UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-Q


[ X ]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
                       OF THE SECURITIES EXCAHNGE ACT 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

                         Commission File Number 0-11132

                           FIRST BANKING CENTER, INC.
             (Exact name of registrant as specified in its charter)

               Wisconsin                           39-1391327
     (State or other jurisdiction of            (I.R.S. Employer
      incorporation or organization)             Identification No.)



                    400 Milwaukee Ave., Burlington, WI 53105
               (Address of principal executive offices) (Zip Code)



                                 (262) 763-3581
              (Registrant's telephone number, including area code)

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     [ X ]     No [   ]

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of October 29, 2002, Common stock,  $1.00 par value,  1,472,046
shares outstanding.

<PAGE>

                    FIRST BANKING CENTER, INC AND SUBSIDIARY
                                      INDEX
                               September 30, 2002



Part I   Financial Information

         Item 1       Consolidated Financial Statements

                      Unaudited Consolidated Balance Sheets,
                      September 30, 2002 and December 31, 2001

                      Unaudited Consolidated Statements of Income,
                      For the nine months ended September 30, 2002 and 2001

                      Unaudited Consolidated Statements of Cash Flows,
                      For the nine months ended September 30, 2002 and 2001

                      Notes to Unaudited Consolidated Financial Statements

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

         Item 3       Quantitative and Qualitative Disclosures about Market Risk

         Item 4       Controls and Procedures

Part II  Other Information

         Item 1       Legal Proceedings

         Item 2       Changes in Securities and Use of Proceeds

         Item 3       Defaults upon Senior Securities

         Item 4       Submission of Matters to a Vote of Security Holders

         Item 5       Other Information

         Item 6       Exhibits and Reports on Form 8-K

         Signature

<PAGE>

PART I. FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements
<TABLE>
                                    FIRST BANKING CENTER, INC. AND SUBSIDIARY
                                      UNAUDITED CONSOLIDATED BALANCE SHEETS

<CAPTION>

                                                                                       September 30,   December 31,
                                                                                           2002           2001
                                                                                      -------------------------------
                                                                                        (Dollars in thousands)
<S>                                                                                 <C>             <C>
ASSETS
  Cash and due from banks                                                                  $17,173         $20,735
  Federal funds sold                                                                         7,067          12,010
  Interest-bearing deposits in banks                                                         8,352             267
  Available for sale securities                                                             70,174          59,343
  Loans, less allowance for loan losses of $4,541 and
    $4,367 in 2002 and 2001, respectively                                                  362,655         361,705
  Office buildings and equipment, net                                                       10,522          10,521
  Other real estate owned                                                                       53               0
  Other assets                                                                              11,019          11,199
                                                                                      -------------------------------

      TOTAL ASSETS                                                                        $487,015        $475,780
                                                                                      ===============================

LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities
  Deposits
    Demand                                                                                 $65,608         $66,612
    Savings and NOW accounts                                                               163,445         164,904
    Time                                                                                   144,439         120,898
                                                                                      -------------------------------
      Total Deposits                                                                       373,492         352,414
  Short-term borrowings                                                                     21,561          29,199
  Other borrowings                                                                          40,574          47,847
  Other liabilities                                                                          3,717           4,081
                                                                                      -------------------------------

      TOTAL LIABILITIES                                                                   $439,344        $433,541
                                                                                      -------------------------------

STOCKHOLDERS' EQUITY
  Common Stock, $1.00 par value 3,000,000 shares authorized;
    1,489,380 shares issued; 1,471,684 and 1,473,197 shares outstanding
    as of September 30, 2002 and December 31, 2001, respectively                             1,489           1,489
  Surplus                                                                                    4,191           4,184
  Retained Earnings                                                                         40,958          36,649
  Accumulated other comprehensive income                                                     1,745             542
  Common stock in treasury, at cost-17,696 and 16,183 shares
   for September 30, 2002 and December 31, 2001, respectively                                ($712)          ($625)
                                                                                      -------------------------------

      TOTAL STOCKHOLDERS' EQUITY                                                           $47,671         $42,239
                                                                                      -------------------------------

      TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                          $487,015        $475,780
                                                                                      ===============================


                                 "See accompanying notes to financial statements"
</TABLE>

<PAGE>
<TABLE>
                                       FIRST BANKING CENTER, INC. AND SUBSIDIARY
                                      UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

<CAPTION>

                                                                       Three months ended           Nine months ended
                                                                         September 30,                September 30,
                                                                       2002          2001          2002           2001
                                                                 ----------------------------------------------------------
                                                                      (Dollars in thousands, except per share data)
<S>                                                              <C>           <C>           <C>           <C>
INTEREST INCOME
  Interest and fees on loans                                           $6,360        $7,333       $19,159        $22,153
  Interest and dividends on securities:
    Taxable                                                               270           297           818          1,014
    Non-taxable                                                           413           371          1207          1,045
  Interest on federal funds sold                                           31            53            80            213
  Interest on interest-bearing deposits in banks                           40            41            66            112
                                                                 ----------------------------------------------------------
      TOTAL INTEREST INCOME                                             7,114         8,095        21,330         24,537
                                                                 ----------------------------------------------------------

INTEREST EXPENSE
  Interest on deposits                                                  1,634         2,758         4,971          9,088
  Interest on short-term borrowings                                        96           184           325            663
  Interest on other borrowings                                            458           500         1,266          1,316
                                                                 ----------------------------------------------------------
      TOTAL INTEREST EXPENSE                                            2,188         3,442         6,562         11,067
                                                                 ----------------------------------------------------------

      NET INTEREST INCOME                                               4,926         4,653        14,768         13,470

  Provision for loan losses                                                91            90           271            270
                                                                 ----------------------------------------------------------
      NET INTEREST INCOME AFTER PROVISION FOR
        LOAN LOSSES                                                     4,835         4,563        14,497         13,200
                                                                 ----------------------------------------------------------

NON-INTEREST INCOME
  Trust fees                                                              125           138           400            413
  Service charges on deposit accounts                                     523           403         1,414          1,122
  Investment securities gains                                               0             0            13              0
  Automated teller machines                                               102           102           272            272
  Other                                                                   307           276           896            692
                                                                 ----------------------------------------------------------
      TOTAL NON-INTEREST INCOME                                         1,057           919         2,995          2,499
                                                                 ----------------------------------------------------------

NON-INTEREST EXPENSE
  Salary and employee benefits                                          2,095         1,916         6,180          5,639
  Occupancy                                                               253           254           741            727
  Equipment                                                               437           337         1,187          1,010
  Data Processing services                                                224           212           685            595
  Stationary and office supplies                                           85            91           241            283
  Other                                                                   622           702         1,772          1,944
                                                                 ----------------------------------------------------------
      TOTAL NON-INTEREST EXPENSE                                        3,716         3,512        10,806         10,198
                                                                 ----------------------------------------------------------

      INCOME BEFORE INCOME TAXES                                        2,176         1,970         6,686          5,501

  Income taxes                                                            619           507         1,827          1,413
                                                                 ----------------------------------------------------------

      NET INCOME                                                       $1,557        $1,463        $4,859         $4,088
                                                                 ==========================================================

        Basic earnings per share                                        $1.06         $1.00         $3.30          $2.80
        Diluted earnings per share                                      $1.03         $0.99         $3.23          $2.76
        Dividends per share                                             $0.37         $0.34         $0.37          $0.34


                                    "See accompanying notes to financial statements"
</TABLE>

<PAGE>
<TABLE>
                                     FIRST BANKING CENTER, INC. AND SUBSIDIARY
                                  UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

<CAPTION>

                                                                                             Nine months ended
                                                                                               September 30,
                                                                                             2002          2001
                                                                                      -------------------------------
                                                                                         (Dollars in thousands)
<S>                                                                                   <C>          <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                                                                $4,859       $4,088
  Adjustments to reconcile net income to net cash
   provided by (used in) operating activities:
    Depreciation                                                                               637          617
    Provision for loan losses                                                                  271          270
    Disposal of office building and equipment gains                                             (1)           0
    Amortization of premiums and accretion of discounts
      on securities, net                                                                        64           37
    Amortization                                                                                76           76
    Investment securities gains                                                                (13)           0
    Tax benefit of nonqualified stock options exercised                                          7            2
    Increase in other assets                                                                  (569)      (2,844)
    Increase (decrease) in other liabilities                                                  (364)       1,219
                                                                                      -------------------------------
       Net cash provided by operations before loan originations and sales                    4,967        3,465
    Loans originated for sale                                                              (43,896)     (66,590)
    Proceeds from sale of loans                                                             44,733       65,878
                                                                                      -------------------------------

        NET CASH PROVIDED BY OPERATING ACTIVITIES                                            5,804        2,753
                                                                                      -------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Net increase in interest-bearing deposits in banks                                      (8,085)      (9,471)
    Net (increase) decrease in federal funds sold                                            4,943       (4,332)
    Proceeds from sales of available for sale securities                                     7,615        2,786
    Proceeds from maturities and calls of available for sale securities                     54,295       99,948
    Purchase of available for sale securities                                              (70,969)     (89,864)
    Net increase in loans                                                                   (2,058)     (34,706)
    Purchase of office buildings and equipment, net                                           (637)      (1,229)
                                                                                      -------------------------------

        NET CASH USED IN INVESTING ACTIVITIES                                              (14,896)     (36,868)
                                                                                      -------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
    Net increase in deposits                                                                21,078        2,931
    Dividends paid                                                                            (546)        (500)
    Proceeds from other borrowings                                                          10,130       25,000
    Payments on other borrowings                                                           (17,403)     (14,180)
    Net increase (decrease) in short term borrowings                                        (7,638)       4,733
    Purchase of treasury stock                                                                (179)        (606)
    Sale of treasury stock for the exercise of stock options                                    88           27
                                                                                      -------------------------------

        NET CASH PROVIDED BY FINANCING ACTIVITIES                                            5,530       17,405
                                                                                      -------------------------------

    NET DECREASE IN CASH AND DUE FROM BANKS                                                 (3,562)     (16,710)

CASH AND DUE FROM BANKS:
    Beginning                                                                               20,735       29,287
                                                                                      -------------------------------

    Ending                                                                                 $17,173      $12,577
                                                                                      ===============================

Supplemental Disclosures of Cash Flow Information,
  Cash Paid During the Year for:
    Interest                                                                                $6,696      $11,347
    Income taxes                                                                            $1,671       $1,610

Supplemental Schedule of Noncash Investing Activities,
  Change in Accumulated Other Comprehensive Income,
    Unrealized Gain on Available-for-Sale Securities, Net                                   $1,203         $808
    Other real estate aquired in settlement of loan                                            $53           $0


                                 "See accompanying notes to financial statements"
</TABLE>

<PAGE>

                    FIRST BANKING CENTER, INC AND SUBSIDIARY
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                September 30,2002

NOTE 1 - Basis of Presentation

The unaudited  consolidated  financial  statements include the accounts of First
Banking  Center,  Inc. and its  subsidiary  (the  "Company").  In the opinion of
management,  all adjustments  (consisting only of normal recurring  adjustments)
necessary  for a  fair  presentation  of  the  financial  position,  results  of
operation and cash flows for the interim  periods have been made. The results of
operations  for the three  and nine  months  ended  September  30,  2002 are not
necessarily indicative of the results to be expected for the entire fiscal year.

