UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

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

                  For the Quarterly Period Ended March 31, 2003

                                       OR

             [ ] 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 333-69973

                     First Capital Bank Holding Corporation
                     ---------------------------------------
             (Exact name of registrant as specified in its charter)

        Florida                                         59-3532208
        -------                                         ----------
(State of Incorporation)                    (I.R.S. Employer Identification No.)

   1891 South 14th Street
   Fernandina Beach, Florida                                32034
   -------------------------                                -----
   (Address of principal executive offices)              (Zip Code)

                                  904-321-0400
                                  ------------
                               (Telephone Number)


                                 Not Applicable
                                 --------------
                          (Former name, former address
                             and former fiscal year,
                          if changed since last report)



     State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: 1,008,000 shares of common
stock, $.01 par value per share, issued and outstanding as of May 10, 2003.

     Transitional Small Business Disclosure Format (check one): YES     NO  XX
                                                                   ----    ----



                                       1
<PAGE>


                     FIRST CAPITAL BANK HOLDING CORPORATION

                          PART I. FINANCIAL INFORMATION

Item 1.      Financial Statements

             The financial statements of First Capital Bank Holding
             Corporation (the "Company") are set forth in the following
             pages.





                                       2
<PAGE>



<TABLE>
<CAPTION>
                     First Capital Bank Holding Corporation

                           Consolidated Balance Sheets

                                                                       March 31, 2003            December 31, 2002
                                                                         (Unaudited)                 (Audited)
                                                                          ---------                   -------

<S>                                                                      <C>                         <C>
                                                      Assets

   Cash                                                                  $  3,747,450                3,959,695
   Interest bearing deposits with other banks                               2,025,516                1,292,819
   Federal funds sold                                                         997,701                  735,000
                                                                         ------------              -----------

              Total cash and cash equivalents                               6,770,667                5,987,514

   Investments available for sale                                           9,123,405                9,897,398
   Other investments                                                          951,200                1,375,700
   Loans, net                                                              51,019,284               51,240,268
   Loans available for sale                                                32,633,270               39,857,843
   Premises and equipment, net                                              2,203,028                2,102,706
   Other assets                                                             1,157,276                1,134,437
                                                                         ------------              -----------

                                                                         $103,858,130              111,595,866

                                        Liabilities and Stockholders' Equity

  Deposits:
      Non interest demand                                                $ 10,661,684                8,330,430
      Interest bearing demand                                              10,843,552               10,576,429
      Savings                                                              24,099,282               23,453,432
      Time                                                                 20,351,687               17,894,350
      Time over $100,000                                                   17,389,359               15,854,293
                                                                         ------------              -----------

              Total deposits                                               83,345,564               76,108,934

   Federal Home Loan Bank Advances                                          4,000,000                4,000,000
   Warehouse line of credit                                                 3,000,000               18,291,793
   Accrued interest payable and other liabilities                             867,053                  989,255
                                                                         ------------              -----------

              Total liabilities                                            91,212,617               99,389,982
                                                                         ------------              -----------

  Preferred stock, par value $.01, 1,000,000 shares
          authorized; no shares issued or outstanding                               -                        -
   Common stock, par value $.01, 10,000,000 shares                             10,080                   10,080
         authorized; 1,008,000 shares issued and outstanding
   Additional paid-in capital                                               9,789,578                9,789,578
   Retained earnings                                                        2,650,264                2,162,809
   Other comprehensive income                                                 195,591                  243,417
                                                                         ------------              -----------

              Total stockholders' equity                                   12,645,513               12,205,884
                                                                         ------------              -----------

                                                                         $103,858,130              111,595,866
                                                                         ============              ===========
</TABLE>




See accompanying notes to financial statements.



                                       3
<PAGE>


<TABLE>
<CAPTION>
                     First Capital Bank Holding Corporation
           Consolidated Statements of Income and Comprehensive Income

               For the Three Months Ended March 31, 2003 and 2002
                                   (Unaudited)

                                                                                        Three Months Ended
                                                                                            March 31,
                                                                                   2003                  2002
                                                                                   ----                  ----
<S>                                                                            <C>                      <C>
Interest income:
    Interest and fees on loans                                                 1,249,093                918,168
    Interest income on investment securities                                     133,509                169,030
    Interest income on federal funds sold                                          5,304                 21,833
    Interest income on deposits in other banks                                    10,619                  5,311
                                                                             -----------            -----------
         Total interest income                                                 1,398,525              1,114,342
                                                                             -----------            -----------
Interest expense:
    Interest bearing deposits                                                    405,120                360,888
    Interest on FHLB borrowings                                                   57,031                 40,054
    Interest on other borrowings                                                     123                  3,967
                                                                             -----------            -----------

