Schedule I- Financial Information of Registrant TFC Enterprises, Inc.

Balance Sheets

|                                                                                                                                     |                                            | December 31 |       
|------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------ | ----------- | ------
|                                                                                                                                     |                                            |             |       
|(in thousands)                                                                                                                       |                                            | 2002        |       
|                                                                                                                                     |                                            |             |       
|Assets                                                                                                                               |                                            |             |       
|Investment in subsidiaries                                                                                                           |                                            | $           | 26,084
|Intangible assets, net                                                                                                               |                                            |             | 649   
|Due from subsidiaries                                                                                                                |                                            |             | 20,270
|Income taxes receivable                                                                                                              |                                            |             | 194   
|Other assets                                                                                                                         |                                            |             | 11    
|                                                                                                                                     |                                            |             |       
|                                                                                                                                     | Total assets                               |             | $     
|                                                                                                                                     |                                            |             |       
|Liabilities and shareholders equity                                                                                                 |                                            |             |       
|Liabilities:                                                                                                                         |                                            |             |       
|Income taxes payable                                                                                                                 |                                            | $           |      
|Accounts payable and accrued expenses                                                                                                |                                            |             | 21    
|Deferred income taxes                                                                                                                |                                            |             | 117   
|                                                                                                                                     |                                            |             |       
|                                                                                                                                     | Total liabilities                          |             |       
|Shareholders equity:                                                                                                                |                                            |             |       
|Preferred stock, $.01 per value, 1,000,000 shares authorized; none outstanding                                                       |                                            |             |      
|Common stock, $.01 par value, 40,000,000 shares authorized and 11,551,033 and 11,534,890 outstanding in  2002
and 2001, respectively |                                            |             | 51    
|Additional paid-in capital                                                                                                           |                                            |             | 56,207
|Accumulated deficit                                                                                                                  |                                            |             | (9,188
|                                                                                                                                     |                                            |             |       
|                                                                                                                                     | Total shareholders equity                 |             |       
|                                                                                                                                     |                                            |             |       
|                                                                                                                                     | Total liabilities and shareholders equity |             | $     
|                                                                                                                                     |                                            |             |       



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Schedule I- Financial Information of Registrant TFC Enterprises, Inc.

Statements of
Operations

|                                                                      |                                      | Years ended December 31 |       
|--------------------------------------------------------------------- | ------------------------------------ | ----------------------- | ------
|                                                                      |                                      |                         |       
|(in thousands)                                                        |                                      | 2002                    |       
|                                                                      |                                      |                         |       
|Net interest revenue:                                                 |                                      |                         |       
|                                                                      | Interest revenue                     |                         | $     
|                                                                      | Interest expense                     |                         |       
|                                                                      |                                      |                         |       
|Net interest revenue                                                  |                                      |                         |      
|Other revenue:                                                        |                                      |                         |       
|                                                                      | Equity in net income of subsidiaries |                         |       
|                                                                      |                                      |                         |       
|Total other revenue                                                   |                                      |                         | 3,368 
|Operating expenses:                                                   |                                      |                         |       
|                                                                      | Amortization of intangible assets    |                         |       
|                                                                      | Other                                |                         |       
|                                                                      |                                      |                         |       
|Total operating expense                                               |                                      |                         | 1,002 
|Income before income taxes                                            |                                      |                         | 2,366 
|(Benefit from) provision for income taxes                             |                                      |                         | (380  
|                                                                      |                                      |                         |       
|Net income before cumulative effect of change in accounting principle |                                      | $                       | 2,746 
|Cumulative effect of change in accounting principle                   |                                      |                         | (6,777
|                                                                      |                                      |                         |       
|Net income (loss)                                                     |                                      | $                       | (4,031
|                                                                      |                                      |                         |       



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Schedule I- Financial Information of Registrant TFC Enterprises, Inc.

Statements of Cash
Flows

|                                                                                     |                                                              | Years ended December 31 |       
|------------------------------------------------------------------------------------ | ------------------------------------------------------------ | ----------------------- | ------
|                                                                                     |                                                              |                         |       
|(in thousands)                                                                       |                                                              | 2002                    |       
|                                                                                     |                                                              |                         |       
|Operating activities                                                                 |                                                              |                         |       
|Net income (loss)                                                                    |                                                              | $                       | (4,031
|Adjustments to reconcile net (loss) income to net cash used in operating activities: |                                                              |                         |       
|Equity in net income of subsidiaries                                                 |                                                              |                         | (3,368
|                                                                                     | Amortization of intangible assets                            |                         |       
|                                                                                     | Benefit from deferred income taxes                           |                         |       
|                                                                                     | Changes in operating assets and liabilities:                 |                         |       
|                                                                                     | Cumulative effect of change in accounting principle          |                         |       
|                                                                                     | Decrease in other assets                                     |                         |       
|                                                                                     | Decrease in due from subsidiaries                            |                         |       
|                                                                                     | Increase (decrease) in accounts payable and accrued expenses |                         |       
|                                                                                     | Decrease in income taxes payable                             |                         |       
|                                                                                     |                                                              |                         |       
|Net cash used in operating activities                                                |                                                              |                         | (20   
|                                                                                     |                                                              |                         |       
|Financing activities                                                                 |                                                              |                         |       
|Proceeds from stock options exercised                                                |                                                              |                         | 20    
|                                                                                     |                                                              |                         |       
|Net cash provided by financing activities                                            |                                                              |                         | 20    
|                                                                                     |                                                              |                         |       
|Increase (decrease) in cash                                                          |                                                              |                         |      
|Cash at beginning of year                                                            |                                                              |                         |      
|                                                                                     |                                                              |                         |       
|Cash at end of year                                                                  |                                                              | $                       |      
|                                                                                     |                                                              |                         |       
|Supplemental disclosures:                                                            |                                                              |                         |       
|Income taxes paid                                                                    |                                                              | $                       | 945   
|                                                                                     |                                                              |                         |