<PAGE>

               UNITED STATES 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, 2000
                                            ---------------------------

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

             For the transition period from __________ to __________

                        Commission File Number: 333-13583

                          First Georgia Community Corp.
    -------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

           Georgia                                       58-2261088
-------------------------------               ----------------------------------
(State or other jurisdiction of                        (IRS Employer
incorporation or organization)                       Identification No.)

                  150 Covington Street, Jackson, Georgia 30233
                  ---------------------------------------------
                    (Address of principal executive offices)

                                 (770) 504-1090
                         -------------------------------
                           (Issuer's telephone number)

                                       N/A
--------------------------------------------------------------------------------
 (Former name, former address and former fiscal year, if changed since last
  report)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports) and (2) has been
subject to such filing requirements for the past 90 days.
Yes    X         No
    -------          -------


State the number of shares outstanding of each of the issuer's classes of common
equity, as of November 1, 2000:  758,458; $5 par value

Transitional Small Business Disclosure Format   Yes              No    X
                                                    -------         -------

<PAGE>

                  FIRST GEORGIA COMMUNITY CORP. AND SUBSIDIARY


--------------------------------------------------------------------------------

                                      INDEX
                                      -----

<TABLE>
<CAPTION>
                                                                                                                        Page
                                                                                                                        ----
<S>               <C>                                                                                                   <C>
PART I.           FINANCIAL INFORMATION

                  Item 1.  Financial Statements

                     Consolidated Balance Sheet - September 30, 2000....................................................  3

                     Consolidated Statements of Income and Comprehensive Income -
                      Three Months Ended September 30, 2000 and 1999
                      and Nine Months Ended September 30, 2000 and 1999.................................................  4

                     Consolidated Statements of Cash Flows - Nine
                      Months Ended September 30, 2000 and 1999..........................................................  5

                     Notes to Consolidated Financial Statements.........................................................  6

                  Item 2.  Management's Discussion and Analysis of
                                Financial Condition and Results of Operations...........................................  7


PART II.          OTHER INFORMATION

                  Item 4 - Submission of Matters to a Vote of Security Holders.......................................... 13

                  Item 6 - Exhibits and Reports on Form 8-K............................................................. 13

                  Signatures............................................................................................ 14

</TABLE>

                                       2
<PAGE>

                        PART I - FINANCIAL INFORMATION
                             FINANCIAL STATEMENTS

                 FIRST GEORGIA COMMUNITY CORP. AND SUBSIDIARY

                          CONSOLIDATED BALANCE SHEET
                              SEPTEMBER 30, 2000
                                  (Unaudited)

<TABLE>
<S>                                                                  <C>
                                  Assets
                                  ------

Cash and due from banks                                              $          1,575,454
Federal funds sold                                                              5,070,000
Securities available-for-sale, at fair value                                    8,112,935
Loans held for sale                                                               468,971
Loans                                                                          56,053,347
Less allowance for loan losses                                                    866,973
                                                                     ---------------------
          Loans, net                                                           55,186,374
                                                                     ---------------------

Premises and equipment                                                          2,151,128
Other assets                                                                    2,694,183
                                                                     ---------------------

          Total assets                                               $         75,259,045
                                                                     =====================


                   Liabilities and Stockholders' Equity
                   ------------------------------------

Deposits
    Demand                                                           $          7,389,083
    Interest-bearing demand                                                    14,702,980
    Savings                                                                       851,000
    Time                                                                       37,782,289
                                                                     ---------------------
          Total deposits                                                       60,725,352
Other borrowings                                                                6,309,484
Other liabilities                                                                 495,574
                                                                     ---------------------
          Total liabilities                                                    67,530,410
                                                                     ---------------------

Commitments and contingent liabilities

Stockholders' equity
    Common stock, par value $5; 10,000,000 shares authorized;
       758,458 shares issued and outstanding                                    3,792,290
    Capital surplus                                                             3,754,816
    Retained earnings                                                             317,010
    Accumulated other comprehensive loss                                         (135,481)
                                                                     ---------------------
          Total stockholders' equity                                            7,728,635
                                                                     ---------------------

          Total liabilities and stockholders' equity                 $         75,259,045
                                                                     =====================
</TABLE>

See Notes to Consolidated Financial Statements.

