10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended March 31, 2014

OR

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

Commission File Number: 001-13901

AMERIS BANCORP

(Exact name of registrant as specified in its charter)

GEORGIA	58-1456434
(State of incorporation)	(IRS Employer ID No.)

310 FIRST STREET, S.E., MOULTRIE, GA 31768

(Address of principal executive offices)

(229) 890-1111

(Registrant’s telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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  ¨

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Securities Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨ (Do not check if smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act).    Yes  ¨    No  x

There were 25,158,183 shares of Common Stock outstanding as of April 30, 2014.

AMERIS BANCORP

TABLE OF CONTENTS

		Page
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements
	Consolidated Balance Sheets at March 31, 2014, December 31, 2013 and March 31, 2013		3
	Consolidated Statements of Earnings and Comprehensive Income for the Three Months Ended March 31, 2014 and 2013		4
	Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31, 2014 and 2013		5
	Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2014 and 2013		6
	Notes to Consolidated Financial Statements		7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		52
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		64
Item 4.	Controls and Procedures		64
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings		65
Item 1A.	Risk Factors		65
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		65
Item 3.	Defaults Upon Senior Securities		65
Item 4.	Mine Safety Disclosures		65
Item 5.	Other Information		65
Item 6.	Exhibits		65
Signatures			65

2

Item 1. Financial Statements

AMERIS BANCORP AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Dollars in Thousands)

	March 31, 2014			December 31, 2013			March 31, 2013
	(Unaudited)			(Audited)			(Unaudited)
Assets
Cash and due from banks	$	71,387		$	62,955		$	50,487
Federal funds sold and interest-bearing accounts		48,677			204,984			81,205
Investment securities available for sale, at fair value		456,713			486,235			324,029
Other investments		9,322			16,828			5,528
Mortgage loans held for sale		51,693			67,278			42,332
Loans, net of unearned income		1,695,382			1,618,454			1,492,753
Purchased loans not covered by FDIC loss share agreements (“purchased non-covered loans”)		437,269			448,753			—
Purchased loans covered by FDIC loss share agreements (“covered loans”)		372,694			390,237			460,724
Less: allowance for loan losses		22,744			22,377			23,382
Loans, net		2,482,601			2,435,067			1,930,095
Other real estate owned		33,839			33,351			40,434
Purchased, non-covered other real estate owned		3,864			4,276			—
Covered other real estate owned		42,636			45,893			77,915
Total other real estate owned		80,339			83,520			118,349
Premises and equipment, net		87,430			103,188			72,340
FDIC loss-share receivable		53,181			65,441			160,979
Intangible assets		5,477			6,009			2,676
Goodwill		35,049			35,049			956
Cash value of bank owned life insurance		49,738			49,432			45,832
Other assets		56,377			51,663			26,843
Total assets	$	3,487,984		$	3,667,649		$	2,861,651
Liabilities and Stockholders’ Equity
Liabilities
Deposits:
Noninterest-bearing	$	698,866		$	668,531		$	490,961
Interest-bearing		2,311,781			2,330,700			1,999,012
Total deposits		3,010,647			2,999,231			2,489,973
Securities sold under agreements to repurchase		49,974			83,516			22,919
Other borrowings		59,677			194,572			—
Other liabilities		12,028			18,165			22,768
Subordinated deferrable interest debentures		55,628			55,466			42,269
Total liabilities		3,187,954			3,350,950			2,577,929
Commitments and contingencies
Stockholders’ Equity
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0, 28,000 and 28,000 shares issued and outstanding		—			28,000			27,753
Common stock, par value $1; 100,000,000 shares authorized; 26,535,571, 26,461,769 and 25,238,635 shares issued		26,536			26,462			25,239
Capital surplus		190,513			189,722			165,078
Retained earnings		92,055			83,991			70,554
Accumulated other comprehensive income (loss)		2,374			(294	)		6,274
Treasury stock, at cost, 1,376,498, 1,363,342 and 1,362,955 shares		(11,448	)		(11,182	)		(11,176	)
Total stockholders’ equity		300,030			316,699			283,722
Total liabilities and stockholders’ equity	$	3,487,984		$	3,667,649		$	2,861,651

See notes to unaudited consolidated financial statements

3

AMERIS BANCORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME

(dollars in thousands, except per share data)

(Unaudited)

	Three Months Ended March 31,
	2014			2013
Interest income
Interest and fees on loans	$	34,469		$	28,716
Interest on taxable securities		2,985			1,697
Interest on nontaxable securities		335			375
Interest on deposits in other banks		79			85
Interest on federal funds sold		5			—
Total interest income		37,873			30,873
Interest expense
Interest on deposits		2,183			2,226
Interest on other borrowings		1,206			309
Total interest expense		3,389			2,535
Net interest income		34,484			28,338
Provision for loan losses		1,726			2,923
Net interest income after provision for loan losses		32,758			25,415
Noninterest income
Service charges on deposit accounts		5,586			4,837
Mortgage origination fees		5,068			4,464
Other service charges, commissions and fees		652			329
Gain on sale of securities		6			172
Other		1,442			1,558
Total noninterest income		12,754			11,360
Noninterest expense
Salaries and employee benefits		17,394			13,806
Occupancy and equipment expense		4,064			2,931
Advertising and marketing expense		710			255
Amortization of intangible assets		533			364
Data processing and communications costs		3,454			2,570
Other operating expenses		7,084			8,958
Total noninterest expense		33,239			28,884
Income before income tax expense		12,273			7,891
Applicable income tax expense		3,923			2,606
Net income		8,350			5,285
Preferred stock dividends		286			441
Net income available to common stockholders		8,064			4,844
Other comprehensive income (loss)
Unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax		2,938			(429	)
Reclassification adjustment for gains included in net income, net of tax		(4	)		(112	)
Unrealized gain (loss) on cash flow hedges arising during period , net of tax		(266	)		209
Other comprehensive income (loss)		2,668			(332	)
Comprehensive income	$	11,018		$	4,953
Basic and diluted earnings per share	$	0.32		$	0.20
Weighted average common shares outstanding
Basic		25,144			23,868
Diluted		25,573			24,246

See notes to unaudited consolidated financial statements

4

AMERIS BANCORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

(dollars in thousands, except per share data)

(Unaudited)

	Three Months Ended						Three Months Ended
	March 31, 2014						March 31, 2013
	Shares			Amount			Shares			Amount
PREFERRED STOCK
Balance at beginning of period		28,000		$	28,000			28,000		$	27,662
Repurchase of preferred stock		(28,000	)		(28,000	)		—			—
Accretion of fair value of warrant		—			—			—			91
Balance at end of period		—		$	—			28,000		$	27,753
COMMON STOCK
Balance at beginning of period		26,461,769		$	26,462			25,154,818		$	25,155
Issuance of restricted shares		68,047			68			81,400			81
Proceeds from exercise of stock options		5,755			6			2,417			3
Balance at end of period		26,535,571		$	26,536			25,238,635		$	25,239
CAPITAL SURPLUS
Balance at beginning of period				$	189,722					$	164,949
Stock-based compensation					795						197
Issuance of restricted shares					(68	)					(81	)
Proceeds from exercise of stock options					64						13
Balance at end of period				$	190,513					$	165,078
RETAINED EARNINGS
Balance at beginning of period				$	83,991					$	65,710
Net income					8,350						5,284
Dividends on preferred shares					(286	)					(349	)
Accretion of fair value warrant					—						(91	)
Balance at end of period				$	92,055					$	70,554
ACCUMULATED OTHER COMPREHENSIVE INCOME, NET OF TAX
Unrealized gains on securities and derivatives:
Balance at beginning of period				$	(294	)				$	6,607
Other comprehensive income (loss) during the period					2,668						(333	)
Balance at end of period				$	2,374					$	6,274
TREASURY STOCK
Balance at beginning of period		(1,363,342	)	$	(11,182	)		(1,355,050	)	$	(11,066	)
Purchase of treasury shares		(13,156	)		(266	)		(7,905	)		(110	)
Balance at end of period		(1,376,498	)	$	(11,448	)		(1,362,955	)	$	(11,176	)
TOTAL STOCKHOLDERS’ EQUITY				$	300,030					$	283,722

See notes to unaudited consolidated financial statements.

5

AMERIS BANCORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in Thousands)

(Unaudited)

	Three Months Ended March 31,
	2014			2013
Cash flows from operating activities:
Net income	$	8,350		$	5,285
Adjustments reconciling net income to net cash provided by operating activities:
Depreciation		1,871			1,246
Stock based compensation expense		795			197
Net (gains) losses on sale or disposal of premises and equipment		(18	)		6
Net gains on securities available for sale		(6	)		(172	)
Net losses or write-downs on sale of other real estate owned		921			3,047
Provision for loan losses		1,726			2,923
Amortization of intangible assets		532			364
Net change in mortgage loans held for sale		15,585			6,454
Other prepaids, deferrals and accruals, net		2,489			11,570
Net cash provided by operating activities		32,245			30,920
Cash flows from investing activities, net of effects of business combinations:
Net decrease (increase) in federal funds sold and interest-bearing deposits		156,307			112,472
Proceeds from maturities of securities available for sale		11,834			20,746
Purchase of securities available for sale		(46,690	)		(25,328	)
Purchase of bank owned life insurance		—			(28,674	)
Decrease in restricted equity securities, net		7,506			1,304
Proceeds from sales of securities available for sale		68,899			26,802
Net change in loans		(56,807	)		(13,805	)
Proceeds from sales of other real estate owned		8,932			10,140
Proceeds from sales of premises and equipment		55			713
(Increase) decrease in FDIC indemnification asset		12,260			(1,255	)
Purchases of premises and equipment		(464	)		(1,470	)
Net cash provided by investing activities		161,832			101,645
Cash flows from financing activities, net of effects of business combinations:
Net (decrease) increase in deposits		11,416			(134,690	)
Net decrease in securities sold under agreements to repurchase		(33,542	)		(27,201	)
Proceeds from other borrowings		29,963			—
Repayment of other borrowings		(165,000	)		—
Redemption of preferred stock		(28,000	)		—
Dividends paid—preferred stock		(286	)		(349	)
Purchase of treasury shares		(266	)		(110	)
Proceeds from exercise of stock options		70			16
Net cash used in financing activities		(185,645	)		(162,334	)
Net decrease in cash and due from banks		8,432			(29,769	)
Cash and due from banks at beginning of period		62,955			80,256
Cash and due from banks at end of period	$	71,387		$	50,487
SUPPLEMNTAL DISCLOSURES OF NON-CASH INFORMATION
Cash paid during the period for:
Interest	$	3,463		$	2,805
Income taxes	$	—		$	780
Loans transferred to other real estate owned	$	7,547		$	15,541

See notes to unaudited consolidated financial statements

6

AMERIS BANCORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2014

(Unaudited)

NOTE 1 – BASIS OF PRESENTATION AND ACCOUNTING POLICIES

Ameris Bancorp (the “Company” or “Ameris”) is a financial holding company headquartered in Moultrie, Georgia. Ameris conducts substantially all of its operations through its wholly owned banking subsidiary, Ameris Bank (the “Bank”). At March 31, 2014 the Bank operated 68 branches in select markets in Georgia, Alabama, Florida and South Carolina. Our business model capitalizes on the efficiencies of a large financial services company while still providing the community with the personalized banking service expected by our customers. We manage our Bank through a balance of decentralized management responsibilities and efficient centralized operating systems, products and loan underwriting standards. The Company’s Board of Directors and senior managers establish corporate policy, strategy and administrative policies. Within our established guidelines and policies, the banker closest to the customer responds to the differing needs and demands of his or her unique market.

The accompanying unaudited consolidated financial statements for Ameris have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. The interim consolidated financial statements included herein are unaudited but reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods presented. All significant intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the period ended March 31, 2014 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto and the report of our registered independent public accounting firm included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

Newly Adopted Accounting Pronouncements

ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors (“ASU 2014-04”). ASU 2014-04 clarifies when a creditor should reclassify mortgage loans collateralized by residential real estate from loans to other real estate owned. It defines when an in-substance repossession or foreclosure has occurred and when a creditor is considered to have received physical possession of residential real estate collateralizing a mortgage loan. ASU 2014-04 is effective for fiscal years beginning after December 31, 2014, and early adoption is permitted. It can be applied either prospectively or using a modified retrospective transition method. The Company is evaluating the impact this standard may have on the Company’s results of operations, financial position or disclosures.

ASU 2013-11 – Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, if a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of these revisions did not have a material impact on the Company’s results of operations, financial position or disclosures.

7

Fair Value of Financial Instruments

The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair value is based on discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The accounting standard for disclosures about the fair value of financial instruments excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

The fair value hierarchy describes three levels of inputs that may be used to measure fair value:

Level 1—Quoted prices in active markets for identical assets or liabilities.

Level 2—Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments and other accounts recorded based on their fair value:

Cash, Due From Banks, Interest-Bearing Deposits in Banks and Federal Funds Sold: The carrying amount of cash, due from banks and interest-bearing deposits in banks and federal funds sold approximates fair value.

Investment Securities Available for Sale: The fair value of securities available for sale is determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Level 2 securities include mortgage-backed securities issued by government sponsored enterprises and municipal bonds. The Level 2 fair value pricing is provided by an independent third-party and is based upon similar securities in an active market. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include certain residual municipal securities and other less liquid securities.

Other Investments: Federal Home Loan Bank (“FHLB”) stock is included in other investment securities at its original cost basis, as cost approximates fair value and there is no ready market for such investments.

Mortgage Loans Held for Sale: The fair value of mortgage loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and are classified within Level 2 of the valuation hierarchy.

Loans: The carrying amount of variable-rate loans that reprice frequently and have no significant change in credit risk approximates fair value. The fair value of fixed-rate loans is estimated based on discounted contractual cash flows, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The fair value of impaired loans is estimated based on discounted contractual cash flows or underlying collateral values, where applicable. A loan is determined to be impaired if the Company believes it is probable that all principal and interest amounts due according to the terms of the note will not be collected as scheduled. The fair value of impaired loans is determined in accordance with ASC 310-10, Accounting by Creditors for Impairment of a Loan, and generally results in a specific reserve established through a charge to the provision for loan losses. Losses on impaired loans are charged to the allowance when management believes the uncollectability of a loan is confirmed. Management has determined that the majority of impaired loans are Level 3 assets due to the extensive use of market appraisals. To the extent that market appraisals or other methods do not produce reliable determinations of fair value, these assets are deemed to be Level 3.

8

Other Real Estate Owned: The fair value of other real estate owned (“OREO”) is determined using certified appraisals that value the property at its highest and best uses by applying traditional valuation methods common to the industry. The Company does not hold any OREO for profit purposes and all other real estate is actively marketed for sale. In most cases, management has determined that additional write-downs are required beyond what is calculable from the appraisal to carry the property at levels that would attract buyers. Because this additional write-down is not based on observable inputs, management has determined that other real estate owned should be classified as Level 3.

Covered Assets: Covered assets include loans and other real estate owned on which the majority of losses would be covered by loss-sharing agreements with the Federal Deposit Insurance Corporation (the “FDIC”). Management initially valued these assets at fair value using mostly unobservable inputs and, as such, has classified these assets as Level 3.

Intangible Assets and Goodwill: Intangible assets consist of core deposit premiums acquired in connection with business combinations and are based on the established value of acquired customer deposits. The core deposit premium is initially recognized based on a valuation performed as of the consummation date and is amortized over an estimated useful life of three to ten years. Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. Goodwill and other intangible assets deemed to have an indefinite useful life are not amortized but instead are subject to an annual review for impairment.

FDIC Loss-Share Receivable: Because the FDIC will reimburse the Company for certain acquired loans should the Company experience a loss, an indemnification asset is recorded at fair value at the acquisition date. The indemnification asset is recognized at the same time as the indemnified loans, and measured on the same basis, subject to collectability or contractual limitations. The shared-loss agreements on the acquisition date reflect the reimbursements expected to be received from the FDIC, using an appropriate discount rate, which reflects counterparty credit risk and other uncertainties. The shared-loss agreements continue to be measured on the same basis as the related indemnified loans, and the loss-share receivable is impacted by changes in estimated cash flows associated with these loans.

Deposits: The carrying amount of demand deposits, savings deposits and variable-rate certificates of deposit approximates fair value. The fair value of fixed-rate certificates of deposit is estimated based on discounted contractual cash flows using interest rates currently offered for certificates with similar maturities.

Securities Sold under Agreements to Repurchase and Other Borrowings: The carrying amount of variable rate borrowings and securities sold under repurchase agreements approximates fair value. The fair value of fixed rate other borrowings is estimated based on discounted contractual cash flows using the current incremental borrowing rates for similar type borrowing arrangements.

Subordinated Deferrable Interest Debentures: The carrying amount of the Company’s variable rate trust preferred securities approximates fair value.

Off-Balance-Sheet Instruments: Because commitments to extend credit and standby letters of credit are typically made using variable rates and have short maturities, the carrying value and fair value are immaterial for disclosure.

Derivatives: The Company has entered into derivative financial instruments to manage interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivatives. This analysis reflects the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the derivatives are determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves derived from observable market interest rate curves).

The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting any applicable credit enhancements such as collateral postings, thresholds, mutual puts and guarantees.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself or the counterparties. However, as of March 31, 2014 and 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuation in its entirety is classified in Level 2 of the fair value hierarchy.

9

The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows:

			Fair Value Measurements at March 31, 2014 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	2,482,601	$	—	$	1,651,409	$	851,216	$	2,502,625
Financial liabilities:
Deposits		3,010,647		—		3,011,383		—		3,011,383
Other borrowings		59,677		—		59,677		—		59,677
			Fair Value Measurements at December 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	2,435,067	$	—	$	1,565,919	$	881,536	$	2,447,455
Financial liabilities:
Deposits		2,999,231		—		3,000,061		—		3,000,061
Other borrowings		194,572		—		194,572		—		194,572
			Fair Value Measurements at March 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	1,930,095	$	—	$	1,458,604	$	501,874	$	1,960,478
Financial liabilities:
Deposits		2,489,973		—		2,491,282		—		2,491,282

10

The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of March 31, 2014, December 31, 2013 and March 31, 2013 (dollars in thousands):

	Fair Value Measurements on a Recurring Basis As of March 31, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	14,145	$	—	$	14,145	$	—
State, county and municipal securities		111,574		—		111,574		—
Corporate debt securities		10,383		—		8,383		2,000
Mortgage-backed securities		320,611		—		320,611		—
Mortgage loans held for sale		51,693		—		51,693		—
Total recurring assets at fair value	$	508,406	$	—	$	506,406	$	2,000
Derivative financial instruments	$	675	$	—	$	675	$	—
Total recurring liabilities at fair value	$	675	$	—	$	675	$	—
	Fair Value Measurements on a Recurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	13,926	$	—	$	13,926	$	—
State, county and municipal securities		112,754		—		112,754		—
Collateralized debt obligations		1,480		1,480		—		—
Corporate debt securities		10,325		—		8,325		2,000
Mortgage-backed securities		347,750		182,461		165,289		—
Mortgage loans held for sale		67,278		—		67,278		—
Total recurring assets at fair value	$	553,513	$	183,941	$	367,572	$	2,000
Derivative financial instruments	$	370	$	—	$	370	$	—
Total recurring liabilities at fair value	$	370	$	—	$	370	$	—
	Fair Value Measurements on a Recurring Basis As of March 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	5,015	$	—	$	5,015	$	—
State, county and municipal securities		115,532		—		115,532		—
Corporate debt securities		10,297		—		8,297		2,000
Mortgage-backed securities		193,185		4,054		189,131		—
Mortgage loans held for sale		42,332		—		42,332		—
Total recurring assets at fair value	$	366,361	$	4,054	$	360,307	$	2,000
Derivative financial instruments	$	2,553	$	—	$	2,553	$	—
Total recurring liabilities at fair value	$	2,553	$	—	$	2,553	$	—

11

The following table is a presentation of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of March 31, 2014, December 31, 2013 and March 31, 2013 (dollars in thousands):

	Fair Value Measurements on a Nonrecurring Basis As of March 31, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	41,253	$	—	$	—	$	41,253
Other real estate owned		33,839		—		—		33,839
Purchased, non-covered loans		437,269		—		—		437,269
Purchased, non-covered other real estate owned		3,864		—		—		3,864
Covered loans		372,694		—		—		372,694
Covered other real estate owned		42,636		—		—		42,636
Total nonrecurring assets at fair value	$	931,555	$	—	$	—	$	931,555
	Fair Value Measurements on a Nonrecurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	42,546	$	—	$	—	$	42,546
Other real estate owned		33,351		—		—		33,351
Purchased, non-covered loans		448,753		—		—		448,753
Purchased, non-covered other real estate owned		4,276		—		—		4,276
Covered loans		390,237		—		—		390,237
Covered other real estate owned		45,893		—		—		45,893
Total nonrecurring assets at fair value	$	965,056	$	—	$	—	$	965,056
	Fair Value Measurements on a Nonrecurring Basis As of March 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	51,150	$	—	$	—	$	51,150
Other real estate owned		40,434		—		—		40,434
Covered loans		460,724		—		—		460,724
Covered other real estate owned		77,915		—		—		77,915
Total nonrecurring assets at fair value	$	630,223	$	—	$	—	$	630,223

The inputs used to determine estimated fair value of impaired loans and covered loans include market conditions, loan terms, underlying collateral characteristics and discount rates. The inputs used to determine fair value of other real estate owned and covered other real estate owned include market conditions, estimated marketing period or holding period, underlying collateral characteristics and discount rates.

12

For the three months ended March 31, 2014 and 2013, there was not a change in the methods and significant assumptions used to estimate fair value.

The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities.

Measurements	Fair Value at March 31, 2014		Valuation Technique	Unobservable Inputs	Range
	(Dollars in Thousands)
Nonrecurring:
Impaired loans	$	41,253	Third party appraisals and discounted cash flows	Collateral discounts and discount rates	4.00% - 60.00%
Other real estate owned	$	33,839	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 74.00%
Purchased, non-covered loans	$	437,269	Third party appraisals and discounted cash flows	Collateral discounts and discount rates	1.00% - 40.00%
Purchased non-covered other real estate owned	$	3,864	Third party appraisals	Collateral discounts and estimated costs to sell	15.00% - 57.00%
Covered loans	$	372,694	Third party appraisals and discounted cash flows	Collateral discounts and discount rate	1.75% - 75.00%
Covered real estate owned	$	42,636	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 87.00%
Recurring:
Investment securities available for sale	$	2,000	Discounted par values	Credit quality of underlying issuer	0.00%

The transfers between the fair value hierarchy levels during the three months ended March 31, 2014 and 2013 involved the transferring of loans to impaired loans, impaired loans to other real estate owned and covered loans to covered other real estate owned. These transfers are reflected in the Company’s reconciliation of Level 3 assets below.

	Investment securities available for sale		Impaired loans carried at fair value			Other real estate owned			Purchased, non-covered loans			Purchased, non-covered other real estate owned			Covered loans			Covered other real estate owned
									(Dollars in Thousands)
Beginning balance, January 1, 2014	$	2,000	$	42,546		$	33,351		$	448,753		$	4,276		$	390,237		$	45,893
Total gains (losses) included in net income		—		—			(750	)		—			(46	)		—			(219	)
Purchases, sales, issuances, and settlements, net		—		—			(1,316	)		(11,416	)		(529	)		(12,617	)		(7,964	)
Transfers in or out of Level 3		—		—			1,261			—			95			—			—
Asset reclassification, within Level 3		—		(1,293	)		1,293			(68	)		68			(4,926	)		4,926
Ending balance, March 31, 2014	$	2,000	$	41,253		$	33,839		$	437,269		$	3,864		$	372,694		$	42,636

	Investment Securities Available for Sale		Impaired Loans Carried at Fair Value			Other Real Estate Owned			Covered Loans			Covered Other Real Estate Owned
	(Dollars in Thousands)
Beginning balance, January 1, 2013	$	2,000	$	52,514		$	39,850		$	507,712		$	88,273
Total gains/(losses) included in net income		—		—			(15	)		—			(3,032	)
Purchases, sales, issuances, and settlements, net		—		—			(2,027	)		(31,449	)		(22,865	)
Transfers in to Level 3		—		1,262			—			—			—
Asset reclassification, within Level 3		—		(2,626	)		2,626			(15,539	)		15,539
Ending balance March 31, 2013	$	2,000	$	51,150		$	40,434		$	460,724		$	77,915

13

NOTE 2 – PENDING MERGER AND ACQUISITION

On March 10, 2014, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Coastal Bankshares, Inc. (“Coastal”), a bank holding company headquartered in Savannah, Georgia. The Coastal Bank is a wholly owned banking subsidiary of Coastal that has a total of six banking locations in Chatham, Liberty and Effingham Counties, Georgia. As of December 31, 2013, Coastal reported assets of $433 million, loans of $295 million and deposits of $364 million. Under the terms of the Merger Agreement, Coastal will merge with and into Ameris, with Ameris as the surviving entity in the merger. In addition, The Coastal Bank will be merged with and into the Bank, with the Bank as the surviving entity.

Pursuant to the terms of the Merger Agreement, Coastal shareholders will receive 0.4671 shares of the Company’s common stock in exchange for each share of Coastal common stock they hold. Based on the closing price of the Company’s common stock on February 28, 2014, the transaction would be valued at approximately $37.3 million, which represents 169% of Coastal’s tangible book value as of December 31, 2013. The purchase price will be allocated among the assets of Coastal acquired as appropriate, with the remaining balance being reported as goodwill.

Consummation of the merger is subject to customary conditions, including, among others, approval of the Merger Agreement by Coastal’s shareholders and the receipt of required regulatory approvals. The transaction is expected to close during the third quarter of 2014.

NOTE 3 – BUSINESS COMBINATIONS

On December 23, 2013, the Company completed its acquisition of The Prosperity Banking Company (“Prosperity”), a bank holding company headquartered in Saint Augustine, Florida. Upon consummation of the acquisition, Prosperity was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, Prosperity’s wholly owned banking subsidiary, Prosperity Bank, was also merged with and into the Bank. Prosperity Bank had a total of 12 banking locations, with the majority of the franchise concentrated in northeast Florida. Prosperity’s common shareholders were entitled to elect to receive either 3.125 shares of the Company’s common stock or $41.50 in cash in exchange for each share of Prosperity’s voting common stock. As a result of Prosperity shareholders’ elections, the Company issued 1,168,918 common shares at a fair value of $24.6 million.

The acquisition of Prosperity was accounted for using the purchase method of accounting in accordance with FASB ASC 805, Business Combinations. Assets acquired, liabilities assumed and consideration exchanged were recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values becomes available.

14

The following table presents the assets acquired and liabilities of Prosperity assumed as of December 23, 2013 and their initial fair value estimates:

(Dollars in Thousands)	As Recorded by Prosperity			Fair Value Adjustments			As Recorded by Ameris
Assets
Cash and cash equivalents	$	4,285		$	—		$	4,285
Federal funds sold and interest-bearing balances		21,687			—			21,687
Investment securities		151,863			411	(a)		152,274
Other investments		8,727			—			8,727
Loans		487,358			(37,662	)(b)		449,696
Less allowance for loan losses		(6,811	)		6,811	(c)		—
Loans, net		480,547			(30,851	)		449,696
Other real estate owned and repossessed assets		6,883			(1,260	)(d)		5,623
Premises and equipment		36,293			—			36,293
Intangible assets		174			4,383	(e)		4,557
Other assets		26,600			1,192	(f)		27,792
Total assets	$	737,059		$	(26,125	)	$	710,934
Liabilities
Deposits:
Noninterest-bearing	$	149,242		$	—		$	149,242
Interest-bearing		324,441			—			324,441
Total deposits		473,683			—			473,683
Federal funds purchased and securities sold under agreements to repurchase		21,530			—			21,530
Other borrowings		185,000			12,313	(g)		197,313
Other liabilities		14,058			455	(h)		14,513
Subordinated deferrable interest debentures		29,500			(16,303	)(i)		13,197
Total liabilities		723,771			(3,535	)		720,236
Net identifiable assets acquired over (under) liabilities assumed		13,288			(22,590	)		(9,302	)
Goodwill		—			34,093			34,093
Net assets acquired over (under) liabilities assumed	$	13,288		$	11,503		$	24,791
Consideration:
Ameris Bancorp common shares issued		1,168,918
Purchase price per share of the Company’s common stock	$	21.07
Company common stock issued		24,629
Cash exchanged for shares		162
Fair value of total consideration transferred	$	24,791

Explanation of fair value adjustments

(a) Adjustment reflects the fair value adjustments of the available for sale portfolio as of the acquisition date.

(b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio.

(c) Adjustment reflects the elimination of Prosperity’s allowance for loan losses.

(d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio.

(e) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts.

(f) Adjustment reflects the adjustment to write-off the non-realizable portion of Prosperity’s deferred tax asset of ($6.644 million), to record the deferred tax asset generated by purchase accounting adjustments of $8.435 million and to record the fair value adjustment of other assets of ($0.599 million) at the acquisition date.

(g) Adjustment reflects the fair value adjustment (premium) to the FHLB borrowings of $12.741 million and the fair value adjustment to the subordinated debt of $0.428 million.

(h) Adjustment reflects the fair value adjustment of other liabilities at the acquisition date.

(i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.

15

NOTE 4 – INVESTMENT SECURITIES

The Company’s investment policy blends the Company’s liquidity needs and interest rate risk management with its desire to increase income and provide funds for expected growth in loans. The investment securities portfolio consists primarily of U.S. government sponsored mortgage-backed securities and agencies, state, county and municipal securities and corporate debt securities. The Company’s portfolio and investing philosophy concentrate activities in obligations where the credit risk is limited. For the small portion of the Company’s portfolio found to present credit risk, the Company has reviewed the investments and financial performance of the obligors and believes the credit risk to be acceptable.

The amortized cost and estimated fair value of investment securities available for sale at March 31, 2014, December 31, 2013 and March 31, 2013 are presented below:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in Thousands)
March 31, 2014:
U. S. government agencies	$	14,948	$	—	$	(803	)	$	14,145
State, county and municipal securities		110,331		2,724		(1,481	)		111,574
Corporate debt securities		10,307		285		(209	)		10,383
Mortgage-backed securities		319,216		4,244		(2,849	)		320,611
Total debt securities	$	454,802	$	7,253	$	(5,342	)	$	456,713
December 31, 2013:
U. S. government agencies	$	14,947	$	—	$	(1,021	)	$	13,926
State, county and municipal securities		112,659		2,269		(2,174	)		112,754
Corporate debt securities		10,311		275		(261	)		10,325
Collateralized debt obligations		1,480		—		—			1,480
Mortgage-backed securities		349,441		2,347		(4,038	)		347,750
Total debt securities	$	488,838	$	4,891	$	(7,494	)	$	486,235
March 31, 2013:
U. S. government agencies	$	5,000	$	15	$	—		$	5,015
State, county and municipal securities		110,628		5,051		(147	)		115,532
Corporate debt securities		10,542		355		(600	)		10,297
Mortgage-backed securities		188,492		5,342		(649	)		193,185
Total debt securities	$	314,662	$	10,763	$	(1,396	)	$	324,029

16

The amortized cost and fair value of available-for-sale securities at March 31, 2014 by contractual maturity are summarized in the table below. Expected maturities for mortgage-backed securities may differ from contractual maturities because in certain cases borrowers can prepay obligations without prepayment penalties. Therefore, these securities are not included in the following maturity summary.

	Amortized Cost		Fair Value
	(Dollars in Thousands)
Due in one year or less	$	3,088	$	3,110
Due from one year to five years		41,430		43,038
Due from five to ten years		65,798		65,210
Due after ten years		25,270		24,744
Mortgage-backed securities		319,216		320,611
	$	454,802	$	456,713

Securities with a carrying value of approximately $295.7 million serve as collateral to secure public deposits and for other purposes required or permitted by law at March 31, 2014.

The following table details the gross unrealized losses and fair value of securities aggregated by category and duration of the continuous unrealized loss position at March 31, 2014, December 31, 2013 and March 31, 2013.

	Less Than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)
March 31, 2014:
U. S. government agencies	$	9,353	$	(595	)	$	4,792	$	(208	)	$	14,145	$	(803	)
State, county and municipal securities		38,937		(1,238	)		3,612		(243	)		42,549		(1,481	)
Corporate debt securities		—		—			4,871		(209	)		4,871		(209	)
Mortgage-backed securities		55,103		(1,219	)		31,184		(1,630	)		86,287		(2,849	)
Total debt securities	$	103,393	$	(3,052	)	$	44,459	$	(2,290	)	$	147,852	$	(5,342	)
December 31, 2013:
U. S. government agencies	$	13,926	$	(1,021	)	$	—	$	—		$	13,926	$	(1,021	)
State, county and municipal securities		47,401		(1,882	)		3,794		(292	)		51,195		(2,174	)
Corporate debt securities		—		—			4,826		(261	)		4,826		(261	)
Collateralized debt obligations		—		—			—		—			—		—
Mortgage-backed securities		94,989		(2,493	)		23,388		(1,545	)		118,377		(4,038	)
Total debt securities	$	156,316	$	(5,396	)	$	32,008	$	(2,098	)	$	188,324	$	(7,494	)
March 31, 2013:
U. S. government agencies	$	—	$	—		$	—	$	—		$	—	$	—
State, county and municipal securities		19,159		(138	)		505		(9	)		19,664		(147	)
Corporate debt securities		244		(6	)		4,506		(594	)		4,750		(600	)
Mortgage-backed securities		55,189		(648	)		1,120		(1	)		56,309		(649	)
Total debt securities	$	74,592	$	(792	)	$	6,131	$	(604	)	$	80,723	$	(1,396	)

17

NOTE 5 – LOANS

The Company engages in a full complement of lending activities, including real estate-related loans, agriculture-related loans, commercial and financial loans and consumer installment loans within select markets in Georgia, Alabama, Florida and South Carolina. Ameris concentrates the majority of its lending activities in real estate loans. While the risk of loss in the Company’s portfolio is primarily tied to the credit quality of the various borrowers, risk of loss may increase due to factors beyond the Company’s control, such as local, regional and/or national economic downturns. General conditions in the real estate market may also impact the relative risk in the real estate portfolio.

Commercial, financial and agricultural loans include both secured and unsecured loans for working capital, expansion, crop production and other business purposes. Short-term working capital loans are secured by non-real estate collateral such as accounts receivable, crops, inventory and equipment. The Company evaluates the financial strength, cash flow, management, credit history of the borrower and the quality of the collateral securing the loan. The Bank often requires personal guarantees and secondary sources of repayment on commercial, financial and agricultural loans.

Real estate loans include construction and development loans, commercial and farmland loans and residential loans. Construction and development loans include loans for the development of residential neighborhoods, one-to-four family residential construction loans to builders and consumers, and commercial real estate construction loans, primarily for owner-occupied properties. The Company limits its construction lending risk through adherence to established underwriting procedures. Commercial real estate loans include loans secured by owner-occupied commercial buildings for office, storage, retail, farmland and warehouse space. They also include non-owner occupied commercial buildings such as leased retail and office space. Commercial real estate loans may be larger in size and may involve a greater degree of risk than one-to-four family residential mortgage loans. Payments on such loans are often dependent on successful operation or management of the properties. The Company’s residential loans represent permanent mortgage financing and are secured by residential properties located within the Bank’s market areas.

Consumer installment loans and other loans include automobile loans, boat and recreational vehicle financing, and both secured and unsecured personal loans. Consumer loans carry greater risks than other loans, as the collateral can consist of rapidly depreciating assets such as automobiles and equipment that may not provide an adequate source of repayment of the loan in the case of default.

Loans are stated at unpaid balances, net of unearned income and deferred loan fees. Balances within the major loan categories are presented in the following table:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	270,571	$	244,373	$	180,888
Real estate – construction and development		149,543		146,371		130,161
Real estate – commercial and farmland		836,230		808,323		766,227
Real estate – residential		393,001		366,882		367,056
Consumer installment		32,345		34,249		37,335
Other		13,692		18,256		11,086
	$	1,695,382	$	1,618,454	$	1,492,753

Purchased non-covered loans are defined as loans that were acquired in bank acquisitions that are not covered by a loss-sharing agreement with the FDIC. Purchased non-covered loans totaling $437.3 million and $448.8 million at March 31, 2014 and December 31, 2013, respectively, are not included in the above schedule.

Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	30,810	$	32,141	$	—
Real estate – construction and development		31,820		31,176		—
Real estate – commercial and farmland		174,281		179,898		—
Real estate – residential		196,078		200,851		—
Consumer installment		4,280		4,687		—
	$	437,269	$	448,753	$	—

Covered loans are defined as loans that were acquired in FDIC-assisted transactions that are covered by a loss-sharing agreement with the FDIC. Covered loans totaling $372.7 million, $390.2 million and $460.7 million at March 31, 2014, December 31, 2013 and March 31, 2013, respectively, are not included in the above schedules.

18

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	24,813	$	26,550	$	28,568
Real estate – construction and development		41,434		43,179		57,114
Real estate – commercial and farmland		214,649		224,451		260,159
Real estate – residential		91,372		95,173		113,668
Consumer installment		426		884		1,215
	$	372,694	$	390,237	$	460,724

Nonaccrual and Past Due Loans

A loan is placed on nonaccrual status when, in management’s judgment, the collection of the interest income appears doubtful. Interest receivable that has been accrued and is subsequently determined to have doubtful collectability is charged against interest income. Interest payments on nonaccrual loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Past due loans are loans whose principal or interest is past due 90 days or more. In some cases, where borrowers are experiencing financial difficulties, loans may be restructured to provide terms significantly different from the original contractual terms.

The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	3,008	$	4,103	$	3,756
Real estate – construction and development		4,080		3,971		9,390
Real estate – commercial and farmland		8,550		8,566		9,798
Real estate – residential		10,631		12,152		13,840
Consumer installment		460		411		692
	$	26,729	$	29,203	$	37,476

The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	117	$	11	$	—
Real estate – construction and development		1,131		325		—
Real estate – commercial and farmland		6,829		1,653		—
Real estate – residential		7,208		4,658		—
Consumer installment		33		12		—
	$	15,318	$	6,659	$	—

The following table presents an analysis of covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	10,025	$	7,257	$	8,718
Real estate – construction and development		14,780		14,781		18,956
Real estate – commercial and farmland		24,285		33,495		47,580
Real estate – residential		10,558		13,278		23,018
Consumer installment		133		341		243
	$	59,781	$	69,152	$	98,515

19

The following table presents an analysis of loans, excluding purchased non-covered and covered past due loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	1,083	$	386	$	2,956	$	4,425	$	266,146	$	270,571	$	—
Real estate – construction & development		1,304		249		3,919		5,472		144,071		149,543		—
Real estate – commercial & farmland		2,255		1,650		7,622		11,527		824,703		836,230		—
Real estate – residential		3,657		1,541		10,298		15,496		377,505		393,001		—
Consumer installment loans		474		68		345		887		31,458		32,345		—
Other		—		—		—		—		13,692		13,692		—
Total	$	8,773	$	3,894	$	25,140	$	37,807	$	1,657,575	$	1,695,382	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2013:
Commercial, financial & agricultural	$	10,893	$	272	$	4,081	$	15,246	$	229,127	$	244,373	$	—
Real estate – construction & development		1,026		69		3,935		5,030		141,341		146,371		—
Real estate – commercial & farmland		3,981		1,388		7,751		13,120		795,203		808,323		—
Real estate – residential		5,422		1,735		11,587		18,744		348,138		366,882		—
Consumer installment loans		568		197		305		1,070		33,179		34,249		—
Other		—		—		—		—		18,256		18,256		—
Total	$	21,890	$	3,661	$	27,659	$	53,210	$	1,565,244	$	1,618,454	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	1,797	$	149	$	3,729	$	5,675	$	175,213	$	180,888	$	—
Real estate – construction & development		1,538		1,538		8,312		11,388		118,773		130,161		—
Real estate – commercial & farmland		11,115		3,220		9,352		23,687		742,540		766,227		—
Real estate – residential		7,686		1,719		11,699		21,104		345,952		367,056		—
Consumer installment loans		745		169		563		1,477		35,858		37,335		—
Other		—		—		—		—		11,086		11,086		—
Total	$	22,881	$	6,795	$	33,655	$	63,331	$	1,429,422	$	1,492,753	$	—

20

The following table presents an analysis of purchased non-covered past due loans as of March 31, 2014 and December 31, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	291	$	—	$	117	$	408	$	30,402	$	30,810	$	—
Real estate – construction & development		680		661		867		2,208		29,612		31,820		—
Real estate – commercial & farmland		3,956		5,126		2,550		11,632		162,649		174,281		—
Real estate – residential		5,187		1,816		6,503		13,506		182,572		196,078		—
Consumer installment loans		12		11		30		53		4,227		4,280		—
Total	$	10,126	$	7,614	$	10,067	$	27,807	$	409,462	$	437,269	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2013:
Commercial, financial & agricultural	$	370	$	70	$	11	$	451	$	31,690	$	32,141	$	—
Real estate – construction & development		1,008		89		325		1,422		29,754		31,176		—
Real estate – commercial & farmland		6,851		2,064		1,516		10,431		169,467		179,898		—
Real estate – residential		4,667		1,074		3,428		9,169		191,682		200,851		—
Consumer installment loans		7		17		9		33		4,654		4,687		—
Total	$	12,903	$	3,314	$	5,289	$	21,506	$	427,247	$	448,753	$	—

21

The following table presents an analysis of covered past due loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	688	$	55	$	8,976	$	9,719	$	15,094	$	24,813	$	—
Real estate – construction & development		4,248		302		14,472		19,022		22,412		41,434		—
Real estate – commercial & farmland		15,732		3,722		17,680		37,134		177,515		214,649		—
Real estate – residential		3,579		1,585		9,752		14,916		76,456		91,372		1,396
Consumer installment loans		2		50		103		155		271		426		—
Total	$	24,249	$	5,714	$	50,983	$	80,946	$	291,748	$	372,694	$	1,396
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2013:
Commercial, financial & agricultural	$	3,966	$	12	$	6,165	$	10,143	$	16,407	$	26,550	$	—
Real estate – construction & development		843		144		14,055		15,042		28,137		43,179		—
Real estate – commercial & farmland		8,482		4,350		26,428		39,260		185,191		224,451		346
Real estate – residential		7,648		1,914		10,244		19,806		75,367		95,173		—
Consumer installment loans		51		14		305		370		514		884		—
Total	$	20,990	$	6,434	$	57,197	$	84,621	$	305,616	$	390,237	$	346
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	756	$	314	$	7,270	$	8,340	$	20,228	$	28,568	$	98
Real estate – construction & development		3,971		876		17,415		22,262		34,852		57,114		—
Real estate – commercial & farmland		10,227		2,837		42,464		55,528		204,631		260,159		—
Real estate – residential		5,608		345		18,895		24,848		88,820		113,668		48
Consumer installment loans		41		11		205		257		958		1,215		—
Total	$	20,603	$	4,383	$	86,249	$	111,235	$	349,489	$	460,724	$	146

22

Impaired Loans

Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreements. When determining if the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement, the Company considers the borrower’s capacity to pay, which includes such factors as the borrower’s current financial statements, an analysis of global cash flow sufficient to pay all debt obligations and an evaluation of secondary sources of repayment, such as guarantor support and collateral value. Impaired loans include loans on nonaccrual status and troubled debt restructurings. The Company individually assesses for impairment all nonaccrual loans greater than $200,000 and rated substandard or worse and all troubled debt restructurings greater than $100,000. If a loan is deemed impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis.

