# HCSB FINANCIAL
CORPORATION

# Exhibit 13/A

Revised Financial
Statements to the 2002 Annual Report

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# Selected Financial Data

The following table sets forth
certain selected financial data concerning the Company. The selected financial data has
been derived from the financial statements. This information should be read in conjunction
with the financial statements of the Company, including the accompanying notes, included
elsewhere herein.

|Year Ended December 31,             | 2002 | 2001 | 2000 | 1999      | 1998
|----------------------------------- | ---- | ---- | ---- | --------- | ----
|
|                                    |      |      |      |           |     
|Financial Condition:                |      |      |      |           |     
|Investment securities               |      |      | $    | 18,060    |     
|Allowance for loan losses           |      |      |      | 1,452     |     
|Net loans                           |      |      |      | 161,381   |     
|Premises and equipment, net         |      |      |      | 7,908     |     
|Total assets                        |      |      |      | 211,598   |     
|Noninterest-bearing deposits        |      |      |      | 16,714    |     
|Interest-bearing deposits           |      |      |      | 147,447   |     
|Total deposits                      |      |      |      | 164,161   |     
|Advances from the Federal Home      |      |     
|Loan Bank                           |      |      |      | 26,690    |     
|Total liabilities                   |      |      |      | 191,748   |     
|Total shareholders' equity          |      |      |      | 19,850    |     
|Results of Operations:              |      |     
|Interest income                     |      |      | $    | 12,536    |     
|Interest expense                    |      |      |      | 5,211     |     
|                                    |      |      |      |           |     
|Net interest income                 |      |      |      | 7,325     |     
|Provision for loan losses           |      |      |      | 535       |     
|                                    |      |      |      |           |     
|Net interest income after provision |      |     
|for loan losses                     |      |      |      | 6,790     |     
|Other income                        |      |      |      | 1,475     |     
|Other expense                       |      |      |      | 6,487     |     
|                                    |      |      |      |           |     
|Income before income taxes          |      |      |      | 1,778     |     
|Income tax expense                  |      |      |      | 617       |     
|                                    |      |      |      |           |     
|Net income                          |      |      | $    | 1,161     |     
|                                    |      |      |      |           |     
|Per Share Data (1):                 |      |     
|Average shares outstanding          |      |      |      | 1,399,623 |     
|Net income                          |      |      | $    | 0.83      |     
|Period end book value               |      |      | $    | 12.87     |     

|(1) | Adjusted for the effects of the two-for-one share split in the form of a 100%
          share dividend declared in January 2000 and the 5% share dividends declared in
          February 2003, February 2001 and January 1999.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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# Market for Common
Share and Dividends

As of December 31, 2002, there were
1,469,767 shares of our common stock outstanding held by approximately 2,250 shareholders
of record. In our most recent offering in MarchAugust 2002, we issued 365,712 shares
of our common stock at a price per share of $22.00. There is currently no established
public trading market in our common stock, and trading and quotations of our common stock
have been limited and sporadic. Because there has not been an established market for our
common stock, we may not be aware of all prices at which our common stock has been traded.
We have not determined whether the trades of which we are aware were the result of
arms-length negotiations between the parties. Based on information available to us
from a limited number of sellers and purchasers of common stock who have engaged in
privately negotiated transactions of which we are aware, we believe transactions in our
common stock can be fairly summarized as follows for the periods indicated:

|Period                                 | Per Share Price | Number of Trades
|-------------------------------------- | --------------- | ----------------
|Year ended December 31, 1997           |                 | $11.50 to $12.00
|Year ended December 31, 1998           |                 | $12.00 to $14.00
|Year ended December 31, 1999           |                 | $14.50 to $16.00
|Year ended December 31, 2000           |                 | $16.50 to $20.00
|Year ended December 31, 2001           |                 | $20.00 to $22.00
|Year ended December 31, 2002           |                 | $22.00 to $22.50
|January 1, 2003 through March 12, 2003 |                 | $22.00 to $23.00

(1)    
          We are also aware of one trade in which 105 shares of our common stock were
          traded for $25.00 each. We have not included this trade in the summary above
          because of the small number of shares involved.

All share and per share data has been
adjusted to reflect the 5% stock dividend declared in 2003, the 5% stock dividend paid in
2002 and 2001, the 100% stock dividend paid in March 2000, and the 5% stock dividend paid
in March 1999. The information presented above describes only those trades of which we are
aware.

No cash dividends have ever been
declared or paid by the Company; however, the Board of Directors approved a 10% stock
dividend for each of the five years ending December 31, 1996. The Company also declared a
5% stock dividend on January 14, 1999 for shareholders of record February 1, 1999 and a
two-for-one stock split in the form of a 100% stock dividend approved on January 27, 2000
to shareholders of record February 15, 2000. The Company also paid a 5% stock dividend to
shareholders on March 15, 2001, as well as a 5% stock dividend on March 20, 2002. The
Board of Directors has declared a 5% stock dividend payable March 21, 2003 for
shareholders of record February 28, 2003. Management does not expect the Company to pay
cash dividends in the foreseeable future. South Carolina and Federal banking regulations
restrict the amount of cash dividends that can be paid to HCSB Financial Corporation from
the Bank.

Cash flow from stock offering
during 2002:

|                              | 
|----------------------------- | 
|Proceeds from stock offering: | 
|Stock issuance costs:         | 
|Transfer of capital to bank:  | 

6

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# HCSB FINANCIAL
CORPORATION

# Consolidated Statements
of Income

|                                                         | Year ended December 31,
|-------------------------------------------------------- | -----------------------
|
|Loans, including fees                                    |                        
|Investment securities:                                   |                        
|Taxable                                                  |                        
|Tax-exempt                                               |                        
|Nonmarketable equity securities                          |                        
|Federal funds sold                                       |                        
|Time deposits with other banks                           |                        
|                                                         |                        
|Total                                                    |                        
|                                                         |                        
|Interest expense:                                        |                        
|Deposits                                                 |                        
|Advances from the Federal Home Loan Bank                 |                        
|Federal funds purchased                                  |                        
|                                                         |                        
|Total                                                    |                        
|                                                         |                        
|Net interest income                                      |                        
|Provision for loan losses                                |                        
|                                                         |                        
|Net interest income after provision for loan losses      |                        
|                                                         |                        
|Noninterest income:                                      |                        
|Service charges on deposit accounts                      |                        
|Credit life insurance commissions                        |                        
|Other fees and commissions                               |                        
|Net gain (loss) on sale of premises and equipment        |                        
|Net gain (loss) on sale of securities available-for-sale |                        
|Other                                                    |                        
|                                                         |                        
|Total                                                    |                        
|                                                         |                        
|Noninterest expenses:                                    |                        
|Salaries and employee benefits                           |                        
|Net occupancy                                            |                        
|Furniture and equipment                                  |                        
|Other operating                                          |                        
|                                                         |                        
|Total                                                    |                        
|                                                         |                        
|Income before income taxes                               |                        
|Income tax provision                                     |                        
|                                                         |                        
|Net income                                               |                        
|                                                         |                        
|Earnings per share                                       |                        
|Weighted-average common shares outstanding               |                        
|                                                         |                        
|Net income - basic                                       |                        
|                                                         |                        

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