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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  _____________
                                    FORM 10-Q

            QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

  For the Quarterly Period Ended June 30, 2001 - Commission File Number 0-25422
                                  _____________
                              PAB BANKSHARES, INC.
                             (A Georgia Corporation)
                 IRS Employer Identification Number: 58-1473302

                3250 NORTH VALDOSTA ROAD, VALDOSTA, GEORGIA 31602
                        TELEPHONE NUMBER: (229) 241-2775


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  [ ]

The  number  of  shares outstanding of the registrant's common stock at June 30,
2001  was  9,503,663  shares.

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<PAGE>
                                TABLE OF CONTENTS
                              -------------------


                                                                         Page
                                                                         ----

PART I  FINANCIAL INFORMATION
------  ---------------------
  Item 1.  Consolidated Financial Statements (Unaudited)
             Statements of Condition                                        3
             Statements of Income                                           4
             Statements of Comprehensive Income                             5
             Statements of Cash Flows                                       6
             Notes to Consolidated Financial Statements                     7
  Item 2.  Management's Discussion and Analysis of Financial Condition
             and Results of Operations                                     10
  Item 3.  Qualitative and Quantitative Disclosures About Market Risk      16

PART II  OTHER INFORMATION
-------  -----------------
  Item 1.  Legal Proceedings                                               17
  Item 2.  Changes in Securities and Use of Proceeds                       17
  Item 3.  Defaults Upon Senior Securities                                 17
  Item 4.  Submissions of Matters to a Vote of Security Holders            17
  Item 5.  Other Information                                               17
  Item 6.  Exhibits and Reports on Form 8-K                                17

SIGNATURES                                                                 18


                                      -2-
<PAGE>

PART I  FINANCIAL INFORMATION

<TABLE>
<CAPTION>
                      PAB BANKSHARES, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CONDITION
                    AS OF JUNE 30, 2001 AND DECEMBER 31, 2000

---------------------------------------------------------------------------------------------

                                                                  JUNE 30,      DECEMBER 31,
                                                                    2001            2000
                                                                -------------  --------------
                                                                 (UNAUDITED)
<S>                                                             <C>            <C>
ASSETS
  Cash and due from banks                                       $ 34,988,991   $  29,697,335
  Interest-bearing deposits in other banks                        15,274,649      13,414,020
  Federal funds sold                                              29,341,000      43,415,000
  Investment securities                                          107,141,059      84,924,830

  Loans                                                          618,334,765     580,736,533
  Allowance for loan losses                                       (8,240,340)     (8,184,641)
                                                                -------------  --------------
      Net loans                                                  610,094,425     572,551,892
                                                                -------------  --------------

  Premises and equipment                                          23,252,339      22,380,725
  Goodwill and other intangible assets                             6,143,911       6,450,742
  Investment in unconsolidated subsidiary                            186,642          57,639
  Cash value of bank-owned life insurance policies                 9,218,484       9,041,355
  Foreclosed assets                                                  576,069         566,518
  Other assets                                                    11,002,672      12,406,513
                                                                -------------  --------------

      Total assets                                              $847,220,241   $ 794,906,569
                                                                =============  ==============

LIABILITIES AND STOCKHOLDERS' EQUITY
  Deposits:
    Noninterest-bearing                                         $ 72,816,952   $  70,679,023
    Interest-bearing                                             621,580,275     566,500,715
                                                                -------------  --------------
      Total deposits                                             694,397,227     637,179,738
                                                                -------------  --------------

  Federal funds purchased and securities sold under
    agreements to repurchase                                      12,816,087      12,165,591
  Advances from the Federal Home Loan Bank                        52,415,749      58,701,282
  Other borrowings                                                 7,667,280       7,667,280
  Other liabilities                                                7,068,156       8,412,198
                                                                -------------  --------------
      Total liabilities                                          774,364,499     724,126,089
                                                                -------------  --------------

  Stockholders' equity:
    Preferred stock, no par value, 1,500,000 shares authorized,
      no shares issued                                                     -               -
  Common stock, no par value, 98,500,000 shares authorized,
    9,503,663 and 9,501,947 shares issued                          1,217,065       1,217,065
  Additional paid-in capital                                      29,644,549      29,754,284
  Retained earnings                                               40,368,740      38,939,722
  Accumulated other comprehensive income                           1,625,388         869,409
                                                                -------------  --------------
      Total stockholders' equity                                  72,855,742      70,780,480
                                                                -------------  --------------

      Total liabilities and stockholders' equity                $847,220,241   $ 794,906,569
                                                                =============  ==============

See accompanying notes to consolidated financial statements.
</TABLE>


                                      -3-
<PAGE>
<TABLE>
<CAPTION>
                                        PAB BANKSHARES, INC. AND SUBSIDIARIES
                                          CONSOLIDATED STATEMENTS OF INCOME
                                                     (UNAUDITED)

                                                                  THREE  MONTHS  ENDED          SIX  MONTHS  ENDED
                                                                        JUNE  30,                   JUNE  30,
                                                               --------------------------  --------------------------
                                                                   2001          2000          2001          2000
                                                               ------------  ------------  ------------  ------------
<S>                                                            <C>           <C>           <C>           <C>

INTEREST INCOME
  Interest and fees on loans                                   $14,117,386   $12,572,240   $27,942,412   $24,581,118
  Interest and dividends on investment securities:
    Taxable                                                      1,465,211     1,039,617     2,652,627     2,088,554
    Nontaxable                                                      46,112        55,472        96,444       116,886
  Other interest income                                            780,799       285,549     2,077,133       706,979
                                                               ------------  ------------  ------------  ------------
        Total interest income                                   16,409,508    13,952,878    32,768,616    27,493,537
                                                               ------------  ------------  ------------  ------------

INTEREST EXPENSE
  Interest on deposits                                           8,351,234     5,520,502    16,538,460    10,755,583
  Interest on federal funds purchased and securities sold
    under agreements to repurchase                                 130,081       181,146       276,248       318,647
  Interest on Federal Home Loan Bank advances                      874,466       867,777     1,816,882     1,718,247
  Interest on other borrowings                                     123,090             -       259,385             -
                                                               ------------  ------------  ------------  ------------
      Total interest expense                                     9,478,871     6,569,425    18,890,975    12,792,477
                                                               ------------  ------------  ------------  ------------

      Net interest income                                        6,930,637     7,383,453    13,877,641    14,701,060

