|                                                                                                                                                                                                                                                                                                               
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|UNITED STATES                                                                                                                                                                                                                                                                                                  
|SECURITIES AND EXCHANGE COMMISSION                                                                                                                                                                                                                                                                             
|WASHINGTON, D.C. 20549                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                               
|FORM 10-Q                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               
|[ X ] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                               
|For the Quarterly Period Ended                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               
|[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                               
|For the Transition Period from                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                               
|Commission File Number                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                               
|SNB BANCSHARES, INC.                                                                                                                                                                                                                                                                                           
|(Name of Small Business Issuer in its Charter)                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                               
|GEORGIA                                                                                                                                                                                                                                                                                                        
|State or Other Jurisdiction of Incorporation or Organization                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               
|2918 RIVERSIDE DRIVE, MACON, GEORGIA 31204                                                                                                                                                                                                                                                                     
|(Address of Principal Executive Offices) (Zip Code)                                                                                                                                                                                                                                                            
|                                                                                                                                                                                                                                                                                                               
|Issuer's Telephone Number                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                               
|SAME AS ABOVE                                                                                                                                                                                                                                                                                                  
|(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               
|Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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. XYes No
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               
|APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY                                                                                                                                                                                                                                                              
|PROCEEDINGS DURING THE PRECEDING FIVE YEARS                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                               
|Check whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes No                                                                                                
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               
|APPLICABLE ONLY TO CORPORATE ISSUERS                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                               
|State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                               
|3,388,067 Shares of $1.00 par value common stock as of March 31, 2002                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                               







|SNB BANCSHARES, INC. AND SUBSIDIARIES
|-------------------------------------
|                                     
|                                     
|INDEX                                
|                                     
|                                     
|                                     
|                                     
|                                     
|PART I                               
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
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|                                     
|                                     
|                                     
|                                     
|                                     
|PART II                              
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     

PART I, ITEM 1

Financial Information



|SNB BANCSHARES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS EXCEPT SHARE AND PER SHARE AMOUNTS)
|-----------------------------------------------------------------------------------------------------------------------------
|                                                                                                                             
|ASSETS                                                                                                                       
|                                                                                                                             
|                                                                                                                             
|                                                                                                                             
|Cash and Due from Banks                                                                                                      
|                                                                                                                             
|Federal Funds Sold                                                                                                           
|                                                                                                                             
|Investments Securities                                                                                                       
|                                                                                                                             
|Federal Home Loan Bank Stock, at Cost                                                                                        
|                                                                                                                             
|Loans                                                                                                                        
|                                                                                                                             
|Premises and Equipment                                                                                                       
|                                                                                                                             
|Other Real Estate                                                                                                            
|                                                                                                                             
|Other Assets                                                                                                                 
|                                                                                                                             
|Total Assets                                                                                                                 
|                                                                                                                             
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                         
|                                                                                                                             
|Deposits                                                                                                                     
|                                                                                                                             
|Demand Notes to U.S. Treasury                                                                                                
|                                                                                                                             
|Other Borrowed Money                                                                                                         
|                                                                                                                             
|Other Liabilities                                                                                                            
|                                                                                                                             
|Stockholders' Equity                                                                                                         
|Common Stock, Par Value $1 Per Share; Authorized
10,000,000 Shares, Issued 3,388,067 and 3,372,969
Shares, Respectively      
|Paid-In Capital                                                                                                              
|Retained Earnings                                                                                                            
|Accumulated Other Comprehensive Income, Net of Tax                                                                           
|                                                                                                                             
|                                                                                                                             
|                                                                                                                             
|Total Liabilities and Stockholders' Equity                                                                                   

The accompanying notes are an integral part of these condensed consolidated balance sheets.

1

PART I, ITEM 1 (CONTINUED)

Financial Information



|SNB BANCSHARES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
FOR THE THREE MONTHS ENDED MARCH 31
(UNAUDITED)
(IN THOUSANDS, EXCEPT PER SHARE AND SHARE AMOUNTS)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|Interest Income                                                                                                                                                                     
|Loans, Including Fees                                                                                                                                                               
|Federal Funds Sold                                                                                                                                                                  
|Investment Securities                                                                                                                                                               
|Other                                                                                                                                                                               
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|Interest Expense                                                                                                                                                                    
|Deposits                                                                                                                                                                            
|Federal Funds Purchased                                                                                                                                                             
|Demand Notes Issued to the U.S. Treasury                                                                                                                                            
|FHLB Loans                                                                                                                                                                          
|Repurchase Agreements                                                                                                                                                               
|Other                                                                                                                                                                               
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|Net Interest Income                                                                                                                                                                 
|                                                                                                                                                                                    
|Provision for Loan Losses                                                                                                                                                           
|                                                                                                                                                                                    
|Net Interest Income After Provision for Loan Losses                                                                                                                                 
|                                                                                                                                                                                    
|Noninterest Income                                                                                                                                                                  
|Service Charges on Deposits                                                                                                                                                         
|Other Service Charges, Commissions and Fees                                                                                                                                         
|Securities Gains                                                                                                                                                                    
|Mortgage Origination Fees                                                                                                                                                           
|Other                                                                                                                                                                               
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|Noninterest Expense                                                                                                                                                                 
|Salaries and Employee Benefits                                                                                                                                                      
|Occupancy and Equipment                                                                                                                                                             
|Office Supplies and Printing                                                                                                                                                        
|Telephone Expense                                                                                                                                                                   
|Other                                                                                                                                                                               
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|                                                                                                                                                                                    
|Income Before Income Taxes                                                                                                                                                          
|                                                                                                                                                                                    
|Income Taxes                                                                                                                                                                        
|                                                                                                                                                                                    
|Net Income                                                                                                                                                                          
|                                                                                                                                                                                    
|Basic Earnings Per Share                                                                                                                                                            
|                                                                                                                                                                                    
|Diluted Earnings Per Share                                                                                                                                                          
|                                                                                                                                                                                    
|Weighted Average Common Shares Outstanding                                                                                                                                          

The accompanying notes are an integral part of these condensed consolidated financial statements.

