<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549
                                _______________
                                  FORM 10-KSB
(Mark One):

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 For the fiscal year ended December 31, 2000.
                                _______________

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 For the transition period from _______ to _______.

Commission File No.  0-25846     CCF HOLDING COMPANY
                            -------------------------------------------------
                 (Name of Small Business Issuer in Its Charter)
<TABLE>
<S>                                                   <C>
Georgia                                                           58-2173616
-------                                                           ----------
(State or Other Jurisdiction of Incorporation or      (I.R.S.  Employer Identification No.)
Organization)

101 North Main Street, Jonesboro, Georgia               30236
-----------------------------------------               -----
(Address of Principal Executive Offices)              (Zip Code)

Issuer's Telephone Number, Including Area Code:       (770) 478-8881
                                                      --------------
Securities registered pursuant to Section 12(b) of        None
 the Act:                                                 ----

Securities registered pursuant to Section 12(g) of
 the Act:
</TABLE>
                    Common Stock, par value $0.10 per share
                    ---------------------------------------
                               (Title of Class)

     Check whether the issuer: (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 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 __ .
    -

     Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B contained in this form and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB.  [X]

     State issuer's revenues for its most recent fiscal year.  $19.3 million.

     As of March 12, 2001 there were issued and outstanding 979,947 shares of
the registrant's common stock.

     The registrant's voting stock trades on the SmallCap market of The Nasdaq
Stock Market under the symbol "CCFH." The aggregate market value of the voting
stock held by non-affiliates of the registrant, based on the average bid and
asked price of the registrant's common stock on March 26, 2001, was $11.9
million.

Transition Small Business Disclosure Format (check one)
YES __ NO X.
          -

                                       1
<PAGE>

                      DOCUMENTS INCORPORATED BY REFERENCE

     1.  Portions of the Annual Report to Stockholders for the fiscal year ended
December 31, 2000.      (Part II)

     2.  Portions of the Proxy Statement for the Annual Meeting of Stockholders.
(Part III)

            Cautionary Notice Regarding Forward-Looking Statements

     CCF Holding Company (the "Company") may from time to time make written or
oral "forward-looking statements", including statements contained in the
Company's filings with the Securities and Exchange Commission (including this
annual report on Form 10-KSB and the exhibits thereto), in its reports to
stockholders and in other communications by the Company, which are made in good
faith by the Company pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995.

     These forward-looking statements involve risks and uncertainties, such as
statements of the Company's plans, objectives, expectations, estimates and
intentions, that are subject to change based on various important factors, some
of which are beyond the Company's control.  The following factors, among others,
could cause the Company's financial performance to differ materially from the
plans, objectives, expectations, estimates and intentions expressed in such
forward-looking statements: the strength of the United States economy in general
and the strength of the local economies in which the Company conducts
operations; the effects of, and changes in, trade, monetary and fiscal policies
and laws, including interest rate policies of the Board of Governors of the
Federal Reserve System, inflation, interest rate, market and monetary
fluctuations; the timely development of and acceptance of new products and
services of the Company and the perceived overall value of these products and
services by users, including the features, pricing and quality compared to
competitors' products and services; the willingness of users to substitute
competitors' products and services for the Company's products and services; the
success of the Company in gaining regulatory approval of its products and
services, when required; the impact of changes in financial services' laws and
regulations, including laws concerning taxes, banking, securities and insurance;
technological changes and acquisitions; changes in consumer spending and saving
habits; and the success of the Company at managing the risks involved in the
foregoing.

     The Company cautions that the foregoing list of important factors is not
exclusive.  The Company does not undertake to update any forward-looking
statement, whether written or oral, that may be made from time to time by or on
behalf of the Company.

                                       2
<PAGE>

PART I

Item 1.  Description of Business
--------------------------------

General

     CCF Holding Company, a Georgia corporation (the Company), was organized in
March 1995 at the direction of Clayton County Federal Savings and Loan
Association (the "Bank") in connection with the Bank's conversion from a mutual
to stock form of organization (the "Conversion").  In July 1995, the Bank
completed its conversion and became a wholly owned subsidiary of the Company.
In February 1997, the Bank changed its name to Heritage Bank.

     The Company is a bank holding company and the Bank is a commercial bank
chartered by the State of Georgia.  Prior to September 1998, the Company was a
savings and loan holding company and the Bank was a federally chartered savings
bank.  The Company has not engaged in any significant business to date other
than the ownership of the Bank.  As such, references herein to the Bank include
the Company unless the context otherwise indicates.

     The Bank, through its predecessors, commenced business in 1955.  Prior to
1997, the Bank operated as a traditional savings and loan, attracting deposit
accounts from the general public and using these deposits, together with other
funds, primarily to originate and invest in long-term conventional loans secured
by single-family residential real estate.  Since the early part of 1997, the
Bank began to offer more of the products and services of a commercial bank in
order to compete on a broader scale in the highly competitive financial services
industry.  During the fiscal year ended December 31, 2000, the Bank continued to
expand the size of its commercial (primarily real estate mortgages),
construction (primarily residential), and consumer (primarily indirect) lending
portfolios as well as the amount of the deposits it holds.

Market Area

     The Bank operates five offices within its primary market area in Clayton,
Fayette and Henry Counties, Georgia.  This market area is part of the Atlanta,
Georgia metropolitan statistical area and home to a portion of Atlanta's
Hartsfield International Airport.  To a much lesser extent, the Bank also makes
loans in adjacent Georgia counties.  The Bank's market area is a growing
suburban residential community with related growth in retail, and commercial
development.

Competition

     The Bank competes for deposits with financial institutions located in
metropolitan Atlanta, super-regional banks, and several relatively new local
financial institutions.  Loan competition comes from the same sources and from
mortgage companies and other lenders.

     Many of the Bank's competitors possess greater financial and marketing
resources.  The Bank competes for deposit accounts by offering depositors
competitive interest rates and a high level of personal service.  The Bank
competes for loans primarily through the interest rates and loan fees it charges
and the efficiency and quality of services it provides borrowers.

