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  MARCH 31, 2004
                                     --------------

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

        For the transition period from __________ to __________

                        COMMISSION FILE NUMBER: 333-84142

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

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


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

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

                          Generations Bancshares, Inc.
      ---------------------------------------------------------------------
      (Former name, former address and former fiscal year, if changed since
                                  last report)


Check  whether the issuer: (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 12 months (or for such shorter
period  that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

                         YES [X]  NO [ ]


State the number of shares outstanding of each of the issuer's classes of common
equity, as of May 14, 2004: 913,834, $1 par value.

Transitional  Small  Business  Disclosure  Format    Yes      No  X
                                                         ---     ---


<PAGE>
                            SEASONS BANCSHARES, INC.
                                 AND SUBSIDIARY

                                      INDEX
                                      -----


                                                                            Page
                                                                            ----

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

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

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

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


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

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

Item 2.   Changes in Securities and Small Business Issuer Purchases
          of Equity Securities. . . . . . . . . . . . . . . . . . . . . . . . 14

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

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

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

Item 6.   Exhibits and Reports on Form 8-K. . . . . . . . . . . . . . . . . . 14

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


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

                             SEASONS BANCSHARES, INC.
                                  AND SUBSIDIARY

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


                          ASSETS                           2004          2003
                          ------                       ------------  ------------
<S>                                                    <C>           <C>

Cash and due from banks                                $   929,174   $ 1,103,325
Federal funds sold                                         753,000     7,316,000
Securities available-for-sale, at fair value             7,739,150     7,744,671

Loans                                                   27,145,947    19,569,837
Less allowance for loan losses                             340,790       271,000
                                                       ------------  ------------
      Loans, net                                        26,805,157    19,298,837
                                                       ------------  ------------

Premises and equipment                                   2,581,892     2,181,663
Other assets                                               236,157       177,945
                                                       ------------  ------------

      TOTAL ASSETS                                     $39,044,530   $37,822,441
                                                       ============  ============


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

DEPOSITS
  Noninterest-bearing                                  $ 2,964,722   $ 1,204,313
  Interest-bearing                                      28,994,561    29,301,392
                                                       ------------  ------------
      TOTAL DEPOSITS                                    31,959,283    30,505,705
Other liabilities                                          118,208       154,920
                                                       ------------  ------------
      TOTAL LIABILITIES                                 32,077,491    30,660,625
                                                       ------------  ------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDER'S EQUITY
  Preferred stock, no par value; 2,000,000 shares
    authorized; no shares issued and outstanding                 -             -
  Common stock, $1 par value; 10,000,000 shares
    authorized; 913,834 issued and outstanding             913,834       913,834
  Capital surplus                                        8,053,558     8,053,558
  Accumulated deficit                                   (2,028,424)   (1,798,759)
  Accumulated other comprehensive income (loss)             28,071        (6,817)
                                                       ------------  ------------
      TOTAL STOCKHOLDER'S EQUITY                         6,967,039     7,161,816
                                                       ------------  ------------

      TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY       $39,044,530   $37,822,441
                                                       ============  ============
<FN>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
</TABLE>


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

             CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
                      THREE MONTHS ENDED MARCH 31, 2004 AND 2003
                                     (UNAUDITED)


                                                         2004              2003
                                                   ----------------  ----------------
<S>                                                <C>               <C>
INTEREST INCOME
    Loans                                          $       418,345   $        34,338
    Taxable securities                                      44,018               483
    Federal funds sold                                      11,344            43,958
                                                   ----------------  ----------------
              TOTAL INTEREST INCOME                        473,707            78,779
                                                   ----------------  ----------------

INTEREST EXPENSE
    Deposits                                               188,366            35,480
    Other borrowings                                             -               421
                                                   ----------------  ----------------
              TOTAL INTEREST EXPENSE                       188,366            35,901
                                                   ----------------  ----------------

              NET INTEREST INCOME                          285,341            42,878
PROVISION FOR LOAN LOSSES                                   75,500            44,000
                                                   ----------------  ----------------
              NET INTEREST INCOME (EXPENSE) AFTER
                PROVISION FOR LOAN LOSSES                  209,841            (1,122)
                                                   ----------------  ----------------

