**Exhibit 99.1**

**MIDCAROLINA FINANCIALCORPORATION**

Certification of Periodic Financial ReportPursuant to 18 U.S.C. Section 1350

Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of MidCarolina Financial Corporation (the“Company”) certifies that the Annual Report on Form 10-KSB of the Company for the fiscal year ended December 31, 2002 fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934 andinformation contained in that Form 10-KSB fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

|                                   |   |   |                                                               |
|----------------------------------------|--------|--------|--------------------------------------------------------------------|
| Dated:   March 26, 2003 |   |   | /s/RANDOLPH J.CARY, JR.                                            |
|                                   |   |   |                                                                    |
|                                   |   |   | **Randolph J. Cary, Jr.****President and Chief Executive Officer** |

 

|                                   |   |   |                                            |
|----------------------------------------|--------|--------|-------------------------------------------------|
| Dated:   March 26, 2003 |   |   | /s/ DAVID B. SPENCER                            |
|                                   |   |   |                                                 |
|                                   |   |   | **David B. Spencer****Chief Financial Officer** |

 

 

**CERTIFICATIONS**

I, Randolph J. Cary, Jr., certifythat:

1.        I have reviewed this annual report on Form 10-KSB ofMidCarolina Financial Corporation;

2.        Based on my knowledge, thisannual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to theperiod covered by this annual report; 

3.        Based on my knowledge, thefinancial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented inthis annual report; 

4.        The registrant’s other certifying officersand I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a)   designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within thoseentities, particularly during the period in which this annual report is being prepared;

b)   evaluated the effectiveness of theregistrant’s disclosure controls and procedures as of a date within 90 days prior to the filing date of this annual report (the “Evaluation Date”); and

c)   presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5.        The registrant’s other certifying officers and I have disclosed, based on our mostrecent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a)   all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data andhave identified for the registrant’s auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material,that involves management or other employees who have a significant role in the registrant’s internal controls; and

6.        The registrant’s other certifying officers and I have indicated in this annual report whether there were significant changes in internal controls or in other factorsthat could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: March 26, 2003

 

 

 

 

 

 

 

/s/RANDOLPH J.CARY, JR.

 

 

 

 

 

 

**Randolph J. Cary, Jr.****President and Chief Executive Officer**

 

 

**CERTIFICATIONS**

I, David B. Spencer, certifythat:

1.        I have reviewed this annual report on Form 10-KSB ofMidCarolina Financial Corporation;

2.        Based on my knowledge, thisannual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to theperiod covered by this annual report; 

3.        Based on my knowledge, thefinancial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented inthis annual report; 

4.        The registrant’s other certifying officersand I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a)   designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within thoseentities, particularly during the period in which this annual report is being prepared;

b)   evaluated the effectiveness of theregistrant’s disclosure controls and procedures as of a date within 90 days prior to the filing date of this annual report (the “Evaluation Date”); and

c)   presented in this annual report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5.        The registrant’s other certifying officers and I have disclosed, based on our mostrecent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a)   all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data andhave identified for the registrant’s auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material,that involves management or other employees who have a significant role in the registrant’s internal controls; and

6.        The registrant’s other certifying officers and I have indicated in this annual report whether there were significant changes in internal controls or in other factorsthat could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: March 26, 2003

 

 

 

 

 

 

 

/s/ DAVID B. SPENCER

 

 

 

 

 

 

**David B. Spencer****Chief Financial Officer**