**UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D. C.  20549**

**FORM 10-K**

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

For the Fiscal Year Ended December 31, 2002

Transition Report Pursuant to Section 13 or 15(d) ofthe Securities Exchange Act of 1934

Commission File Number 33-81890

| **Community Bankshares, Inc.**                         |
|--------------------------------------------------------|
| (Exact name of registrant as specified in its charter) |

| Georgia                         |     | 58-1415887          |
|---------------------------------|--------------------|---------------------|
| (State or other jurisdiction of |               | (I. R. S. Employer  |
| Incorporation or organization)  |               | Identification No.) |

| 448 North Main Street, Cornelia, Georgia  30531 |
|------------------------------------------------------|
| (Address of principal executive offices) (Zip Code)  |

Registrant’s telephone number, including area code: (706) 778-2265

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

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

Indicate by check mark whether the Registrant (1) has filed all reports required to befiled by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period thatthe Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.   Yes þ     No   ̈

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 ofRegulation S-K is not contained herein and will not be contained, to the best of registrant’s knowledge, in definitive proxyor information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.   ̈  Not applicable.  Registrant is not required to be registered under theSecurities Exchange Act of 1934.

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule126-2 of the Act).  Yes  ̈  No  þ

Aggregate market value of the voting stock held by non-affiliates of the Registrant as ofJune 28, 2002: $37,675,617 (based upon approximate market value of $41.32/share, the latest sales price known to the Registrant forthe Common Stock at such date, for which there is no established trading market).

As of March 24, 2003,2,151,858 shares of Common Stock, par value $1.00 per share, wereissued and outstanding.

----

**PART 1**

**ITEM1.                BUSINESS.**

**General**

Community Bankshares, Inc. (the “Company”) was organized under the laws of Georgia in 1980 and commenced operations in1981.  The Company is a financial holding company registered with the Board of Governors of the Federal Reserve (the“Federal Reserve”).  All of the Company’s activities are currently conducted by or through its subsidiaries,Community Bank & Trust (“Community”), Community Bank & Trust-Alabama (“Community-Alabama”), andCommunity Bank & Trust-Troup (“Community-Troup”)  (collectively, the “Banks”) and the non-banksubsidiaries of Community, Financial Supermarkets, Inc. (“Financial Supermarkets”) and Financial Properties, Inc.(“Financial Properties”).  Financial information about theCompany’s segments is in note15 to its audited consolidated financial statements included in this annualreport.

All references herein to the Company include Community Bankshares, Inc., the Banks, Financial Supermarkets and Financial Propertiesunless the context indicates a different meaning.

**Forward Looking Statements**

This Form 10-K, bothin the Management’s Discussion and Analysis section and elsewhere, contains forward-looking statements under the PrivateSecurities Litigation Reform Act of 1995 that involve risks and uncertainties.  Although the Company believes the assumptionsunderlying the forward-looking statements contained in the discussions are reasonable, any of the assumptions could be inaccurate;therefore, no assurance can be made that any of the forward-looking statements included in this discussion will be accurate. Factors that could cause actual results to differ from results discussed in forward-looking statements include, but are not limitedto: economic conditions (both generally and in the markets where the Company operates); competition from other providers offinancial services; government regulation and legislation; changes in interest rates; material unforeseen changes in the financialstability and liquidity of our credit customers; and other risks detailed in the Company’s filings with the Securities andExchange Commission, all of which are difficult to predict and which may be beyond the Company’s control.  The Companyundertakes no obligation to revise forward-looking statements to reflect events or changes after the date of this discussion or toreflect the occurrence of unanticipated events.

**Business Description of Banks**

*General*.  Each of the Banks is community-oriented and offers customary banking services such as consumer and commercialchecking accounts, NOW accounts, savings accounts, certificates of deposit, lines of credit and money transfers.  Each Bankfinances commercial and consumer transactions, makes secured and unsecured loans, and provides a variety of other bankingservices.

Community operates seven traditional bank branches andtwenty-one banking offices in supermarkets and Wal-Mart stores in nine northeastGeorgia counties.  Its traditional branches are located in Habersham, Jackson, Hall and White Counties.  Community-Trouphas two traditional branches in Troup County, Georgia and three in-store offices in Troup and adjacent Muscogee County(Columbus).  Community-Alabama operates one traditional branch in Bulloch County, Alabama and two in-store locations inadjacent Montgomery County.

*Deposits*.  Each Bank offers a full range of depository accounts and services to both consumers and businesses.  AtDecember 31, 2002, our aggregate deposit base, totaling approximately $607.4 million, consisted of approximately $87.7 million innon-interest-bearing demand deposits (14.43% of total deposits), approximately $146.1 million in interest-bearing demand deposits(including money market accounts) (24.05% of total deposits), approximately $30.2 million in savings deposits (4.98% of totaldeposits), approximately $219.4  million in time deposits in amounts less than $100,000 (36.12% of total deposits), andapproximately $124 million in time deposits of $100,000 or more (20.41% of total deposits).

2

----

*Loans*.  Each Bank makes both secured and unsecured loans to individuals, firms and corporations, and both consumer andcommercial lending operations include various types of credit for customers.  In addition, Community also operates a loanproduction office in Gainesville, Georgia.  The Gainesville loan production office originates loans guaranteed by the SmallBusiness Administration (the “SBA”) and resells the guaranteed portion of such loans and their servicing rights toothers.  Each Bank also makes direct installment loans to consumers on both a secured and unsecured basis.  At December31, 2002, consumer and other, real estate (including mortgage and construction loans) and commercial loans represented approximately 12.09%,77.15% and 10.76%, respectively, of our total loan portfolio.  Real estate loans made by the Banks include residential realestate construction, acquisition and development loans, as well as loans for other purposes, which are secured by realestate.

 Commercial lending is directed principally toward businesses within the market area of the Banks or existing or potential depositcustomers of the Banks.  The Gainesville loan production office, however, makes loans to individuals and businesses that arenot located in its market. Commercial loan collateral includes marketable securities, certificates of deposit, accounts receivable,inventory and equipment.  Commercial lending decisions are based upon a determination of the borrower’s ability andwillingness to repay the loan, which in turn are impacted by such factors as the borrower’s cash flow and sales trends, aswell as relevant economic conditions.  This category includes loans made to individuals, partnership or corporate borrowersand obtained for a variety of purposes.  Risks associated with these loans can be significant.  Risks include, but arenot limited to, economic downturn in industry trends, deteriorated or non-existing collateral, fraud, bankruptcy, and changes ininterest rates.

Loans secured by real estate, which are made to businesses, are categorized as real estate loans.  Often, real estatecollateral is deemed to be superior to other collateral available to small- to medium-sized businesses. 

The Banks originate traditional first mortgage loans as an agent for an unaffiliated lender to individuals for one-to-four familystructures.  They offer traditional mortgage loans with loan-to-value amounts up to 95%. 

The Banks also offer nontraditional mortgage loans which they retain in their own loan portfolio.  Various types of fixed-rateand variable-rate products are available, with fixed rate loans generally limited to short-term balloon maturity.  Risksinvolved with residential mortgage lending include, but are not limited to, title defects, fraud, general real estate marketdeterioration, inaccurate appraisals, interest rate fluctuations and financial deterioration of the borrower.

The Banks also make residential construction loans, generally for one-to-four family unit structures.  The Banks require afirst lien position on the loans associated with construction projects.  Loan disbursements require independent, on-siteinspections to assure the project is on budget and that the loan proceeds are being used in accordance with the plans,specifications, and survey for the construction project and not being diverted to other uses.  The loan-to-value limit forsuch loans is 85% of the as-built appraised value for homes built for sale and second homes and 90% for owner occupied primaryresidents.  Loans for built for sale construction can present a high degree of risk depending on, among other things, whetherthe builder can sell the home and the nature of changing economic conditions. 

Additionally, the Banks make acquisition and development loans to approved developers for the purpose of developing acreage intosingle-family lots on which houses will be built.  The loan-to-value ratio for such loans does not exceed 75% of the developedvalue as defined by an independent appraisal, or 100% of the cost, whichever is less.  Loans for acquisition and developmentcan present a high degree of risk to the Banks, depending upon, among other things, whether the developer can find buyers for thelots, whether the builders can obtain financing, and the nature of changing economic conditions.

In addition, the Banks make consumer loans, consisting primarily of installment loans to individuals for personal, family andhousehold purposes, including loans for automobiles and home improvements.  Consumer lending decisions are based on adetermination of the borrower’s ability and willingness to repay the loan, which in turn are affected by such factors as theborrower’s income, job stability, previous credit history and any collateral for the loan.  Risks associated with theseloans include, but are not limited to, fraud, deteriorated or non-existing collateral, a general economic downturn, bankruptcy,layoffs, fraud, and consumer financial problems.

3

----

*Lending Policy.*  The current lending policy of each Bank is to offer consumer, real estate and commercial creditservices to individuals and entities that meet our credit standards.  Each Bank provides its lending officers with writtenguidelines for lending activities.  Lending authority is delegated by the Board of Directors of the particular Bank to loanofficers, each of whom is limited in the amount of secured and unsecured loans which he or she can make to a single borrower orrelated group of borrowers.

*Loan Review and Non-Performing Assets.*  The Company reviews the loan portfolio of each Bank to determine deficienciesand corrective action to be taken.   Senior lending officers at the Banks conduct periodic reviews of borrowers andongoing reviews of all past due loans.  Past due loans are reviewed at least weekly by lending officers and a summary reportis reviewed monthly by the particular Bank’s Board of Directors.  Each Board of Directors reviews all relationships forCommunity over $400,000 and samples below $400,000, all relationships for Community–Alabama over $150,000 and samples below$150,000 and all relationships for Community-Troup over $275,000 and samples below $275,000, whether current or past due, arereviewed by the respective Bank’s Board of Directors at least once annually.  In addition, each Bank maintains internalclassifications of problem and potential problem loans.

*Asset/Liability Management*.  The Board of Directors of each Bank is charged with establishing policies to manage theassets and liabilities of each Bank.  Each Board’s task is to manage asset growth, net interest margin, liquidity andcapital.  The Company directs the overall acquisition and allocation of funds based on these policies.  At monthlymeetings, the asset/liability committees of the Banks comprised of senior officers of the respective Bank receive a report fromeach Bank with regard to the monthly asset and liability funds budget and income and expense budget of the Bank in relation to theactual composition and flow of funds, the ratio of the amount of rate-sensitive assets to the amount of rate-sensitive liabilities,the amount of interest rate risk and equity market value exposure under varying rate environments, the ratio of loan loss reserveto outstanding loans and other variables, such as expected loan demand, investment opportunities, core deposit growth withinspecified categories, regulatory changes, monetary policy adjustments and the overall condition of the local and stateeconomy.

*Investment Policy*.  Our investment portfolio policy is to maximize income consistent with liquidity, asset quality andregulatory constraints.  The policy is reviewed annually by the Board of Directors of each Bank.  Individualtransactions, portfolio composition and performance are reviewed and approved monthly by the Board of Directors of each bank or acommittee thereof.  The President of each Bank reports to the Bank’s full Board of Directors on a monthly basisinformation concerning sales, purchases, resultant gains or losses, average maturity, federal taxable equivalent yields andappreciation or depreciation by investment categories.

**Business Description of Non-Banking Subsidiaries**

*Financial Supermarkets*.  Financial Supermarkets, formed as a Georgia corporation in 1984, is a wholly-owned subsidiaryof Community.  Financial Supermarkets’ primary business is to provide various consulting and licensing services tofinancial institutions in connection with the establishment of turn-key bank branches in supermarkets and other retaillocations.  These services are marketed to other financial institutions.  Financial Supermarkets enters into agreementsprimarily with major supermarket chains for the right to establish bank branches in particular sites.  Financial Supermarketsthen licenses such rights, along with the right to operate the Supermarket Bank®, to individual financial institutions, in additionto providing consulting services to such institutions ranging from providing alternative construction designs to coordinatingemployee training.

Since 1984, Financial Supermarkets has assisted clients with the development ofover 800 supermarket bank facilities in supermarkets andother retail locations throughout the United States.  Over its 19-year history, Financial Supermarkets has expanded the scopeof its business beyond supermarket bank consulting and development to include regulatory consulting for the financial servicesindustry, marketing consulting, a travel agency, and owning an interest in a company designed to provide wholesale internetservices.

*Financial Properties.*  Financial Properties is the Century 21® real estate franchisee in Habersham, Stephens andJackson Counties, Georgia. 

4

----

**Competition**

*The Banks*.  The banking business is highly competitive.  The Banks compete with other banks, savings associations,finance companies, credit unions, governmental agencies, and other financial service organizations in the three markets in whichthe Banks operate.  Many of these competitors have substantially greater resources than do the Banks.

*Non-Banking Subsidiaries.*  Financial Supermarkets primarily competes in the in-store bank branch consulting businesswith International Banking Technologies of Atlanta, Georgia, and Memphis-based National Commerce Bank Services, Inc. Financial Properties competes with other real estate brokers in Habersham, Stephens and Jackson Counties, Georgia.

**Employees**

At December 31, 2002, the Company had 364 full-time employees and 40 part-time employees.  Neither the Company nor any of itssubsidiaries is a party to any collective bargaining agreement, and our management believes that the Company’s employeerelations are good.

**Supervision and Regulation**

*General*.  The Company is a registered financial holding company subject to regulation by the Federal Reserve under theBank Holding Company Act of 1956, as amended (the “Bank Holding Company Act”).  The Company is required to filefinancial information with the Federal Reserve periodically and is subject to periodic examination by the FederalReserve.

The Act requires every financial holding company to obtain the Federal Reserve’sprior approval before (1) it may acquire direct or indirect ownership or control of more than 5% of the voting shares of any bankthat it does not already control; (2) it or any of its non-bank subsidiaries may acquire all or substantially all of the assets ofa bank; and (3) it may merge or consolidate with any other bank holding company.  In addition, a financial holding company isgenerally prohibited from engaging in, or acquiring, direct or indirect control of the voting shares of any company engaged innon-banking activities.  This prohibition does not apply to activities listed in the Act or found by the Federal Reserve, byorder or regulation, to be closely related to banking or managing or controlling banks as to be a proper incident thereto. Some of the activities that the Federal Reserve has determined by regulation or order to be closely related to bankingare:

> - making or servicing loans and certain types of leases;
- performing certain data processing services;
- acting as fiduciary or investment or financial advisor;
- providing brokerage services;
- underwriting bank eligible securities;
- underwriting debt and equity securities on a limited basis through separately capitalized subsidiaries; and
- making investments in corporations or projects designed primarily to promote community welfare.

Although the activities of bank holding companies have traditionally been limited to thebusiness of banking and activities closely related or incidental to banking (as discussed above), the Gramm-Leach-Bliley Act becameeffective in 2000, and relaxed the previous limitations thus permitting bank holding companies to engage in a broader range offinancial activities.  Specifically, bank holding companies may elect to become financial holding companies which mayaffiliate with securities firms and insurance companies and engage in other activities that are financial in nature.  Amongthe activities that will be deemed “financial in nature” include:

> - lending, exchanging, transferring,      investing for others or safeguarding money or securities;
- insuring, guaranteeing, or indemnifying against loss, harm, damage, illness, disability, or death, or providing and issuingannuities, and acting as principal, agent, or broker with respect thereto;
- providing financial, investment, or economic advisory services, including advising an investment company;
- issuing or selling instruments representing interests in pools of assets permissible for a bank to hold directly; and
- underwriting, dealing in or making a market in securities.

A bank holding company may become a financial holding company under this statute only ifeach of its subsidiary banks is well capitalized, is well managed and has at least a satisfactory rating under the CommunityReinvestment Act.  A bank holding company that falls out of compliance with such requirement may be required to cease engagingin certain activities.  Any bank holding company that does not elect to become a financial holding company remains subject tothe current restrictions of the Act.

5

----

Under this legislation, the Federal Reserve Board serves as the primary“umbrella” regulator of financial holding companies with supervisory authority over each parent company and limitedauthority over its subsidiaries.  The primary regulator of each subsidiary of a financial holding company will depend on thetype of activity conducted by the subsidiary.  For example, broker-dealer subsidiaries will be regulated largely by securitiesregulators and insurance subsidiaries will be regulated largely by insurance authorities.

The Company must also register with the Department of Banking and Finance of the State of Georgia (the “DBF”) and fileperiodic information with the DBF.  As part of such registration, the DBF requires information with respect to theCompany’s financial condition, operations, management and inter-company relationships, and related matters.  The DBF mayalso require such other information as is necessary to keep itself informed as to whether the provisions of Georgia law and theregulations and orders issued thereunder by the DBF have been complied with, and the DBF may examine the Company and each of theBanks.

The Company is an “affiliate” of the Banks under the Federal Reserve Act, which imposes certain restrictions on (1 )loans by the Banks to the Company,  (2)  investments in the stock or securities of the Company by the Banks, (3)  the Banks taking the stock or securities of an “affiliate” as collateral for loans by the Banks to a borrowerand (4) the purchase of assets from the Company by the Banks.  Further, a bank holding company and its subsidiaries areprohibited from engaging in certain tie-in arrangements in connection with any extension of credit, lease or sale of property orfurnishing of services.

Community and Community-Troup, as Georgia banks, are subject to the supervision of, and are regularly examined by, the FederalDeposit Insurance Corporation (the “FDIC”) and the DBF.  Community-Alabama, as an Alabama bank, is subject to thesupervision and examination of the FDIC and the Alabama State Banking Department (the “ABD”).  Both the FDIC andthe DBF must grant prior approval of any merger, consolidation or other corporate reorganization involving Community orCommunity-Troup and the FDIC and ABD must grant prior approval of any merger, consolidation or other corporate reorganizationinvolving Community-Alabama.  A bank can be held liable for any loss incurred by, or reasonably expected to be incurred by,the FDIC in connection with the default of a commonly-controlled institution. 

*Payment of Dividends*.   The Company is a legal entity separate and distinct from the Banks.  A portion of theCompany’s revenues result from dividends paid to the Company by the Banks.  There are statutory and regulatoryrequirements applicable to the payment of dividends by the Banks, as well as by the Company to the Company’sshareholders.   

The Banks are each state-chartered banks regulated by the DBF or ABD, as applicable, and the FDIC.  Under the regulations ofthe DBF, dividends may not be declared out of the retained earnings of a Georgia bank without first obtaining the writtenpermission of the DBF unless such bank meets all of the following requirements:

> - Total classified assets as of the most recent examination of the bank do not exceed 80% of equity capital (as defined byregulation);

> - The aggregate amount of dividends declared or anticipated to be declared in the calendar year does not exceed 50% of the netprofits after taxes but before dividends for the previous calendar year; and
- The ratio of equity capital to adjusted assets is not less than 6%. 

Under the regulations of the ABD, dividends may be declared by a state bank without obtaining the prior written approval of the ABDonly if:

> - the bank’s surplus (as defined by regulation) is equal to at least 20% of its capital (as defined by regulation)and 
- the aggregate of all dividends declared or anticipated to be declared in the calendar year does not exceed the total of its netearnings (as defined by regulation) of that year combined with its retained net earnings of the preceding two year, less anyrequired transfers to surplus. 

6

----

The payment of dividends by the Company and the Banks may also be affected or limited by other factors, such as the requirement tomaintain adequate capital above regulatory guidelines.  In addition, if, in the opinion of the applicable regulatoryauthority, a bank under its jurisdiction is engaged in or is about to engage in an unsafe or unsound practice (which, dependingupon the financial condition of the Banks, could include the payment of dividends) such authority may require, after notice andhearing, that such bank cease and desist from such practice.  The FDIC has issued a policy statement providing that insuredbanks should generally only pay dividends out of current operating earnings.  In addition to the formal statutes andregulations, regulatory authorities consider the adequacy of each of the Bank’s total capital in relation to its assets,deposits and other such items.  Capital adequacy considerations could further limit the availability of dividends to theBanks.  At December 31, 2002, retained earnings available from the Banks to pay dividends totaled approximately $5.1 millionwithout regulatory approval.  For 2002, the Company’s cash dividend payout to shareholders was6.7% of netincome.

*Monetary Policy*.   The results of operations of the Banks are affected by credit policies of monetary authorities,particularly the Federal Reserve.  The instruments of monetary policy employed by the Federal Reserve include open marketoperations in U.S. government securities, changes in the discount rate on bank borrowings and changes in reserve requirementsagainst bank deposits.  In view of changing conditions in the national economy and in the money markets, as well as the effectof actions by monetary and fiscal authorities, including the Federal Reserve, no prediction can be made as to possible futurechanges in interest rates, deposit levels, loan demand or the business and earnings of the Banks.

*Capital Adequacy*.   The Federal Reserve and the FDIC have implemented substantially identical risk-based rules forassessing bank and bank holding company capital adequacy.  These regulations establish minimum capital standards in relationto assets and off-balance sheet exposures as adjusted for credit risk.  Banks and bank holding companies are required tohave  (1) a minimum level of total capital (as defined) to risk-weighted assets of 8%; (2) a minimum Tier One Capital (asdefined) to risk-weighted assets of 4%; and  (3) a minimum stockholders’ equity torisk-weighted assets of4%.  In addition, the Federal Reserve and the FDIC have established a minimum 3% leverage ratio of Tier One Capital to totalassets for the most highly-rated banks and bank holding companies.  “Tier One Capital” generally consists ofcommon equity not including unrecognized gains and losses on securities, minority interests in equity accounts ofconsolidated  subsidiaries and certain perpetual preferred stock less certain intangibles. The Federal Reserve and the FDICuse the leverage ratio in tandem with the risk-based ratio to assess the capital adequacy of banks and bank holdingcompanies.  The FDIC, the Office of the Comptroller of the Currency (the “OCC”) and the Federal Reserve amended,effective January 1, 1997, the capital adequacy standards to provide for the consideration of interest rate risk in the overalldetermination of a bank’s capital ratio, requiring banks with greater interest rate risk to maintain adequate capital for therisk.  The revised standards have not had a significant effect on the Company’s capitalrequirements.

