Ameris Bancorp Announces $6.7 Million Of Net Income In The Third Quarter, 2013

Ameris Bancorp Announces $6.7 Million Of Net Income In The Third Quarter, 2013

PR Newswire

MOULTRIE, Ga., Oct. 21, 2013

MOULTRIE, Ga., Oct.21, 2013 /PRNewswire/ -- AMERIS BANCORP (NASDAQ-GS: ABCB),
Moultrie, Georgia, today reported net income available to common shareholders
of $6.2 million, or $0.26 per diluted share, for the quarter ended September
30, 2013, compared to $1.1 million, or $0.04 per diluted share, for the
quarter ended September 30, 2012. For the year to date period ending
September 30, 2013, the Company reported net income available to common
shareholders of $17.3 million, or $0.71 per diluted share, compared to $7.3
million, or $0.30 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, "I'm pleased with another good
quarter, highlighted by stable earnings, modest growth in our total revenues
and strong non-covered loan growth. We anticipate closing the Prosperity
transaction in the fourth quarter and believe we can complete our expense
savings and balance sheet restructuring before the end of 2013."

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

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

  oNon-covered loans increased $33.4 million during the third quarter,
    representing an 8.62% annualized growth rate for the quarter and 12.82%
    for the year to date period.
  oReturn on average assets and return on average tangible equity were 0.94%
    and 10.75%, respectively.
  oTotal revenue increased to $44.0 million in the third quarter of 2013
    compared to $41.5 million in the third quarter in 2012.
  oThe Company's net interest margin was 4.80% in the third quarter of 2013,
    compared to 4.52% in the third quarter of 2012 and 4.96% in the second
    quarter of 2013.
  oTangible common equity to tangible assets increased to 9.22% at September
    30, 2013, compared to 9.15% at June 30, 2013.
  oAnnualized net charge-offs for the current quarter declined to 0.70% of
    total loans, compared to 2.76% for the year ended December 31, 2012.
  oNoninterest income was $12.3 million for the third quarter of 2013,
    compared to $9.8 million in the third quarter of 2012.

Operating Results
Net income in the third quarter of 2013 totaled $6.7 million before preferred
dividends, an increase of $4.8 million compared to the same quarter in 2012.
For the year to date period, the Company's earnings before preferred dividends
were $18.6 million, compared to $9.8 million in the year to date period in
2012. Return on average assets and average common equity were 0.94% and
10.75%, respectively, in the third quarter of 2013 compared to 0.26% and
3.12%, respectively, in the same quarter of 2012. Slightly larger levels of
total revenue coupled with lower levels of credit expense combined to improve
the Company's results.

Net Interest Income and Net Interest Margin
Net interest income for the third quarter of 2013 totaled $29.3 million, an
increase of $1.1 million, or 3.8%, compared to the $28.2 million reported for
the third quarter of 2012. The Company's net interest margin during the
current quarter was 4.80%, compared to 4.52% during the third quarter of
2012.

Yields on earning assets in the third quarter of 2013 were 5.20%, compared to
5.06% in the third quarter of 2012. An improving mix of earning assets, more
heavily concentrated in loans, helped offset declining yields on the Company's
loan portfolio. Earning assets totaled $2.46 billion at the end of the third
quarter of 2013, compared to $2.44 billion at the end of the third quarter of
2012. Average loans comprised 84.1% of average earning assets in the third
quarter of 2013, compared to 80.1% in the third quarter of 2012, while
investment securities reduced from 14.9% of total earning assets at September
30, 2012 to 13.1% at September 30, 2013.

Yields on non-covered loans for the third quarter of 2013 were 5.36%, compared
to 5.68% in the same quarter in 2012. Covered loan yields increased from
6.19% in the third quarter of 2012 to 7.65% in the third quarter of 2013. The
covered loan yields continue to be positively impacted by fair value
adjustments and the resolution of problem credits. Production yields in the
most recent quarter were 4.86%, compared to 5.33% in the third 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 recent increases in interest rates.

The Company continued to experience savings on deposit costs as in recent
quarters. Total costs of deposits fell to 0.33%, compared to 0.34% in the
second quarter of 2013 and 0.46% in the third quarter of 2012. Savings on
time deposits were most significant, with CD costs falling from 0.97% in the
third quarter of 2012 to 0.69% in the third quarter of 2013. Additional
savings have been achieved from improvement in the deposit mix, with time
deposits representing only 26.8% of total deposits in the current quarter in
2013, compared to 32.0% in the third quarter of 2012.

Non-interest Income
Non-interest income in the third quarter of 2013 improved to $12.3 million,
compared to $9.8 million in the same quarter of 2012. The Company's mortgage
operations continued to grow during the third quarter of 2013, as mortgage
revenues increased to $5.2 million for the quarter, compared to $3.7 million
for the same quarter of 2012. The Company continues to focus on recruiting
and retaining higher volume producers with concentrations in purchase
transactions but anticipates a slower pace of hiring in the coming quarters.
Volumes in the third quarter of 2013 were 77% centered on purchase
transactions compared to 62% in the same quarter in 2012.

Also, during the third quarter, the Company recorded pre-tax gains of
approximately $695,000 on sales of SBA loans. There were no gains recorded in
the same period of 2012 and total pre-tax gains recorded for the current year
are $1.3 million. Up until the end of the third quarter of 2013, the Company
had relied on the production through branch referrals and had not recruited
development officers focused on SBA production. The Company anticipates
hiring producers with the goal of building a material revenue source
associated with SBA.

