Ameris Bancorp Reports Net Income Of $6.7 Million For Second Quarter 2013

  Ameris Bancorp Reports Net Income Of $6.7 Million For Second Quarter 2013

PR Newswire

MOULTRIE, Ga., July 18, 2013

MOULTRIE, Ga., July 18, 2013 /PRNewswire/ --AMERIS BANCORP (NASDAQ-GS: ABCB),
today reported net income available to common shareholders of $6.2 million, or
$0.26 per diluted share, for the quarter ended June 30, 2013, compared to $1.7
million, or $0.07 per diluted share, for the quarter ended June 30, 2012. For
the year to date period ending June 30, 2013, the Company reported net income
available to common shareholders of $11.1 million, or $0.46 per diluted share,
compared to $6.2 million, or $0.26 per diluted share, for the same period in
2012. Commenting on the Company's quarterly results, Edwin W. Hortman, Jr.,
the Company's President and Chief Executive Officer, said, "The positive
trends on loan and revenue growth continue to ramp. These trends coupled with
improved operating expense control and lower levels of credit costs resulted
in a much improved return on average assets of 0.95% in the second quarter of
2013 compared to 0.34% for the second quarter of 2012."

(Logo: http://photos.prnewswire.com/prnh/20051117/CLTH039LOGO )

Highlights of the results for the second quarter of 2013 include the
following:

  oNet income available to common shareholders increased 28.7% compared to
    the first quarter of 2013.
  oReturn on average assets and return on average tangible equity increased
    to 0.95% and 10.66%, respectively.
  oTotal revenue increased to $43.3 million in the second quarter of 2013
    compared to $41.9 million in the second quarter in 2012.
  oThe Company's net interest margin was 4.96% in the second quarter of 2013,
    compared to 4.66% in the second quarter of 2012 and 4.79% in the first
    quarter of 2013.
  oNon-covered loans increased by $63.1 million during the quarter.
  oTangible common equity to tangible assets increased to 9.15% at June 30,
    2013, compared to 8.83% at March 31, 2013.
  oTotal non-covered classified assets decreased 8.8% compared to March 31,
    2013.
  oNoninterest income was $11.4 million, compared to $8.9 million in the
    second quarter of 2012.

Operating Results
Net income in the second quarter of 2013 totaled $6.7 million before preferred
dividends, an increase of 167.7% compared to the same quarter in 2012. For
the year to date period, the Company's earnings before preferred dividends
were $12.0 million, compared to $7.9 million in the year to date period in
2012. Return on average assets and average tangible common equity increased
to 0.95% and 10.66%, respectively, in the second quarter of 2013 compared to
0.34% and 4.12%, respectively, in the same quarter of 2012.

Net Interest Income and Net Interest Margin
Net interest income for the second quarter of 2013 totaled $29.5 million, an
increase of $595,000, or 2.1%, compared to the $28.9 million reported for the
second quarter of 2012. The Company's net interest margin increased during
the quarter to 4.96%, compared to 4.66% during the second quarter of 2012.

Yields on earning assets in the second quarter of 2013 were 5.38%, compared to
5.21% in the first quarter of 2013 and compared to 5.33% in the second quarter
in 2012. An improving mix of earning assets, more heavily concentrated in
loans, helped offset declining yields on the Company's loan portfolio.
Average loans comprised 84.1% of average earning assets in the second quarter
of 2013, compared to 79.0% in the second quarter of 2012.

Yields on legacy loans for the second quarter of 2013 were 5.42%, compared to
5.75% in the same quarter in 2012. Production yields in the most recent
quarter were 5.01%, compared to 5.43% in the second quarter of 2012. While
yields on production of new and renewed loans are below current portfolio
yields, management anticipates the revenue impact to be muted as they expect
continued growth in total loans and less interest rate pressure due to a
recent increase in interest rates.

Declines in legacy loan yields were partially offset by increases in yields on
covered loans. Covered loan yields increased to 8.18% in the second quarter
of 2013, compared to 7.22% in the same quarter of 2012. Continued resolution
of problem credits and shorter amortization periods led to higher than
expected accretion on covered assets.

The Company continued to experience savings on deposit costs, albeit at a
slower pace than what had been experienced in the recent past. Total costs of
deposits fell to 0.34%, compared to 0.36% in the first quarter of 2013 and
0.56% in the second quarter of 2012. Savings on time deposits were most
significant, with CD costs falling from 1.12% in the second quarter of 2012 to
0.74% in the second quarter of 2013. Additional savings have been achieved
from improvement in the deposit mix, with time deposits representing only
27.5% of total deposits in the current quarter in 2013, compared to 32.4% in
the second quarter of 2012.

Non-interest Income
Non-interest income in the second quarter of 2013 improved to $11.4 million,
compared to $8.9 million in the same quarter of 2012. The Company's mortgage
operations continued to grow during the second quarter of 2013, as mortgage
revenues increased to $5.0 million for the quarter, compared to $3.0 million
for the same quarter of 2012. Purchase mortgage originations accounted for
70% of the Company's total mortgage business in the second quarter of 2013,
compared to 61% in the first quarter of 2013 and 64% in the second quarter of
2012. Commenting on mortgage activity, Mr. Hortman added, "Mortgage revenues
have been growing consistently as we build our ranks of producers, focusing
mostly on those with good realtor or builder relationships. While we are
cautious about the impact of higher rates, we believe our emphasis on purchase
transactions will help sustain our revenues in the higher rate environment."
The Company reported that the average number of daily applications taken thus
far in the third quarter of 2013 has been only 4% lower than the average
during the second quarter of 2013.

Non-interest Expense
Total operating expenses for the second quarter of 2013 were mostly unchanged
at $26.7 million, compared to $26.6 million for the same quarter of 2012.
Salaries and benefits increased to $13.4 million in the current quarter of
2013, compared to $12.1 million in the same quarter in 2012, as commissions
and support costs in the Company's mortgage operations increased commensurate
with the increase in revenues. Excluding compensation costs in the Company's
mortgage operations, salaries and benefits declined to $10.5 million in the
second quarter of 2013, compared to $11.0 million in the first quarter of 2013
and $10.7 million in the second quarter of 2012.

