EXHIBIT 13.1



                       WEST METRO FINANCIAL SERVICES, INC.


                        CONSOLIDATED FINANCIAL STATEMENTS

                           DECEMBER 31, 2003 AND 2002

                 (WITH INDEPENDENT ACCOUNTANTS' REPORT THEREON)



<PAGE>
               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


To  the  Board  of  Directors
West  Metro  Financial  Services,  Inc.
Dallas,  Georgia

We  have  audited  the  accompanying  consolidated  balance sheets of West Metro
Financial  Services,  Inc.  and subsidiary as of December 31, 2003 and 2002, and
the  related  statements  of  operations,  changes  in  shareholders'  equity,
comprehensive income and cash flows for the year ended December 31, 2003.  These
financial  statements  are  the  responsibility of the Company's management. Our
responsibility  is  to express an opinion on these financial statements based on
our  audits.

We conducted our audits in accordance with auditing standards generally accepted
in  the  United  States  of  America.  Those  standards require that we plan and
perform  the  audit  to  obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test  basis,  evidence  supporting  the amounts and disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made  by  management,  as well as evaluating the overall
financial  statement  presentation.  We  believe  that  our  audits  provide  a
reasonable  basis  for  our  opinion.

In  our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of West Metro Financial
Services,  Inc.  and subsidiary as of December 31, 2003 and 2002 and the results
of their operations and their cash flows for the year ended December 31, 2003 in
conformity with accounting principles generally accepted in the United States of
America.



                                        /s/PORTER  KEADLE  MOORE,  LLP



Atlanta,  Georgia
January  23,  2004


<PAGE>
<TABLE>
<CAPTION>

                              WEST METRO FINANCIAL SERVICES, INC.

                                  CONSOLIDATED BALANCE SHEETS

                         FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002


                                                                          2003         2002
                                                                      ------------  -----------
<S>                                                                   <C>           <C>
                                           Assets
                                           ------

Cash and due from banks                                               $   812,968      587,257
Federal funds sold                                                              -    1,710,000
                                                                      ------------  -----------

   Cash and cash equivalents                                              812,968    2,297,257

Investment securities available-for-sale                                2,016,021    1,795,320
Other investments                                                         379,250      325,850
Loans, net                                                             65,720,988   39,212,970
Premises and equipment, net                                             2,196,259    2,050,123
Accrued interest receivable and other assets                              654,072      305,745
                                                                      ------------  -----------

                                                                      $71,779,558   45,987,265
                                                                      ============  ===========

                            Liabilities and Shareholders' Equity
                            ------------------------------------

Liabilities:
  Deposits:
    Noninterest-bearing demand                                        $ 5,238,674    1,949,670
    Interest-bearing demand                                            13,481,023   11,664,692
    Savings                                                            13,590,427      996,258
    Time                                                               26,864,455   20,109,133
                                                                      ------------  -----------

      Total deposits                                                   59,174,579   34,719,753

    Federal funds purchased                                             1,003,000            -
    Accrued interest payable and other liabilities                        121,673      144,430
                                                                      ------------  -----------

      Total liabilities                                                60,299,252   34,864,183
                                                                      ------------  -----------

Shareholders' equity:
    Preferred stock, no par value; 2,000,000 shares authorized;
      no shares issued and outstanding                                          -            -
    Common stock, $1.00 par value; 10,000,000 shares authorized;
      1,200,000 shares issued and outstanding                           1,200,000    1,200,000
    Additional paid-in capital                                         10,686,036   10,686,036
    Accumulated deficit                                                  (406,619)    (777,093)
    Accumulated other comprehensive income                                    889       14,139
                                                                      ------------  -----------

      Total shareholders' equity                                       11,480,306   11,123,082
                                                                      ------------  -----------

                                                                      $71,779,558   45,987,265
                                                                      ============  ===========
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.


                                      - 2 -
<PAGE>
<TABLE>
<CAPTION>
                        WEST METRO FINANCIAL SERVICES, INC.

                       CONSOLIDATED STATEMENTS OF OPERATIONS

                  FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002

                                                            2003           2002
                                                          ----------------  ----------
<S>                                                       <C>               <C>
Interest income:
    Interest and fees on loans                            $     3,522,574   1,411,462
    Interest and dividends on investment securities                71,883     110,114
    Interest on Federal funds sold                                 51,854      51,672
    Interest on interest-bearing  deposits                              -       2,221
                                                          ----------------  ----------

    Total interest income                                       3,646,311   1,575,469
                                                          ----------------  ----------

Interest expense:
    Interest expense on deposits                               1,262,310     424,357
    Other interest expense                                           321       6,867
                                                          ----------------  ----------

    Total interest expense                                      1,262,631     431,224
                                                          ----------------  ----------

    Net interest income                                         2,383,680   1,144,245

Provision for loan losses                                         402,626     500,000
                                                          ----------------  ----------

    Net interest income after provision for loan losses         1,981,054     644,245
                                                          ----------------  ----------

Other income:
    Service charges and fees on deposit accounts                   64,688      26,704
    Discount brokerage fees                                         4,191      54,508
    Residential mortgage origination fees                         398,181     197,106
    Other operating income                                         59,679      33,909
                                                          ----------------  ----------

        Total other income                                        526,739     312,227
                                                          ----------------  ----------

Other expense:
    Salaries and employee benefits                              1,531,592     996,040
    Net occupancy and equipment                                   261,723     115,524
    Other operating                                               589,231     369,818
                                                          ----------------  ----------

        Total other expense                                     2,382,546   1,481,382
                                                          ----------------  ----------

        Earnings (loss) before income taxes                       125,247    (524,910)

    Income tax benefit                                           (245,227)          -
                                                          ----------------  ----------

        Net earnings (loss)                               $       370,474    (524,910)
                                                          ================  ==========

        Basic and diluted earnings (loss) per share       $           .31        (.44)
                                                          ================  ==========
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.


                                      - 3 -
<PAGE>
<TABLE>
<CAPTION>
                                   WEST METRO FINANCIAL SERVICES, INC.