2

PART I, ITEM 1 (CONTINUED)

Financial Information



|SNB BANCSHARES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED MARCH 31
(UNAUDITED)
($ IN THOUSANDS)
|----------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                
|                                                                                                                                                                
|                                                                                                                                                                
|                                                                                                                                                                
|Net Income                                                                                                                                                      
|                                                                                                                                                                
|Other Comprehensive Income, Net of Income Tax                                                                                                                   
|Unrealized Holding Gains (Losses)                                                                                                                               
|                                                                                                                                                                
|Comprehensive Income                                                                                                                                            























































The accompanying notes are an integral part of these condensed consolidated financial statements.





3

PART I, ITEM 1 (CONTINUED)

Financial Information



|SNB BANCSHARES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31
(UNAUDITED)
($ IN THOUSANDS)
|------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                      
|                                                                                                                                                      
|                                                                                                                                                      
|                                                                                                                                                      
|Cash Provided by Operations                                                                                                                           
|                                                                                                                                                      
|Cash Flows from Investing Activities                                                                                                                  
|Purchases of Securities Available for Sale                                                                                                            
|Sale of Securities Available for Sale                                                                                                                 
|Maturities of Securities Available for Sale                                                                                                           
|Maturities of Securities Held to Maturity                                                                                                             
|Sale (Purchase) of Federal Home Loan Bank Stock                                                                                                       
|Net Loans Made to Customers                                                                                                                           
|Purchase of Premises and Equipment, Net                                                                                                               
|Proceeds from Sale of Other Real Estate                                                                                                               
|                                                                                                                                                      
|                                                                                                                                                      
|                                                                                                                                                      
|Cash Flows from Financing Activities                                                                                                                  
|Net Decrease in Noninterest-Bearing Deposits                                                                                                          
|Net Increase in Interest-Bearing Deposits                                                                                                             
|Repayment of Federal Funds Purchased and Repurchase Agreements                                                                                        
|Proceeds From (Repayment of) Demand Note to the U.S. Treasury                                                                                         
|Proceeds From (Principal Payments on) Other Borrowed Money                                                                                            
|Dividends Paid                                                                                                                                        
|Issuance of Common Stock                                                                                                                              
|                                                                                                                                                      
|                                                                                                                                                      
|                                                                                                                                                      
|Net Increase (Decrease) in Cash and Cash Equivalents                                                                                                  
|                                                                                                                                                      
|Cash and Cash Equivalents, Beginning                                                                                                                  
|                                                                                                                                                      
|Cash and Cash Equivalents, Ending                                                                                                                     

The accompanying notes are an integral part of these condensed consolidated financial statements.

4

PART I, ITEM 1 (CONTINUED)

Financial Information

SNB BANCSHARES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(1) Basis of Presentation

The consolidated financial statements include SNB Bancshares, Inc. (the Company) and its wholly-owned subsidiaries, Security Bank of Bibb County (formerly Security National Bank), located in Macon, Georgia and Security Bank of Houston County (formerly Crossroads Bank of Georgia), located in Perry, Georgia (the Banks). The financial statements of Security Bank of Bibb County include its wholly-owned subsidiary, Fairfield Financial Services, Inc. since its formation on August 1, 2000. All intercompany accounts have been eliminated in consolidation.

Changes in Accounting Principles and Effects of New Accounting Pronouncements

In June 1998, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standard (SFAS) No. 113, Accounting for Derivative Instruments and Hedging Activities, which establishes accounting and reporting standards requiring that every derivative instrument (including certain derivative instruments embedded in other contracts) be recorded in the balance sheet as either an asset or liability measured at its fair value. The Statement requires that changes in the derivative's fair value be recognized currently in earnings unless specific hedge accounting criteria is met. Special accounting for qualifying hedges allows a derivative's gain and losses to offset related results on the hedged item in the income statement, and requires that a company must formally document, designate and assess the effectiveness of transactions that receive hedge accounting. In June 1999, the FASB issued SFAS No. 137, Accounting for Derivative Instruments and Hedging Activities-Deferral of the Effective Date of FASB Statement No. 133, which delays the original effective date of SFAS No. 133 until fiscal years beginning after June 15, 2000. In June 2000, the FASB issued SFAS No. 138, Accounting for Certain Derivative Instruments and Certain Hedging Activities an Amendment of FASB Statement No. 133, which addresses a limited number of issues causing implementation difficulties for certain entities that apply Statement 133. Management does anticipate that the derivative statements will have a material effect, if any, on the financial position and results of operations of SNB.

During the second quarter of 1998, the American Institute of Certified Public Accountants issued Statement of Position (SOP) 98-5, Accounting for Start-up Costs. SOP 98-5 provides guidance on the financial reporting of start-up costs and organization costs and requires start-up costs to be expensed as incurred. The adoption of the statement had no impact on SNB's financial position or results of operations.

On July 20, 2001 the FASB issued SFAS No. 141, Business Combinationsand SFAS No. 142, Goodwill and Other Intangible Assets. These statements make significant changes to the accounting for business combinations, goodwill, and intangible assets. SFAS No. 141 eliminates the pooling-of-interests method of accounting for business combinations with limited exceptions for combinations initiated prior to July 1, 2001. In addition, it further clarifies the criteria for recognition of intangible assets separately from goodwill. This Statement is effective for business combinations completed after June 30, 2001.

SFAS No. 142 discontinues the practice of amortizing goodwill and indefinite-lived intangible assets and initiates an annual review for impairment. Impairment would be examined more frequently if certain indicators are encountered. Intangible assets with a determinable useful life will continue to be amortized over that period. The Banks are required to adopt the provisions of SFAS No. 142 effective January 1, 2002. It is anticipated that the adoption of SFAS No. 142 will not have a material effect on the Company's financial statements.



