<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           June 30, 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 June 30,
                      2000 and 1999 and December 31, 1999.

                  Consolidated Statement of Income For the Three Month
                      Period Ended June 30, 2000 and 1999.

                  Consolidated Statement of Income For the Six Month
                      Period Ended June 30, 2000 and 1999.

                  Consolidated  Statement  of Changes in Stockholders'
                      Equity for the Six Month Period Ended June
                      30, 2000 and 1999.

                  Consolidated Statement of Cash Flows for the Six Month Period
                      Ended June 30, 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
                  June 30, 2000 and 1999 and December 31, 1999
                                 (In Thousands)

<TABLE>
<CAPTION>
                                ASSETS
                                ------                            June 30,                               December 31,
                                                        2000                        1999                      1999
                                                        ----                        ----                 ------------
<S>                                                 <C>                         <C>                    <C>
CASH AND DUE FROM BANKS                                $6,013                      $5,183                 $7,184

INVESTMENT SECURITIES:
     AVAILABLE FOR SALE                                28,409                      31,080                 30,029
     HELD TO MATURITY                                       0                         497                      0
FEDERAL FUNDS SOLD                                          0                         810                      0

LOANS:
          TOTAL LOANS                                 112,895                     104,050                109,572

                   RESERVE FOR LOAN LOSSES                613                         720                    701
                                                     --------                    --------               --------
                   NET LOANS                          112,282                     103,330                108,871

BANK PREMISES AND EQUIPMENT                             3,706                       2,687                  3,774

ACCRUED INTEREST AND OTHER ASSETS                       2,846                       2,054                  2,888
                                                     --------                    --------               --------
                                                     $153,256                    $145,641               $152,746
                                                     ========                    ========               ========

                           LIABILITIES AND STOCKHOLDERS' EQUITY
                           ------------------------------------
DEPOSITS:
          DEMAND DEPOSITS:
           NON-INTEREST                               $20,524                     $20,146                $19,332
           INTEREST BEARING                            20,213                      20,889                 18,999
          SAVINGS DEPOSITS                             33,498                      31,851                 31,024
          TIME DEPOSITS                                59,673                      57,968                 58,264
                                                     --------                    --------               --------
                   TOTAL DEPOSITS                     133,908                     130,854                127,619

FEDERAL FUNDS PURCHASED AND SECURITIES
    SOLD UNDER AGREEMENTS TO REPURCHASE                 3,810                           0                  9,840
ACCRUED AND OTHER LIABILITIES AND                         555                         651                    789

INCOME TAXES PAYABLE:
          CURRENT                                          69                          84                    (18)
          DEFERRED                                         72                        (219)                    72
                                                     --------                    --------               --------
                   TOTAL LIABILITIES                  138,414                     131,370                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                            11,994                      11,423                 11,596
          TREASURY STOCK                                 (860)                       (860)                  (860)
                                                     --------                    --------               --------
                   TOTAL STOCKHOLDERS' EQUITY          14,842                      14,271                 14,444
                                                     --------                    --------               --------
                                                     $153,256                    $145,641               $152,746
                                                     ========                    ========               ========
</TABLE>

SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


<PAGE>

                 LOGAN COUNTY BANCSHARES, INC. AND SUBSIDIARIES
                        Consolidated Statement of Income
             For the Six Month Periods Ended June 30, 2000 and 1999
                                 (In Thousands)

<TABLE>
<CAPTION>
                                                         2000                        1999
                                                         ----                        ----
<S>                                                    <C>                         <C>
INTEREST INCOME:
          INTEREST ON LOANS                             $2,315                      $2,105
          INTEREST ON INVESTMENTS                          469                         475
          INTEREST ON FEDERAL FUNDS SOLD                     9                          86
                                                        ------                      ------
                                                         2,793                       2,666

INTEREST EXPENSE:
          INTEREST ON DEPOSITS                           1,081                       1,072
          INTEREST OTHER                                    69                           0
                                                        ------                      ------
                  NET INTEREST INCOME                    1,643                       1,594

PROVISION FOR LOAN LOSSES                                    0                           0
                                                        ------                      ------
                  NET INTEREST INCOME AFTER
                   PROVISION FOR LOAN LOSSES             1,643                       1,594

OTHER INCOME:
          SERVICE FEES                                     184                         161
          OTHER OPERATING INCOME                             8                           7
                                                        ------                      ------
                  TOTAL OTHER INCOME                       192                         168

OTHER EXPENSES:
          SALARIES AND BENEFITS                            522                         493
          EXPENSE OF BANK PREMISES AND
           EQUIPMENT                                       134                          80
          OTHER OPERATING EXPENSES                         374                         339
                                                        ------                      ------
                  TOTAL OTHER EXPENSES                   1,030                         912

INCOME BEFORE INCOME TAXES                                 805                         850

INCOME TAXES                                               292                         305
                                                        ------                      ------
          NET INCOME                                      $513                        $545
                                                        ======                      ======

PER SHARE OF COMMON STOCK NET INCOME                     $0.72                       $0.76
                                                        ======                      ======
</TABLE>


SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

<PAGE>

                 LOGAN COUNTY BANCSHARES, INC. AND SUBSIDIARIES
                        Consolidated Statement of Income
             For the Six Month Periods Ended June 30, 2000 and 1999
                                 (In Thousands)

<TABLE>
<CAPTION>
                                                           2000                        1999
                                                           ----                        ----
<S>                                                      <C>                         <C>
INTEREST INCOME:
          INTEREST ON LOANS                               $4,556                      $4,131
          INTEREST ON INVESTMENTS                            947                         912
          INTEREST ON FEDERAL FUNDS SOLD                      14                         191
                                                          ------                      ------
                                                           5,517                       5,234

INTEREST EXPENSE:
          INTEREST ON DEPOSITS                             2,237                       2,135
          INTEREST OTHER                                      69                           0
                                                          ------                      ------
                  NET INTEREST INCOME                      3,211                       3,099

PROVISION FOR LOAN LOSSES                                      0                          23
                                                          ------                      ------
                  NET INTEREST INCOME AFTER
                   PROVISION FOR LOAN LOSSES               3,211                       3,076

OTHER INCOME:
          SERVICE FEES                                       330                         297
          OTHER OPERATING INCOME                              49                          46
                                                          ------                      ------
                  TOTAL OTHER INCOME                         379                         343

OTHER EXPENSES:
          SALARIES AND BENEFITS                             1061                         979
          EXPENSE OF BANK PREMISES AND
           EQUIPMENT                                         271                         203
          OTHER OPERATING EXPENSES                           728                         624
                                                          ------                      ------
                  TOTAL OTHER EXPENSES                     2,060                       1,806

INCOME BEFORE INCOME TAXES                                  1530                        1613

INCOME TAXES                                                 549                         577
                                                          ------                      ------
          NET INCOME                                        $981                      $1,036
                                                          ======                      ======

PER SHARE OF COMMON STOCK NET INCOME                       $1.37                       $1.44
                                                          ======                      ======
</TABLE>


SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

<PAGE>

                 LOGAN COUNTY BANCSHARES, INC. AND SUBSIDIARIES
            Consolidated Statement in Changes in Stockholders' Equity
             For the Six Month Periods Ended June 30, 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 SIX MONTHS
          ENDED JUNE 30, 2000                 0              0               981                 0               0              981

CHANGE IN NET UNREALIZED
          HOLDING GAINS (LOSSES)
          ON AVAILABLE FOR-SALE
          SECURITIES                                                                          (124)                            (124)
                                         ------         ------           -------             -----           -----          -------
TOTAL COMPREHENSIVE INCOME                    0              0               981              (124)              0              857


DIVIDENDS ON 716,991 SHARES
          COMMON STOCK @ $0.64                                              (458)                                              (458)
                                         ------         ------           -------             -----           -----          -------
                                         $1,300         $2,408           $12,759             ($765)          ($860)         $14,842
                                         ======         ======           =======             =====           =====          =======


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


COMPREHENSIVE INCOME

 NET INCOME FOR THE SIX MONTHS
          ENDED JUNE 30, 1999                 0              0             1,036                 0               0            1,036

NET UNREALIZED GAINS (LOSSES)
          ON AVAILABLE FOR-SALE
          SECURITIES                                                                          (410)
                                         ------         ------           -------             -----           -----          -------
TOTAL COMPREHENSIVE INCOME                    0              0              1036              (410)              0              626

DIVIDENDS ON 716,991 SHARES
          COMMON STOCK @ $0.57                                              (414)                                              (414)
                                         ------         ------           -------             -----           -----          -------
                                         $1,300         $2,408           $11,793             ($370)          ($860)         $14,271
                                         ======         ======           =======             =====           =====          =======
</TABLE>


  SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

<PAGE>

                 LOGAN COUNTY BANCSHARES, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENT OF CASH FLOWS
             FOR THE SIX MONTH PERIODS ENDED JUNE 30, 2000 AND 1999

<TABLE>
<CAPTION>
                                                                          2000                1999
                                                                          ----                ----
<S>                                                                  <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   NET INCOME                                                             $981               $1,036
   ADJUSTMENTS TO RECONCILE NET
     INCOME TO NET CASH PROVIDED
     BY OPERATING ACTIVITIES:
       DEPRECIATION                                                        133                   82
       SECURITY AMORTIZATION AND
         ACCREATION                                                          5                   (2)
       MARKET VALUE AMORTIZATION                                            (2)                  (2)
       PROVISION FOR LOAN LOSSES                                             0                   23
       (INCREASE) DECREASE IN OTHER
         ASSETS                                                            134                 (305)
       INCREASE (DECREASE) IN OTHER
         LIABILITIES                                                      (147)                  (4)
                                                                        ------               ------
   NET CASH PROVIDED BY OPERATING ACTIVITIES                             1,104                  828

CASH FLOWS FROM INVESTING ACTIVITIES:
   PROCEEDS FROM SALE OF SECURITIES AVAILABLE FOR SALE                       0                6,500
   PROCEEDS FROM MATURITIES OF SECURITIES AVAILABLE FOR SALE             3,400                2,000
   PROCEEDS FROM MATURITIES OF SECURITIES HELD TO MATURITY                   0                2,000
   PURCHASE OF SECURITIES AVAILABLE FOR SALE                            (2,000)             (14,969)
   NET (INCREASE) DECREASE IN
     FEDERAL FUNDS SOLD                                                      0                6,710
   NET (INCREASE) DECREASE IN LOANS                                     (3,411)              (8,951)
   PURCHASE OF BANK PREMISES
     AND EQUIPMENT                                                         (65)                (682)
                                                                        ------               ------
   NET CASH PROVIDED BY INVESTING ACTIVITIES                            (2,076)              (7,392)

CASH FLOWS FROM FINANCING ACTIVITIES:
   NET INCREASE (DECREASE) IN
     DEMAND DEPOSITS                                                     2,406                2,099
   NET INCREASE (DECREASE) IN
     SAVINGS DEPOSITS                                                    2,474                2,034
   NET INCREASE (DECREASE) IN
     TIME DEPOSITS                                                       1,409                2,301
   NET INCREASE (DECREASE) IN                                           (6,030)                   0
     FEDERAL FUNDS PURCHASED AND SECURITIES SOLD
     UNDER AGREEMENT TO REPURCHASE
   DIVIDENDS PAID                                                         (458)                (414)
                                                                        ------               ------
   NET CASH PROVIDED BY FINANCING ACTIVITIES                              (199)               6,020
                                                                        ------               ------
NET INCREASE (DECREASE) IN CASH AND
   CASH EQUIVALENTS                                                     (1,171)                (544)

CASH AND CASH EQUIVALENT AT
   BEGINNING OF PERIOD                                                   7,184                5,727
                                                                        ------               ------
CASH AND CASH EQUIVALENT AT
   END OF PERIOD                                                        $6,013               $5,183
                                                                        ======               ======
</TABLE>


SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

<PAGE>

                                  June 30, 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 $981,000. for the six months ended June
30, 2000 compared to $1,036,000. for the six months ended June 30, 1999,
representing a 5.30% decrease. This decrease was primarily the result of the
increase in net interest income of $135,000., increase in other income of
$36,000. and increase in all operating expenses of $254,000. and decrease in
income taxes of $28,000.