                                       3
<PAGE>

Lending Activities

     General.  The principal lending activity of the Bank has been the
origination for its portfolio of adjustable-rate and fixed-rate loans secured by
various forms of collateral.  The following table sets forth information
concerning the composition of the Bank's loan portfolio in dollar amounts and in
percentages of the loan portfolio as of the dates indicated.
<TABLE>
<CAPTION>
                                                                             At December 31,
                                           ---------------------------------------------------------------------------------
                                                           2000                                     1999
                                           ---------------------------------------------------------------------------------
                                                   Amount              Percent             Amount              Percent
                                           ------------------   -----------------   -----------------   --------------------
                                                                         (Dollars in Thousands)
<S>                                        <C>                  <C>                 <C>                 <C>
Loan Category
Residential (1-4 family) mortgage........         $ 28,027               16.10%           $ 31,927                21.52%
Commercial, primarily real estate
    mortgage.............................           80,378               46.18%             61,366                41.37%
Real estate construction.................           35,049               20.14%             30,105                20.30%
Consumer and other installment...........           30,591               17.58%             24,939                16.81%
                                                  --------              ------            --------               ------
Total loans receivable...................         $174,045              100.00%           $148,337               100.00%
                                                  ========              ======            ========               ======
Less:
    Unamortized loan fees and costs, net.         $   (520)                               $   (547)
    Allowance for loan losses............           (1,708)                                 (1,237)
                                                  --------                                --------

Total loans, net.........................         $171,817                                $146,553
                                                  ========                                ========
</TABLE>


     Loan Maturity Table.  The following table sets forth the maturity of the
Bank's loan portfolio at December 31, 2000.  The table does not include
prepayments.  Prepayments and scheduled principal repayments on loans totaled
$169 million and $113 million for the years ended December 31, 2000 and December
31, 1999, respectively.  Adjustable-rate mortgage loans ("ARMs") are shown as
maturing based on repricing dates.

<TABLE>
<CAPTION>
                                                           December 31, 2000
                                           ------------------------------------------------------
                                                          Within One to     After Five
                                           One Year        Five Years         Years       Total
                                           --------       ------------      ----------   --------
<S>                                        <C>            <C>               <C>          <C>
                                                        (Dollars in Thousands)
Residential (1-4 family) mortgage........   $   367           $ 2,542           $25,118  $ 28,027
Commercial, primarily real estate........    21,744            42,520            16,114    80,378
Real estate construction.................    29,747             5,072               230    35,049
Consumer and other installment...........     2,796             5,538            22,257    30,591
                                            -------           -------           -------  --------
Total....................................   $54,654           $55,672           $63,719  $174,045
                                            =======           =======           =======  ========
</TABLE>


                                       4
<PAGE>

     The following tables set forth the dollar amount of all loans due after
December 31, 2000, which have fixed interest rates and which have floating or
adjustable interest rates.

<TABLE>
<CAPTION>
                                           Fixed Rate       Adjustable Rate
                                        Amount   Percent   Amount   Percent    Total
                                        -------  --------  -------  --------  --------
<S>                                     <C>      <C>       <C>      <C>       <C>
Residential (1-4 family) mortgage.....  $13,386     7.69%  $14,641     8.41%  $ 28,027
Commercial, primarily real estate
  mortgage............................   34,383    19.75%   45,995    26.43%    80,378
Real estate construction..............    2,788     1.60%   32,261    18.54%    35,049
Consumer and other installment........   29,377    16.88%    1,214      .70%    30,591
                                        -------    -----   -------    -----   --------
Total.................................  $79,934    45.92%  $94,111    54.08%  $174,045
                                        =======    =====   =======    =====   ========
</TABLE>

     One- to Four-Family Residential Mortgage Loans.  The Bank's residential
real estate lending activity consists of the origination of one- to four-family,
owner-occupied, residential mortgage loans secured by property located in the
Bank's primary market area.  The Bank originates both adjustable-rate and fixed-
rate residential, mortgage loans.  The Bank primarily sells its new residential
mortgage loans to Fannie Mae, the Federal National Mortgage Association at the
time of closing.  The Bank also from time to time sells older residential
mortgage loans in its loan portfolio in the secondary market.  The residential
mortgage loans reflected on the balance sheet are seasoned loans.

     Construction Lending.  The Bank engages in construction lending involving
loans to qualified borrowers for construction of one- to four-family residential
properties and, on a limited basis, for commercial properties.  Almost all of
the Bank's construction loan properties are located in the Bank's market area
and nearby counties.

     The Bank makes construction loans to builders on a speculative and pre-sale
basis.  The Bank makes loans for speculative housing construction to area
builders after a background check has been made.  Construction loans on one-to
four family properties are limited to a maximum loan-to-value ratio of 80% on
presales and 75% on speculative (unsold properties) and have a maximum maturity
of 12 months after which the loan can be renewed for up to an additional 12
months. Construction loans on nonresidential properties are generally limited to
a maximum loan-to-value ratio of 75% and also have a maximum maturity of 12
months after which the loan can be converted to a permanent mortgage loan.

     Construction loan proceeds are disbursed in increments as construction
progresses and only after a Bank representative makes a physical inspection of
the project. At December 31, 2000, the Bank had $27 million in construction
loans outstanding secured by unsold properties.

     The Bank also from time to time will make construction loans to
owner/borrowers that have either fixed or adjustable rates and are underwritten
in accordance with the same terms and requirements as the Bank's permanent
mortgages on existing properties, except that the builder must qualify as an
approved contractor by the Bank, and the loans  provide for disbursement of loan
proceeds in stages during the construction period.  An approved contractor is
one who has been approved by the Bank and whose credit, financial statements,
and experience have been approved by the Bank.  Borrowers are typically required
to pay accrued interest on the outstanding balance monthly during the
construction phase.  At December 31, 2000, there was $800,000 outstanding in
construction loans to owner/borrowers.  The Bank originated $108.3 million and
$86.3 million in construction loans on one- to four-family properties during the
fiscal years ended December 31, 2000 and December 31, 1999, respectively.

     Commercial Loans.  The Bank's commercial loans represent a growing portion
of its lending activities.  At December 31, 2000, outstanding commercial loans
amounted to $80 million.  At December 31, 2000, the largest commercial loan had
a balance of $2.7 million (although the Bank's portion was reduced to $1.6
million because of the participation in loan funding by other lenders) and was
secured by a church building and property.

     Most of the Bank's commercial lending activities are in loans secured by
commercial properties.  Such loans consist primarily of permanent loans secured
by small office buildings, apartment buildings, churches, shopping centers and
convenience stores.  Commercial real estate secured loans are generally
originated in amounts up to 75% of the appraised value of the property.  Such
appraised value is determined by an independent appraiser who has been
previously  approved  by the Bank's Board of Directors.  Commercial real estate
loans are generally originated on an adjustable-rate basis with the interest
rate adjusting annually and have terms of up to 20 years.

                                       5
<PAGE>

     Consumer and Other Installment Loans.  Consumer loans consist of savings
account loans, personal secured and unsecured loans,  automobile loans,
watercraft loans, recreational vehicle loans, and home improvement loans.
Substantially all of the Bank's consumer loans have fixed rates of interest.

