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, 2003

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

                       Commission File Number: 000-1170902


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


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


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


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


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


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

                              Yes   X     No
                                 -------    -------


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

                              Yes         No   X
                                 -------    -------


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


Common Stock, $0.01 par              Outstanding at November 10, 2003: 3,747,979

<PAGE>

                                    Form 10-Q
                          FLORIDA COMMUNITY BANKS, INC.
                               September 30, 2003

<TABLE>
<CAPTION>


                                TABLE OF CONTENTS

                                                                                                           Page No.
Part I - Financial Information

  Item 1 - Consolidated Financial Statements (Unaudited)
<S>                        <C> <C>                                                                             <C>
           Consolidated Statements of Financial Condition as of September 30, 2003
              and December 31, 2002.......................................................................     3

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

           Consolidated Statements of Income For The Nine Months Ended
              September 30, 2003 and 2002.................................................................     5

           Consolidated Statement of Shareholders' Equity For The Nine Months
              Ended September 30, 2003....................................................................     6

           Consolidated Statements of Cash Flows For The Nine Months
              Ended September 30, 2003 and 2002...........................................................     7

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

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

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

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

Part II - Other Information

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

  Item 6 - Exhibits and Reports on Form 8-K...............................................................    22

Signatures
</TABLE>

                                       2
<PAGE>
PART I - FINANCIAL INFORMATION
Item 1 - Financial Statements


                         FLORIDA COMMUNITY BANKS, INC.
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
              September 30, 2003 (Unaudited) and December 31, 2002

<TABLE>
<CAPTION>
                                                                                  September 30,
                                                                                      2003           December 31,
                                                                                   (Unaudited)           2002
Assets

<S>                                                                             <C>               <C>
Cash and due from banks......................................................   $     10,692,726  $      13,264,464
Federal funds sold...........................................................         16,528,000         32,902,000
Interest-bearing deposits with banks.........................................          4,449,284         12,668,201
                                                                                ----------------  -----------------
       Cash and Cash Equivalents.............................................         31,670,010         58,834,665

Securities available for sale................................................          2,374,977          2,874,977
Securities held-to-maturity, fair value of $26,173,066 and $34,120,018.......         26,620,221         33,339,505

Loans, net of unearned income................................................        424,260,094        416,414,676
Allowance for loan losses....................................................         (7,680,653)        (6,319,298)
                                                                                ----------------  -----------------
       Net Loans.............................................................        416,579,441        410,095,378

Premises and equipment, net..................................................         12,647,822         10,109,252
Accrued interest.............................................................          2,778,426          2,904,150
Foreclosed real estate.......................................................          6,055,413                 --
Deferred taxes, net..........................................................          3,716,057          1,960,513
Other assets.................................................................          1,167,633          1,329,363
                                                                                ----------------  -----------------

       Total Assets..........................................................   $    503,610,000  $     521,447,803
                                                                                ================  =================

Liabilities and Shareholders' Equity

Liabilities

Deposits
   Non-interest-bearing......................................................   $     67,215,629  $      54,478,258
   Interest-bearing..........................................................        341,853,628        369,456,264
                                                                                ----------------  -----------------
       Total Deposits........................................................        409,069,257        423,934,522

Federal Home Loan Bank advances..............................................         40,000,000         50,000,000
Other long-term debt.........................................................             26,339             39,415
Guaranteed preferred beneficial interests in the Company's
   subordinated debentures...................................................         10,000,000         10,000,000
Deferred compensation........................................................            386,633            424,745
Accrued interest.............................................................          1,162,793          1,866,824
Other liabilities............................................................          2,380,130            718,497
                                                                                ----------------  -----------------
       Total Liabilities.....................................................        463,025,152        486,984,003

Shareholders' Equity
   Common stock-par value $.01 per share, 10,000,000 shares
     authorized, 3,747,979 shares issued and outstanding.....................             37,480             37,480
   Paid-in capital...........................................................         16,673,808         16,673,808
   Retained earnings.........................................................         23,873,560         17,752,512
                                                                                ----------------  -----------------
       Total Shareholders' Equity............................................         40,584,848         34,463,800
                                                                                ----------------  -----------------

Total Liabilities and Shareholders' Equity...................................   $    503,610,000  $     521,447,803
                                                                                ================  =================
</TABLE>

                 See notes to consolidated financial statements

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

<TABLE>
<CAPTION>

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

Interest Income
<S>                                                                             <C>               <C>
   Interest and fees on loans................................................   $      8,149,959  $       7,514,425
   Interest and dividends
     Taxable securities......................................................            284,050            554,528
     Tax-exempt securities...................................................                 --                979
   Interest on federal funds sold and other interest income..................             67,802             26,391
                                                                                ----------------  -----------------
       Total Interest Income.................................................          8,501,811          8,096,323
                                                                                ----------------  -----------------

Interest Expense
   Interest on deposits......................................................          1,862,040          2,500,247
   Interest on borrowed funds................................................            518,518            450,723
                                                                                ----------------  -----------------
       Total Interest Expense................................................          2,380,558          2,950,970
                                                                                ----------------  -----------------

Net Interest Income..........................................................          6,121,253          5,145,353

