SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 10-K

Annual Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934





|For the Fiscal Year Ended December 31, 2000 | Commission File
|------------------------------------------- | ---------------
|                                            | Number 2-84047 

Peoples Bancshares of Pointe Coupee Parish, Inc.
(Exact name of registrant as specified in its charter)



|Louisiana                                | 72-0995027         
|---------------------------------------- | -------------------
|(State or other jurisdiction of          | (I.R.S. Employer   
|incorporation or organization)           | Identification No.)
|                                         |                    
|                                         |                    
|805 Hospital Road                        | 70760              
|New Roads, Louisiana                     | (Zip Code)         
|(Address of principal executive offices) |                    

Registrant's Telephone Number, including area code:   (225) 638-3713



Securities registered pursuant to Section 12(b) of the Act:  None  
Securities registered pursuant to Section 12(g) of the Act:



Common Stock, $2.50 Par Value
(Title of Class)



Indicate by check mark whether the registrant:  (1) has filed all reports  required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934  during the preceding 12
months (or for such shorter period that the registrant was  required to file such reports), and (2) has been subject to such filing requirements  for the past 90 days.

YesX  No

State the aggregate market value of the voting stock held by nonaffiliates of the
registrant:  $8,142,150

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

Common stock, $2.50 Par Value, 308,977 shares outstanding as of March 31, 2001.

---



Documents Incorporated by Reference

Document                                           
                       Part of Form 10-K

"Consolidated Financial Statements for                        Part I and Part II
   Years Ended December 31, 2000, 1999 and
   1998 and Independent Auditors' Report"

Item 1   Business

Peoples Bancshares of Pointe Coupee Parish, Inc. (the Corporation) was  incorporated under the laws of the State of Louisiana in 1983.  On December 9, 1983,  Peoples Bank and Trust Company (the Bank) was
reorganized as a subsidiary of the  Corporation.  Prior to December 9, 1983, the corporation had no activity.  The Corporation is currently engaged, through its subsidiary, in banking and related  business.  The Bank is the Corporation's principal asset
and primary source of income.

The Bank

The Bank incorporated under the State Banking Laws in 1979 and received its  charter on March 31, 1980.  It is in the business of gathering funds by accepting  checking, savings, and other time-deposit accounts and
reemploying these by making  loans and investing in securities and other interest bearing assets.  The Bank is a  full service commercial bank.  Some of the major services which it provides include  checking, NOW accounts, money market investments, money
market checking, savings and  other time deposits of various types, loans for business, agriculture, real estate,  personal use, home improvement, automobile, and a variety of other types of loans and  services including letters of credit, safe deposit
rental, bank money orders, cashiers  checks, credit cards, and wire transfers.

The State of Louisiana and various agencies of Parish (County) Government  deposits public funds with the Bank.  As of December 31, 2000, $3,376,491 were on  deposit representing 8.79% of total deposits outstanding.  Of
this total, $1,397,219  represented demand deposits, $1,859,143 were time deposits and $120,129 were savings

The Bank's general and primary market area is in Pointe Coupee Parish which has a  population of approximately 25,000.  Population of Pointe Coupee has experienced  little growth since inception of the bank.

The Bank faces keen competition from three other banks operating in nine  locations throughout the parish.  The largest bank in the parish as of December 31,  2000 was Regions Bank of Alabama, New Roads Branch, which had
in excess of $40 billion  in assets nationwide. Regions Bank of Alabama acquired the former Bank of New Roads in  August of 1994, and it operated as a separate bank until the summer of 1995, at which  time it was merged into the Regions Bank of Louisiana
system.  Regions Bank of  Louisiana was merged into Regions Bank of Alabama during 1998.  The other banks  operating in Pointe Coupee are Guaranty Bank and Trust Company which had total assets  of approximately $43 million as of December 31, 2000 and
Cottonport Bank, which opened  a branch in 1998 with assets of approximately $190 million on December 31, 2000.  Additional competition for deposits and loans comes from banks and non-banks (credit  unions, brokerage houses, etc.) in Baton Rouge, the
capital city of Louisiana, which  is 35 miles from New Roads.

Supervision and Regulation

The Bank is subject to regulation and regular examinations by the State  Banking  Department and by the Federal Deposit Insurance Corporation.  Applicable regulations  relate to reserves, investments, loans, issuance of
securities, establishment of  branches and aspects of its operations.

The Corporation is a bank holding company within the meaning of the Bank  Holding  Company Act of 1956, as amended (the Act), and is thereby subject to the provisions of  the Act and to regulation by the Board of
Governors of the Federal Reserve System (the  Board).

---

The Act requires the Corporation to file with the Board an annual report  containing such information as the Board may require.  The Board is authorized by the  Act to examine the Corporation and all its activities.  The
activities that may be  engaged in by the Corporation and its subsidiary are limited by the Act to those so  closely related to banking or managing or controlling banks, the Board must consider  whether its performance by an affiliate of a holding company
can reasonably be  expected to produce benefits to the public, such as greater convenience, increased  competition or gains in efficiency that out-weigh possible adverse effects, such as  undue concentration of resources, decreased or unfair competition,
conflicts of  interest, or unsound banking practices. The Board has adopted regulations implementing  the provisions of the Act with respect to the activities of bank holding companies.  Such regulations reflect a determination by the Board that the
following activities  are permissible for bank holding companies:  (1) making, for its own account or for  the account of others, loans such as would be made, for example, by a mortgage,  finance or factoring company; (2) operating as an industrial bank;
(3) servicing  loans; (4) acting as a fiduciary; (5) acting as an investment trust or a real estate  investment trust; (6) leasing personal or real property, where the lease is to serve  as the functional equivalent of an extension of credit to the lessee
of the property;  (7) investing in community welfare corporations or projects; (8) providing bookkeeping  and data processing services for a bank holding company and its subsidiaries, or  storing and processing certain other banking, financial or related
economic data; (9)  acting as insurance agent or broker with respect to certain kinds of insurance,  principally insurance issued in connection with extensions of credit by the holding  company or any of its subsidiaries; (10) underwriting credit life and
credit accident  and health insurance related to extensions of credit; (11) providing courier services  for documents and papers related to banking transactions; (12) providing management  consulting advice to non-affiliated banks; and (13) selling money
orders, travelers  checks and U.S. Savings Bonds.  In each case, the Corporation must secure the approval  of the Board prior to engaging in any of these activities.

Whether or not a particular non-banking activity is permitted under the  Act, the  Board is authorized to require a holding company to terminate any activity, or divest  itself of any non-banking subsidiary, if in its
judgement the activity or subsidiaries  would be unsound.

Under the Act the Board's regulations, a bank holding company and its  subsidiaries are prohibited from engaging in certain tie-in arrangements in  connection with any extension of credit or provision of any property or
services.

The Board of Directors of the Corporation has no present plans or intentions to  cause the Corporation to engage in any substantial business activity which would be  permitted under the Louisiana Act but which is not
permitted to the Bank; however, a  significant reason for formation of the one-bank holding company is to take advantage  of the additional flexibility afforded by that structure if the Board of Directors of  the Corporation concludes that such action
would be in the best interest of  stockholders.

With certain exceptions, the Bank is restricted by Sections 22 and 23A of the  Federal Reserve Act and Section 18(j) of the Federal Deposit Insurance  Corporation  Act from extending credit or making loans to or investments in
the Corporation.

Statistical Information

The following tables contain additional information concerning the business and  operations of the Registrant and its subsidiary and should be read in conjunction with  the Consolidated Financial Statements of the Registrant
and Management's Discussion  and Analysis of Operations.

---



I.           Distribution of Assets, Liabilities and Stockholders' Equity

|(In Thousands)                                                              
|----------------------------------------------------------------------------
|                                                                            
|                                                                            
|                                                                            
|                                                                            
|Assets                                                                      
|Interest earning assets                                                     
|Loans and Leases                                                            
|Taxable securities                                                          
|Tax exempt securities
 (tax equivalent yields)                              
|Federal funds sold and 
 time deposits with
other banks                     
|                                                                            
|Total interest earning assets                                               
|                                                                            
|                                                                            
|Non-interest earnings assets:                                               
|Cash and due from banks                                                     
|Bank premises and equipment                                                 
|Other assets                                                                
|Allowance for Loan Losses                                                   
|                                                                            
|Total assets                                                                
|                                                                            
|LIABILITIES AND
 STOCKHOLDERS' EQUITY                                       
|Interest bearing Liabilities:                                               
|Deposits                                                                    
|Savings account                                                             
|NOW accounts                                                                
|Money market
   investment accounts                                         
|Other time deposits                                                         
|Federal funds purchased and
 securities sold under agreements
 to repurchase
|Other borrowed funds                                                        
|                                                                            
|Total interest bearing                                                      
|                                                                            
|Liabilities                                                                 
|Non-interest
    bearing Liabilities and stockholders' equity:              
|Demand deposits                                                             
|Other Liabilities                                                           
|Stockholders' equity                                                        
|                                                                            
|Total Liabilities and
stockholders' equity                                  
|                                                                            
|Net interest income                                                         
|                                                                            
|Margin Analysis                                                             
|Interest Income/earnings assets                                             
|Interest Expense/earnings assets                                            
|Net interest income/earnings assets                                         
|                                                                            



---



|                                   | 2000 Compared with 1999 
Variance due to | 1999 Compared with 1998 
Variance due to
|---------------------------------- | ---------------------------------------- | ----------------------------------------
|                                   |                                          |                                         
|                                   | Volume                                   | Rate                                    
|INTEREST INCOME                    |                                          |                                         
|Loans                              | $442                                     | 65                                      
|Taxable securities                 | 18                                       | 1                                       
|Tax exempt securities              | (4)                                      | -                                       
|Federal funds sold                 | (57)                                     | 27                                      
|                                   | ____                                     | ____                                    
|Total interest earning assets      | 399                                      | 93                                      
|                                   | ____                                     | ____                                    
|                                   |                                          |                                         
|INTEREST EXPENSE                   |                                          |                                         
|Savings accounts                   | (30)                                     | 12                                      
|NOW accounts                       | (29)                                     | 177                                     
|Money market                       | 20                                       | (29)                                    
|Other time deposit                 | 21                                       | 159                                     
|Federal funds purchased            | 10                                       | -                                       
|Other borrowed funds               | 110                                      | 1                                       
|                                   | ____                                     | ____                                    
|Total interest bearing liabilities | 102                                      | 320                                     
|                                   | ____                                     | ____                                    
|                                   |                                          |                                         
|Net interest income                | $      297                               | (227)                                   
|                                   | ======                                   | ====                                    





|                                                                      | 2000        | 1999       
|--------------------------------------------------------------------- | ----------- | -----------
|US Treasury Securities
And obligations of other
Governmental entities | $ 5,046,013 | $ 3,880,668
|Mortgage - backed securities                                          | 480,452     | 1,103,345  
|                                                                      | _________   | _________  
|                                                                      | $ 5,526,465 | $ 4,984,013
|                                                                      | ========    | ========   



|For year ended December 31, 2000                   |                                         |                      |                   |                     
|-------------------------------------------------- | --------------------------------------- | -------------------- | ----------------- | --------------------
|                                                   |                                         |                      |                   |                     
|Scheduled Maturity                                 | Gov't Agencies
& Mtg. backed Securities | Municipal Securities | Total Amort. Cost | TotalFair Mkt. Value
|Within one year                                    | $ 1,720,415                             | $     40,533         | $1,760,948        | $ 1,766,662         
|Greater than one but within five years             | 3,048,012                               | 50,182               | 3,098,194         | 3,088,572           
|Greater than five but within ten years             | --                                      | 98,690               | 98,690            | 101,266             
|Greater than ten years                             | 151,315                                 | 401,128              | 552,443           | 569,965             
|                                                   | ________                                | _______              | _________         | _________           
|                                                   | $ 4,919,742                             | $ 590,533            | $ 5,510,275       | $ 5,526,465         
|                                                   | =======                                 | =======              | ========          | ========            
|Percent of Portfolio 
   (based on amortized cost) | 89.28%                                  | 10.72%               |                   |                     
|                                                   | =====                                   | ======               |                   |                     
|                                                   |                                         |                      |                   |                     
|Weighted-average Yield                             |                                         |                      |                   |                     
|(based on amortized cost)                          | 6.09%                                   | 5.66%                |                   |                     
|                                                   | =====                                   | ======               |                   |                     



