Exhibit 21



                           SUBSIDIARIES OF REGISTRANT


The following lists the  subsidiaries of Summit  Financial  Group,  Inc., a West
Virginia Corporation.

         South    Branch Valley  National Bank, a national  banking  association
                  organized under the laws of the United States of America

         Capital State Bank, Inc., a state banking association
                  organized under the laws of the State of West Virginia

         Shenandoah  Valley  National  Bank,  a  national  banking   association
                  organized under the laws of the United States of America

         Potomac  Valley Bank, a state banking  association  organized under the
                  laws of the State of West Virginia




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