UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                    Form 10-Q


|X|  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the quarterly period ended March 31, 2006

                                       OR

|_|  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 a large accelerated filer, an
accelerated filer, or a non-accelerated filer.

 Large accelerated filer |_|  Accelerated filer  |X|  Non-accelerated filer  |_|

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

         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 May 2, 2006: 5,493,141


<PAGE>


                                    Form 10-Q
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006

<TABLE>
<CAPTION>


                                TABLE OF CONTENTS

                                                                                                           Page No.
Part I - Financial Information

  Item 1 - Consolidated Financial Statements (Unaudited)

           Consolidated Statements of Financial Condition as of March 31, 2006
<S>                        <C> <C>                                                                             <C>
              and December 31, 2005.......................................................................     3

           Consolidated Statements of Income for the Three Months Ended
              March 31, 2006 and 2005.....................................................................     4

           Consolidated Statement of Shareholders' Equity for the Three Months
              Ended March 31, 2006........................................................................     5

           Consolidated Statements of Cash Flows for the Three Months
              Ended March 31, 2006 and 2005...............................................................     6

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

  Item 2 - Management's Discussion and Analysis of

           Financial Condition and Results of Operations..................................................    12

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

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


Part II - Other Information


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

  Item 1A - Risk Factors..................................................................................    21

  Item 6 - Exhibits.......................................................................................    21


  Signatures
</TABLE>

                                       2
<PAGE>



PART I - FINANCIAL INFORMATION
Item 1 - Financial Statements

                          FLORIDA COMMUNITY BANKS, INC.
                 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
                March 31, 2006 (Unaudited) and December 31, 2005
<TABLE>
<CAPTION>


                                                                                    March 31,
                                                                                      2006           December 31,
                                                                                   (Unaudited)           2005
Assets
<S>                                                                             <C>               <C>
   Cash and due from banks.................................................     $     22,314,218  $      27,177,610
   Interest-bearing demand deposits with banks.............................              447,215          5,002,739
   Federal funds sold......................................................           20,541,000            188,000
                                                                                ----------------  -----------------
       Cash and Cash Equivalents...........................................           43,302,433         32,368,349

   Securities held-to-maturity, fair value of $57,874,197 in
     2006 and $59,290,254 in 2005..........................................           59,744,206         61,033,171
   Other investment securities.............................................            5,701,465          5,209,265
   Loans held-for-sale.....................................................              929,500            300,000

   Loans, net of unearned income...........................................          867,260,848        791,308,855
   Allowance for loan losses...............................................          (12,478,595)       (11,522,910)
                                                                                ----------------  -----------------
       Net Loans...........................................................          854,782,253        779,785,945

   Premises and equipment, net.............................................           13,772,655         13,776,233
   Accrued interest........................................................            4,650,041          4,941,241
   Foreclosed real estate..................................................            2,203,435          2,203,435
   Deferred taxes, net.....................................................            6,252,286          5,830,225
   Other assets............................................................            1,829,731          1,633,670
                                                                                ----------------  -----------------

       Total Assets........................................................     $    993,168,005  $     907,081,534
                                                                                ================  =================

Liabilities and Shareholders' Equity

Liabilities

   Deposits
     Noninterest-bearing...................................................     $    129,728,467  $     129,559,895
     Interest-bearing......................................................          710,077,183        607,695,861
                                                                                ----------------        -----------
       Total Deposits......................................................          839,805,650        737,255,756


   Short-term borrowings...................................................              100,000         25,088,000
   Accrued interest........................................................            2,528,085          2,399,280
   Deferred compensation...................................................              272,881            281,629
   ESOP guaranteed note payable............................................              445,585                 --
   FHLB advances...........................................................           60,000,000         60,000,000
   Subordinated debentures.................................................           10,310,000         10,310,000
   Income taxes payable....................................................            3,658,620            626,130
   Other liabilities.......................................................            1,217,933          1,044,957
                                                                                ----------------  -----------------

       Total Liabilities...................................................          918,338,754        837,005,752

Shareholders' Equity
   Common stock - par value $0.01 per share, 10,000,000 shares authorized,
     5,493,141 shares issued and 5,477,776 outstanding at March 31, 2006 and
     5,493,141 issued and outstanding at December 31, 2005.................               54,931             54,931
   Paid-in capital.........................................................           18,369,962         18,364,812
   Unearned ESOP shares....................................................             (445,585)                --
   Retained earnings.......................................................           56,849,943         51,656,039
                                                                                ----------------  -----------------

       Total Shareholders' Equity..........................................           74,829,251         70,075,782
                                                                                ----------------  -----------------

       Total Liabilities and Shareholders' Equity..........................     $    993,168,005  $     907,081,534
                                                                                ================  =================
</TABLE>

                 See notes to consolidated financial statements

                                       3
<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                   Three months Ended March 31, 2006 and 2005
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                           Three Months
                                                                                          Ended March 31,
                                                                                      2006               2005
                                                                                ----------------  -----------------

Interest Income
<S>                                                                             <C>               <C>
   Interest and fees on loans................................................   $     18,075,990  $      10,905,274
   Interest and dividends....................................................            717,581            755,214
   Interest on federal funds sold and other interest income..................            122,107             73,150
                                                                                ----------------  -----------------
     Total Interest Income...................................................         18,915,678         11,733,638
                                                                                ----------------  -----------------

Interest Expense
   Interest on deposits......................................................          6,045,790          2,391,935
   Interest on borrowed funds................................................            927,386            779,848
                                                                                ----------------  -----------------
     Total Interest Expense..................................................          6,973,176          3,171,783
                                                                                ----------------  -----------------

Net Interest Income..........................................................         11,942,502          8,561,855

Provision for loan losses....................................................            980,000                 --
                                                                                ----------------  -----------------

Net Interest Income After Provision for Loan Losses..........................         10,962,502          8,561,855

Noninterest Income
   Customer service fees.....................................................            424,921            524,486
   Other noninterest income..................................................            517,283            376,485
                                                                                ----------------  -----------------
       Total Noninterest Income..............................................            942,204            900,971
                                                                                ----------------  -----------------

Noninterest Expenses
   Salaries and employee benefits............................................          2,237,344          1,866,021
   Occupancy and equipment expense...........................................            515,346            485,692
   Other noninterest expenses................................................            709,116            533,059
                                                                                ----------------  -----------------
       Total Noninterest Expenses............................................          3,461,806          2,884,772
                                                                                ----------------  -----------------

