FORM 10-Q/A
                                (Amendment No. 1)

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the Quarterly Period Ended June 30, 2003

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

                  For the Transition Period From _____ to ____

                         Commission File Number 0-30062

                            CAPITAL BANK CORPORATION
                            ------------------------
             (Exact name of registrant as specified in its charter)

                       North Carolina            56-2101930
                       --------------            ----------
              (State or other jurisdiction of    (IRS Employer
              incorporation or organization)     Identification No.)

                              4901 Glenwood Avenue
                          Raleigh, North Carolina 27612
                          -----------------------------
               (Address of Principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (919) 645-6400
                                                           --------------

Indicate by check mark whether the registrant (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. a Yes [X] No [_]

Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Rule 12b-2 of the Exchange Act). Yes [_] No [X]

As  of  August  14,  2003,  there  were  6,476,251  shares  outstanding  of  the
registrant's common stock, no par value.




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This  amendment  is being  filed  solely  for the  purpose  of adding  conformed
signatures on the signature  page and to Exhibits  31.1,  31.2,  32.1, and 32.2,
which  signature  page and exhibits were  inadvertently  submitted on August 14,
2003 with blank  signature  lines.  The signature page and each of such exhibits
were  fully  executed  on August 14,  2003,  and a signed  original  of each was
provided  to the  Company on such date and will be  retained  by the Company and
furnished to the Securities and Exchange Commission or it's staff upon request.

Part II - Other Information

Item 6 Exhibits and Reports on Form 8-K
------ --------------------------------

   (a)         Exhibits
               --------
               Exhibit  4.1  In  accordance  with  Item   601(b)(4)(iii)(A)   of
                    Regulation S-K,  certain  instruments  respecting  long-term
                    debt  of the  registrant  have  been  omitted  but  will  be
                    furnished to the Commission upon request.
               Exhibit 31.1  Certification  of James A.  Beck  pursuant  to Rule
                    13a-14(a) and 15d-14(a),  as adopted pursuant to Section 302
                    of the Sarbanes-Oxley Act of 2002
               Exhibit 31.2  Certification  of Allen T. Nelson,  Jr. pursuant to
                    Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section
                    302 of the Sarbanes-Oxley Act of 2002
               Exhibit 32.1 Certification of James A. Beck pursuant to 18 U.S.C.
                    Section  1350,  as Adopted  Pursuant  to Section  906 of the
                    Sarbanes-Oxley  Act of 2002 [This exhibit is being furnished
                    pursuant to Section 906 of the  Sarbanes-  Oxley Act of 2002
                    and shall not, except to the extent required by that act, be
                    deemed to be  incorporated by reference into any document or
                    filed   herewith  for   purposes  of  liability   under  the
                    Securities   Exchange  Act  of  1934,   as  amended  or  the
                    Securities Act of 1933, as amended, as the case may be.]

               Exhibit 32.2  Certification of Allen T. Nelson, Jr pursuant to 18
                    U.S.C.  Section 1350, as Adopted  Pursuant to Section 906 of
                    the  Sarbanes-Oxley  Act of  2002  [This  exhibit  is  being
                    furnished pursuant to Section 906 of the Sarbanes- Oxley Act
                    of 2002 and shall not, except to the extent required by that
                    act,  be deemed to be  incorporated  by  reference  into any
                    document or filed  herewith for purposes of liability  under
                    the  Securities  Exchange  Act of 1934,  as  amended  or the
                    Securities Act of 1933, as amended, as the case may be.]

   (b)    Reports on Form 8-K
          -------------------

          From April 1, 2003 to the date hereof, the Company filed the following
          Current Reports on Form 8-K:

          (1)  Current  Report on Form 8-K filed on April 7, 2003,  regarding an
               upward revision to the Company's fiscal year 2002 earnings.



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<PAGE>


          (2)  Current Report on Form 8-K filed on April 25, 2003, as amended by
               Current  Report on Form 8-K/A  (Amendment  No. 1) filed on May 1,
               2003 reporting  financial results for the quarter ended March 31,
               2003.

          (3)  Current  Report  on Form 8-K  filed on July  23,  2003  reporting
               financial results for the quarter ended June 30, 2003.



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<PAGE>


                                   Signatures

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

                                            CAPITAL BANK CORPORATION


Date:  August 14, 2003                      By: /s/ Allen T. Nelson, Jr.
       ---------------                          --------------------------------
                                                Allen T. Nelson, Jr.,
                                                Executive Vice President and CFO

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<PAGE>




                                  Exhibit Index
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Exhibit 4.1    In accordance  with Item  601(b)(4)(iii)(A)  of Regulation
               S-K,  certain  instruments   respecting  long-term  debt  of  the
               registrant  have  been  omitted  but  will  be  furnished  to the
               Commission upon request.
--------------------------------------------------------------------------------
Exhibit 31.1   Certification of James A. Beck pursuant to Rule 13a-14(a)
               and  15d-14(a),  as  adopted  pursuant  to  Section  302  of  the
               Sarbanes-Oxley Act of 2002
--------------------------------------------------------------------------------
Exhibit 31.2   Certification  of Allen T. Nelson,  Jr. pursuant to
               Rule 13a-14(a) and 15d-14(a),  as adopted pursuant to Section 302
               of the Sarbanes-Oxley Act of 2002
--------------------------------------------------------------------------------
Exhibit 32.1   Certification  of James A.  Beck  pursuant  to 18 U.S.C.
               Section  1350,  as  Adopted   Pursuant  to  Section  906  of  the
               Sarbanes-Oxley  Act of 2002  [This  exhibit  is  being  furnished
               pursuant  to Section  906 of the  Sarbanes-Oxley  Act of 2002 and
               shall not,  except to the extent  required by that act, be deemed
               to be  incorporated  by  reference  into  any  document  or filed
               herewith for purposes of liability under the Securities  Exchange
               Act of 1934,  as  amended,  or the  Securities  Act of  1933,  as
               amended, as the case may be.]
--------------------------------------------------------------------------------
Exhibit 32.2   Certification  of Allen T.  Nelson,  Jr.  pursuant to 18
               U.S.C.  Section 1350,  as Adopted  Pursuant to Section 906 of the
               Sarbanes-Oxley  Act of 2002  [This  exhibit  is  being  furnished
               pursuant  to Section  906 of the  Sarbanes-Oxley  Act of 2002 and
               shall not,  except to the extent  required by that act, be deemed
               to be  incorporated  by  reference  into  any  document  or filed
               herewith for purposes of liability under the Securities  Exchange
               Act of 1934,  as  amended,  or the  Securities  Act of  1933,  as
               amended,   as   the   case   may   be.]
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