Form 11-K
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, 2006.

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

 
 
 



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 years ended December 31, 2006 and December 31, 2005
 
                   
                   
                   
                   
Plan Assets and Liabilities:
                  
   
As of
 
As of
 
As of
 
As of
 
 
 
January 1, 2006
 
December 31, 2006
 
January 1, 2005
 
December 31, 2005
  
Total plan assets
    
1,210,886
    
1,402,889
    
876,300
   
1,210,886
 
Total plan liabilities
    
-
   
-
   
-
   
-
 
Net Plan assets
    
1,210,886
    
1,402,889
    
876,300
   
1,210,886
 
                           
                           
                           
Income, Expenses, and Transfers for the Plan Year:
                          
 
        
 For the Plan Year  
  
 For the Plan Year
       
 
        
 Ended  
  
 Ended
       
 
        
 December 31, 2006  
  
 December 31, 2005
       
Contributions received or receivable
                          
Employers
          
117,055
   
111,893
       
Participants
          
251,252
   
223,645
       
Others (including rollovers)
          
531
   
-
       
Noncash contributions
          
-
   
-
       
Other income
          
152,027
   
50,365
       
Total Income
          
520,865
   
385,903
       
                           
Benefits paid
          
309,373
   
43,905
       
Corrective distributions
          
12,268
   
1,315
       
Certain deemed distributions of participant loans
          
-
   
-
       
Other expenses
          
7,221
   
6,097
       
Total Expenses
          
328,862
   
51,317
       
Net Income
          
192,003
   
334,586
       
                           


 
 
 


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 period January 1, 2006 through December 31, 2006. 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 $328,862. These expenses included $309,373 in benefits paid to participants and beneficiaries and $7,221 in other expenses. A total of 105 persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.

The value of plan assets, after subtracting liabilities of the plan, was $1,402,889 as of December 31, 2006, compared to $1,210,886 as of January 1, 2006. During the plan year the plan experienced an increase in its net assets of $192,003. 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 $520,865 including employer contributions of $117,055, employee contributions of $251,252, and earnings from investments of $152,027.

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, (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 $1,367,463. You have the right, upon request of the Plan Administrator and without charge, to examine or receive copies of statements from the regulated financial institutions describing the qualifying plan assets. If you are unable to examine or obtain these documents, contact a 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, N.W., Washington, D.C. 20210.





 
 
 

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: August 14, 2007