----

----

**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 |
|---|-----------------------------------------------------------------------------------------------------------------|

**March      31, 2006**

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

**Commission      File Number:  000-50713**

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

| Georgia                                                                       |   | 58-2633700                                       |
|-------------------------------------------------------------------------------|--------|--------------------------------------------------|
| (State                or other jurisdiction of incorporation or organization) |   | (IRS                Employer 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) |

**  **
**    **
**  **

**  **
**    **
**  **

**  **
**    **
**  **

----

----

----

**SEASONS      BANCSHARES, INC.**

**AND      SUBSIDIARY**

|                                                                       |                                                                                      | Page   |
|----------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|--------|
| ________                                                                   |                                                                                      |   |
| Part                I.**  **Financial                Information |                                                                                      |
|                                                                       |                                                                                      |   |
| Item                1.                                                     | Financial                Statements (unaudited)                                           | 3-7    |
|                                                                       |                                                                                      |   |
| Item                2.                                                     | Management’s                Discussion and Analysis                                 | 8-15   |
|                                                                       |                                                                                      |   |
| Item                3.                                                     | Controls                and Procedures                                                    | 15     |
|                                                                       |                                                                                      |   |
|                                                                       |                                                                                      |   |
| Part                II.**  **Other                Information    |                                                                                      |
|                                                                       |                                                                                      |   |
| Item                1.                                                     | Legal                Proceedings                                                          | 16     |
|                                                                       |                                                                                      |   |
| Item                2.                                                     | Unregistered                Sales of Equity Securities and Use of                Proceeds | 16     |
|                                                                       |                                                                                      |   |
| Item                3.                                                     | Defaults                Upon Senior Securities                                            | 16     |
|                                                                       |                                                                                      |   |
| Item                4.                                                     | Submission                of Matters to a Vote of Security                Holders         | 16     |
|                                                                       |                                                                                      |   |
| Item                5.                                                     | Other                Information                                                          | 16     |
|                                                                       |                                                                                      |   |
| Item                6.                                                     | Exhibits                                                                                  | 16     |
|                                                                       |                                                                                      |   |
| Signatures                                                                 | 17                                                                                        |

