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 September 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 organization)  Classification Code Number)  Identification No.)

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


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


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

     Check  whether  the  issurer: (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 November 9, 2001.

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

<PAGE>
<TABLE>
<CAPTION>

                                      FUTURUS FINANCIAL SERVICES, INC.

                                                    INDEX

                                                                                         Page  No.
                                                                                         ---------
<S>       <C>                                                                            <C>
PART I    FINANCIAL INFORMATION

          Item 1.  Financial Statements

                   Consolidated Balance Sheet (unaudited) at September 30, 2001              3

                   Consolidated Statements of Operations (unaudited) for the Three Months
                   and the Nine Months Ended September 30, 2001 and 2000                     4

                   Consolidated Statement of Comprehensive Income (unaudited) for the Nine
                   Months Ended September 30, 2001                                           5

                   Consolidated Statement of Cash Flows (unaudited) for the Nine Months
                   Ended September 30, 2001                                                  6

                   Notes to Consolidated Financial Statements (unaudited)                    7

          Item 2.  Management's Discussion and Analysis of Financial Condition and
                   Results of Operations                                                     8

PART II.  OTHER INFORMATION

          Item 1.  Legal Proceedings                                                         9

          Item 2.  Changes in Securities                                                     9

          Item 3.  Defaults Upon Senior Securities                                           9

          Item 4.  Submission of Matters to a Vote of Security Holders                       9

          Item 5.  Other Information                                                         9

          Item 6.  Exhibits and Reports on Form 8-K                                          9
</TABLE>



This  Report  contains  statements  which  constitute forward-looking statements
within  the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of  the  Securities Exchange Act of 1934. These statements appear in a number of
places in this Report and include all statements regarding the intent, belief or
current  expectations of the Company, its directors or its officers with respect
to, among other things: (i) the Company's financing plans; (ii) trends affecting
the  Company's financial condition or results of operations; (iii) the Company's
growth  strategy and operating strategy; and (iv) the declaration and payment of
dividends.  Investors  are  cautioned that any such forward-looking statement is
not  a guarantee of future performance and involves risks and uncertainties, and
that  actual  results  may  differ  materially  from  those  projected  in  the
forward-looking  statements  as a result of various factors discussed herein and
those  factors  discussed in detail in the Company's filings with the Securities
and  Exchange  Commission.


                                      -2-
<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.

<TABLE>
<CAPTION>

                            FUTURUS FINANCIAL SERVICES, INC.

                               CONSOLIDATED BALANCE SHEET
                                      (UNAUDITED)

                                  SEPTEMBER 30, 2001

                                        Assets
                                        ------

<S>                                                            <C>
Cash                                                           $   677,363
Federal funds sold                                               3,647,000
                                                               ------------

  Cash and cash equivalents                                      4,324,363

Securities available-for-sale                                    2,489,638
Other investments                                                  225,000
Loans, net                                                       2,926,832
Land, construction and equipment                                   895,571
Other assets                                                       192,382
                                                               ------------

                                                               $11,053,786
                                                               ============


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

Deposits:
  Non-interest bearing                                         $   532,314
  Interest bearing                                               3,686,413
                                                               ------------
    Total  deposits                                              4,218,727

Repurchase agreements                                              425,570
Other liabilities                                                   31,627
                                                               ------------

    Total liabilities                                            4,675,924
                                                               ------------

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                                           (1,430,901)
  Accumulated other comprehensive income                            24,249
                                                               ------------

      Total stockholders' equity                                 6,377,862
                                                               ------------

                                                               $11,053,786
                                                               ============
</TABLE>
See  accompanying  notes  to  unaudited  consolidated  financial  statements.


                                      -3-
<PAGE>
<TABLE>
<CAPTION>

                            FUTURUS  FINANCIAL  SERVICES,  INC.

                           CONSOLIDATED STATEMENTS OF OPERATIONS
                                        (UNAUDITED)

               FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2001



                                                               Three Months   Nine Months
                                                                   Ended         Ended
                                                               September 30   September 30
                                                               -------------  ------------
<S>                                                            <C>            <C>
Interest income:
  Loans                                                        $      65,825        76,530
  Federal funds sold                                                  24,015        52,943
  Investment securities                                               35,977        51,915
  Escrowed stock subscriptions                                             -        46,362
                                                               -------------  ------------

    Total interest income                                            125,817       227,750
                                                               -------------  ------------

Interest expense:
  Deposits                                                            22,995        25,689
  Other borrowings                                                         -        38,083
                                                               -------------  ------------

    Total interest expense                                            22,995        63,772
                                                               -------------  ------------

  Net interest income                                                102,822       163,978
                                                               -------------  ------------

Provision for loan losses                                              4,000        45,000
                                                               -------------  ------------

  Net interest income after provision for loan losses                 98,822       118,978
                                                               -------------  ------------

Other income                                                               -         2,541
                                                               -------------  ------------

Other expense:
  Salaries and other personnel expense                               122,485       342,659
  Net occupancy and equipment expense                                 63,536       176,164
  Other operating expense                                             65,236       192,845
                                                               -------------  ------------

  Total other expense                                                251,257       711,668
                                                               -------------  ------------

  Net loss                                                     $     154,975       590,149
                                                               =============  ============


Net loss per common share based on 803,030 shares outstanding            .19           .74
                                                               =============  ============
</TABLE>

See  accompanying  notes  to  unaudited  consolidated  financial  statements.


                                      -4-
<PAGE>
<TABLE>
<CAPTION>


                        FUTURUS FINANCIAL SERVICES, INC.

