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, 2003

                                       OR

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

                        For the Transition Period from to

                         Commission file number 000-24139

                         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 924,323 shares
                         outstanding as of May 10, 2003

                  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, 2003                   3

             Consolidated Statements of Earnings (unaudited) for the Three
               Months Ended March 31, 2003 and 2002                                     4

             Consolidated Statements of Comprehensive Income (unaudited) for the
               Three Months Ended March 31, 2003 and 2002                               5

             Consolidated Statements of Cash Flows (unaudited) for the Three
               Months Ended March 31, 2003 and 2002                                     6

             Notes to Consolidated Financial Statements (unaudited)                     7

    Item 2.  Management's Discussion and Analysis of Financial Condition and
             Results of Operations                                                      9

    Item 3.  Controls and Procedures                                                   14


PART II.     OTHER INFORMATION

    Item 1.  Legal Proceedings                                                         15

    Item 2.  Changes in Securities and Use of Proceeds                                 15

    Item 3.  Defaults Upon Senior Securities                                           15

    Item 4.  Submission of Matters to a Vote of Security Holders                       15

    Item 5.  Other Information                                                         15

    Item 6.  Exhibits and Reports on Form 8-K                                          15
</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>
                         PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

<TABLE>
<CAPTION>


                         DECATUR FIRST BANK GROUP, INC.
                           Consolidated Balance Sheet
                                 March 31, 2003
                                   (Unaudited)



                            Assets
                            ------
<S>                                                           <C>
Cash and due from banks                                       $  3,237,572
Federal funds sold                                               8,524,000
                                                              -------------
    Cash and cash equivalents                                   11,761,572

Interest-bearing deposits in banks                               1,565,319
Investment securities available-for-sale                        19,146,093
Loans, net                                                      65,427,745
Premises and equipment, net                                      2,393,219
Accrued interest receivable and other assets                     2,475,179
                                                              -------------

                                                              $102,769,127
                                                              =============
             Liabilities and Stockholders' Equity
             ------------------------------------

Liabilities:
  Deposits:
    Noninterest-bearing                                       $ 16,415,758
    Interest-bearing                                            65,647,716
                                                              -------------

    Total deposits                                              82,063,474

        FHLB Advances                                            9,980,000
        Accrued interest payable and other liabilities             405,382
                                                              -------------

             Total liabilities                                  92,448,856
                                                              -------------

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; 944,854 shares issued            4,724,270
        Additional paid-in capital                               4,694,039
        Retained earnings                                          896,936
        Treasury stock (20,600 shares), at cost                   (259,950)
        Accumulated other comprehensive income                     264,976
                                                              -------------

Total stockholders' equity                                      10,320,271
                                                              -------------

                                                              $102,769,127
                                                              =============
</TABLE>


See  accompanying  notes  to  consolidated  financial  statements.


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

                      Consolidated Statements of Earnings

               For the Three Months Ended March 31, 2003 and 2002
                                  (Unaudited)



                                                          2003        2002
                                                       ----------  ----------
<S>                                                    <C>         <C>
Interest income:
  Interest and fees on loans                           $1,068,030     754,945
  Interest on investment securities:
    Taxable                                               127,071     269,464
    Nontaxable                                             65,071      45,890
  Other interest income                                    19,712      35,162
                                                       ----------  ----------

  Total interest income                                 1,279,884   1,105,461
                                                       ----------  ----------

Interest expense on deposits                              295,515     232,849
Interest expense on borrowings                            103,945      95,608
                                                       ----------  ----------

  Total interest expense                                  399,460     328,457
                                                       ----------  ----------

  Net interest income                                     880,424     777,004

Provision for loan losses                                 125,000      75,000
                                                       ----------  ----------

  Net interest income after provision for loan losses     755,424     702,004
                                                       ----------  ----------

Other income:
  Service charges on deposit accounts                      92,581      90,550
  Securities gains                                         49,174       9,412
  Other operating income                                   76,448      36,899
                                                       ----------  ----------

