----

----

*Table      of Contents*

** SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**Form      10-Q**

| x | QUARTERLY                REPORT UNDER SECTION 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT                OF                1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------|

|  ̈ | TRANSITION                REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT                1934 |
|--------|----------------------------------------------------------------------------------------------------|

**Community      Capital Bancshares, Inc.**

|   | Georgia                                                                                     |   | 58-2413468                                                     |   |
|--------|---------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------|--------|
|   | (State                or other jurisdiction ofIncorporation                or organization) |   | (IRS                EmployerIdentification                No.) |   |

**APPLICABLE        ONLY TO CORPORATE ISSUERS:**

----

*Table            of Contents*

| **PARTI                  - FINANCIAL INFORMATION**                                                                                                                | Page                  No.                                                                                                     |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                              |                                                                                                                          |   |
| ITEM                  1.                                                                                                                                          | Financial                  Statements                                                                                         |   |
|                                                                                                                                                              |                                                                                                                          |   |
| Consolidated                  balance sheets as of December                  31, 2005 and March 31, 2006 (unaudited)                                              | 3                                                                                                                             |
|                                                                                                                                                              |                                                                                                                          |
| Consolidated                  statements of income (unaudited) for                  the three months ended March 31, 2005 and 2006                                | 4                                                                                                                             |
|                                                                                                                                                              |                                                                                                                          |
| Consolidated                  statements of comprehensive income                  (unaudited) for                  the three months ended March 31, 2005 and 2006 | 5                                                                                                                             |
|                                                                                                                                                              |                                                                                                                          |   |
| Consolidated                  statements of cash flows (unaudited) for                  the three                  months ended March 31, 2005 and 2006           | 6                                                                                                                             |
|                                                                                                                                                              |                                                                                                                          |   |
| Item                  2.                                                                                                                                          | Management’s                  Discussion and Analysis of Financial Condition                  and results of operations | 11 |
|                                                                                                                                                              |                                                                                                                          |   |
| Item                  3.                                                                                                                                          | Quantitative                    and qualitative disclosures about market                    risk                              | 14 |
|                                                                                                                                                              |                                                                                                                          |   |
| Item                  4.                                                                                                                                          | Controls                  and procedures                                                                                      | 15 |
|                                                                                                                                                              |                                                                                                                          |   |
| **PART                  II - OTHER INFORMATION**                                                                                                                  |                                                                                                                          |
|                                                                                                                                                              |                                                                                                                          |   |
| ITEM                  1.                                                                                                                                          | Legal                  Proceedings                                                                                            | 16 |
|                                                                                                                                                              |                                                                                                                          |   |
| ITEM                  1A.                                                                                                                                         | Risk                  Factors                                                                                            | 16 |
|                                                                                                                                                              |                                                                                                                          |   |
| ITEM                  2.                                                                                                                                          | Unregistered                  Sales of Equity Securities and Use of                  Proceeds                                 | 16 |
|                                                                                                                                                              |                                                                                                                          |   |
| ITEM                  3.                                                                                                                                          | Defaults                  upon Senior Securities                                                                              | 16 |
|                                                                                                                                                              |                                                                                                                          |   |
| ITEM                  4.                                                                                                                                          | Submission                  of Matters to a vote of Security                  Holders                                         | 16 |
|                                                                                                                                                              |                                                                                                                          |   |
| ITEM                  5.                                                                                                                                          | Other                  Information                                                                                            | 16 |
|                                                                                                                                                              |                                                                                                                          |   |
| ITEM                  6.                                                                                                                                          | Exhibits                  and reports on Form 8-K                                                                             | 16 |