----

*Index*

**PART        I  -  FINANCIAL INFORMATION**

| **ITEMI.** | **FINANCIAL                  STATEMENTS** |
|------------|-------------------------------------------|

**SEASONS        BANCSHARES, INC.**

**AND        SUBSIDIARY**

**CONSOLIDATED        BALANCE SHEETS**

**MARCH        31, 2006 AND DECEMBER 31, 2005**

**(Unaudited)**

| **Assets**                                                                                                                                                            |   | **2006** |       | **2005** |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|------------|----------|--------|
|                                                                                                                                                                  |   |     |       |     |   |
| Cash                    and due from banks                                                                                                                            |   | $        | 1,350,587  |     | $      | 1,185,008 |   |
| Interest-bearing                    deposits in banks                                                                                                                 |   |     | 40,599     |     |   | 80,139 |   |
| Federal                    funds sold                                                                                                                                 |   |     | 127,000    |     |   | 464,000 |   |
| Securities                    available-for-sale, at fair value                                                                                                       |   |     | 6,608,436  |     |   | 6,176,439 |   |
| Restricted                    equity securities, at cost                                                                                                              |   |     | 353,900    |     |   | 334,200 |   |
| Loans,                    net of unearned loan fees                                                                                                                   |   |     | 69,942,123 |     |   | 64,493,962 |   |
| Less                    allowance for loan losses                                                                                                                     |   |     | 969,743    |     |   | 900,123 |   |
| Loans,                    net                                                                                                                                         |   |     | 68,972,380 |     |   | 63,593,839 |   |
|                                                                                                                                                                  |   |     |       |     |   |   |   |
| Premises                    and equipment                                                                                                                             |   |     | 3,315,241  |     |   | 3,313,720 |   |
| Other                    assets                                                                                                                                       |   |     | 595,558    |     |   | 610,529 |   |
|                                                                                                                                                                  |   |     |       |     |   |   |   |
| **Total                    assets**                                                                                                                                   |   | $        | 81,363,701 |     | $      | 75,757,874 |   |
|                                                                                                                                                                  |   |     |       |     |   |   |   |
|                                                                                                                                                                  |   |     |       |     |   |   |   |
| **Liabilities                    and Stockholder's Equity**                                                                                                           |   |     |       |     |   |   |   |
|                                                                                                                                                                  |   |     |       |     |   |   |   |
| **Deposits**                                                                                                                                                          |   |     |       |     |   |   |   |
| Noninterest-bearing                                                                                                                                                   |   | $        | 6,652,470  |     | $      | 5,898,811 |   |
| Interest-bearing                                                                                                                                                      |   |     | 62,626,770 |     |   | 57,992,799 |   |
| **Total                    deposits**                                                                                                                                 |   |     | 69,279,240 |     |   | 63,891,610 |   |
| Other                    borrowings                                                                                                                                   |   |     | 3,900,000  |     |   | 4,400,000 |   |
| Other                    liabilities                                                                                                                                  |   |     | 330,423    |     |   | 325,653 |   |
| **Total                    liabilities**                                                                                                                              |   |     | 73,509,663 |     |   | 68,617,263 |   |
|                                                                                                                                                                  |   |     |       |     |   |   |   |
| **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 sharesauthorized; 1,032,890 and                    973,471                    shares issued and outstanding |   |     | 1,032,890  |     |   | 973,471 |   |
| Capital                    surplus                                                                                                                                    |   |     | 9,322,610  |     |   | 8,709,565 |   |
| Accumulated                    deficit                                                                                                                                |   |     | (2,420,434 | )        |   | (2,458,324 | ) |
| Accumulated                    other comprehensive loss                                                                                                               |   |     | (81,028    | )        |   | (84,101 | ) |
| **Total                    stockholder's equity**                                                                                                                     |   |     | 7,854,038  |     |   | 7,140,611 |   |
|                                                                                                                                                                  |   |     |       |     |   |   |   |
| **Total                    liabilities and stockholder's equity**                                                                                                     |   | $        | 81,363,701 |     | $      | 75,757,874 |   |

**See        Notes to Consolidated Financial Statements.**

----

*Index*

**SEASONS        BANCSHARES, INC.**

**AND        SUBSIDIARY**

**CONSOLIDATED        STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS**

**THREE        MONTHS ENDED MARCH 31, 2006 AND 2005**

**(Unaudited)**

|                                                                                                               |   | **2006** |      | **2005** |   |
|--------------------------------------------------------------------------------------------------------------------|--------|----------|-----------|----------|--------|
| **Interest                  income**                                                                               |   |     |      |     |   |
| Loans                                                                                                              |   | $        | 1,414,127 |     | $      | 773,751 |   |
| Taxable                  securities                                                                                |   |     | 57,311    |     |   | 43,755 |   |
| Federal                  funds sold                                                                                |   |     | 7,257     |     |   | 1,952 |   |
| Interest                  on deposits in other banks                                                               |   |     | 2,261     |     |   | 942 |   |
| **Total                  interest income**                                                                         |   |     | 1,480,956 |     |   | 820,400 |   |
|                                                                                                               |   |     |      |     |   |   |   |
| **Interest                  expense**                                                                              |   |     |      |     |   |   |   |
| Deposits                                                                                                           |   |     | 593,024   |     |   | 287,028 |   |
| Other                  borrowings                                                                                  |   |     | 33,134    |     |   | 2,952 |   |
| **Total                  interest expense**                                                                        |   |     | 626,158   |     |   | 289,980 |   |
|                                                                                                               |   |     |      |     |   |   |   |
| **Net                  interest income**                                                                           |   |     | 854,798   |     |   | 530,420 |   |
| **Provision                  for loan losses**                                                                     |   |     | 110,000   |     |   | 71,000 |   |
| **Net                  interest income after provision for loan losses**                                           |   |     | 744,798   |     |   | 459,420 |   |
|                                                                                                               |   |     |      |     |   |   |   |
| **Other                  income**                                                                                  |   |     |      |     |   |   |   |
| Service                  charges, fees and other income                                                            |   |     | 48,647    |     |   | 32,889 |   |
| **Total                  other income**                                                                            |   |     | 48,647    |     |   | 32,889 |   |
|                                                                                                               |   |     |      |     |   |   |   |
| **Other                  expenses**                                                                                |   |     |      |     |   |   |   |
| Salaries                  and employee benefits                                                                    |   |     | 387,954   |     |   | 282,418 |   |
| Occupancy                  and equipment expenses                                                                  |   |     | 132,063   |     |   | 119,098 |   |
| Other                  operating expenses                                                                          |   |     | 235,538   |     |   | 180,547 |   |
| **Total                  other expenses**                                                                          |   |     | 755,555   |     |   | 582,063 |   |
|                                                                                                               |   |     |      |     |   |   |   |
| **Net                  income (loss) before income taxes**                                                         |   |     | 37,890    |     |   | (89,754 | ) |
|                                                                                                               |   |     |      |     |   |   |   |
| **Income                  taxes**                                                                                  |   |     | -         |     |   | - |   |
|                                                                                                               |   |     |      |     |   |   |   |
| **Net                  income (loss)**                                                                             |   |     | 37,890    |     |   | (89,754 | ) |
|                                                                                                               |   |     |      |     |   |   |   |
| **Other                  comprehensive income (loss):**                                                            |   |     |      |     |   |   |   |
| Unrealized                  gains (losses) on securities available-for-sale arising during                  period |   |     | 3,073     |     |   | (49,259 | ) |
|                                                                                                               |   |     |      |     |   |   |   |
|                                                                                                               |   |     |      |     |   |   |   |
| **Comprehensive                  income (loss)**                                                                   |   | $        | 40,963    |     | $      | (139,013 | ) |
|                                                                                                               |   |     |      |     |   |   |   |
|                                                                                                               |   |     |      |     |   |   |   |
| **Basic                  and diluted earnings (losses) per share**                                                 |   | $        | 0.04      |     | $      | (0.10 | ) |
|                                                                                                               |   |     |      |     |   |   |   |
| **Cash                  dividends per share**                                                                      |   | $        | -         |     | $      | - |   |

