10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 001-13901

AMERIS BANCORP

(Exact name of registrant as specified in its charter)

GEORGIA	58-1456434
(State of incorporation)	(IRS Employer ID No.)

310 FIRST STREET, S.E., MOULTRIE, GA 31768

(Address of principal executive offices)

(229) 890-1111

(Registrant’s telephone number)

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  x    No  ¨

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Securities Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act).    Yes  ¨    No  x

There were 26,738,438 shares of Common Stock outstanding as of July 30, 2014.

AMERIS BANCORP

TABLE OF CONTENTS

		Page
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements.
	Consolidated Balance Sheets at June 30, 2014, December 31, 2013 and June 30, 2013		1
	Consolidated Statements of Earnings and Comprehensive Income for the Three and Six Month Periods Ended June 30, 2014 and 2013		2
	Consolidated Statements of Changes in Stockholders’ Equity for the Six Months Ended June  30, 2014 and 2013		3
	Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2014 and 2013		4
	Notes to Consolidated Financial Statements		6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.		48
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.		63
Item 4.	Controls and Procedures.		63
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings.		64
Item 1A.	Risk Factors.		64
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.		64
Item 3.	Defaults Upon Senior Securities.		64
Item 4.	Mine Safety Disclosures.		64
Item 5.	Other Information.		64
Item 6.	Exhibits.		64
Signatures			64

Item 1. Financial Statements.

AMERIS BANCORP AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(amounts in thousands, except per share data)

	June 30, 2014			December 31, 2013			June 30, 2013
	(Unaudited)			(Audited)			(Unaudited)
Assets
Cash and due from banks	$	80,986		$	62,955		$	50,343
Federal funds sold and interest-bearing accounts		44,800			204,984			43,904
Investment securities available for sale, at fair value		535,630			486,235			316,168
Other investments		10,971			16,828			7,764
Mortgage loans held for sale		81,491			67,278			62,580
Loans, net of unearned income		1,770,059			1,618,454			1,555,827
Purchased loans not covered by FDIC loss share agreements (“purchased non-covered loans”)		702,131			448,753			—
Purchased loans covered by FDIC loss share agreements (“covered loans”)		331,250			390,237			443,517
Less: allowance for loan losses related to non-purchased loans		(22,254	)		(22,377	)		(24,217	)
Loans, net		2,781,186			2,435,067			1,975,127
Other real estate owned, net		35,373			33,351			39,885
Purchased, non-covered other real estate owned, net		16,598			4,276			—
Covered other real estate owned, net		38,426			45,893			62,178
Total other real estate owned, net		90,397			83,520			102,063
Premises and equipment, net		99,495			103,188			70,167
FDIC loss-share receivable		49,180			65,441			105,513
Other intangible assets, net		9,812			6,009			2,318
Goodwill		58,903			35,049			956
Cash value of bank owned life insurance		57,864			49,432			47,495
Other assets		72,420			51,663			24,277
Total assets	$	3,973,135		$	3,667,649		$	2,808,675
Liabilities and Stockholders’ Equity
Liabilities
Deposits:
Noninterest-bearing	$	790,798		$	668,531		$	475,445
Interest-bearing		2,598,237			2,330,700			1,967,658
Total deposits		3,389,035			2,999,231			2,443,103
Securities sold under agreements to repurchase		51,109			83,516			19,142
Other borrowings		100,293			194,572			—
Other liabilities		24,457			18,165			16,384
Subordinated deferrable interest debentures		64,842			55,466			42,269
Total liabilities		3,629,736			3,350,950			2,520,898
Stockholders’ Equity
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0, 28,000 and 28,000 shares issued and outstanding		—			28,000			27,845
Common stock, par value $1; 100,000,000 shares authorized; 28,155,317; 26,461,769 and 25,257,669 issued		28,155			26,462			25,258
Capital surplus		223,888			189,722			165,484
Retained earnings		98,847			83,991			76,790
Accumulated other comprehensive income (loss)		4,123			(294	)		3,582
Treasury stock, at cost, 1,383,496; 1,363,342 and 1,363,342 shares		(11,614	)		(11,182	)		(11,182	)
Total stockholders’ equity		343,399			316,699			287,777
Total liabilities and stockholders’ equity	$	3,973,135		$	3,667,649		$	2,808,675

See notes to unaudited consolidated financial statements.

1

AMERIS BANCORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME

(amounts in thousands, except per share data)

(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Interest income
Interest and fees on loans	$	35,297		$	29,859		$	69,766		$	58,575
Interest on taxable securities		2,953			1,719			5,938			3,416
Interest on nontaxable securities		312			344			647			719
Interest on deposits in other banks and federal funds sold		45			29			129			114
Total interest income		38,607			31,951			76,480			62,824
Interest expense
Interest on deposits		2,205			2,083			4,388			4,309
Interest on other borrowings		1,138			392			2,344			701
Total interest expense		3,343			2,475			6,732			5,010
Net interest income		35,264			29,476			69,748			57,814
Provision for loan losses		1,365			4,165			3,091			7,088
Net interest income after provision for loan losses		33,899			25,311			66,657			50,726
Noninterest income
Service charges on deposit accounts		5,847			4,695			11,433			9,532
Mortgage banking activity		7,002			5,001			12,166			9,465
Other service charges, commissions and fees		662			617			1,314			946
Gain (loss) on sale of securities		—			(1	)		6			171
Other noninterest income		2,308			1,072			3,654			2,630
Total noninterest income		15,819			11,384			28,573			22,744
Noninterest expense
Salaries and employee benefits		16,942			13,381			34,336			27,187
Occupancy and equipment		4,071			2,978			8,135			5,909
Advertising and marketing expenses		718			327			1,428			582
Amortization of intangible assets		437			358			970			722
Data processing and telecommunications expenses		3,940			2,836			7,394			5,406
Other noninterest expenses		11,210			6,808			18,294			15,766
Total noninterest expense		37,318			26,688			70,557			55,572
Income before income tax expense		12,400			10,007			24,673			17,898
Income tax expense		4,270			3,329			8,193			5,935
Net income		8,130			6,678			16,480			11,963
Less preferred stock dividends and discount accretion		—			442			286			883
Net income available to common shareholders	$	8,130		$	6,236		$	16,194		$	11,080
Other comprehensive income (loss)
Unrealized holding gain (loss) arising during period on investment securities available for sale, net of tax		2,121			(3,689	)		5,059			(4,118	)
Reclassification adjustment for losses (gains) included in earnings, net of tax		—			1			(4	)		(111	)
Unrealized gain (loss) on cash flow hedges arising during period, net of tax		(372	)		995			(638	)		1,204
Other comprehensive income (loss)		1,749			(2,693	)		4,417			(3,025	)
Total comprehensive income	$	9,879		$	3,985		$	20,897		$	8,938
Basic earnings per common share	$	0.32		$	0.26		$	0.64		$	0.46
Diluted earnings per common share	$	0.32		$	0.26		$	0.63		$	0.46
Dividends declared per common share	$	0.05		$	—		$	0.05		$	—
Weighted average common shares outstanding
Basic		25,181			23,879			25,163			23,873
Diluted		25,572			24,288			25,552			24,282

See notes to unaudited consolidated financial statements.

2

AMERIS BANCORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

(amounts in thousands, except per share data)

(Unaudited)

	Six Months Ended						Six Months Ended
	June 30, 2014						June 30, 2013
	Shares			Amount			Shares			Amount
PREFERRED STOCK
Issued at beginning of period		28,000		$	28,000			28,000		$	27,662
Repurchase of preferred stock		(28,000	)		(28,000	)		—			183
Accretion of fair value of warrant		—			—			—			183
Issued at end of period		—		$	—			28,000		$	27,845
COMMON STOCK
Issued at beginning of period		26,461,769		$	26,462			25,154,818		$	25,155
Issuance of restricted shares		68,047			68			83,400			83
Issuance of common stock		1,598,987			1,599			—			—
Cancellation of restricted shares		—			—			(1,000	)		(1	)
Proceeds from exercise of stock options		26,514			26			20,451			21
Issued at end of period		28,155,317		$	28,155			25,257,669		$	25,258
CAPITAL SURPLUS
Balance at beginning of period				$	189,722					$	164,949
Stock-based compensation					1,012						395
Issuance of common stock					32,875						—
Proceeds from exercise of stock options					347						222
Issuance of restricted shares					(68	)					(83	)
Cancellation of restricted shares					—						1
Balance at end of period				$	223,888					$	165,484
RETAINED EARNINGS
Balance at beginning of period				$	83,991					$	65,710
Net income					16,480						11,963
Cash dividends declared, $0.05 per share					(1,338	)					—
Dividends on preferred shares					(286	)					(700	)
Accretion of fair value of warrant					—						(183	)
Balance at end of period				$	98,847					$	76,790
ACCUMULATED OTHER COMPREHENSIVE INCOME, NET OF TAX
Unrealized gains on securities and derivatives:
Balance at beginning of period				$	(294	)				$	6,607
Other comprehensive income (loss)					4,417						(3,025	)
Balance at end of period				$	4,123					$	3,582
TREASURY STOCK
Balance at beginning of period		(1,363,342	)	$	(11,182	)		(1,355,050	)	$	(11,066	)
Purchase of treasury shares		(20,154	)		(432	)		(8,292	)		(116	)
Balance at end of period		(1,383,496	)	$	(11,614	)		(1,363,342	)	$	(11,182	)
TOTAL STOCKHOLDERS’ EQUITY				$	343,399					$	287,777

See notes to unaudited consolidated financial statements.

3

AMERIS BANCORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in thousands)

(Unaudited)

	Six Months Ended June 30,
	2014			2013
Cash flows from operating activities:
Net income	$	16,480		$	11,963
Adjustments reconciling net income to net cash provided by operating activities:
Depreciation		3,709			2,468
Stock based compensation expense		1,012			395
Net (gains)/losses on sale or disposal of premises and equipment		1			(221	)
Net losses or write-downs on sale of other real estate owned		1,985			3,599
Provision for loan losses		3,091			7,088
Accretion of covered loans		(15,432	)		(25,841	)
Accretion of purchased non-covered loans		(3,153	)		—
Accretion of FDIC loss-share receivable, net of amortization of FDIC clawback payable		5,685			8,607
Increase in cash surrender value of BOLI		(620	)		(565	)
Amortization of intangible assets		970			722
Net amortization of investment securities available for sale		1,525			1,785
Net change in mortgage loans held for sale		(6,925	)		(13,794	)
Net gains on securities available for sale		(6	)		(171	)
Change attributable to other operating activities		7,585			12,210
Net cash provided by operating activities		15,907			8,245
Cash flows from investing activities, net of effect of business combinations:
Net increase in federal funds sold and interest-bearing deposits		176,107			149,773
Proceeds from maturities of s ecurities available for sale		22,493			32,072
Purchase of securities available for sale		(68,632	)		(41,722	)
Proceeds from sales of securities available for sale		69,768			31,340
Purchase of bank owned life insurance		—			(30,000	)
Net increase in loans, excluding purchased non-covered and covered loans		(160,626	)		(116,430	)
Payments received on purchased non-covered loans		27,791			—
Payments received on covered loans		64,743			65,971
Payments received from FDIC under loss share agreements		10,576			45,604
Proceeds from sales of other real estate owned		17,420			38,534
Decrease in restricted equity securities, net		6,832			—
Proceeds from sales of premises and equipment		56			1,928
Purchases of premises and equipment		(2,223	)		(2,117	)
Net cash proceeds received from acquisitions		1,099			—
Net cash provided by investing activities		165,404			174,953
Cash flows from financing activities, net of effect of business combinations:
Net increase/(decrease) in deposits		20,780			(181,560	)
Net decrease in securities sold under agreements to repurchase		(37,835	)		(30,978	)
Repayment of other borrowings		(174,005	)		—
Proceeds from other borrowings		57,463			—
Redemption of preferred stock		(28,000	)		—
Dividends paid - preferred stock		(286	)		(700	)
Dividends paid - common stock		(1,338	)		—
Purchase of treasury shares		(432	)		(116	)
Proceeds from exercise of stock options		373			243
Net cash used in financing activities		(163,280	)		(213,111	)
Net increase (decrease) in cash and due from banks		18,031			(29,913	)
Cash and due from banks at beginning of period		62,955			80,256
Cash and due from banks at end of period	$	80,986		$	50,343

4

	Six Months Ended June 30,
	2014		2013
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid/(received) during the period for:
Interest	$	6,740	$	5,371
Income taxes	$	5,583	$	8,356
Loans (excluding purchased non-covered and covered loans) transferred to other real estate owned	$	6,400	$	5,564
Purchased non-covered loans transferred to other real estate owned	$	1,425	$	—
Covered loans transferred to other real estate owned	$	9,083	$	23,275
Issuance of common stock in acquisitions	$	34,474	$	—

See notes to unaudited consolidated financial statements.

5

AMERIS BANCORP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2014

(Unaudited)

NOTE 1 – BASIS OF PRESENTATION AND ACCOUNTING POLICIES

Ameris Bancorp (the “Company” or “Ameris”) is a financial holding company headquartered in Moultrie, Georgia. Ameris conducts substantially all of its operations through its wholly-owned banking subsidiary, Ameris Bank (the “Bank”). At June 30, 2014, the Bank operated 74 branches in select markets in Georgia, Alabama, Florida 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 the Company’s established guidelines and policies, the banker closest to the customer responds to the differing needs and demands of their his or her market.

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 for complete financial statement presentation. The interim consolidated financial statements included herein are unaudited, but reflect all 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 period ended June 30, 2014 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 and the report of our registered independent public accounting firm included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

Newly Issued Accounting Pronouncements

ASU 2014-09 – Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 provides guidance that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective prospectively, for annual and interim periods, beginning after December 15, 2016. The Company is currently evaluating the impact this standard will have on the Company’s results of operations, financial position or disclosures.

ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors (“ASU 2014-04”). ASU 2014-04 clarifies when a creditor should reclassify mortgage loans collateralized by residential real estate from loans to other real estate owned. It defines when an
in-substance repossession or foreclosure has occurred and when a creditor is considered to have received physical possession of residential real estate collateralizing a mortgage loan. ASU 2014-04 is effective for fiscal years beginning after December 31, 2014, and early adoption is permitted. It can be applied either prospectively or using a modified retrospective transition method. The Company is evaluating the impact this standard may have on the Company’s results of operations, financial position or disclosures.

ASU 2013-11 - Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, if a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of these revisions did not have a material impact on the Company’s results of operations, financial position or disclosures.

6

NOTE 2 – BUSINESS COMBINATIONS

On June 30, 2014, the Company completed its acquisition of The Coastal Bankshares, Inc. (“Coastal”), a bank holding company headquartered in Savannah, Georgia. Upon consummation of the acquisition, Coastal was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, Coastal’s wholly owned banking subsidiary, The Coastal Bank, was also merged with and into the Bank. The acquisition grew the Company’s existing market presence, as Coastal Bank had a total of six banking locations in Chatham, Liberty and Effingham Counties, Georgia. Coastal’s common shareholders received 0.4671 of a share of the Company’s common stock in exchange for each share of Coastal’s common stock. As a result, the Company issued 1,598,987 common shares at a fair value of $34.5 million and paid $2.8 million cash in exchange for outstanding warrants.

The acquisition of Coastal was accounted for using the purchase method of accounting in accordance with FASB ASC 805, Business Combinations. Assets acquired, liabilities assumed and consideration exchanged were recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values becomes available. Management continues to evaluate fair value adjustments related to loans, other real estate owned and deferred tax assets. Management is in the process of estimating the deferred tax assets resulting from differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for income tax purposes. This estimate will also reflect acquired net operating loss carryforwards and other acquired assets with built-in losses that are expected to be settled or otherwise recovered in future periods where the realization of such benefits would be subject to section 382 limitations. Accordingly, as of the date of acquisition, the Company has not established a deferred tax asset, as management is still performing its assessment of the realization of the benefits from the settlement or recovery of certain of these acquired assets and net operating losses are expected to be subject to section 382 limitations.

The following table presents the assets acquired and liabilities of Coastal assumed as of June 30, 2014 and their initial fair value estimates. The fair value adjustments shown in the following table continue to be evaluated by management and may be subject to further adjustment:

(Dollars in Thousands)	As Recorded by Coastal			Fair Value Adjustments			As Recorded by Ameris
Assets
Cash and cash equivalents	$	3,895		$	—		$	3,895
Federal funds sold and interest-bearing balances		15,923			—			15,923
Investment securities		67,266			(500	)(a)		66,766
Other investments		975			—			975
Mortgage loans held for sale		7,288			—			7,288
Loans		296,141			(16,700	)(b)		279,441
Less allowance for loan losses		(3,218	)		3,218	(c)		—
Loans, net		292,923			(13,482	)		279,441
Other real estate owned		14,992			(3,528	)(d)		11,464
Premises and equipment		11,882			—			11,882
Intangible assets		507			4,266	(e)		4,773
Other assets		22,710			—			22,710
Total assets	$	438,361		$	(13,244	)	$	425,117
Liabilities
Deposits:
Noninterest-bearing	$	80,012		$	—		$	80,012
Interest-bearing		289,012			—			289,012
Total deposits		369,024			—			369,024
Federal funds purchased and securities sold under agreements to repurchase		5,428			—			5,428
Other borrowings		22,005			—			22,005
Other liabilities		6,192			—			6,192
Subordinated deferrable interest debentures		15,465			(6,413	)(f)		9,052
Total liabilities		418,114			(6,413	)		411,701
Net identifiable assets acquired over (under) liabilities assumed		20,247			(6,831	)		13,416
Goodwill		—			23,854			23,854
Net assets acquired over (under) liabilities assumed	$	20,247		$	17,023		$	37,270
Consideration:
Ameris Bancorp common shares issued		1,598,987
Purchase price per share of the Company’s common stock	$	21.56
Company common stock issued		34,474
Cash exchanged for shares		2,796
Fair value of total consideration transferred	$	37,270

Explanation of fair value adjustments

(a) Adjustment reflects the fair value adjustments of the available for sale portfolio as of the acquisition date.

7

(b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio.

(c) Adjustment reflects the elimination of Coastal’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 recording of core deposit intangible on the acquired core deposit accounts.

(f) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.

On December 23, 2013, the Company completed its acquisition of The Prosperity Banking Company (“Prosperity”), a bank holding company headquartered in Saint Augustine, Florida. Upon consummation of the acquisition, Prosperity was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, Prosperity’s wholly owned banking subsidiary, Prosperity Bank, was also merged with and into the Bank. Prosperity Bank had a total of 12 banking locations, with the majority of the franchise concentrated in northeast Florida. Prosperity’s common shareholders were entitled to elect to receive either 3.125 shares of the Company’s common stock or $41.50 in cash in exchange for each share of Prosperity’s voting common stock. As a result of Prosperity shareholders’ elections, the Company issued 1,168,918 common shares at a fair value of $24.6 million.

The acquisition of Prosperity was accounted for using the purchase method of accounting in accordance with FASB ASC 805, Business Combinations. Assets acquired, liabilities assumed and consideration exchanged were recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values becomes available.

The following table presents the assets acquired and liabilities of Prosperity assumed as of December 23, 2013 and their initial fair value estimates:

(Dollars in Thousands)	As Recorded by Prosperity			Fair Value Adjustments			As Recorded by Ameris
Assets
Cash and cash equivalents	$	4,285		$	—		$	4,285
Federal funds sold and interest-bearing balances		21,687			—			21,687
Investment securities		151,863			411	(a)		152,274
Other investments		8,727			—			8,727
Loans		487,358			(37,662	)(b)		449,696
Less allowance for loan losses		(6,811	)		6,811	(c)		—
Loans, net		480,547			(30,851	)		449,696
Other real estate owned		6,883			(1,260	)(d)		5,623
Premises and equipment		36,293			—			36,293
Intangible assets		174			4,383	(e)		4,557
Other assets		26,600			1,192	(f)		27,792
Total assets	$	737,059		$	(26,125	)	$	710,934
Liabilities
Deposits:
Noninterest-bearing	$	149,242		$	—		$	149,242
Interest-bearing		324,441			—			324,441
Total deposits		473,683			—			473,683
Federal funds purchased and securities sold under agreements to repurchase		21,530			—			21,530
Other borrowings		185,000			12,313	(g)		197,313
Other liabilities		14,058			455	(h)		14,513
Subordinated deferrable interest debentures		29,500			(16,303	)(i)		13,197
Total liabilities		723,771			(3,535	)		720,236
Net identifiable assets acquired over (under) liabilities assumed		13,288			(22,590	)		(9,302	)
Goodwill		—			34,093			34,093
Net assets acquired over (under) liabilities assumed	$	13,288		$	11,503		$	24,791
Consideration:
Ameris Bancorp common shares issued		1,168,918
Purchase price per share of the Company’s common stock	$	21.07
Company common stock issued		24,629
Cash exchanged for shares		162
Fair value of total consideration transferred	$	24,791

8

Explanation of fair value adjustments

(a) Adjustment reflects the fair value adjustments of the available for sale portfolio as of the acquisition date.

(b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio.

(c) Adjustment reflects the elimination of Prosperity’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 recording of core deposit intangible on the acquired core deposit accounts.

(f) Adjustment reflects the adjustment to write-off the non-realizable portion of Prosperity’s deferred tax asset of ($6.644 million), to record the deferred tax asset generated by purchase accounting adjustments of $8.435 million and to record the fair value adjustment of other assets of ($0.599 million) at the acquisition date.

(g) Adjustment reflects the fair value adjustment (premium) to the FHLB borrowings of $12.741 million and the fair value adjustment to the subordinated debt of $0.428 million.

(h) Adjustment reflects the fair value adjustment of other liabilities at the acquisition date.

(i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.

On the dates of acquisition, the Company estimated the future cash flows on each individual loan and made the necessary adjustments to reflect the asset at fair value. At each quarter end subsequent to the acquisition dates, the Company revises the estimates of future cash flows based on current information and makes the necessary adjustments to carrying value. The adjustments are performed on a loan-by-loan basis. No adjustments have been made for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013.

A rollforward of purchased non-covered loans with deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013		June 30, 2013
Balance, January 1	$	67,165		$	—	$	—
Charge-offs, net of recoveries		(2,218	)		—		—
Additions due to acquisitions		29,280			67,165		—
Other (loan payments, transfers, etc.)		(970	)		—		—
Ending balance	$	93,257		$	67,165	$	—

A rollforward of purchased non-covered loans without deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	381,588		$	—		$	—
Additions due to acquisitions		249,520			382,531			—
Loan payments, transfers, etc.		(22,234	)		(943	)		—
Ending balance	$	608,874		$	381,588		$	—

The following is a summary of changes in the accretable discounts of purchased non-covered loans during the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013:

(Dollars in Thousands)	June 30, 2014			December 31, 2013		June 30, 2013
Balance, January 1	$	26,189		$	—	$	—
Additions due to acquisitions		7,799			26,189		—
Accretion		(3,153	)		—		—
Other activity, net		1,486			—		—
Ending balance	$	32,321		$	26,189	$	—

9

NOTE 3 – INVESTMENT SECURITIES

The Company’s investment policy blends the Company’s liquidity needs and interest rate risk management with its desire to increase income and provide funds for expected growth in loans. The investment securities portfolio consists primarily of U.S. government sponsored mortgage-backed securities and agencies, state, county and municipal securities and corporate debt securities. The Company’s portfolio and investing philosophy concentrate activities in obligations where the credit risk is limited. For the small portion of the Company’s portfolio found to present credit risk, the Company has reviewed the investments and financial performance of the obligors and believes the credit risk to be acceptable.

The amortized cost and estimated fair value of investment securities available for sale at June 30, 2014, December 31, 2013 and June 30, 2013 are presented below:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in Thousands)
June 30, 2014:
U. S. government agencies	$	14,950	$	—	$	(505	)	$	14,445
State, county and municipal securities		143,507		3,136		(863	)		145,780
Corporate debt securities		10,805		284		(131	)		10,958
Mortgage-backed securities		361,194		5,435		(2,182	)		364,447
Total securities	$	530,456	$	8,855	$	(3,681	)	$	535,630
December 31, 2013:
U. S. government agencies	$	14,947	$	—	$	(1,021	)	$	13,926
State, county and municipal securities		112,659		2,269		(2,174	)		112,754
Corporate debt securities		10,311		275		(261	)		10,325
Collateralized debt obligations		1,480		—		—			1,480
Mortgage-backed securities		349,441		2,347		(4,038	)		347,750
Total securities	$	488,838	$	4,891	$	(7,494	)	$	486,235
June 30, 2013:
U. S. government agencies	$	14,944	$	—	$	(609	)	$	14,335
State, county and municipal securities		109,793		3,708		(742	)		112,759
Corporate debt securities		10,543		311		(764	)		10,090
Mortgage-backed securities		177,196		3,824		(2,036	)		178,984
Total securities	$	312,476	$	7,843	$	(4,151	)	$	316,168

The amortized cost and fair value of available-for-sale securities at June 30, 2014 by contractual maturity are summarized in the table below. Expected maturities for mortgage-backed securities may differ from contractual maturities because in certain cases borrowers can prepay obligations without prepayment penalties. Therefore, these securities are not included in the following maturity summary:

	Amortized Cost		Fair Value
	(Dollars in Thousands)
Due in one year or less	$	5,055	$	5,123
Due from one year to five years		41,290		42,911
Due from five to ten years		66,456		66,794
Due after ten years		56,461		56,355
Mortgage-backed securities		361,194		364,447
	$	530,456	$	535,630

Securities with a carrying value of approximately $228.3 million serve as collateral to secure public deposits and for other purposes required or permitted by law at June 30, 2014, compared to $399.0 million and $224.5 million at December 31, 2013 and June 30, 2013, respectively.

10

The following table details the gross unrealized losses and fair value of securities aggregated by category and duration of continuous unrealized loss position at June 30, 2014, December 31, 2013 and June 30, 2013.

	Less Than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)
June 30, 2014:
U. S. government agencies	$	—	$	—		$	14,445	$	(505	)	$	14,445	$	(505	)
State, county and municipal securities		4,088		(35	)		29,203		(828	)		33,291		(863	)
Corporate debt securities		—		—			4,945		(131	)		4,945		(131	)
Mortgage-backed securities		25,107		(65	)		51,039		(2,117	)		76,146		(2,182	)
Total temporarily impaired securities	$	29,195	$	(100	)	$	99,632	$	(3,581	)	$	128,827	$	(3,681	)
December 31, 2013:
U. S. government agencies	$	13,926	$	(1,021	)	$	—	$	—		$	13,926	$	(1,021	)
State, county and municipal securities		47,401		(1,882	)		3,794		(292	)		51,195		(2,174	)
Corporate debt securities		—		—			4,826		(261	)		4,826		(261	)
Collateralized debt obligations		—		—			—		—			—		—
Mortgage-backed securities		94,989		(2,493	)		23,388		(1,545	)		118,377		(4,038	)
Total temporarily impaired securities	$	156,316	$	(5,396	)	$	32,008	$	(2,098	)	$	188,324	$	(7,494	)
June 30, 2013:
U. S. government agencies	$	14,335	$	(609	)	$	—	$	—		$	14,335	$	(609	)
State, county and municipal securities		36,268		(726	)		497		(16	)		36,765		(742	)
Corporate debt securities		—		—			4,333		(764	)		4,333		(764	)
Mortgage-backed securities		68,031		(2,036	)		925		—			68,956		(2,036	)
Total temporarily impaired securities	$	118,634	$	(3,371	)	$	5,755	$	(780	)	$	124,389	$	(4,151	)

Management and the Company’s Asset and Liability Committee (the “ALCO Committee”) evaluate securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. While the majority of the unrealized losses on debt securities relate to changes in interest rates, corporate debt securities have also been affected by reduced levels of liquidity and higher risk premiums. Occasionally, management engages independent third parties to evaluate the Company’s position in certain corporate debt securities to aid management and the ALCO Committee in its determination regarding the status of impairment. The Company believes that each investment poses minimal credit risk and further, that the Company does not intend to sell these investment securities at an unrealized loss position at June 30, 2014, and it is more likely than not that the Company will not be required to sell these securities prior to recovery or maturity. Therefore, at June 30, 2014, these investments are not considered impaired on an other-than-temporary basis.

At December 31, 2013 and 2012, all of the Company’s mortgage-backed securities were obligations of government-sponsored agencies.

The following table is a summary of sales activities in the Company’s investment securities available for sale for the six months ended June 30, 2014, year ended December 31, 2013 and six months ended June 30, 2013:

	June 30, 2014			December 31, 2013			June 30, 2013
	(Dollars in Thousands)
Gross gains on sales of securities	$	8		$	353		$	353
Gross losses on sales of securities		(2	)		(182	)		(182	)
Net realized gains on sales of securities available for sale	$	6		$	171		$	171
Sales proceeds	$	69,768		$	36,669		$	31,340

11

NOTE 4 – LOANS

The Company engages in a full complement of lending activities, including real estate-related loans, agriculture-related loans, commercial and financial loans and consumer installment loans within select markets in Georgia, Alabama, Florida and South Carolina. Ameris concentrates the majority of its lending activities in real estate loans. While risk of loss in the Company’s portfolio is primarily tied to the credit quality of the various borrowers, risk of loss may increase due to factors beyond the Company’s control, such as local, regional and/or national economic downturns. General conditions in the real estate market may also impact the relative risk in the real estate portfolio.

Commercial, financial and agricultural loans include both secured and unsecured loans for working capital, expansion, crop production, and other business purposes. Short-term working capital loans are secured by non-real estate collateral such as accounts receivable, crops, inventory and equipment. The Company evaluates the financial strength, cash flow, management, credit history of the borrower and the quality of the collateral securing the loan. The Bank often requires personal guarantees and secondary sources of repayment on commercial, financial and agricultural loans.

Real estate loans include construction and development loans, commercial and farmland loans and residential loans. Construction and development loans include loans for the development of residential neighborhoods, construction of one-to-four family residential construction loans to builders and consumers, and commercial real estate construction loans, primarily for owner-occupied properties. The Company limits its construction lending risk through adherence to established underwriting procedures. Commercial real estate loans include loans secured by owner-occupied commercial buildings for office, storage, retail, farmland and warehouse space. They also include non-owner occupied commercial buildings such as leased retail and office space. Commercial real estate loans may be larger in size and may involve a greater degree of risk than one-to-four family residential mortgage loans. Payments on such loans are often dependent on successful operation or management of the properties. The Company’s residential loans represent permanent mortgage financing and are secured by residential properties located within the Bank’s market areas.

Consumer installment loans and other loans include automobile loans, boat and recreational vehicle financing, and both secured and unsecured personal loans. Consumer loans carry greater risks than other loans, as the collateral can consist of rapidly depreciating assets such as automobiles and equipment that may not provide an adequate source of repayment of the loan in the case of default.

Loans are stated at unpaid balances, net of unearned income and deferred loan fees. Balances within the major loans receivable categories are presented in the following table, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	304,588	$	244,373	$	208,424
Real estate – construction and development		149,346		146,371		134,607
Real estate – commercial and farmland		850,000		808,323		788,654
Real estate – residential		422,731		366,882		357,685
Consumer installment		31,902		34,249		36,923
Other		11,492		18,256		29,534
	$	1,770,059	$	1,618,454	$	1,555,827

Purchased non-covered loans are defined as loans that were acquired in bank acquisitions that are not covered by a loss-sharing agreement with the FDIC. Purchased non-covered loans totaling $702.1 million and $448.8 million at June 30, 2014 and December 31, 2013, respectively, are not included in the above schedule. There were no purchased non-covered loans at June 30, 2013.

Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	41,583	$	32,141	$	—
Real estate – construction and development		64,084		31,176		—
Real estate – commercial and farmland		311,748		179,898		—
Real estate – residential		278,451		200,851		—
Consumer installment		6,265		4,687		—
	$	702,131	$	448,753	$	—

12

Covered loans are defined as loans that were acquired in FDIC-assisted transactions that are covered by a loss-sharing agreement with the FDIC. Covered loans totaling $331.3 million, $390.2 million and $443.5 million at June 30, 2014, December 31, 2013 and June 30, 2013, respectively, are not included in the above schedule.

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	25,209	$	26,550	$	27,371
Real estate – construction and development		31,600		43,179		52,972
Real estate – commercial and farmland		188,643		224,451		255,102
Real estate – residential		85,518		95,173		107,107
Consumer installment		280		884		965
	$	331,250	$	390,237	$	443,517

Nonaccrual and Past Due Loans

A loan is placed on nonaccrual status when, in management’s judgment, the collection of the interest income appears doubtful. Interest receivable that has been accrued and is subsequently determined to have doubtful collectability is charged against interest income. Interest payments on nonaccrual loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Nonaccrual loans are loans whose principal or interest is past due 90 days or more. In some cases, where borrowers are experiencing financial difficulties, loans may be restructured to provide terms significantly different from the original contractual terms.

The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	1,596	$	4,103	$	4,326
Real estate – construction and development		3,452		3,971		5,448
Real estate – commercial and farmland		8,831		8,566		8,963
Real estate – residential		7,795		12,152		12,423
Consumer installment		437		411		651
	$	22,111	$	29,203	$	31,811

The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	143	$	11	$	—
Real estate – construction and development		2,273		325		—
Real estate – commercial and farmland		6,647		1,653		—
Real estate – residential		6,658		4,658		—
Consumer installment		49		12		—
	$	15,770	$	6,659	$	—

The following table presents an analysis of covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	12,254	$	7,257	$	8,729
Real estate – construction and development		8,028		14,781		17,039
Real estate – commercial and farmland		17,027		33,495		47,427
Real estate – residential		8,702		13,278		15,459
Consumer installment		127		341		285
	$	46,138	$	69,152	$	88,939

13

The following table presents an aging analysis of loans, excluding purchased non-covered and covered past due loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	1,180	$	966	$	1,077	$	3,223	$	301,365	$	304,588	$	—
Real estate – construction & development		3,942		296		3,449		7,687		141,659		149,346		—
Real estate – commercial & farmland		4,622		1,860		7,404		13,886		836,114		850,000		—
Real estate – residential		5,806		3,829		7,197		16,832		405,899		422,731		—
Consumer installment loans		345		176		310		831		31,071		31,902		—
Other		—		—		—		—		11,492		11,492		—
Total	$	15,895	$	7,127	$	19,437	$	42,459	$	1,727,600	$	1,770,059	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	10,893	$	272	$	4,081	$	15,246	$	229,127	$	244,373	$	—
Real estate – construction & development		1,026		69		3,935		5,030		141,341		146,371		—
Real estate – commercial & farmland		3,981		1,388		7,751		13,120		795,203		808,323		—
Real estate – residential		5,422		1,735		11,587		18,744		348,138		366,882		—
Consumer installment loans		568		197		305		1,070		33,179		34,249		—
Other		—		—		—		—		18,256		18,256		—
Total	$	21,890	$	3,661	$	27,659	$	53,210	$	1,565,244	$	1,618,454	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	1,449	$	502	$	4,013	$	5,964	$	202,460	$	208,424	$	—
Real estate – construction & development		1,638		104		5,418		7,160		127,447		134,607		—
Real estate – commercial & farmland		5,392		1,580		5,333		12,305		776,349		788,654		—
Real estate – residential		4,735		5,256		11,745		21,736		335,949		357,685		—
Consumer installment loans		432		175		548		1,155		35,768		36,923		—
Other		—		—		—		—		29,534		29,534		—
Total	$	13,646	$	7,617	$	27,057	$	48,320	$	1,507,507	$	1,555,827	$	—

14

The following table presents an aging analysis of purchased non-covered past due loans based on the recorded basis as of June 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of June 30, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	137	$	26	$	143	$	306	$	41,277	$	41,583	$	—
Real estate – construction & development		712		168		2,165		3,045		61,039		64,084		—
Real estate – commercial & farmland		1,263		1,605		6,647		9,515		302,233		311,748		—
Real estate – residential		6,952		983		6,144		14,079		264,372		278,451		—
Consumer installment loans		23		29		47		99		6,166		6,265		—
Total	$	9,087	$	2,811	$	15,146	$	27,044	$	675,087	$	702,131	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	370	$	70	$	11	$	451	$	31,690	$	32,141	$	—
Real estate – construction & development		1,008		89		325		1,422		29,754		31,176		—
Real estate – commercial & farmland		6,851		2,064		1,516		10,431		169,467		179,898		—
Real estate – residential		4,667		1,074		3,428		9,169		191,682		200,851		—
Consumer installment loans		7		17		9		33		4,654		4,687		—
Total	$	12,903	$	3,314	$	5,289	$	21,506	$	427,247	$	448,753	$	—

15

The following table presents an aging analysis of covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	16	$	467	$	6,909	$	7,392	$	17,817	$	25,209	$	—
Real estate – construction & development		551		459		7,708		8,718		22,882		31,600		—
Real estate – commercial & farmland		6,399		139		10,443		16,981		171,662		188,643		—
Real estate – residential		2,490		690		5,939		9,119		76,399		85,518		—
Consumer installment loans		—		49		56		105		175		280		—
Total	$	9,456	$	1,804	$	31,055	$	42,315	$	288,935	$	331,250	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	3,966	$	12	$	6,165	$	10,143	$	16,407	$	26,550	$	—
Real estate – construction & development		843		144		14,055		15,042		28,137		43,179		—
Real estate – commercial & farmland		8,482		4,350		26,428		39,260		185,191		224,451		346
Real estate – residential		7,648		1,914		10,244		19,806		75,367		95,173		—
Consumer installment loans		51		14		305		370		514		884		—
Total	$	20,990	$	6,434	$	57,197	$	84,621	$	305,616	$	390,237	$	346
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	529	$	441	$	7,333	$	8,303	$	19,068	$	27,371	$	63
Real estate – construction & development		2,672		743		15,911		19,326		33,646		52,972		348
Real estate – commercial & farmland		4,020		3,929		41,250		49,199		205,903		255,102		636
Real estate – residential		6,283		772		12,155		19,210		87,897		107,107		60
Consumer installment loans		68		6		255		329		636		965		—
Total	$	13,572	$	5,891	$	76,904	$	96,367	$	347,150	$	443,517	$	1,107

16

Impaired Loans

Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreements. When determining if the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement, the Company considers the borrower’s capacity to pay, which includes such factors as the borrower’s current financial statements, an analysis of global cash flow sufficient to pay all debt obligations and an evaluation of secondary sources of repayment, such as guarantor support and collateral value. Impaired loans include loans on nonaccrual status and troubled debt restructurings. The Company individually assesses for impairment all nonaccrual loans greater than $200,000 and rated substandard or worse and all troubled debt restructurings greater than $100,000. If a loan is deemed impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis.

The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans:

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	22,111	$	29,203	$	31,811
Troubled debt restructurings not included above		17,337		17,214		18,015
Total impaired loans	$	39,448	$	46,417	$	49,826
Impaired loans not requiring a related allowance	$	—	$	—	$	—
Impaired loans requiring a related allowance	$	39,448	$	46,417	$	49,826
Allowance related to impaired loans	$	3,619	$	3,871	$	5,072
Average investment in impaired loans	$	43,814	$	51,721	$	54,481
Interest income recognized on impaired loans	$	42	$	522	$	451
Foregone interest income on impaired loans	$	23	$	418	$	172

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013.

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	3,398	$	—	$	1,852	$	1,852	$	298	$	3,397
Real estate – construction & development		9,336		—		5,532		5,532		798		5,811
Real estate – commercial & farmland		19,215		—		16,421		16,421		1,629		16,394
Real estate – residential		18,313		—		15,131		15,131		884		17,698
Consumer installment loans		638		—		512		512		10		514
Total	$	50,900	$	—	$	39,448	$	39,448	$	3,619	$	43,814

17

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	6,240	$	—	$	4,618	$	4,618	$	435	$	4,844
Real estate – construction & development		11,363		—		5,867		5,867		512		8,341
Real estate – commercial & farmland		18,456		—		15,479		15,479		1,443		17,559
Real estate – residential		24,342		—		19,970		19,970		1,472		20,335
Consumer installment loans		623		—		483		483		9		642
Total	$	61,024	$	—	$	46,417	$	46,417	$	3,871	$	51,721
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	7,723	$	—	$	5,384	$	5,384	$	1,018	$	4,960
Real estate – construction & development		15,324		—		7,394		7,394		687		9,894
Real estate – commercial & farmland		19,759		—		16,491		16,491		1,657		18,692
Real estate – residential		23,373		—		19,893		19,893		1,692		20,178
Consumer installment loans		808		—		664		664		18		757
Total	$	66,987	$	—	$	49,826	$	49,826	$	5,072	$	54,481

The following is a summary of information pertaining to purchased non-covered impaired loans:

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	15,770	$	6,659	$	—
Troubled debt restructurings not included above		—		—		—
Total impaired loans	$	15,770	$	6,659	$	—
Impaired loans not requiring a related allowance	$	15,770	$	6,659	$	—
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	12,582	$	128	$	—
Interest income recognized on impaired loans	$	16	$	—	$	—
Foregone interest income on impaired loans	$	158	$	—	$	—

18

The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of June 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of June 30, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	550	$	143	$	—	$	143	$	—	$	90
Real estate – construction & development		4,649		2,273		—		2,273		—		1,243
Real estate – commercial & farmland		9,848		6,647		—		6,647		—		5,043
Real estate – residential		10,598		6,658		—		6,658		—		6,175
Consumer installment loans		65		49		—		49		—		31
Total	$	25,710	$	15,770	$	—	$	15,770	$	—	$	12,582
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	19	$	11	$	—	$	11	$	—	$	—
Real estate – construction & development		542		325		—		325		—		6
Real estate – commercial & farmland		2,673		1,653		—		1,653		—		32
Real estate – residential		7,712		4,658		—		4,658		—		90
Consumer installment loans		20		12		—		12		—		—
Total	$	10,996	$	6,659	$	—	$	6,659	$	—	$	128

The following is a summary of information pertaining to covered impaired loans:

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	46,138	$	69,152	$	88,939
Troubled debt restructurings not included above		9,221		8,409		10,253
Total impaired loans	$	55,359	$	77,561	$	99,192
Impaired loans not requiring a related allowance	$	55,359	$	77,561	$	99,192
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	70,932	$	94,873	$	104,473
Interest income recognized on impaired loans	$	214	$	968	$	784
Foregone interest income on impaired loans	$	94	$	330	$	242

19

The following table presents an analysis of information pertaining to impaired covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	14,617	$	12,254	$	—	$	12,254	$	—	$	10,525
Real estate – construction & development		9,780		8,028		—		8,028		—		13,380
Real estate – commercial & farmland		21,236		18,093		—		18,093		—		27,174
Real estate – residential		18,662		16,857		—		16,857		—		19,641
Consumer installment loans		161		127		—		127		—		212
Total	$	64,456	$	55,359	$	—	$	55,359	$	—	$	70,932
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	9,598	$	7,257	$	—	$	7,257	$	—	$	8,676
Real estate – construction & development		17,540		14,781		—		14,781		—		17,909
Real estate – commercial & farmland		39,056		34,074		—		34,074		—		44,652
Real estate – residential		24,819		21,108		—		21,108		—		23,332
Consumer installment loans		394		341		—		341		—		304
Total	$	91,407	$	77,561	$	—	$	77,561	$	—	$	94,873
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	12,151	$	8,769	$	—	$	8,769	$	—	$	9,417
Real estate – construction & development		24,044		19,198		—		19,198		—		19,394
Real estate – commercial & farmland		58,538		48,000		—		48,000		—		50,508
Real estate – residential		27,794		22,940		—		22,940		—		24,877
Consumer installment loans		340		285		—		285		—		277
Total	$	122,867	$	99,192	$	—	$	99,192	$	—	$	104,473

Credit Quality Indicators

The Company uses a nine category risk grading system to assign a risk grade to each loan in the portfolio. Every loan is assigned a risk rating, with the exception of credit card receivables and overdraft protection loans which are treated as pools for risk rating purposes. Relationships greater than $250,000 are reviewed annually by the Bank’s independent internal loan review department or an independent third party loan review firm. The following is a description of the general characteristics of the grades:

Grade 10 – Prime Credit – This grade represents loans to the Company’s most creditworthy borrowers or loans that are secured by cash or cash equivalents.

Grade 15 – Good Credit – This grade includes loans that exhibit one or more characteristics better than that of a Satisfactory Credit. Generally, the debt service coverage and borrower’s liquidity is materially better than required by the Company’s loan policy.

Grade 20 – Satisfactory Credit – This grade is assigned to loans to borrowers who exhibit satisfactory credit histories, contain acceptable loan structures and demonstrate ability to repay.

Grade 23 – Performing, Under-Collateralized Credit – This grade is assigned to loans that are currently performing and supported by adequate financial information that reflects repayment capacity but exhibit a loan-to-value ratio greater than 110%, based on a documented collateral valuation.

20

Grade 25 – Minimum Acceptable Credit – This grade includes loans which exhibit all the characteristics of a Satisfactory Credit, but warrant more than normal level of banker supervision due to (i) circumstances which elevate the risks of performance (such as start-up operations, untested management, heavy leverage and interim losses); (ii) adverse, extraordinary events that have affected, or could affect, the borrower’s cash flow, financial condition, ability to continue operating profitability or refinancing (such as death of principal, fire and divorce); (iii) loans that require more than the normal servicing requirements (such as any type of construction financing, acquisition and development loans, accounts receivable or inventory loans and floor plan loans); (iv) existing technical exceptions which raise some doubts about the Bank’s perfection in its collateral position or the continued financial capacity of the borrower; or (v) improvements in formerly criticized borrowers, which may warrant banker supervision.

Grade 30 – Other Asset Especially Mentioned – This grade includes loans that exhibit potential weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date.

Grade 40 – Substandard – This grade represents loans which are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. These assets exhibit a well-defined weakness or are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. These weaknesses may be characterized by past due performance, operating losses or questionable collateral values.

Grade 50 – Doubtful – This grade includes loans which exhibit all of the characteristics of a substandard loan with the added provision that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable or improbable.

Grade 60 – Loss – This grade is assigned to loans which are considered uncollectible and of such little value that their continuance as active assets of the Bank is not warranted. This classification does not mean that the loss has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing it off.

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 2014.

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	103,726	$	—	$	255	$	505	$	6,356	$	—	$	110,842
15		24,620		4,678		141,846		54,388		1,120		—		226,652
20		102,278		48,008		460,715		226,149		17,714		11,492		866,356
23		123		9,215		9,318		9,479		294		—		28,429
25		65,882		77,973		197,381		103,846		5,281		—		450,363
30		4,004		2,680		12,914		13,568		194		—		33,360
40		3,955		6,792		27,571		14,786		943		—		54,047
50		—		—		—		10		—		—		10
60		—		—		—		—		—		—		—
Total	$	304,588	$	149,346	$	850,000	$	422,731	$	31,902	$	11,492	$	1,770,059

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2013.

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	66,983	$	—	$	265	$	419	$	6,714	$	—	$	74,381
15		24,789		4,655		147,157		52,335		1,276		—		230,212
20		93,852		45,195		431,790		165,339		18,619		18,256		773,051
23		127		8,343		10,219		12,641		274		—		31,604
25		50,373		78,736		181,645		103,427		6,310		—		420,491
30		2,111		2,876		11,849		13,558		197		—		30,591
40		6,011		6,566		25,398		19,153		859		—		57,987
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	244,373	$	146,371	$	808,323	$	366,882	$	34,249	$	18,256	$	1,618,454

21

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	37,173	$	—	$	298	$	498	$	6,883	$	—	$	44,852
15		17,783		4,934		154,369		63,078		1,527		—		241,691
20		82,636		36,654		402,677		137,518		19,586		29,534		708,605
23		108		6,878		9,575		13,104		165		—		29,830
25		60,981		75,273		189,109		110,244		7,497		—		443,104
30		3,154		3,183		12,104		10,666		159		—		29,266
40		5,991		7,685		20,522		22,577		1,104		—		57,879
50		598		—		—		—		—		—		598
60		—		—		—		—		2		—		2
Total	$	208,424	$	134,607	$	788,654	$	357,685	$	36,923	$	29,534	$	1,555,827

The following table presents the purchased non-covered loan portfolio by risk grade as of June 30, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	3,494	$	—	$	—	$	293	$	557	$	—	$	4,344
15		4,728		245		14,191		15,839		537		—		35,540
20		11,567		12,905		94,598		64,937		2,683		—		186,690
23		—		—		—		165		—		—		165
25		18,251		42,127		175,427		178,523		2,343		—		416,671
30		3,162		4,722		16,078		8,326		21		—		32,309
40		381		4,085		11,454		10,368		124		—		26,412
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	41,583	$	64,084	$	311,748	$	278,451	$	6,265	$	—	$	702,131

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	1,865	$	—	$	—	$	289	$	451	$	—	$	2,605
15		4,606		7		12,998		16,160		703		—		34,474
20		5,172		3,960		43,802		34,576		1,383		—		88,893
23		—		—		—		—		—		—		—
25		19,638		20,733		102,260		129,923		1,888		—		274,442
30		576		1,760		9,554		10,878		194		—		22,962
40		284		4,716		11,284		9,025		68		—		25,377
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	32,141	$	31,176	$	179,898	$	200,851	$	4,687	$	—	$	448,753

There were no purchased non-covered loans as of June 30, 2013.

22

The following table presents the covered loan portfolio by risk grade as of June 30, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		2		822		629		—		—		1,453
20		1,133		5,524		33,050		17,143		68		—		56,918
23		124		555		15,528		5,557		—		—		21,764
25		6,569		9,251		94,504		36,507		40		—		146,871
30		4,398		4,802		9,959		8,326		2		—		27,487
40		12,985		11,466		34,780		17,356		170		—		76,757
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	25,209	$	31,600	$	188,643	$	85,518	$	280	$	—	$	331,250

The following table presents the covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		16		1,048		638		—		—		1,702
20		2,184		8,549		34,674		21,363		193		—		66,963
23		134		1,085		17,037		4,748		51		—		23,055
25		7,508		9,611		101,657		38,427		235		—		157,438
30		5,125		2,006		21,297		6,979		17		—		35,424
40		11,599		21,912		48,738		23,018		388		—		105,655
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	26,550	$	43,179	$	224,451	$	95,173	$	884	$	—	$	390,237

The following table presents the covered loan portfolio by risk grade as of June 30, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		27		1,571		634		—		—		2,232
20		2,815		10,533		36,360		25,277		231		—		75,216
23		69		1,666		11,323		2,671		—		—		15,729
25		8,469		11,574		118,867		41,408		348		—		180,666
30		1,999		3,505		26,144		9,175		25		—		40,848
40		14,019		25,667		60,837		27,942		361		—		128,826
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	27,371	$	52,972	$	255,102	$	107,107	$	965	$	—	$	443,517

23

Troubled Debt Restructurings

The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. Concessions may include interest rate reductions to below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. The Company has exhibited the greatest success for rehabilitation of a loan by a reduction in the rate alone (maintaining the amortization of the debt) or a combination of a rate reduction and the forbearance of previously past due interest or principal. This has most typically been evidenced in certain commercial real estate loans whereby a disruption in the borrower’s cash flow resulted in an extended past due status, of which the borrower was unable to catch up completely as the cash flow of the property ultimately stabilized at a level lower than its original level. A reduction in rate, coupled with a forbearance of unpaid principal and/or interest, allowed the net cash flows to service the debt under the modified terms.