     Loan Underwriting Risks.  Construction financing is generally considered to
involve a higher degree of risk of loss than long-term financing on improved,
occupied real estate.  Risk of loss on a construction loan is dependent largely
upon the accuracy of the initial estimate of the property's value at completion
of construction or development and the estimated cost (including interest) of
construction.  During the construction phase, a number of factors could result
in delays and cost overruns.  If the estimate of construction cost proves to be
inaccurate, it may be necessary for the Bank to advance funds beyond the amount
originally committed to permit completion of the construction.  If the estimate
of value proves to be inaccurate, the Bank may be confronted, at or prior to the
maturity of the loan, with collateral having a value which is insufficient to
assure full repayment.  As a result, construction lending often involves the
disbursement of substantial funds with repayment dependent, in part, on the
success of the project.  If the Bank is forced to foreclose on a property prior
to or at completion due to a default, there can be no assurance that the Bank
will be able to recover all of the unpaid balance of, and accrued interest on,
the loan as well as related foreclosure and holding costs.  The Bank has sought
to lessen this risk by limiting construction lending to qualified borrowers in
the Bank's market area and by limiting the number of construction loans
outstanding at any time.

     Loans secured by commercial real estate generally involve a greater degree
of risk than one- to four-family mortgage loans and carry larger loan balances.
This increased credit risk is a result of several factors, including the
concentration of principal in a limited number of loans and borrowers, the
effects of general economic conditions on income producing properties, and the
increased difficulty of evaluating and monitoring these types of loans.
Furthermore, the repayment of loans secured by commercial real estate is
typically dependent upon the successful operation or management of the related
project or company.  If the cash flow from the project or company is reduced,
the borrower's ability to repay the loan may be impaired.  The Bank seeks to
reduce these risks in a variety of ways, including limiting the size of such
loans, analyzing the financial condition of the borrower, accurately assessing
the quality of the collateral and assessing the quality of  the management of
the property securing the loan.  The Bank also obtains personal guarantees and
appraisals on each property.

     Consumer loans entail greater credit risk than do residential mortgage
loans, particularly in the case of consumer loans that are unsecured or secured
by assets that depreciate rapidly.  In such cases, repossessed collateral for a
defaulted consumer loan may not provide an adequate source of repayment for the
outstanding loan and the remaining deficiency often does not warrant further
substantial collection efforts against the borrower.  In particular, amounts
realizable on the sale of repossessed automobiles may be significantly reduced
based upon the condition of the collateral and the lack of demand for used
automobiles.

     The retention of ARMs in the Bank's portfolio helps to reduce the Bank's
exposure to changes in interest rates.  However, there are unquantifiable credit
risks that could result from potential increased payments to the borrower as a
result of the repricing of ARMs.  It is possible that during periods of rapidly
rising interest rates, the risk of default on ARMs may increase due to the
upward adjustment of interest cost to the borrower.  In addition, although ARMs
allow the Bank to increase the sensitivity of its asset base to changes in the
interest rates, the extent of this interest rate sensitivity is limited by the
periodic and lifetime interest rate adjustment limits.  Because of these
considerations, the Bank has no assurance that yields on ARM loans will be
sufficient to offset increases in the Bank's cost of funds.

     Loan Purchases and Sales.  Generally, if the Bank determines that loan
sales are desirable for interest rate risk management or other purposes, the
Bank may sell its 15 to 30 year conventional loans.  The Bank uses standard
Federal Home Loan Mortgage Corporation ("FHLMC") and Federal National Mortgage
Association ("FNMA") documentation for its conventional loans.  The Bank sells
loans directly to FNMA.  Loans are generally sold with servicing retained and
without recourse.

                                       6
<PAGE>

     The table below indicates the Bank's origination and sales of loans during
the periods indicated.

<TABLE>
<CAPTION>
                                                                            Year Ended December 31,
                                                                      -----------------------------------
                                                                         2000                      1999
                                                                       --------                  --------
                                                                                (In Thousands)
<S>                                                                   <C>                       <C>
Total gross loans receivable at beginning of period............        $148,337                  $123,357
                                                                       --------                  --------
Loans originated:
  Residential (1-4 family) mortgage............................           4,059                     6,033
  Commercial, primarily real estate mortgage...................          75,193                    34,323
  Real estate construction.....................................         108,365                    86,259
  Consumer and other installment...............................          15,491                    20,038
                                                                       --------                  --------
Total loans originated.........................................         203,108                   146,654
                                                                       --------                  --------
Loans sold:
  Residential (1-4 family).....................................           9,186                     8,599
Loans purchased................................................             800                         -
Other loan activity:
  Loan principal repayments....................................         169,014                   113,075
                                                                       --------                  --------
Total gross loans receivable at end of period..................         174,045                   148,337
                                                                       ========                  ========
</TABLE>

     Loan Delinquencies.  Loans past due more than 90 days are placed on
nonaccrual and are individually examined for potential losses and the ultimate
collectibility of funds due.  Loans are deemed to have no loss exposure if the
value of the property securing the loan exceeds the receivable balance on the
loan or collection is probable.  Specific reserves are established to recognize
losses on nonaccruing loans on a case-by-case basis.

     Nonperforming Loans.  The following table sets forth the aggregate amount
of restructured loans and loans that were contractually past due more than 90
days as to principal or interest payments as of the dates indicated and which
are considered impaired loans.

<TABLE>
<CAPTION>
                                                                           At December 31,
                                                                           ---------------
                                                                            2000     1999
                                                                           -----    -----
<S>                                                                        <C>      <C>
Nonperforming loans:
  Restructured.........................................................    $  --    $  --
  Nonaccrual (more than 90 days past due)..............................       93      293
                                                                           -----    -----
     Total nonperforming loans.........................................    $  93    $ 293
                                                                           =====    =====
Ratio of nonperforming loans as a percentage of total loans, net.......      .05%     .19%
Ratio of nonperforming loans as a percentage of total assets...........      .04%     .15%
</TABLE>

     During the years ended December 31, 2000 and December 31, 1999, gross
interest income of $3,868 and $5,997, respectively, would have been recorded on
nonperforming loans, under their original terms, if the loans had been current
throughout those periods.  Interest income recognized on nonperforming loans
during the years ended December 31, 2000 and December 31, 1999, was
approximately $20,080 and $40,041, respectively.

                                       7
<PAGE>

Analysis of the Allowance for Loan Losses.  The following table sets forth the
analysis of the allowance for loan losses for the periods indicated.

