8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 28, 2021

Ameris Bancorp
(Exact Name of Registrant as Specified in Charter)
Georgia	001-13901	58-1456434
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3490 Piedmont Road N.E., Suite 1550, Atlanta, Georgia	30305
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (404) 639-6500

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $1.00 per share	ABCB	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02 Results of Operations and Financial Condition.

On October 28, 2021, Ameris Bancorp (the “Company”) issued a press release announcing its unaudited financial results for the quarter ended September 30, 2021. A copy of that press release is attached to this Current Report on Form 8-K (this “Report”) as Exhibit 99.1.

The information contained in this Item 2.02 and in Exhibit 99.1 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 7.01 Regulation FD Disclosure.

A copy of the investor presentation material that the Company will present regarding its earnings during the teleconference beginning at 9:00 a.m. Eastern time on October 29, 2021 is attached to this Report as Exhibit 99.2. The investor presentation material is also available on the “Investor Relations” page of the Company’s website (http://www.amerisbank.com).

The information contained in this Item 7.01 and in Exhibit 99.2 attached to this Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of such section. Furthermore, such information shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01     Financial Statements and Exhibits.

(d)	Exhibits.
99.1	Press release dated October 28, 2021
99.2	Investor Presentation re: 3rd Quarter 2021 Results
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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

AMERIS BANCORP
By:	/s/ Nicole S. Stokes
	Nicole S. Stokes
	Chief Financial Officer

Date: October 28, 2021

EX-99.1

Exhibit 99.1

Ameris Bancorp Announces Financial Results For Third Quarter 2021

ATLANTA, Oct. 28, 2021 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $81.7 million, or $1.17 per diluted share, for the quarter ended September 30, 2021, compared with $116.1 million, or $1.67 per diluted share, for the quarter ended September 30, 2020. The Company reported adjusted net income of $83.9 million, or $1.20 per diluted share, for the quarter ended September 30, 2021, compared with $116.9 million, or $1.69 per diluted share, for the same period in 2020. Adjusted net income excludes after-tax merger and conversion charges, servicing right valuation adjustments, restructuring charges related to branch consolidations and efficiency initiatives, certain legal expenses, gain on bank owned life insurance ("BOLI") proceeds, (gain)/loss on bank premises and expenses related to the COVID-19 pandemic.

For the year-to-date period ending September 30, 2021, the Company reported net income of $295.0 million, or $4.23 per diluted share, compared with $167.7 million, or $2.42 per diluted share, for the same period in 2020. The Company reported adjusted net income of $287.2 million, or $4.12 per diluted share, for the nine months ended September 30, 2021, compared with $198.5 million, or $2.86 per diluted share, for the same period in 2020. Adjusted net income for the year-to-date period excludes the same items listed above for the Company's quarter-to-date period.

Commenting on the Company's results, Palmer Proctor, the Company's Chief Executive Officer, said, "Our continued organic success and strong third quarter results show the strength and focus of our team of bankers. We grew loans 7% annualized, exclusive of PPP loans, while growing low cost deposits at the same pace. In addition, we had another solid quarter of tangible book value growth at 3.8% for the quarter due to the core earnings power of our Company. We remain focused on growth opportunities in the premier markets in the Southeast, which we are confident will lead us to continue to deliver top financial results. I am energized by our momentum and look forward to a strong 2022."

Significant items from the Company's results for the third quarter of 2021 include the following:

• Net income of $81.7 million, or $1.17 per diluted share, compared with $88.3 million, or $1.27 per diluted share, in the second quarter of 2021
• Growth in tangible book value of 3.8%, or $1.01 per share, to $27.46 at September 30, 2021, compared with $26.45 at June 30, 2021
• Organic growth in loans of $43.7 million, or 1.2% annualized (and $251.3 million, or 7.0% annualized, exclusive of PPP loans), during the third quarter of 2021
• Increase in net interest income, excluding accretion, of $1.3 million, from $157.4 million in the second quarter of 2021 to $158.7 million in the third quarter of 2021
• Adjusted return on average assets of 1.51%, compared with 1.63% in the second quarter of 2021
• Continued growth in noninterest bearing deposits, representing 40.44% of total deposits, up from 36.27% at December 31, 2020 and 36.79% a year ago
• Net recoveries during the third quarter of $127,000, compared to net charge-offs of $2.6 million, or 0.07% of loans, in the second quarter of 2021
• Repurchased 137,370 shares of the Company's common stock at a cost of $6.5 million, or an average price of $47.56 per share

Net Interest Income and Net Interest Margin

Net interest income on a tax-equivalent basis for the third quarter of 2021 totaled $162.8 million, compared with $163.0 million for the second quarter of 2021 and $163.9 million for the third quarter of 2020. The Company's net interest margin was 3.22% for the third quarter of 2021, down from 3.34% reported for the second quarter of 2021 and 3.64% reported for the third quarter of 2020. The decrease in net interest margin in the current quarter is attributable to excess liquidity held on the balance sheet, as the average balance in interest-bearing deposits in banks continued to increase during the quarter. The yield on earning assets declined 14 basis points due to this excess liquidity, as well as a decline in accretion income, and the decline was partially offset by improvement in the cost of interest-bearing liabilities of three basis points during the quarter and increases in average loans. Accretion income for the third quarter of 2021 decreased to $2.9 million, compared with $4.5 million for the second quarter of 2021, and $6.5 million for the third quarter of 2020. The decrease in accretion income for the third quarter is primarily attributable to decreased accelerated income related to payoffs of acquired loans during the third quarter of 2021 and continued attrition of the purchased portfolio.

Yields on loans decreased to 4.24% during the third quarter of 2021, compared with 4.33% for the second quarter of 2021 and 4.42% reported for the third quarter of 2020. Contributing to interest income on loans for the third quarter of 2021 was $6.2 million related to accelerated fee income on Paycheck Protection Program ("PPP") loan forgiveness, compared with $6.1 million in the second quarter of 2021. Loan production in the banking division during the third quarter of 2021 was $913.3 million, with weighted average yields of 3.56%, compared with $911.3 million and 3.75%, respectively, in the second quarter of 2021 and $869.0 million and 4.00%, respectively, in the third quarter of 2020. Loan production in the lines of business (including retail mortgage, warehouse lending, SBA and premium finance) amounted to an additional $5.8 billion during the third quarter of 2021, with weighted average yields of 3.37%, compared with $6.4 billion and 3.36%, respectively, during the second quarter of 2021 and $7.7 billion and 3.33%, respectively, during the third quarter of 2020.

Interest expense during the third quarter of 2021 decreased to $11.4 million, compared with $11.9 million in the second quarter of 2021 and $17.4 million in the third quarter of 2020. The Company's total cost of funds moved two basis points lower to 0.24% in the third quarter of 2021 as compared with the second quarter of 2021. Deposit costs decreased two basis points during the third quarter of 2021 to 0.11%, compared with 0.13% in the second quarter of 2021. Costs of interest-bearing deposits decreased during the quarter from 0.21% in the second quarter of 2021 to 0.18% in the third quarter of 2021.

Noninterest Income

Noninterest income decreased $12.7 million, or 14.2%, in the third quarter of 2021 to $76.6 million, compared with $89.2 million for the second quarter of 2021, primarily as a result of decreased mortgage banking activity, which declined by $13.8 million, or 19.6%, to $56.5 million in the third quarter of 2021, compared with $70.2 million for the second quarter of 2021. This decrease was primarily the result of a $18.5 million reduction in mortgage pair-off fees compared with the second quarter of 2021. Gain on sale spreads increased to 3.17% in the third quarter of 2021 from 2.77% for the second quarter of 2021. Total production in the retail mortgage division decreased to $2.06 billion in the third quarter of 2021, compared with $2.39 billion for the second quarter of 2021. Mortgage banking activity was negatively impacted during the third quarter of 2021 by a $1.4 million servicing right impairment, compared with a recovery of $749,000 for the second quarter of 2021. The retail mortgage open pipeline was $1.93 billion at the end of the third quarter of 2021, compared with $1.75 billion at June 30, 2021.

Service charge revenue increased $479,000, or 4.4%, to $11.5 million in the third quarter of 2021, compared with $11.0 million for the second quarter of 2021, resulting from an increase in volume. Other noninterest income was flat in the third quarter of 2021 at $6.9 million, compared with the second quarter of 2021, primarily as a result of increases in trust services income of $260,000, BOLI income of $217,000 and merchant fee income of $130,000, offset by a decrease in gain on sale of SBA loans of $654,000.

