Georgia Banking Company (GBC) Registration filing summary

Company overview and business model

• Atlanta MSA relationship-banking platform serving small and middle-market businesses, professionals, entrepreneurs and consumers through commercial, community, private, CRE, mortgage warehouse, treasury services and retail mortgage lines.

• Local decision-making and senior banker access combine with broader-bank products and technology; strategy emphasizes organic growth, deeper client relationships and selective acquisitions.

• As of June 30, 2026: $3.3B assets, ~$2.6B loans, ~$2.8B deposits, 10 full-service branches and three loan production offices, all in the Atlanta MSA.

• Mortgage warehouse lending serves originators nationwide; acquired loans typically remain on balance sheet for less than 30 days and generally have an approved secondary-market takeout commitment.

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, and NIM was 4.36% vs. 4.17%.

• FY 2025 net income was $22.1M vs. $8.5M FY 2024; NIM was 4.26% vs. 3.97%, ROAA 0.88% vs. 0.45%, and efficiency ratio 69.52% vs. 75.18%.

• June 30, 2026 balance sheet: assets $3.26B, deposits $2.84B, LHFI $2.09B, total equity $278.7M and tangible common equity $258.5M.

• June 30, 2026 asset quality: ACL 1.39% of gross LHFI, nonperforming loans 0.83% of gross LHFI and annualized net charge-offs 0.10% of average loans.

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

Use of proceeds and capital allocation

• Registered-shareholder resales generate no proceeds for the issuer; sale costs are borne by the issuer, while sellers pay broker discounts or commissions and their sale-related legal expenses.

• H1 2026 equity placement generated $36.6M net proceeds for organic growth, capital strength and strategic flexibility; August 2026 placement proceeds were also intended for those purposes.

• August 2026 $55.0M subordinated notes were used to redeem the 4.125% notes due 2031; the new notes qualify for Tier 2 capital treatment.

• Estimated direct-listing and registration expenses total $2.05M, including legal, accounting, advisor, listing and printing costs.