##### Table of Contents



U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549
 FORM 10-QSB þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT
OF 1934
 For the quarterly period ended March 31, 2005 o
    
    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: 333-86082 SOUTHERN COMMUNITY BANCSHARES, INC. 
  Georgia
    
    58 - 2639705(State or other jurisdiction of
    
    (I.R.S. Employerincorporation or organization)
    

Identification Number)
 525 North Jeff Davis Drive, Fayetteville, Georgia 30214 
  (770) 461-4365 
  N/A 
  Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the
Exchange Act during the past 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 þ No o State the number of shares outstanding of each of the issuers classes of capital stock, as of May
9, 2005: 2,585,688; no par value Transitional Small Business Disclosure Format      Yes o No þ




---



##### Table of Contents



SOUTHERN COMMUNITY BANCSHARES, INC. AND SUBSIDIARY INDEX PagePart I. Financial InformationItem 1. Financial StatementsConsolidated Balance Sheet
as of March 31, 2005
    
    
    3Consolidated Statements of Income
for the Three Months ended March 31, 2005 and 2004
    
    
    4Consolidated Statements of Comprehensive Income (Loss)
for the Three Months Ended March 31, 2005 and 2004
    
    
    5Consolidated Statements of Cash Flows
for the Three Months Ended March 31, 2005 and 2004
    
    
    6Notes to Consolidated Financial Statements
    
    
    7 - 8Item 2. Managements Discussion and Analysis of
Financial Condition and Results of Operations
    
    
    9-13Item 3. Controls and Procedures
    
    
    14Part II. Other InformationItem 6. Exhibits
    
    
    14Signatures
    
    
    15Certifications
    
    
    16-21EX-31.1 SECTION 302, CERTIFICATION OF THE CEOEX-31.2 SECTION 302, CERTIFICATION OF THE CFOEX-32.1 SECTION 906, CERTIFICATION OF THE CEOEX-32.2 SECTION 906, CERTIFICATION OF THE CFO
 2




---



##### Table of Contents



PART I. Financial Information 
 ITEM 1. Financial Statements
SOUTHERN COMMUNITY BANCSHARES, INC.
AND SUBSIDIARY 
 CONSOLIDATED BALANCE SHEET
March 31, 2005
(Unaudited) AssetsCash and due from banks
    
    $
    5,437,458Interest bearing deposits in banks
    
    
    651,016Federal funds sold
    
    
    2,804,000Securities available-for-sale
    
    
    48,959,800Restricted equity securities
    
    
    1,666,700Loans
    
    
    204,566,600Less allowance for loan losses
    
    
    2,134,485Loans, net
    
    
    202,432,115Premises and equipment
    
    
    8,271,776Other assets
    
    
    3,129,768Total assets
    
    $
    273,352,633Liabilities and Shareholders EquityDepositsNoninterest-bearing
    
    $
    22,883,036Interest-bearing
    
    
    194,041,303Total deposits
    
    
    216,924,339Federal Home Loan Bank advances
    
    
    25,000,000Securities sold under repurchase agreements
    
    
    4,678,096Other liabilities
    
    
    832,470Subordinated debentures
    
    
    5,774,000Total liabilities
    
    
    253,208,905Shareholders equityCapital stock, no par value; 10,000,000 shares authorized;
2,585,688 shares issued and outstanding
    
    
    16,066,013Retained earnings
    
    
    4,742,748Accumulated other comprehensive loss
    
    
    (665,033
    )Total shareholders equity
    
    
    20,143,728Total liabilities and shareholders equity
    
    $
    273,352,633
 See Notes to Consolidated Financial Statements. 3




---



##### Table of Contents



SOUTHERN COMMUNITY BANCSHARES, INC.
AND SUBSIDIARY 
 CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended March 31, 2005 and 2004
(Unaudited) Three Months EndedMarch 31,2005
    
    
    2004Interest incomeLoans, including fees
    
    $
    3,374,187
    
    
    $
    2,416,593Taxable securities
    
    
    423,412
    
    
    
    496,327Nontaxable securities
    
    
    106,570
    
    
    
    91,085Interest on deposits in banks
    
    
    46,503
    
    
    
