Ernst & Young, LLP Phone (414) 273-5900 111 East Kilbourn Avenue Fax (414) 223-7211 Milwaukee, Wisconsin 53202 www.ey.com EXHIBIT 1 TO FORM 8-K August 19, 2003 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Gentlemen: We have read Item 4 of Form 8-K dated August 19, 2003, of Tri City Bankshares Corporation and are in agreement with the statements contained in the first and second paragraph of Item 4(a). We have no basis to agree or disagree with other statements of the registrant contained therein. In addition, we have no basis to agree or disagree with other statements of the registrant contained in the third paragraph of Item 4(a) and Item 4(b) of the above referenced filing. /s/ Ernst & Young LLP