<PAGE>

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                  FORM 10-QSB


[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

For the Quarterly Period Ended September 30, 1999
                               -------------------------------------------------

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT

For the Transition Period from _________________________to______________________

Commission File Number 33-80076
                       ---------------------------------------------------------

                             SNB BANCSHARES, INC.
--------------------------------------------------------------------------------

                (Name of Small Business Issuer in its Charter)

              GEORGIA                                  58-2107916
---------------------------------------     ------------------------------------
      State or Other Jurisdiction of                  (I.R.S. Employer
      Incorporation or Organization                  Identification No.)

<TABLE>
<S>                                           <C>                         <C>
2918 RIVERSIDE DRIVE,                         MACON,  GEORGIA               31204
--------------------------------------------------------------------------------------
(Address of Principal Executive Offices)                                  (Zip Code)
</TABLE>

Issuer's Telephone Number (912) 722-6200
                          ------------------------------------------------------
                                 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.  X   Yes  ___ 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:

  3,340,624 Shares of $1.00 par value common stock as of September 30, 1999
------------------------------------------------------------------------------


Transitional Small Business Disclosure Format (Check One): ___ Yes ___ No
<PAGE>

                     SNB BANCSHARES, INC. AND SUBSIDIARIES


                                     INDEX

<TABLE>
<CAPTION>
                                                                                       Page
                                                                                      Number
                                                                                   -------------
<S>                                                                                <C>
PART I    Financial Information

          Condensed Consolidated Balance Sheet                                            1

          Condensed Consolidated Statements of Income and Comprehensive Income            2

          Condensed Consolidated Statements of Cash Flows                                 4

          Notes to Condensed Consolidated Financial Statements                            5

          Management's Discussion and Analysis of Financial
           Condition and Results of Operations                                           12


PART II   Other Information

          ITEM 1 Legal Proceedings                                                        20

          ITEM 2 Changes in Securities                                                    20

          ITEM 3 Defaults Upon Senior Securities                                          20

          ITEM 4 Submission of Matters to a Vote of Security Holders                      20

          ITEM 5 Other Information                                                        20

          ITEM 6 Exhibits and Reports on Form 8-K                                         21
</TABLE>
<PAGE>

PART I, ITEM 1
Financial Information


                     SNB BANCSHARES, INC. AND SUBSIDIARIES
                     CONDENSED CONSOLIDATED BALANCE SHEET
                              SEPTEMBER 30, 1999
                                  (UNAUDITED)
                   ($ IN THOUSANDS, EXCEPT PER SHARE AMOUNT)

                                    ASSETS

Cash and Due from Banks                                     $      11,097
                                                            -------------

Federal Funds Sold                                                  9,060
                                                            -------------

Investments Securities                                             37,754
                                                            -------------

Loans                                                             195,041
                                                            -------------

Premises and Equipment                                              8,049
                                                            -------------

Other Assets                                                        3,866
                                                            -------------

Total Assets                                                $     264,867
                                                            =============


                     LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                    $     226,628
                                                            -------------

Borrowed Money                                                      8,600
                                                            -------------

Other Liabilities                                                   2,648
                                                            -------------

                                                                  237,876
                                                            -------------
Stockholders' Equity
  Common Stock, Par Value $1 Per Share; Authorized
    10,000 Shares; Issued and Outstanding 3,341 Shares              3,341
  Paid-In Capital                                                  12,612
  Retained Earnings                                                11,338
  Accumulated Other Comprehensive Income, Net of Tax                 (300)
                                                            -------------

                                                                   26,991
                                                            -------------

Total Liabilities and Stockholders' Equity                  $     264,867
                                                            =============


The accompanying notes are an integral part of this condensed consolidated
balance sheet.

                                      -1-
<PAGE>

PART I, ITEM 1 (CONTINUED)
Financial Information


                     SNB BANCSHARES, INC. AND SUBSIDIARIES
                  CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                           AND COMPREHENSIVE INCOME
                    FOR THE THREE MONTHS ENDED SEPTEMBER 30
                                  (UNAUDITED)
             ($ IN THOUSANDS, EXCEPT PER SHARE AND SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                                  1999                1998
                                                            ---------------     --------------
<S>                                                         <C>                 <C>
Interest Income                                             $      5,165         $      4,493

Interest Expense                                                   2,172                2,057
                                                            ------------        -------------

Net Interest Income                                                2,993                2,436

Provision for Loan Losses                                            190                  198
                                                            ------------        -------------

Net Interest Income After Provision for Loan Losses                2,803                2,238

Noninterest Income                                                   746                  886

Noninterest Expense                                                2,474                2,181
                                                            ------------        -------------

