10-K
Annual Report
AMERIS BANCORP
ABCB
NYSE
CIK: 351569
File #: 001-13901
Balance Sheet
179 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Cash and due from banks | 253,807,000 | 244,980,000 |
Carrying Amount | 253,807,000 | 244,980,000 |
Level 1 - Fair Value | 253,807,000 | 244,980,000 |
Level 2 - Fair Value | 0 | 0 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 253,807,000 | 244,980,000 |
Ameris Bancorp | 82,821,000 | 141,836,000 |
Interest-bearing deposits in banks | 835,113,000 | 975,397,000 |
Carrying Amount | 835,113,000 | 975,397,000 |
Level 1 - Fair Value | 835,113,000 | 975,397,000 |
Level 2 - Fair Value | 0 | 0 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 835,113,000 | 975,397,000 |
Cash and cash equivalents | 1,088,920,000 | 1,220,377,000 |
Debt securities available-for-sale, at fair value, net of allowance for credit losses of $75 and $69 | 2,207,173,000 | 1,671,260,000 |
U.S. Treasuries | 660,625,000 | 796,464,000 |
State, county and municipal securities | 19,061,000 | 24,740,000 |
Corporate debt securities | 5,875,000 | 10,283,000 |
SBA pool securities | 12,208,000 | 70,482,000 |
Mortgage-backed securities | 1,509,404,000 | 768,297,000 |
U.S. government-sponsored agencies | — | 994,000 |
Debt securities held-to-maturity, at amortized cost, net of allowance for credit losses of $0 and $0 (fair value of $189,873 and $144,028) | 203,242,000 | 164,677,000 |
State, county and municipal securities | 33,414,000 | 33,623,000 |
Mortgage-backed securities | 169,828,000 | 131,054,000 |
Other investments | 85,443,000 | 66,298,000 |
Visa Class B-2 Shares | 0 | — |
Loans held for sale, at fair value | 623,152,000 | 528,599,000 |
Loans, net of unearned income | 21,513,522,000 | 20,739,906,000 |
Commercial and Industrial | 3,288,505,000 | 2,953,135,000 |
Consumer | 180,010,000 | 221,735,000 |
Mortgage Warehouse | 1,150,782,000 | 965,053,000 |
Municipal | 434,234,000 | 441,408,000 |
Premium Finance | 1,306,267,000 | 1,155,614,000 |
Real Estate – Construction and Development | 1,469,250,000 | 1,998,506,000 |
Real Estate – Commercial and Farmland | 9,311,405,000 | 8,445,958,000 |
Real Estate - Residential | 4,373,069,000 | 4,558,497,000 |
Commercial and Industrial - Loans 30-59 Days Past Due | 8,890,000 | 12,300,000 |
Commercial and Industrial - Loans 60-89 Days Past Due | 5,938,000 | 5,908,000 |
Commercial and Industrial - Loans 90 or More Days Past Due | 8,470,000 | 12,849,000 |
Commercial and Industrial - Total Loans Past Due | 23,298,000 | 31,057,000 |
Commercial and Industrial - Current Loans | 3,265,207,000 | 2,922,078,000 |
Consumer - Loans 30-59 Days Past Due | 3,655,000 | 2,672,000 |
Consumer - Loans 60-89 Days Past Due | 2,199,000 | 557,000 |
Consumer - Loans 90 or More Days Past Due | 198,000 | 319,000 |
Consumer - Total Loans Past Due | 6,052,000 | 3,548,000 |
Consumer - Current Loans | 173,958,000 | 218,187,000 |
Mortgage Warehouse - Loans 30-59 Days Past Due | 0 | 0 |
Mortgage Warehouse - Loans 60-89 Days Past Due | 0 | 0 |
Mortgage Warehouse - Loans 90 or More Days Past Due | 0 | 0 |
Mortgage Warehouse - Total Loans Past Due | 0 | 0 |
Mortgage Warehouse - Current Loans | 1,150,782,000 | 965,053,000 |
Municipal - Loans 30-59 Days Past Due | 0 | 0 |
Municipal - Loans 60-89 Days Past Due | 0 | 0 |
Municipal - Loans 90 or More Days Past Due | 0 | 0 |
Municipal - Total Loans Past Due | 0 | 0 |
Municipal - Current Loans | 434,234,000 | 441,408,000 |
Premium Finance - Loans 30-59 Days Past Due | 13,463,000 | 15,068,000 |
Premium Finance - Loans 60-89 Days Past Due | 6,961,000 | 6,315,000 |
