----

----

**UNITED        STATES**

**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 |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

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

**Community        Capital Bancshares, Inc.**

| Georgia                                          | 58-2413468                           |
|--------------------------------------------------|--------------------------------------|
| (State                  or other jurisdiction of | (IRS                  Employer       |
| Incorporation                  or organization)  | Identification                  No.) |

| Yes                    X    | No                  ___ |
|--------------------------------------------|-------------------------|

| Large                  Accelerated Filer  ____ |  Accelerated                  Filer ____ |  Non-Accelerated                  Filer   X   |
|-----------------------------------------------------|-----------------------------------------------|------------------------------------------------------------------------|

| Yes                  ___ | No                     X    |
|--------------------------|-----------------------------------------------------------|

**APPLICABLE        ONLY TO CORPORATE ISSUERS:**

----

| **PART                  I - FINANCIAL INFORMATION** | Page                  No.                                                                                                                                                      |
|-----------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                |                                                                                                                                                                           |   |
| ITEM                  1.                            | Financial                  Statements                                                                                                                                          |   |
|                                                |                                                                                                                                                                           |   |
|                                                | Consolidated                  balance sheets as of December 31, 2006 and September 30, 2007                  (unaudited)                                                       | 3 |
|                                                |                                                                                                                                                                           |   |
|                                                | Consolidated                  statements of income (unaudited) for the three and nine months                  ended                  September 30, 2006 and 2007               | 4 |
|                                                |                                                                                                                                                                           |   |
|                                                | Consolidated                  statements of comprehensive income (unaudited) for the three and                  nine                  months ended September 30, 2006 and 2007 | 5 |
|                                                |                                                                                                                                                                           |   |
|                                                | Consolidated                  statements of cash flows (unaudited) for the nine months ended                  September                  30, 2006 and 2007                     | 6 |
|                                                |                                                                                                                                                                           |   |
| Item                  2.                            | Management’s                  Discussion and Analysis of Financial Condition and Results of                  Operations                                                  | 9 |
|                                                |                                                                                                                                                                           |   |
| Item                  3.                            | Quantitative                  and Qualitative Disclosures about Market Risk                                                                                                    | 14 |
|                                                |                                                                                                                                                                           |   |
| Item                  4.                            | Controls                  and Procedures                                                                                                                                       | 14 |
|                                                |                                                                                                                                                                           |   |
| **PART                  II - OTHER INFORMATION**    |                                                                                                                                                                           |
|                                                |                                                                                                                                                                           |   |
| ITEM                  1.                            | Legal                  Proceedings                                                                                                                                             | 16 |
|                                                |                                                                                                                                                                           |   |
| ITEM                  1.A.                          | 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                                                                                                                                                                       | 18 |