The Company’s policy requires a restructure request to be supported by a current, well-documented credit evaluation of the borrower’s financial condition and a collateral evaluation that is no older than six months from the date of the restructure. Key factors of that evaluation include the documentation of current, recurring cash flows, support provided by the guarantor(s) and the current valuation of the collateral. If the appraisal on file is older than six months, an evaluation must be made as to the continued reasonableness of the valuation. For certain income-producing properties, current rent rolls and/or other income information can be utilized to support the appraisal valuation, when coupled with documented cap rates within our markets and a physical inspection of the collateral to validate the current condition.

The Company’s policy states in the event a loan has been identified as a troubled debt restructuring, it should be assigned a grade of substandard and placed on nonaccrual status until such time that the borrower has demonstrated the ability to service the loan payments based on the restructured terms – generally defined as six months of satisfactory payment history. Missed payments under the original loan terms are not considered under the new structure; however, subsequent missed payments are considered non-performance and are not considered toward the six month required term of satisfactory payment history. The Company’s loan policy states that a nonaccrual loan may be returned to accrual status when (i) none of its principal and interest is due and unpaid, and the Company expects repayment of the remaining contractual principal and interest, or (ii) it otherwise becomes well secured and in the process of collection. Restoration to accrual status on any given loan must be supported by a well-documented credit evaluation of the borrower’s financial condition and the prospects for full repayment, approved by the Company’s Senior Credit Officer.

In the normal course of business, the Company renews loans with a modification of the interest rate or terms that are not deemed as troubled debt restructurings because the borrower is not experiencing financial difficulty. The Company modified loans in the first six months of 2014 and 2013 totaling $8.4 million and $20.7 million, respectively, under such parameters. In addition, the Company offers consumer loan customers an annual skip-a-pay program that is based on certain qualifying parameters and not based on financial difficulties. The Company does not treat these as troubled debt restructurings.

As of June 30, 2014, December 31, 2013 and June 30, 2013, the Company had a balance of $21.1 million, $20.9 million and $20.6 million, respectively, in troubled debt restructurings, excluding purchased non-covered and covered loans. The Company has recorded $3.0 million, $2.1 million and $2.0 million in previous charge-offs on such loans at June 30, 2014, December 31, 2013 and June 30, 2013, respectively. The Company’s balance in the allowance for loan losses allocated to such troubled debt restructurings was $398,000, $432,000 and $482,000 at June 30, 2014, December 31, 2013 and June 30, 2013, respectively. At June 30, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings. Troubled debt restructurings with an outstanding balance of $130,218 at December 31, 2013 defaulted during the first six months of 2014 and these defaults did not have a material impact on the Company’s allowance for loan loss.

24

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		3	$	257		3	$	465
Real estate – construction & development		12		2,080		2		32
Real estate – commercial & farmland		19		7,590		4		2,151
Real estate – residential		38		7,335		8		1,044
Consumer installment		14		75		5		51
Total		86	$	17,337		22	$	3,743
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		17		6,913		4		2,273
Real estate – residential		37		7,818		8		834
Consumer installment		6		72		3		19
Total		72	$	17,214		20	$	3,683
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		30		7,468		6		1,046
Consumer installment		1		13		—		—
Total		61	$	18,015		9	$	2,568

25

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as those currently paying under restructured terms and those that have defaulted (defined as 30 days past due) under restructured terms at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	272		1	$	449
Real estate – construction & development		10		2,042		4		69
Real estate – commercial & farmland		20		7,895		3		1,846
Real estate – residential		34		6,582		12		1,798
Consumer installment		14		92		5		35
Total		83	$	16,883		25	$	4,197
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		16		6,396		5		2,789
Real estate – residential		32		6,699		13		1,953
Consumer installment		7		90		2		2
Total		67	$	15,596		25	$	5,301
As of June 30, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		31		7,788		5		726
Consumer installment		1		13		—		—
Total		62	$	18,335		8	$	2,248

26

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by types of concessions made, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		12	$	2,145		—	$	—
Forgiveness of principal		5		2,448		—		—
Rate reduction only		14		6,842		5		1,176
Rate reduction, forbearance of interest		38		3,204		14		2,522
Rate reduction, forbearance of principal		17		2,698		2		16
Rate reduction, payment modification		—		—		1		29
Total		86	$	17,337		22	$	3,743
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		10	$	2,170		2	$	97
Forgiveness of principal		3		1,467		1		145
Payment modification only		1		280		1		88
Rate reduction only		14		7,069		3		913
Rate reduction, forbearance of interest		26		3,252		12		2,411
Rate reduction, forbearance of principal		18		2,976		—		—
Rate reduction, payment modification		—		—		1		29
Total		72	$	17,214		20	$	3,683
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		9	$	2,168		2	$	105
Forgiveness of principal		3		1,493		1		145
Payment modification only		2		373		—		—
Rate reduction only		12		6,924		2		496
Rate reduction, forbearance of interest		18		4,724		1		222
Rate reduction, forbearance of principal		17		2,333		2		1,571
Rate reduction, payment modification		—		—		1		29
Total		61	$	18,015		9	$	2,568

27

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by collateral types, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,385		2	$	469
Raw land		5		1,279		1		29
Agricultural land		2		374		—		—
Hotel & motel		3		2,101		—		—
Office		4		1,644		—		—
Retail, including strip centers		5		1,722		2		1,682
1-4 family residential		46		8,144		10		1,063
Church		1		364		—		—
Automobile/equipment/inventory		15		84		7		500
Unsecured		1		240		—		—
Total		86	$	17,337		22	$	3,743
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,346		2	$	592
Raw land		11		2,345		2		32
Hotel & motel		3		2,185		—		—
Office		4		1,909		—		—
Retail, including strip centers		4		1,095		2		1,680
1-4 family residential		36		7,747		9		852
Life insurance policy		1		250		—		—
Automobile/equipment/inventory		8		92		4		479
Unsecured		1		245		1		48
Total		72	$	17,214		20	$	3,683
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		2	$	345		2	$	1,493
Raw land		3		1,354		1		29
Agricultural land		1		66		—		—
Hotel & motel		3		2,233		—		—
Office		4		2,085		—		—
Retail, including strip centers		6		2,800		—		—
1-4 family residential		34		8,061		6		1,046
Life insurance policy		1		249		—		—
Automobile/equipment/inventory		5		522		—		—
Unsecured		2		300		—		—
Total		61	$	18,015		9	$	2,568

As of June 30, 2014 and December 31, 2013, the Company did not have any troubled debt restructurings included in purchased non-covered loans.

28

As of June 30, 2014, December 31, 2013 and June 30, 2013, the Company had a balance of $9.8 million, $9.1 million and $10.4 million, respectively, in troubled debt restructurings included in covered loans. The Company has recorded $42,000, $64,000 and $36,000 in previous charge-offs on such loans at June 30, 2014, December 31, 2013 and June 30, 2013, respectively. At June 30, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings.

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	24
Real estate – construction & development		—		—		1		14
Real estate – commercial & farmland		5		1,066		2		152
Real estate – residential		82		8,155		7		403
Consumer installment		—		—		1		4
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		2	$	67
Real estate – construction & development		—		—		1		16
Real estate – commercial & farmland		4		579		1		134
Real estate – residential		72		7,830		6		464
Consumer installment		—		—		1		5
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	40		—	$	—
Real estate – construction & development		2		2,159		1		10
Real estate – commercial & farmland		4		573		1		19
Real estate – residential		63		7,481		2		122
Consumer installment		—		—		—		—
Total		70	$	10,253		4	$	151

29

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	24		—	$	—
Real estate – construction & development		—		—		1		14
Real estate – commercial & farmland		7		1,217		—		—
Real estate – residential		76		7,297		13		1,262
Consumer installment		1		4		—		—
Total		85	$	8,542		14	$	1,276
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	27		1	$	40
Real estate – construction & development		1		16		—		—
Real estate – commercial & farmland		5		713		—		—
Real estate – residential		58		5,830		20		2,463
Consumer installment		1		6		—		—
Total		66	$	6,592		21	$	2,503
As of June 30, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	40		—	$	—
Real estate – construction & development		2		2,159		1		11
Real estate – commercial & farmland		5		592		—		—
Real estate – residential		57		5,808		8		1,794
Consumer installment		—		—		—		—
Total		65	$	8,599		9	$	1,805

30

The following table presents the amount of troubled debt restructurings included in covered loans, by types of concessions made, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		1	$	24
Forbearance of Principal		—		—		1		26
Rate Reduction Only		78		7,835		6		374
Rate Reduction, Forbearance of Interest		3		88		3		45
Rate Reduction, Forbearance of Principal		6		1,298		1		128
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Rate Reduction Only		68	$	7,510		6	$	457
Rate Reduction, Forbearance of Interest		3		88		4		96
Rate Reduction, Forbearance of Principal		5		811		1		133
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		4	$	260		1	$	11
Rate Reduction Only		57		9,051		3		140
Rate Reduction, Forbearance of Interest		4		129		—		—
Rate Reduction, Forbearance of Principal		5		813		—		—
Total		70	$	10,253		4	$	151

31

The following table presents the amount of troubled debt restructurings included in covered loans, by collateral types, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		—	$	—		2	$	38
Hotel & Motel		1		175		—		—
Office		1		488		—		—
Retail, including Strip Centers		2		280		1		128
1-4 Family Residential		83		8,278		8		407
Automobile/Equipment/Inventory		—		—		1		24
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		—	$	—		1	$	16
Hotel & Motel		1		172		—		—
Retail, including Strip Centers		2		283		1		134
1-4 Family Residential		73		7,954		7		469
Automobile/Equipment/Inventory		—		—		2		67
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		1	$	366		1	$	10
Hotel & Motel		1		170		—		—
Retail, including Strip Centers		2		277		1		19
1-4 Family Residential		65		9,400		2		122
Automobile/Equipment/Inventory		1		40		—		—
Total		70	$	10,253		4	$	151

32

Allowance for Loan Losses

The allowance for loan losses represents an allowance for probable incurred losses in the loan portfolio. The adequacy of the allowance for loan losses is evaluated periodically based on a review of all significant loans, with a particular emphasis on non-accruing, past due and other loans that management believes might be potentially impaired or warrant additional attention. The Company segregates the loan portfolio by type of loan and utilizes this segregation in evaluating exposure to risks within the portfolio. In addition, based on internal reviews and external reviews performed by independent auditors and regulatory authorities, the Company further segregates the loan portfolio by loan grades based on an assessment of risk for a particular loan or group of loans. Certain reviewed loans are assigned specific allowances when a review of relevant data determines that a general allocation is not sufficient or when the review affords management the opportunity to adjust the amount of exposure in a given credit. In establishing allowances, management considers historical loan loss experience but adjusts this data with a significant emphasis on data such as current loan quality trends, current economic conditions and other factors in the markets where the Company operates. Factors considered include, among others, current valuations of real estate in their markets, unemployment rates, the effect of weather conditions on agricultural related entities and other significant local economic events.

The Company has developed a methodology for determining the adequacy of the allowance for loan losses which is monitored by the Company’s Chief Credit Officer. Procedures provide for the assignment of a risk rating for every loan included in the total loan portfolio, with the exception of credit card receivables and overdraft protection loans which are treated as pools for risk rating purposes. The risk rating schedule provides nine ratings of which five ratings are classified as pass ratings and four ratings are classified as criticized ratings. Each risk rating is assigned a percentage factor to be applied to the loan balance to determine the adequate amount of reserve. Relationships greater than $250,000 are reviewed annually by the Bank’s independent internal loan review department or an independent third party loan review firm. As a result of these loan reviews, certain loans may be identified as having deteriorating credit quality. Other loans that surface as problem loans may also be assigned specific reserves. Past due loans are assigned risk ratings based on the number of days past due. The calculation of the allowance for loan losses, including underlying data and assumptions, is reviewed regularly by the Company’s Chief Financial Officer and the loan review department.

Loan losses are charged against the allowance when management believes the collection of a loan’s principal is unlikely. Subsequent recoveries are credited to the allowance. Consumer loans are charged-off in accordance with the Federal Financial Institutions Examination Council’s (“FFIEC”) Uniform Retail Credit Classification and Account Management Policy. Commercial loans are charged-off when they are deemed uncollectible, which usually involves a triggering event within the collection effort. If the loan is collateral dependent, the loss is more easily identified and is charged-off when it is identified, usually based upon receipt of an appraisal. However, when a loan has guarantor support, the Company may carry the estimated loss as a reserve against the loan while collection efforts with the guarantor are pursued. If, after collection efforts with the guarantor are complete, the deficiency is still considered uncollectible, the loss is charged-off and any further collections are treated as recoveries. In all situations, when a loan is downgraded to an Asset Quality Rating of 60 (Loss per the regulatory guidance), the uncollectible portion is charged-off.

During the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013, the Company recorded provision for loan loss expense of $593,000, $1.5 million and $790,000, respectively, to account for losses where the initial estimate of cash flows was found to be excessive on loans acquired in FDIC-assisted transactions. These amounts are excluded from the rollforwards below but are reflected in the Company’s Consolidated Statements of Earnings and Comprehensive Income. Charge-offs on purchased covered loans are recorded when impairment is recorded and provision expense is recorded net of the indemnification by the FDIC loss-share agreements.

33

The following table details activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2014	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Provision for loan losses		1,087			(89	)		1,074			(66	)		492			2,498
Loans charged off		(908	)		(222	)		(1,302	)		(933	)		(214	)		(3,579	)
Recoveries of loans previously charged off		183			204			152			131			288			958
Balance, June 30, 2014	$	2,185		$	5,431		$	8,317		$	5,166		$	1,155		$	22,254
Period-end amount allocated to:
Loans individually evaluated for impairment	$	282		$	710		$	1,652		$	801		$	—		$	3,445
Loans collectively evaluated for impairment		1,903			4,721			6,665			4,365			1,155			18,809
Ending balance	$	2,185		$	5,431		$	8,317		$	5,166		$	1,155		$	22,254
Loans:
Individually evaluated for impairment	$	855		$	3,264		$	16,865		$	11,538		$	—		$	32,522
Collectively evaluated for impairment		303,733			146,082			833,135			411,193			43,394			1,737,537
Ending balance	$	304,588		$	149,346		$	850,000		$	422,731		$	43,394		$	1,770,059
	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		711			1,742			2,777			4,463			254			9,947
Loans charged off		(1,759	)		(2,020	)		(3,571	)		(5,215	)		(719	)		(13,284	)
Recoveries of loans previously charged off		432			473			30			888			298			2,121
Balance, December 31, 2013	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Period-end amount allocated to:
Loans individually evaluated for impairment	$	356		$	407		$	1,427		$	1,395		$	—		$	3,585
Loans collectively evaluated for impairment		1,467			5,131			6,966			4,639			589			18,792
Ending balance	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Loans:
Individually evaluated for impairment	$	3,457		$	3,581		$	15,240		$	16,925		$	—		$	39,203
Collectively evaluated for impairment		240,916			142,790			793,083			349,957			52,505			1,579,251
Ending balance	$	244,373		$	146,371		$	808,323		$	366,882		$	52,505		$	1,618,454

34

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		1,118			1,526			1,420			2,340			(106	)		6,298
Loans charged off		(734	)		(1,231	)		(1,793	)		(2,107	)		(371	)		(6,236	)
Recoveries of loans previously charged off		128			4			13			229			188			562
Balance, June 30, 2013	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Period-end amount allocated to:
Loans individually evaluated for impairment	$	876		$	467		$	1,629		$	1,573		$	—		$	4,545
Loans collectively evaluated for impairment		2,075			5,175			7,168			4,787			467			19,672
Ending balance	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Loans:
Individually evaluated for impairment	$	3,705		$	3,935		$	15,842		$	15,329		$	—		$	38,811
Collectively evaluated for impairment		204,719			130,672			772,812			342,356			66,457			1,517,016
Ending balance	$	208,424		$	134,607		$	788,654		$	357,685		$	66,457		$	1,555,827

NOTE 5 – ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS

From October 2009 through July 2012, the Company participated in ten FDIC-assisted acquisitions whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include the following:

Bank Acquired	Location:	Branches:	Date Acquired
American United Bank (“AUB”)	Lawrenceville, Ga.	1	October 23, 2009
United Security Bank (“USB”)	Sparta, Ga.	2	November 6, 2009
Satilla Community Bank (“SCB”)	St. Marys, Ga.	1	May 14, 2010
First Bank of Jacksonville (“FBJ”)	Jacksonville, Fl.	2	October 22, 2010
Tifton Banking Company (“TBC”)	Tifton, Ga.	1	November 12, 2010
Darby Bank & Trust (“DBT”)	Vidalia, Ga.	7	November 12, 2010
High Trust Bank (“HTB”)	Stockbridge, Ga.	2	July 15, 2011
One Georgia Bank (“OGB”)	Midtown Atlanta, Ga.	1	July 15, 2011
Central Bank of Georgia (“CBG”)	Ellaville, Ga.	5	February 24, 2012
Montgomery Bank & Trust (“MBT”)	Ailey, Ga.	2	July 6, 2012

The determination of the initial fair values of loans at the acquisition date and the initial fair values of the related FDIC indemnification assets involves a high degree of judgment and complexity. The carrying values of the acquired loans and the FDIC indemnification assets reflect management’s best estimate of the fair value of each of these assets as of the date of acquisition. However, the amount that the Company realizes on these assets could differ materially from the carrying values reflected in the financial statements included in this report, based upon the timing and amount of collections on the acquired loans in future periods. Because of the loss-sharing agreements with the FDIC on these assets, the Company does not expect to incur any significant losses. To the extent the actual values realized for the acquired loans are different from the estimates, the indemnification assets will generally be affected in an offsetting manner due to the loss-sharing support from the FDIC.

FASB ASC 310 – 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310”), applies to a loan with evidence of deterioration of credit quality since origination, acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. ASC 310 prohibits carrying over or creating an allowance for loan losses upon initial recognition for loans which fall under the scope of this statement. At the acquisition dates, a majority of these loans were valued based on the liquidation value of the underlying collateral because the future cash flows are primarily based on the liquidation of underlying collateral. There was no allowance for credit losses established related to these ASC 310 loans at the acquisition dates, based on the provisions of this statement. Over the life of the acquired loans, the Company continues to estimate cash flows expected to be collected. If the expected cash flows expected to be collected increases, then the Company adjusts the amount of accretable discount recognized on a prospective basis over the loan’s remaining life. If the expected cash flows expected to be collected decreases, then the Company records a provision for loan loss in its consolidated statement of operations.

35

The following table summarizes components of all covered assets at June 30, 2014, December 31, 2013 and June 30, 2013 and their origin:

	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
	(Dollars in Thousands)
As of June 30, 2014:
AUB	$	9,106	$	133	$	8,973	$	1,690	$	—	$	1,690	$	10,663	$	1,676
USB		14,030		805		13,225		2,927		62		2,865		16,090		920
SCB		30,545		954		29,591		3,332		308		3,024		32,615		3,073
FBJ		23,264		2,696		20,568		1,734		135		1,599		22,167		2,752
DBT		81,700		8,774		72,926		12,766		913		11,853		84,779		10,119
TBC		28,363		1,853		26,510		4,493		758		3,735		30,245		3,543
HTB		59,267		6,535		52,732		4,130		1,349		2,781		55,513		9,000
OGB		49,501		4,937		44,564		7,964		2,984		4,980		49,544		7,268
CBG		71,959		9,798		62,161		7,432		1,533		5,899		68,060		10,829
Total	$	367,735	$	36,485	$	331,250	$	46,468	$	8,042	$	38,426	$	369,676	$	49,180
	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
	(Dollars in Thousands)
As of December 31, 2013:
AUB	$	15,787	$	231	$	15,556	$	4,264	$	—	$	4,264	$	19,820	$	1,452
USB		18,504		1,427		17,077		2,865		141		2,724		19,801		889
SCB		34,637		1,483		33,154		3,461		303		3,158		36,312		3,175
FBJ		25,891		3,730		22,161		1,880		242		1,638		23,799		3,689
DBT		105,157		17,819		87,338		17,023		1,282		15,741		103,079		18,724
TBC		32,590		2,354		30,236		4,844		745		4,099		34,335		3,721
HTB		67,126		7,359		59,767		6,374		2,304		4,070		63,837		9,325
OGB		58,512		5,067		53,445		7,506		2,984		4,522		57,967		9,645
CBG		85,118		13,615		71,503		7,610		1,933		5,677		77,180		14,821
Total	$	443,322	$	53,085	$	390,237	$	55,827	$	9,934	$	45,893	$	436,130	$	65,441

36

	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
	(Dollars in Thousands)
As of June 30, 2013:
AUB	$	23,721	$	2,114	$	21,607	$	4,847	$	—	$	4,847	$	26,454	$	4,526
USB		23,298		2,552		20,746		4,127		140		3,987		24,733		5,802
SCB		38,478		2,882		35,596		4,655		306		4,349		39,945		4,603
FBJ		29,154		5,086		24,068		2,037		209		1,828		25,896		5,632
DBT		132,707		27,386		105,321		23,594		2,003		21,591		126,912		27,957
TBC		37,560		3,299		34,261		7,069		1,650		5,419		39,680		6,083
HTB		74,867		9,747		65,120		10,868		3,436		7,432		72,552		13,314
OGB		70,644		11,568		59,076		10,244		3,948		6,296		65,372		14,591
CBG		99,363		21,641		77,722		8,519		2,090		6,429		84,151		23,005
Total	$	529,792	$	86,275	$	443,517	$	75,960	$	13,782	$	62,178	$	505,695	$	105,513

On the dates of acquisition, the Company estimated the future cash flows on each individual loan and made the necessary adjustments to reflect the asset at fair value. At each quarter end subsequent to the acquisition dates, the Company revises the estimates of future cash flows based on current information and makes the necessary adjustments to carrying value. Amounts reflected in the Company’s statement of earnings are net of indemnification provided under loss share agreements with the FDIC. The adjustments are performed on a loan-by-loan basis and have resulted in the following adjustments for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013:

Total Amounts	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan)	$	5,850	$	51,003	$	39,278
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		2,965		7,695		3,950
Amounts reflected in the Company’s Statement of Operations	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan)	$	1,170	$	10,201	$	2,942
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		593		1,539		790

37

A rollforward of covered loans with deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	217,047		$	282,737		$	282,737
Charge-offs, net of recoveries		(1,364	)		35,306			(8,464	)
Additions due to acquisitions		—			—			—
Other (loan payments, transfers, etc.)		(37,053	)		(100,996	)		(24,658	)
Ending balance	$	178,630		$	217,047		$	249,615

A rollforward of covered loans without deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	173,190		$	228,602		$	228,602
Additions due to acquisitions		—			—			—
Loan payments, transfers, etc.		(20,570	)		(55,412	)		(34,404	)
Ending balance	$	152,620		$	173,190		$	194,198

The following is a summary of changes in the accretable discounts of covered loans during the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	25,493		$	16,698		$	16,698
Additions due to acquisitions		—			—			—
Accretion		(15,432	)		(42,208	)		(25,841	)
Other activity, net		5,850			51,003			39,278
Ending balance	$	15,911		$	25,493		$	30,135

The shared-loss agreements are subject to the servicing procedures as specified in the agreement with the FDIC. The expected reimbursements under the shared-loss agreements were recorded as an indemnification asset at their estimated fair values on the acquisition dates. As of June 30, 2014, the Company has recorded a clawback liability of $5.2 million, which represents the obligation of the Company to reimburse the FDIC should actual losses be less than certain thresholds established in each loss share agreement. Changes in the FDIC shared-loss receivable for the six months ended June 30, 2014, for the year ended December 31, 2013 and for the six months ended June 30, 2013 are as follows:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	65,441		$	159,724		$	159,724
Indemnification asset recorded in acquisitions		—			—			—
Payments received from FDIC		(10,576	)		(68,822	)		(45,604	)
Effect of change in expected cash flows on covered assets		(5,685	)		(25,461	)		(8,607	)
Ending balance	$	49,180		$	65,441		$	105,513

38

NOTE 6 – WEIGHTED AVERAGE SHARES OUTSTANDING

Earnings per share have been computed based on the following weighted average number of common shares outstanding:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2014		2013		2014		2013
	(Share Data in Thousands)				(Share Data in Thousands)
Basic shares outstanding		25,181		23,879		25,163		23,873
Plus: Dilutive effect of ISOs		120		346		118		346
Plus: Dilutive effect of Restricted grants		271		63		271		63
Diluted shares outstanding		25,572		24,288		25,552		24,282

For the three month periods ended June 30, 2014 and 2013, the Company has excluded 119,000 and 233,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive. For the six month periods ended June 30, 2014 and 2013, the Company has excluded 120,000 and 246,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive.

NOTE 7 – OTHER BORROWINGS

The Company has, from time to time, utilized certain borrowing arrangements with various financial institutions to fund growth in earning assets or provide additional liquidity when appropriate spreads can be realized. At June 30, 2014 and December 31, 2013, there were $100.3 million and $194.6 million, respectively, outstanding borrowings with the Company’s correspondent banks. At June 30, 2013, there were no outstanding borrowings with the Company’s correspondent banks.

Details of other borrowings, including contractual interest rates and maturity dates are included in the following table:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36%	$	40,000	$	—	$	—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.20%, due July 2, 2014		5,000		—		—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.21%, due July 16, 2014		5,000		—		—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.19%, due July 23, 2014		3,000		—		—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014		—		165,000		—
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.23% at June 30, 2014) due in August 2016, secured by subsidiary bank stock		22,500		10,000		—
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable		4,936		—		—
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at June 30, 2014)		5,000		5,000		—
Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.98% at June 30, 2014)		14,857		14,572		—
Total	$	100,293	$	194,572	$	—

39

NOTE 8 – COMMITMENTS

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets.

The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company uses the same credit policies in making commitments and conditional obligations as are used for on-balance-sheet instruments.

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.

The Company issues standby letters of credit, which are conditional commitments issued to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements and expire in decreasing amounts with varying terms. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company holds various assets as collateral supporting those commitments for which collateral is deemed necessary.

The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held may include accounts receivable, inventory, property, plant and equipment, residential real estate and income-producing commercial properties.

The Company’s commitments to extend credit and standby letters of credit are presented in the following table:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commitments to extend credit	$	285,071	$	257,195	$	193,515
Standby letters of credit	$	8,392	$	7,665	$	7,142

NOTE 9 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income for the Company consists of changes in net unrealized gains and losses on investment securities available for sale and interest rate swap derivatives. The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of June 30, 2014 and 2013:

(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2014	$	1,397		$	(1,691	)	$	(294	)
Reclassification for gains included in net income		—			(4	)		(4	)
Current year changes		(638	)		5,059			4,421
Balance, June 30, 2014	$	759		$	3,364		$	4,123
(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2013	$	(23	)	$	6,630		$	6,607
Reclassification for gains included in net income		—			(111	)		(111	)
Current year changes		1,204			(4,118	)		(2,914	)
Balance, June 30, 2013	$	1,181		$	2,401		$	3,582

40

NOTE 10 – FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair value is based on discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The accounting standard for disclosures about the fair value of financial instruments excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

The Company has elected to record mortgage loans held-for-sale at fair value in order to eliminate the complexities and inherent difficulties of achieving hedge accounting and to better align reported results with the underlying economic changes in value of the loans and related hedge instruments. This election impacts the timing and recognition of origination fees and costs, as well as servicing value, which are now recognized in earnings at the time of origination. Interest income on mortgage loans held-for-sale is recorded on an accrual basis in the consolidated statement of earnings and comprehensive income under the heading “Interest income – interest and fees on loans”. The servicing value is included in the fair value of the Interest Rate Lock Commitments (“IRLCs”) with borrowers. The mark to market adjustments related to loans held-for-sale and the associated economic hedges are captured in mortgage banking activities.

The fair value hierarchy describes three levels of inputs that may be used to measure fair value:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments:

Cash and Due From Banks, Federal Funds Sold and Interest-Bearing Accounts: The carrying amount of cash and due from banks, federal funds sold and interest-bearing accounts approximates fair value.

Investment Securities Available for Sale: The fair value of securities available for sale is determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Level 2 securities include mortgage-backed securities issued by government sponsored enterprises and municipal bonds. The Level 2 fair value pricing is provided by an independent third-party and is based upon similar securities in an active market. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include certain residual municipal securities and other less liquid securities.

Other Investments: Federal Home Loan Bank (“FHLB”) stock is included in other investments at its original cost basis. It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability.

Mortgage Loans Held for Sale: The Company records mortgage loans held for sale at fair value. The fair value of mortgage loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and is classified within Level 2 of the valuation hierarchy.

Loans: The carrying amount of variable-rate loans that reprice frequently and have no significant change in credit risk approximates fair value. The fair value of fixed-rate loans is estimated based on discounted contractual cash flows, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The fair value of impaired loans is estimated based on discounted expected future cash flows or underlying collateral values, where applicable. A loan is determined to be impaired if the Company believes it is probable that all principal and interest amounts due according to the terms of the loan will not be collected as scheduled. The fair value of impaired loans is determined in accordance with accounting standards and generally results in a specific reserve established through a charge to the provision for loan losses. Losses on impaired loans are charged to the allowance when management believes the uncollectability of a loan is confirmed. Management has determined that the majority of impaired loans are Level 3 assets due to the extensive use of market appraisals.

41

Other Real Estate Owned: The fair value of other real estate owned (“OREO”) is determined using certified appraisals that value the property at its highest and best uses by applying traditional valuation methods common to the industry. The Company does not hold any OREO for profit purposes and all other real estate is actively marketed for sale. In most cases, management has determined that additional write-downs are required beyond what is calculable from the appraisal to carry the property at levels that would attract buyers. Because this additional write-down is not based on observable inputs, management has determined that other real estate owned should be classified as Level 3.

Covered Assets: Covered assets include loans and other real estate owned on which the majority of losses would be covered by loss-sharing agreements with the Federal Deposit Insurance Corporation (the “FDIC”). Management initially valued these assets at fair value using mostly unobservable inputs and, as such, has classified these assets as Level 3.

FDIC Loss-Share Receivable: The fair value of the FDIC loss-share receivable is based on the net present value of projected future cash flows expected to be received from the FDIC under the provision of the loss-share agreements using a discount rate that is based on current market rates.

Deposits: The carrying amount of demand deposits, savings deposits and variable-rate certificates of deposit approximates fair value. The fair value of fixed-rate certificates of deposit is estimated based on discounted contractual cash flows using interest rates currently offered for certificates with similar maturities.

Securities Sold under Agreements to Repurchase and Other Borrowings: The carrying amount of variable rate borrowings and securities sold under repurchase agreements approximates fair value. The fair value of fixed rate other borrowings is estimated based on discounted contractual cash flows using the current incremental borrowing rates for similar borrowing arrangements.

Subordinated Deferrable Interest Debentures: The fair value of the Company’s variable rate trust preferred securities is based primarily upon discounted cash flows using rates for securities with similar terms and remaining maturities.

Off-Balance-Sheet Instruments: Because commitments to extend credit and standby letters of credit are typically made using variable rates and have short maturities, the carrying value and fair value are immaterial for disclosure.

Derivatives: The Company has entered into derivative financial instruments to manage interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivatives. This analysis reflects the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the derivatives is determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves derived from observable market interest rate curves).

The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting any applicable credit enhancements such as collateral postings, thresholds, mutual puts and guarantees.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself or the counterparty. However, as of June 30, 2014, December 31, 2013 and June 30, 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustment is not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuation in its entirety is classified in Level 2 of the fair value hierarchy.

42

The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows:

			Fair Value Measurements at June 30, 2014 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and due from banks	$	80,986	$	80,986	$	—	$	—	$	80,986
Federal funds sold and interest-bearing accounts	$	44,800	$	44,800	$	—	$	—	$	44,800
Loans, net	$	2,745,897	$	—	$	2,754,953	$	—	$	2,754,953
FDIC loss-share receivable	$	49,180	$	—	$	—	$	46,242	$	46,242
Financial liabilities:
Deposits		3,389,035		—		3,389,880		—		3,389,880
Securities sold under agreements to repurchase		51,109		51,109		—		—		51,109
Other borrowings		100,293		—		100,293		—		100,293
Subordinated deferrable interest debentures		64,842		—		45,864		—		45,864

			Fair Value Measurements at December 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and due from banks	$	62,955	$	62,955	$	—	$	—	$	62,995
Federal funds sold and interest-bearing accounts	$	204,984	$	204,984	$	—	$	—	$	204,984
Loans, net	$	2,392,521	$	—	$	2,404,909	$	—	$	2,404,909
FDIC loss-share receivable	$	65,441	$	—	$	—	$	61,317	$	61,317
Financial liabilities:
Deposits		2,999,231		—		3,000,061		—		3,000,061
Securities sold under agreements to repurchase		83,516		83,516		—		—		83,516
Other borrowings		194,572		—		194,572		—		194,572
Subordinated deferrable interest debentures		55,466		—		36,277		—		36,277

43

			Fair Value Measurements at June 30, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and due from banks	$	50,343	$	50,343	$	—	$	—	$	50,343
Federal funds sold and interest-bearing accounts	$	43,904	$	43,904	$	—	$	—	$	43,904
Loans, net	$	1,930,373	$	—	$	1,956,198	$	—	$	1,956,198
FDIC loss-share receivable	$	105,513	$	—	$	—	$	99,558	$	99,558
Financial liabilities:
Deposits		2,443,103		—		2,444,263		—		2,444,263
Securities sold under agreements to repurchase		19,142		19,412		—		—		19,412
Subordinated Deferrable Interest Debentures		42,269		—		23,231		—		23,231

The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of June 30, 2014, December 31, 2013 and June 30, 2013 (dollars in thousands):

	Fair Value Measurements on a Recurring Basis As of June 30, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	14,445	$	—	$	14,445	$	—
State, county and municipal securities		145,780		—		145,780		—
Corporate debt securities		10,958		—		8,958		2,000
Mortgage-backed securities		364,447		—		364,447		—
Mortgage loans held for sale		81,491		—		81,491		—
IRLCs and forward contracts		2,625		—		2,625		—
Total recurring assets at fair value	$	619,746	$	—	$	617,746	$	2,000
Derivative financial instruments	$	1,142	$	—	$	1,142	$	—
Total recurring liabilities at fair value	$	1,142	$	—	$	1,142	$	—

44

	Fair Value Measurements on a Recurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	13,926	$	—	$	13,926	$	—
State, county and municipal securities		112,754		—		112,754		—
Collateralized debt obligations		1,480		1,480		—		—
Corporate debt securities		10,325		—		8,325		2,000
Mortgage-backed securities		347,750		182,461		165,289		—
Mortgage loans held for sale		67,278		—		67,278		—
IRLCs and forward contracts		1,180		—		1,180		—
Total recurring assets at fair value	$	554,693	$	183,941	$	368,752	$	2,000
Derivative financial instruments	$	370	$	—	$	370	$	—
Total recurring liabilities at fair value	$	370	$	—	$	370	$	—
	Fair Value Measurements on a Recurring Basis As of June 30, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	14,335	$	—	$	14,335	$	—
State, county and municipal securities		112,759		2,447		110,312		—
Corporate debt securities		10,090		—		8,090		2,000
Mortgage-backed securities		178,984		—		178,984		—
Mortgage loans held for sale		62,580		—		62,580		—
IRLCs and forward contracts		1,600		—		1,600		—
Total recurring assets at fair value	$	380,348	$	2,447	$	375,901	$	2,000
Derivative financial instruments	$	916	$	—	$	916	$	—
Total recurring liabilities at fair value	$	916	$	—	$	916	$	—

The following table is a presentation of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of June 30, 2014, December 31, 2013 and June 30, 2013 (dollars in thousands):

	Fair Value Measurements on a Nonrecurring Basis As of June 30, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	35,829	$	—	$	—	$	35,829
Other real estate owned		35,373		—		—		35,373
Purchased, non-covered other real estate owned		16,598		—		—		16,598
Covered other real estate owned		38,426		—		—		38,426
Total nonrecurring assets at fair value	$	126,226	$	—	$	—	$	126,226

45

	Fair Value Measurements on a Nonrecurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	42,546	$	—	$	—	$	42,546
Other real estate owned		33,351		—		—		33,351
Purchased, non-covered other real estate owned		4,276		—		—		4,276
Covered other real estate owned		45,893		—		—		45,893
Total nonrecurring assets at fair value	$	126,066	$	—	$	—	$	126,066
	Fair Value Measurements on a Nonrecurring Basis As of June 30, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	44,754	$	—	$	—	$	44,754
Other real estate owned		39,885		—		—		39,885
Covered other real estate owned		62,178		—		—		62,178
Total nonrecurring assets at fair value	$	146,817	$	—	$	—	$	146,817

The inputs used to determine estimated fair value of impaired loans include market conditions, loan terms, underlying collateral characteristics and discount rates. The inputs used to determine fair value of other real estate owned, purchased non-covered other real estate owned and covered other real estate owned include market conditions, estimated marketing period or holding period, underlying collateral characteristics and discount rates.

For the six months ended June 30, 2014 and 2013, there was not a change in the methods and significant assumptions used to estimate fair value.

The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities.

Measurements	Fair Value at June 30, 2014		Valuation Technique	Unobservable Inputs	Range
(Dollars in Thousands)
Nonrecurring:
Impaired loans	$	35,289	Third party appraisals and discounted cash flows	Collateral discounts and discount rates	4.00% - 75.00%
Other real estate owned	$	35,373	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 74.00%
Purchased non-covered other real estate owned	$	16,598	Third party appraisals	Collateral discounts and estimated costs to sell	21.00% - 70.00%
Covered real estate owned	$	38,426	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 90.00%
Recurring:
Investment securities available for sale	$	2,000	Discounted par values	Credit quality of underlying issuer	0.00%

46

NOTE 11 – SEGMENT REPORTING

The following tables present selected financial information with respect to the Company’s reportable business segments for the three- month periods ended June 30, 2014 and 2013:

	Three Months Ended June 30, 2014						Three Months Ended June 30, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	33,925	$	1,339	$	35,264	$	28,517	$	959	$	29,476
Provision for loan losses		1,365		—		1,365		4,165		—		4,165
Noninterest income		8,817		7,002		15,819		6,383		5,001		11,384
Noninterest expense:
Salaries and employee benefits		13,005		3,937		16,942		10,478		2,903		13,381
Equipment and occupancy expenses		3,771		300		4,071		2,781		197		2,978
Data processing and telecommunications expenses		3,597		343		3,940		2,634		202		2,836
Other expenses		11,053		1,312		12,365		6,444		1,049		7,493
Total noninterest expense		31,426		5,892		37,318		22,337		4,351		26,688
Income before income tax expense		9,951		2,449		12,400		8,398		1,609		10,007
Income tax expense		3,413		857		4,270		2,766		563		3,329
Net income		6,538		1,592		8,130		5,632		1,046		6,678
Less preferred stock dividends		—		—		—		442		—		442
Net income available to common shareholders	$	6,538	$	1,592	$	8,130	$	5,190	$	1,046	$	6,236
Total assets	$	3,797,850	$	175,285	$	3,973,135	$	2,695,554	$	113,121	$	2,808,675
Stockholders’ equity		345,256		1,857		343,399		286,127		1,650		287,777

The following tables present selected financial information with respect to the Company’s reportable business segments for the six- month periods ended June 30, 2014 and 2013:

	Six Months Ended June 30, 2014						Six Months Ended June 30, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	67,309	$	2,439	$	69,748	$	56,283	$	1,531	$	57,814
Provision for loan losses		3,091		—		3,091		7,088		—		7,088
Noninterest income		16,407		12,166		28,573		13,279		9,465		22,744
Noninterest expense:
Salaries and employee benefits		26,831		7,505		34,336		21,515		5,672		27,187
Equipment and occupancy expenses		7,533		602		8,135		5,546		363		5,909
Data processing and telecommunications expenses		6,929		465		7,394		5,105		301		5,406
Other expenses		18,565		2,127		20,692		15,334		1,736		17,070
Total noninterest expense		59,858		10,699		70,557		47,500		8,072		55,572
Income before income tax expense		20,767		3,906		24,673		14,974		2,924		17,898
Income tax expense		6,826		1,367		8,193		4,912		1,023		5,935
Net income		13,941		2,539		16,480		10,062		1,901		11,963
Less preferred stock dividends		286		—		286		883		—		883
Net income available to common shareholders	$	13,655	$	2,539	$	16,194	$	9,179	$	1,901	$	11,080

47

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Cautionary Note Regarding Any Forward-Looking Statements

Certain of the statements made in this report are “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions and future performance and involve known and unknown risks, uncertainties and other factors, many of which may be beyond our control and which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “predict,” “could,” “intend,” “target,” “potential” and other similar words and expressions of the future. These forward-looking statements may not be realized due to a variety of factors, including, without limitation, legislative and regulatory initiatives; additional competition in our markets; potential business strategies, including acquisitions or dispositions of assets or internal restructuring, that may be pursued by Ameris; state and federal banking regulations; changes in or application of environmental and other laws and regulations to which Ameris is subject; political, legal and economic conditions and developments; financial market conditions and the results of financing efforts; changes in commodity prices and interest rates; weather, natural disasters and other catastrophic events; and other factors discussed in our filings with the Securities and Exchange Commission under the Exchange Act.

All written or oral forward-looking statements that are made by or are attributable to us are expressly qualified in their entirety by this cautionary notice. Our forward-looking statements apply only as of the date of this report or the respective date of the document from which they are incorporated herein by reference. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date of this report, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events or otherwise.

Overview

The following is management’s discussion and analysis of certain significant factors which have affected the financial condition and results of operations of the Company as reflected in the unaudited consolidated balance sheet as of June 30, 2014 as compared to December 31, 2013 and operating results for the three-and six-month periods ended June 30, 2014 and 2013. These comments should be read in conjunction with the Company’s unaudited consolidated financial statements and accompanying notes appearing elsewhere herein.

The following table sets forth unaudited selected financial data for the previous five quarters, which should be read in conjunction with the consolidated financial statements and the notes thereto and the information contained in this Item 2.

48

(in thousands, except share data, taxable equivalent)	Second Quarter 2014			First Quarter 2014			Fourth Quarter 2013			Third Quarter 2013			Second Quarter 2013			For Six Months Ended
																June 30, 2014			June 30, 2013
Results of Operations:
Net interest income	$	35,264		$	34,484		$	29,051		$	29,320		$	29,476		$	69,748		$	57,814
Net interest income (tax equivalent)		35,626			34,808			29,325			29,542			29,666			70,434			58,360
Provision for loan losses		1,365			1,726			1,478			2,920			4,165			3,091			7,088
Non-interest income		15,819			12,754			11,517			12,288			11,384			28,573			22,744
Non-interest expense		37,318			33,239			37,624			28,749			26,688			70,557			55,572
Income tax expense		4,270			3,923			88			3,262			3,329			8,193			5,935
Preferred stock dividends		—			286			412			443			442			286			883
Net income available to common shareholders		8,130			8,064			966			6,234			6,236			16,194			11,080
Selected Average Balances:
Mortgage loans held for sale	$	54,517		$	49,397		$	65,683		$	61,249		$	48,890		$	51,884		$	40,765
Loans, net of unearned income		1,706,564			1,639,672			1,602,942			1,564,311			1,572,544			1,673,493			1,489,902
Purchased non-covered loans		433,249			441,138			43,900			—			—			437,068			—
Covered loans		354,766			379,460			401,045			427,482			444,616			367,045			468,024
Investment securities		468,129			462,343			327,993			312,541			321,582			465,252			331,021
Earning assets		3,075,204			3,091,546			2,625,178			2,439,771			2,397,834			3,081,909			2,413,192
Assets		3,494,466			3,521,588			2,937,434			2,806,799			2,820,863			3,507,952			2,853,494
Deposits		3,010,142			2,975,305			2,552,819			2,439,150			2,448,171			2,992,821			2,479,667
Common shareholders’ equity		309,696			290,462			248,429			246,489			251,240			304,222			251,227
Period-End Balances:
Mortgage loans held for sale	$	81,491		$	51,693		$	67,278		$	69,634		$	62,580		$	81,491		$	62,580
Loans, net of unearned income		1,770,059			1,695,382			1,618,454			1,589,267			1,555,827			1,770,059			1,555,827
Purchased non-covered loans		702,131			437,269			448,753			—			—			702,131			—
Covered loans		331,250			372,694			390,237			417,649			443,517			331,250			443,517
Earning assets		3,465,361			3,062,428			3,215,941			2,462,697			2,421,996			3,465,361			2,421,996
Total assets		3,973,135			3,487,984			3,667,649			2,818,502			2,808,675			3,973,135			2,808,675
Total deposits		3,389,035			3,010,647			2,999,231			2,443,421			2,443,103			3,389,035			2,443,103
Common shareholders’ equity		343,399			300,030			288,699			262,418			259,932			343,399			259,932
Per Common Share Data:
Earnings per share - basic	$	0.32		$	0.32		$	0.04		$	0.26		$	0.26		$	0.64		$	0.46
Earnings per share - diluted		0.32			0.32			0.04			0.26			0.26			0.63			0.46
Common book value per share		12.83			11.93			11.50			10.98			10.88			12.83			10.88
End of period shares outstanding		26,771,821			25,159,073			25,098,427			23,907,509			23,894,327			26,771,821			23,894,327
Weighted average shares outstanding
Basic		25,180,665			25,144,342			24,021,447			23,900,665			23,878,898			25,162,604			23,873,325
Diluted		25,572,405			25,573,320			24,450,619			24,315,821			24,287,628			25,552,469			24,282,055
Market Price:
High closing price	$	23.90		$	24.00		$	21.42		$	19.79		$	16.94			24.00			16.94
Low closing price		19.73			19.86			17.69			17.35			13.16			19.73			12.79
Closing price for quarter		21.56			23.30			21.11			18.38			16.85			21.56			16.85
Average daily trading volume		79,038			103,279			94,636			75,545			53,403			90,963			52,669
Closing price to book value		1.68			1.95			1.84			1.67			1.55			1.68			1.55
Performance Ratios:
Return on average assets		0.93	%		0.96	%		0.19	%		0.94	%		0.95	%		0.95	%		0.85	%
Return on average common equity		10.53	%		11.66	%		2.20	%		10.75	%		10.66	%		11.32	%		9.60	%
Average loans to average deposits		84.68	%		84.35	%		82.79	%		84.17	%		82.39	%		84.52	%		80.60	%
Average equity to average assets		8.86	%		9.04	%		9.41	%		9.78	%		9.93	%		8.67	%		9.80	%
Net interest margin (tax equivalent)		4.65	%		4.57	%		4.43	%		4.80	%		4.96	%		4.61	%		4.88	%
Efficiency ratio (tax equivalent)		73.05	%		70.36	%		92.74	%		69.09	%		65.32	%		71.76	%		68.98	%

49

Results of Operations for the Three Months Ended June 30, 2014 and 2013

Consolidated Earnings and Profitability

Ameris reported net income available to common shareholders of $8.1 million, or $0.32 per diluted share, for the quarter ended June 30, 2014, compared to $6.2 million, or $0.26 per diluted share, for the same period in 2013. The Company’s return on average assets and average shareholders’ equity of 0.93% and 10.53%, respectively, in the second quarter of 2014, compared to 0.95% and 10.66%, respectively, in the second quarter of 2013. During the second quarter of 2014, the Company completed the acquisition of Coastal Bankshares, Inc. (“Coastal”) and recorded approximately $1.9 million of after-tax merger related charges. The Company’s mortgage banking activities have had a significant impact on the overall financial results of the Company. Below is a more detailed analysis of the retail banking activities and mortgage banking activities of the Company during the second quarter of 2014 and 2013, respectively:

	Retail Banking		Mortgage Banking		Total
	(in thousands)
For the three months ended June 30, 2014:
Net interest income	$	33,925	$	1,339	$	35,264
Provision for loan losses		1,365		—		1,365
Non-interest income		8,817		7,002		15,819
Non-interest expense
Salaries and employee benefits		13,005		3,937		16,942
Occupancy		3,771		300		4,071
Data processing		3,597		343		3,940
Other expenses		11,053		1,312		12,365
Total non-interest expense		31,426		5,892		37,318
Income before income taxes		9,951		2,449		12,400
Income tax expense		3,413		857		4,270
Net income		6,538		1,592		8,130
Preferred stock dividends		—		—		—
Net income available to common shareholders	$	6,538	$	1,592	$	8,130

	Retail Banking		Mortgage Banking		Total
	(in thousands)
For the three months ended June 30, 2013:
Net interest income	$	28,517	$	959	$	29,476
Provision for loan losses		4,165		—		4,165
Non-interest income		6,383		5,001		11,384
Non-interest expense
Salaries and employee benefits		10,478		2,903		13,381
Occupancy		2,781		197		2,978
Data processing		2,634		202		2,836
Other expenses		6,444		1,049		7,493
Total non-interest expense		22,337		4,351		26,688
Income before income taxes		8,398		1,609		10,007
Income tax expense		2,766		563		3,329
Net income		5,632		1,046		6,678
Preferred stock dividends		442		—		442
Net income available to common shareholders	$	5,190	$	1,046	$	6,236

50

Net Interest Income and Margins

The following tables set forth the amount of our interest income or interest expense for each category of interest-earning assets and interest-bearing liabilities and the average interest rate for total interest-earning assets and total interest-bearing liabilities, net interest spread and net interest margin on average interest-earning assets. Federally tax-exempt income is presented on a taxable-equivalent basis assuming a 35% federal tax rate.