OTHER INCOME
      Service charges, fees and other income                13,877             2,015
                                                   ----------------  ----------------
              TOTAL OTHER INCOME                            13,877             2,015
                                                   ----------------  ----------------

OTHER EXPENSES
    Salaries and employee benefits                         203,683           141,482
    Occupancy and equipment expenses                       103,759            38,263
    Other operating expenses                               145,941           152,348
                                                   ----------------  ----------------
              TOTAL OTHER EXPENSES                         453,383           332,093
                                                   ----------------  ----------------

              NET LOSS BEFORE INCOME TAXES                (229,665)         (331,200)

INCOME TAXES                                                     -                 -
                                                   ----------------  ----------------

              NET LOSS                                    (229,665)         (331,200)
                                                   ----------------  ----------------

OTHER COMPREHENSIVE INCOME :
     Unrealized gains on securities
         available-for-sale arising during period           34,888               128
                                                   ----------------  ----------------


COMPREHENSIVE LOSS                                 $      (194,777)  $      (331,072)
                                                   ================  ================


BASIC AND DILUTED LOSSES PER SHARE                 $         (0.25)  $         (0.36)
                                                   ================  ================

CASH DIVIDENDS PER SHARE                           $             -   $             -
                                                   ================  ================
<FN>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
</TABLE>


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

                                 CONSOLIDATED STATEMENTS OF CASH FLOWS
                              THREE MONTHS ENDED MARCH 31, 2004 AND 2003
                                              (UNAUDITED)


                                                                      2004                 2003
                                                               -------------------  ------------------
<S>                                                            <C>                  <C>
OPERATING ACTIVITIES
    Net loss                                                   $         (229,665)  $        (331,200)
    Adjustments to reconcile net loss to net cash
        used in operating activities:
        Depreciation and amortization                                      28,197                 986
        Provision for loan losses                                          75,500              44,000
        Increase in interest receivable                                   (34,762)            (20,041)
        Increase (decrease) in interest payable                            (8,346)             27,314
        Other operating activities                                        (51,816)            (95,110)
                                                               -------------------  ------------------

              Net cash used in operating activities                      (220,892)           (374,051)
                                                               -------------------  ------------------

INVESTING ACTIVITIES
    Net (increase) decrease in federal funds sold                       6,563,000         (13,286,000)
    Purchases of securities available-for-sale                         (1,000,000)         (1,010,927)
    Proceeds from maturities of securities available-for-sale           1,040,409                   -
    Net increase in loans                                              (7,581,820)         (4,363,238)
    Purchase of premises, equipment and computer software                (428,426)           (227,278)
                                                               -------------------  ------------------

              Net cash used in investing activities                    (1,406,837)        (18,887,443)
                                                               -------------------  ------------------

FINANCING ACTIVITIES
    Net increase in deposits                                            1,453,578          12,337,827
    Proceeds from sale of common stock                                          -           9,138,330
    Advances on line of credit                                                  -               4,500
    Repayment of line of credit                                                 -            (699,359)
    Repayment of organizer advances                                             -             (50,000)
    Stock issue costs                                                           -             (18,806)
                                                               -------------------  ------------------

              Net cash provided by financing activities                 1,453,578          20,712,492
                                                               -------------------  ------------------

Net increase (decrease) in cash and due from banks                       (174,151)          1,450,998

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

Cash and due from banks, end of period                         $          929,174   $       1,451,976
                                                               ===================  ==================

SUPPLEMENTAL DISCLOSURES
    Cash paid for:
          Interest                                             $          196,712   $           8,587
<FN>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
</TABLE>


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

NOTE 1.   NATURE OF BUSINESS AND BASIS OF PRESENTATION

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

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

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

          The  results  of operations for the three month period ended March 31,
          2004, are not necessarily indicative of the results to be expected for
          the  full  year.

