U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

(Mark One)

 X       Quarterly  report under Section 13 or 15(d) of the  Securities
         Exchange Act of 1934 for the quarterly  period ended March 31,
         2000.

___      Transition report under Section 13 or 15(d) of the Exchange Act
         For the transition period from _______________ to ________________

                          Commission File No. 333-25179

                     PEOPLE'S COMMUNITY CAPITAL CORPORATION

        (Exact Name of Small Business Issuer as Specified in its Charter)

         SOUTH CAROLINA                              58-2287073
    (State of Incorporation)              (I.R.S. Employer Identification No.)

                   106-A PARK AVENUE, S.W., AIKEN, SOUTH CAROLINA  29801
                    (Address of Principal Executive Offices)

                                 (803) 641-0142
                (Issuer's Telephone Number, Including Area Code)

                                 NOT APPLICABLE

(Former  Name,  Former  Address and Former  Fiscal Year,  if Changed  Since Last
Report)


         Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
has been subject to such filing requirements for the past 90 days.

                                                          Yes  X   No
                                                               ---    ---

         State the number of shares  outstanding of each of the issuer's classes
of common equity, as of the latest  practicable  date:  978,262 shares of common
stock, par value $.01 per share outstanding at May 5, 2000.

         Transitional Small Business Disclosure Format (check one):
                                                            Yes     No     X
                                                              ----       -----


<PAGE>

PART I - FINANCIAL INFORMATION
------------------------------

Item 1.   Financial Statements.
------------------------------
<TABLE>
<CAPTION>

                     People's Community Capital Corporation
                           Consolidated Balance Sheets

                                                                                  March 31,   December 31,
                                                                                    2000          1999
                                                                                 ---------    ------------
                                                                                (Unaudited)     (Audited)
                                     Assets

<S>                                                                              <C>              <C>
Cash and due from banks                                                          $  2,289,868     $  3,076,294
Federal funds sold                                                                  1,900,000        5,550,000
Securities, available for sale                                                     10,599,545       10,711,010
Loans receivable, net                                                              38,138,029       33,225,197
Properties and equipment, net                                                       1,674,838        1,678,862
Accrued interest receivable                                                           363,956          325,904
Deferred income taxes                                                                 186,138          136,949
Other assets                                                                           95,116           90,571
                                                                                -------------      -----------
         Total assets                                                             $55,247,490      $54,794,787
                                                                                --===========      ===========

                      Liabilities and Shareholders' Equity

Liabilities:
  Non-interest bearing deposits                                                 $  8,035,848     $  6,672,434
  Interest bearing deposits                                                       36,644,198       36,496,307
                                                                                ------------     ------------
         Total deposits                                                           44,680,046       43,168,741
  Accrued interest payable                                                            66,238           62,383
  Accrued expenses and other liabilities                                              73,495          100,480
  Other borrowings                                                                   987,235        2,006,427
                                                                                ------------     ------------
         Total liabilities                                                        45,807,014       45,338,031
                                                                                ------------     ------------

Shareholders' equity:
  Common stock,  $.01 par value;  10,000,000 shares  authorized,
       998,262 shares issued at March 31, 2000 and
       at December 31, 1999                                                            9,983            9,983
  Additional paid-in-capital                                                       9,776,507        9,776,507
  Retained earnings (deficit)                                                         46,154          (58,320)
  Accumulated other comprehensive income                                            (185,918)        (113,914)
                                                                                ------------      -----------
                                                                                   9,646,726        9,614,256
  Treasury stock, 20,000 and 15,000 shares at cost                                  (206,250)        (157,500)
                                                                                ------------      -----------
         Total shareholders' equity                                                9,440,476        9,456,756
                                                                                ------------      -----------

         Total liabilities and shareholders' equity                              $55,247,490      $54,794,787
                                                                                 ===========      ===========
</TABLE>

          See accompanying Notes to Consolidated Financial Statements.


