FORM 10-Q/A

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

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

                 For The Quarterly Period Ended June 30, 1997

                       Commission File Number  000-19235

                         SUMMIT FINANCIAL CORPORATION
            (Exact name of registrant as specified in its charter)


SOUTH  CAROLINA                                                     57-0892056
(State  or  other  jurisdiction                               (I.R.S. Employer
of  incorporation  or                                      Identification No.)
organization)

                             Post Office Box 1087
                         937 North Pleasantburg Drive
                       Greenville, South Carolina  29602
         (Address, including zip code, of principal executive offices)

                                (803) 242-2265
             (Registrant's telephone number, including area code)


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

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

As  of  July  20,  1997, 1,342,413 shares of $1.00 par value common stock were
outstanding.

<PAGE>
PART  I  -  FINANCIAL  INFORMATION:

ITEM  1:  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)



<TABLE>
<CAPTION>

                            SUMMIT FINANCIAL CORPORATION
                            CONSOLIDATED BALANCE SHEETS
                               (Dollars in Thousands)


                                                                      December 31,
                                                      June 30, 1997       1996
                                                     ---------------  -------------
                                                       (Unaudited)
<S>                                                  <C>              <C>

ASSETS:
Cash and interest-bearing deposits                   $        8,213   $       6,026
Federal funds sold                                            2,339           3,000
Investment securities available for sale
 (amortized cost of $20,656 and $18,510)                     20,665          18,511
Investments in stock of Federal Reserve Bank,
 Federal Home Loan Bank, and other, at cost                     693             634
Loans, net of unearned income and net of allowance
 for loan losses of $1,698 and $1,487                       112,911         101,205
Premises and equipment, net                                   2,433           2,502
Accrued interest receivable                                   1,010             940
Other assets                                                  1,428           1,344
                                                     ---------------  -------------
     TOTAL ASSETS                                    $      149,692   $     134,162
                                                     ===============  =============
LIABILITIES & SHAREHOLDERS' EQUITY:
Demand deposits                                      $       12,691   $      17,484
Interest-bearing demand deposits                              6,549           6,227
Savings and money market deposits                            34,399          23,366
Time deposits, $100,000 and over                             27,691          25,393
Other time deposits                                          49,889          45,335
                                                     ---------------  -------------
     TOTAL DEPOSITS                                         131,219         117,805
Securities sold under repurchase agreements                     781             761
Other borrowings                                              3,500           2,550
Accrued interest payable                                        964             823
Other liabilities                                               813             586
                                                     ---------------  -------------
     TOTAL LIABILITIES                                      137,277         122,525
                                                     ---------------  -------------
SHAREHOLDERS' EQUITY:
Common stock ($1.00 par value; 20,000,000 shares              1,342           1,335
 authorized; issued and outstanding 1,342,413 and
 1,334,409 shares)
Additional paid-in capital                                   10,293          10,254
Retained earnings                                               787              48
Unrealized net loss on investments available
 for sale, net of income taxes                                   (7)              -
                                                     ---------------  -------------
     TOTAL SHAREHOLDERS' EQUITY                              12,415          11,637
                                                     ---------------  -------------
     TOTAL LIABILITIES AND EQUITY                    $      149,692   $     134,162
                                                     ===============  =============

<FN>

SEE  NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
</TABLE>



<PAGE>
<TABLE>
<CAPTION>

                         SUMMIT FINANCIAL CORPORATION
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (Unaudited)
                 (Dollars, except per share data in Thousands)

                                               For the Quarters Ended June 30,

                                                      1997     1996
                                                     -------  -------
<S>                                                  <C>      <C>

INTEREST INCOME:
 Loans                                               $2,871   $2,076 
 Taxable investment securities                          287      338 
 Nontaxable investment securities                        19        8 
 Federal funds sold                                      54       77 
 Other                                                   38       37 
                                                     -------  -------
                                                      3,269    2,536 
                                                     -------  -------
INTEREST EXPENSE:
 Deposits                                             1,446    1,174 
 Other                                                   67       53 
                                                     -------  -------
                                                      1,513    1,227 
                                                     -------  -------
Net interest income                                   1,756    1,309 
Provision for loan losses                              (124)    (103)
                                                     -------  -------
Net interest income after provision for loan losses   1,632    1,206 
                                                     -------  -------
OTHER INCOME:
 Service charges and fees                                52       42 
 Credit card service fees and income                     62       55 
 Insurance commission fee income                         46       52 
 Other income                                            94      109 
                                                     -------  -------
                                                        254      258 
                                                     -------  -------
OTHER OPERATING EXPENSES:
 Salaries, wages and benefits                           649      565 
 Occupancy                                              119       93 
 Furniture, fixtures and equipment                      107       96 
 Other operating expenses                               380      290 
                                                     -------  -------
                                                      1,255    1,044 
                                                     -------  -------
Net income before income taxes                          631      420 
Provision for income taxes                             (231)    (160)
                                                     -------  -------
NET INCOME                                           $  400   $  260 
                                                     =======  =======
PER SHARE DATA:
  Primary                                            $ 0.29   $ 0.18 
  Fully diluted                                      $ 0.29   $ 0.18 
AVERAGE SHARES OUTSTANDING:
  Primary                                             1,492    1,410 
  Fully Diluted                                       1,492    1,410 

