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<TITLE>10Q002</TITLE>
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<B><FONT SIZE=2><P ALIGN="CENTER"><A NAME="BM_1_"></A>FORM 10-QSB</P>
<P ALIGN="CENTER">U. S. Securities and Exchange Commission</P>
<P ALIGN="CENTER">Washington, D.C. 20549</P>
<P>(Mark One)</P>
<P>[X]	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.</P>
<P ALIGN="CENTER">For the quarterly period ended <U>March 31, 2000</P>
</U><P>[ ] 	TRANSITIONS REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1943.</P>
<P ALIGN="CENTER">For the transition period from ___________ to _________</P>
<P ALIGN="CENTER">Commission file number<U> 0-16657</U> </P>
<P ALIGN="CENTER">FIRST GEORGIA HOLDING, INC.</P></B></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=655>
<TR><TD WIDTH="52%" VALIGN="TOP">
<P ALIGN="CENTER"><B><U><FONT FACE="Courier New" SIZE=2>Georgia</B></U></FONT></TD>
<TD WIDTH="48%" VALIGN="TOP">
<B><U><FONT SIZE=2><P ALIGN="CENTER">58-1781773</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="MIDDLE">
<B><FONT SIZE=2><P ALIGN="CENTER">(State or other jurisdiction or </P>
<P ALIGN="CENTER">incorporation or organization)</B></FONT></TD>
<TD WIDTH="48%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">(IRS Employer Identification No.)</B></FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<B><FONT SIZE=2><P ALIGN="CENTER"> </P>
<P ALIGN="CENTER">1703 Gloucester Street</P>
<U><P ALIGN="CENTER">Brunswick, Georgia 31520</P>
</U><P ALIGN="CENTER">(Issuer's Address)</P>
<U><P ALIGN="CENTER">(912) 267-7283</P>
</U><P ALIGN="CENTER">(Issuer's telephone number)</P>
<P>Check whether the issuer (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days. Yes<U> X </U>No______ </P>
<P>Number of shares of Common Stock outstanding as of March 31, 2000.</P>
<P> </P>
<P ALIGN="CENTER">7,198,371</P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER">PART I</P>
<P ALIGN="CENTER">FINANCIAL INFORMATION</P>
<P>The consolidated financial statements of First Georgia Holding, Inc. filed as a part of this report are as follows:</P></B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=734>
<TR><TD WIDTH="57%" VALIGN="TOP">
<P> </TD>
<TD WIDTH="43%" VALIGN="TOP">
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Page</B></FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP">
<B><FONT SIZE=2><P>Consolidated Balance Sheets as of </P>
<P>March 31, 2000 and September 30, 1999</B></FONT></TD>
<TD WIDTH="43%" VALIGN="BOTTOM">
<B><FONT SIZE=2><P ALIGN="CENTER">3</B></FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP">
<B><FONT SIZE=2><P>Consolidated Income Statements for the Three Months Ended</P>
<P>March 31, 2000 and 1999 and the six months ended March 31, 2000 </P>
<P>and 1999.</B></FONT></TD>
<TD WIDTH="43%" VALIGN="BOTTOM">
<B><FONT SIZE=2><P ALIGN="CENTER">4</B></FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP">
<B><FONT SIZE=2><P>Consolidated Cash Flow Statements for the Six Months Ended</P>
<P>March 31, 2000 and 1999</B></FONT></TD>
<TD WIDTH="43%" VALIGN="BOTTOM">
<B><FONT SIZE=2><P ALIGN="CENTER">5</B></FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP">
<B><FONT SIZE=2><P>Notes to Consolidated Financial Statements </B></FONT></TD>
<TD WIDTH="43%" VALIGN="BOTTOM">
<B><FONT SIZE=2><P ALIGN="CENTER">6</B></FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP">
<B><FONT SIZE=2><P>Management's Discussion and Analysis o Consolidated </P>
<P>Statements of Financial Condition and Results of Operations</B></FONT></TD>
<TD WIDTH="43%" VALIGN="BOTTOM">
<B><FONT SIZE=2><P ALIGN="CENTER">6</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=2>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Part II</B></FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP">
<B><FONT SIZE=2><P>Item 6. Exhibits and Reports on Form 8-K</B></FONT></TD>
<TD WIDTH="43%" VALIGN="BOTTOM">
<B><FONT SIZE=2><P ALIGN="CENTER">14</B></FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP">
<P> </TD>
<TD WIDTH="43%" VALIGN="BOTTOM">
<P> </TD>
</TR>
</TABLE>

<FONT SIZE=2><P> </P>
<P> </P></FONT>
<TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=750>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=12>
<P ALIGN="CENTER"><B><FONT FACE="Courier New" SIZE=2>FIRST GEORGIA HOLDING, INC.</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=12>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">CONSOLIDATED BALANCE SHEETS</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=12>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">(unaudited)</B></FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<B><FONT FACE="Courier New" SIZE=2><P>Assets:</B></FONT></TD>
<TD WIDTH="29%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><DIR>
<DIR>

