SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.


                                   FORM 10-QSB

[X]  QUARTERLY  REPORT  PURSUANT  TO SECTION 13 OR 15 (d) OF THE  SECURITIES
     EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED JUNE 30, 2002

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OT 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________________
     TO _______________.

                         FDIC Certificate Number 26588-8


                       DARLINGTON COUNTY BANCSHARES, INC.
             (Exact Name of Registrant as Specified in the Charter)


                   Incorporated in the State of South Carolina
                I.R.S. Employer Identification Number 57-0805621


                    202 Cashua Street, Darlington, S.C. 29532
                    (Address of Principal Executive Offices)


                                 (843) 395-1956
              (Registrant's Telephone Number, including Area Code)


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


Common Stock - $.01 Par Value
158,000 Shares Outstanding on July 31, 2002





<PAGE>
<TABLE>
<CAPTION>

                                     PART I
                              FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                       DARLINGTON COUNTY BANCSHARES, INC.
                           CONSOLIDATED BALANCE SHEETS
                             (DOLLARS IN THOUSANDS)

                                                                                      (UNAUDITED)              (AUDITED)
                                                                                       JUNE 30,              DECEMBER 31,
                                                                                         2002                    2001
                                                                                  --------------------    --------------------
<S>                                                                                        <C>                    <C>
ASSETS
     Cash and due from banks                                                               $   1,535              $      315
     Investment securities - held to maturity                                                    642                     718
     Investment securities - available for sale                                                5,390                   7,638
     Other investments, at cost                                                                   50                      50
     Federal funds sold                                                                        3,073                   3,513
     Loans                                                                                    18,584                  17,613
     Less allowance for loan losses                                                             (191)                   (188)
                                                                                  --------------------    --------------------

             Loans - net                                                                      18,393                  17,425

     Premises and equipment - net                                                              1,035                   1,063
     Other assets                                                                                387                     451
                                                                                  --------------------    --------------------

             Total assets                                                                 $   30,505              $   31,173
                                                                                  ====================    ====================

LIABILITIES
     Deposits
        Demand deposits                                                                    $   4,698               $   4,910
        Savings and NOW accounts                                                              14,732                  12,744
        Other time deposits                                                                    7,200                   9,705
                                                                                  --------------------    --------------------

             Total deposits                                                                   26,630                  27,359

     Other liabilities                                                                           138                     120
                                                                                  --------------------    --------------------

             Total liabilities                                                                26,768                  27,479
                                                                                  --------------------    --------------------

STOCKHOLDERS' EQUITY
     Common stock - $.01 par value  authorized,  issued and outstanding  158,000
        shares at June 30, 2002 and December 31, 2001                                              2                       2
     Additional paid in capital                                                                1,618                   1,618
     Retained earnings                                                                         2,076                   2,096
     Accumulated other comprehensive loss                                                         41                     (22)
                                                                                  --------------------    --------------------

             Total stockholders' equity                                                        3,737                   3,694
                                                                                  --------------------    --------------------

             Total liabilities and stockholders' equity                                   $   30,505              $   31,173
                                                                                  ====================    ====================



       See notes to consolidated financial statements.
</TABLE>

                                       -2-


<PAGE>
<TABLE>
<CAPTION>

                       DARLINGTON COUNTY BANCSHARES, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                  (DOLLARS IN THOUSANDS EXCEPT PER SHARE DATA)
                                   (UNAUDITED)


                                                                THREE MONTHS ENDED                    SIX MONTHS ENDED
                                                                     JUNE 30,                             JUNE 30,
                                                         ----------------------------------   ----------------------------------
                                                              2002              2001               2002              2001
                                                         ---------------   ----------------   ---------------   ----------------
<S>                                                      <C>               <C>                <C>               <C>
INTEREST INCOME
    Loans, including fees                                     $     354          $     395         $     692          $     758
    Investment securities
       U. S. Government Agencies                                     92                 73               194                145
       Municipal securities                                           7                  8                15                 16
       Other equity securities                                        1                  -                 1                  1
    Federal funds sold and securities purchased
       under agreements to resell                                     6                 38                16                 99
                                                         ---------------   ----------------   ---------------   ----------------

            Total interest income                                   460                514               918              1,019
                                                         ---------------   ----------------   ---------------   ----------------

