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
          MARCH 31, 2005


[   ]     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       X    No
                         ------       ------


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 May 5, 2005: 4,548,939



<PAGE>



                                    Form 10-Q

                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005




                                TABLE OF CONTENTS
<TABLE>

                                                                                                           Page No.
Part I - Financial Information

  Item 1 - Consolidated Financial Statements (Unaudited)



           Consolidated Statements of Financial Condition as of March 31, 2005
<S>                        <C> <C>                                                                             <C>
              and December 31, 2004.......................................................................     3


           Consolidated Statements of Income For The Three Months Ended

              March 31, 2005 and 2004.....................................................................     4

           Consolidated Statement of Shareholders' Equity For The Three Months
              Ended March 31, 2005........................................................................     5

           Consolidated Statements of Cash Flows For The Three Months
              Ended March 31, 2005 and 2004...............................................................     6

           Notes to Consolidated Financial Statements.....................................................     7

  Item 2 - Management's Discussion and Analysis of
           Financial Condition and Results of Operations..................................................    12

  Item 3 - Quantitative and Qualitative Disclosures About Market Risk.....................................    19

  Item 4 - Controls and Procedures........................................................................    20


Part II - Other Information


  Item 1 - Legal Proceedings..............................................................................    21

  Item 6 - Exhibits.......................................................................................    21
</TABLE>


  Signatures

                                       2

<PAGE>


PART I - FINANCIAL INFORMATION
Item 1 - Financial Statements

                          FLORIDA COMMUNITY BANKS, INC.

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                March 31, 2005 (Unaudited) and December 31, 2004

<TABLE>

                                                                                    March 31,
                                                                                      2005           December 31,
                                                                                   (Unaudited)           2004

Assets

<S>                                                                             <C>               <C>
   Cash and due from banks...................................................   $     25,271,509  $      18,665,823
   Interest-bearing deposits with banks......................................          1,422,123            948,255
   Fed funds sold............................................................          2,411,000                  -
                                                                                ----------------  ------------------
       Cash and Cash Equivalents.............................................         29,104,632         19,614,078

Securities available-for-sale................................................          4,984,265          4,935,077
Securities held-to-maturity, fair value of $65,821,275 in 2005
   and $68,991,864 in 2004...................................................         67,173,570         69,330,160

Loans, net of unearned income................................................        610,443,954        552,509,155
Allowance for loan losses....................................................         (9,814,285)        (9,791,269)
                                                                                ----------------  -----------------
       Net Loans.............................................................        600,629,669        542,717,886

Premises and equipment, net..................................................         13,520,648         13,345,071
Accrued interest.............................................................          3,675,661          3,289,678
Foreclosed real estate.......................................................          2,203,435          2,203,435
Deferred taxes, net..........................................................          4,499,536          4,313,485
Other assets.................................................................          1,660,496          1,115,434
                                                                                ----------------  -----------------
       Total Assets..........................................................   $    727,451,912  $     660,864,304
                                                                                ================  =================

Liabilities and Shareholders' Equity


Liabilities

   Non interest-bearing......................................................   $    128,817,127  $     113,217,461
   Interest-bearing..........................................................        459,911,995        407,367,970
                                                                                ----------------  -----------------
       Total Deposits........................................................        588,729,122        520,585,431

Short-term borrowings........................................................         10,206,000         14,057,000
Accrued interest.............................................................          1,498,177          1,407,563
Deferred compensation........................................................            305,624            313,622
FHLB advances................................................................         55,000,000         60,000,000
Subordinated debentures......................................................         10,310,000         10,310,000
Other liabilities............................................................          3,912,289          1,262,989
                                                                                ----------------  -----------------
       Total Liabilities.....................................................        669,961,212        607,936,605

Shareholders' Equity
   Common stock - par value $.01 per share, 10,000,000 shares authorized,
     4,538,821 shares issued and outstanding at at March 31, 2005; 4,519,321
     shares issued and outstanding
     at December 31, 2004....................................................             45,388             45,193
   Paid-in capital...........................................................         17,675,502         17,155,534
   Retained earnings.........................................................         39,769,810         35,726,972
                                                                                ----------------  -----------------
       Total Shareholders' Equity............................................         57,490,700         52,927,699
                                                                                ----------------  -----------------

Total Liabilities and Shareholders' Equity...................................   $    727,451,912  $     660,864,304
                                                                                ================  =================

</TABLE>
                 See notes to consolidated financial statements
                                       3

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                        CONSOLIDATED STATEMENTS OF INCOME

                   Three months Ended March 31, 2005 and 2004

                                   (Unaudited)

<TABLE>


                                                                                           Three Months
                                                                                          Ended March 31,
                                                                                      2005               2004
                                                                                ----------------  -----------------

Interest Income
<S>                                                                             <C>               <C>
   Interest and fees on loans................................................   $     10,905,274  $       8,649,618
   Interest and dividends
     Taxable securities......................................................            755,214            325,270
   Interest on federal funds sold and other interest income..................             73,150             82,570
                                                                                ----------------  -----------------
     Total Interest Income...................................................         11,733,638          9,057,458
                                                                                ----------------  -----------------

Interest Expense
   Interest on deposits......................................................          2,391,935          1,657,267
   Interest on borrowed funds................................................            779,848            514,324
                                                                                ----------------  -----------------
     Total Interest Expense..................................................          3,171,783          2,171,591
                                                                                ----------------  -----------------

Net Interest Income..........................................................          8,561,855          6,885,867

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

Net Interest Income After Provision for Loan Losses..........................          8,561,855          6,585,867

Noninterest Income
   Customer service fees.....................................................            524,486            488,064
   Insurance commissions.....................................................              1,578              3,368
   Other noninterest income..................................................            374,907            235,569
                                                                                ----------------  -----------------
       Total Noninterest Income..............................................            900,971            727,001
                                                                                ----------------  -----------------

Noninterest Expenses
   Salaries and employee benefits............................................          1,866,021          1,867,841
   Occupancy and equipment expense...........................................            485,692            432,826
   Other noninterest expenses................................................            533,059            547,131
                                                                                ----------------  -----------------
       Total Noninterest Expenses............................................          2,884,772          2,847,798
                                                                                ----------------  -----------------

Income before income taxes...................................................          6,578,054          4,465,070
Provision for income tax expense.............................................          2,535,216          1,679,690
                                                                                ----------------  -----------------

Net Income...................................................................   $      4,042,838  $       2,785,380
                                                                                ================  =================

Weighted Average Common Shares Outstanding - Basic...........................          4,526,904          4,507,303
Weighted Average Common Shares Outstanding - Diluted.........................          4,591,946          4,550,080

Basic Earnings Per Common Share..............................................   $           0.89  $           0.62
Diluted Earnings Per Common Share............................................               0.88              0.61
</TABLE>


                 See notes to consolidated financial statements
                                       4

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY

                        Three months Ended March 31, 2005

                                   (Unaudited)



<TABLE>


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

<S>      <C> <C>                               <C>             <C>               <C>               <C>
December 31, 2004.........................     $      45,193   $   17,155,534    $   35,726,972    $     52,927,699

Issuance of common stock..................               195          506,415                --             506,610

Compensation effect of stock options......                --           13,553                --              13,553

Net income - Three months ended
   March 31, 2005.........................                --               --         4,042,838           4,042,838
                                               -------------   ---------------    --------------    ----------------

Balance at March 31, 2005.................     $      45,388   $   17,675,502    $   39,769,810    $     57,490,700
                                               =============   ===============    ==============    ================

</TABLE>


                 See notes to consolidated financial statements
                                       5

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                   Three months Ended March 31, 2005 and 2004

                                   (Unaudited)

<TABLE>


                                                                                           Three Months
                                                                                          Ended March 31,
                                                                                      2005               2004
                                                                                ----------------  -----------------

Operating Activities
<S>                                                                             <C>               <C>
   Net Income................................................................   $      4,042,838  $       2,785,380
   Adjustments to reconcile net income to net cash
     provided by operating activities:
       Provision for loan losses.............................................                 --            300,000
       Deferred tax benefit..................................................           (186,051)                --
       Depreciation, amortization, and accretion, net........................            300,586            226,417
       Increase in accrued interest receivable...............................           (385,983)           (60,478)
       Increase in accrued interest payable..................................             90,614            119,492
       Other, net............................................................          2,119,257          1,087,681
                                                                                ----------------  -----------------
       Net Cash Provided By Operating Activities.............................          5,981,261          4,458,492
                                                                                ----------------  -----------------

Investing Activities
   Net increase in available-for-sale securities.............................            (49,188)                --
   Net decrease in held-to-maturity securities...............................          2,063,997          1,339,716
   Loans made to customers, net of repayments................................        (57,934,799)       (15,995,876)
   Proceeds from sale of other real estate owned.............................                 --            504,752
   Purchase of fixed assets..................................................           (383,571)           (96,580)
                                                                                ----------------  -----------------
       Net Cash Used In Investing Activities.................................        (56,303,561)       (14,247,988)
                                                                                ----------------  -----------------

Financing Activities
   Net increase in demand deposits, NOW accounts
     and savings accounts....................................................         42,712,284         18,746,378
   Net increase in certificates of deposits..................................         25,431,407         24,592,156
   Net decrease in short-term borrowings.....................................         (3,851,000)        (7,251,242)
   Net decrease in long-term borrowings......................................         (5,000,000)                --
   Sale of common stock......................................................            506,610            465,202
   Compensation associated with the issuance of options, net of tax..........             13,553              2,303
                                                                                ----------------  -----------------
       Net Cash Provided By Financing Activities.............................         59,812,854         36,554,797
                                                                                ----------------  -----------------

Net Increase in Cash and Cash Equivalents....................................          9,490,554         26,765,301

Cash and Cash Equivalents at Beginning of Period.............................         19,614,078         30,519,849
                                                                                ----------------  -----------------

Cash and Cash Equivalents at End of Period...................................   $     29,104,632  $      57,285,150
                                                                                ================  =================

</TABLE>

                 See notes to consolidated financial statements
                                       6

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                 March 31, 2005

                                   (Unaudited)




Note A - Basis of Presentation


     Florida  Community Banks,  Inc. ("FCBI" or the "Company") is a bank holding
company, which owns all of the common stock of Florida Community Bank ("Bank" or
"FCB") and a special  purpose  business trust organized to issue Trust Preferred
Securities.  The  special  purpose  business  trust is not  consolidated  in the
financial  statements  that are  included  elsewhere  herein.  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  three-month  period  ended March 31,  2005,  are not
necessarily  indicative  of the results that may be expected for the year ending
December 31, 2005

     The statement of financial condition at December 31, 2004, 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, 2004,
included in Form 10-K filed in March 2005.

     Some  items  in  the  March  31,  2004,  financial  information  have  been
reclassified to conform to the March 31, 2005, presentation.



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.


                                       7

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                 March 31, 2005

                                   (Unaudited)



Note C - Income Taxes


     The  effective  tax  rates of  approximately  38.5% and 37.6% for the three
months  ended March 31, 2005 and 2004 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).

     The carrying amounts of securities as shown in the consolidated  statements
of financial  condition and their  approximate fair values at March 31, 2005 and
December 31, 2004 were as follows:

<TABLE>

                                                                      Gross            Gross           Estimated
                                                  Amortized        Unrealized       Unrealized           Fair
                                                    Cost              Gains           Losses             Value
                                               ---------------  ---------------   ---------------  ----------------
Securities Available-for-Sale


March 31, 2005:
<S>                                            <C>              <C>                <C>               <C>
   Equity Securities........................   $     4,984,265  $             --   $             --  $      4,984,265
                                               ===============  ================   ================  ================

December 31, 2004:
   Equity securities........................   $     4,935,077  $             --   $             --  $      4,935,077
                                               ===============  ================   ================  ================


Securities Held-to-Maturity


March 31, 2005:
   U. S. Government and
     agency securities......................   $     1,996,788  $             --  $        49,188  $      1,947,600
   Mortgage-backed securities...............        65,176,782            51,293        1,406,800        63,821,275
                                               ---------------  ----------------  ---------------  ----------------

                                               $    67,173,570  $         51,293  $     1,455,988  $     65,768,875
                                               ===============  ================  ===============  ================

December 31, 2004:
   U. S. Government and
     agency securities......................   $     1,996,586  $             --  $         9,186  $      1,987,400
   Mortgage-backed securities...............        67,333,574            96,466          425,576        67,004,464
                                               ---------------  ----------------  ---------------  ----------------

                                               $    69,330,160  $         96,466  $       434,762  $     68,991,864
                                               ===============  ================  ===============  ================
</TABLE>


                                       8

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                 March 31, 2005

                                   (Unaudited)


Note D - Securities - continued


     The following tables show our investments' gross unrealized losses and fair
value,  aggregated  by  investment  category and length of time that  individual
securities have been in a continuous unrealized loss position, at March 31, 2005
and December 31, 2004.

March 31, 2005:
<TABLE>

                                   Less Than 12 Months           12 Months or More                 Total
                               ---------------------------  --------------------------  ---------------------------
                                    Fair       Unrealized       Fair        Unrealized       Fair        Unrealized
   Description of Securities        Value        Losses         Value         Losses         Value        Losses
-----------------------------  -------------   -----------  -------------  -----------  -------------   -----------

U.S. Government and
<S>                            <C>             <C>          <C>            <C>          <C>             <C>
   agency securities.........  $   1,947,600   $    49,188  $           _  $         _  $   1,947,600   $    49,188
Mortgage-backed
   securities................     42,620,393       804,051     18,673,970      602,749     61,294,363     1,406,800
                               -------------   -----------  -------------  -----------  -------------   -----------

     Total Temporarily
     Impaired Securities.....  $  46,567,993   $   853,239  $  18,673,970  $   602,749  $  63,241,963   $ 1,455,988
                               =============   ===========  =============  ===========  =============   ===========
</TABLE>

     Management  evaluates  securities  for  other-than-temporary  impairment at
least on a quarterly basis, and more frequently when economic or market concerns
warrant such  evaluation.  Consideration  is given to (1) the length of time and
the extent to which the fair value has been less than  cost,  (2) the  financial
condition and near-term  prospects of the issuer, and (3) the intent and ability
of the  Company  to retain  its  investment  in the  issuer for a period of time
sufficient to allow for any anticipated recovery in fair value.

     At March 31, 2005 the Company had 9 individual  securities  that were in an
unrealized loss position or impaired for the timeframes  indicated above. All of
these    investment    positions'    impairments    are   deemed   not   to   be
other-than-temporary  impairments.  Substantially  all of  these  positions  are
backed by 1-4 family  mortgages and the unrealized  loss of these  securities is
based solely on interest rate changes and not due to credit ratings.  Management
intends to hold these securities until maturity.

December 31, 2004:
<TABLE>

                                   Less Than 12 Months           12 Months or More                 Total
                               ---------------------------  --------------------------  ---------------------------
                                    Fair       Unrealized       Fair        Unrealized       Fair        Unrealized
   Description of Securities        Value        Losses         Value         Losses         Value        Losses
-----------------------------  -------------   -----------  -------------  -----------  -------------   -----------

U.S. Government and
<S>                            <C>             <C>          <C>             <C>           <C>             <C>
   agency securities.........  $   1,987,400   $     9,186  $          --  $        --  $   1,987,400   $     9,186
Mortgage-backed
   securities................     21,480,599       274,039      8,030,582      151,537     29,511,181       425,576
                               -------------   -----------  -------------  -----------  -------------   -----------

     Total Temporarily
     Impaired Securities.....  $  23,467,999   $   283,225  $   8,030,582  $   151,537  $  31,498,581   $   434,762
                               =============   ===========  =============  ===========  =============   ===========
</TABLE>

                                       9

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                 March 31, 2005

                                   (Unaudited)


Note D - Securities - Continued

     At December 31, 2004, the Company had 3 individual  securities that were in
an  unrealized  loss  position or impaired  for the  timeframe 12 months or more
indicated above. All of these investment  positions'  impairments are deemed not
to be other-than-temporary impairments. Substantially all of these positions are
backed by 1-4 family  mortgages  and the  related  securities  have  experienced
volatility in their market prices as a result of the  fluctuating  home mortgage
interest  rate  environment  during  2004.  The  Company  does  not  expect  any
other-than-temporary impairments to develop related to the investment positions.



Note E - Shareholders' Equity


     In December 2004, 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.



Note G - Stock-Based Compensation


     During 2002 the Company adopted a Key Employee Stock  Compensation  Program
under which statutory and non-statutory  stock options may be granted to certain
key employees.  The options  granted provide for these key employees to purchase
shares of the Company's  $0.01 par value common stock at no less than the market
value at the dates of grant.  The options  granted may be  exercised  within ten
years from the dates of grant  subject to vesting  requirements.  Prior to 2003,
the  Company  accounted  for this plan  under the  recognition  and  measurement
provisions  of APB No. 25,  Accounting  for Stock Issued to  Employees,  and the
related Interpretations. Effective January 1, 2003, the Company adopted the fair
value  recognition  provisions  of SFAS  No.  123,  Accounting  for  Stock-Based
Compensation,   as  provided  by  SFAS  No.  148,   Accounting  for  Stock-Based
Compensation - Transition and Disclosure.  SFAS No. 148 allows for a prospective
method of adoption of SFAS 123, whereas,  the Company can prospectively  account
for the  current  expense of options  granted  during 2003 and  thereafter.  The
following  table  illustrates the effect on net income and earnings per share as
if the fair value based method had been applied to all  outstanding and unearned
awards in each period.