Provision for loan losses                                          301,000       337,000       580,667       728,437
                                                               ------------  ------------  ------------  ------------
      Net interest income after provision for loan losses        6,629,637     7,046,453    13,296,974    13,972,623
                                                               ------------  ------------  ------------  ------------

OTHER INCOME
  Service charges on deposit accounts                            1,473,312       981,677     2,725,843     1,894,937
  Other fee income                                                 378,008       191,433       729,075       315,815
  Securities transactions, net                                         695        (5,177)          (19)      (11,056)
  Equity in earnings of unconsolidated subsidiary                  111,893       186,209       254,006       325,417
  Gain (loss) on disposal of assets                                 (2,010)     (182,216)       13,997      (174,168)
  Other noninterest income                                         483,149       155,114       633,695       315,114
                                                               ------------  ------------  ------------  ------------
      Total other income                                         2,445,047     1,327,040     4,356,597     2,666,059
                                                               ------------  ------------  ------------  ------------

OTHER EXPENSES
  Salaries and employee benefits                                 3,621,658     2,864,083     7,020,554     5,663,511
  Occupancy expense of premises                                    374,093       275,182       761,016       564,633
  Furniture and equipment expense                                  602,087       396,975     1,225,692       799,636
  Amortization of goodwill and other intangibles                    88,340        89,165       233,308       178,332
  Other noninterest expense                                      1,695,822     1,705,344     3,319,669     3,227,802
                                                               ------------  ------------  ------------  ------------
      Total other expenses                                       6,382,000     5,330,749    12,560,239    10,433,914
                                                               ------------  ------------  ------------  ------------

      Income before income tax expense                           2,692,684     3,042,744     5,093,332     6,204,768
Income tax expense                                                 853,515     1,034,401     1,574,282     2,072,036
                                                               ------------  ------------  ------------  ------------

      Net income                                               $ 1,839,169   $ 2,008,343   $ 3,519,050   $ 4,132,732
                                                               ============  ============  ============  ============

Earnings per common share:
  Basic                                                        $      0.19   $      0.21   $      0.37   $      0.43
                                                               ============  ============  ============  ============
  Diluted                                                      $      0.19   $      0.21   $      0.37   $      0.43
                                                               ============  ============  ============  ============

Weighted-average shares outstanding:
  Basic                                                          9,495,459     9,523,417     9,496,662     9,549,379
                                                               ============  ============  ============  ============
  Diluted                                                        9,573,956     9,589,011     9,566,902     9,633,321
                                                               ============  ============  ============  ============

Dividends declared per share                                   $      0.11   $    0.1075   $      0.22   $    0.2125
                                                               ============  ============  ============  ============

See  accompanying  notes  to  consolidated  financial  statements.
</TABLE>


                                      -4-
<PAGE>
<TABLE>
<CAPTION>
                                      PAB BANKSHARES, INC. AND SUBSIDIARIES
                                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
                                                   (UNAUDITED)

                                                                    THREE  MONTHS  ENDED    SIX  MONTHS  ENDED
                                                                         JUNE  30,              JUNE  30,
                                                                 -----------------------  -----------------------
                                                                    2001         2000        2001        2000
                                                                 -----------  ----------  ----------  -----------
<S>                                                              <C>          <C>         <C>         <C>
Net income                                                       $1,839,169   $2,008,343  $3,519,050  $4,132,732

Other comprehensive income (loss):
  Unrealized holding gains (losses) arising during
    the period, net of tax (benefit) of $131,145 and $7,180 for
    the quarter and $389,437 and ($139,882) for the year            254,445       13,936     755,966    (271,541)
  Reclassification adjustment for (gains) losses included in
    net income, net of tax (benefit) of $236 and ($1,760) for
    the quarter and ($6) and ($3,759) for the year                     (459)       3,417          13       7,297
                                                                 -----------  ----------  ----------  -----------
                                                                    253,986       17,353     755,979    (264,244)
                                                                 -----------  ----------  ----------  -----------

      Comprehensive income                                       $2,093,155   $2,025,696  $4,275,029  $3,868,488
                                                                 ===========  ==========  ==========  ===========

See  accompanying  notes  to  consolidated  financial  statements.
</TABLE>


                                      -5-
<PAGE>
<TABLE>
<CAPTION>
                              PAB BANKSHARES, INC. AND SUBSIDIARIES
                              CONSOLIDATED STATEMENTS OF CASH FLOWS
                             SIX MONTHS ENDED JUNE 30, 2001 AND 2000
                                           (UNAUDITED)

                                                                         2001           2000
                                                                     -------------  -------------
<S>                                                                  <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES
  Net income                                                         $  3,519,050   $  4,132,732
  Adjustments to reconcile net income to net cash
    provided by operating activities:
    Depreciation, amortization and accretion, net                       1,375,046        943,003
    Provision for loan losses                                             580,667        728,437
    Net realized loss on securities transactions                               19         11,056
    Net (gain) loss on disposal of assets                                 (13,997)       174,168
    Equity in earnings of unconsolidated subsidiary                      (254,006)      (325,417)
    Dividends received from unconsolidated subsidiary                     125,000        125,000
    Net (increase) decrease in accrued interest receivable, prepaid
      expenses and other assets                                           715,903       (641,546)
    Net decrease in accrued interest payable, accrued
      expenses and other liabilities                                   (1,770,405)      (158,629)
                                                                     -------------  -------------
            Net cash provided by operating activities                   4,277,277      4,988,804
                                                                     -------------  -------------

CASH FLOWS FROM INVESTING ACTIVITIES
  (Increase) decrease in interest-bearing deposits in other banks      (1,860,629)       802,839
  Decrease in Federal funds sold                                       14,074,000      9,735,000
  Activities on securities available for sale:
    Purchases                                                         (39,693,868)      (662,131)
    Proceeds from sales and calls                                       7,656,962        559,142
    Proceeds from maturities and paydowns                              10,952,346      6,103,597
  Net increase in loans                                               (38,219,888)   (45,266,480)
  Purchase of premises and equipment                                   (1,958,487)    (3,618,080)
  Proceeds from disposal of assets                                        686,102        831,169
  Proceeds from life insurance benefits                                         -        511,031
                                                                     -------------  -------------
      Net cash used in investing activities                           (48,363,462)   (31,003,913)
                                                                     -------------  -------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Net increase in deposits                                             57,217,489     25,203,516
  Net increase in Federal funds purchased and
    securities sold under repurchase agreements                           650,496        436,055
  Advances from the Federal Home Loan Bank                                700,000     20,300,000
  Payments on Federal Home Loan Bank advances                          (6,985,533)   (23,735,595)
  Dividends paid                                                       (2,094,876)    (2,102,619)
  Proceeds from the exercise of stock options                             171,875          4,989
  Acquisition of stock under stock repurchase plans                      (281,610)    (1,347,029)
                                                                     -------------  -------------
      Net cash provided by financing activities                        49,377,841     18,759,317
                                                                     -------------  -------------

