U. S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549

                                   FORM 10-QSB


[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

       For the quarterly period ended  SEPTEMBER 30, 2004
                                     ----------------------

[ ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR 15(d) OF THE SECURITIES
     EXCHANGE  ACT  OF  1934

       For the transition period from __________ to __________

                       COMMISSION FILE NUMBER:  333-84142

                            Seasons Bancshares, Inc.
       -------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

             Georgia                                      58-2633700
-----------------------------------         ------------------------------------
(State or other jurisdiction of                          (IRS Employer
incorporation or organization)                        Identification No.)


                  336 BLUE RIDGE STREET, BLAIRSVILLE, GA 30512
                  --------------------------------------------
                    (Address of principal executive offices)

                                 (706) 745-5588
                                 --------------
                           (Issuer's telephone number)

                                         N/A
          --------------------------------------------------------------------
               (Former name, former address and former fiscal year, if
                            changed since last report)


Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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  [ ]


State the number of shares outstanding of each of the issuer's classes of common
equity, as of November 12, 2004: 913,834, $1 par value.

Transitional Small Business Disclosure Format     Yes  [ ]  No  [X]


<PAGE>
<TABLE>
<CAPTION>
                            SEASONS BANCSHARES, INC.
                                 AND SUBSIDIARY

                                      INDEX
                                      -----

                                                                          Page
                                                                          ----
Part I.  Financial Information
         ---------------------
<S>      <C>                                                              <C>

Item 1.     Financial Statements (unaudited) . . . . . . . . . . . . . . . 3-6

Item 2.     Management's Discussion and Analysis . . . . . . . . . . . . .7-12

Item 3.     Controls and Procedures . . . . . . . . . . . . . . . . . . . . 13


Part II. Other Information
         -----------------

Item 1.     Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . . 14

Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds . . 14

Item 3.     Defaults Upon Senior Securities . . . . . . . . . . . . . . . . 14

Item 4.     Submission of Matters to a Vote of Security Holders . . . . . . 14

Item 5.     Other Information . . . . . . . . . . . . . . . . . . . . . . . 14

Item 6.     Exhibits . . . . . . . . . . . . . . . . . .  . . . . . . . . . 14

Signatures  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
</TABLE>


                                        2
<PAGE>
<TABLE>
<CAPTION>
                           PART I - FINANCIAL INFORMATION
ITEM I.                        FINANCIAL STATEMENTS

                           CONSOLIDATED BALANCE SHEETS
                    SEPTEMBER 30, 2004 AND DECEMBER 31, 2003
                                   (UNAUDITED)

                   ASSETS                                 2004          2003
                   ------                             ------------  ------------
<S>                                                   <C>           <C>
Cash and due from banks                               $   759,613   $ 1,103,325
Federal funds sold                                         10,000     7,316,000
Securities available-for-sale, at fair value            6,748,492     7,744,671
Restricted equity securities, at cost                      75,000             -

Loans                                                  39,868,607    19,569,837
Less allowance for loan losses                            504,053       271,000
                                                      ------------  ------------
        Loans, net                                     39,364,554    19,298,837
                                                      ------------  ------------

Premises and equipment                                  2,731,670     2,181,663
Other assets                                              359,319       177,945
                                                      ------------  ------------

        TOTAL ASSETS                                  $50,048,648   $37,822,441
                                                      ============  ============

          LIABILITIES AND STOCKHOLDER'S EQUITY
          ------------------------------------

DEPOSITS
    Noninterest-bearing                               $ 2,618,415   $ 1,204,313
    Interest-bearing                                   40,602,341    29,301,392
                                                      ------------  ------------
        TOTAL DEPOSITS                                 43,220,756    30,505,705

Other liabilities                                         173,492       154,920
                                                      ------------  ------------
        TOTAL LIABILITIES                              43,394,248    30,660,625
                                                      ------------  ------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDER'S EQUITY
    Preferred stock, no par value; 2,000,000 shares
      authorized; no shares issued and outstanding
    Common stock, $1 par value; 10,000,000 shares
      authorized; 913,834  issued and outstanding         913,834       913,834
    Capital surplus                                     8,053,558     8,053,558
    Accumulated deficit                                (2,288,170)   (1,798,759)
    Accumulated other comprehensive loss                  (24,822)       (6,817)
                                                      ------------  ------------
        TOTAL STOCKHOLDER'S EQUITY                      6,654,400     7,161,816