The unaudited interim financial statements have been prepared in conformity with
accounting  principles  generally  accepted in the United  States of America and
industry practice.  Certain information in footnote disclosure normally included
in  financial  statements  prepared in  accordance  with  accounting  principles
generally  accepted in the United  States of America and  industry  practice has
been  condensed or omitted  pursuant to rules and  regulations of the Securities
and  Exchange   Commission.   These  financial  statements  should  be  read  in
conjunction  with  the  consolidated  financial  statements  and  notes  thereto
included in the Company's December 31, 2001 audited financial statements.

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  which  affect  the  reported  amounts of assets and
liabilities  and disclosure of contingent  assets and liabilities as of the date
of the  financial  statements,  as well as the  reported  amounts  of income and
expenses  during the reported  periods.  Actual  results could differ from those
estimates.

NOTE 2 - Earnings Per Share

The following information  calculates the computation of earnings per share on a
basic and diluted basis.
<TABLE>
<CAPTION>

                                                                           Three Months Ended          Nine Months Ended
                                                                             September 30,               September 30,
                                                                           2002          2001          2002          2001
                                                                      --------------------------------------------------------
                                                                            (Dollars in thousands, except per share data)
<S>                                                                   <C>           <C>           <C>           <C>
Basic
Net income                                                                 $1,557        $1,463        $4,859        $4,088
Weighted average shares outstanding                                         1,472         1,462         1,472         1,462
Basic earnings per share                                                    $1.06         $1.00         $3.30         $2.80
                                                                      ========================================================

Diluted
Net income                                                                 $1,557        $1,463        $4,859        $4,088
Weighted average shares outstanding                                         1,472         1,462         1,472         1,462
Effect of dilutive stock options outstanding                                   34            18            34            18
                                                                      --------------------------------------------------------
Diluted weighted average shares outstanding                                 1,506         1,480         1,506         1,480
Diluted earnings per share                                                  $1.03         $0.99         $3.23         $2.76
                                                                      ========================================================
</TABLE>

NOTE 3-Comprehensive Income

The following table presents our comprehensive income.
<TABLE>
<CAPTION>

                                                                           Three Months Ended          Nine Months Ended
                                                                             September 30,               September 30,
                                                                           2002          2001          2002          2001
                                                                      --------------------------------------------------------
                                                                                    (Dollars in thousands)
<S>                                                                   <C>           <C>           <C>           <C>
Net income                                                                 $1,557        $1,463        $4,859        $4,088
Other comprehensive income
  Net change in unrealized gain on available for sale securities              669           343         1,203           808
                                                                      --------------------------------------------------------
Total comprehensive income                                                 $2,226        $1,806        $6,062        $4,896
                                                                      ========================================================
</TABLE>

<PAGE>

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

                    FIRST BANKING CENTER, INC AND SUBSIDIARY
                       MANAGEMENTS DISCUSSION AND ANALYSIS
                OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                            As of September 30, 2002

The following discussion provides additional analysis of the financial condition
and results of operations of the Company for the nine months ended September 30,
2002.  This  discussion  focuses on the  significant  factors that  affected the
Company's earnings so far in 2002, with comparisons to 2001. As of September 30,
2002,  First Banking  Center (the "Bank") was the only direct  subsidiary of the
Company and its operations  contributed  nearly all of the revenue for the year.
The Company provides various support functions for the Bank and receives payment
from the Bank for these services. These intercompany payments are eliminated for
the purpose of these consolidated financial statements.  The Bank has two wholly
owned  subsidiaries,  FBC Financial  Services,  Corp., a brokerage and financial
services subsidiary, and FBC-Burlington,  Inc., an investment subsidiary located
in Nevada.

Overview

As of September 30, 2002,  total Company assets were $487.0  million  increasing
2.4% from $475.8 million as of December 31, 2001. Total income,  as of September
30,  2002,  was $4.9  million  or $3.30 per  share,  increasing  18.9% from $4.1
million  or $2.80 per share in 2001.  The  significant  items  resulting  in the
above-mentioned results are discussed below.

Financial Condition

Loans

Loans  outstanding  were $367.2 million and $366.1 million on September 30, 2002
and December 31, 2001 respectively.  This represents an increase of $1.1 million
or .31%.  The following  table  summarizes the changes to date in the major loan
classifications.
<TABLE>
<CAPTION>

                                                                                                  As a % of Total Loans
                                            September 30,     December 31,     Change in      September 30,     December 31,
                                                 2002             2001        Balance             2002              2001
                                            --------------------------------------------      ------------------------------
                                                          (Dollars in millions)
<S>                                         <C>              <C>            <C>               <C>              <C>
Residential Real Estate                         $158.4           $160.7        ($2.3)             43.1%            43.9%
Commercial Real Estate                           $88.3            $90.7         ($2.4)            24.0%            24.8%
Construction and Land Development                $46.9            $43.6          $3.3             12.8%            11.9%
Commercial                                       $26.0            $27.5         ($1.5)             7.1%             7.5%
</TABLE>

Allowance for Loan Losses

The  allowance  for possible loan losses was $4.5 million or 1.2% of gross loans
on  September  30,  2002,  compared  with $4.4 million or 1.2% of gross loans on
December 31, 2001. Net charge-offs for the last nine months were $97 thousand or
..03% of gross  loans,  compared to net  charge-offs  of $60  thousand or .02% of
gross loans for the year-ended December 31, 2001.

The allowance for loan losses is established through a provision for loan losses
charged to expense. Loans are charged against the allowance for loan losses when
management  believes that the  collectibility of the principal is unlikely.  The
allowance for loan losses is adequate to cover probable  credit losses  relating
to specifically  identified loans, as well as probable credit losses inherent in
the balance of the loan portfolio. In accordance with FASB Statements 5 and 114,
the  allowance is provided for losses that have been  incurred as of the balance
sheet  date.  The  allowance  is  based  on past  events  and  current  economic
conditions,  and does not include  the  effects of  expected  losses on specific
loans or groups of loans that are related to future  events or expected  changes
in economic  conditions.  Management  reviews a calculation of the allowance for
loan losses on a quarterly  basis.  While  management uses the best  information
available to make its  evaluation,  future  adjustments  to the allowance may be
necessary  if there are  significant  changes in economic  conditions.  Impaired
loans are  measured  based on the present  value of  expected  future cash flows
discounted at the loan's effective  interest rate or, as a practical  expedient,
at the loan's observable market price or the fair value of the collateral if the
loan is collateral dependent. A loan is impaired when it is probable the company
will be unable to collect all contractual principal and interest payments due in
accordance with the terms of the loan agreement.

<PAGE>

In addition,  various regulatory agencies  periodically review the allowance for
loan  losses.  These  agencies  may  require the bank to make  additions  to the
allowance for loan losses based on their  judgments of  collectibility  based on
information available to them at the time of their examination.

As of September  30,  2002,  $271  thousand was charged to current  earnings and
added to the allowance for loan losses.

Non-accrual, Past Due and Renegotiated Loans
<TABLE>
<CAPTION>

                                                                    September 30,     December 31,
                                                                        2002              2001
                                                                  ----------------------------------
                                                                        (Dollars in thousands)
<S>                                                               <C>               <C>
Non-accrual Loans (a)                                                  $2,013           $1,541
Past Due 90 days + (b)                                                      0                0
Restructured Loans                                                          0                0
</TABLE>

The policy of the Company is to place a loan on non-accrual status if:

(a)     payment in full of interest and principal is not expected, or
(b)     principal or  interest has been  in default for a  period  of 90 days or
        more  unless  the  obligation  is  both  in  the process  of  collection
        and well secured.  Well secured is defined as collateral with sufficient
        market value to repay principal and all accrued  interest.  A debt is in
        the process of collection if collection of the debt is proceeding in due
        course either  through  legal action,  including  judgement  enforcement
        procedures,  or in   appropriate   circumstances,   through   collection
        efforts  not  involving legal  action which  are reasonably  expected to
        result in repayment of the debt or in its restoration to current status.

The non-accrual  loans consisted  primarily of $998 thousand of residential real
estate loans,  $400 thousand of  commercial  loans,  $371 thousand of commercial
real estate loans,  and $102 thousand of  agricultural  loans.  On September 30,
2002, the ratio of non-accrual  loans to the allowance for loan losses was 44.3%
compared to 35.3% on December 31, 2001.

As of September 30, 2002, the Company had loans totaling $25,236,000 in addition
to those listed as non-accrual, past due or renegotiated that were identified by
the Banks'  internal asset rating  systems as classified  assets and loans which
management has  determined  require  additional  monitoring.  This  represents a
decrease of $2,817,000 or 10.0% from December 31, 2001.  Management is not aware
of any significant  loans,  group of loans or segments of the loan portfolio not
included  above,  where  full  collectibility  cannot  reasonably  be  expected.
Management  has  committed  resources  and is  focusing  on efforts  designed to
control the amount of classified assets. The company does not have a substantial
portion of its loans  concentrated  in one or a few  industries nor does it have
any foreign loans  outstanding as of September 30, 2002. The company's loans are
concentrated  geographically  in the  Wisconsin  counties  of Racine,  Walworth,
Kenosha, Lafayette and Green.

Investments securities - Available for Sale

For the purposes of this discussion,  investment  security balances are based on
amortized  costs.  The securities  available-for-sale  portfolio  increased $9.0
million or 15.4% from  December 31, 2001.  The increase came from three areas of
the portfolio. The company purchased $2.9 million of mortgage-backed securities,
$4.3 million of municipal securities and $57.4 million of U.S. Government Agency
Discount Notes. The company had $565 thousand of municipal  securities and $44.5
million  of U.S.  Government  Agency  Discount  Notes  mature.  There  were $925
thousand of municipal  securities  called and $1.4 million of agency  securities
called by various Government Agencies.  The Company,  also, sold $7.1 million of
U.S.  Government  Agency Discount Notes.  These Discount Notes are purchased for
the use as collateral for the Company's sweep repurchase accounts.

<PAGE>

Deposits and Borrowed Funds

Total  deposits and  borrowed  funds were $435.6  million on September  30, 2002
compared to $429.5  million on December  31,  2001.  This is an increase of $6.2
million or 1.4%. The increase is due to increased depositing in savings and time
deposits.  Time deposits equal or greater than $100,000 increased $22.1 or 65.5%
due to an  increase  of $10.0  million in our  brokered  certificates  and $10.0
million in large certificates  issued to core deposit  customers.  The following
table  summarizes  the  changes in the major  classifications  of  deposits  and
borrowed funds.

<TABLE>
<CAPTION>

                                                                 September 30,      December 31,            Change in
                                                                     2002              2001                  Balance
                                                                 --------------------------------           ---------
                                                                    (Dollars in millions)
<S>                                                              <C>                <C>                     <C>
Money Market and Savings                                            $140.3             $134.6                  $5.7
Demand  Deposits                                                     $65.6              $66.6                 ($1.0)
Time Deposits less than $100,000                                     $88.7              $87.2                  $1.5
Time Deposits equal or greater than $100,000                         $55.8              $33.7                 $22.1
Securities sold under agreement to repurchase                        $21.5              $26.0                 ($4.5)
Federal Home Loan Borrowings                                         $40.1              $47.3                 ($7.2)
</TABLE>

Capital resources

As of September 30, 2002,  the Company's  stockholders'  equity  increased  $5.4
million or 12.9%.  Net income of $4.9  million was the  primary  reasons for the
increase in equity. The company has purchased $179 thousand of treasury stock so
far in 2002.  Accumulated other  comprehensive  income increased $1.2 million to
$1.7 million.

In December 1990,  the Federal  Reserve  Board's  risk-based  guidelines  became
effective.  Under these  guidelines  capital is measured  against the  Company's
subsidiary  bank's  risk-weighted  assets.  The Company's tier 1 capital (common
stockholders'  equity  less  goodwill)  to  risk-weighted  assets  was  12.2% at
September  30,  2002,  well  above the 4%  minimum  required.  Total  capital to
risk-adjusted assets was 13.5%, also well above the 8% minimum requirement.  The
leverage ratio was at 9.5% compared to the 4% minimum requirement.  According to
FDIC capital guidelines, the Company's subsidiary bank is considered to be "well
capitalized."

Asset/liability management

The principal  function of  asset/liability  management is to manage the balance
sheet mix,  maturities,  repricing  characteristics  and pricing  components  to
provide an adequate and stable net interest  margin with an acceptable  level of
risk over time and through interest rate cycles.

Interest-sensitive  assets  and  liabilities  are  those  that  are  subject  to
repricing   within  a  specific   relevant  time  horizon.   The  Bank  measures
interest-sensitive  assets and  liabilities,  and their  relationship  with each
other at terms of immediate, quarterly intervals up to 1 year, and over 1 year.

Changes in net interest income,  other than volume related,  arise when interest
rates on assets  reprice in a time frame or interest  rate  environment  that is
different  from the repricing  period for  liabilities.  Changes in net interest
income  also  arise  from  changes  in the mix of  interest  earning  assets and
interest-bearing liabilities.

<PAGE>

The Bank's  strategy with respect to  asset/liability  management is to maximize
net  interest  income  while  limiting  its  exposure  to a  potential  downward
movement.  Strategy is implemented by the Bank's management,  which takes action
based upon its analysis of the Bank's  present  positioning,  its desired future
positioning,  economic  forecasts,  and its goals.  It is the  Bank's  desire to
maintain a cumulative GAP of positive or negative 15% of rate  sensitive  assets
at the 1-year time frame.  The current  percentage  is a positive  22.8%,  which
compares to a positive 17% as of December 31,  2001.  Although  these ratios are
outside the Bank's  target  range,  the Bank's  management  feels the ratios are
appropriate  at this time due to  management's  projection  for future  interest
rates.

Liquidity

Liquidity  measures  the  ability  of  First  Banking  Center  to meet  maturing
obligations and its existing commitments,  to withstand  fluctuations in deposit
levels, to fund its operations,  and to provide for customers' credit needs. One
source of  liquidity is cash and  short-term  assets,  such as  interest-bearing
deposits in other banks and federal  funds sold,  which totaled $32.6 million at
September 30, 2002,  compared with $33.0 million at December 31, 2001.  The Bank
has a variety of sources of  short-term  liquidity  available  to it,  including
federal funds purchased from correspondent  banks, sales of securities available
for sale, FHLB advances, lines of credit and loan participations or sales. First
Banking Center also generates  liquidity from the regular principal payments and
prepayments made on its portfolio of loans and mortgage-backed securities.

The   liquidity  of  First   Banking   Center  is  comprised  of  three  primary
classifications: cash flows from operating activities, cash flows from investing
activities,  and cash flows from  financing  activities.  Net cash  provided  by
operating activities was $5.8 million. Net cash used in investing activities was
$14.9 million. Net cash provided by financing activities was $5.5 million, as of
September 30, 2002.

As of September  30, 2001,  net cash provided by operating  activities  was $2.8
million.  Net cash used in  investing  activities  was $36.9  million.  Net cash
provided by financing activities was $17.4 million.

Impact of Inflation and Changing Prices

The  consolidated  financial  statements  and the  accompanying  notes have been
prepared in accordance  with  accounting  principles  generally  accepted in the
United States of America,  which require the  measurement of financial  position
and operating results in terms of historical dollar amounts without  considering
the  changes  in the  relative  purchasing  power  of  money  over  time  due to
inflation.  The impact of inflation is reflected in the increased  cost of First
Banking Center's  operations.  Unlike  industrial  companies,  nearly all of the
assets and  liabilities  of First  Banking  Center are monetary in nature.  As a
result,  interest  rates  have  a  greater  impact  on  First  Banking  Center's
performance  than do the effects of general levels of inflation.  Interest rates
do not necessarily move in the same direction or to the same extent as the price
of goods and services.

Forward Looking  Statements- Safe Harbor Statement under the Private  Securities
Litigation Reform Act of 1995

This report contains certain  forward-looking  statements  within the meaning of
Section  27A of the  Securities  Act of 1933,  as amended and Section 21E of the
Securities  Exchange Act of 1934, as amended.  First Banking Center intends such
forward-looking  statements  to be covered  by the safe  harbor  provisions  for
forward-looking  statements  contained in the Private  Securities  Reform Act of
1995,  and is  including  this  statement  for  purposes  of these  safe  harbor
provisions.  Forward-looking statements,  which are based on certain assumptions
and describe First Banking  Center's future plans,  strategies and  expectations
are generally  identifiable by use of the words "believe,"  "expect,"  "intend,"
"anticipate,"  "estimate,"  "project"  or  similar  expressions.  First  Banking
Center's  ability to predict  results  or the actual  effect of future  plans or
strategies is inherently uncertain.  Factors which could have a material adverse
affect on First Banking Center's  operations and future prospects  include,  but
are not limited to, changes in: interest  rates,  general  economic  conditions,
legislative/regulatory  changes,  monetary  and  fiscal  policies  of  the  U.S.
Government,  including  policies of the U.S.  Treasury  and the Federal  Reserve
Board, the quality or composition of the loan or investment  portfolios,  demand
for loan products, deposit flows, competition,  demand for financial services in
our market area, our implementation of new technologies,  First Banking Center's
ability to develop  and  maintain  secure and  reliable  electronic  systems and
accounting  principles,  policies and guidelines.  These risks and uncertainties
should be considered in evaluating forward-looking statements and undue reliance
should not be placed on such statements.

<PAGE>

Current Accounting Developments

In July 2001, the Financial  Accounting  Standards  Board issued  Statement 141,
Business  Combinations and Statement 142, Goodwill and Other Intangible  Assets.
Statement  141  eliminates  the  pooling  method  for  accounting  for  business
combinations;  requires  that  intangible  assets that meet certain  criteria be
reported separately from goodwill; and requires negative goodwill arising from a
business  combination  to be recorded as an  extraordinary  gain.  Statement 142
eliminates  the  amortization  of  goodwill  and  other   intangibles  that  are
determined  to have an  indefinite  life;  and  requires,  at a minimum,  annual
impairment tests for goodwill and other intangible assets that are determined to
have an indefinite life. For the Company, the provisions of Statement 142 became
effective  January 1, 2002 and did not have a material  impact on the  Company's
financial statements.

The Financial  Accounting  Standards Board has issued Statement 143,  Accounting
for  Asset  Retirement   Obligations  and  Statement  144,  Accounting  for  the
Impairment  or Disposal of  Long-Lived  Assets.  Statement 143 requires that the
fair value of a liability  for an asset  retirement  obligation be recognized in
the period in which it is incurred if a reasonable estimate of fair value can be
made.  The  associated  asset  retirement  costs are  capitalized as part of the
carrying amount of the long-lived asset. Statement 144 supersedes FASB Statement
121 and the accounting and reporting provisions of APB Opinion No. 30. Statement
144 establishes a single  accounting model for long-lived  assets to be disposed
of by sale which includes  measuring a long-lived  asset  classified as held for
sale at the lower of its  carrying  amount or its fair  value less costs to sell
and to  cease  depreciation/amortization.  For the  Company,  the  provision  of
Statement 143 is effective January 1, 2003.  Implementation of this Statement is
not expected to have a material  impact on the Company's  financial  statements.
For the Company,  the  provisions of Statement 144 became  effective  January 1,
2002 and did not have a material impact on the Company's financial statements.


Results of operations

Net Interest Income

Net interest income is the difference  between interest income and fees on loans
and interest expense,  and is the largest  contributing factor to net income for
the  Company.  All  discussions  of rate are on a  tax-equivalent  basis,  which
accounts for income earned on nontaxable loans and securities that are not fully
subject to federal  taxes.  Net  interest  income  was $15.4  million  and $14.0
million for September 30, 2002 and September 30, 2001 respectively. Net interest
margin as a  percentage  of average  earning  assets  (includes  loans placed on
nonaccrual status) was 4.73% for the nine months ended 2002 and 2001.

The decrease in interest  income and fees on loans as of September  30, 2002 was
due to decreased  yields on earning assets.  The increase in interest income and
fees on loans as of September  30, 2001 was due  primarily to increased  average
earning assets.  The major component of interest income and fees on loans is the
income  generated by loans.  Interest  income and fees on loans decreased due to
decreased rates earned on increasing average balances, as of September 30, 2002.
The rates earned decreased from 8.88% to
7.09%.

As of September 30, 2002 average balances outstanding increased,  however, rates
paid for liabilities decreased causing a decrease in interest expense.  Interest
expense as of September  30, 2001 remained  consistent  with 2000 as a result of
increased average balances  outstanding and decreased rates paid on liabilities.
The major  components of interest  expense are interest paid on  Certificates of
Deposit (Time Deposits) and on Money Market Deposits.  As of September 30, 2002,
interest  expense on Time  Deposits  decreased  due to  decreased  rates paid on
increasing  average balances.  The rates paid decreased from 4.6% to 2.8%, as of
September 30, 2002.  Interest  expense on Money Market  Deposits  decreased as a
result of increased  average  balances,  while rates paid decreased from 4.0% to
1.3%, as of September 30, 2002.