Non-interest Expense
Total operating expenses for the third quarter of 2013 were $28.7 million,
compared to $28.8 million for the third quarter of 2012. Salaries and
benefits increased to $14.4 million in the current quarter of 2013, compared
to $13.8 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 $10.8 million in the third
quarter of 2013, compared to $11.4 million in the third quarter of 2012.
Included in operating expenses during the third quarter was approximately
$413,000 of merger and conversion costs associated with the acquisition of the
Prosperity Banking Company.

Increases in compensation costs were offset by declines in non-provision
credit-related costs, which fell from $3.7 million in the third quarter of
2012 to $3.0 million in the third quarter of 2013. Occupancy and equipment
costs, declined when compared to prior year levels, while data processing and
telecommunications expense increased during the same time period. Other
operating expenses for the current quarter of 2013 were $4.4 million, compared
to $4.6 million in the third quarter of 2012.

Balance Sheet Trends
Total assets at September 30, 2013 were $2.82 billion, a decrease of $200.6
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
$2.46 billion at September 30, 2013. Total loans increased during that period
from $2.01 billion at the end of 2012 to $2.08 billion at the end of the third
quarter and now represent 84.3% of total earning assets, compared to 78.8% at
the end of the year.

Total non-covered loans increased $138.6 million during the first nine months
of 2013 to end at $1.59 billion at September 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 12.8% annualized
increase in loans. Additionally, covered loans fell by $25.9 million during
the third quarter of 2013 to $417.6 million compared to balances reported at
June 30, 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 $181.2 million to $2.44 billion during the first nine
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 $44.3
million at September 30, 2013. Additional declines in future quarters may
occur as there are $23.2 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 September 30, 2013, the Company's FDIC loss-sharing receivable totaled
$81.8 million, which is comprised of $55.4 million in indemnification asset
(for reimbursements associated with anticipated losses in future quarters) and
$26.4 million in current charge-offs and expenses already incurred but not yet
submitted for reimbursement. This is a significant decrease from the $105.5
million FDIC loss-sharing receivable recorded at June 30, 2013, which was
comprised of $75.7 million in indemnification asset and $29.8 million in
current charge-offs and expenses.

Credit Expenses and Asset Quality
Non-performing assets declined to $69.7 million, a decrease of $9.0 million,
from $78.7 million reported at December 31, 2012. Nonaccrual loans declined
$7.2 million to $31.7 million at September 30, 2013, compared to $38.9 million
at December 31, 2012. The Company's balances in non-covered OREO (other real
estate owned) decreased $1.9 million to $38.0 million at September 30, 2013,
compared to $39.9 million at December 31, 2012. Classified assets to total
regulatory capital declined to 28.6% at the end of the third quarter of 2013,
compared to 32.3% at the same time in 2012.

The Company's quarterly provision for loan losses was $2.9 million in the
third quarter of 2013, compared to $6.5 million in the same quarter in 2012.
Net charge-offs on loans during the third quarter of 2013 were $2.8 million,
compared to $2.9 million during the second quarter of 2013 and $6.0 million
during the third quarter of 2012. As a percentage of loans, net charge-offs
were 0.70% of average loans on an annualized basis for the third quarter of
2013, compared to 0.74% during the second quarter of 2013 and 1.65% during the
third quarter of 2012.

Acquisition of the Prosperity Banking Company Update
As announced on May 2, 2013, the Company has a pending acquisition of the
Prosperity Banking Company, a bank holding company headquartered in Saint
Augustine, Florida. The acquisition is subject to customary conditions, to
include regulatory approval and approval by Prosperity's shareholders at their
scheduled meeting on November 20, 2013. Management expects to close the
transaction during the fourth quarter of 2013. The acquisition will add 12
banking locations to the Ameris footprint in northeast Florida and will expand
the Company's presences in the Florida panhandle. The acquisition will add
approximately $740.8 million in total assets and $492.7 million in deposits to
the current Ameris franchise.