<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">03/31/00</DIR>
</DIR>
</B></FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=12>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">09/30/99</B></FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Cash and cash equivalents:</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Cash and due from banks</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 7,114,767 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6,741,939 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Federal funds sold</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">10,340,000 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-</FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Interest bearing deposits in other banks</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">330,116 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">460,627 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Cash and cash equivalents</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">17,784,883 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,202,566 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Investment securities to be held to maturity,</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>fair value approximately $13,634,000 at </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>March 31, 2000 and $13,966,000 at </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>September 30, 1999</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">14,282,421 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">14,442,058 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Loans receivable, net </FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">195,973,135 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">173,196,591 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Real estate owned</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">114,328 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">225,000 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Federal Home Loan Bank stock, at cost </FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">892,300 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">837,500 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Premises and equipment, net</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">5,406,760 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,900,601 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Accrued interest receivable</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,382,497 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,205,599 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Intangible assets, net </FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">645,467 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">693,281 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Other assets </FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,539,190 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,592,385 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 238,020,981 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">204,295,581 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<B><FONT FACE="Courier New" SIZE=2><P>Liabilities and Stockholders' Equity</B></FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<B><FONT FACE="Courier New" SIZE=2><P>Liabilities:</B></FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Deposits </FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 207,824,018 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">173,174,361 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Federal Home Loan Bank advances </FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6,600,000 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">8,600,000 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Other borrowings</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,000,000 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-</FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Accrued interest payable</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">633,878 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">517,739 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Accrued expenses and other liabilities </FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,707,835 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,678,970 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">219,765,731 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">186,971,070 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<B><FONT FACE="Courier New" SIZE=2><P>Stockholders' Equity </B></FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Common stock, $1.00 par value; 10,000,000 shares </FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>authorized; 7,198,371 and 7,198,371 shares issued </FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>and outstanding at March 31, 2000 and </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>September 30, 1999, respectively</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,198,371 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,198,371 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Additional paid-in capital</FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">715,740 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">715,740 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>Retained earnings </FONT></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">10,341,139 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">9,410,400 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">18,255,250 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">17,324,511 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=12><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=12><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 238,020,981 </FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">204,295,581 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="27%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=12>
<FONT FACE="Courier New" SIZE=2><P>See accompanying notes to consolidated financial statements.</FONT></TD>
</TR>
</TABLE>


<TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=756>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=10>
<P ALIGN="CENTER"><B><FONT FACE="Courier New" SIZE=2>FIRST GEORGIA HOLDING, INC.</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=10>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">CONSOLIDATED INCOME STATEMENTS (unaudited)</B></FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=10><P></P></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="29%" VALIGN="TOP" COLSPAN=2 HEIGHT=10>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Three Months Ended </B></FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="31%" VALIGN="TOP" COLSPAN=2 HEIGHT=10>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Six Months Ended </B></FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=10>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">03/31/00</B></FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=10>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">03/31/99</B></FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=10>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">03/31/00</B></FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=10>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">03/31/99</B></FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=10><P></P></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Interest Income:</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="18%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Loans</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 4,517,805 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">3,555,059 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 8,766,870 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,111,124 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Interest on Federal funds sold</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">65,936 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">135,774 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">69,288 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">305,519 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Interest on investments</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">231,766 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">249,310 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">455,400 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">471,981 </FONT></TD>
</TR>
<TR><TD WIDTH="18%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Other </FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,398 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">678 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,391 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,112 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Total interest income</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,816,905 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">3,940,821 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">9,293,949 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,889,736 </FONT></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Interest Expense:</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="18%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Deposits</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,214,950 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,888,632 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,090,857 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">3,821,809 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Advances and other borrowings</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">116,711 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">116,899 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">301,334 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">246,938 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Total interest expense</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,331,661 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,005,531 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,392,191 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,068,747 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Net interest income</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,485,244 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,935,290 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,901,758 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">3,820,989 </FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Provision for loan losses </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">60,000 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">90,000 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">56 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Net interest income after</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Provision for loan losses</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,425,244 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,935,290 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,811,758 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">3,820,933 </FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Other Income:</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Loan servicing fees</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">117,614 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">180,595 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">252,487 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">387,334 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Deposit service charges</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">462,652 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">311,330 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">903,553 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">670,992 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Gain on sale of real estate owned</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">426 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">16,316 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">16,619 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Other operating income</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">50,908 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">41,430 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">84,196 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">92,861 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Total other income</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">631,174 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">533,781 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,256,552 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,167,806 </FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Other Expenses:</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Salaries and employee benefits </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">960,944 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">836,188 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,916,785 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,638,170 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Premises and occupancy costs</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">486,739 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">317,457 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">939,262 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">591,593 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Amortization of intangibles</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">23,907 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">27,930 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">47,814 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">55,860 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Federal insurance premiums</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">9,166 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">24,968 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">34,290 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">46,949 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Other operating expenses</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">544,102 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">516,211 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,098,421 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,001,515 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Total other expenses</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,024,858 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,722,754 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,036,572 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">3,334,087 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="TOP" COLSPAN=6 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Income before income taxes</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,031,560 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">746,317 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,031,738 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,654,652 </FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="18%" VALIGN="TOP" COLSPAN=3 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Income Taxes</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">412,630 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">261,864 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">813,064 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">612,249 </FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="24%" VALIGN="TOP" COLSPAN=4 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Net Income</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 618,930 </FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">484,453 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 1,218,674 </FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,042,403 </FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=7 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Income per share</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Basic</FONT></TD>
<TD WIDTH="6%" VALIGN="MIDDLE" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 0.09 </FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0.07 </FONT></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 0.17 </FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0.14 </FONT></TD>
</TR>
<TR><TD WIDTH="12%" VALIGN="TOP" COLSPAN=2 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>Diluted</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 0.08 </FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0.06 </FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 0.16 </FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0.13 </FONT></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="1%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=15><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=15><P></P></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=15>
<FONT FACE="Courier New" SIZE=2><P>See accompanying notes to consolidated financial statements</FONT></TD>
</TR>
</TABLE>


<TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=762>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=13>
<P ALIGN="CENTER"><B><FONT FACE="Courier New" SIZE=2>FIRST GEORGIA HOLDING, INC.</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=13>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">CONSOLIDATED CASH FLOW STATEMENTS</B></FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="34%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">SIX MONTHS ENDED </FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="34%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">MARCH 31, </FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">2000</FONT></TD>
<TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">1999</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>OPERATING ACTIVITIES:</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Net income</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 1,218,674</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,042,303</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Adjustments to reconcile net income</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>to net cash provided by operations:</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Provision for loan losses</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">90,000</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">56</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Depreciation and amortization</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">522,742</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">256,765</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Amortization of intangibles</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">47,814</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">55,860</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Amortization of deferred loan fees</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(12,426)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(66,409)</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Gain on sale of real estate owned</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(16,316)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(17,119)</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Decrease in FHLB stock</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(54,800)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>(Increase) decrease in accrued interest receivable</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(176,898)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">131,153</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Increase in other assets</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">465,194</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">794,877</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Decrease in accrued expenses and liabilities</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(266,994)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(1,921,168)</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Net Cash Provided By Operating Activities</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,816,990</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">276,318</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>INVESTING ACTIVITIES:</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Principal payments received on mortgage-backed securities</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">957,890</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,479,300</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Maturities of investment securities</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">200,000</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Purchase of investment securities</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(1,023,095)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(6,132,363)</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Loan originations, net of principal repayments</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(23,229,317)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(8,006,094)</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Purchase of premises and equipment</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(1,004,060)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(429,978)</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Proceeds from the sale of real estate owned</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">502,187</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">217,534</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Net Cash Used By Investing Activities</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(23,596,395)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(11,871,601)</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>FINANCING ACTIVITIES:</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Net increase in deposits</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">34,649,657</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">13,465,117</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Proceeds from other borrowings</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2,000,000</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Proceeds from FHLB advances</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">3,200,000</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Repayments of FHLB advances</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(4,000,000)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(4,200,000)</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Cash dividends paid ($0.06 and $0.08 per share, respectively)</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(287,935)</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(287,938)</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Net Cash Provided by Financing Activities</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><DIR>

<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">32,361,722</DIR>
</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">12,177,179</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Increase In Cash and Cash Equivalents</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">10,582,317</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">581,896</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Cash and cash equivalents at beginning of year</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,202,566</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">17,710,166</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P>Cash and cash equivalents at end of quarter</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 17,784,883</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">18,292,062</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=14><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Supplemental disclosure of cash paid during the year for:</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Interest</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 4,392,191 </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 4,068,745</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Income Taxes</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">615,000</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">813,000</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 5,007,191</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 4,881,745</FONT></TD>
</TR>
<TR><TD WIDTH="85%" VALIGN="TOP" COLSPAN=3 HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P>Supplemental disclosure of non-cash activities:</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=14><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Loans transferred to real estate owned</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 666,329</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 91,807</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Sale of real estate owned financed by bank</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 759,112</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">47,717</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 1,425,441</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$ 139,524</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P>See accompanying notes to consolidated financial statements</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2><P ALIGN="JUSTIFY"> </P>
<P ALIGN="CENTER">FIRST GEORGIA HOLDING, INC.</P>
<P ALIGN="CENTER">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</P>
<P ALIGN="CENTER">(1) 	BASIS OF PRESENTATION</P>
<P>In the opinion of Management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly the financial position of First Georgia Holding, Inc. as of March 31, 2000 and September 30, 1999. Also
included are the results of its operations and changes in financial position for the three and six months ended March 31, 2000 and 1999. The results of operations for the interim periods presented are not necessarily indicative of the results to be
expected for
 the full year.</P>
<P>The consolidated financial statements include the accounts of the Company and the Bank. All significant intercompany balances and transactions have been eliminated in consolidation.</P>
<P>For further information, refer to the consolidated financial statements and footnotes thereto included in the Bank's Annual Report to Shareholders, incorporated by reference into the Company's Form 10-KSB for the year ended September 30, 1999.</P>
<OL START=2>

