----

----

**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, 2005**  |
| o                                                                                          | 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: 000-50713**

|   | Seasons                Bancshares, Inc. |   |
|--------|-----------------------------------------|--------|

** **

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

**336      Blue Ridge Street, Blairsville, GA 30512 **

**(706)      745-5588 **

|   | N/A |   |
|--------|-----|--------|

----

*Table          of Contents*

**SEASONS      BANCSHARES, INC.**

**AND      SUBSIDIARY**

|                                                              |                                                                                      | Page   |
|-------------------------------------------------------------------|-------------------------------------------------------------------------------------------|--------|
|                                                              |                                                                                      |   |
| Part                I. Financial                Information  |                                                                                      |
|                                                              |                                                                                      |   |
| Item                1.                                            | Financial                Statements (unaudited)                                           | 3-7    |
|                                                              |                                                                                      |   |
| Item                2.                                            | Management's                Discussion and                Analysis                        | 8-13   |
|                                                              |                                                                                      |   |
| Item                3.                                            | Controls                and Procedures                                                    | 13     |
|                                                              |                                                                                      |   |
|                                                              |                                                                                      |   |
| Part                II. Other                Information     |                                                                                      |
|                                                              |                                                                                      |   |
| Item                1.                                            | Legal                Proceedings                                                          | 14     |
|                                                              |                                                                                      |   |
| Item                2.                                            | Unregistered                Sales of Equity Securities and Use of                Proceeds | 14     |
|                                                              |                                                                                      |   |
| Item                3.                                            | Defaults                Upon Senior Securities                                            | 14     |
|                                                              |                                                                                      |   |
| Item                4.                                            | Submission                of Matters to a Vote of Security                Holders         | 14     |
|                                                              |                                                                                      |   |
| Item                5.                                            | Other                Information                                                          | 14     |
|                                                              |                                                                                      |   |
| Item                6.                                            | Exhibits                                                                                  | 15     |
|                                                              |                                                                                      |   |
| Signatures                                                        |                                                                                      | 16     |

----

*Table          of Contents*

|              |  **PART                I - FINANCIAL INFORMATION**                     |
|-------------------|-----------------------------------------------------------------------------|
|  **ITEM I.** |  **FINANCIAL                STATEMENTS**                               |
|              |  **SEASONS                BANCSHARES,                INC.**            |
|              |  **AND                SUBSIDIARY**                                     |
|              |  **CONSOLIDATED                BALANCE                SHEETS**         |
|              |  **JUNE                30, 2005 AND DECEMBER 31,                2004** |
|              |  **(Unaudited)**                                                       |

