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 March 31, 2002

                                       OR

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

                        For the Transition Period from to

                         Commision file number 000-24139

                         Decatur First Bank Group, Inc.
                         ------------------------------
             (Exact name of registrant as specified in its charter)

            Georgia                                      58-2254289
     ------------------------                ----------------------------------
     (State of Incorporation)               (I.R.S. Employer Identification No.)

     1120 Commerce Drive
     Decatur, Georgia                                      30030
     ---------------------------------------            ----------
     (Address of principal executive offices)           (Zip Code)


                                   404-373-1000
                               (Telephone Number)


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

                                   YES XX   NO
                                      ----     ----

               Common stock, par value $5 per share 923,890 shares
                         outstanding as of  May 5, 2002

                  Transitional Small Business Disclosure Format
                                   (check one)
                              Yes         No  XX
                                  ----       ----


<PAGE>
<TABLE>
<CAPTION>
                                   DECATUR FIRST BANK GROUP, INC.

                                                INDEX

                                                                                Page No.
                                                                                --------
<S>                                                                             <C>
PART I         FINANCIAL INFORMATION

     Item 1.   Financial Statements

               Consolidated Balance Sheet (unaudited) at March 31, 2002                3

               Consolidated Statements of Earnings (unaudited) for the Three
                 Months Ended March 31, 2002 and 2001                                  4

               Consolidated Statements of Comprehensive Income (unaudited) for the
                 Three Months Ended March 31, 2002 and 2001                            5

               Consolidated Statements of Cash Flows (unaudited) for the Three
                 Months Ended March 31, 2002 and 2001                                  6

               Notes to Consolidated Financial Statements (unaudited)                  7

     Item 2.  Management's Discussion and Analysis of Financial Condition and
                 Results of Operations                                                 8

PART II.      OTHER INFORMATION

     Item 1.  Legal Proceedings                                                       10

     Item 2.  Changes in Securities                                                   10

     Item 3.  Defaults Upon Senior Securities                                         10

     Item 4.  Submission of Matters to a Vote of Security Holders                     10

     Item 5.  Other Information                                                       10

     Item 6.  Exhibits and Reports on Form 8-K                                        10
</TABLE>



This  Report  contains  statements  which  constitute forward-looking statements
within  the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of  the  Securities Exchange Act of 1934. These statements appear in a number of
places in this Report and include all statements regarding the intent, belief or
current  expectations of the Company, its directors or its officers with respect
to, among other things: (i) the Company's financing plans; (ii) trends affecting
the  Company's financial condition or results of operations; (iii) the Company's
growth  strategy and operating strategy; and (iv) the declaration and payment of
dividends.  Investors are cautioned that any such forward-looking statements are
not  guarantees  of  future performance and involve risks and uncertainties, and
that  actual  results  may  differ  materially  from  those  projected  in  the
forward-looking  statements  as a result of various factors discussed herein and
those  factors  discussed in detail in the Company's filings with the Securities
and  Exchange  Commission.


                                      -2-
<PAGE>
<TABLE>
<CAPTION>
                          PART I. FINANCIAL INFORMATION

Item  1.  Financial  Statements

                         DECATUR FIRST BANK GROUP, INC.
                           Consolidated Balance Sheet
                                 March 31, 2002
                                   (Unaudited)


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

Cash and due from banks                                       $ 4,131,131
Federal funds sold                                              5,036,000
                                                              ------------

        Cash and cash equivalents                               9,167,131

Interest-bearing deposits in banks                              2,599,509
Investment securities available-for-sale                       25,588,291
Loans, net                                                     40,978,226
Premises and equipment, net                                     2,490,843
Accrued interest receivable and other assets                    1,468,857
                                                              ------------

                                                              $82,292,857
                                                              ============


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

Liabilities:
    Deposits:
        Noninterest-bearing                                   $14,325,024
        Interest-bearing                                       48,635,377
                                                              ------------

Total deposits                                                 62,960,401

    Other borrowings                                            4,806,000
    FHLB Advances                                               5,000,000
    Accrued interest payable and other liabilities                449,205
                                                              ------------

        Total liabilities                                      73,215,606

Stockholders' equity:
    Preferred stock, no par value; 2,000,000 authorized;
        no shares issued and outstanding                                -
    Common stock, $5 par value; authorized
        10,000,000 shares; 944,316 shares issued                4,721,580
    Additional paid-in capital                                  4,689,120
    Accumulated deficit                                           166,831
    Treasury stock (20,500 shares), at cost                      (258,500)
    Accumulated other comprehensive income                       (241,780)
                                                              ------------

        Total stockholders' equity                              9,077,251
                                                              ------------

                                                              $82,292,857
                                                              ============

See accompanying notes to consolidated financial statements.
</TABLE>


                                      -3-
<PAGE>
<TABLE>
<CAPTION>
                         DECATUR FIRST BANK GROUP, INC.

