<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>11
<FILENAME>trif10kex21.txt
<TEXT>
                                   EXHIBIT 21

                         SUBSIDIARIES OF THE REGISTRANT


Parent

Tri-County Financial Corporation

<TABLE>
<CAPTION>

                                                                 Percentage                   State of
Subsidiary                                                         Owned                    Incorporation
----------                                                       ----------                 -------------
<S>                                                                  <C>                       <C>
Community Bank of Tri-County                                        100%                      Maryland


Subsidiaries of Community Bank of Tri-County
--------------------------------------------
Community Mortgage Corporation
  of Tri-County                                                     100%                      Maryland

Tri-County Investment Corporation                                   100%                      Delaware

</TABLE>

</TEXT>
</DOCUMENT>