12/310000855874Q1false2022P3YP3Y00008558742022-01-012022-03-3100008558742022-04-29xbrli:shares00008558742022-03-31iso4217:USD00008558742021-12-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2022-03-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2021-12-310000855874tcfc:PortfolioLoansMember2022-03-310000855874tcfc:PortfolioLoansMember2021-12-31xbrli:pureiso4217:USDxbrli:shares00008558742021-01-012021-03-310000855874us-gaap:BankServicingMember2022-01-012022-03-310000855874us-gaap:BankServicingMember2021-01-012021-03-310000855874us-gaap:DepositAccountMember2022-01-012022-03-310000855874us-gaap:DepositAccountMember2021-01-012021-03-310000855874tcfc:ReferralFeeIncomeMember2022-01-012022-03-310000855874tcfc:ReferralFeeIncomeMember2021-01-012021-03-310000855874us-gaap:CommonStockMember2021-12-310000855874us-gaap:AdditionalPaidInCapitalMember2021-12-310000855874us-gaap:RetainedEarningsMember2021-12-310000855874us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000855874tcfc:UnearnedEsopSharesMember2021-12-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2021-12-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2021-12-310000855874us-gaap:RetainedEarningsMember2022-01-012022-03-310000855874us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310000855874us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310000855874us-gaap:CommonStockMember2022-03-310000855874us-gaap:AdditionalPaidInCapitalMember2022-03-310000855874us-gaap:RetainedEarningsMember2022-03-310000855874us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310000855874tcfc:UnearnedEsopSharesMember2022-03-310000855874us-gaap:CommonStockMember2020-12-310000855874us-gaap:AdditionalPaidInCapitalMember2020-12-310000855874us-gaap:RetainedEarningsMember2020-12-310000855874us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000855874tcfc:UnearnedEsopSharesMember2020-12-3100008558742020-12-310000855874us-gaap:RetainedEarningsMember2021-01-012021-03-310000855874us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310000855874us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310000855874us-gaap:CommonStockMember2021-03-310000855874us-gaap:AdditionalPaidInCapitalMember2021-03-310000855874us-gaap:RetainedEarningsMember2021-03-310000855874us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310000855874tcfc:UnearnedEsopSharesMember2021-03-3100008558742021-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:PortfolioLoansMember2022-01-010000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2022-01-010000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874tcfc:ResidentialRentalsPortfolioSegmentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:PortfolioLoansMember2022-01-010000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:PortfolioLoansMember2022-01-010000855874tcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:PortfolioLoansMemberus-gaap:AccountingStandardsUpdate201911Membertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-01-010000855874tcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-01-010000855874tcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2022-01-010000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874tcfc:CommercialEquipmentPortfolioSegmentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:PortfolioLoansMember2022-01-010000855874tcfc:PortfolioLoansMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:PortfolioLoansMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:PortfolioLoansMember2022-01-010000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2022-01-0100008558742022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:AccountingStandardsUpdate201911Member2022-01-010000855874srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2022-01-0100008558742021-01-012021-12-310000855874tcfc:ResidentialMortgageBackedSecuritiesIssuedByUsGovernmentSponsoredEnterprisesMember2022-03-310000855874tcfc:ResidentialCollateralizedMortgageObligationsIssuedByUsGovernmentSponsoredEnterprisesMember2022-03-310000855874tcfc:AssetBackedSecuritiesIssuedByUsAgenciesMember2022-03-310000855874tcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2022-03-310000855874tcfc:StudentLoanTrustCollateralizedMortgageObligationsMember2022-03-310000855874us-gaap:MunicipalBondsMember2022-03-310000855874us-gaap:CorporateBondSecuritiesMember2022-03-310000855874tcfc:U.S.GovernmentObligationsMember2022-03-310000855874tcfc:CraInvestmentFundMember2022-03-310000855874tcfc:OtherEquitySecuritiesMember2022-03-310000855874tcfc:ResidentialMortgageBackedSecuritiesIssuedByUsGovernmentSponsoredEnterprisesMember2021-12-310000855874tcfc:ResidentialCollateralizedMortgageObligationsIssuedByUsGovernmentSponsoredEnterprisesMember2021-12-310000855874tcfc:AssetBackedSecuritiesIssuedByUsAgenciesMember2021-12-310000855874tcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2021-12-310000855874tcfc:StudentLoanTrustCollateralizedMortgageObligationsMember2021-12-310000855874us-gaap:MunicipalBondsMember2021-12-310000855874tcfc:U.S.GovernmentObligationsMember2021-12-310000855874tcfc:CraInvestmentFundMember2021-12-310000855874tcfc:OtherEquitySecuritiesMember2021-12-310000855874tcfc:AvailableForSaleSecuritiesSoldMember2021-12-31tcfc:security0000855874tcfc:AssetBackedSecuritiesIssuedByUsGovernmentSponsoredEnterprisesMember2022-03-310000855874tcfc:AssetBackedSecuritiesIssuedByPrivateEnterprisesMember2022-03-310000855874tcfc:AssetBackedSecuritiesIssuedByUsGovernmentSponsoredEnterprisesMember2021-12-310000855874tcfc:AssetBackedSecuritiesIssuedByPrivateEnterprisesMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMember2022-03-310000855874tcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-03-310000855874us-gaap:CommercialPortfolioSegmentMember2022-03-310000855874us-gaap:ConsumerPortfolioSegmentMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansExcludingUSSBAPPPLoansMember2022-03-310000855874tcfc:PortfolioLoansMember2022-03-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2021-12-310000855874tcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874tcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:PortfolioLoansExcludingUSSBAPPPLoansMember2021-12-310000855874tcfc:PortfolioLoansMember2021-12-310000855874tcfc:PortfolioLoansMember2021-01-012021-12-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2021-12-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2022-03-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:CommercialConstructionLoansMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:CommercialConstructionLoansMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:CommercialConstructionLoansMember2022-01-012022-03-310000855874srt:MinimumMembertcfc:ResidentialRentalsPortfolioSegmentMember2022-01-012022-03-310000855874srt:MaximumMembertcfc:ResidentialRentalsPortfolioSegmentMember2022-01-012022-03-310000855874srt:MinimumMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2022-01-012022-03-310000855874srt:MaximumMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2022-01-012022-03-310000855874tcfc:AdjustableRateResidentialFirstMortgageMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2022-03-310000855874tcfc:AdjustableRateResidentialFirstMortgageMember2022-03-310000855874tcfc:AdjustableRateResidentialFirstMortgageMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2021-12-310000855874tcfc:AdjustableRateResidentialFirstMortgageMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:ApartmentBuildingsRentalsMember2022-01-012022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembersrt:MinimumMember2022-01-012022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembersrt:MaximumMember2022-01-012022-03-310000855874tcfc:HomeEquityAndSecondMortgageLoansMember2022-03-310000855874us-gaap:CommercialLoanMember2022-03-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMember2021-12-310000855874tcfc:HomeEquityAndSecondMortgageLoansMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMember2021-12-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2021-12-310000855874tcfc:NonaccrualLoansMember2022-01-012022-03-310000855874tcfc:NonaccrualLoansMember2021-12-310000855874tcfc:NonaccrualLoansMember2022-03-310000855874tcfc:NonaccrualLoansWithNoImpairmentMember2021-12-310000855874tcfc:NonaccrualLoansWithNoImpairmentMember2021-01-012021-12-310000855874tcfc:NonaccrualLoansWithImpairmentMember2021-12-310000855874tcfc:NonaccrualLoansWithImpairmentMember2021-01-012021-12-310000855874tcfc:LoanDelinquencyMember2021-01-012021-12-310000855874tcfc:LoanDelinquencyMember2021-12-310000855874tcfc:LoanDelinquencyMember2022-03-31tcfc:loan0000855874tcfc:NonaccrualLoansWithNoImpairmentMember2022-03-310000855874tcfc:NonaccrualLoansWithNoImpairmentMember2022-01-012022-03-310000855874tcfc:NonaccrualLoansWithImpairmentMember2022-03-310000855874tcfc:NonaccrualLoansWithImpairmentMember2022-01-012022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-03-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansMemberus-gaap:FinancialAssetNotPastDueMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2022-03-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000855874tcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2022-03-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMemberus-gaap:FinancialAssetNotPastDueMembertcfc:NonPortfolioLoansMember2022-03-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMembertcfc:NonPortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:PortfolioLoansMember2022-03-310000855874tcfc:PortfolioLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874tcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PurchasedCreditImpairmentLoansMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancialAssetPastDueMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancialAssetPastDueMembertcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PurchasedCreditImpairmentLoansMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancialAssetPastDueMembertcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2021-12-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2021-12-310000855874us-gaap:FinancialAssetPastDueMembertcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:PortfolioLoansMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2021-12-310000855874tcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMembertcfc:HomeEquityAndSecondMortgagesPortfolioSegmentMember2021-12-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874us-gaap:FinancialAssetPastDueMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874tcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874us-gaap:FinancialAssetPastDueMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874tcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancialAssetPastDueMembertcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874us-gaap:FinancialAssetPastDueMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:PortfolioLoansMembertcfc:NonPurchasedCreditImpairmentLoansMemberus-gaap:FinancialAssetNotPastDueMember2021-12-310000855874us-gaap:FinancingReceivables30To59DaysPastDueMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivables60To89DaysPastDueMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2021-12-310000855874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2021-12-310000855874us-gaap:FinancialAssetPastDueMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:NonPortfolioLoansMember2021-12-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMemberus-gaap:FinancialAssetNotPastDueMembertcfc:NonPortfolioLoansMember2021-12-310000855874tcfc:OneTroubledDebtRestructuringLoansMember2021-01-012021-12-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-03-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2021-12-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMember2022-01-012022-03-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:ResidentialRentalsPortfolioSegmentMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMember2022-01-012022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMember2021-12-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:ConstructionAndLandDevelopmentPortfolioSegmentMember2021-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMember2022-01-012022-03-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:HomeEquityAndSecondMortgageLoansMember2021-12-310000855874tcfc:HomeEquityAndSecondMortgageLoansMember2022-01-012022-03-310000855874us-gaap:CommercialPortfolioSegmentMember2021-12-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874us-gaap:CommercialPortfolioSegmentMember2022-01-012022-03-310000855874us-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874us-gaap:ConsumerPortfolioSegmentMember2022-01-012022-03-310000855874srt:CumulativeEffectPeriodOfAdoptionAdjustmentMembertcfc:CommercialEquipmentPortfolioSegmentMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMember2022-01-012022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMember2020-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMember2021-03-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMember2020-12-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMember2021-01-012021-03-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMember2021-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMember2020-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMember2021-01-012021-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMember2021-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMember2020-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMember2021-01-012021-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMember2021-03-310000855874tcfc:HomeEquityAndSecondMortgageLoansMember2020-12-310000855874tcfc:HomeEquityAndSecondMortgageLoansMember2021-01-012021-03-310000855874tcfc:HomeEquityAndSecondMortgageLoansMember2021-03-310000855874us-gaap:CommercialPortfolioSegmentMember2020-12-310000855874us-gaap:CommercialPortfolioSegmentMember2021-01-012021-03-310000855874us-gaap:CommercialPortfolioSegmentMember2021-03-310000855874us-gaap:ConsumerPortfolioSegmentMember2020-12-310000855874us-gaap:ConsumerPortfolioSegmentMember2021-01-012021-03-310000855874us-gaap:ConsumerPortfolioSegmentMember2021-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMember2020-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMember2021-01-012021-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMember2021-03-310000855874tcfc:PurchasedCreditImpairmentLoansMember2020-12-310000855874tcfc:PurchasedCreditImpairmentLoansMember2021-01-012021-03-310000855874tcfc:PurchasedCreditImpairmentLoansMember2021-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:BusinessAndOtherAssetsMember2022-03-310000855874us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:BusinessAndOtherAssetsMember2022-03-310000855874us-gaap:RealEstateMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:BusinessAndOtherAssetsMember2022-03-310000855874us-gaap:RealEstateMembertcfc:ResidentialRentalsPortfolioSegmentMember2022-03-310000855874tcfc:HomeEquityAndSecondMortgageLoansMembertcfc:BusinessAndOtherAssetsMember2022-03-310000855874us-gaap:RealEstateMembertcfc:HomeEquityAndSecondMortgageLoansMember2022-03-310000855874us-gaap:CommercialPortfolioSegmentMembertcfc:BusinessAndOtherAssetsMember2022-03-310000855874us-gaap:RealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:BusinessAndOtherAssetsMember2022-03-310000855874us-gaap:RealEstateMembertcfc:CommercialEquipmentPortfolioSegmentMember2022-03-310000855874tcfc:BusinessAndOtherAssetsMember2022-03-310000855874us-gaap:RealEstateMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:WatchMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:InternalNoninvestmentGradeMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:PassMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:WatchMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:SubstandardMember2022-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:InternalNoninvestmentGradeMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:PassMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:WatchMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SubstandardMember2022-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:InternalNoninvestmentGradeMember2022-03-310000855874us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874tcfc:WatchMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2022-03-310000855874us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2022-03-310000855874us-gaap:CommercialPortfolioSegmentMemberus-gaap:InternalNoninvestmentGradeMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:PassMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:WatchMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:SubstandardMember2022-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:InternalNoninvestmentGradeMember2022-03-310000855874us-gaap:InternalNoninvestmentGradeMember2022-03-310000855874us-gaap:PerformingFinancingReceivableMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2022-03-310000855874us-gaap:NonperformingFinancingReceivableMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2022-03-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMemberus-gaap:InternalInvestmentGradeMember2022-03-310000855874us-gaap:PerformingFinancingReceivableMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMemberus-gaap:InternalInvestmentGradeMember2022-03-310000855874us-gaap:PerformingFinancingReceivableMembertcfc:HomeEquityAndSecondMortgageLoansMember2022-03-310000855874us-gaap:NonperformingFinancingReceivableMembertcfc:HomeEquityAndSecondMortgageLoansMember2022-03-310000855874tcfc:HomeEquityAndSecondMortgageLoansMemberus-gaap:InternalInvestmentGradeMember2022-03-310000855874us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000855874us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2022-03-310000855874us-gaap:ConsumerPortfolioSegmentMemberus-gaap:InternalInvestmentGradeMember2022-03-310000855874us-gaap:PerformingFinancingReceivableMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2022-03-310000855874us-gaap:NonperformingFinancingReceivableMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2022-03-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMemberus-gaap:InternalInvestmentGradeMember2022-03-310000855874us-gaap:InternalInvestmentGradeMember2022-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:UnratedMember2021-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:UnratedMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:UnratedMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2021-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:PassMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:PassMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMember2021-12-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2021-12-310000855874us-gaap:DoubtfulMembertcfc:ConstructionAndLandDevelopmentPortfolioSegmentMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:DoubtfulMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2021-12-310000855874us-gaap:UnlikelyToBeCollectedFinancingReceivableMembertcfc:ConstructionAndLandDevelopmentPortfolioSegmentMember2021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2021-12-310000855874us-gaap:CommercialPortfolioSegmentMembertcfc:UnratedMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:UnratedMember2021-12-310000855874tcfc:TotalCommercialPortfoliosMembertcfc:UnratedMember2021-12-310000855874us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:PassMember2021-12-310000855874us-gaap:PassMembertcfc:TotalCommercialPortfoliosMember2021-12-310000855874us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-310000855874us-gaap:SpecialMentionMembertcfc:TotalCommercialPortfoliosMember2021-12-310000855874us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-310000855874tcfc:TotalCommercialPortfoliosMemberus-gaap:SubstandardMember2021-12-310000855874us-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874us-gaap:DoubtfulMembertcfc:CommercialEquipmentPortfolioSegmentMember2021-12-310000855874us-gaap:DoubtfulMembertcfc:TotalCommercialPortfoliosMember2021-12-310000855874us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2021-12-310000855874us-gaap:UnlikelyToBeCollectedFinancingReceivableMembertcfc:CommercialEquipmentPortfolioSegmentMember2021-12-310000855874us-gaap:UnlikelyToBeCollectedFinancingReceivableMembertcfc:TotalCommercialPortfoliosMember2021-12-310000855874tcfc:TotalCommercialPortfoliosMember2021-12-310000855874tcfc:NonCommercialPortfolioSegmentMembertcfc:UnratedMember2021-12-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMembertcfc:UnratedMember2021-12-310000855874tcfc:UnratedMember2021-12-310000855874tcfc:NonCommercialPortfolioSegmentMemberus-gaap:PassMember2021-12-310000855874us-gaap:PassMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2021-12-310000855874us-gaap:PassMember2021-12-310000855874tcfc:NonCommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2021-12-310000855874us-gaap:SpecialMentionMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2021-12-310000855874us-gaap:SpecialMentionMember2021-12-310000855874tcfc:NonCommercialPortfolioSegmentMemberus-gaap:SubstandardMember2021-12-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMemberus-gaap:SubstandardMember2021-12-310000855874us-gaap:SubstandardMember2021-12-310000855874tcfc:NonCommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2021-12-310000855874us-gaap:DoubtfulMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2021-12-310000855874us-gaap:DoubtfulMember2021-12-310000855874tcfc:NonCommercialPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2021-12-310000855874us-gaap:UnlikelyToBeCollectedFinancingReceivableMembertcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2021-12-310000855874us-gaap:UnlikelyToBeCollectedFinancingReceivableMember2021-12-310000855874tcfc:NonCommercialPortfolioSegmentMember2021-12-310000855874us-gaap:PerformingFinancingReceivableMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2021-12-310000855874us-gaap:PerformingFinancingReceivableMembertcfc:HomeEquityAndSecondMortgageLoansMember2021-12-310000855874us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874us-gaap:NonperformingFinancingReceivableMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMember2021-12-310000855874us-gaap:NonperformingFinancingReceivableMembertcfc:HomeEquityAndSecondMortgageLoansMember2021-12-310000855874us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2021-12-310000855874srt:MinimumMemberus-gaap:CommercialLoanMember2022-01-012022-03-31tcfc:tDR_Loan0000855874us-gaap:CommercialRealEstatePortfolioSegmentMember2021-01-012021-12-310000855874tcfc:CommercialEquipmentPortfolioSegmentMember2021-01-012021-12-310000855874tcfc:TroubleDebtRestructuringLoansRepaymentsOrRefinancingsMember2021-01-012021-12-310000855874tcfc:FinancingReceivableTroubledDebtRestructuringMember2022-01-012022-03-310000855874tcfc:FinancingReceivableTroubledDebtRestructuringMember2021-01-012021-12-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMember2021-01-012021-12-310000855874tcfc:ResidentialRentalsPortfolioSegmentMember2021-01-012021-12-310000855874tcfc:HomeEquityAndSecondMortgageLoansMember2021-01-012021-12-310000855874us-gaap:CommercialPortfolioSegmentMember2021-01-012021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PortfolioLoansMember2021-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PurchasedCreditImpairmentLoansMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:ResidentialFirstMortgagesPortfolioSegmentMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:ResidentialRentalsPortfolioSegmentMembertcfc:PurchasedCreditImpairmentLoansMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:ConstructionAndLandDevelopmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:HomeEquityAndSecondMortgageLoansMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:HomeEquityAndSecondMortgageLoansMembertcfc:PortfolioLoansMember2021-12-310000855874tcfc:HomeEquityAndSecondMortgageLoansMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:HomeEquityAndSecondMortgageLoansMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:PortfolioLoansMemberus-gaap:CommercialPortfolioSegmentMember2021-03-310000855874tcfc:PortfolioLoansMemberus-gaap:ConsumerPortfolioSegmentMember2021-03-310000855874tcfc:CommercialEquipmentPortfolioSegmentMembertcfc:PortfolioLoansMember2021-03-310000855874tcfc:PortfolioLoansMember2021-03-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:PortfolioLoansMember2021-03-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PurchasedCreditImpairmentLoansMember2021-12-310000855874us-gaap:CommercialRealEstatePortfolioSegmentMembertcfc:PurchasedCreditImpairmentLoansMember2021-03-310000855874tcfc:PurchasedCreditImpairmentLoansMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMember2021-03-310000855874tcfc:CountyFirstAcquisitionMembertcfc:NonPurchasedCreditImpairmentLoansMember2021-12-310000855874tcfc:NonPurchasedCreditImpairmentLoansMembertcfc:CountyFirstBankAcquisitionMember2021-12-310000855874tcfc:PurchasedCreditImpairmentLoansMembertcfc:CountyFirstBankAcquisitionMember2021-12-3100008558742021-10-012021-12-310000855874tcfc:CountyFirstAcquisitionMembertcfc:PurchasedCreditImpairmentLoansMember2021-12-310000855874tcfc:CountyFirstAcquisitionMember2021-12-310000855874tcfc:USSmallBusinessAdministrationPaycheckProtectionProgramLoansMember2021-12-310000855874tcfc:NonAcquiredMember2021-12-310000855874us-gaap:CoreDepositsMember2022-03-310000855874us-gaap:CoreDepositsMember2021-12-3100008558742020-10-012020-12-310000855874tcfc:ResidentialLotsMember2021-12-310000855874tcfc:ResidentialLotsMember2022-03-310000855874us-gaap:ProductMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-03-310000855874us-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2022-03-31tcfc:customer_relationship0000855874us-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2022-01-012022-03-310000855874us-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2021-12-310000855874us-gaap:ProductMemberus-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-12-310000855874us-gaap:SalesRevenueNetMemberus-gaap:CustomerConcentrationRiskMember2021-01-012021-12-310000855874srt:MinimumMember2022-03-310000855874srt:MinimumMember2021-12-310000855874srt:MaximumMember2022-03-310000855874srt:MaximumMember2021-12-310000855874tcfc:CapitalTrustIIMember2005-06-150000855874tcfc:CapitalTrustIIMember2022-01-012022-03-310000855874tcfc:CapitalTrustIIMember2005-06-152005-06-150000855874tcfc:CapitalTrustIMember2004-07-220000855874tcfc:CapitalTrustIMember2004-07-222004-07-220000855874tcfc:Fixed4Point75PercentToFloatingRateNotesDue2030Member2020-10-140000855874srt:FederalHomeLoanBankOfNewYorkMembertcfc:Fixed4Point75PercentToFloatingRateNotesDue2030Member2020-10-142020-10-140000855874srt:MinimumMembertcfc:Fixed4Point75PercentToFloatingRateNotesDue2030Member2020-10-140000855874srt:MinimumMembertcfc:Fixed4Point75PercentToFloatingRateNotesDue2030Member2022-03-310000855874srt:MinimumMembertcfc:Fixed4Point75PercentToFloatingRateNotesDue2030Member2021-03-310000855874tcfc:BankMember2022-03-310000855874tcfc:BankMember2021-12-310000855874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874tcfc:AssetBackedSecuritiesIssuedByUsAgenciesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel1Membertcfc:AssetBackedSecuritiesIssuedByUsAgenciesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874tcfc:AssetBackedSecuritiesIssuedByUsAgenciesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Membertcfc:AssetBackedSecuritiesIssuedByUsAgenciesMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueMeasurementsRecurringMembertcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2022-03-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembertcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2022-03-310000855874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membertcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembertcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2022-03-310000855874tcfc:StudentLoanTrustABSsIssuedByOthersMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel1Membertcfc:StudentLoanTrustABSsIssuedByOthersMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874tcfc:StudentLoanTrustABSsIssuedByOthersMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Membertcfc:StudentLoanTrustABSsIssuedByOthersMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-03-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-03-310000855874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-03-310000855874tcfc:U.S.GovernmentObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874tcfc:U.S.GovernmentObligationsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874tcfc:U.S.GovernmentObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Membertcfc:U.S.GovernmentObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel1Membertcfc:CraInvestmentFundMember2022-03-310000855874tcfc:CraInvestmentFundMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Membertcfc:CraInvestmentFundMember2022-03-310000855874us-gaap:FairValueInputsLevel1Membertcfc:OtherEquitySecuritiesMember2022-03-310000855874tcfc:OtherEquitySecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Membertcfc:OtherEquitySecuritiesMember2022-03-310000855874us-gaap:FairValueInputsLevel1Member2022-03-310000855874us-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:FairValueInputsLevel3Member2022-03-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:InterestRateLockCommitmentsMember2022-03-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateLockCommitmentsMember2022-03-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateLockCommitmentsMember2022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:InterestRateLockCommitmentsMember2022-03-310000855874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:CollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874tcfc:AssetBackedSecuritiesIssuedByUsAgenciesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel1Membertcfc:AssetBackedSecuritiesIssuedByUsAgenciesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874tcfc:AssetBackedSecuritiesIssuedByUsAgenciesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Membertcfc:AssetBackedSecuritiesIssuedByUsAgenciesMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:FairValueMeasurementsRecurringMembertcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2021-12-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMembertcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2021-12-310000855874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Membertcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMembertcfc:ResidentialCollateralizedMortgageObligationIssuedByPrivateEnterprisesMember2021-12-310000855874tcfc:StudentLoanTrustABSsIssuedByOthersMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel1Membertcfc:StudentLoanTrustABSsIssuedByOthersMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874tcfc:StudentLoanTrustABSsIssuedByOthersMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Membertcfc:StudentLoanTrustABSsIssuedByOthersMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:MunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874tcfc:U.S.GovernmentObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874tcfc:U.S.GovernmentObligationsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874tcfc:U.S.GovernmentObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Membertcfc:U.S.GovernmentObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel1Membertcfc:CraInvestmentFundMember2021-12-310000855874tcfc:CraInvestmentFundMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Membertcfc:CraInvestmentFundMember2021-12-310000855874us-gaap:FairValueInputsLevel1Membertcfc:OtherEquitySecuritiesMember2021-12-310000855874tcfc:OtherEquitySecuritiesMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Membertcfc:OtherEquitySecuritiesMember2021-12-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:InterestRateLockCommitmentsMember2021-12-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:InterestRateLockCommitmentsMember2021-12-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateLockCommitmentsMember2021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMemberus-gaap:InterestRateLockCommitmentsMember2021-12-310000855874us-gaap:CommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874us-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874tcfc:LoansWithImpairmentMemberus-gaap:CommercialLoanMember2022-03-310000855874tcfc:LoansWithImpairmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialLoanMember2022-03-310000855874tcfc:CommercialEquipmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874tcfc:CommercialEquipmentMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874tcfc:CommercialEquipmentMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel3Membertcfc:CommercialEquipmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874us-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-03-310000855874us-gaap:CommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:CommercialRealEstateMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:CommercialLoanMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialLoanMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874tcfc:CommercialEquipmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel3Membertcfc:CommercialEquipmentMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874tcfc:ForeclosedRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel1Membertcfc:ForeclosedRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874tcfc:ForeclosedRealEstateMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel3Membertcfc:ForeclosedRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2021-12-310000855874us-gaap:FairValueInputsLevel3Membertcfc:LoansWithImpairmentMember2022-03-310000855874us-gaap:FairValueInputsLevel3Membersrt:MinimumMembertcfc:LoansWithImpairmentMember2022-01-012022-03-310000855874us-gaap:FairValueInputsLevel3Membersrt:MaximumMembertcfc:LoansWithImpairmentMember2022-01-012022-03-310000855874us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembertcfc:LoansWithImpairmentMember2022-01-012022-03-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMember2021-12-310000855874us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:InterestRateLockCommitmentsMember2021-01-012021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMembersrt:MaximumMember2021-01-012021-12-310000855874us-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateLockCommitmentsMembersrt:WeightedAverageMember2021-01-012021-12-310000855874us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-03-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-03-310000855874us-gaap:InterestRateLockCommitmentsMember2022-03-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel1Member2022-03-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel2Member2022-03-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel3Member2022-03-310000855874us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000855874us-gaap:FairValueInputsLevel1Member2021-12-310000855874us-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:FairValueInputsLevel3Member2021-12-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-310000855874us-gaap:InterestRateLockCommitmentsMember2021-12-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel1Member2021-12-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel2Member2021-12-310000855874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueInputsLevel3Member2021-12-310000855874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000855874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-12-310000855874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-03-310000855874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-01-012021-03-310000855874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-03-310000855874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-03-310000855874us-gaap:EmployeeStockOptionMember2022-01-012022-03-310000855874us-gaap:EmployeeStockOptionMember2021-01-012021-03-310000855874srt:MinimumMember2022-01-012022-03-310000855874srt:MaximumMember2022-01-012022-03-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended March 31, 2022
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to ______
Commission File Number: 001-36094
tcfc-20220331_g1.jpg
THE COMMUNITY FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Maryland 52-1652138
(State of Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.)
3035 Leonardtown Road, Waldorf, MD, 20601
(Address of Principal Executive Offices) (Zip Code)
(301) 645-5601
(Registrant’s Telephone Number, Including Area Code)
Not applicable
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.01 per share TCFC The NASDAQ Stock Market LLC
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes    No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes    No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer Accelerated Filer 
Non-accelerated Filer Smaller Reporting Company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No
As of April 29, 2022, the registrant had 5,654,971 shares of common stock outstanding. 