                      Consolidated Statements of Earnings

               For the Three Months Ended March 31, 2002 and 2001
                                  (Unaudited)

                                                             2002       2001
                                                          ----------  ---------
<S>                                                       <C>         <C>
Interest income:
     Interest and fees on loans                           $  754,945    877,109
     Interest on investment securities                       315,354    384,256
     Other interest income                                    35,162    108,673
                                                          ----------  ---------

     Total interest income                                 1,105,461  1,370,038
                                                          ----------  ---------

Interest expense on deposits                                 232,849    564,920
Interest expense on borrowings                                95,608     73,440
                                                          ----------  ---------

     Total interest expense                                  328,457    638,360
                                                          ----------  ---------

     Net interest income                                     777,004    731,678

Provision for loan losses                                     75,000     25,000
                                                          ----------  ---------

     Net interest income after provision for loan losses     702,004    706,678
                                                          ----------  ---------

Other income:
     Service charges on deposit accounts                      90,550     68,057
     Gain on sales of securities                               9,412          -
     Other operating income                                   36,899     18,978
                                                          ----------  ---------

          Total other income                                 136,861     87,036
                                                          ----------  ---------

Other expense:
     Salaries and other personnel expense                    345,815    327,646
     Net occupancy and equipment expense                      69,522     83,364
     Other operating expense                                 250,299    232,362
                                                          ----------  ---------

          Total other expense                                665,635    643,372
                                                          ----------  ---------

          Earnings before income taxes                       173,229    150,342

Income tax expense                                            65,827     57,126
                                                          ----------  ---------

          Net earnings                                    $  107,402     93,216
                                                          ==========  =========

          Basic earnings per share                        $      .12        .10
                                                          ==========  =========

          Diluted earnings per share                      $      .11        .10
                                                          ==========  =========

See accompanying notes to consolidated financial statements.
</TABLE>


                                      -4-
<PAGE>
<TABLE>
<CAPTION>
                               DECATUR FIRST BANK GROUP, INC.

                        Consolidated Statements of Comprehensive Income

                      For the Three Months Ended March 31, 2002 and 2001
                                          (Unaudited)


                                                                              2002      2001
                                                                           ----------  -------
<S>                                                                        <C>         <C>
Net earnings                                                               $ 107,402    93,216
Other comprehensive income, net of tax:
  Unrealized gains (losses) on investment
    securities available-for-sale:
      Unrealized gains (losses) arising during the period, net of tax of    (185,901)  210,537
        $(113,939) and $129,039
      Realized gains during the period, net of tax of $3,577                  (5,835)        -
                                                                           ----------  -------

Other comprehensive income (loss)                                           (191,736)  210,537
                                                                           ----------  -------

Comprehensive income (loss)                                                $ (84,334)  303,753
                                                                           ==========  =======

See  accompanying  notes  to  consolidated  financial  statements.
</TABLE>


                                      -5-
<PAGE>
<TABLE>
<CAPTION>
                               DECATUR FIRST BANK GROUP, INC.
                            Consolidated Statements of Cash Flows
                      For the Three Months Ended March 31, 2002 and 2001
                                         (Unaudited)

                                                                       2002          2001
                                                                   ------------  ------------
<S>                                                                <C>           <C>
Cash flows from operating activities:
  Net earnings                                                     $   107,402        93,216
    Adjustments to reconcile net earnings to
      net cash provided by operating activities:
        Provision for loan losses                                       75,000        25,000
        Depreciation, amortization and accretion                        64,941        25,353
        Provision for stock awards                                       4,806         6,005
        Gain on sale of securities                                      (9,412)            -
        Change in other                                                (22,263)      (86,650)
                                                                   ------------  ------------

            Net cash provided by operating activities                  220,474        62,924
                                                                   ------------  ------------

