SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)

 X   Quarterly Report under Section 13 or 15(d) of the Securities Exchange Act
--
     of  1934
     For the quarterly period ended September 30, 2003.
                                    ------------------

                                       or

     Transition  Report  under Section 13 or 15(d) of the Securities Exchange
---
     Act  of  1934
     For the transition period from _______________ to ________________.

                          Commission File No. 0-23980
                                              -------

                       Georgia Bank Financial Corporation
                       ----------------------------------
             (Exact name of registrant as specified in its charter)

             Georgia                                    58-2005097
             -------                                    ----------
     (State  of  Incorporation)             (I.R.S. Employer Identification No.)

                    3530 Wheeler Road, Augusta, Georgia 30909
                    -----------------------------------------
                    (Address of principal executive offices)

                                 (706) 738-6990
                                 --------------
                (Issuer's telephone number, including area code)

                                 Not Applicable
                                 --------------
   (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
    ---      ---

     Check  whether the issuer is an accelerated filer (as defined in Rule 12b-2
of  the  Exchange  Act).   Yes      No  X
                               ---     ---

                      APPLICABLE ONLY TO CORPORATE ISSUERS

     State  the  number of shares outstanding of each of the issuer's classes of
common  equity,  as  of  the  latest  practicable  date:

     5,247,204 shares of common stock, $3.00 par value per share, outstanding as
of  September  30,  2003.


<PAGE>
                       GEORGIA BANK FINANCIAL CORPORATION
                                    FORM 10-Q
                                      INDEX

                                                                            Page
Part I

       Item 1.   Financial Statements (Unaudited)

                 Consolidated Balance Sheets as of September 30, 2003 and

                   December 31, 2002                                           3

                 Consolidated Statements of Income for the Three and Nine

                   Months ended September 30, 2003 and 2002                    4

                 Consolidated Statements of Cash Flows for the

                   Nine Months ended September 30, 2003 and 2002               6


                 Notes to Consolidated Financial Statements                    8

       Item 2.   Management's Discussion and Analysis of

                 Financial Condition and Results of Operations                11


       Item 3.   Quantitative and Qualitative Disclosures about Market Risk   22

       Item 4.   Controls and Procedures                                      22

Part II  Other Information

       Item 1.   Legal Proceedings                                             *

       Item 2.   Changes in Securities                                         *

       Item 3.   Defaults Upon Senior Securities                               *

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

       Item 5.   Other Information                                             *

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

Signature                                                                     25

* No information submitted under this caption


                                        1
<PAGE>
                                     PART I
                              FINANCIAL INFORMATION



                                        2
<PAGE>
<TABLE>
<CAPTION>
                GEORGIA BANK FINANCIAL CORPORATION AND SUBSIDIARY
                          Consolidated Balance Sheets
                                  (Unaudited)


                              ASSETS

                                                    September 30,    December 31,
                                                        2003             2002
                                                   -------------------------------
<S>                                                <C>              <C>
Cash and due from banks                            $   17,957,328   $  12,942,512
Federal funds sold                                     15,901,000       3,691,000
Interest-bearing deposits in other banks                   17,297         517,179
                                                   ---------------  --------------
    Cash and cash equivalents                          33,875,625      17,150,691

Investment securities
   Available-for-sale                                 137,777,980     133,971,802
   Held-to-maturity, at cost (fair values of
       $5,724,310 and $6,385,650, respectively)         5,437,331       6,138,889

Loans held for sale                                    23,644,293      24,296,598

Loans                                                 394,563,015     372,402,679
   Less allowance for loan losses                      (6,974,102)     (6,534,417)
                                                   ---------------  --------------
    Loans, net                                        387,588,913     365,868,262

Premises and equipment, net                            14,222,788      13,882,987
Accrued interest receivable                             3,516,227       3,688,630
Intangible assets, net                                    139,883         139,883
Bank-owned life insurance                              10,848,841       2,646,751
Other assets                                            3,096,455       2,047,917
                                                   ---------------  --------------

                                                   $  620,148,336   $ 569,832,410
                                                   ===============  ==============

           LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits
     Noninterest-bearing                           $   68,342,213   $  70,334,882
     Interest-bearing:
        NOW accounts                                   71,283,951      63,115,877
        Savings                                       191,002,643     152,244,387
        Money management accounts                      23,534,928      28,687,166
        Time deposits over $100,000                    96,070,009      87,746,760
        Other time deposits                            30,294,914      37,427,629
                                                   ---------------  --------------
                                                      480,528,658     439,556,701

Securities sold under repurchase agreements            47,676,603      42,987,681
Advances from Federal Home Loan Bank                   35,000,000      35,000,000
Other borrowed funds                                      400,000       1,000,000
Accrued interest and other liabilities                  4,918,996       4,539,968
                                                   ---------------  --------------
          Total liabilities                           568,524,257     523,084,350
                                                   ---------------  --------------

Stockholders' equity
  Common stock, $3.00 par value; 10,000,000
     shares authorized; 5,284,746 shares issued;
     5,247,204 shares outstanding                       7,927,119       7,927,119
  Additional paid-in capital                           42,264,703      29,871,959
  Retained earnings                                       993,769       7,471,434
  Treasury stock, at cost, 37,542 shares                 (507,360)       (507,360)
  Accumulated  other comprehensive income                 945,848       1,984,908
                                                   ---------------  --------------
          Total stockholders' equity                   51,624,079      46,748,060
                                                   ---------------  --------------

                                                   $  620,148,336   $ 569,832,410
                                                   ===============  ==============
</TABLE>


See accompanying notes to consolidated financial statements.


