-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TchalWY/oUr3PVx3i2ZQFG7Ryt/pyGkstCGLwabENzo7om+JSap5gfO1aMy1R8H2
 N47I7uulDb1IO8gymBL13A==

<SEC-DOCUMENT>0001005477-03-003467.txt : 20030818
<SEC-HEADER>0001005477-03-003467.hdr.sgml : 20030818
<ACCEPTANCE-DATETIME>20030818171851
ACCESSION NUMBER:		0001005477-03-003467
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030815
FILED AS OF DATE:		20030818

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TISSUE ROBERT S
		CENTRAL INDEX KEY:			0001186836

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16587
		FILM NUMBER:		03853807

	BUSINESS ADDRESS:	
		STREET 1:		SUMMIT FINANCIAL GROUP
		STREET 2:		PO BOX 179
		CITY:			MOOREFIELD
		STATE:			WV
		ZIP:			26836
		BUSINESS PHONE:		3045387233

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SUMMIT FINANCIAL GROUP INC
		CENTRAL INDEX KEY:			0000811808
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				550672148
		STATE OF INCORPORATION:			WV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		223 NORTH MAIN ST
		CITY:			MOOREFIELD
		STATE:			WV
		ZIP:			26836
		BUSINESS PHONE:		3045381000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 179
		CITY:			MOOREFIELD
		STATE:			WV
		ZIP:			26836

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SOUTH BRANCH VALLEY BANCORP INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-08-15</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000811808</issuerCik>
        <issuerName>SUMMIT FINANCIAL GROUP INC</issuerName>
        <issuerTradingSymbol>SMMF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>

        <reportingOwnerId>
            <rptOwnerCik>0001186836</rptOwnerCik>
            <rptOwnerName>TISSUE ROBERT S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>POST OFFICE BOX 1822</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LEWISBURG</rptOwnerCity>
            <rptOwnerState>WV</rptOwnerState>
            <rptOwnerZipCode>24901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>0</isDirector>
        <isOfficer>1</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>0</isOther>
        <officerTitle>Senior VP &amp; CFO</officerTitle>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>

        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>

        <transactionDate>
            <value>2003-08-15</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>P</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>

            <transactionShares>
                <value>500</value>
            </transactionShares>

            <transactionPricePerShare>
                <value>29.40</value>
            </transactionPricePerShare>

            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>5400</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>by IRA</value>
            </natureOfOwnership>
        </ownershipNature>
        </nonDerivativeTransaction>

        <nonDerivativeHolding>

        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>1368</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>By ESOP</value>
            </natureOfOwnership>
        </ownershipNature>
        </nonDerivativeHolding>

        <nonDerivativeHolding>

        <securityTitle>
            <value>Common Stock</value>
        </securityTitle>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>84</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeHolding>

    </nonDerivativeTable>
    <derivativeTable>
        <derivativeHolding>

        <securityTitle>
            <value>Employee Stock Option (Right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>10.42</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>1999-02-26</value>
            <footnoteId id="F1"/>
        </exerciseDate>

        <expirationDate>
            <value>2013-02-26</value>
            <footnoteId id="F2"/>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>12000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>12000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Employee Stock Option (Right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>9.25</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2000-02-26</value>
            <footnoteId id="F1"/>
        </exerciseDate>

        <expirationDate>
            <value>2014-02-26</value>
            <footnoteId id="F2"/>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>2000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>2000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Employee Stock Optin (Right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>11.90</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2002-10-26</value>
            <footnoteId id="F1"/>
        </exerciseDate>

        <expirationDate>
            <value>2016-10-26</value>
            <footnoteId id="F2"/>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>2000</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>2000</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>

        <securityTitle>
            <value>Employee Stock Option (Right to buy)</value>
        </securityTitle>

        <conversionOrExercisePrice>
            <value>18.98</value>
        </conversionOrExercisePrice>

        <exerciseDate>
            <value>2003-12-06</value>
            <footnoteId id="F1"/>
        </exerciseDate>

        <expirationDate>
            <value>2017-12-06</value>
            <footnoteId id="F2"/>
        </expirationDate>
        <underlyingSecurity>

            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>

            <underlyingSecurityShares>
                <value>2200</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>2200</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </derivativeHolding>

    </derivativeTable>
    <footnotes>
        <footnote id="F1">Option vests in 5 equal annual installments.</footnote>
        <footnote id="F2">Option expries in 5 equal annual installments.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Teresa D. Sherman, Lmtd POA, Attorney in Fact</signatureName>
        <signatureDate>2003-08-18</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----