<PAGE>
                                  EXHIBIT 99.1

        SAFE HARBOR COMPLIANCE STATEMENT FOR FORWARD-LOOKING STATEMENTS

         You should consider the following factors in evaluating us and our
business. If any of the following or other risks actually occurs, our business,
financial condition and results of operations could be adversely affected. In
such case, the trading price of our common stock could decline.

IT IS DIFFICULT TO EVALUATE OUR BUSINESS BECAUSE WE HAVE A LIMITED OPERATING
HISTORY; IF WE FAIL TO EFFECTIVELY MANAGE OUR RAPID GROWTH, OUR BUSINESS WILL
SUFFER

         We have experienced rapid growth throughout our relatively short
operating history. From December 31, 1999 to December 31, 2002, our assets grew
at a compounded annual rate of 115.25%. Accordingly, we have only a limited
operating history on which you can base your evaluation of our business and
prospects. In addition, our prospects must be considered in light of the risks
and uncertainties encountered by companies in an early stage of development in
new and rapidly evolving markets. Although we have grown significantly, we do
not believe that our prior growth rates are sustainable or a good predictor of
future operating results. This rapid growth has placed and will continue to
place demands on our management and other resources and there is no assurance
that these demands can be met successfully. We may not be able to increase
revenue or maintain profitability on a quarterly or an annual basis. If this
occurs, the price of our common stock will suffer.

         Our future operating results will depend on many factors, including
but not limited to: the level of product and price competition; our ability to
establish strategic marketing and business relationships; our ability to
develop and market new and enhanced products while controlling costs; and our
ability to hire, train and retain personnel. See "Item 6. Management's
Discussion and Analysis of Financial Condition and Results of Operations".

UNPREDICTABLE ECONOMIC AND GEOPOLITICAL CONDITIONS MAY HAVE AN ADVERSE EFFECT
ON THE QUALITY OF OUR LOAN PORTFOLIO AND OUR FINANCIAL PERFORMANCE

         Economic recession over a prolonged period or other economic problems
in our market area could have a material adverse impact on the quality of our
loan portfolio and the demand for our products and services. For example, a
downturn in the local economy could make it more difficult for our borrowers to
repay their loans, which could lead to loan losses. This could in turn
adversely affect our financial condition, results of operations or cash flows.
Our success depends to a significant extent upon economic conditions in Georgia
and particularly in Gwinnett County. The banking industry in Georgia is
affected by general economic conditions such as inflation, recession,
unemployment and other factors beyond our control. In addition, terrorist
activity and the threat of armed conflict in Iraq or other parts of the world
pose the additional risk of general economic disruption and lend additional
uncertainty to the timing and level of investment and borrowing decisions by
our customers. See "Item 1. Description of Business".

WE COULD SUFFER LOAN LOSSES FROM A DECLINE IN CREDIT QUALITY

         We could sustain losses if borrowers, guarantors and related parties
fail to perform in accordance with the terms of their loans. Because we derive
a significant portion of our net income from our loan portfolio, our financial
condition, results of operations and cash flows could be materially adversely
affected if our borrowers are unable to repay their loans as scheduled. See
"Item 1. Description of Business".

BECAUSE WE HAVE A LIMITED OPERATING HISTORY AND HAVE GROWN RAPIDLY, IT IS
DIFFICULT TO ASSESS RELIABLY THE QUALITY OF OUR LOAN PORTFOLIO

         Because we have grown rapidly during our short operating history, many
of the loans in our loan portfolio are too new to show evidence of repayment,
collateral or other performance problems. As a result, it is difficult to
assess reliably the quality of our loan portfolio or evaluate or anticipate our
operating results generally. If credit quality problems come to light as our
loan portfolio matures, our operating results will suffer. Our past operating
performance does not necessarily indicate future success.


<PAGE>

CHANGES IN INTEREST RATES MAY DECREASE OUR NET INTEREST INCOME

         If we are unsuccessful in managing interest rate fluctuations, our net
interest income could decrease materially. Our operations depend substantially
on our net interest income, which is the difference between the interest income
earned on our interest-earning assets and the interest expense paid on our
interest-bearing liabilities. Like most financial institutions, our earnings
and net interest income are affected by changes in market interest rates and
other economic factors beyond our control. While we take measures to guard
against interest rate risk, these measures may not be effective in minimizing
our exposure to interest rate risk. At December 31, 2002, the difference
between Gwinnett Community Bank's liabilities and assets repricing or maturing
within one year was $38,895,000, or 23.0% of total assets. Due to an excess of
liabilities repricing or maturing within one year, a rise in interest rates
could cause Gwinnett Community Bank's net interest income to decline. See "Item
6. Management's Discussion and Analysis of Financial Condition and Results of
Operations".

INDUSTRY COMPETITION MAY HAVE AN ADVERSE EFFECT ON OUR PROFITABILITY

         Competition in the banking and financial services industry is intense,
and our profitability depends upon our continued ability to compete in our
market area. We compete with other commercial banks, savings and loan
associations, credit unions, finance companies, mutual funds, insurance
companies and brokerage and investment banking firms operating locally and
elsewhere. In addition, because federal law now permits banks, securities firms
and insurance companies to affiliate, a number of larger financial institutions
and other corporations offering a wider variety of financial services than we
currently offer can now enter and aggressively compete in the markets we
currently serve. Many of these competitors have substantially greater resources
and lending limits than us and may offer certain services that we do not or
cannot provide.

