EXHIBIT 13



ANNUAL REPORT



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[LOGO] Sistersville

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Bancorp, Inc.

2003

ANNUAL REPORT



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[LOGO] Sistersville

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Bancorp, Inc.



726 WELLS STREET, P. O. BOX 187

SISTERSVILLE, WV 26175

304-652-3671



March 31, 2003



Report to Shareholders:



With pleasure I provide you the 2003 Annual Report for Sistersville Bancorp, Inc. (the Company). Even though our country is facing a difficult economic
environment, the Company has experienced another positive growth year, with its subsidiary, First Federal Savings Bank (the Bank), achieving double-digit percentage growth in both deposits and total assets. The continued low interest
rate environment has generally squeezed net interest margins and profits in the banking industry, but Bank Management has successfully managed to increase profits over the past year, while continuing to maintain excellent asset quality.



Since going public in 1997, your Board of Directors has been faced with the challenge of
managing the Companys high level of capital. High capital levels are good in some respects, allowing for expansion and growth opportunities, but a high capital to asset ratio prevents a high return on equity. In 1997, the Company had an
extremely high capital asset ratio of 32%. I am pleased to report that through growth, stock repurchases, and payment of dividends to shareholders, the Companys capital to asset ratio has been reduced to a more reasonable 17%. Over the past
year, we have successfully repurchased fifteen percent (15%) of our outstanding shares, which has significantly increased the book value of your shares. With the repurchases completed over the past year, a total of 267,595 shares have been
repurchased since our public offering in 1997. This represents forty percent (40%) of the total shares issued in our IPO. Your Board has also increased your dividend payment for the fifth consecutive year.



I commend the dedication over the past fiscal year of our employees and directors for their
efforts to increase the value of your investment in Sistersville Bancorp, Inc. I appreciate your continued support and look forward to the challenges of the upcoming year.



Sincerely,



|                       
|-----------------------
|/s/    Stanley M. Kiser
|                       
|Stanley M. Kiser       
|President and Chairman 



1



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SISTERSVILLE BANCORP, INC.



Corporate Profile



Sistersville Bancorp, Inc. (the Company) is a Delaware corporation organized in March, 1997. First Federal Savings Bank (the Bank) is a
wholly-owned subsidiary of the Company. The Company is a unitary savings and loan holding company which, under existing laws, generally is not restricted in the types of business activities in which it may engage provided that the Bank retains a
specified amount of its assets in housing-related investments. The Company conducts no significant business or operations of its own other than holding all of the outstanding stock of the Bank.



The Bank is a federally-chartered stock savings bank headquartered in Sistersville, West
Virginia. The Bank is subject to examination and comprehensive regulation by the Office of Thrift Supervision (OTS) and its deposits are federally insured by the Savings Association Insurance Fund (SAIF). The Bank is a member
of and owns capital stock in the Federal Home Loan Bank of Pittsburgh (FHLB), which is one of the 12 regional banks in the FHLB system. Unless otherwise stated, the term Company refers to both the Banks and
Companys activities on a consolidated basis.



The Bank operates a
traditional savings bank business, attracting deposit accounts from the general public and using those deposits, together with other funds, primarily to originate and invest in loans secured by single-family residential real estate.



Stock Market Information



The Companys common stock is traded under the symbol SVBC. Price
information with respect to the common shares of SVBC is quoted on the OTC Bulletin Board. The following table sets forth the high and low bid prices for the common shares of SVBC for each quarter of the fiscal years ended March 31, 2003 and 2002.
Price quotations reflect inter-dealer prices without retail mark-up, mark-down, or commission, and may not represent actual transactions.



|Date                                |  | High |       | Low
|----------------------------------- |  | ---- | ----- | ---
|Fiscal year ended March 31, 2003:   |  |      |       |    
|                                    |  |     
|April 1, 2002  June 30, 2002       |  | $    | 17.75 |    
|July 1, 2002  September 30, 2002   |  |      | 17.50 |    
|October 1, 2002  December 31, 2002 |  |      | 16.50 |    
|January 1, 2003  March 31, 2003    |  |      | 17.26 |    
|                                    |  |     
|Fiscal year ended March 31, 2002:   |  |      |       |    
|                                    |  |     
|April 1, 2001  June 30, 2001       |  | $    | 14.10 |    
|July 1, 2001  September 30, 2001   |  |      | 15.10 |    
|October 1, 2001  December 31, 2001 |  |      | 15.75 |    
|January 1, 2002  March 31, 2002    |  |      | 19.25 |    



2



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SVBC declared a semi-annual dividend of $.22 per share in June, 2002 and $.23 per share in December, 2002. The number of
shareholders of record of common stock as of the record date of May 23, 2003, was approximately 200. This does not reflect the number of persons or entities who held stock in nominee or street name through various brokerage firms. At May
23, 2003, there were 393,833 shares of common stock outstanding. The Companys ability to pay dividends to stockholders is primarily dependent upon income earned on investments and the dividends it receives from the Bank. The Bank may not
declare or pay a cash dividend on any of its stock if the effect thereof would cause the Banks regulatory capital to be reduced below (1) the amount required for the liquidation account established in connection with the Conversion, or (2) the
regulatory capital requirements imposed by the OTS.





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SELECTED CONSOLIDATED

FINANCIAL INFORMATION AND OTHER DATA



The following table sets forth certain information concerning the consolidated financial condition, earnings, and other data regarding the Company at the dates and for the periods indicated.



Selected financial condition and other data:



|                               |  | At March 31,          
|------------------------------ |  | ----------------------
|                               |  | 2003                  
|                               |  | (Dollars in thousands)
|Total assets                   |  | $                     
|Loans receivable, net          |  |                       
|Mortgage-backed securities     |  |                       
|Investments(1)                 |  |                       
|Cashnoninterest bearing       |  |                       
|Savings deposits               |  |                       
|Stockholders equity(2)        |  |                       
|                               |  |                       
|Number of full-service offices |  |                       



|(1) |  | Includes FHLMC stock and interest bearing deposits in other financial institutions
|--- |  | ----------------------------------------------------------------------------------

|(2) |  | Includes accumulated other comprehensive income, net of applicable income taxes
|--- |  | -------------------------------------------------------------------------------



Summary of Operations



|                                                    |  | Year Ended March 31,  
|--------------------------------------------------- |  | ----------------------
|                                                    |  | 2003                  
|                                                    |  | (Dollars in thousands)
|Interest and dividend income                        |  | $                     
|Interest expense                                    |  |                       
|                                                    |  |                       
|Net interest income                                 |  |                       
|Provision for loan losses                           |  |                       
|                                                    |  |                       
|Net interest income after provision for loan losses |  |                       
|                                                    |  |                       
|Non-interest income:                                |  |                       
|Service charges                                     |  |                       
|Gain on sale of available-for-sale securities       |  |                       
|Other income                                        |  |                       
|                                                    |  |                       
|Total other income                                  |  |                       
|                                                    |  |                       
|Non-interest expense:                               |  |                       
|Compensation and employee benefits                  |  |                       
|Occupancy and equipment                             |  |                       
|Deposit insurance premiums                          |  |                       
|Other general and administrative                    |  |                       
|                                                    |  |                       
|Total non-interest expense                          |  |                       
|                                                    |  |                       
|Income before income taxes                          |  |                       
|Provision for federal income taxes                  |  |                       
|                                                    |  |                       
|Net income                                          |  | $                     
|                                                    |  |                       



4



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The table below sets forth certain performance ratios of the Company for the periods indicated:



|                                                                                        |  | For the Year Ended March 31, |  
|--------------------------------------------------------------------------------------- |  | ---------------------------- | -
|                                                                                        |  | 2003                         |  
|Capital Ratios:                                                                         |  |                              |  
|Average equity to average assets ratio (average equity divided by average total assets) |  | 19.79                        | %
|Equity to assets at period end                                                          |  | 17.31                        | %
|                                                                                        |  |                             
|Performance Ratios:                                                                     |  |                              |  
|Return on average equity (net income divided by average equity)                         |  | 9.37                         | %
|Return on average assets (net income divided by average total assets                    |  | 1.85                         | %
|Net interest rate spread                                                                |  | 3.40                         | %
|Net yield on average interest earning assets                                            |  | 3.92                         | %
|Average interest earning assets to average interest-bearing liabilities                 |  | 120.77                       | %
|Net interest income after provision for possible loan losses, to total other expenses   |  | 121.41                       | %
|Non-interest expense to average assets                                                  |  | 3.07                         | %
|Efficiency ratio(1)                                                                     |  | 51.95                        | %
|                                                                                        |  |                             
|Asset Quality Ratios:                                                                   |  |                              |  
|Non-performing loans to total assets                                                    |  | 0.00                         | %
|Non-performing loans to total loans                                                     |  | 0.00                         | %
|Allowance for loan losses to total loans                                                |  | 0.59                         | %
|Allowance for loan losses to total non-performing loans                                 |  | N/A                          |  
|Allowance for loan losses to total non-performing assets(2)                             |  | N/A                          |  

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|(1) |  | Operating expenses as a percent of net interest income plus non interest income.
|--- |  | --------------------------------------------------------------------------------

|(2) |  | Non-performing assets include non-accrual loans, accruing loans more than 90 days past due, and real estate acquired in settlement of loans.
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------



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MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL

CONDITION AND RESULTS OF OPERATIONS



GENERAL



The Banks results of operations are primarily dependent on its net interest income, which is the difference between the interest income earned on its assets, primarily loans and investments, and the interest
expense on its liabilities, primarily deposits. Net interest income may be affected significantly by general economic and competitive conditions and policies of regulatory agencies, particularly those with respect to market interest rates. The
results of operations are also influenced by the level of non-interest expense, such as employee benefits and other income, loan-related fees, and fees on deposit-related services.



The Bank primarily originates fixed-rate loans with terms of up to 30 years and attempts to maintain sufficient capital and other liquid
assets to manage interest rate risk.



ASSET/LIABILITY MANAGEMENT



The Banks net interest income is sensitive to changes in interest
rates, as the rates paid on interest-bearing liabilities generally change faster than the rates earned on interest-earning assets. As a result, net interest income will frequently decline in periods of rising interest rates and increase in periods
of decreasing interest rates.



To mitigate the impact of changing interest
rates on its net interest income, the Bank manages its interest rate sensitivity and asset/liability products through two committees of the Board, the Loan Committee and the Investment Committee. The committees meet, as necessary, to determine the
rates of interest for loans and deposits. Rates on deposits are primarily based on the Banks need for funds and on a review of rates offered by other financial institutions in the Banks market areas. Interest rates on loans are primarily
based on the interest rates offered by other financial institutions in the Banks primary market areas as well as the Banks cost of funds.



The committees manage the interest rate sensitivity of the Bank through the determination and adjustment of asset/liability composition and pricing strategies. The
committees then monitor the impact of interest rate risk and earnings consequences of such strategies for consistency with the Banks liquidity needs, growth, and capital adequacy. The Banks principal strategy is to manage interest rate
sensitivity of its interest earning assets and interest bearing liabilities by maintaining sufficient capital and other liquid assets in the event of an increase in interest rate risk, typically because of an increase in market interest rates.