Income before income taxes...................................................          8,442,900          6,578,054
Provision for income tax expense.............................................          3,248,996          2,535,216
                                                                                ----------------  -----------------

Net Income...................................................................   $      5,193,904  $       4,042,838
                                                                                ================  =================

Weighted average common shares outstanding - basic...........................          5,488,873          5,432,285
Weighted average common shares outstanding - diluted.........................          5,559,281          5,510,335

Basic earnings per common share..............................................   $           0.95               0.74
Diluted earnings per common share............................................               0.93               0.73

Cash dividends declared per common share.....................................               0.00               0.00
</TABLE>

                 See notes to consolidated financial statements

                                       4

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.
                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
                        Three months Ended March 31, 2006
                                   (Unaudited)


<TABLE>
<CAPTION>



                                               Common   Paid-in           Unearned        Retained
                                                Stock       Capital      ESOP shares      Earnings         Total
                                             ---------  --------------  -------------  -------------   -------------

<S>      <C> <C>                             <C>        <C>             <C>             <C>             <C>
December 31, 2005..........................  $  54,931  $   18,364,812  $          --  $  51,656,039   $  70,075,782

Compensation effect of stock options.......         --           5,150             --             --           5,150

Unearned ESOP shares.......................         --              --       (445,585)            --        (445,585)


Net income - three months ended

   March 31, 2006..........................         --              --             --      5,193,904       5,193,904
                                            ----------  --------------  -------------  -------------   -------------

Balance at March 31, 2006..................  $  54,931  $   18,369,962  $    (445,585) $  56,849,943   $  74,829,251
                                             =========  ==============  =============  =============    ============
</TABLE>

                 See notes to consolidated financial statements

                                       5



<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   Three months Ended March 31, 2006 and 2005
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                           Three Months
                                                                                          Ended March 31,
                                                                                      2006               2005
                                                                                ----------------  -----------------

Operating Activities
<S>                                                                             <C>               <C>
   Net Income................................................................   $      5,193,904  $       4,042,838
   Adjustments to reconcile net income to net cash
     provided by operating activities:

       Provision for loan losses.............................................            980,000                 --
       Depreciation, amortization, and accretion, net........................            271,562            300,586
       (Increase) decrease in accrued interest receivable....................            291,200           (385,983)
       Increase in accrued interest payable..................................            128,805             90,614
       Increase in deferred tax asset, net...................................           (422,061)          (186,051)
       Other, net............................................................          3,260,521          2,119,257
                                                                                ----------------  -----------------
       Net Cash Provided By Operating Activities.............................          9,703,931          5,981,261
                                                                                ----------------  -----------------


Investing Activities
   Purchase of other securities..............................................           (492,200)           (49,188)
   Proceeds from pay-downs of investment securities held-to-maturity.........          1,236,711          2,063,997
   Net increase in loans to customers........................................        (76,581,493)       (57,934,799)
   Purchase of premises and equipment........................................           (510,424)          (383,571)
                                                                                ----------------  -----------------
       Net Cash Used In Investing Activities.................................        (76,347,406)       (56,303,561)
                                                                                ----------------  -----------------

Financing Activities
   Net increase in demand deposits, NOW accounts
     and savings accounts....................................................         28,011,583         42,712,284
   Net increase in certificates of deposits..................................         74,538,311         25,431,407
   Repayments of short-term borrowings.......................................        (24,988,000)        (3,851,000)
   Repayments of long-term debt..............................................                 --         (5,000,000)
   Sale of common stock......................................................                 --            506,610
   Net increase in other debt................................................             10,515                 --
   Compensation associated with the issuance of options, net of tax..........              5,150             13,553
                                                                                ----------------  -----------------
       Net Cash Provided By Financing Activities.............................         77,577,559         59,812,854
                                                                                ----------------  -----------------


Net Increase in Cash and Cash Equivalents....................................         10,934,084          9,490,554

Cash and Cash Equivalents at Beginning of Period.............................         32,368,349         19,614,078
                                                                                ----------------  -----------------

Cash and Cash Equivalents at End of Period...................................   $     43,302,433  $      29,104,632
                                                                                ================  =================
</TABLE>

                 See notes to consolidated financial statements

                                       6

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2006
                                   (Unaudited)




Note A - Basis of Presentation

     Florida  Community Banks,  Inc. ("FCBI" or the "Company") is a bank holding
company, which owns all of the common stock of Florida Community Bank ("Bank" or
"FCB") and a special  purpose  business trust organized to issue Trust Preferred
Securities.  The  special  purpose  business  trust is not  consolidated  in the
financial  statements  that are  included  elsewhere  herein.  The  accompanying
unaudited  consolidated  financial  statements  have been prepared in accordance
with generally accepted accounting  principles for interim financial information
and  with the  instructions  to Form  10-Q and  Article  10 of  Regulation  S-X.
Accordingly, they do not include all of the information and disclosures required
by accounting  principles  generally  accepted in the United States for complete
financial statements. In the opinion of management,  all adjustments (consisting
of normal recurring accruals)  considered necessary for a fair presentation have
been  included.  Operating  results for the  three-month  period ended March 31,
2006, are not necessarily indicative of the results that may be expected for the
year ending December 31, 2006

     The statement of financial condition at December 31, 2005, has been derived
from the audited financial  statements at that date, but does not include all of
the  information  and disclosures  required by accounting  principles  generally
accepted in the United States for complete financial statements.

     The interim  statements  should be read in  conjunction  with the financial
statements and disclosures  thereto included in Florida Community Banks,  Inc.'s
Form 10-K for the year ended December 31, 2005.

     Some  items  in  the  March  31,  2005,  financial  information  have  been
reclassified to conform to the March 31, 2006, presentation.


Note B - Critical Accounting Policies

Use of Estimates

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


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

                                       7
<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2006
                                   (Unaudited)

Note B - Critical Accounting Policies - Continued


Recently Adopted Accounting Standards

     We adopted Statement of Financial Accounting Standards ("SFAS") No. 123(R),
Share-based  Payment,  as of  January 1, 2006,  using the  modified  prospective
approach.  The adoption of this  standard did not have a material  effect on the
financial  statements nor is it expected to have a material effect on any future
periods.


