South Carolina		57-0669498
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

Class		Outstanding at August 10, 2002
Common Stock		6,870,900

Item No.				Page
		PART I
		FINANCIAL INFORMATION
1.		Financial Statements
		Consolidated Balance Sheets at June 30, 2002 and December 31, 2001		2
		Consolidated Statements of Income for the three months ended June 30, 2002 and 2001		3
		Consolidated Statements of Income for the six months ended June 30, 2002 and 2001		4
		Consolidated Statement of Stockholder Equity for the year ended December 31, 2001 and the six-months ended June 30, 2002		5
		Consolidated Statements of Cash Flows for the six months ended June 30, 2002 and 2001		6
		Notes to Consolidated Financial Statements		7
2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations		12
3.		Quantitative and Qualitative Disclosures About Market Risk		16
		PART II
		OTHER INFORMATION
1.		Legal Proceedings		16
2.		Changes in Securities and Use of Proceeds		16
3.		Defaults Upon Senior Securities		16
4.		Submission of Matters to a Vote of Security Holders		16
5.		Other Information		16
6.		Exhibits and Reports on Form 8-K		16

		June 30, 2002			December 31, 2001
		(Unaudited)
ASSETS
Cash		$	3,809,514		$	4,096,359
Finance receivables, net			172,219,777			181,255,030
Premises and equipment, net			4,390,064			4,246,816
Accounts receivable			1,275,578			1,813,743
Accounts receivable from affiliates			—			113,185
Repossessed automobiles			703,545			952,153
Deposit			7,809,028			6,710,692
Goodwill and other intangible assets			32,377,219			32,481,654
Deferred tax asset, net			2,910,000			2,752,000
Other assets			8,478,323			8,138,673
Total assets		$	233,973,048		$	242,560,305
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Accrued interest payable		$	2,167,372		$	2,194,814
Notes payable			210,300,362			225,033,166
Accounts payable			1,880,780			1,361,490
Accounts payable to related parties			1,505,923			254,043
Income taxes payable			2,983,065			2,270,068
Employee savings plan			1,122,621			1,083,594
Other liabilities			4,521,805			4,078,594
Total liabilities			224,481,928			236,275,769
Stockholders’ Equity
Preferred Stock $.01 par value:
Series A:  400,000 shares authorized; issued and outstanding 10,440 shares in 2002, 10,440 shares in 2001; liquidation value $104,400 in 2002 and 2001			104			104
Series C:  50,000 shares authorized issued and outstanding in 2002 and 2001; liquidation value $500,000 in 2002 and 2001			500			500
Series E:  800,000 shares authorized, issued and outstanding in 2002 and 2001; liquidation value $8,000,000 in 2002 and 2001			8,000			8,000
Series F:  100,000 shares authorized; issued and outstanding 20,000 shares in June 2002; liquidation value $200,000 in 2002 and 2001.			200			200
Common stock, $.01 par value, 50,000,000 shares authorized; issued and outstanding 6,871,100 in 2002; 6,849,355 shares in 2001			68,711			68,493
Additional paid-in-capital			8,869,586			8,831,599
Retained earnings (accumulated deficit)			544,019			(2,624,360	)
Total stockholders’ equity			9,491,120			6,284,536
Total liabilities and stockholders’ equity		$	233,973,048		$	242,560,305

		2002			2001
Interest and fee income		$	18,622,223		$	17,586,979
Interest expense			3,621,559			4,334,075
Net interest income			15,000,664			13,252,904
Provision for credit losses			4,701,404			3,634,475
Net interest income after provision for credit losses			10,299,260			9,618,429
Other income:
Insurance premiums and commissions, net			4,074,640			3,339,247
Other income			616,624			1,108,392
Total other income			4,691,264			4,447,639
Operating expenses:
Compensation and employee benefits			7,917,681			7,779,543
Telephone, computers			564,419			558,176
Net occupancy			1,642,346			1,609,346
Reinsurance claims expense			642,695			419,299
Advertising			825,120			834,540
Collection expense			159,326			225,969
Travel			288,021			325,938
Professional fees			349,789			258,868
Office expense			563,015			621,196
Amortization expense			150,751			606,637
Other			574,747			260,034
Total operating expenses			13,677,910			13,499,546
Income before income tax expense			1,312,614			566,522
Income tax expense			447,153			297,619
Net income			865,461			268,903
Dividends on preferred stock			145,736			189,568
Net income applicable to common shareholders		$	719,725		$	79,335
Net income per common share—basic and diluted		$	0.10		$	0.01

		2002			2001
Interest and fee income		$	38,366,233		$	36,116,289
Interest expense			7,313,429			9,806,699
Net interest income			31,052,804			26,309,590
Provision for credit losses			8,371,672			6,609,308
Net interest income after provision for credit losses			22,681,132			19,700,282
Other income:
Insurance premiums and commissions, net			7,831,912			6,898,823
Other income			2,181,659			2,307,772
Total other income			10,013,571			9,206,595
Operating expenses:
Compensation and employee benefits			16,386,188			15,607,999
Telephone, computers			1,106,511			1,156,983
Net occupancy			3,260,061			3,174,396
Reinsurance claims expense			932,421			644,946
Advertising			1,511,918			1,488,273
Collection expense			308,902			329,291
Travel			563,568			548,196
Professional fees			619,446			529,843
Office expense			1,142,389			1,233,720
Amortization expense			300,324			1,215,060
Other			1,321,406			1,386,168
Total operating expenses			27,453,134			27,314,875
Income before income tax expense			5,241,569			1,592,002
Income tax expense			1,782,997			751,281
Net income			3,458,572			840,721
Dividends on preferred stock			290,193			360,915
Net income applicable to common shareholders		$	3,168,379		$	479,806
Net income per common share—basic and diluted		$	0.46		$	0.07

		Common Stock				Preferred Stock			Additional Paid-in Capital				Retained Earnings				Total Stockholders’ Equity
Balance at December 31, 2000		$	69,743			$	8,604		$	8,610,549			$	(4,929,486	)		$	3,759,410
Cancelled 135,000 shares of common stock			(1,350	)			—			1,350				—				—
Issued 20,000 shares of Series F preferred stock							200			199,800				—				200,000
Issued 10,000 shares of common stock as compensation			100				—			19,900				—				20,000
Dividends paid on preferred stock			—				—			—				(729,497	)