----

**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 September 30,                2007 |
|--------|---------------------------------------------------------------------------------|

|   | OR |
|--------|----|

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

|   | For                the transition period from _____ to                _____ |
|--------|-----------------------------------------------------------------------------|

**FLORIDA      COMMUNITY BANKS, INC.**

**(Exact      name of registrant as specified in its charter)**

| **Florida**                                                                                 |   | **35-2164765**                                      |
|---------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|
| (State                or other jurisdiction of Incorporation or organization)               |   | (I.R.S.                Employer Identification No.) |
|                                                                                        |   |                                                |
| **1400                North 15th                Street,                Immokalee, Florida** |   | **34142-2202**                                      |
| (Address                of principal executive offices)                                     |   | (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) |

| Yes                  x | No        o |
|----------------------------------|-----------------------------------------------------|

| Large                accelerated                filer o | Accelerated                filer                 x | Non-accelerated                filer o |
|--------------------------------------------------------------|---------------------------------------------------------|---------------------------------------------|

|   | Indicate                by check mark whether the registrant is a shell company (as defined                in                Rule 12b of the Exchange Act). |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Yes                 o | No        x |
|----------------------------|-----------------------------------------------------|

| Common                Stock, $0.01 par |   | Outstanding                at October 31, 2007: 7,909,664 |
|----------------------------------------|--------|-----------------------------------------------------------|

----

**Form      10-Q**

**FLORIDA      COMMUNITY BANKS, INC.**

**September      30, 2007**

**TABLE      OF CONTENTS**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | **Page                No.** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|--------|
| **Part                I - Financial Information**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                        |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |
| Item                1                -     Consolidated Financial Statements                (Unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                        |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |
| Consolidated                Statements of Financial Condition as of September 30,                2007and                December                31,                2006                                                                                                                                                           |   |                        | 3      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Consolidated                Statements of Income for the Three Months and Nine MonthsEnded                September                30, 2007 and                2006                                                                                                                                                               |   |                        | 4      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Consolidated                Statement of Shareholders' Equity for the Nine MonthsEnded                September                30,                2007                                                                                                                                                                            |   |                        | 5      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Consolidated                Statements of Cash Flows for the Nine MonthsEnded                September 30, 2007 and                2006                                                                                                                                                                                           |   |                        | 6      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Notes                to                Consolidated Financial                Statements                                                                                                                                                                                                                            |   |                        | 7      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Item                2                - Management's Discussion and Analysis ofFinancial                Condition and Results of                Operations                                                                                                                                                     |   |                        | 13     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Item                3 -                Quantitative and Qualitative Disclosures about Market                Risk                                                                                                                             |   |                        | 17     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Item                4 -                Controls and                Procedures                                                                                                                                                                |   |                        | 18     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| **Part                II - Other Information**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                        |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Item                1 - Legal                Proceedings                                                                                                                                                                                     |   |                        | 19     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Item                1A - Risk                Factors                                                                                                                                                                                         |   |                        | 19     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Item                5 – Other                Information                                                                                                                                                                               |   |                        | 19     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Item                6 –                Exhibits                                                                                                                                                                                        |   |                        | 20     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                        |   |   |
| Signatures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                        | 21     |   |

