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IN ACCORDANCE WITH RULE 202 OF REGULATION S-T, THIS FORM 10-QSB IS BEING
FILED IN PAPER PURSUANT TO A CONTINUING HARDSHIP EXEMPTION

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-QSB
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
THE SECURITIES AND EXCHANGE ACT OF 1934

For the Quarterly Period Ended June 30, 2002

Commission File No. 33-4984

PCB BANCORP, INC.
(Exact Name of Registrant as Specified in its Charter)

|                                               |  |                                        
|---------------------------------------------- |  | ---------------------------------------
|Tennessee                                      |  | 62-1641671                             
|                                               |  |                                        
|(State or other jurisdiction of incorporation) |  | (I.R.S. Employer Identification Number)
|                                              
|                                              
|300 Sunset Dr : Johnson City, Tennessee        |  | 37604                                  
|                                               |  |                                        
|(Address of Principal Executive Office)        |  | (Zip Code)                             

(423) 915-2232




(Issuers Telephone Number Including Area Code)




Securities Registered Pursuant to Section 12(b) or 12(g) of the Act:
None




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

Yes  [X]      No  [   ]

828,100




(Outstanding shares of the issuers common stock as of June 30, 2002)


Transitional Small Business Disclosure Format

Yes  [   ]      No  [X]





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TABLE OF CONTENTS



|                                             |                                                                                               |                                                   |  |  |  |  |  | 
|-------------------------------------------- | --------------------------------------------------------------------------------------------- | ------------------------------------------------- |  |  |  |  |  | 
|PART 1. FINANCIAL INFORMATION               
|                                             | Item 1. Financial Statements                                                                 
|                                             |                                                                                               | CONSOLIDATED BALANCE SHEETS                      
|                                             |                                                                                               | CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)    
|                                             |                                                                                               | CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY  
|                                             |                                                                                               | CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
|                                             |                                                                                               | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS   
|                                             | Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
|PART II. OTHER INFORMATION                  
|                                             | Item 1. Legal Proceedings                                                                    
|                                             | Item 2. Changes in Securities                                                                
|                                             | Item 3. Default Upon Senior Securities                                                       
|                                             | Item 4. Submission of Matters to a Vote of Security Holders                                  
|                                             | Item 5. Other Information                                                                    
|                                             | Item 6. Exhibits and Reports on Form 8-K                                                     
|                                             |                                                                                               | SIGNATURES                                       
|SECTION 906 CERTIFICATION OF THE CEO AND CFO



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PCB BANCORP, INC.INDEX







|        |  |                                                                                       |                                                       |     
|------- |  | ------------------------------------------------------------------------------------- | ----------------------------------------------------- | ----
|Number  |  |                                                                                       |                                                       | Page
|        |  |                                                                                       |                                                       |     
|PART 1. |  | FINANCIAL INFORMATION                                                                 |                                                      
|       
|Item 1. |  | Financial Statements                                                                  |                                                      
|       
|        |  | Consolidated Balance Sheets                                                           |                                                      
|        |  |                                                                                       | June 30, 2002 (Unaudited) and December 31, 2001       | 2   
|       
|        |  | Consolidated Statements of Income                                                     |                                                      
|        |  |                                                                                       | Six Months ended June 30, 2002 and 2001 (Unaudited)   |     
|        |  |                                                                                       | Three Months ended June 30, 2002 and 2001 (Unaudited) | 3-5 
|       
|        |  | Consolidated Statement of Shareholders Equity                                        |                                                      
|        |  |                                                                                       | Six Months ended June 30, 2002 (Unaudited)            |     
|        |  |                                                                                       | Twelve Months ended December 31, 2001                 | 6   
|       
|        |  | Consolidated Statements of Cash Flows                                                 |                                                      
|        |  |                                                                                       | Six Months Ended June 30, 2002 and 2001 (Unaudited)   | 7-8 
|       
|        |  | Notes to the Consolidated Financial Statements (Unaudited)                            | 9                                                    
|       
|Item 2. |  | Managements Discussion and Analysis of Financial Condition
and Results of Operations | 13                                                   
|       
|PART II |  | OTHER INFORMATION                                                                     |                                                      
|       
|Item 1. |  | Legal Proceedings                                                                     | 15                                                   
|       
|Item 2. |  | Changes in Securities                                                                 | 15                                                   
|       
|Item 3. |  | Default Upon Senior Securities                                                        | 15                                                   
|       
|Item 4. |  | Submission of Matters to a Vote of Security Holders                                   | 15                                                   





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PCB BANCORP, INC.

FINANCIAL STATEMENTS

WITH

ACCOUNTANTS REVIEW REPORT

For the Quarters Ended June 30, 2002 and 2001





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ACCOUNTANTS REVIEW REPORT

To the Board of Directors
PCB Bancorp, Inc.
Johnson City, TN 37602

We have reviewed the accompanying consolidated statements of financial
condition of PCB Bancorp, Inc. and wholly-owned subsidiary as of June 30, 2002
and the related consolidated statement of changes in stockholders equity for
the six months ended June 30, 2002 and the consolidated statements of income
for the three and six months ended June 30, 2002 and 2001 and consolidated
statements of cash flows for the six months ended June 30, 2002 and 2001.
These consolidated financial statements are the responsibility of the Banks
management.

We conducted our reviews in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and making inquires of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted
in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion regarding the consolidated financial
statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that
should be made to the accompanying consolidated financial statements for them
to be in conformity with accounting principles generally accepted in the United
States of America.

BLACKBURN, CHILDERS & STEAGALL, PLC

July 16, 2002





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PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
CONSOLIDATED BALANCE SHEETS

