----

----

| For                  the Quarterly Period Ended |   | Commission                  File Number |
|-------------------------------------------------|--------|-----------------------------------------|
| September                  30, 2005             |   | 000-21329                               |

| TIB                    FINANCIAL CORP.                                                       |
|----------------------------------------------------------------------------------------------|
| (Exact                    name of registrant as specified in its                    charter) |

| 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)         |

| Not                    Applicable                                                                                                           |
|---------------------------------------------------------------------------------------------------------------------------------------------|
| (Former                    name, former address and former fiscal year, if changed since                    last                    report) |

| Common                  Stock, $0.10 Par Value |   | 5,762,262                                           |
|------------------------------------------------|--------|-----------------------------------------------------|
| Class                                          |   | Outstanding                  as of October 31, 2005 |

----

----

----

**Part        I.     FINANCIAL INFORMATION **

**Item        1. Financial Statements**

**TIB        FINANCIAL CORP.**

**CONSOLIDATED        BALANCE SHEETS**

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

|                                                                                                                                                  |   | **September                  30, 2005** |      | **December                  31, 2004** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|-----------|----------------------------------------|--------|
| **ASSETS**                                                                                                                                            |   | **(Unaudited)**                         |      |                                   |   |
| Cash                  and due from banks                                                                                                              |   | $                                       | 17,981    |                                   | $      | 27,410 |   |
| Federal                  funds sold                                                                                                                   |   |                                    | 61,164    |                                   |   | 15,528 |   |
| Cash                  and cash equivalents                                                                                                            |   |                                    | 79,145    |                                   |   | 42,938 |   |
|                                                                                                                                                  |   |                                    |      |                                   |   |   |   |
| Investment                  securities available for sale                                                                                             |   |                                    | 94,548    |                                   |   | 77,807 |   |
|                                                                                                                                                  |   |                                    |      |                                   |   |   |   |
| Loans,                  net of deferred loan costs and fees                                                                                           |   |                                    | 828,081   |                                   |   | 655,678 |   |
| Less:                  allowance for loan losses                                                                                                      |   |                                    | 7,153     |                                   |   | 6,243 |   |
| Loans,                  net                                                                                                                           |   |                                    | 820,928   |                                   |   | 649,435 |   |
|                                                                                                                                                  |   |                                    |      |                                   |   |   |   |
| Premises                  and equipment, net                                                                                                          |   |                                    | 26,718    |                                   |   | 27,559 |   |
| Goodwill                                                                                                                                              |   |                                    | 155       |                                   |   | 155 |   |
| Intangible                  assets, net                                                                                                               |   |                                    | 1,172     |                                   |   | 1,392 |   |
| Accrued                  interest receivable and other assets                                                                                         |   |                                    | 31,228    |                                   |   | 30,039 |   |
| **TOTAL                  ASSETS**                                                                                                                     |   | $                                       | 1,053,894 |                                   | $      | 829,325 |   |
|                                                                                                                                                  |   |                                    |      |                                   |   |   |   |
|                                                                                                                                                  |   |                                    |      |                                   |   |   |   |
| **LIABILITIES**                                                                                                                                       |   |                                    |      |                                   |   |   |   |
| Deposits:                                                                                                                                             |   |                                    |      |                                   |   |   |   |
| Noninterest-bearing                  demand                                                                                                           |   | $                                       | 166,821   |                                   | $      | 152,035 |   |
| Interest-bearing                                                                                                                                      |   |                                    | 746,524   |                                   |   | 535,824 |   |
| Total                  deposits                                                                                                                       |   |                                    | 913,345   |                                   |   | 687,859 |   |
| Federal                  Home Loan Bank (FHLB) advances                                                                                               |   |                                    | 25,000    |                                   |   | 35,000 |   |
| Short-term                  borrowings                                                                                                                |   |                                    | 13,827    |                                   |   | 12,157 |   |
| Long-term                  borrowings                                                                                                                 |   |                                    | 17,000    |                                   |   | 18,250 |   |
| Accrued                  interest payable and other liabilities                                                                                       |   |                                    | 12,711    |                                   |   | 7,945 |   |
| **TOTAL                  LIABILITIES**                                                                                                                |   |                                    | 981,883   |                                   |   | 761,211 |   |
|                                                                                                                                                  |   |                                    |      |                                   |   |   |   |
| **SHAREHOLDERS’                  EQUITY**                                                                                                       |   |                                    |      |                                   |   |   |   |
| Preferred                  stock - no par value: 5,000,000 shares authorized, no shares                  issued                                       |   |                                    | -         |                                   |   | - |   |
| Common                  stock - $.10 par value: 20,000,000 shares authorized, 5,761,746                  and                  5,679,239 shares issued |   |                                    | 576       |                                   |   | 568 |   |
| Additional                  paid in capital                                                                                                           |   |                                    | 40,096    |                                   |   | 38,284 |   |
| Deferred                  compensation - restricted stock grants                                                                                      |   |                                    | (1,051    | )                                      |   | - |   |
| Retained                  earnings                                                                                                                    |   |                                    | 32,778    |                                   |   | 28,968 |   |
| Accumulated                  other comprehensive income (loss)                                                                                        |   |                                    | (388      | )                                      |   | 294 |   |
| **TOTAL                  SHAREHOLDERS’ EQUITY**                                                                                                 |   |                                    | 72,011    |                                   |   | 68,114 |   |
|                                                                                                                                                  |   |                                    |      |                                   |   |   |   |
| **TOTAL                  LIABILITIES AND SHAREHOLDERS’ EQUITY**                                                                                 |   | $                                       | 1,053,894 |                                   | $      | 829,325 |   |