                                                      ------------  ------------
        TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY    $50,048,648   $37,822,441
                                                      ============  ============

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
</TABLE>


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                             SEASONS BANCSHARES, INC.
                                                 AND SUBSIDIARY

                             CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
                                    THREE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003
                                  AND NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003
                                                    (UNAUDITED)

                                                                                       NINE MONTHS      NINE MONTHS
                                                   THREE MONTHS      THREE MONTHS         ENDED            ENDED
                                                  ENDED SEPT 30,    ENDED SEPT 30,    SEPTEMBER 30,    SEPTEMBER 30,
                                                       2004              2003             2004             2003
                                                 ----------------  ----------------  ---------------  ---------------
<S>                                              <C>               <C>               <C>              <C>
INTEREST INCOME
  Loans                                          $       620,001   $       239,077   $    1,580,045   $      436,672
  Taxable securities                                      44,747            32,728          132,135           50,237
  Federal funds sold                                         880            17,808           13,023           91,161
                                                 ----------------  ----------------  ---------------  ---------------
      TOTAL INTEREST INCOME                              665,628           289,613        1,725,203          578,070
                                                 ----------------  ----------------  ---------------  ---------------

INTEREST EXPENSE
  Deposits                                               228,678           147,263          606,516          283,710
  Other borrowings                                         3,996                 -            5,209              421
                                                 ----------------  ----------------  ---------------  ---------------
      TOTAL INTEREST EXPENSE                             232,674           147,263          611,725          284,131
                                                 ----------------  ----------------  ---------------  ---------------

      NET INTEREST INCOME                                432,954           142,350        1,113,478          293,939
PROVISION FOR LOAN LOSSES                                 82,000           101,000          253,500          236,000
                                                 ----------------  ----------------  ---------------  ---------------
      NET INTEREST INCOME
        AFTER PROVISION FOR LOAN LOSSES                  350,954            41,350          859,978           57,939
                                                 ----------------  ----------------  ---------------  ---------------

OTHER INCOME
  Service charges on deposit accounts                     25,173             7,655           52,806           13,191
  Other operating income                                   4,911             1,087           11,122            4,077
                                                 ----------------  ----------------  ---------------  ---------------
      TOTAL OTHER INCOME                                  30,084             8,742           63,928           17,268
                                                 ----------------  ----------------  ---------------  ---------------

OTHER EXPENSES
  Salaries and other employee benefits                   232,537           146,719          643,251          463,752
  Occupancy and equipment expenses                       109,414            55,175          319,614          128,641
  Professional fees                                       22,491            32,493           72,654           76,096
  Other operating expenses                               120,564            74,952          377,798          307,609
                                                 ----------------  ----------------  ---------------  ---------------
      TOTAL OTHER EXPENSES                               485,006           309,339        1,413,317          976,098
                                                 ----------------  ----------------  ---------------  ---------------

      LOSS  BEFORE INCOME TAXES                         (103,968)         (259,247)        (489,411)        (900,891)

INCOME TAX EXPENSE                                             -                 -                -                -
                                                 ----------------  ----------------  ---------------  ---------------

      NET LOSS                                          (103,968)         (259,247)        (489,411)        (900,891)
                                                 ----------------  ----------------  ---------------  ---------------

OTHER COMPREHENSIVE INCOME (LOSS)
  Unrealized gains (losses) on securities
    available-for-sale arising during period              99,383           (34,887)         (18,005)          (8,004)
                                                 ----------------  ----------------  ---------------  ---------------

      COMPREHENSIVE LOSS                         $        (4,585)  $      (294,134)  $     (507,416)  $     (908,895)
                                                 ================  ================  ===============  ===============

BASIC AND DILUTED LOSSES PER  SHARE              $         (0.11)  $         (0.28)  $        (0.54)  $        (0.99)
                                                 ================  ================  ===============  ===============

