EXHIBIT 99.1

                       2000 ANNUAL REPORT TO SHAREHOLDERS




                        FUTURUS FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)


                              FINANCIAL STATEMENTS

                           DECEMBER 31, 2000 AND 1999

                 (WITH INDEPENDENT ACCOUNTANTS' REPORT THEREON)

<PAGE>



               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS




To  the  Board  of  Directors
Futurus  Financial  Services,  Inc.


We  have  audited the accompanying balance sheets of Futurus Financial Services,
Inc. (a development stage corporation) as of December 31, 2000 and 1999, and the
related  statements  of  operations,  changes  in stockholder's deficit and cash
flows  for  the  year  ended  December 31, 2000, the period from August 12, 1999
(inception) to December 31, 1999 and the period from August 12, 1999 (inception)
to  December  31, 2000. These financial statements are the responsibility of the
Company's  management.  Our  responsibility  is  to  express an opinion on these
financial  statements  based  on  our  audits.

We  conducted  our  audits  in  accordance  with  generally  accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the  amounts and disclosures in the financial statements. An audit also includes
assessing  the  accounting  principles  used  and  significant estimates made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that  our  audits  provide  a  reasonable  basis  for  our opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the  financial position of Futurus Financial Services,
Inc.  as of December 31, 2000 and 1999 and the results of its operations and its
cash flows for the year ended December 31, 2000, the period from August 12, 1999
(inception) to December 31, 1999 and the period from August 12, 1999 (inception)
to  December  31,  2000  in  conformity  with  generally  accepted  accounting
principles.

The  accompanying  financial statements have been prepared assuming that Futurus
Financial  Services, Inc. will continue as a going concern. As discussed in note
1  to the financial statements, the Company is in the organization stage and has
not  commenced  operations.  Also,  as discussed in note 3, the Company's future
operations  are dependent on obtaining capital through an initial stock offering
and  obtaining  the  necessary final regulatory approvals. These factors and the
expense  associated  with  development  of  a  new  banking  institution  raise
substantial  doubt  about  the Company's ability to continue as a going concern.
Management's  plans  in  regard  to  these  matters are described in note 3. The
financial  statements  do  not  include  any  adjustments  relating  to  the
recoverability of reported asset amounts or the amount of liabilities that might
result  from  the  outcome  of  this  uncertainty.

                                          /s/  Porter  Keadle  Moore,  LLP


Atlanta,  Georgia
March  27,  2001

<PAGE>
<TABLE>
<CAPTION>
                          FUTURUS FINANCIAL SERVICES, INC.
                         (A DEVELOPMENT STAGE CORPORATION)

                                   BALANCE SHEETS

                             DECEMBER 31, 2000 AND 1999

                                       Assets
                                       ------


                                                                2000        1999
                                                             -----------  ---------
<S>                                                          <C>          <C>
Cash                                                         $   19,465      6,559
Restricted cash                                               1,829,575          -
Premises and equipment, net                                     296,583      2,012
Deferred offering expenses                                      203,477     12,000
Other assets                                                      6,822      1,583
                                                             -----------  ---------

                                                             $2,355,922     22,154
                                                             ===========  =========

                       Liabilities and Stockholder's Deficit
                       --------------------------------------

Accounts payable and accrued expenses                        $   82,829     35,710
Notes payable to organizers                                      90,000          -
Subscribers' deposits                                         1,829,575          -
Note payable - line of credit                                 1,194,260    170,000
                                                             -----------  ---------

Total liabilities                                             3,196,664    205,710
                                                             -----------  ---------

Stockholder's deficit:
Preferred stock, no par value, 2,000,000 shares authorized;
no shares issued or outstanding                                       -          -
Common stock, no par value, 10,000,000 shares authorized;
1 share issued and outstanding                                       10         10
Deficit accumulated during the development stage               (840,752)  (183,566)
                                                             -----------  ---------

Total stockholder's deficit                                    (840,742)  (183,556)
                                                             -----------  ---------

                                                             $2,355,922     22,154
                                                             ===========  =========
</TABLE>


See  accompanying  notes  to  financial  statements.
<PAGE>
<TABLE>
<CAPTION>
                        FUTURUS FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                            STATEMENTS OF OPERATIONS

                      FOR THE YEAR ENDED DECEMBER 31, 2000,
        THE PERIOD FROM AUGUST 12, 1999 (INCEPTION) TO DECEMBER 31, 1999
      AND THE PERIOD FROM AUGUST 12, 1999 (INCEPTION) TO DECEMBER 31, 2000


                                        Period from      Period from
                        Year ended    August 12, 1999  August 12, 1999
                       December 31,   to December 31,  to December 31,
                           2000            1999             2000
                       -------------  ---------------  ---------------
<S>                    <C>            <C>              <C>
Expenses:
 Legal and consulting  $     115,834           90,795          206,629
 Officer compensation        332,884           48,047          380,931
 Interest                     61,163            2,300           63,463
 Other operating             147,305           42,424          189,729
                       -------------  ---------------  ---------------

 Net loss              $     657,186          183,566          840,752
                       =============  ===============  ===============

</TABLE>


See  accompanying  notes  to  financial  statements.
<PAGE>
<TABLE>
<CAPTION>
                         FUTURUS FINANCIAL SERVICES, INC.
                         (A DEVELOPMENT STAGE CORPORATION)

                  STATEMENTS OF CHANGES IN STOCKHOLDER'S DEFICIT

                       FOR THE YEAR ENDED DECEMBER 31, 2000
       AND THE PERIOD FROM AUGUST 12, 1999 (INCEPTION) TO DECEMBER 31, 1999


                                                             Deficit
                                                           Accumulated
                                                            During the
                                       Preferred   Common  Development
                                         Stock     Stock      Stage        Total
                                       ----------  ------  ------------  ---------
<S>                                    <C>         <C>     <C>           <C>
Issuance of common stock to organizer  $        -      10            -         10

Net loss                                        -       -     (183,566)  (183,556)
                                       ----------  ------  ------------  ---------

Balance, December 31, 1999                      -      10     (183,566)  (183,556)

Net loss                                        -       -     (657,186)  (657,186)
                                       ----------  ------  ------------  ---------

Balance, December 31, 2000             $        -      10     (840,752)  (840,742)
                                       ==========  ======  ============  =========
</TABLE>

See  accompanying  notes  to  financial  statements.
<PAGE>
<TABLE>
<CAPTION>
                                     FUTURUS FINANCIAL SERVICES, INC.
                                     (A DEVELOPMENT STAGE CORPORATION)

                                         STATEMENTS OF CASH FLOWS

                                   FOR THE YEAR ENDED DECEMBER 31, 2000,
                     THE PERIOD FROM AUGUST 12, 1999 (INCEPTION) TO DECEMBER 31, 1999,
                   AND THE PERIOD FROM AUGUST 12, 1999 (INCEPTION) TO DECEMBER 31, 2000


                                                                          Period from       Period from
                                                          Year Ended    August 12, 1999   August 12, 1999
                                                         December 31,   to December 31,   to December 31,
                                                             2000             1999              2000
                                                        --------------  ----------------  ----------------
<S>                                                     <C>             <C>               <C>
Cash flows from operating activities:
  Net loss                                              $    (657,186)         (183,566)         (840,752)
  Adjustments to reconcile net loss to net
    cash used in operating activities:
      Depreciation                                             19,809               503            20,312
      Increase in other assets                                 (5,239)           (1,583)           (6,822)
      Increase in accounts payable and
        accrued expenses                                       47,119            35,710            82,829
                                                        --------------  ----------------  ----------------

           Net cash used by operating activities             (595,497)         (148,936)         (744,433)
                                                        --------------  ----------------  ----------------

Cash flows from investing activities:
  Purchase of premises and equipment                         (314,380)           (2,515)         (316,895)
  Deferred offering expenses                                 (191,477)          (12,000)         (203,477)
                                                        --------------  ----------------  ----------------

           Net cash used by investing activities             (505,857)          (14,515)         (520,372)
                                                        --------------  ----------------  ----------------

Cash flows from financing activities:
  Sale of organization share of common stock                        -                10                10
  Proceeds from note payable                                1,024,260                 -         1,194,260
  Proceeds from notes payable to organizers                    90,000           170,000            90,000
                                                        --------------  ----------------  ----------------

           Net cash provided by financing activities        1,114,260           170,010         1,284,270
                                                        --------------  ----------------  ----------------

Net increase in cash                                           12,906             6,559            19,465
                                                        --------------  ----------------  ----------------

Cash at beginning of period                                     6,559                 -                 -
                                                        --------------  ----------------  ----------------

Cash at end of period                                   $      19,465             6,559            19,465
                                                        ==============  ================  ================

Supplemental disclosure of cash flow information:
  Cash paid for interest                                $      58,861             1,249            60,110
                                                        ==============  ================  ================

  During the year ended December 31, 2000, restricted
    cash increased $1,829,575 as a result of subscriptions
    for common stock and corresponding deposits to the
    escrow account.
</TABLE>

See  accompanying  notes  to  financial  statements.
<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                          NOTES TO FINANCIAL STATEMENTS


(1)  ORGANIZATION
     ------------
     Futurus  Financial  Services,  Inc.  (the Company) was incorporated for the
     purpose  of becoming a bank holding company. The Company intends to acquire
     100%  of  the  outstanding  common  stock  of Futurus Bank, N.A. (the Bank)
     (Proposed),  which  will  operate  in  northern  Fulton  County  in  the
     metropolitan  Atlanta,  Georgia  area.  The  organizers of the Bank filed a
     joint application to charter the Bank with the Office of the Comptroller of
     Currency and the Federal Deposit Insurance Corporation on October 15, 1999.
     Provided  that  the application is timely approved and necessary capital is
     raised,  it is expected that operations will commence in the second quarter
     of  2001.

     Operations  through  December  31, 2000 relate primarily to expenditures by
     the  organizers  for  incorporating  and  organizing  the  Company.  All
     expenditures  by the organizers are considered expenditures of the Company.

     The  Company  plans  to raise between $7,500,000 and $11,000,000 through an
     offering  of its common stock at $10 per share, of which $7,000,000 will be
     used  to  capitalize  the  Bank.  The  organizers  and  directors expect to
     subscribe for a minimum of approximately $2,629,500 of the Company's stock.

     In  connection  with the Company's formation and initial offering, warrants
     to  purchase  shares  of common stock at $10.00 per share will be issued to
     the  organizing  stockholders.  Warrants  will  be issued to the organizing
     stockholders  to purchase an aggregate number of shares equal to 22% of the
     number  of  shares sold in the initial offering, up to a maximum of 241,200
     shares.  The  warrants  are  exercisable  on  each  of the three succeeding
     anniversaries  of  the  date  of  the  close of the initial offering at the
     initial  offering  price of $10.00 per share and expire ten years after the
     date  of  grant.  The Company also intends to reserve 88,000 shares for the
     issuance  of  options  under  an  employee  incentive  stock  option  plan.

(2)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
     ----------------------------------------------
     ORGANIZATION  COSTS
     Costs incurred for the organization of the Company and the Bank (consisting
     principally  of  legal,  accounting, consulting and incorporation fees) are
     being  expensed  as  incurred.

     DEFERRED  OFFERING  EXPENSES
     Costs incurred in connection with the stock offering, consisting of direct,
     incremental  costs  of  the offering, are being deferred and will be offset
     against  the  proceeds  of  the  stock  sale  as  a  charge  to  capital.

     PRE-OPENING  EXPENSES
     Costs  incurred  for  overhead and other operating expenses are included in
     the  current  period's  operating  results.