<FN>

SEE  NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
</TABLE>




<PAGE>
<TABLE>
<CAPTION>

                         SUMMIT FINANCIAL CORPORATION
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (Unaudited)
                 (Dollars, except per share data in Thousands)

                                             For the Six Months Ended June 30,

                                                      1997     1996
                                                     -------  -------
<S>                                                  <C>      <C>

INTEREST INCOME:
 Loans                                               $5,544   $4,047 
 Taxable investment securities                          554      645 
 Nontaxable investment securities                        28       14 
 Federal funds sold                                     125      116 
 Other                                                   78       77 
                                                     -------  -------
                                                      6,329    4,899 
                                                     -------  -------
INTEREST EXPENSE:
 Deposits                                             2,785    2,290 
 Other                                                  128      100 
                                                     -------  -------
                                                      2,913    2,390 
                                                     -------  -------
Net interest income                                   3,416    2,509 
Provision for loan losses                              (211)    (186)
                                                     -------  -------
Net interest income after provision for loan losses   3,205    2,323 
                                                     -------  -------
OTHER INCOME:
 Service charges and fees                               102       85 
 Credit card service fees and income                    122      112 
 Insurance commission fee income                         96       97 
 Other income                                           174      207 
                                                     -------  -------
                                                        494      501 
                                                     -------  -------
OTHER OPERATING EXPENSES:
 Salaries, wages and benefits                         1,341    1,149 
 Occupancy                                              231      189 
 Furniture, fixtures and equipment                      214      197 
 Other operating expenses                               744      602 
                                                     -------  -------
                                                      2,530    2,137 
                                                     -------  -------
Net income before income taxes                        1,169      687 
Provision for income taxes                             (430)    (262)
                                                     -------  -------
NET INCOME                                           $  739   $  425 
                                                     =======  =======
PER SHARE DATA:
  Primary                                            $ 0.52   $ 0.30 
  Fully diluted                                      $ 0.52   $ 0.30 
AVERAGE SHARES OUTSTANDING:
  Primary                                             1,491    1,410 
  Fully Diluted                                       1,491    1,410 

<FN>

SEE  NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
</TABLE>




<PAGE>
<TABLE>
<CAPTION>

                                                SUMMIT FINANCIAL CORPORATION
                                       CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
                                     FOR THE SIX MONTHS ENDED JUNE 30, 1997 (UNAUDITED)
                                          AND FOR THE YEAR ENDED DECEMBER 31, 1996


                                                   Shares  Amount   Additional    Retained     Unrealized         Total
                                                                      paid-in     earnings        net         shareholders'
                                                                      capital                 gain (loss)        equity
                                                                                                   on
                                                                                               investment
                                                                                               securities
                                                                                               available
                                                                                                  for
                                                                                              sale, net of
                                                                                                 income
                                                                                                 taxes
                                                                                             --------------         
<S>                                                <C>     <C>      <C>          <C>         <C>             <C>

Balance at December 31, 1995                        1,267  $ 1,267  $     9,342          -   $          54   $       10,663 
Net income for the year ended December 31, 1996         -        -            -  $   1,002               -            1,002 
Change in unrealized net gain (loss) on
 investment securities available for
 sale, net of income taxes                              -        -            -          -             (54)             (54)
Employee stock options exercised                        4        4           24          -               -               28 
Issuance of 5% stock distribution                      64       64          888       (952)              -                - 
Cash in lieu of fractional shares from
 stock distribution                                     -        -            -         (2)              -               (2)
                                                   ------  -------  -----------  ----------  --------------  ---------------
Balance at December 31, 1996                        1,335    1,335       10,254         48               -           11,637 
Net income for the six months ended June 30, 1997       -        -            -        739               -              739 
Change in unrealized net gain (loss) on
 investment securities available for
 sale, net of income taxes                              -        -            -          -              (7)              (7)
Employee stock options exercised                        7        7           39          -               -               46 
                                                   ------  -------  -----------  ----------  --------------  ---------------
Balance at June 30, 1997                            1,342  $ 1,342  $    10,293  $     787             ($7)  $       12,415 
                                                   ======  =======  ===========  ==========  ==============  ===============

<FN>

                                       SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</TABLE>




<PAGE>
<TABLE>
<CAPTION>

                                 SUMMIT FINANCIAL CORPORATION
                             CONSOLIDATED STATEMENTS OF CASH FLOWS
                                          (Unaudited)