5

PART I, ITEM 1 (CONTINUED)

Financial Information

(1) Basis of Presentation (Continued)

Segment Reporting

Reportable segments are business units which offer different products and services and require different management and marketing strategies. Management of SNB Bancshares, Inc. considers that all banking operations are essentially similar within each of its subsidiaries and that there are no reportable operating segments. However, fee income from mortgage loans originated and sold to investors increased significantly with the July 2000 acquisition of Fairfield Financial Services, Inc. (Fairfield). Consolidated other income for the year ended March 31, 2002, includes approximately $2,000,000 of Fairfield fee income. Such income may fluctuate significantly with increases or decreases in mortgage rates.

The financial information included herein is unaudited; however, such information reflects all adjustments which are, in the opinion of management, necessary to fairly state the financial position and results of operations for the interim periods presented.



(2) Loans

Loans as of March 31, 2002 are comprised of the following:



|                                                           | ($ in Thousands)
|---------------------------------------------------------- | ----------------
|                                                           |                 
|Commercial                                                 | $ 40,091        
|Real Estate-Construction                                   | 141,374         
|Real Estate-Other                                          | 193,139         
|Installment Loans to Individuals for Personal Expenditures | 19,555          
|All Other                                                  | 2,295           
|                                                           |                 
|                                                           | 396,454         
|Allowance for Loan Losses                                  | (4,471)         
|Unearned Interest and Fees                                 | (278)           
|                                                           |                 
|                                                           | $391,705        

Loans are generally reported at principal amount less unearned interest and fees. Impaired loans are recorded under Statement of Financial Accounting Standards (SFAS) No. 114, Accounting by Creditors for Impairment of a Loan and SFAS No. 118, Accounting by Creditors for Impairment of a Loan-Income Recognition and Disclosures. Impaired loans are loans for which principal and interest are unlikely to be collected in accordance with the original loan terms and, generally, represent loans delinquent in excess of 90 days which have been placed on nonaccrual status and for which collateral values are less than outstanding principal and interest. Small balance, homogeneous loans are excluded from impaired loans. Generally, interest payments received on impaired loans are applied to principal. Upon receipt of all loan principal, additional interest payments are recognized as interest income on the cash basis.

Other nonaccrual loans are loans for which payments of principal and interest are considered doubtful of collection under original terms but collateral values equal or exceed outstanding principal and interest.

6

PART I, ITEM 1 (CONTINUED)

Financial Information



(3) Earnings Per Share

Statement of Financial Accounting Standards No. 128 establishes standards for computing and presenting basic and diluted earnings per share. Basic earnings per share is calculated and presented based on income available to common stockholders divided by the weighted average number of shares outstanding during the reporting periods. Diluted earnings per share reflects the potential dilution that would occur if warrants and options were exercised and converted into common stock. The following presents earnings per share for the three months ended March 31, 2002 under the requirements of SFAS 128:

|                               |  | Three Months Ended
March 31, 2002
|------------------------------ |  | ---------------------------------
|                               |  |                                  
|Basic Earnings Per Share       |  |                                  
|Net Income Per Common Share    |  | $0.39                            
|Weighted Average Common Shares |  | 3,375,989                        
|                               |  |                                  
|Diluted Earnings Per Share     |  |                                  
|Net Income Per Common Share    |  | $0.39                            
|Weighted Average Common Shares |  | 3,391,869                        

The assumed exercise of stock options is included in the diluted earnings per share computation using the treasury stock method and assuming an average market price for SNB Bancshares, Inc. stock of $14.0843 for the three-month period. SNB's stock is quoted on the NASDAQ market under the symbol SNBJ.



(4) Allowance for Loan Losses

The allowance method is used in providing for losses on loans. Accordingly, all loan losses decrease the allowance and all recoveries increase it. The provision for loan losses is based on factors which, in management's judgment, deserve current recognition in estimating possible loan losses. Such factors considered by management include growth and composition of the loan portfolio, economic conditions and the relationship of the allowance for loan losses to outstanding loans.

An allowance for loan losses is maintained for all impaired loans. Provisions are made for impaired loans upon changes in expected future cash flows or estimated net realizable value of collateral. When determination is made that impaired loans are wholly or partially uncollectible, the uncollectible portion is charged off.













7

PART I, ITEM 1 (CONTINUED)

Financial Information

(4) Allowance for Loan Losses (Continued)

The following table presents the Company



|                                          | ($ in Thousands)
|----------------------------------------- | ----------------
|                                          |                 
|                                          | 2002            
|                                          |                 
|Allowance for Loan Losses, January 1      | $4,099          
|                                          |                 
|Charge-Offs                               |                 
|Commercial, Financial and Agricultural    | 55              
|Real Estate - Mortgage                    | 69              
|Consumer                                  | 96              
|                                          |                 
|                                          | 220             
|                                          |                 
|Recoveries                                |                 
|Commercial, Financial and Agricultural    | 24              
|Real Estate - Mortgage                    | -               
|Consumer                                  | 29              
|                                          |                 
|                                          | 53              
|                                          |                 
|Net Charge-Offs                           | (167)           
|                                          |                 
|Provision for Loan Losses                 | 540             
|                                          |                 
|Allowance for Loan Losses, March 31       | $4,472          
|                                          |                 
|Ratio of Net Charge-Offs to Average Loans | (0.04)%         



(5) Investment Securities

The Bank records investment securities under Statement of Financial Accounting Standards (SFAS) No. 115, Accounting for Certain Investments in Debt and Equity Securities. In accordance with the provisions of SFAS 115, the Bank elected to classify securities individually as either available for sale or held to maturity. Securities classified as held to maturity are recorded at amortized cost. Those classified as available for sale are adjusted to market value through a tax-effected increase or reduction in stockholders' equity.