CASH DIVIDENDS PER SHARE                         $             -   $             -   $            -   $            -
                                                 ================  ================  ===============  ===============

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
</TABLE>


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                  SEASONS BANCSHARES, INC.
                                       AND SUBSIDIARY

                           CONSOLIDATED STATEMENTS OF CASH FLOWS
                       NINE MONTHS ENDED SEPTEMBER 30, 2004 AND 2003
                                        (UNAUDITED)


                                                                   2004           2003
                                                               -------------  -------------
<S>                                                            <C>            <C>
OPERATING ACTIVITIES
  Net loss                                                     $   (489,411)  $   (900,891)
  Adjustments to reconcile net loss to net cash
    used in operating activities:
    Depreciation                                                    101,127          8,461
    Provision for loan losses                                       253,500        236,000
    Increase in interest receivable                                (117,323)       (89,484)
    Increase in interest payable                                     12,151         63,476
    Net other operating activities                                  (57,629)       (21,252)
                                                               -------------  -------------

        Net cash used in operating activities                      (297,585)      (703,690)
                                                               -------------  -------------

INVESTING ACTIVITIES
  Purchases of securities available-for-sale                     (1,396,271)    (7,339,770)
  Proceeds from maturities of securities available-for-sale       2,374,444              -
  Net increase (decrease)  in federal funds sold                  7,306,000    (10,924,000)
  Purchase of Federal Home Loan Bank Stock                          (75,000)             -
  Net increase in loans                                         (20,319,217)   (14,712,742)
  Purchase of premises and equipment                               (651,134)    (1,265,000)
                                                               -------------  -------------

        Net cash used in investing activities                   (12,761,178)   (34,241,512)
                                                               -------------  -------------

FINANCING ACTIVITIES
  Net increase in deposits                                       12,715,051     27,370,872
  Proceeds from sale of common stock                                      -      9,138,330
  Proceeds from line of credit                                            -          4,500
  Repayment of lines of credit                                            -       (699,359)
  Repayment of organizer advances                                         -        (50,000)
  Stock issue costs                                                       -        (18,806)
                                                               -------------  -------------

        Net cash provided by financing activities                12,715,051     35,745,537
                                                               -------------  -------------

Net increase (decrease) in cash and due from banks                 (343,712)       800,335

Cash and due from banks at beginning of period                    1,103,325            978
                                                               -------------  -------------

Cash and due from banks at end of period                       $    759,613   $    801,313
                                                               =============  =============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
  Cash paid for:
     Interest                                                  $    599,574   $    220,655
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


                                        5
<PAGE>
                            SEASONS BANCSHARES, INC.
                                 AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE  1.  NATURE  OF  BUSINESS  AND  BASIS  OF  PRESENTATION

          Seasons  Bancshares,  Inc. (the "Company") was incorporated on October
          1,  2001,  to operate as a bank holding company. The Company owns 100%
          of  the  issued  and  outstanding  capital  stock of Seasons Bank (the
          "Bank"),  a  bank  organized under the laws of the State of Georgia to
          conduct  a  general  banking  business  in  Blairsville, Union County,
          Georgia.  The  Bank  commenced  operations  on  January  27,  2003.

          On  April  15,  2004  the  corporate  name  changed  from  Generations
          Bancshares,  Inc.  to  Seasons  Bancshares,  Inc.

          The  financial information included herein is unaudited; however, such
          information  reflects  all  adjustments  (consisting  solely of normal
          recurring  adjustments),  which  are,  in  the  opinion of management,
          necessary  for  a  fair  statement of results for the interim periods.

          The  results  of  operations for the three and nine month period ended
          September  30,  2004, are not necessarily indicative of the results to
          be  expected  for  the  full  year.

NOTE  2.  CURRENT  ACCOUNTING  DEVELOPMENTS

          There  are  no  recent accounting pronouncements that have had, or are
          expected  to  have,  a  material  effect  on  the  Company's financial
          statements.