Increases in compensation costs were offset by declines in non-provision
credit-related costs, which fell from $3.4 million in the second quarter of
2012 to $2.3 million in the second quarter of 2013. Occupancy and equipment
costs, as well as data processing and telecommunications expense, were steady
compared to prior year levels. Other operating expenses for the current
quarter of 2013 were $4.5 million. These expenses benefitted from a net gain
on the sale of fixed assets totaling $227,000, declines in FDIC insurance
expense of $590,000 and savings realized in delivery costs of $112,000.

Savings from the Company's restructuring efforts are evident in the Company's
operating expenses (exclusive of variable mortgage expenses and non-provision
credit costs). As shown below, the Company's core operating expenses have
fallen 11.4% on a quarterly basis since the third quarter of 2012 when the
Company's restructuring plan was first announced. Additional savings expected
in future quarters hinge on successful implementation of certain technology
and continued improvements in credit quality, both of which are proceeding
according to plan.



                Three Months Ended                           Six Months Ended
                Jun.     Mar.     Dec.     Sept.    Jun.     Jun.     Jun.
                2013     2013     2012     2012     2012     2013     2012
Total Operating 26,688   28,884   29,791   28,810   26,623   55,572   60,869
Expenses
Less: Credit
related         (2,349)  (4,844)  (2,548)  (3,706)  (3,423)  (7,193)  (16,162)
expenses
 Less:
Mortgage        (4,717)  (3,721)  (3,589)  (2,958)  (1,861)  (8,438)  (3,344)
related
expenses
Core Operating
Expenses -      19,622   20,319   23,654   22,146   21,339   39,941   41,363
Ameris Bank
Reported
Efficiency      65.32%   72.76%   71.85%   75.68%   70.51%   68.98%   65.63%
Ratio
Operating
efficiency net  59.57%   60.56%   65.70%   65.94%   61.45%   60.05%   61.49%
of credit costs



Balance Sheet Trends
Total assets at June 30, 2013 were $2.81 billion, a decrease of $210.4 million
when compared to $3.02 billion reported at December 31, 2012. Declines in
total asset levels were expected and are associated mostly with the Company's
restructuring efforts, which resulted in the closing of thirteen existing
retail facilities since the third quarter of 2012. Similarly, earning assets
declined as well, although the mix of earning assets has improved. Earning
assets fell from $2.55 billion at December 31, 2012 to $2.42 billion at June
30, 2013. Total loans increased during that period from $2.01 billion at the
end of 2012 to $2.06 billion at the end of the second quarter and now
represent 85.1% of total earning assets, compared to 78.8% at the end of the
year.

Total non-covered loans increased $105.2 million during the first six months
of 2013 to end at $1.56 billion at June 30, 2013, compared to $1.45 billion at
December 31, 2012. Seasonal borrowings from agricultural customers as well as
successful sales efforts contributed to the 14.6% annualized increase in
loans. Additionally, covered loans fell by only $17.2 million during the
second quarter of 2013 to $443.5 million compared to balances reported at
March 31, 2013. Management, noting that this is a much slower pace of
quarterly run-off than has been experienced in several years, is optimistic
that the trends in non-covered loan growth and covered loan run-off will
continue.

Total deposits decreased $181.6 million to $2.44 billion during the first six
months of 2013, compared to $2.62 billion at December 31, 2012. Year-end
deposit levels contain unusually high liquidity levels from local
municipalities and agricultural customers, and decreases from this level are
not indicative of current trends. Decreases in deposit accounts associated
with the closed branches have been unexpectedly low, totaling only $32.8
million at June 30, 2013. Additional declines in future quarters may occur as
there are $48.7 million of time deposits in the affected branches that have
not yet matured. Management originally estimated a potential for a decline of
5% in the Company's deposits associated with the consolidation effort, but
management now believes the run-off will be much less.

Indemnification Asset
At June 30, 2013, the Company's FDIC loss-sharing receivable totaled $105.5
million, which is comprised of $75.7 million in indemnification asset (for
reimbursements associated with anticipated losses in future quarters) and
$29.8 million in current charge-offs and expenses already incurred but not yet
submitted for reimbursement. This is a significant decrease from the $161.0
million FDIC loss-sharing receivable recorded at March 31, 2013, which was
comprised of $99.9 million in indemnification asset and $61.1 million in
current charge-offs and expenses. The decline in the receivable during the
current quarter is due to $39.3 million received from the FDIC and a $16.2
million reduction due to changes in the estimates of cash flows on the covered
assets.

Credit Expenses and Asset Quality
Non-performing assets declined to $71.7 million, a decrease of $7.0 million,
from $78.7 million reported at December 31, 2012. Nonaccrual loans declined
$7.1 million to $31.8 million at June 30, 2013, compared to $38.9 million at
December 31, 2012. The Company's balances in non-covered OREO (other real
estate owned) remained stable at $39.9 million at June 30, 2013. Classified
assets to total regulatory capital declined to 28.7% at the end of the second
quarter of 2013, compared to 33.8% at the same time in 2012.

The Company's quarterly provision for loan losses was $4.2 million in the
second quarter of 2013, compared to $7.2 million in the same quarter in 2012.
Net charge-offs on loans during the second quarter of 2013 were $2.9 million,
compared to $2.8 million during the first quarter of 2013 and $8.6 million
during the second quarter of 2012. As a percentage of loans, net charge-offs
were 0.74% of average loans on an annualized basis for the second quarter of
2013, compared to 0.76% during the first quarter of 2013 and 2.52% during the
second quarter of 2012.

Ameris Bancorp is headquartered in Moultrie, Georgia, and at the end of the
most recent quarter had 57 locations in Georgia, Alabama, northern Florida and
South Carolina.

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"). Management of Ameris Bancorp (the
"Company") 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 statements that constitute "forward-looking
statements" within the meaning of Section27A of the Securities Act of 1933,
as amended, and Section21E of the Securities Exchange Act of 1934, as
amended. The words "believe", "estimate", "expect", "intend", "anticipate" and
similar expressions and variations thereof identify certain of such
forward-looking statements, which speak only as of the dates which they were
made. The Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Readers are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks and
uncertainties and that actual results may differ materially from those
indicated in the forward-looking statements as a result of various factors.
Readers are cautioned not to place undue reliance on these forward-looking
statements and are referred to the Company's periodic filings with the
Securities and Exchange Commission for a summary of certain factors that may
impact the Company's results of operations and financial condition.