8

PART I, ITEM 1 (CONTINUED)

Financial Information

(5) Investment Securities (Continued)

Investment securities as of March 31, 2002 are summarized as follows:



|Securities Available for Sale | Amortized
Cost   |  | Gross
Unrealized
Gains |  | Gross
Unrealized
Losses |  | Fair
Value
|----------------------------- | ---------------- |  | ---------------------- |  | ----------------------- |  | ----------
|                              | ($ in Thousands)
|                              |                  |  |                        |  |                         |  |           
|U.S. Treasuries               | $ 2,292          |  | $ 62                   |  | $ (8)                   |  | $ 2,346   
|U.S. Government Agencies      |                  |  |                        |  |                         |  |           
|Mortgage Backed               | 22,397           |  | 239                    |  | (49)                    |  | 22,587    
|Other                         | 6,302            |  | 238                    |  | (1)                     |  | 6,539     
|State, County and Municipal   | 6,384            |  | 158                    |  | (23)                    |  | 6,519     
|                              |                  |  |                        |  |                         |  |           
|                              | $37,375          |  | $697                   |  | $(81)                   |  | $37,991   
|Securities Held to Maturity   |                  |  |                        |  |                         |  |           
|                              |                  |  |                        |  |                         |  |           
|State, County and Municipal   | $ 1,779          |  | $ 74                   |  | $ -                     |  | $ 1,853   

Unrealized holding gains, net of tax, on securities available for sale in the amount of $405,000 have been charged to stockholders' equity as of March 31, 2002.



(6) Other Borrowed Money

Other borrowed money is comprised of the following as of March 31, 2002:



|                                                                                                                                                                                                                                                                                                                                                                                       |  | ($ in Thousands)
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------
|Advances from the Federal Home Loan Bank (FHLB) with Maturities in Varying Amounts Through March 23, 2011 and Interest Rates Ranging from 1.99 Percent to 4.55 Percent. Under the Blanket Agreement for Advances and Security Agreement with the FHLB, Residential First Mortgage Loans and Certain Investment Securities Are Pledged as Collateral for the FHLB Advances Outstanding. |  | $39,000         
|                                                                                                                                                                                                                                                                                                                                                                                       |  |                 
|$14,000,000 Line-of-Credit with The Bankers Bank, Maturing on January 1, 2013. Interest Payable Quarterly at Prime Minus 50 Basis Points. Secured by All Stock Owned by SNB Bancshares, Inc. in Security Bank of Bibb County and Security Bank of Houston County.                                                                                                                      |  | 7,000           
|                                                                                                                                                                                                                                                                                                                                                                                       |  |                 
|Securities Sold Under Agreement to Repurchase                                                                                                                                                                                                                                                                                                                                          |  | 8,744           
|                                                                                                                                                                                                                                                                                                                                                                                       |  |                 
|Total Other Borrowed Money                                                                                                                                                                                                                                                                                                                                                             |  | $54,744         









9

PART I, ITEM 1 (CONTINUED)

Financial Information

(6) Other Borrowed Money (Continued)

Maturities of line-of-credit and all FHLB advances for each of the ensuing years are as follows:



|Year       |  | Amount 
|---------- |  | -------
|           |  |        
|2002       |  | $ 2,000
|2003       |  | 20,000 
|2004       |  | 7,700  
|2005       |  | 700    
|Thereafter |  | 15,600 
|           |  |        
|Total      |  | $46,000

(7) Deposits

Components of deposits as of March 31, 2002 are as follows:



|                        |  | $ in Thousands
|----------------------- |  | --------------
|                        |  |               
|Demand                  |  | $ 64,099      
|Interest-Bearing Demand |  | 34,002        
|Savings                 |  | 50,484        
|Time, $100,000 and Over |  | 91,700        
|Other Time              |  | 144,482       
|                        |  |               
|                        |  | $384,767      

Brokered deposits are third-party time deposits placed by or through the assistance of a deposit broker. As of March 31, 2002, SNB had $45,717,000 in brokered deposits compared to $34,947,000 at December 31, 2001.

(8) Stockholders' Equity

During 1996, the board of directors of SNB Bancshares, Inc. adopted the 1996 incentive stock option plan which authorizes 81,250 shares to be granted to certain officers and key employees. In May 1996, the board of directors granted key officers the right to purchase 81,250 shares of common stock at the date of the option grant. The options were granted at the price of $9.00 per share. Option holders may exercise in accordance with a vesting schedule beginning with 20 percent the first year and increasing 20 percent for each year thereafter such that 100 percent of granted options may be exercised by the end of the fifth year. Unexercised options expire at the end of the tenth year.

In 1999, the board of directors of SNB Bancshares, Inc. adopted another incentive stock option plan which authorizes 125,000 shares to be granted to certain officers and key employees. Those officers and key employees are granted the right to purchase shares of common stock at a price representing the market value of the stock at the date of the option grant. In May 1999, 73,500 options were granted at the price of $18.50 per share and an additional 10,000 options were granted at $17.94 per share in September 1999.

An additional 25,500 options were granted at $13.00 per share in August 2000 under this same plan. The terms of the 1999 incentive stock option are essentially the same as of 1996 incentive stock option plan.