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AVERAGE BALANCE SHEET



The following table sets forth certain information relating to the Companys average balance sheet and reflects the average yield on
assets and average costs of liabilities for the periods indicated and the average yields earned and rates paid. Such yields and costs are derived by dividing income and expense by the average balance of assets and liabilities, respectively, for the
periods presented. Average balances are derived from month-end balances except as noted in item (7). Management does not believe that the use of month-end balances instead of daily average balances has caused any material differences in the
information presented.



|                                                                                 |  | Year Ended March 31 |        |          | At March 31 |                  
|-------------------------------------------------------------------------------- |  | ------------------- | ------ | -------- | ----------- | -----------------
|                                                                                 |  | 2003                |        |          | 2002        |                  
|                                                                                 |  | AverageBalance      |        | Interest |             | AverageYield/Cost
|Interest-earning assets:                                                         |  |                     |        |          |             |                  
|Loans receivable(1)                                                              |  | $                   | 30,219 |          | $           | 2,310            
|Investment securities(2)(6)                                                      |  |                     | 10,446 |          |             | 356              
|Mortgage-backed securities                                                       |  |                     | 2,322  |          |             | 97               
|                                                                                 |  |                     |        |          |             |                  
|Total interest-earning assets                                                    |  |                     | 42,987 |          |             | 2,763            
|                                                                                 |  |                     |        |          |             |                  
|Noninterest-earning assets                                                       |  |                     | 2,152  |          |             |                  
|                                                                                 |  |                     |        |          |             |                  
|Total assets                                                                     |  | $                   | 45,139 |          |             |                  
|                                                                                 |  |                     |        |          |             |                  
|Interest-bearing liabilities:                                                    |  |                     |        |          |             |                  
|Regular savings deposits                                                         |  | $                   | 16,055 |          |             | 401              
|NOW accounts                                                                     |  |                     | 1,250  |          |             | 12               
|Money market demand                                                              |  |                     | 1,596  |          |             | 32               
|Time deposits                                                                    |  |                     | 16,692 |          |             | 632              
|                                                                                 |  |                     |        |          |             |                  
|Subtotal deposits                                                                |  |                     | 35,593 |          |             | 1,077            
|Short-term borrowings(7)                                                         |  |                     |       |          |             |                 
|                                                                                 |  |                     |        |          |             |                  
|Total interest-bearing liabilities                                               |  |                     | 35,593 |          |             | 1,077            
|                                                                                 |  |                     |        |          |             |                  
|Noninterest-bearing liabilities                                                  |  |                     | 615    |          |             |                  
|                                                                                 |  |                     |        |          |             |                  
|Total Liabilities                                                                |  |                     | 36,208 |          |             |                  
|Retained Earnings(3)                                                             |  |                     | 8,931  |          |             |                  
|                                                                                 |  |                     |        |          |             |                  
|Total Liabilities and Retained Earnings                                          |  | $                   | 45,139 |          |             |                  
|                                                                                 |  |                     |        |          |             |                  
|Net interest income                                                              |  |                     |        |          | $           | 1,686            
|                                                                                 |  |                     |        |          |             |                  
|Interest rate spread(4)                                                          |  |                     |        |          |             |                  
|                                                                                 |  |                     |        |          |             |                  
|Net yield on interest-earning assets(5)                                          |  |                     |        |          |             |                  
|                                                                                 |  |                     |        |          |             |                  
|Ratio of average interest-earning assets to average interest-bearing liabilities |  |                     |        |          |             |                  
|                                                                                 |  |                     |        |          |             |                  

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|(1) |  | Average balances include non-accrual loans.
|--- |  | -------------------------------------------

|(2) |  | Includes interest-bearing deposits in other financial institutions, FHLB stock, and FHLMC stock, bonds.
|--- |  | -------------------------------------------------------------------------------------------------------

|(3) |  | Includes accumulated other comprehensive income on securities available-for-sale, net of applicable deferred income taxes.
|--- |  | --------------------------------------------------------------------------------------------------------------------------

|(4) |  | Interest rate spread represents the difference between the average yield on interest-earnings assets and the average cost of interest-bearing liabilities.
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) |  | Net yield on interest-earning assets represents net interest income as a percentage of average interest-earning assets.
|--- |  | -----------------------------------------------------------------------------------------------------------------------

|(6) |  | Includes municipal securities whose average yield/cost at March 31, 2002, is calculated on the tax equivalent yield.
|--- |  | --------------------------------------------------------------------------------------------------------------------

|(7) |  | Average balance is daily average balance.
|--- |  | -----------------------------------------



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RATE/VOLUME ANALYSIS



The table below sets forth certain information regarding changes in interest income and interest expense of the Company for the periods
indicated. For each category of interest-earning assets and interest-bearing liabilities, information is provided on changes attributable to (i) changes in volume (changes in average volume multiplied by old rate); (ii) changes in rates (changes in
rate multiplied by old average volume); (iii) changes in rate-volume (changes in rate multiplied by the change in average volume).



|                                   |  | Year Ended March 31, 2003 vs. 2002 |    
|---------------------------------- |  | ---------------------------------- | ---
|                                   |  | Volume                             |    
|                                   |  | (In thousands)                     |    
|Interest-earning assets:           |  |                                    |    
|Loans receivable                   |  | $                                  | 95 
|Investment securities              |  |                                    | 154
|Mortgage-backed securities         |  |                                    | 126
|                                   |  |                                    |    
|Total interest-earning assets      |  |                                    | 375
|                                   |  |                                    |    
|Interest-bearing liabilities:      |  |                                    |    
|Savings deposits                   |  |                                    | 378
|Short-term borrowings              |  |                                    | (35
|                                   |  |                                    |    
|Total interest-bearing liabilities |  |                                    | 343
|                                   |  |                                    |    
|Net change in net interest income  |  | $                                  | 32 
|                                   |  |                                    |    



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Comparison of Financial Condition



The Companys total assets increased by approximately $6.3 million to $47,208,000 at March 31, 2003, from $40,881,000 at March 31,
2002. Cash and cash equivalents decreased $1.9 million to $2,954,000 at March 31, 2003, from $4,834,000 at March 31, 2002. This decrease represented the outflow of cash associated with the payment of dividends and purchase of available-for-sale
securities and shares for Treasury, offset by the net cash provided by operating activities, depositors investment of funds, proceeds from the maturity, call, or sale of available-for-sale securities, and principal collected on mortgage-backed
securities. Investment securities increased $8.4 million from $3,693,000 at March 31, 2002, to $12,105,000 at March 31, 2003. This increase was the result of the purchase of $12.2 million in U.S. Agency, municipal, and mortgage-backed securities,
offset by $2.1 million in matured or called U.S. Agency securities, $783,000 in principal collected on mortgage-backed securities, and a $850,000 decrease in the fair value of available-for-sale securities due to the sale of Federal Home Loan
Mortgage Corporation (FHLMC) stock. Net loans receivable decreased $208,000 from $30,265,000 at March 31, 2002, to $30,057,000 at March 31, 2003. The decrease in loans was attributable to a decrease in one-to-four family residential
mortgage loans offset by an increase in commercial loans. Office property and equipment decreased $41,000 from $1,582,000 at March 31, 2002, to $1,541,000 at March 31, 2003, which was the result of $89,000 in depreciation charges, offset by
purchases of office furniture, fixtures, and equipment of $48,000 during the fiscal year ended March 31, 2003.



Total liabilities increased $7.2 million from $31,804,000 at March 31, 2002, to $39,037,000 at March 31, 2003. The increase was attributable to a $7.1 million increase in deposits from $31,344,000 at March 31, 2002,
to $38,473,000 at March 31, 2003, which is the direct result of the relatively stable interest rates offered by the Bank on savings deposit accounts as compared to alternative investment products. Deferred income tax liability decreased $335,000
which was the result of the tax effect on the decrease in the fair value of available-for-sale securities during the year ended March 31, 2003. Accrued interest payable and other liabilities increased $431,000, from $134,000 at March 31, 2002, to
$565,000 at March 31, 2003. The increase was the direct result of the increase in accrued income tax payable caused by the increase in income before income taxes.



Stockholders equity decreased $906,000 to $8,171,000 at March 31, 2003, compared to $9,077,000 at March 31, 2002. The decrease was
attributable to the purchase of Treasury shares in the amount of $1,149,000, payment of dividends in the amount of $189,000, and the decrease of $560,000 in accumulated other comprehensive income, due to the sale of FHLMC stock, net of tax, offset
by net income of $837,000, allocation of shares in the ESOP in the amount of $86,000, and the vesting of shares in the RSP in the amount of $69,000.



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Comparison of the Results of Operations for the Years Ended March 31, 2003 and 2002



Net Income. Net income increased by $564,000, or 206.0%, from net income of $273,000
for the year ended March 31, 2002, to net income of $837,000 for the year ended March 31, 2003.



Interest and Dividend Income. Interest and dividend income increased $222,000, or 8.8%, to $2,763,000 for the year ended March 31, 2003, compared to $2,541,000 for the year ended March 31, 2002. The increase in
interest and dividend income was the result of the $252,000, or 185.7%, increase in taxable interest on investments from $136,000 as of March 31, 2002, to $388,000 as of March 31, 2003, which was the result of an increase in the average balance of
investments of $6.7 million from $6.1 million for the year ended March 31, 2002, to $12.8 million for the year ended March 31, 2003. This increase was offset by the $23,000, or 1.0%, decrease in taxable interest on loans from $2,316,000 as of March
31, 2002, to $2,293,000 as of March 31, 2003. This decrease was the result of a decrease of 40 basis points in the average yield on loans from 8.04% for the year ended March 31, 2002, to 7.64% for the year ended March 31, 2003, offset by the $1.9
million increase in the average loan balance.



Interest Expense.
Interest expense decreased $45,000, or 4.1%, from $1,123,000 for the year ended March 31, 2002, to $1,078,000 for the year ended March 31, 2003. Interest expense on the Federal Home Loan Bank (FHLB) advance decreased $35,000, or 100.0%,
for which no borrowing from the FHLB existed during the year ended March 31, 2003. A decrease of 109 basis points in the cost of funds from 4.12% for the year ended March 31, 2002, to 3.03% for the year ended March 31, 2002, offset by the increase
in the average balance of interest-bearing deposits of $9.2 million to $35.6 million from $26.4 million, resulted in the decrease in interest expense on deposits of $10,000, or 1.0%.



Net Interest Income. Net interest income increased $268,000, or 18.9%, from $1,418,000 for the year ended March 31, 2002, to
$1,686,000 for the year ended March 31, 2003. The increase is primarily attributable to the increase in interest and dividend income and the decrease in interest expense, as previously discussed.



Provision For Loan Losses.The provision for loan losses decreased $300, from $2,100
for the year ended March 31, 2002, to $1,800 for the year ended March 31, 2003, based on managements analysis of the reserves adequacy. The reserve for loan losses was $178,000 at March 31, 2002, as compared to $176,000 at March 31,
2003.



Noninterest Income. Noninterest income increased by $868,000,
from $118,000 for the year ended March 31, 2002, to $986,000 for the year ended March 31, 2003. The increase is primarily attributable to the increase in gain on sale of available-for-sale securities in the amount of $843,000, from $62,000 for the
year ended March 31, 2002, to $905,000 for the year ended March 31, 2003.