TABLE OF CONTENTS
Table of Contents Page
1
1
2
3
4
5
7



FORWARD-LOOKING STATEMENTS
Certain statements contained in this Report may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can generally be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “is optimistic”, “believe,” “expect,” “anticipate,” “estimate,” "assume" and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Statements in this report that are not strictly historical are forward-looking and are based upon current expectations that may differ materially from actual results. These forward-looking statements include, without limitation: (i) those relating to the Company’s and Community Bank of the Chesapeake’s future growth and management’s outlook or expectations for revenue, assets, asset quality, profitability, business prospects, net interest margin, non-interest revenue, allowance for loan losses, the level of credit losses from lending, liquidity levels, capital levels, or other future financial or business performance strategies or expectations, (ii) any statements of the plans and objectives of management for future operations products or services, including the expected benefits from, and/or the execution of integration plans relating to any acquisition we have undertaken or that we undertake in the future; (iii) plans and cost savings regarding branch closings or consolidation; (iv) projections related to certain financial metrics; (v) expected benefits of programs we introduce, including residential mortgage programs and retail and commercial credit card programs; and (vi) any statement of expectation or belief, and any assumptions underlying the foregoing. These forward-looking statements express management’s current expectations or forecasts of future events, results and conditions, and by their nature are subject to and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein.

