FORM 10-QSB
                                   -----------

                       SECURITIES AND EXCHANGE COMMISSION
                       ----------------------------------
                              Washington, DC 20549
                              --------------------



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

                  For the quarterly period ended June 30, 2000
                  --------------------------------------------



                         Commission File Number: 0-25290
                         -------------------------------


                             Twin City Bancorp, Inc.
        ----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

       Tennessee                                               62-1582947
------------------------                                    ----------------
(State of incorporation)                                    (I.R.S. Employer
                                                           Identification No.)

  310 State Street, Bristol Tennessee                        37620
--------------------------------------                    -----------
(Address of principal executive offices)                   (Zip Code)

         Issuer's telephone number, including area code: (423) 989-4400
                                                         --------------

     Check whether the issuer (1) has filed all reports  required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such requirements for the past sixty days: Yes X   No
                                                                  ----   ----

     As of June 30, 2000,  there are  1,121,388  shares of the  issuer's  Common
Stock, par value $1.00 per share, outstanding.

     Transitional small business disclosure format (check one): Yes     No  X
                                                                   ----   ----



<PAGE>


                    TWIN CITY BANCORP, INC. AND SUBSIDIARIES
                    ----------------------------------------
                               Bristol, Tennessee
                               ------------------

                                      INDEX
                                      -----



PART I. FINANCIAL INFORMATION

   Item 1.     Financial Statements

               Consolidated Balance Sheets - (Unaudited) as of December 31, 1999
               and June 30, 2000

               Consolidated Statements of Comprehensive Income - (Unaudited) for
               the six and three-month periods ended June 30, 1999 and 2000

               Consolidated  Statements  of  Cash  Flows -  (Unaudited)  for the
               six-month periods ended June 30, 1999 and 2000

               Notes to (Unaudited) Consolidated Financial Statements

   Item 2.     Management's  Discussion and Analysis of Financial  Condition and
               Results of Operations

Part II.       Other Information

   Item 1.     Legal Proceedings

   Item 2.     Changes in Securities

   Item 3.     Defaults Upon Senior Securities

   Item 4.     Submission of Matters to a Vote of Security Holders

   Item 5.     Other Information

   Item 6.     Exhibits and Reports on Form 8-K



<PAGE>


                             TWIN CITY BANCORP, INC.
                                AND SUBSIDIARIES
                           Consolidated Balance Sheets
                                   (unaudited)
                        (in thousands, except share data)
<TABLE>
<CAPTION>


                                                         December 31,           June 30,
                                                            1999                 2000
                                                            ----                 ----
                             Assets
                             ------
<S>                                                         <C>                   <C>
Cash and due from banks                                $    2,998            $    1,140
Interest-earning deposits                                   2,277                 3,718
Investment securities (amortized cost - $4
   and $4)                                                      4                     4
Loans receivable, net                                      87,202                93,007
Loans held for sale                                           172                   477
Mortgage-backed securities (amortized
   cost - $17,759 and $ 18,786)                            17,075                18,130
Premises and equipment, net                                 3,487                 4,048
Real estate, net                                               85                   180
Federal Home Loan Bank stock                                  829                   669
Interest receivable                                           244                   719
Other                                                       1,638                 1,819
                                                       ----------            ----------






   Total assets                                        $   116,011           $   123,911
                                                       ===========           ===========
</TABLE>

                                               (continued on next page)


<PAGE>

<TABLE>
<CAPTION>


                                                              December 31,         June 30,
                                                                  1999               2000
                                                                  ----               ----
                Liabilities and Stockholders' Equity
                ------------------------------------

<S>                                                         <C>                   <C>
Deposits                                                    $    92,165           $    96,099
Federal Home Loan Bank advances                                   8,850                11,550
Advance payments by borrowers for
   taxes and insurance                                              274                 1,004
Accrued expenses and other liabilities                              436                   458
Income taxes payable:
   Current                                                           69                   153
   Deferred                                                         690                   700
                                                            -----------           -----------
       Total liabilities                                        102,484               109,964
                                                            -----------           -----------