Note C - Income Taxes


     The  effective tax rate of  approximately  38.5% for the three months ended
March  31,  2006  and  2005 is more  than  the  federal  statutory  tax rate for
corporations,  this is 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 SFAS No.
115,  Accounting  for  Certain  Investments  in Debt and  Equity  Securities  as
amended. This pronouncement  requires that all investments in debt securities be
classified  as  either  "held-to-maturity"  securities,  which are  reported  at
amortized  cost;  trading  securities,  which are  reported at fair value,  with
unrealized  gains and  losses  included  in  earnings;  or  "available-for-sale"
securities,  which are reported at fair value,  with unrealized gains and losses
excluded  from  earnings and reported in a separate  component of  shareholders'
equity (net of deferred tax effect).


The carrying amounts of securities as shown in the consolidated statements of
financial condition and their approximate fair values at March 31, 2006 and
December 31, 2005 were as follows:
<TABLE>
<CAPTION>

                                                                      Gross            Gross           Estimated
                                                  Amortized        Unrealized       Unrealized           Fair
                                                    Cost              Gains           Losses             Value
                                               ---------------  ---------------   ---------------  ----------------

Securities Held-to-Maturity

March 31, 2006:
   U. S. Government and
<S>                                            <C>              <C>                <C>              <C>
     agency securities......................   $     1,997,690  $             --  $        61,090  $      1,936,600
   Mortgage-backed securities...............        57,746,516            14,836        1,823,755        55,937,597
                                               ---------------  ----------------  ---------------  ----------------

                                               $    59,744,206  $         14,836  $     1,884,845  $     57,874,197
                                               ===============  ================  ===============  ================

December 31, 2005:
   U. S. Government and
     agency securities......................   $     1,997,481  $             --  $        58,681  $      1,938,800
   Mortgage-backed securities...............        59,035,690            18,534        1,702,770        57,351,454
                                               ---------------  ----------------  ---------------  ----------------

                                               $    61,033,171  $         18,534  $     1,761,451  $     59,290,254
                                               ===============  ================  ===============  ================
</TABLE>

                                       8

<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2006
                                   (Unaudited)


Note D - Securities - Continued

     The following tables show our investments' gross unrealized losses and fair
value,  aggregated  by  investment  category and length of time that  individual
securities  have been in a continuous  unrealized  loss  position,  at March 31,
2006.

<TABLE>
<CAPTION>


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

U.S. Government and
<S>                            <C>             <C>          <C>            <C>          <C>             <C>
   agency securities.........  $          --   $        --  $   1,936,600  $    61,090  $   1,936,600   $    61,090
Mortgage-backed
   securities................      2,965,932        23,110     51,848,847    1,800,645     54,814,779     1,823,755
                               -------------   -----------  -------------  -----------  -------------   -----------
Total Temporarily
       Impaired Securities...  $   2,965,932   $    23,110  $  53,785,447  $ 1,861,735  $  56,751,379   $ 1,884,845
                               =============   ===========  =============  ===========  =============   ===========

</TABLE>

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

     The Company believes all individual securities at March 31, 2006, that were
in an unrealized  loss position or impaired for the timeframes  indicated  above
are  deemed not to be  other-than-temporary  impairments.  Substantially  all of
these  positions are backed by 1-4 family  mortgages and the unrealized  loss of
these  securities is based solely on interest rate changes and not due to credit
ratings. Management intends to hold these securities until maturity.


Note E - Shareholders' Equity


     In October 2005, the Company  declared a stock split of 1.2 shares for each
of the Company's  outstanding  shares of common stock. This effect of this stock
split  has  been  retroactively  reflected  in  the  financial  statements.  All
references to weighted average shares outstanding and per share amounts included
in the accompanying  financial  statements and notes reflect the stock split and
its  retroactive  effects.  In March  2006 the ESOP  plan  acquired  shares in a
leveraged transaction (see Note I for further explanation).


Note F - Segment Information


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

                                       9

<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2006
                                   (Unaudited)

Note G - Stock-Based Compensation

Stock-Based Compensation


     The Company has a stock-based employee  compensation plan. Prior to January
1, 2006,  the plan has been  accounted for under the provisions of SFAS No. 123,
Accounting for Stock-Based Compensation, as provided by SFAS No. 148, Accounting
for Stock-Based  Compensation - Transition and  Disclosure.  SFAS No. 148 allows
for a prospective  method of adoption of SFAS No. 123, whereas,  the Company can
prospectively account for the current expense of options granted during 2003 and
thereafter.  The compensation cost recognized for stock options granted in prior
years was calculated based on the fair value at the date of grant. In accordance
with the transition  provisions of SFAS No. 148, this  compensation  expense was
included in net income for all periods as presented. On January 1st of 2006, the
Company adopted SFAS No. 123(R),  Share-Based  Payment. The Company adopted SFAS
No. 123(R) using the modified  prospective  method for interim periods for stock
option  expense.  The  adoption  of SFAS No.  123(R) is not  expected  to have a
material effect on the Company's consolidated operating results.

     The Company has used the  Black-Scholes  option pricing model for all grant
date  estimations of fair value under SFAS No. 123 and will continue to use this
model as the Company  believes that its stock options have  characteristics  for
which the Black-Scholes  model provides an acceptable measure of fair value. The
expected  term of an option  represents  the  period  of time  that the  Company
expects the options granted to be  outstanding.  The Company bases this estimate
on a number of factors  including  vesting  period,  historical  data,  expected
volatility,  and blackout  periods.  The expected  volatility used in the option
pricing calculation is estimated considering historical volatility.  The Company
believes  that  historical  volatility  is a  good  predictor  of  the  expected
volatility.  The expected  dividend yield represents the expected  dividend rate
that will be paid out on the  underlying  shares during the expected term of the
option,  taking into  account any expected  dividend  increases.  The  Company's
options do not permit  option  holders to receive  dividends  and  therefore the
expected dividend yield was factored into the calculation. The risk-free rate is
assumed to be a short-term  treasury  rate on the date of grant,  such as a U.S.
Treasury zero-coupon issue with a term equal to the expected term of the option.

     The additional disclosure requirements of SFAS 123(R) have been omitted due
to immateriality.


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

                                       10

<PAGE>

                         FLORIDA COMMUNITY BANKS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2006
                                   (Unaudited)


Note H - Commitments and Contingencies - Continued


decreasing  amounts with terms  ranging from one to four years.  The credit risk
involved in issuing  letters of credit is essentially  the same as that involved
in extending loan facilities to customers.