         Total interest expense                                                  462,274                404,909

         Net interest income                                                     936,251                709,433
Provision for loan losses                                                         33,000                 28,000
                                                                             -----------            -----------

Net interest income after provision for loan losses                              903,251                681,433
                                                                             -----------            -----------

Noninterest income:
     Service charges on deposit accounts                                          47,641                 37,712
     Mortgage and SBA related fees and income                                    183,382                224,073
     Gain on sales of loans                                                    1,318,503                854,528
     Gain on sales of securities                                                       -                      -
     Other                                                                         8,001                  3,543
                                                                             -----------            -----------

         Total noninterest income                                              1,557,527              1,119,856
                                                                             -----------            -----------

Noninterest expense:
    Salaries and employee benefits                                             1,103,344                885,148
    Occupancy                                                                    128,866                128,789
    Other                                                                        454,113                351,681
                                                                             -----------            -----------

         Total noninterest expense                                             1,686,323              1,365,618
                                                                             -----------            -----------

         Net income before provision for income taxes                            774,455                435,671
                                                                             -----------            -----------

Income taxes:                                                                    287,000                149,000
                                                                             -----------            -----------

         Net income:                                                         $   487,455                286,671
                                                                             ===========            ===========

Other comprehensive loss:
    Unrealized losses arising during the period, net of
         Taxes, benefit of $28,088 and $14,860                                   (47,826)               (28,846)
                                                                             -----------            -----------

    Comprehensive income                                                     $   439,629                257,825
                                                                             ===========            ===========

Per Share:
           Basic earnings per share                                          $       .48                    .29
                                                                             ===========            ===========
           Diluted earnings per share                                        $       .47                    .29
                                                                             ===========            ===========
</TABLE>

See accompanying notes to financial statements.



                                       4
<PAGE>


<TABLE>
<CAPTION>
                     First Capital Bank Holding Corporation

                      Consolidated Statements of Cash Flows

               For the Three Months Ended March 31, 2003 and 2002
                                   (Unaudited)

                                                                                                     2003               2002
                                                                                                     ----               ----

Cash flows from operating activities:
<S>                                                                                         <C>                     <C>
     Net income                                                                                  $   487,455            286,671
     Adjustments to reconcile net income to net cash
        Provided by operating activities:
             Depreciation, amortization and accretion                                                 33,398             67,435
             Provision for loan losses                                                                33,000             28,000
             Net change in loans held for sale                                                     7,224,573         14,098,411
             Change in other assets                                                                    1,798            149,037
             Change in other liabilities                                                            (122,202)            61,466
                                                                                                 -----------        -----------

                  Net cash provided by operating activities                                        7,658,022         14,691,020
                                                                                                 -----------        -----------

Cash flows from investing activities:
     Proceeds from maturities of certificate of deposit                                                    -            250,000
     Proceeds from maturities, calls, and paydowns of securities                                   2,779,129            821,908
     Purchase of investment securities available for sale                                         (2,065,692)        (1,982,188)
     Purchase of other investments                                                                   424,500           (100,200)
     Net change in portfolio loans                                                                   187,984         (6,112,969)
     Purchase of premises and equipment                                                             (145,627)           (56,774)
                                                                                                 -----------        -----------

                  Net cash provided by (used in) investing activities                              1,325,921         (7,180,223)

Cash flows provided by financing activities
     Net change in deposits                                                                        7,236,630          2,433,699
     Net change in repurchase agreements                                                                   -         (4,000,000)
     Net change in warehouse line of credit                                                      (15,291,793)        (3,404,659)
                                                                                                 -----------        -----------

                  Net cash provided by financing activities                                       (8,055,163)        (4,970,960)
                                                                                                 -----------        -----------

Net increase  in cash and cash equivalents                                                         7,658,022         14,977,691

Cash and cash equivalents at the beginning of the period                                           5,987,514          4,455,869
                                                                                                 -----------        -----------

Cash and cash equivalents at the end of the period                                               $ 6,770,667          6,995,706
                                                                                                 ===========        ===========

Supplemental cash flow information:
     Interest paid                                                                               $   465,835            419,596
                                                                                                 ===========        ===========
     Taxes paid                                                                                  $   230,000             72,000
                                                                                                 ===========        ===========

</TABLE>







See accompanying notes to financial statements.



