UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                    Form 10-Q


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2003

[_]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____ TO _____

                       Commission File Number: 000-1170902


                          FLORIDA COMMUNITY BANKS, INC.
             (Exact name of registrant as specified in its charter)


            Florida                                        35-2164765
 ------------------------------                 -------------------------------
(State or Other Jurisdiction of                (IRS Employer Identification No.)
 Incorporation or Organization)


1400 North 15th Street, Immokalee, Florida                        34142-2202
------------------------------------------                   ------------------
 (Address of Principal Executive Office)                    (Including Zip Code)


                                 (239) 657-3171
                (Issuer's Telephone Number, Including Area Code)


No Change (Former name,  former address and former fiscal year, if changed since
last report)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                                 Yes [X] No [_]


Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in Exchange Act Rule 12b-2):

                                 Yes [_] No [X]


Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

Common Stock, $0.01 par                 Outstanding at August 5, 2003: 3,123,316

<PAGE>
                                    Form 10-Q
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003

<TABLE>
<CAPTION>


                                TABLE OF CONTENTS

                                                                                                           Page No.
Part I - Financial Information
<S>                        <C> <C>                                                                             <C>
  Item 1 - Consolidated Financial Statements (Unaudited)

           Consolidated Statements of Financial Condition as of June 30, 2003
              and December 31, 2002.......................................................................     3

           Consolidated Statements of Income For The Three Months Ended
              June 30, 2003 and 2002......................................................................     4

           Consolidated Statements of Income For The Six Months Ended
              June 30, 2003 and 2002......................................................................     5

           Consolidated Statement of Shareholders' Equity For The Six Months
              Ended June 30, 2003.........................................................................     6

           Consolidated Statements of Cash Flows For The Six Months
              Ended June 30, 2003 and 2003................................................................     7

           Notes to Consolidated Financial Statements.....................................................     8

  Item 2 - Management's Discussion and Analysis of
           Financial Condition and Results of Operations..................................................    13

  Item 3 - Quantitative and Qualitative Disclosures About Market Risk.....................................    20

  Item 4 - Controls and Procedures........................................................................    21

Part II - Other Information

  Item 1 - Legal Proceedings..............................................................................    22

  Item 4 - Submission of Matters to a Vote of Security Holders............................................    22

  Item 6 - Exhibits and Reports on Form 8-K...............................................................    23

Signatures
</TABLE>


<PAGE>
PART I - FINANCIAL INFORMATION
Item 1 - Financial Statements

                          FLORIDA COMMUNITY BANKS, INC.
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                 June 30, 2003 (Unaudited) and December 31, 2002
<TABLE>
<CAPTION>

                                                                                    June 30,
                                                                                      2003           December 31,
                                                                                   (Unaudited)           2002
Assets
<S>                                                                             <C>               <C>
   Cash and due from banks...................................................   $     16,919,013  $      13,264,464
   Federal funds sold........................................................         42,534,000         32,902,000
   Interest-bearing deposits with banks......................................         11,863,240         12,668,201
                                                                                ----------------  -----------------
       Cash and Cash Equivalents.............................................         71,316,253         58,834,665

Securities available for sale................................................          2,874,977          2,874,977
Securities held-to-maturity, fair value of $24,097,958 and $34,120,018.......         23,422,714         33,339,505

Loans, net of unearned income................................................        419,690,362        416,414,676
Allowance for loan losses....................................................         (6,999,241)        (6,319,298)
                                                                                ----------------  -----------------
       Net Loans.............................................................        412,691,121        410,095,378

Premises and equipment, net..................................................         11,311,225         10,109,252
Accrued interest.............................................................          2,821,895          2,904,150
Foreclosed real estate.......................................................          2,733,435                 --
Deferred taxes, net..........................................................          3,341,990          1,960,513
Other assets.................................................................          1,101,551          1,329,363
                                                                                ----------------  -----------------
       Total Assets..........................................................   $    531,615,161  $     521,447,803
                                                                                ================  =================

Liabilities and Shareholders' Equity

Liabilities

Deposits
   Non-interest-bearing......................................................   $     71,599,373  $      54,478,258
   Interest-bearing..........................................................        362,525,887        369,456,264
                                                                                ----------------  -----------------
       Total Deposits........................................................        434,125,260        423,934,522

Federal Home Loan Bank advances..............................................         45,500,000         50,000,000
Other long-term debt.........................................................             30,945             39,415
Guaranteed preferred beneficial interests in the Company's
   subordinated debentures...................................................         10,000,000         10,000,000
Deferred compensation........................................................            399,337            424,745
Accrued interest.............................................................          1,328,231          1,866,824
Other liabilities............................................................          1,611,583            718,497
                                                                                ----------------  -----------------
       Total Liabilities.....................................................        492,995,356        486,984,003

Shareholders' Equity
   Common stock-par value $.01 per share, 10,000,000 shares
     authorized, 3,123,316 shares issued and outstanding.....................             31,233             31,233
   Paid-in capital...........................................................         16,680,055         16,680,055
   Retained earnings.........................................................         21,908,517         17,752,512
                                                                                ----------------  -----------------
       Total Shareholders' Equity............................................         38,619,805         34,463,800
                                                                                ----------------  -----------------

Total Liabilities and Shareholders' Equity...................................   $    531,615,161  $     521,447,803
                                                                                ================  =================
</TABLE>

                 See notes to consolidated financial statements

                                        3
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                    Three months Ended June 30, 2003 and 2002
                                   (Unaudited)
<TABLE>
<CAPTION>


                                                                                           Three Months
                                                                                          Ended June 30,
                                                                                      2003               2002
                                                                                ----------------  -----------------

Interest Income
<S>                                                                             <C>               <C>
   Interest and fees on loans................................................   $      7,955,513  $       6,968,466
   Interest and dividends
     Taxable securities......................................................            340,600            545,654
   Tax-exempt securities.....................................................                 --              1,431
   Interest on federal funds sold and other interest income..................            150,924            116,698
                                                                                ----------------  -----------------
       Total Interest Income.................................................          8,447,037          7,632,250
                                                                                ----------------  -----------------

Interest Expense
   Interest on deposits......................................................          2,181,406          2,538,692
   Interest on borrowed funds................................................            555,203            374,517
                                                                                ----------------  -----------------
       Total Interest Expense................................................          2,736,609          2,913,209
                                                                                ----------------  -----------------

Net Interest Income..........................................................          5,710,428          4,719,041

Provision for loan losses....................................................            300,000            280,000
                                                                                ----------------  -----------------

Net Interest Income After Provision for Loan Losses..........................          5,410,428          4,439,041

Noninterest Income
   Customer service fees.....................................................            469,837            431,055
   Insurance commissions.....................................................              2,495             10,995
   Other non-interest income.................................................            193,844            106,775
                                                                                ----------------  -----------------
       Total Noninterest Income..............................................            666,176            548,825
                                                                                ----------------  -----------------

Noninterest Expenses
   Salaries and employee benefits............................................          1,719,684          1,378,715
   Occupancy and equipment expense...........................................            391,080            384,754
   Other non-interest expenses...............................................            536,653            479,192
                                                                                ----------------  -----------------
       Total Noninterest Expenses............................................          2,647,417          2,242,661
                                                                                ----------------  -----------------

Income before income taxes...................................................          3,429,187          2,745,205
Provision for income tax expense.............................................          1,301,862          1,024,097
                                                                                ----------------  -----------------

Net Income...................................................................   $      2,127,325  $       1,721,108
                                                                                ================  =================

Earnings Per Common Share
   Basic.....................................................................   $           0.68  $           0.55
   Diluted...................................................................               0.68              0.55

Cash Dividends Declared
   Cash dividends declared per common share..................................   $           0.00  $           0.35

Weighted Average Shares Outstanding
   Basic.....................................................................          3,123,316          3,123,316
   Diluted...................................................................          3,142,273          3,140,456
</TABLE>

                 See notes to consolidated financial statements

                                       4

<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                     Six months Ended June 30, 2003 and 2002
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                            Six Months
                                                                                          Ended June 30,
                                                                                      2003               2002
                                                                                ----------------  -----------------

Interest Income
<S>                                                                             <C>                      <C>
   Interest and fees on loans................................................   $     15,800,272         13,393,735
   Interest and dividends
     Taxable securities......................................................            720,884          1,069,318
     Tax-exempt securities...................................................                 --              2,876
   Interest on federal funds sold and other interest income..................            229,915            217,904
                                                                                ----------------  -----------------
       Total Interest Income.................................................         16,751,071         14,683,833
                                                                                ----------------  -----------------

Interest Expense
   Interest on deposits......................................................          4,447,662          4,963,425
   Interest on borrowed funds................................................          1,107,210            758,047
                                                                                ----------------  -----------------
       Total Interest Expense................................................          5,554,872          5,721,472
                                                                                ----------------  -----------------

Net Interest Income..........................................................         11,196,199          8,962,361

Provision for loan losses....................................................            600,000            610,000
                                                                                ----------------  -----------------

Net Interest Income After Provision for Loan Losses..........................         10,596,199          8,352,361

Noninterest Income
   Customer service fees.....................................................            892,469            725,999
   Insurance commissions.....................................................              4,820             18,124
   Other non-interest income.................................................            395,369            367,923
   Securities gain...........................................................                 --             36,083
                                                                                ----------------  -----------------
       Total Noninterest Income..............................................          1,292,658          1,148,129
                                                                                ----------------  -----------------

Noninterest Expenses
   Salaries and employee benefits............................................          3,368,671          2,709,213
   Occupancy and equipment expense...........................................            759,226            772,360
   Other non-interest expenses...............................................          1,076,752            883,847
                                                                                ----------------  -----------------
       Total Noninterest Expenses............................................          5,204,649          4,365,420
                                                                                ----------------  -----------------

Income before income taxes...................................................          6,684,208          5,135,070
Provision for income tax expense.............................................          2,528,203          1,922,380
                                                                                ----------------  -----------------

Net Income...................................................................   $      4,156,005  $       3,212,690
                                                                                ================  =================

Earnings Per Common Share
   Basic.....................................................................   $           1.33  $           1.03
   Diluted...................................................................               1.32              1.02

Cash Dividends Declared
   Cash dividends declared per common share..................................   $           0.00  $           0.35

Weighted Average Shares Outstanding
   Basic.....................................................................          3,123,316          3,123,316
   Diluted...................................................................          3,139,884          3,139,703
</TABLE>

                 See notes to consolidated financial statements

                                       5
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
                         Six months Ended June 30, 2003
                                   (Unaudited)


<TABLE>
<CAPTION>


                                                   Common       Paid-in             Retained
                                                    Stock           Capital         Earnings             Total
                                               -------------    -------------    --------------    ----------------

<S>                 <C> <C>                    <C>              <C>              <C>               <C>
Balance at December 31, 2002..............     $      31,233    $  16,680,055    $   17,752,512    $     34,463,800

Net income - Six months ended
   June 30, 2003..........................                --               --         4,156,005           4,156,005
                                               -------------    -------------    --------------    ----------------

Balance at June 30, 2003..................     $      31,233    $  16,680,055    $   21,908,517    $     38,619,805
                                               =============    =============    ==============    ================

</TABLE>

                 See notes to consolidated financial statements

                                       6
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                     Six months Ended June 30, 2003 and 2002
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                            Six Months
                                                                                          Ended June 30,
                                                                                      2003               2002
                                                                                ----------------  -----------------

Operating Activities
<S>                                                                             <C>               <C>
   Net Income................................................................   $      4,156,005  $       3,212,690
   Adjustments to reconcile net income to net cash
     provided by operating activities:
       Provision for loan losses.............................................            600,000            610,000
       Depreciation, amortization, and accretion, net........................            363,580            288,942
       (Increase) decrease in accrued interest receivable....................             82,255             (7,773)
       Increase in accrued interest payable..................................           (538,593)           232,068
       Other, net............................................................           (295,317)            19,120
                                                                                ----------------  -----------------
       Net Cash Provided By Operating Activities.............................          4,367,930          4,355,047
                                                                                ----------------  -----------------

Investing Activities
   Net decrease (increase) in held-to-maturity securities....................          9,916,791         (6,408,181)
   Net decrease in available-for-sale securities.............................                 --             27,417
   Loans made to customers, net of repayments................................         (3,275,686)       (48,854,417)
   Purchase of fixed assets, net.............................................         (1,484,750)        (1,232,190)
   Net (increase) decrease in other real estate owned........................         (2,733,435)           (68,343)
                                                                                ----------------  -----------------
       Net Cash Provided By (Used In) Investing Activities...................          2,422,920        (56,535,714)
                                                                                ----------------  -----------------

Financing Activities
   Net increase (decrease) in noninterest-bearing deposits...................         17,121,115         (1,764,701)
   Net (decrease) increase in interest-bearing deposits......................         (6,930,377)        59,668,965
   Dividends paid............................................................                 --         (1,093,161)
   Repayment of short-term borrowings........................................                 --         (1,086,000)
   Repayment of subordinated note............................................                 --         (5,000,000)
   Repayment of Federal Home Loan Bank advances..............................         (4,500,000)        (7,500,000)
   Issuance of subordinated floating rate deferrable interest debentures.....                 --         10,000,000
                                                                                ----------------  -----------------
       Net Cash Provided By Financing Activities.............................          5,690,738         53,225,103
                                                                                ----------------  -----------------

Net Increase in Cash and Cash Equivalents....................................         12,481,588          1,044,436

Cash and Cash Equivalents at Beginning of Period.............................         58,834,665         23,039,128
                                                                                ----------------  -----------------

Cash and Cash Equivalents at End of Period...................................   $     71,316,253  $      24,083,564
                                                                                ================  =================
</TABLE>

                 See notes to consolidated financial statements

                                       7
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  June 30, 2003
                                   (Unaudited)


Note A - Basis of Presentation

The consolidated  financial statements include the accounts of Florida Community
Banks, Inc. ("FCBI") and its wholly-owned  subsidiaries,  Florida Community Bank
(the "Bank") and FCBI Capital Trust I ("the Trust"), collectively the "Company."
The accompanying  unaudited consolidated financial statements have been prepared
in  accordance  with  generally  accepted  accounting   principles  for  interim
financial  information and with the  instructions to Form 10-Q and Article 10 of
Regulation  S-X.  Accordingly,  they do not include all of the  information  and
footnotes  required by generally  accepted  accounting  principles  for complete
financial statements. In the opinion of management,  all adjustments (consisting
of normal recurring accruals)  considered necessary for a fair presentation have
been included.  Operating  results for the six-month  period ended June 30, 2003
are not necessarily  indicative of the results that may be expected for the year
ending December 31, 2003.

The statement of financial condition at December 31, 2002, has been derived from
the audited  financial  statements at that date, but does not include all of the
information and footnotes required by generally accepted  accounting  principles
for complete financial statements.

For further information, refer to the financial statements and footnotes thereto
for Florida Community Banks, Inc. for the year ended December 31, 2002, included
in Form 10-K filed in March 2003.


Note B - Critical Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements  and the  reported  amounts of revenues  and expenses
during the reporting period. Actual results could differ from those estimates.

The  determination  of the adequacy of the allowance for loan losses is based on
estimates  that are  particularly  susceptible  to  significant  changes  in the
economic environment and market conditions. In connection with the determination
of the estimated losses on loans,  management obtains independent appraisals for
significant collateral. While management uses available information to recognize
losses on loans,  further  reductions  in the  carrying  amounts of loans may be
necessary based on changes in local economic conditions. In addition, regulatory
agencies, as an integral part of their examination process,  periodically review
the estimated  losses on loans.  Such agencies may require the Bank to recognize
additional losses based on their judgments about  information  available to them
at the time of their  examination.  Because of these  factors,  it is reasonably
possible  that the estimated  losses on loans may change  materially in the near
term.  However,  the amount of the change that is reasonably  possible cannot be
estimated.

                                       8
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  June 30, 2003
                                   (Unaudited)


Note C - Income Taxes

The  effective tax rates of  approximately  37.8% and 37.4% for the three months
ended June 30, 2003 and 2002, respectively,  are more than the federal statutory
tax rate for  corporations  principally  because of the  effect of state  income
taxes, net of federal tax benefit.


Note D - Securities

The Company  applies the accounting and reporting  requirements  of Statement of
Financial  Accounting  Standards No. 115,  Accounting for Certain Investments in
Debt and Equity Securities ("SFAS 115").  This  pronouncement  requires that all
investments  in debt  securities  be  classified  as  either  "held-to-maturity"
securities,  which are reported at amortized cost; trading securities, which are
reported at fair value,  with unrealized  gains and losses included in earnings;
or  "available-for-sale"  securities,  which are  reported at fair  value,  with
unrealized  gains and losses  excluded  from earnings and reported in a separate
component of shareholders' equity (net of deferred tax effect).

At  June  30,   2003,   the  Bank  had  no  net   unrealized   gains/losses   in
available-for-sale  securities,  which are reflected in the presented assets and
resulted in no change in shareholders' equity. There were no trading securities.


Note E - Shareholders' Equity

In December 2002,  the Company  declared a stock split of 1.2 shares for each of
the  Company's  outstanding  shares of common  stock.  This effect of this stock
split  has  been  retroactively  reflected  in  the  financial  statements.  All
references to weighted average shares outstanding and per share amounts included
in the accompanying  financial  statements and notes reflect the stock split and
its retroactive effects.


Note F - Segment Information

All of the Company's offices offer similar products and services, are located in
the same geographic  region, and serve the same customer segments of the market.
As a  result,  management  considers  all  units as one  operating  segment  and
therefore  feels  that the basic  financial  statements  and  related  footnotes
provide details related to segment reporting.

                                       9

<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  June 30, 2003
                                   (Unaudited)


Note G - Stock-Based Compensation

The Company has long-term incentive stock option plans. The Company accounts for
those plans under the recognition and measurement  principles of APB Opinion 25,
Accounting for Stock Issued to Employees,  and related interpretations using the
intrinsic value based method, as permitted by Statement of Financial  Accounting
Standards (SFAS) No. 123, Accounting for Stock-based  Compensation.  In December
2002, the FASB issued SFAS No. 148,  Accounting for  Stock-Based  Compensation -
Transition  and  Disclosure.  This  statement  amends  SFAS No.  123 to  provide
alternative  methods of transition for an entity that voluntarily changes to the
fair value based method of accounting for stock-based employee compensation.  It
amends  the  disclosure  provisions  of  that  Statement  to  require  prominent
disclosure  about the effects on reported  net income of an entity's  accounting
policy  decisions  with  respect  to  stock-based  employee  compensation.  This
Statement  also  amends APB  Opinion  No. 28 to require  disclosure  about those
effects in interim  financial  information.  This  Statement  is  effective  for
financial  statements  for fiscal years  ending after  December 15, 2002 and for
financial reports containing  condensed financial statements for interim periods
beginning after December 15, 2002. No stock-based employee  compensation cost is
reflected in net income for these plans.

Pro forma  information  regarding net income and earnings per share is presented
as if the Company had  accounted  for its employee  stock options under the fair
value  method,  as  prescribed by SFAS No. 123. The fair value for these options
was  estimated  at the dates of grant  using the  Black-Scholes  option  pricing
model.

The Black-Scholes option valuation model was developed for use in estimating the
fair value of traded  options  that have no vesting  restrictions  and are fully
transferable.  In addition,  option valuation models require the input of highly
subjective  assumptions  including the expected stock price volatility.  Because
the  Company's  employee  stock  options  have   characteristics   significantly
different from those of traded  options,  and because  changes in the subjective
input  assumptions can materially  affect the fair value estimate,  the existing
models do not necessarily provide a reliable single measure of the fair value of
its employee stock options.

The Company  granted 6,000  options in 2003, at an exercise  price of $20.00 per
share.  These options vest 0 percent on the grant date, 40 percent at the end of
the first year and 20 percent at the end of each of the next three years.  Other
options granted include 55,200 (split  adjusted)  granted in 2001 at an exercise
price of  $15.00  per  share,  with  similar  terms and  conditions  as the 2003
options.  The  compensation  expense  related to the  granted  options  has been
allocated over the vesting period for purposes of pro forma disclosures. Options
expire ten years after the date of grant.

                                       10

<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  June 30, 2003
                                   (Unaudited)


Note G - Stock-Based Compensation - Continued

The Company's actual and pro forma information follows:

<TABLE>
<CAPTION>

                                                                                         Six Months Ended
                                                                                    June 30,           June 30,
                                                                                      2003               2002
                                                                                ----------------  -----------------

Net Income

<S>                                                                             <C>               <C>
As Reported..................................................................   $      4,156,005  $       3,212,690

Deduct: Total stock-based employee compensation expense
   determined under fair value based method for all  awards,
   net of tax................................................................             11,166             23,352
                                                                                ----------------  -----------------

Pro forma net income.........................................................   $      4,144,839  $       3,189,338
                                                                                ================  =================

Basic earnings per share:

As Reported..................................................................   $           1.33  $           1.03
                                                                                ================  ================

Pro forma....................................................................   $           1.33  $           1.02
                                                                                ================  ================

Diluted earnings per share:

As Reported..................................................................   $           1.32  $           1.02
                                                                                ================  ================

Pro forma....................................................................   $           1.32  $           1.02
                                                                                ================  ================
</TABLE>


Note H - Commitments and Contingencies

In the normal course of business the Company  enters into  commitments to extend
credit,  which  are  agreements  to lend to  customers  as long as  there  is no
violation of any condition  established in the contract.  Commitments  generally
have fixed expiration dates or other termination clauses and generally require a
payment of fees.  Since  commitments  may expire  without being drawn upon,  the
total reported above do not necessarily represent expected future cash flows.

Standby letters of credit are commitments issued by the Company to guarantee the
performance  of a customer to a third  party.  These  guarantees  are  primarily
issued  to  support  public  and  private  borrowing   arrangements,   including
commercial  paper,  bond  financing  and  similar  transactions,  and  expire in
decreasing  amounts with terms  ranging from one to four years.  The credit risk
involved in issuing  letters of credit is essentially  the same as that involved
in extending loan facilities to customers.