       Net increase (decrease) in cash and due from banks               5,291,656     (7,255,792)
Cash and due from banks at beginning of period                         29,697,335     31,524,206
                                                                     -------------  -------------

Cash and due from banks at end of period                             $ 34,988,991   $ 24,268,414
                                                                     =============  =============

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
  Cash paid during the period for:
    Interest                                                         $ 18,072,366   $ 12,660,390
                                                                     =============  =============
    Taxes                                                            $  1,421,444   $  2,606,300
                                                                     =============  =============

NONCASH INVESTING AND FINANCING TRANSACTIONS:
  Increase (decrease) in unrealized gains on
    securities available for sale                                    $  1,187,186   $   (399,720)
                                                                     =============  =============

See  accompanying  notes  to  consolidated  financial  statements.
</TABLE>


                                      -6-
<PAGE>
                      PAB BANKSHARES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
--------------------------------------------------------------------------------

NOTE  1.  NATURE  OF  BUSINESS

     PAB Bankshares, Inc. ("PAB") is a multi-bank holding company whose business
     is  conducted  by its five subsidiary banks (the "Banks") and an investment
     advisory  services  subsidiary  called  PAB  Financial  Services, LLC ("PAB
     Financial").  The  Banks  offer  a  broad  range of commercial and consumer
     banking  products  and  services  to  its  customers  at 17 banking offices
     located in south Georgia, south-metro Atlanta, and central Florida. Through
     PAB  Financial,  the  Banks are also able to offer brokerage and investment
     services  to  their  customers.  Both  PAB and the Banks are subject to the
     regulations  of  certain  Federal  and  state agencies and are periodically
     examined  by  those  regulatory  agencies.

     During  the  second quarter of 2001, PAB completed the consolidation of its
     Florida bank charter, Friendship Community Bank of Ocala, Florida, into its
     lead  bank,  The  Park  Avenue  Bank  of  Valdosta,  Georgia.


NOTE  2.  BASIS  OF  PRESENTATION

     The  accompanying  consolidated  financial information of PAB is unaudited;
     however,  such  information  reflects all adjustments (consisting of normal
     recurring  adjustments)  which are, in the opinion of management, necessary
     for  a  fair  presentation  of  the  financial  position  and  results  of
     operations.  The  results of operations for the three months and six months
     ended  June 30, 2001 are not necessarily indicative of the results that may
     be  expected  for  the  full  year.  These  statements  should  be  read in
     conjunction  with  the  consolidated financial statements and notes thereto
     included  in  PAB's  Annual Report on Form 10-K for the year ended December
     31,  2000.

     The  accounting and reporting policies of PAB conform to generally accepted
     accounting  principles  and general practices within the financial services
     industry. In preparing the consolidated financial statements, management is
     required to make estimates and assumptions that affect the reported amounts
     of  assets and liabilities as of the date of the statement of condition and
     the  reported amounts of revenues and expenses during the reporting period.
     Actual  results  could differ from those estimates. Material estimates that
     are  particularly susceptible to significant change in the near term relate
     to the determination of the allowance for loan losses, and the valuation of
     foreclosed  real  estate  and  deferred  tax  assets.

     PAB's consolidated financial statements include the accounts of PAB and its
     subsidiaries.  All  significant intercompany transactions and accounts have
     been  eliminated  in  consolidation.

     Certain  items  in  the consolidated financial statements as of and for the
     three  months  and  six  months ended June 30, 2000 have been reclassified,
     with  no  net  effect  on  total assets, total stockholders' equity, or net
     income, in order to be consistent with the classifications adopted with the
     current  year  presentation.


                                      -7-
<PAGE>
                      PAB BANKSHARES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
--------------------------------------------------------------------------------


NOTE  3.  STOCKHOLDERS'  EQUITY

     On  February  28,  2001,  the  Board of Directors declared a quarterly cash
     dividend  of  $0.11 per share payable to shareholders of record as of March
     31,  2001.  The  dividends  were  paid  on  April  16,  2001.

     On  May 29, 2001, the Board of Directors declared a quarterly cash dividend
     of  $0.11  per share payable to shareholders of record as of June 30, 2001.
     The  dividends  were  paid  on  July  16,  2001.

     During  the  six  months  ended  June  30, 2001, PAB acquired and cancelled
     25,784  shares  of  common  stock  for a total cost of $281,610 through two
     stock repurchase plans approved by the Board of Directors on March 20, 2000
     and  January  29,  2001.  At June 30, 2001, a balance of 104,600 shares was
     available  for  repurchase  in  the  2001  plan.

     During  the  six  months  ended  June 30, 2001, PAB issued 27,500 shares of
     common  stock  for  a total of $171,875 upon the exercise of employee stock
     options.


NOTE  4.  EARNINGS  PER  SHARE

     The  following  table  sets  forth  the  computation  of  basic and diluted
     earnings  per  share:

<TABLE>
<CAPTION>
                                                         THREE  MONTHS  ENDED     SIX  MONTHS  ENDED
                                                              JUNE  30,               JUNE  30,
                                                        ----------------------  ----------------------
                                                           2001        2000        2001        2000
                                                        ----------  ----------  ----------  ----------
<S>                                                     <C>         <C>         <C>         <C>
          Basic earnings per share:
            Net income                                  $1,839,169  $2,008,343  $3,519,050  $4,132,732
                                                        ----------  ----------  ----------  ----------

            Weighted average common shares outstanding   9,495,459   9,523,417   9,496,662   9,549,379
                                                        ----------  ----------  ----------  ----------

              Earnings per common share                 $     0.19  $     0.21  $     0.37  $     0.43
                                                        ==========  ==========  ==========  ==========

