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     June  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 August 13, 2004:  913,834, $1 par value.

Transitional  Small  Business  Disclosure  Format    YES       NO   X
                                                        ----       ----


<PAGE>
                            SEASONS BANCSHARES, INC.
                                 AND SUBSIDIARY

                                      INDEX
                                      -----

                                                                            Page
                                                                            ----

Part  I.  Financial  Information
          ----------------------

Item  1.  Financial  Statements  (unaudited) . . . . . . . . . . . . . . . . 3-7

Item  2.  Management's  Discussion  and  Analysis. . . . . . . . . . . . . .8-13

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


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

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

Item  2.  Changes in Securities and Small Business Issuer
          Purchases of Equity Securities . . . . . . . . . . . . . . . . . . .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  and  Reports  on  Form  8-K. . . . . . . . . . . . . . . .14

Signatures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15


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

                            SEASONS BANCSHARES, INC.
                                 AND SUBSIDIARY

                          CONSOLIDATED BALANCE SHEETS
                      JUNE 30, 2004 AND DECEMBER 31, 2003
                                  (Unaudited)


                             ASSETS                       2004          2003
                             ------                   ------------  ------------
<S>                                                   <C>           <C>
Cash and due from banks                               $   672,294   $ 1,103,325
Federal funds sold                                              -     7,316,000
Securities available-for-sale, at fair value            6,779,752     7,744,671
                                                                              -
Loans                                                  33,648,927    19,569,837
Less allowance for loan losses                            424,920       271,000
                                                      ------------  ------------
          Loans, net                                   33,224,007    19,298,837
                                                      ------------  ------------
Premises and equipment                                  2,761,443     2,181,663
Other assets                                              328,406       177,945
                                                      ------------  ------------
          TOTAL ASSETS                                $43,765,902   $37,822,441
                                                      ============  ============


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

DEPOSITS
    Noninterest-bearing                               $ 2,792,575   $ 1,204,313
    Interest-bearing                                   34,063,682    29,301,392
                                                      ------------  ------------
          TOTAL DEPOSITS                               36,856,257    30,505,705

Fed funds purchased                                       117,000             -
Other liabilities                                         133,660       154,920
                                                      ------------  ------------
          TOTAL LIABILITIES                            37,106,917    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                                (2,184,202)   (1,798,759)
    Accumulated other comprehensive loss                 (124,205)       (6,817)
                                                      ------------  ------------
          TOTAL STOCKHOLDER'S EQUITY                    6,658,985     7,161,816
                                                      ------------  ------------
          TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY  $43,765,902   $37,822,441
                                                      ============  ============
<FN>


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 JUNE 30, 2004 AND 2003
                                     AND SIX MONTHS ENDED JUNE 30, 2004 AND 2003

                                                       (Unaudited)