       Total other income                                 218,203     136,861
                                                       ----------  ----------

Other expense:
  Salaries and other personnel expense                    366,995     345,815
  Net occupancy and equipment expense                      57,360      69,522
  Other operating expense                                 269,301     250,299
                                                       ----------  ----------

       Total other expense                                693,656     665,636
                                                       ----------  ----------

       Earnings before income taxes                       279,971     173,229

Income tax expense                                         75,728      65,827
                                                       ----------  ----------

       Net earnings                                    $  204,243     107,402
                                                       ==========  ==========

       Basic earnings per share                        $      .22  $      .12
                                                       ==========  ==========

       Diluted earnings per share                      $      .22  $      .11
                                                       ==========  ==========
</TABLE>


See accompanying notes to consolidated financial statements.


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

                       Consolidated Statements of Comprehensive Income

                     For the Three Months Ended March 31, 2003 and 2002
                                         (Unaudited)



                                                                          2003       2002
                                                                        ---------  ---------
<S>                                                                     <C>        <C>
Net earnings                                                            $204,243    107,402
                                                                        ---------  ---------
Other comprehensive income, net of tax:
  Unrealized (losses) on investment
    securities available-for-sale:
    Unrealized (losses) arising during the period, net
      of tax of $17,092 and $113,939                                     (30,792)  (185,901)
    Realized gains during the period, net of tax of $17,553 and$3,577    (31,621)    (5,835)
                                                                        ---------  ---------

Other comprehensive income (loss)                                        (62,412)  (191,736)
                                                                        ---------  ---------

Comprehensive income (loss)                                             $141,830    (84,334)
                                                                        =========  =========
</TABLE>


See  accompanying  notes  to  consolidated  financial  statements.


                                      -5-
<PAGE>
<TABLE>
<CAPTION>
                                DECATUR FIRST BANK GROUP, INC.
                            Consolidated Statements of Cash Flows
                     For the Three Months Ended March 31, 2003 and 2002
                                         (Unaudited)


                                                                       2003         2002
                                                                   ------------  -----------
<S>                                                                <C>           <C>
Cash flows from operating activities:
  Net earnings                                                     $   204,243      107,402
    Adjustments to reconcile net earnings to
      net cash provided by operating activities:
        Provision for loan losses                                      125,000       75,000
        Depreciation, amortization and accretion                        80,251       64,941
        Provision for stock awards                                       2,421        4,806
        Gain on sale of securities                                     (49,174)      (9,412)
        Change in other                                                 22,482      (22,263)
                                                                   ------------  -----------

          Net cash provided by operating activities                    385,223      220,474
                                                                   ------------  -----------

Cash flows from investing activities:
  Net change in interest-bearing deposits                              184,999     (405,178)
  Proceeds from maturities and paydowns
    of investment securities available-for-sale                      1,368,023    2,997,417
  Proceeds from sales of investment securities available-for-sale    1,948,594    3,077,832
  Purchases of investment securities available-for-sale             (1,968,502)  (4,630,927)
  Net change in loans                                               (3,157,299)     824,334
  Purchases of premises and equipment                                   (9,515)    (585,751)
                                                                   ------------  -----------

          Net cash (used) provided by investing activities          (1,633,700)   1,277,727
                                                                   ------------  -----------

Cash flows from financing activities:
  Net change in deposits                                             7,618,156   (1,699,202)
  Net change in borrowings                                                   -      156,000
  Purchase of treasury stock                                            (1,450)    (107,500)
                                                                   ------------  -----------

          Net cash provided by financing activities                  7,616,706   (1,650,702)
                                                                   ------------  -----------

Net change in cash and cash equivalents                              6,368,229     (152,501)

Cash and cash equivalents at beginning of the period                 5,393,343    9,319,632
                                                                   ------------  -----------

Cash and cash equivalents at end of the period                     $11,761,572    9,167,131
                                                                   ============  ===========

Noncash investing activities:
  Change in unrealized gain/loss on securities
    available-for-sale, net of tax                                 $   (62,413)    (191,736)
</TABLE>


See  accompanying  notes  to  consolidated  financial  statements.


