TABLE OF CONTENTS

                                                                            Page

President's Message....................................................... 1


General Information....................................................... 2


Selected Consolidated Financial and Other Data of the Company............. 3


Management's Discussion and Analysis of Financial Condition
and Results of Operations................................................. 5


Consolidated Financial Statements........................................ 17


Stockholder Information.................................................. 43


Corporate Information.................................................... 44


<PAGE>

June 23, 2000


Dear Fellow Shareholder:

The Board of  Directors,  Officers,  and Staff of Hardin  Bancorp,  Inc. and its
wholly owned subsidiary, Hardin Federal Savings Bank, are pleased to provide you
with our fifth annual report.

Fiscal  year 2000 was our  fifth  year as a stock  company  after  serving  area
communities for more than 107 years as a mutual savings  institution.  In fiscal
2000 we achieved record earnings of $1,272,000,  an increase from $1,073,000 for
fiscal  1999.   The  increase  was  primarily  the  result  of  an  increase  in
net-interest  income after  provision for loan losses.  Non-interest  income was
lower  due to a  reduction  in  gains  on the  sale of  loans,  investments  and
mortgage-backed   securities,   while  non-interest  expense  increased  due  to
increases in  personnel  cost,  occupancy  expense,  technology  expense and Y2K
related costs.  Diluted earnings per share were $1.78 in fiscal 2000 compared to
$1.42 in fiscal 1999.

The  Bank's  net loans  receivable  increased  by $8.6  million,  as a result of
increases in residential, construction and consumer loans. Assets increased $1.4
million to $138.5 million at March 31, 2000 and  stockholders'  equity decreased
to $12.4  million  from  $12.6  million  at March  31,  1999.  The  decrease  in
stockholders' equity was the result of an increase in the unrealized market loss
on investments available for sale.

In view of the positive  operating  results  during  fiscal  2000,  the Board of
Directors  increased  the  Company's  quarterly  dividend  to $.20 in the  first
quarter of the fiscal year. This represents the seventh dividend increase during
the Company's five years as a public company.

While fiscal 2000 was a very successful year for the Company, we look forward to
continuing  our record of  achievement  in fiscal  2001.  Our goal is to enhance
shareholder  value while  fulfilling our mission as an  independently  owned and
managed financial  institution committed to our customers and the communities we
serve.

Thank  you  for  your  confidence  in our  company,  and we  look  forward  to a
prosperous future.

Sincerely,


/s/ Robert W. King
------------------
Robert W. King
President


<PAGE>

GENERAL INFORMATION
-------------------

Hardin  Bancorp,  Inc. (the "Company") is a Delaware  Corporation,  which is the
holding  company for Hardin Federal  Savings Bank (the "Bank").  The Company was
organized by the Bank for the purpose of acquiring  all of the capital  stock of
the Bank in  connection  with the  conversion  of the Bank from  mutual to stock
form,  which was  completed on September 28, 1995 (the  "Conversion").  The only
significant  assets  of the  Company  are the  capital  stock of the  Bank,  the
Company's loan to the Company's Employee Stock Ownership Plan (the "ESOP"),  and
the  remaining  net  proceeds  of the  Conversion  retained  by the  Company  of
approximately  $687,000. The business of the Company consists of the business of
the Bank.

The Bank, which was originally chartered in 1888 as a Missouri-chartered  mutual
savings and loan  association,  is headquartered in Hardin,  Missouri.  The Bank
amended its mutual  charter to become a federal mutual savings bank in 1995. The
Federal Deposit  Insurance  Corporation (the "FDIC") insures the Bank's deposits
up to the maximum allowable  amount.  The Bank serves the financial needs of its
customers  throughout  Ray and Clay  counties  through  its  offices  in Hardin,
Richmond,  and Excelsior Springs,  Missouri.  On March 31, 2000, the Company had
total  assets of $138.5  million,  deposits of $86.6  million and  stockholders'
equity of $12.4 million.

The Bank has been, and intends to continue to be, a community-oriented financial
institution  offering financial services to meet the needs of the market area it
serves.  The Bank attracts deposits from the general public and uses such funds,
together  with  Federal  Home Loan Bank of Des  Moines  (the  "FHLB")  advances,
primarily  to  originate  and  purchase  loans  secured  by first  mortgages  on
owner-occupied   one-to-four  family   residences.   The  Bank  also  originates
construction  and  consumer  loans  and,  to a lesser  extent,  land  loans  and
commercial  real  estate  loans.  The  Bank  also  invests  in   mortgage-backed
securities,  which are  insured or  guaranteed  by federal  agencies,  and other
investment securities.

                                        2
<PAGE>

                              HARDIN BANCORP, INC.
                             -----------------------
                 SELECTED CONSOLIDATED FINANCIAL AND OTHER DATA
               --------------------------------------------------
Set forth  below  are  selected  consolidated  financial  and other  data of the
Company.  The  financial  data is derived  in part  from,  and should be read in
conjunction  with,  the  Consolidated  Financial  Statements  and Notes  thereto
presented elsewhere in this Annual Report.
<TABLE>
<CAPTION>
                                                               At or for the years ended March 31,
                                       -------------------------------------------------------------------------------------
                                           2000              1999             1998               1997             1996
                                           ----              ----             ----               ----             ----
                                                           (Dollars in Thousands except per share data)
<S>                                        <C>               <C>              <C>                <C>               <C>
Selected Financial Data:
------------------------
Total assets                               $ 138,484         $ 137,056        $ 121,092          $ 103,354         $ 83,387
Loan receivable, net                          78,059            69,505           61,274             54,568           45,031
Mortgage-backed securities:
      Held to maturity                             -                 -           10,995             13,457           16,299
      Available for sale                      11,806            12,584            8,020              5,757            7,907
Investment securities:
      Held to maturity                             -                 -           10,000                  -                -
      Available for sale                      37,793            44,519           22,656             22,340            6,363
FHLB stock                                     2,015             2,000            1,475                950              742
Other interest-bearing deposits                3,332             4,157            3,225              4,007            5,430
Deposits                                      86,565            83,327           76,884             70,201           66,605
FHLB advances                                 38,300            40,000           29,500             19,000                -
Total stockholders' equity                    12,426            12,560           13,478             13,210           16,035

Selected Operating Data:
Total interest income                          9,618             9,013            8,234              6,684            5,552
Total interest expense                         5,735             5,920            5,184              3,915            3,454
                                       --------------   ---------------   --------------    ---------------   --------------
      Net interest income                      3,883             3,093            3,050              2,769            2,098

Provision for loan losses                          1                66               94                 34               14
                                       --------------   ---------------   --------------    ---------------   --------------
Net interest income after
      provision for loan losses                3,882             3,027            2,957              2,735            2,084
                                       --------------   ---------------   --------------   ---------------   --------------
Loan fees and service charges                    626               451              176                117              110
Gain/(loss) on sales of loans,
      investments and mortgage-
      backed securities                           16               569              182                 (2)               2
Other non-interest income                        234               172              134                158              167
                                       --------------   ---------------   --------------    ---------------   --------------
      Total non-interest income                  876             1,192              492                273              279
                                       --------------   ---------------   --------------    ---------------   --------------

Total non-interest expense                     2,798             2,545            2,081              2,270 (1)        1,576
                                       --------------   ---------------   --------------    ---------------   --------------
      Earnings before income
      taxes                                    1,960             1,674            1,368                738              787
Income tax expense                               688               601              499                274              277
                                       --------------   ---------------   --------------    ---------------   --------------
      Net earnings                           $ 1,272           $ 1,073            $ 869              $ 464            $ 511
                                       ==============   ===============   ==============    ===============   ==============


Basic earnings per share                      $ 1.84            $ 1.48           $ 1.12             $ 0.52           $ 0.52
Diluted earnings per share                    $ 1.78            $ 1.42           $ 1.08             $ 0.51           $ 0.52
                                       ==============   ===============   ==============    ===============   ==============
Weighted average common &
      common equivalent shares
      outstanding                            713,278           756,526          803,554            906,334          973,383
                                       ==============   ===============   ==============    ===============   ==============
</TABLE>


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                                                          At or for the years ended March 31,
                                                                 ------------------------------------------------------
                                                                   2000       1999       1998       1997        1996
                                                                 ---------   --------   --------   --------   ---------
<S>                                                                <C>        <C>        <C>        <C>         <C>
Selected Financial
------------------
     Ratios and Other Data:
     ----------------------
Performance Ratios:
     Return on assets (ratio of net earnings to average
          total assets)                                              0.94 %     0.81 %     0.76 %     0.50 %      0.64
     Return on equity (ratio of net earnings to average equity)     10.34       8.23       6.52       3.18        4.25
     Interest rate spread (2):
          Average during year                                        2.58       1.93       2.16       2.27        2.00
          End of year                                                2.20       2.07       1.97       2.61        2.37
          Net interest margin (3)                                    2.98       2.42       2.73       3.04        2.70
     Ratio of non-interest expense to average total assets           2.07       1.93       1.82       2.43        1.98
     Ratio of average interest earning assets to average
          interest-bearing liabilities                             109.10     110.49     112.23     117.85      115.76

Quality Ratios:
     Non-performing assets to total assets at end of year            0.17       0.20       0.19       0.37        0.15
     Allowance for loan losses to non-performing loans             128.30     112.48     106.97      41.58      107.38
     Allowance for loan losses to loans receivable, net              0.39       0.45       0.40       0.29        0.29

Capital Ratios (4):
     Equity to total assets at end of year                           8.98       9.16      11.12      12.78       19.23
     Average equity to average assets                                9.07       9.88      11.65      15.70       15.05

Other Data:
     Number of full service offices                                     3          3          3          3           3
</TABLE>

(1)   Total non-interest  expense for the year ended March 31, 1997 includes the
      one time SAIF assessment of $441,000.

(2)   Interest  rate spread  represents  the  difference  between  the  weighted
      average yield on interest-earning  assets and the weighted average rate on
      interest-bearing liabilities.

(3)   Net interest  margin  represents  net interest  income as a percentage  of
      average interest-earning assets.

(4)   For  a  discussion  of  the  Bank's   regulatory   capital   ratios,   see
      "Management's  Discussion and Analysis of Financial  Condition and Results
      of Operations-Liquidity and Capital Resources."


                                        4
<PAGE>
                      MANAGEMENT'S DISCUSSION AND ANALYSIS
                      ------------------------------------
                OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                ------------------------------------------------
General
-------

The Company was formed in June 1995 by the Bank to become the holding company of
the  Bank.  The  acquisition  of the  Bank by the  Company  was  consummated  on
September 28, 1995, in connection with the Bank's conversion.  All references to
the Company prior to September 28, 1995, except where otherwise  indicated,  are
to the Bank and its subsidiary on a consolidated basis.

The  Company's  results  of  operations  depend  primarily  on its  level of net
interest   income,   which  is  the  difference   between   interest  earned  on
interest-earning  assets,  consisting  primarily  of  mortgage  loans  and other
investments, and the interest paid on interest-bearing  liabilities,  consisting
primarily of deposits and FHLB advances.  The net interest margin is affected by
regulatory, economic and competitive factors that influence interest rates, loan
demand, and deposit flows. The Company,  like other financial  institutions,  is
subject to  interest  rate risk to the degree that its  interest-earning  assets
mature  or  reprice  at  different  times  or  on a  different  basis  than  its
interest-bearing  liabilities. The Company's operating results are also affected
by the amount of its non-interest income,  including loan fees, service charges,
gains on sale of loans,  investments  and  mortgage-backed  securities and other
income, which includes commissions from sales of insurance by the Bank's service
corporation. Non-interest expense consists principally of employee compensation,
occupancy expense, data processing,  federal insurance premiums, advertising and
other operating  expenses.  The Company's  operating  results are  significantly
affected by general  economic and  competitive  conditions,  in particular,  the
changes in market interest rates,  government policies and actions by regulatory
authorities.

Forward-Looking Statements
--------------------------

In  addition  to   historical   information,   this   Annual   Report   contains
forward-looking  statements.  The  forward-looking  statements  contained in the
following  sections are subject to certain  risks and  uncertainties  that could
cause  actual  results  to  differ   materially  from  those  projected  in  the
forward-looking statements. Important factors that might cause such a difference
include,  but are not  limited  to,  those  discussed  in the  section  entitled
"Management's  Discussion  and  Analysis of Financial  Condition  and Results of
Operations."  Readers should not place undue  reliance on these  forward-looking
statements, as they reflect management's analysis as of the date of this report.
The  Company  has no  obligation  to  update  or  revise  these  forward-looking
statements to reflect events or circumstances  that occur after the date of this
report.  Readers  should  carefully  review the risk factors  described in other
documents the Company files from time to time with the  Securities  and Exchange
Commission, including Quarterly 10-QSB reports and reports filed on Form 10-KSB.

Financial Condition
-------------------

Total Assets. Total assets increased $1.4 million, or 1.1%, to $138.5 million at
March 31, 2000 from $137.1 million at March 31, 1999. The increase was primarily
funded by an increase in deposits of $3.2 million a portion of which was used to
reduce FHLB advances by $1.7 million.

Loans  Receivable,  Net.  Loans  receivable,  net increased by $8.6 million,  or
12.3%,  to $78.1 million at March 31, 2000 from $69.5 million at March 31, 1999.
The  increase is  primarily  due to  increased  loan demand in the market  areas
served by the Bank's three full-service offices and was funded by deposit

                                        5
<PAGE>

growth,  net of FHLB advance  repayments,  proceeds from sales and maturities of
investment securities and repayments of mortgage-backed securities.

Mortgage-Backed  Securities.   Mortgage-backed  securities  decreased  to  $11.8
million at March 31, 2000 from $12.6 million at March 31, 1999.  The decrease of
$779,000 was used to fund loan growth.

Investment  Securities.  Investment securities decreased $6.7 million, or 15.1%,
to $37.8  million at March 31, 2000 from $44.5  million at March 31,  1999.  The
cash generated from the reduction in investment  securities was utilized to fund
loan growth.

