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, 2003
                                                         --------------
                             OR

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
         OF THE SECURITIES EXCHANGE ACT OF 1934


         COMMISSION FILE NUMBER:    000-50224
                                    ---------

                             SECURITY CAPITAL CORPORATION
           ________________________________________________________________
          (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)

                    MISSISSIPPI                     64-0681198
             (STATE OF INCORPORATION)  (I.R.S. EMPLOYER IDENTIFICATION NO.)

            295 HIGHWAY 6 WEST
            P. O. BOX 690
            BATESVILLE, MISSISSIPPI                     38606
            -----------------------                   ----------
              (ADDRESS OF PRINCIPAL                   (ZIP CODE)
                 EXECUTIVE OFFICES)


                                    662-563-9311
                 ________________________________________________
                 (ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE)

                                         NONE
        ___________________________________________________________________
        (FORMER NAME, ADDRESS AND FISCAL YEAR, IF CHANGED SINCE LAST REPORT

INDICATE BY CHECK MARK WHETHER THE ISSUER:  (1) HAS FILED ALL REPORTS
REQUIRED TO BE FILED BY SECTION 13 OR 15 (D) OF THE SECURITIES
EXCHANGE ACT OF 1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH
SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS),
AND (2) HAS BEEN SUBJECT TO SUCH FILING REQUIREMENTS FOR THE PAST 90
DAYS.

                                [X]  YES   [ ]   NO

TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE):   [ ] YES  [X] NO


INDICATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE ISSUER'S CLASSES OF
COMMON STOCK AS OF JUNE 30, 2003.

              TITLE                                        OUTSTANDING
    COMMON STOCK, $5.00 PAR VALUE                            2,248,791


                         SECURITY CAPITAL CORPORATION
             SECOND QUARTER 2003 INTERIM FINANCIAL STATEMENTS



TABLE OF CONTENTS

PART I.      FINANCIAL STATEMENTS

Item 1.      Consolidated Financial Statements

             Consolidated Statements of Condition
             June 30, 2003 and December 31, 2002

             Consolidated Statements of Income
             Three and six months ended June 30, 2003 and 2002

             Consolidated Statements of Comprehensive Income
             Three and six months ended June 30, 2003 and 2002

             Consolidated Statements of Cash Flows
             Three and six months ended June 30, 2003 and 2002

             Notes to Consolidated Financial Statements

Item 2.      Management's Discussion and Analysis or Plan of Operation

Item 3.      Controls and Procedures


PART II.     OTHER INFORMATION

Item 1.      Legal Proceedings

Item 2.      Changes in Securities

Item 3.      Defaults upon Senior Securities

Item 4.      Submission of Matters to a Vote of Security Holders

Item 5.      Other Information

Item 6.      Exhibits and Reports on Form 8-K





PART I - FINANCIAL INFORMATION

ITEM NO. 1.  FINANCIAL STATEMENTS

                         SECURITY CAPITAL CORPORATION
                          CONSOLIDATED BALANCE SHEETS
                   (Dollar amounts presented in thousands)


                                                      Unaudited
                                                       June 30,    December 31,
                                                         2003          2002
                                                       ________      ________

      ASSETS

Cash and due from banks                                $ 13,417      $ 13,578
Interest-bearing deposits with banks                        409           127
                                                       ________      ________
   Total cash and cash equivalents                       13,826        13,705
Federal funds sold                                        7,479        15,760
Certificates of deposit with other banks                    690         1,851
Securities available-for-sale                            92,378        75,617
Loans, less allowance for loan losses of
   $3,610 in 2003 and $3,455 in 2002                    195,845       184,060
Interest receivable                                       2,706         2,699
Premises and equipment                                   13,019        12,995
Intangible assets                                         3,734         3,734
Cash surrender value of life insurance                    3,283         3,079
Other assets                                              3,419         2,096
                                                       ________      ________

Total Assets                                           $336,379      $315,596
                                                       ========      ========

      LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities:
   Noninterest-bearing deposits                        $ 49,499      $ 32,278
   Time deposits of $100,000 or more                     44,954        52,362
   Other interest-bearing deposits                      188,144       180,957
                                                       ________      ________
      Total deposits                                    282,597       265,597
   Interest payable                                         598           714
   Borrowed funds                                         9,051         9,929
   Other liabilities                                      3,236         1,499
                                                       ________      ________
Total Liabilities                                       295,482       277,739
                                                       ________      ________
Shareholders' equity:
   Common stock - $5 par value, 5,000,000
   shares authorized, 2,267,697 shares issued in
   2003 and 2002                                         11,338        11,338
Surplus                                                  22,337        22,311
Retained Earnings                                         5,539         2,681
Accumulated other comprehensive income                    1,778         1,627
Treasury stock, at par, 18,906 shares and
   20,006 shares in 2003 and 2002 respectively              (95)         (100)
                                                       ________      ________
Total Shareholders' Equity                               40,897        37,857
                                                       ________      ________
Total Liabilities and Shareholders' Equity             $336,379      $315,596
                                                       ========      ========

                           SECURITY CAPITAL CORPORATION
                         CONSOLIDATED STATEMENTS OF INCOME
                      (Dollar amounts presented in thousands)

                                           (Unaudited)        (Unaudited)
                                     For the three months  For the six months
                                        ended June 30,       ended June 30,
                                        2003      2002       2003      2002
                                       ______    ______     ______    ______
INTEREST INCOME
Interest and fees on loans             $3,491    $3,315     $6,763    $6,563
Interest and dividends on
  securities                              830       771      1,651     1,541
Federal funds sold                          9        16         48        45
Other                                      20       107         59       228
                                       ______    ______     ______    ______

   Total interest income                4,350     4,209      8,521     8,377

INTEREST EXPENSE
Interest on deposits                      918     1,020      1,892     2,154
Interest on borrowings                     80       127        173       231
                                       ______    ______     ______    ______
   Total interest expense                 998     1,147      2,065     2,385
                                       ______    ______     ______    ______

Net Interest Income                     3,352     3,062      6,456     5,992

Provision for loan losses                 162       166        323       338
                                       ______    ______     ______    ______
Net interest income after
   provision for loan losses            3,190     2,896      6,133     5,654

OTHER INCOME
Service charges on deposit accounts       957       916      1,888     1,785
Trust Department income                   253       194        467       354
Securities net gain                       -         -            1       -
Other income                              192       326        356       412
                                       ______    ______     ______    ______
   Total other income                   1,402     1,436      2,712     2,551

OTHER EXPENSES
Salaries and employee benefits          1,755     1,613      3,443     3,164
Occupancy expense                         312       289        593       609
Other operating expense                   658       594      1,212     1,193
                                       ______    ______     ______    ______
   Total other expenses                 2,725     2,496      5,248     4,966

INCOME BEFORE PROVISION
   FOR INCOME TAXES                     1,867     1,836      3,597     3,239

PROVISION FOR INCOME TAXES                380       476        740       863
                                       ______    ______     ______    ______

NET INCOME                             $1,487    $1,360     $2,857    $2,376
                                       ======    ======     ======    ======
NET INCOME PER SHARE
   Basic                               $ 0.66    $ 0.64     $ 1.27    $ 1.11
   Diluted                             $ 0.66    $ 0.64     $ 1.27    $ 1.11



                           SECURITY CAPITAL CORPORATION
                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
                    (dollar amounts presented in thousands)



                                           (Unaudited)        (Unaudited)
                                     For the three months  For the six months
                                        ended June 30,       ended June 30,
                                        2003      2002       2003      2002
                                       ______    ______     ______    ______

Net income                             $1,487    $1,360     $2,857    $2,376

Other comprehensive income, net of
  tax:
    Reclassification adjustment
      for gains included in net
      income                              -          -           1       -

    Unrealized holding gains              200       590        150       381
                                       ______    ______     ______    ______
                                          200       590        151       381
                                       ______    ______     ______    ______

Comprehensive income                   $1,687    $1,950     $3,008    $2,757
                                       ======    ======     ======    ======



                             SECURITY CAPITAL CORPORATION

                        CONSOLIDATED STATEMENTS OF CASH FLOWS


                                                               (Unaudited)
                                                            Six Months Ended
                                                                 June 30,
                                                           __________________
                                                             2003      2002
                                                           ________  ________

