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 September 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 ninety days: Yes x  No
                                                                       ---   ---
         As of September 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 September 30, 2000

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

                    Consolidated  Statements of Cash Flows - (Unaudited) for the
                    nine-month periods ended September 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,  September 30,
                                                1999           2000
                                                ----           ----
                    Assets
                    ------
<S>                                          <C>           <C>
Cash and due from banks                      $  2,998      $  1,796
Interest-earning deposits                       2,277         4,226
Investment securities (amortized cost - $4
   and $4)                                          4             4
Loans receivable, net                          87,202        92,907
Loans held for sale                               172           549
Mortgage-backed securities (amortized
   cost - $17,759 and $17,898)                 17,075        17,392
Premises and equipment, net                     3,487         4,113
Real estate, net                                   85            83
Federal Home Loan Bank stock                      829           682
Interest receivable                               244           373
Other                                           1,638         1,811
                                             --------      --------








   Total assets                              $116,011      $123,936
                                             ========      ========
</TABLE>




                                             (continued on next page)

<PAGE>


<TABLE>
<CAPTION>
                                                       December 31,   September 30,
                                                          1999           2000
                                                          ----           ----
        Liabilities and Stockholders' Equity
        ------------------------------------

<S>                                                   <C>             <C>
Deposits                                              $   92,165      $   98,036
Federal Home Loan Bank advances                            8,850           8,975
Advance payments by borrowers for
   taxes and insurance                                       274           1,314
Accrued expenses and other liabilities                       436             530
Income taxes payable:
   Current                                                    69             178
   Deferred                                                  690             758
                                                       ---------       ---------
       Total liabilities                                 102,484         109,791
                                                       ---------       ---------

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
     September 30, 2000)                                   1,220           1,220
   Paid-in capital                                         7,003           7,065
   Retained earnings, substantially restricted             7,513           7,865
   Accumulated other comprehensive income (loss)            (423)           (314)
   Treasury stock, 98,042 shares, at cost                 (1,385)         (1,385)
   Unearned compensation:
     Employee stock ownership plan                          (359)           (306)
     Management recognition plan                             (42)             --
                                                       ---------       ---------
       Total stockholders' equity                         13,527          14,145
                                                       ---------       ---------

       Total liabilities and stockholders' equity     $  116,011      $  123,936
                                                       =========       =========

</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>
                                                  Nine Months Ended                    Three Months Ended
                                                    September 30                           September 30
                                            ---------------------------------     -----------------------------
                                                 1999                2000               1999               2000
                                                 ----                ----               ----               ----
<S>                                         <C>                <C>                 <C>                <C>
Interest income:
  Loan                                      $         5,401    $         5,628     $         1,854    $         1,956
  Mortgage-backed securities                            723                876                 241                288
  Investment securities                                  80                 47                  23                 15
  Interest-earning deposits                             128                 85                  29                 34
                                             --------------     --------------       -------------      -------------
   Total interest income                              6,332              6,636               2,147              2,293
                                             --------------     --------------       -------------      -------------

Interest expense:
  Deposits                                            2,795              3,317                 960              1,181
  Federal Home Loan
   Bank advances                                        327                375                 118                150
                                             --------------     --------------       -------------      -------------
    Total interest expense                            3,122              3,692               1,078              1,331
                                             --------------     --------------       -------------      -------------

    Net interest income                               3,210              2,944               1,069                962

Provision for loan losses                                80                 (5)                 --                 (6)
                                              -------------      --------------      -------------      --------------

    Net interest income after
     provision for loan losses                        3,130              2,949               1,069                968
                                              -------------      -------------       -------------      -------------

Non-interest income:
  Loan fees and service charges                         201                251                  69                 77
  Insurance commission and fees                          63                 47                  26                 17
  Gain on sale of loans                                 353                151                  85                 21
  Other                                                  29                 23                   9                  6
                                              -------------      -------------       -------------      -------------
   Total non-interest income                            646                472                 189                121
                                              -------------      -------------       -------------      -------------

Non-interest expense:
  Compensation and employee
   Benefits                                           1,315              1,239                 435                414
  Net occupancy expense                                 281                307                  96                108
  Deposit insurance premiums                             40                 15                  13                  5
  Data processing                                       238                262                  83                 82
  Other                                                 404                471                 133                196
                                             --------------     --------------       -------------      -------------
   Total non-interest expense                         2,278              2,294                 760                805
                                             --------------     --------------       -------------      -------------