                                                              THREE MONTHS      THREE MONTHS       SIX MONTHS        SIX MONTHS
                                                             ENDED JUNE 30,    ENDED JUNE 30,    ENDED JUNE 30,    ENDED JUNE 30,
                                                                  2004              2003              2004              2003
                                                            ----------------  ----------------  ----------------  ----------------
<S>                                                         <C>               <C>               <C>               <C>
INTEREST INCOME
    Loans                                                   $       541,699   $       163,257   $       960,044   $       197,595
    Taxable securities                                               43,370            17,026            87,388            17,509
    Federal funds sold                                                  799            29,395            12,143            73,353
                                                            ----------------  ----------------  ----------------  ----------------
              TOTAL INTEREST INCOME                                 585,868           209,678         1,059,575           288,457
                                                            ----------------  ----------------  ----------------  ----------------
INTEREST EXPENSE
    Deposits                                                        189,472           100,967           377,838           136,447
    Other borrowings                                                  1,213                 -             1,213               421
                                                            ----------------  ----------------  ----------------  ----------------
              TOTAL INTEREST EXPENSE                                190,685           100,967           379,051           136,868
                                                            ----------------  ----------------  ----------------  ----------------
              NET INTEREST INCOME                                   395,183           108,711           680,524           151,589
PROVISION FOR LOAN LOSSES                                            96,000            91,000           171,500           135,000
                                                            ----------------  ----------------  ----------------  ----------------
              NET INTEREST INCOME
                 AFTER PROVISION FOR LOAN LOSSES                    299,183            17,711           509,024            16,589
                                                            ----------------  ----------------  ----------------  ----------------
OTHER INCOME
    Service charges on deposit accounts                              17,292             3,956            27,633             5,536
    Other operating income                                            2,675             2,556             6,211             2,991
                                                            ----------------  ----------------  ----------------  ----------------
              TOTAL OTHER INCOME                                     19,967             6,512            33,844             8,527
                                                            ----------------  ----------------  ----------------  ----------------
OTHER EXPENSES
    Salaries and other employee benefits                            207,031           175,550           410,714           317,032
    Occupancy and equipment expenses                                106,441            35,203           210,200            73,466
    Professional fees                                                35,013            31,746            50,163            43,603
    Other operating expenses                                        126,443            92,168           257,234           232,659
                                                            ----------------  ----------------  ----------------  ----------------
              TOTAL OTHER EXPENSES                                  474,928           334,667           928,311           666,760
                                                            ----------------  ----------------  ----------------  ----------------
              LOSS  BEFORE INCOME TAXES                            (155,778)         (310,444)         (385,443)         (641,644)

INCOME TAX EXPENSE                                                        -                 -                 -                 -

              NET LOSS                                             (155,778)         (310,444)         (385,443)         (641,644)
                                                            ----------------  ----------------  ----------------  ----------------
OTHER COMPREHENSIVE INCOME
    Unrealized gains (losses) on securities available-for-
      sale arising during period                                   (152,276)           26,755          (117,388)           26,883
                                                            ----------------  ----------------  ----------------  ----------------
              COMPREHENSIVE LOSS                            $      (308,054)  $      (283,689)  $      (502,831)  $      (614,761)
                                                            ================  ================  ================  ================
BASIC AND DILUTED LOSSES PER  SHARE                         $         (0.17)  $         (0.34)  $         (0.42)  $         (0.70)
                                                            ================  ================  ================  ================
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
                    SIX MONTHS ENDED JUNE 30, 2004 AND 2003
                                  (Unaudited)


                                                                   2004            2003
                                                               -------------  -------------
<S>                                                            <C>            <C>
OPERATING ACTIVITIES
    Net loss                                                   $   (385,443)  $   (641,644)
    Adjustments to reconcile net loss to net cash
        used in operating activities:
        Depreciation                                                 69,125          4,446
        Provision for loan losses                                    96,000        135,000
        Increase in interest receivable                             (70,185)       (73,270)
        Increase in interest payable                                  1,575         50,559
        Net other operating activities                              (59,611)       (52,670)
                                                               -------------  -------------
              Net cash used in operating activities                (348,539)      (577,579)
                                                               -------------  -------------
INVESTING ACTIVITIES
    Purchases of securities available-for-sale                   (1,396,271)    (5,005,971)
    Proceeds from maturities of securities available-for-sale     2,243,802              -
    Net (increase) decrease in federal funds sold                 7,316,000     (7,120,000)
    Purchase of Federal Home Loan Bank Stock                        (43,500)             -
    Net increase in loans                                       (14,021,170)   (10,726,240)
    Purchase of premises and equipment                             (648,905)      (473,001)
                                                               -------------  -------------
              Net cash used in investing activities              (6,550,044)   (23,325,212)
                                                               -------------  -------------
FINANCING ACTIVITIES
    Net increase in deposits                                      6,350,552     16,886,401
    Net increase in federal funds purchased                         117,000              -
    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           6,467,552     25,261,066
                                                               -------------  -------------
Net increase (decrease) in cash and due from banks                 (431,031)     1,358,275

Cash and due from banks at beginning of period                    1,103,325            978
                                                               -------------  -------------
Cash and due from banks at end of period                       $    672,294   $  1,359,253
                                                               =============  =============