                                        3
<PAGE>
<TABLE>
<CAPTION>
                           GEORGIA BANK FINANCIAL CORPORATION AND SUBSIDIARY
                                   Consolidated Statements of Income

                                              (Unaudited)


                                                       Three Months Ended         Nine Months Ended
                                                           September 30,             September 30,
                                                     -----------------------  -------------------------
                                                        2003         2002         2003         2002
                                                     -----------  ----------  ------------  -----------
<S>                                                  <C>          <C>         <C>           <C>
Interest income:
   Loans, including fees                             $6,630,320   $6,313,600  $19,375,530   $18,136,196
   Investment securities                              1,487,377    1,679,996    4,669,042     5,050,156
   Federal funds sold                                    10,345       43,138       70,215       109,278
   Interest-bearing deposits in other banks                 (84)       4,016        3,496        13,473
                                                     -----------  ----------  ------------  -----------
       Total interest income                          8,127,958    8,040,750   24,118,283    23,309,103
                                                     -----------  ----------  ------------  -----------

Interest expense:
   Deposits                                           1,715,861    2,150,354    5,635,878     6,518,898
   Federal funds purchased and securities sold
     under repurchase agreements                        154,025      166,100      486,524       468,664
   Other borrowings                                     447,923      494,432    1,338,929     1,474,615
                                                     -----------  ----------  ------------  -----------
       Total interest expense                         2,317,809    2,810,886    7,461,331     8,462,177
                                                     -----------  ----------  ------------  -----------

Net interest income                                   5,810,149    5,229,864   16,656,952    14,846,926

Provision for loan losses                               218,833      789,096    1,125,388     1,873,914
                                                     -----------  ----------  ------------  -----------

Net interest income after provision for loan losses   5,591,316    4,440,768   15,531,564    12,973,012
                                                     -----------  ----------  ------------  -----------

Noninterest income:
   Service charges and fees on deposits               1,149,044    1,112,141    3,371,463     3,267,795
   Gain on sale of loans                              2,862,538    1,667,854    7,181,770     4,042,738
   Investment securities (losses) gains, net            (73,460)     118,147      (44,688)      171,013
   Retail investment income                              47,954       49,242      221,343       188,672
   Trust service fees                                    97,451       57,839      247,086       155,044
   Increase in cash surrender value of
     bank-owned life insurance                          129,166       41,522      202,090       114,302
   Miscellaneous income                                  94,061      107,402      285,365       301,793
                                                     -----------  ----------  ------------  -----------
       Total noninterest income                       4,306,754    3,154,147   11,464,429     8,241,357
                                                     -----------  ----------  ------------  -----------

Noninterest expense:
   Salaries                                           3,838,190    2,538,556    9,830,618     7,303,010
   Employee benefits                                    727,505      563,239    2,037,439     1,701,397
   Occupancy expenses                                   619,152      577,230    1,797,155     1,718,863
   Other operating expenses                           1,556,800    1,412,959    4,300,359     3,878,120
                                                     -----------  ----------  ------------  -----------
       Total noninterest expense                      6,741,647    5,091,984   17,965,571    14,601,390
                                                     -----------  ----------  ------------  -----------

         Income before income taxes                   3,156,423    2,502,931    9,030,422     6,612,979

Income tax expense                                    1,059,793      842,000    3,104,631     2,234,000
                                                     -----------  ----------  ------------  -----------

         Net  income                                 $2,096,630   $1,660,931  $ 5,925,791   $ 4,378,979
                                                     ===========  ==========  ============  ===========
</TABLE>


                                        4
<PAGE>
<TABLE>
<CAPTION>
                GEORGIA BANK FINANCIAL CORPORATION AND SUBSIDIARY
                        Consolidated Statements of Income

                                    (Unaudited)

                                              Three Months Ended       Nine Months Ended
                                                September 30,            September 30,
                                            ----------------------  ----------------------
                                               2003        2002        2003        2002
                                            ----------  ----------  ----------  ----------
<S>                                         <C>         <C>         <C>         <C>
Basic net income per share                  $     0.40  $     0.32  $     1.13  $     0.83
                                            ==========  ==========  ==========  ==========

Diluted net income per share                $     0.39  $     0.31  $     1.11  $     0.82
                                            ==========  ==========  ==========  ==========

Weighted average common shares outstanding   5,247,204   5,247,204   5,247,204   5,247,204
                                            ==========  ==========  ==========  ==========

Weighted average number of common and
  common equivalent shares outstanding       5,362,008   5,330,944   5,358,078   5,326,744
                                            ==========  ==========  ==========  ==========
</TABLE>


See accompanying notes to consolidated financial statements.


                                        5
<PAGE>
<TABLE>
<CAPTION>
                GEORGIA BANK FINANCIAL CORPORATION AND SUBSIDIARY
                      Consolidated Statements of Cash Flows
                                  (Unaudited)


                                                                 Nine Months Ended September 30,
                                                                    2003                2002
                                                              -----------------  ------------------
<S>                                                           <C>                <C>
Cash flows from operating activities
Net income                                                    $      5,925,791   $       4,378,979
  Adjustments to reconcile net income to net cash
    provided by operating activities
      Depreciation and amortization                                    966,699           1,028,867
      Provision for loan losses                                      1,125,388           1,873,914
      Net investment securities losses (gains)                          44,688            (171,013)
      Net amortization of premium on investment securities             606,323             302,623
      Increase in CSV of bank owned life insurance                    (202,090)           (114,302)
      Loss on disposal of premises and equipment                         3,048              28,252
      Gain on the sale of other real estate                                  -              (5,923)
      Gain on sale of loans                                         (7,181,770)         (4,042,738)
      Real estate loans originated for sale                       (306,272,107)       (168,336,711)
      Proceeds from sales of real estate loans                     314,106,182         176,042,809
      Decrease (increase) in accrued interest receivable               172,403            (177,392)
      Increase in other assets                                        (513,265)           (134,354)
      Increase in accrued interest and other liabilities               379,028             267,083
                                                              -----------------  ------------------
            Net cash provided by operating activities                9,160,318          10,940,094
                                                              -----------------  ------------------

Cash flows from investing activities
      Proceeds from sales of available-for-sale securities          33,318,794          12,750,167
      Proceeds from maturities of available-for-sale securities     50,931,903          32,592,286
      Proceeds from maturities of held-to-maturity securities          700,000           1,070,000
      Purchase of available-for-sale securities                    (90,280,661)        (66,811,244)
      Net increase in loans                                        (22,962,832)        (47,700,610)
      Purchase of Bank-owned life insurance                         (8,000,000)                  -
      Purchases of premises and equipment                           (1,321,234)         (1,061,140)
      Proceeds from sale of other real estate                          116,793              71,902
      Proceeds from sale of premises and equipment                      11,686              57,776
                                                              -----------------  ------------------
            Net cash used in investing activities                  (37,485,551)        (69,030,863)
                                                              -----------------  ------------------

Cash flows from financing activities
      Net increase in deposits                                      40,971,957          57,401,996
      Net increase in federal funds purchased and
        securities sold under repurchase agreements                  4,688,922          11,191,821
      Payments of Federal Home Loan Bank advances                            -          (5,000,000)
      Principal payments on other borrowed funds                      (600,000)                  -
      Cash paid for fractional shares                                  (10,712)                  -
                                                              -----------------  ------------------
            Net cash provided by financing activities               45,050,167          63,593,817
                                                              -----------------  ------------------
</TABLE>


