UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C.  20549

                                   FORM 10-QSB

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

                For the Quarterly Period Ended September 30, 2002

                                       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:   924,117 shares
                       outstanding as of November 11, 2002

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


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

                                                     INDEX

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

    Item 1.        Financial Statements

                   Consolidated Balance Sheet (unaudited) at September 30, 2002                          3

                   Consolidated Statements of Earnings (unaudited) for the Three Months
                   and the Nine Months Ended September 30, 2002 and 2001                                 4

                   Consolidated Statements of Comprehensive Income (unaudited) for the Nine
                   Months Ended September 30, 2002 and 2001                                              5

                   Consolidated Statements of Cash Flows (unaudited) for the Nine Months
                   Ended September 30, 2002 and 2001                                                     6

                   Notes to Consolidated Financial Statements (unaudited)                                7

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

    Item 3.        Controls and Procedures                                                              14

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.

                                  Balance Sheet

                               September 30, 2002
                                  (Unaudited)


                              Assets
                              -------
<S>                                                            <C>
Cash and due from banks                                       $       1,833,193
Federal funds sold                                                    3,898,000
                                                                    ------------

      Cash and cash equivalents                                       5,731,193

Interest-bearing deposits                                             1,934,155
Investment securities available-for-sale                             24,726,802
Loans, net                                                           54,739,342
Premises and equipment, net                                           2,467,185
Other assets                                                          1,296,227
                                                                    ------------
                                                              $      90,894,905
                                                                    ============

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

Liabilities:
       Deposits:
         Noninterest-bearing                                  $      15,329,686
         Interest-bearing                                            54,941,791
                                                                    ------------

         Total deposits                                              70,271,477

       FHLB Advances                                                  9,980,000
       Accrued interest payable and other liabilities                   644,552
                                                                    ------------

         Total liabilities                                           80,896,029
                                                                    ------------

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  944,508 shares                   4,722,540
       Additional paid-in capital                                     4,690,752
       Retained earnings                                                452,642
       Treasury stock (20,500 shares), at cost                         (258,500)
       Accumulated comprehensive income                                 391,442
                                                                    ------------

          Total stockholders' equity                                  9,998,876
                                                                    ------------

                                                              $      90,894,905
                                                                    ============
<FN>
See  accompanying  notes  to  unaudited  consolidated  financial  statements.
</TABLE>


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

                             Statements of Earnings

   For the Three Months and the Nine Months Ended September 30, 2002 and 2001
                                  (Unaudited)

                                             Three Months Ended   Nine Months Ended
                                                September 30,       September 30,
                                           --------------------  ---------------------
                                            2002         2001       2002       2001
                                        ------------  ---------  ----------  ---------
<S>                                     <C>           <C>        <C>         <C>
Interest income:
     Interest and fees on loans         $    926,552    879,882   2,492,049  2,578,840
     Interest on investment securities       277,015    462,328     896,573  1,320,788
     Other interest income                    28,401     47,461     112,134    229,851
                                        ------------  ---------  ----------  ---------

    Total interest income                  1,231,968  1,389,671   3,500,756  4,129,479
                                        ------------  ---------  ----------  ---------

Interest expense on deposits                 271,559    536,214     743,264  1,675,537
Interest expense on borrowings               103,508    119,925     304,727    313,600
                                        ------------  ---------  ----------  ---------

    Total interest expense                   375,067    656,139   1,047,991  1,989,137
                                        ------------  ---------  ----------  ---------

    Net interest income                      856,901    733,532   2,452,765  2,140,342

Provision for loan losses                    100,000    175,000     250,000    300,000
                                        ------------  ---------  ----------  ---------

    Net interest income after provision
     for loan losses                         756,901    558,532   2,202,765  1,840,342
                                        ------------  ---------  ----------  ---------


Other income:
    Service charges on deposit accounts      106,619     78,089     289,750    218,607
    Securities gains (losses)                 55,108     21,172      81,079     82,591
    Other operating income                    61,324     75,460     130,451    143,760
                                        ------------  ---------  ----------  ---------