Cash flows from investing activities:
  Net change in interest-bearing deposits                             (405,178)   (1,139,590)
  Proceeds from maturities and paydowns
    of investment securities available-for-sale                      2,997,417    11,030,000
  Proceeds from sales of investment securities available-for-sale    3,077,832             -
  Purchases of investment securities available-for-sale             (4,630,927)  (16,693,478)
  Net change in loans                                                  824,334       831,486
  Purchases of premises and equipment                                 (585,751)      (15,722)
                                                                   ------------  ------------

            Net cash used by investing activities                    1,277,727    (5,987,304)
                                                                   ------------  ------------

Cash flows from financing activities:
  Net change in deposits                                            (1,699,202)    8,118,807
  Net change in borrowings                                             156,000             -
  Purchase of treasury stock                                          (107,500)            -
                                                                   ------------  ------------

            Net cash provided by financing activities               (1,650,702)    8,118,807
                                                                   ------------  ------------

Net change in cash and cash equivalents                               (152,501)    2,194,427

Cash and cash equivalents at beginning of the period                 9,319,632    12,212,516
                                                                   ------------  ------------

Cash and cash equivalents at end of the period                     $ 9,167,131    14,406,943
                                                                   ============  ============

Noncash investing activities:
  Change in unrealized gain/loss on securities
    available-for-sale, net of tax                                 $  (191,736)      210,537

See  accompanying  notes  to  consolidated  financial  statements.
</TABLE>


                                      -6-
<PAGE>
                         DECATUR FIRST BANK GROUP, INC.
                   Notes to Consolidated Financial Statements
                                   (Unaudited)


(1)  Organization  and  Basis  of  Presentation
     ------------------------------------------
     Decatur  First Bank Group, Inc. (the Company), a bank holding company, owns
     100%  of  the  outstanding  common  stock of Decatur First Bank (the Bank),
     which  operates  in the Decatur, Georgia area. The Bank opened for business
     on  September  2,  1997.

     The  consolidated  financial statements include the accounts of the Company
     and  the  Bank.  All  intercompany  accounts  and  transactions  have  been
     eliminated  in  consolidation.

     The  interim financial statements included herein are unaudited but reflect
     all  adjustments  which,  in the opinion of management, are necessary for a
     fair  presentation  of the financial position and results of operations for
     the  interim  periods  presented.  All  such  adjustments  are  of a normal
     recurring nature. The results of operations for the periods ended March 31,
     2002  and  2001  are  not  necessarily  indicative of the results of a full
     year's  operations.

     The  accounting  principles  followed  by  the  Company  and the methods of
     applying  these  principles  conform  with  generally  accepted  accounting
     principles  (GAAP)  and with general practices within the banking industry.
     In  preparing  financial  statements in conformity with GAAP, management is
     required to make estimates and assumptions that affect the reported amounts
     in the financial statements. Actual results could differ significantly from
     those estimates. Material estimates common to the banking industry that are
     particularly  susceptible  to  significant change in the near term include,
     but  are  not  limited  to,  the  determinations  of the allowance for loan
     losses, the valuation of real estate acquired in connection with or in lieu
     of  foreclosure on loans, and valuation allowances associated with deferred
     tax  assets,  the  recognition of which are based on future taxable income.


                                      -7-
<PAGE>
Item  2.

                         DECATUR FIRST BANK GROUP, INC.

           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                            AND RESULTS OF OPERATIONS

               For the Three Months Ended March 31, 2002 and 2001

FINANCIAL  CONDITION

     Total  assets at March 31, 2002 were $82,293,000, representing a $1,728,000
(2%)  decrease  from  December 31, 2001. Deposits decreased $1,700,000 (3%) from
December  31, 2001. Loans decreased $899,000 (2%). The allowance for loan losses
at  March  31, 2002 totaled $566,000, representing 1.36% of total loans compared
to December 31, 2001 totals of $595,000, which represented 1.40% of total loans.
Cash  and  cash  equivalents  decreased  $153,000  from  December  31,  2001.

     There  were  no  related party loans which were considered nonperforming at
March  31,  2002.  As  of  March  31,  2002,  nonaccrual  loans totaled $198,000
compared  to  $446,000  as of December 31, 2001.  These amounts of nonperforming
assets  represent .2 percent of total assets at March 31, 2002 and .5 percent of
total  assets  at  December  31,  2002.

RESULTS  OF  OPERATIONS

     For  the  three months ended March 31, 2002, the Bank's net interest spread
was 3.66%, while net interest margin, which considers the effect of non-interest
bearing  deposits,  was  4.18%.