----

**TIB        FINANCIAL CORP.**

**CONSOLIDATED        STATEMENTS OF INCOME**

**(Unaudited)**

**(dollars        in thousands, except earnings per share amounts)**

|                                                                     |   | **Three                  months ended****September                  30,** |   | **Nine                  months ended****September                  30,** |   |
|--------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------|
| **INTEREST                  AND DIVIDEND INCOME**                        |   | **2005**                                                                  |   | **2004**                                                                 |   | **2005** |   | **2004** |   |
| Loans,                  including fees                                   |   | $                                                                         | 14,221 |                                                                     | $      | 9,648 |   | $ | 38,465 |   | $ | 27,208 |   |
| Investment                  securities:                                  |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| Taxable                                                                  |   |                                                                      | 767    |                                                                     |   | 664 |   |   | 2,111 |   |   | 1,708 |   |
| Tax                  exempt                                              |   |                                                                      | 160    |                                                                     |   | 173 |   |   | 481 |   |   | 498 |   |
| Interest                  bearing deposits in other bank                 |   |                                                                      | 2      |                                                                     |   | 4 |   |   | 8 |   |   | 9 |   |
| Federal                  Home Loan Bank Stock                            |   |                                                                      | 23     |                                                                     |   | 16 |   |   | 81 |   |   | 40 |   |
| Federal                  funds sold                                      |   |                                                                      | 330    |                                                                     |   | 23 |   |   | 928 |   |   | 102 |   |
| **TOTAL                  INTEREST AND DIVIDEND INCOME**                  |   |                                                                      | 15,503 |                                                                     |   | 10,528 |   |   | 42,074 |   |   | 29,565 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **INTEREST                  EXPENSE**                                    |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| Deposits                                                                 |   |                                                                      | 4,674  |                                                                     |   | 2,231 |   |   | 11,670 |   |   | 6,103 |   |
| Federal                  Home Loan Bank advances                         |   |                                                                      | 227    |                                                                     |   | 95 |   |   | 595 |   |   | 259 |   |
| Short-term                  borrowings                                   |   |                                                                      | 109    |                                                                     |   | 19 |   |   | 292 |   |   | 40 |   |
| Long-term                  borrowings                                    |   |                                                                      | 399    |                                                                     |   | 402 |   |   | 1,173 |   |   | 1,193 |   |
| **TOTAL                  INTEREST EXPENSE**                              |   |                                                                      | 5,409  |                                                                     |   | 2,747 |   |   | 13,730 |   |   | 7,595 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **NET                  INTEREST INCOME**                            |   |                                                                      | 10,094 |                                                                     |   | 7,781 |   |   | 28,344 |   |   | 21,970 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **PROVISION                  FOR LOAN LOSSES**                           |   |                                                                      | 448    |                                                                     |   | 471 |   |   | 1,764 |   |   | 1,489 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **NET                  INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES** |   |                                                                      | 9,646  |                                                                     |   | 7,310 |   |   | 26,580 |   |   | 20,481 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **NON-INTEREST                  INCOME**                                 |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| Service                  charges on deposit accounts                     |   |                                                                      | 601    |                                                                     |   | 619 |   |   | 1,776 |   |   | 1,900 |   |
| Investment                  securities gains, net                        |   |                                                                      | 1      |                                                                     |   | 7 |   |   | 1 |   |   | 103 |   |
| Merchant                  bankcard processing income                     |   |                                                                      | 1,261  |                                                                     |   | 1,221 |   |   | 4,919 |   |   | 4,515 |   |
| Fees                  on mortgage loans sold                             |   |                                                                      | 461    |                                                                     |   | 363 |   |   | 1,535 |   |   | 1,406 |   |
| Other                  income                                            |   |                                                                      | 491    |                                                                     |   | 433 |   |   | 1,557 |   |   | 1,323 |   |
| **TOTAL                  NON-INTEREST INCOME**                           |   |                                                                      | 2,815  |                                                                     |   | 2,643 |   |   | 9,788 |   |   | 9,247 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **NON-INTEREST                  EXPENSE**                                |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| Salaries                  and employee benefits                          |   |                                                                      | 4,608  |                                                                     |   | 3,699 |   |   | 13,230 |   |   | 10,755 |   |
| Net                  occupancy expense                                   |   |                                                                      | 1,386  |                                                                     |   | 1,212 |   |   | 4,011 |   |   | 3,525 |   |
| Other                  expense                                           |   |                                                                      | 3,289  |                                                                     |   | 3,013 |   |   | 10,165 |   |   | 9,591 |   |
| **TOTAL                  NON-INTEREST EXPENSE**                          |   |                                                                      | 9,283  |                                                                     |   | 7,924 |   |   | 27,406 |   |   | 23,871 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **INCOME                  BEFORE INCOME TAX EXPENSE**                    |   |                                                                      | 3,178  |                                                                     |   | 2,029 |   |   | 8,962 |   |   | 5,857 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **INCOME                  TAX EXPENSE**                                  |   |                                                                      | 1,124  |                                                                     |   | 692 |   |   | 3,177 |   |   | 1,990 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **NET                  INCOME**                                          |   | $                                                                         | 2,054  |                                                                     | $      | 1,337 |   | $ | 5,785 |   | $ | 3,867 |   |
|                                                                     |   |                                                                      |   |                                                                     |   |   |   |   |   |   |   |   |   |
| **BASIC                  EARNINGS PER SHARE:**                           |   | $                                                                         | 0.36   |                                                                     | $      | 0.24 |   | $ | 1.01 |   | $ | 0.75 |   |
| **DILUTED                  EARNINGS PER SHARE:**                         |   | $                                                                         | 0.35   |                                                                     | $      | 0.23 |   | $ | 0.98 |   | $ | 0.72 |   |

----

**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 |         | Deferred                  Compensation Restricted Stock Grants |   | Retained                  Earnings |   | Accumulated                  Other Comprehensive Income (Loss) |         | Total                  Shareholders’ Equity |   |
|----------------------------------------------------------------------------------------------------|--------|--------|-----------|-------------------------------|--------|---------------------------------------------|--------------|----------------------------------------------------------------|--------|------------------------------------|--------|----------------------------------------------------------------|--------------|---------------------------------------------------|--------|
| **Balance,**                  July 1, 2005                                                         |   |   | 5,712,264 |                     | $      | 571                                         |    | $                                                              | 38,715 |                          | $      | -                                                              |    | $                                                 | 31,386 |    | $ | 68 |    | $ | 70,740 |   |
| Comprehensive                  income:                                                             |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   |   |   |   |   |   |
| Net                  income                                                                        |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              | 2,054  |   |   |   |   |   | 2,054 |   |
| Other                  comprehensive income, net of tax benefit                  of $273:          |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   |   |   |   |   |   |
| Net                  market valuation adjustment                  on securities available for sale |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   | (456 | ) |   |   |   |
| Other                  comprehensive income, net of tax                                            |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   |   |   |   | (456 | ) |
| Comprehensive                  income                                                              |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   |   |   |   | 1,598 |   |
| Restricted                  stock grants                                                           |   |   | 35,000    |                          |   | 3                                           |         |                                                           | 1,087  |                               |   | (1,090                                                         | )            |                                              |   |   |   |   |   |   | - |   |
| Amortization                  of deferred compensation - restricted stock grants                   |   |   |      |                          |   |                                        |         |                                                           |   |                               |   | 39                                                             |         |                                              |   |   |   |   |   |   | 39 |   |
| Exercise                  of stock options                                                         |   |   | 14,482    |                          |   | 2                                           |         |                                                           | 197    |                               |   |                                                           |         |                                              |   |   |   |   |   |   | 199 |   |
| Income                  tax benefit from stock options exercised                                   |   |   |      |                          |   |                                        |         |                                                           | 97     |                               |   |                                                           |         |                                              |   |   |   |   |   |   | 97 |   |
| Cash                  dividends declared, $.115 per share                                          |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              | (662   | ) |   |   |   |   | (662 | ) |
| **Balance,**                  September 30, 2005                                              |   |   | 5,761,746 |                          | $      | 576                                         |         | $                                                              | 40,096 |                               | $      | (1,051                                                         | )            | $                                                 | 32,778 |   | $ | (388 | ) | $ | 72,011 |   |

|                                                                                                 |   | Shares |      | Common                  Stock |   | Additional                  Paid in Capital |         | Deferred                  Compensation Restricted Stock Grants |   | Retained                  Earnings |   | Accumulated                  Other Comprehensive Income (Loss) |         | Total                  Shareholders’ Equity |   |
|------------------------------------------------------------------------------------------------------|--------|--------|-----------|-------------------------------|--------|---------------------------------------------|--------------|----------------------------------------------------------------|--------|------------------------------------|--------|----------------------------------------------------------------|--------------|---------------------------------------------------|--------|
| **Balance,**                  July 1, 2004                                                           |   |   | 5,657,957 |                     | $      | 566                                         |    | $                                                              | 38,090 |                          | $      | -                                                              |    | $                                                 | 27,591 |    | $ | (1,081 | )  | $ | 65,166 |   |
| Comprehensive                  income:                                                               |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   |   |   |   |   |   |
| Net                  income                                                                          |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              | 1,337  |   |   |   |   |   | 1,337 |   |
| Other                  comprehensive income, net of tax expense                  of $913:            |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   |   |   |   |   |   |
| Net                  market valuation adjustment                  on securities available for sale   |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   | 1,517 |   |   |   |   |
| Less:                  reclassification adjustment for gains included                  in net income |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   | (4 | ) |   |   |   |
| Other                  comprehensive income, net of tax                                              |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   |   |   |   | 1,513 |   |
| Comprehensive                  income                                                                |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              |   |   |   |   |   |   | 2,850 |   |
| Exercise                  of stock options                                                           |   |   | 14,245    |                          |   | 1                                           |         |                                                           | 98     |                               |   |                                                           |         |                                              |   |   |   |   |   |   | 99 |   |
| Income                  tax benefit from stock options exercised                                     |   |   |      |                          |   |                                        |         |                                                           | 49     |                               |   |                                                           |         |                                              |   |   |   |   |   |   | 49 |   |
| Cash                  dividends declared, $.1125 per share                                           |   |   |      |                          |   |                                        |         |                                                           |   |                               |   |                                                           |         |                                              | (637   | ) |   |   |   |   | (637 | ) |
| **Balance,**                  September 30, 2004                                                |   |   | 5,672,202 |                          | $      | 567                                         |         | $                                                              | 38,237 |                               | $      | -                                                              |         | $                                                 | 28,291 |   | $ | 432 |   | $ | 67,527 |   |

