<PAGE>

                     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      June 30, 2002
                                            ----------------------

[   ]   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 August 1, 2002: 925,708; $5 par value

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

<PAGE>

                  FIRST GEORGIA COMMUNITY CORP. AND SUBSIDIARY
<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------
                                      INDEX
                                      -----

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

                  Item 1.  Financial Statements

                     Consolidated Balance Sheet - June 30, 2002 ........................................................  3

                     Consolidated Statements of Income and Comprehensive Income
                      - Three Months Ended June 30, 2002 and 2001
                        and Six Months Ended June 30, 2002 and 2001 ....................................................  4

                     Consolidated Statements of Cash Flows - Six
                      Months Ended June 30, 2002 and 2001 ..............................................................  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 ......................................... 14

                  Item 6 - Exhibits and Reports on Form 8-K ............................................................ 14

                  Signatures ........................................................................................... 15

</TABLE>


<PAGE>


                         PART I - FINANCIAL INFORMATION
                              FINANCIAL STATEMENTS

                  FIRST GEORGIA COMMUNITY CORP. AND SUBSIDIARY

                           CONSOLIDATED BALANCE SHEET

                                 June 30, 2002
                                  (Unaudited)

                                  Assets
                                  ------

Cash and due from banks                                             $  2,532,174
Interest-bearing deposits in banks                                     1,212,510
Federal funds sold                                                     4,999,000
Securities available-for-sale, at fair value                          17,075,009
Restricted equity securities, at cost                                    640,000
Loans held for sale                                                      174,321

Loans                                                                103,042,615
Less allowance for loan losses                                         1,588,226
                                                                    ------------
       Loans, net                                                    101,454,389

Premises and equipment                                                 2,371,714
Other assets                                                           3,680,685
                                                                    ------------

       Total assets                                                 $134,139,802
                                                                    ============


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

Deposits

   Noninterest-bearing                                              $  8,219,917
   Interest-bearing                                                  100,416,831
                                                                    ------------
       Total deposits                                                108,636,748
Other borrowings                                                      12,800,000
Other liabilities                                                        797,423
                                                                    ------------
       Total liabilities                                             122,234,171
                                                                    ------------

Commitments and contingencies

Stockholders' equity

   Common stock, par value $5; 10,000,000 shares authorized;
     925,708 shares issued and outstanding                             4,628,540
   Capital surplus                                                     5,090,442
   Retained earnings                                                   2,014,953
   Accumulated other comprehensive income                                171,696
                                                                    ------------
       Total stockholders' equity                                     11,905,631
                                                                    ------------

       Total liabilities and stockholders' equity                   $134,139,802
                                                                    ============

                 See Notes to Consolidated Financial Statements.


                                       3

<PAGE>

<TABLE>
<CAPTION>

                                      FIRST GEORGIA COMMUNITY CORP. AND SUBSIDIARY

                                            CONSOLIDATED STATEMENTS OF INCOME
                                                AND COMPREHENSIVE INCOME
                                        THREE MONTHS ENDED JUNE 30, 2002 AND 2001

                                        AND SIX MONTHS ENDED JUNE 30, 2002 AND 2001

                                                        (Unaudited)

                                            Three  Months  Ended        Six  Months Ended
                                                  June  30,                  June 30,
                                           ----------------------      --------------------
                                              2002        2001          2002        2001
                                           -----------   --------      --------------------
<S>                                         <C>          <C>          <C>         <C>

Interest income

    Loans                                 $1,944,171   $1,891,737   $3,655,490   $3,678,453
    Taxable securities                       213,941      132,514      431,664      248,783
    Nontaxable securities                     19,421        6,545       35,881       15,739
    Deposits in banks                          5,092         --         11,422
    Federal funds sold                        14,848       81,695       36,859      183,931
                                          ----------   ----------   ----------   ----------
         Total interest income             2,197,473    2,112,491    4,171,316    4,126,906
                                          ----------   ----------   ----------   ----------