	Quarter Ended June 30,
	2013							2012
	Average Balance		Interest Income/ Expense		Average Yield/ Rate Paid			Average Balance		Interest Income/ Expense		Average Yield/ Rate Paid
	( in Thousands)
ASSETS
Interest-earning assets:
Loans	$	2,549,096	$	35,550		5.59	%	$	2,017,160	$	29,929		5.95	%
Investment securities		474,758		3,374		2.85			328,584		2,183		2.66
Short-term assets		51,350		45		0.35			52,090		29		0.22
Total interest- earning assets		3,075,204		38,969		5.08			2,397,834		32,141		5.38
Noninterest-earning assets		419,262							423,029
Total assets	$	3,494,466						$	2,820,863
LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest-bearing liabilities:
Savings and interest-bearing demand deposits	$	1,606,928	$	1,053		0.26	%	$	1,295,408	$	834		0.26	%
Time deposits		723,156		1,152		0.64			673,709		1,249		0.74
Other borrowings		35,280		415		4.72			—		—		—
FHLB advances		28,626		26		0.36			—		—		—
Federal funds purchased and securities sold under agreements to repurchase		40,008		31		0.31			20,530		29		0.57
Subordinated deferrable interest debentures		55,789		666		4.79			42,269		363		3.44
Total interest-bearing liabilities		2,489,787		3,343		0.54			2,031,916		2,475		0.49
Demand deposits		680,058							479,054
Other liabilities		14,925							21,380
Stockholders’ equity		309,696							288,513
Total liabilities and stockholders’ equity	$	3,494,466						$	2,820,863
Interest rate spread						4.54	%						4.89	%
Net interest income			$	35,626						$	29,666
Net interest margin						4.65	%						4.96	%

On a tax equivalent basis, net interest income for the second quarter of 2014 was $35.6 million, an increase of $5.9 million compared to $29.7 million reported in the same quarter in 2013. The higher net interest income is a result of the acquisition of The Prosperity Banking Company during the fourth quarter of 2013, along with steady yields on the loan portfolio, lower levels of excess liquidity than in previous quarters and steady decreases in the Company’s cost of funds. The Company’s net interest margin increased during the second quarter of 2014 to 4.65%, compared to 4.57% during the first quarter of 2014, but decreased compared to 4.96% reported in the second quarter of 2013.

51

Total interest income, on a tax equivalent basis, during the second quarter of 2014 was $39.0 million compared to $32.1 million in the same quarter of 2013. Yields on earning assets fell slightly to 5.08%, compared to 5.38% reported in the second quarter of 2013. During the second quarter of 2014, loans comprised 82.9% of earning assets, compared to 84.1% in the same quarter of 2013. Increased lending activities have provided opportunities to grow the legacy loan portfolio. Yields on legacy loans decreased to 5.17% in the second quarter of 2014, compared to 5.37% in the same period of 2013. Covered loan yields declined from 8.18% in the second quarter of 2013 to 5.84% in the second quarter of 2014. The yield on purchased non-covered loans was 7.34% for the second quarter of 2014. Management anticipates improving economic conditions and increased loan demand will provide consistent interest income.

Total funding costs increased slightly to 0.42% in the second quarter of 2014, compared to 0.40% during the second quarter of 2013. Deposit costs decreased from 0.34% in the second quarter of 2013 to 0.29% in the second quarter of 2014, while non- deposit funding costs increased from 2.50% in the second quarter of 2013 to 2.86% in the second quarter of 2014. Continued shifts in the funding mix toward noninterest-bearing demand and other lower cost deposit categories were the primary reason for the decline in deposit costs. Ongoing efforts to maintain the percentage of funding from transaction deposits have succeeded such that non-CD deposits averaged 76.0% of total deposits in the second quarter of 2014, compared to 72.5% during the second quarter of 2013. Lower costs on deposits were realized due mostly to the lower rate environment and the Company’s ability to rely less on higher priced CDs due to its larger than normal position in short-term assets. Further opportunity to realize savings on deposits exists but may be limited due to current costs. Average balances of interest bearing deposits and their respective costs for the second quarter of 2014 and 2013 are shown below:

	June 30, 2014					June 30, 2013
(Dollars in Thousands)	Average Balance		Average Cost			Average Balance		Average Cost
NOW	$	691,353		0.17	%	$	579,312		0.17	%
MMDA		770,047		0.38	%		611,562		0.36	%
Savings		145,528		0.11	%		104,534		0.11	%
Retail CDs < $100,000		356,483		0.54	%		298,553		0.59	%
Retail CDs > $100,000		360,703		0.70	%		358,980		0.75	%
Brokered CDs		5,970		3.22	%		16,176		3.40	%
Interest-bearing deposits	$	2,330,084		0.38	%	$	1,969,117		0.42	%

Provision for Loan Losses and Credit Quality

The Company’s provision for loan losses during the second quarter of 2014 amounted to $1.4 million, compared to $1.7 million in the first quarter of 2014 and $4.2 million in the second quarter of 2013. Although the Company has experienced improving trends in criticized and classified assets for several quarters, provision for loan losses continues to be required to account for loan growth and continued devaluation of real estate collateral. At June 30, 2014, classified loans still accruing totaled $42.6 million, compared to $26.3 million at June 30, 2013. This increase is predominately due to the addition of classified loans in the Prosperity Bank and Coastal Bank acquisitions. Non-accrual loans, excluding purchased non-covered and covered loans, totaled $22.1 million at June 30, 2014, a 30.5% decrease from $31.8 million reported at the end of the second quarter of 2013. Nonaccrual purchased non-covered loans totaled $15.8 million at June 30, 2014. There were no nonaccrual purchased non-covered loans at the end of the second quarter of 2013.

At June 30, 2014, other real estate owned (excluding purchased non-covered and covered OREO) totaled $35.4 million, compared to $33.8 million at March 31, 2014 and $39.9 million at June 30, 2013. Management regularly assesses the valuation of OREO through periodic reappraisal and through inquiries received in the marketing process. The Company has found that with a marketing window of three to six months, the liquidation of properties occurs between 85% and 100% of current book value. Certain properties, mostly raw land and subdivision lots, have extended marketing periods because of excessive inventory and record low home building activity. At the end of the second quarter of 2014, total non-performing assets were 2.26% of total assets, compared to 2.00% at December 31, 2013 and 2.55% at June 30, 2013. This increase is due to the Prosperity and Coastal acquisitions completed in the fourth quarter of 2013 and second quarter of 2014, respectively. Management continues to aggressively identify and resolve problem assets while seeking quality credits to grow the loan portfolio.

52

Net charge-offs on loans during the second quarter of 2014 were $1.5 million, or 0.34% of loans on an annualized basis, compared to $2.9 million, or 0.74% of loans, in the second quarter of 2013. The Company’s allowance for loan losses at June 30, 2014 was $22.3 million, or 1.26% of loans (excluding purchased non-covered and covered loans), compared to $24.2 million, or 1.56% of loans (excluding purchased non-covered and covered loans), at June 30, 201.

Noninterest Income

Total non-interest income for the second quarter of 2014 was $15.8 million, compared to $11.4 million in the second quarter of 2013. Income from mortgage related activities continued to increase as a result of the Company’s increased number of mortgage bankers and higher levels of production. Service charges on deposit accounts in the second quarter of 2014 increased to $5.8 million, compared to $4.7 million in the second quarter of 2013. This increase was driven by the growth of core accounts through the acquisition of Prosperity Bank during the fourth quarter of 2013, along with higher balances in accounts subject to service charges.

Noninterest Expense

Total non-interest expenses for the second quarter of 2014 increased to $37.3 million, compared to $26.7 million in the same quarter in 2013. During the second quarter of 2014, the Company recorded $2.9 million of merger charges related to the Coastal acquisition. Other increases in noninterest expenses were primarily the result of the acquisition of Prosperity Bank during the fourth quarter of 2013 and additional expenses related to increases in mortgage volume. Salaries and benefits increased $3.6 million when compared to the second quarter of 2013. Occupancy and equipment expense increased during the quarter from $3.0 million in the second quarter of 2013 to $4.1 million in the second quarter of 2014. Data processing and telecommunications expenses increased to $3.9 million for the second quarter of 2014 from $2.8 million for the same period in 2013. Credit resolution related expenses, including problem loan and OREO expense and OREO write-downs and losses, increased to $2.8 million in the second quarter of 2014, compared to $2.3 million in the second quarter of 2013.

Income Taxes

Income tax expense is influenced by the amount of taxable income, the amount of tax-exempt income and the amount of non-deductible expenses. For the second quarter of 2014, the Company reported income tax expense of $4.3 million, compared to $3.3 million in the same period of 2013. The Company’s effective tax rate for the three months ending June 30, 2014 and 2013 was 34.4% and 33.3%, respectively.

53

Results of Operations for the Six Months Ended June 30, 2014 and 2013

Ameris reported net income available to common shareholders of $16.2 million, or $0.63 per diluted share, for the six months ended June 30, 2014, compared to $11.1 million, or $0.46 per diluted share, for the same period in 2013. The Company’s mortgage banking activities have had a significant impact on the overall financial results of the Company. Below is a more detailed analysis of the retail banking activities and mortgage banking activities of the Company during the first six months of 2014 and 2013, respectively:

	Retail Banking		Mortgage Banking		Total
			(in thousands)
For the six months ended June 30, 2014:
Net interest income	$	67,309	$	2,439	$	69,748
Provision for loan losses		3,091		—		3,091
Non-interest income		16,407		12,166		28,573
Non-interest expense
Salaries and employee benefits		26,831		7,505		34,336
Occupancy		7,533		602		8,135
Data processing		6,929		465		7,394
Other expenses		18,565		2,127		20,692
Total non-interest expense		59,858		10,699		70,557
Income before income taxes		20,767		3,906		24,673
Income tax expense		6,826		1,367		8,193
Net income		13,941		2,539		16,480
Preferred stock dividends		286		—		286
Net income available to common shareholders	$	13,655	$	2,539	$	16,194

	Retail Banking		Mortgage Banking		Total
			(in thousands)
For the six months ended June 30, 2013:
Net interest income	$	56,283	$	1,531	$	57,814
Provision for loan losses		7,088		—		7,088
Non-interest income		13,279		9,465		22,744
Non-interest expense
Salaries and employee benefits		21,515		5,672		27,187
Occupancy		5,546		363		5,909
Data processing		5,105		301		5,406
Other expenses		15,334		1,736		17,070
Total non-interest expense		47,500		8,072		55,572
Income before income taxes		14,974		2,924		17,898
Income tax expense		4,912		1,023		5,935
Net income		10,062		1,901		11,963
Preferred stock dividends		883		—		883
Net income available to common shareholders	$	9,179	$	1,901	$	11,080

Interest Income

Interest income, on a tax equivalent basis, for the six months ended June 30, 2014 was $77.2 million, an increase of $14.6 million when compared to $62.6 million for the same period in 2013. Average earning assets for the six-month period increased $668.7 million to $3.08 billion as of June 30, 2014, compared to $2.41 billion as of June 30, 2013. The increase in average earning assets is due to the Prosperity acquisition completed in December 2013. Yield on average earning assets was 5.05% for the six months ended June 30, 2014, compared to 5.23% in the first six months of 2013.

Interest Expense

Total interest expense for the six months ended June 30, 2014 amounted to $6.7 million, reflecting a $1.7 million increase from the $5.0 million expense recorded in the same period of 2013. During the six-month period ended June 30, 2014, the Company’s funding costs increased slightly to 0.43% from 0.40% reported in 2013. Deposit costs decreased to 0.30% during the six month period ended June 30, 2014, compared to 0.35% during the same period in 2013. Total non-deposit funding costs increased from 2.14% during the first six months of 2013 to 2.56% during the first six months of 2014.

54

Net Interest Income

The following tables set forth the amount of our interest income or interest expense for each category of interest-earning assets and interest-bearing liabilities and the average interest rate for total interest-earning assets and total interest-bearing liabilities, net interest spread and net interest margin on average interest-earning assets. Federally tax-exempt income is presented on a taxable-equivalent basis assuming a 35% federal tax rate.

	Six Months Ended June 30,
	2013							2012
	Average Balance		Interest Income/ Expense		Average Yield/ Rate Paid			Average Balance		Interest Income/ Expense		Average Yield/ Rate Paid
	( in Thousands)
ASSETS
Interest-earning assets:
Loans	$	2,529,490	$	70,226		5.60	%	$	1,998,691	$	58,097		5.86	%
Investment securities		473,296		6,811		2.90			337,866		4,386		2.62
Short-term assets		79,123		129		0.33			76,635		114		0.30
Total interest- earning assets		3,081,909		77,166		5.05			2,413,192		62,597		5.23
Noninterest-earning assets		426,043							440,302
Total assets	$	3,507,952						$	2,853,494
LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest-bearing liabilities:
Savings and interest-bearing demand deposits	$	1,587,303	$	2,059		0.26	%	$	1,311,880	$	1,687		0.26	%
Time deposits		732,205		2,329		0.64			687,387		2,622		0.77
Other borrowings		32,657		823		5.08			—		—		—
FHLB advances		48,370		63		0.26			—		—		—
Federal funds purchased and securities sold under agreements to repurchase		48,513		84		0.35			23,842		68		0.58
Subordinated deferrable interest debentures		55,442		1,374		5.00			42,269		633		3.02
Total interest-bearing liabilities		2,504,490		6,732		0.54			2,065,378		5,010		0.49
Demand deposits		673,313							480,400
Other liabilities		14,511							21,715
Stockholders’ equity		315,638							286,001
Total liabilities and stockholders’ equity	$	3,507,952						$	2,853,494
Interest rate spread						4.51	%						4.74	%
Net interest income			$	70,434						$	57,587
Net interest margin						4.61	%						4.81	%

For the year-to-date period ending June 30, 2014, the Company reported $70.4 million of net interest income on a tax equivalent basis, compared to $57.6 million of net interest income for the same period in 2013. The average balance of earning assets increased 27.7%, from $2.4 billion during the first six months of 2013 to $3.1 billion during the first six months of 2014. The Company’s net interest margin decreased to 4.61% in the six month period ending June 30, 2014, compared to 4.88% in the same period in 2013.

55

Provision for Loan Losses

The provision for loan losses decreased to $3.1 million for the six months ended June 30, 2014, compared to $7.1 million in the same period in 2013. Non-performing assets (excluding covered assets) totaled $89.9 million at June 30, 2014, compared to $71.7 million at June 30, 2013. For the six-month period ended June 30, 2014, the Company had net charge-offs totaling $2.6 million, compared to $5.7 million for the same period in 2013. Annualized net charge-offs as a percentage of loans (excluding purchased non-covered and covered loans) decreased to 0.30% during the first six months of 2014, compared to 0.74% during the first six months of 2013.

Noninterest Income

Non-interest income for the first six months of 2014 was $28.6 million, compared to $22.7 million in the same period in 2013. Service charges on deposit accounts increased approximately $1.9 million to $11.4 million in the first six months of 2014, compared to $9.5 million in the same period in 2013. This increase was driven by the growth of core accounts through the acquisition of Prosperity Bank during the fourth quarter of 2013, along with higher balances in accounts subject to service charges. Income from mortgage banking activity increased from $9.5 million in the first six months of 2013 to $12.0 million in the first half of 2014, due to an increased number of mortgage bankers and higher levels of production.

Noninterest Expense

Total operating expenses for the first six months of 2014 increased to $70.6 million, compared to $55.6 million in the same period in 2013. During the second quarter of 2014, the Company recorded $2.9 million of merger charges related to the Coastal acquisition. Other increases in noninterest expenses were primarily the result of the acquisition of Prosperity Bank during the fourth quarter of 2013 and additional expenses related to increases in mortgage volume. Salaries and benefits increased $7.1 million when compared to the first half of 2013. Occupancy and equipment expenses for the first six months of 2014 amounted to $8.1 million, representing an increase of $2.2 million from the same period in 2013. Data processing and telecommunications expenses increased from $5.4 million in the first six months of 2013 to $7.4 million in the first six months of 2014. Credit resolution related expenses, including problem loan and OREO expense and OREO write-downs and losses, decreased to $5.0 million in the first six months of 2014, compared to $7.2 million in the first half of 2013.

Income Taxes

In the first six months of 2014, the Company recorded income tax expense of $8.2 million, compared to $5.9 million in the same period of 2013. The Company’s effective tax rate for the six months ended June 30, 2014 and 2013 was 33.2%.

Financial Condition as of June 30, 2014

Securities

Debt securities with readily determinable fair values are classified as available for sale and recorded at fair value with unrealized gains and losses excluded from earnings and reported in accumulated other comprehensive income, net of the related deferred tax effect. Equity securities, including restricted equity securities, are classified as other investments and are recorded at cost.

The amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the life of the securities. Realized gains and losses, determined on the basis of the cost of specific securities sold, are included in earnings on the settlement date. Declines in the fair value of securities below their cost that are deemed to be other-than-temporary are reflected in earnings as realized losses.

In determining whether other-than-temporary impairment losses exist, management considers: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.

Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic or market concerns warrant such evaluation. Substantially all of the unrealized losses on debt securities are related to changes in interest rates and do not affect the expected cash flows of the issuer or underlying collateral. All unrealized losses are considered temporary because each security carries an acceptable investment grade and the Company does not intend to sell these investment securities at an unrealized loss position at June 30, 2014, and it is more likely than not that the Company will not be required to sell these securities prior to recovery or maturity. Therefore, at June 30, 2014, these investments are not considered impaired on an other-than temporary basis.

56

The following table illustrates certain information regarding the Company’s investment portfolio with respect to yields, sensitivities and expected cash flows over the next twelve months assuming constant prepayments and maturities:

	Book Value		Fair Value		Yield			Modified Duration		Estimated Cash Flows 12 months
	Dollars in Thousands
June 30, 2014:
U.S. government agencies	$	14,950	$	14,445		1.85	%		5.34	$	—
State and municipal securities		143,507		145,780		4.14	%		6.49		5,272
Corporate debt securities		10,805		10,958		6.40	%		7.44		1,250
Mortgage-backed securities		361,194		364,447		2.43	%		3.86		62,447
Total debt securities	$	530,456	$	535,630		2.96	%		4.69	$	68,969
June 30, 2013:
U.S. government agencies	$	14,944	$	14,335		1.85	%		6.13	$	—
State and municipal securities		109,793		112,759		3.69	%		5.55		7,599
Corporate debt securities		10,543		10,090		6.63	%		7.13		—
Mortgage-backed securities		177,196		178,984		2.49	%		3.61		35,741
Total debt securities	$	312,476	$	316,168		3.03	%		4.53	$	43,340

Loans and Allowance for Loan Losses

At June 30, 2014, gross loans outstanding (including mortgage loans held for sale and purchased non-covered and covered loans) were $2.88 billion, an increase from $2.52 billion reported at December 31, 2013 and $2.06 billion reported at June 30, 2013. Mortgage loans held for sale increased from $67.3 million at December 31, 2013 to $81.5 million at June 30, 2014. Legacy loans (excluding purchased non-covered and covered loans) increased $151.6 million, from $1.62 billion at December 31, 2013 to $1.77 billion at June 30, 2014. Purchased non-covered loans increased $253.4 million, from $448.8 million at December 31, 2013 to $702.1 million at June 30, 2014. Covered loans decreased $58.9 million, from $390.2 million at December 31, 2013 to $331.3 million at June 30, 2014.

The Company regularly monitors the composition of the loan portfolio to evaluate the adequacy of the allowance for loan losses in light of the impact that changes in the economic environment may have on the loan portfolio. The Company focuses on the following loan categories: (1) commercial, financial and agricultural; (2) residential real estate; (3) commercial and farmland real estate; (4) construction and development related real estate; and (5) consumer. The Company’s management has strategically located its branches in select markets in south and southeast Georgia, north Florida, southeast Alabama and throughout South Carolina to take advantage of the growth in these areas.

The Company’s risk management processes include a loan review program designed to evaluate the credit risk in the loan portfolio and ensure credit grade accuracy. Through the loan review process, the Company conducts (1) a loan portfolio summary analysis, (2) charge-off and recovery analysis, (3) trends in accruing problem loan analysis, and (4) problem and past due loan analysis. This analysis process serves as a tool to assist management in assessing the overall quality of the loan portfolio and the adequacy of the allowance for loan losses. Loans classified as “substandard” are loans which are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. These assets exhibit a well-defined weakness or are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. These weaknesses may be characterized by past due performance, operating losses and/or questionable collateral values. Loans classified as “doubtful” are those loans that have characteristics similar to substandard loans but have an increased risk of loss. Loans classified as “loss” are those loans which are considered uncollectible and are in the process of being charged-off.

The allowance for loan losses is a reserve established through charges to earnings in the form of a provision for loan losses. The provision for loan losses is based on management’s evaluation of the size and composition of the loan portfolio, the level of non-performing and past due loans, historical trends of charged-off loans and recoveries, prevailing economic conditions and other factors management deems appropriate. The Company’s management has established an allowance for loan losses which it believes is adequate for the probable incurred losses in the loan portfolio. Based on a credit evaluation of the loan portfolio, management presents a monthly review of the allowance for loan losses to the Company’s Board of Directors. The review that management has developed primarily focuses on risk by evaluating individual loans in certain risk categories. These categories have also been established by management and take the form of loan grades. By grading the loan portfolio in this manner the Company’s management is able to effectively evaluate the portfolio by risk, which management believes is the most effective way to analyze the loan portfolio and thus analyze the adequacy of the allowance for loan losses.

57

The allowance for loan losses is established by examining (1) the large classified loans, nonaccrual loans and loans considered impaired and evaluating them individually to determine the specific reserve allocation, and (2) the remainder of the loan portfolio to allocate a portion of the allowance based on past loss experience and the economic conditions for the particular loan category. The Company also considers other factors such as changes in lending policies and procedures; changes in national, regional, and/or local economic and business conditions; changes in the nature and volume of the loan portfolio; changes in the experience, ability and depth of either the bank president or lending staff; changes in the volume and severity of past due and classified loans; changes in the quality of the Company’s corporate loan review system; and other factors management deems appropriate.

For the six-month period ended June 30, 2014, the Company recorded net charge-offs totaling $2.6 million, compared to $5.7 million for the period ended June 30, 2013. The provision for loan losses for the six months ended June 30, 2014 decreased to $3.1 million, compared to $7.1 million during the six-month period ended June 30, 2013. At the end of the second quarter of 2014, the allowance for loan losses totaled $22.3 million, or 1.26% of total legacy loans, compared to $22.4 million, or 1.38% of total legacy loans, at December 31, 2013 and $24.2 million, or 1.56% of total legacy loans, at June 30, 2013. The decrease in the allowance for loan losses as a percentage of non-covered loans reflects the improving credit quality trends in the loan portfolio.

The following table presents an analysis of the allowance for loan losses for the six months ended June 30, 2014 and 2013:

(Dollars in Thousands)	June 30, 2014			June 30, 2013
Balance of allowance for loan losses at beginning of period	$	22,377		$	23,593
Provision charged to operating expense		2,498			6,298
Charge-offs:
Commercial, financial and agricultural		908			734
Real estate – residential		933			2,107
Real estate – commercial and farmland		1,302			1,793
Real estate – construction and development		222			1,231
Consumer installment		214			371
Other		—			—
Total charge-offs		3,579			6,236
Recoveries:
Commercial, financial and agricultural		183			128
Real estate – residential		131			229
Real estate – commercial and farmland		152			13
Real estate – construction and development		204			4
Consumer installment		288			188
Other		—			—
Total recoveries		958			562
Net charge-offs		2,621			5,674
Balance of allowance for loan losses at end of period	$	22,254		$	24,217
Net annualized charge-offs as a percentage of average loans		0.30	%		0.74	%
Allowance for loan losses as a percentage of loans at end of period		1.26	%		1.56	%

Assets Covered by Loss-Sharing Agreements with the FDIC

Loans that were acquired in FDIC-assisted transactions that are covered by the loss-sharing agreements with the FDIC (“covered loans”) totaled $331.3 million, $390.2 million and $443.5 million at June 30, 2014, December 31, 2013 and June 30, 2013, respectively. OREO that is covered by the loss-sharing agreements with the FDIC totaled $38.4 million, $45.9 million and $62.2 million at June 30, 2014, December 31, 2013 and June 30, 2013, respectively. The loss-sharing agreements are subject to the servicing procedures as specified in the agreements with the FDIC. The expected reimbursements under the loss-sharing agreements were recorded as an indemnification asset at their estimated fair value on the acquisition dates. The FDIC loss-share receivable reported at June 30, 2014, December 31, 2013 and June 30, 2013 was $49.2 million, $65.4 million and $105.5 million, respectively.

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The Bank initially recorded the loans at their fair values, taking into consideration certain credit quality, risk and liquidity marks. The Company believes its estimation of credit risk and its adjustments to the carrying balances of the acquired loans is adequate. If the Company determines that a loan or group of loans has deteriorated from its initial assessment of fair value, a reserve for loan losses will be established to account for that difference. During the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013, the Company recorded provision for loan loss expense of $593,000, $1.5 million and $790,000, respectively, to account for losses where the initial estimate of cash flows was found to be excessive on loans acquired in FDIC-assisted transactions. If the Company determines that a loan or group of loans has improved from its initial assessment of fair value, then the increase in cash flows over those expected at the acquisition date is recognized as interest income prospectively, with an associated write off of the remaining indemnification asset over the shorter of the life of the loan or the loss share agreement.

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	25,209	$	26,550	$	27,371
Real estate – construction and development		31,600		43,179		52,972
Real estate – commercial and farmland		188,643		224,451		255,102
Real estate – residential		85,518		95,173		107,107
Consumer installment		280		884		965
	$	331,250	$	390,237	$	443,517

Non-Performing Assets

Non-performing assets include nonaccrual loans, accruing loans contractually past due 90 days or more, repossessed personal property and other real estate owned. Loans are placed on nonaccrual status when management has concerns relating to the ability to collect the principal and interest and generally when such loans are 90 days or more past due. Management performs a detailed review and valuation assessment of impaired loans on a quarterly basis and recognizes losses when permanent impairment is identified. A loan is considered impaired when it is probable that not all principal and interest amounts will be collected according to the loan contract. When a loan is placed on nonaccrual status, any interest previously accrued but not collected is reversed against current income.

As of June 30, 2014, nonaccrual loans (excluding purchased non-covered and covered loans) totaled $22.1 million, a decrease of approximately $7.1 million since December 31, 2013. The decrease in nonaccrual loans is due to the success in the foreclosure and resolution process and a significant slowdown in the formation of new problem credits. Nonaccrual purchased non-covered loans totaled $15.8 million, an increase of approximately $9.1 million since December 31, 2013 due to the Coastal acquisition. Total non-performing assets as a percentage of total assets were 2.26%, 2.00% and 2.55% at June 30, 2014, December 31, 2013 and June 30, 2013, respectively.

Non-performing assets at June 30, 2014, December 31, 2013 and June 30, 2013 were as follows:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Total nonaccrual loans (excluding purchased non-covered and covered loans)	$	22,111	$	29,203	$	31,811
Nonaccrual purchased non-covered loans		15,770		6,659		—
Accruing loans delinquent 90 days or more		—		—		—
Foreclosed assets (excluding purchased assets)		35,373		33,351		39,885
Purchased, non-covered other real estate owned		16,598		4,276		—
Total non-performing assets	$	89,852	$	73,489	$	71,696

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Commercial Lending Practices

On December 12, 2006, the Federal Bank Regulatory Agencies released guidance on Concentration in Commercial Real Estate Lending. This guidance defines commercial real estate (“CRE”) loans as loans secured by raw land, land development and construction (including 1-4 family residential construction), multi-family property and non-farm nonresidential property where the primary or a significant source of repayment is derived from rental income associated with the property, excluding owner occupied properties (loans for which 50% or more of the source of repayment is derived from the ongoing operations and activities conducted by the party, or affiliate of the party, who owns the property) or the proceeds of the sale, refinancing or permanent financing of the property. Loans for owner occupied CRE are generally excluded from the CRE guidance.

The CRE guidance is applicable when either:

(1) total loans for construction, land development, and other land, net of owner occupied loans, represent 100% or more of a bank’s total risk-based capital; or

(2) total loans secured by multifamily and nonfarm nonresidential properties and loans for construction, land development, and other land, net of owner occupied loans, represent 300% or more of a bank’s total risk-based capital.

Banks that are subject to the CRE guidance criteria are required to implement enhanced strategic planning, CRE underwriting policies, risk management and internal controls, portfolio stress testing, risk exposure limits, and other policies, including management compensation and incentives, to address the CRE risks. Higher allowances for loan losses and capital levels may also be appropriate.

As of June 30, 2014, the Company exhibited a concentration in the CRE loan category based on Federal Reserve Call codes. The primary risks of CRE lending are:

(1) within CRE loans, construction and development loans are somewhat dependent upon continued strength in demand for residential real estate, which is reliant on favorable real estate mortgage rates and changing population demographics;

(2) on average, CRE loan sizes are generally larger than non-CRE loan types; and

(3) certain construction and development loans may be less predictable and more difficult to evaluate and monitor.

The following table outlines CRE loan categories and CRE loans as a percentage of total loans as of June 30, 2014 and December 31, 2013. The loan categories and concentrations below are based on Federal Reserve Call codes and include purchased on-covered and covered loans:

	June 30, 2014					December 31, 2013
(Dollars in Thousands)	Balance		% of Total Loans			Balance		% of Total Loans
Construction and development loans	$	245,030		9	%	$	220,726		9	%
Multi-family loans		73,412		3	%		67,607		3	%
Nonfarm non-residential loans		1,276,979		45	%		1,145,065		46	%
Total CRE Loans		1,595,421		57	%		1,433,398		58	%
All other loan types		1,208,019		43	%		1,024,046		42	%
Total Loans	$	2,803,440		100	%	$	2,457,444		100	%

The following table outlines the percentage of total CRE loans, net owner occupied loans to total risk-based capital, and the Company’s internal concentration limits as of June 30, 2014 and December 31, 2013:

	Internal Limit			June 30, 2014			December 31, 2013
				Actual			Actual
Construction and development		100	%		71	%		70	%
Commercial real estate		300	%		241	%		232	%

Short-Term Investments

The Company’s short-term investments are comprised of federal funds sold and interest-bearing balances. At June 30, 2014, the Company’s short-term investments were $44.8 million, compared to $205.0 million and $43.9 million at December 31, 2013 and June 30, 2013, respectively. The decrease in short-term investments during the first six months of 2014 is mostly due to the Company’s repayment of other borrowings that were recorded in the Prosperity acquisition. At June 30, 2014, $44.3 million of the balance was comprised of interest-bearing balances, the majority of which were at the Federal Reserve Bank of Atlanta.

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Derivative Instruments and Hedging Activities

The Company had a cash flow hedge that matures September 15, 2020 with a notional amount of $37.1 million at June 30, 2014, December 31, 2013 and June 30, 2013 for the purpose of converting the variable rate on the junior subordinated debentures to a fixed rate of 4.11%. The fair value of these instruments amounted to a liability of approximately $1.1 million, $370,000 and $916,000 at June 30, 2014, December 31, 2013 and June 30, 2013, respectively. The Company also had forward contracts and IRLCs to hedge changes in the value of the mortgage inventory due to changes in market interest rates. The fair value of these instruments amounted to an asset with a fair value of approximately $2.6 million, $1.2 million and $1.6 million at June 30, 2014, December 31, 2013 and June 30, 2013, respectively, No hedge ineffectiveness from cash flow hedges was recognized in the statement of earnings. All components of each derivative’s gain or loss are included in the assessment of hedge effectiveness.

Capital

Capital management consists of providing equity to support both current and anticipated future operations. The Company is subject to capital adequacy requirements imposed by the Federal Reserve Board (the “FRB”) and the Georgia Department of Banking and Finance (the “GDBF”), and the Bank is subject to capital adequacy requirements imposed by the FDIC and the GDBF.

The FRB, the FDIC and the GDBF have adopted risk-based capital requirements for assessing bank holding company and bank capital adequacy. These standards define and establish minimum capital requirements in relation to assets and off-balance sheet exposure, adjusted for credit risk. The risk-based capital standards currently in effect are designed to make regulatory capital requirements more sensitive to differences in risk profiles among bank holding companies and banks and to account for off-balance sheet exposure. The regulatory capital standards are defined by the following three key measurements:

a) The “Leverage Ratio” is defined as Tier 1 capital to average assets. To be considered “adequately capitalized” under this measurement, a bank must maintain a leverage ratio greater than or equal to 4.00%. For a bank to be considered “well capitalized”, it must maintain a leverage ratio greater than or equal to 5.00%.

b) The “Core Capital Ratio” is defined as Tier 1 capital to total risk weighted assets. To be considered “adequately capitalized” under this measurement, a bank must maintain a core capital ratio greater than or equal to 4.00%. For a bank to be considered “well capitalized”, it must maintain a core capital ratio greater than or equal to 6.00%.

c) The “Total Capital Ratio” is defined as total capital to total risk weighted assets. To be considered “adequately capitalized” under this measurement, a bank must maintain a total capital ratio greater than or equal to 8.00%. For a bank to be considered “well capitalized”, it must maintain a total capital ratio greater than or equal to 10.00%.

As of June 30, 2014, under the regulatory capital standards, the Bank was considered “well capitalized” under all capital measurements. On July 2, 2013, the FRB adopted a new regulatory capital framework as a part of the Basel III regulatory capital reforms. Management currently believes that Ameris will be in compliance with the revised capital requirements when they become applicable to the Company on January 1, 2015. The following table sets forth the regulatory capital ratios of Ameris at June 30, 2014, December 31, 2013 and June 30, 2013:

	June 30, 2014			December 31, 2013			June 30, 2013
Leverage Ratio (tier 1 capital to average assets)
Consolidated		9.25	%		11.33	%		11.43	%
Ameris Bank		9.77			11.93			11.32
Core Capital Ratio (tier 1 capital to risk weighted assets)
Consolidated		13.32			14.35			18.04
Ameris Bank		14.11			15.06			17.91
Total Capital Ratio (total capital to risk weighted assets)
Consolidated		14.26			15.32			19.30
Ameris Bank		15.04			16.03			19.16

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Capital Purchase Program

On November 21, 2008, the Company, pursuant to the Capital Purchase Program established in connection with the Troubled Asset Relief Program, issued and sold to the U.S. Treasury, for an aggregate cash purchase price of $52 million, (i) 52,000 shares (the “Preferred Shares”) of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A, having a liquidation preference of $1,000 per share, and (ii) a ten-year warrant (the “Warrant”) to purchase up to 679,443 shares of our common stock at an exercise price of $11.48 per share. On June 14, 2012, the Preferred Shares were sold by the Treasury through a registered public offering. On August 22, 2012, the Company repurchased the Warrant from the Treasury for $2.67 million. In December 2012, the Company repurchased 24,000 outstanding Preferred Shares, and in March 2014, the Company redeemed the remaining 28,000 outstanding Preferred Shares.

Interest Rate Sensitivity and Liquidity

The Company’s primary market risk exposures are credit risk, interest rate risk, and to a lesser degree, liquidity risk. The Bank operates under an Asset Liability Management Policy approved by the Company’s Board of Directors and the Asset and Liability Committee (the “ALCO Committee”). The policy outlines limits on interest rate risk in terms of changes in net interest income and changes in the net market values of assets and liabilities over certain changes in interest rate environments. These measurements are made through a simulation model which projects the impact of changes in interest rates on the Bank’s assets and liabilities. The policy also outlines responsibility for monitoring interest rate risk, and the process for the approval, implementation and monitoring of interest rate risk strategies to achieve the Bank’s interest rate risk objectives.

The ALCO Committee is comprised of senior officers of Ameris and two outside members of the Company’s Board of Directors. The ALCO Committee makes all strategic decisions with respect to the sources and uses of funds that may affect net interest income, including net interest spread and net interest margin. The objective of the ALCO Committee is to identify the interest rate, liquidity and market value risks of the Company’s balance sheet and use reasonable methods approved by the Company’s Board of Directors and executive management to minimize those identified risks.

The normal course of business activity exposes the Company to interest rate risk. Interest rate risk is managed within an overall asset and liability framework for the Company. The principal objectives of asset and liability management are to predict the sensitivity of net interest spreads to potential changes in interest rates, control risk and enhance profitability. Funding positions are kept within predetermined limits designed to properly manage risk and liquidity. The Company employs sensitivity analysis in the form of a net interest income simulation to help characterize the market risk arising from changes in interest rates. In addition, fluctuations in interest rates usually result in changes in the fair market value of the Company’s financial instruments, cash flows and net interest income. The Company’s interest rate risk position is managed by the ALCO Committee.

The Company uses a simulation modeling process to measure interest rate risk and evaluate potential strategies. Interest rate scenario models are prepared using software created and licensed from an outside vendor. The Company’s simulation includes all financial assets and liabilities. Simulation results quantify interest rate risk under various interest rate scenarios. Management then develops and implements appropriate strategies. The ALCO Committee has determined that an acceptable level of interest rate risk would be for net interest income to decrease no more than 5.00% given a change in selected interest rates of 200 basis points over any 24-month period.

Liquidity management involves the matching of the cash flow requirements of customers, who may be either depositors desiring to withdraw funds or borrowers needing assurance that sufficient funds will be available to meet their credit needs, and the ability of the Company to manage those requirements. The Company strives to maintain an adequate liquidity position by managing the balances and maturities of interest-earning assets and interest-bearing liabilities so that the balance it has in short-term investments at any given time will adequately cover any reasonably anticipated immediate need for funds. Additionally, the Bank maintains relationships with correspondent banks, which could provide funds on short notice, if needed. The Company has invested in FHLB stock for the purpose of establishing credit lines with the FHLB. The credit availability to the Bank is equal to 20% of the Bank’s total assets as reported on the most recent quarterly financial information submitted to the regulators subject to the pledging of sufficient collateral. At June 30, 2014 and December 31, 2013, there were $100.3 million and $194.6 million, respectively, outstanding borrowings with the Company’s correspondent banks. There were no outstanding borrowings with the Company’s correspondent banks at June 30, 2013.

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The following liquidity ratios compare certain assets and liabilities to total deposits or total assets:

	June 30, 2014			March 31, 2014			December 31, 2013			September 30, 2013			June 30, 2013
Investment securities available for sale to total deposits		15.80	%		15.17	%		16.21	%		12.78	%		12.94	%
Loans (net of unearned income) to total deposits		82.72	%		83.22	%		81.94	%		82.14	%		81.84	%
Interest-earning assets to total assets		87.22	%		87.80	%		87.68	%		87.38	%		86.23	%
Interest-bearing deposits to total deposits		76.67	%		76.79	%		77.71	%		80.54	%		80.54	%

The liquidity resources of the Company are monitored continuously by the ALCO Committee and on a periodic basis by state and federal regulatory authorities. As determined under guidelines established by these regulatory authorities, the Company’s and the Bank’s liquidity ratios at June 30, 2014 were considered satisfactory. The Company is aware of no events or trends likely to result in a material change in liquidity.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

The Company is exposed only to U.S. dollar interest rate changes, and, accordingly, the Company manages exposure by considering the possible changes in the net interest margin. The Company does not have any trading instruments nor does it classify any portion of the investment portfolio as held for trading. The Company’s hedging activities are part of the Company’s program to manage interest rate sensitivity. At June 30, 2014, the Company had one effective LIBOR rate swap with a notional amount of $37.1 million. The LIBOR rate swap exchanges fixed rate payments of 4.15% for floating rate payments based on the three month LIBOR and matures December 2018. The Company also had forward contracts with a fair value of approximately $2.6 million at June 30, 2014 to hedge changes in the value of the mortgage inventory due to changes in market interest rates. Finally, the Company has no exposure to foreign currency exchange rate risk, commodity price risk and other market risks.

Interest rates play a major part in the net interest income of a financial institution. The sensitivity to rate changes is known as “interest rate risk”. The repricing of interest-earning assets and interest-bearing liabilities can influence the changes in net interest income. As part of the Company’s asset/liability management program, the timing of repriced assets and liabilities is referred to as “gap management”.

The Company uses simulation analysis to monitor changes in net interest income due to changes in market interest rates. The simulation of rising, declining and flat interest rate scenarios allows management to monitor and adjust interest rate sensitivity to minimize the impact of market interest rate swings. The analysis of the impact on net interest income over a twelve-month period is subjected to a gradual and shock 200 basis point increase or decrease in market rates on net interest income and is monitored on a quarterly basis.

Additional information required by Item 305 of Regulation S-K is set forth under Part I, Item 2 of this report.

Item 4. Controls and Procedures.

The Company’s Chief Executive Officer and Chief Financial Officer have evaluated the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) or 15d-15(e) promulgated under the Exchange Act), as of the end of the period covered by this report, as required by paragraph (b) of Rules 13a-15 or 15d-15 of the Exchange Act. Based on such evaluation, such officers have concluded that, as of the end of the period covered by this report, the Company’s disclosure controls and procedures are effective.

During the quarter ended June 30, 2014, there were no changes in the Company’s internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rules 13a-15 or 15d-15 of the Exchange Act that materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

Nothing to report with respect to the period covered by this report.

Item 1A. Risk Factors.

There have been no material changes to the risk factors disclosed in Item 1A. of Part 1 in our Annual Report on Form 10-K for the year ended December 31, 2013.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits.

The exhibits required to be furnished with this report are listed on the exhibit index attached hereto.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: August 8, 2014	AMERIS BANCORP
	/s/ Dennis J. Zember Jr.
	Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer (duly authorized signatory and principal accounting and financial officer)

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EXHIBIT INDEX

Exhibit No.	Description
3.1	Articles of Incorporation of Ameris Bancorp, as amended (incorporated by reference to Exhibit 2.1 to Ameris Bancorp’s Regulation A Offering Statement on Form 1-A filed with the Commission on August 14, 1987).
3.2	Amendment to Amended Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.1.1 to Ameris Bancorp’s Form 10-K filed with the Commission on March 28, 1996).
3.3	Amendment to Amended Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 4.3 to Ameris Bancorp’s Registration Statement on Form S-4 filed with the Commission on July 17, 1996).
3.4	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.5 to Ameris Bancorp’s Annual Report on Form 10-K filed with the Commission on March 25, 1998).
3.5	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.7 to Ameris Bancorp’s Annual Report on Form 10-K filed with the Commission on March 26, 1999).
3.6	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.9 to Ameris Bancorp’s Annual Report on Form 10-K filed with the Commission on March 31, 2003).
3.7	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on December 1, 2005).
3.8	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on November 21, 2008).
3.9	Articles of Amendment to the Articles of Incorporation of Ameris Bancorp (incorporated by reference to Exhibit 3.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on June 1, 2011).
3.10	Amended and Restated Bylaws of Ameris Bancorp (incorporated by reference to Exhibit 3.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on March 14, 2005).
4.1	Indenture between Ameris Bancorp (as successor to Coastal Bankshares, Inc.) and Wells Fargo Bank, National Association dated as of August 27, 2003 (incorporated by reference to Exhibit 4.1 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on July 1, 2014).
4.2	First Supplemental Indenture dated as of June 30, 2014 by and between Ameris Bancorp and Wells Fargo Bank, National Association (incorporated by reference to Exhibit 4.2 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on July 1, 2014).
4.3	Form of Junior Subordinated Debt Security Due 2033 (incorporated by reference to Exhibit 4.3 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on July 1, 2014).
4.4	Indenture between Ameris Bancorp (as successor to Coastal Bankshares, Inc.) and U.S. Bank National Association dated as of December 14, 2005 (incorporated by reference to Exhibit 4.4 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on July 1, 2014).
4.5	First Supplemental Indenture dated as of June 30, 2014 by and among Ameris Bancorp, Coastal Bankshares, Inc. and U.S. Bank National Association (incorporated by reference to Exhibit 4.5 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on July 1, 2014).
4.6	Form of Junior Subordinated Debt Security Due 2035 (incorporated by reference to Exhibit 4.6 to Ameris Bancorp’s Current Report on Form 8-K filed with the Commission on July 1, 2014).
10.1	Executive Employment Agreement with James A. LaHaise dated as of June 30, 2014.t
31.1	Rule 13a-14(a)/15d-14(a) Certification by the Company’s Chief Executive Officer.
31.2	Rule 13a-14(a)/15d-14(a) Certification by the Company’s Chief Financial Officer.
32.1	Section 1350 Certification by the Company’s Chief Executive Officer.
32.2	Section 1350 Certification by the Company’s Chief Financial Officer.

^t  Management contract or other compensatory plan or arrangement.

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101 The following financial statements from Ameris Bancorp’s Form 10-Q for the quarter ended June 30, 2014, formatted as interactive data files in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Earnings and Comprehensive Income; (iii) Consolidated Statements of Changes in Stockholders’ Equity; (iv) Consolidated Statements of Cash Flows; and (v) Notes to Consolidated Financial Statements.

66

EX-10.1

Exhibit 10.1

EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”), is entered into as of the 30th day of June, 2014, by and between AMERIS BANCORP, a Georgia corporation (“Employer”), and JAMES A. LAHAISE, an individual resident of the State of Georgia (“Executive”).

W I T N E S S E T H:

WHEREAS, pursuant to that certain Agreement and Plan of Merger dated as of March 10, 2014 (the “Merger Agreement”) by and between Employer and Coastal Bankshares, Inc., a Georgia corporation (“Coastal”), Coastal will merge with and into Employer (the “Merger”), as a result of which The Coastal Bank, a Georgia state-chartered bank and wholly owned subsidiary of Coastal (“Coastal Bank”), will become a wholly owned subsidiary of Employer;

WHEREAS, as a result of the Merger and pursuant to the transactions contemplated by the Merger Agreement, Executive is expected to receive significant consideration in exchange for the shares of Coastal Common Stock (as defined in the Merger Agreement) held by Executive;

WHEREAS, immediately following the consummation of the Merger, Coastal Bank will merge with an into Ameris Bank, a Georgia state-chartered bank and wholly owned subsidiary of Employer (“Ameris”);

WHEREAS, Executive currently serves as President and Chief Executive Officer of Coastal and Coastal Bank;

WHEREAS, upon and subject to the consummation of the transactions contemplated by the Merger Agreement, Employer wishes to employ Executive as Executive Vice President of Employer, and Executive wishes to serve in such position, on the terms and conditions set forth herein;

WHEREAS, Executive desires to be assured of a secure minimum compensation from Employer for Executive’s services over a defined term;

WHEREAS, Employer desires to provide fair and reasonable benefits to Executive on the terms and subject to the conditions set forth in this Agreement; and

WHEREAS, Employer desires reasonable protection of confidential business and customer information of Employer, Ameris, Coastal and Coastal Bank which has been developed over many years at substantial expense, including such confidential information of Coastal and Coastal Bank for which Employer, as of the Effective Time (as defined in the Merger Agreement), will have paid valuable consideration, and assurance that Executive will not compete with Employer or Ameris for a reasonable period of time after termination of Executive’s employment with Employer, except as otherwise provided herein;

NOW, THEREFORE, in consideration of these premises and the mutual covenants and undertakings herein contained, Employer and Executive, each intending to be legally bound, covenant and agree as follows:

1. Employment. Upon the terms and subject to the conditions set forth in this Agreement, Employer employs Executive as Executive Vice President of Employer, and Executive hereby accepts such employment.

2. Position and Duties. Executive agrees to serve as Executive Vice President of Employer as set forth in Section 1 hereof and to perform such duties as may reasonably be assigned to Executive by the Chief Executive Officer of Employer; provided, however, that such duties shall be of the same character as those generally associated with the office held by Executive. During the Term (as defined in Section 3 hereof), Executive agrees to serve Employer faithfully and to the best of Executive’s ability and to devote Executive’s full business time, attention and skills to Employer’s business; provided, however, that the foregoing shall not be deemed to restrict Executive from devoting a reasonable amount of time and attention to the management of Executive’s personal and other business affairs and investments, so long as such activities do not interfere with the responsible performance of Executive’s duties hereunder; and provided further, however, that Executive may serve as a director or officer of other of his business interests which are not competitive with Employer and any charitable, religious, civic, educational or trade organizations to the extent that such activities, individually or in the aggregate, do not interfere with the performance of Executive’s duties and responsibilities under this Agreement.

3. Term. This Agreement shall commence as of the date hereof (the “Effective Date”) and, unless otherwise earlier terminated pursuant to Section 8 hereof, shall end at 12:01 a.m., Eastern Time, on the two (2) year anniversary of the Effective Date (the “Initial Term”), provided that the Initial Term shall be extended automatically for an additional one (1) year term (each, an “Additional Term” and, together with the Initial Term, the “Term”) on the last day of the Initial Term or each Additional Term hereof unless either party hereto gives written notice to the other party not to so extend no later than ninety (90) days prior to the expiration of the Initial Term or any subsequent Additional Term, as the case may be, in which case no further extension shall occur and the Term shall end at the end of the Initial Term or the Additional Term during which such notice not to so extend was given.

4. Compensation.

(a) Executive shall receive an annual salary of $240,000.00 (“Base Compensation”) payable at regular intervals in accordance with Employer’s normal payroll practices now or hereafter in effect. Employer may consider and declare from time to time increases in the salary it pays Executive and thereby increase the Base Compensation. Any and all increases in Executive’s salary pursuant to this Section 4(a) shall cause the level of Base Compensation to be increased by the amount of each such increase for purposes of this Agreement. The increased level of Base Compensation as provided in this Section 4(a) shall become the level of Base Compensation for the remainder of the Term until there is a further increase in Base Compensation as provided herein.

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(b) In addition to Executive’s Base Compensation, Executive shall be eligible to receive, during each calendar year during the Term, an annual bonus (an “Annual Bonus”) pursuant to a bonus or incentive plan of Employer; provided, however, that the decision to provide any Annual Bonus and the amount and terms of any Annual Bonus shall be in the sole and absolute discretion of the Board of Directors of Employer (the “Board”) or a committee thereof. Any Annual Bonus earned and payable to Executive shall be paid on or after January 1, but not later than March 15, of the calendar year following the calendar year for which such Annual Bonus is earned.

(c) Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based or other compensation paid to Executive pursuant to this Agreement or any other agreement or arrangement with Employer which is subject to recovery under any law, government regulation or stock exchange listing requirement will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by Employer pursuant to any such law, government regulation or stock exchange listing requirement).

5. Other Benefits. So long as Executive is employed by Employer pursuant to this Agreement, Executive shall be included as a participant in all present and future employee benefit, retirement and compensation plans of Employer generally available to its employees, consistent with Executive’s Base Compensation and position with Employer, including Employer’s 401(k) Profit Sharing Plan, and Executive and Executive’s dependents shall be included in Employer’s hospitalization, major medical, disability and group life insurance plans. Executive acknowledges that, notwithstanding any of the provisions of this Agreement, any of Employer’s benefit plans and programs may be modified from time to time and that Employer is not required to continue any plan or program currently in effect or adopted hereafter; provided, however, that each of the above benefits shall continue in effect on terms no less favorable than those for other executive officers of Employer (as permitted by law) during the Term. Executive’s years of service with Coastal shall be recognized and shall apply to Executive’s participation in all present and future employee benefit, retirement and compensation plans of Employer.

6. Expenses. So long as Executive is employed by Employer pursuant to this Agreement, Executive shall receive reimbursement from Employer for all reasonable business expenses incurred in the course of Executive’s employment by Employer upon proper submission to Employer of written vouchers and statements for reimbursement. In addition, Employer shall reimburse Executive for all mileage driven by Executive in Executive’s personal automobile in connection with Executive’s duties hereunder in accordance with Employer’s mileage reimbursement policy as in effect from time to time. Employer shall pay for all initiation fees and monthly dues of Executive’s current country club membership for business and personal use, or if Executive does not currently possess such a membership, Employer shall pay for all initiation fees and monthly dues of membership once obtained; provided, however, that, if such a membership is not already owned by Executive as of the date hereof, then once Executive obtains such a membership, the membership shall be and remain the sole property of Employer.

7. Vacation. Executive shall be entitled to four (4) weeks paid vacation during each calendar year of Executive’s employment hereunder.

