FORM 10-Q/A AMENDMENT NO. I

                         SECURITIES AND EXCHANGE COMMISSION

                              Washington, D.C.  20549


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

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT OF 1934


For the quarterly period ended     June 30, 1999

                                        OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
    EXCHANGE ACT  OF 1934

For the transition period from                        to

                                ___________________

For Quarter Ended June 30, 1999    Commission file number:  2-96350


                                  CNB Corporation
              (Exact name of registrant as specified in its charter)


South Carolina                                 57-0792402
(State or other jurisdiction of                (I.R.S. Employer
incorporation or organization)                 Identification No.)

P.O. Box 320, Conway, South Carolina           29526
(Address of principal executive offices)       (Zip Code)


(Registrant's telephone number, including area code):  (803) 248-5721


     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    .


The number of shares outstanding of the issuer's  $10.00 par value common
stock as of June 30, 1999 was 597,386.














<PAGE>

CNB Corporation
                                                                      Page

PART I.    FINANCIAL INFORMATION


Item 1.    Financial Statements:

           Consolidated Balance Sheets as of June 30, 1999,              1
           December 31, 1998 and June 30, 1998

           Consolidated Statement of Income for the Three Months         2
           and Six Months Ended June 30, 1999 and 1998

           Consolidated Statement of Comprehensive Income                3
           for the Three Months and Six Months Ended
           June 30, 1999 and 1998

           Consolidated Statement of Changes in Stockholders'            4
           Equity for the Six Months Ended June 30, 1999
           and 1998

           Consolidated Statement of Cash Flows for the Six Months       5
           Ended June 30, 1999 and 1998

           Notes to Consolidated Financial Statements                 6-13

Item 2.    Management's Discussion and Analysis of Financial         14-25
           Condition and Results of Operations

Item 4.    Submission of Matters to a Vote of Security Holders          25


PART II.   OTHER INFORMATION

Item 6.    Exhibits and Reports on Form 8-K                             25


SIGNATURE                                                               26



































<PAGE>
                         CNB Corporation and Subsidiary
                          Consolidated Balance Sheets
             (All Dollar Amounts, Except Per Share Data, in Thousands)
                                  (Unaudited)
<TABLE>
<CAPTION>
                                         June 30,  December 31,  June 30,
                                          1999       1998         1998
ASSETS:
<S>                                       <C>        <C>        <C>
    Cash and due from banks               $ 16,962   $ 17,864   $ 16,057
    Interest bearing deposits with banks         0          0          0
    Investment Securities                   59,216     60,648     62,304
      (Fair values of $59,323 at
       June 30, 1999, $61,928 at
       December 31, 1998, and $63,056
       at June 30, 1998)
    Securities Available for Sale           92,261     80,582     65,240
      (Amortized cost of $93,303 at
       June 30, 1999, $79,874 at
       December 31, 1998, and $64,895
       at June 30, 1998)
    Federal Funds sold and securities
       purchased under agreement
       to resell                            32,950     27,100     30,825
    Loans:
       Gross Loans                         252,321    230,099    233,613
       Less unearned income                   (586)      (970)    (1,112)
        Loans, net of unearned income      251,735    229,129    232,501
       Less reserve for possible
          loan losses                       (3,377)    (3,132)    (3,094)
            Net loans                      248,358    225,997    229,407
    Bank premises and equipment              8,203      7,258      6,816
    Other assets                             7,900      6,910      7,043
 Total assets                              465,850    426,359    417,692

LIABILITIES AND STOCKHOLDERS' EQUITY:
    Deposits:
       Non-interest bearing                 76,852     66,303     68,590
          Interest-bearing                 310,060    279,809    269,150
            Total deposits                 386,912    346,112    337,740
        Federal funds purchased and
       securities sold under agreement
       to repurchase                        29,647     32,518     31,898
    Other short-term borrowings              3,496      1,148      4,503
    Other liabilities                        2,601      5,380      3,081
Total liabilities                          422,656    385,158    377,222
      Stockholders' equity:
      Common stock, par value $10 per
      share:  Authorized 1,500,000 in
      1999 and 1998; issued 598,687
      in 1999 and 1998                       5,987      5,987      5,987
      Surplus                               24,546     24,538     24,552
      Undivided Profits                     13,414     10,448      9,812
      Net Unrealized Holding                  (625)       425        206
      Gains (Losses) on
       Available-For-Sale Securities
        Less:  Treasury stock                 (128)      (197)       (87)
           Total stockholders' equity       43,194     41,201     40,470
          Total liabilities
            and stockholders' equity       465,850    426,359    417,692
</TABLE>










                                      1

<PAGE>



                        CNB Corporation and Subsidiary
                       Consolidated Statement of Income
         (All Dollar Amounts, Except Per Share Data, in Thousands)
                                (Unaudited)
<TABLE>
<CAPTION>
                                                 Three Months Ended  Six Months Ended
                                                      June 30,            June 30,
                                                  1999        1998   1999        1998
Interest Income:
<S>                                              <C>       <C>       <C>        <C>
  Interest and fees on loans                     $  5,362  $  5,250  $ 10,459  $ 10,343
  Interest on investment securities:
    Taxable investment securities                   1,918     1,762     3,847     3,449
    Tax-exempt investment securities                  174       170       354       349
    Other securities                                    3         3         3         3
  Interest on federal funds sold and securities
    purchased under agreement to resell               343       369       625       597
      Total interest income                         7,800     7,554    15,288    14,741
Interest Expense:
  Interest on deposits                              2,852     2,876     5,661     5,618
  Interest on federal funds purchased and
    securities sold under agreement to
    repurchase                                        335       389       672       787
  Interest on other short-term borrowings              16        17        30        43

      Total interest expense                        3,203     3,282     6,363     6,448
Net interest income                                 4,597     4,272     8,925     8,293
Provision for possible loan losses                    180       175       330       365

Net interest income after provision for
  possible loan losses                              4,417     4,097     8,595     7,928
Other income:
  Service charges on deposit accounts                 627       556     1,239     1,146
  Gains/(Losses) on securities                          0         0         0         0
  Other operating income                              389       407       683       633
      Total other income                            1,016       963     1,922     1,779

Other expenses:
  Salaries and employee benefits                    1,866     1,703     3,709     3,364
  Occupancy expense                                   446       394       835       817
  Other operating expenses                            812       661     1,542     1,331
      Total operating expenses                      3,124     2,758     6,086     5,512
Income before income taxes                          2,309     2,302     4,431     4,195
  Income tax provision                                771       756     1,465     1,413
Net Income                                          1,538     1,546     2,966     2,782

  Per share data:
  Net income per weighted average shares
    Outstanding                                   $  2.58   $  2.58   $  4.97   $  4.65
  Cash dividend paid per share                    $     0   $     0   $     0   $     0
  Book value per actual number of shares
    Outstanding                                   $ 72.31   $ 67.71   $ 72.31   $ 67.71
  Weighted average number of shares outstanding   597,275   597,933   597,275   597,933

   Actual number of shares outstanding            597,386   597,727   597,386   597,727







</TABLE>







                                     2
<PAGE>


                           CNB Corporation and Subsidiary
                    Consolidated Statement of Comprehensive Income
              (All Dollar Amounts, Except Per Share Data, in Thousands)
                                     (Unaudited)



<TABLE>
<CAPTION>
                                          Three Months      Six Months
                                             Ended             Ended
                                             June 30,          June 30,
                                         1999       1998   1999       1998
<S>                                      <C>      <C>      <C>      <C>
Net Income                               $1,538   $1,546   $2,966   $2,782

Other comprehensive income, net of tax

   Unrealized gains/(losses)
     on securities:
       Unrealized holding gains/(losses)   (647)     (49)  (1,050)       9
          during period