Premium Finance - Loans 90 or More Days Past Due | 8,492,000 | 12,485,000 |
Premium Finance - Total Loans Past Due | 28,916,000 | 33,868,000 |
Premium Finance - Current Loans | 1,277,351,000 | 1,121,746,000 |
Real Estate – Construction and Development - Loans 30-59 Days Past Due | 2,238,000 | 23,102,000 |
Real Estate – Construction and Development - Loans 60-89 Days Past Due | 349,000 | 461,000 |
Real Estate – Construction and Development - Loans 90 or More Days Past Due | 938,000 | 3,786,000 |
Real Estate – Construction and Development - Total Loans Past Due | 3,525,000 | 27,349,000 |
Real Estate – Construction and Development - Current Loans | 1,465,725,000 | 1,971,157,000 |
Real Estate – Commercial and Farmland - Loans 30-59 Days Past Due | 1,707,000 | 6,787,000 |
Real Estate – Commercial and Farmland - Loans 60-89 Days Past Due | 16,000 | 2,435,000 |
Real Estate – Commercial and Farmland - Loans 90 or More Days Past Due | 5,770,000 | 5,980,000 |
Real Estate – Commercial and Farmland - Total Loans Past Due | 7,493,000 | 15,202,000 |
Real Estate – Commercial and Farmland - Current Loans | 9,303,912,000 | 8,430,756,000 |
Real Estate - Residential - Loans 30-59 Days Past Due | 42,310,000 | 47,020,000 |
Real Estate - Residential - Loans 60-89 Days Past Due | 17,680,000 | 15,864,000 |
Real Estate - Residential - Loans 90 or More Days Past Due | 79,502,000 | 71,070,000 |
Real Estate - Residential - Total Loans Past Due | 139,492,000 | 133,954,000 |
Real Estate - Residential - Current Loans | 4,233,577,000 | 4,424,543,000 |
Loans 30-59 Days Past Due | 72,263,000 | 106,949,000 |
Loans 60-89 Days Past Due | 33,143,000 | 31,540,000 |
Loans 90 or More Days Past Due | 103,370,000 | 106,489,000 |
Total Loans Past Due | 208,776,000 | 244,978,000 |
Current Loans | 21,304,746,000 | 20,494,928,000 |
Risk Grade Nine | 0 | 0 |
Commercial and Industrial - Pass | 3,263,967,000 | 2,914,868,000 |
Commercial and Industrial - Special Mention | 5,102,000 | 11,225,000 |
Commercial and Industrial - Substandard | 19,436,000 | 27,042,000 |
Consumer - Pass | 178,871,000 | 220,253,000 |
Consumer - Special Mention | 42,000 | 92,000 |
Consumer - Substandard | 1,097,000 | 1,390,000 |
Mortgage Warehouse - Pass | 1,150,782,000 | 965,053,000 |
Municipal - Pass | 434,234,000 | 441,408,000 |
Premium Finance - Pass | 1,297,774,000 | 1,143,129,000 |
Premium Finance - Substandard | 8,493,000 | 12,485,000 |
Real Estate – Construction and Development - Pass | 1,465,380,000 | 1,993,947,000 |
Real Estate – Construction and Development - Special Mention | 390,000 | 500,000 |
Real Estate – Construction and Development - Substandard | 3,480,000 | 4,059,000 |
Real Estate – Commercial and Farmland - Pass | 9,234,245,000 | 8,304,349,000 |
Real Estate – Commercial and Farmland - Special Mention | 32,234,000 | 96,336,000 |
Real Estate – Commercial and Farmland - Substandard | 44,926,000 | 45,273,000 |
Real Estate - Residential - Pass | 4,280,492,000 | 4,474,333,000 |
Real Estate - Residential - Special Mention | 1,941,000 | 2,783,000 |
Real Estate - Residential - Substandard | 90,636,000 | 81,381,000 |
Pass | 21,305,745,000 | 20,457,340,000 |
Special Mention | 39,709,000 | 110,936,000 |
Substandard | 168,068,000 | 171,630,000 |
Allowance for credit losses | 348,141,000 | 338,084,000 |
Commercial and Industrial | 88,242,000 | 87,242,000 |
Consumer | 11,503,000 | 7,327,000 |
Mortgage Warehouse | 2,356,000 | 2,262,000 |
Municipal | 57,000 | 58,000 |
Premium Finance | 892,000 | 736,000 |
Real Estate – Construction and Development | 52,432,000 | 60,421,000 |