                                       10

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                 March 31, 2005

                                   (Unaudited)



The Company's actual and pro forma information follows:
<TABLE>

                                                                                           Three Months
                                                                                          Ended March 31,
                                                                                      2005               2004
                                                                                ----------------  -----------------

Net Income


<S>                                                                             <C>               <C>
Net Income, as reported......................................................   $      4,042,838  $       2,785,380

Add: Stock-based compensation expense included in net income,
   net of related taxes......................................................             10,433              2,358

Deduct: Total stock-based employee compensation expense
   determined under the fair value method for all awards,
   net of related taxes......................................................            (11,378)            (4,563)
                                                                                ----------------  -----------------

Pro Forma Net Income.........................................................   $      4,041,893  $       2,783,175
                                                                                ================  =================
</TABLE>




Basic earnings per share:
<TABLE>


<S>                                                                             <C>               <C>
As Reported..................................................................   $           0.89  $           0.62
                                                                                ================  ================

Pro forma....................................................................   $           0.89  $           0.62
                                                                                ================  ================
</TABLE>



Diluted earnings per share:
<TABLE>


<S>                                                                             <C>               <C>
As Reported..................................................................   $           0.88  $           0.61
                                                                                ================  ================

Pro forma....................................................................   $           0.88  $           0.61
                                                                                ================  ================
</TABLE>


              [The remainder of this page intentionally left blank]






                                       11

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                 March 31, 2005

                                   (Unaudited)



Note G - Stock-Based Compensation - Continued


The following information relates to options outstanding under the plan at March
31, 2005.

<TABLE>

                                                                                         Weighted
                                                         Number of                        Average      Number of
                                                           Options      Expiration    Contractual        Options
                                                         Outstanding       Date         Life-Years     Exercisable

10/25/01 Options with an Exercise

<S>      <C>                                                   <C>       <C>   <C>           <C>             <C>
Price of $10.42......................................          79,488    10/25/11            6.57            64,973
01/17/03 Options with an Exercise
Price of $13.89......................................           8,640    01/17/13            7.81             6,336
12/22/03 Options with an Exercise
Price of $20.00......................................          16,800    12/22/13            8.73             9,600
09/16/04 Options with an Exercise
Price of $22.92......................................          65,400    09/16/14            9.47            14,400
                                                       --------------                                   -----------

Total................................................         170,328                        7.96            95,309
                                                       ==============                                   ===========
</TABLE>

The following table presents the activity in the plan for the three months ended
March 31, 2005 and 2004:
<TABLE>

                                                                     Three Months Ended March 31,
                                                                    2005                          2004
                                                       -----------------------------  -----------------------------

                                                                         Weighted                       Weighted
                                                                          Average                        Average
                                                                         Exercise                       Exercise
                                                           Shares         Price           Shares         Price
                                                       --------------  -------------  -------------  --------------


<S>                    <C>                                    <C>              <C>          <C>      <C>
Outstanding at January 1,............................         170,328          16.34        104,928  $        12.24
Granted..............................................              --           0.00             --            0.00
Forfeited............................................              --           0.00             --            0.00
Expired..............................................              --           0.00             --            0.00
                                                       ---------------                 --------------

Outstanding at March 31,.............................         170,328          16.34        104,928           12.24
                                                       ==============                 =============

Exercisable at March 31,.............................          95,309          13.50         51,149           10.65

</TABLE>

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                                       12


<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                 March 31, 2005

                                   (Unaudited)



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.


The following represents the Company's  commitments to extend credit and standby
letters of credit as of March 31, 2005 and December 31, 2004:

<TABLE>


                                                                                    March 31,       December 31,
                                                                                      2005               2004
                                                                                ----------------  -----------------

<S>                                                                             <C>               <C>
Commitments to extend credit.................................................   $    152,061,000  $     133,865,000

Standby and commercial letters of credit.....................................          4,190,000          3,715,000
                                                                                ----------------  -----------------

Total commitments and contingencies..........................................   $    156,251,000  $     137,580,000
                                                                                ================  =================

</TABLE>


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                                       13

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005



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  March  31,  2005,  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, 2004.


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


March 31, 2005 compared to December 31, 2004

     The Bank continued its operations concentrating in the origination of loans
in southwestern and other areas of Florida. As discussed more fully below, loans
increased 10.5% during the first three months of 2005, while equity capital grew
at a slightly lower rate (8.6%).  No significant  changes in operating  goals or
policies occurred during 2005.


                                       14

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005


Loans


     Loans comprised the largest single category of the Company's earning assets
on March 31, 2005. Loans, net of unearned income,  totaled 83.9% of total assets
at March 31, 2005 compared to 83.6% of total assets at December 31, 2004. During
the first three months of 2005, loans increased  approximately  $57.9 million, a
relatively  large  increase  compared with recent  periods.  While the influx of
population  to southwest  Florida  continues  to  influence  the demand for real
estate loans, particularly construction and development loans, the Bank's growth
has enable it to increase the size of the loans that it is now doing.


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 did not change significantly  compared to December
31, 2004 and totaled $74.6 million at March 31, 2005.


Asset Quality


     From December 31, 2004 to March 31, 2005, the Bank's asset quality remained
satisfactory  as measured by three key ratios.  The ratio of loan loss allowance
to total  nonperforming  assets (defined as non-accrual loans, loans past due 90
days or greater,  restructured loans,  non-accruing  securities,  and other real
estate)   improved,   increasing  from  99.5%  to  287.3%.   The  percentage  of
nonperforming  assets to total assets improved,  decreasing from 1.49% to 0.47%,
and the percentage of nonperforming  loans to total loans improved from 1.78% to
0.56%.  These ratios were affected by a $6.9 million  decrease in  nonperforming
loans  during  the  first  quarter  of  2005.  During  the  past  three  months,
nonperforming loans have decreased significantly, due primarily to the reduction
in the number of loans that were temporarily  restructured due to the hurricanes
during  2004 and which are now  performing  in  accordance  with their  original
agreement.  As a percent of loans the  allowance was 1.77% at December 31, 2004,
and 1.61% at March 31, 2005.