INTEREST EXPENSE
    Time deposits $100,000 and over                                   8                 20                21                 43
    Other deposits                                                  109                187               230                379
                                                         ---------------   ----------------   ---------------   ----------------

            Total interest expense                                  117                207               251                422
                                                         ---------------   ----------------   ---------------   ----------------

NET INTEREST INCOME                                                 343                307               667                597

PROVISION FOR LOAN LOSSES                                            18                 15                34                 30
                                                         ---------------   ----------------   ---------------   ----------------

            Net interest income after provision for
            loan losses                                             325                292               633                567
                                                         ---------------   ----------------   ---------------   ----------------

NONINTEREST INCOME
    Service charges on deposit accounts                              92                 78               174                147
    Other service charges, commissions and fees                       5                  5                 8                 10
                                                         ---------------   ----------------   ---------------   ----------------

            Total noninterest income                                 97                 83               182                157
                                                         ---------------   ----------------   ---------------   ----------------

NONINTEREST EXPENSES
    Salaries and employee benefits                                  160                146               320                285
    Net occupancy                                                    18                 16                36                 33
    Furniture and equipment                                          19                 13                40                 27
    Other                                                           108                100               209                198
                                                         ---------------   ----------------   ---------------   ----------------

            Total noninterest expenses                              305                275               605                543
                                                         ---------------   ----------------   ---------------   ----------------

    Income before income taxes                                      117                100               210                181
    Provision for income taxes                                       42                 26                72                 45
                                                         ---------------   ----------------   ---------------   ----------------

            Net income                                           $   75            $    74           $   138            $   136
                                                         ===============   ================   ===============   ================

PER SHARE
    Average shares outstanding                                  158,000            158,000           158,000            158,000
                                                         ===============   ================   ===============   ================

    Net income                                                  $  0.48            $  0.47          $   0.87            $  0.86
                                                         ===============   ================   ===============   ================

    Dividends paid                                              $  1.00            $  1.00          $   1.00            $  1.00
                                                         ===============   ================   ===============   ================

       See notes to consolidated financial statements.
</TABLE>

                                       -3-
<PAGE>
<TABLE>
<CAPTION>

                                                DARLINGTON COUNTY BANCSHARES, INC.
                                         CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
                                                      (DOLLARS IN THOUSANDS)
                                                           (UNAUDITED)



                                           COMMON STOCK                                             ACCUMULATED
                                     --------------------------
                                       NUMBER                     ADDITIONAL                           OTHER
                                         OF                        PAID IN         RETAINED        COMPREHENSIVE
                                       SHARES        AMOUNT        CAPITAL         EARNINGS        INCOME (LOSS)         TOTAL
                                     ------------ -------------  -------------  ---------------- ------------------  --------------

<S>                                      <C>         <C>            <C>             <C>                  <C>            <C>
BALANCE, JANUARY 1, 2001                 158,000     $       2      $   1,618       $     2,004          $     (36)     $   3,588

Net income for period                          -             -              -               136                  -            136

Comprehensive income, net of tax
     Net change in unrealized
       gain on securities
       available for sale                      -             -              -                 -                59              59
                                                                                                 ------------------  --------------

     Comprehensive income                                                                                                     196

Cash dividend ($.65 per share)                 -             -              -             (158)                 -            (158)
                                     ------------ -------------  -------------  ---------------- ------------------  --------------

BALANCE, JUNE 30, 2001                   158,000  $         2       $   1,618   $         1,982  $             23       $   3,625
                                     ============ =============  =============  ================ ==================  ==============


BALANCE, JANUARY 1, 2002                 158,000  $         2      $   1,618    $         2,096  $            (22)          3,694

Net income for period                          -             -              -               138                 -             138

Comprehensive income, net of tax
     Net change in unrealized loss
       on securities available for
       sale                                    -             -              -                 -                63              63
                                                                                                 ------------------  --------------

     Comprehensive income                                                                                                     201

Cash dividend ($1.00 per share)                -             -              -             (158)                 -            (158)
                                     ------------ -------------  -------------  ---------------- ------------------  --------------

BALANCE, JUNE 30, 2002                   158,000  $         2     $    1,618    $         2,076  $             41       $   3,737
                                     ============ =============  =============  ================ ==================  ==============