The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans:

	As of and For the Period Ended
	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	26,729	$	29,203	$	37,476
Troubled debt restructurings not included above		18,848		17,214		18,513
Total impaired loans	$	45,577	$	46,417	$	55,989
Impaired loans not requiring a related allowance	$	—	$	—	$	—
Impaired loans requiring a related allowance	$	45,577	$	46,417	$	55,989
Allowance related to impaired loans	$	4,324	$	3,871	$	4,839
Average investment in impaired loans	$	45,997	$	51,721	$	56,808
Interest income recognized on impaired loans	$	20	$	522	$	78
Foregone interest income on impaired loans	$	246	$	418	$	54

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	5,421	$	—	$	3,719	$	3,719	$	394	$	4,169
Real estate – construction & development		10,636		—		6,033		6,033		736		5,950
Real estate – commercial & farmland		19,983		—		17,282		17,282		1,972		16,380
Real estate – residential		21,307		—		17,996		17,996		1,211		18,983
Consumer installment loans		688		—		547		547		11		515
Total	$	58,035	$	—	$	45,577	$	45,577	$	4,324	$	45,997

23

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	6,240	$	—	$	4,618	$	4,618	$	435	$	4,844
Real estate – construction & development		11,363		—		5,867		5,867		512		8,341
Real estate – commercial & farmland		18,456		—		15,479		15,479		1,443		17,559
Real estate – residential		24,342		—		19,970		19,970		1,472		20,335
Consumer installment loans		623		—		483		483		9		642
Total	$	61,024	$	—	$	46,417	$	46,417	$	3,871	$	51,721
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	7,818	$	—	$	4,555	$	4,555	$	740	$	4,747
Real estate – construction & development		20,633		—		11,273		11,273		922		11,144
Real estate – commercial & farmland		22,996		—		18,676		18,676		1,816		19,793
Real estate – residential		24,777		—		20,792		20,792		1,344		20,320
Consumer installment loans		920		—		693		693		17		804
Total	$	77,144	$	—	$	55,989	$	55,989	$	4,839	$	56,808

The following is a summary of information pertaining to purchased non-covered impaired loans:

	As of and For the Period Ended
	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	15,318	$	6,659	$	—
Troubled debt restructurings not included above		5,191		5,938		—
Total impaired loans	$	20,509	$	12,597	$	—
Impaired loans not requiring a related allowance	$	20,509	$	12,597	$	—
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	16,553	$	242	$	—
Interest income recognized on impaired loans	$	—	$	—	$	—
Foregone interest income on impaired loans	$	563	$	—	$	—

24

The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of March 31, 2014 and December 31, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	233	$	117	$	—	$	117	$	—	$	64
Real estate – construction & development		6,173		3,574		—		3,574		—		3,631
Real estate – commercial & farmland		12,966		7,790		—		7,790		—		5,336
Real estate – residential		15,524		8,987		—		8,987		—		7,483
Consumer installment loans		240		41		—		41		—		39
Total	$	35,136	$	20,509	$	—	$	20,509	$	—	$	16,553
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	19	$	11	$	—	$	11	$	—	$	—
Real estate – construction & development		5,719		3,690		—		3,690		—		71
Real estate – commercial & farmland		4,563		2,881		—		2,881		—		55
Real estate – residential		9,612		5,978		—		5,978		—		115
Consumer installment loans		57		37		—		37		—		1
Total	$	19,970	$	12,597	$	—	$	12,597	$	—	$	242

The following is a summary of information pertaining to covered impaired loans:

	As of and For the Period Ended
	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	59,781	$	69,152	$	98,515
Troubled debt restructurings not included above		22,775		22,243		21,592
Total impaired loans	$	82,556	$	91,395	$	120,107
Impaired loans not requiring a related allowance	$	82,556	$	91,395	$	120,107
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	86,976	$	110,830	$	127,507
Interest income recognized on impaired loans	$	155	$	968	$	169
Foregone interest income on impaired loans	$	10	$	330	$	147

25

The following table presents an analysis of information pertaining to impaired covered loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	12,143	$	10,039	$	—	$	10,039	$	—	$	8,655
Real estate – construction & development		20,704		18,034		—		18,034		—		18,036
Real estate – commercial & farmland		36,664		31,746		—		31,746		—		36,247
Real estate – residential		25,230		22,604		—		22,604		—		23,801
Consumer installment loans		167		133		—		133		—		237
Total	$	94,908	$	82,556	$	—	$	82,556	$	—	$	86,976
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	9,680	$	7,270	$	—	$	7,270	$	—	$	8,696
Real estate – construction & development		20,915		18,037		—		18,037		—		21,794
Real estate – commercial & farmland		46,612		40,749		—		40,749		—		51,584
Real estate – residential		29,089		24,998		—		24,998		—		28,452
Consumer installment loans		394		341		—		341		—		304
Total	$	106,690	$	91,395	$	—	$	91,395	$	—	$	110,830
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	24,301	$	8,754	$	—	$	8,754	$	—	$	9,778
Real estate – construction & development		78,421		23,978		—		23,978		—		23,607
Real estate – commercial & farmland		139,197		55,822		—		55,822		—		60,026
Real estate – residential		54,422		31,310		—		31,310		—		33,823
Consumer installment loans		324		243		—		243		—		273
Total	$	296,665	$	120,107	$	—	$	120,107	$	—	$	127,507

26

Credit Quality Indicators

The Company uses a nine category risk grading system to assign a risk grade to each loan in the portfolio. The following is a description of the general characteristics of the grades:

Grade 10 – Prime Credit – This grade represents loans to the Company’s most creditworthy borrowers or loans that are secured by cash or cash equivalents.

Grade 15 – Good Credit – This grade includes loans that exhibit one or more characteristics better than that of a Satisfactory Credit. Generally, debt service coverage and borrower’s liquidity is materially better than required by the Company’s loan policy.

Grade 20 – Satisfactory Credit – This grade is assigned to loans to borrowers who exhibit satisfactory credit histories, contain acceptable loan structures and demonstrate ability to repay.

Grade 23 – Performing, Under-Collateralized Credit – This grade is assigned to loans that are currently performing and supported by adequate financial information that reflects repayment capacity but exhibits a loan-to-value ratio greater than 110%, based on a documented collateral valuation.

Grade 25 – Minimum Acceptable Credit – This grade includes loans which exhibit all the characteristics of a Satisfactory Credit, but warrant more than normal level of banker supervision due to: (i) circumstances which elevate the risks of performance (such as start-up operations, untested management, heavy leverage and interim losses); (ii) adverse, extraordinary events that have affected, or could affect, the borrower’s cash flow, financial condition, ability to continue operating profitability or refinancing (such as death of principal, fire and divorce); (iii) loans that require more than the normal servicing requirements (such as any type of construction financing, acquisition and development loans, accounts receivable or inventory loans and floor plan loans); (iv) existing technical exceptions which raise some doubts about the Bank’s perfection in its collateral position or the continued financial capacity of the borrower; or (v) improvements in formerly criticized borrowers, which may warrant banker supervision.

Grade 30 – Other Asset Especially Mentioned – This grade includes loans that exhibit potential weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date.

Grade 40 – Substandard – This grade represents loans which are inadequately protected by the current credit worthiness and paying capacity of the borrower or of the collateral pledged, if any. These assets exhibit a well-defined weakness or are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. These weaknesses may be characterized by past due performance, operating losses or questionable collateral values.

Grade 50 – Doubtful – This grade includes loans which exhibit all of the characteristics of a substandard loan with the added provision that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable or improbable.

Grade 60 – Loss – This grade is assigned to loans which are considered uncollectible and of such little value that their continuance as active assets of the Bank is not warranted. This classification does not mean that the loss has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing it off.

27

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	86,688	$	—	$	259	$	478	$	6,380	$	—	$	93,805
15		26,730		5,483		153,285		57,119		1,346		—		243,963
20		90,692		48,872		454,292		192,492		17,678		13,692		817,718
23		120		9,111		9,784		11,765		276		—		31,056
25		55,827		76,962		178,174		100,634		5,580		—		417,177
30		5,386		2,889		15,324		14,440		201		—		38,240
40		5,001		6,226		25,112		16,063		884		—		53,286
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	270,571	$	149,543	$	836,230	$	393,001	$	32,345	$	13,692	$	1,695,382

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	66,983	$	—	$	265	$	419	$	6,714	$	—	$	74,381
15		24,789		4,655		147,157		52,335		1,276		—		230,212
20		93,852		45,195		431,790		165,339		18,619		18,256		773,051
23		127		8,343		10,219		12,641		274		—		31,604
25		50,373		78,736		181,645		103,427		6,310		—		420,491
30		2,111		2,876		11,849		13,558		197		—		30,591
40		6,011		6,566		25,398		19,153		859		—		57,987
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	244,373	$	146,371	$	808,323	$	366,882	$	34,249	$	18,256	$	1,618,454

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	32,223	$	—	$	304	$	500	$	7,241	$	—	$	40,268
15		11,569		4,794		146,563		68,212		1,635		—		232,773
20		75,503		34,947		385,984		138,634		19,623		11,086		665,777
23		45		6,606		8,970		13,662		120		—		29,403
25		52,631		66,012		187,567		112,096		7,340		—		425,646
30		3,324		6,004		12,334		10,573		250		—		32,485
40		5,494		11,643		24,505		23,379		1,126		—		66,147
50		99		155		—		—		—		—		254
60		—		—		—		—		—		—		—
Total	$	180,888	$	130,161	$	766,227	$	367,056	$	37,335	$	11,086	$	1,492,753

28

The following table presents the purchased non-covered loan portfolio by risk grade as of March 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	1,932	$	—	$	—	$	287	$	328	$	—	$	2,547
15		4,408		52		12,422		14,231		679		—		31,792
20		4,596		3,907		43,132		33,553		1,218		—		86,406
23		—		—		—		—		—		—		—
25		19,213		22,780		102,918		134,653		1,965		—		281,529
30		235		697		3,387		2,660		20		—		6,999
40		426		4,384		12,422		10,694		70		—		27,996
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	30,810	$	31,820	$	174,281	$	196,078	$	4,280	$	—	$	437,269

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	1,865	$	—	$	—	$	289	$	451	$	—	$	2,605
15		4,606		7		12,998		16,160		703		—		34,474
20		5,172		3,960		43,802		34,576		1,383		—		88,893
23		—		—		—		—		—		—		—
25		19,638		20,733		102,260		129,923		1,888		—		274,442
30		576		1,760		9,554		10,878		194		—		22,962
40		284		4,716		11,284		9,025		68		—		25,377
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	32,141	$	31,176	$	179,898	$	200,851	$	4,687	$	—	$	448,753

29

The following table presents the covered loan portfolio by risk grade as of March 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		10		1,024		650		—		—		1,684
20		1,769		7,760		35,625		19,613		151		—		64,918
23		139		978		17,416		4,870		51		—		23,454
25		6,921		9,182		101,948		38,140		42		—		156,233
30		5,106		1,185		17,625		7,025		3		—		30,944
40		10,878		22,319		41,011		21,074		179		—		95,461
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	24,813	$	41,434	$	214,649	$	91,372	$	426	$	—	$	372,694

The following table presents the covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		16		1,048		638		—		—		1,702
20		2,184		8,549		34,674		21,363		193		—		66,963
23		134		1,085		17,037		4,748		51		—		23,055
25		7,508		9,611		101,657		38,427		235		—		157,438
30		5,125		2,006		21,297		6,979		17		—		35,424
40		11,599		21,912		48,738		23,018		388		—		105,655
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	26,550	$	43,179	$	224,451	$	95,173	$	884	$	—	$	390,237

The following table presents the covered loan portfolio by risk grade as of March 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		34		1,598		638		—		—		2,270
20		3,117		11,106		36,020		27,547		266		—		78,056
23		75		1,248		9,153		1,946		—		—		12,422
25		8,135		10,184		110,985		40,863		508		—		170,675
30		2,979		4,457		35,601		8,784		50		—		51,871
40		14,262		30,085		66,802		33,890		391		—		145,430
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	28,568	$	57,114	$	260,159	$	113,668	$	1,215	$	—	$	460,724

30

Troubled Debt Restructurings

The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. Concessions may include interest rate reductions to below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. The Company has exhibited the greatest success for rehabilitation of the loan by a reduction in the rate alone (maintaining the amortization of the debt) or a combination of a rate reduction and the forbearance of previously past due interest or principal. This has most typically been evidenced in certain commercial real estate loans whereby a disruption in the borrower’s cash flow resulted in an extended past due status, of which the borrower was unable to catch up completely as the cash flow of the property ultimately stabilized at a level lower than its original level. A reduction in rate, coupled with a forbearance of unpaid principal and/or interest, allowed the net cash flows to service the debt under the modified terms.

The Company’s policy requires a restructure request to be supported by a current, well-documented credit evaluation of the borrower’s financial condition and a collateral evaluation that is no older than six months from the date of the restructure. Key factors of that evaluation include the documentation of current, recurring cash flows, support provided by the guarantor(s) and the current valuation of the collateral. If the appraisal in the file is older than six months, an evaluation must be made as to the continued reasonableness of the valuation. For certain income-producing properties, current rent rolls and/or other income information can be utilized to support the appraisal valuation, when coupled with documented cap rates within our markets and a physical inspection of the collateral to validate the current condition.

The Company’s policy states that in the event a loan has been identified as a troubled debt restructuring, it should be assigned a grade of substandard and placed on nonaccrual status until such time the borrower has demonstrated the ability to service the loan payments based on the restructured terms – generally defined as six months of satisfactory payment history. Missed payments under the original loan terms are not considered under the new structure; however, subsequent missed payments are considered non-performance and are not considered toward the six month required term of satisfactory payment history. The Company’s loan policy states that a nonaccrual loan may be returned to accrual status when (i) none of its principal and interest is due and unpaid, and the Company expects repayment of the remaining contractual principal and interest or (ii) it otherwise becomes well secured and in the process of collection. Restoration to accrual status on any given loan must be supported by a well-documented credit evaluation of the borrower’s financial condition and the prospects for full repayment, approved by the Company’s Senior Credit Officer.

In the normal course of business, the Company renews loans with a modification of the interest rate or terms that are not deemed as troubled debt restructurings because the borrower is not experiencing financial difficulty. The Company modified loans in the first three months of 2014 and 2013 totaling $6.3 million and $27.4 million, respectively, under such parameters. In addition, the Company offers consumer loan customers an annual skip-a-pay program that is based on certain qualifying parameters and not based on financial difficulties. The Company does not treat these as troubled debt restructurings.

As of March 31, 2014, December 31, 2013 and March 31, 2013, the Company had a balance of $21.2 million, $20.9 million and $23.3 million, respectively, in troubled debt restructurings, excluding purchased non-covered and covered loans. The Company has recorded $2.3 million, $2.1 million and $2.6 million in previous charge-offs on such loans at March 31, 2014, December 31, 2013 and March 31, 2013, respectively. The Company’s balance in the allowance for loan losses allocated to such troubled debt restructurings was $422,000, $432,000 and $591,000 at March 31, 2014, December 31, 2013 and March 31, 2013, respectively. At March 31, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings

31

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	711		2	$	40
Real estate – construction & development		11		1,953		1		29
Real estate – commercial & farmland		19		8,733		5		1,316
Real estate – residential		35		7,364		8		961
Consumer installment		11		87		2		19
Total		80	$	18,848		18	$	2,365
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		17		6,913		4		2,273
Real estate – residential		37		7,818		8		834
Consumer installment		6		72		3		19
Total		72	$	17,214		20	$	3,683
As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	799		—	$	—
Real estate – construction & development		5		1,883		1		43
Real estate – commercial & farmland		16		8,878		3		3,595
Real estate – residential		26		6,953		3		1,111
Consumer installment		—		—		1		6
Total		52	$	18,513		8	$	4,755

32

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	268		2	$	482
Real estate – construction & development		10		1,916		2		66
Real estate – commercial & farmland		19		8,733		5		1,316
Real estate – residential		30		6,365		13		1,961
Consumer installment		11		80		2		26
Total		74	$	17,362		24	$	3,851
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		16		6,396		5		2,789
Real estate – residential		32		6,699		13		1,953
Consumer installment		7		90		2		2
Total		67	$	15,596		25	$	5,301
As of March 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	799		—	$	—
Real estate – construction & development		5		1,883		1		43
Real estate – commercial & farmland		16		8,878		3		3,595
Real estate – residential		26		6,953		3		1,111
Consumer installment		—		—		1		6
Total		52	$	18,513		8	$	4,755

33

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by types of concessions made, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		8	$	1,933		4	$	300
Forgiveness of Principal		4		1,957		1		516
Payment Modification Only		—		—		1		149
Rate Reduction Only		13		6,782		4		1,134
Rate Reduction, Forbearance of Interest		38		5,489		6		230
Rate Reduction, Forbearance of Principal		17		2,687		1		7
Rate Reduction, Payment Modification		—		—		1		29
Total		80	$	18,848		18	$	2,365
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		10	$	2,170		2	$	97
Forgiveness of Principal		3		1,467		1		145
Payment Modification Only		1		280		1		88
Rate Reduction Only		14		7,069		3		913
Rate Reduction, Forbearance of Interest		26		3,252		12		2,411
Rate Reduction, Forbearance of Principal		18		2,976		—		—
Rate Reduction, Payment Modification		—		—		1		29
Total		72	$	17,214		20	$	3,683
As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		2	$	1,843		—	$	—
Forgiveness of Principal		3		1,504		1		207
Payment Modification Only		2		376		—		—
Rate Reduction Only		10		7,033		2		182
Rate Reduction, Forbearance of Interest		17		4,046		2		3,100
Rate Reduction, Forbearance of Principal		18		3,711		1		255
Rate Reduction, Payment Modification		—		—		2		1,011
Total		52	$	18,513		8	$	4,755

34

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by collateral types, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,345		2	$	586
Raw Land		5		1,298		1		29
Agriculture		1		311		1		66
Hotel & Motel		3		2,154		—		—
Office		4		1,652		1		149
Retail, including Strip Centers		6		2,905		1		516
1-4 Family Residential		42		8,027		9		978
Church		1		365		—		—
Automobile/Equipment/Inventory		13		548		3		41
Unsecured		1		243		—		—
Total		80	$	18,848		18	$	2,365

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,346		2	$	592
Raw Land		11		2,345		2		32
Hotel & Motel		3		2,185		—		—
Office		4		1,909		—		—
Retail, including Strip Centers		4		1,095		2		1,680
1-4 Family Residential		36		7,747		9		852
Life Insurance Policy		1		250		—		—
Automobile/Equipment/Inventory		8		92		4		479
Unsecured		1		245		1		48
Total		72	$	17,214		20	$	3,683

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		3	$	1,689		1	$	176
Raw Land		1		1,285		1		43
Hotel & Motel		3		2,273		—		—
Office		4		2,095		1		2,450
Retail, including Strip Centers		6		2,821		1		969
1-4 Family Residential		30		7,550		3		1,111
Life Insurance Policy		1		250		—		—
Automobile/Equipment/Inventory		3		500		1		6
Unsecured		1		50		—		—
Total		52	$	18,513		8	$	4,755

35

As of March 31, 2014 and December 31, 2013, the Company had a balance of $6.5 million and $7.2 million, respectively, in troubled debt restructurings included in purchased non-covered loans. The Company has recorded $345,000 in previous charge-offs on such loans at March 31, 2014. The Company had not recorded any previous charge-offs on such loans at December 31, 2013. At March 31, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings.

The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as accrual and non-accrual at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		7		2,443		2		264
Real estate – commercial & farmland		2		961		2		726
Real estate – residential		12		1,779		4		255
Consumer installment		1		8		2		17
Total		22	$	5,191		11	$	1,268
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		10		3,364		—		—
Real estate – commercial & farmland		3		1,228		1		468
Real estate – residential		8		1,321		8		738
Consumer installment		3		25		—		—
Total		24	$	5,938		10	$	1,212

The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		6		2,244		3		463
Real estate – commercial & farmland		—		—		4		1,687
Real estate – residential		8		1,187		8		847
Consumer installment		1		8		2		17
Total		15	$	3,439		18	$	3,020
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		1		8		2		17
Real estate – commercial & farmland		8		3,068		2		296
Real estate – residential		—		—		4		1,696
Consumer installment		7		1,153		9		906
Total		16	$	4,229		18	$	2,921

36

The following table presents the amount of troubled debt restructurings included in purchased non-covered loans, by types of concessions made, classified separately as accrual and non-accrual at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Principal		1	$	299		—	$	—
Forgiveness of Principal		1		164		1		259
Payment Modification Only		1		61		1		13
Rate Reduction Only		12		2,354		7		491
Rate Reduction, Forbearance of Principal		7		2,313		2		505
Total		22	$	5,191		11	$	1,268

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		1	$	300		—	$	—
Forgiveness of Principal		2		425		—		—
Payment Modification Only		2		75		—		—
Rate Reduction Only		11		2,170		8		707
Rate Reduction, Forbearance of Principal		8		2,968		2		505
Total		24	$	5,938		10	$	1,212

The following table presents the amount of troubled debt restructurings included in purchased non-covered loans, by collateral types, classified separately as accrual and non-accrual at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		1	$	467
Raw Land		5		1,988		—		—
Office		1		798		—		—
Retail, including Strip Centers		1		164		1		259
1-4 Family Residential		15		2,241		6		519
Automobile/Equipment/Inventory		—		—		3		23
Total		22	$	5,191		11	$	1,268

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		1	$	468
Raw Land		6		2,640		—		—
Office		1		803		—		—
Retail, including Strip Centers		2		425		—		—
1-4 Family Residential		13		2,053		8		738
Automobile/Equipment/Inventory		2		17		1		6
Total		24	$	5,938		10	$	1,212

37

As of March 31, 2014, December 31, 2013 and March 31, 2013, the Company had a balance of $22.8 million, $27.3 million and $27.6 million, respectively, in troubled debt restructurings included in covered loans. The Company has recorded $3.2 million, $1.6 million and $6.6 million in previous charge-offs on such loans at March 31, 2014, December 31, 2013 and March 31, 2013, respectively. At March 31, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings.

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	14		5	$	68
Real estate – construction & development		3		3,254		5		49
Real estate – commercial & farmland		14		7,461		7		3,872
Real estate – residential		85		12,046		9		1,031
Consumer installment		—		—		1		5
Total		103	$	22,775		27	$	5,025

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	13		5	$	71
Real estate – construction & development		3		3,256		4		52
Real estate – commercial & farmland		13		7,255		5		3,946
Real estate – residential		83		11,719		8		942
Consumer installment		—		—		2		10
Total		100	$	22,243		24	$	5,021

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	36		1	$	—
Real estate – construction & development		8		5,022		3		788
Real estate – commercial & farmland		13		6,438		6		4,984
Real estate – residential		53		8,266		9		2,016
Consumer installment		—		—		1		6
Total		75	$	19,762		20	$	7,794

38

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at March 31, 2013, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	43		1	$	40
Real estate – construction & development		2		374		6		2,928
Real estate – commercial & farmland		18		6,962		3		4,370
Real estate – residential		75		9,576		19		3,502
Consumer installment		1		5		—		—
Total		101	$	16,960		29	$	10,840
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	45		1	$	40
Real estate – construction & development		5		3,273		2		34
Real estate – commercial & farmland		15		7,543		3		3,658
Real estate – residential		68		9,206		23		3,455
Consumer installment		2		10		—		—
Total		95	$	20,077		29	$	7,187
As of March 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	36		1	$	—
Real estate – construction & development		8		5,022		3		788
Real estate – commercial & farmland		14		6,603		5		4,819
Real estate – residential		52		8,373		10		1,909
Consumer installment		1		6		—		—
Total		76	$	20,040		19	$	7,516

39

The following table presents the amount of troubled debt restructurings included in covered loans, by types of concessions made, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		4	$	127
Forgiveness of Principal		—		—		—		—
Payment Modification Only		—		—		—		—
Rate Reduction Only		90		18,578		10		1,043
Rate Reduction, Forbearance of Interest		3		88		8		471
Rate Reduction, Forbearance of Principal		9		3,259		5		3,384
Rate Reduction, Payment Modification		1		850		—		—
Total		103	$	22,775		27	$	5,025

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		3	$	98
Forgiveness of Principal		—		—		—		—
Payment Modification Only		—		—		—		—
Rate Reduction Only		89		18,687		9		953
Rate Reduction, Forbearance of Interest		3		88		8		478
Rate Reduction, Forbearance of Principal		7		2,613		4		3,492
Rate Reduction, Payment Modification		1		855		—		—
Total		100	$	22,243		24	$	5,021

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		3	$	232		6	$	1,077
Forgiveness of Principal		—		—		1		—
Payment Modification Only		—		—		—		—
Rate Reduction Only		61		15,897		8		1,820
Rate Reduction, Forbearance of Interest		4		456		2		1,362
Rate Reduction, Forbearance of Principal		6		2,322		3		3,535
Rate Reduction, Payment Modification		1		855		—		—
Total		75	$	19,762		20	$	7,794

40

The following table presents the amount of troubled debt restructurings included in covered loans, by collateral types, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		2	$	486
Raw Land		1		374		5		59
Hotel & Motel		7		4,867		—		—
Office		2		1,342		1		73
Retail, including Strip Centers		5		3,819		3		3,287
1-4 Family Residential		87		12,359		11		1,052
Automobile/Equipment/Inventory		—		—		5		68
Unsecured		1		14		—		—
Total		103	$	22,775		27	$	5,025

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		1	$	377
Raw Land		1		375		3		37
Hotel & Motel		6		5,118		1		155
Office		1		855		1		78
Retail, including Strip Centers		6		3,853		2		3,337
1-4 Family Residential		85		12,029		11		966
Automobile/Equipment/Inventory		—		—		5		71
Unsecured		1		13		—		—
Total		100	$	22,243		24	$	5,021

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		1	$	379		—	$	—
Raw Land		4		2,496		2		772
Hotel & Motel		6		3,650		1		166
Office		1		855		1		87
Retail, including Strip Centers		7		3,769		4		4,732
1-4 Family Residential		54		8,563		11		2,037
Automobile/Equipment/Inventory		1		36		1		—
Unsecured		1		14		—		—
Total		75	$	19,762		20	$	7,794

41

Allowance for Loan Losses

The allowance for loan losses represents a reserve for inherent 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 a particular emphasis on non-accruing, past due and other loans that management believes might be potentially impaired or warrant additional attention. The Company segregates the loan portfolio by type of loan and utilizes this segregation in evaluating exposure to risks within the portfolio. In addition, based on internal reviews and external reviews performed by independent auditors and regulatory authorities, the Company further segregates the loan portfolio by loan grades based on an assessment of risk for a particular loan or group of loans. Certain reviewed loans are assigned specific allowances when a review of relevant data determines that a general allocation is not sufficient or when the review affords management the opportunity to adjust the amount of exposure in a given credit. In establishing allowances, management considers historical loan loss experience but adjusts this data with a significant emphasis on data such as current loan quality trends, current economic conditions and other factors in the markets where the Company operates. Factors considered include, among others, current valuations of real estate in their markets, unemployment rates, the effect of weather conditions on agricultural related entities and other significant local economic events.

The Company has developed a methodology for determining the adequacy of the allowance for loan losses which is monitored by the Company’s Chief Credit Officer. Procedures provide for the assignment of a risk rating for every loan included in the total loan portfolio, with the exception of credit card receivables and overdraft protection loans which are treated as pools for risk rating purposes. The risk rating schedule provides nine ratings of which five ratings are classified as pass ratings and four ratings are classified as criticized ratings. Each risk rating is assigned a percentage factor to be applied to the loan balance to determine the adequate amount of reserve. Many of the larger loans require an annual review by an independent loan officer or an independent third party loan review firm. As a result of these loan reviews, certain loans may be assigned specific reserve allocations. Other loans that surface as problem loans may also be assigned specific reserves. Past due loans are assigned risk ratings based on the number of days past due. The calculation of the allowance for loan losses, including underlying data and assumptions, is reviewed regularly by the Company’s Chief Financial Officer and the Director of Internal Audit.

Loan losses are charged against the allowance when management believes the collection of a loan’s principal is unlikely. Subsequent recoveries are credited to the allowance. Consumer loans are charged-off in accordance with the Federal Financial Institutions Examination Council’s Uniform Retail Credit Classification and Account Management Policy. Commercial loans are charged-off when they are deemed uncollectible, which usually involves a triggering event within the collection effort. If the loan is collateral dependent, the loss is more easily identified and is charged-off when it is identified, usually based upon receipt of an appraisal. However, when a loan has guarantor support, the Company may carry the estimated loss as a reserve against the loan while collection efforts with the guarantor are pursued. If, after collection efforts with the guarantor are complete, the deficiency is still considered uncollectible, the loss is charged-off and any further collections are treated as recoveries. In all situations, when a loan is downgraded to an Asset Quality Rating of 60 (Loss per the regulatory guidance), the uncollectible portion is charged-off.

During the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013, the Company recorded provision for loan loss expense of $225,000, $1.5 million and $320,000, respectively, to account for losses where the initial estimate of cash flows was found to be excessive on loans acquired in FDIC-assisted transactions. These amounts are excluded from the rollforwards above and below but are reflected in the Company’s Consolidated Statements of Earnings.

42

The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2014	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Provision for loan losses		1,090			337			622			(656	)		108			1,501
Loans charged off		(743	)		(65	)		(533	)		(181	)		(84	)		(1,606	)
Recoveries of loans previously charged off		49			108			143			83			89			472
Balance, March 31, 2014	$	2,219		$	5,918		$	8,625		$	5,280		$	702		$	22,744
Period-end amount allocated to:
Loans individually evaluated for impairment	$	318		$	631		$	1,994		$	1,133		$	—		$	4,076
Loans collectively evaluated for impairment		1,901			5,287			6,631			4,147			702			18,668
Ending balance	$	2,219		$	5,918		$	8,625		$	5,280		$	702		$	22,744
Loans:
Individually evaluated for impairment	$	2,837		$	3,817		$	16,832		$	14,602		$	—		$	38,088
Collectively evaluated for impairment		267,734			145,726			819,398			378,399			46,037			1,657,294
Ending balance	$	270,571		$	149,543		$	836,230		$	393,001		$	46,037		$	1,695,382

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		711			1,742			2,777			4,463			254			9,947
Loans charged off		(1,759	)		(2,020	)		(3,571	)		(5,215	)		(719	)		(13,284	)
Recoveries of loans previously charged off		432			473			30			888			298			2,121
Balance, December 31, 2013	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Period-end amount allocated to:
Loans individually evaluated for impairment	$	356		$	407		$	1,427		$	1,395		$	—		$	3,585
Loans collectively evaluated for impairment		1,467			5,131			6,966			4,639			589			18,792
Ending balance	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Loans:
Individually evaluated for impairment	$	3,457		$	3,581		$	15,240		$	16,925		$	—		$	39,203
Collectively evaluated for impairment		240,916			142,790			793,083			349,957			52,505			1,579,251
Ending balance	$	244,373		$	146,371		$	808,323		$	366,882		$	52,505		$	1,618,454

43

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		254			1,467			696			339			(153	)		2,603
Loans charged off		(410	)		(655	)		(1,025	)		(779	)		(167	)		(3,036	)
Recoveries of loans previously charged off		84			2			3			85			48			222
Balance, March 31, 2013	$	2,367		$	6,157		$	8,831		$	5,543		$	484		$	23,382
Period-end amount allocated to:
Loans individually evaluated for impairment	$	675		$	641		$	1,890		$	1,203		$	—		$	4,409
Loans collectively evaluated for impairment		1,692			5,516			6,941			4,340			484			18,973
Ending balance	$	2,367		$	6,157		$	8,831		$	5,543		$	484		$	23,382
Loans:
Individually evaluated for impairment	$	3,334		$	8,281		$	19,545		$	14,069		$	—		$	45,229
Collectively evaluated for impairment		177,554			121,880			746,682			352,987			48,421			1,447,524
Ending balance	$	180,888		$	130,161		$	766,227		$	367,056		$	48,421		$	1,492,753

44

NOTE 6 – ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS

From October 2009 through July 2012, the Company participated in ten FDIC-assisted acquisitions whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include the following:

Bank Acquired	Location	Branches	Date Acquired
American United Bank (“AUB”)	Lawrenceville, Ga.	1	October 23, 2009
United Security Bank (“USB”)	Sparta, Ga.	2	November 6, 2009
Satilla Community Bank (“SCB”)	St. Marys, Ga.	1	May 14, 2010
First Bank of Jacksonville (“FBJ”)	Jacksonville, Fl.	2	October 22, 2010
Tifton Banking Company (“TBC”)	Tifton, Ga.	1	November 12, 2010
Darby Bank & Trust (“DBT”)	Vidalia, Ga.	7	November 12, 2010
High Trust Bank (“HTB”)	Stockbridge, Ga.	2	July 15, 2011
One Georgia Bank (“OGB”)	Midtown Atlanta, Ga.	1	July 15, 2011
Central Bank of Georgia (“CBG”)	Ellaville, Ga.	5	February 24, 2012
Montgomery Bank & Trust (“MBT”)	Ailey, Ga.	2	July 6, 2012

The determination of the initial fair values of loans at the acquisition date and the initial fair values of the related FDIC indemnification assets involves a high degree of judgment and complexity. The carrying values of the acquired loans and the FDIC indemnification assets reflect management’s best estimate of the fair value of each of these assets as of the date of acquisition. However, the amount that the Company realizes on these assets could differ materially from the carrying values reflected in the financial statements included in this report, based upon the timing and amount of collections on the acquired loans in future periods. Because of the loss-sharing agreements with the FDIC on these assets, the Company does not expect to incur any significant losses. To the extent the actual values realized for the acquired loans are different from the estimates, the indemnification assets will generally be affected in an offsetting manner due to the loss-sharing support from the FDIC.

FASB ASC 310 – 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310”), applies to a loan with evidence of deterioration of credit quality since origination, acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. ASC 310 prohibits carrying over or creating an allowance for loan losses upon initial recognition for loans which fall under the scope of this statement. At the acquisition dates, a majority of these loans were valued based on the liquidation value of the underlying collateral because the future cash flows are primarily based on the liquidation of underlying collateral. There was no allowance for credit losses established related to these ASC 310 loans at the acquisition dates, based on the provisions of this statement. Over the life of the acquired loans, the Company continues to estimate cash flows expected to be collected. If the expected cash flows expected to be collected increases, then the Company adjusts the amount of accretable discount recognized on a prospective basis over the loan’s remaining life. If the expected cash flows expected to be collected decreases, then the Company records a provision for loan loss in its Consolidated Statement of Operations.

45

The following table summarizes components of all covered assets at March 31, 2014, December 31, 2013 and March 31, 2013 and their origin:

	Covered loans		Less: Credit risk adjustments		Less: Liquidity and rate adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
As of March 31, 2014:	(Dollars in thousands)
AUB	$	13,629	$	220	$	—	$	13,409	$	4,264	$	—	$	4,264	$	17,673	$	1,190
USB		15,668		935		—		14,733		3,366		135		3,231		17,964		535
SCB		33,896		1,274		—		32,622		3,122		303		2,819		35,441		2,781
FBJ		24,281		2,768		—		21,513		1,850		253		1,597		23,110		3,034
DBT		100,909		13,138		—		87,771		12,250		1,092		11,158		98,929		14,947
TBC		31,576		2,119		—		29,457		4,681		761		3,920		33,377		3,425
HTB		61,560		6,596		34		54,930		7,263		2,349		4,914		59,844		8,540
OGB		55,569		4,564		89		50,916		8,169		2,984		5,185		56,101		6,815
CBG		77,767		10,364		60		67,343		7,127		1,579		5,548		72,891		11,914
Total	$	414,855	$	41,978	$	183	$	372,694	$	52,092	$	9,456	$	42,636	$	415,330	$	53,181
	Covered loans		Less: Credit risk adjustments		Less: Liquidity and rate adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
As of December 31, 2013:	(Dollars in thousands)
AUB	$	15,787	$	231	$	—	$	15,556	$	4,264	$	—	$	4,264	$	19,820	$	1,452
USB		18,504		1,427		—		17,077		2,865		141		2,724		19,801		889
SCB		34,637		1,483		—		33,154		3,461		303		3,158		36,312		3,175
FBJ		25,891		3,730		—		22,161		1,880		242		1,638		23,799		3,689
DBT		105,157		17,819		—		87,338		17,023		1,282		15,741		103,079		18,724
TBC		32,590		2,340		14		30,236		4,844		745		4,099		34,335		3,721
HTB		67,126		7,321		38		59,767		6,374		2,304		4,070		63,837		9,325
OGB		58,512		4,969		98		53,445		7,506		2,984		4,522		57,967		9,645
CBG		85,118		13,535		80		71,503		7,610		1,933		5,677		77,180		14,821
Total	$	443,322	$	52,855	$	230	$	390,237	$	55,827	$	9,934	$	45,893	$	436,130	$	65,441

46

	Covered loans		Less: Credit risk adjustments		Less: Liquidity and rate adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
As of March 31, 2013:	(Dollars in thousands)
AUB	$	25,001	$	2,508	$	—	$	22,493	$	8,079	$	100	$	7,979	$	30,472	$	4,176
USB		25,921		3,879		—		22,042		5,379		139		5,240		27,282		9,932
SCB		40,008		3,189		—		36,819		6,670		299		6,371		43,190		8,189
FBJ		31,479		5,662		11		25,806		1,450		93		1,357		27,163		6,840
DBT		146,178		35,461		83		110,634		25,990		1,895		24,095		134,729		37,333
TBC		42,302		4,450		133		37,719		10,478		1,814		8,664		46,383		8,050
HTB		82,202		14,068		49		68,085		14,823		3,445		11,378		79,463		21,423
OGB		73,279		14,877		127		58,275		10,384		4,144		6,240		64,515		18,687
CBG		109,596		30,605		140		78,851		8,424		1,833		6,591		85,442		46,349
Total	$	575,966	$	114,699	$	543	$	460,724	$	91,677	$	13,762	$	77,915	$	538,639	$	160,979

47

On the dates of acquisition, the Company estimated the future cash flows on each individual loan and made the necessary adjustments to reflect the asset at fair value. At each quarter end subsequent to the acquisition dates, the Company revises the estimates of future cash flows based on current information and makes the necessary adjustments to continue reflecting the assets at fair value. The adjustments to fair value are performed on a loan-by-loan basis and have resulted in the following:

Total Amounts	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount)	$	5,622	$	51,003	$	4,052
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		1,125		7,695		1,600

Amounts reflected in the Company’s Statement of Earnings	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount)	$	1,124	$	10,201	$	810
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		225		1,539		320

A rollforward of acquired loans with deterioration of credit quality for the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013 is shown below:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	217,047		$	282,737		$	282,737
Change in estimate of cash flows, net of charge-offs or recoveries		4,659			35,306			(5,391	)
Additions due to acquisitions		—			—			—
Other (loan payments, transfers, etc.)		(16,505	)		(100,996	)		(22,279	)
Ending balance	$	205,201		$	217,047		$	255,067

A rollforward of acquired loans without deterioration of credit quality for the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013 is shown below:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	173,190		$	228,602		$	228,602
Change in estimate of cash flows, net of charge-offs or recoveries		2,571			13,471			(2,625	)
Additions due to acquisitions		—			—			—
Other (loan payments, transfers, etc.)		(8,268	)		(68,883	)		(20,229	)
Ending balance	$	167,493		$	173,190		$	205,748

48

The following is a summary of changes in the accretable discounts of acquired loans during the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	25,493		$	16,698		$	16,698
Additions due to acquisitions		—			—			—
Accretion		(15,024	)		(42,208	)		(7,218	)
Other activity, net		5,622			51,003			4,052
Ending balance	$	16,091		$	25,493		$	13,532

The shared-loss agreements are subject to the servicing procedures as specified in the agreement with the FDIC. The expected reimbursements under the shared-loss agreements were recorded as an indemnification asset at their estimated fair values on the acquisition dates. Changes in the FDIC shared-loss receivable for the three months ended March 31, 2014, for the year ended December 31, 2013 and for the three months ended March 31, 2013 are as follows:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	65,441		$	159,724		$	159,724
Indemnification asset recorded in acquisitions		—			—			—
Payments received from FDIC		(6,773	)		(68,822	)		(6,324	)
Effect of change in expected cash flows on covered assets		(5,487	)		(25,461	)		7,579
Ending balance	$	53,181		$	65,441		$	160,979

NOTE 7 – WEIGHTED AVERAGE SHARES OUTSTANDING

Earnings per share have been computed based on the following weighted average number of common shares outstanding:

	For the Three Months Ended March 31,
	2014		2013
	(share data in thousands)
Basic shares outstanding		25,144		23,868
Plus: Dilutive effect of ISOs		95		63
Plus: Dilutive effect of Restricted Grants		334		315
Diluted shares outstanding		25,573		24,246

For the quarters ended March 31, 2014 and 2013, the Company has excluded 268,000 and 408,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive.

49

NOTE 8 – OTHER BORROWINGS

The Company has, from time to time, utilized certain borrowing arrangements with various financial institutions to fund growth in earning assets or provide additional liquidity when appropriate spreads can be realized. At March 31, 2014 and December 31, 2013, there were $59.7 million and $194.6 million, respectively, outstanding borrowings with the Company’s correspondent banks. At March 31, 2013, there were no outstanding borrowings with the Company’s correspondent banks.

Other borrowings consist of the following:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36%	$	25,000	$	—	$	—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014		—		165,000		—
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.24% at March 31, 2014) due in August 2016, secured by subsidiary bank stock		10,000		10,000		—
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable				—		—
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at March 31, 2014)		5,000		5,000		—
Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.98% at March 31, 2014)		14,714		14,572		—
Total	$	59,677	$	194,572	$	—

NOTE 9 – COMMITMENTS AND CONTINGENCIES

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets.

The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company uses the same credit policies in making commitments and conditional obligations as are used for on-balance-sheet instruments.

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.

The Company issues standby letters of credit, which are conditional commitments issued to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements and expire in decreasing amounts with varying terms. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company holds various assets as collateral supporting those commitments for which collateral is deemed necessary.

The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held may include accounts receivable, inventory, property, plant and equipment, residential real estate and income-producing commercial properties.

The Company’s commitments to extend credit and standby letters of credit are presented in the following table:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commitments to extend credit	$	271,072	$	257,195	$	190,813
Standby letters of credit	$	7,961	$	7,665	$	6,747

50

NOTE 10 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income for the Company consists of changes in net unrealized gains and losses on investment securities available for sale and interest rate swap derivatives. The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of March 31, 2014 and 2013.

(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2014	$	1,397		$	(1,691	)	$	(294	)
Reclassification for gains included in net income		—			(4	)		(4	)
Current year changes		(266	)		2,938			2,672
Balance, March 31, 2014	$	1,131		$	1,243		$	2,374

(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2013	$	(23	)	$	6,630		$	6,607
Reclassification for gains included in net income		—			(112	)		(112	)
Current year changes		208			(429	)		(221	)
Balance, March 31, 2013	$	185		$	6,089		$	6,274

NOTE 11 – SEGMENT REPORTING

The following tables present selected financial information with respect to the Company’s reportable business segments for the three- month periods ended March 31, 2014 and 2013.

	Three Months Ended March 31, 2014						Three Months Ended March 31, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	33,384	$	1,100	$	34,484	$	27,766	$	572	$	28,338
Provision for loan losses		1,726		—		1,726		2,923		—		2,923
Noninterest income		7,590		5,164		12,754		6,896		4,464		11,360
Noninterest expense:
Salaries and employee benefits		13,826		3,568		17,394		11,037		2,769		13,806
Equipment and occupancy expenses		3,762		302		4,064		2,765		166		2,931
Data processing and telecommunications expenses		3,332		122		3,454		2,471		99		2,570
Other expenses		7,512		815		8,327		8,890		687		9,577
Total noninterest expense		28,432		4,807		33,239		25,163		3,721		28,884
Income before income tax expense		10,816		1,457		12,273		6,576		1,315		7,891
Income tax expense		3,413		510		3,923		2,146		460		2,606
Net income		7,403		947		8,350		4,430		855		5,285
Less preferred stock dividends		286		—		286		441		—		441
Net income available to common shareholders	$	7,117	$	947	$	8,064	$	3,989	$	855	$	4,844
Total assets	$	3,359,912	$	128,072	$	3,487,984	$	2,784,883	$	76,768	$	2,861,651
Stockholders’ equity		296,978		3,052		300,030		282,851		871		283,722

51

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Cautionary Note Regarding Any Forward-Looking Statements

Certain of the statements made in this report are “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions and future performance and involve known and unknown risks, uncertainties and other factors, many of which may be beyond our control and which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “predict,” “could,” “intend,” “target,” “potential” and other similar words and expressions of the future. These forward-looking statements may not be realized due to a variety of factors, including, without limitation, legislative and regulatory initiatives; additional competition in our markets; potential business strategies, including acquisitions or dispositions of assets or internal restructuring, that may be pursued by us; state and federal banking regulations; changes in or application of environmental and other laws and regulations to which we are subject; political, legal and economic conditions and developments; financial market conditions and the results of financing efforts; changes in commodity prices and interest rates; weather, natural disasters and other catastrophic events; and other factors discussed in our filings with the Securities and Exchange Commission under the Exchange Act.

