----

----

**U.      S. SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      10-QSB**

| x      | Quarterly                Report Under Section 13 or 15(d) of the Securities Exchange Act of                1934 |
|--------|-----------------------------------------------------------------------------------------------------------------|
|   | For                the quarterly period ended **June 30,                2007**                                  |

|  ̈ | Transition                Report under Section 13 or 15(d) of the Securities Exchange Act of                1934 |
|--------|------------------------------------------------------------------------------------------------------------------|
|   | For                the transition period from __________ to                __________                            |

**Commission      File Number: 333-102971 **

|   | **Freedom                Bancshares, Inc.** |   |
|--------|---------------------------------------------|--------|

|   | **Georgia**                             |   | **06-1671382**                                   |   |
|--------|-----------------------------------------|--------|--------------------------------------------------|--------|
|   | (State                of Incorporation) |   | (IRS                Employer Identification No.) |   |

|   | **3165                Maysville Road, Commerce, GA 30529** |   |
|--------|------------------------------------------------------------|--------|
|   | (Address                of principal executive offices)    |   |

|   | **(706)                423-2500**                |   |
|--------|--------------------------------------------------|--------|
|   | (Issuer’s                telephone number) |   |

|   | N/A |   |
|--------|-----|--------|

**August      14, 2007: 1,314,005 shares outstanding, $1.00 par      value**

----

**FREEDOM      BANCSHARES, INC.**

**AND      SUBSIDIARY**

**Index**

|                                                                  |                                                                                                                                               |                       Page     |
|-----------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------|
|                                                                  |                                                                                                                                               |                                                                   |
| Part                  I.  Financial                  Information |                                                                                                                                               |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Item                  1.  Financial Statements                  (unaudited)                                                              |                                                                   |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Consolidated                  Balance Sheets - June 30, 2007 and December 31,                  2006                                                | 2                                                                      |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Consolidated                  Statements of Income – Three and Six Months Ended                  June 30, 2007 and 2006                      | 3                                                                      |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Consolidated                  Statements of Comprehensive Income (Loss) – Three                  and Six Months Ended June 30, 2007 and 2006 | 4                                                                      |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Consolidated                  Statements of Cash Flows - Six Months Ended June                  30, 2007 and 2006                                  | 5                                                                      |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Notes                  to Consolidated Financial Statements                                                                                        | 6                  -                  8                                |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Item                  2.  Management's Discussion and                  Analysis                                                          | 9                  -                  15                               |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Item                  3.  Controls and Procedures                                                                                        | 16                                                                     |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  |                                                                                                                                               |                                                                   |
| Part                  II.  Other                  Information    |                                                                                                                                               |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Item                  1.  Legal Proceedings                                                                                              | 17                                                                     |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Item                  2.  Unregistered Sales of Equity Securities and                  Use of Proceeds                                   | 17                                                                     |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Item                  3.  Defaults Upon Senior                  Securities                                                               | 17                                                                     |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Item                  4.  Submission of Matters to a Vote of Security                  Holders                                           | 17                                                                     |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Item                  5.  Other Information                                                                                              | 17                                                                     |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Item                  6.  Exhibits                                                                                                       | 18                                                                     |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Signature                  Page                                                                                                                    | 19                                                                     |
|                                                                  |                                                                                                                                               |                                                                   |
|                                                                  | Exhibit                  Index                                                                                                                     |                                                                   |