     The following  represents  the Company's  commitments  to extend credit and
standby letters of credit as of March 31, 2006 and December 31, 2005:
<TABLE>
<CAPTION>

                                                                                    March 31,     December 31,
                                                                                      2006               2005
                                                                                ----------------  -----------------

<S>                                                                             <C>               <C>
Commitments to extend credit.................................................   $    238,177,000  $     208,082,000
Standby and commercial letters of credit.....................................          3,146,000          2,771,000
                                                                                ----------------  -----------------

Total commitments and contingencies..........................................   $    241,323,000  $     210,853,000
                                                                                ================  =================
</TABLE>


     Florida  Community  Bank, as part of its retail  mortgage  loan  production
activities, routinely enters into short-term commitments to originate fixed rate
loans.  Most of the loans will be sold to third party  correspondent  banks upon
closing.  For those loans,  the Company  enters into  individual  forward  sales
commitments at the same time the commitment to originate is finalized. While the
forward  sales  commitments  function  as  an  economic  hedge  and  effectively
eliminate  the  Company's  financial  risk of rate changes  during the rate lock
period,  both the  commitment to originate  mortgage loans that will be sold and
the  commitment to sell the mortgage loans are  derivatives,  the fair values of
which are essentially  equal and offsetting,  whereas the Company primarily acts
as intermediary between the borrower and the ultimate lender.


Note I - Benefit Plans

     The Company sponsors a defined  contribution  employee stock ownership plan
("ESOP") for the benefit of its employees.  The ESOP provides for contributions,
as the Board of Directors determines  annually,  made to a trust for the benefit
of participating employees which contribution shall be invested primarily in the
Company's common stock. The shares for this purpose are provided  principally by
the Company's ESOP, supplemented as needed by newly issued shares. All dividends
received by the ESOP are used to pay debt  service.  The ESOP  purchased  15,365
shares on March 15, 2006, and incurred debt of $445,585 for this  purchase.  The
ESOP shares are accounted for as collateral for its debt. As the debt is repaid,
shares are released from  collateral and allocated to employees'  accounts based
on the proportion of debt service paid in the year. The Company accounts for its
ESOP in accordance  with  Statement of Position  93-6.  Accordingly,  the shares
related  to debt are  reported  as  unearned  ESOP  shares in the  statement  of
financial  condition.  Dividends  on  allocated  ESOP  shares are  recorded as a
reduction  of  retained  earnings;  dividends  on  unallocated  ESOP  shares are
recorded as a reduction of debt and accrued interest.

Note J - Subsequent Events


     On April 20, 2006,  the Board of Directors  declared a dividend  payable on
June 1, 2006, of $0.25 per share,  to all  shareholders  of record as of May 20,
2006.

                                       11

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006



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

     This  discussion  is intended to assist an  understanding  of the Company's
financial  condition and results of operations.  This analysis should be read in
conjunction  with  the  consolidated  financial  statements  and  related  notes
appearing  in  Item 1 of the  March  31,  2006,  Form  10-Q,  and  "Management's
Discussion  and  Analysis of  Financial  Condition  and Results of  Operations,"
appearing  in the  Company's  Annual  Report  on Form  10-K for the  year  ended
December 31, 2005.

Forward-Looking Information

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


FINANCIAL CONDITION

March 31, 2006 compared to December 31, 2005

     The Bank continued its operations concentrating in the origination of loans
in southwestern and other areas of Florida. As discussed more fully below, loans
increased 9.60% during the first three months of 2006, while equity capital grew
at a slightly lower rate (6.78%).  No significant  changes in operating goals or
policies occurred during 2006.

                                       12

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006


Loans

     Loans comprised the largest single category of the Company's earning assets
on March 31, 2006. Loans, net of unearned income, totaled 87.32% of total assets
at March 31, 2006  compared  to 87.24% of total  assets at  December  31,  2005.
During  the  first  three  months of 2006,  loans  increased  approximately  $76
million,  a relatively large increase  compared to the approximately $58 million
during  the same time  period  last  year.  While the  influx of  population  to
southwest  Florida  continues  to  influence  the demand for real estate  loans,
particularly construction and development loans, the Bank's growth has enable it
to continue increasing the size of the loans that it is doing.

Investment Securities and Other Earning Assets

     The  investment  securities  portfolio  is  used to  provide  a  source  of
liquidity,  to  serve  as  collateral  for  borrowings  and  to  secure  certain
government  deposits.  Federal funds sold  increased by $20.4 million during the
first three months of 2006 and totaled $20.5 million at March 31, 2006; they are
the most liquid  earning  asset and is used to manage the daily cash position of
the Company.  Investment  securities  and other  investment  securities  did not
change significantly compared to December 31, 2005, and totaled $65.4 million at
March 31, 2006.

Asset Quality

     From December 31, 2005 to March 31, 2006, the Bank's asset quality remained
satisfactory as measured by three key ratios; however, one loan for $8.9 million
was moved into  non-accrual,  which had an impact on these ratios.  The ratio of
loan loss allowance to total nonperforming assets (defined as non-accrual loans,
loans past due 90 days or greater,  restructured loans, non-accruing securities,
and other real  estate)  deteriorated,  decreasing  from  367.3% to 108.6%.  The
percentage  of  nonperforming  assets to total assets went up,  increasing  from
0.35% to  1.16%,  and the  percentage  of  nonperforming  loans  to total  loans
increased from 0.12% to 1.07%. During the past three months, nonperforming loans
have increased significantly due to the non-accrual loan mentioned above, but at
this time we do not anticipate any losses from this loan.

During the first three months of 2006, net charge-offs totaled $24 thousand.

Deposits

     Total deposits of $839.8 million at March 31, 2006, represented an increase
of $102.5  million  (13.9%)  from total  deposits of $737.3  million at year-end
2005.  The increase was mainly  attributable  to an increase of $73.9 million in
brokered and internet  certificate  of deposits and a $27.8 million  increase in
money market  accounts.  At March 31,  2006,  brokered  certificates  of deposit
totaled  approximately  $375.4  million  and  Internet  certificates  of deposit
totaled approximately $18.4 million.

Shareholders' Equity

     Shareholders' equity increased $4.8 million from December 31, 2005 to March
31, 2006,  due to the retention of earnings.  On March 31, 2006, 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.