          Total other income                 223,051    174,721     501,280    444,958
                                        ------------  ---------  ----------  ---------

Other expense:
 Salaries and other personnel expense        378,883    313,359   1,081,905    968,694
 Net occupancy and equipment expense          64,571     82,598     208,774    248,089
 Other operating expense                     259,586    226,975     779,152    693,840
                                        ------------  ---------  ----------  ---------

          Total other expense                703,040    622,932   2,069,831  1,910,623
                                        ------------  ---------  ----------  ---------

          Earnings before income taxes       276,912    110,321     634,214    374,677

          Income tax expense                 107,052     46,047     241,001    146,495
                                        ------------  ---------  ----------  ---------

          Net earnings                  $    169,860     64,274     393,213    228,182
                                           =========  =========  ==========  =========

Earnings per common share:
    Basic earnings per share            $        .18        .07         .42        .24
                                           =========  =========  ==========  =========
    Diluted earnings per share          $        .18        .07         .42        .24
                                           =========  =========  ==========  =========
<FN>
See  accompanying  notes  to  unaudited  consolidated  financial  statements.
</TABLE>


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

                         Statements of Comprehensive Income

               For the Nine Months Ended September 30, 2002 and 2001


                                                                      2002         2001
                                                                  ------------  ---------
<S>                                                               <C>            <C>
Net earnings                                                      $    393,213   228,182

Other comprehensive income, net of tax:
  Unrealized gains on investment
    securities available-for-sale:
      Unrealized gains arising during the period, net of income
        taxes of $301,398 and $221,906                                 491,755   450,170
      Reclassification adjustment for gains included in
        net earnings, net of income tax of $30,810 and  $31,385        (50,269)  (51,206)
                                                                  ------------  ---------

Other comprehensive income                                             441,486   398,964
                                                                  ------------  ---------

Comprehensive income                                              $    834,699   627,146
                                                                  ============  =========
<FN>
See  accompanying  notes  to  unaudited  consolidated  financial  statements.
</TABLE>


                                      -5-
<PAGE>
<TABLE>
<CAPTION>
                              DECATUR  FIRST  BANK  GROUP,  INC.

                                   Statements of Cash Flows

                     For the Nine Months Ended September 30, 2002 and 2001
                                          (Unaudited)


                                                                       2002           2001
                                                                   -------------  ------------
<S>                                                                       <C>            <C>
Cash flows from operating activities:
 Net earnings                                                      $    393,213       228,182
 Adjustments to reconcile net earnings to net
   cash provided by operating activities:
     Provision for loan losses                                          250,000       300,000
     Depreciation, amortization and accretion                           199,066       171,984
     Securities gains                                                   (81,079)      (82,591)
                Provision for stock awards                                7,398        10,075
     Change in other                                                    (42,391)      277,008
                                                                   -------------  ------------

         Net cash provided by operating activities                      726,207       904,658
                                                                   -------------  ------------

Cash flows from investing activities:
 Net change in interest-bearing deposits in banks                       260,176    (2,431,010)
 Proceeds from maturities and paydowns
   of investment securities available for sale                       10,028,677     8,983,884
 Proceeds from sales of investment securities available for sale      9,816,138
 Purchases of investment securities available for sale              (16,486,473)  (20,366,607)
 Change in loans                                                    (13,111,782)   (7,592,300)
 Purchases of premises and equipment                                   (655,756)      (27,808)
                                                                   -------------  ------------

         Net cash used by investing activities                      (10,149,020)  (21,433,841)
                                                                   -------------  ------------

Cash flows from financing activities:
 Net change in deposits                                               5,611,874    11,718,045
 Proceeds from borrowings                                             4,980,000     5,000,000
       Repayment of borrowings                                       (4,650,000)     (105,000)
 Purchase of treasury shares                                           (107,500)      (26,000)
                                                                   -------------  ------------

         Net cash provided by financing activities                    5,834,374    16,587,045
                                                                   -------------  ------------

Net change in cash and cash equivalents                              (3,588,439)   (3,942,138)