All written or oral forward-looking statements that are made by or are attributable to us are expressly qualified in their entirety by this cautionary notice. Our forward-looking statements apply only as of the date of this report or the respective date of the document from which they are incorporated herein by reference. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date of this report, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events or otherwise.

52

Selected Financial Data

The following table sets forth unaudited selected financial data for the previous five quarters. This data should be read in conjunction with the consolidated financial statements and the notes thereto and the information contained in this Item 2.

	2014			2013
(in thousands, except share data, taxable equivalent)	First Quarter			Fourth Quarter			Third Quarter			Second Quarter			First Quarter
Results of Operations:
Net interest income	$	34,484		$	29,051		$	29,320		$	29,476		$	28,338
Net interest income (tax equivalent)		34,808			29,325			29,542			29,666			28,695
Provision for loan losses		1,726			1,478			2,920			4,165			2,923
Non-interest income		12,754			11,517			12,288			11,384			11,360
Non-interest expense		33,239			37,624			28,749			26,688			28,884
Income tax expense		3,923			88			3,262			3,329			2,606
Preferred stock dividends		286			412			443			442			441
Net income available to common shareholders		8,064			966			6,234			6,236			4,844
Selected Average Balances:
Mortgage loans held for sale	$	49,397		$	65,683		$	61,249		$	48,890		$	32,639
Loans, net of unearned income		1,639,672			1,602,942			1,564,311			1,523,654			1,455,687
Purchased non-covered loans		441,138			43,900			—			—			—
Covered loans		379,460			401,045			427,482			444,616			491,691
Investment securities		462,343			327,993			312,541			321,582			340,564
Earning assets		3,091,546			2,625,178			2,439,771			2,397,834			2,428,720
Assets		3,521,588			2,937,434			2,806,799			2,820,863			2,875,274
Deposits		2,975,305			2,552,819			2,439,150			2,448,171			2,511,511
Common shareholders’ equity		290,462			248,429			246,489			251,240			251,214
Period-End Balances:
Mortgage loans held for sale	$	51,693		$	67,278		$	69,634		$	62,580		$	42,332
Loans, net of unearned income		1,695,382			1,618,454			1,589,267			1,555,827			1,492,753
Purchased non-covered loans		437,269			448,753			—			—			—
Covered loans		372,694			390,237			417,649			443,517			460,724
Earning assets		3,062,428			3,215,941			2,462,697			2,421,996			2,401,043
Total assets		3,487,984			3,667,649			2,818,502			2,808,675			2,861,651
Deposits		3,010,647			2,999,231			2,443,421			2,443,103			2,489,973
Common shareholders’ equity		300,030			288,699			262,418			259,932			255,969
Per Common Share Data:
Earnings per share – Basic	$	0.32		$	0.04		$	0.26		$	0.26		$	0.20
Earnings per share – Diluted		0.32			0.04			0.26			0.26			0.20
Common book value per share		11.93			11.50			10.98			10.88			10.72
End of period shares outstanding		25,159,073			25,098,427			23,907,509			23,894,327			23,875,680
Weighted average shares outstanding
Basic		25,144,342			24,021,447			23,900,665			23,878,898			23,867,691
Diluted		25,573,320			24,450,619			24,315,821			24,287,628			24,246,346
Market Data:
High closing price	$	24.00		$	21.42		$	19.79		$	16.94		$	14.51
Low closing price		19.86			17.69			17.35			13.16			12.79
Closing price for quarter		23.30			21.11			18.38			16.85			14.35
Average daily trading volume		103,279			94,636			75,545			53,403			51,887
Cash dividends per share		—			—			—			—			—
Stock dividend		—			—			—			—			—
Closing price to book value		1.95			1.84			1.67			1.55			1.34
Performance Ratios:
Return on average assets		0.96	%		0.19	%		0.94	%		0.95	%		0.75	%
Return on average common equity		11.66	%		2.20	%		10.75	%		10.66	%		8.53	%
Average loan to average deposits		84.35	%		82.79	%		84.17	%		82.39	%		78.84	%
Average equity to average assets		9.04	%		9.41	%		9.78	%		9.93	%		9.70	%
Net interest margin (tax equivalent)		4.57	%		4.43	%		4.80	%		4.96	%		4.79	%
Efficiency ratio (tax equivalent)		70.36	%		92.74	%		69.09	%		65.32	%		72.76	%

53

Overview

The following is management’s discussion and analysis of certain significant factors which have affected the financial condition and results of operations of the Company as reflected in the unaudited consolidated balance sheet as of March 31, 2014, as compared to December 31, 2013, and operating results for the three month periods ended March 31, 2014 and 2013. These comments should be read in conjunction with the Company’s unaudited consolidated financial statements and accompanying notes appearing elsewhere herein.

Results of Operations for the Three Months Ended March 31, 2014

Consolidated Earnings and Profitability

Ameris reported net income available to common shareholders of $8.1 million, or $0.32 per diluted share, for the quarter ended March 31, 2014, compared to $4.8 million, or $0.20 per diluted share, for the same quarter in 2013. The Company’s return on average assets and average stockholders’ equity in the first quarter of 2014 were 0.96% and 11.66%, respectively, compared to 0.75% and 8.53%, respectively, in the first quarter of 2013. The Company’s mortgage banking activities have had a significant impact on the overall financial results of the Company. Below is a more detailed analysis of the retail banking activities and mortgage banking activities of the Company.

	Retail Banking		Mortgage Banking		Total
	(in thousands)
As of March 31, 2014:
Net interest income	$	33,384	$	1,100	$	34,484
Provision for loan losses		1,726		—		1,726
Non-interest income		7,590		5,164		12,754
Non-interest expense
Salaries and employee benefits		13,826		3,568		17,394
Occupancy		3,762		302		4,064
Data Processing		3,332		122		3,454
Other expenses		7,512		815		8,327
Total non-interest expense		28,432		4,807		33,239
Income before income taxes		10,816		1,457		12,273
Income tax expense		3,413		510		3,923
Net income		7,403		947		8,350
Preferred stock dividends		286		—		286
Net income available to common Shareholders	$	7,117	$	947	$	8,064
	Retail Banking		Mortgage Banking		Total
	(in thousands)
As of March 31, 2013:
Net interest income	$	27,766	$	572	$	28,338
Provision for loan losses		2,923		—		2,923
Non-interest income		6,896		4,464		11,360
Non-interest expense
Salaries and employee benefits		11,037		2,769		13,806
Occupancy		2,765		166		2,931
Data Processing		2,471		99		2,570
Other expenses		8,890		687		9,577
Total non-interest expense		25,163		3,721		28,884
Income before income taxes		6,576		1,315		7,891
Income tax expense		2,146		460		2,606
Net income		4,430		855		5,285
Preferred stock dividends		441		—		441
Net income available to common Shareholders	$	3,989	$	855	$	4,844

54

Net Interest Income and Margins

On a tax equivalent basis, net interest income for the first quarter of 2014 was $34.8 million, an increase of $6.4 million compared to the same quarter in 2013. The higher net interest income is a result of the acquisition of The Prosperity Banking Company during the fourth quarter of 2013, along with steady yields on the loan portfolio, lower levels of excess liquidity than in previous quarters and steady decreases in the Company’s cost of funds. The Company’s net interest margin decreased during the first quarter of 2014 to 4.57%, compared to 4.74% during the first quarter of 2013, but increased compared to 4.43% reported in the fourth quarter of 2013.

Total interest income, on a tax equivalent basis, during the first quarter of 2014 was $38.2 million compared to $30.9 million in the same quarter of 2013. Yields on earning assets fell slightly to 5.01%, compared to 5.17% reported in the first quarter of 2013. During the first quarter of 2014, loans comprised 81.2% of earning assets, compared to 81.5% in the same quarter of 2013. Increased lending activities have provided opportunities to grow the legacy loan portfolio. Yields on legacy loans decreased to 5.11% in the first quarter of 2014, compared to 5.46% in the same period of 2013. Covered loan yields remained stable at 7.23% in the first quarter of 2014 and 2013. The yield on purchased non-covered loans was 6.31% for the first quarter of 2014. Management anticipates improving economic conditions and increased loan demand will provide consistent interest income.

Total funding costs increased slightly to 0.43% in the first quarter of 2014, compared to 0.40% during the first quarter of 2013. Deposit costs decreased from 0.36% in the first quarter of 2013 to 0.30% in the first quarter of 2014. Continued shifts in the funding mix toward noninterest-bearing demand and other lower cost deposit categories was the primary reason for the decline. Ongoing efforts to maintain the percentage of funding from transaction deposits have succeeded such that non-CD deposits averaged 75.1% of total deposits in the first quarter of 2014, compared to 72.1% during the first quarter of 2013. Lower costs on deposits were realized due mostly to the lower rate environment and the Company’s ability to be less competitive on higher priced CDs due to its larger than normal position in short-term assets. Further opportunity to realize savings on deposits exists but may be limited due to current costs. Average balances of interest-bearing deposits and their respective costs for the first quarter of 2014 and 2013 are shown below:

(Dollars in Thousands)	March 31, 2014					March 31, 2013
	Average Balance		Average Cost			Average Balance		Average Cost
NOW	$	675,199		0.17	%	$	633,313		0.19	%
MMDA		749,150		0.37	%		592,842		0.36	%
Savings		143,109		0.10	%		102,380		0.11	%
Retail CDs < $100,000		373,523		0.53	%		313,191		0.64	%
Retail CDs > $100,000		361,861		0.72	%		368,577		0.78	%
Brokered CDs		5,970		3.26	%		19,448		3.52	%
Interest-bearing deposits	$	2,308,812		0.38	%	$	2,029,751		0.44	%

Provision for Loan Losses and Credit Quality

The Company’s provision for loan losses during the first quarter of 2014 amounted to $1.7 million, compared to $1.5 million in the fourth quarter of 2013 and to $2.9 million in the first quarter of 2013. Although the Company has experienced improving trends in criticized and classified assets for several quarters, provision for loan losses has still been required to account for loan growth and slight devaluation of real estate collateral. At March 31, 2014, classified loans still accruing totaled $39.7 million, compared to $28.6 million at March 31, 2013. This increase is predominately due to the addition of classified loans in the Prosperity Bank acquisition. Nonaccrual loans, excluding purchased non-covered and covered loans, totaled $26.7 million at March 31, 2014, a 28.7% decrease from $37.5 million reported at the end of the first quarter of 2013. Nonaccrual purchased non-covered loans totaled $15.3 million at March 31, 2014.

At March 31, 2014, OREO (excluding purchased non-covered and covered OREO) totaled $33.8 million, compared to $40.4 million at March 31, 2013. Purchased non-covered OREO totaled $3.9 million at March 31, 2014. Management regularly assesses the valuation of OREO through periodic reappraisal and through inquiries received in the marketing process. The Company has found that with a marketing window of 3-6 months, the liquidation of properties varies from 85% to 100% of current book value. Certain properties, mostly raw land and subdivision lots, have extended marketing periods because of excessive inventory and record low home building activity. At the end of the first quarter of 2014, total non-covered non-performing assets decreased to 2.29% of total assets compared to 2.72% at March 31, 2013. Management continues to aggressively identify and resolve problem assets while seeking quality credits to grow the loan portfolio.

Net charge-offs on loans during the first quarter of 2014 decreased to $1.1 million, or 0.27% of loans on an annualized basis, compared to $2.8 million, or 0.76% of loans, in the first quarter of 2013. The Company’s allowance for loan losses at March 31, 2014 was $22.7 million, or 1.34% of total loans, compared to $23.4 million, or 1.57% of total loans, at March 31, 2013.

55

Noninterest Income

Total noninterest income for the first quarter of 2014 was $12.8 million, compared to $11.4 million in the first quarter of 2013. Income from mortgage related activities continued to increase as a result of the Company’s increased number of mortgage bankers and higher level of productions. Service charges on deposit accounts in the first quarter of 2014 increased to $5.6 million, compared to $4.8 million in the first quarter of 2013. This increase was driven by the growth of core accounts through the acquisition of Prosperity Bank during the fourth quarter of 2013, along with higher balances in accounts subject to service charges.

Noninterest Expense

Total noninterest expense for the first quarter of 2014 increased to $33.2 million, compared to $28.9 million at the same time in 2013. Increases in noninterest expenses were primarily the result of the acquisition of Prosperity Bank during the fourth quarter of 2013 and additional expenses related to increases in mortgage volume. Salaries and employee benefits increased from $13.8 million in the first quarter of 2013 to $17.4 million in the first quarter of 2014. Occupancy and equipment expense increased during the quarter from $2.9 million in the first quarter of 2013 to $4.1 million in the first quarter of 2014. Total data processing and telecommunications expense in the first quarter of 2014 was $3.5 million, compared to $2.6 million in the first quarter of 2013. Credit related expenses, including problem loan and OREO expense and OREO write-downs and losses, decreased to $2.2 million in the first quarter of 2014, compared to $4.8 million in the first quarter of 2013 due to improved economic conditions.

Income taxes

Income tax expense is influenced by the amount of taxable income, the amount of tax-exempt income and the amount of non-deductible expenses. For the first quarter of 2014, the Company reported income tax expense of $3.9 million, compared to $2.6 million in the same period of 2013. The Company’s effective tax rate for the three months ended March 31, 2014 and 2013 was 32.0% and 33.0%, respectively.

Balance Sheet Comparison

Securities

Debt securities with readily determinable fair values are classified as available for sale and recorded at fair value with unrealized gains and losses excluded from earnings and reported in accumulated other comprehensive income, net of the related deferred tax effect. Equity securities, including restricted equity securities, are classified as other investment securities and are recorded at their fair market value.

The amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the life of the securities. Realized gains and losses, determined on the basis of the cost of specific securities sold, are included in earnings on the settlement date. Declines in the fair value of securities below their cost that are deemed to be other-than-temporary are reflected in earnings as realized losses.

In determining whether other-than-temporary impairment losses exist, management considers (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.

Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Substantially all of the unrealized losses on debt securities are related to changes in interest rates and do not affect the expected cash flows of the issuer or underlying collateral. All unrealized losses are considered temporary because each security carries an acceptable investment grade and the Company does not intend to sell these investment securities at an unrealized loss position at March 31, 2014, and it is more likely than not that the Company will not be required to sell these securities prior to recovery or maturity. Therefore, at March 31, 2014, these investments are not considered impaired on an other-than temporary basis.

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The following table illustrates certain information regarding the Company’s investment portfolio with respect to yields, sensitivities and expected cash flows over the next twelve months assuming constant prepayments and maturities:

	Book Value		Fair Value		Yield			Modified Duration		Estimated Cash Flows 12 months
	Dollars in Thousands
March 31, 2014:
U.S. government agencies	$	14,948	$	14,145		1.85	%		5.56	$	—
State, county and municipal securities	$	110,331	$	111,574		3.61	%		5.34	$	4,566
Corporate debt securities	$	10,307	$	10,383		6.52	%		7.23	$	—
Mortgage-backed securities	$	319,216	$	320,611		2.58	%		4.05	$	51,282
Total debt securities	$	454,802	$	456,713		3.53	%		4.48	$	55,848
March 31, 2013:
U.S. government agencies	$	5,000	$	5,015		1.50	%		0.82	$	5,000
State, county and municipal securities	$	110,628	$	115,532		3.77	%		5.75	$	8,698
Corporate debt securities	$	10,542	$	10,297		6.63	%		7.42	$	—
Mortgage-backed securities	$	188,492	$	193,185		2.44	%		3.41	$	42,921
Total debt securities	$	314,662	$	324,029		3.04	%		4.33	$	56,619

Loans and Allowance for Loan Losses

At March 31, 2014, gross loans outstanding (including purchased non-covered and covered loans and mortgage loans held for sale) were $2.56 billion, a slight increase compared to the $2.52 billion reported at December 31, 2013. Mortgage loans held for sale decreased from $67.3 million at December 31, 2013 to $51.7 million at March 31, 2014. Legacy loans (excluding purchased non-covered and covered loans) increased $76.9 million, from $1.62 billion at December 31, 2013 to $1.70 billion at March 31, 2014. Purchased non-covered loans decreased $11.5 million, from $448.8 million at December 31, 2013 to $437.3 million at March 31, 2014. Covered loans decreased $17.5 million, from $390.2 million at December 31, 2013 to $372.7 million at March 31, 2014.

The Company regularly monitors the composition of the loan portfolio to evaluate the adequacy of the allowance for loan losses in light of the impact that changes in the economic environment may have on the loan portfolio. The Company focuses on the following loan categories: (1) commercial, financial and agricultural; (2) residential real estate; (3) commercial and farmland real estate; (4) construction and development related real estate; and (5) consumer. The Company’s management has strategically located its branches in select markets in south and southeast Georgia, north Florida, southeast Alabama and throughout South Carolina to take advantage of the growth in these areas.

The Company’s risk management processes include a loan review program designed to evaluate the credit risk in the loan portfolio and ensure credit grade accuracy. Through the loan review process, the Company conducts (1) a loan portfolio summary analysis, (2) charge-off and recovery analysis, (3) trends in accruing problem loan analysis and (4) problem and past due loan analysis. This analysis process serves as a tool to assist management in assessing the overall quality of the loan portfolio and the adequacy of the allowance for loan losses. Loans classified as “substandard” are loans which are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. These assets exhibit a well-defined weakness or are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. These weaknesses may be characterized by past due performance, operating losses and/or questionable collateral values. Loans classified as “doubtful” are those loans that have characteristics similar to substandard loans but have an increased risk of loss. Loans classified as “loss” are those loans which are considered uncollectible and are in the process of being charged-off.

The allowance for loan losses is a reserve established through charges to earnings in the form of a provision for loan losses. The provision for loan losses is based on management’s evaluation of the size and composition of the loan portfolio, the level of non-performing and past due loans, historical trends of charged-off loans and recoveries, prevailing economic conditions and other factors management deems appropriate. The Company’s management has established an allowance for loan losses which it believes is adequate for the risk of loss inherent in the loan portfolio. Based on a credit evaluation of the loan portfolio, management presents a monthly review of the allowance for loan losses to the Company’s Board of Directors. The review that management has developed primarily focuses on risk by evaluating individual loans in certain risk categories. These categories have also been established by management and take the form of loan grades. By grading the loan portfolio in this manner the Company’s management is able to effectively evaluate the portfolio by risk, which management believes is the most effective way to analyze the loan portfolio and thus analyze the adequacy of the allowance for loan losses.

57

The allowance for loan losses is established by examining (1) the large classified loans, nonaccrual loans and loans considered impaired and evaluating them individually to determine the specific reserve allocation and (2) the remainder of the loan portfolio to allocate a portion of the allowance based on past loss experience and the economic conditions for the particular loan category. The Company also considers other factors such as changes in lending policies and procedures; changes in national, regional and/or local economic and business conditions; changes in the nature and volume of the loan portfolio; changes in the experience, ability and depth of either the bank president or lending staff; changes in the volume and severity of past due and classified loans; changes in the quality of the Company’s corporate loan review system; and other factors management deems appropriate.

For the three month period ended March 31, 2014, the Company recorded net charge-offs totaling $1.1 million, compared to $2.8 million for the period ended March 31, 2013. The provision for loan losses for the three months ended March 31, 2014 decreased to $1.5 million, compared to $2.6 million during the three month period ended March 31, 2013. At the end of the first quarter of 2014, the allowance for loan losses totaled $22.7 million, or 1.34% of total loans, compared to $22.4 million, or 1.38% of total loans, at December 31, 2013 and $23.4 million, or 1.57% of total loans, at March 31, 2013.

The following table presents an analysis of the allowance for loan losses for the three month periods ended March 31, 2014 and March 31, 2013:

(Dollars in Thousands)	March 31, 2014			March 31, 2013
Balance of allowance for loan losses at beginning of period	$	22,377		$	23,593
Provision charged to operating expense		1,501			2,603
Charge-offs:
Commercial, financial and agricultural		743			410
Real estate – residential		181			779
Real estate – commercial and farmland		533			1,025
Real estate – construction and development		65			655
Consumer installment		84			167
Other		—			—
Total charge-offs		1,606			3,036
Recoveries:
Commercial, financial and agricultural		49			84
Real estate – residential		83			85
Real estate – commercial and farmland		143			3
Real estate – construction and development		108			2
Consumer installment		89			48
Other		—			—
Total recoveries		472			222
Net charge-offs		1,134			2,814
Balance of allowance for loan losses at end of period	$	22,744		$	23,382
Net annualized charge-offs as a percentage of average loans		0.27	%		0.76	%
Allowance for loan losses as a percentage of loans at end of period		1.34	%		1.57	%

Assets Covered by Loss-Sharing Agreements with the FDIC

Loans that were acquired in FDIC-assisted transactions that are covered by the loss-sharing agreements with the FDIC (“covered loans”) totaled $372.7 million, $390.2 million and $460.7 million at March 31, 2014, December 31, 2013 and March 31, 2013, respectively. OREO that is covered by the loss- sharing agreements with the FDIC totaled $42.6 million, $45.9 million and $77.9 million at March 31, 2014, December 31, 2013 and March 31, 2013, respectively. The loss-sharing agreements are subject to the servicing procedures as specified in the agreements with the FDIC. The expected reimbursements under the loss-sharing agreements were recorded as an indemnification asset at their estimated fair value on the acquisition dates. The FDIC loss-share receivable reported at March 31, 2014, December 31, 2013 and March 31, 2013 was $53.2 million, $65.4 million and $161.0 million, respectively.

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The Company recorded the loans at their fair values, taking into consideration certain credit quality, risk and liquidity marks. The Company is confident in its estimation of credit risk and its adjustments to the carrying balances of the acquired loans. If the Company determines that a loan or group of loans has deteriorated from its initial assessment of fair value, a reserve for loan losses will be established to account for that difference. During the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013, the Company recorded provision for loan loss expense of $225,000, $1.5 million and $320,000, respectively, to account for losses where the initial estimate of cash flows was found to be excessive on loans acquired in FDIC-assisted transactions. If the Company determines that a loan or group of loans has improved from its initial assessment of fair value, the increase in cash flows over those expected at the acquisition date is recognized as interest income prospectively.

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	24,813	$	26,550	$	28,568
Real estate – construction and development		41,434		43,179		57,114
Real estate – commercial and farmland		214,649		224,451		260,159
Real estate – residential		91,372		95,173		113,668
Consumer installment		426		884		1,215
	$	372,694	$	390,237	$	460,724

Non-Performing Assets

Non-performing assets include nonaccrual loans, accruing loans contractually past due 90 days or more, repossessed personal property, and other real estate owned. Loans are placed on nonaccrual status when management has concerns relating to the ability to collect the principal and interest and generally when such loans are 90 days or more past due. Management performs a detailed review and valuation assessment of impaired loans on a quarterly basis and recognizes losses when impairment is identified. A loan is considered impaired when it is probable that not all principal and interest amounts will be collected according to the loan contract. When a loan is placed on nonaccrual status, any interest previously accrued but not collected is reversed against current income.

At March 31, 2014, nonaccrual legacy loans (excluding purchased non-covered and covered loans) totaled $26.7 million, a decrease of approximately $2.5 million since December 31, 2013. This decrease in nonaccrual loans is due to the sale of problem assets during the first quarter of 2014 and a slowdown in the formation of new problem credits At March 31, 2014, nonaccrual purchased non-covered loans totaled $15.3 million, an increase of approximately $8.7 million since December 31, 2013. This increase in nonaccrual purchased non-covered loans is caused by the Company downgrading certain assets acquired with the acquisition of Prosperity Bank in an effort to force borrower actions on assets that were well collateralized. Non-performing assets as a percentage of total assets were 2.29%, 2.00% and 2.72% at March 31, 2014, December 31, 2013 and March 31, 2013, respectively.

Non-performing assets at March 31, 2014, December 31, 2013 and March 31, 2013 were as follows:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Total nonaccrual loans (excluding purchased non-covered and covered loans)	$	26,729	$	29,203	$	37,476
Nonaccrual purchased non-covered loans		15,318		6,659		—
Accruing loans delinquent 90 days or more		—		—		—
Foreclosed assets (excluding purchased assets)l		33,839		33,351		40,434
Purchased, non-covered other real estate owned		3,864		4,276		—
Total non-performing assets	$	79,750	$	73,489	$	77,910

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The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. The following table presents the amount of accruing troubled debt restructurings by loan class (excluding purchased non-covered and covered loans) at March 31, 2014, December 31, 2013 and March 31, 2013:

	March 31,2014				December 31,2013				March 31, 2013
	(in thousands)
Loan class:	#		Balance		#		Balance		#		Balance
Commercial, financial & agricultural		4	$	711		4	$	515		5	$	799
Real estate – construction & development		11		1,953		8		1,896		5		1,883
Real estate – commercial & farmland		19		8,733		17		6,913		16		8,878
Real estate – residential		35		7,364		37		7,818		26		6,953
Consumer installment		11		87		6		72		—		—
Total		80	$	18,848		72	$	17,214		52	$	18,513

The following table presents the amount of accruing troubled debt restructurings by loan class of purchased non-covered loans at March 31, 2014, December 31, 2013 and March 31, 2013:

	March 31,2014				December 31,2013				March 31, 2013
	(in thousands)
Loan class:	#		Balance		#		Balance		#		Balance
Commercial, financial & agricultural		—	$	—		—	$	—		—	$	—
Real estate – construction & development		7		2,443		10		3,364		—		—
Real estate – commercial & farmland		2		961		3		1,228		—		—
Real estate – residential		12		1,779		8		1,321		—		—
Consumer installment		1		8		3		25		—		—
Total		22	$	5,191		24	$	5,938		—	$	—

The following table presents the amount of accruing troubled debt restructurings by loan class of covered loans at March 31, 2014, December 31, 2013 and March 31, 2013:

	March 31,2014				December 31,2013				March 31, 2013
	(in thousands)
Loan class:	#		Balance		#		Balance		#		Balance
Commercial, financial & agricultural		1	$	14		1	$	13		1	$	36
Real estate – construction & development		3		3,254		3		3,256		8		5,022
Real estate – commercial & farmland		14		7,461		13		7,255		13		6,438
Real estate – residential		85		12,046		83		11,719		53		8,266
Consumer installment		—		—		—		—		—		—
Total		103	$	22,775		100	$	22,243		75	$	19,762

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Commercial Lending Practices

On December 12, 2006, the Federal Bank Regulatory Agencies released guidance on Concentration in Commercial Real Estate Lending. This guidance defines commercial real estate (“CRE”) loans as loans secured by raw land, land development and construction (including 1-4 family residential construction), multi-family property and non-farm nonresidential property where the primary or a significant source of repayment is derived from rental income associated with the property, excluding owner occupied properties (loans for which 50% or more of the source of repayment is derived from the ongoing operations and activities conducted by the party, or affiliate of the party, who owns the property) or the proceeds of the sale, refinancing or permanent financing of the property. Loans for owner occupied CRE are generally excluded from the CRE guidance.

The CRE guidance is applicable when either:

(1) total loans for construction, land development and other land, net of owner occupied loans, represent 100% or more of a bank’s total risk-based capital; or

(2) total loans secured by multifamily and nonfarm nonresidential properties and loans for construction, land development and other land, net of owner occupied loans, represent 300% or more of a bank’s total risk-based capital.

Banks that are subject to the CRE guidance’s criteria are required to implement enhanced strategic planning, CRE underwriting policies, risk management and internal controls, portfolio stress testing, risk exposure limits, and other policies, including management compensation and incentives, to address the CRE risks. Higher allowances for loan losses and capital levels may also be appropriate.

As of March 31, 2014, the Company exhibited a concentration in CRE loans based on Federal Reserve Call codes. The primary risks of CRE lending are:

(1) within CRE loans, construction and development loans are somewhat dependent upon continued strength in demand for residential real estate, which is reliant on favorable real estate mortgage rates and changing population demographics;

(2) on average, CRE loan sizes are generally larger than non-CRE loan types; and

(3) certain construction and development loans may be less predictable and more difficult to evaluate and monitor.

The following table outlines CRE loan categories and CRE loans as a percentage of total loans as of March 31, 2014 and December 31, 2013. The loan categories and concentrations below are based on Federal Reserve Call codes and include purchased non-covered and covered loans.

(Dollars in Thousands)	March 31, 2014					December 31, 2013
	Balance		% of Total Loans			Balance		% of Total Loans
Construction and development loans	$	222,797		9	%	$	220,726		9	%
Multi-family loans		72,926		3	%		67,607		3	%
Nonfarm non-residential loans		1,152,234		46	%		1,145,065		46	%
Total CRE Loans	$	1,447,957		58	%	$	1,433,398		58	%
All other loan types		1,057,388		42	%		1,024,046		42	%
Total Loans	$	2,505,345		100	%	$	2,457,444		100	%

The following table outlines the percent of total CRE loans, net owner occupied loans to total risk-based capital, and the Company’s internal concentration limits as of March 31, 2014 and December 31, 2013.

	Internal Limit			March 31, 2014			December 31, 2013
				Actual			Actual
Construction and development		100	%		74	%		70	%
Commercial real estate		300	%		251	%		232	%

Short-Term Investments

The Company’s short-term investments are comprised of federal funds sold and interest-bearing balances. At March 31, 2014, the Company’s short-term investments were $48.7 million, compared to $205.0 million and $81.2 million at December 31, 2013 and March 31, 2013, respectively. At March 31, 2014, all of the balance was comprised of interest-bearing balances, the majority of which were at the Federal Reserve Bank of Atlanta.

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Derivative Instruments and Hedging Activities

The Company had a cash flow hedge with a notional amount of $37.1 million at March 31, 2014, December 31, 2013 and March 31, 2013 for the purpose of converting the variable rate on the junior subordinated debentures to fixed rate. The fair value of these instruments amounted to a liability of approximately $675,000, $370,000 and $2.6 million at March 31, 2014, December 31, 2013 and March 31, 2013, respectively. The Company also had forward contracts with a fair value of approximately $1.7 million, $1.2 million and $1.6 million at March 31, 2014, December 31, 2013, and March 31, 2014 respectively, to hedge changes in the value of the mortgage inventory due to changes in market interest rates. No hedge ineffectiveness from cash flow hedges was recognized in the statement of operations. All components of each derivative’s gain or loss are included in the assessment of hedge effectiveness.

Capital

Capital management consists of providing equity to support both current and anticipated future operations. The Company is subject to capital adequacy requirements imposed by the Federal Reserve Board (the “FRB”) and the Georgia Department of Banking and Finance (the “GDBF”), and the Bank is subject to capital adequacy requirements imposed by the FDIC and the GDBF.

The FRB, the FDIC and the GDBF have adopted risk-based capital requirements for assessing bank holding company and bank capital adequacy. These standards define and establish minimum capital requirements in relation to assets and off-balance sheet exposure, adjusted for credit risk. The risk-based capital standards currently in effect are designed to make regulatory capital requirements more sensitive to differences in risk profiles among bank holding companies and banks and to account for off-balance sheet exposure. The regulatory capital standards are defined by the following three key measurements:

a) The “Leverage Ratio” is defined as Tier 1 capital to average assets. To be considered “adequately capitalized” under this measurement, a bank must maintain a leverage ratio greater than or equal to 4.00%. For a bank to be considered “well capitalized,” it must maintain a leverage ratio greater than or equal to 5.00%.

b) The “Core Capital Ratio” is defined as Tier 1 capital to total risk weighted assets. To be considered “adequately capitalized” under this measurement, a bank must maintain a core capital ratio greater than or equal to 4.00%. For a bank to be considered “well capitalized,” it must maintain a core capital ratio greater than or equal to 6.00%.

c) The “Total Capital Ratio” is defined as total capital to total risk weighted assets. To be considered “adequately capitalized” under this measurement, a bank must maintain a total capital ratio greater than or equal to 8.00%. For a bank to be considered “well capitalized,” it must maintain a total capital ratio greater than or equal to 10.00%.

As of March 31, 2014, under the regulatory capital standards, the Bank was considered “well capitalized” under all capital measurements. The following table sets forth the regulatory capital ratios of Ameris at March 31, 2014, December 31, 2013 and March 31, 2013.

	March 31, 2014			December 31, 2013			March 31, 2013
Leverage Ratio (tier 1 capital to average assets)
Consolidated		8.91	%		11.33	%		10.93	%
Ameris Bank		9.43			11.93			10.88
Core Capital Ratio (tier 1 capital to risk weighted assets)
Consolidated		13.30			14.35			17.49
Ameris Bank		14.09			15.06			17.43
Total Capital Ratio (total capital to risk weighted assets)
Consolidated		14.28			15.32			18.74
Ameris Bank		15.06			16.03			18.68

Capital Purchase Program

On November 21, 2008, the Company, pursuant to the Capital Purchase Program established in connection with the Troubled Asset Relief Program, issued and sold to the U.S. Treasury, for an aggregate cash purchase price of $52 million, (i) 52,000 shares (the “Preferred Shares”) of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A, having a liquidation preference of $1,000 per share, and (ii) a ten-year warrant (the “Warrant”) to purchase up to 679,443 shares of our common stock at an exercise price of $11.48 per share. On June 14, 2012, the Preferred Shares were sold by the Treasury through a registered public offering. On August 22, 2012, the Company repurchased the Warrant from the Treasury for $2.67 million. In December 2012, the Company repurchased 24,000 outstanding Preferred Shares, and in March 2014, the Company redeemed the remaining 28,000 outstanding Preferred Shares.

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Interest Rate Sensitivity and Liquidity

The Company’s primary market risk exposures are credit risk, interest rate risk, and to a lesser degree, liquidity risk. The Bank operates under an Asset Liability Management Policy approved by the Company’s Board of Directors and the Asset and Liability Committee (the “ALCO Committee”). The policy outlines limits on interest rate risk in terms of changes in net interest income and changes in the net market values of assets and liabilities over certain changes in interest rate environments. These measurements are made through a simulation model which projects the impact of changes in interest rates on the Bank’s assets and liabilities. The policy also outlines responsibility for monitoring interest rate risk, and the process for the approval, implementation and monitoring of interest rate risk strategies to achieve the Bank’s interest rate risk objectives.

The ALCO Committee is comprised of senior officers of Ameris and two outside members of the Company’s Board of Directors. The ALCO Committee makes all strategic decisions with respect to the sources and uses of funds that may affect net interest income, including net interest spread and net interest margin. The objective of the ALCO Committee is to identify the interest rate, liquidity and market value risks of the Company’s balance sheet and use reasonable methods approved by the Company’s Board of Directors and executive management to minimize those identified risks.

The normal course of business activity exposes the Company to interest rate risk. Interest rate risk is managed within an overall asset and liability framework for the Company. The principal objectives of asset and liability management are to predict the sensitivity of net interest spreads to potential changes in interest rates, control risk and enhance profitability. Funding positions are kept within predetermined limits designed to properly manage risk and liquidity. The Company employs sensitivity analysis in the form of a net interest income simulation to help characterize the market risk arising from changes in interest rates. In addition, fluctuations in interest rates usually result in changes in the fair market value of the Company’s financial instruments, cash flows and net interest income. The Company’s interest rate risk position is managed by the ALCO Committee.

The Company uses a simulation modeling process to measure interest rate risk and evaluate potential strategies. Interest rate scenario models are prepared using software created and licensed from an outside vendor. The Company’s simulation includes all financial assets and liabilities. Simulation results quantify interest rate risk under various interest rate scenarios. Management then develops and implements appropriate strategies. The ALCO Committee has determined that an acceptable level of interest rate risk would be for net interest income to decrease no more than 5.00% given a change in selected interest rates of 200 basis points over any 24-month period.

Liquidity management involves the matching of the cash flow requirements of customers, who may be either depositors desiring to withdraw funds or borrowers needing assurance that sufficient funds will be available to meet their credit needs, and the ability of Ameris to manage those requirements. The Company strives to maintain an adequate liquidity position by managing the balances and maturities of interest-earning assets and interest-bearing liabilities so that the balance it has in short-term investments at any given time will adequately cover any reasonably anticipated immediate need for funds. Additionally, the Bank maintains relationships with correspondent banks, which could provide funds on short notice, if needed. The Company has invested in FHLB stock for the purpose of establishing credit lines with the FHLB. The credit availability to the Bank is equal to 20% of the Bank’s total assets as reported on the most recent quarterly financial information submitted to the regulators subject to the pledging of sufficient collateral. At March 31, 2014 and December 31, 2013, there were $59.7 million and $194.6 million, respectively, outstanding borrowings with the Company’s correspondent banks. There were no outstanding borrowings with the Company’s correspondent banks at March 31, 2013.

The following liquidity ratios compare certain assets and liabilities to total deposits or total assets:

	March 31, 2014			December 31, 2013			September 30, 2013			June 30, 2013			March 31, 2013
Investment securities available for sale to total deposits		15.17	%		16.21	%		12.78	%		12.94	%		13.01	%
Loans (net of unearned income) to total deposits		83.22	%		81.94	%		82.14	%		81.84	%		78.45	%
Interest-earning assets to total assets		87.80	%		87.68	%		87.38	%		86.23	%		83.90	%
Interest-bearing deposits to total deposits		76.79	%		77.71	%		80.54	%		80.54	%		80.28	%

The liquidity resources of the Company are monitored continuously by the ALCO Committee and on a periodic basis by state and federal regulatory authorities. As determined under guidelines established by these regulatory authorities, the Company’s and the Bank’s liquidity ratios at March 31, 2014 were considered satisfactory. The Company is aware of no events or trends likely to result in a material change in liquidity.

63

Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Company is exposed only to U.S. dollar interest rate changes, and, accordingly, the Company manages exposure by considering the possible changes in the net interest margin. The Company does not have any trading instruments nor does it classify any portion of the investment portfolio as held for trading. The Company’s hedging activities are limited to cash flow hedges and are part of the Company’s program to manage interest rate sensitivity. At March 31, 2014, the Company had one effective LIBOR rate swap with a notional amount of $37.1 million. The LIBOR rate swap exchanges fixed rate payments of 4.15% for floating rate payments based on the three month LIBOR and matures December 2018. The Company also had forward contracts with a fair value of approximately $1.7 million at March 31, 2014 to hedge changes in the value of the mortgage inventory due to changes in market interest rates. Finally, the Company has no exposure to foreign currency exchange rate risk, commodity price risk and other market risks.

Interest rates play a major part in the net interest income of a financial institution. The sensitivity to rate changes is known as “interest rate risk.” The repricing of interest-earning assets and interest-bearing liabilities can influence the changes in net interest income. As part of the Company’s asset/liability management program, the timing of repriced assets and liabilities is referred to as “gap management.”

The Company uses simulation analysis to monitor changes in net interest income due to changes in market interest rates. The simulation of rising, declining and flat interest rate scenarios allows management to monitor and adjust interest rate sensitivity to minimize the impact of market interest rate swings. The analysis of the impact on net interest income over a twelve-month period is subjected to a gradual 200 basis point increase or decrease in market rates on net interest income and is monitored on a quarterly basis.

Additional information required by Item 305 of Regulation S-K is set forth under Part I, Item 2 of this report.

Item 4. Controls and Procedures

The Company’s Chief Executive Officer and Chief Financial Officer have evaluated the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) or 15d-15(e) promulgated under the Exchange Act), as of the end of the period covered by this report, as required by paragraph (b) of Rules 13a-15 or 15d-15 of the Exchange Act. Based on such evaluation, such officers have concluded that, as of the end of the period covered by this report, the Company’s disclosure controls and procedures are effective.

During the quarter ended March 31, 2014, there was no change in the Company’s internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rules 13a-15 or 15d-15 of the Exchange Act that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

64

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

Nothing to report with respect to the period covered by this report.

Item 1A. Risk Factors

There have been no material changes to the risk factors disclosed in Item 1A. of Part 1 in our Annual Report on Form 10-K for the year ended December 31, 2013.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

The exhibits required to be furnished with this report are listed on the exhibit index attached hereto.

SIGNATURE

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

	AMERIS BANCORP
Date: May 9, 2014
	/s/ Dennis J. Zember Jr.
	Dennis J. Zember Jr.,
	Executive Vice President and Chief Financial Officer
	(duly authorized signatory and principal accounting and financial officer)

65

EXHIBIT INDEX

Exhibit No.	Description
2.1	Agreement and Plan of Merger dated as of March 10, 2014 by and between Ameris Bancorp and Coastal Bankshares, Inc. (incorporated by reference to Exhibit 2.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on March 11, 2014).
3.1	Articles of Incorporation of Ameris Bancorp, as amended (incorporated by reference to Exhibit 2.1 to Ameris Bancorp’s Regulation A Offering Statement on Form 1-A filed with the Commission on August 14, 1987).
3.2	Amendment to Amended Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.1.1 to Ameris Bancorp’s Form 10-K filed with the Commission on March 28, 1996).
3.3	Amendment to Amended Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 4.3 to Ameris Bancorp’s Registration Statement on Form S-4 filed with the Commission on July 17, 1996).
3.4	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.5 to Ameris Bancorp’s Annual Report on Form 10-K filed with the Commission on March 25, 1998).
3.5	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.7 to Ameris Bancorp’s Annual Report on Form 10-K filed with the Commission on March 26, 1999).
3.6	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.9 to Ameris Bancorp’s Annual Report on Form 10-K filed with the Commission on March 31, 2003).
3.7	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on December 1, 2005).
3.8	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on November 21, 2008).
3.9	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on June 1, 2011).
3.10	Amended and Restated Bylaws of Ameris Bancorp (incorporated by reference to Exhibit 3.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on March 14, 2005).
31.1	Rule 13a-14(a)/15d-14(a) Certification by the Company’s Chief Executive Officer
31.2	Rule 13a-14(a)/15d-14(a) Certification by the Company’s Chief Financial Officer
32.1	Section 1350 Certification by the Company’s Chief Executive Officer
32.2	Section 1350 Certification by the Company’s Chief Financial Officer
101	The following financial statements from Ameris Bancorp’s Form 10-Q for the quarter ended March 31, 2014, formatted as interactive data files in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Earnings and Comprehensive Income; (iii) Consolidated Statements of Changes in Stockholders’ Equity; (iv) Consolidated Statements of Cash Flows; and (v) Notes to Consolidated Financial Statements.