          Diluted earnings per share:
            Net income                                  $1,839,169  $2,008,343  $3,519,050  $4,132,732
                                                        ----------  ----------  ----------  ----------

            Weighted average common shares outstanding   9,495,459   9,523,417   9,496,662   9,549,379
            Effect of dilutive stock options                78,497      65,594      70,240      83,942
                                                        ----------  ----------  ----------  ----------
              Weighted average diluted common
                shares outstanding                       9,573,956   9,589,011   9,566,902   9,633,321
                                                        ----------  ----------  ----------  ----------

              Earnings per common share                 $     0.19  $     0.21  $     0.37  $     0.43
                                                        ==========  ==========  ==========  ==========
</TABLE>


                                      -8-
<PAGE>
                      PAB BANKSHARES, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


NOTE  5.  RECENT  ACCOUNTING  DEVELOPMENTS

     On  July  20,  2001, the Financial Accounting Standards Board (FASB) issued
     Statement  No.  141, Business Combinations, and Statement No. 142, Goodwill
     and  Other  Intangible Assets. Statement No. 141 requires that the purchase
     method of accounting be used for business combinations initiated after June
     30, 2001. Use of the pooling-of-interests method of accounting for business
     combinations  is  no  longer  permitted.  Statement  No.  142 requires that
     goodwill  no  longer  be  amortized to earnings, but instead be reviewed at
     least  annually  for impairment. The straight-line amortization of goodwill
     on  PAB's books will cease upon adoption of Statement No. 142 on January 1,
     2002.

     On  July  6,  2001,  the Federal Financial Institutions Examination Council
     published  its Interagency Policy Statement on Allowance for Loan and Lease
     Losses  Methodologies and Documentation for Banks and Savings Institutions.
     On  the  same  date, the Securities and Exchange Commission issued parallel
     guidance in Staff Accounting Bulletin No. 102, Selected Loan Loss Allowance
     Methodology  and  Documentation Issues. Both documents provide guidance for
     financial  institutions  on the development, documentation, and application
     of  a  systematic methodology for determining allowances for loan losses in
     accordance  with  generally  accepted  accounting  principles.  Management
     believes  that  its  current  methodology for determining its allowance for
     loan  losses  is  in  accordance  with  this  new  guidance.

     There  were  no  other recent accounting pronouncements adopted by PAB that
     management  considers  to  have  had  a  material impact on PAB's financial
     condition  or  results  of  operations.


                                      -9-
<PAGE>
CAUTIONARY  NOTICE  REGARDING  FORWARD-LOOKING  STATEMENTS

Some of the statements in this Quarterly Report on Form 10-Q, including, without
limitation,  matters  discussed  under  the caption "Management's Discussion and
Analysis  of  Financial  Condition  and  Results  of Operation," as well as oral
statements  made  by PAB Bankshares, Inc. ("PAB") or the officers, directors, or
employees  of PAB may constitute "forward-looking statements" within the meaning
of  the  Securities  Act of 1933, as amended, and the Securities Exchange Act of
1934,  as  amended.  Forward-looking  statements  include  statements  about the
competitiveness  of  the banking industry, potential regulatory obligations, our
strategies and other statements that are not historical facts. When or if we use
in  this  Quarterly  Report  words  like  "anticipate,"  "believe,"  "expect,"
"estimate"  and  similar  expressions,  you  should consider them as identifying
forward-looking  statements.  These forward-looking statements involve risks and
uncertainties and are based on the beliefs and assumptions of management of PAB,
and  on  the  information  available  to  management  at  the  time  that  these
disclosures  were  prepared.  Factors  that  may  cause actual results to differ
materially  from  those  expressed or implied by such forward-looking statements
include,  among  others,  the following possibilities: (1) competitive pressures
among  depository  and  other financial institutions may increase significantly;
(2)  changes  in  the  interest rate environment may reduce margins; (3) general
economic  conditions  may  be  less favorable than expected, resulting in, among
other things, a deterioration in credit quality and/or a reduction in demand for
credit;  (4)  legislative or regulatory changes, including changes in accounting
standards,  may  adversely  affect  the  businesses in which PAB is engaged; (5)
costs  or  difficulties  related to the integration of the businesses of PAB and
its  merger  partners  may  be  greater than expected; (6) expected cost savings
associated  with  mergers  may  not  be  fully  realized  or realized within the
expected  time  frame;  (7)  deposit  attrition,  customer  loss or revenue loss
following mergers may be greater than expected; (8) competitors may have greater
financial resources and develop products that enable such competitors to compete
more  successfully  than  PAB; and (9) adverse changes may occur in the bond and
equity  markets.  Many  of  such  factors are beyond PAB's ability to control or
predict,  and  readers  are  cautioned  not  to  put  undue  reliance  on  such
forward-looking statements. PAB disclaims any obligation to update or revise any
forward-looking  statements  contained  in  this  Quarterly Report, whether as a
result  of  new  information,  future  events  or  otherwise.


ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION
             AND  RESULTS  OF  OPERATION

FINANCIAL  CONDITION

During  the  second  quarter,  the  Banks  began  to  see  a  renewed demand for
commercial  and mortgage loans that had been considered as slow since the latter
part  of  2000.  However,  management  attributes  most  of this demand to lower
interest rates.  In an effort to trim excess liquidity, management eased off its
efforts  for  non-core  deposit growth during the quarter and the Banks actually
closed  the  quarter  down $0.4 million in total deposits from the prior quarter
end.  During  the  quarter, management used the majority of the $57.6 million in
deposit  growth  from  the  first  quarter to fund $27.7 million in net new loan
growth,  to  purchase  $15.5 million in net new investments, and to pay off $6.7
million  in  advances  from  the Federal Home Loan Bank.  This also helped bring
PAB's  investment  in  overnight  Fed Funds down from $83.2 million at March 31,
2001  to  $29.3  million  at  June  30,  2001.

At  June  30, 2001, PAB's total assets were $847.2 million, a 6.6% increase from
year  end.  Total loans were $618.3 million, a 6.4% increase, and total deposits
were  $694.4  million,  a 9.0% increase.  The resulting loan-to-deposit ratio at
quarter  end  was  at  89.0%  compared  to  a ratio of 91.1% at year end.  PAB's
investment  portfolio was valued at $107.1 million with a net unrealized gain of
$2.5  million at quarter end.  Total advances from the Federal Home Loan Bank of
Atlanta (the "FHLB") were $52.4 million, a 10.7% decrease since year end.  Total
stockholders' equity of PAB was $72.9 million, or $7.67 per share at quarter end
compared  to  $7.45  per  share  at  year  end.


