UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   Form 10-Q

|X|   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 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 July, 29 2005: 4,577,931

<PAGE>

                                    Form 10-Q
                          FLORIDA COMMUNITY BANKS, INC.
                                  June 30, 2005

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                           Page No.
                                                                                                           --------
<S>                                                                                                            <C>
Part I - Financial Information

  Item 1 - Consolidated Financial Statements (Unaudited)

           Consolidated Statements of Financial Condition as of June 30, 2005
              and December 31, 2004.......................................................................     3

           Consolidated Statements of Income for the Three Months  and Six Months
              Ended June 30, 2005 and 2004................................................................     4

           Consolidated Statement of Shareholders' Equity For The Six Months
              Ended June 30, 2005.........................................................................     5

           Consolidated Statements of Cash Flows For The Six Months
              Ended June 30, 2005 and 2004................................................................     6

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

  Item 2 - Management's Discussion and Analysis of
           Financial Condition and Results of Operations..................................................    14

  Item 3 - Quantitative and Qualitative Disclosures About Market Risk.....................................    23

  Item 4 - Controls and Procedures........................................................................    24

Part II - Other Information

  Item 1 - Legal Proceedings..............................................................................    25

  Item 4 - Submission of Matters to a Vote of Security Holders............................................    25

  Item 6 - Exhibits.......................................................................................    26

Signatures
</TABLE>


                                       2
<PAGE>

PART I - FINANCIAL INFORMATION
Item 1 - Financial Statements

                          FLORIDA COMMUNITY BANKS, INC.

                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

                 June 30, 2005 (Unaudited) and December 31, 2004

<TABLE>
<CAPTION>
                                                                                    June 30,
                                                                                      2005          December 31,
                                                                                   (Unaudited)          2004
                                                                                  -------------    -------------
<S>                                                                               <C>              <C>
Assets
   Cash and due from banks ....................................................   $  27,447,220    $  18,665,823
   Interest-bearing deposits with banks .......................................       1,324,033          948,255
   Federal funds sold .........................................................       4,885,000               --
                                                                                  -------------    -------------
       Cash and Cash Equivalents ..............................................      33,656,253       19,614,078

Securities available for sale .................................................       5,434,265        4,935,077
Securities held-to-maturity, fair value of $64,696,175 in 2005
   and $68,991,864 in 2004 ....................................................      65,316,081       69,330,160

Loans, net of unearned income .................................................     668,573,641      552,509,155
Allowance for loan losses .....................................................      (9,879,444)      (9,791,269)
                                                                                  -------------    -------------
       Net Loans ..............................................................     658,694,197      542,717,886

Premises and equipment, net ...................................................      13,733,854       13,345,071
Accrued interest ..............................................................       4,019,238        3,289,678
Foreclosed real estate ........................................................       2,203,435        2,203,435
Deferred taxes, net ...........................................................       4,684,296        4,313,485
Other assets ..................................................................       1,530,321        1,115,434
                                                                                  -------------    -------------
       Total Assets ...........................................................   $ 789,271,940    $ 660,864,304
                                                                                  =============    =============

Liabilities and Shareholders' Equity

Liabilities
   Non-interest-bearing .......................................................   $ 133,571,051    $ 113,217,461
   Interest-bearing ...........................................................     514,846,822      407,367,970
                                                                                  -------------    -------------
       Total Deposits .........................................................     648,417,873      520,585,431

Short-term borrowings .........................................................         100,000       14,057,000
Accrued interest ..............................................................       1,924,445        1,407,563
Deferred compensation .........................................................         297,626          313,622
FHLB advances .................................................................      65,000,000       60,000,000
Subordinated debentures .......................................................      10,310,000       10,310,000
Other liabilities .............................................................       1,465,711        1,262,989
                                                                                  -------------    -------------
       Total Liabilities ......................................................     727,515,655      607,936,605

Shareholders' Equity
   Common stock - par value $.01 per share, 10,000,000 shares
     authorized, 4,577,931 shares issued and outstanding at
     June 30, 2005; 4,519,321 shares issued and outstanding
     at December 31, 2004 .....................................................          45,779           45,193
   Paid-in capital ............................................................      18,346,681       17,155,534
   Retained earnings ..........................................................      43,363,825       35,726,972
                                                                                  -------------    -------------
       Total Shareholders' Equity .............................................      61,756,285       52,927,699
                                                                                  -------------    -------------

Total Liabilities and Shareholders' Equity ....................................   $ 789,271,940    $ 660,864,304
                                                                                  =============    =============
</TABLE>

                 See notes to consolidated financial statements


                                       3
<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.

