SMITH, GOOLSBY,
ARITS & REAMS, P.S.C.
CERTIFIED PUBLIC ACCOUNTANTS
P.O. BOX 551 1330 CARTER AVE.
ASHLAND, KENTUCKY 41105-0551
Board of Directors
Classic Bancshares, Inc.
INDEPENDENT ACCOUNTANT’S REPORT
We have reviewed the accompanying consolidated statement of condition as of September 30, 2001 and the related consolidated statements of income and comprehensive income for the three and six month periods ended September 30, 2001 and 2000, and the consolidated statements of stockholders equity for the six months ended September 30, 2001, and the consolidated statement of cash flows for the six month period ended September 30, 2001 and 2000, in accordance with Statement of Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The financial statements are the responsibility of the corporation’s management.
A review of interim financial information consists principally of applying analytical procedures to financial data and making inquires of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements for them to be in conformity with generally accepted accounting principles.
We have previously audited, in accordance with generally accepted auditing standards, the consolidated statement of financial condition as of March 31, 2001, and the related consolidated statements of income, comprehensive income, stockholders’ equity and cash flows for the year then ended (not presented herein) and in our report dated June 15, 2001, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying consolidated statement of financial condition as of March 31, 2001, is fairly stated, in all material respects, in relation to the consolidated statement of financial condition from which it has been derived.
/s/ Smith, Goolsby, Artis & Reams, psc
Ashland, Kentucky
November 9, 2001
