----

----

**U.S.        SECURITIES AND EXCHANGE COMMISSION**

**Washington,        D.C. 20549**

**FORM        10-QSB**

|   | x | Quarterly                  Report Pursuant to Section 13 or 15 (d) of the Securities Exchange                  Act of                  1934 for the quarterly period ended September 30,                  2005 |
|--------|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    | o | Transition                  report under Section 13 or 15(d) of the Exchange Act for the transition                  period from ____________ to                  ____________ |
|--------------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**First        Capital Bancorp, Inc.**

| Georgia                                   | 58-2362335                                            |
|-------------------------------------------|-------------------------------------------------------|
| (State                  of Incorporation) | (I.R.S.                  Employer Identification No.) |

| Class                                            | Outstanding                    at November                    9, 2005 |
|--------------------------------------------------|-----------------------------------------------------------------------|
| Common                    Stock, $1.00 par value | 5,134,988                                                             |

----

Table                of Contents

TABLE

|                          |                                                                                                                                  | Page                      No. |
|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|
|                          |                                                                                                                                  |                          |
| PART                      I.  | FINANCIAL                      INFORMATION                                                                                            |                          |
|                          |                                                                                                                                  |                          |
|                          | Item                      1. FINANCIAL STATEMENTS                                                                                     |                          |
|                          |                                                                                                                                  |                          |
|                          | Consolidated                      Balance Sheets- September 30, 2005 (Unaudited) and                      December 31, 2004 | 3                             |
|                          |                                                                                                                                  |                          |
|                          | Consolidated                      Statements of Income                      (Unaudited) -                                        |                          |
|                          | Three                      and nine months ended September 30, 2005                      and 2004                           | 4                             |
|                          |                                                                                                                                  |                          |
|                          | Consolidated                      Statements of Comprehensive Income                      (Unaudited) -                          |                          |
|                          | Three                      and nine months ended September 30,                      2005 and 2004                           | 5                             |
|                          |                                                                                                                                  |                          |
|                          | Consolidated                      Statements of Cash Flows (Unaudited) -                                                              |                          |
|                          | Nine months                      ended September 30, 2005 and                      2004                                     | 6                             |
|                          |                                                                                                                                  |                          |
|                          | Notes                      to Consolidated Financial Statements                      (Unaudited)                                      | 7-10                          |
|                          |                                                                                                                                  |                          |
|                          | Item                      2. Management’s Discussion and Analysis                      of                                       |                          |
|                          | Financial                      Condition and Results of                      Operations                                               | 11-21                         |
|                          |                                                                                                                                  |                          |
|                          | Item                      3. Controls and Procedures                                                                                  | 22                            |
|                          |                                                                                                                                  |                          |
| PART                      II. | OTHER                      INFORMATION                                                                                                |                          |
|                          |                                                                                                                                  |                          |
|                          | Item                      2. Unregistered Sales of Equity Securities and                      Use of Proceeds                         | 23                            |
|                          |                                                                                                                                  |                          |
|                          | Item                    4.  Submission of Matters to a Vote of                    Security Holders                          |  23                      |
|                          |                                                                                                                                  |                          |
|                          | Item                      6. Exhibits                                                                                                 | 24                            |
|                          |                                                                                                                                  |                          |
|                          | Signatures                                                                                                                            | 25                            |

----

Table              of Contents

**PART          I. FINANCIAL INFORMATION**

**ITEM          1. FINANCIAL STATEMENTS. **

| **FIRST                      CAPITAL BANCORP, INC.****AND                      SUBSIDIARIES****CONSOLIDATED                      BALANCESHEETS** |
|--------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                               |   |                                              |                                        |                                                            |   |    |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------|---------------------------------------------|-----------------------------------------------------------------|--------|---------|--------|
|                                                                                                                                                                               |   | September                      30,2005(Unaudited) |                                        |                      December                      31,2004 |   |
| **ASSETS**                                                                                                                                                                         |   |                                              | ($                      in thousands)  |                                                            |
|                                                                                                                                                                               |   |                                              |                                        |                                                            |   |    |   |
| Cash                      and due from banks                                                                                                                                       |   | $                                                 | 19,067                                      |                                                            | $      | 13,753  |   |
| Interest-bearing                      deposits in banks                                                                                                                            |   |                                              | 988                                         |                                                            |   | 1,473   |   |
| Federal                      funds sold and overnight investments                                                                                                                  |   |                                              | 3,650                                       |                                                            |   | 375     |   |
| Cash                      and cash equivalents                                                                                                                                     |   |                                              | 23,705                                      |                                                            |   | 15,601  |   |
| Investment                      securities:                                                                                                                                        |   |                                              |                                        |                                                            |   |    |   |
| Securities                      available for sale, at fair value                                                                                                                  |   |                                              | 124,229                                     |                                                            |   | 130,640 |   |
| Securities                      held to maturity, at cost (fair values of $5,546 and $6,975,                      respectively)                                                    |   |                                              | 5,519                                       |                                                            |   | 6,821   |   |
| Restricted                      equity securities, at cost                                                                                                                         |   |                                              | 6,844                                       |                                                            |   | 6,818   |   |
| Loans,                      net                                                                                                                                               |   |                                              | 488,490                                     |                                                            |   | 478,570 |   |
| Premises                      and equipment, net                                                                                                                                   |   |                                              | 1,055                                       |                                                            |   | 1,056   |   |
| Goodwill                                                                                                                                                                           |   |                                              | 7,411                                       |                                                            |   | 6,681   |   |
| Core                      deposit intangible                                                                                                                                       |   |                                              | 880                                         |                                                            |   | 1,101   |   |
| Other                      assets                                                                                                                                                  |   |                                              | 14,292                                      |                                                            |   | 10,947  |   |
| Total                      assets                                                                                                                                                  |   | $                                                 | 672,425                                     |                                                            | $      | 658,235 |   |
|                                                                                                                                                                               |   |                                              |                                        |                                                            |   |    |   |
| **LIABILITIES**                                                                                                                                                                    |   |                                              |                                        |                                                            |   |    |   |
| Deposits:                                                                                                                                                                          |   |                                              |                                        |                                                            |   |    |   |
| Non                      interest-bearing demand                                                                                                                                   |   | $                                                 | 101,269                                     |                                                            | $      | 77,341  |   |
| Interest-bearing                      demand and money market                                                                                                                      |   |                                              | 150,526                                     |                                                            |   | 132,515 |   |
| Savings                                                                                                                                                                            |   |                                              | 52                                          |                                                            |   | 79      |   |
| Time                      deposits of $100,000 or more                                                                                                                             |   |                                              | 132,681                                     |                                                            |   | 134,762 |   |
| Other                      time deposits                                                                                                                                           |   |                                              | 95,250                                      |                                                            |   | 113,974 |   |
| Total                      deposits                                                                                                                                                |   |                                              | 479,778                                     |                                                            |   | 458,671 |   |
| Federal                      funds purchased and securities sold under repurchase                      agreements                                                                  |   |                                              | 1,863                                       |                                                            |   | 11,210  |   |
| Other                      borrowings                                                                                                                                              |   |                                              | 117,350                                     |                                                            |   | 120,488 |   |
| Other                      liabilities                                                                                                                                             |   |                                              | 5,473                                       |                                                            |   | 4,660   |   |
| Subordinated                      debentures                                                                                                                                       |   |                                              | 6,392                                       |                                                            |   | 6,392   |   |
| Total                      liabilities                                                                                                                                             |   |                                              | 610,856                                     |                                                            |   | 601,421 |   |
|                                                                                                                                                                               |   |                                              |                                        |                                                            |   |    |   |
| **STOCKHOLDERS'                      EQUITY**                                                                                                                                      |   |                                              |                                        |                                                            |   |    |   |
| Preferred                          stock; no par value; 10,000,000                          shares authorized; no shares issued and                          outstanding           |   |                                              | -                                           |                                                            |   | -       |   |
| Common                        stock; $1 par value; 10,000,000                        shares authorized; 5,283,797 and 5,170,000 shares issued,                        respectively |   |                                              | 5,284                                       |                                                            |   | 5,170   |   |
| Surplus                                                                                                                                                                            |   |                                              | 37,327                                      |                                                            |   | 35,902  |   |
| Treasury                        stock, 148,809 and 142,888 shares, respectively                                                                                                    |   |                                              | (1,243                                      | )                                                               |   | (1,122  | )      |
| Unearned                      ESOP shares                                                                                                                                          |   |                                              | (240                                        | )                                                               |   | (400    | )      |
| Retained                      earnings                                                                                                                                             |   |                                              | 21,466                                      |                                                            |   | 17,285  |   |
| Accumulated                      other comprehensive loss                                                                                                                          |   |                                              | (1,025                                      | )                                                               |   | (21     | )      |
| Total                      stockholders’ equity                                                                                                                              |   |                                              | 61,569                                      |                                                            |   | 56,814  |   |
| Total                      liabilities and stockholders’ equity                                                                                                              |   | $                                                 | 672,425                                     |                                                            | $      | 658,235 |   |
| **See                      notes to the consolidated financial                      statements.**                                                                                  |

