----

----

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

**                 September 30, 2005**

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

**Commission        File Number:   000-50713**

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

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

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

**(706)        745-5588**

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

----

----

----

**SEASONS        BANCSHARES, INC.**

**AND        SUBSIDIARY**

|                                                                        |                                                                                          | Page   |
|-----------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------|--------|
|                                                                        |                                                                                          |   |
| Part                  I.   Financial                  Information |                                                                                          |
|                                                                        |                                                                                          |   |
| Item                  1.                                                    | Financial                  Statements                  (unaudited)                            | 3-7    |
|                                                                        |                                                                                          |   |
| Item                  2.                                                    | Management's                  Discussion and Analysis                                         | 8-13   |
|                                                                        |                                                                                          |   |
| 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                                                                                      | 14     |
|                                                                        |                                                                                          |   |
| Signatures                                                                  | 15                                                                                            |

----

*Index*

**PART        I - FINANCIAL INFORMATION**

| **ITEM                  I.** | **        FINANCIAL                  STATEMENTS** |
|------------------------------|-------------------------------------------------------------------------------------------|

**SEASONS        BANCSHARES, INC.**

**AND        SUBSIDIARY**

**CONSOLIDATED        BALANCE SHEETS**

**SEPTEMBER        30, 2005 AND DECEMBER 31, 2004**

**(Unaudited)**

| **Assets**                                                                                                                                      |   | **2005** |       | **2004** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|------------|----------|--------|
|                                                                                                                                            |   |     |       |     |   |
| Cash                  and due from banks                                                                                                        |   | $        | 1,227,439  |     | $      | 1,656,205 |   |
| Interest                  bearing deposits in banks                                                                                             |   |     | 209,568    |     |   | - |   |
| Federal                  funds sold                                                                                                             |   |     | 70,000     |     |   | 1,094,000 |   |
| Securities                  available-for-sale, at fair value                                                                                   |   |     | 6,283,030  |     |   | 6,616,962 |   |
| Restricted                  equity securities, at cost                                                                                          |   |     | 226,200    |     |   | 75,700 |   |
| Loans                                                                                                                                           |   |     | 63,329,193 |     |   | 42,296,073 |   |
| Less                  allowance for loan losses                                                                                                 |   |     | 790,423    |     |   | 538,665 |   |
| Loans,                  net                                                                                                                     |   |     | 62,538,770 |     |   | 41,757,408 |   |
|                                                                                                                                            |   |     |       |     |   |   |   |
| Premises                  and equipment                                                                                                         |   |     | 3,360,061  |     |   | 3,047,361 |   |
| Other                  assets                                                                                                                   |   |     | 539,850    |     |   | 323,210 |   |
|                                                                                                                                            |   |     |       |     |   |   |   |
| **Total                  assets**                                                                                                               |   | $        | 74,454,918 |     | $      | 54,570,846 |   |
|                                                                                                                                            |   |     |       |     |   |  |   |
|                                                                                                                                            |   |     |       |     |   |  |   |
| **Liabilities                  and Stockholder's Equity**                                                                                       |   |     |       |     |   |  |   |
|                                                                                                                                            |   |     |       |     |   |  |   |
| **Deposits**                                                                                                                                    |   |     |       |     |   |   |   |
| Noninterest-bearing                                                                                                                             |   | $        | 5,177,301  |     | $      | 2,968,091 |   |
| Interest-bearing                                                                                                                                |   |     | 59,458,985 |     |   | 44,811,875 |   |
| **Total                  deposits**                                                                                                             |   |     | 64,636,286 |     |   | 47,779,966 |   |
|                                                                                                                                            |   |     |       |     |   |   |   |
| Federal                  funds purchased                                                                                                        |   |     | 1,000,000  |     |   | - |   |
| Other                  borrowings                                                                                                               |   |     | 2,100,000  |     |   | - |   |
| Other                  liabilities                                                                                                              |   |     | 320,973    |     |   | 181,356 |   |
| **Total                  liabilities**                                                                                                          |   |     | 68,057,259 |     |   | 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                                                                                                            |   |     | (2,495,493 | )        |   | (2,304,600 | ) |
| Accumulated                  other comprehensive loss                                                                                           |   |     | (74,240    | )        |   | (53,268 | ) |
| **Total                  stockholder's equity**                                                                                                 |   |     | 6,397,659  |     |   | 6,609,524 |   |
| **Total                  liabilities and stockholder's equity**                                                                                 |   | $        | 74,454,918 |     | $      | 54,570,846 |   |