----

*Index*

**PART      I - FINANCIAL INFORMATION**

**ITEM      I.  FINANCIAL STATEMENTS**

**FREEDOM      BANCSHARES, INC. AND SUBSIDIARY**

**CONSOLIDATED      BALANCE SHEETS**

**JUNE      30, 2007 AND DECEMBER 31, 2006**

**(Unaudited)**

| **Assets**                                                                                                                                                     |   | **2007**   |            |   | 2006   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------|-----------------|--------|--------|--------|
|                                                                                                                                                           |   |       |            |   |   |   |
| Cash                and due from banks                                                                                                                         |   | **$**      | **2,510,873**   |   |   | $      | 2,621,725 |   |
| Interest                bearing deposits in banks                                                                                                              |   | ** ** | **125,325**     |   |   |   | 63,542 |   |
| Federal                funds sold                                                                                                                              |   | ** ** | **486,836**     |   |   |   | 948,690 |   |
| Securities                available for sale, at fair value                                                                                                    |   | ** ** | **20,834,322**  |   |   |   | 20,853,654 |   |
| Loans,                less allowance for loan losses of $1,316,342 and $1,194,953,                respectively                                                 |   | ** ** | **113,118,314** |   |   |   | 101,596,794 |   |
| Property                and equipment, net                                                                                                                     |   | ** ** | **5,875,865**   |   |   |   | 3,402,792 |   |
| Federal                Home Loan Bank stock                                                                                                                    |   | ** ** | **756,100**     |   |   |   | 885,100 |   |
| Accrued                interest receivable                                                                                                                     |   | ** ** | **1,752,991**   |   |   |   | 1,536,302 |   |
| Other                assets                                                                                                                                    |   | ** ** | **826,149**     |   |   |   | 722,076 |   |
|                                                                                                                                                           |   | ** ** |            |   |   |   |   |   |
| **Total                assets**                                                                                                                                |   | **$**      | **146,286,775** |   |   | $      | 132,630,675 |   |
|                                                                                                                                                           |   | ** ** |            |   |   |   |   |   |
|                                                                                                                                                           |   |       |            |   |   |   |   |   |
| **Liabilities                and Stockholders' Equity**                                                                                                        |   |       |            |   |   |   |   |   |
|                                                                                                                                                           |   |       |            |   |   |   |   |   |
| Liabilities:                                                                                                                                                   |   |       |            |   |   |   |   |   |
| Deposits:                                                                                                                                                      |   |       |            |   |   |   |   |   |
| Noninterest-bearing                                                                                                                                            |   | **$**      | **9,004,335**   |   |   | $      | 6,880,325 |   |
| Interest-bearing                                                                                                                                               |   | ** ** | **113,489,755** |   |   |   | 97,321,207 |   |
| Total                deposits                                                                                                                                  |   | ** ** | **122,494,090** |   |   |   | 104,201,532 |   |
| Federal                Home Loan Bank advances                                                                                                                 |   | ** ** | **10,000,000**  |   |   |   | 16,000,000 |   |
| Accrued                interest payable                                                                                                                        |   | ** ** | **620,722**     |   |   |   | 430,451 |   |
| Other                liabilities                                                                                                                               |   | ** ** | **144,353**     |   |   |   | 179,453 |   |
| **Total                liabilities**                                                                                                                           |   | ** ** | **133,259,165** |   |   |   | 120,811,436 |   |
|                                                                                                                                                           |   | ** ** |            |   |   |   |   |   |
| Commitments                and contingencies                                                                                                                   |   |       |            |   |   |   |   |   |
|                                                                                                                                                           |   |       |            |   |   |   |   |   |
| Stockholders'                equity                                                                                                                            |   |       |            |   |   |   |   |   |
| Preferred                stock, no par value; 2,000,000 shares authorized; no shares issued                and                outstanding                      |   | ** ** | **-**           |   |   |   | - |   |
| Common                stock, $1.00 par value; 10,000,000 shares authorized; 1,310,005 and                1,238,789 shares issued and outstanding, respectively |   | ** ** | **1,310,005**   |   |   |   | 1,238,789 |   |
| Additional                paid-in capital                                                                                                                      |   | ** ** | **12,674,016**  |   |   |   | 11,685,135 |   |
| Accumulated                deficit                                                                                                                             |   | ** ** | **(619,879**    | **)**  |   |   | (915,245 | ) |
| Accumulated                other comprehensive loss                                                                                                            |   | ** ** | **(336,532**    | **)**  |   |   | (189,440 | ) |
| **Total                stockholders' equity**                                                                                                                  |   | ** ** | **13,027,610**  |   |   |   | 11,819,239 |   |
|                                                                                                                                                           |   | ** ** |            |   |   |   |   |   |
| **Total                liabilities and stockholders' equity**                                                                                                  |   | **$**      | **146,286,775** |   |   | $      | 132,630,675 |   |