Noninterest Expense

Noninterest expense increased $1.4 million, or 1.1%, to $137.2 million during the third quarter of 2021, compared with $135.8 million for the second quarter of 2021. During the third quarter of 2021, the Company recorded a net loss of $1.1 million related to bank premises and merger and conversion charges of $183,000, compared with a net gain on bank premises of $236,000 during the second quarter of 2021. Excluding these charges, adjusted expenses decreased approximately $120,000, or 0.1%, to $135.9 million in the third quarter of 2021, from $136.0 million in the second quarter of 2021. The majority of this decrease is attributable to a $5.8 million reduction in salaries and employee benefits, primarily variable compensation related to mortgage production, and a $1.2 million decrease in data processing and telecommunications expense. These decreases were offset by increases in legal and other professional fees, loan servicing expenses and other mortgage expenses that are not expected to be recurring. The adjusted efficiency ratio was 56.56% in the third quarter of 2021, compared with 54.07% in the second quarter of 2021.

Income Tax Expense

The Company's effective tax rate for the third quarter of 2021 was 26.2%, compared with 23.3% in the second quarter of 2021. The increased rate for the third quarter of 2021 was primarily a result of an adjustment to the Company's state tax liability. The Company's future effective rate is expected to be between 23% and 24%.

Balance Sheet Trends

Total assets at September 30, 2021 were $22.53 billion, compared with $20.44 billion at December 31, 2020. Total loans, including loans held for sale, were $16.26 billion at September 30, 2021, compared with $15.65 billion at December 31, 2020. Total loans held for investment were $14.82 billion at September 30, 2021, compared with $14.48 billion at December 31, 2020, an increase of $343.6 million, or 2.4%. Loan production in the banking division during the third quarter of 2021 remained strong at $913.3 million, which was consistent with the second quarter of 2021 and up 5% from the third quarter of 2020.

At September 30, 2021, total deposits amounted to $18.83 billion, or 97.1% of total funding, compared with $16.96 billion and 96.8%, respectively, at December 31, 2020. At September 30, 2021, noninterest-bearing deposit accounts were $7.62 billion, or 40.4% of total deposits, compared with $6.15 billion, or 36.3% of total deposits, at December 31, 2020. Non-rate sensitive deposits (including noninterest-bearing, NOW and savings) totaled $12.01 billion at September 30, 2021, compared with $10.23 billion at December 31, 2020. These funds represented 63.8% of the Company's total deposits at September 30, 2021, compared with 60.3% at the end of 2020.

Shareholders' equity at September 30, 2021 totaled $2.90 billion, an increase of $253.7 million, or 9.6%, from December 31, 2020. The increase in shareholders' equity was primarily the result of earnings of $295.0 million during the first nine months of 2021, partially offset by dividends declared. Tangible book value per share was $27.46 at September 30, 2021, compared with $23.69 at December 31, 2020. Tangible common equity as a percentage of tangible assets was 8.88% at September 30, 2021, compared with 8.47% at the end of 2020.

Credit Quality

Credit quality remains strong in the Company. During the third quarter of 2021, the Company recorded a provision for credit losses reversal of $9.7 million, compared with a provision of $142,000 in the second quarter of 2021. This provision reversal was primarily attributable to improvements in forecast economic conditions, particularly levels of home prices and commercial real estate prices, compared with forecast conditions during the second quarter of 2021. The Company has been prudently working with borrowers to support their credit needs during the challenging economic conditions and is monitoring the level of modifications on an ongoing basis, such that loans remaining on deferral at the end of the third quarter of 2021 equaled approximately 0.6% of total loans, down from approximately 1.2% and 4.3% of total loans at the end of the second quarter of 2021 and the third quarter of 2020, respectively. Nonperforming assets as a percentage of total assets was stable at 0.32% during the quarter. The Company recorded net recoveries in the third quarter of 2021 of $127,000, such that the net charge-off ratio was zero basis points for the quarter, compared with seven basis points in the second quarter of 2021 and 10 basis points in the third quarter of 2020.

Share Repurchase Program

The Company's board of directors has also approved the extension of the share repurchase program authorized in September 2019, under which the Company was authorized to repurchase up to $100 million of its outstanding common stock. As extended, the program now allows for repurchases of shares to occur through October 31, 2022. Currently, $79,190,199 in aggregate value remains for repurchase under the program.

Conference Call

The Company will host a teleconference at 9:00 a.m. Eastern time on Friday, October 29, 2021, to discuss the Company's results and answer appropriate questions. The conference call can be accessed by dialing 1-844-200-6205 (or 1-833-950-0062 for participants in Canada and 1-929-526-1599 for other international participants). The conference call access code is 162447. A replay of the call will be available one hour after the end of the conference call until November 5, 2021. To listen to the replay, dial 1-866-813-9403. The conference replay access code is 133904. The financial information discussed will also be available on the Investor Relations page of the Ameris Bank website at ir.amerisbank.com.

About Ameris Bancorp

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. The Company's banking subsidiary, Ameris Bank, had 165 locations in Georgia, Alabama, Florida, North Carolina and South Carolina at the end of the most recent quarter.

This news release contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The Company's management uses these non-GAAP measures in its analysis of the Company's performance. These measures are useful when evaluating the underlying performance and efficiency of the Company's operations and balance sheet. The Company's management believes that these non-GAAP measures provide a greater understanding of ongoing operations, enhance comparability of results with prior periods and demonstrate the effects of significant gains and charges in the current period. The Company's management believes that investors may use these non-GAAP financial measures to evaluate the Company's financial performance without the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

This news release contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals. Words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this news release are based on current expectations and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government monetary and fiscal policy; the impact of the COVID-19 pandemic on the general economy, our customers and the allowance for loan losses; the benefits that may be realized by our customers from government assistance programs and regulatory actions related to the COVID-19 pandemic; the potential impact of the phase-out of the London Interbank Offered Rate ("LIBOR") or other changes involving LIBOR; competitive pressures on product pricing and services; the cost savings and any revenue synergies expected to result from acquisition transactions, which may not be fully realized within the expected timeframes if at all; the success and timing of other business strategies; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2020 and its subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Financial Highlights	Table 1
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep			Sep			Sep
(dollars in thousands except per share data)	2021			2021			2021			2020			2020			2021			2020
EARNINGS
Net income	$	81,680		$	88,327		$	124,962		$	94,285		$	116,145		$	294,969		$	167,703
Adjusted net income	$	83,861		$	87,548		$	115,746		$	101,995		$	116,879		$	287,155		$	198,507
COMMON SHARE DATA
Earnings per share available to common shareholders
Basic	$	1.18		$	1.27		$	1.80		$	1.36		$	1.68		$	4.25		$	2.42
Diluted	$	1.17		$	1.27		$	1.79		$	1.36		$	1.67		$	4.23		$	2.42
Adjusted diluted EPS	$	1.20		$	1.25		$	1.66		$	1.47		$	1.69		$	4.12		$	2.86
Cash dividends per share	$	0.15		$	0.15		$	0.15		$	0.15		$	0.15		$	0.45		$	0.45
Book value per share (period end)	$	41.66		$	40.66		$	39.56		$	38.07		$	36.91		$	41.66		$	36.91
Tangible book value per share (period end)	$	27.46		$	26.45		$	25.27		$	23.69		$	22.46		$	27.46		$	22.46
Weighted average number of shares
Basic	69,439,845			69,496,666			69,391,734			69,252,307			69,230,667			69,445,270			69,243,280
Diluted	69,756,135			69,791,670			69,740,860			69,493,105			69,346,141			69,772,084			69,403,104
Period end number of shares	69,635,435			69,767,209			69,713,426			69,541,481			69,490,546			69,635,435			69,490,546
Market data
High intraday price	$	53.63		$	59.85		$	57.81		$	39.53		$	27.81		$	59.85		$	43.79
Low intraday price	$	44.92		$	47.44		$	36.60		$	22.37		$	19.91		$	36.60		$	17.12
Period end closing price	$	51.88		$	50.63		$	52.51		$	38.07		$	22.78		$	51.88		$	22.78
Average daily volume	392,533			429,233			460,744			394,641			359,059			426,963			429,758
PERFORMANCE RATIOS
Return on average assets	1.47		%	1.64		%	2.44		%	1.89		%	2.33		%	1.84		%	1.18		%
Adjusted return on average assets	1.51		%	1.63		%	2.26		%	2.04		%	2.35		%	1.79		%	1.39		%
Return on average common equity	11.27		%	12.66		%	18.80		%	14.30		%	18.27		%	14.14		%	8.96		%
Adjusted return on average tangible common equity	17.65		%	19.46		%	27.66		%	25.04		%	30.53		%	21.38		%	17.84		%
Earning asset yield (TE)	3.44		%	3.58		%	3.85		%	3.98		%	4.02		%	3.62		%	4.29		%
Total cost of funds	0.24		%	0.26		%	0.30		%	0.36		%	0.41		%	0.26		%	0.60		%
Net interest margin (TE)	3.22		%	3.34		%	3.57		%	3.64		%	3.64		%	3.37		%	3.72		%
Noninterest income excluding securities transactions, as a percent of total revenue (TE)	30.32		%	33.78		%	39.71		%	38.37		%	46.72		%	34.88		%	37.74		%
Efficiency ratio	57.59		%	54.07		%	52.59		%	54.83		%	47.80		%	54.61		%	55.34		%
Adjusted efficiency ratio (TE)	56.56		%	54.07		%	54.62		%	52.67		%	47.34		%	55.05		%	52.00		%
CAPITAL ADEQUACY (period end)
Shareholders' equity to assets	12.87		%	12.96		%	12.87		%	12.95		%	12.90		%	12.87		%	12.90		%
Tangible common equity to tangible assets	8.88		%	8.83		%	8.62		%	8.47		%	8.27		%	8.88		%	8.27		%
EQUITY TO ASSETS RECONCILIATION
Tangible common equity to tangible assets	8.88		%	8.83		%	8.62		%	8.47		%	8.27		%	8.88		%	8.27		%
Effect of goodwill and other intangibles	3.99		%	4.13		%	4.25		%	4.48		%	4.63		%	3.99		%	4.63		%
Equity to assets (GAAP)	12.87		%	12.96		%	12.87		%	12.95		%	12.90		%	12.87		%	12.90		%
OTHER DATA (period end)
Full time equivalent employees
Banking Division	1,821			1,817			1,815			1,816			1,807			1,821			1,807
Retail Mortgage Division	749			759			765			748			734			749			734
Warehouse Lending Division	12			12			12			12			11			12			11
SBA Division	29			30			29			24			33			29			33
Premium Finance Division	67			68			70			71			71			67			71
Total Ameris Bancorp FTE headcount	2,678			2,686			2,691			2,671			2,656			2,678			2,656
Assets per Banking Division FTE	$	12,374		$	12,046		$	11,806		$	11,255		$	10,998		$	12,374		$	10,998
Branch locations	165			165			165			164			170			165			170
Deposits per branch location	$	114,142		$	110,655		$	108,339		$	103,401		$	94,493		$	114,142		$	94,493