<PAGE>

The  following  table  summarizes  the  changes  and  reasons for the changes in
interest earned and paid during 2002 and 2001.
<TABLE>
<CAPTION>

                                                                             Three months ended
                                                                                September 30,
                                                                 2002                                  2001
                                                  ------------------------------------  ------------------------------------
                                                               Interest     Average                  Interest     Average
                                                    Average     Earned       Yield        Average     Earned       Yield
                                                    Balance     or Paid     or Cost       Balance     or Paid     or Cost
                                                  ------------------------------------  ------------------------------------
                                                                           (Dollars in thousands)
<S>                                             <C>            <C>          <C>         <C>          <C>          <C>
Interest Income:
  Interest and fees on loans                    $     366,039       6,377       6.97%       353,464       7,359       8.33%
  Interest and dividends on securities:
      Taxable                                          27,471         270       3.93%        18,213         297       6.52%
      Nontaxable                                       34,921         626       7.17%        31,389         562       7.16%
  Interest on Fed funds sold                            7,886          31       1.57%         6,115          53       3.47%
  Interest on interest-bearing deposits in banks        8,632          40       1.85%         1,076          41      15.24%
                                                  ------------------------------------  ------------------------------------
       Total Interest Income                    $     444,949       7,344       6.60%       410,257       8,312       8.10%
                                                  ====================================  ====================================

Interest Expense
  Interest on deposits                          $     301,233       1,634       2.17%       282,189       2,758       3.91%
  Interest on short-term borrowings                    21,810          96       1.76%        20,295         184       3.63%
  Interest on other borrowings                         41,116         458       4.46%        38,929         500       5.14%
                                                  ------------------------------------  ------------------------------------
       Total Interest Expense                   $     364,159       2,188       2.40%       341,413       3,442       4.03%
                                                  ====================================  ====================================

Net interest margin                                         $       5,156       4.64%             $       4,870       4.75%
                                                              ========================              ========================
</TABLE>
<TABLE>
<CAPTION>

                                                                              Nine months ended
                                                                                September 30,
                                                                 2002                                  2001
                                                  ------------------------------------  ------------------------------------
                                                               Interest     Average                  Interest     Average
                                                    Average     Earned       Yield        Average     Earned       Yield
                                                    Balance     or Paid     or Cost       Balance     or Paid     or Cost
                                                  ------------------------------------  ------------------------------------
                                                                           (Dollars in thousands)
<S>                                             <C>            <C>          <C>         <C>          <C>          <C>
Interest Income:
  Interest and fees on loans                    $     361,330      19,215       7.09%       333,873      22,233       8.88%
  Interest and dividends on securities:
      Taxable                                          28,653         818       3.81%        20,168         898       5.94%
      Nontaxable                                       34,021       1,828       7.16%        29,726       1,583       7.10%
  Interest on Fed funds sold                            6,999          80       1.52%         6,506         213       4.37%
  Interest on interest-bearing deposits in banks        4,739          66       1.86%         3,215         112       4.64%
                                                  ------------------------------------  ------------------------------------
       Total Interest Income                    $     435,742      22,007       6.73%       393,488      25,039       8.48%
                                                  ====================================  ====================================

Interest Expense
  Interest on deposits                          $     295,086       4,970       2.25%       275,810       9,088       3.30%
  Interest on short-term borrowings                    22,556         326       1.93%        19,382         663       3.42%
  Interest on other borrowings                         37,635       1,266       4.49%        32,519       1,316       4.05%
                                                  ------------------------------------  ------------------------------------
       Total Interest Expense                   $      355,277       6,562       2.46%       327,711      11,067       3.38%
                                                  ====================================  ====================================

Net interest margin                                         $      15,445       4.73%             $      13,972       4.73%
                                                              ========================              ========================
</TABLE>

<PAGE>

Non-interest income

Non-interest  income  increased $496 thousand or 19.9% as of September 30, 2002.
The increase came in primarily two areas.  Service  charges on deposit  accounts
increased  $292  thousand  as the number of  accounts  grew and charges for some
services were increased.  Other income  increased $204 thousand due to brokerage
services, visa debit card income, and miscellaneous investment income.

Non-interest expense

Non-interest  expense  increased $608 thousand or 6.0% as of September 30, 2002.
Salaries and benefits accounted for $541 thousand.  The increase in salaries and
benefits is due to normal wage increases and increased  health  insurance costs.
Equipment  expense  increased $177 thousand due primarily to increases in repair
and  maintenance.  Data processing costs increased $90 thousand due to increased
volumes and additional  services used.  Other expenses  decreased $214 thousand.
This is the result of cost control management.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk

First Banking Center,  like other financial  institutions,  is subject to direct
and  indirect  market risk.  Direct  market risk exists from changes in interest
rates.  First  Banking  Center's  net income is  dependent  on its net  interest
income.  Net interest  income is susceptible to interest rate risk to the degree
that  interest-bearing  liabilities  mature or reprice on a different basis than
interest-earning  assets.  When  interest-bearing  liabilities mature or reprice
more quickly  than  interest-earning  assets in a given  period,  a  significant
increase in market rates of interest could adversely affect net interest income.

Similarly,  when  interest-earning  assets  mature or reprice  more quickly than
interest-bearing liabilities,  falling interest rates could result in a decrease
in net income.

In an attempt to manage its  exposure to changes in interest  rates,  management
monitors  First  Banking  Center's  interest  rate  risk.  The   Asset/Liability
Committee  meets quarterly to review First Banking  Center's  interest rate risk
position  and   profitability,   and  to  make  or  recommend   adjustments  for
consideration  by the Board of  Directors.  Management  also  reviews the Bank's
securities portfolio,  formulates investment strategies, and oversees the timing
and   implementation  of  transactions  to  assure  attainment  of  the  Board's
objectives in the most effective manner.  Notwithstanding First Banking Center's
interest rate risk management  activities,  the potential for changing  interest
rates is an uncertainty that can have an adverse effect on net income.

In adjusting  First Banking  Center's  asset/liability  position,  the Board and
management  attempt to manage First  Banking  Center's  interest rate risk while
maintaining or enhancing net interest margins. At times,  depending on the level
of general  interest rates, the  relationship  between  long-term and short-term
interest  rates,  market  conditions  and  competitive  factors,  the  Board and
management  may decide to increase  First  Banking  Center's  interest rate risk
position  somewhat in order to increase its net interest  margin.  First Banking
Center's  results of operations  and net portfolio  values remain  vulnerable to
increases  in  interest  rates and to  fluctuations  in the  difference  between
long-term and short-term interest rates.

One approach  used to quantify  interest  rate risk is the net  portfolio  value
("NPV") analysis.  In essence,  this analysis  calculates the difference between
the present  value of  liabilities  and the present value of expected cash flows
from assets and off-balance-sheet contracts. The most recent NPV analysis, as of
September  30,  2002,  projects  that net  portfolio  value  would  decrease  by
approximately  4.47% if  interest  rates  would rise 200 basis  points and would
decrease by  approximately  1.80% if interest  rates would rise 100 basis points
over  the  next  year.  It  projects  an  increase  in net  portfolio  value  of
approximately  9.88% if  interest  rates  would  drop 200  basis  points  and an
increase of  approximately  5.54% if interest rates would drop 100 basis points.
Both simulations are within board-established policy limits. The Company has not
experienced any material  changes to its market risk position since December 31,
2001, as disclosed in the Company's 2001 Form 10K Annual  Report.  First Banking
Center's  policy is to limit the effect of a 200 basis  point rate shock to plus
or minus 20% of  projected  net  interest  income and to minus 35% of the market
value of portfolio equity.

<PAGE>

First  Banking  Center does not  currently  engage in trading  activities or use
derivative   instruments  to  control  interest  rate  risk.  Even  though  such
activities may be permitted  with the approval of the Board of Directors,  First
Banking  Center does not intend to engage in such  activities  in the  immediate
future.

Interest rate risk is the most  significant  market risk affecting First Banking
Center.  Other types of market risk, such as foreign currency exchange rate risk
and  commodity  price risk,  do not arise in the normal  course of First Banking
Center's business activities.

Item 4.  Controls and Procedures

Within  the 90 days  prior  to the  date of this  report,  the  Company's  Chief
Executive  Officer and Chief Financial  Officer carried out an evaluation,  with
the participation of other members of management as they deemed appropriate,  of
the  effectiveness  of the  design and  operation  of the  Company's  disclosure
controls and procedures as contemplated by Exchange Act Rule 13a-14. Based upon,
and as of the date of that  evaluation,  the Chief  Executive  Officer and Chief
Financial  Officer  concluded  that  the  Company's   disclosure   controls  and
procedures are effective,  in all material respects,  in timely alerting them to
material information relating to the Company (and its consolidated subsidiaries)
required to be included in the periodic  reports the Company is required to file
and submit to the SEC under the Exchange Act.

There have been no significant  changes to the Company's internal controls or in
other factors that could  significantly  affect these controls subsequent to the
date that the internal  controls  were most  recently  evaluated.  There were no
significant  deficiencies or material  weaknesses  identified in that evaluation
and, therefore, no corrective actions were taken.

<PAGE>

Part II-OTHER INFORMATION
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

         None

Item 5.  Other Information

             None

Item 6.  Exhibits and Reports on Form 8-K

             None

<PAGE>

                   FIRST BANKING CENTER, INC AND SUBSIDIARIES


                                   SIGNATURES





Pursuant to the requirements of the Securities Exchange Act of
1943, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.










                           First Banking Center, Inc.





November 11, 2002                   /s/ Brantly Chappell
Date                                Brantly Chappell
                                    Chief Executive Officer




November 11, 2002                   /s/ James Schuster
Date                                James Schuster
                                    Chief Financial Officer

<PAGE>

                  CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

I, Brantly Chappel, Chief Executive Officer, certify that:

1) I have reviewed this quarterly  report on Form 10-Q of First Banking  Center,
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/ Brantly Chappell
                              -----------------------
                              Brantly Chappell
                              Chief Executive Officer

<PAGE>

                  CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

I, James Schuster, Chief Financial Officer, certify that:

1) I have reviewed this quarterly  report on Form 10-Q of First Banking  Center,
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/ James Schuster
                              -----------------------
                              James Schuster
                              Chief Financial Officer

<PAGE>

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

The  following  certification  is provided by the  undersigned  Chief  Executive
Officer of First Banking Center,  Inc. on the basis of such officer's  knowledge
and belief for the sole purpose of complying  with 18 U.S.C.  Section  1350,  as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

                                  CERTIFICATION

In connection  with the  Quarterly  Report of First  Banking  Center,  Inc. (the
"Company")  on Form 10-Q for the period ended  September  30, 2002 as filed with
the Securities and Exchange  Commission on November 14, 2002 (the "Report"),  I,
Brantly  Chappell,  Chief  Executive  Officer of the  Company,  hereby  certify,
pursuant to 18 U.S.C.  Section 1350,  as adopted  pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934, as amended; and

(2) The  information  contained in the Report fairly  presents,  in all material
respects, the financial condition and results of operations of the Company.





                              /s/Brantly Chappell
                              ------------------------------
                              Name:  Brantly Chappell
                              Title: Chief Executive Officer
                              Date:  November 11, 2002

<PAGE>

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

The  following  certification  is provided by the  undersigned  Chief  Financial
Officer of First Banking Center,  Inc. on the basis of such officer's  knowledge
and belief for the sole purpose of complying  with 18 U.S.C.  Section  1350,  as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

                                  CERTIFICATION

In connection  with the  Quarterly  Report of First  Banking  Center,  Inc. (the
"Company")  on Form 10-Q for the period ended  September  30, 2002 as filed with
the Securities and Exchange  Commission on November 14, 2002 (the "Report"),  I,
James Schuster, Chief Financial Officer of the Company, hereby certify, pursuant
to  18  U.S.C.  Section  1350,  as  adopted  pursuant  to  Section  906  of  the
Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934, as amended; and

(2) The  information  contained in the Report fairly  presents,  in all material
respects, the financial condition and results of operations of the Company.





                              /s/James Schuster
                              ------------------------------
                              Name:  James Schuster
                              Title: Chief Financial Officer
                              Date:  November 11, 2002
[{"type": "10-Q", "sequence": "1", "filename": "sept10q.txt", "description": "SEPTEMBER 30, 2002 10Q", "secsgml_size_bytes": 73737}]
{"company-data": {"conformed-name": "FIRST BANKING CENTER INC", "cik": "0000356858", "assigned-sic": "6022", "irs-number": "391391327", "state-of-incorporation": "WI", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "000-11132", "film-number": "02828497"}, "business-address": {"street1": "400 MILWAUKEE AVE", "street2": "P O BOX 660", "city": "BURLINGTON", "state": "WI", "zip": "53105", "phone": "4147633581"}, "mail-address": {"street1": "567 BROAD ST", "street2": "PO BOX 970", "city": "LAKE GENEVA", "state": "WI", "zip": "53147"}, "former-company": {"former-conformed-name": "FIRST COMMUNITY BANK GROUP INC", "date-changed": "19850312"}}
UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-Q

[ X ]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
                       OF THE SECURITIES EXCAHNGE ACT 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

                         Commission File Number 0-11132

                           FIRST BANKING CENTER, INC.
             (Exact name of registrant as specified in its charter)

               Wisconsin                           39-1391327
     (State or other jurisdiction of            (I.R.S. Employer
      incorporation or organization)             Identification No.)

                    400 Milwaukee Ave., Burlington, WI 53105
               (Address of principal executive offices) (Zip Code)

                                 (262) 763-3581
              (Registrant's telephone number, including area code)

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     [ X ]     No [   ]

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of October 29, 2002, Common stock,  $1.00 par value,  1,472,046
shares outstanding.
FIRST BANKING CENTER, INC AND SUBSIDIARY
                                      INDEX
                               September 30, 2002

Part I   Financial Information

         Item 1       Consolidated Financial Statements

                      Unaudited Consolidated Balance Sheets,
                      September 30, 2002 and December 31, 2001

                      Unaudited Consolidated Statements of Income,
                      For the nine months ended September 30, 2002 and 2001

                      Unaudited Consolidated Statements of Cash Flows,
                      For the nine months ended September 30, 2002 and 2001

                      Notes to Unaudited Consolidated Financial Statements

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

         Item 3       Quantitative and Qualitative Disclosures about Market Risk

         Item 4       Controls and Procedures

Part II  Other Information

         Item 1       Legal Proceedings

         Item 2       Changes in Securities and Use of Proceeds

         Item 3       Defaults upon Senior Securities

         Item 4       Submission of Matters to a Vote of Security Holders

         Item 5       Other Information

         Item 6       Exhibits and Reports on Form 8-K

         Signature
PART I. FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements

                                    FIRST BANKING CENTER, INC. AND SUBSIDIARY
                                      UNAUDITED CONSOLIDATED BALANCE SHEETS
September 30,   December 31,
                                                                                           2002           2001
                                                                                      -------------------------------
                                                                                        (Dollars in thousands)
ASSETS
  Cash and due from banks                                                                  $17,173         $20,735
  Federal funds sold                                                                         7,067          12,010
  Interest-bearing deposits in banks                                                         8,352             267
  Available for sale securities                                                             70,174          59,343
  Loans, less allowance for loan losses of $4,541 and
    $4,367 in 2002 and 2001, respectively                                                  362,655         361,705
  Office buildings and equipment, net                                                       10,522          10,521
  Other real estate owned                                                                       53               0
  Other assets                                                                              11,019          11,199
                                                                                      -------------------------------

      TOTAL ASSETS                                                                        $487,015        $475,780
                                                                                      ===============================

LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities
  Deposits
    Demand                                                                                 $65,608         $66,612
    Savings and NOW accounts                                                               163,445         164,904
    Time                                                                                   144,439         120,898
                                                                                      -------------------------------
      Total Deposits                                                                       373,492         352,414
  Short-term borrowings                                                                     21,561          29,199
  Other borrowings                                                                          40,574          47,847
  Other liabilities                                                                          3,717           4,081
                                                                                      -------------------------------

      TOTAL LIABILITIES                                                                   $439,344        $433,541
                                                                                      -------------------------------

STOCKHOLDERS' EQUITY
  Common Stock, $1.00 par value 3,000,000 shares authorized;
    1,489,380 shares issued; 1,471,684 and 1,473,197 shares outstanding
    as of September 30, 2002 and December 31, 2001, respectively                             1,489           1,489
  Surplus                                                                                    4,191           4,184
  Retained Earnings                                                                         40,958          36,649
  Accumulated other comprehensive income                                                     1,745             542
  Common stock in treasury, at cost-17,696 and 16,183 shares
   for September 30, 2002 and December 31, 2001, respectively                                ($712)          ($625)
                                                                                      -------------------------------

      TOTAL STOCKHOLDERS' EQUITY                                                           $47,671         $42,239
                                                                                      -------------------------------

      TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                          $487,015        $475,780
                                                                                      ===============================

                                 "See accompanying notes to financial statements"
FIRST BANKING CENTER, INC. AND SUBSIDIARY
                                      UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
Three months ended           Nine months ended
                                                                         September 30,                September 30,
                                                                       2002          2001          2002           2001
                                                                 ----------------------------------------------------------
                                                                      (Dollars in thousands, except per share data)
INTEREST INCOME
  Interest and fees on loans                                           $6,360        $7,333       $19,159        $22,153
  Interest and dividends on securities:
    Taxable                                                               270           297           818          1,014
    Non-taxable                                                           413           371          1207          1,045
  Interest on federal funds sold                                           31            53            80            213
  Interest on interest-bearing deposits in banks                           40            41            66            112
                                                                 ----------------------------------------------------------
      TOTAL INTEREST INCOME                                             7,114         8,095        21,330         24,537
                                                                 ----------------------------------------------------------

INTEREST EXPENSE
  Interest on deposits                                                  1,634         2,758         4,971          9,088
  Interest on short-term borrowings                                        96           184           325            663
  Interest on other borrowings                                            458           500         1,266          1,316
                                                                 ----------------------------------------------------------
      TOTAL INTEREST EXPENSE                                            2,188         3,442         6,562         11,067
                                                                 ----------------------------------------------------------

      NET INTEREST INCOME                                               4,926         4,653        14,768         13,470

  Provision for loan losses                                                91            90           271            270
                                                                 ----------------------------------------------------------
      NET INTEREST INCOME AFTER PROVISION FOR
        LOAN LOSSES                                                     4,835         4,563        14,497         13,200
                                                                 ----------------------------------------------------------

NON-INTEREST INCOME
  Trust fees                                                              125           138           400            413
  Service charges on deposit accounts                                     523           403         1,414          1,122
  Investment securities gains                                               0             0            13              0
  Automated teller machines                                               102           102           272            272
  Other                                                                   307           276           896            692
                                                                 ----------------------------------------------------------
      TOTAL NON-INTEREST INCOME                                         1,057           919         2,995          2,499
                                                                 ----------------------------------------------------------

NON-INTEREST EXPENSE
  Salary and employee benefits                                          2,095         1,916         6,180          5,639
  Occupancy                                                               253           254           741            727
  Equipment                                                               437           337         1,187          1,010
  Data Processing services                                                224           212           685            595
  Stationary and office supplies                                           85            91           241            283
  Other                                                                   622           702         1,772          1,944
                                                                 ----------------------------------------------------------
      TOTAL NON-INTEREST EXPENSE                                        3,716         3,512        10,806         10,198
                                                                 ----------------------------------------------------------

      INCOME BEFORE INCOME TAXES                                        2,176         1,970         6,686          5,501

  Income taxes                                                            619           507         1,827          1,413
                                                                 ----------------------------------------------------------

      NET INCOME                                                       $1,557        $1,463        $4,859         $4,088
                                                                 ==========================================================

        Basic earnings per share                                        $1.06         $1.00         $3.30          $2.80
        Diluted earnings per share                                      $1.03         $0.99         $3.23          $2.76
        Dividends per share                                             $0.37         $0.34         $0.37          $0.34

                                    "See accompanying notes to financial statements"
FIRST BANKING CENTER, INC. AND SUBSIDIARY
                                  UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
Nine months ended
                                                                                               September 30,
                                                                                             2002          2001
                                                                                      -------------------------------
                                                                                         (Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income                                                                                $4,859       $4,088
  Adjustments to reconcile net income to net cash
   provided by (used in) operating activities:
    Depreciation                                                                               637          617
    Provision for loan losses                                                                  271          270
    Disposal of office building and equipment gains                                             (1)           0
    Amortization of premiums and accretion of discounts
      on securities, net                                                                        64           37
    Amortization                                                                                76           76
    Investment securities gains                                                                (13)           0
    Tax benefit of nonqualified stock options exercised                                          7            2
    Increase in other assets                                                                  (569)      (2,844)
    Increase (decrease) in other liabilities                                                  (364)       1,219
                                                                                      -------------------------------
       Net cash provided by operations before loan originations and sales                    4,967        3,465
    Loans originated for sale                                                              (43,896)     (66,590)
    Proceeds from sale of loans                                                             44,733       65,878
                                                                                      -------------------------------

        NET CASH PROVIDED BY OPERATING ACTIVITIES                                            5,804        2,753
                                                                                      -------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Net increase in interest-bearing deposits in banks                                      (8,085)      (9,471)
    Net (increase) decrease in federal funds sold                                            4,943       (4,332)
    Proceeds from sales of available for sale securities                                     7,615        2,786
    Proceeds from maturities and calls of available for sale securities                     54,295       99,948
    Purchase of available for sale securities                                              (70,969)     (89,864)
    Net increase in loans                                                                   (2,058)     (34,706)
    Purchase of office buildings and equipment, net                                           (637)      (1,229)
                                                                                      -------------------------------

        NET CASH USED IN INVESTING ACTIVITIES                                              (14,896)     (36,868)
                                                                                      -------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
    Net increase in deposits                                                                21,078        2,931
    Dividends paid                                                                            (546)        (500)
    Proceeds from other borrowings                                                          10,130       25,000
    Payments on other borrowings                                                           (17,403)     (14,180)
    Net increase (decrease) in short term borrowings                                        (7,638)       4,733
    Purchase of treasury stock                                                                (179)        (606)
    Sale of treasury stock for the exercise of stock options                                    88           27
                                                                                      -------------------------------

        NET CASH PROVIDED BY FINANCING ACTIVITIES                                            5,530       17,405
                                                                                      -------------------------------

    NET DECREASE IN CASH AND DUE FROM BANKS                                                 (3,562)     (16,710)

CASH AND DUE FROM BANKS:
    Beginning                                                                               20,735       29,287
                                                                                      -------------------------------

    Ending                                                                                 $17,173      $12,577
                                                                                      ===============================

Supplemental Disclosures of Cash Flow Information,
  Cash Paid During the Year for:
    Interest                                                                                $6,696      $11,347
    Income taxes                                                                            $1,671       $1,610

Supplemental Schedule of Noncash Investing Activities,
  Change in Accumulated Other Comprehensive Income,
    Unrealized Gain on Available-for-Sale Securities, Net                                   $1,203         $808
    Other real estate aquired in settlement of loan                                            $53           $0

                                 "See accompanying notes to financial statements"
FIRST BANKING CENTER, INC AND SUBSIDIARY
              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
                                September 30,2002

NOTE 1 - Basis of Presentation

The unaudited  consolidated  financial  statements include the accounts of First
Banking  Center,  Inc. and its  subsidiary  (the  "Company").  In the opinion of
management,  all adjustments  (consisting only of normal recurring  adjustments)
necessary  for a  fair  presentation  of  the  financial  position,  results  of
operation and cash flows for the interim  periods have been made. The results of
operations  for the three  and nine  months  ended  September  30,  2002 are not
necessarily indicative of the results to be expected for the entire fiscal year.

The unaudited interim financial statements have been prepared in conformity with
accounting  principles  generally  accepted in the United  States of America and
industry practice.  Certain information in footnote disclosure normally included
in  financial  statements  prepared in  accordance  with  accounting  principles
generally  accepted in the United  States of America and  industry  practice has
been  condensed or omitted  pursuant to rules and  regulations of the Securities
and  Exchange   Commission.   These  financial  statements  should  be  read  in
conjunction  with  the  consolidated  financial  statements  and  notes  thereto
included in the Company's December 31, 2001 audited financial statements.

The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  which  affect  the  reported  amounts of assets and
liabilities  and disclosure of contingent  assets and liabilities as of the date
of the  financial  statements,  as well as the  reported  amounts  of income and
expenses  during the reported  periods.  Actual  results could differ from those
estimates.

NOTE 2 - Earnings Per Share

The following information  calculates the computation of earnings per share on a
basic and diluted basis.
Three Months Ended          Nine Months Ended
                                                                             September 30,               September 30,
                                                                           2002          2001          2002          2001
                                                                      --------------------------------------------------------
                                                                            (Dollars in thousands, except per share data)
Basic
Net income                                                                 $1,557        $1,463        $4,859        $4,088
Weighted average shares outstanding                                         1,472         1,462         1,472         1,462
Basic earnings per share                                                    $1.06         $1.00         $3.30         $2.80
                                                                      ========================================================

Diluted
Net income                                                                 $1,557        $1,463        $4,859        $4,088
Weighted average shares outstanding                                         1,472         1,462         1,472         1,462
Effect of dilutive stock options outstanding                                   34            18            34            18
                                                                      --------------------------------------------------------
Diluted weighted average shares outstanding                                 1,506         1,480         1,506         1,480
Diluted earnings per share                                                  $1.03         $0.99         $3.23         $2.76
                                                                      ========================================================
NOTE 3-Comprehensive Income

The following table presents our comprehensive income.
Three Months Ended          Nine Months Ended
                                                                             September 30,               September 30,
                                                                           2002          2001          2002          2001
                                                                      --------------------------------------------------------
                                                                                    (Dollars in thousands)
Net income                                                                 $1,557        $1,463        $4,859        $4,088
Other comprehensive income
  Net change in unrealized gain on available for sale securities              669           343         1,203           808
                                                                      --------------------------------------------------------
Total comprehensive income                                                 $2,226        $1,806        $6,062        $4,896
                                                                      ========================================================
Item 2. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations

                    FIRST BANKING CENTER, INC AND SUBSIDIARY
                       MANAGEMENTS DISCUSSION AND ANALYSIS
                OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
                            As of September 30, 2002

The following discussion provides additional analysis of the financial condition
and results of operations of the Company for the nine months ended September 30,
2002.  This  discussion  focuses on the  significant  factors that  affected the
Company's earnings so far in 2002, with comparisons to 2001. As of September 30,
2002,  First Banking  Center (the "Bank") was the only direct  subsidiary of the
Company and its operations  contributed  nearly all of the revenue for the year.
The Company provides various support functions for the Bank and receives payment
from the Bank for these services. These intercompany payments are eliminated for
the purpose of these consolidated financial statements.  The Bank has two wholly
owned  subsidiaries,  FBC Financial  Services,  Corp., a brokerage and financial
services subsidiary, and FBC-Burlington,  Inc., an investment subsidiary located
in Nevada.

Overview

As of September 30, 2002,  total Company assets were $487.0  million  increasing
2.4% from $475.8 million as of December 31, 2001. Total income,  as of September
30,  2002,  was $4.9  million  or $3.30 per  share,  increasing  18.9% from $4.1
million  or $2.80 per share in 2001.  The  significant  items  resulting  in the
above-mentioned results are discussed below.

Financial Condition

Loans

Loans  outstanding  were $367.2 million and $366.1 million on September 30, 2002
and December 31, 2001 respectively.  This represents an increase of $1.1 million
or .31%.  The following  table  summarizes the changes to date in the major loan
classifications.
As a % of Total Loans
                                            September 30,     December 31,     Change in      September 30,     December 31,
                                                 2002             2001        Balance             2002              2001
                                            --------------------------------------------      ------------------------------
                                                          (Dollars in millions)
Residential Real Estate                         $158.4           $160.7        ($2.3)             43.1%            43.9%
Commercial Real Estate                           $88.3            $90.7         ($2.4)            24.0%            24.8%
Construction and Land Development                $46.9            $43.6          $3.3             12.8%            11.9%
Commercial                                       $26.0            $27.5         ($1.5)             7.1%             7.5%
Allowance for Loan Losses

The  allowance  for possible loan losses was $4.5 million or 1.2% of gross loans
on  September  30,  2002,  compared  with $4.4 million or 1.2% of gross loans on
December 31, 2001. Net charge-offs for the last nine months were $97 thousand or
..03% of gross  loans,  compared to net  charge-offs  of $60  thousand or .02% of
gross loans for the year-ended December 31, 2001.

The allowance for loan losses is established through a provision for loan losses
charged to expense. Loans are charged against the allowance for loan losses when
management  believes that the  collectibility of the principal is unlikely.  The
allowance for loan losses is adequate to cover probable  credit losses  relating
to specifically  identified loans, as well as probable credit losses inherent in
the balance of the loan portfolio. In accordance with FASB Statements 5 and 114,
the  allowance is provided for losses that have been  incurred as of the balance
sheet  date.  The  allowance  is  based  on past  events  and  current  economic
conditions,  and does not include  the  effects of  expected  losses on specific
loans or groups of loans that are related to future  events or expected  changes
in economic  conditions.  Management  reviews a calculation of the allowance for
loan losses on a quarterly  basis.  While  management uses the best  information
available to make its  evaluation,  future  adjustments  to the allowance may be
necessary  if there are  significant  changes in economic  conditions.  Impaired
loans are  measured  based on the present  value of  expected  future cash flows
discounted at the loan's effective  interest rate or, as a practical  expedient,
at the loan's observable market price or the fair value of the collateral if the
loan is collateral dependent. A loan is impaired when it is probable the company
will be unable to collect all contractual principal and interest payments due in
accordance with the terms of the loan agreement.
In addition,  various regulatory agencies  periodically review the allowance for
loan  losses.  These  agencies  may  require the bank to make  additions  to the
allowance for loan losses based on their  judgments of  collectibility  based on
information available to them at the time of their examination.

As of September  30,  2002,  $271  thousand was charged to current  earnings and
added to the allowance for loan losses.

Non-accrual, Past Due and Renegotiated Loans
September 30,     December 31,
                                                                        2002              2001
                                                                  ----------------------------------
                                                                        (Dollars in thousands)
Non-accrual Loans (a)                                                  $2,013           $1,541
Past Due 90 days + (b)                                                      0                0
Restructured Loans                                                          0                0
The policy of the Company is to place a loan on non-accrual status if:

(a)     payment in full of interest and principal is not expected, or
(b)     principal or  interest has been  in default for a  period  of 90 days or
        more  unless  the  obligation  is  both  in  the process  of  collection
        and well secured.  Well secured is defined as collateral with sufficient
        market value to repay principal and all accrued  interest.  A debt is in
        the process of collection if collection of the debt is proceeding in due
        course either  through  legal action,  including  judgement  enforcement
        procedures,  or in   appropriate   circumstances,   through   collection
        efforts  not  involving legal  action which  are reasonably  expected to
        result in repayment of the debt or in its restoration to current status.

The non-accrual  loans consisted  primarily of $998 thousand of residential real
estate loans,  $400 thousand of  commercial  loans,  $371 thousand of commercial
real estate loans,  and $102 thousand of  agricultural  loans.  On September 30,
2002, the ratio of non-accrual  loans to the allowance for loan losses was 44.3%
compared to 35.3% on December 31, 2001.

As of September 30, 2002, the Company had loans totaling $25,236,000 in addition
to those listed as non-accrual, past due or renegotiated that were identified by
the Banks'  internal asset rating  systems as classified  assets and loans which
management has  determined  require  additional  monitoring.  This  represents a
decrease of $2,817,000 or 10.0% from December 31, 2001.  Management is not aware
of any significant  loans,  group of loans or segments of the loan portfolio not
included  above,  where  full  collectibility  cannot  reasonably  be  expected.
Management  has  committed  resources  and is  focusing  on efforts  designed to
control the amount of classified assets. The company does not have a substantial
portion of its loans  concentrated  in one or a few  industries nor does it have
any foreign loans  outstanding as of September 30, 2002. The company's loans are
concentrated  geographically  in the  Wisconsin  counties  of Racine,  Walworth,
Kenosha, Lafayette and Green.

Investments securities - Available for Sale

For the purposes of this discussion,  investment  security balances are based on
amortized  costs.  The securities  available-for-sale  portfolio  increased $9.0
million or 15.4% from  December 31, 2001.  The increase came from three areas of
the portfolio. The company purchased $2.9 million of mortgage-backed securities,
$4.3 million of municipal securities and $57.4 million of U.S. Government Agency
Discount Notes. The company had $565 thousand of municipal  securities and $44.5
million  of U.S.  Government  Agency  Discount  Notes  mature.  There  were $925
thousand of municipal  securities  called and $1.4 million of agency  securities
called by various Government Agencies.  The Company,  also, sold $7.1 million of
U.S.  Government  Agency Discount Notes.  These Discount Notes are purchased for
the use as collateral for the Company's sweep repurchase accounts.
Deposits and Borrowed Funds

Total  deposits and  borrowed  funds were $435.6  million on September  30, 2002
compared to $429.5  million on December  31,  2001.  This is an increase of $6.2
million or 1.4%. The increase is due to increased depositing in savings and time
deposits.  Time deposits equal or greater than $100,000 increased $22.1 or 65.5%
due to an  increase  of $10.0  million in our  brokered  certificates  and $10.0
million in large certificates  issued to core deposit  customers.  The following
table  summarizes  the  changes in the major  classifications  of  deposits  and
borrowed funds.
September 30,      December 31,            Change in
                                                                     2002              2001                  Balance
                                                                 --------------------------------           ---------
                                                                    (Dollars in millions)
Money Market and Savings                                            $140.3             $134.6                  $5.7
Demand  Deposits                                                     $65.6              $66.6                 ($1.0)
Time Deposits less than $100,000                                     $88.7              $87.2                  $1.5
Time Deposits equal or greater than $100,000                         $55.8              $33.7                 $22.1
Securities sold under agreement to repurchase                        $21.5              $26.0                 ($4.5)
Federal Home Loan Borrowings                                         $40.1              $47.3                 ($7.2)
Capital resources

As of September 30, 2002,  the Company's  stockholders'  equity  increased  $5.4
million or 12.9%.  Net income of $4.9  million was the  primary  reasons for the
increase in equity. The company has purchased $179 thousand of treasury stock so
far in 2002.  Accumulated other  comprehensive  income increased $1.2 million to
$1.7 million.