DEPARTURES OF OUR KEY PERSONNEL MAY IMPAIR OUR OPERATIONS

         Each member of our senior management team is important to our success
and the unexpected loss of any of these persons could impair our day-to-day
operations as well as our strategic direction. Our senior management team
includes:

-        Thomas J. Martin, Chief Executive Officer and President of the
         Community Financial and Gwinnett Community Bank;

-        Ann K. Marshall, Chief Financial Officer and Secretary of Community
         Financial and Chief Financial Officer, Chief Operating Officer and
         Secretary of the Gwinnett Community Bank; and

-        Donald W. Tew, Senior Lending Officer of Gwinnett Community Bank.

         We have not entered into employment agreements with these employees
and cannot assure you of their continued service.

OUR ABILITY TO PAY DIVIDENDS IS RESTRICTED BY STATE AND FEDERAL POLICIES AND
REGULATIONS

         Federal Reserve Board policy and Georgia Department of Banking and
Finance (the "DBF") regulations restrict our ability to pay dividends, and we
cannot assure that we will pay dividends on our common stock in the future.
Federal Reserve Board policy states that bank holding companies should pay cash
dividends on common stock only out of net income available over the past year
and only if prospective earnings retention is consistent with the
organization's expected future needs and financial condition. The policy
provides that bank holding companies should not maintain a level of cash
dividends that undermines its ability to serve as a source of strength to its
banking subsidiaries. Our ability to declare and pay dividends on our common
stock depends on our earnings and financial condition, our liquidity and
capital requirements, the general economic and regulatory climate and other
factors our Board of Directors deems relevant. In addition, we have committed
to the Federal Reserve Bank of Atlanta that, until Gwinnett Community Bank has
operated for five years, i.e., until October, 2004, we will not pay dividends
to our shareholders without the prior approval of the Federal Reserve Bank of
Atlanta.

         Our principal source of funds to pay dividends is cash dividends that
we receive from Gwinnett Community Bank. The DBF regulates Gwinnett Community
Bank's dividend payments and must approve dividend payments that would exceed
50% of Gwinnett Community Bank's net profits for the preceding


                                      -2-
<PAGE>

year, which are to be paid when Gwinnett Community Bank's levels of capital and
classified assets do not meet certain requirements, or which are to be paid in
an amount which exceeds Gwinnett Community Bank's retained earnings. See "Item
1. Business - Supervision and Regulation - Dividends".

OUR MANAGEMENT AND AFFILIATES COULD CONTROL UP TO 36.0% OF OUR STOCK FOLLOWING
THIS OFFERING AND WILL THEREFORE BE ABLE TO DETERMINE THE OUTCOME OF ANY
SHAREHOLDER VOTE, INCLUDING APPROVAL OF A SALE OF COMMUNITY FINANCIAL

         Our directors and executive officers beneficially own or control or
have the right to acquire approximately 509,476 shares, representing 36.0% of
our outstanding common stock. As a result, our directors and executive officers
could exercise significant control over matters requiring shareholder approval,
including the election of directors or a change in control of Community
Financial. See "Item 11. Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters".

IF AN ACTIVE TRADING MARKET FOR THE COMMON STOCK DOES NOT DEVELOP, IT MAY BE
DIFFICULT FOR YOU TO SELL YOUR SHARES OF COMMON STOCK

         There is currently no established trading market for our common stock
and a more active trading market may not develop. If an active trading market
does not develop or continue after your purchase of our common stock, you may
not be able to resell your shares at or above the price at which these shares
were offered to the public. A public trading market, which has the desired
characteristics of depth, liquidity and orderliness, depends upon the presence
in the marketplace of willing buyers and sellers of the common stock at any
given time. The presence of willing buyers and sellers depends upon individual
decisions of investors, over which neither we, nor any market maker, have any
control.

THE MARKET PRICE OF OUR COMMON STOCK COULD DROP SIGNIFICANTLY IF LARGE BLOCKS
OF OUR COMMON STOCK ARE SOLD IN THE PUBLIC MARKET

         The market price of our common stock could drop significantly if the
holders of shares of common stock, which are available for resale in the public
market, sell or are perceived by the market as intending to sell large blocks
of shares. Currently, we have 1,200,894 shares of common stock outstanding. Of
these shares, approximately 903,918 are available for resale in the public
market without restriction. The remaining 296,976 outstanding shares will
represent shares held by affiliates and shares that are restricted under the
federal securities laws.

GOVERNMENT REGULATION MAY HAVE AN ADVERSE EFFECT ON OUR PROFITABILITY AND
GROWTH

         Bank holding companies and banks are subject to extensive state and
federal government supervision and regulation. Changes in state and federal
banking laws and regulations or in federal monetary policies could adversely
affect our ability to maintain profitability and continue to grow. For example,
new legislation or regulation could limit the manner in which we may conduct
our business, including our ability to offer new products, obtain financing,
attract deposits, make loans and achieve satisfactory interest spreads. Many of
these regulations are intended to protect depositors, the public and the FDIC,
not shareholders. In addition, the burden imposed by federal and state
regulations may place us at a competitive disadvantage compared to competitors
who are less regulated. The laws, regulations, interpretations and enforcement
policies that apply to us have been subject to significant, and sometimes
retroactively applied, changes in recent years, and may change significantly in
the future. Future legislation or government policy may also adversely affect
the banking industry or our operations. See "Supervision and Regulation".

IF WE RAISE ADDITIONAL CAPITAL BY ISSUING MORE SHARES OF COMMON STOCK, YOUR
OWNERSHIP INTEREST MAY BE DILUTED

         The issuance of additional shares of our common stock could dilute
your ownership interest in Community Financial. Our Board of Directors may
elect to obtain additional capital by issuing additional shares of common stock
or other securities. We may issue additional shares at prices or on terms less
favorable than or equal to the public offering price and terms of this
offering.


                                      -3-