10-Q
Quarterly Report
AMERIS BANCORP
ABCB
NYSE
CIK: 351569
File #: 001-13901
Balance Sheet
166 line items · 2 periods
XBRL
| Item | Jun 30, 2026 | Dec 31, 2025 |
|---|---|---|
Assets | ||
Cash and due from banks | 237,431,000 | 253,807,000 |
Carrying Amount | 237,431,000 | 253,807,000 |
Level 1 - Fair Value | 237,431,000 | 253,807,000 |
Level 2 - Fair Value | 0 | 0 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 237,431,000 | 253,807,000 |
Interest-bearing deposits in banks | 959,682,000 | 835,113,000 |
Carrying Amount | 959,682,000 | 835,113,000 |
Level 1 - Fair Value | 959,682,000 | 835,113,000 |
Level 2 - Fair Value | 0 | 0 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 959,682,000 | 835,113,000 |
Cash and cash equivalents | 1,197,113,000 | 1,088,920,000 |
Debt securities available-for-sale, at fair value, net of allowance for credit losses of $68 and $75 | 2,460,623,000 | 2,207,173,000 |
U.S. Treasuries | 583,447,000 | 660,625,000 |
State, county and municipal securities | 17,463,000 | 19,061,000 |
Corporate debt securities | 2,452,000 | 5,875,000 |
SBA pool securities | 10,519,000 | 12,208,000 |
Mortgage-backed securities | 1,846,742,000 | 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 $192,993 and $189,873) | 208,155,000 | 203,242,000 |
State, county and municipal securities | 33,284,000 | 33,414,000 |
Mortgage-backed securities | 174,871,000 | 169,828,000 |
Other investments | 123,871,000 | 85,443,000 |
Loans held for sale, at fair value | 482,220,000 | 623,152,000 |
Loans, net of unearned income | 22,177,865,000 | 21,513,522,000 |
Commercial and industrial | 3,453,501,000 | 3,288,505,000 |
Consumer | 157,252,000 | 180,010,000 |
Mortgage warehouse | 1,345,808,000 | 1,150,782,000 |
Municipal | 415,396,000 | 434,234,000 |
Premium finance | 1,534,445,000 | 1,306,267,000 |
Real estate – construction and development | 1,702,983,000 | 1,469,250,000 |
Real estate – commercial and farmland | 9,243,359,000 | 9,311,405,000 |
Real estate – residential | 4,325,121,000 | 4,373,069,000 |
Commercial and industrial - Loans 30-59 Days Past Due | 9,582,000 | 8,890,000 |
Commercial and industrial - Loans 60-89 Days Past Due | 5,662,000 | 5,938,000 |
Commercial and industrial - Loans 90 or More Days Past Due | 9,139,000 | 8,470,000 |
Commercial and industrial - Total Loans Past Due | 24,383,000 | 23,298,000 |
Commercial and industrial - Current Loans | 3,429,118,000 | 3,265,207,000 |
Consumer - Loans 30-59 Days Past Due | 1,856,000 | 3,655,000 |
Consumer - Loans 60-89 Days Past Due | 5,955,000 | 2,199,000 |
Consumer - Loans 90 or More Days Past Due | 136,000 | 198,000 |
Consumer - Total Loans Past Due | 7,947,000 | 6,052,000 |
Consumer - Current Loans | 149,305,000 | 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 | 1,345,808,000 | 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 | 415,396,000 | 434,234,000 |
Premium finance - Loans 30-59 Days Past Due | 10,024,000 | 13,463,000 |
Premium finance - Loans 60-89 Days Past Due | 8,835,000 | 6,961,000 |
Premium finance - Loans 90 or More Days Past Due | 8,345,000 | 8,492,000 |
Premium finance - Total Loans Past Due | 27,204,000 | 28,916,000 |
Premium finance - Current Loans | 1,507,241,000 | 1,277,351,000 |
Real estate – construction and development - Loans 30-59 Days Past Due | 2,131,000 | 2,238,000 |
Real estate – construction and development - Loans 60-89 Days Past Due | 1,380,000 | 349,000 |
Real estate – construction and development - Loans 90 or More Days Past Due | 638,000 | 938,000 |
Real estate – construction and development - Total Loans Past Due | 4,149,000 | 3,525,000 |
Real estate – construction and development - Current Loans | 1,698,834,000 | 1,465,725,000 |
Real estate – commercial and farmland - Loans 30-59 Days Past Due | 1,321,000 | 1,707,000 |
Real estate – commercial and farmland - Loans 60-89 Days Past Due | 63,000 | 16,000 |
Real estate – commercial and farmland - Loans 90 or More Days Past Due | 3,809,000 | 5,770,000 |
Real estate – commercial and farmland - Total Loans Past Due | 5,193,000 | 7,493,000 |
Real estate – commercial and farmland - Current Loans | 9,238,166,000 | 9,303,912,000 |
Real estate – residential - Loans 30-59 Days Past Due | 54,165,000 | 42,310,000 |
Real estate – residential - Loans 60-89 Days Past Due | 23,358,000 | 17,680,000 |
Real estate – residential - Loans 90 or More Days Past Due | 83,423,000 | 79,502,000 |
Real estate – residential - Total Loans Past Due | 160,946,000 | 139,492,000 |
Real estate – residential - Current Loans | 4,164,175,000 | 4,233,577,000 |
Loans 30-59 Days Past Due | 79,079,000 | 72,263,000 |
Loans 60-89 Days Past Due | 45,253,000 | 33,143,000 |
