<PAGE>   1
                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB


[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

       For the quarterly period ended      SEPTEMBER 30, 2000
                                       --------------------------

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

             For the transition period from            to
                                            ----------    ----------

                        COMMISSION FILE NUMBER: 333-19081

                                GBC Bancorp, Inc.
    -------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


           Georgia                                     58-2265327
-------------------------------                    -------------------
(State or other jurisdiction of                      (IRS Employer
incorporation or organization)                     Identification No.)


                  165 NASH STREET, LAWRENCEVILLE, GEORGIA 30045
                 ----------------------------------------------
                    (Address of principal executive offices)

                                 (770) 995-0000
                           ---------------------------
                           (Issuer's telephone number)

                                       N/A
     ---------------------------------------------------------------------
     (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
    -------          ---------


State the number of shares outstanding of each of the issuer's classes of common
equity, as of November 1, 2000: 951,580; $1 par value

Transitional Small Business Disclosure Format     Yes              No     X
                                                      -------          -------




<PAGE>   2


                        GBC BANCORP, INC. AND SUBSIDIARY


================================================================================


                                      INDEX


<TABLE>
                                                                                           PAGE
                                                                                           ----

<S>       <C>                                                                              <C>
PART I.   FINANCIAL INFORMATION

          ITEM 1.  FINANCIAL STATEMENTS

             CONSOLIDATED BALANCE SHEET - SEPTEMBER 30, 2000................................3

             CONSOLIDATED STATEMENTS OF INCOME AND
              COMPREHENSIVE INCOME - THREE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
              AND NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999.............................4

             CONSOLIDATED STATEMENTS OF CASH FLOWS - NINE
              MONTHS ENDED SEPTEMBER 30, 2000 AND 1999......................................5

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.....................................6

          ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                     FINANCIAL CONDITION AND RESULTS OF OPERATIONS..........................7


PART II.  OTHER INFORMATION

          ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS......................14

          ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K.........................................14

          SIGNATURES........................................................................15
</TABLE>


                                       2
<PAGE>   3


                         PART I - FINANCIAL INFORMATION
                              FINANCIAL STATEMENTS

                        GBC BANCORP, INC. AND SUBSIDIARY

                           CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 2000
                                   (UNAUDITED)

                      ASSETS

<TABLE>
<S>                                                               <C>
Cash and due from banks                                           $    338,308
Federal funds sold                                                  18,020,000
Securities available-for-sale, at fair value                         8,890,425

Loans                                                               65,951,808
Less allowance for loan losses                                         998,129
                                                                  ------------
        Loans, net                                                  64,953,679

Premises and equipment                                                 465,905
Other assets                                                         1,842,759
                                                                  ------------

        TOTAL ASSETS                                              $ 94,511,076
                                                                  ============


                  LIABILITIES AND STOCKHOLDERS' EQUITY

DEPOSITS
  Demand                                                          $ 11,539,954
  Interest-bearing demand                                            9,034,800
  Savings                                                            7,201,246
  Time                                                              57,001,659
                                                                  ------------
        TOTAL DEPOSITS                                              84,777,659
Other liabilities                                                      660,563
                                                                  ------------
        TOTAL LIABILITIES                                           85,438,222
                                                                  ------------

COMMITMENTS AND CONTINGENT LIABILITIES

STOCKHOLDERS' EQUITY
  Common stock, par value $1; 3,000,000 shares authorized;
   951,580 shares issued and outstanding                               951,580
  Capital surplus                                                    8,540,327
  Accumulated deficit                                                 (262,529)
  Accumulated other comprehensive loss                                (156,524)
                                                                  ------------
        TOTAL STOCKHOLDERS' EQUITY                                   9,072,854
                                                                  ------------

        TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                $ 94,511,076
                                                                  ============
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