                        CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

                              FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002


                                                                               Accumulated
                                                  Additional                      Other
                                      Common        Paid-in     Accumulated   Comprehensive
                                       Stock        Capital       Deficit         Income         Total
                                    -----------  -------------  ------------  --------------  -----------
<S>                                 <C>          <C>            <C>           <C>             <C>
Balance, December 31, 2001          $        1              9      (252,183)              -     (252,173)

Redemption of organizing share
  of stock                                  (1)            (9)            -               -          (10)
Sale of common stock, net of
  offering expenses of $113,964      1,200,000     10,686,036             -               -   11,886,036
Net loss                                     -              -      (524,910)              -     (524,910)
Change in unrealized gain
  on securities available-for-sale,
  net of tax                                 -              -             -          14,139       14,139
                                    -----------  -------------  ------------  --------------  -----------

Balance, December 31, 2002           1,200,000     10,686,036      (777,093)         14,139   11,123,082

Net earnings                                 -              -       370,474               -      370,474
Change in unrealized gain
  on securities available-for-sale,
  net of tax                                 -              -             -         (13,250)     (13,250)
                                    -----------  -------------  ------------  --------------  -----------

Balance, December 31, 2003          $1,200,000     10,686,036      (406,619)            889   11,480,306
                                    ===========  =============  ============  ==============  ===========
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.


                                      - 4 -
<PAGE>
<TABLE>
<CAPTION>
                       WEST METRO FINANCIAL SERVICES, INC.

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                 FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002


                                                                   2003       2002
                                                                 ---------  ---------
<S>                                                              <C>        <C>
Net earnings (loss)                                              $370,474   (524,910)
Other comprehensive income (loss), net of tax:
  Unrealized gains (losses) on investment
    securities available-for-sale:
      Unrealized gains (losses) arising during the period         (21,371)    22,805
      Income tax benefit (expense) related to unrealized gains
      (losses) on investment securities available-for-sale          8,121     (8,666)
                                                                 ---------  ---------

Other comprehensive income (loss)                                 (13,250)    14,139
                                                                 ---------  ---------

Comprehensive income (loss)                                      $357,224   (510,771)
                                                                 =========  =========
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.


                                      - 5 -
<PAGE>
<TABLE>
<CAPTION>
                         WEST METRO FINANCIAL SERVICES, INC.

                        CONSOLIDATED STATEMENTS OF CASH FLOWS

                   FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002


                                                                     2003           2002
                                                                --------------  ------------
<S>                                                             <C>             <C>
Cash flows from operating activities:
  Net earnings (loss)                                           $     370,474      (524,910)
    Adjustments to reconcile net earnings (loss) to
      net cash provided (used) by operating activities:
        Provision for loan losses                                     402,626       500,000
        Provision for deferred taxes                                 (294,256)            -
        Depreciation, amortization and accretion                      204,223        84,706
        Change in:
          Accrued interest receivable and other assets                (45,236)     (270,611)
          Accrued interest payable and other liabilities              (23,470)      109,264
                                                                --------------  ------------

            Net cash provided (used) by operating activities          614,421      (101,551)
                                                                --------------  ------------

Cash flows from investing activities:
  Proceeds from maturities and paydowns
    of investment securities available-for-sale                       746,333    12,350,420
  Purchases of investment securities available-for-sale              (999,375)  (14,114,818)
  Proceeds from the sale of other investments                           3,300             -
  Purchases of other investments                                      (56,700)     (325,850)
  Net change in loans                                             (26,910,704)  (39,712,970)
  Purchases of premises and equipment                                (339,389)   (1,882,442)
                                                                --------------  ------------

            Net cash used by investing activities                 (27,556,535)  (43,685,660)
                                                                --------------  ------------

Cash flows from financing activities:
  Net change in deposits                                           24,454,825    34,719,753
  Net change in federal funds purchased                             1,003,000             -
  Change in advances payable to organizers                                  -      (140,000)
  Change in line of credit                                                  -      (482,804)
  Proceeds from sale of common stock                                        -    12,000,000
  Deferred offering costs                                                   -       (16,515)
  Redemption of organizing share of stock                                   -           (10)
                                                                --------------  ------------

            Net cash provided by financing activities              25,457,825    46,080,424
                                                                --------------  ------------

Net change in cash and cash equivalents                            (1,484,289)    2,293,213

Cash and cash equivalents at beginning of the year                  2,297,257         4,044
                                                                --------------  ------------

Cash and cash equivalents at end of the year                    $     812,968     2,297,257
                                                                ==============  ============

Noncash investing and financing activities:
  Change in unrealized gain on securities
    available-for-sale, net of tax                              $     (13,250)       14,139
  Change in restricted assets and subscribers' deposits         $           -    (3,308,150)

Supplemental information:
  Interest paid                                                 $   1,253,690       405,205
  Income taxes paid                                             $     102,100             -
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.


                                      - 6 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(1)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

     Basis  of  Presentation
     -----------------------
     The  consolidated  financial  statements include the accounts of West Metro
     Financial  Services,  Inc. (the "Company") and its wholly owned subsidiary,
     First  National  Bank West Metro (the "Bank"). All significant intercompany
     accounts  and  transactions  have  been  eliminated  in  consolidation.

     The  Company  raised  $11,886,036,  net  of  offering expenses of $113,964,
     through  the  sale  of 1,200,000 shares of its $1 par value common stock at
     $10.00  per  share  and was incorporated for the purpose of becoming a bank
     holding company. The Bank commenced business on March 25, 2002 upon receipt
     of  its  banking  charter  from  the  Office of the Comptroller of Currency
     ("OCC").  The Bank is primarily regulated by the OCC and undergoes periodic
     examinations  by  this  regulatory  agency. The Company is regulated by the
     Federal  Reserve  and  also  is  subject to periodic examinations. The Bank
     provides  a  full  range  of  commercial  and  consumer  banking  services
     throughout  Paulding  and  Douglas  Counties  in  Georgia.

     Operations  through March 25, 2002 related primarily to expenditures by the
     organizers  for  incorporating  and organizing the Company. The Company was
     reported  on  as  a  development  stage  corporation  for  the period ended
     December  31,  2001.