----

|                                                                                               |   | Shares |      | Common                  Stock |   | Additional                  Paid in Capital |               | Deferred                  Compensation Restricted Stock Grants |   | Retained                  Earnings |   | Accumulated                  Other Comprehensive Income (Loss) |               | Total                  Shareholders’ Equity |   |
|----------------------------------------------------------------------------------------------------|--------|--------|-----------|-------------------------------|--------|---------------------------------------------|--------------------|----------------------------------------------------------------|--------|------------------------------------|--------|----------------------------------------------------------------|--------------------|---------------------------------------------------|--------|
| **Balance,**                  January 1, 2005                                                 |   |   | 5,679,239 |                | $      | 568                                         |     | $                                                              | 38,284 |                     | $      | -                                                              |     | $                                                 | 28,968 |     | $ | 294 |     | $ | 68,114 |   |
| Comprehensive                  income:                                                             |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   |   |   |   |   |   |
| Net                  income                                                                        |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              | 5,785  |   |   |   |   |   | 5,785 |   |
| Other                  comprehensive income, net of tax benefit                  of $409:          |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   |   |   |   |   |   |
| Net                  market valuation adjustment                  on securities available for sale |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   | (682 | ) |   |   |   |
| Other                  comprehensive income, net of tax                                            |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   |   |   |   | (682 | ) |
| Comprehensive                  income                                                              |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   |   |   |   | 5,103 |   |
| Restricted                  stock grants                                                           |   |   | 35,000    |                          |   | 3                                           |               |                                                           | 1,087  |                               |   | (1,090                                                         | )                  |                                              |   |   |   |   |   |   | - |   |
| Amortization                  of deferred compensation - restricted stock grants                   |   |   |      |                          |   |                                        |               |                                                           |   |                               |   | 39                                                             |               |                                              |   |   |   |   |   |   | 39 |   |
| Exercise                  of stock options                                                         |   |   | 47,507    |                          |   | 5                                           |               |                                                           | 535    |                               |   |                                                           |               |                                              |   |   |   |   |   |   | 540 |   |
| Income                  tax benefit from stock options exercised                                   |   |   |      |                          |   |                                        |               |                                                           | 190    |                               |   |                                                           |               |                                              |   |   |   |   |   |   | 190 |   |
| Cash                  dividends declared, $.345 per share                                          |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              | (1,975 | ) |   |   |   |   | (1,975 | ) |
| **Balance,**                  September 30, 2005                                              |   |   | 5,761,746 |                          | $      | 576                                         |               | $                                                              | 40,096 |                               | $      | (1,051                                                         | )                  | $                                                 | 32,778 |   | $ | (388 | ) | $ | 72,011 |   |

|                                                                                                 |   | Shares |      | Common                  Stock |   | Additional                  Paid in Capital |               | Deferred                  Compensation Restricted Stock Grants |   | Retained                  Earnings |   | Accumulated                  Other Comprehensive Income (Loss) |               | Total                  Shareholders’ Equity |   |
|------------------------------------------------------------------------------------------------------|--------|--------|-----------|-------------------------------|--------|---------------------------------------------|--------------------|----------------------------------------------------------------|--------|------------------------------------|--------|----------------------------------------------------------------|--------------------|---------------------------------------------------|--------|
| **Balance,**                  January 1, 2004                                                   |   |   | 4,431,328 |                | $      | 443                                         |     | $                                                              | 14,255 |                     | $      | -                                                              |     | $                                                 | 26,203 |     | $ | 345 |     | $ | 41,246 |   |
| Comprehensive                  income:                                                               |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   |   |   |   |   |   |
| Net                  income                                                                          |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              | 3,867  |   |   |   |   |   | 3,867 |   |
| Other                  comprehensive income, net of tax expense                  of $54:             |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   |   |   |   |   |   |
| Net                  market valuation adjustment                  on securities available for sale   |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   | 151 |   |   |   |   |
| Less:                  reclassification adjustment for gains included                  in net income |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   | (64 | ) |   |   |   |
| Other                  comprehensive income, net of tax                                              |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   |   |   |   | 87 |   |
| Comprehensive                  income                                                                |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              |   |   |   |   |   |   | 3,954 |   |
| Public                  offering of 1,150,000 shares                                                 |   |   | 1,150,000 |                          |   | 115                                         |               |                                                           | 23,115 |                               |   |                                                           |               |                                              |   |   |   |   |   |   | 23,230 |   |
| Exercise                  of stock options                                                           |   |   | 90,874    |                          |   | 9                                           |               |                                                           | 624    |                               |   |                                                           |               |                                              |   |   |   |   |   |   | 633 |   |
| Income                  tax benefit from stock options exercised                                     |   |   |      |                          |   |                                        |               |                                                           | 243    |                               |   |                                                           |               |                                              |   |   |   |   |   |   | 243 |   |
| Cash                  dividends declared, $.3375 per share                                           |   |   |      |                          |   |                                        |               |                                                           |   |                               |   |                                                           |               |                                              | (1,779 | ) |   |   |   |   | (1,779 | ) |
| **Balance,**                  September 30, 2004                                                |   |   | 5,672,202 |                          | $      | 567                                         |               | $                                                              | 38,237 |                               | $      | -                                                              |               | $                                                 | 28,291 |   | $ | 432 |   | $ | 67,527 |   |