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8. Termination. Subject to the respective continuing obligations of the parties hereto, including those set forth in Sections 10(a), 10(b), 10(c) and 10(d) hereof, Executive’s employment by Employer hereunder may be terminated prior to the expiration of the Term as follows:

(a) Employer, upon written notice to Executive, may terminate Executive’s employment with Employer immediately for cause; provided, however, that Employer shall not have cause for termination pursuant to either of clauses (ii) or (iii) of the definition of “cause” set forth below unless Employer gives Executive written notice of such termination for cause and Executive does not correct the event that constitutes cause, as set forth in Employer’s notice of termination, within thirty (30) days after the date on which Employer gives such written notice of termination. For purposes of this Section 8(a), “cause” for termination of Executive’s employment shall exist (i) if Executive is convicted of (from which no appeal may be taken), or pleads guilty or nolo contendere to, any act of fraud, misappropriation or embezzlement, or any felony, (ii) if, in the determination of Employer, Executive has engaged in gross or willful misconduct materially damaging to the business of Employer (it being understood, however, that neither conduct pursuant to Executive’s exercise of Executive’s good faith business judgment nor unintentional physical damage to any property of Employer by Executive shall be grounds for such a determination by Employer), or (iii) if Executive has failed, without reasonable cause, to follow reasonable written instructions of the Chief Executive Officer of Employer consistent with Executive’s position with Employer and, after written notice from Employer of such failure, Executive at any time thereafter again so fails.

(b) Executive may terminate Executive’s employment with Employer for good reason; provided, however, that Executive shall not have good reason for termination pursuant to this Section 8(b) unless Executive gives written notice of termination for good reason within thirty (30) days after the event giving rise to good reason occurs, Employer does not correct the event that constitutes good reason, as set forth in Executive’s notice of termination, within thirty (30) days after the date on which Executive gives written notice of termination and Executive terminates employment within sixty (60) days after the occurrence of the event that constitutes good reason. For purposes of this Section 8(b), “good reason” for termination shall mean that any one or more of the following events has occurred without Executive’s express written consent:

(i) a change in Executive’s reporting responsibilities, titles or offices, or any removal of Executive from, or any failure to re-elect Executive to, any of Executive’s positions, which has the effect of materially diminishing Executive’s responsibility or authority;

(ii) a reduction by Employer in Executive’s Base Compensation;

(iii) Employer requires Executive’s principal business location to be at any office or location more than fifty (50) miles from either (A) Coastal’s office as of the date hereof located at 18 West Bryan Street, Savannah, Georgia 31401 or (B) Ameris’s Jacksonville, Florida corporate offices (other than to an office or location closer to Executive’s home residence);

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(iv) without replacement by a plan providing benefits to Executive substantially equal to or greater than those discontinued, the failure by Employer to continue in effect, within its maximum stated term, any material pension, life insurance, health, accident, disability or other employee welfare benefit plan, program or arrangement in which Executive is participating, or the taking of any action by Employer that would materially adversely affect Executive’s participation or materially reduce Executive’s benefits under any of such plans; or

(v) the taking of any action by Employer that would materially adversely affect the physical conditions in or under which Executive performs the employment duties hereunder, provided that Employer may take action with respect to such conditions so long as such conditions are at least commensurate with the conditions in or under which an officer of Executive’s status would customarily perform his or her employment duties.

(c) Executive, upon ninety (90) days written notice to Employer, may terminate Executive’s employment with Employer without good reason.

(d) Employer, upon ninety (90) days written notice to Executive, may terminate Executive’s employment with Employer without cause.

(e) Executive’s employment with Employer shall terminate in the event of Executive’s death or disability. For purposes of this Agreement, “disability” shall be defined as Executive’s inability by reason of illness or other physical or mental incapacity to perform the duties required by Executive’s employment for any consecutive one hundred eighty (180) day period.

9. Compensation Upon Termination. In the event of termination of Executive’s employment with Employer pursuant to Section 8 hereof, compensation shall continue to be paid by Employer to Executive as follows:

(a) In the event of a termination pursuant to Section 8(a) or 8(c) hereof, compensation provided for herein (including Base Compensation and an Annual Bonus) shall continue to be paid, and Executive shall continue to participate in the employee benefit, retirement, compensation plans and other perquisites as provided in Section 5 hereof, through and including the Date of Termination (as defined in Section 11 hereof) specified in the Notice of Termination (as defined in Section 11 hereof). Any benefits payable under insurance, health, retirement and bonus plans as a result of Executive’s participation in such plans through the Date of Termination specified in the Notice of Termination shall be paid when due under such plans.

(b) In the event of a termination pursuant to Section 8(b) or 8(d) hereof, compensation provided for herein (including Base Compensation and an Annual Bonus) shall continue to be paid, and Executive shall continue to participate in the employee benefit, retirement, compensation plans and other perquisites as provided in Section 5 hereof, through the Date of Termination specified in the Notice of Termination, and any benefits payable under insurance, health, retirement and bonus plans as a result of Executive’s participation in such plans through the Date of Termination specified in the Notice of Termination shall be paid when due under such plans. In addition, Executive shall be entitled to continue to receive from

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Employer, for twenty-four (24) months from the Date of Termination, Base Compensation at the rate in effect at the time of termination, payable in accordance with Employer’s standard payment practices then existing.

(c) In the event of a termination pursuant to Section 8(e) hereof, compensation provided for herein (including Base Compensation and an Annual Bonus) shall continue to be paid, and Executive shall continue to participate in the employee benefit, retirement, and compensation plans and other perquisites as provided in Section 5 hereof, (x) in the event of Executive’s death, through the date of death, or (y) in the event of Executive’s disability, through the Date of Termination specified in the Notice of Termination. Any benefits payable under insurance, health, retirement and bonus plans as a result of Executive’s participation in such plans through the date of death or the Date of Termination specified in the Notice of Termination, as the case may be, shall be paid when due under those plans.

(d) Employer will permit Executive or Executive’s personal representative(s) or heirs, during a period of ninety (90) days following the Date of Termination of Executive’s employment by Employer (as specified in the Notice of Termination) for the reasons set forth in Section 8(b) or 8(d) hereof, to purchase all of the stock of Employer that would be issuable under all outstanding stock options, if any, previously granted by Employer to Executive under any Employer stock option plan then in effect, whether or not such options are then exercisable, at a cash purchase price equal to the purchase price as set forth in such outstanding stock options.

10. Restrictive Covenants.

(a) Executive acknowledges that (i) Employer has separately bargained and paid additional consideration for the restrictive covenants herein; and (ii) Employer will provide certain benefits to Executive hereunder in reliance on such covenants in view of the unique and essential nature of the services Executive will perform on behalf of Employer and the irreparable injury that would befall Employer should Executive breach such covenants.

(b) Executive further acknowledges that Executive’s services are of a special, unique and extraordinary character and that Executive’s position with Employer will place Executive in a position of confidence and trust with customers and employees of Employer and its subsidiaries and with Employer’s other constituencies and will allow Executive access to Trade Secrets and Confidential Information (each as defined in Section 10(e) hereof) concerning Employer and its subsidiaries.

(c) Executive further acknowledges that the types and periods of restrictions imposed by the covenants in this Section 10 are fair and reasonable and that such restrictions will not prevent Executive from earning a livelihood.

(d) Having acknowledged the foregoing, Executive covenants and agrees with Employer as follows:

(i) While Executive is employed by Employer and continuing thereafter, Executive shall not disclose or use any Confidential Information or Trade Secret of Employer for so long as such information remains Confidential Information or a Trade Secret, as applicable, for any purpose other than as may be necessary and appropriate in the ordinary course of performing Executive’s duties to Employer during the period of Executive’s employment with Employer.

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(ii) While Executive is employed by Employer and for a period of two (2) years after termination of Executive’s employment pursuant to Section 8(a), 8(c) or 8(e) hereof, Executive shall not (except on behalf of or with the prior written consent of Employer), on Executive’s own behalf or in the service or on behalf of others, solicit or attempt to solicit any customer of Employer or its subsidiaries, including actively sought prospective customers, with whom Executive had Material Contact (as defined in Section 10(e) hereof) during Executive’s employment (including Executive’s prior employment with Coastal and Coastal Bank), for the purpose of providing products or services that are Competitive (as defined in Section 10(e) hereof) with those offered or provided by Employer or its subsidiaries, in the event of Executive’s termination, Competitive with those offered or provided by Employer or its subsidiaries within two (2) years prior to the termination of Executive’s employment.

(iii) While Executive is employed by Employer and for a period of two (2) years after termination of Executive’s employment pursuant to Section 8(a), 8(c) or 8(e) hereof, Executive shall not, either directly or indirectly, on Executive’s own behalf or in the service or on behalf of others, perform within the Restricted Territory (as defined in Section 10(e) hereof) duties and responsibilities that are the same as or substantially similar to those Executive performs for Employer or, in the event of Executive’s termination, performed for Employer within two (2) years prior to the termination of Executive’s employment, for any business which is the same as or essentially the same as the business conducted by Employer and its subsidiaries.

(iv) While Executive is employed by Employer and for a period of two (2) years after termination of Executive’s employment pursuant to Section 8(a), 8(c) or 8(e) hereof, Executive will not on Executive’s own behalf or in the service or on behalf of others, solicit or recruit or attempt to solicit or recruit, directly or by assisting others, any employee of Employer or its subsidiaries, whether or not such employee is a full-time employee or a temporary employee of Employer or its subsidiaries, whether or not such employment is pursuant to a written agreement and whether or not such employment is for a determined period or is at will, to cease working for Employer.

(v) If Executive’s employment is terminated pursuant to Section 8(a), 8(c) or 8(e) hereof and Executive subsequently engages in any conduct or takes any action prohibited under any of Sections 10(d)(ii)-(iv) hereof, then, in addition to any other remedies available to Employer hereunder, Employer may immediately terminate, and shall not be required to continue on behalf of Executive or Executive’s dependents and beneficiaries, any compensation provided for herein and any employee benefit, retirement and compensation plans and other prerequisites provided in Section 5 hereof other than those benefits that Employer may be required to maintain for Executive under applicable federal or state law.

(vi) If Executive’s employment is terminated pursuant to Section 8(b) or Section 8(d) hereof, then Executive may thereafter engage in any conduct or take any action of the type described under Sections 10(d)(ii)-(iv); provided, however, that if

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Executive shall at any time engage in any such conduct or take any such action, then Employer may immediately terminate, and shall not be required to continue on behalf of Executive or Executive’s dependents and beneficiaries, any compensation provided for herein (including any payments pursuant to Section 9(b) hereof) and any employee benefit, retirement and compensation plans and other perquisites provided in Section 5 hereof other than those benefits that Employer may be required to maintain for Executive under applicable federal or state law.

(vii) If Executive’s employment by Employer is terminated for any reason or for no reason, Executive will turn over immediately thereafter to Employer all business correspondence, letters, papers, reports, customer lists, financial statements, credit reports or other Confidential Information, data or documents of Employer in the possession or control of Executive, all of which writings are and will continue to be the sole and exclusive property of Employer.

(e) For purposes of this Section 10, the following terms shall be defined as set forth below:

(i) “Competitive,” with respect to particular products or services, shall mean products or services that are the same as or similar to the products or services of Employer and its subsidiaries.

(ii) “Confidential Information” shall mean data and information:

(A) relating to the business of Employer and its subsidiaries, regardless of whether the data or information constitutes a Trade Secret;

(B) disclosed to Executive or of which Executive becomes aware as a consequence of Executive’s relationship with Employer (or Coastal or Coastal Bank);

(C) having value to Employer; and

(D) not generally known to competitors of Employer.

Confidential Information shall include Trade Secrets, methods of operation, names of customers, price lists, financial information and projections, personnel data and similar information; provided, however, that such term shall not mean data or information that (x) has been voluntarily disclosed to the public by Employer, except where such public disclosure has been made by Executive without authorization from Employer, (y) has been independently developed and disclosed by others, or (z) has otherwise entered the public domain through lawful means.

(iii) “Material Contact” shall mean contact between Executive and a customer or prospective customer: (A) with whom or which Executive dealt on behalf of Employer or its subsidiaries (or Coastal or Coastal Bank); (B) whose dealings with Employer were coordinated or supervised by Executive; (C) about whom Executive obtained Confidential Information in the ordinary course of business as a result of

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Executive’s association with Employer (or Coastal or Coastal Bank); or (D) who receives products or services as authorized by Employer, the sale or provision of which results or resulted in compensation, commissions or earnings for Executive within two (2) years prior to the date of the termination of Executive’s employment with Employer.

(iv) “Restricted Territory” shall mean the geographic territory within a fifty (50) mile radius of either (A) Coastal’s office as of the date hereof located at 18 West Bryan Street, Savannah, Georgia 31401 or (B) Ameris’s Jacksonville, Florida corporate offices; provided, however, that if the physical location of either such office shall change during the Term, then the Restricted Territory shall mean the geographic territory within a fifty (50) mile radius of the physical location of such offices at such time and, in the event of the termination of Executive’s employment, the Restricted Territory shall mean the geographic territory within a fifty (50) mile radius of the physical locations of such offices on the Date of Termination.

(v) “Trade Secret” shall mean information, without regard to form, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans or a list of actual or potential customers or suppliers, that is not commonly known by or available to the public and which information:

(A) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and

(B) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

(f) Executive acknowledges that irreparable loss and injury would result to Employer upon the breach of any of the covenants contained in this Section 10 and that damages arising out of such breach would be difficult to ascertain. Executive hereby agrees that, in addition to all other remedies provided at law or in equity, Employer may petition and obtain from a court of law or equity, without the necessity of proving actual damages and without posting any bond or other security, both temporary and permanent injunctive relief to prevent a breach by Executive of any covenant contained in this Section 10, and shall be entitled to an equitable accounting of all earnings, profits and other benefits arising out of any such breach. In the event that the provisions of this Section 10 should ever be determined to exceed the time, geographic or other limitations permitted by applicable law, then such provisions shall be modified so as to be enforceable to the maximum extent permitted by law. If such provision(s) cannot be modified to be enforceable, the provision(s) shall be severed from this Agreement to the extent unenforceable. The remaining provisions and any partially enforceable provisions shall remain in full force and effect.

(g) All references to Employer in this Section 10 shall include, unless the context otherwise requires, all subsidiaries of Employer.

11. Notice of Termination and Date of Termination. Any termination of Executive’s employment with Employer as contemplated by Section 8 hereof, except in the circumstances of

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Executive’s death, shall be communicated by written notice of termination (the “Notice of Termination”) by the terminating party to the other party hereto. Any Notice of Termination given pursuant to Section 8(a), 8(b) or 8(e) hereof shall indicate the specific provisions of this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for such termination. Any Notice of Termination given pursuant to Section 8(c) or 8(d) hereof shall indicate the provision of this Agreement relied upon, but need not state any basis for such termination. For purposes of this Agreement, “Date of Termination” shall mean: (i) if Executive’s employment is terminated because of disability, thirty (30) days after Notice of Termination is given (unless Executive shall have returned to the performance of Executive’s duties on a full-time basis during such thirty (30) day period); or (ii) if Executive’s employment is terminated for cause, good reason (pursuant to Section 8(b) hereof) or pursuant to Section 8(c) or 8(d) hereof, the date specified in the Notice of Termination; provided, however, that if within thirty (30) days after any such Notice of Termination is given with respect to termination of employment for cause, the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, the Date of Termination shall be the date on which the dispute is finally resolved, either by mutual agreement of the parties or by arbitration as provided in Section 26 hereof.

12. Excess Parachute Payments and One Million Dollar Deduction Limit.

(a) Notwithstanding anything contained herein to the contrary, if any portion of the payments and benefits provided hereunder and benefits provided to, or for the benefit of, Executive under any other plan or agreement of Employer (such payments or benefits are collectively referred to as the “Payments”) would be subject to the excise tax (the “Excise Tax”) imposed under Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or would be nondeductible by Employer pursuant to Section 280G of the Code, the Payments shall be reduced (but not below zero) if and to the extent necessary so that no portion of any Payment to be made or benefit to be provided to Executive shall be subject to the Excise Tax or shall be nondeductible by Employer pursuant to Section 280G of the Code (such reduced amount is hereinafter referred to as the “Limited Payment Amount”). Employer shall reduce or eliminate the Payments by first reducing or eliminating those payments or benefits which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from the Determination (as defined in Section 12(b) hereof). For this purpose, where multiple payments or benefits are to be paid at the same time, they shall be reduced or eliminated on a pro rata basis.

(b) An initial determination as to whether the Payments shall be reduced to the Limited Payment Amount pursuant to the Code and the amount of such Limited Payment Amount shall be made at Employer’s expense by a nationally or regionally recognized independent accounting firm selected by Employer and reasonably acceptable to Executive (the “Accounting Firm”). The Accounting Firm shall provide its determination (the “Determination”), together with detailed supporting calculations and documentation to Employer and Executive within thirty (30) days of the Termination Date, if applicable, and if the Accounting Firm determines that no Excise Tax is payable by Executive with respect to a Payment or Payments, it shall furnish Executive with an opinion reasonably acceptable to Executive that no Excise Tax will be imposed with respect to any such Payment or Payments. Within ten (10) days of the delivery of the Determination to Executive, Executive shall have the

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right to dispute the Determination (the “Dispute”). If there is no Dispute, the Determination shall be binding, final and conclusive upon Employer and Executive subject to the application of Section 12(c) hereof.

(c) As a result of the uncertainty in the application of Sections 4999 and 280G of the Code, it is possible that the Payments to be made to, or provided for the benefit of, Executive either have been made or will not be made by Employer which, in either case, will be inconsistent with the limitations provided in Section 12(a) hereof (hereinafter referred to as an “Excess Payment” or “Underpayment”, respectively). If it is established pursuant to a final determination of a court or an Internal Revenue Service (the “IRS”) proceeding which has been finally and conclusively resolved that an Excess Payment has been made, such Excess Payment shall be deemed for all purposes to be a loan to Executive made on the date Executive received the Excess Payment, and Executive shall repay the Excess Payment to Employer on demand (but not less than ten (10) days after written notice is received by Executive), together with interest on the Excess Payment at the Applicable Federal Rate (as defined in Section 1274(d) of the Code) from the date of Executive’s receipt of such Excess Payment until the date of such repayment. In the event that it is determined (i) by the Accounting Firm, Employer (which shall include the position taken by Employer, or together with its consolidated group, on its federal income tax return) or the IRS; (ii) pursuant to a determination by a court; or (iii) upon the resolution of the Dispute to Executive’s satisfaction, that an Underpayment has occurred, Employer shall pay an amount equal to the Underpayment to Executive within ten (10) days of such determination or resolution, together with interest on such amount at the Applicable Federal Rate from the date such amount would have been paid to Executive until the date of payment.

(d) Notwithstanding anything contained herein to the contrary, if any portion of the Payments would be nondeductible by Employer pursuant to Section 162(m) of the Code, the Payments to be made to Executive in any taxable year of Employer shall be reduced (but not below zero) if and to the extent necessary so that no portion of any Payment to be made or benefit to be provided to Executive in such taxable year of Employer shall be nondeductible by Employer pursuant to Section 162(m) of the Code. The amount by which any Payment is reduced pursuant to the immediately preceding sentence, together with interest thereon at the Applicable Federal Rate, shall be paid by Employer to Executive on or before the fifth business day of the immediately succeeding taxable year of Employer, subject to the application of the limitations of the immediately preceding sentence and this Section 12. Employer shall reduce or eliminate the Payments in any one taxable year of Employer by first reducing or eliminating those payments or benefits which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from the Section 162(m) Determination (as defined in Section 12(e)). For this purpose, where multiple payments or benefits are to be paid at the same time, they shall be reduced or eliminated on a pro rata basis.

(e) The determination as to whether the Payments shall be reduced pursuant to Section 12(d) hereof and the amount of the Payments to be made in each taxable year after the application of Section 12(d) hereof shall be made by the Accounting Firm at Employer’s expense. The Accounting Firm shall provide its determination (the “Section 162(m) Determination”), together with detailed supporting calculations and documentation to Employer and Executive within thirty (30) days of the termination date specified in the Notice of Termination. The Section 162(m) Determination shall be binding, final and conclusive upon Employer and Executive.

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13. Payments After Death. Should Executive die after termination of Executive’s employment with Employer while any amounts are payable to Executive hereunder, this Agreement shall inure to the benefit of and be enforceable by Executive’s executors, administrators, heirs, distributees, devisees and legatees, and all amounts payable hereunder shall be paid in accordance with the terms of this Agreement to Executive’s devisee, legatee or other designee or, if there is no such designee, to Executive’s estate.

14. Full Settlement. The respective obligations of the parties hereto to make payments or otherwise to perform hereunder shall not be affected by any rights of set-off, counterclaim, recoupment, defense or other claim, right or action which one party hereto may have against the other party hereto. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts which may be payable to Executive by Employer hereunder.

15. Notices. Any notice, consent, demand, request or other communication given to a party hereto in connection with this Agreement shall be in writing and shall be deemed to have been given to such party (x) when delivered personally to such party or (y) provided that a written acknowledgment of receipt is obtained, five (5) days after being sent by prepaid certified or registered mail or two (2) days after being sent by a nationally recognized overnight courier, to the address (if any) specified below for such party (or to such other address as such party shall have specified by ten (10) days’ advance notice given in accordance with this Section 15) or (z) in the case of Employer only, on the first business day after it is sent by facsimile to the facsimile number set forth below (or to such other facsimile number as shall have specified by ten (10) days’ advance notice given in accordance with this Section 15), with a confirmatory copy sent by certified or registered mail or by overnight courier in accordance with this Section 15.

If to Employer:	Ameris Bancorp 310 First Street, S.E. Moultrie, Georgia 31768 Attn: Chief Executive Officer Fax: (229) 890-2235
If to Executive:	The address of Executive’s principal residence as it appears in Employer’s records, with a copy to Executive (during the Term) at Executive’s principal office with Employer.
If to a beneficiaryof Executive:	The address most recently specified by Executive or such beneficiary.

16. Governing Law. The validity, interpretation and performance of this Agreement shall be governed by the laws of the State of Georgia, without giving effect to the conflicts of laws principles thereof.

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17. Successors. Employer shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of Employer, by agreement in form and substance reasonably satisfactory to Executive, to expressly assume and agree to perform this Agreement in the same manner and same extent that Employer would be required to perform it if no such succession had taken place. Failure of Employer to obtain such agreement prior to the effectiveness of any such succession shall be a material, intentional breach of this Agreement and shall entitle Executive to terminate Executive’s employment with Employer for good reason pursuant to Section 8(b) hereof.

18. Modification and Waiver. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by Executive and Employer. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of dissimilar provisions or conditions at the same or any prior subsequent time.

19. Severability. The invalidity or unenforceability of any provisions of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement, which shall remain in full force and effect.

20. Counterparts. This Agreement may be executed (and delivered via facsimile or other electronic transmission) in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Agreement.

21. Assignment. This Agreement is personal in nature, and neither party hereto shall, without the prior written consent of the other, assign or transfer this Agreement or any rights or obligations hereunder except as provided in Sections 13 and 17 hereof. Without limiting the foregoing, Executive’s right to receive compensation hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than a transfer by Executive’s will or by the laws of descent or distribution as set forth in Section 13 hereof, and in the event of any attempted assignment or transfer contrary to this Section 21, Employer shall have no liability to pay any amounts so attempted to be assigned or transferred.

22. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto and supersedes all prior agreements, understandings and arrangements, oral or written, between the parties hereto with respect to the subject matter hereof.

23. Construction. Whenever the singular number is used in this Agreement and when required by the context, the same shall include the plural and vice versa, and the masculine gender shall include the feminine and neuter genders and vice versa. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The headings in this Agreement are for convenience only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of this Agreement or any of its provisions.

13

24. Compliance with Code Section 409A.

(a) This Agreement shall be interpreted to avoid any penalty sanctions under Section 409A of the Code (“Section 409A”). If any payment or benefit cannot be provided or made at the time specified herein without incurring sanctions under Section 409A, then such benefit or payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. For purposes of Section 409A, (i) all payments to be made upon a termination of employment under this Agreement may only be made upon a “separation from service” within the meaning of such term under Section 409A, (ii) each payment made under this Agreement shall be treated as a separate payment and (iii) the right to a series of installment payments under this Agreement is to be treated as a right to a series of separate payments. In no event shall Executive, directly or indirectly, designate the calendar year of payment.

(b) All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirements that (i) any reimbursement is for expenses incurred during Executive’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.

(c) Notwithstanding any provision in this Agreement to the contrary, if, at the time of Executive’s separation from service with Employer, Employer has securities which are publicly traded on an established securities market, Executive is a “specified employee” (as defined in Section 409A) and it is necessary to postpone the commencement of any severance payments otherwise payable pursuant to this Agreement as a result of such separation from service to prevent any accelerated or additional tax under Section 409A, then Employer will postpone the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to Executive) that are not otherwise exempt from Section 409A until the first payroll date that occurs after the date that is six (6) months following Executive’s separation from service with Employer (as determined under Section 409A). If any payments are postponed pursuant to this Section 24(c), then such postponed amounts will be paid in a lump sum to Executive on the first payroll date that occurs after the date that is six (6) months following Executive’s separation from service with Employer. If Executive dies during the postponement period prior to the payment of any postponed amount, such amount shall be paid to the personal representative of Executive’s estate within sixty (60) days after the date of Executive’s death.

(d) Notwithstanding the foregoing provisions of this Section 24, Employer makes no representations that the payments and benefits provided under this Agreement comply with Section 409A, and in no event shall Employer be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Executive on account of non-compliance with Section 409A.

14

25. Representations and Warranties of Employer. Employer hereby represents and warrants to Executive that: (i) this Agreement has been duly authorized by the Board, executed and delivered by Employer, and constitutes the valid and binding agreement of Employer, enforceable against Employer in accordance with its terms; and (ii) Employer has the full power authority to execute, deliver and perform this Agreement and has taken all necessary action to secure all approvals required in connection herewith.

26. Arbitration. Any dispute, controversy or claim arising out of or relating to this Agreement or the breach thereof, except as otherwise provided in Section 10(f) or Section 12(c) hereof, shall be submitted to and decided by binding arbitration. Arbitration shall be administered exclusively by the American Arbitration Association (“AAA”) and shall be conducted consistent with the rules, regulations and requirements thereof, as well as any requirements imposed by state law. The AAA Employment Arbitration Rules shall apply. The decision of the arbitrators shall be final and binding as to any matter submitted to them under this Agreement, and judgment on any award rendered by the arbitrators may be entered in any court having jurisdiction thereof.

27. Attorneys’ Fees. If there is any legal action, arbitration or proceeding between Executive and Employer arising from or based on this Agreement or the interpretation or enforcement of any provisions hereof, then the unsuccessful party to such action, arbitration or proceeding shall pay to the prevailing party all costs and expenses, including reasonable attorneys’ fees, incurred by such prevailing party in such action, arbitration or proceeding, in any appeal in connection therewith and in any action or proceeding taken to enforce any judgment or order so obtained by the prevailing party. If such prevailing party recovers a judgment in any such action, arbitration, proceeding or appeal, then such costs, expenses and attorneys’ fees shall be included in and as a part of such judgment.

[Signature page follows.]

15

IN WITNESS WHEREOF, Executive has executed and delivered this Agreement, and Employer has caused this Agreement to be executed and delivered, all as of the day and year first above set forth.

EMPLOYER:
AMERIS BANCORP
By:	/s/ Edwin W. Hortman, Jr.
	Edwin W. Hortman, Jr.
	President and Chief Executive Officer
EMPLOYEE:
/s/ James A. LaHaise
JAMES A. LAHAISE

16

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Edwin W. Hortman, Jr., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the period ended June 30, 2014, of Ameris Bancorp;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: August 8, 2014	/s/ Edwin W. Hortman, Jr.
	Edwin W. Hortman, Jr., President and Chief Executive Officer
	(principal executive officer)

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Dennis J. Zember Jr., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the period ended June 30, 2014, of Ameris Bancorp;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: August 8, 2014	/s/ Dennis J. Zember Jr.
	Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer
	(principal accounting and financial officer)

EX-32.1

Exhibit 32.1

SECTION 1350 CERTIFICATION

I, Edwin W. Hortman, Jr., President and Chief Executive Officer of Ameris Bancorp (the “Company”), do hereby certify, in accordance with 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. The Quarterly Report on Form 10-Q of the Company for the period ending June 30, 2014 (the “Periodic Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Periodic Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: August 8, 2014	/s/ Edwin W. Hortman, Jr.
	Edwin W. Hortman, Jr., President and Chief Executive Officer
	(principal executive officer)

EX-32.2

Exhibit 32.2

SECTION 1350 CERTIFICATION

I, Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer of Ameris Bancorp (the “Company”), do hereby certify, in accordance with 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. The Quarterly Report on Form 10-Q of the Company for the period ending June 30, 2014 (the “Periodic Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Periodic Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: August 8, 2014	/s/ Dennis J. Zember Jr.
	Dennis J. Zember Jr., Executive Vice President and Chief Financial Officer
	(principal accounting and financial officer)

XML

Investment Securities - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Investments Debt And Equity Securities [Abstract]
Securities, carrying value	$ 228.3	$ 399.0	$ 224.5

XML

Loans - Summary of Impaired Financial Receivables (Summary of Covered Impaired Loans) (Detail) (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings not included above	$ 21,100,000	$ 20,600,000	$ 20,900,000
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	46,138,000	88,939,000	69,152,000
Troubled debt restructurings not included above	9,221,000	10,253,000	8,409,000
Total impaired loans	55,359,000	99,192,000	77,561,000
Impaired loans not requiring a related allowance	55,359,000	99,192,000	77,561,000
Impaired loans requiring a related allowance
Allowance related to impaired loans
Average investment in impaired loans	70,932,000	104,473,000	94,873,000
Interest income recognized on impaired loans	214,000	784,000	968,000
Foregone interest income on impaired loans	$ 94,000	$ 242,000	$ 330,000

XML

Loans - Summary of Non-Covered Past Due Financial Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	$ 8,400		$ 20,700
Total Loans	1,770,059	1,618,454	1,555,827
Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	9,087	12,903
Loans 60-89 Days Past Due	2,811	3,314
Loans 90 or More Days Past Due	15,146	5,289
Total Loans Past Due	27,044	21,506
Current Loans	675,087	427,247
Total Loans	702,131	448,753
Loans 90 Days or More Past Due and Still Accruing
Commercial, Financial and Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	304,588	244,373	208,424
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	137	370
Loans 60-89 Days Past Due	26	70
Loans 90 or More Days Past Due	143	11
Total Loans Past Due	306	451
Current Loans	41,277	31,690
Total Loans	41,583	32,141
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Construction and Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	149,346	146,371	134,607
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	712	1,008
Loans 60-89 Days Past Due	168	89
Loans 90 or More Days Past Due	2,165	325
Total Loans Past Due	3,045	1,422
Current Loans	61,039	29,754
Total Loans	64,084	31,176
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Commercial and Farmland [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	850,000	808,323	788,654
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	1,263	6,851
Loans 60-89 Days Past Due	1,605	2,064
Loans 90 or More Days Past Due	6,647	1,516
Total Loans Past Due	9,515	10,431
Current Loans	302,233	169,467
Total Loans	311,748	179,898
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	422,731	366,882	357,685
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	6,952	4,667
Loans 60-89 Days Past Due	983	1,074
Loans 90 or More Days Past Due	6,144	3,428
Total Loans Past Due	14,079	9,169
Current Loans	264,372	191,682
Total Loans	278,451	200,851
Loans 90 Days or More Past Due and Still Accruing
Consumer Installment Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	31,902	34,249	36,923
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	23	7
Loans 60-89 Days Past Due	29	17
Loans 90 or More Days Past Due	47	9
Total Loans Past Due	99	33
Current Loans	6,166	4,654
Total Loans	6,265	4,687
Loans 90 Days or More Past Due and Still Accruing

XML

Assets Acquired in FDIC-Assisted Acquisitions - Components of Covered Assets (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Covered Assets [Line Items]
Covered loans	$ 367,735	$ 529,792	$ 443,322
Less: Fair value adjustments	36,485	86,275	53,085
Total covered loans	331,250	443,517	390,237
OREO	46,468	75,960	55,827
Less: Fair value adjustments	8,042	13,782	9,934
Total covered OREO	38,426	62,178	45,893
Total covered assets	369,676	505,695	436,130
FDIC indemnification asset	49,180	105,513	65,441	159,724
American United Bank (AUB) [Member]
Covered Assets [Line Items]
Covered loans	9,106	23,721	15,787
Less: Fair value adjustments	133	2,114	231
Total covered loans	8,973	21,607	15,556
OREO	1,690	4,847	4,264
Total covered OREO	1,690	4,847	4,264
Total covered assets	10,663	26,454	19,820
FDIC indemnification asset	1,676	4,526	1,452
United Security Bank (USB) [Member]
Covered Assets [Line Items]
Covered loans	14,030	23,298	18,504
Less: Fair value adjustments	805	2,552	1,427
Total covered loans	13,225	20,746	17,077
OREO	2,927	4,127	2,865
Less: Fair value adjustments	62	140	141
Total covered OREO	2,865	3,987	2,724
Total covered assets	16,090	24,733	19,801
FDIC indemnification asset	920	5,802	889
Satilla Community Bank (SCB) [Member]
Covered Assets [Line Items]
Covered loans	30,545	38,478	34,637
Less: Fair value adjustments	954	2,882	1,483
Total covered loans	29,591	35,596	33,154
OREO	3,332	4,655	3,461
Less: Fair value adjustments	308	306	303
Total covered OREO	3,024	4,349	3,158
Total covered assets	32,615	39,945	36,312
FDIC indemnification asset	3,073	4,603	3,175
First Bank of Jacksonville (FBJ) [Member]
Covered Assets [Line Items]
Covered loans	23,264	29,154	25,891
Less: Fair value adjustments	2,696	5,086	3,730
Total covered loans	20,568	24,068	22,161
OREO	1,734	2,037	1,880
Less: Fair value adjustments	135	209	242
Total covered OREO	1,599	1,828	1,638
Total covered assets	22,167	25,896	23,799
FDIC indemnification asset	2,752	5,632	3,689
Darby Bank & Trust (DBT) [Member]
Covered Assets [Line Items]
Covered loans	81,700	132,707	105,157
Less: Fair value adjustments	8,774	27,386	17,819
Total covered loans	72,926	105,321	87,338
OREO	12,766	23,594	17,023
Less: Fair value adjustments	913	2,003	1,282
Total covered OREO	11,853	21,591	15,741
Total covered assets	84,779	126,912	103,079
FDIC indemnification asset	10,119	27,957	18,724
Tifton Banking Company (TBC) [Member]
Covered Assets [Line Items]
Covered loans	28,363	37,560	32,590
Less: Fair value adjustments	1,853	3,299	2,354
Total covered loans	26,510	34,261	30,236
OREO	4,493	7,069	4,844
Less: Fair value adjustments	758	1,650	745
Total covered OREO	3,735	5,419	4,099
Total covered assets	30,245	39,680	34,335
FDIC indemnification asset	3,543	6,083	3,721
High Trust Bank (HTB) [Member]
Covered Assets [Line Items]
Covered loans	59,267	74,867	67,126
Less: Fair value adjustments	6,535	9,747	7,359
Total covered loans	52,732	65,120	59,767
OREO	4,130	10,868	6,374
Less: Fair value adjustments	1,349	3,436	2,304
Total covered OREO	2,781	7,432	4,070
Total covered assets	55,513	72,552	63,837
FDIC indemnification asset	9,000	13,314	9,325
One Georgia Bank (OGB) [Member]
Covered Assets [Line Items]
Covered loans	49,501	70,644	58,512
Less: Fair value adjustments	4,937	11,568	5,067
Total covered loans	44,564	59,076	53,445
OREO	7,964	10,244	7,506
Less: Fair value adjustments	2,984	3,948	2,984
Total covered OREO	4,980	6,296	4,522
Total covered assets	49,544	65,372	57,967
FDIC indemnification asset	7,268	14,591	9,645
Central Bank of Georgia (CBG) [Member]
Covered Assets [Line Items]
Covered loans	71,959	99,363	85,118
Less: Fair value adjustments	9,798	21,641	13,615
Total covered loans	62,161	77,722	71,503
OREO	7,432	8,519	7,610
Less: Fair value adjustments	1,533	2,090	1,933
Total covered OREO	5,899	6,429	5,677
Total covered assets	68,060	84,151	77,180
FDIC indemnification asset	$ 10,829	$ 23,005	$ 14,821

XML

Loans - Summary of Impaired Financial Receivables (Analysis of Covered Impaired Loans) (Detail) (Covered Loans [Member], USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	$ 64,456		$ 91,407
Recorded Investment With No Allowance	55,359	99,192	77,561
Recorded Investment With Allowance
Total Recorded Investment	55,359	99,192	77,561
Related Allowance
Average Recorded Investment	70,932	104,473	94,873
Covered Loans [Member] | Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	14,617		9,598
Recorded Investment With No Allowance	12,254		7,257
Recorded Investment With Allowance
Total Recorded Investment	12,254		7,257
Related Allowance
Average Recorded Investment	10,525		8,676
Covered Loans [Member] | Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	9,780		17,540
Recorded Investment With No Allowance	8,028		14,781
Recorded Investment With Allowance
Total Recorded Investment	8,028		14,781
Related Allowance
Average Recorded Investment	13,380		17,909
Covered Loans [Member] | Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	21,236		39,056
Recorded Investment With No Allowance	18,093		34,074
Recorded Investment With Allowance
Total Recorded Investment	18,093		34,074
Related Allowance
Average Recorded Investment	27,174		44,652
Covered Loans [Member] | Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	18,662		24,819
Recorded Investment With No Allowance	16,857		21,108
Recorded Investment With Allowance
Total Recorded Investment	16,857		21,108
Related Allowance
Average Recorded Investment	19,641		23,332
Covered Loans [Member] | Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	161		394
Recorded Investment With No Allowance	127		341
Recorded Investment With Allowance
Total Recorded Investment	127		341
Related Allowance
Average Recorded Investment	212		304
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance		122,867
Recorded Investment With No Allowance		99,192
Recorded Investment With Allowance
Total Recorded Investment		99,192
Related Allowance
Average Recorded Investment		104,473
Covered Loans [Member] | Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance		12,151
Recorded Investment With No Allowance		8,769
Recorded Investment With Allowance
Total Recorded Investment		8,769
Related Allowance
Average Recorded Investment		9,417
Covered Loans [Member] | Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance		24,044
Recorded Investment With No Allowance		19,198
Recorded Investment With Allowance
Total Recorded Investment		19,198
Related Allowance
Average Recorded Investment		19,394
Covered Loans [Member] | Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance		58,538
Recorded Investment With No Allowance		48,000
Recorded Investment With Allowance
Total Recorded Investment		48,000
Related Allowance
Average Recorded Investment		50,508
Covered Loans [Member] | Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance		27,794
Recorded Investment With No Allowance		22,940
Recorded Investment With Allowance
Total Recorded Investment		22,940
Related Allowance
Average Recorded Investment		24,877
Covered Loans [Member] | Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance		340
Recorded Investment With No Allowance		285
Recorded Investment With Allowance
Total Recorded Investment		285
Related Allowance
Average Recorded Investment		$ 277

XML

Commitments - Summary of Commitments to Extend Credit and Standby Letters of Credit (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Commitments And Contingencies Disclosure [Abstract]
Commitments to extend credit	$ 285,071	$ 257,195	$ 193,515
Standby letters of credit	$ 8,392	$ 7,665	$ 7,142

XML

Loans - Summary of Financial Receivable Nonaccrual Basis (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 22,111,000	$ 29,203,000	$ 31,811,000
Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	15,770,000	6,659,000
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	46,138,000	69,152,000	88,939,000
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	1,596,000	4,103,000	4,326,000
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	143,000	11,000
Commercial, Financial and Agricultural [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	12,254,000	7,257,000	8,729,000
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,452,000	3,971,000	5,448,000
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	2,273,000	325,000
Real Estate - Construction and Development [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	8,028,000	14,781,000	17,039,000
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	8,831,000	8,566,000	8,963,000
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	6,647,000	1,653,000
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	17,027,000	33,495,000	47,427,000
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	7,795,000	12,152,000	12,423,000
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	6,658,000	4,658,000
Real Estate - Residential [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	8,702,000	13,278,000	15,459,000
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	437,000	411,000	651,000
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	49,000	12,000
Consumer Installment Loans [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 127,000	$ 341,000	$ 285,000

XML

Business Combinations - Estimated Fair Value of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail) (Prosperity Banking Company [Member], USD $) In Thousands, unless otherwise specified	0 Months Ended
	Dec. 23, 2013
As Recorded by Acquired Bank [Member]
Business Acquisition [Line Items]
Deferred tax asset, purchase accounting adjustments	$ 8,435
Fair Value Adjustments [Member]
Business Acquisition [Line Items]
Deferred tax asset, non-realizable portion	(6,644)
Fair value adjustment of other assets	(599)
Fair value adjustment (premium) to FHLB borrowings	12,741
Fair value adjustment to subordinated debt	$ 428

XML

Accumulated Other Comprehensive Income - Summary of Accumulated Other Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ (294)	$ 6,607
Reclassification for gains included in net income	1	(4)	(111)
Current year changes		4,421	(2,914)
Ending balance	3,582	4,123	3,582
Unrealized Gain (Loss) on Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		1,397	(23)
Current year changes		(638)	1,204
Ending balance	1,181	759	1,181
Unrealized Gain (Loss) on Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		(1,691)	6,630
Reclassification for gains included in net income		(4)	(111)
Current year changes		5,059	(4,118)
Ending balance	$ 2,401	$ 3,364	$ 2,401

XML

Weighted Average Shares Outstanding - Summary of Weighted Average Number of Shares (Detail) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]
Basic shares outstanding	25,181	23,879	25,163	23,873
Plus: Dilutive effect of ISOs	120	346	118	346
Plus: Dilutive effect of Restricted grants	271	63	271	63
Diluted shares outstanding	25,572	24,288	25,552	24,282

XML

Loans - Summary of Credit Quality Indicate Financial Receivable (Non-Covered Loan Portfolio) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	$ 1,770,059	$ 1,618,454	$ 1,555,827
Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	702,131	448,753
Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,344	2,605
Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	35,540	34,474
Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	186,690	88,893
Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	165
Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	416,671	274,442
Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	32,309	22,962
Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	26,412	25,377
Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	304,588	244,373	208,424
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	41,583	32,141
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	3,494	1,865
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,728	4,606
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	11,567	5,172
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	18,251	19,638
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	3,162	576
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	381	284
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	149,346	146,371	134,607
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	64,084	31,176
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	245	7
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	12,905	3,960
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	42,127	20,733
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,722	1,760
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,085	4,716
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	850,000	808,323	788,654
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	311,748	179,898
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	14,191	12,998
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	94,598	43,802
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	175,427	102,260
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	16,078	9,554
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	11,454	11,284
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	422,731	366,882	357,685
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	278,451	200,851
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	293	289
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	15,839	16,160
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	64,937	34,576
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	165
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	178,523	129,923
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	8,326	10,878
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	10,368	9,025
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	31,902	34,249	36,923
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	6,265	4,687
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	557	451
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	537	703
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	2,683	1,383
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	2,343	1,888
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	21	194
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	124	68
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	11,492	18,256	29,534
Other [Member] | Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Purchased Non-Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade

XML

Other Borrowings - Summary of Other Borrowings (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Total other borrowings	$ 100,293	$ 194,572	$ 0
Fixed Rate Advance One [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014	5,000		0
Fixed Rate Advance Two [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014	5,000		0
Fixed Rate Advance Three [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014	3,000		0
Fixed Rate Advance Four [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014		165,000	0
Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36%	40,000		0
Revolving Credit Facility [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.23% at June 30, 2014) due in August 2016, secured by subsidiary bank stock	22,500	10,000	0
Correspondent Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable	4,936		0
Subordinated Debt One [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at June 30, 2014)	5,000	5,000	0
Subordinated Debt Two [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at June 30, 2014)	$ 14,857	$ 14,572	$ 0

XML

Fair Value of Financial Instruments - Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	$ 619,746	$ 554,693	$ 380,348
Recurring liabilities at fair value	1,142	370	916
US Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	14,445	13,926	14,335
State, County and Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	145,780	112,754	112,759
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	10,958	10,325	10,090
Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	364,447	347,750	178,984
Mortgage Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	81,491	67,278	62,580
IRLCs and forward contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	2,625	1,180	1,600
Derivative Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring liabilities at fair value	1,142	370	916
Collateralized Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value		1,480
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value		183,941	2,447
Recurring liabilities at fair value
Level 1 [Member] | US Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 1 [Member] | State, County and Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value			2,447
Level 1 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 1 [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value		182,461
Level 1 [Member] | Mortgage Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 1 [Member] | IRLCs and forward contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 1 [Member] | Derivative Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring liabilities at fair value
Level 1 [Member] | Collateralized Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value		1,480
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	617,746	368,752	375,901
Recurring liabilities at fair value	1,142	370	916
Level 2 [Member] | US Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	14,445	13,926	14,335
Level 2 [Member] | State, County and Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	145,780	112,754	110,312
Level 2 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	8,958	8,325	8,090
Level 2 [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	364,447	165,289	178,984
Level 2 [Member] | Mortgage Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	81,491	67,278	62,580
Level 2 [Member] | IRLCs and forward contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	2,625	1,180	1,600
Level 2 [Member] | Derivative Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring liabilities at fair value	1,142	370	916
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	2,000	2,000	2,000
Recurring liabilities at fair value
Level 3 [Member] | US Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 3 [Member] | State, County and Municipal Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 3 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value	2,000	2,000	2,000
Level 3 [Member] | Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 3 [Member] | Mortgage Loans Held for Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 3 [Member] | IRLCs and forward contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring assets at fair value
Level 3 [Member] | Derivative Financial Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring liabilities at fair value

XML

Other Borrowings - Summary of Other Borrowings (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2014
Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Federal Home Loan Bank daily credit effective rate	0.36%
Revolving Credit Facility [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Interest rate description	90-day LIBOR plus 4.00% (4.23% at June 30, 2014)
Interest rate, margin to be added	4.00%
90-day LIBOR interest rate at period end	4.23%
Maturity period of Federal Home Loan Bank advances	2016-08
Correspondent Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Correspondent bank advances effective rate	4.50%
Maturity period of advances	Nov. 27, 2017
Subordinated Debt One [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Interest rate description	90-day LIBOR plus 1.60% (1.84% at June 30, 2014)
Interest rate, margin to be added	1.60%
90-day LIBOR interest rate at period end	1.84%
Maturity period of Federal Home Loan Bank advances	2014-06
Subordinated Debt Two [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Interest rate description	90-day LIBOR plus 1.75% (1.98% at June 30, 2014)
Interest rate, margin to be added	1.75%
90-day LIBOR interest rate at period end	1.98%
Maturity period of Federal Home Loan Bank advances	2014-06
Fixed Rate Advance One [Member] | Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Federal Home Loan Bank daily credit effective rate	0.20%
Maturity period of advances	Jul. 02, 2014
Fixed Rate Advance Two [Member] | Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Federal Home Loan Bank Advances effective rate	0.21%
Maturity period of advances	Jul. 16, 2014
Fixed Rate Advance Three [Member] | Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Federal Home Loan Bank Advances effective rate	0.19%
Maturity period of advances	Jul. 23, 2014
Fixed Rate Advance Four [Member] | Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank Borrowings By Year Of Maturity And Applicable Interest Rate [Line Items]
Federal Home Loan Bank Advances effective rate	0.17%
Maturity period of advances	Jan. 24, 2014

XML

Assets Acquired in FDIC-Assisted Acquisitions - Loan-by-Loan Basis Performance of Fair Value Adjustments (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Business Combinations [Abstract]
Adjustments needed where the Company's initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan)	$ 5,850	$ 39,278	$ 51,003
Adjustments needed where the Company's initial estimate of cash flows were overstated: (recorded through a provision for loan losses)	2,965	3,950	7,695
Adjustments needed where the Company's initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan)	1,170	2,942	10,201
Adjustments needed where the Company's initial estimate of cash flows were overstated: (recorded through a provision for loan losses)	$ 593	$ 790	$ 1,539

XML

OTHER BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Summary of Other Borrowings

Details of other borrowings, including contractual interest rates and maturity dates are included in the following table:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36%	$	40,000	$	—	$	—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.20%, due July 2, 2014		5,000		—		—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.21%, due July 16, 2014		5,000		—		—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.19%, due July 23, 2014		3,000		—		—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014		—		165,000		—
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.23% at June 30, 2014) due in August 2016, secured by subsidiary bank stock		22,500		10,000		—
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable		4,936		—		—
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at June 30, 2014)		5,000		5,000		—
Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.98% at June 30, 2014)		14,857		14,572		—
Total	$	100,293	$	194,572	$	—

XML

Loans - Summary of Impaired Financial Receivables Excluding Purchased Non-Covered and Covered Loans (Detail) (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings not included above	$ 21,100,000	$ 20,600,000	$ 20,900,000
Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	22,111,000	31,811,000	29,203,000
Troubled debt restructurings not included above	17,337,000	18,015,000	17,214,000
Total impaired loans	39,448,000	49,826,000	46,417,000
Impaired loans not requiring a related allowance
Impaired loans requiring a related allowance	39,448,000	49,826,000	46,417,000
Allowance related to impaired loans	3,619,000	5,072,000	3,871,000
Average investment in impaired loans	43,814,000	54,481,000	51,721,000
Interest income recognized on impaired loans	42,000	451,000	522,000
Foregone interest income on impaired loans	$ 23,000	$ 172,000	$ 418,000

XML

Loans - Schedule of Accounts Notes Loans and Financial Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	$ 1,770,059	$ 1,618,454	$ 1,555,827
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	304,588	244,373	208,424
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	149,346	146,371	134,607
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	850,000	808,323	788,654
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	422,731	366,882	357,685
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	31,902	34,249	36,923
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and deferred loan fees receivables	$ 11,492	$ 18,256	$ 29,534

XML

Other Borrowings - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Debt Disclosure [Abstract]
Outstanding borrowings	$ 100,293	$ 194,572	$ 0

XML

Investment Securities - Amortized Cost and Estimated Fair Value of Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	$ 530,456	$ 488,838	$ 312,476
Gross Unrealized Gains	8,855	4,891	7,843
Gross Unrealized Losses	(3,681)	(7,494)	(4,151)
Estimated Fair Value	535,630	486,235	316,168
US Government Agencies [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	14,950	14,947	14,944
Gross Unrealized Gains
Gross Unrealized Losses	(505)	(1,021)	(609)
Estimated Fair Value	14,445	13,926	14,335
State, County and Municipal Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	143,507	112,659	109,793
Gross Unrealized Gains	3,136	2,269	3,708
Gross Unrealized Losses	(863)	(2,174)	(742)
Estimated Fair Value	145,780	112,754	112,759
Corporate Debt Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	10,805	10,311	10,543
Gross Unrealized Gains	284	275	311
Gross Unrealized Losses	(131)	(261)	(764)
Estimated Fair Value	10,958	10,325	10,090
Mortgage-Backed Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	361,194	349,441	177,196
Gross Unrealized Gains	5,435	2,347	3,824
Gross Unrealized Losses	(2,182)	(4,038)	(2,036)
Estimated Fair Value	364,447	347,750	178,984
Collateralized Debt Obligations [Member]
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost		1,480
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value		$ 1,480