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                                          Nine Months Ended
               Sept.       Jun.        Mar.        Dec.        Sept.       Sept.       Sept.
               2013        2013        2013        2012        2012        2013        2012
EARNINGS
 Net
 Income/(Loss) $       $       $       $       $       $       $    
 Available to                                           17,314   7,304
 Common        6,234       6,236       4,844       3,554       1,076
 Shareholders
PER COMMON
SHARE DATA
 Earnings per
 share
 available to
 common
 shareholders:
               $       $       $       $       $       $       $    
   Basic                                                      0.31
                0.26       0.26       0.20      0.15        0.05        0.72
               $       $       $       $       $       $       $    
   Diluted                                                    0.30
                0.26       0.26       0.20      0.15        0.04        0.71
 Cash          $       $       $       $       $       $       $    
 Dividends per                                               -
 share            -        -       -      -           -          -
 Stock         -           -           -           -           -           -           -
 dividend
 Book value    $       $       $       $       $       $       $    
 per share                                                      10.41
 (period end)  10.98       10.88       10.72       10.56       10.41       10.98
 Tangible book $       $       $       $       $       $    
 value per                                                     $    
 share (period 10.85       10.74       10.57       10.39       10.23       10.85        10.23
 end)
 Weighted
 average
 number of
 shares:
   Basic       23,900,665  23,878,898  23,867,691  23,815,583  23,819,144  23,882,539  23,800,121
   Diluted     24,315,821  24,287,628  24,246,346  23,857,095  23,973,369  24,297,695  23,954,346
 Period-end
 number of     23,907,509  23,894,327  23,875,680  23,799,768  23,819,144  23,907,509  23,819,144
 shares
 Market data:
   High        $       $       $       $       $       $       $    
   closing                                                      13.40
   price       19.79       16.94       14.51       12.71       12.88       19.79
   Low closing $       $       $       $       $       $       $    
   price                                                        10.34
               17.35       13.16       12.79       10.50       11.27       12.79
   Period end  $       $       $       $       $       $       $    
   closing                                                      12.59
   price       18.38       16.85       14.35       12.49       12.59       18.38
   Average
   daily       75,545      53,403      51,887      48,295      45,543      60,457      54,325
   volume
PERFORMANCE
RATIOS
 Return on
 average       0.94%       0.95%       0.75%       0.62%       0.26%       0.89%       0.44%
 assets
 Return on
 average       10.75%      10.66%      8.53%       7.72%       3.12%       10.11%      5.38%
 common equity
 Earning asset 5.20%       5.38%       5.21%       5.22%       5.06%       5.26%       5.20%
 yield (TE)
 Total cost of 0.39%       0.40%       0.40%       0.44%       0.51%       0.39%       0.60%
 funds
 Net interest  4.80%       4.96%       4.79%       4.75%       4.52%       4.85%       4.55%
 margin (TE)
 Non-interest
 income
 excluding
 securities
 transactions,
   as a
   percent of
   total       27.76%      26.16%      26.27%      25.86%      23.60%      26.74%      18.11%
   revenue
   (TE) ^(1)
 Efficiency    69.09%      65.32%      72.76%      71.85%      75.68%      69.02%      68.55%
 ratio
CAPITAL
ADEQUACY
(period end)
 Stockholders'
 equity to     10.30%      10.25%      9.91%       9.24%       10.14%      10.30%      10.14%
 assets
 Tangible
 common equity 9.22%       9.15%       8.83%       8.20%       8.27%       9.22%       8.27%
 to tangible
 assets
EQUITY TO
ASSETS
RECONCILIATION
 Tangible
 common equity 9.22%       9.15%       8.83%       8.20%       8.27%       9.22%       8.27%
 to tangible
 assets
 Effect of
 preferred     0.99%       0.99%       0.97%       0.92%       1.74%       0.99%       1.74%
 equity
 Effect of
 goodwill and  0.09%       0.11%       0.11%       0.12%       0.13%       0.09%       0.14%
 other
 intangibles
   Equity to
   assets      10.30%      10.25%      9.91%       9.24%       10.14%      10.30%      10.14%
   (GAAP)
OTHER
PERIOD-END
DATA
 Banking       678         683         693         736         754         678         754
 Division FTE
 Mortgage      158         155         127         130         118         158         118
 Division FTE
   Total
   Ameris      836         838         820         866         872         836         872
   Bancorp FTE
   Headcount
 Assets per    $       $       $       $       $       $       $    
 FTE                                                            3,382
               3,371       3,352       3,490       3,486       3,382       3,371
 Branch        57          57          57          66          66          57          66
 locations
 Deposits per  $       $       $       $       $       $       $    
 branch                                  39,768    39,093    42,867  39,093
 location      42,867      42,861      43,684
 ^(1) Includes
 gain from
 acquisition.



