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 June 30, 2003

                                       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:   944,923 shares
                        outstanding as of August 1, 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 June 30, 2003                          3

             Consolidated Statements of Earnings (unaudited) for the Three Months
               and the Six Months Ended June 30, 2003 and 2002                                4

             Consolidated Statements of Comprehensive Income (unaudited) for the Six
               Months Ended June 30, 2003 and 2002                                            5

             Consolidated Statements of Cash Flows (unaudited) for the Six Months
               Ended June 30, 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                                                          8

   Item 3.   Controls and Procedures                                                         13


PART II.     OTHER INFORMATION

   Item 1.   Legal Proceedings                                                               14

   Item 2.   Changes in Securities                                                           14

   Item 3.   Defaults Upon Senior Securities                                                 14

   Item 4.   Submission of Matters to a Vote of Security Holders                             14

   Item 5.   Other Information                                                               14

   Item 6.   Exhibits and Reports on Form 8-K                                                14
</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 statement is
not  a guarantee of future performance and involves 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

                                  June 30, 2003
                                   (Unaudited)


                        Assets
                        ------
<S>                                               <C>
Cash and due from banks                           $  4,888,489
Federal funds sold                                   2,075,000
                                                  -------------

    Cash and cash equivalents                        6,963,489
                                                  -------------

Interest bearing deposits in banks                     906,138
Investment securities available-for-sale            21,086,581
Loans, net                                          66,655,541
Premises and equipment, net                          2,390,455
Accrued interest receivable and other assets         2,403,762
                                                  -------------

                                                  $100,405,966
                                                  =============

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

Liabilities:
  Deposits:
    Noninterest-bearing                           $ 17,044,006
    Interest-bearing                                62,558,531
                                                  -------------

    Total deposits                                  79,602,537

  FHLB Advances                                      9,980,000
  Accrued interest payable and other liabilities       208,722
                                                  -------------

    Total liabilities                               89,791,259
                                                  -------------

Stockholders' equity:
  Preferred stock, no par value; authorized
    2,000,000 shares; no issued shares                       -
  Common stock, $5 par value; authorized
    10,000,000 shares; issued 944,923 shares         4,724,615
  Additional paid-in capital                         4,694,695
  Retained earnings                                  1,077,401
  Accumulated other comprehensive income               377,946
  Treasury stock                                      (259,950)
                                                  -------------

    Total stockholders' equity                      10,614,707
                                                  -------------

                                                  $100,405,966
                                                  =============
</TABLE>

See accompanying notes to unaudited consolidated financial statements.


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

                      Consolidated Statements of Earnings

      For the Three Months and the Six Months Ended June 30, 2003 and 2002
                                  (Unaudited)



                                              Three Months          Six Months
                                             Ended June 30,        Ended June 30,
                                         ---------------------  --------------------
                                            2003       2002       2003       2002
                                         ----------  ---------  ---------  ---------
<S>                                      <C>         <C>        <C>        <C>

Interest income:
   Interest and fees on loans            $1,109,561    810,552  2,177,591  1,565,497
   Interest on investment securities        178,267    304,204    370,409    619,558
   Other interest income                     21,804     48,571     41,516     83,733
                                         ----------  ---------  ---------  ---------

   Total interest income                  1,309,632  1,163,327  2,589,516  2,268,788
                                         ----------  ---------  ---------  ---------

Interest expense on deposits                307,227    238,856    602,742    471,705
Interest expense on borrowings              104,807    105,611    208,752    201,219
                                         ----------  ---------  ---------  ---------

   Total interest expense                   412,034    344,467    811,494    672,924
                                         ----------  ---------  ---------  ---------

   Net interest income                      897,598    818,860  1,778,022  1,595,864
                                         ----------  ---------  ---------  ---------

Provision for loan losses                    45,000     75,000    170,000    150,000
                                         ----------  ---------  ---------  ---------