---



III.    Loan Portfolio

Major Classification of loans are summarized as
follows:

|                        | (in thousands)
|----------------------- | --------------
|For year ended Dec. 31, | 2000          
|Real Estate             | $5,785        
|Commercial              | 16,216        
|Agricultural            | 7,082         
|Individual              | 7,190         
|Other                   | 389           
|                        | _____         
|TOTAL LOANS:            | 36,662        
|Less Unearned Discount  | --            
|                        | _____         
|Net Loans               | 36,662        



|Loan Analysis of Principal Subject to Rate Change
December 31, 2000
|-------------------------------------------------------------------
|                                                                   
|                                                                   
|1.  Commercial, Financial,                                         
|Agricultural, Real Estate,                                         
|Consumer and Other                                                 
|Average Rate                                                       

Non-performing Loans and Other Problem Assets

It is management's policy to discontinue accrual of interest on loans where there
is reasonable doubt as to collectibility.   The policy to place loans on non-accrual
status is to normally discontinue accrual of interest when the loan is delinquent 90
days or more, or where circumstances indicate that collection of principal or interest
is doubtful, unless the obligation is secured (1) by mortgage on real estate or pledge
of securities that have a realizable value sufficient to pay the debt in full; or (2)
by guarantee of a financially responsible party.  The following tables presents the
non-performing loans and other problem assets at December 31, 2000 and 1999.  Assets
acquired through the default of loans are recorded at the lower of the outstanding
loan amount or fair market value of the assets acquired at the time of foreclosure.
Reductions from outstanding loan amounts to fair market value are charged against the
reserve for possible loan losses.  Subsequent adjustments to market valuations are
charged to operating expense.



|                        | 2000     | 1999    
|----------------------- | -------- | --------
|                        |          |         
|NON-ACCRUAL LOANS       | $215,473 | $315,579
|Restructured Loans      | 89,282   | 89,282  
|Other Real Estate       | 129,722  | 144,522 
|                        | _______  | _______ 
|TOTAL NON-ACCRUAL & ORE | $434,477 | $549,383
|                        | ======   | ======  



---



Loans Over 90-days past due and still accruing interest:

|                   | 2000        | 1999     
|------------------ | ----------- | ---------
|                   |             |          
|Commercial         | $   308,608 | $ 117,467
|Agriculture        | 164,843     | 0        
|Student            | 10,196      | 10,622   
|Consumer           | 724,221     | 0        
|Real Estate        | 0           | 281,310  
|                   | _________   | _______  
|TOTAL OVER 90-DAYS | $ 1,207,868 | $ 409,399
|                   | ========    | =======  

The effect of non-accruing loans on interest income for 2000 was $24,723. The  effect of restructured loans on interest income for 2000 was $2,268.

At December 31, 2000, there were no commitments to lend additional funds to  debtors whose loans were considered to be non-performing.

All loans listed above are subject to constant attention by management and their progress is reviewed monthly.

At the present time, management does not track loan concentrations by particular industries, but rather by the grouping of types of loan, i.e., Agriculture, Real  Estate, Consumer and Commercial. We attempt to avoid any undue
concentration
in any particular sector.

IV.   Summary of Loan Loss Experience

Changes in the allowance for loan losses were as follows:

|                                | 2000     | 1999    
|------------------------------- | -------- | --------
|                                |          |         
|Balance, January 1,             | 801,545  | 852,171 
|Provision charged to Operations | 0        | (57,629)
|Loans charged off               | (37,871) | (33,424)
|Recoveries                      | 61,663   | 40,427  
|                                | ______   | ______  
|Balance December 31,            | 825,337  | 801,545 
|                                | ======   | ======  

In determining the adequacy of the loan loss reserves, management uses the
following formulas:  100% of loans classified loss, 50% of doubtful loans, 5% of
substandard loans, 0% of savings loans and government guaranteed loans and 1.5% of all
other loan types.  This analysis is performed on a quarterly basis.

V.   Deposits

Deposits are summarized below:

|                         | December 31,
|------------------------ | ------------
|                         | 2000        
|                         |             
|Demand deposits accounts | $ 7,079,628 
|NOW accounts             | 6,754,120   
|Savings accounts         | 5,340,615   
|Time accounts            | 19,231,708  
|                         | __________  
|                         | $38,406,071 
|                         | =========   

Included in deposits are approximately $6,960,000 and $4,383,000 of certificates of deposit in excess of $100,000 at December 31, 2000 and 1999, respectively.

---



Certificate of Deposit Maturity and Rate Analysis

As of December 31, 2000:

|                              | 0-90       | 91-364     | 1 Year     | Over   
|----------------------------- | ---------- | ---------- | ---------- | -------
|                              | Days       | Days       | 5 Years    | 5 Years
|                              |            |            |            |        
|Total Certificates of Deposit | $6,700,285 | $9,655,846 | $2,875,577 | $  -0- 
|Average Rate                  | 6.01%      | 6.41%      | 6.31%      | ---    



VI.   Return on Equity and Assets

|ITEM 1:                | 2000 |  | 1999
|---------------------- | ---- |  | ----
|                       |      |  |     
|Return on assets       | 2.1  |  | 2.2 
|Return on equity       | 11.8 |  | 15.2
|Dividend payout ratio  | .3   |  | .3  
|Equity to assets ratio | 17.5 |  | 14.5
|                       |      |  |     

1. Short-Term Borrowings

The bank has established a line-of-credit for approximately $9,000,000 with the Federal Home Loan Bank (FHLB) to provide an additional source of operating capital.  The current advances, which totalled $2,371,900 and $1,000,000
at December 31, 2000 and 1999, respectively, bore interest at variable rates ranging from 5.47% to 6.00%.

This line of credit is secured by $402,700 of FHLB stock owned by the Bank and all wholly-owned residential (1-4 units) first mortgage loans.

ITEM 2:   Properties

The main office of the Corporation and Bank are presently located in a two-story

ITEM 3:   Legal Proceedings

There is no threatened or pending litigation against the Corporation, the Bank, or its officers.

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

No matters were submitted to a vote of security holders during the fourth quarter of the fiscal year covered by this report.



PART II

ITEM 5:   Market Price Dividends on the Registrant's Common Equity and

The primary market area for the Corporation stock is Pointe Coupee Parish with Peoples Bank and Trust Company acting as registrar and transfer agent. There were approximately 575 shareholders of record as of December 31, 2000.
The stock of the Corporation is not listed on any security exchange.



---



Due to lack of an active trading market, the Corporation does not have available

In March 2000 Peoples Bancshares declared a special dividend of $.50 per share to all stockholders of record as of March 31, 2000, totaling $154,488.   Additionally, In December of 2000, Peoples Bancshares declared a dividend
of $.45 per share to all stockholders of record as of November 10, 2000, totaling $139,040.

Management, will for the foreseeable future, approach the payment of dividends on an annual basis and according to the profitability of the bank in that particular year, as well as considering the long-term capital needs of the
bank in the future.



ITEM 6:      Selected Financial Data

|                                            |           |             |             |           |          
|------------------------------------------- | --------- | ----------- | ----------- | --------- | ---------
|Condensed Consolidated Statement of Income 
|                                            |           |             |             |           |          
|For Year Ended Dec. 31,                     | 2000      | 1999        | 1998        | 1997      | 1996     
|Interest Income                             | 3,879,873 | 3,387,916   | 3,465,179   | 3,371,808 | 3,268,130
|Interest Expense                            | 1,513,905 | 1,091,748   | 1,131,970   | 1,139,117 | 1,115,370
|                                            |           |             |             |           |          
|Net Interest Income                         | 2,365,968 | 2,296,168   | 2,333,209   | 2,232,691 | 2,152,760
|Credit (Provisions) for                     |           |             |             |           |          
|Loan Losses                                 | -0-       | 57,629      | 46,000      | -0-       | 32,000   
|                                            |           |             |             |           |          
|Other non-interest
 income and expenses net | (978,898) | (1,049,184) | (1,004,289) | (853,166) | (836,731)
|                                            |           |             |             |           |          
|Income Tax                                  |           |             |             |           |          
|(Expense) benefit                           | (472,658) | (416,321)   | (452,387)   | (465,439) | (442,004)
|Net Income (Loss)                           | 914,412   | 888,292     | 922,533     | 914,086   | 906,025  
|                                            |           |             |             |           |          
|Per Share:                                  |           |             |             |           |          
|Net (Income)                                | $2.96     | $2.88       | $2.99       | $2.96     | $2.94    
|                                            |           |             |             |           |          
|Cash Dividend                               | $293,528  | $262,430    | $262,288    | $200,575  | $200,575 
|Book Value-End of Year                      | 26.35     | 24.08       | 22.41       | 20.21     | 17.90    
|                                            |           |             |             |           |          
|Selected Ratios                             |           |             |             |           |          
|Loans to Assets                             | 74.40     | 77.70       | 71.17       | 71.52     | 58.69    
|Loans to Deposits                           | 95.46     | 99.64       | 87.83       | 85.47     | 68.51    
|Deposits to Assets                          | 77.94     | 77.98       | 81.03       | 83.69     | 85.66    
|Capital to Deposits                         | 21.20     | 24.27       | 20.85       | 18.95     | 16.36    



ITEM 7:   Management Discussion and Analysis of Financial Condition

Peoples Bancshares of Pointe Coupee Parish, Inc., (Bancshares) is a one bank holding company whose sole subsidiary is Peoples Bank and Trust Company of Pointe Coupee Parish, Inc., (the Bank).  All items discussed below are
attributable to the activities of the Bank unless otherwise stated.  This section should be read in conjunction with the consolidated financial statements and related notes and the tables presented in an earlier section of this report.

---



FINANCIAL REVIEW

Summary

Bancshares consolidated net income for 2000 was $914,412.  This represents a Return on Average Assets of 2.07%, which we believe is a good return.  This is in comparison to 2.26% for 1999 and 2.27% in 1998.

Several factors contributed to this continued success.  The most important factors were: 1) good interest rate margins; 2) a low level of classified assets; and 3) elimination of loan loss provisions.

In 2000, charge-offs were $37,871 as compared to $33,424 in 1999.  Recoveries for 2000 were $61,663 and provisions were -0-.  Provisions for 1999 were ($57,629) and recoveries were $40,427.

The prospects for 2001 remain encouraging.  The bank continues to note financial

However, we still remain conservative in our view of the economy and current

Other Income and Expenses

Other Income, excluding loan related income, increased $ 96,793 or 16.39% in 2000 as compared to 1999. The increase was due to a difference in fee income and rental income.

Other expenses, excluding interest expense increased by $26,507 or 1.62% in 2000 as compared to 1999.  Salaries and employee benefits increased $10,235 or 1.15%.