Factors that might cause actual results to differ materially from those made in such statements include, but are not limited to: (i) risks, uncertainties and other factors relating to the COVID-19 pandemic (including the length of time that the pandemic continues, the ability of states and local governments to successfully implement the lifting of restrictions on movement and the potential imposition of further restrictions on movement and travel in the future, the effect of the pandemic on the general economy and on the businesses of our borrowers and their ability to make payments on their obligations; (ii) the remedial actions and stimulus measures adopted by federal, state and local governments, and the inability of employees to work due to illness, quarantine, or government mandates); (iii) the impacts related to or resulting from Russia’s military action in Ukraine, including the broader impacts to financial markets and the global macroeconomic and geopolitical environments; (iv) assumptions that interest-earning assets will reprice faster than interest-bearing liabilities and the Bank’s ability to maintain its current favorable funding mix; (v) the synergies and other expected financial benefits from any acquisition that we have undertaken or may undertake in the future may or may not be realized within the expected time frames; (vi) changes in the Company's or the Bank's strategy, costs or difficulties related to integration matters might be greater than expected; (vii) availability of and costs associated with obtaining adequate and timely sources of liquidity; (viii) the ability to maintain credit quality; (ix) general economic trends and conditions, including inflation and its impacts; (xii) changes in interest rates; loss of deposits and loan demand to other financial institutions; (xiii) substantial changes in financial markets; (xiv) changes in real estate value and the real estate market; (xv) regulatory changes; (xvi) the impact of government shutdowns or sequestration; (xvii) the possibility of unforeseen events affecting the industry generally; (xviii) the uncertainties associated with newly developed or acquired operations; (xix) the outcome of pending or threatened litigation, or of matters before regulatory agencies, whether currently existing or commencing in the future; (xx) market disruptions and other effects of terrorist activities; and (xxi) the matters described in “Item 1A Risk Factors” in the Company’s Annual Report on Form 10-K for the Year Ended December 31, 2021, and in its other Reports filed with the Securities and Exchange Commission (the “SEC”).
The Company’s forward-looking statements may also be subject to other risks and uncertainties, including those that it may discuss elsewhere in this Report or in its filings with the SEC, accessible on the SEC’s Web site at www.sec.gov. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required under the rules and regulations of the SEC.
You are cautioned not to place undue reliance on the forward-looking statements contained in this document in that actual results could differ materially from those indicated in such forward-looking statements, due to a variety of factors. Any forward-looking statement speaks only as of the date of this Report, and the Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this Report.


PART 1 – FINANCIAL INFORMATION
ITEM 1 – FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(dollars in thousands, except per share amounts) March 31, 2022 December 31, 2021
Assets
Cash and due from banks $ 80,702  $ 108,990 
Interest-bearing deposits with banks 32,460  30,664 
Securities available for sale ("AFS"), at fair value 507,527  497,839 
Equity securities carried at fair value through income 4,562  4,772 
Non-marketable equity securities held in other financial institutions 207  207 
Federal Home Loan Bank ("FHLB") stock - at cost 1,685  1,472 
Loans held for sale 373  — 
Net U.S. Small Business Administration ("SBA") Paycheck Protection Program ("PPP") Loans 15,279  26,398 
Portfolio Loans Receivable net of allowance for credit losses of $21,382 and $18,417
1,608,156  1,560,393 
Net loans 1,623,435  1,586,791 
Goodwill 10,835  10,835 
Premises and equipment, net 21,304  21,427 
Accrued interest receivable 5,389  5,588 
Investment in bank owned life insurance 39,145  38,932 
Core deposit intangible 924  1,032 
Net deferred tax assets 15,523  9,033 
Right of use assets - operating leases 6,033  6,124 
Other assets 1,819  3,600 
Total Assets $ 2,351,923  $ 2,327,306 
Liabilities and Stockholders’ Equity
Deposits
Non-interest-bearing deposits $ 644,385  $ 445,778 
Interest-bearing deposits 1,450,698  1,610,386 
Total deposits 2,095,083  2,056,164 
Long-term debt 12,213  12,231 
Guaranteed preferred beneficial interest in junior subordinated debentures ("TRUPs") 12,000  12,000 
Subordinated notes net of debt issuance costs - 4.75%
19,524  19,510 
Lease liabilities - operating leases 6,266  6,343 
Accrued expenses and other liabilities 13,697  12,925 
Total Liabilities 2,158,783  2,119,173 
Stockholders’ Equity
Common stock - par value $0.01; authorized - 15,000,000 shares; issued 5,686,799 and 5,718,528 shares, respectively
57  57 
Additional paid in capital 97,189  96,896 
Retained earnings 115,179  113,448 
Accumulated other comprehensive losses (18,969) (1,952)
Unearned ESOP shares (316) (316)
Total Stockholders’ Equity 193,140  208,133 
Total Liabilities and Stockholders’ Equity $ 2,351,923  $ 2,327,306 
See notes to Consolidated Financial Statements
1

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
Three Months Ended March 31,
(dollars in thousands, except per share amounts) 2022 2021
Interest and Dividend Income
Loans, including fees $ 15,610  $ 16,592 
Interest and dividends on investment securities 1,666  1,064 
Interest on deposits with banks 60  22 
Total Interest and Dividend Income 17,336  17,678 
Interest Expense
Deposits 513  802 
Long-term debt 354  367 
Total Interest Expense 867  1,169 
Net Interest Income 16,469  16,509 
Provision for credit losses 450  295 
Provision (recovery) for unfunded commitments (31) — 
Net Interest Income After Provision For Credit Losses 16,050  16,214 
Noninterest Income
Loan appraisal, credit, and miscellaneous charges 176  198 
Net gains on sale of investment securities —  586 
Unrealized losses on equity securities (222) (85)
Income from bank owned life insurance 214  214 
Service charges 926  1,187 
Referral fee income 361  451 
Net losses on sale of loans originated for sale (4) — 
Loss on sale of loans —  (191)
Total Noninterest Income 1,451  2,360 
Noninterest Expense
Compensation and benefits 5,055  4,788 
Occupancy expense 732  761 
Advertising 64  79 
Data processing expense 1,007  936 
Professional fees 731  640 
Depreciation of premises and equipment 149  147 
FDIC Insurance 179  252 
OREO valuation allowance and expenses 181 
Core deposit intangible amortization 109  133 
Fraud losses 40  1,329 
Other expenses 1,008  902 
Total Noninterest Expense 9,080  10,148 
Income before income taxes 8,421  8,426 
Income tax expense 2,133  2,127 
Net Income $ 6,288  $ 6,299 
Earnings Per Common Share
Basic $ 1.11  $ 1.07 
Diluted $ 1.10  $ 1.07 
Cash dividends paid per common share $ 0.175  $ 0.125 
See notes to Consolidated Financial Statements
2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/LOSS
(Unaudited)
Three Months Ended March 31,
(dollars in thousands) 2022 2021
Net Income $ 6,288  $ 6,299 
Net unrealized holding loss arising during period, net of tax benefit of $(5,998) and $(1,147), respectively.
(17,017) (3,253)
Reclassification adjustment for gains included in net income, net of tax expense of $0 and $153, respectively.
—  433 
Comprehensive (Losses) Income $ (10,729) $ 3,479 
See notes to Consolidated Financial Statements
3

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(Unaudited)
For the Three Months Ended March 31, 2022 and 2021
(dollars in thousands) Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income Unearned ESOP Shares Total
Balance at January 1, 2022 $ 57  $ 96,896  $ 113,448  $ (1,952) $ (316) $ 208,133 
Cumulative effect adjustment due to the adoption of ASC 326, net of tax —  —  (2,006) —  —  (2,006)
Net Income —  —  6,288  —  —  6,288 
Unrealized holding loss on investment securities, net of tax $(5,998)
—  —  —  (17,017) —  (17,017)
Cash dividend at $0.175 per common share
—  —  (949) —  —  (949)
Dividend reinvestment —  52  (52) —  —  — 
Net change in fair market value below cost of leveraged ESOP shares released —  —  —  — 
Repurchase of common stock —  —  (1,550) —  —  (1,550)
Stock based compensation —  235  —  —  —  235 
Balance at March 31, 2022 $ 57  $ 97,189  $ 115,179  $ (18,969) $ (316) $ 193,140 
(dollars in thousands) Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income Unearned ESOP Shares Total
Balance at January 1, 2021 $ 59  $ 95,965  $ 97,944  $ 4,504  $ (459) $ 198,013 
Net Income —  —  6,299  —  —  6,299 
Unrealized holding gain on investment securities, net of tax $(994)
—  —  —  (2,820) —  (2,820)
Cash dividend at $0.125 per common share
—  —  (704) —  —  (704)
Dividend reinvestment —  35  (35) —  —  — 
Net change in fair market value below cost of leveraged ESOP shares released —  (5) —  —  —  (5)
Repurchase of common stock —  —  (210) —  —  (210)
Stock based compensation —  186  —  —  —  186 
Balance at March 31, 2021 $ 59  $ 96,181  $ 103,294  $ 1,684  $ (459) $ 200,759 
See notes to Consolidated Financial Statements
4

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
Three Months Ended March 31,
(dollars in thousands) 2022 2021
Cash Flows from Operating Activities
Net income $ 6,288  $ 6,299 
Adjustments to reconcile net income to net cash provided by operating activities
Provision for credit losses 450  295 
Provision (recovery) for unfunded commitments (31) — 
Depreciation and amortization 373  399 
Loans originated for resale (1,606) — 
Proceeds from sale of loans originated for sale 1,255  — 
Net loss on sale of loans held for sale — 
Loss on sale of loans —  191 
Net gain on the sale of OREO —  (22)
Gains on sales of investment securities —  (586)
Unrealized loss on equity securities 222  85 
Net amortization of premium/discount on investment securities 582  108 
Net accretion of merger accounting adjustments (62) (90)
Net amortization of debt issuance costs 14  (58)
Amortization of core deposit intangible 109  133 
Amortization of right of use asset 91  128 
Net change in right of use assets and lease liabilities (77) (161)
Increase in OREO valuation allowance —  180 
Increase in cash surrender value of bank owned life insurance (213) (214)
Increase in deferred income tax benefit 206  232 
Decrease in accrued interest receivable 199  1,380 
Stock based compensation 235  186 
Net change in fair market value above (below) cost of leveraged ESOP shares released (5)
Decrease in net deferred loan costs 283  1,240 
Increase (decrease) in accrued expenses and other liabilities 586  (399)
Decrease (increase) in other assets 1,781  (158)
Net Cash Provided by Operating Activities 10,695  9,163 
Cash Flows from Investing Activities
Purchase of AFS investment securities (46,404) (35,557)
Proceeds from redemption or principal payments of AFS investment securities 13,107  12,420 
Proceeds from sale of AFS investment securities —  12,540 
Net decrease (increase) of FHLB stock (214) 742 
Net change in loans (39,828) (18,710)
Purchase of premises and equipment (250) (668)
Proceeds from sale of OREO —  622 
Proceeds from sale of loans —  8,858 
Net Cash Used in Investing Activities (73,589) (19,753)