Interest expense

    Deposits                                 775,894    1,033,798    1,549,527    2,018,888
    Other borrowings                         183,705      133,261      369,625      272,138
                                          ----------   ----------   ----------   ----------
         Total interest expense              959,599    1,167,059    1,919,152    2,291,026
                                          ----------   ----------   ----------   ----------


         Net interest income               1,237,874      945,432    2,252,164    1,835,880
Provision for loan losses                    164,000      111,000      254,000      251,000
                                          ----------   ----------   ----------   ----------
         Net interest income after
           provision for loan losses       1,073,874      834,432    1,998,164    1,584,880
                                          ----------   ----------   ----------   ----------
Other income
    Service charges on deposit accounts       94,940       77,269      178,512      149,088
    Other operating income                    49,478       51,864      109,339      104,262
                                          ----------   ----------   ----------   ----------
         Total other income                  144,418      129,133      287,851      253,350
                                          ----------   ----------   ----------   ----------
Other expenses

   Salaries and employee benefits            389,953      339,330      793,149      653,448
   Occupancy and equipment expenses           86,095       81,115      173,115      154,195
   Other operating expenses                  301,164      239,679      555,814      465,712
                                          ----------   ----------   ----------   ----------
         Total other expenses                777,212      660,124    1,522,078    1,273,355
                                          ----------   ----------   ----------   ----------

Income before income taxes                   441,080      303,441      763,937      564,875

Income tax expense                           149,050      123,600      261,450      228,900
                                          ----------   ----------   ----------   ----------
          Net income                         292,030      179,841      502,487      335,975
                                          ----------   ----------   ----------   ----------


Other comprehensive income:
   Unrealized gains on securities
      available-for-sale arising
      during period, net of tax              233,191          436      174,193       55,802
                                          ----------   ----------   ----------   ----------
           Comprehensive income           $  525,221   $  180,277   $  676,680   $  391,777
                                          ==========   ==========   ==========   ==========
Basic earnings per share                  $     0.32   $     0.24   $     0.59   $     0.44
                                          ==========   ==========   ==========   ==========

Diluted earnings per share                $     0.32   $     0.24   $     0.58   $     0.44
                                          ==========   ==========   ==========   ==========

Cash dividends per share                  $     --     $     --     $     --     $     --
                                          ==========   ==========   ==========   ==========
</TABLE>


                See Notes to Consolidated Financial Statements.


                                       4

<PAGE>

                  FIRST GEORGIA COMMUNITY CORP. AND SUBSIDIARY

                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                    SIX MONTHS ENDED JUNE 30, 2002 AND 2001
                                  (Unaudited)
<TABLE>
<CAPTION>

                                                                       2002                        2001
                                                                 ----------------           ----------------
<S>                                                              <C>                        <C>
OPERATING ACTIVITIES
  Net income                                                     $       502,487            $       335,975
  Adjustments to reconcile net income to net cash
    provided by operating activities:
    Depreciation                                                          91,137                     77,542
    Net (increase) decrease in loans held for sale                       128,222                  (177,919)
    Provision for loan losses                                            254,000                    251,000
    Increase in interest receivable                                    (115,185)                  (184,259)
    Increase (decrease) in interest payable                             (63,467)                    149,682
    Net other operating activities                                      (91,272)                  (430,066)
                                                                 ----------------           ----------------
      Net cash provided by operating activities                          705,922                     21,955
                                                                 ----------------           ----------------

INVESTING ACTIVITIES
  Net increase in interest-bearing deposits in banks                   (138,007)                       (38)
  Purchases of securities available-for-sale                         (2,501,393)                (7,869,630)
  Proceeds from maturities of securities available-for-sale            1,693,159                  6,096,324
  Net increase in federal funds sold                                 (1,917,000)                (6,443,000)
  Net increase in loans                                             (15,077,285)               (14,666,827)
  Purchase of premises and equipment                                    (90,322)                   (29,127)
                                                                 ----------------           ----------------
      Net cash used in investing activities                         (18,030,848)               (22,912,298)
                                                                 ----------------           ----------------