10

PART I, ITEM 1 (CONTINUED)

Financial Information

(8) Stockholders

A summary of option transactions for the three months ended March 31, 2002 follows:

|                                         |  | Incentive Stock Options
|---------------------------------------- |  | -----------------------
|                                         |  |                        
|Granted                                  |  | 190,250                
|Canceled                                 |  | 22,750                 
|Exercised                                |  | -                      
|                                         |  |                        
|Outstanding, March 31, 2002              |  | 167,500                
|                                         |  |                        
|Eligible to be Exercised, March 31, 2002 |  | 99,400                 

The Company is required to maintain minimum amounts of capital to total risk weighted assets, as defined by the banking regulations. As of March 31, 2002, the Company is required to have minimum Tier 1 and Total Capital Ratios of 4 percent and 8 percent, respectively, and a leverage ratio (Tier 1 Capital to average assets) of at least 4 percent. The Company's actual ratios as of March 31, 2002 are as follows:



|                     | Actual |  | Minimum
|-------------------- | ------ |  | -------
|                     |        |  |        
|Tier 1 Capital Ratio | 7.44%  |  | 4.00%  
|Total Capital Ratio  | 8.50%  |  | 8.00%  
|Leverage Ratio       | 6.50%  |  | 4.00%  

(9) Noncash Financing Activities

Noncash investing activities for the three months ended March 31 are as follows:



|                                                    | 2002     |  | 2001
|--------------------------------------------------- | -------- |  | ----
|                                                    |          |  |     
|Acquisition of Real Estate through Loan Foreclosure | $320,000 |  | $ - 

(10) Other Comprehensive Income

For the three months ended March 31, 2002, other comprehensive income is comprised of the following:

|                              |  | Before Tax       |  | Tax Effect |  | Net of Tax
|----------------------------- |  | ---------------- |  | ---------- |  | ----------
|                              |  | ($ in Thousands)
|Unrealized Gain on Securities |  |                  |  |            |  |           
|Loss Arising During Year      |  | $(170)           |  | $ (58)     |  | $(112)    
|Reclassification Adjustment   |  | (134)            |  | (45)       |  | (89)      
|                              |  |                  |  |            |  |           
|Net Unrealized Gain           |  | $(304)           |  | $(103)     |  | $(201)    

11

PART I, ITEM 1 (CONTINUED)

Financial Information

(11) Acquisition of Assets

On July 31, 2000, Security Bank of Bibb County purchased the assets of Group Financial Southeast (dba Fairfield Financial) in a business combination accounted for as a purchase. The assets were placed in a newly formed subsidiary of Security Bank of Bibb County incorporated as Fairfield Financial Services, Inc. Fairfield Financial is primarily engaged in residential real estate mortgage lending in the state of Georgia. The results of operations of Fairfield Financial are included in the accompanying financial statements since the date of acquisition. The initial purchase price approximated $1.4 million, which consists of approximately $1.0 millionin cash and 32,345 shares of SNB Bancshares stock valued at $388,140 at closing. The initial cost of the acquisition exceeded the fair value of the assets of Fairfield Financial by $988,000. The excess is recorded as goodwill and is being amortized on the straight-line method over 10 years.

The Asset Purchase Agreement provides for additional contingent payments of purchase price for years ended 2001-2005 based on the earnings of Fairfield Financial Services, Inc. The additional payments, if any, areto be payable in cash and stock. Cash payments for 2001 will equate to 60 percent of Fairfield Financial Services, Inc.



PART I, ITEM 2

Financial Information



SNB BANCSHARES, INC. AND SUBSIDIARIES

MANAGEMENT

CONDITION AND RESULTS OF OPERATIONS

The following narrative presents management





















12

PART I, ITEM 2 (CONTINUED)

Financial Information (Continued)

Overview

SNB is a Georgia corporation formed to act as a bank holding company for Security Bank of Bibb County (formerly Security National Bank )("SB-Bibb") under the federal Bank Holding Company Act of 1956, as amended, and the bank holding company laws of Georgia. SNB was incorporated on February 10, 1994 at the instruction of management of SB-Bibb. At a special meeting of the stockholders of SB-Bibb on August 2, 1994, the stockholders of SB-Bibb voted in favor of a plan reorganization and agreement of merger pursuant to which SB-Bibb became a wholly-owned subsidiary of SNB. The reorganization was effective on September 30, 1994, as a result of which the shares of common stock of SB-Bibb then issued and outstanding were converted into shares of the common stock of SNB. SB-Bibb has operated as a wholly-owned subsidiary of SNB since that time, although the functions and business of SB-Bibb, its board of directors, staff and physical office locations underwent no changes as a result of the reorganization.

SB-Bibb is a state-chartered bank that engages in the commercial banking business primarily in Bibb County, Georgia. SB-Bibb commenced operations on November 4, 1988. The bank operates six full service banking offices and one limited service office in Macon, Georgia. On March 1, 1999, the bank converted its banking charter from a national to a state charter, and changed its name from Security National Bank to Security Bank of Bibb County.

On August 8, 1998, SNB acquired a 100 percent interest in Crossroads Bancshares, Inc., the parent holding company of Crossroads Bank of Georgia in Perry and Warner Robins, Georgia. The two companies merged in a pooling of interests stock swap transaction and, accordingly, all prior financial information shown below has been restated as if this business combination had always existed. The parent company of Crossroads Bank was subsequently dissolved. On June 3, 1999, Crossroads Bank changed its name to Security Bank of Houston County ("SB-Houston") and now operates as a wholly-owned subsidiary of SNB, with four full service banking offices in Perry and Warner Robins.

On July 31, 2000, SB-Bibb purchased the assets of Group Financial Southeast (dba Fairfield Financial) in a business combination accounted for as a purchase. The assets were placed in a newly formed subsidiary of SB-Bibb incorporated as Fairfield Financial Services, Inc. ("Fairfield"). The purchase transaction involved a combination of SNB stock and cash consideration. Fairfield is a well-established real estate mortgage lending company with a number of production locations throughout Georgia and the Southeast, including offices in Macon, Columbus, Warner Robins, Richmond Hill, Stockbridge, Fayetteville and St. Simons Island. The Company functions as a subsidiary of SB-Bibb.

Substantially all of the business of SNB is conducted through its two subsidiary banks. Both banks offer a full range of lending services including the specialized Fairfield mortgage subsidiary, deposit products, Internet banking, automated teller machines, safe deposit boxes, credit cards, night depositories, and other services for the convenience of its customers, who mainly reside in Bibb and Houston Counties. As of March 31, 2001, SNB had 231 employees on a full-time equivalent basis.