<LI>EARNINGS PER SHARE</LI></OL>

<P>Earnings per share were calculated using the weighted average number of shares outstanding for the period. The diluted earnings per share takes into consideration the assumed increase in shares from the conversion of stock options as well.</P>
<P> </P>
<P> </P></FONT>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" CELLPADDING=2 WIDTH=716>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=13>
<P></TD>
<TD WIDTH="28%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Three Month Period Ended</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Six Month Period Ended</B></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">March 31,</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">March 31,</B></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">2000</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">1999</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">2000</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">1999</B></FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="TOP" COLSPAN=4 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Weighted average number of common</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Shares outstanding - Basic</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,198,371 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,198,458 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,198,371 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,198,418 </FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="TOP" COLSPAN=4 HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Incremental shares from the assumed</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P>Conversion of stock options</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">486,422 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">590,584 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">501,132 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">594,682 </FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=13><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P>Total - Diluted</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,684,793 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,789,042 </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,699,503 </FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">7,793,100 </FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2><P> </P>
<P> </P>
<P> </P>
<P>	The incremental shares from the assumed conversion of stock options were determined using the treasury stock method under which the assumed proceeds were equal to the amount that the Company would receive upon the exercise of the options plus the
amount of total benefit that would be credited to additional paid-in-capital assuming exercise of options. The assumed proceeds are used to purchase outstanding shares at the average market price during the period.</P>
<P>  </P>
<P ALIGN="JUSTIFY">(3) 	ALLOWANCE FOR LOAN LOSSES</P>
<P ALIGN="JUSTIFY">Changes in the allowance for loan losses are summarized as follows:</P>
<P ALIGN="JUSTIFY"> </P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" CELLPADDING=2 WIDTH=590>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=20>
<P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Six Months</B></FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Year Ended</B></FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">ended March</B></FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">September 30,</B></FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">31, 2000</B></FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">1999</B></FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Beginning balance</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,235,566 </FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">968,632 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Provision charged to operations</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">90,000 </FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">509,067 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Charge-offs</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(149,702)</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">(299,149)</FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Recoveries</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">32,896 </FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">57,016 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Courier New" SIZE=2><P>Balance, end of year</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,208,760 </FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,235,566 </FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT FACE="Courier New" SIZE=2><P ALIGN="JUSTIFY"> </P>
<P ALIGN="JUSTIFY"> </P>
<P ALIGN="JUSTIFY"> </P>
<P ALIGN="CENTER">FIRST GEORGIA </P>
<P ALIGN="CENTER">HOLDING, INC.</P>
<P ALIGN="CENTER">MANAGEMENT'S DISCUSSION AND ANALYSIS OF CONSOLIDATED</P>
<P ALIGN="CENTER">FINANCIAL CONDITION AND RESULTS OF OPERATIONS</P>
<P ALIGN="CENTER">LIQUIDITY</P>
<P>	First Georgia Bank (the Bank) has traditionally maintained levels of liquidity above the levels required by regulatory authorities. As a member of the Federal Home Loan Bank System, the Bank is required to maintain a daily average balance of cash
and eligible liquidity investments equal to a monthly average of 4% of withdrawable savings and short-term borrowings. The Bank's liquidity level was 6.27% and 5.88% at March 31, 2000 and September 30, 1999, respectively.</P>
<P>	The Bank's operational needs, demand for loan disbursements, and savings withdrawals can be met by loan principal and interest payments received, new deposits, and excess liquid assets. Significant loan demand, deposit withdrawal, increased
delinquencies, and increased real estate acquired in settlement of loans (REO) could alter this condition. Management does not foresee any liquidity problems for fiscal 2000.</P>
<P>CAPITAL RESOURCES</P>
<P>The following is reconciliation at March 31, 2000 of the Bank's equity capital to regulatory capital, under generally accepted accounting principles:</P>
<P>  </P></FONT>
<TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=515>
<TR><TD WIDTH="36%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<P><FONT FACE="Courier New" SIZE=2>First Georgia Bank</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=3 HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Stockholder's Equity</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$20,224,000 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="25%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Less:</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="25%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=3 HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Intangible assets</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">646,000 </FONT></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=3 HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Tangible Capital</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">19,578,000 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="25%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Plus:</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="25%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="73%" VALIGN="TOP" COLSPAN=4 HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Qualifying intangible assets</FONT></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">646,000 </FONT></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=3 HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Core Capital</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">20,224,000 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="25%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Plus:</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="25%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=3 HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Supplemental Capital</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,208,000 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="25%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Less:</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="25%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=3 HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P>Deducted Capital</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">543,000 </FONT></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=3 HEIGHT=20>
<FONT FACE="Courier New" SIZE=2><P>Risk-based Capital</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="28%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$20,889,000 </FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2><P>Current regulations require institutions to keep minimum regulatory tangible capital equal to 1.5% of adjusted assets, minimum core capital to adjusted assets of 3% (the leverage ratio), and risk-based capital to
risk-adjusted assets of 8%. The Office of Thrift Supervision (the OTS) may increase the minimum core capital, or leverage ratio, based on its assessment of the institution's risk management systems and the level of total risk in the individual
institution. At Mar
ch 31, 2000, the bank met all three capital requirements.</P>
<P>The Bank's regulatory capital and the required minimum amounts at March 31, 2000 are summarized as follows:</P></FONT>
<TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=689>
<TR><TD WIDTH="16%" VALIGN="TOP" HEIGHT=20>
<P></TD>
<TD WIDTH="10%" VALIGN="MIDDLE" HEIGHT=20><P></P></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=20><P></P></TD>
<TD WIDTH="28%" VALIGN="MIDDLE" COLSPAN=2 HEIGHT=20>
<B><U><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Required Minimum</B></U></FONT></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=20><P></P></TD>
<TD WIDTH="19%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP" HEIGHT=24><P></P></TD>
<TD WIDTH="29%" VALIGN="MIDDLE" COLSPAN=2 HEIGHT=24>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Bank Capital</B></FONT></TD>
<TD WIDTH="28%" VALIGN="MIDDLE" COLSPAN=2 HEIGHT=24>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Amount</B></FONT></TD>
<TD WIDTH="28%" VALIGN="MIDDLE" COLSPAN=2 HEIGHT=24>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Excess (Deficiency)</B></FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">%</B></FONT></TD>
<TD WIDTH="19%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">$</B></FONT></TD>
<TD WIDTH="9%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">%</B></FONT></TD>
<TD WIDTH="19%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">$</B></FONT></TD>
<TD WIDTH="9%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">%</B></FONT></TD>
<TD WIDTH="19%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">$</B></FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P>Tangible Capital:</FONT></TD>
<TD WIDTH="10%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">8.25%</FONT></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">19,578,000 </FONT></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1.50%</FONT></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">3,561,000 </FONT></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6.75%</FONT></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">16,017,000 </FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P>Core Capital:</FONT></TD>
<TD WIDTH="10%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">8.51%</FONT></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">20,224,000 </FONT></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4.00%</FONT></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">9,520,000 </FONT></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4.50%</FONT></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">10,703,000 </FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P>Risk-Based Capital:</FONT></TD>
<TD WIDTH="10%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">10.12%</FONT></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">20,889,000 </FONT></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">8.00%</FONT></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">16,515,000 </FONT></TD>
<TD WIDTH="9%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2.12%</FONT></TD>
<TD WIDTH="19%" VALIGN="MIDDLE" HEIGHT=33>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">4,371,000 </FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2><P> </P>
<P>	The Federal Deposit Insurance Corporation Improvement Act (FDICIA) required the Federal banking agencies to take "prompt corrective action" in respect to institutions that do not meet minimum capital requirements. Along with the ratios described