During the first three months of 2005, net recoveries totaled $23 thousand.


Deposits


     Total deposits of $588.7 million at March 31, 2005, represented an increase
of $68.1 million (13.1%) from total deposits of $520.6 million at year-end 2004.
The increase was attributable to growth in non-interest  bearing deposits ($15.6
million), money market accounts ($25.9 million),  certificate of deposits ($25.4
million),   savings  accounts  ($3.7  million);  now  accounts  decreased  ($2.6
million).   At  March  31,  2005,  brokered   certificates  of  deposit  totaled
approximately  $181.2  million  and  Internet  certificates  of deposit  totaled
approximately $13.5 million.

Shareholders' Equity

     Shareholders' equity increased $4.6 million from December 31, 2004 to March
31, 2005, due to the retention of earnings ($4.04 million and the sale of 19,500
shares of common  stock to the Employee  Stock  Ownership  Plan ($507  thousand)
during the first  quarter of 2005.  On March 31, 2005,  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.

                                       15

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005


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 $244 million at March 31, 2005.

     The  liability  portion of the balance  sheet  provides  liquidity  through
deposits to various customers' interest-bearing and non-interest-bearing deposit
accounts,  brokered and Internet certificated of deposit. At March 31, 2005, the
Bank  had  funds   available   through  the  purchase  of  federal   funds  from
correspondent commercial banks up to an aggregate of $45 million, and another $9
million  available  from the Federal  Reserve Bank; the Company had $4.9 million
available  through a separate  line with a  commercial  bank.  The Bank also has
available a credit  line with the Federal  Home Loan Bank "FHLB" of up to 15% of
assets  (approximately  $108  million)  of which $53  million is  available  and
unused. At March 31, 2005, the bank had unused collateral totaling approximately
$34 million, thus limiting the 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 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.  Subject to certain limitations,  the
preferred  securities  qualify  as  Tier 1  capital  and  are  presented  in the
Consolidated Statements of Financial Condition as subordinated  debentures.  The
sole asset of FCBI Trust is the subordinated  debentures  issued by the Company.
Both the


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005



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.

     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 and the
2002  issue  of  subordinated   debentures,   subject  to  limitation,   totaled
$67,491,000 at March 31, 2005. 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 $75,955,000 at March 31, 2005.

     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 March 31, 2005 and 2004


Summary


     Net  earnings  of the Company for the three  months  ended March 31,  2005,
totaled  $4,042,838  compared  to  $2,785,380  for  the  same  period  in  2004,
representing  a 45.1%  increase.  The increase was due  primarily to loan growth
(29.3%),  which  generated  $26.1% higher interest and fees than a year ago. The
growth in  non-interest  bearing demand  deposits  (51.2%) and low cost interest
bearing  deposits,   like  money  market,  Now  and  savings  accounts  (25.5%),
contributed  greatly to keeping  the cost of funds  down.  Keeping the growth of
non-interest  expense to just 1% over the same time  period as last  year,  also
added to the Bank's improved earnings.


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  net income.  Net interest  income during the three months ended March
31,  2005,  increased  $1.7 million  (24.3%) from the same period in 2004.  This
increase  was due  primarily  to an increase  in interest  income on loans ($2.2
million) and  investments  ($425  thousand),  which was offset by an increase in
interest   expense  on  both  deposits  ($735  thousand)  and  borrowings  ($266
thousand).  Both loans and deposits experienced increased volume. Earning assets
averaged  $663.1  million  during the first  quarter of 2005  compared to $509.0
million in 2004,  with the increase  due  primarily  to loans,  which  increased
$130.1 million and to investment securities and fed funds, which increased $23.2
million.  Average  interest-bearing  liabilities  increased  from $416.1 million
during the first  quarter of 2004 to $521.1  million  during the same  period in
2005.  Interest  bearing  accounts  (money  market,  savings  and NOW  accounts)
averaged  $34.8  million  higher in 2005  compared to the first  quarter of 2004
reflecting an increase of 25.5%;  average certificates of deposit also increased
(up $41.5 million) reflecting an increasing of 18.5%.

                                       17

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005



     The Bank was in an interest  sensitive position during 2004 and 2003 with a
larger  dollar amount of  interest-earning  assets  subject to  re-pricing  than
interest-bearing  liabilities.  Therefore, during 2002 when rates were generally
declining,  the Bank's loan and investment portfolios rapidly re-priced at lower
rates.  To counter act this trend  management  began making loans with  interest
rate floors  (the  lowest rate that the loan will adjust to in a declining  rate
environment). While this helped to stabilize and improve the net interest margin
between  2003 and 2004,  it has slowed the upward rate  movement of the variable
rate loans (largest  portion of the Bank's  portfolio)  during a time when rates
started to rise again  (beginning  in June  2004).  As the Bank's  cost of funds
rose, the net interest margin was beginning to decline,  from 5.50% in 2004 down
to 5.29% at the end of first  quarter  2005.  The negative  effect that the rate
floors are  currently  having  will end when the prime rate gets to 6.25%  (it's
currently  at 5.75%);  this is the point at which the majority of the loans that
have not re-priced will start to adjust above their floor rate.

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  non-accruing  and past
due loans.  The  provision  for loan losses was $-0- and  $300,000 for the three
months  ended  March  31,  2005  and  2004,  respectively.  Recoveries  exceeded
charge-offs by approximately  $23 thousand and $52 thousand for the three months
ended  March 31, 2005 and 2004,  respectively.  The reserve for loan losses as a
percent of outstanding  loans,  net of unearned  income,  was 1.61% at March 31,
2005,  compared  to 1.77% at year-end  2004.  No  provision  for loan losses was
necessary  during the first quarter of 2005 due to the extremely low  historical
charge-off  ratio,  which is one of the factors used to determine if a provision
is needed.