                                      -10-
<PAGE>
RESULTS  OF  OPERATIONS

For  the  second  quarter of 2001, net income was $1.84 million, or 19 cents per
diluted  share  compared  to 21 cents per diluted share in the second quarter of
2000.  Net  interest  income  was $6.93 million, a 5.2% decrease compared to the
second  quarter  of  2000.  The  provision for loan losses was $301,000, a 10.7%
decrease. Excluding non-recurring gains and losses, noninterest income was $2.44
million,  a  61.6%  increase.  Noninterest  expense  was  $6.38 million, a 21.3%
increase.  Income  tax  expense  was  $854,000,  a  17.5%  decrease.

For  the  year  to  date,  net income was $3.52 million, or 37 cents per diluted
share  compared  to 43 cents per diluted share in 2000.  Net interest income was
$13.88  million,  a  4.7%  decrease  compared  to  the same period in 2000.  The
provision for loan losses was $581,000, 20.3% decrease.  Excluding non-recurring
gains  and  losses,  noninterest  income  was  $4.34  million, a 52.2% increase.
Noninterest  expense  was  $12.56 million, a 22.0% increase.  Income tax expense
was  $1.57  million,  a  24.0%  decrease.

The  reasons  for  these  changes  are  discussed  in  more  detail  below.

Comparisons  with  the  prior year are affected by the acquisition of Friendship
Community  Bank  of Ocala, Florida in December 2000 using the purchase method of
accounting.

Net  Interest  Income
---------------------
For  the  second  quarter  of 2001, net interest income (on a taxable-equivalent
basis)  was  $6.95  million, a 5.3% decline compared to the $7.34 million earned
during  the  same  period  last  year.  Total  interest  income  (on  a
taxable-equivalent  basis) was $16.43 million, an 18.1% increase compared to the
$13.91  million  earned  in 2000.  The increase in interest income was due to an
increase  of  $156.7  million, or 25.1%, in the volume of average earning assets
compared to the same period last year.  A decline in the average yield earned on
those  assets  offset  some  of the positive growth.  Total interest expense was
$9.48 million, a 44.3% increase compared to the $6.57 million paid in 2000.  The
increase  in interest expense is primarily due to an increase of $161.4 million,
or  30.4%, in the volume of average interest-bearing liabilities compared to the
same  period  last  year.

Overall,  the  decrease  in  the  net interest income is primarily the result of
having  an asset sensitive balance sheet during a period of six consecutive cuts
in short term interest rates made by the Federal Open Markets Committee.   Being
asset  sensitive  in the short term, the Banks' interest-earning assets repriced
more frequently than its interest-bearing liabilities, which, for the most part,
bear rates fixed prior to the cuts.  Management did see a decline in its average
cost  of  funds  fall  from 5.60% in the fourth quarter of 2000 and 5.65% in the
first  quarter  of  2001  to  5.48%  this  quarter.  Over the next few quarters,
management  anticipates  that the majority of those liabilities will continue to
reprice  at  lower  rates.

For  the  year  to date, net interest income (on a taxable-equivalent basis) was
$13.93  million, a 4.8% decline compared to the $14.62 million earned during the
same  period  last  year.  Total interest income (on a taxable-equivalent basis)
was  $32.82  million,  a  19.7%  increase, and total interest expense was $18.89
million,  a  47.7%  increase.


                                      -11-
<PAGE>
The  following  tables  illustrate  the  changes in interest income and interest
expense on a fully taxable equivalent basis resulting from changes in volume and
changes  in  rates  for  each  category  of  interest-earning  assets  and
interest-bearing  liabilities.  The  change in interest attributable to rate has
been  determined  by  applying  the  change  in  rate between periods to average
balances  outstanding in the later period.  The change in interest due to volume
has  been  determined by applying the rate from the earlier period to the change
in  average  balances  outstanding  between periods.  Thus, changes that are not
solely  due  to  volume  have  been  consistently  attributed  to  rate.

<TABLE>
<CAPTION>
  For  the  Quarter  Ended  June  30,                    2001  vs.  2000
-----------------------------------------------  -------------------------------
                                                  Increase     Changes  Due  To
                                                              ------------------
                                                 (Decrease)     Rate     Volume
-----------------------------------------------  -------------------------------
                                                      (Dollars In Thousands)
<S>                                              <C>          <C>       <C>
  Increase (decrease) in:
    Income from earning assets:
      Loans                                      $    1,616   $  (241)  $ 1,857
      Taxable securities                                426       (13)      439
      Nontaxable securities                             (14)       (2)      (12)
      Other short-term investments                      495      (244)      739
-----------------------------------------------  -----------  --------  --------
        Total interest income                         2,523      (500)    3,023
-----------------------------------------------  -----------  --------  --------
  Expense from interest-bearing liabilities:
      Demand deposits                                   135        40        95
      Savings deposits                                   10       (18)       28
      Time deposits                                   2,686       733     1,953
      FHLB advances                                       7       (31)       38
      Notes payable                                     122         -       122
      Other short-term borrowings                       (51)      (22)      (29)
-----------------------------------------------  -----------  --------  --------
        Total interest expense                        2,909       702     2,207
-----------------------------------------------  -----------  --------  --------
        Net interest income                      $     (386)  $(1,202)  $   816
===============================================  ===========  ========  ========

  For  the  Six  Months  Ended  June  30,                2001  vs.  2000
-----------------------------------------------  -------------------------------
                                                  Increase     Changes  Due  To
                                                              ------------------
                                                 (Decrease)     Rate     Volume
-----------------------------------------------  -------------------------------
                                                      (Dollars In Thousands)
  Increase (decrease) in:
    Income from earning assets:
      Loans                                      $    3,500   $  (136)  $ 3,636
      Taxable securities                                564        13       551
      Nontaxable securities                             (31)       (8)      (23)
      Other short-term investments                    1,370      (326)    1,696
-----------------------------------------------  -----------  --------  --------
        Total interest income                         5,403      (457)    5,860
-----------------------------------------------  -----------  --------  --------
    Expense from interest-bearing liabilities:
      Demand deposits                                   255       103       152
      Savings deposits                                   16       (37)       53
      Time deposits                                   5,512     1,716     3,796
      FHLB advances                                      99       (15)      114
      Notes payable                                     259         -       259
      Other short-term borrowings                       (42)      (10)      (32)
-----------------------------------------------  -----------  --------  --------
        Total interest expense                        6,099     1,757     4,342
-----------------------------------------------  -----------  --------  --------
        Net interest income                      $     (696)  $(2,214)  $ 1,518
===============================================  ===========  ========  ========
</TABLE>


                                      -12-
<PAGE>
The  following  tables summarize the average balance of interest-earning assets
and  interest-bearing  liabilities,  the amount of interest earned and paid, and
the  average  yields  and  rates.  Federally tax-exempt income is presented on a
taxable-equivalent basis assuming a 34% Federal tax rate.  Loan average balances
include  loans  on  nonaccrual  status.

