SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

            [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
                 OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the Quarterly Period Ended June 30, 2001

                                       OR

            [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
                 OF THE SECURITIES EXCHANGE ACT OF 1934

                        For the Transition Period from to


                        Futurus Financial Services, Inc.
                        --------------------------------
             (Exact name of registrant as specified in its charter)

          Georgia                         6711                   58-2485661
   -----------------------    ---------------------------    -----------------
  (State of Jurisdiction of   (Primary Standard Industrial   (I.R.S. Employer
   Incorporation or            Classification Code Number)   Identification No.)
    organization)

   281  South Main Street, Suite 105A
   Alpharetta, Georgia                                             30004
   ----------------------------------                              -----
   (Address of principal executive                               (Zip Code)
    offices)

                                  770-667-7899
                                  ------------
                              ( Telephone Number)


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


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

                                   YES XX   NO
                                       --      --

                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State  the  number of shares outstanding of each of the issuer's classes of
common  equity,  as  of  the  latest  practicable  date:
     803,030  shares  of  common  stock,  no  par  value  per  share, issued and
outstanding  as  of  July  31,  2001.

     Transitional Small Business Disclosure Format (check one):   YES     NO  XX
                                                                      --      --


<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.

                         PART I.  FINANCIAL INFORMATION

     ITEM  1.     FINANCIAL  STATEMENTS

          The  consolidated  financial statements of Futurus Financial Services,
Inc. ("Futurus") are set forth in the following pages.








     This Form 10-QSB contains forward-looking statements.  These statements are
subject  to  certain  risks and uncertainties that could cause actual results to
differ  materially  from  those  anticipated  in the forward-looking statements.
Factors  that  might  cause  such  a difference include, but are not limited to,
changes  in interest rate environment, management's business strategy, national,
regional  and local market conditions and legislative and regulatory conditions.
     Readers  should  not  place  undue  reliance on forward-looking statements,
which  reflect  management's  view  only  as  of  the  date of this Form 10-QSB.
Futurus  undertakes  no  obligation  to  publicly  revise  these forward-looking
statements  to  reflect subsequent events or circumstances.  Readers should also
carefully  review  the  risk  factors described in other documents Futurus files
from  time  to  time  with  the  Securities  and  Exchange  Commission.


                                      -2-
<PAGE>
<TABLE>
<CAPTION>
                        FUTURUS FINANCIAL SERVICES, INC.

                           CONSOLIDATED BALANCE SHEET

                                  JUNE 30, 2001
                                   (unaudited)

                                     Assets
                                     ------

<S>                                                            <C>

Cash                                                           $ 2,116,630

Federal funds sold                                               1,089,000
                                                               ------------

  Cash and cash equivalents                                      3,205,630

Securities available for sale                                    2,466,390

Loans, net                                                       2,782,723

Construction in progress and equipment                             480,389

Other assets                                                       369,372
                                                               ------------

                                                               $ 9,304,504
                                                               ============


                      Liabilities and Stockholders' Equity
                      ------------------------------------

Deposits:
  Non-interest bearing                                         $ 1,009,552
  Interest bearing                                               1,737,697
                                                               ------------
    Total Deposits                                               2,747,249

Other liabilities                                                   39,631
                                                               ------------
    Total liabilities                                            2,786,880
                                                               ------------


Commitments

Stockholders' equity:

  Preferred stock, no par value; 2,000,000 shares authorized;
    no shares issued and outstanding                                   ---

  Common stock, no par value; 10,000,000 shares authorized;
    803,030 shares issued and outstanding                        7,784,514

  Accumulated deficit                                           (1,275,926)

  Accumulated other comprehensive income                             9,036
                                                               ------------

      Total stockholders' equity                                 6,517,624
                                                               ------------

                                                               $ 9,304,504
                                                               ============
</TABLE>


                                      -3-
<PAGE>
<TABLE>
<CAPTION>
                        FUTURUS FINANCIAL SERVICES, INC.

                      CONSOLIDATED STATEMENTS OF OPERATIONS

      FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2001 (unaudited)


                                                        Three Months   Six Months
                                                           Ended          Ended
                                                          June 30        June 30
                                                       --------------  -----------
<S>                                                    <C>             <C>
Interest income:
  Loans                                                $      10,705       10,705
  Federal funds sold                                          28,928       28,928
  Investment securities                                       15,938       15,938
  Escrowed stock subscriptions                                46,362       46,362
                                                       --------------  -----------

    Total interest income                                    101,933      101,933

Interest expense:
  Deposits                                                     2,694        2,694
  Other borrowings                                             6,611       38,083
                                                       --------------  -----------

    Total interest expense                                     9,305       40,777
                                                       --------------  -----------

  Net interest income                                         92,628       61,156

Provision for loan losses                                     41,000       41,000
                                                       --------------  -----------

  Net interest income after provision for loan losses         51,628       20,156

Other income                                                   3,811        3,811

Other expense:
 Salaries and other personnel expense                        123,315      220,174
 Net occupancy and equipment expense                          62,993      112,628
 Other operating expense                                     110,986      126,339
                                                       --------------  -----------

   Total other expense                                       297,295      459,141
                                                       --------------  -----------

   Net loss                                            $    (241,856)    (435,174)
                                                       ==============  ===========


Net Loss per share                                     $        (.30)        (.54)
                                                       ==============  ===========
</TABLE>


                                      -4-
<PAGE>
<TABLE>
<CAPTION>
                        FUTURUS FINANCIAL SERVICES, INC.

                      CONSOLIDATED STATEMENT OF CASH FLOWS

               FOR THE SIX MONTHS ENDED JUNE 30, 2001 (unaudited)


<S>                                                         <C>
Cash flows from operating activities:
Net loss                                                    $  (435,174)
    Adjustments to reconcile net loss to net cash used
    by operating activities:
      Provision for loan losses                                  41,000
      Depreciation, amortization and accretion                    8,198
      Change in other assets                                   (362,550)
      Change in other liabilities                               (48,736)
                                                            ------------
        Net cash used by operating activities                  (797,262)
                                                            ------------

Cash flows from investing activities:
  Purchases of investment securities available for sale      (2,451,816)
  Net change in loans                                        (2,823,723)
  Construction in progress and equipment                       (192,004)
  Deferred offering expenses                                    (42,309)
                                                            ------------
        Net cash used by investing activities                (5,509,852)
                                                            ------------

Cash flow from financing activities:
  Net change in deposits                                      2,747,249
  Repayment of borrowings, net                               (1,194,260)
  Proceeds from sale of common stock                          8,030,300
  Redemption of organizational share of stock                       (10)
  Repayment of advances from organizers                         (90,000)
                                                            ------------
        Net cash provided by financing activities             9,493,279
                                                            ------------

Net change in cash and cash equivalents                       3,186,165

Cash and cash equivalents at beginning of period                 19,465
                                                            ------------

Cash and cash equivalents at end of period                  $ 3,205,630
                                                            ============
</TABLE>


                                      -5-
<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.

                          NOTES TO FINANCIAL STATEMENTS


(1)  ORGANIZATION
     ------------
     Futurus  Financial  Services,  Inc. (Futurus), a bank holding company, owns
     100%  of the outstanding stock of Futurus Bank, N.A. (the Bank), a national
     bank  operating  in  Fulton  County,  Georgia. During the second quarter of
     2001,  Futurus  raised  $7,784,514,  net  of  offering expenses of $245,786
     through  the  sale  of  803,030  shares of its no par value common stock at
     $10.00  per  share.  On  May  2,  2001,  Futurus used $7,500,000 of the net
     proceeds  from  this  public  offering  to purchase 100% of the outstanding
     common  stock  of  the  Bank.  The  organizers  of  the  Bank filed a joint
     application  to  organize  the  Bank  with the Office of the Comptroller of
     Currency and the Federal Deposit Insurance Corporation on October 15, 1999.
     After  receiving  final  approval  of  the  application  from both of these
     regulatory  agencies,  the  Bank  opened  for  business  on  May  2,  2001.

     Operations  through  May  2,  2001  relate primarily to expenditures by the
     organizers for incorporating and organizing Futurus. Futurus was previously
     reported  on  as  a  development  stage  corporation.

     The  interim financial statements included in this report are unaudited but
     reflect  all adjustments which, in the opinion of management, are necessary
     for a fair presentation of the financial position and results of operations
     for  the  interim  periods  presented. All such adjustments are of a normal
     recurring  nature. The results of operations for the quarter ended June 30,
     2001  are  not  necessarily  indicative  of  the  results  of a full year's
     operations.

(2)  PROFORMA  NET  LOSS  PER  COMMON  SHARE
     ---------------------------------------
     Proforma  net  loss  per common share is calculated by dividing net loss by
     the  actual  number  of  common shares sold in the initial public offering,
     which  are  considered  outstanding for the entire period, as prescribed in
     Staff  Accounting  Bulletin  Topic 1:B. The proforma net loss per share for
     the  three months ended June 30, 2001 was $.30 and for the six months ended
     June  30,  2001  was  $.54.

(3)  PREFERRED  STOCK
     ----------------
     Shares  of  preferred  stock may be issued from time to time in one or more
     series  as  established by resolution of the Board of Directors of Futurus.
     Each  resolution  will  include  the  number of shares issued, preferences,
     special  rights  and  limitations  as  determined  by  the  Board.


                                      -6-
<PAGE>

ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF FINANCIAL CONDITION AND
RESULTS  OF  OPERATIONS

     Futurus  was incorporated on August 12, 1999, for the purpose of becoming a
bank holding company by acquiring the outstanding common stock of the Bank.  The
organizers  of  the  Bank  filed a joint application to charter the Bank and for
federal  deposit  insurance  with  the Office of the Comptroller of the Currency
(the  "OCC")  and  the  Federal  Deposit  Insurance  Corporation (the "FDIC") on
October  15,  1999.  On  May  2,  2001, Futurus acquired 100% of the outstanding
common  stock  of  the  Bank.  The  Bank  commenced  operations  on May 2, 2001.