                                       5
<PAGE>


                     First Capital Bank Holding Corporation

                          Notes to Financial Statements
                                   (Unaudited)
Note 1 - Significant Accounting Policies

     We have adopted various accounting  policies,  which govern the application
of  accounting  principles  generally  accepted  in  the  United  States  in the
preparation of our financial statements. Our significant accounting policies are
described in the footnotes to the consolidated  financial statements at December
31, 2002 as filed on our annual report on Form 10-KSB.

     Certain accounting policies involve  significant  judgments and assumptions
by us, which have a material  impact on the carrying value of certain assets and
liabilities.  We consider these  accounting  policies to be critical  accounting
policies.  The  judgments  and  assumptions  we  use  are  based  on  historical
experience  and other  factors,  which we  believe  to be  reasonable  under the
circumstances.  Because of the nature of the judgments and  assumptions we make,
actual results could differ from these  judgments and estimates which could have
a  material  impact on our  carrying  values of assets and  liabilities  and our
results of operations.

     We believe the  allowance for loan losses is a critical  accounting  policy
that requires the most  significant  judgments and estimates used in preparation
of  our  consolidated  financial  statements.  Refer  to  the  portion  of  this
discussion that addresses our allowance for loan losses for a description of our
processes and methodology for determining our allowance for loan losses.

     In our opinion, all accounting  adjustments necessary to accurately reflect
the financial  position and results of operations on the accompanying  financial
statements have been made. These adjustments are considered normal and recurring
accruals are  considered  necessary  for a fair and accurate  presentation.  The
results for interim  periods are not  necessarily  indicative of results for the
full year or any other interim periods.

Stock Compensation Plans
------------------------
     We have elected not to expense  stock  options and, as such,  have provided
proforma  disclosures  of net earnings  and  earnings per share,  as if the fair
value method of accounting had been applied.  Had compensation cost for the plan
been determined based upon the fair value of the options at the grant dates, our
net earnings and net earnings per share for the quarter ended March 31, 2003 and
2002, would have been reduced to the proforma amounts indicated below:

                                                    2003          2002
                                                    ----          ----

Net earnings                      As reported      $ 487,455     286,671
                                  Proforma         $ 474,546     271,966

Basic earnings per share          As reported      $     .48         .29
                                  Proforma         $     .47         .27

Diluted earnings per share        As reported      $     .47         .29
                                  Proforma         $     .46         .27

     The fair value of each option is  estimated  on the date of grant using the
Minimum Value pricing  model with the following  assumptions  used for grants in
2003: no dividend  yield, a risk free interest rate of 3.5% and an expected life
of 10 years. The difference between the net earnings as reported and proforma is
the  expense  associated  with the  grants,  which would have been earned in the
period. This expense was calculated based on the number of options vested during
the period  multiplied by the fair value at the time of grant net of the related
tax effect.




                                       6
<PAGE>



                     First Capital Bank Holding Corporation

                    Notes to Financial Statements, continued
                                   (Unaudited)

Note 1 - Significant Accounting Policies, continued

Note 2 - Earnings per share

     Basic earnings per share is based on the weighted  average number of common
shares  outstanding  during the period  while the  effects of  potential  common
shares outstanding during the period are included in diluted earnings per share.
The average market price during the year is used to compute  equivalent  shares.
Reconciliation  of the amounts used in the  computation of both "basic  earnings
per share" and "diluted  earnings per share" for the period ended March 31, 2003
are as follows:

<TABLE>
<CAPTION>
                                                            For the three months ended March 31, 2003
                                                            -----------------------------------------
                                                                                               Earnings
                                                          Net Earnings      Common Shares      Per share
                                                          ------------      -------------      ---------
<S>                                                          <C>              <C>                  <C>
    Basic earnings per share                               $ 487,455          1,008,000            .48
    Effect of dilutive securities - Stock Options                  -             24,709           (.01)
                                                            --------          ---------           ----

    Diluted earnings per share                             $ 487,455          1,032,709            .47
                                                           =========          =========           ====
</TABLE>

<TABLE>
<CAPTION>
                                                            For the three months ended  March 31, 2002
                                                            ------------------------------------------
                                                                                               Earnings
                                                          Net Earnings      Common Shares      Per share
                                                          ------------      -------------      ---------
<S>                                                          <C>              <C>                  <C>