                                       11
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  June 30, 2003
                                   (Unaudited)


Note H - Commitments and Contingencies - Continued

The following represents the Company's  commitments to extend credit and standby
letters of credit as of June 30, 2003 and December 31, 2002:

<TABLE>
<CAPTION>

                                                                                           Period Ended
                                                                                -----------------------------------
                                                                                    June 30,         December 31,
                                                                                      2003               2002
                                                                                ----------------  -----------------

<S>                                                                             <C>               <C>
Commitments to extend credit.................................................   $    107,610,000  $      94,694,000

Standby and commercial letters of credit.....................................          4,699,000          5,852,000
                                                                                ----------------  -----------------

Total commitments and contingencies..........................................   $    106,949,000  $     100,546,000
                                                                                ================  =================
</TABLE>

              [The remainder of this page intentionally left blank]

                                       12
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003


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

This  discussion  is  intended  to  assist  an  understanding  of the  Company's
financial  condition and results of operations.  This analysis should be read in
conjunction  with  the  consolidated  financial  statements  and  related  notes
appearing  in  Item 1 of  the  June  30,  2003,  Form  10-Q,  and  "Management's
Discussion  and  Analysis of  Financial  Condition  and Results of  Operations,"
appearing  in the  Company's  Annual  Report  on Form  10-K for the  year  ended
December 31, 2002.

Forward-Looking Information

Certain  statements  contained in this Quarterly  Report on Form 10-Q, which are
not historical  facts,  are  forward-looking  in nature and relate to trends and
events that may affect the  Company's  future  financial  position and operating
results. In addition, the Company,  through its senior management,  from time to
time makes  forward-looking  public  statements  concerning its expected  future
operations  and  performance  and  other   developments.   All   forward-looking
statements  are made  pursuant  to the safe  harbor  provisions  of the  Private
Securities  Litigation  Reform Act of 1995. The terms  "expect,"  "anticipates,"
"intend" and "project" and similar words or expression  are intended to identify
forward-looking  statements.  In  addition to risks and  uncertainties  that may
affect  operations,  performance,  growth  projections  and the  results  of the
Company's business,  which include,  but are not limited to, fluctuations in the
economy,  the  relative  strength and  weakness in the  commercial  and consumer
sector and in the real estate market,  the actions taken by the Federal  Reserve
Board for the purpose of managing  the economy,  interest  rate  movements,  the
impact of competitive products,  services and pricing, timely development by the
Company of  technology  enhancements  for its  products and  operating  systems,
legislation and similar matters,  the Company's future operations,  performance,
growth  projections  and  results  will  depend on its ability to respond to the
challenges  associated  with a weakening  economy,  particularly  in real estate
development,  which is  prominent  in the  Company's  primary  market.  Although
management  of the Company  believes  that the  expectations  reflected  in such
forward-looking  statements are  reasonable,  it can give no assurance that such
expectations will prove to be correct.  Prospective investors are cautioned that
any such  forward-looking  statements are not guaranties of future  performance,
involve risks and  uncertainties,  and that actual results may differ materially
from those contemplated by such forward-looking statements. The Company makes no
commitment  to update any  forward-looking  statement  or to disclose any facts,
events or  circumstances  that may affect the  accuracy  of any  forward-looking
statement.


FINANCIAL CONDITION

June 30, 2003 compared to December 31, 2002

The Bank continued its operations  concentrating  in the origination of loans in
southwestern  Florida.  As discussed  more fully  below,  loan growth was modest
during the first six months of 2003. No significant  changes in operating  goals
or policies occurred during 2003.

                                       13

<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003


Loans

Loans comprised the largest single  category of the Company's  earning assets on
June 30,  2003.  Loans,  net of unearned  income and  reserve  for loan  losses,
totaled 79.0% of total assets at June 30, 2003 compared to 79.9% of total assets
at  December  31,  2002.  During the first six months of 2003,  loans  increased
approximately  $3.3 million,  a relatively  small increase  compared with recent
periods.  The rapid  influx of  population  to  southwest  Florida  continued to
influence  the demand  for real  estate  loans,  particularly  construction  and
development  loans.  That demand was tempered  somewhat by the national economic
conditions,  which included depressed stock market values, increased job losses,
and lower economic growth.

Investment Securities and Other Earning Assets

The investment securities portfolio is used to provide a source of liquidity, to
serve as collateral for borrowings  and to secure certain  government  deposits.
Federal  funds sold are the most liquid  earning asset and is used to manage the
daily cash position of the Company.  Investment  securities and other short-term
investments  decreased  $300  thousand  during  the first six months of 2003 and
totaled $69 million at June 30, 2003.

Asset Quality

From December 31, 2002 to June 30, 2003,  the Company's  asset quality  improved
slightly as measured by three key ratios.  The ratio of loan loss  allowance  to
total nonperforming  assets (defined as nonaccrual loans, loans past due 90 days
or greater,  restructured loans, nonaccruing securities,  and other real estate)
increased from 82.1% to 92.3%. The percentage of  nonperforming  assets to total
assets decreased from 1.48% to 1.43%, and the percentage of nonperforming  loans
to total loans  decreased  from 1.85% to 1.81%.  These ratios were affected by a
$113  thousand  decrease in  nonperforming  loans during the first six months of
2003.  All three ratios are comparable to industry  averages,  and management is
aware of no factors that would suggest that the Bank will perform less well than
its peer group in future periods.  In response to the increase in non-performing
loans during the past twelve months, the allowance for loan losses also has been
increased  from 1.21% of loans at June 30,  2002 to 1.67% at June 30,  2003,  an
increase of $2.6 million in the reserve.

During the first six months of 2003, recoveries on loans previously  charged-off
exceeded the amount of loans charged-off by $81 thousand.

Deposits

Total  deposits of $434.1  million at June 30, 2003  represented  an increase of
$10.2 million (2.4%) from total deposits of $423.9 million at year-end 2002. The
majority of the increase was attributable to two deposit  sources:  money market
accounts  and  demand  deposit  accounts.  Approximately  $30  million  of local
customer certificates of deposit,  Internet certificates of deposit (gathered by
posting  the Bank's  rates on an  Internet  bulletin  board  accessed by various
financial  institutions  in the United  States)  and  brokered  certificates  of
deposit  were  allowed to run off, as loan demand did not require the funds.  At
June 30,  2003,  brokered  certificates  of deposit  totaled  approximately  $74
million and Internet certificates of deposit totaled approximately $36 million.

                                       14

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003

Shareholders' Equity

Shareholders'  equity  increased $4.2 million from December 31, 2002 to June 30,
2003,  due to retained net income  during the six months 2003.  On June 30, 2003
the Company and the Bank  exceeded  the  regulatory  minimums  and  qualified as
well-capitalized  under the regulations of the Federal Reserve System, the State
of Florida, and the FDIC.

Liquidity Management

Liquidity  is  defined  as the  ability  of a  company  to  convert  assets  (by
liquidating or pledging for borrowings)  into cash or cash  equivalents  without
significant loss.  Liquidity management involves maintaining the ability to meet
the  day-to-day  cash  flow  requirements  of its  customers,  whether  they are
depositors wishing to withdraw funds or borrowers  requiring funds to meet their
credit needs. Without proper liquidity management, the Company would not be able
to  perform  the  primary  function  of  a  financial  intermediary  and  would,
therefore,  not  be  able  to  meet  the  production  and  growth  needs  of the
communities it serves.