Loans 90 or More Days Past Due | 105,490,000 | 103,370,000 |
Total Loans Past Due | 229,822,000 | 208,776,000 |
Current Loans | 21,948,043,000 | 21,304,746,000 |
Risk Grade Nine | 0 | 0 |
Commercial and industrial - Pass | 3,426,863,000 | 3,263,967,000 |
Commercial and industrial - Special mention | 11,605,000 | 5,102,000 |
Commercial and industrial - Substandard | 15,033,000 | 19,436,000 |
Consumer - Pass | 156,060,000 | 178,871,000 |
Consumer - Special mention | 489,000 | 42,000 |
Consumer - Substandard | 703,000 | 1,097,000 |
Mortgage warehouse - Pass | 1,345,808,000 | 1,150,782,000 |
Municipal - Pass | 415,396,000 | 434,234,000 |
Premium finance - Pass | 1,526,101,000 | 1,297,774,000 |
Premium finance - Substandard | 8,344,000 | 8,493,000 |
Real estate – construction and development - Pass | 1,695,019,000 | 1,465,380,000 |
Real estate – construction and development - Special mention | 4,338,000 | 390,000 |
Real estate – construction and development - Substandard | 3,626,000 | 3,480,000 |
Real estate – commercial and farmland - Pass | 9,155,300,000 | 9,234,245,000 |
Real estate – commercial and farmland - Special mention | 42,539,000 | 32,234,000 |
Real estate – commercial and farmland - Substandard | 45,520,000 | 44,926,000 |
Real estate – residential - Pass | 4,221,971,000 | 4,280,492,000 |
Real estate – residential - Special mention | 2,050,000 | 1,941,000 |
Real estate – residential - Substandard | 101,100,000 | 90,636,000 |
Pass | 21,942,518,000 | 21,305,745,000 |
Special mention | 61,021,000 | 39,709,000 |
Substandard | 174,326,000 | 168,068,000 |
Allowance for credit losses | 359,513,000 | 348,141,000 |
Commercial and industrial | 92,560,000 | 88,242,000 |
Consumer | 6,253,000 | 11,503,000 |
Mortgage warehouse | 2,743,000 | 2,356,000 |
Municipal | 55,000 | 57,000 |
Premium finance | 1,982,000 | 892,000 |
Real estate – construction and development | 57,312,000 | 52,432,000 |
Real estate – commercial and farmland | 133,045,000 | 128,454,000 |
Real estate – residential | 65,563,000 | 64,205,000 |
Loans, net | 21,818,352,000 | 21,165,381,000 |
Other real estate owned, net | 4,043,000 | 2,918,000 |
Level 3 - Fair Value, Measurements, Nonrecurring | 926,000 | 201,000 |
Premises and equipment, net | 220,500,000 | 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 | 48,317,000 | 54,824,000 |
Banking Division | 48,317,000 | — |
Retail Mortgage Division | 0 | — |
Warehouse Lending Division | 0 | — |
Premium Finance Division | 0 | — |
Cash value of bank owned life insurance | 427,789,000 | 420,583,000 |
Other assets | 482,214,000 | 435,500,000 |
Total assets | 28,488,843,000 | 27,515,879,000 |
Banking Division | 20,587,632,000 | — |
Retail Mortgage Division | 4,508,490,000 | — |
Warehouse Lending Division | 1,367,630,000 | — |
Premium Finance Division | 2,025,091,000 | — |
Liabilities | ||
Deposits: | ||
Noninterest-bearing | 6,782,882,000 | 6,426,145,000 |
Interest-bearing | 15,804,691,000 | 15,949,850,000 |
Total deposits | 22,587,573,000 | 22,375,995,000 |
Other borrowings | 1,250,049,000 | 558,039,000 |
Advance from correspondent bank due July 1, 2026; secured by a loan receivable; variable interest rate at one-month SOFR plus 2.65% | 0 | 9,908,000 |
Carrying Amount | 1,250,049,000 | 558,039,000 |
Level 1 - Fair Value | 342,000,000 | 524,908,000 |
Level 2 - Fair Value | 906,218,000 | 31,183,000 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 1,248,218,000 | 556,091,000 |
Subordinated deferrable interest debentures | 135,299,000 | 134,302,000 |
Carrying Amount | 135,299,000 | 134,302,000 |
Level 1 - Fair Value | 0 | 0 |
Level 2 - Fair Value | 143,196,000 | 142,340,000 |
Level 3 - Fair Value | 0 | 0 |
Fair Value | 143,196,000 | 142,340,000 |
Other liabilities | 425,345,000 | 371,515,000 |
Total liabilities | 24,398,266,000 | 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; 73,264,873 and 72,898,342 shares issued, respectively | 73,265,000 | 72,898,000 |
Capital surplus | 1,978,573,000 | 1,971,131,000 |
Retained earnings | 2,345,292,000 | 2,210,385,000 |
Accumulated other comprehensive income (loss), net of tax | (16,508,000) | 8,312,000 |
Treasury stock, at cost, 6,158,286 and 4,876,026 shares, respectively | 290,045,000 | 186,698,000 |
Total shareholders’ equity | 4,090,577,000 | 4,076,028,000 |
Common Stock | 73,265,000 | 72,898,000 |
Capital Surplus | 1,978,573,000 | 1,971,131,000 |
Retained Earnings | 2,345,292,000 | 2,210,385,000 |
Accumulated Other Comprehensive Income (Loss) | (16,508,000) | 8,312,000 |
Treasury Stock | (290,045,000) | (186,698,000) |
Total liabilities and shareholders’ equity | 28,488,843,000 | 27,515,879,000 |