----

**PART      I - FINANCIAL INFORMATION**

**Item      1 - Financial Statements**

**FLORIDA      COMMUNITY BANKS, INC.**

**CONSOLIDATED      STATEMENTS OF FINANCIAL CONDITION**

**September      30, 2007 (Unaudited) and December 31, 2006**

Table

|                                                                                                                                                                                                                                   |   | **                   September 30,****                    2007****                     (Unaudited)** |            |   | December                31,2006 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|--------|---------------------------------|--------|
| **Assets**                                                                                                                                                                                                                             |   |                                                                                                                                                             |            |   |                            |   |
| Cash                and due from banks                                                                                                                                                                                                 |   | **$**                                                                                                                                                            | **11,295,417**  |   |                            | $      | 19,013,130 |   |
| Interest-bearing                demand deposits with banks                                                                                                                                                                             |   | ** **                                                                                                                                                       | **1,717,979**   |   |                            |   | 1,499,212 |   |
| Federal                funds sold                                                                                                                                                                                                      |   | ** **                                                                                                                                                       | **105,000**     |   |                            |   | 100,000 |   |
| **Cash                and Cash                Equivalents**                                                                                                                                                                            |   | ** **                                                                                                                                                       | **13,118,396**  |   |                            |   | 20,612,342 |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| Securities                held-to-maturity, fair value of $137,212,400 in 2007 and $99,976,028                in 2006                                                                                                        |   | ** **                                                                                                                                                       | **138,034,509** |   |                            |   | 101,109,108 |   |
| Other                investments-securities                                                                                                                                                                                            |   | ** **                                                                                                                                                       | **5,149,965**   |   |                            |   | 5,595,465 |   |
| Other                investments-partnerships                                                                                                                                                                                          |   | ** **                                                                                                                                                       | **1,215,875**   |   |                            |   | 1,263,875 |   |
| Loans                held-for-sale                                                                                                                                                                                                     |   | ** **                                                                                                                                                       | **160,000**     |   |                            |   | 145,600 |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| Loans,                net of unearned income                                                                                                                                                                                           |   | ** **                                                                                                                                                       | **774,659,262** |   |                            |   | 869,462,473 |   |
| Allowance                for loan losses                                                                                                                                                                                               |   | ** **                                                                                                                                                       | **(13,963,948** | **)**  |                            |   | (13,590,000 | ) |
| **Net                Loans**                                                                                                                                                                                                           |   | ** **                                                                                                                                                       | **760,695,314** |   |                            |   | 855,872,473 |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| Premises                and equipment, net                                                                                                                                                                                             |   | ** **                                                                                                                                                       | **18,627,247**  |   |                            |   | 14,455,093 |   |
| Accrued                interest                                                                                                                                                                                                        |   | ** **                                                                                                                                                       | **5,138,779**   |   |                            |   | 6,640,337 |   |
| Foreclosed                real estate                                                                                                                                                                                                  |   | ** **                                                                                                                                                       | **1,142,099**   |   |                            |   | 2,403,435 |   |
| Deferred                taxes, net                                                                                                                                                                                                     |   | ** **                                                                                                                                                       | **10,063,446**  |   |                            |   | 6,425,467 |   |
| Other                assets                                                                                                                                                                                                            |   | ** **                                                                                                                                                       | **1,664,460**   |   |                            |   | 2,154,231 |   |
| **Total                Assets**                                                                                                                                                                                                        |   | **$**                                                                                                                                                            | **955,010,090** |   |                            | $      | 1,016,677,426 |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| **Liabilities                and Shareholders’ Equity**                                                                                                                                                                          |   |                                                                                                                                                             |            |   |                            |   |   |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| **Liabilities**                                                                                                                                                                                                                        |   |                                                                                                                                                             |            |   |                            |   |   |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| **Deposits**                                                                                                                                                                                                                           |   |                                                                                                                                                             |            |   |                            |   |   |   |
| Noninterest-bearing                                                                                                                                                                                                                    |   | **$**                                                                                                                                                            | **74,980,753**  |   |                            | $      | 109,481,282 |   |
| Interest-bearing                                                                                                                                                                                                                       |   | ** **                                                                                                                                                       | **682,298,318** |   |                            |   | 725,980,218 |   |
| **Total                Deposits**                                                                                                                                                                                                      |   | ** **                                                                                                                                                       | **757,279,071** |   |                            |   | 835,461,500 |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| Short-term                borrowings                                                                                                                                                                                                   |   | ** **                                                                                                                                                       | **13,168,000**  |   |                            |   | 694,000 |   |
| Accrued                interest                                                                                                                                                                                                        |   | ** **                                                                                                                                                       | **3,872,765**   |   |                            |   | 2,767,839 |   |
| Deferred                compensation                                                                                                                                                                                                   |   | ** **                                                                                                                                                       | **217,928**     |   |                            |   | 246,635 |   |
| FHLB                advances                                                                                                                                                                                                           |   | ** **                                                                                                                                                       | **45,000,000**  |   |                            |   | 55,000,000 |   |
| Subordinated                debentures                                                                                                                                                                                                 |   | ** **                                                                                                                                                       | **30,929,000**  |   |                            |   | 30,929,000 |   |
| Other                liabilities                                                                                                                                                                                                       |   | ** **                                                                                                                                                       | **3,101,496**   |   |                            |   | 1,011,138 |   |
| **Total                Liabilities**                                                                                                                                                                                                   |   | ** **                                                                                                                                                       | **853,568,260** |   |                            |   | 926,110,112 |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| **Shareholders’                Equity**                                                                                                                                                                                          |   |                                                                                                                                                             |            |   |                            |   |   |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| Common                stock - par value $0.01 per share, 10,000,000 shares authorized,                7,909,664                shares issued and outstanding at September 30, 2007 and December                31,                2006 |   | ** **                                                                                                                                                       | **79,096**      |   |                            |   | 79,096 |   |
| Paid-in                capital                                                                                                                                                                                                         |   | ** **                                                                                                                                                       | **18,461,737**  |   |                            |   | 18,432,682 |   |
| Retained                earnings                                                                                                                                                                                                       |   | ** **                                                                                                                                                       | **82,900,997**  |   |                            |   | 72,055,536 |   |
| **Total                Shareholders’                Equity**                                                                                                                                                                     |   | ** **                                                                                                                                                       | **101,441,830** |   |                            |   | 90,567,314 |   |
|                                                                                                                                                                                                                                   |   |                                                                                                                                                             |            |   |                            |   |   |   |
| **Total                Liabilities and                Shareholders’ Equity**                                                                                                                                                     |   | **$**                                                                                                                                                            | **955,010,090** |   |                            | $      | 1,016,677,426 |   |

