STAUNTON, Va., Feb. 11, 2011 (GLOBE NEWSWIRE) -- Community Financial Corporation (Nasdaq:CFFC), a holding company whose sole subsidiary is Community Bank, Staunton, Virginia, today reported earnings for the quarter and nine months ended December 31, 2010. For the quarter ended December 31, 2010, Community Financial reported earnings of $27,000 or $(.04) loss per diluted share, compared to $832,000 or $.15 per diluted share for the same period last year. The diluted earnings per share are after the payment of dividends on preferred stock. Net income for the current quarter compared to the December 31, 2009 quarter decreased due to an increase in the provision for loan losses of $909,000 in the 2010 quarter partially offset by an increase in net interest income of $230,000 and an increase in non-interest income of $74,000.
Community Financial Reports Quarterly And Nine Month Earnings
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