     The  accounting  principles  followed  by the Company and the Bank, and the
     methods  of  applying  these principles, conform with accounting principles
     generally  accepted in the United States of America (GAAP) and with general
     practices in the banking industry. In preparing the financial statements in
     conformity  with  GAAP,  management  is  required  to  make  estimates  and
     assumptions  that  affect the reported amounts in the financial statements.
     Actual  results  could  differ significantly from these estimates. Material
     estimates  common to the banking industry that are particularly susceptible
     to significant change in the near term include, but are not limited to, the
     determination  of  the  allowance  for  loan  losses, the valuation of real
     estate  acquired in connection with or in lieu of foreclosure on loans, and
     valuation  allowances  associated  with  the  realization  of  deferred tax
     assets,  which  are  based  on  future  taxable  income.

     Cash  and  Cash  Equivalents
     ----------------------------
     Cash  equivalents  include  amounts  due from banks and federal funds sold.
     Generally,  federal  funds  are  sold  for  one-day  periods.

     Investment  Securities
     ----------------------
     The  Company classifies its securities in one of three categories: trading,
     available-for-sale,  or held-to-maturity. Trading securities are bought and
     held  principally  for  the  purpose  of  selling  them  in  the near term.
     Held-to-maturity  securities are those securities for which the Company has
     the  ability and intent to hold until maturity. All securities not included
     in  trading  or  held-to-maturity  are classified as available-for-sale. At
     December  31,  2003,  all  securities are classified as available-for-sale.

     Available-for-sale  securities are recorded at fair value. Held-to-maturity
     securities are recorded at cost, adjusted for the amortization or accretion
     of  premiums  or discounts. Unrealized holding gains and losses, net of the
     related  tax  effect,  on  securities  available-for-sale are excluded from
     earnings  and  are reported as a separate component of shareholders' equity
     until  realized. Transfers of securities between categories are recorded at
     fair  value  at  the  date  of  transfer.

     A decline in the market value of any available-for-sale or held-to-maturity
     security  below  cost  that  is  deemed  other than temporary is charged to
     earnings  and  establishes  a  new  cost  basis  for  the  security.

     Premiums  and  discounts  are  amortized  or  accreted over the life of the
     related  securities  as adjustments to the yield. Realized gains and losses
     for  securities  classified  as available-for-sale and held-to-maturity are
     included  in  earnings  and  are  derived using the specific identification
     method  for  determining  the  cost  of  securities  sold.

     Other  Investments
     ------------------
     Other  investments  include  equity securities with no readily determinable
     fair  value.  These  investments  are  carried  at  cost.


                                      - 7 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(1)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES,  CONTINUED

     Loans  and  Allowance  for  Loan  Losses
     ----------------------------------------
     Interest  on  loans  is  calculated  by using the simple interest method on
     daily  balances  of  the  principal  amount  outstanding.

     A  loan  is  considered  impaired  when,  based  on current information and
     events,  it  is  probable that all amounts due according to the contractual
     terms  of  the  loan  agreement  will  not be collected. Impaired loans are
     measured  based  on  the  present  value  of  expected  future  cash  flows
     discounted  at  the  loan's  effective  interest  rate,  or  at  the loan's
     observable market price, or at the fair value of the collateral of the loan
     if the loan is collateral dependent. Accrual of interest is discontinued on
     a  loan  when  management believes, after considering economic and business
     conditions  and collection efforts, that the borrower's financial condition
     is  such  that  collection  of  interest  is  doubtful.

     The  allowance  for loan losses is established through a provision for loan
     losses charged to expense. Loans are charged against the allowance for loan
     losses when management believes that the collectibility of the principal is
     unlikely.  The  allowance  represents  an  amount  which,  in  management's
     judgment, will be adequate to absorb probable losses on existing loans that
     may  become  uncollectible.

     Management's judgment in determining the adequacy of the allowance is based
     on  evaluations of the collectibility of loans. These evaluations take into
     consideration  such factors as changes in the nature and volume of the loan
     portfolio,  current  economic  conditions  that  may  affect the borrower's
     ability  to  pay,  overall portfolio quality and review of specific problem
     loans.

     Management  believes  that the allowance for loan losses is adequate. While
     management  uses available information to recognize losses on loans, future
     additions  to  the  allowance may be necessary based on changes in economic
     conditions.  In  addition, various regulatory agencies, as an integral part
     of  their examination process, periodically review the Bank's allowance for
     loan  losses.  Such agencies may require the Bank to recognize additions to
     the  allowance  based  on  judgments  different  than  those of management.

     Premises  and  Equipment
     ------------------------
     Premises  and  equipment  are stated at cost less accumulated depreciation.
     Depreciation  is provided using the straight-line method over the estimated
     useful  lives of the assets. Costs incurred for maintenance and repairs are
     expensed  currently.

     Depreciation expense is computed over the following estimated useful lives:

          Land improvements                    20 years
          Building and improvements     10 - 27.5 years
          Furniture and equipment           3 - 7 years

     Income  Taxes
     -------------
     Deferred  tax  assets  and  liabilities  are  recognized for the future tax
     consequences  attributable  to  differences between the financial statement
     carrying  amounts  of  existing assets and liabilities and their respective
     tax  bases  and  operating  loss and tax credit carryforwards. Deferred tax
     assets  and  liabilities  are  measured using enacted tax rates expected to
     apply  to  taxable income in the years in which those temporary differences
     are  expected to be recovered or settled. The effect on deferred tax assets
     and  liabilities  of  a  change in tax rates is recognized in income in the
     period  that  includes  the  enactment  date.

     In  the  event  the  future  tax  consequences  of  differences between the
     financial  reporting  bases and the tax bases of the assets and liabilities
     results  in  deferred tax assets, an evaluation of the probability of being
     able  to realize the future benefits indicated by such asset is required. A
     valuation  allowance  is provided for the portion of the deferred tax asset
     when  it  is  more likely than not that some portion or all of the deferred
     tax  asset  will  not  be  realized.  In assessing the realizability of the
     deferred  tax  assets,  management  considers  the  scheduled  reversals of
     deferred tax liabilities, projected future taxable income, and tax planning
     strategies.