**3**

----

**FLORIDA      COMMUNITY BANKS, INC.**

**CONSOLIDATED      STATEMENTS OF INCOME**

**Three      Months and Nine Months Ended September 30, 2007 and 2006**

**(Unaudited)**

Table

|                                                                                                                |   |                            Three Months                                      |       |   |                           Nine Months                                       |   |
|---------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------|------------|--------|-------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                |   |                                 Ended September 30, |       |   |                                Ended September 30, |   |
|                                                                                                                |   |                        2007                                                                      |       |   |                           2006                                              |   |   |                         2007 |   |   |                         2006 |   |
| **Interest                Income**                                                                                  |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |
| Interest                and fees on                loans                                                            |   | $                                                                                                                                   | 17,815,768 |   |                                                                                                                          | $      | 21,768,673 |   |   | $ | 55,840,058 |   |   | $ | 60,827,003 |   |
| Interest                and dividends on                taxablesecurities                                           |   |                                                                                                                                | 1,385,261  |   |                                                                                                                          |   | 742,694 |   |   |   | 3,580,787 |   |   |   | 2,118,388 |   |
| Interest                on tax-exempt                securities                                                     |   |                                                                                                                                | 206,823    |   |                                                                                                                          |   | 29,482 |   |   |   | 605,014 |   |   |   | 29,482 |   |
| Interest                on federal funds                soldand                other interest                income |   |                                                                                                                                | 205,033    |   |                                                                                                                          |   | 341,143 |   |   |   | 588,688 |   |   |   | 724,646 |   |
| **Total                Interest                Income**                                                             |   |                                                                                                                                | 19,612,885 |   |                                                                                                                          |   | 22,881,992 |   |   |   | 60,614,547 |   |   |   | 63,699,519 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| **Interest                Expense**                                                                                 |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Interest                on                deposits                                                                  |   |                                                                                                                                | 8,714,215  |   |                                                                                                                          |   | 7,880,959 |   |   |   | 25,482,911 |   |   |   | 21,406,336 |   |
| Interest                on borrowed                funds                                                            |   |                                                                                                                                | 1,151,589  |   |                                                                                                                          |   | 1,343,372 |   |   |   | 3,627,834 |   |   |   | 3,307,624 |   |
| **Total                Interest                Expense**                                                            |   |                                                                                                                                | 9,865,804  |   |                                                                                                                          |   | 9,224,331 |   |   |   | 29,110,745 |   |   |   | 24,713,960 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| **Net                Interest Income**                                                                              |   |                                                                                                                                | 9,747,081  |   |                                                                                                                          |   | 13,657,661 |   |   |   | 31,503,802 |   |   |   | 38,985,559 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Provision                for loan losses                                                                            |   |                                                                                                                                | 550,000    |   |                                                                                                                          |   | 1,225,000 |   |   |   | 849,100 |   |   |   | 4,615,000 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| **Net                Interest Income After****Provision                for Loan                Losses**             |   |                                                                                                                                | 9,197,081  |   |                                                                                                                          |   | 12,432,661 |   |   |   | 30,654,702 |   |   |   | 34,370,559 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| **Noninterest                Income**                                                                               |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Customer                service                fees                                                                 |   |                                                                                                                                | 365,962    |   |                                                                                                                          |   | 410,939 |   |   |   | 1,066,127 |   |   |   | 1,255,705 |   |
| Secondary                market loan                fees                                                            |   |                                                                                                                                | 85,304     |   |                                                                                                                          |   | 207,830 |   |   |   | 334,148 |   |   |   | 570,906 |   |
| Gain                on sale of other real                estate                                                     |   |                                                                                                                                | —    |   |                                                                                                                          |   | — |   |   |   | 404,921 |   |   |   | — |   |
| Other                operating                income                                                                |   |                                                                                                                                | 128,178    |   |                                                                                                                          |   | 343,279 |   |   |   | 411,667 |   |   |   | 1,233,705 |   |
| **Total                Noninterest                Income**                                                          |   |                                                                                                                                | 579,444    |   |                                                                                                                          |   | 962,048 |   |   |   | 2,216,863 |   |   |   | 3,060,316 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| **Noninterest                Expenses**                                                                             |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Salaries                and employee                benefits                                                        |   |                                                                                                                                | 2,680,307  |   |                                                                                                                          |   | 2,336,964 |   |   |   | 8,089,199 |   |   |   | 6,935,967 |   |
| Occupancy                and equipment                expense                                                       |   |                                                                                                                                | 641,986    |   |                                                                                                                          |   | 649,177 |   |   |   | 1,855,593 |   |   |   | 1,701,155 |   |
| Other                operating                expenses                                                              |   |                                                                                                                                | 1,174,226  |   |                                                                                                                          |   | 776,067 |   |   |   | 2,890,973 |   |   |   | 2,327,748 |   |
| **Total                Noninterest                Expenses**                                                        |   |                                                                                                                                | 4,496,519  |   |                                                                                                                          |   | 3,762,208 |   |   |   | 12,835,765 |   |   |   | 10,964,870 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Income                before income taxes                                                                           |   |                                                                                                                                | 5,280,006  |   |                                                                                                                          |   | 9,632,501 |   |   |   | 20,035,800 |   |   |   | 26,466,005 |   |
| Income                tax expense                                                                                   |   |                                                                                                                                | 1,983,063  |   |                                                                                                                          |   | 3,699,239 |   |   |   | 7,542,492 |   |   |   | 10,178,866 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| **Net                Income**                                                                                       |   | $                                                                                                                                   | 3,296,943  |   |                                                                                                                          | $      | 5,933,262 |   |   | $ | 12,493,308 |   |   | $ | 16,287,139 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Basic                earnings per common share                                                                      |   | $                                                                                                                                   | 0.42       |   |                                                                                                                          | $      | 0.75 |   |   | $ | 1.58 |   |   | $ | 2.06 |   |
| Diluted                earnings per common share                                                                    |   |                                                                                                                                | 0.41       |   |                                                                                                                          |   | 0.74 |   |   |   | 1.55 |   |   |   | 2.04 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Cash                dividends declaredper                common share                                               |   |                                                                                                                                | 0.00       |   |                                                                                                                          |   | 0.00 |   |   |   | 0.21 |   |   |   | 0.17 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Weighted                average commonshares                outstanding -                basic                      |   |                                                                                                                                | 7,909,664  |   |                                                                                                                          |   | 7,884,228 |   |   |   | 7,909,664 |   |   |   | 7,891,663 |   |
| Weighted                average commonshares                outstanding -                diluted                    |   |                                                                                                                                | 8,045,938  |   |                                                                                                                          |   | 8,006,168 |   |   |   | 8,041,134 |   |   |   | 7,996,978 |   |
|                                                                                                                |   |                                                                                                                                |       |   |                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |

**4**

----

**FLORIDA      COMMUNITY BANKS, INC.**

**CONSOLIDATED      STATEMENT OF SHAREHOLDERS' EQUITY**

**Nine      months Ended September 30, 2007**

**(Unaudited)**

Table

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                      Common                     Stock |       |   |                      Paid-in                     Capital |   |           |                        Retained                       Earnings |   |   |                     Total |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------|------------|--------|------------------------------------------------------------------------------------------------------------|--------|----------------|--------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                                                    |       |   |                                                                                                       |   |           |                                                                                                                                 |   |   |                                          |   |
| Balance                at December 31,                2006                                                                                 |   | $                                                                                                       | 79,096     |   |                                                                                                       | $      | 18,432,682     |                                                                                                                                 |   | $      | 72,055,536                                    |   |   | $ | 90,567,314 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                                                    |       |   |                                                                                                       |   |           |                                                                                                                                 |   |   |                                          |   |   |   |   |   |
| Cash                dividends - Common$0.21                per                share                                                                  |   |                                                                                                    | —    |   |                                                                                                       |   | —        |                                                                                                                                 |   |   | (1,647,847                                    | )      |   |   | (1,647,847 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                                                    |       |   |                                                                                                       |   |           |                                                                                                                                 |   |   |                                          |   |   |   |   |   |
| Stock-based                compensation                expense                                                                             |   |                                                                                                    | —    |   |                                                                                                       |   | 29,055         |                                                                                                                                 |   |   | —                                       |   |   |   | 29,055 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                                                    |       |   |                                                                                                       |   |           |                                                                                                                                 |   |   |                                          |   |   |   |   |   |
| Net                income - nine months endedSeptember                30,                2007                                                                  |   |                                                                                                    | —    |   |                                                                                                       |   | —        |                                                                                                                                 |   |   | 12,493,308                                    |   |   |   | 12,493,308 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                                                    |       |   |                                                                                                       |   |           |                                                                                                                                 |   |   |                                          |   |   |   |   |   |
| **Balance                at September 30,                2007                                                                   **         |   | **$**                                                                                                   | **79,096** |   |                                                                                                       | **$**  | **18,461,737** |                                                                                                                                 |   | **$**  | **82,900,997**                                |   |   | **$** | **101,441,830** |   |