Deposits.  Deposits  increased $3.3 million,  or 3.9%, to $86.6 million at March
31, 2000 from $83.3 million at March 31, 1999.  Special  certificates of deposit
and more aggressive pricing of deposits and marketing of the Bank's totally free
checking accounts contributed to the increase.

Federal Home Loan Bank  Advances.  FHLB  advances  decreased to $38.3 million at
March 31, 2000 from $40.0 million at March 31, 1999. Excess funds generated from
deposits and from the sales of the Bank's investment  portfolio enabled the Bank
to repay $1.7 million of FHLB advances.

Equity.  Total stockholders' equity decreased to $12.4 million at March 31, 2000
from $12.6 million at March 31, 1999.  The $133,000  reduction was primarily due
to an increase in the unrealized  market loss related to investment  securities,
available for sale, partially offset by net earnings during fiscal 2000.

The schedule on the following  page  presents,  for the periods  indicated,  the
total dollar amount of interest income from average  interest-earning assets and
the resultant  yields, as well as the total dollar amount of interest expense on
average  interest-bearing  liabilities  and the  resultant  rates.  All  average
balances are monthly average balances.  Management does not believe that the use
of monthly balances  instead of daily balances has caused a material  difference
in the information presented.

                                        6
<PAGE>
<TABLE>
<CAPTION>

                                                                      Year Ended March 31,
                                       ----------------------------------------  ----------------------------------------
                                                         2000                                      1999
                                       ----------------------------------------  ----------------------------------------

                                         Average        Interest                   Average         Interest
                                       Outstanding      Earned /     Yield /     Outstanding       Earned /    Yield /
                                         Balance        Paid          Rate         Balance           Paid       Rate
                                       -------------    -----------  ----------  -------------    -----------  ----------

                                                                                        (Dollars in Thousands)
<S>                                       <C>              <C>         <C>          <C>              <C>         <C>
Interest-earning assets:
    Loan receivable (1)                    $ 74,542        $ 6,015     8.07%         $ 66,515        $ 5,394     8.11%
    Mortgage-backed securities               11,687            685     5.86%           16,864          1,016     6.02%
    Investment securities                    39,277          2,668     6.79%           36,233          2,238     6.18%
    FHLB stock                                2,008            129     6.42%            1,919            124     6.46%
    Other interest-bearing deposits           2,853            121     4.24%            6,531            241     3.69%
                                       -------------    -----------  --------    -------------    -----------  --------

Total interest-earning assets             $ 130,367        $ 9,618     7.38%        $ 128,062        $ 9,013     7.04%
                                       =============    ===========  ========    =============    ===========  ========


Interest-bearing liabilities:
    Savings accounts                        $ 3,960           $ 78     1.97%          $ 3,386           $ 67     1.98%
    Demand and NOW accounts                  14,965            385     2.57%           11,951            358     3.00%
    Certificate accounts                     63,987          3,296     5.15%           63,112          3,453     5.47%
    FHLB advances                            36,583          1,976     5.40%           37,458          2,042     5.45%
                                       -------------    -----------  --------    -------------    -----------  --------

Total interest-bearing liabilities        $ 119,495        $ 5,735     4.80%        $ 115,907        $ 5,920     5.11%
                                       =============    ===========  ========    =============    ===========  ========


Net interest income                                        $ 3,883                                   $ 3,093
                                                        ===========                               ===========
Net interest rate spread (2)                                           2.58%                                     1.93%
                                                                     ========                                  ========
Net interest-earning assets                $ 10,872                                  $ 12,155
                                       =============                             =============
Net interest margin (3)                                                2.98%                                     2.42%
                                                                     ========                                  ========
Average interest-earning assets to
    average interest-bearing liabilities                   109.10%                                   110.49%
                                                        ===========                               ===========
</TABLE>
<TABLE>
<CAPTION>

                                                     Year Ended March 31,
                                          -----------------------------------------
                                                                            1998
                                          -----------------------------------------

                                            Average         Interest
                                          Outstanding       Earned /     Yield /
                                            Balance           Paid         Rate
                                         -------------    -----------  -----------


<S>                                          <C>              <C>            <C>
Interest-earning assets:
    Loan receivable (1)                       $ 57,819        $ 4,781        8.27%
    Mortgage-backed securities                  19,703          1,216        6.17%
    Investment securities                       25,950          1,803        6.95%
    FHLB stock                                   1,290             87        6.74%
    Other interest-bearing deposits              6,961            347        4.98%
                                          -------------    -----------  -----------

Total interest-earning assets                $ 111,723        $ 8,234        7.37%
                                          =============    ===========  ===========



Interest-bearing liabilities:
    Savings accounts                           $ 3,363           $ 82        2.44%
    Demand and NOW accounts                      8,520            248        2.91%
    Certificate accounts                        63,205          3,488        5.52%
    FHLB advances                               24,458          1,366        5.59%
                                          -------------    -----------  -----------

Total interest-bearing liabilities            $ 99,546        $ 5,184        5.21%
                                          =============    ===========  ===========


Net interest income                                           $ 3,050
                                                           ===========
Net interest rate spread (2)                                                 2.16%
                                                                        ===========
Net interest-earning assets                   $ 12,177
                                          =============
Net interest margin (3)                                                      2.73%
                                                                        ===========
Average interest-earning assets to
    average interest-bearing liabilities                      112.23%
                                                           ===========
</TABLE>

(1)   Calculated net of deferred loan fees and  discounts,  loans in process and
      loss reserves.

(2)   Net interest rate spread  represents  the  difference  between the average
      yield on interest-earning  assets and the average rate on interest-bearing
      liabilities.

(3)   Net interest  margin  represents  net interest  income  divided by average
      interest-earning assets.

                                        7
<PAGE>

The  following  table  presents the  weighted  average  yields  earned on loans,
mortgage-backed  securities,  investment, and other interest-earning assets, and
the weighted  average  rates paid on deposits and  borrowings  and the resultant
interest rate spreads at the dates indicated.
<TABLE>
<CAPTION>

                                                                            March 31,
                                                            -------------------------------------------
                                                                 2000            1999             1998
                                                                 ----            ----             ----
<S>                                                              <C>             <C>              <C>
Weighted average yield on:
       Loans receivable                                          7.71 %          7.76 %           8.04 %
       Mortgage-backed securities                                6.09            5.89             6.19
       Investment securities                                     6.55            6.32             6.83
       FHLB stock                                                6.63            6.25             6.50
       Other interest-earning assets                             5.58            4.55             5.45
       Combined weighted average yield on
           interest-earning assets                               7.15 %          6.92 %           7.25 %
                                                            ----------      ----------       ----------

Weighted average rate paid on:
       Savings accounts                                          2.00 %          2.00 %           2.50 %
       Demand and NOW accounts                                   2.16            2.28             2.91
       Certificate accounts                                      5.28            5.29             5.59
       FHLB advances                                             5.84            5.18             5.68
       Combined weighted average rate paid on
           interest-bearing liabilities                          4.95 %          4.85 %           5.28 %
                                                            ----------      ----------       ----------

Interest Rate Spread                                             2.20 %          2.07 %           1.97 %
                                                            ==========      ==========       ==========
</TABLE>

                                        8
<PAGE>

Rate/Volume Analysis

The following  schedule presents the dollar amount of changes in interest income
and  interest  expense  for major  components  of  interest-earning  assets  and
interest-bearing  liabilities.  It  distinguishes  between  the  changes  due to
changes in outstanding  balances and those due to changes in interest rates. For
each  category  of  interest-earning  assets and  interest-bearing  liabilities,
information is provided on changes  attributable to (i) changes in volume (i.e.,
changes in volume  multiplied by prior  interest rate) and (ii) changes in rates
(i.e.,  changes in rate multiplied by prior volume). For purposes of this table,
changes attributable to both rate and volume,  which cannot be segregated,  have
been allocated  proportionately to the changes due to volume and the changes due
to rate.
<TABLE>
<CAPTION>

                                                                         Year Ended March 31,
                                        ---------------------------------------------------------------------------------------
                                                        2000 vs 1999                                1999 vs 1998
                                        ---------------------------------------------------------------------------------------
                                               Increase                                       Increase
                                              (Decrease)                   Total             (Decrease)                Total
                                                Due to                   Increase              Due to                 Increase
                                        -----------------------                        -----------------------
                                         Volume         Rate            (Decrease)      Volume         Rate          (Decrease)
                                       -----------------------          ----------     -----------------------       ----------

                                                                        (Dollars in Thousands)
<S>                                        <C>           <C>           <C>              <C>            <C>               <C>
Interest-earning assets:
      Loans receivable                     $ 648         $ (27)        $ 621              $ 704         $ (91)           $ 613
      Mortgage-backed securities            (305)          (26)         (331)              (171)          (29)            (200)
      Investment securities                  198           232           430                448           (13)             435
      FHLB stock                               6            (1)            5                 41            (4)              37
      Other interest-earning assets         (163)           43          (120)               (20)          (86)            (106)
                                        ---------      --------     ---------          ---------      --------      -----------
Total interest-earning assets              $ 384         $ 221         $ 605            $ 1,002        $ (223)           $ 779
                                        ---------      --------     ---------          ---------      --------      -----------


Interest-bearing liabilities:
      Savings accounts                      $ 11           $ -          $ 11                $ 1         $ (16)           $ (15)
      Demand and NOW accounts                 62           (35)           27                102             8              110
      Certificate accounts                    49          (206)         (157)                (5)          (30)             (35)
      FHLB advances                          (47)          (19)          (66)               709           (33)             676
                                        ---------      --------     ---------          ---------      --------      -----------
Total interest-bearing liabilities          $ 75        $ (260)       $ (185)             $ 807         $ (71)           $ 736
                                        ---------      --------     ---------          ---------      --------      -----------


      Net interest income                  $ 309         $ (39)        $ 420              $ 195        $ (152)            $ 43
                                        =========      ========     =========          =========      ========      ===========
</TABLE>

                                        9
<PAGE>

Comparison of operating results for the years ended March 31, 2000
------------------------------------------------------------------
and March 31, 1999.
------------------

Performance Summary. Net earnings for the year ended March 31, 2000 increased by
$199,000,  or 18.5%,  to $1,272,000 from $1,073,000 for the year ended March 31,
1999.  Diluted  earnings per share were $1.78 for the year ended March 31, 2000,
and $1.42 for the year ended  March 31,  1999.  Improved  annual  earnings  were
primarily the result of an increase in net interest  income after  provision for
loan losses.  This  increase was due to a change in the  composition  of earning
assets from  investments to higher yielding loans. For the years ended March 31,
2000 and 1999,  the  return on average  assets was .94% and .81%,  respectively,
while the return on average equity was 10.34% and 8.23%, respectively.

Net  Interest  Income.  Net  interest  income for the year ended  March 31, 2000
increased by $790,000 or 25.5%, to $3,883,000 from $3,093,000 for the year ended
March 31,  1999.  Growth in the loan  portfolio  funded by  investments  was the
primary reason for the increase.

For the year ended March 31, 2000, the average yield on interest-earning  assets
was  7.38%   compared  to  7.04%  for  fiscal   1999.   The   average   cost  of
interest-bearing  liabilities  was 4.80% for the year ended  March 31,  2000,  a
decrease from 5.11% for fiscal 1999.

The  average  interest  rate  spread was 2.58% for the year ended March 31, 2000
compared to 1.93% for fiscal 1999. The average net interest margin  increased to
2.98% for the year ended  March 31,  2000  compared  to 2.42% for the year ended
March 31, 1999.

Provision  for Loan Losses.  During the year ended March 31,  2000,  the Company
recorded   $1,297  in  provision  for  loan  losses  in   accordance   with  its
classification of assets policy. The Company's loan portfolio consists primarily
of one-to-four family mortgage loans, and has experienced minimal charge-offs in
recent  years.  The  allowance  for loan  losses  of  $304,000  or .39% of loans
receivable,  net at  March  31,  2000,  compares  to  $311,000  or .45% of loans
receivable, net at March 31, 1999. The allowance for loan losses as a percentage
of non-performing  assets was 128.30% at March 31, 2000,  compared to 112.48% at
March 31, 1999.

Management  will  continue  to monitor  its  allowance  for loan losses and make
additions to the  allowance  through the  provision  for loan losses as economic
conditions dictate. Although the Company maintains its allowance for loan losses
at a level  considered  to be adequate,  there can be no  assurance  that future
losses will not exceed estimated amounts or that additional  provisions for loan
losses will not be required in the future.

Non-Interest  Income.  For the year ended March 31,  2000,  non-interest  income
decreased by $315,000 or 26.5% due primarily to a substantial  decrease in gains
recognized on the sale of loans,  investments  and  mortgage-backed  securities.
Service charges, loan servicing fees and other non-interest income increased for
the year.

Non-Interest  Expense.  Non-interest  expense increased $253,000 to $2.8 million
for the year ended March 31, 2000 from $2.5 million for the year ended March 31,
1999.  The increase  was due to added staff in both the  Richmond and  Excelsior
Springs office,  as well as expenses related to  technological  enhancements and
year 2000 issues.

Income  Taxes.  Income  taxes  increased  $88,000 to $689,000 for the year ended
March 31, 2000 from $601,000 for the year ended March 31, 1999.  The increase is
due to the increase in pre-tax income. The Company's  effective tax rate was 35%
and 36% for fiscal 2000 and 1999, respectively.

                                       10
<PAGE>

Comparison of operating results for the years ended March 31, 1999 and
----------------------------------------------------------------------
March 31, 1998.
--------------

Performance Summary. Net earnings for the year ended March 31, 1999 increased by
$204,000,  or 23.5%,  to  $1,073,000  from $869,000 for the year ended March 31,
1998.  Diluted  earnings per share were $1.42 for the year ended March 31, 1999,
and $1.08 for the year ended  March 31,  1998.  Improved  annual  earnings  were
primarily the result of an increase in non-interest  income, which was partially
offset,  by an increase in non-interest  expense.  For the years ended March 31,
1999 and 1998,  the  return on average  assets was .81% and .76%,  respectively,
while the return on average equity was 8.23% and 6.52%, respectively.