**See        Notes to Consolidated Financial Statements.**

----

*Index*

**SEASONS        BANCSHARES, INC.**

**AND        SUBSIDIARY**

**CONSOLIDATED        STATEMENTS OF CASH FLOWS**

**THREE        MONTHS ENDED MARCH 31, 2006 AND 2005**

**(Unaudited)**

|                                                                                                                   |   | **2006** |       | **2005** |   |
|------------------------------------------------------------------------------------------------------------------------|--------|----------|------------|----------|--------|
| **OPERATING                  ACTIVITIES**                                                                              |   |     |       |     |   |
| Net                  income (loss)                                                                                     |   | $        | 37,890     |     | $      | (89,754 | ) |
| Adjustments                  to reconcile net income (loss) to net cash used in operating                  activities: |   |     |       |     |   |   |   |
| Depreciation                  and amortization                                                                         |   |     | 54,096     |     |   | 44,480 |   |
| Provision                  for loan losses                                                                             |   |     | 110,000    |     |   | 71,000 |   |
| Increase                  in interest receivable                                                                       |   |     | (40,697    | )        |   | (38,747 | ) |
| Increase                  in interest payable                                                                          |   |     | 5,158      |     |   | 645 |   |
| Stock                  compensation expense                                                                            |   |     | 36,971     |     |   | - |   |
| Other                  operating activities                                                                            |   |     | 55,281     |     |   | (63,109 | ) |
|                                                                                                                   |   |     |       |     |   |   |   |
| Net                  cash provided by (used in) operating activities                                                   |   |     | 258,699    |     |   | (75,485 | ) |
|                                                                                                                   |   |     |       |     |   |   |   |
| **INVESTING                  ACTIVITIES**                                                                              |   |     |       |     |   |   |   |
| Net                  decrease in federal funds sold                                                                    |   |     | 337,000    |     |   | 840,000 |   |
| Net                  (increase) decrease in interest-bearing deposits in banks                                         |   |     | 39,540     |     |   | (31,011 | ) |
| Purchases                  of securities available-for-sale                                                            |   |     | (2,000,000 | )        |   | - |   |
| Proceeds                  from maturities of securities available-for-sale                                             |   |     | 1,571,075  |     |   | 92,263 |   |
| Net                  increase in loans                                                                                 |   |     | (5,488,541 | )        |   | (5,395,537 | ) |
| Net                  increase in restricted equity securities                                                          |   |     | (19,700    | )        |   | (267,500 | ) |
| Purchase                  of premises, equipment and computer software                                                 |   |     | (55,617    | )        |   | (221,427 | ) |
|                                                                                                                   |   |     |       |     |   |   |   |
| Net                  cash used in investing activities                                                                 |   |     | (5,616,243 | )        |   | (4,983,212 | ) |
|                                                                                                                   |   |     |       |     |   |   |   |
| **FINANCING                  ACTIVITIES**                                                                              |   |     |       |     |   |   |   |
| Net                  increase in deposits                                                                              |   |     | 5,387,630  |     |   | (1,098,808 | ) |
| Net                  proceeds from other borrowings                                                                    |   |     | (500,000   | )        |   | 5,200,000 |   |
| Net                  proceeds from sale of stock                                                                       |   |     | 635,493    |     |   | - |   |
|                                                                                                                   |   |     |       |     |   |   |   |
| Net                  cash provided by financing activities                                                             |   |     | 5,523,123  |     |   | 4,101,192 |   |
|                                                                                                                   |   |     |       |     |   |   |   |
| Net                  increase (decrease) in cash and due from banks                                                    |   |     | 165,579    |     |   | (957,505 | ) |
|                                                                                                                   |   |     |       |     |   |   |   |
| Cash                  and due from banks, beginning of period                                                          |   |     | 1,185,008  |     |   | 1,656,205 |   |
|                                                                                                                   |   |     |       |     |   |   |   |
| Cash                  and due from banks, end of period                                                                |   | $        | 1,350,587  |     | $      | 698,700 |   |
|                                                                                                                   |   |     |       |     |   |   |   |
| **SUPPLEMENTAL                  DISCLOSURES**                                                                          |   |     |       |     |   |   |   |
| Cash                  paid during period for:                                                                          |   |     |       |     |   |   |   |
| Interest                                                                                                               |   | $        | 621,000    |     | $      | 289,335 |   |
|                                                                                                                   |   |     |       |     |   |   |   |
| Income                  taxes                                                                                          |   | $        | -          |     | $      | - |   |

**See          Notes to Consolidated Financial Statements.**

----

*Index*

**SEASONS      BANCSHARES, INC.**

**AND      SUBSIDIARY**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

| **NOTE                1.** | **NATURE                OF BUSINESS AND BASIS OF                PRESENTATION** |
|----------------------------|--------------------------------------------------------------------------------|

| **NOTE                2.** | **STOCK                COMPENSATION PLANS** |
|----------------------------|---------------------------------------------|

*Accounting      for Stock Issued to Employees*
*Accounting      for Stock-Based Compensation*
*Share-Based      Payment*

----

*Index*

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

|                                                                                                                                                                       |   | Three                MonthsEndedMarch                31, |     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|----------|
|                                                                                                                                                                       |   | 2005                                                     |     |
|                                                                                                                                                                       |   | _____________                                            |     |
| Net                loss, as reported                                                                                                                                       |   | $                                                        | (89,754  | ) |
|                                                                                                                                                                       |   |                                                     |     |   |
| Add:          Stock-based                employee compensation expense included in reported net                loss      |   |                                                     | -        |   |
|                                                                                                                                                                       |   |                                                     |     |   |
| Deduct:     Total                stock-based employee compensation expense determined under fair value                based method for all awards |   |                                                     | (75,414  | ) |
|                                                                                                                                                                       |   |                                                     |     |   |
| Pro                forma net loss                                                                                                                                          |   | $                                                        | (165,168 | ) |
|                                                                                                                                                                       |   |                                                     |     |   |
| Losses                per share:                                                                                                                                           |   |                                                     |     |   |
| Basic                - as reported                                                                                                                                         |   | $                                                        | (0.10    | ) |
| Basic                - pro forma                                                                                                                                           |   | $                                                        | (0.18    | ) |
| Diluted                - as reported                                                                                                                                       |   | $                                                        | (0.10    | ) |
| Diluted                - pro forma                                                                                                                                         |   | $                                                        | (0.18    | ) |

|                                             |   | Three                Months Ended March 31, 2006 |    |
|--------------------------------------------------|--------|--------------------------------------------------|---------|
|                                             |   | Number                                           |    | Weighted-                AverageExercisePrice |   | Weighted-averageRemainingContractualLife |   |
| Under                option, beginning of period |   |                                             | 294,002 |   | $ | 10.17 |   |   |   |   |
| Granted                                          |   |                                             | -       |   |   | - |   |   |   |   |
| Exercised                                        |   |                                             | -       |   |   | - |   |   |   |   |
| Forfeited                                        |   |                                             | -       |   |   | - |   |   |   |   |
| Under                option, end of period       |   |                                             | 294,002 |   | $ | 10.17 |   |   | 7.17                years |   |
| Exercisable                at end of period      |   |                                             | 258,335 |   | $ | 10.00 |   |   | 6.88                years |   |

----

*Index*

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

|                                          |   | Three                Months EndedMarch                31, 2006 |    |
|-----------------------------------------------|--------|----------------------------------------------------------------|---------|
|                                          |   | Number                                                         |    | Weighted-averageGrant-DateFair                Value |   |
| Nonvested,                beginning of period |   |                                                           | 120,005 |   | $ | 3.70 |   |
| Granted                                       |   |                                                           | -       |   |   | - |   |
| Vested                                        |   |                                                           | 84,338  |   |   | 3.61 |   |
| Forfeited                                     |   |                                                           | -       |   |   | - |   |
| Nonvested,                end of period       |   |                                                           | 35,667  |   | $ | 3.91 |   |

|                                   |   | Options                and WarrantsOutstanding |    | Options                and Warrants Exercisable         |   |
|----------------------------------------|--------|------------------------------------------------|---------|---------------------------------------------------------|--------|
| Range                of ExercisePrices |   | Number                                         |    | Weighted-averageContractualLife                in Years |   | Weighted-AverageExercisePrice |   | Number |   | Weighted-AverageExercisePrice |   |
|                                   |   |                                           |    |                                                    |   |    |   |   |   |    |   |
| $10.00                - $12.00         |   |                                           | 294,002 |                                                    |   | 7.17                years |   | $ | 10.17 |   |   | 258,335 |   | $ | 10.00 |   |

| **NOTE                3.** | **EARNINGS                (LOSSES) PER SHARE** |
|----------------------------|------------------------------------------------|

----

*Index*

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

|                                                                                                                                                                                 |   | **Three                Months Ended****March                31,** |          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|---------------|
|                                                                                                                                                                                 |   | **2006**                                                          |          |  2005 |   |
| Basic                Earnings (Losses) Per Share:                                                                                                                                    |   |                                                              |          |    |   |
| Weighted                average common shares outstanding                                                                                                                            |   |                                                              | **1,022,519** |   |   | 913,834 |   |
|                                                                                                                                                                                 |   |                                                              |          |   |   |   |   |
| Net                income (loss)                                                                                                                                                     |   | **$**                                                             | **37,890**    |   | $ | (89,754 | ) |
|                                                                                                                                                                                 |   |                                                              |          |   |   |   |   |
| Basic                earnings (losses) per share                                                                                                                                     |   | **$**                                                             | **.04**       |   | $ | (.10 | ) |
|                                                                                                                                                                                 |   |                                                              |          |   |   |   |   |
| Diluted                Earnings (Losses) Per Share:                                                                                                                                  |   |                                                              |          |   |   |   |   |
| Weighted                average common shares outstanding                                                                                                                            |   |                                                              | **1,022,519** |   |   | 913,834 |   |
| Net                effect of the assumed exercise of stock options and warrants based                on the                treasury stock using average market prices for the period |   |                                                              | **33,510**    |   |   | - |   |
| Total                weighted average common shares and common stock equivalents                outstanding                                                                          |   |                                                              | **1,056,029** |   |   | 913,834 |   |
|                                                                                                                                                                                 |   |                                                              |          |   |   |   |   |
| Net                income (loss)                                                                                                                                                     |   | **$**                                                             | **37,890**    |   | $ | (89,754 | ) |
|                                                                                                                                                                                 |   |                                                              |          |   |   |   |   |
| Diluted                earnings (losses) per share                                                                                                                                   |   | **$**                                                             | **.04**       |   | $ | (.10 | ) |

| **NOTE                4.** | **BUSINESS                COMBINATION** |
|----------------------------|-----------------------------------------|