NOTE 2.   CURRENT ACCOUNTING DEVELOPMENTS

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

NOTE 3.   STOCK COMPENSATION PLANS

          At March 31, 2004, the Company has two stock-based compensation plans.
          The  Company  accounts  for  those  plans  under  the  recognition and
          measurement  principles  of  APB  Opinion No. 25, Accounting for Stock
          Issued  to  Employees,  and  related  Interpretations.  No stock-based
          compensation  cost  is  reflected  in  net  loss,  as  all options and
          warrants  granted under those plans had an exercise price equal to the
          market  value  of  the  underlying  stock  on  the  date of grant. The
          following  table  illustrates  the  effect  on net loss and losses per
          share if the Company had applied the fair value recognition provisions
          of SFAS Statement No. 123, Accounting for Stock-Based Compensation, to
          stock-based  compensation.

<TABLE>
<CAPTION>
                                                           THREE MONTHS ENDED MARCH 31,
                                                           ----------------------------
                                                               2004           2003
                                                           -------------  -------------
<S>                                                        <C>         <C>

          Net loss, as reported                            $   (229,665)  $   (331,200)

          Deduct: Total stock-based compensation
             expense determined under fair value based
             method for all awards                             (296,022)             -
                                                           -------------  -------------
          Pro forma net loss                               $   (525,687)  $   (331,200)
                                                           =============  =============
          Losses per share:
             Basic and diluted - as reported               $       (.25)  $      (0.36)
                                                           =============  =============
             Basic and diluted - pro forma                 $       (.58)  $      (0.36)
                                                           =============  =============
</TABLE>

NOTE 4.   LOSSES PER SHARE

          Basic  losses  per  share  are  computed  by  dividing net loss by the
          weighted average number of shares of common stock outstanding. Diluted
          losses  per  share are computed by dividing net loss by the sum of the
          weighted  average  number  of  shares  of common stock outstanding and
          potential  common  shares.  Potential  common  shares consist of stock
          options and stock warrants. The effect of potential common shares does
          not


                                        6
<PAGE>
          have  a  dilutive  effect on losses per share. Weighted average shares
          outstanding  as  of March 31, 2004 and 2003 was 913,834, or the number
          of  shares  issued  in  the  Company's  initial public stock offering.


                                        7
<PAGE>
                    SEASONS BANCSHARES, INC. AND SUBSIDIARY

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

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

SPECIAL CAUTIONARY NOTICE REGARDING FORWARD LOOKING STATEMENTS

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

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

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

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

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

     -    changes occurring in business conditions and inflation;

     -    changes in technology;

     -    changes in monetary and tax policies;

     -    the level of allowance for loan loss;

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

     -    the rates of loan growth;

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

     -    changes in the securities markets; and

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

CRITICAL ACCOUNTING POLICIES

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


                                        8
<PAGE>
                    SEASONS BANCSHARES, INC. AND SUBSIDIARY

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

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

LIQUIDITY AND CAPITAL RESOURCES

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

Both  we  and the regulatory authorities monitor the liquidity of our subsidiary
bank  on a periodic basis. We have limited historical data for seasonal or other
related demands on our liquidity due to our commencing operations on January 27,
2003.  However,  we  believe  the  liquidity of our bank as of March 31, 2004 is
adequate to support the cash flow requirements of its customers.

Requirements  by banking regulators include the monitoring of risk-based capital
guidelines  for  banks  that  are  designed  to  make  capital requirements more
sensitive  to  differences  in  risk  profiles and account for off balance sheet
items. We substantially exceeded the regulatory minimums on capital requirements
and  ratios  as  of March 31, 2004. However, as we continue to grow and the loan
portfolio  increases, these ratios have and will continue to adjust downward. We
monitor  these  amounts  and  ratios  on  a  frequent basis. The minimum capital
requirements  and  the  actual capital ratios for the company and the bank as of
March  31,  2004  are  as  follows:

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

                                      Seasons       Seasons    Regulatory
                                 Bancshares, Inc.     Bank    Requirements
                                 -----------------  --------  -------------
<S>                              <C>                <C>       <C>