SNB





13

PART I, ITEM 2 (CONTINUED)

Financial Information (Continued)

Overview (Continued)

SNB recorded an annualized return on average assets 1.08 percent for the three-month period ended March 31, 2002 compared to 0.90 percent for the same period in 2001. Return on average equity of 15.03 percent was recorded for the three-month period ended March 31, 2002, compared to 11.46 percent for the same period in 2001.

At March 31, 2002, SNB had total assets of $481 million compared to $505 million at December 31, 2001. At March 31, 2001, SNB had total assets of $432 million compared to $410 million at December 31, 2000. Total interest-earning assets decreased $27 million or 5.76 percent to $440 million at March 31, 2002 from $467 million at December 31, 2002. The decrease is due to a reduction in loans held for sale of $29 million.

Financial Condition

Cash and Cash Equivalents

Cash and due from banks decreased approximately $2.7 million or 14.67 percent to $15.6 million at March 31, 2002 from $18.3 million at December 31, 2001. Federal funds sold increased by $8.1 million to $8.2 million at March 31, 2002 from $0.1 million at December 31, 2001. The sources of these increases are most evident in the analysis of SNB's cash flows from investing activities, which reports cash inflows of $29.7 million.

Investment Securities

Investment securities have decreased $7.7 million or 16.29 percent since December 31, 2001 when investment securities totaled $47.5 million. As of March 31, 2002, investment securities were $39.8 million. While continuing to strategically manage the Company

Loans Receivable, Net

Loans receivable, excluding loans held for sale, were $384.6 million at March 31, 2002, an increase of $6.3 million or 1.67 percent from $378.3 million at December 31, 2001. As a result of the purchase of Group Financial Southeast (Fairfield Financial), a residential real estate mortgage company based in Macon, Georgia, SNB continues to experience growth in the loan portfolio. Loans held for sale decreased $29.6 million from $41.2 million at December 31, 2001 to $11.6 million at March 31, 2002 resulting in an overall decrease in loans.

Nonperforming Assets

The Company









14

PART I, ITEM 2 (CONTINUED)

Financial Information

Financial Condition (Continued)

Nonperforming Assets (Continued)

The following table presents the Company



|                                                           |  | ($ in
Thousands)
|---------------------------------------------------------- |  | ----------------
|                                                           |  |                 
|Impaired and Other Nonaccrual Loans                        |  | $3,101          
|Loans Past Due 90 Days or More and Still Accruing Interest |  | 567             
|Restructured Loans not Included in the Above               |  | 31              
|                                                           |  |                 
|Total Nonperforming Loans                                  |  | 3,699           
|                                                           |  |                 
|Other Real Estate Owned                                    |  | 2,932           
|                                                           |  |                 
|Total Nonperforming Assets                                 |  | $6,631          

Deposits

Deposits increased $9.7 million or 2.59 percent from $375.1 million at December 31, 2001 to $384.8 million at March 31, 2002. Interest-bearing deposits increased $16.8 million or 5.53 percent over the same time period. The increase in interest-bearing deposits is primarily attributed to the $10.8 million increase in brokered deposits during the quarter.

Other Borrowed Money

Other borrowed money amounted to $54.7 million as of March 31, 2002, a decrease of 39.36 percent since December 31, 2001 when other borrowed money totaled $90.2 million. Borrowings from the Federal Home Loan Bank (FHLB) totaled $39 million or 71.30 percent of total other borrowed money as of March 31, 2002. The decrease in borrowings from the FHLB is a direct result of the decrease in loans held for sale.

Equity

At March 31, 2002, total equity was $35.9 million or 7.46 percent of total assets compared to $34.8 million or 6.89 percent of total assets as of December 31, 2001. Total equity increased primarily due to the retention of net income during the period, net of dividends paid. However, the decrease in assets as well as the growth in equity during this period, resulted in an increase in equity ratios.











15

PART I, ITEM 2 (CONTINUED)

Financial Information

Results of Operations

Net Income

SNB's net income increased 48 percent to $1,329,000 for the three months ended March 31, 2002, compared to $898,000 recorded in the comparable prior period. The increase in net income is primarily a result of the SNB repricing liabilities at substantial savings while holding loan pricing relatively stable.

Net Interest Income

The net interest margin of SNB which is net interest income divided by average-earning assets was 4.26 percent for the first three months of 2002 compared to 4.04 for the first three months of 2001. The increase in the net interest margin resulted primarily from the decrease in interest paid on deposits and borrowings.

Total interest income decreased to $0.4 million for the three-month period ended March 31, 2002 from $8.4 million during the comparable prior year period. The slight decrease is due to the repricing of some loans at lower rates offset by an increase in average loans.

Total interest expense decreased 31.33 percent for the three months ended March 31, 2002 compared to the prior period ended March 31, 2001. Again, this decrease was due to the favorable rate environment which allowed SNB to reprice interest-bearing liabilities at lower rates compared to the same period in the prior year.

















































16

PART I, ITEM 2 (CONTINUED)

Financial Information

Results of Operations (Continued)

The following table presents the effective yields and costs of funds for the three-month period ended March 31:

