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The Community Financial (The Community Financial) Property, Plant and Equipment : $26.80 Mil (As of Mar. 2023)


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What is The Community Financial Property, Plant and Equipment?

The Community Financial's quarterly net PPE declined from Sep. 2022 ($27.65 Mil) to Dec. 2022 ($27.23 Mil) and declined from Dec. 2022 ($27.23 Mil) to Mar. 2023 ($26.80 Mil).

The Community Financial's annual net PPE declined from Dec. 2020 ($28.10 Mil) to Dec. 2021 ($27.55 Mil) and declined from Dec. 2021 ($27.55 Mil) to Dec. 2022 ($27.23 Mil).


The Community Financial Property, Plant and Equipment Historical Data

The historical data trend for The Community Financial's Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Community Financial Property, Plant and Equipment Chart

The Community Financial Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.92 30.04 28.10 27.55 27.23

The Community Financial Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.34 27.93 27.65 27.23 26.80

The Community Financial Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


The Community Financial  (NAS:TCFC) Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


The Community Financial Property, Plant and Equipment Related Terms

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The Community Financial (The Community Financial) Business Description

Traded in Other Exchanges
N/A
Address
3035 Leonardtown Road, Waldorf, MD, USA, 20601
The Community Financial Corp is a bank holding company for Community Bank of the Chesapeake (The bank). The company is engaged in providing financial services to individuals and businesses through its offices in Southern Maryland and Fredericksburg, Virginia. The company offers deposits like demand, savings, and time. Also, it offers lending products like commercial and residential mortgage loans, commercial loans, construction and land development loans, home equity, and second mortgages and commercial equipment loans.
Executives
John Anthony Chappelle other: EVP & CDO of Subsidiary C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Sanders Edward Lawrence Iii director C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Todd L Capitani officer: EVP & Senior Financial Officer 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Michael Brian Adams director C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Kimberly Briscoe-tonic director C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Mohammad Arshed Javaid director 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Rebecca Middleton Mcdonald director C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Tala Tay other: EVP & CRO of Subsidiary C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Brian Scot Ebron other: EVP & CBO-VA of Subsidiary C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Patrick Douglas Pierce other: EVP & CBO-MD of Subsidiary C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Lacey Amanda Pierce other: EVP & CAO of Subsidiary C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Slater A Joseph Jr director 3035 LEONARDTOWN ROAD, WALDORF MD 20601
William J Pasenelli officer: Executive V.P. & CFO 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Mary Todd Peterson director 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Stone Joseph V Jr director C/O TRI-COUNTY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601