----

----

**FORM        10-QSB**

| x | Quarterly                    report under Section 13 or 15 (d) of the Securities Exchange                    Act of                    1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------------|

|  ̈ | Transition                    report under Section 13 or 15 (d) of the Exchange                    Act |
|--------|--------------------------------------------------------------------------------------------------------|

**FLINT        RIVER BANCSHARES, INC.**

|   | **GEORGIA**                                                                     |   | **30-0205366**                                        |   |
|--------|---------------------------------------------------------------------------------|--------|-------------------------------------------------------|--------|
|   | (State                  or Other Jurisdiction of Incorporation or Organization) |   | (I.R.S.                  Employer Identification No.) |   |

**260        Hwy 19, North **

**Camilla,        Georgia 31730**

**(229)        336-5666 **
** **

**Not        Applicable**

**APPLICABLE        ONLY TO CORPORATE ISSUERS**

----

Flint

| PART                  I:                                                                                           | FINANCIAL                  INFORMATION                                                                                                         |   |   |
|--------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| ITEM                  1.                                                                                           | FINANCIAL                  STATEMENTS                                                                                                          | PAGE   |   |
|                                                                                                               |                                                                                                                                           |   |   |
| The                  following financial statements are provided for Flint River Bancshares,                  Inc. |                                                                                                                                           |   |
|                                                                                                               |                                                                                                                                           |   |   |
|                                                                                                               | Consolidated                  Balance Sheets - September 30, 2005                  (unaudited) and December 31, 2004 (audited)                 | 2      |   |
|                                                                                                               |                                                                                                                                           |   |   |
|                                                                                                               | Consolidated                  Statement of Loss (unaudited) - For the Three                  and Nine Months Ended September 30, 2005 and 2004 | 3      |   |
|                                                                                                               |                                                                                                                                           |   |   |
|                                                                                                               | Consolidated                  Statement of Cash Flows (unaudited) - For the                  Nine Months Ended September 30, 2005 and 2004     | 4      |   |
|                                                                                                               |                                                                                                                                           |   |   |
|                                                                                                               | Notes                  to Consolidated Financial Statements                  (unaudited)                                                       | 5      |   |
|                                                                                                               |                                                                                                                                           |   |   |
| ITEM                  2.                                                                                           | Management’s                  Discussion and Analysis                                                                                    | 7      |   |
|                                                                                                               |                                                                                                                                           |   |   |
| ITEM                  3.                                                                                           | Controls                  and Procedures                                                                                                       | 9      |   |
|                                                                                                               |                                                                                                                                           |   |   |
| PART                  II:                                                                                          | OTHER                  INFORMATION                                                                                                             | 10     |   |
|                                                                                                               |                                                                                                                                           |   |   |
| Item                  1.                                                                                           | Legal                  Proceedings                                                                                                             | 10     |   |
|                                                                                                               |                                                                                                                                           |   |   |
| Item                  2.                                                                                           | Unregistered                  Sales of Equity Securities and Use of                  Proceeds                                                  | 10     |   |
|                                                                                                               |                                                                                                                                           |   |   |
| Item                  3.                                                                                           | Defaults                  Upon Senior Securities                                                                                               | 10     |   |
|                                                                                                               |                                                                                                                                           |   |   |
| Item                  4.                                                                                           | Submission                  of Matters to a Vote of Security                  Holders                                                          | 10     |   |
|                                                                                                               |                                                                                                                                           |   |   |
| Item                  5.                                                                                           | Other                  Information                                                                                                             | 10     |   |
|                                                                                                               |                                                                                                                                           |   |   |
| Item                  6.                                                                                           | Exhibits                                                                                                                                       | 10     |   |