CASH FLOWS FROM OPERATING ACTIVITIES:
NET INCOME                                                 $  2,857  $  2,376
Adjustments to reconcile net income to
  net cash provided by operating activities:
Provision for loan losses                                       515       651
Amortization of premiums and discounts on
  securities, net                                               770       187
Depreciation and amortization                                   362       367
FHLB stock dividend                                             (10)      (16)
Loss (gain) on sale of securities                                (1)      -
Loss (gain) on sale of other assets                             (27)      229
Changes in:
Interest receivable                                              (7)       93
Other assets                                                 (1,226)   (1,743)
Interest payable                                               (116)     (485)
Other liabilities                                             1,075     1,450
                                                           ________  ________
Net cash provided by operating activities                     4,192     3,109

CASH FLOWS FROM INVESTING ACTIVITIES
Changes in:
  Federal funds sold                                          8,281     4,650
  Certificates of deposits with other banks                   1,161       198
  Loans                                                     (11,940)   (7,300)
Purchase of securities available for sale                   (33,921)  (11,110)
Proceeds of maturities and calls of securities
  available for sale                                         15,892     7,440
Additions to premises and equipment                            (201)   (1,287)
Proceeds of sale of other assets                                 45       254
Increase in life insurance                                     (204)   (2,016)
                                                           ________  ________
Net cash provided by (used in) investing activities         (20,887)   (9,171)

CASH FLOWS FROM FINANCING ACTIVITIES
Changes in:
  Deposits                                                   17,662     1,400
Reissuance of treasury stock                                     32         3
Repayment of debt                                            (1,578)     (495)
Proceeds from issuance of debt                                  700     4,445
                                                           ________  ________
Net cash provided by (used in) financing activities          16,816     5,353
                                                           ________  ________
Net increase (decrease) in cash and cash equivalents            121      (709)

Cash and cash equivalents at beginning of year               13,705    18,803
                                                           ________  ________
Cash and cash equivalents at end of period                 $ 13,826  $ 18,094
                                                           ========  ========

Supplemental Disclosures of Cash Flow Information

Cash paid during the year for:
  Interest                                                 $  2,181  $  2,870
  Income taxes                                             $    837  $    863




                            SECURITY CAPITAL CORPORATION

               NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE A - BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements have been
prepared in accordance with generally accepted accounting principles
for interim financial statements and with the instructions to Form 10-
QSB and Item 310 (b) of Regulation S-B of the Securities and Exchange
Commission.  Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting principles for
complete financial statements.  However, in the opinion of management,
all adjustments (consisting of normal recurring adjustments)
considered necessary for fair presentation have been included.
Operating results for the six months ended June 30, 2003, are not
necessarily indicative of the results that may be expected for the
year ended December 31, 2003.  For further information, please refer
to the Company's Form 10-SB filed March 28, 2003, which will include
the consolidated financial statements and footnotes for the year ended
December 31, 2002.

NOTE B - SUMMARY OF ORGANIZATION

Security Capital Corporation (the "Company") was incorporated
September 16, 1982, under the laws of the State of Mississippi for the
purpose of acquiring First Security Bank and serving as a one-bank holding
company.

First Security Bank and Batesville Security Building Corporation are
wholly owned subsidiaries of the Company.

First Security Bank was originally chartered under the laws of the
State of Mississippi on October 25, 1951 and engages in a wide range
of commercial banking activities and emphasizes it local management,
decision-making and ownership.  The Bank offers a full range of
banking services designed to meet the basic financial needs of its
customers.  These services include checking accounts, NOW accounts,
money market deposit accounts, savings accounts, certificates of
deposit, and individual retirement accounts.  The Bank also offers a
wide range of personal and corporate trust services and commercial,
agricultural, mortgage and personal loans. Its full-service banking
locations expanded to ten with the October 31, 2001 opening in Olive
Branch, Mississippi and the July 1, 2002 opening in Hernando,
Mississippi.

Batesville Security Building Corporation, the non-bank subsidiary, was
chartered under the laws of the State of Mississippi on June 23, 1971,
generally, to deal and manage real estate and personal property and is
currently inactive.

The Company filed the initial registration, Form 10-SB, with the
Securities and Exchange Commission on March 28, 2003 having reached
and exceeded 500 shareholders in 2002.

NOTE C - EARNINGS PER COMMON SHARE

Basic per share data is calculated based on the weighted average
number of common shares outstanding during the reporting period.
Diluted per share data includes any dilution from potential common
stock outstanding, such as exercise of stock options.