                                       13

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006


Liquidity Management

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

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

     The asset portion of the balance sheet provides liquidity primarily through
loan principal  repayments and maturities of investment  securities.  Loans that
mature in one year or less equaled approximately $339 million at March 31, 2006.

     The  liability  portion of the balance  sheet  provides  liquidity  through
deposits to various customers' interest-bearing and non-interest-bearing deposit
accounts,  brokered and Internet certificated of deposit. At March 31, 2006, the
Bank  had  funds   available   through  the  purchase  of  federal   funds  from
correspondent  commercial  banks up to an aggregate of $55 million,  and another
$5.9 million available from the Federal Reserve Bank; the Company had $5 million
available  through a separate  line with a  commercial  bank.  The Bank also has
available a credit  line with the Federal  Home Loan Bank "FHLB" of up to 15% of
assets  (approximately  $148.7  million) of which $88.7 million is available and
unused. At March 31, 2006, the bank had unused collateral totaling approximately
$30 million, thus limiting the advances potentially available to that amount.

Capital Resources

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

     On June 21, 2002, FCBI Capital Trust I ("FCBI Trust"), a Delaware statutory
trust established by the Company,  received  $10,000,000 in proceeds in exchange
for $10,000,000  principal amount of FCBI Trust's floating rate cumulative trust
preferred  securities (the "preferred  securities") in a trust preferred private
placement.  The  proceeds  of that  transaction  were then used by FCBI Trust to
purchase  an  equal  amount  of  floating  rate  subordinated   debentures  (the
"subordinated   debentures")   of  the  Company.   The  Company  has  fully  and
unconditionally guaranteed all obligations of FCBI Trust on a subordinated basis
with respect to the preferred  securities.  Subject to certain limitations,  the
preferred  securities  qualify  as  Tier 1  capital  and  are  presented  in the
Consolidated Statements of Financial Condition as subordinated  debentures.  The
sole asset of FCBI Trust is the subordinated  debentures  issued by the Company.
Both the

                                       14

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006


preferred  securities  of FCBI  Trust  and the  subordinated  debentures  of the
Company each have  approximately  30-year lives.  However,  both the Company and
FCBI Trust have a call  option of five  years,  subject  to  regulatory  capital
requirements.

     Regulatory authorities are placing increased emphasis on the maintenance of
adequate capital.  Capital strength is measured in two tiers,  which are used in
conjunction  with  risk-adjusted  assets to  determine  the  risk-based  capital
ratios.  The Company's  Tier I capital,  which consists of common equity and the
2002  issue  of  subordinated   debentures,   subject  to  limitation,   totaled
$84,829,000 at March 31, 2006. Tier II capital components  include  supplemental
capital components such as qualifying  allowance for loan losses and the portion
of the guaranteed  preferred  beneficial interest in the Company's  subordinated
debentures  which exceeds the allowable  Tier I capital  amount.  Tier I capital
plus the Tier II capital  components is referred to as Total Risk-Based  capital
and was $96,848,000 at March 31, 2006.

     The  Company's  current  capital  positions  exceed the  "well-capitalized"
regulatory  guidelines;  however,  due to the Bank's growth,  was just above the
minimum  and  management  is  currently  in the process of doing  another  Trust
Preferred  Security  (TPS) to  increase  the  Bank's and the  Company's  capital
position. The TPS will be for $20 million; $10 million of which will be injected
into the Bank's  capital;  the remaining $10 million will be invested  until the
original  TPS is called next year.  Management  believes  that this is a prudent
step to  take  as the  cost  of  issuing  the  TPS's  is  expected  to  increase
significantly  by next year.  Management  will of course continue to monitor the
Company's  asset mix and the loan  loss  allowance,  which  are the  areas  most
affected by the capital requirements.


RESULTS OF OPERATIONS

Three months ended March 31, 2006 and 2005

Summary

     Net  earnings  of the Company for the three  months  ended March 31,  2006,
totaled  $5,193,904  compared  to  $4,042,838  for  the  same  period  in  2005,
representing a 28.5% increase. The increase was due primarily to the loan growth
which  generated  interest  and fee income that was $7.2 million or 65.7% higher
than the last year.

Net Interest Income

     Net interest income,  the difference  between interest earned on assets and
the  cost of  interest-bearing  liabilities,  is the  largest  component  of the
Company's  net income.  Net interest  income during the three months ended March
31,  2006,  increased  $3.4 million  (39.5%) from the same period in 2005.  This
increase was due  primarily  to an increase in interest  income from loans ($7.2
million)  which was offset by an increase in  interest  expense on deposits  and
borrowings ($3.8 million). Earning assets averaged $907 million during the first
quarter of 2006  compared  to $663.1  million  in 2005,  with the  increase  due
primarily to loans,  which increased $251.5 million;  investment  securities and
fed  funds,  decreased  $7.2  million.  Average   interest-bearing   liabilities
increased from $521.1 million during the first quarter of 2005 to $739.6 million
during the same period in 2006. Interest bearing accounts (money market, savings
and NOW accounts)  averaged  $49.3 million  higher in 2006 compared to the first
quarter of 2005 reflecting an increase of 28.8%; average certificates of deposit
(primarily broker) also increased (up $173.6 million)  reflecting an increase of
65.1%.

                                       15

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006


     The Bank  continues to be in an interest  sensitive  position with a larger
dollar  amount  of   interest-earning   assets   subject  to   re-pricing   than
interest-bearing  liabilities.  During 2002 when rates were generally declining,
the Bank's loan and investment  portfolios  rapidly re-priced at lower rates. To
counter act this trend  management  began making loans with interest rate floors
(the lowest rate that the loan will adjust to in a declining rate  environment).
While this helped to stabilize and improve the net interest  margin between 2003
and 2004, it slowed the upward rate movement of the variable rate loans (largest
portion of the  Bank's  portfolio)  during  the time when rates  started to rise
again  (beginning  in June  2004)  and it was not  until  the end of the  second
quarter of 2005 that all the loans had adjusted above their floor rates and were
free to adjust  upwards.  The yield on our earning  assets  increased  146 basis
points  from  6.97% at March  31,  2005 to 8.43%  at March  31,  2006,  a 20.95%
increase.  However,  as  short-term  rates  continued to increase over this time
period the cost of interest  bearing  liabilities  also increased,  up 137 basis
points to 3.76%, or 57.32%;  this resulted in our net interest margin increasing
from 5.29% to 5.40%, or up 2.08%