FINANCING ACTIVITIES
  Net increase in deposits                                            15,897,380                 20,763,299
  Repayment of other borrowings                                        (500,000)                    (4,085)
  Proceeds from other borrowings                                               -                  3,000,000
  Proceeds from exercise of stock options                              2,042,700                          -
                                                                 ----------------           ----------------
      Net cash provided by financing activities                       17,440,080                 23,759,214
                                                                 ----------------           ----------------
Net increase in cash and due from banks                                  115,154                    868,871

Cash and due from banks, beginning of period                           2,417,020                  1,432,969
                                                                 ----------------           ----------------
Cash and due from banks, end of period                           $     2,532,174            $     2,301,840
                                                                 ================           ================

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

  Cash paid for:
      Interest                                                   $     1,982,619            $     2,141,344

      Income taxes                                               $       384,312            $       582,305

</TABLE>
                See Notes to Consolidated Financial Statements.


<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 six month periods
                   ended June 30, 2002 are not necessarily indicative of the
                   results to be expected for the full year.

NOTE 2.  CURRENT ACCOUNTING DEVELOPMENTS

                   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
First Georgia Community Corp. and its bank subsidiary, First Georgia Community
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 First Georgia Community Corp. 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 our 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.

Critical Accounting Policies

We have adopted various accounting policies which govern the application of
accounting principles generally accepted in the United States of America in the
preparation of our financial statements. Our significant accounting policies are
described in the footnotes to the consolidated financial statements at December
31, 2001 as filed on our annual report on Form 10-KSB.

Certain accounting policies involve significant judgments and assumptions by us
which have a material impact on the carrying value of certain assets and
liabilities. We consider these accounting policies to be critical accounting
policies. The judgments and assumptions we use are based on historical
experience and other factors, which we believe to be reasonable under the
circumstances. Because of the nature of the judgments and assumptions we make,
actual results could differ from these judgments and estimates which could have
a material impact on our carrying values of assets and liabilities and our
results of operations.

We believe the allowance for loan losses is a critical accounting policy that
requires the most significant judgments and estimates used in preparation of our
consolidated financial statements. Refer to the portion of this discussion that
addresses our allowance for loan losses for a description of our processes and
methodology for determining our allowance for loan losses.



                                       7

<PAGE>

Liquidity and Capital Resources

As of June 30, 2002, our liquidity ratio, as determined under guidelines
established by regulatory authorities, was satisfactory. We consider our
liquidity to be adequate to meet operating and loan funding requirements. Our
liquidity ratio (i.e. cash, short-term assets and marketable assets divided by
deposits and other borrowings) was approximately 16%. As we grow, we will
continue to monitor liquidity and make adjustments as deemed necessary.

As our loan demand has continued to increase, we have used brokered deposits as
a funding source. Total brokered deposits amounted to $20.1 million as of June
30, 2002. These deposits are readily obtainable at rates not significantly
different from rates that we pay on deposits in our local market.

At June 30, 2002, our capital ratios were adequate based on regulatory minimum
capital requirements. The minimum capital requirements and the actual capital
ratios on a consolidated and bank-only basis are as follows:
<TABLE>
<CAPTION>

                                                 Actual
                                 ----------------------------------
                                                                         Minimum
                                                                       Regulatory
                                    Consolidated         Bank          Requirement
                                   ----------------  --------------   -------------
<S>                                   <C>              <C>                <C>

    Leverage capital ratios              8.98%            8.10%             4.00%
    Risk-based capital ratios:
       Core capital                     10.33             9.32              4.00
       Total capital                    11.58            10.57              8.00
</TABLE>

Off-Balance Sheet Risk

We are a party to financial instruments with off-balance sheet risk in the
normal course of business to meet the financing needs of our customers. These
financial instruments include commitments to extend credit and standby letters
of credit. Such commitments involve, to varying degrees, elements of credit risk
and interest rate risk in excess of the amount recognized in the balance sheets.