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Income Statement	Table 2
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep		Sep		Sep
(dollars in thousands except per share data)	2021		2021		2021		2020		2020		2021		2020
Interest income
Interest and fees on loans	$	166,358	$	167,761	$	171,157	$	171,971	$	172,351	$	505,276	$	518,938
Interest on taxable securities	5,296		5,244		6,118		6,398		7,259		16,658		26,688
Interest on nontaxable securities	139		139		141		150		159		419		473
Interest on deposits in other banks	1,244		595		522		252		153		2,361		1,487
Interest on federal funds sold	9		12		12		12		12		33		134
Total interest income	173,046		173,751		177,950		178,783		179,934		524,747		547,720
Interest expense
Interest on deposits	5,106		5,775		6,798		8,870		11,822		17,679		50,197
Interest on other borrowings	6,279		6,124		6,175		6,457		5,574		18,578		23,226
Total interest expense	11,385		11,899		12,973		15,327		17,396		36,257		73,423
Net interest income	161,661		161,852		164,977		163,456		162,538		488,490		474,297
Provision for loan losses	(3,984)		(899)		(16,579)		(6,700)		26,692		(21,462)		132,188
Provision for unfunded commitments	(5,516)		1,299		(11,839)		5,481		(10,131)		(16,056)		13,581
Provision for other credit losses	(175)		(258)		(173)		(291)		1,121		(606)		1,121
Provision for credit losses	(9,675)		142		(28,591)		(1,510)		17,682		(38,124)		146,890
Net interest income after provision for credit losses	171,336		161,710		193,568		164,966		144,856		526,614		327,407
Noninterest income
Service charges on deposit accounts	11,486		11,007		10,829		11,465		10,914		33,322		32,680
Mortgage banking activity	56,460		70,231		98,486		95,192		138,627		225,177		278,885
Other service charges, commissions and fees	1,154		1,056		1,016		965		1,039		3,226		2,949
Gain (loss) on securities	530		1		(12)		—		—		519		5
Other noninterest income	6,932		6,945		7,654		4,521		8,438		21,531		19,838
Total noninterest income	76,562		89,240		117,973		112,143		159,018		283,775		334,357
Noninterest expense
Salaries and employee benefits	79,671		85,505		95,985		92,466		96,698		261,161		267,812
Occupancy and equipment	11,979		10,812		11,781		12,709		13,805		34,572		39,640
Data processing and communications expenses	10,681		11,877		11,884		11,323		12,226		34,442		34,694
Credit resolution-related expenses(1)	377		622		547		1,156		802		1,546		3,950
Advertising and marketing	2,676		1,946		1,431		3,267		966		6,053		4,779
Amortization of intangible assets	3,387		4,065		4,126		4,190		4,190		11,578		15,422
Merger and conversion charges	183		—		—		—		(44)		183		1,391
Other noninterest expenses	28,242		20,934		23,044		26,005		25,049		72,220		79,825
Total noninterest expense	137,196		135,761		148,798		151,116		153,692		421,755		447,513
Income before income tax expense	110,702		115,189		162,743		125,993		150,182		388,634		214,251
Income tax expense	29,022		26,862		37,781		31,708		34,037		93,665		46,548
Net income	$	81,680	$	88,327	$	124,962	$	94,285	$	116,145	$	294,969	$	167,703
Diluted earnings per common share	$	1.17	$	1.27	$	1.79	$	1.36	$	1.67	$	4.23	$	2.42
(1) Includes expenses associated with problem loans and OREO, as well as OREO losses and writedowns.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Period End Balance Sheet	Table 3
	Three Months Ended
	Sep		Jun		Mar		Dec		Sep
(dollars in thousands)	2021		2021		2021		2020		2020
Assets
Cash and due from banks	$	239,028	$	259,729	$	224,159	$	203,349	$	257,026
Federal funds sold and interest-bearing deposits in banks	3,513,412		3,044,795		2,534,969		1,913,957		494,765
Time deposits in other banks	—		—		249		249		249
Investment securities available-for-sale, at fair value	684,504		778,167		859,652		982,879		1,117,436
Investment securities held-to-maturity, at amortized cost	64,451		29,055		—		—		—
Other investments	27,619		27,621		27,620		28,202		47,329
Loans held for sale	1,435,805		1,210,589		1,509,528		1,167,659		1,414,889
Loans, net of unearned income	14,824,539		14,780,791		14,599,805		14,480,925		14,943,593
Allowance for credit losses	(171,213)		(175,070)		(178,570)		(199,422)		(231,924)
Loans, net	14,653,326		14,605,721		14,421,235		14,281,503		14,711,669
Other real estate owned	4,594		5,775		8,841		11,880		17,969
Premises and equipment, net	226,430		229,994		231,550		222,890		231,278
Goodwill	928,005		928,005		928,005		928,005		928,005
Other intangible assets, net	60,396		63,783		67,848		71,974		76,164
Cash value of bank owned life insurance	279,389		277,839		176,575		176,467		175,605
Deferred income taxes, net	4,329		9,081		22,367		33,314		53,039
Other assets	411,853		416,777		414,529		416,310		348,428
Total assets	$	22,533,141	$	21,886,931	$	21,427,127	$	20,438,638	$	19,873,851
Liabilities
Deposits
Noninterest-bearing	$	7,616,728	$	6,983,761	$	6,804,776	$	6,151,070	$	5,909,316
Interest-bearing	11,216,761		11,274,236		11,071,097		10,806,753		10,154,490
Total deposits	18,833,489		18,257,997		17,875,873		16,957,823		16,063,806
Federal funds purchased and securities sold under agreements to repurchase	4,502		5,544		9,320		11,641		9,103
Other borrowings	425,375		425,303		425,231		425,155		875,255
Subordinated deferrable interest debentures	125,830		125,331		124,833		124,345		123,860
FDIC loss-share payable, net	—		—		—		—		19,476
Other liabilities	243,175		235,752		234,274		272,586		217,668
Total liabilities	19,632,371		19,049,927		18,669,531		17,791,550		17,309,168
Shareholders' Equity
Preferred stock	—		—		—		—		—
Common stock	72,016		72,008		71,954		71,754		71,703
Capital stock	1,922,964		1,920,566		1,917,990		1,913,285		1,911,031
Retained earnings	934,979		863,828		785,984		671,510		587,657
Accumulated other comprehensive income, net of tax	21,885		25,024		26,090		33,505		37,252
Treasury stock	(51,074)		(44,422)		(44,422)		(42,966)		(42,960)
Total shareholders' equity	2,900,770		2,837,004		2,757,596		2,647,088		2,564,683
Total liabilities and shareholders' equity	$	22,533,141	$	21,886,931	$	21,427,127	$	20,438,638	$	19,873,851
Other Data
Earning assets	$	20,550,330	$	19,871,018	$	19,531,823	$	18,573,871	$	18,018,261
Intangible assets	988,401		991,788		995,853		999,979		1,004,169
Interest-bearing liabilities	11,772,468		11,830,414		11,630,481		11,367,894		11,162,708
Average assets	22,087,642		21,538,894		20,734,414		19,876,338		19,810,084
Average common shareholders' equity	2,874,691		2,798,269		2,695,005		2,622,942		2,529,471

