Quarter Ended September 30
	2002	2001	%Change
Results of Operations
Net interest income	$2,647,427	$2,717,281	-3%
Provision for loan losses	131,500	137,500	-4%
Non-interest income	1,850,071	1,860,971	-1%
Non-interest expenses	3,680,708	3,660,155	1%
Income taxes	218,304	235,467	-7%
Net income	466,986	545,130	-14%
Per Share
Net income - Note 3	0.16	0.19	-14%
Cash dividends declared	0.09	0.09	0%
Average Balances
Federal funds sold	2,633,726	12,485,296	-79%
Investment securities	79,951,617	103,817,260	-23%
Loans (net of unearned income)	215,031,709	225,953,612	-5%
Earning assets - Note 1	294,688,617	340,523,156	-13%
Total assets	328,121,099	370,402,230	-11%
Total deposits	233,695,180	277,383,722	-16%
Stockholders' equity	34,232,741	32,365,325	6%
Earnings Ratios
Return on average total assets	0.57%	0.59%
Return on average stockholders' equity	5.46%	6.74%
Net yield on average earning assets - Note 1	3.70%	3.33%
Interest rate spread - Note 1	3.19%	2.80%
Credit Ratios
Net loan losses to average loans	0.01%	0.03%

	Nine Months Ended September 30
	2002	2001	%Change
Results of Operations
Net interest income	$7,864,414	$8,355,134	-6%
Provision for loan losses	394,500	412,500	-4%
Non-interest income	5,908,863	5,563,209	6%
Non-interest expenses	10,910,081	11,253,969	-3%
Income taxes	790,093	674,679	17%
Net income	1,678,603	1,577,195	6%
Per Share
Net income - Note 3	0.59	0.55	7%
Cash dividends declared	0.27	0.27	0%
Book value	12.64	12.12	4%
Common stock closing price	13.22	12.20	8%
At September 30
Federal funds sold	9,633,503	568,735	1594%
Investment securities	77,934,528	109,054,514	-29%
Loans (net of unearned income)	211,260,460	227,203,849	-7%
Earning assets - Note 1	295,886,779	334,447,472	-12%
Total assets	327,226,378	364,955,821	-10%
Total deposits	233,862,429	270,234,739	-13%
Shareholders' equity	34,077,096	32,826,597	4%
Common shares outstanding	2,695,692	2,707,733
Average Balances
Federal funds sold	3,116,221	10,470,205	-70%
Investment securities	87,808,005	98,279,449	-11%
Loans (net of unearned income)	218,074,803	241,871,210	-10%
Earning assets - Note 1	306,551,921	349,668,616	-12%
Total assets	340,916,064	380,665,419	-10%
Total deposits	247,763,829	286,140,488	-13%
Stockholders' equity	33,723,633	31,840,527	6%
Earnings Ratios
Return on average total assets	0.66%	0.55%
Return on average stockholders' equity	6.64%	6.60%
Net yield on average earning assets - Note 1	3.54%	3.33%
Interest rate spread - Note 1	3.06%	2.79%
Credit Ratios
Nonperforming assets as a percent of period-end loans and other real estate owned	1.84%	0.69%
Allowance to total loans	1.73%	1.42%
Net loan losses to average loans	0.04%	0.08%
Capital Ratios (period end)
Stockholders' equity to total assets	10.41%	8.99%
Leverage capital - Note 2	9.80%	8.20%
Tier 1 risk-based capital - Note 2	13.88%	12.24%
Total risk-based capital - Note 2	15.12%	13.49%

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.

Note 3: Earnings per share numbers are adjusted to reflect a 5% stock dividend declared October 24, 2002.

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