     PROFORMA  NET  LOSS  PER  COMMON  SHARE
     Proforma  net  loss  per common share is calculated by dividing net loss by
     the  minimum  number of common shares (750,000), which would be outstanding
     should  the  offering  be  successful,  as  prescribed  in Staff Accounting
     Bulletin  Topic  1:B.  The  proforma  net loss per share for the year ended
     December  31,  2000  was  $.88, for the period from August 12, 1999 through
     December  31, 1999 was $.24 and for the period from August 12, 1999 through
     December  31,  2000  was  $1.12.

<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                    NOTES TO FINANCIAL STATEMENTS, CONTINUED

(2)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES,  CONTINUED
     ----------------------------------------------------------
     PREMISES  AND  EQUIPMENT
     Premises  and  equipment  are stated at cost less accumulated depreciation.
     Depreciation  is provided using the straight-line method over the estimated
     useful  lives  of  the  assets. Leasehold improvements are amortized on the
     straight-line  method over the shorter of the estimated useful lives of the
     improvements  or  the  terms  of  the  related  leases.  Costs incurred for
     maintenance  and  repairs  are  expensed  currently.

     Depreciation  expense  is  computed using the straight-line method over the
     following  estimated  useful  lives:

     Leasehold  improvements       1  -  2  years
     Furniture  and  equipment     3  -  10  years

(3)  LIQUIDITY  AND  GOING  CONCERN  CONSIDERATIONS
     ----------------------------------------------
     The  Company  incurred a net loss of $657,186 for 2000 and $183,566 for the
     period  from  August 12, 1999 (inception) to December 31, 1999. At December
     31,  2000,  liabilities  exceeded  assets  by  $840,742.

     At December 31, 2000, the Company is funded by a line of credit from a bank
     and  notes  payable to its organizers. Management believes that the current
     level  of  expenditures  is  well  within the financial capabilities of the
     organizers  and  adequate  to  meet  existing  obligations and fund current
     operations, but obtaining final regulatory approvals and commencing banking
     operations  is  dependent  on  successfully  completing the stock offering.

     To  provide  permanent  funding for its operation, the Company is currently
     offering  between  750,000  and 1,100,000 shares of its no par value common
     stock  at $10 per share in an initial public offering. Costs related to the
     organization  and  registration  of the Company's common stock will be paid
     from  the  gross  proceeds  of  the  offering.  The  share issued, which is
     outstanding  at  December  31, 2000, will be redeemed concurrently with the
     consummation  of  the  offering.

(4)  RESTRICTED  CASH
     ----------------
     At  December  31,  2000,  subscribers'  deposits of $1,829,575 were held in
     escrow.  The  escrow  agreement  prohibits  the  release  of  funds  until
     subscriptions  of  $8,000,000  have been received, the Company has obtained
     regulatory  approval to acquire the stock of the Bank and thereafter become
     a  bank holding company, and the Bank has received preliminary approval for
     its  application  for  a  charter  from  the  regulatory  authorities.  All
     subscriptions  will  be  returned  in full if these conditions are not met.

     On  February  2,  2001,  Amendment  No.  2  to  the  Company's Registration
     Statement  on  Form  SB-2  was  declared  effective  by  the Securities and
     Exchange Commission ("SEC"). The primary purpose for amending the Company's
     Registration Statement was to extend the offering period, and to reduce the
     minimum  offering  amount  from  900,000  shares of common stock to 750,000
     shares.  Under current SEC rules and interpretive guidelines, any reduction
     in  the  amount  of  securities  offered pursuant to a "best-efforts" offer
     requires  the  issuer  to  return any escrow deposits already received from
     investors  under  the  terms  of  the unrevised offering. Consequently, the
     Company was required to return the escrow deposits to investors prior to or
     concurrently  with  its  resolicitation of investor interest in the amended
     offering.  Subsequent  to  returning the escrow deposits, the Company began
     accepting  escrow  deposits  for  its issuance of the new minimum amount of
     shares under its filing with the SEC. As of March 27, 2001, the Company had
     received subscriptions for approximately $8,052,000, of which approximately
     $7,976,000  had  been  received  in  escrow  deposits.