66

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Edwin W. Hortman, Jr., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the period ended March 31, 2014, of Ameris Bancorp;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: May 9, 2014	/s/ Edwin W. Hortman, Jr.
	Edwin W. Hortman, Jr., President and Chief Executive Officer
	(principal executive officer)

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Dennis J. Zember Jr., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the period ended March 31, 2014, of Ameris Bancorp;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: May 9, 2014	/s/ Dennis J. Zember Jr.
	Dennis J. Zember Jr., Executive Vice
	President and Chief Financial Officer
	(principal accounting and financial officer)

EX-32.1

Exhibit 32.1

SECTION 1350 CERTIFICATION

I, Edwin W. Hortman, Jr., President and Chief Executive Officer of Ameris Bancorp (the “Company”), do hereby certify, in accordance with 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. The Quarterly Report on Form 10-Q of the Company for the period ending March 31, 2014 (the “Periodic Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Periodic Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: May 9, 2014	/s/ Edwin W. Hortman, Jr.
	Edwin W. Hortman, Jr., President and Chief Executive Officer
	(principal executive officer)

EX-32.2

Exhibit 32.2

SECTION 1350 CERTIFICATION

I, Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer of Ameris Bancorp (the “Company”), do hereby certify, in accordance with 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. The Quarterly Report on Form 10-Q of the Company for the period ending March 31, 2014 (the “Periodic Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Periodic Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: May 9, 2014	/s/ Dennis J. Zember Jr.
	Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer
	(principal accounting and financial officer)

XML

Investment Securities - Amortized Cost and Estimated Fair Value of Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	$ 454,802	$ 488,838	$ 314,662
Gross Unrealized Gains	7,253	4,891	10,763
Gross Unrealized Losses	(5,342)	(7,494)	(1,396)
Estimated Fair Value	456,713	486,235	324,029
US Government Agencies [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	14,948	14,947	5,000
Gross Unrealized Gains			15
Gross Unrealized Losses	(803)	(1,021)
Estimated Fair Value	14,145	13,926	5,015
State, County and Municipal Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	110,331	112,659	110,628
Gross Unrealized Gains	2,724	2,269	5,051
Gross Unrealized Losses	(1,481)	(2,174)	(147)
Estimated Fair Value	111,574	112,754	115,532
Corporate Debt Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	10,307	10,311	10,542
Gross Unrealized Gains	285	275	355
Gross Unrealized Losses	(209)	(261)	(600)
Estimated Fair Value	10,383	10,325	10,297
Mortgage-Backed Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	319,216	349,441	188,492
Gross Unrealized Gains	4,244	2,347	5,342
Gross Unrealized Losses	(2,849)	(4,038)	(649)
Estimated Fair Value	320,611	347,750	193,185
Collateralized Debt Obligations [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost		1,480
Estimated Fair Value		$ 1,480

XML

Loans - Analysis of Information Pertaining to Purchased Non-Covered Impaired Loans (Detail) (Purchased Non-Covered Loans [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	$ 35,136		$ 19,970
Recorded Investment With No Allowance	20,509		12,597
Recorded Investment With Allowance
Total Recorded Investment	20,509		12,597
Related Allowance
Average Recorded Investment	16,553		242
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	233		19
Recorded Investment With No Allowance	117		11
Recorded Investment With Allowance
Total Recorded Investment	117		11
Related Allowance
Average Recorded Investment	64
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	6,173		5,719
Recorded Investment With No Allowance	3,574		3,690
Recorded Investment With Allowance
Total Recorded Investment	3,574		3,690
Related Allowance
Average Recorded Investment	3,631		71
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	12,966		4,563
Recorded Investment With No Allowance	7,790		2,881
Recorded Investment With Allowance
Total Recorded Investment	7,790		2,881
Related Allowance
Average Recorded Investment	5,336		55
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	15,524		9,612
Recorded Investment With No Allowance	8,987		5,978
Recorded Investment With Allowance
Total Recorded Investment	8,987		5,978
Related Allowance
Average Recorded Investment	7,483		115
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	240		57
Recorded Investment With No Allowance	41		37
Recorded Investment With Allowance
Total Recorded Investment	41		37
Related Allowance
Average Recorded Investment	$ 39		$ 1

XML

Loans - Summary of Excluding Purchased Non-Covered and Covered Past Due Financial Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	$ 6,300		$ 27,400
Total Loans	1,695,382	1,618,454	1,492,753
Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	8,773	21,890	22,881
Loans 60-89 Days Past Due	3,894	3,661	6,795
Loans 90 or More Days Past Due	25,140	27,659	33,655
Total Loans Past Due	37,807	53,210	63,331
Current Loans	1,657,575	1,565,244	1,429,422
Total Loans	1,695,382	1,618,454	1,492,753
Loans 90 Days or More Past Due and Still Accruing
Commercial, Financial and Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	270,571	244,373	180,888
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	1,083	10,893	1,797
Loans 60-89 Days Past Due	386	272	149
Loans 90 or More Days Past Due	2,956	4,081	3,729
Total Loans Past Due	4,425	15,246	5,675
Current Loans	266,146	229,127	175,213
Total Loans	270,571	244,373	180,888
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Construction and Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	149,543	146,371	130,161
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	1,304	1,026	1,538
Loans 60-89 Days Past Due	249	69	1,538
Loans 90 or More Days Past Due	3,919	3,935	8,312
Total Loans Past Due	5,472	5,030	11,388
Current Loans	144,071	141,341	118,773
Total Loans	149,543	146,371	130,161
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Commercial and Farmland [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	836,230	808,323	766,227
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	2,255	3,981	11,115
Loans 60-89 Days Past Due	1,650	1,388	3,220
Loans 90 or More Days Past Due	7,622	7,751	9,352
Total Loans Past Due	11,527	13,120	23,687
Current Loans	824,703	795,203	742,540
Total Loans	836,230	808,323	766,227
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	393,001	366,882	367,056
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	3,657	5,422	7,686
Loans 60-89 Days Past Due	1,541	1,735	1,719
Loans 90 or More Days Past Due	10,298	11,587	11,699
Total Loans Past Due	15,496	18,744	21,104
Current Loans	377,505	348,138	345,952
Total Loans	393,001	366,882	367,056
Loans 90 Days or More Past Due and Still Accruing
Consumer Installment Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	32,345	34,249	37,335
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	474	568	745
Loans 60-89 Days Past Due	68	197	169
Loans 90 or More Days Past Due	345	305	563
Total Loans Past Due	887	1,070	1,477
Current Loans	31,458	33,179	35,858
Total Loans	32,345	34,249	37,335
Loans 90 Days or More Past Due and Still Accruing
Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	13,692	18,256	11,086
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	13,692	18,256	11,086
Total Loans	13,692	18,256	11,086
Loans 90 Days or More Past Due and Still Accruing

XML

Loans - Summary of Troubled Debt Restructurings Included in Covered Loans by Types of Concessions Made (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,200	$ 20,900	$ 23,300
Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	103	100	75
Troubled debt restructuring loans	22,775	22,243	19,762
Covered Loans [Member] | Accruing Loans [Member] | Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts			3
Troubled debt restructuring loans			232
Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	90	89	61
Troubled debt restructuring loans	18,578	18,687	15,897
Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	3	4
Troubled debt restructuring loans	88	88	456
Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	9	7	6
Troubled debt restructuring loans	3,259	2,613	2,322
Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Payment Modification [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	850	855	855
Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	27	24	20
Troubled debt restructuring loans	5,025	5,021	7,794
Covered Loans [Member] | Non-Accruing Loans [Member] | Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	3	6
Troubled debt restructuring loans	127	98	1,077
Covered Loans [Member] | Non-Accruing Loans [Member] | Forgiveness of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts			1
Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	10	9	8
Troubled debt restructuring loans	1,043	953	1,820
Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	8	8	2
Troubled debt restructuring loans	471	478	1,362
Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	4	3
Troubled debt restructuring loans	$ 3,384	$ 3,492	$ 3,535

XML

Loans - Summary of Impaired Financial Receivables (Summary of Covered Impaired Loans) (Detail) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings not included above	$ 21,200,000	$ 23,300,000	$ 20,900,000
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	59,781,000	98,515,000	69,152,000
Troubled debt restructurings not included above	22,775,000	21,592,000	22,243,000
Total impaired loans	82,556,000	120,107,000	91,395,000
Impaired loans not requiring a related allowance	82,556,000	120,107,000	91,395,000
Impaired loans requiring a related allowance
Allowance related to impaired loans
Average investment in impaired loans	86,976,000	127,507,000	110,830,000
Interest income recognized on impaired loans	155,000	169,000	968,000
Foregone interest income on impaired loans	$ 10,000	$ 147,000	$ 330,000

XML

Assets Acquired in FDIC-Assisted Acquisitions - Schedule of Changes in Accretable Discounts Related Acquired Loans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Business Combinations [Abstract]
Balance, beginning of year	$ 25,493	$ 16,698	$ 16,698
Additions due to acquisitions
Accretion	(15,024)	(7,218)	(42,208)
Other activity, net	5,622	4,052	51,003
Balance, end of year	$ 16,091	$ 13,532	$ 25,493

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Loans and Allowance for Loan Losses - Summary of Covered Loans According to Loan Type (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	$ 372,694	$ 390,237	$ 460,724
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	24,813	26,550	28,568
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	41,434	43,179	57,114
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	214,649	224,451	260,159
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	91,372	95,173	113,668
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	$ 426	$ 884	$ 1,215

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Basic of Presention and Accounting Policies - Summary of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets and Liabilities (Detail) (USD $) In Thousands, unless otherwise specified																											3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Mar. 31, 2014 Other Real Estate Owned [Member]	Dec. 31, 2013 Other Real Estate Owned [Member]	Mar. 31, 2013 Other Real Estate Owned [Member]	Mar. 31, 2014 Purchased Non-Covered Loans [Member]	Dec. 31, 2013 Purchased Non-Covered Loans [Member]	Mar. 31, 2014 Purchased Non-Covered Other Real Estate Owned [Member]	Dec. 31, 2013 Purchased Non-Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Covered Other Real Estate Owned [Member]	Dec. 31, 2013 Covered Other Real Estate Owned [Member]	Mar. 31, 2013 Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Level 3 [Member]	Dec. 31, 2013 Level 3 [Member]	Mar. 31, 2013 Level 3 [Member]	Mar. 31, 2014 Level 3 [Member] Other Real Estate Owned [Member]	Dec. 31, 2013 Level 3 [Member] Other Real Estate Owned [Member]	Mar. 31, 2013 Level 3 [Member] Other Real Estate Owned [Member]	Mar. 31, 2014 Level 3 [Member] Purchased Non-Covered Loans [Member]	Dec. 31, 2013 Level 3 [Member] Purchased Non-Covered Loans [Member]	Mar. 31, 2014 Level 3 [Member] Purchased Non-Covered Other Real Estate Owned [Member]	Dec. 31, 2013 Level 3 [Member] Purchased Non-Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Level 3 [Member] Covered Other Real Estate Owned [Member]	Dec. 31, 2013 Level 3 [Member] Covered Other Real Estate Owned [Member]	Mar. 31, 2013 Level 3 [Member] Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Impaired Loans [Member]	Mar. 31, 2014 Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Other Real Estate Owned [Member]	Mar. 31, 2014 Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Purchased Non-Covered Loans [Member]	Mar. 31, 2014 Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Purchased Non-Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Covered Loans [Member]	Mar. 31, 2014 Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Level 3 [Member] Fair Value Measurement, Recurring [Member]	Mar. 31, 2014 Minimum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Impaired Loans [Member]	Mar. 31, 2014 Minimum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Other Real Estate Owned [Member]	Mar. 31, 2014 Minimum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Purchased Non-Covered Loans [Member]	Mar. 31, 2014 Minimum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Purchased Non-Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Minimum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Covered Loans [Member]	Mar. 31, 2014 Minimum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Minimum [Member] Level 3 [Member] Fair Value Measurement, Recurring [Member]	Mar. 31, 2014 Maximum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Impaired Loans [Member]	Mar. 31, 2014 Maximum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Other Real Estate Owned [Member]	Mar. 31, 2014 Maximum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Purchased Non-Covered Loans [Member]	Mar. 31, 2014 Maximum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Purchased Non-Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Maximum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Covered Loans [Member]	Mar. 31, 2014 Maximum [Member] Level 3 [Member] Fair Value Measurement, Nonrecurring [Member] Covered Other Real Estate Owned [Member]	Mar. 31, 2014 Maximum [Member] Level 3 [Member] Fair Value Measurement, Recurring [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	$ 931,555	$ 965,056	$ 630,223	$ 33,839	$ 33,351	$ 40,434	$ 437,269	$ 448,753	$ 3,864	$ 4,276	$ 42,636	$ 45,893	$ 77,915	$ 931,555	$ 965,056	$ 630,223	$ 33,839	$ 33,351	$ 40,434	$ 437,269	$ 448,753	$ 3,864	$ 4,276	$ 42,636	$ 45,893	$ 77,915	$ 41,253	$ 33,839	$ 437,269	$ 3,864	$ 372,694	$ 42,636
Investment securities available for sale, Recurring	$ 508,406	$ 553,513	$ 366,361											$ 2,000	$ 2,000	$ 2,000																	$ 2,000
Valuation Technique																											Third party appraisals and discounted cash flows	Third party appraisals	Third party appraisals and discounted cash flows	Third party appraisals	Third party appraisals and discounted cash flows	Third party appraisals	Discounted par values
Fair value inputs discount rate range																																		4.00%	10.00%	1.00%	15.00%	1.75%	10.00%	0.00%	60.00%	74.00%	40.00%	57.00%	75.00%	87.00%	0.00%

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Assets Acquired in FDIC-Assisted Acquisitions - Changes in FDIC Share-Loss Receivable (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Business Combinations [Abstract]
Balance, beginning of year	$ 65,441	$ 159,724	$ 159,724
Indemnification asset recorded in acquisitions
Payments received from FDIC	(6,773)	(6,324)	(68,822)
Effect of change in expected cash flows on covered assets	(5,487)	7,579	(25,461)
Balance, end of year	$ 53,181	$ 160,979	$ 65,441

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Assets Acquired in FDIC-Assisted Acquisitions - Additional Information (Detail)	34 Months Ended
	Jul. 31, 2012 Acquisition
Business Combinations [Abstract]
Number of FDIC-assisted acquisitions participation	10

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Loans - Summary of Credit Quality Indicate Financial Receivable (Loan Excluding Purchased Non-Covered and Covered Loans Portfolio) (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	$ 1,695,382	$ 1,618,454	$ 1,492,753
Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,695,382	1,618,454	1,492,753
Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	93,805	74,381	40,268
Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	243,963	230,212	232,773
Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	817,718	773,051	665,777
Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	31,056	31,604	29,403
Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	417,177	420,491	425,646
Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	38,240	30,591	32,485
Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	53,286	57,987	66,147
Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	137	137	254
Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	270,571	244,373	180,888
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	270,571	244,373	180,888
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	86,688	66,983	32,223
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	26,730	24,789	11,569
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	90,692	93,852	75,503
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	120	127	45
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	55,827	50,373	52,631
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	5,386	2,111	3,324
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	5,001	6,011	5,494
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	127	127	99
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	149,543	146,371	130,161
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	149,543	146,371	130,161
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	5,483	4,655	4,794
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	48,872	45,195	34,947
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	9,111	8,343	6,606
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	76,962	78,736	66,012
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	2,889	2,876	6,004
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	6,226	6,566	11,643
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade			155
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	836,230	808,323	766,227
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	836,230	808,323	766,227
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	259	265	304
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	153,285	147,157	146,563
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	454,292	431,790	385,984
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	9,784	10,219	8,970
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	178,174	181,645	187,567
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	15,324	11,849	12,334
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	25,112	25,398	24,505
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	393,001	366,882	367,056
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	393,001	366,882	367,056
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	478	419	500
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	57,119	52,335	68,212
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	192,492	165,339	138,634
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	11,765	12,641	13,662
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	100,634	103,427	112,096
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	14,440	13,558	10,573
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	16,063	19,153	23,379
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	10	10
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	32,345	34,249	37,335
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	32,345	34,249	37,335
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	6,380	6,714	7,241
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,346	1,276	1,635
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	17,678	18,619	19,623
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	276	274	120
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	5,580	6,310	7,340
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	201	197	250
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	884	859	1,126
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	13,692	18,256	11,086
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	13,692	18,256	11,086
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	13,692	18,256	11,086
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade

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Assets Acquired in FDIC-Assisted Acquisitions - Loan-by-Loan Basis Performance of Fair Value Adjustments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Business Combinations [Abstract]
Adjustments needed where the Company's initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount)	$ 5,622	$ 4,052	$ 51,003
Adjustments needed where the Company's initial estimate of cash flows were overstated: (recorded through a provision for loan losses)	1,125	1,600	7,695
Adjustments needed where the Company's initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount)	1,124	810	10,201
Adjustments needed where the Company's initial estimate of cash flows were overstated: (recorded through a provision for loan losses)	$ 225	$ 320	$ 1,539

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Accumulated Other Comprehensive Income - Summary of Accumulated Other Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (294)	$ 6,607
Reclassification for gains included in net income	(4)	(112)
Current year changes	2,672	(221)
Ending balance	2,374	6,274
Unrealized Gain (Loss) on Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,397	(23)
Current year changes	(266)	208
Ending balance	1,131	185
Unrealized Gain (Loss) on Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,691)	6,630
Reclassification for gains included in net income	(4)	(112)
Current year changes	2,938	(429)
Ending balance	$ 1,243	$ 6,089

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Weighted Average Shares Outstanding - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]
Anti dilutive common shares excluded	268,000	408,000

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Segment Reporting - Schedule of Financial Information with Respect to Company's Reportable Business Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]
Net interest income	$ 34,484	$ 28,338
Provision for loan losses	1,726	2,923
Noninterest income	12,754	11,360
Noninterest expense:
Salaries and employee benefits	17,394	13,806
Equipment and occupancy expenses	4,064	2,931
Data processing and telecommunications expenses	3,454	2,570
Other expenses	8,327	9,577
Total noninterest expense	33,239	28,884
Income before income tax expense	12,273	7,891
Income tax expense	3,923	2,606
Net income	8,350	5,285
Less preferred stock dividends	286	441
Net income available to common shareholders	8,064	4,844
Total assets	3,487,984	2,861,651	3,667,649
Stockholders' equity	300,030	283,722	316,699
Retail Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	33,384	27,766
Provision for loan losses	1,726	2,923
Noninterest income	7,590	6,896
Noninterest expense:
Salaries and employee benefits	13,826	11,037
Equipment and occupancy expenses	3,762	2,765
Data processing and telecommunications expenses	3,332	2,471
Other expenses	7,512	8,890
Total noninterest expense	28,432	25,163
Income before income tax expense	10,816	6,576
Income tax expense	3,413	2,146
Net income	7,403	4,430
Less preferred stock dividends	286	441
Net income available to common shareholders	7,117	3,989
Total assets	3,359,912	2,784,883
Stockholders' equity	296,978	282,851
Mortgage Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	1,100	572
Noninterest income	5,164	4,464
Noninterest expense:
Salaries and employee benefits	3,568	2,769
Equipment and occupancy expenses	302	166
Data processing and telecommunications expenses	122	99
Other expenses	815	687
Total noninterest expense	4,807	3,721
Income before income tax expense	1,457	1,315
Income tax expense	510	460
Net income	947	855
Net income available to common shareholders	947	855
Total assets	128,072	76,768
Stockholders' equity	$ 3,052	$ 871

XML

Assets Acquired in FDIC-Assisted Acquisitions - Rollforward of Acquired Loans Deterioration of Credit Quality (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2012
Covered Loans [Line Items]
Balance, beginning of year	$ 25,493	$ 16,698	$ 16,698	$ 16,091	$ 13,532
Additions due to acquisitions
Balance, end of year	53,181	160,979	65,441			159,724
Loans with Deterioration of Credit Quality [Member]
Covered Loans [Line Items]
Balance, beginning of year	217,047	282,737	282,737
Change in estimate of cash flows, net of charge-offs or recoveries	4,659	(5,391)	35,306
Additions due to acquisitions
Other (loan payments, transfers, etc.)	(16,505)	(22,279)	(100,996)
Balance, end of year	205,201	255,067	217,047
Loans without Deterioration of Credit Quality [Member]
Covered Loans [Line Items]
Balance, beginning of year	173,190	228,602	228,602
Change in estimate of cash flows, net of charge-offs or recoveries	2,571	(2,625)	13,471
Additions due to acquisitions
Other (loan payments, transfers, etc.)	(8,268)	(20,229)	(68,883)
Balance, end of year	$ 167,493	$ 205,748	$ 173,190

XML

Loans - Summary of Troubled Debt Restructurings Included in Covered Loans by Collateral Types (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,200	$ 20,900	$ 23,300
Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	103	100	75
Troubled debt restructuring loans	22,775	22,243	19,762
Covered Loans [Member] | Accruing Loans [Member] | Warehouse [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts			1
Troubled debt restructuring loans			379
Covered Loans [Member] | Accruing Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	4
Troubled debt restructuring loans	374	375	2,496
Covered Loans [Member] | Accruing Loans [Member] | Hotel & Motel [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	7	6	6
Troubled debt restructuring loans	4,867	5,118	3,650
Covered Loans [Member] | Accruing Loans [Member] | Office [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	1	1
Troubled debt restructuring loans	1,342	855	855
Covered Loans [Member] | Accruing Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	6	7
Troubled debt restructuring loans	3,819	3,853	3,769
Covered Loans [Member] | Accruing Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	87	85	54
Troubled debt restructuring loans	12,359	12,029	8,563
Covered Loans [Member] | Accruing Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts			1
Troubled debt restructuring loans			36
Covered Loans [Member] | Accruing Loans [Member] | Unsecured [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	14	13	14
Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	27	24	20
Troubled debt restructuring loans	5,025	5,021	7,794
Covered Loans [Member] | Non-Accruing Loans [Member] | Warehouse [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	1
Troubled debt restructuring loans	486	377
Covered Loans [Member] | Non-Accruing Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	3	2
Troubled debt restructuring loans	59	37	772
Covered Loans [Member] | Non-Accruing Loans [Member] | Hotel & Motel [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1	1
Troubled debt restructuring loans		155	166
Covered Loans [Member] | Non-Accruing Loans [Member] | Office [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	73	78	87
Covered Loans [Member] | Non-Accruing Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	2	4
Troubled debt restructuring loans	3,287	3,337	4,732
Covered Loans [Member] | Non-Accruing Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	11	11	11
Troubled debt restructuring loans	1,052	966	2,037
Covered Loans [Member] | Non-Accruing Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	5	1
Troubled debt restructuring loans	$ 68	$ 71

XML

Other Borrowings (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Summary of Other Borrowings

Other borrowings consist of the following:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36%	$	25,000	$	—	$	—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014		—		165,000		—
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.24% at March 31, 2014) due in August 2016, secured by subsidiary bank stock		10,000		10,000		—
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable				—		—
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at March 31, 2014)		5,000		5,000		—
Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.98% at March 31, 2014)		14,714		14,572		—
Total	$	59,677	$	194,572	$	—

XML

Loans - Summary of Covered Past Due Financial Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	$ 6,300		$ 27,400
Total Loans	1,695,382	1,618,454	1,492,753
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	24,249	20,990	20,603
Loans 60-89 Days Past Due	5,714	6,434	4,383
Loans 90 or More Days Past Due	50,983	57,197	86,249
Total Loans Past Due	80,946	84,621	111,235
Current Loans	291,748	305,616	349,489
Total Loans	372,694	390,237	460,724
Loans 90 Days or More Past Due and Still Accruing	1,396	346	146
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	270,571	244,373	180,888
Commercial, Financial and Agricultural [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	688	3,966	756
Loans 60-89 Days Past Due	55	12	314
Loans 90 or More Days Past Due	8,976	6,165	7,270
Total Loans Past Due	9,719	10,143	8,340
Current Loans	15,094	16,407	20,228
Total Loans	24,813	26,550	28,568
Loans 90 Days or More Past Due and Still Accruing			98
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	149,543	146,371	130,161
Real Estate - Construction and Development [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	4,248	843	3,971
Loans 60-89 Days Past Due	302	144	876
Loans 90 or More Days Past Due	14,472	14,055	17,415
Total Loans Past Due	19,022	15,042	22,262
Current Loans	22,412	28,137	34,852
Total Loans	41,434	43,179	57,114
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	836,230	808,323	766,227
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	15,732	8,482	10,227
Loans 60-89 Days Past Due	3,722	4,350	2,837
Loans 90 or More Days Past Due	17,680	26,428	42,464
Total Loans Past Due	37,134	39,260	55,528
Current Loans	177,515	185,191	204,631
Total Loans	214,649	224,451	260,159
Loans 90 Days or More Past Due and Still Accruing		346
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	393,001	366,882	367,056
Real Estate - Residential [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	3,579	7,648	5,608
Loans 60-89 Days Past Due	1,585	1,914	345
Loans 90 or More Days Past Due	9,752	10,244	18,895
Total Loans Past Due	14,916	19,806	24,848
Current Loans	76,456	75,367	88,820
Total Loans	91,372	95,173	113,668
Loans 90 Days or More Past Due and Still Accruing	1,396		48
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	32,345	34,249	37,335
Consumer Installment Loans [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	2	51	41
Loans 60-89 Days Past Due	50	14	11
Loans 90 or More Days Past Due	103	305	205
Total Loans Past Due	155	370	257
Current Loans	271	514	958
Total Loans	$ 426	$ 884	$ 1,215

XML

Investment Securities - Schedule of Gross Unrealized Losses and Fair Value of Securities (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	$ 103,393	$ 156,316	$ 74,592
12 Months or More, Estimated Fair Value	44,459	32,008	6,131
Total Estimated Fair Value	147,852	188,324	80,723
Less Than 12 Months, Unrealized Losses	(3,052)	(5,396)	(792)
12 Months or More, Unrealized Losses	(2,290)	(2,098)	(604)
Total Unrealized Losses	(5,342)	(7,494)	(1,396)
US Government Agencies [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	9,353	13,926
12 Months or More, Estimated Fair Value	4,792
Total Estimated Fair Value	14,145	13,926
Less Than 12 Months, Unrealized Losses	(595)	(1,021)
12 Months or More, Unrealized Losses	(208)
Total Unrealized Losses	(803)	(1,021)
State, County and Municipal Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	38,937	47,401	19,159
12 Months or More, Estimated Fair Value	3,612	3,794	505
Total Estimated Fair Value	42,549	51,195	19,664
Less Than 12 Months, Unrealized Losses	(1,238)	(1,882)	(138)
12 Months or More, Unrealized Losses	(243)	(292)	(9)
Total Unrealized Losses	(1,481)	(2,174)	(147)
Corporate Debt Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value			244
12 Months or More, Estimated Fair Value	4,871	4,826	4,506
Total Estimated Fair Value	4,871	4,826	4,750
Less Than 12 Months, Unrealized Losses			(6)
12 Months or More, Unrealized Losses	(209)	(261)	(594)
Total Unrealized Losses	(209)	(261)	(600)
Mortgage-Backed Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	55,103	94,989	55,189
12 Months or More, Estimated Fair Value	31,184	23,388	1,120
Total Estimated Fair Value	86,287	118,377	56,309
Less Than 12 Months, Unrealized Losses	(1,219)	(2,493)	(648)
12 Months or More, Unrealized Losses	(1,630)	(1,545)	(1)
Total Unrealized Losses	(2,849)	(4,038)	(649)
Collateralized Debt Obligations [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value
12 Months or More, Estimated Fair Value
Total Estimated Fair Value
Less Than 12 Months, Unrealized Losses
12 Months or More, Unrealized Losses
Total Unrealized Losses

XML

Assets Acquired in FDIC-Assisted Acquisitions - Components of Covered Assets (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Covered Assets [Line Items]
Covered loans	$ 414,855	$ 443,322	$ 575,966
Less: Credit risk adjustments	41,978	52,855	114,699
Less: Liquidity and rate adjustments	183	230	543
Total covered loans	372,694	390,237	460,724
OREO	52,092	55,827	91,677
Less: Fair value adjustments	9,456	9,934	13,762
Total covered OREO	42,636	45,893	77,915
Total covered assets	415,330	436,130	538,639
FDIC indemnification asset	53,181	65,441	160,979	159,724
American United Bank (AUB) [Member]
Covered Assets [Line Items]
Covered loans	13,629	15,787	25,001
Less: Credit risk adjustments	220	231	2,508
Total covered loans	13,409	15,556	22,493
OREO	4,264	4,264	8,079
Less: Fair value adjustments			100
Total covered OREO	4,264	4,264	7,979
Total covered assets	17,673	19,820	30,472
FDIC indemnification asset	1,190	1,452	4,176
United Security Bank (USB) [Member]
Covered Assets [Line Items]
Covered loans	15,668	18,504	25,921
Less: Credit risk adjustments	935	1,427	3,879
Total covered loans	14,733	17,077	22,042
OREO	3,366	2,865	5,379
Less: Fair value adjustments	135	141	139
Total covered OREO	3,231	2,724	5,240
Total covered assets	17,964	19,801	27,282
FDIC indemnification asset	535	889	9,932
Satilla Community Bank (SCB) [Member]
Covered Assets [Line Items]
Covered loans	33,896	34,637	40,008
Less: Credit risk adjustments	1,274	1,483	3,189
Total covered loans	32,622	33,154	36,819
OREO	3,122	3,461	6,670
Less: Fair value adjustments	303	303	299
Total covered OREO	2,819	3,158	6,371
Total covered assets	35,441	36,312	43,190
FDIC indemnification asset	2,781	3,175	8,189
First Bank of Jacksonville (FBJ) [Member]
Covered Assets [Line Items]
Covered loans	24,281	25,891	31,479
Less: Credit risk adjustments	2,768	3,730	5,662
Less: Liquidity and rate adjustments			11
Total covered loans	21,513	22,161	25,806
OREO	1,850	1,880	1,450
Less: Fair value adjustments	253	242	93
Total covered OREO	1,597	1,638	1,357
Total covered assets	23,110	23,799	27,163
FDIC indemnification asset	3,034	3,689	6,840
Darby Bank & Trust (DBT) [Member]
Covered Assets [Line Items]
Covered loans	100,909	105,157	146,178
Less: Credit risk adjustments	13,138	17,819	35,461
Less: Liquidity and rate adjustments			83
Total covered loans	87,771	87,338	110,634
OREO	12,250	17,023	25,990
Less: Fair value adjustments	1,092	1,282	1,895
Total covered OREO	11,158	15,741	24,095
Total covered assets	98,929	103,079	134,729
FDIC indemnification asset	14,947	18,724	37,333
Tifton Banking Company (TBC) [Member]
Covered Assets [Line Items]
Covered loans	31,576	32,590	42,302
Less: Credit risk adjustments	2,119	2,340	4,450
Less: Liquidity and rate adjustments		14	133
Total covered loans	29,457	30,236	37,719
OREO	4,681	4,844	10,478
Less: Fair value adjustments	761	745	1,814
Total covered OREO	3,920	4,099	8,664
Total covered assets	33,377	34,335	46,383
FDIC indemnification asset	3,425	3,721	8,050
High Trust Bank (HTB) [Member]
Covered Assets [Line Items]
Covered loans	61,560	67,126	82,202
Less: Credit risk adjustments	6,596	7,321	14,068
Less: Liquidity and rate adjustments	34	38	49
Total covered loans	54,930	59,767	68,085
OREO	7,263	6,374	14,823
Less: Fair value adjustments	2,349	2,304	3,445
Total covered OREO	4,914	4,070	11,378
Total covered assets	59,844	63,837	79,463
FDIC indemnification asset	8,540	9,325	21,423
One Georgia Bank (OGB) [Member]
Covered Assets [Line Items]
Covered loans	55,569	58,512	73,279
Less: Credit risk adjustments	4,564	4,969	14,877
Less: Liquidity and rate adjustments	89	98	127
Total covered loans	50,916	53,445	58,275
OREO	8,169	7,506	10,384
Less: Fair value adjustments	2,984	2,984	4,144
Total covered OREO	5,185	4,522	6,240
Total covered assets	56,101	57,967	64,515
FDIC indemnification asset	6,815	9,645	18,687
Central Bank of Georgia (CBG) [Member]
Covered Assets [Line Items]
Covered loans	77,767	85,118	109,596
Less: Credit risk adjustments	10,364	13,535	30,605
Less: Liquidity and rate adjustments	60	80	140
Total covered loans	67,343	71,503	78,851
OREO	7,127	7,610	8,424
Less: Fair value adjustments	1,579	1,933	1,833
Total covered OREO	5,548	5,677	6,591
Total covered assets	72,891	77,180	85,442
FDIC indemnification asset	$ 11,914	$ 14,821	$ 46,349

XML

Business Combinations - Estimated Fair Value of Assumed Assets Acquired and Liabilities of Prosperity (Detail) (USD $) In Thousands, except Share data, unless otherwise specified				0 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 23, 2013 Prosperity Banking Company [Member]	Dec. 23, 2013 Prosperity Banking Company [Member] As Recorded by Prosperity [Member]	Dec. 23, 2013 Prosperity Banking Company [Member] Fair Value Adjustments [Member]
Assets
Cash and cash equivalents				$ 4,285	$ 4,285
Federal funds sold and interest bearing balances				21,687	21,687
Investment securities				152,274	151,863	411
Other investments				8,727	8,727
Loans				449,696	487,358	(37,662)
Less allowance for loan losses					(6,811)	6,811
Loans, net				449,696	480,547	(30,851)
Other real estate owned and repossessed assets				5,623	6,883	(1,260)
Premises and equipment				36,293	36,293
Intangible assets				4,557	174	4,383
Other assets				27,792	26,600	1,192
Total assets acquired				710,934	737,059	(26,125)
Deposits:
Noninterest-bearing				149,242	149,242
Interest-bearing				324,441	324,441
Total deposits				473,683	473,683
Federal funds purchased and securities sold under agreements to repurchase				21,530	21,530
Other borrowings				197,313	185,000	12,313
Other liabilities				14,513	14,058	455
Subordinated deferrable interest debentures				13,197	29,500	(16,303)
Total liabilities assumed				720,236	723,771	(3,535)
Net identifiable assets acquired over (under) liabilities assumed				(9,302)	13,288	(22,590)
Goodwill	35,049	35,049	956	34,093		34,093
Net assets acquired over (under) liabilities assumed				24,791	13,288	11,503
Consideration:
Ameris Bancorp common shares issued				1,168,918	1,168,918
Purchase price per share of the Company's common stock					$ 21.07
Company common stock issued					24,629
Cash exchanged for shares					162
Fair value of total consideration transferred					$ 24,791

XML

Loans - Analysis of Information Pertaining to Impaired Loans, Excluding Purchased Non-Covered and Covered Loans (Detail) (Excluding Purchased Non-Covered and Covered Loans [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	$ 58,035	$ 77,144	$ 61,024
Recorded Investment With No Allowance
Recorded Investment With Allowance	45,577	55,989	46,417
Total impaired loans	45,577	55,989	46,417
Related Allowance	4,324	4,839	3,871
Average Recorded Investment	45,997	56,808	51,721
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	5,421	7,818	6,240
Recorded Investment With No Allowance
Recorded Investment With Allowance	3,719	4,555	4,618
Total impaired loans	3,719	4,555	4,618
Related Allowance	394	740	435
Average Recorded Investment	4,169	4,747	4,844
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	10,636	20,633	11,363
Recorded Investment With No Allowance
Recorded Investment With Allowance	6,033	11,273	5,867
Total impaired loans	6,033	11,273	5,867
Related Allowance	736	922	512
Average Recorded Investment	5,950	11,144	8,341
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	19,983	22,996	18,456
Recorded Investment With No Allowance
Recorded Investment With Allowance	17,282	18,676	15,479
Total impaired loans	17,282	18,676	15,479
Related Allowance	1,972	1,816	1,443
Average Recorded Investment	16,380	19,793	17,559
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	21,307	24,777	24,342
Recorded Investment With No Allowance
Recorded Investment With Allowance	17,996	20,792	19,970
Total impaired loans	17,996	20,792	19,970
Related Allowance	1,211	1,344	1,472
Average Recorded Investment	18,983	20,320	20,335
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	688	920	623
Recorded Investment With No Allowance
Recorded Investment With Allowance	547	693	483
Total impaired loans	547	693	483
Related Allowance	11	17	9
Average Recorded Investment	$ 515	$ 804	$ 642

XML

Loans - Summary of Troubled Debt Restructurings, Included in Purchased Non-Covered Loans, by Collateral Types (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,200	$ 20,900	$ 23,300
Purchased Non-Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	5,191	5,938
Purchased Non-Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	22	24
Troubled debt restructuring loans	5,191	5,938
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Warehouse [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts
Troubled debt restructuring loans
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	6
Troubled debt restructuring loans	1,988	2,640
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Office [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1
Troubled debt restructuring loans	798	803
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2
Troubled debt restructuring loans	164	425
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	15	13
Troubled debt restructuring loans	2,241	2,053
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		2
Troubled debt restructuring loans		17
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	11	10
Troubled debt restructuring loans	1,268	1,212
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Warehouse [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1
Troubled debt restructuring loans	467	468
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts
Troubled debt restructuring loans
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Office [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts
Troubled debt restructuring loans
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Troubled debt restructuring loans	259
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	6	8
Troubled debt restructuring loans	519	738
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	1
Troubled debt restructuring loans	$ 23	$ 6

XML

Loans - Summary of Troubled Debt Restructurings by Loan Class, Excluding Purchased Non-Covered and Covered Loans, Classified Separately under Restructured Terms (Detail) (Excluding Purchased Non-Covered and Covered Loans [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2014 Contract	Dec. 31, 2013 Contract	Mar. 31, 2013 Contract
Loans Currently Paying Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	74	67	52
Troubled debt restructuring loans	$ 17,362	$ 15,596	$ 18,513
Loans Currently Paying Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	4	5
Troubled debt restructuring loans	268	515	799
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	10	8	5
Troubled debt restructuring loans	1,916	1,896	1,883
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	19	16	16
Troubled debt restructuring loans	8,733	6,396	8,878
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	30	32	26
Troubled debt restructuring loans	6,365	6,699	6,953
Loans Currently Paying Under Restructured Terms [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	11	7
Troubled debt restructuring loans	80	90
Loans That Have Defaulted Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	24	25	8
Troubled debt restructuring loans	3,851	5,301	4,755
Loans That Have Defaulted Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	3
Troubled debt restructuring loans	482	525
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	2	1
Troubled debt restructuring loans	66	32	43
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	5	3
Troubled debt restructuring loans	1,316	2,789	3,595
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	13	13	3
Troubled debt restructuring loans	1,961	1,953	1,111
Loans That Have Defaulted Under Restructured Terms [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	2	1
Troubled debt restructuring loans	$ 26	$ 2	$ 6

XML

Loans and Allowance for Loan Losses - Summary of Financial Receivable Nonaccrual Basis (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 26,729,000	$ 29,203,000	$ 37,476,000
Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	15,318,000	6,659,000
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	59,781,000	69,152,000	98,515,000
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,008,000	4,103,000	3,756,000
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	117,000	11,000
Commercial, Financial and Agricultural [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	10,025,000	7,257,000	8,718,000
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	4,080,000	3,971,000	9,390,000
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	1,131,000	325,000
Real Estate - Construction and Development [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	14,780,000	14,781,000	18,956,000
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	8,550,000	8,566,000	9,798,000
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	6,829,000	1,653,000
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	24,285,000	33,495,000	47,580,000
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	10,631,000	12,152,000	13,840,000
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	7,208,000	4,658,000
Real Estate - Residential [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	10,558,000	13,278,000	23,018,000
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	460,000	411,000	692,000
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	33,000	12,000
Consumer Installment Loans [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 133,000	$ 341,000	$ 243,000

XML

Business Combinations

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

Business Combinations

NOTE 3 – BUSINESS COMBINATIONS

On December 23, 2013, the Company completed its acquisition of The Prosperity Banking Company (“Prosperity”), a bank holding company headquartered in Saint Augustine, Florida. Upon consummation of the acquisition, Prosperity was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, Prosperity’s wholly owned banking subsidiary, Prosperity Bank, was also merged with and into the Bank. Prosperity Bank had a total of 12 banking locations, with the majority of the franchise concentrated in northeast Florida. Prosperity’s common shareholders were entitled to elect to receive either 3.125 shares of the Company’s common stock or $41.50 in cash in exchange for each share of Prosperity’s voting common stock. As a result of Prosperity shareholders’ elections, the Company issued 1,168,918 common shares at a fair value of $24.6 million.

The acquisition of Prosperity was accounted for using the purchase method of accounting in accordance with FASB ASC 805, Business Combinations. Assets acquired, liabilities assumed and consideration exchanged were recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values becomes available.

The following table presents the assets acquired and liabilities of Prosperity assumed as of December 23, 2013 and their initial fair value estimates:

(Dollars in Thousands)	As Recorded by Prosperity			Fair Value Adjustments			As Recorded by Ameris
Assets
Cash and cash equivalents	$	4,285		$	—		$	4,285
Federal funds sold and interest-bearing balances		21,687			—			21,687
Investment securities		151,863			411	(a)		152,274
Other investments		8,727			—			8,727
Loans		487,358			(37,662	)(b)		449,696
Less allowance for loan losses		(6,811	)		6,811	(c)		—
Loans, net		480,547			(30,851	)		449,696
Other real estate owned and repossessed assets		6,883			(1,260	)(d)		5,623
Premises and equipment		36,293			—			36,293
Intangible assets		174			4,383	(e)		4,557
Other assets		26,600			1,192	(f)		27,792
Total assets	$	737,059		$	(26,125	)	$	710,934
Liabilities
Deposits:
Noninterest-bearing	$	149,242		$	—		$	149,242
Interest-bearing		324,441			—			324,441
Total deposits		473,683			—			473,683
Federal funds purchased and securities sold under agreements to repurchase		21,530			—			21,530
Other borrowings		185,000			12,313	(g)		197,313
Other liabilities		14,058			455	(h)		14,513
Subordinated deferrable interest debentures		29,500			(16,303	)(i)		13,197
Total liabilities		723,771			(3,535	)		720,236
Net identifiable assets acquired over (under) liabilities assumed		13,288			(22,590	)		(9,302	)
Goodwill		—			34,093			34,093
Net assets acquired over (under) liabilities assumed	$	13,288		$	11,503		$	24,791
Consideration:
Ameris Bancorp common shares issued		1,168,918
Purchase price per share of the Company’s common stock	$	21.07
Company common stock issued		24,629
Cash exchanged for shares		162
Fair value of total consideration transferred	$	24,791

Explanation of fair value adjustments

(a) Adjustment reflects the fair value adjustments of the available for sale portfolio as of the acquisition date.

(b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio.

(c) Adjustment reflects the elimination of Prosperity’s allowance for loan losses.

(d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio.

(e) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts.

(f) Adjustment reflects the adjustment to write-off the non-realizable portion of Prosperity’s deferred tax asset of ($6.644 million), to record the deferred tax asset generated by purchase accounting adjustments of $8.435 million and to record the fair value adjustment of other assets of ($0.599 million) at the acquisition date.

(g) Adjustment reflects the fair value adjustment (premium) to the FHLB borrowings of $12.741 million and the fair value adjustment to the subordinated debt of $0.428 million.

(h) Adjustment reflects the fair value adjustment of other liabilities at the acquisition date.

(i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.

XML

Loans - Summary of Troubled Debt Restructurings, Excluding Purchased Non-Covered and Covered Loans, by Concessions Made Types (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,200	$ 20,900	$ 23,300
Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	18,848	17,214	18,513
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	80	72	52
Troubled debt restructuring loans	18,848	17,214	18,513
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	8	10	2
Troubled debt restructuring loans	1,933	2,170	1,843
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Forgiveness of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	3	3
Troubled debt restructuring loans	1,957	1,467	1,504
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Payment Modification Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1	2
Troubled debt restructuring loans		280	376
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	13	14	10
Troubled debt restructuring loans	6,782	7,069	7,033
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	38	26	17
Troubled debt restructuring loans	5,489	3,252	4,046
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	17	18	18
Troubled debt restructuring loans	2,687	2,976	3,711
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Payment Modification [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts
Troubled debt restructuring loans
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	18	20	8
Troubled debt restructuring loans	2,365	3,683	4,755
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	2
Troubled debt restructuring loans	300	97
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Forgiveness of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	516	145	207
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Payment Modification Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1
Troubled debt restructuring loans	149	88
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	3	2
Troubled debt restructuring loans	1,134	913	182
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	6	12	2
Troubled debt restructuring loans	230	2,411	3,100
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1		1
Troubled debt restructuring loans	7		255
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Payment Modification [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	2
Troubled debt restructuring loans	$ 29	$ 29	$ 1,011

XML

Loans and Allowance for Loan Losses - Schedule of Accounts Notes Loans and Financial Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	$ 1,695,382	$ 1,618,454	$ 1,492,753
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	270,571	244,373	180,888
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	149,543	146,371	130,161
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	836,230	808,323	766,227
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	393,001	366,882	367,056
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	32,345	34,249	37,335
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	$ 13,692	$ 18,256	$ 11,086

XML

Basis of Presentation and Accounting Policies - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014
Basis Of Presentation [Line Items]
Number of branches operated	68
Minimum [Member]
Basis Of Presentation [Line Items]
Intangible assets amortized over an estimated useful life	3 years
Maximum [Member]
Basis Of Presentation [Line Items]
Intangible assets amortized over an estimated useful life	10 years

XML

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Schedule of Financial Information with Respect to Company's Reportable Business Segments

The following tables present selected financial information with respect to the Company’s reportable business segments for the three- month periods ended March 31, 2014 and 2013.