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                       Three Months Ended                      Nine Months
                                                               Ended
                       Sept.   Jun.    Mar.    Dec.    Sept.   Sept.   Sept.
                       2013    2013    2013    2012    2012    2013    2012
INCOME STATEMENT
Interest income
                       $     $     $     $     $     $     $   
 Interest and fees on                                
 loans                                                     88,981
                       29,633  29,859  28,716  30,329  29,165  88,208
 Interest on taxable   1,720   1,719   1,697   1,737   2,017   5,136   6,513
 securities
 Interest on           352     344     375     371     365     1,071   1,104
 nontaxable securities
 Interest on deposits  44      29      85      102     104     158     332
 in other banks
 Interest on federal   -       -       -       -       -       0       10
 funds sold
     Total interest    31,749  31,951  30,873  32,539  31,651  94,573  96,940
     income
Interest expense
                       $     $     $     $     $     $  
                                                     $   
 Interest on deposits                                   
                                            2,603   3,005   6,334   10,724
                       2,025   2,083   2,226
 Interest on other     404     392     309     377     408     1,105   1,370
 borrowings
     Total interest    2,429   2,475   2,535   2,980   3,413   7,439   12,094
     expense
Net interest income    29,320  29,476  28,338  29,559  28,238  87,134  84,846
Provision for loan     2,920   4,165   2,923   4,442   6,540   10,008  26,647
losses
Net interest           $     $     $     $     $     $     $   
income/(loss) after                                  
provision for loan                                         58,199
losses                 26,400  25,311  25,415  25,117  21,698  77,126
Noninterest income
                       $     $     $     $     $     $  
 Service charges on                                  $   
 deposit accounts                                        
                                            5,299   5,121   14,480  14,277
                       4,948   4,695   4,837
 Mortgage banking      5,232   5,001   4,464   4,768   3,740   14,697  8,221
 activity
 Other service
 charges, commissions  593     617     329     387     331     1,539   1,044
 and fees
 Gain(loss) on sale of -       (1)     172     322     -       171     -
 securities
 Gains from            -       -       -       -       -       -       20,037
 acquisitions
 Other non-interest    1,515   1,072   1,558   1,128   639     4,145   2,391
 income
     Total noninterest 12,288  11,384  11,360  11,904  9,831   35,032  45,970
     income
Noninterest expense
 Salaries and employee 14,412  13,381  13,806  15,785  13,766  41,599  37,337
 benefits
 Occupancy and         3,149   2,978   2,931   3,653   3,340   9,058   9,555
 equipment expenses
 Data processing and
 telecommunications    3,072   2,836   2,570   3,254   2,599   8,478   7,429
 expenses
 Credit related        2,971   2,349   4,844   2,548   3,706   10,164  19,868
 expenses ^(1)
 Advertising and       434     327     255     488     421     1,016   1,134
 marketing expenses
 Amortization of       346     358     364     364     364     1,068   996
 intangible assets
 Other non-interest    4,365   4,459   4,114   3,699   4,614   12,938  13,360
 expenses
     Total noninterest 28,749  26,688  28,884  29,791  28,810  84,321  89,679
     expense
                       $     $     $     $     $     $  
Operating                                            $   
profit/(loss)                                            
                              10,007         7,230   2,719   27,837  14,490
                       9,939           7,891
 Income tax            3,262   3,329   2,606   2,558   816     9,197   4,727
 (benefit)/expense
                       $     $     $     $     $     $  
                                                     $   
Net income/(loss)                                         
                                            4,672   1,903   18,640  9,763
                       6,677   6,678   5,285
Preferred stock        443     442     441     1,118   827     1,326   2,459
dividends
Net income/(loss)
available
                       $     $     $     $     $     $  
 to common                                       $   
shareholders                                              
                                            3,554   1,076   17,314  7,304
                       6,234   6,236   4,844
Diluted earnings
available to common    0.26    0.26    0.20    0.15    0.04    0.71    0.30
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
                      Sept.       Jun.        Mar.        Dec.        Sept.
                      2013        2013        2013        2012        2012
PERIOD-END BALANCE
SHEET
Assets
 Cash and due from    $       $       $       $       $    
 banks                                          80,256    57,289
                      53,516      50,343      50,487
 Federal funds sold
 and interest bearing 73,899      43,904      81,205      193,677     66,872
 balances
 Investment
 securities available 312,248     316,168     324,029     346,909     361,051
 for sale, at fair
 value
 Other investments    7,764       7,764       5,528       6,832       7,003
 Mortgage loans held  69,634      62,580      42,332      48,786      29,021
 for sale
 Loans, net of        1,589,267   1,555,827   1,492,753   1,450,635   1,439,862
 unearned income
 Covered loans        417,649     443,517     460,724     507,712     546,234
 Less allowance for   23,854      24,217      23,382      23,593      25,901
 loan losses
  Loans, net          1,983,062   1,975,127   1,930,095   1,934,754   1,960,195
 Other real estate    37,978      39,885      40,434      39,850      37,325
 owned
 Covered other real   52,552      62,178      77,915      88,273      88,895
 estate owned
  Total other real    90,530      102,063     118,349     128,123     126,220
  estate owned
 Premises and         65,661      70,167      72,340      75,983      75,609
 equipment, net
 Intangible assets,   1,972       2,318       2,676       3,040       3,404
 net
 Goodwill             956         956         956         956         956
 FDIC loss sharing    81,763      105,513     160,979     159,724     198,440
 receivable
 Cash value of bank   49,095      47,495      45,832      15,603      50,087
 owned life insurance
 Other assets         28,402      24,277      26,843      24,409      13,236
                      $       $       $       $        $   
  Total assets                                         3,019,052  2,949,383
                      2,818,502  2,808,675  2,861,651
Liabilities
 Deposits:
                      $       $       $       $       $    
  Noninterest-bearing                             510,751    464,503
                      475,505     475,445     490,961
  Interest-bearing    1,967,916   1,967,658   1,999,012   2,113,912   2,115,614
 Total deposits       2,443,421   2,443,103   2,489,973   2,624,663   2,580,117
 Federal funds
 purchased &
 securities sold
 under
  agreements to       20,255      19,142      22,919      50,120      17,404
  repurchase
 Other borrowings     5,000       -           -           -           -
 Other liabilities    17,201      16,384      22,768      22,983      10,387
 Subordinated
 deferrable interest  42,269      42,269      42,269      42,269      42,269
 debentures
  Total liabilities   2,528,146   2,520,898   2,577,929   2,740,035   2,650,177
Stockholders' equity
                      $       $       $       $       $    
 Preferred stock                               27,662    51,207
                      27,938      27,845      27,753
 Common stock        25,271      25,258      25,239      25,155      25,155
 Capital surplus     165,835     165,483     165,078     164,949     164,182
 Retained earnings   83,025      76,791      70,554      65,710      62,156
 Accumulated other
comprehensive         (531)       3,582       6,274       6,607       7,337
income/(loss)
 Less treasury stock (11,182)    (11,182)    (11,176)    (11,066)    (10,831)
  Total stockholders' 290,356     287,777     283,722     279,017     299,206
  equity
  Total liabilities   $       $       $       $        $   
  and stockholders'                                    3,019,052  2,949,383
  equity              2,818,502  2,808,675  2,861,651
Other Data
Earning Assets        2,462,697   2,421,996   2,401,043   2,547,719   2,443,040
Intangible Assets     2,928       3,274       3,632       3,996       4,360
Interest Bearing      2,035,440   2,029,069   2,064,200   2,206,301   2,175,287
Liabilities
Average Assets        2,806,799   2,820,863   2,875,274   2,985,116   2,935,715
Average Common        246,490     251,240     251,214     240,787     242,614
Stockholders' Equity