----

Table              of Contents

**FIRST            CAPITAL BANCORP, INC.**

**AND            SUBSIDIARIES**

**CONSOLIDATEDSTATEMENTS            OF INCOME**

**(UNAUDITED)**

|                                                                                                                                         |   | **FOR                      THE****THREE-MONTH****PERIOD                      ENDED****SEPTEMBER                      30**  |   | **FOR                      THE****NINE-MONTH****PERIOD                      ENDED****SEPTEMBER                      30,**  |   |
|----------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                         |   | ($                      in thousands except per share data)                                                                     |   | ($                      in thousands except per share data)                                                                |   |
|                                                                                                                                         |   | **2005**                                                                                                                        |   |  **2004**                                                                                                                  |   |  **2005** |   |  **2004** |   |
|                                                                                                                                         |   |                                                                                                                            |   |                                                                                                                       |   |    |   |    |   |
| Interest                      Income:                                                                                                        |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Loans                      and leases, including fees                                                                                        |   | $                                                                                                                               | 8,952  |                                                                                                                            | $      | 6,601 |   | $ | 25,038 |   | $ | 16,232 |   |
| Investment                      securities:                                                                                                  |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| U.S.                      Treasury and government agencies                                                                                   |   |                                                                                                                            | 410    |                                                                                                                            |   | 391 |   |   | 1,202 |   |   | 827 |   |
| Mortgage-backed                      securities                                                                                              |   |                                                                                                                            | 915    |                                                                                                                            |   | 1,066 |   |   | 2,727 |   |   | 2,685 |   |
| Other                      investments                                                                                                       |   |                                                                                                                            | 176    |                                                                                                                            |   | 267 |   |   | 549 |   |   | 856 |   |
| Interest-bearing                      deposits in banks                                                                                      |   |                                                                                                                            | 10     |                                                                                                                            |   | 6 |   |   | 23 |   |   | 12 |   |
| Federal                      funds sold and overnight investments                                                                            |   |                                                                                                                            | 28     |                                                                                                                            |   | 11 |   |   | 61 |   |   | 36 |   |
| Total                      interest income                                                                                                   |   |                                                                                                                            | 10,491 |                                                                                                                            |   | 8,342 |   |   | 29,600 |   |   | 20,648 |   |
|                                                                                                                                         |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Interest                      expense:                                                                                                       |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Interest-bearing                        demand, money market and  savings                                                               |   |                                                                                                                            | 502    |                                                                                                                            |   | 229 |   |   | 1,177 |   |   | 566 |   |
| Time                      deposits of $100,000 or more                                                                                       |   |                                                                                                                            | 1,200  |                                                                                                                            |   | 803 |   |   | 2,931 |   |   | 2,451 |   |
| Other                      time deposits                                                                                                     |   |                                                                                                                            | 815    |                                                                                                                            |   | 817 |   |   | 2,350 |   |   | 1,905 |   |
| Federal                        funds purchased, securities sold under repurchase                        agreements and other borrowings |   |                                                                                                                            | 1,360  |                                                                                                                            |   | 1,064 |   |   | 3,827 |   |   | 3,256 |   |
| Total                      interest expense                                                                                                  |   |                                                                                                                            | 3,877  |                                                                                                                            |   | 2,913 |   |   | 10,285 |   |   | 8,178 |   |
| Net                      interest income                                                                                                     |   |                                                                                                                            | 6,614  |                                                                                                                            |   | 5,429 |   |   | 19,315 |   |   | 12,470 |   |
| Provision                      for loan losses                                                                                               |   |                                                                                                                            | 150    |                                                                                                                            |   | 175 |   |   | 450 |   |   | 1,025 |   |
| Net                      interest income after provision for loan losses                                                                     |   |                                                                                                                            | 6,464  |                                                                                                                            |   | 5,254 |   |   | 18,865 |   |   | 11,445 |   |
|                                                                                                                                         |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Non                      interest income:                                                                                                    |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Service                      charges on deposit accounts                                                                                     |   |                                                                                                                            | 20     |                                                                                                                            |   | 29 |   |   | 59 |   |   | 65 |   |
| Loan                      servicing fee income                                                                                               |   |                                                                                                                            | 147    |                                                                                                                            |   | 95 |   |   | 441 |   |   | 186 |   |
| Mortgage                      origination fees                                                                                               |   |                                                                                                                            | 58     |                                                                                                                            |   | 88 |   |   | 165 |   |   | 131 |   |
| Gain                      on sale of loans, net                                                                                              |   |                                                                                                                            | 131    |                                                                                                                            |   | 144 |   |   | 260 |   |   | 176 |   |
| Net                      gain (loss) on sale of securities available for sale                                                                |   |                                                                                                                            | -      |                                                                                                                            |   | (32 | ) |   | 26 |   |   | (32 | ) |
| Other                      income                                                                                                            |   |                                                                                                                            | 124    |                                                                                                                            |   | 93 |   |   | 274 |   |   | 191 |   |
| Total                      non interest income                                                                                               |   |                                                                                                                            | 480    |                                                                                                                            |   | 417 |   |   | 1,225 |   |   | 717 |   |
|                                                                                                                                         |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Non                      interest expense:                                                                                                   |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Salaries                      and other compensation expense                                                                                 |   |                                                                                                                            | 2,639  |                                                                                                                            |   | 2,400 |   |   | 8,081 |   |   | 5,406 |   |
| Net                      occupancy and equipment expense                                                                                     |   |                                                                                                                            | 425    |                                                                                                                            |   | 384 |   |   | 1,316 |   |   | 762 |   |
| Other                      expense                                                                                                           |   |                                                                                                                            | 1,399  |                                                                                                                            |   | 1,173 |   |   | 4,095 |   |   | 2,673 |   |
| Total                      non interest expense                                                                                              |   |                                                                                                                            | 4,463  |                                                                                                                            |   | 3,957 |   |   | 13,492 |   |   | 8,841 |   |
|                                                                                                                                         |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Income                      before income taxes                                                                                              |   |                                                                                                                            | 2,481  |                                                                                                                            |   | 1,714 |   |   | 6,598 |   |   | 3,321 |   |
| Income                      tax expense                                                                                                      |   |                                                                                                                            | 891    |                                                                                                                            |   | 613 |   |   | 2,417 |   |   | 1,173 |   |
| Net                      income                                                                                                              |   | $                                                                                                                               | 1,590  |                                                                                                                            | $      | 1,101 |   | $ | 4,181 |   | $ | 2,148 |   |
|                                                                                                                                         |   |                                                                                                                            |   |                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Basic                      earnings per share                                                                                                |   | $                                                                                                                               | .31    |                                                                                                                            | $      | .22 |   | $ | .83 |   | $ | .62 |   |
| Fully                      diluted earnings per share                                                                                        |   | $                                                                                                                               | .30    |                                                                                                                            | $      | .21 |   | $ | .80 |   | $ | .60 |   |
| Cash                      dividends per common share                                                                                         |   | $                                                                                                                               | -      |                                                                                                                            | $      | - |   | $ | - |   | $ | - |   |