                                                                                           (continued on next page)
</TABLE>

<PAGE>


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

<TABLE>
<CAPTION>
                                                  Nine Months Ended                    Three Months Ended
                                                    September 30                           September 30
                                            ---------------------------------     -----------------------------
                                                 1999                2000               1999               2000
                                                 ----                ----               ----               ----
<S>                                         <C>                <C>                 <C>                <C>
Income before income taxes                  $         1,498    $         1,127     $           498    $           284

   Income tax expense                                   594                455                 196                116
                                              -------------      -------------       -------------      -------------

Net income                                              904                672                 302                168

Other comprehensive income:
  Net   unrealized   gains   (losses)  on
  securities  available for sale,  net of
  tax expense  (benefit) of ($113) and $67
  respectively,  for the nine months ended
  September 30, 1999 and 2000, and ($113)
  and $57 for the three months ended
  September 30, 1999 and 2000                          (286)               109                (103)                93
                                             --------------      -------------       --------------     -------------

     Comprehensive income                   $           618    $           781     $           199    $           261
                                             ==============     ==============      ==============     ==============


  Basic net income per share                $          .81     $          .63      $          .27     $          .16
  Diluted net income per share              $          .78     $          .60      $          .26     $          .15

  Dividends paid per share                  $          .35     $          .30      $          .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>
                                                                                 Nine Months Ended September 30,
                                                                            ------------------------------------------
                                                                                    1999                 2000
                                                                                    ----                 ----

<S>                                                                             <C>                   <C>
Net cash provided (used) by operating activities                                $       1,535          $        563
                                                                                 ------------           -----------

Cash flows from investing activities:
   Maturities of investment securities                                                  1,000                    --
   Proceeds from sale of FHLB stock                                                        --                   186
   Principal payments on mortgage-backed securities                                     3,669                 2,342
   Purchase of mortgage-backed securities
     classified as available for sale                                                  (4,221)                   --
   Net decrease (increase) in loans originated                                         (8,952)               (4,734)
   Purchase of loans                                                                   (3,710)               (3,504)
   Premiums invested in life insurance                                                     (5)                   (6)
   Proceeds from sale of real estate                                                      121                    --
   Purchase of premises and equipment                                                    (374)                 (816)
                                                                                  -----------           ------------
       Net cash provided (used) by investing activities                               (12,472)               (6,532)
                                                                                  -----------           -----------

Cash flows from financing activities:
   Net increase (decrease) in deposits                                                  4,842                 5,871
   Increase in advance payments by borrowers
     for taxes and insurance                                                            1,111                 1,040
   Net proceeds from FHLB advances                                                      3,500                   125
   Dividends paid                                                                        (386)                 (320)
   Acquisition of treasury stock                                                         (952)                   --
                                                                                  -----------           -----------
       Net cash provided (used) by financing activities                                 8,115                 6,716
                                                                                  -----------           -----------

Net increase (decrease) in cash                                                        (2,822)                  747

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

Cash at end of period                                                           $       7,519          $      6,022
                                                                                 ============           ===========

Supplemental disclosures:
   Noncash investing and financing activities:
     Loans sold in exchange for mortgage-backed securities                      $       4,266          $      2,505
                                                                                 ============           ===========
     Foreclosed real estate                                                     $          --          $         96
                                                                                 ============           ===========

   Cash paid during the period for:
     Interest                                                                   $       3,138          $      3,716
                                                                                 ============           ===========
     Income taxes                                                               $         533          $        355
                                                                                 ============           ===========
</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
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 fort
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.

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

The Company's  total  consolidated  assets  increased  $7.9 million,  or 6.8% to
$123.9  million at September 30, 2000 from $116.0  million at December 31, 1999.
Net loans  receivable  increased

<PAGE>
$5.7 million or 6.5% from $87.2 million at December 31, 1999 to $92.9 million at
September 30, 2000. The Company  historically  sold a majority of its fixed-rate
originations  in the  secondary  market  servicing  retained  without  recourse.
However, with the impending merger, the volume of loans sold has decreased.  The
Company's  portfolio of  mortgage-backed  securities  increased $317,000 or 1.9%
from $17.1  million at December 31, 1999 to $17.4 million at September 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 increased $747,000 from $5.3 million at December
31, 1999 to $6.0 million at September 30, 2000.

