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, 2003

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

                       Commission File Number: 000-1170902


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


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


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


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


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


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

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

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

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


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

Common Stock, $0.01 par                 Outstanding at April 10, 2003: 3,123,316


<PAGE>

                                INTRODUCTORY NOTE

Florida  Community Banks,  Inc.  ("FCBI") was incorporated on February 20, 2002.
FCBI had no assets,  liabilities,  revenues or operations  until April 15, 2002,
when FCBI  acquired 100% of the  outstanding  shares of Florida  Community  Bank
("Bank") common stock pursuant to a Plan of  Reorganization  and Share Exchange.
Since April 15, 2002, FCBI's sole activity has been acting as a one-bank holding
company for Florida  Community  Bank and the Bank has  continued  to conduct its
activities in  substantially  the same manner as it had before the  acquisition.
This Form 10-Q  includes  certain 2002  information  pertaining  only to Florida
Community  Bank,  and the Form  10-Q for  March  31,  2002  was  filed  with the
Securities  and Exchange  Commission  to fulfill  FCBI's  obligations  under SEC
Regulation  240.15d-13 and to provide relevant disclosure to FCBI's shareholders
and the public.

                                       2
<PAGE>
                                    Form 10-Q

                          FLORIDA COMMUNITY BANKS, INC.

                                 March 31, 2003



                                TABLE OF CONTENTS
<TABLE>
<CAPTION>

                                                                                                           Page No.
Part 1 - Financial Information

  Item 1 - Consolidated Financial Statements (Unaudited)
<S>                        <C> <C>                                                                             <C>
           Consolidated Statements of Financial Condition as of March 31, 2003
              and December 31, 2002.......................................................................     4

           Consolidated Statements of Income For The Three Months Ended
              March 31, 2003 and 2002.....................................................................     5

           Consolidated Statement of Shareholders' Equity For The Three Months
              Ended March 31, 2003........................................................................     6

           Consolidated Statements of Cash Flows For The Three Months
              Ended March 31, 2003 and 2002...............................................................     7

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

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

  Item 3 - Quantitative and Qualitative Disclosures About Market Risk.....................................    18

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

Part 2 - Other Information

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

  Item 6 - Exhibits and Reports on Form 8-K...............................................................    21

Signatures

Certifications of Periodic Financial Reports
</TABLE>

                                       3
<PAGE>
PART 1 - FINANCIAL INFORMATION
Item 1 - Financial Statements

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

<TABLE>
<CAPTION>

                                                                                    March 31,
                                                                                      2003           December 31,
                                                                                   (Unaudited)           2002
                                                                                ----------------  -----------------
Assets
<S>                                                                             <C>               <C>
Cash and due from banks......................................................   $     21,060,573  $      13,264,464
Federal funds sold...........................................................         25,786,000         32,902,000
Interest-bearing deposits with banks.........................................          7,240,087         12,668,201
                                                                                ----------------  -----------------
       Cash and Cash Equivalents.............................................         54,086,660         58,834,665

Securities available for sale................................................          2,874,977          2,874,977
Securities held-to-maturity, fair value of $29,013,271 and $34,120,018.......         28,549,156         33,339,505

Loans, net of unearned income................................................        417,761,772        416,414,676
Allowance for loan losses....................................................         (6,722,045)        (6,319,298)
                                                                                ----------------  -----------------
       Net Loans.............................................................        411,039,727        410,095,378

Premises and equipment, net..................................................         10,949,852         10,109,252
Accrued interest.............................................................          2,782,392          2,904,150
Foreclosed real estate.......................................................          2,733,435                 --
Deferred taxes, net..........................................................          2,576,949          1,960,513
Other assets.................................................................          1,237,497          1,329,363
                                                                                ----------------  -----------------

       Total Assets..........................................................   $    516,830,645  $     521,447,803
                                                                                ================  =================

Liabilities and Shareholders' Equity

Liabilities

Deposits
   Non-interest-bearing......................................................   $     64,517,445  $      54,478,258
   Interest-bearing..........................................................        352,902,586        369,456,264
                                                                                ----------------  -----------------
       Total Deposits........................................................        417,420,031        423,934,522

Federal Home Loan Bank advances..............................................         50,000,000         50,000,000
Other long-term debt.........................................................             33,344             39,415
Guaranteed preferred beneficial interests in the Company's
   subordinated debentures...................................................         10,000,000         10,000,000
Deferred compensation........................................................            412,041            424,745
Accrued interest.............................................................          1,387,696          1,866,824
Other liabilities............................................................          1,085,053            718,497
                                                                                ----------------  -----------------
       Total Liabilities.....................................................        480,338,165        486,984,003