| **See                    notes to the consolidated financial                    statements.** |
|-----------------------------------------------------------------------------------------------|

----

Table              of Contents

**FIRST          CAPITAL BANCORP, INC.**

**AND              SUBSIDIARIES**

**CONSOLIDATED              STATEMENTS OF COMPREHENSIVE INCOME              (LOSS)**

**(UNAUDITED)**

|                                                                                              |   |   | **FOR                      THE****THREE-MONTH****PERIOD                      ENDED****SEPTEMBER                      30,**  |   |   | **FOR                      THE****NINE-MONTH****PERIOD                      ENDED****SEPTEMBER                      30,**  |   |
|---------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                              |   |   | ($                      in thousands)                                                                                       |   |   | ($                      in thousands)                                                                                      |   |
|                                                                                              |   |   | 2005                                                                                                                        |   |   | 2004                                                                                                                       |   |   | 2005  |   |   | 2004  |   |
|                                                                                              |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| Net                      income                                                                   |   | $      | 1,590                                                                                                                            |   | $      | 1,101                                                                                                                           |   | $ | 4,181 |   | $ | 2,148 |   |
|                                                                                              |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| Other                      comprehensive income (loss):                                           |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                              |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
|                                                                                              |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| Unrealized                      holding gains (losses) arising during period,                     |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| net                      of tax                                                                   |   |   | (432                                                                                                                             | )      |   | 1,509                                                                                                                           |   |   | (1,003 | ) |   | 201 |   |
|                                                                                              |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| Reclassification                      adjustment for (gains) losses realized in                   |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| net                      income, net of tax                                                       |   |   | -                                                                                                                                |   |   | 20                                                                                                                              |   |   | (17 | ) |   | 20 |   |
|                                                                                              |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| Unrealized                      (gains) losses on cash flow hedges,                               |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| net                      of tax                                                                   |   |   | 19                                                                                                                               |   |   | (22                                                                                                                             | )      |   | 16 |   |   | (25 | ) |
|                                                                                              |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| Other                      comprehensive income (loss)                                            |   |   | (413                                                                                                                             | )      |   | 1,507                                                                                                                           |   |   | (1,004 | ) |   | 196 |   |
|                                                                                              |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| Comprehensive                      income                                                         |   | $      | 1,177                                                                                                                            |   | $      | 2,608                                                                                                                           |   | $ | 3,176 |   | $ | 2,344 |   |
|                                                                                              |   |   |                                                                                                                             |   |   |                                                                                                                            |   |   |   |   |   |   |   |
| **See                      notes to the consolidated financial                      statements.** |

