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<TITLE>FORM 10-QSB</TITLE>
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<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER"><A NAME="BM_1_"></A>FORM 10-QSB</P>
<P ALIGN="CENTER"></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>December 31, 1999</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>
<P ALIGN="CENTER"></P></B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=655>
<TR><TD WIDTH="52%" VALIGN="TOP">
<B><U><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Georgia</B></U></FONT></TD>
<TD WIDTH="48%" VALIGN="TOP">
<B><U><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">58-1781773</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="MIDDLE">
<B><FONT FACE="Courier New" 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 FACE="Courier New" SIZE=2><P ALIGN="CENTER">(IRS Employer Identification No.)</B></FONT></TD>
</TR>
</TABLE>

<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER"></P>
<P> </P>
<P ALIGN="CENTER">1703 Gloucester Street</P>
<U><P ALIGN="CENTER">Brunswick, Georgia 31520</P>
</U><P ALIGN="CENTER">(Issuer's Address)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER"> <U>(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 December 31, 1999.</P>

<P> </P>
<P ALIGN="CENTER">7,198,371</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER"> </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="83%" VALIGN="TOP"> </TD>
<TD WIDTH="17%" VALIGN="TOP">
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Page</B></FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP">
<B><FONT FACE="Courier New" SIZE=2><P>Consolidated Balance Sheets as of </P>
<P>  December 31, 1999 and September 30, 1999</B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">3</B></FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP">
<B><FONT FACE="Courier New" SIZE=2>
<P>Consolidated Income Statements for the Three Months Ended</P>
<P>  December 31, 1999 and December 31, 1998</B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">4</B></FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP">
<B><FONT FACE="Courier New" SIZE=2>
<P>Consolidated Cash Flow Statements for the Three Months Ended</P>
<P>  December 31, 1999 and December 31, 1998</B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">5</B></FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP">
<B><FONT FACE="Courier New" SIZE=2>
<P>Notes to Consolidated Financial Statements </B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">6</B></FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP">
<B><FONT FACE="Courier New" SIZE=2>
<P>Management's Discussion and Analysis of Consolidated </P>
<P> Statements of Financial Condition and Results of Operations</B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<B><FONT FACE="Courier New" 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"></P>
<P ALIGN="CENTER">Part II</B></FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP">
<B><FONT FACE="Courier New" SIZE=2>
<P>Item 6.   Exhibits and Reports on Form 8-K</B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">14</B></FONT></TD>
</TR>
<TR><TD WIDTH="83%" VALIGN="TOP"> </TD>
<TD WIDTH="17%" VALIGN="BOTTOM"> </TD>
</TR>
</TABLE>

<B><FONT FACE="Courier New" SIZE=2>
<P> </P>
<P> </P>
<P> </P></B></FONT>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" WIDTH=820>
<TR><TD VALIGN="BOTTOM" COLSPAN=9 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">FIRST GEORGIA HOLDING, INC.</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=9 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">CONSOLIDATED BALANCE SHEETS</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=9 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">(UNAUDITED)</B></FONT></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P>Assets:</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">12/31/99</B></FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P>       09/30/99</B></FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Cash and cash equivalents:</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  Cash and due from banks</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    7,630,166 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    6,741,939 </FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  Interest bearing deposits in other banks</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      291,511 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      460,627 </FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Cash and cash equivalents</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    7,921,677 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    7,202,566 </FONT></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Investment securities to be held to maturity,</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P> fair value approximately $13,175,000 at </FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P> December 31, 1999 and $13,966,007 at </FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P> September 30, 1999.</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   13,714,424 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   14,442,058 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Loans receivable, net </FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  185,968,860 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  173,196,591 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Real estate owned</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      114,328 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      225,000 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Federal Home Loan Bank stock, at cost </FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      837,500 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      837,500 </FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Premises and equipment, net</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    5,027,732 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    4,900,601 </FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Accrued interest receivable</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    1,327,428 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    1,205,599 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Intangible assets, net </FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      669,374 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      693,281 </FONT></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Other assets </FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    1,070,901 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    1,592,385 </FONT></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>  216,652,224 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>  204,295,581 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P>Liabilities and Stockholders' Equity</B></FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P>Liabilities:</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>     Deposits </FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  183,630,749 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  173,174,361 </FONT></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>     Federal Home Loan Bank advances </FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   10,600,000 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    8,600,000 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>     Other borrowings</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    1,840,000 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>     Accrued interest payable</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      564,713 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      517,739 </FONT></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>     Accrued expenses and other liabilities </FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    2,092,519 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    4,678,970 </FONT></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  198,727,981 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  186,971,070 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P>Stockholders' Equity </B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="BOTTOM" COLSPAN=7 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Common stock, $1.00 par value.  10,000,000 shares </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="75%" VALIGN="BOTTOM" COLSPAN=8 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P> authorized;  7,198,371 and 7,198,371 shares issued </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="47%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P> and outstanding at December 31, 1999 and </FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="40%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P> September 30, 1999, respectively.</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    7,198,371 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    7,198,371 </FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Additional paid-in capital</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      715,740 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      715,740 </FONT></TD>
</TR>
<TR><TD WIDTH="22%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Retained earnings </FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   10,010,132 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    9,410,400 </FONT></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   17,924,243 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   17,324,511 </FONT></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>  216,652,224 </FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>  204,295,581 </FONT></TD>
</TR>
<TR><TD WIDTH="75%" VALIGN="BOTTOM" COLSPAN=8 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>See accompanying notes to consolidated financial statements.</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
</TABLE>