----

**TIB        FINANCIAL CORP.**

**CONSOLIDATED        STATEMENTS OF CASH FLOWS**

**INCREASE        (DECREASE) IN CASH AND CASH EQUIVALENTS**

**(Unaudited)**

**(dollars        in thousands)**

|                                                                                                                                  |   | **For                    the nine month period ended**September                    30, |     |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|----------|
|                                                                                                                                  |   | **2005**                                                                               |     | **2004** |   |
| **CASH                  FLOWS FROM OPERATING ACTIVITIES**                                                                             |   |                                                                                   |     |   |   |
| Net                  Income                                                                                                           |   | $                                                                                      | 5,785    |   | $ | 3,867 |   |
| Adjustments                  to reconcile net income to net cash provided by operating                  activities:                   |   |                                                                                   |     |   |   |   |   |
| Depreciation                  and amortization                                                                                        |   |                                                                                   | 1,864    |   |   | 1,615 |   |
| Provision                  for loan losses                                                                                            |   |                                                                                   | 1,764    |   |   | 1,489 |   |
| Deferred                  income tax benefit                                                                                          |   |                                                                                   | (561     | ) |   | (98 | ) |
| Investment                  securities net gains                                                                                      |   |                                                                                   | (1       | ) |   | (103 | ) |
| Other                                                                                                                                 |   |                                                                                   | (392     | ) |   | - |   |
| Mortgage                  loans originated for sale                                                                                   |   |                                                                                   | (93,875  | ) |   | (83,534 | ) |
| Proceeds                  from sale of mortgage loans                                                                                 |   |                                                                                   | 96,495   |   |   | 83,117 |   |
| Fees                  on mortgage loans sold                                                                                          |   |                                                                                   | (1,535   | ) |   | (1,406 | ) |
| Increase                  in accrued interest receivable and other assets                                                             |   |                                                                                   | (1,005   | ) |   | (531 | ) |
| Increase                  in accrued interest payable and other liabilities                                                           |   |                                                                                   | 4,986    |   |   | 364 |   |
| **NET                  CASH PROVIDED BY OPERATING ACTIVITIES**                                                                        |   |                                                                                   | 13,525   |   |   | 4,780 |   |
|                                                                                                                                  |   |                                                                                   |     |   |   |   |   |
| **CASH                  FLOWS FROM INVESTING ACTIVITIES**                                                                             |   |                                                                                   |     |   |   |   |   |
| Purchases                  of investment securities available for sale                                                                |   |                                                                                   | (10,000  | ) |   | (38,368 | ) |
| Repayments                  of principal and maturities of investment securities available                  for                  sale |   |                                                                                   | 614      |   |   | 3,149 |   |
| Sales                  of investment securities available for sale                                                                    |   |                                                                                   | -        |   |   | 9,281 |   |
| Net                  sale of FHLB stock                                                                                               |   |                                                                                   | 129      |   |   | 1,000 |   |
| Purchase                  of life insurance policies                                                                                  |   |                                                                                   | -        |   |   | (700 | ) |
| Proceeds                  from sales of loans                                                                                         |   |                                                                                   | 60       |   |   | 569 |   |
| Loans                  originated or acquired, net of principal repayments                                                            |   |                                                                                   | (181,024 | ) |   | (79,872 | ) |
| Purchases                  of premises and equipment                                                                                  |   |                                                                                   | (2,208   | ) |   | (8,276 | ) |
| Sales                  of premises and equipment                                                                                      |   |                                                                                   | 630      |   |   | 98 |   |
| **NET                  CASH USED BY INVESTING ACTIVITIES**                                                                            |   |                                                                                   | (191,799 | ) |   | (113,119 | ) |
|                                                                                                                                  |   |                                                                                   |     |   |   |   |   |
| **CASH                  FLOWS FROM FINANCING ACTIVITIES**                                                                             |   |                                                                                   |     |   |   |   |   |
| Net                  increase in federal funds purchased and securities sold under agreements                  to repurchase          |   |                                                                                   | 1,670    |   |   | 5,312 |   |
| Net                  increase (repayment) of FHLB short-term advances                                                                 |   |                                                                                   | (10,000  | ) |   | 10,000 |   |
| Repayments                  of FHLB long-term advances                                                                                |   |                                                                                   | -        |   |   | (30,000 | ) |
| Repayments                  of notes payable                                                                                          |   |                                                                                   | (1,250   | ) |   | - |   |
| Net                  increase in demand, money market and savings accounts                                                            |   |                                                                                   | 30,359   |   |   | 43,562 |   |
| Net                  increase in time deposits                                                                                        |   |                                                                                   | 195,127  |   |   | 40,924 |   |
| Proceeds                  from exercise of stock options                                                                              |   |                                                                                   | 540      |   |   | 633 |   |
| Proceeds                  from public offering of common stock                                                                        |   |                                                                                   | -        |   |   | 23,230 |   |
| Cash                  dividends paid                                                                                                  |   |                                                                                   | (1,965   | ) |   | (1,640 | ) |
| **NET                  CASH PROVIDED BY FINANCING ACTIVITIES**                                                                        |   |                                                                                   | 214,481  |   |   | 92,021 |   |
|                                                                                                                                  |   |                                                                                   |     |   |   |   |   |
| **NET                  INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS**                                                             |   |                                                                                   | 36,207   |   |   | (16,318 | ) |
| **CASH                  AND CASH EQUIVALENTS AT BEGINNING OF PERIOD**                                                                 |   |                                                                                   | 42,938   |   |   | 33,681 |   |
| **CASH                  AND CASH EQUIVALENTS AT END OF PERIOD**                                                                       |   | $                                                                                      | 79,145   |   | $ | 17,363 |   |
|                                                                                                                                  |   |                                                                                   |     |   |   |   |   |
| **SUPPLEMENTAL                  DISCLOSURES OF CASH FLOWS:**                                                                          |   |                                                                                   |     |   |   |   |   |
| Cash                  paid for:                                                                                                       |   |                                                                                   |     |   |   |   |   |
| Interest                                                                                                                              |   | $                                                                                      | 12,466   |   | $ | 8,276 |   |
| Income                  taxes                                                                                                         |   |                                                                                   | 3,530    |   |   | 2,265 |   |

----

**TIB        FINANCIAL CORP.**

**UNAUDITED        CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**September        30, 2005**

**(In        thousands except for share and per share amounts)**

**NOTE        1 - BASIS OF PRESENTATION & ACCOUNTING POLICIES**

**CRITICAL        ACCOUNTING POLICIES**

**Allowance        for Loan Losses**

**Earnings        Per Common Share **

**NOTE        2 - ACQUISITIONS AND DIVESTITURES**

----

**NOTE        3 - INVESTMENT SECURITIES**

|                                                          |   | September                  30, 2005 |   |
|---------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                          |   | Amortized                           |   | Unrealized |   | Unrealized |   | Estimated |   |
| (dollars                  in thousands)                       |   | Cost                                |   | Gains |   | Losses |   | Fair                  Value |   |
| U.S.                  Treasury securities                     |   | $                                   | 5,181  |   | $ | 2 |   | $ | 116 |   | $ | 5,067 |   |
| U.S.                  Government agencies and corporations    |   |                                | 64,166 |   |   | 20 |   |   | 1,373 |   |   | 62,813 |   |
| States                  and political subdivisions-tax-exempt |   |                                | 9,594  |   |   | 129 |   |   | 45 |   |   | 9,678 |   |
| States                  and political subdivisions-taxable    |   |                                | 2,655  |   |   | 21 |   |   | - |   |   | 2,676 |   |
| Marketable                  equity securities                 |   |                                | 3,000  |   |   | 419 |   |   | - |   |   | 3,419 |   |
| Mortgage-backed                  securities                   |   |                                | 10,573 |   |   | 322 |   |   | - |   |   | 10,895 |   |
|                                                          |   | $                                   | 95,169 |   | $ | 913 |   | $ | 1,534 |   | $ | 94,548 |   |

|                                                          |   | December                  31, 2004 |   |
|---------------------------------------------------------------|--------|------------------------------------|--------|
|                                                          |   | Amortized                          |   | Unrealized |   | Unrealized |   | Estimated |   |
| (dollars                  in thousands)                       |   | Cost                               |   | Gains |   | Losses |   | Fair                  Value |   |
| U.S.                  Treasury securities                     |   | $                                  | 5,178  |   | $ | 5 |   | $ | 29 |   | $ | 5,154 |   |
| U.S.                  Government agencies and corporations    |   |                               | 54,228 |   |   | 104 |   |   | 869 |   |   | 53,463 |   |
| States                  and political subdivisions-tax-exempt |   |                               | 9,596  |   |   | 246 |   |   | 26 |   |   | 9,816 |   |
| States                  and political subdivisions-taxable    |   |                               | 2,862  |   |   | 17 |   |   | 23 |   |   | 2,856 |   |
| Marketable                  equity securities                 |   |                               | 3,000  |   |   | 987 |   |   | - |   |   | 3,987 |   |
| Mortgage-backed                  securities                   |   |                               | 2,473  |   |   | 58 |   |   | - |   |   | 2,531 |   |
|                                                          |   | $                                  | 77,337 |   | $ | 1,417 |   | $ | 947 |   | $ | 77,807 |   |

**NOTE        4 - LOANS**

| (dollars                  in thousands)                     |   | September                  30, 2005 |    | December                  31, 2004 |   |
|-------------------------------------------------------------|--------|-------------------------------------|---------|------------------------------------|--------|
|                                                        |   |                                |    |                               |   |
| Real                  estate mortgage loans:                |   |                                |    |                               |   |
| Commercial                                                  |   | $                                   | 428,314 |                               | $      | 351,346 |   |
| Residential                                                 |   |                                | 73,474  |                               |   | 67,204 |   |
| Farmland                                                    |   |                                | 3,991   |                               |   | 4,971 |   |
| Construction                  and vacant land               |   |                                | 106,015 |                               |   | 49,815 |   |
| Commercial                  and agricultural loans          |   |                                | 74,202  |                               |   | 64,622 |   |
| Indirect                  auto dealer loans                 |   |                                | 113,639 |                               |   | 91,890 |   |
| Home                  equity loans                          |   |                                | 17,220  |                               |   | 13,856 |   |
| Other                  consumer loans                       |   |                                | 9,428   |                               |   | 9,817 |   |
| Total                  loans                                |   |                                | 826,283 |                               |   | 653,521 |   |
| Net                  deferred loan costs                    |   |                                | 1,798   |                               |   | 2,157 |   |
| Loans,                  net of deferred loan costs and fees |   | $                                   | 828,081 |                               | $      | 655,678 |   |

----

**NOTE        5 - ALLOWANCE FOR LOAN LOSSES**

| (dollars                  in thousands)                       |   | 2005   |   | 2004   |   |
|---------------------------------------------------------------|--------|--------|--------|--------|--------|
| Balance,                  January 1                           |   | $      | 6,243  |   | $      | 5,216 |   |
| Provision                  for loan losses charged to expense |   |   | 1,764  |   |   | 1,489 |   |
| Loans                  charged off                            |   |   | (923   | )      |   | (654 | ) |
| Recoveries                  of loans previously charged off   |   |   | 69     |   |   | 38 |   |
| Balance,                  September 30                        |   | $      | 7,153  |   | $      | 6,089 |   |

**NOTE        **
**6        - EARNINGS PER SHARE AND COMMON STOCK**

|                                                      |   | 2005   |      | 2004   |   |
|-----------------------------------------------------------|--------|--------|-----------|--------|--------|
| For                  the three months ended September 30: |   |   |      |   |   |
| Basic                                                     |   |   | 5,714,717 |   |   | 5,660,075 |   |
| Dilutive                  effect of options outstanding   |   |   | 199,823   |   |   | 146,658 |   |
| Diluted                                                   |   |   | 5,914,540 |   |   | 5,806,733 |   |
|                                                      |   |   |      |   |   |   |   |
| For                  the nine months ended September 30:  |   |   |      |   |   |   |   |
| Basic                                                     |   |   | 5,703,907 |   |   | 5,187,456 |   |
| Dilutive                  effect of options outstanding   |   |   | 186,715   |   |   | 168,830 |   |
| Diluted                                                   |   |   | 5,890,622 |   |   | 5,356,286 |   |

**NOTE        7 - STOCK-BASED COMPENSATION**

----

| For                  the three months ended September 30,                                                                                |   |   |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| (dollars                  in thousands, except per share amounts)                                                                        |   | 2005   |   | 2004   |   |
|                                                                                                                                     |   |   |   |   |   |
| Net                  income, as reported                                                                                                 |   | $      | 2,054  |   | $      | 1,337 |   |
| Stock-based                  compensation expense determined under fair value based method,                  net of                  tax |   |   | 57     |   |   | 48 |   |
| Pro                  forma net income                                                                                                    |   | $      | 1,997  |   | $      | 1,289 |   |
|                                                                                                                                     |   |   |   |   |   |   |   |
| Basic                  earnings per share as reported                                                                                    |   | $      | 0.36   |   | $      | 0.24 |   |
| Pro                  forma basic earnings per share                                                                                      |   |   | 0.35   |   |   | 0.23 |   |
| Diluted                  earnings per share as reported                                                                                  |   |   | 0.35   |   |   | 0.23 |   |
| Pro                  forma diluted earnings per share                                                                                    |   |   | 0.34   |   |   | 0.22 |   |

| For                  the nine months ended September 30,                                                                                 |   |   |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| (dollars                  in thousands, except per share amounts)                                                                        |   | 2005   |   | 2004   |   |
|                                                                                                                                     |   |   |   |   |   |
| Net                  income, as reported                                                                                                 |   | $      | 5,785  |   | $      | 3,867 |   |
| Stock-based                  compensation expense determined under fair value based method,                  net of                  tax |   |   | 184    |   |   | 166 |   |
| Pro                  forma net income                                                                                                    |   | $      | 5,601  |   | $      | 3,701 |   |
|                                                                                                                                     |   |   |   |   |   |   |   |
| Basic                  earnings per share as reported                                                                                    |   | $      | 1.01   |   | $      | 0.75 |   |
| Pro                  forma basic earnings per share                                                                                      |   |   | 0.98   |   |   | 0.71 |   |
| Diluted                  earnings per share as reported                                                                                  |   |   | 0.98   |   |   | 0.72 |   |
| Pro                  forma diluted earnings per share                                                                                    |   |   | 0.95   |   |   | 0.69 |   |

**NOTE        8 - CAPITAL ADEQUACY**

|                                                      | Well Capitalized                  Requirement | Adequately                  Capitalized                  Requirement | September                  30, 2005 Actual | December                  31, 2004 Actual |
|-----------------------------------------------------------|----------------------------------------------------|----------------------------------------------------------------------|--------------------------------------------|-------------------------------------------|
| Tier                  1 Capital (to Average Assets)       |                                               |                                                                 |                                       |                                      |
| Consolidated                                              | >5%                                             | >4%                                                               | 8.3%                                       | 10.0%                                     |
| Bank                                                      | >5%                                             | >4%                                                               | 8.7%                                       | 10.5%                                     |
|                                                      |                                               |                                                                 |                                       |                                      |
| Tier                  1 Capital (to Risk Weighted Assets) |                                               |                                                                 |                                       |                                      |
| Consolidated                                              | >6%                                             | >4%                                                               | 9.5%                                       | 10.9%                                     |
| Bank                                                      | >6%                                             | >4%                                                               | 9.9%                                       | 11.4%                                     |
|                                                      |                                               |                                                                 |                                       |                                      |
| Total                  Capital (to Risk Weighted Assets)  |                                               |                                                                 |                                       |                                      |
| Consolidated                                              | >10%                                            | >8%                                                               | 10.8%                                      | 12.6%                                     |
| Bank                                                      | >10%                                            | >8%                                                               | 10.7%                                      | 12.4%                                     |

----

**NOTE        9 - SEGMENT REPORTING**

|  Nine                  months ended September                  30, 2005 |   | Community                  Banking |      | Merchant                  Bankcard                  Processing |   | Parent                  And                  Other |   | Totals |   |
|------------------------------------------------------------------------------|--------|------------------------------------|-----------|----------------------------------------------------------------|--------|----------------------------------------------------|--------|--------|--------|
|                                                                         |   |                               |      |                                                           |   |                                               |   |   |   |
| Interest                  and dividend income                                |   | $                                  | 42,074    |                                                           | $      | -                                                  |   | $      | -      |   | $ | 42,074 |   |
| Interest                  expense                                            |   |                               | 12,557    |                                                           |   | -                                                  |   |   | 1,173  |   |   | 13,730 |   |
| Net                  interest and dividend income                            |   |                               | 29,517    |                                                           |   | -                                                  |   |   | (1,173 | ) |   | 28,344 |   |
| Other                  income                                                |   |                               | 4,841     |                                                           |   | 4,919                                              |   |   | 28     |   |   | 9,788 |   |
| Depreciation                  and amortization                               |   |                               | 1,858     |                                                           |   | 6                                                  |   |   | -      |   |   | 1,864 |   |
| Other                  expense                                               |   |                               | 22,850    |                                                           |   | 4,125                                              |   |   | 331    |   |   | 27,306 |   |
| Pretax                  segment profit (loss)                                |   | $                                  | 9,650     |                                                           | $      | 788                                                |   | $      | (1,476 | ) | $ | 8,962 |   |
|                                                                         |   |                               |      |                                                           |   |                                               |   |   |   |   |   |   |   |
| Segment                  Assets                                              |   | $                                  | 1,052,947 |                                                           | $      | 548                                                |   | $      | 399    |   | $ | 1,053,894 |   |

|  Nine                  months ended September                  30, 2004 |   |  Community                  Banking |    | Merchant                  Bankcard                  Processing |   | Parent                  and                  Other |   | Totals |   |
|-----------------------------------------------------------------------------------|--------|------------------------------------------|---------|----------------------------------------------------------------|--------|----------------------------------------------------|--------|--------|--------|
|                                                                              |   |                                     |    |                                                           |   |                                               |   |   |   |
| Interest                  and dividend income                                     |   | $                                        | 29,565  |                                                           | $      | -                                                  |   | $      | -      |   | $ | 29,565 |   |
| Interest                  expense                                                 |   |                                     | 6,402   |                                                           |   | -                                                  |   |   | 1,193  |   |   | 7,595 |   |
| Net                  interest and dividend income                                 |   |                                     | 23,163  |                                                           |   | -                                                  |   |   | (1,193 | ) |   | 21,970 |   |
| Other                  income                                                     |   |                                     | 4,435   |                                                           |   | 4,515                                              |   |   | 297    |   |   | 9,247 |   |
| Depreciation                  and amortization                                    |   |                                     | 1,580   |                                                           |   | 32                                                 |   |   | 3      |   |   | 1,615 |   |
| Other                  expense                                                    |   |                                     | 19,235  |                                                           |   | 3,766                                              |   |   | 744    |   |   | 23,745 |   |
| Pretax                  segment profit (loss)                                     |   | $                                        | 6,783   |                                                           | $      | 717                                                |   | $      | (1,643 | ) | $ | 5,857 |   |
|                                                                              |   |                                     |    |                                                           |   |                                               |   |   |   |   |   |   |   |
| Segment                  Assets                                                   |   | $                                        | 765,241 |                                                           | $      | 20                                                 |   | $      | 425    |   | $ | 765,686 |   |

| Three                  months ended September                  30, 2005 |   | Community                  Banking |   | Merchant                  Bankcard                  Processing |   | Parent                  And                  Other |   | Totals |   |
|-------------------------------------------------------------------------|--------|------------------------------------|--------|----------------------------------------------------------------|--------|----------------------------------------------------|--------|--------|--------|
|                                                                    |   |                               |   |                                                           |   |                                               |   |   |   |
| Interest                  and dividend income                           |   | $                                  | 15,503 |                                                           | $      | -                                                  |   | $      | -      |   | $ | 15,503 |   |
| Interest                  expense                                       |   |                               | 5,010  |                                                           |   | -                                                  |   |   | 399    |   |   | 5,409 |   |
| Net                  interest and dividend income                       |   |                               | 10,493 |                                                           |   | -                                                  |   |   | (399   | ) |   | 10,094 |   |
| Other                  income                                           |   |                               | 1,546  |                                                           |   | 1,261                                              |   |   | 8      |   |   | 2,815 |   |
| Depreciation                  and amortization                          |   |                               | 627    |                                                           |   | 2                                                  |   |   | -      |   |   | 629 |   |
| Other                  expense                                          |   |                               | 7,906  |                                                           |   | 1,090                                              |   |   | 106    |   |   | 9,102 |   |
| Pretax                  segment profit (loss)                           |   | $                                  | 3,506  |                                                           | $      | 169                                                |   | $      | (497   | ) | $ | 3,178 |   |

----

|  Three                  months ended September                  30, 2004 |   |  Community                  Banking |   | Merchant                  Bankcard                  Processing |   | Parent                  and                  Other |   | Totals |   |
|------------------------------------------------------------------------------------|--------|------------------------------------------|--------|----------------------------------------------------------------|--------|----------------------------------------------------|--------|--------|--------|
|                                                                               |   |                                     |   |                                                           |   |                                               |   |   |   |
| Interest                  and dividend income                                      |   | $                                        | 10,528 |                                                           | $      | -                                                  |   | $      | -      |   | $ | 10,528 |   |
| Interest                  expense                                                  |   |                                     | 2,345  |                                                           |   | -                                                  |   |   | 402    |   |   | 2,747 |   |
| Net                  interest and dividend income                                  |   |                                     | 8,183  |                                                           |   | -                                                  |   |   | (402   | ) |   | 7,781 |   |
| Other                  income                                                      |   |                                     | 1,331  |                                                           |   | 1,221                                              |   |   | 91     |   |   | 2,643 |   |
| Depreciation                  and amortization                                     |   |                                     | 531    |                                                           |   | 11                                                 |   |   | 1      |   |   | 543 |   |
| Other                  expense                                                     |   |                                     | 6,640  |                                                           |   | 1,021                                              |   |   | 191    |   |   | 7,852 |   |
| Pretax                  segment profit (loss)                                      |   | $                                        | 2,343  |                                                           | $      | 189                                                |   | $      | (503   | ) | $ | 2,029 |   |
|                                                                               |   |                                     |   |                                                           |   |                                               |   |   |   |   |   |   |   |