|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |              |            |             |             | 
|------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------ | ------------------------------------------ | ------------ | ---------- | ----------- | ----------- | ------------ | ---------- | ----------- | ----------- | 
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            | June 30,    |             | December 31,
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            | 2002        |             | 2001        
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            | (unaudited) |             |              |            |            
|ASSETS                                                                               
|Cash and Due from Banks                                                               |                                                                                                                                                   | $                        | 7,483,235                                  |              |            |             | 6,040,810   |             
|Federal Funds Sold                                                                    |                                                                                                                                                   |                          | 3,057,000                                  |              |            |             | 7,573,000   |             
|Securities Held-to-Maturity                                                           |                                                                                                                                                   |                          |                                           |              |            |             | 100,412     |             
|Securities Available-for-Sale                                                         |                                                                                                                                                   |                          | 26,083,047                                 |              |            |             | 22,163,522  |             
|Loans Held for Sale                                                                   |                                                                                                                                                   |                          | 657,314                                    |              |            |             | 732,723     |             
|Loans Receivable, Net of Allowance for Loan
Losses and Deferred Loan Origination Fees |                                                                                                                                                   |                          | 99,214,415                                 |              |            |             | 88,960,311  |             
|Interest Receivable                                                                   |                                                                                                                                                   |                          | 635,232                                    |              |            |             | 608,365     |             
|Premises and Equipment, Net of Accumulated Depreciation                               |                                                                                                                                                   |                          | 2,603,833                                  |              |            |             | 2,671,769   |             
|Restricted Investments                                                                |                                                                                                                                                   |                          | 396,400                                    |              |            |             | 338,700     |             
|Deferred Tax Assets                                                                   |                                                                                                                                                   |                          | 95,327                                     |              |            |             | 181,853     |             
|Other Assets                                                                          |                                                                                                                                                   |                          | 646,037                                    |              |            |             | 822,794     |             
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|                                                                                      |                                                                                                                                                   |                          |                                            | Total Assets |            | $           | 140,871,840 |              |            |             | 130,194,259 | 
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|LIABILITIES AND SHAREHOLDERS EQUITY                                                 
|LIABILITIES:                                                                          |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|                                                                                      | Deposits:                                                                                                                                         |                          |                                            |              |            |             |             |              |           
|                                                                                      |                                                                                                                                                   | Demand Deposits          |                                            | $            | 14,986,992 |             |             |              | 14,682,509 |            
|                                                                                      |                                                                                                                                                   | Savings and NOW Deposits |                                            |              | 86,428,286 |             |             |              | 67,033,953 |            
|                                                                                      |                                                                                                                                                   | Other Time Deposits      |                                            |              | 21,076,137 |             |             |              | 29,420,183 |            
|                                                                                      | Interest Payable                                                                                                                                  |                          |                                            | 118,904      |            |             |             | 195,124      |           
|                                                                                      | Dividend Payable                                                                                                                                  |                          |                                            | 66,248       |            |             |             | 66,200       |           
|                                                                                      | Line of Credit                                                                                                                                    |                          |                                            | 6,000,000    |            |             |             | 6,000,000    |           
|                                                                                      | Accounts Payable and Other Liabilities                                                                                                            |                          |                                            | 447,644      |            |             |             | 2,027,823    |           
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|                                                                                      |                                                                                                                                                   |                          | Total Liabilities                          |              |            | 129,124,211 |             |              |            | 119,425,792 |            
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|SHAREHOLDERS EQUITY:                                                                 |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|                                                                                      | Common Stock  $1 par value; 3,000,000 shares authorized;
828,100 and 827,500 shares issued and outstanding
at 6/30/02 and 12/31/01, respectively |                          |                                            | 828,100      |            |             |             | 827,500      |           
|                                                                                      | Additional Paid-in Capital                                                                                                                        |                          |                                            | 7,483,300    |            |             |             | 7,474,500    |           
|                                                                                      | Retained Earnings                                                                                                                                 |                          |                                            | 3,103,927    |            |             |             | 2,344,632    |           
|                                                                                      | Accumulated Other Comprehensive Income                                                                                                            |                          |                                            | 332,302      |            |             |             | 121,835      |           
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|                                                                                      |                                                                                                                                                   |                          | Total Shareholders Equity                 |              |            | 11,747,629  |             |              |            | 10,768,467  |            
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |             
|                                                                                      |                                                                                                                                                   |                          | Total Liabilities and Shareholders Equity |              | $          | 140,871,840 |             |              |            | 130,194,259 |            
|                                                                                      |                                                                                                                                                   |                          |                                            |              |            |             |             |             

See Accompanying Notes and Accountants Review Report.

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PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

|                     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |           | 
|-------------------- | --------------------------------------------------------- |  | ---------------------- | --------- | -------------------- |  | -------- | --------- | -------- |  |  | --------- | - |  |  | --------- | 
|                     |                                                           |  | The Three Months Ended |           | The Six Months Ended
|                     |                                                           |  |                        |           |                     
|                     |                                                           |  | June 30,               |           | June 30,             |  | June 30, |           | June 30,
|                     |                                                           |  | 2002                   |           | 2001                 |  | 2002     |           | 2001    
|                     |                                                           |  |                        |           |                      |  |          |           |         
|INTEREST INCOME:     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|                     | Interest on Loans                                         |  | $                      | 1,682,820 |                      |  |          | 1,829,695 |          |  |  | 3,298,152 |   |  |  | 3,707,016 | 
|                     | Interest on Investments                                   |  |                        | 342,878   |                      |  |          | 376,780   |          |  |  | 668,959   |   |  |  | 780,889   | 
|                     | Interest on Federal Funds Sold                            |  |                        | 20,700    |                      |  |          | 73,681    |          |  |  | 57,241    |   |  |  | 100,875   | 
|                     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|                     | Total Interest Income                                     |  |                        | 2,046,398 |                      |  |          | 2,280,156 |          |  |  | 4,024,352 |   |  |  | 4,588,780 | 
|                     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|INTEREST EXPENSE:    |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|                     | Interest on Interest Bearing Checking Accounts            |  |                        | 21,284    |                      |  |          | 26,579    |          |  |  | 43,518    |   |  |  | 53,398    | 
|                     | Interest on Money Market Accounts                         |  |                        | 322,072   |                      |  |          | 180,771   |          |  |  | 630,503   |   |  |  | 348,408   | 
|                     | Interest on Passbook Accounts                             |  |                        | 179,743   |                      |  |          | 231,940   |          |  |  | 344,806   |   |  |  | 457,044   | 
|                     | Interest on Certificates of Deposit                       |  |                        | 189,623   |                      |  |          | 880,056   |          |  |  | 442,787   |   |  |  | 1,786,943 | 
|                     | Interest on Other Borrowed Funds                          |  |                        | 72,329    |                      |  |          | 71,924    |          |  |  | 145,979   |   |  |  | 133,402   | 
|                     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|                     | Total Interest Expense                                    |  |                        | 785,051   |                      |  |          | 1,391,270 |          |  |  | 1,607,593 |   |  |  | 2,779,195 | 
|                     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|                     | Net Interest Income                                       |  |                        | 1,261,347 |                      |  |          | 888,886   |          |  |  | 2,416,759 |   |  |  | 1,809,585 | 
|                     | Provision for Loan Losses                                 |  |                        | (13,051   | )                    |  |          | 52,379    |          |  |  | 33,249    |   |  |  | 128,908   | 
|                     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|                     | Net Interest Income after Provision for Loan Losses       |  |                        | 1,274,398 |                      |  |          | 836,507   |          |  |  | 2,383,510 |   |  |  | 1,680,677 | 
|                     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|NON-INTEREST INCOME: |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|                     | Service Charges                                           |  |                        | 107,061   |                      |  |          | 101,558   |          |  |  | 199,398   |   |  |  | 201,037   | 
|                     | Loan Origination Fees                                     |  |                        | 207,716   |                      |  |          | 125,913   |          |  |  | 377,607   |   |  |  | 250,507   | 
|                     | Net Realized Gain on Sales and Calls of Securities        |  |                        | 10,046    |                      |  |          | 47,039    |          |  |  | 10,046    |   |  |  | 54,759    | 
|                     | Net Realized Gain on Sale of Other Real Estate Owned      |  |                        | 24,378    |                      |  |          |          |          |  |  | 22,015    |   |  |  |          | 
|                     | Net Unrealized Impairment Loss on
Other Real Estate Owned |  |                        | (60,772   | )                    |  |          |          |          |  |  | (60,772   | ) |  |  |          | 
|                     | Miscellaneous                                             |  |                        | 839       |                      |  |          | 9,757     |          |  |  | 956       |   |  |  | 15,694    | 
|                     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          
|                     | Total Non-Interest Income                                 |  |                        | 289,268   |                      |  |          | 284,267   |          |  |  | 549,250   |   |  |  | 521,997   | 
|                     |                                                           |  |                        |           |                      |  |          |           |          |  |  |           |   |  |  |          