**See        Notes to Consolidated Financial Statements.**

----

*Index*

**SEASONS        BANCSHARES, INC.**

**AND        SUBSIDIARY**

**CONSOLIDATED        STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)**

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

**AND        NINE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004**

**(Unaudited)**

|                                                                                                               |   | **Three                  Months****Ended                  Sept 30,****2005** |          | **Three                  Months****Ended                  Sept 30,****2004** |   | **Nine                  Months****Ended                  Sept 30,****2005** |   | **Nine                  Months****Ended                  Sept 30,****2004** |          |
|--------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|---------------|------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|---------------|
| **Interest                  income**                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |
| Loans                                                                                                              |   | **$**                                                                        | **1,150,539** |                                                                         | $      | 620,001                                                                     |   | **$**                                                                       | **2,901,499** |   | $ | 1,580,045 |   |
| Taxable                  securities                                                                                |   |                                                                         | **42,039**    |                                                                         |   | 44,747                                                                      |   |                                                                        | **128,289**   |   |   | 132,135 |   |
| Federal                  funds sold                                                                                |   |                                                                         | **936**       |                                                                         |   | 880                                                                         |   |                                                                        | **3,221**     |   |   | 13,023 |   |
| Deposits                  in banks                                                                                 |   |                                                                         | **1,196**     |                                                                         |   | -                                                                           |   |                                                                        | **2,294**     |   |   | - |   |
| **Total                  interest income**                                                                         |   |                                                                         | **1,194,710** |                                                                         |   | 665,628                                                                     |   |                                                                        | **3,035,303** |   |   | 1,725,203 |   |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Interest                  expense**                                                                              |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| Deposits                                                                                                           |   |                                                                         | **464,115**   |                                                                         |   | 228,678                                                                     |   |                                                                        | **1,095,721** |   |   | 606,516 |   |
| Other                  borrowings                                                                                  |   |                                                                         | **41,804**    |                                                                         |   | 3,996                                                                       |   |                                                                        | **108,498**   |   |   | 5,209 |   |
| **Total                  interest expense**                                                                        |   |                                                                         | **505,919**   |                                                                         |   | 232,674                                                                     |   |                                                                        | **1,204,219** |   |   | 611,725 |   |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Net                  interest income**                                                                           |   |                                                                         | **688,791**   |                                                                         |   | 432,954                                                                     |   |                                                                        | **1,831,084** |   |   | 1,113,478 |   |
| **Provision                  for loan losses**                                                                     |   |                                                                         | **86,000**    |                                                                         |   | 82,000                                                                      |   |                                                                        | **283,000**   |   |   | 253,500 |   |
| **Net                  interest income after provision for loan losses**                                           |   |                                                                         | **602,791**   |                                                                         |   | 350,954                                                                     |   |                                                                        | **1,548,084** |   |   | 859,978 |   |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Other                  income**                                                                                  |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| Service                  charges, fees and other income                                                            |   |                                                                         | **46,765**    |                                                                         |   | 30,084                                                                      |   |                                                                        | **114,814**   |   |   | 63,928 |   |
| **Total                  other income**                                                                            |   |                                                                         | **46,765**    |                                                                         |   | 30,084                                                                      |   |                                                                        | **114,814**   |   |   | 63,928 |   |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Other                  expenses**                                                                                |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| Salaries                  and other employee benefits                                                              |   |                                                                         | **288,523**   |                                                                         |   | 232,537                                                                     |   |                                                                        | **835,219**   |   |   | 643,251 |   |
| Occupancy                  and equipment expenses                                                                  |   |                                                                         | **136,265**   |                                                                         |   | 109,414                                                                     |   |                                                                        | **385,410**   |   |   | 319,614 |   |
| Other                  operating expenses                                                                          |   |                                                                         | **224,763**   |                                                                         |   | 143,055                                                                     |   |                                                                        | **633,162**   |   |   | 450,452 |   |
| **Total                  other expenses**                                                                          |   |                                                                         | **649,551**   |                                                                         |   | 485,006                                                                     |   |                                                                        | **1,853,791** |   |   | 1,413,317 |   |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Income                  (loss) before income taxes**                                                             |   |                                                                         | **5**         |                                                                         |   | (103,968                                                                    | )      |                                                                        | **(190,893**  | **)** |   | (489,411 | ) |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Income                  tax expense**                                                                            |   |                                                                         | **-**         |                                                                         |   | -                                                                           |   |                                                                        | **-**         |   |   | - |   |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Net                  income (loss)**                                                                             |   |                                                                         | **5**         |                                                                         |   | (103,968                                                                    | )      |                                                                        | **(190,893**  | **)** |   | (489,411 | ) |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Other                  comprehensive income (loss):**                                                            |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| Unrealized                  gains (losses) on securities available-for-sale arising during                  period |   |                                                                         | **11,203**    |                                                                         |   | 99,383                                                                      |   |                                                                        | **(20,972**   | **)** |   | (18,005 | ) |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Comprehensive                  income (loss)**                                                                   |   | **$**                                                                        | **11,208**    |                                                                         | $      | (4,585                                                                      | )      | **$**                                                                       | **(211,865**  | **)** | $ | (507,416 | ) |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Basic                  and diluted earnings (losses) per share**                                                 |   | **$**                                                                        | **0.00**      |                                                                         | $      | (0.11                                                                       | )      | **$**                                                                       | **(0.21**     | **)** | $ | (0.54 | ) |
|                                                                                                               |   |                                                                         |          |                                                                         |   |                                                                        |   |                                                                        |          |   |   |   |   |
| **Cash                  dividends per share**                                                                      |   | **$**                                                                        | **-**         |                                                                         | $      | -                                                                           |   | **$**                                                                       | **-**         |   | $ | - |   |