Provision for Loan Losses

     The  provision  for loan  losses  represents  the  charge  against  current
earnings  necessary  to  maintain  the  reserve for loan losses at a level which
management considers appropriate. This level is determined based upon the Bank's
historical charge-offs,  management's assessment of current economic conditions,
the  composition of the loan portfolio and the levels of  non-accruing  and past
due loans.  The  provision  for loan losses was  $980,000 and $-0- for the three
months  ended March 31, 2006 and 2005,  respectively.  The increase in provision
was as a result of the increase in  non-accrual  loans and other loans that have
been down graded.  Management  believes  that they can work through  these loans
without any losses to the Bank. Charge-offs exceeded recoveries by approximately
$24  thousand  for the three  months  ended  March 31,  2006,  while  recoveries
exceeded  charge-offs by  approximately  $23 thousand for the three months ended
March 31, 2005. The reserve for loan losses as a percent of  outstanding  loans,
net of  unearned  income,  was 1.44% at March  31,  2006,  compared  to 1.46% at
year-end 2005.

Noninterest Income

     Noninterest  income for the three months ended March 31, 2006, was $942,205
compared to  $900,971  for the same  period of 2005,  an  increase of 4.6%.  The
increase  was  primarily  due to an  increase  in  service  charges  on  deposit
accounts.

Noninterest Expenses

     Noninterest  expenses for the three  months  ended March 31, 2006,  totaled
$3,461,806  reflecting a 20% increase from the same period of 2005.  The primary
components of non-interest  expenses are salaries and employee  benefits,  which
actually  increased by $371  thousand for the three months ended March 31, 2006,
compared to the same period in 2005;  the  increase  in all other  expenses  was
approximately $206 thousand.

Income Taxes

     The  provision  for income taxes of  $3,248,996  for the three months ended
March 31, 2006, increased $714 thousand compared to the same period of 2005, due
to the increase in pre-tax  income.  The  effective tax rate for both periods is
more than the statutory federal rate principally  because of state income taxes,
net of the federal tax benefit.

                                       16

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006


Other Accounting Issues

     In March 2004, the Emerging Issues Task Force ("EITF")  reached a consensus
on the  remaining  portions of EITF 03-01,  The Meaning of  Other-Than-Temporary
Impairment and It's Application to Certain Investments,  effective for the first
fiscal year or interim period beginning after June 15, 2004. EITF 03-01 provides
guidance for  determining  when an investment is  considered  impaired,  whether
impairment is  other-than-temporary,  and measurement of an impairment  loss. An
investment  is considered  impaired if the fair value of the  investment is less
than its cost.  Generally,  an  impairment  is  considered  other-than-temporary
unless:  (1) the investor has the ability and intent to hold an investment for a
reasonable  period of time sufficient for an anticipated  recovery of fair value
up to (or beyond) the cost of the investment,  and (2) evidence  indicating that
the cost of the  investment is  recoverable  within a reasonable  period of time
outweighs  evidence  to  the  contrary.   If  impairment  is  determined  to  be
other-than-temporary,  then an impairment loss should be recognized equal to the
difference between the investment's cost and its fair value.  Certain disclosure
requirements of EITF 03-01 were adopted in 2003 and the Company began presenting
the new disclosure requirements in its consolidated financial statements for the
year ended December 31, 2003. The recognition  and  measurement  provisions were
initially effective for other-than-temporary impairment evaluations in reporting
periods  beginning  after June 15, 2004. In June 2005, the Financial  Accounting
Standards  Board  ("FASB")  decided  not to provide  additional  guidance on the
meaning of  other-than-temporary  impairment,  but  directed  the staff to issue
proposed  FSP  EITF  03-1-a,  Implementation  Guidance  for the  Application  of
Paragraph  16 of EITF Issue No. 03-1 as final.  However,  in November  2005 FASB
issued  FASB  Staff  Position   (retitled  FSP  115-1/124-1),   The  Meaning  of
Other-Than-Temporary Impairment and its Application to Certain Investments. This
FSP  provides  additional  guidance  on when an  investment  in a debt or equity
security  should  be  considered  impaired  and when that  impairment  should be
considered   other-than-temporary   and   recognized  as  a  loss  in  earnings.
Specifically,  the  guidance  clarifies  that an investor  should  recognize  an
impairment    loss   no   later   than   when   the    impairment    is   deemed
other-than-temporary, even if a decision to sell has not been made. The FSP also
requires  certain  disclosures  about  unrealized  losses  that  have  not  been
recognized as other-than-temporary impairments. The Company applied the guidance
in  this  FSP in 2005  and  there  was no  material  affect  to the  results  of
operations or the statement of financial position.

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


     In May 2005,  the FASB issued SFAS No.  154,  Accounting  Changes and Error
Corrections, which replaces APB Opinion No. 20, Accounting Changes, and SFAS No.
3, Reporting Accounting Changes in Interim Financial Statements--An Amendment of
APB Opinion No. 28. SFAS No. 154 changes the requirements for the accounting and
reporting  of a change in  accounting  principle.  It applies  to all  voluntary
changes in accounting  principle as well as to changes required by an accounting
pronouncement that does not include specific transition provisions. SFAS No. 154
eliminates  the  requirement  in APB Opinion  No. 20 to include  the  cumulative
effect of changes in accounting  principle in the income statement in the period
of change.  Instead,  to enhance the  comparability  of prior  period  financial
statements,  SFAS

                                       17

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006


No.  154  requires  that  changes in  accounting  principle  be  retrospectively
applied.  Under  retrospective  application,  the new  accounting  principle  is
applied as of the beginning of the first period  presented as if that  principle
had always been used.  The  cumulative  effect of the change is reflected in the
carrying value of assets and  liabilities  as of the first period  presented and
the  offsetting  adjustments  are recorded to opening  retained  earnings.  Each
period presented is adjusted to reflect the period-specific  effects of applying
the  change.  SFAS No.  154 also  redefines  "restatement"  as the  revising  of
previously  issued  financial  statements to reflect the correction of an error.
Only  direct  effects  of the  change  will  be  included  in the  retrospective
application; all indirect effects will be recognized in the period of change. If
it is  impracticable  to determine the cumulative  effect for all prior periods,
the  new  accounting   principle  should  be  applied  as  if  it  were  adopted
prospectively  from the earliest date  practicable.  The Company does not expect
the  adoption of this  statement to have a material  effect on the  consolidated
financial statements.