----

*Table          of Contents*

| **Community                Capital Bancshares, Inc.****and                Subsidiaries**                                              |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|
| **ConsolidatedBalance                Sheets**                                                                                         |   |
| (Dollars                in thousands)                                                                                                 |   |
|                                                                                                                                  |   |   |   |   |   |
|                                                                                                                                  |   | March                31,2006,(unaudited) |   | December                31,2005 |   |
| **Assets**                                                                                                                            |   |   |   |   |   |   |   |
| Cash                and due from banks                                                                                                |   | $ | 6,732 |   | $ | 6,931 |   |
| Federal                funds sold                                                                                                     |   |   | 6,646 |   |   | 8,671 |   |
| Securities                available for sale                                                                                          |   |   | 41,387 |   |   | 41,690 |   |
| Restricted                equity securities                                                                                           |   |   | 2,426 |   |   | 2,426 |   |
| Loans                                                                                                                                 |   |   | 253,317 |   |   | 230,908 |   |
| Less                allowance for loan losses                                                                                         |   |   | 3,301 |   |   | 3,000 |   |
| Loans,                net                                                                                                             |   |   | 250,016 |   |   | 227,908 |   |
| Premises                and equipment                                                                                                 |   |   | 8,217 |   |   | 7,892 |   |
| Goodwill                                                                                                                              |   |   | 2,334 |   |   | 2,334 |   |
| Core                deposit premium                                                                                                   |   |   | 271 |   |   | 282 |   |
| Other                assets                                                                                                           |   |   | 11,942 |   |   | 11,323 |   |
| **Total                Assets**** **                                                                                             |   | $ | 329,971 |   | $ | 309,457 |   |
|                                                                                                                                  |   |   |   |   |   |   |   |
| **Liabilities                and Shareholders'****Equity**                                                                            |   |   |   |   |   |   |   |
| Deposits                                                                                                                              |   |   |   |   |   |   |   |
| Non-interest                bearing                                                                                                   |   | $ | 21,705 |   | $ | 22,745 |   |
| Interest                bearing                                                                                                       |   |   | 251,944 |   |   | 222,824 |   |
| Total                deposits                                                                                                         |   |   | 273,649 |   |   | 245,569 |   |
| Other                borrowings                                                                                                       |   |   | 25,000 |   |   | 33,000 |   |
| Guaranteed                preferred beneficial interests in junior subordinated                debentures                             |   |   | 4,124 |   |   | 4,124 |   |
| Other                liabilities                                                                                                      |   |   | 1,730 |   |   | 1,369 |   |
| **Total                Liabilities**                                                                                                  |   |   | 304,503 |   |   | 284,062 |   |
|                                                                                                                                  |   |   |   |   |   |   |   |
| Shareholders'                equity                                                                                                   |   |   |   |   |   |   |   |
| Preferred                  stock, par value not stated; 2,000,000 shares authorized; no                  shares issued                |   | $ | -                - |   | $ | -                - |   |
| Common                  stock, $1.00 par value, 10,000,000 shares authorized; 2,975,356,                  and 2,973,356 shares issued |   |   | 2,975 |   |   | 2,973 |   |
| Capital                surplus                                                                                                        |   |   | 22,285 |   |   | 22,246 |   |
| Retained                earnings                                                                                                      |   |   | 1,567 |   |   | 1,468 |   |
| Accumulated                other comprehensive loss                                                                                   |   |   | (912 | ) |   | (845 | ) |
| Less                cost of treasury stock,59,851 shares                                                                              |   |   | (447 | ) |   | (447 | ) |
| **Total                shareholders' equity**                                                                                         |   |   | 25,468 |   |   | 25,395 |   |
| **Total                Liabilities and Shareholders' Equity**                                                                         |   | $ | 329,971 |   | $ | 309,457 |   |