In addition, Section 38 of the Federal Deposit Insurance Act implemented the prompt corrective action provisions that Congressenacted as a part of the Federal Deposit Insurance Corporation Improvement Act of 1991 (the “1991 Act”).  The“prompt corrective action” provisions set forth five regulatory zones in which all banks are placed largely based ontheir capital positions.  Regulators are permitted to take increasingly harsh action as a bank’s financial conditiondeclines.  Regulators are also empowered to place in receivership or require the sale of a bank to another depositoryinstitution when a bank’s capital leverage ratio reaches 2%.  Better capitalized institutions are generally subject toless onerous regulation and supervision than banks with lesser amounts of capital.

The FDIC has adopted regulations implementing the prompt corrective action provisions of the 1991 Act, which place financialinstitutions in the following five categories based upon capitalization ratios:    (1) A “wellcapitalized” institution has a total risk-based capital ratio of at least 10%, a Tier One risk-based ratio of at least 6% anda leverage ratio of at least 5%;  (2)  an “adequately capitalized” institution has a total risk-based capitalratio of at least 8%, a Tier One risk-based ratio of at least 4% and a leverage ratio of at least 4%;  (3) an“undercapitalized” institution has a total risk-based capital ratio of under 8%, a Tier One risk-based ratio of under4% or a leverage ratio of under 4%;  (4) a “significantly undercapitalized” institution has a total risk-basedcapital ratio of under 6%, a Tier One risk-based ratio of under 3% or a leverage ratio of under 3%; and  (5) a“critically undercapitalized” institution has a leverage ratio of 2% or less.   Institutions in any of thethree undercapitalized categories would be prohibited from declaring dividends or making capital distributions.  The FDICregulations also establish procedures for “downgrading” an institution to a lower capital category based on supervisoryfactors other than capital.  Under the FDIC’s regulations, all of the Banks were “well capitalized”institutions at December 31, 2002.

7

----

Set forth below are pertinent capital ratios for the Company and the Banks as of December 31, 2002.

| Community

Community-Alabama

Community-Troup

The Company
     
Tier One Capital to Risk-based Assets

12.42%

13.43%

10.40%

12.38%
     
Total Capital to Risk-based Assets

13.67%

14.69%

11.65%

13.63%
     
Leverage Ratio (Tier One Capital to Average Assets)

9.17%

8.98%

8.08%

9.17%
     
**Available Information**

The Company is subject to the information requirements of the Securities Exchange Act of 1934, which means that it is required tofile certain reports and other information, all of which are available at the Public Reference Section of the Securities andExchange Commission at Room 1024, 450 Fifth Street, NW, Washington, D.C. 20549.  You may also obtain copies of the reports andother information from the Public Reference Section of the SEC, at prescribed rates, by calling 1-800-SEC-0330.  The SECmaintains a World Wide Web site on the Internet at www.sec.gov where you can access reports, information and registrationstatements, and other information regarding registrants that file electronically with the SEC through the EDGARsystem

The Company’s Internet website address iswww.communitybankshares.com.

**ITEM 2.               PROPERTIES.**

Community’s main office is located at 448 North Main Street, Cornelia, Georgia and it has seven full-service branches inHabersham, Jackson, Hall and White counties and twelve branches in supermarkets and Wal-Mart Stores. In addition, Community operates nine other branches in supermarkets and Wal-MartStores in adjacent counties.  Community-Troup’smain office is located at 201 Broad Street, LaGrange, Georgia and it has and one full-service branch and three branches insupermarkets and Wal-Mart stores.  Community-Alabama’s main office is located at 202 N. Powell Street, Union Springs,Alabama and it has two branches in supermarkets and Wal-Mart stores.

Community owns the property occupied by the operations center and the trust department in Cornelia and leases the property occupiedby the Loan Production Office in Gainesville.  Financial Supermarkets owns its main office located in Cornelia, Georgia, andleases an office in Atlanta, Georgia.  Financial Properties leases officespace in Jackson and Stephens Counties, Georgia.

Management of the Company believes that all of its properties are adequately covered by insurance.

**ITEM 3.               LEGAL PROCEEDINGS.**

The Company is not a party to, nor is any of its property the subject of, any material pending legal proceedings.

**ITEM4.                SUBMISSION OF MATTERS TO A VOTE OFSECURITY HOLDERS.**

No matters were submitted to a vote of security holders of the Company during the fourth quarter of its fiscal year.

**PART II**

**ITEM5.                    MARKET FORREGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.**

The common stock is not traded on any established public trading market.  At December 31, 2002, there were 468 holders ofrecord of the common stock and 2,166,757 shares of common stock issued and outstanding.  The following table sets forthcertain information regarding trades of the common stock known by management for the indicated periods. Included in theinformation for 2002 is the Company’s purchase of 34,573 shares at a price of$41.32 per share.

 

**Number**

 

**Size of Trades**

**Price of Trades**

**Year**

**ofTrades**

**AggregateShares**

**Smallest**

**Largest**

**Lowest**

**Highest**

2002

69

166,976

10 shares

25,143 shares

$41.00

$48.00

2001

88

235,620

10 shares

48,919 shares

$40.00

$44.00

In 2002, the Company declared cash dividends of $.25 per share. The Company declared cash dividends of $.21 and $.18 per share in2001 and 2000, respectively.  The Company intends to continue to pay cash dividends.  However, the amount and frequencyof dividends will be determined by the Company’s Board of Directors in light of the earnings, capital requirements and thefinancial condition of the Company, and no assurances can be given that dividends will be paid in the future. The Company’sability to pay dividends will also be dependent on cash dividends paid to it by the Banks.  The ability of the Banks to paydividends to the Company is restricted by applicable regulatory requirements.  See “ITEM 1 -- BUSINESS -- Supervisionand Regulation.”

8
   
**ITEM6.               SELECTED FINANCIAL DATA**
 
Year Ended December 31, 
2002

2001

2000

1999

1998
 
Dollars in Thousands, Except Per Share Amounts
      
**Selected Statement Of Income Data:**
     
     Total interest income

$43,488

$48,502

$47,039

$40,290

$34,613

     Total interest expense

16,501

23,240

22,303

17,697

15,950

     Net interest income

26,987

25,262

24,736

22,593

18,663

     Provision for loan losses

3,320

2,364

1,620

1,637

1,165

     Nonbank subsidiary income

10,586

10,826

8,915

6,720

9,043

     Other income

8,378

6,951

5,678

4,790

4,338

     Other expenses

31,182

30,425

27,085

23,831

20,402

     Net income

8,123

7,175

7,622

6,076

7,032

     Earnings per share

3.73

3.29

3.50

2.80

3.24

     Diluted earnings per share

3.72

3.26

3.46

2.80

3.20

     Cash dividends per share

.25

0.21

0.18

0.15

0.15

**Selected Balance Sheet Data:**

 
 
 
 
 
Total assets

$700,246

$646,209

$590,323

$516,150

$460,593

Total deposits

607,354

562,215

507,495

444,056

405,283

Other borrowings

16,665

12,070

10,844

16,054

5,808

Redeemable common stock held     by ESOP net of unearned ESOPshares               related to ESOP debt

 

15,194

 

15,160

 

15,088

 

13,982

 

14,254

Shareholders’ equity

51,853

43,443

38,249

30,820

26,291

Return on assets  (1)

1.22%

1.17%

1.40%

1.23%

1.68%

Return on equity (2)

13.06%

12.73%

16.45%

14.21%

18.84%

Dividend payout ratio (3)

6.70%

6.38%

5.14%

5.36%

4.63%

Equity to assets ratio (4)

9.32%

9.20%

8.48%

8.65%

8.92%

_________________________________________(1)           Net income divided byaverage total assets.(2)           Net income divided byaverage equity.(3)           Dividends declared per sharedivided by basic earnings per share.(4)           Average equity divided byaverage total assets.

9
   
**ITEM7.                 MANAGEMENT’SDISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS                                OF OPERATION.**

The following is a discussion and analysis of the Company’s financial condition at December 31, 2002 and 2001 and the resultsof operations for the three-year period ended December 31, 2002.  The purpose of the discussion is to focus on informationabout the Company’s financial condition and results of operations which are not otherwise apparent from the auditedconsolidated financial statements included in this annual report.  This discussion and analysis should be read in conjunctionwith the consolidated financial statements and related notes and the selected financial information and statistical data presentedelsewhere in this Annual Report.

*Critical Accounting Policies*.  The accounting principles the Company follows and its methods of applying theseprinciples conform with accounting principles generally accepted in the United States and with general practices within the bankingindustry.  In connection with the application of those principles, the Company has made judgments and estimates that, in thecase of the determination of the allowance for loan losses have been critical to the determination of the Company’s financialposition, results of operations and cash flows.

Management’s judgment in determining the adequacy of the allowance for loan losses is based onevaluations of thecollectibility of loans in the portfolio.  The allowance is an amount that management believes will be adequate to absorbestimated losses in the loan portfolio.  The allowance for loan losses is evaluated on a regular basis by management and isbased upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature andvolume of the loan portfolio, particular circumstances that may affect the borrower’s ability to repay, estimated value ofany underlying collateral and prevailing economic conditions.  This evaluation is inherently subjective as it requiresestimates that are susceptible to significant revision as more information becomes available.  While management uses the bestinformation available to make its evaluation, future adjustments to the allowance may be necessary if there are significant changesin economic conditions.  In addition, regulatory agencies, as an integral part of their examination process, periodicallyreview the Company’s allowance for loan losses, and may require the Banks to make additions to the allowance based on theirjudgment about information available to them at the time of their examinations.

*Balance Sheet Review*.  We experienced moderate growth during 2002.  For the year ended December 31, 2002,consolidated assets grew $54 million, or 8.36%, down from 2001 growth of $55.9 million or 9.47%.  During 2002, our averageassets were $667.7 million, compared with $612.6 million during 2001.  This represents an 8.98% increase in average assetsduring 2002 compared with a 12.13% increase during 2001.

10
   
**Average Balance Sheet and Net Interest Margin Analysis**

The following tables set forth the amount of the Company’s interest income and interest expense for each category ofinterest-earning asset and interest-bearing liabilities and the average interest rate for total interest-earning assets and totalinterest-bearing liabilities, net interest spread and net yield on average interest-earning assets.
 
Year Ended December 31,
 ** **
**2002**
** **** **
**2001**
** **** **
**2000**
** ** 
**Average**
** **
**Average**

**Average**
** **
**Average**

**Average**
** **
**Average**
 
**Balance**

**Interest**

**Rate**

**Balance**

**Interest**

**Rate**

**Balance**

**Interest**

**Rate**

**Assets:**
           
Interest earning assets
         
   Interest and fees on loans(1)(2)

$469,710

$37,423

7.97%

$436,420

$42,522

9.74%

$395,169

$41,189

10.42%

   Interest on taxable securities

56,091

2,766

4.93%

46,585

2,703

5.80%

43,090

2,831

6.57%

   Interest on nontaxable securities

62,636

2,986

4.77%

51,212

2,494

4.87%

45,270

2,162

4.78%

   Interest on Federal funds sold

18,861

302

1.60%

20,281

748

3.69%

14,125

842

5.96%

   Interest on deposits in banks

750

11

1.47%

687

35

5.09%

336

15

4.46%
    
Total interest earning assets

608,048

43,488

7.15%

555,185

48,502

8.74%

497,990

47,039

9.45%

Total non-interest earning assets

59,619
  
57,458
  
48,374
            
Total assets

667,667
  
612,643
  
546,364
   
   
   
   
**Liabilities and shareholders’ equity:**
         
Interest-bearing liabilities:
         
     Interest on demand deposits

131,621

1,727

1.31%

109,766

2,565

2.34%

100,094

3,022

3.02%

     Interest on savings deposits

29,826

226

.76%

24,851

467

1.88%

22,506

600

2.67%

     Interest on time deposits

336,654

13,826

4.11%

322,404

19,511

6.05%

283,816

17,819

6.28%

     Interest on other borrowings

13,709

722

5.27%

11,501

696

6.05%

15,001

862

5.74%
    
Total interest-bearing liabilities

511,810

16,501

3.22%

468,522

23,239

4.96%

421,417

22,303

5.29%

Other non-interest bearing liabilities

93,655
  
87,751
  
78,622
  
Shareholders’ equity (3)

62,202
  
56,370
  
46,325
         
Total liabilities and shareholders’ equity

667,667
  
612,643
  
546,364
   
   
   
   
Excess of interest earning assets
         
    over interest bearing liabilities

$96,238
  
$86,663
  
$76,573
   
   
   
   
Ratio of interest earning assets
         
     to interest bearing liabilities

119%
  
118%
  
118%
 
Net interest income
 
$26,987
  
$25,263
  
$24,736
   
   
   
  
Net interest spread
  
3.93%
  
3.78%
  
4.16%

Net interest margin
  
4.44%
  
4.55%
  
4.97%

_________________________(1) Includes non-accrual loans.(2) Loans are net of unearned fees.(3) Unrealized gains & losses are included in equity, net of taxes.

11
   
Our total earning assets, which include investment securities, loans, federal funds sold, and interest-bearing deposits in banksincreased $45.1 million or 7.76% during 2002.  During 2001, earning assets increased $57.5 million, or 10.98% over 2000. Average earning assets for 2002 were $608 million, an increase of 9.52% over average earning assets in 2001 which were $555.2million or an increase of 11.49% over 2000.

Our total investments increased in 2002 by$19.9 million or 18.27 % over 2001.  Average investments in 2002 were $118.7million for 2002, a 21.40% increase over average investments for 2001.  The net increase occurred in the available for saleportfolio.  Our total investments increased in 2001 by $16.5 million or17.8% over 2000.  Average investments in 2001were $97.8 million in 2001, a 10.7% increase over average investments for 2000.

**Types of Investments**

The carrying amounts of securities at the dates indicated are summarized as follows:
 Securities        Available-for-Sale (1)
December        31, 2002
U.S.        Government and agency securities$34,095
State        and municipal securities 39,665
Mortgage-backed        securities 21,542
Equity        securities (2) 
6,270
 $100,356
December        31, 2001
 

U.S.        Government and agency securities$32,227
State        and municipal securities 29,188
Mortgage-backed        securities 14,611
Equity        securities (2) 
3,092
 $77,902
December        31, 2000
$
36,473
U.S.        Government and agency securities
State        and municipal securities15,041
Mortgage-backed        securities7,668
Equity        securities (2)
1,887 $92,262Securities        Held-to-Maturity (1)
December        31, 2002
State        and municipal securities$27,016 
December        31, 2001
State        and municipal securities$29,602 
December        31, 2000
State        and municipal securities$31,193
________________________(1)               Securities include “heldto maturity” securities carried at amortized cost and “available-for-sale” securities carried at fairvalue.

(2)               Includes restricted equity securities.

The Banks’ mortgage-backed portfolio consists of sixty U.S. Government corporation collateralized mortgage obligations. Theactual maturity of these securities will differ from the contractual maturity because borrowers on the underlying loans usuallyhave the right to prepay obligations with or without prepayment penalties.  Decreases in interest rates will generally causeprepayments to increase while increases in the interest rates will have the opposite effect on prepayments. Prepayments of theunderlying loans may shorten the life of the security, thereby adversely effecting the yield to maturity. In an increasing interestrate environment, the Banks may have an obligation yielding a return less than the current yields on securities. However,because the majority of these in mortgage-backed securities have adjustable rates, negative effects of changes in interest rates onearnings and carrying values of these securities are mitigated.

At December 31, 2002, we had net unrealized gains of approximately$3.3 million in the securities available for sale portfolio ascompared to net unrealized gains of approximately $7,000 at December 31, 2001.  Net unrealized gains (losses) represent thedifference in the amortized cost of those securities and to the fair value at those dates and are included in shareholders’equity, net of the tax effect. Management sells securities to meet liquidity needs and may sell securities in rising interest-rateenvironments to take advantage of higher returns in the long run.  In 2002 we sold $5.1 million of securities classified asavailable for sale, realizing net gains of $139,000 on a consolidated basis.  In 2001, we sold $6.7 million of securitiesclassified as available for sale, realizing net gains of $48,000 on a consolidated basis.  The held to maturity securitiesportfolio included net unrealized gains of approximately $1.7 million at December 31, 2002 compared to net unrealized gains of$782,000 at December 31, 2001.   Such gains are not recognized in income or equity until such securities are sold. U.S. Treasury, other U.S. Government agencies and corporations andmortgage-backed securities, which provide reasonable returns with limited risk, represent43.27% of the total portfolio.  The remaining portfolio is comprised of municipal securities, and equity securities, whichprovide, in general, higher returns on a tax equivalent basis, with greater risk elements.   Management regularlymonitors our investment portfolios. 

12
   
**Maturities of Investments**

The amounts of securities in each category as of December 31, 2002 are shown in thefollowing table according to maturity classifications of one year or less, after one year through five years, after five yearsthrough ten years, and after ten years.
 U. S. Treasury and Other  U. S. Government agencies  and corporations(2)Municipal  securities(3)Other  Securities(4) AmountYieldAmountYieldAmountYield
Available for Sale (1)

 
 
 
 
 
 
One year or less

$ 

 2,819     
5.79%

$

 151       
6.75%

$ 

 3,651     
1.03%     

After one year
      
     Through five years

33,300     

5.22%

5,276       

3.87%
  
After five years

 
 
 
 
 
 
     Through ten years

9,678     

5.42%

8,154       

4.37%
  
After ten years

9,839     

5.08%

26,084       

5.23%

2,619     

3.26%     

         Total

$

55,636     
5.26%

$

39,665       
4.88%

$ 

 6,270     
1.96%     

Held to Maturity(1)

 
 
 
 
 
 
One year or less

 
 
 $
781       
5.00%

 
 
After one year

 
 
 
 
 
 
     Through five years
  
4,312       

5.09%
  
After five years

 
 
 
 
 
 
     Through ten years
  
11,634       

5.06%
  
After ten years

 
 
10,289       

5.60%

 
 
          Total

 
 
$

27,016       
5.27%

 
 
**______________________**

(1)

 Yields were computed usingbook value, coupon interest, adding discount accretion or subtracting premium amortization, as appropriate, on a ratable basis overthe life of each security. The weighted average yield for each maturity range was computed using the carrying value of eachsecurity in that range.

(2)

 The above scheduleincludes mortgage-backed securities based on their contractual maturity date. In practice, cash flow in these securities issignificantly faster than their stated maturity schedules due to the normal payments of principal and interest as well as theprepayment of the mortgage loans backing the investment.

(3)

 Yields on municipalsecurities have not been computed on a tax equivalent basis.

(4)

 Other securities consistsof equity securities and are included in the under one-year maturity range because the securities have no contractual maturitydate.

13
   
Our total loans grew by $35.6 million during 2002 for an increase of 7.81% over 2001.  Our total loans grew in 2001 by$37.9 million for an increase of 9.06% over 2000.  During 2002, average loans were$469.7 million or an increase of 7.63 %over 2001 compared to an increase during 2001 of 10.44% over 2000 to $436.4 million.  The increase in loans is primarily theresult of continued loan growth in our existing markets.

**Types of Loans**

The amounts of loans outstanding at the indicated dates are in the following tableaccording to the type of loan.
 
Year ended December 31,  
 
2002

 
2001

 
2000

 
1999

 
1998
 
Commercial, financial
  
  
  
  
  
     and agricultural (1)
$
52,852 
$
53,299 
$
57,012 
$
69,429 
$
54,934 

Real estate-construction
 
40,342 
 
32,397 
 
28,120 
 
24,208 
 
21,327 

Real estate-mortgage
 
338,772 
 
313,851 
 
274,216 
 
230,139 
 
189,051 

Consumer and other (2)
 
59,401 
 
56,243 
 
58,561 
 
53,093 
 
48,825 
  $
491,367 
$
455,790 
$
417,909 
$
376,869 
$
314,137 

Less allowance for loan losses
 
(7,742)
 
(6,652)
 
(6,307)
 
(5,683)
 
(4,863)
 
         Net loans
$
483,625 
$
449,138 
$
411,602 
$
371,186 
$
309,274 

 
  
______________________________________

(1)

 Commercial, financial andagricultural loans include loans held for sale in 2001, 2000, 1999 and 1998, which are included in other assets in the consolidated balance sheets. TheCompany had no loans held for sale in 2002 or 2001.

(2)

 Amounts are disclosed net ofunearned loan income.

Loans outstanding as of December 31, 2001, 2000, 1999 and 1998 have been reclassified to be consistent with the presentationadopted for the year ended December 31, 2002.

14
   
**Maturities And Sensitivities Of Loans To Changes In Interest Rates**

Total loans as of December 31, 2002 are shown in the following table according to maturityclassifications one year or less, after one year through five years and after five years:
 
(Dollars in Thousands)

Maturity:
  
   One year or less:
   
          Commercial, financialand agricultural

$

34,618

          Realestate-construction
 
36,109

          All otherloans
 
182,628
    
 253,355
  
   After one year through five years:
  
          Commercial, financialand agricultural
 
15,451

          Realestate-construction
 
4,233

          All otherloans
 
186,257
    
205,941
  
   After five years:
  
         Commercial, financialand agricultural
 
2,782

          Realestate-construction
 
0

           All otherloans
 
29,289
    
32,071
      
$

491,367
  
 

The following table summarizes loans at December 31, 2002 with due dates after one yearwhich have predetermined and floating or adjustable interest rates:
 
(Dollars in Thousands)

          Predeterminedinterest rates

$

181,334

          Floating oradjustable interest rates
 
56,678
   
$

238,012
  
  
Federal funds sold decreased by $7.1 million or 43.77% from year-end 2001 to 2002.  Average federal funds for 2002 were$18.8 million or a 7.00% decrease.  During 2001, average federal funds sold increased by $6.1 million or 43.58% as compared to2000.

The growth in total assets for the year ended December 31, 2002 was funded mainly by growth in deposits.  Consolidateddeposits grew $45.1 million or 8.03% in 2002 as compared to $54.7 million or 10.78% in 2001.  Much of the increase in totaldeposits was concentrated in interest bearing and noninterest bearing demand deposits.  We experienced a 19.91% increase inaverage interest bearing demand deposits in 2002 with a 13.98% growth in average noninterest bearing demand, a 20.02% growth inaverage savings and a 4.42% increase in average time deposits.  During 2001, we experienced a9.66% increase in interest-bearingdemand deposits with a 9.01% increase in average noninterest bearing demand, a10.42% increase in average savings and a 13.60% increase in average timedeposits.