The primary  function of asset and  liability  management  is not only to ensure
adequate  liquidity in order to meet the needs of its customer base, but also to
maintain  an  appropriate   balance   between   interest-sensitive   assets  and
interest-sensitive  liabilities so that the Company can also meet the investment
requirements of its  shareholders.  Daily  monitoring of the sources and uses of
funds  is  necessary  to  maintain  an  acceptable   position  that  meets  both
requirements. To the Company, both assets and liabilities are considered sources
of liquidity funding and both are, therefore, monitored on a daily basis.

The asset portion of the balance sheet provides liquidity primarily through loan
principal repayments and maturities of investment securities.  Loans that mature
in one year or less equaled  approximately  $137  million at June 30, 2003,  and
there are approximately $10 million of investment securities maturing within one
year.

The liability  portion of the balance sheet provides  liquidity through deposits
to various customers' interest-bearing and noninterest-bearing deposit accounts.
At June 30,  2003,  funds also were  available  through the  purchase of federal
funds  from  correspondent  commercial  banks from  available  lines of up to an
aggregate of $25 million and credit  availability  at the Federal Home Loan Bank
("FHLB") of up to 15% of assets (approximately $80 million) of which $34 million
is  available  and  unused.  At June 30,  2003,  the bank had unused  collateral
totaling  approximately $15 million, thus limiting the FHLB advances potentially
available to that amount.

Capital Resources

A strong capital position is vital to the continued profitability of the Company
and the Bank because it promotes depositor and investor  confidence and provides
a solid  foundation  for future  growth of the  organization.  The  Company  has
provided a significant portion of its capital requirements through the retention
of earnings.

On June 21, 2002,  FCBI Capital  Trust I ("FCBI  Trust"),  a Delaware  statutory
trust established by the Company,  received  $10,000,000 in proceeds in exchange
for $10,000,000  principal amount of FCBI Trust's floating rate cumulative trust
preferred  securities (the "preferred  securities") in a trust preferred

                                       15

<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003

private placement. The proceeds of that transaction were then used by FCBI Trust
to  purchase an equal  amount of  floating  rate  subordinated  debentures  (the
"subordinated   debentures")   of  the  Company.   The  Company  has  fully  and
unconditionally guaranteed all obligations of FCBI Trust on a subordinated basis
with  respect to the  preferred  securities.  The Company  accounts for the FCBI
Trust  preferred   securities  as  a  minority  interest.   Subject  to  certain
limitations,  the  preferred  securities  qualify  as  Tier 1  capital  and  are
presented in the Consolidated  Statements of Financial  Condition as "Guaranteed
preferred  beneficial interests in the Company's  subordinated  debentures." The
sole asset of FCBI Trust is the subordinated  debentures  issued by the Company.
Both the preferred  securities of FCBI Trust and the subordinated  debentures of
the Company each have approximately 30-year lives. However, both the Company and
FCBI Trust have a call  option of five  years,  subject  to  regulatory  capital
requirements.

On June 13,  2002,  the Company  entered  into a  $5,000,000,  360-day term loan
agreement with The Bankers Bank, Atlanta,  Georgia, at an interest rate of prime
less one-half (P-1/2%). The Company has pledged 51% of the outstanding shares of
the Bank as  collateral  on this note. At June 30, 2003, no portion of this loan
was outstanding.

Regulatory  authorities  are placing  increased  emphasis on the  maintenance of
adequate capital.  Capital strength is measured in two tiers,  which are used in
conjunction  with  risk-adjusted  assets to  determine  the  risk-based  capital
ratios.  The  Company's  Tier I capital,  which  consists of common  equity less
goodwill and the newly issued guaranteed  preferred  beneficial  interest in the
Company's subordinated debentures,  subject to limitation, totaled $48.6 million
at June 30,  2003.  Tier II  capital  components  include  supplemental  capital
components  such as qualifying  allowance for loan losses and the portion of the
guaranteed   preferred   beneficial  interest  in  the  Company's   subordinated
debentures  which exceeds the allowable  Tier I capital  amount.  Tier I capital
plus the Tier II capital  components is referred to as Total Risk-Based  capital
and was $54.5 million at June 30, 2003.

The Company's current capital positions exceed the "well-capitalized" regulatory
guidelines.  Management  has reviewed and will continue to monitor the Company's
asset mix and the loan loss allowance, which are the areas determined to be most
affected by these capital requirements.


RESULTS OF OPERATIONS

Three months ended June 30, 2003 and 2002

Summary

Net earnings of the Company for the three  months  ended June 30, 2003,  totaled
$2,127,325  compared to $1,721,108  for the same period in 2002,  representing a
23.6%  increase.  The  increase  was due  principally  to the  effect  of a $991
thousand  increase in net interest  income,  partially offset by a $405 thousand
increase in operating  expenses.  As explained more fully below, the increase in
net interest income was due to an increased volume of loans and interest-bearing
deposits, each partially offset by a decline in rates.

                                       16
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003



Net Interest Income

Net interest  income,  the difference  between interest earned on assets and the
cost of interest-bearing  liabilities, is the largest component of the Company's
income.  Net  interest  income  during  the three  months  ended  June 30,  2003
increased $991 thousand  (21.0%) from the same period in 2002. This increase was
due  primarily to the increase in loan interest and fee income and a decrease in
deposit interest expense. Interest income increased due to greater earning asset
volume,  partially offset by a decline in the rate.  Interest expense  decreased
due to greater  volume  more than  offset by the  declines  in the rate paid for
deposits.  Earning assets  averaged  $494.6 million during the second quarter of
2003 compared to $419.7 million in the second quarter of 2002,  with most of the
increase due to loan volume. Average interest-bearing liabilities increased from
$388.7  million  during the second  quarter of 2002 to $415.8 million during the
same period in 2003, primarily due to an increase in certificates of deposit.

The Company was in an interest  sensitive  position  during 2003 and 2002 with a
larger  dollar  amount of  interest-earning  assets  subject to  repricing  than
interest-bearing  liabilities.  Therefore,  during 2003 and 2002 when rates were
generally  declining,  the  Company's  loan and  investment  portfolios  rapidly
repriced at lower rates and reduced the net interest margin. Conversely,  during
periods when rates  generally  increase,  the Company may benefit from increased
net interest income due to its asset sensitive position.

Provision for Loan Losses

The provision for loan losses  represents  the charge against  current  earnings
necessary  to maintain  the reserve for loan losses at a level which  management
considers appropriate. This level is determined based upon the Bank's historical
charge-offs,   management's  assessment  of  current  economic  conditions,  the
composition  of the loan  portfolio and the levels of  nonaccruing  and past due
loans.  The  provision  for loan losses was $300  thousand  for the three months
ended June 30, 2003  compared to $280  thousand  during the same period in 2002.
Loans  charged off exceeded  recoveries  by  approximately  $20 thousand for the
three months  ended June 30, 2003.  During the three months ended June 30, 2002,
net recoveries totaled $8 thousand.  The reserve for loan losses as a percent of
outstanding loans, net of unearned income, was 1.67% at June 30, 2003,  compared
to 1.52% at year-end 2002.

Noninterest Income

Noninterest  income for the three  months  ended  June 30,  2003,  was  $666,176
compared to  $548,825  for the same  period of 2002,  an increase of 21.4%.  The
increase was primarily due to an increase in customer service fees and secondary
market loan fees.  During 2003, the Bank earned increased fees for cash provided
to customers and for secondary market loan services due primarily to volume.

Noninterest Expenses

Noninterest  expenses for the three months ended June 30, 2003,  were $2,647,417
reflecting an 18% increase from the same period of 2002. The primary  components
of noninterest expenses are salaries and employee benefits, which increased $341
thousand for the three months ended June 30, 2003 compared to the same period in
2002,  caused  by  additional  staff  at new  branches  and  added  staff in the
secondary  loan market  department.  Occupancy  costs,  during this same period,
increased  by  approximately  $6 thousand due to the new branch  offices  opened
during 2002.