**See        Notes to Consolidated Financial Statements.**

----

*Index*

**SEASONS        BANCSHARES, INC.**

**AND        SUBSIDIARY**

**CONSOLIDATED        STATEMENTS OF CASH FLOWS**

**NINE        MONTHS ENDED SEPTEMBER 30, 2005 AND 2004**

**(Unaudited)**

|                                                                                                                        |   | **2005** |            | **2004** |   |
|-----------------------------------------------------------------------------------------------------------------------------|--------|----------|-----------------|----------|--------|
| **OPERATING                  ACTIVITIES**                                                                                   |   |     |            |     |   |
| Net                  loss                                                                                                   |   | **$**    | **(190,893**    | **)**    | $      | (489,411 | ) |
| Adjustments                  to reconcile net loss to net cash provided by (used in) operating                  activities: |   |     |            |     |   |   |   |
| Depreciation                                                                                                                |   |     | **147,211**     |     |   | 101,127 |   |
| Provision                  for loan losses                                                                                  |   |     | **283,000**     |     |   | 253,500 |   |
| Increase                  in interest receivable                                                                            |   |     | **(178,782**    | **)**    |   | (117,323 | ) |
| Increase                  in interest payable                                                                               |   |     | **90,213**      |     |   | 12,151 |   |
| Net                  other operating activities                                                                             |   |     | **11,546**      |     |   | (57,629 | ) |
|                                                                                                                        |   |     |            |     |   |   |   |
| Net                  cash provided by (used in) operating activities                                                        |   |     | **162,295**     |     |   | (297,585 | ) |
|                                                                                                                        |   |     |            |     |   |   |   |
| **INVESTING                  ACTIVITIES**                                                                                   |   |     |            |     |   |   |   |
| Net                  increase in interest-bearing deposits in banks                                                         |   |     | **(209,568**    | **)**    |   | - |   |
| Net                  decrease in federal funds sold                                                                         |   |     | **1,024,000**   |     |   | 7,306,000 |   |
| Purchases                  of securities available-for-sale                                                                 |   |     | **(500,000**    | **)**    |   | (1,396,271 | ) |
| Proceeds                  from maturities of securities available-for-sale                                                  |   |     | **812,960**     |     |   | 2,374,444 |   |
| Net                  increase in restricted equity securities                                                               |   |     | **(150,500**    | **)**    |   | (75,000 | ) |
| Net                  increase in loans                                                                                      |   |     | **(21,064,362** | **)**    |   | (20,319,217 | ) |
| Purchase                  of premises and equipment                                                                         |   |     | **(459,911**    | **)**    |   | (651,134 | ) |
|                                                                                                                        |   |     |            |     |   |   |   |
| Net                  cash used in investing activities                                                                      |   |     | **(20,547,381** | **)**    |   | (12,761,178 | ) |
|                                                                                                                        |   |     |            |     |   |   |   |
| **FINANCING                  ACTIVITIES**                                                                                   |   |     |            |     |   |   |   |
| Net                  increase in deposits                                                                                   |   |     | **16,856,320**  |     |   | 12,715,051 |   |
| Net                  increase in federal funds purchased                                                                    |   |     | **1,000,000**   |     |   | - |   |
| Net                  increase in other borrowings                                                                           |   |     | **2,100,000**   |     |   | - |   |
|                                                                                                                        |   |     |            |     |   |   |   |
| Net                  cash provided by financing activities                                                                  |   |     | **19,956,320**  |     |   | 12,715,051 |   |
|                                                                                                                        |   |     |            |     |   |   |   |
| Net                  decrease in cash and due from banks                                                                    |   |     | **(428,766**    | **)**    |   | (343,712 | ) |
|                                                                                                                        |   |     |            |     |   |   |   |
| Cash                  and due from banks at beginning of period                                                             |   |     | **1,656,205**   |     |   | 1,103,325 |   |
|                                                                                                                        |   |     |            |     |   |   |   |
| Cash                  and due from banks at end of period                                                                   |   | **$**    | **1,227,439**   |     | $      | 759,613 |   |
|                                                                                                                        |   |     |            |     |   |   |   |
|                                                                                                                        |   |     |            |     |   |   |   |
| **SUPPLEMENTAL                  DISCLOSURE OF CASH FLOW INFORMATION**                                                       |   |     |            |     |   |   |   |
| Cash                  paid for:                                                                                             |   |     |            |     |   |   |   |
| Interest                                                                                                                    |   | **$**    | **1,114,006**   |     | $      | 599,574 |   |