Non interest Income


     Non interest income for the three months ended March 31, 2005, was $900,971
compared to  $727,001  for the same  period of 2004,  an increase of 23.9%.  The
increase was primarily due to an $85 thousand  settlement that was received,  an
increase in secondary  market loan fee income of $63 thousand and an increase in
check cashing fees of $61 thousand.

Non interest Expenses

     Non interest  expenses for the three  months ended March 31, 2005,  totaled
$2,884,772  reflecting a 1.2% increase from the same period of 2004. The primary
components of non-interest  expenses are salaries and employee  benefits,  which
actually  decreased  by $2 thousand  for the three  months ended March 31, 2005,
compared to the same period in 2004;  the  increase  in all other  expenses  was
approximately $39 thousand.


Income Taxes


     The  provision  for income taxes of  $2,535,216  for the three months ended
March 31, 2005, increased $856 thousand compared to the same period of 2004, due
to higher pre-tax  income.  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.

                                       18

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005


Other Accounting Issues


     In  December  2003,  the FASB  revised  previously  issued  SFAS  No.  132,
Employers'  Disclosures about Pensions and Other Postretirement.  This statement
revises  employers'  disclosures  about pension  plans and other  postretirement
benefit plans.  It does not change the measurement or recognition of those plans
required by FASB Statements No. 87, Employers' Accounting for Pensions,  No. 88,
Employers'  Accounting  for  Settlements  and  Curtailments  of Defined  Benefit
Pension Plans and for Termination  Benefits,  and No 106, Employers'  Accounting
for  Postretirement  Benefits  Other Than Pensions.  This statement  retains the
disclosure   requirements  contained  in  FASB  Statement  No.  132,  Employers'
Disclosures about Pensions and Other Postretirement Benefits, which it replaces.
It requires additional  disclosures to those in the original Statement 132 about
the assets,  obligations,  cash flows,  and net periodic benefit cost of defined
benefit  pension  plans and other  defined  benefit  postretirement  plans.  The
required  information  should be provided  separately  for pension plans and for
other  postretirement  benefit  plans.  The  provisions  of this  statement  are
effective for financial  statements  with fiscal years ending after December 15,
2003. The  interim-period  disclosures  required by this statement are effective
for interim  periods  beginning  after  December 15,  2003.  The adoption of the
provisions  of this  revised  statement  did not have a  material  effect on the
Company's operating results or financial position.

     In December 2003, the FASB revised previously issued FIN 46,  Consolidation
of Variable  Interest  Entities,  ("FIN 46R") 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 reporting and
disclosure  requirements of this  Interpretation are effective for all financial
statements of public  companies  for the first period ending after  December 15,
2003 and for all other types of  entities  for  periods  ending  after March 15,
2004. The adoption of this  interpretation did not have a material impact on the
Company's consolidated financial statements.

         In December 2003, the Accounting Standards Executive Committee of the
American Institute of Certified Public Accountants issued Statement of Position
(SOP) 03-3, Accounting for Certain Loans or Debt Securities Acquired in a
Transfer, which addresses the accounting for differences between contractual
cash flows and expected cash flows for loans acquired in a transfer when those
differences are attributable at least in part to a decline in credit quality.
The scope of SOP 03-3 includes loans where there is evidence of deterioration in
credit quality since origination, and includes loans acquired individually, in
pools or as part of a business combination. Under SOP 03-3, the difference
between expected cash flows and the purchase price is accreted as an adjustment
to yield over the life. The Company does not expect the application of SOP 03-03
to have a material impact on our consolidated financial position or results of
operations.

     In March 2004, the Emerging Issues Task Force (EITF) reached a consensus on
the  remaining  portions  of EITF  03-01,  The  Meaning of  Other-Than-Temporary
Impairment and It's Application to Certain Investments,  effective for the first
fiscal year or interim period beginning after June 15, 2004. EITF 03-01 provides
guidance for  determining  when an investment is  considered  impaired,  whether
impairment is  other-than-temporary,  and measurement of an impairment  loss. An
investment  is considered  impaired if the fair value of the  investment is less
than its cost.  Generally,  an  impairment  is  considered  other-than-temporary
unless:  (1) the investor has the ability and intent to hold an investment for a
reasonable  period of time sufficient for an anticipated  recovery of fair value
up to (or beyond) the cost of the investment,  and (2) evidence  indicating that
the cost of the  investment is  recoverable  within

                                       19

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005


a reasonable period of time outweighs evidence to the contrary. If impairment is
determined  to be  other-than-temporary,  then  an  impairment  loss  should  be
recognized equal to the difference  between the  investment's  cost and its fair
value.  Certain  disclosure  requirements of EITF 03-01 were adopted in 2003 and
the Company began presenting the new disclosure requirements in its consolidated
financial  statements for the year ended December 31, 2003. The  recognition and
measurement   provisions  were  initially  effective  for   other-than-temporary
impairment  evaluations  in  reporting  periods  beginning  after June 15, 2004.
However in September  2004, the effective  date of these  provisions was delayed
until  the  finalization  of  an  FASB  Staff  Position  to  provide  additional
implementation guidance. Due to the recognition and measurement provisions being
suspended  and the final rule  delayed,  the  Company  is not able to  determine
whether the adoption of these new provisions  will have a material impact on its
consolidated financial position or results of operations.

