Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — KBW Community Bank Conference 2010
17 slides from Ameris Bancorp's conference presentation, Jul 29, 2010
Slide 1: KBW Community Bank Conference July 2010
EXHIBIT 99.1 KBW Community Bank Conference July 2010
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 Huntsville Greenville Spartanburg South Carolina • Founded in 1971 as the American Banking Birmingham Atlanta Augusta Columbia Company Alabama Macon Charleston Montgomery Columbus Georgia • Historically grown through acquisitions of smaller Sava
Slide 4: Experienced Management Team
Experienced Management Team EXPERIENCE PREVIOUS NAME / POSITION (Banking / Ameris) EXPERIENCE Edwin W. Hortman Jr. 30/12 Colony Bankcorp, Inc. President & Chief Executive Officer Dennis J. Zember Jr. 14/5 Flag Financial Corporation EVP & Chief Financial Officer Jon S. Edwards 26/11 NationsBank, Fede
Slide 5: Current Focus
Current Focus Remain Well-Positioned to Capitalize on Opportunities One of only a handful of southeastern banks able to participate in FDIC transactions Significant opportunities in and around our footprint Aggressively Deal with Credit Issues Continue to be aggressive in recognizing and charging of
Slide 6: Loan Portfolio Detail
Loan Portfolio Detail Loan Portfolio Detail – 6/30/10 Average LoanAverage Loan Type Size Rate Commercial R/E $ 367,433 5.84 % C&D 143,912 5.11 Residential 66,501 6.16 C&I 53,046 5.45 Consumer 7,347 7.40 Agriculture 118,697 6.09 Total $ 86,620 6.06 % • Diversified loan portfolio across five regions –
Slide 7: C&D and CRE Detail
C&D and CRE Detail (in millions) C&D Portfolio - Reduced outstandings31% in last 12 months - Average LTV is 72% - Average appraisal age is 7 months - 44% of all YTD NCO’s CRE Portfolio (Non Owner-Occupied) - 45% of our CRE portfolio is owner-occupied - Average CRE loan is $367k 7 Data as of 6/30/10;
Slide 8: Managing Asset Quality
Managing Asset Quality Nonperforming Loans vs. OREO ($MM) AllClassifiedAssets– Peakedin11/09 A C&D as a Percentage of Capital 8 Data as of 6/30/10; excludes covered loans A-includes the effect of the note sale affected after quarter end.
Slide 9: Credit Cycle
Credit Cycle Cumulative losses in Current Economic(1)Cycle • Analysisshows that Ameris Bank is 65% - 70% through the current cycle with no dilution to TBV or capital levels. • Forecasted cumulative losses for remainder of cycle is $66 million. • Forecasted pre-tax, pre-credit earnings for remainder
Slide 10: Second Quarter Update
Second Quarter Update dollars in millions, except per share data Q2 '09 Q3 '09 Q4 '09 Q1 '10 Q2 '10 BALANCE SHEET Assets $ 2,285 $ 2,207 $ 2,424 $ 2,352 $ 2,422 Loans, net 1,632 1,611 1,686 1,627 1,651 Tangible Common Equity / Assets 5.65% 5.84% 5.86% 5.97% 9.17% Tangible book value $ 9.00 $ 9.00 $
Slide 11: Local Deposit Customers drive Profitability
Local Deposit Customers drive Profitability • Strategy produces 20% more funding from local deposits than our peer group • Much less rate sensitive, produces lower COF and higher margins • Salesculture focusessolelyon driving more retail andbusinesstransactionaccounts Retail Funding as a % of total
Slide 12: Strong Core Operating Performance "Project 2010"
Strong Core Operating Performance Pre-Tax,Pre-CreditEarnings (1) ($000s) Net InterestMargin(2) (%) “Project 2010” • A comprehensive plan covering numerous cost saving initiatives • Expect to improve pre-tax, pre-credit income by approximately $9.6 million in 2010 – Increase net interest income by $2
Slide 13: Recent Successes
Recent Successes FDIC-Assisted Acquisitions • Announced purchase and assumption agreements with FDIC loss sharing to acquire – AmericanUnitedBank(10/23/09)- $125millionin assets,$12.1milliongain – UnitedSecurityBank(11/6/09)- $150millionin assets,$26.5milliongain – Satilla Community Bank (5/14/10) $
Slide 14: Protected Tangible Book Value
Protected Tangible Book Value -No dilution during economic downturn - Capital raise completed at 99% of pro-forma TBV - Core earnings stream covers anticipated credit costs and protects TCE going forward (1) Tangible book value per share adjusted for stock dividends 14
Slide 15: Potential FDIC-Assisted Opportunities
Potential FDIC-Assisted Opportunities PotentialOpportunitiesHeadquarteredWithin75 Milesof anABCBBranch(1) Number of Number of Deposits State Institutions Branches ($MM) Alabama 2 6 $ 151 Florida 14 71 3,082 Georgia 67 268 16,091 South Carolina 9 70 2,887 Total 92 415 $ 22,211 PotentialOpportunityAss
Slide 16: Opportunity Universe
Opportunity Universe (1) Unassisted Opportunities Number of Number of Deposits State Institutions Branches ($MM) Amerisis well-positioned to take Alabama 4 8 $ 394 advantage of significant unassisted and Florida 6 40 2,753 FDIC-assisted opportunities Georgia 5 17 812 South Carolina 5 32 1,583 Total
Slide 17: KBW Community Bank Conference July 2010
KBW Community Bank Conference July 2010