     See notes to consolidated financial statements.
</TABLE>

                                       -4-


<PAGE>
<TABLE>
<CAPTION>
                       DARLINGTON COUNTY BANCSHARES, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (DOLLARS IN THOUSANDS)
                                   (Unaudited)

                                                                                             SIX MONTHS ENDED JUNE 30,
                                                                                        -------------------------------------
                                                                                              2002                2001
                                                                                        -----------------   -----------------
<S>                                                                                             <C>                 <C>
OPERATING ACTIVITIES
     Net income                                                                                 $   138             $   136
     Adjustments to reconcile net income to net cash provided
        by operating activities
        Provision for loan losses                                                                    34                 122
        Depreciation                                                                                 36                  24
        Decrease in other assets                                                                     64                 167
        Increase in other liabilities                                                                18                 (42)
                                                                                        -----------------   -----------------

               Net cash provided by operating activities                                            290                 407
                                                                                        -----------------   -----------------

INVESTING ACTIVITIES
     Decrease in Federal funds sold                                                                 440
                                                                                                                      2,855
     Proceeds from maturities of investment securities
        held to maturity                                                                             76                   -
     Proceeds from maturities of investment securities
        available for sale                                                                        3,811                   -
     Purchase of investment securities available for sale                                        (1,500)               (605)
     Net increase in loan balances                                                               (1,002)             (2,708)
     Purchase of equipment                                                                           (8)               (211)
                                                                                        -----------------   -----------------

               Net cash provided by investing activities                                          1,817                (669)
                                                                                        -----------------   -----------------

FINANCING ACTIVITIES
     Net increase (decrease) in deposits                                                           (729)              1,697
     Cash dividends paid                                                                           (158)               (158)
                                                                                        -----------------   -----------------

               Net cash used for financing activities                                              (887)              1,539
                                                                                        -----------------   -----------------

               Increase (decrease) in cash and cash equivalents                                   1,220               1,277

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                                      315               1,090
                                                                                        -----------------   -----------------

CASH AND CASH EQUIVALENTS,  END OF PERIOD                                                      $  1,535            $  2,367
                                                                                        =================   =================


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
     Increase in net unrealized gains on securities available for sale                          $    63             $    59
                                                                                        =================   =================

CASH PAID FOR
     Interest                                                                                   $   252             $   432
                                                                                        =================   =================

     Income taxes                                                                               $    71             $    44
                                                                                        =================   =================


      See notes to consolidated financial statements.
</TABLE>

                                       -5-


<PAGE>


                       DARLINGTON COUNTY BANCSHARES, INC.
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 - BASIS OF PRESENTATION

           The accompanying unaudited financial statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information  and  with the  instructions  to Form  10-QSB  and  item  310(b)  of
Regulation S-B of the Securities and Exchange Commission.  Accordingly,  they do
not  include all  information  and  footnotes  required  by  generally  accepted
accounting principles for complete financial statements. However, in the opinion
of management,  all  adjustments  (consisting of normal  recurring  adjustments)
considered necessary for a fair presentation have been included.

NOTE 2 - NET INCOME PER SHARE

           Net income per share is computed on the basis of the weighted average
number of common shares  outstanding  in accordance  with Statement of Financial
Accounting  Standards No. 128,  "Earnings per Share". The Bank does not have any
instruments  which are dilutive;  therefore,  only basic net income per share of
common stock is presented.

NOTE 3 - ORGANIZATION

           Darlington County Bancshares,  Inc. (the "Company"), was organized in
July 1999 for the purpose of being a holding company for Darlington  County Bank
(the "Bank").  On July 1, 1999,  pursuant to a Plan of Exchange  approved by the
shareholders,  all of the  outstanding  shares of capital stock of the Bank were
exchanged for shares of common stock of the Company.  A par value  conversion of
$788,000  was  recorded  in July  1999 to  reflect  a change in the par value of
common  stock  from  $5.00 per share to $.01 per share.  The  Company  presently
engages in no business  other than that of owning the Bank and has no employees.
Reporting  periods presented earlier than July 1, 1999 include the operations of
Darlington County Bank only.

ITEM 2.