Provision for loan losses....................................................            700,000          1,100,000
                                                                                ----------------  -----------------

Net Interest Income After Provision for Loan Losses..........................          5,421,253          4,045,353

Noninterest Income
   Customer service fees.....................................................            508,363            501,241
   Real estate rental income ................................................             20,283             24,096
   Other non-interest income.................................................            134,113            117,955
                                                                                ----------------  -----------------
       Total Noninterest Income..............................................            662,759            643,292
                                                                                ----------------  -----------------

Noninterest Expenses
   Salaries and employee benefits............................................          1,903,948          1,492,150
   Occupancy and equipment expense...........................................            378,015            397,940
   Other non-interest expenses...............................................            652,331            408,333
                                                                                ----------------  -----------------
       Total Noninterest Expenses............................................          2,934,294          2,298,423
                                                                                ----------------  -----------------

Income before income taxes...................................................          3,149,718          2,390,222
Provision for income tax expense.............................................          1,184,675            902,005
                                                                                ----------------  -----------------

Net Income...................................................................   $      1,965,043  $       1,488,217
                                                                                ================  =================

Earnings Per Common Share
   Basic.....................................................................   $           0.52  $           0.40
   Diluted...................................................................               0.52              0.40

Weighted Average Shares Outstanding
   Basic.....................................................................          3,747,979          3,747,979
   Diluted...................................................................          3,766,829          3,761,382
</TABLE>

                 See notes to consolidated financial statements

                                       4
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                  Nine months Ended September 30, 2003 and 2002
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                           Nine Months
                                                                                        Ended September 30,
                                                                                      2003               2002
                                                                                ----------------  -----------------

Interest Income
<S>                                                                             <C>               <C>
   Interest and fees on loans................................................   $     23,950,231  $      21,032,976
   Interest and dividends
     Taxable securities......................................................          1,004,934          1,665,684
     Tax-exempt securities...................................................                 --              3,855
   Interest on federal funds sold and other interest income..................            297,717            202,864
                                                                                ----------------  -----------------
       Total Interest Income.................................................         25,252,882         22,905,379
                                                                                ----------------  -----------------

Interest Expense
   Interest on deposits......................................................          6,309,702          7,463,671
   Interest on borrowed funds................................................          1,625,728          1,209,177
                                                                                ----------------  -----------------
       Total Interest Expense................................................          7,935,430          8,672,848
                                                                                ----------------  -----------------

Net Interest Income..........................................................         17,317,452         14,232,530

Provision for loan losses....................................................          1,300,000          1,710,000
                                                                                ----------------  -----------------

Net Interest Income After Provision for Loan Losses..........................         16,017,452         12,522,530

Noninterest Income
   Customer service fees.....................................................          1,400,832          1,102,424
   Real estate rental income ................................................             63,836             66,712
   Other non-interest income.................................................            490,748            461,387
   Security gains............................................................                 --             36,083
                                                                                ----------------  -----------------
       Total Noninterest Income..............................................          1,955,416          1,666,606
                                                                                ----------------  -----------------

Noninterest Expenses
   Salaries and employee benefits............................................          5,272,619          4,201,363
   Occupancy and equipment expense...........................................          1,137,240          1,170,300
   Other non-interest expenses...............................................          1,729,084          1,292,182
                                                                                ----------------  -----------------
       Total Noninterest Expenses............................................          8,138,943          6,663,845
                                                                                ----------------  -----------------

Income before income taxes...................................................          9,833,925          7,525,292
Provision for income tax expense.............................................          3,712,877          2,824,385
                                                                                ----------------  -----------------

Net Income...................................................................   $      6,121,048  $       4,700,907
                                                                                ================  =================

Earnings Per Common Share
   Basic.....................................................................   $           1.63  $           1.25
   Diluted...................................................................               1.62              1.25

Cash Dividends Declared
   Cash dividends declared per common share..................................   $           0.00  $           0.29

Weighted Average Shares Outstanding
   Basic.....................................................................          3,747,979          3,747,979
   Diluted...................................................................          3,768,805          3,761,382
</TABLE>

                 See notes to consolidated financial statements

                                       5
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
                      Nine months Ended September 30, 2003
                                   (Unaudited)



<TABLE>
<CAPTION>

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

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

Net income - Nine months ended
   September 30, 2003.....................                --               --         6,121,048           6,121,048
                                               -------------    -------------    --------------    ----------------

Balance at September 30, 2003.............     $      31,233    $   1,680,055    $   23,873,560    $     40,584,848
                                               =============    =============    ==============    ================
</TABLE>




                 See notes to consolidated financial statements

                                       6
<PAGE>

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

<TABLE>
<CAPTION>

                                                                                           Nine Months
                                                                                        Ended September 30,
                                                                                      2003               2002
                                                                                ----------------  -----------------

Operating Activities
<S>                                                                             <C>               <C>
   Net Income................................................................   $      6,121,048  $       4,700,907
   Adjustments to reconcile net income to net cash
     provided by operating activities:
       Provision for loan losses.............................................          1,300,000          1,710,000
       Depreciation, amortization, and accretion, net........................            542,942            509,535
       Decrease (increase) in accrued interest receivable....................            125,724           (286,392)
       (Decrease) increase in accrued interest payable.......................           (704,031)           136,228
       Other, net............................................................            (33,404)           354,110
                                                                                ----------------  -----------------
       Net Cash Provided By Operating Activities.............................          7,352,279          7,124,388
                                                                                ----------------  -----------------