NOTE  3.  STOCK  COMPENSATION  PLANS

          At  September  30,  2004, the Company has two stock-based compensation
          plans.  The Company accounts for those plans under the recognition and
          measurement  principles  of  APB  Opinion No. 25, Accounting for Stock
          Issued  to  Employees,  and  related  Interpretations.  No stock-based
          compensation  cost  is  reflected  in  net  loss,  as  all options and
          warrants  granted under those plans had an exercise price equal to the
          market  value  of  the  underlying  stock  on  the  date of grant. The
          following  table  illustrates  the  effect  on net loss and losses per
          share if the Company had applied the fair value recognition provisions
          of SFAS Statement No. 123, Accounting for Stock-Based Compensation, to
          stock-based  compensation.

<TABLE>
<CAPTION>
                                                    NINE MONTHS ENDED SEPTEMBER 30,
                                                 -------------------------------------
                                                       2004                2003
                                                 -----------------  ------------------
<S>                                              <C>                <C>
Net loss, as reported                            $       (489,411)  $        (900,891)
Deduct: Total stock-based compensation
      expense determined under fair value based
      method for all awards                              (296,022)                  -
                                                 -----------------  ------------------
Pro forma net loss                               $       (785,443)  $        (900,891)
                                                 =================  ==================
Losses per share:
    Basic and diluted - as reported              $           (.54)  $            (.99)
                                                 =================  ==================
    Basic and diluted - pro forma                $           (.86)  $            (.99)
                                                 =================  ==================
</TABLE>

NOTE 4.   LOSSES PER SHARE

          Basic  losses  per  share  are  computed  by  dividing net loss by the
          weighted average number of shares of common stock outstanding. Diluted
          losses  per  share are computed by dividing net loss by the sum of the
          weighted  average  number  of  shares  of common stock outstanding and
          potential  common  shares.  Potential  common  shares consist of stock
          options and stock warrants. The effect of potential common shares does
          not  have  a  dilutive  effect  on  losses per share. Weighted average
          shares  outstanding  as of September 30, 2004 and 2003 was 913,834, or
          the  number  of  shares  issued  in the Company's initial public stock
          offering.


                                        6
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

PART I.  FINANCIAL  INFORMATION
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS

The following is our discussion and analysis of certain significant factors that
have  affected  our  financial  position  and operating results and those of our
subsidiary,  Seasons  Bank,  during  the  periods  included  in the accompanying
financial  statements.  This  commentary  should be read in conjunction with the
financial statements and the related notes and the other statistical information
included  in  this  report.

SPECIAL CAUTIONARY NOTICE REGARDING FORWARD LOOKING STATEMENTS

This  Report  contains  statements  which  constitute forward-looking statements
within  the  meaning  of  Section  27A  of  the  Securities  Act of 1933 and the
Securities Exchange Act of 1934.  These statements are based on many assumptions
and  estimates and are not guarantees of future performance.  Our actual results
may differ materially from those projected in any forward-looking statements, as
they  will  depend  on  many  factors  about which we are unsure, including many
factors  which  are  beyond  our  control.  The  words "may,"  "would," "could,"
"will,"  "expect," "anticipate," "believe," "intend," "plan," and "estimate," as
well  as  similar  expressions,  are  meant  to  identify  such  forward-looking
statements.  Potential  risks and uncertainties include, but are not limited to:

     -    significant  increases  in  competitive  pressure  in  the banking and
          financial  services  industries;

     -    changes  in  the  interest  rate  environment  which  could  reduce
          anticipated  or  actual  margins;

     -    changes  in  political  conditions  or  the  legislative or regulatory
          environment;

     -    general  economic  conditions,  either  nationally  or  regionally and
          especially  in  primary  service  area,  becoming  less favorable than
          expected  resulting  in, among other things, a deterioration in credit
          quality;

     -    changes  occurring  in  business  conditions  and  inflation;

     -    changes  in  technology;

     -    changes  in  monetary  and  tax  policies;

     -    the  level  of  allowance  for  loan  loss;

     -    the  rate  of  delinquencies  and  amounts  of  charge-offs;

     -    the  rates  of  loan  growth;

     -    adverse  changes  in  asset  quality and resulting credit risk-related
          losses  and  expenses;

     -    changes  in  the  securities  markets;  and

     -    other  risks  and  uncertainties  detailed  from  time  to time in our
          filings  with  the  Securities  and  Exchange  Commission.