----

*Index*

***FLINT        RIVER BANCSHARES, INC. AND        SUBSIDIARY***

**CONSOLIDATED        BALANCE SHEETS**

**AS        OF SEPTEMBER 30, 2005 AND DECEMBER 31, 2004 **

----

|                                                                                                                                                     |   | **(UNAUDITED) **                   |       | **(AUDITED)**                     |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|------------|----------------------------------------|--------|
| **Assets**                                                                                                                                               |   | **September                  30, 2005** |       | **December                  31, 2004** |   |
|                                                                                                                                                     |   |                                    |       |                                   |   |
| Cash                  and due from banks                                                                                                                 |   | $                                       | 1,205      |                                   | $      | 377,027 |   |
| Interest                  bearing deposits with banks                                                                                                    |   |                                    | 103,265    |                                   |   | - |   |
| Federal                  funds sold                                                                                                                      |   |                                    | 1,139,000  |                                   |   | 477,000 |   |
| Total                  cash and cash equivalents                                                                                                         |   |                                    | 1,243,470  |                                   |   | 854,027 |   |
|                                                                                                                                                     |   |                                    |       |                                   |   |   |   |
| Securities                  available for sale, at fair value                                                                                            |   |                                    | 2,138,562  |                                   |   | 1,936,156 |   |
| Federal                  Reserve Bank stock, restricted, at cost                                                                                         |   |                                    | 159,000    |                                   |   | 159,000 |   |
| Federal                  Home Loan Bank stock, restricted, at cost                                                                                       |   |                                    | 64,200     |                                   |   | - |   |
|                                                                                                                                                     |   |                                    |       |                                   |   |   |   |
| Loans,                  net of unearned income                                                                                                           |   |                                    | 13,877,570 |                                   |   | 4,935,848 |   |
| Less                  - allowance for loan losses                                                                                                        |   |                                    | (171,240   | )                                      |   | (47,342 | ) |
| Loans,                  net                                                                                                                              |   |                                    | 13,706,330 |                                   |   | 4,888,506 |   |
|                                                                                                                                                     |   |                                    |       |                                   |   |   |   |
| Bank                  premises and equipment, net                                                                                                        |   |                                    | 1,522,104  |                                   |   | 1,506,183 |   |
| Accrued                  interest receivable                                                                                                             |   |                                    | 201,919    |                                   |   | 65,262 |   |
| Other                  assets                                                                                                                            |   |                                    | 181,439    |                                   |   | 115,429 |   |
| **Total                  Assets**                                                                                                                        |   | $                                       | 19,217,024 |                                   | $      | 9,524,563 |   |
|                                                                                                                                                     |   |                                    |       |                                   |   |   |   |
| **Liabilities                  and Shareholders' Equity**                                                                                                |   |                                    |       |                                   |   |   |   |
|                                                                                                                                                     |   |                                    |       |                                   |   |   |   |
| Deposits:                                                                                                                                                |   |                                    |       |                                   |   |   |   |
| Non-interest                  bearing                                                                                                                    |   | $                                       | 2,094,600  |                                   | $      | 465,549 |   |
| Interest                  bearing                                                                                                                        |   |                                    | 11,272,638 |                                   |   | 3,676,670 |   |
| Total                  deposits                                                                                                                          |   |                                    | 13,367,238 |                                   |   | 4,142,219 |   |
|                                                                                                                                                     |   |                                    |       |                                   |   |   |   |
| FHLB                  Borrowing                                                                                                                          |   |                                    | 1,000,000  |                                   |   | - |   |
| Accrued                  interest payable                                                                                                                |   |                                    | 16,523     |                                   |   | 3,030 |   |
| Accrued                  expenses and other liabilities                                                                                                  |   |                                    | 119,390    |                                   |   | 146,945 |   |
| Total                  liabilities                                                                                                                       |   |                                    | 14,503,151 |                                   |   | 4,292,194 |   |
|                                                                                                                                                     |   |                                    |       |                                   |   |   |   |
| Shareholders'                  Equity:                                                                                                                   |   |                                    |       |                                   |   |   |   |
| Common                    stock, $1 par value, authorized 10,000,000 shares, issued and                    outstanding                    627,237 shares |   |                                    | 627,737    |                                   |   | 627,737 |   |
| Paid-in                  capital surplus                                                                                                                 |   |                                    | 5,649,633  |                                   |   | 5,649,633 |   |
| Deficit                  accumulated during development stage                                                                                            |   |                                    | (365,022   | )                                      |   | (365,022 | ) |
| Accumulated                  deficit                                                                                                                     |   |                                    | (1,154,590 | )                                      |   | (670,262 | ) |
| Accumulated                  other comprehensive loss                                                                                                    |   |                                    | (43,885    | )                                      |   | (9,717 | ) |
| Total                  shareholders' equity                                                                                                              |   |                                    | 4,713,873  |                                   |   | 5,232,369 |   |
| **Total                  Liabilities and Shareholders' Equity**                                                                                          |   | $                                       | 19,217,024 |                                   | $      | 9,524,563 |   |