                                      - 8 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(1)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES,  CONTINUED

     Net  Earnings  (Loss)  Per  Share
     ---------------------------------
     Earnings  (loss)  per  share  are  based  on the weighted average number of
     common  shares outstanding during the period while the effects of potential
     common  shares  outstanding  during  the  period  are  included  in diluted
     earnings  (loss)  per  share.  The  presentation  of  earnings per share is
     required  on  the  face of the statement of operations with and without the
     dilutive  effects of potential common stock issuances from instruments such
     as  options,  convertible  securities  and  warrants.  Additionally,  the
     reconciliation of the amounts used in the computation of both "earnings per
     share"  and  "diluted  earnings  per  share"  is  required.

     For  2003,  the  outstanding potential common shares (warrants and options)
     would  not  change basic earnings per share. For 2002, the potential effect
     of  outstanding  options  would  be  anti-dilutive,  and  therefore  is not
     presented. Antidilutive potential common stock issuances totaled 321,000 as
     of  December  31,  2002.

     Stock-Based  Compensation
     -------------------------
     At  December 31, 2003, the Company sponsors stock-based compensation plans,
     which  are  described  more fully in Note 8. The Company accounts for these
     plans  under  the recognition and measurement principles of APB Opinion No.
     25,  "Accounting  for  Stock  Issued  to  Employees",  and  related
     Interpretations.  No stock-based employee compensation cost is reflected in
     net  earnings,  as  all  options  granted under those plans had an exercise
     price  equal to the market value of the underlying common stock on the date
     of grant. The following table illustrates the effect on net earnings (loss)
     and  earnings  (loss)  per  share if the Company had applied the fair value
     recognition  provisions  of  Statement  of  Financing  Accounting Standards
     ("SFAS") No. 123, "Accounting for Stock-Based Compensation", to stock-based
     employee  compensation  for  the  year  ended  December  31,  2003.

<TABLE>
<CAPTION>
                                                              2003         2002
                                                          -------------  ---------
<S>                                                       <C>            <C>
     Net earnings (loss) as reported                      $    370,474   (524,910)
     Deduct: Total stock-based employee compensation
       expense determined under fair-value based method
       for all awards                                         (101,203)  (341,330)
                                                          -------------  ---------
     Pro forma net earnings (loss)                        $    269,271   (866,240)
                                                          =============  =========
     Basic and diluted earnings (loss) per share:
       As reported                                        $        .31       (.44)
                                                          =============  =========
       Pro forma                                          $        .22       (.72)
                                                          =============  =========
</TABLE>

(2)  INVESTMENT  SECURITIES
     Investment  securities available-for-sale at December 31, 2003 and 2002 are
     as  follows:

<TABLE>
<CAPTION>

                                              December 31, 2003
                            -----------------------------------------------------
                                                  Gross       Gross     Estimated
                                Amortized       Unrealized  Unrealized    Fair
                                   Cost           Gains       Losses      Value
                            ------------------  ----------  ----------  ---------
<S>                         <C>                 <C>         <C>         <C>
U.S. Government agencies    $          999,386       2,801           -  1,002,188
Mortgage-backed securities           1,015,200         612       1,978  1,013,833
                            ------------------  ----------  ----------  ---------

                            $        2,014,586       3,413       1,978  2,016,021
                            ==================  ==========  ==========  =========

                                              December 31, 2002
                            -----------------------------------------------------
                                                   Gross       Gross    Estimated
                                Amortized       Unrealized  Unrealized    Fair
                                   Cost            Gains      Losses      Value
                            ------------------  ----------  ----------  ---------

Mortgage-backed securities  $        1,772,515      22,805           -  1,795,320
                            ==================  ==========  ==========  =========
</TABLE>


                                      - 9 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(2)  INVESTMENT  SECURITIES,  CONTINUED
     The  amortized  cost  and  estimated  fair  value  of investment securities
     available-for-sale at December 31, 2003, by contractual maturity, are shown
     below.  Expected maturities will differ from contractual maturities because
     borrowers have the right to call or prepay obligations with or without call
     or  prepayment  penalties.  Mortgage-backed  securities  will  differ  from
     contractual  maturities  because  borrowers  may  have the right to call or
     repay  certain  obligations  with  or without call or prepayment penalties.
     Therefore  these  securities  are  not included in the maturity categories.

<TABLE>
<CAPTION>
                                 Amortized   Estimated
                                    Cost     Fair Value
                                 ----------  ----------
<S>                              <C>         <C>
     U.S. Government agencies:
        1 to 5 years             $  999,386   1,002,188
     Mortgage-backed securities   1,015,200   1,013,833
                                 ----------  ----------

                                 $2,014,586   2,016,021
                                 ==========  ==========
</TABLE>

     There  were  no sales of securities available-for-sale during 2003 or 2002.

     Securities  with  a carrying value of approximately $140,000 as of December
     31,  2003  were pledged to secure public deposits and for other purposes as
     required  by  law.

(3)  LOANS
     Major classifications of loans at December 31, 2003 and 2002 are summarized
     as  follows:

<TABLE>
<CAPTION>
                                                 2003         2002
                                              -----------  ----------
<S>                                           <C>          <C>
      Commercial, financial and agricultural  $ 4,358,819   1,649,160
      Real estate - mortgage                   26,046,960   7,909,475
      Real estate - construction               34,249,152  29,440,594
      Consumer                                  1,965,424     713,741
                                              -----------  ----------

                                               66,620,355  39,712,970
      Less:   Allowance for loan losses           899,367     500,000
                                              -----------  ----------

                                              $65,720,988  39,212,970
                                              ===========  ==========
</TABLE>

     The Bank grants loans and extensions of credit to individuals and a variety
     of  businesses  and  corporations  located  in  its  general  trade area of
     Paulding  and  Douglas  Counties  in  Georgia.  Although  the  Bank  has  a
     diversified  loan portfolio, a substantial portion of the loan portfolio is
     collateralized by improved and unimproved real estate and is dependent upon
     the  real  estate  market.