----

**Item        2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF        OPERATIONS**

**FORWARD-LOOKING        STATEMENTS**

**QUARTERLY        SUMMARY**

----

**THREE        MONTHS ENDED SEPTEMBER 30, 2005 AND 2004**

**RESULTS        OF OPERATIONS**

**NET        INTEREST INCOME**

**PROVISION        FOR LOAN LOSSES**

----

**NON-INTEREST        INCOME**

**NON-INTEREST        EXPENSE**

**INCOME        TAXES**

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

**RESULTS        OF OPERATIONS**

**NET        INTEREST INCOME**

----

----

|                                                                                   |   |     |    | 2005                     |   |    |                     |     |   | 2004                |   |    |                     |
|----------------------------------------------------------------------------------------|--------|----------|---------|--------------------------|--------|---------|--------------------------|----------|--------|---------------------|--------|---------|--------------------------|
|                                                                                   |   | Average  |    | Income/                  |   | Yields/ |                     | Average  |   | Income/             |   | Yields/ |                     |
| (dollars                  in thousands)                                                |   | Balances |    | Expense                  |   | Rates   |                     | Balances |   | Expense             |   | Rates   |                     |
| Interest-earning                  assets:                                              |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |
| Loans                  (1)(2)                                                          |   | $        | 743,018 |      | $      | 38,468  |      |     | 6.92   | %    | $      | 574,003 |      | $ | 27,212 |      |   | 6.33 | % |
| Investment                  securities (2)                                             |   |     | 79,461  |                     |   | 2,540   |                     |     | 4.27   | %                   |   | 66,172  |                     |   | 2,180 |   |   | 4.40 | % |
| Marketable                  equity securities - 90% tax exempt (2)                     |   |     | 3,560   |                     |   | 289     |                     |     | 10.85  | %                   |   | 3,395   |                     |   | 272 |   |   | 10.70 | % |
| Interest-bearing                  deposits in other banks                              |   |     | 390     |                     |   | 8       |                     |     | 2.68   | %                   |   | 970     |                     |   | 9 |   |   | 1.18 | % |
| Federal                  Home Loan Bank stock                                          |   |     | 2,706   |                     |   | 81      |                     |     | 4.00   | %                   |   | 1,445   |                     |   | 40 |   |   | 3.70 | % |
| Federal                  funds sold                                                    |   |     | 41,906  |                     |   | 928     |                     |     | 2.96   | %                   |   | 13,635  |                     |   | 102 |   |   | 1.00 | % |
| Total                  interest-earning assets                                         |   |     | 871,041 |                     |   | 42,314  |                     |     | 6.49   | %                   |   | 659,620 |                     |   | 29,815 |   |   | 6.04 | % |
|                                                                                   |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Non-interest-earning                  assets:                                          |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Cash                  and due from banks                                               |   |     | 21,863  |                     |   |    |                     |     |   |                |   | 18,803  |                     |   |   |   |   |   |   |
| Premises                  and equipment, net                                           |   |     | 26,925  |                     |   |    |                     |     |   |                |   | 21,209  |                     |   |   |   |   |   |   |
| Allowances                  for loan losses                                            |   |     | (6,744  | )                        |   |    |                     |     |   |                |   | (5,564  | )                        |   |   |   |   |   |   |
| Other                  assets                                                          |   |     | 30,782  |                     |   |    |                     |     |   |                |   | 28,622  |                     |   |   |   |   |   |   |
| Total                  non-interest-earning assets                                     |   |     | 72,826  |                     |   |    |                     |     |   |                |   | 63,070  |                     |   |   |   |   |   |   |
| Total                  assets                                                          |   | $        | 943,867 |                     |   |    |                     |     |   |                | $      | 722,690 |                     |   |   |   |   |   |   |
|                                                                                   |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Interest-bearing                  liabilities:                                         |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Interest-bearing                  deposits:                                            |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| NOW                  accounts                                                          |   | $        | 90,598  |                     |   | 561     |                     |     | 0.83   | %                   | $      | 75,193  |                     |   | 214 |   |   | 0.38 | % |
| Money                  market                                                          |   |     | 167,428 |                     |   | 2,597   |                     |     | 2.07   | %                   |   | 128,056 |                     |   | 793 |   |   | 0.83 | % |
| Savings                  deposits                                                      |   |     | 48,175  |                     |   | 178     |                     |     | 0.49   | %                   |   | 43,738  |                     |   | 127 |   |   | 0.39 | % |
| Time                  deposits                                                         |   |     | 328,179 |                     |   | 8,334   |                     |     | 3.39   | %                   |   | 221,498 |                     |   | 4,969 |   |   | 3.00 | % |
| Total                  interest-bearing deposits                                       |   |     | 634,380 |                     |   | 11,670  |                     |     | 2.46   | %                   |   | 468,485 |                     |   | 6,103 |   |   | 1.74 | % |
|                                                                                   |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Other                  interest-bearing liabilities:                                   |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Short-term                  borrowings & FHLB advances                             |   |     | 39,688  |                     |   | 887     |                     |     | 2.98   | %                   |   | 31,258  |                     |   | 299 |   |   | 1.28 | % |
| Long-term                  borrowings                                                  |   |     | 17,069  |                     |   | 1,173   |                     |     | 9.19   | %                   |   | 18,250  |                     |   | 1,193 |   |   | 8.73 | % |
| Total                  interest-bearing liabilities                                    |   |     | 691,137 |                     |   | 13,730  |                     |     | 2.66   | %                   |   | 517,993 |                     |   | 7,595 |   |   | 1.96 | % |
|                                                                                   |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Non-interest-bearing                  liabilities and shareholders’ equity:      |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Demand                  deposits                                                       |   |     | 171,108 |                     |   |    |                     |     |   |                |   | 139,733 |                     |   |   |   |   |   |   |
| Other                  liabilities                                                     |   |     | 12,019  |                     |   |    |                     |     |   |                |   | 8,586   |                     |   |   |   |   |   |   |
| Shareholders’                  equity                                            |   |     | 69,603  |                     |   |    |                     |     |   |                |   | 56,378  |                     |   |   |   |   |   |   |
| Total                  non-interest-bearing liabilities and shareholders’ equity |   |     | 252,730 |                     |   |    |                     |     |   |                |   | 204,697 |                     |   |   |   |   |   |   |
|                                                                                   |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Total                  liabilities and shareholders’ equity                      |   | $        | 943,867 |                     |   |    |                     |     |   |                | $      | 722,690 |                     |   |   |   |   |   |   |
|                                                                                   |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |
| Interest                  rate spread (tax equivalent basis)                           |   |     |    |                     |   |    |                     |     | 3.83   | %                   |   |    |                     |   |   |   |   | 4.08 | % |
| Net                  interest income (tax equivalent basis)                            |   |     |    |                     | $      | 28,584  |                     |     |   |                |   |    |                     | $ | 22,220 |   |   |   |   |
| Net                  interest margin (3) (tax equivalent basis)                        |   |     |    |                     |   |    |                     |     | 4.39   | %                   |   |    |                     |   |   |   |   | 4.50 | % |
|                                                                                   |   |     |    |                     |   |    |                     |     |   |                |   |    |                     |   |   |   |   |   |   |

|   | (1) | Average                  loans include non-performing loans. |
|--------|-----|--------------------------------------------------------------|

|   | (2) | Interest                  income and rates include the effects of a tax equivalent adjustment                  using                  a Federal tax rate of 34% 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. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------|

----

|                                                      |   | 2005                    compared to 2004 (1) Due                    to changes in |   |
|-----------------------------------------------------------|--------|-----------------------------------------------------------------------------------|--------|
| (dollars                  in thousands)                   |   | Average                  Volume                                                   |   | Average                  Rate |   | Net                    Increase (Decrease) |   |
| Interest                  income                          |   |                                                                              |   |   |   |   |   |   |   |   |
| Loans                  (2)                                |   | $                                                                                 | 8,575  |   | $ | 2,681 |   | $ | 11,256 |   |
| Investment                  securities (2)                |   |                                                                              | 426    |   |   | (66 | ) |   | 360 |   |
| Marketable                  equity securities (2)         |   |                                                                              | 13     |   |   | 4 |   |   | 17 |   |
| Interest-bearing                  deposits in other banks |   |                                                                              | (8     | ) |   | 7 |   |   | (1 | ) |
| Federal                  Home Loan Bank Stock             |   |                                                                              | 38     |   |   | 3 |   |   | 41 |   |
| Federal                  funds sold                       |   |                                                                              | 425    |   |   | 401 |   |   | 826 |   |
| Total                  interest income                    |   |                                                                              | 9,469  |   |   | 3,030 |   |   | 12,499 |   |
|                                                      |   |                                                                              |   |   |   |   |   |   |   |   |
| Interest                  expense                         |   |                                                                              |   |   |   |   |   |   |   |   |
| NOW                  accounts                             |   |                                                                              | 51     |   |   | 296 |   |   | 347 |   |
| Money                  market                             |   |                                                                              | 306    |   |   | 1,498 |   |   | 1,804 |   |
| Savings                  deposits                         |   |                                                                              | 14     |   |   | 37 |   |   | 51 |   |
| Time                  deposits                            |   |                                                                              | 2,641  |   |   | 724 |   |   | 3,365 |   |
| Short-term                  borrowings and FHLB advances  |   |                                                                              | 99     |   |   | 489 |   |   | 588 |   |
| Long-term                  borrowings                     |   |                                                                              | (86    | ) |   | 66 |   |   | (20 | ) |
| Total                  interest expense                   |   |                                                                              | 3,025  |   |   | 3,110 |   |   | 6,135 |   |
|                                                      |   |                                                                              |   |   |   |   |   |   |   |   |
| Change                  in net interest income            |   | $                                                                                 | 6,444  |   | $ | (80 | ) | $ | 6,364 |   |

| (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                  a federal                  tax rate of 34% in adjusting tax exempt interest on tax exempt                  investment                  securities and loans to a fully taxable                  basis. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**PROVISION        FOR LOAN LOSSES**