                                       3
<PAGE>   4

                        GBC BANCORP, INC. AND SUBSIDIARY

           CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
               THREE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999 AND
                  NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                        THREE MONTHS ENDED               NINE MONTHS ENDED
                                                         SEPTEMBER 30,                     SEPTEMBER 30,
                                                  ---------------------------       ---------------------------
                                                     2000             1999             2000             1999
                                                  ----------      -----------       ----------      -----------
<S>                                               <C>             <C>               <C>             <C>
INTEREST INCOME
   Loans                                          $1,848,929      $ 1,070,573       $4,863,258      $ 2,811,722
   Taxable securities                                147,758           99,564          433,743          224,559
   Federal funds sold                                284,230           61,803          421,915          145,403
                                                  ----------      -----------       ----------      -----------
           TOTAL INTEREST INCOME                   2,280,917        1,231,940        5,718,916        3,181,684
                                                  ----------      -----------       ----------      -----------


INTEREST EXPENSE
   Deposits                                        1,106,975          405,371        2,512,669          978,801
   Federal funds purchased                                --               --            4,692               --
                                                  ----------      -----------       ----------      -----------
           TOTAL INTEREST EXPENSE                  1,106,975          405,371        2,517,361          978,801
                                                  ----------      -----------       ----------      -----------

           NET INTEREST INCOME                     1,173,942          826,569        3,201,555        2,202,883
PROVISION FOR LOAN LOSSES                            117,582           63,200          375,651          187,621
                                                  ----------      -----------       ----------      -----------
           NET INTEREST INCOME AFTER
            PROVISION FOR LOAN LOSSES              1,056,360          763,369        2,825,904        2,015,262
                                                  ----------      -----------       ----------      -----------

OTHER INCOME
   Service charges on deposit accounts                31,084           16,808           87,019           45,461
   Other income                                       20,781           19,999          125,887           90,405
                                                  ----------      -----------       ----------      -----------
                                                      51,865           36,807          212,906          135,866
                                                  ----------      -----------       ----------      -----------

OTHER EXPENSES
    Salaries and employee benefits                   443,255          323,621        1,293,761          972,189
    Equipment and occupancy expenses                 185,702          149,160          536,457          436,973
    Other operating expenses                         167,775          136,524          481,911          403,099
                                                  ----------      -----------       ----------      -----------
                                                     796,732          609,305        2,312,129        1,812,261
                                                  ----------      -----------       ----------      -----------

           NET INCOME BEFORE INCOME TAXES            311,493          190,871          726,681          338,867

INCOME TAX EXPENSE                                        --               --               --               --
                                                  ----------      -----------       ----------      -----------

            NET INCOME                               311,493          190,871          726,681          338,867
                                                  ----------      -----------       ----------      -----------

OTHER COMPREHENSIVE INCOME (LOSS):
   Unrealized gains (losses) on securities
    available-for-sale arising during period         138,205          (55,152)         102,266         (200,747)
                                                  ----------      -----------       ----------      -----------

            COMPREHENSIVE INCOME                  $  449,698      $   135,719       $  828,947      $   138,120
                                                  ==========      ===========       ==========      ===========

BASIC AND DILUTED EARNINGS PER COMMON SHARE       $     0.33      $      0.20       $     0.76      $      0.36
                                                  ==========      ===========       ==========      ===========

WEIGHTED AVERAGE SHARES OUTSTANDING
   (BASIC AND DILUTED)                               951,580          950,080          951,580          950,080
                                                  ==========      ===========       ==========      ===========

CASH DIVIDENDS PER SHARE OF COMMON STOCK          $       --      $        --       $       --      $        --
                                                  ==========      ===========       ==========      ===========
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


                                       4
<PAGE>   5



                        GBC BANCORP, INC. AND SUBSIDIARY

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                  NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                                             2000               1999
                                                                        ------------       ------------
<S>                                                                     <C>                <C>
OPERATING ACTIVITIES
    Net income                                                          $    726,681       $    338,867
    Adjustments to reconcile net income to net
      cash provided by operating activities:
      Depreciation                                                           181,050            158,023
      Provision for loan losses                                              375,651            187,621
      Gain on sales of other real estate owned                               (12,387)                --
      Increase in interest receivable                                       (242,534)           (98,269)
      Increase in interest payable                                           296,852              9,638
      Other operating activities                                              50,318            (74,668)
                                                                        ------------       ------------

        Net cash provided by  operating activities                         1,375,631            521,212
                                                                        ------------       ------------