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
               Three Months Ended                                          Six Months Ended
               Jun.        Mar.        Dec.        Sept.       Jun.        Jun.        Jun.
               2013        2013        2012        2012        2012        2013        2012
EARNINGS
 Net
 Income/(Loss) $       $       $       $       $       $       $    
 Available to                                           11,080   6,228
 Common        6,236       4,844       3,554       1,076       1,678
 Shareholders
PER COMMON
SHARE DATA
 Earnings per
 share
 available to
 common
 shareholders:
               $       $       $       $       $       $       $    
   Basic                                                      0.26
                0.26       0.20       0.15      0.05        0.07        0.46
               $       $       $       $       $       $       $    
   Diluted                                                    0.26
                0.26       0.20       0.15      0.04        0.07        0.46
 Cash          $       $       $       $       $       $       $    
 Dividends per                                               
 share             -       -      -     -         -         -        -
 Stock         -           -           -           -           -           -           -
 dividend
 Book value    $       $       $       $       $       $       $    
 per share                                                      10.49
 (period end)  10.88       10.72       10.56       10.41       10.49       10.88
 Tangible book $       $       $       $       $       $    
 value per                                                     $    
 share (period 10.74       10.57       10.39       10.23       10.29       10.74        10.29
 end)
 Weighted
 average
 number of
 shares:
   Basic       23,878,898  23,867,691  23,815,583  23,819,144  23,818,814  23,873,325  23,790,505
   Diluted     24,287,628  24,246,346  23,857,095  23,973,369  23,973,039  24,282,055  23,944,730
 Period-end
 number of     23,894,327  23,875,680  23,799,768  23,819,144  23,819,144  23,894,327  23,819,144
 shares
 Market data:
   High        $       $       $       $       $       $       $    
   closing                                                      13.40
   price       16.94       14.51       12.71       12.88       13.40       16.94
   Low closing $       $       $       $       $       $       $    
   price                                                        10.34
               13.16       12.79       10.50       11.27       10.88       12.79
   Period end  $       $       $       $       $       $       $    
   closing                                                      12.60
   price       16.85       14.35       12.49       12.59       12.60       16.85
   Average
   daily       53,403      51,887      48,295      45,543      58,370      52,669      58,751
   volume
PERFORMANCE
RATIOS
 Return on
 average       0.95%       0.75%       0.62%       0.26%       0.34%       0.85%       0.53%
 assets
 Return on
 average       10.66%      8.53%       7.72%       3.12%       4.12%       9.60%       6.49%
 common equity
 Earning asset 5.38%       5.21%       5.22%       5.06%       5.33%       5.30%       5.25%
 yield (TE)
 Total cost of 0.40%       0.40%       0.44%       0.51%       0.62%       0.40%       0.65%
 funds
 Net interest  4.96%       4.79%       4.75%       4.52%       4.66%       4.88%       4.56%
 margin (TE)
 Non-interest
 income
 excluding
 securities
 transactions,
   as a
   percent of
   total       26.16%      26.27%      25.86%      23.60%      21.10%      26.21%      15.86%
   revenue
   (TE) ^(1)
 Efficiency    65.32%      72.76%      71.85%      75.68%      70.51%      68.98%      65.63%
 ratio
CAPITAL
ADEQUACY
(period end)
 Stockholders'
 equity to     10.25%      9.91%       9.24%       10.14%      10.31%      10.25%      10.31%
 assets
 Tangible
 common equity 9.15%       8.83%       8.20%       8.27%       8.41%       9.15%       8.41%
 to tangible
 assets
EQUITY TO
ASSETS
RECONCILIATION
 Tangible
 common equity 9.15%       8.83%       8.20%       8.27%       8.41%       9.15%       8.41%
 to tangible
 assets
 Effect of
 preferred     0.99%       0.97%       0.92%       1.74%       1.75%       0.99%       1.75%
 equity
 Effect of
 goodwill and  0.11%       0.11%       0.12%       0.13%       0.15%       0.11%       0.15%
 other
 intangibles
   Equity to
   assets      10.25%      9.91%       9.24%       10.14%      10.31%      10.25%      10.31%
   (GAAP)
OTHER
PERIOD-END
DATA
 Banking       683         693         736         754         751         683         751
 Division FTE
 Mortgage      155         127         130         118         88          155         88
 Division FTE
   Total
   Ameris      838         820         866         872         839         838         839
   Bancorp FTE
   Headcount
 Assets per    $       $       $       $       $       $       $    
 FTE                                                            3,481
               3,352       3,490       3,486       3,382       3,481       3,352
 Branch        57          57          66          66          67          57          67
 locations
 Deposits per  $       $       $       $       $       $       $    
 branch                                  39,093    37,980    42,861  37,980
 location      42,861      43,684      39,768
 ^(1)Includes
 gain from
 acquisition.