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

           The following  discussion and analysis  should be read in conjunction
with the financial  statements  and related  notes  appearing in the 2001 Annual
Report of Darlington County  Bancshares,  Inc. Results of operations for the six
months ending June 30, 2002 are not necessarily  indicative of the results to be
attained  for  any  other  period.   The  following   information   may  contain
forward-looking  statements that involve risks and uncertainties.  The Company's
actual  results  may  differ  materially  from  the  results  discussed  in  the
forward-looking statements.

SIX MONTHS ENDED JUNE 30, 2002 COMPARED TO SIX MONTHS ENDED JUNE 30, 2001

RESULTS OF OPERATIONS - SIX MONTHS ENDED JUNE 30, 2002
   The  Company's net income for the six months ended June 30, 2002 was $138,000
   or $0.87 per share as  compared  to  $136,000  or $0.86 per share for the six
   months ended June 30, 2001.

NET INTEREST INCOME
   Net interest income is the difference  between the interest earned on earning
   assets and the interest paid for funds acquired to support those assets.  Net
   interest income,  the principal  source of the Bank's earnings,  was $667,000
   and $597,000 for the six months ended June 30, 2002 and 2001, respectively.

                                                                     (Continued)
                                       -6-

<PAGE>

ITEM 2: (CONTINUED)

   Changes  that affect net  interest  income are  changes in the  average  rate
   earned  on  interest-earning  assets,  changes  in the  average  rate paid on
   interest-bearing  liabilities,  and changes in the volume of interest-earning
   assets and interest-bearing liabilities.

   Interest-earning   assets  for  the  second  quarter  of  2002  increased  by
   $1,039,000  or 3.89%  over the same  period in 2001,  while  interest-bearing
   liabilities  increased by $183,000 or 0.69%  comparing the second  quarter of
   2002 with the second quarter of 2001.

<TABLE>
<CAPTION>
                                                        AVERAGE BALANCES, INCOME AND EXPENSES, AND RATES
                                                                FOR THE SIX MONTHS ENDED JUNE 30,
                                        ------------------------------------------------------------------------------------
                                                          2002                                      2001
                                         ------------------------------------------ ----------------------------------------
                                            AVERAGE       INCOME/      ANNUALIZED      AVERAGE     INCOME/      ANNUALIZED
                                            BALANCE       EXPENSE      YIELD/RATE      BALANCE     EXPENSE      YIELD/RATE
                                         -------------- ------------- ------------- -------------- ----------- -------------

<S>                                         <C>          <C>                 <C>       <C>         <C>                <C>
Federal funds sold                          $1,987,906   $   16,000          1.61%     $3,196,165  $   99,000         6.19%
Investment securities                        8,987,941      210,000          4.67%      5,725,955     162,000         5.66%
Loans                                       17,699,238      692,000          7.82%     17,988,693     758,000         8.43%
                                         -------------  -----------                 -------------  ----------

     Total earning assets                 $ 28,675,085      918,000          6.40%   $ 26,910,813   1,019,000         7.57%
                                          ============                               ============

     Total interest bearing liabilities   $ 27,523,311      251,000          1.82%   $ 25,693,852     422,000         3.28%
                                          ============  -----------   -----------    ============  ----------  -----------

Net interest spread                                                          4.58%                                    4.29%

Net interest income/margin                                $ 667,000          4.65%                  $ 597,000         4.44%
                                                        ===========   ============                 ==========  ============
</TABLE>

As  reflected  above,  for the first six  months  of 2002 the  average  yield on
earning  assets  amounted to 6.40%,  while the average cost of  interest-bearing
liabilities was 1.82%. For the same period of 2001, the average yield on earning
assets was 7.57% and the average cost of interest-bearing liabilities was 3.28%.
The decrease in the yield on earning assets is attributable to a decrease in the
yield on all  interest  earning  assets  offset  by an  increase  in  investment
securities.  The net interest margin is computed by subtracting interest expense
from   interest   income  and   dividing   the   resulting   figure  by  average
interest-earning  assets.  The net interest margin for the period ended June 30,
2002 was  4.65%  and for 2001 was  4.44%.  This  increase  was the  result  of a
decrease in the rates on earning assets offset by a greater decrease in the rate
on  interest-bearing  liabilities.  From  June 30,  2002,  the  Federal  Reserve
decreased rates twice over the past twelve months. As a result, overall interest
rates on earnings assets and interest-bearing  liabilities have repriced and the
Bank has earned/paid lower yields/rates.

