CONSENT OF INDEPENDENT AUDITORS





     We hereby  consent to the  incorporation  of our report dated  February 13,
2004, relating to the consolidated  financial statements of Tri-County Financial
Corporation,  by reference in Registration  Statements Nos. 33-97174,  333-79237
and  333-70800,  each of Form  S-8,  and in the  Annual  Report  on Form 10-K of
Tri-County Financial Corporation, for the year ended December 31, 2003.


/s/ Stegman & Company

Baltimore, Maryland
March 26, 2004