We borrowed $5 million from Federal Home Loan Bank in 2002 to increase ourtotal outstanding debt to $16.6 million.  The loanproceeds were used to fund loans.

15
   
**Deposits**

Average amount of deposits and average rates paid thereon, classified as tononinterest-bearing demand deposits, interest-bearing demand and savings deposits and time deposits, for the years indicated arepresented below.
 
Year Ended December 31,
 
2002

2001

2000
  
Balance

AverageInterestRate

Balance

InterestRate

Balance

AverageInterestRate
        
Noninterest-bearing demand

$

82,944
 
$
72,773 
$
66,760 
Interest-bearing demand deposits

 
131,621
1.31%

 
109,766
2.34%

 
100,094
3.02%

Savings deposits

 
29,826
  .76%

 
24,851
1.88%

 
22,506
2.67%

Time deposits

 
336,654
4.11%

 
322,404
6.05%

 
283,816
6.28%
     
          Totaldeposits

$
581,045 
$
529,794 
$
473,176  
   
   
   
The amounts of time certificates of deposit issued in amounts of $100,000 or more as ofDecember 31, 2002 are shown below by category, which is based on time remaining until maturity of (1) three months or less, (2)over three through six months, (3) over six through twelve months and (4) over twelve months.
 
December 31, 2002
 
(Dollars in Thousands)
    
Three months or less

$

33,375
 
Over three through six months
 
28,167
 
Over six through twelve months
 
38,299
 
Over twelve months
 
24,150
     
$

123,991
   
  
**Results of Operations **

*Net Income*.  Our net income for 2002 was $8.1 million, as compared to $7.2 million in 2001, an increase of13.22%.  The increase in net income between 2002 and 2001 is primarily attributable to an increase in non-interestincome.  Our net income for 2000 was $7.6 million, a decrease of 5.86%.

*Net Interest Income*.  Our results of operations are influenced by management’s ability to effectively manageinterest income and expense, to minimize loan and investment losses, to generate non-interest income and to control operatingexpenses.  Because interest rates are determined by market forces and economic conditions beyond our control, our ability togenerate net interest income is dependent upon our ability to obtain an adequate net interest spread between the rate paid oninterest-bearing liabilities and the rate earned on interest-earning assets.  Our net interest income increased by $1.7million for the year ended December 31, 2002 compared to an increase of  $527,000 for the year ended December 31, 2001. The yield on interest-earning assets decreased 159 basis points in 2002 from 2001 as compared to a71 basis points decrease in 2001from 2000, while the yield on interest earning liabilities decreased by 174 basis points in 2002 as compared to adecrease of 33 basis points in 2001.  The increase in average interest earning assets in 2002 of $52.8 million over 2001, net of the increasein average interest-bearing liabilities of $43.3 million, contributed to the 6.82% increase in net interest income in 2002 ascompared to an increase in average interest-earning assets in 2001 of 57.2 million over 2000, net of interest-earning liabilities of$47.1 million, which contributed to a 2.13% increase in net interest income.  The increase in netinterest income in 2002 led to anincrease in 2002 over 2001 of 15 basis points in net interest spread from 3.78% to 3.93% due to a larger decrease in the costs offunds without a comparable decrease in the yield on earning  assets as compared to adecrease in 2001 over 2000 of 38 basis points from 4.16 to3.78%.  More significant to the growth in net interest income and net interest spread in 2002 over 2001, however, was that netinterest income and the spread were significantly impacted in 2001 by declining interest rates. During 2001 in a declininginterest rate environment, our loans on average repriced more rapidly than did our time deposits, which predominately have originalmaturities of six months or longer.

16
   
The Company will continue to actively monitor and maintain the net interest spread to counteract the current markettrends. 

**Rate and Volume Analysis**

The following table describes the extent to which changes in interest rates and changes in volume of interest-earning assets andinterest-bearing liabilities have affected the Company’s interest income and expense during the year indicated.  Foreach category of interest-earning assets and interest-bearing liabilities, information is provided on changes attributable to (1)change in volume (change in volume multiplied by old rate); (2) change in rate (change in rate multiplied by old volume); and (3) acombination of change in rate and change in volume.  The changes in interest income and interest expense attributable to bothvolume and rate have been allocated proportionately to the change due to volume and the change due to rate.

17
    
Year Ended December 31, 2002 vs. 2001
 
Changes Due to:
 
 Rate

 Volume

Increase(decrease)
  
(Dollars in Thousands)

Increase (decrease) in:
   
     Income from interest-earning assets:
   
     Interest and fees on loans

$
(8,168)
$

3,069 
$

 (5,099)
     Interest on taxable securities

 
(441)
504 

63 

     Interest on nontaxable securities

 
(54)
546 

492

     Interest on Federal Funds sold

  
 (397)
(49)

(446)

     Interest on deposits in banks

  
 (27)
3 

(24)
 
         Total interestincome

$
 (9,087)
$

4,073 
$

 (5,014)      
     Expense  from interest-bearingliabilities:
    
     Interest expense on interest-bearingdeposits

$
 (1,279)
$

441 
$

 (838)
     Interest on savings deposits

 
(320)
79 

(241)

     Interest on time deposits

 
(6,514)
829 

(5,685)

     Interest on other borrowings

 
(97)
123 

26 
 
          Total interestexpense

$
 (8,210)
$

1,472 
$

 (6,738)      
         Net interestincome

$
 (877)
$

2,601 
$

 1,724  
       
Year Ended December 31, 2001 vs. 2000
 
Changes Due to:

 Rate

 Volume

Increase(decrease)
  
(Dollars in Thousands)

Increase (decrease) in:
   
     Income from interest-earning assets:
   
     Interest and fees on loans

$

(2,794)
$

4,127 
$

1,333 
     Interest on taxable securities

(347)

219 

(128)

     Interest on nontaxable securities

43 

289 

332 

     Interest on Federal Funds sold

(386)

292 

(94)

     Interest on deposits in banks

2 

18 

20 
 
         Total interest income

$

(3,481)
$

4,945 
$

1,463      
     Expense  from interest-bearingliabilities:
   
     Interest expense on interest-bearingdeposits

(729)

272 

(457)

     Interest on savings deposits

(191)

58 

(133)

     Interest on time deposits

(662)

2,354 

1,692 

     Interest on other borrowings

44 

(210)

(166)
 
         Total interestexpense

$

(1,538)
$

2,474 
$

 936      
          Net interestincome

$
(1,944)
$
2,471 
$
527  
  
18
   
*Provision for Loan Loss*.   The provision for loan losses for the year ended December 31, 2002 increased by $956,000from $2,364,000 for 2001 to $3,320,000 for 2002.  In 2001 the provision increased $744,000 from the December 31, 2000 level of$1,620,000.  The provision for loan losses fluctuates based on loan volume and changes in credit quality.  During 2002,the provision for loan losses was increased due to an increased level of charged-off loans in2002.   Managementmaintains an allowance for loan losses based on the evaluation of potential problem loans as well as minimal reserves for all loansbased on past net charge-off experience.  The guaranteed portions of loans generated by the loan production office aresubsequently sold.  Because most loans retained by the loan production office consist of the portion of SBA loans that are notguaranteed and are out-of market, these loans require additional allowances due to the greater risk of loss in the event ofdefault.  These loans, however, are subjected to the same underwriting standards and periodic loan review procedures as otherloans made by the Banks.

**Nonaccrual, Past Due And Restructured Loans**

Information with respect to nonaccrual past due and restructured loans at the indicateddates is as follows:
 
Year ended December 31, 
2002

2001

2000

1999

1998
  
(Dollars in Thousands)
      
Nonaccrual loans

$5,107

$4,421

$1,143

$1,743

$1,119
      
Loans contractually past due ninety days
     
     or more as to interest or principal
     
     Payments and still accruing

3,529

1,679

1,281

1,572

706
      
Loans, the terms of which have been
     
     Renegotiated to provide a reduction
     
     or deferral of interest or principal
     
     because of deterioration in the
     
     financial position of the borrower

1,051

1,265

744

842

572

The reduction in interest income associated with nonaccrual and renegotiated loans as ofDecember 31, 2002 is as follows:

Interest income that would have been recorded on nonaccrual
 
     and restructured loans under originalterms

$462
    
Interest income that was recorded on nonaccrual and restructuredloans

$297

The Banks’ policy is to discontinue the accrual of interest income when, in the opinion of management, collection of suchinterest becomes doubtful. This status is accorded such interest when (1) there is a significant deterioration in the financialcondition of the borrower and full repayment of principal and interest is not expected and (2) the principal or interest is morethan ninety days past due, unless the loan is both well-secured and in the process of collection.  Accrual of interest on suchloans is resumed, in management’s judgment, when the collection of interest and principal become probable. Loansclassified for regulatory purposes as substandard or special mention that have not been included in the table above do notrepresent or result from trends or uncertainties which management reasonably expects will materially effect future operatingresults, liquidity or capital resources. These classified loans do not represent material credits about which management is awareand which causes management to have serious doubts as to the ability of such borrowers to comply with the loan repaymentterms.

Nonaccrualloans, delinquent loans greater than 90 days and restructured loans increased $2.3 million atyearend 2002 compared to a $4.2million increase in 2001 and a $989,000 decrease in 2000.  Delinquent and nonaccrual loans fluctuatesdepending on economic conditions.  During 2002 and 2001, due to the economic conditions, the Company experienced adeterioration in credit quality that resulted in an increase in nonaccrual loans.  Management has reviewed these loans anddetermined that the likelihood of any significant loss of principal is mitigated due to the value of the collateral securing theseloans.    The ratio of the allowance for loan losses to nonaccrual delinquent and restructured loans decreased from90% at December 31, 2001 to 80% at December 31, 2002.

19
   
The allowance for loan losses as a percentage of total loans outstanding at December 31,2002, 2001 and 2000 was 1.58%, 1.46% and 1.51%, respectively.  Net charge-offs in 2002 were $2,230,000, an increase of $211,000 from $2,019,000 in 2001, and the net charge-off ratio increased from .46% in 2001 to .47% in 2002.  The increase inthe provision is primarily attributable to several large loans that were charged off in 2002.  Based on management’sevaluation of the loan portfolio, including a review of past loan losses, current conditions that may affect borrowers’ability to repay and the underlying collateral value of the loans, management considers the allowance for loan losses to beadequate.

**Allowance for Loan Loss**

The following table summarizes average loan balances for each year determined using the daily average balances during the year;changes in the reserve for possible loan losses arising from loans charged off and recoveries on loans previously charged off;additions to the reserve which have been charged to operating expense; and the ratio of net charge-offs during the year to averageloans.
 
December 31, 
2002 

 

2001

 

2000

 

1999

 

1998
  
 (Dollars in Thousands)            
Balance of allowance for loan losses
          
     at beginning of year
$ 
6,652 
$ 
6,307 
$ 
5,683 
$ 
4,863 
$ 
4,024 
            
Loans charged off
          
     Commercial
$ 
(697)
$ 
(810)
$ 
(461)
$ 
(423)
$ 
(97)

     Real estate mortgage
 
(951)
 
(269)
 
  - - 
 
(23)
 
(7)

     Consumer
 
(920)
 
(1,129)
 
(693)
 
(632)
 
(391)
  $ 
(2,568)
$ 
(2,208)
$ 
(1,154)
$ 
(1,078)
$ 
(495)
             
Loans recovered
           
     Commercial
$ 
19 
$ 
18 
$ 
16 
$ 
45 
$ 
20 

     Real estate mortgage
 
121 
 
13 
 
- - 
 
4 
 
19 

     Consumer
 
198 
 
158 
 
141 
 
212 
 
130 
  $ 
338 
$ 
189 
$ 
157 
$ 
261 
$ 
169 
            
Net charge-offs
$ 
(2,230)
$ 
(2,019)
$ 
(997)
$ 
(817)
$ 
(326)
             
Additions to allowance charged
           
      to operating expense during year
$ 
3,320 
$ 
2,364 
$ 
1,621 
$ 
1,637 
$ 
1,165 
            
Balance of allowance for loan losses
          
     at end of year
$ 
7,742 
$ 
6,652 
$ 
6,307 
$ 
5,683 
$ 
4,863 
 
  
Ratio of net loans charged off during
          
     the year to average loans outstanding
 
0.47%
 
0.46%
 
0.25%
 
0.23%
 
0.11%
 
  
20
   
The provision for possible loan losses is created by direct charges to income. Losses onloans are charged against the allowance in the year in which such loans, in management’s opinion, become uncollectible.Recoveries during the year are credited to this allowance. The factors that influence management’s judgment in determiningthe amount charged to income are past loan loss experience, composition of the loan portfolio, evaluation of possible futurelosses, current economic conditions and other relevant factors.  The Company’s allowance for loan losses was $7.7million at December 31, 2002, representing 1.58% of total loans, compared with $6.7 million at December 31, 2001, which represented1.46% of total loans and $6.3 million at December 31, 2000 representing 1.51% of total loans. The allowance for loan losses isreviewed regularly based on management’s evaluation of current risk characteristics of the loan portfolio, as well as theimpact of prevailing and expected economic business conditions. Management considers the allowance for loan losses adequate tocover possible loan losses at December 31, 2002.

Historically, management has not allocated the Company’s allowance for loan lossesto specific categories of loans. However, based on management’s best estimate and historical experience, the allocation ofthe allowance for loan losses for December 31, 2002, 2001, 2000, 1999 and 1998 is summarized below:
 
December 31,
 
2002

2001

2000

1999

1998
  
(Dollars in Thousands)
      
Commercial

$1,161

$1,330

$1,261

$1,136

$   972

Real estate

4,259

2,130

1,892

2,103

1,458

Consumer

2,322

3,192

3,154

2,444

2,433
  
$7,742

$6,652

$6,307

$5,683

$4,863
 
        
Percent of loans in Each Category of Total Loans
      
December 31,
 
2002

2001

2000

1999

1998
  
(Dollars in Thousands)

Commercial

11%

12%

14%

18%

17%

Real estate

77%

76%

72%

68%

67%

Consumer

12%

12%

14%

14%

16%
  
100%

100%

100%

100%

100%
 
       
Other Income
 
2002

2001

2000
 
(Dollars in Thousands)
        
Service charges on deposit accounts

$  5,235

$  4,522

$  3,525

Other service charges, commissions and fees

1,664

1,240

933

Trust department fees

181

130

101

Nonbank subsidiary income

10,586

10,826

8,915

Gain on sale of loans

240

167

358

Security transactions, net

139

48

(2)

Other

918

844

763
    
$18,963

$17,777

$14,593
 
          
21
   
*Other Income*. Other income consists of income from operations of the Banksand Financial Supermarkets. Traditional non-interest income of the Banks accounts for only 44.18%, or$8.4 million, of total otherincome for 2002, 39.10%, or $6.9 million, in 2001, and 38.91%, or $5.7 million, in 2000.  The majority of the increase in otherincome of the Banks is related to the continued growth in deposits.  Service charges on deposit accounts increased by$713,000, $997,000 and $660,000, respectively, for the years ended December 31, 2002, 2001 and 2000.  In addition, incomeassociated with non-sufficient funds (“NSF fees”) fluctuates depending on activity.  NSF fees increased $249,000or 6.61% in 2002 compared to 2001.  NSF fees increased $844,000 or 22.57% in 2001 compared to 2000.  Average demand depositaccounts increased 17.54% in 2002 compared to a 9.4% increase in 2001 and a 1.55%decrease in 2000.  Included in other income of theBanks are gains on sale of SBA loans recognized by Community of $240,000, $167,000 and$358,000 for 2002, 2001 and 2000,respectively.  This represents an increase from 2001 of $73,000 and adecrease in 2001 from 2000 of $191,000.  Income associates with the sale ofSBA loans will fluctuate from year to year depending on the loan demand.

In 2002,nonbank subsidiary income decreased by $240,000 or 2.22% compared to 2001 andincreased by $1.9 million or 21.44% in 2001 compared to 2000.  During 2002,Financial Supermarkets received a $1 million payment for the release of theSafeway supermarket chain from its agreement with the Canadian Imperial Bank ofCommerce (“CIBC”).

The Company has had a decrease in installation of supermarket bank units during 2002 as compared to 2001.  This decrease wasdue to the termination of Financial Supermarkets’ agreement with CIBC to establishbanking pavilions in Florida.  In connection with that termination, Financial Supermarkets received a payment of$2 million in lieu of futureincome expectations, which amount was included in income in 2002.  Due to slowing economic conditions and the termination ofthe CIBC contract, management anticipates fewer sales of supermarket bank units and anticipates a significant decline in revenuesduring 2003 as compared to 2002.

 
Other OperatingExpense
 

2002

2001

2000

 
  
(Dollars in Thousands)
           
Salaries and benefits

$17,483

$16,517

$14,395
 
Equipment expenses

2,871

2,779

2,564
 
Occupancy expenses

1,849

1,797

1,595
 
Data processing expenses

967

1,052

833
 
Travel expenses

1,127

1,553

906
 
Office supply expenses

812

876

612
 
Other operating expenses

6,073

5,851

6,180
    
$31,182

$30,425

$27,085
  
 
*Non-Interest Expense*.  Other expenses increased for the year ended December 31, 2002 by$757,000 compared to a $3.3million increase in 2001 and a $3.3 million increase in 2000.  This represented a2.5% increase in expenses for 2002,  a12.33% increase for 2001 and a 13.65% increase for 2000.  Salaries and benefits increased $965,000 or 5.84 % in 2002 over 2001 dueprimarily to the staffing of new branches, general growth of the Company.  This compares to an increase of $2,123,000 or 14.75% in 2001 over 2000, which was primarily due to thestaffing of new locations and an increase in incentive pay at FinancialSupermarkets.

Equipment and occupancy expenses increased by $143,000 or 3.13% in 2002 over 2001 and  $418,000 or 5.88% in 2001 over2000.  The increases are due to the increased number of facilities operated by the Banks as well as additions of computerequipment necessary to operate the Company.  We operated 38, 35 and 29 locations at the year-end 2002, 2001, and 2000,respectively.  As 2002 closed, management is considering opening two additional facilities during 2003.   Managementexpects these locations to add to the continued growth and profitability of the Company.

Other expenses,including data processing, travel and office supply expenses, decreased by $353,000 in 2002 compared to an increase of$801,000 in 2001 and an increase of $974,000 in 2000.  Theprimary reason for the decrease in other expense during 2002 was due to a reduction in travel at Financial Supermarkets due tofewer Supermarket Banking installations in 2002 compared to 2001.  Other expenses increased during 2001and 2000 primarily due togrowth of the banking subsidiaries, increased costs associated with day-to-day operations and increased activity of FinancialSupermarkets.

*Income Taxes*.  We incurred income tax expenses of  $3.3 million in 2002, which represented an effective tax rateof 29%, compared to tax expense of $3.1 million in 2001, or an effective tax rate of 30%.  Income tax expense increased$250,000 to $3.3 million in 2002.  The effective tax rate at December 31, 2000 was 28%.

22
   
*Liquidity*.  The liquidity and capital resources of the Banks are monitored by management and on a periodic basis bystate and federal regulatory authorities.  The individual Banks’ liquidity ratios at December 31, 2002 were consideredsatisfactory under their own guidelines as well as regulatory guidelines.  At that date, the Banks’ cash equivalents andshort-term investments were adequate to cover any reasonably anticipated immediate need for funds.

The purpose of liquidity management is to ensure that cash flow is sufficient to satisfy demands for credit, withdrawals, and otherneeds.  Traditional sources of liquidity include asset maturities and growth in deposits.  A company may achieve itsdesired liquidity objectives from the management of assets and liabilities, and through funds provided by operations.  Fundsinvested in short-term marketable instruments and the continuous maturing of other earning assets are sources of liquidity from theasset perspective.  Scheduled loan payments are a relatively stable source of funds, but loan payoffs are influenced byinterest rates, general economic conditions and competition and may fluctuate significantly.  The liability base providessources of liquidity through deposit growth and accessibility to market sources of funds.  Our markets have traditionallyprovided us with growing and a stable deposit base.  We attempt to price our deposits to meet our asset/liability, includingliquidity, objectives consistent with local market conditions.  In addition, we have lines of credit available. Webelieve our sources of liquidity are stable and reliable for the foreseeable future.

Cash flows for us are of three major types.  Cash flows from operating activities consist primarily of interest and feesreceived on loans, interest received on securities, Federal funds sold, and interest bearing deposits less cash paid for interestand operating expenses.  Investing activities use cash for the purchase of interest-bearing deposits, securities, fixed assetsand to fund loans.  Investing activities also generate cash from the proceeds of matured interest-bearing deposits, maturedsecurities, sales of  securities, loan repayments and principal prepayments of securities.  Cash flows from financingactivities generate cash from a net increase in deposit accounts, increases in other borrowed funds and the issuance of commonstock.  Financing activities use cash for the payment of cash dividends and the repayment of other borrowed funds.

*Contractual Obligations and Commercial Commitments*.  The Banks in the normal course of business, commit to extend credit in the form of letters of credit orlines of credit. The amount of outstanding loan commitments and letters of credit at December 31, 2002, 2001 and 2000 were$38.0million, $35.6 million and $31.9 million, respectively.  Commitments to extend credit generally have fixed expiration datesor other termination provisions and may require payment of a fee.  Since many of the commitments expirewithout being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.

The following tables present the Company’s contractual obligations andcommercial commitments as of December 31, 2002. 

 
 
Payments Due by Period(Dollars in Thousands)

Contractual Obligations

Total

 
Less than1year

 
1-3 years

 
4-5 years

 
After 5years

Bank borrowings

$

1,665
 
$

587
 
$

897
 
$

181
 
$

0
FHLB borrowings

15,000
 
 0
 
0 
 
5,000
 
10,000
 
Operating leases

2,608
 
875
 
1,215
 
464
 
54
 
Total Contractual Cash Obligations

$

19,273 
$

1,462 
$

2,112 
$

5,645 
$

10,054 
  
 
 
Amount of Commitment Expiration per Period(Dollars in Thousands)

Other Commercial Commitments (1)

TotalAmountsCommitted 
Less than 1 year
 
1-3 years
 
4-5 years
 
After 5years

Commitments to extend credit  (2)

$

35,800 
$

29,165 
$

6,254 
$

0 
$

381
Customer letters of credit

2,214
 
 2,214 
 0 
50
 
0
 
Total Commercial Commitments

$

38,014 
$

31,379 
$

6,254 
$

0 
$

381 
  
*___________________*

(1)       Many of the commitments are expected to expire without being drawnupon.  Thus the indicated commitments do not necessarily represent future cash requirements. 