                                       17
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003

Income Taxes

The provision for income taxes of $1,301,862 for the three months ended June 30,
2003, increased $278 thousand compared to the same period of 2002, due to higher
taxable  earnings.  The  effective  tax rate for both  periods  is more than the
statutory  federal rate  principally  because of state income taxes,  net of the
federal tax benefit.

Six months ended June 30, 2003 and 2002

Summary

Net  earnings  of the Company for the six months  ended June 30,  2003,  totaled
$4,156,005  compared to $3,212,690  for the same period in 2002,  representing a
29.4% increase.  The increase was due principally to an increase in net interest
income after  provision for loan losses of $2.2 million  partially  offset by an
increase in non-interest expense of $839 thousand.

Net Interest Income

Net  interest  income of the Company  during the six months ended June 30, 2003,
increased $2.2 million  (24.9%) from the same period in 2002.  This increase was
due  primarily  to the increase in loan  interest  and fee income and  decreased
deposit  interest  expense.  The increase loan interest was caused  primarily by
volume  increases  and the  decrease in deposit  interest  expense was caused by
lower rates paid on a higher volume.

The  Company  was in an asset  sensitive  position  during  2003 and 2002 with a
larger  dollar amount of  interest-earning  assets  subject to  re-pricing  than
interest-bearing  liabilities.  During  the first six  months of 2002 when rates
were generally  declining,  the Company's  interest income has been reduced at a
faster rate than the cost of liabilities. During 2003 rates remained low and the
Company's cost of deposits also re-priced at lower rates,  thus  contributing to
the improved net interest income.

Provision for Loan Losses

The  provision  for loan losses was  $610,000  for the six months ended June 30,
2002 and $600,000 for the comparable  period in 2003. Net recoveries  during the
six  months   ending  June  30,  2002  totaled  $80   thousand.   The  level  of
non-performing  loans  did not  change  significantly  during  the  period  from
December 31, 2002 to June 30, 2003.

Noninterest Income

Noninterest  income  for the six  months  ended June 30,  2003,  was  $1,292,658
compared to $1,148,129  for the same period of 2002.  The increase was caused by
an increase in charges for cash services to customers and secondary  market loan
fees.

                                       18
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003


Noninterest Expenses

Noninterest  expenses for the six months ended June 30, 2003, totaled $5,204,649
and reflected a 19.2% increase from the same period of 2002. Both employee costs
and occupancy  expenses increased due to a new branch office opening in mid-2002
and due to added staff in the secondary market loan department.

Income Taxes

The provision  for income taxes of $2,528,203  for the six months ended June 30,
2003 increased  $606 thousand  compared to the same period of 2002 due to higher
earnings.  The effective tax rates of approximately  37.8% for 2003 and 37.4% in
2002 were higher  than the  federal  tax rate due to the effect of state  income
tax, net of federal tax benefit.

Other Accounting Issues

In November  2002,  the Auditing  Standards  Board issued  Statement on Auditing
Standards  ("SAS")  No.  100,  Interim  Financial  Information.  This  statement
supersedes  SAS No. 71 and  establishes  revised  standards  and guidance on the
nature,  timing,  and extent of the procedures to be performed by an independent
accountant when conducting a review of interim financial  information.  This SAS
is effective for interim  periods within fiscal years  beginning  after December
15, 2002.  The impact on the interim  consolidated  financial  statements of the
Company resulting from the issuance of this auditing standard is not expected to
be material.

In January 2003, the Auditing  Standards Board issued SAS No. 101, Auditing Fair
Value  Measurements and  Disclosures.  This statement  establishes  standards on
auditing the  measurement  and disclosure of assets,  liabilities,  and specific
components  of  equity  presented  or  disclosed  at  fair  value  in  financial
statements. This SAS is effective for audits of financial statements for periods
beginning  on or after June 15, 2003.  The impact on the audit of the  Company's
consolidated  financial  statements resulting from the issuance of this auditing
standard is not expected to be material.

In January 2003, the Financial  Accounting  Standards  Board ("FASB") issued FIN
46, which clarifies the application of Accounting  Research Bulletin ("ARB") 51,
Consolidated Financial Statements, to certain entities (called variable interest
entities)  in  which  equity  investors  do not have  the  characteristics  of a
controlling  financial interest or do not have sufficient equity at risk for the
entity to finance  its  activities  without  additional  subordinated  financial
support from other parties.  The disclosure  requirements of this Interpretation
are effective for all financial  statements  issued after January 31, 2003.  The
consolidation requirements apply to all variable interest entities created after
January 31, 2003. In addition,  public  companies  must apply the  consolidation
requirements  to variable  interest  entities  that existed prior to February 1,
2003 and remain in  existence as of the  beginning of annual or interim  periods
beginning after June 15, 2003.  Management is currently  assessing the impact of
FIN 46, and does not expect this Interpretation to have a material impact to the
Consolidated Financial Statements.

In April 2003,  the FASB issued  Statement  of  Financial  Accounting  Standards
("SFAS") No. 149,  Amendment  of Statement  133 on  Derivative  instruments  and
Hedging Activities. The provisions of this Statement are effective for contracts
entered  into  or  modified  after  June  20,  2003  and  hedging  relationships
designated  after June 30,  2003,  and  generally  require that  contracts  with
comparable characteristics be accounted for similarly. Except for the provisions
related to FASB Statement No. 133,

                                       19
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003

Accounting for Derivative Instruments and Hedging Activities,  all provisions of
this Statement should be applied prospectively.  The provisions of the Statement
related to Statement  133  Implementation  Issues that have been  effective  for
fiscal quarters that begin prior to June 15, 2003, should continue to be applied
in  accordance  with  their  respective  effective  dates.  We do not expect the
adoption of the  provisions of this  Statement to have a material  effect on the
Company's operating results or financial position.

In May 2003,  the FASB  issued SFAS No. 150,  Accounting  for Certain  Financial
Instruments with  Characteristics of both Liabilities and Equity. This statement
establishes  standards  for  how  an  issuer  classifies  and  measures  certain
financial  instruments with  characteristics  of both liabilities and equity. It
requires  liability  treatment  for  certain  financial  instruments  which  had
previously  been  recognized as equity.  The  provisions  of this  Statement are
effective for financial instruments entered into or modified after May 31, 2003,
and  otherwise  are  effective  at the  beginning  of the first  interim  period
beginning  after  June  15,  2003.  It is to be  implemented  by  reporting  the
cumulative effect of a change in accounting principle for financial  instruments
created  before May 15, 2003 and still  existing at the beginning of the interim
period of adoption.  Restatement is not permitted. We do not expect the adoption
of the provisions of this  Statement to have a material  effect on the Company's
operating results or financial position.


Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Market  risk is the risk  arising  from  adverse  changes  in the fair  value of
financial  instruments  due to a change in interest  rates,  exchange  rates and
equity prices.  The Company's  primary  market risk arises from the  possibility
that interest  rates may change  significantly  and affect the fair value of the
Company's financial instruments (also known as interest rate risk).