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                  Three Months Ended                           Nine Months
                                                               Ended
                  Sept.    Jun.     Mar.     Dec.     Sept.    Sept.   Sept.
                  2013     2013     2013     2012     2012     2013    2012
ASSET QUALITY
INFORMATION ^ (1)
Allowance for
loan losses
  Balance at      $     $     $     $     $     $     $   
  beginning of                                    
  period                                  25,901   26,198          35,156
                  24,217   23,382   23,593                     23,593
  Provision for   2,449    3,695    2,603    4,091    5,690    8,747   24,360
  loan loss ^(2)
     Charge-offs  3,457    3,200    3,036    6,996    6,092    9,693   34,167
     Recoveries   645      340      222      597      105      1,207   552
  Net charge-offs 2,812    2,860    2,814    6,399    5,987    8,486   33,615
  (recoveries)
                  $     $     $     $     $     $     $   
  Ending balance                                  
                                          23,593   25,901          25,901
                  23,854   24,217   23,382                     23,854
  As a percentage 1.50%    1.56%    1.57%    1.63%    1.80%    1.50%   1.80%
  of loans
  As a percentage
  of              75.20%   76.13%   62.39%   60.67%   67.76%   75.20%  67.76%
  nonperforming
  loans
Net charge-off
information
  Charge-offs
  Commercial,     $     $     $     $     $     $     $   
  Financial and                                    
  Agricultural                       562    235         889
                  482     324     410                       1,216
  Real Estate -   1,323    1,328    779      2,080    2,268    3,430   6,642
  Residential
  Real Estate -
  Commercial and  1,080    768      1,025    2,352    715      2,873   18,199
  Farmland
  Real Estate -
  Construction    367      576      655      1,561    2,608    1,598   7,819
  and Development
  Consumer        205      204      167      441      266      576     618
  Installment
     Total        3,457    3,200    3,036    6,996    6,092    9,693   34,167
     charge-offs
  Recoveries
  Commercial,
  Financial and   212      44       84       56       23       340     101
  Agricultural
  Real Estate -   291      144      85       26       37       520     199
  Residential
  Real Estate -
  Commercial and  5        10       3        450      8        18      32
  Farmland
  Real Estate -
  Construction    84       2        2        17       4        88      23
  and Development
  Consumer        53       140      48       48       33       241     197
  Installment
     Total        645      340      222      597      105      1,207   552
     recoveries
                  $     $     $     $     $     $     $   
  Net charge-offs                               
  (recoveries)                         6,399    5,987          33,615
                  2,812    2,860    2,814                      8,486
Non-accrual loans 31,720   31,811   37,476   38,885   38,225   31,720  38,225
Foreclosed assets 37,978   39,885   40,434   39,850   37,325   37,978  37,325
^
Accruing loans
delinquent 90     -        -        -        -        -        -       -
days or more
Total
non-performing    69,698   71,696   77,910   78,735   75,550   69,698  75,550
assets
Non-performing
assets as a       2.47%    2.55%    2.72%    2.61%    2.56%    2.47%   2.56%
percent of total
assets
Net charge offs
as a percent of   0.70%    0.74%    0.76%    1.75%    1.65%    0.71%   3.12%
loans
(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:
                       Sept.       Jun.        Mar.        Dec.        Sept.
  Loans by Type        2013        2013        2013        2012        2012
  Commercial,          $       $       $       $       $    
  financial &                                      174,217    189,374
  agricultural         244,991     208,424     180,888
  Real estate -
  construction &       132,277     134,607     130,161     114,199     125,315
  development
  Real estate -
  commercial &         799,149     788,654     766,227     732,322     713,240
  farmland
  Real estate -        355,920     357,685     355,716     346,480     343,332
  residential
  Consumer installment 36,303      36,923      37,335      40,178      43,441
  Other                20,627      29,534      22,426      43,239      25,160
   Total Legacy     $       $       $       $        $   
  (non-covered)                                         1,450,635  1,439,862
                       1,589,267  1,555,827  1,492,753
  Commercial,          $       $       $       $       $    
  financial &                                    32,606    37,167
  agricultural         27,768      27,371      28,568
  Real estate -
  construction &       50,702      52,972      57,114      70,184      73,356
  development
  Real estate -
  commercial &         237,086     255,102     260,159     278,506     298,903
  farmland
  Real estate -        101,146     107,107     113,668     125,056     135,154
  residential
  Consumer installment 947         965         1,215       1,360       1,654
   Total Covered    $       $       $       $       $    
  (at fair value)                                  507,712    546,234
                       417,649     443,517     460,724
  Total Loan
  Portfolio:
  Commercial,          $       $       $       $       $    
  financial &                                      206,823    226,541
  agricultural         272,759     235,795     209,456
  Real estate -
  construction &       182,979     187,579     187,275     184,383     198,671
  development
  Real estate -
  commercial &         1,036,235   1,043,756   1,026,386   1,010,828   1,012,143
  farmland
  Real estate -        457,066     464,792     469,384     471,536     478,486
  residential
  Consumer installment 37,250      37,888      38,550      41,538      45,095
  Other                20,627      29,534      22,426      43,239      25,160
                       $       $       $       $        $   
   Total Loans                                       1,958,347  1,986,096
                       2,006,916  1,999,344  1,953,477
  Troubled Debt
  Restructurings:
  Accruing loan types:
  Commercial,          $       $       $       $       $    
  financial &                                          
  agricultural          521      1,059        799      802        804
  Real estate -
  construction &       1,926       1,946       1,883       1,735       1,481
  development
  Real estate -
  commercial &         6,693       7,529       8,878       8,947       9,540
  farmland
  Real estate -        7,871       7,468       6,953       7,254       8,068
  residential
  Consumer installment 13          13          -           6           -
   Total Accruing   $       $       $       $       $    
  TDRs                                           18,744    19,893
                       17,024      18,015      18,513
  Non-accruing loan
  types:
  Commercial,          $       $       $       $       $    
  financial &                                          
  agricultural          533          -      -     -          -
  Real estate -
  construction &       29          29          43          -           -
  development
  Real estate -
  commercial &         1,858       1,493       3,595       4,149       2,770
  farmland
  Real estate -        704         1,046       1,111       1,022       620
  residential
  Consumer installment 26          -           6           -           -
   Total            $       $       $       $       $    
  Non-accrual TDRs                                     
                       3,150       2,568       4,755       5,171       3,390
  Total Troubled Debt  $       $       $       $       $    
  Restructurings                                 23,915    23,283
                       20,174      20,583      23,268
The following table presents the
non-covered loan portfolio by
risk grade:
  Grade 10 - Prime     $       $       $       $       $    
  credit                                         32,993    34,809
                       72,759      44,852      40,268
  Grade 15 - Good      230,810     241,690     232,773     236,500     244,466
  credit
  Grade 20 -           731,154     708,606     665,777     641,950     592,283
  Satisfactory credit
  Grade 23 -
  Performing,          30,729      29,829      29,403      31,433      30,176
  under-collateralized
  credit
  Grade 25 - Minimum   433,358     443,105     425,646     399,210     427,598
  acceptable credit
  Grade 30 - Other
  asset especially     28,952      29,265      32,485      35,298      35,478
  mentioned
  Grade 40 -           61,270      57,880      66,147      72,994      74,606
  Substandard
  Grade 50 - Doubtful  235         598         254         257         446
  Grade 60 - Loss      -           2           -           -           -
                       $       $       $       $        $   
   Total                                               1,450,635  1,439,862
                       1,589,267  1,555,827  1,492,753