(2)       Commitments to extend credit in the “4-5 years” categoryprimarily represent home equity lines of credit which typically have a five year draw period.

23
   
*Concentrations of Credit Risk*.  Concentrations ofcredit risk arise when a number of counterparties have similar economic characteristics that would cause their ability to meetcontractual obligations to be similarly affected by changes in the economy or other conditions.  The Company’s loanportfolio consists primarily of commercial and real estate loans located in the geographic markets served by the Company, makingthe value of the portfolio susceptible to declines in real estate values and other changes in economic conditions in suchmarkets.  The Company does not believe it has excessive exposure to any individual customer.

*Capital Resources. * At December 31, 2002, the Company and Banks’ capital ratios were considered adequate based onminimum capital requirements of the FDIC and applicable state regulatory agencies.  During 2002, the Company increased capitalby retaining net earnings of $7.6 million compared to an increase in 2001 of $6.7 million and an increase in 2000 of$7.2 million.  In 2002, the company purchased $1.4 million in treasury stock.

For a tabular presentation of the Banks’ capital ratios at December 31, 2002, see “BUSINESS — SUPERVISION ANDREGULATION”.

We are not aware of any other trends, events or uncertainties that will have or that are reasonably likely to have a materialeffect on our liquidity, capital resources or operations.  We are not aware of any current recommendations by the regulatoryauthorities, which if they were implemented, would have such an effect.

*Effects of Inflation*.  Inflation impacts banks differently than non-financial institutions.  Banks, as financialintermediaries, have assets which are primarily monetary in nature and which tend to fluctuate with inflation.  A bank canreduce the impact of inflation by managing its rate sensitivity gap, which represents the difference between rate-sensitive assetsand rate-sensitive liabilities.  We, through our asset-liability committee, attempts to structure the assets and liabilitiesand manage the rate-sensitivity gap, thereby seeking to minimize the potential effects of inflation.

**ITEM7A.              QUANTITATIVE AND QUALITATIVE DISCLOSURESABOUT MARKET RISK**

TheCompany is exposed only to U.S. dollar interest rate changes and accordingly, the Company manages exposure by considering thepossible changes in the net interest margin.  The Company does not have any trading instruments nor does it classify anyportion of the investment portfolio as held for trading.  The Company does not engage in any hedging activities or enter intoany derivative instruments other than mortgage backed securities, which are commonly pass through securities.  Finally, theCompany has no exposure to foreign currency exchange rate risk, commodity price risk, and other market risks.

Interest rates play a major part in the net interest income of a financialinstitution.  The sensitivity to rate changes is known as “interest rate risk.”  The repricing of interestearning assets and interest-bearing liabilities can influence the changes in net interest income.  As part of theCompany’s asset/liability management program, the timing of repriced assets and liabilities is referred to as Gapmanagement. 

The Company’s objective in Gap management is to manage assets and liabilities to maintain satisfactory and consistentprofitability.  Officers of each Banks are charged with monitoring policies and procedures designed to ensure an acceptableasset/liability mix.  Management’s philosophy is to support asset growth primarily through growth of core depositswithin the Banks’ market areas.

The Company’s asset/liability mix is monitored regularly with a report reflecting the interest rate sensitive assets andinterest rate sensitive liabilities that is prepared and presented to the Board of Directors of each Banks on at least a quarterlybasis.  Management’s objective is to monitor interest rate sensitive assets and liabilities so as to minimize the impacton earnings of substantial fluctuations in interest rates.  An asset or liability is considered to be interest rate-sensitiveif it will reprice or mature within the time period analyzed, usually one year or less.  The interest rate-sensitivity gap isthe difference between the interest-earning assets and interest-bearing liabilities scheduled to mature or reprice within therelevant period.  A gap is considered positive when the amount of interest rate-sensitive assets exceeds the amount ofinterest rate-sensitive liabilities.  A gap is considered negative when the amount of interest rate-sensitive liabilitiesexceeds the interest rate-sensitive assets.  During a period of rising interest rates, a negative gap would tend to adverselyaffect net interest income, while a positive gap would tend to result in an increase in net interest income.  Conversely,during a period of falling interest rates, a negative gap would tend to result in an increase in net interest income, while apositive gap would tend to adversely affect net interest income.  If the Company’s assets and liabilities were equallyflexible and moved concurrently, the impact of any increase or decrease in interest rates on net interest income would beminimal.

24
   
A simple interest rate “gap” analysis by itself may not be an accurate indicator of how net interest income will beaffected by changes in interest rates.  For example, while interest-bearing transaction accounts are by their termsimmediately repricable, competitive conditions and other circumstances usually preclude repricing such deposits proportionatelywith changes in rates affecting interest-earning assets.  Accordingly, the Company also evaluates how changes in interestrates impacts the repayment of particular assets and liabilities.  Income associated with interest-earning assets and costsassociated with interest-bearing liabilities may not be affected uniformly by changes in interest rates.  In addition, themagnitude and duration of changes in interest rates may significantly affect net interest income.  For example, althoughcertain assets and liabilities may have similar maturities or periods of repricing, they may react in different degrees to changesin market interest rates.  Interest rates on certain types of assets and liabilities fluctuate in advance of changes ingeneral market rates, while interest rates on other types may lag behind changes in general market rates.  In addition,certain assets have features (generally referred to as “interest rate caps and floors”) which limit changes in interestrates.  Also, prepayments and early withdrawal levels could deviate significantly from those reflected in the interest rategap.  The Company prepares a report monthly that measures the potential impact on net interest margin by rising or fallingrates.  This report is reviewed monthly by the Asset/Liability Committee and quarterly by each Board ofDirectors. 

At December 31, 2002, the Company’s cumulative interest rate sensitivity gap ratiofor the next twelve months was 104%, which  was within itstargeted range of 80% to 120%.

The following table sets forth the distribution of the repricing of the Company’s earning assets and interest-bearingliabilities as of December 31, 2002, the interest rate sensitivity gap, the cumulative interest rate-sensitivity gap, the interestrate-sensitivity gap ratio and the cumulative interest rate-sensitivity gap ratio.  The table also sets forth the time periodsin which earning assets and liabilities will mature or may reprice in accordance with their contractual terms.  However, thetable does not necessarily indicate the impact of general interest rate movements on the net interest margin since the repricing ofvarious categories of assets and liabilities is subject to competitive pressures and the needs of the Company’scustomers.  In addition, various assets and liabilities indicated as repricing within the same period may in fact reprice atdifferent times within such period and at different rates.

Consolidated  Gap Report
 

 

Within  Three  Months
 

AfterThreeMonthsButWithinOne Year

 
After  One  Year but  Within  Five  Years
 
After  Five  Years
 
Total
   
 

 (Dollars inThousands)
           
Interest earning assets:
          
      Interest-bearing deposits

 $

499

 $

 0

 $

 0

 $

 0

 $

499

     Federal funds sold
 
9,200
 
 0
 
 0
 
 0
 
9,200

     Investment securities
 
2,291
 
7,730
 
42,888
 
75,679
 
128,588

     Loans
 
174,767
 
135,266
 
175,049
 
6,286
 
491,368
    
 $

186,757

 $

142,996

 $

217,937

 $

81,965

 $

629,655
              
Interest-bearing liabilities:
          
     Interest-bearing demand

 $

146,092

 $

0

 $

 0

 $

 0

 $

146,092

     Savings
 
30,228
 
 0
 
0
 
 0

 

30,228

     Time deposits, $100,000
          
          and over
 
33,375
 
66,468
 
24,148
 
 0
 
123,991

     Time deposits, less than
           
          $100,000
 
50,449
 
118,285
 
50,284
 
376
 
219,394

     Other borrowings
 
 0
 
587
 
6,078
 
10,000
 
16,665
    
 $

260,144

  $

185,340

 $

80,510

 $

10,376

 $

536,370
              
Interest rate sensitivity
          
     Gap

 $

(73,387)

 $

(42,344)

 $

137,427

 $

71,589

 $

93,285
              
Cumulative interest rate
          
     sensitivity gap

 $

(73,387)

 $

(115,731)

 $

21,696

 $

93,285
                
Interest rate sensitivity
          
     Gappercent
 
72
%
77
%
271
%
790
%                
Cumulative interest rate
          
     sensitivity gappercent
 
72
%
74
%
104
%
117
%                      
25
   
Gap management alone is not enough to properly manage interest rate sensitivity because interest rates do not respond at the samespeed or at the same level to market rate changes.  For example, savings and money market rates are more stable than loanstied to a “Prime” rate and thus respond with less volatility to a market rate change.  Thus, the Company uses asimulation model to monitor changes in net interest income due to changes in market rates.  The model of rising, falling andstable interest rate scenarios allows management to monitor and adjust interest rate sensitivity to minimize the impact of marketrate swings.  The analysis of impact on net interest margins as well as market value of equity over a twelve-month period issubjected to a 200 basis point increase and decrease in rate.  The December 2002 model reflects an increase of  .83% innet interest income and a 9.65% decrease in market value equity for a 200 basis point increase in rates.  The same model showsa 2.85% decrease in net interest income and a 9.26% increase in market value equity for a 200 basis point decrease in rates. The Company’s policy is to allow no more than +- 8% change in net interest income and no more than +- 25% change in marketvalue equity for these scenarios.  Therefore, the Company is within its policy guidelines.

**ITEM8.                FINANCIAL STATEMENTS AND SUPPLEMENTARYDATA**

The financial statements and the report of independent accountants are included in this report beginning at page F-1.

**ITEM 9.                CHANGES IN AND DISAGREEMENTS WITHACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.**

During the Company’s two most recent fiscal years, the Company did not change accountants and had no disagreement with itsaccountants on any matters of accounting principles or practices or financial statement disclosure.

**PART III**

**ITEM10.               DIRECTORS AND EXECUTIVE OFFICERS OFTHE REGISTRANT**

The following is a brief description, as of December 31, 2002, of the business experience of each of the directors and executiveofficers of the Company who, except as otherwise indicated, has been or was engaged in his or her present of last principalemployment, in the same or a similar position, for more than five years:

Steven C. Adams (54)

Mr. Adams has been an attorney with the firm of Adams, Ellard & Frankum, P.C. since1973.  He has been a director of the Company, Community, and Financial Supermarkets since 1990. He was named a directorof Financial Properties in 1998.
  
Edwin B. Burr (69)

Mr. Burr has served as a director of the Company since April of 1995 and FinancialSupermarkets since 1992.  Mr. Burr has been President of Financial Solutions, a bank consulting firm since 1988. He hasbeen a director of Community – Alabama since 1997.

26
   
Wesley A. Dodd, Jr. (38)

Mr. Dodd has been Executive Vice-President of the Company Community and FinancialProperties since April 2000.
  
Annette R. Fricks  (58)

Mrs. Fricks has been an Executive Vice President and Corporate Secretary of the Companyand Community since 1982 and 1967, respectively, and has also served as Corporate Secretary of Financial Supermarkets since1984.  She was named the Executive Vice President and Corporate Secretary for Financial Properties in 1998.
  
Charles M. Miller (61)

Mr. Miller has served as an Executive Vice President of Company, the President and ChiefOperating Officer and director of Community and the Executive Vice President and director of Financial Supermarkets since1990.  Mr. Miller has served as a director of Community - Troup since November 1995.    He was named a director ofFinancial Properties in 1998.
  
Harry L. Stephens (56)

Mr. Stephens has been an Executive Vice President and the Chief Financial Officer of theCompany and Community since 1992 and has served as Treasurer of Financial Supermarkets since 1986.  He has been Executive VicePresident and Chief Financial Officer of Community since 1992.   He was named Executive Vice President and Treasurer ofFinancial Properties, Inc. in 1998
  
H. Calvin Stovall, Jr. (87)

Mr. Stovall, who is retired, was the President and treasurer of Stovall Tractor Company, aretail farm equipment dealer, from 1948 until November 1995.  He served as the Chairman of the Company’s Board ofDirectors 1981-1998 and was named Chairman Emeritus in 1998.  Mr. Stovall has also served as a director of Community,Financial Supermarkets and Community – Troup since 1963, 1984 and November 1994, respectively.  He was also named adirector of Financial Properties, Inc. in 1998.
  
Dean C. Swanson (71)

Mr. Swanson was President of the Standard Group, a telecommunications company untilJanuary 1999.  He is a director of Independent Telecommunications Network.  Mr. Swanson has served as a director of theCompany, Community and Financial Supermarkets since 1981, 1972, and 1984, respectively.  He was named a director of FinancialProperties, Inc. in 1998.
  
George D. Telford (82)

Mr. Telford is a retired bank executive and has served as a director of the Company andCommunity since 1981 and 1965, respectively, as well as of Financial Supermarkets since 1993.  He was named a director ofFinancial Properties, Inc. in 1998.      
  
J. Alton Wingate (63)

Mr. Wingate has served as a director and the President and Chief Executive Officer of theCompany, Community and Financial Supermarkets since 1981, 1977 and 1984, respectively.  Mr. Wingate was named Chairman of theBoard in 1998.   He has also been the Chairman of the Board of Directors and a director of Community – Alabama, andCommunity - Troup since  1990 and November 1994, respectively.  He was named President and Chief Executive Officer ofFinancial Properties, Inc. in 1998.  Mr. Wingate has been Chairman and Chief Executive Officer of Community since 1996 and hasbeen Chairman, President, and Chief Executive Officer of Financial Supermarkets since 1984.  Mr. Wingate has served on theBoard of Directors of Ingles Markets since 1988.
  
Dr. A. Don Windham (64)

Dr. Windham is a partner in Windham Radiology P.C. Dr. Windham has served as aDirector of Community since 1996 and was elected to the Company’s Board of Directors in 2001.
  
Lois M. Wood-Schroyer (64)

Ms. Wood-Schroyer is the Chairman, Chief Executive Officer,and President ofWoods Furniture Co.  Ms. Wood-Schroyer has served as a Director of Community since 1990 and was elected to the Company’sBoard of Directors in 1999.

27
   
Directors are elected at each annual meeting of shareholders and hold office until the next annual meeting and until theirsuccessors are elected and qualified.  The executive officers are elected by the Board of Directors and serve at the will ofthe Board.  There are no family relationships among executive officers and directors of the Company.

The company is not subject to Section 16(a) of the Securities Exchange Act of1934.

**ITEM11.               EXECUTIVECOMPENSATION.**

The following table sets forth the annual and long-term compensation paid by the Company to the Chief Executive Officer of theCompany and the four other most highly compensated officers of the Company whose salary and bonus exceeded $100,000 during the lastfiscal year (the “Named Executive Officers”).

Summary Compensation Table  Annual Compensation Long-Term Compensation     
Name and PrincipalPosition

 Year

Salary (1)

Bonus (2)
  
SecuritiesUnderlyingOptions/SARS (#)

All OtherCompensation
 
J. Alton Wingate

2002

$358,815  

$1,541,154
(3)
--

$43,907
(4)
President and Chief

2001

  342,700  

1,427,241

(3)

--

  61,380

 

Executive Officer

2000

349,200  

880,048

(3)

--

  42,923
         
Charles M. Miller

2002

149,800  

35,000
 
--

  32,677
(5)
Executive Vice

2001

146,864  

35,000
 
--

  35,379

 

President

2000

145,800  

35,000
 
--

  29,255
         
Harry L. Stephens

2002

123,077  

50,000
 
--

  28,437
(6)
Executive Vice

2001

110,039  

52,500
 
--

  34,435

 

President and Chief

2000

109,639  

52,500
 
--

  25,059
 
Financial Officer
               
Annette R. Fricks

2002

128,269  

70,000
 
--

  26,096
(7)
Executive Vice

2001

113,462  

72,500
 
--

  32,754

 

President and

2000

107,139  

67,500
 
--

  25,354
 
Corporate Secretary
                       
Wesley A. Dodd, Jr.

2002

104,404  

45,000
 
--

  17,260
(8)
Executive Vice

2001

91,962  

47,500
 
--

  17,825

 

President of

2000

87,116  

42,000
 
--

  20,283
 
Corporate Finance
       
_______________________
(1) Includes directors’fees.
(2)

 Bonuses are included in thisreport in the year paid.

28
   
(3)

 Mr. Wingate’s bonusis contractually based on the performance of Financial Supermarkets, with caps and guaranteed rates of return before the bonus canbe calculated and paid.

(4)

 Included premiums of$7,295 paid for Mr. Wingate’s life insurance policies, estimated employee stock ownership plan (“ESOP”)contributions of $14,500 and 401(K) matching contributions by the Company in the amount of $2,500.  Final ESOP contributionshave not yet been determined for 2002.

(5)

 Includes premiums of$5,279 paid for Mr. Miller’s life insurance policies, estimated ESOP contributions of $14,500 and 401(K) matchingcontributions by the Company in the amount of $2,400.  Final ESOP contributions have not yet been determined for2002.

(6)

 Includes premiums of$1,944 paid for Mr. Stephens’ life insurance policies, estimated ESOP contributions of $14,500 and 401(K) matchingcontributions by the Company in the amount of $2,380.   ESOP contributions have not yet been determined for2002.

(7)

 Includes premiums of$2,222 paid for Mrs. Fricks’ life insurance policies, estimated ESOP contributions of $14,500 and 401(K) matchingcontributions by the Company in the amount of $2,383.  Final ESOP contributions have not yet been determined for2002.

(8)

 Includes premiums of $212paid for Mr. Dodds’ life insurance policies, estimated ESOP contributions of $ 12,000 and 401(K) matching contributions bythe Company in the amount of $ 1,598.  Final ESOP contributions have not yet been determined for 2002.

Aggregated Option Exercises In Last Fiscal Year And FY-End OptionValues

Name

 SharesAcquiredon Exercise (#)

 Value Realized ($)

Number ofSecuritiesUnderlyingUnexercisedOptions at FiscalYear-End(Exercisable/Unexercisable)

 Value ofUnexercisedIn-The-MoneyOptions At FiscalYear-End ($)(Exercisable/Unexercisable)
     
  J. Alton Wingate

--

$      --        

--

$      --      

  Charles M. Miller

--

--

2,500/0

12,950

  Harry L. Stephens

6,000

188,848

2,500/0

12,950

  Annette R. Fricks

9,000

283,272

2,500/0

12,950

  Wesley A. Dodd, Jr.

--

--

2,500/0

12,950
 
29
   
Equity Compensation Plan Information

The following table gives information as of December 31, 2002 about equity awards under the Company’s Incentive Stock Option Plan.
   (a) (b) (c)Plan Category Number of securities to be issued upon exercise of outstanding options, warrants and rights Weighted-average  exercise price of outstanding options, warrants and rights Number of securities remaining  available for future issuance under equity compensation plans (excluding securities reflected in column (a))   
Equity compensation plans approved by stockholders
 
37,000
 
$33.25
 
188,000
           Equity compensation plans not approved by stockholders -- -- --                
           Total
 37,000 $33.25   188,000  
  
    
 

*Directors’ Compensation*.   The Chairman Emeritus of the Company’s Board of Directors, Calvin Stovall,currently receives a fee of $2,500 per month for service as the Chairman of the Board and other directors of the Board of theCompany receive $7,000 a year for service on the Company’s Board of Directors.  The directors of Community, Community - Alabama, Community - Troup and Financial Supermarkets currently receive fees of $10,000,  $3,900, $4,800, and$7,000 per year, respectively.

*Agreements with Officers*.   In 1990, Community  entered into an employment agreement with Mr. Miller pursuantto which the parties agreed that Mr. Miller would serve as the President, Chief Operating Officer and General Manager ofCommunity.  The initial term of the agreement was one year, subject to successive automatic renewals of one year each unless(i) either party gives written notice at least 60 days prior to the annual renewal date of the desire to terminate, or (ii)Community  terminates for cause (as defined in the agreement).

The agreement provides for Mr. Miller to receive an annual salary of $125,000 plus certain benefits and perquisites. The agreementalso entitles Mr. Miller to certain severance payments following a change of control (as defined in the agreement) of Community..  Further, Mr. Miller agrees that he will not compete with or solicit certain customers from Community within Habershamor Jackson County (or any contiguous county) for a period of three years after termination of Mr. Miller’s employment withCommunity.

In 2002, Messrs. Wingate, Stephens and Dodd and Ms. Fricks each entered into a Change in Control Severance Agreement with theCompany.  The agreement is to remain in effect until the earlier of the termination of each executive’s employmentwithout entitlement to the benefits under the agreement or the date that that the executive attains age 70; provided, however, theagreement may be terminated at any time by mutual written agreement of the executive and the Company.

The agreement provides for payment of compensation and benefits to the executive in the event of a Change in Control (as defined inthe agreement), if the executive’s employment is involuntarily terminated by the Company without Cause (as defined in theagreement), or if the executive terminates his employment for Good Reason (as defined in the agreement).  The executive is notentitled to compensation or payments pursuant to the agreement if he is terminated by the Company for Cause, dies, incurs adisability, or voluntarily terminates employment (other than for Good Reason).  If a Change in Control occurs during the termof the agreement and the executive’s employment is terminated within six months prior to or eighteen months following thedate of the Change in Control, and if such termination is an involuntary termination by the Company without Cause (and does notarise as a result of death or Disability) or a termination by the executive for Good Reason, the executive will be entitled tocertain compensation and benefits including his base salary for the entire CIC Severance Period (defined as the lesser of 36 monthsfrom the date of his termination or the number of months from the date of his termination until he attains age 70, bonus payments(as determined under the agreement) and certain other benefits as determined by the agreement. The agreement provides thatthe compensation and benefits provided for under the agreement may be reduced or modified so as to insure that the Company does notpay an Excess Severance Payment (as defined in the agreement).