Net Comprehensive Income                 $  891   $1,497   $1,916   $2,791

</TABLE>














































                                    3
<PAGE>

                      CNB Corporation and Subsidiary
     Consolidated Statement of Changes in Stockholders' Equity
                     (All Dollar Amounts in Thousands)
                               (Unaudited)
<TABLE>
<CAPTION>
                                                     Six Months Ended
                                                         June 30,
                                                     1999        1998
<S>                                                 <C>          <C>
Common Stock:
($10 par value; 500,000 shares authorized)
Balance, January 1                                    5,987        5,987
Issuance of Common Stock                               None         None
Balance at end of period                              5,987        5,987



Surplus:
Balance, January 1                                   24,538       24,552
Issuance of Common Stock                               None         None
Gain on sale of treasury stock                            8         None
Balance at end of period                             24,546       24,552



Undivided profits:
Balance, January 1                                   10,448        7,030
Net Income                                            2,966        2,782
Cash dividends declared                                None         None
Balance at end of period                             13,414        9,812



Net unrealized holding gains/(losses) on
Available-for-sale securities:
Balance, January 1                                      425          197
Change in net unrealized gains/(Losses)              (1,050)           9
Balance at end of period                               (625)         206



Treasury stock:
Balance, January 1                                     (197)         (49)
Purchase of treasury stock                              (70)        (160)
Reissue of treasury stock                               139          122
Balance at end of period                               (128)         (87)



Total stockholders' equity                           43,194       40,470
</TABLE>

Note:  Columns may not add due to rounding.

















                                     4
<PAGE>

                        CNB CORPORATION AND SUBSIDIARY
                     CONSOLIDATED STATEMENT OF CASH FLOWS
                                  (Unaudited)
<TABLE>
<CAPTION>
                                   For the six-month period ended June 30,
                                                      1999        1998
<S>                                                 <C>         <C>
OPERATING ACTIVITIES
  Net income                                        $ 2,966     $ 2,782
  Adjustments to reconcile net income to
    net cash provided by operating activities
    Depreciation                                        263         329
    Provision for loan losses                           330         365
    Provision for deferred income taxes              (1,088)       (136)
    Loss (gain) on sale of investment
     securities                                           0           0
    (Increase) decrease in accrued interest
     receivable                                        (537)       (670)
    (Increase) decrease in other assets                  18         (38)
    (Decrease) increase in other liabilities         (1,130)         98

        Net cash provided by operating
          activities                                    822       2,730

INVESTING ACTIVITIES
  Proceeds from sale of investment securities
   available for sale                                     0           0
  Proceeds from maturities of investment
   securities held to maturity                        4,742      11,715
  Proceeds from maturities of investment
   securities available for sale                      8,321       4,944
  Purchase of investment securities held to
   maturity                                          (3,310)     (3,780)
  Purchase of investment securities
   available for sale                               (20,000)    (17,000)
  Decrease (increase) in interest-bearing
    deposits in banks                                     0           0
  (Increase) decrease in federal funds sold          (5,850)    (19,450)
  (Increase) decrease in loans                      (22,606)    (10,780)
  Premises and equipment expenditures                (1,208)       (347)

        Net cash provided by (used for)
          investing activities                      (39,911)    (34,698)

FINANCING ACTIVITIES
  Dividends paid                                     (2,090)     (1,794)
  Increase (Decrease) in deposits                    40,800      36,413
  (Decrease) increase in securities sold
    under repurchase agreement                       (2,871)       (468)
  (Decrease) increase in other
    short-term borrowings                             2,348        (497)

        Net cash provided by (used for)
          financing activities                       38,187      33,654

        Net increase (decrease) in cash
          and due from banks                           (902)      1,686
CASH AND DUE FROM BANKS, BEGINNING OF YEAR           17,864      14,371

CASH AND DUE FROM BANKS, JUNE 30, 1999 AND 1998     $16,962     $16,057

CASH PAID (RECEIVED) FOR:
  Interest                                          $ 6,506     $ 6,285
  Income taxes                                      $ 1,431     $ 1,344







</TABLE>
                                    5
<PAGE>
CNB CORPORATION AND SUBSIDIARY (The "Corporation")

CNB CORPORATION (The "Parent")

THE CONWAY NATIONAL BANK (The "Bank")


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(All Dollar Amounts in Thousands)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Net income per share - Net income per share is computed on the basis of the
weighted average number of common shares outstanding, 597,275 for the six-
month period ended June 30, 1999 and 597,933 for the six-month period ended
June 30, 1998.


NOTE 2 - RESTRICTIONS ON CASH AND DUE FROM BANKS

The Bank is required to maintain average reserve balances either at the Bank
or on deposit with the Federal Reserve Bank.  The average amount of these
reserve balances for the six-month period ended June 30, 1999 and for the
years ended December 31, 1998 and 1997 were approximately $7,768, $6,839,
and $5,909, respectively.















































                                     6
<PAGE>

NOTE 3 - INVESTMENT SECURITIES

Investment securities with a par value of approximately $74,400 at June 30,
1999 and $74,500 at December 31, 1998 were pledged to secure public deposits
and for other purposes required by law.

The following summaries reflect the book value, unrealized gains and losses,
approximate market value, and tax-equivalent yields of investment securities
at June 30, 1999 and at December 31, 1998.
<TABLE>
<CAPTION>
                                            June 30, 1999
                             Book   Unrealized Holding     Fair
                             Value  Gains       Losses     Value      Yield(1)
<S>                        <C>       <C>         <C>        <C>         <C>
AVAILABLE FOR SALE
  United States Treasury
   Within one year          $ 4,002  $   13      $    -     $ 4,015      6.43%
   One to five years         13,107      38          45      13,100      6.09
                             17,109      51          45      17,115      6.17
  Federal agencies
   Within one year            7,174      16           3       7,187      6.16
   One to five years         67.301      57       1,119      66,239      5.75
                             74,475      73       1,122      73,426      5.79
  State, county and
  municipal
    One to five years           325       1           -         326      7.90
                                325       1           -         326      7.90
  Other Securities(Equity)    1,394       -           -       1,394         -
  Total available for sale  $93,303   $ 125      $1,167     $92,261      5.87%

HELD TO MATURITY
  United States Treasury
   Within one year            7,003      37           -       7,040      6.67%
   One to five years          1,014       -           7       1,007      5.76
                              8,017      37           7       8,047      6.55
  Federal agencies
   Within one year            4,613      16           1       4,628      6.16%
   One to five years         31,709     119         154      31,674      6.37
                             36,322     135         155      36,302      6.34
  State, county and
  municipal
   Within one year            1,285      21           -       1,306      8.42%
   One to five years          8,015      93          11       8,097      6.70
   Six to ten years           5,247      59          50       5,256      6.64
   After ten years              330       -           1         315      6.03
                             14,877     173          76      14,974      6.82
  Total held to maturity    $59,216  $  345      $  238     $59,323      6.49%
</TABLE>
(1) Tax equivalent adjustment based on a 34% tax rate.

As of the quarter ended June 30, 1999, the Bank did not hold any
securities of an issuer that exceeded 10% of stockholders' equity. The
net unrealized holding gains/(losses) on available-for-sale securities
component of capital is $(625) as of June 30, 1999.

