    Federal funds sold
    
    
    10,158
    
    
    
    13,056Total interest income
    
    
    3,960,830
    
    
    
    3,017,061Interest expenseDeposits
    
    
    1,217,041
    
    
    
    831,795Other borrowings
    
    
    263,991
    
    
    
    146,401Total interest expense
    
    
    1,481,032
    
    
    
    978,196Net interest income
    
    
    2,479,798
    
    
    
    2,038,865Provision for loan losses
    
    
    305,000
    
    
    
    153,121Net interest income after provision for loan losses
    
    
    2,174,798
    
    
    
    1,885,744Other incomeService charges on deposit accounts
    
    
    128,983
    
    
    
    95,444Gain on sale of securities available-for-sale
    
    
    3,300
    
    
    
    49,185Other operating income
    
    
    22,634
    
    
    
    14,326Total other income
    
    
    154,917
    
    
    
    158,955Other expensesSalaries and employee benefits
    
    
    1,047,632
    
    
    
    686,708Equipment and occupancy expenses
    
    
    270,782
    
    
    
    153,919Other operating expenses
    
    
    596,949
    
    
    
    319,547Total other expenses
    
    
    1,915,363
    
    
    
    1,160,174Net income before income taxes
    
    
    414,352
    
    
    
    884,525Income tax expense
    
    
    125,538
    
    
    
    301,517Net income
    
    $
    288,814
    
    
    $
    583,008Basic earnings per share
    
    $
    0.11
    
    
    $
    0.23Diluted earnings per share
    
    $
    0.11
    
    
    $
    0.22Dividends declared per share
    
    $
    
    
    
    $
    
 See Notes to Consolidated Financial Statements. 4




---



##### Table of Contents



SOUTHERN COMMUNITY BANCSHARES, INC.
AND SUBSIDIARY 
 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Three Months Ended March 31, 2005 and 2004
(Unaudited) Three Months EndedMarch 31,2005
    
    
    2004Net income
    
    $
    288,814
    
    
    $
    583,008Other comprehensive income (loss):Unrealized gains (losses) on securities available-for-sale
arising during period, net of tax
    
    
    (410,537
    )
    
    
    682,269Reclassification adjustment for gains realized in net income,
net of tax
    
    
    (2,046
    )
    
    
    (30,495
    )Other comprehensive income (loss)
    
    
    (412,583
    )
    
    
    651,774Comprehensive income (loss)
    
    $
    (123,769
    )
    
    $
    1,234,782
 See Notes to Consolidated Financial Statements. 5




---



##### Table of Contents



SOUTHERN COMMUNITY BANCSHARES, INC.
AND SUBSIDIARY 
 CONSOLIDATED STATEMENTS OF CASH FLOWS
Three Months Ended March 31, 2005 and 2004
(Unaudited) 2005
    
    
    2004OPERATING ACTIVITIESNet income
    
    $
    288,814
    
    
    $
    583,008Adjustments to reconcile net income to net cash
provided by operating activities:Depreciation
    
    
    132,366
    
    
    
    79,235Provision for loan losses
    
    
    305,000
    
    
    
    153,121Gain on sale of securities available-for-sale
    
    
    (3,300
    )
    
    
    (49,185
    )Increase in interest receivable
    
    
    (332,511
    )
    
    
    (232,546
    )Increase in interest payable
    
    
    63,939
    
    
    
    45,645Net other operating activities
    
    
    125,974
    
    
    
    134,180Net cash provided by operating activities
    
    
    580,282
    
    
    
    713,458INVESTING ACTIVITIESDecrease in interest-bearing deposits in banks
    
    
    1,387,215
    
    
    
    Purchase of securities available-for-sale
    
    
    (906,218
    )
    
    
    (245,000
    )Proceeds from maturities of securities available-for-sale
    
    
    1,899,945
    
    
    
    2,267,547Proceeds from sales of securities available-for-sale
    
    
    
    
    
    
    5,192,337Purchase of restricted equity securities
    
    
    (195,400
    )
    
    
    (450,000
    )Net decrease (increase) in federal funds sold
    
    
    15,574,000
    
    
    
    (9,130,000
    )Net increase in loans
    
    
    (18,016,445
    )
    