<TABLE>
<CAPTION>
                                                                            At December 31,
                                                                         -------------------
                                                                            2000      1999
                                                                         --------   --------
                                                                           (In Thousands)
<S>                                                                      <C>        <C>
Total average loans outstanding........................................  $162,248   $133,021
                                                                         ========   ========
Allowance balance (at beginning of period).............................  $  1,237   $    943
Provisions for loan losses                                                    570        341
Charge-offs:
      Real Estate......................................................        --         --
      Commercial.......................................................        12         --
      Consumer.........................................................       141         71
Recoveries:
      Real Estate......................................................        --         --
      Commercial.......................................................        12         --
      Consumer.........................................................        42         24

Allowance balance (at end of period)...................................  $  1,708   $  1,237
                                                                         ========   ========
Allowance for loan losses as a percent of net loans receivable at
    end of period......................................................       .98%       .84%

Net loans charged off as a percent of average loans outstanding........       .09%       .05%
Ratio of allowance for loan losses to total loans delinquent 90
    days or more at end of period......................................      1837%       422%

Ratio of allowance for loan losses to total loans delinquent 90
    days or more and other nonperforming assets at end of period.......       621%       312%
</TABLE>

     The allowance is an amount that management has determined to be adequate,
through its allowance for loan losses methodology, to absorb losses inherent in
existing loans and commitments to extend credit.  The allowance is determined
through consideration of such factors as changes in the nature and volume of the
portfolio,  overall portfolio quality, delinquency trends, adequacy of
collateral, loan concentrations, specific problem loans, and economic conditions
that may affect the borrowers' ability to pay.

     Real Estate Owned.  Real estate acquired by the Bank as a result of
foreclosure, judgment, or deed in lieu of foreclosure is classified as real
estate owned until it is sold.  When property is so acquired it is recorded at
the lower of the cost or fair value.  The Bank had no real estate owned at
December 31, 2000.

Investment Activities

     The Bank invests in specified short term securities, mortgage backed
securities, certain other investments and the common stock of the Federal Home
Loan Bank of Atlanta.  The Bank's mortgage backed securities portfolio consists
of participation certificates issued by FHLMC and FNMA and secured by interests
in pools of conventional mortgages originated by other financial institutions.
The Bank's equity investment in the Federal Home Loan Bank of Atlanta is a
requirement of membership and allows the Bank to borrow at favorable overnight
and long-term rates. During the years ended December 31, 2000 and 1999 the
Company sold $3.9 million and $621,000 respectively, of available for sale
investment securities.

                                       8
<PAGE>

The table sets forth certain information relating to the Company's investment
securities portfolio at the dates indicated.  All of the Company's securities
are classified as available for sale.

<TABLE>
<CAPTION>
                                                                             At December 31
                                                ----------------------------------------------------------------------------
                                                                2000                                  1999
                                                ----------------------------------------------------------------------------
                                                     Amortized             Fair            Amortized             Fair
                                                        Cost              Value               Cost              Value
                                                ------------------  ----------------  ------------------  ----------------
                                                                               (In Thousands)
<S>                                              <C>                <C>               <C>                 <C>
Securities available for sale:
  U.S.  Treasury and U.S.  Government
     agency obligations...................             $33,389           $33,365             $28,374           $27,599
  Municipal securities....................               2,858             2,897                 787               779
                                                       -------           -------             -------           -------
  Total...................................              36,247            36,262              29,161            28,378
                                                       -------           -------             -------           -------

Mortgage-backed securities:
  FHLMC...................................
  FNMA....................................                 103               106                 125               125
  GNMA....................................
  Total...................................                 103               106                 125               125
                                                       -------           -------             -------           -------
  Total investment and mortgage-
     backed securities portfolio..........             $36,350           $36,368             $29,286           $28,503
                                                       =======           =======             =======           =======
</TABLE>

                                       9
<PAGE>

     Investment and Mortgage-backed Securities Portfolio Maturities. The
following table sets forth certain information regarding the amortized cost,
weighted average yields, and maturities of the Company's investment and
mortgage-backed securities portfolio at December 31, 2000. Expected maturities
may differ from contractual maturities because borrowers may have the right to
call or prepay obligations with or without call or prepayment penalties.


<TABLE>
<CAPTION>
                                                                   As of December 31, 2000
                                           -----------------------------------------------------------------
                                             One Year or Less        One to Five Years     Five to Ten Years
                                           --------------------    --------------------   ------------------
                                            Weighted               Weighted                 Weighted
                                           Amortized    Average    Amortized    Average    Amortized  Average
                                              Cost       Yield       Cost        Yield       Cost      Yield
                                           ---------    ------     --------     ------     --------   ------
<S>                                        <C>          <C>        <C>          <C>        <C>        <C>
Securities available for sale:
U.S. Treasury and U.S. Government
  agency obligations.....................  $9,451       5.80%       $20,994      6.01%    $2,945     7.39%
Mortgage backed-securities...............      --         --            103      8.41%        --       --
Municipal securities (1).................      --         --            459      4.92%     1,186     4.96%
                                           ------                   -------               ------
Total investment and mortgage-backed
  securities portfolio...................  $9,451       5.80%       $21,556      6.00%    $4,131     6.71%
                                           ======                   =======               ======
</TABLE>

<TABLE>
<CAPTION>


                                                         As of December 31, 2000
                                          ----------------------------------------------------------
                                             More than Ten Years                Total
                                          -----------------------    -------------------------------
                                           Weighted                   Weighted
                                           Amortized      Average    Amortized    Average     Fair
                                              Cost        Yield        Cost        Yield     Value
                                          ------------    -------    ---------    ------    -------
<S>                                       <C>             <C>        <C>          <C>       <C>
Securities available for sale:
U.S. Treasury and U.S. Government
  agency obligations.....................       --          --       $33,390      6.07%     $33,365

Mortgage backed-securities...............       --          --           103      8.41%         106
Municipal securities (1).................    1,212        5.30%        2,857      5.10%       2,897
                                            ------                   -------                -------
Total investment and mortgage-backed
  securities portfolio...................   $1,212        5.30%      $36,350      6.21%     $36,368
                                            ======                   =======                =======
</TABLE>

(1)  The weighted average yield for municipal securities has not been computed
     on a tax equivalent basis.

                                       10
<PAGE>

Source of Funds

     General.  The major sources of the Bank's funds for lending and other
investment purposes are deposits, scheduled principal repayments, and prepayment
of loans and mortgage-backed securities, maturities of investment securities,
and operations.  Scheduled loan principal repayments are a relatively stable
source of funds, while deposit inflows and outflows and loan prepayments are
significantly influenced by general interest rates and market conditions.  The
Bank also has access to advances from the FHLB of Atlanta and correspondent
banks.

     Deposits.  Customer deposits are attracted principally from within the
Bank's primary market area through the offering of a broad selection of deposit
instruments including demand deposit accounts, checking accounts, savings, money
market deposit, term certificate accounts, and individual retirement accounts
("IRAs").  Deposit account terms vary according to the minimum balance required,
the time period the funds must remain on deposit and the interest rate.  All
deposit accounts are insured by the Federal Deposit Insurance Corporation
("FDIC") up to the maximum amount permitted by law.