Income Taxes

Bancshares files a consolidated federal income tax return.  Deferred income taxes are provided using the liability method on items of income or expenses recognized in different time periods for financial statement and income
tax purposes.

Statement of Condition

Total deposits as of December 31, 2000 increased $7,743,606 or 25.25% as compared to year end 1999.  Non-interest bearing deposits increased $1,390,120 or 24.43% and interest bearing deposits increased $6,353,486 or 25.44%.
Total loans excluding loan reserves increased $6,110,160 or 20.0% and cost of investment securities increased $419,925 or 8.25%.  The increase in loans was concentrated primarily in commercial loans.

Liquidity Management

The purpose of liquidity management is to assure the corporation's ability, at an

In management's opinion, there are no known trends, commitments or uncertainties that will or should have a material effect on deposits or the liquidity position.  Additionally, no trends or events were cited by the regulatory
authorities.

---

Capital Adequacy

The management of capital is a continuous process which consists of providing capital for the current position and the anticipated future growth of the Corporation.  The purposes of capital are to serve as a source of funds,
protect depositors against losses, and provide a measure of reassurance to the public that the community's needs will continue to be served.  Since capital serves a multiplicity of purposes, the evaluation of capital adequacy cannot be made solely in
terms of total capital or related ratios.

Traditionally, the source of additional capital has been retained earnings.  Due to strong earnings from 1990 - 2000, and large recoveries of charged-off loans, our capital ratio is at an acceptable level.  As such, retained
earnings should continue to provide needed capital.  Additionally, we will concentrate on the following to provide for our capital needs:

> 1.   Increase non-interest income and reduce non-interest expenses
>     2.   Maintain an adequate interest rate spread
>     3.   Actively pursue previous charged-off loans for recoveries
>     4.   Manage our growth rate

Furthermore, the prospects for 2001 continue to be encouraging.  Our capital base

ECONOMIC CONDITIONS

Current economic conditions are slightly above average compared to the previous (5) five years, but are certainly not great.  Our asset/liability management strategy helped produced good margins in 2000.  However, our
strategies remain conservative; therefore, we are positioned as interest rates continue to fluctuate.

Item 8:    Financial Statements  (following on next pages)

Item 9:    Changes in and Disagreements with Accountants on Accounting and

None

---

PART   III

Item 10:    Directors and Executive Officers

Directors of Bancshares are identified in the following table:



|                                                                                            | Age | Type of Stock
 Ownership | Amount 
Owned  | Percent of
 Total
|------------------------------------------------------------------------------------------- | --- | ------------------------ | -------------- | -----------------
|Name                                                                                        |     |                          |                |                  
|Principal Occupation                                                                        |     |                          |                |                  
|                                                                                            |     |                          |                |                  
|Joseph Jefferson David                                                                      | 81  | Direct                   | 30,638         | 9.916            
|                                                                                            |     |                          |                |                  
|Stephen P. David                                                                            | 43  | Direct                   | 4,522          | 1.464            
|President and CEO of Peoples
 Bancshares of Pointe Coupee and
 Peoples Bank & Trust Company |     | Indirect                 | 19,557         | 6.330            
|                                                                                            |     |                          |                |                  
|Frank Ned Foti                                                                              | 65  | Direct                   | 24,561         | 7.949            
|                                                                                            |     |                          |                |                  
|C. E. Hebert, III                                                                           | 57  | Direct                   | 5,588          | 1.809            
|                                                                                            |     |                          |                |                  
|Junies W. Hurst                                                                             | 89  | Direct                   | 3,888          | 1.258            
|                                                                                            |     |                          |                |                  
|Clyde Walker Kimball                                                                        | 59  | Direct                   | 5,014          | 1.623            
|                                                                                            |     |                          |                |                  
|Camille N. Laborde                                                                          | 73  | Direct                   | 5,028          | 1.627            
|                                                                                            |     |                          |                |                  
|Norris A. Melancon, Jr.                                                                     | 73  | Direct                   | 20,491         | 6.632            
|                                                                                            |     |                          |                |                  
|Thomas W. Montgomery, III                                                                   | 61  | Direct                   | 3,588          | 1.161            
|                                                                                            |     |                          |                |                  
|Joseph Major Thibaut .                                                                      | 47  | Direct                   | 600            | 194              
|                                                                                            |     | Indirect                 | 1,000          | .324             
|                                                                                            |     |                          |                |                  
|Rodney Fontaine                                                                             | 49  | Direct                   | 500            | 162              
|                                                                                            |     | Indirect                 | 1,960          | 634.             
|                                                                                            |     |                          |                |                  
|Maurice Picard                                                                              | 53  | Direct                   | 400            | 129              
|                                                                                            |     |                          | ______         | ______           
|All Directors and Principal
 Officers as a Unit (12 Persons)                                |     | Direct
Indirect          | 104,818
22,517 | 33.924
7.288     



---



MANAGEMENT OF THE BANK AND BANCSHARES

Employees

On December 31, 2000, there were twenty full time employees.  This includes the officers of the Corporation and Bank listed below:



|Officers          
|------------------
|Name              
|                  
|Stephen P. David  
|                  
|Joyce A. York     
|                  
|R. Blain Houston  
|                  
|Robin Cashio      
|                  
|Kenneth R. Ramagos
|                  
|Melissa Laborde   
|                  
|Mary Posey        
|                  
|Annie LeBlanc     

Ms. York has been with Peoples Bank since inception.  Mr. David was elected an officer of the Bank in December of 1983.

Stephen P. David, Director, CEO, and President of Bancshares and the Bank, age 43. Mr. David joined the Bank on August 3, 1981 and has held many positions, including, Loan Officer; Assistant Vice President; Senior Loan Officer;
Senior Vice-President and Assistant Secretary to the Board of Directors prior to being named to his current post on February 1, 1990.

Bancshares was formed in 1983 and became the Bank's sole shareholder on December 27, 1983, at which time all directors of the Bank became directors of Bancshares.  Dates prior to that time reflects service as a Director of the
Bank.

Joseph Jefferson David is the father of Stephen P. David.



---



Item 11:      Executive Compensation

> a)  Remuneration of Directors and Officers:

All Executive Officers (President David & Senior Vice President York) had direct cash compensation of $206,420, $200,920, and $181,400 excluding board fees, but including bonuses  in 2000, 1999, and 1998, respectively.

On September 17, 1981, the Board of Directors of the Bank approved a profit sharing plan which conforms to the Internal Revenue Code, Section 401(a).  All employees who have been employed by the Bank for a period of six months
or more; who are 25 years of age; and who have at least 1,000 hours of service annually may participate in the profit sharing plan.  No contributions were made to the plan in 2000.

In January 1990 the Board of Directors approved a 401(k) savings plan which conforms to the Internal Revenue Code.  All employees who have been employed by the  bank for a period of six months or more were eligible to
participate in the plan. Contributions by the bank in 2000 totaled $16,695.  The accrued amount at year end totaled $533,821.46.

The Bank has a deferred compensation plan available to its directors.  At present only two directors are participating.  Upon retirement, the Bank will pay the directors their deferred compensation plus interest, which accrues
at the "low Wall Street rate", in 15 equal annual installments beginning the month after retirement. Upon pre-retirement death, the bank will pay his designated beneficiaries the greater of $8,400 a year for 15 years or his deferred compensation and
accrued interest.  The bank is the owner and beneficiary of an insurance policy on the life of each director.

> The Bank also maintains a supplemental executive retirement plan with its

The Board of Directors of Bancshares held twelve (12) regular scheduled meetings during 2000.  The Board of Directors of the Bank held twelve (12) regularly scheduled meetings.  The Bank has a personnel committee which met one
(1) times during 2000, and a loan committee which met sixteen (16) times during the year.  The Board of Directors held no special meeting during 2000.  The Bank also has an audit committee and executive committee which did not meet during 2000.

> The Board of Directors of Bancshares and the Bank do not have a nomination

Directors of Bancshares receive no remuneration for serving in that

Item 12:      Security Ownership of Certain Beneficial Owners and

As of March 31, 2001, Peoples Bancshares had authorized 1,000,000 shares of common stock and of this amount, 308,977 shares were outstanding.  Additionally, as of this date, Peoples Bancshares had authorized but unissued
500,000 shares of Series A Preferred stock and 500,000 shares of Series B Preferred stock.

As of March 31, 2001 the management of Bancshares knew of no other person  or group that owned 5% or more of the outstanding stock of Bancshares other than Mr. N. A. Melancon, Jr., with 20,491 shares representing 6.632%; Mr.
Frank N. Foti with 24,561 shares representing 7.949%; Mr. J. Jeff David with 30,638 shares representing 9.916% and William C. David* with 19,477 shares representing 6.304%.

*William C. David has granted a Proxy Authority to his brother, Stephen P. David.



---

Item 13:      Certain Relationships & Related Transactions

> b)  Transactions with Management:
> 
> From time to time the Bank has extended credit to its Officers and Directors

At no time in 2000 did these transactions exceed 10% of the equity capital,

All directors and officers as a group had total loans outstanding at year

PART   IV



Item 14:      EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

> A.      (1) Financial Statements
>     The financial statements are listed under Part II, Item 8 of this Report
> (2) Financial Statement Schedules
> The financial statement schedules are listed under Part II, Item 8 of

B.       Reports on Form 8-K

> None

C.  Exhibits

> None

---



Signatures

Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the under signed, thereunto duly authorized.



> PEOPLES BANCSHARES OF POINTE COUPEE
>                    PARISH, INC.



> By: /s/ Joseph M. Thibaut, Sr.
> _________________________________
>                                      Joseph M. Thibaut, Sr.
>                                      Chairman



Pursuant to the Requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the Registrant and in the capacities and on the dates indicated:

|/s/ Joseph Jefferson David
________________________________ 
Joseph Jefferson David
Director        | /s/ Clyde Walker Kimball
     ______________________________
Clyde Walker Kimball 
                             Director
|--------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------
|/s/ Frank Ned Foti
________________________________ 
Frank Ned Foti
Director                        | /s/ Camille N. LaBorde
________________________________ 
                       Camille N. LaBorde
Director             
|/s/ Norris A. Melancon, Jr.
________________________________ 
Norris A. Melancon, Jr. 
Director     | /s/ C. E. Hebert, III
________________________________ 
              C. E. Hebert, III
Director and Secretary          
|/s/ Stephen P. David
________________________________ 
Stephen P. David 
President/CEO and Director | /s/ Junies W. Hurst
________________________________  
Junies W. Hurst
Director                                         
|/s/ Thomas W. Montgomery, III
________________________________ 
Thomas W. Montgomery, III
Director  | /s/ Joseph Major Thibaut
________________________________ 
            Joseph Major Thibaut
Director                    
|/s/ Rodney G. Fontaine
________________________________
 Rodney G. Fontaine
Director                | /s/ Maurice Picard
________________________________ 
Maurice Picard
Director                                            



---

EXHIBIT A.







PEOPLES BANCSHARES OF POINTE COUPEE
  PARISH, INC. AND SUBSIDIARY



CONSOLIDATED FINANCIAL STATEMENTS



DECEMBER 31, 2000 AND 1999



---



INDEPENDENT AUDITORS' REPORT



To the Board of Directors and Stockholders
Peoples Bancshares of Pointe Coupee Parish, Inc.
New Roads, Louisiana



We have audited the accompanying consolidated balance sheets of Peoples Bancshares of Pointe Coupee Parish, Inc. and Subsidiary as of December 31, 2000 and 1999, and the related consolidated statements of operations and comprehensive
income, changes in stockholders' equity and cash flows for each of the years during the three year period ended December 31, 2000. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion
on these consolidated financial statements based on our audits.