                                       3
<PAGE>

                  FIRST GEORGIA COMMUNITY CORP. AND SUBSIDIARY

                        CONSOLIDATED STATEMENTS OF INCOME
                            AND COMPREHENSIVE INCOME
                THREE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
               AND NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                          Three Months Ended                               Nine Months Ended
                                                            September 30,                                    September 30,
                                             -----------------------------------------    ----------------------------------------

                                                   2000                     1999               2000                  1999
                                             -------------------    ------------------    ------------------    ------------------
<S>                                          <C>                    <C>                   <C>                  <C>
Interest income
    Loans                                    $        1,412,151     $         793,913     $       3,754,364         $   2,103,374
    Taxable securities                                  122,068               113,852               364,343               316,086
    Federal funds sold                                   84,683                53,478               175,611               130,615
                                             -------------------    ------------------    ------------------    ------------------
              Total interest income                   1,618,902               961,243             4,294,318             2,550,075
                                             -------------------    ------------------    ------------------    ------------------

Interest expense
    Deposits                                            756,251               436,171             1,958,182             1,131,052
    Other borrowings                                     79,642                15,209               180,581                15,209
                                             -------------------    ------------------    ------------------    ------------------
              Total interest expense                    835,893               451,380             2,138,763             1,146,261
                                             -------------------    ------------------    ------------------    ------------------

              Net interest income                       783,009               509,863             2,155,555             1,403,814
Provision for loan losses                                90,000                63,500               236,000               164,500
                                             -------------------    ------------------    ------------------    ------------------
              Net interest income after
                provision for loan losses               693,009               446,363             1,919,555             1,239,314
                                             -------------------    ------------------    ------------------    ------------------

Other operating income                                  120,673                73,766               326,799               186,456
                                             -------------------    ------------------    ------------------    ------------------

Other expenses
    Salaries and employee benefits                      238,196               188,504               709,106               547,041
    Occupancy and equipment expenses                     66,656                60,966               190,405               178,340
    Other operating expenses                            214,993               145,765               629,523               429,779
                                             -------------------    ------------------    ------------------    ------------------
              Total other expenses                      519,845               395,235             1,529,034             1,155,160
                                             -------------------    ------------------    ------------------    ------------------

              Net income before income taxes            293,837               124,894               717,320               270,610

Income tax expense                                       68,700                     0               163,400                     0
                                             -------------------    ------------------    ------------------    ------------------

              Net income                                225,137               124,894               553,920               270,610
                                             -------------------    ------------------    ------------------    ------------------

Other comprehensive income (loss):
    Unrealized gains (losses) on securities
      available-for-sale arising during period           69,965               (46,144)               77,980              (238,786)
                                             -------------------    ------------------    ------------------    ------------------

              Comprehensive income           $          295,102     $          78,750     $         631,900     $          31,824
                                             ===================    ==================    ==================    ==================

Basic and diluted earnings
  per common share                           $             0.30     $            0.16     $            0.73     $            0.36
                                             ===================    ==================    ==================    ==================

Weighted average shares outstanding                     758,458               758,458               758,458               758,458
                                             ===================    ==================    ==================    ==================

Cash dividends per common share              $                0     $               0     $               0     $               0
                                             ===================    ==================    ==================    ==================
</TABLE>

See Notes to Consolidated Financial Statements.

                                       4
<PAGE>
                  FIRST CEORGIA COMMUNITY CORP. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                 2000                         1999
                                                                        ------------------------    -------------------------
<S>                                                                     <C>                         <C>
OPERATING ACTIVITIES
    Net income                                                          $               553,920     $                270,610
    Adjustments to reconcile net income  to net cash
        provided by operating activities:
        Depreciation                                                                    100,682                       93,915
        Net increase in loans held for sale                                            (385,082)                           0
        Provision for loan losses                                                       236,000                      164,500
        Increase in interest receivable                                                (263,672)                    (131,786)
        Increase in interest payable                                                    102,439                       61,944
        Other operating activities                                                       38,961                       37,890
                                                                        ------------------------    -------------------------

              Net cash provided by operating activities                                 383,248                      497,073
                                                                        ------------------------    -------------------------

