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Non-Interest Income Non-interest income is a significant source of revenue for TCF, representing 45.6% of total revenues in 2002, and is an important factor in TCF’s results of operations. Providing a wide range of retail banking services is an integral com- ponent of TCF’s business philosophy and a major strategy for gen- erating additional non-interest income. Excluding gains on sales of securities available for sale and branches, non-interest income increased $38 million, or 10.4%, during 2002 to $405.3 million. 

The following table presents the components of non-interest income: 

This increase in 2002 was driven by increased fees, service charges, debit card revenue, ATM revenue and investment and insurance com- missions generated by TCF’s expanding branch network and cus- tomer base. The increase in fees and service charges, debit card revenue and ATM revenue primarily reflect the increase in the num- ber of retail checking accounts, which totaled 1,338,000 accounts at December 31, 2002, up from 1,249,000 accounts at December 31, 2001. The average annual fee revenue per retail checking account was $218 for 2002, compared with $209 for 2001. 

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$^{(1)}$Title insurance business was sold in 1999. 

Fees and service charges increased $30.9 million, or 15.8%, to $226.1 million in 2002 and $28.8 million, or 17.3%, to $195.2 mil- lion in 2001. This increase reflects the impact of the investment in new branch expansion and the increase in the number of retail checking accounts. 

Debit card revenue includes interchange fees on the TCF Express Card which were $46.2 million, $37.6 million and $28.8 million for 2002, 2001 and 2000, respectively. The significant increase in these fees since 2000 reflects an increase in the distribution of TCF Express Cards, and an increase in utilization which is 