5

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(Continued)
Three Months Ended March 31,
(dollars in thousands) 2022 2021
Cash Flows from Financing Activities
Net increase in deposits $ 38,919  $ 122,294 
Payments of long-term debt (18) (17)
Dividends paid (949) (704)
Repurchase of common stock (1,550) (210)
Net Cash Provided by Financing Activities 36,402  121,363 
(Decrease) increase in Cash and Cash Equivalents (26,492) 110,773 
Cash and Cash Equivalents - January 1 139,654  77,065 
Cash and Cash Equivalents - March 31 $ 113,162  $ 187,838 
Supplemental Disclosures of Cash Flow Information
Cash paid during the period for
Interest $ 637  $ 1,105 
Income taxes $ —  $ — 
Supplemental Schedule of Non-Cash Operating Activities
Issuance of common stock for payment of compensation $ 130  $ — 
Supplemental Schedule of Non-Cash Investing and Financing Activities
Cumulative effect adjustment for adoption of ASU 2016-13 $ 2,006  $ — 
See notes to Consolidated Financial Statements
6

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
NOTE 1 – BASIS OF PRESENTATION AND NATURE OF OPERATIONS
Basis of Presentation
The Consolidated Financial Statements include the accounts of The Community Financial Corporation and its wholly-owned subsidiary, Community Bank of the Chesapeake (the “Bank”), (collectively, the “Company”), included herein are unaudited.
The Consolidated Financial Statements reflect all adjustments consisting only of normal recurring accruals that, in the opinion of management, are necessary to present fairly the Company’s financial condition, results of operations, and cash flows for the periods presented. Certain information and note disclosures normally included in Consolidated Financial Statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") have been condensed or omitted pursuant to the rules and regulations of the SEC. Management believes that the included disclosures are adequate to make the information presented not misleading. The balances as of December 31, 2021 have been derived from audited Consolidated Financial Statements. The Company’s accounting policies are disclosed in the 2021 Annual Report included in Note 1, as well as the adoption of the new Current Expected Credit Loss ("CECL") accounting standard that is described below. The results of operations for the three months March 31, 2022 are not necessarily indicative of the results of operations to be expected for the remainder of the year or any other period.
These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes included in the Company’s 2021 Annual Report on Form 10-K.
Reclassification
Certain items in prior Consolidated Financial Statements have been reclassified to conform to the current presentation.
Nature of Operations
The Company provides financial services to individuals and businesses through its offices in Southern Maryland, and Fredericksburg, Virginia. Its primary deposit products are demand, savings and time deposits, and its primary lending products are commercial and residential mortgage loans, commercial loans, construction and land development loans, home equity and second mortgages and commercial equipment loans.

Use of Estimates
The preparation of Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Consolidated Financial Statements and the reported amount of income and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses ("ACL"), real estate acquired in the settlement of loans ("OREO"), fair value of financial instruments, fair value of assets acquired and liabilities assumed in a business combination, evaluating other-than-temporary-impairment ("OTTI") of investment securities and valuation of deferred tax assets.
7

New Accounting Policy
Allowance for Credit Losses
On January 1, 2022, the Company adopted ASU 2016-13 "Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments, which replaced the incurred loss methodology for determining the provision for credit losses and ACL with the CECL methodology. The measurement of expected credit losses under the CECL methodology applies to financial assets subject to credit losses and measured at amortized cost, and certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, held-to-maturity securities, loan commitments, and financial guarantees. In addition, ASU 2016-13 made changes to the accounting for available-for-sale ("AFS") debt securities. Credit-related impairments of AFS debt securities are now recognized through an allowance for credit loss rather than a write-down of the securities amortized cost basis when management does not intend to sell or believes that it is not likely that they will be required to sell the securities prior to recovery of the securities amortized cost basis.
We adopted ASU 2016-13 using the modified retrospective method. Results for reporting periods beginning after January 1, 2022 are presented under ASU 2016-13 while prior period amounts continue to be reported in accordance with previously applicable GAAP. At adoption, the Company did not hold Held to Maturity ("HTM") investment debt securities.
The following table shows the impact of the Company's adoption of ASC 326:
January 1, 2022
(dollars in thousands) As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption
Portfolio Loans:
Commercial real estate $ 1,113,793  $ 1,115,485  (1,692)
Residential first mortgages 92,710  91,120  1,590 
Residential rentals 194,911  195,035  (124)
Construction and land development 35,502  35,590  (88)
Home equity and second mortgages 25,661  25,638  23 
Commercial loans 50,512  50,574  (62)
Consumer loans 3,015  3,002  13 
Commercial equipment 62,706  62,499  207 
Gross Portfolio Loans 1,578,810  1,578,943  (133)
Adjustments:
Net deferred costs —  (133) 133 
Allowance for credit losses (20,913) (18,417) (2,496)
Net Portfolio Loans 1,557,897  1,560,393  (2,496)
U.S. Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans 26,398  27,276  (878)
Net deferred fees —  (878) 878 
Net U.S. SBA PPP Loans 26,398  26,398  — 
Total Net Loans $ 1,584,295  $ 1,586,791  $ (2,496)
Liabilities: Reserve for Unfunded Commitments $ 268  $ 51  $ 217 
Loans that the Company has the intent and ability to hold for the foreseeable future, or until maturity or payoff, are reported at their outstanding unpaid principal balances, adjusted for the allowance for credit losses and any deferred fees or premiums. Interest income is accrued on the unpaid principal balance. Loan origination fees and premiums, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method.
Loans purchased with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered credit deteriorated. Evidence of credit quality deterioration as of the purchase date may include statistics such as internal risk grade, past due and nonaccrual status, recent borrower credit scores and recent loan-to-value (“LTV”) percentages. At December 31, 2021, the Bank had purchased credit-deteriorated (“PCD”) loans from the County First acquisition PCD loans with an unpaid principal balances of $1.4 million and a carrying values of $1.1 million. At the adoption of ASC 326, management evaluated the remaining unamortized discount on the PCD loans and determined that approximately $8,000 of the discount was credit
8

related and reclassified into the ACL. The non-credit component of the discount will be recognized in interest income over the remaining life of the loan.
The Company considers a loan to be past due or delinquent when the terms of the contractual obligation are not met by the borrower. Loans are reviewed on a regular basis and are placed on non-accrual status when, in the opinion of management, the collection of additional interest is doubtful. The accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days delinquent unless the credit is well secured and in the process of collection. Non-accrual loans include certain loans that are current with all loan payments and are placed on non-accrual status due to customer operating results and cash flows. Non-accrual loans are evaluated for impairment on a loan-by-loan basis in accordance with the Company’s impairment methodology.
Consumer loans, excluding credit card loans, are typically charged-off no later than 90 days past due. Credit card loans are typically charged-off no later than 180 days past due. Mortgage and commercial loans are fully or partially charged-off when in management’s judgment all reasonable efforts to return a loan to performing status have occurred. In all cases, loans are placed on non-accrual or charged-off at an earlier date if collection of principal or interest is considered doubtful.
All interest accrued but not collected from loans that are placed on non-accrual or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured.
TDRs are loans that have been modified to provide for a reduction or a delay in the payment of either interest or principal because of deterioration in the financial condition of the borrower. A loan extended or renewed at a stated interest rate equal to the current interest rate for new debt with similar risk is not considered a TDR. Once an obligation has been classified as a TDR it continues to be considered a TDR until paid in full or until the debt is refinanced and considered unimpaired. All TDRs are assessed on a loan-by-loan basis. The Company does not participate in any specific government or Company-sponsored loan modification programs. All restructured loan agreements are individual contracts negotiated with a borrower.
Allowance for Credit Losses - Loans
The ACL is an estimate of the expected credit losses for loans held for investment and off-balance sheet exposures. ASU 2016-13 replaced the incurred loss model that recognized losses when it became probable that a credit losses had occurred, with a model that immediately recognizes a credit loss expected to occur over the lifetime of a financial asset whether originated or purchased. Loan losses are charged against the ACL when management believes the loan is uncollectible. Subsequent recoveries, if any, are credited to the ACL. Management believes the ACL in accordance with U.S. GAAP and in compliance with appropriate regulatory guidelines.
The ACL includes quantitative estimates of losses for collectively and individually evaluated loans. As more fully described below, the model-based quantitative estimate for collectively evaluated loans is determined using the probability of default (PD) and loss given default (LGD) at the segment level and applied at the loan level against the expected exposure at default (EAD). Qualitative adjustments to the quantitative estimate may be made using information not considered in the quantitative model.
The Bank uses a range of data to estimate expected credit losses under CECL, including information about past events, current conditions, and reasonable and supportable forecasts relevant to assessing the collectability of the cash flows of the loans. Historical loss experience serves as the foundation for our estimated credit losses. Adjustments to our historical loss experience are made for differences in current loan portfolio segment credit risk characteristics such as the impact of changing unemployment rates, changes in U.S. Treasury yields, portfolio concentrations, the volume of classified loans, and other prevailing economic conditions and factors that may affect the borrower’s ability to repay, or reduce the estimated value of underlying collateral. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available.
The ACL is measured on a collective basis when similar risk characteristics exist. Generally, collectively assessed loans are grouped by loan type code or product type codes and assigned to a corresponding portfolio segment. Portfolio segments may be further subdivided into similar risk profile groupings based on interest rate structure, types of collateral or other terms and characteristics.
The probability of default (“PD”) calculation analyzes the historical loan portfolio over the given look back period to identify, by segment, loans that have defaulted. A default is defined as a loan that has moved to past due 90 days and greater, nonaccrual status, or experienced a charge-off during the period. The model observes loans over a 12-month window, detecting any events previously defined. This information is then used by the model to calculate annual iterative count-based PD rates for each segment. This process is then repeated for all dates within the historical data range. These averaged PD’s are used for a 12-month straight-line reversion to the historical mean. The historical data used to calculate this input dates was captured from mid-2006 through the most recent quarter end.
The Company utilizes reasonable and supportable forecasts of future economic conditions when estimating the ACL on loans. The model’s calculation also includes a 12-month forecasted PD based on a regression model that compared the Company’s historical loan data to
9