    
    (15,491,117
    )Purchase of premises and equipment
    
    
    (627,093
    )
    
    
    (175,352
    )Net cash used in investing activities
    
    
    (883,996
    )
    
    
    (18,031,585
    )FINANCING ACTIVITIESNet increase in deposits
    
    
    1,160,104
    
    
    
    7,172,511Proceeds from issuance of capital stock
    
    
    11,217
    
    
    
    Net increase in Federal Home Loan Bank advances
    
    
    1,000,000
    
    
    
    9,000,000Net increase (decrease) in repurchase agreements
    
    
    (74,818
    )
    
    
    726,036Net cash provided by financing activities
    
    
    2,096,503
    
    
    
    16,898,547Net increase (decrease) in cash and due from banks
    
    
    1,792,789
    
    
    
    (419,580
    )Cash and due from banks at beginning of year
    
    
    3,644,669
    
    
    
    3,806,961Cash and due from banks at end of period
    
    $
    5,437,458
    
    
    $
    3,387,381
 See Notes to Consolidated Financial Statements. 6




---



##### Table of Contents



SOUTHERN COMMUNITY BANCSHARES, INC. AND SUBSIDIARY 
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited) NOTE 1. BASIS OF PRESENTATION  The consolidated financial information included for Southern
Community Bancshares, Inc. (the Company) and Southern Community
Bank (the Bank) herein is unaudited; however, such information
reflects all adjustments (consisting solely of normal recurring
adjustments) which are, in the opinion of management, necessary
for a fair statement of results for the interim periods.The results of operations for the three months ended March 31,
2005 are not necessarily indicative of the results to be expected
for the full year. NOTE 2. STOCK COMPENSATION PLANS  At March 31, 2005, the Company has two stock-based employee compensation plans. The
Company accounts for those plans under the recognition and measurement principles of
APB Opinion No. 25, Accounting for Stock Issued to Employees,and related
Interpretations. No stock-based employee compensation cost is reflected in net
income, as all options granted under these plans have an exercise price equal to the
market value of the underlying stock on the date of grant. The following table
illustrates the effect on net income and earnings per share if the Company had
applied the fair value recognition provisions of SFAS Statement No. 123, Accounting
for Stock-Based Compensation, to stock-based employee compensation. Three Months EndedMarch 31,2005
    
    
    2004Net income, as reported
    
    $
    288,814
    
    
    $
    583,008Deduct: Total stock-based employee
compensation expense determined under
fair value based method for all awards,
net of related tax effects
    
    
    
    
    
    
    Pro forma net income
    
    $
    288,814
    
    
    $
    583,008Earnings per share:Basic  as reported
    
    $
    0.11
    
    
    $
    0.23Basic  pro forma
    
    $
    0.11
    
    
    $
    0.23Diluted  as reported
    
    $
    0.11
    
    
    $
    0.22Diluted  pro forma
    
    $
    0.11
    
    
    $
    0.22
 7




---



##### Table of Contents



NOTE 3. EARNINGS PER CAPITAL SHARE  Presented below is a summary of the components used to
calculate basic and diluted earnings per capital share for
the three months ended March 31, 2005 and 2004. Three Months EndedMarch 31,2005
    
    
    2004Net income
    
    $
    288,814
    
    
    $
    583,008Weighted average capital shares outstanding
    
    
    2,583,009
    
    
    
    2,579,477Net effect of the assumed exercise of stock
options based on the treasury stock method
using average market price for the period
    
    
    90,838
    
    
    
    52,636Total weighted average capital shares and
capital stock equivalents outstanding
    
    
    2,673,847
    
    
    
    2,632,113Diluted earnings per capital share
    
    $
    0.11
    
    
    $
    0.22
 NOTE 4. STOCK SPLIT  On July 20, 2004, the Company declared a four for three stock
split payable to shareholders of record on September 1, 2004.
The earnings per common share for all periods have been
retroactively adjusted for this split as if it occurred on
January 1, 2004. 8