Noninterest Expense. Noninterest expense increased by $204,000, or 17.3%, from $1,183,000 for the year ended March 31, 2002, to $1,387,000 for the year ended March 31, 2003. Compensation and employee benefits increased by $155,000,
or 23.7%, from $653,000 for the year ended March 31, 2002, to $808,000 for the year ended March 31, 2003. The increase in compensation and employee benefits was partially



10



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attributable to the recognition of $89,000 in compensation expense for the First Federal Savings Bank Directors Consultation and Retirement Plan, effective
July 1, 2002. The increase was also attributable to an increase of $40,000 in pension expense related to the adoption of the 401(k) defined contribution retirement plan on October 17, 2002 and the increase in pension expense regarding the
multi-employer plan, which was terminated during the year ended March 31, 2003. Compensation expense also increased $5,000 as a result of the increase in ESOP compensation costs and $12,000 as a direct result of an increase in compensation costs
associated with the RSP. ESOP costs are recognized monthly at the fair value of Company stock. The increase in ESOP costs is the result of an increase in the fair value of Company stock during the year ended March 31, 2003. The increase in RSP costs
was the direct result of participants electing to defer vesting of RSP shares for the period of July 1, 2000 through July 1, 2001. Occupancy expense increased by $19,000, or 23.3%, from $80,000 for the year ended March 31, 2002 to $99,000 for the
year ended March 31, 2003. The increase was the direct result of an increase in repairs and maintenance charges and an increase in real estate taxes paid on the new Parkersburg, WV branch office. Furniture and equipment expense increased by $15,000,
or 24.7%, to $77,000 for the year ended March 31, 2003, from $62,000 for the year ended March 31, 2002 as a result of an increase in repairs, maintenance, and depreciation charges. Other expenses increased by $10,000, or 9.8%, to $113,000 for the
year ended March 31, 2003, from $103,000 for the year ended March 31, 2002. Other expenses increased as a result of new loan software training expenses and postage expenses attributable to the mailing of customer checking and money market deposit
statements in-house which did not occur during the year ended March 31, 2002.



Income Taxes.Income tax expense increased by $368,000, from $78,000 for the year ended March 31, 2002, to $446,000 for the year ended March 31, 2003 due to an increase in pre-tax income.



Liquidity and Capital Resources



The Banks sources of funds are deposits, amortization and repayment of loans and
mortgage-backed securities, maturities of investment securities, and funds provided from operations. While scheduled loan repayments are a relatively predictable source of funds, deposit flows and loan prepayments are greatly influenced by general
interest rates, economic conditions, and competition. The Bank uses its sources of funds to fund existing and future loan commitments, to fund maturing certificates of deposit and demand deposit withdrawals, to invest in other interest-earning
assets, to maintain liquidity, and to meet operating expenses.



Net cash
provided by operating activities for the year ended March 31, 2003, totaled $560,000, an increase of $190,000 from $370,000 for the year ended March 31, 2002. Net cash provided by operating activities was primarily attributable to net income of
$837,000 for the year ended March 31, 2003, adjusted by depreciation, amortization, and accretion in the amount of $158,000, change in accrued interest payable and other liabilities in the amount of $431,000, amortization of the ESOP and RSP in the
amount of $86,000 and $69,000, respectively, offset by the gain on sale of available-for-sale securities in the amount of $905,000, change in accrued interest receivable and other assets of $73,000, and change in deferred federal income tax
liability of $45,000.



11



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Net cash used in investing activities for the year ended March 31, 2003, totaled $8,231,000, an increase of $4,647,000
from $3,584,000 for the year ended March 31, 2002. Net cash used in investing activities was attributable to $12,198,000 used in purchases of available-for-sale securities, offset by $3,774,000 provided by the sale, maturity, or call of investments
and principal collected on mortgage-backed securities.



Net cash provided by
financing activities for the year ended March 31, 2003, totaled $5,791,000, as compared to net cash provided by financing activities of $6,923,000 for the year ended March 31, 2002. Net cash provided by financing activities was attributable to the
net increase in customer deposits in the amount of $7,128,000, offset by the purchase of Treasury shares in the amount of $1,149,000 and payment of dividends in the amount of $188,000.



Liquidity may be adversely affected by unexpected deposit outflows, excessive interest rates paid by competitors, adverse publicity relating
to the industry, and similar matters. Management monitors projected liquidity needs and determines the level desired based, in part, on the Banks commitments to make loans and managements assessment of the Banks ability to generate
funds.



Certificates of deposit scheduled to mature during the year ended March
31, 2004, total $11,551,000. The Bank may renew these certificates, attract new replacement deposits or replace such funds with borrowed funds. Management believes, based on past experience, that the Bank will retain much of the deposits or replace
them with new deposits.



Under federal regulations, the Bank is required to
meet certain minimum regulatory capital guidelines. The Bank was in compliance with these requirements at March 31, 2003. See Note 8 of the Notes to Consolidated Financial Statements.



Impact of Inflation and Changing Prices



The consolidated financial statements and the accompanying notes presented elsewhere in this document have been prepared in accordance with accounting principles
generally accepted in the United States of America, which require the measurement of financial position and operating results in terms of historical dollars without considering the change in the relative purchasing power of money over time and due
to inflation. Unlike industrial companies, virtually all of the assets and liabilities of a financial institution are monetary in nature. As a result, interest rates have a more significant impact on a financial institutions performance than
the effects of general levels of inflation. Interest rates do not necessarily move in the direction or with the same magnitude as the prices of goods and services.



Recent Accounting Pronouncements



The FASB issued SFAS No. 142, Goodwill and Other Intangible Assets, which addresses financial accounting and reporting for acquired goodwill and other
intangible assets and supersedes APB Opinion No. 17, Intangible Assets, but it does carry forward some guidance from that statement. This statement requires that an intangible asset that is acquired either individually or with a group of
other assets (but not those acquired in a



12



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business combination) shall be initially recognized and measured based on its fair value. Under SFAS No. 142, goodwill is not amortized and intangible assets
with a finite useful life are amortized and those intangible assets with an infinite life are not amortized. This statement is generally effective for fiscal years beginning after December 15, 2001, to all goodwill and other intangible assets
recognized in an entitys statement of financial position at the beginning of that fiscal year, regardless of when those previously recognized assets were initially recognized. The provisions of this statement shall be initially applied at the
beginning of a fiscal year. Retroactive application is not permitted. The adoption of SFAS No. 142 did not have a material impact on the Company.



The FASB issued SFAS No. 143, Accounting for Asset Retirement Obligations, which addresses financial accounting and reporting for obligations associated with
the retirement of tangible long-lived assets and the associated asset retirement costs. This statement requires an entity to recognize the fair value of a liability for an asset retirement obligation in the period in which it is incurred if a
reasonable estimate of fair value can be made. This statement is effective for financial statements issued for fiscal years beginning after June 15, 2002. Initial application of this statement is as of the beginning of an entitys fiscal year.
Management does not believe the adoption of SFAS No. 143 will have a material impact on the Company.



The FASB issued SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets. SFAS No. 144 supercedes SFAS No. 121, Accounting for the Impairment of Long-Lived Assets and for
Long-Lived Assets to be Disposed, and the Accounting Principles Board Opinion No. 30, Reporting the Results of Operations-Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring
Events and Transactions, and amends Accounting Research Bulletin No. 51, Consolidated Financial Statements. This statement is generally effective for financial statements issued for fiscal years beginning after December 31, 2001,
and interim periods within those fiscal years. The adoption of SFAS No. 144 did not have a material impact on the Company.



The FASB also issued SFAS No. 145, Rescission of SFAS No. 4, 44, and 64, Amendment of SFAS No. 13, and Technical Corrections. This Statement rescinds SFAS No.
4, Reporting Gains and Losses from Extinguishments of Debt, and an amendment of that Statement, SFAS No. 64, Extinguishments of Debt made to Satisfy Sinking-Fund Requirements. This Statement also rescinds SFAS No. 44,
Accounting for Intangible Assets of Motor Carriers. This Statement amends SFAS No. 13, Accounting for Leases, to eliminate the inconsistency between the required accounting for sale-leaseback transactions and the required
accounting for certain lease modifications that have economic effects that are similar to sale-leaseback transactions. This Statement also amends other existing authoritative pronouncements to make various technical corrections, clarify meanings, or
describe their applicability under changed conditions. This statement is generally effective for financial statements issued on or after May 15, 2002. The adoption of SFAS No. 144 did not have a material impact on the Company.



The FASB issued SFAS No. 146, Accounting for Costs Associated with Exit or Disposal
Activities. This Statement requires that a liability for a cost associated with an exit or disposal activity be recognized and measured initially at fair value when the liability is incurred. This statement nullifies Emerging Issues Task Force
Issue No. 94-3, which required the recognition of a liability for an exit cost at the date of an entitys commitment to



13



---

an exit plan. The effective date of this statement is for exit or disposal activities that are initiated after December 31, 2002, with early application
encouraged. The adoption of this Statement did not have a material impact on the Company.



The FASB issued SFAS No. 147, Acquisitions of Certain Financial Institutions. Except for transactions between two or more mutual enterprises, this Statement removes acquisitions of financial institutions
from the scope of both SFAS No. 72, Accounting for Certain Acquisitions of Banking and Thrift Institutions and FASB Interpretation No. 9, Applying APB Opinions No. 16 and 17 When a Savings and Loan Association or Similar
Institution Is Acquired in a Business Combination Accounted for by the Purchase Method. SFAS No. 147 requires that these transactions be accounted for in accordance with FASB Statements No. 141, Business Combinations and No. 142,
Goodwill and Other Intangible Assets. This statement also amends SFAS No. 144 to include in its scope long-term customer-relationship intangible assets of financial institutions such as depositor- and borrower- relationship intangible
assets and credit cardholder intangible assets. The effective date of this Statement is generally for activities on or after October 1, 2002. The adoption of SFAS No. 147 did not have a material impact on the Company.



On December 31, 2002, the FASB issued SFAS No. 148, Accounting for Stock-Based
CompensationTransition and Disclosure, which amends SFAS No. 123, Accounting for Stock-Based Compensation. SFAS No. 148 amends the disclosure requirements of SFAS No. 123 to require more prominent and more frequent
disclosures in financial statements about the effects of stock-based compensation. Under the provisions of SFAS No. 123, companies that adopted the preferable, fair value based method were required to apply that method prospectively for new stock
option awards. This contributed to a ramp-up effect on stock-based compensation expense in the first few years following adoption, which caused concern for companies and investors because of the lack of consistency in reported results.
To address that concern, SFAS No. 148 provides two additional methods of transition that reflect an entitys full complement of stock-based compensation expense immediately upon adoption, thereby eliminating the ramp-up effect. SFAS No. 148
also improves the clarity and prominence of disclosures about the pro forma effects of using the fair value based method of accounting for stock-based compensation for all companiesregardless of the accounting method usedby requiring
that the data be presented more prominently and in a more user-friendly format in the footnotes to the financial statements. In addition, the statement improves the timeliness of those disclosures by requiring that this information be included in
interim as well as annual financial statements. The transition guidance and annual disclosure provisions of SFAS No. 148 are effective for fiscal years ending after December 15, 2002, with earlier application permitted in certain circumstances. The
interim disclosure provisions are effective for financial reports containing financial statements for interim periods beginning after December 15, 2002. The adoption of SFAS No. 148 did not have a material impact on the Company. The disclosure
requirements are incorporated in Note 1.



In November 2002, the FASB issued
Interpretation No. 45, Guarantors Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others. This interpretation elaborates on the disclosures to be made by a guarantor in
its interim and annual financial statements about its obligations under certain guarantees that it has issued. This interpretation clarifies that a guarantor is required to disclose (a) the nature of the guarantee, including the approximate term of
the guarantee, how the guarantee arose, and the events or circumstances that would require the guarantor to



14



---

perform under the guarantee; (b) the maximum potential amount of future payments under the guarantee; (c) the carrying amount of the liability, if any, for
the guarantors obligations under the guarantee; and (d) the nature and extent of any recourse provisions or available collateral that would enable the guarantor to recover the amounts paid under the guarantee. This interpretation also
clarifies that a guarantor is required to recognize, at the inception of a guarantee, a liability for the obligations it has undertaken in issuing the guarantee, including its ongoing obligation to stand ready to perform over the term of the
guarantee in the event that the specified triggering events or conditions occur. The objective of the initial measurement of that liability is the fair value of the guarantee at its inception. The initial recognition and initial measurement
provisions of this interpretation are applicable on a prospective basis to guarantees issued or modified after December 31, 2002, irrespective of the guarantors fiscal year end. The disclosure requirements in this interpretation are effective
for financial statements of interim or annual periods ending after December 15, 2002. Adoption did not have a material impact on the Company.