Investing Activities
   Net decrease (increase) in held-to-maturity securities....................          6,719,284         (7,934,370)
   Net decrease (increase) in available-for-sale securities..................            500,000           (414,502)
   Net decrease in interest-bearing time deposits at banks...................                 --          2,500,000
   Loans made to customers, net of repayments................................         (7,845,418)       (72,096,630)
   Purchase of fixed assets, net.............................................         (2,957,048)        (2,040,096)
   Net (increase) decrease in other real estate owned........................         (6,055,411)            49,788
                                                                                ----------------  -----------------
       Net Cash Used In Investing Activities.................................         (9,638,593)       (79,935,810)
                                                                                ----------------  -----------------

Financing Activities
   Net increase (decrease) in noninterest-bearing deposits...................         12,737,371         (4,420,350)
   Net (decrease) increase in interest-bearing deposits......................        (27,602,636)        60,094,337
   Dividends paid............................................................                 --         (1,093,161)
   (Decrease) in short-term borrowings.......................................                 --         (1,112,450)
   (Decrease) in other debt..................................................            (13,076)                --
   Repayment of subordinated note............................................                 --         (5,000,000)
   Net (decrease) increase in Federal Home Loan Bank advances................        (10,000,000)         7,500,000
   Issuance of subordinated floating rate deferrable interest debentures.....                 --         10,000,000
                                                                                ----------------- -----------------
       Net Cash Provided By (Used In) Financing Activities...................        (24,878,341)        65,968,376
                                                                                ----------------  -----------------

Net (Decrease) in Cash and Cash Equivalents.................................        (27,164,655)         (6,843,046)

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

Cash and Cash Equivalents at End of Period...................................   $     31,670,010  $      16,196,082
                                                                                ================  =================
</TABLE>

                 See notes to consolidated financial statements

                                       7
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                               September 30, 2003
                                  (Unaudited)


Note A - Basis of Presentation

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

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

On April 15, 2002, FCBI acquired all the outstanding stock of the Bank through a
100%,  one-for-one  stock exchange  under a method of accounting  similar to the
pooling method.  This method is allowed under Statement of Financial  Accounting
Standards No. 141, Business  Combinations  ("SFAS 141") as defined by Accounting
Principles  Board Opinion No. 16,  "Business  Combinations"  ("APB 16") when the
exchange of shares between entities under common control result only in a change
of the  reporting  entity  (see  Note F).  Certain  reported  amounts  have been
reclassified in prior periods to conform to the most recent period presented.


Note B - Critical Accounting Policies

Use of Estimates

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

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


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

Note C - Income Taxes

The  effective tax rates of  approximately  37.6% and 37.7% for the three months
ended  September 30, 2003 and 2002 and 37.8% and 37.5% for the nine months ended
September 30, 2003 and 2002,  respectively,  are more than the federal statutory
tax rate for  corporations  principally  because of the  effect of state  income
taxes, net of federal tax benefit.


Note D - Securities

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

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


Note E - Shareholders' Equity

In December 2002 and October 2003, the Company declared a stock split and issued
1.2 shares for each share outstanding of the Company's common stock. This effect
of  this  stock  split  has  been  retroactively   reflected  in  the  Company's
consolidated  financial  statements.  All references to weighted  average shares
outstanding  and  per  share  amounts  included  in the  accompanying  financial
statements and notes reflect and the stock split and its retroactive effect.


Note F - Segment Information

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


Note G - Stock-Based Compensation

The Company has long-term incentive stock option plans. The Company accounts for
those plans under the recognition and measurement  principles of APB Opinion 25,
Accounting for Stock Issued to Employees,  and related interpretations using the
intrinsic value based method, as permitted by Statement of Financial  Accounting
Standards  (SFAS)  No.  123,   Accounting  for  Stock-based   Compensation.   No
stock-based  employee  compensation  cost is  reflected  in net income for these
plans.


                                       9
<PAGE>

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


Note G - Stock-Based Compensation - Continued

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

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

The Company granted 7,200 (split adjusted) options in 2003, at an exercise price
of $16.67 per share.  These options vest 0 percent on the grant date, 40 percent
at the end of the first year and 20 percent at the end of each of the next three
years.  Other options granted include 66,240 (split adjusted) granted in 2001 at
an exercise price of $12.50 per share,  with similar terms and conditions as the
2003 options.  The compensation  expense related to the granted options has been
allocated over the vesting period for purposes of pro forma disclosures. Options
expire ten years after the date of grant.

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

                                                                                         Nine Months Ended
                                                                                           September 30,
                                                                                      2003               2002
                                                                                ----------------  -----------------
Net Income

<S>                                                                             <C>               <C>
As Reported..................................................................   $      6,121,048  $       4,700,907

Deduct: Total stock-based employee compensation expense
   determined under fair value based method for all  awards,
   net of tax................................................................             16,800             35,028
                                                                                ----------------  -----------------

Pro forma net income.........................................................   $      6,104,248  $       4,665,879
                                                                                ================  =================

Basic earnings per share:

As Reported..................................................................   $           1.63  $           1.25
                                                                                ================  ================

Pro forma....................................................................   $           1.63  $           1.24
                                                                                ================  ================

Diluted earnings per share:

As Reported..................................................................   $           1.62  $           1.25
                                                                                ================  ================

Pro forma....................................................................   $           1.62  $           1.24
                                                                                ================  ================
</TABLE>


                                       10

<PAGE>

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

Note H - Commitments and Contingencies

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

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

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

<TABLE>
<CAPTION>
                                                                                           Period Ended
                                                                                  September 30,   December 31,
                                                                                      2003               2002
                                                                                ----------------  -----------------

<S>                                                                             <C>               <C>
Commitments to extend credit.................................................   $    107,952,000  $      94,694,000

Standby and commercial letters of credit.....................................          3,993,000          5,852,000
                                                                                ----------------  -----------------

Total commitments and contingencies..........................................   $    111,945,000  $     100,546,000
                                                                                ================  =================
</TABLE>


Note I - Business Combination

On April 11, 2002 a majority of the  shareholders of the Bank approved a Plan of
Reorganization  ("Plan") whereby the Bank would become the subsidiary of Florida
Community  Banks,  Inc., a Florida  corporation  and a  registered  bank holding
company.  Under the Plan,  each share of the Bank's  common stock was  converted
into one share of Florida Community Banks, Inc. common stock. The acquisition of
the Bank  occurred on April 15, 2002.  These  financial  statements  reflect the
consolidated operations of the Bank and FCBI for all periods presented.

On June 21, 2002,  FCBI Capital  Trust I ("FCBI  Trust"),  a Delaware  statutory
trust established by the Company,  received  $10,000,000 in proceeds in exchange
for $10,000,000  principal amount of FCBI Trust's floating rate cumulative trust
preferred  securities (the "preferred  securities") in a trust preferred private
placement.  The  proceeds  of that  transaction  were then used by FCBI Trust to
purchase  an  equal  amount  of  floating  rate  subordinated   debentures  (the
"subordinated   debentures")   of  the  Company.   The  Company  has  fully  and
unconditionally guaranteed all obligations of FCBI Trust on a subordinated basis


                                       11

<PAGE>

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

Note I - Business Combination - Continued

with  respect to the  preferred  securities.  The Company  accounts for the FCBI
Trust  preferred   securities  as  a  minority  interest.   Subject  to  certain
limitations,  the  preferred  securities  qualify  as  Tier 1  capital  and  are
presented in the Consolidated  Statements of Financial  Condition as "Guaranteed
preferred  beneficial interests in the Company's  subordinated  debentures." The
sole asset of FCBI Trust is the subordinated  debentures  issued by the Company.
Both the preferred  securities of FCBI Trust and the subordinated  debentures of
the Company each have approximately 30-year lives. However, both the Company and
FCBI Trust have a call  option of five  years,  subject  to  regulatory  capital
requirements.


Note J - Subsequent Events

On October 15, 2003 the Company announced a cash dividend of $0.25 per share, to
all shareholders of record on November 3, 2003. The Company also announced a 1.2
to 1 stock split  effective  December 1, 2003 to all  shareholders  of record on
November 3, 2003.  Weighted average shares and earnings per share data have been
retroactively restated to reflect the stock split.



                                       12

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003


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

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

Forward-Looking Information

Certain  statements  contained in this Quarterly  Report on Form 10-Q, which are
not historical  facts,  are  forward-looking  in nature and relate to trends and
events that may affect the  Company's  future  financial  position and operating
results. In addition, the Company,  through its senior management,  from time to
time makes  forward-looking  public  statements  concerning its expected  future
operations  and  performance  and  other   developments.   All   forward-looking
statements are made pursuant to the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchanged Act of 1934, as
amended.  The Company intends such  forward-looking  statements to be covered by
the safe harbor  provisions  for  forward-looking  statements  contained  in the
Private  Securities  Litigation  Reform  Act  of  1995,  and is  including  this
statement for purposes of invoking these safe harbor provisions. Forward-looking
statements,  which are based on certain  assumptions  and describe future plans,
strategies and  expectations  of the Company are generally  identifiable  by the
words  "believe,  intend,  anticipate,  estimate,  project,  plan",  or  similar
expressions.  The Company's  ability to predict  results or the actual effect of
future plans or strategies is inherently uncertain and actual results may differ
from those predicted.  Factors which could have a material adverse effect on the
operations and future prospects of the Company and the subsidiaries include, but
are not  limited to changes in  interest  rates,  general  economic  conditions,
legislative/regulatory  changes,  monetary  and  fiscal  policies  of  the  U.S.
Government,  including  policies of the U.S.  Treasury  and the Federal  Reserve
Board,   the  quality  or  composition  of  the  Company's  loan  or  investment
portfolios,  demand for loan products,  deposit flows,  cost and availability of
borrowings,  competition,  demand for financial services in the Company's market
area,  real estate values in the  Company's  primary  market area,  the possible
short-term  dilutive  effect of potential  acquisitions,  and tax and  financial
accounting  principles,  policies and guidelines.  These risks and uncertainties
should be considered in evaluating forward-looking statements and undue reliance
should not be placed on such statements.


FINANCIAL CONDITION

September 30, 2003 compared to December 31, 2002

The Company  continued its operations  concentrating in the origination of loans
in southwestern  Florida.  As discussed more fully below, loan growth was funded
by an  increase  in  deposits.  No  significant  changes in  operating  goals or
policies occurred during the first nine months of 2003.

                                       13
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003

Loans

Loans comprised the largest single  category of the Company's  earning assets on
September 30, 2003.  Loans,  net of unearned income and reserve for loan losses,
totaled  84.2% of total assets at September  30, 2003 compared to 79.8% of total
assets at  December  31,  2002.  During  the first  nine  months of 2003,  loans
increased   approximately  $7.8  million  with   agricultural,   commercial  and
industrial  loans  declining $2.1 million  offset by a $9.9 million  increase in
loans  secured by real  estate.  The rapid  influx of  population  to  southwest
Florida  continued to influence the demand for real estate  loans,  particularly
construction  and development  loans,  although demand has slowed due to current
economic factors.

The company has a significant  investment  in loans to finance land  development
and  construction.  At  September  30,  2003,  the Company  had $162  million in
construction,  land development and other land loans outstanding,  compared to a
total loan portfolio of $424 million.

Investment Securities and Other Earning Assets

The investment securities portfolio is used to provide a source of liquidity, to
serve as collateral for borrowings  and to secure certain  government  deposits.
Federal  funds sold are the most liquid  earning asset and is used to manage the
daily cash position of the Company.  Investment  securities and other short-term
investments  decreased  $7.2 million during the first nine months of 2003 as the
investment  portfolio was used to fund  certificates of deposit  maturing during
that period.

Asset Quality

From  December  31, 2002 to September  30, 2003,  the  Company's  asset  quality
deteriorated due to the increase in non-performing loans. The ratio of loan loss
allowance to total nonperforming assets (defined as nonaccrual loans, loans past
due 90 days or greater,  restructured loans,  nonaccruing securities,  and other
real estate)  decreased from 0.82:1 to 0.44:1.  The percentage of  nonperforming
assets to total assets  increased  from 1.48% to 3.50%,  and the  percentage  of
nonperforming  loans to total loans increased from 1.52% to 1.81%.  These ratios
were affected by a $6.1 million  increase in foreclosed  loans,  secured by real
estate,  that were  classified as other real estate owned at September 30, 2003.
In response to this  increase in  non-performing  loans,  the allowance for loan
losses for the  Company  was  increased  by $1.4  million  during the first nine
months of 2003.

During the first nine months of 2003, recoveries on loans previously charged-off
exceeded the amount of loans charged-off by $59 thousand.

Deposits

Total deposits of $409 million at September 30, 2003,  represented a decrease of
$14.8 million  (3.5%) from total  deposits of $424 million at year-end 2002. The
majority of the decrease was  attributable to roll off of Internet  certificates
of deposit  (gathered by posting the Bank's rates on an Internet  bulletin board
accessed by various  financial  institutions  in the United States) and brokered
certificates  of  deposit.   At  September  30,  2003,   brokered  and  Internet
certificates of deposit totaled approximately $98 million.


                                       14
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003

Shareholders' Equity

Consolidated  shareholders' equity increased $6.1 million from December 31, 2002
to September 30, 2003, due to net income  retained  during the first nine months
of 2003. On September 30, 2003, the Company and the Bank exceeded the regulatory
minimums and qualified as well capitalized  under the regulations of the Federal
Reserve System, the State of Florida, and the FDIC.

Liquidity Management

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

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

The asset portion of the balance sheet provides liquidity primarily through loan
principal repayments and maturities of investment securities.  Loans that mature
in one year or less equaled  approximately  $142 million at September  30, 2003,
and there are no investment  securities  maturing  within one year. In addition,
Federal funds sold (an overnight  investment) totaled $16.5 million at September
30, 2003.

The liability  portion of the balance sheet provides  liquidity through deposits
to various customers' interest-bearing and noninterest-bearing deposit accounts.
At September 30, 2003, funds also were available through the purchase of federal
funds  from  correspondent  commercial  banks from  available  lines of up to an
aggregate of $27 million and credit  availability  at the Federal Home Loan Bank
of Atlanta (up to 15% of assets, approximately $75 million) of which $29 million
is available and unused.  At September 30, 2003, the Bank had unused  collateral
totaling  approximately  $14 million,  thus  limiting  the advances  potentially
available to that amount.

Capital Resources

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

                                       15
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003


On June 13,  2002,  the Company  entered  into a  $5,000,000,  360-day term loan
agreement with The Bankers Bank, Atlanta,  Georgia, at an interest rate of prime
less one-half (P-1/2%). The Company has pledged 51% of the outstanding shares of
Florida Community Bank, a 100% owned subsidiary of the Company, as collateral on
this note. At September 30, 2003, no portion of this loan was outstanding.