various national economic metrics during the same periods. The results showed the Company’s past losses having a high rate of correlation to national unemployment rates for fixed rate loans and the 10-Year U.S. Treasury for adjustable rate loans. The model uses this information, along with the most recently published Wall Street Journal survey of sixty economists’ forecasts predicting unemployment rates out over the next four quarters to estimate the PD for the forward-looking 12-month period. These data are also used to predict loan losses at different levels of stress, including a baseline, low, high and adverse economic conditions. After the forecast period, PD rates revert to the historical mean straight line over a 12-month period for the entire data set.
The loss given default (“LGD”) calculation is based on actual losses (charge-offs, net recoveries) at a loan level experienced over the entire look-back period aggregated for each loan segment. The aggregate loss is divided by the exposure at default to determine an LGD rate. Defaults occurring during the look-back period are included in the denominator, whether a loss occurred or not and exposure at default is determined by the loan balance immediately preceding the default event. When the Company's data are insufficient. an industry index is used.
The exposure at default (“EAD”) calculation projects future expected balances to apply PD and LGD assumptions through the creation of monthly cash flow schedules. These are derived based on current contractual terms (balance, interest rate, payment structure), adjusted for expected voluntary prepayments. The contractual terms exclude expected extensions, renewals and modifications unless either of the following applies: management has the reasonable expectation that a loan will be restructured, or the extension or renewal option are included in the borrower contract.
On a quarterly basis, the Company uses internal portfolio credit data, such as levels of non-accrual loans, classified assets and concentrations of credit along with other external information not used in the quantitative calculation to determine qualitative adjustments.
Loans that do not share the same common risk characteristics with other loans are individually assessed. Such loans include non-accrual loans, TDRs, loans classified as substandard or worse, loans that are greater than 89 days delinquent and any other loan identified by management determines for individual assessment. Reserves on individually assessed loans are measured on a loan-by loan basis. Generally, consumer loans, including credit cards, are not individually assessed as the Bank's policy is to charge-off credit card loans when they become 180 days delinquent and other consumer loans when they are more than 90 days delinquent.
The methodology used in the estimation of the ACL, which is performed at least quarterly, is designed to be responsive to changes in portfolio credit quality and forecasted economic conditions. Changes are reflected in the pool-based allowance and in reserves assigned on an individual basis as collectibility is updated with new information. Our portfolio loss ratios have been closely monitored. The review of the appropriateness of the ACL is performed by executive management and is presented to the Credit Risk Committee and the Audit Committee. The committees report to the Board as part of Board's quarterly review of our regulatory reporting and consolidated financial statements.
The calculation of the ACL excludes accrued interest receivable balances because these balances are reversed in a timely manner against previously recognized interest income when a loan is placed on non-accrual status.

Allowance for Credit Losses - AFS Debt securities
As described above, the Company does not presently hold any HTM debt securities and therefore is not presently required to apply a CECL methodology for an HTM investment portfolio.
The impairment model for AFS debt securities differs from the CECL approach utilized by HTM debt securities because AFS debt securities are measured at fair value rather than amortized cost. Although ASU No. 2016-13 replaced the legacy other-than-temporary impairment (“OTTI”) model with a credit loss model, it retained the fundamental nature of the legacy OTTI model for AFS securities. One notable change from the legacy OTTI model is when evaluating whether credit loss exists, an entity may no longer consider the length of time fair value has been less than amortized cost. For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either criterion is met, the security’s amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors.
In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and a corresponding allowance for credit losses is recorded. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Changes in the allowance for credit losses are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Any impairment not recorded through an allowance for credit loss is recognized in other comprehensive income as a noncredit-related impairment. As of March 31, 2022, the Company determined that the
10

unrealized loss positions in AFS securities were not the result of credit losses, and therefore, an allowance for credit losses was not recorded. See Note 2 Investment Securities for more information.
Management has made a policy election to exclude accrued interest from the amortized cost basis of AFS debt securities and report accrued interest separately in accrued interest and other assets in the consolidated balance sheets. AFS debt securities are placed on non- accrual status when management no longer expects to receive all contractual amounts due, which is generally at 90 days past due. Accrued interest receivable is reversed against interest income when a security is placed on non-accrual status. Accordingly, the Company does not recognize an allowance for credit loss against accrued interest receivable. The majority of AFS debt securities as of March 31, 2022 and December 31, 2021 were issued by Government Sponsored Enterprises (“GSEs”) and U.S. agencies. As such, an allowance for credit losses is not considered necessary.
Collateral Dependent Financial Assets
Loans that do not share risk characteristics are evaluated on an individual basis. For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the operation or sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the NPV from the operation of the collateral. When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized costs basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell. The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset. Subsequent changes to the fair value of collateral, for which an ACL was previously recognized, will be reported as a provision (recovery) for credit losses.
The Bank uses the practical expedient and uses the fair value of the collateral, net of estimated selling costs, to determine the expected credit loss for most individually assessed collateral dependent loans .
Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposure
Financial instruments include off-balance sheet credit instruments such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded.

The Company records a reserve for unfunded commitments (“RUC”) on off-balance sheet credit exposures through a charge to provision for credit loss expense in the Company’s consolidated statements of operations. The RUC on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the CECL model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur, and is included in Other Liabilities on the Company’s consolidated balance sheets.

See Note 1 – Summary of Significant Accounting Policies included in the Company’s 2021 Annual Report on Form 10-K for a list of policies in effect as of December 31, 2021.
Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”)
Adopted New Accounting Standard
ASU 2016-13 Financial Instruments – Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments. ASU 2016-13 significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard replaced the existing “incurred loss” approach with an “expected loss” model. The new model, referred to as the current expected credit loss (“CECL”) model, applies to (1) financial assets subject to credit losses and measured at amortized cost, and (2) certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, HTM securities, loan commitments, and financial guarantees. Credit losses relating to AFS debt securities will be recorded through an allowance for credit losses. The ASU also simplifies the accounting model for Purchase Credit Impaired (“PCI”) debt securities and loans. ASU 2016-13 also expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for loan and lease losses. In addition, entities will need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach).
In December 2019, the FASB issued ASU No 2019-10, Financial Instruments - Credit Losses (Topic 326). This update amends the effective date of ASU 2016-13 for certain entities, including smaller reporting companies until fiscal years beginning after December 15, 2022, including interim periods within those fiscal periods. Early adoption was permitted. The FASB has issued other ASUs that clarify items related to ASU 2016-13. The Company adopted this guidance effective January 1, 2022.
11

The Company's estimates are derived using one-year reasonable and supportable economic forecasts with subsequent one-year reversion to the historical mean loss rates. For loans that share similar risk characteristics and are collectively assessed, the Company uses a probability of default/loss given default cash flow method to determine the expected losses at the loan level. Loans that do not share similar risk characteristics are evaluated on an individual basis. Based on forecasted economic conditions and portfolio balances as of January 1, 2022, we recognized an increase to the opening allowance for credit losses of $2.5 million. The increase is primarily related to the change in methodology from estimating losses incurred as of the balance sheet date to estimating lifetime credit losses required by the CECL standard.
The impact of adoption was not significant to the Bank's regulatory capital. The Bank did not elect to phase-in, over a three-year period, the standard's initial impact on regulatory capital as permitted by the regulatory transition rules.
ASU 2019-05 - Financial Instruments-Credit Losses (Topic 326). In May 2019, the FASB issued ASU No. 2019-05. This ASU allows entities to irrevocably elect, upon adoption of ASU 2016-13, the fair value option for financial instruments that (1) were previously recorded at amortized cost and (2) are within the scope of ASC 326-20 if the instruments are eligible for the fair value option under ASC 825-10. The fair value option election does not apply to HTM debt securities. Entities are required to make this election on an instrument-by-instrument basis. The Company adopted ASU 2019-05 concurrently upon adoption of ASU 2016-13. The adoption of CECL did not have a material effect on available-for-sale securities, which are predominantly composed of mortgage-backed securities issued by government sponsored entities and U.S. agencies and U.S. government obligations.
Pending adoption
ASU 2020-04 - Reference Rate Reform (Topic 848). In March 2020, the FASB issued guidance to provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The amendments are effective as of March 12, 2020 through December 31, 2022. The Company does not expect these amendments to have a material effect on its Consolidated Financial Statements.
ASU Update 2022-02 Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. ASU Update 2022-02 eliminates the TDR recognition and measurement guidance and, instead required that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendments enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. In addition, ASU Update 2022-02 requires that an entity disclosure current-period gross write-offs by year of origination for financing receivables and net investment in leases. Entities have the option to apply a modified retrospective transition method for TDRs. The disclosure amendments in the Update 2022-02 will be applied prospectively. The amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its Consolidated Financial Statements.
12

NOTE 2 – INVESTMENT SECURITIES
Amortized cost and fair values of investment securities at March 31, 2022 and December 31, 2021 are summarized as follows:
March 31, 2022
(dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value
AFS Securities
Asset-backed securities issued by GSEs and U.S. Agencies
Residential Mortgage Backed Securities ("MBS") $ 127,828  $ 172  $ 6,480  $ 121,520 
Residential Collateralized Mortgage Obligations ("CMOs") 197,548  85  7,834  189,799 
U.S. Agency 14,488  —  1,078  13,410 
Asset-backed securities ("ABSs") issued by Others:
Residential CMOs 199  199 
Student Loan Trust ABSs 54,425  147  1,103  53,469 
Municipal bonds 98,889  16  8,078  90,827 
Corporate bonds
3,000  —  40  2,960 
U.S. government obligations 36,805  —  1,462  35,343 
Total AFS Securities
$ 533,182  $ 423  $ 26,078  $ 507,527 
Equity securities carried at fair value through income
CRA investment fund $ 4,562  $ —  $ —  $ 4,562 
Non-marketable equity securities
Other equity securities $ 207  $ —  $ —  $ 207 
Total Investment Securities
$ 537,951  $ 423  $ 26,078  $ 512,296 
December 31, 2021
(dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value
AFS Securities
Asset-backed securities issued by GSEs and U.S. Agencies
Residential MBS
$ 121,125  $ 1,057  $ 2,266  $ 119,916 
Residential CMOs
198,780  710  2,367  197,123 
U.S. Agency 14,433  11  140  14,304 
Asset-backed securities issued by Others:
Residential CMOs 220  221 
Student Loan Trust ABSs 56,422  438  286  56,574 
Municipal bonds 92,556  1,169  884  92,841 
U.S. government obligations 16,942  —  82  16,860 
Total AFS Securities
$ 500,478  $ 3,390  $ 6,029  $ 497,839 
Equity securities carried at fair value through income
CRA investment fund $ 4,772  $ —  $ —  $ 4,772 
Non-marketable equity securities
Other equity securities $ 207  $ —  $ —  $ 207 
Total Investment Securities
$ 505,457  $ 3,390  $ 6,029  $ 502,818 
13