<TABLE>
<CAPTION>
  For the Quarter Ended June 30,                         2001                            2000
-----------------------------------------  ---------  ----------  ---------  --------  --------  ----------
                                                       Interest    Average             Interest    Average
                                            Average     Income/     Yield/    Average   Income/     Yield/
                                            Balance     Expense       Rate    Balance   Expense       Rate
-----------------------------------------  ---------  ----------  ---------  --------  --------  ----------
<S>                                        <C>        <C>         <C>        <C>       <C>       <C>

                                                             (Dollars In Thousands)
  Interest-earning assets:
    Loans                                  $608,354   $  14,117       9.31%  $529,854  $ 12,501      9.49%
    Investment securities:
      Taxable                                98,669       1,465       5.96%    69,412     1,040      6.02%
      Nontaxable                              4,424          70       6.33%     5,143        84      6.57%
    Other short-term investments             68,924         781       4.54%    19,254       286      5.96%
                                           ---------------------             ------------------
      Total interest-earning assets         780,371      16,433       8.45%   623,663    13,911      8.97%
                                           ---------------------             ------------------
  Interest-bearing liabilities:
    Demand deposits                        $135,355   $     974       2.88%  $121,604  $    839      2.77%
    Savings deposits                         34,194         205       2.41%    29,933       195      2.62%
    Time deposits                           448,418       7,172       6.42%   312,686     4,487      5.77%
    FHLB advances                            55,337         875       6.34%    53,036       868      6.58%
    Notes payable                             7,667         122       6.39%         -         -
    Other short-term borrowings              12,222         130       4.27%    14,527       181      5.02%
                                           ---------------------             ------------------
      Total interest-bearing liabilities    693,193       9,478       5.48%   531,786     6,570      4.97%
                                           ---------------------             ------------------

  Interest rate spread                                                2.97%                          4.00%
                                                                  =========                      ==========
  Net interest income                                   $  6,955                       $  7,341
                                                      ==========                       ========
  Net interest margin                                                 3.57%                          4.73%
                                                                  =========                      ==========


  For the Six Months Ended June 30,                      2001                             2000
-----------------------------------------  ---------  ----------  ---------  --------  --------  ----------
                                                       Interest    Average             Interest    Average
                                            Average     Income/     Yield/    Average   Income/     Yield/
                                            Balance     Expense       Rate    Balance   Expense       Rate
-----------------------------------------  ---------  ----------  ---------  --------  --------  ----------
                                                             (Dollars In Thousands)
  Interest-earning assets:
    Loans                                  $594,462   $  27,942       9.48%  $517,305  $ 24,443      9.50%
    Investment securities:
      Taxable                                89,646       2,653       5.97%    70,886     2,089      5.93%
      Nontaxable                              4,554         146       6.47%     5,244       177      6.79%
    Other short-term investments             81,998       2,077       5.11%    24,075       707      5.91%
                                           ---------  ----------             --------  --------
      Total interest-earning assets         770,660      32,818       8.59%   617,510    27,416      8.93%
                                           ---------  ----------             --------  --------
  Interest-bearing liabilities:
    Demand deposits                        $132,238   $   1,912       2.92%  $121,100  $  1,657      2.75%
    Savings deposits                         33,610         409       2.46%    29,591       394      2.68%
    Time deposits                           442,589      14,217       6.48%   307,929     8,705      5.68%
    FHLB advances                            57,080       1,817       6.42%    53,510     1,718      6.46%
    Notes payable                             7,667         259       6.80%         -         -
    Other short-term borrowings              12,281         276       4.54%    13,642       319      4.70%
                                           ---------  ----------             --------  --------
      Total interest-bearing liabilities    685,465      18,890       5.56%   525,772    12,793      4.89%
                                           ---------  ----------             --------  --------

  Interest rate spread                                                3.03%                           4.04%
                                                                  =========                      ==========
  Net interest income                                   $ 13,928                      $  14,623
                                                      ==========                       ========
  Net interest margin                                                 3.64%                           4.76%
                                                                  =========                      ==========
</TABLE>


                                      -13-
<PAGE>
Provision  for  Loan  Losses
----------------------------
Management  continues  to monitor and adjust the level of the allowance for loan
losses  in  relation  to  net  charge-offs,  as well as the overall level of the
allowance  for  loan  losses to loans outstanding and management's assessment of
loan losses inherent in the loan portfolio.  Management adjusts the level of the
allowance  for  loan  losses  as  needed  through  the  provision.  Although the
provision  for  the  year to date is $148,000 less than last year, the provision
made  for  the year to date does cover 112.7% of the $515,000 in net charge-offs
for  the  year.

The  ratio  of the allowance for loan losses to total loans was 1.33% at quarter
end,  compared  to  1.41%  at  year  end.  The  amount  of  nonperforming  loans
outstanding  at  the  indicated  dates  is  presented  in the following table by
category.

<TABLE>
<CAPTION>
  As of Quarter End (in thousands)                   Jun-2001    Mar-2001    Dec-2000    Sep-2000    Jun-2000
--------------------------------------------------  ----------  ----------  ----------  ----------  ----------
<S>                                                 <C>         <C>         <C>         <C>         <C>
  Loans accounted for on a nonaccrual basis         $   2,014   $   2,624   $   2,430   $   1,971   $   2,397
  Accruing loans which are contractually past due
    90 days or more as to principal or interest
    payments                                            1,647         477         509       1,140         139
  Other impaired loans                                  4,433       4,433       4,433       4,433           -
--------------------------------------------------  ----------  ----------  ----------  ----------  ----------
      Total nonperforming loans                     $   8,094   $   7,534   $   7,372   $   7,544   $   2,536
==================================================  ==========  ==========  ==========  ==========  ==========

  Total nonperforming loans as a percentage of
      total loans                                        1.31%       1.28%       1.27%       1.35%       0.47%
==================================================  ==========  ==========  ==========  ==========  ==========
</TABLE>

Other  Income
-------------
During  the  second  quarter of 2001, total other income (excluding nonrecurring
gains  and losses) was $2.11 million, a 39.4% increase compared to $1.51 million
during  the  same  period  in  2000.