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

The  accompanying financial statements have been prepared in accordance with the
requirements  for  interim  financial  statements  and,  accordingly,  they omit
disclosures,  which  would  substantially  duplicate those contained in the most
recent  annual  report to shareholders on Form 10-KSB.  The financial statements
as  of  March 31, 2003 and for the interim periods ended March 31, 2003 and 2002
are  unaudited  and,  in  the  opinion  of  management,  include all adjustments
(consisting  of  normal  recurring  accruals)  considered  necessary  for a fair
presentation.  The  financial  information  as  of  December  31,  2002 has been
derived  from  the  audited  financial  statements as of that date.  For further
information,  refer  to  the  financial statements and the notes included in the
Company's  2002  Form  10-KSB.

(2)  CRITICAL  ACCOUNTING  POLICIES  AND  ESTIMATES

The  Company  has  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.  The  Company's
significant  accounting  policies  are  described  in  the  footnotes  to  the
consolidated  financial  statements  at December 31, 2002 as filed on our annual
report  on  Form  10-KSB.

Certain accounting policies involve significant estimates and assumptions by the
Company,  which  have  a material impact on the carrying value of certain assets
and liabilities.  The Company considers these accounting policies to be critical
accounting policies.  The estimates and assumptions used are based on historical
experience  and  other  factors,  which  are believed to be reasonable under the
circumstances.  Because  of  the  nature  of the estimates and assumptions made,
actual  results  could  differ  from these estimates and assumptions which could
have  a material impact on carrying values of assets and liabilities and results
of  operations.

The Company believes that the allowance for loan losses is a critical accounting
policy  that  requires  the  most  significant  judgments  and estimates used in
preparation  of  its consolidated financial statements.  Refer to the portion of
management's  discussion  and  analysis  of  financial  condition and results of
operations that addresses the allowance for loan losses for a description of the
Company's  processes  and  methodology  for  determining  the allowance for loan
losses.

(3)  EARNINGS  PER  SHARE

Net earnings per common share are based on the weighted average number of common
shares  outstanding  during  each  period.  The calculation of basic and diluted
earnings  per  share  is  as  follows:

<TABLE>
<CAPTION>
                                                  Three Months
                                                 Ended March 31
                                               ------------------
<S>                                            <C>        <C>
                                                  2003     2002
                                               ---------  -------

Basic earnings per share:
Net earnings                                   $ 204,243  107,402
Weighted average common shares outstanding       924,242  928,248
Per share amount                               $     .22      .12
                                               =========  =======

Diluted earnings per share:
Net earnings                                   $ 204,243  107,402
Effect of dilutive securities - stock options     24,837   20,749
Diluted earnings per share                     $     .22      .11
                                               =========  =======
</TABLE>


                                      -7-
<PAGE>
(4)  STOCK-BASED  COMPENSATION
     -------------------------

The  Company sponsors a stock-based compensation plan.  The Company accounts for
this  plan  under  the recognition and measurement principles of APB Opinion No.
25, "Accounting for Stock Issued to Employees", and related Interpretations.  No
stock-based  employee  compensation  cost  is  reflected in net earnings, as all
options  granted  under the plan had an exercise price equal to the market value
of the underlying common stock on the date of grant.  The effect on net earnings
and earnings per share would not be material if the Company had applied the fair
value  recognition  provisions  of  Statement  of Financial Accounting Standards
("SFAS")  No.  123,  "Accounting  for  Stock-Based Compensation", to stock-based
employee  compensation.




