<PAGE>

                                FORM 10-Q

                    SECURITIES AND EXCHANGE COMMISSION

                         WASHINGTON, D. C.  20549

               Quarterly Report Under Section 13 or 15 (d)
                 of the Securities Exchange Act of 1934


For Quarter Ended           March 31, 2000
                 ---------------------------------------------------------------

Commission File Number      2-95114
                       ---------------------------------------------------------

                            LOGAN COUNTY BANCSHARES, INC.
--------------------------------------------------------------------------------
          (Exact Name of Registrant as Specified in Its Charter)

                            WEST VIRGINIA
--------------------------------------------------------------------------------
  (State or other jurisdiction of incorporation or organization)

                            55-0660015
--------------------------------------------------------------------------------
                 (IRS Employer Identification Number)

P. O. BOX 597, LOGAN, WEST VIRGINIA                  25601
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)            (Zip Code)

                                 (304) 752-1166
--------------------------------------------------------------------------------
               (Registrant's telephone number including area code)


Indicate by check mark whether the  registrant (1) has filed all reports
required to be filed by Section 13  or 15 (d) of the Securities Exchange
Act of 1934  during the preceding 12 months (or  for such shorter period
that the registrant was required to  file such reports) and (2) has been
subject to such filing requirements for the past 90 days.  Yes  X   No
                                                               ----    -----


                  APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate  the number  of shares  outstanding,  of each  of the  issuer's
classes of common stock, as of the latest practicable date.   716,991
                                                            ------------


<PAGE>

                      LOGAN COUNTY BANCSHARES, INC.

PART I - FINANCIAL INFORMATION

        ITEM I.  FINANCIAL STATEMENTS:

                 Consolidated Statement of Condition As of March 31,
                      2000 and 1999 and December 31, 1999.

                 Consolidated Statement of Income For the Three Month
                      Period Ended March 31, 2000 and 1999.

                 Consolidated  Statement  of Changes in Stockholders'
                      Equity for the Three Month Period Ended March
                      31, 2000 and 1999.

                 Consolidated Statement of Cash Flows for the Three
                      Month Period Ended March 31, 2000 and 1999.

                 Notes to Consolidated Financial Statements

        ITEM 2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF  FINANCIAL
                 CONDITION AND RESULTS OF OPERATIONS.

PART II - OTHER INFORMATION

SIGNATURES

<PAGE>

                 LOGAN COUNTY BANCSHARES, INC. AND SUBSIDIARIES
                       Consolidated Statement of Condition
                  March 31, 2000 and 1999 and December 31, 1999
                                 (In Thousands)

<TABLE>
<CAPTION>


                                                                            MARCH 31,                 DECEMBER 31,
                                                                     2000              1999              1999
                                                                     ----              ----              ----
<S>                                                            <C>               <C>               <C>
                                     ASSETS
                                     ------
CASH AND DUE FROM BANKS                                        $      5,000      $      5,131      $      7,184

INVESTMENT SECURITIES:
     AVAILABLE FOR SALE                                              28,967            15,046            30,029
     HELD TO MATURITY                                                     0             2,495                 0

FEDERAL FUNDS SOLD                                                      750            17,130                 0

LOANS:
          TOTAL LOANS                                               109,059            86,997           109,572

                   RESERVE FOR LOAN LOSSES                              701               692               701
                                                               ------------      ------------      ------------
                   NET LOANS                                        108,358            86,305           108,871

BANK PREMISES AND EQUIPMENT                                           3,732             2,128             3,774

ACCRUED INTEREST AND OTHER ASSETS                                     3,008             1,585             2,888
                                                               ------------      ------------      ------------
                                                               $    149,815      $    129,820      $    152,746


                           LIABILITIES AND STOCKHOLDERS' EQUITY
                           ------------------------------------
DEPOSITS:
          DEMAND DEPOSITS:
           NON-INTEREST                                        $     20,159      $     14,322      $     19,332
           INTEREST BEARING                                          22,237            20,691            18,999
          SAVINGS DEPOSITS                                           33,029            30,630            31,024
          TIME DEPOSITS                                              59,040            49,911            58,264
                                                               ------------      ------------      ------------
                   TOTAL DEPOSITS                                   134,465           115,554           127,619
FEDERAL FUNDS PURCHASED                                                                                    9840
ACCRUED AND OTHER LIABILITIES                                           448               606               789

INCOME TAXES PAYABLE:
          CURRENT                                                       239               260               (18)
          DEFERRED                                                       72                71                72
                                                               ------------      ------------      ------------
                   TOTAL LIABILITIES                                135,224           116,491           138,302

STOCKHOLDERS' EQUITY:
          COMMON STOCK-$1.67 PAR VALUE;
          AUTHORIZED - 780,000 SHARES
          OUTSTANDING 716,991 SHARES
          IN 2000 AND 1999                                            1,300             1,300             1,300
          SURPLUS                                                     2,408             2,408             2,408
          RETAINED EARNINGS                                          11,743            10,481            11,596
          TREASURY STOCK                                               (860)             (860)             (860)
                                                               ------------      ------------      ------------
                   TOTAL STOCKHOLDERS' EQUITY                        14,591            13,329            14,444
                                                               ------------      ------------      ------------
                                                               $    149,815      $    129,820      $    152,746
                                                               ============      ============      ============

</TABLE>

SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


<PAGE>

                 LOGAN COUNTY BANCSHARES, INC. AND SUBSIDIARIES
                        Consolidated Statement of Income
            For the Three Month Periods Ended March 31, 2000 and 1999
                                 (In Thousands)

<TABLE>
<CAPTION>

                                                  2000       1999
                                                  ----       ----
<S>                                              <C>        <C>
INTEREST INCOME:
          INTEREST ON LOANS                      $2,241     $2,026
          INTEREST ON INVESTMENTS                   478        437
          INTEREST ON FEDERAL FUNDS SOLD              5        105
                                                 ------     ------
                                                  2,724      2,568

INTEREST EXPENSE:
          INTEREST ON DEPOSITS                    1,156      1,063
                                                 ------     ------
                  NET INTEREST INCOME             1,568      1,505

PROVISION FOR LOAN LOSSES                             0         23
                                                 ------     ------
                  NET INTEREST INCOME AFTER
                   PROVISION FOR LOAN LOSSES      1,568      1,482

OTHER INCOME:
          SERVICE FEES                              146        136
          OTHER OPERATING INCOME                     41         39
                                                 ------     ------
                  TOTAL OTHER INCOME                187        175

OTHER EXPENSES:
          SALARIES AND BENEFITS                     539        486
          EXPENSE OF BANK PREMISES AND
           EQUIPMENT                                137        123
          OTHER OPERATING EXPENSES                  354        285
                                                 ------     ------
                  TOTAL OTHER EXPENSES            1,030        894

INCOME BEFORE INCOME TAXES                          725        763

INCOME TAXES                                        257        272
                                                 ------     ------
          NET INCOME                             $  468     $  491
                                                 ======     ======

PER SHARE OF COMMON STOCK NET INCOME             $ 0.65     $ 0.68
                                                 ======     ======

</TABLE>


SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


<PAGE>

                 LOGAN COUNTY BANCSHARES, INC. AND SUBSIDIARIES
            Consolidated Statement in Changes in Stockholders' Equity
            For the Three Month Periods Ended March 31, 2000 and 1999
                                 (In Thousands)

<TABLE>
<CAPTION>

                                                                         ACCUMULATED
                                                                         OTHER
                                            COMMON            RETAINED   COMPREHENSIVE  TREASURY
                                             STOCK  SURPLUS   EARNINGS   INCOME, NET    STOCK     TOTAL
                                            ------  -------   --------   -------------  --------  -----
<S>                                       <C>       <C>       <C>           <C>         <C>     <C>
BALANCE - DECEMBER 31
          1999                            $  1,300  $ 2,408   $ 12,236      ($641)      ($860)  $ 14,443

COMPREHENSIVE INCOME
 NET INCOME FOR THE THREE MONTHS
          ENDED MARCH 31, 2000                   0        0        468          0           0        468

CHANGE IN NET UNREALIZED
          HOLDING GAINS (LOSSES)
          ON AVAILABLE FOR-SALE
          SECURITIES                                                          (91)                   (91)
                                          --------  -------   --------  ---------     -------   --------
TOTAL COMPREHENSIVE INCOME                       0        0        468        (91)          0        377


DIVIDENDS ON 716,991 SHARES
          COMMON STOCK @ $0.32                                    (229)                             (229)
                                          --------  -------   --------  ---------     -------   --------
                                          $  1,300  $ 2,408   $ 12,475      ($732)      ($860)  $ 14,591
                                          ========  =======   ========  =========     =======   ========


BALANCE - DECEMBER 31
           1998                           $  1,300  $ 2,408   $ 11,171        $40       ($860)  $ 14,059


COMPREHENSIVE INCOME
 NET INCOME FOR THE THREE MONTHS
          ENDED MARCH 31, 1999                   0        0        491          0           0        491

NET UNREALIZED GAINS (LOSSES)
          ON AVAILABLE FOR-SALE
          SECURITIES                                                         (109)
                                          --------  -------   --------  ---------     -------   --------
TOTAL COMPREHENSIVE INCOME                       0        0        491       (109)          0        382

DIVIDENDS ON 716,991 SHARES
          COMMON STOCK @ $0.29                                    (206)                             (206)
                                          --------  -------   --------  ---------     -------   --------
                                          $  1,300  $ 2,408   $ 11,456       ($69)      ($860)  $ 14,235
                                          ========  =======   ========  =========     =======   ========

</TABLE>


SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


<PAGE>

                 LOGAN COUNTY BANCSHARES, INC. AND SUBSIDIARIES
                      Consolidated Statement of Cash Flows
            For the Three Month Periods Ended March 31, 2000 and 1999

<TABLE>
<CAPTION>

                                                                     2000             1999
                                                                     ----             ----
<S>                                                                 <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   NET INCOME                                                       $  468           $  491
                                                                    ------           ------
   ADJUSTMENTS TO RECONCILE NET
     INCOME TO NET CASH PROVIDED
     BY OPERATING ACTIVITIES:
       DEPRECIATION                                                     67               40
       SECURITY AMORTIZATION AND
         ACCREATION                                                      3               (1)
       MARKET VALUE AMORTIZATION                                        (1)              (1)
       PROVISION FOR LOAN LOSSES                                         0               23
       (INCREASE) DECREASE IN OTHER
                ASSETS                                                 (52)            (235)
       INCREASE (DECREASE) IN OTHER
                LIABILITIES                                            (84)             185
                                                                    ------           ------
   NET CASH PROVIDED BY OPERATING ACTIVITIES                           401              502

CASH FLOWS FROM INVESTING ACTIVITIES:
   PROCEEDS FROM SALE OF SECURITIES AVAILABLE FOR SALE                   0            5,500
   PROCEEDS FROM MATURITIES OF SECURITIES AVAILABLE FOR SALE           900            2,000
   PROCEEDS FROM MATURITIES OF SECURITIES HELD TO MATURITY               0              500
   PURCHASE OF SECURITIES AVAILABLE FOR SALE                             0          (10,956)
   NET (INCREASE) DECREASE IN
     FEDERAL FUNDS SOLD                                               (750)           1,630
   NET (INCREASE) DECREASE IN LOANS                                    513           (5,099)
   PURCHASE OF BANK PREMISES
     AND EQUIPMENT                                                     (25)            (564)
                                                                    ------           ------
   NET CASH PROVIDED BY INVESTING ACTIVITIES                           638           (6,989)

CASH FLOWS FROM FINANCING ACTIVITIES:
   NET INCREASE (DECREASE) IN
     DEMAND DEPOSITS                                                 4,065            3,781
   NET INCREASE (DECREASE) IN
     SAVINGS DEPOSITS                                                2,005            1,870
   NET INCREASE (DECREASE) IN
     TIME DEPOSITS                                                     776              171
   NET INCREASE (DECREASE) IN                                       (9,840)
     FEDERAL FUNDS PURCHASED
   DIVIDENDS PAID                                                     (229)            (206)
                                                                    ------           ------
   NET CASH PROVIDED BY FINANCING ACTIVITIES                        (3,223)           5,616
                                                                    ------           ------
NET INCREASE (DECREASE) IN CASH AND
   CASH EQUIVALENTS                                                 (2,184)            (871)

CASH AND CASH EQUIVALENT AT
   BEGINNING OF PERIOD                                               7,184            5,727
                                                                    ------           ------
CASH AND CASH EQUIVALENT AT
   END OF PERIOD                                                    $5,000           $4,856
                                                                    ======           ======

</TABLE>


SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

<PAGE>

                            March 31, 2000


             LOGAN COUNTY BANCSHARES, INC. AND SUBSIDIARIES
               Notes to Consolidated Financial Statements

1.  Financial Statements:

         The  foregoing  statements  are  unaudited;  however,  in  the
     opinion  of the  Management,  all adjustments  (comprising of  only
     normal recurring accruals) necessary for a fair presentation of the
     financial statements have been included.

2.  Basis of Consolidation:

         The  Consolidated  Statement  of  Condition  and  Consolidated
     Statement of  Income of Logan  County BancShares, Inc.  include the
     activity of Logan Bank and  Trust Company and Bank of Chapmanville,
     a wholly owned subsidiary.

3. Year 2000 Assessment

         Management has initiated a  Company-wide program to assess its
     data processing, information systems  and customer service programs
     to ensure  the Company's operating  capabilities in the  year 2000.
     Currently,  the  Company's  subsidiary  Bank,  LB&T,  uses  EDS,  a
     regional provider of financial  institution data processing as it's
     primary provider of computer services and data processing.  EDS has
     certified it's  hardware and  software are  Year 2000,  and beyond,
     compliant.

         The  Company  contracted  to   have  their  computer  hardware
     evaluated  for  Year  2000   compliance  and  estimates  additional
     computer hardware and software  costs to be approximately $455,000.
     These costs were capitalized and will be amortized over five years.
     It is the  opinion of management that the cost  of converting these
     systems and  the annual amortization, thereof,  will not materially
     impact the results of operation or its financial position.


<PAGE>

                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS


     The following  is a  discussion and  analysis focused  on significant
changes  in the  financial condition  and results  of operations  of Logan
County Bancshares, Inc.

EARNINGS SUMMARY

     The Company  reported net  income of $468,000.  for the  three months
ended March  31, 2000  compared to  $491,000. for  the three  months ended
March  31,  1999,  representing  a  4.91%  decrease.   This  decrease  was
primarily the result  of the increase in net interest  income of $63,000.,
increase  in  other income  of  $12,000.  and  increase in  all  operating
expenses of $136,000. and decrease in income taxes of $15,000.

     Earnings per common share were $0.65 for the three months ended March
31, 2000 compared with $0.68 for the same period of 1999.

     Logan County  Bancshares' annualized return  on assets (ROA)  for the
three month  period ended March 31,  2000 was 1.25% compared  to 1.35% for
the  three  month period  ended  March  31,  1999.  Annualized  return  on
shareholders' equity  (ROE) was 12.83%  and 13.80%  at March 31,  2000 and
1999, respectively.

NET INTEREST INCOME

     The  most  significant  component  of Logan  County  Bancshares'  net
earnings is net  interest income, which represents the  excess of interest
income earned on earning assets over the interest expense paid for sources
of funds.  Net interest income is  affected by changes in volume resulting
from growth and alteration of the balance sheet composition, as well as by
fluctuations in market  interest rates and maturities of  sources and uses
of funds.

     Interest  income  amounted  to  $2,724,000. at  March  31,  2000,  an
increase  of  $156,000.  from  March  31,  1999.   Interest  expense  also
increased $93,000., resulting in an  overall increase of $63,000. or 4.19%
in net interest income between March 31, 2000 and March 31, 1999.

PROVISION FOR LOAN LOSSES AND ASSET QUALITY

     The  provision  for  loan   losses  represents  charges  to  earnings
necessary  to maintain  an adequate  allowance for  potential future  loan
losses.   Management's  determination  of  the appropriate  level  of  the
allowance  is based  on an  ongoing analysis  of credit  quality and  loss
potential in the  loan portfolio, actual loan loss  experience relative to
the  size  and  characteristics  of  the loan  portfolio,  change  in  the
composition  and  risk  characteristics  of the  loan  portfolio  and  the
anticipated  influence of  national  and local  economic conditions.   The
adequacy  of the  allowance  for  loan losses  is  reviewed quarterly  and
adjustments are made as considered necessary.

     For  the three  month  period  ended March  31,  2000  and 1999,  the
provision for loan losses was $0.00 and $23,000.  respectively.

     The reserve for loan losses was  $701,000. at March 31, 2000 compared
to $721,000. at  March 31, 1999.  Expressed as a  percentage of loans (net
of unearned  income), the reserve  for loan losses  was .64% at  March 31,
2000 and .72% at March 31, 1999.


<PAGE>


A summary  of the  Company's past  due loans  and nonperforming  assets is
provided in the following table.

           SUMMARY OF PAST DUE LOANS AND NONPERFORMING ASSETS
                        (in thousands of dollars)

<TABLE>
<CAPTION>

                                                     March 31,
                                              ------------------------
                                               2000              1999
                                              ------            ------
<S>                                           <C>               <C>
Loans past due 90 or more days
   still accruing interest                    $3,266            $3,501
                                              ------            ------
Nonperforming assets:
   Nonaccruing loans                             684               459
   Other real estate owned                       373               236
                                              ------            ------
                                              $1,057            $  695
                                              ======            ======

</TABLE>

NONINTEREST INCOME

     Noninterest  income includes  revenues  from all  sources other  than
interest  income.   For the  three  month  period  ended March  31,  2000,
noninterest  income   totalled  $187,000.,  representing  a   increase  of
$12,000., or 6.86%  from the $175,000. recorded during the  same period of
1999.  This increase was primarily due to increases in service fees income
of $10,000.

NONINTEREST EXPENSE

     Noninterest expense comprises overhead costs which are not related to
interest expense or  to losses from loans or securities.   As of March 31,
2000, the  Company's noninterest expense totalled  $1,030,000., increasing
$136,000. over the  $894,000. of noninterest expense for  the three months
ended March  31, 1999.   Expressed as a  percentage of  assets, annualized
noninterest expense  was 2.75%  at March  31, 2000,  compared to  2.46% at
March 31, 1999.

     Salaries and  employee benefits are Logan  County Bancshares' largest
noninterest  cost, representing  approximately  52%  of total  noninterest
expense  at March  31,  2000  and 1999.   Salaries  and employee  benefits
increased $53,000.,  or 10.90%  at March  31, 2000  compared to  March 31,
1999.  This increase is primarily due to increased personnel.

INCOME TAXES

     Logan County  Bancshares' federal income  tax expense, for  the three
month  period ended  March 31,  2000, reflected  a $15,000.  decrease when
compared to the  same period of 1999.  Income tax  expense equalled 35.45%
and  35.65%  of   income  before  taxes  at  March  31,   2000  and  1999,
respectively.  For  financial reporting purposes, income  tax expense does
not equal  the statutory  income tax  rate of 43%  when applied  to pretax
income, primarily because of tax-exempt interest income included in income
before income taxes.

<PAGE>


Balance Sheet Data:

     Total assets decreased by $2,931,000.  between year end and March 31,
2000 to a balance of $149,815,000.  The major component of this change was
a decrease in Investment Securities of  $1,062,000., and loan decreases of
$513,000. and cash  decreased by $2,184,000.  The primary  source of funds
for this change was an increase  in deposits of $6,846,000., a decrease in
Federal Funds purchased of $9,840,000., and net income of $468,000.

Liquidity:

     Managing  Logan's liquidity  requirements primarily  involves meeting
the  loan  demand, deposit  withdrawal  and  the cash  flow  requirements.
Logan's  primary sources  of  liquid  assets are  federal  funds sold  and
investment securities maturing in less than  one year.  These items can be
converted  into funds  in a  short  period of  time.  At  March 31,  2000,
Federal Funds  Sold amounted to  $750,000. and securities  maturing within
one year  amounted to $2,499,000.  These  are compared to the  balances at
March  31,  1999  of  $5,890,000.  in  Federal  Funds  Sold  and  maturing
Investment Securities of $3,460,000. due within one year.

     Traditionally, banks  have been able  to manage liquidity based  on a
relatively  stable  group of  core  deposits.   The deposits,  demand  and
consumer deposits under $l00,000. are considered the most stable and least
expensive source  of funds.  During  2000 and  1999, banks continue  to be
faced with more  volatile, interest sensitive funds and have  had to match
their  funding  requirements  by  using assets  and  liability  management
techniques.

Capital Resources:

     Logan's capital position is based on its stockholders' equity and the
primary source of  such equity has been retained  earnings.  Since Logan's
formation, it has accumulated Retained  Earnings of $12,475,000. and has a
total  Stockholders' Equity  of  $14,591,000.  as of  March  31, 2000;  as
compared  to $11,456,000.  of  Retained Earnings  and total  Stockholders'
equity of $14,235,000. at March 31, 1999.

     The equity capital  was 9.74% and 9.79% of total  assets at March 31,
2000  and   1999  respectively.   Logan  County   Bancshares  exceeds  all
regulatory capital guide lines and has  not been advised by any regulatory
agency of any minimum capital requirement.

Effects of Inflation:

     The  impact   of  inflation   on  a  financial   institution  differs
significantly  from  that  exerted  on an  industrial  concern,  primarily
because a  financial institution's  assets and liabilities  consist almost
entirely of  monetary items.  The low  proportion of the Bank's  net fixed
assets to  total assets  reduces both the  potential of  inflated earnings
resulting  from   understated  depreciation  charges  and   the  potential
significant understatement of asset  values.  However, inflation does have
a considerable indirect impact on  banks, including increased loan demand,
as it becomes necessary for  producers and consumers to acquire additional
funds to  maintain the  same levels of  consumption, inventories,  and new
investments.  Inflation  also frequently results in  higher interest rates
which can affect both yields on  earning assets and rates paid on deposits
and other interest-bearing liabilities.

<PAGE>


PART II. - OTHER INFORMATION

           NONE.


                                   SIGNATURES

     Pursuant to the requirements of  the Securities Exchange Act of 1934,
the registrant has duly  caused this report to be signed  on its behalf by
the undersigned thereunto duly authorized.


                                        LOGAN COUNTY BANCSHARES, INC.
                                   -------------------------------------
                                             (Registrant)




Date ____________________________  ______________________________________
                                    Harvey Oakley, President
                                    (Signature(Signature)


Date ____________________________  ______________________________________
                                    Eddie D. Canterbury, Exec. Vice Pres.
                                    (Signature(Signature)