XML 78 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Earnings and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Interest income    
Interest and fees on loans $ 38,618us-gaap_InterestAndFeeIncomeLoansAndLeases $ 34,469us-gaap_InterestAndFeeIncomeLoansAndLeases
Interest on taxable securities 3,153us-gaap_InterestIncomeSecuritiesTaxable 2,985us-gaap_InterestIncomeSecuritiesTaxable
Interest on nontaxable securities 469us-gaap_InterestIncomeSecuritiesTaxExempt 335us-gaap_InterestIncomeSecuritiesTaxExempt
Interest on deposits in other banks and federal funds sold 128abcb_InterestIncomeDepositsWithFinancialInstitutionsAndFederalFundsSold 84abcb_InterestIncomeDepositsWithFinancialInstitutionsAndFederalFundsSold
Total interest income 42,368us-gaap_InterestAndDividendIncomeOperating 37,873us-gaap_InterestAndDividendIncomeOperating
Interest expense    
Interest on deposits 2,280us-gaap_InterestExpenseDeposits 2,183us-gaap_InterestExpenseDeposits
Interest on other borrowings 1,256us-gaap_InterestExpenseBorrowings 1,206us-gaap_InterestExpenseBorrowings
Total interest expense 3,536us-gaap_InterestExpense 3,389us-gaap_InterestExpense
Net interest income 38,832us-gaap_InterestIncomeExpenseNet 34,484us-gaap_InterestIncomeExpenseNet
Provision for loan losses 1,069us-gaap_ProvisionForLoanAndLeaseLosses 1,726us-gaap_ProvisionForLoanAndLeaseLosses
Net interest income after provision for loan losses 37,763us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 32,758us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income    
Service charges on deposit accounts 6,429us-gaap_FeesAndCommissionsDepositorAccounts 5,586us-gaap_FeesAndCommissionsDepositorAccounts
Mortgage banking activity 8,083us-gaap_FeesAndCommissionsMortgageBanking 5,068us-gaap_FeesAndCommissionsMortgageBanking
Other service charges, commissions and fees 668us-gaap_FeesAndCommissionsOther 652us-gaap_FeesAndCommissionsOther
Gain on sale of securities 12us-gaap_GainLossOnInvestments 6us-gaap_GainLossOnInvestments
Other noninterest income 2,383us-gaap_NoninterestIncomeOther 1,442us-gaap_NoninterestIncomeOther
Total noninterest income 17,575us-gaap_NoninterestIncome 12,754us-gaap_NoninterestIncome
Noninterest expense    
Salaries and employee benefits 20,632us-gaap_LaborAndRelatedExpense 17,394us-gaap_LaborAndRelatedExpense
Occupancy and equipment expense 4,554us-gaap_OccupancyNet 4,064us-gaap_OccupancyNet
Advertising and marketing expense 641us-gaap_MarketingAndAdvertisingExpense 710us-gaap_MarketingAndAdvertisingExpense
Amortization of intangible assets 630us-gaap_AmortizationOfIntangibleAssets 533us-gaap_AmortizationOfIntangibleAssets
Data processing and communications costs 4,260us-gaap_InformationTechnologyAndDataProcessing 3,454us-gaap_InformationTechnologyAndDataProcessing
Credit resolution related expenses 3,161us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees 2,190us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
Merger and conversion charges 15us-gaap_BusinessCombinationIntegrationRelatedCosts 450us-gaap_BusinessCombinationIntegrationRelatedCosts
Other noninterest expenses 6,934us-gaap_OtherNoninterestExpense 4,444us-gaap_OtherNoninterestExpense
Total noninterest expense 40,827us-gaap_NoninterestExpense 33,239us-gaap_NoninterestExpense
Income before income tax expense 14,511us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 12,273us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 4,747us-gaap_IncomeTaxExpenseBenefit 3,923us-gaap_IncomeTaxExpenseBenefit
Net income 9,764us-gaap_NetIncomeLoss 8,350us-gaap_NetIncomeLoss
Less preferred stock dividends and discount accretion   286us-gaap_DividendsPreferredStock
Net income available to common stockholders 9,764us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 8,064us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Other comprehensive income (loss)    
Unrealized holding gains arising during period on investment securities available for sale, net of tax of $350 and $1,582 650us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax 2,938us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Reclassification adjustment for gains included in earnings, net of tax of $4 and $2 (8)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax (4)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
Unrealized loss on cash flow hedges arising during period , net of tax of $208 and $143 (387)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax (266)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
Other comprehensive income 255us-gaap_OtherComprehensiveIncomeLossNetOfTax 2,668us-gaap_OtherComprehensiveIncomeLossNetOfTax
Total comprehensive income $ 10,019us-gaap_ComprehensiveIncomeNetOfTax $ 11,018us-gaap_ComprehensiveIncomeNetOfTax
Basic and diluted earnings per common share $ 0.32us-gaap_EarningsPerShareBasicAndDiluted $ 0.32us-gaap_EarningsPerShareBasicAndDiluted
Dividends declared per common share $ 0.05us-gaap_CommonStockDividendsPerShareDeclared  
Weighted average common shares outstanding    
Basic 30,443us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 25,144us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 30,796us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 25,573us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding