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**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

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| For                the quarterly period ended |   | Commission                File Number |
|-----------------------------------------------|--------|---------------------------------------|
| SEPTEMBER                30, 2007             |   | 000-21329                             |

**TIB        FINANCIAL CORP.**

| FLORIDA                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                               | 65-0655973                                                   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------|--------------------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                                                                                                                                                                                              |                               | (I.R.S.                Employer Identification No.)          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               |                                                         |
| 599                9th                STREET NORTH, SUITE 101, NAPLES, FLORIDA 34102-5624                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| (Address                of principal executive offices) (Zip Code)                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               |                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | (239)                263-3344      |                                                         |
| (Registrant’s                telephone number, including area code)                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               |                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Not                Applicable      |                                                         |
| (Former                name, former address and former fiscal year, if changed since last                report)                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               |                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               |                                                         |
| Indicate                by check mark whether the registrant (1) has filed all reports required                to                be filed by Section 13 or 15(d) of the Securities Exchange Act of                1934                during the preceding 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.  TYes   £No |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               |                                                         |
| Indicate                by check mark whether the registrant is a large accelerated filer,                an                accelerated filer, or a non-accelerated filer. See definition of                “accelerated filer and large accelerated filer” in Rule 12b-2 of the                Exchange Act (Check one):                                                                                                                                                                                      |
| £                Large                accelerated filer                                                                                                                                                                                                                                                                                                                                                                                                                                                               | T                Accelerated filer | £                Non-accelerated filer                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               |                                                         |
| Indicate                by check mark whether the registrant is a shell company (as defined                in                Rule 12b-2 of the Exchange Act).  £Yes    TNo                                                                                                                                                                                                                                                                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               |                                                         |
| Indicate                the number of shares outstanding of each of the issuer’s classes of common                stock, as of the latest practicable date:                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                               |                                                         |
| Common                Stock, $0.10 Par Value                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                               | 12,838,316                                                   |
| Class                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                               | Outstanding                as of  October 31, 2007 |

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**TIB      FINANCIAL CORP.**

**INDEX**

| **PART                  I.  FINANCIAL                  INFORMATION** | 3                         |
|--------------------------------------------------------------------------------|---------------------------|
|                                                                           | ITEM                  1.  | FINANCIAL                  STATEMENTS | 3 |
|                                                                           | ITEM                  2.  | MANAGEMENT’S                  DISCUSSION AND ANALYSIS OF FINANCIAL                  CONDITION AND RESULTS OF OPERATIONS | 15 |
|                                                                           | ITEM                  3.  | QUANTITATIVE                  AND QUALITATIVE DISCLOSURES ABOUT MARKET                  RISK | 28 |
|                                                                           | ITEM                  4.  | CONTROLS                  AND PROCEDURES | 28 |
|                                                                           |                      |   |   |
| **PART                  II.  OTHER                  INFORMATION**    | 29                        |
|                                                                           | ITEM                  1A. | RISK                  FACTORS | 29 |
|                                                                           | ITEM                  4.  | SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY                  HOLDERS | 29 |
|                                                                           | ITEM                  5.  | OTHER                  INFORMATION | 29 |
|                                                                           | ITEM                  6.  | EXHIBITS | 29 |

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Table              of Contents

**PART      I.  FINANCIAL INFORMATION**

**Item      1.  Financial Statements**

| **TIB                FINANCIAL CORP.****CONSOLIDATED                BALANCE SHEETS***(Dollars                in thousands, except per share amounts)* |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                  |   | **September                30,****2007** |   |   | **December                31,****2006** |   |
|                                                                                                                                                  |   | (Unaudited) |   |   |   |   |
| **Asset**s                                                                                                                                            |   |   |   |   |   |   |
| Cash                and due from banks                                                                                                                |   | $ | 17,240 |   |   | $ | 25,223 |   |
| Federal                funds sold and securities purchased under agreements to                resell                                                  |   |   | 29,439 |   |   |   | 30,329 |   |
| Cash                and cash equivalents                                                                                                              |   |   | 46,679 |   |   |   | 55,552 |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |
| Investment                securities available for sale                                                                                               |   |   | 162,856 |   |   |   | 131,199 |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |
| Loans,                net of deferred loan costs and fees                                                                                             |   |   | 1,105,597 |   |   |   | 1,065,468 |   |
| Less:                Allowance for loan losses                                                                                                        |   |   | 11,613 |   |   |   | 9,581 |   |
| Loans,                net                                                                                                                             |   |   | 1,093,984 |   |   |   | 1,055,887 |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |
| Premises                and equipment, net                                                                                                            |   |   | 37,326 |   |   |   | 34,102 |   |
| Goodwill                                                                                                                                              |   |   | 4,790 |   |   |   | 106 |   |
| Intangible                assets, net                                                                                                                 |   |   | 2,658 |   |   |   | 813 |   |
| Accrued                interest receivable and other assets                                                                                           |   |   | 47,254 |   |   |   | 41,434 |   |
| Total                Assets                                                                                                                           |   | $ | 1,395,547 |   |   | $ | 1,319,093 |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |
| **Liabilities                and Shareholders’ Equity**                                                                                         |   |   |   |   |   |   |   |   |
| **Liabilities**                                                                                                                                       |   |   |   |   |   |   |   |   |
| Deposits:                                                                                                                                             |   |   |   |   |   |   |   |   |
| Noninterest-bearing                demand                                                                                                             |   | $ | 156,461 |   |   | $ | 159,380 |   |
| Interest-bearing                                                                                                                                      |   |   | 862,956 |   |   |   | 870,077 |   |
| Total                deposits                                                                                                                         |   |   | 1,019,417 |   |   |   | 1,029,457 |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |
| Federal                Home Loan Bank (FHLB) advances                                                                                                 |   |   | 150,000 |   |   |   | 125,000 |   |
| Short-term                borrowings                                                                                                                  |   |   | 55,127 |   |   |   | 22,250 |   |
| Long-term                borrowings                                                                                                                   |   |   | 53,000 |   |   |   | 37,000 |   |
| Accrued                interest payable and other liabilities                                                                                         |   |   | 17,352 |   |   |   | 19,524 |   |
| Total                liabilities                                                                                                                      |   |   | 1,294,896 |   |   |   | 1,233,231 |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |
| **Shareholders’                equity**                                                                                                         |   |   |   |   |   |   |   |   |
| Preferred                stock – no par value: 5,000,000 shares authorized, 0 shares                issued                                      |   |   | - |   |   |   | - |   |
| Common                stock - $.10 par value: 40,000,000 shares authorized, 12,832,816                and                11,720,527 shares issued     |   |   | 1,283 |   |   |   | 1,172 |   |
| Additional                paid in capital                                                                                                             |   |   | 55,903 |   |   |   | 40,514 |   |
| Retained                earnings                                                                                                                      |   |   | 46,448 |   |   |   | 44,620 |   |
| Accumulated                other comprehensive loss                                                                                                   |   |   | (2,983 | ) |   |   | (444 | ) |
| Total                shareholders’ equity                                                                                                       |   |   | 100,651 |   |   |   | 85,862 |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |
| Total                Liabilities and Shareholders’ Equity                                                                                       |   | $ | 1,395,547 |   |   | $ | 1,319,093 |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |
| *See                accompanying notes to consolidated financial                statements*                                                           |   |

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Table          of Contents

**TIB      FINANCIAL CORP.**

**CONSOLIDATED      STATEMENTS OF INCOME**

**(Unaudited)**

|                                                                                                 |   | **Three                Months Ended****September                30,** |   |   | **Nine                Months Ended****September                30,** |   |
|------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------|--------|
| *(Dollars                in thousands, except per share amounts)*                                    |   | **2007**                                                              |   |   | **2006**                                                             |   |   | **2007** |   |   | **2006** |   |
| **Interest                and dividend income**                                                      |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |
| Loans,                including fees                                                                 |   | $                                                                     | 21,175 |   |                                                                 | $      | 20,612 |   |   | $ | 63,531 |   |   | $ | 56,953 |   |
| Investment                securities:                                                                |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                                                                              |   |                                                                  | 1,754  |   |                                                                 |   | 1,336 |   |   |   | 4,735 |   |   |   | 3,746 |   |
| Tax-exempt                                                                                           |   |                                                                  | 167    |   |                                                                 |   | 174 |   |   |   | 506 |   |   |   | 517 |   |
| Interest-bearing                deposits in other banks                                              |   |                                                                  | 3      |   |                                                                 |   | 6 |   |   |   | 15 |   |   |   | 17 |   |
| Federal                Home Loan Bank stock                                                          |   |                                                                  | 131    |   |                                                                 |   | 87 |   |   |   | 367 |   |   |   | 177 |   |
| Federal                funds sold and securities purchased under agreements to                resell |   |                                                                  | 319    |   |                                                                 |   | 78 |   |   |   | 1,724 |   |   |   | 584 |   |
| Total                interest and dividend income                                                    |   |                                                                  | 23,549 |   |                                                                 |   | 22,293 |   |   |   | 70,878 |   |   |   | 61,994 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| **Interest                expense**                                                                  |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                             |   |                                                                  | 9,401  |   |                                                                 |   | 8,269 |   |   |   | 28,544 |   |   |   | 22,657 |   |
| Federal                Home Loan Bank advances                                                       |   |                                                                  | 1,586  |   |                                                                 |   | 1,152 |   |   |   | 4,547 |   |   |   | 1,897 |   |
| Short-term                borrowings                                                                 |   |                                                                  | 549    |   |                                                                 |   | 232 |   |   |   | 1,032 |   |   |   | 515 |   |
| Long-term                borrowings                                                                  |   |                                                                  | 727    |   |                                                                 |   | 780 |   |   |   | 2,085 |   |   |   | 1,634 |   |
| Total                interest expense                                                                |   |                                                                  | 12,263 |   |                                                                 |   | 10,433 |   |   |   | 36,208 |   |   |   | 26,703 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Net                interest income                                                                   |   |                                                                  | 11,286 |   |                                                                 |   | 11,860 |   |   |   | 34,670 |   |   |   | 35,291 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Provision                for loan losses                                                             |   |                                                                  | 2,385  |   |                                                                 |   | 670 |   |   |   | 3,489 |   |   |   | 2,206 |   |
| Net                interest income after provision for loan losses                                   |   |                                                                  | 8,901  |   |                                                                 |   | 11,190 |   |   |   | 31,181 |   |   |   | 33,085 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| **Non-interest                income**                                                               |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Service                charges on deposit accounts                                                   |   |                                                                  | 661    |   |                                                                 |   | 650 |   |   |   | 1,960 |   |   |   | 1,782 |   |
| Fees                on mortgage loans originated and sold                                            |   |                                                                  | 287    |   |                                                                 |   | 499 |   |   |   | 1,226 |   |   |   | 1,281 |   |
| Other                income                                                                          |   |                                                                  | 1,195  |   |                                                                 |   | 479 |   |   |   | 2,441 |   |   |   | 1,559 |   |
| Total                non-interest income                                                             |   |                                                                  | 2,143  |   |                                                                 |   | 1,628 |   |   |   | 5,627 |   |   |   | 4,622 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| **Non-interest                expense**                                                              |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Salaries                and employee benefits                                                        |   |                                                                  | 5,619  |   |                                                                 |   | 4,982 |   |   |   | 16,820 |   |   |   | 14,839 |   |
| Net                occupancy and equipment expense                                                   |   |                                                                  | 2,041  |   |                                                                 |   | 1,545 |   |   |   | 5,930 |   |   |   | 4,530 |   |
| Other                expense                                                                         |   |                                                                  | 2,702  |   |                                                                 |   | 2,471 |   |   |   | 7,771 |   |   |   | 6,956 |   |
| Total                non-interest expense                                                            |   |                                                                  | 10,362 |   |                                                                 |   | 8,998 |   |   |   | 30,521 |   |   |   | 26,325 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Income                before income tax expense                                                      |   |                                                                  | 682    |   |                                                                 |   | 3,820 |   |   |   | 6,287 |   |   |   | 11,382 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Income                tax expense                                                                    |   |                                                                  | 188    |   |                                                                 |   | 1,383 |   |   |   | 2,210 |   |   |   | 4,253 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Income                from continuing operations                                                     |   |                                                                  | 494    |   |                                                                 |   | 2,437 |   |   |   | 4,077 |   |   |   | 7,129 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| **Discontinued                operations**                                                           |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Income                from merchant bankcard operations                                              |   |                                                                  | -      |   |                                                                 |   | 25 |   |   |   | - |   |   |   | 297 |   |
| Income                tax expense                                                                    |   |                                                                  | -      |   |                                                                 |   | 10 |   |   |   | - |   |   |   | 115 |   |
| Income                from discontinued operations                                                   |   |                                                                  | -      |   |                                                                 |   | 15 |   |   |   | - |   |   |   | 182 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| **Net                Income**                                                                        |   | $                                                                     | 494    |   |                                                                 | $      | 2,452 |   |   | $ | 4,077 |   |   | $ | 7,311 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| **Basic                earnings per common share**                                                   |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Continuing                operations                                                                 |   | $                                                                     | 0.04   |   |                                                                 | $      | 0.21 |   |   | $ | 0.33 |   |   | $ | 0.61 |   |
| Discontinued                operations                                                               |   |                                                                  | -      |   |                                                                 |   | - |   |   |   | - |   |   |   | 0.02 |   |
| Basic                earnings per share                                                              |   | $                                                                     | 0.04   |   |                                                                 | $      | 0.21 |   |   | $ | 0.33 |   |   | $ | 0.63 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| **Diluted                earnings per common share**                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |
| Continuing                operations                                                                 |   | $                                                                     | 0.04   |   |                                                                 | $      | 0.21 |   |   | $ | 0.33 |   |   | $ | 0.60 |   |
| Discontinued                operations                                                               |   |                                                                  | -      |   |                                                                 |   | - |   |   |   | - |   |   |   | 0.02 |   |
| Diluted                earnings per share                                                            |   | $                                                                     | 0.04   |   |                                                                 | $      | 0.21 |   |   | $ | 0.33 |   |   | $ | 0.62 |   |
|                                                                                                 |   |                                                                  |   |   |                                                                 |   |   |   |   |   |   |   |   |   |   |   |

*See      accompanying notes to consolidated financial statements*

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Table          of Contents

**TIB      FINANCIAL CORP.**

**Consolidated      Statements of Changes in Shareholders’ Equity**

**(Unaudited)**

*(Dollars      in thousands, except per share amounts)*

|                                                                                           |   | **Shares** |       |   | **Common                Stock** |   |   | **Additional                Paid in Capital** |   |   | **Retained                Earnings** |   |   | **Accumulated                Other Comprehensive Income (Loss)** |   |   | **Total                Shareholders’ Equity** |   |
|------------------------------------------------------------------------------------------------|--------|------------|------------|--------|---------------------------------|--------|--------|-----------------------------------------------|--------|--------|--------------------------------------|--------|--------|------------------------------------------------------------------|--------|--------|-----------------------------------------------------|--------|
| **Balance,                July 1, 2007**                                                       |   |       | 12,821,216 |   |                            | $      | 1,282  |                                          |   | $      | 55,661                               |   |   | $                                                                | 46,724 |   |                                                | $      | (1,397 | ) |   | $ | 102,270 |   |
| Comprehensive                income:                                                           |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |
| Net                income                                                                      |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             | 494    |   |                                                |   |   |   |   |   | 494 |   |
| Other                comprehensive income, net of tax benefit of $1,001:                       |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |
| Net                market valuation adjustment on securities available for                sale |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   | (1,586 | ) |   |   |   |   |
| Other                comprehensive income, net of tax                                          |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   | (1,586 | ) |
| Comprehensive                loss                                                              |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   | $ | (1,092 | ) |
| Stock-based                compensation                                                        |   |       |       |   |                            |   |   |                                          |   |   | 168                                  |   |   |                                                             |   |   |                                                |   |   |   |   |   | 168 |   |
| The                Bank of Venice acquisition                                                  |   |       |       |   |                            |   |   |                                          |   |   | (1                                   | )      |   |                                                             |   |   |                                                |   |   |   |   |   | (1 | ) |
| Exercise                of stock options                                                       |   |       | 11,600     |   |                            |   | 1      |                                          |   |   | 69                                   |   |   |                                                             |   |   |                                                |   |   |   |   |   | 70 |   |
| Income                tax benefit related to stock based compensation                          |   |       |       |   |                            |   |   |                                          |   |   | 6                                    |   |   |                                                             |   |   |                                                |   |   |   |   |   | 6 |   |
| Cash                dividends declared, $.06 per share                                         |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             | (770   | )      |                                                |   |   |   |   |   | (770 | ) |
| **Balance,                September 30, 2007**                                                 |   |       | 12,832,816 |   |                            | $      | 1,283  |                                          |   | $      | 55,903                               |   |   | $                                                                | 46,448 |   |                                                | $      | (2,983 | ) |   | $ | 100,651 |   |
|                                                                                           |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |

|                                                                                           |   | **Shares** |       |   | **Common                Stock** |   |   | **Additional                Paid in Capital** |   |   | **Retained                Earnings** |   |   | **Accumulated                Other Comprehensive Income (Loss)** |   |   | **Total                Shareholders’ Equity** |   |
|------------------------------------------------------------------------------------------------|--------|------------|------------|--------|---------------------------------|--------|--------|-----------------------------------------------|--------|--------|--------------------------------------|--------|--------|------------------------------------------------------------------|--------|--------|-----------------------------------------------------|--------|
| **Balance,                July 1, 2006**                                                       |   |       | 11,682,840 |   |                            | $      | 1,168  |                                          |   | $      | 39,873                               |   |   | $                                                                | 41,623 |   |                                                | $      | (2,138 | ) |   | $ | 80,526 |   |
| Comprehensive                income:                                                           |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |
| Net                income                                                                      |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             | 2,452  |   |                                                |   |   |   |   |   | 2,452 |   |
| Other                comprehensive income, net of tax expense of $766:                         |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |
| Net                market valuation adjustment on securities available for                sale |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   | 1,217 |   |   |   |   |   |
| Other                comprehensive loss, net of tax                                            |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   | 1,217 |   |
| Comprehensive                income                                                            |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   | $ | 3,669 |   |
| Stock-based                compensation                                                        |   |       |       |   |                            |   |   |                                          |   |   | 151                                  |   |   |                                                             |   |   |                                                |   |   |   |   |   | 151 |   |
| Exercise                of stock options                                                       |   |       | 29,972     |   |                            |   | 3      |                                          |   |   | 205                                  |   |   |                                                             |   |   |                                                |   |   |   |   |   | 208 |   |
| Income                tax benefit related to stock based compensation                          |   |       |       |   |                            |   |   |                                          |   |   | 96                                   |   |   |                                                             |   |   |                                                |   |   |   |   |   | 96 |   |
| Cash                dividends declared, $.05875 per share                                      |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             | (689   | )      |                                                |   |   |   |   |   | (689 | ) |
| **Balance,                September 30, 2006**                                                 |   |       | 11,712,812 |   |                            | $      | 1,171  |                                          |   | $      | 40,325                               |   |   | $                                                                | 43,386 |   |                                                | $      | (921 | ) |   | $ | 83,961 |   |
|                                                                                           |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |

*Continued*

----

Table          of Contents

|                                                                                           |   | **Shares** |       |   | **Common                Stock** |   |   | **Additional                Paid in Capital** |   |   | **Retained                Earnings** |   |   | **Accumulated                Other Comprehensive Income (Loss)** |   |   | **Total                Shareholders’ Equity** |   |
|------------------------------------------------------------------------------------------------|--------|------------|------------|--------|---------------------------------|--------|--------|-----------------------------------------------|--------|--------|--------------------------------------|--------|--------|------------------------------------------------------------------|--------|--------|-----------------------------------------------------|--------|
| **Balance,                January 1, 2007**                                                    |   |       | 11,720,527 |   |                            | $      | 1,172  |                                          |   | $      | 40,514                               |   |   | $                                                                | 44,620 |   |                                                | $      | (444 | ) |   | $ | 85,862 |   |
| Comprehensive                income:                                                           |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |
| Net                income                                                                      |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             | 4,077  |   |                                                |   |   |   |   |   | 4,077 |   |
| Other                comprehensive income, net of tax benefit of $1,596:                       |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |
| Net                market valuation adjustment on securities available for                sale |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   | (2,539 | ) |   |   |   |   |
| Other                comprehensive income, net of tax                                          |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   | (2,539 | ) |
| Comprehensive                income                                                            |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   | $ | 1,538 |   |
| Restricted                stock grants                                                         |   |       | 25,189     |   |                            |   | 3      |                                          |   |   | (3                                   | )      |   |                                                             |   |   |                                                |   |   |   |   |   | - |   |
| Stock-based                compensation                                                        |   |       |       |   |                            |   |   |                                          |   |   | 481                                  |   |   |                                                             |   |   |                                                |   |   |   |   |   | 481 |   |
| The                Bank of Venice acquisition                                                  |   |       | 944,400    |   |                            |   | 94     |                                          |   |   | 13,861                               |   |   |                                                             |   |   |                                                |   |   |   |   |   | 13,955 |   |
| Exercise                of stock options                                                       |   |       | 142,700    |   |                            |   | 14     |                                          |   |   | 1,039                                |   |   |                                                             |   |   |                                                |   |   |   |   |   | 1,053 |   |
| Income                tax benefit related to stock based compensation                          |   |       |       |   |                            |   |   |                                          |   |   | 11                                   |   |   |                                                             |   |   |                                                |   |   |   |   |   | 11 |   |
| Cash                dividends declared, $.18 per share                                         |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             | (2,249 | )      |                                                |   |   |   |   |   | (2,249 | ) |
| **Balance,                September 30, 2007**                                                 |   |       | 12,832,816 |   |                            | $      | 1,283  |                                          |   | $      | 55,903                               |   |   | $                                                                | 46,448 |   |                                                | $      | (2,983 | ) |   | $ | 100,651 |   |
|                                                                                           |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |

|                                                                                                  |   | **Shares** |       |   | **Common                Stock** |   |   | **Additional                Paid in Capital** |   |   | **Retained                Earnings** |   |   | **Accumulated                Other Comprehensive Income (Loss)** |   |   | **Total                Shareholders’ Equity** |   |
|-------------------------------------------------------------------------------------------------------|--------|------------|------------|--------|---------------------------------|--------|--------|-----------------------------------------------|--------|--------|--------------------------------------|--------|--------|------------------------------------------------------------------|--------|--------|-----------------------------------------------------|--------|
| **Balance,                January 1, 2006**                                                           |   |       | 11,585,196 |   |                            | $      | 1,158  |                                          |   | $      | 38,973                               |   |   | $                                                                | 38,136 |   |                                                | $      | (743 | ) |   | $ | 77,524 |   |
| Comprehensive                income:                                                                  |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |
| Net                income                                                                             |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             | 7,311  |   |                                                |   |   |   |   |   | 7,311 |   |
| Other                comprehensive loss, net of tax benefit of $130:                                  |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |
| Net                market valuation adjustment on securities available for                sale        |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   | (178 | ) |   |   |   |   |
| Other                comprehensive loss, net of tax                                                   |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   | (178 | ) |
| Comprehensive                income                                                                   |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   | $ | 7,133 |   |
| Restricted                stock cancellations, net of 8,680 restricted stock                issuances |   |       | (1,320     | )      |                            |   | -      |                                          |   |   | -                                    |   |   |                                                             |   |   |                                                |   |   |   |   |   | - |   |
| Stock-based                compensation                                                               |   |       |       |   |                            |   |   |                                          |   |   | 421                                  |   |   |                                                             |   |   |                                                |   |   |   |   |   | 421 |   |
| Exercise                of stock options                                                              |   |       | 128,936    |   |                            |   | 13     |                                          |   |   | 799                                  |   |   |                                                             |   |   |                                                |   |   |   |   |   | 812 |   |
| Income                tax benefit related to stock based compensation                                 |   |       |       |   |                            |   |   |                                          |   |   | 132                                  |   |   |                                                             |   |   |                                                |   |   |   |   |   | 132 |   |
| Cash                dividends declared, $.17625 per share                                             |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             | (2,061 | )      |                                                |   |   |   |   |   | (2,061 | ) |
| **Balance,                September 30, 2006**                                                        |   |       | 11,712,812 |   |                            | $      | 1,171  |                                          |   | $      | 40,325                               |   |   | $                                                                | 43,386 |   |                                                | $      | (921 | ) |   | $ | 83,961 |   |
|                                                                                                  |   |       |       |   |                            |   |   |                                          |   |   |                                 |   |   |                                                             |   |   |                                                |   |   |   |   |   |   |   |

*See      accompanying notes to consolidated financial      statements*

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Table          of Contents

| **TIB                FINANCIAL CORP.****CONSOLIDATED                STATEMENTS OF CASH FLOWS****INCREASE                (DECREASE) IN CASH AND CASH EQUIVALENTS****(Unaudited)***(Dollars                in thousands)* |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                    |   | **Nine                Months Ended****September                30,** |   |
|                                                                                                                                                                                                                    |   | **2007** |   |   | **2006** |   |
| **Cash                flows from operating activities:**                                                                                                                                                                |   |   |   |   |   |   |
| Net                income                                                                                                                                                                                               |   | $ | 4,077 |   |   | $ | 7,311 |   |
| Adjustments                to reconcile net income to net cash provided by operating                activities:                                                                                                         |   |   |   |   |   |   |   |   |
| Depreciation                and amortization                                                                                                                                                                            |   |   | 2,455 |   |   |   | 1,897 |   |
| Provision                for loan losses                                                                                                                                                                                |   |   | 3,489 |   |   |   | 2,206 |   |
| Deferred                income tax benefit                                                                                                                                                                              |   |   | (731 | ) |   |   | (718 | ) |
| Gain                on sale of merchant bankcard processing segment                                                                                                                                                     |   |   | - |   |   |   | (297 | ) |
| Stock-based                compensation                                                                                                                                                                                 |   |   | 478 |   |   |   | 421 |   |
| Other                                                                                                                                                                                                                   |   |   | (963 | ) |   |   | (133 | ) |
| Mortgage                loans originated for sale                                                                                                                                                                       |   |   | (77,772 | ) |   |   | (83,781 | ) |
| Proceeds                from sales of mortgage loans                                                                                                                                                                    |   |   | 80,353 |   |   |   | 78,794 |   |
| Fees                on mortgage loans sold                                                                                                                                                                              |   |   | (1,217 | ) |   |   | (1,281 | ) |
| Increase                in accrued interest receivable and other assets                                                                                                                                                 |   |   | (2,347 | ) |   |   | (1,149 | ) |
| (Increase)                decrease in accrued interest payable and other liabilities                                                                                                                                    |   |   | (2,042 | ) |   |   | 493 |   |
| Net                cash provided by operating activities                                                                                                                                                                |   |   | 5,780 |   |   |   | 3,763 |   |
|                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| **Cash                flows from investing activities:**                                                                                                                                                                |   |   |   |   |   |   |   |   |
| Purchases                of investment securities available for sale                                                                                                                                                    |   |   | (48,789 | ) |   |   | (37,459 | ) |
| Repayments                of principal and maturities of investment securities available for                sale                                                                                                        |   |   | 15,359 |   |   |   | 8,056 |   |
| Cash                equivalents acquired from The Bank of Venice acquisition                                                                                                                                            |   |   | 10,176 |   |   |   | - |   |
| Cash                paid for The Bank of Venice                                                                                                                                                                         |   |   | (866 | ) |   |   | - |   |
| Net                purchase of FHLB stock                                                                                                                                                                               |   |   | (1,123 | ) |   |   | (4,768 | ) |
| Net                decrease (increase) in loans                                                                                                                                                                         |   |   | 11,701 |   |   |   | (161,623 | ) |
| Purchases                of premises and equipment                                                                                                                                                                      |   |   | (3,561 | ) |   |   | (9,136 | ) |
| Proceeds                from sale of loans                                                                                                                                                                              |   |   | 624 |   |   |   | 7,439 |   |
| Proceeds                from sale of premises, equipment and intangible assets                                                                                                                                          |   |   | 1,822 |   |   |   | 218 |   |
| Net                cash used in investing activities                                                                                                                                                                    |   |   | (14,657 | ) |   |   | (197,273 | ) |
|                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| **Cash                flows from financing activities:**                                                                                                                                                                |   |   |   |   |   |   |   |   |
| Net                increase (decrease) in demand, money market and savings                accounts                                                                                                                      |   |   | 7,227 |   |   |   | (2,797 | ) |
| Net                (decrease) increase in time deposits                                                                                                                                                                 |   |   | (74,982 | ) |   |   | 54,439 |   |
| Net                increase in federal funds purchased and securities sold under agreements                to repurchase                                                                                                |   |   | 52,878 |   |   |   | 7,965 |   |
| Net                proceeds from issuance of trust preferred securities                                                                                                                                                 |   |   | - |   |   |   | 19,995 |   |
| Net                increase in FHLB short term advances                                                                                                                                                                 |   |   | 10,000 |   |   |   | - |   |
| Increase                in long term FHLB advances                                                                                                                                                                      |   |   | 60,000 |   |   |   | 95,000 |   |
| Repayment                of long term FHLB advances                                                                                                                                                                     |   |   | (50,000 | ) |   |   | - |   |
| Repayment                of notes payable                                                                                                                                                                               |   |   | (4,000 | ) |   |   | - |   |
| Proceeds                from exercise of stock options                                                                                                                                                                  |   |   | 1,053 |   |   |   | 812 |   |
| Income                tax benefit related to stock-based compensation                                                                                                                                                   |   |   | 11 |   |   |   | 132 |   |
| Cash                dividends paid                                                                                                                                                                                      |   |   | (2,183 | ) |   |   | (2,053 | ) |
| Net                cash provided by financing activities                                                                                                                                                                |   |   | 4 |   |   |   | 173,493 |   |
|                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| **Net                decrease in cash and cash equivalents**                                                                                                                                                            |   |   | (8,873 | ) |   |   | (20,017 | ) |
| Cash                and cash equivalents at beginning of period                                                                                                                                                         |   |   | 55,552 |   |   |   | 41,510 |   |
| **Cash                and cash equivalents at end of period**                                                                                                                                                           |   | $ | 46,679 |   |   | $ | 21,493 |   |
|                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| **Supplemental                disclosures of cash flow:**                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Interest                                                                                                                                                                                                                |   | $ | 39,177 |   |   | $ | 24,282 |   |
| Income                taxes                                                                                                                                                                                             |   |   | 3,143 |   |   |   | 8,980 |   |
| Fair                value of noncash assets acquired                                                                                                                                                                    |   |   | 68,458 |   |   |   | - |   |
| Fair                value of liabilities assumed                                                                                                                                                                        |   |   | 63,882 |   |   |   | - |   |
| Fair                value of common stock and stock options  issued                                                                                                                                           |   |   | 13,992 |   |   |   | - |   |
| **Supplemental                disclosures of non-cash transactions:**                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Financing                of sale of premises and equipment to third parties                                                                                                                                             |   | $ | - |   |   | $ | 2,136 |   |
|                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| *See                accompanying notes to consolidated financial                statements*                                                                                                                             |   |

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Table          of Contents

**TIB            FINANCIAL CORP.**

*(Dollars            in thousands except for share and per share amounts)*

**Note      1 – Basis of Presentation & Accounting Policies**

**Critical      Accounting Policies**

***Allowance      for Loan Losses***

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Table            of Contents

**TIB              FINANCIAL CORP.**

*(Dollars              in thousands except for share and per share amounts)*

***Earnings      Per Common Share***

***Acquisitions***

**Recent      Accounting Pronouncements**

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Table            of Contents

**TIB              FINANCIAL CORP.**

*(Dollars              in thousands except for share and per share amounts)*

**Note      2 – Investment Securities**

|                                                              |   | **September                30, 2007** |    |
|-------------------------------------------------------------------|--------|---------------------------------------|---------|
|                                                              |   | **Amortized****Cost**                 |    |   | **Unrealized****Gains** |   |   | **Unrealized****Losses** |   |   | **Estimated****Fair                Value** |   |
| U.S.                Treasury securities                           |   | $                                     | 4,992   |   |   | $ | - |   |   | $ | 44 |   |   | $ | 4,948 |   |
| U.S.                Government agencies and corporations          |   |                                  | 90,958  |   |   |   | 617 |   |   |   | 500 |   |   |   | 91,075 |   |
| States                and political subdivisions—tax exempt |   |                                  | 10,229  |   |   |   | 7 |   |   |   | 107 |   |   |   | 10,129 |   |
| States                and political subdivisions—taxable    |   |                                  | 2,496   |   |   |   | 10 |   |   |   | - |   |   |   | 2,506 |   |
| Mortgage-backed                securities                         |   |                                  | 38,179  |   |   |   | 82 |   |   |   | 201 |   |   |   | 38,060 |   |
| Collateralized                debt obligations                    |   |                                  | 14,996  |   |   |   | - |   |   |   | 4,256 |   |   |   | 10,740 |   |
| Corporate                bond                                     |   |                                  | 2,864   |   |   |   | - |   |   |   | 100 |   |   |   | 2,764 |   |
| Marketable                equity securities                       |   |                                  | 3,000   |   |   |   | - |   |   |   | 366 |   |   |   | 2,634 |   |
|                                                              |   | $                                     | 167,714 |   |   | $ | 716 |   |   | $ | 5,574 |   |   | $ | 162,856 |   |

|                                                              |   | **December                31, 2006** |    |
|-------------------------------------------------------------------|--------|--------------------------------------|---------|
|                                                              |   | **Amortized****Cost**                |    |   | **Unrealized****Gains** |   |   | **Unrealized****Losses** |   |   | **Estimated****Fair                Value** |   |
| U.S.                Treasury securities                           |   | $                                    | 5,087   |   |   | $ | - |   |   | $ | 125 |   |   | $ | 4,962 |   |
| U.S.                Government agencies and corporations          |   |                                 | 84,014  |   |   |   | 278 |   |   |   | 1,294 |   |   |   | 82,998 |   |
| States                and political subdivisions—tax exempt |   |                                 | 10,818  |   |   |   | 22 |   |   |   | 98 |   |   |   | 10,742 |   |
| States                and political subdivisions—taxable    |   |                                 | 2,578   |   |   |   | 12 |   |   |   | - |   |   |   | 2,590 |   |
| Mortgage-backed                securities                         |   |                                 | 16,428  |   |   |   | 94 |   |   |   | 8 |   |   |   | 16,514 |   |
| Collateralized                debt obligations                    |   |                                 | 9,996   |   |   |   | - |   |   |   | 87 |   |   |   | 9,909 |   |
| Marketable                equity securities                       |   |                                 | 3,000   |   |   |   | 484 |   |   |   | - |   |   |   | 3,484 |   |
|                                                              |   | $                                    | 131,921 |   |   | $ | 890 |   |   | $ | 1,612 |   |   | $ | 131,199 |   |

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Table              of Contents

**TIB                FINANCIAL CORP.**

*(Dollars                in thousands except for share and per share amounts)*

**Note      3 – Loans**

|                                             |   | **September                30,****2007** |      |   | **December                31,****2006** |   |
|--------------------------------------------------|--------|------------------------------------------|-----------|--------|-----------------------------------------|--------|
| Real                estate mortgage loans:       |   |                                     |      |   |                                    |   |
| Commercial                                       |   | $                                        | 604,286   |   |                                    | $      | 546,276 |   |
| Residential                                      |   |                                     | 110,055   |   |                                    |   | 82,243 |   |
| Farmland                                         |   |                                     | 10,245    |   |                                    |   | 24,210 |   |
| Construction                and vacant land      |   |                                     | 150,808   |   |                                    |   | 157,672 |   |
| Commercial                and agricultural loans |   |                                     | 70,847    |   |                                    |   | 84,905 |   |
| Indirect                auto dealer loans        |   |                                     | 127,219   |   |                                    |   | 141,552 |   |
| Home                equity loans                 |   |                                     | 18,425    |   |                                    |   | 17,199 |   |
| Other                consumer loans              |   |                                     | 12,080    |   |                                    |   | 9,795 |   |
| Total                loans                       |   |                                     | 1,103,965 |   |                                    |   | 1,063,852 |   |
|                                             |   |                                     |      |   |                                    |   |   |   |
| Net                deferred loan costs           |   |                                     | 1,632     |   |                                    |   | 1,616 |   |
| Loans,                net of deferred loan costs |   | $                                        | 1,105,597 |   |                                    | $      | 1,065,468 |   |

**Note      4 – Allowance for Loan Losses**

|                                                        |   | **Nine                Months Ended****September                30,** |   |
|-------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|
|                                                        |   | **2007**                                                             |   |   | **2006** |   |
| Balance,                January 1                           |   | $                                                                    | 9,581  |   |   | $ | 7,546 |   |
| Acquisition                of The Bank of Venice            |   |                                                                 | 667    |   |   |   | - |   |
| Provision                for loan losses charged to expense |   |                                                                 | 3,489  |   |   |   | 2,206 |   |
| Loans                charged off                            |   |                                                                 | (2,388 | ) |   |   | (1,072 | ) |
| Recoveries                of loans previously charged off   |   |                                                                 | 264    |   |   |   | 110 |   |
| Balance,                September 30                        |   | $                                                                    | 11,613 |   |   | $ | 8,790 |   |

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Table              of Contents

**TIB                FINANCIAL CORP.**

*(Dollars                in thousands except for share and per share amounts)*

|   | Nonaccrual                loans are as follows: |
|--------|-------------------------------------------------|

|                                                    |   | **September                30, 2007** |   |   | **December                31, 2006** |   |
|---------------------------------------------------------|--------|---------------------------------------|--------|--------|--------------------------------------|--------|
| **Collateral                Description**               |   | **Number                of****Loans** |   |   | **Outstanding****Balance**           |   |   | **Number                of****Loans** |   |   | **Outstanding****Balance** |   |
| Residential                1-4 family                   |   |                                  | 6      |   |                                 | $      | 4,709 |   |   |   | 2 |   |   | $ | 150 |   |
| Commercial                and agricultural              |   |                                  | 4      |   |                                 |   | 965 |   |   |   | 1 |   |   |   | 142 |   |
| Commercial                real estate                   |   |                                  | 4      |   |                                 |   | 2,282 |   |   |   | 1 |   |   |   | 396 |   |
| Residential                land development             |   |                                  | 1      |   |                                 |   | 3,921 |   |   |   | - |   |   |   | - |   |
| Participations                in residential loan pools |   |                                  | 9      |   |                                 |   | 1,314 |   |   |   | - |   |   |   | - |   |
| Government                guaranteed loan               |   |                                  | 1      |   |                                 |   | 1,641 |   |   |   | 1 |   |   |   | 1,641 |   |
| Indirect                auto-dealer loans               |   |                                  | 134    |   |                                 |   | 1,733 |   |   |   | 156 |   |   |   | 1,894 |   |
|                                                    |   |                                  |   |   |                                 | $      | 16,565 |   |   |   |   |   |   | $ | 4,233 |   |

|                                                             |   | **September                30,****2007** |   |   | **December                31,****2006** |   |
|------------------------------------------------------------------|--------|------------------------------------------|--------|--------|-----------------------------------------|--------|
| Loans                with no allocated allowance for loan losses |   | $                                        | 122    |   |                                    | $      | 519 |   |
| Loans                with allocated allowance for loan losses    |   |                                     | 2,403  |   |                                    |   | 142 |   |
| Total                                                            |   | $                                        | 2,525  |   |                                    | $      | 661 |   |
| Amount                of the allowance for loan losses allocated |   | $                                        | 714    |   |                                    | $      | 45 |   |
|                                                             |   |                                     |   |   |                                    |   |   |   |

**Note      5 – Earnings Per Share and Common Stock**

|                                                      |   | **Three                Months Ended****September                30,** |       |   | **Nine                Months Ended****September                30,** |   |
|-----------------------------------------------------------|--------|-----------------------------------------------------------------------|------------|--------|----------------------------------------------------------------------|--------|
|                                                      |   | **2007**                                                              |       |   | **2006**                                                             |   |   | **2007** |   |   | **2006** |   |
| Basic                                                     |   |                                                                  | 12,768,321 |   |                                                                 |   | 11,618,362 |   |   |   | 12,293,441 |   |   |   | 11,590,149 |   |
| Dilutive                effect of options outstanding     |   |                                                                  | 126,999    |   |                                                                 |   | 256,292 |   |   |   | 173,855 |   |   |   | 262,162 |   |
| Dilutive                effect of restricted stock awards |   |                                                                  | 6,892      |   |                                                                 |   | 14,858 |   |   |   | 9,998 |   |   |   | 11,818 |   |
| Diluted                                                   |   |                                                                  | 12,902,212 |   |                                                                 |   | 11,889,512 |   |   |   | 12,477,294 |   |   |   | 11,864,129 |   |

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Table              of Contents

**TIB                FINANCIAL CORP.**

*(Dollars                in thousands except for share and per share amounts)*

|                                                 |   | **Three                Months Ended****September                30,** |    |   | **Nine                Months Ended****September                30,** |   |
|------------------------------------------------------|--------|-----------------------------------------------------------------------|---------|--------|----------------------------------------------------------------------|--------|
|                                                 |   | **2007**                                                              |    |   | **2006**                                                             |   |   | **2007** |   |   | **2006** |   |
| Anti-dilutive                stock options           |   |                                                                  | 274,651 |   |                                                                 |   | 100,928 |   |   |   | 241,071 |   |   |   | 91,348 |   |
| Anti-dilutive                restricted stock awards |   |                                                                  | 35,098  |   |                                                                 |   | - |   |   |   | 1,665 |   |   |   | - |   |

**Note      6 – Capital Adequacy**

|                                                    |   | **Well****Capitalized                Requirement** |                       |   | **Adequately                Capitalized Requirement** |                     |                     | **September                30,****2007****Actual** |   |   | **December                31,****2006****Actual** |   |
|---------------------------------------------------------|--------|----------------------------------------------------|----------------------------|--------|-------------------------------------------------------|--------------------------|--------------------------|----------------------------------------------------|--------|--------|---------------------------------------------------|--------|
| Tier                1 Capital (to Average Assets)       |   |                                               |                       |   |                                                  |                     |                     |                                               |   |   |                                              |   |
| Consolidated                                            |   | N/A                                                |                       |   |                                                  | 4.0                      | %                        |                                               |   | 9.4    | %                                                 |   |   | 8.8 | % |
| TIB                Bank                                 |   |                                               | ≥                5.0 | %      |                                                  |                     | ≥              4.0 | %                                                  |   |   | 9.1                                               | %      |   |   | 9.0 | % |
| The                Bank of Venice                       |   |                                               | ≥                5.0 | %      |                                                  |                     | ≥              4.0 | %                                                  |   |   | 11.8                                              | %      |   | N/A |   |
|                                                    |   |                                               |                       |   |                                                  |                     |                     |                                               |   |   |                                              |   |   |   |   |   |
| Tier                1 Capital (to Risk Weighted Assets) |   |                                               |                       |   |                                                  |                     |                     |                                               |   |   |                                              |   |   |   |   |   |
| Consolidated                                            |   | N/A                                                |                       |   |                                                  | ≥              4.0 | %                        |                                               |   | 11.0   | %                                                 |   |   | 10.1 | % |
| TIB                Bank                                 |   |                                               | ≥              6.0   | %      |                                                  |                     | ≥              4.0 | %                                                  |   |   | 10.6                                              | %      |   |   | 10.4 | % |
| The                Bank of Venice                       |   |                                               | ≥              6.0   | %      |                                                  |                     | ≥              4.0 | %                                                  |   |   | 16.1                                              | %      |   | N/A |   |
|                                                    |   |                                               |                       |   |                                                  |                     |                     |                                               |   |   |                                              |   |   |   |   |   |
| Total                Capital (to Risk Weighted Assets)  |   |                                               |                       |   |                                                  |                     |                     |                                               |   |   |                                              |   |   |   |   |   |
| Consolidated                                            |   | N/A                                                |                       |   |                                                  | ≥              8.0 | %                        |                                               |   | 12.0   | %                                                 |   |   | 11.8 | % |
| TIB                Bank                                 |   |                                               | ≥              10.0  | %      |                                                  |                     | ≥              8.0 | %                                                  |   |   | 11.6                                              | %      |   |   | 11.3 | % |
| The                Bank of Venice                       |   |                                               | ≥              10.0  | %      |                                                  |                     | ≥              8.0 | %                                                  |   |   | 17.3                                              | %      |   | N/A |   |
|                                                    |   |                                               |                       |   |                                                  |                     |                     |                                               |   |   |                                              |   |   |   |   |   |

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Table                of Contents

**TIB                  FINANCIAL CORP.**

*(Dollars                  in thousands except for share and per share amounts)*

**Note          7. – Acquisition**

| Cash                and cash equivalents                                |   | $      | 10,176 |   |
|-------------------------------------------------------------------------|--------|--------|--------|--------|
| Securities                available for sale                            |   |   | 2,292  |   |
| Federal                Home Loan Bank Stock and other equity securities |   |   | 496    |   |
| Loans,                net                                               |   |   | 55,373 |   |
| Fixed                assets                                             |   |   | 2,714  |   |
| Goodwill                                                                |   |   | 4,684  |   |
| Core                deposit intangible                                  |   |   | 2,150  |   |
| Other                                                                   |   |   | 749    |   |
| Total                assets acquired                                    |   |   | 78,634 |   |
|                                                                    |   |   |   |   |
| Deposits                                                                |   |   | 57,715 |   |
| FHLB                advances                                            |   |   | 5,000  |   |
| Other                liabilities                                        |   |   | 1,167  |   |
| Total                liabilities assumed                                |   |   | 63,882 |   |
|                                                                    |   |   |   |   |
| Total                consideration paid for The Bank of Venice          |   | $      | 14,752 |   |

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Table              of Contents

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

**Forward-looking      Statements**

**Quarterly      Summary**

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Table          of Contents

**Three      Months Ended September 30, 2007 and 2006:**

***Results      of Operations***

***Net      Interest Income***

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Table          of Contents

***Provision      for Loan Losses***

***Non-interest      Income***

***Non-interest      Expense***

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Table          of Contents

**Nine      Months Ended September 30, 2007 and 2006:**

***Results      of Operations***

***Net      Interest Income***

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Table          of Contents

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | **2007**                |      |   | **2006**               |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|-----------|--------|------------------------|--------|
|  *(Dollars                in thousands)*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | **Average****Balances** |      |   | **Income/****Expense** |   |   | **Yields/****Rates** |   |   | **Average****Balances** |   |   | **Income/****Expense** |   |   | **Yields/****Rates** |   |
| Interest-earning                assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                (1)(2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                       | 1,080,188 |   |                   | $      | 63,532 |   |   |   | 7.86 | % |   | $ | 966,898 |   |   | $ | 56,955 |   |   |   | 7.88 | % |
| Investment                securities (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                    | 141,958   |   |                   |   | 5,489 |   |   |   | 5.17 | % |   |   | 121,587 |   |   |   | 4,526 |   |   |   | 4.98 | % |
| Interest-bearing                deposits in other banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                    | 393       |   |                   |   | 15 |   |   |   | 5.10 | % |   |   | 455 |   |   |   | 17 |   |   |   | 5.00 | % |
| Federal                Home Loan Bank stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                    | 8,220     |   |                   |   | 367 |   |   |   | 5.97 | % |   |   | 4,157 |   |   |   | 177 |   |   |   | 5.72 | % |
|                    Federal funds sold and securities sold under agreements to                resell                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                    | 43,892    |   |                   |   | 1,724 |   |   |   | 5.25 | % |   |   | 16,724 |   |   |   | 584 |   |   |   | 4.67 | % |
| Total                interest-earning assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    | 1,274,651 |   |                   |   | 71,127 |   |   |   | 7.46 | % |   |   | 1,109,821 |   |   |   | 62,259 |   |   |   | 7.50 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest-earning                assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                and due from banks                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    | 20,711    |   |                   |   |   |   |   |   |   |   |   |   | 22,918 |   |   |   |   |   |   |   |   |   |
| Premises                and equipment, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | 36,132    |   |                   |   |   |   |   |   |   |   |   |   | 31,677 |   |   |   |   |   |   |   |   |   |
| Allowance                for loan losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                    | (9,675    | )      |                   |   |   |   |   |   |   |   |   |   | (8,139 | ) |   |   |   |   |   |   |   |   |
| Other                assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                    | 39,793    |   |                   |   |   |   |   |   |   |   |   |   | 31,694 |   |   |   |   |   |   |   |   |   |
| Total                non-interest-earning assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                    | 86,961    |   |                   |   |   |   |   |   |   |   |   |   | 78,150 |   |   |   |   |   |   |   |   |   |
| Total                assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                       | 1,361,612 |   |                   |   |   |   |   |   |   |   |   | $ | 1,187,971 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing                liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing                deposits:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NOW                accounts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                       | 153,503   |   |                   | $      | 3,870 |   |   |   | 3.37 | % |   | $ | 135,670 |   |   | $ | 2,616 |   |   |   | 2.58 | % |
| Money                market                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                    | 190,660   |   |                   |   | 6,018 |   |   |   | 4.22 | % |   |   | 167,918 |   |   |   | 4,330 |   |   |   | 3.45 | % |
| Savings                deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    | 55,145    |   |                   |   | 688 |   |   |   | 1.67 | % |   |   | 50,019 |   |   |   | 260 |   |   |   | 0.69 | % |
| Time                deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    | 481,933   |   |                   |   | 17,968 |   |   |   | 4.98 | % |   |   | 464,049 |   |   |   | 15,451 |   |   |   | 4.45 | % |
| Total                interest-bearing deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                    | 881,241   |   |                   |   | 28,544 |   |   |   | 4.33 | % |   |   | 817,656 |   |   |   | 22,657 |   |   |   | 3.70 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                interest-bearing liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Short-term                borrowings and FHLB advances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                    | 163,582   |   |                   |   | 5,579 |   |   |   | 4.56 | % |   |   | 69,029 |   |   |   | 2,412 |   |   |   | 4.67 | % |
| Long-term                borrowings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                    | 34,406    |   |                   |   | 2,085 |   |   |   | 8.10 | % |   |   | 24,256 |   |   |   | 1,634 |   |   |   | 9.01 | % |
| Total                interest-bearing liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                    | 1,079,229 |   |                   |   | 36,208 |   |   |   | 4.49 | % |   |   | 910,941 |   |   |   | 26,703 |   |   |   | 3.92 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest-bearing                liabilities and shareholders’ equity:                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand                deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                    | 167,642   |   |                   |   |   |   |   |   |   |   |   |   | 179,569 |   |   |   |   |   |   |   |   |   |
| Other                liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                    | 19,472    |   |                   |   |   |   |   |   |   |   |   |   | 17,189 |   |   |   |   |   |   |   |   |   |
| Shareholders’                equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    | 95,269    |   |                   |   |   |   |   |   |   |   |   |   | 80,272 |   |   |   |   |   |   |   |   |   |
| Total                non-interest-bearing liabilities and shareholders’ equity                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    | 282,383   |   |                   |   |   |   |   |   |   |   |   |   | 277,030 |   |   |   |   |   |   |   |   |   |
| Total                liabilities and shareholders’ equity                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | $                       | 1,361,612 |   |                   |   |   |   |   |   |   |   |   | $ | 1,187,971 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                rate spread  (tax equivalent basis)                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                    |      |   |                   |   |   |   |   |   | 2.97 | % |   |   |   |   |   |   |   |   |   |   | 3.58 | % |
| Net                interest income  (tax equivalent basis)                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    |      |   |                   | $      | 34,919 |   |   |   |   |   |   |   |   |   |   | $ | 35,556 |   |   |   |   |   |
| Net                interest margin (3) (tax equivalent basis)                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                    |      |   |                   |   |   |   |   |   | 3.66 | % |   |   |   |   |   |   |   |   |   |   | 4.28 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                    |      |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| _______(1) Average                loans include non-performing loans.(2) Interest                income and rates include the effects of a tax equivalent adjustment                using                applicable statutory tax rates in adjusting tax exempt interest on                tax                exempt investment securities and loans to a fully taxable                basis.(3) Net                interest margin is net interest income divided by average total                interest-earning assets. |   |

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Table          of Contents

***Changes      in Net Interest Income***

|                                                                                                                                                                                                                                                                                                            |   | **2007                Compared to 2006 (1)****Due                to Changes in** |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|--------|
| *(Dollars                in thousands)*                                                                                                                                                                                                                                                                         |   | **Average****Volume**                                                            |   |   | **Average****Rate** |   |   | **Net                Increase****(Decrease)** |   |
| Interest                income                                                                                                                                                                                                                                                                                  |   |                                                                             |   |   |   |   |   |   |   |
| Loans                (2)                                                                                                                                                                                                                                                                                        |   | $                                                                                | 6,663  |   |   | $ | (86 | ) |   | $ | 6,577 |   |
| Investment                securities (2)                                                                                                                                                                                                                                                                        |   |                                                                             | 782    |   |   |   | 181 |   |   |   | 963 |   |
| Interest-bearing                deposits in other banks                                                                                                                                                                                                                                                         |   |                                                                             | (2     | ) |   |   | - |   |   |   | (2 | ) |
| Federal                Home Loan Bank stock                                                                                                                                                                                                                                                                     |   |                                                                             | 181    |   |   |   | 9 |   |   |   | 190 |   |
| Federal                funds sold and securities purchased under agreements to                resell                                                                                                                                                                                                            |   |                                                                             | 1,059  |   |   |   | 81 |   |   |   | 1,140 |   |
| Total                interest income                                                                                                                                                                                                                                                                            |   |                                                                             | 8,683  |   |   |   | 185 |   |   |   | 8,868 |   |
|                                                                                                                                                                                                                                                                                                            |   |                                                                             |   |   |   |   |   |   |   |   |   |   |
| Interest                expense                                                                                                                                                                                                                                                                                 |   |                                                                             |   |   |   |   |   |   |   |   |   |   |
| NOW                accounts                                                                                                                                                                                                                                                                                     |   |                                                                             | 376    |   |   |   | 878 |   |   |   | 1,254 |   |
| Money                market                                                                                                                                                                                                                                                                                     |   |                                                                             | 636    |   |   |   | 1,052 |   |   |   | 1,688 |   |
| Savings                deposits                                                                                                                                                                                                                                                                                 |   |                                                                             | 29     |   |   |   | 399 |   |   |   | 428 |   |
| Time                deposits                                                                                                                                                                                                                                                                                    |   |                                                                             | 613    |   |   |   | 1,904 |   |   |   | 2,517 |   |
| Short-term                borrowings and FHLB advances                                                                                                                                                                                                                                                          |   |                                                                             | 3,226  |   |   |   | (59 | ) |   |   | 3,167 |   |
| Long-term                borrowings                                                                                                                                                                                                                                                                             |   |                                                                             | 628    |   |   |   | (177 | ) |   |   | 451 |   |
| Total                interest expense                                                                                                                                                                                                                                                                           |   |                                                                             | 5,508  |   |   |   | 3,997 |   |   |   | 9,505 |   |
|                                                                                                                                                                                                                                                                                                            |   |                                                                             |   |   |   |   |   |   |   |   |   |   |
| Change                in net interest income                                                                                                                                                                                                                                                                    |   | $                                                                                | 3,175  |   |   | $ | (3,812 | ) |   | $ | (637 | ) |
|                                                                                                                                                                                                                                                                                                            |   |                                                                             |   |   |   |   |   |   |   |   |   |   |
| ________(1)                The change in interest due to both rate and volume has been allocated                to                the volume and rate components in proportion to the relationship                of the                dollar amounts of the absolute change in each.                          |   |
| (2)                Interest income includes the effects of a tax equivalent adjustment                using                applicable statutory tax rates in adjusting tax exempt interest on                tax                exempt investment securities and loans to a fully taxable                basis. |   |

***Provision      for Loan Losses***

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Table          of Contents

***Non-interest      Income***

***Non-interest      Expense***

***Balance      Sheet***

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Table          of Contents

***Investment      Securities***

| *(Dollars                in thousands)*                         |   |
|-----------------------------------------------------------------|--------|
| Amortized                Cost of Collateralized Debt Obligation |   | Rating                at Purchase |   | Current                Rating |   | Estimated                Fair Valueas                of September 30, 2007 |   |
|                                                            |   |   |   |   |   |   |   |
| $                                                               | 6,000  |   | A |   | BBB |   | $ | 3,600 |   |
|                                                            | 5,000  |   | Aa2 |   | Aa2 |   |   | 4,700 |   |
|                                                            | 2,000  |   | A |   | BBB+ |   |   | 1,200 |   |
|                                                            | 1,996  |   | A |   | A- |   |   | 1,240 |   |

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Table          of Contents

***Loan      Portfolio Composition***

| *(Dollars                in thousands)*               |   | September                30, 2007    |    |   | December                31, 2006 |   |
|-------------------------------------------------------|--------|--------------------------------------|---------|--------|----------------------------------|--------|
|                                                  |   | CommercialReal                Estate |    |   | PercentageComposition            |   |   | CommercialReal                Estate |   |   | PercentageComposition |   |
|                                                  |   |                                 |    |   |                             |   |   |   |   |   |   |   |
| Mixed                Use Commercial/Residential       |   | $                                    | 101,295 |   |                             |   | 17 | % |   | $ | 92,220 |   |   |   | 17 | % |
| 1-4                Family Investment and Multi Family |   |                                 | 78,426  |   |                             |   | 13 | % |   |   | 75,154 |   |   |   | 14 | % |
| Hotels/Motels                                         |   |                                 | 81,692  |   |                             |   | 14 | % |   |   | 77,055 |   |   |   | 14 | % |
| Guesthouses                                           |   |                                 | 80,415  |   |                             |   | 13 | % |   |   | 76,990 |   |   |   | 14 | % |
| Office                Buildings                       |   |                                 | 100,101 |   |                             |   | 17 | % |   |   | 74,380 |   |   |   | 14 | % |
| Retail                Buildings                       |   |                                 | 62,258  |   |                             |   | 10 | % |   |   | 57,930 |   |   |   | 10 | % |
| Restaurants                                           |   |                                 | 37,471  |   |                             |   | 6 | % |   |   | 31,802 |   |   |   | 6 | % |
| Marinas/Docks                                         |   |                                 | 20,277  |   |                             |   | 3 | % |   |   | 26,312 |   |   |   | 5 | % |
| Warehouse                and Industrial               |   |                                 | 28,459  |   |                             |   | 5 | % |   |   | 21,206 |   |   |   | 4 | % |
| Other                                                 |   |                                 | 13,892  |   |                             |   | 2 | % |   |   | 13,227 |   |   |   | 2 | % |
|                                                  |   |                                 |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                 |   | $                                    | 604,286 |   |                             |   | 100 | % |   | $ | 546,276 |   |   |   | 100 | % |
|                                                  |   |                                 |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |

|                                                  |   | September                30, 2007         |    |   | December                31, 2006 |   |
|-------------------------------------------------------|--------|-------------------------------------------|---------|--------|----------------------------------|--------|
|                                                  |   | Constructionand                VacantLand |    |   | PercentageComposition            |   |   | Constructionand                VacantLand |   |   | PercentageComposition |   |
|                                                  |   |                                      |    |   |                             |   |   |   |   |   |   |   |
| Construction:                                         |   |                                      |    |   |                             |   |   |   |   |   |   |   |
| Residential–owner                occupied       |   | $                                         | 22,263  |   |                             |   | 15 | % |   | $ | 23,892 |   |   |   | 15 | % |
| Residential–commercial                developer |   |                                      | 38,939  |   |                             |   | 26 | % |   |   | 42,664 |   |   |   | 27 | % |
| Commercial                structure                   |   |                                      | 15,890  |   |                             |   | 10 | % |   |   | 24,035 |   |   |   | 15 | % |
|                                                  |   |                                      | 77,092  |   |                             |   | 51 | % |   |   | 90,591 |   |   |   | 57 | % |
| Land:                                                 |   |                                      |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Raw                land                               |   |                                      | 15,788  |   |                             |   | 10 | % |   |   | 6,580 |   |   |   | 4 | % |
| Residential                lots                       |   |                                      | 17,349  |   |                             |   | 12 | % |   |   | 19,759 |   |   |   | 13 | % |
| Land                development                       |   |                                      | 11,940  |   |                             |   | 8 | % |   |   | 9,578 |   |   |   | 6 | % |
| Commercial                lots                        |   |                                      | 28,639  |   |                             |   | 19 | % |   |   | 31,164 |   |   |   | 20 | % |
| Total                land                             |   |                                      | 73,716  |   |                             |   | 49 | % |   |   | 67,081 |   |   |   | 43 | % |
|                                                  |   |                                      |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                 |   | $                                         | 150,808 |   |                             |   | 100 | % |   | $ | 157,672 |   |   |   | 100 | % |
|                                                  |   |                                      |    |   |                             |   |   |   |   |   |   |   |   |   |   |   |

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***Non-performing      Assets***

| *(Dollars                in thousands)*                                       |   | **September                30, 2007** |   |   | **December                31, 2006** |   |
|-------------------------------------------------------------------------------|--------|---------------------------------------|--------|--------|--------------------------------------|--------|
| Total                nonaccrual loans (a)                                     |   | $                                     | 16,565 |   |                                 | $      | 4,223 |   |
| Accruing                loans delinquent 90 days or more                      |   |                                  | -      |   |                                 |   | - |   |
| Total                non-performing loans                                     |   |                                  | 16,565 |   |                                 |   | 4,223 |   |
|                                                                          |   |                                  |   |   |                                 |   |   |   |
| Repossessed                personal property (indirect auto dealer loans)     |   |                                  | 2,773  |   |                                 |   | 1,958 |   |
| Other                real estate owned                                        |   |                                  | 186    |   |                                 |   | - |   |
| Other                assets (b)                                               |   |                                  | 2,912  |   |                                 |   | 2,861 |   |
| Total  non-performing                assets                         |   | $                                     | 22,436 |   |                                 | $      | 9,042 |   |
|                                                                          |   |                                  |   |   |                                 |   |   |   |
| Allowance                for loan losses                                      |   | $                                     | 11,613 |   |                                 | $      | 9,581 |   |
|                                                                          |   |                                  |   |   |                                 |   |   |   |
| Non-performing                loans as a percent of gross loans               |   |                                  | 1.50   | %      |                                 |   | 0.40 | % |
| Non-performing                assets as a percent of total assets             |   |                                  | 1.61   | %      |                                 |   | 0.69 | % |
| Allowance                for loan losses as a percent of non-performing loans |   |                                  | 70     | %      |                                 |   | 227 | % |
| Net                charge-offs as a percent of average loans (c)              |   |                                  | 0.26   | %      |                                 |   | 0.15 | % |
|                                                                          |   |                                  |   |   |                                 |   |   |   |

| (a) | Non-performing                loans include the $1.6 million loan discussed below that is guaranteed                for                both principal and interest by the U.S. Department of Agriculture                (USDA).                In December 2006, the Bank stopped accruing interest on this loan                pursuant                to a ruling made by the USDA. Nonaccrual loans are as                follows: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                                                           |   | **September                30, 2007** |   |   | **December                31, 2006** |   |
|--------|----------------------------------------------------------------|--------|---------------------------------------|--------|--------|--------------------------------------|--------|
|   | **Collateral                Description**                      |   | **Number****of                Loans** |   |   | **Outstanding****Balance**           |   |   | **Number****of                Loans** |   |   | **Outstanding****Balance** |   |
|   |                  Residential 1-4 family                   |   |                                  | 6      |   |                                 | $      | 4,709 |   |   |   | 2 |   |   | $ | 150 |   |
|   |                  Commercial and agricultural              |   |                                  | 4      |   |                                 |   | 965 |   |   |   | 1 |   |   |   | 142 |   |
|   |                  Commercial real estate                   |   |                                  | 4      |   |                                 |   | 2,282 |   |   |   | 1 |   |   |   | 396 |   |
|   |                  Residential land development             |   |                                  | 1      |   |                                 |   | 3,921 |   |   |   | - |   |   |   | - |   |
|   |                  Participations in residential loan pools |   |                                  | 9      |   |                                 |   | 1,314 |   |   |   | - |   |   |   | - |   |
|   |                  Government guaranteed loan               |   |                                  | 1      |   |                                 |   | 1,641 |   |   |   | 1 |   |   |   | 1,641 |   |
|   |                  Indirect auto-dealer loans               |   |                                  | 134    |   |                                 |   | 1,733 |   |   |   | 156 |   |   |   | 1,894 |   |
|   |                                                           |   |                                  |   |   |                                 | $      | 16,565 |   |   |   |   |   |   | $ | 4,233 |   |