| **Assets**                                                     |   | **2005** |       | **2004** |   |
|----------------------------------------------------------------|--------|----------|------------|----------|--------|
|                                                           |   |     |       |     |   |
| Cash                and due from banks                         |   | $        | 603,412    |     | $      | 1,656,205 |   |
| Interest                bearing deposits in banks              |   |     | 99,419     |     |   | - |   |
| Federal                funds sold                              |   |     | -          |     |   | 1,094,000 |   |
| Securities                available-for-sale, at fair value    |   |     | 6,386,042  |     |   | 6,616,962 |   |
| Restricted                equity securities, at cost           |   |     | 374,700    |     |   | 75,700 |   |
| Loans                                                          |   |     | 57,548,541 |     |   | 42,296,073 |   |
| Less                allowance for loan losses                  |   |     | 720,824    |     |   | 538,665 |   |
| Loans,                net                                      |   |     | 56,827,717 |     |   | 41,757,408 |   |
|                                                           |   |     |            |     |   |   |   |
| Premises                and equipment                          |   |     | 3,401,412  |     |   | 3,047,361 |   |
| Other                assets                                    |   |     | 472,342    |     |   | 323,210 |   |
|                                                           |   |     |       |     |   |   |   |
| **Total                assets**                                |   | $        | 68,165,044 |     | $      | 54,570,846 |   |
|                                                           |   |     |            |     |   |  |   |
|                                                           |   |     |            |     |   |  |   |
| **Liabilities                and Stockholder's Equity**        |   |     |            |     |   |  |   |
|                                                           |   |     |            |     |   |  |   |
| **Deposits**                                                   |   |     |            |     |   |   |   |
| Noninterest-bearing                                            |   | $        | 4,312,983  |     | $      | 2,968,091 |   |
| Interest-bearing                                               |   |     | 53,258,632 |     |   | 4,811,875 |   |
| **Total                deposits**                              |   |     | 57,571,615 |     |   | 47,779,966 |   |
|                                                           |   |     |            |     |   |   |   |
| Federal                funds purchased                         |   |     | 80,000     |     |   | - |   |
| Other                borrowings                                |   |     | 3,900,000  |     |   | - |   |
| Other                liabilities                               |   |     | 226,978    |     |   | 181,356 |   |
| **Total                liabilities**                           |   |     | 61,778,593 |     |   | 47,961,322 |   |
|                                                           |   |     |       |     |   |  |   |
| **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                             |   |     | (2,495,498 | )        |   | (2,304,600 | ) |
| Accumulated                other comprehensive loss            |   |     | (85,443    | )        |   | (53,268 | ) |
| **Total                stockholder's equity**                  |   |     | 6,386,451  |     |   | 6,609,524 |   |
| **Total                liabilities and stockholder's equity**  |   | $        | 68,165,044 |     | $      | 54,570,846 |   |

**See      Notes to Consolidated Financial Statements.**

----

*Table          of Contents*

**SEASONS      BANCSHARES, INC.**

**AND      SUBSIDIARY**

**CONSOLIDATED      STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS**

**THREE      MONTHS ENDED JUNE 30, 2005 AND 2004**

**AND      SIX MONTHS ENDED JUNE 30, 2005 AND 2004**

**(Unaudited)**

|                                                                      |   | **Three                    Months****Ended                    June 30, 2005** |          | **Three                    Months****Ended                    June 30, 2004** |   | **Six                    Months****Ended                    June 30, 2005** |   | **Six                    Months****Ended                    June 30, 2004** |          |
|---------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|---------------|-------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|---------------|
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |
| **Interest                    income**                                    |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| Loans                                                                     |   | **$**                                                                         | **977,209**   |                                                                          | $      | 541,699                                                                     |   | **$**                                                                       | **1,750,960** |   | $ | 960,044 |   |
| Taxable                    securities                                     |   |                                                                          | **42,495**    |                                                                          |   | 43,370                                                                      |   |                                                                        | **86,250**    |   |   | 87,388 |   |
| Federal                    funds sold                                     |   |                                                                          | **333**       |                                                                          |   | 799                                                                         |   |                                                                        | **2,285**     |   |   | 12,143 |   |
| Deposits                    in banks                                      |   |                                                                          | **156**       |                                                                          |   | -                                                                           |   |                                                                        | **1,098**     |   |   | - |   |
| **Total                    interest income**                              |   |                                                                          | **1,020,193** |                                                                          |   | 585,868                                                                     |   |                                                                        | **1,840,593** |   |   | 1,059,575 |   |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Interest                    expense**                                   |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| Deposits                                                                  |   |                                                                          | **344,578**   |                                                                          |   | 189,472                                                                     |   |                                                                        | **631,606**   |   |   | 377,838 |   |
| Other                    borrowings                                       |   |                                                                          | **63,742**    |                                                                          |   | 1,213                                                                       |   |                                                                        | **66,694**    |   |   | 1,213 |   |
| **Total                    interest expense**                             |   |                                                                          | **408,320**   |                                                                          |   | 190,685                                                                     |   |                                                                        | **698,300**   |   |   | 379,051 |   |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Net                    interest income**                                |   |                                                                          | **611,873**   |                                                                          |   | 395,183                                                                     |   |                                                                        | **1,142,293** |   |   | 680,524 |   |
| **Provision                    for loan losses**                          |   |                                                                          | **126,000**   |                                                                          |   | 96,000                                                                      |   |                                                                        | **197,000**   |   |   | 171,500 |   |
| **Net                    interest income**                                |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **after                    provision for loan losses**                    |   |                                                                          | **485,873**   |                                                                          |   | 299,183                                                                     |   |                                                                        | **945,293**   |   |   | 509,024 |   |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Other                    income**                                       |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| Service                    charges, fees and other income                 |   |                                                                          | **35,160**    |                                                                          |   | 19,967                                                                      |   |                                                                        | **68,049**    |   |   | 33,844 |   |
| **Total                    other income**                                 |   |                                                                          | **35,160**    |                                                                          |   | 19,967                                                                      |   |                                                                        | **68,049**    |   |   | 33,844 |   |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Other                    expenses**                                     |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| Salaries                    and other employee benefits                   |   |                                                                          | **264,278**   |                                                                          |   | 207,031                                                                     |   |                                                                        | **546,696**   |   |   | 410,714 |   |
| Occupancy                    and equipment expenses                       |   |                                                                          | **130,047**   |                                                                          |   | 106,441                                                                     |   |                                                                        | **249,145**   |   |   | 210,200 |   |
| Other                    operating expenses                               |   |                                                                          | **227,852**   |                                                                          |   | 161,456                                                                     |   |                                                                        | **408,399**   |   |   | 307,397 |   |
| **Total                    other expenses**                               |   |                                                                          | **622,177**   |                                                                          |   | 474,928                                                                     |   |                                                                        | **1,204,240** |   |   | 928,311 |   |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Loss                    before income taxes**                           |   |                                                                          | **(101,144**  | **)**                                                                         |   | (155,778                                                                    | )      |                                                                        | **(190,898**  | **)** |   | (385,443 | ) |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Income                    tax expense**                                 |   |                                                                          | **-**         |                                                                          |   | -                                                                           |   |                                                                        | **-**         |   |   | - |   |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Net                    loss**                                           |   |                                                                          | **(101,144**  | **)**                                                                         |   | (155,778                                                                    | )      |                                                                        | **(190,898**  | **)** |   | (385,443 | ) |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Other                    comprehensive income (loss):**                 |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| Unrealized                    gains (losses) on securities available-for- |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| sale                    arising during period                             |   |                                                                          | **17,084**    |                                                                          |   | (152,276                                                                    | )      |                                                                        | **(32,175**   | **)** |   | (117,388 | ) |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Comprehensive                    loss**                                 |   | **$**                                                                         | **(84,060**   | **)**                                                                         | $      | (308,054                                                                    | )      | **$**                                                                       | **(223,073**  | **)** | $ | (502,831 | ) |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Basic                    and diluted losses per share**                 |   | **$**                                                                         | **(0.11**     | **)**                                                                         | $      | (0.17                                                                       | )      | **$**                                                                       | **(0.21**     | **)** | $ | (0.42 | ) |
|                                                                      |   |                                                                          |          |                                                                          |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Cash                    dividends per share**                           |   | **$**                                                                         | -             |                                                                          | $      | -                                                                           |   | **$**                                                                       | **-**         |   | $ | - |   |