(Continued)

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PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

|                      |                                   |                             |   |                        |         |                      |  |          |         |          |  |           |           |  |  |         |           | 
|--------------------- | --------------------------------- | --------------------------- | - | ---------------------- | ------- | -------------------- |  | -------- | ------- | -------- |  | --------- | --------- |  |  | ------- | --------- | 
|                      |                                   |                             |   | The Three Months Ended |         | The Six Months Ended
|                      |                                   |                             |   |                        |         |                     
|                      |                                   |                             |   | June 30,               |         | June 30,             |  | June 30, |         | June 30,
|                      |                                   |                             |   | 2002                   |         | 2001                 |  | 2002     |         | 2001    
|                      |                                   |                             |   |                        |         |                      |  |          |         |         
|NON-INTEREST EXPENSE: |                                   |                             |   |                        |         |                      |  |          |         |          |  |           |           |  |  |        
|                      | Salaries                          |                             | $ | 419,185                |         |                      |  | 385,200  |         |          |  | 835,805   |           |  |  | 750,866 |          
|                      | Payroll Taxes                     |                             |   | 33,776                 |         |                      |  | 29,278   |         |          |  | 70,004    |           |  |  | 61,294  |          
|                      | Employee Benefits                 |                             |   | 39,738                 |         |                      |  | 35,120   |         |          |  | 80,378    |           |  |  | 70,428  |          
|                      | Occupancy Expense                 |                             |   | 26,017                 |         |                      |  | 27,231   |         |          |  | 49,006    |           |  |  | 52,499  |          
|                      | Rental Expense                    |                             |   | 12,600                 |         |                      |  | 10,607   |         |          |  | 20,700    |           |  |  | 18,107  |          
|                      | Furniture and Equipment Expense   |                             |   | 4,802                  |         |                      |  | 10,144   |         |          |  | 9,392     |           |  |  | 15,475  |          
|                      | Computer Equipment Expense        |                             |   | 35,312                 |         |                      |  | 21,357   |         |          |  | 54,863    |           |  |  | 45,600  |          
|                      | Stationery, Supplies and Printing |                             |   | 15,352                 |         |                      |  | 19,476   |         |          |  | 36,330    |           |  |  | 39,995  |          
|                      | Postage, Express and Freight      |                             |   | 23,748                 |         |                      |  | 23,111   |         |          |  | 46,318    |           |  |  | 45,322  |          
|                      | Telephone Expense                 |                             |   | 18,463                 |         |                      |  | 10,705   |         |          |  | 35,395    |           |  |  | 23,240  |          
|                      | Vehicle Expense                   |                             |   | 6,431                  |         |                      |  | 5,621    |         |          |  | 12,078    |           |  |  | 10,732  |          
|                      | Outside Services                  |                             |   | 31,994                 |         |                      |  | 18,346   |         |          |  | 87,508    |           |  |  | 64,364  |          
|                      | Teller Over and Short             |                             |   | 388                    |         |                      |  | (541     | )       |          |  | 668       |           |  |  | (459    | )        
|                      | Advertising and Promotion         |                             |   | 16,124                 |         |                      |  | 16,224   |         |          |  | 39,272    |           |  |  | 29,699  |          
|                      | Loan Collection Expense           |                             |   | 48,439                 |         |                      |  | 254      |         |          |  | 83,032    |           |  |  | 2,479   |          
|                      | Bank Security and Protection      |                             |   | 1,664                  |         |                      |  | 1,282    |         |          |  | 2,640     |           |  |  | 2,172   |          
|                      | FDIC Assessment                   |                             |   | 4,810                  |         |                      |  | 4,941    |         |          |  | 9,572     |           |  |  | 10,041  |          
|                      | Insurance                         |                             |   | 12,890                 |         |                      |  | 10,050   |         |          |  | 25,815    |           |  |  | 24,752  |          
|                      | Dues and Subscriptions            |                             |   | 5,606                  |         |                      |  | 3,246    |         |          |  | 10,672    |           |  |  | 8,581   |          
|                      | Franchise Tax Expense             |                             |   | 7,500                  |         |                      |  | 6,783    |         |          |  | 14,750    |           |  |  | 13,583  |          
|                      | Refunds and Reimbursements        |                             |   | 3,856                  |         |                      |  | 1,773    |         |          |  | 5,959     |           |  |  | 4,708   |          
|                      | Travel and Meetings               |                             |   | 1,213                  |         |                      |  | 835      |         |          |  | 2,298     |           |  |  | 1,086   |          
|                      | Contributions                     |                             |   | 2,934                  |         |                      |  | 2,100    |         |          |  | 5,459     |           |  |  | 4,150   |          
|                      | Depreciation                      |                             |   | 73,568                 |         |                      |  | 73,098   |         |          |  | 145,390   |           |  |  | 143,832 |          
|                      | Directors Fees                   |                             |   | 16,050                 |         |                      |  | 11,200   |         |          |  | 30,250    |           |  |  | 23,250  |          
|                      | Miscellaneous Expenses            |                             |   | 14,306                 |         |                      |  | 12,995   |         |          |  | 29,991    |           |  |  | 21,190  |          
|                      |                                   |                             |   |                        |         |                      |  |          |         |          |  |           |           |  |  |        
|                      |                                   | Total Non-Interest Expenses |   |                        | 876,766 |                      |  |          | 740,436 |          |  |           | 1,743,545 |  |  |         | 1,486,986 | 
|                      |                                   |                             |   |                        |         |                      |  |          |         |          |  |           |           |  |  |        
|                      | Income Before Taxes               |                             |   | 686,900                |         |                      |  | 380,338  |         |          |  | 1,189,215 |           |  |  | 715,688 |          
|                      |                                   |                             |   |                        |         |                      |  |          |         |          |  |           |           |  |  |        