     Net income for the three months ended March 31, 2002 was $107,000, compared
to  net  income  of  $93,000  for  the same period for 2001. The increase in net
income  was  primarily  associated  with  an  increase  in  net  interest income
($45,000)  and  other  operating income ($50,000) partially offset by $22,000 in
additional  other  expenses.

     For  the  three  months  ended  March 31, 2002, the Bank's yield on earning
assets was 5.98% while the cost of funding sources was 2.32%. While net interest
spread  was  3.66%,  net  interest  margin,  which  considers  the  effect  of
non-interest  bearing  deposits, was 4.18%.  Net interest margin remained fairly
stable  compared  to  the  same  period  for  2001. Management monitors the rate
sensitivity  of earnings assets and interest-bearing liabilities over the entire
life  of  these  instruments,  but places particular emphasis on the first year.

     Other  income  increased $50,000 for the three months ended March 31, 2002,
compared  to  the  same  period for 2001. This increase was primarily associated
with  the  increases  in  mortgage  origination  fees  and  the gain on sales of
securities  in  2002.

     Other  expense increased $22,000 for the three months ended March 31, 2002,
compared to the same period for 2001, primarily due to an increase in the volume
of  business, which led to additional expense necessary to service new business.


                                      -8-
<PAGE>
CAPITAL

     The  following  tables  present  Decatur First Bank Group Inc.'s regulatory
     capital  position  at  March  31,  2002:

     Risk-Based  Capital  Ratios
     ---------------------------

     Tier 1 Tangible Capital, Actual                           16.08%
     Tier 1 Tangible Capital minimum requirement                4.00%
                                                               ------

     Excess                                                    12.08%
                                                               ======

     Total Capital, Actual                                     17.07%
     Total Capital minimum requirement                          8.00%
                                                               ------

     Excess                                                     9.07%
                                                               ======


     Leverage Ratio
     --------------

     Tier 1 Tangible Capital to adjusted total assets, Actual  11.43%
     Minimum leverage requirement                               4.00%
                                                               ------

     Excess                                                     7.43%
                                                               ======


                                      -9-
<PAGE>
                           PART II.  OTHER INFORMATION

                         DECATUR FIRST BANK GROUP, INC.


Item  1.     Legal  Proceedings
             ------------------
             None

Item  2.     Changes  in  Securities
             -----------------------
             None

Item  3.     Defaults  Upon  Senior  Securities
             ----------------------------------
             None

Item  4.     Submission  of  Matters  to  a  Vote  of  Security  Holders
             -----------------------------------------------------------
             (a)  The  2002  Annual Meeting of Shareholders was held on May 2,
                  2002.

             (b)  Election  of  Directors

                  The  following  directors  will  serve until the 2003 Annual
                  Meeting  of  Shareholders: Merriell Autrey, Jr., John Walter
                  Drake,  William  F.  Floyd,  Robert  E.  Lanier and Roger K.
                  Quillen.  The  following directors will serve until the 2004
                  Annual  Meeting  of Shareholders: James A. Baskett, Carol G.
                  Nickola,  James  T.  Smith,  III  and  Judy  B.  Turner.

                  The  following  are  the  results  of  the  votes  cast  by
                  shareholders  present  at  the  2002  Annual  Meeting  of
                  Shareholders,  by  proxy  or  in person, for the proposal to
                  elect the following directors to serve until the 2005 Annual
                  Meeting  of  Shareholders:

                                            For    Withhold
                                            ---    --------

                     John L. Adams, Jr.   580,042     600
                     Mary Bobbie Bailey   580,142     500
                     Lynn Pasqualetti     580,142     500
                     Kirby A. Thompson    580,142     500


Item  5.     Other  Information
             ------------------
             None

Item  6.     Exhibits  and  Reports  on  Form  8-K
             -------------------------------------
             None


                                      -10-
<PAGE>
                         DECATUR FIRST BANK GROUP, INC.

                                   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.

                                   DECATUR  FIRST  BANK  GROUP,  INC.



                                   By:  /s/  Judy  B.  Turner
                                        ---------------------------------------
                                        Judy  B.  Turner
                                        President, Chief Executive Officer and
                                        Principal  Accounting  Officer


                                   Date:  May 14, 2002
                                        ---------------------------------------


                                      -11-
<PAGE>