital ratio.
TCF National Bank's Tier 1 capital ratio was 11.59 percent, above the 6 percent level regulators consider adequate, but less than the national average of 25.65 percent.