                       CONSOLIDATED STATEMENTS OF INCOME

            Three Months and Six Months Ended June 30, 2005 and 2004
                                  (Unaudited)

<TABLE>
<CAPTION>
                                            Three Months                Six Months
                                           Ended June 30,              Ended June 30,
                                     -------------------------   -------------------------
                                         2005          2004          2005          2004
                                     -----------   -----------   -----------   -----------
<S>                                  <C>           <C>           <C>           <C>
Interest Income
   Interest and fees on loans ....   $12,863,266   $ 9,144,808   $23,768,540   $17,794,426
   Interest and dividends ........       696,634       373,508     1,451,848       698,778
   Interest on federal funds sold
     and other interest income ...       107,540        77,950       180,691       160,520
                                     -----------   -----------   -----------   -----------
       Total Interest Income .....    13,667,440     9,596,266    25,401,079    18,653,724
                                     -----------   -----------   -----------   -----------

Interest Expense
   Interest on deposits ..........     3,063,103     1,742,263     5,455,038     3,399,530
   Interest on borrowed funds ....       757,401       502,736     1,537,249     1,017,060
                                     -----------   -----------   -----------   -----------
       Total Interest Expense ....     3,820,504     2,244,999     6,992,287     4,416,590
                                     -----------   -----------   -----------   -----------

Net Interest Income ..............     9,846,936     7,351,267    18,408,792    14,237,134

Provision for loan losses ........            --       200,000            --       500,000
                                     -----------   -----------   -----------   -----------

Net Interest Income After
   Provision for Loan Losses .....     9,846,936     7,151,267    18,408,792    13,737,134

Noninterest Income
   Customer service fees .........       683,820       471,854     1,208,306       959,918
   Gain on sale of fixed assets ..        21,216       414,508        21,216       414,508
   Other non-interest income .....       317,804       231,987       694,288       470,924
                                     -----------   -----------   -----------   -----------
       Total Noninterest Income ..     1,022,840     1,118,349     1,923,810     1,845,350
                                     -----------   -----------   -----------   -----------

Noninterest Expenses
   Salaries and employee benefits      1,858,551     2,048,557     3,724,572     3,916,398
   Occupancy and equipment expense       483,761       421,986       969,454       854,812
   Other non-interest expenses ...       819,427       557,742     1,352,485     1,104,873
                                     -----------   -----------   -----------   -----------
       Total Noninterest Expenses      3,161,739     3,028,285     6,046,511     5,876,083
                                     -----------   -----------   -----------   -----------

Income before income taxes .......     7,708,037     5,241,331    14,286,091     9,706,401
Provision for income tax expense .     2,969,540     1,975,145     5,504,756     3,654,835
                                     -----------   -----------   -----------   -----------

Net Income .......................   $ 4,738,497   $ 3,266,186   $ 8,781,335   $ 6,051,566
                                     ===========   ===========   ===========   ===========

Weighted average common
   shares outstanding - basic ....     4,561,867     4,519,661     4,544,482     4,513,482
Weighted average common
   shares outstanding - diluted ..     4,623,411     4,566,092     4,617,175     4,558,771

Basic earnings per common share ..   $      1.04   $      0.73   $      1.93   $      1.34
Diluted earnings per common share           1.02          0.72          1.90          1.33

Cash dividends declared
   per common share ..............   $      0.25   $      0.21   $      0.25   $      0.21
</TABLE>

                 See notes to consolidated financial statements


                                       4
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY

                         Six Months Ended June 30, 2005
                                   (Unaudited)

<TABLE>
<CAPTION>
                                          Common        Paid-in        Retained
                                          Stock         Capital        Earnings         Total
                                       ------------   ------------   ------------    ------------
<S>                                    <C>            <C>            <C>             <C>
December 31, 2004 ..................   $     45,193   $ 17,155,534   $ 35,726,972    $ 52,927,699

Sale of common stock ...............            586      1,161,647             --       1,162,233

Cash dividends - Common
   $0.25 per share .................             --             --     (1,144,482)     (1,144,482)

Compensation effect of stock options             --         29,500             --          29,500

Net income - Six Months Ended
   June 30, 2005 ...................             --             --      8,781,335       8,781,335
                                       ------------   ------------   ------------    ------------

Balance at June 30, 2005 ...........   $     45,779   $ 18,346,681   $ 43,363,825    $ 61,756,285
                                       ============   ============   ============    ============
</TABLE>

                 See notes to consolidated financial statements


                                       5
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                     Six Months Ended June 30, 2005 and 2004
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                Six Months
                                                                              Ended June 30,
                                                                      -----------------------------
                                                                           2005            2004
                                                                      -------------    ------------
<S>                                                                   <C>              <C>
Operating Activities
   Net Income .....................................................   $   8,781,335    $  6,051,566
   Adjustments to reconcile net income to net cash
    provided by operating activities:
     Provision for loan losses ....................................              --         500,000
     Depreciation, amortization, and accretion, net ...............         579,726         498,319
     Increase in accrued interest receivable ......................        (729,560)       (147,545)
     Increase (decrease) in accrued interest payable ..............         516,882        (389,490)
     Increase (decrease) in deferred tax asset, net ...............        (370,811)        386,677
     Gain on sale of fixed assets .................................         (21,216)        414,508
     Other, net ...................................................        (124,493)       (112,574)
                                                                      -------------    ------------
       Net Cash Provided By Operating Activities ..................       8,631,863       7,201,461
                                                                      -------------    ------------

Investing Activities
   Net decrease (increase) in held-to-maturity securities .........       3,840,263      (7,136,135)
   Net increase in available-for-sale securities ..................        (499,188)             --
   Loans made to customers, net of repayments .....................    (116,041,486)    (60,260,372)
   Purchase of fixed assets, net ..................................        (852,970)       (427,984)
   Proceeds from the sale of fixed assets .........................          41,000         544,677
   Net decrease in other real estate owned ........................              --         376,856
                                                                      -------------    ------------
       Net Cash Used In Investing Activities ......................    (113,512,381)    (66,902,958)
                                                                      -------------    ------------

Financing Activities
   Net increase in noninterest-bearing deposits ...................      20,353,590      22,708,078
   Net increase in interest-bearing deposits ......................     107,478,852      54,646,349
   Dividends paid .................................................      (1,144,482)       (941,596)
   Repayment of borrowings ........................................     (13,957,000)     (7,521,698)
   Sale of common stock ...........................................       1,162,233         465,202
   Compensation associated with the issuance of options, net of tax          29,500           4,539
   Issuance of long-term debt .....................................       5,000,000              --
                                                                      -------------    ------------
       Net Cash Provided By Financing Activities ..................     118,922,693      69,360,874
                                                                      -------------    ------------

Net Increase in Cash and Cash Equivalents .........................      14,042,175       9,659,377

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

Cash and Cash Equivalents at End of Period ........................   $  33,656,253    $ 40,179,226
                                                                      =============    ============
</TABLE>

                 See notes to consolidated financial statements


                                       6
<PAGE>

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                  June 30, 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  six-month  period  ended  June  30,  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 June 30, 2004, financial information have been reclassified to
conform to the June 30, 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

                                  June 30, 2005
                                   (Unaudited)

Note C - Income Taxes

The  effective  tax rates of  approximately  38.5% and 37.7% for the six  months
ended June 30,  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 June 30,  2005 and
December 31, 2004 were as follows:

<TABLE>
<CAPTION>
                                                    Gross           Gross         Estimated
                                  Amortized      Unrealized      Unrealized         Fair
                                    Cost            Gains          Losses           Value
                                -------------   -------------   -------------   -------------
<S>                             <C>             <C>             <C>             <C>
Securities Available-for-Sale

June 30, 2005:
   Equity Securities ........   $   5,434,265   $          --   $          --   $   5,434,265
                                =============   =============   =============   =============

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

Securities Held-to-Maturity

June 30, 2005:
   U. S. Government and
     agency securities ......   $   1,997,029   $          --   $      21,429   $   1,975,600
   Mortgage-backed securities      63,319,052          70,670         669,147      62,720,575
                                -------------   -------------   -------------   -------------

                                $  65,316,081   $      70,670   $     690,576   $  64,696,175
                                =============   =============   =============   =============

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

                                  June 30, 2005
                                   (Unaudited)

Note D - Securities - Continued

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.

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 June 30, 2005
and December 31, 2004.

June 30, 2005:

<TABLE>
<CAPTION>
                                   Less Than 12 Months             12 Months or More                   Total
                               ---------------------------   -----------------------------   -------------------------
                                  Fair        Unrealized         Fair         Unrealized        Fair       Unrealized
   Description of Securities      Value         Losses           Value          Losses          Value        Losses
----------------------------   -----------   -------------   -------------   -------------   -----------   -----------
<S>                            <C>           <C>             <C>             <C>             <C>           <C>
U.S. Government and
   agency securities .......   $ 1,975,600   $      21,429   $          --   $          --   $ 1,975,600   $    21,429
Mortgage-backed
   securities ..............    34,215,433         342,598      24,235,190         326,549    58,450,623       669,147
                               -----------   -------------   -------------   -------------   -----------   -----------

     Total Temporarily
       Impaired Securities .   $36,191,033   $     364,027   $  24,235,190   $     326,549   $60,426,223   $   690,576
                               ===========   =============   =============   =============   ===========   ===========
</TABLE>

At June 30,  2005 the  Company  had 10  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 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>
<CAPTION>
                                  Less Than 12 Months            12 Months or More                   Total
                               -------------------------   -----------------------------  ---------------------------
                                  Fair       Unrealized         Fair         Unrealized        Fair        Unrealized
   Description of Securities      Value        Losses          Value           Losses         Value          Losses
----------------------------   -----------   -----------   --------------   ------------   ------------   ------------
<S>                            <C>           <C>           <C>              <C>            <C>            <C>
U.S. Government and
   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

                                  June 30, 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

                                  June 30, 2005
                                   (Unaudited)

Note G - Stock-Based Compensation - Continued

The Company's actual and pro forma information follows:

<TABLE>
<CAPTION>
                                                                                  Six Months
                                                                                 Ended June 30,
                                                                          ---------------------------
                                                                              2005           2004
                                                                          ------------   ------------
<S>                                                                       <C>            <C>
Net Income

Net income as reported ................................................   $  8,781,335   $  6,051,566

Add:  Stock-based compensation expense included in net income,
   net of related income tax benefit ..................................         20,822          4,539

Deduct: Total stock-based employee compensation expense
   determined under fair value based method for all  awards, net of tax        (22,712)        (8,949)
                                                                          ------------   ------------

Pro forma net income ..................................................   $  8,779,445   $  6,047,156
                                                                          ============   ============

Basic earnings per share:

As Reported ...........................................................   $       1.93   $       1.34
                                                                          ============   ============

Pro forma .............................................................   $       1.93   $       1.34
                                                                          ============   ============

Diluted earnings per share:

As Reported ...........................................................   $       1.90   $       1.33
                                                                          ============   ============

Pro forma .............................................................   $       1.90   $       1.33
                                                                          ============   ============
</TABLE>

The following information relates to options outstanding under the plan at June
30, 2005.

<TABLE>
<CAPTION>
                                                              Weighted
                                    Number of                  Average     Number of
                                     Options     Expiration   Contractual   Options
                                    Outstanding     Date      Life-Years   Exercisable
                                    -----------  ----------   ----------   -----------
<S>                                     <C>       <C>               <C>        <C>
10/25/01 Options with an Exercise
  Price of $10.42 ...............       62,208    10/25/11          6.32       49,766
01/17/03 Options with an Exercise
  Price of $13.89 ...............        4,320    01/17/13          7.56        2,592
12/22/03 Options with an Exercise
  Price of $20.00 ...............        9,600    12/22/13          8.48        3,840
09/16/04 Options with an Exercise
  Price of $22.92 ...............       42,600    9/16/14           9.22           --
                                    ----------                             ----------

Total ...........................      118,728                      7.58       56,198
                                    ==========                             ==========
</TABLE>


                                       11
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                  June 30, 2005
                                   (Unaudited)

Note G - Stock-Based Compensation - Continued

The following table presents the activity in the plan for the six months ended
June 30, 2005 and 2004:

<TABLE>
<CAPTION>
                                                Six Months Ended June 30,
                                     ---------------------------------------------
                                             2005                    2004
                                     ---------------------   ---------------------
                                                 Weighted                Weighted
                                                  Average                 Average
                                                 Exercise                Exercise
                                      Shares       Price      Shares       Price
                                     ---------   ---------   ---------   ---------
<S>                                    <C>       <C>           <C>       <C>
Outstanding at January 1, ........     170,328   $   16.34     104,928   $   12.23
  Granted ........................          --                      --        0.00
  Forfeited ......................      12,490       20.09          --        0.00
  Exercised ......................      39,110       16.77          --        0.00
                                     ---------               ---------

Outstanding at June 30, ..........     118,728       15.81     104,928       12.23
                                     =========               =========

Exercisable at June 30, ..........      56,198       11.23      51,149       10.65
</TABLE>


Note H - Commitments and Contingencies

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

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

The following represents the Company's  commitments to extend credit and standby
letters of credit as of June 30, 2005 and December 31, 2004:

                                                  June 30,     December 31,
                                                    2005           2004
                                                ------------   ------------

Commitments to extend credit ................   $216,263,000   $133,865,000

Standby and commercial letters of credit ....      4,031,000      3,715,000
                                                ------------   ------------

Total commitments and contingencies .........   $220,294,000   $137,580,000
                                                ============   ============


                                       12
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                  June 30, 2005
                                   (Unaudited)

Note H - Commitments and Contingencies - Continued

Florida  Community  Bank,  as  part  of  its  retail  mortgage  loan  production
activities, routinely enters into short-term commitments to originate fixed rate
loans.  Most of the loans will be sold to third party  correspondent  banks upon
closing.  For those loans,  the Company  enters into  individual  forward  sales
commitments at the same time the commitment to originate is finalized. While the
forward  sales  commitments  function  as  an  economic  hedge  and  effectively
eliminate  the  Company's  financial  risk of rate changes  during the rate lock
period,  both the  commitment to originate  mortgage loans that will be sold and
the  commitment to sell the mortgage loans are  derivatives,  the fair values of
which are essentially equal and offsetting. The fair values are calculated based
on changes in market  interest  rates after the  commitment  date.  The notional
amounts of these mortgage loan  origination  commitments and the related forward
sales commitments were immaterial at June 30, 2005. The unrealized  gains/losses
of the origination and sales commitments were not material at June 30, 2005.

              [The remainder of this page intentionally left blank]


                                       13
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 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  June  30,  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

June 30, 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  21.0% during the first six months of 2005,  while equity capital grew
at a slightly lower rate (16.7%).  No significant  changes in operating goals or
policies occurred during 2005.

Loans

Loans comprised the largest single  category of the Company's  earning assets on
June 30, 2005.  Loans, net of unearned income,  totaled 84.7% of total assets at
June 30, 2005 compared to 83.6% of total assets at December 31, 2004. During the
first  six  months  of 2005,  loans  increased  approximately  $116  million,  a


                                       14
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 2005

relatively large increase  compared with recent periods;  $60 million during the
first six months and $55 million  during the last six months of 2004.  The rapid
influx of population to southwest  Florida continued to influence the demand for
real estate loans,  particularly construction and development loans; also due to
the Bank's growth, the size of the loans has also increased significantly.

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 $75.6 million at June 30, 2005.

Asset Quality

From  December 31, 2004 to June 30,  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 from 99.5% to 297.8%. The percentage of nonperforming assets to
total assets improved from 1.49% to 0.42%,  and the percentage of  nonperforming
loans to total loans improved from 1.78% to 0.50%. These ratios were affected by
a $6.5 million  decrease in  nonperforming  loans during the first six months of
2005.   During  the  past  six  months,   nonperforming   loans  have  decreased
significantly,  primarily  due to the reduction in the number of loans that were
temporarily  restructured  due to the  hurricanes  in  2004  and  which  are now
performing in accordance with their original  agreements.  As a percent of loans
the allowance was 1.77% at December 31, 2004, and 1.48% at June 30, 2005.

During  the first six  months of 2005,  charge-offs  totaled  $21  thousand  and
recoveries $110 thousand.

Deposits

Total  deposits of $648.4  million at June 30, 2005,  represented an increase of
$127.8  million  (24.6%) from total deposits of $520.6 million at year-end 2004.
The increase was  attributable  to growth of $62.9  million in  certificates  of
deposits  (all in  brokered),  $37.8  million in money  market  accounts,  $20.4
million in  non-interest  checking,  $4.9 million in savings and $1.8 million in
now  accounts.  At June 30,  2005,  brokered  certificates  of  deposit  totaled
approximately  $215.1  million  and  Internet  certificates  of deposit  totaled
approximately $13.4 million.

Shareholders' Equity

Shareholders'  equity  increased $8.8 million from December 31, 2004 to June 30,
2005,  due to the retention of earnings  ($8.8 million less $1.2 million in cash
dividends)  and the sale of  58,610  shares of  common  stock  for $1.2  million
(19,500  to the  Employee  Stock  Ownership  Plan and  39,110  in stock  options
exercised).  On June 30, 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.

                                  June 30, 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
maturities and the repayment of loan and investment principal. Loans that mature
in one year or less equaled  approximately  $281  million at June 30, 2005,  and
there are approximately $7.1 million of investment  security repayments expected
within one year.

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 deposits. At June 30, 2005, the
Bank  had  funds   available   through  the  purchase  of  federal   funds  from
correspondent  commercial banks up to an aggregate of $50 million and another $7
million available from the Federal Reserve Bank of Atlanta; 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 of Atlanta of up to
15% of assets (approximately $118 million) of which $53 million is available and
unused. At June 30, 2005, the bank had unused collateral totaling  approximately
$7 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


                                       16
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 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. In 1990, new risk-based capital requirements became effective.
The guidelines take into consideration  risk factors,  as defined by regulators,
associated with various categories of assets, both on and off the balance sheet.
Under the guidelines,  capital strength is measured in two tiers, which are used
in conjunction  with  risk-adjusted  assets to determine the risk-based  capital
ratios.  The  Company's  Tier I capital,  which  consists of common  equity less
goodwill plus qualifying Trust Preferred  securities  issued,  amounted to $71.8
million  at June 30,  2005.  Tier II  capital  components  include  supplemental
capital  components such as qualifying  allowance for loan losses and qualifying
subordinated  debt.  Tier I  capital  plus the Tier II  capital  components  are
referred to as Total Risk-Based capital and was $81.1 million at June 30, 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 June 30, 2005 and 2004

Summary

Net earnings of the Company for the three  months  ended June 30, 2005,  totaled
$4,738,497  compared to $3,266,186  for the same period in 2004,  representing a
45.1% increase.  The increase was due principally to a $2.5 million  increase in
net interest income. As explained more fully below, the increase in net interest
income was due to the effect of added loan volume.

Net Interest Income

Net interest  income,  the difference  between interest earned on assets and the
cost of interest-bearing  liabilities, is the largest component of the Company's
income.  Net  interest  income  during the three  months  ended  June 30,  2005,
increased $2.5 million  (33.9%) from the same period in 2004.  This increase was
due primarily to increased loan interest ($3.7  million).  Loan interest  income
increased  due to an  increase  in loan  volume  caused  by the  growth  in land
development and construction  loans.  Interest  expense  increased $1.3 million,
(75.8%)  due to higher  rates and  volume on money  market and  certificates  of
deposits  accounts.  Earning  assets  averaged  $721.1 million during the second
quarter of 2005  compared to $545.8  million in the second  quarter of 2004,  an
increase of $175.3  million,  with most of the increase  due to  increased  loan
volume.  Average  interest-bearing  liabilities  increased $117.5 million,  from
$441.3  million  during the second  quarter of 2004 to $558.8 million during the
same period in 2005,  primarily  due to an  increase  in the average  balance of
money market and certificates of deposit accounts.

The  Company  was in an interest  sensitive  position  during 2003 with a larger
dollar   amount  of   interest-earning   assets   subject  to   repricing   than
interest-bearing  liabilities.  Therefore, during 2003 when rates were generally
declining,  the Company's loan and  investment  portfolios  rapidly  repriced at
lower rates and reduced the net interest margin. During 2003 the adjustable rate
on loans stopped declining  because a


                                       17

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 2005

significant  portion of the Company's loan portfolio consists of loans that have
interest  rate floors.  While the "floored"  loans were an advantage  when rates
reached  historic lows during 2003 and 2004,  these loans also will not re-price
upward until a relatively significant rise in rates occurs. Furthermore,  during
periods when rates generally increase, the Company's deposit costs will increase
and net interest margins may be reduced as rates rise.

With the Federal Reserve increasing the federal funds rate nine times since June
2004,  the cost of funds  rose  faster as a  percentage  than  interest  income;
however,  the volume of new loans  going on at higher  rates was  sufficient  to
maintain the net interest  margin (5.42% at June 30, 2005,  compared to 5.48% at
June 30, 2004).  With those rate  increases,  the prime rate increased 225 basis
points,  which put most of the loans that were below their floor rate, now at or
above their floor rate;  that means that with every rate increase  going forward
the loans will adjust upwards.

Provision for Loan Losses

The provision for loan losses  represents  the charge against  current  earnings
necessary  to maintain  the reserve for loan losses at a level which  management
considers appropriate. This level is determined based upon the Bank's historical
charge-offs,   management's  assessment  of  current  economic  conditions,  the
composition  of the loan  portfolio and the levels of  nonaccruing  and past due
loans.  The  provision  for loan losses was $-0- for the three months ended June
30, 2005 compared to $200 thousand during the same period in 2004. Loans charged
off exceeded  recoveries  by  approximately  $189  thousand for the three months
ended June 30, 2004,  compared to $65 thousand net recovery for the  three-month
period  ended  June 30,  2005.  The  reserve  for loan  losses as a  percent  of
outstanding  loans,  net of unearned  income,  was 1.48 at June 30, 2005 and was
1.69% at June 30, 2004.

Noninterest Income

Noninterest  income for the three  months ended June 30,  2005,  was  $1,022,840
compared to  $1,118,349  for the same period of 2004, a decrease of $95 thousand
(8.5%).  The decrease was primarily due to a gain of approximately $400 thousand
on the sale of excess land and office space at one of the branch  locations  due
to remodeling in 2004. During 2005, there was no similar gain from sale of fixed
assets.

Noninterest Expenses

Noninterest  expenses for the three months ended June 30, 2005,  were $3,161,739
reflecting a 4.4% increase from the same period of 2004. Occupancy costs for the
three months ended June 30, 2005, compared to the same period in 2004, increased
by approximately $61 thousand due to new branch locations.

Income Taxes

The provision for income taxes of $2,969,540 for the three months ended June 30,
2005, increased $994 thousand compared to the same period of 2004, due to higher
taxable  earnings.  The  effective  tax rate for both  periods  is more than the
statutory  federal rate  principally  because of state income taxes,  net of the
federal tax benefit.


                                       18
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 2005

Six Months Ended June 30, 2005 and 2004

Summary

Net  earnings  of the Company for the six months  ended June 30,  2005,  totaled
$8,781,335  compared to $6,051,566  for the same period in 2004,  representing a
45.1% increase.  The increase was due primarily to loan growth,  which generated
higher interest and fees than a year ago. Growth in non-interest  bearing demand
deposits and low cost  interest  bearing  deposits  like money  market,  now and
savings accounts, contributed greatly to keeping the cost of funding down. Asset
quality has been excellent,  with virtually no loan charge-offs (we actually had
net recoveries) and as a result, we have not had to make any provisions for loan
losses,  so far in 2005. We have also seen some solid growth in our non-interest
income and have tried to keep non-interest expense growth to a minimum.

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 six months  ended June 30,  2005,
increased $4.2 million  (29.3%) from the same period in 2004.  This increase was
due  primarily  to an  increase of $6 million in loan  interest  income and $720
thousand in  investment  income.  Interest  expense on deposits  increased  $2.1
million and increased $520 thousand on borrowed  funds.  Both loans and deposits
experienced increased volume.  Earning assets averaged $694.2 million during the
first six months of 2005 compared to $528.8  million in 2004,  with the increase
due to loans which  increased  $147.5 million and  investments and federal funds
sold  that  increased  $17.9  million.  Average   interest-bearing   liabilities
increased  from  $428.7  million  during  the  second  quarter of 2004 to $543.7
million  during the same  period in 2005.  Interest  bearing  checking  accounts
(money market and now accounts)  averaged  $33.8 million higher in 2005 compared
to the second  quarter of 2004  reflecting  an  increase  of 29%, as did average
certificates of deposit (up $50.4 million) increasing 21.8%.

The  Company  was in an asset  sensitive  position  during  2005 and 2004 with a
larger  dollar amount of  interest-earning  assets  subject to  re-pricing  than
interest-bearing  liabilities.   Management  believes  that  in  a  rising  rate
environment  that this is a good  position to be in.  With the  Federal  Reserve
raising  rates 225 basis points since last June (2004),  almost all of the loans
that were below their floor rate at that time,  approximately $200 million, have
adjusted;  as of June 30,  2005,  approximately  $377  million will adjust going
forward.  If rates were to fall, the floor rate on most of the  adjustable  rate
loans would help to protect the Bank's net  interest  margin from  dropping  too
fast.

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  adequate.  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 for the six months ended June 30,
2005 and $500 thousand for the comparable  period in 2004.  Recoveries  exceeded
charge-offs by  approximately  $88 thousand  during the first six months of 2005
compared to charge-offs that exceeded  recoveries by approximately $137 thousand
during the same time period in 2004. The level of non-performing  loans declined
significantly  (from $7.8  million  to $1.1  million)  during  the  period  from
December 31, 2004 to June 30, 2005.  Also  contributing to the fact that no loan
loss provision has been made for 2005 is the extremely low historical charge-off
ratio  that is used as one of the  factors  in  determining  if a  provision  is
needed.


                                       19
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 2005

Non-interest Income

Non-interest  income for the six  months  ended June 30,  2005,  was  $1,923,810
compared to $1,845,350 for the same period of 2004, an increase of 4.25% (2004's
income  included a $415 thousand gain from the sale of a fixed asset compared to
a $21  thousand  gain in 2005).  Without  the effect of the gains,  non-interest
income  actually  increased  33%,  with  increases  of $248  thousand in service
charges on deposit accounts and $240 thousand in secondary market loan fees.

Non-interest Expenses

Non-interest expenses for the six months ended June 30, 2005, totaled $6,046,511
reflecting a 2.9% increase from the same period of 2004. The primary  components
of  non-interest  expenses are salaries and employee  benefits,  which decreased
$192  thousand  for the six months  ended June 30,  2005,  compared  to the same
period in 2004.  This  decrease  was due to an increase in the cost for salaries
and  benefits  that are  deferred  when a new loan is booked,  which is directly
related  to the  significant  increase  in the  loan  volume  mentioned  before.
Occupancy expenses (depreciation,  taxes, insurance, electricity, etc) increased
$115 thousand,  due to the growth of the Bank and the new branch that was opened
in Cape  Coral in  January  2005.  Other  expenses  (advertising  and  promotion
expenses,  professional fees,  assessment fees, data processing expenses,  other
real estate owned expenses, etc) were $248 thousand higher; $134 thousand due to
the growth and $114  thousand  due to expenses  related to the other real estate
owned property.

Income Taxes

The provision  for income taxes of $5,504,756  for the six months ended June 30,
2005,  increased $1.8 million 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.

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.


                                       20
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 2005

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 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


                                       21
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 2005

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.

In May 2005, the FASB issued SFAS 154, Accounting Changes and Error Corrections,
which  replaces APB Opinion No. 20,  Accounting  Changes,  and SFAS 3, Reporting
Accounting Changes in Interim Financial  Statements--An Amendment of APB Opinion
No. 28. SFAS 154 changes the  requirements for the accounting and reporting of a
change  in  accounting  principle.  It  applies  to  all  voluntary  changes  in
accounting   principle  as  well  as  to  changes   required  by  an  accounting
pronouncement  that does not include specific  transition  provisions.  SFAS 154
eliminates  the  requirement  in APB Opinion  No. 20 to include  the  cumulative
effect of changes in accounting  principle in the income statement in the period
of change.  Instead,  to enhance the  comparability  of prior  period  financial
statements,   SFAS  154  requires  that  changes  in  accounting   principle  be
retrospectively  applied.  Under retrospective  application,  the new accounting
principle is applied as of the  beginning  of the first  period  presented as if
that  principle  had always been used.  The  cumulative  effect of the change is
reflected in the carrying value of assets and liabilities as of the first period
presented  and the  offsetting  adjustments  are  recorded  to opening  retained
earnings.  Each period  presented  is  adjusted  to reflect the  period-specific
effects of applying the change. Although retrospective application is similar to
restating   prior  periods,   SFAS  154  gives  the  treatment  a  new  name  to
differentiate  it from  restatement for the correction of an error.  Only direct
effects of the change  will be included in the  retrospective  application;  all
indirect  effects  will  be  recognized  in  the  period  of  change.  If  it is
impracticable to determine the cumulative effect for all prior periods,  the new
accounting principle should be applied as if it were adopted  prospectively from
the earliest date practicable.  SFAS 154 is effective for accounting changes and
corrections of errors made in fiscal years beginning after December 15, 2005.