above, FDICIA also introduced an additional capital measurement, the Tier 1 risk-based capital ratio. The Tier 1 ratio is the ratio of Tier 1 or core capital to total risk-adjusted assets. FDICIA establishes five capital tiers: "well capitalized,"
"adequatel
y capitalized," "undercapitalized," "significantly undercapitalized," and "critically undercapitalized." The regulators summarize their minimum requirements for the five capital tiers established by the FDICIA as follows:</P></FONT>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=655>
<TR><TD WIDTH="37%" VALIGN="TOP">
<P> </TD>
<TD WIDTH="24%" VALIGN="TOP">
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Tier 1 Risk-Based Capital Ratio</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Risk-Based Capital Ratio</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Leverage Ratio</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="MIDDLE" HEIGHT=25>
<FONT FACE="Courier New" SIZE=2><P>Well Capitalized</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=25>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">10% or above</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=25>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">6% or above</FONT></TD>
<TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=25>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">5% or above</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="MIDDLE" HEIGHT=37>
<FONT FACE="Courier New" SIZE=2><P>Adequately Capitalized</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=37>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">8% or above</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=37>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">4% or above</FONT></TD>
<TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=37>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">4% or above</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="MIDDLE" HEIGHT=28>
<FONT FACE="Courier New" SIZE=2><P>Undercapitalized</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=28>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Less than 8%</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=28>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Less than 4%</FONT></TD>
<TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=28>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Less than 3%</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="MIDDLE" HEIGHT=31>
<FONT FACE="Courier New" SIZE=2><P>Significantly Capitalized</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=31>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Less than 6%</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=31>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Less than 3%</FONT></TD>
<TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=31>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Less than 3%</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Courier New" SIZE=2><P>Critically Undercapitalized</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-----------------</FONT></TD>
<TD WIDTH="24%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">-----------------</FONT></TD>
<TD WIDTH="16%" VALIGN="MIDDLE" HEIGHT=40>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">2% or less</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2><P> </P>
<P>An unsatisfactory examination rating may cause an institution's capitalization category to be lower than suggested by its actual capital position. </P>
<P>At March 31, 2000, the Bank's Tier 1 risk-based capital ratio was 9.80%. If a depository institution should fail to meet its regulatory capital requirements, regulatory agencies can require submission and funding of a capital restoration plan by the
institution, place limits on its activities, require the raising of additional capital, and ultimately require the appointments of a conservator or receiver for the institution.</P>
<P>The Bank's capital position changed during the quarter ended March 31, 1999. Total capital as well as tangible capital, core capital, and risk-based capital continued to increase during the quarter. The mix of risk-based assets and additional earnings
are the primary factors for this increase.</P>
<P ALIGN="CENTER">RESULTS OF OPERATIONS</P>
<P ALIGN="CENTER">INTEREST INCOME</P>
</FONT><FONT SIZE=2><P>	</FONT><FONT FACE="Courier New" SIZE=2>Interest income on loans increased $962,746, or 27.08%, for the three-month period ended March 31, 2000 and $1,655,746, or 23.28% for the six-month period ended March 31, 2000 as compared
to the same period in 1999. The Company has been aggressive in attracting new loan business while competition for loans remains strong and loan demand is still steady in the marketplace. However, the Bank continues to be selective in the loans that it makes
, as evidenced by its low real estate owned balances. Base interest rates increased during the quarter, which increased interest income. Despite increased rates, management expects loan demand to maintain healthy levels. Interest on investments decreased
$17,544, or 7.04% for the quarter and $16,581 or 3.51% for the six-month period ended March 31, 2000 compared to the same periods ended March 31, 1999. As the Bank's loan balance grew, Management did not increase its investment holdings. Average investment balances decreased approximately $907,000 from March 31, 2000 as compared to March 31, 1999. Interest on Federal funds sold for the quarter ended March 31, 2000 decreased $69,838, or 51.43% as compared to the same quarter ended March 31, 1999. For the
six-month period ended March 31, 2000, interest on Federal funds sold decreased $236,231, or 77.32% as compared to the same period ended March 31, 1999. This decrease is primarily due to the first three months of the period in which Federal funds were
purcha
sed nightly for an extended period. These purchases decreased the interest income that was earned during the last three months of the period, in which Federal funds were sold on a regular basis. In a trend continued from the prior fiscal year, the Bank
has seen tremendous growth in its deposit balances. The Bank is offering new deposit products, such as free checking, which has been accepted favorably in the marketplace. Consequently, the Bank has been able to invest money into short-term earning
vehicles,
 such as overnight Federal funds.</P>
<P>INTEREST EXPENSE</P>
<P>Interest on deposits increased $326,318 for the quarter ended March 31, 2000 and $269,048 (7.04%) for the six-month period ended March 31, 2000 as compared to the same period in 1999. Average deposit balances increased approximately $30 million in the
six-month period from September 30, 1999 to March 31, 2000. The market place in which the Bank operates is extremely conducive to deposit growth, and the Bank has positioned its deposit products to take full advantage of the area's deposit demand. Interest on borrowings decreased $188 or .16% for the quarter and increased $54,396, or 22.03% for the six-month period ending March 31, 2000. During the first three months of the year, the Bank was borrowing Federal funds daily. This explains the increase in
interest expense over the year. The Bank has been able to sell Federal funds for the last three months of the period, resulting in a decrease in interest expense for the three months ended March 31, 2000 over the same period in 1999. The increased flow of
mon
ey into the Bank from deposits has made it possible to pay off several Federal Home Loan Bank advances and other borrowings.</P>
<P>NET INTEREST INCOME</P>
<P>Net interest income increased $549,954, or 28.42% for the quarter and $1,080,770, or 28.29% for the six-month period ended March 31, 2000 as compared to the same periods last year. While increases in loan balances offset by interest earning deposits
have contributed to the substantial increase, the increase in non-interest bearing deposits held by the Bank has been the deciding factor in the increase. Management believes this growth will continue throughout fiscal 2000.</P>
<P>PROVISION FOR LOAN LOSSES</P>
<P>The provision for loan losses for the six-month period ended March 31, 2000 totaled $90,000, increasing over the same period in 1999. The loan loss provision increased $60,000 for the quarter and increased $89,944 for the six months ended March 31,
2000 as compared to the same periods ended March 31, 1999. With the growth in loan volume and the increase in charge-offs over the same period in 1999, Management found it necessary to increase the loan loss provision. Net Interest Income after the
Provision
for Loan Losses for the quarter ended March 31, 2000 increased $489,954, or 25.32% from the same period last year and $990,825, or 25.93% for the six-month period ended March 31, 2000 over March 31, 1999.</P>
<P>OTHER INCOME</P>
<P>Other income for the quarter increased $97,393 or 18.25% from the same quarter the previous year and $88,746 or 7.60% for the six-month period ended March 31, 2000 as compared to the same period in the previous year. The main factor for this increase
was deposit service charges. As the volume of deposits increased, the fee income, such as service charges and insufficient funds fees, increased as well. Therefore, deposit service charges increased $151,322, or 48.61% for the quarter and $232,561, or
34.66
% for the six-month period ended March 31, 2000 compared to the same periods in the previous year.</P>
<P>OTHER EXPENSES</P>
<P>Other expenses for the quarter ended March 31, 2000 increased $302,104, or 17.54%, over the quarter ended March 31, 1999. Other expenses for the six-month period ended March 31, 2000 increased $702,485, or 21.07%, over the six-month period ended March
31, 1999. Salaries and employee benefits increased $124,756, or 14.92% in the three-month period ending March 31, 2000 over the same period ended March 31, 1999, and $278,615, or 17.01% for the six-month period ended March 31, 2000 over the same period last year. The Bank has added several new employees to help with the growth the Bank is experiencing. Management does not foresee any extraordinary hiring concerns for the remainder of the year. Premises and occupancy costs increased $169,282 or 53.32% for
the quarter ended March 31, 2000 over the quarter ended March 31, 1999. Premises and occupancy expenses increased $347,669 or 58.77% over the six-month period ended March 31, 2000 as compared to the same period last year last year. This increase results
fro
m additional computer, phone, and other office equipment purchased. Other operating expenses increased $27,891, or 5.40%, for the quarter and $96,906, or 9.68% for the six-month period ended March 31, 2000 as compared to last year. This increase results
primarily from additional expenses related to the implementation of Internet banking services and the establishment of additional communication lines. </P>
<P>The Bank increased its provision for income taxes by $150,766, or 57.57% for the quarter and increased $200,815, or 32.80% for the six month-period ended March 31, 2000 as compared to the same periods in 1999. The effective tax rate remained consistent
at a rate of 40%.</P>
<P ALIGN="CENTER">FINANCIAL CONDITION</P>
<P>ASSETS</P>
<P>Cash and cash equivalents increased $10,582,317 or 146.92%, over the six-month period ended March 31, 2000. With the increase in transaction deposit accounts, the Bank has maintained higher cash and cash equivalents balances. Interest bearing deposits
in other banks decreased $130,511 for the six months ended March 31, 2000 and Federal funds sold increased $10,340,000 over the same period. Investment balances decreased $159,637, or 1.11%, for the six months ended March 31, 2000. The Bank is quickly turning new deposit balances into new loan disbursements. Premises and equipment increased $506,159, or 10.33% resulting from the purchase of new computer equipment. Other assets decreased $53,195 over the six-month period ended March 31, 2000. This decrease
is primarily due to a $60,000 decrease in the cash letter adjustments account.</P>
<P>Loans receivable increased 22,776,544, or 13.15% as of the six months ended March 31, 2000 over September 30, 1999. The Bank has been aggressive, yet selective, in attracting new loan business. Loan demand is steady, and the Bank has been successful in
drawing strong, safe loans to the Bank. Although loans receivable have increased over the period ended March 31, 2000, the provision for loan losses has decreased approximately $26,000. This decrease is due a greater amount of loans being charged-off duri
ng the period than were allowed for. Net charge-offs were $116,805 and the transfer to provision for loan losses was $90,000. The Bank's loan portfolio at March 31, 2000 and September 30, 1999 is summarized as follows:</P>
<P> </P>
<P> </P></FONT>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" CELLPADDING=2 WIDTH=538>