----

| **Community                    Capital Bancshares, Inc.**                                                                                              |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **and                    Subsidiaries**                                                                                                                |   |
| **Consolidated                    Balance Sheets**                                                                                                     |   |
| (Dollars                    in thousands)                                                                                                              |   |
|                                                                                                                                                   |   |   |   |   |   |   |
|                                                                                                                                                   |   | September                    30, 2007(unaudited) |   |   | December                    31,2006 |   |
| **Assets**                                                                                                                                             |   |   |   |   |   |   |
| Cash                    and due from banks                                                                                                             |   | $ | 7,489 |   |   | $ | 7,408 |   |
| Federal                    funds sold                                                                                                                  |   |   | 19,364 |   |   |   | 6,400 |   |
| Securities                    available for sale                                                                                                       |   |   | 50,981 |   |   |   | 36,524 |   |
| Restricted                    equity securities                                                                                                        |   |   | 2,561 |   |   |   | 2,434 |   |
|                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Loans                                                                                                                                                  |   |   | 151,809 |   |   |   | 225,630 |   |
| Less                    allowance for loan losses                                                                                                      |   |   | 5,381 |   |   |   | 5,507 |   |
|      Loans,                    net                                                                                            |   |   | 146,428 |   |   |   | 220,123 |   |
|                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Premises                    and equipment                                                                                                              |   |   | 6,657 |   |   |   | 6,758 |   |
| Premises                    and equipment held for sale                                                                                                |   |   | - |   |   |   | 3,022 |   |
| Goodwill                                                                                                                                               |   |   | 2,334 |   |   |   | 2,334 |   |
| Core                    deposit premium                                                                                                                |   |   | 212 |   |   |   | 240 |   |
| Other                    assets                                                                                                                        |   |   | 12,814 |   |   |   | 11,693 |   |
| **     Total                    Assets**                                                                                      |   | $ | 248,840 |   |   | $ | 296,936 |   |
|                                                                                                                                                   |   |   |   |   |   |   |   |   |
| **Liabilities                    and Shareholders' Equity**                                                                                            |   |   |   |   |   |   |   |   |
| Deposits                                                                                                                                               |   |   |   |   |   |   |   |   |
|      Non-interest                    bearing                                                                                  |   | $ | 20,521 |   |   | $ | 19,480 |   |
|      Interest                    bearing                                                                                      |   |   | 170,040 |   |   |   | 218,073 |   |
|           Total                    deposits                                                          |   |   | 190,561 |   |   |   | 237,553 |   |
| Other                    borrowings                                                                                                                    |   |   | 25,000 |   |   |   | 27,000 |   |
| Guaranteed                    preferred beneficial interests in junior                    subordinated debentures                                 |   |   | 4,124 |   |   |   | 4,124 |   |
| Other                    liabilities                                                                                                                   |   |   | 1,961 |   |   |   | 1,467 |   |
| **     Total                    Liabilities**                                                                                 |   |   | 221,646 |   |   |   | 270,144 |   |
|                                                                                                                                                   |   |   |   |   |   |   |   |   |
| 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;                                                                        |   |   |   |   |   |   |   |   |
|   3,104,040                    and 3,074,210 shares issued                                                                                   |   |   | 3,104 |   |   |   | 3,074 |   |
| Capital                    surplus                                                                                                                     |   |   | 23,334 |   |   |   | 23,032 |   |
| Retained                    earnings                                                                                                                   |   |   | 1,503 |   |   |   | 1,654 |   |
| Accumulated                    other comprehensive loss                                                                                                |   |   | (400 | ) |   |   | (568 | ) |
| Less                    cost of treasury stock, 46,761 and 53,475 shares as ofSeptember                    30, 2007 and December 31, 2006 respectively |   |   | (347 | ) |   |   | (400 | ) |
| **       Total                    shareholders' equity**                                                            |   |   | 27,194 |   |   |   | 26,792 |   |
| **     Total                    Liabilities and Shareholders' Equity**                                                        |   | $ | 248,840 |   |   | $ | 296,936 |   |

----

| **Community                    Capital Bancshares, Inc.**** and                    Subsidiaries****Consolidated                    Statements of Operations (unaudited)****For                    the three and nine months ended September 30, 2007 and                    2006****(Dollars                    in thousands, except per share data)** |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                        |