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Asset Quality Information	Table 4
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep			Sep			Sep
(dollars in thousands)	2021			2021			2021			2020			2020			2021			2020
Allowance for Credit Losses
Balance at beginning of period	$	197,782		$	200,241		$	233,105		$	260,417		$	246,295		$	233,105		$	39,266
CECL adoption impact on allowance for loan losses	—			—			—			—			—			—			78,661
CECL adoption impact on allowance for unfunded commitments	—			—			—			—			—			—			12,714
Total CECL adoption impact	—			—			—			—			—			—			91,375
Acquired allowance for unfunded commitments	—			—			—			—			—			—			—
Provision for loan losses	(3,984)			(899)			(16,579)			(6,700)			26,692			(21,462)			132,188
Provision for unfunded commitments	(5,516)			1,299			(11,839)			5,481			(10,131)			(16,056)			13,581
Provision for other credit losses	(175)			(258)			(173)			(291)			1,121			(606)			1,121
Provision for credit losses	(9,675)			142			(28,591)			(1,510)			17,682			(38,124)			146,890
Charge-offs	3,537			7,138			7,574			29,094			7,370			18,249			25,370
Recoveries	3,664			4,537			3,301			3,292			3,810			11,502			8,256
Net charge-offs	(127)			2,601			4,273			25,802			3,560			6,747			17,114
Ending balance	$	188,234		$	197,782		$	200,241		$	233,105		$	260,417		$	188,234		$	260,417
Allowance for loan losses	$	171,213		$	175,070		$	178,570		$	199,422		$	231,924		$	171,213		$	231,924
Allowance for unfunded commitments	16,797			22,313			21,014			32,853			27,372			16,797			27,372
Allowance for other credit losses	224			399			657			830			1,121			224			1,121
Total allowance for credit losses	$	188,234		$	197,782		$	200,241		$	233,105		$	260,417		$	188,234		$	260,417
Net  Charge-off Information
Charge-offs
Commercial, financial and agricultural	$	858		$	3,529		$	2,370		$	5,960		$	1,715		$	6,757		$	4,687
Consumer installment	1,647			1,669			1,448			2,861			677			4,764			2,781
Indirect automobile	178			141			829			658			697			1,148			2,944
Premium Finance	605			1,194			1,343			2,240			1,158			3,142			3,893
Real estate - construction and development	—			186			26			—			9			212			83
Real estate - commercial and farmland	210			27			1,395			17,284			2,977			1,632			10,220
Real estate - residential	39			392			163			91			137			594			762
Total charge-offs	3,537			7,138			7,574			29,094			7,370			18,249			25,370
Recoveries
Commercial, financial and agricultural	1,986			625			727			754			470			3,338			1,135
Consumer installment	199			212			356			480			516			767			1,273
Indirect automobile	278			372			700			637			317			1,350			1,020
Premium Finance	649			2,466			1,122			605			1,224			4,237			2,584
Real estate - construction and development	45			84			167			125			182			296			692
Real estate - commercial and farmland	266			185			41			439			904			492			1,010
Real estate - residential	241			593			188			252			197			1,022			542
Total recoveries	3,664			4,537			3,301			3,292			3,810			11,502			8,256
Net charge-offs	$	(127)		$	2,601		$	4,273		$	25,802		$	3,560		$	6,747		$	17,114
Non-Performing Assets
Nonaccrual loans	$	58,932		$	59,921		$	71,189		$	76,457		$	138,163		$	58,932		$	138,163
Other real estate owned	4,594			5,775			8,841			11,880			17,969			4,594			17,969
Repossessed assets	152			226			840			544			258			152			258
Accruing loans delinquent 90 days or more	7,472			4,874			5,097			8,326			7,003			7,472			7,003
Total non-performing assets	$	71,150		$	70,796		$	85,967		$	97,207		$	163,393		$	71,150		$	163,393
Asset Quality Ratios
Non-performing assets as a percent of total assets	0.32		%	0.32		%	0.40		%	0.48		%	0.82		%	0.32		%	0.82		%
Net charge-offs as a percent of average loans (annualized)	—		%	0.07		%	0.12		%	0.70		%	0.10		%	0.06		%	0.17		%

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Loan Information	Table 5
	Sep		Jun		Mar		Dec		Sep
(dollars in thousands)	2021		2021		2021		2020		2020
Loans by Type
Commercial, financial and agricultural	$	1,217,575	$	1,406,421	$	1,611,029	$	1,627,477	$	1,879,788
Consumer installment	207,111		229,411		257,097		306,995		450,810
Indirect automobile	325,057		397,373		482,637		580,083		682,396
Mortgage warehouse	768,577		841,347		880,216		916,353		995,942
Municipal	624,430		647,578		659,228		659,403		725,669
Premium Finance	840,737		780,328		706,379		687,841		710,890
Real estate - construction and development	1,454,824		1,527,883		1,533,234		1,606,710		1,628,255
Real estate - commercial and farmland	6,409,704		6,051,472		5,616,826		5,300,006		5,116,252
Real estate - residential	2,976,524		2,898,978		2,853,159		2,796,057		2,753,591
Total loans	$	14,824,539	$	14,780,791	$	14,599,805	$	14,480,925	$	14,943,593
Troubled Debt Restructurings
Accruing troubled debt restructurings
Commercial, financial and agricultural	$	1,683	$	1,038	$	930	$	521	$	459
Consumer installment	22		28		27		32		36
Indirect automobile	1,284		1,647		1,931		2,277		2,689
Real estate - construction and development	887		898		501		506		510
Real estate - commercial and farmland	43,895		46,025		43,398		36,707		73,763
Real estate - residential	29,521		31,570		33,324		38,800		28,777
Total accruing troubled debt restructurings	$	77,292	$	81,206	$	80,111	$	78,843	$	106,234
Nonaccrual troubled debt restructurings
Commercial, financial and agricultural	$	112	$	805	$	854	$	849	$	1,002
Consumer installment	38		43		53		56		64
Indirect automobile	297		301		321		461		482
Real estate - construction and development	271		301		706		707		709
Real estate - commercial and farmland	6,715		7,103		2,233		1,401		19,942
Real estate - residential	2,687		2,515		2,818		2,671		4,477
Total nonaccrual troubled debt restructurings	$	10,120	$	11,068	$	6,985	$	6,145	$	26,676
Total troubled debt restructurings	$	87,412	$	92,274	$	87,096	$	84,988	$	132,910
Loans by Risk Grade
Grades 1 through 5 - Pass	$	14,562,058	$	14,477,905	$	14,204,219	$	14,109,418	$	14,506,555
Grade 6 - Other assets especially mentioned	87,757		100,750		135,213		108,541		151,501
Grade 7 - Substandard	174,724		202,134		260,369		262,947		285,537
Grade 8 - Doubtful	—		—		—		19		—
Grade 9 - Loss	—		2		4		—		—
Total loans	$	14,824,539	$	14,780,791	$	14,599,805	$	14,480,925	$	14,943,593

