| 1. | I      have reviewed this annual report on Form 10-K of Community Financial      Corporation (the “Registrant”); |
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| 2. | Based      on my knowledge, this annual report does not contain any untrue statement      of a material fact or omit to state a material fact necessary to make the      statements made, in light of the circumstances under which such statements      were made, not misleading with respect to the period covered by this      report; |
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| 3. | Based      on my knowledge, the consolidated financial statements, and other      financial information included in this report, fairly present in all      material respects the consolidated financial condition, results of      operations and cash flows of the Registrant as of, and for, the periods      presented in this report; |
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| 4. | The      Registrant's other certifying officer and I are responsible for      establishing and maintaining disclosure controls and procedures (as      defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal      control over financial reporting (as defined in Exchange Act Rules      13a-15(f) and 15d-15(f)) for the Registrant and we  have: |
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| 5. | The      Registrant's other certifying officer and I have disclosed, based on our      most recent evaluation of internal control over financial reporting, to      the Registrant's auditors and the audit committee of Registrant's board of      directors (or persons performing the equivalent  function): |
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| Date:      June 28, 2010 |   | /s/R. Jerry      Giles                                                    |
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|                     |   | Senior      Vice President and Chief FinancialOfficer                                                                                                                                                                                                                                                                                    |