Headquartered in Waldorf, Maryland, Community Bank of the Chesapeake is a full-service commercial bank, with assets over $2.0 billion. Through its 12 banking centers and four dedicated commercial lending centers, Community Bank of the Chesapeake offers a broad range of financial products and services to individuals and businesses. Community Bank of the Chesapeake is a wholly owned subsidiary of The Community Financial Corporation.

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
Subsidiaries
Community Mortgage Corporation ...
IRS number
521652138
TCFC stock data
Press releases
The Community Financial Corporation Reports Record EPS of $1.21 and ROAA of 1.19% for the Second Quarter 2022
25 Jul 22
Community Bank of the Chesapeake Announces Passing of Board of Director, Kimberly Briscoe-Tonic
25 Jul 22
The Community Financial Corporation Announces Quarterly Cash Dividend
25 May 22
Investment data
Securities sold
Number of investors
Calendar
3 Aug 22
20 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 88.14M | 88.14M | 88.14M | 88.14M | 88.14M | 88.14M |
Cash burn (monthly) | 8.34M | 4.23M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 14.06M | 7.13M | n/a | n/a | n/a | n/a |
Cash remaining | 74.08M | 81.01M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 8.9 | 19.1 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Aug 22 | A Joseph Slater JR | Common Stock | Grant | Acquire A | No | No | 36.78 | 169 | 6.22K | 25,652 |
1 Aug 22 | Mohammad Arshed Javaid | Common Stock | Grant | Acquire A | No | No | 36.78 | 127 | 4.67K | 5,059 |
1 Aug 22 | Greogory C Cockerham | Common Stock | Grant | Acquire A | No | No | 36.78 | 37 | 1.36K | 137 |
1 Aug 22 | James M Burke | Common Stock | Grant | Acquire A | No | No | 36.78 | 101 | 3.71K | 19,742 |
3 May 22 | A Joseph Slater JR | Common Stock | Grant | Acquire A | No | No | 37.65 | 166 | 6.25K | 25,483 |
Institutional ownership, Q2 2022
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 |
---|---|
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
- The ongoing COVID-19 pandemic and measures taken to limit its spread could adversely affect our business, financial condition, and results of operations.
- Increased credit risk resultant of the COVID-19 pandemic could adversely impact our profitability.
- Interest rate volatility stemming from COVID-19 could negatively affect our net interest income, lending activities, deposits and profitability.
- 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.
- Any delays in our ability to foreclose on delinquent mortgage loans may negatively impact our business.
- 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.
- Changes in interest rates could reduce our net interest income and earnings.
- Changes to and replacement of the London InterBank Offered Rate ("LIBOR") Benchmark Interest Rate may adversely affect our business, financial condition, and results of operations.
- We are subject to liquidity risks.
- 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 we process exposes us 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.
- The adoption of flexible work from home arrangements poses a number of operational risks that could adversely affect our business, financial condition and results of operations.
- Changes in accounting standards or interpretation of new or existing standards may affect how the Company report 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 our financial condition and results of operations.
- Our 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.
- Our 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.
- We are 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.
- Increasing scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.
Content analysis
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Financial reports
Current reports
8-K
The Community Financial Corporation Reports Record EPS of $1.21 and ROAA of 1.19% for the Second Quarter 2022
25 Jul 22
8-K
Changes in Registrant's Certifying Accountant
6 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
1 Jun 22
8-K
The Community Financial Corporation Reports EPS of $1.10 and Annualized Loan Growth of 12.9% for the First Quarter 2022
28 Apr 22
8-K
The Community Financial Corporation Announces Record Fourth Quarter and Full Year Earnings for 2021
27 Jan 22
8-K
The Community Financial Corporation Announces Authorization To Continue Share Repurchases Under 2020 Stock Purchase Program
10 Dec 21
8-K
The Community Financial Corporation Announces CEO Succession Plan
8 Dec 21
8-K
Regulation FD Disclosure
9 Nov 21
8-K
The Community Financial Corporation Announces Record Earnings Per Share of $1.12 For Third Quarter of 2021
25 Oct 21
8-K
Departure of Directors or Certain Officers
4 Oct 21
Registration and prospectus
424B3
Prospectus supplement
28 Jan 21
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
Proxies
DEFA14A
Additional proxy soliciting materials
14 Apr 22
DEFA14A
Additional proxy soliciting materials
13 Apr 21
DEFA14A
Additional proxy soliciting materials
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
Other
EFFECT
Notice of effectiveness
30 Aug 21
CORRESP
Correspondence with SEC
24 Aug 21
UPLOAD
Letter from SEC
23 Aug 21
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
Ownership
4
COMMUNITY FINANCIAL / A JOSEPH SLATER JR ownership change
3 Aug 22
4
COMMUNITY FINANCIAL / Mohammad Arshed Javaid ownership change
3 Aug 22
4
COMMUNITY FINANCIAL / GREOGORY C COCKERHAM ownership change
3 Aug 22
4
COMMUNITY FINANCIAL / James M Burke ownership change
3 Aug 22
4
COMMUNITY FINANCIAL / A JOSEPH SLATER JR ownership change
5 May 22
4
COMMUNITY FINANCIAL / Mohammad Arshed Javaid ownership change
5 May 22
4
COMMUNITY FINANCIAL / GREOGORY C COCKERHAM ownership change
5 May 22
4
COMMUNITY FINANCIAL / James M Burke ownership change
5 May 22
4
COMMUNITY FINANCIAL / Kimberly Briscoe-Tonic ownership change
7 Mar 22
4
COMMUNITY FINANCIAL / James F DiMisa ownership change
28 Feb 22
Reddit threads
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion Thread - July 11th, 2022
11 Jul 22
Daily Discussion Thread - July 8th, 2022
8 Jul 22
Daily Discussion Thread - April 29th, 2022
29 Apr 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 22nd, 2022
22 Apr 22
Daily Discussion Thread - April 21st, 2022
21 Apr 22
Daily Discussion Thread - April 20th, 2022
20 Apr 22