   Net interest income after provision
    for loan losses                         852,598    743,860  1,608,022  1,445,864
                                         ----------  ---------  ---------  ---------

Other income:
   Service charges on deposit accounts       95,108     92,581    187,689    183,131
   Securities gains                          53,285     16,559    102,459     25,971
   Other operating income                    80,940     32,228    157,388     69,127
                                         ----------  ---------  ---------  ---------

      Total other income                    229,333    141,368    447,536    278,229
                                         ----------  ---------  ---------  ---------

Other expense:
   Salaries and other personnel expense     404,667    357,207    771,662    703,022
   Net occupancy and equipment expense       73,034     74,681    130,394    144,203
   Other operating expense                  367,689    269,267    636,990    519,566
                                         ----------  ---------  ---------  ---------

      Total other expense                   845,390    701,155  1,539,046  1,366,791
                                         ----------  ---------  ---------  ---------

      Earnings before income taxes          236,541    184,073    516,512    357,302

      Income tax expense                     56,076     68,122    131,804    133,949
                                         ----------  ---------  ---------  ---------

      Net earnings                       $  180,465    115,951    384,708    223,353
                                         ==========  =========  =========  =========

Earnings per common share:
   Basic earnings per share              $      .20        .13        .42        .24
                                         ==========  =========  =========  =========
   Diluted earnings per share            $      .19        .12        .41        .24
                                         ==========  =========  =========  =========
</TABLE>


See accompanying notes to unaudited consolidated financial statements.


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

                           Consolidated Statements of Comprehensive Income

                           For the Six Months Ended June 30, 2003 and 2002



                                                                                   2003       2002
                                                                                 ---------  --------
<S>                                                                              <C>        <C>
Net earnings                                                                     $384,708   223,353
                                                                                 ---------  --------
Other comprehensive income, net of tax:
    Unrealized gains on investment securities available-for-sale arising during
     the period, net of $69,921 and $147,822, respectively                        114,082   241,184
    Realized gains on sales of investment securities available-for-sale,
     net of income tax expense of $38,934 and $9,869, respectively                (63,525)  (16,102)
                                                                                 ---------  --------

Other comprehensive income                                                         50,557   225,082
                                                                                 ---------  --------

Comprehensive income                                                             $435,265   448,435
                                                                                 =========  ========
</TABLE>


See  accompanying  notes  to  unaudited  consolidated  financial  statements.


                                      -5-
<PAGE>
<TABLE>
<CAPTION>
                                    DECATUR  FIRST  BANK  GROUP,  INC.
                                  Consolidated Statements of Cash Flows
                             For the Six Months Ended June 30, 2003 and 2002
                                               (Unaudited)



                                                                                   2003         2002
                                                                               ------------  -----------
<S>                                                                            <C>           <C>
Cash flows from operating activities:
  Net earnings                                                                 $   384,708      223,353
    Adjustments to reconcile net earnings to net
      cash provided by operating activities:
        Provision for loan losses                                                  170,000      150,000
        Depreciation, amortization and accretion                                   186,670      115,467
        Securities gains                                                          (102,459)     (25,971)
        Provision for stock awards                                                   3,423        5,805
        Change in other                                                           (170,248)     469,459
                                                                               ------------  -----------

      Net cash provided by operating activities                                    472,094      938,113
                                                                               ------------  -----------

Cash flows from investing activities:
  Net change in interest-bearing deposits in banks                                 844,180     (520,222)
  Proceeds from maturities and paydowns
    of investment securities available-for-sale                                  3,216,749    4,080,526
  Proceeds from sales of investment securities available-for-sale                6,351,478    6,316,138
  Purchases of investment securities available-for-sale                         (9,982,279)  (9,740,927)
  Change in loans                                                               (4,430,095)  (6,181,113)
  Purchases of premises and equipment                                              (57,750)    (601,145)
                                                                               ------------  -----------