Income Before Income Taxes                                         1,075                  943

Income Taxes                                                         286                  344
                                                            ------------        -------------

Net Income                                                           789                  599

Other Comprehensive Income, Net of Income Tax
  Unrealized Holding Gains (Losses)                                  (61)                 164
                                                            ------------        -------------

Comprehensive Income                                        $        728        $         763
                                                            ============        =============

Basic Earnings Per Share                                    $       0.24        $        0.19
                                                            ============        =============

Diluted Earnings Per Share                                  $       0.23        $        0.18
                                                            ============        =============

Weighted Average Common and Common Equivalent
  Shares Outstanding                                           3,373,145            3,155,500
                                                            ============        =============
</TABLE>

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

                                      -2-
<PAGE>

PART I, ITEM 1 (CONTINUED)
Financial Information

                     SNB BANCSHARES, INC. AND SUBSIDIARIES
                  CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                           AND COMPREHENSIVE INCOME
                    FOR THE NINE MONTHS ENDED SEPTEMBER 30
                                  (UNAUDITED)
             ($ IN THOUSANDS, EXCEPT PER SHARE AND SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                                                           1999                     1998
                                                                                     -----------------      ------------------
<S>                                                                                  <C>                    <C>
Interest Income                                                                      $          15,010       $         13,746

Interest Expense                                                                                 6,205                  5,856
                                                                                     -----------------      -----------------

Net Interest Income                                                                              8,805                  7,890

Provision for Loan Losses                                                                          528                    466
                                                                                     -----------------      -----------------

Net Interest Income After Provision for Loan Losses                                              8,277                  7,424

Noninterest Income                                                                               2,274                  1,861

Noninterest Expense                                                                              7,065                  6,234
                                                                                     -----------------      -----------------

Income Before Income Taxes                                                                       3,486                  3,051

Income Taxes                                                                                     1,098                  1,046
                                                                                     -----------------      -----------------

Net Income                                                                                       2,388                  2,005

Other Comprehensive Income, Net of Income Tax
  Unrealized Holding Gains (Losses)                                                               (498)                   195
                                                                                     -----------------      -----------------

Comprehensive Income                                                                 $           1,890      $           2,200
                                                                                     =================      =================

Basic Earnings Per Share                                                             $            0.71      $            0.64
                                                                                     =================      =================

Diluted Earnings Per Share                                                           $            0.71      $            0.60
                                                                                     =================      =================

Weighted Average Common and Common Equivalent
  Shares Outstanding                                                                         3,373,145              3,134,704
                                                                                     =================      =================
</TABLE>


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

                                      -3-
<PAGE>

PART I, ITEM 1 (CONTINUED)
Financial Information


                     SNB BANCSHARES, INC. AND SUBSIDIARIES
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                    FOR THE NINE MONTHS ENDED SEPTEMBER 30
                                  (UNAUDITED)
                               ($ IN THOUSANDS)

<TABLE>
<CAPTION>
                                                                                          1999                1998
                                                                                   -----------------    ----------------
<S>                                                                                <C>                  <C>
Cash Provided by Operations                                                        $          3,150     $          3,157
                                                                                   ----------------     ----------------

Cash Flows from Investing Activities
  Net Sale (Purchase) of Investment Securities
    Available for Sale                                                                         (383)               4,160
  Net Sale of Investment Securities
    Held to Maturity                                                                          1,138                1,092
  Loans to Customers                                                                        (18,476)             (26,912)
  Purchase of Premises and Equipment                                                           (789)              (1,334)
  Other Real Estate and Repossessions                                                           424                  632
                                                                                   ----------------     ----------------

                                                                                            (18,086)             (22,362)
                                                                                   ----------------     ----------------

Cash Flows from Financing Activities
  Interest-Bearing Customer Deposits                                                         18,154               16,358
  Noninterest-Bearing Customer Deposits                                                      (9,099)              (9,918)
  Demand Note to the U.S. Treasury                                                              838                 (238)
  Issuance of Common Stock                                                                        -                  798
  Dividends Paid                                                                               (635)                (504)
  Federal Funds Purchased                                                                     1,461                6,263
  Repayments on Notes to Federal Home Loan Bank                                                (107)               1,670
                                                                                   ----------------     ----------------

                                                                                             10,612               14,429
                                                                                   ----------------     ----------------

Net Decrease in Cash and Cash Equivalents                                                    (4,324)              (4,776)

Cash and Cash Equivalents, Beginning                                                         24,481               21,293
                                                                                   ----------------     ----------------

Cash and Cash Equivalents, Ending                                                  $         20,157     $         16,517
                                                                                   ================     ================
</TABLE>

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

                                      -4-
<PAGE>

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, located in
Macon, Georgia and Security Bank of Houston County (formerly Crossroads Bank of
Georgia), located in Perry, Georgia (the Banks). All intercompany accounts have
been eliminated in consolidation.