<TR><TD VALIGN="TOP" COLSPAN=4 HEIGHT=16>
<P ALIGN="CENTER"><B><FONT FACE="Courier New">LOANS RECEIVABLE</B></FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">3/31/00</B></FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">9/30/99</B></FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>Real estate mortgage loans</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">117,659,638 </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">108,769,658 </FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP" COLSPAN=2 HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>Real estate construction loans</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">43,300,296 </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">33,644,439 </FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>Consumer loans</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">16,113,718 </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">14,801,585 </FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>Commercial and other loans</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">20,354,748 </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">17,480,590 </FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">197,428,398 </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">174,696,272 </FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>Less:</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>Deferred loan fees</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">190,440 </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">202,866 </FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP" COLSPAN=2 HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>Unearned interest income</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">56,064 </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">61,250 </FONT></TD>
</TR>
<TR><TD WIDTH="60%" VALIGN="TOP" COLSPAN=2 HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>Allowance for loan losses</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,208,760 </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,235,566 </FONT></TD>
</TR>
<TR><TD WIDTH="44%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">195,973,135 </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">173,196,591 </FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2><P> </P>
<P>ALLOWANCE FOR LOAN LOSSES</P>
<P>	Management conducts an extensive review of the provision for loan losses on a monthly basis. Additions to the allowance for loan losses are charged to operations based upon management's evaluation of the potential losses in its portfolio. This
evaluation considers the estimated value of the underlying collateral and such other factors as, in management's judgement, deserve recognition under existing economic conditions. While management uses the best information available to make evaluations,
future
 adjustments to the allowance may be necessary if conditions differ substantially from the assumptions used in making the evaluations. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the
Bank's allowances for loan losses on loan and real estate owned. Such agencies may require the bank to recognize additions to the allowances based on their judgements of information available to them at the time of their examination.</P>
<P> </P>
<P>A loan is considered impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Bank's impaired loans include non-accrual loans, troubled debt restructurings,
and large loans more than 90 days delinquent in which full payment of principal and interest is not expected. Cash receipts on impaired loans are used to reduce principal balances. Impairment losses are included in the allowance for loan losses through a
cha
rge to the provision for loan losses. Impairment losses are measured by the present value of expected future cash flows discounted at the loan's effective interest rate, or at either the loan's observable market price or the fair value of the collateral.
Adjustment to impairment losses due to changes in the fair market value of an impaired loan's underlying collateral are included in the provision for losses. Upon disposition of an impaired loan, any related valuation allowance is reversed through a charge-off to the allowance for loan losses. </P>
<P>Large groups of smaller homogenous loans (consumer loans) are collectively evaluated for impairment. Commercial loans and larger balance real estate and other loans are individually evaluated for impairment. </P>
<P>The following tables illustrate the Bank's allowance for loan losses and its problem loans. </P>
<P> </P>
<P> </P>
<P> </P></FONT>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" CELLPADDING=2 WIDTH=663>
<TR><TD VALIGN="TOP" COLSPAN=5 HEIGHT=19>
<P ALIGN="CENTER"><B><FONT FACE="Bookman Old Style" SIZE=2>ANALYSIS OF NON-ACCRUING AND PAST DUE LOANS</B></FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">03/31/00 </B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">09/30/99 </B></FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Bookman Old Style" SIZE=2><P>Non-accruing Loans</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Mortgage</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>$ </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">1,840,020 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">$ </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">1,987,393 </FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Consumer</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">66,822 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">21,672 </FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Total non-accruing loans</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">1,906,842 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">2,009,065 </FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Bookman Old Style" SIZE=2><P>Past Due Loans</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Real estate</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Construction</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Mortgage</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Consumer</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Total past due loans</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Bookman Old Style" SIZE=2><P>Total non-accruing</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=21>
<B><FONT FACE="Bookman Old Style" SIZE=2><P>and past due loans</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">1,906,842 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">$ </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">2,009,065 </FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P>Percentage of total loans</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">0.97%</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">1.16%</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Real estate acquired</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P>through foreclosure</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">114,328 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">$ </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">225,000 </FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Bookman Old Style" SIZE=2><P>Total non-accruing, past due</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=21>
<B><FONT FACE="Bookman Old Style" SIZE=2><P>loans, and non-performing assets.</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">2,021,170 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">$ </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">2,234,065 </FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2><P> </P>
<P> </P>
<P> </P></FONT>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" CELLPADDING=2 WIDTH=590>
<TR><TD VALIGN="TOP" COLSPAN=5 HEIGHT=20>
<P ALIGN="CENTER"><B><FONT FACE="Bookman Old Style" SIZE=2>ANALYSIS OF ALLOWANCE FOR LOAN LOSSES</B></FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">03/31/00 </B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<B><FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">09/30/99 </B></FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Beginning balance</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">1,235,566 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>$ </FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">968,632 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Loans charged-off:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Real estate construction</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">107,090 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Real estate mortgage</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">26,023 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">56,589 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Consumer and other</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">16,589 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">242,560 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Total charge offs</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">149,702 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">299,149 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Recoveries:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Real estate construction</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="CENTER">- </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Real estate mortgage</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">8,160 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">860 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Consumer and other</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">24,737 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">56,156 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Total recoveries</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">32,897 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">57,016 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Net charge-offs</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">116,806 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">242,133 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Provision charged to operations</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">90,000 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">509,067 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P>Balance at end of period</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">1,208,760 </FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P>$ </FONT></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">1,235,566 </FONT></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=20>
<FONT FACE="Bookman Old Style" SIZE=2><P>Ratio of net charge-offs to </FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P>average loans outstanding</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">0.06%</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=21>
<FONT FACE="Bookman Old Style" SIZE=2><P ALIGN="RIGHT">15.00%</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2><P>LIABILITIES</P>
</FONT><FONT SIZE=2><P>	</FONT><FONT FACE="Courier New" SIZE=2>Deposits have increased $34,649,657 or 20.01%, for the six-month period ended March 31, 2000. The Bank has been working hard to increase its market share of deposits in Glynn County. This
increase reflects that First Georgia has been fairly successful in soliciting new deposit business. With the increase of deposit balances, the Bank has paid off several of its Federal Home Loan Bank advances, as evidenced by the decrease of $2,000,000, or 2
3.26%. Much of this money was replaced with the inflow of non-interest bearing deposits. Other borrowings increased $2,000,000 from September 30, 1999. In an effort to raise capital, an agreement was entered into with the Banker's Bank and First Georgia
Holding Co., Inc. for a line of credit of $3,000,000 of which $2,000,000 was drawn from the Holding Company and infused into the Bank in order to bring the Bank to the regulatory well-capitalized status by March 31, 2000.</P>
<P>Accrued expenses and other liabilities decreased $1,971,135, or 42.13% during the six-month period ended March 31, 2000. The decrease is primarily attributable to a $2,860,000 decrease in the Federal funds purchased account offset by an increase in
accrued expenses resulting from the growth of the Bank. The Bank has recently been selling federal funds due to an increase in deposits. Accrued interest payable increased $116,139, or 22.43% for the six-month period ended March 31, 2000. This is due to
an in
crease of approximately $30 million in average interest earning deposits over the six-month period. </P>
<P ALIGN="CENTER">PART II</P>
<P>ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS</P><DIR>
<DIR>
<DIR>
<DIR>