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

Cash and cash equivalents at end of the period                     $  5,731,193     8,270,378
                                                                   =============  ============

Noncash investing activities:
 Change in unrealized gain/loss on securities available for sale,
   net of tax                                                      $    441,486       398,964
<FN>
See  accompanying  notes  to  unaudited  consolidated  financial  statements.
</TABLE>


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

(1)     ORGANIZATION  AND  BASIS  OF  PRESENTATION

Decatur  First Bank Group, Inc. (the Company), a bank holding company, owns 100%
of the outstanding common stock of Decatur First Bank (the Bank), which operates
in the Decatur, Georgia area.  The 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  September  30, 2002 and for the interim periods ended September 30, 2002
and  2001  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, 2001 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  2001  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, 2001 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          Nine months
                                              Ended September 30    Ended September 30
                                             --------------------  --------------------
<S>                                          <C>         <C>       <C>        <C>
                                                2002       2001      2002       2001
                                             ----------  --------  ---------  ---------
Basic earnings per share:
Net earnings                                 $  169,860    64,274    393,213    228,182
Weighted average common shares outstanding      923,952   941,594    925,348    942,439
Per share amount                             $      .18       .07        .42        .24
                                             ==========  ========  =========  =========

Diluted earnings per share:
Net earnings                                 $  169,860    64,274    393,213    228,182
Effect of dilutive securities-stock options      20,749    18,469     20,749     18,469
Diluted earnings per share                   $      .18       .07        .42        .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 Nine months Ended September 30, 2002 and 2001

The  following  is  a  discussion of our financial condition as of September 30,
2002  compared to December 31, 2001, and the results of operations for the three
and  nine  months  ended  September 30, 2002 and 2001.  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  nine  months  ended  September  30,  2002, net interest income totaled
$2,453,000  as  compared  to  $2,140,000  for the same period in 2001.  Interest
income from loans, including fees decreased $87,000 or 3% to $2,492,000 for  the
nine  months  ended  September  30, 2002.  This decrease in income was more than
offset  by a decrease in interest expense, which totaled $1,048,000 for the nine
months ended September 30, 2002 compared to $1,989,000 in 2001.  The increase in
net  interest  income  is  due to the overall decrease in average interest rates
paid  on  deposit  accounts  and  the  shift  of  interest  earning  assets from
investment  securities  into loans.  The net interest margin realized on earning
assets  and  the  interest rate spread were  4.14% and  3.57%, respectively, for
the  nine  months ended September 30, 2002.  For the nine months ended September
30,  2001,  the  net interest margin was  3.70% and the interest rate spread was
2.79%.

For  the quarter ended September 30, 2002, interest income totaled $1,232,000 as
compared to $1,390,000 for the same period in 2001.  This decrease was more than
offset by a decrease in interest expense, which totaled $375,000 for the quarter
ended  September 30, 2002 compared to $656,000 for the same period in 2001.  The
increase  in  net  interest  income  is  due  to the overall decrease in average
interest  rates  paid  on  deposit  accounts  and  the shift of interest earning
assets  from  investment  securities  into  loans.


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


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

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

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

 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 September 30, 2002, 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 $250,000 for
the  nine  months  ended September 30, 2002 as compared to $300,000 for the nine
months  ended September 30, 2001.  The provision for the quarter ended September
30,  2002  was  $100,000  compared to $175,000 for the same period in 2001.  The
decrease  in  the provision was due to the fact that certain loans had been down
graded  in 2001 due to deterioration of the borrower's financial condition.  The
allowance for loan losses was 1.24% of gross loans at September 30, 2002.  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 nine months ended September 30, 2002 totaled $501,000
as  compared  to  $445,000  for  the  nine months ended September 30, 2001.  The
increase  in  noninterest  income  was  due to an increase in service charges on
deposit  accounts during the nine months ended September 30, 2002 as compared to
the  same  period  in  2001.

Noninterest  income for the quarter ended September 30, 2002 totaled $223,000 as
compared  to $175,000 for the quarter ended September 30, 2001.  The increase in
noninterest income was due to an increase in service charges on deposit accounts
and  an increase in the gain on sale of investment securities available-for-sale
during  the  quarter  ended September 30, 2002 as compared to the same period in
2001.