Our exposure to credit loss in the event of nonperformance by the other party to
the financial instrument for commitments to extend credit and standby letters of
credit is represented by the contractual amount of those instruments. We use the
same credit policies in making commitments and conditional obligations as we do
for on-balance sheet instruments. A summary of our commitments is as follows:
<TABLE>
<CAPTION>

                                                          June 30,
                                                             2002
                                                   ---------------------
<S>                                                    <C>
    Commitments to extend credit                        $ 11,303,000
    Letters of credit                                         90,000
                                                   ---------------------
                                                        $ 11,393,000
                                                   =====================
</TABLE>

Commitments to extend credit are agreements to lend to a customer as long as
there is no violation of any condition established in the contract. Since many
of the commitments are expected to expire without being drawn upon, the total
commitment amounts do not necessarily represent future cash requirements. The
amount of collateral obtained, if deemed necessary by us upon extension of
credit, is based on our credit evaluation of the customer.



                                       8

<PAGE>

Standby letters of credit are conditional commitments issued by us to guarantee
the performance of a customer to a third party. Those letters of credit are
primarily issued to support public and private borrowing arrangements. The
credit risk involved in issuing letters of credit is essentially the same as
that involved in extending loans to customers. Collateral is required in
instances which we deem necessary.

Financial Condition

Following is a summary of our balance sheets for the periods indicated:
<TABLE>
<CAPTION>

                                                      June 30,           December 31,
                                                        2002                 2001
                                                   ----------------    -----------------
                                                          (Dollars in Thousands)
                                                   -------------------------------------
<S>                                                <C>                 <C>
Cash and due from banks                            $     2,532           $   2,417
Interest-bearing deposits in banks                       1,213               1,075
Federal funds sold                                       4,999               3,082
Securities                                              17,715              16,626
Loans, net                                             101,454              86,631
Loans held for sale                                        174                 303
Premises and equipment                                   2,372               2,372
Other assets                                             3,681               3,405
                                                   ------------          -----------
                                                   $   134,140           $ 115,911
                                                   ============          ===========

Deposits                                           $   108,637           $  92,739
Other borrowings                                        12,800              13,300
Other liabilities                                          797                 787
Stockholders' equity                                    11,906               9,085
                                                   ------------          -----------
                                                   $   134,140           $ 115,911
                                                   ============          ===========
</TABLE>

Our assets increased by 16% during the first six months of 2002. Deposit growth
of $15.9 million and proceeds from the exercise of stock options of $2.0 million
were used to fund loan growth with the remainder invested primarily in federal
funds sold and securities. Also, a $500,000 line of credit at the holding
company level was repaid. Our loan to deposit ratio has remained in the 95%
range indicating continued strong loan demand in our primary market area of
Butts County and surrounding counties. Our total equity has increased by
year-to-date net income of $502,000, proceeds from the exercise of stock options
of $2.0 million, income tax benefits associated with the exercise of the stock
options of $101,000, and increased unrealized gains on securities
available-for-sale, net of tax, of $174,000.


                                       9

<PAGE>

Results of Operations For The Three Months Ended June 30, 2002 and 2001 and for
the Six Months Ended June 30, 2002 and 2001

Following is a summary of our operations for the periods indicated.

                                                   Three Months Ended
                                                        June 30,
                                            ----------------------------------
                                                   2002               2001
                                            ----------------    --------------
                                                 (Dollars in Thousands)
                                            ----------------------------------

Interest income                             $         2,198     $       2,112
Interest expense                                        960             1,167
                                            ----------------    --------------
Net interest income                                   1,238               945
Provision for loan losses                               164               111
Other income                                            144               129
Other expense                                           777               660
                                            ----------------    --------------
Pretax income                                           441               303
Income taxes                                            149               124
                                            ----------------    --------------
Net income                                  $           292     $         179
                                            ================    ==============


                                                    Six Months Ended
                                                        June 30,
                                            ----------------------------------
                                                   2002               2001
                                            ----------------    --------------
                                                 (Dollars in Thousands)
                                            ----------------------------------