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

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Peoples Bancshares of Pointe Coupee Parish, Inc. and Subsidiary as of December 31, 2000 and
1999, and the results of their operations and their cash flows for each of the years during the three year period ended December 31, 2000, in conformity with generally accepted accounting principles.



Postlethwaite & Netterville

/s/ Postlethwaite & Netterville



Baton Rouge, Louisiana
January 26, 2001



---



|PEOPLES BANCSHARES OF POINTE COUPEE PARISH, INC. AND SUBSIDIARY                        
|---------------------------------------------------------------------------------------
|NEW ROADS, LOUISIANA                                                                   
|                                                                                       
|CONSOLIDATED BALANCE SHEETS                                                            
|DECEMBER 31, 2000 AND 1999                                                             
|                                                                                       
|A S S E T S                                                                            
|                                                                                       
|                                                                                       
|                                                                                       
|                                                                                       
|Cash and due from banks                                                                
|                                                                                       
|Interest-bearing deposits in other banks                                               
|                                                                                       
|Federal funds sold                                                                     
|                                                                                       
|Securities available-for-sale                                                          
|                                                                                       
|Other stocks, at cost                                                                  
|                                                                                       
|Loans, less allowances for loan losses of $825,337                                     
|and $801,545 at December 31, 2000 and 1999,                                            
|respectively                                                                           
|                                                                                       
|Accrued interest receivable                                                            
|                                                                                       
|Bank premises and equipment, net of                                                    
|accumulated depreciation                                                               
|                                                                                       
|Foreclosed real estate                                                                 
|                                                                                       
|Other assets                                                                           
|                                                                                       
|TOTAL ASSETS                                                                           
|                                                                                       
|The accompanying notes are an integral part of these consolidated financial statements.



---



|                                                                          |                        |  |                       
|------------------------------------------------------------------------- | ---------------------- |  | ----------------------
|L I A B I L I T I E S    A N D   
S T O C K H O L D E R S'    E Q U I T Y
|                                                                          |                        |  |                       
|                                                                          |                        |  |                       
|                                                                          | 2000                   |  | 1999                  
|                                                                          |                        |  |                       
|LIABILITIES                                                               |                        |  |                       
|Deposits:                                                                 |                        |  |                       
|Noninterest-bearing                                                       | $            7,079,628 |  | $            5,689,508
|Interest-bearing                                                          | 31,326,443             |  | 24,972,957            
|                                                                          | _________              |  | _________             
|Total deposits                                                            | 38,406,071             |  | 30,662,465            
|                                                                          |                        |  |                       
|Other borrowed funds                                                      | 2,371,900              |  | 1,000,000             
|Accrued interest payable                                                  | 213,309                |  | 114,376               
|Other liabilities                                                         | 144,858                |  | 105,442               
|                                                                          | _________              |  | _________             
|Total liabilities                                                         | 41,136,138             |  | 31,882,283            
|                                                                          | _________              |  | _________             
|                                                                          |                        |  |                       
|COMMITMENTS AND CONTINGENCIES                                             |                        |  |                       
|                                                                          |                        |  |                       
|                                                                          |                        |  |                       
|STOCKHOLDERS' EQUITY                                                      |                        |  |                       
|Common stock; $2.50 par value; 1,000,000 shares authorized;               |                        |  |                       
|309,677 shares issued; and 308,977 shares outstanding                     | 774,193                |  | 774,193               
|Capital surplus                                                           | 1,530,320              |  | 1,530,320             
|Retained earnings                                                         | 5,835,228              |  | 5,214,344             
|Accumulated other comprehensive income                                    | 10,685                 |  | (70,183)              
|                                                                          | _________              |  | _________             
|                                                                          | 8,150,426              |  | 7,448,674             
|                                                                          |                        |  |                       
|Less: 700 shares held in treasury - at cost                               | (8,276)                |  | (8,276)               
|                                                                          | _________              |  | _________             
|Total stockholders' equity                                                | 8,142,150              |  | 7,440,398             
|                                                                          | _________              |  | _________             
|TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                | $    49,278,288        |  | $    39,322,681       
|                                                                          | ========               |  | ========              



---



|PEOPLES BANCSHARES OF POINTE COUPEE PARISH, INC. AND SUBSIDIARY                        
|---------------------------------------------------------------------------------------
|NEW ROADS, LOUISIANA                                                                   
|                                                                                       
|CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME                         
|YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998                                          
|                                                                                       
|                                                                                       
|                                                                                       
|                                                                                       
|INTEREST INCOME                                                                        
|Interest on loans                                                                      
|Interest on available-for-sale securities                                              
|Interest on federal funds sold                                                         
|Interest on deposits in other banks                                                    
|                                                                                       
|Total interest income                                                                  
|                                                                                       
|                                                                                       
|                                                                                       
|INTEREST EXPENSE                                                                       
|Interest on deposits                                                                   
|Interest on federal funds purchased                                                    
|Interest on other borrowed funds                                                       
|                                                                                       
|                                                                                       
|                                                                                       
|                                                                                       
|NET INTEREST INCOME                                                                    
|                                                                                       
|Provision (credit) for loan losses                                                     
|                                                                                       
|                                                                                       
|NET INTEREST INCOME AFTER                                                              
|PROVISION (CREDIT) FOR                                                                 
|LOAN LOSSES                                                                            
|                                                                                       
|                                                                                       
|NON-INTEREST INCOME                                                                    
|Service charges on deposit accounts                                                    
|Other service charges and fees                                                         
|Net realized gains on sales of                                                         
|available-for-sale securities                                                          
|Other income                                                                           
|                                                                                       
|Total other income                                                                     
|                                                                                       
|                                                                                       
|The accompanying notes are an integral part of these consolidated financial statements.

---





|PEOPLES BANCSHARES OF POINTE COUPEE PARISH, INC. AND SUBSIDIARY                        
|---------------------------------------------------------------------------------------
|NEW ROADS, LOUISIANA                                                                   
|CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME                         
|YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998                                          
|                                                                                       
|                                                                                       
|NON-INTEREST EXPENSES                                                                  
|Salaries and employee benefits                                                         
|Occupancy expenses                                                                     
|Data processing expenses                                                               
|Other operating expenses                                                               
|                                                                                       
|Total other expenses                                                                   
|                                                                                       
|                                                                                       
|INCOME BEFORE INCOME                                                                   
|TAX EXPENSE                                                                            
|                                                                                       
|Income tax expense                                                                     
|                                                                                       
|                                                                                       
|NET INCOME                                                                             
|                                                                                       
|OTHER COMPREHENSIVE INCOME                                                             
|Unrealized holding gains (losses) arising
      during the period, net of taxes        
|Less: reclassification adjustment for 
     realized gains                             
|                                                                                       
|                                                                                       
|                                                                                       
|                                                                                       
|COMPREHENSIVE INCOME                                                                   
|                                                                                       
|Per common share data:                                                                 
|                                                                                       
|Net income                                                                             
|                                                                                       
|Cash dividends                                                                         
|                                                                                       
|Average number of shares outstanding                                                   
|                                                                                       
|                                                                                       
|The accompanying notes are an integral part of these consolidated financial statements.





---



|PEOPLES BANCSHARES OF POINTE COUPEE PARISH, INC. AND SUBSIDIARY                        
|---------------------------------------------------------------------------------------
|NEW ROADS, LOUISIANA                                                                   
|                                                                                       
|CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY                             
|YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998                                          
|                                                                                       
|                                                                                       
|                                                                                       
|                                                                                       
|Balance at December 31, 1997                                                           
|                                                                                       
|Net income                                                                             
|                                                                                       
|Net change in unrealized gain (loss)                                                   
|on available-for-sale securities,                                                      
|net of deferred income taxes of $9,602                                                 
|                                                                                       
|Cash dividends paid                                                                    
|                                                                                       
|Balance at December 31, 1998                                                           
|                                                                                       
|Net income                                                                             
|                                                                                       
|Net change in unrealized gain (loss)                                                   
|on available-for-sale securities,                                                      
|net of deferred income taxes of $56,841                                                
|                                                                                       
|Sale of 400 shares of common stock                                                     
|held in the treasury                                                                   
|                                                                                       
|Cash dividends paid                                                                    
|                                                                                       
|Balance at December 31, 1999                                                           
|                                                                                       
|Net income                                                                             
|                                                                                       
|Net change in unrealized gain (loss)                                                   
|on available-for-sale securities,                                                      
|net of deferred income taxes of $41,659                                                
|                                                                                       
|Cash dividends paid                                                                    
|                                                                                       
|Balance at December 31, 2000                                                           
|                                                                                       
|                                                                                       
|The accompanying notes are an integral part of these consolidated financial statements.



---



AccumulatedOther


TotalRetained
Comprehensive
Treasury Stock
Stockholders'Earnings
Income
Shares
Amount
EquityBalance at December 31, 1997
  $         3,928,237
$              21,516
1,100
$           (13,000)
$         6,236,754Net income
  922,533
-
-
-
922,533Net change in unrealized gain (loss)on available-for-sale securities,net of deferred income taxes of $9,602
  -
18,640
-
-
18,640Cash dividends paid
  (262,288)
-
-
-
(262,288)Balance at December 31, 1998
  4,588,482
40,156
1,100
(13,000)
6,915,639Net income
  888,292
-
-
-
888,292Net change in unrealized gain (loss)on available-for-sale securities,net of deferred income taxes of $56,841
  -
(110,339)
-
-
(110,339)Sale of 400 shares of common stockheld in the treasury
  

(400)
4,724
9,236Cash dividends paid
  (262,430)
-
-
-
(262,430)________
________
_______
________
_________Balance at December 31, 1999
  5,214,344
(70,183)
700
(8,276)
7,440,398Net income
  914,412
-
-
-
914,412Net change in unrealized gain (loss)on available-for-sale securities,net of deferred income taxes of $41,659
  -
80,868
-
-
80,868Cash dividends paid
  (293,528)
-
-
-
(293,528)________
________
_______
________
_________Balance at December 31, 2000
  $  5,835,228
$     10,685
700
$       (8,276)
$  8,142,150======
=======
======
=======
========




---





|PEOPLES BANCSHARES OF POINTE COUPEE PARISH, INC. AND SUBSIDIARY
NEW ROADS, LOUISIANA

CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                         
|                                                                                                                                                                         
|                                                                                                                                                                         
|                                                                                                                                                                         
|CASH FLOWS FROM OPERATING ACTIVITIES                                                                                                                                     
|Net income                                                                                                                                                               
|Adjustments to reconcile net income to net cash                                                                                                                          
|Provided by operating activities:                                                                                                                                        
|Gain on sales of other real estate                                                                                                                                       
|Loss (gain) on sales of other assets                                                                                                                                     
|Net realized gains from sales and maturities                                                                                                                             
|of available-for-sale securities                                                                                                                                         
|Net accretion of investment security discounts /                                                                                                                         
|Amortization of investment security premiums                                                                                                                             
|Provision (credit) for loan losses                                                                                                                                       
|Provision for foreclosed real estate                                                                                                                                     
|Depreciation                                                                                                                                                             
|Net changes in operating assets and liabilities:                                                                                                                         
|Accrued interest receivable                                                                                                                                              
|Other assets                                                                                                                                                             
|Accrued interest payable                                                                                                                                                 
|Other liabilities                                                                                                                                                        
|                                                                                                                                                                         
|Net cash provided by operating activities                                                                                                                                
|                                                                                                                                                                         
|                                                                                                                                                                         
|CASH FLOWS FROM INVESTING ACTIVITIES                                                                                                                                     
|Proceeds from sales and maturities of                                                                                                                                    
|Available-for-sale securities                                                                                                                                            
|Purchases of available-for-sale securities                                                                                                                               
|Net decrease in interest-bearing deposits in                                                                                                                             
|other banks                                                                                                                                                              
|Purchase of other stocks                                                                                                                                                 
|Net decrease (increase) in federal funds sold                                                                                                                            
|Net increase in loans                                                                                                                                                    
|Expenditures on foreclosed real estate                                                                                                                                   
|Proceeds from sales of foreclosed real estate and other   assets                                                                                                         
|Purchases of bank premises and equipment                                                                                                                                 
|                                                                                                                                                                         
|Net cash provided by (used in) investing activities                                                                                                                      
|                                                                                                                                                                         
|                                                                                                                                                                         
|The accompanying notes are an integral part of these consolidated financial statements.                                                                                  



