The Community Financial Corporation (TCFC) financial statements (2022 and earlier)

Company profile

Business Address 3035 LEONARDTOWN RD
WALDORF, MD 20601
State of Incorp. MD
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments144823733151111
Cash and cash equivalents140773233151111
Short-term investments555    
Receivables   210171184164
Total current assets:1448237244186195175
Noncurrent Assets
Operating lease, right-of-use asset68 
Property, plant and equipment21202223212220
Long-term investments and receivables   1,136979905577
Accounts and financing receivable, after allowance for credit loss   1,136979905577
Intangible assets, net (including goodwill)12121313   
Goodwill11111111   
Intangible assets, net (excluding goodwill)1222   
Deferred income tax assets98 
Total noncurrent assets:4848351,1731,000927597
Other undisclosed assets2,1341,8961,726273219212371
TOTAL ASSETS:2,3272,0261,7981,6891,4061,3341,143
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  535887936
Total current liabilities:  535887936
Noncurrent Liabilities
Other undisclosed liabilities2,1191,8281,6111,5001,2091,1511,008
Total liabilities:2,1191,8281,6161,5351,2961,2301,044
Stockholders' equity
Stockholders' equity attributable to parent, including:208198181154110104100
Common stock0000000
Additional paid in capital97969584484747
Accumulated other comprehensive income (loss)(2)52(2)(1)(1)(0)
Retained earnings113988573645853
Unearned esop shares      (0)
Other undisclosed stockholders' equity attributable to parent(0)(0)(1)(1)(1)(0) 
Total stockholders' equity:208198181154110104100
TOTAL LIABILITIES AND EQUITY:2,3272,0261,7981,6891,4061,3341,143

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues65666655534844
Net investment income66666660504541
Cost of revenue(1)(11)(2)(1)(1)(2)(1)
Provision for loan, lease, and other losses(1)(11)(2) 
Financial services costs(1)(1)(2)(1)
Gross profit:65556454524643
Operating expenses(11)(10)(9)(28)(24)(24) 
Other operating expense, net
(Other Expenses)
     (1) 
Operating income:54455425282143
Nonoperating income1101101
Gains (losses) on sales of other real estate0(0)0 0(0)(0)
Bank owned life insurance income11 1111
Interest and debt expense(4)(10)(19)(14)(10)(8)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(16)(15)(15)4(2)(1)(26)
Income from continuing operations before income taxes:35212115161210
Income tax expense(9)(4)(6)(4)(9)(4)(4)
Net income attributable to parent:26161511776
Preferred stock dividends and other adjustments      (0)
Net income available to common stockholders, diluted:26161511776

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:26161511776
Other comprehensive income (loss)  3(1)(0)(1)0
Comprehensive income:26161911776
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6)3     
Comprehensive income, net of tax, attributable to parent:19191911776

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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