Interest income                             $         4,171     $       4,127
Interest expense                                      1,919             2,291
                                            ----------------    --------------
Net interest income                                   2,252             1,836
Provision for loan losses                               254               251
Other income                                            288               253
Other expense                                         1,522             1,273
                                            ----------------    --------------
Pretax income                                           764               565
Income taxes                                            262               229
                                            ----------------    --------------
Net income                                  $           502     $         336
                                            ================    ==============

Our net interest income has increased by $293,000 and $416,000 for the second
quarter and first six months of 2002, respectively, as compared to the same
periods in 2001. Our net interest margin decreased to 3.77% during the first six
months of 2002 as compared to 4.06% for the first six months of 2001 and 3.93%
for the entire year of 2001. The increase in net interest income is due
primarily to the increased volume of average loans. The decrease in net interest
margin is due to the decrease in yields on loans that have decreased to 7.59% in
the first six months of 2002 as compared to 10.06% in the first six months of
2001. The cost of funds has decreased as well as deposits have been able to be
repriced as they have matured. Our cost of funds decreased to 3.60% in the first
six months of 2002 as compared to 5.86% in the first six months of 2001.


                                       10

<PAGE>

The provision for loan losses increased by $53,000 and $3,000 in the second
quarter and first six months of 2002, respectively, when compared to the same
periods in 2001. The amounts provided are due primarily to loan growth and our
assessment of the inherent risk in the loan portfolio. The allowance for loan
losses as a percentage of total loans was 1.54% at June 30, 2002 and December
31, 2001. Net charge offs for the first six months of 2002 were $18,000 as
compared to $10,000 in 2001. As of June 30, 2002, we had one nonperforming loan
of $1.3 million and one loan past due greater than ninety days and still
accruing interest of $1.5 million. We do not believe the increase in
nonperforming and past due loans in comparison to prior periods to be an
indication of a negative trend in the credit quality of our loan portfolio.
Based upon our evaluation of the loan portfolio, we believe the allowance for
loan losses to be adequate to absorb losses on existing loans that may become
uncollectible. Our evaluation considers significant factors relative to the
credit risk and loss exposure in the loan portfolio, including past due and
classified loans, historical experience, underlying collateral values, and
current economic conditions that may affect the borrower's ability to repay. The
allowance for loan losses is evaluated by segmenting the loan portfolio into
unclassified and classified loans. An allowance percentage is applied to the
unclassified loans to establish a general allowance for loan losses. The
allowance percentage is determined based upon our experience specifically and
the historical experience of the banking industry generally. The classified
loans, including impaired loans, are analyzed individually in order to establish
a specific allowance for loan losses.

Information with respect to nonaccrual, past due, and restructured loans at June
30, 2002 and 2001 is as follows:

<TABLE>
<CAPTION>
                                                                                         June 30,
                                                                           -------------------------------------
                                                                                2002                   2001
                                                                           -------------------------------------
                                                                                  (Dollars in Thousands)
                                                                           -------------------------------------
<S>                                                                             <C>                    <C>
Nonaccrual loans                                                                $    1,300              $     0
Loans contractually past due ninety days or more as to interest
   or principal payments and still accruing                                          1,509                  299
Restructured loans                                                                       0                    0
Potential problem loans                                                                 13                    0
Interest income that would have been recorded on nonaccrual
   and restructured loans under original terms                                          53                    0
Interest income that was recorded on nonaccrual and restructured loans                   0                    0
</TABLE>


Potential problem loans are defined as loans about which we have serious doubts
as to the ability of the borrower to comply with the present loan repayment
terms and which may cause the loan to be placed on nonaccrual status, to become
past due more than ninety days, or to be restructured.

It is our policy to discontinue the accrual of interest income when, in the
opinion of management, collection of interest becomes doubtful. This status is
accorded 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.