Deposits increased $5.9 million, or 6.4% from $92.2 million at December 31, 1999
to $98.0 million at September 30, 2000 through the Company's  marketing  efforts
and ability to attract new deposits.  The Company's  borrowings from the Federal
Home Loan Bank were $9.0 million at September 30, 2000 and provide an additional
source of liquidity.  Outstanding  advances had increased $125,000 from December
31, 1999.

Stockholders'  equity has  increased  $620,000 or 4.6% from December 31, 1999 to
September 30, 2000. The Company posted  comprehensive income of $782,000 for the
nine months ended  September 30, 2000 while paying  dividends of $0.30 per share
of common stock,  or $320,000.  During the nine months ended September 30, 2000,
the Company  recognized  compensation  earned in the amount of $157,000 from the
Employee Stock Ownership Plan and the Management Recognition Plan. There were no
repurchases of common stock during the nine months ended September 30, 2000.


COMPARISON OF RESULTS OF OPERATIONS

Net income was $672,000 or $0.60 diluted  earnings per share for the nine months
ended  September  30, 2000  compared to $904,000 or $0.78  diluted  earnings per
share for the nine months ended  September 30, 1999.  For the three months ended
September 30, 2000, net income was $168,000 or $0.15 diluted  earnings per share
compared to $302,000 or $0.26  diluted  earnings  per share for the three months
ended  September 30, 1999. The decline in net income was  attributable  to lower
net interest income and non-interest income. The Company also had an increase in
non-interest  expense for certain  merger-related  expenses for  consulting  and
legal services.

Net  interest  income for the nine months  ended  September  30, 2000  decreased
$266,000 as compared to the nine months ended  September  30, 1999,  and for the
three months ended September 30, 2000 decreased  $107,000  compared to the three
months  ended  September  30, 1999.  The  decreases  are  directly  attributable
reductions  on the interest  rate spread for the three and nine month periods as
compared to the prior year.  The interest rate spread  decreased  from 3.47% for
the nine months  ended  September  30,  1999 to 3.12% for the nine months  ended
September 30, 2000 and decreased from 3.39% for the three months ended September
30, 1999 to 2.96% for the three months ended  September  30, 2000.  Net interest
margin  decreased  from 3.88% for the nine months  ended  September  30, 1999 to
3.45% for the nine months ended  September 30, 2000 and decreased from 3.78% for
the three  months ended  September  30, 1999 to 3.33% for the three months ended
September 30, 2000. The Company  continues to see its net interest  margin being
affected by the

<PAGE>
interest  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 14 basis points from 7.65% for the
nine  months  ended  September  30,  1999 to  7.79%  for the nine  months  ended
September 30, 2000 and increased 35 basis points from 7.58% for the three months
ended September 30, 1999 to 7.93% for the three months ended September 30, 2000.
The average balance of  interest-earning  assets was $110.3 million for the nine
months  ended  September  30, 1999 as  compared  to $113.6  million for the nine
months ended September 30, 2000.

The average cost on  interest-bearing  liabilities  increased from 4.18% for the
nine  months  ended  September  30,  1999 to  4.67%  for the nine  months  ended
September 30, 2000 and increased from 4.19% for the three months ended September
30, 1999 to 4.97% for the three months  ended  September  30, 2000.  The average
balance of  interest-bearing  liabilities  was $99.5 million for the nine months
ended September 30, 1999 as compared to $105.5 million for the nine months ended
September 30, 2000. The average  Federal Home Loan Bank  borrowings  outstanding
during the nine months ended  September 30, 2000  increased by $169,000 and as a
result interest expense increased by $48,000 when compared to 1999.

The provision for loan losses amounted to $80,000 and a recovery of $(5,000) for
the nine months ended September 30, 1999 and 2000, respectively,  and none and a
recovery of $(6,000)  for the three months  ended  September  30, 1999 and 2000,
respectively. The recoveries for the three and nine month periods are the result
of reductions in specific loan loss reserves  identified  for loans were brought
current.  For the nine months ended  September 30, 2000,  net  charge-offs  were
approximately  $6,000.  At September  30, 2000,  the  allowance  for loan losses
represented  296% of total loans past due more than ninety days. As of September
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  $204,000  was
adequate.

