TCFC Community Financial

The Community Financial Corp. (Maryland) is a bank holding company, which engages in the provision of financial services to individuals and businesses. It offers loans and investments. Through its subsidiary, it provides demand, savings and time deposits and commercial and residential mortgage, construction and land development, home equity and second mortgages, and commercial equipment loans. The company was founded in 1989 and is headquartered in Waldorf, MD.
Company profile
Ticker
TCFC
Exchange
Website
CEO
William Pasenelli
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
TRI COUNTY FINANCIAL CORP /MD/
SEC CIK
Corporate docs
IRS number
521652138
TCFC stock data
()
Press releases
James Burke Named President of the Community Financial Corporation, Community Bank of the Chesapeake Holding Company
3 Mar 21
The Community Financial Corporation Announces Quarterly Cash Dividend
25 Feb 21
The Community Financial Corporation Announces Record Results of 1.18% Return on Average Assets for Fourth Quarter 2020
5 Feb 21
i2c Announces String of Credit Card Processing Partnerships
27 Jan 21
Investment data
Securities sold
Number of investors
Calendar
4 Mar 21
13 Apr 21
31 Dec 21
Financial summary
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 77.07M | 77.07M | 77.07M | 77.07M | 77.07M | 77.07M |
Cash burn (monthly) | 36.88M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 127.01M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -49.95M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -1.4 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Feb 21 | Mohammad Arshed Javaid | Common Stock | Buy | Aquire P | Yes | No | 30.1 | 285 | 8.58K | 5,000 |
24 Feb 21 | Mohammad Arshed Javaid | Common Stock | Buy | Aquire P | Yes | No | 30.1467 | 2,840 | 85.62K | 4,715 |
23 Feb 21 | Mohammad Arshed Javaid | Common Stock | Buy | Aquire P | Yes | No | 29.9179 | 1,875 | 56.1K | 1,875 |
4 Feb 21 | Lacey Amanda Pierce | Common Stock | Grant | Aquire A | Yes | No | 0 | 477 | 0 | 477 |
4 Feb 21 | Brian Scot Ebron | Common Stock | Grant | Aquire A | Yes | No | 0 | 550 | 0 | 550 |
4 Feb 21 | Chappelle John Anthony | Common Stock | Grant | Aquire A | Yes | No | 0 | 366 | 0 | 366 |
4 Feb 21 | James M Burke | Common Stock | Grant | Aquire A | Yes | No | 0 | 1,223 | 0 | 1,223 |
7 Jan 21 | Mohammad Arshed Javaid | Common Stock | Aquire L | No | No | 27.3976 | 210 | 5.75K | 4,215 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
13F holders |
Current |
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Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
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Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
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Financial report summary
?Risks
- We have granted payment deferrals to borrowers that have experienced financial hardship due to COVID-19, and if those borrowers are unable to resume making payments we will experience an increase in non-accrual loans, which could adversely affect our earnings and financial condition.
- Customary means to collect non-performing assets may be prohibited or impractical during the COVID-19 pandemic, and there is a risk that collateral securing a non-performing asset may deteriorate if we choose not to, or are unable to, foreclose on collateral on a timely basis.
- We may experience losses, additional expense and reputational harm arising out of our origination of PPP loans.
- Our increased emphasis on commercial lending may expose us to increased credit risks.
- Imposition of limits by the bank regulators on commercial real estate lending activities could curtail the Company’s growth and adversely affect its earnings.
- We may be required to make further increases in our provision for loan losses and to charge-off additional loans in the future. Further, our allowance for loan losses may prove to be insufficient to absorb losses in our loan portfolio.
- We may experience increased levels of non-performing loans, charge-offs and delinquencies, which would require additional increases in our provision for loan losses.
- Non-performing and classified assets could take significant time to resolve and adversely affect our results of operations and financial condition and could result in further losses in the future.
- Our residential mortgage loans and home equity loans expose us to a risk of loss due to declining real estate values.
- Our asset valuation methodologies, estimations and assumptions may be subject to differing interpretations and could result in changes to asset valuations that materially adversely affect our results of operations or financial condition.
- We may be adversely affected by economic conditions in our market area, which is significantly dependent on federal government and military employment and programs.
- Our deposit concentrations may subject us to additional liquidity and pricing risk.
- The Company is a bank holding company and its sources of funds necessary to meet its obligations are limited.
- Security breaches and other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.
- Failure to maintain effective internal control over financial reporting could have a material adverse effect on our business and stock price.
- Our internal control systems are inherently limited.