----

*Index*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

| **Part                I.** | **Financial                Information** |
|----------------------------|------------------------------------------|

| **Item2.** | **Management's                Discussion and Analysis** |
|------------|---------------------------------------------------------|

**SPECIAL      CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS**

|   | · | 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**

----

*Index*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

| **Part                I.** | **Financial                Information** |
|----------------------------|------------------------------------------|

| **Item2.** | **Management's                Discussion and Analysis** |
|------------|---------------------------------------------------------|

**Liquidity      and Capital Resources**

|                                      |   | Actual                                 |   |
|-------------------------------------------|--------|----------------------------------------|--------|
|                                      |   |                                   |   |   |   |   |   |
|                                      |   | SeasonsBancshares,                Inc. |   | SeasonsBank |   | RegulatoryRequirements |   |
|                                      |   |  ______________                   |   |  ______________ |   |  ______________ |   |
| Leverage                capital ratio     |   |                                   | 10.04% |   |   |                  9.41% |   |   | 4.00% |   |
| Risk-based                capital ratios: |   |                                   |   |   |   |   |   |   |   |   |
| Core                capital               |   |                                   | 11.48% |   |   | 10.76% |   |   | 4.00% |   |
| Total                capital              |   |                                   | 12.72% |   |   | 12.00% |   |   | 8.00% |   |

**Off-Balance      Sheet Arrangements**

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*Index*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

| **Part                I.** | **Financial                Information** |
|----------------------------|------------------------------------------|

| **Item2.** | **Management's                Discussion and Analysis** |
|------------|---------------------------------------------------------|

**Financial      Condition**

**Results      of Operations for the Three Months Ended March 31, 2006 and      2005**

----

*Index*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

| **Part                I.** | **Financial                Information** |
|----------------------------|------------------------------------------|

| **Item2.** | **Management's                Discussion and Analysis** |
|------------|---------------------------------------------------------|

|                                                                                                                                                                       |   | **2006**                              |   | **2005** |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|----------|--------|
|                                                                                                                                                                       |   | (Dollars                in Thousands) |   |
|                                                                                                                                                                       |   |                                  |   |     |   |
| Non-accrual                loans                                                                                                                                           |   | $                                     | 684    |     |   | 4 |   |
| Loans                contractually past due ninety days or more as to interest or principal                payments and still accruing                                     |   |                                  | 0      |     |   | 42 |   |
| 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                      |   |                                  | 23     |     |   | 0 |   |
| Interest                income that was recorded on non-accrual and restructured                loans                                                                      |   |                                  | 0      |     |   | 0 |   |

----

*Index*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

| **Part                I.** | **Financial                Information** |
|----------------------------|------------------------------------------|

| **Item2.** | **Management's                Discussion and Analysis** |
|------------|---------------------------------------------------------|