Shareholders' Equity
Common stock-par value $.01 per share, 10,000,000 shares
   authorized, 3,123,316 shares issued and outstanding.......................             31,233             31,233
Paid-in capital..............................................................         16,680,055         16,680,055
Retained earnings............................................................         19,781,192         17,752,512
                                                                                ----------------  -----------------
       Total Shareholders' Equity............................................         36,492,480         34,463,800
                                                                                ----------------  -----------------

Total Liabilities and Shareholders' Equity...................................   $    516,830,645  $     521,447,803
                                                                                ================  =================
</TABLE>

               See notes to the consolidated financial statements

                                       4
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                        CONSOLIDATED STATEMENTS OF INCOME
                   Three months Ended March 31, 2003 and 2002
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                           Three Months
                                                                                          Ended March 31,
                                                                                      2003               2002
                                                                                ----------------  -----------------
                                                                                                     (Bank Only)
Interest Income
<S>                                                                             <C>               <C>
   Interest and fees on loans................................................   $      7,844,759  $       6,453,698
   Interest and dividends
     Taxable securities......................................................            380,284            523,664
     Tax-exempt securities...................................................                 --              1,445
   Interest on federal funds sold and other interest income..................             78,991            101,204
                                                                                ----------------  -----------------
     Total Interest Income...................................................          8,304,034          7,080,011
                                                                                ----------------  -----------------

Interest Expense
   Interest on deposits......................................................          2,266,256          2,424,733
   Interest on borrowed funds................................................            552,007            383,530
                                                                                ----------------  -----------------
     Total Interest Expense..................................................          2,818,263          2,808,263
                                                                                ----------------  -----------------

Net Interest Income..........................................................          5,485,771          4,271,748

Provision for loan losses....................................................            300,000            330,000
                                                                                ----------------  -----------------
     Net Interest Income After Provision for Loan Losses.....................          5,158,771          3,941,748

Noninterest Income
   Customer service fees.....................................................            422,632            342,555
   Insurance commissions.....................................................              2,325              7,129
   Other non-interest income.................................................            201,525            185,109
   Securities gain...........................................................                 --             36,083
                                                                                ----------------  -----------------
       Total Noninterest Income..............................................            626,482            570,876
                                                                                ----------------  -----------------

Noninterest Expenses
   Salaries and employee benefits............................................          1,648,987          1,330,498
   Occupancy and equipment expense...........................................            368,146            387,606
   Other non-interest expenses...............................................            540,099            404,655
                                                                                ----------------  -----------------
       Total Noninterest Expenses............................................          2,557,232          2,122,759
                                                                                ----------------  -----------------

Income before income taxes...................................................          3,255,021          2,389,865
Provision for income tax expense.............................................          1,226,341            898,283
                                                                                ----------------  -----------------

Net Income...................................................................   $      2,028,680  $       1,491,582
                                                                                ================  =================

Weighted Average Common Shares Outstanding-Basic.............................          3,123,316          3,123,316
Weighted Average Common Shares Outstanding-Diluted...........................          3,140,228          3,134,783

Basic Earnings Per Common Share..............................................   $           0.65  $           0.48
Diluted Earnings Per Common Share............................................               0.65              0.48
</TABLE>

               See notes to the consolidated financial statements

                                       5
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                 CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
                        Three months Ended March 31, 2003
                                   (Unaudited)


<TABLE>
<CAPTION>


                                                 Common            Paid-in          Retained
                                                  Stock            Capital          Earnings             Total
                                               ------------     ------------     --------------    ----------------
<S>                 <C> <C>                    <C>              <C>              <C>               <C>
Balance at December 31, 2002..............     $      31,233    $  16,680,055    $   17,752,512    $     34,463,800

Net income - Three months ended
   March 31, 2003.........................                --               --         2,028,680           2,028,680
                                               -------------    -------------    --------------    ----------------

Balance at March 31, 2003.................     $      31,233    $  16,680,055    $   19,781,192    $     36,492,480
                                               =============    =============    ==============    ================