Net Interest  Income.  Net interest income  remained  basically the same at $3.1
million for the fiscal years ended March 31, 1999 and 1998.

For the year ended March 31, 1999, the average yield on interest-earning  assets
was  7.04%   compared  to  7.37%  for  fiscal   1998.   The   average   cost  of
interest-bearing  liabilities  was 5.11% for the year ended  March 31,  1999,  a
decrease from 5.21% for fiscal 1998.

The  average  interest  rate  spread was 1.93% for the year ended March 31, 1999
compared to 2.16% for fiscal 1998. The average net interest margin  decreased to
2.42% for the year ended  March 31,  1999  compared  to 2.73% for the year ended
March 31, 1998.

Provision  for Loan Losses.  During the year ended March 31,  1999,  the Company
recorded   $66,000  in  provision  for  loan  losses  in  accordance   with  its
classification of assets policy. The Company's loan portfolio consists primarily
of one-to-four family mortgage loans, and has experienced minimal charge-offs in
the past two years.  The  allowance for loan losses of $311,000 or .45% of loans
receivable,  net at  March  31,  1999,  compares  to  $248,000  or .40% of loans
receivable, net at March 31, 1998. The allowance for loan losses as a percentage
of non-performing  assets was 112.48% at March 31, 1999,  compared to 106.97% at
March 31, 1998.

Non-Interest  Income.  For the year ended March 31,  1999,  non-interest  income
increased by $700,000 or 142% due primarily to increased  service charge income,
and gains  recognized  on the sale of  loans,  investments  and  mortgage-backed
securities.

Non-Interest  Expense.  Non-interest  expense increased $464,000 to $2.5 million
for the year ended March 31, 1999 from $2.1 million for the year ended March 31,
1998.  The increase  was due to added staff in both the  Richmond and  Excelsior
Springs office,  as well as expenses related to  technological  enhancements and
year 2000 issues.

Income  Taxes.  Income taxes  increased  $102,000 to $601,000 for the year ended
March 31, 1999 from $499,000 for the year ended March 31, 1998.  The increase is
due to the increase in pre-tax income. The Company's  effective tax rate was 36%
for fiscal 1999 and 1998.

Asset Liability Management and Market Risk
------------------------------------------

As with other savings  institutions,  the  Company's  most  significant  form of
market risk is interest  rate risk.  One of the  Company's  principal  financial
objectives is to achieve long-term  profitability while reducing its exposure to
fluctuations in interest rates. The Company has sought to reduce exposure of its
earnings to changes in market  interest  rates by managing the mismatch  between
asset and liability maturities and interest rates. The principal element in

                                       11
<PAGE>

achieving this objective has been to increase the  interest-rate  sensitivity of
the  Company's  assets by  originating  loans  with  interest  rates  subject to
periodic  adjustment  to  market  conditions.   Accordingly,  the  Company  also
generally  sold its  long-term  fixed-rate  loans in the secondary  market.  The
Company currently retains longer-term  fixed-rate loans in the portfolio as part
of its effort to increase the size and yield of its loan portfolio and to reduce
its mortgage-backed  securities  portfolio.  The Company has adopted an informal
policy,  which is subject to change from time to time,  to  increase  the longer
term fixed-rate  loans in its portfolio so that such loans comprise up to 60% of
total loans  receivable.  In  addition,  the  Company  has  invested in short to
intermediate  term investments and adjustable rate  mortgage-backed  securities,
which although long-term in nature,  adjust  periodically in response to changes
in general levels of interest rates.

The Company has historically  relied upon retail deposit accounts as its primary
source of funds.  Management  believes  that the retail  deposit  accounts  as a
source of funds, compared to brokered deposits and long-term borrowings, reduces
the effects of interest  rate  fluctuations  because  these  deposits  generally
represent a more stable source of funds. In addition, the Company has emphasized
longer-term  certificate  accounts  in an effort to extend the  maturity  of its
liabilities.

The Company's  Board of Directors has formulated an Asset  Liability  Management
Policy designed to promote long-term  profitability while managing interest-rate
risk.  The Company  recognizes the inherent risk in its  interest-sensitive  gap
position,  particularly in periods of fluctuating  interest  rates.  The current
negative one-year gap position is within the board-prescribed limits.

The following table sets forth at March 31, 2000, the amount of interest-earning
assets and interest-bearing  liabilities maturing,  repricing or callable within
the time periods  indicated.  The table assumes a 12% annual prepayment rate for
fixed-rate real estate loans, adjustable-rate real estate loans, mortgage-backed
securities and consumer  loans.  The Bank's deposits are classified as repricing
in the "six months or less" category,  except for certificate accounts which are
classified based upon their actual maturity.

                                       12
<PAGE>
<TABLE>
<CAPTION>
                                                                          Maturing or Repricing
                                           -------------------------------------------------------------------------------------
                                                            Over 6          Over          Over
                                            6 Months       Months to         1-3           3-5           Over
                                             or Less       One Year         Years         Years        5 Years         Total
                                           -------------------------------------------------------------------------------------
                                                                          (Dollars in Thousands)
<S>                                           <C>            <C>            <C>           <C>           <C>           <C>
Interest-earning assets:
     Fixed rate real estate loans              $ 3,045        $ 3,775        $ 9,658       $ 6,973      $ 22,334       $ 45,785
     Adjustable rate real estate loans           7,792          9,095          7,507             -             -         24,394
     Commercial business loans                     475              -             21             -           300            796
     Consumer loans                              1,645          1,376          2,962         2,643         1,565         10,191
     Mortgage-backed securities
        available for sale                       9,079          2,727              -             -             -         11,806
     Investment securities                      26,122              -          1,289         1,241         9,141         37,793
     FHLB Stock                                  2,015              -              -             -             -          2,015
     Other                                       3,332              -              -             -             -          3,332
                                           ------------   ------------   ------------  ------------   -----------   ------------
        Total interest-earning assets         $ 53,505       $ 16,973       $ 21,437      $ 10,857      $ 33,340      $ 136,112
                                           ============   ============   ============  ============   ===========   ============


Interest-bearing liabilities:
     Savings accounts                          $ 4,402            $ -            $ -           $ -           $ -          4,402
     Demand and NOW accounts                    15,816              -              -             -             -         15,816
     Certificate accounts                       55,975          2,034          3,223         2,442            20         63,694
     FHLB advances                               5,000         18,300         15,000             -             -         38,300
                                           ------------   ------------   ------------  ------------   -----------   ------------
        Total interest-bearing liabilities    $ 81,193       $ 20,334       $ 18,223       $ 2,442          $ 20      $ 122,212
                                           ============   ============   ============  ============   ===========   ============

Interest-earning assets
     less interest-bearing liabilities       $ (27,688)      $ (3,361)       $ 3,214       $ 8,415      $ 33,320       $ 13,900

Cumulative interest-rate
     sensitivity gap                         $ (27,688)     $ (31,049)     $ (27,835)    $ (19,420)     $ 13,900       $ 13,900

Cumulative interest-rate gap as a
     percentage of assets
     at March 31, 2000                          (19.99) %      (22.42) %      (20.10)%      (14.02) %      10.04  %       10.04  %

Cumulative interest-rate gap as a
     percentage of interest-earning
     assets at March 31, 2000                   (20.34) %      (22.81) %      (20.45)%      (14.27) %      10.21  %       10.21  %
</TABLE>

                                       13
<PAGE>

Net Portfolio Value
-------------------

In order to encourage  institutions  to reduce  their  interest  rate risk,  the
Office  of Thrift  Supervision  (the  "OTS")  adopted  a rule  incorporating  an
interest rate risk ("IRR")  component into the risk based capital rules. The IRR
component is a dollar  amount that will be deducted  from total  capital for the
purpose of calculating an institution's  risk-based  capital  requirement and is
measured  in terms of the  sensitivity  of its net  portfolio  value  ("NPV") to
changes in interest rates.  NPV is the difference  between incoming and outgoing
discounted cash flows from assets, liabilities, and off-balance sheet contracts.
An  institution's  IRR is  measured  as the  change  to its NPV as a result of a
hypothetical  200 basis point (bp) change in market  interest rates. A resulting
change in NPV of more than 2% of the  estimated  market value of its assets will
require the  institution  to deduct from its capital 50% of that excess  change.
The Rules provide that the OTS will  calculate  the IRR component  quarterly for
each institution. The Bank, based on asset size and risk-based capital, has been
informed  by the  OTS  that it is  exempt  from  this  rule.  Nevertheless,  the
following  table presents the Bank's NPV at March 31, 2000, as calculated by the
OTS.

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------
                                Net Portfolio Value              NPV as % of PV of Assets
Change in Rates           $ Amount    $ Change     % Change       NPV Ratio       Change
--------------------------------------------------------------------------------------------
                                  (Dollars in Thousands)
<S>                           <C>       <C>            <C>              <C>         <C>
+300 bp                        3,967    -10,798        -73%              3.14%      -744 bp
+200 bp                        7,546     -7,220        -49%              5.78%      -481 bp
+100 bp                       11,066     -3,699        -25%              8.20%      -239 bp
0 bp                          14,765                                    10.59%
-100 bp                       17,645      2,880        +20%             12.32%      +174 bp
-200 bp                       17,740      2,974        +20%             12.31%      +172 bp
-300 bp                       18,029      3,263        +22%             12.41%      +182 bp
--------------------------------------------------------------------------------------------
</TABLE>


The Board of  Directors  reviews and  evaluates  the Bank's  interest  rate risk
exposure  on a  quarterly  basis.  Based upon its recent  analysis of the Bank's
interest rate risk, as measured by the net portfolio value methodology set forth
above,  the Board of Directors has determined to take steps to reduce the Bank's
interest rate risk  sensitivity as measured by that  methodology.  Management of
the  Bank  is  evaluating   several   alternatives  to  accomplish  the  Board's
objectives, which are expected to be implemented in fiscal 2001.

Certain  shortcomings  are inherent in the method of analysis  presented in both
the  computation  of NPV and in the analysis  presented in prior tables  setting
forth the maturing and repricing of interest-earning assets and interest-bearing
liabilities. Although certain assets and liabilities may have similar maturities
or periods within which they will reprice, they may react differently to changes
in  market  interest  rates.  The  interest  on  certain  types  of  assets  and
liabilities may fluctuate in advance of changes in market interest rates,  while
interest  rates  on  other  types  may  lag  behind  changes  in  market  rates.
Additionally, adjustable-rate mortgages have features, which restrict changes in
interest  rates on a  short-term  basis  and over  the  life of the  asset.  The
proportion of adjustable-rate loans could be reduced in future periods if market
interest rates would decrease and remain at lower levels for a sustained period,
due to  increased  refinance  activity.  Further,  in the  event of a change  in
interest  rates,  prepayment  and early  withdrawal  levels would likely deviate
significantly  from those  assumed in the table.  Finally,  the  ability of many
borrowers to service their  adjustable-rate  debt may decrease in the event of a
sustained interest rate increase.

                                       14
<PAGE>

Liquidity and Capital Resources
-------------------------------

The Company's primary sources of funds are deposits,  FHLB advances,  repayments
and  prepayments  of loans  and  mortgage-backed  securities,  the  maturity  of
investment  securities  and interest  income.  Although  maturity and  scheduled
amortization of loans are relatively predictable sources of funds, deposit flows
and prepayments on loans are influenced significantly by general interest rates,
economic conditions and competition.

The primary  investing  activity of the Company is originating  adjustable  rate
mortgages  and fixed rate  mortgages  to be held to  maturity.  The Company will
purchase loans from other Missouri  originators if loans are  unavailable in its
market  area.  For the fiscal  years  ended  March 31,  2000 and 1999,  the Bank
originated  loans for its  portfolio  in the amount of $30.3  million  and $29.5
million,  respectively.  The Bank  purchased  loans  totaling  $423,000 and $1.7
million during the fiscal years ended March 31, 2000 and 1999, respectively.

The Bank is required to maintain  minimum  levels of liquid assets under the OTS
regulations.  Savings  institutions  are  required to maintain an average  daily
balance of liquid assets (including cash,  certain time deposits,  and specified
U.S.  Government,  State or Federal Agency obligations) of not less than 4.0% of
its  average  daily  balance  of  net  withdrawable   accounts  plus  short-term
borrowings.

It is the  Bank's  policy  to  maintain  its  liquidity  portfolio  in excess of
regulatory  requirements.  The Bank's eligible  liquidity  ratios were 33.8% and
61.2%,  respectively,  at March 31,  2000 and 1999.  The  Company's  most liquid
assets are cash and cash equivalents,  which include short-term investments.  At
March 31, 2000 and 1999, cash and cash  equivalents  were $ 4.8 million and $5.0
million, respectively.

Liquidity  management for the Company is both an ongoing and long-term component
of the Company's asset liability management strategy. Excess funds generally are
invested in overnight  deposits at the FHLB.  Should the Company  require  funds
beyond its ability to generate them internally,  additional sources of funds are
available  through  advances  from the FHLB.  The Company  would pledge its FHLB
stock or certain other assets as collateral for such advances.

At March 31, 2000, the Bank had outstanding loan commitments of $1.5 million and
undisbursed loans in process of $2.9 million.  It is anticipated that sufficient
funds  will be  available  to  meet  current  loan  commitments  including  loan
applications received and in process.

Certificates  of deposits,  which are scheduled to mature in one year or less at
March 31,  2000 were  $58.0  million.  Management  believes  that a  significant
portion of such deposits will remain with the Bank.

At March 31, 2000 the Bank had  tangible  equity of $13.2  million,  or 9.43% of
total adjusted assets,  which is  approximately  $11.1 million above the minimum
requirement  of 1.5% of adjusted  total  assets on that date.  The Bank had core
capital of $13.2  million,  or 9.43% of  adjusted  total  assets,  which is $7.6
million above the minimum  leverage  ratio  requirement  of 4% in effect on that
date.  The Bank  had  total  risk  based  capital  of $13.5  million  and  total
risk-weighted  assets of $72.4 million, or total risk based capital of 18.63% of
risk-weighted assets. This was $7.7 million above the 8.0% requirement in effect
on that date.