     Earnings per common share were $1.37 for the six months ended June 30, 2000
compared with $1.44 for the same period of 1999.

     Logan County Bancshares' annualized return on assets (ROA) for the six
month period ended June 30, 2000 was 1.28% compared to 1.42% for the six month
period ended June 30, 1999. Annualized return on shareholders' equity (ROE) was
13.21% and 14.52% at June 30, 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 $5,517,000. at June 30, 2000, an increase of
$283,000. from June 30, 1999. Interest expense also increased $171,000.,
resulting in an overall increase of $112,000. or 3.61% in net interest income
between June 30, 2000 and June 30, 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 six month period ended June 30, 2000 and 1999, the provision for
loan losses was $0.00 and $0. respectively.

     The reserve for loan losses was $613,000. at June 30, 2000 compared to
$720,000. at June 30, 1999. Expressed as a percentage of loans (net of unearned
income), the reserve for loan losses was .54% at June 30, 2000 and .69% at June
30, 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>
                                                                     June 30,
                                                             ------------------------
                                                              2000              1999
                                                             ------            ------
<S>                                                         <C>               <C>
Loans past due 90 or more days
   still accruing interest                                   $2,738            $3,465
                                                             ------            ------
Nonperforming assets:
   Nonaccruing loans                                            596               489
   Other real estate owned                                      384               244
                                                             ------            ------
                                                               $980              $733
                                                             ======            ======
</TABLE>

NONINTEREST INCOME

     Noninterest income includes revenues from all sources other than interest
income. For the six month period ended June 30, 2000, noninterest income
totalled $379,000., representing a increase of $36,000., or 10.50% from the
$343,000. recorded during the same period of 1999. This increase was primarily
due to increases in service fees income of $33,000.

NONINTEREST EXPENSE

     Noninterest expense comprises overhead costs which are not related to
interest expense or to losses from loans or securities. As of June 30, 2000, the
Company's noninterest expense totalled $2,060,000., increasing $254,000. over
the $1,806,000. of noninterest expense for the six months ended June 30, 1999.
Expressed as a percentage of assets, annualized noninterest expense was 2.69% at
June 30, 2000, compared to 2.48% at June 30, 1999.

     Salaries and employee benefits are Logan County Bancshares' largest
noninterest cost, representing approximately 52% of total noninterest expense at
June 30, 2000 and 1999. Salaries and employee benefits increased $82,000., or
8.37% at June 30, 2000 compared to June 30, 1999. This increase is primarily due
to increased personnel.

INCOME TAXES

     Logan County Bancshares' federal income tax expense, for the six month
period ended June 30, 2000, reflected a $28,000. decrease when compared to the
same period of 1999. Income tax expense equalled 35.88% and 35.77% of income
before taxes at June 30, 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 timing differences included
in income before income taxes.

<PAGE>

Balance Sheet Data:

     Total assets increased by $510,000. between year end and June 30, 2000 to a
balance of $153,256,000. The major component of this change was a decrease in
Investment Securities of $1,620,000., and loan increases of $3,323,000. and cash
decreased by $1,171,000. The primary source of funds for this change was an
increase in deposits of $6,289,000., a decrease in Federal Funds purchased of
$6,030,000., and net income of $981,000.

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 June 30, 2000, Federal Funds Sold amounted to $0 and
securities maturing within one year amounted to $2,100,000. These are compared
to the balances at June 30, 1999 of $810,000. in Federal Funds Sold and maturing
Investment Securities of $1,982,000. 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 $11,994,000. and has a total
Stockholders' Equity of $14,842,000. as of June 30, 2000; as compared to
$11,456,000. of Retained Earnings and total Stockholders' equity of $14,271,000.
at June 30, 1999.

     The equity capital was 9.68% and 9.80% of total assets at June 30, 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)


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