----

Table              of Contents

**FIRST          CAPITAL BANCORP, INC.**

**AND            SUBSIDIARIES**

**CONSOLIDATEDSTATEMENTS            OF CASH FLOWS**

**(UNAUDITED)**

|                                                                                                                              |   | **FOR                    THE****NINE-MONTH****PERIOD                    ENDED****SEPTEMBER                    30,** |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------|
|                                                                                                                              |   |  **2005**                                                                                                      |   | **2004** |   |
|                                                                                                                              |   |                                                                                                                |   |    |   |
| **OPERATING                    ACTIVITIES:**                                                                                      |   |                                                                                                                |   |   |   |   |   |
| Net                    income                                                                                                     |   | $                                                                                                                   | 4,181 |   | $ | 2,148 |   |
| Adjustments                    to reconcile net income to net cash provided by operating                    activities:           |   |                                                                                                                |   |   |   |   |   |
| Net                    accretion of securities                                                                                    |   |                                                                                                                | (196 | ) |   | (92 | ) |
| Depreciation                    and amortization                                                                                  |   |                                                                                                                | 719 |   |   | 363 |   |
| Net                    gain on sale of other real estate owned                                                                    |   |                                                                                                                | - |   |   | (9 | ) |
| Net                    (gain) loss on sale of securities available for sale                                                       |   |                                                                                                                | (26 | ) |   | 32 |   |
| Net                    gain on sale of premises and equipment                                                                     |   |                                                                                                                | (8 | ) |   | - |   |
| Provision                    for loan losses                                                                                      |   |                                                                                                                | 450 |   |   | 1,025 |   |
| Net                    increase in other assets                                                                                   |   |                                                                                                                | (2,850 | ) |   | (1,311 | ) |
| Net                    increase (decrease) in other liabilities                                                                   |   |                                                                                                                | 1,558 |   |   | (2,055 | ) |
|                                                                                                                              |   |                                                                                                                |   |   |   |   |   |
| Net                    cash provided by operating activities                                                                      |   |                                                                                                                | 3,828 |   |   | 101 |   |
|                                                                                                                              |   |                                                                                                                |   |   |   |   |   |
| **INVESTING                    ACTIVITIES:**                                                                                      |   |                                                                                                                |   |   |   |   |   |
| Proceeds                    from calls and maturities of securities available for sale                                            |   |                                                                                                                | 5,250 |   |   | 3,410 |   |
| Principal                    repayments from mortgage-backed securities                                                           |   |                                                                                                                | 20,510 |   |   | 22,977 |   |
| Purchases                    of securities available for sale                                                                     |   |                                                                                                                | (23,942 | ) |   | (28,508 | ) |
| Purchases                    of restricted equity securities                                                                      |   |                                                                                                                | (75 | ) |   | (523 | ) |
| Proceeds                    from sale of securities available for sale                                                            |   |                                                                                                                | 4,568 |   |   | 1,475 |   |
| Net                    increase in loans                                                                                          |   |                                                                                                                | (10,841 | ) |   | (54,352 | ) |
| Net                    cash acquired in business combination                                                                      |   |                                                                                                                | - |   |   | 6,527 |   |
| Proceeds                    from the sale of other real estate owned                                                              |   |                                                                                                                | - |   |   | 1,086 |   |
| Purchases                    of premises and equipment                                                                            |   |                                                                                                                | (497 | ) |   | (620 | ) |
| Proceeds                    from sale of premises and equipment                                                                   |   |                                                                                                                | 8 |   |   | - |   |
|                                                                                                                              |   |                                                                                                                |   |   |   |   |   |
| Net                    cash used in investing activities                                                                          |   |                                                                                                                | (5,019 | ) |   | (48,528 | ) |
|                                                                                                                              |   |                                                                                                                |   |   |   |   |   |
| **FINANCING                    ACTIVITIES:**                                                                                      |   |                                                                                                                |   |   |   |   |   |
| Net                    increase in deposits                                                                                       |   |                                                                                                                | 21,108 |   |   | 35,044 |   |
| Net                      decrease in federal funds purchased and securities sold under                      repurchase agreements |   |                                                                                                                | (9,347 | ) |   | (2,432 | ) |
| Net                    increase (decrease) in Federal Home Loan Bank advances                                                     |   |                                                                                                                | (3,138 | ) |   | 9,386 |   |
| Net                    decrease in other borrowings                                                                               |   |                                                                                                                | - |   |   | (4,000 | ) |
| Proceeds                    from rights offering                                                                                  |   |                                                                                                                | - |   |   | 14,887 |   |
| Sale                    (purchase) of treasury stock                                                                              |   |                                                                                                                | (121 | ) |   | 56 |   |
| Proceeds                    from exercise of stock options                                                                        |   |                                                                                                                | 793 |   |   | 278 |   |
|                                                                                                                              |   |                                                                                                                |   |   |   |   |   |
| Net                    cash provided by financing activities                                                                      |   |                                                                                                                | 9,295 |   |   | 53,219 |   |
|                                                                                                                              |   |                                                                                                                |   |   |   |   |   |
| Net                    increase in cash and cash equivalents                                                                      |   |                                                                                                                | 8,104 |   |   | 4,792 |   |
| Cash                    and cash equivalents, beginning of period                                                                 |   |                                                                                                                | 15,601 |   |   | 12,098 |   |
|                                                                                                                              |   |                                                                                                                |   |   |   |   |   |
| Cash                    and cash equivalents, end of period                                                                       |   | $                                                                                                                   | 23,705 |   | $ | 16,890 |   |
| **See                    notes to the consolidated financial                    statements.**                                     |

----

Table              of Contents

**FIRST          CAPITAL BANCORP, INC.**

**AND          SUBSIDIARIES**

**NOTESTO          CONSOLIDATED FINANCIAL STATEMENTS**

**(UNAUDITED)**

**NOTE          1 - BASIS OF PRESENTATION**

**NOTE          2 - MERGER WITH FIRST CAPITAL BANCORP, INC.**

----

Table              of Contents

| Cash,                    due from banks, Federal funds sold and overnight                    investments |   | $      | 6,526,621   |   |
|----------------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|
| Securities                    available-for-sale                                                         |   |   | 36,872,956  |   |
| Restricted                    equity securities                                                          |   |   | 1,506,000   |   |
| Derivative                                                                                               |   |   | 31,986      |   |
| Loans                                                                                                    |   |   | 102,995,192 |   |
| Premises                    and equipment                                                                |   |   | 124,085     |   |
| Core                    deposit intangible                                                               |   |   | 1,273,676   |   |
| Goodwill                                                                                                 |   |   | 7,356,090   |   |
| Other                    assets                                                                          |   |   | 8,068,128   |   |
| Total                    assets acquired                                                                 |   | $      | 164,754,734 |   |
| Deposits                                                                                                 |   |   | 116,397,828 |   |
| Other                    borrowings                                                                      |   |   | 26,986,639  |   |
| Other                    liabilities                                                                     |   |   | 5,335,215   |   |
| Total                    liabilities assumed                                                             |   | $      | 148,719,682 |   |
| Net                    assets acquired                                                                   |   | $      | 16,035,052  |   |

**NOTE          3 - MERGER WITH FLAG FINANCIAL CORPORATION**

----

Table              of Contents

**NOTE          4 - EARNINGS PER COMMON SHARE**

| Presented                    below is a summary of the components used to calculate basic                    and diluted                    earnings per common share. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                   |   | **Three                    Months Ended** |   | **Nine                    Months Ended** |
| **September                    30,**                                                                                                                                   |   | **September                    30,** |
|                                                                                                                                                                   |   | **2005** |   | **2004** |   | **2005** |   | **2004** |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                   | Basic                    Earnings Per Share: |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                   | Weighted                    average common shares outstanding |   | 5,075,004 |   |   | 4,955,270 |   |   | 5,042,528 |   |   | 3,456,015 |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                   | Net                    income | **$** | 1,590,093 |   | $ | 1,100,772 |   | $ | 4,180,666 |   | $ | 2,147,670 |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                   | Basic                    earnings per share | **$** | 0.31 |   | $ | 0.22 |   | $ | 0.83 |   | $ | 0.62 |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                   | Diluted                    Earnings Per Share: |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                   | Weighted                    average common shares outstanding |   | 5,075,004 |   |   | 4,955,270 |   |   | 5,042,528 |   |   | 3,456,015 |
|                                                                                                                                                                   | Net                    effect of the assumed exercise of stockoptions                    based on the treasury stock method using                    average market prices for the year |   | 184,920 |   |   | 172,651 |   |   | 185,164 |   |   | 122,472 |
|                                                                                                                                                                   | Shares                    held by rabbi trust |   | 21,796 |   |   | 10,887 |   |   | 21,796 |   |   | 10,887 |
|                                                                                                                                                                   | Total                    weighted average common shares and common                    stock equivalents outstanding |   | 5,281,720 |   |   | 5,138,808 |   |   | 5,249,488 |   |   | 3,589,374 |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                   | Net                    income as reported | **$** | 1,590,093 |   | $ | 1,100,772 |   | $ | 4,180,666 |   | $ | 2,147,670 |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                   | Diluted                    earnings per share | **$** | 0.30 |   | $ | 0.21 |   | $ | 0.80 |   | $ | 0.60 |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |

----

Table              of Contents

**NOTE          5 - STOCK COMPENSATION PLANS**

*Accounting          for Stock Issued to Employees*
*Accounting          for Stock-Based Compensation*

|   |   |   |   |   |   |   |   |   |
|--------|--------|--------|--------|--------|--------|--------|--------|--------|

|                                                                                                                                                                           |   |  **Three                      Months Ended****September                      30,** |           | **Nine                      Months Ended****September                      30,** |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|----------------|----------------------------------------------------------------------------------|--------|
|                                                                                                                                                                           |   |                                                                                    | **2005**  |                                                                             |   | **2004** |   |   | **2005**  |   |   | **2004**  |   |
|                                                                                                                                                                           |   |                                                                                    |           |                                                                             |   |   |   |   |   |   |   |   |   |
| Net                      income, as reported                                                                                                                                   |   | $                                                                                       | 1,590,093      |                                                                             | $      | 1,100,772 |   | $ | 4,180,666 |   | $ | 2,147,670 |   |
| Deduct:                      Total stock-based employee compensation expense determined                      under fair                      value based method for all awards |   |                                                                                    | 54,988         |                                                                             |   | 5,616 |   |   | 93,929 |   |   | 30,698 |   |
| Pro                      forma net income                                                                                                                                      |   | $                                                                                       | 1,535,105      |                                                                             | $      | 1,095,156 |   | $ | 4,086,737 |   | $ | 2,116,972 |   |
| Earnings                      per share:                                                                                                                                       |   |                                                                                    |           |                                                                             |   |   |   |   |   |   |   |   |   |
| Basic                      - as reported                                                                                                                                       |   | $                                                                                       | 0.31           |                                                                             | $      | 0.22 |   | $ | 0.83 |   | $ | 0.62 |   |
| Basic                      - pro forma                                                                                                                                         |   |                                                                                    | 0.30           |                                                                             |   | 0.22 |   |   | 0.81 |   |   | 0.61 |   |
| Fully                      diluted - as reported                                                                                                                               |   |                                                                                    | 0.30           |                                                                             |   | 0.21 |   |   | 0.80 |   |   | 0.60 |   |
| Fully                      diluted - pro forma                                                                                                                                 |   |                                                                                    | 0.29           |                                                                             |   | 0.21 |   |   | 0.78 |   |   | 0.59 |   |

**NOTE          6 - RECENT ACCOUNTING STANDARDS**

**Stock-Based          Compensation**

*Share-Based          Payment*
*Accounting          for Stock-Based Compensation*
*Accounting          for Stock Issued to Employees*

----

Table              of Contents

**ITEM          2. **
**MANAGEMENT'SDISCUSSION          AND ANALYSIS OF FINANCIAL CONDITION AND          RESULTS OF OPERATIONS.**

**CAUTIONARY          NOTE REGARDING FORWARD-LOOKING STATEMENTS**

**Critical          Accounting Estimates**

*Allowance          for Loan Losses.*

----

Table              of Contents

| **Risk                    Rating** | **Definition**                                            |
|------------------------------------|-----------------------------------------------------------|
| **0**                              | **Exceptional**                                           |
| **1**                              | **Above                    average**                      |
| **2**                              | **Quality**                                               |
| **3**                              | **Satisfactory**                                          |
| **4**                              | **Acceptable                    - merits attention**      |
| **5**                              | **Watch                    - special mention**            |
| **6**                              | **Substandard**                                           |
| **7**                              | **Doubtful                    - collection questionable** |
| **8**                              | **Loss**                                                  |
|                               |                                                      |

*Goodwill*

----

Table              of Contents

**FINANCIAL          CONDITION **

**Allowance          for Loan Losses **

----

Table              of Contents

|                                                                          |   | **2005**                                  |    |  **2004** |   |
|-------------------------------------------------------------------------------|--------|-------------------------------------------|---------|----------------|--------|
|                                                                          |   | (Dollars                    in thousands) |    |
| **Average                    amount of loans outstanding**                    |   | $                                         | 499,322 |           | $      | 392,923 |   |
|                                                                          |   |                                      |    |           |   |   |   |
| **Allowance                    for loan losses balance, beginning of period** |   | $                                         | 6,049   |           | $      | 3,306 |   |
|                                                                          |   |                                      |    |           |   |   |   |
| **Less                    charge-offs**                                       |   |                                      |    |           |   |   |   |
| Commercial                    loans                                           |   |                                      | (93     | )              |   | **-** |   |
| Real                    estate loans                                          |   |                                      | -       |           |   | - |   |
| Consumer                    loans                                             |   |                                      | (10     | )              |   | - |   |
| Total                    charge-offs                                          |   |                                      | (103    | )              |   | - |   |
|                                                                          |   |                                      |    |           |   |   |   |
| **Plus                    recoveries**                                        |   |                                      |    |           |   |   |   |
| Commercial                    loans                                           |   |                                      | 9       |           |   | - |   |
| Real                    estate loans                                          |   |                                      | 1       |           |   | - |   |
| Consumer                    loans                                             |   |                                      | -       |           |   | - |   |
| Total                    recoveries                                           |   |                                      | 10      |           |   | - |   |
| **Net                    charge-offs**                                        |   |                                      | (93     | )              |   | - |   |
|                                                                          |   |                                      |    |           |   |   |   |
| **Plus                    provision for loan losses**                         |   |                                      | 450     |           |   | 1,025 |   |
| **Plus                    amount acquired in business combination**           |   |                                      | -       |           |   | 1,416 |   |
| **Allowance                    for loan losses balance, end of period**       |   | $                                         | 6,406   |           | $      | 5,747 |   |
|                                                                          |   |                                      |    |           |   |   |   |
| **Net                    charge-offs to average loans**                       |   |                                      | 0.019   | %              |   | - | % |