                                      -8-
<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, 2003 and 2002

The  following  is a discussion of our financial condition as of March 31, 2003,
compared  to  December  31,  2002,  and  the results of operations for the three
months  ended  March  31,  2003  and  2002.  These  comments  should  be read in
conjunction  with  our  consolidated  financial  statements  and  accompanying
footnotes  appearing  in  this  report.  This  report  contains "forward-looking
statements"  relating to, without limitation, future economic performance, plans
and  objectives of management for future operations, and projections of revenues
and  other  financial  items that are based on the beliefs of our management, as
well  as  assumptions  made  by  and  information  currently  available  to  our
management.  The  words  "expect",  "estimate",  "anticipate", and "believe", as
well  as  similar  expressions,  are  intended  to  identify  forward-looking
statements.  Our actual results may differ materially from the results discussed
in the forward-looking statements, and our operating performance each quarter is
subject  to  various risks and uncertainties that are discussed in detail in our
filings  with  the  Securities  and  Exchange  Commission.

RESULTS  OF  OPERATIONS
-----------------------

NET  INTEREST  INCOME
---------------------

For  the three months ended March 31, 2003, net interest income totaled $880,424
as  compared  to  $777,004  for  the  same period in 2002.  Interest income from
loans,  including  fees  increased  $313,085 or 42% to $1,068,030 for  the three
months ended March 31, 2003 while income from investment securities decreased by
$123,212  or  39%  to $192,142.  Interest expense totaled $399,460 for the three
months  ended  March 31, 2003 compared to $328,457 in 2002.  The increase in net
interest  income  is  due  to the bank having a higher percentage of its earning
assets  in  loans  and  a  lesser percentage of its earning assets in investment
securities  resulting  in  an  overall increase in net interest income.  The net
interest  margin  realized  on  earning assets and the interest rate spread were
4.01%  and  3.51%, respectively, for the three months ended March 31, 2003.  For
the  three  months  ended March 31, 2002, the net interest margin was  4.18% and
the  interest  rate  spread  was  3.66%.

INTEREST  RATE  SENSITIVITY  AND  ASSET  LIABILITY  MANAGEMENT
--------------------------------------------------------------

Interest  rate sensitivity measures the timing and magnitude of the repricing of
assets  compared  with  the repricing of liabilities and is an important part of
asset/liability  management  of  a  financial  institution.  The  objective  of
interest  rate  sensitivity  management  is  to  generate  stable  growth in net
interest  income,  and  to  control  the  risks  associated  with  interest rate
movements.  Management  constantly  reviews  interest rate risk exposure and the
expected  interest  rate  environment  so  that  adjustments  in  interest  rate
sensitivity  can be timely made.  Since the assets and liabilities of a bank are
primarily  monetary  in  nature  (payable  in  fixed, determinable amounts), the
performance  of  a  bank  is  affected more by changes in interest rates than by
inflation.  Interest  rates  generally  increase  as  the  rate  of  inflation
increases,  but  the  magnitude  of  the  change  in  rates may not be the same.

Net  interest  income  is  the  primary  component  of  net income for financial
institutions.  Net  interest  income  is affected by the timing and magnitude of
repricing  of as well as the mix of interest sensitive and noninterest sensitive
assets and liabilities.  "Gap" is a static measurement of the difference between
the  contractual  maturities or repricing dates of interest sensitive assets and
interest  sensitive  liabilities  within the following twelve months.  Gap is an
attempt  to  predict  the  behavior of the bank's net interest income in general
terms  during periods of movement in interest rates.  In general, if the bank is
asset  sensitive,  more of its interest sensitive assets are expected to reprice
within  twelve  months  than  its  interest  sensitive liabilities over the same
period.  In a rising interest rate environment, assets repricing more quickly is
expected  to  enhance  net  interest income.  Alternatively, decreasing interest
rates would be expected to have the opposite effect on net interest income since
assets  would  theoretically  be  repricing at lower interest rates more quickly
than  interest  sensitive  liabilities.  Although  it  can  be used as a general
predictor,  Gap  as  a  predictor  of  movements  in  net  interest  income  has
limitations  due  to the static nature of its definition and due to its inherent
assumption  that  all  assets  will  reprice  immediately  and  fully  at  the
contractually designated time.  At March 31, 2003, the bank, as measured by Gap,
is in an asset sensitive position.  Management has several tools available to it
to  evaluate  and  affect interest rate risk, including deposit pricing policies
and  changes  in  the  mix of various types of assets and liabilities.  For more
information  on asset-liability management, see the annual report of Form 10-KSB
filed  with  the  Securities  and  Exchange  Commission.


