STAUNTON, Va., July 28, 2010 (GLOBE NEWSWIRE) -- Community Financial Corporation (Nasdaq:CFFC), a holding company whose sole subsidiary is Community Bank, Staunton, Virginia, today reported earnings for the first quarter of its fiscal year ending March 31, 2010. For the quarter ended June 30, 2010, Community Financial reported earnings of $988,000 compared to $720,000 for the same period last year. After payment of preferred dividends, net income available to common stockholders totaled $800,000 or $0.18 per diluted common share for the current quarter compared to $532,000 or $0.12 per diluted common share for the same quarter last year. The increase in net income for the current quarter compared to the June 30, 2009 quarter was due primarily to an increase in net interest income partially offset by an increase in the provision for loan losses.
Community Financial Announces First Quarter Earnings
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