7/20/2010
Tri-County Financial Corporation Announces Earnings For Second Quarter

WALDORF, Md., July 20, 2010 - Tri-County Financial Corporation (the "Company'), the holding company for Community Bank of Tri-County (the "Bank"), today reported earnings for the three and six months ended June 30, 2010.  Consolidated net income available to common shareholders for the quarter ended June 30, 2010 increased $513,870, or 165.51%, to $824,352 or $0.27 per common share (fully diluted) based on 3,001,742 diluted weighted average common shares outstanding compared to $310,482 or $0.10 per common share (fully diluted) based on 2,985,767 diluted weighted average common shares outstanding for the quarter ended June 30, 2009.

Consolidated net income available to common shareholders for the six months ended June 30, 2010 increased $1,108,454, or 127.62%, to $1,977,043 or $0.66 per common share (fully diluted) based on 2,999,233 diluted weighted average common shares outstanding compared to $868,589 or $0.29 per common share (fully diluted) based on 2,989,062 diluted weighted average common shares outstanding for the six months ended June 30, 2009.

"Earnings during the first half of 2010 increased by $0.37 per share over the comparable period in 2009 and reflect our focus to return the Company to its recent performance trends. We are proud of being the community banking leader in Southern Maryland and believe that we will continue our role as an economic engine for the local marketplace," said Michael Middleton, Tri-County Financial Corporation Chairman, President and CEO. "Our success in the current year is attributable to an increase in net interest income, growth in the loan portfolio, control of funding costs and the prudent management of our nonperforming loans. The Southern Maryland market has been resilient through this crisis and is enabling us to maintain flexibility in our loan workouts and foreclosures."  


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