content: SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549
  
  
  
                                    FORM 8-K
  
                                 CURRENT REPORT
  
  
  
                    Pursuant to Section 13 or 15(d) of the
                       Securities Exchange Act of 1934
  
  
  
  Date of Report (Date of earliest event reported):  October 19, 2000
  
                         INTERCOUNTY BANCSHARES, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)
  
  
  
  
               OHIO                     0-23134                 31-1004998
     ---------------------------   -------------------   ---------------------
    (State or other jurisdiction  (Commission File No.) (IRS Employer I.D. No.)
     of incorporation)
  
  
  
  
                   48 N. South Street, Wilmington, Ohio           45177
               -----------------------------------------------------------
              (Address of principal executive offices)         (Zip Code)
  
  
  Registrant's telephone number, including area code:   (937) 382-1441
                                                     -----------------
  
  
  <PAGE>
  Item 5.  Other Events.
  
           The following was contained in a press release issued by
           InterCounty Bancshares, Inc., on or about October 19, 2000.
  
           InterCounty Bancshares, Inc. (Company), parent company of The
           National Bank and Trust Company, Wilmington, Ohio, (Bank) announced
           a net loss for the third quarter of 2000 of $132,000, compared to
           net income of $1,380,000 earned during the third quarter of 1999.
           Net loss per share was $.04 for the quarter, compared to $.46 net
           income per share for the same quarter last year.
  
           In the last few days of the month of September 2000, the Company
           restructured a portion of its securities portfolio and increased its
           provision for loan losses.  Both of these items, detailed in a
           report on Form 8-K filed with the Securities and Exchange Commission
           on September 30, 2000, had a significant negative impact on Company
           third quarter net income and year 2000 net income.  The
           restructuring of the securities portfolio, resulting in the
           recognition of an after-tax loss of $1.37 million, was undertaken to
           enhance future earnings and reduce interest rate risk.
  
           The Bank has recorded a $725,000 provision for loan losses in the
           third quarter, a portion of which has been recorded in anticipation
           of potential losses on loans to a longstanding Bank customer.
           Although principal and interest payments on the loans are current,
           the Bank does not anticipate collecting all amounts due under the
           contractual terms of the loan agreements.  Due to the early stage of
           this situation, the ultimate loss to the Bank, if any, cannot be
           determined.
  
           Net interest income decreased 3.6% from the third quarter of 1999
           due to rising interest rates.  Non-interest income increased 3.4%
           due to increases in service charge income and trust income.
           Partially offsetting the negative effects of the securities loss and
           the additional provision for loan loss, certain performance related
           officer bonus expense and retirement plan expense will be decreased
           by $500,000 for 2000, of which $350,000 was reduced in the third
           quarter.
  
           Net income for the nine months ended September 30, 2000, was
           $2,719,000, compared to the $4,062,000 earned during the first nine
           months of 1999.  Net income per share was $.85 through September 30,
           2000, compared to $1.29 per share for the same period last year.
  
           Total assets ended the quarter at $570.9 million, up 8.1% from the
           end of the third quarter last year.  Total deposits were $404.8
           million at September 30, 2000, an increase of 5.5% from the same
           date last year.
  
  
  
  
  
  
  <PAGE>
                                 SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
  the Registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.
  
  
                                   INTERCOUNTY BANCSHARES, INC.
  
  
  
                                   By: /s/ Charles L. Dehner
                                       -----------------------
                                       Charles L. Dehner
                                       Executive Vice President, Chief
                                        Financial Officer
  
  
  Date:  October 19, 2000
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "0001.txt", "secsgml_size_bytes": 4694}]
metadata_filer: {"company-data": {"conformed-name": "INTERCOUNTY BANCSHARES INC", "cik": "0000908837", "assigned-sic": "6029", "irs-number": "311004998", "state-of-incorporation": "OH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23134", "film-number": "742676"}, "business-address": {"street1": "48 NORTH SOUTH ST", "city": "WILMINGTON", "state": "OH", "zip": "45177", "phone": "9373821441"}}
text: SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549
  
                                    FORM 8-K
  
                                 CURRENT REPORT
  
                    Pursuant to Section 13 or 15(d) of the
                       Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported):  October 19, 2000
  
                         INTERCOUNTY BANCSHARES, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)
  
               OHIO                     0-23134                 31-1004998
     ---------------------------   -------------------   ---------------------
    (State or other jurisdiction  (Commission File No.) (IRS Employer I.D. No.)
     of incorporation)
  
                   48 N. South Street, Wilmington, Ohio           45177
               -----------------------------------------------------------
              (Address of principal executive offices)         (Zip Code)
  
  Registrant's telephone number, including area code:   (937) 382-1441
                                                     -----------------
  Item 5.  Other Events.
  
           The following was contained in a press release issued by
           InterCounty Bancshares, Inc., on or about October 19, 2000.
  
           InterCounty Bancshares, Inc. (Company), parent company of The
           National Bank and Trust Company, Wilmington, Ohio, (Bank) announced
           a net loss for the third quarter of 2000 of $132,000, compared to
           net income of $1,380,000 earned during the third quarter of 1999.
           Net loss per share was $.04 for the quarter, compared to $.46 net
           income per share for the same quarter last year.
  
           In the last few days of the month of September 2000, the Company
           restructured a portion of its securities portfolio and increased its
           provision for loan losses.  Both of these items, detailed in a
           report on Form 8-K filed with the Securities and Exchange Commission
           on September 30, 2000, had a significant negative impact on Company
           third quarter net income and year 2000 net income.  The
           restructuring of the securities portfolio, resulting in the
           recognition of an after-tax loss of $1.37 million, was undertaken to
           enhance future earnings and reduce interest rate risk.
  
           The Bank has recorded a $725,000 provision for loan losses in the
           third quarter, a portion of which has been recorded in anticipation
           of potential losses on loans to a longstanding Bank customer.
           Although principal and interest payments on the loans are current,
           the Bank does not anticipate collecting all amounts due under the
           contractual terms of the loan agreements.  Due to the early stage of
           this situation, the ultimate loss to the Bank, if any, cannot be
           determined.
  
           Net interest income decreased 3.6% from the third quarter of 1999
           due to rising interest rates.  Non-interest income increased 3.4%
           due to increases in service charge income and trust income.
           Partially offsetting the negative effects of the securities loss and
           the additional provision for loan loss, certain performance related
           officer bonus expense and retirement plan expense will be decreased
           by $500,000 for 2000, of which $350,000 was reduced in the third
           quarter.
  
           Net income for the nine months ended September 30, 2000, was
           $2,719,000, compared to the $4,062,000 earned during the first nine
           months of 1999.  Net income per share was $.85 through September 30,
           2000, compared to $1.29 per share for the same period last year.
  
           Total assets ended the quarter at $570.9 million, up 8.1% from the
           end of the third quarter last year.  Total deposits were $404.8
           million at September 30, 2000, an increase of 5.5% from the same
           date last year.
  SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934,
  the Registrant has duly caused this report to be signed on its behalf by the
  undersigned thereunto duly authorized.
  
                                   INTERCOUNTY BANCSHARES, INC.
  
                                   By: /s/ Charles L. Dehner
                                       -----------------------
                                       Charles L. Dehner
                                       Executive Vice President, Chief
                                        Financial Officer
  
  Date:  October 19, 2000