	Three Months Ended March 31, 2014						Three Months Ended March 31, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	33,384	$	1,100	$	34,484	$	27,766	$	572	$	28,338
Provision for loan losses		1,726		—		1,726		2,923		—		2,923
Noninterest income		7,590		5,164		12,754		6,896		4,464		11,360
Noninterest expense:
Salaries and employee benefits		13,826		3,568		17,394		11,037		2,769		13,806
Equipment and occupancy expenses		3,762		302		4,064		2,765		166		2,931
Data processing and telecommunications expenses		3,332		122		3,454		2,471		99		2,570
Other expenses		7,512		815		8,327		8,890		687		9,577
Total noninterest expense		28,432		4,807		33,239		25,163		3,721		28,884
Income before income tax expense		10,816		1,457		12,273		6,576		1,315		7,891
Income tax expense		3,413		510		3,923		2,146		460		2,606
Net income		7,403		947		8,350		4,430		855		5,285
Less preferred stock dividends		286		—		286		441		—		441
Net income available to common shareholders	$	7,117	$	947	$	8,064	$	3,989	$	855	$	4,844
Total assets	$	3,359,912	$	128,072	$	3,487,984	$	2,784,883	$	76,768	$	2,861,651
Stockholders’ equity		296,978		3,052		300,030		282,851		871		283,722

XML

Loans - Summary of Impaired Financial Receivables (Analysis of Covered Impaired Loans) (Detail) (Covered Loans [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	$ 94,908	$ 296,665	$ 106,690
Recorded Investment With No Allowance	82,556	120,107	91,395
Recorded Investment With Allowance
Total Recorded Investment	82,556	120,107	91,395
Related Allowance
Average Recorded Investment	86,976	127,507	110,830
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	12,143	24,301	9,680
Recorded Investment With No Allowance	10,039	8,754	7,270
Recorded Investment With Allowance
Total Recorded Investment	10,039	8,754	7,270
Related Allowance
Average Recorded Investment	8,655	9,778	8,696
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	20,704	78,421	20,915
Recorded Investment With No Allowance	18,034	23,978	18,037
Recorded Investment With Allowance
Total Recorded Investment	18,034	23,978	18,037
Related Allowance
Average Recorded Investment	18,036	23,607	21,794
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	36,664	139,197	46,612
Recorded Investment With No Allowance	31,746	55,822	40,749
Recorded Investment With Allowance
Total Recorded Investment	31,746	55,822	40,749
Related Allowance
Average Recorded Investment	36,247	60,026	51,584
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	25,230	54,422	29,089
Recorded Investment With No Allowance	22,604	31,310	24,998
Recorded Investment With Allowance
Total Recorded Investment	22,604	31,310	24,998
Related Allowance
Average Recorded Investment	23,801	33,823	28,452
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	167	324	394
Recorded Investment With No Allowance	133	243	341
Recorded Investment With Allowance
Total Recorded Investment	133	243	341
Related Allowance
Average Recorded Investment	$ 237	$ 273	$ 304

XML

Loans and Allowance for Loan Losses - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014 Category	Mar. 31, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchased non-covered loans	$ 437,300,000		$ 448,800,000
Covered loans acquired in FDIC-assisted transactions	372,700,000	460,700,000	390,200,000
Number of risk grading system category	9
Modified loans	6,300,000	27,400,000
Troubled debt restructurings	21,200,000	23,300,000	20,900,000
Troubled debt restructurings, previous charge-offs	2,300,000	2,600,000	2,100,000
Allowance for loan losses allocated to troubled debt restructurings	422,000	591,000	432,000
Commitments to lend additional funds	0
Troubled debt restructurings, provision for loan loss expense	225,000	320,000	1,500,000
Non-Covered Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings	6,500,000		7,200,000
Troubled debt restructurings, previous charge-offs	345,000		0
Commitments to lend additional funds	0
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	59,781,000	98,515,000	69,152,000
Modified loans	24,249,000	20,603,000	20,990,000
Troubled debt restructurings	22,775,000	21,592,000	22,243,000
Troubled debt restructurings, previous charge-offs	3,200,000	6,600,000	1,600,000
Commitments to lend additional funds	0
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due loan accrued	90 days
Nonaccrual loans	200,000
Loan-to-value ratio	110.00%
Minimum [Member] | Troubled Debt Restructuring [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 100,000

XML

Basis of Presentation and Accounting Policies - Carrying Amount and Estimated Fair Value of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financial assets:
Loans, net	$ 2,502,625	$ 2,447,455	$ 1,960,478
Financial liabilities:
Deposits	3,011,383	3,000,061	2,491,282
Other borrowings	59,677	194,572
Carrying Amount [Member]
Financial assets:
Loans, net	2,482,601	2,435,067	1,930,095
Financial liabilities:
Deposits	3,010,647	2,999,231	2,489,973
Other borrowings	59,677	194,572
Level 1 [Member]
Financial assets:
Loans, net
Financial liabilities:
Deposits
Other borrowings
Level 2 [Member]
Financial assets:
Loans, net	1,651,409	1,565,919	1,458,604
Financial liabilities:
Deposits	3,011,383	3,000,061	2,491,282
Other borrowings	59,677	194,572
Level 3 [Member]
Financial assets:
Loans, net	$ 851,216	$ 881,536	$ 501,874

XML

Basis of Presentation and Accounting Policies - Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	$ 508,406	$ 553,513	$ 366,361
Recurring liabilities at fair value	675	370	2,553
US Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	14,145	13,926	5,015
State, County and Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	111,574	112,754	115,532
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	10,383	10,325	10,297
Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	320,611	347,750	193,185
Mortgage Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	51,693	67,278	42,332
Derivative Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring liabilities at fair value	675	370	2,553
Collateralized Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value		1,480
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value		183,941	4,054
Recurring liabilities at fair value
Level 1 [Member] | US Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 1 [Member] | State, County and Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 1 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 1 [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value		182,461	4,054
Level 1 [Member] | Mortgage Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 1 [Member] | Derivative Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring liabilities at fair value
Level 1 [Member] | Collateralized Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value		1,480
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	506,406	367,572	360,307
Recurring liabilities at fair value	675	370	2,553
Level 2 [Member] | US Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	14,145	13,926	5,015
Level 2 [Member] | State, County and Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	111,574	112,754	115,532
Level 2 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	8,383	8,325	8,297
Level 2 [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	320,611	165,289	189,131
Level 2 [Member] | Mortgage Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	51,693	67,278	42,332
Level 2 [Member] | Derivative Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring liabilities at fair value	675	370	2,553
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	2,000	2,000	2,000
Level 3 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	$ 2,000	$ 2,000	$ 2,000

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Pending Merger and Acquisition

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

Pending Merger and Acquisition

NOTE 2 – PENDING MERGER AND ACQUISITION

On March 10, 2014, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Coastal Bankshares, Inc. (“Coastal”), a bank holding company headquartered in Savannah, Georgia. The Coastal Bank is a wholly owned banking subsidiary of Coastal that has a total of six banking locations in Chatham, Liberty and Effingham Counties, Georgia. As of December 31, 2013, Coastal reported assets of $433 million, loans of $295 million and deposits of $364 million. Under the terms of the Merger Agreement, Coastal will merge with and into Ameris, with Ameris as the surviving entity in the merger. In addition, The Coastal Bank will be merged with and into the Bank, with the Bank as the surviving entity.

Pursuant to the terms of the Merger Agreement, Coastal shareholders will receive 0.4671 shares of the Company’s common stock in exchange for each share of Coastal common stock they hold. Based on the closing price of the Company’s common stock on February 28, 2014, the transaction would be valued at approximately $37.3 million, which represents 169% of Coastal’s tangible book value as of December 31, 2013. The purchase price will be allocated among the assets of Coastal acquired as appropriate, with the remaining balance being reported as goodwill.

Consummation of the merger is subject to customary conditions, including, among others, approval of the Merger Agreement by Coastal’s shareholders and the receipt of required regulatory approvals. The transaction is expected to close during the third quarter of 2014.

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Basis of Presentation and Accounting Policies - Valuation Methodologies for Instruments Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	$ 931,555	$ 965,056	$ 630,223
Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	41,253	42,546	51,150
Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	33,839	33,351	40,434
Purchased Non-Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	437,269	448,753
Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	3,864	4,276
Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	372,694	390,237	460,724
Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	42,636	45,893	77,915
Level 1 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Purchased Non-Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Purchased Non-Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 3 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	931,555	965,056	630,223
Level 3 [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	41,253	42,546	51,150
Level 3 [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	33,839	33,351	40,434
Level 3 [Member] | Purchased Non-Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	437,269	448,753
Level 3 [Member] | Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	3,864	4,276
Level 3 [Member] | Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	372,694	390,237	460,724
Level 3 [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	$ 42,636	$ 45,893	$ 77,915

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Other Borrowings - Summary of Other Borrowings (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Total	$ 59,677	$ 194,572	$ 0
Fixed Rate Advance One [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014		165,000
Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36%	25,000
Revolving Credit Facility [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.24% at March 31, 2014) due in August 2016, secured by subsidiary bank stock	10,000	10,000
Correspondent Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable
Subordinated Debt One [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at March 31, 2014)	5,000	5,000
Subordinated Debt Two [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at March 31, 2014)	$ 14,714	$ 14,572

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Investment Securities - Amortized Cost and Fair Value of Debt Securities Available for Sale Securities by Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Schedule of Available-for-Sale Securities [Line Items]
Due in one year or less, Amortized Cost	$ 3,088
Due from one year to five years, Amortized Cost	41,430
Due from five to ten years, Amortized Cost	65,798
Due after ten years, Amortized Cost	25,270
Mortgage-backed securities, Amortized Cost	454,802	488,838	314,662
Due in one year or less, Estimated Fair Value	3,110
Due from one year to five years, Estimated Fair Value	43,038
Due from five to ten years, Estimated Fair Value	65,210
Due after ten years, Estimated Fair Value	24,744
Estimated Fair Value	456,713	486,235	324,029
Mortgage-Backed Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Mortgage-backed securities, Amortized cost	319,216
Mortgage-backed securities, Amortized Cost	319,216	349,441	188,492
Mortgage-backed securities, Estimated Fair Value	320,611
Estimated Fair Value	$ 320,611	$ 347,750	$ 193,185

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Loans - Summary of Impaired Financial Receivables (Summary of Purchased Non-Covered Impaired Loans) (Detail) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings not included above	$ 21,200,000	$ 23,300,000	$ 20,900,000
Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	15,318,000		6,659,000
Troubled debt restructurings not included above	5,191,000		5,938,000
Total impaired loans	20,509,000		12,597,000
Impaired loans not requiring a related allowance	20,509,000		12,597,000
Impaired loans requiring a related allowance
Allowance related to impaired loans
Average investment in impaired loans	16,553,000		242,000
Interest income recognized on impaired loans
Foregone interest income on impaired loans	$ 563,000

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Loans - Schedule of Allowances for Loan Losses by Portfolio Segment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 22,377	$ 23,593	$ 23,593
Provision for loan losses	1,501	2,603	9,947
Loans charged off	(1,606)	(3,036)	(13,284)
Ending balance	22,744	23,382	22,377
Recoveries of loans previously charged off	472	222	2,121
Ending balance	22,744	23,382	22,377
Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	4,076	4,409	3,585
Loans collectively evaluated for impairment	18,668	18,973	18,792
Ending balance	22,744	23,382	22,377
Ending balance	22,744	23,382	22,377
Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	38,088	45,229	39,203
Collectively evaluated for impairment	1,657,294	1,447,524	1,579,251
Ending balance	1,695,382	1,492,753	1,618,454
Commercial, Financial and Agricultural [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,823	2,439	2,439
Provision for loan losses	1,090	254	711
Loans charged off	(743)	(410)	(1,759)
Ending balance	2,219	2,367	1,823
Recoveries of loans previously charged off	49	84	432
Ending balance	2,219	2,367	1,823
Commercial, Financial and Agricultural [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	318	675	356
Loans collectively evaluated for impairment	1,901	1,692	1,467
Ending balance	2,219	2,367	1,823
Ending balance	2,219	2,367	1,823
Commercial, Financial and Agricultural [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	2,837	3,334	3,457
Collectively evaluated for impairment	267,734	177,554	240,916
Ending balance	270,571	180,888	244,373
Real Estate - Construction and Development [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	5,538	5,343	5,343
Provision for loan losses	337	1,467	1,742
Loans charged off	(65)	(655)	(2,020)
Ending balance	5,918	6,157	5,538
Recoveries of loans previously charged off	108	2	473
Ending balance	5,918	6,157	5,538
Real Estate - Construction and Development [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	631	641	407
Loans collectively evaluated for impairment	5,287	5,516	5,131
Ending balance	5,918	6,157	5,538
Ending balance	5,918	6,157	5,538
Real Estate - Construction and Development [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	3,817	8,281	3,581
Collectively evaluated for impairment	145,726	121,880	142,790
Ending balance	149,543	130,161	146,371
Real Estate - Commercial and Farmland [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	8,393	9,157	9,157
Provision for loan losses	622	696	2,777
Loans charged off	(533)	(1,025)	(3,571)
Ending balance	8,625	8,831	8,393
Recoveries of loans previously charged off	143	3	30
Ending balance	8,625	8,831	8,393
Real Estate - Commercial and Farmland [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	1,994	1,890	1,427
Loans collectively evaluated for impairment	6,631	6,941	6,966
Ending balance	8,625	8,831	8,393
Ending balance	8,625	8,831	8,393
Real Estate - Commercial and Farmland [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	16,832	19,545	15,240
Collectively evaluated for impairment	819,398	746,682	793,083
Ending balance	836,230	766,227	808,323
Real Estate - Residential [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	6,034	5,898	5,898
Provision for loan losses	(656)	339	4,463
Loans charged off	(181)	(779)	(5,215)
Ending balance	5,280	5,543	6,034
Recoveries of loans previously charged off	83	85	888
Ending balance	5,280	5,543	6,034
Real Estate - Residential [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	1,133	1,203	1,395
Loans collectively evaluated for impairment	4,147	4,340	4,639
Ending balance	5,280	5,543	6,034
Ending balance	5,280	5,543	6,034
Real Estate - Residential [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	14,602	14,069	16,925
Collectively evaluated for impairment	378,399	352,987	349,957
Ending balance	393,001	367,056	366,882
Consumer Installment Loans and Other [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	589	756	756
Provision for loan losses	108	(153)	254
Loans charged off	(84)	(167)	(719)
Ending balance	702	484	589
Recoveries of loans previously charged off	89	48	298
Ending balance	702	484	589
Consumer Installment Loans and Other [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment	702	484	589
Ending balance	702	484	589
Ending balance	702	484	589
Consumer Installment Loans and Other [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment	46,037	48,421	52,505
Ending balance	$ 46,037	$ 48,421	$ 52,505

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Assets
Cash and due from banks	$ 71,387	$ 62,955	$ 50,487
Federal funds sold and interest-bearing accounts	48,677	204,984	81,205
Investment securities available for sale, at fair value	456,713	486,235	324,029
Other investments	9,322	16,828	5,528
Mortgage loans held for sale	51,693	67,278	42,332
Loans, net of unearned income	1,695,382	1,618,454	1,492,753
Purchased loans not covered by FDIC loss share agreements ("purchased non-covered loans")	437,269	448,753
Purchased loans covered by FDIC loss share agreements ("covered loans")	372,694	390,237	460,724
Less: allowance for loan losses	22,744	22,377	23,382
Loans, net	2,482,601	2,435,067	1,930,095
Other real estate owned	33,839	33,351	40,434
Purchased, non-covered other real estate owned	3,864	4,276
Covered other real estate owned	42,636	45,893	77,915
Total other real estate owned	80,339	83,520	118,349
Premises and equipment, net	87,430	103,188	72,340
FDIC loss-share receivable	53,181	65,441	160,979
Intangible assets	5,477	6,009	2,676
Goodwill	35,049	35,049	956
Cash value of bank owned life insurance	49,738	49,432	45,832
Other assets	56,377	51,663	26,843
Total assets	3,487,984	3,667,649	2,861,651
Liabilities
Noninterest-bearing	698,866	668,531	490,961
Interest-bearing	2,311,781	2,330,700	1,999,012
Total deposits	3,010,647	2,999,231	2,489,973
Securities sold under agreements to repurchase	49,974	83,516	22,919
Other borrowings	59,677	194,572	0
Other liabilities	12,028	18,165	22,768
Subordinated deferrable interest debentures	55,628	55,466	42,269
Total liabilities	3,187,954	3,350,950	2,577,929
Commitments and contingencies
Stockholders' Equity
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0, 28,000 and 28,000 shares issued and outstanding		28,000	27,753
Common stock, par value $1; 100,000,000 shares authorized; 26,535,571, 26,461,769 and 25,238,635 shares issued	26,536	26,462	25,239
Capital surplus	190,513	189,722	165,078
Retained earnings	92,055	83,991	70,554
Accumulated other comprehensive income (loss)	2,374	(294)	6,274
Treasury stock, at cost, 1,376,498, 1,363,342 and 1,362,955 shares	(11,448)	(11,182)	(11,176)
Total stockholders' equity	300,030	316,699	283,722
Total liabilities and stockholders' equity	$ 3,487,984	$ 3,667,649	$ 2,861,651

XML

Loans and Allowance for Loan Losses - Summary of Purchased Non-Covered Loans According to Loan Type (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	$ 22,744	$ 22,377	$ 23,382
Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	437,269	448,753
Purchased Non-Covered Loans [Member] | Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	30,810	32,141
Purchased Non-Covered Loans [Member] | Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	31,820	31,176
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	174,281	179,898
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	196,078	200,851
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	$ 4,280	$ 4,687

XML

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:
Net income	$ 8,350	$ 5,285
Adjustments reconciling net income to net cash provided by operating activities:
Depreciation	1,871	1,246
Stock based compensation expense	795	197
Net (gains) losses on sale or disposal of premises and equipment	(18)	6
Net gains on securities available for sale	(6)	(172)
Net losses or write-downs on sale of other real estate owned	921	3,047
Provision for loan losses	1,726	2,923
Amortization of intangible assets	533	364
Net change in mortgage loans held for sale	15,585	6,454
Other prepaids, deferrals and accruals, net	2,489	11,570
Net cash provided by operating activities	32,245	30,920
Cash flows from investing activities, net of effects of business combinations:
Net decrease (increase) in federal funds sold and interest-bearing deposits	156,307	112,472
Proceeds from maturities of securities available for sale	11,834	20,746
Purchase of securities available for sale	(46,690)	(25,328)
Purchase of bank owned life insurance		(28,674)
Decrease in restricted equity securities, net	7,506	1,304
Proceeds from sales of securities available for sale	68,899	26,802
Net change in loans	(56,807)	(13,805)
Proceeds from sales of other real estate owned	8,932	10,140
Proceeds from sales of premises and equipment	55	713
(Increase) decrease in FDIC indemnification asset	12,260	(1,255)
Purchases of premises and equipment	(464)	(1,470)
Net cash provided by investing activities	161,832	101,645
Cash flows from financing activities, net of effects of business combinations:
Net (decrease) increase in deposits	11,416	(134,690)
Net decrease in securities sold under agreements to repurchase	(33,542)	(27,201)
Proceeds from other borrowings	29,963
Repayment of other borrowings	(165,000)
Redemption of preferred stock	(28,000)
Dividends paid-preferred stock	(286)	(349)
Purchase of treasury shares	(266)	(110)
Proceeds from exercise of stock options	70	16
Net cash used in financing activities	(185,645)	(162,334)
Net decrease in cash and due from banks	8,432	(29,769)
Cash and due from banks at beginning of period	62,955	80,256
Cash and due from banks at end of period	71,387	50,487
SUPPLEMNTAL DISCLOSURES OF NON-CASH INFORMATION
Interest	3,463	2,805
Income taxes		780
Loans transferred to other real estate owned	$ 7,547	$ 15,541

XML

Loans - Summary of Credit Quality Indicate Financial Receivable (Covered Loan Portfolio) (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	$ 1,695,382	$ 1,618,454	$ 1,492,753
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	372,694	390,237	460,724
Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,684	1,702	2,270
Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	64,918	66,963	78,056
Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	23,454	23,055	12,422
Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	156,233	157,438	170,675
Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	30,944	35,424	51,871
Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	95,461	105,655	145,430
Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	270,571	244,373	180,888
Commercial, Financial and Agricultural [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	24,813	26,550	28,568
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,769	2,184	3,117
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	139	134	75
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	6,921	7,508	8,135
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	5,106	5,125	2,979
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	10,878	11,599	14,262
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	149,543	146,371	130,161
Real Estate - Construction and Development [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	41,434	43,179	57,114
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	10	16	34
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	7,760	8,549	11,106
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	978	1,085	1,248
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	9,182	9,611	10,184
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,185	2,006	4,457
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	22,319	21,912	30,085
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	836,230	808,323	766,227
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	214,649	224,451	260,159
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,024	1,048	1,598
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	35,625	34,674	36,020
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	17,416	17,037	9,153
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	101,948	101,657	110,985
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	17,625	21,297	35,601
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	41,011	48,738	66,802
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	393,001	366,882	367,056
Real Estate - Residential [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	91,372	95,173	113,668
Real Estate - Residential [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	650	638	638
Real Estate - Residential [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	19,613	21,363	27,547
Real Estate - Residential [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,870	4,748	1,946
Real Estate - Residential [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	38,140	38,427	40,863
Real Estate - Residential [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	7,025	6,979	8,784
Real Estate - Residential [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	21,074	23,018	33,890
Real Estate - Residential [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	32,345	34,249	37,335
Consumer Installment Loans [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	426	884	1,215
Consumer Installment Loans [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	151	193	266
Consumer Installment Loans [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	51	51
Consumer Installment Loans [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	42	235	508
Consumer Installment Loans [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	3	17	50
Consumer Installment Loans [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	179	388	391
Consumer Installment Loans [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	13,692	18,256	11,086
Other [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade

XML

Pending Merger and Acquisition - Additional Information (Detail) (Coastal Bankshares, Inc. [Member], USD $)	0 Months Ended		12 Months Ended
	Mar. 10, 2014 Location	Feb. 28, 2014	Dec. 31, 2013	Mar. 31, 2014
Coastal Bankshares, Inc. [Member]
Business Acquisition [Line Items]
Number of banking locations	6
Merger agreement date	Mar. 10, 2014
Reported assets of Coastal Bank			$ 433,000,000
Reported loans of Coastal Bank			295,000,000
Reported deposits of Coastal Bank			364,000,000
Shares to receive for each share of Coastal common stock pursuant to the merger agreement				0.4671
Transaction amount		$ 37,300,000
Transaction value as a percentage of tangible book value			169.00%

XML

Loans - Summary of Troubled Debt Restructurings by Loan Class of Purchased Non-Covered Loans, Classified Separately under Restructured Terms (Detail) (Purchased Non-Covered Loans [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2014 Contract	Dec. 31, 2013 Contract
Loans Currently Paying Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	15	16
Troubled debt restructuring loans	$ 3,439	$ 4,229
Loans Currently Paying Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts
Troubled debt restructuring loans
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	6	1
Troubled debt restructuring loans	2,244	8
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		8
Troubled debt restructuring loans		3,068
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	8
Troubled debt restructuring loans	1,187
Loans Currently Paying Under Restructured Terms [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	7
Troubled debt restructuring loans	8	1,153
Loans That Have Defaulted Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	18	18
Troubled debt restructuring loans	3,020	2,921
Loans That Have Defaulted Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1
Troubled debt restructuring loans	6	6
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	2
Troubled debt restructuring loans	463	17
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	2
Troubled debt restructuring loans	1,687	296
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	8	4
Troubled debt restructuring loans	847	1,696
Loans That Have Defaulted Under Restructured Terms [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	9
Troubled debt restructuring loans	$ 17	$ 906

XML

Loans (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Accounts Notes Loans and Financial Receivables

Balances within the major loan categories are presented in the following table:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	270,571	$	244,373	$	180,888
Real estate – construction and development		149,543		146,371		130,161
Real estate – commercial and farmland		836,230		808,323		766,227
Real estate – residential		393,001		366,882		367,056
Consumer installment		32,345		34,249		37,335
Other		13,692		18,256		11,086
	$	1,695,382	$	1,618,454	$	1,492,753

Summary of Covered Loans According to Loan Type

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	24,813	$	26,550	$	28,568
Real estate – construction and development		41,434		43,179		57,114
Real estate – commercial and farmland		214,649		224,451		260,159
Real estate – residential		91,372		95,173		113,668
Consumer installment		426		884		1,215
	$	372,694	$	390,237	$	460,724

Schedule of Allowances for Loan Losses by Portfolio Segment

The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2014	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Provision for loan losses		1,090			337			622			(656	)		108			1,501
Loans charged off		(743	)		(65	)		(533	)		(181	)		(84	)		(1,606	)
Recoveries of loans previously charged off		49			108			143			83			89			472
Balance, March 31, 2014	$	2,219		$	5,918		$	8,625		$	5,280		$	702		$	22,744
Period-end amount allocated to:
Loans individually evaluated for impairment	$	318		$	631		$	1,994		$	1,133		$	—		$	4,076
Loans collectively evaluated for impairment		1,901			5,287			6,631			4,147			702			18,668
Ending balance	$	2,219		$	5,918		$	8,625		$	5,280		$	702		$	22,744
Loans:
Individually evaluated for impairment	$	2,837		$	3,817		$	16,832		$	14,602		$	—		$	38,088
Collectively evaluated for impairment		267,734			145,726			819,398			378,399			46,037			1,657,294
Ending balance	$	270,571		$	149,543		$	836,230		$	393,001		$	46,037		$	1,695,382

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		711			1,742			2,777			4,463			254			9,947
Loans charged off		(1,759	)		(2,020	)		(3,571	)		(5,215	)		(719	)		(13,284	)
Recoveries of loans previously charged off		432			473			30			888			298			2,121
Balance, December 31, 2013	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Period-end amount allocated to:
Loans individually evaluated for impairment	$	356		$	407		$	1,427		$	1,395		$	—		$	3,585
Loans collectively evaluated for impairment		1,467			5,131			6,966			4,639			589			18,792
Ending balance	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Loans:
Individually evaluated for impairment	$	3,457		$	3,581		$	15,240		$	16,925		$	—		$	39,203
Collectively evaluated for impairment		240,916			142,790			793,083			349,957			52,505			1,579,251
Ending balance	$	244,373		$	146,371		$	808,323		$	366,882		$	52,505		$	1,618,454

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		254			1,467			696			339			(153	)		2,603
Loans charged off		(410	)		(655	)		(1,025	)		(779	)		(167	)		(3,036	)
Recoveries of loans previously charged off		84			2			3			85			48			222
Balance, March 31, 2013	$	2,367		$	6,157		$	8,831		$	5,543		$	484		$	23,382
Period-end amount allocated to:
Loans individually evaluated for impairment	$	675		$	641		$	1,890		$	1,203		$	—		$	4,409
Loans collectively evaluated for impairment		1,692			5,516			6,941			4,340			484			18,973
Ending balance	$	2,367		$	6,157		$	8,831		$	5,543		$	484		$	23,382
Loans:
Individually evaluated for impairment	$	3,334		$	8,281		$	19,545		$	14,069		$	—		$	45,229
Collectively evaluated for impairment		177,554			121,880			746,682			352,987			48,421			1,447,524
Ending balance	$	180,888		$	130,161		$	766,227		$	367,056		$	48,421		$	1,492,753

Purchased Non-Covered Loans [Member]

Summary of Purchased Non-Covered Loans According to Loan Type

Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	30,810	$	32,141	$	—
Real estate – construction and development		31,820		31,176		—
Real estate – commercial and farmland		174,281		179,898		—
Real estate – residential		196,078		200,851		—
Consumer installment		4,280		4,687		—
	$	437,269	$	448,753	$	—

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	117	$	11	$	—
Real estate – construction and development		1,131		325		—
Real estate – commercial and farmland		6,829		1,653		—
Real estate – residential		7,208		4,658		—
Consumer installment		33		12		—
	$	15,318	$	6,659	$	—

Summary of Past Due Financial Receivables

The following table presents an analysis of purchased non-covered past due loans as of March 31, 2014 and December 31, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	291	$	—	$	117	$	408	$	30,402	$	30,810	$	—
Real estate – construction & development		680		661		867		2,208		29,612		31,820		—
Real estate – commercial & farmland		3,956		5,126		2,550		11,632		162,649		174,281		—
Real estate – residential		5,187		1,816		6,503		13,506		182,572		196,078		—
Consumer installment loans		12		11		30		53		4,227		4,280		—
Total	$	10,126	$	7,614	$	10,067	$	27,807	$	409,462	$	437,269	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2013:
Commercial, financial & agricultural	$	370	$	70	$	11	$	451	$	31,690	$	32,141	$	—
Real estate – construction & development		1,008		89		325		1,422		29,754		31,176		—
Real estate – commercial & farmland		6,851		2,064		1,516		10,431		169,467		179,898		—
Real estate – residential		4,667		1,074		3,428		9,169		191,682		200,851		—
Consumer installment loans		7		17		9		33		4,654		4,687		—
Total	$	12,903	$	3,314	$	5,289	$	21,506	$	427,247	$	448,753	$	—

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to purchased non-covered impaired loans:

	As of and For the Period Ended
	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	15,318	$	6,659	$	—
Troubled debt restructurings not included above		5,191		5,938		—
Total impaired loans	$	20,509	$	12,597	$	—
Impaired loans not requiring a related allowance	$	20,509	$	12,597	$	—
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	16,553	$	242	$	—
Interest income recognized on impaired loans	$	—	$	—	$	—
Foregone interest income on impaired loans	$	563	$	—	$	—

The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of March 31, 2014 and December 31, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	233	$	117	$	—	$	117	$	—	$	64
Real estate – construction & development		6,173		3,574		—		3,574		—		3,631
Real estate – commercial & farmland		12,966		7,790		—		7,790		—		5,336
Real estate – residential		15,524		8,987		—		8,987		—		7,483
Consumer installment loans		240		41		—		41		—		39
Total	$	35,136	$	20,509	$	—	$	20,509	$	—	$	16,553
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	19	$	11	$	—	$	11	$	—	$	—
Real estate – construction & development		5,719		3,690		—		3,690		—		71
Real estate – commercial & farmland		4,563		2,881		—		2,881		—		55
Real estate – residential		9,612		5,978		—		5,978		—		115
Consumer installment loans		57		37		—		37		—		1
Total	$	19,970	$	12,597	$	—	$	12,597	$	—	$	242

Summary of Credit Quality Indicate Financial Receivable

The following table presents the purchased non-covered loan portfolio by risk grade as of March 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	1,932	$	—	$	—	$	287	$	328	$	—	$	2,547
15		4,408		52		12,422		14,231		679		—		31,792
20		4,596		3,907		43,132		33,553		1,218		—		86,406
23		—		—		—		—		—		—		—
25		19,213		22,780		102,918		134,653		1,965		—		281,529
30		235		697		3,387		2,660		20		—		6,999
40		426		4,384		12,422		10,694		70		—		27,996
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	30,810	$	31,820	$	174,281	$	196,078	$	4,280	$	—	$	437,269

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	1,865	$	—	$	—	$	289	$	451	$	—	$	2,605
15		4,606		7		12,998		16,160		703		—		34,474
20		5,172		3,960		43,802		34,576		1,383		—		88,893
23		—		—		—		—		—		—		—
25		19,638		20,733		102,260		129,923		1,888		—		274,442
30		576		1,760		9,554		10,878		194		—		22,962
40		284		4,716		11,284		9,025		68		—		25,377
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	32,141	$	31,176	$	179,898	$	200,851	$	4,687	$	—	$	448,753

Summary of Trouble Debt Restructuring by Loan Class

The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as accrual and non-accrual at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		7		2,443		2		264
Real estate – commercial & farmland		2		961		2		726
Real estate – residential		12		1,779		4		255
Consumer installment		1		8		2		17
Total		22	$	5,191		11	$	1,268
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		10		3,364		—		—
Real estate – commercial & farmland		3		1,228		1		468
Real estate – residential		8		1,321		8		738
Consumer installment		3		25		—		—
Total		24	$	5,938		10	$	1,212

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		6		2,244		3		463
Real estate – commercial & farmland		—		—		4		1,687
Real estate – residential		8		1,187		8		847
Consumer installment		1		8		2		17
Total		15	$	3,439		18	$	3,020
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		1		8		2		17
Real estate – commercial & farmland		8		3,068		2		296
Real estate – residential		—		—		4		1,696
Consumer installment		7		1,153		9		906
Total		16	$	4,229		18	$	2,921

Summary of Troubled Debt Restructuring by Concessions Made Types

The following table presents the amount of troubled debt restructurings included in purchased non-covered loans, by types of concessions made, classified separately as accrual and non-accrual at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Principal		1	$	299		—	$	—
Forgiveness of Principal		1		164		1		259
Payment Modification Only		1		61		1		13
Rate Reduction Only		12		2,354		7		491
Rate Reduction, Forbearance of Principal		7		2,313		2		505
Total		22	$	5,191		11	$	1,268

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		1	$	300		—	$	—
Forgiveness of Principal		2		425		—		—
Payment Modification Only		2		75		—		—
Rate Reduction Only		11		2,170		8		707
Rate Reduction, Forbearance of Principal		8		2,968		2		505
Total		24	$	5,938		10	$	1,212

Summary of Troubled Debt Restructurings by Collateral Types

The following table presents the amount of troubled debt restructurings included in purchased non-covered loans, by collateral types, classified separately as accrual and non-accrual at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		1	$	467
Raw Land		5		1,988		—		—
Office		1		798		—		—
Retail, including Strip Centers		1		164		1		259
1-4 Family Residential		15		2,241		6		519
Automobile/Equipment/Inventory		—		—		3		23
Total		22	$	5,191		11	$	1,268

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		1	$	468
Raw Land		6		2,640		—		—
Office		1		803		—		—
Retail, including Strip Centers		2		425		—		—
1-4 Family Residential		13		2,053		8		738
Automobile/Equipment/Inventory		2		17		1		6
Total		24	$	5,938		10	$	1,212

Excluding Purchased Non-Covered and Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	3,008	$	4,103	$	3,756
Real estate – construction and development		4,080		3,971		9,390
Real estate – commercial and farmland		8,550		8,566		9,798
Real estate – residential		10,631		12,152		13,840
Consumer installment		460		411		692
	$	26,729	$	29,203	$	37,476

Summary of Past Due Financial Receivables

The following table presents an analysis of loans, excluding purchased non-covered and covered past due loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	1,083	$	386	$	2,956	$	4,425	$	266,146	$	270,571	$	—
Real estate – construction & development		1,304		249		3,919		5,472		144,071		149,543		—
Real estate – commercial & farmland		2,255		1,650		7,622		11,527		824,703		836,230		—
Real estate – residential		3,657		1,541		10,298		15,496		377,505		393,001		—
Consumer installment loans		474		68		345		887		31,458		32,345		—
Other		—		—		—		—		13,692		13,692		—
Total	$	8,773	$	3,894	$	25,140	$	37,807	$	1,657,575	$	1,695,382	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2013:
Commercial, financial & agricultural	$	10,893	$	272	$	4,081	$	15,246	$	229,127	$	244,373	$	—
Real estate – construction & development		1,026		69		3,935		5,030		141,341		146,371		—
Real estate – commercial & farmland		3,981		1,388		7,751		13,120		795,203		808,323		—
Real estate – residential		5,422		1,735		11,587		18,744		348,138		366,882		—
Consumer installment loans		568		197		305		1,070		33,179		34,249		—
Other		—		—		—		—		18,256		18,256		—
Total	$	21,890	$	3,661	$	27,659	$	53,210	$	1,565,244	$	1,618,454	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	1,797	$	149	$	3,729	$	5,675	$	175,213	$	180,888	$	—
Real estate – construction & development		1,538		1,538		8,312		11,388		118,773		130,161		—
Real estate – commercial & farmland		11,115		3,220		9,352		23,687		742,540		766,227		—
Real estate – residential		7,686		1,719		11,699		21,104		345,952		367,056		—
Consumer installment loans		745		169		563		1,477		35,858		37,335		—
Other		—		—		—		—		11,086		11,086		—
Total	$	22,881	$	6,795	$	33,655	$	63,331	$	1,429,422	$	1,492,753	$	—

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans:

	As of and For the Period Ended
	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	26,729	$	29,203	$	37,476
Troubled debt restructurings not included above		18,848		17,214		18,513
Total impaired loans	$	45,577	$	46,417	$	55,989
Impaired loans not requiring a related allowance	$	—	$	—	$	—
Impaired loans requiring a related allowance	$	45,577	$	46,417	$	55,989
Allowance related to impaired loans	$	4,324	$	3,871	$	4,839
Average investment in impaired loans	$	45,997	$	51,721	$	56,808
Interest income recognized on impaired loans	$	20	$	522	$	78
Foregone interest income on impaired loans	$	246	$	418	$	54

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	5,421	$	—	$	3,719	$	3,719	$	394	$	4,169
Real estate – construction & development		10,636		—		6,033		6,033		736		5,950
Real estate – commercial & farmland		19,983		—		17,282		17,282		1,972		16,380
Real estate – residential		21,307		—		17,996		17,996		1,211		18,983
Consumer installment loans		688		—		547		547		11		515
Total	$	58,035	$	—	$	45,577	$	45,577	$	4,324	$	45,997

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	6,240	$	—	$	4,618	$	4,618	$	435	$	4,844
Real estate – construction & development		11,363		—		5,867		5,867		512		8,341
Real estate – commercial & farmland		18,456		—		15,479		15,479		1,443		17,559
Real estate – residential		24,342		—		19,970		19,970		1,472		20,335
Consumer installment loans		623		—		483		483		9		642
Total	$	61,024	$	—	$	46,417	$	46,417	$	3,871	$	51,721
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	7,818	$	—	$	4,555	$	4,555	$	740	$	4,747
Real estate – construction & development		20,633		—		11,273		11,273		922		11,144
Real estate – commercial & farmland		22,996		—		18,676		18,676		1,816		19,793
Real estate – residential		24,777		—		20,792		20,792		1,344		20,320
Consumer installment loans		920		—		693		693		17		804
Total	$	77,144	$	—	$	55,989	$	55,989	$	4,839	$	56,808

Summary of Credit Quality Indicate Financial Receivable

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	86,688	$	—	$	259	$	478	$	6,380	$	—	$	93,805
15		26,730		5,483		153,285		57,119		1,346		—		243,963
20		90,692		48,872		454,292		192,492		17,678		13,692		817,718
23		120		9,111		9,784		11,765		276		—		31,056
25		55,827		76,962		178,174		100,634		5,580		—		417,177
30		5,386		2,889		15,324		14,440		201		—		38,240
40		5,001		6,226		25,112		16,063		884		—		53,286
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	270,571	$	149,543	$	836,230	$	393,001	$	32,345	$	13,692	$	1,695,382

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	66,983	$	—	$	265	$	419	$	6,714	$	—	$	74,381
15		24,789		4,655		147,157		52,335		1,276		—		230,212
20		93,852		45,195		431,790		165,339		18,619		18,256		773,051
23		127		8,343		10,219		12,641		274		—		31,604
25		50,373		78,736		181,645		103,427		6,310		—		420,491
30		2,111		2,876		11,849		13,558		197		—		30,591
40		6,011		6,566		25,398		19,153		859		—		57,987
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	244,373	$	146,371	$	808,323	$	366,882	$	34,249	$	18,256	$	1,618,454

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	32,223	$	—	$	304	$	500	$	7,241	$	—	$	40,268
15		11,569		4,794		146,563		68,212		1,635		—		232,773
20		75,503		34,947		385,984		138,634		19,623		11,086		665,777
23		45		6,606		8,970		13,662		120		—		29,403
25		52,631		66,012		187,567		112,096		7,340		—		425,646
30		3,324		6,004		12,334		10,573		250		—		32,485
40		5,494		11,643		24,505		23,379		1,126		—		66,147
50		99		155		—		—		—		—		254
60		—		—		—		—		—		—		—
Total	$	180,888	$	130,161	$	766,227	$	367,056	$	37,335	$	11,086	$	1,492,753

Summary of Trouble Debt Restructuring by Loan Class

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	711		2	$	40
Real estate – construction & development		11		1,953		1		29
Real estate – commercial & farmland		19		8,733		5		1,316
Real estate – residential		35		7,364		8		961
Consumer installment		11		87		2		19
Total		80	$	18,848		18	$	2,365
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		17		6,913		4		2,273
Real estate – residential		37		7,818		8		834
Consumer installment		6		72		3		19
Total		72	$	17,214		20	$	3,683
As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	799		—	$	—
Real estate – construction & development		5		1,883		1		43
Real estate – commercial & farmland		16		8,878		3		3,595
Real estate – residential		26		6,953		3		1,111
Consumer installment		—		—		1		6
Total		52	$	18,513		8	$	4,755

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	268		2	$	482
Real estate – construction & development		10		1,916		2		66
Real estate – commercial & farmland		19		8,733		5		1,316
Real estate – residential		30		6,365		13		1,961
Consumer installment		11		80		2		26
Total		74	$	17,362		24	$	3,851
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		16		6,396		5		2,789
Real estate – residential		32		6,699		13		1,953
Consumer installment		7		90		2		2
Total		67	$	15,596		25	$	5,301
As of March 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	799		—	$	—
Real estate – construction & development		5		1,883		1		43
Real estate – commercial & farmland		16		8,878		3		3,595
Real estate – residential		26		6,953		3		1,111
Consumer installment		—		—		1		6
Total		52	$	18,513		8	$	4,755

Summary of Troubled Debt Restructuring by Concessions Made Types

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by types of concessions made, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		8	$	1,933		4	$	300
Forgiveness of Principal		4		1,957		1		516
Payment Modification Only		—		—		1		149
Rate Reduction Only		13		6,782		4		1,134
Rate Reduction, Forbearance of Interest		38		5,489		6		230
Rate Reduction, Forbearance of Principal		17		2,687		1		7
Rate Reduction, Payment Modification		—		—		1		29
Total		80	$	18,848		18	$	2,365
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		10	$	2,170		2	$	97
Forgiveness of Principal		3		1,467		1		145
Payment Modification Only		1		280		1		88
Rate Reduction Only		14		7,069		3		913
Rate Reduction, Forbearance of Interest		26		3,252		12		2,411
Rate Reduction, Forbearance of Principal		18		2,976		—		—
Rate Reduction, Payment Modification		—		—		1		29
Total		72	$	17,214		20	$	3,683
As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		2	$	1,843		—	$	—
Forgiveness of Principal		3		1,504		1		207
Payment Modification Only		2		376		—		—
Rate Reduction Only		10		7,033		2		182
Rate Reduction, Forbearance of Interest		17		4,046		2		3,100
Rate Reduction, Forbearance of Principal		18		3,711		1		255
Rate Reduction, Payment Modification		—		—		2		1,011
Total		52	$	18,513		8	$	4,755

Summary of Troubled Debt Restructurings by Collateral Types

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by collateral types, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,345		2	$	586
Raw Land		5		1,298		1		29
Agriculture		1		311		1		66
Hotel & Motel		3		2,154		—		—
Office		4		1,652		1		149
Retail, including Strip Centers		6		2,905		1		516
1-4 Family Residential		42		8,027		9		978
Church		1		365		—		—
Automobile/Equipment/Inventory		13		548		3		41
Unsecured		1		243		—		—
Total		80	$	18,848		18	$	2,365

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,346		2	$	592
Raw Land		11		2,345		2		32
Hotel & Motel		3		2,185		—		—
Office		4		1,909		—		—
Retail, including Strip Centers		4		1,095		2		1,680
1-4 Family Residential		36		7,747		9		852
Life Insurance Policy		1		250		—		—
Automobile/Equipment/Inventory		8		92		4		479
Unsecured		1		245		1		48
Total		72	$	17,214		20	$	3,683

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		3	$	1,689		1	$	176
Raw Land		1		1,285		1		43
Hotel & Motel		3		2,273		—		—
Office		4		2,095		1		2,450
Retail, including Strip Centers		6		2,821		1		969
1-4 Family Residential		30		7,550		3		1,111
Life Insurance Policy		1		250		—		—
Automobile/Equipment/Inventory		3		500		1		6
Unsecured		1		50		—		—
Total		52	$	18,513		8	$	4,755

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	10,025	$	7,257	$	8,718
Real estate – construction and development		14,780		14,781		18,956
Real estate – commercial and farmland		24,285		33,495		47,580
Real estate – residential		10,558		13,278		23,018
Consumer installment		133		341		243
	$	59,781	$	69,152	$	98,515

Summary of Past Due Financial Receivables

The following table presents an analysis of covered past due loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	688	$	55	$	8,976	$	9,719	$	15,094	$	24,813	$	—
Real estate – construction & development		4,248		302		14,472		19,022		22,412		41,434		—
Real estate – commercial & farmland		15,732		3,722		17,680		37,134		177,515		214,649		—
Real estate – residential		3,579		1,585		9,752		14,916		76,456		91,372		1,396
Consumer installment loans		2		50		103		155		271		426		—
Total	$	24,249	$	5,714	$	50,983	$	80,946	$	291,748	$	372,694	$	1,396
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2013:
Commercial, financial & agricultural	$	3,966	$	12	$	6,165	$	10,143	$	16,407	$	26,550	$	—
Real estate – construction & development		843		144		14,055		15,042		28,137		43,179		—
Real estate – commercial & farmland		8,482		4,350		26,428		39,260		185,191		224,451		346
Real estate – residential		7,648		1,914		10,244		19,806		75,367		95,173		—
Consumer installment loans		51		14		305		370		514		884		—
Total	$	20,990	$	6,434	$	57,197	$	84,621	$	305,616	$	390,237	$	346
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	756	$	314	$	7,270	$	8,340	$	20,228	$	28,568	$	98
Real estate – construction & development		3,971		876		17,415		22,262		34,852		57,114		—
Real estate – commercial & farmland		10,227		2,837		42,464		55,528		204,631		260,159		—
Real estate – residential		5,608		345		18,895		24,848		88,820		113,668		48
Consumer installment loans		41		11		205		257		958		1,215		—
Total	$	20,603	$	4,383	$	86,249	$	111,235	$	349,489	$	460,724	$	146