INVESTING ACTIVITIES
  Purchases of securities available-for-sale                              (1,951,166)        (6,598,532)
  Proceeds from maturities of securities available-for-sale                       --          3,500,000
  Net increase Federal funds sold                                        (11,370,000)        (4,470,000)
  Net increase in loans                                                  (22,839,590)       (11,934,721)
  Proceeds from sales of other real estate owned                           1,092,296                 --
  Purchase of premises and equipment                                        (155,327)           (75,302)
                                                                        ------------       ------------

     Net cash used in investing activities                               (35,223,787)       (19,578,555)
                                                                        ------------       ------------

FINANCING ACTIVITIES
  Net increase in deposits                                                30,993,817         19,649,929
                                                                        ------------       ------------

     Net cash provided by financing activities                            30,993,817         19,649,929
                                                                        ------------       ------------

Net increase (decrease) in cash and due from banks                        (2,854,339)           592,586

Cash and due from banks at beginning of period                             3,192,647          1,600,046
                                                                        ------------       ------------

Cash and due from banks at end of period                                $    338,308       $  2,192,632
                                                                        ============       ============

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

     Cash paid for interest                                             $  2,220,509       $    969,163

NONCASH TRANSACTIONS
      Unrealized (gains) losses on securities available-for-sale        $   (102,266)      $    200,747

      Principal balances of loans transferred to other real estate      $  1,121,909       $         --
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


                                       5
<PAGE>   6


                        GBC BANCORP, INC. AND SUBSIDIARY
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)




NOTE 1.  NATURE OF BUSINESS AND BASIS OF PRESENTATION


         The consolidated financial information for GBC Bancorp, Inc. (the
         "Company") included herein is unaudited; however, such information
         reflects all adjustments (consisting solely of normal recurring
         adjustments) which are, in the opinion of management, necessary for a
         fair statement of results for the interim period.

         The results of operations for the three and nine month periods ended
         September 30, 2000 are not necessarily indicative of the results to be
         expected for the full year.


NOTE 2.  CURRENT ACCOUNTING DEVELOPMENTS

         In June 1998, the Financial Accounting Standards Board issued SFAS No.
         133, "Accounting for Derivative Instruments and Hedging Activities".
         The effective date of this statement has been deferred by SFAS No. 137
         until fiscal years beginning after June 15, 2000. However, the
         statement permits early adoption as of the beginning of any fiscal
         quarter after its issuance. The Company expects to adopt this statement
         effective January 1, 2001. SFAS No. 133 requires the Company to
         recognize all derivatives as either assets or liabilities in the
         balance sheet at fair value. For derivatives that are not designated as
         hedges, the gain or loss must be recognized in earnings in the period
         of change. For derivatives that are designated as hedges, changes in
         the fair value of the hedged assets, liabilities, or firm commitments
         must be recognized in earnings or recognized in other comprehensive
         income until the hedged item is recognized in earnings, depending on
         the nature of the hedge. The ineffective portion of a derivative's
         change in fair value must be recognized in earnings immediately.
         Management does not believe the adoption of SFAS No. 133 will have a
         material effect on the Company's earnings or financial position.

         There are no other recent accounting pronouncements that have had, or
         are expected to have, a material effect on the Company's financial
         statements.


                                       6
<PAGE>   7



                        GBC BANCORP, INC. AND SUBSIDIARY


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

         The following is management's discussion and analysis of certain
         significant factors which have affected the financial position and
         operating results of the Company and its bank subsidiary, Gwinnett
         Banking Company (the "Bank"), during the periods included in the
         accompanying consolidated financial statements.

         FORWARD-LOOKING STATEMENTS

         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 and its reports to
         stockholders. Statements made, 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, interest rate risk management, the effects of competition in
         the banking business from other commercial banks, thrifts, mortgage
         banking firms, consumer finance companies, credit unions, securities
         brokerage firms, insurance companies, money market 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.

         LIQUIDITY AND CAPITAL RESOURCES

         As of September 30, 2000, the liquidity ratio of the Company, as
         determined under guidelines established by regulatory authorities, was
         satisfactory. Management considers the Company's liquidity to be
         adequate to meet operating and loan funding requirements. The liquidity
         ratio (i.e. cash, short-term assets and marketable assets divided by
         deposits) for the Company was approximately 32%. As the Company grows,
         management will continue to monitor liquidity and make adjustments as
         deemed necessary.


