Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Sterne Agee Financial Institutions Investor Conference February 2011
16 slides from Ameris Bancorp's conference presentation, Feb 17, 2011
Slide 1: Sterne Agee Financial Institutions Investor Conference February 2011
Exhibit 99.1 Sterne Agee Financial Institutions Investor Conference February 2011
Slide 2: Cautionary Statement
Cautionary Management performance operations, may These be Tier capital presented This Act thereof looking involve undue thepresented Company’s of 1use presentation capital disclosures reliance 1933, and identify risks statements, these bybelieves enhance Statements by as and other of ratios non-GAA
Slide 3: Corporate Profile
Corporate Headquartered Founded Historically Recent Four Approximately Assets 3 state $3.0 growth infootprint Profile 1971 billion grown through in 709 as Moultrie, Loans through with FTEs the de American 58$1.9 managing novo acquisitions Georgia offices billion expansion Banking 175,000 Deposits of
Slide 4: Experienced Management Team
Experienced NAME Edwin Andrew Dennis Jon Marc Cindi Management 4 S.J. H. Edwards W.J. /Bogan B. Lewis POSITION Zember Hortman Cheney Management and EVP, EVP, EVP Board Jr.President Jr. Retail EVP EXPERIENCE & Chief President Director Ownership &Team Banking Administrative Chief & Chief & of Financia
Slide 5: Current Focus
Current Focus Complete -Realize -Leverage Continue -Continue Position -Rebuild -Identify 5 the strategic loan Improving Consolidation to our Company operational be pipelines unique aggressive alternatives Credit position tofor efficiencies of Realize in FDIC Acquired Quality recognizing for as acash
Slide 6: Diversified Loan Portfolio
Commercial C&D Residential C&I Consumer Agriculture Total Diversified South Inland Florida Coastal Alabama In-house 2 6 Loan 51,565 Type $participations Portfolio 129,145 Carolina Georgia 81,980 13% loans Georgia lending 9%6,949 Average loan 65,619 101,188 5.48 R/E above 5.23 5.77% Detail 44% 13% 21
Slide 7: C&D and Commercial Real Estate Portfolio Detail
C&D Commercial Spec Misc. $0.0 Reduced Average 38% CRE Auto -$30.0 Data 7 Average 49%$10.0 of as /Portfolio Dealerships and Portfolio $35.0 of model all ofappraisal outstandings our CRE 12/31/10; 2010 $20.0 $40.0 construction CRE homes (Non loan Detail NCO’S $30.0 Land age $45.0 portfolio is Owner-O
Slide 8: Credit Quality: Nonperforming Assets
Credit Nonperforming 100 Q1 $55 NPL Potential 150 Jan-08 C&D 250% Dec-07 ‘09 75 125 OREO as 200% Quality Jun-08 50 Q2 Jun-08 100 aProblem percentage 25 ‘09 150% 75 0Nov-08 Q3 Dec-08 $96 Loans 50Loans ‘09 100% 25 $79 ofApr-09 & Q4 Jun-09 capital (accruing) OREO 50% ‘09 Q1 Sep-09 Dec-09 0%($MM) ‘10 Q2
Slide 9: Credit Cycle Analysis
Credit Cumulative 12.0% 8.6% 5.9% 4Q ABCB Analysis Forecasted Only Non-Accrual carrying Conservative $65.5 Classified—Accruing—55.5% $33.6 Original (1) 9 (2) 08$42.8 7.8% 5.2% Net$60.5 1Q Cycle 8.0% Cumulative Cumulative Appraisal value and 09 cumulative pre-tax, Book7.1% 4.0% million losses 4.0% tr
Slide 10: Fourth Quarter 2010 Performance Update
Fourth BALANCE Assets Loans, Tang Tangible Pre-tax, PERFORMANCE Diluted Net Efficiency CREDIT NPAs NCOs Reserves (1) 10 interest Common //$2,424 Quarter net Assets Excludes Avg earnings pre-credit Book QUALITY / NPLs Loans ratio 1,686 margin SHEET loans $2,352 4.85 Value Equity Update 85.1 per 1,627
Slide 11: Local Deposit Strategy
Local Strategy business 100% Q4 UBPR Deposit 91% Non-time Retail Brokered 11 ‘07Deposit 90% Funding time $1b-$3b Q2 Composition produces transaction 6% Deposits ‘08 deposits 80% Customers Q4 as Ameris 70% a20% ‘08 58% %36% accounts -60% of Q2 12/31/10 more Bank total drive ‘09 50%funding Funding Q4
Slide 12: Strong Pre-Credit Earnings Performance
Strong Pre-Tax, $10,513 $7,432 1.83% Q1 2.50% Net 4.50 2008 3.65 4.01 4.11 Ameris Additional Consolidation Includes Margin Legacy FDIC (1) (2) additional 12 Ameris Credit ‘09 Interest 4.20 3.66 Q2 receivable—$177 2.00% Core $7,324 Q2 upside NPLs, Bank $9,441 staffing Pre-Credit ‘09 3.90 3.68 expense
Slide 13: FDIC-Assisted Acquisitions
FDIC-Assisted American Assets, Deposits, Other Discount Deposit Cash Gain Assets Acquisition 13 /rec’d/(paid) borrowings (Goodwill) stated fair premium bid fair United value date gain 19,645 net value Acquisitions 10/23/09 plus of Bank 120,994 17,100 262 7,802 12,445 cash 100,470 32,615 subsequent 2
Slide 14: Protected Tangible Book Value
Protected Tangible $9.44 2005 $7.41 $8.49 --Successfully (1) 1.90%. Ability 14 2006 $9.47 Tangible to Book Tangible 2007 build $9.22 earned Value 2008 TBV book Book our Per 2009 through value way Value Share 2010 per through PTPP/Average (1) share $11.00 the adjusted economic $9.00 assets for $7.00
Slide 15: Focus on M&A Opportunities
FocusatNumber Buy Targets M&A Traditional State Georgia Florida South Alabama Total “Loss Shrinking Provides Potential Remaining 15 57 51 -Share” Carolina “Loss on significant 22 23 ready 33 12 306 319 higher Consolidation to 4institutions pool 135 143 17 deals M&A 162 60 effect -Share” $to of 1,111
Slide 16: Sterne Agee Financial Institutions Investor Conference February 2011
Sterne Agee Financial Institutions Investor Conference February 2011
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