The following  table  represents  changes in the  Company's net interest  income
which are  primarily  a result of  changes  in volume  and rates of its  earning
assets and interest-bearing  liabilities. The increase in net interest income is
due to an increased volume of investment securities offset by decreased rates on
earning assets and decreased rates on interest-bearing liabilities.
<TABLE>
<CAPTION>
                   ANALYSIS OF CHANGES IN NET INTEREST INCOME
                                                                                 FOR THE SIX MONTHS ENDED
                                                                                JUNE 30, 2002 VERSUS 2001
                                                                -------------------------------------------------------------
                                                                     VOLUME                 RATE             NET CHANGE
                                                                -------------------  -------------------  -------------------

<S>                                                                <C>                  <C>                   <C>
Federal funds sold                                                 $     (37,425)       $      (45,575)       $     (83,000)
Investment securities                                                     92,289               (44,289)              48,000
Loans                                                                    (12,197)              (53,803)             (66,000)
                                                                -------------------  -------------------  -------------------

       Total earning assets                                               42,667              (143,667)            (101,000)

       Total interest on interest-bearing liabilities                     30,047              (201,047)            (171,000)
                                                                -------------------  -------------------  -------------------

Net interest income                                                $      12,620        $       57,380        $      70,000
                                                                ===================  ===================  ===================
</TABLE>

                                                                     (Continued)
                                       -7-


<PAGE>


ITEM 2: (CONTINUED)

NONINTEREST INCOME
   Noninterest  income  for the six  months  ended  June  30,  2002 and 2001 was
   $182,000 and  $157,000,  respectively.  Noninterest  income  increased due to
   increased service charges on deposit accounts.

NONINTEREST EXPENSES
   Noninterest  expenses  for the six months  ended June 30,  2002 and 2001 were
   $605,000 and $543,000,  respectively.  Noninterest  expenses increased due to
   increased salaries and employee benefits expense.

   The allowance for loan losses was 1.03% of loans, net of unearned income,  as
   of June 30, 2002  compared to 1.07% at December 31, 2001.  The  provision for
   loan losses was  $34,000  and $30,000 for the six months  ended June 30, 2002
   and 2001,  respectively.  Management reviews the adequacy of the allowance on
   an ongoing basis and believes the allowance is adequate.

THREE MONTHS ENDED JUNE 30, 2002 COMPARED TO THREE MONTHS ENDED JUNE 30, 2001

RESULTS OF OPERATIONS - THREE MONTHS ENDED JUNE 30, 2002
   The Company's net income for the second  quarter of 2002 was $75,000 or $0.48
   per share  compared  to $74,000 or $0.47 per share for the second  quarter of
   2001.

NET INTEREST INCOME
   Net interest income is the difference  between the interest earned on earning
   assets and the interest paid for funds acquired to support those assets.  Net
   interest income,  the principal  source of the Bank's earnings,  was $343,000
   and $307,000 for the quarters ended June 30, 2002 and 2001, respectively.

NONINTEREST INCOME
   Noninterest  income for the three  months  ended  June 30,  2002 and 2001 was
   $97,000 and $83,000,  respectively.  Noninterest  income increased due to the
   increase in service charges.

NONINTEREST EXPENSES
   Noninterest  expenses  for the three months ended June 30, 2002 and 2001 were
   $305,000 and $275,000,  respectively.  Noninterest  expenses increased due to
   increased salaries and employee benefits expense.


FINANCIAL CONDITION

LIQUIDITY
   Liquidity  is the  ability to meet  current  and future  obligations  through
   liquidation or maturity of existing assets or the acquisition of liabilities.
   The Company manages both assets and liabilities to achieve appropriate levels
   of liquidity.  Cash and  short-term  investments  are the  Company's  primary
   sources of asset liquidity.  These funds provide a cushion against short-term
   fluctuations  in cash flow from  both  deposits  and  loans.  The  investment
   portfolio  is the  Bank's  principal  source of  secondary  asset  liquidity.
   However,  the  availability  of this source of funds is  influenced by market
   conditions.  In addition,  investment securities of approximately  $1,565,000
   were  pledged to secure  public  deposits at June 30,  2002.  Individual  and
   commercial  deposits  are the  Bank's  primary  source  of funds  for  credit
   activities. The Bank also has an unused short-term line of credit to purchase
   Federal funds from an unrelated bank totaling $2,500,000. Management believes
   that the  Company's  liquidity  sources are  adequate  to meet its  operating
   needs.