                                      7
<PAGE>
NOTE 3 - INVESTMENT SECURITIES (Continued)


<TABLE>
<CAPTION>
                                       December 31, 1998
                             Book      Unrealized Holding    Fair
                             Value       Gains    Losses     Value   Yield(1)

<S>                         <C>        <C>      <C>         <C>         <C>
AVAILABLE FOR SALE
  United States Treasury
   Within one year          $ 8,011    $   59   $     -     $ 8,070     6.28%
   One to five years          5,962       179         -       6,141     6.09%
                             13,973       238         -      14,211     6.20%
  Federal agencies
   Within one year            5,171        30         -       5,201     6.20%
   One to five years         60,289       520        87      60,722     5.77%
                             65,460       550        87      65,923     5.81%
  State, county and
  municipal
   One to five years            325         7         -         332     7.90%

  Other - restricted
   Federal Reserve
    Bank Stock                  116         -         -         116     6.03%

  Total available for sale  $79,874    $  795   $    87     $80,582     5.88%

HELD TO MATURITY
  United States Treasury
   Within one year            6,995        81         -       7,076     6.56%
   One to five years          4,019        76         -       4,095     6.05%
                             11,014       157         -      11,171     6.38%
  Federal agencies
   Within one year            2,036         6         -       2,042     5.50%
   One to five years         33,350       615         -      33,965     6.14%
                             35,386       621         -      36,007     6.10%

  State, county and
  Municipal
   Within one year            1,236        11         -	       1,247     9.57%
   One to five years          8,430       260         -        8,690     7.69%
   Six to ten years           4,582       231         -        4,813     7.56%
                             14,248       502         -       14,750     7.81%
  Total held to maturity    $60,648    $1,280   $     -      $61,928    %6.56%
</TABLE>
(1) Tax equivalent adjustment based on a 34% tax rate

As of the quarter ended  December 31, 1998, the Bank  did not hold any
securities of an issuer that exceeded 10% of stockholders' equity. The
net unrealized  holding gains/(losses) on available-for-sale securities
component of capital is $425 as of December 31, 1998.




















                                     8
<PAGE>
NOTE 4 - LOANS AND ALLOWANCE FOR LOAN LOSSES

     The following is a summary of loans at June 30, 1999 and December 31,
1998 by major classification:
<TABLE>
<CAPTION>
                                           June 30,           December 31,
                                             1998                1999
<S>                                        <C>                   <C>
Real estate loans - mortgage               $  154,385            $ 142,039
                  - construction               16,533               15,560
Commercial and industrial loans                44,116               36,393
Loans to individuals for household,
  family and other consumer expenditures       32,732               32,669
Agriculture                                     2,937                1,487
All other loans, including overdrafts           1,618                1,951
     Gross loans                              252,321              230,099
       Less unearned income                      (586)                (970)
       Less reserve for loan losses            (3,377)              (3,132)
         Net loans                            248,358              225,997
</TABLE>



















































                                    9
<PAGE>
NOTE 4 - LOANS AND ALLOWANCE FOR LOAN LOSSES, continued

     Changes in the reserve for loan losses for the quarter ended and six-
month period ended June 30, 1999 and 1998 and the year ended December 31,
1998 are summarized as follows:
<TABLE>
<CAPTION>
                                 Quarter Ended    Six Months Ended   December
                                     June 30,          June 30,         31,
                                 1999       1998  1999        1998     1998
<S>                              <C>      <C>      <C>      <C>      <C>
Balance, beginning of period     $ 3,199  $ 3,014  $ 3,132  $ 2,879  $ 2,879
Charge-offs:
   Commercial, financial,
    and agricultural                  61       25       84       71      189
   Real Estate - construction
    and mortgage                       0        9        0       10       14
   Loans to individuals               77      109      220      225      553
       Total charge-offs         $   138  $   143  $   304  $   306  $   756
Recoveries:
   Commercial, financial, and
    Agricultural                 $    48  $     4  $    82  $    34  $    89
   Real Estate - construction
    and mortgage                      11        3       11        4        5
   Loans to individuals               77       41      126      118      235
       Total recoveries          $   136  $    48  $   219  $   156  $   329
Net charge-offs/(recoveries)     $     2  $    95  $    85  $   150  $   427
Additions charge to operations   $   180  $   175  $   330  $   365  $   680
Balance, end of period           $ 3,377  $ 3,094  $ 3,377  $ 3,094  $ 3,132
Ratio of net charge-offs during
 the period to average loans
 outstanding during the period       .00%     .05%     .04%     .07%     .19%
</TABLE>
The entire balance is available to absorb future loan losses.

At June 30, 1999 and December 31, 1998 loans on which no interest was being
accrued totalled approximately $421 and $422, respectively and foreclosed
real estate totalled $0 and $0, respectively; and loans 90 days past due and
still accruing totalled $65 and $100, respectively.

                             OTHER INTEREST-BEARING ASSETS
The Bank maintained an investment in an executive life insurance program through
Confederation Life Insurance and Annuity Company, Inc.  During 1994 the Michigan
Insurance Commission seized control of this United States Corporation due to a
similar action by the Canadian regulatory authorities over the company's parent
corporation, Confederation Life Insurance Company.  Regulatory oversight began
as concerns regarding investment losses of the parent  corporation developed
during 1993 and 1994. Management determined that any impairment of the
approximate $2,100,000 cash surrender value of the policies was remote due to
the financial stability of the U.S. subsidiary.  Subsequently, on October 23,
1996, a plan of Rehabilitation for Confederation Life Insurance Company (U.S.)
was confirmed by the State of Michigan in the Circuit Court for the County of
Ingham.  The plan provided for the assumption of company owned life insurance
policies (COLI), such as the Bank's, to be assumed by Pacific Mutual Life
Insurance Company.  Under the agreement, holders of COLI policies had the option
to have a policy reinsured by Pacific Mutual which was expected to have the same
account value and substantially the same contract terms as the original policy
or to receive the liquidation or "opt-out" value of the policy.

The Bank's independent external auditors revisited the facts and circumstances
regarding the investment in the COLI program and read the related guidance in
SFAS No. 5 and SAB Topic 5(Y).  There continues to be no significant
uncertainties requiring the recognition of a loss contingency.

The Bank's COLI policies were reinsured by Pacific Mutual during the third
quarter of 1997.  Management received permission from the Office of the
Comptroller of the Currency to return this asset to accrual status and to adjust
the carrying value during the first quarter of 1998 with the total cash
surrender values totalling approximately $85,000 above the carrying value on the
bank's books.

As of June 30, 1999, the Company does not have any other interest-bearing
assets that would be required to be disclosed under Item III.C.1. or 2. if
such assets were loans.
                                     10
<PAGE>

NOTE 5 - PREMISES AND EQUIPMENT

     Property at June 30, 1999 and December 31, 1998 is summarized as
follows:
                                      June 30,         December 31,
                                       1999                1998

Land and buildings                   $ 10,402           $  9,581
Furniture, fixtures and equipment       5,590              5,188
Construction in progress                    4                 19
                                     $ 15,996           $ 14,788
Less accumulated depreciation and
   amortization                         7,793              7,530
                                     $  8,203           $  7,258

     Depreciation and amortization of bank premises and equipment charged to
operating expense was $132 and $263 for the quarter ended and the six month
period ended June 30, 1999, respectively and $693 for the year ended
December 31, 1998.

NOTE 6 - CERTIFICATES OF DEPOSIT IN EXCESS OF $100,000

     At June 30, 1999 and December 31, 1998, certificates of deposit of
$100,000 or more included in time deposits totaled approximately $78,597 and
$61,328 respectively.  Interest expense on these deposits was approximately
$842 and $1,683 for the quarter ended and the six-month period ended June
30, 1999 and $3,455 for the year ended December 31, 1998.  On June 30, 1999,
the Bank purchased $12 million in large public fund certificates with
maturities in early 2000 to provide for potential Y2K liquidity needs at
year-end 1999.

NOTE 7 - SECURITIES SOLD UNDER REPURCHASE AGREEMENTS

     At June 30, 1999 and December 31, 1998, securities sold under
repurchase agreements totaled approximately $29,647 and $32,518.  U.S.
Government securities with a book value of $34,072 ($33,977 market value)
and $35,127 ($35,672 market value), respectively, are used as collateral for
the agreements.  The weighted-average interest rate of these agreements was
4.15 percent and 4.12 percent at June 30, 1999 and December 31, 1998.