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.

In June 1997, FASB issued Statement No. 130, Reporting Comprehensive Income. The
new statement is effective for periods beginning after December 15, 1997 and
requires that all changes in equity during a period from transactions and events
from nonowner sources be reported as other comprehensive income in the financial
statements and related notes. SNB Bancshares adopted SFAS 130 on January 1,
1998.

For the three months ended September 30, 1999, other comprehensive income is
comprised of the following:

<TABLE>
<CAPTION>
                                                    Before Tax         Tax Effect          Net of Tax
                                                  ---------------     -------------       -------------
                                                                    ($ in Thousands)
<S>                                               <C>               <C>                   <C>
Unrealized Loss on Securities
  Loss Arising During Year                                $(182)            $(120)               $(62)
  Reclassification Adjustment                                 2                 1                   1
                                                  ---------------     -------------       -------------

Net Unrealized Loss                                       $(180)            $(119)               $(61)
                                                  ===============     =============       =============
</TABLE>

                                      -5-
<PAGE>

PART I, ITEM 1 (CONTINUED)
Financial Information

(2)  Loans

Loans as of September 30, 1999 are comprised of the following:

<TABLE>
<CAPTION>
                                                                                      ($ in
                                                                                    Thousands)
                                                                                  --------------
<S>                                                                               <C>
Commercial                                                                           $ 38,174
Real Estate-Construction                                                               15,791
Real Estate-Other                                                                     122,300
Installment Loans to Individuals for Personal Expenditures                             17,228
Other                                                                                   4,032
                                                                                  --------------

                                                                                      197,525
Allowance for Loan Losses                                                              (2,356)
Unearned Interest and Fees                                                               (128)
                                                                                  --------------

                                                                                     $195,041
                                                                                  ==============
</TABLE>

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.


(3)  Earnings Per Share

Earnings per share are recorded under SFAS 128 as basic and fully diluted. Basic
earnings per share exclude the dilutive effects of options, warrants and other
common stock equivalents. Diluted earnings per share include the dilutive effect
of common stock equivalents. The following presents earnings per share for the
three and nine months ended September 30, 1999 under the requirements of SFAS
128:

                                      -6-
<PAGE>

PART I, ITEM 1 (CONTINUED)
Financial Information


(3)  Earnings Per Share (Continued)

<TABLE>
<CAPTION>
                                                         Three Months         Nine Months
                                                            Ended                Ended
                                                        September 30,        September 30,
                                                             1999                 1999
                                                        --------------       --------------
<S>                                                     <C>                          <C>
Basic Earnings Per Share
  Net Income Per Common Share                            $       0.24         $      0.71
  Weighted Average Common Shares                            3,340,624           3,340,624

Diluted Earnings Per Share
  Net Income Per Common Share                            $       0.23         $      0.71
  Weighted Average Common Shares                            3,373,145           3,373,145
</TABLE>

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 $18.3650 and $18.6609 for the three and
nine month periods, respectively. 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.

The following table presents the Company's loan loss experience on all loans for
the three months ended September 30:

                                      -7-
<PAGE>

PART I, ITEM 1 (CONTINUED)
Financial Information

(4)  Allowance for Loan Losses (Continued)

<TABLE>
<CAPTION>
                                                                              ($ in Thousands)
                                                                       ----------------------------
                                                                           1999            1998
                                                                       ------------     -----------
<S>                                                                    <C>              <C>
Allowance for Loan Losses, July 1                                            $2,258     $     2,007
                                                                       ------------     -----------


Charge-Offs
  Commercial, Financial and Agricultural                                         55               6
  Real Estate - Mortgage                                                          -               -
  Consumer                                                                       42             224
                                                                       ------------     -----------

                                                                                 97             230
                                                                       ------------     -----------

Recoveries
  Commercial, Financial and Agricultural                                          -               -
  Real Estate - Mortgage                                                          -               -
  Consumer                                                                        5               9
                                                                       ------------     -----------

                                                                                  5               9
                                                                       ------------     -----------

Net Charge-Offs                                                                (92)            (221)
                                                                       -----------      -----------

Provision for Loan Losses                                                      190              198
                                                                       -----------      -----------

Allowance for Loan Losses, September 30                                $     2,356      $     1,984
                                                                       ===========      ===========