CRITICAL ACCOUNTING POLICIES

We  have  adopted  various  accounting  policies which govern the application of
accounting principles generally accepted in the United States in the preparation
of  our financial statements.  Our significant accounting policies are described
in  the  footnotes  to the financial statements at December 31, 2003 as filed in
our  annual  report  on  Form  10-KSB.  Certain  accounting  policies  involve
significant  judgments and assumptions by us which have a material impact on the
carrying  value of certain assets and liabilities.  We consider these accounting
policies  to  be critical accounting policies.  The judgments and assumptions we
use are based on historical experience and other factors, which we believe to be
reasonable  under the circumstances.  Because of the nature of the judgments and
assumptions  we  make,  actual  results  could  differ  from these judgments and
estimates  which  could  have a material impact on our carrying values of assets
and  liabilities  and  our  results  of  operations.

We  believe  the  allowance for loan losses is a critical accounting policy that
requires the most significant judgments and estimates used in preparation of our
consolidated financial statements.  Refer to the portion of this discussion that
addresses  our  allowance for loan losses for a description of our processes and
methodology  for  determining  our  allowance  for  loan  losses.


                                        7
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

PART I.  FINANCIAL  INFORMATION
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS

LIQUIDITY  AND  CAPITAL  RESOURCES

Liquidity management involves the ability to match the cash flow requirements of
our  customers.  This  matching  is  accomplished by monitoring and managing the
balances  and  maturities  of  our loans and deposits so that our cash in vault,
cash  held in correspondent bank accounts, and federal funds sold are sufficient
to  meet  anticipated  demand  for  immediate  funds.

Both  we  and the regulatory authorities monitor the liquidity of our subsidiary
bank on a periodic basis.  We have limited historical data for seasonal or other
related demands on our liquidity due to our commencing operations on January 27,
2003.  However, we believe the liquidity of our bank as of September 30, 2004 is
adequate  to  support  the  cash  flow  requirements  of its customers.  We will
continue  to  monitor  and  make  adjustments  as  deemed  necessary.

Requirements  by banking regulators include the monitoring of risk-based capital
guidelines  for  banks  that  are  designed  to  make  capital requirements more
sensitive  to  differences  in  risk  profiles and account for off balance sheet
items. We substantially exceeded the regulatory minimums on capital requirements
and  ratios  as  of  September 30, 2004. However, as we continue to grow and the
loan  portfolio  increases,  these  ratios  have  and  will  continue  to adjust
downward.  We  monitor these amounts and ratios on a frequent basis. The minimum
capital  requirements and the actual capital ratios for the company and the bank
as  of  September  30,  2004  are  as  follows:

<TABLE>
<CAPTION>
                                                      Actual
                                                 -----------------

                                   Seasons            Seasons          Regulatory
                              Bancshares, Inc.         Bank           Requirements
                              -----------------  -----------------  -----------------
<S>                           <C>                <C>                <C>
  Leverage capital ratio                 14.13%             12.73%              4.00%
  Risk-based capital ratios:
  Core capital                           16.56%             14.91%              4.00%
  Total capital                          17.81%             16.16%              8.00%
</TABLE>


The  company  has  entered  into  a contract to purchase property in Blue Ridge,
Georgia in the amount of $300,000 for a potential full service branch office.

OFF-BALANCE SHEET ARRANGEMENTS

Through  the  operations of our company, we have made contractual commitments to
extend  credit  in  the  ordinary  course  of  our  business  activities.  These
commitments  are  legally  binding  agreements to lend money to our customers at
predetermined  interest  rates for a specified period of time.  At September 30,
2004,  we had issued unfunded commitments to extend credit of $4,432,000 through
various  types  of  lending  arrangements.  We  evaluate  each customer's credit
worthiness on a case-by-case basis. The amount of collateral obtained, if deemed
necessary  by  us upon extension of credit, is based on our credit evaluation of
the borrower.  Collateral varies but may include accounts receivable, inventory,
property, plant and equipment, commercial and residential real estate.

