Georgia Banking Company (GBC) Registration filing summary

Company overview and business model

• Atlanta MSA-focused relationship bank offering commercial, community, private, CRE, mortgage warehouse, treasury services and retail mortgage products; 10 branches and three loan offices at June 30, 2026.

• Local decision-making, senior banker access and tailored service target small and middle-market businesses; growth combines organic expansion with selective acquisitions and complementary business lines.

• Mortgage warehouse lending provides short-term funding to mortgage originators nationwide; loans typically remain on balance sheet for less than 30 days, with approved takeout investors identified at purchase.

Financial performance and metrics

• H1 2026 net interest income $55.9M vs. $46.9M YoY; net income $13.3M vs. $6.7M; NIM 4.36% vs. 4.17%.

• FY2025 net income $22.1M vs. $8.5M in FY2024; NIM 4.26% vs. 3.97%; diluted EPS $2.62 vs. $1.12.

• Assets $3.26B, deposits $2.84B and shareholders’ equity $278.7M at June 30, 2026; loans held for investment $2.09B and loans held for sale $500.6M.

• Bank capital ratios at June 30, 2026: CET1 11.83%, Tier 1 risk-based 11.83%, total risk-based 13.05% and Tier 1 leverage 10.78%; all exceeded well-capitalized thresholds.

• June 2026 net charge-offs were 0.10% of average loans, annualized; nonperforming loans were 0.83% of gross LHFI and ACL was 1.39% of gross LHFI.

Use of proceeds and capital allocation

• Resale sellers may sell all, some or none of the registered shares; no proceeds from those sales go to the issuer, which will pay offering expenses apart from sellers’ broker commissions and legal fees.

• Net primary proceeds from the June 2026 private placement and August 2026 private placement are intended for organic growth, capital strength and strategic flexibility.

• $55.0M of subordinated notes issued in August 2026 funded redemption of the 4.125% notes due 2031; redemption occurred September 15, 2026.