     The following table indicates the amount of the Bank's time deposits of
$100,000 or more by time remaining until maturity at December 31, 2000.



              Maturity            (In Thousands)       Amount
              --------                                 ------
              3 months or less                         $ 5,148
              3-6 months                                 6,248
              6-12 months                               11,433
              Over 12 months                             4,290
                                                       -------
                                                       $27,119
                                                       =======

     Borrowings.  Deposits are the primary source of funds of the Bank's lending
and investment activities and for its general business purposes.  The Bank may
obtain advances from the FHLB of Atlanta to supplement its supply of lendable
funds.  Advances from the FHLB of Atlanta may be secured by a pledge of the
Bank's stock in the FHLB of Atlanta and a portion of the Bank's first mortgage
loans and certain other assets.  At December 31, 2000, the Bank had no
outstanding FHLB advances.  The Company has as an additional source of cash a
line of credit outstanding with its Correspondent, Columbus Bank & Trust.  As
these funds are drawn, they are infused to the Bank as capital.  At December 31,
2000, the Company had $2.5 million drawn on this line of credit.

Subsidiary Activity

     The Company has one wholly owned subsidiary, the Bank, which is chartered
under the laws of the State of Georgia.  The Bank has one wholly owned
subsidiary, CCF Financial Services, Inc.  CCF Financial Services, Inc., a
Georgia corporation, was formed in 1996 and has remained inactive since that
time.

Personnel

     As of December 31, 2000, the Bank had 80 full-time and 14 part-time
employees.  The Company does not have any employees other than officers.  The
Bank's employees are not represented by a collective bargaining group.

Supervision and Regulation

     Set forth below is a brief description of certain laws which relate to the
regulation of the Company and the Bank.  The description does not purport to be
complete and is qualified in its entirety by reference to applicable laws and
regulations.

     General.  The Company is a bank holding company registered with the Board
of Governors of the Federal Reserve System (the "Federal Reserve") under the
Bank Holding Company Act of 1956, as amended (the "BHC Act") and with the
Georgia Department of Banking and Finance (the "GDBF") under the Georgia Bank
Holding Company Act (the

                                       11
<PAGE>

"Georgia BHC Act"). As such, the Company is subject to the supervision,
examination, and reporting requirements of the BHC Act and the Georgia BHC Act,
in addition to the regulations of the Federal Reserve and the GDBF.

     The BHC Act requires every bank holding company to obtain the prior
approval of the Federal Reserve before:

 .    it may acquire direct or indirect ownership or control of any voting shares
     of any bank if, after such acquisition, the bank holding company will
     directly or indirectly own or control more than 5% of the voting shares of
     the bank;

 .    it or any of its subsidiaries, other than a bank, may acquire all or
     substantially all of the assets of any bank; or

 .    it may merge or consolidate with any other bank holding company.

     The BHC Act further provides that the Federal Reserve may not approve any
transaction that would result in a monopoly, or the effect of which may be
substantially to lessen competition in any section of the country, or that in
any other manner would be in restraint of trade, unless the anticompetitive
effects of the proposed transaction are clearly outweighed by the public
interest in meeting the convenience and needs of the community to be served.
The Federal Reserve is also required to consider the financial and managerial
resources and future prospects of the bank holding companies and banks concerned
and the convenience and needs of the community to be served.

     Permitted Activities.  Until recently, the BHC Act generally prohibited the
Company from engaging in activities other than banking or managing or
controlling banks or other permissible subsidiaries and from acquiring or
retaining direct or indirect control of any company engaged in any activities
other than those activities determined by the Federal Reserve to be so closely
related to banking or managing or controlling banks as to be a proper incident
thereto.  In determining whether a particular activity is permissible,  the
Federal Reserve considered whether the performance of such an activity
reasonably could be expected to produce benefits to the public that outweigh
possible adverse effects.

     The Federal Reserve has determined that the following are among the
activities permissible for bank holding companies:

 .    factoring accounts receivable

 .    acquiring or servicing loans

 .    leasing personal property, conducting discount securities brokerage
     activities

 .    performing certain data processing services

 .    acting as agent or broker in selling credit life insurance and certain
     other types of insurance in connection with credit transactions, and

 .    performing certain insurance underwriting activities

     Despite prior approval, the Federal Reserve has the power to order a
holding company or its subsidiaries to terminate any activity or to terminate
its ownership or control of any subsidiary when it has reasonable cause to
believe that continuation of such activity or such ownership or control
constitutes a serious risk to the financial safety, soundness, or stability of
any bank subsidiary of that bank holding company.

     New Legislation.  Changes to federal law that took effect in March 2000,
and new regulations to implement these changes, allow qualifying bank holding
companies to become financial holding companies that may affiliate with
securities firms and insurance companies and engage in other activities that are
financial in nature.  Activities that are financial in nature include:

 .    securities underwriting

 .    dealing and market making

 .    sponsoring mutual funds and investment companies

 .    insurance underwriting and agency; merchant banking activities and

 .    activities that the Federal Reserve determines to be closely related to
     banking.

     For the Company to qualify to become a financial holding company, its
depository institution subsidiaries must be well capitalized and well managed
and must have a Community Reinvestment Act rating of at least "satisfactory."
In addition, the Company must file an election with the Federal Reserve to
become a financial holding company and give the Federal Reserve 30 days written
notice prior to engaging in a permitted financial activity.  Although the
Company does not

                                       12
<PAGE>

have any immediate plans to file such an election, our holding company structure
gives us the flexibility to make such an election if deemed appropriate in the
future.

     The federal law that took effect in March 2000 also contains provisions
that directly impact the following activities and operations of the Bank:

     .  Any insurance activities,

     .  The activities of and qualifications for any Bank financial
        subsidiaries; and

     .  Its privacy policies and practices concerning disclosure of consumer
        information.

     Other Banking Regulators.  The FDIC and the GDBF regularly examine the
operations of the Bank and have the authority to approve or disapprove  mergers,
consolidations,  the establishment of branches, and similar corporate actions.
The FDIC and the GDBF also have the power to prevent the continuance or
development of unsafe or unsound banking practices or other violations of law.

     Payment of Dividends.  The Company is a legal entity separate and distinct
from the Bank.  The principal sources of cash flow of the Company, including
cash flow to pay dividends to its shareholders, are dividends by the Bank.
There are federal and state statutory and regulatory limitations on the payment
of dividends by the Bank to the Company as well as by the Company to its
shareholders.

     The payment of dividends by the Company and the Bank may also be affected
or limited by other factors, such as the requirement to comply with capital
adequacy standards set by the regulators and the requirement that the Bank
maintain capital at least equal to a liquidation account created at the time a
predecessor to the Bank converted from mutual to stock form.

