Profile: Ameris Bancorp (ABCB.OQ)

ABCB.OQ on NASDAQ Stock Exchange Global Select Market

13 Sep 2019
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Ameris Bancorp, incorporated on December 18, 1980, is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.

Lending Activities

The Company maintains a diversified loan portfolio by providing a range of commercial and retail lending services to business entities and individuals. It provides agricultural loans, commercial business loans, commercial and residential real estate construction and mortgage loans, consumer loans, revolving lines of credit and letters of credit. The Company also originates first mortgage residential mortgage loans and enters into a commitment to sell these loans in the secondary market. The Company’s loan portfolio totaled approximately $12.5 billion.

Investment Activities

The Company investment securities available for sale include the United States Government sponsored agencies; state, county and municipal securities; corporate debt securities, and mortgage-backed securities. The Company's security portfolio consists of over 360 securities, approximately 130 of which are in an unrealized loss position. The Company's total debt securities were $822.73 billion.

Sources of Funds

The Company provides a range of deposit accounts and services to both retail and commercial customers. These deposit accounts have a range of interest rates and terms and consist of interest-bearing and noninterest-bearing accounts, including commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts and certificates of deposit. The Company's total deposits were approximately $13.8 billion.

Company Address

Ameris Bancorp

24 2/Nd/ Avenue
MOULTRIE   GA   31768
P: +1912.8901111

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