Regulatory  authorities  are placing  increased  emphasis on the  maintenance of
adequate capital.  Capital strength is measured in two tiers,  which are used in
conjunction  with  risk-adjusted  assets to  determine  the  risk-based  capital
ratios.  The  Company's  Tier I capital,  which  consists of common  equity less
goodwill and the newly issued guaranteed  preferred  beneficial  interest in the
Company's subordinated debentures,  subject to limitation, totaled $50.6 million
at September 30, 2003. Tier II capital components include  supplemental  capital
components  such as qualifying  allowance for loan losses and any portion of the
guaranteed   preferred   beneficial  interest  in  the  Company's   subordinated
debentures  which exceeds the allowable  Tier I capital  amount.  Tier I capital
plus the Tier II capital  components is referred to as Total Risk-Based  capital
and was approximately $57 million at September 30, 2003.

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


RESULTS OF OPERATIONS

Three months ended September 30, 2003 and 2002

Summary

Net income of the Company for the three months ended September 30, 2003, totaled
$1,965,043  compared to $1,488,217  for the same period in 2002,  representing a
32.0% increase.  The increase was due principally to a $976 thousand increase in
net  interest  income and a $400  thousand  decrease in the  provision  for loan
losses.  As explained more fully below,  the increase in net interest income was
due to an increased volume of loans and interest-bearing  deposits,  each offset
by a decline in rates. The decrease in the provision in loan losses, as compared
to the three months ended September 30, 2002, was in response to a review of the
non-performing loans as compared to the overall loan portfolio,  which indicated
that a lower provision in the current quarter, would keep the allowance for loan
losses adequate.

Net Interest Income

Net interest  income,  the difference  between interest earned on assets and the
cost of interest-bearing  liabilities, is the largest component of the Company's
income.  Net interest  income during the three months ended  September 30, 2003,
increased $976 thousand  (19.0%) from the same period in 2002. This increase was
due  primarily  to  the  increase  in  loan  interest  and  fee  income  with  a
significantly lower increase in interest expense.  Interest income increased due
to greater volume,  partially offset by a decline in the rate.  Interest expense
increased due to greater volume,  all of which was offset by the declines in the
rate  paid  for  deposits.   Lower  deposit  rates  available  in  the  brokered
certificate  of deposit  markets  prompted  the  Company to seek funds from that
source.

The Company was in an interest  sensitive  position  during 2003 and 2002 with a
larger  dollar  amount of  interest-earning  assets  subject to  repricing  than
interest-bearing  liabilities.  Therefore,  during 2003 and 2002 when rates were
generally  declining,  the  Company's  loan and  investment  portfolios  rapidly
repriced

                                       16
<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003

at lower rates.  During 2003,  higher rate  certificates  of deposit  re-priced,
causing the net interest margin to improve.  During periods when rates generally
increase,  the Company may benefit from increased net interest income due to its
asset  sensitive  position.  A principal  reason for the  improved  net interest
income  during  the  third  quarter  of 2003 was the  re-pricing  of the  Bank's
certificates of deposit at lower rates during most of 2003.

Provision for Loan Losses

The provision for loan losses  represents  the charge against  current  earnings
necessary  to maintain  the reserve for loan losses at a level which  management
considers appropriate. This level is determined based upon the Bank's historical
charge-offs,   management's  assessment  of  current  economic  conditions,  the
composition  of the loan  portfolio and the levels of  nonaccruing  and past due
loans.  The  provision  for loan losses was  $700,000 for the three months ended
September  30,  2003,  compared  to  $1,100,000  during the same period in 2002.
Charge-offs  totaled  approximately  $20  thousand  for the three  months  ended
September  30,  2003.  During the three  months ended  September  30, 2002,  net
charge-offs totaled approximately $10 thousand. The reserve for loan losses as a
percent of outstanding loans, net of unearned income, was 1.81% at September 30,
2003, compared to 1.52% at year-end 2002.

Noninterest Income

Noninterest  income for the three months  ended  September  30,  2003,  was $663
thousand  compared to $643  thousand for the same period of 2002, an increase of
3.0%. The increase was due in most part to an increase in customer  service fees
of $7 thousand.

Noninterest Expenses

Noninterest expenses for the three months ended September 30, 2003, totaled $2.9
million,  reflecting a 27.7%  increase from the same period of 2002. The primary
components of  noninterest  expenses are salaries and employee  benefits,  which
increased $412 thousand for the three months ended September 30, 2003,  compared
to the same period in 2002,  caused by added staff,  particularly  in the branch
system  and  mortgage  broker   activities.   Occupancy  costs  did  not  change
significantly.  Both salaries and employee  benefits costs  increased due to the
new branch offices opened during 2002 and 2003 and an added emphasis on mortgage
loan brokerage operations.

Income Taxes

The  provision  for  income  taxes of  $1,184,675  for the  three  months  ended
September 30, 2003, increased $283 thousand compared to the same period of 2002,
due to higher  taxable  income.  The effective tax rate for both periods is more
than the statutory  federal rate principally  because of state income taxes, net
of the federal tax benefit.

Nine months ended September 30, 2003 and 2002

Summary

Net  earnings  of the  Company for the nine months  ended  September  30,  2003,
totaled  $6,121,048  compared  to  $4,700,907  for  the  same  period  in  2002,
representing a 30.2% increase.  The increase was due  principally  increased net
interest income after the loan loss provision of $3.8 million,  partially offset
by a $2.5 million increase in noninterest expenses.