|                                                                                                        |   | **2006** |   | **2005** |   |
|-------------------------------------------------------------------------------------------------------------|--------|----------|--------|----------|--------|
|                                                                                                        |   |     |   |     |   |
| Average                amount of loans outstanding                                                          |   | $        | 68,319 |     | $      | 43,854 |   |
|                                                                                                        |   |     |   |     |   |   |   |
| Balance                of allowance for loan losses at beginning of period                                  |   | $        | 900    |     | $      | 539 |   |
|                                                                                                        |   |     |        |     |   |   |   |
| Loans                charged off                                                                            |   |     |   |     |   |   |   |
| Commercial                and financial                                                                     |   |     | 0      |     |   | 13 |   |
| Real                estate mortgage                                                                         |   |     | 47     |     |   | 0 |   |
| Installment                                                                                                 |   |     | 10     |     |   | 2 |   |
|                                                                                                        |   |     | 57     |     |   | 15 |   |
|                                                                                                        |   |     |        |     |   |   |   |
| Loans                recovered                                                                              |   |     |   |     |   |   |   |
| Commercial                and financial                                                                     |   |     | 0      |     |   | 0 |   |
| Real                estate mortgage                                                                         |   |     | 14     |     |   | 0 |   |
| Installment                                                                                                 |   |     | 3      |     |   | 0 |   |
|                                                                                                        |   |     | 17     |     |   | 0 |   |
|                                                                                                        |   |     |   |     |   |   |   |
| Net                charge-offs                                                                              |   |     | 40     |     |   | 15 |   |
|                                                                                                        |   |     |   |     |   |   |   |
| Additions                to allowance charged to operating expense during period                            |   |     | 110    |     |   | 71 |   |
|                                                                                                        |   |     |   |     |   |   |   |
| Balance                of allowance for loan losses at end of period                                        |   | $        | 970    |     | $      | 595 |   |
|                                                                                                        |   |     |        |     |   |   |   |
|                                                                                                        |   |     |   |     |   |   |   |
| Ratio                of net loans charged off during the period to average loans                outstanding |   |     | .06    | %        |   | .03 | % |

----

*Index*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

| **Part                I.** | **Financial                Information** |
|----------------------------|------------------------------------------|

| **Item2.** | **Management's                Discussion and Analysis** |
|------------|---------------------------------------------------------|

| **Item3.** | **Controls                and Procedures** |
|------------|--------------------------------------------|

----

*Index*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**PART      II - OTHER INFORMATION**

| **Item1.** | **LEGAL                PROCEEDINGS** |
|------------|--------------------------------------|

| **Item2.** | **UNREGISTERED                SALES OF EQUITY SECURITIES AND USE OF                PROCEEDS** |
|------------|-----------------------------------------------------------------------------------------------|

| **Item3.** | **DEFAULTS                UPON SENIOR SECURITIES** |
|------------|----------------------------------------------------|

| **Item4.** | **SUBMISSION                OF MATTERS TO A VOTE OF SECURITY                HOLDERS** |
|------------|---------------------------------------------------------------------------------------|

| **Item5.** | **OTHER                INFORMATION** |
|------------|--------------------------------------|

| **Item6.** | **EXHIBITS** |
|------------|--------------|

|   | 2.1 | Agreement                and Plan of Merger by and between NBC Capital Corporation and Seasons                Bancshares, Inc. dated March 21, 2006 (previously filed as an exhibit                to                the Current Report on Form 8-K (Commission File No. 000-50713), filed                with                the SEC on March 24, 2006) |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.1 | Certification                of the Chief Executive Officer pursuant to Rule 13a-14(a) of the                Exchange                Act |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certificate                of the Chief Financial Officer pursuant to Rule 13a-14(a) of the                Exchange                Act |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | 32 | Certification                of Chief Executive Officer and Chief Financial Officer pursuant to                18                U.S.C. Section 1350 |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------|

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*Index*

**SEASONS      BANCSHARES, INC. AND      SUBSIDIARY**

**Signatures**

|   |                        |   | SEASONS                BANCSHARES, INC.       |
|--------|-----------------------------|--------|-----------------------------------------------|
|   |                        |   | (Registrant)                                  |   |   |
|   |                        |   |                                          |   |   |
|   |                        |   |                                          |   |   |
|   |                        |   |                                          |   |   |
| Date:  | May                12, 2006 |   | /s/                William L. Sutton          |   |
|   |                        |   | William                L. Sutton              |
|   |                        |   | Chief                Executive Officer        |
|   |                        |   | (Principal                Executive Officer)  |
|   |                        |   |                                          |   |   |
|   |                        |   |                                          |   |   |
| Date:  | May                12, 2006 |   | /s/                Nita Elliott               |   |
|   |                        |   | Nita                Elliott                   |
|   |                        |   | Chief                Financial Officer        |
|   |                        |   | (Principal                Accounting Officer) |

----