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