Financial  Condition

     At  June  30,  2001,  Futurus  had total assets of $9,304,504. These assets
consisted  principally of $3,205,630 in cash and cash equivalents, $2,466,390 in
securities  available for sale, $2,782,723 in loans and $480,389 in construction
in  progress  and  equipment.

     Futurus had deposits of $2,747,249 at June 30, 2001, an accumulated deficit
of  $1,275,926  and  total  stockholders'  equity  of  $6,517,624.

Results  of  Operations

     Futurus  had a net loss of $241,856 for the quarter ended June 30, 2001 and
$435,174  for  the  six  months ended June 30, 2001.  The company incurred a net
loss  per share of $.30 for the quarter ended June 30, 2001 and $.54 for the six
months  ended  June  30,  2001.  The loss for the six months ended June 30, 2001
resulted  primarily from expenses incurred in connection with activities related
to  the organization of the Bank. These activities included preparing and filing
an application to charter the Bank and for federal deposit insurance; responding
to  questions  and  providing  additional  information  to  the  regulators  in
connection  with  the  application  process; preparing and filing a registration
statement  with the Securities and Exchange Commission; selling Futurus's common
stock;  holding  meetings among various organizers regarding the application and
registration  statement,  target  markets  and  capitalization  issues;  hiring
qualified personnel to work for the Bank; conducting public relations activities
on behalf of Futurus; developing prospective business contacts; and taking other
actions  necessary  to  open  the  Bank. Because Futurus was in the organization
stage  and  the  Bank  did  not  begin  its operations until May 2, 2001, it had
limited  operations  from  which  to  generate  revenues.

Liquidity  and  Capital  resources

     Futurus  raised  $7,784,514,  net  of  offering expenses of $245,786 in its
initial  public  offering.  The Company used these funds to purchase 100% of the
shares of the Bank for $7,500,000 and for working capital. Futurus believes this
amount  will  be  sufficient  to  fund the activities of the Bank in its initial
stages  of  operations,  and  that the Bank will generate sufficient income from
operations  to  fund  its  activities  on  an  ongoing  basis.  There  can be no
assurance,  however,  that  Futurus  will  achieve  any  particular  level  of
profitability.

Net  cash used in operating activities totaled $797,262 for the six months ended
June  30,  2001  consisting  mainly of a net loss of $435,174 and an increase in
other  assets  of $362,550. Net cash used by investing activities was $5,509,852
for  the  six  months  ended  June  30,  2001. Investing activities included the
purchase  of investments and an increase in loans outstanding. Net cash provided
by  financing  activities  totaled  $9,493,279 for the six months ended June 30,
2001.  Financing  activities included proceeds from the sale of common stock and
an  increase  in  deposits,  partially  offset  by  repayment  of  debt.


                                      -7-
<PAGE>
                           PART II.  OTHER INFORMATION


ITEM 1.   LEGAL  PROCEEDINGS

     There are no material pending legal proceedings to which Futurus is a party
or  of  which  any  of  their  property  is  the  subject.

ITEM 2.   CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS

     (a)  Not  applicable
     (b)  Not  applicable
     (c)  Not  applicable
     (d)  Registrant's Registration Statement on Form SB-2, as amended (File No.
          333-30144),  which  registered  the  shares  sold  in the Registrant's
          initial  public  offering, was declared effective on February 2, 2001.
          On  May  1,  2001, Registrant received $7,784,514 of net proceeds from
          the  sale of 803,030 shares of its common stock in connection with its
          initial  public  offering. Since receipt of the offering proceeds, the
          Registrant  has used $7,500,000 in the purchase of 100% of the capital
          stock  of  Futurus  Bank,  N.A. The remainder of the net proceeds were
          used  to repay borrowings from the Registrant's line of credit and for
          other  working  capital  purposes.

ITEM 3.   DEFAULTS  UPON  SENIOR  SECURITIES

          Not  applicable

ITEM 4.   SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

          There  were no matters submitted to security holders for a vote during
the  three  months  ended  June  30,  2001.

ITEM 5.   OTHER  INFORMATION

          None

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

     (a)  Exhibits

     (b)  Reports  on  Form  8-K
          None


                                      -8-
<PAGE>
                                   SIGNATURES


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

                                         FUTURUS FINANCIAL SERVICES, INC.



                                          By: /S/  William  M.  Butler
                                              ----------------------------------
                                              William  M.  Butler
                                              President, Chief Executive Officer
                                              and Director



                                          By: /S/  R.  Wesley  Fuller
                                              ----------------------------------
                                               R.  Wesley  Fuller
                                               Chief  Financial  Officer


                                      -9-
<PAGE>