**NON-INTEREST        INCOME**

----

**NON-INTEREST        EXPENSE**

**INCOME        TAXES**

**BALANCE        SHEET**

**NON-PERFORMING        ASSETS**

| (dollars                  in thousands)                                         |   | September                  30, 2005 |    | December                  31, 2004 |   |
|---------------------------------------------------------------------------------|--------|-------------------------------------|---------|------------------------------------|--------|
| Total                  nonaccrual loans                                         |   | $                                   | 532     |                               | $      | 704 |   |
| Accruing                  loans delinquent 90 days or more (a)                  |   |                                | -       |                               |   | - |   |
| Total                  non-performing loans                                     |   | $                                   | 532     |                               | $      | 704 |   |
|                                                                            |   |                                |    |                               |   |   |   |
| Repossessed                  personal property (indirect auto dealer loans)     |   |                                | 858     |                               |   | 688 |   |
| Other                  real estate owned (b)                                    |   |                                | 190     |                               |   | 882 |   |
| Other                  assets (b)                                               |   |                                | 2,705   |                               |   | 2,665 |   |
| Total                  non-performing assets                                    |   | $                                   | 4,285   |                               | $      | 4,939 |   |
|                                                                            |   |                                |    |                               |   |   |   |
| Allowance                  for loan losses                                      |   | $                                   | 7,153   |                               | $      | 6,243 |   |
|                                                                            |   |                                |    |                               |   |   |   |
| Non-performing                  assets as a percent of total assets             |   |                                | 0.41    | %                                  |   | 0.60 | % |
| Non-performing                  loans as a percent of gross loans               |   |                                | 0.06    | %                                  |   | 0.11 | % |
| Allowance                  for loan losses as a percent of non-performing loans |   |                                | 1,344.5 | %                                  |   | 886.8 | % |
|                                                                            |   |                                |    |                               |   |   |   |

----

|   | (a) | Non-performing                  loans exclude the $1.6 million loan discussed below that is guaranteed                  for                  both principal and interest by the U.S. Department of Agriculture                  (USDA). |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | 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 partially 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. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**LIQUIDITY**

**ASSET        AND LIABILITY MANAGEMENT**

|                                                    |   | 3                  Months |    | 4                  to 6 |   | 7                  to 12 |   | 1                  to 5 |     | Over                  5 |   |    |   |
|---------------------------------------------------------|--------|---------------------------|---------|-------------------------|--------|--------------------------|--------|-------------------------|----------|-------------------------|--------|---------|--------|
| (dollars                  in thousands)                 |   | or                  Less  |    | Months                  |   | Months                   |   | Years                   |     | Years                   |   | Total   |   |
| Interest-earning                  assets:               |   |                      |    |                    |   |                     |   |                    |     |                    |   |    |   |
| Loans                                                   |   | $                         | 368,616 |                    | $      | 31,913                   |   | $                       | 50,706   |                    | $      | 300,830 |   | $ | 74,218 |   | $ | 826,283 |   |
| Investment                  securities-taxable          |   |                      | 907     |                    |   | -                        |   |                    | 5,239    |                    |   | 49,908  |   |   | 25,397 |   |   | 81,451 |   |
| Investment                  securities-tax exempt       |   |                      | -       |                    |   | -                        |   |                    | -        |                    |   | 3,115   |   |   | 6,563 |   |   | 9,678 |   |
| Marketable                  equity securities           |   |                      | 3,419   |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | - |   |   | 3,419 |   |
| Federal                  Home Loan Bank stock           |   |                      | 2,781   |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | - |   |   | 2,781 |   |
| Federal                  funds sold                     |   |                      | 61,164  |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | - |   |   | 61,164 |   |
| Interest                  bearing deposit in other bank |   |                      | 218     |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | - |   |   | 218 |   |
| Total                  interest-bearing assets          |   |                      | 437,105 |                    |   | 31,913                   |   |                    | 55,945   |                    |   | 353,853 |   |   | 106,178 |   |   | 984,994 |   |
|                                                    |   |                      |    |                    |   |                     |   |                    |     |                    |   |    |   |   |   |   |   |   |   |
| Interest-bearing                  liabilities:          |   |                      |    |                    |   |                     |   |                    |     |                    |   |    |   |   |   |   |   |   |   |
| NOW                  accounts                           |   |                      | 88,570  |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | - |   |   | 88,570 |   |
| Money                  market                           |   |                      | 164,007 |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | - |   |   | 164,007 |   |
| Savings                  deposits                       |   |                      | 47,638  |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | - |   |   | 47,638 |   |
| Time                  deposits                          |   |                      | 104,785 |                    |   | 160,614                  |   |                    | 86,786   |                    |   | 94,119  |   |   | 5 |   |   | 446,309 |   |
| Notes                  payable                          |   |                      | -       |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | 4,000 |   |   | 4,000 |   |
| Subordinated                  debentures                |   |                      | 5,000   |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | 8,000 |   |   | 13,000 |   |
| Other                  borrowings                       |   |                      | 38,827  |                    |   | -                        |   |                    | -        |                    |   | -       |   |   | - |   |   | 38,827 |   |
| Total                  interest-bearing liabilities     |   |                      | 448,827 |                    |   | 160,614                  |   |                    | 86,786   |                    |   | 94,119  |   |   | 12,005 |   |   | 802,351 |   |
|                                                    |   |                      |    |                    |   |                     |   |                    |     |                    |   |    |   |   |   |   |   |   |   |
| Interest                  sensitivity gap               |   | $                         | (11,722 | )                       | $      | (128,701                 | )      | $                       | (30,841  | )                       | $      | 259,734 |   | $ | 94,173 |   | $ | 182,643 |   |
|                                                    |   |                      |    |                    |   |                     |   |                    |     |                    |   |    |   |   |   |   |   |   |   |
| Cumulative                  interest sensitivity gap    |   | $                         | (11,722 | )                       | $      | (140,423                 | )      | $                       | (171,264 | )                       | $      | 88,470  |   | $ | 182,643 |   | $ | 182,643 |   |
|                                                    |   |                      |    |                    |   |                     |   |                    |     |                    |   |    |   |   |   |   |   |   |   |
| Cumulative                  sensitivity ratio           |   |                      | (1.2    | )%                      |   | (14.3                    | )%     |                    | (17.4    | )%                      |   | 9.0     | %      |   | 18.5 | % |   | 18.5 | % |

----

**COMMITMENTS        **

----

**Item        3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET        RISK**

**Item        4. CONTROLS AND PROCEDURES**

**Part        II.     **
**OTHER        INFORMATION**

**Item        4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

**Item        5. OTHER INFORMATION**

**Item        6. EXHIBITS**

|   | (a) | Exhibits |
|--------|-----|----------|

Exhibit        31.1

Exhibit        31.2

Exhibit        32.1

Exhibit        32.2 

----

**SIGNATURES**

|   |                              |   | TIB                  FINANCIAL CORP.                                  |   |
|--------|-----------------------------------|--------|-----------------------------------------------------------------------|--------|
|   |                              |   |                                                                  |   |
|   |                              |   |                                                                  |   |
|   |                              |   | /s/                  Edward V. Lett                                   |        |   |
| Date:  | November                  9, 2005 |   | Edward                  V. Lett                                       |   |
|   |                              |   | President                  and Chief Executive Officer                |   |
|   |                              |   |                                                                  |   |
|   |                              |   |                                                                  |   |
|   |                              |   | /s/                  David P. Johnson                                 |        |   |
|   |                              |   | David                  P. Johnson                                     |   |
|   |                              |   | Executive                  Vice President and Chief Financial Officer |   |

----