                                       15
<PAGE>

Recent Accounting Developments
------------------------------

The FASB issued SFAS No. 133, Accounting for Derivative  Instruments and Hedging
Activities  in June 1998.  SFAS No. 133  establishes  accounting  and  reporting
standards for derivative  instruments,  including certain derivative instruments
embedded in other  contracts,  and for hedging  activities.  It requires that an
entity  recognize  all  derivatives  as  either  assets  or  liabilities  in the
statement of financial  position and measure  those  instruments  at fair value.
This  statement is effective for all fiscal  quarters of fiscal years  beginning
after June 15, 2000; however, the Company adopted the provisions of SFAS No. 133
at July 1,  1998  and  utilized  an  option  to  transfer  its  held-to-maturity
investment security portfolio to available-for-sale. Accordingly, all unrealized
gains and losses were recorded at the date.  Management believes adoption of the
remaining  provisions  of SFAS No.  133 did not have a  material  effect  on the
Company's financial position or results of operations,  nor did adoption require
additional capital resources.

Year 2000 Compliance
--------------------

Hardin Bancorp,  Inc. had a successful  transition to year 2000 processing.  The
Company  will  continue to monitor all  processing  to ensure that no Y2K issues
arise in the future.  The Company has taken the necessary  steps to validate and
test its contingency/business resumption plan in order to minimize the impact on
operations should there be system failures in the future.

Impact of Inflation and Changing Prices
---------------------------------------

The Consolidated  Financial  Statements and Notes thereto  presented herein have
been prepared in accordance with generally accepted accounting principles, which
generally  requires the measurement of financial  position and operating results
in terms of historical  dollars  without  considering the change in the relative
purchasing power of money over time due to inflation. The impact of inflation is
reflected in the  increased  cost of the  Company's  operations.  Nearly all the
assets and  liabilities  of the Company are  financial,  unlike most  industrial
companies.  As a result,  the  Company's  performance  is  directly  impacted by
changes in interest  rates,  which are  indirectly  influenced  by  inflationary
expectations.  The Company's  ability to match the interest  sensitivity  of its
financial assets to the interest sensitivity of its financial liabilities in its
asset/liability  management  may tend to  minimize  the  effect  of  changes  in
interest  rates on the Company's  performance.  Changes in interest rates do not
necessarily  move to the same  extent  as  changes  in the  price  of goods  and
services. In the current increasing interest rate environment, liquidity and the
maturity  structure of the Company's  assets and liabilities are critical to the
maintenance of acceptable performance levels.

                                       16

<PAGE>







                      HARDIN BANCORP, INC. AND SUBSIDIARIES

                 Consolidated Financial Statements and Schedules

                         March 31, 2000, 1999, and 1998

                   (With Independent Auditors' Report Thereon)







                                       17


<PAGE>

                          Independent Auditors' Report



     The Board of Directors
     Hardin Bancorp, Inc.:


     We have  audited the  accompanying  consolidated  balance  sheets of Hardin
     Bancorp,  Inc. and subsidiaries (the Company) as of March 31, 2000 and 1999
     and the related consolidated  statements of earnings,  stockholders' equity
     and  comprehensive  income,  and cash  flows  for each of the  years in the
     three-year  period  ended  March 31,  2000.  These  consolidated  financial
     statements  are  the  responsibility  of  the  Company's  management.   Our
     responsibility  is to express an  opinion on these  consolidated  financial
     statements based on our audits.

     We conducted our audits in accordance  with  auditing  standards  generally
     accepted in the United States of America.  Those standards  require that we
     plan and perform the audit to obtain reasonable assurance about whether the
     consolidated  financial  statements are free of material  misstatement.  An
     audit includes examining,  on a test basis, evidence supporting the amounts
     and disclosures in the  consolidated  financial  statements.  An audit also
     includes assessing the accounting principles used and significant estimates
     made  by  management,  as  well  as  evaluating  the  overall  consolidated
     financial  statement  presentation.  We believe  that our audits  provide a
     reasonable basis for our opinion.

     In our opinion,  the consolidated  financial  statements  referred to above
     present fairly,  in all material  respects,  the financial  position of the
     Company as of March 31, 2000 and 1999 and the results of its operations and
     its cash flows for each of the years in the  three-year  period ended March
     31, 2000, in conformity with accounting  principles  generally  accepted in
     the United States of America.

     /s/ KPMG LLP
     -------------

     May 19, 2000
     Kansas City, Missouri


                                       18
<PAGE>

                      HARDIN BANCORP, INC. AND SUBSIDIARIES

                           Consolidated Balance Sheets

                             March 31, 2000 and 1999

<TABLE>
<CAPTION>

                                      Assets                                                 2000             1999
                                                                                       ---------------   --------------
<S>                                                                                  <C>                       <C>
Cash                                                                                 $      1,418,308          838,044
Interest-bearing deposits in other financial institutions                                   3,331,934        4,156,648
Investment securities available-for-sale (note 2):                                         37,793,223       44,519,193
Mortgage-backed securities available-for-sale (note 3):                                    11,805,699       12,584,419
Loans receivable, net (note 4)                                                             78,059,195       69,504,900
Accrued interest receivable on:
    Investment securities                                                                     487,312          501,114
    Mortgage-backed securities                                                                 84,232           91,008
    Loans receivable                                                                          548,094          456,003
Premises and equipment (note 5)                                                             1,777,911        1,832,311
Stock in Federal Home Loan Bank (FHLB) of Des Moines, at cost                               2,015,000        2,000,000
Deferred income taxes (note 8)                                                                816,000          188,000
Prepaid expenses and other assets                                                             347,403          384,481
                                                                                       ---------------   --------------

            Total assets                                                             $    138,484,311      137,056,121
                                                                                       ===============   ==============

                      Liabilities and Stockholders' Equity

Liabilities:
    Deposits (note 6)                                                                $     86,565,365       83,326,871
    Advances from borrowers for property taxes and insurance                                  359,670          294,424
    Advances from FHLB (note 7)                                                            38,300,000       40,000,000
    Accrued interest payable                                                                   40,935           40,949
    Current income taxes payable (note 8)                                                      73,601          159,367
    Accrued expenses and other liabilities                                                    718,463          674,969
                                                                                       ---------------   --------------

            Total liabilities                                                             126,058,034      124,496,580
                                                                                       ---------------   --------------

Stockholders' equity:
    Serial  preferred stock,  $.01 par value;  500,000 shares  authorized,  none
    issued -- -- Common  stock,  $.01 par value;  3,500,000  shares  authorized,
    1,058,000
      shares issued                                                                            10,580           10,580
    Additional paid-in capital                                                             10,319,573       10,252,604
    Retained earnings                                                                       8,813,865        8,097,420
    Accumulated other comprehensive loss                                                   (1,477,663)        (394,038)
    Unearned employee benefits (note 9)                                                      (429,323)        (643,395)
    Treasury stock of 326,547 and 323,247 shares in 2000 and 1999,
      respectively, at cost                                                                (4,810,755)      (4,763,630)
                                                                                       ---------------   --------------

            Total stockholders' equity                                                     12,426,277       12,559,541

Commitments and contingencies (notes 4 and 11)
                                                                                       ---------------   --------------

            Total liabilities and stockholders' equity                               $    138,484,311      137,056,121
                                                                                       ===============   ==============
</TABLE>

See accompanying notes to consolidated financial statements.


                                       19
<PAGE>

                      HARDIN BANCORP, INC. AND SUBSIDIARIES

                       Consolidated Statements of Earnings

                   Years ended March 31, 2000, 1999, and 1998
<TABLE>
<CAPTION>
                                                                                         2000         1999         1998
                                                                                      -----------  -----------   ----------
<S>                                                                                 <C>             <C>          <C>
Interest income:
   Loans receivable                                                                 $  6,014,979    5,394,023    4,780,918
   Mortgage-backed securities                                                            684,603    1,015,679    1,216,181
   Investment securities                                                               2,667,517    2,238,362    1,803,383
   Other                                                                                 250,509      365,046      433,660
                                                                                      -----------  -----------   ----------

           Total interest income                                                       9,617,608    9,013,110    8,234,142
                                                                                      -----------  -----------   ----------

Interest expense:
   Deposits (note 6)                                                                   3,759,431    3,878,471    3,817,487
   FHLB advances                                                                       1,975,589    2,041,955    1,366,316
                                                                                      -----------  -----------   ----------

           Total interest expense                                                      5,735,020    5,920,426    5,183,803
                                                                                      -----------  -----------   ----------

           Net interest income                                                         3,882,588    3,092,684    3,050,339

Provision for losses on loans (note 4)                                                     1,297       65,973       93,671
                                                                                      -----------  -----------   ----------

           Net interest income after provision for losses                              3,881,291    3,026,711    2,956,668
                                                                                      -----------  -----------   ----------

Noninterest income:
   Service charges                                                                       594,671      421,299      141,531
   Loan servicing fees                                                                    31,155       29,586       34,260
   Gain on sale of loans                                                                   9,331       90,061       70,433
   Gain on sale of investments and mortgage-backed
     securities (notes 2 and 3)                                                            7,164      478,940      111,484
   Other                                                                                 234,706      172,570      134,472
                                                                                      -----------  -----------   ----------

           Total noninterest income                                                      877,027    1,192,456      492,180
                                                                                      -----------  -----------   ----------

Noninterest expense:
   Compensation and benefits (note 9)                                                  1,427,493    1,374,315    1,138,519
   Occupancy and equipment                                                               273,400      242,363      149,465
   Federal insurance premiums                                                             41,074       47,180       45,742
   Data processing                                                                       212,249      171,375      109,836
   Real estate owned                                                                       3,377           --        1,439
   Other                                                                                 840,522      709,931      636,426
                                                                                      -----------  -----------   ----------

           Total noninterest expense                                                   2,798,115    2,545,164    2,081,427
                                                                                      -----------  -----------   ----------

           Earnings before income taxes                                                1,960,203    1,674,003    1,367,421

Income tax expense (note 8)                                                              688,580      600,651      498,847
                                                                                      -----------  -----------   ----------

           Net earnings                                                             $  1,271,623    1,073,352      868,574
                                                                                      ===========  ===========   ==========

Earnings per share:
   Basic                                                                            $       1.84         1.48         1.12
   Diluted                                                                                  1.78         1.42         1.08
                                                                                      ===========  ===========   ==========
</TABLE>

See accompanying notes to consolidated financial statements.

                                       20
<PAGE>

                      HARDIN BANCORP, INC. AND SUBSIDIARIES

    Consolidated Statements of Stockholders' Equity and Comprehensive Income

                   Years ended March 31, 2000, 1999, and 1998

<TABLE>
<CAPTION>

                                                                               Accumulated
                                                             Additional           other
                                                                              comprehensive  Unearned
                                               Common    paid-in     Retained     income     employee            Treasury
                                               stock     capital     earnings     (loss)     benefits       stock        Total
                                             --------- ----------  -----------------------  ------------  ---------    ----------
<S>                                         <C>         <C>         <C>          <C>        <C>           <C>           <C>
Balance, March 31, 1997                     $   10,580  10,084,729  6,994,680    (234,597)  (1,050,264)   (2,595,402)   13,209,726
                                             --------- ----------  ---------    ---------   ----------    ----------    ----------

Comprehensive income:
   Net earnings                                     --          --    868,574          --           --            --       868,574
   Other comprehensive income - unrealized
     holding gains on debt and equity
     securities available-for-sale, net of
     reclassification adjustments for amounts
     included in net income, net of taxes of
     $70,000                                        --          --         --     136,271           --            --       136,271
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

          Total comprehensive income                --          --    868,574     136,271           --            --     1,004,845
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

Allocation of Employee Stock Ownership
   Plan (ESOP) shares                               --      80,707         --          --      118,520            --       199,227
Repurchase of common stock                          --          --         --          --           --      (641,745)     (641,745)
Amortization of recognition and retention plan      --          --         --          --       86,453            --        86,453
Dividends declared ($.49 per share)                 --          --   (380,934)         --           --            --      (380,934)
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

Balance, March 31, 1998                         10,580  10,165,436  7,482,320     (98,326)    (845,291)   (3,237,147)   13,477,572
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

Comprehensive income:
   Net earnings                                     --          --  1,073,352          --           --            --     1,073,352
   Other comprehensive loss - unrealized
     holding losses on debt and equity
     securities available-for-sale, net of
     reclassification adjustments for amounts
     included in net income, net of taxes
     of $283,000                                    --          --         --    (295,712)          --            --      (295,712)
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

          Total comprehensive income (loss)         --          --  1,073,352    (295,712)          --            --       777,640
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

Allocation of ESOP shares                           --      87,168         --          --      113,090            --       200,258
Repurchase of common stock                          --          --         --          --           --    (1,526,483)   (1,526,483)
Amortization of recognition and retention plan      --          --         --          --       88,806            --        88,806
Dividends declared ($.63 per share)                 --          --   (458,252)         --           --            --      (458,252)
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

Balance, March 31, 1999                         10,580  10,252,604  8,097,420    (394,038)    (643,395)   (4,763,630)   12,559,541
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

Comprehensive income:
   Net earnings                                     --          --  1,271,623          --           --            --     1,271,623
   Other comprehensive loss - unrealized
     holding losses on debt and equity
     securities available-for-sale, net of
     reclassification adjustments for amounts
     included in net income, net of taxes
     of $4,000                                      --          --         --  (1,083,625)          --            --    (1,083,625)
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

          Total comprehensive income (loss)         --          --  1,271,623  (1,083,625)          --            --       187,998
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

Allocation of ESOP shares                           --      66,969         --          --      117,140            --       184,109
Repurchase of common stock                          --          --         --          --           --       (47,125)      (47,125)
Amortization of recognition and retention plan      --          --         --          --       96,932            --        96,932
Dividends declared ($.80 per share)                 --          --   (555,178)         --           --            --      (555,178)
                                             ---------  ----------  ---------   ---------   ----------    ----------    ----------

Balance, March 31, 2000                     $   10,580  10,319,573  8,813,865  (1,477,663)    (429,323)   (4,810,755)   12,426,277
                                             =========  ==========  =========   =========   ==========    ==========    ==========
</TABLE>

See accompanying notes to consolidated financial statements.