INVESTING ACTIVITIES
    Purchases of securities available-for-sale                                         (198,825)                  (3,060,000)
    Proceeds from maturities of securities available-for-sale                                 0                      505,042
    Net (increase) decrease in Federal funds sold                                    (2,680,000)                     590,000
    Net increase in loans                                                           (15,696,609)                 (10,289,800)
    Purchase of premises and equipment                                                  (55,426)                     (71,031)
                                                                        ------------------------    -------------------------

              Net cash used in investing activities                                 (18,630,860)                 (12,325,789)
                                                                        ------------------------    -------------------------

FINANCING ACTIVITIES
    Net increase in deposits                                                         12,539,331                   11,637,112
    Repayment of other borrowings                                                        (5,230)                           0
    Proceeds from other borrowings                                                    4,550,000                    1,750,000
                                                                        ------------------------    -------------------------

              Net cash provided by financing activities                              17,084,101                   13,387,112
                                                                        ------------------------    -------------------------

Net increase (decrease) in cash and due from banks                                   (1,163,511)                   1,558,396

Cash and due from banks, beginning of period                                          2,738,965                      675,969
                                                                        ------------------------    -------------------------

Cash and due from banks, end of period                                  $             1,575,454     $              2,234,365
                                                                        ========================    =========================

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

    Cash paid during period for interest                                $             2,036,324     $              1,084,317

NONCASH TRANSACTION
    Net unrealized (gains) losses on securities available-for-sale      $              (118,150)    $                238,786
</TABLE>

See Notes to Consolidated Financial Statements.

                                       5
<PAGE>

                  FIRST GEORGIA COMMUNITY CORP. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)




NOTE 1.   BASIS OF PRESENTATION

          The consolidated financial information for First Georgia Community
          Corp. (the "Company") included herein is unaudited; however, such
          information reflects all adjustments (consisting solely of normal
          recurring adjustments) which are, in the opinion of management,
          necessary for a fair statement of results for the interim period.

          The results of operations for the three and nine month periods ended
          September 30, 2000 are not necessarily indicative of the results to be
          expected for the full year.


NOTE 2.   CURRENT ACCOUNTING DEVELOPMENTS

          In June 1998, the Financial Accounting Standards Board issued SFAS No.
          133, "Accounting for Derivative Instruments and Hedging Activities".
          The effective date of this statement has been deferred by SFAS No. 137
          until fiscal years beginning after June 15, 2000. However, the
          statement permits early adoption as of the beginning of any fiscal
          quarter after its issuance. The Company expects to adopt this
          statement effective January 1, 2001. SFAS No. 133 requires the Company
          to recognize all derivatives as either assets or liabilities in the
          balance sheet at fair value. For derivatives that are not designated
          as hedges, the gain or loss must be recognized in earnings in the
          period of change. For derivatives that are designated as hedges,
          changes in the fair value of the hedged assets, liabilities, or firm
          commitments must be recognized in earnings or recognized in other
          comprehensive income until the hedged item is recognized in earnings,
          depending on the nature of the hedge. The ineffective portion of a
          derivative's change in fair value must be recognized in earnings
          immediately. Management has not yet determined what effect the
          adoption of SFAS No. 133 will have on the Company's earnings or
          financial position.

          There are no other accounting pronouncements that have had, or are
          expected to have, a material effect on the Company's financial
          statements.

                                       6
<PAGE>

Item 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS

          The following is management's discussion and analysis of certain
          significant factors which have affected the financial position and
          operating results of the Company and its bank subsidiary, First
          Georgia Community Bank (the "Bank"), during the periods included in
          the accompanying consolidated financial statements.

          SPECIAL CAUTIONARY NOTICE REGARDING FORWARD LOOKING STATEMENTS

          Certain of the statements made herein under the caption "Management's
          Discussion and Analysis of Financial Condition and Results of
          Operations" ("MD&A") are forward-looking statements for purposes of
          the Securities Act of 1933, as amended (the "Securities Act") and the
          Securities Exchange Act of 1934, as amended (the "Exchange Act"), and
          as such may involve known and unknown risks, uncertainties and other
          factors which may cause the actual results, performance or
          achievements of the Company to be materially different from future
          results, performance or achievements expressed or implied by such
          forward-looking statements. Such forward looking statements include
          statements using the words such as "may," "will," "anticipate,"
          "should," "would," "believe," "contemplate," "expect," "estimate,"
          "continue," "may," "intend," or other similar words and expressions of
          the future. Our actual results may differ significantly from the
          results we discuss in these forward-looking statements.

          These forward-looking statements involve risks and uncertainties and
          may not be realized due to a variety of factors, including, without
          limitation: the effects of future economic conditions; governmental
          monetary and fiscal policies, as well as legislative and regulatory
          changes; the risks of changes in interest rates on the level and
          composition of deposits, loan demand, and the values of loan
          collateral, securities, and other interest-sensitive assets and
          liabilities; interest rate risks; the effects of competition from
          other commercial banks, thrifts, mortgage banking firms, consumer
          finance companies, credit unions, securities brokerage firms,
          insurance companies, money market and other mutual funds and other
          financial institutions operating in the Company's market area and
          elsewhere, including institutions operating regionally, nationally,
          and internationally, together with such competitors offering banking
          products and services by mail, telephone, computer, and the Internet.

          Liquidity and Capital Resources

          As of September 30, 2000, the liquidity ratio of the Company, as
          determined under guidelines established by regulatory authorities, was
          satisfactory. Management considers the Company's liquidity to be
          adequate to meet operating and loan funding requirements. The
          liquidity ratio (i.e. cash, short-term assets and marketable assets
          divided by deposits and other borrowings) for the Company was
          approximately 19%. As the Company grows, management will continue to
          monitor liquidity and make adjustments as deemed necessary.

                                       7
<PAGE>

          At September 30, 2000, the capital ratios of the Company and the Bank
          were adequate based on regulatory minimum capital requirements. The
          minimum capital requirements and the actual capital ratios for the
          Company and the Bank are as follows:

<TABLE>
<CAPTION>
                                                       Actual
                                          --------------------------------
                                                First           First
                                               Georgia         Georgia         Regulatory
                                              Community       Community         Minimum
                                                Corp.            Bank         Requirement
                                            --------------  --------------  ---------------
<S>                                         <C>             <C>             <C>
         Leverage capital ratios                 10.89%           9.62%            4.00%
         Risk-based capital ratios:
            Core capital                         12.71           11.23             4.00
            Total capital                        13.96           12.48             8.00
</TABLE>

Financial Condition

Following is a summary of the Company's balance sheets for the periods
indicated:

<TABLE>
<CAPTION>
                                                     September 30,        December 31,
                                                         2000                  1999                 Increase (Decrease)
                                                   ------------------    -----------------    --------------------------------
                                                           (Dollars in Thousands)                 Amount           Percent
                                                   ---------------------------------------    --------------    --------------
<S>                                                <C>                   <C>                  <C>                  <C>
Cash and due from banks                            $           1,576     $          2,739     $      (1,163)        (42.48)%
Federal funds sold                                             5,070                2,390             2,680         112.13
Securities                                                     8,113                7,796               317           4.07
Loans, net                                                    55,186               39,726            15,460          38.92
Loans held for sale                                              469                   84               385         459.04
Premises and equipment                                         2,151                2,196               (45)         (2.06)
Other assets                                                   2,694                2,403               291          12.12
                                                   ------------------    -----------------    --------------
                                                   $          75,259     $         57,334     $      17,925          31.26
                                                   ==================    =================    ==============

Deposits                                           $          60,725     $         48,186     $      12,539          26.02%
Other borrowings                                               6,310                1,765             4,545         257.54
Other liabilities                                                495                  286               209          73.05
Stockholders' equity                                           7,729                7,097               632           8.90
                                                   ------------------    -----------------    --------------
                                                   $          75,259     $         57,334     $      17,925          31.26
                                                   ==================    =================    ==============
</TABLE>

As indicated in the above table, the Company's total assets grew at a rate of
31.26%. Deposit growth of $12,539,000 and increased other borrowings of
$4,545,000 were used to fund loan growth with the remainder invested primarily
in Federal funds sold. The Company is using other borrowings as an alternative
funding mechanism to deposits. The Company's loan to deposit ratio has increased
from 83.73% at December 31, 1999 to 92.31% at September 30, 2000, indicating
continued strong loan demand in the Company's primary market area of Butts
County. Stockholders' equity has increased by $632,000 due to net income of
$554,000 and decreases of $78,000 in unrealized losses on securities
available-for-sale.

                                       8
<PAGE>

Results of Operations for the Three Months Ended September 30, 2000 and 1999 and
for the Nine Months Ended September 30, 2000 and 1999

Following is a summary of the Company's operations for the periods indicated.