**See      Notes to Consolidated Financial Statements**

----

*Index*

**FREEDOM      BANCSHARES, INC. AND SUBSIDIARY**

**CONSOLIDATED      STATEMENTS OF INCOME**

**THREE      AND SIX MONTHS ENDED JUNE 30, 2007 AND 2006**

**(Unaudited)**

|                                                                   |   | **Three**                   |          |   | Three                   |   |      | **Six**                     |   |       | Six                     |   |
|------------------------------------------------------------------------|--------|-----------------------------|---------------|--------|-------------------------|--------|-----------|-----------------------------|--------|------------|-------------------------|--------|
|                                                                   |   | **Months**                  |          |   | Months                  |   |      | **Months**                  |   |       | Months                  |   |
|                                                                   |   | **Ended**                   |          |   | Ended                   |   |      | **Ended**                   |   |       | Ended                   |   |
|                                                                   |   | **June                30,** |          |   | June                30, |   |      | **June                30,** |   |       | June                30, |   |
|                                                                   |   | **2007**                    |          |   | 2006                    |   |      | **2007**                    |   |       | 2006                    |   |
| **Interest                income:**                                    |   |                        |          |   |                    |   |      |                        |   |       |                    |   |
| Loans                                                                  |   | **$**                       | **2,690,973** |   |                    | $      | 1,780,638 |                        |   | **$**      | **5,182,048**           |   |   | $ | 3,232,303 |   |
| Taxable                securities                                      |   | ** **                  | **259,796**   |   |                    |   | 199,393   |                        |   | ** ** | **514,011**             |   |   |   | 376,890 |   |
| Federal                funds sold                                      |   | ** **                  | **21,713**    |   |                    |   | 42,884    |                        |   | ** ** | **42,374**              |   |   |   | 73,415 |   |
| Other                                                                  |   | ** **                  | **14,234**    |   |                    |   | 6,444     |                        |   | ** ** | **42,609**              |   |   |   | 11,609 |   |
| **Total                interest income**                               |   | ** **                  | **2,986,716** |   |                    |   | 2,029,359 |                        |   | ** ** | **5,781,042**           |   |   |   | 3,694,217 |   |
|                                                                   |   |                        |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| **Interest                expense:**                                   |   |                        |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| Deposits                                                               |   | ** **                  | **1,500,626** |   |                    |   | 858,631   |                        |   | ** ** | **2,823,843**           |   |   |   | 1,519,867 |   |
| Other                borrowings                                        |   | ** **                  | **149,139**   |   |                    |   | 52,693    |                        |   | ** ** | **348,693**             |   |   |   | 102,801 |   |
| **Total                interest expense**                              |   | ** **                  | **1,649,765** |   |                    |   | 911,324   |                        |   | ** ** | **3,172,536**           |   |   |   | 1,622,668 |   |
|                                                                   |   |                        |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| **Net                interest income**                                 |   | ** **                  | **1,336,951** |   |                    |   | 1,118,035 |                        |   | ** ** | **2,608,506**           |   |   |   | 2,071,549 |   |
| **Provision                for loan losses**                           |   | ** **                  | **58,000**    |   |                    |   | 129,000   |                        |   | ** ** | **149,000**             |   |   |   | 197,500 |   |
| **Net                interest income after provision for loan losses** |   | ** **                  | **1,278,951** |   |                    |   | 989,035   |                        |   | ** ** | **2,459,506**           |   |   |   | 1,874,049 |   |
|                                                                   |   | ** **                  |          |   |                    |   |      |                        |   | ** ** |                    |   |   |   |   |   |
| **Other                income:**                                       |   |                        |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| Service                charges on deposit accounts                     |   | ** **                  | **39,974**    |   |                    |   | 27,183    |                        |   | ** ** | **74,536**              |   |   |   | 50,094 |   |
| Other                operating income                                  |   | ** **                  | **40,239**    |   |                    |   | 15,448    |                        |   | ** ** | **78,805**              |   |   |   | 32,807 |   |
| **Total                other income**                                  |   | ** **                  | **80,213**    |   |                    |   | 42,631    |                        |   | ** ** | **153,341**             |   |   |   | 82,901 |   |
|                                                                   |   | ** **                  |          |   |                    |   |      |                        |   | ** ** |                    |   |   |   |   |   |
| **Other                expenses:**                                     |   |                        |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| Salaries                and other employee benefits                    |   | ** **                  | **613,004**   |   |                    |   | 481,964   |                        |   | ** ** | **1,176,794**           |   |   |   | 954,960 |   |
| Occupancy                and equipment expenses                        |   | ** **                  | **168,477**   |   |                    |   | 118,271   |                        |   | ** ** | **314,819**             |   |   |   | 234,909 |   |
| Other                operating expenses                                |   | ** **                  | **377,949**   |   |                    |   | 311,726   |                        |   | ** ** | **634,018**             |   |   |   | 589,592 |   |
| **Total                other expenses**                                |   | ** **                  | **1,159,430** |   |                    |   | 911,961   |                        |   | ** ** | **2,125,631**           |   |   |   | 1,779,461 |   |
|                                                                   |   | ** **                  |          |   |                    |   |      |                        |   | ** ** |                    |   |   |   |   |   |
| **Income                before income taxes**                          |   | ** **                  | **199,734**   |   |                    |   | 119,705   |                        |   | ** ** | **487,216**             |   |   |   | 177,489 |   |
|                                                                   |   |                        |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| **Income                tax expense**                                  |   | ** **                  | **80,800**    |   |                    |   | 83,000    |                        |   | ** ** | **191,850**             |   |   |   | 143,400 |   |
|                                                                   |   |                        |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| **Net                income**                                          |   | **$**                       | **118,934**   |   |                    | $      | 36,705    |                        |   | **$**      | **295,366**             |   |   | $ | 34,089 |   |
|                                                                   |   |                        |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| **Basic                earnings per share**                            |   | **$**                       | **0.09**      |   |                    | $      | 0.03      |                        |   | **$**      | **0.24**                |   |   | $ | 0.03 |   |
|                                                                   |   |                        |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| **Diluted                earnings per share**                          |   | **$**                       | **0.09**      |   |                    | $      | 0.03      |                        |   | **$**      | **0.22**                |   |   | $ | 0.03 |   |
|                                                                   |   | ** **                  |          |   |                    |   |      |                        |   |       |                    |   |   |   |   |   |
| **Cash                dividends per share**                            |   | $                           | -             |   |                    | $      | -         |                        |   | $          | -                       |   |   | $ | - |   |