If  needed,  we  have  the  ability on a short-term basis to borrow and purchase
federal  funds from other financial institutions.  At September 30, 2004, we had
arrangements  with three commercial banks for short-term advances of $4,500,000.
In  addition,  we have a line of credit with FHLB Atlanta for advances which are
secured  by  residential  1-4  family  first  mortgages.

FINANCIAL  CONDITION

Total assets at September 30, 2004 were approximately $50,049,000 as compared to
$37,822,000  as  of  December  31,  2003.  Deposit growth during the nine months
ended September 30, 2004 of $12,715,000 was invested primarily in loans.  During
the  nine  months  ended September 30, 2004, our loans grew to $39,868,000. This
increase  was primarily funded by a decrease in federal funds sold of $7,306,000
and  deposit  growth  of  $12,715,000  which  included  CD's  obtained  through
Qwickrate, an internet service.   These deposits are readily obtainable at rates
not  significantly  different  from  rates  that we pay on deposits in our local
market.
We  expect  continued  growth  in assets and liabilities during the remainder of
2004.  We  will  monitor  growth  and  seek  to  maintain a proper mix of types,
maturities,  and  interest  rates.  We  believe  that  our  current  capital and
liquidity levels are adequate to support the current growth of the bank.

Our  total  equity  decreased by $507,000 during the nine months ended September
30,  2004,  due  to  the net loss for the nine months of $489,000 and unrealized
losses in our securities available- for- sale category of $ 18,000.


                                        8
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

PART I.  FINANCIAL  INFORMATION
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS


RESULTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2004 AND
2003

The  results  of  operations are determined by our ability to effectively manage
net interest income, control non-interest expenses, generate non-interest income
and  minimize  loan  losses.  In  order  for  us  to  become profitable, we must
increase  the  amount  of  earning assets so that net interest income along with
non-interest  income  will  be  sufficient  to  cover  normal operating expenses
incurred in a banking operation and the bank's provision for loan losses.

We  commenced  banking  operations  on  January 27, 2003. From April 16, 2001 to
January 26, 2003, we were in the organizational stage. During the organizational
stage, we focused on preparing the Bank to commence operations, hiring qualified
personnel,  preparing  our  business  plan,  obtaining  necessary  regulatory
approvals,  preparing  our  banking  facilities,  and raising our equity capital
through  an  initial  public  offering.

Net  loss  for  the  three  and  nine  month period ended September 30, 2004 was
$104,000  and  $489,000  respectively,  compared  to  a net loss of $259,000 and
$901,000  respectively, for the three and nine month periods ended September 30,
2003.  The  decrease in the net loss is primarily due to an increase in interest
earning  asset  increases,  primarily  loan  growth.

Our net interest income increased by $310,000 and $802,000 for the third quarter
and  first nine months of 2004, respectively, as compared to the same periods in
2003.  Our net interest margin was 3.81% for the nine months ended September 30,
2004.  Our  yield  on  total  earning assets was 5.90% and our cost of funds was
2.48% for the nine months ended September 30, 2004.  Our net interest margin was
2.14%  for  the nine month ended September 30, 2003.  Our yield on total earning
assets  was  4.22%  and  our  cost  of funds was 2.95% for the nine months ended
September  30,  2003.  Our  net  interest  margin has increased primarily due to
reinvesting our lower yielding federal funds sold into higher yielding loans and
investments  during  2004.

The  provision  for  loan  losses was $253,500 and $236,000, respectively, as of
September 30, 2004 and 2003.  The amounts provided are due to loan growth and to
our  assessment of the inherent risk in the portfolio.  Management believes that
the  $504,000  in  the  allowance  for  loan  losses  at  September 30, 2004, or
approximately  1.26% of total net outstanding loans, is adequate to absorb known
risks in the portfolio.  No assurance can be given, however, that increased loan
volume,  and  adverse economic conditions or other circumstances will not result
in  increased  losses  in  our  loan  portfolio.