**Compensation Committee Interlocks and Insider Participation**

The nonemployee members of the Board of Directors of the Company reviewed the compensation of Messrs. Wingate, Stephens, Dodd andMiller and Ms. Fricks and of the Company’s other executive officers for the 2002 fiscal year. Although Mr. Wingateparticipated in deliberations regarding the salaries of executive officers, Mr. Wingate did not participate in any decisionsregarding his own compensation as an executive officer.

30
   
**Report on Executive Compensation**

*General. * Under rules established by the SEC, the Company is required to provide certain information with respect tocompensation provided to the Company’s President and Chief Executive Officer and other executive officers.  The SECregulations require a report setting forth a description of the Company’s executive compensation policy in general and theconsiderations that led to the compensation decisions affecting Messrs. Wingate, Stephens, Dodd and Miller and Ms. Fricks. Infulfillment of this requirement, the Board of Directors and Compensation Committee have prepared the following report for inclusionin this Form 10-K.

The fundamental policy of the Company’s compensation program is to offer competitive compensation and benefits for allemployees, including the President and Chief Executive Officer and the other officers of the Company, to compete for and retaintalented personnel who will lead the Company in achieving levels of financial performance that enhance shareholder value.  TheCompany’s executive compensation package historically has consisted of salary, annual bonus, and other customary fringebenefits.

*Salary. * The nonemployee members of the Board of Directors of the Company participated in deliberations regardingsalaries of executive officers.  Mr. Wingate did not participate in deliberations concerning his own compensation. Although subjective in nature, factors considered by the Board in setting the salaries of executive officers were Mr.Wingate’s recommendations (except with respect to his own salary), compensation paid by comparable banks to their executiveofficers (although such information was obtained informally and the Company did not attempt to pay any certain percentage of salaryfor comparable positions with other banks), each executive officer’s performance, contribution to the Company, tenure in hisor her position, and internal comparability considerations.  The Board of Directors set the salary of Mr. Wingate based on Mr.Wingate’s salary during the preceding fiscal year, his tenure, the salaries of chief executive officers of comparable bankholding companies, and the increase in earnings of the Company in recent years. The Board did not assign relative weights tothe factors considered in setting salaries of executive officers, including Mr. Wingate.

*Annual Bonus. *Annual bonuses for 2002, paid in the form of a cash bonus during the fourth quarter of the fiscal year, was based on annualconsolidated financial results of the Company and of its subsidiaries, including general targets with respect to net income andearnings per share.  Cash bonuses were granted by the Board to Mr. Wingate based on the performance of Financial Supermarketsaccording to contractual obligations.  The Board set a range of bonuses (based on a percentage of salary) for all employeesother than Mr. Wingate, within which range Mr. Wingate determined each other officer’s bonus, based on individualperformance.

Steven C. AdamsH. Calvin StovallDean C. SwansonLois M. Wood-Shroyer

31
   
**ITEM12.              SECURITY OWNERSHIP OF CERTAIN BENEFICIALOWNERS AND MANAGEMENT.**

The following table sets forth the percent and number of shares of the Common Stock beneficially owned as of March 24, 2003 by (1)each of the Named Executive Officers, (2) each of the directors of the Company, (3) each shareholder who owns greater than fivepercent (5%) of the Company’s securities and (4) all executive officers and directors of the Company as a group, withoutnaming such individuals.  There were 2,151,858 shares outstanding as of that date.

Name ofBeneficial Owner

 Amount of SharesBeneficially Owned

PercentOf Class
   
Joye H. Adams

 123,520
 (1)
5.74%

Steven C.Adams

 484,928
(2)(3)(4)(5)(6)
22.54%

Edwin B.Burr    

 1,343 
 (7)
*

Elton S. Collins

 390,588 
 (3)(8)(16)
18.15%

Community Bankshares, Inc.   Employee Stock Ownership Plan   and Trust

373,088
(5)
17.34%

Wesley A. Dodd,Jr.

 50,805
 (10)(22)
  2.36%

Annette R. Fricks 

 24,896
 (6)
 1.16%

Charles M. Miller

 12,360
(11)(20)
*

Harry L. Stephens

 8,819
 (12)
*

H. Calvin Stovall

 166,002
(13)(14)(23)
 7.71%

Dean C. Swanson

30,000
 (24)
   1.39%

George D. Telford

  70,261
(21)
 3.27%

Dr. A. Dan Windham

8,187
 (25)
*

J. Alton Wingate

 695,430
 (2)(3)(4)(15)(17)
32.32%

Lois M. Wood-Schroyer

 3,030
(26)
*

 

 
 
 

All executive officers and     directors as a group (12Persons)

1,115,473
 (2)(3)(4)(5)(18)(22)(23)
51.84%

                                              

* less than one percent

(1)

 Mrs. Adams’ addressis 664 Chenocetah Drive, Cornelia, Georgia 30531.

(2)

 Includes an aggregate of 48,000shares held by the Taft Chatham  Trusts I and II with respect to which Messrs. Wingate and Adams are co-trustees and sharevoting and investment power.

(3)

 Includes 373,088 sharesheld by Community Bankshares, Inc. ESOP with respect to whichMessrs. Wingate, Adams and Collins are co-trustees and share voting and investment power.

(4)

 Includes 19,500 sharesheld by Chatham Transport company with respect to which Messrs. Wingate and Adams share voting power.

(5)

 Includes 44,340 shares held byMr. Adams as trustee for the F. Jack Adams Testamentary Trust, as to which Mr. Adams has voting and investment control.

(6)

 Mr. Adam’s addressis 148 North Main Street, Cornelia Georgia 30531.

(7)

 Does not include 1,000shares of Common Stock owned by Mr. Burr’s wife, as to which he disclaims beneficial ownership.

(8)

 Mr. Collins’ addressis 1851 North Elm Street, Commerce, Georgia 30329. 

(9)

 The address of the ESOP is448 North Main Street, Cornelia, Georgia 30531.

(10)

 Includes presently-exercisable options toacquire 2,500 shares of common stock.

(11)

 Includes presently-exercisableoptions to acquire 2,500 shares of Common Stock.

(12)

 Includes presently-exercisableoptions to acquire 2,500 shares of Common Stock.

(13)

 Mr. Stovall’s address is 215Grandview Circle, Cornelia, Georgia 30531.

(14)

 Does not include 250 shares of CommonStock owned by Mr. Stovall’s wife, as to which he disclaims beneficial ownership.

(15)

 Does not include 4,310 shares ofcommon stock owned by Mr. Wingate’s wife, as to which he disclaims beneficial ownership.

(16)

 Includes presently-exercisableoptions to acquire 2,500 shares of Common Stock.

(17)

 Mr. Wingate’s address is 186Hillcrest Heights, Cornelia, Georgia 30531.

(18)

 Includes presently-exercisableoptions to acquire 10,000 shares of Common Stock.

(19)

 Includes presently-exercisableoptions to acquire 2,500 shares of Common Stock.

(20)

 Does not include 420 shares of commonstock owned by Mr. Miller’s wife, as to which he disclaims beneficial ownership.

(21)

 Mr. Telford’s address is 215Tower Avenue, Cornelia, Georgia  30531.  Does not include 10,000 shares ofcommon stock owned by Mr. Telford’s wife, as to which he disclaims beneficial ownership.

(22)

 Includes 7,460 shares held by theEstate of Harry H. Purvis with respect to which Mr. Dodd serves as executor and has voting and investment control.

(23)

 Includes 130,925 shares held byStovall Investments, LLLP with respect to which Mr. Stovall has voting and investment control.

(24)

 Mr. Swanson’s addressis 222 Mountain Oak Road, Cornelia, Georgia  30531.

(25)

Dr. Windham’s addressis 253 Garland Bristol Road, Sautee, Georgia  30571.
(26)Ms. Wood-Schroyer’s address is 672Buck Horn Road, Clarksville, Georgia  30523.
32
   
**ITEM13.               CERTAIN RELATIONSHIPS AND RELATEDTRANSACTIONS.**

Each of the Banks has had, and expects to have in the future, banking transactions in the ordinary course of business withdirectors and officers of the particular bank and the Company and their associates, including corporations in which such officersor directors are shareholders, directors and/or officers, on the same terms (including interest rates and collateral) as thoseprevailing at the time for comparable transactions with other persons.  Such transactions have not involved more than thenormal risk of collectibility or presented other unfavorable features.

**ITEM14.                CONTROLS ANDPROCEDURES**

The Company’s management, including the Chief Executive Officer and Chief Financial Officer, supervised and participated inan evaluation of its disclosure controls and procedures (as defined in federal securities rules) within 90 days prior to the filingof this report.  Based on, and as of the date of, that evaluation, the Company’s Chief Executive Officer and ChiefFinancial Officer have concluded that the Company’s disclosure controls and procedures were effective in accumulating andcommunicating information to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allowtimely decisions regarding required disclosures of that information under the Securities and Exchange Commission’s rules andforms and that the Company’s disclosure controls and procedures are designed to ensure that the information required to bedisclosed in reports that are filed or submitted by the Company under the Securities Exchange Act is recorded, processed,summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules andforms.

There were no significant changes in the Company’s internal controls or in other factors that could significantly affectthese controls subsequent to the date of their evaluation.
****
33
   
**ITEM15.               EXHIBITS, FINANCIAL STATEMENT SCHEDULES ANDREPORTS ON FORM 8-K**

(a)    Financial Statements.

The following financial statements and notes thereto of the Registrant are included in theReport:

Independent Auditor’s Report on the Financial Statement

Consolidated Balance Sheets - December 31, 2002 and 2001

Consolidated Statements of Income for the years ended December 31, 2002, 2001 and2000

Consolidated Statements of Comprehensive Income for the years ended December 31, 2002,2001 and 2000

Consolidated Statements of Shareholder’s Equity for the years ended  December31, 2002, 2001 and 2000

Consolidated Statements of Cash Flows for the Years Ended December 31, 2002, 2001 and2000

Notes to Consolidated Financial Statements

(b)    Exhibits.

The following exhibits are required to be filed with this Report by Item 601 of RegulationS-K:

3.1

 Amended and Restated Articlesof Incorporation of the Registrant dated as of June 30, 1997 (included as Exhibit 3.1 to the Registrant’s Form 10-K for theyear ended December 31, 2001, filed on April 1, 2002 with the Commission and incorporated herein by reference).

3.2

 By-Laws of the Registrant(included as Exhibit 3.2 to the Registrant’s Form S-4 Registration Statement, Commission File No. 33-81890, filed on July 22,1994 with the Commission and incorporated herein by reference).

4.1

 See exhibits 3.1 and 3.2for provisions of Articles of Incorporation and Bylaws as amended, which define the rights of the holders of Common Stock of theRegistrant.

10.1

 Incentive Stock Option Plan,as adopted August 17, 1987 (included as Exhibit 10.1 to the Registrant’s Form S-4 Registration Statement, Commission File No.33-81890, filed on July 22, 1994 with the Commission and incorporated herein by reference).*

10.2

 Employment Agreement betweenCharles M. Miller and Community, dated March 31, 1990 (included as Exhibit 10.2 to the Registrant’s Form S-4 RegistrationStatement, Commission File No. 33-81890, filed on July 22, 1994 with the Commission and incorporated herein byreference).*  

10.3

Form of Change in Control Agreement,by and between J. Alton Wingate, Harry L. Stephens, Annette R. Fricks and Wesley A. Dodd, Jr. andther Company.*

10.8

Community Bankshares, Inc. 1999 Stock Award Plan, as adopted December 22, 1999 (included as Exhibit 10.8 to theRegistrant’s Form 10-K for the year ended December 31, 1999, filed on March 30, 2000 with the Commission and incorporatedherein by reference).*

10.9

Amended and Restated Revolving Credit Term Loan Agreement between the Registrant and SunTrust Bank dated July 30, 2000 (includedas Exhibit 10.6 to the Registrant’s Form 10-K for the year ended December 31, 2001, filed on April 1, 2002 with theCommission and incorporated herein by reference).

34
   
10.10

Amendment to Amended and Restated Credit Term Loan Agreement between the Registrant and SunTrust Bank dated June 8, 2001(included as Exhibit 10.7 to the Registrant’s Form 10-K for the year ended December 31, 2001, filed on April 1, 2002 with theCommission and incorporated herein by reference).

10.11

Second Amendment to Amended and Restated Revolving Credit Term Loan Agreement between the Registrant and SunTrust Bank dated May1, 2002.

10.12

Business Loan and Security Agreement dated as of June 8, 2001 among the Registrant, CommunityBankshares, Inc. Employee StockOwnership Plan and Trust, Steve Adams, J. Alton Wingate and Elton Collins, not in their individual capacities, but solely asTrustees of the Community Bankshares, Inc. Employee Stock Ownership Plan and Trust (included as Exhibit 10.8 to theRegistrant’s Form 10-K for the year ended December 31, 2001, filed on April 1, 2002 with the Commission and incorporatedherein by reference).

21

 List of Subsidiariesof Registrant.

99.1

 Certification pursuant to 18 U.S.C.Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of2002.

_______________________________*Management contract or compensatory plan or arrangement.

(c)                No reports on Form 8-K werefiled during the last quarter of 2002.

35
   
**COMMUNITY BANKSHARES, INC.AND SUBSIDIARIES**

**CONSOLIDATED FINANCIAL REPORT**

**DECEMBER 31, 2002**

 

 

 

 
   
**COMMUNITY BANKSHARES, INC.AND SUBSIDIARIES**

**CONSOLIDATED FINANCIAL REPORT**

**DECEMBER 31, 2002**

**INDEX TO FINANCIALSTATEMENTS**

**Page**
**INDEPENDENT AUDITOR'S        REPORT**

**F-2**

**FINANCIAL STATEMENTS**

** **

**       Consolidated balance sheets**

**F-3**

**       Consolidated statements of income**

**F-4**

**       Consolidated statements of comprehensive income**

** F-5**

**       Consolidated statements of shareholders' equity**

** F-6        and 7**

**       Consolidated statements of cash flows**

**F-8        and 9**

**       Notes to consolidated financial statements**

**F-        10-33**

 

F-1   
**INDEPENDENT AUDITOR'S REPORT**

 

**To the Board of DirectorsCommunity Bankshares, Inc.   and SubsidiariesCornelia, Georgia**

                              We have audited the accompanyingconsolidated balance sheets of **Community Bankshares, Inc. and subsidiaries** as of December 31, 2002 and 2001, and the relatedconsolidated statements of income, comprehensive income, shareholders' equity and cash flows for each of the three years in theperiod ended December 31, 2002.  These financial statements are the responsibility of the Company's management. Ourresponsibility is to express an opinion on these financial statements based on our audits.

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

                              In our opinion, the consolidatedfinancial statements referred to above present fairly, in all material respects, the financial position of CommunityBankshares,Inc. and subsidiaries as of December 31, 2002 and 2001, and the results of their operations and their cash flows for each ofthe three years in the period ended December 31, 2002, in conformity with  accounting principles generally accepted in theUnited States of America.

 

*Mauldin &Jenkins, LLC*

 

Atlanta, GeorgiaJanuary 24, 2003

 

 

F-2   **COMMUNITY  BANKSHARES, INC.****AND SUBSIDIARIES**** ****CONSOLIDATED   BALANCE SHEETS****DECEMBER 31, 2002 AND 2001** ** **    
**Assets**
**2002**  2001   
  **  **    Cash and due from banks
**$**
**44,966,040 **  
$

37,181,485 
Interest-bearing deposits in banks**  ****499,072 **  
409,518 
Federal funds sold** ****9,200,000 **  16,360,000 Securities available-for-sale** ****100,355,807 **  77,901,447 Securities held-to-maturity (fair value $28,681,226 and $30,384,025)** ****27,015,673 **  29,602,403 Restricted equity securities** ****1,215,300 **  1,215,300  ** ****  **   Loans ** ****491,367,564 **  455,790,523 Less allowance for loan losses ** ****7,742,356 **  6,652,093   
 
          Loans, net
** ****483,625,208 **  449,138,430  ** **** **   Premises and equipment** ****16,295,336 **  15,879,048 Other assets** ****17,073,591 **  18,521,088   
  ** **** **   
**Total assets**

**$**
**700,246,027 ** 
$

646,208,719 
 
** **
 
 

**Liabilities, Redeemable Common Stock and Shareholders' Equity**
** **** **    ** **** **   Deposits** **** **   
    Noninterest-bearing 
**$****87,649,520 ** $
81,173,804 

    Interest-bearing 
** ****519,704,807 **  
481,041,094 
  
 
**Total deposits**
** ****607,354,327 **  
562,214,898 
Other borrowings** ****16,664,525 **  
12,069,875 
Other liabilities** ****9,180,811 **  
13,321,061 
  
 
**Total liabilities**
** ****633,199,663 **  
587,605,834 
  
  ** **** **   Commitments and contingencies** **** **    ** **    Redeemable common stock held by ESOP, net of unearned ESOP shares** **    
     related to ESOP debt guarantee of $1,363,831 and $1,550,000 
** **    
     at December 31, 2002 and 2001
 **15,193,814 **  
15,159,684 
  
  ** **    Shareholders' equity ** **    
    Common stock, par value $1; 5,000,000 shares authorized; 
** **    
        2,201,330 and 2,186,330 shares issued and outstanding, respectively
** ****2,201,330 **  2,186,330 
    Capital surplus
** ****6,314,847 **  6,182,167 
    Retained earnings
** ****42,802,454 **  35,070,537 
    Accumulated other comprehensive income 
** ****1,962,475 **  4,167 
    Less cost of 34,573 shares of treasury stock at December 31, 2002 
** ****(1,428,556)**  -    
 
**Total shareholders' equity**
** ****51,852,550 **  
43,443,201 
  
 ** **** **** **   
**Total liabilities, redeemable common stock and**
** **** **   
**      shareholders' equity**
**$****700,246,027 ** $
646,208,719 
 
**  **
 
 
** **    
**See Notes to Consolidated Financial Statements.**

F-3   
**COMMUNITY  BANKSHARES, INC.  AND SUBSIDIARIES**

** CONSOLIDATED STATEMENTS OF INCOMEYEARS ENDED DECEMBER 31, 2002, 2001 AND 2000**

   
**2002** 2001 2000
**  **  **Interest income**** **       
    Loans, including fees
**$****37,423,486**** **$42,521,921 ** **$41,189,439  
    Taxable securities
** ****2,766,316**  2,702,882   2,830,713  
    Nontaxable securities
** ****2,985,608**  2,493,558   2,161,814  
    Deposits in banks
** ****11,133**  35,517   14,891  
    Federal funds sold
** ****301,631**  748,421   841,684  ** **  
**Total interest income**
** ****43,488,174**  48,502,299   47,038,541  ** **  ** **** **** **      **Interest expense**** **** **      
    Deposits
** ****15,778,448**  22,543,182   21,440,685  
    Other borrowings
** ****722,126**  696,345   862,202  ** **  
**Total interest expense**
** ****16,500,574**  23,239,527   22,302,887  ** **   **  **** **      
**Net interest income**
**  ****26,987,600**  25,262,772   24,735,654  **Provision for loan losses****  ****3,320,000**  2,364,000   1,620,500  ** **  
**Net interest income after provision for**
**  **** **      
**     loan losses**
**  ****23,667,600**  22,898,772   23,115,154  ** **   **  **** **      **Other income**         
    Service charges on deposits accounts
**  ****5,235,085**  4,522,010   3,524,690  
    Other service charges, commissions and fees
**  ****1,664,095**** ** 1,239,727   933,462  
    Trust department fees
**  ****181,384**  130,316   100,709  
    Nonbank subsidiary income
**  ****10,585,953**  10,826,046   8,915,138  
    Gain on sale of loans
**  ****240,248**  166,935   357,793  
    Security transactions, net
**  ****138,799**** ** 48,167   (2,350)
    Other
**  ****918,431**  844,077   763,654  ** **  
**Total other income**
**  ****18,963,995**** ** 17,777,278   14,593,096  ** **   **  **** **      **Other expenses****  **** **      
    Salaries and employee benefits
**  ****17,482,745**  16,517,342   14,394,565  
    Equipment expenses
**   ****2,870,604**  2,779,346   2,564,049  
    Occupancy expenses
**   ****1,849,301**  1,797,152   1,594,567  
    Other operating expenses
**  ****8,979,537**  9,331,204   8,531,866  ** **  
**Total other expenses**
**  ****31,182,187**  30,425,044   27,085,047  ** **   **  **** **      
**Income before income taxes**
**  ****11,449,408**  10,251,006   10,623,203   **  **** **      **Income tax expense**** ****3,325,967**  3,076,015   3,001,198  ** **   ** **** **      
**Net income**
**$****8,123,441** $7,174,991  $7,622,005   **  **      **Basic earnings per share****$****3.73** $               3.29  $               3.50   **  **      **Diluted earnings per share****$****3.72** $               3.26  $               3.46   **  **       ** **       
**See Notes to Consolidated Financial Statements.**

F-4   **COMMUNITY  BANKSHARES, INC.****AND SUBSIDIARIES**** **   **CONSOLIDATED STATEMENTS OF    COMPREHENSIVE INCOME****YEARS ENDED DECEMBER 31, 2002, 2001 AND 2000**   **2002** 2001 2000  ** **       **Net income**
**$**
**8,123,441 **  
$
7,174,991    
$
7,622,005  
  ** **       **Other comprehensive income:**** **** **** **  ** **  ** **** **** **** **  ** **  
    Unrealized gains (losses) on securities available-for-sale:
                  ** **** **** **  ** **  
        Unrealized holding gains arising during period,
** **** **** **  ** **  
            net of taxes of $1,361,058, $55,834 
** ** ** **  ** **  
            and $850,290, respectively
** ****2,041,587 **** ** 83,751  ** ** 1,275,364  
 
** **** **** **  ** **  
         Reclassification adjustment for (gains) losses realized
** **** **** **  ** **  
            in net income, net of  (taxes) benefits of $(55,520), 
** **** **** **  ** **  
            $(19,267) and $940, respectively
** ****(83,279)**** ** (28,900)** ** 1,410  
  ** **       **Other comprehensive income**** ****1,958,308 **** ** 54,851  ** ** 1,276,774  
  ** **** **** **  ** **  **Comprehensive income**
**$**
**10,081,749 **** **
$
7,229,842   
$
8,898,779  
 