<B><FONT FACE="Courier New" SIZE=2></B></FONT>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" WIDTH=718>
<TR><TD VALIGN="BOTTOM" COLSPAN=9 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">FIRST GEORGIA HOLDING, INC.</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=9 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">CONSOLIDATED INCOME STATEMENTS</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=9 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">(UNAUDITED)</B></FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="35%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER"> Three Months Ended </B></FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">12/31/99</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">12/31/98</B></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P>Interest Income:</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="27%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Loans</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    4,249,064 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    3,556,064 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Interest on Federal funds sold</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">        3,353 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      169,745 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Interest on investments</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      223,635 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      222,671 </FONT></TD>
</TR>
<TR><TD WIDTH="27%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Other </FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          993 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          434 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      Total interest income</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    4,477,045 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    3,948,914 </FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P>Interest Expense:</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="27%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Deposits</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    1,875,907 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    1,933,177 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Advances and other borrowings</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      184,622 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      130,039 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      Total interest expense</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    2,060,529 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    2,063,216 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      Net interest income</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    2,416,516 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    1,885,698 </FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Provision for Loan losses </FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       30,000 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">           56 </FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=7 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Net interest income after provision for loan losses</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    2,386,516 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    1,885,642 </FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="27%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Other Income:</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Loan servicing fees</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      134,873 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      206,638 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Deposit service charges</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      440,901 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      359,662 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Gain on sale of foreclosed property</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       16,316 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       16,193 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Other operating income</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       33,287 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       51,431 </FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>     Total other income</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      625,377 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      633,924 </FONT></TD>
</TR>
<TR><TD WIDTH="27%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Other Expenses:</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Salaries and employee benefits </FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      955,841 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      801,982 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Premises and occupancy costs</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      452,523 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      274,136 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Amortization of intangibles</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       23,907 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       27,930 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Federal insurance premiums</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       25,124 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">        4,500 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Other operating expenses</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      554,320 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      502,785 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      Total other expenses</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    2,011,715 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    1,611,333 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>      Income before income taxes</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    1,000,178 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      908,233 </FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="27%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Income taxes</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      400,434 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      350,385 </FONT></TD>
</TR>
<TR><TD WIDTH="27%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>    Net Income</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=22><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      599,744 </FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      557,848 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Income per share of common stock</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>    Basic</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=22><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0.08</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">         0.08 </FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>    Diluted</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=22><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0.08</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">         0.07 </FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=7 HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="82%" VALIGN="BOTTOM" COLSPAN=8 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>See accompanying notes to consolidated financial statements</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
</TABLE>