**See      Notes to Consolidated Financial Statements**

----

*Index*

**FREEDOM      BANCSHARES, INC. AND SUBSIDIARY**

**CONSOLIDATED      STATEMENTS OF COMPREHENSIVE INCOME (LOSS)**

**THREE      AND SIX MONTHS ENDED JUNE 30, 2007 AND 2006**

**(Unaudited)**

|                                                                                                    |   | **Three**                   |         |   | Three                   |   |     | **Six**                     |   |       | Six                     |   |
|---------------------------------------------------------------------------------------------------------|--------|-----------------------------|--------------|--------|-------------------------|--------|----------|-----------------------------|--------|------------|-------------------------|--------|
|                                                                                                    |   | **Months**                  |         |   | Months                  |   |     | **Months**                  |   |       | Months                  |   |
|                                                                                                    |   | **Ended**                   |         |   | Ended                   |   |     | **Ended**                   |   |       | Ended                   |   |
|                                                                                                    |   | **June                30,** |         |   | June                30, |   |     | **June                30,** |   |       | June                30, |   |
|                                                                                                    |   | **2007**                    |         |   | 2006                    |   |     | **2007**                    |   |       | 2006                    |   |
|                                                                                                    |   |                        |         |   |                    |   |     |                        |   |       |                    |   |
|                                                                                                    |   |                        |         |   |                    |   |     |                        |   |       |                    |   |
| Net                income                                                                               |   | **$**                       | **118,934**  |   |                    | $      | 36,705   |                        |   | **$**      | **295,366**             |   |   | $ | 34,089 |   |
|                                                                                                    |   |                        |         |   |                    |   |     |                        |   |       |                    |   |   |   |   |   |
| Other                comprehensive income (loss):                                                       |   |                        |         |   |                    |   |     |                        |   |       |                    |   |   |   |   |   |
|                                                                                                    |   |                        |         |   |                    |   |     |                        |   |       |                    |   |   |   |   |   |
| Unrealized                losses on securities available  for sale, net of                tax |   | ** **                  | **(175,317** | **)**  |                    |   | (162,554 | )                           |   | ** ** | **(147,852**            | **)**  |   |   | (262,412 | ) |
|                                                                                                    |   |                        |         |   |                    |   |     |                        |   |       |                    |   |   |   |   |   |
| Unrealized                gain (loss) on interest rate floor, net of tax                                |   | ** **                  | **(2,047**   | **)**  |                    |   | (15,167  | )                           |   | ** ** | **760**                 |   |   |   | (20,567 | ) |
|                                                                                                    |   |                        |         |   |                    |   |     |                        |   |       |                    |   |   |   |   |   |
| Other                comprehensive income (loss)                                                        |   | ** **                  | **(177,364** | **)**  |                    |   | (177,721 | )                           |   | ** ** | **(147,092**            | **)**  |   |   | (282,979 | ) |
|                                                                                                    |   |                        |         |   |                    |   |     |                        |   |       |                    |   |   |   |   |   |
| Comprehensive                income (loss)                                                              |   | **$**                       | **(58,430**  | **)**  |                    | $      | (141,016 | )                           |   | **$**      | **148,274**             |   |   | $ | (248,890 | ) |

**See      Notes to Consolidated Financial Statements**

----

*Index*

**FREEDOM      BANCSHARES, INC. AND SUBSIDIARY**

**CONSOLIDATED      STATEMENTS OF CASH FLOWS**

**SIX      MONTHS ENDED JUNE 30, 2007 AND 2006**

**(Unaudited)**

|                                                                                                            |   | **2007**   |            |   | 2006   |   |
|-----------------------------------------------------------------------------------------------------------------|--------|------------|-----------------|--------|--------|--------|
| **OPERATING                ACTIVITIES**                                                                         |   |       |            |   |   |   |
| Net                income                                                                                       |   | **$**      | **295,366**     |   |   | $      | 34,089 |   |
| Adjustments                to reconcile net income to net cash provided by operating                activities: |   |       |            |   |   |   |   |   |
| Amortization                and accretion on securities                                                         |   | ** ** | **(1,935**      | **)**  |   |   | 113,174 |   |
| Depreciation                                                                                                    |   | ** ** | **168,347**     |   |   |   | 138,632 |   |
| Provision                for loan losses                                                                        |   | ** ** | **149,000**     |   |   |   | 197,500 |   |
| Stock                compensation expense                                                                       |   | ** ** | **23,150**      |   |   |   | 200,000 |   |
| Loss                on disposal of equipment                                                                    |   | ** ** | **-**           |   |   |   | 4,817 |   |
| Gain                on sale of other real estate owned                                                          |   | ** ** | **(11,273**     | **)**  |   |   | - |   |
| Increase                in interest receivable                                                                  |   | ** ** | **(216,689**    | **)**  |   |   | (159,268 | ) |
| Increase                in interest payable                                                                     |   | ** ** | **190,271**     |   |   |   | 123,321 |   |
| Increase                in other assets                                                                         |   | ** ** | **(23,653**     | **)**  |   |   | (64,549 | ) |
| Increase                (decrease) in other liabilities                                                         |   | ** ** | **(35,100**     | **)**  |   |   | 136,568 |   |
| Net                cash provided by operating activities                                                        |   | ** ** | **537,484**     |   |   |   | 724,284 |   |
|                                                                                                            |   |       |            |   |   |   |   |   |
| **INVESTING                ACTIVITIES**                                                                         |   |       |            |   |   |   |   |   |
| Purchases                of securities available for sale                                                       |   | ** ** | **(1,740,514**  | **)**  |   |   | (5,355,645 | ) |
| Proceeds                from maturities and paydowns of securities available for                sale            |   | ** ** | **1,534,269**   |   |   |   | 1,396,818 |   |
| (Purchase)                redemption of Federal Home Loan Bank stock                                            |   | ** ** | **129,000**     |   |   |   | (86,900 | ) |
| Net                increase in loans                                                                            |   | ** ** | **(11,839,837** | **)**  |   |   | (19,485,500 | ) |
| Purchases                of premises and equipment                                                              |   | ** ** | **(2,641,420**  | **)**  |   |   | (224,394 | ) |
| Proceeds                from sale from of other real estate owned                                               |   | ** ** | **180,590**     |   |   |   | - |   |
| Net                cash used in investing activities                                                            |   | ** ** | **(14,377,912** | **)**  |   |   | (23,755,621 | ) |
|                                                                                                            |   |       |            |   |   |   |   |   |
| **FINANCING                ACTIVITIES**                                                                         |   |       |            |   |   |   |   |   |
| Net                increase in deposits                                                                         |   | ** ** | **18,292,558**  |   |   |   | 24,653,262 |   |
| Proceeds                from (repayments of) FHLB advances                                                      |   | ** ** | **(6,000,000**  | **)**  |   |   | 1,000,000 |   |
| Decrease                in federal funds purchased                                                              |   | ** ** | **-**           |   |   |   | (185,000 | ) |
| Proceeds                from sale of common stock, net                                                          |   | ** ** | **1,036,947**   |   |   |   | - |   |
| Net                cash provided by financing activities                                                        |   | ** ** | **13,329,505**  |   |   |   | 25,468,262 |   |
|                                                                                                            |   |       |            |   |   |   |   |   |
| Net                increase (decrease) in cash and cash equivalents                                             |   | ** ** | **(510,923**    | **)**  |   |   | 2,436,925 |   |
|                                                                                                            |   |       |            |   |   |   |   |   |
| Cash                and cash equivalents at beginning of period                                                 |   | ** ** | **3,633,957**   |   |   |   | 1,707,324 |   |
|                                                                                                            |   | ** ** |            |   |   |   |   |   |
| Cash                and cash equivalents at end of period                                                       |   | **$**      | **3,123,034**   |   |   | $      | 4,144,249 |   |
|                                                                                                            |   |       |            |   |   |   |   |   |
| **SUPPLEMENTAL                DISCLOSURE OF CASH FLOW INFORMATION**                                             |   |       |            |   |   |   |   |   |
| Cash                paid for:                                                                                   |   |       |            |   |   |   |   |   |
| Interest                                                                                                        |   | **$**      | **2,982,265**   |   |   | $      | 1,499,347 |   |
|                                                                                                            |   |       |            |   |   |   |   |   |
| Income                taxes                                                                                     |   | **$**      | **220,586**     |   |   | $      | - |   |
|                                                                                                            |   |       |            |   |   |   |   |   |
| **NONCASH                INVESTING ACTIVITIES**                                                                 |   |       |            |   |   |   |   |   |
| Loans                transferred to other real estate owned                                                     |   | **$**      | **169,317**     |   |   | $      | - |   |