</TABLE>

               See notes to the consolidated financial statements

                                       6

<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   Three months Ended March 31, 2003 and 2002
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                                                           Three Months
                                                                                          Ended March 31,
                                                                                      2003               2002
                                                                                ----------------  -----------------
                                                                                                     (Bank Only)
Operating Activities
<S>                                                                             <C>               <C>
   Net Income................................................................   $      2,028,680  $       1,491,582
   Adjustments to reconcile net income to net cash
     provided by operating activities:
       Provision for loan losses.............................................            300,000            330,000
       Depreciation, amortization, and accretion, net........................            119,672            147,677
       Decrease in accrued interest receivable...............................            121,758             46,997
       Decrease in accrued interest payable..................................           (479,128)          (289,893)
       Other, net............................................................           (170,718)           945,219
                                                                                ----------------  -----------------
       Net Cash Provided By Operating Activities.............................          1,920,264          2,671,582
                                                                                ----------------  -----------------

Investing Activities
   Net decrease (increase) in held-to-maturity securities....................          4,790,349         (6,495,720)
   Net increase in available-for-sale securities.............................                 --            (27,417)
   Loans made to customers, net of repayments................................         (3,977,784)       (24,149,751)
   Purchase of fixed assets..................................................           (960,272)          (536,102)
                                                                                ----------------  -----------------
       Net Cash Used In Investing Activities.................................           (147,707)       (31,208,990)
                                                                                ----------------  -----------------

Financing Activities
   Net increase (decrease) in noninterest-bearing deposits...................         19,809,810         (5,176,959)
   Net (decrease) increase in interest-bearing deposits......................        (26,324,301)        43,768,221
   Repayment of short-term borrowings........................................             (6,071)        (1,086,000)
                                                                                ----------------  -----------------
       Net Cash (Used In) Provided By Financing Activities...................         (6,520,562)        37,505,262
                                                                                ----------------  -----------------

Net (Decrease) Increase in Cash and Cash Equivalents.........................         (4,748,005)         8,967,854

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

Cash and Cash Equivalents at End of Period...................................   $     54,086,660  $      32,006,982
                                                                                ================  =================
</TABLE>

               See notes to the consolidated financial statements

                                       7
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2003


Note A - Basis of Presentation

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

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

Certain financial  information contained in this Form 10-Q represents solely the
financial  information of the subsidiary bank as the actual business combination
effecting the  acquisition  of the Bank by the Company did not occur until April
15, 2002 (see Note G).

For further information, refer to the financial statements and footnotes thereto
for Florida Community Banks, Inc. for the year ended December 31, 2002, included
in Form 10-K filed in March 2003.


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


                                       8
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2003


Note B - Critical Accounting Policies - Continued

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.


Note C - Income Taxes

The  effective tax rates of  approximately  37.7% and 37.6% for the three months
ended March 31, 2003 and 2002, respectively, are more than the Federal statutory
tax rate for  corporations  principally  because of the  effect of state  income
taxes, net of federal tax benefit.


Note D - Securities

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

At  March  31,  2003,   the  Bank  had  no  net   unrealized   gains/losses   in
available-for-sale  securities,  which are reflected in the presented assets and
resulted in no change in shareholders' equity. There were no trading securities.


Note E - Shareholders' Equity

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


Note F - Segment Information

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

                                       9
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2003


Note G - Business Reorganization

On April 11, 2002 a majority of the  shareholders of the Bank approved a Plan of
Reorganization  ("Plan")  whereby  the Bank  became  the  subsidiary  of Florida
Community  Banks,  Inc., a Florida  corporation  and a  registered  bank holding
company.  Under the Plan,  each share of the Bank's  common stock was  converted
into one share of Florida  Community  Banks,  Inc.  common  stock.  Consolidated
capital,  assets,  liabilities and operations  after the  reorganization,  which
occurred on April 15, 2002, were  substantially the same as reported by the Bank
before the reorganization.

The Plan allowed  dissenting  shareholders  to exercise the right to be paid for
their shares in cash. There were no dissenting shareholders.


Note H - Stock-Based Compensation

The Company has  long-term  incentive  stock option plans and an employee  stock
purchase plan. The Company  accounts for those plans under the  recognition  and
measurement  principles  of APB  Opinion  25,  Accounting  for  Stock  Issued to
Employees,  and related  interpretations using the intrinsic value based method,
as permitted by Statement  of  Financial  Accounting  Standards  (SFAS) No. 123,
Accounting for Stock-based Compensation.  In December 2002, the FASB issued SFAS
No. 148,  Accounting for  Stock-Based  Compensation - Transition and Disclosure.
This statement amends SFAS No. 123 to provide  alternative methods of transition
for an  entity  that  voluntarily  changes  to the fair  value  based  method of
accounting  for  stock-based  employee  compensation.  It amends the  disclosure
provisions of that Statement to require  prominent  disclosure about the effects
on reported net income of an entity's  accounting  policy decisions with respect
to stock-based employee compensation. This Statement also amends APB Opinion No.
28 to require  disclosure about those effects in interim financial  information.
This  Statement is effective  for financial  statements  for fiscal years ending
after December 15, 2002 and for financial reports containing condensed financial
statements for interim periods beginning after December 15, 2002. No stock-based
employee compensation cost is reflected in net income for these plans.