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
               Three Months Ended                                          Nine Months Ended
               Sept.       Jun.        Mar.        Dec.        Sept.       Sept.       Sept.
               2013        2013        2013        2012        2012        2013        2012
AVERAGE
BALANCES
  Federal      $       $       $       $       $       $       $    
  funds sold                                             14,977
                   -       -      -    57         10           -
  Interest
  bearing      66,424      52,090      101,452     152,875     125,775     73,194      137,139
  deposits in
  banks
  Investment
  securities - 260,262     271,282     286,745     300,773     316,967     273,303     317,590
  taxable
  Investment
  securities - 52,279      50,300      53,819      52,017      47,819      52,127      46,800
  nontaxable
  Other        7,764       7,002       6,687       6,702       7,213       7,155       8,784
  investments
  Mortgage
  loans held   125,113     100,766     63,732      46,763      31,759      103,658     31,365
  for sale
  Loans        1,500,447   1,471,778   1,424,594   1,424,302   1,398,468   1,458,988   1,377,277
  Covered      427,482     444,616     491,691     519,892     574,897     454,361     564,995
  loans
   Total      $       $                                           $        $  
  Earning                            2,428,720   2,503,381   2,502,908   2,422,786  2,498,927
  Assets       2,439,771  2,397,834
  Noninterest  $       $       $       $       $       $       $   
  bearing                                  502,069    452,019    476,419   430,726
  deposits     468,588     479,054     481,760
  NOW accounts 573,088     579,312     633,313     626,440     593,204     595,017     605,939
  MMDA         639,304     611,562     592,842     606,908     631,231     614,740     615,827
  Savings      104,498     104,534     102,380     100,722     102,129     103,812     95,555
  accounts
  Retail CDs < 290,771     298,553     313,191     342,518     365,807     302,373     369,497
  $100,000
  Retail CDs > 349,931     358,980     368,577     391,075     430,677     357,478     424,117
  $100,000
  Brokered CDs 12,970      16,176      19,448      34,588      41,799      16,174      64,890
   Total      2,439,150   2,448,171   2,511,511   2,604,320   2,616,866   2,466,013   2,606,551
  Deposits
  FHLB         -           -           -           -           2,160       -           4,855
  advances
  Other        1,739       -           -           -           -           586         -
  borrowings
  Subordinated 42,269      42,269      42,269      42,269      42,269      42,269      42,269
  debentures
  Federal
  funds
  purchased
  and
  securities
  sold
  under
  agreements   18,446      20,530      27,191      36,165      17,146      22,024      23,339
  to
  repurchase
   Total
  Non-Deposit  62,454      62,799      69,460      78,434      61,575      64,879      70,463
  Funding
   Total      $       $       $       $        $        $        $  
  Funding                                       2,682,754  2,678,441  2,530,892  2,677,014
               2,501,604  2,510,970  2,580,971

AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                 Three Months Ended                           Nine Months
                                                              Ended
                 Sept.    Jun.     Mar.     Dec.     Sept.    Sept.    Sept.
                 2013     2013     2013     2012     2012     2013     2012
INTEREST
INCOME/EXPENSE
 INTEREST INCOME
                 $     $     $     $     $     $     $   
  Federal funds                                   
  sold                                           10
                   -      -     -     -       -        -
  Interest
  bearing        44       29       85       102      104      158      332
  deposits in
  banks
  Investment
  securities -   1,720    1,719    1,697    1,737    2,017    5,136    6,513
  taxable
  Investment
  securities -   475      464      506      501      493      1,446    1,491
  nontaxable
  (TE)
  Mortgage loans 1,231    959      572      455      285      2,762    603
  held for sale
  Loans (TE)     20,254   19,904   19,604   20,224   19,983   59,762   57,548
  Covered loans  8,248    9,066    8,765    9,859    8,951    26,079   30,731
                 $     $     $     $     $     $     $   
  Total Earning                                   
  Assets                                 32,878   31,833   95,342   97,228
                 31,972   32,141   31,229
 INTEREST
 EXPENSE
  Non-interest   $     $     $     $     $     $     $   
  bearing                                         
  deposits                                        -
                   -      -     -     -       -        -
  NOW accounts   248      250      302      340      300      800      1,273
  MMDA           606      555      522      537      625      1,683    2,274
  Savings        29       29       29       30       32       87       102
  accounts
  Retail CDs <   406      437      498      600      726      1,341    2,501
  $100,000
  Retail CDs >   635      675      706      815      990      2,016    3,301
  $100,000
  Brokered CDs   101      137      169      281      332      407      1,272
  Total Deposits 2,025    2,083    2,226    2,603    3,005    6,334    10,723
  FHLB advances  -        -        -        -        15       0        110
  Other          20       -        -        -        -        20       0
  borrowings
  Subordinated   359      363      270      332      362      992      1,151
  debentures
  Repurchase     25       28       37       43       29       90       106
  agreements
  Correspondent
  bank line of   1        1        2        2        2        4        4
  credit and
  other
   Total
  Non-Deposit    405      392      309      377      408      1,106    1,371
  Funding
                 $     $     $     $     $     $     $   
   Total                                      
  Funding                             2,980    3,413    7,440    12,094
                 2,430    2,475    2,535
                 $     $     $     $     $     $     $   
  Net Interest                                    
  Income (TE)                            29,898   28,420   87,902   85,134
                 29,542   29,666   28,694



