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BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Estimated Fair Value of Assets Acquired and Liabilities Assumed
The following table presents the assets acquired and liabilities assumed of Fidelity as of July 1, 2019, and their fair value estimates. The fair value estimates were subject to refinement for up to one year after the closing date of the acquisition for new information obtained about facts and circumstances that existed at the acquisition date. The Company finalized its fair value adjustments during the second quarter of 2020.

(dollars in thousands)As Recorded
by Fidelity		Initial
Fair Value
Adjustments		Subsequent
Adjustments		As Recorded
by Ameris
Assets
Cash and due from banks$26,264 $— $(2,417)(o)$23,847 
Federal funds sold and interest-bearing deposits in banks217,936 — — 217,936 
Investment securities299,341 (1,444)(a)— 297,897 
Other investments7,449 — — 7,449 
Loans held for sale328,657 (1,290)(b)250 (p)327,617 
Loans3,587,412 (79,002)(c)3,852 (q)3,512,262 
Less allowance for loan losses(31,245)31,245 (d)— — 
     Loans, net3,556,167 (47,757)3,852 3,512,262 
Other real estate owned7,605 (427)(e)— 7,178 
Premises and equipment93,662 11,407 (f)(3,820)(r)101,249 
Other intangible assets, net10,670 39,940 (g)— 50,610 
Cash value of bank owned life insurance72,328 — — 72,328 
Deferred income taxes, net104 (104)(h)— — 
Other assets157,863 998 (i)(17,138)(s)141,723 
     Total assets$4,778,046 $1,323 $(19,273)$4,760,096 
Liabilities
Deposits:
     Noninterest-bearing$1,301,829 $— $(2,114)(t)$1,299,715 
     Interest-bearing2,740,552 942 (j)— 2,741,494 
          Total deposits4,042,381 942 (2,114)4,041,209 
Securities sold under agreements to repurchase22,345 — — 22,345 
Other borrowings149,367 2,265 (k)(300)(u)151,332 
Subordinated deferrable interest debentures46,393 (9,675)(l)— 36,718 
Deferred tax liability, net12,222 (11,401)(m)497 (v)1,318 
Other liabilities65,027 538 (n)(839)(w)64,726 
     Total liabilities4,337,735 (17,331)(2,756)4,317,648 
Net identifiable assets acquired over (under) liabilities assumed440,311 18,654 (16,517)442,448 
Goodwill— 410,348 16,517 426,865 
Net assets acquired over liabilities assumed$440,311 $429,002 $— $869,313 
Consideration:
     Ameris Bancorp common shares issued22,181,522 
     Price per share of the Company's common stock$39.19 
          Company common stock issued$869,294 
          Cash exchanged for shares$19 
     Fair value of total consideration transferred$869,313 
____________________________________________________________

Explanation of fair value adjustments
(a)Adjustment reflects the fair value adjustments of the portfolio of investment securities as of the acquisition date.
(b)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired loans held for sale.
(c)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired loan portfolio, net of the reversal of Fidelity's unamortized accounting adjustments from Fidelity's prior acquisitions, loan premiums, loan discounts, deferred loan origination costs and deferred loan origination fees.
(d)Adjustment reflects the elimination of Fidelity's allowance for loan losses.
(e)Adjustment reflects the fair value adjustment based on the Company's evaluation of the acquired OREO portfolio.
(f)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment.
(g)Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts, net of reversal of Fidelity's remaining intangible assets from its past acquisitions.
(h)Adjustment reflects the reclassification of Fidelity's deferred tax asset against the deferred tax liability.
(i)Adjustment reflects the fair value adjustment to other assets.
(j)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired deposits.
(k)Adjustment reflects the fair value adjustment to the other borrowings at the acquisition date, net of reversal of Fidelity's unamortized deferred issuance costs.
(l)Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.
(m)Adjustment reflects the deferred taxes on the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes and reclassification of Fidelity's deferred tax asset against the deferred tax liability.
(n)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired other liabilities.
(o)Subsequent to acquisition, cash and due from banks were adjusted for Fidelity reconciling items.
(p)Adjustment reflects additional recording of fair value adjustments to loans held for sale.
(q)Adjustment reflects additional recording of fair value adjustments of the acquired loan portfolio.
(r)Adjustment reflects additional recording of fair value adjustments to premises and equipment.
(s)Adjustment reflects additional recording of fair value adjustments to other assets and includes a reclassification of deferred income taxes to current income taxes.
(t)Subsequent to acquisition, noninterest-bearing deposits were adjusted for Fidelity reconciling items.