**See      Notes to Consolidated Financial Statements**

----

*Index*

**FREEDOM      BANCSHARES, INC.**

**AND      SUBSIDIARY**

| NOTE                1. | BASIS                OF                PRESENTATION |
|------------------------|-----------------------------------------------------|

| NOTE                2. | SUMMARY                OF                ORGANIZATION |
|------------------------|-------------------------------------------------------|

----

*Index*

| NOTE                3. | SUMMARY                OF SIGNIFICANT ACCOUNTING                POLICIES |
|------------------------|--------------------------------------------------------------------------|

*Basis      of Accounting. *

*Cash      and Cash Equivalents. *

*Property      and Equipment. *

*Income      Taxes. *

*Stock-Based      Compensation. *
*Share-Based Payment*

*Statement      of Cash Flows. *

----

*Index*

| NOTE                4. | EARNINGS  PER                SHARE |
|------------------------|----------------------------------------------|

| NOTE                5. | RECENT                ACCOUNTING                PRONOUNCEMENTS |
|------------------------|----------------------------------------------------------------|

*Accounting for Uncertainty in      Income Taxes - An Interpretation of FASB Statement No. 109*
*Accounting for Income Taxes.*

*Fair Value      Measurements.*

*The Fair Value Option for      Financial Assets and Financial Liabilities*

----

*Index*

| **Part                I.** | **Financial                Information** |
|----------------------------|------------------------------------------|

| **Item                2.** | **Management's                Discussion and Analysis** |
|----------------------------|---------------------------------------------------------|

**SPECIAL      CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS**

|   | · | significant                increases in competitive pressure in the banking and financial services                industries; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------|

|   | · | changes                in the interest rate environment which could reduce anticipated or                actual                margins; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | · | changes                in political conditions or the legislative or regulatory                environment; |
|--------|--------|-------------------------------------------------------------------------------------------------------------|

|   | · | general                economic conditions, either nationally or regionally and especially                in our                primary service area, becoming less favorable than expected resulting                in,                among other things, a deterioration in credit                quality; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | changes                occurring in business conditions and                inflation; |
|--------|--------|---------------------------------------------------------------------------------------|

|   | · | changes                in technology; |
|--------|--------|---------------------------------------|

|   | · | changes                in monetary and tax policies; |
|--------|--------|------------------------------------------------------|

|   | · | the                level of allowance for loan loss; |
|--------|--------|------------------------------------------------------|

|   | · | the                rate of delinquencies and amounts of                charge-offs; |
|--------|--------|-------------------------------------------------------------------------------------|

|   | · | the                rates of loan growth; |
|--------|--------|------------------------------------------|

|   | · | adverse                changes in asset quality and resulting credit risk-related losses                and                expenses; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | · | changes                in the securities markets; and |
|--------|--------|-------------------------------------------------------|

|   | · | other                risks and uncertainties detailed from time to time in our filings                with the                Securities and Exchange Commission. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Critical      Accounting Policies**

----

*Index*

*Allowance      for Loan Losses*

*Deferred      Income Taxes*

*Stock-based      compensation*

**Overview**

**Financial      Condition**

----

*Index*

**Composition      of Loan Portfolio**

**June      30, 2007**

| Category                                 |   | Amount |        |   | Percent                ofTotal |   |
|------------------------------------------|--------|--------|-------------|--------|--------------------------------|--------|
|                                     |   |   |        |   |                           |   |
| Construction                loans        |   | $      | 59,887,000  |   |                           |   | 52.33 | % |
| Other                real estate loans   |   |   | 40,539,000  |   |                           |   | 35.43 | % |
| Commercial                loans          |   |   | 10,075,000  |   |                           |   | 8.80 | % |
| Other                loans               |   |   | 3,933,656   |   |                           |   | 3.44 | % |
|                                     |   |   | 114,434,656 |   |                           |   | 100.00 | % |
| Allowance                for loan losses |   |   | (1,316,342  | )      |                           |   |   |   |
|                                     |   | $      | 113,118,314 |   |                           |   |   |   |