**See      Notes to Consolidated Financial Statements.**

----

*Table          of Contents*

**SEASONS      BANCSHARES, INC.**

**AND      SUBSIDIARY**

**CONSOLIDATED      STATEMENTS OF CASH FLOWS**

**SIX      MONTHS ENDED JUNE 30, 2005 AND 2004**

**(Unaudited)**

|                                                                     |   | **2005** |            | **2004** |   |
|--------------------------------------------------------------------------|--------|----------|-----------------|----------|--------|
| **OPERATING                ACTIVITIES**                                  |   |     |            |     |   |
| Net                loss                                                  |   | **$**    | **(190,898**    | **)**    | $      | (385,443 | ) |
| Adjustments                to reconcile net loss to net cash             |   |     |            |     |   |   |   |
| used                in operating activities:                             |   |     |            |     |   |   |   |
| Depreciation                                                             |   |     | **94,348**      |     |   | 69,125 |   |
| Provision                for loan losses                                 |   |     | **197,000**     |     |   | 171,500 |   |
| Increase                in interest receivable                           |   |     | **(125,585**    | **)**    |   | (70,185 | ) |
| Increase                in interest payable                              |   |     | **40,709**      |     |   | 1,575 |   |
| Net                other operating activities                            |   |     | **(18,634**     | **)**    |   | (59,611 | ) |
|                                                                     |   |     |            |     |   |   |   |
| Net                cash used in operating activities                     |   |     | **(3,060**      | **)**    |   | (273,039 | ) |
|                                                                     |   |     |            |     |   |   |   |
| **INVESTING                ACTIVITIES**                                  |   |     |            |     |   |   |   |
| Net                increase in interest-bearing deposits in banks        |   |     | **(99,419**     | **)**    |   | - |   |
| Net                decrease in federal funds sold                        |   |     | **1,094,000**   |     |   | 7,316,000 |   |
| Purchases                of securities available-for-sale                |   |     | **-**           |     |   | (1,396,271 | ) |
| Proceeds                from maturities of securities available-for-sale |   |     | **198,745**     |     |   | 2,243,802 |   |
| Net                increase in restricted equity securities              |   |     | **(299,000**    | **)**    |   | (43,500 | ) |
| Net                increase in loans                                     |   |     | **(15,267,309** | **)**    |   | (14,096,670 | ) |
| Purchase                of premises and equipment                        |   |     | **(448,399**    | **)**    |   | (648,905 | ) |
|                                                                     |   |     |            |     |   |   |   |
| Net                cash used in investing activities                     |   |     | **(14,821,382** | **)**    |   | (6,625,544 | ) |
|                                                                     |   |     |            |     |   |   |   |
| **FINANCING                ACTIVITIES**                                  |   |     |            |     |   |   |   |
| Net                increase in deposits                                  |   |     | **9,791,649**   |     |   | 6,350,552 |   |
| Net                increase in federal funds purchased                   |   |     | **80,000**      |     |   | 117,000 |   |
| Net                increase in other borrowings                          |   |     | **3,900,000**   |     |   | - |   |
|                                                                     |   |     |            |     |   |   |   |
| Net                cash provided by financing activities                 |   |     | **13,771,649**  |     |   | 6,467,552 |   |
|                                                                     |   |     |            |     |   |   |   |
| Net                decrease in cash and due from banks                   |   |     | **(1,052,793**  | **)**    |   | (431,031 | ) |
|                                                                     |   |     |            |     |   |   |   |
| Cash                and due from banks at beginning of period            |   |     | **1,656,205**   |     |   | 1,103,325 |   |
|                                                                     |   |     |            |     |   |   |   |
| Cash                and due from banks at end of period                  |   | **$**    | **603,412**     |     | $      | 672,294 |   |
|                                                                     |   |     |            |     |   |   |   |
|                                                                     |   |     |            |     |   |   |   |
| **SUPPLEMENTAL                DISCLOSURE OF CASH FLOW INFORMATION**      |   |     |            |     |   |   |   |
| Cash                paid for:                                            |   |     |            |     |   |   |   |
| Interest                                                                 |   | **$**    | **657,591**     |     | $      | 377,476 |   |

**See      Notes to Consolidated Financial Statements.**

----

*Table          of Contents*

**SEASONS      BANCSHARES, INC.**

**AND      SUBSIDIARY**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

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

| **NOTE                    2.** | **CURRENT                    ACCOUNTING DEVELOPMENTS** |
|--------------------------------|--------------------------------------------------------|

