REGULATORY MATTERS

12 Months Ended

Dec. 31, 2019

Banking and Thrift [Abstract]

REGULATORY MATTERS

REGULATORY MATTERS

The Bank is subject to certain restrictions on the amount of dividends that may be declared without prior regulatory approval. At December 31, 2019, $93.1 million of retained earnings were available for dividend declaration without regulatory approval.

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s and Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of total, Tier 1 capital and Common Equity Tier 1 capital, as defined by the regulations, to risk-weighted assets, as defined, and of Tier 1 capital to average assets, as defined. The final rules implementing the Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (the “Basel III rules”) became effective for the Company on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. Under the Basel III rules, the Company must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer is being phased in from 0.0% for 2015 to 2.50% by 2019. The capital conservation buffer for 2019 is 2.500%. The capital conservation buffer for 2018 was 1.875%. The net realized gain or loss on available for sale securities is not included in computing regulatory capital. Management believes that, as of December 31, 2019 and 2018, the Company and the Bank met all capital adequacy requirements to which they are subject.

As of December 31, 2019 and 2018, the most recent notification from the regulatory authorities categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier 1 risk-based, Common Equity Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since that notification that management believes have changed the Bank’s category. Prompt corrective action provisions are not applicable to bank holding companies.

The Company’s and Bank’s actual capital amounts and ratios are presented in the following table.

	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
(dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2019
Tier 1 Leverage Ratio (tier 1 capital to average assets):
Consolidated	$	1,437,991	8.476	%	$	678,650	4.000	%			—N/A—
Ameris Bank	$	1,649,699	9.733	%	$	677,973	4.000	%	$	847,446	5.00	%
CET1 Ratio (common equity tier 1 capital to risk weighted assets):
Consolidated	$	1,437,991	9.925	%	$	1,014,173	7.000	%			—N/A—
Ameris Bank	$	1,649,699	11.394	%	$	1,013,485	7.000	%	$	941,094	6.50	%
Tier 1 Capital Ratio (tier 1 capital to risk weighted assets):
Consolidated	$	1,437,991	9.925	%	$	1,231,495	8.500	%			—N/A—
Ameris Bank	$	1,649,699	11.394	%	$	1,230,661	8.500	%	$	1,158,269	8.00	%
Total Capital Ratio (total capital to risk weighted assets):
Consolidated	$	1,874,817	12.940	%	$	1,521,259	10.500	%			—N/A—
Ameris Bank	$	1,763,965	12.183	%	$	1,520,228	10.500	%	$	1,447,836	10.00	%
As of December 31, 2018
Tier 1 Leverage Ratio (tier 1 capital to average assets):
Consolidated	$	984,620	9.166	%	$	429,690	4.000	%			—N/A—
Ameris Bank	$	1,127,926	10.506	%	$	429,428	4.000	%	$	536,785	5.00	%
CET1 Ratio (common equity tier 1 capital to risk weighted assets):
Consolidated	$	895,433	10.070	%	$	566,859	6.375	%			—N/A—
Ameris Bank	$	1,127,926	12.716	%	$	565,486	6.375	%	$	576,573	6.50	%
Tier 1 Capital Ratio (tier 1 capital to risk weighted assets):
Consolidated	$	984,620	11.073	%	$	700,237	7.875	%			—N/A—
Ameris Bank	$	1,127,926	12.716	%	$	698,541	7.875	%	$	709,629	8.00	%
Total Capital Ratio (total capital to risk weighted assets):
Consolidated	$	1,087,364	12.229	%	$	878,075	9.875	%			—N/A—
Ameris Bank	$	1,156,745	13.041	%	$	875,948	9.875	%	$	887,036	10.00	%

The December 31, 2019 The CET1 Ratios, the Tier 1 Capital Ratios, and the Total Capital Ratios displayed in the above table under the heading “For Capital Adequacy Purposes” include a capital conservation buffer of 2.500% for December 31, 2019 and 1.875% for December 31, 2018.