The primary objective of Asset/Liability  Management at the Company is to manage
interest  rate risk and achieve  reasonable  stability  in net  interest  income
throughout  interest rate cycles.  This is achieved by  maintaining a reasonable
balance   between   rate   sensitive   earning   assets   and   rate   sensitive
interest-bearing  liabilities.  The amount  invested in rate  sensitive  earning
assets  compared  to the  amount of rate  sensitive  liabilities  issued are the
principal factors in projecting the effect that fluctuating  interest rates will
have on future net interest income and the fair value of financial  instruments.
Rate sensitive  earning assets and  interest-bearing  liabilities are those that
can be re-priced to current market rates within a given time period.  Management
monitors  the rate  sensitivity  of all  interest  earning  assets and  interest
bearing  liabilities,  but places particular  emphasis on the upcoming year. The
Company's Asset/Liability Management policy requires risk assessment relative to
interest  pricing and related  terms and places limits on the risk to be assumed
by the Company.

The Company uses several tools to monitor and manage interest rate  sensitivity.
One of the primary tools is simulation analysis. Simulation analysis is a method
of estimating the fair value of financial instruments, the earnings at risk, and
capital at risk under varying interest rate conditions.  Simulation  analysis is
used to estimate  the  sensitivity  of the  Company's  net  interest  income and
stockholders' equity to changes in interest rates.  Simulation analysis accounts
for the  expected  timing and  magnitude of assets and  liability  cash flows as
interest rates change,  as well as the expected  timing and magnitude of deposit
flows and rate changes  whether or not these deposits  re-price on a contractual
basis. In addition, simulation analysis includes adjustments for the lag between
movements in market interest rates on loans

                                       20
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003

and  interest-bearing  deposits.  These  adjustments  are made to  reflect  more
accurately  possible future cash flows,  re-pricing  behavior and ultimately net
interest income.

As of June 30,  2003,  the  Company's  simulation  analysis  indicated  that the
Company is at greatest risk in a decreasing interest rate environment. The table
that follows depicts the results of the simulation  assuming one and two percent
decreases and increases in market interest rates.

<TABLE>
<CAPTION>

                                                              Estimated Fair Value of Financial Instruments
                                                   ----------------------------------------------------------------
                                                       Down              Up             Down               Up
                                                     1 Percent        1 Percent       2 Percent         2 Percent
                                                   ------------    -------------    -------------    --------------
                                                                          Dollars in Thousands
Interest-earning Assets:
<S>                                                <C>             <C>              <C>              <C>
   Loans.........................................  $    421,020    $     408,355    $     427,113    $      402,366
   Federal funds sold and cash equivalents.......        54,397           54,397           54,397            54,397
   Securities....................................        24,961           23,779           25,206            22,759
                                                   ------------    -------------    -------------    --------------
     Total Interest-earning Assets...............       500,378          486,531          506,716           479,522
                                                   ------------    -------------    -------------    --------------

Interest-bearing Liabilities
   Deposits - Savings and demand.................       142,702          137,824          145,140           135,386
   Deposits - Time...............................       224,477          220,051          226,689           217,839
   Other borrowings..............................        46,618           44,383           47,735            43,265
                                                   ------------    -------------    -------------    --------------
     Total Interest-bearing Liabilities..........       413,797          402,258          419,564           396,490
                                                   ------------    -------------    -------------    --------------

Net Difference in Fair Value.....................  $     86,581    $      84,273    $      87,152    $       83,032
                                                   ============    =============    =============    ==============

Change in Net Interest Income....................  $       (442)   $         318    $        (994)   $          626
                                                   ============    =============    ==============   ==============
</TABLE>


Item 4.  Controls and Procedures

Evaluation of disclosure controls and procedures

The Company has  evaluated  the  effectiveness  of its  disclosure  controls and
procedures  pursuant to Securities  Exchange Act Rule 13a-14. The evaluation was
performed  under  the  supervision  and with the  participation  of  management,
including the chief executive officer and the chief financial officer, within 90
days prior to the date of the  filing of this  quarterly  report.  Based on this
evaluation,  the chief  executive  officer  and  chief  financial  officer  have
concluded that the disclosure  controls and procedures are effective in ensuring
that all material information required to be disclosed in this annual report has
been  communicated  to them in a manner  appropriate  to allow timely  decisions
regarding required disclosure.

Changes in internal controls

Subsequent to the date of their evaluation, there were no significant changes in
internal  controls or other  factors that could  significantly  affect  internal
controls,   including  any   corrective   actions  with  regard  to  significant
deficiencies and material weaknesses.

                                       21

<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003

PART II - Other Information

  Item 1 - Legal Proceedings

In the ordinary course of business, the Company is subject to legal proceedings,
which involve claims for substantial  monetary relief.  However,  based upon the
advice  of  legal  counsel,   management  is  of  the  opinion  that  any  legal
proceedings,  individually or in the aggregate, will not have a material adverse
effect on the Company's financial condition or results of operations.

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

The Annual Meeting of Shareholders  (the "Annual  Meeting") of Florida Community
Bank was held on April 16, 2003, to consider the election of directors (Proposal
I) and to allow adjournment of the Annual Meeting if a quorum was not present in
person or by proxy (Proposal II), an issue made moot since a quorum was present.

At the Annual Meeting,  2,217,950 shares were present in person or by proxy. The
following is a summary and tabulation of the matters that were voted upon at the
Annual Meeting:

PROPOSAL I. Election of Directors :

<TABLE>
<CAPTION>

                                                                                  FOR                 WITHHELD
                                                                           ------------------    ------------------
<S>                                                                             <C>                       <C>
       Beauford E. Davidson                                                     2,216,617                 1,333
       Patrick B. Langford                                                      2,216,617                 1,333
       Lewis J. Nobles, Jr.                                                     2,216,978                   972
       John R. Olliff                                                           2,216,978                   972
       James O'Quinn                                                            2,216,978                   972
       Stephen L. Price                                                         2,216,622                 1,328
       Bernard T. Rasmussen                                                     2,216,978                   972
       R.A. Roberts                                                             2,216,978                   972
       Daniel G. Rosbough                                                       2,216,978                   972
       James E. Williams, Jr.                                                   2,216,978                   972

PROPOSAL II.  Adjournment if Necessary:

                                                             FOR                 AGAINST               ABSTAIN
                                                     ------------------    ------------------    ------------------
                                                           2,114,627               87,113                16,210

</TABLE>

              [The remainder of this page intentionally left blank]

                                       22
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003

<TABLE>
<CAPTION>

Item 6  - Exhibits and Reports on Form 8-K

Exhibit No.                                Exhibit                                    Page
-----------   ------------------------------------------------------------------   -----------

<S> <C>                                                                                <C>
    (a)       Financial Statements, Financial Schedules and Exhibits.

    3.1       Articles  of  Incorporation  of  FCBI  (included as Exhibit 3.1 to
              FCBI's  Registration  Statement  on Form 8-A filed with the SEC on
              April 15, 2002 and incorporated herein by reference).

    3.2       By-laws  of  FCBI  (included as Exhibit 3.2 to FCBI's Registration
              Statement  on  Form  8-A  filed with the SEC on April 15, 2002 and
              incorporated herein by reference).

    4.1       Subordinated  Promissory  Note,  dated  December 24, 2001, between
              Florida  Community  Bank  and  Independent Bankers Bank of Florida
              (included  as  Exhibit  4.1 to the Bank's Form 10-KSB for the year
              ended December 31, 2002, and incorporated herein by reference).

    4.2       Specimen Common Stock Certificate of FCBI (included as Exhibit 4.1
              to FCBI's Registration Statement on Form 8-A filed with the SEC on
              April 15,2002 and incorporated herein by reference).