----

*Table            of Contents*

| **Community                Capital Bancshares, Inc.****and                Subsidiaries****Consolidated                Statements of Income                (unaudited)**Three                months ended March 31, 2006 and 2005(Dollars                in thousands, except earnings per share) |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                             |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                             |   | 2006 |   | 2005 |   |
| **Interest                Income**                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |
| Loans                                                                                                                                                                                                                                                                                            |   | $ | 4,830 |   | $ | 2,367 |   |
| Investment                securities                                                                                                                                                                                                                                                             |   |   | 469 |   |   | 462 |   |
| Deposits                in banks                                                                                                                                                                                                                                                                 |   |   | -                - |   |   | 6 |   |
| Federal                funds sold                                                                                                                                                                                                                                                                |   |   | 184 |   |   | 24 |   |
| **Total                interest income**                                                                                                                                                                                                                                                         |   |   | 5,483 |   |   | 2,859 |   |
| **Interest                expense**                                                                                                                                                                                                                                                              |   |   |   |   |   |   |   |
| Deposits                                                                                                                                                                                                                                                                                         |   |   | 2,119 |   |   | 701 |   |
| Other                borrowed money                                                                                                                                                                                                                                                              |   |   | 538 |   |   | 233 |   |
|  **Total                interest expense**                                                                                                                                                                                                                                                  |   |   | 2,657 |   |   | 934 |   |
|  **Net                interest income**                                                                                                                                                                                                                                                     |   |   | 2,826 |   |   | 1,925 |   |
| Provision                for loan losses                                                                                                                                                                                                                                                         |   |   | 479 |   |   | 180 |   |
|  **Net                interest income after provision for loan losses**                                                                                                                                                                                                                     |   |   | 2,347 |   |   | 1,745 |   |
| **Other                income**                                                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |
| Service                charges on deposit accounts                                                                                                                                                                                                                                               |   |   | 312 |   |   | 216 |   |
| Financial                service fees                                                                                                                                                                                                                                                            |   |   | 56 |   |   | 30 |   |
| Mortgage                origination fees                                                                                                                                                                                                                                                         |   |   | 198 |   |   | 34 |   |
| Increase                in cash surrender value of bank owned life insurance                policies                                                                                                                                                                                             |   |   | 60 |   |   | 62 |   |
| Other                operating income                                                                                                                                                                                                                                                            |   |   | 27 |   |   | 37 |   |
|  **Total                other income**                                                                                                                                                                                                                                                      |   |   | 653 |   |   | 379 |   |
| **Other                expenses**                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |
| Salaries                and employee benefits                                                                                                                                                                                                                                                    |   |   | 1,427 |   |   | 861 |   |
| Equipment                and occupancy expenses                                                                                                                                                                                                                                                  |   |   | 317 |   |   | 277 |   |
| Marketing                expenses                                                                                                                                                                                                                                                                |   |   | 39 |   |   | 55 |   |
| Data                processing expenses                                                                                                                                                                                                                                                          |   |   | 162 |   |   | 146 |   |
| Administrative                expenses                                                                                                                                                                                                                                                           |   |   | 411 |   |   | 164 |   |
| Legal                and professional                                                                                                                                                                                                                                                            |   |   | 109 |   |   | 102 |   |
| Directors                fees                                                                                                                                                                                                                                                                    |   |   | 66 |   |   | 63 |   |
| Amortization                of intangible assets                                                                                                                                                                                                                                                 |   |   | 11 |   |   | 12 |   |
| Stationery                and supply expense                                                                                                                                                                                                                                                     |   |   | 62 |   |   | 44 |   |
| Other                operating expenses                                                                                                                                                                                                                                                          |   |   | 164 |   |   | 93 |   |
|  **Total                other expense**                                                                                                                                                                                                                                                     |   |   | 2,768 |   |   | 1,817 |   |
| **Income                before income taxes**                                                                                                                                                                                                                                                    |   |   | 232 |   |   | 307 |   |
| Income                tax expense                                                                                                                                                                                                                                                                |   |   | 73 |   |   | 93 |   |
| **Net                income**                                                                                                                                                                                                                                                                    |   | $ | 159 |   | $ | 214 |   |
| **Basic                earnings per share**(weighted                average shares used in calculation: 2,914,972 in 2006 and 2,896,658                in                2005)                                                                                                                   |   | $ | .05 |   | $ | .07 |   |
| **Diluted                earnings per share**(weighted                average shares used in calculation: 3,013,704 in 2006 and 3,071,458                in                2005)                                                                                                                 |   | $ | .05 |   | $ | .07 |   |
| **Dividends                Declared per share**                                                                                                                                                                                                                                                  |   | $ | .02 |   | $ | .02 |   |