(Continued)

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PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

|                                       |  |                        |         |                      |  |          |         |          |  |  |           |  |  |  |         | 
|-------------------------------------- |  | ---------------------- | ------- | -------------------- |  | -------- | ------- | -------- |  |  | --------- |  |  |  | ------- | 
|                                       |  | The Three Months Ended |         | The Six Months Ended
|                                       |  |                        |         |                     
|                                       |  | June 30,               |         | June 30,             |  | June 30, |         | June 30,
|                                       |  | 2002                   |         | 2001                 |  | 2002     |         | 2001    
|                                       |  |                        |         |                      |  |          |         |         
|Income Before Taxes (Brought Forward)  |  | $                      | 686,900 |                      |  |          | 380,338 |          |  |  | 1,189,215 |  |  |  | 715,688 | 
|                                      
|INCOME TAX PROVISION:                  |  |                        |         |                      |  |          |         |          |  |  |           |  |  |  |         | 
|Income Tax Expense                     |  |                        | 172,784 |                      |  |          | 122,671 |          |  |  | 297,472   |  |  |  | 230,170 | 
|                                       |  |                        |         |                      |  |          |         |          |  |  |           |  |  |  |         | 
|Net Income                             |  | $                      | 514,116 |                      |  |          | 257,667 |          |  |  | 891,743   |  |  |  | 485,518 | 
|                                       |  |                        |         |                      |  |          |         |          |  |  |           |  |  |  |         | 
|Net Income per Share-Basic             |  | $                      | .62     |                      |  |          | .32     |          |  |  | 1.08      |  |  |  | .59     | 
|                                       |  |                        |         |                      |  |          |         |          |  |  |           |  |  |  |         | 
|Net Income per Share-Assuming Dilution |  | $                      | .58     |                      |  |          | .29     |          |  |  | 1.01      |  |  |  | .55     | 
|                                       |  |                        |         |                      |  |          |         |          |  |  |           |  |  |  |         | 

See Accompanying Notes and Accountants Review Report.

5



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##### Table of Contents






PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY

|                                       |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |   | 
|-------------------------------------- | --------------------------------------------------------------------------------------------------------- | - | ------- |  | ------- |  | ---------- |  | ------------- | ------- | --------- | - | ----- | ------- | ----------- |  |  |  | ---------- | - | 
|                                       |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         | Accumulated |  |  |  |           
|                                       |                                                                                                           |   |         |  |         |  | Additional |  |               |         |           |   | Other |         |             |  | 
|                                       |                                                                                                           |   | Common  |  | Paid-in |  | Retained   |  | Comprehensive |         |           |   |      
|                                       |                                                                                                           |   | Stock   |  | Capital |  | Earnings   |  | Income        |         | Total    
|                                       |                                                                                                           |   |         |  |         |  |            |  |               |         |          
|Balances, January 1, 2001              |                                                                                                           | $ | 817,700 |  |         |  | 7,367,500  |  |               |         | 1,483,766 |   |       |         | 14,315      |  |  |  | 9,683,281  |  
|COMPREHENSIVE INCOME:                  |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |  
|Net Income                             |                                                                                                           |   |        |  |         |  |           |  |               |         | 1,098,783 |   |       |         |            |  |  |  | 1,098,783  |  
|Other Comprehensive Income
Net of Tax: |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |  
|                                       | Change In Unrealized
Gain (Loss) on Securities
Available-For-Sale, Net
of Deferred Income Tax
of $71,681  |   |         |  |         |  |            |  |               | 107,520 |           |   |       | 107,520 |            
|                                       |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |  
|Total Comprehensive Income             |                                                                                                           |   |         |  |         |  |            |  |               |         | 1,206,303 |  
|Stock Option Exercised                 |                                                                                                           |   | 9,800   |  |         |  | 107,000    |  |               |         |          |   |       |         |            |  |  |  | 116,800    |  
|Cash Dividends                         |                                                                                                           |   |        |  |         |  |           |  |               |         | (237,917  | ) |       |         |            |  |  |  | (237,917   | )
|                                       |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |  
|Balances, December 31, 2001            |                                                                                                           | $ | 827,500 |  |         |  | 7,474,500  |  |               |         | 2,344,632 |   |       |         | 121,835     |  |  |  | 10,768,467 |  
|COMPREHENSIVE INCOME (UNAUDITED):      |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |  
|Net Income                             |                                                                                                           |   |        |  |         |  |           |  |               |         | 891,743   |   |       |         |            |  |  |  | 891,743    |  
|Other Comprehensive Income
Net of Tax: |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |  
|                                       | Change in Unrealized
Gain (Loss) on Securities
Available-For-Sale, Net
of Deferred Income Tax
of $140,311 |   |         |  |         |  |            |  |               | 210,467 |           |   |       | 210,467 |            
|                                       |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |  
|Total Comprehensive Income             |                                                                                                           |   |         |  |         |  |            |  |               |         | 1,102,210 |  
|Stock Option Exercised                 |                                                                                                           |   | 600     |  |         |  | 8,800      |  |               |         |          |   |       |         |            |  |  |  | 9,400      |  
|Cash Dividends                         |                                                                                                           |   |        |  |         |  |           |  |               |         | (132,448  | ) |       |         |            |  |  |  | (132,448   | )
|                                       |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |  
|Balances, June 30, 2002                |                                                                                                           | $ | 828,100 |  |         |  | 7,483,300  |  |               |         | 3,103,927 |   |       |         | 332,302     |  |  |  | 11,747,629 |  
|                                       |                                                                                                           |   |         |  |         |  |            |  |               |         |           |   |       |         |             |  |  |  |            |  

See Accompanying Notes and Accountants Review Report.

