Years Ended December 31,
	2004	2003	%Change
Results of Operations
Net interest income	$10,178,701.13	$9,295,957	9%
Provision for loan losses	-	243,000	-100%
Non-interest income	8,283,838	8,268,612	0%
Non-interest expenses	17,253,687	16,058,355	7%
Income taxes	320,488	338,500	-5%
Net income	888,364	924,714	-4%
Per Share
Net income - basic	0.31	0.33	-4%
Net income - fully diluted	0.31	0.32	-3%
Cash dividends declared	0.38	0.36	5%
Book value	12.06	12.07	0%
Common stock closing price	17.77	17.80	0%
At December 31
Short term investments	14,851,081	7,589,293	96%
Investment securities	42,488,492	62,483,957	-32%
Gross Loans (net of unearned income)	229,946,023	201,538,144	14%
Earning assets	289,908,496	273,861,394	6%
Total assets	319,463,472	302,409,975	6%
Total deposits	225,846,145	207,056,100	9%
Shareholders' equity	34,193,987	34,124,882	0%
Common shares outstanding	2,834,823	2,828,078
Year-To-Date Average Balances
Short term investment	8,606,166	18,044,257	-52%
Investment securities	50,188,313	67,947,043	-26%
Gross Loans (net of unearned income)	211,219,527	196,496,279	7%
Earning assets	274,536,420	284,839,609	-4%
Total assets	306,333,647	315,351,952	-3%
Total deposits	213,463,319	220,837,505	-3%
Shareholders' equity	34,041,826	34,146,888	0%
Earnings Ratios
Return on average total assets	0.29%	0.29%
Return on average stockholders' equity	2.61%	2.71%
Net yield on average earning assets	3.81%	3.36%
Interest rate spread	3.32%	2.88%
Credit Ratios
Nonperforming assets as a percent of period-end loans and other real estate	0.49%	1.26%
Allowance to total loans	1.59%	1.83%
Net loan losses to average loans	0.08%	0.09%
Capital Ratios
Average Shareholders' equity to total assets	11.11%	10.83%
Leverage capital	9.40%	10.35%
Tier 1 risk-based capital	11.51%	13.75%
Total risk-based capital	14.23%	15.51%

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