|                                                                                                                                          |   | Three                    months ended    |                        |   | Nine                    months ended    |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|-----------------------------|--------|--------------------------------------------------------|--------|
|                                                                                                                                          |   | September                                               |                        |   | September                                              |   |   | September |   |   | September |   |
|                                                                                                                                          |   |                                                    | 30,                    2007 |   |                                                   |   | 30,                    2006 |   |   |   | 30,                    2007 |   |   |   | 30,                    2006 |   |
| **Interest                    Income**                                                                                                        |   |                                                    |                        |   |                                                   |   |   |   |   |   |   |   |   |
| Loans                                                                                                                                         |   |                                                    | 3,360                       |   |                                                   |   | 5,556 |   |   |   | 12,260 |   |   |   | 15,810 |   |
| Investment                    securities                                                                                                      |   |                                                    | 553                         |   |                                                   |   | 473 |   |   |   | 1,436 |   |   |   | 1,410 |   |
| Deposits                    in banks                                                                                                          |   |                                                    |  25                    |   |                                                   |   | 6 |   |   |   | 29 |   |   |   | 17 |   |
| Federal                    funds sold                                                                                                         |   |                                                    | 234                         |   |                                                   |   | 21 |   |   |   | 417 |   |   |   | 205 |   |
| **     Total                    interest income**                                                                    |   |                                                    | 4,172                       |   |                                                   |   | 6,056 |   |   |   | 14,142 |   |   |   | 17,442 |   |
| **Interest                    expense**                                                                                                       |   |
| Deposits                                                                                                                                      |   |                                                    | 2,051                       |   |                                                   |   | 2,681 |   |   |   | 6,522 |   |   |   | 7,402 |   |
| Other                    borrowed money                                                                                                       |   |                                                    | 318                         |   |                                                   |   | 399 |   |   |   | 1,079 |   |   |   | 1,260 |   |
| **     Total                    interest expense**                                                                   |   |                                                    | 2,369                       |   |                                                   |   | 3,080 |   |   |   | 7,601 |   |   |   | 8,662 |   |
| **     Net                    interest income**                                                                      |   |                                                    | 1,803                       |   |                                                   |   | 2,976 |   |   |   | 6,541 |   |   |   | 8,780 |   |
| Provision                    for loan losses                                                                                                  |   |                                                    | 660                         |   |                                                   |   | 124 |   |   |   | 1,344 |   |   |   | 937 |   |
| **     Net                    interest income after provision for loan losses**                                      |   |                                                    | 1,143                       |   |                                                   |   | 2,852 |   |   |   | 5,197 |   |   |   | 7,843 |   |
| **Other                    income**                                                                                                           |   |
| Service                    charges on deposit accounts                                                                                        |   |                                                    | 229                         |   |                                                   |   | 303 |   |   |   | 695 |   |   |   | 958 |   |
| Financial                    service fees                                                                                                     |   |                                                    | 78                          |   |                                                   |   | 54 |   |   |   | 198 |   |   |   | 161 |   |
| Mortgage                    origination fees                                                                                                  |   |                                                    | 23                          |   |                                                   |   | 290 |   |   |   | 92 |   |   |   | 720 |   |
| Loss                    on sale of investment securities                                                                                      |   |                                                    |                        |   |                                                   |   | (59 | ) |   |   |   |   |   |   | (59 | ) |
| Loss                    on sale of foreclosed properties                                                                                      |   |                                                    | (26                         | )      |                                                   |   | (90 | ) |   |   | (90 | ) |   |   | (109 | ) |
| Gain                    (loss) on sale of fixed assets                                                                                        |   |                                                    | (15                         | )      |                                                   |   | -                    - |   |   |   | 206 |   |   |   | -                    - |   |
| Increase                    in cash surrender value of company owned                    insurance      policies |   |                                                    | 68                          |   |                                                   |   | 63 |   |   |   | 199 |   |   |   | 185 |   |
| Other                    operating income                                                                                                     |   |                                                    | 49                          |   |                                                   |   | 192 |   |   |   | 159 |   |   |   | 304 |   |
| **     Total                    other income**                                                                       |   |                                                    | 406                         |   |                                                   |   | 753 |   |   |   | 1,459 |   |   |   | 2,160 |   |
| **Other                    expenses**                                                                                                         |   |
| Salaries                    and employee benefits                                                                                             |   |                                                    | 1,199                       |   |                                                   |   | 1,456 |   |   |   | 3,573 |   |   |   | 4,175 |   |
| Equipment                    and occupancy expense                                                                                            |   |                                                    | 311                         |   |                                                   |   | 354 |   |   |   | 894 |   |   |   | 989 |   |
| Marketing                    expense                                                                                                          |   |                                                    | 44                          |   |                                                   |   | 57 |   |   |   | 134 |   |   |   | 148 |   |
| Data                    processing expense                                                                                                    |   |                                                    | 152                         |   |                                                   |   | 175 |   |   |   | 464 |   |   |   | 516 |   |
| Administrative                    expenses                                                                                                    |   |                                                    | 233                         |   |                                                   |   | 230 |   |   |   | 627 |   |   |   | 833 |   |
| Legal                    and professional                                                                                                     |   |                                                    | 107                         |   |                                                   |   | 135 |   |   |   | 307 |   |   |   | 394 |   |
| Directors                    fees                                                                                                             |   |                                                    | 74                          |   |                                                   |   | 78 |   |   |   | 231 |   |   |   | 205 |   |
| Amortization                    of intangible assets                                                                                          |   |                                                    | 9                           |   |                                                   |   | 10 |   |   |   | 27 |   |   |   | 32 |   |
| Stationery                    and supply expense                                                                                              |   |                                                    | 31                          |   |                                                   |   | 63 |   |   |   | 99 |   |   |   | 177 |   |
| Other                    operating expenses                                                                                                   |   |                                                    | 100                         |   |                                                   |   | 192 |   |   |   | 338 |   |   |   | 549 |   |
| **     Total                    other expense**                                                                      |   |                                                    | 2,260                       |   |                                                   |   | 2,750 |   |   |   | 6,694 |   |   |   | 8,018 |   |
| **Income                    (loss) before income taxes**                                                                                      |   |                                                    | (711                        | )      |                                                   |   | 855 |   |   |   | (38 | ) |   |   | 1,985 |   |
| Income                    tax expense (benefit)                                                                                               |   |                                                    | (264                        | )      |                                                   |   | 285 |   |   |   | (73 | ) |   |   | 643 |   |
| **Net                    Income (loss)**                                                                                                      |   |                                                    | (447                        | )      |                                                   |   | 570 |   |   |   | 35 |   |   |   | 1,342 |   |
| Basic                    earnings (loss) per share                                                                                            |   | $                                                       | (0.15                       | )      |                                                   | $      | 0.19 |   |   | $ | 0.01 |   |   | $ | 0.46 |   |
| Diluted** **earnings                    (loss) per share                                                                                 |   | $                                                       | (0.15                       | )      |                                                   | $      | 0.18 |   |   | $ | 0.01 |   |   | $ | 0.44 |   |
| Weighted                    average common shares outstanding                                                                                 |   |                                                    | 3,057,282                   |   |                                                   |   | 2,996,578 |   |   |   | 3,039,250 |   |   |   | 2,947,298 |   |
| Weighted                    average diluted common shares outstanding                                                                         |   |                                                    | 3,057,282                   |   |                                                   |   | 3,074,149 |   |   |   | 3,039,250 |   |   |   | 3,030,709 |   |
| Dividends                    declared per share                                                                                               |   | $                                                       | .02                         |   |                                                   | $      | .02 |   |   | $ | .06 |   |   | $ | .06 |   |