XML

Loans - Summary of Impaired Financial Receivables (Summary of Purchased Non-Covered Impaired Loans) (Detail) (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings not included above	$ 21,100,000	$ 20,600,000	$ 20,900,000
Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	15,770,000		6,659,000
Troubled debt restructurings not included above
Total impaired loans	15,770,000		6,659,000
Impaired loans not requiring a related allowance	15,770,000		6,659,000
Impaired loans requiring a related allowance
Allowance related to impaired loans
Average investment in impaired loans	12,582,000		128,000
Interest income recognized on impaired loans	16,000
Foregone interest income on impaired loans	$ 158,000

XML

Loans - Schedule of Allowances for Loan Losses by Portfolio Segment (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 22,377	$ 23,593	$ 23,593
Provision for loan losses	2,498	6,298	9,947
Loans charged off	(3,579)	(6,236)	(13,284)
Recoveries of loans previously charged off	958	562	2,121
Ending balance	22,254	24,217	22,377
Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	3,445	4,545	3,585
Loans collectively evaluated for impairment	18,809	19,672	18,792
Ending balance	22,254	24,217	22,377
Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	32,522	38,811	39,203
Collectively evaluated for impairment	1,737,537	1,517,016	1,579,251
Ending balance	1,770,059	1,555,827	1,618,454
Commercial, Financial and Agricultural [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,823	2,439	2,439
Provision for loan losses	1,087	1,118	711
Loans charged off	(908)	(734)	(1,759)
Recoveries of loans previously charged off	183	128	432
Ending balance	2,185	2,951	1,823
Commercial, Financial and Agricultural [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	282	876	356
Loans collectively evaluated for impairment	1,903	2,075	1,467
Ending balance	2,185	2,951	1,823
Commercial, Financial and Agricultural [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	855	3,705	3,457
Collectively evaluated for impairment	303,733	204,719	240,916
Ending balance	304,588	208,424	244,373
Real Estate - Construction and Development [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	5,538	5,343	5,343
Provision for loan losses	(89)	1,526	1,742
Loans charged off	(222)	(1,231)	(2,020)
Recoveries of loans previously charged off	204	4	473
Ending balance	5,431	5,642	5,538
Real Estate - Construction and Development [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	710	467	407
Loans collectively evaluated for impairment	4,721	5,175	5,131
Ending balance	5,431	5,642	5,538
Real Estate - Construction and Development [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	3,264	3,935	3,581
Collectively evaluated for impairment	146,082	130,672	142,790
Ending balance	149,346	134,607	146,371
Real Estate - Commercial and Farmland [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	8,393	9,157	9,157
Provision for loan losses	1,074	1,420	2,777
Loans charged off	(1,302)	(1,793)	(3,571)
Recoveries of loans previously charged off	152	13	30
Ending balance	8,317	8,797	8,393
Real Estate - Commercial and Farmland [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	1,652	1,629	1,427
Loans collectively evaluated for impairment	6,665	7,168	6,966
Ending balance	8,317	8,797	8,393
Real Estate - Commercial and Farmland [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	16,865	15,842	15,240
Collectively evaluated for impairment	833,135	772,812	793,083
Ending balance	850,000	788,654	808,323
Real Estate - Residential [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	6,034	5,898	5,898
Provision for loan losses	(66)	2,340	4,463
Loans charged off	(933)	(2,107)	(5,215)
Recoveries of loans previously charged off	131	229	888
Ending balance	5,166	6,360	6,034
Real Estate - Residential [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment	801	1,573	1,395
Loans collectively evaluated for impairment	4,365	4,787	4,639
Ending balance	5,166	6,360	6,034
Real Estate - Residential [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	11,538	15,329	16,925
Collectively evaluated for impairment	411,193	342,356	349,957
Ending balance	422,731	357,685	366,882
Consumer Installment Loans and Other [Member] | Loans Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	589	756	756
Provision for loan losses	492	(106)	254
Loans charged off	(214)	(371)	(719)
Recoveries of loans previously charged off	288	188	298
Ending balance	1,155	467	589
Consumer Installment Loans and Other [Member] | Period-End Amount Allocated to [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment	1,155	467	589
Ending balance	1,155	467	589
Consumer Installment Loans and Other [Member] | Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment	43,394	66,457	52,505
Ending balance	$ 43,394	$ 66,457	$ 52,505

XML

Loans - Summary of Troubled Debt Restructurings, Excluding Purchased Non-Covered and Covered Loans, by Concessions Made Types (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,100	$ 20,900	$ 20,600
Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	17,337	17,214	18,015
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	86	72	61
Troubled debt restructuring loans	17,337	17,214	18,015
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	12	10	9
Troubled debt restructuring loans	2,145	2,170	2,168
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Forgiveness of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	3	3
Troubled debt restructuring loans	2,448	1,467	1,493
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Payment Modification Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1	2
Troubled debt restructuring loans		280	373
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	14	14	12
Troubled debt restructuring loans	6,842	7,069	6,924
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	38	26	18
Troubled debt restructuring loans	3,204	3,252	4,724
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	17	18	17
Troubled debt restructuring loans	2,698	2,976	2,333
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	22	20	9
Troubled debt restructuring loans	3,743	3,683	2,568
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		2	2
Troubled debt restructuring loans		97	105
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Forgiveness of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1	1
Troubled debt restructuring loans		145	145
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Payment Modification Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1
Troubled debt restructuring loans		88
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	3	2
Troubled debt restructuring loans	1,176	913	496
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	14	12	1
Troubled debt restructuring loans	2,522	2,411	222
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2		2
Troubled debt restructuring loans	16		1,571
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Payment Modification [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	$ 29	$ 29	$ 29

XML

Loans - Summary of Excluding Purchased Non-Covered and Covered Past Due Financial Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	$ 8,400		$ 20,700
Total Loans	1,770,059	1,618,454	1,555,827
Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	15,895	21,890	13,646
Loans 60-89 Days Past Due	7,127	3,661	7,617
Loans 90 or More Days Past Due	19,437	27,659	27,057
Total Loans Past Due	42,459	53,210	48,320
Current Loans	1,727,600	1,565,244	1,507,507
Total Loans	1,770,059	1,618,454	1,555,827
Loans 90 Days or More Past Due and Still Accruing
Commercial, Financial and Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	304,588	244,373	208,424
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	1,180	10,893	1,449
Loans 60-89 Days Past Due	966	272	502
Loans 90 or More Days Past Due	1,077	4,081	4,013
Total Loans Past Due	3,223	15,246	5,964
Current Loans	301,365	229,127	202,460
Total Loans	304,588	244,373	208,424
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Construction and Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	149,346	146,371	134,607
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	3,942	1,026	1,638
Loans 60-89 Days Past Due	296	69	104
Loans 90 or More Days Past Due	3,449	3,935	5,418
Total Loans Past Due	7,687	5,030	7,160
Current Loans	141,659	141,341	127,447
Total Loans	149,346	146,371	134,607
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Commercial and Farmland [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	850,000	808,323	788,654
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	4,622	3,981	5,392
Loans 60-89 Days Past Due	1,860	1,388	1,580
Loans 90 or More Days Past Due	7,404	7,751	5,333
Total Loans Past Due	13,886	13,120	12,305
Current Loans	836,114	795,203	776,349
Total Loans	850,000	808,323	788,654
Loans 90 Days or More Past Due and Still Accruing
Real Estate - Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	422,731	366,882	357,685
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	5,806	5,422	4,735
Loans 60-89 Days Past Due	3,829	1,735	5,256
Loans 90 or More Days Past Due	7,197	11,587	11,745
Total Loans Past Due	16,832	18,744	21,736
Current Loans	405,899	348,138	335,949
Total Loans	422,731	366,882	357,685
Loans 90 Days or More Past Due and Still Accruing
Consumer Installment Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	31,902	34,249	36,923
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans 30-59 Days Past Due	345	568	432
Loans 60-89 Days Past Due	176	197	175
Loans 90 or More Days Past Due	310	305	548
Total Loans Past Due	831	1,070	1,155
Current Loans	31,071	33,179	35,768
Total Loans	31,902	34,249	36,923
Loans 90 Days or More Past Due and Still Accruing
Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Loans	11,492	18,256	29,534
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	11,492	18,256	29,534
Total Loans	11,492	18,256	29,534
Loans 90 Days or More Past Due and Still Accruing

XML

BUSINESS COMBINATIONS

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

BUSINESS COMBINATIONS

NOTE 2 – BUSINESS COMBINATIONS

On June 30, 2014, the Company completed its acquisition of The Coastal Bankshares, Inc. (“Coastal”), a bank holding company headquartered in Savannah, Georgia. Upon consummation of the acquisition, Coastal was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, Coastal’s wholly owned banking subsidiary, The Coastal Bank, was also merged with and into the Bank. The acquisition grew the Company’s existing market presence, as Coastal Bank had a total of six banking locations in Chatham, Liberty and Effingham Counties, Georgia. Coastal’s common shareholders received 0.4671 of a share of the Company’s common stock in exchange for each share of Coastal’s common stock. As a result, the Company issued 1,598,987 common shares at a fair value of $34.5 million and paid $2.8 million cash in exchange for outstanding warrants.

The acquisition of Coastal was accounted for using the purchase method of accounting in accordance with FASB ASC 805, Business Combinations. Assets acquired, liabilities assumed and consideration exchanged were recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values becomes available. Management continues to evaluate fair value adjustments related to loans, other real estate owned and deferred tax assets. Management is in the process of estimating the deferred tax assets resulting from differences in the carrying values of acquired assets and assumed liabilities for financial reporting purposes and their basis for income tax purposes. This estimate will also reflect acquired net operating loss carryforwards and other acquired assets with built-in losses that are expected to be settled or otherwise recovered in future periods where the realization of such benefits would be subject to section 382 limitations. Accordingly, as of the date of acquisition, the Company has not established a deferred tax asset, as management is still performing its assessment of the realization of the benefits from the settlement or recovery of certain of these acquired assets and net operating losses are expected to be subject to section 382 limitations.

The following table presents the assets acquired and liabilities of Coastal assumed as of June 30, 2014 and their initial fair value estimates. The fair value adjustments shown in the following table continue to be evaluated by management and may be subject to further adjustment:

(Dollars in Thousands)	As Recorded by Coastal			Fair Value Adjustments			As Recorded by Ameris
Assets
Cash and cash equivalents	$	3,895		$	—		$	3,895
Federal funds sold and interest-bearing balances		15,923			—			15,923
Investment securities		67,266			(500	)(a)		66,766
Other investments		975			—			975
Mortgage loans held for sale		7,288			—			7,288
Loans		296,141			(16,700	)(b)		279,441
Less allowance for loan losses		(3,218	)		3,218	(c)		—
Loans, net		292,923			(13,482	)		279,441
Other real estate owned		14,992			(3,528	)(d)		11,464
Premises and equipment		11,882			—			11,882
Intangible assets		507			4,266	(e)		4,773
Other assets		22,710			—			22,710
Total assets	$	438,361		$	(13,244	)	$	425,117
Liabilities
Deposits:
Noninterest-bearing	$	80,012		$	—		$	80,012
Interest-bearing		289,012			—			289,012
Total deposits		369,024			—			369,024
Federal funds purchased and securities sold under agreements to repurchase		5,428			—			5,428
Other borrowings		22,005			—			22,005
Other liabilities		6,192			—			6,192
Subordinated deferrable interest debentures		15,465			(6,413	)(f)		9,052
Total liabilities		418,114			(6,413	)		411,701
Net identifiable assets acquired over (under) liabilities assumed		20,247			(6,831	)		13,416
Goodwill		—			23,854			23,854
Net assets acquired over (under) liabilities assumed	$	20,247		$	17,023		$	37,270
Consideration:
Ameris Bancorp common shares issued		1,598,987
Purchase price per share of the Company’s common stock	$	21.56
Company common stock issued		34,474
Cash exchanged for shares		2,796
Fair value of total consideration transferred	$	37,270

Explanation of fair value adjustments

(a) Adjustment reflects the fair value adjustments of the available for sale portfolio as of the acquisition date.

(b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio.

(c) Adjustment reflects the elimination of Coastal’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 recording of core deposit intangible on the acquired core deposit accounts.

(f) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.

On December 23, 2013, the Company completed its acquisition of The Prosperity Banking Company (“Prosperity”), a bank holding company headquartered in Saint Augustine, Florida. Upon consummation of the acquisition, Prosperity was merged with and into the Company, with Ameris as the surviving entity in the merger. At that time, Prosperity’s wholly owned banking subsidiary, Prosperity Bank, was also merged with and into the Bank. Prosperity Bank had a total of 12 banking locations, with the majority of the franchise concentrated in northeast Florida. Prosperity’s common shareholders were entitled to elect to receive either 3.125 shares of the Company’s common stock or $41.50 in cash in exchange for each share of Prosperity’s voting common stock. As a result of Prosperity shareholders’ elections, the Company issued 1,168,918 common shares at a fair value of $24.6 million.

The acquisition of Prosperity was accounted for using the purchase method of accounting in accordance with FASB ASC 805, Business Combinations. Assets acquired, liabilities assumed and consideration exchanged were recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities is a complicated process involving significant judgment regarding methods and assumptions used to calculate estimated fair values. Fair values are preliminary and subject to refinement for up to one year after the closing date of the acquisition as additional information regarding the closing date fair values becomes available.

The following table presents the assets acquired and liabilities of Prosperity assumed as of December 23, 2013 and their initial fair value estimates:

(Dollars in Thousands)	As Recorded by Prosperity			Fair Value Adjustments			As Recorded by Ameris
Assets
Cash and cash equivalents	$	4,285		$	—		$	4,285
Federal funds sold and interest-bearing balances		21,687			—			21,687
Investment securities		151,863			411	(a)		152,274
Other investments		8,727			—			8,727
Loans		487,358			(37,662	)(b)		449,696
Less allowance for loan losses		(6,811	)		6,811	(c)		—
Loans, net		480,547			(30,851	)		449,696
Other real estate owned		6,883			(1,260	)(d)		5,623
Premises and equipment		36,293			—			36,293
Intangible assets		174			4,383	(e)		4,557
Other assets		26,600			1,192	(f)		27,792
Total assets	$	737,059		$	(26,125	)	$	710,934
Liabilities
Deposits:
Noninterest-bearing	$	149,242		$	—		$	149,242
Interest-bearing		324,441			—			324,441
Total deposits		473,683			—			473,683
Federal funds purchased and securities sold under agreements to repurchase		21,530			—			21,530
Other borrowings		185,000			12,313	(g)		197,313
Other liabilities		14,058			455	(h)		14,513
Subordinated deferrable interest debentures		29,500			(16,303	)(i)		13,197
Total liabilities		723,771			(3,535	)		720,236
Net identifiable assets acquired over (under) liabilities assumed		13,288			(22,590	)		(9,302	)
Goodwill		—			34,093			34,093
Net assets acquired over (under) liabilities assumed	$	13,288		$	11,503		$	24,791
Consideration:
Ameris Bancorp common shares issued		1,168,918
Purchase price per share of the Company’s common stock	$	21.07
Company common stock issued		24,629
Cash exchanged for shares		162
Fair value of total consideration transferred	$	24,791

Explanation of fair value adjustments

(a) Adjustment reflects the fair value adjustments of the available for sale portfolio as of the acquisition date.

(b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio.

(c) Adjustment reflects the elimination of Prosperity’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 recording of core deposit intangible on the acquired core deposit accounts.

(f) Adjustment reflects the adjustment to write-off the non-realizable portion of Prosperity’s deferred tax asset of ($6.644 million), to record the deferred tax asset generated by purchase accounting adjustments of $8.435 million and to record the fair value adjustment of other assets of ($0.599 million) at the acquisition date.

(g) Adjustment reflects the fair value adjustment (premium) to the FHLB borrowings of $12.741 million and the fair value adjustment to the subordinated debt of $0.428 million.

(h) Adjustment reflects the fair value adjustment of other liabilities at the acquisition date.

(i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.

On the dates of acquisition, the Company estimated the future cash flows on each individual loan and made the necessary adjustments to reflect the asset at fair value. At each quarter end subsequent to the acquisition dates, the Company revises the estimates of future cash flows based on current information and makes the necessary adjustments to carrying value. The adjustments are performed on a loan-by-loan basis. No adjustments have been made for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013.

A rollforward of purchased non-covered loans with deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013		June 30, 2013
Balance, January 1	$	67,165		$	—	$	—
Charge-offs, net of recoveries		(2,218	)		—		—
Additions due to acquisitions		29,280			67,165		—
Other (loan payments, transfers, etc.)		(970	)		—		—
Ending balance	$	93,257		$	67,165	$	—

A rollforward of purchased non-covered loans without deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	381,588		$	—		$	—
Additions due to acquisitions		249,520			382,531			—
Loan payments, transfers, etc.		(22,234	)		(943	)		—
Ending balance	$	608,874		$	381,588		$	—

The following is a summary of changes in the accretable discounts of purchased non-covered loans during the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013:

(Dollars in Thousands)	June 30, 2014			December 31, 2013		June 30, 2013
Balance, January 1	$	26,189		$	—	$	—
Additions due to acquisitions		7,799			26,189		—
Accretion		(3,153	)		—		—
Other activity, net		1,486			—		—
Ending balance	$	32,321		$	26,189	$	—

XML

Loans - Summary of Troubled Debt Restructurings, Excluding Purchased Non-Covered and Covered Loans, by Collateral Types (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,100	$ 20,900	$ 20,600
Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	17,337	17,214	18,015
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	86	72	61
Troubled debt restructuring loans	17,337	17,214	18,015
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Warehouse [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	4	2
Troubled debt restructuring loans	1,385	1,346	345
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	11	3
Troubled debt restructuring loans	1,279	2,345	1,354
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Agricultural Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2		1
Troubled debt restructuring loans	374		66
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Hotel & Motel [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	3	3
Troubled debt restructuring loans	2,101	2,185	2,233
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Office [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	4	4
Troubled debt restructuring loans	1,644	1,909	2,085
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	4	6
Troubled debt restructuring loans	1,722	1,095	2,800
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	46	36	34
Troubled debt restructuring loans	8,144	7,747	8,061
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Church [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Troubled debt restructuring loans	364
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Life Insurance Policy [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1	1
Troubled debt restructuring loans		250	249
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	15	8	5
Troubled debt restructuring loans	84	92	522
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Unsecured [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	2
Troubled debt restructuring loans	240	245	300
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	22	20	9
Troubled debt restructuring loans	3,743	3,683	2,568
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Warehouse [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	2	2
Troubled debt restructuring loans	469	592	1,493
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2	1
Troubled debt restructuring loans	29	32	29
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	2
Troubled debt restructuring loans	1,682	1,680
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	10	9	6
Troubled debt restructuring loans	1,063	852	1,046
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	7	4
Troubled debt restructuring loans	500	479
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Unsecured [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1
Troubled debt restructuring loans		$ 48

XML

Loans - Additional Information (Detail) (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchased non-covered loans	$ 702,100,000	$ 0	$ 448,800,000
Covered loans acquired in FDIC-assisted transactions	331,300,000	443,500,000	390,200,000
Modified loans	8,400,000	20,700,000
Troubled debt restructurings	21,100,000	20,600,000	20,900,000
Troubled debt restructurings, previous charge-offs	3,000,000	2,000,000	2,100,000
Allowance for loan losses allocated to troubled debt restructurings	398,000	482,000	432,000
Commitments to lend additional funds	0
Troubled debt restructuring, amount defaulted	130,218
Troubled debt restructurings, provision for loan loss expense	593,000	790,000	1,500,000
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	100,000
Loan-to-value ratio	110.00%
Minimum [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 200,000

XML

SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Schedule of Financial Information with Respect to Company's Reportable Business Segments

The following tables present selected financial information with respect to the Company’s reportable business segments for the three- month periods ended June 30, 2014 and 2013:

	Three Months Ended June 30, 2014						Three Months Ended June 30, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	33,925	$	1,339	$	35,264	$	28,517	$	959	$	29,476
Provision for loan losses		1,365		—		1,365		4,165		—		4,165
Noninterest income		8,817		7,002		15,819		6,383		5,001		11,384
Noninterest expense:
Salaries and employee benefits		13,005		3,937		16,942		10,478		2,903		13,381
Equipment and occupancy expenses		3,771		300		4,071		2,781		197		2,978
Data processing and telecommunications expenses		3,597		343		3,940		2,634		202		2,836
Other expenses		11,053		1,312		12,365		6,444		1,049		7,493
Total noninterest expense		31,426		5,892		37,318		22,337		4,351		26,688
Income before income tax expense		9,951		2,449		12,400		8,398		1,609		10,007
Income tax expense		3,413		857		4,270		2,766		563		3,329
Net income		6,538		1,592		8,130		5,632		1,046		6,678
Less preferred stock dividends		—		—		—		442		—		442
Net income available to common shareholders	$	6,538	$	1,592	$	8,130	$	5,190	$	1,046	$	6,236
Total assets	$	3,797,850	$	175,285	$	3,973,135	$	2,695,554	$	113,121	$	2,808,675
Stockholders’ equity		345,256		1,857		343,399		286,127		1,650		287,777

The following tables present selected financial information with respect to the Company’s reportable business segments for the six- month periods ended June 30, 2014 and 2013:

	Six Months Ended June 30, 2014						Six Months Ended June 30, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	67,309	$	2,439	$	69,748	$	56,283	$	1,531	$	57,814
Provision for loan losses		3,091		—		3,091		7,088		—		7,088
Noninterest income		16,407		12,166		28,573		13,279		9,465		22,744
Noninterest expense:
Salaries and employee benefits		26,831		7,505		34,336		21,515		5,672		27,187
Equipment and occupancy expenses		7,533		602		8,135		5,546		363		5,909
Data processing and telecommunications expenses		6,929		465		7,394		5,105		301		5,406
Other expenses		18,565		2,127		20,692		15,334		1,736		17,070
Total noninterest expense		59,858		10,699		70,557		47,500		8,072		55,572
Income before income tax expense		20,767		3,906		24,673		14,974		2,924		17,898
Income tax expense		6,826		1,367		8,193		4,912		1,023		5,935
Net income		13,941		2,539		16,480		10,062		1,901		11,963
Less preferred stock dividends		286		—		286		883		—		883
Net income available to common shareholders	$	13,655	$	2,539	$	16,194	$	9,179	$	1,901	$	11,080

XML

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Carrying Amount and Estimated Fair Value of Financial Instruments

The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows:

			Fair Value Measurements at June 30, 2014 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and due from banks	$	80,986	$	80,986	$	—	$	—	$	80,986
Federal funds sold and interest-bearing accounts	$	44,800	$	44,800	$	—	$	—	$	44,800
Loans, net	$	2,745,897	$	—	$	2,754,953	$	—	$	2,754,953
FDIC loss-share receivable	$	49,180	$	—	$	—	$	46,242	$	46,242
Financial liabilities:
Deposits		3,389,035		—		3,389,880		—		3,389,880
Securities sold under agreements to repurchase		51,109		51,109		—		—		51,109
Other borrowings		100,293		—		100,293		—		100,293
Subordinated deferrable interest debentures		64,842		—		45,864		—		45,864

			Fair Value Measurements at December 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and due from banks	$	62,955	$	62,955	$	—	$	—	$	62,995
Federal funds sold and interest-bearing accounts	$	204,984	$	204,984	$	—	$	—	$	204,984
Loans, net	$	2,392,521	$	—	$	2,404,909	$	—	$	2,404,909
FDIC loss-share receivable	$	65,441	$	—	$	—	$	61,317	$	61,317
Financial liabilities:
Deposits		2,999,231		—		3,000,061		—		3,000,061
Securities sold under agreements to repurchase		83,516		83,516		—		—		83,516
Other borrowings		194,572		—		194,572		—		194,572
Subordinated deferrable interest debentures		55,466		—		36,277		—		36,277

			Fair Value Measurements at June 30, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and due from banks	$	50,343	$	50,343	$	—	$	—	$	50,343
Federal funds sold and interest-bearing accounts	$	43,904	$	43,904	$	—	$	—	$	43,904
Loans, net	$	1,930,373	$	—	$	1,956,198	$	—	$	1,956,198
FDIC loss-share receivable	$	105,513	$	—	$	—	$	99,558	$	99,558
Financial liabilities:
Deposits		2,443,103		—		2,444,263		—		2,444,263
Securities sold under agreements to repurchase		19,142		19,412		—		—		19,412
Subordinated Deferrable Interest Debentures		42,269		—		23,231		—		23,231

Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis

The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of June 30, 2014, December 31, 2013 and June 30, 2013 (dollars in thousands):

	Fair Value Measurements on a Recurring Basis As of June 30, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	14,445	$	—	$	14,445	$	—
State, county and municipal securities		145,780		—		145,780		—
Corporate debt securities		10,958		—		8,958		2,000
Mortgage-backed securities		364,447		—		364,447		—
Mortgage loans held for sale		81,491		—		81,491		—
IRLCs and forward contracts		2,625		—		2,625		—
Total recurring assets at fair value	$	619,746	$	—	$	617,746	$	2,000
Derivative financial instruments	$	1,142	$	—	$	1,142	$	—
Total recurring liabilities at fair value	$	1,142	$	—	$	1,142	$	—

	Fair Value Measurements on a Recurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	13,926	$	—	$	13,926	$	—
State, county and municipal securities		112,754		—		112,754		—
Collateralized debt obligations		1,480		1,480		—		—
Corporate debt securities		10,325		—		8,325		2,000
Mortgage-backed securities		347,750		182,461		165,289		—
Mortgage loans held for sale		67,278		—		67,278		—
IRLCs and forward contracts		1,180		—		1,180		—
Total recurring assets at fair value	$	554,693	$	183,941	$	368,752	$	2,000
Derivative financial instruments	$	370	$	—	$	370	$	—
Total recurring liabilities at fair value	$	370	$	—	$	370	$	—
	Fair Value Measurements on a Recurring Basis As of June 30, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	14,335	$	—	$	14,335	$	—
State, county and municipal securities		112,759		2,447		110,312		—
Corporate debt securities		10,090		—		8,090		2,000
Mortgage-backed securities		178,984		—		178,984		—
Mortgage loans held for sale		62,580		—		62,580		—
IRLCs and forward contracts		1,600		—		1,600		—
Total recurring assets at fair value	$	380,348	$	2,447	$	375,901	$	2,000
Derivative financial instruments	$	916	$	—	$	916	$	—
Total recurring liabilities at fair value	$	916	$	—	$	916	$	—

Valuation Methodologies for Instruments Measured at Fair Value on Nonrecurring Basis

The following table is a presentation of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of June 30, 2014, December 31, 2013 and June 30, 2013 (dollars in thousands):

	Fair Value Measurements on a Nonrecurring Basis As of June 30, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	35,829	$	—	$	—	$	35,829
Other real estate owned		35,373		—		—		35,373
Purchased, non-covered other real estate owned		16,598		—		—		16,598
Covered other real estate owned		38,426		—		—		38,426
Total nonrecurring assets at fair value	$	126,226	$	—	$	—	$	126,226

	Fair Value Measurements on a Nonrecurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	42,546	$	—	$	—	$	42,546
Other real estate owned		33,351		—		—		33,351
Purchased, non-covered other real estate owned		4,276		—		—		4,276
Covered other real estate owned		45,893		—		—		45,893
Total nonrecurring assets at fair value	$	126,066	$	—	$	—	$	126,066
	Fair Value Measurements on a Nonrecurring Basis As of June 30, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	44,754	$	—	$	—	$	44,754
Other real estate owned		39,885		—		—		39,885
Covered other real estate owned		62,178		—		—		62,178
Total nonrecurring assets at fair value	$	146,817	$	—	$	—	$	146,817

Summary of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets and Liabilities

The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities.

Measurements	Fair Value at June 30, 2014		Valuation Technique	Unobservable Inputs	Range
(Dollars in Thousands)
Nonrecurring:
Impaired loans	$	35,289	Third party appraisals and discounted cash flows	Collateral discounts and discount rates	4.00% - 75.00%
Other real estate owned	$	35,373	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 74.00%
Purchased non-covered other real estate owned	$	16,598	Third party appraisals	Collateral discounts and estimated costs to sell	21.00% - 70.00%
Covered real estate owned	$	38,426	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 90.00%
Recurring:
Investment securities available for sale	$	2,000	Discounted par values	Credit quality of underlying issuer	0.00%

XML

Loans - Summary of Credit Quality Indicate Financial Receivable (Loan Excluding Purchased Non-Covered and Covered Loans Portfolio) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	$ 1,770,059	$ 1,618,454	$ 1,555,827
Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,770,059	1,618,454	1,555,827
Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	110,842	74,381	44,852
Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	226,652	230,212	241,691
Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	866,356	773,051	708,605
Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	28,429	31,604	29,830
Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	450,363	420,491	443,104
Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	33,360	30,591	29,266
Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	54,047	57,987	57,879
Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	10	137	598
Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade			2
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	304,588	244,373	208,424
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	304,588	244,373	208,424
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	103,726	66,983	37,173
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	24,620	24,789	17,783
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	102,278	93,852	82,636
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	123	127	108
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	65,882	50,373	60,981
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,004	2,111	3,154
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	3,955	6,011	5,991
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade		127	598
Commercial, Financial and Agricultural [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	149,346	146,371	134,607
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	149,346	146,371	134,607
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,678	4,655	4,934
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	48,008	45,195	36,654
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	9,215	8,343	6,878
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	77,973	78,736	75,273
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	2,680	2,876	3,183
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	6,792	6,566	7,685
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	850,000	808,323	788,654
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	850,000	808,323	788,654
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	255	265	298
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	141,846	147,157	154,369
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	460,715	431,790	402,677
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	9,318	10,219	9,575
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	197,381	181,645	189,109
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	12,914	11,849	12,104
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	27,571	25,398	20,522
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	422,731	366,882	357,685
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	422,731	366,882	357,685
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	505	419	498
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	54,388	52,335	63,078
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	226,149	165,339	137,518
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	9,479	12,641	13,104
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	103,846	103,427	110,244
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	13,568	13,558	10,666
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	14,786	19,153	22,577
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	10	10
Real Estate - Residential [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	31,902	34,249	36,923
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	31,902	34,249	36,923
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	6,356	6,714	6,883
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,120	1,276	1,527
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	17,714	18,619	19,586
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	294	274	165
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	5,281	6,310	7,497
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	194	197	159
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	943	859	1,104
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade			2
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	11,492	18,256	29,534
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	11,492	18,256	29,534
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	11,492	18,256	29,534
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Excluding Purchased Non-Covered and Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade

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Loans - Summary of Purchased Non-Covered Loans According to Loan Type (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	$ 22,254	$ 22,377	$ 24,217
Purchased Non-Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	702,131	448,753
Purchased Non-Covered Loans [Member] | Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	41,583	32,141
Purchased Non-Covered Loans [Member] | Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	64,084	31,176
Purchased Non-Covered Loans [Member] | Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	311,748	179,898
Purchased Non-Covered Loans [Member] | Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	278,451	200,851
Purchased Non-Covered Loans [Member] | Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-covered loans	$ 6,265	$ 4,687

XML

Basis of Presentation and Accounting Policies - Additional Information (Detail)	Jun. 30, 2014 Branch
Accounting Policies [Abstract]
Number of branches operated	74

XML

Business Combinations - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	0 Months Ended
	Dec. 23, 2013 Prosperity Bank [Member] Location	Dec. 23, 2013 Prosperity Banking Company [Member]	Jun. 30, 2014 Coastal Bank [Member] Location	Jun. 30, 2014 Coastal Bankshares, Inc. [Member]	Jun. 30, 2014 Coastal Bankshares, Inc. [Member] Warrant [Member]
Business Acquisition [Line Items]
Number of banking locations	12		6
Shares to receive for each share of Prosperity common stock pursuant to the merger agreement		3.125		0.4671
Issuance of common stock, shares		1,168,918		1,598,987
Issuance of common stock, fair value		$ 24.6		$ 34.5
Cash in exchange for outstanding warrants					$ 2.8
Cash to receive for each share of Prosperity common stock pursuant to the merger agreement		$ 41.50

XML

BASIS OF PRESENTATION AND ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND ACCOUNTING POLICIES

NOTE 1 – BASIS OF PRESENTATION AND ACCOUNTING POLICIES

Ameris Bancorp (the “Company” or “Ameris”) is a financial holding company headquartered in Moultrie, Georgia. Ameris conducts substantially all of its operations through its wholly-owned banking subsidiary, Ameris Bank (the “Bank”). At June 30, 2014, the Bank operated 74 branches in select markets in Georgia, Alabama, Florida 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 the Company’s established guidelines and policies, the banker closest to the customer responds to the differing needs and demands of their his or her market.

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 for complete financial statement presentation. The interim consolidated financial statements included herein are unaudited, but reflect all 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 period ended June 30, 2014 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 and the report of our registered independent public accounting firm included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

Newly Issued Accounting Pronouncements

ASU 2014-09 – Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 provides guidance that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective prospectively, for annual and interim periods, beginning after December 15, 2016. The Company is currently evaluating the impact this standard will have on the Company’s results of operations, financial position or disclosures.

ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors (“ASU 2014-04”). ASU 2014-04 clarifies when a creditor should reclassify mortgage loans collateralized by residential real estate from loans to other real estate owned. It defines when an
in-substance repossession or foreclosure has occurred and when a creditor is considered to have received physical possession of residential real estate collateralizing a mortgage loan. ASU 2014-04 is effective for fiscal years beginning after December 31, 2014, and early adoption is permitted. It can be applied either prospectively or using a modified retrospective transition method. The Company is evaluating the impact this standard may have on the Company’s results of operations, financial position or disclosures.

ASU 2013-11 - Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, if a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of these revisions did not have a material impact on the Company’s results of operations, financial position or disclosures.

XML

Business Combinations - Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) (USD $) In Thousands, except Share data, unless otherwise specified				0 Months Ended			0 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Jun. 30, 2014 Coastal Bankshares, Inc. [Member]	Jun. 30, 2014 Coastal Bankshares, Inc. [Member] As Recorded by Acquired Bank [Member]	Jun. 30, 2014 Coastal Bankshares, Inc. [Member] Fair Value Adjustments [Member]	Dec. 23, 2013 Prosperity Banking Company [Member]	Dec. 23, 2013 Prosperity Banking Company [Member] As Recorded by Acquired Bank [Member]	Dec. 23, 2013 Prosperity Banking Company [Member] Fair Value Adjustments [Member]
Assets
Cash and cash equivalents				$ 3,895	$ 3,895		$ 4,285	$ 4,285
Federal funds sold and interest-bearing balances				15,923	15,923		21,687	21,687
Investment securities				66,766	67,266	(500)	152,274	151,863	411
Other investments				975	975		8,727	8,727
Mortgage loans held for sale				7,288	7,288
Loans				279,441	296,141	(16,700)	449,696	487,358	(37,662)
Less allowance for loan losses					(3,218)	3,218		(6,811)	6,811
Loans, net				279,441	292,923	(13,482)	449,696	480,547	(30,851)
Other real estate owned				11,464	14,992	(3,528)	5,623	6,883	(1,260)
Premises and equipment				11,882	11,882		36,293	36,293
Intangible assets				4,773	507	4,266	4,557	174	4,383
Other assets				22,710	22,710		27,792	26,600	1,192
Total assets				425,117	438,361	(13,244)	710,934	737,059	(26,125)
Deposits:
Noninterest-bearing				80,012	80,012		149,242	149,242
Interest-bearing				289,012	289,012		324,441	324,441
Total deposits				369,024	369,024		473,683	473,683
Federal funds purchased and securities sold under agreements to repurchase				5,428	5,428		21,530	21,530
Other borrowings				22,005	22,005		197,313	185,000	12,313
Other liabilities				6,192	6,192		14,513	14,058	455
Subordinated deferrable interest debentures				9,052	15,465	(6,413)	13,197	29,500	(16,303)
Total liabilities				411,701	418,114	(6,413)	720,236	723,771	(3,535)
Net identifiable assets acquired over (under) liabilities assumed				13,416	20,247	(6,831)	(9,302)	13,288	(22,590)
Goodwill	58,903	35,049	956	23,854		23,854	34,093		34,093
Net assets acquired over (under) liabilities assumed				37,270	20,247	17,023	24,791	13,288	11,503
Consideration:
Ameris Bancorp common shares issued				1,598,987	1,598,987		1,168,918	1,168,918
Purchase price per share of the Company's common stock					$ 21.56			$ 21.07
Company common stock issued					34,474			24,629
Cash exchanged for shares					2,796			162
Fair value of total consideration transferred					$ 37,270			$ 24,791

XML

Fair Value of Financial Instruments - Summary of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets and Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	$ 126,226	$ 126,066	$ 146,817
Investment securities available for sale, Recurring	619,746	554,693	380,348
Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	35,373	33,351	39,885
Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	38,426	45,893	62,178
Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	16,598	4,276
Level 3 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	126,226	126,066	146,817
Investment securities available for sale, Recurring	2,000	2,000	2,000
Level 3 [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation Technique	Third party appraisals and discounted cash flows
Level 3 [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	35,373	33,351	39,885
Valuation Technique	Third party appraisals
Level 3 [Member] | Purchased Non-Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation Technique	Third party appraisals
Level 3 [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	38,426	45,893	62,178
Valuation Technique	Third party appraisals
Level 3 [Member] | Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	16,598	4,276
Level 3 [Member] | Fair Value Measurement, Recurring [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investment securities available for sale, Recurring	2,000
Valuation Technique	Discounted par values
Level 3 [Member] | Fair Value Measurement, Nonrecurring [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	35,289
Level 3 [Member] | Fair Value Measurement, Nonrecurring [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	35,373
Level 3 [Member] | Fair Value Measurement, Nonrecurring [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	38,426
Level 3 [Member] | Fair Value Measurement, Nonrecurring [Member] | Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value Disclosure, Nonrecurring	$ 16,598
Level 3 [Member] | Minimum [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	4.00%
Level 3 [Member] | Minimum [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	10.00%
Level 3 [Member] | Minimum [Member] | Purchased Non-Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	21.00%
Level 3 [Member] | Minimum [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	10.00%
Level 3 [Member] | Minimum [Member] | Fair Value Measurement, Recurring [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	0.00%
Level 3 [Member] | Maximum [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	7500.00%
Level 3 [Member] | Maximum [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	7400.00%
Level 3 [Member] | Maximum [Member] | Purchased Non-Covered Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	7000.00%
Level 3 [Member] | Maximum [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	9000.00%
Level 3 [Member] | Maximum [Member] | Fair Value Measurement, Recurring [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs discount rate range	0.00%

XML

Investment Securities - Schedule of Gross Unrealized Losses and Fair Value of Securities (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	$ 29,195	$ 156,316	$ 118,634
12 Months or More, Estimated Fair Value	99,632	32,008	5,755
Total Estimated Fair Value	128,827	188,324	124,389
Less Than 12 Months, Unrealized Losses	(100)	(5,396)	(3,371)
12 Months or More, Unrealized Losses	(3,581)	(2,098)	(780)
Total Unrealized Losses	(3,681)	(7,494)	(4,151)
US Government Agencies [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value		13,926	14,335
12 Months or More, Estimated Fair Value	14,445
Total Estimated Fair Value	14,445	13,926	14,335
Less Than 12 Months, Unrealized Losses		(1,021)	(609)
12 Months or More, Unrealized Losses	(505)
Total Unrealized Losses	(505)	(1,021)	(609)
State, County and Municipal Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	4,088	47,401	36,268
12 Months or More, Estimated Fair Value	29,203	3,794	497
Total Estimated Fair Value	33,291	51,195	36,765
Less Than 12 Months, Unrealized Losses	(35)	(1,882)	(726)
12 Months or More, Unrealized Losses	(828)	(292)	(16)
Total Unrealized Losses	(863)	(2,174)	(742)
Corporate Debt Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value
12 Months or More, Estimated Fair Value	4,945	4,826	4,333
Total Estimated Fair Value	4,945	4,826	4,333
Less Than 12 Months, Unrealized Losses
12 Months or More, Unrealized Losses	(131)	(261)	(764)
Total Unrealized Losses	(131)	(261)	(764)
Mortgage-Backed Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value	25,107	94,989	68,031
12 Months or More, Estimated Fair Value	51,039	23,388	925
Total Estimated Fair Value	76,146	118,377	68,956
Less Than 12 Months, Unrealized Losses	(65)	(2,493)	(2,036)
12 Months or More, Unrealized Losses	(2,117)	(1,545)
Total Unrealized Losses	(2,182)	(4,038)	(2,036)
Collateralized Debt Obligations [Member]
Schedule of Available-for-Sale Securities [Line Items]
Less Than 12 Months, Estimated Fair Value
12 Months or More, Estimated Fair Value
Total Estimated Fair Value
Less Than 12 Months, Unrealized Losses
12 Months or More, Unrealized Losses
Total Unrealized Losses

XML

Loans - Analysis of Information Pertaining to Purchased Non-Covered Impaired Loans (Detail) (Purchased Non-Covered Loans [Member], USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	$ 25,710		$ 10,996
Recorded Investment With No Allowance	15,770		6,659
Recorded Investment With Allowance
Total Recorded Investment	15,770		6,659
Related Allowance
Average Recorded Investment	12,582		128
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	550		19
Recorded Investment With No Allowance	143		11
Recorded Investment With Allowance
Total Recorded Investment	143		11
Related Allowance
Average Recorded Investment	90
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	4,649		542
Recorded Investment With No Allowance	2,273		325
Recorded Investment With Allowance
Total Recorded Investment	2,273		325
Related Allowance
Average Recorded Investment	1,243		6
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	9,848		2,673
Recorded Investment With No Allowance	6,647		1,653
Recorded Investment With Allowance
Total Recorded Investment	6,647		1,653
Related Allowance
Average Recorded Investment	5,043		32
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	10,598		7,712
Recorded Investment With No Allowance	6,658		4,658
Recorded Investment With Allowance
Total Recorded Investment	6,658		4,658
Related Allowance
Average Recorded Investment	6,175		90
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	65		20
Recorded Investment With No Allowance	49		12
Recorded Investment With Allowance
Total Recorded Investment	49		12
Related Allowance
Average Recorded Investment	$ 31

XML

Assets Acquired in FDIC-Assisted Acquisitions - Changes in FDIC Share-Loss Receivable (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Business Combinations [Abstract]
Balance, beginning of year	$ 65,441	$ 159,724	$ 159,724
Indemnification asset recorded in acquisitions	0
Payments received from FDIC	(10,576)	(45,604)	(68,822)
Effect of change in expected cash flows on covered assets	(5,685)	(8,607)	(25,461)
Balance, end of year	$ 49,180	$ 105,513	$ 65,441

XML

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Assets
Cash and due from banks	$ 80,986	$ 62,955	$ 50,343
Federal funds sold and interest-bearing accounts	44,800	204,984	43,904
Investment securities available for sale, at fair value	535,630	486,235	316,168
Other investments	10,971	16,828	7,764
Mortgage loans held for sale	81,491	67,278	62,580
Loans, net of unearned income	1,770,059	1,618,454	1,555,827
Purchased loans not covered by FDIC loss share agreements ("purchased non-covered loans")	702,131	448,753
Purchased loans covered by FDIC loss share agreements ("covered loans")	331,250	390,237	443,517
Less: allowance for loan losses related to non-purchased loans	(22,254)	(22,377)	(24,217)
Loans, net	2,781,186	2,435,067	1,975,127
Other real estate owned, net	35,373	33,351	39,885
Purchased, non-covered other real estate owned, net	16,598	4,276
Covered other real estate owned, net	38,426	45,893	62,178
Total other real estate owned, net	90,397	83,520	102,063
Premises and equipment, net	99,495	103,188	70,167
FDIC loss-share receivable	49,180	65,441	105,513
Other intangible assets, net	9,812	6,009	2,318
Goodwill	58,903	35,049	956
Cash value of bank owned life insurance	57,864	49,432	47,495
Other assets	72,420	51,663	24,277
Total assets	3,973,135	3,667,649	2,808,675
Liabilities
Noninterest-bearing	790,798	668,531	475,445
Interest-bearing	2,598,237	2,330,700	1,967,658
Total deposits	3,389,035	2,999,231	2,443,103
Securities sold under agreements to repurchase	51,109	83,516	19,142
Other borrowings	100,293	194,572	0
Other liabilities	24,457	18,165	16,384
Subordinated deferrable interest debentures	64,842	55,466	42,269
Total liabilities	3,629,736	3,350,950	2,520,898
Stockholders' Equity
Preferred stock, stated value $1,000; 5,000,000 shares authorized; 0, 28,000 and 28,000 shares issued and outstanding		28,000	27,845
Common stock, par value $1; 100,000,000 shares authorized; 28,155,317; 26,461,769 and 25,257,669 issued	28,155	26,462	25,258
Capital surplus	223,888	189,722	165,484
Retained earnings	98,847	83,991	76,790
Accumulated other comprehensive income (loss)	4,123	(294)	3,582
Treasury stock, at cost, 1,383,496; 1,363,342 and 1,363,342 shares	(11,614)	(11,182)	(11,182)
Total stockholders' equity	343,399	316,699	287,777
Total liabilities and stockholders' equity	$ 3,973,135	$ 3,667,649	$ 2,808,675

XML

Loans - Summary of Covered Loans According to Loan Type (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	$ 331,250	$ 390,237	$ 443,517
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	25,209	26,550	27,371
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	31,600	43,179	52,972
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	188,643	224,451	255,102
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	85,518	95,173	107,107
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Covered Loans	$ 280	$ 884	$ 965

XML

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) (Retained Earnings [Member], USD $)	Jun. 30, 2014
Retained Earnings [Member]
Cash dividends declared per share	$ 0.05

XML

Loans - Summary of Troubled Debt Restructurings by Loan Class, Excluding Purchased Non-Covered and Covered Loans (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,100	$ 20,900	$ 20,600
Excluding Purchased Non-Covered and Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	17,337	17,214	18,015
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	86	72	61
Troubled debt restructuring loans	17,337	17,214	18,015
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	4	7
Troubled debt restructuring loans	257	515	1,059
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	12	8	7
Troubled debt restructuring loans	2,080	1,896	1,946
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	19	17	16
Troubled debt restructuring loans	7,590	6,913	7,529
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	38	37	30
Troubled debt restructuring loans	7,335	7,818	7,468
Excluding Purchased Non-Covered and Covered Loans [Member] | Accruing Loans [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	14	6	1
Troubled debt restructuring loans	75	72	13
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	22	20	9
Troubled debt restructuring loans	3,743	3,683	2,568
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	3
Troubled debt restructuring loans	465	525
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	2	1
Troubled debt restructuring loans	32	32	29
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	4	2
Troubled debt restructuring loans	2,151	2,273	1,493
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	8	8	6
Troubled debt restructuring loans	1,044	834	1,046
Excluding Purchased Non-Covered and Covered Loans [Member] | Non-Accruing Loans [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	3
Troubled debt restructuring loans	$ 51	$ 19

XML

Business Combinations - Rollforward of Acquired Non-Covered Loans Without Deterioration of Credit Quality (Detail) (USD $) In Thousands, unless otherwise specified					6 Months Ended	12 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2014 Non-Covered Loans [Member]	Dec. 31, 2013 Non-Covered Loans [Member]	Jun. 30, 2014 Non-Covered Loans [Member]	Jun. 30, 2014 Loans without Deterioration of Credit Quality [Member] Non-Covered Loans [Member]	Dec. 31, 2013 Loans without Deterioration of Credit Quality [Member] Non-Covered Loans [Member]
Purchased Non Covered Loans [Line Items]
Balance, beginning of year					$ 26,189		$ 32,321	$ 381,588
Additions due to acquisitions					7,799	26,189		249,520	382,531
Loan payments, transfers, etc.								(22,234)	(943)
Balance, end of year	$ 49,180	$ 65,441	$ 105,513	$ 159,724				$ 608,874	$ 381,588

XML

Loans - Summary of Troubled Debt Restructurings Included in Covered Loans by Types of Concessions Made (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014 Contract	Dec. 31, 2013 Contract	Jun. 30, 2013 Contract	Jun. 30, 2012 Contract
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,100	$ 20,900	$ 20,600
Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	9,221	8,409	10,253
Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	87	76	70	70
Troubled debt restructuring loans	9,221	8,409	10,253	10,253
Covered Loans [Member] | Accruing Loans [Member] | Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts			4
Troubled debt restructuring loans			260
Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	78	68	57
Troubled debt restructuring loans	7,835	7,510	9,051
Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	3	4
Troubled debt restructuring loans	88	88	129
Covered Loans [Member] | Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	6	5	5
Troubled debt restructuring loans	1,298	811	813
Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	12	11	4	4
Troubled debt restructuring loans	597	686	151	151
Covered Loans [Member] | Non-Accruing Loans [Member] | Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1		1
Troubled debt restructuring loans	24		11
Covered Loans [Member] | Non-Accruing Loans [Member] | Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Troubled debt restructuring loans	26
Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction Only [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	6	6	3
Troubled debt restructuring loans	374	457	140
Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Forbearance of Interest [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	4
Troubled debt restructuring loans	45	96
Covered Loans [Member] | Non-Accruing Loans [Member] | Rate Reduction, Forbearance of Principal [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1
Troubled debt restructuring loans	$ 128	$ 133

XML

LOANS (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Accounts Notes Loans and Financial Receivables

Balances within the major loans receivable categories are presented in the following table, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	304,588	$	244,373	$	208,424
Real estate – construction and development		149,346		146,371		134,607
Real estate – commercial and farmland		850,000		808,323		788,654
Real estate – residential		422,731		366,882		357,685
Consumer installment		31,902		34,249		36,923
Other		11,492		18,256		29,534
	$	1,770,059	$	1,618,454	$	1,555,827

Summary of Covered Loans According to Loan Type

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	25,209	$	26,550	$	27,371
Real estate – construction and development		31,600		43,179		52,972
Real estate – commercial and farmland		188,643		224,451		255,102
Real estate – residential		85,518		95,173		107,107
Consumer installment		280		884		965
	$	331,250	$	390,237	$	443,517

