COMMUNITY FINANCIAL CORPORATION -- CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME        
Loans $ 5,784,999 $ 6,560,198 $ 11,776,734 $ 13,381,644
Investment securities 62,851 21,107 113,065 30,574
Other interest income 52,646 40,783 112,764 119,581
Total interest income 5,900,496 6,622,088 12,002,563 13,531,799
INTEREST EXPENSE        
Deposits 608,171 861,474 1,240,456 1,815,701
Borrowed money 42,229 38,582 89,680 83,746
Total interest expense 650,400 900,056 1,330,136 1,899,447
NET INTEREST INCOME 5,250,096 5,722,032 10,672,427 11,632,352
PROVISION FOR LOAN LOSSES 1,803,136 1,123,022 1,987,548 1,829,275
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 3,446,960 4,599,010 8,684,879 9,803,077
NONINTEREST INCOME        
Service charges, fees and commissions 821,026 882,079 1,632,911 1,744,190
Other noninterest income 96,555 148,441 192,484 260,598
Total noninterest income 917,581 1,030,520 1,825,395 2,004,788
NONINTEREST EXPENSE        
Compensation and benefits 2,199,636 2,398,909 4,437,224 4,813,411
Occupancy 428,973 412,230 832,710 819,421
Data processing 398,984 442,336 796,112 886,052
Federal insurance premium 123,549 70,177 231,993 189,764
Advertising 129,263 95,943 282,164 198,708
Real estate owned and collection 15,730 699,861 435,703 2,264,503
Professional fees 236,286 65,280 398,563 95,426
Other noninterest expense 319,623 335,604 583,093 579,707
Total noninterest expense 3,852,044 4,520,340 7,997,562 9,846,992
INCOME BEFORE TAXES 512,497 1,109,190 2,512,712 1,960,873
INCOME TAX EXPENSE 171,157 400,013 953,730 703,697
NET INCOME 341,340 709,177 1,558,982 1,257,176
Effective Dividend on Preferred Stock 188,197 188,197 376,394 376,394
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 153,143 $ 520,980 $ 1,182,588 $ 880,782
BASIC EARNINGS PER COMMON SHARE $ 0.04 $ 0.12 $ 0.27 $ 0.20
DILUTED EARNINGS PER COMMON SHARE $ 0.03 $ 0.12 $ 0.27 $ 0.20
DIVIDENDS PER COMMON SHARE $ 0.00 $ 0.00 $ 0.00 $ 0.00