Exhibit 10.1

                             Summary of Compensation
                         Arrangements with Mr. Gerardin

     Mr. Scott Gerardin, an  employee-director,  was made Senior Vice President,
General Counsel,  Assistant  Secretary of the Corporation  effective  January 1,
2005. His salary for 2005 is as follows:

                             Tri City          Tri City
            Name            Bankshares      National Bank           Total

    Scott D. Gerardin       $  5,000           $128,400           $133,400

     In  addition,  officers are eligible to  participate  in the  Corporation's
bonus plan and 2003 stock purchase plan.