x	Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2004 or
o	Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition period from___________ to ___________

(Exact Name of Registrant as Specified in Its Charter)

Tennessee	62-1721072
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer I.D. Number)

114 West College Street, Murfreesboro, Tennessee	37130
(Address of Principal Executive Offices)	(Zip Code)

(615) 893-1234

Registrant’s telephone number, including area code

Yes x

No o

Yes x

No o

Part I	Financial Information	Page
Item 1.	Financial Statements
	Consolidated Balance Sheets at September 30, 2004 (unaudited) and December 31, 2003 (audited)	1
	Consolidated Statements of Income (unaudited) for the Three Months and Nine Months Ended September 30, 2004 and 2003	2
	Consolidated Statements of Comprehensive Income (unaudited) for the Three Months and Nine Months Ended September 30, 2004 and 2003	3
	Consolidated Statements of Cash Flows (unaudited) for the Nine Months Ended September 30, 2004 and 2003	4
	Notes to Consolidated Financial Statements (unaudited)	5-8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8-13
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	13-14
Item 4.	Controls and Procedures	14
Part II	Other Information	15
Item 1.	Legal Proceedings	15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3.	Defaults Upon Senior Securities	15
Item 4.	Submission of Matters to a Vote of Security Holders	15
Item 5.	Other Information	15
Item 6.	Exhibits	15
Signatures		16

		September 30,			December 31,
Assets		2004			2003
		(Unaudited)
Cash		$	20,674			32,946
Interest-bearing deposits with other financial institutions			35,366			37,967
Cash and cash equivalents			56,040			70,913
Investment securities available-for-sale at fair value (amortized cost: $43,865 and $55,136 at September 30, 2004 and December 31, 2003, respectively)			43,707			55,123
Loans held for sale, at estimated fair value			2,438			2,648
Loans receivable, net of allowances for loan losses of $4,728 at September 30, 2004 and $4,525 at December 31, 2003			413,788			350,412
Accrued interest receivable			1,813			1,668
Office properties and equipment, net			17,822			18,431
Required investments in stock of Federal Home Loan Bank and Federal Reserve Bank, at cost			3,099			2,992
Foreclosed assets			13			-
Bank owned life insurance			8,499			8,308
Goodwill			1,772			1,772
Other assets			2,911			2,905
Total assets		$	551,902			515,172
Liabilities and Shareholders’ Equity
Liabilities:
Deposits:
Non-interest-bearing		$	90,212			72,443
Interest-bearing			396,134			381,814
Total deposits			486,346			454,257
Advances from Federal Home Loan Bank of Cincinnati			2,848			2,889
Accrued expenses and other liabilities			6,072			3,599
Total liabilities			495,266			460,745
Shareholders’ equity:
Preferred stock, no par value
Authorized- 250,000 shares; none issued or outstanding at September 30, 2004 and December 31, 2003			-			-
Common stock, no par value
Authorized- 49,750,000 shares; issued and outstanding 6,741,752 and 6,834,873 at September 30, 2004 and December 31, 2003, respectively			9,439			10,175
Retained earnings			49,142			46,633
Unallocated ESOP shares			(1,839	)		(2,373	)
Accumulated other comprehensive loss, net of tax			(106	)		(8	)
Total shareholders’ equity			56,636			54,427
Total liabilities and shareholders’ equity		$	551,902			515,172

	1

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2004			2003			2004			2003
Interest income:
Loans		$	5,994			5,055			16,839			15,124
Investment securities:
Taxable			332			307			979			896
Non-taxable			36			-			74			-
Other			120			82			261			309
Total interest income			6,482			5,444			18,153			16,329
Interest expense - deposits			1,367			1,303			3,880			4,221
Interest expense - borrowings			24			25			73			74
Total interest expense			1,391			1,328			3,953			4,295
Net interest income			5,091			4,116			14,200			12,034
Provision for loan losses			176			-			352			101
Net interest income after provision for loan losses			4,915			4,116			13,848			11,933
Non-interest income:
Servicing income			47			45			140			176
Gain on sale of loans, net			879			1,687			2,281			4,711
Gain on sale of other assets			-			-			53			-
Gain on sale of investment securities, net			-			-			-			11
Deposit servicing fees and charges			1,457			1,208