---



##### Table of Contents



SOUTHERN COMMUNITY BANCSHARES, INC. AND SUBSIDIARY 
 Item 2. MANAGEMENTS DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following is managements discussion and analysis of certain significant factors which have
affected our financial position and operating results during the periods included in the
accompanying consolidated financial statements. Forward-Looking Statements This quarterly report contains certain forward-looking statements which are based on certain
assumptions and describe future plans, strategies, and our expectations. These forward-looking
statements are generally identified by use of the words believe, expect, intend,
anticipate, estimate, project, or similar expressions. Our ability to predict results or the
actual effect of future plans or strategies is inherently uncertain. Factors which could have a
material adverse effect on our operations include, but are not limited to, changes in interest
rates, general economic conditions, legislation and regulation, monetary and fiscal policies of the
U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality
or composition of our loan and investment portfolios, demand for loan products, deposit flows,
competition, demand for financial services in our market area, and accounting principles and
guidelines. You should consider these risks and uncertainties in evaluating forward-looking
statements and should not place undue reliance on such statements. We
undertake no obligation to publicly release
the result of any revisions which may be made to any forward-looking statements to reflect events
or circumstances after the date of such statements or to reflect the occurrence of anticipated or
unanticipated events. FINANCIAL CONDITION Total assets increased $2 million from $271 million to $273 million, or 1% for the three months
ended March 31, 2005. The increase in total assets in 2005 is less than the $18 million growth for
the same period in 2004. Advances from the Federal Home Loan Bank were also utilized totaling $1
million for the three months ended March 31, 2005. In addition,
a decrease in federal funds sold provided
funding for loan growth of $18 million during the same period. The net increase in total assets for
the three months ended March 31, 2005 consisted primarily of an increase of $18 million in total
loans and a decrease of $16 million in federal funds sold. The loan to deposit ratio at March 31,
2005 was 94% compared to 87% at December 31, 2004. The increase in the loan to deposit ratio as
compared to December 31, 2004 is due to total loans increasing by $18 million and total deposits
only increasing by $1 million. Shareholders equity decreased by $113,000 for the three months ended March 31, 2005. This net
decrease consists primarily of net income of $289,000, and an increase in unrealized losses on
securities of $413,000. We have not identified any permanent impairment in the securities
portfolio, and no loss will be recognized in our income statement if those securities with
unrealized losses are held to maturity. 9




---



##### Table of Contents



LIQUIDITY Liquidity management involves the matching of the cash flow requirements of customer withdrawals of
funds and the funding of loan originations, and the ability of our subsidiary bank to meet those
requirements. Management monitors and maintains appropriate levels of liquidity so that maturities
of assets and deposit growth are such that adequate funds are provided to meet estimated customer
withdrawals and loan requests. At March 31, 2005, the Banks liquidity ratio was 14.89%, which is lower than the Banks target
ratio of 20%. The Bank has an available borrowing capacity to meet any unexpected liquidity needs.
In addition, the Company has cash available that could be injected into the Bank to meet capital
and liquidity needs. REGULATORY CAPITAL REQUIREMENTS Banking regulations require us to maintain minimum capital levels in relation to assets. At March
31, 2005, the Bank was considered well capitalized based on regulatory minimum capital
requirements. The minimum capital requirements and the actual capital ratios for the Company and
Bank at March 31, 2005 were as follows: RegulatoryMinimumConsolidated
    
    
    Bank
    
    
    RequirementLeverage Capital Ratio
    
    
    9.77
    %
    
    
    7.61
    %
    
    
    4.00
    %Risk-Based Capital RatiosCore Capital
    
    
    11.76
    %
    
    
    9.18
    %
    
    
    4.00
    %Total Capital
    
    
    12.71
    %
    
    
    10.13
    %
    
    
    8.00
    %
 We are not aware of any recommendations by the regulatory authorities, events or trends,
which, if they were to be implemented, would have a material effect on our liquidity, capital
resources, or operations. RESULTS OF OPERATIONS Net Interest Income. Net interest income increased by $441,000 for the three months ended March
31, 2005 compared to the same period in 2004. The increase in net interest income is attributable
to an increase in earning assets of $53 million as compared to March 31, 2004. Loans increased
during this period by $64 million, which generally provide greater yields to the Company. During
this same period, total deposits increased by $50 million, which included an increase of $47
million in interest-bearing deposits and an increase of $3 million in non-interest bearing
deposits. The change in net interest income is also based on the spread between rates earned on
interest earning assets and rates paid on interest bearing liabilities. The yield on total loans
for the three months ended March 31, 2005 was approximately 6.96% as compared to 7.23%, for the
same period in 2004, or a decrease of 27 basis points. The yield on total interest earning assets
for the three months ended March 31, 2005 was 6.25% compared to 6.13% for the same period in 2004,
or an increase of 12 10