                                       2
<PAGE>
<TABLE>
<CAPTION>
                     People's Community Capital Corporation
                      Consolidated Statements of Operations
                                   (Unaudited)

                                                                                                For the three months
                                                                                                   ended March 31,
                                                                                               -----------------------
                                                                                                2000            1999
                                                                                                ----            ----

<S>                                                                                      <C>              <C>
Interest income:
  Loans, including fees                                                                        $ 823,647        $ 508,783
  Federal funds sold                                                                              38,029           38,510
  Securities and short-term investments                                                          169,375          127,807
                                                                                             -----------       ----------
         Total interest income                                                                 1,031,051          675,100
                                                                                             -----------       ----------

Interest expense:
  Deposits                                                                                       378,098          212,991
  Other borrowings                                                                                 6,457            2,935
                                                                                             -----------       ----------
         Total interest expense                                                                  384,555          215,926
                                                                                             -----------       ----------

  Net interest income                                                                            646,496          459,174
  Provision for loan losses                                                                       57,000           32,000
                                                                                             -----------       ----------
         Net interest income after provision
           for loan losses                                                                       589,496          427,174
                                                                                             -----------       ----------

Non-interest income:
  Service charges on deposit accounts                                                             57,588           36,908
  Other income                                                                                    23,329           42,856
                                                                                             -----------      -----------
         Total non-interest income                                                                80,917           79,764
                                                                                             -----------      -----------

Non-interest expenses:
  Salaries and employee benefits                                                                 271,314          237,391
  Occupancy and equipment                                                                         60,935           50,584
  Consulting and professional fees                                                                38,635           28,641
  Customer related expenses                                                                       16,913           14,168
  General operating expenses                                                                      87,270           57,022
  Other expenses                                                                                  26,726           22,771
                                                                                              ----------       ----------
         Total non-interest expenses                                                             501,793          410,577

Income before income taxes                                                                       168,620           96,361
Income tax provision                                                                              64,146           36,804
                                                                                             -----------      -----------
Net income                                                                                     $ 104,474      $    59,557
                                                                                             ===========      ===========

Weighted average common shares outstanding:

     Basic                                                                                      980,899           998,162
     Diluted                                                                                  1,066,265         1,040,170

Earnings per share:
     Basic                                                                                     $    .11       $       .06
     Diluted                                                                                   $    .10       $       .06
</TABLE>

          See accompanying Notes to Consolidated Financial Statements.

                                       3
<PAGE>


                     People's Community Capital Corporation
                 Consolidated Statements of Comprehensive Income
                                   (Unaudited)

                                                   For the three months
                                                     ended  March 31,
                                                   ---------------------

                                                   2000             1999
                                                   ----             ----

Net income                                      $   104,474       $    59,557

Other comprehensive loss, net of tax:
  Net change in unrealized loss on securities
    available for sale                              (72,004)          (27,409)
                                                -----------        ----------

         Total other comprehensive loss             (72,004)          (27,409)
                                                -----------       -----------

Comprehensive income                            $    32,470       $    32,148
                                                ===========       ===========

          See accompanying Notes to Consolidated Financial Statements.



                                       4
<PAGE>

<TABLE>
<CAPTION>

                     People's Community Capital Corporation
                      Consolidated Statements of Cash Flows
                                   (Unaudited)

                                                                                      For the three months
                                                                                        ended  March 31,
                                                                                      ---------------------
                                                                                       2000            1999
                                                                                      -----           -----
<S>                                                                             <C>              <C>
Operating activities:
  Net income                                                                    $    104,474     $      59,557
  Adjustments to reconcile net income to net cash
    provided by operating activities:
      Depreciation and amortization                                                   27,586            25,823
      Provision for loan losses                                                       57,000            32,000
      Deferred income taxes                                                           (1,228)           16,568
      Changes in deferred and accrued amounts:
        Other assets and accrued interest receivable                                 (45,462)           19,124
        Accrued expenses and other liabilities                                       (23,130)           18,269
                                                                                ------------     -------------

         Net cash provided by operating activities                                   119,240           171,341
                                                                                -------------    -------------

Investing activities:

  Purchase of securities available for sale                                           (8,500)       (2,000,000)
  Maturities and calls of securities available for sale                                    -         2,798,266
  Purchases of property and equipment                                                (20,697)           (2,500)
  Net increase in loans                                                           (4,969,832)       (3,555,716)
  Net decrease in federal funds sold                                               3,650,000           230,000
                                                                                ------------      ------------

         Net cash used for investing activities                                   (1,349,029)       (2,529,950)
                                                                                ------------      ------------

Financing activities:

  Purchase of treasury stock                                                        (48,750)                 -
  Net increase in deposits                                                        1,511,305          3,321,893
  Net decrease in other borrowings                                               (1,019,192)           (93,565)
                                                                                -----------       ------------

         Net cash provided by financing activities                                  443,363          3,228,328
                                                                                -----------       ------------

Net (decrease)/increase in cash and due from banks                                 (786,426)           869,719
Cash and due from banks at beginning of period                                    3,076,294            958,613
                                                                                -----------       ------------
Cash and due from banks at end of period                                        $ 2,289,868        $ 1,828,332
                                                                                ===========       ============

Supplemental disclosure:
    Cash paid during the period for interest                                    $   380,700       $    208,354
                                                                                ===========       ============



</TABLE>

          See accompanying Notes to Consolidated Financial Statements.


                                       5
<PAGE>



                     People's Community Capital Corporation
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

Note 1.       Basis of Presentation

         The accompanying  unaudited consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information and with the  instructions to Form 10-QSB and Item 310(b)
of Regulation S-B of the Securities and Exchange Commission.  Accordingly,  they
do not include  all of the  information  and  footnotes  required  by  generally
accepted accounting  principles for complete financial  statements.  However, in
the opinion of  management,  all  adjustments  (consisting  of normal  recurring
adjustments)  considered  necessary for a fair  presentation have been included.
Operating results for the three months ended March 31, 2000, are not necessarily
indicative  of the results that may be expected for the year ended  December 31,
2000.  For  further  information,  please  refer to the  consolidated  financial
statements  and footnotes  thereto for the Company's  fiscal year ended December
31, 1999,  included in the Company's Form 10-KSB for the year ended December 31,
1999.

Note 2.     Summary of organization

         People's Community Capital Corporation (the "Company") was incorporated
on February  26,  1997,  under the laws of the State of South  Carolina  for the
purpose of  operating  as a bank  holding  company  pursuant to the Federal Bank
Holding Company Act of 1956, as amended.

         The  Company  is a bank  holding  company  whose  subsidiary,  People's
Community  Bank of South  Carolina  (the  "Bank"),  is primarily  engaged in the
business of accepting savings and demand deposits insured by the Federal Deposit
Insurance Corporation,  and providing mortgage, consumer and commercial loans to
the general public. The Bank formed a subsidiary,  People's Financial  Services,
Inc.  in  December  1999 for the purpose of  providing  comprehensive  financial
planning  services in  addition to full  service  brokerage,  including  stocks,
bonds, mutual funds, and insurance products.


                                       6
<PAGE>


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

         This  discussion  and  analysis  is  intended  to assist  the reader in
understanding our financial condition and results of operations. This commentary
should be read in  conjunction  with the  financial  statements  and the related
notes and other statistical information in this report.

         This report contains "forward-looking  statements" relating to, without
limitation, future economic performance,  plans and objectives of management for
future  operations,  and  projections of revenues and other financial items that
are based on the beliefs of our management,  as well as assumptions  made by and
information   currently  available  to  our  management.   The  words  "expect,"
"anticipate,"  and  "believe," as well as similar  expressions,  are intended to
identify  forward-looking  statements.  Our actual results may differ materially
from the results discussed in the forward-looking  statements, and our operating
performance each quarter is subject to various risks and uncertainties  that are
discussed in detail in our filings with the Securities and Exchange  Commission,
including the "Risk Factors" section in our registration  statement on Form SB-2
(Registration  Number  333-25179)  as filed with and  declared  effective by the
Securities and Exchange Commission.