**5**

----

**FLORIDA      COMMUNITY BANKS, INC.**

**CONSOLIDATED      STATEMENTS OF CASH FLOWS**

**Nine      months Ended September 30, 2007 and 2006**

**(Unaudited)**

Table

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   Nine                Months                                                    |            |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------|-----------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                          Ended September 30, |            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | **                  2007**                                                      |            |   |                      2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |            |   |   |   |
| **Operating                Activities**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                      |            |   |   |   |
| Net                Income                                                                                                                                                                                     |   | **$**                                                                                     | **12,493,308**  |   |   | $ | 16,287,139 |   |
| Adjustments                to reconcile net                income to net cash  provided                by                operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                      |            |   |   |   |   |   |
| Provision                for loan                losses                                                                                                                                                                                |   | ** **                                                                                | **849,100**     |   |   |   | 4,615,000 |   |
| Compensation                associated with the                issuanceof                options, net of                tax                                                                                                                      |   | ** **                                                                                | **29,055**      |   |   |   | 72,731 |   |
| Gain                on sale of other real estate                owned property                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | ** **                                                                                | **(404,921**    | **)** |   |   | — |   |
|           Gain                on disposal of premises and equipment................                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | ** **                                                                                | **(2,780**      | **)** |   |   | — |   |
| Loss                on disposal of premises and                equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                      | —         |   |   |   | 33,911 |   |
| Depreciation,                amortization, and                accretion, net                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | ** **                                                                                | **772,053**     |   |   |   | 832,490 |   |
| Decrease                (increase) in accrued                interest receivable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | ** **                                                                                | **1,501,558**   |   |   |   | (1,091,071 | ) |
| Increase                in accrued interest                payable                                                                                                                                            |   | ** **                                                                                | **1,104,926**   |   |   |   | 545,109 |   |
| (Increase)                decrease in deferred                tax asset,                net                                                                                                                   |   | ** **                                                                                | **(3,637,978**  | **)** |   |   | (1,469,053 | ) |
| Other,                net                                                                                                                                                                                     |   | ** **                                                                                | **2,487,170**   |   |   |   | 1,362,723 |   |
| **Net                Cash Provided By Operating                Activities**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | ** **                                                                                | **15,191,491**  |   |   |   | 21,188,979 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |            |   |   |   |   |   |
| **Investing                Activities**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                      |            |   |   |   |   |   |
| Purchase                of investment securities                held-to-maturity                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | ** **                                                                                | **(42,803,676** | **)** |   |   | (20,990,219 | ) |
| Proceeds                from pay-downs of                investmentsecurities                held-to-maturity                                                                                                           |   | ** **                                                                                | **5,813,206**   |   |   |   | 4,069,380 |   |
| Net                (purchase)/sale of other                investment securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | ** **                                                                                | **445,500**     |   |   |   | (267,200 | ) |
| Net                decrease (increase) in loans                to customers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | ** **                                                                                | **93,846,712**  |   |   |   | (99,479,668 | ) |
| Proceeds                from other                investments                                                                                                                                                 |   | ** **                                                                                | **48,000**      |   |   |   | — |   |
| Proceeds                from the sale of premises                and equipment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | ** **                                                                                | **12,536**      |   |   |   | — |   |
| Purchase                of premises and                equipment                                                                                                                                              |   | ** **                                                                                | **(4,894,873**  | **)** |   |   | (916,252 | ) |
| Proceeds                from the sale of other                real estate owned                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | ** **                                                                                | **2,203,435**   |   |   |   | — |   |
| **Net                Cash Provided By (Used In)                Investing Activities**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | ** **                                                                                | **54,670,840**  |   |   |   | (117,583,959 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |            |   |   |   |   |   |
| **Financing                Activities**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                                                                      |            |   |   |   |   |   |
| Net                increase (decrease) in demand                deposits, NOW accountsand                savings                accounts                                                                                |   | ** **                                                                                | **(33,395,056** | **)** |   |   | 34,175,519 |   |
| Net                increase (decrease) in                certificates of deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | ** **                                                                                | **(44,787,374** | **)** |   |   | 75,376,067 |   |
| Issuance/(repayment)                of short-term                borrowings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | ** **                                                                                | **12,474,000**  |   |   |   | (24,988,000 | ) |
| Repayments                of other                debt                                                                                                                                                        |   |                                                                                      | —         |   |   |   | 67,279 |   |
| Issuance                of subordinated                debentures                                                                                                                                             |   |                                                                                      | —         |   |   |   | 20,010,000 |   |
| Net                decrease in FHLB                advances                                                                                                                                                   |   | ** **                                                                                | **(10,000,000** | **)** |   |   | (5,000,000 | ) |
| Dividends                paid                                                                                                                                                                                 |   | ** **                                                                                | **(1,647,847**  | **)** |   |   | (1,373,286 | ) |
| **Net                Cash (Used In) Provided By                Financing Activities**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | ** **                                                                                | **(77,356,277** | **)** |   |   | 98,267,579 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |            |   |   |   |   |   |
| **Net                (Decrease) Increase in Cash and Cash Equivalents**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | ** **                                                                                | **(7,493,946**  | **)** |   |   | 1,872,599 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |            |   |   |   |   |   |
| Cash                and Cash Equivalents at Beginning of Period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | ** **                                                                                | **20,612,342**  |   |   |   | 32,368,349 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                                                                      |            |   |   |   |   |   |
| **Cash                and Cash Equivalents at End of Period**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | **$**                                                                                     | **13,118,396**  |   |   | $ | 34,240,948 |   |

**6**

----

**FLORIDA            COMMUNITY BANKS, INC.**

**NOTES            TO CONSOLIDATED FINANCIAL STATEMENTS**

**September            30, 2007**

**(Unaudited)**

Table

**Note      A - Basis of Presentation**

**Note      B - Critical Accounting Policies**

**Note      B – Critical Accounting Policies-Continued**

**Note      C - Income Taxes**

*Accounting for      Uncertainties in Income Taxes, an Interpretation of FASB Statement No. 109*