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

Total  noninterest  expense  for  the  nine  months ended September 30, 2002 was
$2,070,000  as  compared  to  $1,911,000  for  the  same  period in 2001.  Total
noninterest  expense  for the three months ended September 30, 2002 was $703,000
as compared to $623,000 for the same period in 2001.  Salaries and benefits, the
largest component of noninterest expense, totaled $1,082,000 for the nine months
ended  September  30,  2002, compared to $969,000 for the same period a year ago
and  totaled  $379,000  for  the  quarter  ended September 30, 2002, compared to
$313,000 for the same period in 2001. These increases were due to an increase in
staff  to  handle the increased number of customers and normal salary increases.
Other  operating  expenses were $779,000 for the nine months ended September 30,
2002  as  compared  to  $694,000  for  the nine months ended September 30, 2001.
These  increases  in noninterest expenses are due to the continued growth of the
Bank.


                                      -9-
<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 nine and three months ended September 30, 2002 was
$241,000 and $107,000, respectively.   Income tax expense for the nine and three
months  ended  September  30,  2001 was $146,000 and $46,000, respectively.  The
effective  tax  rate  was  approximately  38%  during  2002 and 39% during 2001.

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

The  combination  of  the above factors resulted in net earnings of $393,000 for
the  nine  months ended September 30, 2002 compared to net earnings for the nine
months  ended  September  30,  2001 of $228,000.   Net earnings for the quarters
ended  September  30,  2002  and  2001  were $170,000 and $64,000, respectively.
Basic  earnings  per share was $.42 for the nine months ended September 30, 2002
compared to basic earnings per share of $.24 for the same period in 2001.  Basic
earnings per share was $.18 for the quarter ended September 30, 2002 compared to
basic  earnings  per  share  of  $.07  for the quarter ended September 30, 2001.

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

During  the first nine months of 2002, total assets increased $6,874,000, or 8%,
when  compared  to December 31, 2001. The primary source of growth in assets was
loans,  which  increased  $12,862,000,  or  31%, during the first nine months of
2002.  Investment  securities  available-for-sale  decreased  $2,624,000  from
December  31,  2001  to  $24,727,000  at  September  30,  2002.  Total  deposits
increased  $5,612,000,  or 9%, from the December 31, 2001 amount of $64,660,000.

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

Investment  securities  available-for-sale decreased $2,624,000 from $27,351,000
at December 31, 2001 to $24,727,000 at September 30, 2002. 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 September 30,
2002.

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

Premises and equipment, net of depreciation, totaled $2,467,000 at September 30,
2002.  The  increase of $515,000 from the December 31, 2001 amount of $1,952,000
was  due  to  the  purchase of the main office of the Bank, which had previously
been  leased.

LOANS
-----

Gross  loans  totaled  $55,427,000  at  September  30,  2002,  an  increase  of
$12,954,000  or  31% since December 31, 2001.  The largest increase in loans was
in  Real estate - mortgage, which increased $10,776,000 or 41% to $36,782,000 at
September 30, 2002.  Balances within the major loans receivable categories as of
September  30,  2002  and  December  31,  2001  are  as  follows:

<TABLE>
<CAPTION>
                                        SEPTEMBER 30, 2002   DECEMBER 31, 2001
<S>                                     <C>                  <C>
Commercial, financial and agricultural  $        10,320,653  $       11,142,289
Real estate - construction                        6,101,028           2,913,723
Real estate - mortgage                           36,782,222          26,005,923
Consumer                                          2,222,819           2,410,904
                                        -------------------  ------------------

                                        $        55,426,722  $       42,472,839
                                        ===================  ==================
</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>



                                                                September 30,
                                                       -------------------------------
                                                            2002             2001
                                                       ---------------  --------------
<S>                                                    <C>              <C>
 Balance, January 1,                                   $      595,279   $     534,568
 Provision for loan losses for the period                     250,000         300,000
 Net loans (charged off) recovered for the period            (157,899)        (75,837)
                                                       ---------------  --------------