In January 2003, the FASB issued Interpretation No. 46, Consolidation of Variable Interest Entities which addresses whether certain types of entities,
referred to as variable interest entities (VIE), should be consolidated in a companys financial statements. A VIE is an entity that either (1) has equity investors that lack certain essential characteristics of a controlling
financial interest (including the ability to control the entity, the obligation to absorb the entitys expected losses and the right to receive the entitys expected residual returns), or (2) lacks sufficient equity to finance its own
activities without financial support provided by other entities, which in turn would be expected to absorb at least some of the expected losses of the VIE. An entity should consolidate a VIE if it stands to absorb a majority of the VIEs
expected losses or to receive a majority of the VIEs expected residual returns. The Company adopted the Interpretation for relationships with VIEs that begin on or after February 1, 2003. The implementation of the consolidation guidance
did not have a material effect on the Company.



On April 30, 2003, the FASB
issued SFAS No. 149 Amendment of Statement 133 on Derivative Instruments and Hedging Activities. The statement amends and clarifies accounting for derivative instruments embedded in other contracts, and for hedging activities under
Statement 133. The amendments improve financial reporting by requiring that contracts with comparable characteristics be accounted for similarly. The statement also clarifies under what circumstances a contract with an initial net investment meets
the characteristic of a derivative. In addition, it clarifies when a derivative contains a financing component that warrants special reporting in the statement of cash flows. The statement is generally effective for contracts entered into or
modified after June 30, 2003. Management does not believe the adoption of SFAS No. 149 will have a material impact on the Company.



15



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Independent Auditors Report



Board of Directors

Sistersville Bancorp, Inc.



We have audited the accompanying consolidated balance sheets of Sistersville Bancorp, Inc. and Subsidiary as of March 31, 2003 and 2002, and the related consolidated
statements of income, changes in shareholders equity, and cash flows for each of the years then ended. These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these
financial statements based on our audits.



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



In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Sistersville Bancorp, Inc. and
Subsidiary at March 31, 2003 and 2002, and the consolidated results of its operations and cash flows for each of the years then ended, in conformity with accounting principles generally accepted in the United States of America.



|                                      
|--------------------------------------
|/s/    S. R. SNODGRASS, A.C.          
|                                      
|Wheeling, West Virginia April 17, 2003





16



---

SISTERSVILLE BANCORP, INC.

CONSOLIDATED BALANCE SHEETS



|                                                                                                                                                            |  | March 31, |           
|----------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------- | ----------
|                                                                                                                                                            |  | 2003      |           
|ASSETS                                                                                                                                                      |  |           |           
|Cash and Cash Equivalents                                                                                                                                   |  |           |           
|Cash and amounts due from banks                                                                                                                             |  | $         | 264,310   
|Interest-bearing deposits with other institutions                                                                                                           |  |           | 2,689,306 
|                                                                                                                                                            |  |           |           
|Total cash and cash equivalents                                                                                                                             |  |           | 2,953,616 
|                                                                                                                                                            |  |           |           
|Investment Securities                                                                                                                                       |  |           |           
|Securities held-to-maturity (fair value of $78,610 and $107,001, respectively)                                                                              |  |           | 75,699    
|Securities available-for-sale                                                                                                                               |  |           | 12,029,150
|                                                                                                                                                            |  |           |           
|Total investment securities                                                                                                                                 |  |           | 12,104,849
|                                                                                                                                                            |  |           |           
|Loans receivable (net of allowance for loan losses of $176,359 and $178,100, respectively)                                                                  |  |           | 30,057,439
|Office properties and equipment, net                                                                                                                        |  |           | 1,541,119 
|Federal Home Loan Bank (FHLB) stock, at cost                                                                                                                |  |           | 212,700   
|Deferred income taxes                                                                                                                                       |  |           | 8,179     
|Accrued interest receivable (net of reserve for uncollected interest of $-0- and $1,314, respectively)                                                      |  |           | 286,810   
|Other assets                                                                                                                                                |  |           | 43,629    
|                                                                                                                                                            |  |           |           
|TOTAL ASSETS                                                                                                                                                |  | $         | 47,208,341
|                                                                                                                                                            |  |           |           
|LIABILITIES AND STOCKHOLDERS EQUITY                                                                                                                        |  |           |           
|                                                                                                                                                            |  |          
|LIABILITIES                                                                                                                                                 |  |           |           
|Deposits                                                                                                                                                    |  | $         | 38,472,626
|Deferred income taxes                                                                                                                                       |  |           |          
|Accrued interest payable and other liabilities                                                                                                              |  |           | 564,672   
|                                                                                                                                                            |  |           |           
|Total liabilities                                                                                                                                           |  |           | 39,037,298
|                                                                                                                                                            |  |           |           
|STOCKHOLDERS EQUITY                                                                                                                                        |  |           |           
|Preferred Stock, $.10 par value; 500,000 shares authorized, none issued                                                                                     |  |           |          
|Common Stock, $.10 par value; 2,000,000 shares authorized; 661,428 issued; 393,833 outstanding at March 31, 2003, and 460,623
outstanding at March 31, 2002 |  |           | 66,143    
|Additional paid-in capital                                                                                                                                  |  |           | 6,255,184 
|Treasury Stock (267,595 shares at March 31, 2003, and 200,805 shares at March 31, 2002)                                                                     |  |           | (3,793,309
|Retained Earningssubstantially restricted                                                                                                                  |  |           | 5,777,279 
|Accumulated other comprehensive income                                                                                                                      |  |           | 151,039   
|Unearned Employee Stock Ownership Plan shares (ESOP)                                                                                                        |  |           | (216,576  
|Unearned Restricted Stock Plan shares (RSP)                                                                                                                 |  |           | (68,717   
|                                                                                                                                                            |  |           |           
|Total stockholders equity                                                                                                                                  |  |           | 8,171,043 
|                                                                                                                                                            |  |           |           
|TOTAL LIABILITIES AND STOCKHOLDERS EQUITY                                                                                                                  |  | $         | 47,208,341
|                                                                                                                                                            |  |           |           



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



17



---

SISTERSVILLE BANCORP, INC.

CONSOLIDATED STATEMENTS OF INCOME



|                                                     |  | Year Ended March 31,
|---------------------------------------------------- |  | --------------------
|                                                     |  | 2003                
|INTEREST AND DIVIDEND INCOME                         |  |                     
|Taxable interest on loans                            |  | $                   
|Taxable interest on investments                      |  |                     
|Nontaxable interest on loans                         |  |                     
|Nontaxable interest on investments                   |  |                     
|Dividends on Federal Home Loan Bank Stock            |  |                     
|Dividends on Federal Home Mortgage Corporation stock |  |                     
|                                                     |  |                     
|Total interest and dividend income                   |  |                     
|                                                     |  |                     
|INTEREST EXPENSE                                     |  |                     
|Deposits                                             |  |                     
|Federal Home Loan Bank advances                      |  |                     
|                                                     |  |                     
|Total interest expense                               |  |                     
|                                                     |  |                     
|NET INTEREST INCOME                                  |  |                     
|PROVISION FOR LOAN LOSSES                            |  |                     
|                                                     |  |                     
|NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES  |  |                     
|                                                     |  |                     
|NONINTEREST INCOME                                   |  |                     
|Service charges                                      |  |                     
|Other income                                         |  |                     
|Gain on sale of available-for-sale securities        |  |                     
|                                                     |  |                     
|Total noninterest income                             |  |                     
|                                                     |  |                     
|NONINTEREST EXPENSE                                  |  |                     
|Compensation and employee benefits                   |  |                     
|Occupancy                                            |  |                     
|Furniture and equipment expense                      |  |                     
|Deposit insurance premiums                           |  |                     
|Supervisory examination, audit, and legal            |  |                     
|Advertising and public relations                     |  |                     
|Service bureau expense                               |  |                     
|Franchise, payroll, and other taxes                  |  |                     
|Other expenses                                       |  |                     
|                                                     |  |                     
|Total noninterest expense                            |  |                     
|                                                     |  |                     
|INCOME BEFORE INCOME TAXES                           |  |                     
|INCOME TAXES                                         |  |                     
|                                                     |  |                     
|NET INCOME                                           |  | $                   
|                                                     |  |                     
|EARNINGS PER SHARE                                   |  |                     
|Basic                                                |  | $                   
|                                                     |  |                     
|Diluted                                              |  | $                   
|                                                     |  |                     
|AVERAGE SHARES OUTSTANDING                           |  |                     
|Basic                                                |  |                     
|                                                     |  |                     
|Diluted                                              |  |                     
|                                                     |  |                     



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



18



---

SISTERSVILLE BANCORP, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME



|                                                                        |  | Year Ended March 31, |         
|----------------------------------------------------------------------- |  | -------------------- | --------
|                                                                        |  | 2003                 |         
|NET INCOME                                                              |  | $                    | 836,867 
|                                                                        |  |                      |         
|OTHER COMPREHENSIVE GAIN (LOSS), NET OF TAX                             |  |                      |         
|Unrealized gain (loss) on securities:                                   |  |                      |         
|Unrealized holding gain (loss)                                          |  |                      | 37,249  
|Less reclassification adjustment for (loss) gain included in net income |  |                      | 597,284 
|                                                                        |  |                      |         
|Other comprehensive gain (loss)                                         |  |                      | (560,035
|                                                                        |  |                      |         
|COMPREHENSIVE INCOME                                                    |  | $                    | 276,832 
|                                                                        |  |                      |         



