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Net periodic benefit cost (credit) included in compensation and employee benefits expense consists of the following: 

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The discount rate and rate of increase in future compensation used to measure the benefit obligation and the expected long-term rate of return on plan assets were as follows: 

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N.A. Not applicable. 

The Pension Plan’s assets consist primarily of listed stocks and bonds. At December 31, 2002 and 2001, the Pension Plan’s assets included 28,400 and 246,000 shares of TCF common stock with a market value of $1.2 million and $11.8 million, respectively. 

For active participants of the Postretirement Plan, a 12% annual rate of increase in the per capita cost of covered health care benefits was assumed for 2003. This rate is assumed to decrease gradually to 5% by 2009 and remain at that level thereafter. 

Assumed health care cost trend rates have an effect on the amounts reported for the Postretirement Plan. A one-percentage-point change in assumed health care cost trend rates would have the following effects: 

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Employee Stock Purchase Plan The TCF Employees Stock Purchase Plan generally allows participants to make contributions by salary deduction of up to 50% of their salary on a tax-deferred basis. TCF matches the contributions of all employees at the rate of 50 cents per dollar, with a maximum employer contribution of 3% of the employee’s salary. Employee contributions vest immediately while the Company’s matching contributions are subject to a graduated vesting schedule based on an employee’s years of vesting service over five years. Employee contributions and matching contributions are 

invested in TCF stock. Employees age 50 and over may invest all or a portion of their account balance in various mutual funds. The Company’s matching contributions are expensed when made. At December 31, 2002, the assets in the plan totaled $183.4 million and included $179.3 million invested in TCF common stock. Additionally, as of December 31, 2002, $69.7 million of plan assets were eligible for diversification under plan provisions. TCF’s con- tributions to the plan were $3.6 million, $3 million and $2.7 mil- lion in 2002, 2001 and 2000, respectively. 