Service charges and fees on deposit accounts increased $491,000, or 50.0%.  This
increase  was  due  to an increase in the volume of transaction accounts and the
addition  of  an overdraft privilege product made available to deposit customers
in  March  2001.

Other  fee income increased $187,000, or 97.9%.  This increase was due primarily
to income generated from mortgage originations and brokerage services.  Mortgage
origination  fees  increase  $57,000,  or  51.4%,  due to an increased volume in
mortgage  originations and refinancings.  Brokerage income generated through PAB
Financial  increased  $90,000,  or  346.2%.  PAB  Financial  began operations in
December  1999  and  did not generate any fee income until the second quarter of
2000.

PAB's  equity  in  the  earnings  of  Empire  Financial  Services,  Inc.,  an
unconsolidated  subsidiary, decreased $74,000, or 39.8%, due primarily to slower
demand  for  new  commercial  real  estate  loans.

Other  income increased $328,000, or 211.6%.  During the quarter, PAB recognized
a  $162,000  nonrecurring  rebate  received  from a check printing service and a
$173,000  nonrecurring  accrual  adjustment.

Other  Expenses
---------------
During  the  second  quarter  of  2001, total other expense was $6.38 million, a
19.7%  increase compared to the same period in 2000.  This increase in costs is,
however,  well  in line with the Company's growth.  For example, as a percentage
of  average  assets, annualized total other expense during the quarter was 0.80%
compared  to  1.02%  during  the  same  period  in  2000.

Salaries  and  employee  benefits  increased  $758,000, or 26.5%.  Over the past
twelve  months, the number of full-time equivalent employees has increased 12.9%
to  316  at  quarter  end.  The ratio of assets per employee improved from $2.45
million  at  June  30,  2000  to  $2.68  million  at  June  30,  2001.

Occupancy  and  equipment  expense  combined  increased  $304,000,  or  45.2%.
Additional  depreciation  expense  on  new  premises  and  equipment  represents
$210,000 of the increase.  The remainder is the result of additional maintenance
costs,  taxes,  etc.  on  new  properties.


                                      -14-
<PAGE>
Other  operating  expense  decreased  $9,000,  or  0.5%.  There were no material
fluctuations  in  other  operating  expenses  from  quarter  to  quarter.

Income  Tax  Expense
--------------------
During  the  second  quarter,  income  tax  expense  was 31.7% of pretax income.
Income  tax  expense  was 34.0% of pretax income during the same period in 2000.
The  decrease  in  the  effective  tax  rate  is  primarily  the  result  of the
utilization  of  our  REIT  structure  to  maximize  state  tax  savings.

LIQUIDITY  AND  CAPITAL  RESOURCES

Liquidity  is  an important factor in the financial condition of PAB and affects
it's  ability to meet the borrowing needs and deposit withdrawal requirements of
its  customers.  Assets,  consisting  principally  of  loans  and  investment
securities,  are  funded  by  customer  deposits,  borrowed  funds, and retained
earnings.

The  investment  portfolio  is  one  of  PAB's  primary  sources  of  liquidity.
Maturities of securities provide a constant flow of funds that are available for
cash needs.  Contractual investment securities that mature within one year total
$23  million.  However,  mortgage-backed  securities  and  securities  with call
provisions create cash flows earlier than the contractual maturities.  Estimates
of  prepayments  on  mortgage-backed  securities  and call provisions on Federal
agency  and  state  and  municipals  increase  the forecasted cash flow from the
investment  portfolio.  Maturities  in  the loan portfolio also provide a steady
flow  of  funds.  In  addition,  PAB's  liquidity  continues to be enhanced by a
relatively  stable core deposit base and the availability of additional advances
from  the  FHLB,  Fed  Funds  lines  of credit with other regional banks, and an
operating line of credit with the Bankers Bank of Atlanta, Georgia.  At June 30,
2001,  PAB's  liquidity  ratio  was  21.7%  and  its dependency ratio was 16.4%.

PAB's  liquidity  from  investments  is  somewhat  limited  since the Banks have
pledged  certain  investments  to  secure  public  deposits,  certain  borrowing
arrangements,  and  for  other  purposes.  At June 30, 2001, approximately $40.6
million,  or  38%,  of  PAB's  investment portfolio was pledged as collateral to
others.

The  Consolidated  Financial  Statements  do not reflect various commitments and
contingent  liabilities  that  arise  in  the  normal course of business.  These
off-balance sheet financial instruments include commitments to extend credit and
standby  letters  of  credit.  Such  financial  instruments  are included in the
financial  statements  when  funds  are  distributed  or  the instruments become
payable.  At  June  30,  2001,  the  Banks had outstanding commitments to extend
credit  through  open  lines  of  credit  of  approximately  $68.7  million  and
outstanding  letters  of  credit  of  approximately  $1.6  million.

At June 30, 2001, PAB had an outstanding commitment to complete the construction
of  a  bank  branch  office  in  McDonough,  Georgia for approximately $500,000.
Management  plans  to  fund  this  commitment  with  cash  flows  provided  from
operations.  Cash  flows  from operations totaled nearly $4.3 million during the
six  months  ended  June  30,  2001.

Stockholders'  Equity
---------------------
PAB  maintains  a ratio of stockholders' equity to total assets that is adequate
relative  to  industry  standards.  PAB's ratio of stockholders' equity to total
assets  was  8.6% at June 30, 2001, compared to 8.9% at December 31, 2000.  Both
PAB  and  the  Banks  are  required  to  comply  with capital adequacy standards
established by the Federal Reserve and the FDIC.  The following table summarizes
PAB's  capital  ratios  at  June  30,  2001.