**Results      of Operations for the Six Months Ended June 30, 2007 and      2006**

|   | a. | Interest                income, which represents interest received on interest earning assets,                was                $5,781,042 for the first six months of 2007 and $3,694,217 for the                first                six months of 2006.  The cost of funds, which represents                interest paid on deposits and borrowings, was $3,172,536 for the                first six                months of 2007 and $1,622,668 first six months of                2006. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Index*

| Description                                |   | AvgAssets/Liabilities |    |   | InterestIncome/Expense |   |   | Yield/Cost |   |
|--------------------------------------------|--------|-----------------------|---------|--------|------------------------|--------|--------|------------|--------|
|                                       |   |                  |    |   |                   |   |   |       |   |
| Federal                funds sold          |   | $                     | 1,609   |   |                   | $      | 42     |       |   |   | 5.26 | % |
| Securities                                 |   |                  | 21,380  |   |                   |   | 514    |       |   |   | 4.85 | % |
| Loans                                      |   |                  | 108,776 |   |                   |   | 5,182  |       |   |   | 9.61 | % |
| Other                                      |   |                  | 1,047   |   |                   |   | 43     |       |   |   | 8.28 | % |
| Total                                      |   | $                     | 132,812 |   |                   |   | 5,781  |       |   |   | 8.78 | % |
| Money                market/NOW accounts   |   | $                     | 8,697   |   |                   |   | 153    |       |   |   | 3.55 | % |
| Savings                                    |   |                  | 815     |   |                   |   | 6      |       |   |   | 1.48 | % |
| CDs                                        |   |                  | 99,140  |   |                   |   | 2,665  |       |   |   | 5.42 | % |
| Other                borrowings            |   |                  | 12,877  |   |                   |   | 349    |       |   |   | 5.46 | % |
| Total                                      |   | $                     | 121,529 |   |                   |   | 3,173  |       |   |   | 5.26 | % |
|                                       |   |                  |    |   |                   |   |   |       |   |   |   |   |
| Net                interest income         |   |                  |    |   |                   | $      | 2,608  |       |   |   |   |   |
| Net                yield on earning assets |   |                  |    |   |                   |   |   |       |   |   | 3.96 | % |

| Description                                |   | AvgAssets/Liabilities |   |   | InterestIncome/Expense |   |   | Yield/Cost |   |
|--------------------------------------------|--------|-----------------------|--------|--------|------------------------|--------|--------|------------|--------|
|                                       |   |                  |   |   |                   |   |   |       |   |
| Federal                funds sold          |   | $                     | 2,963  |   |                   | $      | 73     |       |   |   | 4.96 | % |
| Securities                                 |   |                  | 17,579 |   |                   |   | 377    |       |   |   | 4.29 | % |
| Loans                                      |   |                  | 68,834 |   |                   |   | 3,232  |       |   |   | 9.39 | % |
| Other                                      |   |                  | 528    |   |                   |   | 12     |       |   |   | 4.39 | % |
| Total                                      |   | $                     | 89,904 |   |                   |   | 3,694  |       |   |   | 8.22 | % |
| Transactional                accounts      |   | $                     | 7,745  |   |                   |   | 80     |       |   |   | 2.07 | % |
| Savings                                    |   |                  | 815    |   |                   |   | 6      |       |   |   | 1.43 | % |
| CDs                                        |   |                  | 64,438 |   |                   |   | 1,434  |       |   |   | 4.45 | % |
| Other                borrowings            |   |                  | 5,533  |   |                   |   | 103    |       |   |   | 3.72 | % |
| Total                                      |   | $                     | 78,531 |   |                   |   | 1,623  |       |   |   | 4.13 | % |
|                                       |   |                  |   |   |                   |   |   |       |   |   |   |   |
| Net                interest income         |   |                  |   |   |                   | $      | 2,071  |       |   |   |   |   |
| Net                yield on earning assets |   |                  |   |   |                   |   |   |       |   |   | 4.61 | % |

|   | b. | For                the first six months of 2007, non-interest income amounted to $153,341,                or                .22% of average assets.  For the first six months of 2006,                non-interest income amounted to $82,901 or .17% of average assets.                Because                the Bank is in a growth mode, it prices its services very competitively                in                order to grow deposits. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | For                the first six months of 2007, the provision for loan losses was $149,000                as compared to $197,500 for the first six months of 2006.  Net                charge-offs were $27,611 for the first six months of 2007 as compared                to                $2,606 for the first six months of 2006.  Non performing loans                totaled $762,000 as of June 30, 2007 as compared to $807,000 at December                31, 2006 and none as of June 30, 2006. The allowance for loan losses                as a percentage of gross loans was at 1.15% at June 30, 2007 as                compared to 1.16% December 31, 2006. Management considers the allowance                for loan losses to be adequate and sufficient to absorb possible                future                losses; however, there can be no assurance that charge-offs in future                periods will not exceed the allowance for loan losses or that additional                provisions to the allowance will not be                required. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Index*