                                      -9-
<PAGE>
PROVISION  AND  ALLOWANCE  FOR  LOAN  LOSSES
--------------------------------------------

The  provision  for  loan  losses  is  the  charge  to  operating  earnings that
management  believes  is  necessary  to maintain the allowance for possible loan
losses  at an adequate level.  The provision charged to expense was $125,000 for
the  three  months  ended  March  31,  2003 as compared to $75,000 for the three
months  ended  March  31,  2002.  The  increase  in  the provision was due to an
increase in loan volume throughout the first quarter of 2003.  The allowance for
loan  losses  was  1.41%  of  gross  loans  at  March 31, 2003.  There are risks
inherent in making all loans, including risks with respect to the period of time
over  which  loans  may  be repaid, risks resulting from changes in economic and
industry  conditions,  risks inherent in dealing with individual borrowers, and,
in  the  case of a collateralized loan, risks resulting from uncertainties about
the  future value of the collateral.  We anticipate maintaining an allowance for
loan  losses  based on, among other things, historical experience, an evaluation
of  economic conditions, and regular reviews of delinquencies and loan portfolio
quality.  Our  judgment  about  the  adequacy  of  the allowance is based upon a
number  of  assumptions  about future events, which we believe to be reasonable,
but  which may not prove to be accurate.  Thus, there is a risk that charge-offs
in future periods could exceed the allowance for loan losses or that substantial
additional  increases  in  the  allowance  for  loan  losses  could be required.
Additions to the allowance for loan losses would result in a decrease of our net
income  and,  possibly,  our  capital.

NONINTEREST  INCOME
-------------------

Noninterest income for the three months ended March 31, 2003 totaled $218,203 as
compared to $136,861 for the three months ended March 31, 2002.  The increase in
noninterest  income  was  due  to  an  increase  in  service  charges on deposit
accounts, an increase in income earned from mortgage origination and an increase
in  the  gain  on  sale  of  investment securities available-for-sale during the
quarter  ended  March  31,  2003  as  compared  to  the  same  period  in  2002.

NONINTEREST  EXPENSE
--------------------

Total noninterest expense for the three months ended March 31, 2003 was $693,656
as compared to $665,636 for the same period in 2002.  Salaries and benefits, the
largest  component of noninterest expense, totaled $366,995 for the three months
ended  March  31,  2003,  compared  to  $345,815 for the same period a year ago.
These  increases were due to  normal salary increases.  Other operating expenses
were  $269,301 for the three months ended March 31, 2003 as compared to $250,299
for  the  three  months  ended  March  31, 2002.  These increases in noninterest
expenses  are  due  to  the  continued  growth  of  the  bank.


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


ITEM  2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
--------------------------------------------------------------------------------
OF  OPERATIONS  --  continued
--------------

INCOME  TAXES
-------------

Income  tax  expense  for  the  three months ended March 31, 2003 was $75,728 as
compared  to  $65,827  for  the same period in 2002.  The effective tax rate was
approximately  27%  during 2003 and 38% during 2002.  This decrease in effective
tax  rate  is due to an increased percentage of tax exempt investment securities
in  the  bank's  investment  portfolio  during  2003  compared  to  2002.

NET  EARNINGS
-------------

The  combination  of  the above factors resulted in net earnings of $204,243 for
the  three  months  ended  March 31, 2003 compared to net earnings for the three
months  ended March 31, 2002 of $107,402.  Basic earnings per share was $.22 for
the  three  months  ended March 31, 2003 compared to basic earnings per share of
$.12  for  the  same  period  in  2002.