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

----

*Table          of Contents*

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

| **NOTE                  2.** | **CURRENT                  ACCOUNTING DEVELOPMENTS                  (Continued)** |
|------------------------------|-----------------------------------------------------------------------------------|

| **NOTE                  3.** | **STOCK                  COMPENSATION PLANS** |
|------------------------------|-----------------------------------------------|

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

|                                                       |   | **Six                  Months Ended June 30,** |     |
|------------------------------------------------------------|--------|------------------------------------------------|----------|
|                                                       |   | **2005**                                       |     | **2004** |   |
| Net                  loss, as reported                     |   | $                                              | (190,898 | ) | $ | (385,443 | ) |
| Deduct:                  Total stock-based compensation    |   |                                           |     |   |   |   |   |
| expense                  determined under fair value based |   |                                           |     |   |   |   |   |
| method                  for all awards                     |   |                                           | (296,022 | ) |   | (296,022 | ) |
| Pro                  forma net loss                        |   | $                                              | (486,920 | ) | $ | (681,465 | ) |
| Losses                  per share:                         |   |                                           |     |   |   |   |   |
| Basic                  and diluted - as reported           |   | $                                              | (.21     | ) | $ | (.42 | ) |
| Basic                  and diluted - pro forma             |   | $                                              | (.53     | ) | $ | (.75 | ) |

| **NOTE                  4.** | **LOSSES                  PER SHARE** |
|------------------------------|---------------------------------------|

----

*Table          of Contents*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**Part      I. Financial Information**

**Item      2. 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**

----

*Table          of Contents*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**Part      I. Financial Information**

**Item      2. Management’s Discussion and Analysis **

**Liquidity      and Capital Resources**

|                                      |   |                                   |   | Actual      |   |                   |   |
|-------------------------------------------|--------|----------------------------------------|--------|-------------|--------|------------------------|--------|
|                                      |   | SeasonsBancshares,                Inc. |   | SeasonsBank |   | RegulatoryRequirements |   |
|                                      |   |                                   |   |        |   |                   |   |
| Leverage                capital ratio     |   |                                   | 10.19  | %           |   | 10.00                  | %      |   | 4.00 | % |
| Risk-based                capital ratios: |   |                                   |   |        |   |                   |   |   |   |   |
| Core                capital               |   |                                   | 10.48  | %           |   | 10.28                  | %      |   | 4.00 | % |
| Total                capital              |   |                                   | 11.64  | %           |   | 11.45                  | %      |   | 8.00 | % |

**Off-Balance      Sheet Arrangements**

----

*Table          of Contents*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**Part      I. Financial Information**

**Item      2. Management’s Discussion and Analysis **

**Financial      Condition**

**Results      of Operations for the Three and Six Months Ended June 30, 2005 and      2004**

----

*Table          of Contents*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**Part      I. Financial Information**

**Item      2. Management’s Discussion and Analysis**

|                                                                                                  |   | 2005   |    | 2004   |   |
|-------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|
| Non-accrual                loans                                                                      |   | $      | 245,000 |   |   | 0 |   |
| Loans                contractually past due ninety days or more as to interest                        |   |   |    |   |   |   |   |
| or                principal payments and still accruing                                               |   |   | 34,000  |   |   | 140,000 |   |
| 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                                            |   |   | 4       |   |   | 0 |   |
| Interest                income that was recorded on non-accrual and restructured                loans |   |   | 0       |   |   | 0 |   |

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*Table          of Contents*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**Part      1. Financial Information**