The Company elected to exclude accrued interest receivable (“AIR”) from the amortized cost basis of debt securities disclosed throughout this footnote. AFS debt securities, AIR totaled $1.2 million and $1.1 million as of March 31, 2022, and December 31, 2021, respectively. AIR is included in the “accrued interest receivable” line item on the Company’s consolidated statements of condition.
At March 31, 2022 and December 31, 2021 securities with an amortized cost of $55.0 million and $50.9 million were pledged to secure certain customer deposits.
During the quarter ended March 31, 2022, the Company did not sell any securities. During the year ended December 31, 2021, the Company recognized net gains of $0.6 million on the sale of AFS securities with aggregate carrying values of $11.9 million.
The Company does not believe that the AFS debt securities that were in an unrealized loss position as of March 31, 2022, which were comprised of 295 individual securities, represent a credit loss impairment. As of March 31, 2022, and December 31, 2021, the gross unrealized loss positions were primarily related to mortgage-backed securities issued by U.S. government agencies or U.S. government sponsored enterprises. These securities carry the explicit and/or implicit guarantee of the U.S. government, are widely recognized as “risk free,” and have a long history of zero credit loss. The Company also performed credit review on municipal bonds issued by States and Political Subdivisions and asset backed securities issued by Student Loan Trust. Total gross unrealized losses were primarily attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. The Company does not intend to sell the investment securities that were in an unrealized loss position, and it is not more likely than not that the Company will be required to sell the investment securities before recovery of their amortized cost basis, which may be at maturity. Management believes that the securities will either recover in market value or be paid off as agreed.
AFS Securities
Gross unrealized losses and estimated fair value by length of time that individual AFS securities have been in a continuous unrealized loss position at March 31, 2022, and December 31, 2021 were as follows:
March 31, 2022 Less Than 12 Months More Than 12 Months Total
(dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Losses
Asset-backed securities issued by GSEs and U.S. Agencies $ 190,094  $ 10,820  $ 106,161  $ 4,572  $ 296,255  $ 15,392 
Asset-backed securities issued by Others —  —  44  44 
Student Loan Trust ABSs 17,882  716  24,890  387  42,772  1,103 
Municipal bonds 56,379  5,774  33,041  2,304  89,420  8,078 
Corporate bonds 2,960  40  —  —  2,960  40 
U.S. government obligations 25,896  959  9,447  503  35,343  1,462 
$ 293,211  $ 18,309  $ 173,583  $ 7,769  $ 466,794  $ 26,078 
December 31, 2021 Less Than 12 Months More Than 12 Months Total
(dollars in thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Losses
Asset-backed securities issued by GSEs and U.S. Agencies $ 205,891  $ 3,997  $ 41,327  $ 776  $ 247,218  $ 4,773 
Asset-backed securities issued by Others —  —  57  57 
Student Loan Trust ABSs 21,640  281  2,226  23,866  286 
Municipal bonds 47,314  776  6,696  108  54,010  884 
U.S. government obligations 14,860  82  1,999  —  16,859  82 
$ 289,705  $ 5,136  $ 52,305  $ 893  $ 342,010  $ 6,029 
14

Maturities
The amortized cost and estimated fair value of debt securities at March 31, 2022, and December 31, 2021 by contractual maturity, are shown below. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call premiums or prepayment penalties.
March 31, 2022 December 31, 2021
(dollars in thousands) Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value
Within one year $ 36,359  $ 34,610  $ 36,859  $ 36,665 
Over one year through five years 146,286  139,247  121,308  120,668 
Over five years through ten years 196,631  187,170  191,166  190,158 
After ten years 153,906  146,500  151,145  150,348 
Total AFS securities $ 533,182  $ 507,527  $ 500,478  $ 497,839 
15

NOTE 3 – LOANS
Portfolio loans, net of deferred costs and fees, are summarized by type as follows at March 31, 2022:
  March 31, 2022
(dollars in thousands) Total % of Total Loans
Portfolio Loans:
Commercial real estate $ 1,177,761  72.28  %
Residential first mortgages 86,416  5.30  %
Residential rentals 191,065  11.73  %
Construction and land development 30,649  1.88  %
Home equity and second mortgages 26,445  1.62  %
Commercial loans 48,948  3.00  %
Consumer loans 3,592  0.22  %
Commercial equipment 64,662  3.97  %
Total portfolio loans (1)
1,629,538  100.00  %
Less: Allowance for Credit Losses (21,382) (1.31) %
Total net portfolio loans 1,608,156 
U.S. SBA PPP loans (1)
15,279 
Total net loans $ 1,623,435 
Portfolio loans are summarized by type as follows at December 31, 2021:
Portfolio Loans: December 31, 2021
Commercial real estate $ 1,115,485  70.66  %
Residential first mortgages 91,120  5.77  %
Residential rentals 195,035  12.35  %
Construction and land development 35,590  2.25  %
Home equity and second mortgages 25,638  1.62  %
Commercial loans 50,574  3.20  %
Consumer loans 3,002  0.19  %
Commercial equipment 62,499  3.96  %
Gross portfolio loans (1)
1,578,943  100.00  %
Adjustments:
Net deferred costs (133) (0.01) %
Allowance for loan losses (18,417) (1.17) %
(18,550)
Net portfolio loans 1,560,393 
Gross U.S. SBA PPP loans (1)
27,276 
Net deferred fees (878)
Net U.S. SBA PPP Loans 26,398 
Total net loans $ 1,586,791 
Total gross loans $ 1,606,219 
(1)Excludes accrued interest receivable of $4.2 million and $4.5 million, at March 31, 2022 and December 31, 2021, respectively.
The Company has segregated its loans into portfolio loans and U.S. SBA PPP loans at December 31, 2021.
16

Deferred Costs/Fees
Portfolio net deferred costs of $0.2 million at March 31, 2022 included deferred fees paid by customers of $4.2 million offset by deferred costs of $4.0 million. Deferred loan costs include premiums paid for the purchase of residential first mortgages and deferred loan origination costs in accordance with ASC 310-20. Net deferred loan costs of $0.1 million at December 31, 2021 included deferred fees paid by customers of $4.1 million offset by deferred costs of $4.0 million.
U.S. SBA PPP loan net deferred fees of $0.5 million at March 31, 2022 included deferred fees paid by the U.S. SBA of $0.5 million partially offset by deferred costs of $41,000. U.S. SBA PPP net deferred loan fees of $0.9 million at December 31, 2021 included deferred fees paid by the SBA of $1.0 million offset by deferred costs of $0.1 million. The net deferred fees are being amortized as a component of interest income through the contractual maturity date of each U.S. SBA PPP loan. Net deferred fees include fees (deferred fees) paid to participant banks for each U.S. SBA PPP loan underwritten and funded net of costs incurred to underwrite the loans (deferred costs). Net deferred fees will be recognized in income when the U.S. SBA PPP loan is forgiven or paid.
Risk Characteristics of Portfolio Segments
Concentrations of Credit - Loans are primarily made within the Company’s operating footprint of Southern Maryland and the greater Fredericksburg area of Virginia. Real estate loans can be affected by the condition of the local real estate market. Commercial and industrial loans can be affected by the local economic conditions. The commercial loan portfolio has business loans secured by real estate and real estate development loans. At March 31, 2022 and December 31, 2021, the Company had no loans outstanding with foreign entities.
The Company manages its credit products and exposure to credit losses (credit risk) by the following specific portfolio segments (classes), which are levels at which the Company develops and documents its allowance for loan loss methodology. These segments are:
Commercial Real Estate (“CRE”)
Commercial and other real estate projects include office, medical and professional buildings, retail locations, churches, other special purpose buildings and commercial construction. Commercial construction balances were 6.7% and 6.5% of the CRE portfolio at March 31, 2022 and December 31, 2021, respectively. The Bank offers both fixed-rate and adjustable-rate loans under these product lines. The primary security on a commercial real estate loan is the real property and the leases that produce income for the real property. Loans secured by commercial real estate are generally limited to 80% of the lower of the appraised value or sales price at origination and have an initial contractual loan payment period ranging from three to 20 years.
Because payments on loans secured by such properties are often dependent on the successful operation or management of the properties, repayment of such loans may be subject to adverse conditions in the real estate market or the economy.
Residential First Mortgages
Residential first mortgage loans are generally long-term (10 to 30 years) amortizing loans. The Bank’s residential portfolio has both fixed-rate and adjustable-rate residential first mortgages.
The annual and lifetime limitations on interest rate adjustments may constrain interest rate increases on these loans. There are also credit risks resulting from potential increased costs to the borrower as a result of repricing of adjustable-rate mortgage loans. During periods of rising interest rates, the risk of default on adjustable-rate mortgage loans may increase due to the upward adjustment of interest cost to the borrower. The Bank’s adjustable rate residential first mortgage portfolio was $15.1 million or 0.9% of total portfolio loans of $1.6 billion at March 31, 2022 compared to $18.9 million or 1.2% of total gross portfolio loans of $1.6 billion at December 31, 2021.
The Bank generally retains the right to service loans sold for a payment based upon a percentage (generally 0.25% of the outstanding loan balance). As of March 31, 2022 and December 31, 2021, the Bank serviced $21.4 million and $20.9 million, respectively, in residential mortgage loans for others.
Residential Rentals
Residential rental mortgage loans are amortizing long-term loans. Loans secured by residential rental properties are generally limited to 80% of the lower of the appraised value or sales price at origination and have an initial contractual loan payment period ranging from three to 20 years. During periods of rising interest rates, the risk of default on adjustable-rate mortgage loans may increase due to the upward adjustment of interest cost to the borrower.
Loans secured by residential rental properties involve greater risks than 1-4 family residential mortgage loans. Although, there are similar risk characteristics shared with commercial real estate loans, the balances for the loans secured by residential rental properties are generally smaller. Payments on loans secured by residential rental properties are dependent on the successful operation of the properties; and repayment of these loans may be subject to adverse conditions in the rental real estate market or the economy than similar owner-occupied properties.
17

Construction and Land Development
The Bank offers loans for the construction of residential dwellings. These loans are secured by the real estate under construction as well as by guarantees of the principals involved. In addition, the Bank offers loans to acquire and develop land. Construction and Land Development loans are dependent on the successful completion of the underlying project, or the borrowers guarantee to repay the loan. As such, they are subject to the risks of the project including changing prices and interest rates. The repayment of these loans is also dependent on the borrower’s ability to successfully manage the construction and development activities.
Home Equity and Second Mortgage Loans
The Bank maintains a portfolio of home equity and second mortgage loans. These products contain a higher risk of default than residential first mortgages as in the event of foreclosure, the first mortgage would need to be paid off prior to collection of the second mortgage.
Commercial Loans
Commercial loans including lines of credit are short-term loans (5 years or less) that are secured by the equipment financed, the guarantees of the borrower, and other collateral. These loans are dependent on the success of the underlying business or the strength of the guarantor.
Consumer Loans
Consumer loans consist of loans secured by automobiles, boats, recreational vehicles and trucks. The Bank also makes home improvement loans and offers both secured and unsecured personal lines of credit and credit card loans. The repayment of these loans is dependent on the continued financial stability of the customer.
Commercial Equipment Loans
These loans consist primarily of fixed-rate, short-term loans collateralized by a commercial customer’s equipment or secured by real property, accounts receivable, or other security as determined by the Bank. Commercial loans are of higher risk and these loans are dependent on the success of the underlying business or the strength of the guarantor.
U.S. SBA PPP Loans
U.S. SBA PPP loans are fully guaranteed by the Small Business Administration and the Bank's ACL does not include an allowance for U.S. SBA PPP loans. Management believes all U.S. SBA PPP loans were underwritten in accordance with the program's guidelines.