      Basic earnings per share                             $ 286,671          1,000,000            .27
      Effect of dilutive securities - Stock Options                -                  -              -
                                                            --------          ---------           ----

      Diluted earnings per share                           $ 286,671          1,000,000            .27
                                                           =========          =========           ====
</TABLE>



                                       7
<PAGE>



Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations


                           FORWARD-LOOKING STATEMENTS
                           --------------------------

     The following is our discussion and analysis of certain significant factors
that have affected our financial position and operating results and those of our
subsidiary, First National Bank of Nassau County, during the periods included in
the  accompanying  financial  statements.  This  commentary  should  be  read in
conjunction  with the financial  statements  and the related notes and the other
statistical information included in this report.

     This report  contains  "forward-looking  statements"  relating to,  without
limitation, future economic performance,  plans and objectives of management for
future  operations,  and  projections of revenues and other financial items that
are based on the  beliefs  of  management,  as well as  assumptions  made by and
information  currently  available  to  management.   The  words  "may,"  "will,"
"anticipate," "should," "would," "believe," "contemplate," "expect," "estimate,"
"continue,"  "may," and "intend," as well as other similar words and expressions
of the future, are intended to identify forward-looking  statements.  Our actual
results may differ materially from the results discussed in the  forward-looking
statements,  and our  operating  performance  each quarter is subject to various
risks and  uncertainties  that are  discussed  in detail in our filings with the
Securities and Exchange Commission, including, without limitation:

     o   significant  increases  in  competitive  pressure  in the  banking  and
         financial services industries;

     o   changes in the interest rate environment which could reduce anticipated
         or actual margins;

     o   the  cost of  defending  and  the  risk  of  loss  in  connection  with
         litigation   involving   customers  of  and  activities  in  our  trust
         department;

     o   changes  in  political  conditions  or the  legislative  or  regulatory
         environment;

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

     o   changes occurring in business conditions and inflation;

     o   changes in technology;

     o   the level of allowance for loan loss;

     o   the rate of delinquencies and amounts of charge-offs;

     o   the rates of loan growth;

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

     o   changes in monetary and tax policies;

     o   changes in the securities markets; and

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




                                       8
<PAGE>



Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations, continued


Financial Condition
-------------------

     As of March 31, 2003, we had total assets of $103,858,130, a decrease of 7%
over December 31, 2002. The  significant  contributor to the asset decline was a
decrease  in loans  available  for sale of  $7,224,573,  or 18%.  Production  of
mortgage loans  available for sale continued to be strong but have stabilized to
more normal patterns as expected in our wholesale loan operations. Additionally,
the decrease in loans  available for sale is the result of funding  efficiencies
which have  reduced the amount of time  between the closing of the  mortgage and
the  funding  by the  investor.  Loans  held for sale will be  primarily  funded
through excess short term bank deposits and alternative  sources such as Federal
Home Loan Bank  advances and warehouse  lines of credit.  The decreases in loans
available for sale and increased  deposits reduced borrowing needs from the FHLB
warehouse  line.  When  compared to December  31,  2002,  deposits for the three
months ended March 31, 2003  increased  $7,236,630,  or 10%, and warehouse  line
advances decreased $15,291,793, or 84%. At March 31, 2003 and December 31, 2003,
we  had  no   outstanding   balances  in  repurchase   agreements  or  overnight
correspondent bank advances.  Repurchase  agreements and warehouse line advances
are short term borrowings and fluctuate according to loan demand.

     As of March 31, 2003,  our  portfolio  loans  decreased  by  $188,089.  Our
portfolio  loan to deposit  and total loan to deposit  ratios were 62% and 101%,
respectively.  Our long-term target for portfolio loans to deposit ratio is 80%.
We are making a concerted  effort to develop quality  portfolio loan business in
the local market and to manage the deposit growth  consistent with expected loan
demand.

     The deposit mix at March 31, 2003 was as follows: $10,661,684 (13% of total
deposits) in noninterest  bearing  demand  deposits;  $10,843,552  (13% of total
deposits) in interest checking accounts;  $24,099,282 (29% of total deposits) in
savings  accounts;  and  $37,741,046  (45% of total  deposits) in time deposits.
Consistent  with our  expectations,  the  deposit  mix has become  more  heavily
weighted towards higher costing time deposits. We expect this trend to continue,
thus  increasing the average cost of funds and  potentially  reducing the bank's
net interest margin.