Real Estate – Commercial and Farmland | 128,454,000 | 118,377,000 |
Real Estate - Residential | 64,205,000 | 61,661,000 |
Loans, net | 21,165,381,000 | 20,401,822,000 |
Other real estate owned, net | 2,918,000 | 2,433,000 |
Level 3 - Fair Value, Measurements, Nonrecurring | 201,000 | 1,010,000 |
Premises and equipment, net | 213,097,000 | 209,460,000 |
Goodwill | 1,015,646,000 | 1,015,646,000 |
Banking Division | 951,148,000 | 951,148,000 |
Premium Finance Division | 64,498,000 | 64,498,000 |
Retail Mortgage Division | 0 | 0 |
Warehouse Lending Division | 0 | 0 |
Other intangible assets, net | 54,824,000 | 70,761,000 |
Banking Division | 54,591,000 | 67,721,000 |
Premium Finance Division | 233,000 | 3,040,000 |
Retail Mortgage Division | 0 | 0 |
Warehouse Lending Division | 0 | 0 |
Cash value of bank owned life insurance | 420,583,000 | 408,574,000 |
Other assets | 435,500,000 | 502,143,000 |
Ameris Bancorp | 29,589,000 | 29,920,000 |
Total assets | 27,515,879,000 | 26,262,050,000 |
Banking Division | 19,935,718,000 | 18,954,256,000 |
Premium Finance Division | 1,747,183,000 | 1,495,723,000 |
Retail Mortgage Division | 4,661,294,000 | 4,828,842,000 |
Warehouse Lending Division | 1,171,684,000 | 983,229,000 |
Ameris Bancorp | 4,248,195,000 | 4,029,553,000 |
Liabilities | ||
Deposits | ||
Noninterest-bearing | 6,426,145,000 | 6,498,293,000 |
Interest-bearing | 15,949,850,000 | 15,224,155,000 |
Total deposits | 22,375,995,000 | 21,722,448,000 |
Other borrowings | 558,039,000 | 291,788,000 |
Advance from correspondent bank due December 1, 2025; secured by a loan receivable; variable interest rate at one-month SOFR plus 2.65% | 9,908,000 | 10,000,000 |
Carrying Amount | 558,039,000 | 291,788,000 |
Level 1 - Fair Value | 524,908,000 | 0 |
Level 2 - Fair Value | 31,183,000 | 291,213,000 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 556,091,000 | 291,213,000 |
Ameris Bancorp | 0 | 108,839,000 |
Subordinated deferrable interest debentures, net | 134,302,000 | 132,309,000 |
Subordinated Debt One | 0 | 74,653,000 |
Subordinated Debt Two | 0 | 108,839,000 |
Carrying Amount | 134,302,000 | 132,309,000 |
Level 1 - Fair Value | 0 | 0 |
Level 2 - Fair Value | 142,340,000 | 142,202,000 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 142,340,000 | 142,202,000 |
Ameris Bancorp | 134,302,000 | 132,309,000 |
Other liabilities | 371,515,000 | 363,983,000 |
Ameris Bancorp | 37,865,000 | 36,883,000 |
Total liabilities | 23,439,851,000 | 22,510,528,000 |
Ameris Bancorp | 172,167,000 | 278,031,000 |
Shareholders’ Equity | ||
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0 shares issued and outstanding | 0 | 0 |
Common stock, par value $1; 200,000,000 shares authorized; 72,898,342 and 72,699,245 shares issued | 72,898,000 | 72,699,000 |
Capital surplus | 1,971,131,000 | 1,958,642,000 |
Retained earnings | 2,210,385,000 | 1,853,428,000 |
Accumulated other comprehensive income (loss), net of tax | 8,312,000 | (30,119,000) |
Treasury stock, at cost, 4,876,026 and 3,630,636 shares | 186,698,000 | 103,128,000 |
Total shareholders’ equity | 4,076,028,000 | 3,751,522,000 |
Common Stock | 72,898,000 | 72,699,000 |
Capital Surplus | 1,971,131,000 | 1,958,642,000 |
Retained Earnings | 2,210,385,000 | 1,853,428,000 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 8,312,000 | (30,119,000) |
Treasury Stock | (186,698,000) | (103,128,000) |
Ameris Bancorp | 4,076,028,000 | 3,751,522,000 |
Total liabilities and shareholders’ equity | 27,515,879,000 | 26,262,050,000 |
Ameris Bancorp | 4,248,195,000 | 4,029,553,000 |