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



19



---

SISTERSVILLE BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY



|                                              |  | PreferredStock |   | CommonStock |   | AdditionalPaid inCapital |  | Retained Earnings SubstantiallyRestricted |           |  | Accumulated Other Compre-hensive Income |           |   | UnearnedShares inESOP |   |          | Unearned Shares in RSP |  |   | TreasuryStock |   |  | Total Stockholders Equity |         
|--------------------------------------------- |  | -------------- | - | ----------- | - | ------------------------ |  | ------------------------------------------ | --------- |  | --------------------------------------- | --------- | - | --------------------- | - | -------- | ---------------------- |  | - | ------------- | - |  | -------------------------- | --------
|BALANCE, MARCH 31, 2001                       |  | $              |  |             | $ | 66,143                   |  | $                                          | 6,187,187 |  | $                                       | 5,026,672 |   |                       | $ | 796,659  |                        |  | $ | (313,780      | ) |  | $                          | (194,397
|2002 net income                               |  |                |  |             |   |                         |  |                                            |          |  |                                         | 273,482   |   |                       |   |         |                        |  |   |              |   |  |                            |        
|Accrued compensation expense-ESOP             |  |                |  |             |   |                         |  |                                            | 26,108    |  |                                         |          |   |                       |   |         |                        |  |   | 52,914        |   |  |                            |        
|Vesting of RSP shares                         |  |                |  |             |   |                         |  |                                            |          |  |                                         |          |   |                       |   |         |                        |  |   |              |   |  |                            | 56,930  
|Other comprehensive income (loss) net of tax  |  |                |  |             |   |                         |  |                                            |          |  |                                         |          |   |                       |   | (85,585  | )                      |  |   |              |   |  |                            |        
|Cash dividends declared ($.40 per share)      |  |                |  |             |   |                         |  |                                            |          |  |                                         | (171,330  | ) |                       |   |         |                        |  |   |              |   |  |                            |        
|Purchase of Treasury Stock                    |  |                |  |             |   |                         |  |                                            |          |  |                                         |          |   |                       |   |         |                        |  |   |              |   |  |                            |        
|                                              |  |                |   |             |   |                          |  |                                            |           |  |                                         |           |   |                       |   |          |                        |  |   |               |   |  |                            |         
|BALANCE, MARCH 31, 2002                       |  |                |  |             |   | 66,143                   |  |                                            | 6,213,295 |  |                                         | 5,128,824 |   |                       |   | 711,074  |                        |  |   | (260,866      | ) |  |                            | (137,467
|2003 net income                               |  |                |  |             |   |                         |  |                                            |          |  |                                         | 836,867   |   |                       |   |         |                        |  |   |              |   |  |                            |        
|Accrued compensation expense-ESOP             |  |                |  |             |   |                         |  |                                            | 41,889    |  |                                         |          |   |                       |   |         |                        |  |   | 44,290        |   |  |                            |        
|Vesting of RSP shares                         |  |                |  |             |   |                         |  |                                            |          |  |                                         |          |   |                       |   |         |                        |  |   |              |   |  |                            | 68,750  
|Other comprehensive income (loss), net of tax |  |                |  |             |   |                         |  |                                            |          |  |                                         |          |   |                       |   | (560,035 | )                      |  |   |              |   |  |                            |        
|Cash dividends declared ($.45 per share)      |  |                |  |             |   |                         |  |                                            |          |  |                                         | (188,412  | ) |                       |   |         |                        |  |   |              |   |  |                            |        
|Purchase of Treasury Stock                    |  |                |  |             |   |                         |  |                                            |          |  |                                         |          |   |                       |   |         |                        |  |   |              |   |  |                            |        
|                                              |  |                |   |             |   |                          |  |                                            |           |  |                                         |           |   |                       |   |          |                        |  |   |               |   |  |                            |         
|BALANCE, MARCH 31, 2003                       |  | $              |  |             | $ | 66,143                   |  | $                                          | 6,255,184 |  | $                                       | 5,777,279 |   |                       | $ | 151,039  |                        |  | $ | (216,576      | ) |  | $                          | (68,717 
|                                              |  |                |   |             |   |                          |  |                                            |           |  |                                         |           |   |                       |   |          |                        |  |   |               |   |  |                            |         



The accompanying notes
are an integral part of the consolidated financial statements



20



---

SISTERSVILLE BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS



|                                                                                  |  | Year Ended March 31, |            
|--------------------------------------------------------------------------------- |  | -------------------- | -----------
|                                                                                  |  | 2003                 |            
|OPERATING ACTIVITIES                                                              |  |                      |            
|Net income                                                                        |  | $                    | 836,867    
|Adjustments to reconcile net income to net cash provided by operating activities: |  |                      |            
|Depreciation, amortization, and accretion, net                                    |  |                      | 157,654    
|Gain on sale of available-for-sale securities                                     |  |                      | (904,976   
|Provision for loan losses                                                         |  |                      | 1,800      
|Deferred federal income taxes                                                     |  |                      | (44,987    
|ESOP amortization                                                                 |  |                      | 86,179     
|RSP amortization                                                                  |  |                      | 68,750     
|Increase in accrued interest receivable and other assets                          |  |                      | (72,418    
|Increase (decrease) in accrued interest payable and other liabilities             |  |                      | 431,023    
|                                                                                  |  |                      |            
|Net cash provided by operating activities                                         |  |                      | 559,892    
|                                                                                  |  |                      |            
|INVESTING ACTIVITIES                                                              |  |                      |            
|Purchase of available-for-sale securities                                         |  |                      | (12,198,491
|Proceeds from sale of available-for-sale securities                               |  |                      | 915,938    
|Proceeds from maturity or call of available-for-sale securities                   |  |                      | 2,075,000  
|Principal collected on mortgage-backed securities                                 |  |                      | 782,665    
|Purchase of FHLB stock                                                            |  |                      | (89,500    
|Sale of FHLB stock                                                                |  |                      | 125,800    
|Net (increase) decrease in loans                                                  |  |                      | 205,638    
|Purchases of office properties and equipment                                      |  |                      | (48,450    
|                                                                                  |  |                      |            
|Net cash used in investing activities                                             |  |                      | (8,231,400 
|                                                                                  |  |                      |            
|FINANCING ACTIVITIES                                                              |  |                      |            
|Net increase in deposits                                                          |  |                      | 7,128,495  
|Dividends paid                                                                    |  |                      | (188,412   
|Purchase of Treasury Stock                                                        |  |                      | (1,149,082 
|                                                                                  |  |                      |            
|Net cash provided by financing activities                                         |  |                      | 5,791,001  
|                                                                                  |  |                      |            
|Change in cash and cash equivalents                                               |  |                      | (1,880,507 
|                                                                                  |  |                     
|CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                    |  |                      | 4,834,123  
|                                                                                  |  |                      |            
|CASH AND CASH EQUIVALENTS, END OF PERIOD                                          |  | $                    | 2,953,616  
|                                                                                  |  |                      |            
|SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION                                |  |                      |            
|Cash paid during the period for:                                                  |  |                      |            
|Interest on deposits                                                              |  | $                    | 1,084,080  
|Income taxes                                                                      |  |                      | 182,178    



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



21



---

SISTERSVILLE BANCORP, INC. AND SUBSIDIARY

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2003 AND 2002



NOTE 1SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Sistersville Bancorp, Inc. (the Company) was organized in
March, 1997, as a State of Delaware chartered corporation. The Company acquired 100 percent of the common stock of First Federal Savings Bank (the Bank) upon the conversion of First Federal Savings and Loan Association of Sistersville
(the Association) from a federally-chartered mutual savings and loan to a federally-chartered stock savings bank in June, 1997. The operating results of the Company depend primarily upon the operating results of the Bank.



Nature of OperationsThe Company provides savings and financing
services primarily to individuals through its wholly-owned subsidiary, First Federal Savings Bank located in Sistersville, West Virginia and its branch office located in Parkersburg, West Virginia. Primary deposit products consist of savings, NOW,
and money market deposit accounts, and certificates of deposit. Primary lending products consist of conventional mortgage, construction, commercial, and consumer loans. The Banks primary market area for lending and deposits consists of Wood,
Pleasants, Tyler, and Wetzel Counties in West Virginia.



Principles of ConsolidationThe consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, First Federal Savings Bank. Material intercompany accounts and transactions have been
eliminated.



Use of EstimatesThe preparation of
financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures 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.



Held-to-Maturity SecuritiesThese securities are purchased with
the original intent to hold to maturity and events which may be reasonably anticipated are considered when determining the Companys intent and ability to hold to maturity. Securities meeting such criteria at the date of purchase and as of the
balance sheet date are carried at cost, adjusted for amortization of premiums and accretion of discounts.



Available-for-Sale SecuritiesSecurities to be held for indefinite periods of time and not intended to be held-to-maturity are classified as
available-for-sale and carried at fair value with unrealized gains and losses, net of tax, reflected as a component of stockholders equity until realized. Securities held for indefinite periods of time include securities that may be sold to
meet liquidity needs or in response to significant changes in interest rates or prepayment risks as part of the Companys overall asset/liability management strategy. Realized securities gains and losses are computed using the specific
identification method.





22



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 1SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED)



Interest and Fees on LoansInterest on loans is credited to
income as earned and is accrued only if it is considered collectible. An allowance for uncollected interest on mortgage loans is provided for all accrued interest on loans which are delinquent 90 days or more resulting in interest previously accrued
on those loans being reversed from income and, thereafter, interest is recognized only to the extent of payments received. Loans are returned to accrual status when less than 90 days delinquent and when, in managements judgment, collection is
probable.



The Company adopted the provisions of Statement of
Financial Accounting Standards Nos. 114 and 118, Accounting for Creditors for Impairment of a Loan. It is the Companys policy not to recognize interest income on specific impaired loans unless the likelihood of future loss is
remote. Interest payments received on such loans are applied as a reduction of the loan principal balance.



Since the adoption of SFAS Nos. 114 and 118, the Company had no loans which management has determined to be impaired.



Loan origination and commitment fees and certain direct loan origination
costs are deferred, and the net amount amortized over the contractual lives of the related loans or commitments as an adjustment of the related loans yield using the interest method.



Allowance for Loan LossesThe allowance for loan losses is
maintained at a level which, in managements judgment, is adequate to absorb credit losses inherent in the loan portfolio. The amount of the allowance is based on managements evaluation of the collectibility of the loan portfolio,
including the nature of the portfolio, credit concentrations, trends in historical loss experience, specific impaired loans, and economic conditions. Allowances for impaired loans are generally determined based on collateral values or the present
value of estimated cash flows. The allowance is increased by a provision for loan losses, which is charged to expense and reduced by charge-offs, net of recoveries. Changes in the allowance relating to impaired loans are charged or credited to the
provision for loan losses. Because of uncertainties inherent to the estimation process, managements estimate of credit losses inherent in the loan portfolio and the related allowance may change in the near term.



Real Estate Acquired in Settlement of LoansReal estate acquired
in settlement of loans is classified separately on the balance sheets at the lower of the recorded investment in the property or its fair value minus estimated costs of sale.



Office Properties and EquipmentPremises and equipment are stated at cost, less accumulated depreciation.
Provisions for depreciation are computed on the straight-line method over the estimated useful lives of the assets.



When units of property are disposed of, the premises and equipment accounts are relieved of the cost and the accumulated depreciation related to such
units. Any resulting gains or losses are credited to or charged against income. Repairs and maintenance are charged to expense as incurred. Major renewals and betterments are capitalized at cost.



23



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 1SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED)



Income TaxesDeferred tax assets and liabilities are recognized
for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.



Cash Flows InformationThe Companys policy is to include cash on hand, amounts due from depository institutions, and overnight deposits
with the Federal Home Loan Bank in the definition of cash and cash equivalents.



Reclassification of Comparative AmountsCertain comparative account balances for the prior period have been reclassified to conform to the current period classifications. Such reclassifications did not
affect net income.



Earnings Per Common ShareOn
June 25, 1997, the Company issued 661,428 shares of common stock. As discussed in Note 10, the Company accounts for the 52,914 shares acquired by the Employee Stock Ownership Plan (the ESOP) in accordance with Statement of Position 93-6;
shares controlled by the ESOP are not considered in the weighted average shares outstanding until the shares are committed for allocation to employee accounts. The pro forma net income per share for the 2003 fiscal year is $1.93 and for the 2002
fiscal year is $.61, assuming the shares had been outstanding for the entire period.



There were no convertible securities which would affect the numerator in calculating basic and diluted earnings per share; therefore, net income as presented on the Consolidated Statements of Income for March 31,
2003, and for March 31, 2002, will be used as the numerator. The following tables set forth a reconciliation of the denominator of the basic and diluted earnings per share computation:



|                                                                                         |  | March 31,
|---------------------------------------------------------------------------------------- |  | ---------
|                                                                                         |  | 2003     
|Denominator:                                                                             |  |          
|Denominator for basic earnings per share-weighted-average shares                         |  | 410,211  
|Employee stock options (antidilutive)                                                    |  | 5,643    
|Unvested RSP shares                                                                      |  | 3,462    
|                                                                                         |  |          
|Denominator for diluted earnings per share-adjusted weighted-average assumed conversions |  | 419,316  
|                                                                                         |  |          



24



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 1SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONTINUED)



Stock Option PlanThe Company adopted Statement of Financial
Accounting Standards No. 123, Accounting for Stock-Based Compensation, amended by Statement of Financial Accounting Standards No. 148, Accounting for Stock-Based CompensationTransition and Disclosure. This statement
encourages, but does not require the Company to recognize compensation expense for all awards of equity instruments issued. The statement established a fair value based method of accounting for stock-based compensation plans. Statement No. 123
permits companies to continue to account for such transactions under Accounting Principles Board No. 25, Accounting for Stock Issued to Employees, but requires disclosure of pro forma net income and earnings per share as if the Company
had applied the new method.