                                        6
<PAGE>
<TABLE>
<CAPTION>
                GEORGIA BANK FINANCIAL CORPORATION AND SUBSIDIARY
                      Consolidated Statements of Cash Flows
                                  (Unaudited)


                                                                 Nine Months Ended September 30,
                                                                    2003              2002
                                                              ----------------  -----------------
<S>                                                           <C>               <C>
        Net increase in cash and cash equivalents                   16,724,934          5,503,048

Cash and cash equivalents at beginning of period                    17,150,691         15,509,900

                                                              ----------------  -----------------
Cash and cash equivalents at end of period                    $     33,875,625  $      21,012,948
                                                              ================  =================
Supplemental disclosures of cash paid during the period for:
    Interest                                                  $      7,926,597  $       9,058,203
                                                              ================  =================
    Income taxes                                              $      3,133,000  $       2,480,000
                                                              ================  =================
Supplemental disclosures of noncash investing activities:
    Loans transferred to other real estate                    $        116,793  $          65,979
                                                              ================  =================
</TABLE>

See accompanying notes to consolidated financial statements.


                                        7
<PAGE>
                GEORGIA BANK FINANCIAL CORPORATION AND SUBSIDIARY

                   Notes to Consolidated Financial Statements

                               September 30, 2003

Note  1  -  Basis  of  Presentation

The  accompanying  consolidated  financial  statements  include  the accounts of
Georgia Bank Financial Corporation and its wholly-owned subsidiary, Georgia Bank
&  Trust  Company  (the  "Company"  or  the  "Bank").  Significant  intercompany
transactions and accounts are eliminated in the consolidation.

The  financial statements for the three and nine months ended September 30, 2003
and  2002  are  unaudited  and  have  been  prepared  pursuant  to the rules and
regulations  of the Securities and Exchange Commission.  Certain information and
footnote  disclosures  normally  included  in  financial  statements prepared in
accordance with accounting principles generally accepted in the United States of
America  have  been condensed or omitted pursuant to such rules and regulations.
These  consolidated  financial statements should be read in conjunction with the
audited  consolidated  financial  statements  and  footnotes  included  in  the
Company's annual report on Form 10-K for the year ended December 31, 2002.

In  the  opinion  of management, all adjustments necessary to present fairly the
financial  position and the results of operations and cash flows for the interim
periods  have  been made. All such adjustments are of a normal recurring nature.
The results of operations for the three and nine months ended September 30, 2003
are  not  necessarily  indicative of the results of operations which the Company
may  achieve  for  the  entire  year.

Note  2  -  Recent  Accounting  Pronouncements

In  April  2003,  the  FASB  issued  SFAS No. 149, Amendment of Statement 133 on
Derivative  Instruments  and  Hedging  Activities.  SFAS  No.  149  amends  and
clarifies  financial  accounting  and  reporting  for  derivative  instruments,
including  certain  derivative  instruments  embedded  in  other  contracts
(collectively  referred to as derivatives) and for hedging activities under SFAS
No.  133. SFAS No. 149 is effective for contracts entered into or modified after
June 30, 2003. The adoption of SFAS No. 149 did not have a significant effect on
the  Company's  consolidated  financial  statements.

In  May  2003,  the  FASB  issued SFAS No. 150, Accounting for Certain Financial
Instruments  with  Characteristics of both Liabilities and Equity.  SFAS No. 150
establishes  standards  for  how  an  issuer  classifies  and  measures  certain
financial  instruments  with characteristics of both liabilities and equity, and
imposes  certain  additional disclosure requirements. The provisions of SFAS No.
150  are  generally  effective  for  all  financial  instruments entered into or
modified  after May 31, 2003, and otherwise is effective at the beginning of the
first  interim  period  beginning  after  June  15,  2003.  The adoption of this


                                        8
<PAGE>
standard  did  not  have  a  significant  effect  on  the Company's consolidated
financial  statements.

Note  3  -  Comprehensive  Income

Other  comprehensive income for the Company consists of net unrealized gains and
losses on investment securities. Total comprehensive income for the three months
ended  September  30,  2003  was  $389,130  compared to $2,131,980 for the three
months ended September 30, 2002.  Total comprehensive income for the nine months
ended  September  30,  2003  was  $4,886,731 compared to $5,191,838 for the nine
months  ended  September  30,  2002.

Note  4  -  Stock-based  Compensation

In  December  2002,  the  FASB  issued  SFAS No. 148, Accounting for Stock-Based
Compensation  -  Transition  and Disclosure - an amendment of FASB Statement No.
123.  SFAS No. 148 amends SFAS No. 123, Accounting for Stock-Based Compensation,
to  provide  alternative  methods  of  transition for an entity that voluntarily
changes  to  the  fair value based method of accounting for stock-based employee
compensation.  It  also  amends  the  disclosure  provisions  of SFAS No. 123 to
require  prominent  disclosure  about  the  effects on reported net income of an
entity's  accounting  policy  decisions  with  respect  to  stock-based employee
compensation.  Finally,  SFAS  No.  148  also amends APB Opinion No. 28, Interim
Financial  Reporting,  to  require disclosure about those effects in the interim
financial  information.  The  Company  adopted  the  provisions  of SFAS No. 148
effective  December  31,  2002.

The Company applies Accounting Principles Board (APB) Opinion No. 25, Accounting
for Stock Issued to Employees, and related interpretations in accounting for its
stock option plans.  Accordingly compensation cost is measured as the excess, if
any, of the quoted market price of the Company's stock at the date of grant over
the  amount  an  employee  must pay to acquire the stock.  Had compensation cost
been  determined  based  upon  the  fair value of the options at the grant dates
consistent  with  the  method recommended by SFAS No. 123, on a pro forma basis,
the  Company's  net  income  and  income per share for the three and nine months
ended  September  30,  2003  and  2002  is  indicated  below.