<B><FONT FACE="Courier New" SIZE=2></B></FONT>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" WIDTH=732>
<TR><TD VALIGN="BOTTOM" COLSPAN=10 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER"> </P>
<P ALIGN="CENTER">FIRST GEORGIA HOLDING, INC.</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=10 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">CONSOLIDATED CASH FLOW STATEMENTS</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=10 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">(UNAUDITED)</B></FONT></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="0%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="37%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER"> THREE MONTHS ENDED DECEMBER 31, </FONT></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="0%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">1999</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">1998</FONT></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>OPERATING ACTIVITIES:</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="0%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Net income</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="0%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      599,744 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">        557,848 </FONT></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Adjustments to reconcile net income</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    to net cash provided by (used in) operations:</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Provision for loan losses</FONT></TD>
<TD WIDTH="0%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       30,000 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">             56 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Depreciation and amortization</FONT></TD>
<TD WIDTH="0%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P> </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      270,970 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">         89,656 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Amortization of intangibles</FONT></TD>
<TD WIDTH="0%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       23,907 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">         27,930 </FONT></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=10>
<FONT FACE="Courier New" SIZE=2><P>    Amortization of deferred loan fees</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=10><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=10><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=10>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       (9,196)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=10>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       (23,219)</FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Gain on sale of REO</FONT></TD>
<TD WIDTH="0%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P> </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      (16,316)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       (16,193)</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=7 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Increase in accrued interest receivable</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">     (121,829)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       (71,675)</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Increase in other assets</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      521,484 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">         40,764 </FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="BOTTOM" COLSPAN=8 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Decrease in accrued expenses, taxes payable, accounts       payable, and other liabilities</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">     (699,488)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       (918,944)</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Net Cash Provided By (Used In) Operating Activities</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      599,276 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       (313,777)</FONT></TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>INVESTING ACTIVITIES:</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=7 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Principal payments received on mortgage-backed securities</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      711,114 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      1,376,272 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Purchase of investment securities</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P> </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          -   </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    (6,132,363)</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=7 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Loan originations, net of principal repayments</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P> </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">  (13,168,272)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    (4,864,647)</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Purchase of premises and equipment</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P> </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">     (381,581)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      (321,735)</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Proceeds from the sale of real estate </FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      502,187 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">        170,265 </FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Net Cash Used By Investing Activities</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">  (12,336,552)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">     (9,772,208)</FONT></TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>FINANCING ACTIVITIES:</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Net increase in deposits</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">   10,456,388 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      6,970,113 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Proceeds from FHLB advances</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P> </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">   2,000,000 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT"> 3,200,000 </FONT></TD>
</TR>
<TR><TD WIDTH="63%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>  Repayments of FHLB advances</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    (3,200,000)</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>    Net Cash Provided by Financing Activities</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT"></P>
<P ALIGN="RIGHT">12,456,388 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      6,970,113 </FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>Increase (decrease)In Cash And Cash Equivalents</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P> </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">      719,111 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">     (3,115,872)</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>Cash and Cash equivalents at beginning of year</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P> </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    7,202,566 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">     17,710,166 </FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P>Cash and cash equivalents at end of quarter</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">    7,921,677 </FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=1>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">     14,594,294 </FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=7 HEIGHT=25>
<FONT FACE="Courier New" SIZE=2><P>See accompanying notes to consolidated financial statements</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=25><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=25><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=25><P></P></TD>
</TR>
</TABLE>

<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER"></P>
</B><P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER">FIRST GEORGIA HOLDING, INC.</P>
<P ALIGN="CENTER">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</P>
<P ALIGN="CENTER"></P>
<P>(1)  	BASIS OF PRESENTATION</P>

<P> </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 December 31, 1999 and September 30, 1999.  Also
included are the results of its operations and changes in financial position for the three months ended December 31, 1999 and 1998.  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>