Average Balance Sheets

|                                   |  | Average Balance
Three Months Ended
March 31 |  | Rate/Yield
Three Months Ended
March 31
|---------------------------------- |  | ------------------------------------------- |  | --------------------------------------
|                                   |  | 2002                                        |  | 2001                                  
|                                   |  | ($ in Thousands)                            |  |                                       
|Interest-Earning Assets            |  |                                             |  |                                       
|Loans                              |  | $405,806                                    |  | $327,471                              
|Securities                         |  | 42,045                                      |  | 45,016                                
|Federal Funds Sold                 |  | 8,816                                       |  | 6,179                                 
|Interest-Bearing Due From Banks    |  | 2,060                                       |  | 1,668                                 
|                                   |  |                                             |  |                                       
|Total Interest-Earning Assets      |  | $458,727                                    |  | $380,334                              
|                                   |  |                                             |  |                                       
|Interest-Bearing Liabilities       |  |                                             |  |                                       
|Deposits                           |  | $316,189                                    |  | $268,114                              
|Borrowings                         |  | 74,931                                      |  | 51,298                                
|                                   |  |                                             |  |                                       
|Total Interest-Bearing Liabilities |  | $391,120                                    |  | $319,412                              
|                                   |  |                                             |  |                                       
|Interest Rate Spread               |  |                                             |  |                                       
|                                   |  |                                             |  |                                       
|Net Interest Margin                |  |                                             |  |                                       

The following table provides a detailed analysis of the changes in interest income and interest expense due to changes in rate and volume for the three months ended March 31, 2002 compared to the three months ended March 31, 2001.

























17

PART I, ITEM 2 (CONTINUED)

Financial Information

Results of Operations (Continued)

|Rate/Volume Analysis            |  | Changes From 2001 to 2002 (1)
|------------------------------- |  | -----------------------------
|                                |  | Volume                       
|                                |  | ($ in Thousands)             
|Interest Income                 |  |                              
|Loans                           |  | $7,236                       
|Securities                      |  | (204)                        
|Federal Funds Sold              |  | 154                          
|Interest-Bearing Due From Banks |  | -                            
|                                |  |                              
|Total Interest Income           |  | 7,186                        
|                                |  |                              
|Interest Expense                |  |                              
|Deposits                        |  | 2,721                        
|Borrowings                      |  | 1,307                        
|                                |  |                              
|Total Interest Expense          |  | 4,028                        
|                                |  |                              
|Net Interest Income             |  | $3,158                       



(1)	Changes in net interest income for the periods, based on either changes in average balances or changes in average rates for interest-earning assets and interest-bearing liabilities, are shown on this table. During each year there are numerous and simultaneous balance and rate changes; therefore, it is not possible to precisely allocate the changes between balances and rates. For the purpose of this table, changes that are not exclusively due to balance changes or rate changes have been attributed to rates.

Provision for Loan Losses

The Company establishes a provision for loan losses, which is charged to operations, in order to maintain the allowance for loan losses at a level which is deemed to be appropriate by management. The amount of this provision is based upon an assessment of prior loss experience, the volume and type of lending presently being conducted by the Company, industry standards, past due loans, economic conditions of the Company

Although management utilizes its best judgment in providing for inherent losses, there can be no assurance that the Company will not have to increase its provisions for loan losses in the future as a result of future increases in nonperforming loans or for other reasons which could adversely affect the Company

18

PART I, ITEM 2 (CONTINUED)

Financial Information

Results of Operations (Continued)

Noninterest Income and Expense

Noninterest income for the three months ended March 31, 2002 totaled $3.1 million compared to $2.6 million for the comparable prior period. Mortgage origination fees for the three months ended March 31, 2002 totaled $2.1 million compared to $1.7 for the comparable prior period. This increase was a direct result of the impressive performance of Fairfield Financial.

Noninterest expenses increased $893,000 or 19.83 percent for the first quarter of 2002 over the same period in 2002. Fairfield salaries and employee benefits accounted for $313,000 of the increase in noninterest expense. The increase correlates with the increase in mortgage origination fees as the salaries are commission driven. Other noninterest expense increased over the same period in 2001 due to an increase in the valuation allowance on Other Real Estate of $92,000.

Income Taxes

Income tax expense totaled $698,000 for the three-month period ended March 31, 2002, compared to $518,000 for the comparable prior period. These amounts resulted in the effective tax rates of 34 percent for 2002 and 2001.

Liquidity and Capital Adequacy

Stockholders

The Federal Reserve Board measures capital adequacy for bank holding companies by using a risk-based capital frame-work and by monitoring compliance with minimum leverage ratio guidelines. The minimum ratio of total risk-based capital to risk-adjusted assets is 8 percent at March 31, 2002, of which 4 percent must be Tier 1 capital. The Company

In addition, the Federal Reserve Board has established minimum leverage ratio guidelines for bank holding companies. Those guidelines provide for a minimum leverage ratio of 3 percent for financial institutions that meet certain criteria, including that they maintain the highest regulatory rating. All other financial institutions are required to maintain a leverage ratio of 4 percent. The Company

















19

PART I, ITEM 2 (CONTINUED)

Financial Information

Results of Operations (Continued)

Liquidity and Capital Adequacy (Continued)

The Federal Deposit Insurance Corporation Improvement Act (FDICIA) establishes minimum capital requirements for all depository institutions and established five capital tiers: "well capitalized", "adequately capitalized,

At March 31, 2002, both of SNB's subsidiary banks were in compliance with established guidelines.

Forward Looking Statements

Within these financial statements we have included certain forward looking statements concerning the future operations of the Company. It is management

ITEM 3

Quantitative and Qualitative Disclosures About Market Risk

SNB's financial performance is impacted by, among other factors, interest rate risk and credit risk. SNB does not use derivatives to mitigate credit risk, relying instead on a loan review process and the provision for loan losses. See Provision for Loan Losses herein.

The management of interest rate risk is the primary goal of SNB's asset/liability management function. SNB attempts to achieve consistent growth in net interest income while limiting volatility from changes in interest rates. Management seeks to accomplish this goal by balancing the maturity and repricing characteristics of various assets and liabilities. SNB's asset/liability mix is sufficiently balanced so that the effect on net interest income of interest rate moves in either direction is not expected to be significant over time.