         We were  incorporated  in South  Carolina on February  26, 1997 for the
purpose of operating as a bank holding  company.  Our  wholly-owned  subsidiary,
People's  Community  Bank of South  Carolina (the Bank),  commenced  business on
September 22, 1997 and is primarily engaged in the business of accepting savings
and demand deposits and providing mortgage, consumer and commercial loans to the
general  public.  The Bank operates two banking centers located in Aiken and one
located in North Augusta, South Carolina.

          The second  banking center located in Aiken was opened on September 8,
1998 in leased offices that also are the headquarters of the holding company.  A
tract of land has been  purchased in downtown  Aiken for the  construction  of a
permanent  banking  center  office.   The  cost  of  the  land  and  preliminary
construction  costs  through  March  31,  2000  were   approximately   $173,000.
Construction of the office is expected to begin this year.

         In December  1999,  the Bank formed a  subsidiary,  People's  Financial
Services,  Inc. for the purpose of providing  comprehensive  financial  planning
services in addition to full service brokerage,  including stocks, bonds, mutual
funds, and insurance products.

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

EARNINGS REVIEW

         Our net income for the first  quarter of 2000 was $104,474  compared to
$59,557 for the same period last year.  The income per share  increased  to $.11
compared  to $.06 for the same  period in 1999.  This  improvement  in  earnings
reflects  the  continued  growth in the level of earning  assets  since the Bank
commenced operations.  The level of average earning assets was $48.9 million for
the three months ended March 31, 2000 as compared to $34.0 million for the three
months  ended  March 31,  1999.  During the first  quarter of 2000,  we achieved
positive retained earnings,  thus recovering previous losses associated with the
start-up of the business.

         Net interest income represents the difference between interest received
or accrued on interest  earning  assets and interest paid or accrued on interest
bearing



                                       7
<PAGE>

liabilities.  The following presents,  in a tabular form, average balance sheets
that  highlight  the main  components  of interest  earning  assets and interest
bearing  liabilities,  on an annualized basis, for the three month periods ended
March 31, 2000 and 1999. Yields are derived by dividing income or expense by the
average balance of the  corresponding  assets or liabilities.  Average  balances
have been derived from daily averages.
<TABLE>
<CAPTION>

                                        Three months ended March 31, 2000               Three months ended March 31, 1999
                                      ---------------------------------------         ------------------------------------------
                                      Average          Interest        Yield          Average       Interest           Yield/
                                      Balance      Income/Expense      /Rate          Balance     Income/Expense        Rate
                                      -------      --------------      -----          -------     --------------       ------
 <S>                                <C>             <C>               <C>        <C>                <C>              <C>
 ASSETS
Federal funds sold                    $ 2,663,686     $   38,029        5.71%      $  3,332,268       $  38,510        4.62%
Securities                             10,707,665        169,375        6.33%         8,281,729         127,807        6.17%
Loans                                  35,553,983        823,647        9.27%        22,353,936         508,783        9.10%
                                    -------------    -----------                     ----------       ---------
Total earning assets                   48,925,334      1,031,051        8.43%        33,967,933         675,100        7.95%
                                    -------------    -----------                     ----------       ---------

Cash and due from banks                 1,783,900                                     1,352,642
Premises and equipment                  1,666,168                                     1,708,413
Other assets                            1,086,977                                     1,009,538
Allowance for loan losses                (434,833)                                     (305,667)
                                    -------------                                    ----------
   Total assets                        53,027,546                                    37,732,859
                                    =============                                    ==========

  LIABILITIES & EQUITY
Interest-bearing deposits:
Transaction accounts                    6,598,623         20,840        1.26%         4,472,579          14,370         1.29%
Money market accounts                   9,306,120         92,365        3.97%         8,015,265          78,608         3.92%
Savings deposits                          747,515          4,527        2.42%           430,758           2,454         2.28%
Time deposits                          19,228,402        260,366        5.42%         9,337,773         117,559         5.04%
                                    -------------    -----------                     ----------      ----------
   Total interest bearing deposits     35,880,660        378,098        4.22%        22,256,375         212,991         3.83%
Interest-bearing borrowings               453,734          6,457        5.69%           272,640           2,935
                                    -------------    -----------                     ----------      ----------         4.31%