     At December 31, 2000, the Bank, without obtaining regulatory approval,
could declare aggregate dividends to the Company of approximately $750,000.

     Capital Adequacy.  The Company and the Bank must comply with substantially
identical capital adequacy standards established by the Federal Reserve for the
Company and the FDIC for the Bank.  There are two basic measures of capital
adequacy: a risk-based measure and a leverage measure.

     The risk-based capital standards are designed to make regulatory capital
requirements more sensitive to differences in risk profile among banks and bank
holding companies, to account for off-balance-sheet exposure, and to minimize
disincentives for holding liquid assets.  Assets and off-balance-sheet items are
assigned to broad risk categories, each with appropriate weights.  The resulting
capital ratios represent capital as a percentage of total risk-weighted assets
and off-balance-sheet items.

     The minimum guideline for the ratio (the "Total Risk-Based Capital Ratio")
of total capital ("Total Capital") to risk-weighted assets is 8%.  At least half
of total capital must consist of common stock, minority interests in the equity
accounts of consolidated subsidiaries, noncumulative perpetual preferred stock,
and a limited amount of cumulative perpetual preferred stock, less goodwill and
certain other intangible assets ("Tier 1 Capital").  The remainder may consist
of subordinated debt, other preferred stock, and a limited amount of loan loss
reserves ("Tier 2 Capital").  At December 31, 2000, the Company's consolidated
total risk-based capital ratio and its tier 1 risk-based capital ratio (i.e.,
the ratio of Tier 1 Capital to risk-weighted assets) were 8.4% and 7.5%,
respectively.  See Note 14 to the Notes to Consolidated Financial Statements of
the Company included in Exhibit 13 to this report for additional information.

     In addition, the Federal Reserve and the FDIC have adopted substantially
identical regulations that supplement the risk-based guidelines to include a
minimum leverage ratio of 3% of Tier 1 capital to total assets less goodwill
(the "Leverage Ratio").  Depending on the risk profile of the institution and
other factors, the regulatory agencies may require a Leverage Ratio 1% to 2%
higher than the minimum 3% level.  The guidelines also provide that bank holding
companies experiencing internal growth or making acquisitions will be expected
to maintain capital positions substantially above the minimum supervisory levels
without significant reliance on intangible assets.  Furthermore, the Federal
Reserve has indicated that it will consider a "tangible Tier 1 Capital Leverage
Ratio" (deducting all intangibles) and other indicia of capital strength in
evaluating proposals for expansion or new activities.

                                       13
<PAGE>

     The Company and the Bank were in compliance with applicable minimum capital
requirements as of December 31, 2000.

     Failure to meet capital guidelines could subject a bank to a variety of
enforcement remedies, including issuance of a capital directive, the termination
of deposit insurance by the FDIC, a prohibition on the taking of brokered
deposits, and other restrictions on its business.

     Support of the Bank.  Under Federal Reserve policy, the Company is expected
to act as a source of financial strength for, and to commit resources to
support, the Bank.  This support may be required at times when, absent such
Federal Reserve policy, the Company may not be inclined to provide it.  In
addition, any capital loans by the Company to its Bank are subordinate in right
of payment to deposits and to certain other indebtedness of the Bank.  In the
event of the Company's bankruptcy, any commitment by the Company to a federal
bank regulatory agency to maintain the capital of the Bank will be assumed by
the bankruptcy trustee and entitled to a priority of payment.

     Prompt Corrective Action.  Federal financial institution regulators have
established five capital categories (well capitalized, adequately capitalized,
undercapitalized, significantly undercapitalized, and critically
undercapitalized).  They are required to take certain mandatory supervisory
actions, and are authorized to take other discretionary actions, with respect to
institutions in the three undercapitalized categories.  The severity of any
regulatory action will depend upon the capital category in which the institution
falls.

     The capital levels covered by each capital category are as follows:

<TABLE>
<CAPTION>

Capital Category                      Tier 1 Capital            Total Risk-Based Capital      Tier 1 Risk-Based Capital
----------------                      --------------            ------------------------      -------------------------
<S>                                   <C>                       <C>                           <C>
Well Capitalized                       5% or more                     10% or more                   6% or more
Adequately Capitalized                 4% or more                     8% or more                    4% or more
Significantly
Undercapitalized                       Less than 4%                   Less than 6%                  Less than 3%
Critically Undercapitalized            2% or less tangible equity         --                             --

</TABLE>

     For purposes of the regulation, the term "tangible equity" includes core
capital elements counted as Tier 1 Capital for purposes of the risk-based
capital standards, plus the amount of outstanding cumulative perpetual preferred
stock (including related surplus), minus all intangible assets with certain
exceptions.  A depository institution may be deemed to be in a capitalization
category that is lower than is indicated by its actual capital position if it
receives an unsatisfactory examination rating.

     An institution that is categorized as undercapitalized, significantly
undercapitalized, or critically undercapitalized is required to submit an
acceptable capital restoration plan to its appropriate federal banking agency.
A bank holding company must guarantee that a subsidiary depository institution
meets its capital restoration plan, subject to certain limitations.  The
obligation of a controlling holding company to fund a capital restoration plan
is limited to the lesser of 5% of an undercapitalized subsidiary's assets or the
amount required to meet regulatory capital requirements.  An undercapitalized
institution is also generally prohibited from increasing its average total
assets, making acquisitions, establishing any branches, or engaging in any new
line of business, except in accordance with an accepted capital restoration plan
or with the approval of the FDIC.

     At December 31, 2000, the Bank had the requisite capital levels to qualify
as adequately capitalized.

     FDIC Insurance Assessments.  The deposit accounts held by the Bank are
insured by the FDIC to a maximum of $100,000 for each insured member (as defined
by law and regulation).  The FDIC uses a risk-based assessment system for
insured depository institutions that takes into account the risks attributable
to different categories and concentrations of assets and liabilities.  The
system assigns an institution to one of three capital categories: (a) well
capitalized; (b) adequately capitalized; and (c) undercapitalized.  These three
categories are substantially similar to the prompt corrective action categories
described above, with the "undercapitalized" category including institutions
that are undercapitalized, significantly undercapitalized, and critically
undercapitalized for prompt corrective action purposes.  An institution is also
assigned by the FDIC to one of three supervisory subgroups within each capital
group.  The supervisory subgroup to which an institution is assigned is based on
a supervisory evaluation provided to the FDIC by the institution's primary
federal regulator and information which the FDIC determines to be relevant to
the institution's financial condition

                                       14
<PAGE>

and the risk posed to the deposit insurance funds (which may include, if
applicable, information provided by the institution's state supervisor). An
institution's insurance assessment rate is then determined based on the capital
category and supervisory category to which it is assigned.

