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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. 

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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. 

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