----

*Table            of Contents*

| **Community                Capital Bancshares, Inc.****and                Subsidiaries****Consolidated                Statements of Comprehensive                Income                (unaudited)** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Three                months ended March 31, 2006 and 2005(Dollars                in thousands)                                                                                                       |   |
|                                                                                                                                                                                                 |   |   |   |   |   |
|                                                                                                                                                                                                 |   | 2006 |   | 2005 |   |
|                                                                                                                                                                                                 |   |   |   |   |   |
| **Net                Income**                                                                                                                                                                        |   | $ | 159 |   | $ | 214 |   |
| Other                comprehensive loss                                                                                                                                                              |   |   |   |   |   |   |   |
| Net                unrealized holding losses arising during the period, net of tax benefit                of                $(34,000) in 2006 and $(282,000) in 2005.                                |   |   | (67 | ) |   | (547 | ) |
|  **Comprehensive                income (loss)**                                                                                                                                                 |   | $ | 92 |   | $ | (333 | ) |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |

----

*Table            of Contents*

| **Community                Capital Bancshares, Inc.****and                Subsidiaries****ConsolidatedStatements                of Cash Flows                (unaudited)**Three                Months ended March 31, 2006 and 2005(Dollars                in thousands) |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                      |   | 2006   |               | 2005   |   |
|-----------------------------------------------------------------------------------------------------------|--------|--------|--------------------|--------|--------|
| **Cash                Flows from operating activities:**                                                  |   |   |               |   |   |
| Net                income                                                                                 |   | $      | 159                |   | $      | 214 |   |
| Adjustments                to reconcile net loss to net cash used in operating                activities: |   |   |               |   |   |   |   |
| Depreciation                                                                                              |   |   | 118                |   |   | 116 |   |
| Amortization                of core deposit premiums                                                      |   |   | 11                 |   |   | 12 |   |
| Provision                for loan losses                                                                  |   |   | 479                |   |   | 180 |   |
| Provision                for deferred taxes                                                               |   |   | (23                | )      |   | 11 |   |
| Increase                in interest receivable                                                            |   |   | (227               | )      |   | (122 | ) |
| Other                operating activities                                                                 |   |   | 53                 |   |   | (669 | ) |
| Net                cash provided by (used in) operating activities                                        |   |   | 570                |   |   | (258 | ) |
|                                                                                                      |   |   |               |   |   |   |   |
| **Cash                Flows from Investing Activities:**                                                  |
| Purchase                of property and equipment                                                         |   |   | (443               | )      |   | (69 | ) |
| Net                decrease in federal funds sold                                                         |   |   | 2,025              |   |   | 1,363 |   |
| Net                increase in loans                                                                      |   |   | (22,587            | )      |   | (22,460 | ) |
| Proceeds                from maturities of securities available for sale                                  |   |   | 782                |   |   | 342 |   |
| Purchase                of securities available for sale                                                  |   |   | (580               | )      |   | (407 | ) |
| Net                cash used in investing activities                                                      |   |   | (20,803            | )      |   | (21,231 | ) |
|                                                                                                      |   |   |               |   |   |   |   |
| **Cash                Flows from Financing Activities:**                                                  |
| Net                increase in deposits                                                                   |   |   | 28,080             |   |   | 11,965 |   |
| Increase                in federal funds purchased                                                        |   |   | -                - |   |   | 3,015 |   |
| Net                increase (decrease) in other borrowings                                                |   |   | (8,000             | )      |   | 5,908 |   |
| Dividends                paid                                                                             |   |   | (60                | )      |   | (59 | ) |
| Proceeds                from exercise of stock warrants                                                   |   |   | 14                 |   |   | 149 |   |
| Net                cash provided by financing activities                                             |   |   | 20,034             |   |   | 20,978 |   |
| Net                decrease in cash                                                                       |   |   | (199               | )      |   | (511 | ) |
| Cash                and due from banks at beginning of period                                             |   |   | 6,931              |   |   | 5,515 |   |
| Cash                and due from banks at end of period                                              |   | $      | 6,732              |   | $      | 5,004 |   |
|                                                                                                      |   |   |               |   |   |   |   |
| **Supplemental                Disclosure**                                                                |
| Cash                paid for interest                                                                     |   | $      | 2,356              |   |   | 916 |   |
| Income                taxes                                                                               |   |   | 200                |   |   | -                - |   |
| **Non-Cash                Transaction**                                                                   |
| Unrealized                losses on securities available for sale                                         |   | $      | 101                |   | $      | 829 |   |