                 CONSOLIDATED  STATEMENT OF COMPREHENSIVE INCOME
                                   (UNAUDITED)

                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001


<S>                                                                   <C>
Net loss                                                              $(590,149)

Other comprehensive income consisting of unrealized gains
 on investment securities available-for-sale, net of tax of $14,862      29,249
                                                                      ----------

Comprehensive income (loss)                                           $(560,900)
                                                                      ==========
</TABLE>

See  accompanying  notes  to  unaudited  consolidated  financial  statements.


                                      -5-
<PAGE>
<TABLE>
<CAPTION>

                        FUTURUS FINANCIAL SERVICES, INC.

                      CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (UNAUDITED)

                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001




<S>                                                      <C>
Cash flows from operating activities:
  Net loss                                               $   (590,149)
    Adjustments to reconcile net loss to net cash used
         by operating activities:
      Provision for loan losses                                45,000
      Depreciation, amortization and accretion                 22,630
      Change in other                                         155,330
                                                         -------------

        Net cash used by operating activities                (367,189)
                                                         -------------

Cash flows from investing activities:
  Purchases of investment securities available for sale    (2,450,527)
  Purchases of other investments                             (225,000)
  Net change in loans                                      (2,971,832)
  Purchases of premises and equipment                        (621,618)
                                                         -------------

        Net cash used by investing activities              (6,268,977)
                                                         -------------

Cash flow from financing activities:
  Net change in deposits                                    4,218,727
  Net change in repurchase agreements                         425,570
  Repayment of notes payable to organizers                    (90,000)
  Repayment of note payable to bank                        (1,194,260)
  Redemption of organizational share of stock                     (10)
  Proceeds from sale of common stock                        7,581,037
                                                         -------------

        Net cash provided by financing activities          10,941,064
                                                         -------------

Net change in cash and cash equivalents                     4,304,898

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

Cash and cash equivalents at end of period               $  4,324,363
                                                         =============

</TABLE>

See  accompanying  notes  to  unaudited  consolidated  financial  statements.


                                      -6-
<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.

                   NOTES TO CONSOLIDATED 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  as  a  development  stage  corporation.

     In connection with Futurus's formation and initial offering, Futurus issued
     warrants to purchase its common stock to the organizers. The warrants allow
     the  organizers to purchase approximately 241,000 shares of common stock at
     the  initial  offering price of $10 per share. The warrants are exercisable
     for  a  term  beginning  on the first anniversary of the date Futurus first
     issued  its  common stock, and ending on the tenth anniversary of that date
     or  90  days  after  the warrant holder ceases to be a director of Futurus,
     whichever  is earlier. The warrants vest at the rate of one-third (1/3) per
     year  beginning  on  the first anniversary of the date Futurus first issued
     its  common stock. Futurus has also reserved shares of its common stock for
     the  issuance  of  options  under  an employee incentive stock option plan.

     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  period  presented.  All such adjustments are of a normal
     recurring nature. The results of operations for the quarter ended September
     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  September 30, 2001 was $.19, with a net loss per
     share  for  the  nine  months  ended  September  30,  2001  of  $.74.

(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.


                                      -7-
<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 and
the  Federal Deposit Insurance Corporation 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  September  30,  2001,  Futurus  had  total assets of $11,054,000. These
assets  consisted  principally  of  $4,324,000  in  cash  and  cash equivalents,
$2,490,000  in  securities  available-for-sale,  $2,927,000  in  loans  and
approximately  $896,000  in  land  and  equipment.

     Futurus  had  deposits  of $4,219,000 at September 30, 2001, an accumulated
deficit  of  $1,431,000  and  total  stockholders'  equity  of  $6,378,000.

RESULTS  OF  OPERATIONS

     Futurus had a net loss of $155,000 for the quarter ended September 30, 2001
and  $590,000  for  the nine months ended September 30, 2001.  It had a net loss
per share of $.19 for the quarter ended September 30, 2001 and $.74 for the nine
months  ended  September  30,  2001  (assuming  the sale of the actual number of
shares  in  the offering were outstanding during the entire period). As the Bank
opened  for  business  on May 2, 2001, the loss for the first four months during
the period ended September 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.

     Net  interest  income was $103,000 for the quarter ended September 30, 2001
and  $164,000  for the nine months ended September 30, 2001.  Futurus recognized
provisions  for  possible  loan losses of $4,000 and $45,000 for the quarter and
nine  months  ended September 30, 2001, respectively.  Other expenses consist of
salaries  and  benefits, occupancy and other operating expenses.  These expenses
totaled  $251,000  and  $752,000 for the quarter and nine months ended September
30,  2001,  respectively.

LIQUIDITY  AND  CAPITAL  RESOURCES

     The  Company 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. Management 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  the  Company  will  achieve  any particular level of
profitability.

     Net  cash used in operating activities totaled $367,000 for the nine months
ended  September 30, 2001 consisting mainly of a net loss of $590,000.  Net cash
used  by investing activities was $6,269,000 for the nine months ended September
30,  2001.  Investing activities included the purchase of investment securities,
and an increase in loans outstanding.  Net cash provided by financing activities
totaled  $10,941,000  for  the  nine months ended September 30, 2001.  Financing
activities  included  proceeds  from the sale of common stock and an increase in
deposits,  partially  offset  by  repayment  of  debt.


                                      -8-
<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)     Not  applicable

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
     quarter  ended  September  30,  2001.

ITEM  5.     OTHER  INFORMATION

     None

ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K

     (a)     Exhibits
             None

     (b)     Reports  on  Form  8-K
             None


                                      -9-
<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,
                                       Chief  Financial  and  Accounting
                                       Officer  and  Director


                                      -10-
<PAGE>