<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>
</FONT>
<P ALIGN="CENTER"><CENTER><TABLE BORDER CELLSPACING=1 WIDTH=504>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="46%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Three Month Period Ended</B></FONT></TD>
</TR>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="46%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">December 31,</B></FONT></TD>
</TR>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=27><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=27>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">2000</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=27><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=27>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">1999</B></FONT></TD>
</TR>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Weighted average number of common</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  shares outstanding - Basic</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P> 7,198,371 </FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  7,198,458 </FONT></TD>
</TR>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="74%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Incremental shares from the assumed</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>  conversion of stock options</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   510,878 </FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    553,867 </FONT></TD>
</TR>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>    Total - Diluted</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> 7,709,249 </FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>  7,752,325 </FONT></TD>
</TR>
<TR><TD WIDTH="54%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT FACE="Courier New" SIZE=2>
<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> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<LI>ALLOWANCE FOR LOAN LOSSES</LI>

<P>Changes in the allowance for loan losses are summarized as follows:</P>
</FONT>
<P ALIGN="CENTER"><CENTER><TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" WIDTH=546>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=29><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=29><P></P></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=29>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Three Months Ended December 31, 1999</B></FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=29>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Year Ended September 30, 1999</B></FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Beginning balance</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">         1,235,566 </FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          968,632 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Provision for loan losses</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            30,000 </FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          509,067 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Charge-offs</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">         (115,235)</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">         (299,149)</FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Recoveries</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            24,934 </FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            57,016 </FONT></TD>
</TR>
<TR><TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P>Balance, end of year</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,175,265 </FONT></TD>
<TD WIDTH="27%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,235,566 </FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT FACE="Courier New" SIZE=2>
<P> </P>
<LI>SUBSEQUENT EVENT</LI></OL>

<DIR>
<DIR>

<P>On December 20, 1999, the Company's Board of Directors declared a dividend of $0.04 per share to shareholders of record as of January 31, 2000, which will be paid on February 15, 2000.</P>

<P ALIGN="CENTER"> </P>
<P ALIGN="CENTER"> </P></DIR>
</DIR>

<P ALIGN="CENTER">FIRST GEORGIA 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>	The following discussion should be read in conjunction with the financial statements and related notes appearing elsewhere in this Form 10-Q</P>

<P>LIQUIDITY</P>

<P> </P>
<P>First Georgia Bank (the Bank) has traditionally maintained levels of liquidity above 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 5.39% and 5.88% at December 31, 1999 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 2000.</P>

</FONT><FONT FACE="Courier New"><P> </P>
</FONT><FONT FACE="Courier New" SIZE=2><P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P>CAPITAL RESOURCES</P>

<P>The following is a reconciliation at December 31, 1999 of the Bank's equity capital to regulatory capital, under generally accepted accounting principles:</P>
</FONT>
<TABLE BORDER CELLSPACING=1 WIDTH=432>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>First Georgia Bank</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Stockholder's Equity</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT"> $17,895,000 </FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Less:</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>    Intangible assets</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">669,000 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>        Tangible Capital</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">17,226,500 </FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Plus:</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="74%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Qualifying intangible assets</FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">669,000 </FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>        Core Capital</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">17,895,000 </FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Plus:</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Supplemental Capital</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,175,000 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>        Risk-based Capital</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT"> $19,070,500 </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 December 31, 1999, the Bank met a

ll three capital requirements.</P>

<P>The Bank's regulatory capital and the required minimum amounts at December 31, 1999 are summarized as follows:</P>
<P> 		</P></FONT>
<TABLE BORDER CELLSPACING=1 WIDTH=562>
<TR><TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">Required Minimum</B></FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=26><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=26>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">Bank Capital</B></FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=26>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">Amount</B></FONT></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=26>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">Excess (Deficiency)</B></FONT></TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">%</B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">%</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">%</B></FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">$</B></FONT></TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P>Tangible Capital:</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">7.98%</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">  17,226,500 </FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">1.50%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">                  3,239,760 </FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">6.48%</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">  13,986,740 </FONT></TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P>Core Capital:</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">8.26%</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">  17,895,500 </FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">4.00%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">                  8,666,000 </FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">4.26%</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">    9,229,500 </FONT></TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=35>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P>Risk-Based Capital:</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=35>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">9.92%</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=35>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">  19,070,500 </FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=35>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">8.00%</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=35>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">                15,380,000 </FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=35>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">1.92%</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=35>
<FONT FACE="DUTCH,Times New Roman" SIZE=2><P ALIGN="RIGHT">    3,690,500 </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=734>
<TR><TD WIDTH="25%" VALIGN="TOP" HEIGHT=38><P></P></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Tier 1 Risk-Based Capital Ratio</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Risk-Based Capital Ratio</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Leverage Ratio</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P>Well Capitalized</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">10% or above</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">6% or above</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">5% or above</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P>Adequately </P>
<P> Capitalized</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">8% or above</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New"><P ALIGN="RIGHT">4% or above</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New"><P ALIGN="RIGHT">4% or above</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P>Undercapitalized</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">Less than 8%</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">Less than 4%</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">Less than 3%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P>Significantly   </P>
<P> Undercapitalized</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">Less than 8%</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">Less than 4%</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">Less than 3%</FONT></TD>
</TR>
<TR><TD WIDTH="25%" VALIGN="TOP" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P>Critically </P>
<P> Undercapitalized</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">-------------</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">--------------</FONT></TD>
<TD WIDTH="25%" VALIGN="BOTTOM" HEIGHT=38>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">2% or less</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2>
<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 December 31, 1999, the Bank's Tier 1 risk-based capital ratio was 9.31%.  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 December 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"></P>
<P ALIGN="CENTER">RESULTS OF OPERATIONS</P>