----

*Table            of Contents*

**Community      Capital Bancshares, Inc.**

**and      Subsidiaries**

**Notes      to Financial Statements**

**Note      1. Organization and Summary of Significant Accounting      Policies**

**Nature      of Business **

**Basis      of Presentation**

*Consolidation      of Variable Interest Entities*

----

*Table            of Contents*

**Income      Taxes**

**Stock      Compensation Plans **

*Accounting      for Stock Issued to Employees*

----

*Table            of Contents*

| Net                income, as reported                           |   | **$**  | **214,000** |   |
|------------------------------------------------------------------|--------|--------|-------------|--------|
| Deduct:                Total stock-based employee compensation   |   |   |        |   |
| expense                determined under fair value based         |   |   |        |   |
| Method                for all awards, net of related tax effects |   |   | **(22,000** | **)**  |
| Pro                forma net income                              |   | **$**  | **192,000** |   |
| Earnings                per share:                               |   |   |        |   |
| Basic                - as reported                               |   | **$**  | **.07**     |   |
| Basic                - pro forma                                 |   | **$**  | **.07**     |   |
| Diluted                - as reported                             |   | **$**  | **.07**     |   |
| Diluted                - pro forma                               |   | **$**  | **.06**     |   |

|                                                |   | **Shares** |               | **Weighted-****Average****Exercise****Price** |   | **Weighted                -****Average****Remaining****Contractual                Term** |   | **Aggregate****Intrinsic****Value** |   |
|-----------------------------------------------------|--------|------------|--------------------|-----------------------------------------------|--------|------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                |   |       |               |                                          |   |                                                                                     |   |                                |   |   |   |   |   |
| Outstanding                at beginning of year     |   |       | 374,621            |                                          | $      | 9.81                                                                                     |   |                                |   |   |   |   |   |
| Granted                                             |   |       | -                - |                                          |   |                                                                                     |   |                                |   |   |   |   |   |
| Exercised                                           |   |       | (2,000             | )                                             |   | 7.00                                                                                     |   |                                |   |   |   |   |   |
| Forfeited                                           |   |       | (63,142            | )                                             |   | 11.81                                                                                    |   |                                |   |   |   |   |   |
| Outstanding                at end of period         |   |       | 309,479            |                                          | $      | 9.30                                                                                     |   |                                | 5.8    |   | $ | 541,000 |   |
|                                                |   |       |               |                                          |   |                                                                                     |   |                                |   |   |   |   |   |
| Options                exercisable at end of period |   |       | 213,286            |                                          | $      | 8.47                                                                                     |   |                                | 4.5    |   | $ | 38,000 |   |