In December 1990,  the Federal  Reserve  Board's  risk-based  guidelines  became
effective.  Under these  guidelines  capital is measured  against the  Company's
subsidiary  bank's  risk-weighted  assets.  The Company's tier 1 capital (common
stockholders'  equity  less  goodwill)  to  risk-weighted  assets  was  12.2% at
September  30,  2002,  well  above the 4%  minimum  required.  Total  capital to
risk-adjusted assets was 13.5%, also well above the 8% minimum requirement.  The
leverage ratio was at 9.5% compared to the 4% minimum requirement.  According to
FDIC capital guidelines, the Company's subsidiary bank is considered to be "well
capitalized."

Asset/liability management

The principal  function of  asset/liability  management is to manage the balance
sheet mix,  maturities,  repricing  characteristics  and pricing  components  to
provide an adequate and stable net interest  margin with an acceptable  level of
risk over time and through interest rate cycles.

Interest-sensitive  assets  and  liabilities  are  those  that  are  subject  to
repricing   within  a  specific   relevant  time  horizon.   The  Bank  measures
interest-sensitive  assets and  liabilities,  and their  relationship  with each
other at terms of immediate, quarterly intervals up to 1 year, and over 1 year.

Changes in net interest income,  other than volume related,  arise when interest
rates on assets  reprice in a time frame or interest  rate  environment  that is
different  from the repricing  period for  liabilities.  Changes in net interest
income  also  arise  from  changes  in the mix of  interest  earning  assets and
interest-bearing liabilities.
The Bank's  strategy with respect to  asset/liability  management is to maximize
net  interest  income  while  limiting  its  exposure  to a  potential  downward
movement.  Strategy is implemented by the Bank's management,  which takes action
based upon its analysis of the Bank's  present  positioning,  its desired future
positioning,  economic  forecasts,  and its goals.  It is the  Bank's  desire to
maintain a cumulative GAP of positive or negative 15% of rate  sensitive  assets
at the 1-year time frame.  The current  percentage  is a positive  22.8%,  which
compares to a positive 17% as of December 31,  2001.  Although  these ratios are
outside the Bank's  target  range,  the Bank's  management  feels the ratios are
appropriate  at this time due to  management's  projection  for future  interest
rates.

Liquidity

Liquidity  measures  the  ability  of  First  Banking  Center  to meet  maturing
obligations and its existing commitments,  to withstand  fluctuations in deposit
levels, to fund its operations,  and to provide for customers' credit needs. One
source of  liquidity is cash and  short-term  assets,  such as  interest-bearing
deposits in other banks and federal  funds sold,  which totaled $32.6 million at
September 30, 2002,  compared with $33.0 million at December 31, 2001.  The Bank
has a variety of sources of  short-term  liquidity  available  to it,  including
federal funds purchased from correspondent  banks, sales of securities available
for sale, FHLB advances, lines of credit and loan participations or sales. First
Banking Center also generates  liquidity from the regular principal payments and
prepayments made on its portfolio of loans and mortgage-backed securities.

The   liquidity  of  First   Banking   Center  is  comprised  of  three  primary
classifications: cash flows from operating activities, cash flows from investing
activities,  and cash flows from  financing  activities.  Net cash  provided  by
operating activities was $5.8 million. Net cash used in investing activities was
$14.9 million. Net cash provided by financing activities was $5.5 million, as of
September 30, 2002.

As of September  30, 2001,  net cash provided by operating  activities  was $2.8
million.  Net cash used in  investing  activities  was $36.9  million.  Net cash
provided by financing activities was $17.4 million.

Impact of Inflation and Changing Prices

The  consolidated  financial  statements  and the  accompanying  notes have been
prepared in accordance  with  accounting  principles  generally  accepted in the
United States of America,  which require the  measurement of financial  position
and operating results in terms of historical dollar amounts without  considering
the  changes  in the  relative  purchasing  power  of  money  over  time  due to
inflation.  The impact of inflation is reflected in the increased  cost of First
Banking Center's  operations.  Unlike  industrial  companies,  nearly all of the
assets and  liabilities  of First  Banking  Center are monetary in nature.  As a
result,  interest  rates  have  a  greater  impact  on  First  Banking  Center's
performance  than do the effects of general levels of inflation.  Interest rates
do not necessarily move in the same direction or to the same extent as the price
of goods and services.

Forward Looking  Statements- Safe Harbor Statement under the Private  Securities
Litigation Reform Act of 1995

This report contains certain  forward-looking  statements  within the meaning of
Section  27A of the  Securities  Act of 1933,  as amended and Section 21E of the
Securities  Exchange Act of 1934, as amended.  First Banking Center intends such
forward-looking  statements  to be covered  by the safe  harbor  provisions  for
forward-looking  statements  contained in the Private  Securities  Reform Act of
1995,  and is  including  this  statement  for  purposes  of these  safe  harbor
provisions.  Forward-looking statements,  which are based on certain assumptions
and describe First Banking  Center's future plans,  strategies and  expectations
are generally  identifiable by use of the words "believe,"  "expect,"  "intend,"
"anticipate,"  "estimate,"  "project"  or  similar  expressions.  First  Banking
Center's  ability to predict  results  or the actual  effect of future  plans or
strategies is inherently uncertain.  Factors which could have a material adverse
affect on First Banking Center's  operations and future prospects  include,  but
are not limited to, changes in: interest  rates,  general  economic  conditions,
legislative/regulatory  changes,  monetary  and  fiscal  policies  of  the  U.S.
Government,  including  policies of the U.S.  Treasury  and the Federal  Reserve
Board, the quality or composition of the loan or investment  portfolios,  demand
for loan products, deposit flows, competition,  demand for financial services in
our market area, our implementation of new technologies,  First Banking Center's
ability to develop  and  maintain  secure and  reliable  electronic  systems and
accounting  principles,  policies and guidelines.  These risks and uncertainties
should be considered in evaluating forward-looking statements and undue reliance
should not be placed on such statements.
Current Accounting Developments

In July 2001, the Financial  Accounting  Standards  Board issued  Statement 141,
Business  Combinations and Statement 142, Goodwill and Other Intangible  Assets.
Statement  141  eliminates  the  pooling  method  for  accounting  for  business
combinations;  requires  that  intangible  assets that meet certain  criteria be
reported separately from goodwill; and requires negative goodwill arising from a
business  combination  to be recorded as an  extraordinary  gain.  Statement 142
eliminates  the  amortization  of  goodwill  and  other   intangibles  that  are
determined  to have an  indefinite  life;  and  requires,  at a minimum,  annual
impairment tests for goodwill and other intangible assets that are determined to
have an indefinite life. For the Company, the provisions of Statement 142 became
effective  January 1, 2002 and did not have a material  impact on the  Company's
financial statements.

The Financial  Accounting  Standards Board has issued Statement 143,  Accounting
for  Asset  Retirement   Obligations  and  Statement  144,  Accounting  for  the
Impairment  or Disposal of  Long-Lived  Assets.  Statement 143 requires that the
fair value of a liability  for an asset  retirement  obligation be recognized in
the period in which it is incurred if a reasonable estimate of fair value can be
made.  The  associated  asset  retirement  costs are  capitalized as part of the
carrying amount of the long-lived asset. Statement 144 supersedes FASB Statement
121 and the accounting and reporting provisions of APB Opinion No. 30. Statement
144 establishes a single  accounting model for long-lived  assets to be disposed
of by sale which includes  measuring a long-lived  asset  classified as held for
sale at the lower of its  carrying  amount or its fair  value less costs to sell
and to  cease  depreciation/amortization.  For the  Company,  the  provision  of
Statement 143 is effective January 1, 2003.  Implementation of this Statement is
not expected to have a material  impact on the Company's  financial  statements.
For the Company,  the  provisions of Statement 144 became  effective  January 1,
2002 and did not have a material impact on the Company's financial statements.

Results of operations

Net Interest Income

Net interest income is the difference  between interest income and fees on loans
and interest expense,  and is the largest  contributing factor to net income for
the  Company.  All  discussions  of rate are on a  tax-equivalent  basis,  which
accounts for income earned on nontaxable loans and securities that are not fully
subject to federal  taxes.  Net  interest  income  was $15.4  million  and $14.0
million for September 30, 2002 and September 30, 2001 respectively. Net interest
margin as a  percentage  of average  earning  assets  (includes  loans placed on
nonaccrual status) was 4.73% for the nine months ended 2002 and 2001.

The decrease in interest  income and fees on loans as of September  30, 2002 was
due to decreased  yields on earning assets.  The increase in interest income and
fees on loans as of September  30, 2001 was due  primarily to increased  average
earning assets.  The major component of interest income and fees on loans is the
income  generated by loans.  Interest  income and fees on loans decreased due to
decreased rates earned on increasing average balances, as of September 30, 2002.
The rates earned decreased from 8.88% to
7.09%.