ASSETS  AND  LIABILITIES
------------------------

During the first three months of 2003, total assets increased $7,485,439, or 8%,
when compared to December 31, 2002. The primary sources of growth in assets were
loans,  which increased $3,032,299, or 5%, during the first three months of 2003
and  Federal  funds  sold  which increased by 5,558,000 or 187% during the first
quarter  of 2003.  Investment securities available-for-sale decreased $1,435,961
from  December  31,  2002  to  $19,146,093  at  March  31, 2003.  Total deposits
increased  $7,618,156, or 10%, from the December 31, 2002 amount of $74,445,318.

INVESTMENT  SECURITIES
----------------------

Investment  securities  available-for-sale decreased $1,435,961 from $20,582,054
at  December  31,  2002  to $19,146,093 at March 31, 2003. This decrease was the
result  of  funds  being  invested  in  loans.  All  of  the  Bank's  marketable
investment  securities  were designated as available-for-sale at March 31, 2003.

PREMISES  AND  EQUIPMENT
------------------------

Premises  and  equipment,  net  of depreciation, totaled $2,393,219 at March 31,
2003.  The  decrease  of $30,772 from the December 31, 2002 amount of $2,423,991
was due to depreciation expense outpacing fixed asset purchases during the first
quarter  of  2003.

LOANS
-----

Gross  loans totaled $66,360,786 at March 31, 2003, an increase of $3,152,833 or
5%  since December 31, 2002.  The largest increase in loans was in Real estate -
construction,  which  increased  $ 2,953,914 or 34% to $ 11,700,763 at March 31,
2003.  Balances  within  the  major  loans receivable categories as of March 31,
2003  and  December  31,  2002  are  as  follows:

<TABLE>
<CAPTION>
                                              MARCH 31, 2003   DECEMBER 31, 2002
<S>                                           <C>              <C>
      Commercial, financial and agricultural  $    10,119,564  $       10,914,521
      Real estate - construction                   11,700,763           8,746,849
      Real estate - mortgage                       41,922,774          40,905,257
      Consumer                                      2,617,685           2,641,326
                                              ---------------  ------------------

                                              $    66,360,786  $       63,207,953
                                              ===============  ==================
</TABLE>


                                      -11-
<PAGE>
                         DECATUR FIRST BANK GROUP, INC.


ITEM  2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
--------------------------------------------------------------------------------
OF  OPERATIONS  -  continued
--------------

ALLOWANCE  FOR  LOAN  LOSSES
----------------------------

Activity  in  the  Allowance  for  Loan  Losses  is  as  follows:

<TABLE>
<CAPTION>
                                                                March 31,
                                                       --------------------------
                                                           2003          2002
                                                       ------------  ------------
<S>                                                    <C>           <C>
 Balance, January 1,                                   $   812,507   $   595,279
 Provision for loan losses for the period                  125,000        75,000
 Net loans (charged off) recovered for the period           (4,466)     (103,994)
                                                       ------------  ------------

 Balance, end of period                                $   933,041   $   566,285
                                                       ============  ============

 Gross loans outstanding, end of period                $66,360,786   $41,544,511
                                                       ============  ============

 Allowance for loan losses to gross loans outstanding         1.41%         1.36%
                                                       ============  ============
</TABLE>


DEPOSITS
--------

At  March 31, 2003, total deposits increased by $7,618,156, or 10% from December
31, 2002.  Noninterest-bearing demand deposits decreased $30,664 or less than 1%
and  interest-bearing  deposits  increased  $7,648,820  or  13%.