(u)Adjustment reflects additional recording of fair value adjustments to other borrowings.
(v)Adjustment reflects additional recording of deferred taxes on the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes and includes a reclassification of deferred income taxes to current income taxes.
(w)Adjustment reflects additional recording of fair value adjustments to other liabilities.
The following table presents the assets acquired and liabilities of Hamilton assumed as of June 29, 2018 and their fair value estimates. The fair value estimates were subject to refinement for up to one year after the closing date of the acquisition for new information obtained about facts and circumstances that existed at the acquisition date. The Company finalized its fair value adjustments during the second quarter of 2019.
(dollars in thousands)
As Recorded
by Hamilton
Initial
 Fair Value
Adjustments
Subsequent
Adjustments
As Recorded
by Ameris
Assets
Cash and due from banks$14,405 $— $(478)(j)$13,927 
Federal funds sold and interest-bearing deposits in banks102,156 — — 102,156 
Time deposits in other banks11,558 — — 11,558 
Investment securities288,206 (2,376)(a)— 285,830 
Other investments2,094 — — 2,094 
Loans1,314,264 (15,528)(b)(5,550)(k)1,293,186 
Less allowance for loan losses(11,183)11,183 (c)— — 
     Loans, net1,303,081 (4,345)(5,550)1,293,186 
Other real estate owned847 — — 847 
Premises and equipment27,483 — 1,488 (l)28,971 
Other intangible assets, net18,755 (2,755)(d)7,610 (m)23,610 
Cash value of bank owned life insurance4,454 — — 4,454 
Deferred income taxes, net12,445 (6,308)(e)3,942 (n)10,079 
Other assets13,053 — (2,098)(o)10,955 
     Total assets$1,798,537 $(15,784)$4,914 $1,787,667 
Liabilities
Deposits:
     Noninterest-bearing$381,039 $— — $381,039 
     Interest-bearing1,201,324 (1,896)(f)4,783 (p)1,204,211 
          Total deposits1,582,363 (1,896)4,783 1,585,250 
Other borrowings10,687 (66)(g)286 (q)10,907 
Subordinated deferrable interest debenture3,093 (658)(h)(143)(r)2,292 
Other liabilities10,460 2,391 (i)— 12,851 
     Total liabilities1,606,603 (229)4,926 1,611,300 
Net identifiable assets acquired over (under) liabilities assumed191,934 (15,555)(12)176,367 
Goodwill— 220,713 55 220,768 
Net assets acquired over liabilities assumed$191,934 $205,158 $43 $397,135 
Consideration:
     Ameris Bancorp common shares issued6,548,385 
     Price per share of the Company's common stock$53.35 
          Company common stock issued$349,356 
          Cash exchanged for shares$47,779 
     Fair value of total consideration transferred$397,135 
____________________________________________________________

Explanation of fair value adjustments
(a)Adjustment reflects the fair value adjustments of the portfolio of investment securities as of the acquisition date.
(b)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired loan portfolio, net of the reversal of Hamilton's unamortized accounting adjustments from their prior acquisitions, loan premiums, loan discounts, deferred loan origination costs and deferred loan origination fees.
(c)Adjustment reflects the elimination of Hamilton's allowance for loan losses.
(d)Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts, net of reversal of Hamilton's remaining intangible assets from its past acquisitions.
(e)Adjustment reflects the deferred taxes on the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes.
(f)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired deposits.
(g)Adjustment reflects the reversal of Hamilton's unamortized accounting adjustments for other borrowings from its past acquisitions.
(h)Adjustment reflects the fair value adjustment to the subordinated deferrable interest debenture at the acquisition date.
(i)Adjustment reflects the fair value adjustment to the FDIC loss-share clawback liability included in other liabilities.
(j)Subsequent to acquisition, cash and due from banks were adjusted for Hamilton reconciling items.
(k)Adjustment reflects additional recording of fair value adjustments to the acquired loan portfolio.
(l)Adjustment reflects the recording of fair value adjustment to premises and equipment.
(m)Adjustment reflects additional recording of fair value adjustments to the core deposit intangible on the acquired core deposit accounts.
(n)Adjustment reflects additional recording of deferred taxes on the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes.
(o)Adjustment reflects the fair value adjustment to other assets.
(p)Adjustment reflects additional recording of fair value adjustments on the acquired deposits.
(q)Adjustment reflects the fair value adjustment to other borrowings.
(r)Adjustment reflects additional recording of fair value adjustments to the subordinated deferrable interest debenture.