                                        9
<PAGE>
<TABLE>
<CAPTION>
                                       Three Months Ended        Nine Months Ended
                                          September 30,           September 30,
                                     -----------------------  ----------------------
                                        2003         2002        2003        2002
                                     -----------  ----------  ----------  ----------
<S>                                  <C>          <C>         <C>         <C>
Net income                           $ 2,096,629  $1,660,931  $5,925,791  $4,378,979
Deduct: Total stock-based
    Compensation expense determined
    Under fair value based method,
    net of related tax effect             36,534      24,692     106,164       69024
                                     -----------  ----------  ----------  ----------
Pro Forma, net income                $ 2,060,096  $1,636,239  $5,819,627  $4,309,955
                                     ===========  ==========  ==========  ==========
Basic net income per share:
    As reported                      $      0.40  $     0.32  $     1.13  $     0.83
    Pro forma                        $      0.39  $     0.31  $     1.11  $     0.82

Diluted net income per share:
    As reported                      $      0.39  $     0.31  $     1.11  $     0.82
    Pro forma                        $      0.38  $     0.31  $     1.09  $     0.81
</TABLE>

Note  5  -  Stock  Dividend  Declared

On  July  16,  2003,  the board of directors of the Company declared a 10% stock
dividend  for  shareholders  of  record  on  August 8, 2003 which was payable on
August  29, 2003.  Stockholders' equity, including shares, at September 30, 2003
and  December  31,  2002, reflect the stock dividend.  All per share amounts and
weighted  average  shares  outstanding  have  been restated to reflect the stock
dividend.

Note  6  -  Stock  Split

On  October 15, 2003, the board of directors of the Company declared a 2:1 stock
split  for  shareholders  of  record  on  October  31,  2003 which is payable on
November  21,  2003.  Stockholders'  equity,  including shares, at September 30,
2003 and December 31, 2003, has been retroactively restated to reflect the stock
split.  All  per share amounts and weighted average shares outstanding have been
restated  to  reflect  the  stock  split.


                                       10
<PAGE>
Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations

Forward-Looking  Statements
---------------------------

Georgia  Bank Financial Corporation (the "Company") may, from time-to-time, make
written  or  oral  forward-looking statements, including statements contained in
the  Company's  filings  with  the  Securities  and  Exchange  Commission  (the
"Commission")  and  its  reports  to  shareholders.  Statements  made  in  such
documents,  other  than  those  concerning  historical  information,  should  be
considered forward-looking and subject to various risks and uncertainties.  Such
forward-looking  statements  are  made based upon management's belief as well as
assumptions made by, and information currently available to, management pursuant
to  "safe  harbor" provisions of the Private Securities Litigation Reform Act of
1995.  The  Company's  actual  results  may  differ  materially from the results
anticipated in forward-looking statements due to a variety of factors, including
governmental  monetary  and  fiscal  policies, deposit levels, loan demand, loan
collateral  values,  securities  portfolio  values,  and  interest  rate  risk
management;  the  effects  of  competition  in  the  banking business from other
commercial  banks,  savings  and  loan  associations,  mortgage  banking  firms,
consumer finance companies, credit unions, securities brokerage firms, insurance
companies,  money market mutual funds and other financial institutions operating
in  the  Company's  market  area and elsewhere, including institutions operating
through the Internet; changes in governmental regulation relating to the banking
industry,  including regulations relating to branching and acquisitions; failure
of  assumptions  underlying  the  establishment  of  reserves  for  loan losses,
including  the  value  of  collateral  underlying  delinquent  loans,  and other
factors.  The Company cautions that such factors are not exclusive.  The Company
does not undertake to update any forward-looking statement that may be made from
time  to  time  by,  or  on  behalf  of,  the  Company.

Critical  Accounting  Policies
------------------------------

The  accounting  and  financial  reporting  policies  of  Georgia Bank Financial
Corporation  and  subsidiary conform to accounting principles generally accepted
in  the  United  States  of  America and to general practices within the banking
industry.  Of  these  policies, management has identified the allowance for loan
losses  as  a  critical  accounting  policy  that  requires difficult subjective
judgment  and  is  important  to the presentation of the financial condition and
results  of  operations  of  the  Company.

The allowance for loan losses is established through a provision for loan losses
charged to expense. Loans are charged against the allowance for loan losses when
management  believes  that  the  collectibility  of  the  principal is unlikely.
Subsequent  recoveries  are  added  to the allowance. The allowance is an amount
that  management  believes  will  be adequate to absorb losses on existing loans
that  become uncollectible, based on evaluations of the collectibility of loans.
The  evaluations  take  into consideration such factors as changes in the nature
and  volume  of  the  loan  portfolio,  historical loss rates, overall portfolio
quality,  review  of specific problem loans, and current economic conditions and
trends  that  may  affect  a  borrower's  ability  to  repay.


                                       11
<PAGE>
The Company segments its allowance for loan losses into the following five major
categories:  1)  identified  losses  for impaired loans; 2) general reserves for
Classified/Watch loans; 3) general reserves for loans with satisfactory ratings;
4)  general  reserves based on economic and market risk qualitative factors, and
5)  an  unallocated  amount.  Risk  ratings are initially assigned in accordance
with  the  Bank's  loan  and  collection policy. An organizationally independent
department  reviews  grade  assignments on an ongoing basis.  Management reviews
current  information  and  events regarding a borrowers' financial condition and
strengths,  cash  flows  available  for  debt  repayment, the related collateral
supporting  the  loan and the effects of known and expected economic conditions.
When  the  evaluation  reflects  a  greater than normal risk associated with the
individual  loan,  management  classifies  the loan accordingly.  If the loan is
determined  to  be impaired, management determines the allowance for loan losses
for  that  loan  based upon the present value of future cash flows discounted at
the  loan's  effective  interest rate or the fair value of the collateral as the
measure for the amount of the impairment.  Impairment losses are included in the
allowance for loan losses through a charge to the provision for losses on loans.
Subsequent recoveries are added to the allowance for loan losses.  Cash receipts
for  accruing  loans are applied to principal and interest under the contractual
terms  of  the  loan  agreement.  Cash  receipts on impaired loans for which the
accrual  of  interest  has  been discontinued are applied first to principal and
then  to  interest income.  Impaired and Classified/Watch loans are aggressively
monitored.  The  allowance  for  loans  rated satisfactory is further subdivided
into  various  types  of loans as defined by call report codes.  The Company has
developed  specific qualitative factors to apply to each individual component of
the  allowance.  These  qualitative  factors are based upon economic, market and
industry conditions that are specific to the Company's local two county markets.
These  qualitative  factors  include, but are not limited to, national and local
economic  conditions,  bankruptcy  trends,  unemployment  trends,  loan
concentrations,  dependency  upon  government  installations and facilities, and
competitive  factors in the local market.  These allocations for the qualitative
factors  are  included in the various individual components of the allowance for
loan  losses.  The  qualitative  factors  are  subjective  in nature and require
considerable  judgment  on  the part of management.  However, it is management's
opinion  that  these  factors  represent  uncertainties  in  the Bank's business
environment  that  must  be factored into management's analysis of the allowance
for  loan losses.  Management is committed to developing more historical data in
the  future  to  reduce  the  dependence  on  these  qualitative  factors.  The
unallocated  component  of  the  allowance  is  established  for  losses  that
specifically  exist  in  the  remainder  of  the  portfolio,  but have yet to be
identified.