                                                             For the Six Months Ended June 30,

                                                                            1997       1996
                                                                          ---------  ---------
<S>                                                                       <C>        <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
 Net income                                                               $    739   $    425 
 Adjustments to reconcile net income to net cash
  provided by operating activities:
   Provision for loan losses                                                   211        186 
   Depreciation and amortization                                               167        153 
   Gain on sale of fixed assets                                                (20)         - 
   Gain on sale of investments available for sale                               (1)         - 
   Net (accretion) amortization of net (discount) premium on investments       (12)         7 
   Increase in other assets                                                   (153)      (142)
   Increase (decrease) in other liabilities                                    371       (395)
Net cash provided by operating activities                                    1,302        234 
                                                                          ---------  ---------
CASH FLOWS FROM INVESTING ACTIVITIES:
 Purchases of securities available for sale                                 (7,145)    (7,316)
 Proceeds from maturities of securities available for sale                   2,002      5,338 
 Proceeds from sales of securities available for sale                        2,991          - 
 Purchases of Federal Home Loan Bank Stock                                     (58)      (122)
 Net increase in loans                                                     (11,418)   (11,577)
 Purchases of net finance loans receivable                                    (499)      (234)
 Purchases of fixed assets                                                    (101)       (15)
 Proceeds from sale of fixed assets                                             22          - 
Net cash used in investing activities                                      (14,206)   (13,926)
                                                                          ---------  ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
 Net increase in deposit accounts                                           13,414     10,624 
 Net increase in securities sold under repurchase agreements                    20        161 
 Repayment of other borrowings                                                 (50)         - 
 Advances from other borrowings                                              1,000          - 
 Proceeds from stock issuance pursuant to employee stock option plan            46         10 
Net cash provided by financing activities                                   14,430     10,795 
                                                                          ---------  ---------
Net (decrease) increase in cash and cash equivalents                         1,526     (2,897)
Cash and cash equivalents, beginning of period                               9,026     15,445 
Cash and cash equivalents, end of period                                  $ 10,552   $ 12,548 
                                                                          =========  =========
SUPPLEMENTAL INFORMATION:
 Cash paid during period for interest                                     $  2,772   $  2,351 
 Cash paid during period for income taxes                                 $    485   $    434 
 Change in market value of investment securities available                $     (7)  $   (256)
  for sale, net of income taxes

<FN>


SEE  NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS
</TABLE>




<PAGE>
                         SUMMIT FINANCIAL CORPORATION

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                 JUNE 30, 1997


NOTE  1  -  BASIS  OF  PRESENTATION:

     Summit Financial Corporation (the Company), a South Carolina corporation,
is  the  parent  holding  company  for  Summit  National  Bank  (the  Bank), a
nationally  chartered bank, and Freedom Finance, Inc. (the Finance Company), a
consumer  finance  company.

     Through its bank subsidiary, which commenced operations in July 1990, the
Company  provides  a  full  range of banking services, including the taking of
demand and time deposits and the making of commercial and consumer loans.  The
Bank  currently  has  two  full  service branch locations in Greenville, South
Carolina.  The Finance Company commenced operations in November 1994 and makes
and  services  small  installment loans to individuals from its twelve offices
throughout  South  Carolina.

     The  unaudited  consolidated  financial statements of the Company at June
30,  1997  and  for  the periods ended June 30, 1997 and 1996 were prepared in
accordance  with  the  instructions  for  Form  10-Q  and,  in  the opinion of
management,  all  adjustments  (consisting only of items of a normal recurring
nature)  necessary  for  a fair presentation of the financial position at June
30,  1997,  and the results of operations and cash flows for the periods ended
June 30, 1997 and 1996 have been included.  The results for the quarter or six
month period ended June 30, 1997 are not necessarily indicative of the results
that  may  be  expected  for  the  full  year  or  any  other  interim period.

     These  consolidated  financial  statements do not include all disclosures
required  by  generally  accepted  accounting principles and should be read in
conjunction  with  the Company's audited consolidated financial statements and
related  notes  for the year ended December 31, 1996 included in the Company's
1996  Annual  Report  on  Form  10K.

NOTE  2  -  CASH  FLOW  INFORMATION:

     The  Company  considers  those  amounts  included  in  the  balance sheet
captions  "Cash  and interest-bearing deposits" and "Federal funds sold" to be
cash  and cash equivalents, which totaled $10,552 and $12,548 at June 30, 1997
and  1996,  respectively.    Cash  includes  currency  and coin, cash items in
process  of  collection  and  due  from  banks.    Included  in  cash and cash
equivalents are overnight investments and short-term investments with original
maturities  of  less  than  six  months.



<PAGE>
                         SUMMIT FINANCIAL CORPORATION

                                  SIGNATURES



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

                                                  SUMMIT FINANCIAL CORPORATION


Dated:  September  2,  1997                             /s/ J. Randolph Potter
                                                        ----------------------
                                                 J. Randolph Potter, President
                                                   and Chief Executive Officer


Dated:  September  2,  1997                           /s/ Blaise B. Bettendorf
                                                      ------------------------
                                                  Blaise B. Bettendorf, Senior
                                                      Vice President and Chief
                                                             Financial Officer