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

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

                                       10
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2003


Note H - Stock-Based Compensation - Continued

The Company  granted 6,000  options in 2003, at an exercise  price of $20.00 per
share.  These options vest 0 percent on the grant date, 40 percent at the end of
the first year and 20 percent at the end of each of the next three years.  Other
options granted include 55,200 (split  adjusted)  granted in 2001 at an exercise
price of  $15.00  per  share,  with  similar  terms and  conditions  as the 2003
options.  The  compensation  expense  related to the  granted  options  has been
allocated over the vesting period for purposes of pro forma disclosures. Options
expire ten years after the date of grant.

The Company's actual and pro forma information follows:

<TABLE>
<CAPTION>

                                                                                         Three Months Ended
                                                                                    March 31,          March 31,
                                                                                      2003               2002
                                                                                ----------------  -----------------
                                                                                                       (Bank Only)
Net Income
<S>                                                                             <C>               <C>
As Reported..................................................................   $      2,028,680  $       1,491,582

Deduct: Total stock-based employee compensation expense
   determined under fair value based method for all  awards,
   net of tax................................................................              5,532             11,676
                                                                                ----------------  -----------------

Pro forma net income.........................................................   $      2,023,148  $       1,479,906
                                                                                ================  =================

Basic earnings per share:

As Reported..................................................................   $           0.65  $           0.48
                                                                                ================  ================

Pro forma....................................................................   $           0.65  $           0.48
                                                                                ================  ================

Diluted earnings per share:

As Reported..................................................................   $           0.65  $           0.48
                                                                                ================  ================

Pro forma....................................................................   $           0.64  $           0.47
                                                                                ================  ================

</TABLE>

Note I - 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 many of the  commitments  are expected to expire without
being drawn upon, the total amounts do not necessarily represent expected future
cash flows.

                                       11
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2003

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

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

<TABLE>
<CAPTION>

                                                                                           Period Ended
                                                                                    March 31,        December 31,
                                                                                      2003               2002
                                                                                ----------------  -----------------
<S>                                                                             <C>               <C>
Commitments to extend credit.................................................   $     92,452,000  $      94,694,000

Standby and commercial letters of credit.....................................          5,290,000          5,852,000
                                                                                ----------------  -----------------

Total commitments and contingencies..........................................   $     97,742,000  $     100,546,000
                                                                                ================  =================

</TABLE>

             [The remainder of this page intentionally left blank]

                                       12
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

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

This  discussion  is  intended  to  assist  an  understanding  of the  Company's
financial  condition and results of operations.  This analysis should be read in
conjunction  with  the  consolidated  financial  statements  and  related  notes
appearing  in  Item 1 of the  March  31,  2003,  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, 2002.

The financial  analysis that follows  represents  Bank only  information for the
first  quarter  of 2002 as FCBI had no  activity  prior to April 15,  2002,  the
actual  date of the  acquisition  of the  Bank.  See Note F to the  consolidated
financial statements as of March 31, 2003, included herein.

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, 2003 compared to December 31, 2002

The Bank continued its operations  concentrating  in the origination of loans in
southwestern  Florida.  As discussed  more fully  below,  loan growth was modest
during the first quarter of 2003. No significant  changes in operating  goals or
policies occurred during the first quarter of 2003. Loans

                                       13
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

Loans  comprised the largest  single  category of the Bank's  earning  assets on
March 31,  2003.  Loans,  net of unearned  income and  reserve for loan  losses,
totaled  79.6% of total  assets at March  31,  2003  compared  to 78.6% of total
assets at December 31, 2002. During the quarter,  loans increased  approximately
$1.2  million,  a  significant  decrease in the growth rate that the Company has
experienced over the past two years. The Company originated  approximately $41.8
million  in loans or lines of  credit  during  the  first  quarter  of 2003.  In
contrast, during the first quarter of 2002, the Company originated approximately
$79.3 million in loans or lines of credit.  The lower loan origination  activity
occurred because loan demand softened in the Company's  primary market area and,
to a lesser  extent,  the  lower  level of  interest  rates on loans  influenced
management  to  reduce  extensions  of credit  for real  estate  and other  loan
categories.