- We rely on other companies to provide key components of our business infrastructure.
- We depend on information technology and telecommunications systems and third-party servicers, and systems failures, interruptions or breaches of security could have a material adverse effect on us.
- The high volume of transactions processed by the Company exposes the Company to significant operational risks.
- If our information technology is unable to keep pace with industry developments, our business and results of operations may be adversely affected.
- Our enterprise risk management framework may not be effective in mitigating the risks to which we are subject, based upon the size, scope, and complexity of the Company.
- Changes in interest rates could reduce our net interest income and earnings.
- Changes in accounting standards or interpretation of new or existing standards may affect how the Company reports its financial condition and results of operations.
- The implementation of the Current Expected Credit Loss accounting standard could require us to increase our allowance for loan losses and may have a material adverse effect on financial condition and results of operations.
- We may be adversely affected by changes in U.S. tax laws and regulations.
- Impairment in the carrying value of goodwill and other intangible assets could negatively impact the Company’s financial condition and results of operations.
- The Company’s accounting estimates, and risk management processes rely on analytical and forecasting models.
- We operate in a highly regulated environment and we may be adversely affected by changes in laws and regulations.
- We are subject to periodic examination and scrutiny by a number of banking agencies and, depending upon the findings and determinations of these agencies, we may be required to make adjustments to our business that could adversely affect us.
- The Company’s ability to pay dividends is limited by law.
- Monetary policies and regulations of the Federal Reserve could adversely affect our business, financial condition and results of operations.
- We face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
- The Company is subject to numerous laws designed to protect consumers, including the Community Reinvestment Act (“CRA”) and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
- The market price and liquidity of our common stock could be adversely affected if the economy were to weaken or the capital markets were to experience volatility.
- We may issue additional common stock or other securities in the future which could dilute the ownership interest of existing shareholders or impact shareholder returns.
- Our financial condition and results of operations could be negatively affected if we fail to timely and effectively execute or manage our strategic plan, particularly if we grow through acquisitions of other financial institutions. Combining acquired businesses may be more difficult, costly or time consuming than expected and the anticipated benefits and cost savings of acquisitions may not be realized.
- Provisions of our articles of incorporation, bylaws and Maryland law, as well as state and federal banking regulations, could delay or prevent a takeover of us by a third party.
- Strong competition within our market area could hurt our profits and slow growth.
- We are a community bank and our ability to maintain our reputation is critical to the success of our business and the failure to do so may materially adversely affect our performance.
- Changes in U.S. or regional economic conditions could have an adverse effect on the Company’s business, financial condition and results of operations.
- Societal responses to climate change could adversely affect the Company’s business and performance, including indirectly through impacts on the Company’s customers.
Content analysis
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New words:
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Removed:
accretive, administering, ALCO, alleged, Alliance, apparent, August, award, bid, built, cancelled, clarify, Clarifying, clerical, closed, commencement, Commonwealth, comparative, compounded, continuity, controlled, cycle, dated, deciding, deduction, defect, depreciable, diminished, disabled, discovered, disease, dispose, disruptive, documentation, domestic, downturn, earliest, economically, electrical, enactment, entertainment, equally, erroneously, evolve, excessive, exemption, exercisable, expend, expressed, faced, facilitative, fault, filing, Finally, flat, footnote, grandfathered, grandfathering, grew, grown, half, harbor, hedge, imprisonment, includable, interception, intervention, inventory, IRA, iv, largely, legacy, lessee, lessor, limiting, manipulation, marketable, misappropriated, mishandled, mishandling, misuse, misused, moderate, nonqualified, Nonrefundable, occupied, opening, oversee, partial, pattern, persist, pose, prevention, profitably, promised, provisional, provisioning, reached, rectified, remuneration, revaluation, robust, run, SAB, satisfy, securitization, SEP, sloping, solid, sponsor, stabilize, stating, stopped, stranded, supermajority, supportable, surviving, tampering, tepid, thereon, trend, turn, unchanged, uncollectable, unqualified, vi, vii, viii, wholly, worsen, yielding
Financial reports
10-K
2020 FY
Annual report
4 Mar 21
10-Q
2020 Q3
Quarterly report
3 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
4 Mar 20
10-Q
2019 Q3
Quarterly report
5 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
7 Mar 19
10-Q
2018 Q3
Quarterly report
9 Nov 18
Current reports
8-K
Regulation FD Disclosure
17 Mar 21
8-K
James Burke Named President of the Community Financial Corporation, Community Bank of the Chesapeake Holding Company
3 Mar 21
8-K
The Community Financial Corporation Announces Record Results of 1.18% Return on Average Assets for Fourth Quarter 2020
5 Feb 21
8-K
The Community Financial Corporation Announces Quarterly Cash Dividend
30 Dec 20
8-K
The Community Financial Corporation Announces Appointments to Its Board of Directors
23 Dec 20
8-K
Regulation FD Disclosure
9 Nov 20
8-K
The Community Financial Corporation Announces Third Quarter 2020 Results
2 Nov 20
8-K
The Community Financial Corporation Announces Expansion To Stock Purchase Program
20 Oct 20
8-K
The Community Financial Corporation Announces Completion of $20 Million Subordinated Notes Offering
14 Oct 20
8-K
Amendments to Articles of Incorporation or Bylaws
20 Aug 20
Registration and prospectus
424B3
Prospectus supplement
28 Jan 21
S-4
Registration of securities issued in business combination transactions
11 Dec 20
D
$20M in debt, sold $20M, 15 investors
28 Oct 20
D
$15M in equity, sold $10.76M, 59 investors
13 Jan 20
S-3
Shelf registration
28 Feb 18
425
Business combination disclosure
8 Nov 17
424B3
Prospectus supplement
5 Oct 17
S-4/A
Registration of securities issued in business combination transactions (amended)
1 Oct 17
S-4
Registration of securities issued in business combination transactions
13 Sep 17
425
Business combination disclosure
31 Jul 17
Proxies
DEFA14A
Additional proxy soliciting materials
13 Apr 21
DEF 14A
Definitive proxy
13 Apr 21
DEFA14A
Additional proxy soliciting materials
6 Apr 20
DEF 14A
Definitive proxy
6 Apr 20
DEFA14A
Additional proxy soliciting materials
29 Apr 19
DEFA14A
Additional proxy soliciting materials
2 Apr 19
DEF 14A
Definitive proxy
2 Apr 19
DEFA14A
Additional proxy soliciting materials
22 Apr 18
DEF 14A
Definitive proxy
28 Mar 18
DEFA14A
Additional proxy soliciting materials
28 Mar 18
Other
EFFECT
Notice of effectiveness
28 Jan 21
CORRESP
Correspondence with SEC
24 Jan 21
UPLOAD
Letter from SEC
14 Dec 20
EFFECT
Notice of effectiveness
8 Mar 18
CORRESP
Correspondence with SEC
6 Mar 18
UPLOAD
Letter from SEC
6 Mar 18
EFFECT
Notice of effectiveness
3 Oct 17
CORRESP
Correspondence with SEC
1 Oct 17
UPLOAD
Letter from SEC
20 Sep 17
EFFECT
Notice of effectiveness
4 Nov 14
Ownership
4
COMMUNITY FINANCIAL / Mohammad Arshed Javaid ownership change
25 Feb 21
4
COMMUNITY FINANCIAL / WILLIAM J PASENELLI ownership change
8 Feb 21
4
COMMUNITY FINANCIAL / Tala Tay ownership change
8 Feb 21
4
COMMUNITY FINANCIAL / Patrick Douglas Pierce ownership change
8 Feb 21
4
COMMUNITY FINANCIAL / Lacey Amanda Pierce ownership change
8 Feb 21
4
COMMUNITY FINANCIAL / Christy Lombardi ownership change
8 Feb 21
4
COMMUNITY FINANCIAL / Todd L Capitani ownership change
8 Feb 21
4
COMMUNITY FINANCIAL / Brian Scot Ebron ownership change
8 Feb 21
4
COMMUNITY FINANCIAL / John Anthony Chappelle ownership change
8 Feb 21
4
COMMUNITY FINANCIAL / James M Burke ownership change
8 Feb 21
Reddit threads
Daily Discussion Thread - April 9th, 2021
9 Apr 21
Daily Discussion Thread - April 8th, 2021
8 Apr 21
Daily Discussion Thread - April 7th, 2021
7 Apr 21
Daily Discussion Thread - April 6th, 2021
6 Apr 21
Daily Discussion Thread - February 4th, 2021
4 Feb 21
Daily Discussion Thread - January 8th, 2021
8 Jan 21
Daily Discussion Thread - January 7th, 2021
7 Jan 21
Daily Discussion Thread - January 6th, 2021
6 Jan 21
Daily Discussion Thread - January 5th, 2021
5 Jan 21
Daily Discussion Thread - November 3rd, 2020
3 Nov 20