Management  believes  that  the allowance for loan losses is adequate. While the
Company  has  74.16%  of  its  loan portfolio secured by real estate loans, this
percentage  is  not significantly higher than in previous years. Commercial real
estate  comprises  29.57%  of the loan portfolio and consists primarily of owner
occupied  properties  where  the operations of the commercial entity provide the
necessary  cash flow to service the debt. For this portion of real estate loans,
repayment is not dependent upon liquidation of the real estate. Construction and
development  comprise  19.34%  of  the  real  estate loan portfolio. The Company
carefully monitors the loans in this category since the repayment of these loans
is  generally  dependent upon the liquidation of the real estate and is impacted


                                       12
<PAGE>
by  national  and local economic conditions. The residential category represents
those  loans  that  the Company chooses to maintain in its portfolio rather than
selling  into  the  secondary  market for marketing and competitive reasons. The
residential  held  for  sale category comprises loans that are in the process of
being  sold  into  the  secondary  market.  The  credit has been approved by the
investor and the interest rate locked so the Company takes no credit or interest
rate  risk  with  respect  to  these  loans.  The  Company  has  no  large  loan
concentrations  to  individual  borrowers  or  industries.  Only  12.61%  of the
Company's portfolio consists of consumer loans. Unsecured loans at September 30,
2003  were  $9.4  million.

While management uses available information to recognize losses on loans, future
additions  to  the  allowance  may  be  necessary  based  on changes in economic
conditions.  In  addition,  various  regulatory agencies, as an integral part of
their  examination process, periodically review the Company's allowance for loan
losses.  Such  agencies  may  require  the Company to recognize additions to the
allowance  based  on  their judgments about information available to them at the
time  of  their  examination.

Performance Overview -- Net Income
----------------------------------

The  Company's net income for the third quarter of 2003 was $2,097,000 which was
an  increase  of  $436,000  (26.2%) compared to net income of $1,661,000 for the
third  quarter  of  2002.  Basic net income per share for the three months ended
September  30,  2003  was  $0.40  compared  to  $0.32 for the three months ended
September  30,  2002.  Earnings per share for both periods have been adjusted to
reflect  the  2:1  stock  split  discussed in Item 1, Note 6. Net income for the
first nine months of 2003 was $5,926,000, an increase of $1,547,000 (35.3%) when
compared  to  net  income  of  $4,379,000 for the first nine months of 2002. The
increase  in  net  income for both the three and nine months ended September 30,
2003  compared to the same periods in 2002 was primarily a result of an increase
in  gain  on  sales  of  loans  in  the  secondary  market due to increased home
purchases and refinancing activity, a decrease in the provision for loan losses,
primarily  due  to  a  decrease  in  substandard  loans,  and an increase in net
interest income. Due to the lower interest rates, the Bank experienced decreases
in  deposit  interest  expense  while continuing to experience increases in loan
interest  income for the three and nine months ended September 30, 2003 compared
to  the  three  and  nine  months ended September 30, 2002. Interest income from
investment securities decreased due to lower average balances and lower interest
rates.  The  income  growth  discussed above for the three and nine months ended
September  30,  2003, was partially offset by increases in salaries and employee
benefits  expenses  due  to higher commissions related to the secondary mortgage
market  volume,  increased  personnel  to  support  growth,  401(K)  employer
contributions,  and  incentive  compensation.  The  increase  in other operating
expenses  is  primarily due to increases in marketing and loan costs, related to
the  increased  mortgage  production.

The  annualized  return on average assets for the Company was 1.33% for the nine
months  ended  September  30,  2003,  compared to 1.14% for the same period last
year.  The  annualized return on average stockholders' equity was 15.81% for the
nine  months  ended  September  30,  2003  compared to 13.92% for the comparable
period  in  2002.


                                       13
<PAGE>
Changes  in  Financial  Condition
---------------------------------

Total  assets  of  $620.1  million at September 30, 2003 reflects an increase of
$50.3 million (8.8%) from year-end 2002 and an increase of $69.4 million (12.6%)
over  September  30,  2002.  The  growth in total assets has been largely due to
growth in the loan and investment portfolios, Federal funds sold, and bank owned
life  insurance.  Total  loans  at  September  30,  2003  were  $418.2  million
representing an increase of $21.5 million from December 31, 2002 and an increase
of  $35.4 million from September 30, 2002.  Investment securities increased $3.1
million  (2.2%)  from December 31, 2002 and $10.6 million (8.03%) from September
30, 2002.  Federal funds sold increased $12.2 million (330.8%) from December 31,
2002  and  $11.3  million  (245.5%)  from  September  30, 2002.  Bank owned life
insurance  increased $8.0 million from December 31, 2002 and September 30, 2002.

Total deposits have grown $41.0 million (9.3%) since December 31, 2002 and $54.0
million  (12.7%) since September 30, 2002.  Total deposits include $30.0 million
of  brokered CDs at September 30, 2003 compared to $15.0 million at December 31,
2002.  Additionally,  securities sold under repurchase agreements have increased
$4.7  million  (10.9%)  since  December  31,  2002 and $4.0 million (9.2%) since
September  30,  2002.  The  Company  has increased its advances from the Federal
Home  Loan  Bank  by  $5.0  million  (16.7%)  since  September  30,  2002.