---



##### Table of Contents



basis points. The rate paid on interest bearing liabilities for the same period increased by 33
basis points to 2.67% from 2.34%. These increases in yields are directly related to the continued
adjustment of interest rates. Due to the recent increase in interest rates and increased volume of loans and deposits at their
respective current yields, the net interest margin decreased to 3.91% at March 31, 2005 as compared
to 4.14% at March 31, 2004. Provision for Loan Losses. The provision for loan losses is based on managements evaluation of
the economic environment, the history of charged off loans and recoveries, size and composition of
the loan portfolio, nonperforming and past due loans, and other aspects of the loan portfolio. We
review the allowance for loan loss on a monthly basis and make provisions as necessary. A
provision of $305,000 was made during the three month period ending March 31, 2005 compared to
$153,000 for the same period in 2004. The allowance for loan loss as a percentage of total loans
was 1.04% at March 31, 2005 and 1.08% at December 31, 2004. Management believes the allowance for
loan loss at March 31, 2005 is adequate to meet any foreseeable losses in the loan portfolio. The
increase in the provision for loan losses as compared to the three month period ended March 31,
2004 is primarily related to the significant growth in our loan portfolio combined with increases
in nonperforming loans. At March 31, 2005 and 2004, nonaccrual, past due, and restructured loans were as follows: March 31,
    
    
    March 31,2005
    
    
    2004(Dollars in thousands)Total nonaccruing loans
    
    $
    1,653
    
    
    $
    730Loans contractually past due ninety days
or more as to interest or principal
payments and still accruing
    
    
    37
    
    
    
    6Restructured loans
    
    
    
    
    
    
    
 It is our policy to discontinue the accrual of interest income when, in the opinion of management,
collection of such interest becomes doubtful. This status is accorded such interest when (1) there
is a significant deterioration in the financial condition of the borrower and full repayment of
principal and interest is not expected or (2) the principal or interest is more than ninety days
past due, unless the loan is both well-secured and in the process of collection. Accrual of
interest on such loans is resumed when, in managements judgment, the collection of interest and
principal becomes probable. Loans classified for regulatory purposes as loss, doubtful, substandard, or special mention that
have not been included in the table above do not represent or result from trends or uncertainties
which management reasonably expects will materially impact future operating results, liquidity, or
capital resources. These classified loans do not represent material credits about which management
is aware of any information which causes management to have serious doubts as to the ability of
such borrowers to comply with the loan repayment terms. 11




---



##### Table of Contents



Nonaccrual loans and past due loans greater than 90 days increased by $923,000 and $31,000,
respectively, compared to the same period in 2004. This increase, in part, is due to the
significant growth of the portfolio compared to the same period in 2004. The remainder is
concentrated in two credits. The first, secured by commercial real estate was paid off with no
loss within days of the end of the first quarter 2005. The second, a consumer real estate
mortgage, has been foreclosed and moved into the Other Assets of the bank in April 2005. No loss
is anticipated on the sale of this property. Information regarding certain loans and allowance for loan loss data for the three months ended
March 31, 2005 and 2004 is as follows: Three Months EndedMarch 31,2005
    
    
    2004(Dollars in thousands)Average amount of loans outstanding
    
    $
    153,088
    
    
    $
    134,025Balance of allowance for loan losses at beginning of period
    
    $
    2,017
    
    
    $
    1,420Loans charged offCommercial and financial
    
    
    (25
    )
    
    
    Real estate
    
    
    (155
    )
    
    
    Installment
    
    
    (16
    )
    
    
    (196
    )
    
    
    Loans recoveredCommercial and financial
    
    
    8
    
    
    
    Real estate
    
    
    
    
    
    
    Installment
    
    
    
    
    
