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Press Release: The Community Financial -9-

· 02/05/2021 09:28
For the Years Ended December 31, ---------------------------------------------------------------------------- 2020 2019 ------------------------------------- ------------------------------------- Average Average Average Average (dollars in thousands) Balance Interest Yield/Cost Balance Interest Yield/Cost ----------------------- ----------- ---------- ------------ ----------- ---------- ------------ Assets Interest-earning assets: Commercial real estate $ 993,478 $ 43,239 4.35% $ 912,954 $ 43,016 4.71% Residential first mortgages 159,265 5,229 3.28 159,702 5,840 3.66 Residential rentals 132,524 5,841 4.41 121,912 6,186 5.07 Construction and land development 37,930 1,795 4.73 32,590 1,897 5.82 Home equity and second mortgages 33,458 1,334 3.99 36,330 2,066 5.69 Commercial and equipment loans 113,886 5,539 4.86 118,399 6,538 5.52 SBA PPP loans 90,345 2,704 2.99 -- -- -- Consumer loans 1,099 50 4.55 920 59 6.41 Allowance for loan losses (15,681) -- -- (11,170) -- ------------ ---------- ---------- ---------- Total Assets $2,074,707 $1,797,182 $2,074,707 $2,071,487 ========= ========= ========= ========= Liabilities and Stockholders' Equity Noninterest-bearing demand deposits $ 366,726 $ -- --% $ 243,728 $ -- --% $ 366,726 $ -- --% $ 351,951 $ -- --% Interest-bearing liabilities: Savings 96,529 17 0.07 68,855 17 0.10 96,529 17 0.07 89,036 20 0.09 Interest-bearing demand and money market accounts 948,449 268 0.11 771,542 1,785 0.93 948,449 268 0.11 848,981 313 0.15 Certificates of deposit 356,261 881 0.99 420,877 1,975 1.88 356,261 881 0.99 363,296 1,201 1.32 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total interest-bearing deposits 1,401,239 1,166 0.33 1,261,274 3,777 1.20 1,401,239 1,166 0.33 1,301,313 1,534 0.47 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total Deposits 1,767,965 1,166 0.26 1,505,002 3,777 1.00 1,767,965 1,166 0.26 1,653,264 1,534 0.37 Long-term debt 28,341 457 6.45 49,343 229 1.86 28,341 457 6.45 63,847 380 2.38 Short-term debt -- -- -- 14,565 65 1.79 -- -- -- 3,159 14 1.77 PPPLF Advance 32,677 29 0.35 -- -- -- 32,677 29 0.35 121,070 107 0.35 Subordinated Notes 16,888 211 5.00 23,000 359 6.24 16,888 211 5.00 -- -- -- Guaranteed preferred beneficial interest in junior subordinated debentures 12,000 78 2.60 12,000 136 4.53 12,000 78 2.60 12,000 80 2.67 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total Debt 89,906 775 3.45 98,908 789 3.19 89,906 775 3.45 200,076 581 1.16 Total Interest-Bearing Liabilities 1,491,145 1,941 1,360,182 4,566 1,491,145 1,941 1,501,389 2,115 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total Funds 1,857,871 1,941 1,603,910 4,566 1,857,871 1,941 1,853,340 2,115 Other liabilities 20,557 23,214 20,557 24,796 Stockholders' equity 196,279 170,058 196,279 193,351 ---------- ---------- ---------- ---------- Total Liabilities and Stockholders' Equity $2,074,707 $1,797,182 $2,074,707 $2,071,487 ========= ========= ========= ========= Net interest income $ 15,972 $ 13,713 $ 15,972 $ 15,368 ====== ====== ====== ====== Interest rate spread 3.29% 3.05% 3.29% 3.15% ------- ------- ------- ------- Net yield on interest-earning assets 3.40% 3.29% 3.40% 3.27% ------- ------- ------- ------- Average interest-earning assets to average interest bearing liabilities 126.18% 122.50% 126.18% 125.40% ------- ------- ------- ------- Average loans to average deposits 89.27% 93.65% 89.27% 96.51% ------- ------- ------- ------- Average transaction deposits to total average deposits ** 79.85% 72.03% 79.85% 78.03% ------- ------- ------- ------- Cost of funds 0.42% 1.14% 0.42% 0.46% ------- ------- ------- ------- Cost of deposits 0.26% 1.00% 0.26% 0.37% ------- ------- ------- ------- Cost of debt 3.45% 3.19% 3.45% 1.16% ------- ------- ------- -------

(1) Loan average balance includes non-accrual loans. There are no tax equivalency adjustments. There was $96,000, $240,000 and $111,000 of accretion interest for the three months ended December 31, 2020 and 2019, and September 30, 2020, respectively.

** Transaction deposits exclude time deposits.

AVERAGE CONSOLIDATED BALANCE SHEETS AND NET INTEREST INCOME (UNAUDITED)

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February 05, 2021 09:28 ET (14:28 GMT)