Investment Securities and Other Earning Assets

The investment securities portfolio is used to provide a source of liquidity, to
serve as collateral for borrowings  and to secure certain  government  deposits.
Federal  funds sold are the most liquid  earning asset and is used to manage the
daily cash  position of the Bank.  Investment  securities  and other  short-term
investments   decreased  $13  million  during  the  first  quarter  of  2003  as
certificates of deposits decreased $26 million, partially offset by increases in
other deposit categories of $20 million.

Asset Quality

From  December 31, 2002 to March 31, 2003,  the Bank's  asset  quality  remained
satisfactory  as measured by three key ratios.  The ratio of loan loss allowance
to total  nonperforming  assets (defined as nonaccrual loans,  loans past due 90
days or greater,  restructured  loans,  nonaccruing  securities,  and other real
estate) decreased from 82.1% to 81.9%. The percentage of nonperforming assets to
total assets  increased from 1.48% to 1.59%, and the percentage of nonperforming
loans to total loans  increased from 1.52% to 1.61%.  These ratios were affected
by a $514 thousand  increase in nonperforming  loans during the first quarter of
2003.  During  the  past  nine  months,   nonperforming   loans  have  increased
significantly,  primarily  in part to three  relatively  large real  estate loan
borrowers,  one of which  became owned real estate  during the first  quarter of
2003.  In response to the increase in  non-performing  loans,  the allowance for
loan  losses  also has been  increased  from 1.21% of loans at March 31, 2002 to
1.61% at March 31, 2003, an increase of $2.6 million in the reserve.

Subsequent to March 31, 2003 a customer having  significant  indebtedness to the
Bank  declared  bankruptcy  (Chapter  11). As of April 23, 2003 the customer had
five loans outstanding  totaling  $8,116,355,  all of which were current at that
date. Based on an initial review of the customer's borrowing  relationships with
the Bank, the value of the collateral (primarily real estate) securing the loans
exceeds the  principal  and interest  due on the loans.  While it is too soon to
determine  the  ultimate  outcome of the  bankruptcy  proceedings,  the  Company
believes  the loan loss  allowance  is  adequate to absorb any losses that might
result from the customer's indebtedness.

During the first  quarter of 2003,  recoveries on loans  previously  charged-off
exceeded the amount of loans charged-off by $103 thousand.

                                       14
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

Deposits

Total  deposits of $417.4  million at March 31, 2003  represented  a decrease of
$6.5 million  (1.6%) from total deposits of $423.9 million at year-end 2002. The
decrease  was  attributable  to  certificates  of  deposit  maturities  from two
sources:  Internet certificates of deposit (gathered by posting the Bank's rates
on an Internet bulletin board accessed by various financial  institutions in the
United States) and brokered certificates of deposit. At March 31, 2003, brokered
certificates  of  deposit  totaled  approximately  $78.4  million  and  Internet
certificates of deposit totaled approximately $36.8 million.

Shareholders' Equity

Shareholders'  equity increased $2.0 million from December 31, 2002 to March 31,
2003,  due to retained net income during the first quarter of 2003. On March 31,
2003 the Company and the Bank exceeded the regulatory  minimums and qualified as
well-capitalized  under the regulations of the Federal Reserve System, the State
of Florida, and the FDIC.

Liquidity Management

Liquidity  is  defined  as the  ability  of a  company  to  convert  assets  (by
liquidating or pledging for borrowings)  into cash or cash  equivalents  without
significant loss.  Liquidity  management involves maintaining the Bank's 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 Bank 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 for the Bank to meet the needs of its customer base,
but to maintain an appropriate  balance  between  interest-sensitive  assets and
interest-sensitive  liabilities  so that the Bank 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 Bank, 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  or principal  repayments  of  investment
securities.  Loans  that  mature  or  reprise,  in one  year  or  less,  equaled
approximately $266.7 million at March 31, 2003, and there are approximately $1.7
million of investment securities repayments expected within one year.

The liability  portion of the balance sheet provides  liquidity through deposits
to various customers' interest-bearing and noninterest-bearing deposit accounts,
brokered and Internet  certificated  of deposit.  At March 31, 2003,  funds also
were  available  through  the  purchase  of  federal  funds  from  correspondent
commercial  banks from available  lines of up to an aggregate of $30 million and
credit  availability  at the  Federal  Home  Loan  Bank  of up to 15% of  assets
(approximately  $77  million) of which $27 million is available  and unused.  At
March 31, 2003,  the bank had unused  collateral  totaling  approximately  $13.5
million, thus limiting the advances potentially available to that amount.