<TABLE>
<CAPTION>
                                                     Three Months Ended
                                               -------------------------------
                                                     2000             1999              Increase (Decrease)
                                               ---------------   -------------   ----------------------------------
                                                   (Dollars in Thousands)            Amount          Percent
                                               -------------------------------   ---------------   ----------------
<S>                                            <C>               <C>             <C>                      <C>
Interest income                                $        1,619    $        961    $          658           68.42 %
Interest expense                                          836             451               385           85.19
                                               ---------------   -------------   ---------------
Net interest income                                       783             510               273           53.57
Provision for loan losses                                  90              64                26           41.73
Other income                                              121              74                47           63.59
Other expense                                             520             395               125           31.53
                                               ---------------   -------------   ---------------
Pretax income                                             294             125               169          135.27
Income taxes                                               69               -                69               -
                                               ---------------   -------------   ---------------
Net income                                     $          225    $        125    $          100           80.26
                                               ===============   =============   ===============

<CAPTION>
                                                     Nine Months Ended
                                               -------------------------------
                                                     2000             1999              Increase (Decrease)
                                               ---------------   -------------   ----------------------------------
                                                   (Dollars in Thousands)            Amount          Percent
                                               -------------------------------   ---------------   ----------------
<S>                                            <C>               <C>             <C>                      <C>
Interest income                                $        4,294    $      2,550    $        1,744           68.40 %
Interest expense                                        2,139           1,146               993           86.59
                                               ---------------   -------------   ---------------
Net interest income                                     2,155           1,404               751           53.55
Provision for loan losses                                 236             165                71           43.47
Other income                                              327             186               141           75.27
Other expense                                           1,529           1,155               374           32.37
                                               ---------------   -------------   ---------------
Pretax income                                             717             270               447          165.07
Income taxes                                              163               -               163               -
                                               ---------------   -------------   ---------------
Net income                                     $          554    $        270    $          284          104.69
                                               ===============   =============   ===============
</TABLE>

As indicated in the above tables, the Company's net interest income has
increased by $273,000 and $751,000 for the third quarter and first nine months
of 2000 as compared to the same periods in 1999. The Company's net interest
margin increased to 4.77% during the first nine months of 2000 as compared to
4.66% for the first nine months of 1999 and 4.60% for the entire year of 1999.
The increase in net interest income and net interest margin is due primarily to
the increased volume of average loans. The Company has been able to offset
higher interest rates paid on deposits with higher yields earned on loans.

                                       9
<PAGE>

The provision for loan losses increased by $26,000 and $71,000 for the third
quarter and first nine months of 2000 as compared to the same periods in 1999.
The amounts provided are due primarily to loan growth and inherent risk in the
loan portfolio. The Company's allowance for loan losses as a percentage of total
loans amounted to 1.55% and 1.54% at September 30, 2000 and December 31, 1999,
respectively. The allowance for loan losses is maintained at a level that is
deemed appropriate by management to adequately cover all known and inherent
risks in the loan portfolio. Management's evaluation of the loan portfolio
includes a continuing review of loan loss experience, current economic
conditions which may affect the borrower's ability to repay, and the underlying
collateral value.

Information with respect to nonaccrual, past due, and restructured loans at
September 30, 2000 and 1999 is as follows:

<TABLE>
<CAPTION>
                                                                                                  September 30,
                                                                                        ----------------------------------
                                                                                            2000                 1999
                                                                                        ----------------------------------
                                                                                             (Dollars in Thousands)
                                                                                        ----------------------------------
<S>                                                                                     <C>               <C>
Nonaccrual loans                                                                        $          69     $             0
Loans contractually past due ninety days or more as to interest
   or principal payments and still accruing                                                         0                   5
Restructured loans                                                                                  0                   0
Loans, now current about which there are serious doubts as to the
   ability of the borrower to comply with loan repayment terms                                      0                   0
Interest income that would have been recorded on nonaccrual
   and restructured loans under original terms                                                      1                   0
Interest income that was recorded on nonaccrual and restructured loans                              0                   0
</TABLE>


It is the policy of the Bank to discontinue the accrual of interest income when,
in the opinion of management, collection of such interest becomes doubtful. This
status is accorded such interest when (1) there is a significant deterioration
in the financial condition of the borrower and full repayment of principal and
interest is not expected and (2) the principal or interest is more than ninety
days past due, unless the loan is both well-secured and in the process of
collection.