Ratio of Net Charge-Offs to Average Loans                                    (0.05)%          (0.14)%
                                                                       ===========      ===========
</TABLE>

                                      -8-
<PAGE>

PART I, ITEM 1 (CONTINUED)
Financial Information

(4)  Allowance for Loan Losses (Continued)

The following table presents the Company's loan loss experience on all loans for
the nine months ended September 30:

<TABLE>
<CAPTION>
                                                                           ($ in Thousands)
                                                                    ------------------------------
                                                                        1999             1998
                                                                    ------------     -------------
<S>                                                                 <C>              <C>
Allowance for Loan Losses, January 1                                      $2,070            $1,861
                                                                    ------------     -------------

Charge-Offs
  Commercial, Financial and Agricultural                                      68                22
  Real Estate - Mortgage                                                       -                 -
  Consumer                                                                   249               375
                                                                    ------------     -------------

                                                                             317               397
                                                                    ------------     -------------

Recoveries
  Commercial, Financial and Agricultural                                      38                 8
  Real Estate - Mortgage                                                       -                 -
  Consumer                                                                    37                46
                                                                    ------------     -------------

                                                                              75                54
                                                                    ------------     -------------

Net Charge-Offs                                                             (242)             (343)
                                                                    ------------      ------------

Provision for Loan Losses                                                    528               466
                                                                    ------------      ------------

Allowance for Loan Losses, September 30                                   $2,356            $1,984
                                                                    ============     =============

Ratio of Net Charge-Offs to Average Loans                                  (0.13)%           (0.06)%
                                                                    ============      ============
</TABLE>


(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.

                                      -9-
<PAGE>

PART I, ITEM 1 (CONTINUED)
Financial Information


(5)  Investment Securities

Investment securities as of September 30, 1999 are summarized as follows:

<TABLE>
<CAPTION>
                                                                       Gross                Gross
                                               Amortized             Unrealized           Unrealized               Fair
Securities Available for Sale                     Cost                 Gains                Losses                Value
                                            -----------------     -----------------    -----------------     -----------------
                                                                            ($ in Thousands)
<S>                                         <C>                   <C>                  <C>                   <C>
U.S. Treasuries                                  $       994               $     8                                  $   1,002
U.S. Government Agencies
  Mortgage Backed                                      9,873                     5           $    (160)                 9,718
  Other                                               17,692                                      (262)                17,430
State, County and Municipal                            5,090                    41                 (77)                 5,054
Other                                                  1,542                                        (9)                 1,533
                                            ----------------      ----------------     ---------------       ----------------

                                                 $    35,191               $    54           $    (508)             $  34,737
                                            ================      ================     ===============       ================

Securities Held to Maturity

State, County and Municipal                      $     3,017               $    45           $      (3)             $   3,059
                                            ================      ================      ==============       ================
</TABLE>


Unrealized holding losses, net of tax, on securities available for sale
approximating $300,000 have been recorded in stockholders' equity as of
September 30, 1999.


(6)  Premises and Equipment

Premises and equipment are comprised of the following as of September 30, 1999:

                                                ($ in
                                              Thousands)
                                            --------------

Land                                             $ 2,116
Building                                           4,041
Furniture, Fixtures and Equipment                  4,298
Leasehold Improvements                               195
Construction in Progress                             218
                                               ---------

                                                  10,868
                                                  (2,819)
                                               ---------

                                                 $ 8,049
                                               =========


Depreciation charged to operations totaled $109,002 for the three months ended
September 30, 1999 and $526,049 for the nine months ended September 30, 1999.

                                      -10-
<PAGE>

PART I, ITEM 1 (CONTINUED)
Financial Information

(7)  Stockholders' Equity

During 1996, the board of directors of SNB Bancshares, Inc. adopted the 1996
incentive stock option plan which granted key officers the right to purchase
shares of common stock at the price of $9.00, as adjusted for stock splits,
representing the market value of the stock at the date of the option grant.
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. A summary
of option transactions through September 30, 1999 follows:


                                                                 Incentive
                                                                   Stock
                                                                  Options
                                                             ---------------

Granted                                                               62,500
Canceled                                                                   -
Exercised                                                                  -
                                                             ---------------

Outstanding, September 30, 1999                                       62,500
                                                             ===============

Eligible to be Exercised, September 30, 1999                          25,000
                                                             ===============

The Company is required to maintain minimum amounts of capital to total "risk
weighted" assets, as defined by the banking regulations. As of September 30,
1999, 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
September 30, 1999 are as follows:

                                        Actual             Minimum
                                   --------------      ----------------

Tier 1 Capital Ratio                   12.99%                4.00%
Total Capital Ratio                    14.13%                8.00%
Leverage Ratio                         10.84%                4.00%