20

PART I, ITEM 3 (CONTINUED)

Quantitative and Qualitative Disclosures About Market Risk (Continued)

One tool used by SNB to measure its interest rate sensitivity is a cumulative gap analysis model that seeks to measure the repricing differentials, or gap, between rate-sensitive assets and liabilities over various time horizons. The following table reflects the gap positions of SNB's consolidated balance sheet as of March 31, 2002 at various pricing intervals.



|                                                                                    |  | Assets and Liabilities Repricing Within
|----------------------------------------------------------------------------------- |  | ---------------------------------------
|                                                                                    |  | 3 Months                               
|($ in thousands)                                                                    |  | or Less                                
|                                                                                    |  |                                        
|Earning Assets                                                                      |  |                                        
|Interest-Bearing Due from Banks                                                     |  | $ 1,106                                
|Federal Funds Sold                                                                  |  | 8,150                                  
|Investment Securities                                                               |  | 743                                    
|Loans, Net of Unearned Income                                                       |  | 88,603                                 
|Total Interest-Earning Assets                                                       |  | 98,602                                 
|                                                                                    |  |                                        
|Interest-Bearing Liabilities                                                        |  |                                        
|Interest-Bearing Demand Deposits (1)                                                |  | 34,002                                 
|Savings (1)                                                                         |  | 50,484                                 
|Time Deposits                                                                       |  | 50,323                                 
|Other Borrowed Money                                                                |  | 8,744                                  
|                                                                                    |  |                                        
|Total Interest-Bearing Liabilities                                                  |  | 143,553                                
|                                                                                    |  |                                        
|Interest-Sensitivity Gap                                                            |  | (44,951)                               
|                                                                                    |  |                                        
|Cumulative Interest-Sensitivity Gap                                                 |  | $ (44,951)                             
|                                                                                    |  |                                        
|Interest Rate Sensitivity Gap as a
Percentage of Interest-Earnings Assets           |  | (10.10)%                               
|                                                                                    |  |                                        
|Cumulative Interest Rate Sensitivity
Gap as a Percentage of Interest-Earning
Assets |  | (10.10)%                               



(1) Interest-bearing Demand and Savings Accounts for repricing purposes are considered to reprice within 3 months or less.

















21

PART II

Other Information

SNB BANCSHARES, INC. AND SUBSIDIARIES

ITEM 1

Legal Proceedings

Not Applicable.

ITEM 2

Changes in Securities (Limitations Upon Payment of Dividends)

The information required for limitations upon payment of dividends is incorporated herein by reference to the Company's annual report of 10-K Exhibit 99(a) footnote 23, filed with the Securities and Exchange Commission for the year ended December 31, 2001 (File No. 000-23261).

ITEM 3

Defaults Upon Senior Securities

Not Applicable.

ITEM 4

Submission of Matters to a Vote of Security Holders

There were no matters submitted to a vote of securities holders during the quarter ended March 31, 2001.

ITEM 5

Other Information

Not Applicable.





























22

PART II

Other Information

ITEM 6

Exhibits and Reports on Form 8-K



|    |  |                                                                                                                                                                                                      |  | Page      
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------
|    |  |                                                                                                                                                                                                      |  |           
|(a) |  | Exhibits Included Herein and Incorporated by Reference:                                                                                                                                              |  |           
|    |  |                                                                                                                                                                                                      |  |           
|    |  | 3(a) -Articles of Incorporation-Filed as Exhibit 3.2 to the Registrant's Registration Statement on
Form S-4 (File No. 333-49977) Filed with the Commission on
April 13, 1999 and Incorporated Herein |  | N/A       
|    |  |                                                                                                                                                                                                      |  |           
|    |  | 3(b)	-Bylaws-Filed as Exhibit 3.2 to the Registrant's Registration Statement on Form S-4 (File No. 333-49977), Filed with the Commission on
April 13, 1999 and Incorporated Herein                   |  | N/A       
|    |  |                                                                                                                                                                                                      |  |           
|    |  | 11	-Statement Re Computation of Per Share Earnings                                                                                                                                                   |  | Attachment
|    |  |                                                                                                                                                                                                      |  |           
|    |  |                                                                                                                                                                                                      |  |           
|(b) |  | Reports on Form 8-K                                                                                                                                                                                  |  |           
|    |  |                                                                                                                                                                                                      |  |           
|    |  | No reports on Form 8-K have been filed by the registrant during the quarter ended March 31, 2002.                                                                                                   











































23

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, SNB Bancshares, Inc. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized:



SNB BANCSHARES, INC.





|/s/H. AVERETT WALKER_______________________
H. Averett Walker
President/Chief Executive Officer           
|----------------------------------------------------------------------------------------------------------
|                                                                                                          
|Date:__05/13/02______________________                                                                     
|                                                                                                          
|                                                                                                          
|                                                                                                          
|                                                                                                          
|MICHAEL T. O'DILLON ___________Michael T. O'Dillon
Senior Vice-President/Treasurer/Chief Financial Officer
|                                                                                                          
|Date:__05/13/02______________________                                                                     
|                                                                                                          













































24



EXHIBIT NO. 11



STATEMENT OF COMPUTATION OF EARNINGS PER SHARE



|                                          |  | Three Months Ended
March 31, 2002 |  | Three Months Ended
March 31, 2001
|----------------------------------------- |  | --------------------------------- |  | ---------------------------------
|                                          |  | Shares                            |  | Earnings
Per Share               
|                                          |  | (in Thousands)                    |  | (in Thousands)                   
|                                          |  |                                   |  |                                  
|Basic Weighted Average
Shares Outstanding |  | 3,376                             |  | $0.39                            
|                                          |  |                                   |  |                                  
|Diluted                                   |  |                                   |  |                                  
|Average Shares Outstanding                |  | 3,376                             |  |                                  
|Common Stock Equivalents                  |  | 16                                |  |                                  
|                                          |  |                                   |  |                                  
|                                          |  | 3,392                             |  | $0.39                            
|                                          |  |                                   |  |                                  
|                                          |  |                                   |  |