Let be the space of measurable square-summable functions on the unit disk. Let be the Bergman space, i.e., the (closed) subspace of analytic functions in . stays for the orthogonal projection going from to . For a function , the Toeplitz operator is defined as The main result of this article are spectral asymptotics for singular (or eigen-) values of compact Toeplitz operators with logarithmically decaying symbols, that is where and is a continuous (or piece-wise continuous) function on the unit circle. The result is applied to the spectral analysis of banded (including Jacobi) matrices.

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