<P>INTEREST INCOME</P>

<P>Interest income on loans increased $693,000, or 19.49%, for the three month period ended December 31, 1999 as compared to the same period in 1998. 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 foreclosed balances.  Base interest rates increased at the beginning of the quarter,
which i

ncreased the interest income.  Despite the increase in rates, Management expects loan demand to maintain healthy levels.   With the strong loan demand, Management has not maintained large Fed funds sold balances.  At December 31, 1998, the Bank was
accumulating cash to fund the sale of the Blackshear branch.  At December 31, 1999, the Bank utilized most of its cash to fund loans.  Therefore, interest on Fed funds sold decreased $166,000 or 98.02%.  Interest on investments remained fairly constant
between t

he two periods.  The increase in investment income was $964, or 0.43%.  As loan demand remained strong, the Bank invested proceeds received from pay downs on its securities in loan growth.  </P>

<P>INTEREST EXPENSE</P>

<P>Interest on deposits decreased $57,270 or 2.96% for the quarter ended December 31, 1999 as compared to the same period in 1998.  This decrease results primarily from the decrease in interest rates on deposits from the quarter ended December 31, 1998.
Although interest rates, in general, increased for the quarter ended December 31, 1999, they actually decreased from the quarter ended December 31, 1998 due to a special, including higher than average interest rates, the bank was promoting in 1998 to
attrac

t new deposits.  Interest on borrowings increased $54,583, or 41.97% for the quarter ending December 31, 1999 over the same quarter last year.  At the end of the previous fiscal year end and the beginning of this first quarter, loan growth outpaced
deposit growth.  Therefore, the Bank found it necessary to borrow Federal funds.  By the end of the quarter ended December 31, 1999, deposit growth had caught up with loan growth.</P>

<P> </P>
<P> </P>
<P> </P>
<P>NET INTEREST INCOME</P>

<P>Net Interest Income increased $530,818, or 28.15% for the quarter ended December 1999 over the same period ended December 31, 1998.  The substantial increase in loan balances is the main factor for this increase.</P>

<P>PROVISION FOR LOAN LOSSES</P>

<P> The provision for loan losses for the three-month period ended December 31, 1999 totaled $30,000, increasing over the same period in 1998. With the growth in loan volume and the increase in charge-offs over the same period in 1998, Management found it
necessary to increase the loan loss provision. Net Interest Income after the Provision for Loan Losses for the quarter ended December 31, 1999 increased $500,874, or 26.56% from the same period last year. </P>

<P>OTHER INCOME</P>

<P>Other Income for the quarter decreased $8,547, or 1.35% from the same quarter the previous year.  Loan servicing fees decreased 71,765, or 34.73% for the quarter ended December 31, 1999 as compared to the quarter ended December 31, 1998.   Fees earned
on brokered mortgage loans are down from last year.  The rate environment at the beginning of the quarter resulted in less brokered mortgage loans closed.  Deposit service charges increased $81,239 or 22.59% for the quarter ended December 31, 1999.  This i
ncrease is related to increased fee income, such as service charges and insufficient funds fees, resulting from an increase in deposits. Other operating income decreased $18,144, or 35.28% for the quarter ended December 31, 1999 as compared to the same
quarter last year. The Bank realized a gain on the sale of a piece of real estate acquired in settlement of a loan in the quarter ended December 31, 1998.  The Bank realized no such gain in the same quarter this year.</P>