Stockholders' Equity
   Common stock ($1 par value, 8,000,000
     shares authorized; 1,219,430 shares issued;
      1,121,388 outstanding at December 31, 1999 and
     June 30, 2000)                                               1,220                 1,220
   Paid-in capital                                                7,003                 7,039
   Retained earnings, substantially restricted                    7,513                 7,803
   Accumulated other comprehensive income (loss)                   (423)                 (407)
   Treasury stock, 98,042 shares, at cost                        (1,385)               (1,385)
   Unearned compensation:
     Employee stock ownership plan                                 (359)                 (323)
     Management recognition plan                                    (42)                   --
                                                            ------------          -----------
       Total stockholders' equity                                13,527                13,947
                                                            -----------           -----------

       Total liabilities and stockholders' equity           $   116,011           $   123,911
                                                            ===========           ===========
</TABLE>






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


<PAGE>


                             TWIN CITY BANCORP, INC.
                                AND SUBSIDIARIES
                 Consolidated Statements of Comprehensive Income
                                   (unaudited)
                      (in thousands, except per share data)

<TABLE>
<CAPTION>
                                        Six Months Ended                      Three Months Ended
                                             June 30                                June 30
                                  ----------------------------           ----------------------------
                                    1999                2000               1999               2000
                                    ----                ----               ----               ----
<S>                                <C>                <C>                 <C>               <C>
Interest income:
  Loan                             $  3,547           $  3,672            $  1,776          $  1,877
  Mortgage-backed securities            482                588                 253               309
  Investment securities                  57                 32                  26                15
  Interest-earning deposits              99                 51                  47                28
                                   --------           --------            --------          --------
   Total interest income              4,185              4,343               2,102             2,229
                                   --------           --------            --------          --------

Interest expense:
  Deposits                            1,835              2,136                 924             1,091
  Federal Home Loan
   Bank advances                        209                225                 105               127
                                   --------           --------            --------           -------
    Total interest expense            2,044              2,361               1,029             1,218
                                   --------           --------            --------          --------

    Net interest income               2,141              1,982               1,073             1,011

Provision for loan losses                80                  1                  45                --
                                   --------           --------            --------          --------

    Net interest income after
     provision for loan losses        2,061              1,981               1,028             1,011
                                   --------           --------            --------          --------

Non-interest income:
  Loan fees and service charges         132                174                  72                73
  Insurance commission and fees          37                 30                  18                15
  Gain on sale of loans                 268                130                 142                60
  Other                                  20                 17                  12                10
                                   --------           --------            --------          --------
   Total non-interest income            457                351                 244               158
                                   --------           --------            --------          --------

Non-interest expense:
  Compensation and employee
   benefits                             880                825                 444               417
  Net occupancy expense                 185                199                  87               101
  Deposit insurance premiums             27                 10                  13                 5
  Data processing                       155                180                  84                93
  Other                                 271                275                 135               146
                                   --------           --------            --------          --------
   Total non-interest expense         1,518              1,489                 763               762
                                   --------           --------            --------          --------
</TABLE>

                                                    (continued on next page)


<PAGE>



                             TWIN CITY BANCORP, INC.
                                AND SUBSIDIARIES
           Consolidated Statements of Comprehensive Income (continued)
                                   (unaudited)
                      (in thousands, except per share data)

<TABLE>
<CAPTION>

                                                 Six Months Ended        Three Months Ended
                                                       June 30                 June 30
                                              ---------------------      ------------------
                                                 1999         2000          1999      2000
                                                 ----         ----          ----      ----
<S>                                           <C>           <C>          <C>        <C>
Income before income taxes                    $ 1,000       $   843      $   509    $   407

   Income tax expense                             398           339          202        165
                                              -------       -------      -------    -------

Net income                                        602           504          307        242

Other comprehensive income:
  Net unrealized gains (losses) on
securities  available for sale,
net of tax expense (benefit) of ($113)
and $10 respectively, for the six
months ended June 30, 1999 and 2000,
and ($113) and $1 for the three months
ended  June 30, 1999 and 2000                    (183)           16         (182)         3
                                              -------       -------      -------    -------


     Comprehensive income                     $   419       $   520      $   125    $   245
                                              =======       =======      =======    =======



Basic net income per share                    $   .54       $   .47      $   .28    $   .22
Diluted net income per share                  $   .52       $   .46      $   .27    $   .22

Dividends paid per share                      $   .25       $   .20      $   .10    $   .10
                                              =======       =======      =======    =======