---





|PEOPLES BANCSHARES OF POINTE COUPEE PARISH, INC. AND SUBSIDIARY                        
|---------------------------------------------------------------------------------------
|NEW ROADS, LOUISIANA                                                                   
|                                                                                       
|CONSOLIDATED STATEMENTS OF CASH FLOWS
YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998    
|                                                                                       
|                                                                                       
|                                                                                       
|                                                                                       
|CASH FLOWS FROM FINANCING ACTIVITIES                                                   
|Net increase (decrease ) in noninterest-bearing demand                                 
|Deposit accounts, savings accounts, and NOW accounts                                   
|Net increase (decrease) in time deposits                                               
|Net increase in other borrowed funds                                                   
|Proceeds from sales of treasury stock                                                  
|Dividends paid                                                                         
|                                                                                       
|Net cash provided by (used in) financing activities                                    
|                                                                                       
|                                                                                       
|Net increase (decrease) in cash and due from banks                                     
|                                                                                       
|Cash and due from banks - beginning of year                                            
|                                                                                       
|Cash and due from banks - end of year                                                  
|                                                                                       
|                                                                                       
|Supplemental disclosures of cash flow information                                      
|                                                                                       
|Cash paid for interest                                                                 
|                                                                                       
|                                                                                       
|Cash paid for income taxes                                                             
|                                                                                       
|The accompanying notes are an integral part of these consolidated financial statements.



---



1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



The accounting and reporting policies of Peoples Bancshares of Pointe Coupee Parish, Inc. (Bancshares) and its subsidiary conform to generally accepted accounting principles and to the prevailing practices within the banking industry.
A summary of significant accounting policies is as follows:

> Basis of presentation

The consolidated financial statements include the accounts of Bancshares and its wholly owned subsidiary, Peoples Bank and Trust Company (the Bank). All significant intercompany accounts and transactions have been eliminated in
consolidation.

Nature of operations

Substantially all of the assets, liabilities, and operations presented in the consolidated financial statements are attributable to Peoples Bank and Trust Company. The Bank provides a variety of banking services to individuals and
businesses primarily in and around Pointe Coupee Parish, Louisiana. Its primary deposit products are demand deposits, savings deposits, and certificates of deposits, and its primary lending products are agriculture, commercial, business, real estate, and
consumer loans.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions.  In connection with the determination
of the estimated losses on loans, management obtains independent appraisals for significant collateral.

The Bank's loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Bank has a diversified loan portfolio, a substantial portion of its debtors' ability to
honor their contracts is dependent on local economic conditions and the agricultural industry.



---



1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)



> Use of estimates

While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an
integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Bank to recognize additional losses based on their judgments about information available to them at the time of their examination.
 Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term.  However, the amount of the change that is reasonably possible cannot be estimated.

Investment securities

The Bank's investments in securities are classified as available-for-sale securities and consist of bonds, notes, and debentures that are available to meet the Bank's operating needs. These securities are reported at fair value as
determined by quoted market prices.

Unrealized holding gains and losses, net of tax, on available-for-sale securities are reported as a net amount in other comprehensive income. Gains and losses on the sale of investment securities are determined using the
specific-identification method. Realized gains (losses) on the sales and maturities of investment securities are classified as non-interest income and reported as a reclassification adjustment in other comprehensive income.

Interest bearing deposits in other banks

Interest bearing deposits in other banks mature within one year and are carried at cost, which approximates market.

Loans receivable

Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding principal adjusted for any charge-offs, the allowance for loan losses, and
any deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans.

The accrual of interest on impaired loans is discontinued when, in management's opinion, the borrower may be unable to meet payments as they become due. When interest accrual is discontinued, all unpaid accrued interest is reversed.
Interest income is subsequently recognized only to the extent cash payments are received.

The allowance for loan losses is increased by charges to income and decreased by charge-offs (net of recoveries). Management's periodic evaluation of the adequacy of the allowance is based on the Bank's past loan loss experience, known
and inherent risks in the portfolio, adverse situations that may affect the borrower's ability to repay, the estimated value of any underlying collateral, and current economic conditions.



---



1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

> Foreclosed real estate

Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically
performed by management, and the real estate is subsequently carried at the lower of carrying amount or fair value, less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in loss on foreclosed real estate
 .

Bank premises and equipment

Land is carried at cost. Bank premises and equipment are stated at cost less accumulated depreciation, which is computed using straight-line and accelerated methods over the estimated useful lives of the assets, which range from 3 to
30 years.

Income taxes

Provisions for income taxes are based on taxes payable or refundable for the current year (after exclusion of non-taxable income such as interest on state and municipal securities) and deferred taxes on temporary differences between
the amount of taxable income and pretax financial income and between the tax bases of assets and liabilities and their reported amounts in the financial statements. Deferred tax assets and liabilities are included in the financial statements at currently
enacted income tax rates applicable to the period in which the deferred tax assets and liabilities are expected to be realized or settled as prescribed in Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.

Net Income per share

Net income per share of common stock has been computed on the basis of the weighted average number of shares of common stock outstanding.

Comprehensive income

Comprehensive income is the change in stockholders' equity during the period from transactions and other events and circumstances from non-owner sources. Comprehensive income includes the change in unrealized gains (losses),
net of taxes, on available-for-sale securities during the period.



---



1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

> Cash and cash equivalents

For purposes of presentation in the consolidated statements of cash flows, cash and cash equivalents are defined as those amounts included in the balance sheet caption "cash and due from banks."

> Off-balance sheet financial instruments

In the ordinary course of business, the Bank has entered into off-balance sheet financial instruments consisting of commitments to extend credit, commercial letters of credit, and standby letters of credit. Such financial instruments
are recorded in the financial statements when they are funded or related fees are incurred or received.

> Fair values of financial instruments

Statement of Financial Accounting Standards (SFAS) No. 107, Disclosures about Fair Value of Financial Instruments, requires disclosure of fair value information about financial instruments, whether or not recognized in the
balance sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate
and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments from its disclosure
requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of Bancshares.

The following methods and assumptions were used by Bancshares in estimating its fair value disclosures for financial instruments:

Cash and cash equivalents - the carrying amounts of cash and cash equivalents approximate their fair values.

Interest-bearing deposits in other banks - fair values for interest-bearing deposits in other banks are estimated using a discounted cash flow analysis that applies interest rates currently being offered on certificates to a
schedule of aggregated contractual maturities on such time deposits.

Investment securities - fair values for investment securities are based on quoted market prices, where applicable. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments.



---



1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

> Fair values of financial instruments

The following methods and assumptions were used by Bancshares in estimating its fair value disclosures for financial instruments:

Loans receivable - for variable-rate loans that reprice frequently and have no significant change in credit risk, fair values are based on carrying values. Fair values for certain mortgage loans (i.e., one-to-four family
residential), credit card loans, and other consumer loans are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted for differences in loan characteristics. Fair values for commercial real estate and
commercial loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Fair values for impaired loans are estimated using discounted cash flow
analyses or underlying collateral values, where applicable.

Deposit liabilities - the fair values disclosed for demand deposits are, by definition, equal to the amount payable on demand at the reporting date (that is, their carrying amounts). The carrying amounts of variable-rate,
fixed-term money market accounts and certificates of deposit approximate their fair values at the reporting date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates
currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits.

Short-term borrowings - the carrying amounts of other short-term borrowings maturing within 90 days approximate their fair values. Fair values of other short-term borrowings are estimated using discounted cash flow analyses
based on the incremental borrowing rates for similar types of borrowing arrangements.

Accrued interest - the carrying amounts of accrued interest approximate their fair values.

Off-balance sheet instruments - fair values for off-balance sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the
counterparties' credit standing.

Reclassification

Certain amounts in the 1999 and 1998 consolidated financial statements have been reclassified to conform with the current year presentation.

---



2.   INVESTMENT SECURITIES

Debt and equity securities have been classified in the consolidated statements of financial condition according to management's intent. Securities classified as available-for-sale consisted of the following:

|                                                                               |                | December 31, 2000     
|------------------------------------------------------------------------------ | -------------- | ----------------------
|                                                                               |                |                       
|                                                                               | Amortized Cost | Gross
Unrealized Gains
|                                                                               |                |                       
|U.S. Treasury securities 
   and obligations of other
   governmental entities | 5,021,838      | $36,730               
|                                                                               |                |                       
|Mortgage-backed securities                                                     | $488,438       | -                     
|                                                                               | _________      | _______               
|                                                                               | $5,510,276     | $36,730               
|                                                                               | =======        | ======                
|                                                                               |                |                       





|                             | December 31, 1999 |                      
|---------------------------- | ----------------- | ---------------------
|                             |                   |                      
|                             | AmortizedCost     | Gross
UnrealizedGains
|                             |                   |                      
|U.S. Treasury securities and |                   |                      
|obligations of other         |                   |                      
|governmental entities        | $3,964,294        | $1,278               
|                             |                   |                      
|Mortgage-backed securities   | 1,126,057         | 23                   
|                             | _________         | _______              
|                             | $5,090,351        | $1,301               
|                             | =======           | ======               



Realized gains on sales of securities during the years ended December 31, 2000, 1999, and 1998 were as follows:



|                                                                            | 2000          | 1999      | 1998        
|--------------------------------------------------------------------------- | ------------- | --------- | ------------
|U.S. Treasury securities and obligations 
   of other governmental entities | $          -  | $8,587    | $2,505      
|                                                                            |               |           |             
|Mortgage-backed securities                                                  | -             | -         | -           
|                                                                            | _________     | _________ | ____________
|                                                                            | $          
- | $8,587    | $2,505      
|                                                                            | ========      | ========  | ==========  



---



2.    INVESTMENT SECURITIES (continued)

The amortized costs and estimated market values of debt securities at December 31, 2000, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers have the right to call or
prepay obligations with or without call or prepayment penalties.

|                                       |            |            | Amortized  | Fair      
|-------------------------------------- | ---------- | ---------- | ---------- | ----------
|                                       |            |            | Cost       | Value     
|                                       |            |            |            |           
|Within one year                        | $1,730,071 | $1,735,873
|Greater than one but within five years | 2,791,949  | 2,787,098 
|Greater than five but within ten years | 98,690     | 101,266   
|Greater than ten years                 | 401,128    | 421,776   
|                                       |            |            | 5,021,838  | 5,046,013 
|Mortgage-backed securities             | 488,438    | 480,452   
|                                       |            |            | $5,510,276 | $5,526,465
|                                       |            |            | ========   | ========  



Investment securities with carrying values of approximately $3,258,885 and $2,250,860 at December 31, 2000 and 1999, respectively, were pledged to secure public deposits and for other purposes as required or permitted by law.