     Leverage capital ratio                 17.87%    16.08%          4.00%
     Risk-based capital ratios:
     Core capital                           22.77%    20.49%          4.00%
     Total capital                          22.89%    21.61%          8.00%
</TABLE>

OFF-BALANCE SHEET ARRANGEMENTS

Through  the  operations  of  our  bank, we have made contractual commitments to
extend  credit  in  the  ordinary  course  of  our  business  activities.  These
commitments  are  legally  binding  agreements to lend money to our customers at
predetermined interest rates for a specified period of time.  At March 31, 2004,
we  had  issued  unfunded  commitments  to  extend  credit of $4,962,000 through
various  types  of  lending  arrangements.  We  evaluate  each customer's credit
worthiness on a case-by-case basis. The amount of collateral obtained, if deemed
necessary  by  us upon extension of credit, is based on our credit evaluation of
the borrower.  Collateral varies but may include accounts receivable, inventory,
property, plant and equipment, commercial and residential real estate.

If  needed,  we  have  the  ability on a short-term basis to borrow and purchase
federal  funds  from  other  financial  institutions.  At March 31, 2004, we had
arrangements  with three commercial banks for short-term advances of $4,500,000.

FINANCIAL  CONDITION

Total  assets  at  March  31, 2004 were approximately $39,045,000 as compared to
$37,822,000  as  of  December 31, 2003.  Deposit growth during the quarter ended
March  31,  2004  of  $1,454,000  was  invested  primarily in loans.  During the
quarter  ended  March 31, 2004, our loans grew to $27,146,000. This increase was
primarily  funded  by  a decrease in our federal funds sold of $6,563,000 during
the  first  quarter  of  2004.


                                        9
<PAGE>
                    SEASONS BANCSHARES, INC. AND SUBSIDIARY

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


We  expect  continued  growth  in assets and liabilities during the remainder of
2004.  We  will  monitor  growth  and  seek  to  maintain a proper mix of types,
maturities,  and  interest  rates.  We  believe  that  our  current  capital and
liquidity levels are adequate to support the current growth of the bank.

Our  total equity decreased by $195,000 during the quarter ended March 31, 2004,
due  primarily to the net loss for the quarter of $230,000 off set by unrealized
gains in our securities available-for-sale category of $ 35,000.

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2004 AND 2003

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

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

Net  loss for the three month period ended March 31, 2004 was $230,000.  The net
loss  for the quarter was primarily due to ongoing costs of growing the Bank and
the  costs  of  funding  our  loan  loss  reserve.

Net  loss for the three month period ended March 31, 2003 was $331,000.  The net
loss  for  the  quarter  was primarily due to the costs of commencing operations
during  the  first  quarter  of  2003.

Our  net  interest  margin  was 3.27% for the quarter ended March 31, 2004.  Our
yield  on total earning assets was 4.53% and our cost of funds was 2.54% for the
quarter ended March 31, 2004.  Our net interest margin was 2.62% for the quarter
ended  March 31, 2003.  Our yield on total earning assets was 3.56% and our cost
of funds was 3.10% for the quarter ended March 31, 2003.

Our  net  interest margin has increased primarily because we have reinvested our
lower yielding federal funds sold into higher yielding loans and investments.

The provision for loan losses was $76,000 and $44,000, respectively, as of March
31,  2004  and  2003.  The  amounts  provided  are due to loan growth and to our
assessment  of the inherent risk in the portfolio.  Management believes that the
$341,000  in  the  allowance for loan losses at March 31, 2004, or approximately
1.25%  of  total net outstanding loans, is adequate to absorb known risks in the
portfolio.  No  assurance can be given, however, that increased loan volume, and
adverse  economic conditions or other circumstances will not result in increased
losses  in  our  loan  portfolio.


