Georgia Banking Company (GBC) Registration filing summary

Company overview and business model

• Atlanta-focused relationship bank serving businesses, professionals, entrepreneurs and consumers through commercial, community, private, CRE, mortgage warehouse, treasury services and retail mortgage operations; 10 branches and 3 loan production offices at June 30, 2026.

• Local decision-making, senior banker access and broad product capabilities underpin a strategy to deepen client relationships, grow organically and pursue selective acquisitions in the Atlanta MSA.

• Mortgage warehouse loans are generally supported by identified investor takeouts and remain on balance sheet for less than 30 days; the program has funded more than $95 billion over 28+ years without material credit losses.

Financial performance and metrics

• H1 2026 net income was $13.3M vs. $6.7M H1 2025; net interest income was $55.9M vs. $46.9M, while NIM increased to 4.36% from 4.17%.

• FY2025 net income was $22.1M vs. $8.5M FY2024; NIM was 4.26% vs. 3.97%, ROAA 0.88% vs. 0.45%, and efficiency ratio 69.52% vs. 75.18%.

• At June 30, 2026, assets were $3.26B, deposits $2.84B, LHFI $2.09B and shareholders’ equity $278.7M; assets rose 20.7% vs. Dec. 31, 2025, including Tandem acquisition effects and organic loan growth.

• H1 2026 annualized net charge-offs were 0.10% of average loans; nonperforming loans were 0.83% of gross LHFI and tangible common equity to tangible assets was 7.97%.

Use of proceeds and capital allocation

• Resale proceeds go to Registered Shareholders; no proceeds from their sales will be received by the issuer. Issuer pays offering expenses; sellers bear broker discounts, commissions and their legal fees.

• Estimated registration and distribution costs total $2.05M, including legal, accounting, Nasdaq, FINRA, printing and financial-advisor expenses.

• Separately, proceeds from primary shares in the June and August 2026 private placements are intended for organic growth, capital strength and strategic flexibility; June primary proceeds were about half of total placement proceeds.