Net  Interest  Income
---------------------

Net  interest  income  increased  $580,000  (11.1%) in the third quarter of 2003
compared  to the third quarter of 2002 and $1.8 million (12.2%) during the first
nine  months  of  2003  compared  to  the same period in 2002. Despite the lower
interest  rates,  interest  income  on  loans  increased $317,000 (5.0%) for the
three-month  period and $1.2 million (6.8%) for the nine-month period due to the
additional  volume.  Interest income on investment securities decreased $193,000
(11.5%) and $381,000 (7.5%) for the three and nine-month periods ended September
30, 2003, respectively, compared to the same periods in 2002 due to lower rates.
Interest  income  on  federal  funds  sold  decreased primarily due to the lower
federal  funds  interest  rate.  Despite  increases in deposit volumes, interest
expense  on  deposits decreased $434,000 (20.2%) and $883,000 (13.5%) during the
three and nine-month periods ended September 30, 2003, respectively, compared to
the  same  periods in 2002 due to lower interest rates during 2003. Decreases in
other borrowings interest expense in both the three-month and nine-month periods
ended  September  30,  2003 of $47,000 (9.4%) and $136,000 (9.2%), respectively,
compared  to  the same periods in 2002 are due to a prepayment of a Federal Home
Loan Bank advance in September 2002 and a subsequent advance at lower rate.

The  Company's  net  interest  margin for the three months and nine months ended
September  30,  2003  was  3.93%  and 3.89%, respectively, compared to 4.02% and
4.03% for the three and nine months ended September 30, 2002, respectively.


                                       14
<PAGE>
Noninterest  Income
-------------------

Noninterest  income  for  the  respective periods in 2003 increased $1.2 million
(36.5%)  compared  to  the  three-month period ended September 30, 2002 and $3.2
million (39.1%) compared to the nine-month period ended September 30, 2002.  The
increase  for  both  periods in noninterest income was primarily attributable to
increases  in  gain  on  sale  of mortgage loans in the secondary market of $1.2
million  (71.6%)  over  the third quarter 2002 and $3.1 million (77.6%) over the
nine  months  ended September 30, 2002.  These increases are attributable to the
low  interest  rates  resulting  in  higher  levels  of  home  purchases  and
refinancings.  Service  charges  and  fees  on deposits increased $37,000 (3.3%)
from  the  third quarter 2002 and increased $104,000 (3.2%) over the nine months
ended  September  30,  2002,  primarily  due  to  increases  in  deposit account
balances, an increase in cash processing fees and a low earnings credit rate for
customers  due to the low interest rates.  Loss on sale of investment securities
increased  192,000  (162.2%)  compared to the three-month period ended September
30, 2002 and $216,000 (126.1%) compared to the nine-month period ended September
30,  2002.  Low  yielding bonds were sold at a loss in the third quarter of 2003
and  higher  yielding  bonds  were purchased in the third and fourth quarters of
2003.

Noninterest  Expense
--------------------

Noninterest  expense  for  the respective periods in 2003 increased $1.6 million
(32.4%)  from  the third quarter of 2002 and increased $3.4 million (23.0%) over
the  first nine months of 2002. Salary expense increased $1.3 million (51.2%) in
the  third  quarter  of 2003 compared to the third quarter of 2002 and increased
$2.5  million  (34.6%)  for  the nine month period ended September 30, 2003 when
compared  to  the nine months ended September 30, 2002.  The increases in salary
expense  for  both the quarter and nine-month period are primarily the result of
increased mortgage commissions directly related to the secondary mortgage market
volume,  additional  personnel  to  support  Company  growth  and  increases  in
incentive  compensation.  Employee  benefits  expense increased $164,000 (29.2%)
over  the  third quarter of 2002 and $336,000 (19.8%) over the first nine months
of  2002,  primarily due to additional 401(K) expense, FICA expense, and medical
and  dental  insurance  expense.  The  increase  in  other operating expenses of
$144,000  (10.2%)  over  the  three months ended September 30, 2002 and $422,000
(10.9%)  over  the  nine  months  ended  September 30, 2002 are primarily due to
increases  in  marketing  expense  due to an increased marketing budget and loan
costs,  primarily  due  to  costs  associated  with  the  additional  mortgage
production.

Income  Taxes
-------------

Income  tax expense in the third quarter of 2003 totaled $1,060,000, an increase
of  $218,000 over the third quarter of 2002.  Income tax expense of $3.1 million
for  the  first  nine  months  of 2003 reflects an increase of $871,000 over the
comparable  nine  month  period  in  2002.  The  effective tax rate for the nine
months ended September 30, 2003 and 2002 was 34.4% and 33.8%, respectively.  The


                                       15
<PAGE>
increase  in the effective tax rate is primarily due to a decrease in tax-exempt
income.  Income  taxes  are  estimated  on  a  quarterly  basis.

Asset  Quality
--------------

Table  1  shows  the  current and prior period amounts of non-performing assets.
Non-performing  assets were $2.6 million at September 30, 2003, compared to $1.9
million  at December 31, 2002 and $2.8 million at September 30, 2002.  The ratio
of  non-performinassets  to  total  loans  and  other  real  estate was 0.63% at
September  30,  2003,  compared  to  0.48%  at  December  31,  2002 and 0.74% at
September  30,  2002.  The  control  and  monitoring  of  non-performing  assets
continues  to  be  a  priority  of  management.

There were no loans past due 90 days or more and still accruing at September 30,
2003  and  2002.  There  were  $60,000  of  loans past due and still accruing at
December  31,  2002.

Allowance  for  Loan  Losses
----------------------------

The  allowance  for loan losses represents a reserve for probable loan losses in
the  loan portfolio.  The adequacy of the allowance for loan losses is evaluated
periodically  based  on  a  review  of  all  significant  loans, with particular
emphasis  on  impaired,  non-accruing, past due, and other loans that management
believes require special attention.  The determination of the allowance for loan
losses  is  considered  a  critical  accounting  policy  of  the Company.  For a
discussion  of  our  methodology  in  determining  the  allowance, see "Critical
Accounting  Policies"  above.

The  allowance  for  loan losses was $7.0 million at September 30, 2003 and $6.5
million  at  December  31, 2002.  Additions to the allowance for loan losses are
made  periodically  to maintain the allowance at an appropriate level based upon
management's  analysis of potential risk in the loan portfolio.  A provision for
losses  in  the  amount of $219,000 was charged to expense for the quarter ended
September  30,  2003  compared  to  $789,000 for the quarter ended September 30,
2002,  and $1.1 million for the nine months ended September 30, 2003 compared to
$1.9  million for the nine months ended September 30, 2002.  The decrease in the
provision  for loan losses for the third quarter and nine months ended September
2003  as compared with the third quarter and nine months ended September 2002 is
due  to  a  decrease  in  substandard  loans,  as  well  as  a  decrease  in net
charge-offs.