(8)  Noncash Financing Activities

Noncash investing activities for the nine months ended September 30 are as
follows:

<TABLE>
<CAPTION>
                                                                      1999               1998
                                                                 -------------      -------------
<S>                                                              <C>                <C>
Acquisition of Real Estate through Loan Foreclosure              $           -      $     349,384
                                                                 =============      =============
</TABLE>

                                      -11-
<PAGE>

PART I, ITEM 2
Financial Information


                     SNB BANCSHARES, INC. AND SUBSIDIARIES
               MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                      CONDITION AND RESULTS OF OPERATIONS

The following narrative presents management's discussion and analysis of SNB
Bancshares, Inc.'s (SNB's) financial condition and results of operations as of
and for the three-month and nine-month periods ended September 30, 1999 and
1998. The historical financial statements of SNB are set forth elsewhere herein.
This discussion should be read in conjunction with those financial statements
and the other financial information included in this report. SNB owns and
operates Security Bank of Bibb County and Security Bank of Houston County
(formerly Crossroads Bank of Georgia). SNB and its wholly-owned subsidiaries are
collectively known as "the Company."

Overview

The Company's net income for the three-month and nine-month periods ended
September 30, 1999 was $789,000 and $2,388,000 or $0.23 and $0.71 diluted
earnings per share, compared to $599,000 and $2,005,000 or $0.18 and $0.60 in
the same three-month and nine-month periods in the preceding year. The increase
in net income for the three-month and nine-month periods ended September 30,
1999 primarily relates to the continued growth of the Company largely recognized
in its loan portfolio.

The Company recorded an annualized return on average assets of 1.26 percent for
the nine-month period ended September 30, 1999 compared to 1.22 percent for the
same period in 1998. Return on average equity of 12.11 percent was recorded for
the nine-month period ended September 30, 1999, compared to 11.13 percent for
the same period in 1998.

At September 30, 1999, the Company had total assets of $265 million compared to
$252 million at December 31, 1998. Management attributes the majority of this
increase to the continued loan and deposit growth. In relation, total interest
earning assets increased 6.6 percent over this time frame amounting to $242
million or 91.31 percent of total assets as of September 30, 1999, compared to
$227 million or 89.81 percent of total assets as of December 31, 1998. The
Company has introduced a retail banking Internet service which has been well
received by customers, whereby the customers can pay bills, open accounts, apply
for loans and communicate with the bank via e-mail. As it is a new service
however, little growth can currently be attributed to this product.

Financial Condition

Cash and Cash Equivalents

Cash and due from banks decreased approximately $2.7 million to $11 million at
September 30, 1999 from $13.8 million at December 31, 1998 and federal funds
sold decreased by $1.6 million or 14.94 percent to $9.1 million at September 30,
1999 from $10.7 million at December 31, 1998. These are normal fluctuations seen
in the conduct of customer business and the increased loan demand upon the
Company.

                                      -12-
<PAGE>

PART I, ITEM 2  (CONTINUED)
Financial Information

Financial Condition (Continued)

Investment Securities

Investment securities have also decreased modestly since December 31, 1998 when
investment securities totaled $39.3 million. As of September 30, 1999,
investment securities totaled $37.8 million, a decrease of $1.5 million or 3.9
percent since December 31, 1998. The net decrease was primarily due to an
increase in mortgage-backed and U. S. Agency securities offset by the sales and
maturity of U. S. Treasury and municipal securities. This fluctuation is also
considered a normal result of everyday business operations as the liquidity and
loan needs of the customers are addressed. The Company's investment in
securities is largely centered in U.S. Government Agency securities and
primarily classified as available for sale.

Loans Receivable, Net

Aggregate loans receivable totaled $195 million at September 30, 1999, an
increase of $18 million or 10.1 percent from $177.1 million at December 31,
1998. The majority of new loans being funded are commercial and residential
mortgage loans. The mix of loans is substantially unchanged at those dates.

Nonperforming Assets

The Company's level of nonperforming assets remains relatively unchanged at
approximately $1.7 million or 0.6 percent of total assets at September 30, 1999
compared to $1.5 million or 0.6 percent at December 31, 1998. Nonperforming
loans increased $619,000 or 77.7 percent from $797,000 at December 31, 1998 to
approximately $1.4 million at September 30, 1999. This increase results from a
308.4 percent increase of loans past due 90 days or more and still accruing
interest.