     In February  2006,  the FASB issued SFAS No. 155  entitled  Accounting  for
Certain Hybrid Financial Instruments. SFAS No. 155 amends SFAS No. 133, entitled
Accounting for Derivative Instruments and Hedging Activities,  and SFAS No. 140,
entitled  Accounting  for  Transfers  and  Servicing  of  Financial  Assets  and
Extinguishments of Liabilities.  This statement permits fair value remeasurement
of certain hybrid  financial  instruments  containing  embedded  derivatives and
requires evaluation of securitized  financial assets for purposes of identifying
items of a derivative nature. The statement includes further clarification as to
the derivative classification of selected financial instruments.  The provisions
of SFAS No. 155 are effective for all financial  instruments  acquired or issued
after the  beginning of the first fiscal year that begins  after  September  15,
2006.  The fair value  "election"  within the  literature  may be utilized  upon
adoption  of the  guidance  related  to hybrid  financial  instruments.  Earlier
adoption is  permitted  as of the  beginning  of a fiscal  year,  provided  that
reporting  entities have not yet issued  financial  statements.  The  provisions
within SFAS No. 155 may be applied to instruments "held" at the date of adoption
on an  instrument-by-instrument  basis. At adoption,  any difference between the
total  carrying  amount of the  individual  components  of the  existing  hybrid
financial  instrument  and the  fair  value  of the  combined  hybrid  financial
instrument should be recognized as a  cumulative-effect  adjustment to beginning
retained earnings. Reporting entities should separately disclose the gross gains
and  losses  that make up the  cumulative-effect  adjustment,  determined  on an
instrument-by-instrument  basis.  Prior  periods  should  not be  restated.  The
Company does not expect the adoption of this statement to have a material effect
on the consolidated financial statements.

     In March 2006,  the FASB issued FASB No. 156,  Accounting  for Servicing of
Financial  Assets,  ("FAS  156")  which  amends  FASB No.  140,  Accounting  for
Transfers and Servicing of Financial Assets and  Extinguishments of Liabilities.
This  statement   addresses  the   recognition  and  measurement  of  separately
recognized servicing assets and liabilities,  such as those common with mortgage
securitization  activities,  and  provides an  approach  to simplify  efforts to
obtain  hedge-like  accounting.  It also clarifies when an obligation to service
financial  assets  should  be  separately  recognized  as a  servicing  asset or
servicing  liability and requires  that those  separately  recognized  assets or
liabilities be initially  measured at fair value, if  practicable.  FASB No. 156
permits  an entity to choose  either the  amortization  method or the fair value
method  for  subsequent  measurement  and also  permits  a  servicer  that  uses
derivative financial instruments to offset risks on servicing to report both the
derivative  financial  instrument  and related  servicing  asset or liability by
using a consistent  measurement  attribute - fair value. This statement shall be
effective  for  all  separately  recognized  servicing  assets  and  liabilities
acquired  or  issued  after the  beginning  of an  entity's  first  fiscal  year
beginning after September 15, 2006,  with early adoption  permitted.  Management
believes  this  Statement  will  not have a  material  effect  on the  Company's
consolidated financial statements.

                                       18

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006


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.




              [The remainder of this page intentionally left blank]

                                       19

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006


     As of March 31, 2006, the Company's  simulation analysis indicated that the
Company is at greatest risk in a sudden  decreasing  interest rate  environment.
This analysis  assumes that rates will change  suddenly on a specific  date. The
Company   believes  that  an  increase  in  interest   rates  is  still  likely,
particularly  over the next few  months and then will  probably  level off for a
period of time;  any  decreases in rates,  if they occur,  will  probably not be
drastic. Therefore, the Company expects its net interest margin to remain fairly
stable  over the  foreseeable  future.  This table  depicts  the  results of the
simulation assuming one and two percent decrease and increase in market interest
rates.
<TABLE>
<CAPTION>

                                                             Estimated Fair Value of Financial Instruments
                                                   ----------------------------------------------------------------
                                                       Down              Up             Down               Up
                                                     1 Percent        1 Percent       2 Percent         2 Percent
                                                   ------------    -------------    -------------    --------------
                                                                        Dollars in Thousands
Interest-earning Assets:
<S>                                                <C>             <C>              <C>              <C>
   Loans.........................................  $    869,842    $     865,130    $     872,096    $      862,638
   Federal funds sold and cash equivalents.......        20,991           20,985           20,993            20,983
   Securities....................................        59,046           56,444           60,077            54,830
                                                   ------------    -------------    -------------    --------------
     Total Interest-earning Assets...............       949,879          942,559          953,166           938,451
                                                   ------------    -------------    -------------    --------------

Interest-bearing Liabilities

   Deposits - Savings and demand.................       234,383          231,023          236,064           229,343
   Deposits - Time...............................       480,905          473,841          484,436           470,310
   Other borrowings..............................        72,607           68,133           74,844            65,896
                                                   ------------    -------------    -------------    --------------
     Total Interest-bearing Liabilities..........       787,895          772,997          795,344           765,549
                                                   ------------    -------------    -------------    --------------

Net Difference in Fair Value.....................  $    161,984    $     169,562    $     157,822    $      172,902
                                                   ============    =============    =============    ==============


Change in Net Interest Income....................  $     (2,771)   $       2,610    $      (5,570)   $        5,184
                                                   ============    =============    =============    ==============
</TABLE>


Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

     The Company has evaluated the effectiveness of its disclosure  controls and
procedures  pursuant to Rule 13a-15(e) under the Securities Exchange Act of 1934
(the "Exchange Act"), the Company's chief executive  officer and chief financial
officer  have  concluded  that  as of the  end of the  period  covered  by  this
Quarterly  Report of Form 10-Q  such  disclosure  controls  and  procedures  are
effective to ensure that information required to be disclosed by the Corporation
in  reports  that it  files or  submits  under  the  Exchange  Act is  recorded,
processed,  summarized  and  reported  within  the  time  periods  specified  in
Securities and Exchange Commission rules and forms.

Changes in Internal Controls

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

                                       20

<PAGE>


                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006


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 1A - Risk Factors

There are no material changes from risk factors as previously disclosed.