----

*Index*

***FLINT        RIVER BANCSHARES, INC. AND        SUBSIDIARY***

**CONSOLIDATED        STATEMENT OF LOSS**

**FOR        THE THREE MONTHS ENDED AND NINE MONTHS ENDED SEPTEMBER 30, 2005 AND        2004**

**(UNAUDITED)        **

----

|                                                                  |   | **Three                  Months Ended** |         | **Nine                  Months Ended**  |   |
|-----------------------------------------------------------------------|--------|-----------------------------------------|--------------|-----------------------------------------|--------|
|                                                                  |   | **September                  30,**      |         | **September                  30, 2005** |   |
| **Interest                  and Dividend Income:**                    |   | **2005**                                |         | **2004**                                |   | **2005** |   | **2004** |   |
| Interest                  and fees on loans                           |   | $                                       | 237,584      |                                    | $      | 59,162 |   | $ | 554,915 |   | $ | 59,162 |   |
| Interest                  and dividends on securities:                |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| Taxable                  income                                       |   |                                    | 27,292       |                                    |   | 1,000 |   |   | 69,130 |   |   | 1,000 |   |
| Income                  on federal funds sold                         |   |                                    | 2,369        |                                    |   | 1,745 |   |   | 10,827 |   |   | 1,745 |   |
| Other                  interest income                                |   |                                    | -            |                                    |   | 14,659 |   |   | - |   |   | 14,659 |   |
| Total                  interest and dividend income                   |   |                                    | 267,245      |                                    |   | 76,556 |   |   | 634,872 |   |   | 76,566 |   |
|                                                                  |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| **Interest                  Expense:**                                |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| Deposits                                                              |   |                                    | 78,136       |                                    |   | 1,079 |   |   | 157,923 |   |   | 1,079 |   |
| Other                  borrowed funds                                 |   |                                    | 13,481       |                                    |   | 23,587 |   |   | 20,582 |   |   | 23,587 |   |
| Total                  interest expense                               |   |                                    | 91,617       |                                    |   | 24,666 |   |   | 178,505 |   |   | 24,666 |   |
|                                                                  |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| Net                  interest income before provision for loan losses |   |                                    | 175,628      |                                    |   | 51,900 |   |   | 456,367 |   |   | 51,900 |   |
| Less                  - provision for loan losses                     |   |                                    | 33,415  |                                    |   | 27,569 |   |   | 126,603 |   |   | 27,569 |   |
| Net                  interest income after provision for loan losses  |   |                                    | 209,115      |                                    |   | 24,331  |   |   | 329,764 |   |   | 24,331 |   |
|                                                                  |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| **Noninterest                  Income:**                              |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| Service                  charges on deposit accounts                  |   |                                    | 13,423       |                                    |   | 36 |   |   | 28,938 |   |   | 36 |   |
| Other                  service charges, commissions and fees          |   |                                    | 742          |                                    |   | - |   |   | 1,247 |   |   | - |   |
| Other                  income                                         |   |                                    | 142          |                                    |   | 6,163 |   |   | 867 |   |   | 6,163 |   |
| Total                  noninterest income                             |   |                                    | 14,307       |                                    |   | 6,199 |   |   | 31,052 |   |   | 6,199 |   |
|                                                                  |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| **Noninterest                  Expense:**                             |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| Salaries                                                              |   |                                    | 117,462      |                                    |   | 230,906 |   |   | 348,601 |   |   | 230,906 |   |
| Employee                  benefits                                    |   |                                    | 28,530       |                                    |   | 30,136 |   |   | 91,871 |   |   | 30,136 |   |
| Net                  occupancy expense                                |   |                                    | 20,340       |                                    |   | 5,065 |   |   | 51,484 |   |   | 5,065 |   |
| Equipment                  rental and depreciation of equipment       |   |                                    | 40,581       |                                    |   | 15,311 |   |   | 101,456 |   |   | 15,311 |   |
| Other                  expenses                                       |   |                                    | 95,111       |                                    |   | 162,810 |   |   | 251,732 |   |   | 162,810 |   |
| Total                  noninterest expense                            |   |                                    | 302,024      |                                    |   | 444,228 |   |   | 845,144 |   |   | 444,228 |   |
|                                                                  |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| **Loss                  Before Income Taxes**                         |   |                                    | (145,574     | )                                       |   | (413,698 | ) |   | (484,328 | ) |   | (413,698 | ) |
| Provision                  for income taxes                           |   |                                    | -            |                                    |   | - |   |   | - |   |   | - |   |
| **Net                  Loss**                                         |   | $                                       | (145,574     | )                                       | $      | (413,698 | ) | $ | (484,328 | ) | $ | (413,698 | ) |
|                                                                  |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| **Loss                  per share:**                                  |   |                                    |         |                                    |   |   |   |   |   |   |   |   |   |
| Basic                                                                 |   | $                                       | (0.23        | )                                       | $      | (0.66 | ) | $ | (0.77 | ) | $ | (0.66 | ) |
| Diluted                                                               |   | $                                       | (0.23        | )                                       | $      | (0.66 | ) | $ | (0.77 | ) | $ | (0.66 | ) |