                                       17
<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003

Net Interest Income

Net interest  income of the Company  during the nine months ended  September 30,
2003, increased $3.1 million (21.7%) from the same period in 2002. This increase
was  due  primarily  to the  increase  in  average  loans  outstanding  and  the
re-pricing of certificates of deposit at lower rates.

The  Company  was in an asset  sensitive  position  during  2001 and 2002 with a
larger  dollar amount of  interest-earning  assets  subject to  re-pricing  than
interest-bearing  liabilities.  During the first nine  months of 2002 when rates
were generally  declining,  the Company's  interest income has been reduced at a
faster rate than the cost of liabilities. During 2003 rates remained low and the
Company's cost of deposits also re-priced at lower rates,  thus  contributing to
the improved net interest income.

Provision for Loan Losses

The provision for loan losses was $1,300,000 for the nine months ended September
30, 2003,  and  $1,710,000  for the  comparable  period in 2002.  Net recoveries
during the nine months ending September 30, 2003,  totaled $59 thousand.  During
the comparable period during 2002 net recoveries totaled $16 thousand.  As noted
previously,  the increase in the  allowance  for loan losses  during 2003 was in
response to an increase in non-performing loans and due to loan portfolio growth
since December 31, 2002.

Noninterest Income

Noninterest  income for the nine months ended September 30, 2003, was $1,955,416
compared to  $1,666,606  for the same period of 2002.  The  increase  was caused
primarily by an increase in charges for cash  services to customers and mortgage
brokerage fees.

Noninterest Expenses

Noninterest  expenses for the nine months  ended  September  30,  2003,  totaled
$8,138,943  and reflected a 22.1%  increase  from the same period of 2002.  Both
employee  costs and other  noninterest  expenses  increased  due to a new branch
offices opening in 2002 and 2003.

Income Taxes

The provision for income taxes of $3,712,877 for the nine months ended September
30, 2003,  increased  $888  thousand  compared to the same period of 2002 due to
increased  taxable income.  The effective tax rates of  approximately  37.8% for
2003 and 37.5% for 2002 were  higher than the federal tax rate due to the effect
of state income tax, net of federal tax benefit.


                                       18
<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003

Other Accounting Issues

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

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

In April 2003,  the FASB issued  Statement  of  Financial  Accounting  Standards
("SFAS") No. 149,  Amendment  of Statement  133 on  Derivative  instruments  and
Hedging Activities. The provisions of this Statement are effective for contracts
entered  into  or  modified  after  June  20,  2003  and  hedging  relationships
designated  after June 30,  2003,  and  generally  require that  contracts  with
comparable characteristics be accounted for similarly. Except for the provisions
related to FASB Statement No. 133,  Accounting for  Derivative  Instruments  and
Hedging  Activities,   all  provisions  of  this  Statement  should  be  applied
prospectively.  The  provisions  of  the  Statement  related  to  Statement  133
Implementation  Issues that have been  effective for fiscal  quarters that begin
prior to June 15, 2003,  should  continue to be applied in accordance with their
respective  effective  dates. We do not expect the adoption of the provisions of
this Statement to have a material effect on the Company's  operating  results or
financial position.

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

The foregoing may not constitute a comprehensive summary of all material changes
or  developments  affecting  the manner in which the Company keeps its books and
records or performs it's financial accounting  responsibilities.  It is intended
only as a summary of the most recent accounting pronouncements made which are of
particular interest to financial institutions.

                                       19
<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

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

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

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

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


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                                       20
<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003

<TABLE>
<CAPTION>

                                                             Estimated Fair Value of Financial Instruments
                                                   ----------------------------------------------------------------
                                                       Down              Up             Down               Up
                                                     1 Percent        1 Percent       2 Percent         2 Percent
                                                   ------------    -------------    -------------    --------------
                                                                        Dollars in Thousands
Interest-earning Assets:
<S>                                                <C>             <C>              <C>              <C>
   Loans.........................................  $    430,298    $     417,352    $     436,168    $      411,170
   Federal funds sold and cash equivalents.......        20,977           20,977           20,977            20,977
   Securities....................................        27,583           24,705           28,703            23,208
                                                   ------------    -------------    -------------    --------------
     Total Interest-earning Assets...............       478,858          463,034          485,848           455,355
                                                   ------------    -------------    -------------    --------------

Interest-bearing Liabilities
   Deposits - Savings and demand.................       143,341          138,481          145,786           136,006
   Deposits - Time...............................       203,162          198,754          205,367           196,549
   Other borrowings..............................        41,035           39,018           42,043            38,009
                                                   ------------    -------------    -------------    --------------
     Total Interest-bearing Liabilities..........       387,538          376,253          393,196           370,564
                                                   ------------    -------------    -------------    --------------

Net Difference in Fair Value.....................  $     91,320    $      86,781    $      92,652    $       84,791
                                                   ============    =============    =============    ==============

Change in Net Interest Income....................  $       (270)   $         162    $        (629)   $          313
                                                   ============    =============    =============    ==============
</TABLE>

Item 4.  Controls and Procedures

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

Changes in internal controls

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


                                       21
<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003

PART II - Other Information

  Item 1 - Legal Proceedings

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

   Item 6 - Exhibits and Reports on Form 8-K

<TABLE>
<CAPTION>

Exhibit No.                           Exhibit                                                              Page
---------- ---------------------------------------------------------------------                          ------
    <S>       <C>                                                                                           <C>
     (a)  Financial Statements, Financial Schedules and Exhibits.