      Net cash used by investing activities                                     (4,057,717)  (6,646,743)
                                                                               ------------  -----------

Cash flows from financing activities:
  Net change in deposits                                                         5,157,219    2,297,964
  Proceeds from advances from the Federal Home Loan Bank                                 -            -
  Net change in borrowings                                                               -      532,000
  Purchase of treasury shares                                                       (1,450)    (107,500)
                                                                               ------------  -----------

      Net cash provided by financing activities                                  5,155,769    2,722,464
                                                                               ------------  -----------

Net change in cash and cash equivalents                                          1,570,146   (2,986,166)
                                                                                             -----------

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

Cash and cash equivalents at end of period                                     $ 6,963,489    6,333,466
                                                                               ============  ===========

Noncash investing activities:
  Change in unrealized gain/loss on securities available-for-sale, net of tax  $    50,557      225,082
</TABLE>


See accompanying notes to unaudited 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 June 30, 2003 and for the interim periods ended June 30, 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 in its 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  accounting  policy for 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       Six Months
                                                  Ended June 30     Ended June 30
                                               -----------------  ----------------
                                                 2003     2002     2003     2002
                                               --------  -------  -------  -------
<S>                                            <C>       <C>      <C>      <C>
Basic earnings per share:
Net earnings                                   $180,465  115,951  384,708  223,353
Weighted average common shares outstanding      924,288  923,853  924,307  926,089
Per share amount                               $    .20      .13      .42      .24
                                               ========  =======  =======  =======

Diluted earnings per share:
Net earnings                                   $180,465  115,951  384,708  223,353
Effect of dilutive securities - stock options    24,837   20,749   24,837   20,749
Diluted earnings per share                     $    .19      .12      .41      .24
                                               ========  =======  =======  =======
</TABLE>


                                      -7-
<PAGE>
Item 2.
                         DECATUR FIRST BANK GROUP, INC.

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

            For the Three and Six Months Ended June 30, 2003 and 2002

The  following  is  a  discussion of our financial condition as of June 30, 2003
compared  to  December 31, 2002, and the results of operations for the three and
six  months  ended  June  30,  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  six months ended June 30, 2003, net interest income totaled $1,778,022
as  compared  to  $1,595,864  for the same period in 2002.  Interest income from
loans,  including  fees,  increased  $612,094  or 39% to $2,177,591 for  the six
months  ended June 30, 2003 while income from investment securities decreased by
$249,149  or  40%  to  $370,409.  Interest  expense totaled $811,494 for the six
months  ended  June  30, 2003 compared to $672,924 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
3.91%  and 3.41%, respectively, for the six months ended June 30, 2003.  For the
six  months  ended  June  30,  2002,  the  net interest margin was 4.14% and the
interest  rate  spread  was  3.60%.

For  the  quarter  ended  June  30,  2003, interest income totaled $1,309,632 as
compared  to  $1,163,327  for the same period in 2002.  Interest expense totaled
$412,034  for  the quarter ended June 30, 2003 compared to $344,467 for the same
period 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.

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


                                      -8-
<PAGE>
                         DECATUR FIRST BANK GROUP, INC.

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

immediately  and  fully at the contractually designated time.  At June 30, 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.

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 $170,000 for
the  six  months  ended June 30, 2003 as compared to $150,000 for the six months
ended  June  30,  2002.  The  provision  for the quarter ended June 30, 2003 was
$45,000  compared  to  $75,000  for the same period in 2002.  The changes in the
provision has been a result of management's efforts to increase the allowance to
match the growth in the loan portfolio.  The allowance for loan losses was 1.32%
of  gross loans at June 30, 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 six months ended June 30, 2003 totaled $447,536 as
compared  to  $278,229  for the six months ended June 30, 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 six
months  ended  June  30,  2003  as  compared  to  the  same  period  in  2002.