| (b) | In                1998, the Bank made a $10.0 million loan to construct a lumber mill                in                northern Florida. Of this amount, $6.4 million had been sold by the                Bank                to other lenders. The loan was 80% guaranteed as to principal and                interest                by the USDA. In addition to business real estate and equipment, the                loan                was collateralized by the business owner’s interest in a trust. Under                provisions of the trust agreement, beneficiaries cannot receive trust                assets until November 2010. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (c) | This                ratio is computed by dividing annualized net charge offs for the                nine                months ended September 30, 2007 and net charge offs for the twelve                months                ended December 31, 2006, by the average balance of loans outstanding                for                the nine months ended September 30, 2007 and by the average balance                of                loans outstanding for the year ended December 31, 2006,                respectively. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                             |   | **September                30,****2007** |   |   | **December                31,****2006** |   |
|------------------------------------------------------------------|--------|------------------------------------------|--------|--------|-----------------------------------------|--------|
| Loans                with no allocated allowance for loan losses |   | $                                        | 122    |   |                                    | $      | 519 |   |
| Loans                with allocated allowance for loan losses    |   |                                     | 2,403  |   |                                    |   | 142 |   |
| Total                                                            |   | $                                        | 2,525  |   |                                    | $      | 661 |   |
|                                                             |   |                                     |   |   |                                    |   |   |   |
| Amount                of the allowance for loan losses allocated |   | $                                        | 714    |   |                                    | $      | 45 |   |
|                                                             |   |                                     |   |   |                                    |   |   |   |

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**Capital      and Liquidity**

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Table          of Contents

**Asset      and Liability Management**

| *(Dollars                in thousands)*                                                              |   | **3                Months****or                Less** |     |   | **4                to 6****Months** |   |     | **7                to 12****Months** |   |   | **1                to 5****Years** |   |   | **Over                5****Years** |    |   | **Total** |   |
|------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------|----------|--------|-------------------------------------|--------|----------|--------------------------------------|--------|--------|------------------------------------|--------|--------|------------------------------------|---------|--------|-----------|--------|
| **Interest-earning                assets:**                                                          |   |                                                  |     |   |                                |   |     |                                 |   |   |                               |   |   |                               |    |   |      |   |
| Loans                                                                                                |   | $                                                     | 325,413  |   |                                | $      | 57,422   |                                 |   | $      | 100,089                            |   |   | $                                  | 502,603 |   |      | $      | 118,438 |   |   | $ | 1,103,965 |   |
| Investment                securities-taxable                                                         |   |                                                  | 52,307   |   |                                |   | 712      |                                 |   |   | 14,227                             |   |   |                               | 29,617  |   |      |   | 53,230 |   |   |   | 150,093 |   |
| Investment                securities-tax exempt                                                      |   |                                                  | 1,414    |   |                                |   | 1,267    |                                 |   |   | 885                                |   |   |                               | 365     |   |      |   | 6,198 |   |   |   | 10,129 |   |
| Marketable                equity securities                                                          |   |                                                  | 2,634    |   |                                |   | -        |                                 |   |   | -                                  |   |   |                               | -       |   |      |   | - |   |   |   | 2,634 |   |
| FHLB                stock                                                                            |   |                                                  | 9,331    |   |                                |   | -        |                                 |   |   | -                                  |   |   |                               | -       |   |      |   | - |   |   |   | 9,331 |   |
| Federal                funds sold and securities purchased under agreements to                resell |   |                                                  | 29,439   |   |                                |   | -        |                                 |   |   | -                                  |   |   |                               | -       |   |      |   | - |   |   |   | 29,439 |   |
| Interest-bearing                deposit in other banks                                               |   |                                                  | 204      |   |                                |   | -        |                                 |   |   | -                                  |   |   |                               | -       |   |      |   | - |   |   |   | 204 |   |
| Total                interest-earning assets                                                         |   |                                                  | 420,742  |   |                                |   | 59,401   |                                 |   |   | 115,201                            |   |   |                               | 532,585 |   |      |   | 177,866 |   |   |   | 1,305,795 |   |
|                                                                                                 |   |                                                  |     |   |                                |   |     |                                 |   |   |                               |   |   |                               |    |   |      |   |   |   |   |   |   |   |
| **Interest-bearing                liabilities:**                                                     |   |                                                  |     |   |                                |   |     |                                 |   |   |                               |   |   |                               |    |   |      |   |   |   |   |   |   |   |
| NOW                accounts                                                                          |   |                                                  | 136,892  |   |                                |   | -        |                                 |   |   | -                                  |   |   |                               | -       |   |      |   | - |   |   |   | 136,892 |   |
| Money                market                                                                          |   |                                                  | 185,789  |   |                                |   | -        |                                 |   |   | -                                  |   |   |                               | -       |   |      |   | - |   |   |   | 185,789 |   |
| Savings                deposits                                                                      |   |                                                  | 55,675   |   |                                |   | -        |                                 |   |   | -                                  |   |   |                               | -       |   |      |   | - |   |   |   | 55,675 |   |
| Time                deposits                                                                         |   |                                                  | 129,557  |   |                                |   | 106,582  |                                 |   |   | 162,293                            |   |   |                               | 86,168  |   |      |   | - |   |   |   | 484,600 |   |
| Subordinated                debentures                                                               |   |                                                  | 25,000   |   |                                |   | -        |                                 |   |   | -                                  |   |   |                               | -       |   |      |   | 8,000 |   |   |   | 33,000 |   |
| Other                borrowings                                                                      |   |                                                  | 190,127  |   |                                |   | 5,000    |                                 |   |   | 30,000                             |   |   |                               | -       |   |      |   | - |   |   |   | 225,127 |   |
| Total                interest-bearing liabilities                                                    |   |                                                  | 723,040  |   |                                |   | 111,582  |                                 |   |   | 192,293                            |   |   |                               | 86,168  |   |      |   | 8,000 |   |   |   | 1,121,083 |   |
|                                                                                                 |   |                                                  |     |   |                                |   |     |                                 |   |   |                               |   |   |                               |    |   |      |   |   |   |   |   |   |   |
| Interest                sensitivity gap                                                              |   | $                                                     | (302,298 | )      |                                | $      | (52,181  | )                                    |   | $      | (77,092                            | )      |   | $                                  | 446,417 |   |      | $      | 169,866 |   |   | $ | 184,712 |   |
|                                                                                                 |   |                                                  |     |   |                                |   |     |                                 |   |   |                               |   |   |                               |    |   |      |   |   |   |   |   |   |   |
| Cumulative                interest sensitivity gap                                                   |   | $                                                     | (302,298 | )      |                                | $      | (354,479 | )                                    |   | $      | (431,571                           | )      |   | $                                  | 14,846  |   |      | $      | 184,712 |   |   | $ | 184,712 |   |
|                                                                                                 |   |                                                  |     |   |                                |   |     |                                 |   |   |                               |   |   |                               |    |   |      |   |   |   |   |   |   |   |
| Cumulative                sensitivity ratio                                                          |   |                                                  | (23.2    | %)     |                                |   | (27.1    | %)                                   |   |   | (33.1                              | %)     |   |                               | 1.1     | %      |      |   | 14.1 | % |   |   | 14.1 | % |
|                                                                                                 |   |                                                  |     |   |                                |   |     |                                 |   |   |                               |   |   |                               |    |   |      |   |   |   |   |   |   |   |

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**Commitments**

**Item      3.  Quantitative and Qualitative Disclosures About      Market Risk**

**Item      4.  Controls and      Procedures**

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**PART      II.  OTHER INFORMATION**

**Item      1a. Risk Factors**

*Uncertainty      and      volatility in financial markets may affect the market values of financial      assets*

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

**Item      5.  Other Information**

**Item      6.  Exhibits**

|   | Exhibit              10.1 -   |   | Second              Amendment dated November 7, 2007 to              the Employment Agreement for Alma Shuckhart                                    |
|--------|-------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Exhibit                31.1 - |   | Chief                Executive Officer’s certification                required under Section 302 of Sarbanes-Oxley Act of                2002 |
|   | Exhibit                31.2 - |   | Chief                Financial Officer’s certification                required under Section 302 of Sarbanes-Oxley Act of                2002 |
|   | Exhibit                32.1 - |   | Chief                Executive Officer’s certification                required under Section 906 of Sarbanes-Oxley Act of                2002 |
|   | Exhibit                32.2 - |   | Chief                Financial Officer’s certification                required under Section 906 of Sarbanes-Oxley Act of                2002 |
|   |                          |   |                                                                                                                                                |

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**SIGNATURES**

|                                                         |   | TIB                FINANCIAL CORP.                                                                                   |
|--------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------|
|   Date:  November                9, 2007 |   |     /s/                Edward V. Lett                                                            |
|                                                         |   | Edward                V. LettPresident                and Chief Executive Officer                                    |
|                                                         |   |                                                                                                                 |
|   Date:  November                9, 2007 |   |     /s/                Stephen J. Gilhooly                                                       |
|                                                         |   | Stephen                J. GilhoolyExecutive                Vice President and Chief Financial                Officer |