EXHIBIT 13.1




                       WEST METRO FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)


                              FINANCIAL STATEMENTS

                                DECEMBER 31, 2001

                 (WITH INDEPENDENT ACCOUNTANTS' REPORT THEREON)



<PAGE>
               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS



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


We have audited the accompanying balance sheet of West Metro Financial Services,
Inc.  (a development stage corporation) as of December 31, 2001, and the related
statements  of  operations,  changes in stockholder's deficit and cash flows for
the  period  from  May 9, 2001 (inception) to December 31, 2001. 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  audit.

We  conducted our audit 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  audit  provides  a
reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material respects, the financial position of West Metro Financial Services,
Inc.  as  of  December  31,  2001 and the results of its operations and its cash
flows  from  May  9,  2001  (inception)  to December 31, 2001 in conformity with
accounting  principles  generally  accepted  in  the  United  States of America.

The  accompanying  financial  statements  have  been prepared assuming that West
Metro Financial Services, Inc. will continue as a going concern. As discussed in
note 1 to the financial statements, the Company is in the organization stage and
has not commenced operations. Also, as discussed in note 3, the Company's future
operations  are dependent on obtaining capital through an initial stock offering
and  obtaining  the  necessary final regulatory approvals. These factors and the
expense  associated  with  the  development  of  a new banking institution raise
substantial  doubt  about  the Company's ability to continue as a going concern.
Management's  plans  in  regard  to  these  matters are described in note 3. The
financial  statements  do  not  include  any  adjustments  relating  to  the
recoverability of reported asset amounts or the amount of liabilities that might
result  from  the  outcome  of  this  uncertainty.


                                               /s/  Porter Keadle Moore, LLP

Atlanta,  Georgia
January  23,  2002


<PAGE>
<TABLE>
<CAPTION>
                      WEST METRO FINANCIAL SERVICES, INC.
                       (A DEVELOPMENT STAGE CORPORATION)

                                  BALANCE SHEET

                                DECEMBER 31, 2001

                                      Assets
                                      ------

<S>                                                               <C>
Cash                                                              $    4,044
Restricted assets consisting of cash and U.S. agency note          3,308,150
Deferred offering costs                                               97,449
Prepaid expenses                                                      29,824
Building and equipment                                               260,504
Other assets                                                           5,310
                                                                  -----------

                                                                  $3,705,281
                                                                  ===========
                        Liabilities and Stockholder's Deficit
                        -------------------------------------

Accounts payable and accrued expenses                             $   26,500
Subscribers' deposits                                              3,308,150
Advances payable to organizers                                       140,000
Line of credit                                                       482,804
                                                                  -----------

               Total liabilities                                   3,957,454
                                                                  -----------

Stockholder's deficit:
     Preferred stock, no par value, 2,000,000 shares authorized;
          no shares issued or outstanding                                  -
     Common stock, $1 par value, 10,000,000 shares authorized;
          1 share issued and outstanding                                   1
     Additional paid in capital                                            9
     Deficit accumulated during the development stage               (252,183)
                                                                  -----------

               Total stockholder's deficit                          (252,173)
                                                                  -----------

                                                                  $3,705,281
                                                                  ===========
</TABLE>

See  accompanying  notes  to  financial  statements and independent accountants'
report.


                                      -2-
<PAGE>
<TABLE>
<CAPTION>
                       WEST METRO FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                             STATEMENT OF OPERATIONS

        FOR THE PERIOD FROM MAY 9, 2001 (INCEPTION) TO DECEMBER 31, 2001


<S>                        <C>
Interest income                 $   4,751
                                ---------

Expenses:
     Legal and consulting          66,719
     Officer compensation         133,641
     Regulatory fees               18,500
     Interest                       4,828
     Other operating               33,246
                                ---------

          Total expenses          256,934
                                ---------

          Net loss              $ 252,183
                                =========
</TABLE>

See  accompanying  notes  to  financial  statements and independent accountants'
report.


                                      -3-
<PAGE>
<TABLE>
<CAPTION>
                              WEST METRO FINANCIAL SERVICES, INC.
                               (A DEVELOPMENT STAGE CORPORATION)

                         STATEMENT OF CHANGES IN STOCKHOLDER'S DEFICIT

               FOR THE PERIOD FROM MAY 9, 2001 (INCEPTION) TO DECEMBER 31, 2001


                                                                         Deficit
                                                                       Accumulated
                                                           Additional   During the
                                       Preferred   Common   Paid In    Development
                                         Stock     Stock    Capital       Stage        Total
                                       ----------  ------  ----------  ------------  ---------
<S>                                    <C>         <C>     <C>         <C>           <C>
Issuance of common stock to organizer  $        -       1           9            -         10

Net loss                                        -       -           -     (252,183)  (252,183)
                                       ----------  ------  ----------  ------------  ---------

Balance, December 31, 2001             $        -       1           9     (252,183)  (252,173)
                                       ==========  ======  ==========  ============  =========
</TABLE>

See  accompanying  notes  to  financial  statements and independent accountants'
report.