NOTE 8 - LINES OF CREDIT

     At June 30, 1999, the Bank had unused short-term lines of credit to
purchase Federal Funds from unrelated banks totaling $23,000.  These lines
of credit are available on a one to seven day basis for general corporate
purposes of the Bank.  All of the lenders have reserved the right to
withdraw these lines at their option.

     The Bank has a demand note through the U.S. Treasury, Tax and Loan
system with the Federal Reserve Bank of Richmond.  The Bank may borrow up to
$7,000 under the arrangement at a variable interest rate.  The note is
secured by U.S. Treasury and Agency Notes with a market value of $7,849 at
June 30, 1999.  The amount outstanding under the note totaled $3,496 and
$1,148 at June 30, 1999 and December 31, 1998, respectively.

     The Bank also has a line of credit from the Federal Home Loan Bank of
Atlanta for $67 million secured by a lien on the Bank's 1-4 family
mortgages.  Allowable terms range from overnight to 20 years at varying
rates set daily by the FHLB.  At June 30, 1999, no borrowings were
outstanding under the agreement.

NOTE 9 - INCOME TAXES

     Income tax expense for the quarter ended June 30, 1999 and June 30,
1998 on pretax income of $2,309 and $2,302 totalled $771 and $756
respectively.  Income tax expense for the six-month period ended June 30,
1999 and June 30, 1998 on pretax income of $4,431 and $4,195 totalled $1,465
and $1,413 respectively.  The provision for federal income taxes is
calculated by applying the 34% statutory federal income tax rate and
increasing or reducing this amount due to any tax-exempt interest, state
bank tax (net of federal benefit), business credits, surtax exemption, tax
preferences, alternative minimum tax calculations, or other factor.  A
summary of income tax components and a reconciliation of income taxes to the
federal statutory rate are included in fiscal year-end reports.
                                   11<PAGE>
NOTE 9 - INCOME TAXES (Continued)

     Effective January 1, 1992, the Company adopted the provisions of
Statement of Financial Accounting Standards ("SFAS") No. 109, "Accounting
for Income Taxes".  SFAS 109 replaces SFAS 96 beginning in 1993, with early
implementation permitted.  The impact of the adoption of SFAS 109 is not
considered to be material.

NOTE 10 - COMMITMENTS AND CONTINGENT LIABILITIES

     From time to time the bank subsidiary is a party to various litigation,
both as plaintiff and as defendant, arising from its normal operations.  No
material losses are anticipated in connection with any of these matters at
June 30, 1999.

     Also, in the normal course of business, the bank subsidiary has
outstanding commitments to extend credit and other contingent liabilities,
which are not reflected in the accompanying financial statements.  At June
30, 1999, commitments to extend credit totalled $24,012; financial standby
letters of credit totalled $177; and performance standby letters of credit
totalled $395.  In the opinion of management, no material losses or
liabilities are expected as a result of these transactions.

NOTE 11 - EMPLOYEE BENEFIT PLAN

     The Bank has a defined contribution pension plan covering all employees
who have attained age twenty-one and have a minimum of one year of service.
Upon ongoing approval of the Board of Directors, the Bank matches one
hundred percent of employee contributions up to three percent of employee
salary deferred and fifty percent of employee contributions in excess of
three percent and up to five percent of salary deferred.  The Board of
Directors may also make discretionary contributions to the Plan.  For the
three-month and six month period ended June 30, 1999 and years ended
December 31, 1998, 1997 and 1996, $100, $201, $378, $361, and $336,
respectively, was charged to operations under the plan.

NOTE 12 - REGULATORY MATTERS

     The Bank is subject to various regulatory capital requirements
administered by the federal banking agencies.  Failure to meet minimum
capital requirements can initiate certain mandatory -and possibly additional
discretionary - actions by regulators that, if undertaken, could have a
direct material effect on the financial statements.  The regulations require
the Bank to meet specific capital adequacy guidelines that involve
quantitative measures of assets, liabilities, and certain off-balance-sheet
items as calculated under regulatory accounting practices.  The capital
classification is also subject to qualitative judgments by the regulators
about components, risk weightings, and other factors.

     Quantitative measures established by regulation to ensure capital
adequacy require the maintenance of minimum amounts and ratios (set forth in
the table below) of Tier I capital to adjusted total assets (Leverage
Capital ratio) and minimum ratios of Tier I and total capital to risk-
weighted assets.  To be considered adequately capitalized under the
regulatory framework for prompt corrective action, the Bank must maintain
minimum Tier I leverage, Tier I risk-based and total risked-based ratios as
set forth in the table.  The Bank's actual capital ratios are presented in
the table below as of June 30, 1999:
                                                                To be
                                                           well capitalized
                                               For           under prompt
                                        capital adequacy  corrective action
                                           purposes            provisions
                             Actual          Minimum            Minimum
                        Amount  Ratio   Amount   Ratio      Amount  Ratio
Total Capital (to risk  $44,484 16.53%  $21,523    8.0%       $26,903 10.0%
 weighted assets)
Tier I Capital (to risk  41,121 15.28    10,761    4.0         16,142  6.0
 weighted assets)
Tier I Capital (to avg.  41,121  9.34    17,605    4.0         22,006  5.0
 assets)


                                     12
<PAGE>
NOTE 13 - CONDENSED FINANCIAL INFORMATION

     Following is condensed financial information of CNB Corporation (parent
company only):
                               CONDENSED BALANCE SHEET
                                     JUNE 30, 1999
                                      (Unaudited)
ASSETS
   Cash                                                          $  1,875
   Investment in subsidiary                                        40,496
   Fixed assets                                                       786
   Other assets                                                        37
                                                                 $ 43,194

LIABILITIES AND STOCKHOLDERS' EQUITY
   Other liability                                               $      0
   Stockholders' equity                                            43,194
                                                                 $ 43,194

                           CONDENSED STATEMENT OF INCOME
                  For the six-month period ended June 30, 1999
                                     (Unaudited)

EQUITY IN NET INCOME OF SUBSIDIARY                               $  3,003
OTHER INCOME                                                            0
OTHER EXPENSES                                                        (37)
   Net Income                                                    $  2,966






DISCUSSION OF FORWARD-LOOKING STATEMENTS

Information in the enclosed report, other than historical information, may
contain forward-looking statements that involve risks and uncertainties,
including, but not limited to, timing of certain business initiatives of the
Company, the Company's interest rate risk condition, and future regulatory
actions of the Comptroller of the Currency and Federal Reserve System.  It
is important to note that the Company's actual results may differ materially
and adversely from those discussed in forward-looking statements.






























                                    13

<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS

Management's Discussion and  Analysis is provided to afford  a  clearer
understanding of the major elements of the corporation's results of
operations, financial condition, liquidity, and capital resources. The
following discussion should be read in conjunction with the corporation's
financial statements and notes thereto and other detailed information
appearing elsewhere in this report.  In addition, the results of operations
for the interim periods shown in this report are not necessarily indicative
of results to be expected for the fiscal year.  In the opinion of
management, the information contained herein reflects all adjustments
necessary to make the results of operations for the interim periods a fair
statement of such operations.  All such adjustments are of a normal and
recurring nature.