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Average Balances	Table 6
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep		Sep		Sep
(dollars in thousands)	2021		2021		2021		2020		2020		2021		2020
Earning Assets
Federal funds sold	$	20,000	$	20,000	$	20,000	$	20,000	$	20,004	$	20,000	$	23,868
Interest-bearing deposits in banks	3,082,413		2,461,092		2,145,403		879,481		467,188		2,566,401		428,386
Time deposits in other banks	—		244		249		249		249		163		249
Investment securities - taxable	757,278		811,234		910,834		1,024,335		1,160,585		825,886		1,267,015
Investment securities - nontaxable	19,053		18,225		19,225		20,112		21,619		18,834		22,010
Other investments	27,622		27,620		27,516		31,552		64,656		27,586		72,561
Loans held for sale	1,497,320		1,705,167		1,284,821		1,281,762		1,507,481		1,496,548		1,569,337
Loans	14,685,878		14,549,104		14,453,975		14,752,664		14,688,317		14,563,835		13,772,102
Total Earning Assets	$	20,089,564	$	19,592,686	$	18,862,023	$	18,010,155	$	17,930,099	$	19,519,253	$	17,155,528
Deposits
Noninterest-bearing deposits	$	7,168,717	$	6,874,471	$	6,412,268	$	5,970,672	$	5,782,163	$	6,821,256	$	4,977,833
NOW accounts	3,447,909		3,314,334		3,182,245		2,968,596		2,718,315		3,315,803		2,483,383
MMDA	4,966,492		4,872,500		4,761,279		4,534,243		4,273,899		4,867,509		4,167,207
Savings accounts	908,189		876,887		823,039		793,414		749,314		869,684		695,238
Retail CDs	1,919,184		2,005,265		2,066,410		2,109,600		2,274,150		1,996,413		2,455,833
Brokered CDs	511		1,000		1,000		1,140		1,933		835		21,650
Total Deposits	18,411,002		17,944,457		17,246,241		16,377,665		15,799,774		17,871,500		14,801,144
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase	5,133		6,883		9,284		9,929		10,483		7,085		12,849
FHLB advances	48,866		48,910		48,951		127,797		799,034		48,909		1,091,885
Other borrowings	376,489		376,376		376,260		376,295		272,443		376,376		270,407
Subordinated deferrable interest debentures	125,567		125,068		124,574		124,091		123,604		125,073		124,814
Total Non-Deposit Funding	556,055		557,237		559,069		638,112		1,205,564		557,443		1,499,955
Total Funding	$	18,967,057	$	18,501,694	$	17,805,310	$	17,015,777	$	17,005,338	$	18,428,943	$	16,301,099

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Interest Income and Interest Expense (TE)	Table 7
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep		Sep		Sep
(dollars in thousands)	2021		2021		2021		2020		2020		2021		2020
Interest Income
Federal funds sold	$	9	$	12	$	12	$	13	$	13	$	33	$	134
Interest-bearing deposits in banks	1,244		594		521		251		152		2,359		1,484
Time deposits in other banks	—		1		1		1		1		2		3
Investment securities - taxable	5,296		5,244		6,118		6,398		7,260		16,658		26,688
Investment securities - nontaxable (TE)	176		176		178		190		202		530		599
Loans held for sale	10,618		11,773		10,827		9,705		10,365		33,218		38,055
Loans (TE)	156,861		157,112		161,473		163,532		163,352		475,446		484,605
Total Earning Assets	$	174,204	$	174,912	$	179,130	$	180,090	$	181,345	$	528,246	$	551,568
Accretion income (included above)	$	2,948	$	4,462	$	6,127	$	4,688	$	6,525	$	13,537	$	22,663
Interest Expense
Interest-Bearing Deposits
NOW accounts	$	808	$	816	$	926	$	1,091	$	1,394	$	2,550	$	5,433
MMDA	1,970		1,908		1,998		2,326		2,823		5,876		16,335
Savings accounts	129		122		124		143		112		375		416
Retail CDs	2,195		2,921		3,744		5,301		7,484		8,860		27,684
Brokered CDs	4		8		6		9		9		18		329
Total Interest-Bearing Deposits	5,106		5,775		6,798		8,870		11,822		17,679		50,197
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase	4		5		7		8		9		16		74
FHLB advances	195		193		192		245		661		580		7,456
Other borrowings	4,640		4,683		4,638		4,635		3,558		13,961		10,556
Subordinated deferrable interest debentures	1,440		1,243		1,338		1,569		1,346		4,021		5,140
Total Non-Deposit Funding	6,279		6,124		6,175		6,457		5,574		18,578		23,226
Total Interest-Bearing Funding	$	11,385	$	11,899	$	12,973	$	15,327	$	17,396	$	36,257	$	73,423
Net Interest Income (TE)	$	162,819	$	163,013	$	166,157	$	164,763	$	163,949	$	491,989	$	478,145

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Yields(1)	Table 8
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep		Sep		Sep
	2021		2021		2021		2020		2020		2021		2020
Earning Assets
Federal funds sold	0.18	%	0.24	%	0.24	%	0.26	%	0.26	%	0.22	%	0.75	%
Interest-bearing deposits in banks	0.16	%	0.10	%	0.10	%	0.11	%	0.13	%	0.12	%	0.46	%
Time deposits in other banks	—	%	1.64	%	1.63	%	1.60	%	1.60	%	1.64	%	1.61	%
Investment securities - taxable	2.77	%	2.59	%	2.72	%	2.48	%	2.49	%	2.70	%	2.81	%
Investment securities - nontaxable (TE)	3.66	%	3.87	%	3.75	%	3.76	%	3.72	%	3.76	%	3.64	%
Loans held for sale	2.81	%	2.77	%	3.42	%	3.01	%	2.74	%	2.97	%	3.24	%
Loans (TE)	4.24	%	4.33	%	4.53	%	4.41	%	4.42	%	4.36	%	4.70	%
Total Earning Assets	3.44	%	3.58	%	3.85	%	3.98	%	4.02	%	3.62	%	4.29	%
Interest-Bearing Deposits
NOW accounts	0.09	%	0.10	%	0.12	%	0.15	%	0.20	%	0.10	%	0.29	%
MMDA	0.16	%	0.16	%	0.17	%	0.20	%	0.26	%	0.16	%	0.52	%
Savings accounts	0.06	%	0.06	%	0.06	%	0.07	%	0.06	%	0.06	%	0.08	%
Retail CDs	0.45	%	0.58	%	0.73	%	1.00	%	1.31	%	0.59	%	1.51	%
Brokered CDs	3.11	%	3.21	%	2.43	%	3.14	%	1.85	%	2.88	%	2.03	%
Total Interest-Bearing Deposits	0.18	%	0.21	%	0.25	%	0.34	%	0.47	%	0.21	%	0.68	%
Non-Deposit Funding
Federal funds purchased and securities sold under agreements to repurchase	0.31	%	0.29	%	0.31	%	0.32	%	0.34	%	0.30	%	0.77	%
FHLB advances	1.58	%	1.58	%	1.59	%	0.76	%	0.33	%	1.59	%	0.91	%
Other borrowings	4.89	%	4.99	%	5.00	%	4.90	%	5.20	%	4.96	%	5.21	%
Subordinated deferrable interest debentures	4.55	%	3.99	%	4.36	%	5.03	%	4.33	%	4.30	%	5.50	%
Total Non-Deposit Funding	4.48	%	4.41	%	4.48	%	4.03	%	1.84	%	4.46	%	2.07	%
Total Interest-Bearing Liabilities	0.38	%	0.41	%	0.46	%	0.55	%	0.62	%	0.42	%	0.87	%
Net Interest Spread	3.06	%	3.17	%	3.39	%	3.43	%	3.40	%	3.20	%	3.42	%
Net Interest Margin(2)	3.22	%	3.34	%	3.57	%	3.64	%	3.64	%	3.37	%	3.72	%
Total Cost of Funds(3)	0.24	%	0.26	%	0.30	%	0.36	%	0.41	%	0.26	%	0.60	%
(1) Interest and average rates are calculated on a tax-equivalent basis using an effective tax rate of 21%.
(2) Rate calculated based on average earning assets.
(3) Rate calculated based on total average funding including noninterest-bearing deposits.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations
Adjusted Net Income	Table 9A
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep			Sep			Sep
(dollars in thousands except per share data)	2021			2021			2021			2020			2020			2021			2020
Net income available to common shareholders	$	81,680		$	88,327		$	124,962		$	94,285		$	116,145		$	294,969		$	167,703
Adjustment items:
Merger and conversion charges	183			—			—			—			(44)			183			1,391
Restructuring charges	—			—			—			—			50			—			1,513
Servicing right impairment (recovery)	1,398			(749)			(10,639)			9,501			412			(9,990)			30,566
Gain on BOLI proceeds	—			—			(603)			—			(103)			(603)			(948)
Expenses related to SEC and DOJ Investigation	—			—			—			53			268			—			3,005
Natural disaster and pandemic charges (Note 1)	—			—			—			235			470			—			3,061
(Gain) loss on bank premises	1,136			(236)			(264)			(30)			(97)			636			654
Tax effect of adjustment items (Note 2)	(536)			206			2,290			(2,049)			(222)			1,960			(8,438)
After tax adjustment items	2,181			(779)			(9,216)			7,710			734			(7,814)			30,804
Adjusted net income	$	83,861		$	87,548		$	115,746		$	101,995		$	116,879		$	287,155		$	198,507
Weighted average number of shares - diluted	69,756,135			69,791,670			69,740,860			69,493,105			69,346,141			69,772,084			69,403,104
Net income per diluted share	$	1.17		$	1.27		$	1.79		$	1.36		$	1.67		$	4.23		$	2.42
Adjusted net income per diluted share	$	1.20		$	1.25		$	1.66		$	1.47		$	1.69		$	4.12		$	2.86
Average assets	$	22,087,642		$	21,538,894		$	20,734,414		$	19,876,338		$	19,810,084		$	21,462,501		$	19,045,028
Return on average assets	1.47		%	1.64		%	2.44		%	1.89		%	2.33		%	1.84		%	1.18		%
Adjusted return on average assets	1.51		%	1.63		%	2.26		%	2.04		%	2.35		%	1.79		%	1.39		%
Average common equity	$	2,874,691		$	2,798,269		$	2,695,005		$	2,622,942		$	2,529,471		$	2,789,979		$	2,500,689
Average tangible common equity	$	1,884,622		$	1,804,324		$	1,696,946		$	1,620,742		$	1,523,066		$	1,795,984		$	1,486,579
Return on average common equity	11.27		%	12.66		%	18.80		%	14.30		%	18.27		%	14.14		%	8.96		%
Adjusted return on average tangible common equity	17.65		%	19.46		%	27.66		%	25.04		%	30.53		%	21.38		%	17.84		%
Note 1:  Pandemic charges include "thank you" pay for certain employees, additional sanitizing expenses at our locations, protective equipment for our employees and branch locations, and additional equipment required to support our remote workforce.
Note 2:  Tax effect is calculated utilizing a 21% rate for taxable adjustments.  Gain on BOLI proceeds is non-taxable and no tax effect is included.  A portion of the merger and conversion charges for 3Q21, 3Q20 and both year-to-date periods are nondeductible for tax purposes.