Schedule of Allowances for Loan Losses by Portfolio Segment

The following table details activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2014	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Provision for loan losses		1,087			(89	)		1,074			(66	)		492			2,498
Loans charged off		(908	)		(222	)		(1,302	)		(933	)		(214	)		(3,579	)
Recoveries of loans previously charged off		183			204			152			131			288			958
Balance, June 30, 2014	$	2,185		$	5,431		$	8,317		$	5,166		$	1,155		$	22,254
Period-end amount allocated to:
Loans individually evaluated for impairment	$	282		$	710		$	1,652		$	801		$	—		$	3,445
Loans collectively evaluated for impairment		1,903			4,721			6,665			4,365			1,155			18,809
Ending balance	$	2,185		$	5,431		$	8,317		$	5,166		$	1,155		$	22,254
Loans:
Individually evaluated for impairment	$	855		$	3,264		$	16,865		$	11,538		$	—		$	32,522
Collectively evaluated for impairment		303,733			146,082			833,135			411,193			43,394			1,737,537
Ending balance	$	304,588		$	149,346		$	850,000		$	422,731		$	43,394		$	1,770,059
	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		711			1,742			2,777			4,463			254			9,947
Loans charged off		(1,759	)		(2,020	)		(3,571	)		(5,215	)		(719	)		(13,284	)
Recoveries of loans previously charged off		432			473			30			888			298			2,121
Balance, December 31, 2013	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Period-end amount allocated to:
Loans individually evaluated for impairment	$	356		$	407		$	1,427		$	1,395		$	—		$	3,585
Loans collectively evaluated for impairment		1,467			5,131			6,966			4,639			589			18,792
Ending balance	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Loans:
Individually evaluated for impairment	$	3,457		$	3,581		$	15,240		$	16,925		$	—		$	39,203
Collectively evaluated for impairment		240,916			142,790			793,083			349,957			52,505			1,579,251
Ending balance	$	244,373		$	146,371		$	808,323		$	366,882		$	52,505		$	1,618,454

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		1,118			1,526			1,420			2,340			(106	)		6,298
Loans charged off		(734	)		(1,231	)		(1,793	)		(2,107	)		(371	)		(6,236	)
Recoveries of loans previously charged off		128			4			13			229			188			562
Balance, June 30, 2013	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Period-end amount allocated to:
Loans individually evaluated for impairment	$	876		$	467		$	1,629		$	1,573		$	—		$	4,545
Loans collectively evaluated for impairment		2,075			5,175			7,168			4,787			467			19,672
Ending balance	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Loans:
Individually evaluated for impairment	$	3,705		$	3,935		$	15,842		$	15,329		$	—		$	38,811
Collectively evaluated for impairment		204,719			130,672			772,812			342,356			66,457			1,517,016
Ending balance	$	208,424		$	134,607		$	788,654		$	357,685		$	66,457		$	1,555,827

Purchased Non-Covered Loans [Member]

Summary of Purchased Non-Covered Loans According to Loan Type

Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	41,583	$	32,141	$	—
Real estate – construction and development		64,084		31,176		—
Real estate – commercial and farmland		311,748		179,898		—
Real estate – residential		278,451		200,851		—
Consumer installment		6,265		4,687		—
	$	702,131	$	448,753	$	—

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	143	$	11	$	—
Real estate – construction and development		2,273		325		—
Real estate – commercial and farmland		6,647		1,653		—
Real estate – residential		6,658		4,658		—
Consumer installment		49		12		—
	$	15,770	$	6,659	$	—

Summary of Past Due Financial Receivables

The following table presents an aging analysis of purchased non-covered past due loans based on the recorded basis as of June 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of June 30, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	137	$	26	$	143	$	306	$	41,277	$	41,583	$	—
Real estate – construction & development		712		168		2,165		3,045		61,039		64,084		—
Real estate – commercial & farmland		1,263		1,605		6,647		9,515		302,233		311,748		—
Real estate – residential		6,952		983		6,144		14,079		264,372		278,451		—
Consumer installment loans		23		29		47		99		6,166		6,265		—
Total	$	9,087	$	2,811	$	15,146	$	27,044	$	675,087	$	702,131	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	370	$	70	$	11	$	451	$	31,690	$	32,141	$	—
Real estate – construction & development		1,008		89		325		1,422		29,754		31,176		—
Real estate – commercial & farmland		6,851		2,064		1,516		10,431		169,467		179,898		—
Real estate – residential		4,667		1,074		3,428		9,169		191,682		200,851		—
Consumer installment loans		7		17		9		33		4,654		4,687		—
Total	$	12,903	$	3,314	$	5,289	$	21,506	$	427,247	$	448,753	$	—

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to purchased non-covered impaired loans:

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	15,770	$	6,659	$	—
Troubled debt restructurings not included above		—		—		—
Total impaired loans	$	15,770	$	6,659	$	—
Impaired loans not requiring a related allowance	$	15,770	$	6,659	$	—
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	12,582	$	128	$	—
Interest income recognized on impaired loans	$	16	$	—	$	—
Foregone interest income on impaired loans	$	158	$	—	$	—

The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of June 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of June 30, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	550	$	143	$	—	$	143	$	—	$	90
Real estate – construction & development		4,649		2,273		—		2,273		—		1,243
Real estate – commercial & farmland		9,848		6,647		—		6,647		—		5,043
Real estate – residential		10,598		6,658		—		6,658		—		6,175
Consumer installment loans		65		49		—		49		—		31
Total	$	25,710	$	15,770	$	—	$	15,770	$	—	$	12,582
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	19	$	11	$	—	$	11	$	—	$	—
Real estate – construction & development		542		325		—		325		—		6
Real estate – commercial & farmland		2,673		1,653		—		1,653		—		32
Real estate – residential		7,712		4,658		—		4,658		—		90
Consumer installment loans		20		12		—		12		—		—
Total	$	10,996	$	6,659	$	—	$	6,659	$	—	$	128

Summary of Credit Quality Indicate Financial Receivable

The following table presents the purchased non-covered loan portfolio by risk grade as of June 30, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	3,494	$	—	$	—	$	293	$	557	$	—	$	4,344
15		4,728		245		14,191		15,839		537		—		35,540
20		11,567		12,905		94,598		64,937		2,683		—		186,690
23		—		—		—		165		—		—		165
25		18,251		42,127		175,427		178,523		2,343		—		416,671
30		3,162		4,722		16,078		8,326		21		—		32,309
40		381		4,085		11,454		10,368		124		—		26,412
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	41,583	$	64,084	$	311,748	$	278,451	$	6,265	$	—	$	702,131

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	1,865	$	—	$	—	$	289	$	451	$	—	$	2,605
15		4,606		7		12,998		16,160		703		—		34,474
20		5,172		3,960		43,802		34,576		1,383		—		88,893
23		—		—		—		—		—		—		—
25		19,638		20,733		102,260		129,923		1,888		—		274,442
30		576		1,760		9,554		10,878		194		—		22,962
40		284		4,716		11,284		9,025		68		—		25,377
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	32,141	$	31,176	$	179,898	$	200,851	$	4,687	$	—	$	448,753

Excluding Purchased Non-Covered and Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	1,596	$	4,103	$	4,326
Real estate – construction and development		3,452		3,971		5,448
Real estate – commercial and farmland		8,831		8,566		8,963
Real estate – residential		7,795		12,152		12,423
Consumer installment		437		411		651
	$	22,111	$	29,203	$	31,811

Summary of Past Due Financial Receivables

The following table presents an aging analysis of loans, excluding purchased non-covered and covered past due loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	1,180	$	966	$	1,077	$	3,223	$	301,365	$	304,588	$	—
Real estate – construction & development		3,942		296		3,449		7,687		141,659		149,346		—
Real estate – commercial & farmland		4,622		1,860		7,404		13,886		836,114		850,000		—
Real estate – residential		5,806		3,829		7,197		16,832		405,899		422,731		—
Consumer installment loans		345		176		310		831		31,071		31,902		—
Other		—		—		—		—		11,492		11,492		—
Total	$	15,895	$	7,127	$	19,437	$	42,459	$	1,727,600	$	1,770,059	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	10,893	$	272	$	4,081	$	15,246	$	229,127	$	244,373	$	—
Real estate – construction & development		1,026		69		3,935		5,030		141,341		146,371		—
Real estate – commercial & farmland		3,981		1,388		7,751		13,120		795,203		808,323		—
Real estate – residential		5,422		1,735		11,587		18,744		348,138		366,882		—
Consumer installment loans		568		197		305		1,070		33,179		34,249		—
Other		—		—		—		—		18,256		18,256		—
Total	$	21,890	$	3,661	$	27,659	$	53,210	$	1,565,244	$	1,618,454	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	1,449	$	502	$	4,013	$	5,964	$	202,460	$	208,424	$	—
Real estate – construction & development		1,638		104		5,418		7,160		127,447		134,607		—
Real estate – commercial & farmland		5,392		1,580		5,333		12,305		776,349		788,654		—
Real estate – residential		4,735		5,256		11,745		21,736		335,949		357,685		—
Consumer installment loans		432		175		548		1,155		35,768		36,923		—
Other		—		—		—		—		29,534		29,534		—
Total	$	13,646	$	7,617	$	27,057	$	48,320	$	1,507,507	$	1,555,827	$	—

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans:

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	22,111	$	29,203	$	31,811
Troubled debt restructurings not included above		17,337		17,214		18,015
Total impaired loans	$	39,448	$	46,417	$	49,826
Impaired loans not requiring a related allowance	$	—	$	—	$	—
Impaired loans requiring a related allowance	$	39,448	$	46,417	$	49,826
Allowance related to impaired loans	$	3,619	$	3,871	$	5,072
Average investment in impaired loans	$	43,814	$	51,721	$	54,481
Interest income recognized on impaired loans	$	42	$	522	$	451
Foregone interest income on impaired loans	$	23	$	418	$	172

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013.

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	3,398	$	—	$	1,852	$	1,852	$	298	$	3,397
Real estate – construction & development		9,336		—		5,532		5,532		798		5,811
Real estate – commercial & farmland		19,215		—		16,421		16,421		1,629		16,394
Real estate – residential		18,313		—		15,131		15,131		884		17,698
Consumer installment loans		638		—		512		512		10		514
Total	$	50,900	$	—	$	39,448	$	39,448	$	3,619	$	43,814

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	6,240	$	—	$	4,618	$	4,618	$	435	$	4,844
Real estate – construction & development		11,363		—		5,867		5,867		512		8,341
Real estate – commercial & farmland		18,456		—		15,479		15,479		1,443		17,559
Real estate – residential		24,342		—		19,970		19,970		1,472		20,335
Consumer installment loans		623		—		483		483		9		642
Total	$	61,024	$	—	$	46,417	$	46,417	$	3,871	$	51,721
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	7,723	$	—	$	5,384	$	5,384	$	1,018	$	4,960
Real estate – construction & development		15,324		—		7,394		7,394		687		9,894
Real estate – commercial & farmland		19,759		—		16,491		16,491		1,657		18,692
Real estate – residential		23,373		—		19,893		19,893		1,692		20,178
Consumer installment loans		808		—		664		664		18		757
Total	$	66,987	$	—	$	49,826	$	49,826	$	5,072	$	54,481

Summary of Credit Quality Indicate Financial Receivable

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 2014.

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	103,726	$	—	$	255	$	505	$	6,356	$	—	$	110,842
15		24,620		4,678		141,846		54,388		1,120		—		226,652
20		102,278		48,008		460,715		226,149		17,714		11,492		866,356
23		123		9,215		9,318		9,479		294		—		28,429
25		65,882		77,973		197,381		103,846		5,281		—		450,363
30		4,004		2,680		12,914		13,568		194		—		33,360
40		3,955		6,792		27,571		14,786		943		—		54,047
50		—		—		—		10		—		—		10
60		—		—		—		—		—		—		—
Total	$	304,588	$	149,346	$	850,000	$	422,731	$	31,902	$	11,492	$	1,770,059

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2013.

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	66,983	$	—	$	265	$	419	$	6,714	$	—	$	74,381
15		24,789		4,655		147,157		52,335		1,276		—		230,212
20		93,852		45,195		431,790		165,339		18,619		18,256		773,051
23		127		8,343		10,219		12,641		274		—		31,604
25		50,373		78,736		181,645		103,427		6,310		—		420,491
30		2,111		2,876		11,849		13,558		197		—		30,591
40		6,011		6,566		25,398		19,153		859		—		57,987
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	244,373	$	146,371	$	808,323	$	366,882	$	34,249	$	18,256	$	1,618,454

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	37,173	$	—	$	298	$	498	$	6,883	$	—	$	44,852
15		17,783		4,934		154,369		63,078		1,527		—		241,691
20		82,636		36,654		402,677		137,518		19,586		29,534		708,605
23		108		6,878		9,575		13,104		165		—		29,830
25		60,981		75,273		189,109		110,244		7,497		—		443,104
30		3,154		3,183		12,104		10,666		159		—		29,266
40		5,991		7,685		20,522		22,577		1,104		—		57,879
50		598		—		—		—		—		—		598
60		—		—		—		—		2		—		2
Total	$	208,424	$	134,607	$	788,654	$	357,685	$	36,923	$	29,534	$	1,555,827

Summary of Trouble Debt Restructuring by Loan Class

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		3	$	257		3	$	465
Real estate – construction & development		12		2,080		2		32
Real estate – commercial & farmland		19		7,590		4		2,151
Real estate – residential		38		7,335		8		1,044
Consumer installment		14		75		5		51
Total		86	$	17,337		22	$	3,743
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		17		6,913		4		2,273
Real estate – residential		37		7,818		8		834
Consumer installment		6		72		3		19
Total		72	$	17,214		20	$	3,683
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		30		7,468		6		1,046
Consumer installment		1		13		—		—
Total		61	$	18,015		9	$	2,568

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as those currently paying under restructured terms and those that have defaulted (defined as 30 days past due) under restructured terms at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	272		1	$	449
Real estate – construction & development		10		2,042		4		69
Real estate – commercial & farmland		20		7,895		3		1,846
Real estate – residential		34		6,582		12		1,798
Consumer installment		14		92		5		35
Total		83	$	16,883		25	$	4,197
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		16		6,396		5		2,789
Real estate – residential		32		6,699		13		1,953
Consumer installment		7		90		2		2
Total		67	$	15,596		25	$	5,301
As of June 30, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		31		7,788		5		726
Consumer installment		1		13		—		—
Total		62	$	18,335		8	$	2,248

Summary of Troubled Debt Restructuring by Concessions Made Types

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by types of concessions made, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		12	$	2,145		—	$	—
Forgiveness of principal		5		2,448		—		—
Rate reduction only		14		6,842		5		1,176
Rate reduction, forbearance of interest		38		3,204		14		2,522
Rate reduction, forbearance of principal		17		2,698		2		16
Rate reduction, payment modification		—		—		1		29
Total		86	$	17,337		22	$	3,743
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		10	$	2,170		2	$	97
Forgiveness of principal		3		1,467		1		145
Payment modification only		1		280		1		88
Rate reduction only		14		7,069		3		913
Rate reduction, forbearance of interest		26		3,252		12		2,411
Rate reduction, forbearance of principal		18		2,976		—		—
Rate reduction, payment modification		—		—		1		29
Total		72	$	17,214		20	$	3,683
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		9	$	2,168		2	$	105
Forgiveness of principal		3		1,493		1		145
Payment modification only		2		373		—		—
Rate reduction only		12		6,924		2		496
Rate reduction, forbearance of interest		18		4,724		1		222
Rate reduction, forbearance of principal		17		2,333		2		1,571
Rate reduction, payment modification		—		—		1		29
Total		61	$	18,015		9	$	2,568

Summary of Troubled Debt Restructurings by Collateral Types

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by collateral types, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,385		2	$	469
Raw land		5		1,279		1		29
Agricultural land		2		374		—		—
Hotel & motel		3		2,101		—		—
Office		4		1,644		—		—
Retail, including strip centers		5		1,722		2		1,682
1-4 family residential		46		8,144		10		1,063
Church		1		364		—		—
Automobile/equipment/inventory		15		84		7		500
Unsecured		1		240		—		—
Total		86	$	17,337		22	$	3,743
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,346		2	$	592
Raw land		11		2,345		2		32
Hotel & motel		3		2,185		—		—
Office		4		1,909		—		—
Retail, including strip centers		4		1,095		2		1,680
1-4 family residential		36		7,747		9		852
Life insurance policy		1		250		—		—
Automobile/equipment/inventory		8		92		4		479
Unsecured		1		245		1		48
Total		72	$	17,214		20	$	3,683
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		2	$	345		2	$	1,493
Raw land		3		1,354		1		29
Agricultural land		1		66		—		—
Hotel & motel		3		2,233		—		—
Office		4		2,085		—		—
Retail, including strip centers		6		2,800		—		—
1-4 family residential		34		8,061		6		1,046
Life insurance policy		1		249		—		—
Automobile/equipment/inventory		5		522		—		—
Unsecured		2		300		—		—
Total		61	$	18,015		9	$	2,568

Covered Loans [Member]

Summary of Financial Receivable Nonaccrual Basis

The following table presents an analysis of covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	12,254	$	7,257	$	8,729
Real estate – construction and development		8,028		14,781		17,039
Real estate – commercial and farmland		17,027		33,495		47,427
Real estate – residential		8,702		13,278		15,459
Consumer installment		127		341		285
	$	46,138	$	69,152	$	88,939

Summary of Past Due Financial Receivables

The following table presents an aging analysis of covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	16	$	467	$	6,909	$	7,392	$	17,817	$	25,209	$	—
Real estate – construction & development		551		459		7,708		8,718		22,882		31,600		—
Real estate – commercial & farmland		6,399		139		10,443		16,981		171,662		188,643		—
Real estate – residential		2,490		690		5,939		9,119		76,399		85,518		—
Consumer installment loans		—		49		56		105		175		280		—
Total	$	9,456	$	1,804	$	31,055	$	42,315	$	288,935	$	331,250	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	3,966	$	12	$	6,165	$	10,143	$	16,407	$	26,550	$	—
Real estate – construction & development		843		144		14,055		15,042		28,137		43,179		—
Real estate – commercial & farmland		8,482		4,350		26,428		39,260		185,191		224,451		346
Real estate – residential		7,648		1,914		10,244		19,806		75,367		95,173		—
Consumer installment loans		51		14		305		370		514		884		—
Total	$	20,990	$	6,434	$	57,197	$	84,621	$	305,616	$	390,237	$	346
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	529	$	441	$	7,333	$	8,303	$	19,068	$	27,371	$	63
Real estate – construction & development		2,672		743		15,911		19,326		33,646		52,972		348
Real estate – commercial & farmland		4,020		3,929		41,250		49,199		205,903		255,102		636
Real estate – residential		6,283		772		12,155		19,210		87,897		107,107		60
Consumer installment loans		68		6		255		329		636		965		—
Total	$	13,572	$	5,891	$	76,904	$	96,367	$	347,150	$	443,517	$	1,107

Summary of Impaired Financial Receivables

The following is a summary of information pertaining to covered impaired loans:

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	46,138	$	69,152	$	88,939
Troubled debt restructurings not included above		9,221		8,409		10,253
Total impaired loans	$	55,359	$	77,561	$	99,192
Impaired loans not requiring a related allowance	$	55,359	$	77,561	$	99,192
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	70,932	$	94,873	$	104,473
Interest income recognized on impaired loans	$	214	$	968	$	784
Foregone interest income on impaired loans	$	94	$	330	$	242

The following table presents an analysis of information pertaining to impaired covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	14,617	$	12,254	$	—	$	12,254	$	—	$	10,525
Real estate – construction & development		9,780		8,028		—		8,028		—		13,380
Real estate – commercial & farmland		21,236		18,093		—		18,093		—		27,174
Real estate – residential		18,662		16,857		—		16,857		—		19,641
Consumer installment loans		161		127		—		127		—		212
Total	$	64,456	$	55,359	$	—	$	55,359	$	—	$	70,932
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	9,598	$	7,257	$	—	$	7,257	$	—	$	8,676
Real estate – construction & development		17,540		14,781		—		14,781		—		17,909
Real estate – commercial & farmland		39,056		34,074		—		34,074		—		44,652
Real estate – residential		24,819		21,108		—		21,108		—		23,332
Consumer installment loans		394		341		—		341		—		304
Total	$	91,407	$	77,561	$	—	$	77,561	$	—	$	94,873
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	12,151	$	8,769	$	—	$	8,769	$	—	$	9,417
Real estate – construction & development		24,044		19,198		—		19,198		—		19,394
Real estate – commercial & farmland		58,538		48,000		—		48,000		—		50,508
Real estate – residential		27,794		22,940		—		22,940		—		24,877
Consumer installment loans		340		285		—		285		—		277
Total	$	122,867	$	99,192	$	—	$	99,192	$	—	$	104,473

Summary of Credit Quality Indicate Financial Receivable

The following table presents the covered loan portfolio by risk grade as of June 30, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		2		822		629		—		—		1,453
20		1,133		5,524		33,050		17,143		68		—		56,918
23		124		555		15,528		5,557		—		—		21,764
25		6,569		9,251		94,504		36,507		40		—		146,871
30		4,398		4,802		9,959		8,326		2		—		27,487
40		12,985		11,466		34,780		17,356		170		—		76,757
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	25,209	$	31,600	$	188,643	$	85,518	$	280	$	—	$	331,250

The following table presents the covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		16		1,048		638		—		—		1,702
20		2,184		8,549		34,674		21,363		193		—		66,963
23		134		1,085		17,037		4,748		51		—		23,055
25		7,508		9,611		101,657		38,427		235		—		157,438
30		5,125		2,006		21,297		6,979		17		—		35,424
40		11,599		21,912		48,738		23,018		388		—		105,655
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	26,550	$	43,179	$	224,451	$	95,173	$	884	$	—	$	390,237

The following table presents the covered loan portfolio by risk grade as of June 30, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		27		1,571		634		—		—		2,232
20		2,815		10,533		36,360		25,277		231		—		75,216
23		69		1,666		11,323		2,671		—		—		15,729
25		8,469		11,574		118,867		41,408		348		—		180,666
30		1,999		3,505		26,144		9,175		25		—		40,848
40		14,019		25,667		60,837		27,942		361		—		128,826
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	27,371	$	52,972	$	255,102	$	107,107	$	965	$	—	$	443,517

Summary of Trouble Debt Restructuring by Loan Class

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	24
Real estate – construction & development		—		—		1		14
Real estate – commercial & farmland		5		1,066		2		152
Real estate – residential		82		8,155		7		403
Consumer installment		—		—		1		4
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		2	$	67
Real estate – construction & development		—		—		1		16
Real estate – commercial & farmland		4		579		1		134
Real estate – residential		72		7,830		6		464
Consumer installment		—		—		1		5
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	40		—	$	—
Real estate – construction & development		2		2,159		1		10
Real estate – commercial & farmland		4		573		1		19
Real estate – residential		63		7,481		2		122
Consumer installment		—		—		—		—
Total		70	$	10,253		4	$	151

Summary of Troubled Debt Restructuring by Loan Class, Classified Separately under Restructured Terms

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	24		—	$	—
Real estate – construction & development		—		—		1		14
Real estate – commercial & farmland		7		1,217		—		—
Real estate – residential		76		7,297		13		1,262
Consumer installment		1		4		—		—
Total		85	$	8,542		14	$	1,276
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	27		1	$	40
Real estate – construction & development		1		16		—		—
Real estate – commercial & farmland		5		713		—		—
Real estate – residential		58		5,830		20		2,463
Consumer installment		1		6		—		—
Total		66	$	6,592		21	$	2,503
As of June 30, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	40		—	$	—
Real estate – construction & development		2		2,159		1		11
Real estate – commercial & farmland		5		592		—		—
Real estate – residential		57		5,808		8		1,794
Consumer installment		—		—		—		—
Total		65	$	8,599		9	$	1,805

Summary of Troubled Debt Restructuring by Concessions Made Types

The following table presents the amount of troubled debt restructurings included in covered loans, by types of concessions made, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		1	$	24
Forbearance of Principal		—		—		1		26
Rate Reduction Only		78		7,835		6		374
Rate Reduction, Forbearance of Interest		3		88		3		45
Rate Reduction, Forbearance of Principal		6		1,298		1		128
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Rate Reduction Only		68	$	7,510		6	$	457
Rate Reduction, Forbearance of Interest		3		88		4		96
Rate Reduction, Forbearance of Principal		5		811		1		133
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		4	$	260		1	$	11
Rate Reduction Only		57		9,051		3		140
Rate Reduction, Forbearance of Interest		4		129		—		—
Rate Reduction, Forbearance of Principal		5		813		—		—
Total		70	$	10,253		4	$	151

Summary of Troubled Debt Restructurings by Collateral Types

The following table presents the amount of troubled debt restructurings included in covered loans, by collateral types, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		—	$	—		2	$	38
Hotel & Motel		1		175		—		—
Office		1		488		—		—
Retail, including Strip Centers		2		280		1		128
1-4 Family Residential		83		8,278		8		407
Automobile/Equipment/Inventory		—		—		1		24
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		—	$	—		1	$	16
Hotel & Motel		1		172		—		—
Retail, including Strip Centers		2		283		1		134
1-4 Family Residential		73		7,954		7		469
Automobile/Equipment/Inventory		—		—		2		67
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		1	$	366		1	$	10
Hotel & Motel		1		170		—		—
Retail, including Strip Centers		2		277		1		19
1-4 Family Residential		65		9,400		2		122
Automobile/Equipment/Inventory		1		40		—		—
Total		70	$	10,253		4	$	151

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Business Combinations - Schedule of Changes in Accretable Discounts Related Acquired Non-Covered Loans (Detail) (Non-Covered Loans [Member], USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Non-Covered Loans [Member]
Schedule Of Covered Loans Acquired Accretable Discounts [Line Items]
Balance, beginning of year	$ 26,189
Additions due to acquisitions	7,799	26,189
Accretion	(3,153)
Other activity, net	1,486
Balance, end of year	$ 32,321	$ 26,189

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WEIGHTED AVERAGE SHARES OUTSTANDING (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Summary of Weighted Average Number of Shares

Earnings per share have been computed based on the following weighted average number of common shares outstanding:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2014		2013		2014		2013
	(Share Data in Thousands)				(Share Data in Thousands)
Basic shares outstanding		25,181		23,879		25,163		23,873
Plus: Dilutive effect of ISOs		120		346		118		346
Plus: Dilutive effect of Restricted grants		271		63		271		63
Diluted shares outstanding		25,572		24,288		25,552		24,282

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Assets Acquired in FDIC-Assisted Acquisitions - Additional Information (Detail)	34 Months Ended
	Jul. 31, 2012 Acquisition
Business Combinations [Abstract]
Number of FDIC-assisted acquisitions participation	10

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Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Net income	$ 16,480	$ 11,963
Adjustments reconciling net income to net cash provided by operating activities:
Depreciation	3,709	2,468
Stock based compensation expense	1,012	395
Net (gains)/losses on sale or disposal of premises and equipment	1	(221)
Net losses or write-downs on sale of other real estate owned	1,985	3,599
Provision for loan losses	3,091	7,088
Accretion of covered loans	(15,432)	(25,841)
Accretion of purchased non-covered loans	(3,153)
Accretion of FDIC loss-share receivable, net of amortization of FDIC clawback payable	5,685	8,607
Increase in cash surrender value of BOLI	(620)	(565)
Amortization of intangible assets	970	722
Net amortization of investment securities available for sale	1,525	1,785
Net change in mortgage loans held for sale	(6,925)	(13,794)
Net gains on securities available for sale	(6)	(171)
Change attributable to other operating activities	7,585	12,210
Net cash provided by operating activities	15,907	8,245
Cash flows from investing activities, net of effect of business combinations:
Net increase in federal funds sold and interest-bearing deposits	176,107	149,773
Proceeds from maturities of s ecurities available for sale	22,493	32,072
Purchase of securities available for sale	(68,632)	(41,722)
Proceeds from sales of securities available for sale	69,768	31,340
Purchase of bank owned life insurance		(30,000)
Net increase in loans, excluding purchased non-covered and covered loans	(160,626)	(116,430)
Payments received on purchased non-covered loans	27,791
Payments received on covered loans	64,743	65,971
Payments received from FDIC under loss share agreements	10,576	45,604
Proceeds from sales of other real estate owned	17,420	38,534
Decrease in restricted equity securities, net	6,832
Proceeds from sales of premises and equipment	56	1,928
Purchases of premises and equipment	(2,223)	(2,117)
Net cash proceeds received from acquisitions	1,099
Net cash provided by investing activities	165,404	174,953
Cash flows from financing activities, net of effect of business combinations:
Net increase/(decrease) in deposits	20,780	(181,560)
Net decrease in securities sold under agreements to repurchase	(37,835)	(30,978)
Repayment of other borrowings	(174,005)
Proceeds from other borrowings	57,463
Redemption of preferred stock	(28,000)
Dividends paid - preferred stock	(286)	(700)
Dividends paid - common stock	(1,338)
Purchase of treasury shares	(432)	(116)
Proceeds from exercise of stock options	373	243
Net cash used in financing activities	(163,280)	(213,111)
Net increase (decrease) in cash and due from banks	18,031	(29,913)
Cash and due from banks at beginning of period	62,955	80,256
Cash and due from banks at end of period	80,986	50,343
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest	6,740	5,371
Income taxes	5,583	8,356
Loans (excluding purchased non-covered and covered loans) transferred to other real estate owned	6,400	5,564
Purchased non-covered loans transferred to other real estate owned	1,425
Covered loans transferred to other real estate owned	9,083	23,275
Issuance of common stock in acquisitions	$ 34,474

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Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Statement Of Financial Position [Abstract]
Preferred stock, stated value	$ 1,000	$ 1,000	$ 1,000
Preferred stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred stock, shares issued	0	28,000	28,000
Preferred stock, shares outstanding	0	28,000	28,000
Common stock, par value	$ 1	$ 1	$ 1
Common stock, shares authorized	100,000,000	100,000,000	100,000,000
Common stock, shares issued	28,155,317	26,461,769	25,257,669
Treasury stock, shares	1,383,496	1,363,342	1,363,342

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FAIR VALUE OF FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

NOTE 10 – FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair value is based on discounted cash flows or other valuation techniques. These techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The accounting standard for disclosures about the fair value of financial instruments excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

The Company has elected to record mortgage loans held-for-sale at fair value in order to eliminate the complexities and inherent difficulties of achieving hedge accounting and to better align reported results with the underlying economic changes in value of the loans and related hedge instruments. This election impacts the timing and recognition of origination fees and costs, as well as servicing value, which are now recognized in earnings at the time of origination. Interest income on mortgage loans held-for-sale is recorded on an accrual basis in the consolidated statement of earnings and comprehensive income under the heading “Interest income – interest and fees on loans”. The servicing value is included in the fair value of the Interest Rate Lock Commitments (“IRLCs”) with borrowers. The mark to market adjustments related to loans held-for-sale and the associated economic hedges are captured in mortgage banking activities.

The fair value hierarchy describes three levels of inputs that may be used to measure fair value:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments:

Cash and Due From Banks, Federal Funds Sold and Interest-Bearing Accounts: The carrying amount of cash and due from banks, federal funds sold and interest-bearing accounts approximates fair value.

Investment Securities Available for Sale: The fair value of securities available for sale is determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Level 2 securities include mortgage-backed securities issued by government sponsored enterprises and municipal bonds. The Level 2 fair value pricing is provided by an independent third-party and is based upon similar securities in an active market. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include certain residual municipal securities and other less liquid securities.

Other Investments: Federal Home Loan Bank (“FHLB”) stock is included in other investments at its original cost basis. It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability.

Mortgage Loans Held for Sale: The Company records mortgage loans held for sale at fair value. The fair value of mortgage loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and is classified within Level 2 of the valuation hierarchy.

Loans: The carrying amount of variable-rate loans that reprice frequently and have no significant change in credit risk approximates fair value. The fair value of fixed-rate loans is estimated based on discounted contractual cash flows, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. The fair value of impaired loans is estimated based on discounted expected future cash flows or underlying collateral values, where applicable. A loan is determined to be impaired if the Company believes it is probable that all principal and interest amounts due according to the terms of the loan will not be collected as scheduled. The fair value of impaired loans is determined in accordance with accounting standards and generally results in a specific reserve established through a charge to the provision for loan losses. Losses on impaired loans are charged to the allowance when management believes the uncollectability of a loan is confirmed. Management has determined that the majority of impaired loans are Level 3 assets due to the extensive use of market appraisals.

Other Real Estate Owned: The fair value of other real estate owned (“OREO”) is determined using certified appraisals that value the property at its highest and best uses by applying traditional valuation methods common to the industry. The Company does not hold any OREO for profit purposes and all other real estate is actively marketed for sale. In most cases, management has determined that additional write-downs are required beyond what is calculable from the appraisal to carry the property at levels that would attract buyers. Because this additional write-down is not based on observable inputs, management has determined that other real estate owned should be classified as Level 3.

Covered Assets: Covered assets include loans and other real estate owned on which the majority of losses would be covered by loss-sharing agreements with the Federal Deposit Insurance Corporation (the “FDIC”). Management initially valued these assets at fair value using mostly unobservable inputs and, as such, has classified these assets as Level 3.

FDIC Loss-Share Receivable: The fair value of the FDIC loss-share receivable is based on the net present value of projected future cash flows expected to be received from the FDIC under the provision of the loss-share agreements using a discount rate that is based on current market rates.

Deposits: The carrying amount of demand deposits, savings deposits and variable-rate certificates of deposit approximates fair value. The fair value of fixed-rate certificates of deposit is estimated based on discounted contractual cash flows using interest rates currently offered for certificates with similar maturities.

Securities Sold under Agreements to Repurchase and Other Borrowings: The carrying amount of variable rate borrowings and securities sold under repurchase agreements approximates fair value. The fair value of fixed rate other borrowings is estimated based on discounted contractual cash flows using the current incremental borrowing rates for similar borrowing arrangements.

Subordinated Deferrable Interest Debentures: The fair value of the Company’s variable rate trust preferred securities is based primarily upon discounted cash flows using rates for securities with similar terms and remaining maturities.

Off-Balance-Sheet Instruments: Because commitments to extend credit and standby letters of credit are typically made using variable rates and have short maturities, the carrying value and fair value are immaterial for disclosure.

Derivatives: The Company has entered into derivative financial instruments to manage interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivatives. This analysis reflects the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the derivatives is determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves derived from observable market interest rate curves).

The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting any applicable credit enhancements such as collateral postings, thresholds, mutual puts and guarantees.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself or the counterparty. However, as of June 30, 2014, December 31, 2013 and June 30, 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustment is not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuation in its entirety is classified in Level 2 of the fair value hierarchy.

The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows:

			Fair Value Measurements at June 30, 2014 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and due from banks	$	80,986	$	80,986	$	—	$	—	$	80,986
Federal funds sold and interest-bearing accounts	$	44,800	$	44,800	$	—	$	—	$	44,800
Loans, net	$	2,745,897	$	—	$	2,754,953	$	—	$	2,754,953
FDIC loss-share receivable	$	49,180	$	—	$	—	$	46,242	$	46,242
Financial liabilities:
Deposits		3,389,035		—		3,389,880		—		3,389,880
Securities sold under agreements to repurchase		51,109		51,109		—		—		51,109
Other borrowings		100,293		—		100,293		—		100,293
Subordinated deferrable interest debentures		64,842		—		45,864		—		45,864

			Fair Value Measurements at December 31, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and due from banks	$	62,955	$	62,955	$	—	$	—	$	62,995
Federal funds sold and interest-bearing accounts	$	204,984	$	204,984	$	—	$	—	$	204,984
Loans, net	$	2,392,521	$	—	$	2,404,909	$	—	$	2,404,909
FDIC loss-share receivable	$	65,441	$	—	$	—	$	61,317	$	61,317
Financial liabilities:
Deposits		2,999,231		—		3,000,061		—		3,000,061
Securities sold under agreements to repurchase		83,516		83,516		—		—		83,516
Other borrowings		194,572		—		194,572		—		194,572
Subordinated deferrable interest debentures		55,466		—		36,277		—		36,277

			Fair Value Measurements at June 30, 2013 Using:
	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in Thousands)
Financial assets:
Cash and due from banks	$	50,343	$	50,343	$	—	$	—	$	50,343
Federal funds sold and interest-bearing accounts	$	43,904	$	43,904	$	—	$	—	$	43,904
Loans, net	$	1,930,373	$	—	$	1,956,198	$	—	$	1,956,198
FDIC loss-share receivable	$	105,513	$	—	$	—	$	99,558	$	99,558
Financial liabilities:
Deposits		2,443,103		—		2,444,263		—		2,444,263
Securities sold under agreements to repurchase		19,142		19,412		—		—		19,412
Subordinated Deferrable Interest Debentures		42,269		—		23,231		—		23,231

The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of June 30, 2014, December 31, 2013 and June 30, 2013 (dollars in thousands):

	Fair Value Measurements on a Recurring Basis As of June 30, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	14,445	$	—	$	14,445	$	—
State, county and municipal securities		145,780		—		145,780		—
Corporate debt securities		10,958		—		8,958		2,000
Mortgage-backed securities		364,447		—		364,447		—
Mortgage loans held for sale		81,491		—		81,491		—
IRLCs and forward contracts		2,625		—		2,625		—
Total recurring assets at fair value	$	619,746	$	—	$	617,746	$	2,000
Derivative financial instruments	$	1,142	$	—	$	1,142	$	—
Total recurring liabilities at fair value	$	1,142	$	—	$	1,142	$	—

	Fair Value Measurements on a Recurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	13,926	$	—	$	13,926	$	—
State, county and municipal securities		112,754		—		112,754		—
Collateralized debt obligations		1,480		1,480		—		—
Corporate debt securities		10,325		—		8,325		2,000
Mortgage-backed securities		347,750		182,461		165,289		—
Mortgage loans held for sale		67,278		—		67,278		—
IRLCs and forward contracts		1,180		—		1,180		—
Total recurring assets at fair value	$	554,693	$	183,941	$	368,752	$	2,000
Derivative financial instruments	$	370	$	—	$	370	$	—
Total recurring liabilities at fair value	$	370	$	—	$	370	$	—
	Fair Value Measurements on a Recurring Basis As of June 30, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. government agencies	$	14,335	$	—	$	14,335	$	—
State, county and municipal securities		112,759		2,447		110,312		—
Corporate debt securities		10,090		—		8,090		2,000
Mortgage-backed securities		178,984		—		178,984		—
Mortgage loans held for sale		62,580		—		62,580		—
IRLCs and forward contracts		1,600		—		1,600		—
Total recurring assets at fair value	$	380,348	$	2,447	$	375,901	$	2,000
Derivative financial instruments	$	916	$	—	$	916	$	—
Total recurring liabilities at fair value	$	916	$	—	$	916	$	—

The following table is a presentation of the valuation methodologies used for instruments measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of June 30, 2014, December 31, 2013 and June 30, 2013 (dollars in thousands):

	Fair Value Measurements on a Nonrecurring Basis As of June 30, 2014
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	35,829	$	—	$	—	$	35,829
Other real estate owned		35,373		—		—		35,373
Purchased, non-covered other real estate owned		16,598		—		—		16,598
Covered other real estate owned		38,426		—		—		38,426
Total nonrecurring assets at fair value	$	126,226	$	—	$	—	$	126,226

	Fair Value Measurements on a Nonrecurring Basis As of December 31, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	42,546	$	—	$	—	$	42,546
Other real estate owned		33,351		—		—		33,351
Purchased, non-covered other real estate owned		4,276		—		—		4,276
Covered other real estate owned		45,893		—		—		45,893
Total nonrecurring assets at fair value	$	126,066	$	—	$	—	$	126,066
	Fair Value Measurements on a Nonrecurring Basis As of June 30, 2013
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans carried at fair value	$	44,754	$	—	$	—	$	44,754
Other real estate owned		39,885		—		—		39,885
Covered other real estate owned		62,178		—		—		62,178
Total nonrecurring assets at fair value	$	146,817	$	—	$	—	$	146,817

The inputs used to determine estimated fair value of impaired loans include market conditions, loan terms, underlying collateral characteristics and discount rates. The inputs used to determine fair value of other real estate owned, purchased non-covered other real estate owned and covered other real estate owned include market conditions, estimated marketing period or holding period, underlying collateral characteristics and discount rates.

For the six months ended June 30, 2014 and 2013, there was not a change in the methods and significant assumptions used to estimate fair value.

The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets and liabilities.

Measurements	Fair Value at June 30, 2014		Valuation Technique	Unobservable Inputs	Range
(Dollars in Thousands)
Nonrecurring:
Impaired loans	$	35,289	Third party appraisals and discounted cash flows	Collateral discounts and discount rates	4.00% - 75.00%
Other real estate owned	$	35,373	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 74.00%
Purchased non-covered other real estate owned	$	16,598	Third party appraisals	Collateral discounts and estimated costs to sell	21.00% - 70.00%
Covered real estate owned	$	38,426	Third party appraisals	Collateral discounts and estimated costs to sell	10.00% - 90.00%
Recurring:
Investment securities available for sale	$	2,000	Discounted par values	Credit quality of underlying issuer	0.00%

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Entity Registrant Name	Ameris Bancorp
Entity Central Index Key	0000351569
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		26,738,438

XML

SEGMENT REPORTING

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 11 – SEGMENT REPORTING

The following tables present selected financial information with respect to the Company’s reportable business segments for the three- month periods ended June 30, 2014 and 2013:

	Three Months Ended June 30, 2014						Three Months Ended June 30, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	33,925	$	1,339	$	35,264	$	28,517	$	959	$	29,476
Provision for loan losses		1,365		—		1,365		4,165		—		4,165
Noninterest income		8,817		7,002		15,819		6,383		5,001		11,384
Noninterest expense:
Salaries and employee benefits		13,005		3,937		16,942		10,478		2,903		13,381
Equipment and occupancy expenses		3,771		300		4,071		2,781		197		2,978
Data processing and telecommunications expenses		3,597		343		3,940		2,634		202		2,836
Other expenses		11,053		1,312		12,365		6,444		1,049		7,493
Total noninterest expense		31,426		5,892		37,318		22,337		4,351		26,688
Income before income tax expense		9,951		2,449		12,400		8,398		1,609		10,007
Income tax expense		3,413		857		4,270		2,766		563		3,329
Net income		6,538		1,592		8,130		5,632		1,046		6,678
Less preferred stock dividends		—		—		—		442		—		442
Net income available to common shareholders	$	6,538	$	1,592	$	8,130	$	5,190	$	1,046	$	6,236
Total assets	$	3,797,850	$	175,285	$	3,973,135	$	2,695,554	$	113,121	$	2,808,675
Stockholders’ equity		345,256		1,857		343,399		286,127		1,650		287,777

The following tables present selected financial information with respect to the Company’s reportable business segments for the six- month periods ended June 30, 2014 and 2013:

	Six Months Ended June 30, 2014						Six Months Ended June 30, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	67,309	$	2,439	$	69,748	$	56,283	$	1,531	$	57,814
Provision for loan losses		3,091		—		3,091		7,088		—		7,088
Noninterest income		16,407		12,166		28,573		13,279		9,465		22,744
Noninterest expense:
Salaries and employee benefits		26,831		7,505		34,336		21,515		5,672		27,187
Equipment and occupancy expenses		7,533		602		8,135		5,546		363		5,909
Data processing and telecommunications expenses		6,929		465		7,394		5,105		301		5,406
Other expenses		18,565		2,127		20,692		15,334		1,736		17,070
Total noninterest expense		59,858		10,699		70,557		47,500		8,072		55,572
Income before income tax expense		20,767		3,906		24,673		14,974		2,924		17,898
Income tax expense		6,826		1,367		8,193		4,912		1,023		5,935
Net income		13,941		2,539		16,480		10,062		1,901		11,963
Less preferred stock dividends		286		—		286		883		—		883
Net income available to common shareholders	$	13,655	$	2,539	$	16,194	$	9,179	$	1,901	$	11,080

XML

Fair Value of Financial Instrument - Carrying Amount and Estimated Fair Value of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Financial assets:
Cash and due from banks	$ 80,986	$ 62,955	$ 50,343	$ 80,256
Federal funds sold and interest-bearing accounts	44,800	204,984	43,904
FDIC loss-share receivable	49,180	65,441	105,513	159,724
Financial liabilities:
Other borrowings	100,293	194,572	0
Subordinated deferrable interest debentures	64,842	55,466	42,269
Carrying Value [Member]
Financial assets:
Cash and due from banks	80,986	62,955	50,343
Federal funds sold and interest-bearing accounts	44,800	204,984	43,904
Loans, net	2,745,897	2,392,521	1,930,373
FDIC loss-share receivable	49,180	65,441	105,513
Financial liabilities:
Deposits	3,389,035	2,999,231	2,443,103
Securities sold under agreements to repurchase	51,109	83,516	19,142
Other borrowings	100,293	194,572
Subordinated deferrable interest debentures	64,842	55,466	42,269
Fair Value [Member]
Financial assets:
Cash and due from banks	80,986	62,995	50,343
Federal funds sold and interest-bearing accounts	44,800	204,984	43,904
Loans, net	2,754,953	2,404,909	1,956,198
FDIC loss-share receivable	46,242	61,317	99,558
Financial liabilities:
Deposits	3,389,880	3,000,061	2,444,263
Securities sold under agreements to repurchase	51,109	83,516	19,412
Other borrowings	100,293	194,572
Subordinated deferrable interest debentures	45,864	36,277	23,231
Fair Value [Member] | Level 1 [Member]
Financial assets:
Cash and due from banks	80,986	62,955	50,343
Federal funds sold and interest-bearing accounts	44,800	204,984	43,904
Loans, net
FDIC loss-share receivable
Financial liabilities:
Deposits
Securities sold under agreements to repurchase	51,109	83,516	19,412
Other borrowings
Subordinated deferrable interest debentures
Fair Value [Member] | Level 2 [Member]
Financial assets:
Cash and due from banks
Federal funds sold and interest-bearing accounts
Loans, net	2,754,953	2,404,909	1,956,198
FDIC loss-share receivable
Financial liabilities:
Deposits	3,389,880	3,000,061	2,444,263
Securities sold under agreements to repurchase
Other borrowings	100,293	194,572
Subordinated deferrable interest debentures	45,864	36,277	23,231
Fair Value [Member] | Level 3 [Member]
Financial assets:
Cash and due from banks
Federal funds sold and interest-bearing accounts
Loans, net
FDIC loss-share receivable	46,242	61,317	99,558
Financial liabilities:
Deposits
Securities sold under agreements to repurchase
Other borrowings
Subordinated deferrable interest debentures

XML

Consolidated Statements of Earnings and Comprehensive Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Interest income
Interest and fees on loans	$ 35,297	$ 29,859	$ 69,766	$ 58,575
Interest on taxable securities	2,953	1,719	5,938	3,416
Interest on nontaxable securities	312	344	647	719
Interest on deposits in other banks and federal funds sold	45	29	129	114
Total interest income	38,607	31,951	76,480	62,824
Interest expense
Interest on deposits	2,205	2,083	4,388	4,309
Interest on other borrowings	1,138	392	2,344	701
Total interest expense	3,343	2,475	6,732	5,010
Net interest income	35,264	29,476	69,748	57,814
Provision for loan losses	1,365	4,165	3,091	7,088
Net interest income after provision for loan losses	33,899	25,311	66,657	50,726
Noninterest income
Service charges on deposit accounts	5,847	4,695	11,433	9,532
Mortgage banking activity	7,002	5,001	12,166	9,465
Other service charges, commissions and fees	662	617	1,314	946
Gain (loss) on sale of securities		(1)	6	171
Other noninterest income	2,308	1,072	3,654	2,630
Total noninterest income	15,819	11,384	28,573	22,744
Noninterest expense
Salaries and employee benefits	16,942	13,381	34,336	27,187
Occupancy and equipment	4,071	2,978	8,135	5,909
Advertising and marketing expenses	718	327	1,428	582
Amortization of intangible assets	437	358	970	722
Data processing and telecommunications expenses	3,940	2,836	7,394	5,406
Other noninterest expenses	11,210	6,808	18,294	15,766
Total noninterest expense	37,318	26,688	70,557	55,572
Income before income tax expense	12,400	10,007	24,673	17,898
Income tax expense	4,270	3,329	8,193	5,935
Net income	8,130	6,678	16,480	11,963
Less preferred stock dividends and discount accretion		442	286	883
Net income available to common shareholders	8,130	6,236	16,194	11,080
Other comprehensive income (loss)
Unrealized holding gain (loss) arising during period on investment securities available for sale, net of tax	2,121	(3,689)	5,059	(4,118)
Reclassification adjustment for losses (gains) included in earnings, net of tax		1	(4)	(111)
Unrealized gain (loss) on cash flow hedges arising during period, net of tax	(372)	995	(638)	1,204
Other comprehensive income (loss)	1,749	(2,693)	4,417	(3,025)
Total comprehensive income	$ 9,879	$ 3,985	$ 20,897	$ 8,938
Basic earnings per common share	$ 0.32	$ 0.26	$ 0.64	$ 0.46
Diluted earnings per common share	$ 0.32	$ 0.26	$ 0.63	$ 0.46
Dividends declared per common share	$ 0.05		$ 0.05
Weighted average common shares outstanding
Basic	25,181	23,879	25,163	23,873
Diluted	25,572	24,288	25,552	24,282

XML

ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS

6 Months Ended

Jun. 30, 2014

Banking And Thrift [Abstract]

ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS

NOTE 5 – ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS

From October 2009 through July 2012, the Company participated in ten FDIC-assisted acquisitions whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include the following:

Bank Acquired	Location:	Branches:	Date Acquired
American United Bank (“AUB”)	Lawrenceville, Ga.	1	October 23, 2009
United Security Bank (“USB”)	Sparta, Ga.	2	November 6, 2009
Satilla Community Bank (“SCB”)	St. Marys, Ga.	1	May 14, 2010
First Bank of Jacksonville (“FBJ”)	Jacksonville, Fl.	2	October 22, 2010
Tifton Banking Company (“TBC”)	Tifton, Ga.	1	November 12, 2010
Darby Bank & Trust (“DBT”)	Vidalia, Ga.	7	November 12, 2010
High Trust Bank (“HTB”)	Stockbridge, Ga.	2	July 15, 2011
One Georgia Bank (“OGB”)	Midtown Atlanta, Ga.	1	July 15, 2011
Central Bank of Georgia (“CBG”)	Ellaville, Ga.	5	February 24, 2012
Montgomery Bank & Trust (“MBT”)	Ailey, Ga.	2	July 6, 2012

The determination of the initial fair values of loans at the acquisition date and the initial fair values of the related FDIC indemnification assets involves a high degree of judgment and complexity. The carrying values of the acquired loans and the FDIC indemnification assets reflect management’s best estimate of the fair value of each of these assets as of the date of acquisition. However, the amount that the Company realizes on these assets could differ materially from the carrying values reflected in the financial statements included in this report, based upon the timing and amount of collections on the acquired loans in future periods. Because of the loss-sharing agreements with the FDIC on these assets, the Company does not expect to incur any significant losses. To the extent the actual values realized for the acquired loans are different from the estimates, the indemnification assets will generally be affected in an offsetting manner due to the loss-sharing support from the FDIC.