     Insurance of deposits may be terminated by the FDIC upon a finding that the
institution has engaged in unsafe and unsound practices, is in an unsafe or
unsound condition to continue operations, or has violated any applicable law,
regulation, rule, order, or condition imposed by the FDIC.

     Based on the Bank's risk classification, the Bank was not required to pay
an assessment for deposit insurance in 2000, nor will it be required to pay a
deposit insurance assessment in 2001.  The Bank was required to pay the Bank
Insurance Fund Financing Corporation ("FICO") assessment in 2000 and will also
pay this assessment in 2001.  During the fourth quarter of 2000, the FICO
assessment rate was $2.02 per $100 of Bank deposits.

     Proposed Legislation and Regulatory Action.  New regulations and statutes
are regularly proposed that contain wide-ranging proposals for altering the
structure, regulations and competitive relationships for the nation's financial
institutions.  It cannot be predicted whether or what form any proposed
regulation or statute will be adopted or the extent to which the business of the
Company may be affected by such regulation or statute.

Item 2.  Description of Property
--------------------------------

     (a) Properties.

     The Company owns no real property but utilizes the offices of the Bank.
The Bank operates from its main office and four branch offices, all of which are
owned by the Bank.

     Main Office.
     -----------

     The Bank's main office is located at 101 North Main Street, Jonesboro,
Georgia 30237.  The building is on a leased land site.  This lease is a 35 year
land lease expiring in 2035.

     The net book values of the building and equipment as of December 31, 2000,
were $460,000 and $631,300 respectively.

     The Bank obtains rental income through the leasing of space in its main
building and a building on the Georgia Highway 155 property in Henry County.
During the fiscal years ended December 31, 2000 and December 31, 1999, such
rental income was $16,000 and $9,500.

     Fayetteville Office.
     -------------------

     The Bank's Fayetteville office is located at 440 North Jeff Davis Drive,
Fayetteville, Georgia, 30214.

During 2001, the Bank expects to build an additional branch office in
Fayetteville, Georgia.  This facility is expected to be open in late summer
2001.  The land value of the second location is $527,000.

     The net book values of the land, building, and equipment at the 440 North
Jeff Davis Drive location as of December 31, 2000, were $266,600, $1,024,200,
and $236,700, respectively.

     Forest Park Office.
     ------------------

     The Bank's Forest Park office is located at 4895 Evans Drive, Forest Park
Georgia, 30298.  In June 2000, the Bank's office at 822 Main Street in Forest
Park was consumed by fire.  The branch personnel moved into an existing facility
on the same site, also occupied by the Bank's Operations Center.

     The net book values of the land, building, and equipment at 4895 Evans
Drive as of December 31, 2000, were $78,600, $139,300, and $274,500,
respectively.

                                       15
<PAGE>

     McDonough Office.
     ----------------

     The Bank's McDonough office is located at 203 Keys Ferry Street, McDonough,
Georgia, 30253.  In addition to this property, the Bank also owns two lots on
Georgia Highway 155 and Georgia Highway 20/81 in Henry County.  The Bank
purchased these properties for future expansion, although the bank has not
determined any dates for possible expansion. The values of these lots are listed
as $277,100 and $386,800 respectively.

     The net book value of the land, building, and equipment at 203 Keys Ferry
Street as of December 31, 2000, were $335,000, $891,400, and $204,900
respectively.

     Morrow Office.
     -------------

     The Bank's Morrow office is located at 2394 Lake Harbin Road, Morrow,
Georgia, 30260.  This office is scheduled for closing on June 30, 2001.

     The net book values of the land, building, and equipment as of December 31,
2000, were $76,500, $198,700 and $61,237, respectively.

     (b)  Investment Policies.

     See "Item 1.  Description of Business" above for a general description of
the Bank's investment policies and any percentage of assets limitations
regarding certain investments established by regulation or the Bank's Board of
Directors.  All of the Bank's investment policies are reviewed and approved by
the Board of Directors of the Bank, and such policies, subject to regulatory
restrictions (if any), can be changed without a vote of stockholders.  The
Bank's investments are primarily acquired to produce income, and to a lesser
extent, possible capital gain.

          (1) Investments in Real Estate or Interests in Real Estate.  See "Item
              1.  Description of Business - Lending Activities," and "Item 2.
              Description of Property.  (a) Properties" above.

          (2) Investments in Real Estate Mortgages.  See "Item 1.  Description
              of Business - Lending Activities."

          (3) Investments in Securities of or Interests in Persons Primarily
              Engaged in Real Estate Activities.  See "Item 1.  Description of
              Business - Lending Activities."

     (c)  Description of Real Estate and Operating Data.

     Not Applicable.

Item 3.  Legal Proceedings
--------------------------

     The Company and the Bank, from time to time, are party to ordinary routine
litigation, which arises in the normal course of business, such as claims to
enforce liens, condemnation proceedings on properties in which the Bank holds
security interests, claims involving the making and servicing of real property
loans, and other issues incident to the business of the Company and the Bank.
In the opinion of management, no material loss is expected from any of such
pending claims or lawsuits.

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

     No matters were submitted to a vote of security holders during the fourth
quarter of the fiscal year ended December 31, 2000.

                                       16
<PAGE>

PART II

Item 5.  Market for Common Equity and Related Stockholder Matters
-----------------------------------------------------------------

     The information contained under the section captioned "Stock Market
Information" in the Company's Annual Report for the fiscal year ended December
31, 2000 (the "Annual Report"), is incorporated herein by reference.  The Annual
Report is filed as Exhibit 13 of this Report.

Item 6.  Management's Discussion and Analysis or Plan of Operation
------------------------------------------------------------------

     The information contained in the section captioned "Management's Discussion
and Analysis of Financial Condition and Results of Operations" in the Annual
Report is incorporated herein by reference.

Item 7.  Financial Statements
-----------------------------

     The Company's consolidated financial statements in the Annual Report are
incorporated herein by reference.  These statements are listed under Item 13 of
this report.

Item 8.  Changes in and Disagreements With Accountants on Accounting and
------------------------------------------------------------------------
Financial Disclosure
--------------------

     None.

PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons;
----------------------------------------------------------------------
Compliance with Section 16(a) of the Exchange Act
-------------------------------------------------

     The information contained under the section captioned "I - Information with
Respect to Nominees for Director, Directors Continuing in Office, and Executive
Officers" in the Company's definitive proxy statement for the Company's 2001
Annual Meeting of Stockholders (the "Proxy Statement") is incorporated herein by
reference.

Item 10.  Executive Compensation
--------------------------------

     The information contained under the section captioned "Director and
Executive Officer Compensation" in the Proxy Statement is incorporated herein by
reference.