     An  analysis of the activity in the allowance for loan losses for the years
     ended  December  31,  2003  and  2002  is  presented  below:

<TABLE>
<CAPTION>
                                        2003      2002
                                      ---------  -------
<S>                                   <C>        <C>
     Balance at beginning of year     $500,000         -
     Provision charged to operations   402,626   500,000
     Loans charged off                  (4,941)        -
     Recoveries                          1,682         -
                                      ---------  -------

     Balance at end of year           $899,367   500,000
                                      =========  =======
</TABLE>


                                     - 10 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(4)  PREMISES  AND  EQUIPMENT
     Major classifications of premises and equipment as of December 31, 2003 and
     2002  are  summarized  as  follows:

<TABLE>
<CAPTION>
                                        2003       2002
                                     ----------  ---------
<S>                                  <C>         <C>
     Land                            $  897,487    897,487
     Land improvements                  241,445    233,720
     Building and improvements          418,681    195,236
     Furniture and equipment            734,804    444,062
     Construction in process            189,917    372,441
                                     ----------  ---------

                                      2,482,334  2,142,946
     Less: Accumulated depreciation     286,075     92,823
                                     ----------  ---------

                                     $2,196,259  2,050,123
                                     ==========  =========
</TABLE>

     Depreciation  expense  amounted  to  $193,253 and $92,823 in 2003 and 2002,
     respectively.

(5)  DEPOSITS
     Time  deposits in excess of $100,000 totaled $13,703,223 as of December 31,
     2003  and  $11,259,441  as  of  December  31,  2002.

     At  December  31,  2003,  contractual  maturities  of  time  deposits  are
     summarized  as  follows:

          2004       $19,714,145
          2005         5,103,920
          2006           680,423
          2007           705,627
          2008           660,340
                     -----------

                     $26,864,455
                     ===========

     At  December  31, 2003 and 2002 the Company held $6,245,385 and $6,008,000,
     respectively,  in  certificates  of deposit obtained through the efforts of
     third  party  brokers.  The  daily  average  of  such  agreements  totaled
     $3,357,727  and  $2,834,592  in  2003  and 2002, respectively. The weighted
     average  cost  during  2003  was  3.06%, while the weighted average cost at
     December  31,  2003  was  2.13%.  The weighted average cost during 2002 was
     2.83%  while  the weighted average cost at December 31, 2002 was 2.78%. The
     deposits  as  of December 31, 2003 have maturity dates ranging from June 4,
     2004  to  December  27,  2005.

(6)  INCOME  TAXES
     The components of income tax (benefit) expense for the years ended December
     31,  2003  and  2002,  are  as  follows:

<TABLE>
<CAPTION>
                                       2003       2002
                                    ----------  ---------
<S>                                 <C>         <C>
     Current                        $  49,029     10,321
     Deferred                           4,018   (212,765)
     Change in valuation allowance   (298,274)   202,444
                                    ----------  ---------
                                    $(245,227)         -
                                    ==========  =========
</TABLE>


                                     - 11 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED


(6)  INCOME  TAXES,  CONTINUED
     The  difference  between  income  tax  benefit  and  the amount computed by
     applying  the  statutory  federal income tax rate to earnings (loss) before
     taxes  for  the  years  ended  December  31,  2003  and 2002 is as follows:

<TABLE>
<CAPTION>
                                                 2003       2002
                                              ----------  ---------
<S>                                           <C>         <C>
     Pretax income (loss) at statutory rate   $  42,584   (178,469)
     State income tax expense (benefit), net      5,010    (20,996)
     Change in valuation allowance             (298,274)   202,444
     Other                                        5,453     (2,979)
                                              ----------  ---------
                                              $(245,227)         -
                                              ==========  =========
</TABLE>

     The  following  summarizes the components of deferred taxes at December 31,
     2003  and  2002.

<TABLE>
<CAPTION>
                                                            2003      2002
                                                          --------  ---------
<S>                                                       <C>       <C>
      Deferred income tax assets:
        Allowance for loan losses                         $327,660   178,439
        Pre-opening expenses                                94,360   123,394
        Premises and equipment                                   -     6,762
        Other                                                    -     1,835
                                                          --------  ---------

            Total gross deferred income tax assets         422,020   308,595
      Less valuation allowance                                   -  (298,274)
                                                          --------  ---------

            Total deferred income tax assets               422,020    10,321
                                                          --------  ---------

      Deferred income tax liabilities:
        Unrealized gain on securities available-for-sale       545     8,667
        Premises and equipment                             117,443         -
                                                          --------  ---------

            Total deferred income tax liabilities          117,988     8,667
                                                          --------  ---------

            Net deferred income tax assets                $304,032     1,654
                                                          ========  =========
</TABLE>

     The  future  tax  consequences  of  the  differences  between the financial
     reporting and tax basis of the Company's assets and liabilities resulted in
     a  net  deferred  tax  asset.  Prior  to  2003,  a  valuation allowance was
     established  for  the  net  deferred tax asset, as the realization of these
     deferred  tax  assets  was dependent on future taxable income. During 2003,
     the  Company  determined that the realization of the net deferred asset was
     more  likely  than  not; therefore, the valuation allowance was eliminated.

(7)  COMMITMENTS
     The  Company  entered  into employment agreements with its President, Chief
     Executive  Officer,  Chief  Financial  Officer,  and Senior Vice President.
     These  agreements  have  terms from three to five years, provide for a base
     salary, incentive bonuses, stock options and other perquisites commensurate
     with  their  employment.

     At  December  31,  2003, the Bank has engaged a general contractor to build
     its  permanent main office. The total commitment amount of this contract is
     approximately  $2,500,000, of which approximately $190,000 has been paid as
     of  December  31,  2003.



                                     - 12 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(7)  COMMITMENTS,  CONTINUED
     The Bank is a party to financial instruments with off-balance-sheet risk in
     the normal course of business to meet the financing needs of its customers.
     These  financial  instruments  include  commitments  to  extend  credit and
     standby  letters  of credit. These instruments involve, to varying degrees,
     elements  of  credit  risk  in  excess  of  the  amount  recognized  in the
     consolidated  balance  sheet.  The contractual amounts of those instruments
     reflect  the  extent  of  involvement the Bank has in particular classes of
     financial  instruments.