                                       7
<PAGE>   8



         At September 30, 2000, the capital ratios of the Company and the Bank
         were adequate based on regulatory minimum capital requirements. The
         minimum capital requirements and the actual capital ratios for the
         Company and the Bank are as follows:

<TABLE>
<CAPTION>
                                                       ACTUAL
                                                  -------------------
                                                    GBC      GWINNETT   REGULATORY
                                                  BANCORP,    BANKING     MINIMUM
                                                    INC.      COMPANY   REQUIREMENT
                                                  --------   --------   -----------

               <S>                                <C>        <C>        <C>
               Leverage capital ratios             10.29%       9.97%      4.00%
               Risk-based capital ratios:
                  Core capital                     12.88       12.48       4.00
                  Total capital                    14.13       13.73       8.00
</TABLE>

         As the Company continues to grow and the loan portfolio increases, the
         capital ratios will decrease to levels closer to, but still in excess
         of regulatory minimum requirements.


                                       8
<PAGE>   9




FINANCIAL CONDITION

Following is a summary of the Company's balance sheets for the periods
indicated:

<TABLE>
<CAPTION>
                                  SEPTEMBER 30,      DECEMBER 31,
                                      2000                1999              INCREASE (DECREASE)
                               -----------------    ---------------   ------------------------------
                                      (DOLLARS IN THOUSANDS)              AMOUNT            PERCENT
                               ------------------------------------   -------------         --------

<S>                            <C>                 <C>                <C>                   <C>
Cash and due from banks        $            338    $          3,193   $      (2,855)        (89.41)%
Federal funds sold                       18,020               6,650          11,370         170.98
Securities                                8,890               6,837           2,053          30.03
Loans, net                               64,954              43,612          21,342          48.94
Equipment                                   466                 491             (25)         (5.09)
Other assets                              1,843               1,549             294          18.98
                               ----------------    ----------------   -------------
                               $         94,511    $         62,332   $      32,179          51.63
                               ================    ================   =============

Deposits                       $         84,778    $         53,784   $      30,994          57.63%
Other liabilities                           660                 304             356         117.11
Stockholders' equity                      9,073               8,244             829          10.06
                               ----------------    ----------------   -------------
                               $         94,511    $         62,332   $      32,179          51.63
                               ================    ================   =============
</TABLE>


As indicated in the above table, the Company's total assets grew at a rate of
51.63%. Deposit growth of $30,994,000 and reduced levels of cash were invested
in loans, securities, and Federal funds sold. The Company's loan to deposit
ratio has decreased from 82.34% at December 31, 1999 to 77.79% at September 30,
2000, indicating that deposit growth associated with higher rates paid on
deposits has outpaced the loan demand in the Company's primary market area of
Gwinnett County, Georgia. Stockholders' equity has increased by $829,000 due to
net income of $727,000 and decreased unrealized losses on securities
available-for-sale of $102,000.

The Company has received approval from its regulatory authorities to open branch
banking facilities in Alpharetta, Georgia. Management expects to begin branch
operations by December 1, 2000. The Company has entered into a five year lease
agreement to lease the facilities at a monthly cost of approximately $9,100. The
Company anticipates expending approximately $500,000 for leasehold improvements
and other equipment.


                                       9
<PAGE>   10



RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999 AND
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999

Following is a summary of the Company's operations for the periods indicated.

<TABLE>
<CAPTION>
                                          THREE MONTHS ENDED
                                             SEPTEMBER 30,
                                  ------------------------------------
                                         2000               1999                INCREASE (DECREASE)
                                  -----------------  -----------------  --------------------------------
                                         (DOLLARS IN THOUSANDS)               AMOUNT             PERCENT
                                  ------------------------------------  -----------------       --------
<S>                               <C>                <C>                <C>                     <C>
Interest income                   $          2,281   $          1,232   $          1,049          85.15%
Interest expense                             1,107                405                702         173.08
                                  -----------------  -----------------  ---------------
Net interest income                          1,174                827                347          42.03
Provision for loan losses                      118                 63                 55          86.05
Other income                                    52                 37                 15          40.91
Other expense                                  797                610                187          30.76
                                  ----------------  -----------------   ---------------
Net income                        $            311   $            191   $            120          63.20%
                                  ================  =================   ===============
</TABLE>