     At March 31, 2003,  all securities  were  classified as available for sale,
totaling  $9,123,405.  The current investment portfolio strategy is primarily to
provide  liquidity  for funding  loans and initial  operating  expenditures  and
secondarily for earnings enhancement. Accordingly, all investment securities are
pledgeable to raise funding  through  public  deposits,  secured  borrowing,  or
repurchase agreements.

Results of Operations
---------------------

     Net income for the three  months  ended  March 31,  2003 was  $487,455,  as
compared to $286,671 for the same period in 2002. The improvement in our results
was due to improved net interest income and significant increases in noninterest
income generated from sale of mortgage and Small Business  Administration loans.
Partially as a result of historically  low interest rates,  our mortgage banking
division has  experienced  rapid growth over the past year as new mortgages have
been made and existing  mortgages  have been  refinanced.  Based on  information
currently  available to us, we expect our income trends to remain stable through
the second  quarter of 2003 as  mortgage  loan  volume  maintains  a more normal
pattern.  Our income could decrease in this area if mortgage  volumes  decreased
significantly,  which we  believe  would  be  likely  if there is a  significant
increase in interest rates.

Net Interest Income
-------------------

     Net interest income for the three months ended March 31, 2003 was $936,251,
compared to $709,433 for the three months ended March 31, 2002.  Total  interest
income for the first three months of 2003 was $1,398,525, compared to $1,114,342
for the same period in 2002. Included in interest income is interest and fees on
loans totaling $1,249,093 for the three months ended March 31, 2003 and $918,168
for the same period in 2002.  Interest  income also includes  interest income on
investments  of $133,509  and $169,030 for the three months ended March 31, 2003
and 2002,  respectively.  We  incurred  interest  expense  on  interest  bearing
deposits of $405,120 for the three  months ended March 31, 2003,  as compared to
$360,888 for the same period in 2002.  Additionally,  we had $57,031 of interest
expense from FHLB term and  warehouse  advances for the three months ended March
31, 2002. The growth in interest  income and expense  reflects the growth in our
interest  earning  assets  and  liabilities.  Interest  income  on  loans  as  a
percentage  of total  interest  income  increased to 89% at March 31,  2003,  as
compared  to 82% for the same  period  last year.  This  increase  is due to our
efforts to invest the majority of our funds in higher  coupon,  quality loans as
opposed to federal funds and government securities.


                                       9
<PAGE>



Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations, continued

Net Interest Income, continued
------------------------------

     Our earning assets are principally  floating rate while the funding sources
are primarily  money market and short term time  deposits.  This  methodology of
funding helps to minimize the effect of interest  volatility in the market.  The
net  interest  margins  as of March  31,  2003 and 2002 were  4.21%  and  4.17%,
respectively.

     The following table details the  relationship  between  interest income and
expense and the average balances of interest earning assets and interest bearing
liabilities for the three months ended March 31, 2003 and 2002.


<TABLE>
<CAPTION>
                                                      2003                                         2002
                                   -------------------------------------------------------------------------------------------
                                                     Interest                                     Interest
                                     Average         Income/                      Average         Income
                                     Balances        Expense      Rate/Yield      Balances        Expense     Rate/Yield
                                     --------        -------      ----------      --------        -------     ----------
<S>                                 <C>             <C>               <C>       <C>              <C>              <C>
Loans and loans
   available-for-sale               $ 76,911,214    $ 1,249,093       7.23%     $ 50,489,891     $  918,168       7.38%
Federal funds sold and
   deposits with banks                 3,297,766         15,923       1.82%        6,304,305         26,734       1.72%
Investments                           10,011,472        133,509       5.81%       11,300,253        169,440       6.08%
                                    ------------    -----------       ----      ------------     ----------       ----

     Interest earning assets          90,220,452      1,398,525       6.70%       68,049,449      1,114,342       6.64%
                                    ------------    -----------       ----      ------------     ----------       ----

Interest bearing deposits             68,120,998        405,120       2.71%       50,366,316        360,888       2.91%
FHLB borrowings                        2,597,853         57,031       3.32%        4,431,028         40,054       3.67%
Other borrowings                          82,199            123       2.04%          772,888          3,967       2.08%
                                    ------------    -----------       ----      ------------     ----------       ----

     Interest bearing liabilities   $ 70,801,050        462,274       2.75%     $ 55,570,232        404,909       2.96%
                                    ------------    -----------       ----      ------------     ----------       ----