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                       Three Months Ended                      Six Months
                                                               Ended
                       Jun.    Mar.    Dec.    Sept.   Jun.    Jun.    Jun.
                       2013    2013    2012    2012    2012    2013    2012
INCOME STATEMENT
Interest income
                       $     $     $     $     $     $     $   
 Interest and fees on                                
 loans                                                     59,816
                       29,859  28,716  30,329  29,165  30,334  58,575
 Interest on taxable   1,719   1,697   1,737   2,017   2,187   3,416   4,496
 securities
 Interest on           344     375     371     365     374     719     739
 nontaxable securities
 Interest on deposits  29      85      102     104     108     114     228
 in other banks
 Interest on federal   -       -       -       -       4       -       10
 funds sold
     Total interest    31,951  30,873  32,539  31,651  33,007  62,824  65,289
     income
Interest expense
                       $     $     $     $     $     $  
                                                     $   
 Interest on deposits                                    
                                            3,005   3,635   4,309   7,719
                       2,083   2,226   2,603
 Interest on other     392     309     377     408     491     701     962
 borrowings
     Total interest    2,475   2,535   2,980   3,413   4,126   5,010   8,681
     expense
Net interest income    29,476  28,338  29,559  28,238  28,881  57,814  56,608
Provision for loan     4,165   2,923   4,442   6,540   7,225   7,088   20,107
losses
Net interest           $     $     $     $     $     $     $   
income/(loss) after                                  
provision for loan                                         36,501
losses                 25,311  25,415  25,117  21,698  21,656  50,726
Noninterest income
                       $     $     $     $     $     $  
 Service charges on                                  $   
 deposit accounts                                        
                                            5,121   4,770   9,532   9,156
                       4,695   4,837   5,299
 Mortgage banking      5,001   4,464   4,768   3,740   3,006   9,465   4,481
 activity
 Other service
 charges, commissions  617     329     387     331     322     946     713
 and fees
 Gain(loss) on sale of (1)     172     322     -       -       171     -
 securities
 Gains from            -       -       -       -       -       -       20,037
 acquisitions
 Other non-interest    1,072   1,558   1,128   639     777     2,630   1,752
 income
     Total noninterest 11,384  11,360  11,904  9,831   8,875   22,744  36,139
     income
Noninterest expense
 Salaries and employee 13,381  13,806  15,785  13,766  12,125  27,187  23,571
 benefits
 Occupancy and         2,978   2,931   3,653   3,340   2,880   5,909   6,215
 equipment expenses
 Data processing and
 telecommunications    2,836   2,570   3,254   2,599   2,905   5,406   4,830
 expenses
 Credit related        2,349   4,844   2,548   3,706   3,423   7,193   16,162
 expenses ^(1)
 Advertising and       327     255     488     421     364     582     713
 marketing expenses
 Amortization of       358     364     364     364     412     722     632
 intangible assets
 Other non-interest    4,459   4,114   3,699   4,614   4,514   8,573   8,746
 expenses
     Total noninterest 26,688  28,884  29,791  28,810  26,623  55,572  60,869
     expense
                       $     $     $     $     $     $  
Operating                                            $   
profit/(loss)                                            
                       10,007                2,719   3,908   17,898  11,771
                               7,891   7,230
 Income tax            3,329   2,606   2,558   816     1,413   5,935   3,911
 (benefit)/expense
                       $     $     $     $     $     $  
                                                     $   
Net income/(loss)                                         
                                            1,903   2,495   11,963  7,860
                       6,678   5,285   4,672
Preferred stock        442     441     1,118   827     817     883     1,632
dividends
Net income/(loss)
available
                       $     $     $     $     $     $  
 to common                                       $   
shareholders                                              
                                            1,076   1,678   11,080  6,228
                       6,236   4,844   3,554
Diluted earnings
available to common    0.26    0.20    0.15    0.04    0.07    0.46    0.26
shareholders
 (1) Includes expenses associated with
 problem loans and OREO, as well as OREO
 losses and writedowns.



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                      Three Months Ended
                      Jun.        Mar.        Dec.        Sept.       Jun.
                      2013        2013        2012        2012        2012
PERIOD-END BALANCE
SHEET
Assets
 Cash and due from    $       $       $       $       $    
 banks                                          57,289    60,126
                      50,343      50,487      80,256
 Federal funds sold
 and interest bearing 43,904      81,205      193,677     66,872      111,251
 balances
 Investment
 securities available 316,168     324,029     346,909     361,051     366,980
 for sale, at fair
 value
 Other investments    7,764       5,528       6,832       7,003       7,884
 Mortgage loans held  62,580      42,332      48,786      29,021      19,659
 for sale
 Loans, net of        1,555,827   1,492,753   1,450,635   1,439,862   1,365,489
 unearned income
 Covered loans        443,517     460,724     507,712     546,234     601,737
 Less allowance for   24,217      23,382      23,593      25,901      26,198
 loan losses
  Loans, net          1,975,127   1,930,095   1,934,754   1,960,195   1,941,028
 Other real estate    39,885      40,434      39,850      37,325      36,397
 owned
 Covered other real   62,178      77,915      88,273      88,895      83,467
 estate owned
  Total other real    102,063     118,349     128,123     126,220     119,864
  estate owned
 Premises and         70,167      72,340      75,983      75,609      75,192
 equipment, net
 Intangible assets,   2,318       2,676       3,040       3,404       3,767
 net
 Goodwill             956         956         956         956         956
 FDIC loss sharing    105,513     160,979     159,724     198,440     203,801
 receivable
 Cash value of bank   47,495      45,832      15,603      50,087      -
 owned life insurance
 Other assets         24,277      26,843      24,409      13,236      9,803
                      $       $       $       $        $   
  Total assets                                         2,949,383  2,920,311
                      2,808,675  2,861,651  3,019,052
Liabilities
 Deposits:
                      $       $       $       $       $    
  Noninterest-bearing                             464,503    429,113
                      475,445     490,961     510,751
  Interest-bearing    1,967,658   1,999,012   2,113,912   2,115,614   2,115,559
 Total deposits       2,443,103   2,489,973   2,624,663   2,580,117   2,544,672
 Federal funds
 purchased &
 securities sold
 under
  agreements to       19,142      22,919      50,120      17,404      19,800
  repurchase
 Other borrowings     -           -           -           -           3,810
 Other liabilities    16,384      22,768      22,983      10,387      8,821
 Subordinated
 deferrable interest  42,269      42,269      42,269      42,269      42,269
 debentures
  Total liabilities   2,520,898   2,577,929   2,740,035   2,650,177   2,619,372
Stockholders' equity
                      $       $       $       $       $    
 Preferred stock                               51,207    51,044
                      27,845      27,753      27,662
 Common stock        25,258      25,239      25,155      25,155      25,155
 Capital surplus     165,483     165,078     164,949     164,182     166,685
 Retained earnings   76,791      70,554      65,710      62,156      61,081
 Accumulated other
comprehensive         3,582       6,274       6,607       7,337       7,805
income/(loss)
 Less treasury stock (11,182)    (11,176)    (11,066)    (10,831)    (10,831)
  Total stockholders' 287,777     283,722     279,017     299,206     300,939
  equity
  Total liabilities   $       $       $       $        $   
  and stockholders'                                    2,949,383  2,920,311
  equity              2,808,675  2,861,651  3,019,052
Other Data
Earning Assets        2,421,996   2,401,043   2,547,719   2,443,040   2,465,116
Intangible Assets     3,274       3,632       3,996       4,360       4,723
Interest Bearing      2,029,069   2,064,200   2,206,301   2,175,287   2,181,438
Liabilities
Average Assets        2,820,863   2,875,274   2,985,116   2,935,715   2,966,527
Average Common        251,240     251,214     240,787     242,614     243,463
Stockholders' Equity