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Non-GAAP Reconciliations (continued)
Adjusted Efficiency Ratio (TE)	Table 9B
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep			Sep			Sep
(dollars in thousands)	2021			2021			2021			2020			2020			2021			2020
Adjusted Noninterest Expense
Total noninterest expense	$	137,196		$	135,761		$	148,798		$	151,116		$	153,692		$	421,755		$	447,513
Adjustment items:
Merger and conversion charges	(183)			—			—			—			44			(183)			(1,391)
Restructuring charges	—			—			—			—			(50)			—			(1,513)
Expenses related to SEC and DOJ Investigation	—			—			—			(53)			(268)			—			(3,005)
Natural disaster and pandemic charges	—			—			—			(235)			(470)			—			(3,061)
Gain (loss) on bank premises	(1,136)			236			264			30			97			(636)			(654)
Adjusted noninterest expense	$	135,877		$	135,997		$	149,062		$	150,858		$	153,045		$	420,936		$	437,889
Total Revenue
Net interest income	$	161,661		$	161,852		$	164,977		$	163,456		$	162,538		$	488,490		$	474,297
Noninterest income	76,562			89,240			117,973			112,143			159,018			283,775			334,357
Total revenue	$	238,223		$	251,092		$	282,950		$	275,599		$	321,556		$	772,265		$	808,654
Adjusted Total Revenue
Net interest income (TE)	$	162,819		$	163,013		$	166,157		$	164,763		$	163,949		$	491,989		$	478,145
Noninterest income	76,562			89,240			117,973			112,143			159,018			283,775			334,357
Total revenue (TE)	239,381			252,253			284,130			276,906			322,967			775,764			812,502
Adjustment items:
(Gain) loss on securities	(530)			(1)			12			—			—			(519)			(5)
Gain on BOLI proceeds	—			—			(603)			—			(103)			(603)			(948)
Servicing right impairment (recovery)	1,398			(749)			(10,639)			9,501			412			(9,990)			30,566
Adjusted total revenue (TE)	$	240,249		$	251,503		$	272,900		$	286,407		$	323,276		$	764,652		$	842,115
Efficiency ratio	57.59		%	54.07		%	52.59		%	54.83		%	47.80		%	54.61		%	55.34		%
Adjusted efficiency ratio (TE)	56.56		%	54.07		%	54.62		%	52.67		%	47.34		%	55.05		%	52.00		%
Tangible Book Value Per Share	Table 9C
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep			Sep			Sep
(dollars in thousands except per share data)	2021			2021			2021			2020			2020			2021			2020
Total shareholders' equity	$	2,900,770		$	2,837,004		$	2,757,596		$	2,647,088		$	2,564,683		$	2,900,770		$	2,564,683
Less:
Goodwill	928,005			928,005			928,005			928,005			928,005			928,005			928,005
Other intangibles, net	60,396			63,783			67,848			71,974			76,164			60,396			76,164
Total tangible shareholders' equity	$	1,912,369		$	1,845,216		$	1,761,743		$	1,647,109		$	1,560,514		$	1,912,369		$	1,560,514
Period end number of shares	69,635,435			69,767,209			69,713,426			69,541,481			69,490,546			69,635,435			69,490,546
Book value per share (period end)	$	41.66		$	40.66		$	39.56		$	38.07		$	36.91		$	41.66		$	36.91
Tangible book value per share (period end)	$	27.46		$	26.45		$	25.27		$	23.69		$	22.46		$	27.46		$	22.46

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting	Table 10
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep		Sep		Sep
(dollars in thousands)	2021		2021		2021		2020		2020		2021		2020
Banking Division
Net interest income	$	113,524	$	110,670	$	112,816	$	112,964	$	119,562	$	337,010	$	358,267
Provision for credit losses	(9,578)		(3,949)		(23,904)		1,847		487		(37,431)		123,289
Noninterest income	17,896		16,171		16,738		15,659		15,265		50,805		47,506
Noninterest expense
Salaries and employee benefits	40,020		37,814		42,723		38,668		39,718		120,557		121,762
Occupancy and equipment expenses	10,196		9,050		10,120		10,958		11,955		29,366		33,981
Data processing and telecommunications expenses	9,159		10,280		10,201		9,608		9,716		29,640		29,432
Other noninterest expenses	21,723		18,763		19,710		25,806		21,517		60,196		80,159
Total noninterest expense	81,098		75,907		82,754		85,040		82,906		239,759		265,334
Income before income tax expense	59,900		54,883		70,704		41,736		51,434		185,487		17,150
Income tax expense	17,784		14,196		18,456		13,992		13,453		50,436		5,146
Net income	$	42,116	$	40,687	$	52,248	$	27,744	$	37,981	$	135,051	$	12,004
Retail Mortgage Division
Net interest income	$	21,289	$	22,533	$	18,984	$	19,908	$	20,393	$	62,806	$	62,451
Provision for credit losses	1,678		5,647		(4,553)		(1,621)		15,051		2,772		17,471
Noninterest income	55,555		69,055		97,640		94,109		137,583		222,250		276,147
Noninterest expense
Salaries and employee benefits	36,373		44,798		49,838		50,165		53,500		131,009		134,600
Occupancy and equipment expenses	1,590		1,553		1,476		1,577		1,676		4,619		5,133
Data processing and telecommunications expenses	1,357		1,435		1,546		1,534		2,349		4,338		4,741
Other noninterest expenses	11,675		7,638		8,189		7,442		7,889		27,502		20,713
Total noninterest expense	50,995		55,424		61,049		60,718		65,414		167,468		165,187
Income before income tax expense	24,171		30,517		60,128		54,920		77,511		114,816		155,940
Income tax expense	5,076		6,408		12,627		11,535		16,112		24,111		32,751
Net income	$	19,095	$	24,109	$	47,501	$	43,385	$	61,399	$	90,705	$	123,189
Warehouse Lending Division
Net interest income	$	8,712	$	8,720	$	9,906	$	9,017	$	6,546	$	27,338	$	14,874
Provision for credit losses	(291)		(155)		(145)		1,673		495		(591)		889
Noninterest income	1,037		1,333		980		1,113		1,064		3,350		2,751
Noninterest expense
Salaries and employee benefits	264		278		330		296		266		872		685
Occupancy and equipment expenses	—		1		1		1		1		2		3
Data processing and telecommunications expenses	59		68		49		101		73		176		169
Other noninterest expenses	200		30		33		26		28		263		150
Total noninterest expense	523		377		413		424		368		1,313		1,007
Income before income tax expense	9,517		9,831		10,618		8,033		6,747		29,966		15,729
Income tax expense	1,999		2,064		2,230		1,687		1,431		6,293		3,317
Net income	$	7,518	$	7,767	$	8,388	$	6,346	$	5,316	$	23,673	$	12,412