----

Table              of Contents

|   |                                 |   **September                    30, 2005** |
|--------|--------------------------------------|-------------------------------------------------------|
|   |                                 |                                                  |   |   |   |   |   |   |   |
|   |                                 |                                                  |   |   |   | Past                    Due |   |   |   |
|   |                                 |                                                  | Nonaccrual |   |   | 90                    Days |   |   | Restructured |
|   |                                 |                                                  | Loans |   |   | Still                    Accruing |   |   | Debt |
|   |                                 |  (Dollars                    in thousands)       |
|   |                                 |                                                  |   |   |   |   |   |   |   |
|   | Real                    estate loans | $                                                     | 60 |   | $ | - |   | $ | - |
|   | Commercial                    loans  |                                                  | 1,093 |   |   | - |   |   | - |
|   | Consumer                    loans    |                                                  | - |   |   | - |   |   | - |
|   | Total                                | $                                                     | 1,153 |   | $ | - |   | $ | - |
|   |                                 |                                                  |   |   |   |   |   |   |   |
|   |                                 |                                                  |   |   |   |   |   |   |   |
|   |                                 |   **September                    30, 2004** |
|   |                                 |                                                  |   |   |   |   |   |   |   |
|   |                                 |                                                  |   |   |   | Past                    Due |   |   |   |
|   |                                 |                                                  | Nonaccrual |   |   | 90                    Days |   |   | Restructured |
|   |                                 |                                                  | Loans |   |   | Still                    Accruing |   |   | Debt |
|   |                                 |  (Dollars                    in thousands)       |
|   |                                 |                                                  |   |   |   |   |   |   |   |
|   | Real                    estate loans | $                                                     | 684 |   | $ | - |   | $ | - |
|   | Commercial                    loans  |                                                  | 1,111 |   |   | - |   |   | - |
|   | Consumer                    loans    |                                                  | - |   |   | - |   |   | - |
|   | Total                                | $                                                     | 1,795 |   | $ | - |   | $ | - |

**Liquidity          and Sources of Capital **

----

Table              of Contents

|                                                       |   | **ACTUAL** |   | **FOR                    CAPITAL****ADEQUACY****PURPOSES** |   | **TO                    BE****WELL                    CAPITALIZED** |
|------------------------------------------------------------|--------|------------|--------|------------------------------------------------------------|--------|---------------------------------------------------------------------|
|                                                       |   |       |   |
|                                                       |   |       |   |
|                                                       |   |       |   |                                                       |   |                                                                |
| As                    of September 30, 2005                |   |       |   |                                                       |   |
| Total                    Capital to Risk Weighted Assets:  |   |       |   |                                                       |   |
| Consolidated                                               | 12.06% |       | 8%     |                                                       | N/A    |
| First                    Capital Bank                      | 11.71% |       | 8%     |                                                       | 10%    |
| Tier                    I Capital to Risk Weighted Assets: |   |       |   |                                                       |   |
| Consolidated                                               | 10.90% |       | 4%     |                                                       | N/A    |
| First                    Capital Bank                      | 10.55% |       | 4%     |                                                       | 6%     |
| Tier                    I Capital to Average Assets:       |   |       |   |                                                       |   |
| Consolidated                                               | 8.97%  |       | 4%     |                                                       | N/A    |
| First                    Capital Bank                      | 8.69%  |       | 4%     |                                                       | 5%     |

**Off-Balance          Sheet Arrangements**

----

Table              of Contents

**Three-Month          Period Ended September 30, 2005**

|                                                                                                                                                                                                                          |   |   | **Three-Month                    Period Ended September 30,**  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------|
|                                                                                                                                                                                                                          |   |   | **2005**                                                            |   |   | 2004 |   |
|                                                                                                                                                                                                                          |   |   | **Average****Balances****(1)**                                      |   |   | **Income/****Expense** |   |   | **Yields/****Rates** |   |   | AverageBalances(1) |   |   | Income/Expense |   |   | Yields/Rates |   |
|                                                                                                                                                                                                                          |   |   | (Dollars                      in Thousands)                    |   |
| Federal                      funds sold and interest-bearing  deposits                                                                                                                                                   |   | **$**  | **4,612**                                                           | ** ** | **$** | **38** | ** ** | ** ** | **3.27** | % | $ | 5,356 |   | $ | 17 |   |   | 1.26 | % |
| Securities                    (2)                                                                                                                                                                                             |   |   | **141,360**                                                         |   |   | **1,501** |   |   | **4.21** |   |   | 155,625 |   |   | 1,724 |   |   | 4.40 |   |
| Loans,                    net of deferred fees (3)(4)                                                                                                                                                                         |   |   | **499,694**                                                         |   |   | **8,952** |   |   | **7.11** |   |   | 458,192 |   |   | 6,601 |   |   | 5.72 |   |
| Total                    interest-earning assets                                                                                                                                                                              |   |   | **645,666**                                                         |   |   | **10,491** |   |   | **6.45** | % |   | 619,173 |   |   | 8,342 |   |   | 5.35 | % |
|                                                                                                                                                                                                                          |   |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized                    losses on securities                                                                                                                                                                            |   |   | **(1,356**                                                          | **)** |   |   |   |   |   |   |   | (936 | ) |   |   |   |   |   |   |
| Allowance                    for loan losses                                                                                                                                                                                  |   |   | **(6,334**                                                          | **)** |   |   |   |   |   |   |   | (5,625 | ) |   |   |   |   |   |   |
| Cash                    and due from banks                                                                                                                                                                                    |   |   | **17,695**                                                          |   |   |   |   |   |   |   |   | 10,934 |   |   |   |   |   |   |   |
| Other                    assets                                                                                                                                                                                               |   |   | **22,449**                                                          |   |   |   |   |   |   |   |   | 19,388 |   |   |   |   |   |   |   |
| Total                                                                                                                                                                                                                         |   | **$**  | **678,120**                                                         |   |   |   |   |   |   |   | $ | 642,934 |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                          |   |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Transaction                    and money market deposits                                                                                                                                                                      |   | **$**  | **138,914**                                                         | ** ** | **$** | **502** | ** ** | ** ** | **1.43** | % | $ | 114,013 |   | $ | 229 |   |   | 0.80 | % |
| Time                    deposits                                                                                                                                                                                              |   |   | **230,366**                                                         |   |   | **2,015** |   |   | **3.47** |   |   | 261,738 |   |   | 1,620 |   |   | 2.46 |   |
| Federal                      funds purchased and securities  sold                      under repurchase agreements                                                                                                       |   |   | **16,194**                                                          |   |   | **139** |   |   | **3.41** |   |   | 7,215 |   |   | 30 |   |   | 1.65 |   |
| Other                    borrowings                                                                                                                                                                                           |   |   | **117,361**                                                         |   |   | **1,077** |   |   | **3.64** |   |   | 130,422 |   |   | 890 |   |   | 2.71 |   |
| Subordinated                    debentures                                                                                                                                                                                    |   |   | **6,392**                                                           |   |   | **144** |   |   | **8.94** |   |   | 6,392 |   |   | 144 |   |   | 8.94 |   |
| Total                    interest-bearing liabilities                                                                                                                                                                         |   |   | **509,227**                                                         |   |   | **3,877** |   |   | **3.02** | % |   | 519,780 |   |   | 2,913 |   |   | 2.22 | % |
|                                                                                                                                                                                                                          |   |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non                    interest-bearing demand deposits                                                                                                                                                                       |   |   | **103,047**                                                         |   |   |   |   |   |   |   |   | 65,206 |   |   |   |   |   |   |   |
| Other                    liabilities                                                                                                                                                                                          |   |   | **5,156**                                                           |   |   |   |   |   |   |   |   | 3,258 |   |   |   |   |   |   |   |
| Stockholders’                    equity                                                                                                                                                                                 |   |   | **60,690**                                                          |   |   |   |   |   |   |   |   | 54,690 |   |   |   |   |   |   |   |
| Total                                                                                                                                                                                                                         |   | **$**  | **678,120**                                                         |   |   |   |   |   |   |   | $ | 642,934 |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                          |   |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest income                                                                                                                                                                                        |   |   |                                                                |   | $ | 6,614 |   |   |   |   |   |   |   | $ | 5,429 |   |   |   |   |
|                                                                                                                                                                                                                          |   |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest spread                                                                                                                                                                                        |   |   |                                                                |   |   |   |   |   | **3.43** | **%** |   |   |   |   |   |   |   | 3.13 | % |
| Net                    interest margin                                                                                                                                                                                        |   |   |                                                                |   |   |   |   |   | **4.06** | **%** |   |   |   |   |   |   |   | 3.48 | % |
|                                                                                                                                                                                                                          |   |   |                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1)                    Average balances are daily averages.                                                                                                                                                                   |
| (2)                    Securities available for sale are reported at amortized cost.                                                                                                                                          |
| (3)                    Loans include nonaccrual loans.                                                                                                                                                                        |
| (4)                    Interest and fees on loans includes fees of $441,000 and $335,000                    for the                    three month periods ended September 30, 2005 and 2004,                    respectively |