----

*Table            of Contents*

**Information      pertaining to options outstanding at March 31, 2006 is as      follows:**

|   |                                                    |   | **Options                Outstanding** |   | **Options                Exercisable**          |
|--------|---------------------------------------------------------|--------|----------------------------------------|--------|-------------------------------------------------|
|   |  **Range                of****Exercise****Prices** |   |   **Number****Outstanding**  |   | **Weighted-****Average****Contractual****Life** |   | **Weighted-****Average****Exercise****Price** |   |   **Number****Outstanding** |   | **Weighted-****Average****Exercise****Price** |
|   |                                                    |   |                                   |   |                                            |   |   |   |   |   |   |
|   | $                7.00                                   |   | 116,713                                |   | 3.0                years                        |   | $                7.00 |   | 116,713 |   | $                7.00 |
|   | 7.00                                                    |   | 1,989                                  |   | 4.0                years                        |   | 7.00 |   | 1,989 |   | 7.00 |
|   | 7.00                                                    |   | 1,989                                  |   | 5.0                years                        |   | 7.00 |   | 1,989 |   | 7.00 |
|   | 7.70                                                    |   | 999                                    |   | 3.0                years                        |   | 7.70 |   | 999 |   | 7.70 |
|   | 7.35                                                    |   | 21,428                                 |   | 3.6                years                        |   | 7.35 |   | 21,428 |   | 7.35 |
|   | 9.10                                                    |   | 714                                    |   | 3.0                years                        |   | 9.10 |   | 714 |   | 9.10 |
|   | 8.15                                                    |   | 1,988                                  |   | 6.0                years                        |   | 8.15 |   | 1,988 |   | 8.15 |
|   | 10.18                                                   |   | 40,000                                 |   | 6.0                years                        |   | 10.18 |   | 24,000 |   | 10.18 |
|   | 13.97                                                   |   | 11,989                                 |   | 6.5                years                        |   | 13.97 |   | 11,989 |   | 13.97 |
|   | 11.05                                                   |   | 15,000                                 |   | 8.1                years                        |   | 11.05 |   | 3,000 |   | 11.05 |
|   | 11.36                                                   |   | 11,500                                 |   | 8.4                years                        |   | 11.36 |   | 11,500 |   | 11.36 |
|   | 12.00                                                   |   | 1,988                                  |   | 8.1                years                        |   | 12.00 |   | 1,988 |   | 12.00 |
|   | 12.36                                                   |   | 15,000                                 |   | 9.1                years                        |   | 12.36 |   | 3,000 |   | 12.36 |
|   | 10.98                                                   |   | 55,000                                 |   | 9.2                years                        |   | 10.98 |   | 10,000 |   | 10.98 |
|   | 12.25                                                   |   | 3,000                                  |   | 9.3                years                        |   | 12.25 |   | -                - |   |   |
|   | 11.90                                                   |   | 9,182                                  |   | 9.3                years                        |   | 11.90 |   | 1,989 |   | 11.90 |
|   | 11.76                                                   |   | 1,000                                  |   | 9.3                years                        |   | 11.76 |   | -   |   |   |
|   |                                                    |   | 309,479                                |   |                                            |   |   |   | 213,286 |   |   |
|   |                                                    |   |                                   |   |                                            |   |   |   |   |   |   |

**A      summary of the status of the Company’s non-vested shares as of December 31, 2005      and changes during the current period are as follows:**

| **Nonvested                Shares**               |   | **Shares** |                   | **Weighted****average****Grant-Date                Fair****Value** |   |
|---------------------------------------------------|--------|------------|------------------------|--------------------------------------------------------------------|--------|
| **Nonvested                at December 31, 2005** |   |       | **168,193**            |                                                               | **$**  | **4.09** |   |
| **Granted**                                       |   |       | **-                -** |                                                               |   |   |   |
| **Vested**                                        |   |       | **(11,000**            | **)**                                                              |   | **3.93** |   |
| **Forfeited**                                     |   |       | **(61,000**            | **)**                                                              |   | **4.61** |   |
| **Nonvested                at March 31, 2006**    |   |       | **96,193**             |                                                               | **$**  | **3.78** |   |
|                                              |   |       |                   |                                                               |   |   |   |

**Accounting      Standards **

**,      there are no recent accounting **

----

*Table            of Contents*

**Management’sDiscussion      and Analysis of Financial Condition and      Results of Operations**

**Financial      Condition**

----

*Table            of Contents*

|                                                                           |   | March                31, 2006 |        | December                31, 2005 |   |
|--------------------------------------------------------------------------------|--------|-------------------------------|-------------|----------------------------------|--------|
| Interest                bearing demand and savings                             |   | $                             | 66,768,000  |                             | $      | 57,538,000 |   |
| Certificates                of deposit in denominations of $100,000 or greater |   |                          | 120,973,000 |                             |   | 113,198,000 |   |
| Other                Certificates of deposit                                   |   |                          | 64,203,000  |                             |   | 52,268,000 |   |
| Total                                                                          |   | $                             | 251,944,000 |                             | $      | 222,824,000 |   |

