ALBANY, Ga., March 14 /PRNewswire-FirstCall/ -- Community Capital
Bancshares Inc. (OTC:ALBY) (BULLETIN BOARD: ALBY) today announced a
loss from operations for the twelve months ended December 31, 2007
of $559,906 or $0.18 per basic and diluted share. This compares
with net income of $424,346 or $0.14 per basic and diluted share
for the twelve months ended December 31, 2006. Total assets as of
December 31, 2007 were $223,495,000 as compared to $296,936,000 as
of December 31, 2006. The decreased level of assets is the result
of loan payoffs from the former loan production office in
Charleston, South Carolina and the efforts by the subsidiary Banks
to remain compliant with the capital provisions of the Formal
Agreements with the Office of the Comptroller of the Currency. John
H. Monk Jr., President and CEO stated, "Throughout 2007 we worked
to identify and correct the remaining problem loans in our
portfolio. We feel that we had identified and reserved for these
loans and as we go forward in 2008, it is our desire to generate
solid profitable growth in our present markets. By generating this
growth we can begin to create a positive return to our
stockholders." About Community Capital Bancshares Headquartered in
Albany, Georgia, Community Capital Bancshares is the $223
million-asset holding company for Albany Bank & Trust and
AB&T National Bank. Albany Bank & Trust has three banking
locations in Albany, Georgia, while AB&T National Bank has
offices in Dothan, Ala., and Auburn, Ala. For more information,
please visit the Company's website at
http://www.comcapbancshares.com/ or contact David J. Baranko, CFO
at 229-446-2201. COMMUNITY CAPITAL BANCSHARES, INC. AND
SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) December 31,
2007 and 2006 Assets 2007 2006 Cash and due from banks $ 7,107,596
$ 7,407,953 Federal funds sold 7,365,000 6,400,000 Securities
available for sale, at fair value 57,025,749 38,957,623 Loans
130,983,794 225,630,416 Less allowance for loan losses 2,996,334
5,506,743 Loans, net 127,987,460 220,123,673 Premises and equipment
6,622,103 6,757,642 Premises and equipment held for sale 3,021,531
Goodwill and other intangible assets 2,537,135 2,573,135 Other
assets 14,849,815 11,694,000 $ 223,494,858 $ 296,935,557
Liabilities and Stockholders' Equity Deposits Noninterest-bearing $
17,054,351 $ 19,479,966 Interest-bearing 159,421,408 218,072,656
Total deposits 176,475,759 237,552,622 Other borrowings 19,124,000
31,124,000 Other liabilities 951,803 1,466,928 Total liabilities
196,551,562 270,143,550 Total stockholders' equity 26,943,296
26,792,007 $ 223,494,858 $ 296,935,557 COMMUNITY CAPITAL
BANCSHARES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME
(Unaudited) For the year ended December 31, 2007 2006 Interest
income Loans $ 14,919,798 $ 20,870,788 Investments 2,715,060
2,163,630 Total interest income 17,634,858 23,034,418 Interest
expense Deposits 8,330,329 9,934,176 Other borrowed money 1,371,876
1,655,605 Total interest expense 9,702,205 11,589,781 Net interest
income 7,932,653 11,444,637 Provision for loan losses 2,134,000
2,851,500 Net interest income after provision for loan losses
5,798,653 8,593,137 Other income Service charges on deposit
accounts 924,923 1,243,417 Other operating income 935,064 1,538,577
Total other income 1,859,987 2,781,994 Other expenses Salaries and
employee benefits 4,459,577 5,492,562 Equipment and occupancy
expenses 1,243,870 1,317,231 Other operating expenses 3,031,242
3,854,828 Total other expenses 8,734,689 10,664,621 Income
(loss)before income taxes (1,076,049) 710,510 Income tax expense
(benefit) (516,143) 286,164 Net income (loss) $ (559,906) $ 424,346
Basic earnings per share $ (0.18) $ 0.14 Diluted earnings per share
$ (0.18) $ 0.14 DATASOURCE: Community Capital Bancshares Inc.
CONTACT: David J. Baranko, CFO of Community Capital Bancshares
Inc., +1-229-446-2201 Web site: http://www.comcapbancshares.com/
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