                                       11

<PAGE>

Information regarding certain loans and allowance for loan loss data through
June 30, 2002 and 2001 is as follows:

<TABLE>
<CAPTION>
                                                                                Six Months Ended
                                                                                    June 30,
                                                                        ----------------------------------
                                                                             2002                2001
                                                                        ---------------   ----------------
                                                                             (Dollars in Thousands)
                                                                        ----------------------------------
<S>                                                                     <C>               <C>
Average amount of loans outstanding                                     $      96,359     $        73,126
                                                                        ===============   ================

Balance of allowance for loan losses at beginning of period             $       1,352     $           967
                                                                        ---------------   ----------------

Loans charged off
   Commercial and financial                                             $           -     $             -
   Real estate mortgage                                                             -                   -
   Installment                                                                     23                  12
                                                                        ---------------   ----------------
                                                                                   23                  12
                                                                        ---------------   ----------------

Loans recovered
   Commercial and financial                                                         -                   -
   Real estate mortgage                                                             -                   -
   Installment                                                                      5                   2
                                                                        ---------------   ----------------
                                                                                    5                   2
                                                                        ---------------   ----------------

Net charge-offs                                                                    18                  10
                                                                        ---------------   ----------------

Additions to allowance charged to operating expense during period                 254                 251
                                                                        ---------------   ----------------

Balance of allowance for loan losses at end of period                   $       1,588     $         1,208
                                                                        ===============   ================

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


Other income increased by $15,000 and $35,000 for the second quarter and first
six months of 2002, respectively, as compared to the same periods in 2001 due
primarily to increases in service charges on deposit accounts.



                                       12

<PAGE>

Other expenses have increased by $117,000 and $249,000 for the second quarter
and first six months of 2002, respectively, as compared to the same periods in
2001. 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 31 at June 30, 2002 from 26 at June 30, 2001 and to other annual
salary increases. Overall deposit and asset growth have caused the increases in
other operating expenses.

We have provided for income taxes at an effective rate of 34% and 40% including
state income taxes for the first six months of 2002 and 2001, respectively.

We are 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 our liquidity, capital resources or operations. We are
also not aware of any current recommendations by the regulatory authorities
which, if they were implemented, would have such an effect.



                                       13

<PAGE>

                           PART II - OTHER INFORMATION

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

                  (a)     The annual meeting of the stockholders of the Company
                          was held on April 25, 2002.

                  (b)     The following directors were selected at the meeting
                          to serve terms for the upcoming year:

                          Richard Ballard                     Joey McClelland
                          Charles W. Carter                   Alexander Pollack
                          John L. Coleman                     Robert Ryan
                          Alfred D. Fears, Jr.                James H. Warren
                          William B. Jones                    George L. Weaver
                          Harry Lewis

                  (c)     Mauldin & Jenkins, LLC was approved as the Company's
                          certified public accountants.

                          The shares represented at the meeting (413,961 or
                          54.42%) voted as follows:

                                                Item (b)            Item (c)
                                                  # of                # of
                                                 Shares              Shares

                          For                    413,261            413,201
                          Against                     --                200
                          Abstained                  700                560
                                               ---------          ---------

                          Total                  413,961            413,961
                                                 =======            =======


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

                  (a)     Exhibits.

                          99.1   Certification Pursuant to 18 U.S.C. Section
                                 1350, as Adopted Pursuant to Section 906 of the
                                 Sarbanes-Oxley Act of 2002

                          99.2   Certification Pursuant to 18 U.S.C. Section
                                 1350, as Adopted Pursuant to Section 906 of the
                                 Sarbanes-Oxley Act of 2002

                  (b)     Reports on Form 8-K.

                          None.



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<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:  August 12, 2002          BY:  /s/ John L. Coleman
       ---------------               -------------------------------------------
                                         John L. Coleman, President and C.E.O.
                                              (Principal Executive Officer)


DATE:  August 12, 2002          BY:  /s/ Elaine S. Kendrick
       ---------------               -------------------------------------------
                                         Elaine S. Kendrick, Secretary and
                                              Treasurer (Principal Financial
                                              and Accounting Officer)


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