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                   Three Months Ended                          Six Months
                                                               Ended
                   Jun.     Mar.     Dec.     Sept.    Jun.    Jun.    Jun.
                   2013     2013     2012     2012     2012    2013    2012
ASSET QUALITY
INFORMATION^(1)
Allowance for loan
losses
  Balance at       $     $     $     $     $     $     $   
  beginning of                                    
  period                                   26,198                 35,156
                   23,382   23,593   25,901            28,689  23,593
  Provision for    3,695    2,603    4,091    5,690    6,070   6,298   18,670
  loan loss ^(2)
      Charge-offs  3,200    3,036    6,996    6,092    8,738   6,236   28,075
      Recoveries   340      222      597      105      177     562     447
  Net charge-offs  2,860    2,814    6,399    5,987    8,561   5,674   27,628
  (recoveries)
                   $     $     $     $     $     $     $   
  Ending balance                                  
                                           25,901                 26,198
                   24,217   23,382   23,593            26,198  24,217
  As a percentage  1.56%    1.57%    1.63%    1.80%    1.92%   1.56%   1.92%
  of loans
  As a percentage
  of nonperforming 76.13%   62.39%   60.67%   67.76%   58.98%  76.13%  58.98%
  loans
Net charge-off
information
  Charge-offs
  Commercial,      $     $     $     $     $     $     $   
  Financial and                                     
  Agricultural                        235             654
                   324     410     562              499    734
  Real Estate -    1,328    779      2,080    2,268    2,251   2,107   4,374
  Residential
  Real Estate -
  Commercial and   768      1,025    2,352    715      4,520   1,793   17,484
  Farmland
  Real Estate -
  Construction and 576      655      1,561    2,608    1,281   1,231   5,211
  Development
  Consumer         204      167      441      266      187     371     352
  Installment
      Total        3,200    3,036    6,996    6,092    8,738   6,236   28,075
      charge-offs
  Recoveries
  Commercial,
  Financial and    44       84       56       23       30      128     78
  Agricultural
  Real Estate -    144      85       26       37       21      229     162
  Residential
  Real Estate -
  Commercial and   10       3        450      8        8       13      24
  Farmland
  Real Estate -
  Construction and 2        2        17       4        2       4       19
  Development
  Consumer         140      48       48       33       116     188     164
  Installment
      Total        340      222      597      105      177     562     447
      recoveries
                   $     $     $     $     $     $     $   
  Net charge-offs                                
  (recoveries)                          5,987                27,628
                   2,860    2,814    6,399             8,561   5,674
Non-accrual loans  31,811   37,476   38,885   38,225   44,421  31,811  44,421
Foreclosed         39,885   40,434   39,850   37,325   36,397  39,885  36,397
assets^
Accruing loans
delinquent 90 days -        -        -        -        1       -       1
or more
Total
non-performing     71,696   77,910   78,735   75,550   80,819  71,696  80,819
assets
Non-performing
assets as a        2.55%    2.72%    2.61%    2.56%    2.77%   2.55%   2.77%
percent of total
assets
Net charge offs as
a percent of loans 0.74%    0.76%    1.75%    1.65%    2.52%   0.74%   4.07%
(Annualized)
(1) Asset quality information is presented net of covered assets
where the Company's risk exposure is limited substantially by loss
sharing agreements with the FDIC.
(2) During 2011 and 2012, the Company recorded provision for loan loss
expense to account for losses where the initial estimate of cash flows
was found to be excessive on loans
 acquired in FDIC assisted acquisitions. These amounts are
excluded from the calculation above but reflected in the Company's
Consolidated Statement of Operations.