     In  March  2004,  the  Securities  and  Exchange  Commission  issued  Staff
Accounting Bulletin (SAB) No. 105, Application of Accounting  Principles to Loan
Commitments.  SAB 105 requires that the fair value  measurement of mortgage loan
commitments,  which are  derivatives,  exclude  any  expected  future cash flows
related to the customer  relationship or servicing  rights.  The guidance in SAB
105 must be applied to mortgage  loan  commitments  entered into after March 31,
2004.  The impact on the Company is not material  given the declines in mortgage
banking volume,  but could be in the future.  The impact is primarily the timing
of when gains should be recognized in the financial statements.

     In  December  2004,  the FASB  issued  Statement  of  Financial  Accounting
Standards No. 123 (revised 2004) entitled  Share-Based Payment ("SFAS No. 123R")
that will require compensation costs related to share-based payment transactions
to be recognized in the financial  statements.  This  Statement  eliminates  the
alternative  to use Opinion 25's intrinsic  value method of accounting  that was
provided in Statement 123 as originally issued.  Under Opinion 25, issuing stock
options to employees  generally resulted in recognition of no compensation cost.
This  statement  requires  entities to recognize  the cost of employee  services
received in exchange for awards of equity  instruments  based on the  grant-date
fair  value of those  awards  (with  limited  exceptions).  Recognition  of that
compensation  cost helps users of financial  statements to better understand the
economic transactions affecting an entity and to make better resource allocation
decisions.  On April 21, 2005,  the SEC amended Rule 4-01(a) of  Regulation  S-X
regarding  the  compliance  date for SFAS 123(R) so that the  effective  date is
delayed to January 1, 2006.  The Company is currently  evaluating the provisions
of SFAS No. 123R and will adopt it on January 1, 2006.


     On December 16, 2004,  The FASB issued SFAS 153,  Exchanges of  Nonmonetary
Assets,  an Amendment of APB Opinion No. 29. SFAS 153 amends the principle  that
exchanges of  nonmonetary  assets should be measured  based on the fair value of
the assets exchanged and more broadly provides exceptions regarding exchanges of
nonmonetary assets that do not have commercial substance. A nonmonetary exchange
has  commercial  substance when the future cash flows of the entity are expected
to change significantly as a result of the exchange.  The provisions of SFAS 153
are effective for  nonmonetary  asset exchanges  occurring in periods  beginning
after June 15,  2005.  Management  does not  believe  that the  adoption of this
standard will have material impact on the financial  condition or the results of
operations of the Company.




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                                       20

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005


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 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 March 31, 2005, the Company's  simulation analysis indicated that the
Company is at greatest risk in a sudden  decreasing  interest rate  environment.
This analysis  assumes that rates will change  suddenly on a specific  date. The
Company  believes  that an actual  increase of interest  rates will occur over a
prolonged  period of time and,  during the period of  change,  liabilities  will
re-price  faster than the assets (due to the effect of the "floored"  loans) and
the Company will  experience a decline in its net interest  margin.  A prolonged
increase in rates is  anticipated  to have an effect  inverse to the  simulation
analysis  depicted in the following table. This table depicts the results of the
simulation assuming one and two percent decrease and increase in market interest
rates.





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                                       21

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005

<TABLE>

                                                             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.........................................  $    618,286    $     609,054    $     622,918    $      604,950
   Federal funds sold and cash equivalents.......         3,842            3,824            3,851             3,815
   Securities....................................        67,949           62,947           69,703            59,761
                                                   ------------    -------------    -------------    --------------
     Total Interest-earning Assets...............       690,077          675,825          696,472           668,526
                                                   ------------    -------------    -------------    --------------


Interest-bearing Liabilities

   Deposits - Savings and demand.................       186,772          184,110          188,103           182,779
   Deposits - Time...............................       277,751          271,191          281,031           267,911
   Other borrowings..............................        69,046           61,166           72,985            57,227
                                                   ------------    -------------    -------------    --------------
     Total Interest-bearing Liabilities..........       533,569          516,467          542,119           507,917
                                                   ------------    -------------    -------------    --------------

Net Difference in Fair Value.....................  $    156,508    $     159,358    $     154,353    $      160,609
                                                   ============    =============    =============    ==============

Change in Net Interest Income....................  $     (1,059)   $       1,483    $      (2,204)   $        2,910
                                                   ============    =============    =============    ==============
</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 Rule 13a-15(e) under the Securities Exchange Act of 1934
(the "Exchange Act"), the Company's chief executive  officer and chief financial
officer  have  concluded  that  as of the  end of the  period  covered  by  this
Quarterly  Report of Form 10-Q  such  disclosure  controls  and  procedures  are
effective to ensure that information required to be disclosed by the Corporation
in  reports  that it  files or  submits  under  the  Exchange  Act is  recorded,
processed,  summarized  and  reported  within  the  time  periods  specified  in
Securities and Exchange Commission rules and forms.


Changes in Internal Controls


     During  the  quarter  under  report,  there was no change in the  Company's
internal control over financial  reporting that has materially  affected,  or is
reasonably  likely to materially  affect,  the Company's  internal  control over
financial reporting.




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                                       22

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005



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 6 - Exhibits

The following Exhibits are filed with this report:
<TABLE>


Exhibit No.                                               Exhibit                                          Page


<S> <C>                                                                                                      <C>
    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, 2004, 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        Employment agreement with Thomas S. Junker dated December 9,
                1997 (included as Exhibit 10.1 to the Bank's Registration
                Statement on Form 10-SB-A for the year ended December 31, 1998,
                and incorporated herein by reference).

    10.2        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).


    10.3        Amended and Restated Trust Agreement among Florida Community
                Banks, Inc. as depositor, Wilmington Trust Company as property
                trustee, Wilmington Trust Company, as Delaware trustee, and
                Stephen L. Price, and Thomas V. Ogletree as administrators,
                dated as of June 21, 2002 (included as Exhibit 10.3 to the
                Company's Form 10-Q for the quarter ended June 30, 2002, and
                incorporated herein by reference).

                                       23

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2005


Exhibit No.                                               Exhibit                                          Page

    10.4        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 March 31, 2002, and
                incorporated herein by reference).