                                        9
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

PART I.  FINANCIAL  INFORMATION
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS


Information  with  respect  to  non-accrual,  past due and restructured loans at
September  30,  2004  and  2003  is  as  follows:

<TABLE>
<CAPTION>
                                                                           2004     2003
                                                                         --------  -------
<S>                                                                      <C>       <C>
Non-accrual loans                                                        $137,000  380,000
Loans contractually past due ninety days or more as to interest
   or principal payments and still accruing                                     1        0
Restructured loans                                                              0        0
Loans, now current about which there are serious doubts as to the
   ability of the borrower to comply with loan repayment terms                  0        0
Interest income that would have been recorded on non-accrual
   and restructured loans under original terms                              5,000    9,000
Interest income that was recorded on non-accrual and restructured loans         0        0
</TABLE>

Potential  problem loans are defined as loans about which we have serious doubts
as  to  the  ability  of  the borrower to comply with the present loan repayment
terms and which may cause the loan to be placed on non-accrual status, to become
past  due  more  than  ninety  days,  or  to  be  restructured.

It  is  our  policy  to  discontinue the accrual of interest income when, in our
opinion, collection of interest becomes doubtful.  We will generally discontinue
the  accrual of interest income when (1) there is a significant deterioration in
the  financial  condition  of  the  borrower and full repayment of principal and
interest  is  not expected and (2) the principal or interest is more than ninety
days  past  due,  unless  the  loan  is  both well-secured and in the process of
collection.

Loans  classified  for  regulatory  purposes  as loss, doubtful, substandard, or
special  mention that have not been included in the table above do not represent
or  result  from  trends  or  uncertainties  which  we  reasonably  expect  will
materially  impact  future operating results, liquidity or capital resources. We
believe that these borrowers will comply with their loan repayment terms.


                                       10
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

PART 1.  FINANCIAL  INFORMATION
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED)


Information  regarding  certain  loans  and allowance for loan loss data through
September 30, 2004 and 2003 (Dollars in Thousands) is as follows:

<TABLE>
<CAPTION>
                                                                     2004      2003
                                                                   --------  --------
<S>                                                                <C>       <C>
Average amount of loans outstanding                                $30,090   $14,708
                                                                   ========  ========

Balance of allowance for loan losses at beginning of period        $    271  $     0
                                                                   --------  --------

Loans charged off
   Commercial and financial                                              15        0
   Real estate mortgage                                                   0        0
   Installment                                                            6        5
                                                                   --------  --------
                                                                         21        5
                                                                   --------  --------

Loans recovered
   Commercial and financial                                               0        0
   Real estate mortgage                                                   0        0
   Installment                                                            0        0
                                                                   --------  --------
                                                                          0        0
                                                                   --------  --------

Net charge-offs                                                          21        5
                                                                   --------  --------

Additions to allowance charged to operating expense during period       254      236

                                                                   --------  --------
Balance of allowance for loan losses at end of period              $    504  $   231
                                                                   ========  ========

Ratio of net loans charged off during the period to
   average loans outstanding                                            .07      .03%
                                                                   ========  ========
</TABLE>

In  making  our  risk  evaluation  and  establishing  an allowance level that we
believe  is  adequate  to  absorb  probable losses in the portfolio, we consider
various  sources of information.  Some of the more important sources include our
ongoing  review  of  the  loan  portfolio, which is undertaken both to ascertain
whether  there are probable losses, which must be charged off, and to assess the
risk  characteristics of the portfolio in the aggregate.  This review takes into
consideration  the  judgments  of  the  responsible  lending officers and senior
management,  and  also  those  of  bank regulatory agencies that review the loan
portfolio  as  part of the regular bank examination process.  Finally, we retain
internal  and external credit reviews to perform independent reviews of the risk
management  process,  adequacy  of  loan  documentation and the risk ratings and
appropriateness  of the level of Allowance for Loan Losses.  Loans identified as
having  increased  credit risk are classified in accordance with our loan policy
and  appropriate reserves are established for each loan classification category.
Due  to limited loan loss experience, reserves are established for the remaining
unclassified portion of the loan portfolio based on a predetermined factor.

In  evaluating the allowance, we consider the historical loan loss experience of
the  Company,  the  amount  of  past  due  and  nonperforming loans, current and
anticipated  economic  conditions,  lender  requirements  and  other appropriate
information.