<TABLE>
<CAPTION>
                                                                         Minimum
                                                                      Regulatory
                                                     June 30, 2001   Requirement
---------------------------------------------------  --------------  ------------
<S>                                                  <C>             <C>

  Total Capital to Risk Weighted Assets                       12.0%          8.0%
  Tier 1 Capital to Risk Weighted Assets                      10.6%          4.0%
  Tier 1 Capital to Average Assets (Leverage Ratio)            7.8%          4.0%
---------------------------------------------------  --------------  ------------
</TABLE>


                                      -15-
<PAGE>
ITEM  3.  QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK

PAB  is exposed to U.S. dollar interest rate changes and accordingly, it manages
exposure  by  considering  the possible changes in the net interest margin.  PAB
does  not  have  any trading instruments nor does it classify any portion of the
investment  portfolio  as  held for trading.  PAB does not engage in any hedging
activities or enter into any derivative instruments with a higher degree of risk
than  mortgage-backed  securities,  which  are  commonly  held  pass  through
securities.  Finally,  PAB  has  no material direct exposure to foreign currency
exchange  rate  risk,  commodity  price  risk,  and  other  market  risks.

Interest  rates  play  a  major  part  in the net interest income of a financial
institution.  The  sensitivity to rate changes is known as "interest rate risk."
The  repricing  of  interest earning assets and interest-bearing liabilities can
influence  the changes in net interest income.  As part of PAB's asset/liability
management program, the timing of repriced assets and liabilities is referred to
as  Gap  management.  It is PAB's policy to maintain a Gap ratio in the one-year
time  horizon  of  .80  to  1.20.  The  table  below  has  two  measures of Gap,
regulatory  and  management  adjusted.  The  Regulatory  Gap  considers  only
contractual  maturities  or  repricings.  The  management adjusted Gap considers
such  things  as  prepayments  on certain interest rate sensitive assets and the
circumstances under which core deposits are repriced.  Although interest-bearing
transaction  accounts  are  available  to  reprice  in  the  three-month window,
historical  experiences  show  these deposits more stable over the course of one
year.  The  management adjusted Gap indicates PAB is somewhat asset sensitive in
relation  to  changes  in  market  interest  rates.  Being asset sensitive would
result  in  net  interest  income  increasing  in  a rising rate environment and
decreasing  in  a  declining  rate  environment.

PAB  uses  simulation  analysis to monitor changes in net interest income due to
changes in market interest rates.  The simulation of rising, declining, and flat
interest  rate  scenarios  allow  management to monitor and adjust interest rate
sensitivity to minimize the impact of market interest rate swings.  The analysis
of  the impact on net interest income over a twelve-month period is subjected to
a  gradual  100 basis point increase or decrease in market rates on net interest
income  and is monitored on a quarterly basis.  At June 30, 2001, the simulation
model projected net interest income would increase 0.86% if rates gradually rise
by  100  basis points over the next twelve months.  On the other hand, the model
projected  net  interest  income to decrease 0.85% if rates gradually decline by
100  basis  points  over  the  next year.  PAB's policy states that net interest
income  cannot  change  over 5% using this analysis and presently, PAB is within
policy  guidelines.

<TABLE>
<CAPTION>
     CUMULATIVE GAP ANALYSIS

     Regulatory Defined                 3-Month    6-Month     1-Year
     --------------------------------  ---------  ---------  ----------
<S>                                    <C>        <C>        <C>
                                            (Dollars in thousands)

     Rate Sensitive Assets (RSA)       $295,439   $341,289   $ 459,566
     Rate Sensitive Liabilities (RSL)   300,291    393,960     562,205
     --------------------------------  ---------  ---------  ----------
     RSA minus RSL (Gap)               $ (4,852)  $(52,671)  $(102,639)

     Gap Ratio (RSA/RSL)                   0.98       0.86        0.82

     Management Adjusted                3-Month    6-Month      1-Year
     --------------------------------  ---------  ---------  ----------
                                            (Dollars in thousands)

     Rate Sensitive Assets (RSA)       $295,439   $341,289   $ 459,566
     Rate Sensitive Liabilities (RSL)   161,484    290,016     527,986
     --------------------------------  ---------  ---------  ----------
     RSA minus RSL (Gap)               $133,955   $ 51,273   $ (68,420)

     Gap Ratio (RSA/RSL)                   1.83       1.18        0.87
</TABLE>


                                      -16-
<PAGE>
PART  II.  OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS

     None.

ITEM  2.  CHANGES  IN  SECURITIES  AND  USE  OF  PROCEEDS

     None.

ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES

     None.

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

     At  the  annual meeting of stockholders held on May 30, 2001, the following
     directors  were  elected  to  hold  office until the 2004 annual meeting of
     stockholders  and until their successors are dully elected and qualified or
     until  their  earlier  death, resignation, incapacity to serve, or removal:

          Name                     Votes For  Votes Against  Votes Abstained
          -----------------------  ---------  -------------  ---------------

          Bill J. Jones            6,944,126              0            6,751
          James B. Lanier, Jr.     6,944,125              0            6,752
          F. Ferrell Scruggs, Sr.  6,937,055              0           13,823
          D. Ramsay Simmons, Jr.   6,943,999              0            6,879
          John M. Simmons          6,944,000              0            6,878

          The  following  directors  will  continue  in  office:

     R.  Bradford Burnette, Walter W. Carroll, II, James L. Dewar, Jr., James L.
     Dewar,  Sr.,  Thompson  Kurrie, Jr., Kennith D. McLeod, Paul E. Parker, and
     Joe  P.  Singletary,  Jr.

ITEM  5.  OTHER  INFORMATION

     None.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

     (a)  Exhibits.

          None.

     (b)  Reports on Form 8-K.

          On  May 31, 2001, the Registrant filed a report on Form 8-K under Item
4  to  report a change in the Registrant's certifying accountant for fiscal year
2001.  The  report  was  amended  on  June  1,  2001.


                                      -17-
<PAGE>
SIGNATURES

Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  thereunto  duly  authorized.

     PAB  BANKSHARES,  INC.
     ----------------------
     Registrant

          Date:  August  14,  2001     By:  /s/  R.  Bradford  Burnette
                 -----------------          ---------------------------
                                            R.  Bradford  Burnette,
                                            Chairman and Chief Executive Officer

          Date:  August  14,  2001     By:   /s/  Michael  E.  Ricketson
                 -----------------           ---------------------------
                                             Michael  E.  Ricketson,
                                             President,  Chief  Operating  and
                                             Financial  Officer


                                      -18-
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