At  September 30, 2003 the ratio of allowance for loan losses to total loans was
1.67%  compared  to  1.65% at December 31, 2002 and 1.61% at September 30, 2002.
Management  considers  the  current  allowance for loan losses appropriate based
upon  its analysis of the potential risk in the portfolio, although there can be
no  assurance  that the assumptions underlying such analysis will continue to be
correct.


                                       16
<PAGE>
Liquidity  and  Capital  Resources
----------------------------------

The  Company's  liquidity  remains  adequate  to meet operating and loan funding
requirements.  The  loan  to  deposit  ratio  at  September  30,  2003 was 87.0%
compared  to  90.3% at December 31, 2002 and 89.7% at September 30, 2002.  Loans
increased  $35.4  million  from  September 30, 2002 and $21.5 million during the
first  nine months of 2003 while deposits increased $54.0 million from September
30, 2002 and increased $41.0 million during the first nine months of 2003.   The
Company  also  uses  Federal Home Loan Bank borrowings and securities sold under
repurchase  agreements  to  fund  loan  growth.  The Company maintains a line of
credit  with  the  Federal  Home Loan Bank approximating 10% of the Bank's total
assets.  Federal  Home  Loan  Bank advances are collateralized by eligible first
mortgage loans and specific commercial real estate loans.  The Company prepaid a
$5.0  million  Federal  Home  Loan  advance  in  September  2002  and secured an
additional  advance  at  a  lower  rate in December 2002.  Securities sold under
repurchase  agreements  increased  $4.0  million  from  September  30,  2002 and
increased  $4.7  million  from December 31, 2002.  The Company has federal funds
purchased  accommodations  with The Bankers Bank, Atlanta, Georgia, for advances
up to $15.0 million and with SunTrust Bank, Atlanta, Georgia, for advances up to
$10.0  million.  The  Company maintains repurchase lines of credit with SunTrust
Robinson  Humphrey,  Atlanta, Georgia, for advances up to $11.0 million and with
The Bankers Bank, Atlanta, Georgia, up to $10.0 million.  At September 30, 2003,
securities sold under repurchase agreements included $11.0 million in repurchase
agreements  with  SunTrust  Robinson  Humphrey, Atlanta, Georgia.  Additionally,
liquidity  needs  can  be  satisfied  by  the  structuring  of the maturities of
investment  securities  and  the  pricing  and  maturities on loans and deposits
offered  to  customers.

Shareholders'  equity to total assets was 8.3% at September 30, 2003 compared to
8.2%  at  September  30,  2002 and 8.2% at December 31, 2002. The capital of the
Company  and  the  Bank exceeded all required regulatory guidelines at September
30,  2003.  The  Company's  Tier  1  risk-based,  total  risk-based and leverage
capital  ratios  were  10.26%, 11.51%, and 8.21%, respectively, at September 30,
2003.  Table  2  which follows reflects the current regulatory capital levels in
more  detail,  including  comparisons  to  the  regulatory  minimums.

Management  is  not  aware  of  any  events or uncertainties that are reasonably
likely  to  have a material effect on the Company's liquidity, capital resources
or  operations.

Commitments  and  Contractual  Obligations
------------------------------------------

The Bank is a party to lines of credit with off-balance sheet risk in the normal
course  of  business  to  meet  the  financing needs of its customers.  Lines of
credit are unfunded commitments to extend credit.  These instruments involve, in
varying  degrees,  exposure  to  credit  and interest rate risk in excess of the
amounts  recognized  in the financial statements.  The Bank's exposure to credit
loss  in  the  event  of  nonperformance  by  the  other  party to the financial
instrument  for  unfunded  commitments to extend credit and letters of credit is
represented  by the contractual amount of those instruments.  The Bank evaluates
construction  and acquisition and development loans for the percentage completed


                                       17
<PAGE>
before  extending  additional credit.  The Bank follows the same credit policies
in  making  commitments  and  contractual  obligations as it does for on-balance
sheet  instruments.

Unfunded commitments to extend credit where contract amounts represent potential
credit risk totaled $105.8 million at September 30, 2003.  These commitments are
primarily  at  variable  interest  rates.

The  Company's  commitments  are  funded  through  internal  funding  sources of
scheduled  repayments of loans and sales and maturities of investment securities
available  for  sale  or external funding sources through acceptance of deposits
from  customers  or  borrowings  from  other  financial  institutions.

The  following table is a summary of the Company's commitments to extend credit,
commitments  under  contractual  leases  as  well  as  the  Company' contractual
obligations,  consisting  of deposits, FHLB advances, which are subject to early
termination  options,  and  borrowed  funds by contractual maturity date for the
next  five  years.

<TABLE>
<CAPTION>
    Commitments and               Due in       Due in       Due in       Due in       Due in
Contractual Obligations           1 Year       2 Years      3 Years      4 Years      5 Years
-----------------------------  ------------  -----------  -----------  -----------  -----------
<S>                            <C>           <C>          <C>          <C>          <C>
Lines of credit                $105,845,000            -            -            -            -
Lease agreements                    157,475       63,226       45,261       34,675        5,250
Deposits                        218,464,599   89,591,239   69,882,264   30,178,585   29,774,246
Securities sold under
  repurchase agreements          47,676,603            -            -            -            -
FHLB advances                     5,000,000
                               ------------  -----------  -----------  -----------  -----------
Other borrowings                    400,000            -            -            -            -
                               ------------  -----------  -----------  -----------  -----------
  Total commitments and
    contractual obligations    $377,543,677  $89,654,465  $69,927,525  $30,213,260  $29,779,496
                               ============  ===========  ===========  ===========  ===========
</TABLE>

Although management regularly monitors the balance of outstanding commitments to
fund loans to ensure funding availability should the need arise, management
believes that the risk of all customers fully drawing on all these lines of
credit at the same time is remote.

Effects of Inflation and Changing Prices
----------------------------------------

Inflation  generally  increases  the cost of funds and operating overhead and to
the  extent  loans  and  other  assets  bear  variable rates, the yields on such
assets.  Unlike  most  industrial  companies,  virtually  all  of the assets and
liabilities  of  a  financial  institution are monetary in nature.  As a result,
interest  rates generally have a more significant impact on the performance of a
financial institution than the effects of general levels of inflation.  Although
interest  rates  do  not  necessarily move in the same direction and to the same
extent  as  the  prices  of goods and services, increases in inflation generally
have  resulted in increased interest rates.  In addition, inflation can increase
a  financial  institution's  cost  of  goods and services purchased, the cost of
salaries  and  benefits,  occupancy  expense  and  similar items.  Inflation and
related  increases  in  interest  rates  generally  decrease the market value of


                                       18
<PAGE>
investments  and  loans  held  and may adversely affect liquidity, earnings, and
stockholders'  equity.  Mortgage  originations  and refinancings tend to slow as
interest  rates  increase,  and  can  reduce  the  Company's  earnings from such
activities  and  the  income  from the sale of residential mortgage loans in the
secondary  market.