**7**

----

**Note      D - Securities**

*Accounting for Certain      Investments in Debt and Equity Securities *

|                                          |   | Gross                    AmortizedCost |            |   |                    Gross                     Unrealized                     Gains |       |        |                   Gross                     Unrealized    Losses |   |       | Estimated Fair                     Value |   |
|-----------------------------------------------|--------|------------------------------------------------------------|-----------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|------------|-------------|-------------------------------------------------------------------------------------------------------------------------|--------|------------|------------------------------------------------------------------------|--------|
| Securities                Held-to-Maturity    |   |                                                       |            |   |                                                                                                                                               |       |        |                                                                                                                    |   |       |                                                                   |   |
|                                          |   |                                                       |            |   |                                                                                                                                               |       |        |                                                                                                                    |   |       |                                                                   |   |
| September                30, 2007:            |   |                                                       |            |   |                                                                                                                                               |       |        |                                                                                                                    |   |       |                                                                   |   |
| **FHLB                and FHLMC**             |   |                                                       |            |   |                                                                                                                                               |       |        |                                                                                                                    |   |       |                                                                   |   |
| **agency                notes**               |   | **$**                                                      | **18,492,511**  |   |                                                                                                                                               | **$**      | **189,494** |                                                                                                                    |   | **$**      | **19,905**                                                             |   |   | **$** | **18,662,100** |   |
| **Municipal                securities**       |   | ** **                                                 | **20,603,551**  |   |                                                                                                                                               | ** ** | **44,288**  |                                                                                                                    |   | ** ** | **112,484**                                                            |   |   | ** ** | **20,535,355** |   |
| **Mortgage-backed                securities** |   | ** **                                                 | **98,938,447**  |   |                                                                                                                                               | ** ** | **212,296** |                                                                                                                    |   | ** ** | **1,135,798**                                                          |   |   | ** ** | **98,014,945** |   |
|                                          |   |                                                       |            |   |                                                                                                                                               |       |        |                                                                                                                    |   |       |                                                                   |   |   |   |   |   |
|                                          |   | **$**                                                      | **138,034,509** |   |                                                                                                                                               | **$**      | **446,078** |                                                                                                                    |   | **$**      | **1,268,187**                                                          |   |   | **$** | **137,212,400** |   |
|                                          |   |                                                       |            |   |                                                                                                                                               |       |        |                                                                                                                    |   |       |                                                                   |   |   |   |   |   |
| December                31, 2006:             |   |                                                       |            |   |                                                                                                                                               |       |        |                                                                                                                    |   |       |                                                                   |   |   |   |   |   |
| FHLB                and FHLMC                 |   |                                                       |            |   |                                                                                                                                               |       |        |                                                                                                                    |   |       |                                                                   |   |   |   |   |   |
| agency                notes                   |   | $                                                          | 12,530,776      |   |                                                                                                                                               | $          | 28,181      |                                                                                                                    |   | $          | 43,207                                                                 |   |   | $ | 12,515,750 |   |
| Municipal                securities           |   |                                                       | 16,765,363      |   |                                                                                                                                               |       | 136,498     |                                                                                                                    |   |       | 19,021                                                                 |   |   |   | 16,882,840 |   |
| Mortgage-backed                securities     |   |                                                       | 71,812,969      |   |                                                                                                                                               |       | 53,473      |                                                                                                                    |   |       | 1,289,004                                                              |   |   |   | 70,577,438 |   |
|                                          |   |                                                       |            |   |                                                                                                                                               |       |        |                                                                                                                    |   |       |                                                                   |   |   |   |   |   |
|                                          |   | $                                                          | 101,109,108     |   |                                                                                                                                               | $          | 218,152     |                                                                                                                    |   | $          | 1,351,232                                                              |   |   | $ | 99,976,028 |   |

|                                                     |   |                               Less Than 12 Months |       |   |                                  12 Months or More |   |    |                           Total |   |
|----------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------|------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|--------|---------|-----------------------------------------------------------------------------------|--------|
| Description                of Securities                 |   | Fair                     Value                                                                 |       |   | Unrealized                       Losses                                                              |   |    | Fair                     Value                           |   |   | Unrealized                      Losses |   |   | Fair                     Value |   |   | Unrealized                        Losses |   |
|                                                     |   |                                                                                                                    |       |   |                                                                                                                                    |   |    |                                                                              |   |   |   |   |   |   |   |   |   |   |
| FHLB                and FHLMCagency                notes |   | $                                                                                                                       | —    |   |                                                                                                                                    | $      | — |                                                                              |   | $ | 1,979,200 |   |   | $ | 19,905 |   |   | $ | 1,979,200 |   |   | $ | 19,905 |   |
| Municipal                securities                      |   |                                                                                                                    | 12,263,751 |   |                                                                                                                                    |   | 74,328  |                                                                              |   |   | 3,399,593 |   |   |   | 38,156 |   |   |   | 15,663,344 |   |   |   | 112,484 |   |
| Mortgage-backedsecurities                                |   |                                                                                                                    | 34,137,157 |   |                                                                                                                                    |   | 253,539 |                                                                              |   |   | 47,833,081 |   |   |   | 882,259 |   |   |   | 81,970,238 |   |   |   | 1,135,798 |   |
|                                                     |   |                                                                                                                    |       |   |                                                                                                                                    |   |    |                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                    |   | $                                                                                                                       | 46,400,908 |   |                                                                                                                                    | $      | 327,867 |                                                                              |   | $ | 53,211,874 |   |   | $ | 940,320 |   |   | $ | 99,612,782 |   |   | $ | 1,268,187 |   |
|                                                     |   |                                                                                                                    |       |   |                                                                                                                                    |   |    |                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

**8**

----

**FLORIDA            COMMUNITY BANKS, INC.**

**NOTES            TO CONSOLIDATED FINANCIAL STATEMENTS**

**September            30, 2007**

**(Unaudited)**

**Note      D - Securities - Continued**

**Note      E - Subordinated Debentures**

**Note      F - Segment Information**

**Note      G - Stock-Based Compensation**

*Share-Based Payment,*

**9**

----

**FLORIDA            COMMUNITY BANKS, INC.**

**NOTES            TO CONSOLIDATED FINANCIAL STATEMENTS**

**September            30, 2007**

**(Unaudited)**

**Note      G - Stock-Based Compensation - Continued**

**Note      H - Commitments and Contingencies**

**10**

----

**FLORIDA            COMMUNITY BANKS, INC.**

**NOTES            TO CONSOLIDATED FINANCIAL STATEMENTS**

**September            30, 2007**

**(Unaudited)**

**Note      H - Commitments and Contingencies - Continued**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | **                   September 30,****                    2007** |            |   | December                31,2006 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------|-----------------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                                |            |   |                            |   |
| Commitments                to extend                credit                                                                                                 |   | **$**                                                                                               | **109,055,000** |   |                            | $      | 203,088,000 |   |
| Standby                and commercial letters of                credit                                                                                     |   | ** **                                                                                          | **1,871,000**   |   |                            |   | 2,427,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                                |            |   |                            |   |   |   |
| Total                commitments and                contingencies                                                                                          |   | **$**                                                                                               | **110,926,000** |   |                            | $      | 205,515,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                                |            |   |                            |   |   |   |