----

| **Community                  Capital Bancshares, Inc.****and                  Subsidiaries****Consolidated                  Statements of Comprehensive Income (unaudited)** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Three                  and nine months ended September 30, 2007 and 2006(Dollars                  in thousands)                                                              |   |
|                                                                                                                                                                         |   |
|                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                         |   | Three                  Months Ended |   |   | Nine                  Months Ended |   |
|                                                                                                                                                                         |   | September                  30, 2007 |   |   | September                  30, 2006 |   |   | September                  30, 2007 |   |   | September                  30, 2006 |   |
|                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                  Income (loss)**                                                                                                                                       |   | $ | (447 | ) |   | $ | 570 |   |   | $ | 35 |   |   | $ | 1,342 |   |
| Other                  comprehensive income:                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  unrealized holding gains arising during the period.                                                                                                     |   |   | 590 |   |   |   | 786 |   |   |   | 254 |   |   |   | 165 |   |
| Tax                  expense on unrealized holding gains                                                                                                                     |   |   | (201 | ) |   |   | (267 | ) |   |   | (86 | ) |   |   | (56 | ) |
| Reclassification                  adjustment for losses included in net income                                                                                               |   |   | - - |   |   |   | 59 |   |   |   | - - |   |   |   | 59 |   |
| Tax                  benefit for losses included in net income                                                                                                               |   |   |   |   |   |   | (20 | ) |   |   |   |   |   |   | (20 | ) |
| Total                  other comprehensive income                                                                                                                            |   |   | 389 |   |   |   | 558 |   |   |   | 168 |   |   |   | 148 |   |
|  **Comprehensive                  income (loss)**                                                                                                                       |   | $ | (58 | ) |   | $ | 1,128 |   |   | $ | 203 |   |   | $ | 1,490 |   |

