KBRA Releases Rating Report: The Community Financial Corporation
Kroll Bond Rating Agency (“KBRA”) has assigned a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term rating of K3, to The Community Financial Corporation (NASDAQ: TCFC), a bank holding company based in Waldorf, Maryland. KBRA has also assigned a deposit rating of BBB+ and a short-term rating of K2 to Community Bank of the Chesapeake (the “Bank”), The Community Financial Corporation’s subsidiary bank. The outlook on all ratings is stable.
The BBB+ rating is based on Community Bank of the Chesapeake’s financial fundamentals as indicated by robust capitalization, strong performance on KBRA’s stress tests, and consistent financial performance. However, the rating is also tempered by the Bank’s relatively high levels of nonperforming assets, moderately high efficiency ratio, and CRE lending concentrations, as well as moderate earnings metrics and lack of growth. All factors are also balanced against the lack of potential systemic support at the holding company level by the Federal Reserve System and other regulators due to the enactment of the Dodd-Frank Act in 2010.
Please click on the link below to access the report:
The Community Financial Corporation
If you have any difficulties accessing the report, please contact info@kbra.com or visit www.kbra.com.
Analytical Contacts:
Ben Stewart
(240) 394-4145
bstewart@kbra.com
Christopher Whalen
(646) 731-2366
cwhalen@kbra.com
Marjan Riggi
(646) 731-2354
mriggi@kbra.com