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
    Cash paid for:
          Interest                                             $    377,476   $     86,309
<FN>


SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
</TABLE>


                                        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 six month period ended
          June  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  June 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>
                                                SIX MONTHS ENDED JUNE 30,
                                              ------------------------------
                                                   2004            2003
                                              --------------  --------------
<S>                                           <C>             <C>

Net loss, as reported                         $    (385,443)  $    (641,644)

Deduct: Total stock-based compensation
   expense determined under fair value based
   method for all awards                           (296,022)              -
                                              --------------  --------------
Pro forma net loss                            $    (681,465)  $    (641,644)
                                              ==============  ==============
Losses per share:
Basic and diluted - as reported               $        (.42)  $       (0.70)
                                              ==============  ==============
Basic and diluted - pro forma                 $        (.75)  $       (0.70)
                                              ==============  ==============
</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 June 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 June 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  June 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
June  30,  2004  are  as  follows:

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

                                        Seasons       Seasons    Regulatory
                                   Bancshares, Inc.     Bank    Requirements
                                   -----------------  --------  -------------
<S>                                <C>                <C>       <C>
       Leverage capital ratio                 16.46%    14.83%          4.00%
       Risk-based capital ratios:
       Core capital                           19.28%    17.37%          4.00%
       Total capital                          20.49%    18.58%          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 June 30, 2004,
we  had  issued  unfunded  commitments  to  extend  credit of $4,771,000 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  June 30, 2004, we had
arrangements  with three commercial banks for short-term advances of $4,500,000.
In  addition,  we  have been approved for a line of credit with FHLB Atlanta for
advances  which  will  be  secured  by  residential  1-4 family first mortgages.

FINANCIAL CONDITION

Total  assets  at  June  30,  2004 were approximately $43,766,000 as compared to
$37,822,000  as of December 31, 2003. Deposit growth during the six months ended
June  30,  2004  of  $6,350,000  was invested primarily in loans. During the six
months  ended  June  30,  2004, our loans grew to $33,649,000. This increase was
primarily  funded  by  a  decrease  in  our  federal  funds  sold of $7,316,000,
purchasing  federal  funds  of  $117,000, and deposit growth of $6,350,000 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.


                                        8
<PAGE>
                    SEASONS BANCSHARES, INC. AND SUBSIDIARY

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


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  $503,000 during the six months ended June 30,
2004,  due  to the net loss for the six months of $385,000 and unrealized losses
in  our  securities  available-  for-  sale  category  of  $  118,000.

RESULTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 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 six month period ended June 30, 2004 was $156,000 and
$385,000  respectively,  compared  to  a  net  loss  of  $310,000  and  $642,000
respectively,  for  the  three  and  six month periods ended June 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  $286,000  and $529,000 for the second
quarter  and  first  six  months  of 2004, respectively, as compared to the same
period  in 2003. Our net interest margin was 3.73% for the six months ended June
30,  2004. Our yield on total earning assets was 5.80% and our cost of funds was
2.48%  for the six months ended June 30, 2004. Our net interest margin was 2.57%
for  the  six  month  ended June 30, 2003. Our yield on total earning assets was
3.62%  and  our  cost of funds was 2.91% for the six months ended June 30, 2003.
Our  net  interest  margin  has increased primarily due to reinvesting our lower
yielding federal funds sold into higher yielding loans during 2004.

The  provision  for  loan  losses was $171,500 and $135,000, respectively, as of
June  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
$425,000  in  the  allowance  for loan losses at June 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 June
30,  2004  and  2003  is  as  follows:

<TABLE>
<CAPTION>
                                                                          2004    2003
                                                                         -------  ----
<S>                                                                      <C>      <C>

Non-accrual loans                                                              0     0
Loans contractually past due ninety days or more as to interest
  or principal payments and still accruing                               140,000     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                                  0     0
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 OR PLAN OF OPERATION (CONTINUED)