   Total interest-bearing liabilities  36,334,394        384,555        4.23%        22,529,015         215,926
                                    -------------    -----------                     ----------      ----------         3.83%

Demand deposits                         7,155,944                                     5,693,120
Other liabilities                          42,633                                        96,452
Shareholders' equity                    9,494,575                                     9,414,272
                                    -------------                                   -----------
   Total liabilities &
       shareholders equity            $53,027,546                                   $37,732,859
                                    =============                                   ===========

Net interest spread                                                     4.20%                                           4.12%

Net interest income/margin                             $ 646,496        5.29%                          $459,174         5.41%
                                                      ==========                                     ==========
</TABLE>

         Net  interest  income was $646,496 for the three months ended March 31,
2000 as compared to $459,174 for the three months ended March 31, 1999.  The net
interest  margin (net interest  income  divided by average  earning  assets) was
5.29% for the three  months  ended March 31, 2000  compared to the net  interest
margin of 5.41% for the three months  ended March 31,  1999.  The decline in net
interest   margin  is   largely   due  to  the  higher   rates   being  paid  on
interest-bearing  deposits  in light of five  increases  in the prime rate since
March 31, 1999.

         Interest  income  for the first  three  months  of 2000 was  $1,031,051
compared to $675,100 for the same period in 1999.  The volume of total  earnings
assets  increased  by about $15  million  between the two  periods.  The largest
component  of  interest  income  was  interest  and fees on loans  amounting  to
$823,647 for the three months ended March 31, 2000  compared to $508,783 for the
comparable prior year period.  The overall rate on the loan portfolio  increased
from  9.10%  for  the  three  months  ended  March  31,  1999 to  9.27%  for the
three-month  period ended March 31, 2000.  Interest earned on federal funds sold
remained  about the same amount for



                                       8
<PAGE>

the two periods under review even though the average  federal funds sold balance
was lower for the three  months  ended  March 31,  2000 than for the  comparable
period in 1999 by about $668,000.

This  increase,  as well as the  increases  recognized in the available for sale
bond portfolio, increased the yield on average earning assets from 7.95% for the
first three months of 1999 to 8.43% for the same period in 2000.

         Interest  expense  increased  from  $215,926 for the three months ended
March 31, 1999 to $384,555 for the three months ended March 31, 2000 as the size
of interest-bearing liabilities,  primarily deposits, increased from $22,529,015
to  $36,334,394,  an increase of 61%. The average rate paid on interest  bearing
liabilities  increased  from 3.83% to 4.23%  reflecting the increases in general
market rates of interest paid on deposits and borrowings as mentioned above.

Non-interest Income

         Non-interest income for the three-month period ended March 31, 2000 was
$80,917 compared to $79,764 for the same period in 1999. Of this total,  $57,588
represented service charges on deposit accounts for the three months ended March
31, 2000 compared to $36,908 for the comparable  period in 1999. The increase in
income from deposit service charges is due to the increase in deposit  customers
during the comparable periods.  The remaining $23,329 of non-interest income for
the first three months of 2000 was income generated from other fees charged. For
the same period in 1999, other income amounted to $42,856, the largest component
being brokered  mortgage  origination fee income of $27,808.  Brokered  mortgage
origination  fee income only  amounted to $2,275 for the first  quarter of 2000,
reflecting  the  decrease  in  refinancing  activities  associated  with  rising
interest  rates.  The majority of other fee income for the first quarter of 2000
was $10,622 of fees from non-deposit  investment  products' activity  associated
with the Bank's  financial  services  subsidiary  that  commenced  operations in
December 1999.