                                                                     (Continued)

                                       -8-

<PAGE>

ITEM 2: (CONTINUED)

OFF-BALANCE SHEET RISK
   Through the operations of our bank, we have made  contractual  commitments to
   extend  credit in the  ordinary  course  of our  business  activities.  These
   commitments are legally binding  agreements to lend money to our customers at
   predetermined  interest  rates for a  specified  period of time.  At June 30,
   2002,  we had  issued  commitments  to extend  credit of  $4,644,000  through
   various types of commercial lending arrangements. We evaluate each customer's
   credit worthiness on a case-by-case basis. The amount of collateral obtained,
   if deemed  necessary by us upon  extension of credit,  is based on our credit
   evaluation  of the  borrower.  Collateral  varies  but may  include  accounts
   receivable,   inventory,  property,  plant  and  equipment,   commercial  and
   residential  real estate.  We manage the credit risk on these  commitments by
   subjecting them to normal underwriting and risk management processes.


LOANS
   Commercial,  financial and agricultural loans made up 26.7% of the total loan
   portfolio as of June 30, 2002,  totaling  $4,956,000.  Loans  secured by real
   estate for construction and land development  totaled $471,000 or 2.5% of the
   total loan  portfolio  while all other loans  secured by real estate  totaled
   $8,623,000  or  46.4%  of the  total  loan  portfolio  as of June  30,  2002.
   Installment loans and other consumer loans to individuals  comprised 24.4% of
   the total loan portfolio totaling $4,534,000.


CAPITAL RESOURCES
   The capital  base for the Company  increased by $57,000 for the six months of
   2002.  This net  change  includes  an  increase  to equity  for net income of
   $138,000 and an increase in  unrealized  gains on  investment  securities  of
   $63,000,  offset by cash dividends paid of $158,000.  The Company's equity to
   asset  ratio was 12.30% on June 30,  2002,  as compared to 11.85% on December
   31, 2001.

   The  Federal  Deposit   Insurance   Corporation  has  issued  guidelines  for
   risk-based  capital  requirements.  As of June 30, 2002, the Bank exceeds the
   capital requirement levels that are to be maintained.
<TABLE>
<CAPTION>

                                 CAPITAL RATIOS
                             (AMOUNTS IN THOUSANDS)
                                                                                                            ADEQUATELY
                                                                             WELL CAPITALIZED               CAPITALIZED
                                                    ACTUAL                     REQUIREMENT                  REQUIREMENT
                                          ---------------------------- ---------------------------- ---------------------------
                                             AMOUNT         RATIO         AMOUNT         RATIO         AMOUNT        RATIO
                                          -------------- ------------- ------------- -------------- ------------ --------------
<S>                                          <C>               <C>        <C>               <C>       <C>               <C>
Total capital (to risk weighted assets)      $  3,736          19.0%      $  1,704          10.0%     $  1,363          8.0%

Tier 1 capital (to risk weighted assets)        3,695          18.1%         1,023           6.0%          682          4.0%

Tier 1 capital (to average assets)              3,695          11.9%         1,332           5.0%        1,065          4.0%

</TABLE>

ASSET QUALITY
   Nonperforming assets as a percentage of loans and foreclosed property totaled
   .75% and  .09% as of June  30,  2002 and  December  31,  2001,  respectively.
   Nonperforming  assets  were  $139,000  as of June  30,  2002 and  $15,900  at
   December 31, 2001.

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





                                                                     (Continued)
                                       -9-

<PAGE>


ITEM 2: (CONTINUED)

IMPACT OF INFLATION
   Unlike most  industrial  companies,  the assets and  liabilities of financial
   institutions  such as the Bank are primarily  monetary in nature.  Therefore,
   interest rates have a more significant  impact on the Bank's performance than
   do the effects of changes in the  general  rate of  inflation  and changes in
   prices.  In  addition,  interest  rates do not  necessarily  move in the same
   magnitude  as the  prices of goods and  services.  As  discussed  previously,
   management  seeks to manage  the  relationships  between  interest  sensitive
   assets and  liabilities in order to protect  against wide rate  fluctuations,
   including those resulting from inflation.