3.    LOANS

|                                |                |               
|------------------------------- | -------------- | --------------
|                                | 2000           | 1999          
|                                | (in thousands) | (in thousands)
|                                |                |               
|Agricultural loans              | 7,082          | $6,442        
|Commercial loans                | 16,216         | 11,085        
|Real estate loans               | 5,785          | 5,502         
|Consumer loans                  | 7,190          | 6,934         
|Other                           | 389            | 589           
|                                | 36,662         | 30,552        
|Less: allowance for loan losses | (825)          | (802)         
|Loans, net                      | $ 35,837       | $ 29,750      
|                                | ======         | ======        



---



3.    LOANS (continued)



Changes in the allowance for loan losses during the years ended December 31, 2000, 1999, and 1998 were as follows:

|                                 | 2000       | 1999       |  | 1998      
|-------------------------------- | ---------- | ---------- |  | ----------
|Balance - beginning of year      | $  801,545 | $  852,171 |  | $  846,958
|Provision credited to operations | -          | (57,629)   |  | (46,000)  
|Loans charged-off                | (37,871)   | (33,424)   |  | (38,571)  
|Recoveries                       | 61,663     | 40,427     |  | 89,784    
|Balance - end of year            | $  825,337 | $  801,545 |  | $  852,171
|                                 | =======    | =======    |  | =======   



Impairment of loans having recorded investments of approximately $469,600 at December 31, 2000, and $404,860 at December 31, 1999, has been recognized in conformity with SFAS No. 114, Accounting by Creditors for Impairment of a Loan, as amended by SFAS No. 118. The average recorded investment in impaired loans during 2000 and 1999 was approximately $587,800 and $205,570, respectively. The total allowances for loan losses related to these loans was $42,279 and $22,500 at December 31,
2000 and 1999, respectively.

Interest income on impaired loans, which is recognized when cash payments are received, totalled approximately $5,000, $7,000, and $8,000 during the years ended December 31, 2000, 1999, and 1998, respectively.

The Bank transferred $774,308 and $24,024 of real estate acquired in settlements of loans to other real estate owned and other assets during the years ended December 31, 2000 and 1999, respectively.

> The Bank is not committed to lend additional funds to debtors whose loans have been modified.

---



4.   BANK PREMISES AND EQUIPMENT



Major classifications of bank premises and equipment are summarized as follows:

|                                | 2000        | 1999       
|------------------------------- | ----------- | -----------
|                                |             |            
|Land                            | $   100,081 | $   100,081
|Buildings and improvements      | 894,923     | 883,473    
|Equipment                       | 518,950     | 509,233    
|                                | 1,513,954   | 1,492,787  
|Less:  accumulated depreciation | (926,728)   | (866,148)  
|                                | $   587,226 | $   626,639
|                                | ========    | ========   



Depreciation expense amounted to $60,580, $62,200, and $60,714 during the years ended December 31, 2000, 1999, and 1998, respectively.

5.   DEPOSITS

Deposits are summarized below:

|                        | 2000           | 1999          
|----------------------- | -------------- | --------------
|Demand deposit accounts | $   7,079,628  | $   5,701,476 
|NOW accounts            | 6,754,120      | 3,357,017     
|Savings accounts        | 5,340,615      | 6,021,428     
|Time accounts           | 19,231,708     | 15,582,544    
|                        | $   38,406,071 | $   30,662,465
|                        | ==========     | ==========    



At December 31, 2000, the scheduled maturities of all outstanding certificates of deposit were as follows:

|During the
 year endingDecember 31st | Amount         
|------------------------------------ | ---------------
|                                     |                
|2001                                 | $    15,837,865
|2002                                 | 3,079,670      
|2003                                 | 279,118        
|2004                                 | 35,055         
|                                     | $    19,231,708
|                                     | ===========    



---



5.   DEPOSITS (continued)

Included in deposits are approximately $6,960,000 and $4,383,000 of certificates of deposit in excess of $100,000 at December 31, 2000 and 1999, respectively.  Interest expense on such deposits was approximately $286,500, $239,600, and
$198,000 during the years ended December 31, 2000, 1999, and 1998, respectively.



6.   OTHER BORROWED FUNDS

The Bank has established a line-of-credit for approximately $4,250,000 with the Federal Home Loan Bank (FHLB) to provide an additional source of operating capital. The current advances, which totalled $2,371,900 and $1,000,000 at
December 31, 2000 and 1999, respectively, bore interest at variable rates ranging from 6.00% to 6.76%.

This line of credit is secured by $402,700 of FHLB stock owned by the Bank and all wholly-owned residential (1-4 units) first mortgage loans.

7.   INCOME TAXES

The source and tax effect of items reconciling income tax expense to the amount computed by applying the federal income tax rates in effect to income before income tax expense for the years ended December 31, 2000, 1999, and 1998 were
as follows:



|                                                             | 2000      | 1999   | 1998      
|------------------------------------------------------------ | --------- | ------ | ----------
|                                                             |           |        |           
|                                                             | Amount    | %      | Amount    
|Income before
 income tax
 expense                           | 1,387,070 | 100.0% | $1,304,613
|                                                             | ======    | =====  | ======    
|Income tax
 expense at
 statutory rate                       | $471,604  | 34.0%  | $443,568  
|Tax-exempt
 interest income
and nondeductible
 interest cost | (9,438)   | (0.7)  | (9,220)   
|Other                                                        | 10,492    | 0.8    | (18,027)  
|                                                             | $472,658  | 34.1%  | $416,321  
|                                                             | ======    | =====  | ======    





---



7.   INCOME TAXES (continued)



The components of income tax expense during the years ended December 31, 2000, 1999, and 1998 were as follows:

|                               |           |           |           |          
|------------------------------ | --------- | --------- | --------- | ---------
|                               |           | 2000      | 1999      | 1998     
|                               |           |           |           |          
|Current tax expense            | $ 486,253 | $ 384,604 | $ 449,201
|Deferred tax expense (benefit) | (13,595)  | 31,717    | 3,186    
|                               |           | $ 472,658 | $ 416,321 | $ 452,387
|                               |           | =======   | =======   | =======  



Bancshares records deferred income taxes on the tax effect of temporary differences. Deferred tax assets are subject to a valuation allowance if their realization is less than fifty percent probable. Deferred tax assets (liabilities)
were comprised of the following at December 31, 2000 and 1999:





|                                              | 2000          | 1999      
|--------------------------------------------- | ------------- | ----------
|Depreciation                                  | ($120,511)    | ($129,370)
|Stock dividends                               | (17,279)      | (8,974)   
|Unrealized gains on securities                | (5,504)       | -         
|Gross deferred tax liability                  | (143,294)     | (138,344) 
|                                              |               |           
|Reserve for loan losses                       | 77,901        | 77,901    
|Write-downs of foreclosed property            | 24,261        | 20,793    
|Unrealized losses on securities               | -             | 36,155    
|Deferred compensation                         | 37,083        | 27,510    
|Gross deferred tax assets                     | 139,245       | 162,359   
|Less:  deferred tax asset valuation allowance | -             | -         
|Net deferred tax asset (liability)            | ($     4,049) | $   24,015
|                                              | ========      | =======   



8.   EMPLOYEE BENEFITS

> The Bank maintains a 401(k) savings plan for which the majority of its employees are eligible. The employer contributes to the plan based on the discretion of the Board of Directors. The Bank matches 50% of employee contributions up to
> 6% of each employee's salary. The Bank recognized expenses relating to this plan of approximately $16,700, $16,200, and $13,300 during the years ended December 31, 2000, 1999, and 1998, respectively.



---

8.   EMPLOYEE BENEFITS (continued)

The Bank maintains a deferred compensation agreement with several directors. Upon retirement, the Bank will pay the directors their deferred compensation plus interest. The Bank is the owner and beneficiary of several insurance
policies covering the lives of these directors.

The Bank also maintains a supplemental executive retirement plan agreement with its president. Upon retirement, or in the event of death, the president, or his designated beneficiary, will receive the benefit over a 20 year period. The
Bank is the owner and beneficiary of an insurance policy covering the life of the president. If employment is terminated "without cause" prior to retirement, the Bank will pay the president his accrued benefit, which is based on the number of months of
completed service since January, 1996.

9.   FINANCIAL INSTRUMENTS

The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby
letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. The contract or notional amounts of these instruments
reflect the extent of the Bank's involvement in particular classes of financial instruments.

The Bank's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those
instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for financial instruments recorded on its balance sheet.

Unless noted otherwise, the Bank does not require collateral or other security to support financial instruments with credit risk.

Commitments to Extend Credit

Commitments to extend credit are agreements to lend to a customer, as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may
require the payment of a fee.  Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer's creditworthiness on a
case-by-case basis. The amount of collateral obtained, if it is deemed necessary by the Bank upon extension of credit, is based on management's credit evaluation of the counterparty. Collateral held varies but may include accounts receivable; inventory;
property, plant and equipment; and income-producing commercial properties. At December 31, 2000, unfunded loan commitments totalled approximately $5,275,000.



---



9.   FINANCIAL INSTRUMENTS (continued)

Commitments to Extend Credit (continued)

Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements, including
commercial paper, bond financing, and similar transactions. At December 31, 2000, commitments under standby letters of credit totalled approximately $112,530. The credit risk involved in issuing letters of credit is essentially the same as that involved
in extending loan facilities to customers. Because these instruments have fixed maturity dates, they do not generally present any significant liquidity risk to the Bank.

The Bank has not been required to perform on any financial guarantees during the past three years. The Bank did not incur any losses on such commitments during either 2000, 1999, or 1998.

The estimated fair values of Bancshares's financial instruments at December 31, 2000 and 1999 were as follows (in thousands):



|                                                                                          | 2000     | 1999  
|----------------------------------------------------------------------------------------- | -------- | ------
|                                                                                          | Carrying | Fair  
|                                                                                          | Amount   | Value 
|Financial assets:                                                                         |          |       
|Cash and due from banks, interest bearing deposits in other banks,
and federal funds sold | $6,070   | $6,070
|Securities available-for-sale                                                             | 5,526    | 5,526 
|Loans receivable (net)                                                                    | 35,837   | 35,724
|Accrued interest receivable                                                               | 621      | 621   
|                                                                                          |          |       
|Financial liabilities:                                                                    |          |       
|Deposit liabilities                                                                       | 38,406   | 38,425
|Other borrowed funds                                                                      | 2,372    | 2,372 
|Accrued interest payable                                                                  | 213      | 213   



---



10.		RELATED PARTY TRANSACTIONS

In the ordinary course of business, certain officers and directors of the Bank and companies in which they have 10% or more beneficial ownership maintain a variety of banking relationships with the Bank. An analysis of activity
during 2000, 1999, and 1998 with respect to loans to officers and directors of the Bank is as follows:

|                            |             | 2000         | 1999         | 1998    
|--------------------------- | ----------- | ------------ | ------------ | --------
|                            |             |              |              |         
|Balance - beginning of year | $ 1,441,636 | $  1,382,362 | $  1,213,533
|Additions                   | 492,406     | 1,705,025    | 897,008     
|Payments                    | (580,922)   | (1,645,751)  | (728,179)   
|Balance - end of year       | $1,353,120  | $  1,441,636 | $ 1,382,362 
|                            |             | ========     | =========    | ========

Included in deposits are deposits from directors, officers, their immediate families, and related companies. These accounts totalled approximately $1,471,000 and $1,262,252 at December 31, 2000 and 1999, respectively.