Under Accounting Principles Board
Opinion No. 25, no compensation expense has been recognized with respect to the options granted under the stock option plans. Had compensation expense been determined on the basis of fair value pursuant to Statement No. 123, net income and earnings
per share would have been reduced as follows:



|                                                                                                                           |  | March 31, 2003 |         |   | March 31, 2002 |  
|-------------------------------------------------------------------------------------------------------------------------- |  | -------------- | ------- | - | -------------- | -
|Net income:                                                                                                                |  |                |         |   |                |  
|As reported                                                                                                                |  | $              | 836,867 |   |                | $
|Deduct total stock-based employee Compensation expense determined Under fair value based method for all awards, net of
tax |  |                | (5,527  | ) |                |  
|                                                                                                                           |  |                |         |   |                |  
|Pro forma                                                                                                                  |  | $              | 831,340 |   |                | $
|                                                                                                                           |  |                |         |   |                |  
|Basic earnings per share:                                                                                                  |  |                |         |   |                |  
|As reported                                                                                                                |  | $              | 2.04    |   |                | $
|Pro forma                                                                                                                  |  | $              | 2.03    |   |                | $
|                                                                                                                           |  |               
|Diluted earnings per share:                                                                                                |  |                |         |   |                |  
|As reported                                                                                                                |  | $              | 2.00    |   |                | $
|Pro forma                                                                                                                  |  | $              | 1.98    |   |                | $



NOTE 2STOCKHOLDERS
EQUITY



The following table represents the
change in the Companys outstanding shares:



|                                   |  | Preferred Stock |  | Common Stock |  
|---------------------------------- |  | --------------- |  | ------------ | -
|Shares outstanding, March 31, 2001 |  |                |  | 476,166      |  
|Shares repurchased                 |  |                |  | (15,543      | )
|                                   |  |                 |  |              |  
|Shares outstanding, March 31, 2002 |  |                |  | 460,623      |  
|Shares repurchased                 |  |                |  | (66,790      | )
|                                   |  |                 |  |              |  
|Shares outstanding, March 31, 2003 |  |                |  | 393,833      |  
|                                   |  |                 |  |              |  



25



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 3INVESTMENT SECURITIES



The carrying amounts and fair values of investment securities are as follows at March 31, 2003 and 2002:



|                                             |  | 2003          
|-------------------------------------------- |  | --------------
|                                             |  | Amortized Cost
|Securities available-for-sale:               |  |               
|Federal Home Loan Mortgage Corporation stock |  | $             
|Municipal securities                         |  |               
|U.S. agency obligations                      |  |               
|Mortgage-backed securities-GNMA and FNMA     |  |               
|                                             |  |               
|Total available-for-sale                     |  |               
|                                             |  |               
|Securities to be held-to-maturity:           |  |               
|Mortgage-backed securities-GNMA and FHLMC    |  |               
|                                             |  |               
|Total                                        |  | $             
|                                             |  |               
|                                             | 
|                                             |  | 2002          
|                                             |  | Amortized Cost
|Securities available-for-sale:               |  |               
|Federal Home Loan Mortgage Corporation stock |  | $             
|Municipal securities                         |  |               
|U.S. agency obligations                      |  |               
|Mortgage-backed securities-GNMA and FNMA     |  |               
|                                             |  |               
|Total available-for-sale                     |  |               
|                                             |  |               
|Securities to be held-to-maturity:           |  |               
|Mortgage-backed securities-GNMA and FHLMC    |  |               
|                                             |  |               
|Total                                        |  | $             
|                                             |  |               



26



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 3INVESTMENT SECURITIES(CONTINUED)



The amortized and estimated market value of investment securities at March
31, 2003 and 2002, by contractual maturity, follow. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.



|                                       |  | March 31, 2003               
|-------------------------------------- |  | -----------------------------
|                                       |  | Securities Available-for-Sale
|                                       |  | Estimated Amortized Cost     
|Due in one year or less                |  | $                            
|Due after one year through five years  |  |                              
|Due after five years through ten years |  |                              
|Due after ten years                    |  |                              
|Mortgage-backed securities             |  |                              
|Equity securities                      |  |                              
|                                       |  |                              
|Total                                  |  | $                            
|                                       |  |                              
|                                       | 
|                                       |  | March 31, 2002               
|                                       |  | Securities Available-for-Sale
|                                       |  | Estimated Amortized Cost     
|Due in one year or less                |  | $                            
|Due after one year through five years  |  |                              
|Due after five years through ten years |  |                              
|Due after ten years                    |  |                              
|Mortgage-backed securities             |  |                              
|Equity securities                      |  |                              
|                                       |  |                              
|Total                                  |  | $                            
|                                       |  |                              



There were no
transfers of securities between classifications in 2003 or 2002.



27



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 4LOANS AND ALLOWANCE FOR POSSIBLE LOAN LOSSES



Loans outstanding at March 31 are as follows:



|                          |  | 2003 |            | 2002
|------------------------- |  | ---- | ---------- | ----
|Mortgage Loans:           |  |      |            |     
|Construction              |  | $    | 220,265    |     
|1-4 family                |  |      | 27,901,348 |     
|Consumer Loans:           |  |      |            |     
|Automobiles               |  |      | 543,541    |     
|Savings account           |  |      | 194,697    |     
|Revolving loans           |  |      | 229,988    |     
|Other                     |  |      | 11,087     |     
|Commercial                |  |      | 1,794,384  |     
|                          |  |      |            |     
|Total                     |  |      | 30,895,310 |     
|Less:                     |  |      |            |     
|Allowance for loan losses |  |      | 176,359    |     
|Undisbursed funds         |  |      | 560,519    |     
|Net deferred loan fees    |  |      | 100,993    |     
|                          |  |      |            |     
|Loans receivable, net     |  | $    | 30,057,439 |     
|                          |  |      |            |     



Activity in the
allowance for loan losses for the years ended March 31, 2003 and 2002, is summarized as follows:



|                                     |  | 2003 |         | 2002
|------------------------------------ |  | ---- | ------- | ----
|Balance, beginning of year           |  | $    | 178,100 |     
|Add provisions charged to operations |  |      | 1,800   |     
|                                     |  |      |         |     
|                                     |  |      | 179,900 |     
|Less loans charged off               |  |      | 3,541   |     
|                                     |  |      |         |     
|Balance, end of period               |  | $    | 176,359 |     
|                                     |  |      |         |     



In the normal course
of business, loans are extended to directors, executive officers, significant shareholders, and their affiliates. In managements opinion, all loans are on substantially the same terms and conditions as loans to other individuals and businesses
of comparable creditworthiness.



The aggregate amount of loans
to such related parties at March 31, 2003 and 2002, were $44,023 and $13,949, respectively. During the year ended March 31, 2003, new loans made to such related parties amounted to $40,500 and payments amounted to $10,426.



28



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 5OFFICE PROPERTIES AND EQUIPMENT



Properties and equipment at March 31 are summarized as follows:



|                                   |  | 2003 |           | 2002
|---------------------------------- |  | ---- | --------- | ----
|Land                               |  | $    | 489,255   |     
|Office buildings and improvements  |  |      | 1,233,274 |     
|Furniture, fixtures, and equipment |  |      | 446,561   |     
|                                   |  |      |           |     
|Total                              |  |      | 2,169,090 |     
|Less accumulated depreciation      |  |      | 627,971   |     
|                                   |  |      |           |     
|Premises and equipment, net        |  | $    | 1,541,119 |     
|                                   |  |      |           |     



Depreciation charged
to operations amounted to $89,240 and $82,376 for the years ended March 31, 2003 and 2002, respectively.



NOTE 6FEDERAL HOME LOAN BANK STOCK



The Company is a member of the Federal Home Loan Bank System. As a member, the Company maintains an investment in the capital stock of the Federal Home Loan Bank of Pittsburgh, at cost, in an amount not less than the
greater of 1 percent of its outstanding home loans or 5 percent of its outstanding borrowings to the Federal Home Loan Bank of Pittsburgh as calculated at December 31 of each year.



NOTE 7DEPOSITS ANALYSIS



Deposit accounts at March 31 are summarized as follows:



|                         |  | 2003   |            |                     | 2002  |  
|------------------------ |  | ------ | ---------- | ------------------- | ----- | -
|                         |  | Amount |            | Percent ofPortfolio |       |  
|Savings accounts         |  | $      | 17,953,571 |                     | 46.7  | %
|NOW accounts             |  |        | 2,045,176  |                     | 5.3   | %
|Money market accounts    |  |        | 1,419,732  |                     | 3.7   | %
|                         |  |        |            |                     |       |  
|                         |  |        | 21,418,479 |                     | 55.7  | %
|                         |  |        |            |                     |       |  
|Certificates of deposit: |  |        |            |                     |       |  
|2.00  4.00%             |  |        | 11,334,540 |                     | 29.5  | %
|4.01  6.00%             |  |        | 4,983,258  |                     | 12.9  | %
|6.01  8.00%             |  |        | 736,349    |                     | 1.9   | %
|                         |  |        |            |                     |       |  
|                         |  |        | 17,054,147 |                     | 44.3  | %
|                         |  |        |            |                     |       |  
|Total                    |  | $      | 38,472,626 |                     | 100.0 | %
|                         |  |        |            |                     |       |  





29



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 7DEPOSITS ANALYSIS(CONTINUED)



The scheduled maturities of certificates of deposit at March 31, 2003, are as follows:



|                                      |  | Amount
|------------------------------------- |  | ------
|Within 1 year                         |  | $     
|Due after 1 year, but within 2 years  |  |       
|Due after 2 years, but within 3 years |  |       
|Due after 3 years, but within 5 years |  |       
|Due after 5 years                     |  |       
|                                      |  |       
|Total                                 |  | $     
|                                      |  |       



Certificates of
deposit issued in denominations of $100,000 or more amounted to $4,876,133 at March 31, 2003, and $3,565,981 at March 31, 2002. Deposits in excess of $100,000 are not federally insured.



Interest expense by deposit category is as follows:



|                             |  | Year Ended March 31,
|---------------------------- |  | --------------------
|                             |  | 2003                
|Savingspassbook             |  | $                   
|NOW and money market         |  |                     
|Time certificates of deposit |  |                     
|                             |  |                     
|Total                        |  | $                   
|                             |  |                     



NOTE 8REGULATORY MATTERS



The Subsidiary Bank is subject to various regulatory
capital requirements administered by its primary federal regulator, the Office of Thrift Supervision. Failure to meet the minimum regulatory capital requirements can initiate certain mandatory, and possible additional discretionary actions by
regulators, that if undertaken, could have a direct material affect on the Banks financial statements. Under the regulatory capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific
capital guidelines involving 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 under the prompt
corrective action guidelines are also subject to qualitative judgment by the regulators about components, risk weighting, 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
below) of total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of tangible and core capital (as defined) to adjusted assets (as defined). Management believes, as of March 31, 2003, that the Bank meets
all capital adequacy requirements to which they are subject.



30



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 8REGULATORY MATTERS(CONTINUED)



As of March 31, 2003, the most recent notification from the Office of Thrift Supervision categorized the Bank as well
capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I (core) risk-based, core, and tangible ratios as set forth in
the table. There are no conditions or events since the notification that management believes have changed the institutions category.