----

*Index*

***FLINT        RIVER BANCSHARES, INC. AND        SUBSIDIARY***

**CONSOLIDATED        STATEMENT OF CASH FLOWS**

**FOR        THE NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004**

**(UNAUDITED)        **

----

|                                                                                                          |   | **Nine                  Months Ended** |       |
|---------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|------------|
|                                                                                                          |   | **September                  30,**     |       | **September                  30,** |   |
|                                                                                                          |   | **2005**                               |       | **2004** |   |
| **Cash                  Flows from Operating Activities:**                                                    |   |                                   |       |   |   |
| Net                  loss                                                                                     |   | $                                      | (484,328   | ) | $ | (413,698 | ) |
| Adjustments                  to reconcile net loss to net cash used in operating                  activities: |   |                                   |       |   |   |   |   |
| Provision                  for loan losses                                                                    |   |                                   | 126,603    |   |   | 27,569 |   |
| Depreciation                                                                                                  |   |                                   | 70,609     |   |   | - |   |
| Changes                  in accrued income and other assets                                                   |   |                                   | (202,667   | ) |   | (134,538 | ) |
| Changes                  in accrued expenses and other liabilities                                            |   |                                   | (14,062    | ) |   | 8,832 |   |
| Net                  cash used in operating activities                                                        |   |                                   | (503,845   | ) |   | (511,835 | ) |
|                                                                                                          |   |                                   |       |   |   |   |   |
| **Cash                  Flows from Investing Activities:**                                                    |   |                                   |       |   |   |   |   |
| Net                  change in loans to customers                                                             |   |                                   | (8,944,427 | ) |   | (2,756,926 | ) |
| Purchase                  of available for sale securities                                                    |   |                                   | (496,797   | ) |   | (1,016,562 | ) |
| Proceeds                  from paydowns of available for sale securities                                      |   |                                   | 260,223    |   |   | - |   |
| Purchase                  of Federal Home Loan Bank stock                                                     |   |                                   | (64,200    | ) |   | (159,000 | ) |
| Property                  and equipment expenditures                                                          |   |                                   | (86,530    | ) |   | (1,051,482 | ) |
| Net                  cash used in investing activities                                                        |   |                                   | (9,331,731 | ) |   | (4,983,970 | ) |
|                                                                                                          |   |                                   |       |   |   |   |   |
| **Cash                  Flows from Financing Activities:**                                                    |   |                                   |       |   |   |   |   |
| Net                  change in deposits                                                                       |   |                                   | 9,225,019  |   |   | 1,490,966 |   |
| Proceeds                  from Federal Home Loan Bank borrowings                                              |   |                                   | 1,000,000  |   |   | - |   |
| Proceeds                  from issuance of short-term debt                                                    |   |                                   | -          |   |   | 147,000 |   |
| Proceeds                  from issuance of long-term debt                                                     |   |                                   | -          |   |   | 1,589,198 |   |
| Principle                  payments on short-term debt                                                        |   |                                   | -          |   |   | (539,000 | ) |
| Principle                  payments on long-term debt                                                         |   |                                   | -          |   |   | (1,589,198 | ) |
| Proceeds                  from issuance of common stock                                                       |   |                                   | -          |   |   | 6,272,370 |   |
| Net                  cash provided by financing activities                                                    |   |                                   | 10,225,019 |   |   | 7,371,336 |   |
|                                                                                                          |   |                                   |       |   |   |   |   |
| **Net                  Decrease in Cash and Cash Equivalents**                                                |   |                                   | 389,443    |   |   | 1,875,531 |   |
| **Cash                  and Cash Equivalents, Beginning of Year**                                             |   |                                   | 854,027    |   |   | 550 |   |
| **Cash                  and Cash Equivalents, End of Period**                                                 |   | $                                      | 1,243,470  |   | $ | 1,876,081 |   |