                                       21
<PAGE>

                                         HARDIN BANCORP, INC. AND SUBSIDIARIES

                                         Consolidated Statements of Cash Flows

                                      Years ended March 31, 2000, 1999, and 1998

<TABLE>
<CAPTION>

                                                                              2000            1999             1998
                                                                          -------------   -------------   --------------
<S>                                                                     <C>                  <C>                <C>
Operating activities:
    Net earnings                                                        $    1,271,623       1,073,352          868,574
    Adjustments to reconcile net earnings to net cash provided
      by operating activities:
        Provision for losses on loans                                            1,297          65,973           93,671
        Depreciation and amortization                                          152,046         131,524           80,494
        Premium amortization and accretion of discounts and
          deferred loan fees, net                                               50,092        (154,421)        (328,422)
        Gain on sales of loans and securities, net                             (16,495)       (569,001)        (181,917)
        Gain on sales of real estate owned                                          --              --           (5,657)
        Proceeds from sales of loans held for sale                             674,219       1,913,636          428,016
        Origination of loans held for sale                                    (664,888)     (2,066,821)        (423,619)
        Allocation of ESOP shares                                              184,109         200,258          199,227
        Amortization of deferred recognition and retention plan                 96,932          88,806           86,453
        Provision for deferred income taxes                                    (33,000)        (30,000)         (22,000)
        Changes in other assets and liabilities:
          Accrued interest receivable                                          (71,513)       (159,927)        (105,504)
          Prepaid expenses and other assets                                     43,984        (107,989)         (43,373)
          Accrued interest payable                                                 (14)        (15,200)             898
          Accrued expenses and other liabilities                                29,418          78,692           74,647
          Income taxes payable                                                 (85,766)       (163,481)         186,295
                                                                          -------------   -------------   --------------

            Net cash provided by operating activities                        1,632,044         285,401          907,783
                                                                          -------------   -------------   --------------

Investing activities:
    Net increase in loans receivable                                        (8,152,353)     (7,982,133)      (8,811,940)
    Purchase of loans                                                         (423,406)     (1,662,300)      (1,232,050)
    Proceeds from sales of loans                                                    --       1,571,964        3,309,109
    Purchase of mortgage-backed securities available-for-sale               (2,361,567)             --      (10,786,034)
    Purchase of investment securities held-to-maturity                              --              --      (10,000,000)
    Purchase of investment securities available-for-sale                            --     (43,235,114)     (27,556,342)
    Principal payments on mortgage-backed securities held-to-maturity               --              --        2,081,172
    Principal payments on mortgage-backed securities available-for-sale      6,449,400       7,875,715          805,804
    Principal payments on investment securities available-for-sale                  --              --           76,872
    Proceeds from maturities of investment securities available-for-sale       340,000       9,000,000       23,650,000
    Proceeds from sales of mortgage-backed securities held-to-maturity              --              --          337,776
    Proceeds from sales of mortgage-backed securities available-for-sale       363,166       2,768,669        7,838,077
    Proceeds from sales of investment securities available-for-sale          1,005,400      18,341,167        4,084,772
    Purchase of stock in FHLB of Des Moines                                    (15,000)       (525,000)        (525,000)
    Proceeds from sales of real estate owned                                        --              --          117,339
    Purchase of office premises and equipment                                  (97,646)       (238,452)        (952,376)
                                                                          -------------   -------------   --------------

            Net cash used in investing activities                       $   (2,892,006)    (14,085,484)     (17,562,821)
                                                                          -------------   -------------   --------------
</TABLE>

                                                                     (Continued)

                                       22
<PAGE>
                      HARDIN BANCORP, INC. AND SUBSIDIARIES
                                Hardin, Missouri

                Consolidated Statements of Cash Flows, Continued

                   Years ended March 31, 2000, 1999, and 1998

<TABLE>
<CAPTION>

                                                                              2000            1999            1998
                                                                          -------------   -------------   --------------
<S>                                                                     <C>                  <C>              <C>
Financing activities:
    Net increase in deposits                                            $    3,238,494       6,442,409        6,683,605
    Net increase (decrease) in advances from borrowers for taxes
      and insurance                                                             65,246          30,107          (11,123)
    Proceeds from FHLB advances                                             47,800,000      26,000,000       30,500,000
    Repayments of FHLB advances                                            (49,500,000)    (15,500,000)     (20,000,000)
    Payment of dividends                                                      (541,103)       (433,059)        (359,807)
    Purchase of treasury stock                                                 (47,125)     (1,526,483)        (641,745)
                                                                          -------------   -------------   --------------

            Net cash provided by financing activities                        1,015,512      15,012,974       16,170,930
                                                                          -------------   -------------   --------------

            Increase (decrease) in cash and cash equivalents                  (244,450)      1,212,891         (484,108)

Cash and cash equivalents at beginning of year                               4,994,692       3,781,801        4,265,909
                                                                          -------------   -------------   --------------

Cash and cash equivalents at end of year                                $    4,750,242       4,994,692        3,781,801
                                                                          =============   =============   ==============

Supplemental disclosure of cash flow information: Cash paid for:
      Interest                                                          $    5,735,034       5,935,626        5,182,905
                                                                          =============   =============   ==============

      Income taxes, net of refunds                                      $      804,062         779,804          310,100
                                                                          =============   =============   ==============

Noncash investing and financing activities:
    Loans transferred to real estate owned                              $       99,957              --            8,272
                                                                          =============   =============   ==============

    Loans to facilitate sales of real estate owned                      $       93,051              --               --
                                                                          =============   =============   ==============

    Dividend declared and payable                                       $      146,331         132,256          107,063
                                                                          =============   =============   ==============
</TABLE>

See accompanying notes to consolidated financial statements.

                                       23
<PAGE>
                     HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998



(1)Summary of Significant Accounting Policies

        (a)   Principles of Consolidation and Basis of Presentation

              The accompanying  consolidated  financial  statements  include the
              accounts of Hardin Bancorp,  Inc. (the Company) and Hardin Federal
              Savings  Bank (the Bank) and its wholly owned  subsidiary,  Hardin
              Savings Service Corporation. Significant intercompany balances and
              transactions have been eliminated in consolidation.

        (b)   Investment and Mortgage-backed Securities

              The  Company   classifies  its   investment  and   mortgage-backed
              securities  portfolio as  held-to-maturity,  which are recorded at
              amortized cost, or available-for-sale,  which are recorded at fair
              value. Unrealized holding gains and losses, net of the related tax
              effect,  on   available-for-sale   securities  are  excluded  from
              earnings and are reported as a separate component of comprehensive
              income   until    realized.    Transfers   of   securities    from
              available-for-sale  to held-to-maturity are recorded at fair value
              at the date of transfer and unrealized holding gains or losses are
              amortized over the remaining life of the security.

              A decline in the market value of any  security  below cost that is
              deemed other than temporary is charged to income, resulting in the
              establishment of a new cost basis for the security.

              Premiums and  discounts are amortized or accreted over the life of
              the related security as an adjustment to interest income using the
              interest method.  Realized gains and losses are included in income
              using the specific  identification method for determining the cost
              of the securities sold.

        (c)   Loans

              The Company determines at the time of origination whether mortgage
              loans  will be held  for the  Company's  portfolio  or sold in the
              secondary  market.  Loans  originated and intended for sale in the
              secondary  market are recorded at the lower of  aggregate  cost or
              estimated fair value. Fees received on such loans are deferred and
              recognized  in  income  as part of the gain or loss on  sale.  The
              Company  had no loans  classified  as loans held for sale at March
              31, 2000 or 1999.

              The Company defers all loan origination,  commitment,  and related
              fees  and  certain  direct  origination  costs  related  to  loans
              generated  for the Bank's  portfolio.  The Bank  amortizes the net
              fees over the  expected  life of the  individual  loans  using the
              interest method.

        (d)   Allowance for Loan Losses

              The  provision  for  losses  on loans is based  upon  management's
              estimate of the amount required to maintain an adequate  allowance
              for  losses,  relative  to the risks in the loan  portfolio.  This
              estimate  is based on  reviews  of the loan  portfolio,  including
              assessment of the estimated  net  realizable  value of the related
              underlying  collateral,   and  consideration  of  historical  loss
              experience,  current economic  conditions,  and such other factors
              which, in the opinion of management,  deserve current recognition.
              Loans are also  subject  to  periodic  examination  by  regulatory
              agencies.  Such agencies may require  charge-offs  or additions to
              the  allowance  based  upon  their  judgments  about   information
              available at the time of their examination.

                                                                     (Continued)
                                       24
<PAGE>
              Additionally,  accrual of interest on potential  problem  loans is
              excluded  from  income by an  offsetting  increase  in a  specific
              allowance  for loss  where,  in the  opinion of  management,  such
              exclusion is warranted.

        (e)   Mortgage Banking Activities

              The Company  capitalizes the value of retained mortgage  servicing
              rights as an  asset,  thereby  increasing  the gain on sale of the
              loan by the amount of the asset.  Such mortgage  servicing  rights
              are  amortized  in  proportion  to  and  over  the  period  of the
              estimated net servicing income.  Any remaining  unamortized amount
              is  charged  to expense  if the  related  loan is repaid  prior to
              maturity.  Management monitors the capitalized  mortgage servicing
              rights for impairment based on the fair value of those rights. Any
              impairment is recognized through a valuation allowance.

              Included  in gains on sales  of  loans  are  capitalized  mortgage
              servicing rights aggregating $6,700,  $35,000, and $36,000 for the
              years ending March 31, 2000, 1999, and 1998.  Amortization expense
              related to the  capitalized  servicing  rights,  included in other
              expenses in the accompanying  consolidated statements of earnings,
              aggregated $6,500,  $10,000, and $3,000 for the years ending March
              31, 2000, 1999, and 1998.

              At March  31,  2000 and  1999,  the Bank was  servicing  loans for
              others amounting to $9,036,000 and $10,154,000, respectively. Loan
              servicing  fees include  servicing fees from investors and certain
              charges collected from borrowers, such as late payment fees, which
              are recorded when received. The amount of escrow balances held for
              borrowers at March 31, 2000 and 1999 was insignificant.

        (f)   Real Estate Owned

              Real estate properties  acquired through foreclosure are initially
              recorded at estimated fair value,  less selling costs, at the date
              of  foreclosure.  Costs relating to development and improvement of
              property are capitalized,  whereas holding costs are expensed when
              incurred.

              Valuations are  periodically  reviewed and an allowance for losses
              is  established by a charge to operations if the carrying value of
              a property exceeds its estimated fair value, less selling costs.

        (g)   Stock in Federal Home Loan Bank of Des Moines

              The Bank is a member of the Federal Home Loan Bank (FHLB)  system.
              As a member,  the Bank is required  to purchase  and hold stock in
              the FHLB of Des Moines in an amount equal to the greater of (a) 1%
              of unpaid  residential loans, (b) 5% of outstanding FHLB advances,
              or (c) .3% of total  assets.  FHLB stock is carried at cost in the
              accompanying consolidated balance sheets.


                                       25

<PAGE>
        (h)   Premises and Equipment

              Premises  and  equipment  are  stated  at  cost  less  accumulated
              depreciation.  Depreciation  is provided using both  straight-line
              and  accelerated  methods over the  estimated  useful lives of the
              assets,  which range from three to forty years. Major replacements
              and  betterments  are  capitalized  while normal  maintenance  and
              repairs are charged to expense when  incurred.  Gains or losses on
              dispositions are reflected in current operations.

        (i)   Income Taxes

              The Company  records  deferred tax assets and  liabilities for the
              future tax  consequences  attributable to differences  between the
              consolidated  financial  statement  carrying  amounts of  existing
              assets and liabilities and their respective  income tax bases. The
              effect on deferred tax assets and  liabilities  of a change in tax
              rate is  recognized  in income in the  period  that  includes  the
              enactment date.

        (j)   Cash and Cash Equivalents

              For purposes of the  consolidated  statements  of cash flows,  all
              short-term  investments with a maturity of three months or less at
              date of purchase are considered cash equivalents.

        (k)   Use of Estimates

              Management  of the  Company  has made a number  of  estimates  and
              assumptions  relating to the  reporting of assets and  liabilities
              and the disclosure of contingent assets and liabilities to prepare
              these  consolidated   financial   statements  in  conformity  with
              accounting  principles  generally accepted in the United States of
              America. Actual results could differ from those estimates.

        (l)   Earnings Per Share

              Basic earnings per share is based upon the weighted average number
              of common shares outstanding during the periods presented. Diluted
              earnings per share  include the effects of all dilutive  potential
              common shares outstanding during each period.