The following table reconciles capital under accounting principles generally accepted in the United States of America to regulatory capital:



|                                       |  | March 31,      |      
|-------------------------------------- |  | -------------- | -----
|                                       |  | 2003           |      
|                                       |  | (In Thousands) |      
|Total equity                           |  | $              | 7,900
|Accumulated other comprehensive income |  |                | (151 
|                                       |  |                |      
|Tier I (core) and tangible capital     |  |                | 7,749
|Allowance for loan losses              |  |                | 176  
|                                       |  |                |      
|Risk-based capital                     |  | $              | 7,925
|                                       |  |                |      



At March 31, the
actual capital levels of the Bank and the minimum required levels are as follows:



|                                              |  | 2003           |       |       | 2002           |  
|--------------------------------------------- |  | -------------- | ----- | ----- | -------------- | -
|                                              |  | Amount         |       | Ratio |                |  
|                                              |  | (In Thousands) |       |       | (In Thousands) |  
|Total Capital to Risk-Weighted Assets         |  |                |       |       |                |  
|Actual                                        |  | $              | 7,925 |       | 40.68          | %
|For capital adequacy purposes                 |  |                | 1,558 |       | 8.00           | %
|To be well capitalized                      |  |                | 1,948 |       | 10.00          | %
|                                              |  |                |       |      
|Tier I (Core) Capital to Risk-Weighted Assets |  |                |       |       |                |  
|Actual                                        |  | $              | 7,749 |       | 39.78          | %
|For capital adequacy purposes                 |  |                | 779   |       | 4.00           | %
|To be well capitalized                      |  |                | 1,169 |       | 6.00           | %
|                                              |  |                |       |      
|Tier I (Core) Capital to Adjusted Assets      |  |                |       |       |                |  
|Actual                                        |  | $              | 7,749 |       | 16.46          | %
|For capital adequacy purposes                 |  |                | 1,412 |       | 3.00           | %
|To be well capitalized                      |  |                | 2,354 |       | 5.00           | %
|                                              |  |                |       |      
|Tangible Capital to Adjusted Assets           |  |                |       |       |                |  
|Actual                                        |  | $              | 7,749 |       | 16.46          | %
|For capital adequacy purposes                 |  |                | 706   |       | 1.50           | %
|To be well capitalized                      |  |                | N/A   |       | N/A            |  



31



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 9INCOME TAX



Until 1996, thrift institutions were permitted a special bad debts deduction limited generally to 8 percent of otherwise
taxable income and subject to certain limitations based on aggregate loans and savings account balances at the end of the year. On August 20, 1996, the Small Business Job Protection Act (the Act) was signed into law. The Act eliminated
the percentage of taxable income bad debt deduction for thrift institutions and requires that bad debts for federal income tax purposes be determined based primarily on the experience method. The Act provides that bad debt reserves accumulated after
1987 are subject to recapture over a maximum of six years. The Act provides that bad debt reserves accumulated prior to 1988 be exempt from recapture. If the amounts that qualify as deductions for federal income tax purposes are later used for
purposes other than for bad debt losses, they will be subject to federal income tax at the then corporate rate. Retained income at March 31, 2003 and 2002, included approximately $696,000 (pre 1988 reserves) for which federal income tax has not been
provided.



The provisions for income taxes consist of:



|         |  | Year Ended March 31, |        
|-------- |  | -------------------- | -------
|         |  | 2003                 |        
|Current  |  | $                    | 491,884
|Deferred |  |                      | (45,755
|         |  |                      |        
|Total    |  | $                    | 446,129
|         |  |                      |        



The following
temporary differences gave rise to the deferred tax assets (liabilities) at:



|                                                                                                                             |  | March 31, |        
|---------------------------------------------------------------------------------------------------------------------------- |  | --------- | -------
|                                                                                                                             |  | 2003      |        
|Deferred loan fees                                                                                                           |  | $         | 33,036 
|Other income and expense recognized in the Financial statements on the accrual basis, but on the cash basis for tax
purposes |  |           | (30,898
|Bad debt reserve, net                                                                                                        |  |           | 58,262 
|RSP amortization                                                                                                             |  |           | 17,798 
|Deferred director fees                                                                                                       |  |           | 31,786 
|Depreciation                                                                                                                 |  |           | (18,874
|Others                                                                                                                       |  |           | (5,123 
|                                                                                                                             |  |           |        
|                                                                                                                             |  |           | 85,987 
|Unrealized gains on available-for-sale securities                                                                            |  |           | (77,808
|                                                                                                                             |  |           |        
|Net deferred tax assets (liabilities)                                                                                        |  | $         | 8,179  
|                                                                                                                             |  |           |        



32



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 9INCOME TAX(CONTINUED)



A reconciliation between the amount of reported income tax expense and the amount computed by applying the statutory federal
income tax rate to income before income taxes is as follows:





|                                                |  | Year Ended March 31, |        
|----------------------------------------------- |  | -------------------- | -------
|                                                |  | 2003                 |        
|Tax at statutory rate (34%)                     |  | $                    | 436,219
|Plus state income taxes net of federal benefits |  |                      | 20,075 
|Increase (decrease) in taxes resulting from:    |  |                      |        
|Tax exempt income                               |  |                      | (20,398
|Nondeductible ESOP compensation                 |  |                      | 11,298 
|Other, net                                      |  |                      | (1,065 
|                                                |  |                      |        
|Total                                           |  | $                    | 446,129
|                                                |  |                      |        
|Effective rate                                  |  |                      | 34.8   
|                                                |  |                      |        



NOTE 10RETIREMENT PLANS



The Bank participated in a multi-employer Financial
Institutions Retirement Fund covering all full-time officers and employees completing one year of service and attainment of age 21. Because the plan is a multi-employer plan, plan information for the Bank separately is not determinable. Pension
expense, including administrative charges, for the years ended March 31, 2003 and 2002, was $63,413 and $26,836, respectively. The plan was terminated during the fiscal year ended March 31, 2003.



On October 17, 2002, the Bank adopted a defined contribution plan covering
employees who have attained the age of nineteen and have completed the lesser of 1,000 hours of service or 12 months of service. This plan includes a 401(k) before tax savings feature, which permits participants to defer compensation under Section
401(k) of the Internal Revenue Code. Participants may elect to have the employer withhold and contribute a portion of their compensation to the plan. The maximum amount of this elective deferral is $12,000 for the calendar year 2003.The Bank
contributes 3 percent of base compensation for any employee, regardless of employee deferral, as a profit sharing amount. In addition, for each employee percent deferral, the Bank contributes an additional percent up to a maximum of 3 percent.Pension expense, including administrative charges, for the year ended March 31, 2003, was $4,133.



On July 1, 2002, the Bank adopted a Directors Consultation and Retirement Plan. The plan was implemented to encourage director participation and service
to the Bank and, following retirement, to encourage such directors to continue to serve the Bank as consulting directors for a period of time thereafter. Under such agreement, each participant who retires as a director on or after his or her
retirement date shall receive their retirement benefit amount. The retirement benefit amount is payable in the amount of $1,200 per month from the date of retirement, and continuing monthly for such number of months represented by the number of
years of service previously served as director, not to exceed 20 months. Upon adoption of the Plan the Bank recognized an initial expense in the amount of $86,400 for the present value of fully vested benefits to be paid. The total expense
recognized for this Plan for the year ended March 31, 2003, was $88,200.



33



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 11EMPLOYEE STOCK OWNERSHIP PLAN (ESOP)



During the year ended March 31, 1998, the Bank adopted an ESOP for the
benefit of officers and employees who have met certain eligibility requirements related to length of service. An ESOP trust was created and acquired 52,914 shares of common stock in the Companys initial public offering, using proceeds of a
loan obtained from the Company, which bears interest at an annual rate of 8.25%. The loan, which is secured by shares of stock purchased, calls for quarterly interest over a ten-year period and annual principal payments of $52,914.



The Bank is scheduled to make quarterly contributions to the trust to allow
the trust to make the required interest payments and an annual contribution to allow the trust to make the required principal payment. Shares are released from collateral based upon the proportion of annual principal payments made on the loan each
year and allocated to qualified employees. As shares are committed to be released from collateral based on the terms of the loan, the Bank reports compensation expense based upon the fair value of the shares less dividends paid on allocated ESOP
shares used to supplement the annual principal payment. The ESOP shares become outstanding for earnings per share computations as they are committed to be released. Dividends paid on ESOP shares are recorded as a reduction of retained earnings.
Compensation expense for the ESOP for the years ended March 31, 2003 and 2002, was $77,516 and $72,347, respectively.



The following table represents the components of the ESOP shares at March 31:



|                                  |  | 2003 |         |   | 2002 |  
|--------------------------------- |  | ---- | ------- | - | ---- | -
|Allocated shares                  |  |      | 28,150  |   |      |  
|Shares committed for allocation   |  |      | 3,106   |   |      |  
|Shares distributed                |  |      | (2,406  | ) |      |  
|Unallocated (noncommitted) shares |  |      | 21,658  |   |      |  
|                                  |  |      |         |   |      |  
|Total ESOP shares                 |  |      | 50,508  |   |      |  
|                                  |  |      |         |   |      |  
|Fair value of noncommitted shares |  | $    | 351,726 |   |      | $
|                                  |  |      |         |   |      |  



NOTE 12RESTRICTED STOCK PLAN
(RSP)



The Board of Directors adopted a RSP for directors
and certain officers and employees which was approved by stockholders at the annual meeting held on July 16, 1998. The objective of this RSP is to enable the Bank to retain its corporate officers, key employees, and directors who have the experience
and the ability necessary to manage these entities. Directors, officers, and key employees who are selected by members of the Board-appointed committee are eligible to receive benefits under the RSP. Non-employee directors of the Bank serve as
trustees for the RSP, and have the responsibility to invest all funds contributed by the Bank to the Trust created for the RSP.



34



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 12RESTRICTED STOCK PLAN (RSP)(CONTINUED)



In August, 1998, the Trust purchased, with funds contributed by the Bank,
shares of the common stock of which 23,198 shares were awarded to directors and employees, and 3,259 shares remained unawarded. Directors, officers, and employees who terminate their employment with the Bank shall forfeit the right to any shares
which were awarded but not earned, except in the event of death, disability, retirement, or a change in control of the Bank or Company. The Bank granted a total of 23,198 shares of common stock on July 16, 1998, of which 4,637 became immediately
vested under the plan. Remaining shares become earned and non-forfeitable over a four-year period on each anniversary date of the award beginning July 16, 1999. The RSP shares purchased in the conversion initially will be excluded from
stockholders equity. In July 2001, an additional 1,323 shares were awarded of which 529 shares were forfeited. These shares become earned and non-forfeitable over a 5-year period on each anniversary date of the award beginning July 16, 2002.
The Company recognizes compensation expense in the amount of the fair value of the common stock at the grant date, pro rata, over the years during which the shares are earned and recorded as an addition to stockholders equity. In July 2000,
the Board of Directors adopted a resolution to defer vesting of plan shares to all agreeing plan participants. RSP share vesting was deferred through July 2001. Net compensation expense attributable to the RSP amounted to $68,750 and $56,930, for
the years ended March 31, 2003 and 2002, respectively.