Non-interest Expense

         Non-interest  expense for the three-month  periods ended March 31, 2000
and 1999 were $501,793 and $410,577,  respectively,  a 22% increase. The largest
component of non-interest expense was salaries and employee benefits of $271,314
and $237,391, respectively. Salaries and employee benefits expense increased 14%
due to general  merit  increases,  the  addition  of staff  associated  with the
financial services subsidiary,  and the matching of 401k plan contributions that
began January 1, 2000. Occupancy and equipment expense increased $10,351, or 20%
largely due to additional  depreciation  associated with new equipment purchases
and repairs on existing  equipment.  Consulting and professional  fees increased
$9,994,  or 35% due to an increase in the FDIC fee  assessment  as deposits have
increased,  scheduled  increases in auditing and other consulting  service fees,
and the  commencement of directors' fees in August 1999. The largest  percentage
increase in non-interest  expense was general operating expenses which increased
53%,  or  $30,248.  This  increase  was due to higher  levels  of Bank  activity
generating increased costs, primarily in data processing, but also in items such
as postage, supplies and Federal Reserve processing fees.

Provision for Loan Losses

         The  provision  for loan losses was $57,000 and $32,000,  respectively,
for the first three months of 2000 and 1999,  bringing the total reserve balance
to $467,000 and $317,000 at March 31, 2000 and 1999,  respectively.  This amount
represents  1.21% of gross loans at March 31,  2000,  compared to 1.29% at March
31, 1999. It also reflects  management's  estimates of the amounts  necessary to
maintain  the  allowance  for loan losses at a level  believed to be adequate in
relation to the current  size,  mix and quality of the loan  portfolio.  See the
description  of the  allowance  for loan  losses  below.  However,  management's
judgment  as to the  adequacy  of



                                       9
<PAGE>

the allowance is based upon a number of assumptions  about future events that it
believes to be reasonable,  but which may or may not be accurate. Because of the
inherent  uncertainty of assumptions made during the evaluation  process,  there
can be no  assurance  that  charge-offs  in future  periods  will not exceed the
allowance  for  loan  losses  or that  additional  increases  in the  loan  loss
allowance will not be required.  We had $41,847 in potential  problem loans that
were  classified  as  non-accrual  loans  at  March  31,  2000.  There  were  no
non-performing  loans at March  31,  1999.  There  were no  charge-offs  for the
periods ended March 31, 2000 or March 31, 1999.

BALANCE SHEET REVIEW

         Total consolidated assets grew by $452,703 from $54,794,787 at December
31, 1999 to $55,247,490 at March 31, 2000. The increase was generated  through a
$1,511,305  increase in deposits with a $1,019,192  decrease in borrowed  funds.
Federal funds sold  decreased by  $3,650,000,  and the funds  generated from the
decrease  in  Federal  funds  sold and the  increase  in  deposits  were used to
increase net loans by $4,912,832.  The  available-for-sale  investment portfolio
decreased  by $111,465  since  December 31, 1999  primarily  due to market value
adjustments.  There were no purchases or  maturities in the period other than an
additional stock purchase in the Federal Home Loan Bank of $8,500.  Cash and due
from banks decreased by $786,426.

Loans

         Outstanding  loans represent the largest component of earning assets as
of March 31, 2000 at $38,138,029,  or 75.3% of total earning  assets.  Net loans
increased $4,912,832, or 14.8%, since December 31, 1999.

         The  interest  rates  charged  on loans  vary with the  degree of risk,
maturity and amount of the loan.  Competitive  pressures,  money  market  rates,
availability of funds, and government regulations also influence interest rates.
The average  yield on our loans for the period ended March 31, 2000 was 9.27% as
compared to a yield of 9.19% for the year ended December 31, 1999.

Allowance for Loan Losses

         The allowance for loan losses at March 31, 2000 was $467,000,  or 1.21%
of loans  outstanding,  compared  to an  allowance  of  $410,000,  or 1.22%,  at
December  31, 1999.  The  allowance  for loan losses is based upon  management's
continuing   evaluation  of  the  collectibility  of  loans  based  somewhat  on
historical loan loss experience,  but mostly,  because of the lack of historical
data available in a new company,  based on current economic conditions affecting
the  ability  of  borrowers  to  repay,  the  volume of loans,  the  quality  of
collateral  securing   non-performing  and  problem  loans,  and  other  factors
deserving   recognition.   As  of  March  31,   2000,   there  were  $41,847  in
non-performing loans with no charge-offs for the period.