</TABLE>

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


<PAGE>



                             TWIN CITY BANCORP, INC.
                                AND SUBSIDIARIES
                      Consolidated Statements of Cash Flows
                                   (unaudited)
                                 (in thousands)
<TABLE>
<CAPTION>

                                                                       Six Months Ended June 30,
                                                                  -------------------------------
                                                                    1999                 2000
                                                                    ----                 ----

<S>                                                               <C>                   <C>
Net cash provided (used) by operating activities                  $  1,121              $   (133)
                                                                  --------              --------
Cash flows from investing activities:
   Maturities of investment securities                               1,000                    --
   Proceeds from sale of FHLB stock                                     --                   186
   Principal payments on mortgage-backed securities                  2,373                 1,460
   Purchase of mortgage-backed securities
     classified as available for sale                               (3,034)                   --
   Net decrease (increase) in loans originated                      (6,534)               (5,282)
   Purchase of loans                                                (2,132)               (3,112)
   Premiums invested in life insurance                                  --                    (4)
   Proceeds from sale of real estate                                   121                    --
   Purchase of premises and equipment                                  (82)                 (683)
                                                                  --------              --------
       Net cash provided (used) by investing activities             (8,288)               (7,435)
                                                                  --------              --------

Cash flows from financing activities:
   Net increase (decrease) in deposits                                 930                 3,934
   Increase in advance payments by borrowers
     for taxes and insurance                                           774                   730
   Proceeds from FHLB advance                                           --                 2,700
   Dividends paid                                                     (301)                 (213)
   Acquisition of treasury stock                                      (670)                   --
                                                                  --------              --------
       Net cash provided (used) by financing activities                733                 7,151
                                                                  --------              --------

Net decrease in cash                                                (6,434)                 (417)

Cash at beginning of period                                         10,341                 5,275
                                                                  --------              --------

Cash at end of period                                             $  3,907              $  4,858
                                                                  ========              ========

Supplemental disclosures:
   Noncash investing and financing activities:
     Loans sold in exchange for mortgage-backed securities        $  3,136              $  2,505
                                                                  ========              ========
     Foreclosed real estate                                       $     29              $     96
                                                                  ========              ========

   Cash paid during the period for:
     Interest                                                     $  2,048              $  2,305
                                                                  ========              ========
     Income taxes                                                 $    267              $    264
                                                                  ========              ========
</TABLE>

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


<PAGE>



                             TWIN CITY BANCORP, INC.
                                AND SUBSIDIARIES
                        NOTES TO (UNAUDITED) CONSOLIDATED
                              FINANCIAL STATEMENTS



Note 1  -  Basis of Presentation and Principles of Consolidation
           -----------------------------------------------------

The accompanying  unaudited consolidated financial statements have been prepared
in  accordance  with  generally  accepted  accounting   principles  for  interim
financial  information and in accordance  with the  instructions to Form 10-QSB.
Accordingly,  they do not include all of the  disclosures  required by generally
accepted  accounting  principles  for  complete  financial   statements.   These
consolidated  financial  statements  include the accounts of Twin City  Bancorp,
Inc. (the  "Company") and its  subsidiary,  Twin City Federal  Savings Bank (the
"Bank"),  and the Bank's  wholly owned  subsidiaries,  TCF  Investors,  Inc. and
Magnolia  Investment,  Inc., and in consolidation  all significant  intercompany
items are eliminated.  In the opinion of management,  all adjustments  necessary
for a fair  presentation  of the results of operations  for the interim  periods
presented have been made. Such adjustments  were of a normal  recurring  nature.
The results of  operations  for the 2000  interim  periods  are not  necessarily
indicative of the results that may be expected for the entire fiscal year.

It is  suggested  that  these  consolidated  financial  statements  be  read  in
conjunction with the audited consolidated financial statements and notes thereto
for the Company for the year ended  December  31, 1999 which are included in the
Form 10-KSB (file no. 0-25290).

Note 2 -  Cash Flow Information
          ---------------------

As  presented  in the  consolidated  statements  of cash  flows,  cash  and cash
equivalents include cash on hand and  interest-earning  deposits in other banks.
The Company considers all highly liquid instruments with original  maturities of
three months or less to be cash equivalents.