The shares used in the  calculation of basic and diluted  earnings per share are
shown below:


                                                    For the years ended
                                                         March 31,
                                              ---------------------------------
                                                2000        1999        1998
                                              ---------  ----------  ----------

Weighted average common shares outstanding     690,596     724,615     775,293
Stock options                                   22,682      31,911      28,261
                                              ---------  ----------  ----------

                                               713,278     756,526     803,554
                                              =========  ==========  ==========

                                       26
<PAGE>
                     HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998


  (2)   Investment Securities

        A summary of investment securities information is as follows:
<TABLE>
<CAPTION>
                                                                               March 31, 2000
                                                       --------------------------------------------------------------
                                                                           Gross           Gross         Estimated
                                                         Amortized       unrealized     unrealized         fair
                                                            cost           gains          losses           value
                                                       --------------- --------------- --------------  --------------
<S>                                                  <C>                      <C>         <C>             <C>
Available-for-sale:
    United States government and agency obligations maturing:
        Within one year                              $     27,991,158              --     (1,869,388)     26,121,770
        After ten years                                     6,764,813         124,054        (85,010)      6,803,857
                                                       --------------- --------------- --------------  --------------

             Total United States government
               and agency obligations                      34,755,971         124,054     (1,954,398)     32,925,627
                                                       --------------- --------------- --------------  --------------

State and municipal obligations maturing:
    Within one year                                                --              --             --              --
    After one year but within five years                      630,000              --        (12,263)        617,737
    After five years but within ten years                     500,000              --        (64,015)        435,985
                                                       --------------- --------------- --------------  --------------

             Total state and municipal
               obligations                                  1,130,000              --        (76,278)      1,053,722
                                                       --------------- --------------- --------------  --------------

Equity securities                                           3,966,496              --       (152,622)      3,813,874
                                                       --------------- --------------- --------------  --------------

                                                     $     39,852,467         124,054     (2,183,298)     37,793,223
                                                       =============== =============== ==============  ==============
<CAPTION>


                                                                              March 31, 1999
                                                       --------------------------------------------------------------
                                                                           Gross           Gross         Estimated
                                                         Amortized       unrealized     unrealized         fair
                                                            cost           gains          losses           value
                                                       --------------- --------------- --------------  --------------
<S>                                                  <C>                      <C>         <C>             <C>
Available-for-sale:
    United States government and agency obligations maturing:
        Within one year                              $     22,990,625          11,577       (290,936)     22,711,266
        After one year but within five years                5,000,000              --             --       5,000,000
        After five years but within ten years                      --              --             --              --
        After ten years                                    10,584,257              --        (89,771)     10,494,486
                                                       --------------- --------------- --------------  --------------

             Total United States government
               and agency obligations                      38,574,882          11,577       (380,707)     38,205,752
                                                       --------------- --------------- --------------  --------------

State and municipal obligations maturing:
    Within one year                                           340,000             930             --         340,930
    After one year but within five years                      630,000          12,590             --         642,590
    After five years but within ten years                     500,000              --        (10,510)        489,490
                                                       --------------- --------------- --------------  --------------

             Total state and municipal
               obligations                                  1,470,000          13,520        (10,510)      1,473,010
                                                       --------------- --------------- --------------  --------------

Equity securities                                           4,965,269              --       (124,838)      4,840,431
                                                       --------------- --------------- --------------  --------------

                                                     $     45,010,151          25,097       (516,055)     44,519,193
                                                       =============== =============== ==============  ==============
</TABLE>
                                       27
<PAGE>
                     HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998



        Proceeds  from the sales of  investment  securities  for the years ended
        March 31, 2000,  1999,  and 1998 totaled  $1,005,400,  $18,341,167,  and
        $4,084,772,  respectively,  and  resulted  in  gross  realized  gains of
        $5,400, $449,795, and $31,433 in 2000, 1999, and 1998, respectively.

        At March 31, 2000 and 1999,  investment  securities with a fair value of
        approximately $4,666,000 and $3,328,000,  respectively,  were pledged to
        secure public funds on deposit.

  (3)   Mortgage-backed Securities

        Mortgage-backed  securities at March 31, 2000 and 1999 are summarized as
follows:
<TABLE>
<CAPTION>

                                                                          March 31, 2000
                                                   ---------------------------------------------------------------
                                                                       Gross           Gross         Estimated
                                                     Amortized       unrealized      unrealized         fair
                                                        cost           gains           losses          value
                                                   --------------- --------------- --------------- ---------------
<S>                                              <C>                        <C>           <C>           <C>
Pass-through certificates guaranteed
    by Government National
    Mortgage Association (GNMA)                  $      2,079,391           5,251         (31,383)      2,053,259
Federal Home Loan Mortgage
    Corporation (FHLMC) participation
    certificates                                        4,125,656          13,260         (71,078)      4,067,838
Federal National Mortgage Association
    (FNMA) participation certificates                   5,871,963               6        (187,367)      5,684,602
                                                   --------------- --------------- --------------- ---------------

                                                 $     12,077,010          18,517        (289,828)     11,805,699
                                                   =============== =============== =============== ===============

                                                                           March 31, 1999
                                                   ---------------------------------------------------------------
                                                                       Gross           Gross         Estimated
                                                     Amortized       unrealized      unrealized         fair
                                                        cost           gains           losses          value
                                                   --------------- --------------- --------------- ---------------


Pass-through certificates guaranteed
    by GNMA                                      $      1,109,675          11,120          (2,214)      1,118,581
FHLMC participation certificates                        4,220,822           5,878         (68,620)      4,158,080
FNMA participation certificates                         7,388,420           5,195         (85,857)      7,307,758
                                                   --------------- --------------- --------------- ---------------

                                                 $     12,718,917          22,193        (156,691)     12,584,419
                                                   =============== =============== =============== ===============
</TABLE>


        Proceeds  from the  sales of  mortgage-backed  securities  for the years
        ended  March  31,  2000  and  1999  totaled   $363,166  and  $2,768,669,
        respectively, and resulted in gross realized gains of $4,539 and $29,145
        in 2000 and 1999,  respectively,  and gross realized losses of $2,775 in
        2000.

                                       28
<PAGE>
                     HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998



  (4)   Loans Receivable

        Loans receivable at March 31, 2000 and 1999 are summarized as follows:

                                               2000            1999
                                         ---------------  --------------

Real estate:
    One to four family                 $     60,674,965      54,122,490
    Five or more                                498,943         479,473
    Nonresidential                            1,387,443       1,432,875
    Land                                      3,304,131       3,048,016
    Commercial                                1,099,063       1,118,098
    Construction                              3,214,029       2,380,400
Consumer                                     10,191,518       8,569,463
Commercial                                      796,000         781,000
                                         ---------------  --------------

                                             81,166,092      71,931,815

Loans in process                             (2,909,681)     (2,194,823)
Discounts and deferred loan
    origination fees, net of cost               107,206          79,104
Allowance for loan losses                      (304,422)       (311,196)
                                         ---------------  --------------

             Net loans receivable      $     78,059,195      69,504,900
                                         ===============  ==============


        The Bank evaluates each  customer's  creditworthiness  on a case-by-case
        basis.  Residential  loans with a loan-to-value  ratio exceeding 80% are
        required to have private mortgage insurance or to pledge savings account
        balances or additional  collateral.  The Bank's principal  lending areas
        are  agricultural-based  rural  communities  northeast  of Kansas  City,
        Missouri.

        The Bank  makes  contractual  commitments  to  extend  credit  which are
        subject to the Bank's credit  monitoring  procedures.  At March 31, 2000
        and  1999,  the  Bank  was  committed  to  originate  loans  aggregating
        approximately   $828,000  and  $2,241,000,   respectively.   Fixed  loan
        commitments  approximated $342,000 with interest rates ranging from 8.5%
        to 9.0% at March 31, 2000 and  $2,241,000  with  interest  rates ranging
        from 6.75% to 8.0% at March 31, 1999.  There were no  commitments to buy
        loans at March 31, 2000.

                                       29
<PAGE>
                     HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998



        The Company had loans to  directors  and  officers at March 31, 2000 and
        1999 which carry terms  similar to those for other  loans.  A summary of
        such loans is as follows:

                                                 2000         1999
                                             -----------  ------------

        Balance at beginning of year       $    295,000       291,000
        New loans                               266,000       259,000
        Payments                                (37,000)     (255,000)
                                             -----------  ------------

        Balance at end of year             $    524,000       295,000
                                             ===========  ============


        Activity in the  allowance for loan losses for the years ended March 31,
2000, 1999, and 1998 is as follows:

                                           2000          1999        1998
                                       ------------  ----------- -----------

   Balance at beginning of year      $     311,196      247,710     158,276
   Provision for loan losses                 1,297       65,973      93,671
   Charge-offs                              (8,071)      (2,487)     (4,237)
                                       ------------  ----------- -----------

   Balance at end of year            $     304,422      311,196     247,710
                                       ============  =========== ===========


        Nonaccrual  loans at March 31,  2000 and 1999  aggregated  approximately
$237,000 and $231,000, respectively.

  (5)   Premises and Equipment

        Premises and  equipment  consist of the  following at March 31, 2000 and
1999:

                                                   2000           1999
                                            -------------  -------------

        Land                              $      195,114        159,779
        Building                               1,511,052      1,503,251
        Leasehold improvements                    34,170         34,170
        Furniture and fixtures                   974,746        921,737
        Automobile                                13,300         11,800
                                            -------------  -------------

                                               2,728,382      2,630,737

        Less accumulated depreciation            950,471        798,426
                                            -------------  -------------

             Premises and
               equipment, net             $    1,777,911      1,832,311
                                           =============   =============


                                                                     (Continued)
                                       30
<PAGE>

                     HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998



  (6)   Deposits

        Deposits at March 31, 2000 and 1999 are summarized as follows:
<TABLE>
<CAPTION>

                                                                          2000                                 1999
                                             Stated          -----------------------------        -----------------------------
                                              rate              Amount          Percent              Amount          Percent
                                        -----------------    --------------    -----------        --------------    -----------
<S>                                           <C>          <C>                        <C>       <C>                        <C>
        Balance by interest rate:
           Commercial                              0.00%   $     2,652,869              3 %     $     1,918,980              2 %
           NOW accounts                       1.75-2.25%         8,782,434             10             6,852,307              8
           Money market demand
             accounts                         2.75-3.50%         7,033,360              8             6,583,405              8
           Savings accounts                        2.00%         4,402,212              5             3,804,878              5
                                                             --------------    -----------        --------------    -----------

                                                                22,870,875             26            19,159,570             23
                                                             --------------    -----------        --------------    -----------

           Certificate accounts               0.00-2.99%            50,000             --                    --             --
                                              3.00-3.99%            32,446             --                49,133             --
                                              4.00-4.99%        18,352,426             21            12,805,257             15
                                              5.00-5.99%        32,879,486             38            40,780,548             49
                                              6.00-6.99%        12,375,127             14             9,631,651             12
                                              7.00-7.99%                --             --               895,707              1
                                            8.00% and up             5,005             --                 5,005             --
                                                             --------------    -----------        --------------    -----------

                                                                63,694,490             73            64,167,301             77
                                                             --------------    -----------        --------------    -----------

                                                           $    86,565,365            100 %     $    83,326,871            100 %
                                                             ==============    ===========        ==============    ===========

        Weighted average interest rate
           on deposits at March 31                                    4.45 %                               4.56
                                                             ==============                       ==============
</TABLE>

        A summary of  contractual  maturity  dates for  certificate  accounts at
March 31, 2000 is as follows:

                                              Amount          Percent
                                          ---------------    ---------
          Contractual maturity of certificate accounts:
                Under 12 months         $     41,670,716           65 %
                12 to 24 months               16,338,134           26
                24 to 36 months                3,223,485            5
                36 to 48 months                2,295,360            4
                48 to 60 months                  146,252            0
                Over 60 months                    20,543            0
                                          ---------------  -----------
                                        $     63,694,490          100 %
                                          ===============  ===========

                                                                     (Continued)
                                       31
<PAGE>
                     HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998


        The components of interest expense on deposits for the years ended March
31, 2000, 1999, and 1998 are as follows:

                                       2000           1999           1998
                                   -------------  -------------   ------------

  NOW, savings, Super NOW,
      and money market demand    $      463,580        425,006        329,197
  Certificates of deposit             3,295,851      3,453,465      3,488,290
                                   -------------  -------------   ------------

                                 $    3,759,431      3,878,471      3,817,487
                                   =============  =============   ============


        At March 31, 2000 and 1999,  certificate accounts of $100,000 or greater
totaled $10,811,000 and $8,381,000, respectively.

  (7)   FHLB Advances

        The  Company had the  following  debt  outstanding  from the FHLB of Des
Moines at March 31, 2000 and 1999:
<TABLE>
<CAPTION>
                                                                                2000            1999
                                                                          ---------------  --------------
<S>                                                                        <C>                <C>
       $4,000,000 advance, interest at 6.09%, due October 2000             $   4,000,000              --
       $10,000,000 advance, callable beginning on January 23, 2003,
           interest at 5.42%, due January 2008                                10,000,000      10,000,000
       $5,000,000 advance, interest at 4.99%, due September 2008               5,000,000       5,000,000
       $2,300,000 advance, interest at 5.43%, due October 2009                 2,300,000              --
       $5,000,000 advance, interest at 5.77%, due January 2010                 5,000,000              --
       $5,000,000 federal funds advance, interest at 6.63%, due
           December 2000                                                       5,000,000              --
       $7,000,000 federal funds advance, interest at 6.53%, due
           December 2000                                                       7,000,000              --
       Advances outstanding at March 31, 1999; refinanced in 2000                     --      25,000,000
                                                                          ---------------  --------------
                                                                           $  38,300,000      40,000,000
                                                                          ===============  ==============
</TABLE>

       The advances from the FHLB are collateralized by first mortgage loans and
investment securities.

                                                                     (Continued)
                                       32
<PAGE>
                     HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998



        Scheduled maturities of FHLB advances are as follows:

                                   Year ending
                                   March 31,             Amount
                                --------------      --------------

                                    2000          $    16,000,000
                                    2008               15,000,000
                                    2009                2,300,000
                                    2010                5,000,000
                                                    --------------

                                                  $    38,300,000
                                                    ==============

  (8)   Income Taxes

        The components of income tax expense from operations are as follows:

                                            Federal       State        Total
                                          -----------   ---------   -----------

          Year ended March 31, 2000:
              Current                   $    650,580      71,000       721,580
              Deferred                       (30,000)     (3,000)      (33,000)
                                          -----------   ---------   -----------

                                        $    620,580      68,000       688,580
                                          ===========   =========   ===========

          Year ended March 31, 1999:
              Current                   $    545,881      84,770       630,651
              Deferred                       (26,000)     (4,000)      (30,000)
                                          -----------   ---------   -----------

                                        $    519,881      80,770       600,651
                                          ===========   =========   ===========

          Year ended March 31, 1998:
              Current                   $    452,847      68,000       520,847
              Deferred                       (19,000)     (3,000)      (22,000)
                                          -----------   ---------   -----------

                                        $    433,847      65,000       498,847
                                          ===========   =========   ===========


        In addition,  during the years ended March 31, 2000, 1999, and 1998, the
        Company recorded deferred income tax expense (benefits) of approximately
        $(595,000),  $231,000, and $58,000, respectively,  related to unrealized
        gains (losses) on investment securities available-for-sale.