The amount of other real estate owned that was held by the Company on September
30, 1999 totaled $235,000, a decrease of $486,000 or 67.4 percent since December
31, 1998. Approximately $296,000 of this decrease is due to the sale of one
foreclosed property by Security Bank of Houston County. The Bank recognized a
loss on the sale of this property in the amount of $67,000. The remainder of the
decrease is attributed to various sales of properties held by Security Bank of
Bibb County as of December 31, 1998. There were no foreclosures of real estate
during the third quarter of 1999.

                                      -13-
<PAGE>

PART I, ITEM 2  (CONTINUED)
Financial Information

Financial Condition (Continued)

Nonperforming Assets (Continued)

The following table presents the Company's nonperforming assets as of September
30, 1999:

<TABLE>
<CAPTION>
                                                                                            ($ in
                                                                                          Thousands)
                                                                                       ---------------
<S>                                                                                    <C>
     Impaired and Other Nonaccrual Loans                                                $       587
     Loans Past Due 90 Days or More and Still Accruing Interest                                 829
     Restructured Loans not Included in the Above                                                 -
                                                                                       ------------

     Total Nonperforming Loans                                                                1,416

     Other Real Estate Owned                                                                    235
                                                                                       ------------

     Total Nonperforming Assets                                                         $     1,651
                                                                                       ============
</TABLE>

Deposits

Deposits increased $9.1 million or 4.16 percent from $217.6 million at December
31, 1998 to $226.6 million at September 30, 1999. The nominal increase in
deposits is attributed to the Company's continued growth in the middle Georgia
area. Interest-bearing deposits actually increased $18.2 million or 10.9 percent
over the same time period.

Equity

At September 30, 1999, total equity was $27 million or 10.19 percent of total
assets compared to $25.7 million or 10.18 percent of total assets as of December
31, 1998. Total equity increased primarily due to the retention of net income
during the intervening period, net of dividends paid.


Results of Operations

Net Income

The Company's net income increased 31.9 percent to $789,000 for the three months
ended September 30, 1999, compared to $599,000 recorded in the comparable prior
period. Net income increased 19.1 percent to $2,388,000 for the nine months
ended September 30, 1999, compared to $2,005,000 for the comparable period. This
increase in net income is primarily due to the continued loan growth resulting
in increases of 22.7 percent and 12.7 percent in interest and fees on loans for
the three- and nine-month periods, respectively, along with an increase in
mortgage origination fees resulting from the establishment of the Company's
Houston and Chatham County mortgage lending offices.

                                      -14-
<PAGE>

PART I, ITEM 2  (CONTINUED)
Financial Information

Results of Operations (Continued)

Net Interest Income

The Company's net interest margin increased from 5.13 percent for the nine
months ended September 30, 1998 to 5.27 percent for the same period in 1999. Net
interest income before the provision for loan losses amounted to $3.0 million
and $8.8 million for the three and nine month periods, respectively, ending
September 30, 1999 versus $2.4 million and $7.9 million for the comparable
periods ending September 30, 1998.

Total interest income increased to $5.2 million and $15.0 million for the three-
and nine-month periods ended September 30, 1999 from $4.5 million and $13.7
million during the comparable prior periods. The increase was primarily the
result of an increase in the average interest-earning assets of $27.5 million
for the nine months ended September 30, 1999 compared to the nine months ended
September 30, 1998. Additionally, the yield earned on average interest-earning
assets decreased 13 basis points during the nine months ended September 30, 1999
compared to the 1998 period.

Total interest expense increased minimally by $115,000 and $350,000 to $2.2
million and $6.2 million for the three and nine months ended September 30, 1999
from $2.1 million and $5.9 million for the comparable prior periods. The
increase was due to an increase in interest expense associated with deposits,
where the average balance increased by $28.0 million during the nine months
ended September 30, 1999 compared to the 1998 period.

The following table presents the effective yields and costs of funds for the
nine month periods ended September 30, 1999 and 1998:

Average Balance Sheets

<TABLE>
<CAPTION>
                                                                 Average Balance                         Rate/Yield
                                                                Nine Months Ended                    Nine Months Ended
                                                                  September 30                          September 30
                                                        ----------------------------------     -------------------------------
                                                             1999                1998              1999              1998
                                                        --------------     ---------------     ------------    ---------------
                                                                ($ in Thousands)
<S>                                                     <C>                <C>                 <C>             <C>
Interest-Earning Assets
  Loans                                                      $186,153            $154,476             9.52%              9.98%
  Securities                                                   36,037              36,692             6.36               5.68
  Federal Funds Sold                                            4,398               7,956             4.55               6.57
                                                        -------------      --------------      -----------     --------------

Total Interest-Earning Assets                                $226,588            $199,124             8.92%              9.05%
                                                        =============      ==============      ===========     ==============