                                           For the Three Months Ended
                                                 June 30, 2003
                                      ____________________________________
                                      Net Income     Shares     Per Share
                                     (Numerator) (Denominator)     Data
                                      __________   __________   __________

Basic per share                       $1,487,304    2,248,458          .66

Effect of dilutive shares:*                    0            0
                                      __________   __________   __________

Diluted per share                     $1,487,304    2,248,458          .66


                                           For the Six Months Ended
                                                 June 30, 2003
                                      ____________________________________
                                      Net Income     Shares     Per Share
                                     (Numerator) (Denominator)     Data
                                      __________   __________   __________

Basic per share                       $2,857,289    2,248,140         1.27

Effect of dilutive shares:*                    0            0
                                      __________   __________   __________

Diluted per share                     $2,857,289    2,248,140         1.27



                                           For the Three Months Ended
                                                  June 30, 2002

                                      ____________________________________
                                      Net Income     Shares     Per Share
                                     (Numerator) (Denominator)     Data
                                      __________   __________   __________

Basic per share                       $1,360,148    2,140,887          .64

Effect of dilutive shares:*                    0            0
                                      __________   __________   __________

Diluted per share                     $1,360,148    2,140,887          .64


                                             For the Six Months Ended
                                                  June 30, 2003
                                      ____________________________________
                                      Net Income     Shares     Per Share
                                     (Numerator) (Denominator)     Data
                                      __________   __________   __________

Basic per share                       $2,375,870    2,140,887         1.11

Effect of dilutive shares:*                    0            0
                                      __________   __________   __________

Diluted per share                     $2,375,870    2,140,887         1.11

*  There was no dilution from potential common stock outstanding at
   June 30, 2003 and June 30, 2002.


ITEM NO. 2   MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
             AND RESULTS OF OPERATIONS

The following discussion contains "forward-looking statements"
relating to, without limitation, future economic performance, plan and
objectives of management for future operations, and projections of
revenues and other financial items that are based on the beliefs of
the Company's management, as well as assumptions made by and
information currently available to the Company's management.  The
words "expect," "estimate," "anticipate," and "believe," as well as
similar expressions, are intended to identify forward-looking
statements.  The Company's actual results may differ and the Company's
operating performance each quarter is subject to various risks and
uncertainties that are discussed in detail in the Company's filing of
the Form 10-SB with the Securities and Exchange Commission.

The subsidiary Bank represents the primary assets of the Company.   On
June 30, 2003, First Security Bank had approximately $336.2 million in
assets compared to $287.2 million at June 30, 2002.  Loans increased
to $199.3 million at June 30, 2003 from $177.4 million at June 30,
2002.  On June 30, 2003, deposits totaled 283.2 million as compared to
a total of $237.2 million on June 30, 2002.  For the six months ended
June 30, 2003 and June 30, 2002, the Bank reported income of
approximately $2,955,000 and $2,458,000, respectively.

NONPERFORMING ASSETS AND RISK ELEMENTS.

Diversification within the loan portfolio is an important means of
reducing inherent lending risks.  The loan portfolio is represented of
the following mix:  Commercial 9.22%; Agricultural 3.5%; Real Estate
73.62%; Consumer 12.87% and Other .85%.  The major components of the
real estate loans are 23.42% for construction and land development
property, 27.98% for first liens on 1-4 family residential property
and 36.62% for nonfarm and nonresidential property.

At June 30, 2003, the subsidiary bank had loans past due as follows:

                                                  (in thousands)
     Past due 30 days through 89 days                 $3,860
     Past due 90 days or more and still accruing      $  501

The accrual of interest is discontinued on loans which become ninety
days past due unless the loans are adequately secured and in the
process of collection.  Of the $3,491 thousand recognized as loan
interest and fee income for the six months ended June 30, 2003, $18.3
thousand represents interest income attributable to the $501 loans
classified as being ninety days past due on June 30, 2003.  Nonaccrual
loans totaled $138 thousand at June 30, 2003.  If the nonaccrual loans
had been performing during the first six months of 2003, interest
income and fees would be increased by $4.8 thousand.  Any other real
estate owned is carried at lower of cost or current appraised value
less cost to dispose.  Other real estate at June 30, 2003 totaled $221
thousand.  A loan is classified as a restructured loan when the
interest rate is materially reduced or the term is extended beyond the
original maturity date because of the inability of the borrower to
service the debt under the original terms.  The subsidiary bank had no
restructured loans at June 30, 2003.  In addition, there were no known
potential problem loans other than those disclosed.