<P>First Georgia Holding, Inc., held its annual meeting January 18, 2000. The following votes were taken:</P>
<P>Proposal 1: Election of B.W. Bowie, Terry Driggers, and Roy K. Hodnett as directors. </P>
<P>B.W. Bowie</P></DIR>
</DIR>
</DIR>
</DIR>
</FONT>
<P ALIGN="CENTER"><CENTER><TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=390>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=19>
<P><FONT FACE="Courier New" SIZE=2>FOR</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=19>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6,942,566 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=24>
<FONT FACE="Courier New" SIZE=2><P>WITHHOLD AUTHORITY</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=24>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">330 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=18>
<FONT FACE="Courier New" SIZE=2><P>WITHHOLD AUTHORITY FOR</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=18><P></P></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>PARTICULAR DIRECTOR</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6,942,896 </FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER"> </P>
<P> </P>
<P> </P><DIR>
<DIR>
<DIR>
<DIR>

<P>Terry K. Driggers</P></DIR>
</DIR>
</DIR>
</DIR>
</FONT>
<P ALIGN="CENTER"><CENTER><TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=390>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16>
<P><FONT FACE="Courier New" SIZE=2>FOR</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6,942,566 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>WITHHOLD AUTHORITY</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">330 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>WITHHOLD AUTHORITY FOR</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>PARTICULAR DIRECTOR</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6,942,896 </FONT></TD>
</TR>
</TABLE>
</CENTER></P>
<DIR>
<DIR>
<DIR>
<DIR>