**  **
** **
 
** **
 

** **** **        
**See Notes to Consolidated Financial Statements.**

F-5   
**COMMUNITYBANKSHARES, INC.AND SUBSIDIARIES**

** CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITYYEARS ENDED DECEMBER 31, 2002, 2001 AND 2000**
    **Common Stock**** ** 
**Capital**
  **Shares**** **
**Par Value**
** **
**Surplus**
         **Balance, December 31, 1999**2,178,830  $2,178,830  $6,115,827 
    Net income
-    -    -  
    Exercise of stock options
3,000   3,000   26,536 
    Cash dividends declared, $.18 per share
-    -    -  
    Adjustment for shares owned by ESOP
-    -    -  
    Other comprehensive income 
-    -    -  **Balance, December 31, 2000**2,181,830   2,181,830   6,142,363 
    Net income
-    -    -  
    Exercise of stock options
4,500   4,500   39,804 
    Cash dividends declared, $.21 per share
-    -    -  
    Adjustment for shares owned by ESOP
-    -    -  
    Other comprehensive income 
-    -    -  
 **Balance, December 31, 2001**2,186,330   2,186,330   6,182,167 
    Net income
-    -    -  
    Exercise of stock options
15,000   15,000   132,680 
    Cash dividends declared, $.25 per share
-    -    -  
    Adjustment for shares owned by ESOP
-    -    -  
    Other comprehensive income 
-    -    -  
    Purchase of treasury stock
-    -    -  
 **Balance, December 31, 2002**2,201,330  $2,201,330  $6,314,847 
              
        **See Notes to Consolidated Financial Statements.**       
F-6   
**COMMUNITYBANKSHARES, INC.AND SUBSIDIARIES**

** CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITYYEARS ENDED DECEMBER 31, 2002, 2001 AND 2000**

**CONTINUED**
     **Accumulated**      **Other** **Treasury Stock****Total** **Retained****Comprehensive****Shareholders'**  **Earnings** **Income (Loss)** **Shares**** ****Amount** **Equity**                
**Balance,  December 31, 1999**
$
23,853,170   
$
(1,327,458) -    $-    
$
30,820,369  
Net  Income 7,622,005    -    -     -     7,622,005  
Exercise  of stock options -     -    -     -     29,536  
Cash  dividends declared, $.18 per share (393,283)  -    -     -     (393,283)
Adjustment  for shares owned by ESOP (1,106,106)  -    -     -     (1,106,106)
Other  comprehensive income -     1,276,774   -     -     1,276,774  **Balance,  December 31, 2000** 29,975,786    (50,684) -     -     38,249,295  
Net  income 7,174,991    -    -     -     7,174,991  
Exercise of  stock options -     -    -     -     44,304  
Cash  dividends declared, $.21 per share (458,904)  -    -     -     (458,904)
Adjustment  for shares owned by ESOP (1,621,336)  -    -     -     (1,621,336)
Other  comprehensive income -     54,851   -     -     54,851  **Balance,  December 31, 2001** 35,070,537    4,167   -     -     43,443,201  
Net income 8,123,441    -    -     -     8,123,441  
Exercise of  stock options -     -    -     -     147,680  
Cash  dividends declared, $.25 per share (543,563)  -    -     -     (543,563)
Adjustment  for shares owned by ESOP 152,039    -    -     -     152,039  
Other  comprehensive income -     1,958,308   -     -     1,958,308  
Purchase of  treasury stock -     -    34,573    
(1,428,556)
  (1,428,556)**Balance,  December 31, 2002**
$
42,802,454   
$
1,962,475   34,573   
$
(1,428,556) 
$
51,852,550        
F-7   
**COMMUNITY  BANKSHARES, INC.**
**AND SUBSIDIARIES**** ****CONSOLIDATED STATEMENTS OF   CASH FLOWS****YEARS ENDED DECEMBER 31, 2002, 2001 AND 2000**
**      ****2002**  2001  2000
**      **  **OPERATING ACTIVITIES**** **** **** **     
    Net income

**$**
**8,123,441 ** 
$
7,174,991   
$
7,622,005  
    Adjustments to reconcile net income to net cash
** **** **      
        provided by operating activities:
** **** **      
        Depreciation
** ****2,395,178 **  2,316,552    2,234,366  
        Amortization of intangibles
** ****613,346 **  494,064    435,537  
        Provision for loan losses
** ****3,320,000 **  2,364,000    1,620,500  
        Provision for other real estate losses
** ****- **  -     5,000  
        Deferred income tax benefits
** ****(272,046)**  (281,737)  (367,660)
        (Increase) decrease in loans held for sale
** ****- **  1,011,458    263,469  
        Net (gains) losses on sale of securities available-for-sale
** ****(138,799)**  (48,167)  2,350  
        Gain (loss) on disposal of premises and equipment
** ****(10,682)**  (14,929)  12,726  
        Net (gains) losses on sale of other real estate
** ****9,284 **  (19,498)  (7,462)
        (Increase) decrease in interest receivable
** ****598,875 **  776,553    (1,641,043)
        Increase (decrease) in interest payable
** ****(1,339,491)**  (877,840)  2,748,865  
        Increase (decrease) in taxes payable
** ****(305,202)**  (572,346)  370,444  
        (Increase) decrease in accounts receivable of 
** **** **      
             nonbank subsidiary
** ****917,641 **  860,706    (1,188,664)
        (Increase) decrease in work in process of nonbank  subsidiary
** ****392,492 **  591,874    (837,418)
        Increase (decrease) in accruals and payables of 
** **** **      
             nonbank subsidiary
** ****(2,344,162)**  (4,390,568)  3,978,464  
        Increase in loan to ESOP
** ****- **  (1,450,000)  -   
        Net other operating activities
** ****(1,674,890)**  (188,130)  (1,062,209)
    
  ** **** **      
              Net cash provided by operating activities
 **10,284,985 **  7,746,983    14,189,270         ** **      **INVESTING ACTIVITIES** ** **      
    Purchases of securities available-for-sale
 **(35,368,818)**  (48,613,986)  (15,379,443)
    Proceeds from sales of securities available-for-sale
 **5,118,419 **  6,749,258    1,247,650  
    Proceeds from maturities of securities available-for-sale
 **11,198,685 **  23,956,448    4,331,976  
    Purchases of securities held-to-maturity
 **- **  -     (3,486,045)
    Proceeds from maturities of securities held-to-maturity
 **2,586,730 **  1,590,983    4,231,836  
    Net (increase) decrease in federal funds sold
 **7,160,000 **  (4,235,000)  (9,185,000)
    Net (increase) decrease  in interest-bearing deposits in banks
 **(89,554)**  43,946    (292,713)
    Net increase in loans
 **(41,998,377)**  (40,891,325)  (44,826,318)
    Purchase of premises and equipment
 **(2,860,081)**  (3,428,735)  (3,686,780)
    Proceeds from sale of premises and equipment
 **32,159 **  19,500    38,000  
    Proceeds from sale of other real estate
 **3,810,767 **  279,577    1,514,352  
 
  
  ** **      
              Net cash used in investing activities
 **(50,410,070)**  (64,529,334)  (65,492,485)
            
F-8   **COMMUNITY        BANKSHARES, INC.****AND        SUBSIDIARIES**** ****CONSOLIDATED        STATEMENTS OF CASH FLOWS****YEARS        ENDED DECEMBER 31, 2002, 2001 AND 2000**
 **2002** 2001 2000
 **FINANCING        ACTIVITIES**        
Net        increase in deposits
**$****45,139,429 **** **$54,720,051 ** **$63,438,843 
Increase        (decrease) in FHLB advances
 **5,000,000 **  -  ** **(5,000,000)
Increase        in other borrowings
 **- **  1,450,000  ** **- 
Increase        in notes payable
 **- **  -  ** **- 
Repayment        of notes payable
 **(405,350)**  (224,100)  (210,125)
Proceeds        from the issuance of common stock
 **44 **  44,304  ** **29,536 
Purchase        of Treasury Stock
 **(1,280,920)**  -  ** **- 
Dividends        paid
** ****(543,563)**** ** (436,666)** **** **(379,121)
Net        cash provided by financing activities
 **47,909,640 **  55,553,589   57,879,133 Net        increase (decrease) in cash and due from banks **7,784,555 **  (1,228,762)  6,575,918          Cash        and due from banks at beginning of year **37,181,485 **  38,410,247   31,834,329 Cash        and due from banks at end of year**$****44,966,040 ** $37,181,485  $38,410,247          **SUPPLEMENTAL        DISCLOSURES**        
Cash        paid for:
        
Interest
**$****17,840,066 ** $24,117,367  $19,554,022 
 
** **** **** **  ** **  
Income        taxes
**$****3,903,215 ** $3,774,162  $2,998,414  ** **** **      **NONCASH        TRANSACTIONS**** **** **      
Principal        balances of loans transferred to other
** **** **      
real        estate
**$****4,191,599 ** $2,441,119  $1,514,352  ** **** **               **See        Notes to Consolidated Financial Statements.**                 
F-9   
**COMMUNITYBANKSHARES, INC.AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 1.     SUMMARY OFSIGNIFICANT ACCOUNTING POLICIES**

**Nature of Business**

Community Bankshares, Inc. (the “Company”) is a multi-bank holding companywhose business is conducted by its wholly-owned subsidiaries: Community Bank & Trust located in Cornelia, Georgia; CommunityBank & Trust - Alabama located in Union Springs, Alabama; and Community Bank & Trust - Troup located in LaGrange,Georgia.  Financial Supermarkets, Inc. is a wholly-owned subsidiary of Community Bank & Trust which provides a variety ofbank related products and services to the financial institution industry.   Financial Properties, Inc. is a wholly-ownedsubsidiary of Community Bank & Trust which is a real estate sales agency which provides a variety of real estate relatedservices.

The banking subsidiaries are commercial banks operating independently of one another intheir respective market areas.  The banking subsidiaries in Georgia have identified their primary market areas to be thecounties in which they are located and all surrounding counties.  The Georgia banking subsidiaries are all locatedapproximately 85 miles from the metropolitan Atlanta area.  Community Bank & Trust - Alabama is located approximately 50miles from Montgomery, Alabama, and has identified its primary market area as Bullock County and the south Montgomery metropolitanarea.  The Banks provide a full range of banking services to individual and corporate customers.  Financial Supermarkets,Inc. provides products and services primarily to financial institutions in the southeastern United States; however, their productsand services are marketed internationally.  Financial Properties, Inc. operates primarily in Cornelia, Habersham County,Georgia.

**Basis of Presentation and Accounting Estimates**

The consolidated financial statements include the accounts of the Company and itssubsidiaries.  Significant intercompany transactions and balances are eliminated in consolidation.

The preparation of financial statements in conformity with accounting principles generallyaccepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts ofassets and liabilities and the disclosure of contingent assets and liabilities as of the balance sheet date and the reportedamounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of theallowance for loan losses, the valuation of foreclosed real estate and deferred taxes.

**Cash, Due From Banks and Cash Flows**

For purposes of reporting cash flows, cash and due from banks include cash on hand, cashitems in process of collection and amounts due from banks.  Cash flows from interest-bearing deposits in banks, loans, federalfunds sold, other borrowings and deposits are reported net.

The Banks are required to maintain reserve balances in cash or on deposit with the FederalReserve Bank, based on a percentage of deposits.  The total of those reserve balances was approximately $13,026,000 atDecember 31, 2002.

**Securities**

Debt securities that management has the intent and ability to hold to maturity areclassified as held-to-maturity and recorded at amortized cost.  Securities not classified as held-to-maturity, includingequity securities with readily determinable fair values, are classified as available-for-sale and recorded at fair value withunrealized gains and losses excluded from earnings and reported in other comprehensive income, net of the related deferred taxeffect.  Equity securities, including restricted stock, without a readily determinable fair value are recorded atcost.

F-10
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 1.     SUMMARY OFSIGNIFICANT ACCOUNTING POLICIES (Continued)**

**Securities (Continued)**

Purchase premiums and discounts are recognized in interest income using the interestmethod over the terms of the securities.  Gains and losses on the sale of securities are determined using the specificidentification method.  Declines in the fair value of securities below their cost that are deemed to be other than temporaryare reflected in earnings as realized losses.

**Loans**

Loans are reported at their outstanding principal balances less unearned income, netdeferred fees and the allowance for loan losses.  Interest income is accrued on the unpaid principal balance.

Loan origination fees approximate the direct origination costs of consumer and installmentloans and are recognized at the time the loan is placed on the books. Loan origination fees net of certain direct loan originationcosts for all other loans are deferred and recognized as an adjustment of the yield over the life of the loan using a method thatapproximates a level yield.

The accrual of interest on loans is discontinued when, in management's opinion, theborrower may be unable to meet payments as they become due, unless the loan is well-secured.  All interest accrued but notcollected for loans that are placed on nonaccrual or charged off is reversed against interest income.  Interest income onnonaccrual loans is subsequently recognized only to the extent cash payments are received, until the loans are returned to accrualstatus.

The allowance for loan losses is established through a provision for loan losses chargedto expense.  Loan losses are charged against the allowance when management believes the collectibility of the principal isunlikely.  Subsequent recoveries are credited to the allowance. 

The allowance is an amount that management believes will be adequate to absorb estimatedlosses in the loan portfolio.  The allowance for loan losses is evaluated on a regular basis by management and is based uponmanagement’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume ofthe loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlyingcollateral and prevailing economic conditions.  This evaluation is inherently subjective as it requires estimates that aresusceptible to significant revision as more information becomes available.  While management uses the best informationavailable to make its evaluation, future adjustments to the allowance may be necessary if there are significant changes in economicconditions.  In addition, regulatory agencies, as an integral part of their examination process, periodically review theCompany's allowance for loan losses, and may require the Banks to make additions to the allowance based on their judgment aboutinformation available to them at the time of their examinations.

A loan is considered impaired when it is probable the Company will be unable to collectall principal and interest payments due in accordance with the contractual terms of the loan agreement.  Impaired loans aremeasured by either the present value of expected future cash flows discounted at the loan’s effective interest rate, theloan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.  The amount ofimpairment, if any, and any subsequent changes are included in the allowance for loan losses. 

F-11
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 1.     SUMMARY OFSIGNIFICANT ACCOUNTING POLICIES (Continued)**

**Premises andEquipment**

Land is carried at cost.  Premises and equipment are carried at cost less accumulateddepreciation computed principally by the straight-line method over the estimated useful lives of the assets.

**Other Real EstateOwned**

Other real estate owned represents properties acquired through foreclosure.  Otherreal estate owned is held for sale and is carried at the lower of cost or fair value less estimated costs to sell.  Anywrite-down to fair value at the time of transfer to other real estate owned is charged to the allowance for loan losses. Revenue and expenses from operations and changes in the valuation allowance are included in net expenses from foreclosedassets.  The carrying amount of other real estate owned at December 31, 2002 and 2001 was $3,486,429 and $3,114,882,respectively.

**Income Taxes**

Deferred income tax assets and liabilities are determined using the balance sheetmethod.  Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporarydifferences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition tochanges in tax rates and laws.

**Trust Department**

Trust department income is recognized on the cash basis in accordance with establishedindustry practices.  The results of operations are not materially different than the results which would be obtained byaccounting for such fees on the accrual basis.

Assets of the trust department, other than trust cash on deposit at the Banks, are notincluded in these financial statements because the are not assets of the Company.

**Nonbank Subsidiary Revenue Recognition**

Financial Supermarkets, Inc. recognizes revenue and costs on its installation contracts onthe completed-contract method of accounting.  Under this method, billings and costs are accumulated during the period ofinstallation, but no profits are recorded before the completion of the work.  Provisions for estimated losses on uncompletedcontracts are made at the time such losses are identified.  The majority of all installation contracts are completed withinten days.  Operating expenses, including indirect costs and administrative expenses, are charged as incurred to periodicincome and not allocated to contract costs.  Income from other consulting services is recognized as services are provided andcosts and expenses are incurred for each individual contract.

F-12
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 1.     SUMMARY OFSIGNIFICANT ACCOUNTING POLICIES (Continued)**

**401(k) Plan**

The 401(k) plan costs are based on a percentage of individual employee’s salary, notto exceed the amount that can be deducted for federal income tax purposes.  The Company makes matching contributions of 25% ofthe first 6% of each participant’s salary contribution.

**Stock Compensation Plan**

At December 31, 2002, the Company has a stock-based employee compensation plan, which isdescribed more fully in Note 8.  The Company accounts for the plan under the recognition and measurement principles of APBOpinion No. 25, *Accounting for Stock Issued to Employees*, and related Interpretations.  No stock-based employeecompensation cost is reflected in net income, as all options granted under the plan had an exercise price equal to the market valueof the underlying stock on the date of grant.  The following table illustrates the effect on net income and earnings per shareif the Company had applied the fair value recognition provisions of Statement of Financial Accounting Standards (SFAS) No. 123,*Accounting for Stock-Based Compensation*, to stock-based employee compensation.
 
**Years Ended December 31,**
 
2002

 

2001

 

2000
           
Net income, as reported

**$**

**8,123,441**
 
$

7,174,991
 
$

7,622,005

Deduct: Total stock-based employee compensation
          
expense determined under fair value based
          
method for all awards, net of related tax effects
 
**-  **
  
-  
  
25,266
 
Pro forma net income

**$**

**8,123,441**
 
$

7,174,991
 
$

7,596,739
** **
  
 

Earnings per share:
         
Basic - as reported

**$**

**3.73**
 
$

3.29
 
$

3.50
** **
 

Basic - pro forma

**$**

**3.73**
 
$

3.29
 
$

3.49
** **
  

Diluted - as reported

**$**

**3.72**
 
$

3.26
 
$

3.46
** **
  
 

Diluted - pro forma

**$**

**3.72**
 
$

3.26
 
$

3.45
** **
 

**Earnings Per Share**

Basic earnings per share are computed by dividing net income by the weighted-averagenumber of shares of common stock outstanding.  Diluted earnings per share are computed by dividing net income by the sum ofthe weighted-average number of shares of common stock outstanding and potential common shares.  Potential common sharesconsist of stock options. 

**Comprehensive Income**

Accounting principles generally require that recognized revenue, expenses, gains andlosses be included in net income.  Although certain changes in assets and liabilities, such as unrealized gains and losses onavailable-for-sale securities, are reported as a separate component of the equity section of the balance sheet, such items, alongwith net income, are components of comprehensive income.

F-13
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 1.     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)**

**Recent Developments**

In June 2001, the Financial Accounting Standards Board (FASB) issued SFAS No. 141,“Business Combinations,” and SFAS No. 142. “Goodwill and Other Intangible Assets.”  SFAS No. 141requires that all business combinations consummated after June 30, 200l be accounted for by the purchase method unless thecombination was initiated on or prior to that date and it meets the conditions to be accounted by the pooling-of-interests methodin accordance with APB Opinion No. 16, “Business Combinations.”  Under SFAS No. 142, goodwill and intangibleassets that management concludes have indefinite useful lives will no longer be amortized, but will be subject to impairment testsperformed at least annually.  SFAS No. 142 also requires the Company to perform a transitional impairment test of allpreviously recognized goodwill and to assign all recognized assets and liabilities to reporting units.  Other identifiableintangible assets will continue to be amortized over their useful lives. 

During 2002, the Company performed the first of the required annual impairment tests ofgoodwill and indefinite lived intangible assets.  As a result of this test, no amount was charged to earnings for impairmentin 2002.  Application of the nonamortization provisions of SFAS No. 142 resulted in an increase of $53,846 ($.02 per sharebasic share and $.02 per diluted share) in net income for 2002.

In October 2002, the FASB issued SFAS No. 147, “Acquisitions of Certain FinancialInstitutions.”  SFAS No. 147 removed acquisitions of financial institutions from the scope of  SFAS No. 72,“Accounting of Certain Acquisitions of Banking or Thrift Institutions,” which permitted the recognition and subsequentamortization of any excess of the fair value of liabilities assumed over the fair value of tangible and identifiable intangibleassets acquired as an unidentifiable intangible asset.  For a transaction that is a business combination, SFAS No. 147requires that the unidentifiable intangible asset acquired be recognized as goodwill and accounted for under SFAS No. 142. SFAS No. 147 also amended SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” to include inits scope long-term borrower-relationship intangible assets of financial institutions such as depositor-and-borrower-relationshipintangible assets and credit cardholder intangible assets.  Consequently, those intangible assets are subject to the sameundiscounted cash flow recoverability test and impairment loss recognition and measurement provisions that SFAS No. 144 requires ofother long-lived assets that are held and used.  The application of SFAS No. 147 as of  October 1, 2002 had no effect onthe Company’s consolidated financial statements.

In December 2002, the FASB issued SFAS No. 148, *Accounting for Stock-BasedCompensation-Transition and Disclosure*.  SFAS No. 148 amends SFAS No. 123, *Accounting for Stock-Based Compensation*,to provide alternative methods of transition for an entity that voluntarily changes to the fair value based method of accountingfor stock-based employee compensation.  It also amends the disclosure provisions of SFAS No. 123 to require prominentdisclosure about the effects on reported net income of an entity’s accounting policy decisions with respect to stock-basedemployee compensation.  The Company has not elected to adopt the recognition provisions of this Statement for stock-basedemployee compensation and has elected to continue with accounting methodology in Opinion No. 25 as permitted by SFAS No.123.