DISTRIBUTION OF ASSETS AND LIABILITIES

The Company maintains a conservative approach in determining the
distribution of assets and liabilities.  Loans, net of unearned income, have
increased 8.3% from $232,501 at June 30, 1998 to $251,735 at June 30, 1999
but have decreased as a percentage of total assets from 55.7% to 54.0% over
the same period as loan demand has moderated in our market. Securities and
federal funds sold have increased as a percentage of total assets from 37.9%
at June 30, 1998 to 39.6% at June 30, 1999 as we have utilized funds in the
investment area.  This level of investments and federal funds sold provides
for a more than adequate supply of secondary liquidity.  Management has
sought to build the deposit base with stable, relatively non-interest-
sensitive deposits by offering the small to medium deposit account holders a
wide array of deposit instruments at competitive rates. Non-interest-bearing
demand deposits increased as a percentage of total assets from 16.4% at June
30, 1998 to 16.5% at June 30, 1999.  However, as more customers, both
business and personal, are attracted to interest-bearing deposit accounts,
we expect the percentage of demand deposits to decline over the long-term.
Interest-bearing deposits have increased from 64.5% of total assets at June
30, 1998 to 66.5% at June 30, 1999 while securities sold under agreement to
repurchase have decreased from 7.6% to 6.4% over the same period.

The following table sets forth the percentage relationship to total assets
of significant components of the corporation's balance sheet as of June 30,
1999 and 1998:
<TABLE>
<CAPTION>
                                                            June  30,
<S>                                                  <C>           <C>
Assets:                                              1999          1998
Earning assets:
   Loans, net of unearned income                     54.0%         55.7%
   Investment securities                             12.7          14.9
   Securities Available for Sale                     19.8          15.6
   Federal funds sold and securities purchased
     under agreement to resell                        7.1           7.4
         Other earning assets                           -             -
            Total earning assets                     93.6          93.6
   Other assets                                       6.4           6.4
      Total assets                                  100.0%        100.0%


Liabilities and stockholders' equity:
  Interest-bearing liabilities:
   Interest-bearing deposits                         66.5%         64.5%
   Federal funds purchased and securities sold
    under agreement to repurchase                     6.4           7.6
   Other short-term borrowings                         .8           1.1
       Total interest-bearing liabilities            73.7          73.2
         Noninterest-bearing deposits                16.5          16.4
   Other liabilities                                   .5            .7
   Stockholders' equity                               9.3           9.7
       Total liabilities and stockholders' equity   100.0%        100.0%


</TABLE>

                              14
<PAGE>
RESULTS OF OPERATION

CNB Corporation experienced earnings for the three-month period ended June
30, 1999 and 1998 of $1,538 and $1,546, respectively, resulting in a return
 on average assets of 1.37% and 1.50% and a return on average stockholders'
equity of 14.35% and 15.57%.

CNB Corporation experienced earnings for the six-month period ended June 30,
1999 and 1998 of $2,966 and $2,782, respectively, resulting in a return on
average assets of 1.35% and 1.38% and a return on average stockholders'
equity of 14.01% and 14.25%.

The earnings were primarily attributable to net interest margins in each
period (see Net Income-Net Interest Income).  Other factors include
management's ongoing effort to maintain other income at adequate levels (see
Net Income - Other Income) and to control other expenses (see Net Income -
Other Expenses).  This level of earnings, coupled with a conservative
dividend policy, have supplied the necessary capital funds to support the
growth in total assets. Total assets have increased  $48,158 or 11.5% from
$417,692 at June 30, 1998 to $465,850 at June 30, 1999.  The following table
sets forth the financial highlights for the three-month and six-month
periods ending June 30, 1999 and June 30, 1998:

                                 CNB Corporation
                          CNB Corporation and Subsidiary
                              FINANCIAL HIGHLIGHTS
            (All Dollar Amounts, Except Per Share Data, in Thousands)
<TABLE>
<CAPTION>
                                      Three-Month Period          Six-Month Period
                                         Ended June 30,             Ended June 30,
                                                    Percent                    Percent
                                                    Increase                   Increase
                                   1999     1998   (Decrease)   1999     1998 (Decrease)
<S>                              <C>       <C>      <C>         <C>      <C>     <C>
Net interest income after
    provision for loan losses     4,417    4,097      7.8%      8,595    7,928   8.4%
Income before income taxes        2,309    2,302       .3       4,431    4,195   5.6
Net Income                        1,538    1,546      (.5)      2,966    2,782   6.6
Per Share                          2.58     2.58        -        4.97     4.65   6.9
Cash dividends declared               0        0        -           0        0     -
   Per Share                          0        0        -           0        0     -

Total assets                    465,850  417,692     11.5%    465,850  417,692  11.5%
Total deposits                  386,912  337,740     14.6     386,912  337,740  14.6
Loans, net of unearned income   251,735  232,501      8.3     251,735  232,501   8.3
Investment securities and
    securities available for
    sale                        151,477  127,544     18.8     151,477  127,544  18.8
Stockholders' equity             43,194   40,470      6.7      43,194   40,470   6.7
    Book value per share          72.31    67.71      6.8       72.31    67.71   6.8

Ratios (1):
Annualized return on average
    total assets                   1.37%    1.50%    (8.7)%      1.35%    1.38% (2.2)%

Annualized return on average
    stockholders' equity          14.35%   15.57%    (7.8)%     14.01%   14.25% (1.7)%

</TABLE>


(1) For the three-month period ended June 30, 1999 and June 30, 1998,
    average total assets amounted to $448,423 and $412,179 with average
    stockholders' equity totaling $42,880 and $39,714, respectively. For
    the six-month period ended June 30, 1999 and June 30, 1998, average
    total assets amounted to $440,680 and $403,115 with average
    stockholders' equity totaling $42,317 and $39,049, respectively.





                                     15
<PAGE>
NET INCOME

Net Interest Income - Earnings are dependent to a large degree on net
interest income, defined as the difference between gross interest and fees
earned on earning assets, primarily loans and securities, and interest paid
on deposits and borrowed funds.  Net interest income is effected by the
interest rates earned or paid and by volume changes in loans, securities,
deposits, and borrowed funds.

Interest rates paid on deposits and borrowed funds and earned on loans and
investments have generally followed the fluctuations in market interest
rates in 1999 and 1998.  However, fluctuations in market interest rates do
not necessarily have a significant impact on net interest income, depending
on the bank's rate sensitivity position.  A rate sensitive asset (RSA) is
any loan or investment that can be repriced either up or down in interest
rate within a certain time interval.  A rate sensitive liability (RSL) is an
interest paying deposit or other liability that can be repriced either up or
down in interest rate within a certain time interval.  When a proper balance
between RSA and RSL exists, market interest rate fluctuations should not
have a significant impact on earnings. The larger the imbalance, the greater
the interest rate risk assumed by the bank and the greater the positive or
negative impact of interest rate fluctuations on earnings.  The bank seeks
to manage its assets and liabilities in a manner that will limit interest
rate risk and thus stabilize longrun-earning power.  Management believes
that a rise or fall in interest rates will not materially effect earnings.

The Bank has maintained adequate net interest margins for the three-month
and six-month periods ended June 30, 1999 and 1998 by earning satisfactory
yields on loans and securities and funding these assets with a favorable
deposit mix containing a significant level of noninterest-bearing demand
deposits.

Fully-tax-equivalent net interest income showed a 7.5% increase from $4,360
for the three-month period ended June 30, 1998 to $4,686 for the three-month
period ended June 30, 1999.  During the same period, total fully-tax-
equivalent interest income increased by 3.2% from $7,642 to $7,889 and total
interest expense decreased by 2.4% from $3,282 to $3,203. Fully-tax-
equivalent net interest income as a percentage of total earning assets has
shown a decrease of .06% from 4.52% for the three-month period ended June
30, 1998 to 4.46% for the three-month period ended June 30, 1999.

Fully-tax-equivalent net interest income showed a 7.5% increase from $8,473
for the six-month period ended June 30, 1998 to $9,107 for the six-month
period ended June 30, 1999.  During the same period, total fully-tax-
equivalent interest income increased by 3.7% from $14,921 to $15,470 and
total interest expense decreased by 1.3% from $6,448 to $6,363. Fully-tax-
equivalent net interest income as a percentage of total earning assets has
shown a decrease of .07% from 4.49% for the six-month period ended June 30,
1998 to 4.42% for the six-month period ended June 30, 1999.

