Quarter Ended June 30
	2002	2001	%Change
Results of Operations
Net interest income	$2,648,956	$2,736,461	-3%
Provision for loan losses	131,500	137,500	-4%
Non-interest income	2,504,580	2,022,642	24%
Non-interest expenses	3,696,614	3,894,043	-5%
Income taxes	439,327	200,666	119%
Net income	886,095	526,894	68%
Per Share
Net income	0.33	0.19	69%
Cash dividends declared	0.09	0.09	0%
Average Balances
Federal funds sold	3,392,521	9,101,792	-63%
Investment securities	82,044,584	107,530,856	-24%
Loans (net of unearned income)	219,637,010	235,490,318	-7%
Earning assets - Note 1	302,971,167	351,022,182	-14%
Total assets	338,482,054	382,576,694	-12%
Total deposits	246,688,152	288,493,501	-14%
Stockholders' equity	33,910,372	31,738,657	7%
Earnings Ratios
Return on average total assets	1.05%	0.55%
Return on average stockholders' equity	10.45%	6.64%
Net yield on average earning assets - Note 1	3.62%	3.27%
Interest rate spread - Note 1	3.13%	2.74%
Credit Ratios
Net loan losses to average loans	0.04%	0.03%

	Six Months End June 30
	2002	2001	%Change
Results of Operations
Net interest income	$5,216,988	$5,637,853	-7%
Provision for loan losses	263,000	275,000	-4%
Non-interest income	4,131,776	3,702,239	12%
Non-interest expenses	7,302,357	7,593,814	-4%
Income taxes	571,789	439,213	30%
Net income	1,211,618	1,032,065	17%
Per Share
Net income	0.45	0.38	18%
Cash dividends declared	0.18	0.18	0%
Book value	12.62	11.85	7%
Common stock closing price	14.25	11.70	22%
At June 30
Federal funds sold	884,531	6,312,901	-86%
Investment securities	80,349,551	111,360,595	-28%
Loans (net of unearned income)	218,090,737	228,801,698	-5%
Earning assets - Note 1	296,135,679	344,811,983	-14%
Total assets	329,205,527	374,339,627	-12%
Total deposits	235,962,527	280,344,534	-16%
Shareholders' equity	34,070,026	32,085,428	6%
Common shares outstanding	2,700,337	2,707,733
Average Balances
Federal funds sold	3,361,467	9,445,960	-64%
Investment securities	91,801,308	95,464,650	-4%
Loans (net of unearned income)	219,621,569	249,961,922	-12%
Earning assets - Note 1	312,581,889	354,132,468	-12%
Total assets	347,019,117	385,888,862	-10%
Total deposits	254,914,745	290,591,442	-12%
Stockholders' equity	33,464,860	31,573,778	6%
Earnings Ratios
Return on average total assets	0.70%	0.53%
Return on average stockholders' equity	7.24%	6.54%
Net yield on average earning assets - Note 1	3.47%	3.33%
Interest rate spread - Note 1	3.00%	2.80%
Credit Ratios
Nonperforming assets as a percent of period-end loans and other real estate owned	1.32%	0.71%
Allowance to total loans	1.60%	1.37%
Net loan losses to average loans	0.05%	0.06%
Capital Ratios (period end)
Stockholders' equity to total assets	10.35%	8.57%
Leverage capital - Note 2	9.23%	7.85%
Tier 1 risk-based capital - Note 2	13.12%	12.06%
Total risk-based capital - Note 2	14.35%	13.31%

Note 1 : Calculated using amortized cost basis of investments which does not consider the effect of market value gains or losses resulting from Statement of Financial Accounting Standards No. 115.

Note 2 : Regulatory capital ratios exclude the net unrealized holding gains or losses on available for sale securities, except that 45% of the unrealized market value gains on equity securities are included in total capital in accordance with regulations.

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