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                       For the quarter ended:
                       Jun.        Mar.        Dec.        Sept.       Jun.
  Loans by Type        2013        2013        2012        2012        2012
  Commercial,          $       $       $       $       $    
  financial &                                      189,374    174,903
  agricultural         208,424     180,888     174,217
  Real estate -
  construction &       134,607     130,161     114,199     125,315     124,556
  development
  Real estate -
  commercial &         788,654     766,227     732,322     713,240     675,404
  farmland
  Real estate -        357,685     355,716     346,480     343,332     332,124
  residential
  Consumer installment 36,923      37,335      40,178      43,441      41,431
  Other                29,534      22,426      43,239      25,160      17,071
   Total Legacy     $       $       $       $        $   
  (non-covered)                                         1,439,862  1,365,489
                       1,555,827  1,492,753  1,450,635
  Commercial,          $       $       $       $       $    
  financial &                                    37,167    41,372
  agricultural         27,371      28,568      32,606
  Real estate -
  construction &       52,972      57,114      70,184      73,356      83,991
  development
  Real estate -
  commercial &         255,102     260,159     278,506     298,903     322,393
  farmland
  Real estate -        107,107     113,668     125,056     135,154     150,683
  residential
  Consumer installment 965         1,215       1,360       1,654       3,298
   Total Covered    $       $       $       $       $    
  (at fair value)                                  546,234    601,737
                       443,517     460,724     507,712
  Total Loan
  Portfolio:
  Commercial,          $       $       $       $       $    
  financial &                                      226,541    216,275
  agricultural         235,795     209,456     206,823
  Real estate -
  construction &       187,579     187,275     184,383     198,671     208,547
  development
  Real estate -
  commercial &         1,043,756   1,026,386   1,010,828   1,012,143   997,797
  farmland
  Real estate -        464,792     469,384     471,536     478,486     482,807
  residential
  Consumer installment 37,888      38,550      41,538      45,095      44,729
  Other                29,534      22,426      43,239      25,160      17,071
                       $       $       $       $        $   
   Total Loans                                       1,986,096  1,967,226
                       1,999,344  1,953,477  1,958,347
  Troubled Debt
  Restructurings:
  Accruing loan types:
  Commercial,          $       $       $       $       $    
  financial &                                           
  agricultural         1,059        799       802      804          -
  Real estate -
  construction &       1,946       1,883       1,735       1,481       1,205
  development
  Real estate -
  commercial &         7,529       8,878       8,947       9,540       13,293
  farmland
  Real estate -        7,468       6,953       7,254       8,068       8,472
  residential
  Consumer installment 13          -           6           -           -
   Total Accruing   $       $       $       $       $    
  TDRs                                           19,893    22,970
                       18,015      18,513      18,744
  Non-accruing loan
  types:
  Commercial,          $       $       $       $       $    
  financial &                                          
  agricultural             -       -      -     -        18
  Real estate -
  construction &       29          43          -           -           1,124
  development
  Real estate -
  commercial &         1,493       3,595       4,149       2,770       2,815
  farmland
  Real estate -        1,046       1,111       1,022       620         1,213
  residential
  Consumer installment -           6           -           -           -
   Total            $       $       $       $       $    
  Non-accrual TDRs                                     
                       2,568       4,755       5,171       3,390       5,170
  Total Troubled Debt  $       $       $       $       $    
  Restructurings                                 23,283    28,140
                       20,583      23,268      23,915
The following table presents the
non-covered loan portfolio by
risk grade:
  Grade 10 - Prime     $       $       $       $       $    
  credit                                         34,809    28,282
                       44,852      40,268      32,993
  Grade 15 - Good      241,690     232,773     236,500     244,466     251,157
  credit
  Grade 20 -           708,606     665,777     641,950     592,283     540,562
  Satisfactory credit
  Grade 23 -
  Performing,          29,829      29,403      31,433      30,176      30,131
  under-collateralized
  credit
  Grade 25 - Minimum   443,105     425,646     399,210     427,598     397,984
  acceptable credit
  Grade 30 - Other
  asset especially     29,265      32,485      35,298      35,478      36,307
  mentioned
  Grade 40 -           57,880      66,147      72,994      74,606      80,824
  Substandard
  Grade 50 - Doubtful  598         254         257         446         242
  Grade 60 - Loss      2           -           -           -           -
                       $       $       $       $        $   
   Total                                               1,439,862  1,365,489
                       1,555,827  1,492,753  1,450,635



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
               Three Months Ended                                          Six Months Ended
               Jun.        Mar.        Dec.        Sept.       Jun.        Jun.        Jun.
               2013        2013        2012        2012        2012        2013        2012
AVERAGE
BALANCES
  Federal      $       $       $       $       $       $       $    
  funds sold                                 17,665         28,005
                   -       -     57     10                       -
  Interest
  bearing      52,090      101,452     152,875     125,775     128,008     76,635      142,953
  deposits in
  banks
  Investment
  securities - 271,282     286,745     300,773     316,967     324,879     278,971     317,904
  taxable
  Investment
  securities - 50,300      53,819      52,017      47,819      46,049      52,050      46,285
  nontaxable
  Other        7,002       6,687       6,702       7,213       8,893       6,845       9,579
  investments
  Mortgage
  loans held   100,766     63,732      46,763      31,759      21,603      92,752      31,167
  for sale
  Loans        1,471,778   1,424,594   1,424,302   1,398,468   1,356,845   1,437,915   1,325,171
  Covered      444,616     491,691     519,892     574,897     601,802     468,024     601,507
  loans
   Total      $                                                       $        $  
  Earning                 2,428,720   2,503,381   2,502,908   2,505,744   2,413,192  2,502,571
  Assets       2,397,834
  Noninterest  $       $       $       $       $       $       $   
  bearing                                  452,019    432,535    480,400   420,131
  deposits     479,054     481,760     502,069
  NOW accounts 579,312     633,313     626,440     593,204     605,494     606,163     612,459
  MMDA         611,562     592,842     606,908     631,231     616,449     602,254     608,074
  Savings      104,534     102,380     100,722     102,129     97,097      103,463     92,269
  accounts
  Retail CDs < 298,553     313,191     342,518     365,807     369,651     308,270     371,512
  $100,000
  Retail CDs > 358,980     368,577     391,075     430,677     410,855     361,314     421,112
  $100,000
  Brokered CDs 16,176      19,448      34,588      41,799      59,526      17,803      76,563
   Total      2,448,171   2,511,511   2,604,320   2,616,866   2,591,607   2,479,667   2,602,120
  Deposits
  FHLB         -           -           -           2,160       3,810       -           6,217
  advances
  Subordinated 42,269      42,269      42,269      42,269      42,269      42,269      42,269
  debentures
  Federal
  funds
  purchased
  and
  securities
  sold
  under
  agreements   20,530      27,191      36,165      17,146      23,042      23,842      26,470
  to
  repurchase
   Total
  Non-Deposit  62,799      69,460      78,434      61,575      69,121      66,111      74,956
  Funding
   Total      $       $       $       $        $        $        $  
  Funding                                       2,678,441  2,660,728  2,545,778  2,677,076
               2,510,970  2,580,971  2,682,754