     Commitments  to  extend credit are agreements to lend to a customer as long
     as  there  is  no  violation  of any condition established in the contract.
     Commitments  generally  have  fixed  expiration  dates or other termination
     clauses and may require payment of a fee. Since many of the commitments are
     expected  to  expire without being drawn upon, the total commitment amounts
     do  not  necessarily represent future cash requirements. The Bank evaluates
     each  customer's  creditworthiness  on  a case-by-case basis. The amount of
     collateral  obtained,  if  deemed  necessary  by the Bank upon extension of
     credit, is based on management's credit evaluation of the counterparty. The
     Bank's  loans  are  primarily  collateralized by residential and other real
     properties,  automobiles,  savings deposits, accounts receivable, inventory
     and  equipment.

     Standby letters of credit are written conditional commitments issued by the
     Bank  to  guarantee  the  performance of a customer to a third party. Those
     guarantees  are  primarily  issued  to support public and private borrowing
     arrangements.  Most  letters  of  credit extend for less than one year. The
     credit  risk  involved in issuing letters of credit is essentially the same
     as  that  involved  in  extending  loan  facilities  to  customers.

     The  Bank's  exposure  to credit loss in the event of nonperformance by the
     other  party  to  the financial instrument for commitments to extend credit
     and  standby  letters of credit is represented by the contractual amount of
     those  instruments.  The  Bank  uses  the  same  credit  policies in making
     commitments  and  conditional  obligations  as it does for on-balance sheet
     instruments. All standby letters of credit are secured at December 31, 2003
     and  2002.

<TABLE>
<CAPTION>
                                                      2003        2002
                                                   ----------  ----------
<S>                                                <C>         <C>
     Financial instruments whose contract amounts
         represent credit risk:
             Commitments to extend credit          $16,454000  10,458,000
             Standby letters of credit             $  627,000     127,000
</TABLE>



(8)  EMPLOYEE  AND  DIRECTOR  BENEFIT  PLANS
     Defined  Contribution  Plan
     ---------------------------
     The  Company  sponsors a 401(k) savings plan under which eligible employees
     may  choose  to  save up to 15 percent of salary income on a pre-tax basis,
     subject  to  certain IRS limits. Under the plan, the Company is required to
     make  certain  matching contributions and can make additional discretionary
     contributions,  as  determined  by  the Board of Directors. During 2003 and
     2002,  plan  contributions charged to operations were approximately $46,000
     and  $23,000,  respectively.

     Stock  Option  Plan  and  Warrants
     ----------------------------------
     The Company sponsors an employee stock incentive plan. The plan was adopted
     for  the  benefit  of  key  officers  and  employees in order that they may
     purchase  Company  stock  at  a price equal to the fair market value on the
     date  of  grant.  A  total  of  113,000  shares  were reserved for possible
     issuance  under  the plan. The options vest over various periods and expire
     after  ten  years.

     In  connection  with  the Company's formation and initial offering, 300,000
     warrants for shares were issued to the organizers. The warrants were issued
     at  the  initial  offering  price  of  $10  share  and  vest  evenly over a
     three-year  period.  The  warrants  will be exercisable for a period of ten
     years  following  issuance,  but generally no later than three months after
     the  holder  ceases  to  serve  as  a  director.


                                     - 13 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(8)  EMPLOYEE  AND  DIRECTOR  BENEFIT  PLANS,  CONTINUED
     Stock  Option  Plan  and  Warrants,  continued
     ----------------------------------------------
     A  summary of activity in the directors' warrants and employee stock option
     plans  for  the  year  ended  December  31,  2003  is  presented  below:

<TABLE>
<CAPTION>
                                           2003                2002
                                     ------------------  ------------------
                                              Weighted            Weighted
                                               Average             Average
                                              Exercise            Exercise
                                     Shares     Price    Shares     Price
                                     -------  ---------  -------  ---------
<S>                                  <C>      <C>        <C>      <C>
     Outstanding, beginning of year  321,000  $   10.00        -  $       -
     Granted during the year          59,000      10.00  321,000      10.00
                                     -------             -------

     Outstanding, end of year        380,000      10.00  321,000      10.00
                                     =======             =======

     Exercisable at year end         107,000      10.00        -      10.00
                                     =======             =======
</TABLE>

     The  weighted average grant-date fair value of options and warrants granted
     in  2003  and  2002 was $3.19. The fair value of each option and warrant is
     estimated  on  the date of grant using the Minimum Value pricing model with
     the following assumptions: dividend yield of 0%; risk free interest rate of
     4%  and  an  expected  life of ten years. The employee options and warrants
     have  a  weighted average remaining contractual life of approximately eight
     years  as  of  December  31,  2003.

(9)  SHAREHOLDERS'  EQUITY
     Shares  of  preferred  stock may be issued from time to time in one or more
     series  as  established  by  resolution  of  the  Board of Directors of the
     Company, up to a maximum of 2,000,000 shares. Each resolution shall include
     the number of shares issued, preferences, special rights and limitations as
     determined  by  the  Board.

(10) RELATED  PARTY  TRANSACTIONS
     The  Bank  conducts  transactions  with  directors  and executive officers,
     including companies in which they have a beneficial interest, in the normal
     course  of  business.  It  is  the  Bank's  policy  to  comply with federal
     regulations  that require that loan and deposit transactions with directors
     and  executive  officers  be  made on substantially the same terms as those
     prevailing  at  the  time  made  for comparable loans and deposits to other
     persons.  As  of  December 31, 2003, there were approximately $6,530,000 of
     related  party  deposits.  Following  is  a summary of related party loans:

<TABLE>
<CAPTION>
<S>                                 <C>
      Beginning balance             $ 5,187,525
      New loans/advances              3,834,357
      Repayments                     (4,802,117)
                                    ------------

      Balance at December 31, 2003  $ 4,219,765
                                    ============
</TABLE>