|   | d. | The                  Company adopted the fair value recognition provisions of FASB Statement                  No. 123 (R), *Share Based Payment* effective January 1, 2006, using                  the modified- prospective-transition method. The impact upon adoption                  was                  to reduce net income for the first six months of 2006 by                  $200,000.  Share-based compensation expense for the first six                  months of 2007 was $23,150.  The decrease in shared-based                  compensation expense is because approximately 80% of the options                  and                  warrants were vested as of December 31, 2006.  The Company did                  not grant any options in the first six months of 2007.  No                  modifications were made to outstanding options and warrants and                  there have                  been no significant changes to valuation methodologies or assumptions.                  There have not been any significant changes in the quantity, types                  or                  terms of instruments used in share-based payment programs.  At                  June 30, 2007, total compensation cost related to nonvested awards                  not yet recognized is $132,642 which is expected to be recognized                  over a                  weighted average period of 1.3                  years. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | The                provision for income taxes for the first six months of 2007 was $191,850                as compared to $143,400 for first six months of 2006.  The                amounts provided take into account all share-based compensation expense                recognized for which an income tax benefit will not be                received. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Results      of Operations for the Three Months Ended June 30, 2007 and      2006**

|   | a. | Interest                income was $2,986,716 for the three month period ended June 30, 2007                and                $2,029,359 for the three month period ended June 30,                2006.  The cost of funds was $1,649,765 for the three month                period ended June 30, 2007 and $911,324 for the three month period                ended                June 30, 2006. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Description                                |   | AvgAssets/Liabilities |    |   | InterestIncome/Expense |   |   | Yield/Cost |   |
|--------------------------------------------|--------|-----------------------|---------|--------|------------------------|--------|--------|------------|--------|
|                                       |   |                  |    |   |                   |   |   |       |   |
| Federal                funds sold          |   | $                     | 1,651   |   |                   | $      | 22     |       |   |   | 5.27 | % |
| Securities                                 |   |                  | 21,532  |   |                   |   | 260    |       |   |   | 4.84 | % |
| Loans                                      |   |                  | 111,545 |   |                   |   | 2,691  |       |   |   | 9.68 | % |
| Other                                      |   |                  | 990     |   |                   |   | 14     |       |   |   | 5.77 | % |
| Total                                      |   | $                     | 135,718 |   |                   |   | 2,987  |       |   |   | 8.83 | % |
| Transactional                accounts      |   | $                     | 8,965   |   |                   |   | 86     |       |   |   | 3.84 | % |
| Savings                                    |   |                  | 791     |   |                   |   | 3      |       |   |   | 1.52 | % |
| CDs                                        |   |                  | 103,701 |   |                   |   | 1,412  |       |   |   | 5.46 | % |
| Other                borrowings            |   |                  | 10,354  |   |                   |   | 149    |       |   |   | 5.78 | % |
| Total                                      |   | $                     | 123,811 |   |                   |   | 1,650  |       |   |   | 5.34 | % |
|                                       |   |                  |    |   |                   |   |   |       |   |   |   |   |
| Net                interest income         |   |                  |    |   |                   | $      | 1,337  |       |   |   |   |   |
| Net                yield on earning assets |   |                  |    |   |                   |   |   |       |   |   | 3.95 | % |

----

*Index*

| Description                                |   | AvgAssets/Liabilities |   |   | InterestIncome/Expense |   |   | Yield/Cost |   |
|--------------------------------------------|--------|-----------------------|--------|--------|------------------------|--------|--------|------------|--------|
|                                       |   |                  |   |   |                   |   |   |       |   |
| Federal                funds sold          |   | $                     | 3,318  |   |                   | $      | 43     |       |   |   | 5.17 | % |
| Securities                                 |   |                  | 18,378 |   |                   |   | 199    |       |   |   | 4.34 | % |
| Loans                                      |   |                  | 73,713 |   |                   |   | 1,781  |       |   |   | 9.66 | % |
| Other                                      |   |                  | 510    |   |                   |   | 6      |       |   |   | 5.05 | % |
| Total                                      |   | $                     | 95,919 |   |                   |   | 2,029  |       |   |   | 8.46 | % |
| Transactional                accounts      |   | $                     | 7,815  |   |                   |   | 41     |       |   |   | 2.13 | % |
| Savings                                    |   |                  | 865    |   |                   |   | 3      |       |   |   | 1.41 | % |
| CDs                                        |   |                  | 70,039 |   |                   |   | 814    |       |   |   | 4.65 | % |
| Other                borrowings            |   |                  | 5,578  |   |                   |   | 53     |       |   |   | 3.78 | % |
| Total                                      |   | $                     | 84,297 |   |                   |   | 911    |       |   |   | 4.32 | % |
|                                       |   |                  |   |   |                   |   |   |       |   |   |   |   |
| Net                interest income         |   |                  |   |   |                   | $      | 1,118  |       |   |   |   |   |
| Net                yield on earning assets |   |                  |   |   |                   |   |   |       |   |   | 4.66 | % |

|   | b. | For                the three month period ended June 30, 2007, non-interest income amounted                to $80,213, or .22% of average assets.  For the three month                period ended June 30, 2006, non-interest income amounted to $42,631                or                .18% of average assets. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | For                the three months ended June 30, 2007, the provision for loan losses                was                $58,000 as compared to $129,000 for the three months ended June 30,                2006.                Net charge-offs were $23,071 for the three months ended June 30,                2007 as                compared to $1,725 for the three months ended June 30,                2006. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | The                provision for income taxes for the three months ended June 30, 2007                was                $80,800 as compared to $83,000 for the three months ended June 30,                2006.  The amounts provided take into account all shared-based                compensation expense for which an income tax benefit will not be                received. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Liquidity**