<TABLE>
<CAPTION>
                                           NINE MONTHS ENDED
                                             SEPTEMBER 30,
                                  -----------------------------------
                                         2000               1999                INCREASE (DECREASE)
                                  ----------------   ----------------   ----------------------------------
                                          (DOLLARS IN THOUSANDS)              AMOUNT             PERCENT
                                  -----------------------------------   ----------------        ----------

<S>                               <C>                <C>                <C>                      <C>
Interest income                   $          5,719   $          3,182   $          2,537          79.74%
Interest expense                             2,517                979              1,538         157.19
                                  ----------------   ----------------   ----------------
Net interest income                          3,202              2,203                999          45.33
Provision for loan losses                      376                188                188         100.22
Other income                                   213                136                 77          56.70
Other expense                                2,312              1,812                500          27.58
                                  ----------------   ----------------   ----------------
Net income                        $            727   $            339   $            388         114.44%
                                  ================   ================   ================
</TABLE>

The Company's net interest income increased by $347,000 and $999,000 for the
third quarter and first nine months of 2000 as compared to the same periods in
1999. The Company's net interest margin decreased to 6.01% during the first nine
months of 2000 as compared to 7.36% for the first nine months of 1999 and 7.21%
for the entire year of 1999. The increase in the net interest income is due
primarily to the increased volume of average loans and related loan fees. The
decrease in the net interest margin is due to the increase of securities and
Federal funds sold as components of total interest-earning assets which yield
less than loans, coupled with the increase in rates paid on deposits. The
average rate paid on deposits was 5.74% for the first nine months of 2000 as
compared to 4.82% for the first nine months of 1999 and 4.96% for the entire
year of 1999.


                                       10
<PAGE>   11


The provision for loan losses increased by $55,000 and $188,000 for the third
quarter and first nine months of 2000 as compared to the same periods in 1999.
The increase is due to a combination of increased net charge-offs of $44,000 and
overall loan growth, as well as inherent risk in the loan portfolio. Management
does not believe the increases in net charge-offs indicate any significant
negative trend in the overall credit quality of the loan portfolio. The
Company's allowance for loan losses as a percentage of total loans amounted to
1.51% at September 30, 2000 as compared to 1.52% at December 31, 1999. The
allowance for loan losses is maintained at a level that is deemed appropriate by
management to adequately cover all known and inherent risks in the loan
portfolio. Management's evaluation of the loan portfolio includes a continuing
review of loan loss experience, current economic conditions which may affect the
borrower's ability to repay and the underlying collateral value.

Information with respect to nonaccrual, past due and restructured loans is as
follows:

<TABLE>
<CAPTION>
                                                                                       SEPTEMBER 30,
                                                                          ----------------------------------------
                                                                                2000                  1999
                                                                          ------------------   -------------------
                                                                                  (DOLLARS IN THOUSANDS)
                                                                          ----------------------------------------

<S>                                                                       <C>                  <C>
Nonaccrual loans                                                          $               0    $                0
Loans contractually past due ninety days or more as to interest
   or principal payments and still accruing                                               0                     0
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 nonaccrual
   and restructured loans under original terms                                            2                     0
Interest income that was recorded on nonaccrual and restructured loans                    0                     0
</TABLE>

It is the policy of the Bank to discontinue the accrual of interest income when,
in the opinion of management, collection of such interest becomes doubtful. This
status is accorded such interest when (1) there is a significant deterioration
in the financial condition of the borrower and full repayment of principal and
interest is not expected and (2) the principal or interest is more than ninety
days past due, unless the loan is both well-secured and in the process of
collection.

Loans classified for regulatory purposes as loss, doubtful, substandard, or
special mention that have not been included in the table above do not represent
or result from trends or uncertainties which management reasonably expects will
materially impact future operating results, liquidity, or capital resources.
These classified loans do not represent material credits about which management
is aware of any information which causes management to have serious doubts as to
the ability of such borrowers to comply with the loan repayment terms.