<PAGE>


Item 2.  Management's Discussion and Analysis of Financial Condition and
         ---------------------------------------------------------------
         Results of Operations
         ---------------------

GENERAL

The following discussion and analysis is intended to assist in understanding the
financial condition and the results of operations of the Company.  References to
the "Company"  include Twin City Bancorp,  Inc. and/or Twin City Federal Savings
Bank and its subsidiaries, as appropriate.

FORWARD-LOOKING STATEMENTS

     When used in this discussion and elsewhere in this Quarterly Report on Form
10-QSB,  the words or phrases  "will likely  result,"  "are  expected to," "will
continue," "is anticipated,"  "estimate,"  "project" or similar  expressions are
intended  to  identify  "forward-looking  statements"  within the meaning of the
Private  Securities  Litigation Reform Act of 1995. The Company cautions readers
not to place undue reliance on any such forward-looking statements,  which speak
only as of the date made, and advises  readers that various  factors,  including
regional  and national  economic  conditions,  substantial  changes in levels of
market  interest  rates,  credit  and  other  risks of  lending  and  investment
activities and  competitive  and  regulatory  factors could affect the Company's
financial  performance  and could cause the Company's  actual results for future
periods to differ  materially from those  anticipated or projected.  The Company
does not  undertake  and  specifically  disclaims  any  obligation to update any
forward-looking statements to reflect occurrence of anticipated or unanticipated
events or circumstances after the date of such statements.

PROPOSED BUSINESS COMBINATION

     On July 18, 2000,  the Company and the Bank  entered into an Agreement  and
Plan of Merger (the "Merger  Agreement") with Citco Community  Bancshares,  Inc.
("Citco") and its wholly owned subsidiary,  Citizens Bank, pursuant to which the
Company  will  merge  with and into  Citco  (the  "Merger").  As a result of the
Merger,  each  outstanding  share of the Company's common stock, par value $1.00
per share (the  "Common  Stock"),  will be  converted  into the right to receive
$17.15  in cash  subject  to  possible  adjustment  in the  event  the  costs of
terminating  certain  benefit plans exceed  certain  thresholds  (the  "Exchange
Price").  The Merger is  conditioned  upon,  among  other  things,  approval  by
Company's  shareholders  and the receipt of certain  regulatory and governmental
approvals. In connection with the Merger Agreement, the Company has entered into
a Stock Option Agreement (the "Option Agreement")  pursuant to which the Company
has granted Citco the right,  upon the terms and subject to the  conditions  set
forth in the Option Agreement to purchase up to 223,156 shares (or 19.9%) of the
Common Stock at a price of $15.50 per share, subject to certain adjustments. The
parties  anticipate  that the Merger will close during the fourth quarter of the
current year.



<PAGE>


COMPARISON OF FINANCIAL CONDITION AT JUNE 30, 2000 AND DECEMBER 31, 1999

The Company's  total  consolidated  assets  increased  $7.9 million,  or 6.8% to
$123.9  million at June 30, 2000 from $116.0  million at December 31, 1999.  Net
loans  receivable  increased $5.8 million or 6.7% from $87.2 million at December
31, 1999 to $93.0  million at June 30,  2000.  The Company  continues  to sell a
majority  of its  fixed-rate  originations  in the  secondary  market  servicing
retained without recourse. The Company's portfolio of mortgage-backed securities
increased  $1.0 million or 6.2% from $17.1 million at December 31, 1999 to $18.1
million  at June  30,  2000.  A part of this  net  increase  of  mortgage-backed
securities  was $2.5  million of loans  that were  swapped  for  mortgage-backed
securities.  Cash and due from  banks and  interest-earning  deposits  decreased
$417,000  from $5.3  million at December  31,  1999 to $4.9  million at June 30,
2000.

Deposits increased $3.9 million, or 4.3% from $92.2 million at December 31, 1999
to $96.1  million at June 30, 2000 through the Company's  marketing  efforts and
ability to attract new deposits.  The Company  borrowings  from the Federal Home
Loan Bank were $11.6 million at June 30, 2000 and provide an  additional  source
of liquidity.