FASB ASC 310 – 30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC 310”), applies to a loan with evidence of deterioration of credit quality since origination, acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. ASC 310 prohibits carrying over or creating an allowance for loan losses upon initial recognition for loans which fall under the scope of this statement. At the acquisition dates, a majority of these loans were valued based on the liquidation value of the underlying collateral because the future cash flows are primarily based on the liquidation of underlying collateral. There was no allowance for credit losses established related to these ASC 310 loans at the acquisition dates, based on the provisions of this statement. Over the life of the acquired loans, the Company continues to estimate cash flows expected to be collected. If the expected cash flows expected to be collected increases, then the Company adjusts the amount of accretable discount recognized on a prospective basis over the loan’s remaining life. If the expected cash flows expected to be collected decreases, then the Company records a provision for loan loss in its consolidated statement of operations.

The following table summarizes components of all covered assets at June 30, 2014, December 31, 2013 and June 30, 2013 and their origin:

	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
	(Dollars in Thousands)
As of June 30, 2014:
AUB	$	9,106	$	133	$	8,973	$	1,690	$	—	$	1,690	$	10,663	$	1,676
USB		14,030		805		13,225		2,927		62		2,865		16,090		920
SCB		30,545		954		29,591		3,332		308		3,024		32,615		3,073
FBJ		23,264		2,696		20,568		1,734		135		1,599		22,167		2,752
DBT		81,700		8,774		72,926		12,766		913		11,853		84,779		10,119
TBC		28,363		1,853		26,510		4,493		758		3,735		30,245		3,543
HTB		59,267		6,535		52,732		4,130		1,349		2,781		55,513		9,000
OGB		49,501		4,937		44,564		7,964		2,984		4,980		49,544		7,268
CBG		71,959		9,798		62,161		7,432		1,533		5,899		68,060		10,829
Total	$	367,735	$	36,485	$	331,250	$	46,468	$	8,042	$	38,426	$	369,676	$	49,180
	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
	(Dollars in Thousands)
As of December 31, 2013:
AUB	$	15,787	$	231	$	15,556	$	4,264	$	—	$	4,264	$	19,820	$	1,452
USB		18,504		1,427		17,077		2,865		141		2,724		19,801		889
SCB		34,637		1,483		33,154		3,461		303		3,158		36,312		3,175
FBJ		25,891		3,730		22,161		1,880		242		1,638		23,799		3,689
DBT		105,157		17,819		87,338		17,023		1,282		15,741		103,079		18,724
TBC		32,590		2,354		30,236		4,844		745		4,099		34,335		3,721
HTB		67,126		7,359		59,767		6,374		2,304		4,070		63,837		9,325
OGB		58,512		5,067		53,445		7,506		2,984		4,522		57,967		9,645
CBG		85,118		13,615		71,503		7,610		1,933		5,677		77,180		14,821
Total	$	443,322	$	53,085	$	390,237	$	55,827	$	9,934	$	45,893	$	436,130	$	65,441

	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
	(Dollars in Thousands)
As of June 30, 2013:
AUB	$	23,721	$	2,114	$	21,607	$	4,847	$	—	$	4,847	$	26,454	$	4,526
USB		23,298		2,552		20,746		4,127		140		3,987		24,733		5,802
SCB		38,478		2,882		35,596		4,655		306		4,349		39,945		4,603
FBJ		29,154		5,086		24,068		2,037		209		1,828		25,896		5,632
DBT		132,707		27,386		105,321		23,594		2,003		21,591		126,912		27,957
TBC		37,560		3,299		34,261		7,069		1,650		5,419		39,680		6,083
HTB		74,867		9,747		65,120		10,868		3,436		7,432		72,552		13,314
OGB		70,644		11,568		59,076		10,244		3,948		6,296		65,372		14,591
CBG		99,363		21,641		77,722		8,519		2,090		6,429		84,151		23,005
Total	$	529,792	$	86,275	$	443,517	$	75,960	$	13,782	$	62,178	$	505,695	$	105,513

On the dates of acquisition, the Company estimated the future cash flows on each individual loan and made the necessary adjustments to reflect the asset at fair value. At each quarter end subsequent to the acquisition dates, the Company revises the estimates of future cash flows based on current information and makes the necessary adjustments to carrying value. Amounts reflected in the Company’s statement of earnings are net of indemnification provided under loss share agreements with the FDIC. The adjustments are performed on a loan-by-loan basis and have resulted in the following adjustments for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013:

Total Amounts	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan)	$	5,850	$	51,003	$	39,278
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		2,965		7,695		3,950
Amounts reflected in the Company’s Statement of Operations	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan)	$	1,170	$	10,201	$	2,942
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		593		1,539		790

A rollforward of covered loans with deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	217,047		$	282,737		$	282,737
Charge-offs, net of recoveries		(1,364	)		35,306			(8,464	)
Additions due to acquisitions		—			—			—
Other (loan payments, transfers, etc.)		(37,053	)		(100,996	)		(24,658	)
Ending balance	$	178,630		$	217,047		$	249,615

A rollforward of covered loans without deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	173,190		$	228,602		$	228,602
Additions due to acquisitions		—			—			—
Loan payments, transfers, etc.		(20,570	)		(55,412	)		(34,404	)
Ending balance	$	152,620		$	173,190		$	194,198

The following is a summary of changes in the accretable discounts of covered loans during the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	25,493		$	16,698		$	16,698
Additions due to acquisitions		—			—			—
Accretion		(15,432	)		(42,208	)		(25,841	)
Other activity, net		5,850			51,003			39,278
Ending balance	$	15,911		$	25,493		$	30,135

The shared-loss agreements are subject to the servicing procedures as specified in the agreement with the FDIC. The expected reimbursements under the shared-loss agreements were recorded as an indemnification asset at their estimated fair values on the acquisition dates. As of June 30, 2014, the Company has recorded a clawback liability of $5.2 million, which represents the obligation of the Company to reimburse the FDIC should actual losses be less than certain thresholds established in each loss share agreement. Changes in the FDIC shared-loss receivable for the six months ended June 30, 2014, for the year ended December 31, 2013 and for the six months ended June 30, 2013 are as follows:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	65,441		$	159,724		$	159,724
Indemnification asset recorded in acquisitions		—			—			—
Payments received from FDIC		(10,576	)		(68,822	)		(45,604	)
Effect of change in expected cash flows on covered assets		(5,685	)		(25,461	)		(8,607	)
Ending balance	$	49,180		$	65,441		$	105,513

XML

LOANS

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

LOANS

NOTE 4 – LOANS

The Company engages in a full complement of lending activities, including real estate-related loans, agriculture-related loans, commercial and financial loans and consumer installment loans within select markets in Georgia, Alabama, Florida and South Carolina. Ameris concentrates the majority of its lending activities in real estate loans. While risk of loss in the Company’s portfolio is primarily tied to the credit quality of the various borrowers, risk of loss may increase due to factors beyond the Company’s control, such as local, regional and/or national economic downturns. General conditions in the real estate market may also impact the relative risk in the real estate portfolio.

Commercial, financial and agricultural loans include both secured and unsecured loans for working capital, expansion, crop production, and other business purposes. Short-term working capital loans are secured by non-real estate collateral such as accounts receivable, crops, inventory and equipment. The Company evaluates the financial strength, cash flow, management, credit history of the borrower and the quality of the collateral securing the loan. The Bank often requires personal guarantees and secondary sources of repayment on commercial, financial and agricultural loans.

Real estate loans include construction and development loans, commercial and farmland loans and residential loans. Construction and development loans include loans for the development of residential neighborhoods, construction of one-to-four family residential construction loans to builders and consumers, and commercial real estate construction loans, primarily for owner-occupied properties. The Company limits its construction lending risk through adherence to established underwriting procedures. Commercial real estate loans include loans secured by owner-occupied commercial buildings for office, storage, retail, farmland and warehouse space. They also include non-owner occupied commercial buildings such as leased retail and office space. Commercial real estate loans may be larger in size and may involve a greater degree of risk than one-to-four family residential mortgage loans. Payments on such loans are often dependent on successful operation or management of the properties. The Company’s residential loans represent permanent mortgage financing and are secured by residential properties located within the Bank’s market areas.

Consumer installment loans and other loans include automobile loans, boat and recreational vehicle financing, and both secured and unsecured personal loans. Consumer loans carry greater risks than other loans, as the collateral can consist of rapidly depreciating assets such as automobiles and equipment that may not provide an adequate source of repayment of the loan in the case of default.

Loans are stated at unpaid balances, net of unearned income and deferred loan fees. Balances within the major loans receivable categories are presented in the following table, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	304,588	$	244,373	$	208,424
Real estate – construction and development		149,346		146,371		134,607
Real estate – commercial and farmland		850,000		808,323		788,654
Real estate – residential		422,731		366,882		357,685
Consumer installment		31,902		34,249		36,923
Other		11,492		18,256		29,534
	$	1,770,059	$	1,618,454	$	1,555,827

Purchased non-covered loans are defined as loans that were acquired in bank acquisitions that are not covered by a loss-sharing agreement with the FDIC. Purchased non-covered loans totaling $702.1 million and $448.8 million at June 30, 2014 and December 31, 2013, respectively, are not included in the above schedule. There were no purchased non-covered loans at June 30, 2013.

Purchased non-covered loans are shown below according to major loan type as of the end of the periods shown:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	41,583	$	32,141	$	—
Real estate – construction and development		64,084		31,176		—
Real estate – commercial and farmland		311,748		179,898		—
Real estate – residential		278,451		200,851		—
Consumer installment		6,265		4,687		—
	$	702,131	$	448,753	$	—

Covered loans are defined as loans that were acquired in FDIC-assisted transactions that are covered by a loss-sharing agreement with the FDIC. Covered loans totaling $331.3 million, $390.2 million and $443.5 million at June 30, 2014, December 31, 2013 and June 30, 2013, respectively, are not included in the above schedule.

Covered loans are shown below according to loan type as of the end of the periods shown:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	25,209	$	26,550	$	27,371
Real estate – construction and development		31,600		43,179		52,972
Real estate – commercial and farmland		188,643		224,451		255,102
Real estate – residential		85,518		95,173		107,107
Consumer installment		280		884		965
	$	331,250	$	390,237	$	443,517

Nonaccrual and Past Due Loans

A loan is placed on nonaccrual status when, in management’s judgment, the collection of the interest income appears doubtful. Interest receivable that has been accrued and is subsequently determined to have doubtful collectability is charged against interest income. Interest payments on nonaccrual loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Nonaccrual loans are loans whose principal or interest is past due 90 days or more. In some cases, where borrowers are experiencing financial difficulties, loans may be restructured to provide terms significantly different from the original contractual terms.

The following table presents an analysis of loans accounted for on a nonaccrual basis, excluding purchased non-covered and covered loans:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	1,596	$	4,103	$	4,326
Real estate – construction and development		3,452		3,971		5,448
Real estate – commercial and farmland		8,831		8,566		8,963
Real estate – residential		7,795		12,152		12,423
Consumer installment		437		411		651
	$	22,111	$	29,203	$	31,811

The following table presents an analysis of purchased non-covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	143	$	11	$	—
Real estate – construction and development		2,273		325		—
Real estate – commercial and farmland		6,647		1,653		—
Real estate – residential		6,658		4,658		—
Consumer installment		49		12		—
	$	15,770	$	6,659	$	—

The following table presents an analysis of covered loans accounted for on a nonaccrual basis:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commercial, financial and agricultural	$	12,254	$	7,257	$	8,729
Real estate – construction and development		8,028		14,781		17,039
Real estate – commercial and farmland		17,027		33,495		47,427
Real estate – residential		8,702		13,278		15,459
Consumer installment		127		341		285
	$	46,138	$	69,152	$	88,939

The following table presents an aging analysis of loans, excluding purchased non-covered and covered past due loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	1,180	$	966	$	1,077	$	3,223	$	301,365	$	304,588	$	—
Real estate – construction & development		3,942		296		3,449		7,687		141,659		149,346		—
Real estate – commercial & farmland		4,622		1,860		7,404		13,886		836,114		850,000		—
Real estate – residential		5,806		3,829		7,197		16,832		405,899		422,731		—
Consumer installment loans		345		176		310		831		31,071		31,902		—
Other		—		—		—		—		11,492		11,492		—
Total	$	15,895	$	7,127	$	19,437	$	42,459	$	1,727,600	$	1,770,059	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	10,893	$	272	$	4,081	$	15,246	$	229,127	$	244,373	$	—
Real estate – construction & development		1,026		69		3,935		5,030		141,341		146,371		—
Real estate – commercial & farmland		3,981		1,388		7,751		13,120		795,203		808,323		—
Real estate – residential		5,422		1,735		11,587		18,744		348,138		366,882		—
Consumer installment loans		568		197		305		1,070		33,179		34,249		—
Other		—		—		—		—		18,256		18,256		—
Total	$	21,890	$	3,661	$	27,659	$	53,210	$	1,565,244	$	1,618,454	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	1,449	$	502	$	4,013	$	5,964	$	202,460	$	208,424	$	—
Real estate – construction & development		1,638		104		5,418		7,160		127,447		134,607		—
Real estate – commercial & farmland		5,392		1,580		5,333		12,305		776,349		788,654		—
Real estate – residential		4,735		5,256		11,745		21,736		335,949		357,685		—
Consumer installment loans		432		175		548		1,155		35,768		36,923		—
Other		—		—		—		—		29,534		29,534		—
Total	$	13,646	$	7,617	$	27,057	$	48,320	$	1,507,507	$	1,555,827	$	—

The following table presents an aging analysis of purchased non-covered past due loans based on the recorded basis as of June 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of June 30, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	137	$	26	$	143	$	306	$	41,277	$	41,583	$	—
Real estate – construction & development		712		168		2,165		3,045		61,039		64,084		—
Real estate – commercial & farmland		1,263		1,605		6,647		9,515		302,233		311,748		—
Real estate – residential		6,952		983		6,144		14,079		264,372		278,451		—
Consumer installment loans		23		29		47		99		6,166		6,265		—
Total	$	9,087	$	2,811	$	15,146	$	27,044	$	675,087	$	702,131	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	370	$	70	$	11	$	451	$	31,690	$	32,141	$	—
Real estate – construction & development		1,008		89		325		1,422		29,754		31,176		—
Real estate – commercial & farmland		6,851		2,064		1,516		10,431		169,467		179,898		—
Real estate – residential		4,667		1,074		3,428		9,169		191,682		200,851		—
Consumer installment loans		7		17		9		33		4,654		4,687		—
Total	$	12,903	$	3,314	$	5,289	$	21,506	$	427,247	$	448,753	$	—

The following table presents an aging analysis of covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	16	$	467	$	6,909	$	7,392	$	17,817	$	25,209	$	—
Real estate – construction & development		551		459		7,708		8,718		22,882		31,600		—
Real estate – commercial & farmland		6,399		139		10,443		16,981		171,662		188,643		—
Real estate – residential		2,490		690		5,939		9,119		76,399		85,518		—
Consumer installment loans		—		49		56		105		175		280		—
Total	$	9,456	$	1,804	$	31,055	$	42,315	$	288,935	$	331,250	$	—
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	3,966	$	12	$	6,165	$	10,143	$	16,407	$	26,550	$	—
Real estate – construction & development		843		144		14,055		15,042		28,137		43,179		—
Real estate – commercial & farmland		8,482		4,350		26,428		39,260		185,191		224,451		346
Real estate – residential		7,648		1,914		10,244		19,806		75,367		95,173		—
Consumer installment loans		51		14		305		370		514		884		—
Total	$	20,990	$	6,434	$	57,197	$	84,621	$	305,616	$	390,237	$	346
	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Loans Past Due		Current Loans		Total Loans		Loans 90 Days or More Past Due and Still Accruing
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	529	$	441	$	7,333	$	8,303	$	19,068	$	27,371	$	63
Real estate – construction & development		2,672		743		15,911		19,326		33,646		52,972		348
Real estate – commercial & farmland		4,020		3,929		41,250		49,199		205,903		255,102		636
Real estate – residential		6,283		772		12,155		19,210		87,897		107,107		60
Consumer installment loans		68		6		255		329		636		965		—
Total	$	13,572	$	5,891	$	76,904	$	96,367	$	347,150	$	443,517	$	1,107

Impaired Loans

Loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreements. When determining if the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement, the Company considers the borrower’s capacity to pay, which includes such factors as the borrower’s current financial statements, an analysis of global cash flow sufficient to pay all debt obligations and an evaluation of secondary sources of repayment, such as guarantor support and collateral value. Impaired loans include loans on nonaccrual status and troubled debt restructurings. The Company individually assesses for impairment all nonaccrual loans greater than $200,000 and rated substandard or worse and all troubled debt restructurings greater than $100,000. If a loan is deemed impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis.

The following is a summary of information pertaining to impaired loans, excluding purchased non-covered and covered loans:

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	22,111	$	29,203	$	31,811
Troubled debt restructurings not included above		17,337		17,214		18,015
Total impaired loans	$	39,448	$	46,417	$	49,826
Impaired loans not requiring a related allowance	$	—	$	—	$	—
Impaired loans requiring a related allowance	$	39,448	$	46,417	$	49,826
Allowance related to impaired loans	$	3,619	$	3,871	$	5,072
Average investment in impaired loans	$	43,814	$	51,721	$	54,481
Interest income recognized on impaired loans	$	42	$	522	$	451
Foregone interest income on impaired loans	$	23	$	418	$	172

The following table presents an analysis of information pertaining to impaired loans, excluding purchased non-covered and covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013.

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	3,398	$	—	$	1,852	$	1,852	$	298	$	3,397
Real estate – construction & development		9,336		—		5,532		5,532		798		5,811
Real estate – commercial & farmland		19,215		—		16,421		16,421		1,629		16,394
Real estate – residential		18,313		—		15,131		15,131		884		17,698
Consumer installment loans		638		—		512		512		10		514
Total	$	50,900	$	—	$	39,448	$	39,448	$	3,619	$	43,814

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	6,240	$	—	$	4,618	$	4,618	$	435	$	4,844
Real estate – construction & development		11,363		—		5,867		5,867		512		8,341
Real estate – commercial & farmland		18,456		—		15,479		15,479		1,443		17,559
Real estate – residential		24,342		—		19,970		19,970		1,472		20,335
Consumer installment loans		623		—		483		483		9		642
Total	$	61,024	$	—	$	46,417	$	46,417	$	3,871	$	51,721
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	7,723	$	—	$	5,384	$	5,384	$	1,018	$	4,960
Real estate – construction & development		15,324		—		7,394		7,394		687		9,894
Real estate – commercial & farmland		19,759		—		16,491		16,491		1,657		18,692
Real estate – residential		23,373		—		19,893		19,893		1,692		20,178
Consumer installment loans		808		—		664		664		18		757
Total	$	66,987	$	—	$	49,826	$	49,826	$	5,072	$	54,481

The following is a summary of information pertaining to purchased non-covered impaired loans:

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	15,770	$	6,659	$	—
Troubled debt restructurings not included above		—		—		—
Total impaired loans	$	15,770	$	6,659	$	—
Impaired loans not requiring a related allowance	$	15,770	$	6,659	$	—
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	12,582	$	128	$	—
Interest income recognized on impaired loans	$	16	$	—	$	—
Foregone interest income on impaired loans	$	158	$	—	$	—

The following table presents an analysis of information pertaining to impaired purchased non-covered loans as of June 30, 2014 and December 31, 2013. There were no purchased non-covered loans as of June 30, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	550	$	143	$	—	$	143	$	—	$	90
Real estate – construction & development		4,649		2,273		—		2,273		—		1,243
Real estate – commercial & farmland		9,848		6,647		—		6,647		—		5,043
Real estate – residential		10,598		6,658		—		6,658		—		6,175
Consumer installment loans		65		49		—		49		—		31
Total	$	25,710	$	15,770	$	—	$	15,770	$	—	$	12,582
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	19	$	11	$	—	$	11	$	—	$	—
Real estate – construction & development		542		325		—		325		—		6
Real estate – commercial & farmland		2,673		1,653		—		1,653		—		32
Real estate – residential		7,712		4,658		—		4,658		—		90
Consumer installment loans		20		12		—		12		—		—
Total	$	10,996	$	6,659	$	—	$	6,659	$	—	$	128

The following is a summary of information pertaining to covered impaired loans:

	As of and For the Period Ended
	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Nonaccrual loans	$	46,138	$	69,152	$	88,939
Troubled debt restructurings not included above		9,221		8,409		10,253
Total impaired loans	$	55,359	$	77,561	$	99,192
Impaired loans not requiring a related allowance	$	55,359	$	77,561	$	99,192
Impaired loans requiring a related allowance	$	—	$	—	$	—
Allowance related to impaired loans	$	—	$	—	$	—
Average investment in impaired loans	$	70,932	$	94,873	$	104,473
Interest income recognized on impaired loans	$	214	$	968	$	784
Foregone interest income on impaired loans	$	94	$	330	$	242

The following table presents an analysis of information pertaining to impaired covered loans as of June 30, 2014, December 31, 2013 and June 30, 2013:

	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2014:
Commercial, financial & agricultural	$	14,617	$	12,254	$	—	$	12,254	$	—	$	10,525
Real estate – construction & development		9,780		8,028		—		8,028		—		13,380
Real estate – commercial & farmland		21,236		18,093		—		18,093		—		27,174
Real estate – residential		18,662		16,857		—		16,857		—		19,641
Consumer installment loans		161		127		—		127		—		212
Total	$	64,456	$	55,359	$	—	$	55,359	$	—	$	70,932
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of December 31, 2013:
Commercial, financial & agricultural	$	9,598	$	7,257	$	—	$	7,257	$	—	$	8,676
Real estate – construction & development		17,540		14,781		—		14,781		—		17,909
Real estate – commercial & farmland		39,056		34,074		—		34,074		—		44,652
Real estate – residential		24,819		21,108		—		21,108		—		23,332
Consumer installment loans		394		341		—		341		—		304
Total	$	91,407	$	77,561	$	—	$	77,561	$	—	$	94,873
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(Dollars in Thousands)
As of June 30, 2013:
Commercial, financial & agricultural	$	12,151	$	8,769	$	—	$	8,769	$	—	$	9,417
Real estate – construction & development		24,044		19,198		—		19,198		—		19,394
Real estate – commercial & farmland		58,538		48,000		—		48,000		—		50,508
Real estate – residential		27,794		22,940		—		22,940		—		24,877
Consumer installment loans		340		285		—		285		—		277
Total	$	122,867	$	99,192	$	—	$	99,192	$	—	$	104,473

Credit Quality Indicators

The Company uses a nine category risk grading system to assign a risk grade to each loan in the portfolio. Every loan is assigned a risk rating, with the exception of credit card receivables and overdraft protection loans which are treated as pools for risk rating purposes. Relationships greater than $250,000 are reviewed annually by the Bank’s independent internal loan review department or an independent third party loan review firm. The following is a description of the general characteristics of the grades:

Grade 10 – Prime Credit – This grade represents loans to the Company’s most creditworthy borrowers or loans that are secured by cash or cash equivalents.

Grade 15 – Good Credit – This grade includes loans that exhibit one or more characteristics better than that of a Satisfactory Credit. Generally, the debt service coverage and borrower’s liquidity is materially better than required by the Company’s loan policy.

Grade 20 – Satisfactory Credit – This grade is assigned to loans to borrowers who exhibit satisfactory credit histories, contain acceptable loan structures and demonstrate ability to repay.

Grade 23 – Performing, Under-Collateralized Credit – This grade is assigned to loans that are currently performing and supported by adequate financial information that reflects repayment capacity but exhibit a loan-to-value ratio greater than 110%, based on a documented collateral valuation.

Grade 25 – Minimum Acceptable Credit – This grade includes loans which exhibit all the characteristics of a Satisfactory Credit, but warrant more than normal level of banker supervision due to (i) circumstances which elevate the risks of performance (such as start-up operations, untested management, heavy leverage and interim losses); (ii) adverse, extraordinary events that have affected, or could affect, the borrower’s cash flow, financial condition, ability to continue operating profitability or refinancing (such as death of principal, fire and divorce); (iii) loans that require more than the normal servicing requirements (such as any type of construction financing, acquisition and development loans, accounts receivable or inventory loans and floor plan loans); (iv) existing technical exceptions which raise some doubts about the Bank’s perfection in its collateral position or the continued financial capacity of the borrower; or (v) improvements in formerly criticized borrowers, which may warrant banker supervision.

Grade 30 – Other Asset Especially Mentioned – This grade includes loans that exhibit potential weaknesses that deserve management’s close attention. If left uncorrected, these weaknesses may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date.

Grade 40 – Substandard – This grade represents loans which are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. These assets exhibit a well-defined weakness or are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. These weaknesses may be characterized by past due performance, operating losses or questionable collateral values.

Grade 50 – Doubtful – This grade includes loans which exhibit all of the characteristics of a substandard loan with the added provision that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable or improbable.

Grade 60 – Loss – This grade is assigned to loans which are considered uncollectible and of such little value that their continuance as active assets of the Bank is not warranted. This classification does not mean that the loss has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing it off.

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 2014.

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	103,726	$	—	$	255	$	505	$	6,356	$	—	$	110,842
15		24,620		4,678		141,846		54,388		1,120		—		226,652
20		102,278		48,008		460,715		226,149		17,714		11,492		866,356
23		123		9,215		9,318		9,479		294		—		28,429
25		65,882		77,973		197,381		103,846		5,281		—		450,363
30		4,004		2,680		12,914		13,568		194		—		33,360
40		3,955		6,792		27,571		14,786		943		—		54,047
50		—		—		—		10		—		—		10
60		—		—		—		—		—		—		—
Total	$	304,588	$	149,346	$	850,000	$	422,731	$	31,902	$	11,492	$	1,770,059

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of December 31, 2013.

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	66,983	$	—	$	265	$	419	$	6,714	$	—	$	74,381
15		24,789		4,655		147,157		52,335		1,276		—		230,212
20		93,852		45,195		431,790		165,339		18,619		18,256		773,051
23		127		8,343		10,219		12,641		274		—		31,604
25		50,373		78,736		181,645		103,427		6,310		—		420,491
30		2,111		2,876		11,849		13,558		197		—		30,591
40		6,011		6,566		25,398		19,153		859		—		57,987
50		127		—		—		10		—		—		137
60		—		—		—		—		—		—		—
Total	$	244,373	$	146,371	$	808,323	$	366,882	$	34,249	$	18,256	$	1,618,454

The following table presents the loan portfolio, excluding purchased non-covered and covered loans, by risk grade as of June 30, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	37,173	$	—	$	298	$	498	$	6,883	$	—	$	44,852
15		17,783		4,934		154,369		63,078		1,527		—		241,691
20		82,636		36,654		402,677		137,518		19,586		29,534		708,605
23		108		6,878		9,575		13,104		165		—		29,830
25		60,981		75,273		189,109		110,244		7,497		—		443,104
30		3,154		3,183		12,104		10,666		159		—		29,266
40		5,991		7,685		20,522		22,577		1,104		—		57,879
50		598		—		—		—		—		—		598
60		—		—		—		—		2		—		2
Total	$	208,424	$	134,607	$	788,654	$	357,685	$	36,923	$	29,534	$	1,555,827

The following table presents the purchased non-covered loan portfolio by risk grade as of June 30, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	3,494	$	—	$	—	$	293	$	557	$	—	$	4,344
15		4,728		245		14,191		15,839		537		—		35,540
20		11,567		12,905		94,598		64,937		2,683		—		186,690
23		—		—		—		165		—		—		165
25		18,251		42,127		175,427		178,523		2,343		—		416,671
30		3,162		4,722		16,078		8,326		21		—		32,309
40		381		4,085		11,454		10,368		124		—		26,412
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	41,583	$	64,084	$	311,748	$	278,451	$	6,265	$	—	$	702,131

The following table presents the purchased non-covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	1,865	$	—	$	—	$	289	$	451	$	—	$	2,605
15		4,606		7		12,998		16,160		703		—		34,474
20		5,172		3,960		43,802		34,576		1,383		—		88,893
23		—		—		—		—		—		—		—
25		19,638		20,733		102,260		129,923		1,888		—		274,442
30		576		1,760		9,554		10,878		194		—		22,962
40		284		4,716		11,284		9,025		68		—		25,377
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	32,141	$	31,176	$	179,898	$	200,851	$	4,687	$	—	$	448,753

There were no purchased non-covered loans as of June 30, 2013.

The following table presents the covered loan portfolio by risk grade as of June 30, 2014:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		2		822		629		—		—		1,453
20		1,133		5,524		33,050		17,143		68		—		56,918
23		124		555		15,528		5,557		—		—		21,764
25		6,569		9,251		94,504		36,507		40		—		146,871
30		4,398		4,802		9,959		8,326		2		—		27,487
40		12,985		11,466		34,780		17,356		170		—		76,757
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	25,209	$	31,600	$	188,643	$	85,518	$	280	$	—	$	331,250

The following table presents the covered loan portfolio by risk grade as of December 31, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		16		1,048		638		—		—		1,702
20		2,184		8,549		34,674		21,363		193		—		66,963
23		134		1,085		17,037		4,748		51		—		23,055
25		7,508		9,611		101,657		38,427		235		—		157,438
30		5,125		2,006		21,297		6,979		17		—		35,424
40		11,599		21,912		48,738		23,018		388		—		105,655
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	26,550	$	43,179	$	224,451	$	95,173	$	884	$	—	$	390,237

The following table presents the covered loan portfolio by risk grade as of June 30, 2013:

Risk Grade	Commercial, financial & agricultural		Real estate - construction & development		Real estate - commercial & farmland		Real estate - residential		Consumer installment loans		Other		Total
	(Dollars in Thousands)
10	$	—	$	—	$	—	$	—	$	—	$	—	$	—
15		—		27		1,571		634		—		—		2,232
20		2,815		10,533		36,360		25,277		231		—		75,216
23		69		1,666		11,323		2,671		—		—		15,729
25		8,469		11,574		118,867		41,408		348		—		180,666
30		1,999		3,505		26,144		9,175		25		—		40,848
40		14,019		25,667		60,837		27,942		361		—		128,826
50		—		—		—		—		—		—		—
60		—		—		—		—		—		—		—
Total	$	27,371	$	52,972	$	255,102	$	107,107	$	965	$	—	$	443,517

Troubled Debt Restructurings

The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. Concessions may include interest rate reductions to below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. The Company has exhibited the greatest success for rehabilitation of a loan by a reduction in the rate alone (maintaining the amortization of the debt) or a combination of a rate reduction and the forbearance of previously past due interest or principal. This has most typically been evidenced in certain commercial real estate loans whereby a disruption in the borrower’s cash flow resulted in an extended past due status, of which the borrower was unable to catch up completely as the cash flow of the property ultimately stabilized at a level lower than its original level. A reduction in rate, coupled with a forbearance of unpaid principal and/or interest, allowed the net cash flows to service the debt under the modified terms.

The Company’s policy requires a restructure request to be supported by a current, well-documented credit evaluation of the borrower’s financial condition and a collateral evaluation that is no older than six months from the date of the restructure. Key factors of that evaluation include the documentation of current, recurring cash flows, support provided by the guarantor(s) and the current valuation of the collateral. If the appraisal on file is older than six months, an evaluation must be made as to the continued reasonableness of the valuation. For certain income-producing properties, current rent rolls and/or other income information can be utilized to support the appraisal valuation, when coupled with documented cap rates within our markets and a physical inspection of the collateral to validate the current condition.

The Company’s policy states in the event a loan has been identified as a troubled debt restructuring, it should be assigned a grade of substandard and placed on nonaccrual status until such time that the borrower has demonstrated the ability to service the loan payments based on the restructured terms – generally defined as six months of satisfactory payment history. Missed payments under the original loan terms are not considered under the new structure; however, subsequent missed payments are considered non-performance and are not considered toward the six month required term of satisfactory payment history. The Company’s loan policy states that a nonaccrual loan may be returned to accrual status when (i) none of its principal and interest is due and unpaid, and the Company expects repayment of the remaining contractual principal and interest, or (ii) it otherwise becomes well secured and in the process of collection. Restoration to accrual status on any given loan must be supported by a well-documented credit evaluation of the borrower’s financial condition and the prospects for full repayment, approved by the Company’s Senior Credit Officer.

In the normal course of business, the Company renews loans with a modification of the interest rate or terms that are not deemed as troubled debt restructurings because the borrower is not experiencing financial difficulty. The Company modified loans in the first six months of 2014 and 2013 totaling $8.4 million and $20.7 million, respectively, under such parameters. In addition, the Company offers consumer loan customers an annual skip-a-pay program that is based on certain qualifying parameters and not based on financial difficulties. The Company does not treat these as troubled debt restructurings.

As of June 30, 2014, December 31, 2013 and June 30, 2013, the Company had a balance of $21.1 million, $20.9 million and $20.6 million, respectively, in troubled debt restructurings, excluding purchased non-covered and covered loans. The Company has recorded $3.0 million, $2.1 million and $2.0 million in previous charge-offs on such loans at June 30, 2014, December 31, 2013 and June 30, 2013, respectively. The Company’s balance in the allowance for loan losses allocated to such troubled debt restructurings was $398,000, $432,000 and $482,000 at June 30, 2014, December 31, 2013 and June 30, 2013, respectively. At June 30, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings. Troubled debt restructurings with an outstanding balance of $130,218 at December 31, 2013 defaulted during the first six months of 2014 and these defaults did not have a material impact on the Company’s allowance for loan loss.

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		3	$	257		3	$	465
Real estate – construction & development		12		2,080		2		32
Real estate – commercial & farmland		19		7,590		4		2,151
Real estate – residential		38		7,335		8		1,044
Consumer installment		14		75		5		51
Total		86	$	17,337		22	$	3,743
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		17		6,913		4		2,273
Real estate – residential		37		7,818		8		834
Consumer installment		6		72		3		19
Total		72	$	17,214		20	$	3,683
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		30		7,468		6		1,046
Consumer installment		1		13		—		—
Total		61	$	18,015		9	$	2,568

The following table presents the amount of troubled debt restructurings by loan class, excluding purchased non-covered and covered loans, classified separately as those currently paying under restructured terms and those that have defaulted (defined as 30 days past due) under restructured terms at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		5	$	272		1	$	449
Real estate – construction & development		10		2,042		4		69
Real estate – commercial & farmland		20		7,895		3		1,846
Real estate – residential		34		6,582		12		1,798
Consumer installment		14		92		5		35
Total		83	$	16,883		25	$	4,197
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		4	$	515		3	$	525
Real estate – construction & development		8		1,896		2		32
Real estate – commercial & farmland		16		6,396		5		2,789
Real estate – residential		32		6,699		13		1,953
Consumer installment		7		90		2		2
Total		67	$	15,596		25	$	5,301
As of June 30, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		7	$	1,059		—	$	—
Real estate – construction & development		7		1,946		1		29
Real estate – commercial & farmland		16		7,529		2		1,493
Real estate – residential		31		7,788		5		726
Consumer installment		1		13		—		—
Total		62	$	18,335		8	$	2,248

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by types of concessions made, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		12	$	2,145		—	$	—
Forgiveness of principal		5		2,448		—		—
Rate reduction only		14		6,842		5		1,176
Rate reduction, forbearance of interest		38		3,204		14		2,522
Rate reduction, forbearance of principal		17		2,698		2		16
Rate reduction, payment modification		—		—		1		29
Total		86	$	17,337		22	$	3,743
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		10	$	2,170		2	$	97
Forgiveness of principal		3		1,467		1		145
Payment modification only		1		280		1		88
Rate reduction only		14		7,069		3		913
Rate reduction, forbearance of interest		26		3,252		12		2,411
Rate reduction, forbearance of principal		18		2,976		—		—
Rate reduction, payment modification		—		—		1		29
Total		72	$	17,214		20	$	3,683
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Type of concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of interest		9	$	2,168		2	$	105
Forgiveness of principal		3		1,493		1		145
Payment modification only		2		373		—		—
Rate reduction only		12		6,924		2		496
Rate reduction, forbearance of interest		18		4,724		1		222
Rate reduction, forbearance of principal		17		2,333		2		1,571
Rate reduction, payment modification		—		—		1		29
Total		61	$	18,015		9	$	2,568

The following table presents the amount of troubled debt restructurings, excluding purchased non-covered and covered loans, by collateral types, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,385		2	$	469
Raw land		5		1,279		1		29
Agricultural land		2		374		—		—
Hotel & motel		3		2,101		—		—
Office		4		1,644		—		—
Retail, including strip centers		5		1,722		2		1,682
1-4 family residential		46		8,144		10		1,063
Church		1		364		—		—
Automobile/equipment/inventory		15		84		7		500
Unsecured		1		240		—		—
Total		86	$	17,337		22	$	3,743
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		4	$	1,346		2	$	592
Raw land		11		2,345		2		32
Hotel & motel		3		2,185		—		—
Office		4		1,909		—		—
Retail, including strip centers		4		1,095		2		1,680
1-4 family residential		36		7,747		9		852
Life insurance policy		1		250		—		—
Automobile/equipment/inventory		8		92		4		479
Unsecured		1		245		1		48
Total		72	$	17,214		20	$	3,683
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Warehouse		2	$	345		2	$	1,493
Raw land		3		1,354		1		29
Agricultural land		1		66		—		—
Hotel & motel		3		2,233		—		—
Office		4		2,085		—		—
Retail, including strip centers		6		2,800		—		—
1-4 family residential		34		8,061		6		1,046
Life insurance policy		1		249		—		—
Automobile/equipment/inventory		5		522		—		—
Unsecured		2		300		—		—
Total		61	$	18,015		9	$	2,568

As of June 30, 2014 and December 31, 2013, the Company did not have any troubled debt restructurings included in purchased non-covered loans.

As of June 30, 2014, December 31, 2013 and June 30, 2013, the Company had a balance of $9.8 million, $9.1 million and $10.4 million, respectively, in troubled debt restructurings included in covered loans. The Company has recorded $42,000, $64,000 and $36,000 in previous charge-offs on such loans at June 30, 2014, December 31, 2013 and June 30, 2013, respectively. At June 30, 2014, the Company did not have any commitments to lend additional funds to debtors whose terms have been modified in troubled restructurings.

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		1	$	24
Real estate – construction & development		—		—		1		14
Real estate – commercial & farmland		5		1,066		2		152
Real estate – residential		82		8,155		7		403
Consumer installment		—		—		1		4
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		—	$	—		2	$	67
Real estate – construction & development		—		—		1		16
Real estate – commercial & farmland		4		579		1		134
Real estate – residential		72		7,830		6		464
Consumer installment		—		—		1		5
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	40		—	$	—
Real estate – construction & development		2		2,159		1		10
Real estate – commercial & farmland		4		573		1		19
Real estate – residential		63		7,481		2		122
Consumer installment		—		—		—		—
Total		70	$	10,253		4	$	151

The following table presents the amount of troubled debt restructurings by loan class of covered loans, classified separately as those currently paying under restructured terms and those that have defaulted under restructured terms at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	24		—	$	—
Real estate – construction & development		—		—		1		14
Real estate – commercial & farmland		7		1,217		—		—
Real estate – residential		76		7,297		13		1,262
Consumer installment		1		4		—		—
Total		85	$	8,542		14	$	1,276
As of December 31, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	27		1	$	40
Real estate – construction & development		1		16		—		—
Real estate – commercial & farmland		5		713		—		—
Real estate – residential		58		5,830		20		2,463
Consumer installment		1		6		—		—
Total		66	$	6,592		21	$	2,503
As of June 30, 2013	Loans Currently Paying Under Restructured Terms				Loans that have Defaulted Under Restructured Terms
Loan class:	#		Balance (in thousands)		#		Balance (in thousands)
Commercial, financial & agricultural		1	$	40		—	$	—
Real estate – construction & development		2		2,159		1		11
Real estate – commercial & farmland		5		592		—		—
Real estate – residential		57		5,808		8		1,794
Consumer installment		—		—		—		—
Total		65	$	8,599		9	$	1,805

The following table presents the amount of troubled debt restructurings included in covered loans, by types of concessions made, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		—	$	—		1	$	24
Forbearance of Principal		—		—		1		26
Rate Reduction Only		78		7,835		6		374
Rate Reduction, Forbearance of Interest		3		88		3		45
Rate Reduction, Forbearance of Principal		6		1,298		1		128
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Rate Reduction Only		68	$	7,510		6	$	457
Rate Reduction, Forbearance of Interest		3		88		4		96
Rate Reduction, Forbearance of Principal		5		811		1		133
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Type of Concession:	#		Balance (in thousands)		#		Balance (in thousands)
Forbearance of Interest		4	$	260		1	$	11
Rate Reduction Only		57		9,051		3		140
Rate Reduction, Forbearance of Interest		4		129		—		—
Rate Reduction, Forbearance of Principal		5		813		—		—
Total		70	$	10,253		4	$	151

The following table presents the amount of troubled debt restructurings included in covered loans, by collateral types, classified separately as accrual and non-accrual at June 30, 2014, December 31, 2013 and June 30, 2013:

As of June 30, 2014	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		—	$	—		2	$	38
Hotel & Motel		1		175		—		—
Office		1		488		—		—
Retail, including Strip Centers		2		280		1		128
1-4 Family Residential		83		8,278		8		407
Automobile/Equipment/Inventory		—		—		1		24
Total		87	$	9,221		12	$	597
As of December 31, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		—	$	—		1	$	16
Hotel & Motel		1		172		—		—
Retail, including Strip Centers		2		283		1		134
1-4 Family Residential		73		7,954		7		469
Automobile/Equipment/Inventory		—		—		2		67
Total		76	$	8,409		11	$	686
As of June 30, 2013	Accruing Loans				Non-Accruing Loans
Collateral type:	#		Balance (in thousands)		#		Balance (in thousands)
Raw Land		1	$	366		1	$	10
Hotel & Motel		1		170		—		—
Retail, including Strip Centers		2		277		1		19
1-4 Family Residential		65		9,400		2		122
Automobile/Equipment/Inventory		1		40		—		—
Total		70	$	10,253		4	$	151

Allowance for Loan Losses

The allowance for loan losses represents an allowance for probable incurred losses in the loan portfolio. The adequacy of the allowance for loan losses is evaluated periodically based on a review of all significant loans, with a particular emphasis on non-accruing, past due and other loans that management believes might be potentially impaired or warrant additional attention. The Company segregates the loan portfolio by type of loan and utilizes this segregation in evaluating exposure to risks within the portfolio. In addition, based on internal reviews and external reviews performed by independent auditors and regulatory authorities, the Company further segregates the loan portfolio by loan grades based on an assessment of risk for a particular loan or group of loans. Certain reviewed loans are assigned specific allowances when a review of relevant data determines that a general allocation is not sufficient or when the review affords management the opportunity to adjust the amount of exposure in a given credit. In establishing allowances, management considers historical loan loss experience but adjusts this data with a significant emphasis on data such as current loan quality trends, current economic conditions and other factors in the markets where the Company operates. Factors considered include, among others, current valuations of real estate in their markets, unemployment rates, the effect of weather conditions on agricultural related entities and other significant local economic events.

The Company has developed a methodology for determining the adequacy of the allowance for loan losses which is monitored by the Company’s Chief Credit Officer. Procedures provide for the assignment of a risk rating for every loan included in the total loan portfolio, with the exception of credit card receivables and overdraft protection loans which are treated as pools for risk rating purposes. The risk rating schedule provides nine ratings of which five ratings are classified as pass ratings and four ratings are classified as criticized ratings. Each risk rating is assigned a percentage factor to be applied to the loan balance to determine the adequate amount of reserve. Relationships greater than $250,000 are reviewed annually by the Bank’s independent internal loan review department or an independent third party loan review firm. As a result of these loan reviews, certain loans may be identified as having deteriorating credit quality. Other loans that surface as problem loans may also be assigned specific reserves. Past due loans are assigned risk ratings based on the number of days past due. The calculation of the allowance for loan losses, including underlying data and assumptions, is reviewed regularly by the Company’s Chief Financial Officer and the loan review department.

Loan losses are charged against the allowance when management believes the collection of a loan’s principal is unlikely. Subsequent recoveries are credited to the allowance. Consumer loans are charged-off in accordance with the Federal Financial Institutions Examination Council’s (“FFIEC”) Uniform Retail Credit Classification and Account Management Policy. Commercial loans are charged-off when they are deemed uncollectible, which usually involves a triggering event within the collection effort. If the loan is collateral dependent, the loss is more easily identified and is charged-off when it is identified, usually based upon receipt of an appraisal. However, when a loan has guarantor support, the Company may carry the estimated loss as a reserve against the loan while collection efforts with the guarantor are pursued. If, after collection efforts with the guarantor are complete, the deficiency is still considered uncollectible, the loss is charged-off and any further collections are treated as recoveries. In all situations, when a loan is downgraded to an Asset Quality Rating of 60 (Loss per the regulatory guidance), the uncollectible portion is charged-off.

During the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013, the Company recorded provision for loan loss expense of $593,000, $1.5 million and $790,000, respectively, to account for losses where the initial estimate of cash flows was found to be excessive on loans acquired in FDIC-assisted transactions. These amounts are excluded from the rollforwards below but are reflected in the Company’s Consolidated Statements of Earnings and Comprehensive Income. Charge-offs on purchased covered loans are recorded when impairment is recorded and provision expense is recorded net of the indemnification by the FDIC loss-share agreements.

The following table details activity in the allowance for loan losses by portfolio segment for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2014	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Provision for loan losses		1,087			(89	)		1,074			(66	)		492			2,498
Loans charged off		(908	)		(222	)		(1,302	)		(933	)		(214	)		(3,579	)
Recoveries of loans previously charged off		183			204			152			131			288			958
Balance, June 30, 2014	$	2,185		$	5,431		$	8,317		$	5,166		$	1,155		$	22,254
Period-end amount allocated to:
Loans individually evaluated for impairment	$	282		$	710		$	1,652		$	801		$	—		$	3,445
Loans collectively evaluated for impairment		1,903			4,721			6,665			4,365			1,155			18,809
Ending balance	$	2,185		$	5,431		$	8,317		$	5,166		$	1,155		$	22,254
Loans:
Individually evaluated for impairment	$	855		$	3,264		$	16,865		$	11,538		$	—		$	32,522
Collectively evaluated for impairment		303,733			146,082			833,135			411,193			43,394			1,737,537
Ending balance	$	304,588		$	149,346		$	850,000		$	422,731		$	43,394		$	1,770,059
	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		711			1,742			2,777			4,463			254			9,947
Loans charged off		(1,759	)		(2,020	)		(3,571	)		(5,215	)		(719	)		(13,284	)
Recoveries of loans previously charged off		432			473			30			888			298			2,121
Balance, December 31, 2013	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Period-end amount allocated to:
Loans individually evaluated for impairment	$	356		$	407		$	1,427		$	1,395		$	—		$	3,585
Loans collectively evaluated for impairment		1,467			5,131			6,966			4,639			589			18,792
Ending balance	$	1,823		$	5,538		$	8,393		$	6,034		$	589		$	22,377
Loans:
Individually evaluated for impairment	$	3,457		$	3,581		$	15,240		$	16,925		$	—		$	39,203
Collectively evaluated for impairment		240,916			142,790			793,083			349,957			52,505			1,579,251
Ending balance	$	244,373		$	146,371		$	808,323		$	366,882		$	52,505		$	1,618,454

	Commercial, financial & agricultural			Real estate - construction & development			Real estate - commercial & farmland			Real estate - residential			Consumer installment loans and Other			Total
	(Dollars in Thousands)
Balance, January 1, 2013	$	2,439		$	5,343		$	9,157		$	5,898		$	756		$	23,593
Provision for loan losses		1,118			1,526			1,420			2,340			(106	)		6,298
Loans charged off		(734	)		(1,231	)		(1,793	)		(2,107	)		(371	)		(6,236	)
Recoveries of loans previously charged off		128			4			13			229			188			562
Balance, June 30, 2013	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Period-end amount allocated to:
Loans individually evaluated for impairment	$	876		$	467		$	1,629		$	1,573		$	—		$	4,545
Loans collectively evaluated for impairment		2,075			5,175			7,168			4,787			467			19,672
Ending balance	$	2,951		$	5,642		$	8,797		$	6,360		$	467		$	24,217
Loans:
Individually evaluated for impairment	$	3,705		$	3,935		$	15,842		$	15,329		$	—		$	38,811
Collectively evaluated for impairment		204,719			130,672			772,812			342,356			66,457			1,517,016
Ending balance	$	208,424		$	134,607		$	788,654		$	357,685		$	66,457		$	1,555,827

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ASSETS ACQUIRED IN FDIC-ASSISTED ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2014

Banking And Thrift [Abstract]

Schedule of Acquisition Details

From October 2009 through July 2012, the Company participated in ten FDIC-assisted acquisitions whereby the Company purchased certain failed institutions out of the FDIC’s receivership. These institutions include the following:

Bank Acquired	Location:	Branches:	Date Acquired
American United Bank (“AUB”)	Lawrenceville, Ga.	1	October 23, 2009
United Security Bank (“USB”)	Sparta, Ga.	2	November 6, 2009
Satilla Community Bank (“SCB”)	St. Marys, Ga.	1	May 14, 2010
First Bank of Jacksonville (“FBJ”)	Jacksonville, Fl.	2	October 22, 2010
Tifton Banking Company (“TBC”)	Tifton, Ga.	1	November 12, 2010
Darby Bank & Trust (“DBT”)	Vidalia, Ga.	7	November 12, 2010
High Trust Bank (“HTB”)	Stockbridge, Ga.	2	July 15, 2011
One Georgia Bank (“OGB”)	Midtown Atlanta, Ga.	1	July 15, 2011
Central Bank of Georgia (“CBG”)	Ellaville, Ga.	5	February 24, 2012
Montgomery Bank & Trust (“MBT”)	Ailey, Ga.	2	July 6, 2012

Components of Covered Assets

The following table summarizes components of all covered assets at June 30, 2014, December 31, 2013 and June 30, 2013 and their origin:

	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
	(Dollars in Thousands)
As of June 30, 2014:
AUB	$	9,106	$	133	$	8,973	$	1,690	$	—	$	1,690	$	10,663	$	1,676
USB		14,030		805		13,225		2,927		62		2,865		16,090		920
SCB		30,545		954		29,591		3,332		308		3,024		32,615		3,073
FBJ		23,264		2,696		20,568		1,734		135		1,599		22,167		2,752
DBT		81,700		8,774		72,926		12,766		913		11,853		84,779		10,119
TBC		28,363		1,853		26,510		4,493		758		3,735		30,245		3,543
HTB		59,267		6,535		52,732		4,130		1,349		2,781		55,513		9,000
OGB		49,501		4,937		44,564		7,964		2,984		4,980		49,544		7,268
CBG		71,959		9,798		62,161		7,432		1,533		5,899		68,060		10,829
Total	$	367,735	$	36,485	$	331,250	$	46,468	$	8,042	$	38,426	$	369,676	$	49,180
	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
	(Dollars in Thousands)
As of December 31, 2013:
AUB	$	15,787	$	231	$	15,556	$	4,264	$	—	$	4,264	$	19,820	$	1,452
USB		18,504		1,427		17,077		2,865		141		2,724		19,801		889
SCB		34,637		1,483		33,154		3,461		303		3,158		36,312		3,175
FBJ		25,891		3,730		22,161		1,880		242		1,638		23,799		3,689
DBT		105,157		17,819		87,338		17,023		1,282		15,741		103,079		18,724
TBC		32,590		2,354		30,236		4,844		745		4,099		34,335		3,721
HTB		67,126		7,359		59,767		6,374		2,304		4,070		63,837		9,325
OGB		58,512		5,067		53,445		7,506		2,984		4,522		57,967		9,645
CBG		85,118		13,615		71,503		7,610		1,933		5,677		77,180		14,821
Total	$	443,322	$	53,085	$	390,237	$	55,827	$	9,934	$	45,893	$	436,130	$	65,441

	Covered loans		Less: Fair value adjustments		Total covered loans		OREO		Less: Fair value adjustments		Total covered OREO		Total covered assets		FDIC indemnification asset
	(Dollars in Thousands)
As of June 30, 2013:
AUB	$	23,721	$	2,114	$	21,607	$	4,847	$	—	$	4,847	$	26,454	$	4,526
USB		23,298		2,552		20,746		4,127		140		3,987		24,733		5,802
SCB		38,478		2,882		35,596		4,655		306		4,349		39,945		4,603
FBJ		29,154		5,086		24,068		2,037		209		1,828		25,896		5,632
DBT		132,707		27,386		105,321		23,594		2,003		21,591		126,912		27,957
TBC		37,560		3,299		34,261		7,069		1,650		5,419		39,680		6,083
HTB		74,867		9,747		65,120		10,868		3,436		7,432		72,552		13,314
OGB		70,644		11,568		59,076		10,244		3,948		6,296		65,372		14,591
CBG		99,363		21,641		77,722		8,519		2,090		6,429		84,151		23,005
Total	$	529,792	$	86,275	$	443,517	$	75,960	$	13,782	$	62,178	$	505,695	$	105,513

Loan-by-Loan Basis Performance of Fair Value Adjustments

The adjustments are performed on a loan-by-loan basis and have resulted in the following adjustments for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013:

Total Amounts	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan)	$	5,850	$	51,003	$	39,278
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		2,965		7,695		3,950
Amounts reflected in the Company’s Statement of Operations	June 30, 2014		December 31, 2013		June 30, 2013
	(Dollars in Thousands)
Adjustments needed where the Company’s initial estimate of cash flows were underestimated: (recorded with a reclassification from non-accretable difference to accretable discount to be accreted into income over remaining term of the loan)	$	1,170	$	10,201	$	2,942
Adjustments needed where the Company’s initial estimate of cash flows were overstated: (recorded through a provision for loan losses)		593		1,539		790

Changes in FDIC Shared-Loss Receivable

Changes in the FDIC shared-loss receivable for the six months ended June 30, 2014, for the year ended December 31, 2013 and for the six months ended June 30, 2013 are as follows:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	65,441		$	159,724		$	159,724
Indemnification asset recorded in acquisitions		—			—			—
Payments received from FDIC		(10,576	)		(68,822	)		(45,604	)
Effect of change in expected cash flows on covered assets		(5,685	)		(25,461	)		(8,607	)
Ending balance	$	49,180		$	65,441		$	105,513

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BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Newly Issued Accounting Pronouncements

Newly Issued Accounting Pronouncements

ASU 2014-09 – Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 provides guidance that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 is effective prospectively, for annual and interim periods, beginning after December 15, 2016. The Company is currently evaluating the impact this standard will have on the Company’s results of operations, financial position or disclosures.