                                      -4-
<PAGE>
<TABLE>
<CAPTION>
                                WEST METRO FINANCIAL SERVICES, INC.
                                 (A DEVELOPMENT STAGE CORPORATION)

                                      STATEMENT OF CASH FLOWS

                  FOR THE PERIOD FROM MAY 9, 2001 (INCEPTION) TO DECEMBER 31, 2001


<S>                                                               <C>
Cash flows from operating activities:
     Net loss                                                         $(252,183)
     Adjustments to reconcile net loss to net cash used in
          operating activities:
               Increase in other assets                                 (35,134)
               Increase in accounts payable and accrued expenses         26,500
                                                                  --------------

                    Net cash used in operating activities              (260,817)
                                                                  --------------

Cash flows from investing activities:
     Purchase of building and equipment                                (260,504)
     Deferred offering costs                                            (97,449)
                                                                  --------------

                    Net cash used in investing activities              (357,953)
                                                                  --------------

Cash flows from financing activities:
     Sale of organization share of common stock                              10
     Proceeds from advances payable to organizers                       140,000
     Proceeds from line of credit                                       482,804
                                                                  --------------

                    Net cash provided by financing activities           622,814
                                                                  --------------

Net increase in cash                                                      4,044

Cash at beginning of period                                                   -
                                                                  --------------

Cash at end of period                                             $       4,044
                                                                  ==============

Supplemental disclosure of cash paid for interest                 $       4,828

Supplemental disclosure of noncash investing and
     financing activities - increase in restricted assets
     and subscribers' deposits                                    $   3,308,150
</TABLE>

See  accompanying  notes  to  financial  statements and independent accountants'
report.


                                      -5-
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                          NOTES TO FINANCIAL STATEMENTS

(1)   ORGANIZATION
      ------------
      West  Metro  Financial Services, Inc. (the "Company") was incorporated for
      the  purpose  of  becoming  a bank holding company. The Company intends to
      acquire  100%  of the outstanding common stock of First National Bank West
      Metro  (Proposed) (the "Bank"), which will operate in Paulding and Douglas
      counties  in the metropolitan Atlanta, Georgia area. The organizers of the
      Bank  filed a joint application to charter the Bank with the Office of the
      Comptroller  of  Currency and the Federal Deposit Insurance Corporation on
      June  7,  2001.  Provided  that  the  application  is  timely approved and
      necessary  capital is raised, it is expected that operations will commence
      in  the  first  quarter  of  2002.

      Operations  through  December 31, 2001 relate primarily to expenditures by
      the  organizers  for  incorporating  and  organizing  the  Company.  All
      expenditures by the organizers are considered expenditures of the Company.

      The  Company  plans to raise between $7,500,000 and $10,000,000 through an
      offering of its common stock at $10 per share, of which $7,000,000 will be
      used  to  capitalize  the  Bank.  The  organizers  and directors expect to
      subscribe  for  a  minimum of approximately $4,330,000 (433,000 shares) of
      the  Company's  stock.

      In  connection with the Company's formation and initial offering, warrants
      to  purchase  shares of common stock at $10.00 per share will be issued to
      the  organizing  directors.  Organizing directors will receive warrants to
      purchase  one  share  of  common  stock  for each share they purchase. The
      warrants  are exercisable on each of the three succeeding anniversaries of
      the  date  of  the  close  of the initial offering at the initial offering
      price  of  $10.00  per share and expire ten years after the date of grant.
      The  Company  has  reserved 55,000 shares of its common stock for issuance
      under  a  stock  option  plan.

(2)   SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
      ----------------------------------------------
      ORGANIZATION  COSTS
      Costs  incurred  for  the  organization  of  the  Company  and  the  Bank
      (consisting principally of legal, accounting, consulting and incorporation
      fees)  are  being  expensed  as  incurred.

      DEFERRED  OFFERING  EXPENSES
      Costs  incurred  in  connection  with  the  stock  offering, consisting of
      direct,  incremental costs of the offering, are being deferred and will be
      offset  against  the  proceeds of the stock sale as a charge to additional
      paid  in  capital.

      PRE-OPENING  EXPENSES
      Costs  incurred  for overhead and other operating expenses are included in
      the  current  period's  operating  results.