Securities

         Investment securities  represented 20.9% of earning assets at March 31,
2000 with a total of  $10,599,545,  down  $111,465  from the  December  31, 1999
balance of  $10,711,010.  The yield on investment  securities  was 6.33% for the
three months ended March 31, 2000 compared to 6.18% for the year ended  December
31,  1999.  Included  in  available-for-sale  securities  is  $109,900  of stock
purchased  in the  Federal  Home  Loan  Bank of  Atlanta,  of which  $8,500  was
purchased in the first quarter of 2000. This purchase was a requirement from the
FHLB in order to secure borrowings from them in the future.


                                       10
<PAGE>

Deposits

         Our  primary  source of funds for loans and  investments  is  deposits.
Deposits  grew  $1,511,305,  or  3.5%,  since  year-end  1999  for  a  total  of
$44,680,046  at March 31,  2000.  The  average  rates  paid on  interest-bearing
deposits  were  4.22%  and  3.93%  at March  31,  2000 and  December  31,  1999,
respectively.  In  pricing  deposits,  we  consider  our  liquidity  needs,  the
direction and levels of interest rates,  and local market  conditions.  The Bank
had paid  higher  rates  initially  to  attract  deposits  but had  subsequently
decreased  the rates  based on the  factors  above.  The Bank has now seen rates
begin to move back up again due to changes in those same factors.

Liquidity and Sources of Capital

         At March 31, 2000, our liquid  assets,  consisting of cash and due from
banks and Federal funds sold, amounted to $4,189,868, representing 7.6% of total
assets.  Investment  securities  amounted to $10,599,545,  representing 19.2% of
total assets;  these  securities  provide a secondary  source of liquidity since
they can be converted into cash in a timely manner.  Our ability to maintain and
expand our deposit base and  borrowing  capabilities  also serves as a source of
liquidity.  For the  three-month  period  ended March 31, 2000,  total  deposits
increased  by $1.5  million  representing  an  increase  of  3.5%,  or 14% on an
annualized  basis.  Our  deposit  growth  rate  is not as  high as it was in the
initial periods of our development. Our management closely monitors and seeks to
maintain  appropriate  levels of  interest-earning  assets and  interest-bearing
liabilities  so that  maturities  of  assets  are such that  adequate  funds are
provided to meet customer withdrawals and loan demand.

         We plan to meet future cash needs through the  liquidation of temporary
investments,  maturities of loans and investment  securities,  and generation of
deposits. In addition, the Bank maintains two lines of credit from correspondent
banks in the amount of $1,800,000 each, and is a member of the Federal Home Loan
Bank, from which applications may be made for borrowing capabilities, if needed.

         The Bank currently maintains a level of capitalization in excess of the
minimum capital requirements set by the regulatory agencies. Despite anticipated
asset growth,  management  expects its capital ratios to continue to be adequate
for the next two to three years.  However,  no  assurances  can be given in this
regard, as rapid growth, deterioration in loan quality, and operating losses, or
a  combination  of  these  factors,  could  change  our  capital  position  in a
relatively  short period of time.  We plan to begin  construction  in 2000 on an
office  building  in  downtown  Aiken with  estimated  capital  expenditures  of
$1,200,000.  The capital project is expected to be funded with internal sources.
The cost of the land and preliminary  construction  costs through March 31, 2000
was  approximately  $173,000.  Below is a table that  reflects  the leverage and
risk-based regulatory capital ratios of the Bank at March 31, 2000:

                                        Well-Capitalized     Minimum
                               Ratio      Requirement       Requirement
                               -----    ----------------    -----------

Tier 1 capital                 14.48%     6.00%               4.0%
Total capital                  15.64%    10.00%               8.0%
Tier 1 leverage ratio          11.71%     5.00%               4.0%