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                           Three Months Ended                     Nine Months
                                                                  Ended
                           Sept.    Jun.     Mar.   Dec.   Sept.  Sept.  Sept.
                           2013     2013     2013   2012   2012   2013   2012
YIELDS (1)
    Federal funds sold     0.00%    0.00%    0.00%  0.00%  0.00%  0.00%  0.09%
    Interest bearing       0.26%    0.22%    0.34%  0.27%  0.33%  0.29%  0.32%
    deposits in banks
    Investment securities  2.62%    2.54%    2.40%  2.30%  2.53%  2.51%  2.74%
    - taxable
    Investment securities  3.61%    3.70%    3.81%  3.83%  4.10%  3.71%  4.26%
    - nontaxable
    Mortgage loans held    3.90%    3.82%    3.64%  3.87%  3.57%  3.56%  2.57%
    for sale
    Loans                  5.36%    5.42%    5.58%  5.65%  5.68%  5.48%  5.58%
    Covered loans          7.65%    8.18%    7.23%  7.54%  6.19%  7.67%  7.27%
     Total Earning Assets 5.20%    5.38%    5.21%  5.22%  5.06%  5.26%  5.20%
    Noninterest bearing    0.00%    0.00%    0.00%  0.00%  0.00%  0.00%  0.00%
    deposits
    NOW accounts           0.17%    0.17%    0.19%  0.22%  0.20%  0.18%  0.28%
    MMDA                   0.38%    0.36%    0.36%  0.35%  0.39%  0.37%  0.49%
    Savings accounts       0.11%    0.11%    0.11%  0.12%  0.12%  0.11%  0.14%
    Retail CDs < $100,000  0.55%    0.59%    0.64%  0.70%  0.79%  0.59%  0.90%
    Retail CDs > $100,000  0.72%    0.75%    0.78%  0.83%  0.91%  0.75%  1.04%
    Brokered CDs           3.09%    3.40%    3.52%  3.23%  3.16%  3.36%  2.62%
     Total Deposits       0.33%    0.34%    0.36%  0.40%  0.46%  0.34%  0.55%
    FHLB advances          0.00%    0.00%    0.00%  0.00%  2.76%  0.00%  3.03%
    Subordinated           3.37%    3.44%    2.59%  3.12%  3.41%  3.14%  3.64%
    debentures
    Repurchase agreements  0.54%    0.55%    0.55%  0.47%  0.67%  0.55%  0.61%
    Correspondent bank
    line of credit and     0.00%    0.00%    0.00%  0.00%  0.00%  0.00%  0.00%
    other
     Total Non-Deposit    2.57%    2.50%    1.80%  1.91%  2.64%  2.28%  2.60%
    Funding
     Total funding (3)    0.39%    0.40%    0.40%  0.44%  0.51%  0.39%  0.60%
    Net interest spread    4.81%    4.98%    4.81%  4.78%  4.55%  4.87%  4.59%
    Net interest margin    4.80%    4.96%    4.79%  4.75%  4.52%  4.85%  4.55%
(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                           Nine Months Ended
                         Sept.    Jun.     Mar.     Dec.     Sept.    Sept.    Sept.
  Pretax, Pre-provision
  Earnings               2013     2013     2013     2012     2012     2013     2012
  Reconciliation
                         $     $     $     $     $     $     $   
  Pre-tax operating                                     
  profit/(loss)                                7,230    2,719    27,837   14,490
                         9,939    10,007   7,891
  Plus: Credit Related
  Costs
   Provision for loan 2,920    4,165    2,923    4,442    6,540    10,008   26,647
  losses
   (Gains)/Losses on
  the sale of legacy     (157)    134      (20)     464      983      (43)     9,048
  OREO
   Problem loan and   3,128    2,215    4,864    2,084    2,724    10,207   10,821
  OREO expense
   Interest reversed
  (received) on          216      118      54       227      159      388      491
  non-accrual loans
   Total           6,107    6,632    7,821    7,217    10,406   20,560   47,007
  Credit-Related 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     159      (227)    (242)    -        -        (310)    -
  bank premises
   Other
  non-recurring          (1,771)  (2,067)  (1,017)  (2,423)  602      (4,855)  602
  adjustments
                         $     $     $     $     $     $     $   
  Pretax, Pre-provision                                   
  earnings                                       13,827   13,727   43,061   42,062
                         14,434   14,346   14,281
  As percentage of
  average assets,        2.04%    2.04%    2.01%    1.84%    1.86%    2.05%    1.91%
  annualized
                         Three Months Ended                           Nine Months Ended
                         Sept.    Jun.     Mar.     Dec.     Sept.    Sept.    Sept.
  Recurring Operating    2013     2013     2013     2012     2012     2013     2012
  Expenses
  Total Operating        28,749   26,688   28,884   29,791   28,810   84,321   89,679
  Expenses
  Less: Credit costs &
  non-recurring charges
   Gains/(Losses) on
  the sale of legacy     157      (134)    20       (464)    (983)    43       (9,048)
  OREO
   Gains/(Losses) on
  the sale of covered    -        -        (3,176)  -        -        (3,176)  -
  OREO
   Problem loan and   (3,128)  (2,215)  (1,688)  (2,084)  (2,724)  (7,031)  (10,821)
  OREO expense
   Severance payments  (99)     -        -        (750)    -        (99)     (552)
  Conversion/Acquisition (413)    -        -        (1,375)  -        (413)    (285)
  expenses
   Gains/(Losses) on   (159)    227      242      -        -        310      -
  the sale of premises
                         $     $     $     $     $     $     $   
  Recurring operating                                     
  expenses                                       25,118   25,103   73,955   68,973
                         25,107   24,566   24,282