 Balance, end of period                                $      687,380   $     758,731
                                                       ===============  ==============

 Gross loans outstanding, end of period                $   55,426,722   $  42,843,571
                                                       ===============  ==============

 Allowance for loan losses to gross loans outstanding            1.24%           1.77%
                                                       ===============  ==============
</TABLE>

DEPOSITS
--------

At  September  30,  2002  total  deposits  increased  by  $5,612,000, or 9% from
December  31,  2001.   Noninterest-bearing demand deposits increased $687,000 or
5%  and  interest-bearing  deposits  increased  $4,925,000  or  10%.

Balances  within  the  major  deposit  categories  as  of September 30, 2002 and
December  31,  2001  as  follows:

<TABLE>
<CAPTION>
                                           September 30, 2002   December 31, 2001
                                           -------------------  ------------------
<S>                                        <C>                  <C>
Noninterest-bearing demand deposits        $        15,329,685  $       14,642,748
Interest-bearing demand deposits                    22,944,950          23,201,847
Savings deposits                                     1,595,666           1,353,884
Certificates of deposit $100,000 and over           12,803,034           9,387,020
Other time deposits                                 17,598,142          16,074,104
                                           -------------------  ------------------

                                           $        70,271,477  $       64,659,603
                                           ===================  ==================
</TABLE>

LIQUIDITY
---------

The  Company's  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
68%  at  September  30,  2002  and  66%  at  December  31,  2001.

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 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.  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.


                                      -11-
<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.
The Company uses 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  the  Company's  off-balance-sheet  financial
instruments  whose  contract  amounts  represent credit risk as of September 30,
2002:

     Commitments to extend credit                        $      16,484,000

     Standby letters of credit                           $         113,000


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 $9,264,000 at December 31, 2001 to
$9,999,000  at  September  30,  2002.  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%.  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 the Bank's capital ratios at September 30, 2002:


     Tier  1  capital  (to  risk-weighted  assets)                        12.16%
     Total  capital  (to  risk-weighted  assets)                          13.13%
     Tier  1  capital  (to  total  average  assets)                        9.94%


                                      -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

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,  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 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
          -----------------------------------------------------------

          There  were  no  matters  submitted  to  shareholders during the third
          quarter  of  2001.

Item  5.  Other  Information
          ------------------
          Shareholder  proposals  submitted for consideration at Decatur First's
          2003  Annual Meeting of Shareholders must be received by Decatur First
          no  later  than  December  1,  2002,  to be included in the 2003 proxy
          materials.  A shareholder must notify Decatur First before February 1,
          2003  if  the shareholder has a proposal to present at the 2003 Annual
          Meeting  which  the  shareholder  intends  to  present  other  than by
          inclusion in Decatur First's proxy material. If Decatur First does not
          receive  notice  prior  to  February 1, 2003, proxies solicited by the
          management  of  Decatur First will confer discretionary authority upon
          the  management  of  Decatur  First  to  vote  upon  any such proposal
..

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

     (a)  Exhibits:  99.1  Certifications  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 Exchange Act, 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 Accounting Officer


                                     Date:  NOVEMBER 11, 2002
                                            -------------------


                                      -15-
<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:  November 11, 2002



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


                                      -16-
<PAGE>
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION
                      906 OF THE SARBANES-OXLEY ACT OF 2002


The undersigned hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant  to  Section 906 of the Sarbanes-Oxley Act of 2002, that this Quarterly
Report  on  Form  10-QSB for the quarter ended September 30, 2002 fully complies
with  the  requirements of Section 13(a) or 15(d) of the Securities Exchange Act
of  1934,  as  amended,  and  the  information  contained  in such report fairly
presents,  in  all  material  respects,  the  financial condition and results of
operations  of  the  Company.

This  11th  day  of  November,  2002.

/S/  JUDY B. TURNER
---------------------
Judy B. Turner
President,  Chief  Executive  Officer  and  Principal  Financial  and Accounting
Officer


                                      -17-
<PAGE>