                                       11
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

PART 1.  FINANCIAL  INFORMATION
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED)


Other  income  increased  by $21,000 and $47,000 for the third quarter and first
nine months of 2004, respectively, as compared to the same periods in 2003. This
increase  is  due  to  service  charge  income  on  deposit  accounts, and other
miscellaneous income.  The increase in service charge income is directly related
to  the  growth  of  our  deposits  accounts.

Other  expenses  increased  by  $176,000  and $437,000, respectively, during the
three  and  nine months ended September 30, 2004 compared to the same periods in
September  30,  2003 due primarily to increased salaries and increased occupancy
expense  associated with our new banking facility and other items related to the
growth  of  the  bank.

Salaries  and  employee  benefits  increased  $180,000 for the nine month period
ended  September  30,  2004 compared to the same period in 2003, due to staffing
requirements  needed  to  manage  the  Company's  growth and to other salary and
benefit  increases.  The  number  of  full  time  equivalent employees was 17 at
September  30,  2004  as  compared  to  14  at September 30, 2003. Occupancy and
equipment and other operating expenses increased $191,000 during the nine months
ended  September  30, 2004 compared to the same period during 2003 due primarily
to  the  opening of our permanent main office banking facility during the fourth
quarter  of  2003.  Other  operating  expenses increased $70,000 during the nine
months  ended  September  30,  2004  compared to the same period during 2003 due
primarily  to  an  increase  in data processing, professional fees, and expenses
related  to  our  overall  growth.

We  will  be  subject  to  federal and state income taxes when taxable income is
generated.  No  income  taxes  have  been  accrued  for  the  nine  months ended
September 30, 2004 and 2003 because of operating losses incurred to date.

We  know of no trends, demands, commitments, events or uncertainties that should
result  in,  or  are  reasonably  likely  to result in, our liquidity or capital
resources  increasing  or  decreasing  in  any  material  way in the foreseeable
future,  other than as a result of our normal operations.  We also are not aware
of  any  current  recommendations  by  the  regulatory  authorities,  which,  if
implemented,  would  have  such  an  effect.

ITEM 3.   CONTROLS AND PROCEDURES

At  the  end  of  the  period covered by this report, the Company carried out an
evaluation,  under  the  supervision and with the participation of the Company's
management,  including the Company's Chief Executive Officer and Chief Financial
Officer,  of  the  effectiveness  of  the  design and operation of the Company's
disclosure  controls  and procedures pursuant to Exchange Act Rule 13a-14. Based
upon  that evaluation, the Company's Chief Executive Officer and Chief Financial
Officer  concluded  that  the  Company's  disclosure controls and procedures are
effective  in  timely  alerting  them  to  material  information relating to the
Company  (including  its  consolidated  subsidiaries)  that  is  required  to be
included  in  the  Company's  periodic  filings with the Securities and Exchange
Commission.  There  have  been  no significant changes in the Company's internal
controls  over  financial  reporting during the quarter ended September 30, 2004
that  have  materially  affected, or are reasonably likely to materially affect,
the  Company's  internal  control  over  financial  reporting.


                                       12
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

None

ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEEDS

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

Exhibits

     31.1 Certification  of  the  Chief  Executive  Officer  pursuant  to  Rule
          15d-14(a)  of  the  Exchange  Act
     31.2 Certificate  of the Chief Financial officer pursuant to Rule 15d-14(a)
          of  the  Exchange  Act
     32   Certification  of  Chief Executive Officer and Chief Financial Officer
          pursuant  to 18 U.S.C. Section 350, as adopted pursuant to Section 906
          of  the  Sarbanes-Oxley  Act  of  2002


                                       13
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

                                    SIGNATURE

     In accordance with the requirements of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                          SEASONS BANCSHARES, INC.
                                          (Registrant)
                                          ------------



Date:     November  15,  2004               /s/  John H. Ketner, Jr.
       -------------------------          --------------------------------
                                          John  H.  Ketner,  Jr.
                                          Chief  Executive  Officer
                                          (Principal Executive Officer)


Date:     November  15,  2004              /s/  Nita  Elliott
       -------------------------         ---------------------------------
                                         Nita  Elliott
                                         Chief  Financial  Officer
                                         (Principal Accounting Officer)


                                       14
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