TCF Financial Corp. reported lower-than-expected earnings, mostly because of higher credit costs in its home equity portfolio, but the Wayzata, Minn., company said it would continue to make such loans as others scale back.

William Cooper, the $16.5 billion-asset TCF's chief executive, said in an interview Wednesday that despite a rise in nonperforming assets in the third quarter, it wants loan growth of between 8% and 10% on an ongoing basis and would specifically focus on making more home equity loans.

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