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Press Release: The Community Financial -10-

· 02/05/2021 09:28
December September June 30, March 31, December BY LOAN TYPE 31, 2020 % 30, 2020 % 2020 % 2020 % 31, 2019 % --------------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- Portfolio Type: Commercial real estate $1,049,147 69.75 % $1,021,987 68.29 % $ 996,111 66.73 % $ 977,678 65.61 % $ 964,777 66.34 % Residential first mortgages 133,779 8.89 147,756 9.87 165,670 11.10 170,795 11.46 167,710 11.53 Residential rentals 139,059 9.24 137,950 9.22 132,590 8.88 133,016 8.93 123,601 8.50 Construction and land development 37,520 2.49 36,061 2.41 37,580 2.52 38,627 2.59 34,133 2.35 Home equity and second mortgages 29,129 1.94 31,427 2.10 33,873 2.27 35,937 2.41 36,098 2.48 Commercial loans 52,921 3.52 58,894 3.94 63,249 4.24 70,971 4.76 63,102 4.34 Consumer loans 1,027 0.07 1,081 0.07 1,117 0.07 1,134 0.08 1,104 0.08 Commercial equipment 61,693 4.10 61,376 4.10 62,555 4.19 61,931 4.16 63,647 4.38 ---------- ---------- ---------- ---------- ---------- Gross portfolio loans 1,504,275 100.00 % 1,496,532 100.00 % 1,492,745 100.00 % 1,490,089 100.00 % 1,454,172 100.00 % Net deferred costs 1,264 0.08 % 1,610 0.11 % 2,072 0.14 % 2,059 0.14 % 1,879 0.13 % Allowance for loan losses (19,424) (1.29) % (18,829) (1.26) % (16,319) (1.09) % (15,061) (1.01) % (10,942) (0.75) % ---------- ---------- ---------- ---------- ---------- (18,160) (17,219) (14,247) (13,002) (9,063) ---------- ---------- ---------- ---------- ---------- Net portfolio loans $1,486,115 $1,479,313 $1,478,498 $1,477,087 $1,445,109 ========= ========= ========= ========= ========= U.S. SBA PPP loans $ 110,320 $ 131,088 $ 129,384 $ -- $ -- Net deferred fees (2,360) (3,277) (3,746) -- -- ---------- ---------- ---------- ---------- ---------- Net SBA PPP loans $ 107,960 $ 127,811 $ 125,638 $ -- $ -- --------- --------- --------- --------- ------------------- ---------- ---------- ---------- Net loans (1) $1,546,304 $ 65,731 4.25 $1,371,637 $ 65,602 4.78 Taxable investment securities 214,187 4,832 2.26 227,693 6,414 2.82 Nontaxable investment securities 14,214 338 2.38 -- -- -- Interest-bearing deposits in other banks 19,444 110 0.57 8,719 237 2.72 Federal funds sold 20,890 62 0.30 7,577 200 2.64 ---------- ---------- ---------- ---------- Total Interest-Earning Assets 1,815,039 71,073 3.92 1,615,626 72,453 4.48 ---------- ---------- Cash and cash equivalents 68,651 23,044 Goodwill 10,835 10,835 Core deposit intangible 1,837 2,479 Other assets 88,913 91,464 ---------- ---------- Total Assets $1,985,275 $1,743,448 ========= ========= Liabilities and Stockholders' Equity Noninterest-bearing demand deposits $ 324,597 $ -- --% $ 226,964 $ -- --% Interest-bearing liabilities: Savings 84,463 85 0.10 70,130 70 0.10 Interest-bearing demand and money market accounts 850,023 2,386 0.28 710,709 6,771 0.95 Certificates of deposit 370,743 5,210 1.41 448,924 8,537 1.90 ---------- ---------- ---------- ---------- Total Interest-bearing deposits 1,305,229 7,681 0.59 1,229,763 15,378 1.25 ---------- ---------- ---------- ---------- Total Deposits 1,629,826 7,681 0.47 1,456,727 15,378 1.06 Debt: Long-term debt 53,615 1,373 2.56 32,702 743 2.27 Short-term borrowings 8,156 111 1.36 30,965 774 2.50 PPPLF Advances 60,360 211 0.35 -- -- -- Subordinated Notes 7,953 395 4.97 23,000 1,438 6.25 Guaranteed preferred beneficial interest in junior subordinated debentures 12,000 385 3.21 12,000 586 4.88 ---------- ---------- ---------- ---------- Total Debt 142,084 2,475 1.74 98,667 3,541 3.59 ---------- ---------- ---------- ---------- Total Interest-Bearing Liabilities 1,447,313 10,156 0.70 1,328,430 18,919 1.42 ---------- ---------- ---------- ---------- Total funds 1,771,910 10,156 1,555,394 18,919 Other liabilities 22,645 24,118 Stockholders' equity 190,720 163,936 ---------- ---------- Total Liabilities and Stockholders' Equity $1,985,275 $1,743,448 ========= ========= Net interest income $ 60,917 $ 53,534 ====== ====== Interest rate spread 3.22% 3.06% ------- ------- Net yield on interest-earning assets 3.36% 3.31% ------- ------- Average interest-earning assets to average interest bearing liabilities 125.41% 121.62% ------- ------- Average loans to average deposits 94.88% 94.16% ------- ------- Average transaction deposits to total average deposits ** 77.25% 69.18% ------- ------- Cost of funds 0.57% 1.22% ------- ------- Cost of deposits 0.47% 1.06% ------- ------- Cost of debt 1.74% 3.59% ------- -------

(1) Loan average balance includes non-accrual loans. There are no tax equivalency adjustments. There was $0.6 million and $0.9 million of accretion interest years ended December 31, 2020 and 2019, respectively.

** Transaction deposits exclude time deposits.

SUMMARY OF LOAN PORTFOLIO (UNAUDITED)

(dollars in thousands)

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