----

| **Community                  Capital Bancshares, Inc.****and                  Subsidiaries****Consolidated                  Statements of Cash Flows (unaudited)**Nine                  Months ended September 30, 2007 and 2006(Dollars                  in thousands) |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                     |   | 2007   |                 |   | 2006   |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------------|--------|--------|--------|
| **Cash                  Flows from operating activities:**                                                               |   |   |                 |   |   |   |
| Net                  income                                                                                              |   | $      | 35                   |   |   | $      | 1,342 |   |
| Adjustments                  to reconcile net income to net cash provided by operating                  activities: |   |   |                 |   |   |   |   |   |
| Depreciation                                                                                                             |   |   | 320                  |   |   |   | 349 |   |
| Amortization                  of core deposit premium                                                                    |   |   | 27                   |   |   |   | 32 |   |
| Provision                  for loan losses                                                                               |   |   | 1,344                |   |   |   | 937 |   |
| Provision                  for deferred taxes                                                                            |   |   | 59                   |   |   |   | (58 | ) |
| Stock                  option expense                                                                                    |   |   | 76                   |   |   |   | - |   |
| (Increase)                  decrease in interest receivable                                                              |   |   | 610                  |   |   |   | (173 | ) |
| Gain                  on sale of fixed assets                                                                            |   |   | (206                 | )      |   |   | -                  - |   |
| Loss                  on sale of other real estate owned                                                                 |   |   | 90                   |   |   |   | -                  - |   |
| Other                  operating activities                                                                              |   |   | (2,148               | )      |   |   | 514 |   |
|      Net                  cash provided by operating activities                                 |   |   | 207                  |   |   |   | 2,943 |   |
|                                                                                                                     |   |   |                 |   |   |   |   |   |
| **Cash                  Flows from Investing Activities:**                                                               |
| Purchase                  of property and equipment                                                                      |   |   | (228                 | )      |   |   | (1,991 | ) |
| Proceeds                  from sale of fixed assets                                                                      |   |   | 3,236                |   |   |   | 108 |   |
| Net                  (increase) decrease in federal funds sold                                                           |   |   | (12,964              | )      |   |   | 1,790 |   |
| Net                  (increase) decrease in loans                                                                        |   |   | 72,352               |   |   |   | (13,720 | ) |
| Proceeds                  from maturities of securities available for sale                                          |   |   | 3,893                |   |   |   | 1,551 |   |
| Proceeds                  from sale of other real estate owned                                                           |   |   | 676                  |   |   |   | -                  - |   |
| Proceeds                  from sale of securities                                                                        |   |   | -                  - |   |   |   | 4,234 |   |
| Purchase                  of securities available for sale                                                               |   |   | (18,096              | )      |   |   | (2,612 | ) |
| Purchase                  of other securities                                                                            |   |   | (128                 | )      |   |   | -                  - |   |
|      Net                  cash provided by (used in) investing activities                  |   |   | 48,741               |   |   |   | (10,640 | ) |
|                                                                                                                     |   |   |                 |   |   |   |   |   |
| **Cash                  Flows from Financing Activities:**                                                               |
| Net                  increase (decrease) in deposits                                                                     |   |   | (46,992              | )      |   |   | 18,623 |   |
| Dividends                  paid to shareholders                                                                          |   |   | (185                 | )      |   |   | (182 | ) |
| Proceeds                  from exercise of stock options                                                                 |   |   | 238                  |   |   |   | 692 |   |
| Net                  decrease in other borrowings                                                                        |   |   | (2,000               | )      |   |   | (6,000 | ) |
| Treasury                  stock transactions, net                                                                        |   |   | 72                   |   |   |   | 86 |   |
|      Net                  cash provided by(used in) financing activities                   |   |   | (48,867              | )      |   |   | 13,219 |   |
| Net                  increase in cash                                                                                    |   |   | 81                   |   |   |   | 5,522 |   |
| Cash                  and due from banks at beginning of period                                                          |   |   | 7,408                |   |   |   | 6,931 |   |
| Cash                  and due from banks at end of period                                                                |   |   | 7,489                |   |   |   | 12,453 |   |
|                                                                                                                     |   |   |                 |   |   |   |   |   |
| **Supplemental                  Disclosure**                                                                             |
| Cash                  paid for interest                                                                                  |   | $      | 7,723                |   |   | $      | 8,604 |   |
| Income                  taxes                                                                                            |   | $      | 440                  |   |   | $      | 711 |   |
|                                                                                                                     |   |   |                 |   |   |   |   |   |
| **Non-Cash                  Transaction**                                                                                |
| Other                  real estate acquired in settlement of loans                                                       |   | $      | 1,561                |   |   |   | -                  - |   |
| Unrealized                  losses on securities available for sale                                                      |   | $      | 254                  |   |   | $      | 165 |   |