                                       10
<PAGE>
                    SEASONS BANCSHARES, INC. AND SUBSIDIARY

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


Information  with  respect  to  non-accrual,  past due and restructured loans at
March  31,  2004  is  as  follows:

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

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

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

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


                                       11
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

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


Information  regarding  certain  loans  and allowance for loan loss data through
March 31, 2004 and 2003 (Dollars in Thousands) is as follows:

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

Average amount of loans outstanding                                $23,144   $2,997
                                                                   ========  =======

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

Loans charged off
   Commercial and financial                                              4        0
   Real estate mortgage                                                  0        0
   Installment                                                           2        0
                                                                   --------  -------
                                                                         6        0
                                                                   --------  -------

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

Net charge-offs                                                          6        0
                                                                   --------  -------

Additions to allowance charged to operating expense during period       76       44

                                                                   --------  -------
Balance of allowance for loan losses at end of period              $   341   $   44
                                                                   ========  =======

Ratio of net loans charged off during the period to
   average loans outstanding                                           .03%       0%
                                                                   ========  =======
</TABLE>

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

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


                                       12
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

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


Other  income  was approximately $14,000 and $2,000, respectively, for the three
months  ended  March  31,  2004 and 2003. This increase is due to service charge
income  on  deposit  accounts,  and other miscellaneous income.  The increase in
service charge income is directly related to the growth of our deposits.

Other  expenses  increased  by  $121,000 during the three months ended March 31,
2004  compared  to  the quarter ended March 31, 2003, due primarily to increased
salaries  and  increased  occupancy  expense  associated  with  our  new banking
facility and other items related to the growth of the bank.

Salaries  and  employee  benefits  increased  $62,000 for the three month period
ended  March  31,  2004  compared  to  the  same period in 2003, due to staffing
requirements  needed  to  manage  the  Bank's  growth.  The  number of full time
equivalent  employees  was  15  at March 31, 2004 as compared to 12 at March 31,
2003.  Occupancy  and  equipment  and other operating expenses increased $59,000
during  the three months ended March 31, 2004 compared to the same period during
2003  due primarily to the opening of our permanent main office banking facility
during  the  fourth  quarter of 2003.  Other operating expenses decreased $6,000
during  the three months ended March 31, 2004 compared to the same period during
2003 due primarily to a decrease in printing materials and supply expense.

We  will  be  subject  to  federal and state income taxes when taxable income is
generated.  No  income  taxes have been accrued for the three months ended March
31, 2004 and 2003 because of operating losses incurred to date.

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

ITEM 3. CONTROLS AND PROCEDURES

At  the  end  of  the  period covered by this report, the Company carried out an
evaluation,  under  the  supervision and with the participation of the Company's
management,  including the Company's Chief Executive Officer and Chief Financial
Officer,  of  the  effectiveness  of  the  design and operation of the Company's
disclosure  controls and procedures pursuant to Exchange Act Rule 13a-14.  Based
upon  that evaluation, the Company's Chief Executive Officer and Chief Financial
Officer  concluded  that  the  Company's  disclosure controls and procedures are
effective  in  timely  alerting  them  to  material  information relating to the
Company  (including  its  consolidated  subsidiaries)  that  is  required  to be
included  in  the  Company's  periodic  filings with the Securities and Exchange
Commission.  There  have  been  no significant changes in the Company's internal
controls  over  financial reporting during the quarter ended March 31, 2004 that
have  materially  affected,  or  are reasonably likely to materially affect, the
Company's  internal  control  over  financial  reporting.


                                       13
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None

ITEM 2. CHANGES IN SECURITIES AND SMALL BUSINESS ISSUER PURCHASES OF
        EQUITY SECURITIES

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

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

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits

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


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


                                       14
<PAGE>
                     SEASONS BANCSHARES, INC. AND SUBSIDIARY

                                    SIGNATURE

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


                                   SEASONS  BANCSHARES,  INC.
                                   (Registrant)



Date:    May 14, 2004                /s/  John Ketner
       -----------------------     ---------------------------------
                                   John Ketner
                                   Chief Executive Officer
                                   (Principal Executive Officer)


Date:    May 14, 2004                /s/  Nita Elliott
       ----------------------      ---------------------------------
                                   Nita Elliott
                                   Chief Financial Officer
                                   (Principal Accounting Officer)


                                       15
<PAGE>