F-14
   
** NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

 

**NOTE 2.     SECURITIES**

The amortized cost and fair value of securities are summarized as follows:
  
**AmortizedCost**

**GrossUnrealizedGains**

**GrossUnrealizedLosses**

**FairValue**
 ** ** 
**Securities Available-for-Sale**
            
December 31, 2002:
            
U. S. Government and agency
            
     securities

**$**

**32,542,068**
  
**$**

**1,553,237**
 
**$**

**(641)**
 
**$**

**34,094,664**
 
State and municipal securities

**38,494,179**
   
**1,198,951**
  
**(28,409)**
  
**39,664,721**
 
Mortgage-backed securities

**20,994,144**
   
**549,750**
  
**(2,097)**
  
**21,541,797**
 
Equity securities

**5,054,625**
   
**-**
  
**-**
   
**5,054,625**
  ** **     
**$**

**97,085,016 **

**$**

**3,301,938**
 
**$**

**(31,147)**

**$**

**100,355,807**
 ** **       
 
December 31, 2001:

 
 
 
 
 
 
 
 
 
 
  
U. S. Government and agency
            
     securities

$

31,637,688
 
$

646,055
 
$

(57,120)
 
$

32,226,623
 
State and municipal securities
 
29,801,667
  
192,492
  
(806,691)
  
29,187,468
 
Mortgage-backed securities
 
14,578,577
  
95,609
  
(63,400)
  
14,610,786
 
Equity securities
 
1,876,570
  
-  
  
-  
  
1,876,570
 ** ** 
$

77,894,502
 
$

934,156
 
$

(927,211)
 
$

77,901,447
 ** **       

**Securities Held-to-Maturity**

 
 
 
 
 
 
 
 
 
 
  
December 31, 2002:
            
State and municipal securities

**$**

**27,015,673**

**$**

**1,666,101**

**$**

**(548)**
 
**$**

**28,681,226**
 ** **                       
December 31, 2001:
            
State and municipal securities

$

29,602,403

$

815,466

$

(33,844)
 
$

30,384,025
 ** **       
The amortized cost and fair value of debt securities as of December 31, 2002 bycontractual maturity are shown below.  Maturities may differ from contractual maturities in mortgage-backed securities becausethe mortgages underlying the securities may be called or repaid without penalty.  Therefore, these securities are not includedin the categories in the following summary.
  
**Securities  Available-for-Sale**

**Securities Held-to-Maturity**
 ** **  
**AmortizedCost**
 
**FairValue**
 
**AmortizedCost**
 
**FairValue**
 ** **** **** **** **              
Due within one year

$

2,921,880
 
$

2,969,043
 
$

780,295 
 
$

782,319
 
Due from one to five years
 
32,438,747
  
34,107,740
  
4,311,821 
  
4,523,157
 
Due from five to ten years
 
10,264,791
  
10,599,028
  
11,634,423 
  
12,396,410
 
Due after ten years
 
25,410,829
  
26,083,574
  
10,289,134 
  
10,979,340
 
Mortgage-backed securities
 
20,994,144
  
21,541,797
  
-   
  
-  
 ** **** **** **** **  
$

92,030,391
 
$

95,301,182
 
$

27,015,673
 
$

28,681,226
 ** **       
Securities with a carrying value of approximately $72,301,110 and $61,485,341 at December31, 2002 and 2001, respectively, were pledged to secure public deposits and for other purposes required or permitted bylaw.

F-15
    
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

 

**NOTE 2.     SECURITIES(Continued)**

Gross gains and losses on sales of securities available-for-sale consist of thefollowing:
** **** **
**Years Ended December 31,**** **** ** ** **
**2002** 
2001 
2000** **** ** 
Gross gains

**$**

**138,799**
  
$

91,236 
 
$

4,916 
 
Gross losses
 
**-  **
  
(43,069)
  
(7,266)
** **** ** 
Net realized gains (losses)

**$**

**138,799**
  
$

48,167 
 
$

(2,350)
 ** **   
**NOTE 3.      LOANS**

The composition of loans is summarized as follows:
** **** **
**December 31,**** **** ** ** **
**2002** 
2001** **** **  
Commercial, financial and agricultural

**$**

**52,852,421 **
 
$

53,299,380 
 
Real estate – construction
 
**40,341,826 **
  
32,396,963 
 
Real estate – mortgage
 
**338,772,013 **
  
313,851,202 
 
Consumer
 
**53,004,046 **
  
54,012,818 
 
Other
 
**6,632,026 **
  
2,449,918 
 ** **    
**491,602,332 **
  
456,010,281 
 
Unearned income
 
**(234,768)**
  
(219,758)
 
Allowance for loan losses
 
**(7,742,356)**
  
(6,652,093)
 ** **  
Loans, net

**$**

**483,625,208 **
 
$ 

449,138,430 
 ** **  
Changes in the allowance for loan losses are asfollows:
** **** ****Years Ended December 31,**** **** ** ** ****2002**  2001 2000 
Balance, beginning of year

**$**

**6,652,093 **
 
$

6,306,620 
 
$

5,682,612 
 
 Provision charged to operations
 
**3,320,000 **
  
2,364,000 
  
1,620,500 
 
 Loans charged off
 
**(2,567,679)**
  
(2,207,588)
  
(1,153,867)
 
 Recoveries of loans previously charged off
 
**337,942 **
  
189,061 
  
157,375 
 
Balance, end of year

**$**

**7,742,356 **
 
$

6,652,093 
 
$

6,306,620 
 ** **   
The following is a summary of information pertaining to impaired loans:
** ****  **
**December 31,**** **** ** ** **
**2002** 
2001** **** **  ** **** **     
Impaired loans without a valuation allowance

**$**

**-**
 
$

-  
 
Impaired loans with a valuation allowance
 
**6,156,732**
  
5,727,234
** **** **  
Total impaired loans

**$**

**6,156,732**
 
$

5,727,234
 ** **   
Valuation allowance related to impaired loans

**$**

**1,362,467**
 
$

1,199,696
 ** **   
Nonaccrual loans

**$**

**5,105,568**
 
$

4,393,949
 ** **   
Loans past due 90 days or more and still accruing

**$**

**3,529,000**
 
$

1,679,000
 ** **  
F-16
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 3.      LOANS(Continued)**
  
**Years Ended December 31,**
 ** **  
**2002**
 
**2001**
 
**2000**
 ** **           
Average investment in impaired loans

**$**

**5,509,950**
 
$

4,155,397
 
$

2,699,650
      
Interest income recognized on impaired loans

**$**

**297,339**

$

110,067
 
$

38,021
     
In the ordinary course of business, the Banks have granted loans to certain relatedparties, including directors, executive officers and their affiliates.  The interest rates on these loans were substantiallythe same as rates prevailing at the time of the transaction and repayment terms are customary for the type of loan.  Changesin related party loans for the year ended December 31, 2002 are as follows:
 
Balance, beginning of year

$

3,837,666 
 
    Advances, including renewals
 
2,877,270 
 
    Repayments, including renewals
 
(2,810,517)
 
Balance, end of year

$

3,904,419 
 
 
**NOTE 4.     PREMISES ANDEQUIPMENT**

Premises and equipment are summarized as follows:
 ** **
**December 31,**** **** ** ** ****2002** 2001 ** **  
Land

**$**

**3,465,045  **
 
$

3,402,285 
  
Buildings

**10,113,352  **
   
9,979,028 
 
Equipment

**19,589,739  **
   
16,936,186 
 ** **   
**33,168,136  **
   
30,317,499 
 
Accumulated depreciation

**(16,872,800) **
   
(14,438,451)
 ** **   
**$**

**16,295,336  **
 
$

15,879,048 
   
**Leases**

The Company has leased various properties and equipment under noncancelable agreementswhich expire at various times through 2011 and require minimum annual rentals.  The leases related to properties also requirethe payment of property taxes, normal maintenance and insurance.

Future minimum lease payments on noncancelable operating leases are summarized asfollows:
 
2003 

$

874,797
 
2004 
 
697,269
 
2005 
 
517,746
 
2006
 
371,791
  
2007
 
91,936
 
Thereafter
 
54,012
    
$

2,607,551
 
The total rental expense for the years ended December 31, 2002, 2001 and 2000 was$754,856, $712,105 and $654,790, respectively.

F-17
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 5.        INTANGIBLEASSETS**

Following is a summary of information related to acquired intangible assets:
  
**As of December 31, 2002**
 
**As of December 31, 2001**
 
**GrossCarryingAmount**

**AccumulatedAmortization**
 
**GrossCarryingAmount**

**AccumulatedAmortization**
 ** **** **** **** ** 
Amortized intangible assets
             
   Core deposit premiums

**$**

**2,951,362**
 
**$**

**1,609,000**
 
$

2,951,362
 
$

1,331,800
 
   Marketing agreement
 
**200,000**
  
**200,000**
  
200,000
  
20,000
 ** **** **** **** ** 
        Total

**$**

**3,151,362**
 
**$**

**1,809,000**
 
$

3,151,362
 
$

1,351,800
 ** ** ** ** ** ** ** **  
Unamortized intangible assets
             
   Goodwill

**$**

**788,553**
    
$

788,553
    ** ** ** ** ** ** ** ** 
The aggregate amortization expense was $613,346, $494,064 and $435,537 for the years endedDecember 31, 2002, 2001 and 2000, respectively.

The estimated amortization expense for each of the next five years is asfollows:
 
2003

$

277,200
 
2004
 
277,200
 
2005
 
277,200
 
2006
 
277,200
 
2007
 
277,200

There were no changes in the carrying amount of goodwill during the year endedDecember 31, 2002.

Following is a summary of net income and earnings per share that would have been reportedexclusive of amortization expense recognized in those periods related to goodwill and intangible assets that are no longer beingamortized.
  
**For the Year Ended December 31,**
   
**2002**
 
**2001**

**2000**
 ** **** **** **            
Reported net income

**$**

**8,123,441 **

$

7,174,991 

$

7,622,005
 
Add back goodwill amortization
 
**-   **
 
53,846 
 
31,378
 ** **** **** ** 
Adjusted net income

**$**

**8,123,441 **

$

7,228,837 

$

7,653,383
 ** ** ** ** ** **           
Basic earnings per share:
        
Reported net income

**$**

**3.73 **

$

3.29 

$

3.50
 
Goodwill amortization
 
**-   **
 
.01 
 
.01
 ** **** **** ** 
Adjusted net income

**$**

**3.73 **

$

3.30 

$

3.51
 ** ** ** ** ** **           
Diluted earnings per share:
        
Reported net income

**$**

**3.72 **

$

3.26 

$

3.46
 
Goodwill amortization
 
**-   **
 
.02 
 
.01
 ** **** **** ** 
Adjusted net income

**$**

**3.72 **

$

3.28 

$

3.47
 ** ** ** ** ** ** 
F-18
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 6.        DEPOSITS**

The aggregate amount of time deposits in denominations of $100,000 or more at December 31,2002 and 2001 was $123,990,612 and $113,545,095 respectively.  The scheduled maturities of time deposits at December 31, 2002are as follows:

2003

$

268,575,114

2004
 
25,683,795

2005
 
20,409,952

2006
 
9,436,595

2007
 
18,903,147

Thereafter
 
376,295

**$**

343,384,898
 
 
**NOTE 7.       OTHERBORROWINGS**

Other borrowings consist of the following:
** **
**December 31,**** ** 
**2002**2001** ** 
Note payable to bank, principal of $56,025 due quarterly plus interest
         
at prime minus 1% or 3.25% at December 31, 2002, collateralized 
         
by 50,000 shares of common stock of Community Bank & Trust,
         
matures July 31, 2004.

**$**

**395,775 **
 
$

619,875

Revolving credit note to bank, principal of $90,625 due quarterly

  

 

 

 

 

plus interest at prime minus 1% or 3.25% at December 31, 2002,
      
collateralized by 50,000 shares of common stock of Community
      

Bank & Trust and assignment of note receivable from ESOP,

   

 

 

 

 

matures June 30, 2006 (see Note 8).
 
**1,268,750**
  
1,450,000

Advance from Federal Home Loan Bank with interest due quarterly

 

 

 

 

at 5.95%, due February 8, 2010.
 
**10,000,000**
  
10,000,000

Advance from Federal Home Loan Bank with interest due quarterly at

 

 

 

 

2.82%, due September 4, 2007.
 
**5,000,000**
   
-  
**  **  
**$**

**  16,664,525**
 
$

12,069,875
** **
 

Contractual maturities of other borrowings as of December 31, 2002 are asfollows:

2003

$

586,600

2004
 
534,175

2005
 
362,500

2006
 
181,250

2007
 
5,000,000

Thereafter
 
10,000,000
 
    

$

16,664,525
 
 
The advances from Federal Home Loan Bank are secured by certain qualifying loans ofapproximately $86,768,000 and Federal Home Loan Bank stock of approximately $1,165,000.

F-19
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 8.     EMPLOYEEBENEFIT PLANS**

**Incentive Stock Option Plan**

The Company has an Incentive Stock Option Plan in which the Company can grant to keypersonnel options for an aggregate of 225,000 shares of the Company's common stock at not less than the fair market value of suchshares on the date the option is granted.  If the optionee owns shares of the Company representing more than 10% of the totalcombined voting power, then the price shall not be less than 110% of the fair market value of such shares on the date the option isgranted.  The option period will not exceed ten years from date of grant.  Other pertinent information related to theoptions is as follows:
** ****2002****2001****2000****Shares**
**Weighted-AverageExercisePrice**
**Shares**
**Weighted-AverageExercise Price**
**Shares**
**Weighted-AverageExercisePrice**

Under option, beginning of year

52,000
 
**$**

26.50
 
59,000 
 
$

25.66
 
59,500
 
$

24.40

Granted

**-  **
  
**-  **
 
-  
  
-  
 
  2,500
  
36.72

Exercised

15,000
  
9.85
 
(4,500)
  
9.85
 
(3,000)
  
9.85

Forfeited

**-  **
   
**-  **
 
(2,500)
  
36.72
 
-  
  
-  
** **        
Under option, end of year

37,000
 
**$**

33.25
 
52,000 
 
$

26.50
 
59,000 
 
$

25.66
 
     
    
    
Options exercisable at year-end

37,000
 
**$**

33.25
 
52,000 
 
$

26.50
 
41,750 
 
$

20.22
 
     
    
    
Weighted-average fair value of
              
options granted during the year
  
**$**

**-  **
   
$

-  
   
$

15.31

Information pertaining to options outstanding at December 31, 2002 is asfollows:
  
**Options Outstanding**

**Options Exercisable**
 ** **
**Range ofExercise Prices**
 
**SharesOutstanding**

**Weighted-AverageRemainingContractualLife**

**Weighted-AverageExercisePrice**

**SharesExercisable**

**Weighted-AverageExercisePrice**
     
$  9.85
 
7,500
  
2 years
 
$

9.85
 
7,500
 
  $

9.85

$39.20
 
29,500
  
7 years
  
39.20
 
29,500
  
39.20

The fair value of each option grant is estimated on the date of grant using theBlack-Scholes option-pricing model with the following weighted-average assumptions.  There were no options granted during theyears ending December 31, 2002 and 2001.
 
**Year EndedDecember 31,**
** **  
**2000**
   
Dividend yield

.49%
 
Expected life

10 years
 
Expected volatility

.21%
 
Risk-free interest rate

6.35%

F-20
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 8.     EMPLOYEEBENEFIT PLANS (Continued)**

**401(k) Plan**

The Company has a contributory 401(k) retirement plan covering substantially allemployees.  Contributions to the plan charged to expense for the years ended December 31, 2002, 2001 and 2000 amounted to$122,632, $115,647 and $81,215, respectively. 

**Employee Stock Ownership Plan**

The Company sponsors a leveraged Employee Stock Ownership Plan (ESOP) forthe benefit of employees who meet certain eligibility requirements, subject to certain IRS limits.  Contributions to the ESOPare determined by the Board of Directors of the Company taking into consideration the financial condition and fiscal requirementsof the Company and such other factors as the Board of Directors may deem pertinent and applicable under thecircumstances.   In 2001, the ESOP incurred debt when the Company loaned the ESOP $1,550,000 from the proceeds theCompany received from its revolving credit note to bank (also, see Note 7).  All dividends received by the ESOP are used topay debt service.  The ESOP shares initially were pledged as collateral for its debt.  As the debt is repaid, shares arereleased from collateral and allocated to employees based on the proportion of debt service paid in the year.  As shares arereleased from collateral, the Company reports compensation expense equal to the difference in the current market price of theshares and the original cost of those shares released.  All shares held by the ESOP are considered outstanding for earningsper share computations.  Dividends on allocated ESOP shares are recorded as a reduction of retained earnings; dividends onunallocated ESOP shares are recorded as a reduction of debt and accrued interest.

Contributions to the ESOP were $1,077,000, $771,906 and $698,873 for theyears ended December 31, 2002, 2001 and 2000, respectively.  Dividends paid to the ESOP for the years ended December 31, 2002,2001 and 2000 were $94,905, $76,570 and $66,247, respectively.  Interest expense related to the ESOP debt was $55,737 and22,476 for the years ended December 31, 2002, and 2001, respectively.

In accordance with the ESOP, the Company is expected to honor the rights of certainparticipants to diversify their account balances or to liquidate their ownership of the common stock in the event oftermination.  The purchase price of the common stock would be based on the fair market value of the Company’s commonstock as of the annual valuation date, which precedes the date the put option is exercised.  No participant has exercisedthese rights since the inception of the ESOP, and no significant cash outlay is expected during 2003.  However, since theredemption of common stock is outside the control of the Company, the Company’s maximum cash obligation based on theapproximate market prices of common stock as of the reporting date has been presented outside of shareholders’ equity. Theamount presented as redeemable common stock held by the ESOP in the consolidated balance sheet represents the Company’smaximum cash obligation and has been reflected as a reduction of retained earnings.  In addition, the unearned compensationrecorded in connection with the debt incurred by the ESOP has been offset against the redeemable common stock held by theESOP.

F-21
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 8.     EMPLOYEEBENEFIT PLANS (Continued)**

**Employee Stock Ownership Plan (Continued)**

Shares of the Company held by the ESOP at December 31, 2002 and 2001are as follows:
** ** 
**2002**
 
**2001**
** **** **** **        
Allocated shares
 
**326,922**
  
364,029
 
Committed-to-be-released shares
 
**13,341**
  
4,758
 
Unearned shares
 
**32,825**
  
35,610
**  **** **** **   
**373,088**
  
404,397
  
  
 ** **
Fair value of unreleased (unearned shares)

**$**

**1,456,773**
 
$

1,471,405
  
  
 
**NOTE 9.     INCOMETAXES**

The components of income tax expense are as follows:
** **
**Years Ended December 31,**** **** **** **** **
**2002** 
2001 
2000** **** **  ** **
Current

**$**

**3,604,733 **
 
$

3,299,022 
 
$

3,414,384 
 
Deferred
 
**(278,766)**
  
(174,404)
  
(273,564)
 
Change in valuation allowance
 
**-  **
  
-  
  
(94,113)
 
Current tax effect of net operating loss carryforward
 
**-  **
  
(48,603)
  
(45,509)
** **** **  ** ** 
**$**

**3,325,967 **
 
$

3,076,015 
 
$

3,001,198 
 ** **
  
  
 
The Company's income tax expense differs from the amounts computed by applying the federalincome tax statutory rates to income before income taxes.  A reconciliation of the differences is as follows:
** ** 
**Years Ended December 31,**
** **** **** ** 
**2002**
 
**2001**
 
**2000**
** **** **          ** **
Tax provision at statutory rate

**$**

**3,892,799 **
 
$

3,485,342 
 
$

3,611,889 
 
Tax-exempt interest
 
**(992,748)**
  
(862,465)
  
(731,922)
 
Disallowed interest
 
**99,655 **
  
130,720 
  
125,595 
 
Change in valuation allowance
 
**-  **
  
  
  
(94,113)
 
Current tax effect of net
         
operating loss carryforward
 
**-  **
  
(48,603)
  
(45,509)
 
Nondeductible expenses
 
**109,700 **
  
58,917 
  
35,639 
 
State income taxes
 
**232,610 **
  
180,121 
  
224,472 
 
Other items
 
**(16,049)**
  
131,983 
  
(124,853)
** **** **  ** **
Income tax expense

**$**

**3,325,967 **
 
$

3,076,015 
 
$

3,001,198 
 ** **
  
  
 
F-22
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 9.     INCOME TAXES(Continued)**

The components of deferred income taxes are as follows:
** **
**December 31,** ** **  **2002** 
2001 ** **  
Deferred tax assets:

    
Loan loss reserves

**$**

**2,726,646**
 
$

2,224,769
 
Other
 
**277,341**
  
277,034
 ** **  
  
**3,003,987**
  
2,501,803
 ** **           
Deferred tax liabilities:
        
Depreciation
 
**213,888**
  
16,615
 
Accretion
 
**207,222**
  
181,077
 
Unrealized gain on securities available-for-sale
 
**1,308,316**
  
2,778
 ** **    
**1,729,426**
  
200,470
 ** **         
Net deferred tax assets

**$**

**1,274,561**
 
$

2,301,333
 
 

**NOTE 10.  EARNINGSPER SHARE**

Diluted earnings per share were computed by dividing net income by the weighted averagenumber of shares of common stock and common stock equivalents outstanding.  The number of common shares was increased by thenumber of shares issuable upon the exercise of the stock options described in Note 8.  This theoretical increase in the numberof common shares was reduced by the number of common shares which are assumed to have been repurchased for the treasury with theproceeds from the exercise of the options; these purchases were assumed to have been made at the price per share that approximatesaverage market price.  The treasury stock method for determining the amount of dilution of stock options is based on theconcept that common shares which could have been purchased with the proceeds of the exercise of common stock options at marketprice are not actually outstanding common shares. 

Presented below is a summary of the components used to calculate basic and dilutedearnings per share.
  
**Years Ended December 31,**
 ** **  
**2002**
 
**2001**
 
**2000**
 ** **   
Net income

**$**

**8,123,441**
 
$

7,174,991
 
$

7,622,005
 ** **
  
  
            
Weighted average common shares outstanding
 
**2,177,962**
  
2,183,778
  
2,178,838
 
Net effect of the assumed exercise of stock
         
   options based on the treasury stock method
         
   using average market price for the year
 
**7,180**
  
19,211
  
23,465
 ** **             
Total weighted average common shares and
         
   common stock equivalents outstanding
 
**2,185,142**
  
2,202,989
  
2,202,303
  ** **
  
  
            
Diluted earnings per share

**$**

**3.72**
 
$

3.26
 
$

3.46
 ** **
  
  
   
F-23
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 11.   COMMITMENTSAND CONTINGENCIES**

The Company is a party to financial instruments with off-balance sheet risk in the normalcourse of business to meet the financing needs of its customers.  These financial instruments include commitments to extendcredit, standby letters of credit and credit card commitments.  Such commitments involve, to varying degrees, elements ofcredit risk and interest rate risk in excess of the amount recognized in the consolidated balance sheets.