----

Table              of Contents

----

Table              of Contents

**Nine-Month          Period Ended September 30, 2005**

|                                                                                                                                                                                                                            |   |   |                                                               |       |   |                   |       |       |                 |   |   |                                   |   |   |           |   |   |         |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------|------------|--------|------------------------|------------|------------|----------------------|--------|--------|----------------------------------------|--------|--------|----------------|--------|--------|--------------|--------|
|                                                                                                                                                                                                                            |   |   | **Nine-Month                    Period Ended September 30,**  |       |
|                                                                                                                                                                                                                            |   |   | **2005**                                                           |       |   | 2004              |       |
|                                                                                                                                                                                                                            |   |   | **Average****Balances****(1)**                                     |       |   | **Income/****Expense** |       |       | **Yields/****Rates** |   |   | AverageBalances                    (1) |   |   | Income/Expense |   |   | Yields/Rates |   |
|                                                                                                                                                                                                                            |   |   | (Dollars                    in Thousands)                     |       |
| Federal                    funds sold and interest-bearing deposits                                                                                                                                                             |   | **$**  | **3,982**                                                          | ** ** | **$**  | **84**                 | ** ** | ** ** | **2.82**             | **%**  | $      | 6,074                                  |   | $      | 48             |   |   | 1.05         | %      |
| Securities                    (2)                                                                                                                                                                                               |   |   | **141,489**                                                        |       |   | **4,478**              |       |       | **4.23**             |   |   | 134,064                                |   |   | 4,368          |   |   | 4.34         |   |
| Loans,                    net of deferred fees (3)(4)                                                                                                                                                                           |   |   | **499,322**                                                        |       |   | **25,038**             |       |       | **6.70**             |   |   | 392,923                                |   |   | 16,232         |   |   | 5.50         |   |
| Total                    interest-earning assets                                                                                                                                                                                |   |   | **644,793**                                                        |       |   | **29,600**             |       |       | **6.14**             | **%**  |   | 533,061                                |   |   | 20,648         |   |   | 5.16         | %      |
|                                                                                                                                                                                                                            |   |   |                                                               |       |   |                   |       |       |                 |   |   |                                   |   |   |           |   |   |         |   |
| Unrealized                    gains (losses) on securities                                                                                                                                                                      |   |   | **(940**                                                           | **)**      |   |                   |       |       |                 |   |   | (556                                   | )      |   |           |   |   |         |   |
| Allowance                    for loan losses                                                                                                                                                                                    |   |   | **(6,230**                                                         | **)**      |   |                   |       |       |                 |   |   | (4,362                                 | )      |   |           |   |   |         |   |
| Cash                    and due from banks                                                                                                                                                                                      |   |   | **16,599**                                                         |       |   |                   |       |       |                 |   |   | 9,669                                  |   |   |           |   |   |         |   |
| Other                    assets                                                                                                                                                                                                 |   |   | **21,670**                                                         |       |   |                   |       |       |                 |   |   | 11,165                                 |   |   |           |   |   |         |   |
| Total                                                                                                                                                                                                                           |   | **$**  | **675,892**                                                        |       |   |                   |       |       |                 |   | $      | 548,977                                |   |   |           |   |   |         |   |
|                                                                                                                                                                                                                            |   |   |                                                               |       |   |                   |       |       |                 |   |   |                                   |   |   |           |   |   |         |   |
| Transaction                    and money market deposits                                                                                                                                                                        |   | **$**  | **130,867**                                                        | ** ** | **$**  | **1,177**              | ** ** | ** ** | **1.20**             | **%**  | $      | 99,474                                 |   | $      | 566            |   |   | 0.76         | %      |
| Time                    deposits                                                                                                                                                                                                |   |   | **232,888**                                                        |       |   | **5,281**              |       |       | **3.03**             |   |   | 222,842                                |   |   | 4,356          |   |   | 2.60         |   |
| Federal                    funds purchased and securities sold                    under repurchase agreements                                                                                                                   |   |   | **18,827**                                                         |       |   | **420**                |       |       | **2.98**             |   |   | 5,294                                  |   |   | 58             |   |   | 1.46         |   |
| Other                    borrowings                                                                                                                                                                                             |   |   | **120,608**                                                        |       |   | **2,976**              |       |       | **3.30**             |   |   | 120,784                                |   |   | 2,766          |   |   | 3.05         |   |
| Subordinated                    debentures                                                                                                                                                                                      |   |   | **6,392**                                                          |       |   | **431**                |       |       | **9.02**             |   |   | 6,392                                  |   |   | 432            |   |   | 9.00         |   |
| Total                    interest-bearing liabilities                                                                                                                                                                           |   |   | **509,582**                                                        |       |   | **10,285**             |       |       | **2.70**             | **%**  |   | 454,786                                |   |   | 8,178          |   |   | 2.40         | %      |
|                                                                                                                                                                                                                            |   |   |                                                               |       |   |                   |       |       |                 |   |   |                                   |   |   |           |   |   |         |   |
| Non                    interest-bearing demand deposits                                                                                                                                                                         |   |   | **102,405**                                                        |       |   |                   |       |       |                 |   |   | 55,880                                 |   |   |           |   |   |         |   |
| Other                    liabilities                                                                                                                                                                                            |   |   | **4,727**                                                          |       |   |                   |       |       |                 |   |   | 2,456                                  |   |   |           |   |   |         |   |
| Stockholders’                    equity                                                                                                                                                                                   |   |   | **59,178**                                                         |       |   |                   |       |       |                 |   |   | 35,855                                 |   |   |           |   |   |         |   |
| Total                                                                                                                                                                                                                           |   | **$**  | **675,892**                                                        |       |   |                   |       |       |                 |   | $      | 548,977                                |   |   |           |   |   |         |   |
|                                                                                                                                                                                                                            |   |   |                                                               |       |   |                   |       |       |                 |   |   |                                   |   |   |           |   |   |         |   |
| Net                    interest income                                                                                                                                                                                          |   |   |                                                               |       | $      | 19,315                 |       |       |                 |   |   |                                   |   | $      | 12,470         |   |   |         |   |
|                                                                                                                                                                                                                            |   |   |                                                               |       |   |                   |       |       |                 |   |   |                                   |   |   |           |   |   |         |   |
| Net                    interest spread                                                                                                                                                                                          |   |   |                                                               |       |   |                   |       |       | **3.44**             | **%**  |   |                                   |   |   |           |   |   | 2.76         | %      |
| Net                    interest margin                                                                                                                                                                                          |   |   |                                                               |       |   |                   |       |       | **4.01**             | **%**  |   |                                   |   |   |           |   |   | 3.12         | %      |
|                                                                                                                                                                                                                            |   |   |                                                               |       |   |                   |       |       |                 |   |   |                                   |   |   |           |   |   |         |   |
| (1)                    Average balances are daily averages.                                                                                                                                                                     |
| (2)                    Securities available for sale are reported at amortized cost.                                                                                                                                            |
| (3)                    Loans include nonaccrual loans.                                                                                                                                                                          |
| (4)                    Interest and fees on loans includes fees of $1,277,000 and $788,000                    for                    the nine month periods ended September 30, 2005 and 2004,                    respectively. |