Net interest income                                 $   936,251                                  $  709,433
                                                    ===========                                  ==========
Net interest spread                                                   3.64%                                       3.68%
                                                                      ====                                        ====
Net interest margin                                                   4.21%                                       4.17%
                                                                      ====                                        ====
</TABLE>

Allowance and Provision for Loan Losses

     There are risks inherent in making all loans,  including risks with respect
to the  period of time over  which  loans may be repaid,  risks  resulting  from
changes in economic  and  industry  conditions,  risks  inherent in dealing with
individual borrowers, and, in the case of a collateralized loan, risks resulting
from  uncertainties  about the future value of the collateral.  To address these
risks, we have developed policies and procedures to evaluate the overall quality
of our credit  portfolio  and the timely  identification  of  potential  problem
loans.  We maintain an  allowance  for  possible  loan losses which we establish
through  charges in the form of a  provision  for loan  losses.  We charge  loan
losses and credit recoveries directly to this allowance.

     We attempt to maintain  the  allowance  at a level that will be adequate to
provide for potential losses in our loan portfolio. To maintain the allowance at
an adequate level,  we periodically  make additions to the allowance by charging
an expense to the provision for loan losses on our statement of income.



                                       10
<PAGE>



Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations, continued

Allowance and Provision for Loan Losses, continued
--------------------------------------------------

     The  provision for loan losses was $33,000 and $28,000 for the three months
ended March 31, 2003 and 2002,  respectively.  Our judgment in  determining  the
adequacy of the  allowance  is based on  evaluations  of the  collectibility  of
loans.  These evaluations take into consideration such factors as changes in the
nature and volume of the loan portfolio,  current  economic  conditions that may
affect the borrower's ability to pay, overall portfolio  quality,  and review of
specific  problem loans.  In determining  the adequacy of the allowance for loan
losses,  management  uses a loan  grading  system that rates loans in  different
categories.  Certain  grades  representing  criticized or  classified  loans are
assigned  allocations of loss based on  management's  estimate of potential loss
that is generally  based on historical  losses and/or  collateral  deficiencies.
Other loans are graded by type and allocated  loss ranges based on  management's
perceived  inherent loss for the loan type. The combination of these results are
compared  monthly  to the  recorded  allowance  for  loan  losses  and  material
differences  are adjusted by  increasing  or  decreasing  the provision for loan
losses.  We use an  independent  third  party loan  reviewer  to  challenge  and
corroborate  the  loan  grading  system  and  provide  additional   analysis  in
determining  the  adequacy  of the  allowance  for loan  losses  and the  future
provisions for estimated loans.

     At March 31, 2003, the allowance for loan losses was $797,896,  compared to
$765,000 at December 31, 2002, which  represented 1.54% and 1.47% of outstanding
portfolio loans, respectively.  We believe that the allowance for loan losses is
adequate,  based on internal  reviews and external reviews of the quality of the
loan portfolio and bank peer group data. Our evaluation is inherently subjective
as it requires estimates that are susceptible to significant  change. Our losses
will  undoubtedly  vary  from our  estimates,  and there is a  possibility  that
charge-offs  in future  periods  will  exceed the  allowance  for loan losses as
estimated  at any  point  in  time.  While we do use  available  information  to
recognize  losses on loans,  future  additions to the allowance may be necessary
based on  changes  in  economic  conditions.  In  addition,  various  regulatory
agencies, as an integral part of their examination process,  periodically review
the bank's  allowance  for loan  losses.  Such  agencies may require the bank to
recognize  additions to the allowance based on judgments different than those of
management.

The following is a summary of our loan loss history.

                                              March 31, 2003      March 31, 2002
                                              --------------      --------------

Balance January 1,                               $ 765,000           $ 417,000
Year to date provision for loan losses              33,000              28,000
Charged off loans                                        -                   -
Recoveries                                             104                   -
                                                 ---------           ---------

Balance, end of period                           $ 797,896           $ 445,000
                                                 =========           =========


     As of March 31, 2003, we had one non-accrual loan totaling $800,915,  which
is partially  guaranteed by the Small Business  Administration.  At December 31,
2002, we had three non-accrual loans totaling $1,086,969,  of which two of those
loans,  totaling  $848,719,  were  partially  guaranteed  by the Small  Business
Administration. We have no loan past due 90 days or more accruing interest.