NOTE 13STOCK
OPTION PLAN



The Board of Directors adopted a Stock Option
Plan for the directors, officers, and employees which was approved by stockholders at the annual meeting held on July 16, 1998. An aggregate of 66,142 shares of authorized but unissued common stock of the Company was reserved for issuance under the
Stock Option Plan. In July 1998, the Company granted options to purchase 57,997 shares of common stock of which 3,243 were forfeited. The options are first exercisable over a five-year period beginning July 16, 1998. In July 2001, the Company
granted options to purchase an additional 3,309 shares of common stock of which 1,322 were forfeited. These options are first exercisable over a 5-year period beginning July 16, 2002. The stock options typically have expiration terms of 10 years.
The per share exercise price of a stock option shall be, at a minimum, equal to the fair value of a share of common stock on the date the option is granted. Proceeds from the exercise of the stock options are credited to common stock for the
aggregate par value and the excess is credited to additional paid-in capital.



The following table presents share data related to the Stock Option Plan:



|                                   |  | Weighted-Average Exercise Price |         | Shares Under Option |       
|---------------------------------- |  | ------------------------------- | ------- | ------------------- | ------
|                                   |  | 2003                            |         | 2003                |       
|Outstanding, beginning of year     |  | $                               | 15.7483 |                     | 56,741
|Granted during the period          |  |                                 |        |                     |      
|Forfeited during the period        |  |                                 |        |                     |      
|Exercised during the period        |  |                                 |        |                     |      
|                                   |  |                                 |         |                     |       
|Outstanding, end of period         |  | $                               | 15.7483 |                     | 56,741
|                                   |  |                                 |         |                     |       
|Exercisable options, end of period |  | $                               | 15.7993 |                     | 55,156
|                                   |  |                                 |         |                     |       



35



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 13STOCK OPTION PLAN(CONTINUED)



The weighted-average grant-date fair value of options granted during the years ended March 31, 2003 and 2002, amounted to
$-0- and $9,315, respectively. The range of exercise prices for options outstanding as of March 31, 2003, is $13.975 to $15.8125 and the weighted-average remaining contractual life is 3 years.



NOTE 14COMMITMENTS AND CONTINGENCIES



The Subsidiary 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. These instruments involve, to varying degrees, elements of credit risk in excess
of the amount recognized in the consolidated balance sheets. The contract amounts of these instruments reflect the extent of involvement the institution has in particular classes of financial instruments.



The Companys exposure to credit loss in the event of nonperformance by
the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for
on-balance-sheet instruments.



The following represents
financial instruments whose contract amounts represent credit risk at March 31:



|                                |  | Contract Amount
|------------------------------- |  | ---------------
|                                |  | 2003           
|Commitments to originate loans: |  |                
|Fixed rate                      |  | $              
|Loans in process                |  |                
|Consumer lines of credit        |  |                
|Commercial lines of credit      |  |                
|                                |  |                
|Total                           |  | $              
|                                |  |                



The range of interest
rates on fixed rate residential mortgage loan commitments were 5.50 percent to 8.00 percent at March 31, 2003.



Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract.
Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent
future cash requirements. The Company evaluates each customers creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on managements credit
evaluation of the counter party. Collateral held consists primarily of single-family residences.



Concentration of Credit Risk



The Subsidiary Banks real estate loans and loan commitments are primarily for properties located throughout Northern West Virginia. Repayment of
these loans is in part dependent upon the economic conditions in this region. These loans are primarily at fixed interest rates.





36



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 15FAIR VALUE OF FINANCIAL INSTRUMENTS



The following methods and assumptions were used in estimating fair values of
financial instruments as disclosed herein:



Cash and Cash
Equivalents: For those short-term instruments, the carrying amount is a reasonable estimate of fair value.



Investment Securities: For debt securities and marketable equity securities held for investment purposes and for sale, fair values are based on
quoted market prices or dealer quotes. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities.



Loans: For certain homogeneous categories of loans, such as some residential mortgages, fair value is estimated using the quoted market prices for
securities backed by similar loans. The fair value of other types of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same
remaining maturities.



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



The estimated fair values of
the Companys financial instruments are as follows:



|                              |  | March 31, 2003 |            | March 31, 2002     
|----------------------------- |  | -------------- | ---------- | -------------------
|                              |  | CarryingAmount |            | EstimatedFair Value
|Financial Assets:             |  |                |            |                    
|Cash and cash equivalents     |  | $              | 2,954,000  |                    
|Securities available-for-sale |  |                | 12,029,000 |                    
|Securities held-to-maturity   |  |                | 76,000     |                    
|Loans, net                    |  |                | 30,057,000 |                    
|Financial Liabilities:        |  |                |            |                    
|Deposits                      |  |                | 38,473,000 |                    



NOTE 16COMPREHENSIVE INCOME



In June, 1997, the Financial Accounting Standards Board
issued Statement of Financial Accounting Standards No. 130, Reporting Comprehensive Income. This statement establishes standards for reporting and display of comprehensive income in a full set of financial statements. Unrealized gains
and losses on securities available-for-sale are the only components of other comprehensive income (loss) that apply to the Bank.



|                  |  | 2003 |          |   | 2002 |  
|----------------- |  | ---- | -------- | - | ---- | -
|Before-tax amount |  | $    | (849,701 | ) |      | $
|Tax effect        |  |      | 289,666  |   |      |  
|                  |  |      |          |   |      |  
|Net-of-tax amount |  | $    | (560,035 | ) |      | $
|                  |  |      |          |   |      |  



37



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 17CONDENSED PARENT COMPANY FINANCIAL STATEMENTS



Effective June 25, 1997, active operations of Sistersville Bancorp, Inc.
were initiated with the approval of the stock conversion of the Association and correspondent purchase of all the stock of the wholly-owned Subsidiary Bank by the Company, which coincided with the initial public offering of the Company stock. The
condensed financial statements of Sistersville Bancorp, Inc. are as follows:



BALANCE SHEETS

MARCH 31, 2003 AND 2002



|                                           |  | 2003 |           | 2002
|------------------------------------------ |  | ---- | --------- | ----
|ASSETS                                     |  |      |           |     
|Deposits with Subsidiary Bank              |  | $    | 266,438   |     
|Investment in Subsidiary Bank              |  |      | 7,900,633 |     
|Receivable from Subsidiary                 |  |      | 56,103    |     
|Other assets                               |  |      | 16,586    |     
|                                           |  |      |           |     
|TOTAL ASSETS                               |  | $    | 8,239,760 |     
|                                           |  |      |           |     
|LIABILITIES AND SHAREHOLDERS EQUITY       |  |      |           |     
|Payable from Subsidiary                    |  | $    | 68,717    |     
|Other liabilities                          |  |      |          |     
|Shareholders equity                       |  |      | 8,171,043 |     
|                                           |  |      |           |     
|TOTAL LIABILITIES AND SHAREHOLDERS EQUITY |  | $    | 8,239,760 |     
|                                           |  |      |           |     



STATEMENTS OF INCOME

YEAR ENDED MARCH 31, 2003 AND 2002



|                                                                        |  | 2003 |         |   | 2002 |  
|----------------------------------------------------------------------- |  | ---- | ------- | - | ---- | -
|INCOME                                                                  |  |      |         |   |      |  
|Interest                                                                |  | $    | 21,518  |   |      | $
|OPERATING EXPENSES                                                      |  |      | 45,834  |   |      |  
|                                                                        |  |      |         |   |      |  
|Loss before income tax and equity in undistributed income of Subsidiary |  |      | (24,316 | ) |      |  
|INCOME TAX (EXPENSE)/BENEFIT                                            |  |      | 8,111   |   |      |  
|EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARY                            |  |      | 853,072 |   |      |  
|                                                                        |  |      |         |   |      |  
|NET INCOME                                                              |  | $    | 836,867 |   |      | $
|                                                                        |  |      |         |   |      |  



38



---

SISTERSVILLE BANCORP, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(CONTINUED)

MARCH 31,
2003 AND 2002



NOTE 17CONDENSED PARENT COMPANY FINANCIAL STATEMENTS(CONTINUED)



STATEMENTS OF CASH FLOWS

YEAR ENDED MARCH 31, 2003 AND 2002



|                                                                                  |  | 2003 |            |   | 2002 |  
|--------------------------------------------------------------------------------- |  | ---- | ---------- | - | ---- | -
|OPERATING ACTIVITIES                                                              |  |      |            |   |      |  
|Net income                                                                        |  | $    | 836,867    |   |      | $
|Adjustments to reconcile net income to net cash provided by operating activities: |  |      |            |   |      |  
|Undistributed earnings of Subsidiary                                              |  |      | (853,072   | ) |      |  
|Dividend received from Subsidiary                                                 |  |      | 1,075,000  |   |      |  
|ESOP amortization                                                                 |  |      | 86,179     |   |      |  
|RSP amortization                                                                  |  |      | 68,750     |   |      |  
|(Increase) decrease in other assets                                               |  |      | (1,682     | ) |      |  
|Increase (decrease) in other liabilities                                          |  |      | (75,235    | ) |      |  
|                                                                                  |  |      |            |   |      |  
|Net cash provided by operating activities                                         |  |      | 1,136,807  |   |      |  
|                                                                                  |  |      |            |   |      |  
|FINANCING ACTIVITIES                                                              |  |      |            |   |      |  
|Purchase of treasury stock                                                        |  |      | (1,149,082 | ) |      |  
|Dividends paid                                                                    |  |      | (188,412   | ) |      |  
|                                                                                  |  |      |            |   |      |  
|Net cash used in financing activities                                             |  |      | (1,337,494 | ) |      |  
|                                                                                  |  |      |            |   |      |  
|DECREASE IN CASH AND CASH EQUIVALENTS                                             |  |      | (200,687   | ) |      |  
|CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR                                      |  |      | 467,125    |   |      |  
|                                                                                  |  |      |            |   |      |  
|CASH AND CASH EQUIVALENTS, END OF YEAR                                            |  | $    | 266,438    |   |      | $
|                                                                                  |  |      |            |   |      |  
|SUPPLEMENTAL DISCLOSURES                                                          |  |      |            |   |      |  
|Income tax payments                                                               |  | $    | 3,000      |   |      | $



39



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SISTERSVILLE BANCORP, INC. AND FIRST FEDERAL SAVINGS BANK



|CORPORATE OFFICE       |  | INDEPENDENT AUDITORS 
|---------------------- |  | ---------------------
|726 Wells Street       |  | S. R. Snodgrass, A.C.
|Sistersville, WV 26175 |  | 980 National Road    
|(304) 652-3671         |  | Wheeling, WV 26003   



SPECIAL COUNSEL

Malizia Spidi and Fisch, PC

1100 New York Ave., N.W.

Suite 340 West

Washington, D.C. 20005



TRANSFER AGENT

American Stock Transfer & Trust Company

59 Maiden Lane

New York, NY 10038



SISTERSVILLE BANCORP,
INC. AND FIRST FEDERAL SAVINGS BANK

BOARD OF DIRECTORS

|                           | 
|-------------------------- | 
|Stanley M. Kiser, Chairman | 
|David W. Miller            | 
|Michael A. Melrose         | 



SISTERSVILLE BANCORP, INC.
OFFICERS



Stanley M. Kiser, President and Chairman

Cynthia R. Carson, Vice-President & Corporate Secretary

Shelley R.
Maxwell, Treasurer



FIRST FEDERAL SAVINGS BANK OFFICERS



Stanley M. Kiser, President & CEO

Cynthia R. Carson, Vice-President & Corporate Secretary

Shelley R.
Maxwell, Treasurer

P. Jane Fuchs, Cashier

Steven R. Reed,
Branch Manager



Sistersville Bancorp, Inc.s Annual Report on Form 10-KSB
for the fiscal year ended March 31, 2003, as filed with the Securities and Exchange Commission, is available without charge to shareholders upon written request. The 2003 Annual Meeting of Stockholders will be held on July 17, 2003, at 9:00 A.M., at
the offices of First Federal Savings Bank, 726 Wells Street, Sistersville, West Virginia.



40