                                       19
<PAGE>
<TABLE>
<CAPTION>
TABLE  1
--------

                GEORGIA BANK FINANCIAL CORPORATION AND SUBSIDIARY
                           CONSOLIDATED FINANCIAL DATA
                             (Dollars in Thousands)
                                   (Unaudited)


                                  Nine Months Ended September 30,
                              -------------------------------------
PROFITABILITY                       2003                2002
-------------                 -----------------  ------------------
<S>                           <C>                <C>
Return on average assets *                1.33%               1.14%

Return on average equity *               15.81%              13.92%

ALLOWANCE FOR LOAN LOSSES
-------------------------

Beginning balance, January 1  $          6,534   $           5,109
Provision charged to expense             1,125               1,874
Recoveries                                 462                 380
Loans charged off                        1,147               1,217
                              -----------------  ------------------
Ending balance, September 30  $          6,974   $           6,146
                              =================  ==================
</TABLE>

<TABLE>
<CAPTION>
NON-PERFORMING ASSETS        September 30, 2003   December 31, 2002   September 30, 2002
---------------------
<S>                          <C>                  <C>                 <C>
Non-accrual loans            $             2,631  $            1,897  $             2,840
Other real estate owned                        0                   0                    0
                             -------------------  ------------------  -------------------
Total non-performing assets  $             2,631  $            1,897  $             2,840
                             ===================  ==================  ===================

LOANS PAST DUE 90 DAYS OR
MORE AND STILL ACCRUING      $                 0  $               60  $                 0
                             ===================  ==================  ===================
</TABLE>

* Annualized


                                       20
<PAGE>
<TABLE>
<CAPTION>
TABLE 2
-------

                            Georgia Bank Financial Corporation
                                           and
                               Georgia Bank & Trust Company
                             Regulatory Capital Requirements
                                    September 30, 2003
                                  (Dollars in Thousands)

                                        Actual            Required           Excess
                                    Amount   Percent   Amount  Percent   Amount  Percent
                                    =================  ================  ================
Georgia Bank Financial Corporation

<S>                                 <C>      <C>       <C>     <C>       <C>     <C>
Risk-based capital:
   Tier 1 capital                   $50,539    10.26%  19,699     4.00%  30,840     6.26%
   Total capital                     56,705    11.51%  39,397     8.00%  17,308     3.51%
Tier 1 leverage ratio                50,539     8.21%  24,626     4.00%  25,913     4.21%


Georgia Bank & Trust Company

Risk-based capital:
   Tier 1 capital                   $47,851     9.75%  19,634     4.00%  28,217     5.75%
   Total capital                     53,997    11.00%  39,268     8.00%  14,729     3.00%
Tier 1 leverage ratio                47,851     7.79%  24,557     4.00%  23,294     3.79%
</TABLE>


                                       21
<PAGE>
Item  3.  Quantitative  and  Qualitative  Disclosures  About  Market  Risk

As of September 30, 2003, there were no substantial changes in the interest rate
sensitivity  analysis or the sensitivity of market value of portfolio equity for
various  changes  in  interest  rates  calculated  as of December 31, 2002.  The
foregoing  disclosures  related to the market risk of the Company should be read
in  conjunction  with  the  Company's audited consolidated financial statements,
related  notes  and  management's discussion and analysis of financial condition
and  results  of operations for the year ended December 31, 2002 included in the
Company's  2002  Annual  Report  on  Form  10-K.

Item  4.  Controls  and  Procedures

As  of  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 Operating
Officer  (who  serves  as  the  Company's  principal  financial officer), of the
effectiveness  of  the design and operation of the Company's disclosure controls
and  procedures  pursuant  to  Exchange  Act  Rule  13a-15.  Based  upon  that
evaluation,  the  Company's  Chief Executive Officer and Chief Operating 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 or, to the Company's
knowledge,  in  other  factors  that  could  significantly affect those internal
controls  subsequent  to  the  date  the Company carried out its evaluation, and
there  have  been no corrective actions with respect to significant deficiencies
and  material  weaknesses.


                                       22
<PAGE>
                                     Part II
                                OTHER INFORMATION


Item  1.  Legal  Proceedings

          There  are  no material pending legal proceedings to which the Company
          or  any  of  its  subsidiaries  is  a  party  or of which any of their
          property  is  subject.

Item  2.  Changes  in  Securities

          Not  applicable

Item  3.  Defaults  Upon  Senior  Securities

          Not  applicable

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

                  3.1  Articles  of Incorporation of the Company (incorporated
                       by  reference from the Company's registration statement
                       on  Form  SB- 2 filed August 20, 1997 (Registration No.
                       333-34037)).

                  3.2  Bylaws of the Company (Incorporated by reference to the
                       Company's  Form  10-KSB,  dated  April  29,  1994).

                  31.1 Certification  of  Chief  Executive Officer Pursuant to
                       Section  302  of  the  Sarbanes-Oxley  Act  of  2002.

                  31.2 Certification  of  Chief  Executive Officer Pursuant to
                       Section  302  of  the  Sarbanes-Oxley  Act  of  2002.

                  32.1 Certification  of  Chief  Executive  Officer  and Chief
                       Financial  Officer  Pursuant  to  Section  906  of  the
                       Sarbanes-Oxley  Act  of  2002.


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          (b)     Reports  on  Form  8-K

                         Form 8-K filed on July 23, 2003, reporting earnings for
                         the  second  quarter  of  2003 under Item 9 Pursuant to
                         instructions  contained  in Item 12 and SEC Release No.
                         33-8176  and  34-47226.


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<PAGE>
                       GEORGIA BANK FINANCIAL CORPORATION
                              Form 10-Q Signatures


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                               GEORGIA BANK FINANCIAL CORPORATION



Date:   November 14, 2003                By:     /s/ Ronald L. Thigpen
        -----------------                   ------------------------------
                                         Ronald L. Thigpen
                                         Executive Vice President, Chief
                                         Operating Officer (Duly Authorized
                                         Officer of Registrant and Principal
                                         Financial Officer)


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