      PROFORMA  NET  LOSS  PER  COMMON  SHARE
      Proforma  net  loss per common share is calculated by dividing net loss by
      the  minimum number of common shares (750,000), which would be outstanding
      should  the  offering  be  successful,  as  prescribed in Staff Accounting
      Bulletin  Topic  1:B. The proforma net loss per share for the period ended
      July  31,  2001  was  $.34  per  share.


                                      -6-
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                    NOTES TO FINANCIAL STATEMENTS, CONTINUED

(2)   SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES,  CONTINUED
      ----------------------------------------------------------
      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
      result  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.

(3)   RESTRICTED  ASSETS  AND  SUBSCRIBERS'  DEPOSITS
      -----------------------------------------------
      Restricted  assets  of $3,308,150 at December 31, 2001 consist of cash and
      U.S.  agency  notes  and  represent  amounts  deposited  by the Company in
      connection  with  its  initial  offering.  Subscribers' deposits represent
      amounts  deposited  with  the  Company  by  potential common stockholders.
      Should  the  Company  be  unable  to  complete its initial offering, these
      amounts  will  be  refunded  to  the  subscribers.

(4)   LIQUIDITY  AND  GOING  CONCERN  CONSIDERATIONS
      ----------------------------------------------
      The  Company  incurred  a  net loss of $252,183 for the period from May 9,
      2001  (inception)  to December 31, 2001. At December 31, 2001, liabilities
      exceeded  assets  by  $252,173.

      At  December  31,  2001,  the  Company  is  funded  by  advances  from its
      organizers  and a line of credit from a bank. Management believes that the
      current level of expenditures is well within the financial capabilities of
      the  organizers and adequate to meet existing obligations and fund current
      operations,  but  obtaining  final  regulatory  approvals  and  commencing
      banking  operations  is  dependent  on  successfully  completing the stock
      offering.

      To  provide  permanent funding for its operation, the Company is currently
      offering  between  750,000 and 1,000,000 shares of its $1 par value common
      stock at $10 per share in an initial public offering. Costs related to the
      organization  and  registration of the Company's common stock will be paid
      from  the  gross  proceeds  of  the  offering.  The share issued, which is
      outstanding  at  December 31, 2001, will be redeemed concurrently with the
      consummation  of  the  offering.

(5)   LINE  OF  CREDIT
      ----------------
      Organization, offering and pre-opening costs incurred prior to the opening
      for  business will be funded under a $500,000 line of credit. The terms of
      the  existing  line  of  credit,  which  is  guaranteed by the organizers,
      include  a  maturity  of  July  20,  2002 and interest, payable quarterly,
      calculated  at  one-half  percent  below  the  prime  interest  rate.

(6)   ADVANCES  PAYABLE  TO  ORGANIZERS
      ---------------------------------
      The organizers of the Company have advanced amounts to the Company to fund
      certain organizing expenses. The advances are non interest bearing and are
      to  be  repaid  from  proceeds from the Company's initial public offering.


                                      -7-
<PAGE>
                       WEST METRO FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                    NOTES TO FINANCIAL STATEMENTS, CONTINUED

(7)   PREFERRED  STOCK
      ----------------
      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.  Each  resolution  shall  include  the  number  of shares issued,
      preferences,  special  rights  and limitations as determined by the Board.

(8)   COMMITMENTS
      -----------
      The  Company  has  entered into an employment agreement with its President
      and Chief Executive Officer, providing for an initial term of three years.
      The  agreement provides for a base salary, an incentive bonus based on the
      Company's  performance,  stock  options and other perquisites commensurate
      with  his  employment.

      The  Company  has also entered into an employment agreement with its Chief
      Financial  Officer,  providing  for  an  initial term through December 31,
      2006.  The  agreement  provides  for a base salary, an incentive bonus and
      other  perquisites  commensurate  with  her  employment.

      The Company has entered into an agreement to purchase land for $550,000 on
      which  it  will build its main banking facility. The property is owned 50%
      by  the  Company's  President  and  Chief Executive Officer and 50% by the
      father-in-law  of  one  of  the  organizers.

(9)   INCOME  TAXES
      -------------
      The  following  summarizes  the  sources  and expected tax consequences of
      future  taxable  deductions  which  comprise  the  net  deferred  taxes at
      December  31,  2001:

          Deferred  tax  assets:
            Net  operating  loss  carryforward     $     1,835
            Pre-opening  expenses                       93,995
                                                   ------------
                                                        95,830
            Less  valuation  allowance                 (95,830)
                                                   ------------

            Net  deferred  taxes                   $         -
                                                   ============

      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. A valuation allowance was established for the
      net  deferred  tax  asset,  as  their  realization  is dependent on future
      taxable  income.


                                      -8-
<PAGE>