Item 6 - Exhibits

<TABLE>
<CAPTION>

The following Exhibits are filed with this report:

Exhibit No.                                               Exhibit                                          Page

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

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

     4.1  Subordinated  Promissory Note dated December 24, 2001, between Florida
          Community Bank and  Independent  Bankers Bank of Florida  (included as
          Exhibit 4.1 to the Bank's Form 10-KSB for the year ended  December 31,
          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 Employment  agreement  with  Thomas S. Junker  dated  December 9, 1997
          (included as Exhibit 10.1 to the Bank's Registration Statement on Form
          10-SB-A for the year ended December 31, 1998, and incorporated  herein
          by reference).

     10.2 2002 Key  Employee  Stock  Compensation  Program of FCBI  (included as
          Appendix D to the Bank's Definitive  Schedule 14-A filed with the FDIC
          on March 22, 2002, and incorporated herein by reference).
</TABLE>

                                       21

<PAGE>

                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2006

<TABLE>
<CAPTION>

Exhibit No.                                               Exhibit                                          Page

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

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

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

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

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


     11   Statement re: computation of earnings per common share                                            24


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


     31.1 Chief Executive Officer - Certification of principal executive officer
          pursuant to the Exchange Act Rule 13(a)-14(a) or 15(d)-14(a).                                     25

     31.2 Chief Financial Officer - Certification of principal financial officer
          pursuant to the Exchange Act Rule 13(a)-14(a) or 15(d)-14(a).                                     26

     32.1 Chief Executive Officer - Certification  pursuant to 18 U.S.C. Section
          1350, as adopted pursuant to Section 906 of the  Sarbanes-Oxley Act of
          2002.                                                                                             27

     32.2 Chief Financial Officer - Certification  pursuant to 18 U.S.C. Section
          1350, as adopted pursuant to Section 906 of the  Sarbanes-Oxley Act of
          2002.                                                                                             27
</TABLE>





             [The remainder of this page intentionally left blank.]

                                       22

<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.
<TABLE>
<CAPTION>




<S>                                                                                       <C> <C>
                           By:  /s/ Stephen L. Price                                  May 9, 2006
                                ---------------------------------------------     ---------------------------------
                                Stephen L. Price                                  Date
                                President, Chief Executive Officer
                                And Chairman of the Board of Directors



                                /s/ Guy W. Harris                                       May 9, 2006
                                ---------------------------------------------     ---------------------------------
                                Guy W. Harris                                     Date
                                Chief Financial Officer
</TABLE>


                                       23

<PAGE>


Exhibit 11 - Statements Re: Computation of Per Share Earnings


                          FLORIDA COMMUNITY BANKS, INC.

                    COMPUTATION OF EARNINGS PER COMMON SHARE



The following tabulation presents the calculation of basic and diluted earnings
per common share for the three-month periods ended March 31, 2006 and 2005.
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
                                                                                            Ended March 31
                                                                                        2006              2005
                                                                                    -------------    --------------
Basic Earnings Per Share:
<S>                                                                                 <C>              <C>
   Net income...................................................................    $   5,193,904    $    4,042,838
                                                                                    =============    ==============

   Earnings on common shares....................................................    $   5,193,904    $    4,042,838
                                                                                    =============    ==============

   Weighted average common shares
     outstanding - basic........................................................        5,488,873         5,432,285
                                                                                    =============    ==============

   Basic earnings per common share..............................................    $        0.95    $         0.74
                                                                                    =============    ==============

Diluted Earnings Per Share:
   Net income...................................................................    $   5,193,904    $    4,042,838
                                                                                    =============    ==============

   Earnings on common shares....................................................    $   5,193,904    $    4,042,838
                                                                                    =============    ==============


   Weighted average common shares
     outstanding - diluted......................................................        5,559,281         5,510,335
                                                                                    =============    ==============

   Diluted earnings per common share............................................    $        0.93    $         0.73
                                                                                    =============    ==============

</TABLE>

                                       24

<PAGE>




Exhibit 31.1

                    CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Stephen L. Price, certify that:

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

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

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

     4.   The registrant's  other  certifying  officer and I are responsible for
          establishing  and maintaining  disclosure  controls and procedures (as
          defined in Exchange Act Rules  13a-15(e) and  15d-15(e))  and internal
          control  over  financial  reporting  (as defined in Exchange Act Rules
          13a-15(f) and 15d-15(f)) for the registrant and have:

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

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

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

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

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

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




Date: May 9, 2006                    By:  /s/ Stephen L. Price
      -------------------------           --------------------------------------

                                         Stephen L. Price, President, Chief
                                         Executive Officer and Chairman of the
                                         Board of Directors

                                       25

<PAGE>




Exhibit 31.2

                    CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Guy W. Harris, certify that:

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

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

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

     4.   The registrant's  other  certifying  officer and I are responsible for
          establishing  and maintaining  disclosure  controls and procedures (as
          defined in Exchange Act Rules  13a-15(e) and  15d-15(e))  and internal
          control  over  financial  reporting  (as defined in Exchange Act Rules
          13a-15(f) and 15d-15(f)) for the registrant and have:

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

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

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

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

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

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




Date: May 9, 2006                    By:  /s/ Guy W. Harris
      -------------------------          ---------------------------------------
                                         Guy W. Harris
                                         Chief Financial Officer

                                       26

<PAGE>




EXHIBIT 32.1

                CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
                    AS ADOPTED PURSUANT TO SECTION 906 OF THE
                           SARBANES-OXLEY ACT OF 2002


In connection with Florida Community Banks, Inc.'s ("Company")  Quarterly Report
on Form  10-Q for the  period  ended  March  31,  2006  ("Report"),  each of the
undersigned certify that:

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

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




Date:  May 9, 2006                   By:  /s/ Stephen L. Price
       -------------                      -------------------------------------
                                          Stephen L. Price
                                          President, Chief Executive Officer
                                          and Chairman of the Board of Directors




EXHIBIT 32.2

                CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
                    AS ADOPTED PURSUANT TO SECTION 906 OF THE
                           SARBANES-OXLEY ACT OF 2002


In connection with Florida Community Banks, Inc.'s ("Company") Quarterly Report
on Form 10-Q for the period ended March 31, 2006 ("Report"), each of the
undersigned certify that:

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

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






Date:  May 9, 2006                   By:   /s/ Guy W. Harris
      --------------                       -------------------------------------
                                           Guy W. Harris
                                           Chief Financial Officer

                                       27