The Allowance for Loan Losses increased to $3,610 thousand from $3,455
thousand for the six-month period.  The increase resulted from
recoveries of $192 thousand and an expense allocation of $323 thousand
reduced by charge-offs of $360 thousand.  The charge-offs occurred in
the following loan types:  construction and land development, $4
thousand; 1-4 family residential properties, $49 thousand; commercial
and industrial, $52 thousand; credit cards, $5 thousand; and consumer
loans, $250 thousand.  Recoveries were composed of collections in
construction and land development loans of $5 thousand; in 1-4 family
residential property loans of $5 thousand;  in  nonfarm-/nonresidential
property loans of $16 thousand; in commercial and industrial loans of
$11 thousand;  in other loans of $6 thousand; and in consumer loans of
$149 thousand.  The following loan categories or gradings comprise the
allowance as of June 30, 2003: Unclassified loans (1%), $1,501,872;
Substandard loans (15%), $180,578; Doubtful loans (50%), $5,239;
Bankruptcy loans (19%), $379,995; Credit card loans (4%), $35,040;
Agricultural production and real estate loans (3%), $771,900; Consumer
loans without real estate (1%); $474,271; and Watch loans (4%),
$261,261.  The percentages of the loan balances used to calculate the
required reserve against possible future loss were derived from an
experience history and risk factors.

LIQUIDITY

The Company has an asset and liability management program that assists
management in maintaining net interest margins during times of both
rising and falling interest rates and in maintaining sufficient
liquidity.    As of June 30, 2003, Security Capital Corporation had a
positive gap position in a 12-month time frame.  The policy dictates a
minimum liquidity ratio of 15%.  In the liquidity analysis for 2003, a
1% increase in market rates will increase net interest income by
approximately 3.59% while a decrease in market rates will reduce net
interest income by 1.56%.  The Company's policy allows for no more
than a 10% movement in NII (net interest income), in a 200 basis point
ramp of market rates over a one-year period.  Currently, a 200 basis
point movement down would reduce NII by 3.35% while an upward movement
of the same amount would increase NII by 6.3%.  When funds exceed the
needs for reserve requirements or short-term liquidity needs, the
company will increase its security investments or sell federal funds.
It is management's policy to maintain an adequate portion of its
portfolio of assets and liabilities on a short-term basis to insure
rate flexibility and to meet loan funding and liquidity needs.  At
June 30, 2003, the tools to meet these needs are the secured and
unsecured lines of credit with the correspondent banks totaling $23
million (to borrow federal funds) and the line of credit with the
Federal Home Loan Bank that exceeds $87 million.  At June 30, 2003,
the Company had available (unused) line of credit of approximately
$87 million.

CAPITAL RESOURCES

Total consolidated equity capital at June 30, 2003 was $40.9 million
or approximately 12.2% of total assets.  The main source of capital
for the Corporation has been the retention of net income.

Quantitative measures established by regulation to ensure capital
adequacy require the Company to maintain minimum amounts and ratios of
Total Capital, Tier 1 Capital and Leverage Capital.  Currently, the
Company and the Bank have adequate capital positions as of June 30,
2003 as reflected below:

                                    Corporation  Bank
Risk-Based Capital Ratio               Ratio     Ratio     Requirements
________________________               _____     _____     ____________

Total Capita                          l16.26%    15.66%         8%
Tier 1 Capital                         15.01%    14.41%         4%
Leverage Capital                       10.87%    10.43%         3%

RESULTS OF OPERATIONS

The Company had a consolidated net income for $2.86 million for the
six months ending June 30, 2003, compared with consolidated net income
of $2.38 million for the six months ending June 30, 2002.

Interest income increased to $8.5 million for the six months ending
June 30, 2003 from $8.4 million for the six months ending June 30,
2002, or an increase of 1.72%.  Earning assets through June 30, 2003,
increased $46 million and interest-bearing liabilities also increased
$37 million compared to June 30, 2002, reflecting an increase of
18.67% and 17.37%, respectively.

Noninterest income for the three months ending June 30, 2003, was $2.7
million compared to $2.6 million for the same period in 2002,
reflecting an increase of $160 thousand or 6.27%.   Included in
noninterest income are service charges on deposit accounts, which for
the six months ended June 30, 2003, totaled $1,888 thousand, compared
to $1,785 thousand for the same period in 2002, and is a reflection of
continued growth of the deposit base as well as improvement in the fee
pricing structure.