(11) MISCELLANEOUS  OPERATING  EXPENSES
     Components  of  other  operating  expenses  which  are  greater  than 1% of
     interest  income  and  other  operating  income  are  as  follows:

<TABLE>
<CAPTION>
                     2003     2002
                   --------  ------
<S>                <C>       <C>
Supplies           $ 44,050  40,647
Advertising          20,422  30,056
Public relations     20,856  20,731
Professional fees   125,583  82,436
Data processing      47,482  17,386
</TABLE>


                                     - 14 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(12) REGULATORY  MATTERS
     The  Company  and  the  Bank  are  subject  to  various  regulatory capital
     requirements  administered by the federal banking agencies. Failure to meet
     minimum  capital  requirements  can initiate certain mandatory and possibly
     additional  discretionary  actions by regulators that, if undertaken, could
     have  a  direct  material effect on the financial statements. Under certain
     adequacy  guidelines  and  the  regulatory  framework for prompt corrective
     action,  specific  capital guidelines that involve quantitative measures of
     the  assets, liabilities, and certain off-balance sheet items as calculated
     under  regulatory accounting practices must be met. The capital amounts and
     classifications are also subject to qualitative judgments by the regulators
     about  components,  risk  weightings,  and  other  factors.

     Quantitative  measures established by regulation to ensure capital adequacy
     require  the  Company  and  the Bank to maintain minimum amounts and ratios
     (set  forth  in the table below) of Total and Tier 1 Capital (as defined in
     the  regulations)  to  risk-weighted  assets  (as  defined),  and of Tier 1
     Capital  (as  defined) to average assets (as defined). Management believes,
     as  of  December  31, 2003 and 2002, that the Company and the Bank meet all
     capital  adequacy  requirements  to  which  they  are  subject.

     As of December 31, 2003 and 2002, the most recent notification from the OCC
     categorized the Bank as well capitalized under the regulatory framework for
     prompt  corrective  action. To be categorized as well capitalized, the Bank
     must  maintain  minimum  total  risk-based,  Tier  1  risk-based and Tier 1
     leverage ratios as set forth in the table below. There are no conditions or
     events  since  that  notification that management believes have changed the
     Bank's  category.

     The  actual capital amounts (in thousands) and ratios are also presented in
     the  table  below.

<TABLE>
<CAPTION>
                                                                                      To Be Well
                                                                                   Capitalized Under
                                                                   For Capital     Prompt Corrective
                                                    Actual      Adequacy Purposes  Action Provisions
                                               ---------------  -----------------  -----------------
                                               Amount   Ratio    Amount    Ratio    Amount    Ratio
                                               -------  ------  --------  -------  --------  -------
<S>                                            <C>      <C>     <C>       <C>      <C>       <C>
     AS OF DECEMBER 31, 2003
     Total Capital (to Risk Weighted Assets)
       Consolidated                            $12,312  18.50%     5,323       8%      N/A       N/A
       Bank                                    $11,948  17.95%     5,323       8%     6,656      10%
     Tier 1 Capital (to Risk Weighted Assets)
       Consolidated                            $11,479  17.25%     2,662       4%       N/A      N/A
       Bank                                    $11,116  16.70%     2,662       4%     3,994       6%
     Tier 1 Capital (to Average Assets)
       Consolidated                            $11,479  16.18%     2,839       4%       N/A      N/A
       Bank                                    $11,116  15.66%     2,839       4%     3,548       5%

     AS OF DECEMBER 31, 2002
     Total Capital (to Risk Weighted Assets)
       Consolidated                            $11,609  28.19%     3,294       8%       N/A      N/A
       Bank                                    $11,234  27.28%     3,294       8%     4,118      10%
     Tier 1 Capital (to Risk Weighted Assets)
       Consolidated                            $11,109  26.98%     1,647       4%       N/A      N/A
       Bank                                    $10,734  26.07%     1,647       4%     2,471       6%
     Tier 1 Capital (to Average Assets)
       Consolidated                            $11,109  26.02%     1,708       4%       N/A      N/A
       Bank                                    $10,734  25.14%     1,708       4%     2,135       5%
</TABLE>

     Dividends paid by the Bank are the primary source of funds available to the
     Company. Banking regulations limit the amount of dividends that may be paid
     without  prior  approval  of the regulatory authorities. These restrictions
     are  based  on  the level of regulatory classified assets, the prior years'
     net  earnings, and the ratio of equity capital to total assets. At December
     31, 2003, the Bank is substantially restricted from paying dividends to the
     Company.


                                     - 15 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(13) WEST  METRO  FINANCIAL  SERVICES, INC. (PARENT COMPANY ONLY) FINANCIAL
     INFORMATION

<TABLE>
<CAPTION>
                                 Balance Sheets

                           December 31, 2003 and 2002

                                                        2003         2002
                                                    ------------  -----------
<S>                                                 <C>           <C>
                                     Assets
                                     ------
Cash and cash equivalents                           $   359,429      375,538
Investment in Bank                                   11,116,352   10,747,544
Other assets                                              4,525            -
                                                    ------------  -----------

                                                    $11,480,306   11,123,082
                                                    ============  ===========

                     Liabilities and Shareholders' Equity
                     ------------------------------------

Shareholders' equity                                $11,480,306   11,123,082
                                                    ============  ===========


                           Statements of Operations
                For the Years Ended December 31, 2003 and 2002

                                                         2003         2002
                                                    ------------  -----------

Interest income                                     $         -       20,240
Interest expense                                              -       (6,867)
Other operating expense                                 (13,844)      (6,295)
                                                    ------------  -----------

Earnings (loss) before income taxes and equity in
  undistributed earnings (loss) of Bank                 (13,844)       7,078

Income tax benefit                                        2,260            -
                                                    ------------  -----------

Earning (loss) before equity in
  undistributed earnings (loss) of Bank                 (11,584)       7,078

Equity in undistributed earnings (loss) of Bank         382,058     (531,988)
                                                    ------------  -----------

Net earnings (loss)                                 $   370,474     (524,910)
                                                    ============  ===========

</TABLE>


                                     - 16 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(13) WEST  METRO  FINANCIAL  SERVICES,  INC. (PARENT COMPANY ONLY) FINANCIAL
     INFORMATION,  CONTINUED