AMERIS BANCORP
FINANCIAL HIGHLIGHTS
(unaudited)
(dollars in thousands except per share data and FTE headcount)
                 Three Months Ended                           Nine Months
                                                              Ended
                 Sept.    Jun.     Mar.     Dec.     Sept.    Sept.    Sept.
  Segment        2013     2013     2013     2012     2012     2013     2012
  Reporting
  Banking
  Division:
   Net         $     $     $     $     $     $     $   
  interest                                        
  income                                 29,104   27,953   84,372   84,243
                 28,089   28,517   27,766
   Provision
  for loan       2,920    4,165    2,923    4,442    6,540    10,008   26,647
  losses
   Noninterest 7,054    6,383    6,896    7,136    6,091    20,333   37,749
  income
   Noninterest
  expense:
   Salaries
  and employee   10,799   10,478   11,037   13,021   11,446   32,314   32,435
  benefits
            3,029    2,781    2,765    3,476    3,190    8,575    9,250
  Occupancy
   Data     2,908    2,634    2,471    3,119    2,510    8,013    7,222
  Processing
   Other    7,473    6,444    8,890    6,586    8,706    22,807   34,470
  expenses
   Total
  noninterest    24,209   22,337   25,163   26,202   25,852   71,709   83,377
  expense
  Income before  8,014    8,398    6,576    5,596    1,652    22,988   11,968
  income taxes
   Income Tax  2,588    2,766    2,146    1,986    443      7,500    3,845
   Net   5,426    5,632    4,430    3,610    1,209    15,488   8,123
  income
   Preferred
  stock          443      442      441      1,118    827      1,326    2,459
  dividends
  Net income     $     $     $     $     $     $     $   
  available to                                   
  common                              2,492     382   14,162   5,664
  shareholders   4,983    5,190    3,989
  Mortgage
  Division:
   Net         $     $     $     $     $     $     $   
  interest                                        
  income                             455    285   2,762    603
                 1,231    959     572
   Provision
  for loan       -        -        -        -        -        -        -
  losses
   Noninterest 5,234    5,001    4,464    4,768    3,740    14,699   8,221
  income
   Noninterest                                              -
  expense:
   Salaries
  and employee   3,613    2,903    2,769    2,764    2,320    9,285    4,902
  benefits
            120      197      166      177      150      483      305
  Occupancy
   Data     164      202      99       135      89       465      207
  Processing
   Other    643      1,049    687      513      399      2,379    888
  expenses
   Total
  noninterest    4,540    4,351    3,721    3,589    2,958    12,612   6,302
  expense
  Income before  1,925    1,609    1,315    1,634    1,067    4,849    2,522
  income taxes
   Income Tax  674      563      460      572      373      1,697    882
   Net   1,251    1,046    855      1,062    694      3,152    1,640
  income
   Preferred
  stock          -        -        -        -        -        -        -
  dividends
  Net income     $     $     $     $     $     $     $   
  available to                                  
  common                             1,062     694   3,152    1,640
  shareholders   1,251    1,046    855
  Total
  Consolidated:
   Net         $     $     $     $     $     $     $   
  interest                                        
  income                                 29,559   28,238   87,134   84,846
                 29,320   29,476   28,338
   Provision
  for loan       2,920    4,165    2,923    4,442    6,540    10,008   26,647
  losses
   Noninterest 12,288   11,384   11,360   11,904   9,831    35,032   45,970
  income
   Noninterest
  expense:
   Salaries
  and employee   14,412   13,381   13,806   15,785   13,766   41,599   37,337
  benefits
            3,149    2,978    2,931    3,653    3,340    9,058    9,555
  Occupancy
   Data     3,072    2,836    2,570    3,254    2,599    8,478    7,429
  Processing
   Other    8,116    7,493    9,577    7,099    9,105    25,186   35,358
  expenses
   Total
  noninterest    28,749   26,688   28,884   29,791   28,810   84,321   89,679
  expense
  Income before  9,939    10,007   7,891    7,230    2,719    27,837   14,490
  income taxes
   Income Tax  3,262    3,329    2,606    2,558    816      9,197    4,727
   Net   6,677    6,678    5,285    4,672    1,903    18,640   9,763
  income
   Preferred
  stock          443      442      441      1,118    827      1,326    2,459
  dividends
  Net income     $     $     $     $     $     $     $   
  available to                                   
  common                              3,554    1,076    17,314   7,304
  shareholders   6,234    6,236    4,844



SOURCE Ameris Bancorp

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