<P>OTHER EXPENSES</P>

<P>Other expenses for the quarter ended December 31, 1999 increased $400,382, or 24.85%, over the quarter ended December 31, 1998.  In the first quarter of fiscal 2000, the Bank implemented a few projects to increase the level of customer service.
Internet banking was added and will be offered to customers in the second quarter.  A customer call center was also added to give customers a better response time to questions regarding their accounts.  With these new areas, the Bank incurred some
additional cos

ts. Salaries and employee benefits increased $153,859, or 19.18% in the three month period ending December 31, 1999 over December 31, 1998 as a result of additional personnel to service the internet banking and the call center. Premises and occupancy
costs increased $178,387 or 65.07% in the quarter ended December 31, 1999 over the same period last year.  Additional computer, phone, and other office equipment were added for the new customer service areas.  Other operating expenses increased $42,159,
or 8.1

9%, for the quarter as compared to the same quarter last year. This increase results primarily from additional expenses related to the Internet banking service and customer call center. Federal Insurance premiums for the quarter ended December 31, 1999
increased $20,624, or 458.31% from December 31, 1998.  These premiums are based on the size of a bank's deposit portfolio, which has increased approximately $14,000,000 between the two periods (excluding the $9,000,000 sold from the Blackshear office).</P>

<P>  The provision for income taxes increased by $50,049 or 14.28% for the quarter ended December 31, 1999 as compared to the same period in 1998.  The effective tax rate Management uses is consistent at a rate of 40%.</P>

<P> </P>
<P ALIGN="CENTER">FINANCIAL CONDITION</P>

<P>ASSETS</P>

<P>Cash and cash equivalents increased $719,111, or 9.98%, over the three month period ended December 31, 1999.  This increase results primarily from an increase in average balances on deposits. Investment balances decreased $727,634, or 5.04%, for the
three months ended December 31, 1999.  The Bank has focused on utilizing it's capital to increase it's loan portfolio. Premises and equipment increased $127,131, or 2.59%.  The Bank purchased additional equipment related to it's Internet banking service
and

customer call center.</P>

<P>Loans receivable increased $12,772,269, or 7.37% as of the three months ended December 31, 1999 over September 30, 1999.  The Bank has been aggressive, yet selective, in attracting new loan business.  Loan demand is steady, and the Bank has been
successful in drawing strong, safe loans to the Bank.  Loans receivable at December 31 and September 30, 1999 are summarized as follows:</P>
</FONT>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" WIDTH=522>
<TR><TD VALIGN="BOTTOM" COLSPAN=4 HEIGHT=22>
<B><FONT FACE="Courier New"><P ALIGN="CENTER">LOANS RECEIVABLE</B></FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">12/31/99</B></FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">9/30/99</B></FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Real estate mortgage loans</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">115,627,284 </FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">108,769,658 </FONT></TD>
</TR>
<TR><TD WIDTH="57%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Real estate construction loans</FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">38,600,480 </FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">33,644,439 </FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Consumer loans</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">16,203,060 </FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">14,801,585 </FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Commercial and other loans</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">16,966,346 </FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">17,480,590 </FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">187,397,170 </FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">174,696,272 </FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>Less:</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Deferred loan fees</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">193,670 </FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">202,866 </FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Unearned interest income</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">59,376 </FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">61,250 </FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P>   Allowance for loan losses</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=21><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,175,264 </FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=21>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1,235,566 </FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">185,968,860 </FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=22>
<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> </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 loan 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,
fut

ure 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 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>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