**See        Notes to Consolidated Financial Statements.**

----

*Index*

**SEASONS          BANCSHARES, INC.**

**AND          SUBSIDIARY**

**NOTES          TO CONSOLIDATED FINANCIAL STATEMENTS**

**(Unaudited)**

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

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

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

----

*Index*

**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*

|                                                                                                                                                                  |   | Nine                      Months Ended Sept 30, |     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|----------|
|                                                                                                                                                                  |   | 2005                                            |     | 2004 |   |
| Net                      loss, as reported                                                                                                                            |   | $                                               | (190,893 | ) | $ | (489,411 | ) |
|                                                                                                                                                                  |   |                                            |     |   |   |   |   |
| Deduct:                      Total stock-based compensation expense determined under fair                      value based                      method for all awards |   |                                            | (296,022 | ) |   | (296,022 | ) |
| Pro                      forma net loss                                                                                                                               |   | $                                               | (486,915 | ) | $ | (785,443 | ) |
| Losses                      per share:                                                                                                                                |   |                                            |     |   |   |   |   |
| Basic                      and diluted - as reported                                                                                                                  |   | $                                               | (.21     | ) | $ | (.54 | ) |
| Basic                      and diluted - pro forma                                                                                                                    |   | $                                               | (.53     | ) | $ | (.86 | ) |

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

----

*Index*

**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**

----

*Index*

**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     |   |                                       | 8.98%  |   |   | 8.82% |   |   | 4.00% |   |
| Risk-based                    capital ratios: |   |                                       |   |   |   |   |   |   |   |   |
| Core                    capital               |   |                                       | 10.05% |   |   | 9.87% |   |   | 4.00% |   |
| Total                    capital              |   |                                       | 11.28% |   |   | 11.10% |   |   | 8.00% |   |

**Off-Balance          Sheet Arrangements**

----

*Index*

**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 Nine Months Ended September 30, 2005 and          2004**

----

*Index*

**SEASONS          BANCSHARES, INC. AND SUBSIDIARY**

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

| **Item                    2.** | **Management's                    Discussion and Analysis** |
|--------------------------------|-------------------------------------------------------------|

|                                                                                                                                                                                   |   | **2005** |   | **2004** |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|----------|--------|
| Non-accrual                    loans                                                                                                                                                   |   | $        | 4,000  |     |   | 137,000 |   |
| Loans                    contractually past due ninety days or more as to interest or                    principal                    payments and still accruing                      |   |     | 34,000 |     |   | 1 |   |
| 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      |     |   | 5,000 |   |
| Interest                    income that was recorded on non-accrual and restructured                    loans                                                                          |   |     | 0      |     |   | 0 |   |