<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                    NOTES TO FINANCIAL STATEMENTS, CONTINUED


(5)  PREMISES  AND  EQUIPMENT
     ------------------------
     Major  classifications of premises and equipment are summarized as follows:

<TABLE>
<CAPTION>
                                          2000    1999
                                        --------  -----
<S>                                     <C>       <C>
        Leasehold improvements          $ 75,561      -
        Furniture and equipment           86,370  2,515
        Construction in progress         153,670      -
                                        --------  -----

                                         315,601  2,515
        Less: Accumulated depreciation    19,018    503
                                        --------  -----

                                        $296,583  2,012
                                        ========  =====
</TABLE>

     Depreciation  expense  amounted  to $18,515 for the year ended December 31,
     2000,  $503  for  the period from August 12, 1999 through December 31, 1999
     and  $19,018 for the period from August 12, 1999 through December 31, 2000.

(6)  LINE  OF  CREDIT
     ----------------
     Organization,  offering and pre-opening costs incurred prior to the opening
     for business will be funded under a $1,200,000 line of credit. The terms of
     the existing line of credit, which is guaranteed by most of the organizers,
     include  a  maturity  of  May  24,  2001  and  interest, payable quarterly,
     calculated  at  one-half  percent  below  the  prime  interest  rate.

(7)  NOTES  PAYABLE  TO  ORGANIZERS
     ------------------------------
     Certain of the organizers of the Company have advanced funds to the Company
     under  note  payable  agreements.  These  notes  payable  bear  interest at
     one-half  percent  below  the  prime  interest  rate  and will be repaid by
     proceeds  from  the  offering.

(8)  PREFERRED  STOCK
     ----------------
     Shares  of  preferred  stock may be issued from time to time in one or more
     series  as  established  by  resolution  of  the  Board of Directors of the
     Company.  Each  resolution  shall  include  the  number  of  shares issued,
     preferences,  special  rights  and  limitations as determined by the Board.

(9)  COMMITMENTS
     -----------
     The  Company has entered into employment agreements with its President, its
     Chief  Financial  Officer  and  its  Chief  Lending/Credit  Officer.  These
     employment  agreements  provide  for an initial term of three years, a base
     salary,  an  incentive  bonus  based  on  the  Company's performance, stock
     options,  and  other  perquisites  commensurate  with  their  employment.

     The Company has entered into an operating lease agreement for its temporary
     corporate  office.  The  lease  agreement  is on a month-to-month basis and
     requires  monthly  rental  payments  of  $1,800.

<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                    NOTES TO FINANCIAL STATEMENTS, CONTINUED


(9)  COMMITMENTS,  CONTINUED
     -----------------------
     The Company has entered into an operating lease agreement for its permanent
     main  office.  The  term  of  the  lease agreement is twelve years with two
     five-year renewal options. During 2000, the Company paid $20,000 related to
     this  lease  agreement.  Approximate  future minimum rental payments are as
     follows:

        For the year ended
              2001              $   117,000
              2002                  176,000
              2003                  179,000
              2004                  183,000
              2005                  187,000
           Thereafter             1,378,000
                                 ----------

                                 $2,220,000
                                 ==========

(10) INCOME  TAXES
     -------------
     The  following  summarizes  the  sources  and  expected tax consequences of
     future taxable deductions which comprise the net deferred taxes at December
     31,  2000  and  1999:

<TABLE>
<CAPTION>
                                               2000          1999
                                          ---------------  --------
<S>                                       <C>              <C>
      Deferred tax assets
         Pre-opening expenses             $      295,059    68,809
         Operating loss carryforwards             24,091       873
                                          ---------------  --------

         Total gross deferred tax assets         319,150    69,682
         Less valuation allowance               (319,150)  (69,682)
                                          ---------------  --------

         Net deferred taxes               $            -         -
                                          ===============  ========
</TABLE>

     The  future  tax  consequences  of  the  differences  between the financial
     reporting and tax basis of the Company's assets and liabilities resulted in
     a net deferred tax asset. A valuation allowance was established for the net
     deferred  tax  asset,  as  the  realization of these deferred tax assets is
     dependent  on  future  taxable  income.

<PAGE>

<PAGE>