0000351569-23-000013.txt : 20230508 0000351569-23-000013.hdr.sgml : 20230508 20230508161533 ACCESSION NUMBER: 0000351569-23-000013 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 86 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230508 DATE AS OF CHANGE: 20230508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ameris Bancorp CENTRAL INDEX KEY: 0000351569 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 581456434 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13901 FILM NUMBER: 23897946 BUSINESS ADDRESS: STREET 1: 3490 PIEDMONT RD STREET 2: SUITE 1550 CITY: ATLANTA STATE: GA ZIP: 30305 BUSINESS PHONE: 4046396500 MAIL ADDRESS: STREET 1: 3490 PIEDMONT RD STREET 2: SUITE 1550 CITY: ATLANTA STATE: GA ZIP: 30305 FORMER COMPANY: FORMER CONFORMED NAME: ABC BANCORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ABC HOLDING CO DATE OF NAME CHANGE: 19870119 10-Q 1 abcb-20230331.htm 10-Q abcb-20230331
false2023Q10000351569--12-31http://fasb.org/us-gaap/2023#AccountingStandardsUpdate201602Member00003515692023-01-012023-03-3100003515692023-05-03xbrli:shares00003515692023-03-31iso4217:USD00003515692022-12-31iso4217:USDxbrli:shares00003515692022-01-012022-03-310000351569us-gaap:CommonStockMember2022-12-310000351569us-gaap:AdditionalPaidInCapitalMember2022-12-310000351569us-gaap:RetainedEarningsMember2022-12-310000351569us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310000351569us-gaap:TreasuryStockCommonMember2022-12-310000351569us-gaap:CommonStockMember2023-01-012023-03-310000351569us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310000351569us-gaap:TreasuryStockCommonMember2023-01-012023-03-310000351569us-gaap:RetainedEarningsMember2023-01-012023-03-3100003515692022-01-012022-12-310000351569us-gaap:RetainedEarningsMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-12-310000351569srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-12-310000351569us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310000351569us-gaap:CommonStockMember2023-03-310000351569us-gaap:AdditionalPaidInCapitalMember2023-03-310000351569us-gaap:RetainedEarningsMember2023-03-310000351569us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310000351569us-gaap:TreasuryStockCommonMember2023-03-310000351569us-gaap:CommonStockMember2021-12-310000351569us-gaap:AdditionalPaidInCapitalMember2021-12-310000351569us-gaap:RetainedEarningsMember2021-12-310000351569us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000351569us-gaap:TreasuryStockCommonMember2021-12-3100003515692021-12-310000351569us-gaap:CommonStockMember2022-01-012022-03-310000351569us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310000351569us-gaap:TreasuryStockCommonMember2022-01-012022-03-310000351569us-gaap:RetainedEarningsMember2022-01-012022-03-310000351569us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310000351569us-gaap:CommonStockMember2022-03-310000351569us-gaap:AdditionalPaidInCapitalMember2022-03-310000351569us-gaap:RetainedEarningsMember2022-03-310000351569us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310000351569us-gaap:TreasuryStockCommonMember2022-03-3100003515692022-03-31abcb:branch0000351569srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember2022-01-010000351569abcb:USTreasuriesMember2023-03-310000351569us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-03-310000351569us-gaap:USStatesAndPoliticalSubdivisionsMember2023-03-310000351569us-gaap:CorporateDebtSecuritiesMember2023-03-310000351569abcb:SBAPoolSecuritiesMember2023-03-310000351569us-gaap:MortgageBackedSecuritiesMember2023-03-310000351569abcb:USTreasuriesMember2022-12-310000351569us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000351569us-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000351569us-gaap:CorporateDebtSecuritiesMember2022-12-310000351569abcb:SBAPoolSecuritiesMember2022-12-310000351569us-gaap:MortgageBackedSecuritiesMember2022-12-310000351569us-gaap:CollateralPledgedMember2023-03-310000351569us-gaap:CollateralPledgedMember2022-12-310000351569us-gaap:USTreasuryBondSecuritiesMember2023-03-310000351569us-gaap:USTreasuryBondSecuritiesMember2022-12-310000351569us-gaap:DebtSecuritiesMember2023-03-31abcb:security0000351569us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-03-310000351569abcb:StateCountyAndMunicipalSecuritiesMember2023-03-310000351569abcb:USGovernmentSponsoredAgencySecurityMember2023-03-310000351569us-gaap:CommercialPortfolioSegmentMember2023-03-310000351569us-gaap:CommercialPortfolioSegmentMember2022-12-310000351569us-gaap:ConsumerPortfolioSegmentMember2023-03-310000351569us-gaap:ConsumerPortfolioSegmentMember2022-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMember2023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMember2022-12-310000351569abcb:MortgageWarehousePortfolioSegmentMember2023-03-310000351569abcb:MortgageWarehousePortfolioSegmentMember2022-12-310000351569abcb:MunicipalPortfolioSegmentMember2023-03-310000351569abcb:MunicipalPortfolioSegmentMember2022-12-310000351569abcb:PremiumFinancePortfolioSegmentMember2023-03-310000351569abcb:PremiumFinancePortfolioSegmentMember2022-12-310000351569abcb:ConstructionAndDevelopmentPortfolioSegmentMember2023-03-310000351569abcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310000351569us-gaap:ResidentialPortfolioSegmentMember2023-03-310000351569us-gaap:ResidentialPortfolioSegmentMember2022-12-310000351569us-gaap:FinanceReceivablesMember2023-03-310000351569us-gaap:FinanceReceivablesMember2022-12-310000351569us-gaap:GovernmentNationalMortgageAssociationGnmaInsuredLoansMemberus-gaap:ResidentialPortfolioSegmentMember2023-03-310000351569us-gaap:GovernmentNationalMortgageAssociationGnmaInsuredLoansMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-310000351569us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310000351569us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310000351569us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310000351569us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310000351569us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310000351569us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000351569us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310000351569us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-03-310000351569abcb:MortgageWarehousePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberabcb:MortgageWarehousePortfolioSegmentMember2023-03-310000351569abcb:MortgageWarehousePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000351569us-gaap:FinancialAssetPastDueMemberabcb:MortgageWarehousePortfolioSegmentMember2023-03-310000351569us-gaap:FinancialAssetNotPastDueMemberabcb:MortgageWarehousePortfolioSegmentMember2023-03-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-03-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-03-310000351569abcb:PremiumFinancePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberabcb:PremiumFinancePortfolioSegmentMember2023-03-310000351569abcb:PremiumFinancePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000351569us-gaap:FinancialAssetPastDueMemberabcb:PremiumFinancePortfolioSegmentMember2023-03-310000351569us-gaap:FinancialAssetNotPastDueMemberabcb:PremiumFinancePortfolioSegmentMember2023-03-310000351569us-gaap:FinancingReceivables30To59DaysPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2023-03-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2023-03-310000351569us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2023-03-310000351569us-gaap:FinancialAssetPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2023-03-310000351569us-gaap:FinancialAssetNotPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-03-310000351569us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2023-03-310000351569us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000351569us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2023-03-310000351569us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2023-03-310000351569us-gaap:FinancingReceivables30To59DaysPastDueMember2023-03-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMember2023-03-310000351569us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310000351569us-gaap:FinancialAssetPastDueMember2023-03-310000351569us-gaap:FinancialAssetNotPastDueMember2023-03-310000351569us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000351569us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000351569us-gaap:FinancialAssetPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000351569us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000351569us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-12-310000351569us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000351569us-gaap:FinancialAssetPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-12-310000351569us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000351569abcb:MortgageWarehousePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberabcb:MortgageWarehousePortfolioSegmentMember2022-12-310000351569abcb:MortgageWarehousePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000351569us-gaap:FinancialAssetPastDueMemberabcb:MortgageWarehousePortfolioSegmentMember2022-12-310000351569us-gaap:FinancialAssetNotPastDueMemberabcb:MortgageWarehousePortfolioSegmentMember2022-12-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-12-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000351569abcb:PremiumFinancePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberabcb:PremiumFinancePortfolioSegmentMember2022-12-310000351569abcb:PremiumFinancePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000351569us-gaap:FinancialAssetPastDueMemberabcb:PremiumFinancePortfolioSegmentMember2022-12-310000351569us-gaap:FinancialAssetNotPastDueMemberabcb:PremiumFinancePortfolioSegmentMember2022-12-310000351569us-gaap:FinancingReceivables30To59DaysPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-12-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-12-310000351569us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-12-310000351569us-gaap:FinancialAssetPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-12-310000351569us-gaap:FinancialAssetNotPastDueMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310000351569us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-310000351569us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000351569us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-310000351569us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-310000351569us-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310000351569us-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310000351569us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310000351569us-gaap:FinancialAssetPastDueMember2022-12-310000351569us-gaap:FinancialAssetNotPastDueMember2022-12-310000351569abcb:RiskGradeNineMember2022-12-310000351569abcb:RiskGradeNineMember2023-03-310000351569us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310000351569us-gaap:CommercialPortfolioSegmentMemberabcb:RiskGradeSixMember2023-03-310000351569abcb:RiskGradeSevenMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310000351569us-gaap:CommercialPortfolioSegmentMember2023-01-012023-03-310000351569us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PassMember2023-03-310000351569us-gaap:ConsumerPortfolioSegmentMemberabcb:RiskGradeSixMember2023-03-310000351569abcb:RiskGradeSevenMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310000351569us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:PassMember2023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberabcb:RiskGradeSixMember2023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberabcb:RiskGradeSevenMember2023-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMember2023-01-012023-03-310000351569abcb:MortgageWarehousePortfolioSegmentMemberus-gaap:PassMember2023-03-310000351569abcb:MortgageWarehousePortfolioSegmentMemberabcb:RiskGradeSixMember2023-03-310000351569abcb:RiskGradeSevenMemberabcb:MortgageWarehousePortfolioSegmentMember2023-03-310000351569abcb:MortgageWarehousePortfolioSegmentMember2023-01-012023-03-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:PassMember2023-03-310000351569abcb:MunicipalPortfolioSegmentMember2023-01-012023-03-310000351569abcb:PremiumFinancePortfolioSegmentMemberus-gaap:PassMember2023-03-310000351569abcb:RiskGradeSevenMemberabcb:PremiumFinancePortfolioSegmentMember2023-03-310000351569abcb:PremiumFinancePortfolioSegmentMember2023-01-012023-03-310000351569us-gaap:PassMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2023-03-310000351569abcb:ConstructionAndDevelopmentPortfolioSegmentMemberabcb:RiskGradeSixMember2023-03-310000351569abcb:RiskGradeSevenMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2023-03-310000351569abcb:ConstructionAndDevelopmentPortfolioSegmentMember2023-01-012023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberabcb:RiskGradeSixMember2023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberabcb:RiskGradeSevenMember2023-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-03-310000351569us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2023-03-310000351569us-gaap:ResidentialPortfolioSegmentMemberabcb:RiskGradeSixMember2023-03-310000351569abcb:RiskGradeSevenMemberus-gaap:ResidentialPortfolioSegmentMember2023-03-310000351569us-gaap:ResidentialPortfolioSegmentMember2023-01-012023-03-310000351569abcb:TotalLoansMemberus-gaap:PassMember2023-03-310000351569abcb:TotalLoansMemberabcb:RiskGradeSixMember2023-03-310000351569abcb:RiskGradeSevenMemberabcb:TotalLoansMember2023-03-310000351569abcb:TotalLoansMember2023-01-012023-03-310000351569us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000351569us-gaap:CommercialPortfolioSegmentMemberabcb:RiskGradeSixMember2022-12-310000351569abcb:RiskGradeSevenMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000351569us-gaap:ConsumerPortfolioSegmentMemberus-gaap:PassMember2022-12-310000351569us-gaap:ConsumerPortfolioSegmentMemberabcb:RiskGradeSixMember2022-12-310000351569abcb:RiskGradeSevenMemberus-gaap:ConsumerPortfolioSegmentMember2022-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberus-gaap:PassMember2022-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberabcb:RiskGradeSixMember2022-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMemberabcb:RiskGradeSevenMember2022-12-310000351569abcb:MortgageWarehousePortfolioSegmentMemberus-gaap:PassMember2022-12-310000351569abcb:MortgageWarehousePortfolioSegmentMemberabcb:RiskGradeSixMember2022-12-310000351569abcb:RiskGradeSevenMemberabcb:MortgageWarehousePortfolioSegmentMember2022-12-310000351569abcb:MunicipalPortfolioSegmentMemberus-gaap:PassMember2022-12-310000351569abcb:PremiumFinancePortfolioSegmentMemberus-gaap:PassMember2022-12-310000351569abcb:RiskGradeSevenMemberabcb:PremiumFinancePortfolioSegmentMember2022-12-310000351569us-gaap:PassMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-12-310000351569abcb:ConstructionAndDevelopmentPortfolioSegmentMemberabcb:RiskGradeSixMember2022-12-310000351569abcb:RiskGradeSevenMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberabcb:RiskGradeSixMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMemberabcb:RiskGradeSevenMember2022-12-310000351569us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2022-12-310000351569us-gaap:ResidentialPortfolioSegmentMemberabcb:RiskGradeSixMember2022-12-310000351569abcb:RiskGradeSevenMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-310000351569abcb:TotalLoansMemberus-gaap:PassMember2022-12-310000351569abcb:TotalLoansMemberabcb:RiskGradeSixMember2022-12-310000351569abcb:RiskGradeSevenMemberabcb:TotalLoansMember2022-12-31xbrli:pure0000351569srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310000351569srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ConsumerPortfolioSegmentMember2022-12-310000351569srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberabcb:IndirectAutomobilePortfolioSegmentMember2022-12-310000351569srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberabcb:MortgageWarehousePortfolioSegmentMember2022-12-310000351569abcb:MunicipalPortfolioSegmentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-12-310000351569srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberabcb:PremiumFinancePortfolioSegmentMember2022-12-310000351569srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberabcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-12-310000351569srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-310000351569us-gaap:CommercialPortfolioSegmentMember2021-12-310000351569us-gaap:ConsumerPortfolioSegmentMember2021-12-310000351569abcb:IndirectAutomobilePortfolioSegmentMember2021-12-310000351569abcb:MortgageWarehousePortfolioSegmentMember2021-12-310000351569abcb:MunicipalPortfolioSegmentMember2021-12-310000351569abcb:PremiumFinancePortfolioSegmentMember2021-12-310000351569us-gaap:CommercialPortfolioSegmentMember2022-01-012022-03-310000351569us-gaap:ConsumerPortfolioSegmentMember2022-01-012022-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMember2022-01-012022-03-310000351569abcb:MortgageWarehousePortfolioSegmentMember2022-01-012022-03-310000351569abcb:MunicipalPortfolioSegmentMember2022-01-012022-03-310000351569abcb:PremiumFinancePortfolioSegmentMember2022-01-012022-03-310000351569us-gaap:CommercialPortfolioSegmentMember2022-03-310000351569us-gaap:ConsumerPortfolioSegmentMember2022-03-310000351569abcb:IndirectAutomobilePortfolioSegmentMember2022-03-310000351569abcb:MortgageWarehousePortfolioSegmentMember2022-03-310000351569abcb:MunicipalPortfolioSegmentMember2022-03-310000351569abcb:PremiumFinancePortfolioSegmentMember2022-03-310000351569abcb:ConstructionAndDevelopmentPortfolioSegmentMember2021-12-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310000351569us-gaap:ResidentialPortfolioSegmentMember2021-12-310000351569abcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-01-012022-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-03-310000351569us-gaap:ResidentialPortfolioSegmentMember2022-01-012022-03-310000351569abcb:ConstructionAndDevelopmentPortfolioSegmentMember2022-03-310000351569us-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310000351569us-gaap:ResidentialPortfolioSegmentMember2022-03-310000351569us-gaap:PaymentDeferralMemberus-gaap:CommercialPortfolioSegmentMember2023-01-012023-03-310000351569us-gaap:PaymentDeferralMember2023-01-012023-03-310000351569abcb:FixedRateAdvanceFourteenMember2023-03-310000351569abcb:FixedRateAdvanceFourteenMember2022-12-310000351569abcb:FixedRateAdvanceFifteenMember2023-03-310000351569abcb:FixedRateAdvanceFifteenMember2022-12-310000351569abcb:FixedRateAdvanceSixteenMember2023-03-310000351569abcb:FixedRateAdvanceSixteenMember2022-12-310000351569abcb:FixedRateAdvanceSeventeenMember2023-03-310000351569abcb:FixedRateAdvanceSeventeenMember2022-12-310000351569abcb:FixedRateAdvanceEighteenMember2023-03-310000351569abcb:FixedRateAdvanceEighteenMember2022-12-310000351569abcb:FixedRateAdvanceNineteenMember2023-03-310000351569abcb:FixedRateAdvanceNineteenMember2022-12-310000351569abcb:FixedRateAdvanceTwentyMember2023-03-310000351569abcb:FixedRateAdvanceTwentyMember2022-12-310000351569abcb:FixedRateAdvanceTwentyOneMember2023-03-310000351569abcb:FixedRateAdvanceTwentyOneMember2022-12-310000351569abcb:FixedRateAdvanceTwentyTwoMember2023-03-310000351569abcb:FixedRateAdvanceTwentyTwoMember2022-12-310000351569abcb:FixedRateAdvanceTwentyThreeMember2023-03-310000351569abcb:FixedRateAdvanceTwentyThreeMember2022-12-310000351569abcb:FixedRateAdvanceTwentyFourMember2023-03-310000351569abcb:FixedRateAdvanceTwentyFourMember2022-12-310000351569abcb:FixedRateAdvanceTwentyFiveMember2023-03-310000351569abcb:FixedRateAdvanceTwentyFiveMember2022-12-310000351569abcb:FixedRateAdvanceTwentySixMember2023-03-310000351569abcb:FixedRateAdvanceTwentySixMember2022-12-310000351569abcb:FixedRateAdvanceTwentySevenMember2023-03-310000351569abcb:FixedRateAdvanceTwentySevenMember2022-12-310000351569abcb:FixedRateAdvanceTwentyEightMember2023-03-310000351569abcb:FixedRateAdvanceTwentyEightMember2022-12-310000351569abcb:FixedRateAdvanceTwentyNineMember2023-03-310000351569abcb:FixedRateAdvanceTwentyNineMember2022-12-310000351569abcb:FixedRateAdvanceThirtyMember2023-03-310000351569abcb:FixedRateAdvanceThirtyMember2022-12-310000351569abcb:FixedRateAdvanceThirtyOneMember2023-03-310000351569abcb:FixedRateAdvanceThirtyOneMember2022-12-310000351569abcb:FixedRateAdvanceThirtyTwoMember2023-03-310000351569abcb:FixedRateAdvanceThirtyTwoMember2022-12-310000351569abcb:FixedRateAdvanceThirtyThreeMember2023-03-310000351569abcb:FixedRateAdvanceThirtyThreeMember2022-12-310000351569abcb:FixedRateAdvanceThirtyFourMember2023-03-310000351569abcb:FixedRateAdvanceThirtyFourMember2022-12-310000351569abcb:FixedRateAdvanceThirtyFiveMember2023-03-310000351569abcb:FixedRateAdvanceThirtyFiveMember2022-12-310000351569abcb:FixedRateAdvanceThirtySixMember2023-03-310000351569abcb:FixedRateAdvanceThirtySixMember2022-12-310000351569abcb:FixedRateAdvanceThirtySevenMember2023-03-310000351569abcb:FixedRateAdvanceThirtySevenMember2022-12-310000351569abcb:FixedRateAdvanceThirtyEightMember2023-03-310000351569abcb:FixedRateAdvanceThirtyEightMember2022-12-310000351569abcb:FixedRateAdvanceThirtyNineMember2023-03-310000351569abcb:FixedRateAdvanceThirtyNineMember2022-12-310000351569abcb:FixedRateAdvanceFortyMember2023-03-310000351569abcb:FixedRateAdvanceFortyMember2022-12-310000351569abcb:FixedRateAdvanceFortyOneMember2023-03-310000351569abcb:FixedRateAdvanceFortyOneMember2022-12-310000351569abcb:FixedRateAdvanceFortyTwoMember2023-03-310000351569abcb:FixedRateAdvanceFortyTwoMember2022-12-310000351569abcb:FixedRateAdvanceFortyThreeMember2023-03-310000351569abcb:FixedRateAdvanceFortyThreeMember2022-12-310000351569abcb:PrincipalReducingAdvanceOneMember2023-03-310000351569abcb:PrincipalReducingAdvanceOneMember2022-12-310000351569us-gaap:SubordinatedDebtMember2023-03-310000351569us-gaap:SubordinatedDebtMember2022-12-310000351569abcb:LondonInterbankOfferedRateMemberus-gaap:SubordinatedDebtMember2023-01-012023-03-310000351569abcb:SubordinatedDebtOneMember2023-03-310000351569abcb:SubordinatedDebtOneMember2022-12-310000351569us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberabcb:SubordinatedDebtOneMember2023-01-012023-03-310000351569abcb:SubordinatedDebtTwoMember2023-03-310000351569abcb:SubordinatedDebtTwoMember2022-12-310000351569abcb:LondonInterbankOfferedRateMemberabcb:SubordinatedDebtTwoMember2023-01-012023-03-310000351569abcb:SubordinatedDebtThreeMember2023-03-310000351569abcb:SubordinatedDebtThreeMember2022-12-310000351569us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberabcb:SubordinatedDebtThreeMember2023-01-012023-03-310000351569us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-12-310000351569us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-01-012023-03-310000351569us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-03-310000351569us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-12-310000351569us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-01-012022-03-310000351569us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-03-310000351569us-gaap:MortgageReceivablesMember2023-03-310000351569us-gaap:MortgageReceivablesMember2022-12-310000351569abcb:SmallBusinessAdminstrationReceivableMember2023-03-310000351569abcb:SmallBusinessAdminstrationReceivableMember2022-12-310000351569abcb:MortgageLoansHeldForSaleMember2023-03-310000351569abcb:MortgageLoansHeldForSaleMember2022-12-310000351569abcb:SmallBusinessAdminstrationReceivableMember2023-03-310000351569abcb:SmallBusinessAdminstrationReceivableMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryBondSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryBondSecuritiesMemberus-gaap:FairValueInputsLevel1Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryBondSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryBondSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:SBAPoolSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:SBAPoolSecuritiesMemberus-gaap:FairValueInputsLevel1Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:SBAPoolSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:SBAPoolSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:DerivativeFinancialInstrumentsMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberabcb:DerivativeFinancialInstrumentsMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberabcb:DerivativeFinancialInstrumentsMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberabcb:DerivativeFinancialInstrumentsMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:MortgageBankingDerivativeInstrumentsMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:MortgageBankingDerivativeInstrumentsMemberus-gaap:FairValueInputsLevel1Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:MortgageBankingDerivativeInstrumentsMemberus-gaap:FairValueInputsLevel2Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:MortgageBankingDerivativeInstrumentsMemberus-gaap:FairValueInputsLevel3Member2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryBondSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryBondSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryBondSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryBondSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateDebtSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:SBAPoolSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:SBAPoolSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:SBAPoolSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:SBAPoolSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:DerivativeFinancialInstrumentsMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberabcb:DerivativeFinancialInstrumentsMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberabcb:DerivativeFinancialInstrumentsMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberabcb:DerivativeFinancialInstrumentsMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:MortgageBankingDerivativeInstrumentsMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:MortgageBankingDerivativeInstrumentsMemberus-gaap:FairValueInputsLevel1Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:MortgageBankingDerivativeInstrumentsMemberus-gaap:FairValueInputsLevel2Member2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberabcb:MortgageBankingDerivativeInstrumentsMemberus-gaap:FairValueInputsLevel3Member2022-12-310000351569abcb:ImpairedLoansFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569us-gaap:FairValueInputsLevel1Memberabcb:ImpairedLoansFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569us-gaap:FairValueInputsLevel2Memberabcb:ImpairedLoansFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569us-gaap:FairValueInputsLevel3Memberabcb:ImpairedLoansFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569abcb:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569abcb:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569abcb:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569abcb:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569us-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-03-310000351569abcb:ImpairedLoansFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000351569us-gaap:FairValueInputsLevel1Memberabcb:ImpairedLoansFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000351569us-gaap:FairValueInputsLevel2Memberabcb:ImpairedLoansFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000351569us-gaap:FairValueInputsLevel3Memberabcb:ImpairedLoansFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000351569us-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000351569us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000351569us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000351569us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2023-03-310000351569us-gaap:MeasurementInputLossSeverityMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2023-03-310000351569us-gaap:MeasurementInputLossSeverityMemberus-gaap:FairValueMeasurementsRecurringMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2023-03-310000351569us-gaap:FairValueInputsLevel3Memberabcb:MeasurementInputCollateralDiscountsAndDiscountRatesMemberus-gaap:FairValueMeasurementsNonrecurringMemberabcb:ValuationTechniqueThirdPartyAppraisalsAndDiscountedCashFlowsMembersrt:MinimumMember2023-03-310000351569us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberabcb:MeasurementInputCollateralDiscountsAndDiscountRatesMemberus-gaap:FairValueMeasurementsNonrecurringMemberabcb:ValuationTechniqueThirdPartyAppraisalsAndDiscountedCashFlowsMember2023-03-310000351569srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberabcb:MeasurementInputCollateralDiscountsAndDiscountRatesMemberus-gaap:FairValueMeasurementsNonrecurringMemberabcb:ValuationTechniqueThirdPartyAppraisalsAndDiscountedCashFlowsMember2023-03-310000351569us-gaap:FairValueInputsLevel3Memberabcb:ValuationTechniqueThirdPartyAppraisalsAndSalesContractsMemberus-gaap:FairValueMeasurementsNonrecurringMemberabcb:MeasurementInputCollateralDiscountsAndEstimatedCostsToSellMembersrt:MinimumMember2023-03-310000351569us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberabcb:ValuationTechniqueThirdPartyAppraisalsAndSalesContractsMemberus-gaap:FairValueMeasurementsNonrecurringMemberabcb:MeasurementInputCollateralDiscountsAndEstimatedCostsToSellMember2023-03-310000351569srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberabcb:ValuationTechniqueThirdPartyAppraisalsAndSalesContractsMemberus-gaap:FairValueMeasurementsNonrecurringMemberabcb:MeasurementInputCollateralDiscountsAndEstimatedCostsToSellMember2023-03-310000351569us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-12-310000351569us-gaap:FairValueMeasurementsRecurringMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-12-310000351569us-gaap:MeasurementInputLossSeverityMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-12-310000351569us-gaap:MeasurementInputLossSeverityMemberus-gaap:FairValueMeasurementsRecurringMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-12-310000351569us-gaap:FairValueInputsLevel3Memberabcb:MeasurementInputCollateralDiscountsAndDiscountRatesMemberus-gaap:FairValueMeasurementsNonrecurringMemberabcb:ValuationTechniqueThirdPartyAppraisalsAndDiscountedCashFlowsMembersrt:MinimumMember2022-12-310000351569us-gaap:FairValueInputsLevel3Membersrt:MaximumMemberabcb:MeasurementInputCollateralDiscountsAndDiscountRatesMemberus-gaap:FairValueMeasurementsNonrecurringMemberabcb:ValuationTechniqueThirdPartyAppraisalsAndDiscountedCashFlowsMember2022-12-310000351569srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberabcb:MeasurementInputCollateralDiscountsAndDiscountRatesMemberus-gaap:FairValueMeasurementsNonrecurringMemberabcb:ValuationTechniqueThirdPartyAppraisalsAndDiscountedCashFlowsMember2022-12-310000351569us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-03-310000351569us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2023-03-310000351569us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2023-03-310000351569us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310000351569us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310000351569us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310000351569us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel1Member2022-12-310000351569us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2022-12-310000351569us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000351569us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310000351569us-gaap:UnfundedLoanCommitmentMember2022-12-310000351569us-gaap:UnfundedLoanCommitmentMember2021-12-310000351569us-gaap:UnfundedLoanCommitmentMember2023-01-012023-03-310000351569us-gaap:UnfundedLoanCommitmentMember2022-01-012022-03-310000351569us-gaap:UnfundedLoanCommitmentMember2023-03-310000351569us-gaap:UnfundedLoanCommitmentMember2022-03-310000351569us-gaap:LetterOfCreditMemberabcb:FederalHomeLoanBankMember2023-03-31abcb:segment0000351569abcb:RetailBankingMember2023-01-012023-03-310000351569abcb:RetailMortgageMember2023-01-012023-03-310000351569abcb:WarehouseLendingMember2023-01-012023-03-310000351569abcb:SbaDivisionMember2023-01-012023-03-310000351569abcb:PremiumFinanceDivisionMember2023-01-012023-03-310000351569abcb:RetailBankingMember2023-03-310000351569abcb:RetailMortgageMember2023-03-310000351569abcb:WarehouseLendingMember2023-03-310000351569abcb:SbaDivisionMember2023-03-310000351569abcb:PremiumFinanceDivisionMember2023-03-310000351569abcb:RetailBankingMember2022-01-012022-03-310000351569abcb:RetailMortgageMember2022-01-012022-03-310000351569abcb:WarehouseLendingMember2022-01-012022-03-310000351569abcb:SbaDivisionMember2022-01-012022-03-310000351569abcb:PremiumFinanceDivisionMember2022-01-012022-03-310000351569abcb:RetailBankingMember2022-03-310000351569abcb:RetailMortgageMember2022-03-310000351569abcb:WarehouseLendingMember2022-03-310000351569abcb:SbaDivisionMember2022-03-310000351569abcb:PremiumFinanceDivisionMember2022-03-310000351569us-gaap:ResidentialMortgageMember2023-03-310000351569us-gaap:ResidentialMortgageMember2022-12-310000351569abcb:SBAServicingRightsMember2023-03-310000351569abcb:SBAServicingRightsMember2022-12-310000351569us-gaap:ResidentialMortgageMember2023-01-012023-03-310000351569us-gaap:ResidentialMortgageMember2022-01-012022-03-310000351569us-gaap:ResidentialMortgageMember2021-12-310000351569us-gaap:ResidentialMortgageMember2022-03-310000351569abcb:ResidentialMortgageServicingImpairmentMember2022-12-310000351569abcb:ResidentialMortgageServicingImpairmentMember2021-12-310000351569abcb:ResidentialMortgageServicingImpairmentMember2023-01-012023-03-310000351569abcb:ResidentialMortgageServicingImpairmentMember2022-01-012022-03-310000351569abcb:ResidentialMortgageServicingImpairmentMember2023-03-310000351569abcb:ResidentialMortgageServicingImpairmentMember2022-03-310000351569us-gaap:FederalHomeLoanMortgageCorporationFhlmcInsuredLoansMemberus-gaap:ResidentialMortgageMember2023-03-310000351569us-gaap:FederalHomeLoanMortgageCorporationFhlmcInsuredLoansMemberus-gaap:ResidentialMortgageMember2022-12-310000351569us-gaap:FederalNationalMortgageAssociationFnmaInsuredLoansMemberus-gaap:ResidentialMortgageMember2023-03-310000351569us-gaap:FederalNationalMortgageAssociationFnmaInsuredLoansMemberus-gaap:ResidentialMortgageMember2022-12-310000351569us-gaap:GovernmentNationalMortgageAssociationGnmaInsuredLoansMemberus-gaap:ResidentialMortgageMember2023-03-310000351569us-gaap:GovernmentNationalMortgageAssociationGnmaInsuredLoansMemberus-gaap:ResidentialMortgageMember2022-12-310000351569us-gaap:ResidentialMortgageMember2022-01-012022-12-310000351569abcb:SBAServicingRightsMember2023-01-012023-03-310000351569abcb:SBAServicingRightsMember2022-01-012022-03-310000351569abcb:SBAServicingRightsMember2021-12-310000351569abcb:SBAServicingRightsMember2022-03-310000351569abcb:SBAServicingRightsMember2022-01-012022-12-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the quarterly period ended March 31, 2023
 
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 001-13901
bancorplionclean.jpg
AMERIS BANCORP
(Exact name of registrant as specified in its charter)
Georgia58-1456434
(State of incorporation)(IRS Employer ID No.)
3490 Piedmont Rd N.E., Suite 1550
AtlantaGeorgia30305
(Address of principal executive offices)
(404)639-6500
(Registrant’s telephone number) 

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $1 per shareABCBNasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No   ¨
 
Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ý    No   ¨
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filerýAccelerated filer
    
Non-accelerated filer
 
Smaller reporting company
    
 Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes     No  ý

 There were 69,373,863 shares of Common Stock outstanding as of May 3, 2023.



AMERIS BANCORP
TABLE OF CONTENTS
  Page
   
PART I – FINANCIAL INFORMATION 
   
Item 1. 
   
 
   
 
   
 
   
 
   
 
   
Item 2.
   
Item 3.
   
Item 4.
   
 
   
Item 1.
   
Item 1A.
   
Item 2.
   
Item 3.
   
Item 4.
   
Item 5.
   
Item 6.
   





Item 1. Financial Statements.

AMERIS BANCORP AND SUBSIDIARIES
Consolidated Balance Sheets
(dollars in thousands, except per share data)
 March 31, 2023 (unaudited)December 31, 2022
Assets  
Cash and due from banks$266,400 $284,567 
Federal funds sold and interest-bearing deposits in banks1,754,453 833,565 
Cash and cash equivalents2,020,853 1,118,132 
Debt securities available-for-sale, at fair value, net of allowance for credit losses of $82 and $75
1,496,836 1,500,060 
Debt securities held-to-maturity, at amortized cost, net of allowance for credit losses of $ and $ (fair value of $116,093 and $114,538)
134,175 134,864 
Other investments146,715 110,992 
Loans held for sale, at fair value 395,096 392,078 
Loans, net of unearned income19,997,871 19,855,253 
Allowance for credit losses(242,658)(205,677)
Loans, net19,755,213 19,649,576 
Other real estate owned, net1,502 843 
Premises and equipment, net218,878 220,283 
Goodwill1,015,646 1,015,646 
Other intangible assets, net101,488 106,194 
Cash value of bank owned life insurance389,201 388,405 
Other assets412,781 416,213 
Total assets$26,088,384 $25,053,286 
Liabilities  
Deposits:  
Noninterest-bearing$7,297,893 $7,929,579 
Interest-bearing12,599,562 11,533,159 
Total deposits19,897,455 19,462,738 
Other borrowings2,401,327 1,875,736 
Subordinated deferrable interest debentures128,820 128,322 
Other liabilities407,587 389,090 
Total liabilities22,835,189 21,855,886 
Commitments and Contingencies (Note 8)
Shareholders’ Equity  
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0 shares issued and outstanding
  
Common stock, par value $1; 200,000,000 shares authorized; 72,484,210 and 72,263,727 shares issued
72,484 72,264 
Capital surplus1,937,664 1,935,211 
Retained earnings1,362,512 1,311,258 
Accumulated other comprehensive income, net of tax(35,581)(46,507)
Treasury stock, at cost, 3,110,347 and 2,894,677 shares
(83,884)(74,826)
Total shareholders’ equity3,253,195 3,197,400 
Total liabilities and shareholders’ equity$26,088,384 $25,053,286 

 See notes to unaudited consolidated financial statements.
1


AMERIS BANCORP AND SUBSIDIARIES
Consolidated Statements of Income and Comprehensive Income (unaudited)
(dollars and shares in thousands, except per share data)
 Three Months Ended
March 31,
 20232022
Interest income  
Interest and fees on loans$271,964 $177,566 
Interest on taxable securities14,300 4,239 
Interest on nontaxable securities339 186 
Interest on deposits in other banks and federal funds sold9,113 1,383 
Total interest income295,716 183,374 
Interest expense  
Interest on deposits53,182 4,092 
Interest on other borrowings30,882 6,738 
Total interest expense84,064 10,830 
Net interest income211,652 172,544 
Provision for loan losses49,376 (2,734)
Provision for unfunded commitments346 9,009 
Provision for other credit losses7 (44)
Provision for credit losses49,729 6,231 
Net interest income after provision for credit losses161,923 166,313 
Noninterest income  
Service charges on deposit accounts10,936 11,058 
Mortgage banking activity31,392 62,938 
Other service charges, commissions and fees971 939 
Net gain (loss) on securities6 (27)
Other noninterest income12,745 12,003 
Total noninterest income56,050 86,911 
Noninterest expense  
Salaries and employee benefits80,910 84,281 
Occupancy and equipment12,986 12,727 
Data processing and communications expenses13,034 12,572 
Credit resolution-related expenses435 (965)
Advertising and marketing3,532 1,988 
Amortization of intangible assets4,706 5,181 
Merger and conversion charges 977 
Loan servicing expense8,331 8,919 
Other noninterest expenses15,487 18,140 
Total noninterest expense139,421 143,820 
Income before income tax expense78,552 109,404 
Income tax expense18,131 27,706 
Net income60,421 81,698 
Other comprehensive loss  
Net unrealized holding gains (losses) arising during period on debt securities available-for-sale, net of tax expense (benefit) of $3,719 and $(4,633)
10,926 (17,431)
Total other comprehensive loss10,926 (17,431)
Comprehensive income$71,347 $64,267 
Basic earnings per common share$0.87 $1.18 
Diluted earnings per common share$0.87 $1.17 
Weighted average common shares outstanding  
Basic69,172 69,346 
Diluted69,323 69,661 
See notes to unaudited consolidated financial statements.
2


AMERIS BANCORP AND SUBSIDIARIES
Consolidated Statements of Shareholders’ Equity (unaudited)
(dollars in thousands)

Three Months Ended March 31, 2023
Common StockCapital SurplusRetained EarningsAccumulated Other Comprehensive Income (Loss), Net of TaxTreasury StockTotal Shareholders' Equity
SharesAmountSharesAmount
Balance, December 31, 202272,263,727 $72,264 $1,935,211 $1,311,258 $(46,507)2,894,677 $(74,826)$3,197,400 
Issuance of restricted shares101,510 101 (101)— — — —  
Issuance of common shares pursuant to PSU agreements102,973 103 (103)— — — —  
Proceeds from exercise of stock options16,000 16 460 — — — — 476 
Share-based compensation— — 2,197 — — — — 2,197 
Purchase of treasury shares— — — — — 215,670 (9,058)(9,058)
Net income— — — 60,421 — — — 60,421 
Dividends on common shares ($0.15 per share)
— — — (10,444)— — — (10,444)
Cumulative effect of change in accounting principle for ASU 2022-02— — — 1,277 — — — 1,277 
Other comprehensive income during the period— — — — 10,926 — — 10,926 
Balance, March 31, 202372,484,210 $72,484 $1,937,664 $1,362,512 $(35,581)3,110,347 $(83,884)$3,253,195 


Three Months Ended March 31, 2022
Common StockCapital SurplusRetained EarningsAccumulated Other Comprehensive Income (Loss), Net of TaxTreasury StockTotal Shareholders' Equity
SharesAmountSharesAmount
Balance, December 31, 202172,017,126 $72,017 $1,924,813 $1,006,436 $15,590 2,407,898 $(52,405)$2,966,451 
Issuance of restricted shares145,393 145 1,196 — — — — 1,341 
Proceeds from exercise of stock options49,803 50 1,395 — — — — 1,445 
Share-based compensation— — 1,298 — — — — 1,298 
Purchase of treasury shares— — — — — 365,340 (17,234)(17,234)
Net income— — — 81,698 — — — 81,698 
Dividends on common shares ($0.15 per share)
— — — (10,409)— — — (10,409)
Other comprehensive loss during the period— — — — (17,431)— — (17,431)
Balance, March 31, 202272,212,322 $72,212 $1,928,702 $1,077,725 $(1,841)2,773,238 $(69,639)$3,007,159 

See notes to unaudited consolidated financial statements. 
3


AMERIS BANCORP AND SUBSIDIARIES
Consolidated Statements of Cash Flows (unaudited)
(dollars in thousands)
 Three Months Ended
March 31,
 20232022
Operating Activities  
Net income$60,421 $81,698 
Adjustments reconciling net income to net cash provided by (used in) operating activities:  
Depreciation4,648 4,553 
Net losses on sale or disposal of premises and equipment15 37 
Provision for credit losses49,729 6,231 
Net write-downs and (gains) losses on sale of other real estate owned(49)(1,459)
Share-based compensation expense2,197 1,499 
Amortization of intangible assets4,706 5,181 
Amortization of operating lease right of use assets2,872 2,904 
Provision for deferred taxes(2,807)6,435 
Net (accretion) amortization of investment securities available-for-sale(1,417)392 
Net (accretion) amortization of investment securities held-to-maturity(39)26 
Net amortization of other investments388 252 
Net (gain) loss on securities(6)27 
Accretion of discount on purchased loans, net(420)(1,006)
Net amortization on other borrowings627 108 
Amortization of subordinated deferrable interest debentures498 499 
Loan servicing asset recovery (9,654)
Originations of mortgage loans held for sale(754,727)(1,220,771)
Payments received on mortgage loans held for sale3,661 10,505 
Proceeds from sales of mortgage loans held for sale748,633 1,464,735 
Net (gains) losses on sale of mortgage loans held for sale(2,919)22,792 
Originations of SBA loans(8,873)(14,042)
Proceeds from sales of SBA loans5,648 20,461 
Net gains on sale of SBA loans(175)(2,325)
Increase in cash surrender value of bank owned life insurance(2,200)(1,768)
Gain on bank owned life insurance proceeds(486) 
Change attributable to other operating activities21,776 (16,887)
Net cash provided by operating activities131,701 360,423 
Investing Activities, net of effects of business combinations  
Purchases of securities available-for-sale (15,667)
Purchases of investment securities held-to-maturity (12,036)
Proceeds from maturities and paydowns of securities available-for-sale19,280 42,844 
Proceeds from maturities and paydowns of securities held-to-maturity728 406 
Net increase in other investments(36,105)(2,122)
Net increase in loans(153,072)(205,189)
Purchases of premises and equipment(3,258)(3,550)
Proceeds from sales of other real estate owned1,042 3,524 
Proceeds from bank owned life insurance1,890  
Net cash and cash equivalents paid in acquisitions (13,237)
Net cash used in investing activities(169,495)(205,027)
  (Continued)

4


AMERIS BANCORP AND SUBSIDIARIES
Consolidated Statements of Cash Flows (unaudited)
(dollars in thousands)
 Three Months Ended
March 31,
 20232022
Financing Activities, net of effects of business combinations  
Net increase (decrease) in deposits$434,717 $(77,112)
Net decrease in securities sold under agreements to repurchase (3,780)
Proceeds from other borrowings6,655,000  
Repayment of other borrowings(6,130,036)(314,467)
Proceeds from exercise of stock options476 1,445 
Dividends paid - common stock(10,584)(10,445)
Purchase of treasury shares(9,058)(17,234)
Net cash provided by (used in) financing activities940,515 (421,593)
Net increase (decrease) in cash, cash equivalents and restricted cash902,721 (266,197)
Cash, cash equivalents and restricted cash at beginning of period1,118,132 4,064,657 
Cash, cash equivalents and restricted cash at end of period$2,020,853 $3,798,460 
Supplemental Disclosures of Cash Flow Information  
Cash paid (received) during the period for:  
Interest$76,589 $9,022 
Income taxes(1)204 
Loans transferred to other real estate owned1,652 165 
Loans transferred from loans held for sale to loans held for investment5,734 71,727 
Right-of-use assets obtained in exchange for new operating lease liabilities1,942 1,537 
Assets acquired in business acquisitions 10,023 
Liabilities assumed in business acquisitions (3,214)
Change in unrealized loss on securities available-for-sale, net of tax10,926 (17,431)
Security purchases settled in a subsequent period (36,216)
  (Concluded)

See notes to unaudited consolidated financial statements.

5


AMERIS BANCORP AND SUBSIDIARIES
Notes to Unaudited Consolidated Financial Statements
March 31, 2023
 
NOTE 1 – BASIS OF PRESENTATION AND ACCOUNTING POLICIES

Nature of Business

Ameris Bancorp (the “Company” or “Ameris”) is a financial holding company headquartered in Atlanta, Georgia. Ameris conducts substantially all of its operations through its wholly owned banking subsidiary, Ameris Bank (the “Bank”). At March 31, 2023, the Bank operated 164 branches in select markets in Georgia, Alabama, Florida, North Carolina and South Carolina. Our business model capitalizes on the efficiencies of a large financial services company, while still providing the community with the personalized banking service expected by our customers. We manage our Bank through a balance of decentralized management responsibilities and efficient centralized operating systems, products and loan underwriting standards. The Company’s Board of Directors and senior managers establish corporate policy, strategy and administrative policies. Within our established guidelines and policies, the banker closest to the customer responds to the differing needs and demands of his or her unique market.

Basis of Presentation

The accompanying unaudited consolidated financial statements for Ameris have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statement presentation. The interim consolidated financial statements included herein are unaudited but reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods presented. All significant intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three months ended March 31, 2023 are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.

In preparing the consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

For purposes of reporting cash flows, cash and cash equivalents include cash on hand, cash items in process of collection, amounts due from banks, interest-bearing deposits in banks, federal funds sold and restricted cash. There was no restricted cash held at both March 31, 2023 and December 31, 2022.

Reclassifications

Certain reclassifications of prior year amounts have been made to conform with the current year presentations. The reclassifications had no effect on net income or shareholders' equity as previously reported.

Accounting Standards Adopted in 2023

ASU No. 2022-02 – Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures ("ASU 2022-02"). ASU 2022-02 eliminates the troubled debt restructuring ("TDR") measurement and recognition guidance and requires that entities evaluate whether the modification represents a new loan or a continuation of an existing loan consistent with the accounting for other loan modifications. Additional disclosures relating to modifications to borrowers experiencing financial difficulty are required under ASU 2022-02. ASU 2022-02 also requires disclosure of current-period gross write-offs by year of origination. The Company adopted this ASU effective January 1, 2022 on a prospective basis, except for the amendments related to recognition and measurement of TDRs, which were adopted using the modified retrospective method. The adoption was not material and resulted in a reduction to the allowance for credit losses of $1.7 million and an increase to retained earnings of $1.3 million.

6


ASU No. 2022-06 - Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. ASU No. 2022-06 extends the temporary relief in Topic 848 from December 31, 2022 to December 31, 2024. Topic 848 provides optional guidance to ease the potential burden in accounting for or recognizing the effects of reference rate reform on financial reporting. The objective of this guidance is to provide temporary relief during the transition period away from LIBOR toward new interest rate benchmarks. This update was effective upon issuance. The Company adopted the guidance in Topic 848 effective January 1, 2023 and the adoption was not material the consolidated financial statements.

NOTE 2 – INVESTMENT SECURITIES

The amortized cost and estimated fair value of securities available-for-sale along with gross unrealized gains and losses are summarized as follows:

(dollars in thousands)
Securities available-for-sale
Amortized
Cost
Allowance for Credit LossesGross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
March 31, 2023
U.S. Treasuries$776,583 $ $911 $(11,365)$766,129 
U.S. government-sponsored agencies1,032   (45)987 
State, county and municipal securities33,965  21 (773)33,213 
Corporate debt securities16,397 (82) (705)15,610 
SBA pool securities26,942  3 (1,603)25,342 
Mortgage-backed securities686,223  317 (30,985)655,555 
Total debt securities available-for-sale$1,541,142 $(82)$1,252 $(45,476)$1,496,836 
December 31, 2022
U.S. Treasuries$775,784 $ $131 $(16,381)$759,534 
U.S. government-sponsored agencies1,036   (57)979 
State, county and municipal securities35,358  17 (1,180)34,195 
Corporate debt securities16,397 (75) (396)15,926 
SBA pool securities29,422  3 (2,027)27,398 
Mortgage-backed securities701,008  113 (39,093)662,028 
Total debt securities available-for-sale$1,559,005 $(75)$264 $(59,134)$1,500,060 

The amortized cost and estimated fair value of securities held-to-maturity along with gross unrealized gains and losses are summarized as follows:

(dollars in thousands)
Securities held-to-maturity
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
March 31, 2023
State, county and municipal securities$31,905 $ $(4,575)$27,330 
Mortgage-backed securities102,270  (13,507)88,763 
Total debt securities held-to-maturity$134,175 $ $(18,082)$116,093 
December 31, 2022
State, county and municipal securities$31,905 $ $(5,380)$26,525 
Mortgage-backed securities102,959  (14,946)88,013 
Total debt securities held-to-maturity$134,864 $ $(20,326)$114,538 

The amortized cost and estimated fair value of debt securities available-for-sale and held-to-maturity as of March 31, 2023, by contractual maturity are shown below. Maturities may differ from contractual maturities in mortgage-backed securities because
7


the mortgages underlying these securities may be called or repaid without penalty. Therefore, these securities are not included in the maturity categories in the following maturity summary:

Available-for-SaleHeld-to-Maturity
(dollars in thousands)
Amortized
Cost
Estimated Fair ValueAmortized
Cost
Estimated Fair Value
Due in one year or less$76,191 $75,649 $