                                       11
<PAGE>

YEAR 2000 ISSUES

         Like many financial institutions, we rely upon computers for conducting
our business  and for  information  systems  processing.  Industry  experts were
concerned that on January 1, 2000, some computers would not be able to interpret
the new  year  properly,  causing  computer  malfunctions.  While  we  have  not
experienced any material  computer  malfunctions  to date,  there remains a risk
that  our  computers   will  be  unable  to  read  or  interpret  data  on  Year
2000-sensitive  dates,  including  October 10, 2000. Our regulators  have issued
guidelines to require compliance with Year 2000 issues. In accordance with these
guidelines,  we have  developed  and executed a plan to ensure that our computer
and telecommunication systems do not have these Year 2000 problems. We generally
rely on software and hardware  developed by  independent  third  parties for our
information  systems.  We  believe  that  our  internal  systems  and  software,
including  our  network  connections,  are  programmed  to comply with Year 2000
requirements,   although   there  is  a  risk  they  may  not  be.  We  incurred
approximately  $2,000 in expenses in 1999 to implement our Year 2000 plan. Under
our plan, we are continuing to monitor the situation  throughout  2000. Based on
information  currently available,  we believe that we will not incur significant
additional expenses in connection with the Year 2000 issue.

         The Year 2000  issue may also  negatively  affect the  business  of our
customers,  but to  date we are not  aware  of any  material  Year  2000  issues
affecting  them.  We include  Year 2000  readiness  in our  lending  criteria to
minimize  risk.  However,  this will not eliminate the issue,  and any financial
difficulties  that our  customers  experience  caused by Year 2000 issues  could
impair their ability to repay loans to us.

RECENTLY ISSUED ACCOUNTING STANDARDS

         In June 1998, the Financial  Accounting  Standards Board,  FASB, issued
SFAS 133,  "Accounting for Derivative  Instrument and Hedging  Activities."  All
derivatives are to be measured at fair value and recognized in the balance sheet
as assets or  liabilities.  The  statement is now effective for fiscal years and
quarters  beginning  after June 15, 2000  (delayed  through the issuance of SFAS
137, "Accounting for Derivative Instruments and Hedging Activities - Deferral of
the Effective  Date of FASB  Statement No. 133 - An Amendment of FASB  Statement
No.  133").  Because  we do  not  use  derivative  transactions  at  this  time,
management does not expect that this standard will have a significant  effect on
us.

         In  October   1998,   the  FASB  issued  SFAS  134,   "Accounting   for
Mortgage-Backed  Securities  Retained after the Securitization of Mortgage Loans
Held for Sale by a Mortgage Banking  Enterprise." The new statement  establishes
accounting and reporting  standards for certain  activities of mortgage  banking
enterprises.  The statement is effective for the first quarter  beginning  after
December  15,  1998.  The  statement  did not have an  impact  on our  financial
statements.

PART II - OTHER INFORMATION
---------------------------

Item 1. Legal Proceedings
-------------------------

Not Applicable

Item 2. Changes in Securities
-----------------------------

Not Applicable

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<PAGE>


Item 3. Defaults Upon Senior Securities
---------------------------------------

Not Applicable

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

Not Applicable

Item 5. Other Information
-------------------------

None.

Item 6. Exhibits and Report on Form 8-K
---------------------------------------

     (a) Exhibits - 27.1  Financial  Data  Schedule for period  ending March 31,
         2000.

     (b)  Reports on Form 8-K - No  reports  on Form 8-K were  filed  during the
          quarter ended March 31, 2000.


                                       13
<PAGE>


                                   SIGNATURES

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

                                  People's Community Capital Corporation
                                  (Registrant)

Date:    May 8, 2000              By:      /s/ Tommy B. Wessinger
                                           -------------------------------------
                                           Tommy B. Wessinger
                                           Chief Executive Officer

                                  By:      /s/ Jean H. Covington
                                           -------------------------------------
                                           Jean H. Covington
                                           Principal Accounting and Chief
                                                Financial Officer



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