    10.1      2002  Key Employee Stock Compensation Program of FCBI (included as
              Appendix  D  to the Bank's Definitive Schedule 14-A filed with the
              FDIC on March 22, 2002 and incorporated herein by reference).

    10.2      Guarantee  Agreement  between  Florida  Community  Banks,  Inc. as
              guarantor,  and  Wilmington  Trust  Company  as guarantee trustee,
              dated  as  of  June  21,  2002  (included  as  Exhibit 10.4 to the
              Company's  Form  10-Q  for  the  quarter  ended June 30, 2002, and
              incorporated herein by reference).

    10.3      Junior  Subordinated  Indenture  between  Florida Community Banks,
              Inc. (as Company) and Wilmington Trust Company (as trustee), dated
              as  of  June  21,  2002 (included as Exhibit 10.5 to the Company's
              Form  10-Q  for  the quarter ended June 30, 2002, and incorporated
              herein by reference).


    10.4      Term  Loan Agreement between Florida Community Banks, Inc. and The
              Bankers  Bank,  Atlanta, Georgia, dated June 13, 2002 (included as
              Exhibit 10.6 to the Company's Form 10-Q for the quarter ended June
              30, 2002, and incorporated herein by reference).

    11        Statement re: computation of earnings per common share                   26

                                       23
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2003


Exhibit No.                                Exhibit                                    Page
-----------   ------------------------------------------------------------------   -----------

    31.1      Chief  Executive  Officer - Certification   pursuant Section  302,
              as  adopted of the Sarbanes-Oxley Act of 2002                            27

    31.2      Chief  Financial  Officer - Certification   pursuant Section  302,
              as  adopted of the Sarbanes-Oxley Act of 2002                            28

    32.1      Chief  Executive  Officer - Certification   pursuant Section  906,
              as  adopted of the Sarbanes-Oxley Act of 2002                            29

    32.2      Chief  Financial  Officer - Certification   pursuant Section  906,
              as  adopted of the Sarbanes-Oxley Act of 2002                            29

    99.1      Code  of  Ethics  (included as Exhibit  99.1 to the Company's Form
              8-K filed on March 3, 2003, and incorporated herein by reference.)

    (b) Reports on Form 8-K

              On  April  16,  2003 Florida Community Banks, Inc. filed a current
              report  on   Form  8-K  in  which  it  furnished  a press  release
              announcing its  financial results for the three-month period ended
              March 31,  2003,  pursuant to Item 9 in satisfaction of Item 12 --
              Disclosure  of  Results  of  Operations and Financial Condition in
              accordance with  Guidelines  issued by the Securities and Exchange
              Commission in Release 33-8216. A copy of this press release, dated
              April 16,  2003,  was attached as an exhibit to the current report
              on Form 8-K.

</TABLE>

             [The remainder of this page intentionally left blank.]

                                       24

<PAGE>


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.


                   FLORIDA COMMUNITY BANKS, INC.



                   By:  /s/ Stephen L. Price                     August 12, 2003
                      -------------------------------------      ---------------
                      Stephen L. Price                           Date
                      President and Chief Executive Officer




                        /s/ Thomas V. Ogletree                   August 12, 2003
                      -------------------------------------      ---------------
                      Thomas V. Ogletree                         Date
                      Chief Financial Officer

                                       25
<PAGE>

Exhibit 11 - Statements Re: Computation of Per Share Earnings


                          FLORIDA COMMUNITY BANKS, INC.

                    COMPUTATION OF EARNINGS PER COMMON SHARE



The following  tabulation presents the calculation of basic and diluted earnings
per common share for the three-month  and six-month  periods ended June 30, 2003
and 2002.  Average shares  outstanding  have been  retroactively  adjusted on an
equivalent  share  basis for the  effects of the stock  dividends  and splits as
discussed in the notes to the financial statements.

<TABLE>
<CAPTION>

                                                                Three Months                   Six Months
                                                               Ended June 30,                Ended June 30,
                                                     ------------------------------   -----------------------------
                                                          2003            2002             2003           2002
                                                     -------------    -------------   -------------  --------------

Basic Earnings Per Share:
<S>                                                  <C>              <C>             <C>            <C>
   Net income....................................    $   2,127,325    $   1,721,108   $   4,156,005  $    3,212,690
                                                     =============    =============   =============  ==============

   Earnings on common shares.....................    $   2,127,325    $   1,721,108   $   4,156,005  $    3,212,690
                                                     =============    =============   =============  ==============

   Weighted average common shares
     outstanding - basic.........................        3,123,316        3,123,316       3,123,316       3,123,316
                                                     =============    =============   =============  ==============

   Basic earnings per common share...............    $        0.68    $        0.55   $        1.33  $         1.03
                                                     =============    =============   =============  ==============

Diluted Earnings Per Share:
   Net income....................................    $   2,127,325    $   1,721,108   $   4,156,005  $    3,212,690
                                                     =============    =============   =============  ==============

   Weighted average common shares
     outstanding - diluted.......................        3,142,273        3,140,456       3,139,884       3,139,703
                                                     =============    =============   =============  ==============

   Diluted earnings per common share.............    $        0.68    $        0.55   $        1.32  $         1.02
                                                     =============    =============   =============  ==============
</TABLE>

                                       26
<PAGE>
EXHIBIT 31.1

                           CERTIFICATION PURSUANT TO
                 SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Stephen L. Price, certify that:

1.   I have reviewed  this  quarterly  report on Form 10-Q of Florida  Community
     Banks, Inc.

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officer and I have  indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date:  August 12, 2003

/s/    Stephen L. Price
--------------------------
Stephen L. Price
Chief Executive Officer

                                       27
<PAGE>
EXHIBIT 31.2

                           CERTIFICATION PURSUANT TO
                 SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Thomas V. Ogletree, certify that:

1.   I have reviewed  this  quarterly  report on Form 10-Q of Florida  Community
     Banks, Inc.

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  registrant's  other  certifying  officer  and  I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the "Evaluation Date"); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The registrant's  other certifying  officer and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of  registrant's  board of directors (or persons  performing  the
     equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officer and I have  indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.

Date:  August 12, 2003

/s/    Thomas V. Ogletree
--------------------------
Thomas V. Ogletree
Chief Financial Officer

                                       28
<PAGE>

EXHIBIT 32.1

                            CERTIFICATION PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with Florida Community Banks, Inc.'s ("Company")  Quarterly Report
on Form  10-Q  for the  period  ended  June  30,  2003  ("Report"),  each of the
undersigned certify that:

1.   The Report fully complies with the  requirements  of Section 13(a) or 15(d)
     of the Securities Exchange Act of 1934; and

2.   The information  contained in the Report fairly  presents,  in all material
     respects, the financial condition and results of operations of the Company.



Date:   August 12, 2003                 By:   /s/ Stephen L. Price
                                           -------------------------------------
                                           Stephen L. Price
                                           President and Chief Executive Officer



EXHIBIT 32.2

                            CERTIFICATION PURSUANT TO
                 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with Florida Community Banks, Inc.'s ("Company")  Quarterly Report
on Form  10-Q  for the  period  ended  June  30,  2003  ("Report"),  each of the
undersigned certify that:

1.   The Report fully complies with the  requirements  of Section 13(a) or 15(d)
     of the Securities Exchange Act of 1934; and

2.   The information  contained in the Report fairly  presents,  in all material
     respects, the financial condition and results of operations of the Company.



Date:   August 12, 2003                 By:   /s/ Thomas V. Ogletree
                                           -------------------------------------
                                           Thomas V. Ogletree
                                           Chief Financial Officer


                                       29