                                       15
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

Capital Resources

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

Bank regulatory authorities are placing increased emphasis on the maintenance of
adequate capital. In 1990, new risk-based capital requirements became effective.
The guidelines take into consideration  risk factors,  as defined by regulators,
associated with various categories of assets, both on and off the balance sheet.
Under the guidelines,  capital strength is measured in two tiers, which are used
in conjunction  with  risk-adjusted  assets to determine the risk-based  capital
ratios.  The  Bank's  Tier I  capital,  which  consists  of common  equity  less
goodwill,  amounted  to  $45.9  million  at  March  31,  2003.  Tier II  capital
components include  supplemental capital components such as qualifying allowance
for loan losses and qualifying  subordinated  debt. Tier I capital plus the Tier
II capital  components are referred to as Total Risk-Based capital and was $51.8
million at March 31, 2003.

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


RESULTS OF OPERATIONS

Three months ended March 31, 2003 and 2002

Summary

Net  earnings of the Bank for the three  months  ended March 31,  2003,  totaled
$2,028,680  compared to $1,491,582  for the same period in 2002,  representing a
36.0% increase.  The increase was due principally to a $1.2 million  increase in
net interest income. As explained more fully below, the increase in net interest
income   was  due  to  an   increased   average   volume   of  loans  and  lower
interest-bearing deposit rates.

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 Bank's net
income.  Net interest income of the Bank during the three months ended March 31,
2003 increased $1.2 million  (28.4%) from the same period in 2002. This increase
was due  primarily  to the  increase in loan  interest  and fee income and, to a
lesser extent, a decrease in deposit interest  expense.  Both loans and deposits
experienced  increased volume with lower overall rates.  Earning assets averaged
$482.0  million  during the first quarter of 2003 compared to $388.8  million in
2002,  with all of the  increase due to loan  volume.  Average  interest-bearing
liabilities  increased  from $288.5  million during the first quarter of 2002 to
$395.4  million  during  the same  period  in 2003.  Interest  bearing  checking
accounts  (money market and NOW accounts)  averaged $11.7 million higher in 2003
compared to the first quarter of 2002  reflecting  an increase of 15.3%,  as did
average certificates of deposit (up $40.1 million) increasing 21.8%.

                                       16
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

The Bank was in an  interest  sensitive  position  during  2003 and 2002  with a
larger  dollar  amount of  interest-earning  assets  subject to  repricing  than
interest-bearing  liabilities.  Therefore, during 2002 when rates were generally
declining,  the Bank's loan and investment  portfolios rapidly repriced at lower
rates.  By the first  quarter of 2003  significant  rate  declines  on  deposits
continued  while the rate  declines  on earning  assets  began to slow.  The net
effect was an increase in the net interest margin from 4.36% in first quarter of
2002 to 4.64% in 2003.

Provision for Loan Losses

The provision for loan losses  represents  the charge against  current  earnings
necessary  to maintain  the reserve for loan losses at a level which  management
considers appropriate. This level is determined based upon the Bank's historical
charge-offs,   management's  assessment  of  current  economic  conditions,  the
composition  of the loan  portfolio and the levels of  nonaccruing  and past due
loans.  The  provision  for loan losses was  $300,000 for the three months ended
March 31, 2003 compared to $330,000  during the same period in 2002.  Recoveries
exceeded  charge-offs  by  approximately  $103  thousand and $8 thousand for the
three months ended March 31, 2003 and 2002,  respectively.  The reserve for loan
losses as a percent of outstanding  loans, net of unearned income,  was 1.61% at
March 31, 2003, compared to 1.52% at year-end 2002.

Noninterest Income

Noninterest  income for the three  months  ended March 31,  2003,  was  $626,482
compared to  $570,876  for the same  period of 2002,  an  increase of 9.7%.  The
increase  was  primarily  due to an  increase in  customer  service  fees of $80
thousand.  During  2003,  the Bank earned  increased  fees for cash  provided to
customers and for certain services due primarily to volume.

Noninterest Expenses

Noninterest  expenses  for  the  three  months  ended  March  31,  2003  totaled
$2,557,232 reflecting a 20.4% increase from the same period of 2002. The primary
components of  noninterest  expenses are salaries and employee  benefits,  which
increased  $327  thousand for the three months ended March 31, 2003  compared to
the same  period in 2002,  caused by a added  staff for  branches  and  mortgage
brokerage operations.