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

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

     4.1  Subordinated Promissory Note, dated December 24, 2001, between Florida
          Community Bank and  Independent  Bankers Bank of Florida  (included as
          Exhibit 4.1 to the Bank's Form 10-KSB for the year ended  December 31,
          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 Guarantee   Agreement   between  Florida   Community  Banks,  Inc.  as
          guarantor, and Wilmington Trust Company as guarantee trustee, dated as
          of June 21, 2002  (included as Exhibit 10.4 to the Company's Form 10-Q
          for the  quarter  ended  June 30,  2002,  and  incorporated  herein by
          reference).

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

                                       22
<PAGE>
                         FLORIDA COMMUNITY BANKS, INC.

                               September 30, 2003

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

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

     11   Statement re: computation of earnings per common share                                            25

     31.1 Chief Executive  Officer -  Certification  pursuant to Section 302, as
          adopted of the Sarbanes-Oxley Act of 2002                                                         26

     31.2 Chief Financial  Officer -  Certification  pursuant to Section 302, as
          adopted of the Sarbanes-Oxley Act of 2002                                                         27

     32.1 Chief Executive Officer - Certification pursuant to Section 906 of the
          Sarbanes-Oxley Act of 2002                                                                        28

     32.2 Chief Financial Officer - Certification pursuant to Section 906 of the
          Sarbanes-Oxley Act of 2002                                                                        28

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

     (b)  Reports on Form 8-K

          On July 18, 2003, Florida Community Banks, Inc. filed a current report
          on Form 8-K in which  it  furnished  a press  release  announcing  its
          financial  results  for the  six-month  period  ended  June 30,  2003,
          pursuant  to  Item  12 -  Disclosure  of  Results  of  Operations  and
          Financial  Condition  in  accordance  with  Guidelines  issued  by the
          Securities and Exchange  Commission in Release 33-8216. A copy of this
          press release,  dated July 18, 2003, was attached as an exhibit to the
          current report on Form 8-K.
</TABLE>

             [The remainder of this page intentionally left blank.]


                                       23
<PAGE>

                                   SIGNATURES




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


                    FLORIDA COMMUNITY BANKS, INC.



                 By: /s/ Stephen L. Price                     November 10, 2003
                    -------------------------------------    ------------------
                    Stephen L. Price                                 Date
                    President and Chief Executive Officer




                     /s/ Thomas V. Ogletree                  November 10, 2003
                    ------------------------------------    -------------------
                    Thomas V. Ogletree                               Date
                    Chief Financial Officer


                                       24
<PAGE>

Exhibit 11 - Statements Re: Computation of Per Share Earnings


                          FLORIDA COMMUNITY BANKS, INC.

                    COMPUTATION OF EARNINGS PER COMMON SHARE



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

<TABLE>
<CAPTION>

                                                                Three Months                   Nine Months
                                                             Ended September 30,            Ended September 30,
                                                     ------------------------------   -----------------------------
                                                          2003              2002           2003             2002
                                                     -------------    -------------   ------------   --------------

Basic Earnings Per Share:
<S>                                                  <C>              <C>             <C>            <C>
   Net income....................................    $   1,965,043    $   1,488,217   $   6,121,048  $    4,700,907
                                                     =============    =============   =============  ==============

   Earnings on common shares.....................    $   1,965,043    $   1,488,217   $   6,121,048  $    4,700,907
                                                     =============    =============   =============  ==============

   Weighted average common shares
     outstanding - basic.........................        3,747,979        3,747,979       3,747,979       3,747,979
                                                     =============    =============   =============  ==============

   Basic earnings per common share...............    $        0.52    $        0.40   $        1.63  $         1.25
                                                     =============    =============   =============  ==============

Diluted Earnings Per Share:
   Net income....................................    $   1,965,043    $   1,488,217   $   6,121,048  $    4,700,907
                                                     =============    =============   =============  ==============

   Weighted average common shares
     outstanding - diluted.......................        3,766,829        3,761,382       3,768,805       3,761,382
                                                     =============    =============   =============  ==============

   Diluted earnings per common share.............    $        0.52    $        0.40   $        1.62  $         1.25
                                                     =============    =============   =============  ==============
</TABLE>

                                       25
<PAGE>

Exhibit 31.1

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

I, Stephen L. Price, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date: November 10, 2003

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


                                       26
<PAGE>

Exhibit 31.2

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

I, Thomas V. Ogletree, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date: November 10, 2003

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


                                       27
<PAGE>


EXHIBIT 32.1

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


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

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

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





Date:   November 10, 2003               By: /s/ Stephen L. Price
                                           -------------------------------------
                                           Stephen L. Price
                                           President and Chief Executive Officer


EXHIBIT 32.2

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


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

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

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





Date:   November 10, 2003               By: /s/ Thomas V. Ogletree
                                           -------------------------------------
                                           Thomas V. Ogletree
                                           Chief Financial Officer


                                       28