10-Q
Quarterly Report
AMERIS BANCORP
ABCB
NYSE
CIK: 351569
File #: 001-13901
Balance Sheet
166 line items · 2 periods
XBRL
| Item | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
Assets | ||
Cash and due from banks | 235,114,000 | 253,807,000 |
Carrying Amount | 235,114,000 | 253,807,000 |
Level 1 - Fair Value | 235,114,000 | 253,807,000 |
Level 2 - Fair Value | 0 | 0 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 235,114,000 | 253,807,000 |
Interest-bearing deposits in banks | 1,094,185,000 | 835,113,000 |
Carrying Amount | 1,094,185,000 | 835,113,000 |
Level 1 - Fair Value | 1,094,185,000 | 835,113,000 |
Level 2 - Fair Value | 0 | 0 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 1,094,185,000 | 835,113,000 |
Cash and cash equivalents | 1,329,299,000 | 1,088,920,000 |
Debt securities available-for-sale, at fair value, net of allowance for credit losses of $69 and $75 | 2,353,396,000 | 2,207,173,000 |
U.S. Treasuries | 658,198,000 | 660,625,000 |
State, county and municipal securities | 18,181,000 | 19,061,000 |
Corporate debt securities | 5,948,000 | 5,875,000 |
SBA pool securities | 11,223,000 | 12,208,000 |
Mortgage-backed securities | 1,659,846,000 | 1,509,404,000 |
Debt securities held-to-maturity, at amortized cost, net of allowance for credit losses of $0 and $0 (fair value of $187,239 and $189,873) | 202,550,000 | 203,242,000 |
State, county and municipal securities | 33,355,000 | 33,414,000 |
Mortgage-backed securities | 169,195,000 | 169,828,000 |
Other investments | 100,718,000 | 85,443,000 |
Loans held for sale, at fair value | 496,629,000 | 623,152,000 |
Loans, net of unearned income | 21,827,980,000 | 21,513,522,000 |
Commercial and industrial | 3,400,837,000 | 3,288,505,000 |
Consumer | 166,652,000 | 180,010,000 |
Mortgage warehouse | 1,232,103,000 | 1,150,782,000 |
Municipal | 420,775,000 | 434,234,000 |
Premium finance | 1,365,018,000 | 1,306,267,000 |
Real estate – construction and development | 1,564,242,000 | 1,469,250,000 |
Real estate – commercial and farmland | 9,364,885,000 | 9,311,405,000 |
Real estate – residential | 4,313,468,000 | 4,373,069,000 |
Commercial and industrial - Loans 30-59 Days Past Due | 10,062,000 | 8,890,000 |
Commercial and industrial - Loans 60-89 Days Past Due | 7,702,000 | 5,938,000 |
Commercial and industrial - Loans 90 or More Days Past Due | 8,072,000 | 8,470,000 |
Commercial and industrial - Total Loans Past Due | 25,836,000 | 23,298,000 |
Commercial and industrial - Current Loans | 3,375,001,000 | 3,265,207,000 |
Consumer - Loans 30-59 Days Past Due | 2,242,000 | 3,655,000 |
Consumer - Loans 60-89 Days Past Due | 1,534,000 | 2,199,000 |
Consumer - Loans 90 or More Days Past Due | 265,000 | 198,000 |
Consumer - Total Loans Past Due | 4,041,000 | 6,052,000 |
Consumer - Current Loans | 162,611,000 | 173,958,000 |
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 | 1,232,103,000 | 1,150,782,000 |
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 | 420,775,000 | 434,234,000 |
Premium finance - Loans 30-59 Days Past Due | 12,737,000 | 13,463,000 |
Premium finance - Loans 60-89 Days Past Due | 5,390,000 | 6,961,000 |
Premium finance - Loans 90 or More Days Past Due | 8,167,000 | 8,492,000 |
Premium finance - Total Loans Past Due | 26,294,000 | 28,916,000 |
Premium finance - Current Loans | 1,338,724,000 | 1,277,351,000 |
Real estate – construction and development - Loans 30-59 Days Past Due | 4,009,000 | 2,238,000 |
Real estate – construction and development - Loans 60-89 Days Past Due | 0 | 349,000 |
Real estate – construction and development - Loans 90 or More Days Past Due | 1,103,000 | 938,000 |
Real estate – construction and development - Total Loans Past Due | 5,112,000 | 3,525,000 |
Real estate – construction and development - Current Loans | 1,559,130,000 | 1,465,725,000 |
Real estate – commercial and farmland - Loans 30-59 Days Past Due | 8,591,000 | 1,707,000 |
Real estate – commercial and farmland - Loans 60-89 Days Past Due | 1,071,000 | 16,000 |
Real estate – commercial and farmland - Loans 90 or More Days Past Due | 3,726,000 | 5,770,000 |
Real estate – commercial and farmland - Total Loans Past Due | 13,388,000 | 7,493,000 |
Real estate – commercial and farmland - Current Loans | 9,351,497,000 | 9,303,912,000 |
Real estate – residential - Loans 30-59 Days Past Due | 37,398,000 | 42,310,000 |
Real estate – residential - Loans 60-89 Days Past Due | 15,847,000 | 17,680,000 |
Real estate – residential - Loans 90 or More Days Past Due | 90,790,000 | 79,502,000 |
Real estate – residential - Total Loans Past Due | 144,035,000 | 139,492,000 |
Real estate – residential - Current Loans | 4,169,433,000 | 4,233,577,000 |
Loans 30-59 Days Past Due | 75,039,000 | 72,263,000 |
Loans 60-89 Days Past Due | 31,544,000 | 33,143,000 |
Loans 90 or More Days Past Due | 112,123,000 | 103,370,000 |
Total Loans Past Due | 218,706,000 | 208,776,000 |
Current Loans | 21,609,274,000 | 21,304,746,000 |
Risk Grade Nine | 0 | 0 |
Commercial and industrial - Pass | 3,381,270,000 | 3,263,967,000 |
Commercial and industrial - Special mention | 2,583,000 | 5,102,000 |
Commercial and industrial - Substandard | 16,984,000 | 19,436,000 |
Consumer - Pass | 165,676,000 | 178,871,000 |
Consumer - Special mention | 24,000 | 42,000 |
Consumer - Substandard | 952,000 | 1,097,000 |
Mortgage warehouse - Pass | 1,232,103,000 | 1,150,782,000 |
Municipal - Pass | 420,775,000 | 434,234,000 |
Premium finance - Pass | 1,356,851,000 | 1,297,774,000 |
Premium finance - Substandard | 8,167,000 | 8,493,000 |
Real estate – construction and development - Pass | 1,557,592,000 | 1,465,380,000 |
Real estate – construction and development - Special mention | 3,117,000 | 390,000 |
Real estate – construction and development - Substandard | 3,533,000 | 3,480,000 |
Real estate – commercial and farmland - Pass | 9,275,929,000 | 9,234,245,000 |
Real estate – commercial and farmland - Special mention | 41,447,000 | 32,234,000 |
Real estate – commercial and farmland - Substandard | 47,509,000 | 44,926,000 |
Real estate – residential - Pass | 4,208,479,000 | 4,280,492,000 |
Real estate – residential - Special mention | 2,188,000 | 1,941,000 |
Real estate – residential - Substandard | 102,801,000 | 90,636,000 |
Pass | 21,598,675,000 | 21,305,745,000 |
Special mention | 49,359,000 | 39,709,000 |
Substandard | 179,946,000 | 168,068,000 |
Allowance for credit losses | 354,682,000 | 348,141,000 |
Commercial and industrial | 89,931,000 | 88,242,000 |
Consumer | 8,518,000 | 11,503,000 |
Mortgage warehouse | 2,506,000 | 2,356,000 |
Municipal | 55,000 | 57,000 |
Premium finance | 1,761,000 | 892,000 |
Real estate – construction and development | 54,229,000 | 52,432,000 |
Real estate – commercial and farmland | 127,498,000 | 128,454,000 |
Real estate – residential | 70,184,000 | 64,205,000 |
Loans, net | 21,473,298,000 | 21,165,381,000 |
Other real estate owned, net | 3,091,000 | 2,918,000 |
Level 3 - Fair Value, Measurements, Nonrecurring | 615,000 | 201,000 |
Premises and equipment, net | 216,397,000 | 213,097,000 |
Goodwill | 1,015,646,000 | 1,015,646,000 |
Banking Division | 951,148,000 | — |
Retail Mortgage Division | 0 | — |
Warehouse Lending Division | 0 | — |
Premium Finance Division | 64,498,000 | — |
Other intangible assets, net | 51,430,000 | 54,824,000 |
Banking Division | 51,430,000 | — |
Retail Mortgage Division | 0 | — |
Warehouse Lending Division | 0 | — |
Premium Finance Division | 0 | — |
Cash value of bank owned life insurance | 424,164,000 | 420,583,000 |
Other assets | 443,317,000 | 435,500,000 |
Total assets | 28,109,935,000 | 27,515,879,000 |
Banking Division | 20,560,605,000 | — |
Retail Mortgage Division | 4,465,160,000 | — |
Warehouse Lending Division | 1,252,621,000 | — |
Premium Finance Division | 1,831,549,000 | — |
Liabilities | ||
Deposits: | ||
Noninterest-bearing | 6,748,976,000 | 6,426,145,000 |
Interest-bearing | 15,887,764,000 | 15,949,850,000 |
Total deposits | 22,636,740,000 | 22,375,995,000 |
Other borrowings | 887,974,000 | 558,039,000 |
Advance from correspondent bank due June 1, 2026; secured by a loan receivable; variable interest rate at one-month SOFR plus 2.65% | 9,884,000 | 9,908,000 |
Carrying Amount | 887,974,000 | 558,039,000 |
Level 1 - Fair Value | 404,884,000 | 524,908,000 |
Level 2 - Fair Value | 481,219,000 | 31,183,000 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 886,103,000 | 556,091,000 |
Subordinated deferrable interest debentures | 134,801,000 | 134,302,000 |
Carrying Amount | 134,801,000 | 134,302,000 |
Level 1 - Fair Value | 0 | 0 |
Level 2 - Fair Value | 141,574,000 | 142,340,000 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 141,574,000 | 142,340,000 |
Other liabilities | 368,293,000 | 371,515,000 |
Total liabilities | 24,027,808,000 | 23,439,851,000 |
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; 73,251,984 and 72,898,342 shares issued, respectively | 73,252,000 | 72,898,000 |
Capital surplus | 1,973,881,000 | 1,971,131,000 |
Retained earnings | 2,307,358,000 | 2,210,385,000 |
Accumulated other comprehensive income (loss), net of tax | (1,476,000) | 8,312,000 |
Treasury stock, at cost, 5,931,686 and 4,876,026 shares, respectively | 270,888,000 | 186,698,000 |
Total shareholders’ equity | 4,082,127,000 | 4,076,028,000 |
Common Stock | 73,252,000 | 72,898,000 |
Capital Surplus | 1,973,881,000 | 1,971,131,000 |
Retained Earnings | 2,307,358,000 | 2,210,385,000 |
Accumulated Other Comprehensive Income (Loss) | (1,476,000) | 8,312,000 |
Treasury Stock | (270,888,000) | (186,698,000) |
Total liabilities and shareholders’ equity | 28,109,935,000 | 27,515,879,000 |