As of September 30, 2002 average balances outstanding increased,  however, rates
paid for liabilities decreased causing a decrease in interest expense.  Interest
expense as of September  30, 2001 remained  consistent  with 2000 as a result of
increased average balances  outstanding and decreased rates paid on liabilities.
The major  components of interest  expense are interest paid on  Certificates of
Deposit (Time Deposits) and on Money Market Deposits.  As of September 30, 2002,
interest  expense on Time  Deposits  decreased  due to  decreased  rates paid on
increasing  average balances.  The rates paid decreased from 4.6% to 2.8%, as of
September 30, 2002.  Interest  expense on Money Market  Deposits  decreased as a
result of increased  average  balances,  while rates paid decreased from 4.0% to
1.3%, as of September 30, 2002.
The  following  table  summarizes  the  changes  and  reasons for the changes in
interest earned and paid during 2002 and 2001.
Three months ended
                                                                                September 30,
                                                                 2002                                  2001
                                                  ------------------------------------  ------------------------------------
                                                               Interest     Average                  Interest     Average
                                                    Average     Earned       Yield        Average     Earned       Yield
                                                    Balance     or Paid     or Cost       Balance     or Paid     or Cost
                                                  ------------------------------------  ------------------------------------
                                                                           (Dollars in thousands)
Interest Income:
  Interest and fees on loans                    $     366,039       6,377       6.97%       353,464       7,359       8.33%
  Interest and dividends on securities:
      Taxable                                          27,471         270       3.93%        18,213         297       6.52%
      Nontaxable                                       34,921         626       7.17%        31,389         562       7.16%
  Interest on Fed funds sold                            7,886          31       1.57%         6,115          53       3.47%
  Interest on interest-bearing deposits in banks        8,632          40       1.85%         1,076          41      15.24%
                                                  ------------------------------------  ------------------------------------
       Total Interest Income                    $     444,949       7,344       6.60%       410,257       8,312       8.10%
                                                  ====================================  ====================================

Interest Expense
  Interest on deposits                          $     301,233       1,634       2.17%       282,189       2,758       3.91%
  Interest on short-term borrowings                    21,810          96       1.76%        20,295         184       3.63%
  Interest on other borrowings                         41,116         458       4.46%        38,929         500       5.14%
                                                  ------------------------------------  ------------------------------------
       Total Interest Expense                   $     364,159       2,188       2.40%       341,413       3,442       4.03%
                                                  ====================================  ====================================

Net interest margin                                         $       5,156       4.64%             $       4,870       4.75%
                                                              ========================              ========================
Nine months ended
                                                                                September 30,
                                                                 2002                                  2001
                                                  ------------------------------------  ------------------------------------
                                                               Interest     Average                  Interest     Average
                                                    Average     Earned       Yield        Average     Earned       Yield
                                                    Balance     or Paid     or Cost       Balance     or Paid     or Cost
                                                  ------------------------------------  ------------------------------------
                                                                           (Dollars in thousands)
Interest Income:
  Interest and fees on loans                    $     361,330      19,215       7.09%       333,873      22,233       8.88%
  Interest and dividends on securities:
      Taxable                                          28,653         818       3.81%        20,168         898       5.94%
      Nontaxable                                       34,021       1,828       7.16%        29,726       1,583       7.10%
  Interest on Fed funds sold                            6,999          80       1.52%         6,506         213       4.37%
  Interest on interest-bearing deposits in banks        4,739          66       1.86%         3,215         112       4.64%
                                                  ------------------------------------  ------------------------------------
       Total Interest Income                    $     435,742      22,007       6.73%       393,488      25,039       8.48%
                                                  ====================================  ====================================

Interest Expense
  Interest on deposits                          $     295,086       4,970       2.25%       275,810       9,088       3.30%
  Interest on short-term borrowings                    22,556         326       1.93%        19,382         663       3.42%
  Interest on other borrowings                         37,635       1,266       4.49%        32,519       1,316       4.05%
                                                  ------------------------------------  ------------------------------------
       Total Interest Expense                   $      355,277       6,562       2.46%       327,711      11,067       3.38%
                                                  ====================================  ====================================

Net interest margin                                         $      15,445       4.73%             $      13,972       4.73%
                                                              ========================              ========================
Non-interest income

Non-interest  income  increased $496 thousand or 19.9% as of September 30, 2002.
The increase came in primarily two areas.  Service  charges on deposit  accounts
increased  $292  thousand  as the number of  accounts  grew and charges for some
services were increased.  Other income  increased $204 thousand due to brokerage
services, visa debit card income, and miscellaneous investment income.

Non-interest expense

Non-interest  expense  increased $608 thousand or 6.0% as of September 30, 2002.
Salaries and benefits accounted for $541 thousand.  The increase in salaries and
benefits is due to normal wage increases and increased  health  insurance costs.
Equipment  expense  increased $177 thousand due primarily to increases in repair
and  maintenance.  Data processing costs increased $90 thousand due to increased
volumes and additional  services used.  Other expenses  decreased $214 thousand.
This is the result of cost control management.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk

First Banking Center,  like other financial  institutions,  is subject to direct
and  indirect  market risk.  Direct  market risk exists from changes in interest
rates.  First  Banking  Center's  net income is  dependent  on its net  interest
income.  Net interest  income is susceptible to interest rate risk to the degree
that  interest-bearing  liabilities  mature or reprice on a different basis than
interest-earning  assets.  When  interest-bearing  liabilities mature or reprice
more quickly  than  interest-earning  assets in a given  period,  a  significant
increase in market rates of interest could adversely affect net interest income.

Similarly,  when  interest-earning  assets  mature or reprice  more quickly than
interest-bearing liabilities,  falling interest rates could result in a decrease
in net income.

In an attempt to manage its  exposure to changes in interest  rates,  management
monitors  First  Banking  Center's  interest  rate  risk.  The   Asset/Liability
Committee  meets quarterly to review First Banking  Center's  interest rate risk
position  and   profitability,   and  to  make  or  recommend   adjustments  for
consideration  by the Board of  Directors.  Management  also  reviews the Bank's
securities portfolio,  formulates investment strategies, and oversees the timing
and   implementation  of  transactions  to  assure  attainment  of  the  Board's
objectives in the most effective manner.  Notwithstanding First Banking Center's
interest rate risk management  activities,  the potential for changing  interest
rates is an uncertainty that can have an adverse effect on net income.

In adjusting  First Banking  Center's  asset/liability  position,  the Board and
management  attempt to manage First  Banking  Center's  interest rate risk while
maintaining or enhancing net interest margins. At times,  depending on the level
of general  interest rates, the  relationship  between  long-term and short-term
interest  rates,  market  conditions  and  competitive  factors,  the  Board and
management  may decide to increase  First  Banking  Center's  interest rate risk
position  somewhat in order to increase its net interest  margin.  First Banking
Center's  results of operations  and net portfolio  values remain  vulnerable to
increases  in  interest  rates and to  fluctuations  in the  difference  between
long-term and short-term interest rates.

One approach  used to quantify  interest  rate risk is the net  portfolio  value
("NPV") analysis.  In essence,  this analysis  calculates the difference between
the present  value of  liabilities  and the present value of expected cash flows
from assets and off-balance-sheet contracts. The most recent NPV analysis, as of
September  30,  2002,  projects  that net  portfolio  value  would  decrease  by
approximately  4.47% if  interest  rates  would rise 200 basis  points and would
decrease by  approximately  1.80% if interest  rates would rise 100 basis points
over  the  next  year.  It  projects  an  increase  in net  portfolio  value  of
approximately  9.88% if  interest  rates  would  drop 200  basis  points  and an
increase of  approximately  5.54% if interest rates would drop 100 basis points.
Both simulations are within board-established policy limits. The Company has not
experienced any material  changes to its market risk position since December 31,
2001, as disclosed in the Company's 2001 Form 10K Annual  Report.  First Banking
Center's  policy is to limit the effect of a 200 basis  point rate shock to plus
or minus 20% of  projected  net  interest  income and to minus 35% of the market
value of portfolio equity.
First  Banking  Center does not  currently  engage in trading  activities or use
derivative   instruments  to  control  interest  rate  risk.  Even  though  such
activities may be permitted  with the approval of the Board of Directors,  First
Banking  Center does not intend to engage in such  activities  in the  immediate
future.

Interest rate risk is the most  significant  market risk affecting First Banking
Center.  Other types of market risk, such as foreign currency exchange rate risk
and  commodity  price risk,  do not arise in the normal  course of First Banking
Center's business activities.

Item 4.  Controls and Procedures

Within  the 90 days  prior  to the  date of this  report,  the  Company's  Chief
Executive  Officer and Chief Financial  Officer carried out an evaluation,  with
the participation of other members of management as they deemed appropriate,  of
the  effectiveness  of the  design and  operation  of the  Company's  disclosure
controls and procedures as contemplated by Exchange Act Rule 13a-14. Based upon,
and as of the date of that  evaluation,  the Chief  Executive  Officer and Chief
Financial  Officer  concluded  that  the  Company's   disclosure   controls  and
procedures are effective,  in all material respects,  in timely alerting them to
material information relating to the Company (and its consolidated subsidiaries)
required to be included in the periodic  reports the Company is required to file
and submit to the SEC under the Exchange Act.

There have been no significant  changes to the Company's internal controls or in
other factors that could  significantly  affect these controls subsequent to the
date that the internal  controls  were most  recently  evaluated.  There were no
significant  deficiencies or material  weaknesses  identified in that evaluation
and, therefore, no corrective actions were taken.
Part II-OTHER INFORMATION
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

         None

Item 5.  Other Information

             None

Item 6.  Exhibits and Reports on Form 8-K

             None
FIRST BANKING CENTER, INC AND SUBSIDIARIES

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of
1943, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.

                           First Banking Center, Inc.

November 11, 2002                   /s/ Brantly Chappell
Date                                Brantly Chappell
                                    Chief Executive Officer

November 11, 2002                   /s/ James Schuster
Date                                James Schuster
                                    Chief Financial Officer
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

I, Brantly Chappel, Chief Executive Officer, certify that:

1) I have reviewed this quarterly  report on Form 10-Q of First Banking  Center,
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/ Brantly Chappell
                              -----------------------
                              Brantly Chappell
                              Chief Executive Officer
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

I, James Schuster, Chief Financial Officer, certify that:

1) I have reviewed this quarterly  report on Form 10-Q of First Banking  Center,
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/ James Schuster
                              -----------------------
                              James Schuster
                              Chief Financial Officer
CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The  following  certification  is provided by the  undersigned  Chief  Executive
Officer of First Banking Center,  Inc. on the basis of such officer's  knowledge
and belief for the sole purpose of complying  with 18 U.S.C.  Section  1350,  as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

                                  CERTIFICATION

In connection  with the  Quarterly  Report of First  Banking  Center,  Inc. (the
"Company")  on Form 10-Q for the period ended  September  30, 2002 as filed with
the Securities and Exchange  Commission on November 14, 2002 (the "Report"),  I,
Brantly  Chappell,  Chief  Executive  Officer of the  Company,  hereby  certify,
pursuant to 18 U.S.C.  Section 1350,  as adopted  pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934, as amended; and

(2) The  information  contained in the Report fairly  presents,  in all material
respects, the financial condition and results of operations of the Company.

                              /s/Brantly Chappell
                              ------------------------------
                              Name:  Brantly Chappell
                              Title: Chief Executive Officer
                              Date:  November 11, 2002
CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The  following  certification  is provided by the  undersigned  Chief  Financial
Officer of First Banking Center,  Inc. on the basis of such officer's  knowledge
and belief for the sole purpose of complying  with 18 U.S.C.  Section  1350,  as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

                                  CERTIFICATION

In connection  with the  Quarterly  Report of First  Banking  Center,  Inc. (the
"Company")  on Form 10-Q for the period ended  September  30, 2002 as filed with
the Securities and Exchange  Commission on November 14, 2002 (the "Report"),  I,
James Schuster, Chief Financial Officer of the Company, hereby certify, pursuant
to  18  U.S.C.  Section  1350,  as  adopted  pursuant  to  Section  906  of  the
Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934, as amended; and

(2) The  information  contained in the Report fairly  presents,  in all material
respects, the financial condition and results of operations of the Company.

                              /s/James Schuster
                              ------------------------------
                              Name:  James Schuster
                              Title: Chief Financial Officer
                              Date:  November 11, 2002