11.   RESTRICTIONS OF RETAINED EARNINGS

The Bank, as a state chartered Bank, is subject to the dividend restrictions set forth by the Commissioner. Under such restrictions, the Bank may not, without the prior approval of the Commissioner, declare dividends in excess of the
sum of the current year's retained net earnings (as defined) plus the retained net earnings (as defined) from the prior year. The Bank can declare, without the approval of the Commissioner, dividends totalling $909,401 more than its retained net earnings
during the year ending December 31, 2001.

12.   REGULATORY MATTERS



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

Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table on the following page) of total and Tier I capital (as defined in the
regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined). Management believes, as of December 31, 2000, that the Bank meets all capital adequacy requirements to which it is subject.

---



12.   REGULATORY MATTERS (continued)

The most recent notification from the Office of Financial Institutions (as of June 30, 2000) categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To remain as well capitalized the Bank
must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table below (on the following page). There are no conditions or events since that notification that management believes have changed the
institution's category.

The Bank's actual capital amounts and ratios as of December 31, 2000 and 1999 are presented below:

|                          |            |        |                               |                                                                    |            |       
|------------------------- | ---------- | ------ | ----------------------------- | ------------------------------------------------------------------ | ---------- | ------
|                          |            | Actual | For capital
 adequacypurposes | To be well capitalized 
 under prompt corrective action provisions
|                          |            | Amount | Ratio                         | Amount                                                             | Ratio      | Amount
|As of December 31, 2000:  |            |        |                               |                                                                    |            |       
|Total capital             |            |        |                               |                                                                    |            |       
|(to risk-weighted assets) | $6,499,795 | 19.6%  | $2,653,520                    | >8.0%                                                              | $3,316,900 | >10.0%
|Tier I capital            |            |        |                               |                                                                    |            |       
|(to risk-weighted assets) | 6,077,073  | 18.3%  | 1,326,760                     | >4.0%                                                              | 1,990,140  | >6.0% 
|Tier I capital            |            |        |                               |                                                                    |            |       
|(to average assets)       | 6,077,073  | 12.8%  | 1,892,720                     | >4.0%                                                              | 2,365,900  | >5.0% 
|                          |            |        |                               |                                                                    |            |       
|As of December 31, 1999:  |            |        |                               |                                                                    |            |       
|Total capital             |            |        |                               |                                                                    |            |       
|(to risk-weighted assets) | $5,432,245 | 20.9%  | $2,082,080                    | >8.0%                                                              | 2,602,600  | >10.0%
|Tier I capital            |            |        |                               |                                                                    |            |       
|(to risk-weighted assets) | 5,102,582  | 19.6%  | 1,041,040                     | >4.0%                                                              | 1,561,560  | >6.0% 
|Tier I capital            |            |        |                               |                                                                    |            |       
|(to average assets)       | 5,102,582  | 12.5%  | 1,632,120                     | >4.0%                                                              | 2,040,150  | >5.0% 



---



13.   SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK

Most of the Bank's business activity is with customers located within Pointe Coupee Parish. As of December 31, 2000, the Bank's receivables from, guarantees of, and obligations from agriculture loans made to sugar cane, cotton, and
wheat farmers were considered a concentration. These loans are generally secured by assets or farm crops, and a large majority of these loans are 90% guaranteed by the Farm Service Agency. The loans are expected to be repaid from cash flow or proceeds
from the sale of crops. Loan losses arising from lending transactions with farmers compare favorably with the Bank's loan loss experience on its loan portfolio as a whole.

The distribution of commitments to extend credit approximates the distribution of loans outstanding. Commercial and standby letters of credit were granted primarily to commercial borrowers.

The contractual amounts of credit-related financial instruments such as commitments to extend credit, and letters of credit represent the amounts of potential accounting loss should the contract be fully drawn upon, the customer
default, and the value of any existing collateral become worthless.



14.   SUPPLEMENTAL EXPENSE ITEMS

Supplemental expense items during the years ended December 31, 2000, 1999, and 1998 were as follows:



|                  | 2000         | 1999         | 1998      
|----------------- | ------------ | ------------ | ----------
|                  |              |              |           
|Director fees     | $     93,025 | $     79,350 | $   60,000
|                  | ========     | ========     | =======   
|Professional fees | $     76,700 | $     76,750 | $   70,250
|                  | ========     | ========     | =======   



---



|15.                                  | BANK ONLY FINANCIAL STATEMENTS                                  |                          |  |                       
|------------------------------------ | --------------------------------------------------------------- | ------------------------ |  | ----------------------
|                                     |                                                                 |                          |  |                       
|STATEMENTS OF FINANCIAL CONDITION   
|DECEMBER 31, 2000 AND 1999          
|                                     |                                                                 |                          |  |                       
|ASSETS                              
|                                     |                                                                 |                          |  |                       
|                                     |                                                                 | 2000                     |  | 1999                  
|                                     |                                                                 |                          |  |                       
|                                     | Cash and due from banks                                         | $              1,769,687 |  | $              738,632
|                                     | Interest bearing deposits in other banks                        | -                        |  | 394,000               
|                                     | Federal funds sold                                              | 4,300,000                |  | 1,625,000             
|                                     | Securities available-for-sale                                   | 5,395,409                |  | 4,529,811             
|                                     | Other stocks, at cost                                           | 402,700                  |  | 378,400               
|                                     | Loans, less allowances for loan losses of $825,337 and $801,545 |                          | 
|                                     | at December 31, 2000 and 1999, respectively                     | 35,836,626               |  | 29,750,258            
|                                     | Bank premises and equipment, net                                | 587,226                  |  | 626,639               
|                                     | Accrued interest receivable                                     | 620,606                  |  | 561,379               
|                                     | Foreclosed real estate                                          | 129,722                  |  | 144,522               
|                                     | Other assets                                                    | 107,201                  |  | 114,348               
|                                     |                                                                 | __________               |  | __________            
|                                     | Total assets                                                    | $            49,149,177  |  | $         38,862,989  
|                                     |                                                                 | =========                |  | =========             
|LIABILITIES AND STOCKHOLDER'S EQUITY
|                                     |                                                                 |                          |  |                       
|                                     | Liabilities:                                                    |                          |  |                       
|                                     | Deposits                                                        |                          |  |                       
|                                     | Noninterest-bearing                                             | $    9,003,077           |  | $   7,567,632         
|                                     | Interest-bearing                                                | 31,326,443               |  | 24,972,957            
|                                     |                                                                 | _________                |  | __________            
|                                     | Total deposits                                                  | 40,329,520               |  | 32,540,589            
|                                     |                                                                 |                          |  |                       
|                                     | Other borrowed funds                                            | 2,371,900                |  | 1,000,000             
|                                     | Accrued interest payable                                        | 213,309                  |  | 114,376               
|                                     | Other liabilities                                               | 145,481                  |  | 105,442               
|                                     |                                                                 | _________                |  | __________            
|                                     | Total liabilities                                               | 43,060,210               |  | 33,760,407            
|                                     |                                                                 | _________                |  | _________             
|                                     | Stockholder's equity:                                           |                          |  |                       
|                                     | Common stock; $2.50 par value; 1,000,000 shares authorized;     |                          | 
|                                     | 309,677 shares issued and outstanding                           | 774,193                  |  | 774,193               
|                                     | Capital surplus                                                 | 3,225,808                |  | 2,225,808             
|                                     | Undivided profits                                               | 2,077,072                |  | 2,167,671             
|                                     | Accumulated other comprehensive income                          | 11,894                   |  | (65,090)              
|                                     |                                                                 | _________                |  | _________             
|                                     | Total stockholder's equity                                      | 6,088,967                |  | 5,102,582             
|                                     |                                                                 | _________                |  | _________             
|                                     | Total liabilities and stockholder's equity                      | $    49,149,177          |  | $  38,862,989         
|                                     |                                                                 | ==========               |  | =========             





---



|15.                                           | BANK ONLY FINANCIAL STATEMENTS            |               |  |               |  |              
|--------------------------------------------- | ----------------------------------------- | ------------- |  | ------------- |  | -------------
|                                              |                                           |               |  |               |  |              
|STATEMENTS OF OPERATIONS                     
|YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998
|                                              |                                           |               |  |               |  |              
|                                              |                                           | 2000          |  | 1999          |  | 1998         
|                                              |                                           |               |  |               |  |              
|                                              | INTEREST INCOME                           |               |  |               |  |              
|                                              | Interest on loans                         | $   3,458,406 |  | $   2,949,718 |  | $   3,006,132
|                                              | Interest on available-for-sale securities | 313,749       |  | 293,416       |  | 326,163      
|                                              | Interest on federal funds sold            | 74,994        |  | 98,125        |  | 76,353       
|                                              | Interest on deposits in other banks       | 11,545        |  | 20,441        |  | 24,356       
|                                              |                                           | ________      |  | _________     |  | ___________  
|                                              | Total interest income                     | 3,858,694     |  | 3,361,700     |  | 3,433,004    
|                                              |                                           | ________      |  | _________     |  | ___________  
|                                              |                                           |               |  |               |  |              
|                                              | INTEREST EXPENSE                          |               |  |               |  |              
|                                              | Interest on deposits                      | 1,363,628     |  | 1,062,992     |  | 1,092,939    
|                                              | Other borrowed funds                      | 138,080       |  | 26,893        |  | 20,946       
|                                              | Loan from parent company                  | -             |  | 15,107        |  | 13,516       
|                                              | Interest on federal funds purchased       | 12,197        |  | 1,863         |  | 18,085       
|                                              |                                           | ________      |  | _________     |  | ___________  
|                                              | Total interest expense                    | 1,513,905     |  | 1,106,855     |  | 1,145,486    
|                                              |                                           | ________      |  | _________     |  | ___________  
|                                              |                                           |               |  |               |  |              
|                                              | NET INTEREST INCOME                       | 2,344,789     |  | 2,254,845     |  | 2,287,518    
|                                              |                                           |               |  |               |  |              
|                                              | Provision (credit) for loan losses        | -             |  | (57,629)      |  | (46,000)     
|                                              |                                           | ________      |  | _________     |  | ___________  
|                                              |                                           |               |  |               |  |              
|                                              | NET INTEREST INCOME AFTER                 |               |  |               |  |              
|                                              | PROVISION (CREDIT) FOR                    |               |  |               |  |              
|                                              | LOAN LOSSES                               | 2,344,789     |  | 2,312,474     |  | 2,333,518    
|                                              |                                           | ________      |  | _________     |  | ___________  
|                                              |                                           |               |  |               |  |              
|                                              | NONINTEREST INCOME                        |               |  |               |  |              
|                                              | Service charges on deposit accounts       | 161,247       |  | 136,122       |  | 122,414      
|                                              | Other service charges and fees            | 394,498       |  | 364,313       |  | 321,839      
|                                              | Net realized gains on sales of            |               |  |               |  |              
|                                              | available-for-sale securities             | -             |  | 8,587         |  | 2,505        
|                                              | Other income                              | 131,538       |  | 81,468        |  | 62,233       
|                                              |                                           | ________      |  | _________     |  | ___________  
|                                              |                                           | 687,283       |  | 590,490       |  | 508,991      
|                                              |                                           | ________      |  | _________     |  | ___________  



