Slide 1: Second Quarter 2012 Investor Presentation
Exhibit 99.1 Second Quarter 2012 Investor Presentation
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains certain performance measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management of Ameris Bancorp (the “Company”) uses these non-GAAP measures in its analys
Slide 3: Corporate Profile
Corporate Profile • Headquartered in Moultrie, Georgia • Founded in 1971 as American Banking Company • Historically grown through acquisitions of smaller banks in areas close to existing operations • Recent growth through de novo expansion strategy and 10 FDIC-assisted transactions • Four state foot
Slide 4: Experienced Management Team
Experienced Management Team EXPERIENCE PREVIOUS NAME / POSITION (Banking / Ameris) EXPERIENCE Edwin W. Hortman Jr. 32/14 Colony Bankcorp, Inc. Chief Executive Officer Andrew B. Cheney 36/3 Barnett Bank, Mercantile Bank EVP & Chief Operating Officer Dennis J. Zember Jr. 19/7 Flag Financial Corporatio
Slide 5: Current Focus
Current Focus Position Ameris Bank as a Consolidator in our 4 Southeastern States • FDICAssistedacquisitions– Slowingpipelineof opportunities but our marketsstill have majority of potential deals. Interestin both Strategic(buildsmarketshare)andFinancial (builds excess TCE and T1 capital). • Traditio
Slide 6: Second Quarter Update
Second Quarter Update dollars in millions, except per share data Q2 '11 Q3 '11 Q4 '11 Q1 '12 Q2 '12 Change BALANCE SHEET Assets $2,857 $3,010 $2,994 $3,043 $2,920 2.21% Loans, net 1,812 1,929 1,868 1,949 1,941 7.12 Tang Common Equity / Assets 7.78% 7.96% 7.96% 7.95% 8.41% 8.10 Tangible Book Value $9
Slide 7: Earnings Growth – Expansion/Remix of Earning Assets
Earnings Growth – Expansion/Remix of Earning Assets Short-term plan to convert low yielding assets into traditional earning asset mix Balance Type 84,440 Legacy NPAs • Majority of the conversion of low yielding assets expected inside of 2 years 83,467 Covered OREO • Cash flows here do not factor in
Slide 8: Earnings Growth – Non-interest Income
Earnings Growth – Non-interest Income Serious about building strength and diversification in non- interest income sources • Moving away from deposit charges • Researching unique lines of business • Momentum in our numbers coming from mortgage revenue. We believe we can duplicate that strategy with o
Slide 9: Earnings Growth – Continued growth in Revenue
Earnings Growth – Continued growth in Revenue Revenue growth through this cycle with opportunistic strategies: • 15.0% compounded annual growth rate in total revenue over the last three years • Revenue has grown twice as fast as earning assets • Significant amount of assets that will be deployed ove
Slide 10: Earnings Growth – Operating Expense Leverage
Earnings Growth – Operating Expense Leverage 5 Facts that Point To Significant Leverage in Operating Expense SAD department fully staffed • $5.2 million in annualized cost will trend down over the next couple years as covered and classified assets decrease Corporate functions can accommodate growth
Slide 11: Local Deposit Customers
Local Deposit Customers Drive Profitability & Long Term Franchise Value • 34.9%- Growth rate in Non-interest Bearing Demand during last 12 months • 64.5%- Percentage of deposits in retail oriented transaction style accounts • 98.0%- Percentageof Bank’stotal funding through depositsthat “walks throug
Slide 12: Net Interest Margin
Net Interest Margin “Acquisition Yields” Net Interest Margin (2) (%) Loans CDs 4.66 Quarter Yield Quarter Yield Q3 '11 5.62% Q3 '11 0.96% 4.45 Q4 '11 5.38% Q4 '11 0.67% Q1 '12 5.48% Q1 '12 0.65% Q2 '12 5.45% Q2 '12 0.54% 4.15 4.07 Maturity& RepricingOpportunity(1) (1)) Upcoming Maturities and Expect
Slide 13: Significant Capital Strength
Significant Capital Strength Adequate for TARP repayment and further growth Growing Tangible Book Value Significant Capital left to Leverage • 9.95% -Proforma Tier 1 capital assuming TARP repayment $10.29 $10.15 $10.08 $10.06 • 8.40% Proforma TCE / TA assuming TARP repayment $9.35 $9.34 $9.22 $9.20
Slide 14: FDIC-Assisted Acquisitions – leading the nation in number of deals
FDIC-Assisted Acquisitions leading – the nation in number of deals Gain/ Bank Acquisition Date Assets, FV Deposits, FV Discount Bid Deposit Premium (Goodwill) American United Bank Oct-09 120,994 100,470 (19,645) 262 12,445 United Security Bank Nov-09 169,172 141,094 (32,615) 228 26,121 Satilla Commu
Slide 15: Potential Consolidation Opportunities
Potential Consolidation Opportunities (data for banks in our four state footprint) “Loss-Share” M&A Opportunities (2) Traditional M&A Opportunities (1) “Loss-Share” M&A • 20%of all banks under $2 billion in our four states have Tx ratio over 100% • Majority remaining are smaller banks where consolid
Slide 16: Loan Portfolio Detail
Loan Portfolio Detail Loan Portfolio Detail6/30/12 – Average Loan Loan Type Size Average Rate Commercial R/E $ 325,927 5.49 % C&D 108,310 5.52 Residential 67,919 5.91 C&I 54,415 5.19 Consumer 6,949 6.68 Agriculture 113,720 5.90 Total $ 77,452 5.66 % • Diversified loan portfolio across five regions –
Slide 17: Loan Growth Opportunity
Loan Growth Opportunity Growth in Loan Pipelines Lending Strategies • Leveraging presence in new markets (top five markets account for 70% of pipeline: Atlanta, Jacksonville, Columbia, Tallahassee, Charleston • Upgrading production positions in key markets limited changesto expensebasebut higherleve
Slide 18: Credit Quality – Substantial Improvement
Credit Quality – Substantial Improvement Trends in NPA’s OREO • Values are appropriate for sale to end users • 1Q 2012 Disposal activity – More aggressive posture resulted in a $31.2 million reduction in classified assets at 63%, net of reserves Breakdown of OREO by Type AGRE Land, $0.05 , 0% RRE La
Slide 19: Credit Cycle
Credit Cycle In-Migrationof NewProblemLoans(1) • 45% Decline– In-migration of new non- accrual loans down significantly in 2011 over 2010 • 4th quarter 2011 increase in in-migration was concentrated in several larger relationships. All have resolution strategies implemented • Management anticipates
Slide 20: Second Quarter 2012 Investor Presentation
Second Quarter 2012 Investor Presentation