Noninterest Income and Expense
------------------------------

     Noninterest  income was  $1,557,527  and  $1,119,856  for the quarter ended
March 31, 2003 and 2002, respectively. This increase consists primarily of gains
on  sales  of  mortgages  and  Small  Business  Administration  loans.  Mortgage
customers  continued to take  advantage of low interest  rates,  and we expect a
consistent  level of mortgage  loan volume and  revenues  through  2003 based on
information currently available to us. Mortgage volume, and thus our noninterest
income,  could decrease  significantly  with a significant  increase in interest
rates.

     Noninterest  expense was  $1,686,323  and  $1,365,618 for the quarter ended
March 31,  2003 and 2002,  respectively.  Salaries  and  benefits  for the three
months  ended  March  31,  2003  and  2002  totaled   $1,103,344  and  $885,148,
respectively. The increase is primarily due to additional employees hired at our
wholesale   mortgage   operations  and  commissions  paid  related  to  mortgage
production.  The  remainder of the  increases  in  noninterest  expense  related
primarily  to  operational  costs  for  data  processing,   ATM  processing  and
advertising.


                                       11
<PAGE>

Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations, continued

Segment Information
-------------------

     Our company operates two business segments:  community banking and mortgage
banking.  These  segments are  primarily  identified by the products or services
offered and the channels through which they are offered.  The community  banking
segment  consists of our  full-service  bank that offers  customers  traditional
banking   products  and  services  through  various   delivery   channels.   The
mortgage-banking   segment  consists  of  mortgage  brokerage   facilities  that
originate, acquire, and sell mortgage products. Information for the three months
ended March 31, 2003, for each of the segments is included below:

<TABLE>
<CAPTION>
                                                   Community         Mortgage
                                                    Banking          Banking         Parent       Eliminations        Total
                                                      -------        -------         ------       ------------        -----
<S>                                             <C>                   <C>              <C>       <C>                   <C>
Net interest income                             $    796,517          132,834          6,900                -          936,251
Provision for loan losses                            (33,000)               -              -                -          (33,000)
                                                ------------     ------------    -----------     ------------      -----------
Net interest income after provision
     for loan losses                                 763,517          132,834          6,900                -          903,251
                                                ------------     ------------    -----------     ------------      -----------

Noninterest income                                   236,599        1,320,928              -                -        1,557,527
Noninterest expense                                  694,709          961,656         29,958                -        1,686,323
                                                ------------     ------------    -----------     ------------      -----------

Income (loss) before income taxes                    305,407          492,106        (23,058)               -          774,455
Income tax expense (benefit)                         115,000          181,000         (9,000)               -          287,000
                                                ------------     ------------    -----------     ------------      -----------

Net income (loss)                               $    190,407          311,106        (14,058)               -          487,455
                                                ============     ============    ===========     ============      ===========

Average assets                                  $ 74,912,337       22,672,691     97,585,028      (97,585,028)      97,585,028
                                                ============     ============    ===========     ============      ===========
</TABLE>


Liquidity and Capital

     The bank has established  short-term federal funds purchase lines of credit
with its correspondent banks, which total $6,700,000.  These lines are unsecured
and are designed to provide the bank with short-term liquidity.  These lines may
be revoked at any time by the correspondent  banks and are available to the bank
simply as an  accommodation  for short-term (two weeks or less) liquidity needs.
The bank also has a warehouse  line of credit with the Federal Home Loan Bank in
the amount of  $24,000,000  that is used  specifically  to provide  funding  for
mortgage  loans  held  for  sale.  Additionally,  the  bank  has  cash  and cash
equivalents  of $6,770,667 and  investments  available for sale of $9,123,405 to
fund operations and loan growth.

     Currently,  we limit investments to highly liquid overnight  investments in
correspondent banks and bank-qualified  securities.  For the foreseeable future,
the bank will  consider  its  investment  portfolio  primarily  as a source  for
liquidity and secondarily as a source for earnings.