18

Loans
Non-accrual loans as of March 31, 2022 and December 31, 2021 were as follows:
March 31, 2022
(dollars in thousands) Nonaccrual with No Allowance for Credit Losses Nonaccrual with
Allowance for Credit Losses
Total Nonaccrual Loans
Commercial real estate $ 4,899  $ 89  $ 4,988 
Residential first mortgages 736  —  736 
Residential rentals 672  —  672 
Home equity and second mortgages 377  —  377 
Commercial loans —  25  25 
Commercial equipment 500  166  666 
U.S. SBA PPP — 
Total $ 7,185  $ 280  $ 7,465 
Interest Income on Nonaccrual Loans $ 40  $ —  $ 40 
  December 31, 2021
(dollars in thousands) Non-accrual Delinquent Loans Non-accrual Current Loans Total Non-accrual Loans
Commercial real estate $ —  $ 4,890  $ 4,890 
Residential first mortgages 450  —  450 
Residential rentals 252  690  942 
Home equity and second mortgages 202  399  601 
Commercial equipment —  691  691 
U.S. SBA PPP loans 57  —  57 
$ 961  $ 6,670  $ 7,631 
Non-accrual loans decreased $0.2 million from $7.6 million or 0.48% of total loans at December 31, 2021 to $7.5 million or 0.45% of total loans at March 31, 2022. Loans can be current but classified as non-accrual due to customer operating results or payment history. All interest accrued but not collected from loans that are placed on non-accrual or charged-off is reversed against interest income. In accordance with the Company’s policy, such interest income is recognized on a cash basis or cost-recovery method, until qualifying for return to accrual status.
At December 31, 2021, there were $6.7 million (87%) of non-accrual loans were current with all payments of principal and interest with no impairment and $1.0 million (13%) of non-accrual loans were delinquent with specific valuation reserves of $0.3 million.
Loan delinquency (total past due) increased $0.2 million from $1.4 million, or 0.09% of loans, at December 31, 2021 to $1.6 million, or 0.10% of loans, at March 31, 2022.
Non-accrual loans at March 31, 2022 and December 31, 2021 included no delinquent TDRs. Non-accrual loans on which the recognition of interest has been discontinued, which did not have a specific allowance for impairment, amounted to $7.2 million and $7.4 million at March 31, 2022 and December 31, 2021, respectively. Interest due but not recognized on these balances at March 31, 2022 and December 31, 2021 was $0.1 million and $0.1 million, respectively. Non-accrual loans with a specific allowance for impairment amounted to $0.3 million and $0.3 million at March 31, 2022 and December 31, 2021, respectively. Interest due but not recognized on these balances at March 31, 2022 and December 31, 2021 was $2,000 and $1,000, respectively.
The Company considers a loan to be past due or delinquent when the terms of the contractual obligation are not met by the borrower. PCI loans are included as a single category in the table below as management believes there is a lower likelihood of aggregate loss related to these loan pools. Additionally, PCI loans are discounted to allow for the accretion of income on a level yield basis over the life of the loan based on expected cash flows. Regardless of payment status, as long as cash flows can be reasonably estimated, the associated discount on these loan pools results in income recognition. An analysis of days past due ("DPD") loans as of March 31, 2022 and December 31, 2021 were as follows:
19

  March 31, 2022
(dollars in thousands) 31-60 DPD 61-89 DPD 90 DPD and
Still Accruing
Current Non-Accrual Total Loans Current Non-Accrual
Commercial real estate $ —  $ —  $ —  $ 1,172,773  $ 4,988  $ 1,177,761  $ 4,516 
Residential first mortgages —  —  —  85,680  736  86,416  276 
Residential rentals 281  —  —  190,112  672  191,065  672 
Construction and land development 51  —  —  30,598  —  30,649  — 
Home equity and second mortgages —  —  —  26,068  377  26,445  95 
Commercial loans 30  —  —  48,893  25  48,948  25 
Consumer loans 15  20  3,556  —  3,592  — 
Commercial equipment —  —  —  63,996  666  64,662  666 
U.S. SBA PPP —  —  15,270  15,279  — 
Total Loans $ 363  $ 23  $ 20  $ 1,636,946  $ 7,465  $ 1,644,817  $ 6,250 
  December 31, 2021
(dollars in thousands) 31-60 Days 61-89 Days 90 or Greater Days Total Past Due PCI Loans Current Total Loan Receivables
Commercial real estate $ —  $ —  $ —  $ —  $ 1,116  $ 1,114,369  $ 1,115,485 
Residential first mortgages —  277  450  727  —  90,393  91,120 
Residential rentals —  42  252  294  —  194,741  195,035 
Construction and land development —  —  —  —  —  35,590  35,590 
Home equity and second mortgages 200  —  202  402  —  25,236  25,638 
Commercial loans —  —  —  —  —  50,574  50,574 
Consumer loans —  —  —  —  —  3,002  3,002 
Commercial equipment —  —  —  —  —  62,499  62,499 
Total portfolio loans $ 200  $ 319  $ 904  $ 1,423  $ 1,116  $ 1,576,404  $ 1,578,943 
U.S. SBA PPP loans $ $ 40  $ 57  $ 106  $ —  $ 27,170  $ 27,276 
There were no loans that were past due 90 days or greater accruing interest at December 31, 2021.
Allowance for Credit Losses ("ACL")
The following tables detail activity in the ACL at and for the three months ended March 31, 2022 and 2021, respectively. An allocation of the allowance to one category of loans does not prevent the Company from using that allowance to absorb losses in a different category.
Three Months Ended March 31, 2022
(dollars in thousands) Beginning Balance Impact of ASC 326 Adoption Charge-offs Recoveries Provisions Ending Balance
Commercial real estate $ 13,095  $ 3,734  $ —  $ —  $ 484  $ 17,313 
Residential first mortgages 1,002  (679) —  —  (39) 284 
Residential rentals 2,175  (586) —  —  (43) 1,546 
Construction and land development 260  (82) —  —  (41) 137 
Home equity and second mortgages 274  (86) —  —  (10) 178 
Commercial loans 582  (290) —  26  319 
Consumer loans 58  —  —  13  73 
Commercial equipment 971  483  —  18  60  1,532 
  $ 18,417  $ 2,496  $ —  $ 19  $ 450  $ 21,382 
_______________________________________
**There is no allowance for loan loss on the SBA PPP portfolios. A more detailed rollforward schedule will be presented if an allowance is required.
20

Three Months Ended March 31, 2021
(dollars in thousands) Beginning Balance Charge-offs Recoveries Provisions Ending Balance
Commercial real estate $ 13,744  $ (1,247) $ $ 787  $ 13,285 
Residential first mortgages 1,305  (142) —  (139) 1,024 
Residential rentals 1,413  (46) —  (6) 1,361 
Construction and land development 401  —  —  (36) 365 
Home equity and second mortgages 261  —  263 
Commercial loans 1,222  (50) (165) 1,012 
Consumer loans 20  —  —  29 
Commercial equipment 1,058  —  15  (156) 917 
$ 19,424  $ (1,485) $ 22  $ 295  $ 18,256 
Purchase Credit Impaired** $ —  $ —  $ —  $ —  $ — 
_______________________________________
**There is no allowance for loan loss on the PCI or the SBA PPP portfolios. A more detailed rollforward schedule will be presented if an allowance is required.
The following table presents the amortized cost basis of collateral-dependent loans by class of loans.
March 31, 2022
(dollars in thousands) Business/Other Assets Real Estate
Commercial real estate $ —  $ 4,987 
Residential first mortgages —  1,149 
Residential rentals —  672 
Home equity and second mortgages —  376 
Commercial loans 25  — 
Commercial equipment 1,109  — 
Total $ 1,134  $ 7,184 
21

Credit Quality Indicators
Credit quality indicators as of March 31, 2022 were as follows:
Credit Risk Profile by Internally Assigned Grade
The risk category of loans by class of loans is as follows:
Term Loans by Origination Year
(dollars in thousands) Prior 2018 2019 2020 2021 2022 Revolving Loans Total
Commercial Real Estate
Pass $ 367,685  $ 77,563  $ 122,999  $ 196,400  $ 281,702  $ 111,430  $ —  $ 1,157,779 
Watch —  4,253  —  5,564  —  7,012  —  16,829 
Special Mention —  —  —  —  —  —  —  — 
Substandard 3,153  —  —  —  —  —  —  3,153 
Total $ 370,838  $ 81,816  $ 122,999  $ 201,964  $ 281,702  $ 118,442  $ —  $ 1,177,761 
Residential Rentals
Pass $ 47,557  $ 4,788  $ 23,584  $ 44,156  $ 67,567  $ 2,741  $ —  $ 190,393 
Watch —  —  —  —  —  —  —  — 
Special Mention —  —  —  —  —  —  —  — 
Substandard 672  —  —  —  —  —  —  672 
Total $ 48,229  $ 4,788  $ 23,584  $ 44,156  $ 67,567  $ 2,741  $ —  $ 191,065 
Construction and Land Development
Pass $ 8,560  $ 10,797  $ 6,642  $ 1,669  $ 2,968  $ 13  $ —  $ 30,649 
Watch —  —  —  —  —  —  —  — 
Special Mention —  —  —  —  —  —  —  — 
Substandard —  —  —  —  —  —  —  — 
Total $ 8,560  $ 10,797  $ 6,642  $ 1,669  $ 2,968  $ 13  $ —  $ 30,649 
Commercial Loans
Pass $ 27,484  $ 6,331  $ 5,006  $ 1,848  $ 6,865  $ 1,414  $ —  $ 48,948 
Watch —  —  —  —  —  —  —