----

*Index*

**SEASONS          BANCSHARES, INC. AND SUBSIDIARY**

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

| **Item                    2.** | **Management's                    Discussion and Analysis** |
|--------------------------------|-------------------------------------------------------------|

|                                                                                                                |   | **2005** |   | **2004** |   |
|---------------------------------------------------------------------------------------------------------------------|--------|----------|--------|----------|--------|
|                                                                                                                |   |     |   |     |   |
| Average                    amount of loans outstanding                                                              |   | $        | 52,473 |     | $      | 30,090 |   |
|                                                                                                                |   |     |   |     |   |   |   |
| Balance                    of allowance for loan losses at beginning of period                                      |   | $        | 539    |     | $      | 271 |   |
|                                                                                                                |   |     |   |     |   |   |   |
| Loans                    charged off                                                                                |   |     |   |     |   |   |   |
| Commercial                    and financial                                                                         |   |     | 13     |     |   | 15 |   |
| Real                    estate mortgage                                                                             |   |     | 0      |     |   | 0 |   |
| Installment                                                                                                         |   |     | 20     |     |   | 6 |   |
|                                                                                                                |   |     | 33     |     |   | 21 |   |
|                                                                                                                |   |     |   |     |   |  |   |
| Loans                    recovered                                                                                  |   |     |   |     |   |   |   |
| Commercial                    and financial                                                                         |   |     | 0      |     |   | 0 |   |
| Real                    estate mortgage                                                                             |   |     | 0      |     |   | 0 |   |
| Installment                                                                                                         |   |     | 1      |     |   | 0 |   |
|                                                                                                                |   |     | 1      |     |   | 0 |   |
|                                                                                                                |   |     |   |     |   |   |   |
| Net                    charge-offs                                                                                  |   |     | 32     |     |   | 21 |   |
|                                                                                                                |   |     |   |     |   |   |   |
| Additions                    to allowance charged to operating expense during period                                |   |     | 283    |     |   | 254 |   |
|                                                                                                                |   |     |   |     |   |   |   |
| Balance                    of allowance for loan losses at end of period                                            |   | $        | 790    |     | $      | 504 |   |
|                                                                                                                |   |     |   |     |   |  |   |
| Ratio                    of net loans charged off during the period to average loans                    outstanding |   |     | .06    | %        |   | .07 | % |

----

*Index*

**SEASONS          BANCSHARES, INC. AND SUBSIDIARY**

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

| **Item                    2.** | **Management's                    Discussion and Analysis** |
|--------------------------------|-------------------------------------------------------------|

| **Item                    3.** | **Controls                    and                    Procedures** |
|--------------------------------|-------------------------------------------------------------------|

----

*Index*

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

| **Item                    5.** | **OTHER                    INFORMATION** |
|--------------------------------|------------------------------------------|

| **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. |

----

*Index*

**SEASONS          BANCSHARES, INC. AND          SUBSIDIARY**

**Signature**

|                                                                |   | SEASONS                    BANCSHARES, INC.       |   |
|---------------------------------------------------------------------|--------|---------------------------------------------------|--------|
|                                                                |   | (Registrant)                                      |   |
|                                                                |   |                                              |   |
|                                                                |   |                                              |   |
|                                                                |   |                                              |   |
| Date:                     November                    14, 2005 |   | /s/                    William L. Sutton          |   |
|                                                                |   | William                    L. Sutton              |   |
|                                                                |   | Chief                    Executive Officer        |   |
|                                                                |   | (Principal                    Executive Officer)  |   |
|                                                                |   |                                              |   |
|                                                                |   |                                              |   |
| Date:                     November                    14, 2005 |   | /s/                    Nita Elliott               |   |
|                                                                |   | Nita                    Elliott                   |   |
|                                                                |   | Chief                    Financial Officer        |   |
|                                                                |   | (Principal                    Accounting Officer) |   |

----