**Item      2. Management’s Discussion and Analysis**

|                                                                             |   | **2005** |   | **2004** |   |
|----------------------------------------------------------------------------------|--------|----------|--------|----------|--------|
|                                                                             |   |     |   |     |   |
| Average                amount of loans outstanding                               |   | $        | 48,265 |     | $      | 26,750 |   |
|                                                                             |   |     |   |     |   |   |   |
| Balance                of allowance for loan losses at beginning of period       |   | $        | 539    |     | $      | 271 |   |
|                                                                             |   |     |   |     |   |  |   |
| Loans                charged off                                                 |   |     |   |     |   |   |   |
| Commercial                and financial                                          |   |     | 13     |     |   | 14 |   |
| Real                estate mortgage                                              |   |     | 0      |     |   | 0 |   |
| Installment                                                                      |   |     | 3      |     |   | 4 |   |
|                                                                             |   |     | 16     |     |   | 18 |   |
|                                                                             |   |     |   |     |   |  |   |
| Loans                recovered                                                   |   |     |   |     |   |   |   |
| Commercial                and financial                                          |   |     | 0      |     |   | 0 |   |
| Real                estate mortgage                                              |   |     | 0      |     |   | 0 |   |
| Installment                                                                      |   |     | 1      |     |   | 0 |   |
|                                                                             |   |     | 1      |     |   | 0 |   |
|                                                                             |   |     |   |     |   |   |   |
| Net                charge-offs                                                   |   |     | 15     |     |   | 18 |   |
|                                                                             |   |     |   |     |   |   |   |
| Additions                to allowance charged to operating expense during period |   |     | 197    |     |   | 172 |   |
|                                                                             |   |     |   |     |   |   |   |
| Balance                of allowance for loan losses at end of period             |   | $        | 721    |     | $      | 425 |   |
|                                                                             |   |     |   |     |   |  |   |
| Ratio                of net loans charged off during the period to               |   |     |   |     |   |   |   |
| average                loans outstanding                                         |   |     | .03    | %        |   | .07 | % |

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*Table          of Contents*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**Part      1. Financial Information**

**Item      2. Management’s Discussion and Analysis**

**Item            3.   **
**Controls            and Procedures**

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*Table          of Contents*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**PART      II - OTHER INFORMATION**

**Item      1. LEGAL PROCEEDINGS**

**Item      2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF      PROCEEDS**

**Item      3. DEFAULTS UPON SENIOR SECURITIES**

**Item      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY      HOLDERS**

|                                 | FOR     | AGAINST | WITHHELD | NOT                VOTED |
|--------------------------------------|---------|---------|----------|--------------------------|
| Lon                A. Dillard.       | 483,039 | 0       | 7,700    | 423,095                  |
| David                K. George       | 490,739 | 0       | 0        | 423,095                  |
| Jeffrey                H. Hall       | 490,714 | 0       | 25       | 423,095                  |
| T.                Kenneth Kilpatrick | 489,714 | 0       | 1,025    | 423,095                  |

| FOR     | AGAINST | WITHHELD | NOT                VOTED |
|---------|---------|----------|--------------------------|
| 488,839 | 0       | 1,900    | 423,095                  |

**Item      5. OTHER INFORMATION**

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*Table          of Contents*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**PART      II - OTHER INFORMATION (Continued)**

| **Item                6.** |  **EXHIBITS** |                                                                                                                                                                                                                                            |
|----------------------------|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |               |                                                                                                                                                                                                                                            |
|                       | 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, as adopted pursuant to Section 906 of the                Sarbanes-Oxley Act of 2002. |

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*Table          of Contents*

**SEASONS      BANCSHARES, INC. AND SUBSIDIARY**

**Signature**

|                                                | SEASONS                BANCSHARES, INC.       |
|-----------------------------------------------------|-----------------------------------------------|
|                                                | (Registrant)                                  |
|                                                |                                          |
|                                                |                                          |
|                                                |                                          |
| Date:                August                15, 2005 | /s/                David K. George            |
|                                                | David                K. George                |
|                                                | Acting                Chief Executive Officer |
|                                                | (Principal                Executive Officer)  |
|                                                |                                          |
|                                                |                                          |
| Date:                August                15, 2005 | /s/                Nita Elliott               |
|                                                | Nita                Elliott                   |
|                                                | Chief                Financial Officer        |
|                                                | (Principal                Accounting Officer) |

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