The following table presents the assets acquired and liabilities of Atlantic assumed as of May 25, 2018 and their fair value estimates. The fair value estimates were subject to refinement for up to one year after the closing date of the acquisition for new information obtained about facts and circumstances that existed at the acquisition date. The Company finalized its fair value adjustments during the second quarter of 2019.
(dollars in thousands)
As Recorded
by Atlantic
Initial
Fair Value
Adjustments
Subsequent
Adjustments
As Recorded
by Ameris
Assets
Cash and due from banks$3,990 $— $— $3,990 
Federal funds sold and interest-bearing deposits in banks22,149 — — 22,149 
Investment securities35,186 (60)(a)— 35,126 
Other investments9,576 — — 9,576 
Loans held for sale358 — — 358 
Loans777,605 (19,423)(b)(2,478)(k)755,704 
Less allowance for loan losses(8,573)8,573 (c)— — 
     Loans, net769,032 (10,850)(2,478)755,704 
Other real estate owned1,837 (796)(d)— 1,041 
Premises and equipment12,591 (1,695)(e)(161)(l)10,735 
Other intangible assets, net— 5,937 (f)1,551 (m)7,488 
Cash value of bank owned life insurance18,182 — — 18,182 
Deferred income taxes, net5,782 709 (g)1,220 (n)7,711 
Other assets3,604 (634)(h)(11)(o)2,959 
     Total assets$882,287 $(7,389)$121 $875,019 
Liabilities
Deposits:
     Noninterest-bearing$69,761 $— — $69,761 
     Interest-bearing514,935 (554)(i)1,025 (p)515,406 
          Total deposits584,696 (554)1,025 585,167 
Other borrowings204,475 — — 204,475 
Other liabilities8,367 (13)(j)(1,922)(q)6,432 
     Total liabilities797,538 (567)(897)796,074 
Net identifiable assets acquired over (under) liabilities assumed84,749 (6,822)1,018 78,945 
Goodwill— 91,360 (1,018)90,342 
Net assets acquired over liabilities assumed$84,749 $84,538 $— $169,287 
Consideration:
     Ameris Bancorp common shares issued2,631,520 
     Price per share of the Company's common stock$56.15 
          Company common stock issued$147,760 
          Cash exchanged for shares$21,527 
     Fair value of total consideration transferred$169,287 
____________________________________________________________

Explanation of fair value adjustments
(a.)Adjustment reflects the fair value adjustments of the portfolio of investment securities as of the acquisition date.
(b.)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired loan portfolio, net of the reversal of Atlantic's unamortized accounting adjustments from loan premiums, loan discounts, deferred loan origination costs and deferred loan origination fees.
(c.)Adjustment reflects the elimination of Atlantic's allowance for loan losses.
(d.)Adjustment reflects the fair value adjustment based on the Company's evaluation of the acquired OREO portfolio.
(e.)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment.
(f.)Adjustment reflects the recording of core deposit intangible on the acquired core deposit accounts.
(g.)Adjustment reflects the deferred taxes on the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes.
(h.)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired other assets.
(i.)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired deposits.
(j.)Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired other liabilities.
(k.)Adjustment reflects additional recording of fair value adjustments of the acquired loan portfolio.
(l.)Adjustment reflects additional recording of fair value adjustment to premises and equipment.
(m.)Adjustment reflects additional recording of fair value adjustments to the core deposit intangible on the acquired core deposit accounts.
(n.)Adjustment reflects additional recording of deferred taxes on the differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for federal income tax purposes.
(o.)Adjustment reflects additional fair value adjustments on acquired other assets.
(p.)Adjustment reflects additional fair value adjustments on the acquired deposits.
(q.)Adjustment reflects additional fair value adjustments on acquired other liabilities.
The following table presents the assets acquired and liabilities assumed of USPF as of January 31, 2018, and their fair value estimates.
(dollars in thousands)
As Recorded
by USPF
Initial
Fair Value
Adjustments
Subsequent
Adjustments
As Recorded
by Ameris
Assets
Intangible asset - insurance agent relationships$— $20,000 (a)$2,351 (e)$22,351 
Intangible asset - US Premium Finance trade name— 1,136 (b)(42)(f)1,094 
Intangible asset - non-compete agreement— 178 (c)(16)(g)162 
     Total assets$— $21,314 $2,293 $23,607 
Liabilities
Deferred tax liability$— $5,492 (d)(368)(h)$5,124 
Total liabilities— 5,492 (368)5,124 
Net identifiable assets acquired over liabilities assumed— 15,822 2,661 18,483 
Goodwill— 67,159 (2,661)64,498 
Net assets acquired over liabilities assumed$— $82,981 $— $82,981 
Consideration:
     Ameris Bancorp common shares issued1,073,158 
     Price per share of the Company's common stock
          (weighted average)
$52.047 
          Company common stock issued$55,855 
          Cash exchanged for shares$21,421 
          Present value of contingent earn-out consideration
               expected to be paid
$5,705 
     Fair value of total consideration transferred$82,981 
____________________________________________________________

Explanation of fair value adjustments
(a)Adjustment reflects the recording of the fair value of the insurance agent relationships intangible.