----

**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**

----

**Income        Taxes**

**Stock        Compensation Plans**

**Accounting        Standards**

----

**Management’s        Discussion and Analysis of Financial Condition and**

**Results        of Operations**

**Financial        Condition**

----

|                                                                             |   | September                  30, 2007 |        |   | December                  31, 2006 |   |
|----------------------------------------------------------------------------------|--------|-------------------------------------|-------------|--------|------------------------------------|--------|
| Interest                  bearing demand and savings                             |   | $                                   | 55,351,000  |   |                               | $      | 61,242,000 |   |
| Certificates                  of deposit in denominations of $100,000 or greater |   |                                | 62,130,000  |   |                               |   | 96,977,000 |   |
| Other                  certificates of deposit                                   |   |                                | 52,559,000  |   |                               |   | 59,854,000 |   |
|      Total                                              |   | $                                   | 170,040,000 |   |                               | $      | 218,073,000 |   |

**Capital        Adequacy**

| Tier                  1 Capital to risk weighted assets    |   |   |   |
|------------------------------------------------------------|--------|--------|--------|
|  Ratio,                  actual                       |   |   | 18.51  | % |
| Tier                  1 Capital minimum requirement        |   |   | 4.00   | % |
|                                                       |   |   |   |   |
| Tier                  2 Capital to risk weighted assets    |   |   |   |   |
|  Ratio,                  actual                       |   |   | 19.79  | % |
| Tier                  2 Capital minimum requirement        |   |   | 8.00   | % |
|                                                       |   |   |   |   |
| Tier                  1 Leverage Ratio                     |   |   | 11.49  | % |
| Tier                  1 Leverage Ratio minimum requirement |   |   | 4.00   | % |

----

**Results        of Operations**

**For        the quarter end compared to prior year quarter end**

----

**For        the year to date comparison to prior year**

----

**Off-Balance        Sheet Arrangements**

|                                          |   | September,                  2007 |       |   | December,                  2006 |   |
|-----------------------------------------------|--------|----------------------------------|------------|--------|---------------------------------|--------|
| Commitments                  to extend credit |   | $                                | 47,601,000 |   |                            | $      | 57,958,000 |   |
| Standby                  letters of credit    |   | $                                | 1,020,000  |   |                            | $      | 1,020,000 |   |

**LIQUIDITY        AND CAPITAL RESOURCES**

**REGULATORY        MATTERS**

**Forward-Looking        Statements**

----

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

**Interest        Rate Risk: Income Sensitivity Summary**

| Market                  Rate Change | Effect                  on Net Interest Income |
|-------------------------------------|------------------------------------------------|
| (Immediate)                         |                                           |
| +200                  bps           | -2.58%                                         |
| +100                  bps           | -2.63%                                         |
| -100                  bps           | -.17%                                          |
| -200                  bps           | -.68%                                          |

**ITEM        4.  CONTROLS AND PROCEDURES**

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**PART        II**

| **ITEM                  1.**   | **Legal                  Proceedings**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|--------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           | None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| **ITEM                  1.A.** | **Risk                  Factors**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           | You                  should carefully consider the risk factors discussed in Item 1A                  of Part I                  of our Annual Report on Form 10-K for the year ended December 31,                  2006,                  which could materially affect our business, financial condition                  or future                  results.  The risks described in our Annual Report on Form 10-K                  are not the only risks facing our Company.  Additional risks and                  uncertainties not currently known to us or that we currently deem                  to be                  immaterial also may materially adversely affect our business, financial                  condition and/or operating results. |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| **ITEM                  2.**   | **UNREGISTERED                  SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                           | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | None |
|                           | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | None |
|                           | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | None |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| **ITEM                  3.**   | **DEFAULTS                  UPON SENIOR SECURITIES**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                           | None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| **ITEM                  4.**   | **SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY HOLDERS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                           | None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| **ITEM                  5.**   | **OTHER                  INFORMATION**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                           | None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| **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. |

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**SIGNATURES**

| **Community                  Capital Bancshares, Inc.** |
|---------------------------------------------------------|
|                                                    |   |
|                                                    |   |
|                                                    |   |
| November                  14, 2007                      | /s/                  John H. Monk, Jr. |
| Date                                                    | John                  H. Monk, Jr. |
|                                                    | Chief                  Executive Officer |
|                                                    |   |
|                                                    |   |
|                                                    |   |
| November                  14, 2007                      | /s/                  David J. Baranko |
| Date                                                    | David                  J. Baranko |
|                                                    | Chief                  Financial Officer |
|                                                    | (Duly                  authorized officer and |
|                                                    | principal                  financial / accounting |
|                                                    | officer) |