Stockholders'  equity has  increased  $420,000 or 3.1% from December 31, 1999 to
June 30, 2000. The Company posted  comprehensive  income of $520,000 for the six
months ended June 30, 2000 while  paying  dividends of $0.20 per share of common
stock,  or  $213,000.  During the six months  ended June 30,  2000,  the Company
recognized compensation earned in the amount of $114,000 from the Employee Stock
Ownership Plan and the Management Recognition Plan. There were no repurchases of
common stock during the six months ended June 30, 2000.

The Company opened a new branch in Bristol, Virginia in May 2000.

COMPARISON OF RESULTS OF OPERATIONS

Net income was $504,000 or $0.46  diluted  earnings per share for the six months
ended June 30, 2000 compared to $602,000 or $0.52 diluted earnings per share for
the six months  ended June 30,  1999.  For the three months ended June 30, 2000,
net income was $242,000 or $0.22 diluted earnings per share compared to $307,000
or $0.27  diluted  earnings  per share for the three months ended June 30, 1999.
The  decline in net income was  attributable  to lower net  interest  income and
non-interest income with offsetting  reductions in non-interest  expense and the
provision for loan losses.

Net interest income for the six months ended June 30, 2000 decreased $159,000 as
compared to the six months ended June 30,  1999,  and for the three months ended
June 30, 2000  decreased  $62,000  compared to the three  months  ended June 30,
1999.  The changes  are  directly  attributable  to net changes in the volume of
interest  earning assets over interest  bearing  liabilities  and changes in the
interest rate spread.  The interest rate spread decreased from 3.50% for the six
months  ended June 30, 1999 to 3.20% for the six months  ended June 30, 2000 and
decreased  from 3.48% for the three  months ended June 30, 1999 to 3.24% for the
three months ended June 30, 2000. Net interest  margin  decreased from 3.93% for
the six months  ended June 30,  1999 to 3.52% for the six months  ended June 30,
2000 and decreased  from 3.91% for the three months ended June 30, 1999 to 3.56%
for the three months ended June 30, 2000.  The Company

<PAGE>

continues to see the net interest  margin being  affected by the rate  increases
which have required the Company to increase  deposit rates more quickly that its
loan  portfolio has been able to adjust.  The average yield on  interest-earning
assets  increased 3 basis  points  from 7.68% for the six months  ended June 30,
1999 to 7.71% for the six months  ended  June 30,  2000 and  increased  20 basis
points  from 7.65% for the three  months  ended  June 30,  1999 to 7.85% for the
three months ended June 30, 2000. The average balance of interest-earning assets
was $108.9  million for the six months ended June 30, 1999 as compared to $112.6
million for the six months ended June 30, 2000.

The average cost on  interest-bearing  liabilities  increased from 4.18% for the
six months  ended June 30, 1999 to 4.51% for the six months  ended June 30, 2000
and  increased  from 4.17% for the three months ended June 30, 1999 to 4.61% for
the three months ended June 30, 2000.  The average  balance of  interest-bearing
liabilities was $97.9 million for the six months ended June 30, 1999 as compared
to $104.7 million for the six months ended June 30, 2000. The additional Federal
Home Loan Bank borrowings  outstanding during the six months ended June 30, 2000
increased interest expense by $16,000 when compared to 1999.

The provision for loan losses  amounted to $80,000 and $1,000 for the six months
ended June 30, 1999 and 2000,  respectively,  and $45,000 and none for the three
months ended June 30, 1999 and 2000, respectively. For the six months ended June
30, 2000, net  charge-offs  were  approximately  $13,400.  At June 30, 2000, the
allowance  for loan losses  represented  598%, of total loans past due more than
ninety days.  As of June 30, 2000,  management  reviewed the  allowance for loan
losses in  relation  to the  Company's  performance  with past  collections  and
chargeoffs, management's experience with the loan portfolio, and observations of
the general  economic climate and loan loss  expectations.  From this review and
analysis, and based on management's experience and judgment in managing the loan
portfolio,  it was determined that an allowance for loan losses of approximately
$203,000  was  adequate,  and  therefore,  a loan loss  provision  of $1,000 was
recorded for the six months ended June 30, 2000.