----

Table              of Contents

----

Table              of Contents

----

Table              of Contents

**ITEM          3. **
**DISCLOSURE**
**CONTROLS          AND PROCEDURES**

----

Table              of Contents

**PART          II. OTHER INFORMATION**

**ITEM          2.  UNREGISTERED SALES OF THE COMPANY’S COMMON          STOCK**

**REPURCHASES          OF THE COMPANY’S COMMON STOCK**

**ITEM          4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY          HOLDERS**

|                                                                                                                                                   | Number                    Shares | %                    of Shares Outstanding |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|--------------------------------------------|
| Agreement                    and Plan of MergerBetween                    First Capital Bancorp, Inc.and                    Flag Financial Corporation |                             |                                       |
|                                                                                                                                                   |                             |                                       |
| For                                                                                                                                                    | 3,622,376                        | 71.31                                      |
| Against                                                                                                                                                | 138,360                          | 2.72                                       |
| Abstain                                                                                                                                                | 1,589                            | .03                                        |
| Total                                                                                                                                                  | 3,762,325                        | 74.06                                      |

----

Table              of Contents

| **ITEM                    6.** | **EXHIBITS**                   |                                                                                                                                                                                                                                                                                                        |
|--------------------------------|--------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |                           |                                                                                                                                                                                                                                                                                                        |
|                           | Exhibit                    No. | Description                                                                                                                                                                                                                                                                                                 |
|                           |                           |                                                                                                                                                                                                                                                                                                        |
|                           | 10.10.2                        | 2005                    Amendment to Executive Supplemental Retirement Plan by and between                    First                    Capital Bank and Heber N. Padget, Jr., dated June 14,                    2005.                                                                                       |
|                           |                           |                                                                                                                                                                                                                                                                                                        |
|                           | 10.10.3                        | 2005                    Amendment to Executive Supplemental Retirement Plan by and between                    First                    Capital Bank and Steven G. Deaton, dated June 14, 2005.                                                                                                              |
|                           |                           |                                                                                                                                                                                                                                                                                                        |
|                           | 31.1                           | Certification                    by H.N. Padget, Jr., principal executive officer, pursuant to                    Section 302                    of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)                    Certification).                                                                       |
|                           |                           |                                                                                                                                                                                                                                                                                                        |
|                           | 31.2                           | Certification                    by William R. Blanton, principal financial officer, pursuant                    to Section                    302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)                    Certification).                                                                     |
|                           |                           |                                                                                                                                                                                                                                                                                                        |
|                           | 32.1                           | Certification                    by H.N. Padget, Jr., principal executive officer, and William                    R. Blanton,                    principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley                    Act of 2002 (Section 1350                    Certification). |

----

Table              of Contents

**SIGNATURES**

| Date:                  November 10, 2005 | By:                  /s/                  H. N. Padget, Jr.H.                  N. Padget, Jr.,President                  and Chief Executive Officer (principal executive                  officer)                                |
|------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                     |                                                                                                                                                                                                                               |
| Date:                  November 10, 2005 | By:                  /s/                  William R. BlantonWilliam                  R. Blanton,Vice                  Chairman, Chief Operating and Financial Officer(principal                  financial and accounting officer) |

----

Table            of Contents

**EXHIBIT        INDEX**

| **Exhibit                  Number** | **Description**                                                                                                                                                                                                                                                                                   |
|-------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                |                                                                                                                                                                                                                                                                                              |
|                                |                                                                                                                                                                                                                                                                                              |
| 10.10.2                             | 2005                  Amendment to Executive Supplemental Retirement Plan by and between                  First                  Capital Bank and Heber N. Padget, Jr., dated June 14,                  2005.                                                                                     |
|                                |                                                                                                                                                                                                                                                                                              |
| 10.10.3                             | 2005                  Amendment to Executive Supplemental Retirement Plan by and between                  First                  Capital Bank and Steven G. Deaton, dated June 14, 2005.                                                                                                          |
|                                |                                                                                                                                                                                                                                                                                              |
| 31.1                                | Certification                  by H.N. Padget, Jr., principal executive officer, pursuant to Section                  302                  of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)                  Certification).                                                                     |
|                                |                                                                                                                                                                                                                                                                                              |
| 31.2                                | Certification                  by William R. Blanton, principal financial officer, pursuant to                  Section                  302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a)                  Certification).                                                                   |
|                                |                                                                                                                                                                                                                                                                                              |
| 32.1                                | Certification                  by H.N. Padget, Jr., principal executive officer, and William R.                  Blanton,                  principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley                  Act of 2002 (Section 1350                  Certification). |