Interest-Bearing Liabilities
  Deposits                                                   $218,036            $189,995             3.60%              3.95%
  Borrowings                                                    8,241               4,805             5.02               6.12
                                                        -------------      --------------      -----------     --------------

Total Interest-Bearing Liabilities                           $226,277            $194,800             3.66%              4.01%
                                                        =============      ==============      ===========     ==============

Interest Rate Spread                                                                                  5.26%              5.04%
                                                                                               ===========     ==============

Net Interest Margin                                                                                  5.27%              5.13%
                                                                                               ===========     ==============
</TABLE>

                                      -15-
<PAGE>

PART I, ITEM 2 (CONTINUED)
Financial Information

Results of Operations (Continued)

Interest Income and Interest Expense  (Continued)

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 nine
months ended September 30, 1999 compared to the nine months ended September 30,
1998.

Rate/Volume Analysis

<TABLE>
<CAPTION>
                                                                                     Changes From 1998 to 1999 (1)
                                                                           ---------------------------------------------------
                                                                                                                      Net
                                                                               Volume             Rate               Change
                                                                           ---------------     ------------     --------------
                                                                                            ($ in Thousands)
<S>                                                                        <C>                 <C>              <C>
Interest Income
  Loans                                                                            $4,136         $(1,814)            $ 2,322
  Securities                                                                          (55)            265                 210
  Federal Funds Sold                                                                 (337)            (41)               (378)
                                                                           --------------      ----------       -------------

Total Interest Income                                                               3,744          (1,590)              2,154
                                                                           --------------      ----------       -------------

Interest Expense
  Deposits                                                                          1,109            (663)                446
  Borrowings                                                                          286             (54)                232
                                                                           --------------      ----------       -------------

Total Interest Expense                                                              1,395            (717)                678
                                                                           --------------      ----------       -------------

Net Interest Income                                                                $2,349          $ (873)            $ 1,476
                                                                           ==============      ==========       =============
</TABLE>


(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.

                                      -16-
<PAGE>

PART I, ITEM 2 (CONTINUED)
Financial Information

Results of Operations  (Continued)

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's market area and other factors related to
the collectability of the Company's loan portfolio. For the three-month and
nine-month periods ended September 30, 1999, the provision for loan losses
amounted to $190,000 and $528,000. The provision for loan losses was $198,000
and $466,000 for the three- and nine-month periods ended September 30, 1998.

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's results of operations. In addition, various regulatory agencies, as an
integral part of their examination process, periodically review the allowance
for loan losses. Such agencies may require the Company to recognize additions to
the allowance for loan losses based on their judgments of information which is
available to them at the time of their examination.

Noninterest Income and Expense

Noninterest income for the three and nine months ended September 30, 1999 was
$746,000 and $2.3 million, respectively, compared to $886,000 and $1.9 million
for the comparable prior periods. The increase for the nine-month period was
largely the result of an increase in mortgage origination fees generated by the
Company's mortgage lending offices operated in Warner Robins and Savannah,
Georgia. Service charges on deposit accounts remained relatively unchanged for
the three- and nine-month periods amounting to $406,000 and $1.1 million for
1999 and $381,000 and $1.1 million for 1998.

Total noninterest expense was $2.5 million and $7.1 million for the three and
nine months ended September 30, 1999 compared to $2.2 million and $6.2 million
for the comparable periods in 1998. This increase can be attributed to the
continued growth of the Company through personnel and capital assets. Salaries
and employee benefits increased 14.5 percent and 15.6 percent to $1.4 million
and $3.9 million for the three and nine months ended September 30, 1999 compared
to $1.2 million and $3.4 million for the comparable period in 1998.

Income Taxes

Income tax expense totaled $286,000 and $1.1 million for the three- and
nine-month periods ended September 30, 1999 compared to $345,000 and $1.0
million for the comparable prior periods. These amounts resulted in the
effective tax rates of 32 percent for the nine months ended September 30, 1999
and 34 percent for the nine months ended September 30, 1998.

                                      -17-
<PAGE>

PART I, ITEM 2  (CONTINUED)
Financial Information

Results of Operations (Continued)

Liquidity and Capital Adequacy

Stockholders' equity increased $1.3 million to $27.0 million at September 30,
1999 due primarily to retention of earnings, net of dividends paid. It is
management's intention to continue paying a reasonable return on stockholders'
investment while retaining adequate earnings to allow for continued growth.

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 September 30, 1999, of which 4 percent
must be Tier 1 capital. The Company's total risk-based capital ratio was 14.13
percent at September 30, 1999. The Company's Tier 1 risk-based capital ratio was
12.99 percent at September 30, 1999.