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to covered impaired loans:

	As of and For the Period Ended
	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	59,781	$	69,152	$	98,515
Troubled debt restructurings not included above		22,775		22,243		21,592
Total impaired loans	$	82,556	$	91,395	$	120,107
Impaired loans not requiring a related allowance	$	82,556	$	91,395	$	120,107
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	86,976	$	110,830	$	127,507
Interest income recognized on impaired loans	$	155	$	968	$	169
Foregone interest income on impaired loans	$	10	$	330	$	147

The following table presents an analysis of information pertaining to impaired covered loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	12,143	$	10,039	$	—	$	10,039	$	—	$	8,655
Real estate – construction & development		20,704		18,034		—		18,034		—		18,036
Real estate – commercial & farmland		36,664		31,746		—		31,746		—		36,247
Real estate – residential		25,230		22,604		—		22,604		—		23,801
Consumer installment loans		167		133		—		133		—		237
Total	$	94,908	$	82,556	$	—	$	82,556	$	—	$	86,976
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	9,680	$	7,270	$	—	$	7,270	$	—	$	8,696
Real estate – construction & development		20,915		18,037		—		18,037		—		21,794
Real estate – commercial & farmland		46,612		40,749		—		40,749		—		51,584
Real estate – residential		29,089		24,998		—		24,998		—		28,452
Consumer installment loans		394		341		—		341		—		304
Total	$	106,690	$	91,395	$	—	$	91,395	$	—	$	110,830
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	24,301	$	8,754	$	—	$	8,754	$	—	$	9,778
Real estate – construction & development		78,421		23,978		—		23,978		—		23,607
Real estate – commercial & farmland		139,197		55,822		—		55,822		—		60,026
Real estate – residential		54,422		31,310		—		31,310		—		33,823
Consumer installment loans		324		243		—		243		—		273
Total	$	296,665	$	120,107	$	—	$	120,107	$	—	$	127,507

Summary of Credit Quality Indicate Financial Receivable

The following table presents the covered loan portfolio by risk grade as of March 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		10		1,024		650		—		—		1,684
20		1,769		7,760		35,625		19,613		151		—		64,918
23		139		978		17,416		4,870		51		—		23,454
25		6,921		9,182		101,948		38,140		42		—		156,233
30		5,106		1,185		17,625		7,025		3		—		30,944
40		10,878		22,319		41,011		21,074		179		—		95,461
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	24,813	$	41,434	$	214,649	$	91,372	$	426	$	—	$	372,694

The following table presents the covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		16		1,048		638		—		—		1,702
20		2,184		8,549		34,674		21,363		193		—		66,963
23		134		1,085		17,037		4,748		51		—		23,055
25		7,508		9,611		101,657		38,427		235		—		157,438
30		5,125		2,006		21,297		6,979		17		—		35,424
40		11,599		21,912		48,738		23,018		388		—		105,655
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	26,550	$	43,179	$	224,451	$	95,173	$	884	$	—	$	390,237

The following table presents the covered loan portfolio by risk grade as of March 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		34		1,598		638		—		—		2,270
20		3,117		11,106		36,020		27,547		266		—		78,056
23		75		1,248		9,153		1,946		—		—		12,422
25		8,135		10,184		110,985		40,863		508		—		170,675
30		2,979		4,457		35,601		8,784		50		—		51,871
40		14,262		30,085		66,802		33,890		391		—		145,430
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	28,568	$	57,114	$	260,159	$	113,668	$	1,215	$	—	$	460,724

Summary of Trouble Debt Restructuring by Loan Class

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	14		5	$	68
Real estate – construction & development		3		3,254		5		49
Real estate – commercial & farmland		14		7,461		7		3,872
Real estate – residential		85		12,046		9		1,031
Consumer installment		—		—		1		5
Total		103	$	22,775		27	$	5,025

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	13		5	$	71
Real estate – construction & development		3		3,256		4		52
Real estate – commercial & farmland		13		7,255		5		3,946
Real estate – residential		83		11,719		8		942
Consumer installment		—		—		2		10
Total		100	$	22,243		24	$	5,021

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	36		1	$	—
Real estate – construction & development		8		5,022		3		788
Real estate – commercial & farmland		13		6,438		6		4,984
Real estate – residential		53		8,266		9		2,016
Consumer installment		—		—		1		6
Total		75	$	19,762		20	$	7,794

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at March 31, 2013, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	43		1	$	40
Real estate – construction & development		2		374		6		2,928
Real estate – commercial & farmland		18		6,962		3		4,370
Real estate – residential		75		9,576		19		3,502
Consumer installment		1		5		—		—
Total		101	$	16,960		29	$	10,840
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	45		1	$	40
Real estate – construction & development		5		3,273		2		34
Real estate – commercial & farmland		15		7,543		3		3,658
Real estate – residential		68		9,206		23		3,455
Consumer installment		2		10		—		—
Total		95	$	20,077		29	$	7,187
As of March 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	36		1	$	—
Real estate – construction & development		8		5,022		3		788
Real estate – commercial & farmland		14		6,603		5		4,819
Real estate – residential		52		8,373		10		1,909
Consumer installment		1		6		—		—
Total		76	$	20,040		19	$	7,516

Summary of Troubled Debt Restructuring by Concessions Made Types

The following table presents the amount of troubled debt restructurings included in covered loans, by types of concessions made, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		4	$	127
Forgiveness of Principal		—		—		—		—
Payment Modification Only		—		—		—		—
Rate Reduction Only		90		18,578		10		1,043
Rate Reduction, Forbearance of Interest		3		88		8		471
Rate Reduction, Forbearance of Principal		9		3,259		5		3,384
Rate Reduction, Payment Modification		1		850		—		—
Total		103	$	22,775		27	$	5,025

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		3	$	98
Forgiveness of Principal		—		—		—		—
Payment Modification Only		—		—		—		—
Rate Reduction Only		89		18,687		9		953
Rate Reduction, Forbearance of Interest		3		88		8		478
Rate Reduction, Forbearance of Principal		7		2,613		4		3,492
Rate Reduction, Payment Modification		1		855		—		—
Total		100	$	22,243		24	$	5,021

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		3	$	232		6	$	1,077
Forgiveness of Principal		—		—		1		—
Payment Modification Only		—		—		—		—
Rate Reduction Only		61		15,897		8		1,820
Rate Reduction, Forbearance of Interest		4		456		2		1,362
Rate Reduction, Forbearance of Principal		6		2,322		3		3,535
Rate Reduction, Payment Modification		1		855		—		—
Total		75	$	19,762		20	$	7,794

Summary of Troubled Debt Restructurings by Collateral Types

The following table presents the amount of troubled debt restructurings included in covered loans, by collateral types, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		2	$	486
Raw Land		1		374		5		59
Hotel & Motel		7		4,867		—		—
Office		2		1,342		1		73
Retail, including Strip Centers		5		3,819		3		3,287
1-4 Family Residential		87		12,359		11		1,052
Automobile/Equipment/Inventory		—		—		5		68
Unsecured		1		14		—		—
Total		103	$	22,775		27	$	5,025

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		1	$	377
Raw Land		1		375		3		37
Hotel & Motel		6		5,118		1		155
Office		1		855		1		78
Retail, including Strip Centers		6		3,853		2		3,337
1-4 Family Residential		85		12,029		11		966
Automobile/Equipment/Inventory		—		—		5		71
Unsecured		1		13		—		—
Total		100	$	22,243		24	$	5,021

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		1	$	379		—	$	—
Raw Land		4		2,496		2		772
Hotel & Motel		6		3,650		1		166
Office		1		855		1		87
Retail, including Strip Centers		7		3,769		4		4,732
1-4 Family Residential		54		8,563		11		2,037
Automobile/Equipment/Inventory		1		36		1		—
Unsecured		1		14		—		—
Total		75	$	19,762		20	$	7,794

XML

Business Combinations - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	0 Months Ended
	Dec. 23, 2013 Location
Prosperity Bank [Member]
Business Acquisition [Line Items]
Number of banking locations	12
Prosperity Banking Company [Member]
Business Acquisition [Line Items]
Shares to receive for each share of Prosperity common stock pursuant to the merger agreement	3.125
Cash to receive for each share of Prosperity common stock pursuant to the merger agreement	$ 41.50
Issuance of common stock, shares	1,168,918
Issuance of common stock, fair value	$ 24.6

XML

Weighted Average Shares Outstanding (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Summary of Weighted Average Number of Shares

Earnings per share have been computed based on the following weighted average number of common shares outstanding:

	For the Three Months Ended March 31,
	2014		2013
	(share data in thousands)
Basic shares outstanding		25,144		23,868
Plus: Dilutive effect of ISOs		95		63
Plus: Dilutive effect of Restricted Grants		334		315
Diluted shares outstanding		25,573		24,246

XML

Loans - Summary of Trouble Debt Restructuring by Loan Class of Covered Loans (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,200	$ 20,900	$ 23,300
Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	103	100	75
Troubled debt restructuring loans	22,775	22,243	19,762
Covered Loans [Member] | Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	14	13	36
Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	3	8
Troubled debt restructuring loans	3,254	3,256	5,022
Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	14	13	13
Troubled debt restructuring loans	7,461	7,255	6,438
Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	85	83	53
Troubled debt restructuring loans	12,046	11,719	8,266
Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	27	24	20
Troubled debt restructuring loans	5,025	5,021	7,794
Covered Loans [Member] | Non-Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	5	1
Troubled debt restructuring loans	68	71
Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	4	3
Troubled debt restructuring loans	49	52	788
Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	7	5	6
Troubled debt restructuring loans	3,872	3,946	4,984
Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	9	8	9
Troubled debt restructuring loans	1,031	942	2,016
Covered Loans [Member] | Non-Accruing Loans [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2	1
Troubled debt restructuring loans	$ 5	$ 10	$ 6

XML

Basis of Presentation and Accounting Policies

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Basis of Presentation and Accounting Policies

NOTE 1 – BASIS OF PRESENTATION AND ACCOUNTING POLICIES

Ameris Bancorp (the “Company” or “Ameris”) is a financial holding company headquartered in Moultrie, Georgia. Ameris conducts substantially all of its operations through its wholly owned banking subsidiary, Ameris Bank (the “Bank”). At March 31, 2014 the Bank operated 68 branches in select markets in Georgia, Alabama, Florida and South Carolina. Our business model capitalizes on the efficiencies of a large financial services company while still providing the community with the personalized banking service expected by our customers. We manage our Bank through a balance of decentralized management responsibilities and efficient centralized operating systems, products and loan underwriting standards. The Company’s Board of Directors and senior managers establish corporate policy, strategy and administrative policies. Within our established guidelines and policies, the banker closest to the customer responds to the differing needs and demands of his or her unique market.

The accompanying unaudited consolidated financial statements for Ameris have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. The interim consolidated financial statements included herein are unaudited but reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods presented. All significant intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the period ended March 31, 2014 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto and the report of our registered independent public accounting firm included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

Newly Adopted Accounting Pronouncements

ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors (“ASU 2014-04”). ASU 2014-04 clarifies when a creditor should reclassify mortgage loans collateralized by residential real estate from loans to other real estate owned. It defines when an in-substance repossession or foreclosure has occurred and when a creditor is considered to have received physical possession of residential real estate collateralizing a mortgage loan. ASU 2014-04 is effective for fiscal years beginning after December 31, 2014, and early adoption is permitted. It can be applied either prospectively or using a modified retrospective transition method. The Company is evaluating the impact this standard may have on the Company’s results of operations, financial position or disclosures.

ASU 2013-11 – Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, if a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of these revisions did not have a material impact on the Company’s results of operations, financial position or disclosures.

Fair Value of Financial Instruments

The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair value is based on discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The accounting standard for disclosures about the fair value of financial instruments excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

The fair value hierarchy describes three levels of inputs that may be used to measure fair value:

Level 1—Quoted prices in active markets for identical assets or liabilities.

Level 2—Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments and other accounts recorded based on their fair value:

Cash, Due From Banks, Interest-Bearing Deposits in Banks and Federal Funds Sold: The carrying amount of cash, due from banks and interest-bearing deposits in banks and federal funds sold approximates fair value.

Investment Securities Available for Sale: The fair value of securities available for sale is determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Level 2 securities include mortgage-backed securities issued by government sponsored enterprises and municipal bonds. The Level 2 fair value pricing is provided by an independent third-party and is based upon similar securities in an active market. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include certain residual municipal securities and other less liquid securities.

Other Investments: Federal Home Loan Bank (“FHLB”) stock is included in other investment securities at its original cost basis, as cost approximates fair value and there is no ready market for such investments.

Mortgage Loans Held for Sale: The fair value of mortgage loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and are classified within Level 2 of the valuation hierarchy.

Loans: The carrying amount of variable-rate loans that reprice frequently and have no significant change in credit risk approximates fair value. The fair value of fixed-rate loans is estimated based on discounted contractual cash flows, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The fair value of impaired loans is estimated based on discounted contractual cash flows or underlying collateral values, where applicable. A loan is determined to be impaired if the Company believes it is probable that all principal and interest amounts due according to the terms of the note will not be collected as scheduled. The fair value of impaired loans is determined in accordance with ASC 310-10, Accounting by Creditors for Impairment of a Loan, and generally results in a specific reserve established through a charge to the provision for loan losses. Losses on impaired loans are charged to the allowance when management believes the uncollectability of a loan is confirmed. Management has determined that the majority of impaired loans are Level 3 assets due to the extensive use of market appraisals. To the extent that market appraisals or other methods do not produce reliable determinations of fair value, these assets are deemed to be Level 3.

Other Real Estate Owned: The fair value of other real estate owned (“OREO”) is determined using certified appraisals that value the property at its highest and best uses by applying traditional valuation methods common to the industry. The Company does not hold any OREO for profit purposes and all other real estate is actively marketed for sale. In most cases, management has determined that additional write-downs are required beyond what is calculable from the appraisal to carry the property at levels that would attract buyers. Because this additional write-down is not based on observable inputs, management has determined that other real estate owned should be classified as Level 3.

Covered Assets: Covered assets include loans and other real estate owned on which the majority of losses would be covered by loss-sharing agreements with the Federal Deposit Insurance Corporation (the “FDIC”). Management initially valued these assets at fair value using mostly unobservable inputs and, as such, has classified these assets as Level 3.

Intangible Assets and Goodwill: Intangible assets consist of core deposit premiums acquired in connection with business combinations and are based on the established value of acquired customer deposits. The core deposit premium is initially recognized based on a valuation performed as of the consummation date and is amortized over an estimated useful life of three to ten years. Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. Goodwill and other intangible assets deemed to have an indefinite useful life are not amortized but instead are subject to an annual review for impairment.

FDIC Loss-Share Receivable: Because the FDIC will reimburse the Company for certain acquired loans should the Company experience a loss, an indemnification asset is recorded at fair value at the acquisition date. The indemnification asset is recognized at the same time as the indemnified loans, and measured on the same basis, subject to collectability or contractual limitations. The shared-loss agreements on the acquisition date reflect the reimbursements expected to be received from the FDIC, using an appropriate discount rate, which reflects counterparty credit risk and other uncertainties. The shared-loss agreements continue to be measured on the same basis as the related indemnified loans, and the loss-share receivable is impacted by changes in estimated cash flows associated with these loans.

Deposits: The carrying amount of demand deposits, savings deposits and variable-rate certificates of deposit approximates fair value. The fair value of fixed-rate certificates of deposit is estimated based on discounted contractual cash flows using interest rates currently offered for certificates with similar maturities.

Securities Sold under Agreements to Repurchase and Other Borrowings: The carrying amount of variable rate borrowings and securities sold under repurchase agreements approximates fair value. The fair value of fixed rate other borrowings is estimated based on discounted contractual cash flows using the current incremental borrowing rates for similar type borrowing arrangements.

Subordinated Deferrable Interest Debentures: The carrying amount of the Company’s variable rate trust preferred securities approximates fair value.

Off-Balance-Sheet Instruments: Because commitments to extend credit and standby letters of credit are typically made using variable rates and have short maturities, the carrying value and fair value are immaterial for disclosure.

Derivatives: The Company has entered into derivative financial instruments to manage interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivatives. This analysis reflects the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the derivatives are determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves derived from observable market interest rate curves).

The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting any applicable credit enhancements such as collateral postings, thresholds, mutual puts and guarantees.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself or the counterparties. However, as of March 31, 2014 and 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuation in its entirety is classified in Level 2 of the fair value hierarchy.

The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows:

			Fair Value Measurements at March 31, 2014 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	2,482,601	$	—	$	1,651,409	$	851,216	$	2,502,625
Financial liabilities:
Deposits		3,010,647		—		3,011,383		—		3,011,383
Other borrowings		59,677		—		59,677		—		59,677
			Fair Value Measurements at December 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	2,435,067	$	—	$	1,565,919	$	881,536	$	2,447,455
Financial liabilities:
Deposits		2,999,231		—		3,000,061		—		3,000,061
Other borrowings		194,572		—		194,572		—		194,572
			Fair Value Measurements at March 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	1,930,095	$	—	$	1,458,604	$	501,874	$	1,960,478
Financial liabilities:
Deposits		2,489,973		—		2,491,282		—		2,491,282

The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of March 31, 2014, December 31, 2013 and March 31, 2013 (dollars in thousands):

	Fair Value Measurements on a Recurring Basis As of March 31, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	14,145	$	—	$	14,145	$	—
State, county and municipal securities		111,574		—		111,574		—
Corporate debt securities		10,383		—		8,383		2,000
Mortgage-backed securities		320,611		—		320,611		—
Mortgage loans held for sale		51,693		—		51,693		—
Total recurring assets at fair value	$	508,406	$	—	$	506,406	$	2,000
Derivative financial instruments	$	675	$	—	$	675	$	—
Total recurring liabilities at fair value	$	675	$	—	$	675	$	—
	Fair Value Measurements on a Recurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	13,926	$	—	$	13,926	$	—
State, county and municipal securities		112,754		—		112,754		—
Collateralized debt obligations		1,480		1,480		—		—
Corporate debt securities		10,325		—		8,325		2,000
Mortgage-backed securities		347,750		182,461		165,289		—
Mortgage loans held for sale		67,278		—		67,278		—
Total recurring assets at fair value	$	553,513	$	183,941	$	367,572	$	2,000
Derivative financial instruments	$	370	$	—	$	370	$	—
Total recurring liabilities at fair value	$	370	$	—	$	370	$	—
	Fair Value Measurements on a Recurring Basis As of March 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	5,015	$	—	$	5,015	$	—
State, county and municipal securities		115,532		—		115,532		—
Corporate debt securities		10,297		—		8,297		2,000
Mortgage-backed securities		193,185		4,054		189,131		—
Mortgage loans held for sale		42,332		—		42,332		—
Total recurring assets at fair value	$	366,361	$	4,054	$	360,307	$	2,000
Derivative financial instruments	$	2,553	$	—	$	2,553	$	—
Total recurring liabilities at fair value	$	2,553	$	—	$	2,553	$	—

The following table is a presentation of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of March 31, 2014, December 31, 2013 and March 31, 2013 (dollars in thousands):

	Fair Value Measurements on a Nonrecurring Basis As of March 31, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	41,253	$	—	$	—	$	41,253
Other real estate owned		33,839		—		—		33,839
Purchased, non-covered loans		437,269		—		—		437,269
Purchased, non-covered other real estate owned		3,864		—		—		3,864
Covered loans		372,694		—		—		372,694
Covered other real estate owned		42,636		—		—		42,636
Total nonrecurring assets at fair value	$	931,555	$	—	$	—	$	931,555
	Fair Value Measurements on a Nonrecurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	42,546	$	—	$	—	$	42,546
Other real estate owned		33,351		—		—		33,351
Purchased, non-covered loans		448,753		—		—		448,753
Purchased, non-covered other real estate owned		4,276		—		—		4,276
Covered loans		390,237		—		—		390,237
Covered other real estate owned		45,893		—		—		45,893
Total nonrecurring assets at fair value	$	965,056	$	—	$	—	$	965,056
	Fair Value Measurements on a Nonrecurring Basis As of March 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	51,150	$	—	$	—	$	51,150
Other real estate owned		40,434		—		—		40,434
Covered loans		460,724		—		—		460,724
Covered other real estate owned		77,915		—		—		77,915
Total nonrecurring assets at fair value	$	630,223	$	—	$	—	$	630,223

The inputs used to determine estimated fair value of impaired loans and covered loans include market conditions, loan terms, underlying collateral characteristics and discount rates. The inputs used to determine fair value of other real estate owned and covered other real estate owned include market conditions, estimated marketing period or holding period, underlying collateral characteristics and discount rates.

For the three months ended March 31, 2014 and 2013, there was not a change in the methods and significant assumptions used to estimate fair value.

The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities.

Measurements	Fair Value at March 31, 2014		Valuation Technique	Unobservable Inputs	Range
	(Dollars in Thousands)
Nonrecurring:
Impaired loans	$	41,253	Third party appraisals and discounted cash flows	Collateral discounts and discount rates	4.00% - 60.00%
Other real estate owned	$	33,839	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 74.00%
Purchased, non-covered loans	$	437,269	Third party appraisals and discounted cash flows	Collateral discounts and discount rates	1.00% - 40.00%
Purchased non-covered other real estate owned	$	3,864	Third party appraisals	Collateral discounts and estimated costs to sell	15.00% - 57.00%
Covered loans	$	372,694	Third party appraisals and discounted cash flows	Collateral discounts and discount rate	1.75% - 75.00%
Covered real estate owned	$	42,636	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 87.00%
Recurring:
Investment securities available for sale	$	2,000	Discounted par values	Credit quality of underlying issuer	0.00%

The transfers between the fair value hierarchy levels during the three months ended March 31, 2014 and 2013 involved the transferring of loans to impaired loans, impaired loans to other real estate owned and covered loans to covered other real estate owned. These transfers are reflected in the Company’s reconciliation of Level 3 assets below.

	Investment securities available for sale		Impaired loans carried at fair value			Other real estate owned			Purchased, non-covered loans			Purchased, non-covered other real estate owned			Covered loans			Covered other real estate owned
									(Dollars in Thousands)
Beginning balance, January 1, 2014	$	2,000	$	42,546		$	33,351		$	448,753		$	4,276		$	390,237		$	45,893
Total gains (losses) included in net income		—		—			(750	)		—			(46	)		—			(219	)
Purchases, sales, issuances, and settlements, net		—		—			(1,316	)		(11,416	)		(529	)		(12,617	)		(7,964	)
Transfers in or out of Level 3		—		—			1,261			—			95			—			—
Asset reclassification, within Level 3		—		(1,293	)		1,293			(68	)		68			(4,926	)		4,926
Ending balance, March 31, 2014	$	2,000	$	41,253		$	33,839		$	437,269		$	3,864		$	372,694		$	42,636

	Investment Securities Available for Sale		Impaired Loans Carried at Fair Value			Other Real Estate Owned			Covered Loans			Covered Other Real Estate Owned
	(Dollars in Thousands)
Beginning balance, January 1, 2013	$	2,000	$	52,514		$	39,850		$	507,712		$	88,273
Total gains/(losses) included in net income		—		—			(15	)		—			(3,032	)
Purchases, sales, issuances, and settlements, net		—		—			(2,027	)		(31,449	)		(22,865	)
Transfers in to Level 3		—		1,262			—			—			—
Asset reclassification, within Level 3		—		(2,626	)		2,626			(15,539	)		15,539
Ending balance March 31, 2013	$	2,000	$	51,150		$	40,434		$	460,724		$	77,915

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Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Statement Of Financial Position [Abstract]
Preferred stock, stated value	$ 1,000	$ 1,000	$ 1,000
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, shares issued	0	28,000	28,000
Preferred stock, shares outstanding	0	28,000	28,000
Common stock, par value	$ 1	$ 1	$ 1
Common stock, shares authorized	100,000,000	100,000,000	100,000,000
Common stock, shares issued	26,535,571	26,461,769	25,238,635
Treasury stock, shares	1,376,498	1,363,342	1,362,955

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Segment Reporting

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Reporting

NOTE 11 – SEGMENT REPORTING

The following tables present selected financial information with respect to the Company’s reportable business segments for the three- month periods ended March 31, 2014 and 2013.

	Three Months Ended March 31, 2014						Three Months Ended March 31, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	33,384	$	1,100	$	34,484	$	27,766	$	572	$	28,338
Provision for loan losses		1,726		—		1,726		2,923		—		2,923
Noninterest income		7,590		5,164		12,754		6,896		4,464		11,360
Noninterest expense:
Salaries and employee benefits		13,826		3,568		17,394		11,037		2,769		13,806
Equipment and occupancy expenses		3,762		302		4,064		2,765		166		2,931
Data processing and telecommunications expenses		3,332		122		3,454		2,471		99		2,570
Other expenses		7,512		815		8,327		8,890		687		9,577
Total noninterest expense		28,432		4,807		33,239		25,163		3,721		28,884
Income before income tax expense		10,816		1,457		12,273		6,576		1,315		7,891
Income tax expense		3,413		510		3,923		2,146		460		2,606
Net income		7,403		947		8,350		4,430		855		5,285
Less preferred stock dividends		286		—		286		441		—		441
Net income available to common shareholders	$	7,117	$	947	$	8,064	$	3,989	$	855	$	4,844
Total assets	$	3,359,912	$	128,072	$	3,487,984	$	2,784,883	$	76,768	$	2,861,651
Stockholders’ equity		296,978		3,052		300,030		282,851		871		283,722

XML

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Entity Registrant Name	Ameris Bancorp
Entity Central Index Key	0000351569
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		25,158,183

XML

Basis of Presentation and Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Newly Adopted Accounting Pronouncements

Newly Adopted Accounting Pronouncements

ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors (“ASU 2014-04”). ASU 2014-04 clarifies when a creditor should reclassify mortgage loans collateralized by residential real estate from loans to other real estate owned. It defines when an in-substance repossession or foreclosure has occurred and when a creditor is considered to have received physical possession of residential real estate collateralizing a mortgage loan. ASU 2014-04 is effective for fiscal years beginning after December 31, 2014, and early adoption is permitted. It can be applied either prospectively or using a modified retrospective transition method. The Company is evaluating the impact this standard may have on the Company’s results of operations, financial position or disclosures.

ASU 2013-11 – Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, if a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of these revisions did not have a material impact on the Company’s results of operations, financial position or disclosures.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair value is based on discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The accounting standard for disclosures about the fair value of financial instruments excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

The fair value hierarchy describes three levels of inputs that may be used to measure fair value:

Level 1—Quoted prices in active markets for identical assets or liabilities.

Level 2—Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments and other accounts recorded based on their fair value:

Cash, Due from Banks, Interest-Bearing Deposits in Banks and Federal Funds Sold

Cash, Due From Banks, Interest-Bearing Deposits in Banks and Federal Funds Sold: The carrying amount of cash, due from banks and interest-bearing deposits in banks and federal funds sold approximates fair value.

Investment Securities Available for Sale

Investment Securities Available for Sale: The fair value of securities available for sale is determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Level 2 securities include mortgage-backed securities issued by government sponsored enterprises and municipal bonds. The Level 2 fair value pricing is provided by an independent third-party and is based upon similar securities in an active market. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include certain residual municipal securities and other less liquid securities.

Other Investments

Other Investments: Federal Home Loan Bank (“FHLB”) stock is included in other investment securities at its original cost basis, as cost approximates fair value and there is no ready market for such investments.

Mortgage Loans Held-for-Sale

Mortgage Loans Held for Sale: The fair value of mortgage loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and are classified within Level 2 of the valuation hierarchy.

Loans

Loans: The carrying amount of variable-rate loans that reprice frequently and have no significant change in credit risk approximates fair value. The fair value of fixed-rate loans is estimated based on discounted contractual cash flows, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The fair value of impaired loans is estimated based on discounted contractual cash flows or underlying collateral values, where applicable. A loan is determined to be impaired if the Company believes it is probable that all principal and interest amounts due according to the terms of the note will not be collected as scheduled. The fair value of impaired loans is determined in accordance with ASC 310-10, Accounting by Creditors for Impairment of a Loan, and generally results in a specific reserve established through a charge to the provision for loan losses. Losses on impaired loans are charged to the allowance when management believes the uncollectability of a loan is confirmed. Management has determined that the majority of impaired loans are Level 3 assets due to the extensive use of market appraisals. To the extent that market appraisals or other methods do not produce reliable determinations of fair value, these assets are deemed to be Level 3.

Other Real Estate Owned

Other Real Estate Owned: The fair value of other real estate owned (“OREO”) is determined using certified appraisals that value the property at its highest and best uses by applying traditional valuation methods common to the industry. The Company does not hold any OREO for profit purposes and all other real estate is actively marketed for sale. In most cases, management has determined that additional write-downs are required beyond what is calculable from the appraisal to carry the property at levels that would attract buyers. Because this additional write-down is not based on observable inputs, management has determined that other real estate owned should be classified as Level 3.

Covered Assets

Covered Assets: Covered assets include loans and other real estate owned on which the majority of losses would be covered by loss-sharing agreements with the Federal Deposit Insurance Corporation (the “FDIC”). Management initially valued these assets at fair value using mostly unobservable inputs and, as such, has classified these assets as Level 3.

Intangible Assets and Goodwill

Intangible Assets and Goodwill: Intangible assets consist of core deposit premiums acquired in connection with business combinations and are based on the established value of acquired customer deposits. The core deposit premium is initially recognized based on a valuation performed as of the consummation date and is amortized over an estimated useful life of three to ten years. Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. Goodwill and other intangible assets deemed to have an indefinite useful life are not amortized but instead are subject to an annual review for impairment.

FDIC Loss-Share Receivable

FDIC Loss-Share Receivable: Because the FDIC will reimburse the Company for certain acquired loans should the Company experience a loss, an indemnification asset is recorded at fair value at the acquisition date. The indemnification asset is recognized at the same time as the indemnified loans, and measured on the same basis, subject to collectability or contractual limitations. The shared-loss agreements on the acquisition date reflect the reimbursements expected to be received from the FDIC, using an appropriate discount rate, which reflects counterparty credit risk and other uncertainties. The shared-loss agreements continue to be measured on the same basis as the related indemnified loans, and the loss-share receivable is impacted by changes in estimated cash flows associated with these loans.

Deposits

Deposits: The carrying amount of demand deposits, savings deposits and variable-rate certificates of deposit approximates fair value. The fair value of fixed-rate certificates of deposit is estimated based on discounted contractual cash flows using interest rates currently offered for certificates with similar maturities.

Securities Sold under Agreements to Repurchase and Other Borrowings

Securities Sold under Agreements to Repurchase and Other Borrowings: The carrying amount of variable rate borrowings and securities sold under repurchase agreements approximates fair value. The fair value of fixed rate other borrowings is estimated based on discounted contractual cash flows using the current incremental borrowing rates for similar type borrowing arrangements.

Subordinated Deferrable Interest Debentures

Subordinated Deferrable Interest Debentures: The carrying amount of the Company’s variable rate trust preferred securities approximates fair value.

Off-Balance-Sheet Instruments

Off-Balance-Sheet Instruments: Because commitments to extend credit and standby letters of credit are typically made using variable rates and have short maturities, the carrying value and fair value are immaterial for disclosure.

Derivatives

Derivatives: The Company has entered into derivative financial instruments to manage interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivatives. This analysis reflects the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the derivatives are determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves derived from observable market interest rate curves).

The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting any applicable credit enhancements such as collateral postings, thresholds, mutual puts and guarantees.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself or the counterparties. However, as of March 31, 2014 and 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuation in its entirety is classified in Level 2 of the fair value hierarchy.

Deteriorated Loans Transferred Policy

FASB ASC 310 – 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310”), applies to a loan with evidence of deterioration of credit quality since origination, acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. ASC 310 prohibits carrying over or creating an allowance for loan losses upon initial recognition for loans which fall under the scope of this statement. At the acquisition dates, a majority of these loans were valued based on the liquidation value of the underlying collateral because the future cash flows are primarily based on the liquidation of underlying collateral. There was no allowance for credit losses established related to these ASC 310 loans at the acquisition dates, based on the provisions of this statement. Over the life of the acquired loans, the Company continues to estimate cash flows expected to be collected. If the expected cash flows expected to be collected increases, then the Company adjusts the amount of accretable discount recognized on a prospective basis over the loan’s remaining life. If the expected cash flows expected to be collected decreases, then the Company records a provision for loan loss in its Consolidated Statement of Operations.

XML

Weighted Average Shares Outstanding - Summary of Weighted Average Number of Shares (Detail) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]
Basic shares outstanding	25,144	23,868
Plus: Dilutive effect of ISOs	95	63
Plus: Dilutive effect of Restricted Grants	334	315
Diluted shares outstanding	25,573	24,246

XML

Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Interest income
Interest and fees on loans	$ 34,469	$ 28,716
Interest on taxable securities	2,985	1,697
Interest on nontaxable securities	335	375
Interest on deposits in other banks	79	85
Interest on federal funds sold	5
Total interest income	37,873	30,873
Interest expense
Interest on deposits	2,183	2,226
Interest on other borrowings	1,206	309
Total interest expense	3,389	2,535
Net interest income	34,484	28,338
Provision for loan losses	1,726	2,923
Net interest income after provision for loan losses	32,758	25,415
Noninterest income
Service charges on deposit accounts	5,586	4,837
Mortgage origination fees	5,068	4,464
Other service charges, commissions and fees	652	329
Gain on sale of securities	6	172
Other	1,442	1,558
Total noninterest income	12,754	11,360
Noninterest expense
Salaries and employee benefits	17,394	13,806
Occupancy and equipment expense	4,064	2,931
Advertising and marketing expense	710	255
Amortization of intangible assets	533	364
Data processing and communications costs	3,454	2,570
Other operating expenses	7,084	8,958
Total noninterest expense	33,239	28,884
Income before income tax expense	12,273	7,891
Applicable income tax expense	3,923	2,606
Net income	8,350	5,285
Preferred stock dividends	286	441
Net income available to common stockholders	8,064	4,844
Other comprehensive income (loss)
Unrealized holding gains (losses) arising during period on investment securities available for sale, net of tax	2,938	(429)
Reclassification adjustment for gains included in net income, net of tax	(4)	(112)
Unrealized gain (loss) on cash flow hedges arising during period , net of tax	(266)	209
Other comprehensive income (loss)	2,668	(332)
Comprehensive income	$ 11,018	$ 4,953
Basic and diluted earnings per share	$ 0.32	$ 0.20
Weighted average common shares outstanding
Basic	25,144	23,868
Diluted	25,573	24,246

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Assets Acquired in FDIC-Assisted Acquisitions

3 Months Ended

Mar. 31, 2014

Banking And Thrift [Abstract]

Assets Acquired in FDIC-Assisted Acquisitions

NOTE 6 – ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS

From October 2009 through July 2012, the Company participated in ten FDIC-assisted acquisitions whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include the following:

Bank Acquired	Location	Branches	Date Acquired
American United Bank (“AUB”)	Lawrenceville, Ga.	1	October 23, 2009
United Security Bank (“USB”)	Sparta, Ga.	2	November 6, 2009
Satilla Community Bank (“SCB”)	St. Marys, Ga.	1	May 14, 2010
First Bank of Jacksonville (“FBJ”)	Jacksonville, Fl.	2	October 22, 2010
Tifton Banking Company (“TBC”)	Tifton, Ga.	1	November 12, 2010
Darby Bank & Trust (“DBT”)	Vidalia, Ga.	7	November 12, 2010
High Trust Bank (“HTB”)	Stockbridge, Ga.	2	July 15, 2011
One Georgia Bank (“OGB”)	Midtown Atlanta, Ga.	1	July 15, 2011
Central Bank of Georgia (“CBG”)	Ellaville, Ga.	5	February 24, 2012
Montgomery Bank & Trust (“MBT”)	Ailey, Ga.	2	July 6, 2012

The determination of the initial fair values of loans at the acquisition date and the initial fair values of the related FDIC indemnification assets involves a high degree of judgment and complexity. The carrying values of the acquired loans and the FDIC indemnification assets reflect management’s best estimate of the fair value of each of these assets as of the date of acquisition. However, the amount that the Company realizes on these assets could differ materially from the carrying values reflected in the financial statements included in this report, based upon the timing and amount of collections on the acquired loans in future periods. Because of the loss-sharing agreements with the FDIC on these assets, the Company does not expect to incur any significant losses. To the extent the actual values realized for the acquired loans are different from the estimates, the indemnification assets will generally be affected in an offsetting manner due to the loss-sharing support from the FDIC.

FASB ASC 310 – 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310”), applies to a loan with evidence of deterioration of credit quality since origination, acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. ASC 310 prohibits carrying over or creating an allowance for loan losses upon initial recognition for loans which fall under the scope of this statement. At the acquisition dates, a majority of these loans were valued based on the liquidation value of the underlying collateral because the future cash flows are primarily based on the liquidation of underlying collateral. There was no allowance for credit losses established related to these ASC 310 loans at the acquisition dates, based on the provisions of this statement. Over the life of the acquired loans, the Company continues to estimate cash flows expected to be collected. If the expected cash flows expected to be collected increases, then the Company adjusts the amount of accretable discount recognized on a prospective basis over the loan’s remaining life. If the expected cash flows expected to be collected decreases, then the Company records a provision for loan loss in its Consolidated Statement of Operations.

The following table summarizes components of all covered assets at March 31, 2014, December 31, 2013 and March 31, 2013 and their origin:

	Covered loans		Less: Credit risk adjustments		Less: Liquidity and rate adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
As of March 31, 2014:	(Dollars in thousands)
AUB	$	13,629	$	220	$	—	$	13,409	$	4,264	$	—	$	4,264	$	17,673	$	1,190
USB		15,668		935		—		14,733		3,366		135		3,231		17,964		535
SCB		33,896		1,274		—		32,622		3,122		303		2,819		35,441		2,781
FBJ		24,281		2,768		—		21,513		1,850		253		1,597		23,110		3,034
DBT		100,909		13,138		—		87,771		12,250		1,092		11,158		98,929		14,947
TBC		31,576		2,119		—		29,457		4,681		761		3,920		33,377		3,425
HTB		61,560		6,596		34		54,930		7,263		2,349		4,914		59,844		8,540
OGB		55,569		4,564		89		50,916		8,169		2,984		5,185		56,101		6,815
CBG		77,767		10,364		60		67,343		7,127		1,579		5,548		72,891		11,914
Total	$	414,855	$	41,978	$	183	$	372,694	$	52,092	$	9,456	$	42,636	$	415,330	$	53,181
	Covered loans		Less: Credit risk adjustments		Less: Liquidity and rate adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
As of December 31, 2013:	(Dollars in thousands)
AUB	$	15,787	$	231	$	—	$	15,556	$	4,264	$	—	$	4,264	$	19,820	$	1,452
USB		18,504		1,427		—		17,077		2,865		141		2,724		19,801		889
SCB		34,637		1,483		—		33,154		3,461		303		3,158		36,312		3,175
FBJ		25,891		3,730		—		22,161		1,880		242		1,638		23,799		3,689
DBT		105,157		17,819		—		87,338		17,023		1,282		15,741		103,079		18,724
TBC		32,590		2,340		14		30,236		4,844		745		4,099		34,335		3,721
HTB		67,126		7,321		38		59,767		6,374		2,304		4,070		63,837		9,325
OGB		58,512		4,969		98		53,445		7,506		2,984		4,522		57,967		9,645
CBG		85,118		13,535		80		71,503		7,610		1,933		5,677		77,180		14,821
Total	$	443,322	$	52,855	$	230	$	390,237	$	55,827	$	9,934	$	45,893	$	436,130	$	65,441

	Covered loans		Less: Credit risk adjustments		Less: Liquidity and rate adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
As of March 31, 2013:	(Dollars in thousands)
AUB	$	25,001	$	2,508	$	—	$	22,493	$	8,079	$	100	$	7,979	$	30,472	$	4,176
USB		25,921		3,879		—		22,042		5,379		139		5,240		27,282		9,932
SCB		40,008		3,189		—		36,819		6,670		299		6,371		43,190		8,189
FBJ		31,479		5,662		11		25,806		1,450		93		1,357		27,163		6,840
DBT		146,178		35,461		83		110,634		25,990		1,895		24,095		134,729		37,333
TBC		42,302		4,450		133		37,719		10,478		1,814		8,664		46,383		8,050
HTB		82,202		14,068		49		68,085		14,823		3,445		11,378		79,463		21,423
OGB		73,279		14,877		127		58,275		10,384		4,144		6,240		64,515		18,687
CBG		109,596		30,605		140		78,851		8,424		1,833		6,591		85,442		46,349
Total	$	575,966	$	114,699	$	543	$	460,724	$	91,677	$	13,762	$	77,915	$	538,639	$	160,979

On the dates of acquisition, the Company estimated the future cash flows on each individual loan and made the necessary adjustments to reflect the asset at fair value. At each quarter end subsequent to the acquisition dates, the Company revises the estimates of future cash flows based on current information and makes the necessary adjustments to continue reflecting the assets at fair value. The adjustments to fair value are performed on a loan-by-loan basis and have resulted in the following:

Total Amounts	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount)	$	5,622	$	51,003	$	4,052
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		1,125		7,695		1,600

Amounts reflected in the Company’s Statement of Earnings	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount)	$	1,124	$	10,201	$	810
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		225		1,539		320

A rollforward of acquired loans with deterioration of credit quality for the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013 is shown below:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	217,047		$	282,737		$	282,737
Change in estimate of cash flows, net of charge-offs or recoveries		4,659			35,306			(5,391	)
Additions due to acquisitions		—			—			—
Other (loan payments, transfers, etc.)		(16,505	)		(100,996	)		(22,279	)
Ending balance	$	205,201		$	217,047		$	255,067

A rollforward of acquired loans without deterioration of credit quality for the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013 is shown below:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	173,190		$	228,602		$	228,602
Change in estimate of cash flows, net of charge-offs or recoveries		2,571			13,471			(2,625	)
Additions due to acquisitions		—			—			—
Other (loan payments, transfers, etc.)		(8,268	)		(68,883	)		(20,229	)
Ending balance	$	167,493		$	173,190		$	205,748

The following is a summary of changes in the accretable discounts of acquired loans during the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	25,493		$	16,698		$	16,698
Additions due to acquisitions		—			—			—
Accretion		(15,024	)		(42,208	)		(7,218	)
Other activity, net		5,622			51,003			4,052
Ending balance	$	16,091		$	25,493		$	13,532

The shared-loss agreements are subject to the servicing procedures as specified in the agreement with the FDIC. The expected reimbursements under the shared-loss agreements were recorded as an indemnification asset at their estimated fair values on the acquisition dates. Changes in the FDIC shared-loss receivable for the three months ended March 31, 2014, for the year ended December 31, 2013 and for the three months ended March 31, 2013 are as follows:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	65,441		$	159,724		$	159,724
Indemnification asset recorded in acquisitions		—			—			—
Payments received from FDIC		(6,773	)		(68,822	)		(6,324	)
Effect of change in expected cash flows on covered assets		(5,487	)		(25,461	)		7,579
Ending balance	$	53,181		$	65,441		$	160,979

XML

Loans

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Loans

NOTE 5 – LOANS

The Company engages in a full complement of lending activities, including real estate-related loans, agriculture-related loans, commercial and financial loans and consumer installment loans within select markets in Georgia, Alabama, Florida and South Carolina. Ameris concentrates the majority of its lending activities in real estate loans. While the risk of loss in the Company’s portfolio is primarily tied to the credit quality of the various borrowers, risk of loss may increase due to factors beyond the Company’s control, such as local, regional and/or national economic downturns. General conditions in the real estate market may also impact the relative risk in the real estate portfolio.

Commercial, financial and agricultural loans include both secured and unsecured loans for working capital, expansion, crop production and other business purposes. Short-term working capital loans are secured by non-real estate collateral such as accounts receivable, crops, inventory and equipment. The Company evaluates the financial strength, cash flow, management, credit history of the borrower and the quality of the collateral securing the loan. The Bank often requires personal guarantees and secondary sources of repayment on commercial, financial and agricultural loans.