    10.5        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).

    10.6        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).

    10.7        Employee Stock Ownership Plan (included as Exhibit 10.5 to the
                Company's Form S-8 filed May 6, 2004.

    11          Statement re: computation of earnings per common share                                           26

    14          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.)

    31.1        Chief Executive  Officer - Certification of principal  executive
                officer pursuant to the Exchange Act Rule
                13(a)-14(a) or 15(d)-14(a).                                                                      27

    31.2        Chief Financial  Officer - Certification of principal  financial
                officer pursuant to the Exchange Act Rule
                13(a)-14(a) or 15(d)-14(a).                                                                      28

    32.1        Chief  Executive  Officer -  Certification pursuant to 18 U.S.C.
                Section  1350,  as adopted  pursuant to
                Section 906 of the Sarbanes-Oxley Act of 2002.                                                   29

    32.2        Chief  Financial  Officer -  Certification pursuant to 18 U.S.C.
                Section  1350,  as adopted  pursuant to
                Section 906 of the Sarbanes-Oxley Act of 2002.                                                   29

</TABLE>





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                                       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
   ---------------------------------------------     ---------------------------
   Stephen L. Price                                  Date
   President, Chief Executive Officer
   And Chairman of the Board of Directors



     /s/ Guy W. Harris
   ---------------------------------------------     ---------------------------
   Guy W. Harris                                     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  periods  ended  March 31, 2005 and 2004.
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>


                                                                                             Three Months
                                                                                            Ended March 31
                                                                                        2005              2004
                                                                                    -------------    --------------
Basic Earnings Per Share:
<S>                                                                                 <C>              <C>
   Net income...................................................................    $   4,042,838    $    2,785,380
                                                                                    =============    ==============

   Earnings on common shares....................................................    $   4,042,838    $    2,785,380
                                                                                    =============    ==============

   Weighted average common shares
     outstanding - basic........................................................        4,526,904         4,507,303
                                                                                    =============    ==============

   Basic earnings per common share..............................................    $        0.89    $         0.62
                                                                                    =============    ==============

Diluted Earnings Per Share:
   Net income...................................................................    $   4,042,838    $    2,785,380
                                                                                    =============    ==============

   Earnings on common shares....................................................    $   4,042,838    $    2,785,380
                                                                                    =============    ==============


   Weighted average common shares
     outstanding - diluted......................................................        4,591,946         4,550,080
                                                                                    =============    ==============

   Diluted earnings per common share............................................    $        0.88    $         0.61
                                                                                    =============    ==============
</TABLE>


                                       26

<PAGE>




Exhibit 31.1

                    CERTIFICATION OF CHIEF EXECUTIVE OFFICER

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 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
     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
     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-15(e) and 15d-15(e))  and internal  control over
     financial  reporting  (as  defined  in  Exchange  Act Rules  13a-15(f)  and
     15d-15(f)) for the registrant and have:


     a)   designed  such  disclosure  controls  and  procedures,  or caused such
          disclosure   controls  and   procedures  to  be  designed   under  our
          supervision,  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 report is being prepared;


     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures and presented in this report our conclusions  about the
          effectiveness of the disclosure controls and procedures, as of the end
          of the period covered by this report based on such evaluation; and

     c)   disclosed  in this  report  any  change in the  registrant's  internal
          control over financial reporting that occurred during the registrant's
          first quarter that has materially  affected or is reasonably likely to
          materially  affect,  the registrant's  internal control over financial
          reporting;

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

     a)   all significant  deficiencies and material weaknesses in the design or
          operation  of internal  control  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the  registrant's  ability to
          record, process, summarize and report financial information; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          control over financial reporting.




Date:  May 9, 2005                 By: /s/ Stephen L. Price
      ---------------              ---------------------------------------------
                                   Stephen L. Price, President,
                                   Chief Executive Officer and
                                   Chairman of the Board of Directors

                                       27

<PAGE>




Exhibit 31.2

                    CERTIFICATION OF CHIEF FINANCIAL OFFICER


I, Guy W. Harris, certify that:

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


2.   Based on my knowledge, this 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
     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
     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-15(e) and 15d-15(e))  and internal  control over
     financial  reporting  (as  defined  in  Exchange  Act Rules  13a-15(f)  and
     15d-15(f)) for the registrant and have:


     a)   designed  such  disclosure  controls  and  procedures,  or caused such
          disclosure   controls  and   procedures  to  be  designed   under  our
          supervision,  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 report is being prepared;


     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures and presented in this report our conclusions  about the
          effectiveness of the disclosure controls and procedures, as of the end
          of the period covered by this report based on such evaluation; and

     c)   disclosed  in this  report  any  change in the  registrant's  internal
          control over financial reporting that occurred during the registrant's
          first quarter that has materially  affected or is reasonably likely to
          materially  affect,  the registrant's  internal control over financial
          reporting;

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

     a)   all significant  deficiencies and material weaknesses in the design or
          operation  of internal  control  over  financial  reporting  which are
          reasonably  likely to  adversely  affect the  registrant's  ability to
          record, process, summarize and report financial information; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          control over financial reporting.



Date: May 9, 2005                  By:  /s/ Guy W. Harris
     ----------------              ---------------------------------------------
                                   Guy W. Harris
                                   Chief Financial Officer

                                       28

<PAGE>




EXHIBIT 32.1

                CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
                    AS ADOPTED 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  March  31,  2005  ("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:   May 9, 2005                    By:   /s/ Stephen L. Price
       -------------                   ---------------------------------
                                       Stephen L. Price
                                       President, Chief Executive Officer
                                       And Chairman of the Board of Directors




EXHIBIT 32.2

                CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
                    AS ADOPTED 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  March  31,  2005  ("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:  May 9, 2005                     By:   /s/ Guy W. Harris
       --------------------            -----------------------------------------
                                       Guy W. Harris
                                       Chief Financial Officer

                                       29

<PAGE>