Non-interest  income  decreased  $106,000 from $457,000 for the six months ended
June 30, 1999 to $351,000 for the six months  ended June 30, 2000 and  decreased
by $86,000  for the three  months  ended June 30,  2000 as compared to the three
months ended June 30, 1999.  This decrease was the result of a reduction in loan
sale activity  during both the three and six month periods ending June 30, 2000.
The Company  continues  to sell its  fixed-rate  loan  product in the  secondary
market.  Gains on the sale of fixed-rate  mortgage loans  recognized for the six
months  ended June 30, 2000 were  $130,000  as compared to $268,000  for the six
months ended June 30, 1999, and were $60,000 for the three months ended June 30,
2000 as compared to  $142,000  for the three  months  ended June 30,  1999.  The
Company saw an increase in loan fees and service  charge  income during both the
six and three month  periods of 2000.  For the six months  ended June 30,  2000,
loan fees and service  charges  amounted to $174,000 as compared to $132,000 for
the six months ended June 30, 1999, and amounted to $73,000 for the three months
ended June 30, 2000 as compared to $72,000 for the three  months  ended June 30,
1999. Insurance  commissions and fees were $30,000 for the six months ended June
30, 2000 as  compared to $37,000 for the six months  ended June 30, 1999 and was
$15,000 for the three  months ended June 30, 2000 as compared to $18,000 for the
three months ended June 30, 1999.

<PAGE>

Non-interest  expense  decreased  $29,000 for the six months ended June 30, 2000
compared to the six months ended June 30, 2000, and $1,000 from $763,000 for the
three months ended June 30, 1999 to $762,000 for the three months ended June 30,
2000. Compensation and employee benefits decreased $55,000 from $880,000 for the
six months  ended June 30,  1999 to $825,000  for the six months  ended June 30,
2000,  and  decreased  $27,000 from $444,000 for the three months ended June 30,
1999 to $417,000 for the three months ended June 30, 2000.  These decreases were
the result of  reductions  in the  expenses  associated  with  certain  employee
incentive  plans.  Deposit  insurance  premiums  decreased  for  the  three  and
six-month  periods ended June 30, 2000 as compared to 1999 due to a reduction in
the rate at which the Bank was assessed by the FDIC for payments on  obligations
issued by the Financing  Corporation  ("FICO"),  a federal agency established to
finance takeovers of insolvent thrifts. Prior to December 31, 1999, institutions
with deposits  insured by the Savings  Association  Insurance Fund ("SAIF") were
assessed at five times the rate at which  institutions  with deposits insured by
the Bank Insurance Fund ("BIF") were assessed.  As a result of the  equalization
of  FICO  assessment  rates,  the  Bank's  FICO  assessment  was  reduced.  Data
processing  increased  $25,000  from  $155,000 for the six months ended June 30,
1999 to  $180,000  for the six months  ended  June 30,  2000.  Of the  six-month
increase in data processing, $9,000 occurred during the three months ending June
30, 2000. Other expense  increased $4,000 from $271,000 for the six months ended
June 30, 1999 to $275,000 for the six months  ended June 30, 2000 and  increased
$11,000  from  $135,000 for the three months ended June 30, 1999 to $146,000 for
the three  months  ended June 30,  2000.  Management  continues  its  attempt to
control its operating cost.

Other  comprehensive  income is composed of net  unrealized  gains and losses on
securities classified as available for sale in accordance with SFAS No. 115. For
the six  months  ending  June 30,  1999  and  2000,  the  Company  reported  net
unrealized  gains  (losses) on  securities,  net of tax expense  (benefits),  of
($183,000) and $16,000,  respectively.  These amounts were $(182,000) and $3,000
for the three months ended June 30, 1999 and 2000, respectively. The accumulated
other  comprehensive  income at June 30,  2000 was  ($407,000).  Even though the
Company's  mortgage-backed  securities  are  classified  as available  for sale,
management tends to hold these investments while principal paydowns are received
or until market  conditions  indicate  that it is  advantageous  for the sale of
selected securities.

LIQUIDITY  AND CAPITAL  RESOURCES.  The Company's  primary  sources of funds are
deposits, borrowings from the Federal Home Loan Bank and proceeds from principal
and interest payments on loans and mortgage-backed securities.  While maturities
and scheduled  amortization of loans are a predictable source of funds,  deposit
flows and mortgage prepayments are greatly influenced by general interest rates,
economic conditions and competition. The Company's primary investing activity is
loan originations.  The Company maintains liquidity levels adequate to fund loan
commitments,  investment opportunities,  deposit withdrawals and other financial
commitments.  The Company also had unfunded loan  commitments  of  approximately
$1.8 million.