The tables on the following four pages present selected financial data and
an analysis of net interest income.





















                                    16
<PAGE>
                                  CNB Corporation and Subsidiary
                                    Selected Financial Data
<TABLE>
<CAPTION>
                                     Three Months Ended 6/30/99     Three Months Ended 6/30/98
                                     Avg.     Interest   Avg. Ann.   Avg.    Interest   Avg.Ann
                                     Balance  Income/    Yield or   Balance  Income/    Yield or
                                              Expense(1)    Rate             Expense(1)   Rate
<S>                                   <C>       <C>        <C>        <C>      <C>        <C>
Assets:
  Earning assets:
   Loans, net of unearned income      $245,927  $ 5,362     8.72%     $230,100  $ 5,250    9.13%
     Securities:
     Taxable                           131,552    1,921     5.84       115,790    1,765    6.10
     Tax-exempt                         14,568      263     7.22        13,381      258    7.71
   Federal funds sold and
     securities purchased under
     agreement to resell                28,216      343     4.86        26,840      369    5.50
   Other earning assets                      0        0        -             0        0       -
      Total earning assets             420,263    7,889     7.51       386,111    7,642    7.92
    Other assets                        28,160                          26,068
      Total assets                    $448,423                        $412,179

Liabilities and stockholders' equity:
   Interest-bearing liabilities:
   Interest-bearing deposits          $296,121    2,852     3.85      $266,926  $ 2,876    4.31
   Federal funds purchased and
    securities sold under
    agreement to repurchase             32,479      335     4.13        34,561      389    4.50
   Other short-term borrowings           1,558       16     4.11         1,661       17    4.09
       Total interest-bearing
         Liabilities                  $330,158  $ 3,203     3.88      $303,148  $ 3,282    4.33
   Noninterest-bearing deposits         74,829                          65,777
   Other liabilities                       556                           3,540
   Stockholders' equity                 42,880                          39,714
         Total liabilities and
           stockholders' equity       $448,423                        $412,179
   Net interest income as a percent
     of total earning assets          $420,263  $ 4,686     4.46      $386,111  $ 4,360    4.52

(1)  Tax-equivalent adjustment
     based on a 34% tax rate                    $    89                         $    88
</TABLE>
<TABLE>
<S>                                                        <C>                           <C>
Ratios:
Annualized return on average total assets                   1.37                           1.50
Annualized return on average stockholders' equity          14.35                          15.57
Cash dividends declared as a percent of net income             0                              0
Average stockholders' equity as a percent of:
  Average total assets                                      9.56                           9.64
  Average total deposits                                   11.56                          11.94
  Average loans, net of unearned income                    17.44                          17.26
Average earning assets as a percent of
average total assets                                       93.72                          93.68
</TABLE>

















                                               17
<PAGE>
                                   CNB Corporation and Subsidiary
                                      Selected Financial Data
<TABLE>
<CAPTION>
                                       Six Months Ended 6/30/99         Six Months Ended 6/30/98
                                    Avg.      Interest   Avg. Ann.   Avg.    Interest  Avg.Ann.
                                    Balance    Income/    Yield or   Balance  Income/   Yield or
                                               Expense(1)   Rate              Expense(1)  Rate
<S>                                 <C>         <C>         <C>      <C>       <C>        <C>
Assets:
  Earning assets:
   Loans, net of unearned income    $239,738    $10,459     8.73%    $227,016  $10,343    9.11%
     Securities:
     Taxable                         131,621      3,850     5.85      113,842    3,452    6.06
     Tax-exempt                       14,657        536     7.31       13,612      529    7.77
   Federal funds sold and
     securities purchased under
     agreement to resell              26,145        625     4.78       23,157      597    5.16
   Other earning assets                    0          0        -            0        0       -
      Total earning assets           412,161     15,470     7.51      377,627   14,921    7.90
    Other assets                      28,519                           25,488
      Total assets                  $440,680                         $403,115

Liabilities and stockholders equity
   Interest-bearing liabilities:
   Interest-bearing deposits        $291,218      5,661     3.89     $262,355  $ 5,618    4.28
   Federal funds purchased and
    securities sold under
    agreement to repurchase           32,803        672     4.10       34,912      787    4.51
   Other short-term borrowings         1,311         30     4.58        1,566       43    5.49
       Total interest-bearing
         liabilities                $325,332    $ 6,363     3.91     $298,833  $ 6,448    4.32
Noninterest-bearing deposits          70,650                           61,792
   Other liabilities                   2,381                            3,441
   Stockholders' equity               42,317                           39,049
         Total liabilities and
           stockholders' equity     $440,680                         $403,115
   Net interest income as a percent
     of total earning assets        $412,161    $ 9,107     4.42     $377,627  $ 8,473    4.49

(1)  Tax-equivalent adjustment
     based on a 34% tax rate         $   182                         $    180
</TABLE>
<TABLE>
<S>                                                        <C>                           <C>
Ratios:
Annualized return on average total assets                   1.35                          1.38
Annualized return on average stockholders' equity          14.01                         14.25
Cash dividends declared as a percent of net income             0                             0
Average stockholders' equity as a percent of:
  Average total assets                                      9.60                          9.69
  Average total deposits                                   11.69                         12.05
  Average loans, net of unearned income                    17.65                         17.20
Average earning assets as a percent of
average total assets                                       93.53                         93.68
</TABLE>














                                               18
<PAGE>
<TABLE>
<CAPTION>
                                                          CNB Corporation and Subsidiary
                                                           Rate/Volume Variance Analysis
                                               For the Three Months Ended June 30, 1999 and 1998
                                                              (Dollars in Thousands)
<S>                            <C>      <C>      <C>         <C>         <C>          <C>          <C>       <C>     <C>      <C>
                                                                                                                              Change
                               Average  Average                           Interest     Interest              Change  Change   Due To
                                Volume   Volume  Yield/Rate  Yield/Rate  Earned/Paid  Earned/Paid            Due to  Due To   Rate X
                                 1999     1998    1999 (1)    1998 (1)    1999 (1)     1998 (1)    Variance   Rate   Volume   Volume
Earning Assets:

Loans, Net of unearned
 income (2)                    245,927   230,100     8.72%       9.13%     5,362       5,250         112     (235)     361      (14)
Investment securities:
 Taxable                       131,552   115,790     5.84%       6.10%     1,921       1,765         156      (75)     240       (9)
Tax-exempt                      14,568    13,381     7.22%       7.71%       263         258           5      (16)      23       (2)
Federal funds sold and
 securities purchased under
 agreement to resell            28,216    26,840     4.86%       5.50%       343         369         (26)     (43)      19       (2)
Other earning assets                 0         0        -           -          0           0           -        -        -        -

Total Earning Assets           420,263   386,111     7.51%       7.92%     7,889       7,642         247     (369)     643      (27)

Interest-bearing Liabilities:

Interest-bearing deposits      296,121   266,926     3.85%       4.31%     2,852       2,876         (24)    (307)     314      (31)
Federal funds purchased and
 securities sold under
 agreement to repurchase        32,479    34,561     4.13%       4.50%       335         389         (54)     (32)     (23)       1
Other short-term borrowings      1,558     1,661     4.11%       4.09%        16          17          (1)       -       (1)       -

Total Interest-bearing
 Liabilities                   330,158   303,148     3.88%       4.33%     3,203       3,282         (79)    (339)     290      (30)
Interest-free Funds
 Supporting Earning Assets      90,105    82,963

Total Funds Supporting

Earning Assets                 420,263   386,111     3.05%       3.40%     3,203       3,282         (79)    (339)     290      (30)

Interest Rate Spread                                 3.63%       3.59%
Impact of Non-interest-bearing
 Funds on Net Yield on Earning
 Assets                                               .83%        .93%


Net Yield on Earning Assets                          4.46%       4.52%     4,686       4,360
</TABLE>
(1)  Tax-equivalent adjustment based on a 34% tax rate.
(2)  Includes non-accruing loans which does not have a material effect on the
     Net Yield on Earning Assets.