The provision for loan losses was $323 thousand in the first six
months of 2003 compared with $338 thousand for the same period in 2002
showing a decrease of $15 thousand.  The Allowance for Loan Losses of
$3,610 thousand on June 30, 2003 (approximately 1.81% of loans) is
considered by management to be adequate to cover losses inherent in
the loan portfolio.  The level of this allowance is dependent upon a
number of factors, including the total amount of past due loans,
general economic conditions, and management's assessment of potential
losses.  This evaluation is inherently subjective, as it requires
estimates that are susceptible to significant change.  Ultimately,
losses may vary from current estimates and future additions to the
allowance may be necessary.  Thus, there can be no assurance that
charge-offs in future periods will not exceed the Allowance for Loan
Losses or that additional increases will not be required.  Management
evaluates the adequacy of the Allowance for Loan Losses quarterly and
makes provisions for loan losses based on this evaluation.

Other expense increased by $282 thousand or 5.7% for the six months
ended June 30, 2003, when compared with the same period in 2002.  This
increase is primarily due to the continued growth of the Bank and the
related services being offered.


ITEM NO. 3  CONTROLS AND PROCEDURES

Within 90 days prior to the filing of this report, an evaluation under
the direction and with the participation of our principal executive
officer and principal financial officer was performed to determine the
effectiveness of the design and operation of the disclosure controls
and procedures.   The principal executive officer and the principal
financial officer concluded that our disclosure controls and
procedures are effective in timely alerting them to material
information required to be included in our periodic SEC reports.
There have been no significant changes in the Corporation's internal
controls or in other factors subsequent to the date of the evaluation
that could significantly affect these controls.


                      PART II--OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

         Out of the normal course of business, First Security Bank may be
         defendant in a lawsuit.  In regard to any legal proceedings, which
         occurred during the reporting period, management expects no material
         impact on the Company's consolidated financial position or results
         of operation.

ITEM 2.  CHANGES IN SECURITIES

         None

ITEM 3.  DEFAULT UPON SENIOR SECURITIES

         None

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         The Corporation held its Annual Meeting of Shareholders on
         April 17, 2003 at 10:00 a. m. at the Main Office building of the
         First Security Bank, 295 Highway 6 West, Batesville, Mississippi.
         The total shares issued of 2,267,697 were reduced by 19,706 shares
         held as treasury stock, by 34,181 shares held by irrevocable trust
         in the First Security Bank Trust Department and by 174,385 shares
         held by the First Security Bank Employee Stock Ownership Plan to
         determine the shares eligible to vote of 2,039,425.  At this
         meeting, there were 1,462,897 shares or 71.73% of the
         Corporation's eligible shares of common stock represented either
         in person or by proxy.

         An election was held to elect three Class I directors to a
         three-year term expiring in 2006.  The votes for each nominee were:

                       Larry J. Pratt         1,462,897
                       Frank West             1,462,897
                       Will Hays              1,462,897

ITEM 5.  OTHER INFORMATION

         None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)  Exhibits

              Exhibit No. 31.1 Certification of principal executive
                officer pursuant to Section 302 of the Sarbanes-Oxley Act
                of 2002.

              Exhibit No. 31.2 Certification of principal financial
                officer pursuant to Section 302 of the Sarbanes-Oxley Act
                of 2002.

              Exhibit No. 32.1 Certification of principal executive
                officer pursuant to 18 U. S. C. Section 1350, as
                adopted pursuant to Section 906 of the Sarbanes-Oxley
                Act of 2002.

              Exhibit No. 32.2 Certification of principal financial
                officer pursuant to 18 U. S. C. Section 1350, as
                adopted pursuant to Section 906 of the Sarbanes-Oxley
                Act of 2002.

         (b)  The Company did not file any reports on Form 8-K
              during the quarter ended June 30, 2003.



                                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                         SECURITY CAPITAL CORPORATION

BY /s/ A. Frank West                         BY /s/ Connie W. Hawkins
   _____________________________                _____________________________

   A. Frank West                                Connie W. Hawkins
   President and Chief Executive                Executive Vice-President,
   Officer                                      Cashier and Chief Financial
                                                Officer

   DATE: August 11, 2003                        DATE:  August 11, 2003