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                 Three Months Ended                           Six Months Ended
                 Jun.     Mar.     Dec.     Sept.    Jun.     Jun.     Jun.
                 2013     2013     2012     2012     2012     2013     2012
INTEREST
INCOME/EXPENSE
 INTEREST INCOME
                 $     $     $     $     $     $     $   
  Federal funds                                   
  sold                                            10
                   -      -     -     -       4       -
  Interest
  bearing        29       85       102      104      108      114      228
  deposits in
  banks
  Investment
  securities -   1,719    1,697    1,737    2,017    2,187    3,416    4,496
  taxable
  Investment
  securities -   464      506      501      493      505      970      998
  nontaxable
  (TE)
  Mortgage loans 959      572      455      285      177      1,531    318
  held for sale
  Loans (TE)     19,904   19,604   20,224   19,983   19,396   39,508   37,565
  Covered loans  9,066    8,765    9,859    8,951    10,808   17,831   21,780
                 $     $     $     $     $     $     $   
  Total Earning                                   
  Assets                                 31,833   33,185   63,370   65,395
                 32,141   31,229   32,878
 INTEREST
 EXPENSE
  Non-interest   $     $     $     $     $     $     $   
  bearing                                         
  deposits                                        -
                   -      -     -     -       -        -
  NOW accounts   250      302      340      300      447      552      973
  MMDA           555      522      537      625      808      1,077    1,649
  Savings        29       29       30       32       36       58       70
  accounts
  Retail CDs <   437      498      600      726      834      935      1,775
  $100,000
  Retail CDs >   675      706      815      990      1,072    1,381    2,312
  $100,000
  Brokered CDs   137      169      281      332      438      306      940
  Total Deposits 2,083    2,226    2,603    3,005    3,635    4,309    7,719
  FHLB advances  -        -        -        15       26       -        95
  Subordinated   363      270      332      362      427      633      788
  debentures
  Repurchase     28       37       43       29       37       65       77
  agreements
  Correspondent
  bank line of   1        2        2        2        1        3        2
  credit and
  other
   Total
  Non-Deposit    392      309      377      408      491      701      962
  Funding
                 $     $     $     $     $     $     $   
   Total                                       
  Funding                             3,413    4,126    5,010    8,681
                 2,475    2,535    2,980
                 $     $     $     $     $     $     $   
  Net Interest                                    
  Income (TE)                            28,420   29,059   58,360   56,714
                 29,666   28,694   29,898



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                     Three Months Ended                           Six Months
                                                                  Ended
                     Jun.     Mar.     Dec.     Sept.    Jun.     Jun.   Jun.
                     2013     2013     2012     2012     2012     2013   2012
YIELDS (1)
    Federal funds    0.00%    0.00%    0.00%    0.00%    0.09%    0.00%  0.07%
    sold
    Interest bearing
    deposits in      0.22%    0.34%    0.27%    0.33%    0.34%    0.30%  0.32%
    banks
    Investment
    securities -     2.54%    2.40%    2.30%    2.53%    2.71%    2.47%  2.84%
    taxable
    Investment
    securities -     3.70%    3.81%    3.83%    4.10%    4.41%    3.76%  4.34%
    nontaxable
    Mortgage loans   3.82%    3.64%    3.87%    3.57%    3.30%    3.33%  2.05%
    held for sale
    Loans            5.42%    5.58%    5.65%    5.68%    5.75%    5.54%  5.70%
    Covered loans    8.18%    7.23%    7.54%    6.19%    7.22%    7.68%  7.28%
     Total Earning  5.38%    5.21%    5.22%    5.06%    5.33%    5.30%  5.25%
    Assets
    Noninterest      0.00%    0.00%    0.00%    0.00%    0.00%    0.00%  0.00%
    bearing deposits
    NOW accounts     0.17%    0.19%    0.22%    0.20%    0.30%    0.18%  0.32%
    MMDA             0.36%    0.36%    0.35%    0.39%    0.53%    0.36%  0.55%
    Savings accounts 0.11%    0.11%    0.12%    0.12%    0.15%    0.11%  0.15%
    Retail CDs <     0.59%    0.64%    0.70%    0.79%    0.91%    0.61%  0.96%
    $100,000
    Retail CDs >     0.75%    0.78%    0.83%    0.91%    1.05%    0.77%  1.10%
    $100,000
    Brokered CDs     3.40%    3.52%    3.23%    3.16%    2.96%    3.47%  2.47%
     Total Deposits 0.34%    0.36%    0.40%    0.46%    0.56%    0.35%  0.60%
    FHLB advances    0.00%    0.00%    0.00%    2.76%    2.74%    0.00%  3.07%
    Subordinated     3.44%    2.59%    3.12%    3.41%    4.06%    3.02%  3.75%
    debentures
    Repurchase       0.55%    0.55%    0.47%    0.67%    0.65%    0.55%  0.58%
    agreements
    Correspondent
    bank line of     0.00%    0.00%    0.00%    0.00%    0.00%    0.00%  0.00%
    credit and other
     Total
    Non-Deposit      2.50%    1.80%    1.91%    2.64%    2.86%    2.14%  2.58%
    Funding
     Total funding  0.40%    0.40%    0.44%    0.51%    0.62%    0.40%  0.65%
    (3)
    Net interest     4.98%    4.81%    4.78%    4.55%    4.71%    4.90%  4.60%
    spread
    Net interest     4.96%    4.79%    4.75%    4.52%    4.66%    4.88%  4.56%
    margin
(1) Interest and average rates are calculated on a tax-equivalent basis
using an effective tax rate of 35%.
(2) Rate calculated based on average earning assets.
(3) Rate calculated based on total average funding including
non-interest bearing liabilities.



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                 Three Months Ended                           Six Months Ended
                 Jun.     Mar.     Dec.     Sept.    Jun.     Jun.     Jun.
  Core Earnings  2013     2013     2012     2012     2012     2013     2012
  Reconciliation
  Pre-tax        $     $     $     $     $     $     $   
  operating                                     
  profit/(loss)                        2,719    3,908    17,898   11,771
                 10,007   7,891    7,230
  Plus: Credit
  Related Costs
   Provision
  for loan       4,165    2,923    4,442    6,540    7,225    7,088    20,107
  losses
  