Noninterest  income  for  the  quarter  ended  June 30, 2003 totaled $229,333 as
compared  to  $141,368  for  the  quarter  ended June 30, 2002.  The increase in
noninterest  income was due to an increase in the gain recognized on the sale of
investment  securities available-for-sale during the quarter ended June 30, 2003
and  an  increase  in  income  earned  from  mortgage  origination.

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

Total  noninterest expense for the six months ended June 30, 2003 was $1,539,046
as  compared  to  $1,366,791  for  the  same  period in 2002.  Total noninterest
expense  for  the  three  months ended June 30, 2003 was $845,390 as compared to
$701,155  for  the  same  period  in  2002.  Salaries  and benefits, the largest
component of noninterest expense, totaled $771,662 for the six months ended June
30,  2003,  compared  to  $703,022  for  the  same period a year ago and totaled
$404,667  for the quarter ended June 30, 2003, compared to $357,207 for the same
period  in  2002.  These  increases  were due to normal salary increases.  Other
operating  expenses  were  $636,990  for  the  six months ended June 30, 2003 as
compared to $519,566 for the six months ended June 30, 2002.  These increases in
noninterest  expenses  are  due  to  the  continued  growth  of  the  Bank.

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

Income tax expense for the six and three months ended June 30, 2003 was $131,804
and  $56,076,  respectively.   Income  tax  expense for the six and three months
ended  June  30, 2002 was $133,949 and $68,122, respectively.  The effective tax
rate  for the six and three months ended June 30, 2003 was approximately 25% and
24%,  respectively and for the six and three months ended June 30, 2002 were 38%
and  37%,  respectively.  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.


                                      -9-
<PAGE>
                         DECATUR FIRST BANK GROUP, INC.

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

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

The  combination  of  the above factors resulted in net earnings of $384,708 for
the  six  months ended June 30, 2003 compared to net earnings for the six months
ended  June  30, 2002 of $223,353.  Net earnings for the quarters ended June 30,
2003  and  2002  were  $180,465  and $115,951, respectively.  Basic earnings per
share  were  $.42  for  the  six  months  ended  June 30, 2003 compared to basic
earnings  per  share  of  $.24  for the same period in 2002.  Basic earnings per
share  were  $.20 for the quarter ended June 30, 2003 compared to basic earnings
per  share  of  $.13  for  the  quarter  ended  June  30,  2002.

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

During  the  first  six months of 2003, total assets increased $5,122,278 or 5%,
when  compared  to December 31, 2002. The primary source of growth in assets was
loans,  which  increased  $4,260,095 or 7%, during the first six months of 2003.
Investment  securities  available-for-sale  increased $504,527 from December 31,
2002  to  $21,086,581  at June 30, 2003.  Total deposits increased $5,157,219 or
7%,  from  the  December  31,  2002  amount  of  $74,445,318.

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

Investment  securities available-for-sale increased $504,527 from $20,582,054 at
December  31,  2002 to $21,086,581 at June 30, 2003.  The increase is attributed
to  normal  activity  in the investment porftolio.  All of the Bank's marketable
investment  securities  were  designated as available-for-sale at June 30, 2003.

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

Premises  and  equipment,  net  of  depreciation, totaled $2,390,455 at June 30,
2003.  The  decrease  of $33,536 from the December 31, 2002 amount of $2,423,991
was  due  to  normal  depreciation  of  the  Bank's  premises  and  equipment.

LOANS
-----

Gross  loans  totaled $67,544,430 at June 30, 2003, an increase of $4,336,477 or
7%  since  December  31, 2002.  The largest increase in loans was in real estate
construction, which increased $3,783,221 or 43% to $12,530,070 at June 30, 2003.
Balances  within  the  major loans receivable categories as of June 30, 2003 and
December  31,  2002  are  as  follows:

<TABLE>
<CAPTION>
                                         June 30, 2003   December 31, 2002
                                        --------------  ------------------
<S>                                     <C>             <C>
Commercial, financial and agricultural  $   10,500,179  $       10,914,521
Real estate - construction                  12,530,070           8,746,849
   Real estate - mortgage                   41,884,984          40,905,257
   Consumer                                  2,629,197           2,641,326
                                        --------------  ------------------