<TABLE>
<CAPTION>
                                                                     2004     2003
                                                                   --------  -------
<S>                                                                <C>       <C>
Average amount of loans outstanding                                $26,750   $7,757
                                                                   --------  -------
Balance of allowance for loan losses at beginning of period        $   271   $    0

Loans charged off
  Commercial and financial                                              14        0
  Real estate mortgage                                                   0        0
  Installment                                                            4        0
                                                                   --------  -------
                                                                        18        0
                                                                   --------  -------

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

Net charge-offs                                                         18        0
                                                                   --------  -------
Additions to allowance charged to operating expense during period      172      135

Balance of allowance for loan losses at end of period              $   425   $  135
                                                                   ========  =======

Ratio of net loans charged off during the period to
  average loans outstanding                                            .07%      .0%
                                                                   ========  =======
</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 OR PLAN OF OPERATION (CONTINUED)

Other  income  increased by $13,000 and $25,000 for the second quarter and first
six  months  of 2004, respectively, as compared to the same period 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  $140,000  and $262,000, respectively, during the
three and six months ended June 30, 2004 compared to the same period in June 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 $94,000 for the six month period ended
June  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 14 at June 30, 2004 as compared
to  13  at  June  30, 2003. Occupancy and equipment and other operating expenses
increased  $137,000  during  the  six months ended June 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 $31,000 during the six months ended June 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 six months ended June 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 June 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. CHANGES IN SECURITIES AND SMALL BUSINESS ISSUER PURCHASES OF EQUITY
SECURITIES

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

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

The  annual meeting of the stockholders of the Company was held on May 19, 2004.
The  following  items  were  submitted  and  voted  on:

a.  The  following Class I directors were elected to serve terms for three years
(expiring  2007):

     John H. Ketner, Jr.
     James L. Burrell, Jr.
     Teresa L. Colditz

Set  forth  below is the number of votes cast for, against, or withheld, as well
as  the number of abstentions and broker non-votes, with respect to each nominee
for  office:

<TABLE>
<CAPTION>
                              FOR    AGAINST  WITHHELD  NOT VOTED
                            -------  -------  --------  ---------
<S>                         <C>      <C>      <C>       <C>

     John H. Ketner, Jr.    533,914        0     5,583    374,337
     ---------------------  -------  -------  --------  ---------
     James L. Burrell, Jr.  536,497        0     3,000    374,337
     ---------------------  -------  -------  --------  ---------
     Teresa L. Colditz      536,097        0     3,400    374,337
     ---------------------  -------  -------  --------  ---------
</TABLE>

The  terms  of our Class II Directors - Lon A. Dillard, David K. George, Jeffrey
H.  Hall and T. Kenneth Kilpatrick - will continue until the 2005 Annual Meeting
of  Shareholders  and  upon  the election and qualification of their successors.
The terms of our other Class III Directors - F. Darrell Mann, Timothy A. Nelson,
Robert M. Thomas, Jr. and John Mark Turner - will continue until the 2006 Annual
Meeting  of  Shareholders  and  upon  the  election  and  qualification of their
successors.

b.  The  appointment  of  Mauldin  &  Jenkins,  LLC

Set  forth  below is the number of votes cast for, against, or withheld, as well
as  the  number  of  abstentions  and  broker  non-votes,  with  respect for the
appointment  of  Mauldin & Jenkins, LLC as the External Auditor for the company.


          FOR      AGAINST  WITHHELD  NOT VOTED
          -------  -------  --------  ---------

          537,497        0     2,000    374,337
          -------  -------  --------  ---------

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)     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>
(b)     Reports  on  Form  8-K  -  None.


                                       14
<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:  August 13, 2004                       /s/ John H. Ketner, Jr.
       --------------------------          -------------------------------
                                           John H. Ketner, Jr.
                                           Chief Executive Officer
                                           (Principal Executive Officer)


Date:  August 13, 2004                      /s/  Nita Elliott
       --------------------------          -------------------------------
                                           Nita Elliott
                                           Chief Financial Officer
                                           (Principal Accounting Officer)


                                       15
<PAGE>