<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">	</P>
<P> </P>
<P> </P>
<P>Roy K. Hodnett</P></DIR>
</DIR>
</DIR>
</DIR>
</FONT>
<P ALIGN="CENTER"><CENTER><TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=390>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16>
<P><FONT FACE="Courier New" SIZE=2>FOR</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6,942,566 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>WITHHOLD AUTHORITY</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">330 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>WITHHOLD AUTHORITY FOR</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P>PARTICULAR DIRECTOR</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="43%" VALIGN="TOP" HEIGHT=16>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6,942,896 </FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER"> </P>
<P> </P>
<P> </P>
<P> </P><DIR>
<DIR>
<DIR>
<DIR>

<P>The directors terms who continued after the meeting are as follows:</P>
<P>Henry S. Bishop, M. Frank Deloach, III, E. Raymond Mock, James D. Moore,</P>
<P>D. Lamont Shell</P>
<P> </P></DIR>
</DIR>
</DIR>
</DIR>

<P>ITEM 5. OTHER INFORMATION</P><DIR>
<DIR>

<P>In the first quarter of fiscal 2000, the Bank had began construction on a new branch located adjacent to the Colonial Place Mall. Construction was completed and operations began in the new branch in April of 2000. This branch will service our customers
living in that market area as well as attracting merchant business in the major shopping hub of Glynn County. As a result of the new location, the Wal-Mart office was closed during the month of April. All current customers were transferred to the mall bra
nch.</P></DIR>
</DIR>

<P>ITEM 6.	EXHIBITS AND REPORTS ON FORM 8K</P>
<OL TYPE="A">
<OL TYPE="A">
<OL TYPE="A">

<LI>Exhibits. </LI></OL>
</OL>
</OL>
<DIR>
<DIR>
<DIR>
<DIR>

<P>The following exhibit is filed with this report.</P></DIR>
</DIR>

<P>	<U>Exhibit No.</U>	<U>Description</P>
</U><P>	27.1	Financial Data Schedule (for SEC use only)</P><DIR>
<DIR>

<P>B. Reports on Form 8-K</P>
<P> </P>
<P>The Bank filed no reports on Form 8-K for the quarter ended </P>
<P>March 31, 2000.</P>
<P ALIGN="CENTER"> </P></DIR>
</DIR>
</DIR>
</DIR>

<P ALIGN="CENTER">SIGNATURES</P>
<P>In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P> </P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>

<P>DATE: ______________________	BY: __________________</P>
<P>					 G. Fred Coolidge III</P>
<P>				 Secretary and Treasurer </P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>

<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P>					</P>
<P> </P>
<P> </P>
<P> </P></FONT></BODY>
</HTML>