---



|15.                                           | BANK ONLY FINANCIAL STATEMENTS            |             |  |               |  |               
|--------------------------------------------- | ----------------------------------------- | ----------- |  | ------------- |  | --------------
|                                              |                                           |             |  |               |  |               
|STATEMENTS OF FINANCIAL OPERATIONS           
|YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998
|                                              |                                           |             |  |               |  |               
|                                              |                                           |             |  |               |  |               
|                                              |                                           | 2000        |  | 1999          |  | 1998          
|                                              |                                           |             |  |               |  |               
|                                              |                                           |             |  |               |  |               
|                                              | NONINTEREST EXPENSES                      |             |  |               |  |               
|                                              | Salaries and employee benefits            | $   899,353 |  | $  889,118    |  | $   826,312   
|                                              | Occupancy expenses                        | 153,630     |  | 166,605       |  | 160,318       
|                                              | Data processing expenses                  | 95,342      |  | 104,024       |  | 107,173       
|                                              | Other operating expenses                  | 504,300     |  | 432,170       |  | 406,910       
|                                              |                                           | ________    |  | __________    |  | ___________   
|                                              |                                           | 1,652,625   |  | 1,591,917     |  | 1,500,713     
|                                              |                                           | ________    |  | __________    |  | ___________   
|                                              |                                           |             |  |               |  |               
|                                              | INCOME BEFORE INCOME                      |             |  |               |  |               
|                                              | TAX EXPENSE                               | 1,379,447   |  | 1,311,047     |  | 1,341,796     
|                                              |                                           |             |  |               |  |               
|                                              | Income tax expense                        | 470,046     |  | 423,607       |  | 444,426       
|                                              |                                           | ________    |  | __________    |  | ___________   
|                                              |                                           |             |  |               |  |               
|                                              | NET INCOME                                | 909,401     |  | 887,440       |  | 897,370       
|                                              |                                           |             |  |               |  |               
|                                              | OTHER COMPREHENSIVE INCOME                |             |  |               |  |               
|                                              | Unrealized holding gains (losses) arising |             |  |               |  |               
|                                              | during the period, net of taxes           | 76,984      |  | (97,635)      |  | 22,121        
|                                              | Less: reclassification adjustment for     |             |  |               |  |               
|                                              | realized gains                            | -           |  | (8,587)       |  | (2,505)       
|                                              |                                           | ________    |  | __________    |  | ___________   
|                                              |                                           | 76,984      |  | (106,222)     |  | 19,616        
|                                              |                                           | ________    |  | __________    |  | ___________   
|                                              | COMPREHENSIVE INCOME                      | $   986,385 |  | $     781,218 |  | $      916,986
|                                              |                                           | =========   |  | =========     |  | ==========    



---





|16.                                  | PARENT ONLY FINANCIAL STATEMENTS                            |                   |  |                   
|------------------------------------ | ----------------------------------------------------------- | ----------------- |  | ------------------
|                                     |                                                             |                   |  |                   
|BALANCE SHEETS                      
|DECEMBER 31, 2000 AND 1999          
|                                     |                                                             |                   |  |                   
|ASSETS                              
|                                     |                                                             |                   |  |                   
|                                     |                                                             |                   |  |                   
|                                     |                                                             | 2000              |  | 1999              
|                                     |                                                             |                   |  |                   
|                                     | Cash in subsidiary bank                                     | $     1,923,449   |  | $     1,878,124   
|                                     | Securities available-for-sale                               | 131,056           |  | 454,202           
|                                     | Accrued interest receivable                                 | 713               |  | 3,541             
|                                     | Other assets                                                | 1,252             |  | 2,624             
|                                     | Investment in subsidiary bank                               | 6,088,967         |  | 5,102,582         
|                                     |                                                             | ___________       |  | ____________      
|                                     | Total assets                                                | $    8,145,437    |  | $    7,441,073    
|                                     |                                                             | ==========        |  | ==========        
|                                     |                                                             |                   |  |                   
|LIABILITIES AND STOCKHOLDERS' EQUITY
|                                     |                                                             |                   |  |                   
|                                     | LIABILITIES                                                 |                   |  |                   
|                                     | Due to subsidiary bank                                      | $           3,287 |  | $              675
|                                     |                                                             | ___________       |  | ___________       
|                                     | Total liabilities                                           | 3,287             |  | 675               
|                                     |                                                             | ___________       |  | ___________       
|                                     | STOCKHOLDERS' EQUITY                                        |                   |  |                   
|                                     | Common stock; $2.50 par value; 1,000,000 shares authorized; |                   |  |                   
|                                     | 309,677 shares issued; and 308,977 outstanding              | 774,193           |  | 774,193           
|                                     | Capital surplus                                             | 1,530,320         |  | 1,530,320         
|                                     | Retained earnings                                           | 5,835,228         |  | 5,214,344         
|                                     | Accumulated other comprehensive income                      | 10,685            |  | (70,183)          
|                                     |                                                             | ___________       |  | ___________       
|                                     |                                                             | 8,150,426         |  | 7,448,674         
|                                     | Less: 700 shares held in treasury - at cost                 | (8,276)           |  | (8,276)           
|                                     |                                                             | ___________       |  | ___________       
|                                     | Total stockholders' equity                                  | 8,142,150         |  | 7,440,398         
|                                     |                                                             | ___________       |  | ___________       
|                                     | Total liabilities and stockholders' equity                  | $    8,145,437    |  | $    7,441,073    
|                                     |                                                             | ==========        |  | ==========        



---





|16.                                           | PARENT ONLY FINANCIAL STATEMENTS                                          |                |  |                | 
|--------------------------------------------- | ------------------------------------------------------------------------- | -------------- |  | -------------- | 
|                                              |                                                                           |                |  |                | 
|STATEMENTS OF OPERATIONS                     
|YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998
|                                              |                                                                           |                |  |                | 
|                                              |                                                                           |                |  |                | 
|                                              |                                                                           | 2000           |  | 1999           | 
|                                              |                                                                           |                |  |                | 
|                                              | INCOME                                                                    |                |  |                | 
|                                              | Interest on available-for-sale securities                                 | $       21,179 |  | $       26,216 | 
|                                              | Interest on loan to subsidiary                                            | -              |  | 15,107         | 
|                                              | Dividends from subsidiary                                                 | -              |  | 1,354,040      | 
|                                              |                                                                           | __________     |  | __________     | 
|                                              |                                                                           | 21,179         |  | 1,395,363      | 
|                                              |                                                                           | __________     |  | __________     | 
|                                              | EXPENSES                                                                  | 13,556         |  | 47,757         | 
|                                              |                                                                           | __________     |  | __________     | 
|                                              |                                                                           |                |  |                | 
|                                              | INCOME BEFORE EQUITY (DEFICIT)                                            |                |  |                | 
|                                              | IN UNDISTRIBUTED EARNINGS                                                 |                |  |                | 
|                                              | OF SUBSIDIARY                                                             | 7,623          |  | 1,347,606      | 
|                                              |                                                                           |                |  |                | 
|                                              | Equity (deficit) in undistributed earnings                                |                |  |                | 
|                                              | of subsidiaries                                                           | 909,401        |  | (466,600)      | 
|                                              |                                                                           | __________     |  | __________     | 
|                                              |                                                                           |                |  |                | 
|                                              | INCOME BEFORE INCOME TAX                                                  |                |  |                | 
|                                              | EXPENSE (BENEFIT)                                                         | 917,024        |  | 881,006        | 
|                                              |                                                                           |                |  |                | 
|                                              | Income tax expense (benefit)                                              | 2,612          |  | (7,286)        | 
|                                              |                                                                           | __________     |  | __________     | 
|                                              |                                                                           |                |  |                | 
|                                              | NET INCOME                                                                | 914,412        |  | 888,292        | 
|                                              |                                                                           |                |  |                | 
|                                              | OTHER COMPREHENSIVE INCOME                                                |                |  |                | 
|                                              |                                                                           |                |  |                | 
|                                              | Unrealized holding gains (losses) arising during the period, net of taxes | 80,868         |  | (101,752)      | 
|                                              |                                                                           |                |  |                | 
|                                              | Less: reclassification adjustment for 
   realized gains                  | -              |  | (8,587)        | 
|                                              |                                                                           | __________     |  | __________     | 
|                                              |                                                                           | 80,868         |  | (110,339)      | 
|                                              |                                                                           | __________     |  | __________     | 
|                                              |                                                                           |                |  |                | 
|                                              | COMPREHENSIVE INCOME                                                      | $     995,280  |  | $      777,953 | 
|                                              |                                                                           | =========      |  | =========      | 



---



|16.                                                               | PARENT ONLY FINANCIAL STATEMENTS |      |               |      |               |     
|----------------------------------------------------------------- | -------------------------------- | ---- | ------------- | ---- | ------------- | ----
|                                                                  |                                  |      |               |      |               |     
|STATEMENTS OF CASH FLOWS                                         
|YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998                    
|                                                                  |                                  |      |               |      |               |     
|                                                                  |                                  | 2000 |               | 1999 |               | 1998
|                                                                  |                                  |      |               |      |               |     
|CASH FLOWS FROM OPERATING ACTIVITIES                              |                                  |      |               |      |              
|Net income                                                        | $    914,412                     |      | $     888,292 |      | $     922,533
|Adjustments to reconcile net income to net cash                   |                                  |      |               |      |              
|Provided by operating activities:                                 |                                  |      |               |      |              
|Net accretion of investment security discounts /                  |                                  |      |               |      |              
|Amortization of investment security premiums                      | 712                              |      | 1,404         |      | -            
|Increase in other assets                                          | (629)                            |      | -             |      | -            
|Decrease (increase) in accrued interest receivable                | 2,828                            |      | 462           |      | (4,003)      
|Increase (decrease) in other liabilities                          | 2,612                            |      | (7,285)       |      | 7,457        
|Undistributed earnings of subsidiaries                            | (909,401)                        |      | 466,600       |      | 576,024      
|                                                                  | ________                         |      | ________      |      | ________     
|Net cash provided by operating activities                         | 10,534                           |      | 1,349,473     |      | 1,502,011    
|                                                                  | ________                         |      | ________      |      | ________     
|                                                                  |                                  |      |               |      |               |     
|CASH FLOWS FROM INVESTING ACTIVITIES                              |                                  |      |               |      |              
|Purchases of available-for-sale securities                        | -                                |      | -             |      | (5,085,242   
|Proceeds from maturities of available-for-sale  
      securities | 328,319                          |      | 85,387        |      | 4,537,035    
|Advancement of funds to subsidiary                                | -                                |      | -             |      | (600,000)    
|Repayment of funds from subsidiary                                | -                                |      | 600,000       |      | -            
|                                                                  | ________                         |      | ________      |      | ________     
|Net cash provided by (used in) investing activities               | 328,319                          |      | 685,387       |      | (1,148,207)  
|                                                                  | ________                         |      | ________      |      | ________     
|                                                                  |                                  |      |               |      |               |     
|CASH FLOWS FROM FINANCING ACTIVITIES                              |                                  |      |               |      |              
|Dividends paid                                                    | (293,528)                        |      | (262,430)     |      | (262,288)    
|Proceeds from sales of treasury stock                             | -                                |      | 9,236         |      | -            
|                                                                  | ________                         |      | ________      |      | ________     
|Net cash used in financing activities                             | (293,528)                        |      | (253,194)     |      | (262,288)    
|                                                                  | ________                         |      | ________      |      | ________     
|                                                                  |                                  |      |               |      |               |     
|Increase in cash                                                  | 45,325                           |      | 1,781,666     |      | 91,516       
|Cash - beginning of year                                          | 1,878,124                        |      | 96,458        |      | 4,942        
|                                                                  | ________                         |      | ________      |      | ________     
|Cash - end of year                                                | $  1,923,449                     |      | $  1,878,124  |      | $     96,458 
|                                                                  | =========                        |      | =========     |      | ========