                                                    Amount                %
                                                    ------                -
Total capital (to risk weighted assets)          $12,645,513            17.18

Tier 1 capital (to risk weighted assets)         $12,449,922            16.15

Tier 1 capital (to average assets)               $12,449,922            12.76





                                       12
<PAGE>


Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations, continued

Off Balance Sheet Risk
----------------------

     Through the operations of our bank, we have made contractual commitments to
extend  credit  in  the  ordinary  course  of  our  business  activities.  These
commitments  are legally  binding  agreements  to lend money to our customers at
predetermined  interest rates for a specified period of time. At March 31, 2003,
we had issued  commitments  to extend credit of $12.85 million  through  various
types of commercial  lending  arrangements,  of which $1.61 million was at fixed
rates and $11.24  million was at variable  rates.  We evaluate  each  customer's
credit worthiness on a case-by-case basis. The amount of collateral obtained, if
deemed  necessary  by us upon  extension  of  credit,  is  based  on our  credit
evaluation  of  the  borrower.   Collateral  varies  but  may  include  accounts
receivable, inventory, property, plant and equipment, commercial and residential
real estate. In addition, we had $45.3 million in mortgage loan lock commitments
that expire within 60 days at our wholesale  mortgage loan office.  We typically
close about 80% of these commitments. These loans are usually funded through our
warehouse  line of credit and sold to the  secondary  market within two to three
weeks.

Item 3. Controls and Procedures

     Within  90 days  prior  to the  date  of this  report,  we  carried  out an
evaluation,  under the supervision and with the  participation  of our principal
executive officer and principal  financial officer,  of the effectiveness of the
design and operation of our disclosure  controls and  procedures.  Based on this
evaluation,  our principal  executive  officer and 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.  The design of any system of controls is based in part upon certain
assumptions about the likelihood of future events, and there can be no assurance
that any design will succeed in achieving  its stated goals under all  potential
future conditions, regardless of how remote.

     In  addition,  we reviewed our  internal  controls,  and there have been no
significant  changes in our  internal  controls or in other  factors  that could
significantly  affect  those  controls  subsequent  to the  date of  their  last
evaluation.



                                       13
<PAGE>


                           PART II. OTHER INFORMATION

Item 1.    Legal Proceedings

           There are no material pending legal proceedings to which we are a
           party or of which any of our property is the subject.

Item 2.    Changes in Securities

           None.

Item 3.    Defaults Upon Senior Securities and Use of Proceeds

           None.

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

           None.

Item 5.    Other Information

           None

Item 6.    Exhibits and Reports on Form 8-K

          (a) Exhibits:

         Exhibit  Description
         -------  -----------
         99.1     Certification  Pursuant to 18 U.S.C.  Section 1350, as Adopted
                  Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

         (b)      Reports on Form 8-K:

         The following reports were filed on Form 8-K during the first quarter
         ended March 31, 2003.

         99.1 The company filed a Form 8-K on March 31, 2003 to disclose that
         the Chief Executive Officer, Michael G. Sanchez, and the Chief
         Financial Officer, Timothy S. Ayers, each furnished to the SEC the
         certification required pursuant to 18 U.S.C. Section 1350, as adopted
         pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.




                                       14
<PAGE>



                                   SIGNATURES

     In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                  FIRST CAPITAL BANK HOLDING COMPANY
                                  (Registrant)


Date: May 12, 2003                By:  /s/ Michael G. Sanchez
                                     -----------------------------------------
                                     Michael G. Sanchez
                                     President and Chief Executive Officer


                                  By:  /s/ Timothy S. Ayers
                                     -----------------------------------------
                                     Timothy S. Ayers
                                     Principal Accounting and Chief Financial
                                     Officer




                                       15
<PAGE>




                  Certification of the Chief Executive Officer

I, Michael G. Sanchez, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of First Capital Bank
Holding Corporation;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a) designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this quarterly report is being
     prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     quarterly report (the "Evaluation Date"); and

     c) presented in this quarterly report our conclusions about the
     effectiveness of the disclosure controls and procedures based on our
     evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

     a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


                                    Date: May 12, 2003

                                     /s/ Michael G. Sanchez
                                    -------------------------------------
                                    Michael G. Sanchez
                                    President and Chief Executive Officer



                                       16
<PAGE>



                  Certification of the Chief Financial Officer

I, Timothy S. Ayers, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of First Capital Bank
Holding Corporation;

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a) designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this quarterly report is being
     prepared;

     b) evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     quarterly report (the "Evaluation Date"); and

     c) presented in this quarterly report our conclusions about the
     effectiveness of the disclosure controls and procedures based on our
     evaluation as of the Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

     a) all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

     b) any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


                                    Date: May 12, 2003

                                     /s/ Timothy S. Ayers
                                    -------------------------------------
                                    Timothy S. Ayers
                                    Principal Accounting and Chief Financial
                                    Officer





                                       17
<PAGE>



                                INDEX TO EXHIBITS

Exhibit
Number     Description
------     -----------
99.1       Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
           Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.




                                       18