----

*Index*

**FLINT        RIVER BANCSHARES, INC. AND SUBSIDIARY**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**(UNAUDITED)        **

----

| **(1)** | **Basis                  of  Presentation** |
|---------|--------------------------------------------------|

| **(2)** | **New                  and Pending Pronouncements** |
|---------|-----------------------------------------------------|

| **(3)** | **Other                  Comprehensive Loss** |
|---------|-----------------------------------------------|

| Accumulated                  other comprehensive loss at December 31, 2004                                                                                     |   | $      | (9,717  | )      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
| Other                  comprehensive loss, net of tax:                                                                                                         |   |   |    |   |
| Change                    in unrealized loss on securities available for sale net of deferred                    income                    tax expense of $-0- |   |   | (34,168 | )      |
| Less                  - Reclassification adjustment for gains realized in net                  income                                                          |   |   | -       |   |
| Accumulated                  other comprehensive loss at September 30, 2005                                                                                    |   | $      | (43,885 | )      |

| **(4)** | **Stock-Based                  Compensation** |
|---------|-----------------------------------------------|

----

*Index*

**FLINT        RIVER BANCSHARES, INC. AND SUBSIDIARY**

**NOTES        TO CONSOLIDATED FINANCIAL STATEMENTS**

**(UNAUDITED)        **

----

|                                                                              |   | *Shares* |    | *Weighted**Average**Exercise**Price* |   |
|-----------------------------------------------------------------------------------|--------|----------|---------|--------------------------------------|--------|
|                                                                              |   |     |    |                                 |   |
| Outstanding                  at beginning of year                                 |   |     | -       |                                 | $      | - |   |
| Granted                                                                           |   |     | 100,000 |                                 |   | 10.00 |   |
| Exercised                                                                         |   |     | -       |                                 |   | - |   |
| Forfeited                                                                         |   |     | -       |                                 |   | - |   |
| Outstanding                  at end of period                                     |   |     | 100,000 |                                 | $      | 10.00 |   |
| Options                  exercisable at period-end                                |   |     | 33,333  |                                 | $      | 10.00 |   |
|                                                                              |   |     |         |                                 |   |  |   |
| Weighted-average                    fair value of options granted during the year |   | $        | -       |                                 |   |  |   |

----

*Index*

***FLINT        RIVER BANCSHARES, INC.***

***Item        2 - Management’s Discussion and Analysis***

***For        Nine Months Ended September 30, 2005***

----

----

*Index*

***FLINT        RIVER BANCSHARES, INC.***

***Item        2 - Management’s Discussion and Analysis***

***For        Nine Months Ended September 30, 2005***

----

----

*Index*

***FLINT        RIVER BANCSHARES, INC.***

***Item        3 - Controls and Procedures***

***For        the Nine Months Ended September 30, 2005***

----

----

*Index*

***FLINT        RIVER BANCSHARES, INC.***

***Part        II - Other Information***

***For        the Quarter Ended September 30, 2005***

----

Item        1

Item        2

Item        3.

Item        4. 

Item        5.

Item        6

Exhibit        31.1
**Certification        of the Chief Executive Officer, Pursuant to Rule 15d-14(a) under the Securities        Exchange Act of 1934, as amended.**

Exhibit        31.2 
**Certification        of the Chief Financial Officer, Pursuant to Rule 15d-14(a) under the Securities        Exchange Act of 1934, as amended.**

Exhibit        32.1
**Certification        of the Chief Executive Officer, Pursuant to 18 U.S.C. Section 1350.**

Exhibit        32.2 
**Certification        of the Chief Financial Officer, Pursuant to 18 U.S.C. Section 1350.**

**SIGNATURES**

| **Flint                  River Bancshares, Inc.** |   |
|---------------------------------------------------|--------|
| /s/                  Gerald E. Lewis              |   |
| Gerald                  E. Lewis                  |   |
| Chief                  Executive Officer          |   |
|                                              |   |
| /s/                  Jane W. Timmons              |   |
| Jane                  W. Timmons                  |   |
| Chief                  Financial Officer          |   |
|                                              |   |
| Date:                  November 14, 2005          |   |

----