(b)Adjustment reflect the recording of the fair value of the trade name intangible.
(c)Adjustment reflects the recording of the fair value of the non-compete agreement intangible.
(d)Adjustment reflects the deferred taxes on the differences in the carrying values of acquired intangible assets for financial reporting purposes and their basis for federal income tax purposes.
(e)Adjustment reflects additional fair value adjustment for the insurance agent relationships intangible.
(f)Adjustment reflects additional fair value adjustment for the trade name intangible.
(g)Adjustment reflects additional fair value adjustment for the non-compete agreement intangible.
(h)Adjustment reflects additional recording of deferred taxes on the differences in the carrying values of acquired intangible assets for financial reporting purposes and their basis for federal income tax purposes.
Summary of Contractually Required Principal and Interest Cash Payment of the Loans As of Acquisition Date for Purchased Credit Impaired Loans The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of the acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments.
(dollars in thousands)
Contractually required principal and interest$191,534 
Non-accretable difference(23,058)
Cash flows expected to be collected168,476 
Accretable yield(47,173)
Total purchased credit-impaired loans acquired$121,303 
The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of the acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments.
(dollars in thousands)
Contractually required principal and interest$21,223 
Non-accretable difference(1,840)
Cash flows expected to be collected19,383 
Accretable yield(794)
Total purchased credit-impaired loans acquired$18,589 
The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of the acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments.
(dollars in thousands)
Contractually required principal and interest$16,077 
Non-accretable difference(4,115)
Cash flows expected to be collected11,962 
Accretable yield(1,199)
Total purchased credit-impaired loans acquired$10,763 
Schedule of Acquired Loans
The following table presents the acquired loan data for the Fidelity acquisition.
(dollars in thousands)Fair Value of
Acquired Loans at
Acquisition Date		Gross Contractual
Amounts Receivable
at Acquisition Date		Estimate at
Acquisition Date of
Contractual Cash
Flows Not Expected
to be Collected
Acquired receivables subject to ASC 310-30$121,303 $191,534 $23,058 
Acquired receivables not subject to ASC 310-30$3,390,959 $4,217,890 $33,076 
The following table presents the acquired loan data for the Hamilton acquisition.
(dollars in thousands)
Fair Value of
Acquired Loans at
Acquisition Date
Gross Contractual
Amounts Receivable
at Acquisition Date
Estimate at
Acquisition Date of
Contractual Cash
Flows Not Expected
to be Collected
Acquired receivables subject to ASC 310-30$18,589 $21,223 $1,840 
Acquired receivables not subject to ASC 310-30$1,274,597 $1,441,534 $5,104 
The following table presents the acquired loan data for the Atlantic acquisition.
(dollars in thousands)
Fair Value of
Acquired Loans at
Acquisition Date
Gross Contractual
Amounts Receivable
at Acquisition Date
Estimate at
Acquisition Date of
Contractual Cash
Flows Not Expected
to be Collected
Acquired receivables subject to ASC 310-30$10,763 $16,077 $4,115 
Acquired receivables not subject to ASC 310-30$744,941 $1,041,768 $— 
Pro Forma Information of Acquisitions
The following unaudited pro forma information reflects the Company’s estimated consolidated results of operations as if the Fidelity, Hamilton, Atlantic and USPF acquisitions had occurred on January 1, 2018, unadjusted for potential cost savings. Merger and conversion charges are not included in the pro forma information below.
Year Ended December 31,
(dollars in thousands, except per share data)202020192018
Net interest income and noninterest income$1,084,253 $828,612 $803,281 
Net income$263,089 $228,798 $196,352 
Net income available to common shareholders$263,089 $228,798 $196,352 
Income per common share available to common shareholders – basic$3.80 $3.29 $2.82 
Income per common share available to common shareholders – diluted$3.79 $3.29 $2.82 
Average number of shares outstanding, basic69,256 69,462 69,642 
Average number of shares outstanding, diluted69,426 69,614 69,748