6



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##### Table of Contents






PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

|                                                 |                                              |                                                                     |                                                              |                     |             |                      |            |               |            |            |           |  
|------------------------------------------------ | -------------------------------------------- | ------------------------------------------------------------------- | ------------------------------------------------------------ | ------------------- | ----------- | -------------------- | ---------- | ------------- | ---------- | ---------- | --------- | -
|                                                 |                                              |                                                                     |                                                              |                     |             | The Six Months Ended
|                                                 |                                              |                                                                     |                                                              |                     |             |                     
|                                                 |                                              |                                                                     |                                                              |                     |             | June 30, 2002        |            | June 30, 2001
|                                                 |                                              |                                                                     |                                                              |                     |             |                      |            |              
|CASH FLOWS FROM OPERATING ACTIVITIES:            |                                              |                                                                     |                                                              |                     |             |                      |            |              
|Net Income                                       |                                              | $                                                                   | 891,743                                                      |                     |             |                      | 485,518    |              
|Adjustments to Reconcile Net Income to Net Cash  |                                              |                                                                     |                                                              |                     |             |                      |            |              
|                                                 | Provided by (Used for) Operating Activities: |                                                                     |                                                              |                     |             |                      |            |               |           
|                                                 |                                              |                                                                     | Depreciation Expense                                         |                     |             | 145,390              |            |               |            | 143,832    |          
|                                                 |                                              |                                                                     | Loss on Sale of Assets                                       |                     |             |                     |            |               |            | 182        |          
|                                                 |                                              |                                                                     | Realized Gain on Sale of Other Real Estate Owned             |                     |             | (22,015              | )          |               |            |           |          
|                                                 |                                              |                                                                     | Unrealized Impairment Loss on Other Real Estate Owned        |                     |             | 60,772               |            |               |            |           |          
|                                                 |                                              |                                                                     | Provision for Loan Losses                                    |                     |             | (13,051              | )          |               |            | 128,908    |          
|                                                 |                                              |                                                                     | Discount Accretion Net of Premium Amortization               |                     |             | (21,615              | )          |               |            | (63,828    | )        
|                                                 |                                              |                                                                     | Origination of Mortgage Loans Held for Sale                  |                     |             | (12,403,068          | )          |               |            | (7,246,366 | )        
|                                                 |                                              |                                                                     | Proceeds from Mortgage Loans Sold                            |                     |             | 12,478,091           |            |               |            | 6,999,425  |          
|                                                 |                                              |                                                                     | Net Realized (Gains) Losses on Sales and Calls of Securities |                     |             | (10,046              | )          |               |            | (54,759    | )        
|                                                 |                                              |                                                                     | Deferred Income Tax                                          |                     |             | (135,009             | )          |               |            | (67,399    | )        
|                                                 |                                              |                                                                     | (Increase) Decrease in Assets:                               |                     |             |                      |            |               |            |            |          
|                                                 |                                              |                                                                     |                                                              | Interest Receivable |             |                      | (26,867    | )             |            |            | 27,928    |  
|                                                 |                                              |                                                                     |                                                              | Other Assets        |             |                      | 176,757    |               |            |            | (71,164   | )
|                                                 |                                              |                                                                     | Increase (Decrease) in Liabilities:                          |                     |             |                      |            |               |            |            |          
|                                                 |                                              |                                                                     |                                                              | Interest Payable    |             |                      | (76,220    | )             |            |            | (148,484  | )
|                                                 |                                              |                                                                     |                                                              | Other Liabilities   |             |                      | (1,580,179 | )             |            |            | 4,296,431 |  
|                                                 |                                              |                                                                     |                                                              |                     |             |                      |            |              
|                                                 |                                              |                                                                     | Net Cash Provided by (Used for) Operating Activities         |                     |             | (535,317             | )          |               |            | 4,430,224  |          
|                                                 |                                              |                                                                     |                                                              |                     |             |                      |            |              
|CASH FLOWS FROM INVESTING ACTIVITIES:            |                                              |                                                                     |                                                              |                     |             |                      |            |              
|                                                 |                                              | Net (Increase) Decrease in Federal Funds Sold                       |                                                              |                     | 4,516,000   |                      |            |               | (6,934,000 | )         
|                                                 |                                              | Purchases of Available-for-Sale Securities                          |                                                              |                     | (8,901,475  | )                    |            |               | (8,411,045 | )         
|                                                 |                                              | Proceeds from Maturities and Calls of Available-For-Sale Securities |                                                              |                     | 4,007,984   |                      |            |               | 7,832,439  |           
|                                                 |                                              | Principal Payments Received on Mortgage Back Securities             |                                                              |                     | 1,012,345   |                      |            |               | 1,070,127  |           
|                                                 |                                              | Purchases of Restricted Investments                                 |                                                              |                     | (57,700     | )                    |            |               | (11,400    | )         
|                                                 |                                              | Purchases of Premises and Equipment                                 |                                                              |                     | (77,107     | )                    |            |               | (18,401    | )         
|                                                 |                                              | Loan Participations Bought                                          |                                                              |                     | (1,340,814  | )                    |            |               |           |           
|                                                 |                                              | Loan Participations Sold                                            |                                                              |                     | 8,460,000   |                      |            |               |           |           
|                                                 |                                              | Proceeds from Sale of Assets                                        |                                                              |                     |            |                      |            |               | 200        |           
|                                                 |                                              | Proceeds from Sale of Foreclosed Property                           |                                                              |                     | 402,000     |                      |            |               |           |           
|                                                 |                                              | Net Increase in Loans                                               |                                                              |                     | (17,275,261 | )                    |            |               | (3,354,219 | )         
|                                                 |                                              |                                                                     |                                                              |                     |             |                      |            |              
|                                                 |                                              | Net Cash Used for Investing Activities                              |                                                              |                     | (9,254,028  | )                    |            |               | (9,826,299 | )         
|                                                 |                                              |                                                                     |                                                              |                     |             |                      |            |              
|CASH FLOWS FROM FINANCING ACTIVITIES:            |                                              |                                                                     |                                                              |                     |             |                      |            |              
|                                                 |                                              | Dividends Paid                                                      |                                                              |                     | (132,400    | )                    |            |               | (114,478   | )         
|                                                 |                                              | Stock Option Exercised                                              |                                                              |                     | 9,400       |                      |            |               |           |           
|                                                 |                                              | Net Increase in Deposits                                            |                                                              |                     | 11,354,770  |                      |            |               | 4,994,499  |           
|                                                 |                                              |                                                                     |                                                              |                     |             |                      |            |              
|                                                 |                                              | Net Cash Provided by Financing Activities                           |                                                              |                     | 11,231,770  |                      |            |               | 4,880,021  |           
|                                                 |                                              |                                                                     |                                                              |                     |             |                      |            |              
|Increase (Decrease) in Cash and Cash Equivalents |                                              |                                                                     | 1,442,425                                                    |                     |             |                      | (516,054   | )            

(Continued)

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PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

|                                                 |                   |   |                      |  |               |  |           |   | 
|------------------------------------------------ | ----------------- | - | -------------------- |  | ------------- |  | --------- | - | 
|                                                 |                   |   | The Six Months Ended
|                                                 |                   |   |                     
|                                                 |                   |   | June 30, 2002        |  | June 30, 2001
|                                                 |                   |   |                      |  |              
|Increase (Decrease) in Cash and Cash Equivalents |                   |   | 1,442,425            |  |               |  | (516,054  | )
|                                                 | (Brought Forward) |   |                      |  |               |  |           |   | 
|Cash and Cash Equivalents, Beginning of Period   |                   |   | 6,040,810            |  |               |  | 4,289,021 |  
|                                                 |                   |   |                      |  |               |  |           |  
|Cash and Cash Equivalents, End of Period         |                   | $ | 7,483,235            |  |               |  | 3,772,967 |  
|                                                 |                   |   |                      |  |               |  |           |  
|SUPPLEMENTAL DISCLOSURES:                        |                   |   |                      |  |               |  |           |  
|Cash Paid during the Period for Interest         |                   | $ | 1,683,813            |  |               |  | 2,927,679 |  
|                                                 |                   |   |                      |  |               |  |           |  
|Cash Paid during the Period for Income Taxes     |                   | $ | 400,619              |  |               |  | 299,707   |  
|                                                 |                   |   |                      |  |               |  |           |  

See Accompanying Notes and Accountants Review Report.