At  June  30,  2000,  management  had no  knowledge  of any  trends,  events  or
uncertainties  that will have or are reasonably  likely to have material effects
on the liquidity,  capital resources or operations of the Company.  Further,  at
June 30, 2000,  management was not aware of any current  recommendations  by the
regulatory authorities that, if implemented, would have such an effect. The Bank
exceeded all of its capital requirements at June 30, 2000.

<PAGE>

PART II.  OTHER INFORMATION
          -----------------

Item 1.   Legal Proceedings
          -----------------

From time to time,  the Company and any  subsidiaries  may be a party to various
legal  proceedings  incident to its or their business.  At June 30, 2000,  there
were no legal proceedings to which the Company or any subsidiary was a party, or
to which of any of their property was subject, which were expected by management
to result in a material loss.

Item 2.   Changes in Securities and Use of Proceeds
          -----------------------------------------

          None

Item 3.   Defaults Upon Senior Securities
          -------------------------------

          None

Item 4.   Submission of Matters to a Vote of Security Holders
          ---------------------------------------------------

          The Annual Meeting of the  Stockholders of the Company was held on May
          15, 2000. The results of the vote on matters presented at the Meeting
          were as follows:

          The following individual was elected as director for a three-year
          term:


                                    VOTE FOR           VOTE WITHHELD
                                    --------           -------------

          Paul R. Wohlford           868,550                3,375

          There were no broker non-votes or abstentions.


Item 5.   Other Information
          -----------------
          None



<PAGE>


Item 6.   Exhibits and Reports on Form 8-K
          --------------------------------

<TABLE>
<CAPTION>

          The following exhibits are filed as a part of this report:

          <S>       <C>
          2.1/1/    Agreement and Plan of Merger dated as of July 18, 2000 by and
                    between Twin City Bancorp, Inc., Twin City Federal Savings Bank,
                    Citco Community Bancshares, Inc. and Citizens Bank.
          2.2/1/    Stock Option Agreement, dated as of July 19, 2000, between Twin City
                    Bancorp, Inc. and Citco Community Bancshares, Inc.
          3.1/2/    Charter of Twin City Bancorp, Inc.
          3.2/2/    Bylaws of Twin City Bancorp, Inc.
          4/2/      Form of Common Stock Certificate
          10.1/2/3/ Twin City Bancorp, Inc. Incentive Compensation Plan, as amended
          10.2/2/   Twin City Bancorp, Inc. Deferred Compensation Plan
          10.3/4/   Employment Agreements between Twin City Bancorp, Inc. and
                    Twin City Federal Savings Bank and Thad R. Bowers
          10.4/4/   Severance Agreements between Twin City Bancorp, Inc. and
                    Twin City Federal Savings Bank and Brenda N. Baer, Judith O. Bowers,
                    Robert C. Glover, Michael H. Phipps,  Joyce  C.  Rouse and
                    John M. Wolford
          10.5/2/   Twin City Federal Savings Bank Supplemental Executive Retirement Agreement
          10.6/4/   Twin City Bancorp, Inc. 1995 Stock Option and Incentive Plan
          10.7/4/   Twin City Bancorp, Inc. Management Recognition Plan
          27.1      Financial Data Schedule

</TABLE>

The Company did not file a current report on Form 8-K during the quarter covered
by this report.


----------
1 Incorporated  by reference to Company's  Current Report on Form 8-K filed July
  21, 2000.
2 Incorporated by reference to Company's  Registration Statement on Form S-1 No.
  33-84196
3 Incorporated by reference to Company's Quarterly Report on Form 10-QSB for the
  fiscal quarter ended March 31, 1995
4 Incorporated by reference to Company's Quarterly Report on Form 10-QSB for the
  fiscal quarter ended March 31, 1995


<PAGE>


                                   SIGNATURES




In accordance  with the  requirements  of the Exchange Act, the  registrant  has
caused this report to be signed on its behalf by the undersigned  thereunto duly
authorized.



                                    TWIN CITY BANCORP, INC.




Date: August 10, 2000               By /s/ Thad R. Bowers
                                       -------------------------
                                       Thad R. Bowers
                                       President and Chief Executive Officer
                                        (Principal Executive, Financial and
                                         Accounting Officer)