Balances  within  the major deposit categories as of March 31, 2003 and December
31,  2002  as  follows:

<TABLE>
<CAPTION>
                                           March 31, 2003   December 31, 2002
                                           ---------------  ------------------
<S>                                        <C>              <C>
Noninterest-bearing demand deposits        $    16,415,758  $       16,446,422
Interest-bearing demand deposits                27,979,606          24,825,981
Savings deposits                                 2,023,734           1,888,421
Certificates of deposit $100,000 and over       14,747,608          13,429,247
Other time deposits                             20,896,768          17,855,247
                                           ---------------  ------------------

                                           $    82,063,474  $       74,445,318
                                           ===============  ==================
</TABLE>

LIQUIDITY
---------

Our liquidity needs include the funding of loans, purchases of operating assets,
etc.  Liquidity  needs  are  met by us through scheduled maturities of loans and
investments on the asset side and through pricing policies on the liability side
for  interest-bearing  deposit  accounts.  The level of liquidity is measured by
the  loan-to-total borrowed funds ratio, which was at  72% at March 31, 2003 and
75%  at  December  31,  2002.

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  consist  of  commitments  to  extend  credit and standby
letters  of  credit.  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.  Commitments  generally  have  fixed  expiration  dates  or  other
termination clauses and may require payment of a fee.  A commitment involves, to
varying  degrees,  elements  of  credit  and interest rate risk in excess of the
amount  recognized  in  the  balance sheets.  Our exposure to credit loss in the
event  of non-performance by the other party to the instrument is represented by
the  contractual  notional  amount  of  the  instrument.


                                      -12-
<PAGE>
                         DECATUR FIRST BANK GROUP, INC.


ITEM  2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
--------------------------------------------------------------------------------
OF  OPERATIONS--  continued
--------------

LIQUIDITY  -  continued
---------

Since  certain  commitments are expected to expire without being drawn upon, the
total  commitment amounts do not necessarily represent future cash requirements.
We  use  the  same  credit policies in making commitments to extend credit as it
does  for  on-balance-sheet  instruments.

Collateral  held  for  commitments  to  extend  credit  varies  but  may include
certificates  of  deposit,  accounts  receivable,  inventory,  property,  plant,
equipment,  and  income-producing  commercial  properties.

The following table summarizes our off-balance-sheet financial instruments whose
contract  amounts  represent  credit  risk  as  of  March  31,  2003:

       Commitments to extend credit              $   16,743,000
       Standby letters of credit                 $       22,000


Management is not aware of any significant concentrations of loans to classes of
borrowers or industries that would be affected similarly by economic conditions.
Although  the bank's loan portfolio is diversified, a substantial portion of its
borrowers'  ability  to  honor  the  terms  of  their  loans is dependent on the
economic  conditions  in  DeKalb  County  and  surrounding  areas.

We  also  have  obtained  lines  of credit available with correspondent banks to
purchase  federal  funds  for  periods  from  one  to  fourteen  days.

CAPITAL  RESOURCES
------------------

Total  shareholders'  equity  increased from $10,177,469 at December 31, 2002 to
$10,320,271  at  March 31, 2003.  This increase was attributable to net earnings
for the period partially offset by a decrease in accumulated other comprehensive
income,  and  an  increase  in  treasury  stock.

Bank  holding companies, such as us, and their banking subsidiaries are required
by  banking regulators to meet certain minimum levels of capital adequacy, which
are  expressed  in the form of certain ratios.  Capital is separated into Tier 1
capital  (essentially  common  shareholders'  equity less intangible assets) and
Tier  2  capital  (essentially the allowance for loan losses limited to 1.25% of
risk-weighted  assets).  The  first two ratios, which are based on the degree of
credit  risk  in  our  assets, provide the weighting of assets based on assigned
risk  factors  and  include off-balance sheet items such as loan commitments and
stand-by letters of credit.  The ratio of Tier 1 capital to risk-weighted assets
must be at least 4.0% and the ratio of total capital (Tier 1 capital plus Tier 2
capital)  to  risk-weighted  assets must be at least 8.0%.  The capital leverage
ratio  supplements  the  risk-based  capital  guidelines.

Banks  and  bank  holding  companies are required to maintain a minimum ratio of
Tier  1  capital  to  adjusted  quarterly  average  total  assets  of  3.0%.