Real estate loans include construction and development loans, commercial and farmland loans and residential loans. Construction and development loans include loans for the development of residential neighborhoods, one-to-four family residential construction loans to builders and consumers, and commercial real estate construction loans, primarily for owner-occupied properties. The Company limits its construction lending risk through adherence to established underwriting procedures. Commercial real estate loans include loans secured by owner-occupied commercial buildings for office, storage, retail, farmland and warehouse space. They also include non-owner occupied commercial buildings such as leased retail and office space. Commercial real estate loans may be larger in size and may involve a greater degree of risk than one-to-four family residential mortgage loans. Payments on such loans are often dependent on successful operation or management of the properties. The Company’s residential loans represent permanent mortgage financing and are secured by residential properties located within the Bank’s market areas.

Consumer installment loans and other loans include automobile loans, boat and recreational vehicle financing, and both secured and unsecured personal loans. Consumer loans carry greater risks than other loans, as the collateral can consist of rapidly depreciating assets such as automobiles and equipment that may not provide an adequate source of repayment of the loan in the case of default.

Loans are stated at unpaid balances, net of unearned income and deferred loan fees. Balances within the major loan categories are presented in the following table:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	270,571	$	244,373	$	180,888
Real estate – construction and development		149,543		146,371		130,161
Real estate – commercial and farmland		836,230		808,323		766,227
Real estate – residential		393,001		366,882		367,056
Consumer installment		32,345		34,249		37,335
Other		13,692		18,256		11,086
	$	1,695,382	$	1,618,454	$	1,492,753

Purchased non-covered loans are defined as loans that were acquired in bank acquisitions that are not covered by a loss-sharing agreement with the FDIC. Purchased non-covered loans totaling $437.3 million and $448.8 million at March 31, 2014 and December 31, 2013, respectively, are not included in the above schedule.

Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	30,810	$	32,141	$	—
Real estate – construction and development		31,820		31,176		—
Real estate – commercial and farmland		174,281		179,898		—
Real estate – residential		196,078		200,851		—
Consumer installment		4,280		4,687		—
	$	437,269	$	448,753	$	—

Covered loans are defined as loans that were acquired in FDIC-assisted transactions that are covered by a loss-sharing agreement with the FDIC. Covered loans totaling $372.7 million, $390.2 million and $460.7 million at March 31, 2014, December 31, 2013 and March 31, 2013, respectively, are not included in the above schedules.

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	24,813	$	26,550	$	28,568
Real estate – construction and development		41,434		43,179		57,114
Real estate – commercial and farmland		214,649		224,451		260,159
Real estate – residential		91,372		95,173		113,668
Consumer installment		426		884		1,215
	$	372,694	$	390,237	$	460,724

Nonaccrual and Past Due Loans

A loan is placed on nonaccrual status when, in management’s judgment, the collection of the interest income appears doubtful. Interest receivable that has been accrued and is subsequently determined to have doubtful collectability is charged against interest income. Interest payments on nonaccrual loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Past due loans are loans whose principal or interest is past due 90 days or more. In some cases, where borrowers are experiencing financial difficulties, loans may be restructured to provide terms significantly different from the original contractual terms.

The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	3,008	$	4,103	$	3,756
Real estate – construction and development		4,080		3,971		9,390
Real estate – commercial and farmland		8,550		8,566		9,798
Real estate – residential		10,631		12,152		13,840
Consumer installment		460		411		692
	$	26,729	$	29,203	$	37,476

The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	117	$	11	$	—
Real estate – construction and development		1,131		325		—
Real estate – commercial and farmland		6,829		1,653		—
Real estate – residential		7,208		4,658		—
Consumer installment		33		12		—
	$	15,318	$	6,659	$	—

The following table presents an analysis of covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commercial, financial and agricultural	$	10,025	$	7,257	$	8,718
Real estate – construction and development		14,780		14,781		18,956
Real estate – commercial and farmland		24,285		33,495		47,580
Real estate – residential		10,558		13,278		23,018
Consumer installment		133		341		243
	$	59,781	$	69,152	$	98,515

The following table presents an analysis of loans, excluding purchased non-covered and covered past due loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	1,083	$	386	$	2,956	$	4,425	$	266,146	$	270,571	$	—
Real estate – construction & development		1,304		249		3,919		5,472		144,071		149,543		—
Real estate – commercial & farmland		2,255		1,650		7,622		11,527		824,703		836,230		—
Real estate – residential		3,657		1,541		10,298		15,496		377,505		393,001		—
Consumer installment loans		474		68		345		887		31,458		32,345		—
Other		—		—		—		—		13,692		13,692		—
Total	$	8,773	$	3,894	$	25,140	$	37,807	$	1,657,575	$	1,695,382	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2013:
Commercial, financial & agricultural	$	10,893	$	272	$	4,081	$	15,246	$	229,127	$	244,373	$	—
Real estate – construction & development		1,026		69		3,935		5,030		141,341		146,371		—
Real estate – commercial & farmland		3,981		1,388		7,751		13,120		795,203		808,323		—
Real estate – residential		5,422		1,735		11,587		18,744		348,138		366,882		—
Consumer installment loans		568		197		305		1,070		33,179		34,249		—
Other		—		—		—		—		18,256		18,256		—
Total	$	21,890	$	3,661	$	27,659	$	53,210	$	1,565,244	$	1,618,454	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	1,797	$	149	$	3,729	$	5,675	$	175,213	$	180,888	$	—
Real estate – construction & development		1,538		1,538		8,312		11,388		118,773		130,161		—
Real estate – commercial & farmland		11,115		3,220		9,352		23,687		742,540		766,227		—
Real estate – residential		7,686		1,719		11,699		21,104		345,952		367,056		—
Consumer installment loans		745		169		563		1,477		35,858		37,335		—
Other		—		—		—		—		11,086		11,086		—
Total	$	22,881	$	6,795	$	33,655	$	63,331	$	1,429,422	$	1,492,753	$	—

The following table presents an analysis of purchased non-covered past due loans as of March 31, 2014 and December 31, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	291	$	—	$	117	$	408	$	30,402	$	30,810	$	—
Real estate – construction & development		680		661		867		2,208		29,612		31,820		—
Real estate – commercial & farmland		3,956		5,126		2,550		11,632		162,649		174,281		—
Real estate – residential		5,187		1,816		6,503		13,506		182,572		196,078		—
Consumer installment loans		12		11		30		53		4,227		4,280		—
Total	$	10,126	$	7,614	$	10,067	$	27,807	$	409,462	$	437,269	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2013:
Commercial, financial & agricultural	$	370	$	70	$	11	$	451	$	31,690	$	32,141	$	—
Real estate – construction & development		1,008		89		325		1,422		29,754		31,176		—
Real estate – commercial & farmland		6,851		2,064		1,516		10,431		169,467		179,898		—
Real estate – residential		4,667		1,074		3,428		9,169		191,682		200,851		—
Consumer installment loans		7		17		9		33		4,654		4,687		—
Total	$	12,903	$	3,314	$	5,289	$	21,506	$	427,247	$	448,753	$	—

The following table presents an analysis of covered past due loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	688	$	55	$	8,976	$	9,719	$	15,094	$	24,813	$	—
Real estate – construction & development		4,248		302		14,472		19,022		22,412		41,434		—
Real estate – commercial & farmland		15,732		3,722		17,680		37,134		177,515		214,649		—
Real estate – residential		3,579		1,585		9,752		14,916		76,456		91,372		1,396
Consumer installment loans		2		50		103		155		271		426		—
Total	$	24,249	$	5,714	$	50,983	$	80,946	$	291,748	$	372,694	$	1,396
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 30, 2013:
Commercial, financial & agricultural	$	3,966	$	12	$	6,165	$	10,143	$	16,407	$	26,550	$	—
Real estate – construction & development		843		144		14,055		15,042		28,137		43,179		—
Real estate – commercial & farmland		8,482		4,350		26,428		39,260		185,191		224,451		346
Real estate – residential		7,648		1,914		10,244		19,806		75,367		95,173		—
Consumer installment loans		51		14		305		370		514		884		—
Total	$	20,990	$	6,434	$	57,197	$	84,621	$	305,616	$	390,237	$	346
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	756	$	314	$	7,270	$	8,340	$	20,228	$	28,568	$	98
Real estate – construction & development		3,971		876		17,415		22,262		34,852		57,114		—
Real estate – commercial & farmland		10,227		2,837		42,464		55,528		204,631		260,159		—
Real estate – residential		5,608		345		18,895		24,848		88,820		113,668		48
Consumer installment loans		41		11		205		257		958		1,215		—
Total	$	20,603	$	4,383	$	86,249	$	111,235	$	349,489	$	460,724	$	146

Impaired Loans

Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreements. When determining if the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement, the Company considers the borrower’s capacity to pay, which includes such factors as the borrower’s current financial statements, an analysis of global cash flow sufficient to pay all debt obligations and an evaluation of secondary sources of repayment, such as guarantor support and collateral value. Impaired loans include loans on nonaccrual status and troubled debt restructurings. The Company individually assesses for impairment all nonaccrual loans greater than $200,000 and rated substandard or worse and all troubled debt restructurings greater than $100,000. If a loan is deemed impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis.

The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans:

	As of and For the Period Ended
	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	26,729	$	29,203	$	37,476
Troubled debt restructurings not included above		18,848		17,214		18,513
Total impaired loans	$	45,577	$	46,417	$	55,989
Impaired loans not requiring a related allowance	$	—	$	—	$	—
Impaired loans requiring a related allowance	$	45,577	$	46,417	$	55,989
Allowance related to impaired loans	$	4,324	$	3,871	$	4,839
Average investment in impaired loans	$	45,997	$	51,721	$	56,808
Interest income recognized on impaired loans	$	20	$	522	$	78
Foregone interest income on impaired loans	$	246	$	418	$	54

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	5,421	$	—	$	3,719	$	3,719	$	394	$	4,169
Real estate – construction & development		10,636		—		6,033		6,033		736		5,950
Real estate – commercial & farmland		19,983		—		17,282		17,282		1,972		16,380
Real estate – residential		21,307		—		17,996		17,996		1,211		18,983
Consumer installment loans		688		—		547		547		11		515
Total	$	58,035	$	—	$	45,577	$	45,577	$	4,324	$	45,997

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	6,240	$	—	$	4,618	$	4,618	$	435	$	4,844
Real estate – construction & development		11,363		—		5,867		5,867		512		8,341
Real estate – commercial & farmland		18,456		—		15,479		15,479		1,443		17,559
Real estate – residential		24,342		—		19,970		19,970		1,472		20,335
Consumer installment loans		623		—		483		483		9		642
Total	$	61,024	$	—	$	46,417	$	46,417	$	3,871	$	51,721
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	7,818	$	—	$	4,555	$	4,555	$	740	$	4,747
Real estate – construction & development		20,633		—		11,273		11,273		922		11,144
Real estate – commercial & farmland		22,996		—		18,676		18,676		1,816		19,793
Real estate – residential		24,777		—		20,792		20,792		1,344		20,320
Consumer installment loans		920		—		693		693		17		804
Total	$	77,144	$	—	$	55,989	$	55,989	$	4,839	$	56,808

The following is a summary of information pertaining to purchased non-covered impaired loans:

	As of and For the Period Ended
	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	15,318	$	6,659	$	—
Troubled debt restructurings not included above		5,191		5,938		—
Total impaired loans	$	20,509	$	12,597	$	—
Impaired loans not requiring a related allowance	$	20,509	$	12,597	$	—
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	16,553	$	242	$	—
Interest income recognized on impaired loans	$	—	$	—	$	—
Foregone interest income on impaired loans	$	563	$	—	$	—

The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of March 31, 2014 and December 31, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	233	$	117	$	—	$	117	$	—	$	64
Real estate – construction & development		6,173		3,574		—		3,574		—		3,631
Real estate – commercial & farmland		12,966		7,790		—		7,790		—		5,336
Real estate – residential		15,524		8,987		—		8,987		—		7,483
Consumer installment loans		240		41		—		41		—		39
Total	$	35,136	$	20,509	$	—	$	20,509	$	—	$	16,553
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	19	$	11	$	—	$	11	$	—	$	—
Real estate – construction & development		5,719		3,690		—		3,690		—		71
Real estate – commercial & farmland		4,563		2,881		—		2,881		—		55
Real estate – residential		9,612		5,978		—		5,978		—		115
Consumer installment loans		57		37		—		37		—		1
Total	$	19,970	$	12,597	$	—	$	12,597	$	—	$	242

The following is a summary of information pertaining to covered impaired loans:

	As of and For the Period Ended
	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	59,781	$	69,152	$	98,515
Troubled debt restructurings not included above		22,775		22,243		21,592
Total impaired loans	$	82,556	$	91,395	$	120,107
Impaired loans not requiring a related allowance	$	82,556	$	91,395	$	120,107
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	86,976	$	110,830	$	127,507
Interest income recognized on impaired loans	$	155	$	968	$	169
Foregone interest income on impaired loans	$	10	$	330	$	147

The following table presents an analysis of information pertaining to impaired covered loans as of March 31, 2014, December 31, 2013 and March 31, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2014:
Commercial, financial & agricultural	$	12,143	$	10,039	$	—	$	10,039	$	—	$	8,655
Real estate – construction & development		20,704		18,034		—		18,034		—		18,036
Real estate – commercial & farmland		36,664		31,746		—		31,746		—		36,247
Real estate – residential		25,230		22,604		—		22,604		—		23,801
Consumer installment loans		167		133		—		133		—		237
Total	$	94,908	$	82,556	$	—	$	82,556	$	—	$	86,976
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	9,680	$	7,270	$	—	$	7,270	$	—	$	8,696
Real estate – construction & development		20,915		18,037		—		18,037		—		21,794
Real estate – commercial & farmland		46,612		40,749		—		40,749		—		51,584
Real estate – residential		29,089		24,998		—		24,998		—		28,452
Consumer installment loans		394		341		—		341		—		304
Total	$	106,690	$	91,395	$	—	$	91,395	$	—	$	110,830
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of March 31, 2013:
Commercial, financial & agricultural	$	24,301	$	8,754	$	—	$	8,754	$	—	$	9,778
Real estate – construction & development		78,421		23,978		—		23,978		—		23,607
Real estate – commercial & farmland		139,197		55,822		—		55,822		—		60,026
Real estate – residential		54,422		31,310		—		31,310		—		33,823
Consumer installment loans		324		243		—		243		—		273
Total	$	296,665	$	120,107	$	—	$	120,107	$	—	$	127,507

Credit Quality Indicators

The Company uses a nine category risk grading system to assign a risk grade to each loan in the portfolio. The following is a description of the general characteristics of the grades:

Grade 10 – Prime Credit – This grade represents loans to the Company’s most creditworthy borrowers or loans that are secured by cash or cash equivalents.

Grade 15 – Good Credit – This grade includes loans that exhibit one or more characteristics better than that of a Satisfactory Credit. Generally, debt service coverage and borrower’s liquidity is materially better than required by the Company’s loan policy.

Grade 20 – Satisfactory Credit – This grade is assigned to loans to borrowers who exhibit satisfactory credit histories, contain acceptable loan structures and demonstrate ability to repay.

Grade 23 – Performing, Under-Collateralized Credit – This grade is assigned to loans that are currently performing and supported by adequate financial information that reflects repayment capacity but exhibits a loan-to-value ratio greater than 110%, based on a documented collateral valuation.

Grade 25 – Minimum Acceptable Credit – This grade includes loans which exhibit all the characteristics of a Satisfactory Credit, but warrant more than normal level of banker supervision due to: (i) circumstances which elevate the risks of performance (such as start-up operations, untested management, heavy leverage and interim losses); (ii) adverse, extraordinary events that have affected, or could affect, the borrower’s cash flow, financial condition, ability to continue operating profitability or refinancing (such as death of principal, fire and divorce); (iii) loans that require more than the normal servicing requirements (such as any type of construction financing, acquisition and development loans, accounts receivable or inventory loans and floor plan loans); (iv) existing technical exceptions which raise some doubts about the Bank’s perfection in its collateral position or the continued financial capacity of the borrower; or (v) improvements in formerly criticized borrowers, which may warrant banker supervision.

Grade 30 – Other Asset Especially Mentioned – This grade includes loans that exhibit potential weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date.

Grade 40 – Substandard – This grade represents loans which are inadequately protected by the current credit worthiness and paying capacity of the borrower or of the collateral pledged, if any. These assets exhibit a well-defined weakness or are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. These weaknesses may be characterized by past due performance, operating losses or questionable collateral values.

Grade 50 – Doubtful – This grade includes loans which exhibit all of the characteristics of a substandard loan with the added provision that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable or improbable.

Grade 60 – Loss – This grade is assigned to loans which are considered uncollectible and of such little value that their continuance as active assets of the Bank is not warranted. This classification does not mean that the loss has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing it off.

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	86,688	$	—	$	259	$	478	$	6,380	$	—	$	93,805
15		26,730		5,483		153,285		57,119		1,346		—		243,963
20		90,692		48,872		454,292		192,492		17,678		13,692		817,718
23		120		9,111		9,784		11,765		276		—		31,056
25		55,827		76,962		178,174		100,634		5,580		—		417,177
30		5,386		2,889		15,324		14,440		201		—		38,240
40		5,001		6,226		25,112		16,063		884		—		53,286
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	270,571	$	149,543	$	836,230	$	393,001	$	32,345	$	13,692	$	1,695,382

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	66,983	$	—	$	265	$	419	$	6,714	$	—	$	74,381
15		24,789		4,655		147,157		52,335		1,276		—		230,212
20		93,852		45,195		431,790		165,339		18,619		18,256		773,051
23		127		8,343		10,219		12,641		274		—		31,604
25		50,373		78,736		181,645		103,427		6,310		—		420,491
30		2,111		2,876		11,849		13,558		197		—		30,591
40		6,011		6,566		25,398		19,153		859		—		57,987
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	244,373	$	146,371	$	808,323	$	366,882	$	34,249	$	18,256	$	1,618,454

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of March 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	32,223	$	—	$	304	$	500	$	7,241	$	—	$	40,268
15		11,569		4,794		146,563		68,212		1,635		—		232,773
20		75,503		34,947		385,984		138,634		19,623		11,086		665,777
23		45		6,606		8,970		13,662		120		—		29,403
25		52,631		66,012		187,567		112,096		7,340		—		425,646
30		3,324		6,004		12,334		10,573		250		—		32,485
40		5,494		11,643		24,505		23,379		1,126		—		66,147
50		99		155		—		—		—		—		254
60		—		—		—		—		—		—		—
Total	$	180,888	$	130,161	$	766,227	$	367,056	$	37,335	$	11,086	$	1,492,753

The following table presents the purchased non-covered loan portfolio by risk grade as of March 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	1,932	$	—	$	—	$	287	$	328	$	—	$	2,547
15		4,408		52		12,422		14,231		679		—		31,792
20		4,596		3,907		43,132		33,553		1,218		—		86,406
23		—		—		—		—		—		—		—
25		19,213		22,780		102,918		134,653		1,965		—		281,529
30		235		697		3,387		2,660		20		—		6,999
40		426		4,384		12,422		10,694		70		—		27,996
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	30,810	$	31,820	$	174,281	$	196,078	$	4,280	$	—	$	437,269

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	1,865	$	—	$	—	$	289	$	451	$	—	$	2,605
15		4,606		7		12,998		16,160		703		—		34,474
20		5,172		3,960		43,802		34,576		1,383		—		88,893
23		—		—		—		—		—		—		—
25		19,638		20,733		102,260		129,923		1,888		—		274,442
30		576		1,760		9,554		10,878		194		—		22,962
40		284		4,716		11,284		9,025		68		—		25,377
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	32,141	$	31,176	$	179,898	$	200,851	$	4,687	$	—	$	448,753

The following table presents the covered loan portfolio by risk grade as of March 31, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		10		1,024		650		—		—		1,684
20		1,769		7,760		35,625		19,613		151		—		64,918
23		139		978		17,416		4,870		51		—		23,454
25		6,921		9,182		101,948		38,140		42		—		156,233
30		5,106		1,185		17,625		7,025		3		—		30,944
40		10,878		22,319		41,011		21,074		179		—		95,461
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	24,813	$	41,434	$	214,649	$	91,372	$	426	$	—	$	372,694

The following table presents the covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		16		1,048		638		—		—		1,702
20		2,184		8,549		34,674		21,363		193		—		66,963
23		134		1,085		17,037		4,748		51		—		23,055
25		7,508		9,611		101,657		38,427		235		—		157,438
30		5,125		2,006		21,297		6,979		17		—		35,424
40		11,599		21,912		48,738		23,018		388		—		105,655
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	26,550	$	43,179	$	224,451	$	95,173	$	884	$	—	$	390,237

The following table presents the covered loan portfolio by risk grade as of March 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		34		1,598		638		—		—		2,270
20		3,117		11,106		36,020		27,547		266		—		78,056
23		75		1,248		9,153		1,946		—		—		12,422
25		8,135		10,184		110,985		40,863		508		—		170,675
30		2,979		4,457		35,601		8,784		50		—		51,871
40		14,262		30,085		66,802		33,890		391		—		145,430
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	28,568	$	57,114	$	260,159	$	113,668	$	1,215	$	—	$	460,724

Troubled Debt Restructurings

The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. Concessions may include interest rate reductions to below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. The Company has exhibited the greatest success for rehabilitation of the loan by a reduction in the rate alone (maintaining the amortization of the debt) or a combination of a rate reduction and the forbearance of previously past due interest or principal. This has most typically been evidenced in certain commercial real estate loans whereby a disruption in the borrower’s cash flow resulted in an extended past due status, of which the borrower was unable to catch up completely as the cash flow of the property ultimately stabilized at a level lower than its original level. A reduction in rate, coupled with a forbearance of unpaid principal and/or interest, allowed the net cash flows to service the debt under the modified terms.

The Company’s policy requires a restructure request to be supported by a current, well-documented credit evaluation of the borrower’s financial condition and a collateral evaluation that is no older than six months from the date of the restructure. Key factors of that evaluation include the documentation of current, recurring cash flows, support provided by the guarantor(s) and the current valuation of the collateral. If the appraisal in the file is older than six months, an evaluation must be made as to the continued reasonableness of the valuation. For certain income-producing properties, current rent rolls and/or other income information can be utilized to support the appraisal valuation, when coupled with documented cap rates within our markets and a physical inspection of the collateral to validate the current condition.

The Company’s policy states that in the event a loan has been identified as a troubled debt restructuring, it should be assigned a grade of substandard and placed on nonaccrual status until such time the borrower has demonstrated the ability to service the loan payments based on the restructured terms – generally defined as six months of satisfactory payment history. Missed payments under the original loan terms are not considered under the new structure; however, subsequent missed payments are considered non-performance and are not considered toward the six month required term of satisfactory payment history. The Company’s loan policy states that a nonaccrual loan may be returned to accrual status when (i) none of its principal and interest is due and unpaid, and the Company expects repayment of the remaining contractual principal and interest or (ii) it otherwise becomes well secured and in the process of collection. Restoration to accrual status on any given loan must be supported by a well-documented credit evaluation of the borrower’s financial condition and the prospects for full repayment, approved by the Company’s Senior Credit Officer.

In the normal course of business, the Company renews loans with a modification of the interest rate or terms that are not deemed as troubled debt restructurings because the borrower is not experiencing financial difficulty. The Company modified loans in the first three months of 2014 and 2013 totaling $6.3 million and $27.4 million, respectively, under such parameters. In addition, the Company offers consumer loan customers an annual skip-a-pay program that is based on certain qualifying parameters and not based on financial difficulties. The Company does not treat these as troubled debt restructurings.

As of March 31, 2014, December 31, 2013 and March 31, 2013, the Company had a balance of $21.2 million, $20.9 million and $23.3 million, respectively, in troubled debt restructurings, excluding purchased non-covered and covered loans. The Company has recorded $2.3 million, $2.1 million and $2.6 million in previous charge-offs on such loans at March 31, 2014, December 31, 2013 and March 31, 2013, respectively. The Company’s balance in the allowance for loan losses allocated to such troubled debt restructurings was $422,000, $432,000 and $591,000 at March 31, 2014, December 31, 2013 and March 31, 2013, respectively. At March 31, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	711		2	$	40
Real estate – construction & development		11		1,953		1		29
Real estate – commercial & farmland		19		8,733		5		1,316
Real estate – residential		35		7,364		8		961
Consumer installment		11		87		2		19
Total		80	$	18,848		18	$	2,365
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		17		6,913		4		2,273
Real estate – residential		37		7,818		8		834
Consumer installment		6		72		3		19
Total		72	$	17,214		20	$	3,683
As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	799		—	$	—
Real estate – construction & development		5		1,883		1		43
Real estate – commercial & farmland		16		8,878		3		3,595
Real estate – residential		26		6,953		3		1,111
Consumer installment		—		—		1		6
Total		52	$	18,513		8	$	4,755

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	268		2	$	482
Real estate – construction & development		10		1,916		2		66
Real estate – commercial & farmland		19		8,733		5		1,316
Real estate – residential		30		6,365		13		1,961
Consumer installment		11		80		2		26
Total		74	$	17,362		24	$	3,851
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		16		6,396		5		2,789
Real estate – residential		32		6,699		13		1,953
Consumer installment		7		90		2		2
Total		67	$	15,596		25	$	5,301
As of March 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	799		—	$	—
Real estate – construction & development		5		1,883		1		43
Real estate – commercial & farmland		16		8,878		3		3,595
Real estate – residential		26		6,953		3		1,111
Consumer installment		—		—		1		6
Total		52	$	18,513		8	$	4,755

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by types of concessions made, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		8	$	1,933		4	$	300
Forgiveness of Principal		4		1,957		1		516
Payment Modification Only		—		—		1		149
Rate Reduction Only		13		6,782		4		1,134
Rate Reduction, Forbearance of Interest		38		5,489		6		230
Rate Reduction, Forbearance of Principal		17		2,687		1		7
Rate Reduction, Payment Modification		—		—		1		29
Total		80	$	18,848		18	$	2,365
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		10	$	2,170		2	$	97
Forgiveness of Principal		3		1,467		1		145
Payment Modification Only		1		280		1		88
Rate Reduction Only		14		7,069		3		913
Rate Reduction, Forbearance of Interest		26		3,252		12		2,411
Rate Reduction, Forbearance of Principal		18		2,976		—		—
Rate Reduction, Payment Modification		—		—		1		29
Total		72	$	17,214		20	$	3,683
As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		2	$	1,843		—	$	—
Forgiveness of Principal		3		1,504		1		207
Payment Modification Only		2		376		—		—
Rate Reduction Only		10		7,033		2		182
Rate Reduction, Forbearance of Interest		17		4,046		2		3,100
Rate Reduction, Forbearance of Principal		18		3,711		1		255
Rate Reduction, Payment Modification		—		—		2		1,011
Total		52	$	18,513		8	$	4,755

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by collateral types, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013:

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,345		2	$	586
Raw Land		5		1,298		1		29
Agriculture		1		311		1		66
Hotel & Motel		3		2,154		—		—
Office		4		1,652		1		149
Retail, including Strip Centers		6		2,905		1		516
1-4 Family Residential		42		8,027		9		978
Church		1		365		—		—
Automobile/Equipment/Inventory		13		548		3		41
Unsecured		1		243		—		—
Total		80	$	18,848		18	$	2,365

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,346		2	$	592
Raw Land		11		2,345		2		32
Hotel & Motel		3		2,185		—		—
Office		4		1,909		—		—
Retail, including Strip Centers		4		1,095		2		1,680
1-4 Family Residential		36		7,747		9		852
Life Insurance Policy		1		250		—		—
Automobile/Equipment/Inventory		8		92		4		479
Unsecured		1		245		1		48
Total		72	$	17,214		20	$	3,683

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		3	$	1,689		1	$	176
Raw Land		1		1,285		1		43
Hotel & Motel		3		2,273		—		—
Office		4		2,095		1		2,450
Retail, including Strip Centers		6		2,821		1		969
1-4 Family Residential		30		7,550		3		1,111
Life Insurance Policy		1		250		—		—
Automobile/Equipment/Inventory		3		500		1		6
Unsecured		1		50		—		—
Total		52	$	18,513		8	$	4,755

As of March 31, 2014 and December 31, 2013, the Company had a balance of $6.5 million and $7.2 million, respectively, in troubled debt restructurings included in purchased non-covered loans. The Company has recorded $345,000 in previous charge-offs on such loans at March 31, 2014. The Company had not recorded any previous charge-offs on such loans at December 31, 2013. At March 31, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings.

The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as accrual and non-accrual at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		7		2,443		2		264
Real estate – commercial & farmland		2		961		2		726
Real estate – residential		12		1,779		4		255
Consumer installment		1		8		2		17
Total		22	$	5,191		11	$	1,268
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		10		3,364		—		—
Real estate – commercial & farmland		3		1,228		1		468
Real estate – residential		8		1,321		8		738
Consumer installment		3		25		—		—
Total		24	$	5,938		10	$	1,212

The following table presents the amount of troubled debt restructurings by loan class of purchased non-covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		6		2,244		3		463
Real estate – commercial & farmland		—		—		4		1,687
Real estate – residential		8		1,187		8		847
Consumer installment		1		8		2		17
Total		15	$	3,439		18	$	3,020
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	6
Real estate – construction & development		1		8		2		17
Real estate – commercial & farmland		8		3,068		2		296
Real estate – residential		—		—		4		1,696
Consumer installment		7		1,153		9		906
Total		16	$	4,229		18	$	2,921

The following table presents the amount of troubled debt restructurings included in purchased non-covered loans, by types of concessions made, classified separately as accrual and non-accrual at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Principal		1	$	299		—	$	—
Forgiveness of Principal		1		164		1		259
Payment Modification Only		1		61		1		13
Rate Reduction Only		12		2,354		7		491
Rate Reduction, Forbearance of Principal		7		2,313		2		505
Total		22	$	5,191		11	$	1,268

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		1	$	300		—	$	—
Forgiveness of Principal		2		425		—		—
Payment Modification Only		2		75		—		—
Rate Reduction Only		11		2,170		8		707
Rate Reduction, Forbearance of Principal		8		2,968		2		505
Total		24	$	5,938		10	$	1,212

The following table presents the amount of troubled debt restructurings included in purchased non-covered loans, by collateral types, classified separately as accrual and non-accrual at March 31, 2014 and December 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		1	$	467
Raw Land		5		1,988		—		—
Office		1		798		—		—
Retail, including Strip Centers		1		164		1		259
1-4 Family Residential		15		2,241		6		519
Automobile/Equipment/Inventory		—		—		3		23
Total		22	$	5,191		11	$	1,268

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		1	$	468
Raw Land		6		2,640		—		—
Office		1		803		—		—
Retail, including Strip Centers		2		425		—		—
1-4 Family Residential		13		2,053		8		738
Automobile/Equipment/Inventory		2		17		1		6
Total		24	$	5,938		10	$	1,212

As of March 31, 2014, December 31, 2013 and March 31, 2013, the Company had a balance of $22.8 million, $27.3 million and $27.6 million, respectively, in troubled debt restructurings included in covered loans. The Company has recorded $3.2 million, $1.6 million and $6.6 million in previous charge-offs on such loans at March 31, 2014, December 31, 2013 and March 31, 2013, respectively. At March 31, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings.

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	14		5	$	68
Real estate – construction & development		3		3,254		5		49
Real estate – commercial & farmland		14		7,461		7		3,872
Real estate – residential		85		12,046		9		1,031
Consumer installment		—		—		1		5
Total		103	$	22,775		27	$	5,025

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	13		5	$	71
Real estate – construction & development		3		3,256		4		52
Real estate – commercial & farmland		13		7,255		5		3,946
Real estate – residential		83		11,719		8		942
Consumer installment		—		—		2		10
Total		100	$	22,243		24	$	5,021

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	36		1	$	—
Real estate – construction & development		8		5,022		3		788
Real estate – commercial & farmland		13		6,438		6		4,984
Real estate – residential		53		8,266		9		2,016
Consumer installment		—		—		1		6
Total		75	$	19,762		20	$	7,794

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at March 31, 2013, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	43		1	$	40
Real estate – construction & development		2		374		6		2,928
Real estate – commercial & farmland		18		6,962		3		4,370
Real estate – residential		75		9,576		19		3,502
Consumer installment		1		5		—		—
Total		101	$	16,960		29	$	10,840
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	45		1	$	40
Real estate – construction & development		5		3,273		2		34
Real estate – commercial & farmland		15		7,543		3		3,658
Real estate – residential		68		9,206		23		3,455
Consumer installment		2		10		—		—
Total		95	$	20,077		29	$	7,187
As of March 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	36		1	$	—
Real estate – construction & development		8		5,022		3		788
Real estate – commercial & farmland		14		6,603		5		4,819
Real estate – residential		52		8,373		10		1,909
Consumer installment		1		6		—		—
Total		76	$	20,040		19	$	7,516

The following table presents the amount of troubled debt restructurings included in covered loans, by types of concessions made, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		4	$	127
Forgiveness of Principal		—		—		—		—
Payment Modification Only		—		—		—		—
Rate Reduction Only		90		18,578		10		1,043
Rate Reduction, Forbearance of Interest		3		88		8		471
Rate Reduction, Forbearance of Principal		9		3,259		5		3,384
Rate Reduction, Payment Modification		1		850		—		—
Total		103	$	22,775		27	$	5,025

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		3	$	98
Forgiveness of Principal		—		—		—		—
Payment Modification Only		—		—		—		—
Rate Reduction Only		89		18,687		9		953
Rate Reduction, Forbearance of Interest		3		88		8		478
Rate Reduction, Forbearance of Principal		7		2,613		4		3,492
Rate Reduction, Payment Modification		1		855		—		—
Total		100	$	22,243		24	$	5,021

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		3	$	232		6	$	1,077
Forgiveness of Principal		—		—		1		—
Payment Modification Only		—		—		—		—
Rate Reduction Only		61		15,897		8		1,820
Rate Reduction, Forbearance of Interest		4		456		2		1,362
Rate Reduction, Forbearance of Principal		6		2,322		3		3,535
Rate Reduction, Payment Modification		1		855		—		—
Total		75	$	19,762		20	$	7,794

The following table presents the amount of troubled debt restructurings included in covered loans, by collateral types, classified separately as accrual and non-accrual at March 31, 2014, December 31, 2013 and March 31, 2013.

As of March 31, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		2	$	486
Raw Land		1		374		5		59
Hotel & Motel		7		4,867		—		—
Office		2		1,342		1		73
Retail, including Strip Centers		5		3,819		3		3,287
1-4 Family Residential		87		12,359		11		1,052
Automobile/Equipment/Inventory		—		—		5		68
Unsecured		1		14		—		—
Total		103	$	22,775		27	$	5,025

As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		—	$	—		1	$	377
Raw Land		1		375		3		37
Hotel & Motel		6		5,118		1		155
Office		1		855		1		78
Retail, including Strip Centers		6		3,853		2		3,337
1-4 Family Residential		85		12,029		11		966
Automobile/Equipment/Inventory		—		—		5		71
Unsecured		1		13		—		—
Total		100	$	22,243		24	$	5,021

As of March 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		1	$	379		—	$	—
Raw Land		4		2,496		2		772
Hotel & Motel		6		3,650		1		166
Office		1		855		1		87
Retail, including Strip Centers		7		3,769		4		4,732
1-4 Family Residential		54		8,563		11		2,037
Automobile/Equipment/Inventory		1		36		1		—
Unsecured		1		14		—		—
Total		75	$	19,762		20	$	7,794

Allowance for Loan Losses

The allowance for loan losses represents a reserve for inherent 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 a particular emphasis on non-accruing, past due and other loans that management believes might be potentially impaired or warrant additional attention. The Company segregates the loan portfolio by type of loan and utilizes this segregation in evaluating exposure to risks within the portfolio. In addition, based on internal reviews and external reviews performed by independent auditors and regulatory authorities, the Company further segregates the loan portfolio by loan grades based on an assessment of risk for a particular loan or group of loans. Certain reviewed loans are assigned specific allowances when a review of relevant data determines that a general allocation is not sufficient or when the review affords management the opportunity to adjust the amount of exposure in a given credit. In establishing allowances, management considers historical loan loss experience but adjusts this data with a significant emphasis on data such as current loan quality trends, current economic conditions and other factors in the markets where the Company operates. Factors considered include, among others, current valuations of real estate in their markets, unemployment rates, the effect of weather conditions on agricultural related entities and other significant local economic events.

The Company has developed a methodology for determining the adequacy of the allowance for loan losses which is monitored by the Company’s Chief Credit Officer. Procedures provide for the assignment of a risk rating for every loan included in the total loan portfolio, with the exception of credit card receivables and overdraft protection loans which are treated as pools for risk rating purposes. The risk rating schedule provides nine ratings of which five ratings are classified as pass ratings and four ratings are classified as criticized ratings. Each risk rating is assigned a percentage factor to be applied to the loan balance to determine the adequate amount of reserve. Many of the larger loans require an annual review by an independent loan officer or an independent third party loan review firm. As a result of these loan reviews, certain loans may be assigned specific reserve allocations. Other loans that surface as problem loans may also be assigned specific reserves. Past due loans are assigned risk ratings based on the number of days past due. The calculation of the allowance for loan losses, including underlying data and assumptions, is reviewed regularly by the Company’s Chief Financial Officer and the Director of Internal Audit.

Loan losses are charged against the allowance when management believes the collection of a loan’s principal is unlikely. Subsequent recoveries are credited to the allowance. Consumer loans are charged-off in accordance with the Federal Financial Institutions Examination Council’s Uniform Retail Credit Classification and Account Management Policy. Commercial loans are charged-off when they are deemed uncollectible, which usually involves a triggering event within the collection effort. If the loan is collateral dependent, the loss is more easily identified and is charged-off when it is identified, usually based upon receipt of an appraisal. However, when a loan has guarantor support, the Company may carry the estimated loss as a reserve against the loan while collection efforts with the guarantor are pursued. If, after collection efforts with the guarantor are complete, the deficiency is still considered uncollectible, the loss is charged-off and any further collections are treated as recoveries. In all situations, when a loan is downgraded to an Asset Quality Rating of 60 (Loss per the regulatory guidance), the uncollectible portion is charged-off.

During the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013, the Company recorded provision for loan loss expense of $225,000, $1.5 million and $320,000, respectively, to account for losses where the initial estimate of cash flows was found to be excessive on loans acquired in FDIC-assisted transactions. These amounts are excluded from the rollforwards above and below but are reflected in the Company’s Consolidated Statements of Earnings.