Loans classified for regulatory purposes as loss, doubtful, substandard, or
special mention that have not been included in the table above do not represent
or result from trends or uncertainties which management reasonably expects will
materially impact future operating results, liquidity or capital resources.
These classified loans do not represent material credits about which management
is aware of any information which causes management to have serious doubts as to
the ability of such borrowers to comply with the loan repayment terms.

                                       10
<PAGE>

Information regarding certain loans and allowance for loan loss data through
September 30, 2000 and 1999 is as follows:

<TABLE>
<CAPTION>
                                                                                            Nine Months Ended
                                                                                              September 30,
                                                                                    ----------------------------------
                                                                                         2000                1999
                                                                                    ---------------   ----------------
                                                                                         (Dollars in Thousands)
                                                                                    ----------------------------------
<S>                                                                                 <C>               <C>
Average amount of loans outstanding                                                 $       48,332    $        29,451
                                                                                    ===============   ================

Balance of allowance for loan losses at beginning of period                         $          620    $           434
                                                                                    ---------------   ----------------

Loans charged off
   Commercial and financial                                                         $            -    $             -
   Real estate mortgage                                                                          -                  -
   Instalment                                                                                    1                  3
                                                                                    ---------------   ----------------
                                                                                                 1                  3
                                                                                    ---------------   ----------------

Loans recovered
   Commercial and financial                                                                      -                  -
   Real estate mortgage                                                                          -                  -
   Instalment                                                                                   12                  1
                                                                                    ---------------   ----------------
                                                                                                12                  1
                                                                                    ---------------   ----------------

Net charge-offs (recoveries)                                                                   (11)                 2
                                                                                    ---------------   ----------------

Additions to allowance charged to operating expense during period                              236                165
                                                                                    ---------------   ----------------

Balance of allowance for loan losses at end of period                               $          867    $           597
                                                                                    ===============   ================

Ratio of net loans charged off during the period to
   average loans outstanding                                                                (.02)%               .01%
                                                                                    ===============   ================
</TABLE>

Other income increased by $47,000 and $141,000 for the third quarter and first
nine months of 2000 as compared to the same periods in 1999 due primarily to
increases in service charges on deposit accounts and income associated with the
increase in cash surrender value of life insurance policies on directors and
executive officers.

Other expenses have increased by $125,000 and $374,000 for the third quarter and
first nine months of 2000 as compared to the same periods in 1999. Increased
salaries and employee benefits and increased other operating expenses accounted
for the majority of the increases. Salaries and employee benefits have increased
due to an increase in the number of full time equivalent employees to 22 at
September 30, 2000 from 16 at September 30, 1999 and to normal salary increases.
Increased deferred compensation expense and overall deposit and asset growth
have caused the increases in other operating expenses.

The Company recorded income tax provisions of $69,000 and $163,000 for the third
quarter and first nine months of 2000 due to the Company becoming cumulatively
profitable in the second quarter of 2000 and the complete utilization of its net
operating loss carryover.

                                       11
<PAGE>

The Company is not aware of any known trends, events or uncertainties, other
than the effect of events as described above, that will have or are reasonably
likely to have a material effect on its liquidity, capital resources or
operations. The Company is also not aware of any current recommendations by the
regulatory authorities which, if they were implemented, would have such an
effect.

                                       12
<PAGE>

                           PART II - OTHER INFORMATION




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

         None.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

         (a)     Exhibits.

                 27.  Financial Data Schedule (for SEC use only).

         (b)     Reports on Form 8-K.

                 None.

                                       13
<PAGE>

                                   SIGNATURES



          In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.


                                FIRST GEORGIA COMMUNITY CORP.
                                     (Registrant)



DATE:  November 10, 2000        BY:  /s/ John L. Coleman
       -------------------           ----------------------------------
                                John L. Coleman, President and C.E.O.
                                     (Principal Executive Officer)


DATE:  November 10, 2000        BY:  /s/ Elaine S. Kendrick
       -------------------           ----------------------------------
                                Elaine S. Kendrick, Secretary and Treasurer
                                    (Principal Financial and Accounting Officer)

                                       14