The  following  table  summarizes  our  consolidated capital ratios at March 31,
2003:

   Tier 1 capital (to risk-weighted assets)                            12.03%
   Total capital (to risk-weighted assets)                             13.15%
   Tier 1 capital (to total average assets)                            10.51%


                                      -13-
<PAGE>
                         DECATUR FIRST BANK GROUP, INC.


ITEM  2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
--------------------------------------------------------------------------------
OF  OPERATIONS  --  continued
------------------

REGULATORY  MATTERS
-------------------

From  time  to  time, various bills are introduced in the United States Congress
with  respect  to  the  regulation  of financial institutions.  Certain of these
proposals,  if  adopted,  could significantly change the regulation of banks and
the  financial  services  industry.  We  cannot  predict  whether  any  of these
proposals  will  be adopted or, if adopted, how these proposals would affect us.

RECENT  ACCOUNTING  PRONOUNCEMENTS
----------------------------------

Accounting  standards  that  have  been  issued  or  proposed  by  the Financial
Accounting  Standards Board that do not require adoption until a future date are
not  expected to have a material impact on the consolidated financial statements
upon  adoption.

ITEM  3.  CONTROLS  AND  PROCEDURES
-----------------------------------

Within  90  days  prior  to  the date of this report, the Company carried out an
evaluation,  under  the  supervision and with the participation of the Company's
management,  including  the  Company's  Chief  Executive  Officer  and Principal
Financial  and  Accounting  Officer,  of  the  effectiveness  of  the design and
operation  of  the  Company's  disclosure  controls  and  procedures pursuant to
Exchange  Act  Rule  13a-14.  Based  upon  that  evaluation, the Company's Chief
Executive  Officer and Principal Financial and Accounting Officer concluded that
the  Company's  disclosure  controls  and  procedures  are  effective  in timely
alerting  them  to  material  information relating to the Company (including its
consolidated  subsidiaries)  that  is  required  to be included in the Company's
periodic filings with the Securities and Exchange Commission. There have been no
significant  changes  in  the  Company's  internal controls or, to the company's
knowledge,  in  other  factors  that  could  significantly affect those internal
controls  subsequent  to  the  date  the Company carried out its evaluation, and
there  have  been no corrective actions with respect to significant deficiencies
or  material  weaknesses.


                                      -14-
<PAGE>
                           PART II.  OTHER INFORMATION

                         DECATUR FIRST BANK GROUP, INC.


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

Item 2.   Changes  in  Securities  and  Use  of  Proceeds
          -----------------------------------------------
          None

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

Item 4.   Submission  of  Matters  to  a  Vote  of  Security  Holders
          -----------------------------------------------------------
          (a)  The  2003 Annual Meeting of Shareholders was held on May 8, 2003.

          (b)  Election  of  Directors

               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 directors will serve
               until  the  2005  Annual  Meeting of Shareholders: John L. Adams,
               Jr.,  Mary Bobbie Bailey, Lynn Pasqualetti and Kirby A. Thompson.

               The  following  are the results of the votes cast by shareholders
               present  at  the 2003 Annual Meeting of Shareholders, by proxy or
               in  person,  for the proposal to elect the following directors to
               serve  until  the  2006  Annual  Meeting  of  Shareholders:


                                                  For    Withhold
                                                -------  --------
                    Merriell Autrey, Jr.        601,508     2,000
                    John Walter Drake           602,508     1,000
                    William F. Floyd            602,508     1,000
                    Robert E. Lanier            602,408     1,100
                    Roger K. Quillen            602,508     1,000


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

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

          (b)  Reports  on  Form  8-K:  None


                                      -15-
<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 Financial and Accounting Officer


                                     Date: May 12, 2003
                                           -------------------------------------


                                      -16-
<PAGE>
                                  Certification

I,  Judy  B.  Turner,  certify  that:

1.   I  have  reviewed  this quarterly report on Form 10-Q of Decatur First Bank
     Group,  Inc.;

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

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

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

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

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

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

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

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

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

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


Date:  May 12, 2003



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


                                      -17-
<PAGE>