The following table details activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2014	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Provision for loan losses		1,090			337			622			(656	)		108			1,501
Loans charged off		(743	)		(65	)		(533	)		(181	)		(84	)		(1,606	)
Recoveries of loans previously charged off		49			108			143			83			89			472
Balance, March 31, 2014	$	2,219		$	5,918		$	8,625		$	5,280		$	702		$	22,744
Period-end amount allocated to:
Loans individually evaluated for impairment	$	318		$	631		$	1,994		$	1,133		$	—		$	4,076
Loans collectively evaluated for impairment		1,901			5,287			6,631			4,147			702			18,668
Ending balance	$	2,219		$	5,918		$	8,625		$	5,280		$	702		$	22,744
Loans:
Individually evaluated for impairment	$	2,837		$	3,817		$	16,832		$	14,602		$	—		$	38,088
Collectively evaluated for impairment		267,734			145,726			819,398			378,399			46,037			1,657,294
Ending balance	$	270,571		$	149,543		$	836,230		$	393,001		$	46,037		$	1,695,382

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		711			1,742			2,777			4,463			254			9,947
Loans charged off		(1,759	)		(2,020	)		(3,571	)		(5,215	)		(719	)		(13,284	)
Recoveries of loans previously charged off		432			473			30			888			298			2,121
Balance, December 31, 2013	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Period-end amount allocated to:
Loans individually evaluated for impairment	$	356		$	407		$	1,427		$	1,395		$	—		$	3,585
Loans collectively evaluated for impairment		1,467			5,131			6,966			4,639			589			18,792
Ending balance	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Loans:
Individually evaluated for impairment	$	3,457		$	3,581		$	15,240		$	16,925		$	—		$	39,203
Collectively evaluated for impairment		240,916			142,790			793,083			349,957			52,505			1,579,251
Ending balance	$	244,373		$	146,371		$	808,323		$	366,882		$	52,505		$	1,618,454

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		254			1,467			696			339			(153	)		2,603
Loans charged off		(410	)		(655	)		(1,025	)		(779	)		(167	)		(3,036	)
Recoveries of loans previously charged off		84			2			3			85			48			222
Balance, March 31, 2013	$	2,367		$	6,157		$	8,831		$	5,543		$	484		$	23,382
Period-end amount allocated to:
Loans individually evaluated for impairment	$	675		$	641		$	1,890		$	1,203		$	—		$	4,409
Loans collectively evaluated for impairment		1,692			5,516			6,941			4,340			484			18,973
Ending balance	$	2,367		$	6,157		$	8,831		$	5,543		$	484		$	23,382
Loans:
Individually evaluated for impairment	$	3,334		$	8,281		$	19,545		$	14,069		$	—		$	45,229
Collectively evaluated for impairment		177,554			121,880			746,682			352,987			48,421			1,447,524
Ending balance	$	180,888		$	130,161		$	766,227		$	367,056		$	48,421		$	1,492,753

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Assets Acquired in FDIC-Assisted Acquisitions (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Acquisition Details

From October 2009 through July 2012, the Company participated in ten FDIC-assisted acquisitions whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include the following:

Bank Acquired	Location	Branches	Date Acquired
American United Bank (“AUB”)	Lawrenceville, Ga.	1	October 23, 2009
United Security Bank (“USB”)	Sparta, Ga.	2	November 6, 2009
Satilla Community Bank (“SCB”)	St. Marys, Ga.	1	May 14, 2010
First Bank of Jacksonville (“FBJ”)	Jacksonville, Fl.	2	October 22, 2010
Tifton Banking Company (“TBC”)	Tifton, Ga.	1	November 12, 2010
Darby Bank & Trust (“DBT”)	Vidalia, Ga.	7	November 12, 2010
High Trust Bank (“HTB”)	Stockbridge, Ga.	2	July 15, 2011
One Georgia Bank (“OGB”)	Midtown Atlanta, Ga.	1	July 15, 2011
Central Bank of Georgia (“CBG”)	Ellaville, Ga.	5	February 24, 2012
Montgomery Bank & Trust (“MBT”)	Ailey, Ga.	2	July 6, 2012

Components of Covered Assets

The following table summarizes components of all covered assets at March 31, 2014, December 31, 2013 and March 31, 2013 and their origin:

	Covered loans		Less: Credit risk adjustments		Less: Liquidity and rate adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
As of March 31, 2014:	(Dollars in thousands)
AUB	$	13,629	$	220	$	—	$	13,409	$	4,264	$	—	$	4,264	$	17,673	$	1,190
USB		15,668		935		—		14,733		3,366		135		3,231		17,964		535
SCB		33,896		1,274		—		32,622		3,122		303		2,819		35,441		2,781
FBJ		24,281		2,768		—		21,513		1,850		253		1,597		23,110		3,034
DBT		100,909		13,138		—		87,771		12,250		1,092		11,158		98,929		14,947
TBC		31,576		2,119		—		29,457		4,681		761		3,920		33,377		3,425
HTB		61,560		6,596		34		54,930		7,263		2,349		4,914		59,844		8,540
OGB		55,569		4,564		89		50,916		8,169		2,984		5,185		56,101		6,815
CBG		77,767		10,364		60		67,343		7,127		1,579		5,548		72,891		11,914
Total	$	414,855	$	41,978	$	183	$	372,694	$	52,092	$	9,456	$	42,636	$	415,330	$	53,181
	Covered loans		Less: Credit risk adjustments		Less: Liquidity and rate adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
As of December 31, 2013:	(Dollars in thousands)
AUB	$	15,787	$	231	$	—	$	15,556	$	4,264	$	—	$	4,264	$	19,820	$	1,452
USB		18,504		1,427		—		17,077		2,865		141		2,724		19,801		889
SCB		34,637		1,483		—		33,154		3,461		303		3,158		36,312		3,175
FBJ		25,891		3,730		—		22,161		1,880		242		1,638		23,799		3,689
DBT		105,157		17,819		—		87,338		17,023		1,282		15,741		103,079		18,724
TBC		32,590		2,340		14		30,236		4,844		745		4,099		34,335		3,721
HTB		67,126		7,321		38		59,767		6,374		2,304		4,070		63,837		9,325
OGB		58,512		4,969		98		53,445		7,506		2,984		4,522		57,967		9,645
CBG		85,118		13,535		80		71,503		7,610		1,933		5,677		77,180		14,821
Total	$	443,322	$	52,855	$	230	$	390,237	$	55,827	$	9,934	$	45,893	$	436,130	$	65,441

	Covered loans		Less: Credit risk adjustments		Less: Liquidity and rate adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
As of March 31, 2013:	(Dollars in thousands)
AUB	$	25,001	$	2,508	$	—	$	22,493	$	8,079	$	100	$	7,979	$	30,472	$	4,176
USB		25,921		3,879		—		22,042		5,379		139		5,240		27,282		9,932
SCB		40,008		3,189		—		36,819		6,670		299		6,371		43,190		8,189
FBJ		31,479		5,662		11		25,806		1,450		93		1,357		27,163		6,840
DBT		146,178		35,461		83		110,634		25,990		1,895		24,095		134,729		37,333
TBC		42,302		4,450		133		37,719		10,478		1,814		8,664		46,383		8,050
HTB		82,202		14,068		49		68,085		14,823		3,445		11,378		79,463		21,423
OGB		73,279		14,877		127		58,275		10,384		4,144		6,240		64,515		18,687
CBG		109,596		30,605		140		78,851		8,424		1,833		6,591		85,442		46,349
Total	$	575,966	$	114,699	$	543	$	460,724	$	91,677	$	13,762	$	77,915	$	538,639	$	160,979

Loan-by-Loan Basis Performance of Fair Value Adjustments

The adjustments to fair value are performed on a loan-by-loan basis and have resulted in the following:

Total Amounts	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount)	$	5,622	$	51,003	$	4,052
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		1,125		7,695		1,600

Amounts reflected in the Company’s Statement of Earnings	March 31, 2014		December 31, 2013		March 31, 2013
	(Dollars in thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount)	$	1,124	$	10,201	$	810
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		225		1,539		320

Schedule of Changes in Accretable Discounts Related Acquired Loans

The following is a summary of changes in the accretable discounts of acquired loans during the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	25,493		$	16,698		$	16,698
Additions due to acquisitions		—			—			—
Accretion		(15,024	)		(42,208	)		(7,218	)
Other activity, net		5,622			51,003			4,052
Ending balance	$	16,091		$	25,493		$	13,532

Changes in FDIC Shared-Loss Receivable

Changes in the FDIC shared-loss receivable for the three months ended March 31, 2014, for the year ended December 31, 2013 and for the three months ended March 31, 2013 are as follows:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	65,441		$	159,724		$	159,724
Indemnification asset recorded in acquisitions		—			—			—
Payments received from FDIC		(6,773	)		(68,822	)		(6,324	)
Effect of change in expected cash flows on covered assets		(5,487	)		(25,461	)		7,579
Ending balance	$	53,181		$	65,441		$	160,979

Loans with Deterioration of Credit Quality [Member]

Rollforward of Acquired Loans Deterioration of Credit Quality

A rollforward of acquired loans with deterioration of credit quality for the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013 is shown below:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	217,047		$	282,737		$	282,737
Change in estimate of cash flows, net of charge-offs or recoveries		4,659			35,306			(5,391	)
Additions due to acquisitions		—			—			—
Other (loan payments, transfers, etc.)		(16,505	)		(100,996	)		(22,279	)
Ending balance	$	205,201		$	217,047		$	255,067

Loans without Deterioration of Credit Quality [Member]

Rollforward of Acquired Loans Deterioration of Credit Quality

A rollforward of acquired loans without deterioration of credit quality for the three months ended March 31, 2014, the year ended December 31, 2013 and the three months ended March 31, 2013 is shown below:

(Dollars in Thousands)	March 31, 2014			December 31, 2013			March 31, 2013
Balance, January 1	$	173,190		$	228,602		$	228,602
Change in estimate of cash flows, net of charge-offs or recoveries		2,571			13,471			(2,625	)
Additions due to acquisitions		—			—			—
Other (loan payments, transfers, etc.)		(8,268	)		(68,883	)		(20,229	)
Ending balance	$	167,493		$	173,190		$	205,748

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Basis of Presentation and Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Carrying Amount and Estimated Fair Value of Financial Instruments

The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows:

			Fair Value Measurements at March 31, 2014 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	2,482,601	$	—	$	1,651,409	$	851,216	$	2,502,625
Financial liabilities:
Deposits		3,010,647		—		3,011,383		—		3,011,383
Other borrowings		59,677		—		59,677		—		59,677
			Fair Value Measurements at December 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	2,435,067	$	—	$	1,565,919	$	881,536	$	2,447,455
Financial liabilities:
Deposits		2,999,231		—		3,000,061		—		3,000,061
Other borrowings		194,572		—		194,572		—		194,572
			Fair Value Measurements at March 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Loans, net	$	1,930,095	$	—	$	1,458,604	$	501,874	$	1,960,478
Financial liabilities:
Deposits		2,489,973		—		2,491,282		—		2,491,282

Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis

The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of March 31, 2014, December 31, 2013 and March 31, 2013 (dollars in thousands):

	Fair Value Measurements on a Recurring Basis As of March 31, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	14,145	$	—	$	14,145	$	—
State, county and municipal securities		111,574		—		111,574		—
Corporate debt securities		10,383		—		8,383		2,000
Mortgage-backed securities		320,611		—		320,611		—
Mortgage loans held for sale		51,693		—		51,693		—
Total recurring assets at fair value	$	508,406	$	—	$	506,406	$	2,000
Derivative financial instruments	$	675	$	—	$	675	$	—
Total recurring liabilities at fair value	$	675	$	—	$	675	$	—
	Fair Value Measurements on a Recurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	13,926	$	—	$	13,926	$	—
State, county and municipal securities		112,754		—		112,754		—
Collateralized debt obligations		1,480		1,480		—		—
Corporate debt securities		10,325		—		8,325		2,000
Mortgage-backed securities		347,750		182,461		165,289		—
Mortgage loans held for sale		67,278		—		67,278		—
Total recurring assets at fair value	$	553,513	$	183,941	$	367,572	$	2,000
Derivative financial instruments	$	370	$	—	$	370	$	—
Total recurring liabilities at fair value	$	370	$	—	$	370	$	—
	Fair Value Measurements on a Recurring Basis As of March 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	5,015	$	—	$	5,015	$	—
State, county and municipal securities		115,532		—		115,532		—
Corporate debt securities		10,297		—		8,297		2,000
Mortgage-backed securities		193,185		4,054		189,131		—
Mortgage loans held for sale		42,332		—		42,332		—
Total recurring assets at fair value	$	366,361	$	4,054	$	360,307	$	2,000
Derivative financial instruments	$	2,553	$	—	$	2,553	$	—
Total recurring liabilities at fair value	$	2,553	$	—	$	2,553	$	—

Valuation Methodologies for Instruments Measured at Fair Value on Nonrecurring Basis

The following table is a presentation of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of March 31, 2014, December 31, 2013 and March 31, 2013 (dollars in thousands):

	Fair Value Measurements on a Nonrecurring Basis As of March 31, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	41,253	$	—	$	—	$	41,253
Other real estate owned		33,839		—		—		33,839
Purchased, non-covered loans		437,269		—		—		437,269
Purchased, non-covered other real estate owned		3,864		—		—		3,864
Covered loans		372,694		—		—		372,694
Covered other real estate owned		42,636		—		—		42,636
Total nonrecurring assets at fair value	$	931,555	$	—	$	—	$	931,555
	Fair Value Measurements on a Nonrecurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	42,546	$	—	$	—	$	42,546
Other real estate owned		33,351		—		—		33,351
Purchased, non-covered loans		448,753		—		—		448,753
Purchased, non-covered other real estate owned		4,276		—		—		4,276
Covered loans		390,237		—		—		390,237
Covered other real estate owned		45,893		—		—		45,893
Total nonrecurring assets at fair value	$	965,056	$	—	$	—	$	965,056
	Fair Value Measurements on a Nonrecurring Basis As of March 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	51,150	$	—	$	—	$	51,150
Other real estate owned		40,434		—		—		40,434
Covered loans		460,724		—		—		460,724
Covered other real estate owned		77,915		—		—		77,915
Total nonrecurring assets at fair value	$	630,223	$	—	$	—	$	630,223

Summary of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets and Liabilities

The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities.

Measurements	Fair Value at March 31, 2014		Valuation Technique	Unobservable Inputs	Range
	(Dollars in Thousands)
Nonrecurring:
Impaired loans	$	41,253	Third party appraisals and discounted cash flows	Collateral discounts and discount rates	4.00% - 60.00%
Other real estate owned	$	33,839	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 74.00%
Purchased, non-covered loans	$	437,269	Third party appraisals and discounted cash flows	Collateral discounts and discount rates	1.00% - 40.00%
Purchased non-covered other real estate owned	$	3,864	Third party appraisals	Collateral discounts and estimated costs to sell	15.00% - 57.00%
Covered loans	$	372,694	Third party appraisals and discounted cash flows	Collateral discounts and discount rate	1.75% - 75.00%
Covered real estate owned	$	42,636	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 87.00%
Recurring:
Investment securities available for sale	$	2,000	Discounted par values	Credit quality of underlying issuer	0.00%

Schedule of Company's Reconciliation of Level 3 Assets

The transfers between the fair value hierarchy levels during the three months ended March 31, 2014 and 2013 involved the transferring of loans to impaired loans, impaired loans to other real estate owned and covered loans to covered other real estate owned. These transfers are reflected in the Company’s reconciliation of Level 3 assets below.

	Investment securities available for sale		Impaired loans carried at fair value			Other real estate owned			Purchased, non-covered loans			Purchased, non-covered other real estate owned			Covered loans			Covered other real estate owned
									(Dollars in Thousands)
Beginning balance, January 1, 2014	$	2,000	$	42,546		$	33,351		$	448,753		$	4,276		$	390,237		$	45,893
Total gains (losses) included in net income		—		—			(750	)		—			(46	)		—			(219	)
Purchases, sales, issuances, and settlements, net		—		—			(1,316	)		(11,416	)		(529	)		(12,617	)		(7,964	)
Transfers in or out of Level 3		—		—			1,261			—			95			—			—
Asset reclassification, within Level 3		—		(1,293	)		1,293			(68	)		68			(4,926	)		4,926
Ending balance, March 31, 2014	$	2,000	$	41,253		$	33,839		$	437,269		$	3,864		$	372,694		$	42,636

	Investment Securities Available for Sale		Impaired Loans Carried at Fair Value			Other Real Estate Owned			Covered Loans			Covered Other Real Estate Owned
	(Dollars in Thousands)
Beginning balance, January 1, 2013	$	2,000	$	52,514		$	39,850		$	507,712		$	88,273
Total gains/(losses) included in net income		—		—			(15	)		—			(3,032	)
Purchases, sales, issuances, and settlements, net		—		—			(2,027	)		(31,449	)		(22,865	)
Transfers in to Level 3		—		1,262			—			—			—
Asset reclassification, within Level 3		—		(2,626	)		2,626			(15,539	)		15,539
Ending balance March 31, 2013	$	2,000	$	51,150		$	40,434		$	460,724		$	77,915

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Other Borrowings - Summary of Other Borrowings (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2014
Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Federal Home Loan Bank daily credit effective rate	0.36%
Federal Home Loan Bank Advances effective rate	0.17%
Maturity period of advances	Jan. 24, 2014
Revolving Credit Facility [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Interest rate description	90-day LIBOR plus 4.00% (4.24% at March 31, 2014)
Interest rate	4.00%
Interest rate in excess of 90-day LIBOR	4.24%
Maturity period of Federal Home Loan Bank advances	2016-08
Correspondent Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Correspondent bank advances effective rate	4.50%
Maturity period of advances	Nov. 27, 2017
Subordinated Debt One [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Interest rate description	90-day LIBOR plus 1.60% (1.84% at March 31, 2014)
Interest rate	1.60%
Interest rate in excess of 90-day LIBOR	1.84%
Maturity period of Federal Home Loan Bank advances	2014-03
Subordinated Debt Two [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Interest rate description	90-day LIBOR plus 1.75% (1.98% at March 31, 2014)
Interest rate	1.75%
Interest rate in excess of 90-day LIBOR	1.98%
Maturity period of Federal Home Loan Bank advances	2014-03

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2014

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 9 – COMMITMENTS AND CONTINGENCIES

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets.

The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company uses the same credit policies in making commitments and conditional obligations as are used for on-balance-sheet instruments.

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.

The Company issues standby letters of credit, which are conditional commitments issued to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements and expire in decreasing amounts with varying terms. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company holds various assets as collateral supporting those commitments for which collateral is deemed necessary.

The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held may include accounts receivable, inventory, property, plant and equipment, residential real estate and income-producing commercial properties.

The Company’s commitments to extend credit and standby letters of credit are presented in the following table:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commitments to extend credit	$	271,072	$	257,195	$	190,813
Standby letters of credit	$	7,961	$	7,665	$	6,747

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Loans - Summary of Troubled Debt Restructurings by Loan Class, Excluding Purchased Non-Covered and Covered Loans (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,200	$ 20,900	$ 23,300
Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	18,848	17,214	18,513
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	80	72	52
Troubled debt restructuring loans	18,848	17,214	18,513
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	4	5
Troubled debt restructuring loans	711	515	799
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	11	8	5
Troubled debt restructuring loans	1,953	1,896	1,883
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	19	17	16
Troubled debt restructuring loans	8,733	6,913	8,878
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	35	37	26
Troubled debt restructuring loans	7,364	7,818	6,953
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	11	6
Troubled debt restructuring loans	87	72
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	18	20	8
Troubled debt restructuring loans	2,365	3,683	4,755
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	3
Troubled debt restructuring loans	40	525
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2	1
Troubled debt restructuring loans	29	32	43
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	4	3
Troubled debt restructuring loans	1,316	2,273	3,595
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	8	8	3
Troubled debt restructuring loans	961	834	1,111
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	3	1
Troubled debt restructuring loans	$ 19	$ 19	$ 6

XML

Weighted Average Shares Outstanding

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Weighted Average Shares Outstanding

NOTE 7 – WEIGHTED AVERAGE SHARES OUTSTANDING

Earnings per share have been computed based on the following weighted average number of common shares outstanding:

	For the Three Months Ended March 31,
	2014		2013
	(share data in thousands)
Basic shares outstanding		25,144		23,868
Plus: Dilutive effect of ISOs		95		63
Plus: Dilutive effect of Restricted Grants		334		315
Diluted shares outstanding		25,573		24,246

For the quarters ended March 31, 2014 and 2013, the Company has excluded 268,000 and 408,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive.

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Other Borrowings

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Other Borrowings

NOTE 8 – OTHER BORROWINGS

The Company has, from time to time, utilized certain borrowing arrangements with various financial institutions to fund growth in earning assets or provide additional liquidity when appropriate spreads can be realized. At March 31, 2014 and December 31, 2013, there were $59.7 million and $194.6 million, respectively, outstanding borrowings with the Company’s correspondent banks. At March 31, 2013, there were no outstanding borrowings with the Company’s correspondent banks.

Other borrowings consist of the following:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36%	$	25,000	$	—	$	—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014		—		165,000		—
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.24% at March 31, 2014) due in August 2016, secured by subsidiary bank stock		10,000		10,000		—
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable				—		—
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at March 31, 2014)		5,000		5,000		—
Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.98% at March 31, 2014)		14,714		14,572		—
Total	$	59,677	$	194,572	$	—

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Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income

NOTE 10 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income for the Company consists of changes in net unrealized gains and losses on investment securities available for sale and interest rate swap derivatives. The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of March 31, 2014 and 2013.

(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2014	$	1,397		$	(1,691	)	$	(294	)
Reclassification for gains included in net income		—			(4	)		(4	)
Current year changes		(266	)		2,938			2,672
Balance, March 31, 2014	$	1,131		$	1,243		$	2,374

(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2013	$	(23	)	$	6,630		$	6,607
Reclassification for gains included in net income		—			(112	)		(112	)
Current year changes		208			(429	)		(221	)
Balance, March 31, 2013	$	185		$	6,089		$	6,274

XML

Loans - Summary of Trouble Debt Restructurings by Loan Class of Purchased Non-Covered Loans (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable Modifications Number Of Contracts [Line Items]
Troubled debt restructuring loans	$ 21,200	$ 20,900	$ 23,300
Purchased Non-Covered Loans [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Troubled debt restructuring loans	5,191	5,938
Purchased Non-Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	22	24
Troubled debt restructuring loans	5,191	5,938
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts
Troubled debt restructuring loans
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	7	10
Troubled debt restructuring loans	2,443	3,364
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	2	3
Troubled debt restructuring loans	961	1,228
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	12	8
Troubled debt restructuring loans	1,779	1,321
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Consumer Installment Loans [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	1	3
Troubled debt restructuring loans	8	25
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	11	10
Troubled debt restructuring loans	1,268	1,212
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	1	1
Troubled debt restructuring loans	6	6
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	2
Troubled debt restructuring loans	264
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	2	1
Troubled debt restructuring loans	726	468
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	4	8
Troubled debt restructuring loans	255	738
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Consumer Installment Loans [Member]
Financing Receivable Modifications Number Of Contracts [Line Items]
Number of contracts	2
Troubled debt restructuring loans	$ 17

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Commitments and Contingencies - Summary of Commitments to Extend Credit and Standby Letters of Credit (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Commitments And Contingencies Disclosure [Abstract]
Commitments to extend credit	$ 271,072	$ 257,195	$ 190,813
Standby letters of credit	$ 7,961	$ 7,665	$ 6,747

XML

Loans - Summary of Troubled Debt Restructurings Included in Purchased Non-Covered Loans, by Concessions Made Types (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,200	$ 20,900	$ 23,300
Purchased Non-Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	5,191	5,938
Purchased Non-Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	22	24
Troubled debt restructuring loans	5,191	5,938
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1
Troubled debt restructuring loans	299	300
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Forgiveness of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2
Troubled debt restructuring loans	164	425
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Payment Modification Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2
Troubled debt restructuring loans	61	75
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	12	11
Troubled debt restructuring loans	2,354	2,170
Purchased Non-Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	7	8
Troubled debt restructuring loans	2,313	2,968
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	11	10
Troubled debt restructuring loans	1,268	1,212
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts
Troubled debt restructuring loans
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Forgiveness of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Troubled debt restructuring loans	259
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Payment Modification Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Troubled debt restructuring loans	13
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	7	8
Troubled debt restructuring loans	491	707
Purchased Non-Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	2
Troubled debt restructuring loans	$ 505	$ 505

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Loans - Summary of Troubled Debt Restructurings, Excluding Purchased Non-Covered and Covered Loans, by Collateral Types (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,200	$ 20,900	$ 23,300
Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	18,848	17,214	18,513
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	80	72	52
Troubled debt restructuring loans	18,848	17,214	18,513
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Warehouse [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	4	3
Troubled debt restructuring loans	1,345	1,346	1,689
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	11	1
Troubled debt restructuring loans	1,298	2,345	1,285
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Agriculture [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Troubled debt restructuring loans	311
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Hotel & Motel [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	3	3
Troubled debt restructuring loans	2,154	2,185	2,273
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Office [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	4	4
Troubled debt restructuring loans	1,652	1,909	2,095
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	6	4	6
Troubled debt restructuring loans	2,905	1,095	2,821
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	42	36	30
Troubled debt restructuring loans	8,027	7,747	7,550
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Church [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Troubled debt restructuring loans	365
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	13	8	3
Troubled debt restructuring loans	548	92	500
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Unsecured [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	243	245	50
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Life Insurance Policy [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1	1
Troubled debt restructuring loans		250	250
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	18	20	8
Troubled debt restructuring loans	2,365	3,683	4,755
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Warehouse [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	2	1
Troubled debt restructuring loans	586	592	176
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2	1
Troubled debt restructuring loans	29	32	43
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Agriculture [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Troubled debt restructuring loans	66
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Office [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1		1
Troubled debt restructuring loans	149		2,450
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2	1
Troubled debt restructuring loans	516	1,680	969
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	9	9	3
Troubled debt restructuring loans	978	852	1,111
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	4	1
Troubled debt restructuring loans	41	479	6
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Unsecured [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1
Troubled debt restructuring loans		$ 48

XML

Basis of Presentation and Accounting Policies - Schedule of Company's Reconciliation of Level 3 Assets (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Investment Securities Available For Sale [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 2,000	$ 2,000
Total gains (losses) included in net income
Purchases, sales, issuances, and settlements, net
Transfers in or out of Level 3
Asset reclassification, within Level 3
Ending balance	2,000	2,000
Impaired Loans Carried at Fair Value [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	42,546	52,514
Transfers in or out of Level 3		1,262
Asset reclassification, within Level 3	(1,293)	(2,626)
Ending balance	41,253	51,150
Other Real Estate Owned [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	33,351	39,850
Total gains (losses) included in net income	(750)	(15)
Purchases, sales, issuances, and settlements, net	(1,316)	(2,027)
Transfers in or out of Level 3	1,261
Asset reclassification, within Level 3	1,293	2,626
Ending balance	33,839	40,434
Purchased Non-Covered Loans [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	448,753
Purchases, sales, issuances, and settlements, net	(11,416)
Asset reclassification, within Level 3	(68)
Ending balance	437,269
Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	4,276
Total gains (losses) included in net income	(46)
Purchases, sales, issuances, and settlements, net	(529)
Transfers in or out of Level 3	95
Asset reclassification, within Level 3	68
Ending balance	3,864
Covered Loans [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	390,237	507,712
Purchases, sales, issuances, and settlements, net	(12,617)	(31,449)
Asset reclassification, within Level 3	(4,926)	(15,539)
Ending balance	372,694	460,724
Covered Other Real Estate Owned [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	45,893	88,273
Total gains (losses) included in net income	(219)	(3,032)
Purchases, sales, issuances, and settlements, net	(7,964)	(22,865)
Asset reclassification, within Level 3	4,926	15,539
Ending balance	$ 42,636	$ 77,915

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Loans - Summary of Impaired Financial Receivables (Summary of Excluding Purchased Non-Covered and Covered Loans) (Detail) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings not included above	$ 21,200,000	$ 23,300,000	$ 20,900,000
Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	26,729,000	37,476,000	29,203,000
Troubled debt restructurings not included above	18,848,000	18,513,000	17,214,000
Total impaired loans	45,577,000	55,989,000	46,417,000
Impaired loans not requiring a related allowance
Impaired loans requiring a related allowance	45,577,000	55,989,000	46,417,000
Allowance related to impaired loans	4,324,000	4,839,000	3,871,000
Average investment in impaired loans	45,997,000	56,808,000	51,721,000
Interest income recognized on impaired loans	20,000	78,000	522,000
Foregone interest income on impaired loans	$ 246,000	$ 54,000	$ 418,000

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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2014

Investments Debt And Equity Securities [Abstract]

Amortized Cost and Estimated Fair Value of Securities Available for Sale

The amortized cost and estimated fair value of investment securities available for sale at March 31, 2014, December 31, 2013 and March 31, 2013 are presented below:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in Thousands)
March 31, 2014:
U. S. government agencies	$	14,948	$	—	$	(803	)	$	14,145
State, county and municipal securities		110,331		2,724		(1,481	)		111,574
Corporate debt securities		10,307		285		(209	)		10,383
Mortgage-backed securities		319,216		4,244		(2,849	)		320,611
Total debt securities	$	454,802	$	7,253	$	(5,342	)	$	456,713
December 31, 2013:
U. S. government agencies	$	14,947	$	—	$	(1,021	)	$	13,926
State, county and municipal securities		112,659		2,269		(2,174	)		112,754
Corporate debt securities		10,311		275		(261	)		10,325
Collateralized debt obligations		1,480		—		—			1,480
Mortgage-backed securities		349,441		2,347		(4,038	)		347,750
Total debt securities	$	488,838	$	4,891	$	(7,494	)	$	486,235
March 31, 2013:
U. S. government agencies	$	5,000	$	15	$	—		$	5,015
State, county and municipal securities		110,628		5,051		(147	)		115,532
Corporate debt securities		10,542		355		(600	)		10,297
Mortgage-backed securities		188,492		5,342		(649	)		193,185
Total debt securities	$	314,662	$	10,763	$	(1,396	)	$	324,029

Amortized Cost and Fair Value of Debt Securities Available for Sale Securities by Contractual Maturity

The amortized cost and fair value of available-for-sale securities at March 31, 2014 by contractual maturity are summarized in the table below. Expected maturities for mortgage-backed securities may differ from contractual maturities because in certain cases borrowers can prepay obligations without prepayment penalties. Therefore, these securities are not included in the following maturity summary.

	Amortized Cost		Fair Value
	(Dollars in Thousands)
Due in one year or less	$	3,088	$	3,110
Due from one year to five years		41,430		43,038
Due from five to ten years		65,798		65,210
Due after ten years		25,270		24,744
Mortgage-backed securities		319,216		320,611
	$	454,802	$	456,713

Schedule of Gross Unrealized Losses and Fair Value of Securities

The following table details the gross unrealized losses and fair value of securities aggregated by category and duration of the continuous unrealized loss position at March 31, 2014, December 31, 2013 and March 31, 2013.

	Less Than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)
March 31, 2014:
U. S. government agencies	$	9,353	$	(595	)	$	4,792	$	(208	)	$	14,145	$	(803	)
State, county and municipal securities		38,937		(1,238	)		3,612		(243	)		42,549		(1,481	)
Corporate debt securities		—		—			4,871		(209	)		4,871		(209	)
Mortgage-backed securities		55,103		(1,219	)		31,184		(1,630	)		86,287		(2,849	)
Total debt securities	$	103,393	$	(3,052	)	$	44,459	$	(2,290	)	$	147,852	$	(5,342	)
December 31, 2013:
U. S. government agencies	$	13,926	$	(1,021	)	$	—	$	—		$	13,926	$	(1,021	)
State, county and municipal securities		47,401		(1,882	)		3,794		(292	)		51,195		(2,174	)
Corporate debt securities		—		—			4,826		(261	)		4,826		(261	)
Collateralized debt obligations		—		—			—		—			—		—
Mortgage-backed securities		94,989		(2,493	)		23,388		(1,545	)		118,377		(4,038	)
Total debt securities	$	156,316	$	(5,396	)	$	32,008	$	(2,098	)	$	188,324	$	(7,494	)
March 31, 2013:
U. S. government agencies	$	—	$	—		$	—	$	—		$	—	$	—
State, county and municipal securities		19,159		(138	)		505		(9	)		19,664		(147	)
Corporate debt securities		244		(6	)		4,506		(594	)		4,750		(600	)
Mortgage-backed securities		55,189		(648	)		1,120		(1	)		56,309		(649	)
Total debt securities	$	74,592	$	(792	)	$	6,131	$	(604	)	$	80,723	$	(1,396	)

XML

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2014

Commitments And Contingencies Disclosure [Abstract]

Summary of Commitments to Extend Credit and Standby Letters of Credit

The Company’s commitments to extend credit and standby letters of credit are presented in the following table:

(Dollars in Thousands)	March 31, 2014		December 31, 2013		March 31, 2013
Commitments to extend credit	$	271,072	$	257,195	$	190,813
Standby letters of credit	$	7,961	$	7,665	$	6,747

XML

Loans - Summary of Non-Covered Past Due Financial Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	$ 6,300		$ 27,400
Total Loans	1,695,382	1,618,454	1,492,753
Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	10,126	12,903
Loans 60-89 Days Past Due	7,614	3,314
Loans 90 or More Days Past Due	10,067	5,289
Total Loans Past Due	27,807	21,506
Current Loans	409,462	427,247
Total Loans	437,269	448,753
Loans 90 Days or More Past Due and Still Accruing
Commercial, Financial and Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	270,571	244,373	180,888
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	291	370
Loans 60-89 Days Past Due		70
Loans 90 or More Days Past Due	117	11
Total Loans Past Due	408	451
Current Loans	30,402	31,690
Total Loans	30,810	32,141
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Construction and Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	149,543	146,371	130,161
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	680	1,008
Loans 60-89 Days Past Due	661	89
Loans 90 or More Days Past Due	867	325
Total Loans Past Due	2,208	1,422
Current Loans	29,612	29,754
Total Loans	31,820	31,176
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Commercial and Farmland [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	836,230	808,323	766,227
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	3,956	6,851
Loans 60-89 Days Past Due	5,126	2,064
Loans 90 or More Days Past Due	2,550	1,516
Total Loans Past Due	11,632	10,431
Current Loans	162,649	169,467
Total Loans	174,281	179,898
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	393,001	366,882	367,056
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	5,187	4,667
Loans 60-89 Days Past Due	1,816	1,074
Loans 90 or More Days Past Due	6,503	3,428
Total Loans Past Due	13,506	9,169
Current Loans	182,572	191,682
Total Loans	196,078	200,851
Loans 90 Days or More Past Due and Still Accruing
Consumer Installment Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	32,345	34,249	37,335
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	12	7
Loans 60-89 Days Past Due	11	17
Loans 90 or More Days Past Due	30	9
Total Loans Past Due	53	33
Current Loans	4,227	4,654
Total Loans	4,280	4,687
Loans 90 Days or More Past Due and Still Accruing

XML

Investment Securities - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014
Investments Debt And Equity Securities [Abstract]
Securities, carrying value	$ 295.7

XML

Consolidated Statements of Changes in Stockholders' Equity (USD $) In Thousands, except Share data	Total	Preferred Stock [Member]	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income, Net of Tax [Member]	Treasury Stock [Member]
Balance at beginning of period at Dec. 31, 2012		$ 27,662	$ 25,155	$ 164,949	$ 65,710	$ 6,607	$ (11,066)
Balance at beginning of period, shares at Dec. 31, 2012		28,000	25,154,818				(1,355,050)
Stock-based compensation				197
Net income	5,285				5,284
Other comprehensive income during the period	(332)					(333)
Purchase of treasury shares							(110)
Dividends on preferred shares					(349)
Issuance of restricted shares			81	(81)
Purchase of treasury shares, shares							(7,905)
Issuance of restricted shares, shares			81,400
Proceeds from exercise of stock options			3	13
Proceeds from exercise of stock options, shares			2,417
Accretion of fair value of warrant		91			(91)
Balance at end of period at Mar. 31, 2013	283,722	27,753	25,239	165,078	70,554	6,274	(11,176)
Balance at end of period, shares at Mar. 31, 2013		28,000	25,238,635				(1,362,955)
Balance at beginning of period at Dec. 31, 2013	316,699	28,000	26,462	189,722	83,991	(294)	(11,182)
Balance at beginning of period, shares at Dec. 31, 2013		28,000	26,461,769				(1,363,342)
Stock-based compensation				795
Net income	8,350				8,350
Other comprehensive income during the period	2,668					2,668
Repurchase of preferred stock		(28,000)
Purchase of treasury shares							(266)
Dividends on preferred shares					(286)
Issuance of restricted shares			68	(68)
Repurchase of preferred stock, shares		(28,000)
Purchase of treasury shares, shares							(13,156)
Issuance of restricted shares, shares			68,047
Proceeds from exercise of stock options			6	64
Proceeds from exercise of stock options, shares			5,755
Balance at end of period at Mar. 31, 2014	$ 300,030		$ 26,536	$ 190,513	$ 92,055	$ 2,374	$ (11,448)
Balance at end of period, shares at Mar. 31, 2014			26,535,571				(1,376,498)

XML

Investment Securities

3 Months Ended

Mar. 31, 2014

Investments Debt And Equity Securities [Abstract]

Investment Securities

NOTE 4 – INVESTMENT SECURITIES

The Company’s investment policy blends the Company’s liquidity needs and interest rate risk management with its desire to increase income and provide funds for expected growth in loans. The investment securities portfolio consists primarily of U.S. government sponsored mortgage-backed securities and agencies, state, county and municipal securities and corporate debt securities. The Company’s portfolio and investing philosophy concentrate activities in obligations where the credit risk is limited. For the small portion of the Company’s portfolio found to present credit risk, the Company has reviewed the investments and financial performance of the obligors and believes the credit risk to be acceptable.

The amortized cost and estimated fair value of investment securities available for sale at March 31, 2014, December 31, 2013 and March 31, 2013 are presented below:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in Thousands)
March 31, 2014:
U. S. government agencies	$	14,948	$	—	$	(803	)	$	14,145
State, county and municipal securities		110,331		2,724		(1,481	)		111,574
Corporate debt securities		10,307		285		(209	)		10,383
Mortgage-backed securities		319,216		4,244		(2,849	)		320,611
Total debt securities	$	454,802	$	7,253	$	(5,342	)	$	456,713
December 31, 2013:
U. S. government agencies	$	14,947	$	—	$	(1,021	)	$	13,926
State, county and municipal securities		112,659		2,269		(2,174	)		112,754
Corporate debt securities		10,311		275		(261	)		10,325
Collateralized debt obligations		1,480		—		—			1,480
Mortgage-backed securities		349,441		2,347		(4,038	)		347,750
Total debt securities	$	488,838	$	4,891	$	(7,494	)	$	486,235
March 31, 2013:
U. S. government agencies	$	5,000	$	15	$	—		$	5,015
State, county and municipal securities		110,628		5,051		(147	)		115,532
Corporate debt securities		10,542		355		(600	)		10,297
Mortgage-backed securities		188,492		5,342		(649	)		193,185
Total debt securities	$	314,662	$	10,763	$	(1,396	)	$	324,029

The amortized cost and fair value of available-for-sale securities at March 31, 2014 by contractual maturity are summarized in the table below. Expected maturities for mortgage-backed securities may differ from contractual maturities because in certain cases borrowers can prepay obligations without prepayment penalties. Therefore, these securities are not included in the following maturity summary.

	Amortized Cost		Fair Value
	(Dollars in Thousands)
Due in one year or less	$	3,088	$	3,110
Due from one year to five years		41,430		43,038
Due from five to ten years		65,798		65,210
Due after ten years		25,270		24,744
Mortgage-backed securities		319,216		320,611
	$	454,802	$	456,713

Securities with a carrying value of approximately $295.7 million serve as collateral to secure public deposits and for other purposes required or permitted by law at March 31, 2014.

The following table details the gross unrealized losses and fair value of securities aggregated by category and duration of the continuous unrealized loss position at March 31, 2014, December 31, 2013 and March 31, 2013.

	Less Than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)
March 31, 2014:
U. S. government agencies	$	9,353	$	(595	)	$	4,792	$	(208	)	$	14,145	$	(803	)
State, county and municipal securities		38,937		(1,238	)		3,612		(243	)		42,549		(1,481	)
Corporate debt securities		—		—			4,871		(209	)		4,871		(209	)
Mortgage-backed securities		55,103		(1,219	)		31,184		(1,630	)		86,287		(2,849	)
Total debt securities	$	103,393	$	(3,052	)	$	44,459	$	(2,290	)	$	147,852	$	(5,342	)
December 31, 2013:
U. S. government agencies	$	13,926	$	(1,021	)	$	—	$	—		$	13,926	$	(1,021	)
State, county and municipal securities		47,401		(1,882	)		3,794		(292	)		51,195		(2,174	)
Corporate debt securities		—		—			4,826		(261	)		4,826		(261	)
Collateralized debt obligations		—		—			—		—			—		—
Mortgage-backed securities		94,989		(2,493	)		23,388		(1,545	)		118,377		(4,038	)
Total debt securities	$	156,316	$	(5,396	)	$	32,008	$	(2,098	)	$	188,324	$	(7,494	)
March 31, 2013:
U. S. government agencies	$	—	$	—		$	—	$	—		$	—	$	—
State, county and municipal securities		19,159		(138	)		505		(9	)		19,664		(147	)
Corporate debt securities		244		(6	)		4,506		(594	)		4,750		(600	)
Mortgage-backed securities		55,189		(648	)		1,120		(1	)		56,309		(649	)
Total debt securities	$	74,592	$	(792	)	$	6,131	$	(604	)	$	80,723	$	(1,396	)

XML

Loans - Summary of Credit Quality Indicate Financial Receivable (Non-Covered Loan Portfolio) (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	$ 1,695,382	$ 1,618,454	$ 1,492,753
Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	437,269	448,753
Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	2,547	2,605
Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	31,792	34,474
Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	86,406	88,893
Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	281,529	274,442
Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	6,999	22,962
Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	27,996	25,377
Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	270,571	244,373	180,888
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	30,810	32,141
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,932	1,865
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,408	4,606
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,596	5,172
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	19,213	19,638
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	235	576
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	426	284
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	149,543	146,371	130,161
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	31,820	31,176
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	52	7
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	3,907	3,960
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	22,780	20,733
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	697	1,760
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,384	4,716
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	836,230	808,323	766,227
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	174,281	179,898
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	12,422	12,998
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	43,132	43,802
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	102,918	102,260
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	3,387	9,554
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	12,422	11,284
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	393,001	366,882	367,056
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	196,078	200,851
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	287	289
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	14,231	16,160
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	33,553	34,576
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	134,653	129,923
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	2,660	10,878
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	10,694	9,025
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	32,345	34,249	37,335
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,280	4,687
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	328	451
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	679	703
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,218	1,383
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,965	1,888
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	20	194
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	70	68
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	13,692	18,256	11,086
Other [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade

XML

Other Borrowings - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Debt Disclosure [Abstract]
Outstanding borrowings	$ 59,677	$ 194,572	$ 0

XML

Loans - Summary of Troubled Debt Restructurings by Loan Class of Covered Loans, Classified Separately Under Terms (Detail) (Covered Loans [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2014 Contract	Dec. 31, 2013 Contract	Mar. 31, 2013 Contract
Loans Currently Paying Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	101	95	76
Troubled debt restructuring loans	$ 16,960	$ 20,077	$ 20,040
Loans Currently Paying Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	5	1
Troubled debt restructuring loans	43	45	36
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	5	8
Troubled debt restructuring loans	374	3,273	5,022
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	18	15	14
Troubled debt restructuring loans	6,962	7,543	6,603
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	75	68	52
Troubled debt restructuring loans	9,576	9,206	8,373
Loans Currently Paying Under Restructured Terms [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2	1
Troubled debt restructuring loans	5	10	6
Loans That Have Defaulted Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	29	29	19
Troubled debt restructuring loans	10,840	7,187	7,516
Loans That Have Defaulted Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	40	40
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	6	2	3
Troubled debt restructuring loans	2,928	34	788
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	3	5
Troubled debt restructuring loans	4,370	3,658	4,819
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	19	23	10
Troubled debt restructuring loans	$ 3,502	$ 3,455	$ 1,909

XML

Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Summary of Accumulated Other Comprehensive Income

The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of March 31, 2014 and 2013.

(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2014	$	1,397		$	(1,691	)	$	(294	)
Reclassification for gains included in net income		—			(4	)		(4	)
Current year changes		(266	)		2,938			2,672
Balance, March 31, 2014	$	1,131		$	1,243		$	2,374

(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2013	$	(23	)	$	6,630		$	6,607
Reclassification for gains included in net income		—			(112	)		(112	)
Current year changes		208			(429	)		(221	)
Balance, March 31, 2013	$	185		$	6,089		$	6,274

XML

Assets Acquired in FDIC-Assisted Acquisitions - Schedule of Acquisition Details (Detail)	34 Months Ended
	Jul. 31, 2012 Entity
American United Bank (AUB) [Member]
Business Acquisition [Line Items]
Bank Acquired	American United Bank ("AUB")
Branches	1
Date Acquired	Oct. 23, 2009
United Security Bank (USB) [Member]
Business Acquisition [Line Items]
Bank Acquired	United Security Bank ("USB")
Branches	2
Date Acquired	Nov. 06, 2009
Satilla Community Bank (SCB) [Member]
Business Acquisition [Line Items]
Bank Acquired	Satilla Community Bank ("SCB")
Branches	1
Date Acquired	May 14, 2010
First Bank of Jacksonville (FBJ) [Member]
Business Acquisition [Line Items]
Bank Acquired	First Bank of Jacksonville ("FBJ")
Branches	2
Date Acquired	Oct. 22, 2010
Tifton Banking Company (TBC) [Member]
Business Acquisition [Line Items]
Bank Acquired	Tifton Banking Company ("TBC")
Branches	1
Date Acquired	Nov. 12, 2010
Darby Bank & Trust (DBT) [Member]
Business Acquisition [Line Items]
Bank Acquired	Darby Bank & Trust ("DBT")
Branches	7
Date Acquired	Nov. 12, 2010
High Trust Bank (HTB) [Member]
Business Acquisition [Line Items]
Bank Acquired	High Trust Bank ("HTB")
Branches	2
Date Acquired	Jul. 15, 2011
One Georgia Bank (OGB) [Member]
Business Acquisition [Line Items]
Bank Acquired	One Georgia Bank ("OGB")
Branches	1
Date Acquired	Jul. 15, 2011
Central Bank of Georgia (CBG) [Member]
Business Acquisition [Line Items]
Bank Acquired	Central Bank of Georgia ("CBG")
Branches	5
Date Acquired	Feb. 24, 2012
Montgomery Bank & Trust (MBT) [Member]
Business Acquisition [Line Items]
Bank Acquired	Montgomery Bank & Trust ("MBT")
Branches	2
Date Acquired	Jul. 06, 2012

XML

Business Combinations - Estimated Fair Value of Assumed Assets Acquired and Liabilities of Prosperity (Parenthetical) (Detail) (Prosperity Banking Company [Member], USD $) In Thousands, unless otherwise specified	0 Months Ended
	Dec. 23, 2013
As Recorded by Prosperity [Member]
Business Acquisition [Line Items]
Deferred tax asset, purchase accounting adjustments	$ 8,435
Fair Value Adjustments [Member]
Business Acquisition [Line Items]
Deferred tax asset, non-realizable portion	(6,644)
Fair value adjustment of other assets	(599)
Fair value adjustment (premium) to FHLB borrowings	12,741
Fair value adjustment to subordinated debt	$ 428

XML

Business Combinations (Tables)

3 Months Ended

Mar. 31, 2014

Business Combinations [Abstract]

Estimated Fair Value of Assets Acquired and Liabilities of Prosperity Assumed

The following table presents the assets acquired and liabilities of Prosperity assumed as of December 23, 2013 and their initial fair value estimates:

(Dollars in Thousands)	As Recorded by Prosperity			Fair Value Adjustments			As Recorded by Ameris
Assets
Cash and cash equivalents	$	4,285		$	—		$	4,285
Federal funds sold and interest-bearing balances		21,687			—			21,687
Investment securities		151,863			411	(a)		152,274
Other investments		8,727			—			8,727
Loans		487,358			(37,662	)(b)		449,696
Less allowance for loan losses		(6,811	)		6,811	(c)		—
Loans, net		480,547			(30,851	)		449,696
Other real estate owned and repossessed assets		6,883			(1,260	)(d)		5,623
Premises and equipment		36,293			—			36,293
Intangible assets		174			4,383	(e)		4,557
Other assets		26,600			1,192	(f)		27,792
Total assets	$	737,059		$	(26,125	)	$	710,934
Liabilities
Deposits:
Noninterest-bearing	$	149,242		$	—		$	149,242
Interest-bearing		324,441			—			324,441
Total deposits		473,683			—			473,683
Federal funds purchased and securities sold under agreements to repurchase		21,530			—			21,530
Other borrowings		185,000			12,313	(g)		197,313
Other liabilities		14,058			455	(h)		14,513
Subordinated deferrable interest debentures		29,500			(16,303	)(i)		13,197
Total liabilities		723,771			(3,535	)		720,236
Net identifiable assets acquired over (under) liabilities assumed		13,288			(22,590	)		(9,302	)
Goodwill		—			34,093			34,093
Net assets acquired over (under) liabilities assumed	$	13,288		$	11,503		$	24,791
Consideration:
Ameris Bancorp common shares issued		1,168,918
Purchase price per share of the Company’s common stock	$	21.07
Company common stock issued		24,629
Cash exchanged for shares		162
Fair value of total consideration transferred	$	24,791

Explanation of fair value adjustments

(a) Adjustment reflects the fair value adjustments of the available for sale portfolio as of the acquisition date.

(b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio.

(c) Adjustment reflects the elimination of Prosperity’s allowance for loan losses.

(d) Adjustment reflects the fair value adjustment based on the Company’s evaluation of the acquired OREO portfolio.

(e) Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts.

(f) Adjustment reflects the adjustment to write-off the non-realizable portion of Prosperity’s deferred tax asset of ($6.644 million), to record the deferred tax asset generated by purchase accounting adjustments of $8.435 million and to record the fair value adjustment of other assets of ($0.599 million) at the acquisition date.

(g) Adjustment reflects the fair value adjustment (premium) to the FHLB borrowings of $12.741 million and the fair value adjustment to the subordinated debt of $0.428 million.

(h) Adjustment reflects the fair value adjustment of other liabilities at the acquisition date.

(i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.