    
    8
    
    
    
    Net charge-offs
    
    
    (188
    )
    
    
    Additions to allowance charged to operating expense during period
    
    
    305
    
    
    
    153Balance of allowance for loan losses at end of period
    
    
    2,134
    
    
    
    1,573Ratio of net loans charged-off during the
period to average loans outstanding
    
    
    0.12
    %
    
    
    
    %
 Other Income.Other income decreased by $4,000 for the three months ended March 31, 2005
compared to the same period in 2004. Gain on sale of securities available for sale, which are
included in other operating income, decreased $46,000 for the three months ended March 31, 2005
compared to the same period in 2004. Deposit service charges increased $34,000 for the three
months ended March 31, 2005 compared to the same period in 2004, which is directly related to the
growth in deposit accounts. Mortgage origination fees, also included in other operating income,
increased by $4,000 for the three months ended March 31, 2005 compared to the same period in 2004. 12




---



##### Table of Contents



Other Expenses.Other expenses increased by $755,000 for the three months ended March 31, 2005
compared to the same period in 2004. The most significant increases in 2005 are increases of
$361,000 in salaries and employee benefits and other operating expenses of $277,000 for the three
months ended March 31, 2005. The increase in salaries and employee benefits represent normal
increases in salaries and an increase in the number of employees. At March 31, 2005, the number of
full-time equivalent employees was 72 compared to 56 at March 31, 2004. The increase in the
number of full-time equivalent employees is directly related to the growth of the Company and the
hiring for our Newnan location, which is expected to open during the second quarter of 2005. The
most significant increases in the other operating expense category were data processing fees, which
increased by $14,000, Employee training, which increased by $12,000 and Stationary and Supplies
which increased by $15,000 for the three months ended March 31, 2005, all of which are directly
related to the additional branches and the growth of the company. Additionally, Attorneys fees
increased by $34,000 and Repossession expense increased by $58,000 for the three months ended March
31, 2005. Both of these are related to the increase in loans charged off and the attempted
recovery of the assets. Equipment and occupancy expenses increased $117,000 for the three months
ended March 31, 2005. This increase is directly related to depreciation on equipment purchases and
occupancy expenses related to the opening of three new locations. Income Taxes.Income tax expense decreased by $176,000 for the three months ended March 31, 2005
as compared to the same period in 2004. The decrease in income tax expense is directly related to
the decrease in income before taxes of $470,000 for the three months ended March 31, 2005 as
compared to the same period in 2004. The effective tax rate for the three month period in 2005 and
2004 was 30.3% and 34.08%, respectively. The decrease in our effective tax rate is due to the
increase in nontaxable securities. Net Income. Net income decreased by $294,000 for the three months ended March 31, 2005 as compared
to the same period in 2004. The primary reason for the decrease in net income for the three months
ended March 31, 2005 as compared to the same period in 2004, is the significant expansion of the
Company and continued growth. The details of the items of income and expenses are described above. 13




---



##### Table of Contents



Item 3. CONTROLS AND PROCEDURES Our Chief Executive Officer and Chief Financial Officer have evaluated the Companys disclosure
controls and procedures as of the end of the quarterly period covered by this Form 10-QSB and have
concluded that the Companys disclosure controls and procedures are effective. During the first
quarter of 2005 there were no changes in the Companys internal control over financial reporting
that have materially affected, or that are reasonably likely to materially affect, the Companys
internal control over financial reporting. 
 PART II  OTHER INFORMATION 
 Item 6. Exhibits  (a)
    Exhibits  31.1
    Certificate of CEO pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
    Certificate of CFO pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1
    Certificate of CEO pursuant to Section 906 of the Sarbanes-Oxley Act of 200232.2
    Certificate of CFO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 14




---



##### Table of Contents



SIGNATURES In accordance with the requirements of the Exchange Act, the registrant has caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized. SOUTHERN COMMUNITYBANCSHARES, INC.Date:
    
    May 16, 2005
    
    
    
    /s/ Gary McGahaGary McGahaPresident and CEODate:
    
    May 16, 2005
    
    
    
    /s/ Leslye GrindleLeslye GrindleSr. Vice President andChief Financial Officer
 15