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's leverage ratio was 10.84 percent at September 30, 1999.

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,"
"under-capitalized," "significantly under-capitalized" and "critically
under-capitalized." FDICIA imposes significant restrictions on the operations of
a bank that is not at least adequately capitalized. A depository institution's
capital tier will depend upon where its capital levels are in relation to
various other capital measures that include a risk-based capital measure, a
leverage ratio capital measure and other factors. Under regulations adopted, for
an institution to be well capitalized, it must have a total risk-based capital
ratio of at least 10 percent, a Tier 1 risk-based capital ratio of at least 6
percent and a Tier 1 leverage ratio of at least 5 percent. The institution may
also not be subject to any specific capital order or directive.

At September 30, 1999, both of the Company's subsidiary banks were in compliance
with established guidelines.

Market Risk and Interest Rate Risk

Market risk is the risk of loss from adverse changes in market prices and rates.
The Company's market risk arises primarily from interest rate risk inherent in
its lending, investment and deposit taking activities. To that end, management
actively monitors and manages its interest rate risk exposure.

                                      -18-
<PAGE>

PART I, ITEM 2  (CONTINUED)
Financial Information

Results of Operations (Continued)

Year 2000 Issues

The Company relies heavily upon computers for the daily conduct of its business
and will commit all resources necessary to achieve a satisfactory and timely
solution to computer based problems related to the Year 2000 and beyond.

The Year 2000 Issue is the result of computer programs being written using two
digits rather than four to define the applicable year. Any of the Company's
programs that have time-sensitive software may recognize a date using "00" as
the year 1900 rather than the year 2000.

In accordance with sound management policy and directives from regulatory
agencies, the Company began the Year 2000 review of hardware and software in
1997. The review included not only computer and information systems but heating
and cooling systems, alarms, vaults, elevators and other office equipment, and
was completed in 1998. Items that were found not Year 2000 compliant were slated
for upgrade or replacement.

The Company presently believes that, with modification to existing software and
conversion to new software, the Year 2000 problem will not be a significant
operational problem for the Company's computer system or the third parties'
computer systems with whom the Company relies upon.

Forward Looking Statements

Within these financial statements we have included certain "forward looking
statements" concerning the future operations of the Company. It is management's
desire to take advantage of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. This statement is for the express
purpose of availing the Company of the protections of such safe harbor with
respect to all "forward looking statements" contained in our financial
statements. We have used "forward looking statements" to describe the future
plans and strategies including our expectations of the Company's future
financial results. Management's ability to predict results or the effect of
future plans and strategy is inherently uncertain. Factors that could affect
results include interest rate trends, competition, the general economic climate
in the middle Georgia area, the southeastern United States region and the
country as a whole, loan delinquency rates, Year 2000 uncertainties, and changes
in federal and state regulation. These factors should be considered in
evaluating the "forward looking statements," and undue reliance should not be
placed on such statements.

                                      -19-
<PAGE>

PART II
Other Information

                      SNB BANCSHARES, INC. AND SUBSIDIARY

ITEM 1

Legal Proceedings

None

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-KSB,
Exhibit 99(a) footnote 24, filed with the Securities and Exchange Commission for
the year ended December 31, 1998 (File No. 000-23261).

ITEM 3

Defaults Upon Senior Securities

None

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 September 30, 1999.

ITEM 5

Other Information

None

                                      -20-
<PAGE>

PART II
Other Information (Continued)

ITEM 6

Exhibits and Reports on Form 8-K

<TABLE>
<CAPTION>
                                                                                          Page
                                                                                  ---------------------
<S>                                                                               <C>
(a)    Exhibits Included Herein and Incorporated by Reference:

       3(a)    -    Articles of Incorporation                                              N/A
               -    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

       3(b)    -    Bylaws                                                                 N/A
               -    Filed as Exhibit 3(b) to the Registrant's 10-QSB (File No.
                    000-23261). Filed with the Commission on August 13, 1999 and
                    Incorporated Herein

       11      -    Statement Re Computation of Per Share Earnings                      Attachment

       27      -    Financial Data Schedule                                             Attachment
</TABLE>

(b)          Reports on Form 8-K

             No reports on Form 8-K have been filed by the registrant during the
quarter ended September 30, 1999.

                                      -21-
<PAGE>

                                  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: 11/8/99
     ------------------------------


/s/ Michael T. O'Dillon
-----------------------------------
Michael T. O'Dillon
Senior Vice-President/Treasurer/Chief Financial Officer

Date: 11/8/1999
     ------------------------------

                                      -22-