----

*Index*

**Capital      Resources**

|                                      |   | Freedom                BankJune 30, 2007 |   |   | FreedomBancshares,                Inc.June 30, 2007 |   |   | RegulatoryRequirement |   |
|-------------------------------------------|--------|----------------------------------------------------|--------|--------|---------------------------------------------------------------|--------|--------|-----------------------|--------|
|                                      |   |                                               |   |   |                                                          |   |   |                  |   |
| Leverage                ratio             |   |                                               | 8.36   | %      |                                                          |   | 9.18   | %                     |   |   | 4.0 | % |
| Tier                1 Risk weighted ratio |   |                                               | 9.83   | %      |                                                          |   | 10.79  | %                     |   |   | 4.0 | % |
| Tier                2 Risk weighted ratio |   |                                               | 10.90  | %      |                                                          |   | 11.85  | %                     |   |   | 8.0 | % |

**Regulatory      Matters **

----

*Index*

| **Part                I.** | **Financial                Information** |
|----------------------------|------------------------------------------|

| **Item                3.** | **Controls                and Procedures** |
|----------------------------|--------------------------------------------|

----

*Index*

**FREEDOM      BANCSHARES, INC.**

**AND      SUBSIDIARY**

| **PartII.** | **Other                Information** |
|-------------|--------------------------------------|

| **Item                1.** | **Legal                Proceedings**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                       | None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| **Item                2.** | **Unregistered                Sales of Equity Securities and Use of Proceeds**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                       | On                January 31, 2007, the Company commenced a private placement of 350,000                shares of its $1.00 par value common stock. Pursuant to Rule 506 of                the Securities Act of 1933, the common stock is being offered only                to                accredited investors and up to 35 unaccredited investors. During                the                period covered by this report, the Company sold 71,216 shares of                its                common stock at a price of $14.75 per share, which resulted in proceeds                of                $1,050,436 to the Company.  The total proceeds from the offering                (including amounts sold in the first quarter of 2007) were                $1,109,436. |
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| **Item                3.** | **Defaults                Upon Senior Securities**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                       | None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| **Item                4.** | **Submission                of Matters to a Vote of Security Holders**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                       | We                held our Annual Meeting of Shareholders on May 16, 2007, where the                following four directors were elected to serve a three-year term                expiring                at the 2010 Annual Meeting of Shareholders and upon the election                and                qualification of their successors:  Harold C. Davis, Thomas H.                Hardy, James S. Purcell, and Verlin L. Reese.  There were no                broker votes.  The votes were as                follows:                                                                                                                                                                                                                                    |

|                            | FOR     |   | AGAINST |   | WITHHELD |
|---------------------------------|---------|--------|---------|--------|----------|
|                            |    |   |    |   |     |
| Harold                C. Davis  | 744,083 |   | 0       |   | 0        |
| Thomas                H. Hardy  | 744,083 |   | 0       |   | 0        |
| James                S. Purcell | 744,083 |   | 0       |   | 0        |
| Verlin                L. Reese  | 744,083 |   | 0       |   | 0        |

|                       | The                terms of our Class II Directors - Richard S. Adams, Sr., William                Keith                Ariail, Claude Philip Brown and Vincent D. Cater - will continue                until the                2008 Annual Meeting of Shareholders and upon the election and                qualification of their successors.  The terms of our Class III                Directors - Donald S. Shubert, Ronald R. Silva, Jr., and Harold L.                Swindell - will continue until the 2009 Annual Meeting of Shareholders                and                upon the election and qualification of their                successors. |
|----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **Item                5.** | **Other                Information**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                       | None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

----

*Index*

| **Item                6.** | **Exhibits** |
|----------------------------|--------------|
|                       |         |

| Number | Description                                                                                                                                                                                                                |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                       |
| 31.1   | Certification                of the Chief Executive Officer, pursuant to Rule 15d-14(a) under                the                Securities Exchange Act of 1934.                                                           |
| 31.2   | Certification                of the Chief Financial Officer, pursuant to Rule 15d-14(a) under                the                Securities Exchange Act of 1934.                                                           |
| 32.1   | Certification                of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as                adopted                pursuant to Rule 15d-14(b) under the Securities Exchange Act of                1934. |
| 32.2   | Certification                of Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as                adopted                pursuant to Rule 15d-14(b) under the Securities Exchange Act of                1934. |

----

*Index*

**FREEDOM      BANCSHARES, INC.**

**AND      SUBSIDIARY**

|                           |                                                 |
|--------------------------------|------------------------------------------------------|
|                           | Freedom                Bancshares, Inc.              |
|                           | (Registrant)                                         |
|                      |                                            |
| August                14, 2007 | /s/                Vincent D. Cater                  |
|                           | President                and Chief Executive Officer |
|                           | (Principal                Executive Officer)         |
|                           |                                                 |
|                           |                                                 |
| August                14, 2007 | /s/                Clyde A. McArthur                 |
|                           | Chief                Financial Officer               |
|                           | (Principal                Accounting Officer)        |

----