ASU 2014-04 – Receivables – Troubled Debt Restructurings by Creditors (“ASU 2014-04”). ASU 2014-04 clarifies when a creditor should reclassify mortgage loans collateralized by residential real estate from loans to other real estate owned. It defines when an
in-substance repossession or foreclosure has occurred and when a creditor is considered to have received physical possession of residential real estate collateralizing a mortgage loan. ASU 2014-04 is effective for fiscal years beginning after December 31, 2014, and early adoption is permitted. It can be applied either prospectively or using a modified retrospective transition method. The Company is evaluating the impact this standard may have on the Company’s results of operations, financial position or disclosures.

ASU 2013-11 - Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward. However, if a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of these revisions did not have a material impact on the Company’s results of operations, financial position or disclosures.

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Segment Reporting - Schedule of Financial Information with Respect to Company's Reportable Business Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]
Net interest income	$ 35,264	$ 29,476	$ 69,748	$ 57,814
Provision for loan losses	1,365	4,165	3,091	7,088
Noninterest income	15,819	11,384	28,573	22,744
Noninterest expense:
Salaries and employee benefits	16,942	13,381	34,336	27,187
Equipment and occupancy expenses	4,071	2,978	8,135	5,909
Data processing and telecommunications expenses	3,940	2,836	7,394	5,406
Other expenses	12,365	7,493	20,692	17,070
Total noninterest expense	37,318	26,688	70,557	55,572
Income before income tax expense	12,400	10,007	24,673	17,898
Income tax expense	4,270	3,329	8,193	5,935
Net income	8,130	6,678	16,480	11,963
Less preferred stock dividends		442	286	883
Net income available to common shareholders	8,130	6,236	16,194	11,080
Total assets	3,973,135	2,808,675	3,973,135	2,808,675	3,667,649
Stockholders' equity	343,399	287,777	343,399	287,777	316,699
Retail Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	33,925	28,517	67,309	56,283
Provision for loan losses	1,365	4,165	3,091	7,088
Noninterest income	8,817	6,383	16,407	13,279
Noninterest expense:
Salaries and employee benefits	13,005	10,478	26,831	21,515
Equipment and occupancy expenses	3,771	2,781	7,533	5,546
Data processing and telecommunications expenses	3,597	2,634	6,929	5,105
Other expenses	11,053	6,444	18,565	15,334
Total noninterest expense	31,426	22,337	59,858	47,500
Income before income tax expense	9,951	8,398	20,767	14,974
Income tax expense	3,413	2,766	6,826	4,912
Net income	6,538	5,632	13,941	10,062
Less preferred stock dividends		442	286	883
Net income available to common shareholders	6,538	5,190	13,655	9,179
Total assets	3,797,850	2,695,554	3,797,850	2,695,554
Stockholders' equity	345,256	286,127	345,256	286,127
Mortgage Banking [Member]
Segment Reporting Information [Line Items]
Net interest income	1,339	959	2,439	1,531
Noninterest income	7,002	5,001	12,166	9,465
Noninterest expense:
Salaries and employee benefits	3,937	2,903	7,505	5,672
Equipment and occupancy expenses	300	197	602	363
Data processing and telecommunications expenses	343	202	465	301
Other expenses	1,312	1,049	2,127	1,736
Total noninterest expense	5,892	4,351	10,699	8,072
Income before income tax expense	2,449	1,609	3,906	2,924
Income tax expense	857	563	1,367	1,023
Net income	1,592	1,046	2,539	1,901
Net income available to common shareholders	1,592	1,046	2,539	1,901
Total assets	175,285	113,121	175,285	113,121
Stockholders' equity	$ 1,857	$ 1,650	$ 1,857	$ 1,650

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COMMITMENTS

6 Months Ended

Jun. 30, 2014

Commitments And Contingencies Disclosure [Abstract]

COMMITMENTS

NOTE 8 – COMMITMENTS

The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets.

The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company uses the same credit policies in making commitments and conditional obligations as are used for on-balance-sheet instruments.

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.

The Company issues standby letters of credit, which are conditional commitments issued to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements and expire in decreasing amounts with varying terms. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company holds various assets as collateral supporting those commitments for which collateral is deemed necessary.

The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held may include accounts receivable, inventory, property, plant and equipment, residential real estate and income-producing commercial properties.

The Company’s commitments to extend credit and standby letters of credit are presented in the following table:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commitments to extend credit	$	285,071	$	257,195	$	193,515
Standby letters of credit	$	8,392	$	7,665	$	7,142

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Loans - Summary of Troubled Debt Restructurings by Loan Class, Excluding Purchased Non-Covered and Covered Loans, Classified Separately Under Restructured Term (Detail) (Excluding Purchased Non-Covered and Covered Loans [Member], USD $) In Thousands, unless otherwise specified	Jun. 30, 2014 Contract	Dec. 31, 2013 Contract	Jun. 30, 2013 Contract
Loans Currently Paying Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	83	67	62
Troubled debt restructuring loans	$ 16,883	$ 15,596	$ 18,335
Loans Currently Paying Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	4	7
Troubled debt restructuring loans	272	515	1,059
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	10	8	7
Troubled debt restructuring loans	2,042	1,896	1,946
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	20	16	16
Troubled debt restructuring loans	7,895	6,396	7,529
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	34	32	31
Troubled debt restructuring loans	6,582	6,699	7,788
Loans Currently Paying Under Restructured Terms [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	14	7	1
Troubled debt restructuring loans	92	90	13
Loans That Have Defaulted Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	25	25	8
Troubled debt restructuring loans	4,197	5,301	2,248
Loans That Have Defaulted Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	3
Troubled debt restructuring loans	449	525
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	4	2	1
Troubled debt restructuring loans	69	32	29
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	3	5	2
Troubled debt restructuring loans	1,846	2,789	1,493
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	12	13	5
Troubled debt restructuring loans	1,798	1,953	726
Loans That Have Defaulted Under Restructured Terms [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	2
Troubled debt restructuring loans	$ 35	$ 2

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WEIGHTED AVERAGE SHARES OUTSTANDING

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

WEIGHTED AVERAGE SHARES OUTSTANDING

NOTE 6 – WEIGHTED AVERAGE SHARES OUTSTANDING

Earnings per share have been computed based on the following weighted average number of common shares outstanding:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2014		2013		2014		2013
	(Share Data in Thousands)				(Share Data in Thousands)
Basic shares outstanding		25,181		23,879		25,163		23,873
Plus: Dilutive effect of ISOs		120		346		118		346
Plus: Dilutive effect of Restricted grants		271		63		271		63
Diluted shares outstanding		25,572		24,288		25,552		24,282

For the three month periods ended June 30, 2014 and 2013, the Company has excluded 119,000 and 233,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive. For the six month periods ended June 30, 2014 and 2013, the Company has excluded 120,000 and 246,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive.

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OTHER BORROWINGS

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

OTHER BORROWINGS

NOTE 7 – OTHER BORROWINGS

The Company has, from time to time, utilized certain borrowing arrangements with various financial institutions to fund growth in earning assets or provide additional liquidity when appropriate spreads can be realized. At June 30, 2014 and December 31, 2013, there were $100.3 million and $194.6 million, respectively, outstanding borrowings with the Company’s correspondent banks. At June 30, 2013, there were no outstanding borrowings with the Company’s correspondent banks.

Details of other borrowings, including contractual interest rates and maturity dates are included in the following table:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Daily Rate Credit from Federal Home Loan Bank with a fixed interest rate of 0.36%	$	40,000	$	—	$	—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.20%, due July 2, 2014		5,000		—		—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.21%, due July 16, 2014		5,000		—		—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.19%, due July 23, 2014		3,000		—		—
Advance from Federal Home Loan Bank with a fixed interest rate of 0.17%, due January 24, 2014		—		165,000		—
Advances under revolving credit agreement with a regional bank with interest at 90-day LIBOR plus 4.00% (4.23% at June 30, 2014) due in August 2016, secured by subsidiary bank stock		22,500		10,000		—
Advance from correspondent bank with a fixed interest rate of 4.50%, due November 27, 2017, secured by subsidiary bank loan receivable		4,936		—		—
Subordinated debt issued by Prosperity Bank due June 2016 with an interest rate of 90-day LIBOR plus 1.60% (1.84% at June 30, 2014)		5,000		5,000		—
Subordinated debt issued by The Prosperity Banking Company due September 2016 with an interest rate of 90-day LIBOR plus 1.75% (1.98% at June 30, 2014)		14,857		14,572		—
Total	$	100,293	$	194,572	$	—

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ACCUMULATED OTHER COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

NOTE 9 – ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income for the Company consists of changes in net unrealized gains and losses on investment securities available for sale and interest rate swap derivatives. The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of June 30, 2014 and 2013:

(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2014	$	1,397		$	(1,691	)	$	(294	)
Reclassification for gains included in net income		—			(4	)		(4	)
Current year changes		(638	)		5,059			4,421
Balance, June 30, 2014	$	759		$	3,364		$	4,123
(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2013	$	(23	)	$	6,630		$	6,607
Reclassification for gains included in net income		—			(111	)		(111	)
Current year changes		1,204			(4,118	)		(2,914	)
Balance, June 30, 2013	$	1,181		$	2,401		$	3,582

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Loans - Summary of Troubled Debt Restructurings by Loan Class, Classified Separately under Restructured Terms (Detail) (Covered Loans [Member], USD $) In Thousands, unless otherwise specified	Jun. 30, 2014 Contract	Dec. 31, 2013 Contract	Jun. 30, 2013 Contract
Loans Currently Paying Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	85	66	65
Troubled debt restructuring loans	$ 8,542	$ 6,592	$ 8,599
Loans Currently Paying Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	24	27	40
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1	2
Troubled debt restructuring loans		16	2,159
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	7	5	5
Troubled debt restructuring loans	1,217	713	592
Loans Currently Paying Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	76	58	57
Troubled debt restructuring loans	7,297	5,830	5,808
Loans Currently Paying Under Restructured Terms [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1
Troubled debt restructuring loans	4	6
Loans That Have Defaulted Under Restructured Terms [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	14	21	9
Troubled debt restructuring loans	1,276	2,503	1,805
Loans That Have Defaulted Under Restructured Terms [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		1
Troubled debt restructuring loans		40
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1		1
Troubled debt restructuring loans	14		11
Loans That Have Defaulted Under Restructured Terms [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	13	20	8
Troubled debt restructuring loans	$ 1,262	$ 2,463	$ 1,794

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Loans - Summary of Troubled Debt Restructurings, Included in Covered Loans, by Collateral Types (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014 Contract	Dec. 31, 2013 Contract	Jun. 30, 2013 Contract	Jun. 30, 2012 Contract
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,100	$ 20,900	$ 20,600
Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	9,221	8,409	10,253
Accruing Loans [Member] | Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	87	76	70	70
Troubled debt restructuring loans	9,221	8,409	10,253	10,253
Accruing Loans [Member] | Covered Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts				1
Troubled debt restructuring loans				366
Accruing Loans [Member] | Covered Loans [Member] | Hotel & Motel [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1		1
Troubled debt restructuring loans	175	172		170
Accruing Loans [Member] | Covered Loans [Member] | Office [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Troubled debt restructuring loans	488
Accruing Loans [Member] | Covered Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	2		2
Troubled debt restructuring loans	280	283		277
Accruing Loans [Member] | Covered Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	83	73		65
Troubled debt restructuring loans	8,278	7,954		9,400
Accruing Loans [Member] | Covered Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts				1
Troubled debt restructuring loans				40
Non-Accruing Loans [Member] | Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	12	11	4	4
Troubled debt restructuring loans	597	686	151	151
Non-Accruing Loans [Member] | Covered Loans [Member] | Raw Land [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	1		1
Troubled debt restructuring loans	38	16		10
Non-Accruing Loans [Member] | Covered Loans [Member] | Retail, Including Strip Centers [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1		1
Troubled debt restructuring loans	128	134		19
Non-Accruing Loans [Member] | Covered Loans [Member] | 1-4 Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	8	7		2
Troubled debt restructuring loans	407	469		122
Non-Accruing Loans [Member] | Covered Loans [Member] | Automobile/Equipment/Inventory [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2
Troubled debt restructuring loans	$ 24	$ 67

XML

Loans - Summary of Trouble Debt Restructuring by Loan Class of Covered Loans (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014 Contract	Dec. 31, 2013 Contract	Jun. 30, 2013 Contract	Jun. 30, 2012 Contract
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	$ 21,100	$ 20,900	$ 20,600
Covered Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring loans	9,221	8,409	10,253
Covered Loans [Member] | Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	87	76	70	70
Troubled debt restructuring loans	9,221	8,409	10,253	10,253
Covered Loans [Member] | Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts			1
Troubled debt restructuring loans			40
Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts			2
Troubled debt restructuring loans			2,159
Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	5	4	4
Troubled debt restructuring loans	1,066	579	573
Covered Loans [Member] | Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	82	72	63
Troubled debt restructuring loans	8,155	7,830	7,481
Covered Loans [Member] | Non-Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	12	11	4	4
Troubled debt restructuring loans	597	686	151	151
Covered Loans [Member] | Non-Accruing Loans [Member] | Commercial, Financial and Agricultural [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	2
Troubled debt restructuring loans	24	67
Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Construction and Development [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1	1
Troubled debt restructuring loans	14	16	10
Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Commercial and Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	2	1	1
Troubled debt restructuring loans	152	134	19
Covered Loans [Member] | Non-Accruing Loans [Member] | Real Estate - Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	7	6	2
Troubled debt restructuring loans	403	464	122
Covered Loans [Member] | Non-Accruing Loans [Member] | Consumer Installment Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	1
Troubled debt restructuring loans	$ 4	$ 5

XML

Business Combinations - Rollforward of Acquired Non-Covered Loans With Deterioration of Credit Quality (Detail) (USD $) In Thousands, unless otherwise specified					6 Months Ended	12 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2014 Non-Covered Loans [Member]	Dec. 31, 2013 Non-Covered Loans [Member]	Jun. 30, 2014 Non-Covered Loans [Member]	Jun. 30, 2014 Loans with Deterioration of Credit Quality [Member] Non-Covered Loans [Member]	Dec. 31, 2013 Loans with Deterioration of Credit Quality [Member] Non-Covered Loans [Member]
Purchased Non Covered Loans [Line Items]
Balance, beginning of year					$ 26,189		$ 32,321	$ 67,165
Charge-offs, net of recoveries								(2,218)
Additions due to acquisitions					7,799	26,189		29,280	67,165
Other (loan payments, transfers, etc.)								(970)
Balance, end of year	$ 49,180	$ 65,441	$ 105,513	$ 159,724				$ 93,257	$ 67,165

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Loans - Analysis of Information Pertaining to Impaired Loans, Excluding Purchased Non-Covered and Covered Loans (Detail) (Excluding Purchased Non-Covered and Covered Loans [Member], USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	$ 50,900	$ 66,987	$ 61,024
Recorded Investment With No Allowance
Recorded Investment With Allowance	39,448	49,826	46,417
Total impaired loans	39,448	49,826	46,417
Related Allowance	3,619	5,072	3,871
Average Recorded Investment	43,814	54,481	51,721
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	3,398	7,723	6,240
Recorded Investment With No Allowance
Recorded Investment With Allowance	1,852	5,384	4,618
Total impaired loans	1,852	5,384	4,618
Related Allowance	298	1,018	435
Average Recorded Investment	3,397	4,960	4,844
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	9,336	15,324	11,363
Recorded Investment With No Allowance
Recorded Investment With Allowance	5,532	7,394	5,867
Total impaired loans	5,532	7,394	5,867
Related Allowance	798	687	512
Average Recorded Investment	5,811	9,894	8,341
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	19,215	19,759	18,456
Recorded Investment With No Allowance
Recorded Investment With Allowance	16,421	16,491	15,479
Total impaired loans	16,421	16,491	15,479
Related Allowance	1,629	1,657	1,443
Average Recorded Investment	16,394	18,692	17,559
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	18,313	23,373	24,342
Recorded Investment With No Allowance
Recorded Investment With Allowance	15,131	19,893	19,970
Total impaired loans	15,131	19,893	19,970
Related Allowance	884	1,692	1,472
Average Recorded Investment	17,698	20,178	20,335
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Contractual Principal Balance	638	808	623
Recorded Investment With No Allowance
Recorded Investment With Allowance	512	664	483
Total impaired loans	512	664	483
Related Allowance	10	18	9
Average Recorded Investment	$ 514	$ 757	$ 642

XML

INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2014

Investments Debt And Equity Securities [Abstract]

Amortized Cost and Estimated Fair Value of Securities Available for Sale

The amortized cost and estimated fair value of investment securities available for sale at June 30, 2014, December 31, 2013 and June 30, 2013 are presented below:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in Thousands)
June 30, 2014:
U. S. government agencies	$	14,950	$	—	$	(505	)	$	14,445
State, county and municipal securities		143,507		3,136		(863	)		145,780
Corporate debt securities		10,805		284		(131	)		10,958
Mortgage-backed securities		361,194		5,435		(2,182	)		364,447
Total securities	$	530,456	$	8,855	$	(3,681	)	$	535,630
December 31, 2013:
U. S. government agencies	$	14,947	$	—	$	(1,021	)	$	13,926
State, county and municipal securities		112,659		2,269		(2,174	)		112,754
Corporate debt securities		10,311		275		(261	)		10,325
Collateralized debt obligations		1,480		—		—			1,480
Mortgage-backed securities		349,441		2,347		(4,038	)		347,750
Total securities	$	488,838	$	4,891	$	(7,494	)	$	486,235
June 30, 2013:
U. S. government agencies	$	14,944	$	—	$	(609	)	$	14,335
State, county and municipal securities		109,793		3,708		(742	)		112,759
Corporate debt securities		10,543		311		(764	)		10,090
Mortgage-backed securities		177,196		3,824		(2,036	)		178,984
Total securities	$	312,476	$	7,843	$	(4,151	)	$	316,168

Amortized Cost and Fair Value of Debt Securities Available for Sale Securities by Contractual Maturity

The amortized cost and fair value of available-for-sale securities at June 30, 2014 by contractual maturity are summarized in the table below. Expected maturities for mortgage-backed securities may differ from contractual maturities because in certain cases borrowers can prepay obligations without prepayment penalties. Therefore, these securities are not included in the following maturity summary:

	Amortized Cost		Fair Value
	(Dollars in Thousands)
Due in one year or less	$	5,055	$	5,123
Due from one year to five years		41,290		42,911
Due from five to ten years		66,456		66,794
Due after ten years		56,461		56,355
Mortgage-backed securities		361,194		364,447
	$	530,456	$	535,630

Schedule of Gross Unrealized Losses and Fair Value of Securities

The following table details the gross unrealized losses and fair value of securities aggregated by category and duration of continuous unrealized loss position at June 30, 2014, December 31, 2013 and June 30, 2013.

	Less Than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)
June 30, 2014:
U. S. government agencies	$	—	$	—		$	14,445	$	(505	)	$	14,445	$	(505	)
State, county and municipal securities		4,088		(35	)		29,203		(828	)		33,291		(863	)
Corporate debt securities		—		—			4,945		(131	)		4,945		(131	)
Mortgage-backed securities		25,107		(65	)		51,039		(2,117	)		76,146		(2,182	)
Total temporarily impaired securities	$	29,195	$	(100	)	$	99,632	$	(3,581	)	$	128,827	$	(3,681	)
December 31, 2013:
U. S. government agencies	$	13,926	$	(1,021	)	$	—	$	—		$	13,926	$	(1,021	)
State, county and municipal securities		47,401		(1,882	)		3,794		(292	)		51,195		(2,174	)
Corporate debt securities		—		—			4,826		(261	)		4,826		(261	)
Collateralized debt obligations		—		—			—		—			—		—
Mortgage-backed securities		94,989		(2,493	)		23,388		(1,545	)		118,377		(4,038	)
Total temporarily impaired securities	$	156,316	$	(5,396	)	$	32,008	$	(2,098	)	$	188,324	$	(7,494	)
June 30, 2013:
U. S. government agencies	$	14,335	$	(609	)	$	—	$	—		$	14,335	$	(609	)
State, county and municipal securities		36,268		(726	)		497		(16	)		36,765		(742	)
Corporate debt securities		—		—			4,333		(764	)		4,333		(764	)
Mortgage-backed securities		68,031		(2,036	)		925		—			68,956		(2,036	)
Total temporarily impaired securities	$	118,634	$	(3,371	)	$	5,755	$	(780	)	$	124,389	$	(4,151	)

Gains and Losses on Sales of Securities Available for Sale

The following table is a summary of sales activities in the Company’s investment securities available for sale for the six months ended June 30, 2014, year ended December 31, 2013 and six months ended June 30, 2013:

	June 30, 2014			December 31, 2013			June 30, 2013
	(Dollars in Thousands)
Gross gains on sales of securities	$	8		$	353		$	353
Gross losses on sales of securities		(2	)		(182	)		(182	)
Net realized gains on sales of securities available for sale	$	6		$	171		$	171
Sales proceeds	$	69,768		$	36,669		$	31,340

XML

COMMITMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Commitments And Contingencies Disclosure [Abstract]

Summary of Commitments to Extend Credit and Standby Letters of Credit

The Company’s commitments to extend credit and standby letters of credit are presented in the following table:

(Dollars in Thousands)	June 30, 2014		December 31, 2013		June 30, 2013
Commitments to extend credit	$	285,071	$	257,195	$	193,515
Standby letters of credit	$	8,392	$	7,665	$	7,142

XML

Loans - Summary of Covered Past Due Financial Receivables (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	$ 8,400		$ 20,700
Total Loans	1,770,059	1,618,454	1,555,827
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	9,456	20,990	13,572
Loans 60-89 Days Past Due	1,804	6,434	5,891
Loans 90 or More Days Past Due	31,055	57,197	76,904
Total Loans Past Due	42,315	84,621	96,367
Current Loans	288,935	305,616	347,150
Total Loans	331,250	390,237	443,517
Loans 90 Days or More Past Due and Still Accruing		346	1,107
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	304,588	244,373	208,424
Commercial, Financial and Agricultural [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	16	3,966	529
Loans 60-89 Days Past Due	467	12	441
Loans 90 or More Days Past Due	6,909	6,165	7,333
Total Loans Past Due	7,392	10,143	8,303
Current Loans	17,817	16,407	19,068
Total Loans	25,209	26,550	27,371
Loans 90 Days or More Past Due and Still Accruing			63
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	149,346	146,371	134,607
Real Estate - Construction and Development [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	551	843	2,672
Loans 60-89 Days Past Due	459	144	743
Loans 90 or More Days Past Due	7,708	14,055	15,911
Total Loans Past Due	8,718	15,042	19,326
Current Loans	22,882	28,137	33,646
Total Loans	31,600	43,179	52,972
Loans 90 Days or More Past Due and Still Accruing			348
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	850,000	808,323	788,654
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	6,399	8,482	4,020
Loans 60-89 Days Past Due	139	4,350	3,929
Loans 90 or More Days Past Due	10,443	26,428	41,250
Total Loans Past Due	16,981	39,260	49,199
Current Loans	171,662	185,191	205,903
Total Loans	188,643	224,451	255,102
Loans 90 Days or More Past Due and Still Accruing		346	636
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	422,731	366,882	357,685
Real Estate - Residential [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	2,490	7,648	6,283
Loans 60-89 Days Past Due	690	1,914	772
Loans 90 or More Days Past Due	5,939	10,244	12,155
Total Loans Past Due	9,119	19,806	19,210
Current Loans	76,399	75,367	87,897
Total Loans	85,518	95,173	107,107
Loans 90 Days or More Past Due and Still Accruing			60
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	31,902	34,249	36,923
Consumer Installment Loans [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due		51	68
Loans 60-89 Days Past Due	49	14	6
Loans 90 or More Days Past Due	56	305	255
Total Loans Past Due	105	370	329
Current Loans	175	514	636
Total Loans	$ 280	$ 884	$ 965

XML

Securities - Gains and Losses on Sales of Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Amortized Cost And Fair Value Debt Securities [Abstract]
Gross gains on sales of securities	$ 8	$ 353	$ 353
Gross losses on sales of securities	(2)	(182)	(182)
Net realized gains on sales of securities available for sale	6	171	171
Sales proceeds	$ 69,768	$ 31,340	$ 36,669

XML

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $) In Thousands, except Share data	Total	Preferred Stock [Member]	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income, Net of Tax [Member]	Treasury Stock [Member]
Balance at beginning of period at Dec. 31, 2012		$ 27,662	$ 25,155	$ 164,949	$ 65,710	$ 6,607	$ (11,066)
Balance at beginning of period, shares at Dec. 31, 2012		28,000	25,154,818				(1,355,050)
Stock-based compensation				395
Net income	11,963				11,963
Other comprehensive income (loss)	(3,025)					(3,025)
Issuance of restricted shares			83	(83)
Repurchase of preferred stock		183
Purchase of treasury shares							(116)
Issuance of restricted shares, shares			83,400
Purchase of treasury shares, shares							(8,292)
Dividends on preferred shares					(700)
Cancellation of restricted shares			(1)	1
Accretion of fair value of warrant		183			(183)
Cancellation of restricted shares, shares			(1,000)
Proceeds from exercise of stock options			21	222
Proceeds from exercise of stock options, shares			20,451
Balance at end of period at Jun. 30, 2013	287,777	27,845	25,258	165,484	76,790	3,582	(11,182)
Balance at end of period, shares at Jun. 30, 2013		28,000	25,257,669				(1,363,342)
Balance at beginning of period at Dec. 31, 2013	316,699	28,000	26,462	189,722	83,991	(294)	(11,182)
Balance at beginning of period, shares at Dec. 31, 2013		28,000	26,461,769				(1,363,342)
Stock-based compensation				1,012
Net income	16,480				16,480
Other comprehensive income (loss)	4,417					4,417
Issuance of restricted shares			68	(68)
Repurchase of preferred stock		(28,000)
Purchase of treasury shares							(432)
Cash dividends declared, $0.05 per share					(1,338)
Issuance of restricted shares, shares			68,047
Repurchase of preferred stock, shares		(28,000)
Purchase of treasury shares, shares							(20,154)
Dividends on preferred shares					(286)
Issuance of common stock			1,599	32,875
Issuance of common stock,Shares			1,598,987
Proceeds from exercise of stock options			26	347
Proceeds from exercise of stock options, shares			26,514
Balance at end of period at Jun. 30, 2014	$ 343,399		$ 28,155	$ 223,888	$ 98,847	$ 4,123	$ (11,614)
Balance at end of period, shares at Jun. 30, 2014			28,155,317				(1,383,496)

XML

INVESTMENT SECURITIES

6 Months Ended

Jun. 30, 2014

Investments Debt And Equity Securities [Abstract]

INVESTMENT SECURITIES

NOTE 3 – INVESTMENT SECURITIES

The Company’s investment policy blends the Company’s liquidity needs and interest rate risk management with its desire to increase income and provide funds for expected growth in loans. The investment securities portfolio consists primarily of U.S. government sponsored mortgage-backed securities and agencies, state, county and municipal securities and corporate debt securities. The Company’s portfolio and investing philosophy concentrate activities in obligations where the credit risk is limited. For the small portion of the Company’s portfolio found to present credit risk, the Company has reviewed the investments and financial performance of the obligors and believes the credit risk to be acceptable.

The amortized cost and estimated fair value of investment securities available for sale at June 30, 2014, December 31, 2013 and June 30, 2013 are presented below:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in Thousands)
June 30, 2014:
U. S. government agencies	$	14,950	$	—	$	(505	)	$	14,445
State, county and municipal securities		143,507		3,136		(863	)		145,780
Corporate debt securities		10,805		284		(131	)		10,958
Mortgage-backed securities		361,194		5,435		(2,182	)		364,447
Total securities	$	530,456	$	8,855	$	(3,681	)	$	535,630
December 31, 2013:
U. S. government agencies	$	14,947	$	—	$	(1,021	)	$	13,926
State, county and municipal securities		112,659		2,269		(2,174	)		112,754
Corporate debt securities		10,311		275		(261	)		10,325
Collateralized debt obligations		1,480		—		—			1,480
Mortgage-backed securities		349,441		2,347		(4,038	)		347,750
Total securities	$	488,838	$	4,891	$	(7,494	)	$	486,235
June 30, 2013:
U. S. government agencies	$	14,944	$	—	$	(609	)	$	14,335
State, county and municipal securities		109,793		3,708		(742	)		112,759
Corporate debt securities		10,543		311		(764	)		10,090
Mortgage-backed securities		177,196		3,824		(2,036	)		178,984
Total securities	$	312,476	$	7,843	$	(4,151	)	$	316,168

The amortized cost and fair value of available-for-sale securities at June 30, 2014 by contractual maturity are summarized in the table below. Expected maturities for mortgage-backed securities may differ from contractual maturities because in certain cases borrowers can prepay obligations without prepayment penalties. Therefore, these securities are not included in the following maturity summary:

	Amortized Cost		Fair Value
	(Dollars in Thousands)
Due in one year or less	$	5,055	$	5,123
Due from one year to five years		41,290		42,911
Due from five to ten years		66,456		66,794
Due after ten years		56,461		56,355
Mortgage-backed securities		361,194		364,447
	$	530,456	$	535,630

Securities with a carrying value of approximately $228.3 million serve as collateral to secure public deposits and for other purposes required or permitted by law at June 30, 2014, compared to $399.0 million and $224.5 million at December 31, 2013 and June 30, 2013, respectively.

The following table details the gross unrealized losses and fair value of securities aggregated by category and duration of continuous unrealized loss position at June 30, 2014, December 31, 2013 and June 30, 2013.

	Less Than 12 Months					12 Months or More					Total
Description of Securities	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
	(Dollars in Thousands)
June 30, 2014:
U. S. government agencies	$	—	$	—		$	14,445	$	(505	)	$	14,445	$	(505	)
State, county and municipal securities		4,088		(35	)		29,203		(828	)		33,291		(863	)
Corporate debt securities		—		—			4,945		(131	)		4,945		(131	)
Mortgage-backed securities		25,107		(65	)		51,039		(2,117	)		76,146		(2,182	)
Total temporarily impaired securities	$	29,195	$	(100	)	$	99,632	$	(3,581	)	$	128,827	$	(3,681	)
December 31, 2013:
U. S. government agencies	$	13,926	$	(1,021	)	$	—	$	—		$	13,926	$	(1,021	)
State, county and municipal securities		47,401		(1,882	)		3,794		(292	)		51,195		(2,174	)
Corporate debt securities		—		—			4,826		(261	)		4,826		(261	)
Collateralized debt obligations		—		—			—		—			—		—
Mortgage-backed securities		94,989		(2,493	)		23,388		(1,545	)		118,377		(4,038	)
Total temporarily impaired securities	$	156,316	$	(5,396	)	$	32,008	$	(2,098	)	$	188,324	$	(7,494	)
June 30, 2013:
U. S. government agencies	$	14,335	$	(609	)	$	—	$	—		$	14,335	$	(609	)
State, county and municipal securities		36,268		(726	)		497		(16	)		36,765		(742	)
Corporate debt securities		—		—			4,333		(764	)		4,333		(764	)
Mortgage-backed securities		68,031		(2,036	)		925		—			68,956		(2,036	)
Total temporarily impaired securities	$	118,634	$	(3,371	)	$	5,755	$	(780	)	$	124,389	$	(4,151	)

Management and the Company’s Asset and Liability Committee (the “ALCO Committee”) evaluate securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. While the majority of the unrealized losses on debt securities relate to changes in interest rates, corporate debt securities have also been affected by reduced levels of liquidity and higher risk premiums. Occasionally, management engages independent third parties to evaluate the Company’s position in certain corporate debt securities to aid management and the ALCO Committee in its determination regarding the status of impairment. The Company believes that each investment poses minimal credit risk and further, that the Company does not intend to sell these investment securities at an unrealized loss position at June 30, 2014, and it is more likely than not that the Company will not be required to sell these securities prior to recovery or maturity. Therefore, at June 30, 2014, these investments are not considered impaired on an other-than-temporary basis.

At December 31, 2013 and 2012, all of the Company’s mortgage-backed securities were obligations of government-sponsored agencies.

The following table is a summary of sales activities in the Company’s investment securities available for sale for the six months ended June 30, 2014, year ended December 31, 2013 and six months ended June 30, 2013:

	June 30, 2014			December 31, 2013			June 30, 2013
	(Dollars in Thousands)
Gross gains on sales of securities	$	8		$	353		$	353
Gross losses on sales of securities		(2	)		(182	)		(182	)
Net realized gains on sales of securities available for sale	$	6		$	171		$	171
Sales proceeds	$	69,768		$	36,669		$	31,340

XML

Loans - Summary of Credit Quality Indicate Financial Receivable (Covered Loan Portfolio) (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	$ 1,770,059	$ 1,618,454	$ 1,555,827
Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	331,250	390,237	443,517
Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,453	1,702	2,232
Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	56,918	66,963	75,216
Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	21,764	23,055	15,729
Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	146,871	157,438	180,666
Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	27,487	35,424	40,848
Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	76,757	105,655	128,826
Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	304,588	244,373	208,424
Commercial, Financial and Agricultural [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	25,209	26,550	27,371
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	1,133	2,184	2,815
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	124	134	69
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	6,569	7,508	8,469
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,398	5,125	1,999
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	12,985	11,599	14,019
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Commercial, Financial and Agricultural [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	149,346	146,371	134,607
Real Estate - Construction and Development [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	31,600	43,179	52,972
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	2	16	27
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	5,524	8,549	10,533
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	555	1,085	1,666
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	9,251	9,611	11,574
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	4,802	2,006	3,505
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	11,466	21,912	25,667
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Construction and Development [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	850,000	808,323	788,654
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	188,643	224,451	255,102
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	822	1,048	1,571
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	33,050	34,674	36,360
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	15,528	17,037	11,323
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	94,504	101,657	118,867
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	9,959	21,297	26,144
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	34,780	48,738	60,837
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Commercial and Farmland [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	422,731	366,882	357,685
Real Estate - Residential [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	85,518	95,173	107,107
Real Estate - Residential [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	629	638	634
Real Estate - Residential [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	17,143	21,363	25,277
Real Estate - Residential [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	5,557	4,748	2,671
Real Estate - Residential [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	36,507	38,427	41,408
Real Estate - Residential [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	8,326	6,979	9,175
Real Estate - Residential [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	17,356	23,018	27,942
Real Estate - Residential [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Real Estate - Residential [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	31,902	34,249	36,923
Consumer Installment Loans [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	280	884	965
Consumer Installment Loans [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	68	193	231
Consumer Installment Loans [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade		51
Consumer Installment Loans [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	40	235	348
Consumer Installment Loans [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	2	17	25
Consumer Installment Loans [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	170	388	361
Consumer Installment Loans [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Consumer Installment Loans [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade	11,492	18,256	29,534
Other [Member] | Covered Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 10 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 15 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 20 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 23 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 25 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 40 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 50 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade
Other [Member] | Covered Loans [Member] | 60 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans portfolio by risk grade

XML

Fair Value of Financial Instruments - Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	$ 126,226	$ 126,066	$ 146,817
Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	35,829	42,546	44,754
Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	35,373	33,351	39,885
Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	38,426	45,893	62,178
Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	16,598	4,276
Level 1 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 1 [Member] | Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 2 [Member] | Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value
Level 3 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	126,226	126,066	146,817
Level 3 [Member] | Impaired Loans Carried at Fair Value [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	35,829	42,546	44,754
Level 3 [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	35,373	33,351	39,885
Level 3 [Member] | Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	38,426	45,893	62,178
Level 3 [Member] | Purchased Non-Covered Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Nonrecurring assets at fair value	$ 16,598	$ 4,276

XML

Assets Acquired in FDIC-Assisted Acquisitions - Schedule of Acquisition Details (Detail)	3 Months Ended	34 Months Ended
	Jun. 30, 2014	Jul. 31, 2012 Entity
American United Bank (AUB) [Member]
Business Acquisition [Line Items]
Bank Acquired	American United Bank ("AUB")
Branches		1
Date Acquired		Oct. 23, 2009
United Security Bank (USB) [Member]
Business Acquisition [Line Items]
Bank Acquired	United Security Bank ("USB")
Branches		2
Date Acquired		Nov. 06, 2009
Satilla Community Bank (SCB) [Member]
Business Acquisition [Line Items]
Bank Acquired	Satilla Community Bank ("SCB")
Branches		1
Date Acquired		May 14, 2010
First Bank of Jacksonville (FBJ) [Member]
Business Acquisition [Line Items]
Bank Acquired	First Bank of Jacksonville ("FBJ")
Branches		2
Date Acquired		Oct. 22, 2010
Tifton Banking Company (TBC) [Member]
Business Acquisition [Line Items]
Bank Acquired	Tifton Banking Company ("TBC")
Branches		1
Date Acquired		Nov. 12, 2010
Darby Bank & Trust (DBT) [Member]
Business Acquisition [Line Items]
Bank Acquired	Darby Bank & Trust ("DBT")
Branches		7
Date Acquired		Nov. 12, 2010
High Trust Bank (HTB) [Member]
Business Acquisition [Line Items]
Bank Acquired	High Trust Bank ("HTB")
Branches		2
Date Acquired		Jul. 15, 2011
One Georgia Bank (OGB) [Member]
Business Acquisition [Line Items]
Bank Acquired	One Georgia Bank ("OGB")
Branches		1
Date Acquired		Jul. 15, 2011
Central Bank of Georgia (CBG) [Member]
Business Acquisition [Line Items]
Bank Acquired	Central Bank of Georgia ("CBG")
Branches		5
Date Acquired		Feb. 24, 2012
Montgomery Bank & Trust (MBT) [Member]
Business Acquisition [Line Items]
Bank Acquired	Montgomery Bank & Trust ("MBT")
Branches		2
Date Acquired		Jul. 06, 2012

XML

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Summary of Accumulated Other Comprehensive Income

The following tables present a summary of the accumulated other comprehensive income balances, net of tax, as of June 30, 2014 and 2013:

(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2014	$	1,397		$	(1,691	)	$	(294	)
Reclassification for gains included in net income		—			(4	)		(4	)
Current year changes		(638	)		5,059			4,421
Balance, June 30, 2014	$	759		$	3,364		$	4,123
(Dollars in Thousands)	Unrealized Gain (Loss) on Derivatives			Unrealized Gain (Loss) on Securities			Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2013	$	(23	)	$	6,630		$	6,607
Reclassification for gains included in net income		—			(111	)		(111	)
Current year changes		1,204			(4,118	)		(2,914	)
Balance, June 30, 2013	$	1,181		$	2,401		$	3,582

XML

Weighted Average Shares Outstanding - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]
Anti dilutive common shares excluded	119,000	233,000	120,000	246,000

XML

Investment Securities - Amortized Cost and Fair Value of Debt Securities Available for Sale Securities by Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Schedule of Available-for-Sale Securities [Line Items]
Due in one year or less, Amortized Cost	$ 5,055
Due from one year to five years, Amortized Cost	41,290
Due from five to ten years, Amortized Cost	66,456
Due after ten years, Amortized Cost	56,461
Total amortized cost	530,456	488,838	312,476
Due in one year or less, Estimated Fair Value	5,123
Due from one year to five years, Estimated Fair Value	42,911
Due from five to ten years, Estimated Fair Value	66,794
Due after ten years, Estimated Fair Value	56,355
Mortgage-backed securities, Amortized Cost	535,630	486,235	316,168
Mortgage-Backed Securities [Member]
Schedule of Available-for-Sale Securities [Line Items]
Mortgage-backed securities, Amortized cost	361,194
Total amortized cost	361,194	349,441	177,196
Mortgage-backed securities, Estimated Fair Value	364,447
Mortgage-backed securities, Amortized Cost	$ 364,447	$ 347,750	$ 178,984

XML

BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2014

Rollforward of Acquired Loans Deterioration of Credit Quality

A rollforward of purchased non-covered loans with deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013		June 30, 2013
Balance, January 1	$	67,165		$	—	$	—
Charge-offs, net of recoveries		(2,218	)		—		—
Additions due to acquisitions		29,280			67,165		—
Other (loan payments, transfers, etc.)		(970	)		—		—
Ending balance	$	93,257		$	67,165	$	—

Rollforward of Acquired Non-Covered Loans Without Deterioration of Credit Quality

A rollforward of purchased non-covered loans without deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	381,588		$	—		$	—
Additions due to acquisitions		249,520			382,531			—
Loan payments, transfers, etc.		(22,234	)		(943	)		—
Ending balance	$	608,874		$	381,588		$	—

Schedule of Changes in Accretable Discounts Related Acquired Loans

The following is a summary of changes in the accretable discounts of covered loans during the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	25,493		$	16,698		$	16,698
Additions due to acquisitions		—			—			—
Accretion		(15,432	)		(42,208	)		(25,841	)
Other activity, net		5,850			51,003			39,278
Ending balance	$	15,911		$	25,493		$	30,135

Coastal Bankshares, Inc. [Member]

Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table presents the assets acquired and liabilities of Coastal assumed as of June 30, 2014 and their initial fair value estimates. The fair value adjustments shown in the following table continue to be evaluated by management and may be subject to further adjustment:

(Dollars in Thousands)	As Recorded by Coastal			Fair Value Adjustments			As Recorded by Ameris
Assets
Cash and cash equivalents	$	3,895		$	—		$	3,895
Federal funds sold and interest-bearing balances		15,923			—			15,923
Investment securities		67,266			(500	)(a)		66,766
Other investments		975			—			975
Mortgage loans held for sale		7,288			—			7,288
Loans		296,141			(16,700	)(b)		279,441
Less allowance for loan losses		(3,218	)		3,218	(c)		—
Loans, net		292,923			(13,482	)		279,441
Other real estate owned		14,992			(3,528	)(d)		11,464
Premises and equipment		11,882			—			11,882
Intangible assets		507			4,266	(e)		4,773
Other assets		22,710			—			22,710
Total assets	$	438,361		$	(13,244	)	$	425,117
Liabilities
Deposits:
Noninterest-bearing	$	80,012		$	—		$	80,012
Interest-bearing		289,012			—			289,012
Total deposits		369,024			—			369,024
Federal funds purchased and securities sold under agreements to repurchase		5,428			—			5,428
Other borrowings		22,005			—			22,005
Other liabilities		6,192			—			6,192
Subordinated deferrable interest debentures		15,465			(6,413	)(f)		9,052
Total liabilities		418,114			(6,413	)		411,701
Net identifiable assets acquired over (under) liabilities assumed		20,247			(6,831	)		13,416
Goodwill		—			23,854			23,854
Net assets acquired over (under) liabilities assumed	$	20,247		$	17,023		$	37,270
Consideration:
Ameris Bancorp common shares issued		1,598,987
Purchase price per share of the Company’s common stock	$	21.56
Company common stock issued		34,474
Cash exchanged for shares		2,796
Fair value of total consideration transferred	$	37,270

Explanation of fair value adjustments

(a) Adjustment reflects the fair value adjustments of the available for sale portfolio as of the acquisition date.

(b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio.

(c) Adjustment reflects the elimination of Coastal’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 recording of core deposit intangible on the acquired core deposit accounts.

(f) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.

Prosperity Banking Company [Member]

Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table presents the assets acquired and liabilities of Prosperity assumed as of December 23, 2013 and their initial fair value estimates:

(Dollars in Thousands)	As Recorded by Prosperity			Fair Value Adjustments			As Recorded by Ameris
Assets
Cash and cash equivalents	$	4,285		$	—		$	4,285
Federal funds sold and interest-bearing balances		21,687			—			21,687
Investment securities		151,863			411	(a)		152,274
Other investments		8,727			—			8,727
Loans		487,358			(37,662	)(b)		449,696
Less allowance for loan losses		(6,811	)		6,811	(c)		—
Loans, net		480,547			(30,851	)		449,696
Other real estate owned		6,883			(1,260	)(d)		5,623
Premises and equipment		36,293			—			36,293
Intangible assets		174			4,383	(e)		4,557
Other assets		26,600			1,192	(f)		27,792
Total assets	$	737,059		$	(26,125	)	$	710,934
Liabilities
Deposits:
Noninterest-bearing	$	149,242		$	—		$	149,242
Interest-bearing		324,441			—			324,441
Total deposits		473,683			—			473,683
Federal funds purchased and securities sold under agreements to repurchase		21,530			—			21,530
Other borrowings		185,000			12,313	(g)		197,313
Other liabilities		14,058			455	(h)		14,513
Subordinated deferrable interest debentures		29,500			(16,303	)(i)		13,197
Total liabilities		723,771			(3,535	)		720,236
Net identifiable assets acquired over (under) liabilities assumed		13,288			(22,590	)		(9,302	)
Goodwill		—			34,093			34,093
Net assets acquired over (under) liabilities assumed	$	13,288		$	11,503		$	24,791
Consideration:
Ameris Bancorp common shares issued		1,168,918
Purchase price per share of the Company’s common stock	$	21.07
Company common stock issued		24,629
Cash exchanged for shares		162
Fair value of total consideration transferred	$	24,791

Explanation of fair value adjustments

(a) Adjustment reflects the fair value adjustments of the available for sale portfolio as of the acquisition date.

(b) Adjustment reflects the fair value adjustments based on the Company’s evaluation of the acquired loan portfolio.

(c) Adjustment reflects the elimination of Prosperity’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 recording of core deposit intangible on the acquired core deposit accounts.

(f) Adjustment reflects the adjustment to write-off the non-realizable portion of Prosperity’s deferred tax asset of ($6.644 million), to record the deferred tax asset generated by purchase accounting adjustments of $8.435 million and to record the fair value adjustment of other assets of ($0.599 million) at the acquisition date.

(g) Adjustment reflects the fair value adjustment (premium) to the FHLB borrowings of $12.741 million and the fair value adjustment to the subordinated debt of $0.428 million.

(h) Adjustment reflects the fair value adjustment of other liabilities at the acquisition date.

(i) Adjustment reflects the fair value adjustment to the subordinated deferrable interest debentures at the acquisition date.

Discount Accretion [Member]

Schedule of Changes in Accretable Discounts Related Acquired Loans

The following is a summary of changes in the accretable discounts of purchased non-covered loans during the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013:

(Dollars in Thousands)	June 30, 2014			December 31, 2013		June 30, 2013
Balance, January 1	$	26,189		$	—	$	—
Additions due to acquisitions		7,799			26,189		—
Accretion		(3,153	)		—		—
Other activity, net		1,486			—		—
Ending balance	$	32,321		$	26,189	$	—

Loans with Deterioration of Credit Quality [Member]

Rollforward of Acquired Loans Deterioration of Credit Quality

A rollforward of covered loans with deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	217,047		$	282,737		$	282,737
Charge-offs, net of recoveries		(1,364	)		35,306			(8,464	)
Additions due to acquisitions		—			—			—
Other (loan payments, transfers, etc.)		(37,053	)		(100,996	)		(24,658	)
Ending balance	$	178,630		$	217,047		$	249,615

Loans without Deterioration of Credit Quality [Member]

Rollforward of Acquired Loans Deterioration of Credit Quality

A rollforward of covered loans without deterioration of credit quality for the six months ended June 30, 2014, the year ended December 31, 2013 and the six months ended June 30, 2013 is shown below:

(Dollars in Thousands)	June 30, 2014			December 31, 2013			June 30, 2013
Balance, January 1	$	173,190		$	228,602		$	228,602
Additions due to acquisitions		—			—			—
Loan payments, transfers, etc.		(20,570	)		(55,412	)		(34,404	)
Ending balance	$	152,620		$	173,190		$	194,198