Non-interest  income decreased  $174,000 from $646,000 for the nine months ended
September 30, 1999 to $472,000 for the nine months ended  September 30, 2000 and
decreased by $68,000 for the three months ended  September  30, 2000 as compared
to the three months ended  September 30, 1999. This decrease was the result of a
reduction  in loan sale  activity  during both the three and nine month  periods
ending September 30, 2000. The Company historically sold certain fixed-rate loan
product in the secondary  market.  Under the merger  agreement,  the Company may
only sell loans which have been in the  portfolio  at least one year and may not
swap residential  mortgage loans for mortgage-backed  securities issued by FHLMC
without  Citco's  consent.  Gains  on the  sale  of  fixed-rate  mortgage  loans
recognized  for the nine  months  ended  September  30,  2000 were  $151,000  as
compared to $353,000 for the nine months  ended  September  30,  1999,  and were
$21,000 for the three months ended September 30, 2000 as compared to $85,000 for
the three months ended  September 30, 1999.  The Company saw an increase in loan
fees and service  charge  income during both the nine and three month periods of
2000.  For the nine  months  ended  September  30,  2000,  loan fees and service
charges  amounted to $251,000 as compared to $201,000  for the nine months ended
September 30, 1999, and amounted to $77,000 for the three months ended September
30, 2000 as compared to $69,000 for the three months ended  September  30, 1999.
Insurance  commissions and fees were $47,000 for the nine months ended September
30,
<PAGE>
2000 as compared to $63,000 for the nine months ended September 30, 1999 and was
$17,000 for the three months ended September 30, 2000 as compared to $26,000 for
the three months ended September 30, 1999.

Non-interest  expense  increased $16,000 for the nine months ended September 30,
2000  compared to the nine months ended  September  30,  2000,  and $45,000 from
$760,000 for the three months ended September 30, 1999 to $805,000 for the three
months ended September 30, 2000.  Compensation and employee  benefits  decreased
$76,000 from $1.3 million for the nine months ended  September  30, 1999 to $1.2
million for the nine months ended September 30, 2000, and decreased $21,000 from
$435,000 for the three months ended September 30, 1999 to $414,000 for the three
months ended  September 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  nine-month  periods  ended
September  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  $24,000 from $238,000 for the nine months ended September
30, 1999 to $262,000 for the nine months ended September 30, 2000. Other expense
increased  $67,000 from $404,000 for the nine months ended September 30, 1999 to
$471,000 for the nine months ended September 30, 2000 and increased $63,000 from
$133,000 for the three months ended September 30, 1999 to $196,000 for the three
months ended  September 30, 2000.  For the nine months ended  September 30, 2000
the  Company  had  incurred   additional   legal  and  consulting   expenses  of
approximately $51,000 as a result of the pending merger.

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 nine months  ending  September 30, 1999 and 2000,  the Company  reported net
unrealized  gains  (losses) on  securities,  net of tax expense  (benefits),  of
$(286,000) and $109,000, respectively. These amounts were $(103,000) and $93,000
for the three  months  ended  September  30,  1999 and 2000,  respectively.  The
accumulated  other  comprehensive  income at September 30, 2000 was  $(314,000).
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

<PAGE>
Company also had unfunded loan commitments of  approximately  $2.1 million which
includes loans in process and new loans.

At September  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
September 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 September 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 September  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
          ---------------------------------------------------

          None.

Item 5.   Other Information
          -----------------

          None



<PAGE>


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

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

         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 Agreement 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 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

The Company  filed a current  report on Form 8-K during the  quarter  covered by
this report on July 21, 2000 to disclose  under Item 5 the agreement and plan of
merger with Citco Community Bancshares, Inc.


_________________
/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 June 30, 1995
/4/  Incorporated by reference to Company's  Quarterly Report on Form 10-QSB for
     the fiscal quarter ended March 31, 1995


<PAGE>


                                   SIGNATURES




Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.



                                      TWIN CITY BANCORP, INC.




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