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CONDENSED FINANCIAL INFORMATION OF AMERIS BANCORP (PARENT COMPANY ONLY) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
CONDENSED FINANCIAL INFORMATION OF AMERIS BANCORP (PARENT COMPANY ONLY) | CONDENSED FINANCIAL INFORMATION OF AMERIS BANCORP (PARENT COMPANY ONLY) Condensed Balance Sheets December 31, 2024 and 2023 (dollars in thousands)
| 2024 |  | 2023
Assets |  |  |
Cash and due from banks | $ | 141,836 |  |  | $ | 165,179 |
Investment in subsidiaries | 3,857,797 |  |  | 3,611,093 |
Other assets | 29,920 |  |  | 29,898 |
Total assets | $ | 4,029,553 |  |  | $ | 3,806,170 |
Liabilities |  |  |
Other liabilities | $ | 36,883 |  |  | $ | 33,766 |
Other borrowings | 108,839 |  |  | 215,342 |
Subordinated deferrable interest debentures | 132,309 |  |  | 130,315 |
Total liabilities | 278,031 |  |  | 379,423 |
Shareholders' equity | 3,751,522 |  |  | 3,426,747 |
Total liabilities and shareholders' equity | $ | 4,029,553 |  |  | $ | 3,806,170 |
Condensed Statements of Income Years Ended December 31, 2024, 2023 and 2022 (dollars in thousands)
| 2024 |  | 2023 |  | 2022
Income |  |  |  |  |
Dividends from subsidiaries | $ | 149,000 |  |  | $ | 175,000 |  |  | $ | 50,000 |
Other income | 347 |  |  | 462 |  |  | 175 |
Securities gains | 24 |  |  | — |  |  | 270 |
Total income | 149,371 |  |  | 175,462 |  |  | 50,445 |
Expense |  |  |  |  |
Interest expense | 22,504 |  |  | 24,568 |  |  | 22,170 |
Other expense | 18,651 |  |  | 13,858 |  |  | 11,154 |
Total expense | 41,155 |  |  | 38,426 |  |  | 33,324 |
Income before taxes and equity in undistributed income of subsidiaries | 108,216 |  |  | 137,036 |  |  | 17,121 |
Income tax benefit | 9,586 |  |  | 10,738 |  |  | 8,553 |
Income before equity in undistributed income of subsidiaries | 117,802 |  |  | 147,774 |  |  | 25,674 |
Equity in undistributed income of subsidiaries | 240,883 |  |  | 121,331 |  |  | 320,866 |
Net income | $ | 358,685 |  |  | $ | 269,105 |  |  | $ | 346,540 |
Condensed Statements of Cash Flows Years Ended December 31, 2024, 2023 and 2022 (dollars in thousands)
| 2024 |  | 2023 |  | 2022
OPERATING ACTIVITIES |  |  |  |  |
Net income | $ | 358,685 |  |  | $ | 269,105 |  |  | $ | 346,540 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Share-based compensation expense | 13,440 |  |  | 9,950 |  |  | 6,706 |
Undistributed earnings of subsidiaries | (240,883) |  |  | (121,331) |  |  | (320,866) |
Decrease in interest payable | (204) |  |  | (319) |  |  | (961) |
Increase in tax payable | 1,540 |  |  | 3,021 |  |  | 8,596 |
Provision for deferred taxes | (788) |  |  | (1,165) |  |  | (649) |
Gain on sale of other investments | (24) |  |  | — |  |  | (270) |
Change attributable to other operating activities | 2,179 |  |  | 1,188 |  |  | 200 |
Total adjustments | (224,740) |  |  | (108,656) |  |  | (307,244) |
Net cash provided by operating activities | 133,945 |  |  | 160,449 |  |  | 39,296 |
INVESTING ACTIVITIES |  |  |  |  |
Net (increase) decrease in other investments | — |  |  | — |  |  | 213 |
Investment in subsidiary | — |  |  | — |  |  | (65,000) |
Net cash used in investing activities | — |  |  | — |  |  | (64,787) |
FINANCING ACTIVITIES |  |  |  |  |
Purchase of treasury shares | (7,954) |  |  | (20,346) |  |  | (22,421) |
Dividends paid - common stock | (41,460) |  |  | (41,649) |  |  | (41,610) |
Repayment of other borrowings | (107,874) |  |  | (86,850) |  |  | — |
Proceeds from exercise of stock options | — |  |  | 476 |  |  | 2,799 |
Net cash used in by financing activities | (157,288) |  |  | (148,369) |  |  | (61,232) |
Net change in cash and cash equivalents | (23,343) |  |  | 12,080 |  |  | (86,723) |
Cash and cash equivalents at beginning of year | 165,179 |  |  | 153,099 |  |  | 239,822 |
Cash and cash equivalents at end of year | $ | 141,836 |  |  | $ | 165,179 |  |  | $ | 153,099 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |  |  |  |  |
Cash paid during the year for interest | $ | 22,708 |  |  | $ | 24,887 |  |  | $ | 23,131 |
Cash received during the year for income taxes | $ | (10,338) |  |  | $ | (12,593) |  |  | $ | (16,499) |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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