RECENTLY ISSUED ACCOUNTING STANDARDS
   Accounting  pronouncements  recently  issued  or  proposed  by the  Financial
   Accounting  Standards Board are not expected to have a material effect on the
   financial position of the Company.


PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

There are no  material  pending  legal  proceedings  to which the Company or its
subsidiary is a party or to which any of their property is the subject.

ITEM 2.  CHANGES IN SECURITIES

Not Applicable

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

Not Applicable

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The annual shareholders' meeting of Darlington County Bancshares,  Inc. was held
on April 23, 2002. At the meeting the following  directors  were elected for the
terms specified:

<TABLE>
<CAPTION>

                                                 NUMBER OF VOTES          NUMBER OF VOTES           NUMBER OF VOTES
           TERM TO EXPIRE IN                           FOR                    AGAINST                  ABSTAINED
           -------------------------------    ----------------------   ----------------------    ----------------------
           <S>                                    <C>                           <C>                      <C>
           W. Edwin Dargin                        88,267                        35                       714
           W. B. McCown, III                      88,481                        35                       500
           Albert Jones, III                      88,567                        35                       414
</TABLE>


ITEM 5.  OTHER INFORMATION

None

ITEM 6. EXHIBITS AND REPORT ON FORM 8-K

None







                                      -10-

<PAGE>

SIGNATURES


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



            DARLINGTON COUNTY BANCSHARES, INC.
                    Name of Bank


By:  /s/ W. B. McCown, III                        Date: August 13, 2002
     ---------------------------------------           -----------------------
     W. B. McCown, III, President and
     Chief Executive Officer


By:  /s/ Henry Funderburk                         Date: August 13, 2002
     ---------------------------------------           -----------------------
     Henry Funderburk
     Executive Vice President
     Darlington County Bank
     Functioning as Chief Financial Officer
       Of the Company


         CERTIFICATE OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906
                        OF THE SARBANES-OXLEY ACT OF 2002

W.B.  McCown III,  the  President  and  Chief  Executive  Officer of  Darlington
County  Bancshares,  Inc. (the "Company"), hereby  certifies that to the best of
his knowledge:

     1.   The Quarterly  Report on Form 10-QSB for the fiscal quarter ended June
          30,  2002 of the  Company  (the  "Report")  fully  complies  with  the
          requirements  of  section  13(a)  or  15(d),  as  applicable,  of  the
          Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

     2.   The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Company at the dates and for the periods indicated.

The foregoing certification is made solely for the purpose of complying with the
requirements  of Section 906 of the  Sarbanes-Oxley  Act of 2002 (18 U.S.C.  ss.
1350)  and  may not be  relied  upon  by  anyone  for  any  other  purpose.  The
undersigned  expressly  disclaims any undertaking to update such  certifications
except as required by law.


Date:  August 13, 2002.
                                       /s/ W. B. McCown, III
                                       ------------------------------------
                                       W.B. McCown III
                                       President and Chief Executive Officer







                                      -11-

<PAGE>


       CERTIFICATE OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906
                        OF THE SARBANES-OXLEY ACT OF 2002

Henry  Funderburk,  the Executive Vice President of Darlington  County Bank, the
only and  wholly-owned  subsidiary of Darlington  County  Bancshares,  Inc. (the
"Company"),  the closest equivalent to a chief financial officer of the Company,
hereby certifies that to the best of his knowledge:

     1.   The Quarterly  Report on Form 10-QSB for the fiscal quarter ended June
          30,  2002 of the  Company  (the  "Report")  fully  complies  with  the
          requirements  of  section  13(a)  or  15(d),  as  applicable,  of  the
          Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

     2.   The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Company at the dates and for the periods indicated.

The foregoing certification is made solely for the purpose of complying with the
requirements  of Section 906 of the  Sarbanes-Oxley  Act of 2002 (18 U.S.C.  ss.
1350)  and  may not be  relied  upon  by  anyone  for  any  other  purpose.  The
undersigned  expressly  disclaims any undertaking to update such  certifications
except as required by law.


Date:  August 13, 2002.

                                         /s/ Henry Funderburk
                                         ------------------------
                                         Henry Funderburk
                                         Executive Vice President
                                         Darlington County Bank




















                                      -12-