                                       22
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 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 June 30,  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  interest  rates will increase over the next six months,
maybe even over the next year,  during which,  assets will re-price  faster than
the liabilities, and the Company will experience an increase in its net interest
margin. The table below depicts the results of the simulation assuming a one and
two percent decrease and increase in market interest rates.

<TABLE>
<CAPTION>
                                               Estimated Fair Value of Financial Instruments
                                             -------------------------------------------------
                                                Down          Up          Down          Up
                                             1 Percent    1 Percent    2 Percent    2 Percent
                                             ----------   ----------   ----------   ----------
<S>                                          <C>          <C>          <C>          <C>
                                                            Dollars in Thousands
Interest-earning Assets:
   Loans .................................   $  673,705   $  665,975   $  678,317   $  662,313
   Federal funds sold and cash equivalents        6,217        6,201        6,225        6,193
   Securities ............................       66,502       62,450       68,046       60,007
                                             ----------   ----------   ----------   ----------
     Total Interest-earning Assets .......      746,424      734,626      752,588      728,513
                                             ----------   ----------   ----------   ----------
</TABLE>


                                       23
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 2005

<TABLE>
<CAPTION>
                                                Estimated Fair Value of Financial Instruments
                                          -------------------------------------------------------
                                             Down            Up           Down            Up
                                           1 Percent      1 Percent     2 Percent      2 Percent
                                          -----------    -----------   -----------    -----------
                                                           Dollars in Thousands
<S>                                       <C>            <C>           <C>            <C>
Interest-bearing Liabilities
   Deposits - Savings and demand ......       204,345        201,415       205,810        199,950
   Deposits - Time ....................       314,161        309,775       316,354        307,582
   Other borrowings ...................        67,227         62,773        69,454         60,546
                                          -----------    -----------   -----------    -----------
     Total Interest-bearing Liabilities       585,733        573,963       591,618        568,078
                                          -----------    -----------   -----------    -----------

Net Difference in Fair Value ..........   $   160,691    $   160,663   $   160,970    $   160,435
                                          ===========    ===========   ===========    ===========

Change in Net Interest Income .........   $    (1,240)   $     1,863   $    (2,559)   $     3,683
                                          ===========    ===========   ===========    ===========
</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.


                                       24
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 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 4 - Submission of Matters to a Vote of Security Holders

The Annual Meeting of Shareholders  (the "Annual  Meeting") of Florida Community
Banks,  Inc. was held on April 21,  2005,  to consider the election of directors
(Proposal I) and to allow  adjournment of the Annual Meeting if a quorum was not
present in person or by proxy  (Proposal  II), an issue made moot since a quorum
was present.

At the Annual Meeting,  3,164,047 shares were present in person or by proxy. The
following is a summary and tabulation of the matters that were voted upon at the
Annual Meeting:

PROPOSAL I. Election of Directors :

                                              FOR                 WITHHELD
                                         --------------         -------------
       Beauford E. Davidson                 3,164,047                     0
       Patrick B. Langford                  3,164,047                     0
       Lewis J. Nobles, Jr.                 3,164,047                     0
       John R. Olliff                       3,164,047                     0
       James O'Quinn                        3,164,047                     0
       Stephen L. Price                     3,164,047                     0
       Bernard T. Rasmussen                 3,163,939                   108
       Daniel G. Rosbough                   3,164,047                     0
       James E. Williams, Jr.               3,164,047                     0

PROPOSAL II.  Adjournment if Necessary:

                        FOR                 AGAINST               ABSTAIN
                ------------------    ------------------    ------------------
                     3,081,959               82,088                     0


                                       25
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 2005

Item 6 - Exhibits

The following Exhibits are filed with this report:

<TABLE>
<CAPTION>
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).

    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 June 30, 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).
</TABLE>


                                       26
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                                  June 30, 2005

<TABLE>
<CAPTION>
Exhibit No.                                   Exhibit                                    Page
-----------    -----------------------------------------------------------------      ----------
<S>            <C>                                                                        <C>
    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                     29

    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).                                                               30

    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).                                                               31

    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.                                                32

    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.                                                33
</TABLE>

             [The remainder of this page intentionally left blank.]


                                       27
<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                          08/08/2005
                        -----------------------------------------     ----------
                        Stephen L. Price                              Date
                        President, Chief Executive Officer
                        and Chairman of the Board of Directors


                        /s/ Guy W. Harris                             08/08/2005
                        -----------------------------------------     ----------
                        Guy W. Harris                                 Date
                        Chief Financial Officer


                                       28