8



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##### Table of Contents






PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. SIGNIFICANT ACCOUNTING POLICIES:

The accompanying consolidated financial statements have been prepared in
accordance with generally accepted accounting principles for interim financial
information and with the instruction to Form 10-QSB. In the opinion of
management, all adjustments (consisting of normal recurring accruals)
considered necessary for a fair presentation have been included. Operating
results for the three month period ended June 30, 2002 are not necessarily
indicative of the results that may be expected for the year ended December 31,
2002. For further information, refer to the consolidated financial statements
and footnotes thereto included in the Companys Annual Report on Form 10-KSB
for the year ended December 31, 2001.

NOTE 2. INVESTMENTS:

The amortized costs of securities and their approximate fair values are as
follows:

|                                                 |  |                           |            |                   |  |            |         |            |  |      |        |           |  |            |            |            |  |       |            |       |  |  |         |  |  |  |        |  |  |  |            | 
|------------------------------------------------ |  | ------------------------- | ---------- | ----------------- |  | ---------- | ------- | ---------- |  | ---- | ------ | --------- |  | ---------- | ---------- | ---------- |  | ----- | ---------- | ----- |  |  | ------- |  |  |  | ------ |  |  |  | ---------- | 
|                                                 |  | June 30, 2002 (unaudited) |            | December 31, 2001
|                                                 |  |                           |            |                  
|                                                 |  |                           |            |                   |  | Gross      |         | Gross      |  |      |        |           |  |            |            |            |  | Gross |            | Gross |  |  |         | 
|                                                 |  | Amortized                 |            | Unrealized        |  | Unrealized |         |            |  |      |        | Amortized |  | Unrealized |            | Unrealized |  |       |            |      
|                                                 |  | Cost                      |            | Gains             |  | Losses     |         | Fair Value |  | Cost |        | Gains     |  | Losses     |            | Fair Value
|                                                 |  |                           |            |                   |  |            |         |            |  |      |        |           |  |            |            |           
|Available-for-Sale                               |  |                           |            |                   |  |            |         |            |  |      |        |           |  |            |            |            |  |       |            |       |  |  |         |  |  |  |        |  |  |  |            | 
|U.S. Government Federal Agencies                 |  | $                         | 6,617,642  |                   |  |            | 61,041  |            |  |      | 49,992 |           |  |            | 6,628,691  |            |  |       | 5,930,185  |       |  |  | 31,893  |  |  |  | 708    |  |  |  | 5,961,370  | 
|State and Municipal Governments                  |  |                           | 11,254,134 |                   |  |            | 326,268 |            |  |      | 8,771  |           |  |            | 11,571,631 |            |  |       | 9,676,293  |       |  |  | 118,493 |  |  |  | 85,964 |  |  |  | 9,708,822  | 
|Corporate Securities                             |  |                           | 521,302    |                   |  |            | 13,598  |            |  |      |       |           |  |            | 534,900    |            |  |       |           |       |  |  |        |  |  |  |       |  |  |  |           | 
|Mortgage-Backed
Securities                       |  |                           | 7,136,132  |                   |  |            | 212,742 |            |  |      | 1,049  |           |  |            | 7,347,825  |            |  |       | 6,353,985  |       |  |  | 145,780 |  |  |  | 6,435  |  |  |  | 6,493,330  | 
|                                                 |  |                           |            |                   |  |            |         |            |  |      |        |           |  |            |            |            |  |       |            |       |  |  |         |  |  |  |        |  |  |  |            | 
|Total Available-for-Sale                         |  |                           | 25,529,210 |                   |  |            | 613,649 |            |  |      | 59,812 |           |  |            | 26,083,047 |            |  |       | 21,960,463 |       |  |  | 296,166 |  |  |  | 93,107 |  |  |  | 22,163,522 | 
|                                                 |  |                           |            |                   |  |            |         |            |  |      |        |           |  |            |            |            |  |       |            |       |  |  |         |  |  |  |        |  |  |  |            | 
|Held-to-Maturity
State and Municipal Governments |  |                           |           |                   |  |            |        |            |  |      |       |           |  |            |           |            |  |       | 100,412    |       |  |  | 474     |  |  |  |       |  |  |  | 100,886    | 
|                                                 |  |                           |            |                   |  |            |         |            |  |      |        |           |  |            |            |            |  |       |            |       |  |  |         |  |  |  |        |  |  |  |            | 
|Total Held-to-Maturity                           |  |                           |           |                   |  |            |        |            |  |      |       |           |  |            |           |            |  |       | 100,412    |       |  |  | 474     |  |  |  |       |  |  |  | 100,886    | 
|                                                 |  |                           |            |                   |  |            |         |            |  |      |        |           |  |            |            |            |  |       |            |       |  |  |         |  |  |  |        |  |  |  |            | 
|Total Investment
Securities                      |  | $                         | 25,529,210 |                   |  |            | 613,649 |            |  |      | 59,812 |           |  |            | 26,083,047 |            |  |       | 22,060,875 |       |  |  | 296,640 |  |  |  | 93,107 |  |  |  | 22,264,408 | 
|                                                 |  |                           |            |                   |  |            |         |            |  |      |        |           |  |            |            |            |  |       |            |       |  |  |         |  |  |  |        |  |  |  |            | 

9



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PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2. INVESTMENTS (CONTINUED):

The amortized cost and market value of debt securities at December 31, 2001, by
contractual maturity, are shown below. Expected maturities will differ from
contractual maturities because borrowers may have the right to call or prepay
obligations with or without call or prepayment penalties.

