Community Capital Bancshares, Inc 11-K 12-31-2004

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
___________


FORM 11-K

FOR ANNUAL REPORTS OF EMPLOYEE STOCK
REPURCHASE SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934



x
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the fiscal year ended: December 31, 2004.

OR

o
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the transition period from ________ to ____________


Commission file number: 000-25345

A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:

THE ALBANY BANK & TRUST
SECTION 401(K) PROFIT SHARING PLAN


B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

COMMUNITY CAPITAL BANCSHARES, INC.
2815 MEREDYTH DRIVE
ALBANY, GEORGIA 31707
 
 

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Financial Statements and Exhibits
 
Albany Bank & Trust 401(K) Profit Sharing Plan
Sponsored by Albany Bank & Trust, N.A.

Financial Information -- Small Plan
from Schedule I of the Annual Report on Form 5500 for the plan year ended December 31, 2004
 
 
Plan Assets and Liabilities:
          
   
As of
  
As of
  
   
January 1, 2004
  
December 31, 2004
  
Total plan assets
    
663,759
   
876,300
 
Total plan liabilities
    
-
   
-
 
Net Plan assets
    
663,759
   
876,300
 
 

Income, Expenses, and Transfers for the Plan Year:
      
   
For the Plan Year Ended December 31, 2004
 
Contributions received or receivable
      
Employers
    
82,009
 
Participants
    
164,274
 
Others (including rollovers)
    
17,567
 
Noncash contributions
    
-
 
Other income
    
39,256
 
Total Income
    
303,106
 
         
Benefits paid
    
81,939
 
Corrective distributions
    
3,792
 
Certain deemed distributions of participant loans
    
-
 
Other expenses
    
4,834
 
Total Expenses
    
90,565
 
Net Income
    
212,541
 
 
SUMMARY ANNUAL REPORT
FOR ALBANY BANK & TRUST 401(K) PROFIT SHARING PLAN

This is a summary of the annual report for the ALBANY BANK & TRUST 401(k) PROFIT SHARING PLAN, EIN 58-2413470, Plan No. 001, for the period January 1, 2004 through December 31, 2004. The annual report has been filed with the Employee Benefits Security Administration, U.S. Department of Labor, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Basic Financial Statement

Benefits under the plan are provided through a trust fund. Plan expenses were $90,565. These expenses included $81,939 in benefits paid to participants and beneficiaries and $4,834 in other expenses. A total of 94 persons were participants in or beneficiaries of the plan at the end of the plan year.

The value of plan assets, after subtracting liabilities of the plan, was $876,300 as of December 31, 2004, compared to $663,759 as of January 1, 2004. During the plan year the plan experienced an increase in its net assets of $212,541. This increase includes unrealized appreciation and depreciation in the value of plan assets; that is, the difference between the value of the plan’s assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. The plan had total income of $303,106 including employer contributions of $82,009, employee contributions of $164,274, and earnings from investments of $39,256.

Your Rights To Additional Information

You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are included in that report:

 
1.
financial information; and
 
2.
information regarding any common or collective trusts, pooled separate accounts, master trusts or 103-12 investment entities in which the plan participates.

To obtain a copy of the full annual report, or any part thereof, write or call ALBANY BANK & TRUST, P.O. BOX DRAWER 71269, 2815 MEREDYTH DRIVE, ALBANY, GA 31707, telephone (229) 446-2201.

The plan has met the requirements to waive the annual examination and report of an independent qualified public accountant. As of the end of the plan year, the following regulated financial institution(s) held or issued plan assets that qualified under the waiver: Fidelity Investments $864,406. You have the right to examine or receive from the plan administrator, on request and at no charge, copies of statements from the regulated financial institutions describing the qualifying plan assets. If you are unable to examine or obtain these documents, contact an EBSA Regional Office for assistance. Information about contacting EBSA regional offices can be found on the Internet at http://www.dol.gov/ebsa.

You also have the legally protected right to examine the annual report at the main office of the plan (ALBANY BANK & TRUST, P.O. BOX DRAWER 71269, 2815 MEREDYTH DRIVE, ALBANY, GA 31707) and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: Public Disclosure Room, Room N1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue NW, Washington, DC 20210.
 
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SIGNATURES


The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on their behalf by the undersigned thereunto duly authorized.


 
THE ALBANY BANK & TRUST
 
SECTION 401(K) PROFIT SHARING PLAN
     
     
     
 
By:
/s/ David J. Baranko
   
David J. Baranko
   
Chief Financial Officer
 
 
Dated: December 19, 2005
 
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