Income Taxes

The provision  for income taxes of  $1,226,341  for the three months ended March
31, 2003,  increased  $328 thousand  compared to the same period of 2002, due to
higher  taxable  earnings.  The effective tax rate for both periods is more than
the statutory federal rate principally because of state income taxes, net of the
federal tax benefit.

Other Accounting Issues

In September  2002,  the  Auditing  Standards  Board issued SAS No. 98,  Omnibus
Statement  on  Auditing  Standards  - 2002.  This  statement  revises and amends
several previously issued Statements on Auditing Standards. The changes required
impose  enhanced  quality  controls  and  audit  considerations  on  a  firm  of
independent  auditors in the  conduct of their  audit of a  company's  financial
statements.  The additional  requirements  primarily  relate to more descriptive
guidance on the  application  of auditing  procedures,  the

                                       17
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

auditors report and related disclosures and supplementary information.  This SAS
No. 98 was effective upon issuance except for the amendment to SAS No. 70, which
is effective for reports  issued on or after January 1, 2003.  The impact on the
audit of the Company's  consolidated  financial  statements  resulting  from the
issuance of this auditing standard was not material.

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

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

On April 30, 2003,  the FASB issued SFAS No. 149,  Amendment of Statement 133 on
Derivative Instruments and Hedging Activities. SFAS No. 149 amends and clarifies
financial accounting and reporting for derivative instruments, including certain
derivative  instruments  embedded in other contracts and for hedging  activities
under  SFAS  No.  133,   Accounting  for  Derivative   Instruments  and  Hedging
Activities.  The  provisions of SFAS No. 149 are  effective for fiscal  quarters
beginning  after June 15, 2003.  Management  does not believe the  provisions of
this standard will have a material impact on results of future operations.


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 Bank's primary market risk arises from the possibility  that
interest rates may change  significantly and affect the fair value of the Bank's
financial instruments (also known as interest rate risk).

The primary  objective of  Asset/Liability  Management  at the Bank 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

                                       18
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

period.  Management monitors the rate sensitivity of all interest earning assets
and interest bearing liabilities, but places particular emphasis on the upcoming
year. The Bank'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 Bank.

The Bank 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  Bank's  net  interest  income  and
stockholders' equity to changes in interest rates.  Simulation analysis accounts
for the  expected  timing and  magnitude of assets and  liability  cash flows as
interest rates change,  as well as the expected  timing and magnitude of deposit
flows and rate changes  whether or not these deposits  re-price on a contractual
basis. In addition, simulation analysis includes adjustments for the lag between
movements in market interest rates on loans and interest-bearing deposits. These
adjustments  are made to reflect  more  accurately  possible  future cash flows,
re-pricing behavior and ultimately net interest income.

As of March 31, 2003, the Bank's simulation  analysis indicated that the Bank is
at greatest  risk in a  decreasing  interest  rate  environment.  The table that
follows  depicts  the  results of the  simulation  assuming  one and two percent
decreases and increases in market interest rates.

<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.........................................  $    428,203    $     415,437    $     433,819    $      409,381
   Deposits in banks.............................        28,301           28,301           28,301            28,301
   Federal funds sold............................        25,786           25,786           25,786            25,786
   Securities....................................        29,521           28,409           29,932            27,756
                                                   ------------    -------------    -------------    --------------
     Total Interest Earning Assets...............       511,811          497,933          517,838           491,224
                                                   ------------    -------------    -------------    --------------

                                       19
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

                                                           Estimated Fair Value of Financial Instruments
                                                   ----------------------------------------------------------------
                                                       Down              Up             Down               Up
                                                     1 Percent        1 Percent       2 Percent         2 Percent
                                                   ------------    -------------    -------------    --------------
Interest Bearing Liabilities:
   Deposits - Savings and demand.................       128,870          124,442          131,084           122,228
   Deposits - Time...............................       228,728          223,766          231,210           221,285
   Other borrowings..............................        51,115           48,885           52,230            47,770
                                                   ------------    -------------    -------------    --------------
     Total Rate Sensitive Liabilities............       408,713          397,093          414,524           391,283
                                                   ------------    -------------    -------------    --------------
Net Difference in Fair Value.....................  $    103,098    $     100,840    $     103,314    $       99,941
                                                   ============    =============    =============    ==============
Change in Net Interest Income....................  $      (455)    $         642    $     (1,012)    $        1,273
                                                   ============    =============    =============    ==============

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

Changes in internal controls

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



              [The remainder of this page intentionally left blank]

                                       20
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003


PART 2 - 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.