**Note      I – Subsequent Events**

**11**

----

**FLORIDA            COMMUNITY BANKS, INC.**

**NOTES            TO CONSOLIDATED FINANCIAL STATEMENTS**

**September            30, 2007**

**(Unaudited)**

**Note      J - Recent Accounting Pronouncements**

*"Accounting for Certain Hybrid Financial Instruments, an amendment of      FASB      Statements No. 133 and 140." *
*"Accounting for Derivative Instruments and Hedging Activities."*
*"Embedded Derivatives: Application of      Paragraph 13(b) to Securitized Interests in Prepayable Financial Assets."*

*Accounting for Servicing of Financial      Assets, *
* *

*Accounting for Uncertainly in Income Taxes,*

*Employers' Accounting for      Defined Benefit Pension and Other Postretirement Plan,*
*, *

*Fair Value Measurements.*

*Accounting for Deferred Compensation and Postretirement Benefit      Aspects of Endorsement Split-Dollar Life Insurance Arrangements. *

*The Fair Value Option for      Financial Assets and Financial Liabilities. *

**12**

----

**FLORIDA            COMMUNITY BANKS, INC.**

**September            30, 2007**

Table

**tem      2 - Management’s Discussion and Analysis of Financial Condition and Results of      Operations**

**Forward-Looking      Information**

**FINANCIAL      CONDITION**

**September      30, 2007 compared to December 31, 2006**

**Loans**

**Investment      Securities and Other Earning Assets**

**Asset      Quality**

**Deposits**

**13**

----

**FLORIDA            COMMUNITY BANKS, INC.**

**September            30, 2007**

**Shareholders’      Equity**

** **
** **

**Liquidity      Management**

**Capital      Resources**

**14**

----

**FLORIDA            COMMUNITY BANKS, INC.**

**September            30, 2007**

**RESULTS      OF OPERATIONS**

**Three      months ended September 30, 2007 and 2006**

**Summary**

**Net      Interest Income**

**Provision      for Loan Losses**

** **
*Accounting for Contingencies*
*Accounting for      Impairment of a Loan*

**Noninterest      Income**

**Noninterest      Expenses**

**Income      Taxes**

**15**

----

**FLORIDA          COMMUNITY BANKS, INC.**

**September          30, 2007**

**Nine      Months Ended September 30, 2007 and 2006**

**Summary**

**Net      Interest Income**

**Provision      for Loan Losses**

**Noninterest      Income**

**Noninterest      Expenses**

**Income      Taxes**

**Other      Accounting Issues**

**16**

----

**FLORIDA          COMMUNITY BANKS, INC.**

**September          30, 2007**

Table

**Item      3. Quantitative and Qualitative Disclosures about Market      Risk**

**.**

|                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                 Estimated Fair Value of Financial Instruments |    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Down 1                Percent                                                                                                                                                                                                                            |    |   | Up 1                Percent |   |   | Down 2                Percent |   |   | Up 2                Percent |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Dollars                in Thousands                                                                                                                                                                                                                           |    |
| **Interest-earning                Assets**                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                                                          |    |   |   |   |   |   |   |   |   |   |
| Federal                funds sold and cash equivalents                                                                                                                                                                                                                                                                                                                                                               |   | $                                                                                                                                                                                                                                                             | 1,823   |   |   | $ | 1,823 |   |   | $ | 1,823 |   |   | $ | 1,823 |   |
| Securities                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                                                          | 147,303 |   |   |   | 134,521 |   |   |   | 153,252 |   |   |   | 127,831 |   |
| Loans                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                                                                                                                                                                                                                                          | 768,123 |   |   |   | 765,756 |   |   |   | 771,433 |   |   |   | 763,723 |   |
| **Total                Interest-earning                Assets**                                                                                                                                                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                                                          | 917,249 |   |   |   | 902,100 |   |   |   | 926,508 |   |   |   | 893,377 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Interest-bearing                Liabilities**                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                                                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                - Savings and demand                                                                                                                                                                                                                                                                                                                                                                         |   |                                                                                                                                                                                                                                                          | 244,534 |   |   |   | 239,288 |   |   |   | 247,891 |   |   |   | 236,961 |   |
| Deposits                - Time                                                                                                                                                                                                                                                                                                                                                                                       |   |                                                                                                                                                                                                                                                          | 424,209 |   |   |   | 420,675 |   |   |   | 426,221 |   |   |   | 417,646 |   |
| Other                borrowings                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                                                          | 58,427  |   |   |   | 57,386 |   |   |   | 59,292 |   |   |   | 56,995 |   |
| **Total                Interest-bearing                Liabilities**                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                          | 727,170 |   |   |   | 717,349 |   |   |   | 733,404 |   |   |   | 711,602 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                Difference in Fair                Value                                                         ** |   | $                                                                                                                                                                                                                                                             | 190,079 |   |   | $ | 184,751 |   |   | $ | 193,104 |   |   | $ | 181,775 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                                                                                                                                                                                                                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Change                in Net Interest Income**                                                                                                                                                                                                                                                                                                                                                                     |   | $                                                                                                                                                                                                                                                             | (2,086  | ) |   | $ | 2,428 |   |   | $ | (3,879 | ) |   | $ | 4,048 |   |