<TABLE>
<CAPTION>
                                        Statements of Cash Flows

                             For the Years Ended December 31, 2003 and 2002


                                                                                   2003         2002
                                                                                ----------  ------------
<S>                                                                             <C>         <C>
Cash flows from operating activities:
 Net earnings (loss)                                                            $ 370,474      (524,910)
   Adjustments to reconcile net earnings (loss) to net cash
     provided (used) by operating activities:
       Equity in undistributed (earnings) loss of Bank                           (382,058)      531,988
       Change in other assets                                                      (4,525)        8,634
                                                                                ----------  ------------

             Net cash provided (used) by operating activities                     (16,109)       15,712
                                                                                ----------  ------------

Cash flows from investing activities consisting of capital infusion into Bank           -   (11,004,889)
                                                                                ----------  ------------

Cash flows from financing activities:
 Change in line of credit                                                               -      (482,804)
 Change in advances payable to organizers                                               -      (140,000)
 Proceeds from sale of common stock                                                     -    12,000,000
 Deferred offering costs                                                                -       (16,515)
 Redemption of organizing share of stock                                                -           (10)
                                                                                ----------  ------------

             Net cash provided by financing activities                                  -    11,360,671
                                                                                ----------  ------------

Net change in cash                                                                (16,109)      371,494

Cash at beginning of year                                                         375,538         4,044
                                                                                ----------  ------------

Cash at end of year                                                             $ 359,429       375,538
                                                                                ==========  ============
</TABLE>


                                     - 17 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(14) FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS
     The  Company is required to disclose fair value information about financial
     instruments,  whether  or  not recognized on the face of the balance sheet,
     for which it is practicable to estimate that value. The assumptions used in
     the estimation of the fair value of the Company's financial instruments are
     detailed  below.  Where  quoted  prices  are not available, fair values are
     based  on  estimates  using  discounted  cash  flows  and  other  valuation
     techniques.  The use of discounted cash flows can be significantly affected
     by  the  assumptions  used,  including  the  discount rate and estimates of
     future  cash  flows.  The  following disclosures should not be considered a
     surrogate  of  the  liquidation value of the Company or its subsidiary, but
     rather  a  good-faith  estimate  of  the  increase  or decrease in value of
     financial  instruments  held  by the Company since purchase, origination or
     issuance.

          Cash  and  Cash  Equivalents
          ----------------------------
          For  cash,  due from banks and federal funds sold, the carrying amount
          is  a  reasonable  estimate  of  fair  value.

          Investment  Securities  Available-for-Sale
          ------------------------------------------
          Fair  values for investment securities available-for-sale are based on
          quoted  market  prices.

          Other  Investments
          ------------------
          For  other investments, the carrying value is a reasonable estimate of
          fair  value.

          Loans
          -----
          The  fair  value  of  fixed rate loans is estimated by discounting the
          future cash flows using the current rates at which similar loans would
          be  made  to  borrowers with similar credit ratings. For variable rate
          loans,  the  carrying  amount  is a reasonable estimate of fair value.

          Deposits
          --------
          The  fair value of demand deposits, NOW and money market accounts, and
          savings  accounts  is  the  amount  payable on demand at the reporting
          date.  The  fair  value  of  fixed maturity certificates of deposit is
          estimated  by  discounting  the  future  cash  flows  using  the rates
          currently  offered  for  deposits  of  similar  remaining  maturities.

          Federal  Funds  Purchased
          -------------------------
          For  federal  funds  purchased,  the  carrying  amount is a reasonable
          estimate  of  fair  value.

          Commitments  to  Extend  Credit  and  Standby  Letters  of  Credit
          ------------------------------------------------------------------
          Because commitments to extend credit and standby letters of credit are
          made  using  variable  rates,  the  fair  value  of  such items is not
          considered  material.

          Limitations
          -----------
          Fair  value  estimates  are made at a specific point in time, based on
          relevant  market  information  and  information  about  the  financial
          instrument.  These  estimates  do  not reflect any premium or discount
          that  could  result  from  offering for sale at one time the Company's
          entire  holdings  of  a  particular  financial  instrument. Because no
          market  exists  for  a  significant portion of the Company's financial
          instruments,  fair  value estimates are based on many judgments. These
          estimates  are  subjective  in  nature  and  involve uncertainties and
          matters  of  significant  judgment  and therefore cannot be determined
          with  precision. Changes in assumptions could significantly affect the
          estimates.

          Fair  value  estimates  are based on existing on and off-balance sheet
          financial  instruments  without  attempting  to  estimate the value of
          anticipated  future  business  and the value of assets and liabilities
          that  are not considered financial instruments. Significant assets and
          liabilities  that  are  not  considered  financial instruments include
          deferred income taxes and premises and equipment. In addition, the tax
          ramifications  related  to the realization of the unrealized gains and
          losses  can have a significant effect on fair value estimates and have
          not  been  considered  in  the  estimates.


                                     - 18 -
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.

              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

(14) FAIR  VALUE  OF  FINANCIAL  INSTRUMENTS,  CONTINUED
     The  carrying  amount  and estimated fair values of the Company's financial
     instruments  at  December  31,  2003  and  2002  are  as  follows:

<TABLE>
<CAPTION>
                                                      2003                     2002
                                            ------------------------  ----------------------
                                             Carrying     Estimated    Carrying   Estimated
                                              Amount     Fair Value     Amount    Fair Value
                                            -----------  -----------  ----------  ----------
<S>                                         <C>          <C>          <C>         <C>
Assets:
  Cash and cash equivalents                 $   812,968      812,968   2,297,257   2,297,257
  Investment securities available-for-sale    2,016,021    2,016,021   1,795,320   1,795,320
  Other investments                             379,250      379,250     325,850     325,850
  Loans, net                                 65,720,988   65,778,000  39,212,970  39,233,000

Liabilities:
  Deposits                                  $59,174,579  $59,416,000  34,719,753  34,876,000
  Federal funds purchased                     1,003,000    1,003,000           -           -
</TABLE>


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