<TABLE>
<CAPTION>

   Item 6  - Exhibits and Reports on Form 8-K

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

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

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

     4.1  Subordinated Promissory Note, dated December 24, 2001, between Florida
          Community Bank and  Independent  Bankers Bank of Florida  (included as
          Exhibit 4.1 to the Bank's Form 10-KSB for the year ended  December 31,
          2002, 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).

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

     10.4 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).

                                       21
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

Exhibit No.                                               Exhibit                                          Page

     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).

     11   Statement re: computation of earnings per common share                                            24

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

     99.2 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                                                                                              25

     99.3 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                                                                                              25

     (b)  Reports on Form 8-K

          On January 29, 2003  Florida  Community  Banks,  Inc.  filed a current
          report on Form 8-K in which it  furnished a press  release  announcing
          its financial results for the year-ended  December 31, 2002,  pursuant
          to Item 9 in  satisfaction  of Item 12 --  Disclosure  of  Results  of
          Operations  and  Financial  Condition in  accordance  with  Guidelines
          issued by the Securities and Exchange Commission in Release 33-8216. A
          copy of this press release, dated January 29, 2003, was attached as an
          exhibit to the current report on Form 8-K.

          On April 16, 2003 Florida Community Banks, Inc. filed a current report
          on Form 8-K in which  it  furnished  a press  release  announcing  its
          financial  results for the  three-month  period  ended March 31, 2003,
          pursuant to Item 9 in satisfaction of Item 12 -- Disclosure of Results
          of Operations and Financial  Condition in accordance  with  Guidelines
          issued by the Securities and Exchange Commission in Release 33-8216. A
          copy of this press  release,  dated April 16, 2003, was attached as an
          exhibit to the current report on Form 8-K.

</TABLE>

                                       22
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

                                   SIGNATURES

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

                                                   FLORIDA COMMUNITY BANKS, INC.



               By:  /s/ Stephen L. Price                            May 14, 2003
                  ---------------------------------------------     ------------
                  Stephen L. Price                                  Date
                  President and Chief Executive Officer




                    /s/ Thomas V. Ogletree                          May 14, 2003
                  ---------------------------------------------     ------------
                  Thomas V. Ogletree                                Date
                  Chief Financial Officer

                                       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, 2003 and 2002.
Average shares  outstanding  have been  retroactively  adjusted on an equivalent
share basis for the stock split as  discussed  in the notes to the  consolidated
financial statements.

<TABLE>
<CAPTION>


                                                                                             Three Months
                                                                                            Ended March 31
                                                                                        2003              2002
                                                                                    -------------    --------------
                                                                                                       (Bank Only)
Basic Earnings Per Share:
<S>                                                                                 <C>              <C>
   Net income...................................................................    $   2,028,680    $    1,491,582
                                                                                    =============    ==============

   Earnings on common shares....................................................    $   2,028,680    $    1,491,582
                                                                                    =============    ==============

   Weighted average common shares
     outstanding - basic........................................................        3,123,316         3,123,316
                                                                                    =============    ==============

   Basic earnings per common share..............................................    $        0.65    $         0.48
                                                                                    =============    ==============

Diluted Earnings Per Share:
   Net income...................................................................    $   2,028,680    $    1,491,582
                                                                                    =============    ==============

   Earnings on common shares....................................................    $   2,028,680    $    1,491,582
                                                                                    =============    ==============

   Weighted average common shares
     outstanding - diluted......................................................        3,140,228         3,134,783
                                                                                    =============    ==============

   Diluted earnings per common share............................................    $        0.65    $         0.48
                                                                                    =============    ==============
</TABLE>

                                       24
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

EXHIBIT 99.2

                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,  2003  ("Report"),  each of the
undersigned certify that:

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

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



Date:   May 14, 2003                    By:   /s/ Stephen L. Price
                                           -------------------------------------
                                           Stephen L. Price
                                           President and Chief Executive Officer



EXHIBIT 99.3

                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,  2003  ("Report"),  each of the
undersigned certify that:

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

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



Date:   May 14, 2003                     By:  /s/ Thomas V. Ogletree
                                           -------------------------------------
                                           Thomas V. Ogletree
                                           Chief Financial Officer

                                       25
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

CERTIFICATIONS

I, Stephen L. Price, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date:  May 14, 2003

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

                                       26
<PAGE>
                          FLORIDA COMMUNITY BANKS, INC.
                                 March 31, 2003

CERTIFICATIONS

I, Thomas V. Ogletree, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date:  May 14, 2003

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

                                       27