|                     |                                    |   |                  |         |                    |  |           |         |       |  |            |           |  |  |            |           | 
|-------------------- | ---------------------------------- | - | ---------------- | ------- | ------------------ |  | --------- | ------- | ----- |  | ---------- | --------- |  |  | ---------- | --------- | 
|                     |                                    |   | Held-to-Maturity |         | Available-for-Sale
|                     |                                    |   |                  |         |                   
|                     |                                    |   | Amortized        |         | Fair               |  | Amortized |         | Fair 
|                     |                                    |   | Cost             |         | Value              |  | Cost      |         | Value
|                     |                                    |   |                  |         |                    |  |           |         |      
|Amounts maturing in: |                                    |   |                  |         |                    |  |           |         |       |  |            |           |  |  |            |          
|                     | One year or less                   |   | $                |        |                    |  |           |        |       |  |            | 215,000   |  |  |            | 216,526   | 
|                     | After one year through five years  |   |                  |        |                    |  |           |        |       |  |            | 3,322,566 |  |  |            | 3,370,958 | 
|                     | After five years through ten years |   |                  |        |                    |  |           |        |       |  |            | 6,537,906 |  |  |            | 6,541,142 | 
|                     | After ten years                    |   |                  | 100,412 |                    |  |           | 100,886 |       |  |            | 5,531,006 |  |  |            | 5,541,566 | 
|                     | Mortgage-Backed Securities         |   |                  |        |                    |  |           |        |       |  |            | 6,353,985 |  |  |            | 6,493,330 | 
|                     |                                    |   |                  |         |                    |  |           |         |       |  |            |           |  |  |            |          
|                     |                                    | $ | 100,412          |         |                    |  | 100,886   |         |       |  | 21,960,463 |           |  |  | 22,163,522 |          
|                     |                                    |   |                  |         |                    |  |           |         |       |  |            |           |  |  |            |          

Accrued interest on investments at June 30, 2002 and December 31, 2001 was
$239,319 and $190,519 respectively. During the year ended December 31, 2001
and the six months ended June 30, 2002 the bank received $12,207,993 and
$4,007,984 proceeds from sales and calls of securities with a carrying value
based on historical cost and adjusted for amortization of premiums and
accretion of discounts of $12,125,126 and $3,997,938 resulting in a realized
gain of $82,867 and $10,046 on sales and calls of securities, respectively.

NOTE 3. LOANS RECEIVABLE:

Loans are summarized as follows:

|                                   |  |               |             |              |  |  |            |  
|---------------------------------- |  | ------------- | ----------- | ------------ |  |  | ---------- | -
|                                   |  | June 30, 2002 |             | December 31,
|                                   |  | (unaudited)   |             | 2001        
|                                   |  |               |             |             
|Commercial                         |  | $             | 34,506,205  |              |  |  | 42,439,024 |  
|Residential Real Estate            |  |               | 17,449,819  |              |  |  | 9,155,830  |  
|Non Residential Real Estate        |  |               | 25,338,338  |              |  |  |           |  
|Installment                        |  |               | 21,641,632  |              |  |  | 36,107,446 |  
|Consumer                           |  |               | 1,368,002   |              |  |  | 2,354,874  |  
|Other                              |  |               | 185,345     |              |  |  | 127,013    |  
|                                   |  |               |             |              |  |  |            |  
|                                   |  |               | 100,489,341 |              |  |  | 90,184,187 |  
|Allowance for Loan Losses          |  |               | (1,120,312  | )            |  |  | (1,116,566 | )
|Net Deferred Loan Origination Fees |  |               | (154,614    | )            |  |  | (107,310   | )
|                                   |  |               |             |              |  |  |            |  
|                                   |  | $             | 99,214,415  |              |  |  | 88,960,311 |  
|                                   |  |               |             |              |  |  |            |  

Certain loans reported as Commercial and Installment at December 31, 2001 have
been reclassified as Non-Residential Real Estate at June 30, 2002. Due to
complexities involved, the classifications at December 31, 2001 have not been
restated.

10



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PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3. LOANS RECEIVABLE (CONTINUED):

An analysis of the change in the allowance for loan losses follows:

|                               |  |               |           |              |  |  |           |  
|------------------------------ |  | ------------- | --------- | ------------ |  |  | --------- | -
|                               |  | June 30, 2002 |           | December 31,
|                               |  | (unaudited)   |           | 2001        
|                               |  |               |           |             
|Balance at Beginning of Period |  | $             | 1,116,566 |              |  |  | 996,767   |  
|Provision for Loan Losses      |  |               | 33,249    |              |  |  | 335,426   |  
|Loans Charged Off              |  |               | (47,532   | )            |  |  | (203,061  | )
|Recoveries on Loans            |  |               | 18,029    |              |  |  | (12,566   | )
|                               |  |               |           |              |  |  |           |  
|Balance at End of Period       |  | $             | 1,120,312 |              |  |  | 1,116,566 |  
|                               |  |               |           |              |  |  |           |  

A summary of loans by estimated maturity as of December 31, 2001 is as follows:

|                         |  |   |            | 
|------------------------ |  | - | ---------- | 
|Maturity within one year |  | $ | 38,638,067 | 
|One to five years        |  |   | 48,457,575 | 
|Over five years          |  |   | 3,088,545  | 
|                         |  |   |            | 
|                         |  | $ | 90,184,187 | 
|                         |  |   |            | 

Accrued interest receivable on loans at June 30, 2002 and December 31, 2001 was
$395,913 and $417,846, respectively.

At December 31, 2001, the total recorded investment in impaired loans amounted
to $298,959. The amount of the recorded investment in impaired loans for which
there is a related allowance for credit losses at December 31, 2001, is
$185,000. The amount of the recorded investment in impaired loans for which
there is no related allowance for credit loss and is classified as substandard
is $113,959. The amount of accrued interest is recognized prior to principal
for any cash receipts on impaired loans. Interest income in the amount of $0
was recognized for cash receipts during 2001.

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PCB BANCORP, INC.
AND WHOLLY-OWNED SUBSIDIARY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 4. EARNINGS PER SHARE:

|                                                                         |  |                      |         |               |  |                  |         |             |  |               |      |           |  |  |         |                  |  |  |         |  |  |  |     | 
|------------------------------------------------------------------------ |  | -------------------- | ------- | ------------- |  | ---------------- | ------- | ----------- |  | ------------- | ---- | --------- |  |  | ------- | ---------------- |  |  | ------- |  |  |  | --- | 
|                                                                         |  | FOR THE PERIOD ENDED
|                                                                         |  |                     
|                                                                         |  | June 30, 2002        |         | June 30, 2001
|                                                                         |  | (unaudited)          |         | (unaudited)  
|                                                                         |  |                      |         |              
|                                                                         |  |                      |         |               |  | Weighted-Average |         |             |  |               |      |           |  |  |         | Weighted-Average |  |  |         | 
|                                                                         |  | Income               |         | Shares        |  | Per-Share        |         | Income      |  | Shares        |      | Per-Share
|                                                                         |  | (Numerator)          |         | (Denominator) |  | Amount           |         | (Numerator) |  | (Denominator) |      | Amount   
|                                                                         |  |                      |         |               |  |                  |         |             |  |               |      |          
|Net Income                                                               |  | $                    | 891,743 |               |  |                  |        |             |  |               |     |           |  |  | 485,518 |                  |  |  |        |  |  |  |    | 
|Basic EPS                                                                |  |                      |         |               |  |                  |         |             |  |               |      |           |  |  |         |                  |  |  |         |  |  |  |     | 
|Income Available to
Common Stockholders                                  |  |                      | 891,743 |               |  |                  | 827,802 |             |  |               | 1.08 |           |  |  | 485,518 |                  |  |  | 817,700 |  |  |  | .59 | 
|Effect of Dilutive Options                                               |  |                      |         |               |  |                  |         |             |  |               |      |           |  |  |         |                  |  |  |         |  |  |  |     | 
|Stock Options
(using the Treasury Stock
Method)                          |  |                      |        |               |  |                  | 53,955  |             |  |               |     |           |  |  |        |                  |  |  | 62,173  |  |  |  |    | 
|                                                                         |  |                      |         |               |  |                  |         |             |  |               |      |           |  |  |         |                  |  |  |         |  |  |  |     | 
|Diluted EPS                                                              |  |                      |         |               |  |                  |         |             |  |               |      |           |  |  |         |                  |  |  |         |  |  |  |     | 
|Income Available to
Common Stockholders plus
Assumed Exercise of Options |  | $                    | 891,743 |               |  |                  | 881,757 |             |  |               | 1.01 |           |  |  | 485,518 |                  |  |  | 879,873 |  |  |  | .55 | 
|                                                                         |  |                      |         |               |  |                  |         |             |  |               |      |           |  |  |         |                  |  |  |         |  |  |  |     | 

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Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations

Financial Condition

Peoples Community Bank (the Bank) represents virtually all of the
assets of PCB Bancorp, Inc. (the Company). The Companys
consolidated results of operations are dependent primarily on net
interest income, which is the difference between the interest income
earned on interest-earning assets, such as loans and investments,
and the interest expense incurred on interest-bearing liabilities,
such as deposits and other borrowings. The Bank, which was opened
December 15, 1995, has continued to experience growth during the
second quarter of 2002. Total assets have grown $10.7 million or
8.2% since December 31, 2001.

Loans have increased $10.3 million or 11.53% since December 31,
2001. Investment securities have increased $3.8 million or 17.16%
since December 31, 2001.

Nonperforming Assets and Risk Elements.The bank had $114,000 in
nonperforming assets at June 30, 2002. Diversification within the
loan portfolio is an important means of reducing inherent lending
risks. At June 30, 2002, the Bank had no concentrations of ten
percent or more of total loans in any single industry or in any
geographical area outside the immediate market area of the Bank. At
the present time, the Bank has impaired loans totaling $299,000. In
reference to the impaired loans, the Bank has related allowance for
credit losses totaling $185,000, leaving a balance classified as
substandard of $114,000. The Bank also currently has $487,000 in
other real estate owned.

The Bank discontinues the accrual of interest on loans which become
ninety days past due (principal and/or interest), unless the loans
are adequately secured and in the process of collection. Other real
estate owned is carried up to the fair value, determined by an
appraisal. A loan is classified as a restructured loan when the
interest rate is materially reduced or the term is extended beyond
the original maturity date because of the inability of the borrower
to service the debt under the original terms.

Liquidity and Capital Resources

Liquidity is adequate with cash and due from banks of $7.5 million
as of June 30, 2002. In addition, loans and investment securities
repricing or maturing in one year or less exceeded $38 million at
June 30, 2002. The Bank has approximately $7.1 million in unfunded
loan commitments. It is not known how much of this will be funded
within the next six months. Other commitments, primarily standby
letters of credit, are approximately $1.8 at June 30, 2002. The
Bank has outside funding sources including fed fund lines of credit,
cash management accounts, and security repurchase agreements with
the Federal Home Loan Bank, Compass Bank, and Columbus Bank and
Trust of Georgia. The amount of funding available through these
agreements totaled $14.6 million with $8.3 million having been drawn
as of June 30, 2002. With

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the exception of unfunded loan commitments, there are no known
trends or any known commitments or uncertainties that will result in
the Banks liquidity increasing or decreasing in a material way. In
addition, the Company is not aware of any recommendations by any
regulatory authorities that would have a material effect on the
Companys liquidity, capital resources, or results of operations.

Total equity capital of the Company at June 30, 2002 is $11.7
million or 8.3% of total assets. The Banks capital position is
adequate to meet the minimum capital requirements as of June 30,
2002 for all regulatory agencies. The Banks capital ratios as of
June 30, 2002 are as follows:

|                 |  |  |       |  
|---------------- |  |  | ----- | -
|Tier 1 capital   |  |  | 8.10  | %
|                
|Tier 2 capital   |  |  | .82   | %
|                
|Total risk-based |  |  | 10.86 | %

Results of Operations

The company had net income of $514,116 during the second quarter of
2002 compared to the net income of $257,667 during the second
quarter of 2001. Net interest income increased $372,000 or 41.9%,
and total non-interest income was up $5,000 or 1.8%.

Interest income and interest expense both decreased from 2001 to
2002 because of the decrease in the prime rate and Fed Fund rate
from June 2001 to June 2002. Our Cost/Yield Spread for loans
remains strong at 4.47%, improving over 90 basis points compared to
the second quarter in 2001. The growth in non-interest income for
the period ending June 30, 2002 reflects the increase in deposits
and gains realized on securities and other real estate sold by the
Bank during 2001 and 2002.

The provision for loan losses was $33,000 for the first six months
of 2002 down from $129,000 for the first six months in 2001. The
allowance for loan losses of $1,120,000 at June 30, 2002
(approximately 1.1% of total loans) is considered to be adequate to
cover losses inherent in the loan portfolio. Management evaluates
the adequacy of the allowance for loan losses monthly and makes
provisions for the loan losses based on this evaluation.

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PART II. OTHER INFORMATION




Item 1. Legal Proceedings

None




Item 2. Changes in Securities

None




Item 3. Default Upon Senior Securities

None




Item 4. Submission of Matters to a Vote of Security Holders

None




Item 5. Other Information

None




Item 6. Exhibits and Reports on Form 8-K

(a) Exhibits

Exhibit 99.1 Certifications pursuant to
18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002

(b) Reports on Form 8-K

None

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SIGNATURES

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

|          |  |                                                                                        
|--------- |  | ---------------------------------------------------------------------------------------
|          |  | PCB BANCORP, INC.                                                                      
|          |  |                                                                                        
|          |  | (Registrant)                                                                           
|         
|8/13/2002 |  | Phillip R. Carriger                                                                    
|          |  |                                                                                        
|(Date)    |  | Phillip R. Carriger, Chairman and Chief Executive Officer
(Principle Executive Officer)
|         
|8/13/2002 |  | Michael Christian                                                                      
|          |  |                                                                                        
|(Date)    |  | Michael Christian, President                                                           

16