**17**

----

**FLORIDA          COMMUNITY BANKS, INC.**

**September          30, 2007**

Table

**Item        4. Controls and Procedures**

**Evaluation      of Disclosure Controls and Procedures**

**Changes      in Internal Controls**

**18**

----

**FLORIDA            COMMUNITY BANKS, INC.**

**September            30, 2007**

Table

**PART      II - Other Information**

**Item      1 - Legal Proceedings**

**Item      1A - Risk Factors**

***The      slowing real estate market may adversely affect our      business.***

***   ***

**Item      5 - Other Information**

**19**

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**FLORIDA            COMMUNITY BANKS, INC.**

**September            30, 2007**

Table

** Item      6 - Exhibits**

| **Exhibit                No.** |   | **Exhibit                                                         ** | **Page**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |   |                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                           | 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, 2001, and incorporated                herein by reference).                                                                                                                                                                                                               |   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           | 4.2    |                                                                                                                                                                                                                                                                                                                                                              | Specimen                Common Stock Certificate of FCBI (included as Exhibit 4.1 to FCBI's                Registration Statement on Form 8-A filed with the SEC on April 15,                2002,                and incorporated herein by reference).                                                                                                                                                                                                                                                                                                             |   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           | 10.1   |                                                                                                                                                                                                                                                                                                                                                              | 2002                Key Employee Stock Compensation Program of FCBI (included as Appendix                D to                the Bank's Definitive Schedule 14-A filed with the FDIC on March                22, 2002,                and incorporated herein by reference).                                                                                                                                                                                                                                                                                         |   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           | 10.2   |                                                                                                                                                                                                                                                                                                                                                              | 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). |   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           | 10.3   |                                                                                                                                                                                                                                                                                                                                                              | 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).                                                                                                                                                                                      |   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           | 10.4   |                                                                                                                                                                                                                                                                                                                                                              | 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).                                                                                                                                                                                     |   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           | 10.5   |                                                                                                                                                                                                                                                                                                                                                              | Employee                Stock Ownership Plan (included as Exhibit 10.5 to the Company's Form                S-8                filed May 6, 2004, and incorporated herein by reference).                                                                                                                                                                                                                                                                                                                                                                             |   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                           | 10.6   |                                                                                                                                                                                                                                                                                                                                                              | Amended                and Restated Declaration of Trust, dated as of May 12, 2006, by and                among                the Company, as Depositor, Wells Fargo Bank, National Association,                as                Institutional Trustee and Delaware Trustee, and the Administrators                named                therein (included as Exhibit 10.3 to the Company's Form 8-K filed                with the                SEC on May 12, 2006, and incorporated herein by                reference).                                        |   |

| **Exhibit                No.** |   | **Exhibit** |                                                                                                                                                                                                                                                                                                                                                                                              | **Page** |   |
|--------------------------------|--------|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|--------|
|                           |   |        |                                                                                                                                                                                                                                                                                                                                                                                              |     |   |
|                           | 10.7   |        | Guarantee                Agreement, dated as of May 12, 2006, by and between the Company,                as                Guarantor, and Wells Fargo Bank, National Association, as Guarantee                Trustee (included as Exhibit 10.2 to the Company's Form 8-K filed                with the                SEC on May 12, 2006, and incorporated herein by                reference). |     |   |   |
|                           |   |        |                                                                                                                                                                                                                                                                                                                                                                                              |     |   |   |
|                           | 10.8   |        | Indenture,                dated as of May 12, 2006, by and between the Company and Wells Fargo                Bank,                National Association, as Trustee (included as Exhibit 10.1 to the                Company's Form 8-K filed with the SEC on May 12, 2006, and incorporated                herein by reference).                                                                  |     |   |   |
|                           |   |        |                                                                                                                                                                                                                                                                                                                                                                                              |     |   |   |
|                           | 10.9   |        | Stipulation                and Consent Agreement dated May 25, 2007 (included as Exhibit 10.9                to the                Company’s Form 10-Q filed with the SEC on August 9, 2007, and incorporated                herein by reference).                                                                                                                                          |     |   |   |
|                           |   |        |                                                                                                                                                                                                                                                                                                                                                                                              |     |   |   |
|                           | 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 |   |

**20**

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**FLORIDA            COMMUNITY BANKS, INC.**

**September            30, 2007**

**SIGNATURES**

|                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                         |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| By:  /s/                Stephen L.                Price                                                  | November                9,                2007                                              |
| Stephen                L. Price                                                                                                                                                                                                                                                                                                                                         | Date                                                                                                                                                                                                                                                                                                                         |
| President,                Chief Executive Officer                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                         |
| And                Chairman of the Board of Directors                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                         |
| /s/                Guy W.                Harris                                                                    | November                9,                2007                                              |
| Guy                W. Harris                                                                                                                                                                                                                                                                                                                                            | Date                                                                                                                                                                                                                                                                                                                         |
| Chief                Financial Officer                                                                                                                                                                                                                                                                                                                                  |                                                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                         |

**21**

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