  (Gains)/Losses 134      (20)     464      983      813      114      8,065
  on the sale of
  legacy OREO
   Problem
  loan and OREO  2,215    4,864    2,084    2,724    2,610    7,079    8,097
  expense
   Interest
  reversed
  (received) on  118      54       227      159      145      172      331
  non-accrual
  loans
   Total
  Credit-Related 6,632    7,821    7,217    10,406   10,793   14,453   36,600
  Costs
  Plus:
  Non-recurring  -        -        2,125    -        -        -        -
  conversion
  charges
  Less:
  Non-recurring
  gains
   Gains
  related to     -        -        -        -        -        -        (20,037)
  FDIC
  acquisitions
   Gains on
  sales of       1        (172)    (322)    -        -        (171)    -
  securities
    Gains on
  sales of bank  (227)    (242)    -        -        -        (469)    -
  premises
   Other
  non-recurring  (2,067)  (1,017)  (2,423)  602      -        (3,084)  -
  adjustments
  Pretax,        $     $     $     $     $     $     $   
  Pre-provision                                   
  earnings                               13,727   14,701   28,627   28,334
                 14,346   14,281   13,827
  As percentage
  of average     2.04%    2.01%    1.84%    1.86%    1.99%    2.05%    1.92%
  assets,
  annualized
                 Three Months Ended                           Six Months Ended
                 Jun.     Mar.     Dec.     Sept.    Jun.     Jun.     Jun.
  Recurring
  Operating      2013     2013     2012     2012     2012     2013     2012
  Expenses
  Total
  Operating      26,688   28,884   29,791   28,810   26,623   55,572   60,869
  Expenses
  Less: Credit
  costs &
  non-recurring
  charges
  
  Gains/(Losses) (134)    20       (464)    (983)    (813)    (114)    (8,065)
  on the sale of
  legacy OREO
  
  Gains/(Losses) -        (3,176)  -        -        -        (3,176)  -
  on the sale of
  covered OREO
   Problem
  loan and OREO  (2,215)  (1,688)  (2,084)  (2,724)  (2,610)  (3,903)  (8,097)
  expense
   Severance   -        -        (750)    -        (190)    -        (552)
  payments
  
  Conversion     -        -        (1,375)  -        (285)    -        (285)
  expenses
  
  Gains/(Losses) 227      242      -        -        -        469      -
  on the sale of
  premises
  Recurring      $     $     $     $     $     $     $   
  operating                                       
  expenses                               25,103   22,725   48,848   43,870
                 24,566   24,282   25,118





AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                 Three Months Ended                           Six Months Ended
                 Jun.     Mar.     Dec.     Sept.    Jun.     Jun.     Jun.
  Segment        2013     2013     2012     2012     2012     2013     2012
  Reporting
  Banking
  Division:
   Net         $     $     $     $     $     $     $   
  interest                                        
  income                                 27,953   28,704   56,283   56,290
                 28,517   27,766   29,104
   Provision
  for loan       4,165    2,923    4,442    6,540    7,225    7,088    20,107
  losses
   Noninterest 6,383    6,896    7,136    6,091    5,869    13,279   31,658
  income
   Noninterest
  expense:
   Salaries
  and employee   10,478   11,037   13,021   11,446   10,727   21,515   20,989
  benefits
            2,781    2,765    3,476    3,190    2,807    5,546    6,060
  Occupancy
   Data     2,634    2,471    3,119    2,510    2,832    5,105    4,712
  Processing
   Other    6,444    8,890    6,586    8,706    8,396    15,334   25,764
  expenses
   Total
  noninterest    22,337   25,163   26,202   25,852   24,762   47,500   57,525
  expense
  Income before  8,398    6,576    5,596    1,652    2,586    14,974   10,316
  income taxes
   Income Tax  2,766    2,146    1,986    443      950      4,912    3,402
   Net   5,632    4,430    3,610    1,209    1,636    10,062   6,914
  income
   Preferred
  stock          442      441      1,118    827      817      883      1,632
  dividends
  Net income     $     $     $     $     $     $     $   
  available to                                  
  common                               382    819   9,179    5,282
  shareholders   5,190    3,989    2,492
  Mortgage
  Division:
   Net         $     $     $     $     $     $     $   
  interest                                        
  income                            285    177   1,531    318
                 959     572     455
   Provision
  for loan       -        -        -        -        -        -        -
  losses
   Noninterest 5,001    4,464    4,768    3,740    3,006    9,465    4,481
  income
   Noninterest
  expense:
   Salaries
  and employee   2,903    2,769    2,764    2,320    1,398    5,672    2,582
  benefits
            197      166      177      150      73       363      155
  Occupancy
   Data     202      99       135      89       73       301      118
  Processing
   Other    1,049    687      513      399      317      1,736    489
  expenses
   Total
  noninterest    4,351    3,721    3,589    2,958    1,861    8,072    3,344
  expense
  Income before  1,609    1,315    1,634    1,067    1,322    2,924    1,455
  income taxes
   Income Tax  563      460      572      373      463      1,023    509
   Net   1,046    855      1,062    694      859      1,901    946
  income
   Preferred
  stock          -        -        -        -        -        -        -
  dividends
  Net income     $     $     $     $     $     $     $   
  available to                                    
  common                              694    859   1,901    946
  shareholders   1,046    855     1,062
  Total
  Consolidated:
   Net         $     $     $     $     $     $     $   
  interest                                        
  income                                 28,238   28,881   57,814   56,608
                 29,476   28,338   29,559
   Provision
  for loan       4,165    2,923    4,442    6,540    7,225    7,088    20,107
  losses
   Noninterest 11,384   11,360   11,904   9,831    8,875    22,744   36,139
  income
   Noninterest
  expense:
   Salaries
  and employee   13,381   13,806   15,785   13,766   12,125   27,187   23,571
  benefits
            2,978    2,931    3,653    3,340    2,880    5,909    6,215
  Occupancy
   Data     2,836    2,570    3,254    2,599    2,905    5,406    4,830
  Processing
   Other    7,493    9,577    7,099    9,105    8,713    17,070   26,253
  expenses
   Total
  noninterest    26,688   28,884   29,791   28,810   26,623   55,572   60,869
  expense
  Income before  10,007   7,891    7,230    2,719    3,908    17,898   11,771
  income taxes
   Income Tax  3,329    2,606    2,558    816      1,413    5,935    3,911
   Net   6,678    5,285    4,672    1,903    2,495    11,963   7,860
  income
   Preferred
  stock          442      441      1,118    827      817      883      1,632
  dividends
  Net income     $     $     $     $     $     $     $   
  available to                                   
  common                              1,076    1,678    11,080   6,228
  shareholders   6,236    4,844    3,554



SOURCE Ameris Bancorp

Website: http://www.amerisbank.com
Contact: Dennis J. Zember Jr., Executive Vice President & CFO, (229) 890-1111
 
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