                                        $   67,544,430  $       63,207,953
                                        ==============  ==================
</TABLE>


                                      -10-
<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>
                                                               June 30,
                                                          2003          2002
                                                      ------------  ------------
<S>                                                   <C>           <C>
Balance, January 1,                                   $   812,507   $   595,279
Provision for loan losses for the period                  170,000       150,000
Net loans (charged off) recovered for the period          (93,618)     (108,241)
                                                      ------------  ------------

Balance, end of period                                $   888,889   $   637,038
                                                      ============  ============

Gross loans outstanding, end of period                $67,544,430   $48,545,712
                                                      ============  ============

Allowance for loan losses to gross loans outstanding         1.32%         1.31%
                                                      ============  ============
</TABLE>


DEPOSITS
--------

At  June 30, 2003 total deposits increased by $5,157,219 or 7% from December 31,
2002.   Noninterest-bearing  demand  deposits  increased  $597,584  or  4%  and
interest-bearing  deposits  increased  $4,559,635  or  8%.

Balances  within  the  major deposit categories as of June 30, 2003 and December
31,  2002  are  as  follows:

<TABLE>
<CAPTION>
                                           June 30, 2003   December 31, 2002
                                           --------------  ------------------
<S>                                        <C>             <C>
Noninterest-bearing demand deposits        $   17,044,006  $       16,446,422
Interest-bearing demand deposits               24,223,167          24,825,981
Savings deposits                                1,996,253           1,888,421
Certificates of deposit $100,000 and over      14,683,275          13,429,247
Other time deposits                            21,655,836          17,855,247
                                           --------------  ------------------

                                           $   79,602,537  $       74,445,318
                                           ==============  ==================
</TABLE>


LIQUIDITY
---------

The  Company's  liquidity  needs  include  the funding of loans and purchases of
operating assets.  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 75.40% at June 30,
2003  and  74.86%  at  December  31,  2002.

The  Company  is a party to financial instruments with off-balance-sheet risk in
the  normal  course  of  business  to meet the financing needs of its customers.
These  financial  instruments  consist of commitments to extend credit and loans
sold with limited recourse.  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.  The Company's 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.

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


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

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

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

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

The  following  table  summarizes  the  Company's  off-balance-sheet  financial
instruments  whose  contract  amounts represent credit risk as of June 30, 2003:

      Commitments to extend credit                          $  15,767,000
      Standby letters of credit                             $      61,000


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
$10,614,707  at  June  30, 2003.  This increase was attributable to net earnings
for  the  period  and  an  increase  in  accumulated other comprehensive income,
partially  offset  by  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%.

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

The  following table summarizes the Bank's risk-based capital ratios at June 30,
2003:

        Tier 1 capital (to risk-weighted assets)                11.18%
        Total capital (to risk-weighted assets)                 12.26%
        Tier 1 capital (to total average assets)                 9.34%


                                      -12-
<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
-----------------------------------

As  of  June  30,  2003,  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  Chief  Financial 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 Chief Financial 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.


                                      -13-
<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
          ---------------------------------------------------
          None

ITEM 5.   OTHER INFORMATION
          -----------------
          None

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits

          31   Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
               Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

          32   Certification of the Chief Executive Officer and Chief Financial
               Officer pursuant to 18 U.S.C. Section 350, as adopted pursuant to
               Section 906 of the Sarbanes-Oxley Act of 2002.

     (b)  Reports on Form 8-K
          None


                                      -14-
<PAGE>
                         DECATUR FIRST BANK GROUP, INC.

                                   SIGNATURES



     In accordance with the requirements of the Securities Exchange Act of 1934,
the  registrant  has  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: August 13, 2003


                                      -15-
<PAGE>