#1 On August 20, 2020, the reporting person was granted performance share units ("PSUs") which would vest upon the achievement of certain performance goals. On March 6, 2023, the Compensation Committee of The Community Financial Corporation's Board of Directors determined that the performance goals had been satisfied, resulting in the vesting of the PSUs on March 6, 2023.

#2 The number of shares held directly includes certain shares that were previously held by restricted stock and restricted stock units which have subsequently vested.

#3 Represents restricted stock units that vest in 3 annual installments beginning on March 6, 2024, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.

#1 Amount reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under The Community Financial Corporation Dividend Reinvestment Plan pursuant to Rule 16a-11.

#1 Disposed of in connection with the Agreement and Plan of Merger by and among the Issuer and Shore Bancshares, Inc. ("SHBI"), dated December 14, 2022 (the "Merger Agreement"), pursuant to which the Issuer was merged with and into SHBI on July 1, 2023 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into the right to receive 2.3287 shares of SHBI common stock (the "Exchange Ratio") and cash in lieu of fractional shares. On June 30, 2023, the closing price of TCFC's common stock was $27.09 per share and the closing price of SHBI's common stock was $11.56 per share.

#2 At the Effective Time of the merger, pursuant to the terms of the Merger Agreement, each Issuer Restricted Stock Award ("TCFC RSA") was converted into a time-based restricted stock award denominated in shares of SHBI common stock based on the Exchange Ratio (rounded to the nearest whole share) ("SHBI RSAs") and remain subject to the same terms and conditions as applied immediately prior to the Effective Time. The total includes TCFC RSAs that will be converted to SHBI RSAs.

#3 At the Effective Time of the merger, pursuant to the terms of the Merger Agreement, each Issuer Restrictive Stock Unit was converted into a time-based restricted stock unit denominated in shares of SHBI common stock based on the Exchange Ratio (rounded to the nearest whole share) ("SHBI RSUs") and remain subject to the same terms and conditions as applied immediately prior to the Effective Time.

#1 Disposed of in connection with the Agreement and Plan of Merger by and among the Issuer and Shore Bancshares, Inc. ("SHBI"), dated December 14, 2022 (the "Merger Agreement"), pursuant to which the Issuer was merged with and into SHBI on July 1, 2023 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into the right to receive 2.3287 shares of SHBI common stock (the "Exchange Ratio") and cash in lieu of fractional shares. On June 30, 2023, the closing price of TCFC's common stock was $27.09 per share and the closing price of SHBI's common stock was $11.56 per share.

#2 At the Effective Time of the merger, pursuant to the terms of the Merger Agreement, each Issuer Restricted Stock Award ("TCFC RSA") was converted into a time-based restricted stock award denominated in shares of SHBI common stock based on the Exchange Ratio (rounded to the nearest whole share) ("SHBI RSAs") and remain subject to the same terms and conditions as applied immediately prior to the Effective Time. The total includes TCFC RSAs that will be converted to SHBI RSAs.

#3 At the Effective Time of the merger, pursuant to the terms of the Merger Agreement, each Issuer Restrictive Stock Unit was converted into a time-based restricted stock unit denominated in shares of SHBI common stock based on the Exchange Ratio (rounded to the nearest whole share) ("SHBI RSUs") and remain subject to the same terms and conditions as applied immediately prior to the Effective Time.