**Capital      Adequacy**

| Tier                1 Capital to Risk Weighted Assets, actual | 11.39% |
|---------------------------------------------------------------|--------|
| Tier                1 Capital minimum requirement             | 4.00%  |
|                                                          |   |
| Total                Capital to Risk Weighted Assets, actual  | 12.64% |
| Total                Capital minimum requirement              | 8.00%  |
|                                                          |   |
| Tier                1 Leverage Ratio                          | 8.69%  |
| Tier                1 Leverage Ratio minimum requirement      | 4.00%  |

**Results      of operations**

----

*Table            of Contents*

----

*Table            of Contents*

|                                        |   | Mar-06 |       | Dec-05 |   |
|---------------------------------------------|--------|--------|------------|--------|--------|
| Commitments                to extend credit |   | $      | 79,649,000 |   | $      | 71,362,000 |   |
| Standby                letters of credit    |   | $      | 1,293,000  |   | $      | 1,293,000 |   |

**Forward-Looking      Statements**

**ITEM      3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT      MARKET RISK**

----

*Table            of Contents*

**ITEM      4. CONTROLS AND PROCEDURES**

**PARTII**

| **ITEM              1.** | **Legal                Proceedings** |
|--------------------------|--------------------------------------|

| **ITEM              1.A.** | **RiskFactors** |
|----------------------------|-----------------|

----

*Table            of Contents*

| **ITEM              2.** | **UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF                PROCEEDS** |
|--------------------------|-----------------------------------------------------------------------------------------------|

| **ITEM              3.** | **DEFAULTSUPON                SENIOR                SECURITIES** |
|--------------------------|------------------------------------------------------------------|

| **ITEM              4.** | **SUBMISSION                OF MATTERS TO A VOTE OF SECURITY                HOLDERS** |
|--------------------------|---------------------------------------------------------------------------------------|

| **ITEM              5.** | **OTHER                INFORMATION** |
|--------------------------|--------------------------------------|

| **Item                6.** | **EXHIBITS** |
|----------------------------|--------------|

|  | **31.1** | Certification                    of the Chief Executive officer pursuant to Rule 13a-14(a) under                    the                    Securities exchange act of 1934, as                    amended. |
|--|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | **31.2** | Certification                    of the Chief Financial Officer pursuant to Rule                    13a-14(a) under the Securities exchange act of 1934, as                    amended. |
|--|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | **32.1** | Certification                of the Chief Executive Officer and Chief Financial Officer pursuant                to                Rule 13a-14(b) under the Securities exchange act of 1934, as                amended. |
|--|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Table          of Contents*

**SIGNATURES**

|                                                                                                                                                                                            | **Community                  Capital Bancshares, Inc.**                                                                                                           |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                            |                                                                                                                                                              |
|                                                                                                                                                                                            |                                                                                                                                                              |
|                                                                                                                                                                                            |                                                                                                                                                              |
|                          May 12,                  2006                  |  /s/                  Charles M. Jones,                  III                                                    |
|                                Date                                                                                            | Charles                  M. Jones, III,                                                                                                                           |
|                                                                                                                                                                                            | Chief                  Executive Officer                                                                                                                          |
|                                                                                                                                                                                            |                                                                                                                                                              |
|                                                                                                                                                                                            |                                                                                                                                                              |
|                                                                                                                                                                                            |                                                                                                                                                              |
|                         May 12, 2006                                                                                                     |  /s/                  David J. Baranko                                                                          |
|                             Date                                                                                                                   | David                  J. Baranko                                                                                                                                 |
|                                                                                                                                                                                            | Chief                  Financial Officer(Duly                  authorized officer andprincipal                  financial / accounting officer                  ) |