AMERIS BANCORP AND SUBSIDIARIES
FINANCIAL TABLES
Segment Reporting (continued)	Table 10
	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep		Sep		Sep
(dollars in thousands)	2021		2021		2021		2020		2020		2021		2020
SBA Division
Net interest income	$	10,699	$	12,882	$	16,635	$	14,909	$	8,966	$	40,216	$	18,181
Provision for credit losses	(1,104)		(607)		(547)		(2,997)		4,297		(2,258)		5,716
Noninterest income	2,070		2,677		2,611		1,247		5,106		7,358		7,953
Noninterest expense
Salaries and employee benefits	1,320		937		1,382		1,233		1,572		3,639		5,660
Occupancy and equipment expenses	116		132		106		100		97		354		291
Data processing and telecommunications expenses	18		—		1		1		4		19		32
Other noninterest expenses	370		284		295		363		595		949		1,469
Total noninterest expense	1,824		1,353		1,784		1,697		2,268		4,961		7,452
Income before income tax expense	12,049		14,813		18,009		17,456		7,507		44,871		12,966
Income tax expense	2,530		3,111		3,782		3,666		1,577		9,423		2,723
Net income	$	9,519	$	11,702	$	14,227	$	13,790	$	5,930	$	35,448	$	10,243
Premium Finance Division
Net interest income	$	7,437	$	7,047	$	6,636	$	6,658	$	7,071	$	21,120	$	20,524
Provision for credit losses	(380)		(794)		558		(412)		(2,648)		(616)		(475)
Noninterest income	4		4		4		15		—		12		—
Noninterest expense
Salaries and employee benefits	1,694		1,678		1,712		2,104		1,642		5,084		5,105
Occupancy and equipment expenses	77		76		78		73		76		231		232
Data processing and telecommunications expenses	88		94		87		79		84		269		320
Other noninterest expenses	897		852		921		981		934		2,670		2,876
Total noninterest expense	2,756		2,700		2,798		3,237		2,736		8,254		8,533
Income before income tax expense	5,065		5,145		3,284		3,848		6,983		13,494		12,466
Income tax expense	1,633		1,083		686		828		1,464		3,402		2,611
Net income	$	3,432	$	4,062	$	2,598	$	3,020	$	5,519	$	10,092	$	9,855
Total Consolidated
Net interest income	$	161,661	$	161,852	$	164,977	$	163,456	$	162,538	$	488,490	$	474,297
Provision for credit losses	(9,675)		142		(28,591)		(1,510)		17,682		(38,124)		146,890
Noninterest income	76,562		89,240		117,973		112,143		159,018		283,775		334,357
Noninterest expense
Salaries and employee benefits	79,671		85,505		95,985		92,466		96,698		261,161		267,812
Occupancy and equipment expenses	11,979		10,812		11,781		12,709		13,805		34,572		39,640
Data processing and telecommunications expenses	10,681		11,877		11,884		11,323		12,226		34,442		34,694
Other noninterest expenses	34,865		27,567		29,148		34,618		30,963		91,580		105,367
Total noninterest expense	137,196		135,761		148,798		151,116		153,692		421,755		447,513
Income before income tax expense	110,702		115,189		162,743		125,993		150,182		388,634		214,251
Income tax expense	29,022		26,862		37,781		31,708		34,037		93,665		46,548
Net income	$	81,680	$	88,327	$	124,962	$	94,285	$	116,145	$	294,969	$	167,703

CONTACT: Nicole S. Stokes, Chief Financial Officer, (404) 240-1514

EX-99.2

3rd Quarter 2021 Results Investor Presentation Exhibit 99.2

Cautionary Statements 1 This presentation contains forward-looking statements, as defined by federal securities laws, including, among other forward-looking statements, certain plans, expectations and goals. Words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, as well as similar expressions, are meant to identify forward-looking statements. The forward-looking statements in this presentation are based on current expectations and are provided to assist in the understanding of potential future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements, including, without limitation, the following: general competitive, economic, unemployment, political and market conditions and fluctuations, including real estate market conditions, and the effects of such conditions and fluctuations on the creditworthiness of borrowers, collateral values, asset recovery values and the value of investment securities; movements in interest rates and their impacts on net interest margin; expectations on credit quality and performance; legislative and regulatory changes; changes in U.S. government monetary and fiscal policy; the impact of the COVID-19 pandemic on the general economy, our customers and the allowance for loan losses; the benefits that may be realized by our customers from government assistance programs and regulatory actions related to the COVID-19 pandemic; the potential impact of the phase-out of the London Interbank Offered Rate (“LIBOR”) or other changes involving LIBOR; competitive pressures on product pricing and services; the cost savings and any revenue synergies expected to result from acquisition transactions, which may not be fully realized within the expected timeframes if at all; the success and timing of other business strategies; our outlook and long-term goals for future growth; and natural disasters, geopolitical events, acts of war or terrorism or other hostilities, public health crises and other catastrophic events beyond our control. For a discussion of some of the other risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and its subsequently filed periodic reports and other filings. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements.  

Ameris Profile Operating Strength Diversification Historically top quartile return on assets (> 1.50% ROA for last three years) Focus on expense control and improved operating efficiency Strong liquidity and continued funding opportunities Culture of disciplined banking Summary Experienced executive team with an average of 27 years banking experience in our market area Largest publicly traded bank headquartered in Atlanta, Georgia Premier Southeastern markets with attractive core deposit base Skills and leadership to continue to grow organically Capital levels to support opportunistic transactions Geographic diversification Diversified loan portfolio across product lines CRE concentrations are moderate Conservative credit culture with low levels of NPAs 2

3rd Quarter 2021 Financial Results

Earnings Summary 4 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

3Q 2021 Operating Highlights 5 Net income of $81.7 million, or $1.17 per diluted share Adjusted net income(1) of $83.9 million, or $1.20 per diluted share Organic loan growth of $43.7 million, or 1% annualized (and $251.3 million, or 7.0% annualized, exclusive of PPP loans), during 3Q21 Adjusted efficiency ratio(1) of 56.56%, compared with 54.07% in 2Q21 Adjusted ROA(1) of 1.51%, compared with 1.63% in 2Q21 Adjusted ROTCE(1) of 17.65%, compared with 19.46% in 2Q21 Net interest margin of 3.22%, compared with 3.34% in 2Q21; decrease is mostly attributable to an increase in excess liquidity held on the balance sheet TBV (1) increased $1.01 per share to $27.46 per share, compared with $26.45 at the end of 2Q21 Non-performing assets were stable at 0.32% of total assets, consistent with June 30, 2021 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

3Q21 YTD Operating Highlights 6 Net income of $295.0 million, or $4.23 per diluted share Adjusted net income(1) of $287.2 million, or $4.12 per diluted share Adjusted efficiency ratio(1) of 55.05%, compared with 52.00% for YTD 2020 Adjusted ROA(1) of 1.79%, compared with 1.39% for YTD 2020 Adjusted ROTCE(1) of 21.38%, compared with 17.84% for YTD 2020 Net interest margin of 3.37%, compared with 3.72% for YTD 2020; decrease attributable to excess liquidity held on the balance sheet YTD 2021 Organic loan growth of $343.6 million, or 3.2% annualized (and $890.8 million, or 8.7%, exclusive of PPP loans),YTD 2021 Non-performing assets decreased 16 basis points to 0.32% of total assets, compared with 0.48% at December 31, 2020 Improvement in deposit mix such that noninterest-bearing deposits represent 40.44% of total deposits, up from 36.27% at 4Q20 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

Operating Highlights 7 Considered a Non-GAAP measure – See reconciliation of GAAP to Non-GAAP measures in Appendix Growth rates are annualized for the applicable periods

Net Interest Margin 8 Average earning assets up $496.9 million, while spread income decreased $194,000 compared with 2Q21 Margin down 12bps from 2Q21: 8bps due to growth in excess liquidity 3bps from $2 million decline in PPP income ($8.6 million in 3Q21 compared with $10.7 million in 2Q21) 3bps from decrease in accretion income Offset by 2bps improvement in funding costs Growth in noninterest bearing deposits during the first quarter such that noninterest bearing deposits are over 40% of total deposits at quarter end Excluding accretion and PPP income, net interest income increased $3.4 million in 3Q21 compared to 2Q21: Excludes the impact of excess liquidity (average interest-bearing cash balances above $500 million) Spread Income and Margin:

Noninterest Income 9 Noninterest Income Mortgage banking Revenue decreased $13.8 million, or 19.6%, in 3Q21 compared with 2Q21 Production decreased $335.3 million, or 14.0%, over the same period Gain on sale margin increased to 3.17% in 3Q21 compared with 2.77% in 2Q21 SBA Gain on sale of loans decreased 28.9% in 3Q21 compared with 2Q21 due to a decrease in volume of loans sold Other noninterest income Increase in BOLI income of $217,000 compared with 2Q21 Increase in securities gains of $529,000 related to the sale of one security Noninterest Income Highlights: Noninterest Income Trends

Expenses Adjusted Operating Expenses and Efficiency Ratio(1) OPEX Highlights: 10 Total adjusted operating expenses decreased $120,000 in 3Q21 compared with 2Q21 Increase of $3.6 million in 3Q21 Banking division operating expenses primarily due to: $2.2 million increase in salaries and employee benefits primarily related to a decrease in deferred origination costs and increased stock-based compensation resulting from expected performance levels $739,000 increase in advertising and marketing expenses $493,000 increase in leasehold depreciation resulting from accelerated exit of a leased location for efficiency Lines of business operating expenses decreased $3.8 million primarily due to variable costs (primarily commissions and incentives) driven by decreased mortgage production partially offset by certain mortgage expenses in Q3 that are not expect to be recurring Continue to drive expense control behaviors throughout the Company to fund future technology and innovation costs 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

Retail Mortgage Division Details 11 Rationalization and Stabilization of Mortgage Operations: Retail mortgage originations represents 17% of the Company’s adjusted pre-provision, pre-tax income for 3Q21, down from 49% this time last year Approximately 80% of costs are variable costs relative to production: 14% reduction in production from 2Q21 to 3Q21 coincides with 8% reduction in noninterest expense over the same time period Gain on sale margins returned to normalized levels in 2021 the reduction compared with 3Q20 does not impact variable costs full impact of gain on sale contraction was absorbed in 3Q21 and 2Q21 efficiency ratios Purchase % is returning closer to normal levels Historically ran 85-90% purchase activity Two most recent quarters are 62% and 61% as refi boom is slowing, compared with 48% this time last year Consistent purchase business due to strong core relationships with builders and realtors

Balance Sheet Trends 12

Capital and TBV Consistent Growth in TBV Steady Capital Levels Support Growth Rate 13 Management remains focused on growth in TBV TBV increased $1.01 per share in 3Q21: $1.02 from retained earnings ($0.01) from all other items including stock compensation, share repurchases and OCI TBV increased $5.00 per share, or 22.3%, compared with 3Q20 TCE / TA at quarter end of 8.88%, up from 8.83% at the end of 2Q21 primarily due to retained earnings PPP loans impacted TCE/TA by 12bps at quarter end; Excess liquidity impacted TCE/TA by 144bps at quarter end Proforma TCE/TA excluding PPP and excess liquidity of 10.48% 3Q21 Adjusted ROTCE of 17.65% 1 – Considered Non-GAAP measures – See reconciliation of GAAP to Non-GAAP measures in Appendix

Loan Diversification and Credit Quality

Diversified Loan Portfolio 3Q21 Loan Portfolio 15 Loan portfolio is well diversified across loan types & geographies C&I loans represent third-largest category of loans PPP loans totaled $280.4 million at 3Q21, which added ~2% to this category Average loan size is $110.3 thousand across all loan types Loan growth for 3Q21 was 0.3%. Annualized, loan growth was 1.2% CRE and C&D concentrations are 253% and 61%, respectively, at 3Q21 Participations purchased remain < 1% of loans

Loan Growth 3Q21 Loan Balance Changes 16 3Q21 net loan growth was $43.7 million, even as PPP loan forgiveness ($207.5 million) and Indirect amortization ($72.3 million) produced headwinds to growth. Net of PPP, loan growth was $251.3 million, or 7.0% annualized. Growth was primarily driven by Investor CRE and Residential Mortgages. Almost 40% ($136.0 million) of CRE growth was attributable to a change from the Construction category (C&D) as projects were completed during the quarter.

Allowance for Loan Losses 17 The ALL totaled $171.2 million at 3Q21, a net decrease of $3.9 million, or 2% from 2Q21 The reserve for unfunded commitments totaled $16.8 million, a decrease of $5.5 million, or 25% from 2Q21 During 3Q21, we reversed $9.7 million of previously-recorded provision expense, primarily the result of lower specific reserves on individually-evaluated loans and stabilizing forecast models The 3Q21 ALL equated to 1.15% of total loans and 1.18%, net of PPP loans. The ACL totaled $188.0 million, or 1.01% of total loans + unfunded commitments 3Q21 CECL Reserve

18 COVID-19 Response 3Q21 COVID-related Payment Extensions As a % of Portfolio Volume Active COVID deferrals totaled $90.7 million, or 0.6% of Total Loans The largest remaining category of active deferrals is SFR Mortgages at $51.0 million, or 56% of the total SBA’s Paycheck Protection Program – 4,251 total customers with balances totaling $280.4 million, excluding unearned fees During 3Q21, we received $216.3 million in forgiveness proceeds on existing PPP loans and extended $1.3 million in new loans under PPP2 Of the total PPP loans, 3,826 loans (90% of total) for $120.6 million were < $150,000, which is currently the SBA’s threshold for the streamlined forgiveness process

NPA / Charge-Off Trend 19 Non-Performing Assets (“NPAs”) increased $0.3 million, to $71.1 million at 3Q21, primarily as a result of: $2.6 million increase in 90+ past due loans Continued success with OREO sales, resulting in a net reduction of $1.3 million As a percentage of Total Assets, Total NPAs were stable at 0.32% Net Charge-Offs (“NCOs”) totaled ($127,000) in 3Q21, which equated to an annualized NCO ratio of 0.00% for the quarter and 0.06% YTD Decreasing Non-Performing Assets Low Net Charge-Offs

Problem Loan Trends 20 Total Classified Loans decreased $27.4 million, primarily the result of improved financial performance and lower deferrals in the hotel sector. Criticized Loans (Special Mention + Classified) decreased $40.4 million Non-Performing Loans increased $1.6 million to $66.4 million, primarily as a result of higher 90+ past due loans

Hotel Exposure 21 Hotel exposure totaled $463.0 million at 3Q21, a reduction of $54.3 million from 2Q21. Hotel loans represented 3.1% of Total Loans. Approximately 14% of total committed exposure was guaranteed by US Government Agencies (SBA or USDA) Top-Tier brands represent > 80% of exposure. All National brands totaled > 93% of committed balances. Approximately 79% of exposure was located within the Bank’s primary MSAs Approximately $49.3 million in loans are on the Bank’s watch list due to continued weakness in the sector, which represents a decrease of $37.9 million from 2Q21. Only $4.9 million remained under a COVID-related deferral The portion of the ALL attributable to the hotel portfolio totaled $18.2 million, or 3.9% of the outstanding balance

Investor CRE Loans 22 Approximately 94% of CRE loans are concentrated within our five-state footprint, primarily in the Bank’s primary MSAs of Atlanta, Jacksonville, Orlando, Charleston, Tampa and Greenville

Commercial Real Estate Production 3Q21 Commercial Real Estate Production Summary: 23 3Q21 Construction and Development Loan Production Summary: 3Q21 production of C&D and CRE loans - $1.21 billion in total committed exposure Residential Real Estate Construction: Spec/model to pre-sold ratio of 0.5:1 Total spec loans at low average loan size of $290.1 thousand Investor CRE 3Q21 production: Production totaled $804.5 million Weighted Average 1.72:1 debt service coverage Weighted Average 63.0% loan/value Summary of CRE Production by Collateral State-

Appendix

25 Reconciliation of GAAP to Non-GAAP Measures

26 Reconciliation of GAAP to Non-GAAP Measures

27 Reconciliation of GAAP to Non-GAAP Measures

Ameris Bancorp Press Release & Financial Highlights September 30, 2021

XML

Document And Entity Information	Oct. 28, 2021
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 28, 2021
Entity File Number	001-13901
Entity Registrant Name	Ameris Bancorp
Entity Central Index Key	0000351569
Entity Tax Identification Number	58-1456434
Entity Incorporation, State or Country Code	GA
Entity Address, Address Line One	3490 Piedmont Road N.E.
Entity Address, Address Line Two	Suite 1550
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30305
City Area Code	404
Local Phone Number	639-6500
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	ABCB
Security Exchange Name	NASDAQ