                                       11
<PAGE>   12


Information regarding certain loans and allowance for loan loss data is as
follows:

<TABLE>
<CAPTION>
                                                                                       NINE MONTHS ENDED
                                                                                         SEPTEMBER 30,
                                                                              -----------------------------------
                                                                                    2000                 1999
                                                                              -----------------   ---------------
                                                                                     (DOLLARS IN THOUSANDS)
                                                                              -----------------------------------
<S>                                                                           <C>                <C>
Average amount of loans outstanding                                           $         53,739   $         31,126
                                                                              ================   ================

Balance of allowance for loan losses at beginning of period                   $            674   $            373
                                                                              ----------------   ----------------

Loans charged off
   Commercial and financial                                                   $             42   $              0
   Real estate construction                                                                 10                  0
   Instalment                                                                                0                  0
   Other                                                                                     0                  8
                                                                              ----------------   ----------------
                                                                                            52                  8
                                                                              ----------------   ----------------

Loans recovered
   Commercial and financial                                                                  0                  0
   Real estate construction                                                                  0                  0
   Instalment                                                                                0                  0
                                                                              ----------------   ----------------
                                                                                             0                  0
                                                                              ----------------   ----------------

Net charge-offs                                                                             52                  8
                                                                              ----------------   ----------------

Additions to allowance charged to
   operating expense during period                                                         376                188
                                                                              ----------------   ----------------

Balance of allowance for loan losses at end of period                         $            998   $            553
                                                                              ================   ================

Ratio of net loans charged off during the period to
   average loans outstanding                                                              .10%               .03%
                                                                              ================   ================
</TABLE>

Other income increased by $15,000 and $77,000 for the third quarter and first
nine months of 2000 as compared to the same periods in 1999, due to increased
service charges on deposit accounts associated with the overall deposit growth
and other miscellaneous fees.

Other expenses increased by $187,000 and $500,000 for the third quarter and
first nine months of 2000 as compared to the same periods in 1999. Salaries and
employee benefits have increased by $120,000 and $322,000 during these periods
due to an increase in the number of full time equivalent employees to 26 as of
September 30, 2000 from 23 as of September 30, 1999 and to normal salary
increases. Equipment and occupancy expenses have increased by $36,000 and
$99,000 during these periods due to increased building lease expense, equipment
depreciation, and service contracts. Other operating expenses have increased by
$31,000 and $79,000 during these periods due to the overall growth of the
Company.


                                       12
<PAGE>   13



The Company has recorded no provision for income taxes due to cumulative net
operating losses.

The Company is not aware of any known trends, events or uncertainties, other
than the effect of events as described above, that will have or that are
reasonably likely to have a material effect on its liquidity, capital resources
or operations. The Company is also not aware of any current recommendations by
the regulatory authorities which, if they were implemented, would have such an
effect.


                                       13
<PAGE>   14




                           PART II - OTHER INFORMATION




ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

                  (a)     The annual meeting of the stockholders of the Company
                          was held on August 15, 2000.

                  (b)     The following directors were selected at the meeting
                          to serve terms for the upcoming year:

                          James B. Ballard             Douglas A. Langley
                          Jerry M. Boles               Norris J. Nash
                          W. H. Britt                  Joseph J. Powell
                          Richard F. Combs             William S. Stanton, Jr.
                          William G. Hayes             Larry D. Key

                          The shares represented at the meeting (680,987 or
                          71.56%) voted as follows:

<TABLE>
<CAPTION>
                                                     ITEM (B)
                                                       # OF
                                                      SHARES
                                                     --------
<S>                                                  <C>
For                                                   680,987
Against                                                     -
Abstained                                                   -
                                                     --------

Total                                                 680,987
                                                     ========
</TABLE>


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

         (a)     Exhibits.

                 27.      Financial Data Schedule (for SEC use only).

         (b)     Reports on Form 8-K.

                 None.


                                       14
<PAGE>   15



                                   SIGNATURES




                  In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.


                                GBC BANCORP, INC.
                                  (Registrant)




DATE:  November 10, 2000      BY:  /s/ Larry D. Key
       -----------------      --------------------------------------------------
                                    Larry D. Key, President
                                    (Principal Executive Officer)


DATE: November 10, 2000       BY: /s/ John Hopkins
      -----------------       --------------------------------------------------
                                    John Hopkins, Chief Financial Officer
                                    (Principal Financial and Accounting Officer)


                                       15