The Company's exposure to credit loss in the event of nonperformance by the other party tothe financial instrument for commitments to extend credit, standby letters of credit and credit card commitments is represented bythe contractual amount of those instruments.  The Company uses the same credit policies in making commitments and conditionalobligations as it does for on-balance sheet instruments.  A summary of the Company's commitments is as follows:
** **** ****December 31,**** **** ** ** ****2002** 2001** **** **  
Commitments to extend credit

**$**

**29,656,851**
 
$

28,095,400
 
Credit card lines
 
**6,143,061**
   
5,570,455
 
Standby letters of credit
 
**2,213,825**
    
1,898,602
** **** **  
 

**$**

**38,013,737**
 
$

35,564,457

Commitments to extend credit are agreements to lend to a customer as long as there is noviolation of any condition established in the contract.  Since many of the commitments are expected to expire without beingdrawn upon, the total commitment amounts do not necessarily represent future cash requirements.

Standby letters of credit are conditional commitments issued by the Company to guaranteethe performance of a customer to a third party.  Those letters of credit are primarily issued to support public and privateborrowing arrangements.  The credit risk involved in issuing letters of credit is essentially the same as that involved inextending loan facilities to customers.  Collateral is required in instances which the Company deems necessary.

Credit card commitments are granted on an unsecured basis.

In the normal course of business, the Company is involved in various legalproceedings.  In the opinion of management, any liability resulting from such proceedings would not have a material effect onthe Company's financial statements.

**NOTE 12.   CONCENTRATIONS OF CREDIT**

The banking subsidiaries originate primarily commercial, residential, and consumer loansto customers in their local communities and surrounding counties.  The ability of the majority of the Banks' customers tohonor their contractual loan obligations is dependent on their local economy as well as the economy in the metropolitan Atlanta andMontgomery areas.

Seventy-seven percent (77%) of the Company's loan portfolio is concentrated in loanssecured by real estate.  A substantial portion of these loans are in the Banks' primary market areas.  In addition, asubstantial portion of the other real estate owned is located in those same markets.  Accordingly, the ultimatecollectibilityof the Company's loan portfolio and the recovery of the carrying amount of other real estate owned is susceptible to changes inmarket conditions in the Banks' primary market areas.

F-24
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 12.  CONCENTRATIONS OF CREDIT (Continued)**

The Company's loan portfolio also includes a concentration, eleven percent (11%) of thetotal portfolio, of commercial, financial and agricultural loans.  These loans represent loans made primarily to localbusinesses in the Banks' market areas.  A portion of these loans are small business loans and residential loans originated bythe loan production office, a division of Community Bank & Trust, which are outside the Banks' primary market areas.  TheCompany's lending policies require loans of all types to be adequately collateralized and supported by adequate cashflows.

Other significant concentrations of credit by type of loan are set forth in Note 3. The Georgia banks, as a matter of policy, do not generally extend credit to any single borrower or group of related borrowers inexcess of 25% of each individual Bank's statutory capital, or approximately $4,775,000 and $1,300,000 for Community Bank &Trust and Community Bank & Trust – Troup, respectively.  Community Bank & Trust – Alabama, as a matter ofpolicy, does not generally extend credit to any single borrower or group of related borrowers in excess of 20% of unimpairedcapital, or approximately $1,103,000.

**NOTE 13.   REGULATORYMATTERS**

The Banks are subject to certain restrictions on the amount of dividends that may bedeclared without prior regulatory approval.  At December 31, 2002, approximately $5,197,000 of retained earnings wereavailable for dividend declaration without regulatory approval.

The Company and Banks are subject to various regulatory capital requirements administeredby the federal banking agencies.  Failure to meet minimum capital requirements can initiate certain mandatory, and possiblyadditional discretionary  actions by regulators that, if undertaken, could have a direct material effect on the financialstatements.  Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company andBanks must meet specific capital guidelines that involve quantitative measures of the assets, liabilities and certainoff-balance-sheet items as calculated under regulatory accounting practices.  The capital amounts and classification are alsosubject to qualitative judgments by the regulators about components, risk weightings and other factors.  Prompt correctiveaction provisions are not applicable to bank holding companies.

Quantitative measures established by regulation to ensure capital adequacy require theCompany and Banks to maintain minimum amounts and ratios of Total and Tier I capital to risk-weighted assets, and Tier I capital toaverage assets.  Management believes, as of December 31, 2002 and 2001, the Banks met all capital adequacy requirements towhich they are subject.

As of December 31, 2002, the most recent notification from the Federal Deposit InsuranceCorporation categorized the Banks as well capitalized under the regulatory framework for prompt corrective action.  To becategorized as well capitalized, the Banks must maintain minimum Total risk-based, Tier I risk-based and Tier I leverage ratios asset forth in the following table.  There are no conditions or events since that notification that management believes havechanged the Banks' category.

F-25
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 13.    REGULATORYMATTERS (Continued)**

The Company and Banks' actual capital amounts and ratios are presented in the followingtables.
            
**To Be Well**
       
**For Capital**
 
**Capitalized Under**
       
**Adequacy**
 
**Prompt Corrective**
  
**Actual**
 
**Purposes**
 
**Action Provisions**
 ** **** **** **  
**Amount**

**Ratio**
 
**Amount**

**Ratio**
 
**Amount**

**Ratio**
 ** **** **** **** **** **** **  
**(Dollars in Thousands)**
 **  ** 
**As of December 31, 2002**
         
**  **
      
Total Capital to Risk Weighted Assets:
               
Consolidated

**$**

**69,312**
 
**13.63%**
 
**$**

**40,670**
 
**8.00%**
  
**N/A**
 
**N/A**
 
Community Bank & Trust

**$**

**56,340**
 
**13.67%**
 
**$**

**32,960**
 
**8.00%**
 
**$**

**41,199**
 
**10.00%**
 
Community Bank & Trust - Alabama

**$**

**5,335**
 
**14.69%**
 
**$**

**2,906**
 
**8.00%**
 
**$**

**3,632**
 
**10.00%**
 
Community Bank & Trust – Troup

**$**

**7,086**
 
**11.65%**
 
**$**

**4,866**
 
**8.00%**
 
**$**

**6,082**
 
**10.00%**
 
Tier I Capital to Risk Weighted Assets:
               
Consolidated

**$**

**62,940**
 
**12.38%**
 
**$**

**20,335**
 
**4.00%**
  
**N/A**
 
**N/A**
 
Community Bank & Trust

**$**

**51,176**
 
**12.42%**
 
**$**

**16,479**
 
**4.00%**
 
**$**

**24,719**
 
**6.00%**
 
Community Bank & Trust - Alabama

**$**

**4,879**
 
**13.43%**
 
**$**

**1,453**
 
**4.00%**
 
**$**

**2,179**
 
**6.00%**
 
Community Bank & Trust - Troup

**$**

**6,325**
 
**10.40%**
 
**$**

**2,433**
 
**4.00%**
 
**$**

**3,649**
 
**6.00%**
 
Tier I Capital to Average Assets:
               
Consolidated

**$**

**62,940**
 
**9.17%**
 
**$**

**27,441**
 
**4.00%**
  
**N/A**
 
**N/A**
 
Community Bank & Trust

**$**

**51,176**
 
**9.17%**
 
**$**

**22,326**
 
**4.00%**
 
**$**

**27,908**
 
**5.00%**
 
Community Bank & Trust - Alabama

**$**

**4,879**
 
**8.98%**
 
**$**

**2,174**
 
**4.00%**

**  **

**$**

**2,717**
 
**5.00%**
 
Community Bank & Trust - Troup

**$**

**6,325**
 
**8.08%**
 
**$**

**3,132**
 
**4.00%**

**  **

**$**

**3,915**
 
**5.00%**
                 
As of December 31, 2001
         
**  **
      
Total Capital to Risk Weighted Assets:
               
Consolidated

$

63,966
 
13.41%
 
$

38,174
 
8.00%
  
N/A
 
N/A
 
Community Bank & Trust

$

51,399
 
13.24%
 
$

31,056
 
8.00%
 
$

38,820
 
10.00%
 
Community Bank & Trust - Alabama

$

4,922
 
13.73%
 
$

2,867
 
8.00%
 
$

3,584
 
10.00%
 
Community Bank & Trust - Troup

$

6,223
 
11.85%
 
$

4,201
 
8.00%
 
$

5,252
 
10.00%
 
Tier I Capital to Risk Weighted Assets:
               
Consolidated

$

57,993
 
12.15%
 
$

19,087
 
4.00%
  
N/A
 
N/A
 
Community Bank & Trust

$

46,539
 
11.99%
 
$

15,528
 
4.00%
 
$

23,292
 
6.00%
 
Community Bank & Trust - Alabama

$

4,473
 
12.48%
 
$

1,433
 
4.00%
 
$

2,150
 
6.00%
 
Community Bank & Trust - Troup

$

5,567
 
10.60%
 
$

2,101
 
4.00%
 
$

3,151
 
6.00%
 
Tier I Capital to Average Assets:
               
Consolidated

$

57,993
 
8.89%
 
$

26,090
 
4.00%
  
N/A
 
N/A
 
Community Bank & Trust

$

46,539

 
8.77%
 
$

21,224
 
4.00%
 
$

26,531
 
5.00%
 
Community Bank & Trust - Alabama

$

4,473

 
8.69%
 
$

2,058
 
4.00%

  

$

2,573
 
5.00%
 
Community Bank & Trust - Troup

$

5,567

 
7.93%
 
$

2,807
 
4.00%

  

$

3,509
 
5.00%
 ** **** ** ** **** **** **** ** ** **** **
F-26
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE 14.   FAIR VALUEOF FINANCIAL INSTRUMENTS**

The fair value of a financial instrument is the current amount that would be exchangedbetween willing parties, other than in a forced liquidation.  Fair value is best determined based upon quoted marketprices.  However, in many instances, there are no quoted market prices for the Company’s various financialinstruments.  In cases where quoted market prices are not available, fair values are based on estimates using present value orother valuation techniques.  Those techniques are significantly affected by the assumptions used, including the discount rateand estimates of future cash flows.  Accordingly, the fair value estimates may not be realized in an immediate settlement ofthe instrument.  SFAS No. 107, *Disclosures about Fair Values of Financial Instruments*, excludes certain financialinstruments and all nonfinancial instruments from its disclosure requirements.  Accordingly, the aggregate fair value amountspresented may not necessarily represent the underlying fair value of the Company.

The following methods and assumptions were used by the Company in estimating fair valuedisclosures for financial instruments. 

**Cash, Due From Banks,Interest-Bearing Deposits in Banks and Federal Funds Sold: **The carryingamounts of cash, due from banks, interest-bearing deposits in banks, and federal funds sold approximate fair values.

**Securities: **Fair values for securities are based on available quoted market prices.  The carryingvalues of equity securities with no readily determinable fair value approximate fair values.

**Loans: **For variable-rate loans that reprice frequently and have no significant change in credit risk, fairvalues are based on carrying values.  For other loans, the fair values are estimated using discounted cash flow analyses,using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality.  Fairvalues for impaired loans are estimated using discounted cash flow analyses or underlying collateral values, whereapplicable.

**Deposits: **The carrying amounts of demand deposits, savings deposits and variable-rate certificates of depositapproximate their fair values.  Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flowcalculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthlymaturities on time deposits.

**OtherBorrowings: **The fair values of the Company's fixed rate other borrowings areestimated using discounted cash flow models based on the Company’s current incremental borrowing rates for similar types ofborrowing arrangements.  The carrying amounts of all other variable rate borrowings approximate their fair values.

**AccruedInterest: **The carrying amounts of accrued interest approximate their fairvalues.

**Redeemable CommonStock: **The fair values of the Company's redeemable common stock approximatesthe recorded amounts.

F-27
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 14.   FAIR VALUEOF FINANCIAL INSTRUMENTS (Continued)**

**Off-Balance-SheetInstruments: **Fair values of the Company’s off-balance-sheet financialinstruments are based on fees currently charged to enter into similar agreements.  Since the majority of the Company’soff-balance-sheet instruments consist of nonfee-producing, variable-rate commitments, the Company has determined they do not have adistinguishable fair value.

The estimated fair values and related carrying amounts of the Company's financial instruments were as follows:
  
**December 31, 2002**
 
December 31, 2001
 ** **   
**CarryingAmount**

**FairValue**

CarryingAmount

FairValue
 ** **** **                
Financial assets:
            
Cash, due from banks, interest-bearing
            
      deposits in banks, and federal funds sold

**$**

**54,665,112**
 
**$**

**54,665,112**
 
$

53,951,003
 
$

53,951,003
  
Securities available-for-sale
 
**100,355,807**
  
**100,355,807**
  
77,901,447
  
77,901,447
 
Securities held-to-maturity
 
**27,015,673**
  
**28,681,226**
  
29,602,403
  
30,384,025
 
Restricted equity securities
 
**1,215,300**
  
**1,215,300**
  
1,215,300
  
1,215,300
 
Loans
 
**483,625,208**
  
**485,913,998**
  
449,138,430
  
463,686,000
 
Accrued interest receivable
  
**5,878,195**
  
**5,878,195**
  
6,386,768
  
6,368,768
              
Financial liabilities:
            
Deposits
 
**607,354,327**
  
**612,083,135**
  
562,214,897
  
570,038,749
 
Other borrowings
 
**16,664,525**
  
**21,547,525**
  
12,069,875
  
12,069,875
 
Accrued interest payable
 
**3,882,321**
  
**3,882,321**
  
5,362,280
  
5,362,280
 
Redeemable common stock
 
**15,193,814**
  
**15,193,814**
  
15,159,684
  
15,159,684

 **NOTE 15.  SEGMENTINFORMATION**

The Company's operations have been classified into two reportable segments, banking andbank consulting services.  The banking segment involves traditional banking services offered through its three wholly-ownedbank subsidiaries.  Financial Supermarkets, Inc. provides various consulting and licensing services to financial institutionsin connection with the establishment of bank branches in supermarkets.  In connection with the establishment of a SupermarketBank, Financial Supermarkets provides consulting services ranging from providing alternative construction designs to coordinatingemployee training.  Financial Solutions, a division of Financial Supermarkets, Inc. was formed to provide various consultingservices to the financial institution industry including compliance, operational, advertising, marketing and travel relatedservices.

The Company’s reportable segments are organizations that offer different productsand services.  They are managed separately because of products and services, marketing strategies, and the regulatoryenvironments in which the Banks operate.  In addition, the Banks geographically are located in the Southeast and employsimilar business strategies, and are evaluated using similar performance expectations.  The bank consulting segment operatesthroughout the United States.

Total revenue by industry segment includes revenues from unaffiliated customers andaffiliates. Revenues from affiliates are eliminated in consolidation.  Interest income, interest expenses, data processingfees, management fees and other various revenues and expenses between affiliates are recorded on the accrual basis of accountingconsistent with similar transactions with customers outside the consolidated group. 

 F-28
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 15.   SEGMENTINFORMATION (Continued)**

Selected segment information by industry segment is as follows:
  
**Reportable Segments**
 **  ** 
**For the Year Ended December 31, 2002**
 
**Banking**
 
**FinancialSupermarkets**
 
**AllOther**
 
**Total**
                    
**Interest income**
 
**$**

**43,574,246 **
 
**$**

**351,805**
 
**$**

**8,590 **
 
**$**

**43,934,641 **
 
**Interest expense**
  
**16,876,262 **
  
**-**
  
**70,780 **
  
**16,947,042 **
 
**Intersegment net interest income (expense)**
  
**(351,986)**
  
**345,660**
  
**6,326 **
  
**- **
 
**Net interest income (loss)**
  
**26,697,984 **
  
**351,805**
  
**(62,190)**
  
**26,987,599 **
 
**Other revenue from external customers**
  
**7,993,905 **
  
**10,509,667**
  
**471,425 **
  
**18,974,997 **
 
**Intersegment other revenues**
     
**308,743**
  
**2,187,600 **
  
**2,496,343 **
 
**Depreciation and amortization**
  
**2,053,725 **
  
**670,468**
  
**367,203 **
  
**3,091,396 **
 
**Provision for loan losses**
  
**3,320,000 **
  
**-**
  
**- **
  
**3,320,000 **
 
**Segment profit (loss)**
  
**6,287,644 **
  
**3,132,173**
  
**(1,243,768)**
  
**8,176,049 **
 
**Segment assets**
  
**700,549,312 **
  
**17,287,304**
  
**4,854,392 **
  
**722,691,008 **
 
**Expenditures for premises and equipment**
  
**2,382,700 **
  
**51,622**
  
**575,759 **
  
**3,010,081 **
** **  ** **   ** **   ** **    ** ** 
**For the Year Ended December 31, 2001**
 
**Banking**
 
**FinancialSupermarkets**
 
**AllOther**
 
**Total**
                    
Interest income
 
$

48,884,501 
 
$

827,019
 
$

20,865 
 
$

49,732,385 
 
Interest expense
  
24,402,864 
  
- 
  
66,749 
  
24,469,613 
 
Intersegment net interest income (expense)
  
(822,538)
  
810,836
  
11,702 
  
- 
 
Net interest income (loss)
  
24,481,637 
   
827,019
  
(45,884)
  
25,262,772 
 
Other revenue from external customers
   
6,550,016 
  
10,714,956
  
512,306 
  
17,777,278 
 
Intersegment other revenues
  
-  
  
291,212
  
1,898,400 
  
2,189,612 
 
Depreciation and amortization
  
1,932,966 
  
368,401
  
576,287 
  
2,877,654 
 
Provision for loan losses
  
2,364,000 
  
- 
  
- 
  
2,364,000 
 
Segment profit (loss)
  
5,272,935 
  
3,062,564
  
(1,135,122)
  
7,200,377 
 
Segment assets
  
644,710,872 
  
24,232,122
  
4,781,293 
  
673,724,287 
 
Expenditures for premises and equipment
  
2,083,921 
  
1,107,310
  
387,504 
  
3,578,735 
** ** ** **  ** **  ** **   ** ** 
**For the Year Ended December 31, 2000**
 
**Banking**
 
**FinancialSupermarkets**
 
**AllOther**
 
**Total**
                    
Interest income
 
$

47,283,876 
 
$

813,208
 
$

12,254 
 
$

48,109,338 
 
Interest expense
  
23,291,215 
  
- 
  
82,469 
  
23,373,684 
 
Intersegment net interest income (expense)
  
(810,927)
  
798,673
  
12,254 
  
- 
 
Net interest income (loss)
  
23,992,661 
  
813,208
  
(70,215)
  
24,735,654 
 
Other revenue from external customers
  
5,258,886 
  
8,845,717
  
488,493 
  
14,593,096 
 
Intersegment other revenues
  
- 
  
541,569
  
2,120,800 
  
2,662,369 
 
Depreciation and amortization
  
1,582,541 
  
208,817
  
648,783 
  
2,440,141 
 
Provision for loan losses
  
1,620,500 
  
- 
  
- 
  
1,620,500 
 
Segment profit (loss)
  
5,407,069 
  
3,336,070
  
(1,071,968)
  
7,671,171 
 
Segment assets
  
587,193,454 
  
25,538,955
  
3,218,307 
  
615,950,716 
 
Expenditures for premises and equipment
  
2,681,650 
  
901,234
  
445,552 
  
4,028,436 

 F-29
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 15.      SEGMENTINFORMATION (Continued)**
   **2002** **2001** **2000**      
Net Income
                     
Total profit for reportable segments
 
**$**

**9,419,817 **
 
$

8,335,499 
 
$

8,743,139 
 
Non-reportable segment loss
  
**(1,243,768)**
  
(1,135,122)
  
(1,071,968)
 
Elimination of intersegment gains
  
**(52,608)**
  
(25,386)
  
(49,166)
      
Total consolidated net income
 
**$**

**8,123,441 **
 
$

7,174,991 
 
$

7,622,005 
   
  
 
 
 
 
 
Total Assets
                     
Total assets for reportable segments
 
**$**

**717,836,616 **
 
$

668,942,994 
 
$

612,732,409 
 
Non-reportable segment assets
  
**4,854,392 **
  
4,781,293 
  
3,218,307 
 
Elimination of intersegment assets
  
**(22,444,981)**
  
(27,515,568) 
  
(25,627,927)
      
Total consolidated assets
 
**$**

**700,246,027 **
 
$

646,208,719 
 
$

590,322,789 
   
  
 
 
 
 
 
Expenditures for Premises and Equipment
                     
Total expenditures for reportable segments
 
**$**

**2,434,322 **
 
$

3,191,231 
 
$

3,582,884 
 
Non-reportable segment assets
  
**575,759 **
  
387,504 
  
445,552 
 
Elimination of intersegment gains
  
**(150,000)**
  
(150,000)
  
(341,656)
      
Total consolidated expenditures for
                
   premises and equipment

**$**

**2,860,081 **
 
$

3,428,735 
 
$

3,686,780 
   
  
 
 
 
 

**NOTE 16.   SUPPLEMENTALFINANCIAL DATA**

Components of other operating expenses in excess of 1% of total revenue are asfollows:
  
**Years Ended December 31,**
     
**2002**
 
**2001**
 
**  2000**
 ** **** **** **        
Data processing

**$**

**966,786**
 
$

1,052,441
 
$

833,335
 
Travel expenses
 
**1,126,738**
  
1,434,305
  
906,265
 
Office supply expenses
 
**811,511**
  
876,095
  
611,511

 F-30
   
**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

****

**NOTE 17.   PARENTCOMPANY ONLY FINANCIAL INFORMATION**

The following information presents the condensed balance sheets as of December 31, 2002and 2001 and condensed statements of income and cash flows of Community Bankshares, Inc. for the periods ended December 31, 2002,2001 and 2000:
 
**CONDENSED BALANCE SHEETS**  **2002** 2001 ** **
 

Assets
     
 

Cash

**$**

**978,973**
 
$

814,418

 

Investment in subsidiaries
 
**66,491,332**
  
58,881,732

 

Equipment
 
**636,035**
  
454,399

 

Other assets
 
**2,838,784**
  
2,983,770
 ** **
 
      
 

Total assets

**$**

**70,945,124**
 
$

63,134,319

 
 
  
 
****

****

****
****
****
****
****
****
****
****
****

**** |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|