                                                                     (Continued)

                                       33
<PAGE>
                     HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998



The reasons for the difference  between the effective tax rates and the expected
federal income tax rate of 34% are as follows:

                                                  Percent of earnings
                                                    before income tax
                                                         expense
                                           --------------------------------
                                            2000         1999       1998
                                           --------     -------   ---------

 Expected federal income tax rate             34.0 %      34.0        34.0
 Items affecting income tax rate:
  Municipal interest                          (1.0)       (1.0)         --
  State taxes, net of federal tax benefit      2.3         3.0         2.0
  Other                                       (0.2)       (0.1)         .5
                                           --------     -------   ---------

           Effective tax rate                 35.1 %      35.9        36.5
                                           ========     =======   =========



The tax  effects  of  temporary  differences  which  give rise to a  significant
portion of deferred tax assets and liabilities at March 31, 2000 and 1999 are as
follows:
<TABLE>
<CAPTION>

                                                           2000               1999
                                                    ----------------   ----------------
<S>                                                <C>                         <C>
Unrealized loss on available-for-sale securities   $       826,000             231,000
Allowance for loan losses                                  104,000             131,000
Accrued compensation                                       192,000             150,000
Other                                                       25,000              29,000
                                                     --------------    ----------------

                    Deferred tax assets                  1,147,000             541,000
                                                     --------------    ----------------

FHLB dividends                                              33,000              33,000
Tax bad debt reserve in excess of base year                 96,000             108,000
Fixed asset basis difference                                90,000              93,000
Core deposit premium                                        13,000              15,000
Accrued interest on loans originated prior to
     September 25, 1985                                      2,000               4,000
Loan origination fees                                       77,000              75,000
Other                                                       20,000              25,000
                                                     --------------    ----------------

                    Deferred tax liabilities               331,000             353,000
                                                     --------------    ----------------

                    Net deferred tax assets        $       816,000             188,000
                                                     ==============    ================
</TABLE>


        There was no  valuation  allowance  for deferred tax assets at March 31,
        2000 or 1999.  Management  believes that it is more likely than not that
        the results of future operations will generate sufficient taxable income
        to realize the deferred tax assets.

                                                                     (Continued)

                                       34
<PAGE>
                      HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998


        Prior to 1996, savings  institutions that met certain definitional tests
        and  other  conditions  prescribed  by the  Internal  Revenue  Code were
        allowed to deduct, within limitations, a bad debt deduction under either
        of two  alternative  methods:  (i) a deduction  based on a percentage of
        taxable income (most recently 8%), or (ii) a deduction based upon actual
        loan loss  experience (the  Experience  Method).  The Small Business Job
        Protection  Act (the Act)  repealed  the bad debt  deduction  based on a
        percentage of taxable income effective for taxable years beginning after
        December 31, 1995. The Company, therefore, will be limited to the use of
        the bad debt deduction computed under the Experience Method for its year
        ended  March 31,  1997.  The  Company's  base year tax bad debt  reserve
        balance of  approximately  $1.6  million  as of March 31,  1999 and 1998
        will, in future years,  be subject to recapture in whole or in part upon
        the occurrence of certain events, such as a distribution to stockholders
        in excess of the Company's current and accumulated earnings and profits,
        a redemption of shares, or upon a partial or complete liquidation of the
        Company.   The  Company  does  not  intend  to  make   distributions  to
        stockholders  that would  result in recapture of any portion of its base
        year bad debt reserve.  Since management intends to use the reserve only
        for the purpose for which it was  intended,  a deferred tax liability of
        approximately $550,000 has not been recorded.

  (9)   Benefit Plans

        Qualified  employees of the Company and Bank  participate in an Employee
        Stock  Ownership Plan (the ESOP). In connection with the conversion to a
        federally  chartered  stock savings bank in 1995, the ESOP borrowed from
        the Company, the proceeds of which were used to acquire 84,640 shares of
        the Company's common stock. Contributions from the Company and the Bank,
        along with dividends on unallocated  shares of common stock, are used by
        the ESOP to make payments of principal  and interest on the loan.  Under
        the terms of the ESOP, contributions are allocated to participants using
        a formula based upon  compensation.  Participants are fully vested after
        five years.  Because the Company has provided the ESOP's borrowing,  the
        unearned  compensation  is  presented  as a reduction  of  stockholders'
        equity in the  accompanying  consolidated  balance sheets.  On March 31,
        2000,  1999,  and 1998,  the Company  allocated  11,714  shares,  11,309
        shares, and 11,852 shares, respectively, to participants. The fair value
        of allocated  shares  charged to  compensation  and benefits  expense in
        2000, 1999, and 1998 was approximately $184,000, $200,000, and $199,000,
        respectively.  The fair  value of the  remaining  unallocated  shares of
        28,805 at March 31, 2000 aggregated approximately $413,000.

        The  Bank's   employees   participate  in  the  Financial   Institutions
        Retirement  Fund,  a  noncontributory,  multiemployer,  defined  benefit
        pension plan which covers all eligible  employees with one or more years
        of  continuous  service.  The Bank's  policy is to fund pension costs as
        necessary.  Since April 1, 1997, the Bank's defined benefit pension plan
        has been fully  funded.  Effective  February 1, 2000,  the Bank withdrew
        from the plan.

        The Bank has  supplemental  retirement plans for officers and directors.
        Under the  Directors'  Plan,  members  forfeit their first five years of
        directors' fees to enter into the plan and will receive monthly payments
        for a ten-year period beginning at the time the member turns sixty-five.
        Under the Officers' Plan, two officers, after completing a predetermined
        service  period,   will  receive  benefit  payments   beginning  at  age
        sixty-five  for a term of ten  years.  Expense  under  the plans for the
        years ended March 31, 2000,  1999,  and 1998  amounted to  approximately
        $102,000, $104,000, and $111,000,  respectively.  The Bank has purchased
        life insurance policies to fund its obligations under the plans.

                                                                     (Continued)
                                       35
<PAGE>
                    HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998


        The Board of Directors  has adopted a  recognition  and  retention  plan
        (RRP).  Under the RRP,  common stock  aggregating  42,320  shares may be
        awarded to certain  officers and  directors of the Company and the Bank.
        The awards do not require any  payment by the  recipients  and vest over
        five years. On April 16, 1996, January 1, 1998, and January 1, 2000, the
        Company  awarded  35,972,  3,000,  and 4,348  shares,  respectively,  to
        participants.  During  fiscal year 1999,  1,000 of the 3,000 shares were
        forfeited  and  were  then  allocated   during  fiscal  year  2000.  The
        corresponding  charge to compensation  and benefits expense was $96,932,
        $88,806, and $86,453 in 2000, 1999, and 1998, respectively.

(10)    Stock Options

        The  Company  has a stock  option  plan under  which  options to acquire
        105,800  shares of the Company's  common stock may be granted to certain
        officers,  directors,  and  employees  of the  Company or the Bank.  The
        options  enable the  recipient  to purchase  stock at an exercise  price
        equal to the fair market value of the stock at the date of the grant. On
        April 16, 1996, the Company granted options for 89,930 shares for $11.50
        per share.  On January 1, 1998,  the Company  granted  options for 8,500
        shares for $17.50 per share.  Options  to  purchase  1,500  shares  were
        forfeited in fiscal year 1999. On January 1, 2000,  the Company  granted
        options for 4,348  shares for $14.00 per share.  The  options  will vest
        over the five years  following the date of grant and are exercisable for
        up to ten years.

        On  January  1,  1996,  the  Company  adopted   Statement  of  Financial
        Accounting   Standards  (SFAS)  No.  123,   Accounting  for  Stock-Based
        Compensation,  which permits entities to recognize,  as expense over the
        vesting period,  the fair value of all stock-based awards on the date of
        grant. Alternatively, SFAS No. 123 allows entities to disclose pro forma
        net  income  and  income  per  share as if the fair  value-based  method
        defined in SFAS No. 123 had been applied,  while continuing to apply the
        provisions  of  Accounting   Principles  Board  (APB)  Opinion  No.  25,
        Accounting  for Stock  Issued to  Employees,  under  which  compensation
        expense  is  recorded  on the date of grant only if the  current  market
        price of the underlying stock exceeds the exercise price.

        The  Company  has  elected to apply the  recognition  provisions  of APB
        Opinion No. 25 and provide the pro forma  disclosure  provisions of SFAS
        No. 123.  Had  compensation  expense  for the  Company's  incentive  and
        nonstatutory  stock options been determined based upon the fair value at
        the grant date consistent with the methodology prescribed under SFAS No.
        123, the  Company's  net  earnings and diluted  earnings per share would
        have been reduced by approximately  $25,000, or $.04 per share, in 2000;
        $41,000,  or $.05 per share, in 1999; and $56,000, or $.07 per share, in
        1998.

                                                                     (Continued)
                                       36
<PAGE>
                    HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998



        Following is a summary of the fair values of options granted in 2000 and
1998 using the Black-Scholes option-pricing model:

                                             2000                 1998
                                       -------------       --------------

   Fair value at grant date          $         4.39                 4.82
   Assumptions:
     Dividend yield                            5.00 %               2.44
     Volatility                               36.34 %              14.33
     Risk-free interest rate                   6.00 %               6.20
     Expected life                         10 years             10 years
                                       =============       ==============


        Pro forma net earnings reflect only options granted and vested in fiscal
        2000,  1999,  and  1998.  Therefore,  the  full  impact  of  calculating
        compensation  expense  for  stock  options  under  SFAS  No.  123 is not
        reflected in the pro forma net earnings  amount  presented above because
        compensation expense is reflected over the options' vesting period.

(11)    Financial Instruments With Off-balance Sheet Risk and Concentrations of
        Credit Risk

        The Bank is a party to financial instruments with off-balance sheet risk
        in the normal course of business to meet customer financing needs. These
        financial  instruments  consist  principally  of  commitments  to extend
        credit. The Bank uses the same credit policies in making commitments and
        conditional obligations as it does for on-balance sheet instruments. The
        Bank's  exposure  to credit loss in the event of  nonperformance  by the
        other  party  is  represented  by  the   contractual   amount  of  those
        instruments.  The Bank does not  generally  require  collateral or other
        security on  unfunded  loan  commitments  until such time that loans are
        funded.

        In addition to financial  instruments with  off-balance  sheet risk, the
        Bank is exposed to  varying  risks  associated  with  concentrations  of
        credit relating primarily to lending  activities in specific  geographic
        areas.   The   Bank's   principal   lending   area   consists   of   the
        agricultural-based  rural  communities  northeast of Kansas City and the
        Bank's loans are  primarily  to  residents  of or secured by  properties
        located  in  its  principal  lending  area.  Accordingly,  the  ultimate
        collectibility  of the Bank's loan  portfolio is  dependent  upon market
        conditions in that area. This geographic  concentration is considered in
        management's establishment of the allowance for loan losses.

(12)    Regulatory Capital Requirements

        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 Bank's consolidated financial
        statements.   Under  capital  adequacy  guidelines  and  the  regulatory
        framework  for prompt  corrective  action,  the Bank must meet  specific
        capital  guidelines  that  involve  quantitative  measures of the Bank's
        assets,  liabilities,  and certain off-balance sheet items as calculated
        under regulatory  accounting  practices.  The Bank's capital amounts and
        classification  are  also  subject  to  qualitative   judgments  by  the
        regulators about components, risk weightings, and other factors.

                                                                     (Continued)
                                       37
<PAGE>
                    HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998


        Quantitative  measures  established  by  regulation  to  ensure  capital
        adequacy  require the Bank to maintain  minimum  amounts and ratios (set
        forth in the table  below) of  risk-based  capital,  as  defined  in the
        regulations,  to risk-weighted  assets, as defined,  and of tangible and
        core  capital,  as defined,  to total  assets,  as  defined.  Management
        believes, as of March 31, 2000, that the Bank meets all capital adequacy
        requirements   to   which  it  is   subject.   To  be   categorized   as
        well-capitalized  under the regulatory  framework for prompt  corrective
        action,  the Bank  must  maintain  minimum  total  risk-based,  leverage
        risk-based, tangible, and core capital ratios as set forth in the table:

<TABLE>
<CAPTION>
                                                                                                     Total           Leverage
                                                                                                     risk-             risk-
                                                             Tangible             Core              based             based
                                                              capital            capital            capital           capital
                                                          --------------     --------------      -------------    --------------
<S>                                                     <C>                     <C>                <C>               <C>
Equity                                                  $    11,708,000         11,708,000         11,708,000        11,708,000
Adjustments to capital:
     Allowance for loan losses                                       --                 --            304,000                --
     Unrealized loss on available-for-sale
         securities, net                                      1,478,000          1,478,000          1,478,000         1,478,000
                                                          --------------     --------------      -------------    --------------

                    Regulatory capital - computed            13,186,000         13,186,000         13,490,000        13,186,000

Minimum capital requirement for capital
     adequacy purposes                                        2,096,000          5,590,000          5,792,000         5,590,000
                                                          --------------     --------------      -------------    --------------

                    Regulatory minimum capital -
                        excess                          $    11,090,000          7,596,000          7,698,000         7,596,000
                                                          ==============     ==============      =============    ==============

To be well-capitalized for prompt corrective
     action provisions                                  $            --          6,846,000          6,159,000         8,215,000
                                                          ==============     ==============      =============    ==============

To be well-capitalized capital - excess                 $            --          6,340,000          7,328,000         4,971,000
                                                          ==============     ==============      =============    ==============

Minimum capital requirement - percent                               1.5 %              4.0                8.0               4.0
                                                          ==============     ==============      =============    ==============