                                                                       19
<PAGE>
<TABLE>
<CAPTION>
                                                           CNB Corporation and Subsidiary
                                                            Rate/Volume Variance Analysis
                                                  For the Six Months Ended June 30, 1999 and 1998
                                                               (Dollars in Thousands)
<S>                             <C>      <C>      <C>         <C>         <C>          <C>          <C>       <C>     <C>     <C>
                                                                                                                              Change
                                Average  Average                           Interest     Interest              Change  Change  Due To
                                 Volume   Volume  Yield/Rate  Yield/Rate  Earned/Paid  Earned/Paid            Due to  Due To  Rate X
                                  1999     1998    1999 (1)    1998 (1)    1999 (1)     1998 (1)    Variance   Rate   Volume  Volume
Earning Assets:

Loans, Net of unearned
 income (2)                     239,738   227,016     8.73%       9.11%    10,459      10,343         116     (431)     579     (32)
Investment securities:
 Taxable                        131,621   113,842     5.85%       6.06%     3,850       3,452         398     (119)     538     (21)
 Tax-exempt                      14,657    13,612     7.31%       7.77%       536         529           7      (31)      40      (2)
Federal funds sold and
 securities purchased under
 agreement to resell             26,145    23,157     4.78%       5.16%       625         597          28      (44)      77      (5)
Other earning assets                  0         0      -           -            0           0           -        -        -       -

Total Earning Assets            412,161   377,627     7.51%       7.90%    15,470      14,921         549     (625)   1,234     (60)

Interest-bearing Liabilities:

Interest-bearing deposits       291,218   262,355     3.89%       4.28%     5,661       5,618          43     (511)     617     (63)
Federal funds purchased and
 securities sold under
 agreement to repurchase         32,803    34,912     4.10%       4.51%       672         787        (115)     (71)     (47)      3
Other short-term borrowings       1,311     1,566     4.58%       5.49%        30          43         (13)      (7)      (7)      1

Total Interest-bearing
 Liabilities                    325,332   298,833     3.91%       4.32%     6,363       6,448         (85)    (589)     563     (59)
Interest-free Funds
 Supporting Earning Assets       86,829    78,794

Total Funds Supporting

Earning Assets                  412,161   377,627     3.09%       3.41%     6,363       6,448         (85)    (589)     563     (59)

Interest Rate Spread                                  3.60%       3.58%
Impact of Non-interest-bearing
 Funds on Net Yield on Earning
 Assets                                                .82%        .91%


Net Yield on Earning Assets                           4.42%       4.49%     9,107       8,473
</TABLE>
(1)  Tax-equivalent adjustment based on a 34% tax rate.
(2)  Includes non-accruing loans which does not have a material effect on the
     Net Yield on Earning Assets.

                                                                      20
<PAGE>
NET INCOME (continued)

Provision for Possible Loan Losses - It is the policy of the bank to
maintain the reserve for possible loan losses at the greater of 1.20% of net
loans or the percentage based on the actual loan loss experience over the
previous five years.  In addition, management may increase the reserve to a
level above these guidelines to cover potential losses identified in the
portfolio.

The provision for possible loan losses was $180 for the three-month period
ended June 30, 1999 and $175 for the three-month period ended June 30, 1998.
Net loan charge-offs/(recoveries) totaled $2 for the three-month period
ended June 30, 1999 and $95 for the same period in 1998.

The provision for possible loan losses was $330 for the six-month period
ended June 30, 1999 and $365 for the six-month period ended June 30, 1998.
Net loan charge-offs/(recoveries) totaled $85 for the six-month period ended
June 30, 1999 and $150 for the same period in 1998.

The reserve for possible loan losses as a percentage of net loans was 1.36%
at June 30, 1999 and 1.35% at June 30, 1998.  The decreased provision during
the six-month period ended June 30, 1999 was due to moderate net charge-offs
during 1999.

Securities Transactions - The Bank had no security sales during the first
half of 1999 or 1998.  At June 30, 1999, December 31, 1998, and June 30,
1998 market value appreciation/(depreciation) in the securities portfolio
totaled $(935), $1,988, and $1,097.  As indicated, market value has
decreased in 1999 due to rising market interest rates.

Other Income - Other income, net of any gains/losses on security
transactions, increased by 5.5% from $963 for the three-month period ended
June 30, 1998 to $1,016 for the three-month period ended June 30, 1999.

Other income, net of any gains/losses on security transactions, increased by
8.0% from $1,779 for the six-month period ended June 30, 1998 to $1,922 for
the six-month period ended June 30, 1999.

This increase in the three-month and six-month period ended June 30, 1999
was due to an increase in deposit account volumes and higher merchant
discount income.

Other Expenses - Other expenses increased by 13.3% from $2,758 for the
three-month period ended June 30, 1998 to $3,124 for the three-month period
ended June 30, 1999.   The major components of other expenses are salaries
and employee benefits which increased 9.6% from $1,703 to $1,866; occupancy
expense which increased 13.2% from $394 to $446; and other operating
expenses which increased by 22.8% from $661 to $812.

Other expenses increased by 10.4% from $5,512 for the six-month period ended
June 30, 1998 to $6,086 for the six-month period ended June 30, 1999.  The
major components of other expenses are salaries and employee benefits which
increased 10.3% from $3,364 to $3,709; occupancy expense which increased
2.2% from $817 to $835; and other operating expense which increased by 15.9%
from $1,331 to $1,542.

                                      21<PAGE>
The increase in the three-month and six-month period ended June 30, 1999
salaries and employee benefits and occupancy expense was due to the opening
of the new "West Conway Office" in the late fall of 1998.  Full-time-
equivalent employees have increased from 196 at June 30, 1998 to 208 at June
30, 1999.  Other operating expenses have shown an increase due to higher
credit card department related costs to support the strong growth in
merchant discount income.

Income Taxes - Provisions for income taxes increased 2.0% from $756 for the
three-month period ended June 30, 1998 to $771 for the three-month period
ended June 30, 1999.  Income before income taxes less interest on tax-exempt
investment securities increased by .1% from $2,132 for the three-month
period ended June 30, 1998 to $2,135 for the same period in 1999.  State tax
liability increased as income before income taxes increased .3% from $2,302
to $2,309 during the same period.

Provisions for income taxes increased 3.7% from $1,413 for the six-month
period ended June 30, 1998 to $1,465 for the six-month period ended June 30,
1999. Income before income taxes less interest on tax-exempt investment
securities increased by 6.0% from $3,846 for the six-month period ended June
30, 1998 to $4,077 for the same period in 1999 and state tax liability
increased as income before income taxes increased 5.6% from $4,195 to $4,431
during the same period.

LIQUIDITY

The bank's liquidity position is primarily dependent on short-term demands
for funds caused by customer credit needs and deposit withdrawals and upon
the liquidity of bank assets to meet these needs.  The bank's liquidity
sources include cash and due from banks, federal funds sold and short-term
investments.  In addition, the bank has established federal funds lines of
credit from correspondent banks and has the ability to borrow funds from the
Federal Reserve System and the Federal Home Loan Bank of Atlanta. Management
feels that short-term and long-term liquidity sources are more than adequate
to meet funding needs.