charge 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> </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" WIDTH=642>
<TR><TD VALIGN="BOTTOM" COLSPAN=4 HEIGHT=21>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">ANALYSIS OF NON-ACCRUING AND PAST DUE LOANS</B></FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">12/31/99 </B></FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">09/30/99 </B></FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P>Non-accruing Loans</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Real estate</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Construction</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Mortgage</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,777,494 </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,987,393 </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Consumer</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            12,629 </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            21,672 </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>  Total non-accruing loans</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,790,123 </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       2,009,065 </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P>Past Due Loans</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Real estate</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Construction</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Mortgage</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Consumer</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>   Total past due loans</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                    -   </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=23>
<B><FONT FACE="Courier New" SIZE=2><P>Total non-accruing and past due loans</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,790,123 </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       2,009,065 </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P>Percentage of total loans</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=23><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0.96%</FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">1.16%</FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Real estate acquired</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P> Through foreclosure</FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          114,328 </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          225,000 </FONT></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P>Total non-accruing, past due</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="46%" VALIGN="BOTTOM" HEIGHT=23>
<B><FONT FACE="Courier New" SIZE=2><P>loans, and nonperforming assets.</B></FONT></TD>
<TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,904,451 </FONT></TD>
<TD WIDTH="26%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       2,234,065 </FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P>
<P> </P></FONT>
<TABLE BORDER CELLSPACING=1 BORDERCOLOR="#000000" WIDTH=580>
<TR><TD VALIGN="BOTTOM" COLSPAN=4 HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">ANALYSIS OF ALLOWANCE FOR LOAN LOSSES</B></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Three Months Ended</B></FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">Year Ended</B></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">12/31/99 </B></FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<B><FONT FACE="Courier New" SIZE=2><P ALIGN="CENTER">09/30/99 </B></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Beginning balance</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,235,566 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          968,632 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Loans charged-off:</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Real estate construction</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          101,832 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                   -   </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Real estate mortgage</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">              6,781 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            56,589 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Consumer and other</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">              6,622 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          242,560 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>    Total charge offs</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          115,235 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          299,149 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Recoveries:</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Real estate construction</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                   -   </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                   -   </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Real estate mortgage</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">              3,968 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">                 860 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P> Consumer and other</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            20,966 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            56,156 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>   Total recoveries</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            24,934 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            57,016 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Net charge-offs</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            90,302 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          242,133 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Provision charged to operations</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">            30,000 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">          509,067 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P>Balance at end of period</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,175,265 </FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">       1,235,566 </FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=22>
<FONT FACE="Courier New" SIZE=2><P>Ratio of net charge-offs to </FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P> average loans outstanding</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=23><P></P></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">0.05%</FONT></TD>
<TD WIDTH="28%" VALIGN="BOTTOM" HEIGHT=23>
<FONT FACE="Courier New" SIZE=2><P ALIGN="RIGHT">15.00%</FONT></TD>
</TR>
</TABLE>

<FONT FACE="Courier New" SIZE=2>
<P>LIABILITIES</P>

<P>Deposits have increased $10,456,388, or 6.04%, for the three month period ended December 31, 1999. This increase reflects that First Georgia has been successful in its efforts to obtain new deposit business.  With the increase of loan balances, the
Bank increased its position in Federal Home Loan Bank advances, as evidenced by the increase of $2,000,000, or 23.26%.  Additionally, the Bank increased its federal funds purchased line by $1,840,000 from September 30, 1999 in an effort to fund new loan
growt

h. </P>

<P> </P>
<P> </P>
<P ALIGN="CENTER">PART II</P>

<P>ITEM 5.	OTHER INFORMATION</P>
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<P>In the first quarter of fiscal 2000, the Bank had began construction on a new branch located adjacent to the Colonial Place Mall.  This branch is expected to be operational in the second quarter of fiscal 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.</P>
</DIR>
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<P>ITEM 6.	EXHIBITS AND REPORTS ON FORM 8K</P>

<OL TYPE="A">
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<OL TYPE="A">

<LI>Exhibits.  </LI></OL>
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<P>The following exhibit is filed with this report.</P>
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<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>The Bank filed no reports on Form 8-K for the quarter ended </P>
<P>December 31, 1999.</P>

<P ALIGN="CENTER"> </P></DIR>
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<P ALIGN="CENTER">SIGNATURES</P>
<P> </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>

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