To be well-capitalized for prompt corrective
     action provisions capital requirement -
     percent                                                                           5.0 %             10.0               6.0
                                                                             ==============      =============    ==============

Bank capital - parent                                              9.43 %             9.43              18.63             18.21
                                                          ==============     ==============      =============    ==============
</TABLE>

                                                                     (Continued)
                                       38
<PAGE>
                    HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998


(13)    Fair Value of Financial Instruments

        SFAS No. 107,  Disclosures  About Fair Value of  Financial  Instruments,
        requires  disclosure of estimated  fair value for financial  instruments
        held by the Company.  Fair value  estimates of the  Company's  financial
        instruments  as of  March  31,  2000 and  1999,  including  methods  and
        assumptions utilized, are set forth below:
<TABLE>
<CAPTION>
                                                                 2000                                       1999
                                               -----------------------------------------    ---------------------------------------
                                                     Carrying             Estimated             Carrying             Estimated
                                                      amount              fair value             amount              fair value
                                               -------------------    ------------------    -----------------    ------------------

<S>                                          <C>                             <C>                  <C>                   <C>
Investment securities                        $         37,793,223            37,793,000           44,519,193            44,519,000
                                               ===================    ==================    =================    ==================

Mortgage-backed securities                   $         11,805,699            11,806,000           12,584,419            12,584,000
                                               ===================    ==================    =================    ==================

Loans, net of unearned fees and
     allowance for loan losses               $         78,059,195            78,301,000           69,504,900            71,968,000
                                               ===================    ==================    =================    ==================

Noninterest bearing demand deposit           $          2,652,869             2,653,000            1,918,980             1,919,000
Money market and NOW deposits                          15,815,794            15,816,000           13,435,712            13,436,000
Savings accounts                                        4,402,212             4,402,000            3,804,878             3,805,000
Certificate accounts                                   63,694,490            63,857,000           64,167,301            64,515,000
                                               -------------------    ------------------    -----------------    ------------------

                    Total deposits           $         86,565,365            86,728,000           83,326,871            83,675,000
                                               ===================    ==================    =================    ==================
</TABLE>


        Methods and Assumptions Utilized

        The carrying amount of cash and cash  equivalents  and accrued  interest
        receivable and payable are considered to be approximate fair value based
        on the short-term  nature of these items.  The advances on the FHLB line
        of  credit  are  considered  to  approximate  fair  value  based  on the
        contractual  rates  approximating  the rates currently  available to the
        Company.

        The estimated fair value of mortgage-backed  and investment  securities,
        except  certain  obligations  of states and political  subdivisions,  is
        based on bid prices published in financial  newspapers or bid quotations
        received from securities dealers.  The fair value of certain obligations
        of states and political  subdivisions is not readily  available  through
        market sources other than dealer quotations, so fair value estimates are
        based upon quoted  market  prices of similar  instruments,  adjusted for
        differences  between the quoted  instruments and the  instruments  being
        valued.

                                                                     (Continued)
                                       39
<PAGE>
                    HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998


        The estimated fair value of the Company's loan portfolio is based on the
        segregation of loans by collateral type, interest terms, and maturities.
        In  estimating  the fair value of each  category of loans,  the carrying
        amount of the loan is reduced by an allocation of the allowance for loan
        losses.  Such  allocation is based on management's  loan  classification
        system  which is designed  to measure  the credit risk  inherent in each
        classification category. The estimated fair value of performing variable
        rate loans is the carrying value of such loans, reduced by an allocation
        of the allowance for loan losses. The estimated fair value of performing
        fixed rate  loans is  calculated  by  discounting  scheduled  cash flows
        through the estimated  maturity using  estimated  market  discount rates
        that reflect the interest rate risk inherent in the loan,  reduced by an
        allocation of the allowance for loan losses. The estimate of maturity is
        based on the Company's  historical  experience  with repayments for each
        loan classification, modified, as required, by an estimate of the effect
        of  current  economic  and  lending  conditions.   The  fair  value  for
        significant  nonperforming loans, if any, is the estimated fair value of
        the underlying  collateral based on recent external  appraisals or other
        available  information,  which  generally  approximates  carrying value,
        reduced by an allocation of the allowance for loan losses.

        The estimated  fair value of deposits with no stated  maturity,  such as
        noninterest bearing deposits,  savings,  money market accounts,  savings
        accounts,  and NOW accounts,  is equal to the amount  payable on demand.
        The  fair  value  of  interest-bearing  time  deposits  is  based on the
        discounted  value  of  contractual  cash  flows  of such  deposits.  The
        discount  rate is  estimated  using  the  rates  currently  offered  for
        deposits of similar remaining maturities.

        Limitations

        Fair  value  estimates  are made at a specific  point in time,  based on
        relevant  market   information  and  information   about  the  financial
        instruments. These estimates do not reflect any premium or discount that
        could  result from  offering for sale at one time the  Company's  entire
        holdings of a particular financial instrument.  Because no market exists
        for a significant portion of the Company's financial  instruments,  fair
        value estimates are based on judgments regarding future loss experience,
        current economic  conditions,  risk characteristics of various financial
        instruments, and other factors. These estimates are subjective in nature
        and  involve  uncertainties  and  matters of  significant  judgment  and
        therefore  cannot be determined with  precision.  Changes in assumptions
        could significantly affect the estimates. Fair value estimates are based
        on existing balance sheet financial  instruments  without  attempting to
        estimate  the  value of  anticipated  future  business  and the value of
        assets and liabilities that are not considered financial instruments.

                                                                     (Continued)

                                       40
<PAGE>
                      HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998


(14)    Parent Company Condensed Financial Statements

 <TABLE>
<CAPTION>
                            Condensed Balance Sheets
                             March 31, 2000 and 1999

     Assets                                                                   2000                 1999
                                                                       ------------------    -----------------
<S>                                                                  <C>                           <C>

Interest-bearing deposits                                            $           687,169              495,489
Loans receivable                                                                 299,002              416,140
Investment in subsidiary                                                      11,708,252           11,905,108
Other                                                                             39,301               39,305
                                                                       ------------------    -----------------

                 Total assets                                        $        12,733,724           12,856,042
                                                                       ==================    =================

                      Liabilities and Stockholders' Equity

Accrued expenses and other liabilities                               $           307,447              296,501
Stockholders' equity                                                          12,426,277           12,559,541
                                                                       ------------------    -----------------

                 Total liabilities and stockholders' equity          $        12,733,724           12,856,042
                                                                       ==================    =================

                        Condensed Statements of Earnings
                       Years ended March 31, 2000 and 1999
<CAPTION>

                                                                              2000                 1999
                                                                       ------------------    -----------------

Interest income                                                      $            63,317               76,706
Other expense, net                                                              (224,938)            (233,480)
                                                                       ------------------    -----------------

                 Loss before equity in undistributed earnings
                   of subsidiary                                                (161,621)            (156,774)

Increase in undistributed equity of subsidiary                                 1,372,851            1,170,192
                                                                       ------------------    -----------------

                 Earnings before income taxes                                  1,211,230            1,013,418

Income tax benefit                                                               (60,393)             (59,934)
                                                                       ------------------    -----------------

                 Net earnings                                        $         1,271,623            1,073,352
                                                                       ==================    =================
</TABLE>

                                                                     (Continued)

                                       41
<PAGE>
                      HARDIN BANCORP, INC. AND SUBSIDIARIES

                   Notes to Consolidated Financial Statements

                         March 31, 2000, 1999, and 1998

<TABLE>
<CAPTION>
                       Condensed Statements of Cash Flows
                       Years ended March 31, 2000 and 1999

                                                                              2000             1999
                                                                        --------------   --------------
<S>                                                                     <C>                   <C>
Cash flows from operating activities:
     Net earnings                                                       $    1,271,623        1,073,352
     Increase in undistributed equity of subsidiary                         (1,372,851)      (1,170,192)
     Amortization of deferred RRP                                               96,932           88,806
     Other                                                                      (3,126)         130,756
                                                                        ---------------   --------------

                 Net cash provided by (used in) operating activities            (7,422)         122,722
                                                                        ---------------   --------------

Cash flows from investing activities - net decrease
     in loans receivable                                                       117,138          115,492
                                                                        ---------------   --------------

Cash flows from financing activities:
     Dividends from subsidiary                                                 670,192        1,368,574
     Payment of dividends                                                     (541,103)        (433,059)
     Purchase of treasury stock                                                (47,125)      (1,526,483)
                                                                        ---------------   --------------

                 Net cash provided by (used in) financing activities            81,964         (590,968)
                                                                        ---------------   --------------

                 Net increase (decrease) in cash                               191,680         (352,754)

Cash at beginning of year                                                      495,489          848,243
                                                                        ---------------   --------------

Cash at end of year                                                     $      687,169          495,489
                                                                        ===============   ==============

Noncash investing and financing activities - dividend
     declared and payable                                               $      146,331          132,256
                                                                        ===============   ==============
</TABLE>

                                       42


<PAGE>
                              HARDIN BANCORP, INC.
                              -------------------
                             STOCKHOLDER INFORMATION
                             -----------------------
Annual Meeting

The Annual Meeting of Stockholders will be held at 1:00 p.m.,  Hardin,  Missouri
time on July 27, 2000, at the Hardin United  Methodist  Church  Fellowship Hall,
located at 101 Northeast First Street, Hardin, Missouri, 64035.

Stock Listing

Hardin  Bancorp,  Inc.  common  stock is traded on the National  Association  of
Securities Dealers, Inc., Small Cap Market under the symbol "HFSA."

Price Range of Common Stock

The per share price range of the common  stock and the  dividends  declared  for
each  quarter  during  the  past two  fiscal  years is set  forth  below.  These
quotations  reflect  inter-dealer  prices,  without retail  markup,  markdown or
commissions and may not necessarily represent actual transactions.


            FISCAL 1999             HIGH            LOW             DIVIDENDS
            -----------             ----            ---             ---------
            First Quarter           $19.63          $18.75          $.14
            Second Quarter          $19.25          $16.13          $.15
            Third Quarter           $20.50          $14.25          $.16
            Fourth Quarter          $18.13          $16.38          $.18


            FISCAL 2000             HIGH            LOW             DIVIDENDS
            -----------             ----            ---             ---------
            First Quarter           $17.50          $15.25          $.20
            Second Quarter          $17.50          $15.63          $.20
            Third Quarter           $16.50          $15.00          $.20
            Fourth Quarter          $15.50          $13.00          $.20

A $.20 per share  dividend  was  declared by the Board of Directors on March 16,
2000,  payable April 21, 2000, to  stockholders  of record on April 7, 2000. The
stock  price  information  set forth in the  table  above  was  provided  by the
National Association of Securities Dealers, Inc. Automated Quotation System.

At March 31,  2000,  there  were  1,058,000  shares  issued and  731,453  shares
outstanding of Hardin Bancorp,  Inc. (HFSA) common stock (including  unallocated
ESOP shares) and there were approximately 600 registered holders of record.

                                       43
<PAGE>

Shareholders and General Inquiries                   Transfer Agent
----------------------------------                   --------------

Robert W. King                                       Registrar and Transfer
President                                            10 Commerce Drive
Hardin Bancorp, Inc.                                 Cranford, New Jersey 07016
201 Northeast Elm Street
Hardin, Missouri 64035
(660) 398-4312

Annual and Other Reports
------------------------

A copy of Hardin Bancorp, Inc.'s Annual Report on Form 10-KSB for the year ended
March 31, 2000, as filed with the  Securities  and Exchange  Commission,  may be
obtained  without  charge by  contacting  Robert W.  King,  President  and Chief
Executive  Officer,  Hardin  Bancorp,  Inc.,  201 Northeast Elm Street,  Hardin,
Missouri 64035

                              HARDIN BANCORP, INC.
                              -------------------
                              CORPORATE INFORMATION
                              ---------------------
Company and Bank Addresses
--------------------------
201 Northeast Elm Street                            Telephone:   (660) 398-4312
Hardin, Missouri 64035                              Fax:         (660) 398-4317

200 North Spartan Drive                             Telephone:   (816) 470-6400
Richmond, Missouri 64085                            Fax:         (816) 470-2022

201 North Jesse James Road                          Telephone:   (816) 630-2179
Excelsior Springs, Missouri 64024                   Fax:         (816) 637-4521

Board of Directors

Ivan Hogan
      Chairman of Hardin Bancorp, Inc. and       David D. Lodwick
      Hardin Federal Savings Bank                   Attorney at Law
      and Retired Chief Executive Officer
      of Hardin Federal Savings Bank             W. Levan Thurman
                                                    Retired Funeral Director
Robert W. King
      President and Chief Executive Officer      David Hatfield
      of Hardin Bancorp, Inc, and                   Farmer and Part-time Broker
      Hardin Federal Savings Bank

Karen Blankenship                                William L. Homan
Senior Vice President and Secretary                 Vice President and Treasurer


                                       44
<PAGE>

Hardin Bancorp, Inc. Executive Officers
---------------------------------------
Robert W. King                                   William L. Homan
      President and Chief Executive Officer         Vice President and Treasurer

Karen K. Blankenship
      Senior Vice President and Secretary



Hardin Federal Savings Bank Executive Officers
----------------------------------------------
Robert W. King                                   William L. Homan
      President and Chief Executive Officer         Vice President and Treasurer

Karen K. Blankenship                             Lyndon M. Goodwin
      Senior Vice President and Secretary            Vice President of Lending

Mike Schwarz
      Vice President



Independent Accountants                           Special Counsel
-----------------------                           ---------------
KPMG LLP                                          Luse, Lehman, Gorman,
1000 Walnut, Suite 1600                           Pomerenk, & Schick, P.C.
Post Office Box 13127                             5335 Wisconsin Ave. N.W.,
Kansas City, Missouri 64199                                Suite 400
                                                           Washington, DC 20015

<PAGE>

================================================================================

                              HARDIN BANCORP, INC.


                              Holding Company for


                          Hardin Federal Savings Bank

                              2000 Annual Report

================================================================================

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