CAPITAL RESOURCES

Total stockholders' equity was $43,194, $41,201, $37,717 and $34,496 at June
30, 1999, December 31, 1998, December 31, 1997, and December 31, 1996,
representing 9.27%, 9.66%, 9.90%, and 10.09% of total assets, respectively.
At June 30, 1999, the Bank exceeds quantitative measures established by
regulation to ensure capital adequacy (see NOTE 12 - REGULATORY MATTERS).
Capital is considered sufficient by management to meet current and
prospective capital requirements and to support anticipated growth in bank
operations.

The Company paid an approximate 25% stock dividend on September 12, 1997.
The Board increased the $3.00 per share annual cash dividend paid at year-
end 1997 to $3.50 per share at year-end 1998 which increased the cash
dividend payout ratio and cash dividend yield.




                                    22
<PAGE>
EFFECTS OF REGULATORY ACTION

The management of the Company and the Bank is not aware of any current
recommendations by the regulatory authorities which, if they were to be
implemented, would have a material effect on liquidity, capital resources,
or operations.

ACCOUNTING ISSUES

In an effort to simplify the current standards in the United States for
computing earnings per share ("EPS") and make them more compatible with
international standards, the FASB issued Statement of Financial Accounting
Standards ("SFAS") No. 128, "Earnings per Share" in February 1997.  SFAS 128
applies to entities with publicly traded common stock or potential common
stock and is effective for financial statements for periods ending after
December 15, 1997, including interim periods.  SFAS 128 simplifies the
standards for computing EPS previously found in APB Opinion 15, "Earnings
per Share."  It replaces the presentation of primary EPS with a presentation
of basic EPS.  It also requires dual presentation of basic and diluted EPS
on the face of the income statement for all companies with complex capital
structures and requires a reconciliation of the numerator and denominator of
the basic EPS computation to the numerator and denominator of the diluted
EPS computation.  The Company does not have any dilutive common stock or
equivalents and accordingly the adoption of SFAS had no effect on earnings
per share computations.

The FASB also issued SFAS No. 129, "Disclosure of Information about Capital
Structure" in February 1997. The purpose of SFAS 129 is to consolidate
existing disclosure requirements for ease of retrieval.  SFAS 129 contains
no change in disclosure requirements for companies that were subject to the
previously existing requirements. It applies to all entities and is
effective for Financial Statements for periods ending after December 15,
1997.

In June 1997, the FASB issued SFAS No. 130, "Reporting Comprehensive Income.
SFAS 130 establishes standards for reporting and display of comprehensive
income and its components (revenues, expenses, gains, and losses) in a full
set of general purpose financial statements.  SFAS 130 requires that all
items that are required to be recognized under accounting standards as
components of comprehensive income be reported in a financial statement that
is displayed with the same prominence as other financial statements.  SFAS
130 requires that companies (i) classify items of other comprehensive income
by their nature in a financial statement and (ii) display the accumulated
balance of other comprehensive income separately from retained earnings and
additional paid-in capital in the equity section of the statement of
financial condition.  SFAS 130 is effective for fiscal years beginning after
December 15, 1997. Reclassification of financial statements for earlier
periods provided for comprehensive purposes is required. The adoption of
SFAS 130 had no affect on the Company's net income or stockholders' equity.

In June 1997, the FASB also issued SFAS No. 131, "Disclosures about Segments
of an Enterprise and Related Information."  SFAS 131 establishes standards
for the way public enterprises are to report information about operating
segments in annual financial statements and requires those enterprises to
report selected information about operating segments in interim financial

                                      23<PAGE>
ACCOUNTING ISSUES (continued)

reports issued to shareholders.  It also establishes standards for related
disclosures about products and services, geographic areas, and major
customers.  SFAS 131 supersedes SFAS No. 14, "Financial Reporting for
Segments of a Business Enterprise."  SFAS 131 becomes effective for
financial statements for periods beginning after December 15, 1997, and
requires that comparative information from earlier years be restated to
conform to its requirements.  The adoption of the provisions of SFAS 131 is
not expected to have a material impact on the Company.

In June 1998, the FASB issued SFAS 133, "Accounting for Derivative
Instrument and Hedging Activities".  All derivatives are to be measured at
fair value and recognized in the balance sheet as assets or liabilities. The
statement is effective for fiscal years and quarters beginning after June
15, 1999.  Because the Company does not use derivative transactions at this
time, management does not expect that this standard will have a significant
effect on the Company.

YEAR 2000

The Year 2000 poses a significant challenge for financial institutions
because of the way date fields have been historically handled.  Older
versions of software used a two digit year date field and assumed the first
two digits of the year date to be "19".  All software applications using
this dating method must be replaced or modified to avoid computer systems
reverting to the year date of 1900 in the year 2000.

The Board of Directors early in 1997 assigned Year 2000 Project
implementation responsibility to the Electronic Data Processing (EDP)
Steering Committee.  The EDP Steering Committee is comprised of the
following members: President, Executive Vice President, Vice President and
Cashier, Vice President-Systems, Vice President-Data Processing, and
Assistant Vice President-Systems. The committee meets at least quarterly
with the meetings being reviewed by the Board Audit Committee and progress
reports made to the full Board.  The CPA firm of Tourville, Simpson, &
Henderson has been engaged to assist in Year 2000 Plan development,
implementation, and examination.

All systems used by the bank have been identified and prioritized with a
time line established for projected dates of upgrades, replacement,
certification, and testing.  Anticipated Year 2000 costs are projected to be
approximately $276,000.  The majority of this amount has been spent on
capital expenditures to be expensed over the next four years.  Twenty
thousand dollars will be spent in 1999 on public information and education.

All mission critical systems have been replaced or upgraded to Year 2000
compliance.  All mission critical systems have been tested to ensure Year
2000 functionality.  Further testing will be conducted during 1999 as deemed
appropriate.  The bank has in place a Business Interruption Plan in case of
unforeseen problems or failures.



                                   24
<PAGE>

YEAR 2000 (continued)

In June of 1999, The Conway National Bank and The Conway Chamber of Commerce
sponsored a Year 2000 Community Forum.  Participants included local
utilities, city and county governments, social security, health services,
the post office and educational institutions.  The public received progress
reports on participants' Year 2000 projects.

The bank has completed its Year 2000 Contingency Plan for cash services.
This plan will anticipate and provide for the increased demand for extra
cash by customers as we approach year-end.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

An Annual Meeting of shareholders of CNB Corporation was held in the main
office building of The Conway National Bank at 1400 Third Avenue, Conway,
South Carolina, at 4:15 p.m., Conway, South Carolina time, on May 11, 1999.

The purpose of the Annual Meeting was to: (1) elect five Directors; and (2)
ratify the appointment of Elliott, Davis, and Company, Certified Public
Accountants, as the Company's independent public accountant for the fiscal
year ending December 31, 1999.

Proxies for the meeting were solicited pursuant to Regulation 14 under the
Act; there was no solicitation in opposition to the management's nominees as
listed in the proxy statement; and all of such nominees were elected.

There were 425,493 of the 597,375 shares issued present or represented by
proxy and all shares were voted for the election of the five Directors
listed as management's nominees in the proxy statement; and for the
ratification of Elliott, Davis, and Company as the Company's 1999
independent public accountant.

                        EXHIBITS AND REPORTS ON FORM 8-K

See Exhibit Index appearing below.

(b)  Reports on Form 8-K - No reports on Form 8-K were filed during the
     quarter covered by this report.

                              EXHIBIT INDEX
Exhibit
Number


  27         Financial Data Schedule - Article 9 Financial Data Schedule for
             10-Q for electronic filers (pages 27 and 28).

All other exhibits, the filing of which are required with this Form, are not
applicable.





                                          25
<PAGE>
CNB Corporation




SIGNATURE


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.




                                   CNB Corporation
                                    (Registrant)





                                   Paul R. Dusenbury
                                   _________________________________________

                                   Paul R. Dusenbury
                                   Treasurer
                                   (Chief Financial and Accounting Officer)



Date:  August 11, 1999






















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