Item 11.  Security Ownership of Certain Beneficial Owners and Management
------------------------------------------------------------------------

     (a) Security Ownership of Certain Beneficial Owners

     Information required by this item is incorporated herein by reference to
     the section captioned "Voting Securities and Principal Holders Thereof" in
     the Proxy Statement.

     (b) Security Ownership of Management

     Information required by this item is incorporated herein by reference to
     the section captioned

     "I - Information with Respect to Nominees for Director, Directors
     Continuing in Office, and Executive Officers" in the Proxy Statement.

     (c)  Management of the Company knows of no arrangements, including any
          pledge by any person of securities of the Company, the operation of
          which may at a subsequent date result in a change in control of the
          Registrant.

                                       17
<PAGE>

Item 12.  Certain Relationships and Related Transactions
--------------------------------------------------------

     The information required by this item is incorporated herein by reference
to the section captioned "Certain Relationships and Related Transactions" and
"Voting Securities and Principal Holders Thereof" in the Proxy Statement.

Item 13.  Exhibits, List and Reports on Form 8-K
------------------------------------------------

(a)(1) The following report and statements are included in the financial section
of the Registrant's Annual Report and are incorporated herein by reference:

     1.   Report of Porter Keadle Moore, L.L.P.

     2.   CCF Holding Company and Subsidiary

          (a) Consolidated Balance Sheets at December 31, 2000 and December 31,
              1999
          (b) Consolidated Statements of Earnings for the years ended December
              31, 2000 and December 31, 1999
          (c) Consolidated Statements of Comprehensive Income for the years
              ended December 31, 2000 and December 31, 1999
          (d) Consolidated Statements of Stockholders' Equity for the years
              ended December 31, 2000 and December 31, 1999
          (e) Consolidated Statements of Cash Flows for the years ended
              December 31, 2000 and December 31, 1999
          (f) Notes to Consolidated Financial Statements

(a)(2) All schedules have been omitted because the required information is
either inapplicable or included in the Notes to Consolidated Financial
     Statements.

(a)(3) Exhibits are either filed or attached as part of this Report or
incorporated herein by reference.

     3.1    Articles of Incorporation of CCF Holding Company (1)
     3.2    Bylaws of CCF Holding Company (2)
     10.1   Management Stock Bonus Plan (3)
     10.2   1995 Stock Option Plan (3)
     10.3a  Employment Agreement with David B.  Turner (4)*
     10.3b  Employment Agreement with David B. Turner, as amended.*
     10.4   Employment or Change in Control Agreements with other executive
            officers (4)*
     10.5   Supplemental Retirement Plans and related Split Dollar Insurance
            Plans for executives (5)*
     10.6   Employment Agreement with Leonard A. Moreland*
     10.7   2000 Stock Option Plan (5)*
     10.8   Change of Control Agreement with John Westervelt*
     13     Annual Report to Stockholders for the fiscal year ended December 31,
            2000 (only those portions incorporated by reference in this document
            are deemed filed)
     21     Subsidiaries of the Registrant (4)
     23     Consent of Porter Keadle Moore, LLP
     24     Power of Attorney (see signature page to this Annual Report on Form
            10-KSB)

(b) Reports on Form 8-K.

     None.

(c) Exhibits to this Form 10-KSB are attached or incorporated by reference as
stated above.

                                       18
<PAGE>

_______________
(1) Incorporated by reference to exhibit 3(i) of the Registrant's Quarterly
    Report on Form 10-QSB for the quarterly period ended September 30, 1998
    (File No.  0-25846).
(2) Incorporated by reference to exhibit 3.2 of the Registrant's Annual Report
    on Form 10-KSB for the fiscal year ended December 31, 1997 (File No.  0-
    25846).
(3) Incorporated by reference to the Registrant's proxy statement for the annual
    meeting of stockholders held January 23, 1996 as filed with the Commission
    on December 15, 1995 (File No.  0-25846).
(4) Incorporated by reference to the identically numbered exhibit to the
    Registrant's Annual Report on Form 10-KSB for the fiscal year ended December
    31, 1998 (File No.  0-25846).
(5) Incorporated by reference to the identically numbered exhibit to the
    Registrant's Annual Report on Form 10-KSB for the fiscal year ended December
    31, 1999 (File No.  0-25846).

*   The indicated exhibits are management contracts or compensatory plans or
    arrangements required to be filed or incorporated by reference herein.

                                       19
<PAGE>

                                  SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.


                                       CCF HOLDING COMPANY


                                       By: /s/David B.  Turner
Dated: March 29, 2001                  ---------------------------------------
                                       David B.  Turner
                                       President, Chief Executive Officer, and
                                       Director (Duly Authorized Representative)

                               POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears on
the signature page to this Report constitutes and appoints David B.  Turner and
Leonard A.  Moreland, and each of them, his true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for him and in
his name, place and stead, in any and all capacities, to sign any and all
amendments to this Report, and to file the same, with all exhibits hereto, and
other documents in connection herewith with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents and each of them,
full power and authority to do and perform each and every act and thing
requisite and necessary to be done in and about the premises, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents or any of the, or their or
his substitutes, may lawfully do or cause to be done by virtue hereof.

     Pursuant to the requirement of the Securities Exchange Act of 1934, this
Report has been signed below by the following persons on behalf of the
Registrant and in the capacities indicated on March 29, 2001.

<TABLE>
<CAPTION>

<S>                                                                      <C>
By:  /s/ David B.  Turner                                                 By:  /s/ John B.  Lee, Jr
     ----------------------------------------                                 --------------------------------------
     David B.  Turner                                                         John B.  Lee, Jr.
     President, Chief Executive Officer, and                                  Chairman of the Board
     Director (Principal Executive Officer)

By:  /s/ Edwin S.  Kemp, Jr.                                              By:  /s/ Charles S.  Tucker
     ----------------------------------------                                 --------------------------------------
     Edwin S.  Kemp, Jr.                                                      Charles S.  Tucker
     Director                                                                 Treasurer, Secretary, and Director

By:  /s/ Joe B.  Mundy                                                    By:  /s/ Mary Jo Rogers
     ----------------------------------------                                 --------------------------------------
     Joe B.  Mundy                                                            Mary Jo Rogers
     Director                                                                 Senior Vice President and Chief Financial
                                                                              Officer (Principal Accounting and
                                                                              Financial Officer)

By:  /s/ John T.  Mitchell                                               By:   /s/ Leonard A.  Moreland
     ----------------------------------------                                 --------------------------------------
     John T.  Mitchell                                                        Leonard A.  Moreland
     Director                                                                 Executive Vice President and Director

By:  /s/ Roy V. Hall
     ----------------------------------------
     Director

</TABLE>

                                       20